MARCUS INTALEX MUSIC FOUNDATION CIC

Company limited by guarantee

Company Registration Number:
11631884 (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

MARCUS INTALEX MUSIC FOUNDATION CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MARCUS INTALEX MUSIC FOUNDATION CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 212
Total fixed assets: 0 212
Current assets
Debtors: 4 191 300
Cash at bank and in hand: 1,147 113
Total current assets: 1,338 413
Creditors: amounts falling due within one year: 5 ( 1,130 ) ( 2,480 )
Net current assets (liabilities): 208 (2,067)
Total assets less current liabilities: 208 ( 1,855)
Total net assets (liabilities): 208 (1,855)
Members' funds
Profit and loss account: 208 ( 1,855)
Total members' funds: 208 (1,855)

The notes form part of these financial statements

MARCUS INTALEX MUSIC FOUNDATION 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 29 August 2024
and signed on behalf of the board by:

Name: Gawain Forster
Status: Director

The notes form part of these financial statements

MARCUS INTALEX MUSIC FOUNDATION 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

    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: 25% Straight line basis

MARCUS INTALEX MUSIC FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MARCUS INTALEX MUSIC FOUNDATION 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 850 850
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 850 850
Depreciation
At 1 November 2022 638 638
Charge for year 212 212
On disposals
Other adjustments
At 31 October 2023 850 850
Net book value
At 31 October 2023 0 0
At 31 October 2022 212 212

MARCUS INTALEX MUSIC FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Other debtors 191 300
Total 191 300

MARCUS INTALEX MUSIC FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 192
Accruals and deferred income 801 2,480
Other creditors 137
Total 1,130 2,480

MARCUS INTALEX MUSIC FOUNDATION CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Loans to directors

Name of director receiving advance or credit: Gawain Forster
Description of the transaction:
Advance
£
Balance at 31 October 2022 101
Advances or credits made: 788
Advances or credits repaid: 698
Balance at 31 October 2023 191

COMMUNITY INTEREST ANNUAL REPORT

MARCUS INTALEX MUSIC FOUNDATION CIC

Company Number: 11631884 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company engages in music education and the production of music events with live artists and/or DJ’s. Each night time event has a programme of daytime education activity tailored to suit the performances. The education events are free to the community they serve, these tend to be for young people at the start of a career in music, though some events have been aimed at younger children. A couple of events took place in the year with high profile DJ’s, this also included a workshop before each and the workshop and event was filmed. Further interviews took place for a proposed film and a book that the foundation is assisting with – the book is due out towards the end of the next financial year and is on pre-sale at the moment.

Consultation with stakeholders

Our stakeholders are members of the Drum and Bass and electronic music community. There were various discussions around the upcoming film and book, and assisting with interviews, as well as locating articles for both. Other consultation was with DJ’s, producers and festival organisers around possible future events.

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
25 July 2024

And signed on behalf of the board by:
Name: Gawain Forster
Status: Director