SIDE BY SIDE ARTS CIC

Company limited by guarantee

Company Registration Number:
11618513 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

SIDE BY SIDE ARTS CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SIDE BY SIDE ARTS CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,662 5,738
Total fixed assets: 3,662 5,738
Current assets
Debtors: 4 5,060 0
Cash at bank and in hand: 13,220
Total current assets: 5,060 13,220
Creditors: amounts falling due within one year: 5 ( 47,236 ) ( 35,212 )
Net current assets (liabilities): (42,176) (21,992)
Total assets less current liabilities: (38,514) ( 16,254)
Provision for liabilities: ( 696 ) ( 1,537 )
Total net assets (liabilities): (39,210) (17,791)
Members' funds
Profit and loss account: (39,210) ( 17,791)
Total members' funds: ( 39,210) (17,791)

The notes form part of these financial statements

SIDE BY SIDE ARTS CIC

Balance sheet statements

For the year ending 31 October 2023 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 27 July 2024
and signed on behalf of the board by:

Name: Stuart Angus
Status: Director

The notes form part of these financial statements

SIDE BY SIDE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 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

SIDE BY SIDE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 0

SIDE BY SIDE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 5,581 1,521 9,079 16,181
Additions 2,391 0 0 2,391
Disposals
Revaluations
Transfers
At 31 October 2023 7,972 1,521 9,079 18,572
Depreciation
At 1 November 2022 4,732 776 4,935 10,443
Charge for year 1,248 507 2,712 4,467
On disposals
Other adjustments
At 31 October 2023 5,980 1,283 7,647 14,910
Net book value
At 31 October 2023 1,992 238 1,432 3,662
At 31 October 2022 849 745 4,144 5,738

SIDE BY SIDE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Other debtors 5,060 0
Total 5,060 0

SIDE BY SIDE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 16,467 18,564
Taxation and social security 23,207 9,826
Other creditors 7,562 6,822
Total 47,236 35,212

SIDE BY SIDE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Loans to directors

Name of director receiving advance or credit: Stuart Angus
Description of the transaction:
Loan
£
Balance at 31 October 2022
Advances or credits made: 5,060
Advances or credits repaid:
Balance at 31 October 2023 5,060

COMMUNITY INTEREST ANNUAL REPORT

SIDE BY SIDE ARTS CIC

Company Number: 11618513 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Over this period of time Side By Side Arts offered a total of 13,356 music instrument lessons covering piano, guitar, drums, singing, violin, harp and Northumbrian Small pipes. As we are based in Bensham, Gateshead we have ensured that our lesson prices are of value and affordable to local residents. This feeds into our aims of providing opportunities to people who would not otherwise be able to engage in musical activities.We grew the number of schools that we engage with to 9:8 primary schools and 1 secondary school where we worked to provide music instrument tuition and curriculum.Our community choir has grown from strength to strength with over 40 members attending regularly. The choir held several community performances including a very successful Christmas show in partnership with St Mary's Heritage Centre. We also launched a children's choir and a choir funded by the NHS to research how singing could benefit people living with long term pain.We continued to work with Gateshead Council to support their holiday hunger initiative in partnership with St Aidan's Primary school and held several community singing events asking local experts to share their skills and knowledge.

Consultation with stakeholders

Our stake holders are residents from the borough of Gateshead and surrounding areas. We are based in Bensham, one of the most deprived areas of Gateshead.We constantly seek feedback from our stakeholders through online polls, face to face conversations and feedback sheets following community events.The main feedback given by our stakeholders are that they want more opportunities for young people in music. Reacting to this we launched our children's choir and have ensured that there are more music camps, from rock star day through to Taylor Swift days, planned throughout school holidays. We have also provided more performance opportunities for our students through termly student concerts.

Directors' remuneration

Directors Salaries £66,000

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Stuart Angus
Status: Director