for the Period Ended 31 October 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | ( | ( |
Interest receivable and similar income: | | |
Profit(or loss) before tax: | ( | ( |
Profit(or loss) for the financial year: | ( | ( |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | ( | ( | |
Total net assets (liabilities): | ( | ( | |
Members' funds | |||
Profit and loss account: | ( | ( | |
Total members' funds: | ( | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2023
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 October 2023
2023 | 2022 | |
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Average number of employees during the period | | |
for the Period Ended 31 October 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors | | |
Other debtors | | |
Total | | |
for the Period Ended 31 October 2023
2023 | 2022 | |
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£ | £ | |
Trade creditors | | |
Other creditors | | |
Total | | |
Kiwi Community Events CIC trade as The Ironworks – Arts and Culture Community Centre.Since opening in 2022 the Ironworks has been a welcoming and inviting space for everyone, at the heart of a struggling High Streetand close to some of the most deprived communities in Southend. The cost-of-living crisis and the wider public and voluntary sectorcapacity and funding challenges mean that life it tough for well over half-of Southend’s families and young people (with deprivationparticularly high in Victoria, Kursaal and Milton Wards – our key areas of focus). We know from experience that young people inparticular who suffered through Covid are facing ever higher levels of poor mental health and loneliness - we provide space forpositive activities to address this. Below we set out who benefits from our activities and support: - Tackle social isolation andincrease volunteering and civic pride: We provide space for a wide range of activities for people of all ages. We will offer morevolunteering roles to support people to gain new skills and confidence. This is very important to us, we have many participants inactivities and visitors who a benefitting from the welcoming and inclusive atmosphere we have created (with our many partners). Soreducing isolation and ensuring accessibility for all (including families) is right at the core of our purpose – investment now will helpus embed this more - Support creative business and entrepreneurship: Ironworks is a creative hub for start-up creatives andentrepreneurs with space for sales, promotion and craft/creative activities. We offer mentoring and career development opportunities -Culture-led reinvigoration of High Street and Levelling-Up: We are enlivening the High Street (including evenings), supportingartists/creatives and local businesses by driving footfall and interest – promoting the High Street as a place of cultural and socialinterest - Space for events, exhibitions, workshops and meetings: We are the main venue in the High Street and offer space for artisticexhibitions as well as business, voluntary/public sectors for workshops/meetings. We bring diverse interests together which sparksnew ideas and projects (supporting coproduction)The Ironworks has become one of the key spaces for delivering on both Southend 2050 (Southend City Council) cutting acrosssocial, economic and cultural outcomes. The Ironworks directly supports Improving Community Spaces – Before we opened thespace was another vacant High Street unit and now we have transformed it into a central community and creative space, offeringmany different health and wellbeing opportunities for people of all ages. This includes space for creatives, and already we have astrong support base who are proud of the difference we are making. Without the Ironworks there would be no other affordable andaccessible space for creatives and charities/small community groups who want to offer much-needed services to those in great need.To this end we therefore are directly contributing to Enhancing a Thriving Voluntary Sector - strengthening the outreach potential ofthe sector and supporting collaboration between local groups. We will know success through the producing of an ambitious androbust business plan and funding readiness strategy that delivers results in terms of understanding revenue imperatives, securingexternal funding and new partnerships In terms of 2050, we are leading progress against Opportunity and Prosperity, providing spaceand support for the creative and cultural sectors, supporting creative entrepreneurship and being a beacon of vibrancy in the CityCentre and High Street throughout the week. The High Street is suffering from high vacancy rates and a lack of diversity of interest,but the Ironworks is a leading space for addressing this head on. Success will be our continued sustainability and growth.Ultimately The Ironworks is a safe, fun, accessible space for the whole community – with tons of opportunities to not only improveones skills but to socialise and be a part of the community.
Southend on Sea City Council – via SELEP HM Government funded the rent and rates for the first 2 years since signing the lease- aswell as a small sum to get the venue fit for purpose. This was a part of a fund to re-purpose an Empty Unit and to create a communityfocussed venue. We are regularly in touch with SCC as they continue to support the project.Community Investment Board have funded Kiwi Community Events to the sum of £10k to develop a robust business plan inassociation with The Cultural Engine CIC – this is still work in progress. The grant also covers extending the lease to 25 years(solicitor fees).£5k from ROSCA to buy kitchen equipment£10k from the National LotterySmall grant from SAVS, Community Investment board to cover small projects including art trails/ community dinners/ exhibitions.£2k Avenue Trust –donation£500 from The Independent
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 July 2024
And signed on behalf of the board by:
Name: N Hodges
Status: Director