THE SPECIALIZED PROJECT CIC

Company limited by guarantee

Company Registration Number:
13681691 (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

THE SPECIALIZED PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE SPECIALIZED PROJECT CIC

Balance sheet

As at 31 October 2023

Notes 2023 13 months to 31 October 2022


£

£
Current assets
Cash at bank and in hand: 21,873 8,070
Total current assets: 21,873 8,070
Creditors: amounts falling due within one year: 3 ( 16,090 ) ( 2,032 )
Net current assets (liabilities): 5,783 6,038
Total assets less current liabilities: 5,783 6,038
Total net assets (liabilities): 5,783 6,038
Members' funds
Profit and loss account: 5,783 6,038
Total members' funds: 5,783 6,038

The notes form part of these financial statements

THE SPECIALIZED PROJECT 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 31 July 2024
and signed on behalf of the board by:

Name: Paul Williams
Status: Director

The notes form part of these financial statements

THE SPECIALIZED PROJECT 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

THE SPECIALIZED PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 13 months to 31 October 2022
    Average number of employees during the period 1 1

THE SPECIALIZED PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Creditors: amounts falling due within one year note

2023 13 months to 31 October 2022
£ £
Taxation and social security 1,416
Accruals and deferred income 16,090 616
Total 16,090 2,032

COMMUNITY INTEREST ANNUAL REPORT

THE SPECIALIZED PROJECT CIC

Company Number: 13681691 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The Specialized Project are a creative arts facilitator and events management team. We create and sell music products that raise income for various charities. We arrange concerts that raise income for charities. A musical instrument and resource library dedicated to shared equitable access to restored musical instruments and connecting people through music learning opportunities. Lately we have begun to develop a service that provides assistive technology productsWe have been able to supply free musical instruments to a variety of sources including local schools, arts spaces and some private individuals.We’ve provided assistive technology to a young family who have specific needs about child health. We were able to provide bespoke systems according to the family’s needs

Consultation with stakeholders

Among the company’s stakeholders are those that visit our events, and local producers of music products in the surrounding area. Through our webforms and social media we encourage people to suggest fund raising themes and possible beneficiaries of our services. For example, we have recently been able to supply some assistive technology products as part of our library system. Our internet profile has become key in our forward planning and focused activities.Private individuals and schools respond to requests for feedback during the loan process. This may include requests for additional products and who the service can be best implimented

Directors' remuneration

Directors Remunerations £10,075

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Paul Ayriss
Status: Director