STOUR TRUST CIC

Company limited by guarantee

Company Registration Number:
12282134 (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

STOUR TRUST CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

STOUR TRUST CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 372,482 220,728
Cost of sales: ( 36,221 ) ( 24,225 )
Gross profit(or loss): 336,261 196,503
Administrative expenses: ( 335,825 ) ( 195,785 )
Operating profit(or loss): 436 718
Profit(or loss) before tax: 436 718
Tax: ( 109 )
Profit(or loss) for the financial year: 327 718

STOUR TRUST CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,400 2,800
Total fixed assets: 1,400 2,800
Current assets
Debtors: 4 3,844 5,200
Cash at bank and in hand: 34,527 42,552
Total current assets: 38,371 47,752
Creditors: amounts falling due within one year: 5 ( 8,228 ) ( 11,884 )
Net current assets (liabilities): 30,143 35,868
Total assets less current liabilities: 31,543 38,668
Total net assets (liabilities): 31,543 38,668
Members' funds
Profit and loss account: 31,543 38,668
Total members' funds: 31,543 38,668

The notes form part of these financial statements

STOUR TRUST 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 20 June 2024
and signed on behalf of the board by:

Name: Juliet Can
Status: Director

The notes form part of these financial statements

STOUR TRUST 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, net of discounts and value added taxes. Turnover includes revenue earned from sales of good or rendering services. Turnover is reduced for estimated customer returns, rebated and similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.

STOUR TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

STOUR TRUST 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 5,600 5,600
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 5,600 5,600
Depreciation
At 1 November 2022 2,800 2,800
Charge for year 1,400 1,400
On disposals
Other adjustments
At 31 October 2023 4,200 4,200
Net book value
At 31 October 2023 1,400 1,400
At 31 October 2022 2,800 2,800

STOUR TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 3,844 5,200
Total 3,844 5,200

STOUR TRUST CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 8,228 11,884
Total 8,228 11,884

COMMUNITY INTEREST ANNUAL REPORT

STOUR TRUST CIC

Company Number: 12282134 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

General Description of Company’s Activities and Impact.Stour Trust’s Mission is to:Partners with developers and local authorities to secure assets to offer as genuine housing, affordable studios, community and cultural spaces.Promotes creative, artistic and cultural sectors through provision of exhibition spaces, business support, resources, skills development and opportunities.Protect civic and cultural buildings through campaigning and policy change actions.Development of employment and training opportunities.Promote social inclusion & mobility, equality and racial justice through its work Community engagement through location of our projects, prioritising under-represented groups, artists and leaders.Support Community led regeneration through policy and influencing.Partners with developers and local authorities to secure assets to offer as genuine affordable studios, community and cultural spaces.Protect civic and cultural buildings through campaigning and policy change actions.Stour Trust has continued to offer affordable studios to artists through provision of studio spaces across East London. We have also supported another 8 organisations to secure buildings for community use through policy and strategy support.Stour Trust continues to engage closely with 4 local authorities and the Mayor's office to support its strategy to support culture at risk and retain affordability across London.We held 12 workshops with local community groups to support their asset strategy and community engagement.We have supported campaigns and policy development through talks, research and network development. Promotes creative, artistic and cultural sectors through provision of exhibition spaces, business support, resources, skills development and opportunities.Create and support the creation of employment and training opportunities.During the year we continued to support the creative and artistic sector through: --Partnering with creative organisations such as Batsumi and Rise Up to deliver cultural programming that supports people from marginalised backgrounds. -Commissioned 10 artists to produce work that responds the themes of belonging and home-Provided support to 48 young people from under-represented communities to progress their careers and businesses. Promote social inclusion and community engagement.We have supported citizen scientists to map and research their local communities to evidence the gap between regeneration and local people’s needs. This resulted in key evidence around lack of local infrastructure, gaps in provision that allows local people to lead on their solutions to local issues, a feeling of being ignored by decision makers and lack of trust in a joint vision for their community’s future. Local people PolicyStour Trust with partners across the UK are influencing policies around affordable housing, community and cultural spaces. We engage with local authorities while drafting their Local Plans as well as the GLA to ensure inclusivity, equity and an approach that delivers impact for local people. We are keen to ensure ecosystems that serve communities from Black and Minoritised backgrounds are not lost.

Consultation with stakeholders

Consultation with Stakeholders Stour Trust’s stakeholders are tenants, artists or community members served by our spaces. Our wider community and local partners such as other workspace providers, the local authority and education institutions. We hold bi yearly consultations to gather input & feedback on our priorities.Tools we use to make consultation accessible and engaging are local co-designed events, online surveys, one- to -ones and Zoom meetings, A bi monthly newsletter also goes out to members to keep them updated on projects and communicate any upcoming events. The Trust also has a Community Network Driver to activate focus groups to ensure maximum community interaction that can feed into our work.

Directors' remuneration

Directors RemunerationThe aggregate paid or receivable by directors for qualifying services was 38,550There are 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
20 June 2024

And signed on behalf of the board by:
Name: Juliet Can
Status: Director