VIRTUAL FUTURES (EST.1994) C.I.C.

Company limited by guarantee

Company Registration Number:
10690589 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

VIRTUAL FUTURES (EST.1994) C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2023

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

VIRTUAL FUTURES (EST.1994) C.I.C.

Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal activities of the company

The principal activity of the company is runs a series of public-events that help audiences develop a greater understanding of the role of science and technology in society and culture.



Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Luke Robert Mason
Daniel Finbarr John O'Hara


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
31 July 2024

And signed on behalf of the board by:
Name: Luke Robert Mason
Status: Director

VIRTUAL FUTURES (EST.1994) C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2023

2023 2022


£

£
Turnover: 128 42
Cost of sales: ( 73 ) 0
Gross profit(or loss): 55 42
Distribution costs: 0 0
Administrative expenses: ( 922 ) ( 718 )
Other operating income: 0 0
Operating profit(or loss): (867) (676)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 ( 8 )
Profit(or loss) before tax: (867) (684)
Tax: 0 0
Profit(or loss) for the financial year: (867) (684)

VIRTUAL FUTURES (EST.1994) C.I.C.

Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 25 959
Total current assets: 25 959
Creditors: amounts falling due within one year: 3 ( 2,058 ) ( 2,125 )
Net current assets (liabilities): (2,033) (1,166)
Total assets less current liabilities: (2,033) ( 1,166)
Total net assets (liabilities): (2,033) (1,166)
Members' funds
Profit and loss account: (2,033) ( 1,166)
Total members' funds: ( 2,033) (1,166)

The notes form part of these financial statements

VIRTUAL FUTURES (EST.1994) C.I.C.

Balance sheet statements

For the year ending 30 June 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 31 July 2024
and signed on behalf of the board by:

Name: Luke Robert Mason
Status: Director

The notes form part of these financial statements

VIRTUAL FUTURES (EST.1994) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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

VIRTUAL FUTURES (EST.1994) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

VIRTUAL FUTURES (EST.1994) C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,917 1,984
Taxation and social security 141 141
Total 2,058 2,125

COMMUNITY INTEREST ANNUAL REPORT

VIRTUAL FUTURES (EST.1994) C.I.C.

Company Number: 10690589 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

Virtual Futures (VF) hosts an archive of public-events that help audiences develop a greater understanding of the role of science and technology in society and culture.During the financial year 2022-2023 the company’s activities have benefited the community in the following ways:VF maintained its archive (video & audio) enabling the company to continue to reach online audiences. This media-content is made freely available under a Creative Commons Licence (CC BY-NC 3.0) for the community to use, build upon and remix in their own work or practice. Efforts were made to increase accessibility by transcribing content and providing closed-captioning.

Consultation with stakeholders

Virtual Futures’ stakeholders are artists, early-career researchers, scientists, students, social innovators, academic theorists and members of the public concerned with issues that arise from scientific innovation and emerging technology.Staff who work for VF do so as volunteers and assist in delivering our projects. As such, it is important that VF’s key stakeholders feel a sense of shared ownership of VF and its outputs. VF regularly consults with alumni including past speakers and previous contributors through an on-going dialogue. This feedback has enabled a more nuanced understanding of some of the debates the company chooses to host, and directly informs the curation of our events series.In addition, VF engages with the community through digital media channels such as mailing lists and social media allowing the company to actively seek input and feedback from the wider online audience.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Luke Robert Mason
Status: Director