for the Period Ended 30 November 2023
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2023 | 2022 | |
---|---|---|
|
£ |
£ |
Turnover: |
|
|
Cost of sales: |
(
|
(
|
Gross profit(or loss): |
|
( |
Distribution costs: |
|
|
Administrative expenses: |
(
|
(
|
Other operating income: |
|
|
Operating profit(or loss): |
|
( |
Interest receivable and similar income: |
|
|
Interest payable and similar charges: |
|
|
Profit(or loss) before tax: |
|
( |
Tax: |
|
|
Profit(or loss) for the financial year: |
|
( |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
|
£ |
£ |
|
Fixed assets | |||
Intangible assets: |
|
|
|
Tangible assets: |
|
|
|
Investments: |
|
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Stocks: |
|
|
|
Cash at bank and in hand: |
|
|
|
Investments: |
|
|
|
Total current assets: |
|
|
|
Prepayments and accrued income: |
|
|
|
Creditors: amounts falling due within one year: | 3 |
(
|
(
|
Net current assets (liabilities): |
|
( |
|
Total assets less current liabilities: |
|
( |
|
Creditors: amounts falling due after more than one year: |
|
|
|
Provision for liabilities: |
|
|
|
Accruals and deferred income: |
|
|
|
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 30 November 2023
Basis of measurement and preparation
for the Period Ended 30 November 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 30 November 2023
2023 | 2022 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts |
|
|
Amounts due under finance leases and hire purchase contracts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Total |
|
|
The Ramsgate festival of Sound CIC celebrates local talent, the landscape and the community by programming a variety of music and cultural events in late August. Local artists and performers are hired to perform in local venues in order to create a unique experience to provide a legacy, boosting local pride and the financial economy in the local area, which is in need of financial aid. The local community suffers from a lack of funds and young people have little to aspire to. By creating at festival that is both entertaining and inspiring, with many events free to attend, we are able to shine a light on the creative industries and event production (and the jobs available in these sectors) as well as breathing new life into some of it’s beautiful but neglected architecture, therefore showcasing the local area for the benefit of the local community.
Arts Council of England – we receive funding from this organisation before the event and then send them a report post event to explain the successes of the event and any lessons learned along the way, including data as required. Ramsgate Town Council (part of Thanet District Council) – we are awarded funds from the local council and in return provide them with a report to give feedback as to how the event went, highlighting the successes and any potential improvements. Kent County Council Community Fund – we are awarded funds and in return have to complete a report detailing how the event went in terms of attendance etc. Awards For All – we are awarded this grant to help the local community. High Street Regeneration - we are awarded this fund as a part of the regeneration of the local area. La Marzocco - this high end coffee machine company is our main sponsor again this year, and we provide them with data and metrics from our social media and online activity. They attend the event in order to see for themselves how well the event goes and the promotion of their brand throughout the event and across all platforms.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
19 August 2024
And signed on behalf of the board by:
Name: Gemma Dempsey
Status: Director