ROGUE ARTISTS' STUDIOS CIC

Company limited by guarantee

Company Registration Number:
09978139 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

ROGUE ARTISTS' STUDIOS CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

ROGUE ARTISTS' STUDIOS CIC

Directors' report period ended 31 January 2024

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

D Gledhill
M Nash


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
22 July 2024

And signed on behalf of the board by:
Name: D Gledhill
Status: Director

ROGUE ARTISTS' STUDIOS CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 150,928 139,243
Cost of sales: ( 1,836 ) ( 1,808 )
Gross profit(or loss): 149,092 137,435
Administrative expenses: ( 152,853 ) ( 154,761 )
Other operating income: 50 21,556
Operating profit(or loss): (3,711) 4,230
Interest payable and similar charges: ( 356 ) ( 369 )
Profit(or loss) before tax: (4,067) 3,861
Tax: ( 103 ) ( 1,609 )
Profit(or loss) for the financial year: (4,170) 2,252

ROGUE ARTISTS' STUDIOS CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 77,482 70,406
Total fixed assets: 77,482 70,406
Current assets
Cash at bank and in hand: 26,071 41,086
Total current assets: 26,071 41,086
Creditors: amounts falling due within one year: 4 ( 23,773 ) ( 27,542 )
Net current assets (liabilities): 2,298 13,544
Total assets less current liabilities: 79,780 83,950
Total net assets (liabilities): 79,780 83,950
Members' funds
Profit and loss account: 79,780 83,950
Total members' funds: 79,780 83,950

The notes form part of these financial statements

ROGUE ARTISTS' STUDIOS CIC

Balance sheet statements

For the year ending 31 January 2024 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 22 July 2024
and signed on behalf of the board by:

Name: D Gledhill
Status: Director

The notes form part of these financial statements

ROGUE ARTISTS' STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 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. Turnoverincludes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Freehold - NilPlant & Machinery - 10% SLFixtures & Fittings - 33% SL

ROGUE ARTISTS' STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

ROGUE ARTISTS' STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 43,746 46,077 6,729 96,552
Additions 11,684 11,684
Disposals
Revaluations
Transfers
At 31 January 2024 55,430 46,077 6,729 108,236
Depreciation
At 1 February 2023 19,417 6,729 26,146
Charge for year 4,608 4,608
On disposals
Other adjustments
At 31 January 2024 24,025 6,729 30,754
Net book value
At 31 January 2024 55,430 22,052 0 77,482
At 31 January 2023 43,746 26,660 0 70,406

ROGUE ARTISTS' STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 4,604 9,174
Other creditors 19,169 18,368
Total 23,773 27,542

COMMUNITY INTEREST ANNUAL REPORT

ROGUE ARTISTS' STUDIOS CIC

Company Number: 09978139 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

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.

Transfer of assets

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