FILAMENT PROJECTS CIC

Company limited by guarantee

Company Registration Number:
11004101 (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

FILAMENT PROJECTS CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

FILAMENT PROJECTS CIC

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Additional information

Statement of directors' responsibilitiesThe directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:- select suitable accounting policies and then apply them consistently;- make judgements and estimates that are reasonable and prudent;- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.Small company provisionsThis report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 November 2022 to 31 October 2023

Helen Slevin
Sarah Richardson
Davina Jokhi


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
23 July 2024

And signed on behalf of the board by:
Name: Helen Slevin
Status: Director

FILAMENT PROJECTS CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 56,899 51,476
Cost of sales: ( 33,892 ) ( 33,869 )
Gross profit(or loss): 23,007 17,607
Administrative expenses: ( 13,784 ) ( 15,588 )
Operating profit(or loss): 9,223 2,019
Profit(or loss) before tax: 9,223 2,019
Tax: 3,703 3,044
Profit(or loss) for the financial year: 12,926 5,063

FILAMENT PROJECTS CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 3,703 3,938
Cash at bank and in hand: 18,804 11,612
Total current assets: 22,507 15,550
Creditors: amounts falling due within one year: 4 ( 3,084 ) ( 9,053 )
Net current assets (liabilities): 19,423 6,497
Total assets less current liabilities: 19,423 6,497
Total net assets (liabilities): 19,423 6,497
Members' funds
Profit and loss account: 19,423 6,497
Total members' funds: 19,423 6,497

The notes form part of these financial statements

FILAMENT PROJECTS 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.

This report was approved by the board of directors on 23 July 2024
and signed on behalf of the board by:

Name: Helen Slevin
Status: Director

The notes form part of these financial statements

FILAMENT PROJECTS 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Other accounting policies

    Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation CurrencyThe accounts are presented in £ sterling.

FILAMENT PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

FILAMENT PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Debtors

2023 2022
£ £
Prepayments and accrued income 163
Other debtors 3,703 3,775
Total 3,703 3,938

FILAMENT PROJECTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 3,078 9,045
Other creditors 6 8
Total 3,084 9,053

COMMUNITY INTEREST ANNUAL REPORT

FILAMENT PROJECTS CIC

Company Number: 11004101 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

This year the company’s activities have benefitted the community by providing high quality, accessible creative activities, with a focus on areas of socio-economic or rural deprivation and ‘unheard’ voices. Chasing ChristmasFilament Projects CIC were commissioned by Appetite Stoke to create Chasing Christmas, a bespoke show for the Middleport area of Stoke-on-Trent. This immersive Christmas adventure was created in partnership with local support organisation Middleport Matters. Middleport sits within the lowest 10% of England in terms if indices of multiple deprivation. Performances were offered free of charge, were fully accessible and a BSL interpreter was used to increase accessibility. The activities provided this area of socio-economic deprivation with a financially accessible seasonal performance featuring music, acting, circus, and, of course, Father Christmas himself. At the end of the performances all audience members were offered free refreshments and a biscuit gift. Evaluation was sought through creative worksheets that children and families completed together. For one BSL audience member it was the first time they had been able to enjoy a theatre show with their family. PLANT Research & Development Filament carried out a period of Research & Development on a new piece aimed at early years pupils (children aged 3 – 5), supported by a grant from Big Imaginations. This enabled us to reconnect with this age group following the covid pandemic, and explore its lasting impact. A series of creative workshops were conducted at Broken Cross Primary School, Macclesfield, a single intake primary school where over 43% of pupils are eligible for free school meals, double the national average. These workshops engaged 60 early years children and 7 members of staff. Following these workshops we worked with a writer to develop an initial script treatment for the project. The Exchange Filament were commissioned by Cheshire West and Chester council as part of their COVID reflections project. This project was a new iteration of our previous audio installation, The Exchange, which provides a platform for unheard voices reflecting on the COVID-19. The initial plan was to focus on experiences of both people within the care sector and those who became mothers during the pandemic. A series of 12 artist-led, open workshops were conducted in Winsford Library. Winsford has several LSOAs sitting with in the 10% and 20% most deprived areas in England. During the workshops it became clear that the ‘new mothers’ group were not in a place where they could comfortably share their experiences publicly, so in the end the project focussed solely on adults with learning difficulties and those within the care sector. For the project we worked in partnership with Vivo Care Choices, and further workshops were conducted at one of their day centres. One of the most striking themes from the workshop was that many staff and service users voiced that Filament were the first people to even stop and ask them about their experience, or about how the pandemic impacted them. The final Exchange installation featured 36 conversations/interviews with people from across the care sector around the themes of Timeline, People, Mental Health and Looking Forward. The Exchange installation then toured to 4 locations around the Cheshire West and Chester borough, and postcards were used to collect listeners response to the piece.

Consultation with stakeholders

Our Stakeholders are our funders, audiences, board members and the creatives we work with. Funders – Evaluation reports are submitted to funders detailing the resulting outcomes and learning of projects. For The Exchange project regular progress meetings were also held with Cheshire West and Chester. These reports/meetings have not elicited any additional concerns or comments from funders. Audiences – Feedback was collected from audiences and workshop attendees, including young people, teachers, and caregivers to assess their experiences of the activities. Feedback was extremely positive, for all projects. Board Members –The board are updated via regular email updates and board meetings. The board have been very supportive of the work carried out, and the future plans. Creatives –Throughout projects an ongoing dialogue is maintained with creatives to ensure projects run smoothly. At the end of projects final feedback is obtained via email and direct conversations.

Directors' remuneration

The amount of emoluments paid to or receivable by directors in respect of qualifying services was £6425 fees during this financial year. There 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
23 July 2024

And signed on behalf of the board by:
Name: Helen Slevin
Status: Director