for the Period Ended 31 January 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2024
Directors
The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Other operating income: | | |
Operating profit(or loss): | ( | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | ( | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2024 | 2023 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Tangible assets: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 January 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 February 2023 | | | | | ||
Additions | | | ||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 January 2024 | | | | | ||
Depreciation | ||||||
At 1 February 2023 | | | | |||
Charge for year | | | ||||
On disposals | ||||||
Other adjustments | ||||||
At 31 January 2024 | | | | |||
Net book value | ||||||
At 31 January 2024 | | | | | ||
At 31 January 2023 | | | | |
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Taxation and social security | | |
Other creditors | | |
Total | | |
During the current accounting period, and as the largest artists’ studios provider in the North, Rogue Artists’ Studios CIC has continued to provide both its studio holder community, the local community in Higher Openshaw and the wider region, as well as the national and international creative community with an invaluable resource in terms of production and exhibition facilities.During 2023, Rogue hosted a full programme of exhibitions and events in its 2 exhibition spaces: the ground floor Project Space and the first floor Platform Space. The aim of the Project Space programme is to provide a platform for ambitious new work by studio artists and to bring new work by artists from further afield to Manchester. The 2023 programme realised these ambitions across a range of exhibitions enabling artists based in the North to develop their career potential; these included solo exhibitions, group shows, collectives and themed exhibitions which attracted substantial press coverage and included a major exhibition of artists ‘T’ shirt designs, the second “Rogue Women’ exhibition, comprising work by artists from Rogue and invited artists from around the UK, and a show by the bOlder collective which promotes the work of older artists. Spark Collective also mounted an ambitious exhibition of work addressing the climate crisis. This exhibition programme brings new work to the studios creating a stimulating environment for studio holders to work in, also facilitating greater cohesion and productivity in the cultural ecology of the region by encouraging collaboration and network building.The more intimate Platform Space is intended to allow Rogue artists to showcase work in progress or to exhibit smaller bodies of work in a supportive but critically informed environment. The 2023 programme featured exhibitions by several studio holders, who were able to stage launch events attracting new audiences for their work.The Residency Cottage accommodated a full calendar of artists and performers facilitating dialogue and collaboration with artists on site. Artists from France, USA and Lithuania were amongst those staying at the cottage as well as dancers and performers working with acclaimed dance company Company Chameleon who are anchor tenants on site at Rogue. Rogue is able to offer this overnight accommodation as a result of Arts Council funding together with an artist’s bequest and our partner arts organisations directly benefit from the affordable rates and cultural environment that Rogue provides. This has resulted in opportunities for our studio holders that would otherwise have been unavailable.Rogue continued to promote its studio holders’ exhibitions, residencies, publications and projects through its monthly e-newsletter and social media accounts and Rogue directors frequently provide references and advice on funding applications to studio holders free of charge. We are currently negotiating a 125 year second lease with Manchester City Council and are designated as a strategic funding priority with Arts Council England.
Key stakeholders at Rogue are the studio holders, Manchester City Council who own the site, and Arts Council England who have funded its conversion to studio space, the opening of the Project Space and the refurbishment of the Residency Cottage. Maintaining regular communication with our stakeholders is a priority for Rogue. We are in frequent contact via email with Manchester City Council officers who frequently visit the site in order to monitor our activities. We are also in regular phone and Zoom contact regarding the negotiation of the new lease and the ongoing maintenance of the site and long-term development of the organisation. We have an appointed relationship manager at Arts Council England (ACE) with whom we meet to plan grant applications, and the development of Rogue as a cultural resource is a strategic priority for ACE.Rogue co-directors are in communication with studio holders via email, dedicated forums including Whatsapp, Facebook and Google groups, and in person at the studios on a daily basis. Any issues are resolved quickly in a co-operative spirit and the running of the studio is informed by the principle of providing the maximum benefit to the group. Studio holders consult directly and immediately with both directors at any time of the day and this availability without appointment speeds the resolution of any issues.
Please see the accounts for details of the Directors’ remuneration as stated under the category ‘Directors Salaries’ in the expenditure section of the ‘Detailed Income and Expenditure Account’. 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.
No transfer of assets other than for full consideration has been made.
This report was approved by the board of directors on
18 July 2024
And signed on behalf of the board by:
Name: D Gledhill
Status: Director