ANANSI THEATRE COMPANY C.I.C.

Company limited by guarantee

Company Registration Number:
13432733 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

ANANSI THEATRE COMPANY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ANANSI THEATRE COMPANY C.I.C.

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company during the year under review was Performing arts and Support activities to performing arts.

Additional information

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Lauren Nicole WHITTER
Ishi KHAN
Jo BLACKWOOD


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 July 2024

And signed on behalf of the board by:
Name: Lauren Nicole WHITTER
Status: Director

ANANSI THEATRE COMPANY C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 67,398 64,905
Cost of sales: ( 34,099 ) ( 48,431 )
Gross profit(or loss): 33,299 16,474
Distribution costs: ( 353 ) ( 512 )
Administrative expenses: ( 26,433 ) ( 17,322 )
Other operating income: 1,005 2,071
Operating profit(or loss): 7,518 711
Profit(or loss) before tax: 7,518 711
Tax: ( 1,428 ) ( 91 )
Profit(or loss) for the financial year: 6,090 620

ANANSI THEATRE COMPANY C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 51,158 13,395
Total current assets: 51,158 13,395
Creditors: amounts falling due within one year: 3 ( 44,679 ) ( 13,006 )
Net current assets (liabilities): 6,479 389
Total assets less current liabilities: 6,479 389
Total net assets (liabilities): 6,479 389
Members' funds
Profit and loss account: 6,479 389
Total members' funds: 6,479 389

The notes form part of these financial statements

ANANSI THEATRE COMPANY C.I.C.

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 July 2024
and signed on behalf of the board by:

Name: Lauren Nicole WHITTER
Status: Director

The notes form part of these financial statements

ANANSI THEATRE COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reducedfor estimated customer returns, rebates and other similar allowances.Revenue from the sale of goods is recognised when all the following conditions are satisfied-the Company has transferred to the buyer the significant risks and rewards of ownership of thegoods-the Company retains neither continuing managerial involvement to the degree usually associatedwith ownership nor effective control over the goods sold-the amount of revenue can be measured reliably-it is probable that the economic benefits associated with the transaction will flow to the Companyand-the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Other accounting policies

    TaxationIncome tax expense represents the tax currently payable.The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Trade and other creditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

ANANSI THEATRE COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

ANANSI THEATRE COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 1,428 91
Accruals and deferred income 42,835 12,835
Other creditors 416 80
Total 44,679 13,006

COMMUNITY INTEREST ANNUAL REPORT

ANANSI THEATRE COMPANY C.I.C.

Company Number: 13432733 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Anansi theatre company, was created as a way for women of the global majority to share, connect and express themselves creatively. During the financial year of 2023-2024 the company benefited the community by-Employing local artists to work in our performances-Employing women of colour to work in the management aspect of the company-Creating and delivering workshops with community groups-We did our Empowerment Drama Club for Girls and Young Women of Colour at Normanton library in derby. These workshops were free to attend for derby participants, ages 6-10 and 11-14. For the Normanton library workshops participants and guardians also had free food.-This group performed at International Women’s Day Derby.-We provided workshops at Deda for women of colour who suffer with mental health-We provided free workshops during half term at Normanton Library for all children and families-We received funding from Community Action, Derby City Council, Foundation Derbyshire, People’s Postcode Trust, Children in Need, The National Lottery, The Phoenix Way and The Girl Dreamer Fund-We continued our commitment as part of DHIP Derby Health Inequalities Partnership and the Core 20 Connector Programme, specializing in provisions for women of the global majority who suffer with severe mental health. We attended forums and discussions on sharing best practice and challenges.-Most recently were have become part of a subgroup of DHIP – Community Researcher’s. This means that we work with more organisations to support provisions in Derby.

Consultation with stakeholders

The company’s stakeholders are participants of our workshops, performances, local artists, and community groups. Two of the directors of the company are based in derby and have a strong connection to the community and arts in the area.During our drama workshops we ask the participants to fill in a feedback form about what they enjoyed, what they want more of and what they found challenging. From this we found that this had been some of the participants first time at a drama workshop or drama club and what had stopped them from attending before and what we can do to encourage them to keep coming. We collect feedback from all our outreach sessions. For our women of colour programme, for those who suffer with mental health, we had a sessions just for collecting feedback and discussing openly about the programme.We ask for feedback after our research and development project from the artists to make sure they are getting what they need to do their best work.We also have weekly check ins with members of staff to make sure they are supported. We have recently appointed a mental health and wellbeing champion to support staff and the participants we work with.Furthermore, we have Community Advisory board who are members of the community. We meet quarterly. From our meetings we have updated our safeguarding policies.We have an Industry Advisory Board, which is made up of artists of colour who are based in the East Midlands and in the UK.We changed our articles and added Hubbub Theatre Company to our asset lock clause.We are very interactive on all social media accounts which enable potential participants and their guardians to ask questions and offer suggestions.We have now employed a General Manager to support Anansi’s aims, values and mission.

Directors' remuneration

During the financial year, the director was remunerated for their service based on the hours spend on the business activities and this has been recorded in the accounts. The two non-executive directors received a fee for a consultation meeting. This has been recorded in the accounts.The total amount paid or receivable by directors in respect of qualifying services was £20,937There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 July 2024

And signed on behalf of the board by:
Name: Lauren Nicole WHITTER
Status: Director