WEDRUM CIC

Company limited by guarantee

Company Registration Number:
13657386 (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

WEDRUM 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

WEDRUM CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 13 months to 31 October 2022


£

£
Turnover: 125 1,500
Gross profit(or loss): 125 1,500
Administrative expenses: ( 9,196 ) ( 632 )
Other operating income: 8,941
Operating profit(or loss): (130) 868
Profit(or loss) before tax: (130) 868
Tax: ( 194 )
Profit(or loss) for the financial year: (130) 674

WEDRUM CIC

Balance sheet

As at 31 October 2023

Notes 2023 13 months to 31 October 2022


£

£
Fixed assets
Tangible assets: 3 738 869
Total fixed assets: 738 869
Current assets
Cash at bank and in hand: 14,736 478
Total current assets: 14,736 478
Creditors: amounts falling due within one year: 4 ( 14,930 ) ( 673 )
Net current assets (liabilities): (194) (195)
Total assets less current liabilities: 544 674
Total net assets (liabilities): 544 674
Members' funds
Profit and loss account: 544 674
Total members' funds: 544 674

The notes form part of these financial statements

WEDRUM 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 31 July 2024
and signed on behalf of the board by:

Name: Joseph William Allen
Status: Director

The notes form part of these financial statements

WEDRUM 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 Financial Reporting Standard 101

WEDRUM 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

WEDRUM 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 1,022 1,022
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 1,022 1,022
Depreciation
At 1 November 2022 153 153
Charge for year 131 131
On disposals
Other adjustments
At 31 October 2023 284 284
Net book value
At 31 October 2023 738 738
At 31 October 2022 869 869

WEDRUM CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 31 October 2022
£ £
Taxation and social security 194 194
Accruals and deferred income 14,736 479
Total 14,930 673

COMMUNITY INTEREST ANNUAL REPORT

WEDRUM CIC

Company Number: 13657386 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

WeDrum continues to provide musical opportunities to young people living in Suffolk, many facing barriers to music making.In spring 2023, the company were awarded project grants by the Youth Music charity and Stowmarket town council to run a pilot project to trial and test new ways of working, develop the organisation as well as establishing and strengthening partnerships with local schools and other organisations.The “WeDrum Stowmarket” project provided opportunities at Stowmarket High school, Stowupland High school, The John Peel centre, The Mix, The Mulberry Unit (SEND provider), Thrive (alternative provider) and Olive AP (Pupil Referal Unit).These opportunities were new, fresh and unique. Over 750 young people aged 12-18 engaged, facing barriers such as economic deprivation, english as an additional language, special educational needs, LGBTQ+, mental ill health, excluded from school and more.These members of these community developed musical and social skills, enjoyed new experiences (including taking part in Stowmarket Carnival), raised their self confidence, aspirations amongst many other benefits.The project continues in 23-24

Consultation with stakeholders

WeDrum’s stakeholders are our participants, our project partners and our funders.Every session is, in large part, participant led. Our music leaders are in constant verbal consultation with young people regarding the activity, taking on and acting on their feedback. Our participants complete termly and end of project questionnaires.As part of “WeDrum Stowmarket” we formed a steering group made up of young people representing different strands of the project; each partner school and community setting for example. This group met termly and discussed various aspect of the project. For example, itwas raised that participants felt a drumming technique warm up routine would be beneficial to their development. This was subsequently included in session and proved to be veryconstructive.Project partners were consulted through session debriefs, reflections and termly meetings. In the case of an alternative provision, it was suggested that participants were ready to move from a 1:1 to a group session, which was successful.When “WeDrum Stowmarket” is complete, we submit a full project evaluation to Youth Music, who request certain information and may give feedback on this information.

Directors' remuneration

Remuneration has been received:Fees for project delivery services £7,229.98

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: Joseph William Allen
Status: Director