THE INDEPENDENT MUSIC SUPPORT CIC

Company limited by guarantee

Company Registration Number:
13715970 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

THE INDEPENDENT MUSIC SUPPORT CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE INDEPENDENT MUSIC SUPPORT CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

The principal activity of the company in the year under review was that of charitable services.



Directors

The director shown below has held office during the whole of the period from
1 December 2022 to 30 November 2023

Adrian Norman


The director shown below has held office during the period of
1 December 2022 to 28 November 2023

Georgia Rosamond Riley


The director shown below has held office during the period of
28 November 2023 to 30 November 2023

Petrina Smith


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
30 August 2024

And signed on behalf of the board by:
Name: Adrian Norman
Status: Director

THE INDEPENDENT MUSIC SUPPORT CIC

Balance sheet

As at 30 November 2023

Notes 2023 13 months to 30 November 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 491 557
Cash at bank and in hand: 2,303 2,598
Investments:   0 0
Total current assets: 2,794 3,155
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 2,533 ) ( 2,383 )
Net current assets (liabilities): 261 772
Total assets less current liabilities: 261 772
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 261 772
Members' funds
Profit and loss account: 261 772
Total members' funds: 261 772

The notes form part of these financial statements

THE INDEPENDENT MUSIC SUPPORT CIC

Balance sheet statements

For the year ending 30 November 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 30 August 2024
and signed on behalf of the board by:

Name: Adrian Norman
Status: Director

The notes form part of these financial statements

THE INDEPENDENT MUSIC SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services. Turnover from the rendering of charitable services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

THE INDEPENDENT MUSIC SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 13 months to 30 November 2022
    Average number of employees during the period 0 0

THE INDEPENDENT MUSIC SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Debtors

2023 13 months to 30 November 2022
£ £
Trade debtors 146 212
Prepayments and accrued income 0 0
Other debtors 345 345
Total 491 557
Debtors due after more than one year: 0 0

THE INDEPENDENT MUSIC SUPPORT CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 13 months to 30 November 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 181 181
Accruals and deferred income 0 0
Other creditors 2,352 2,202
Total 2,533 2,383

COMMUNITY INTEREST ANNUAL REPORT

THE INDEPENDENT MUSIC SUPPORT CIC

Company Number: 13715970 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

The CIC operates a fundraising lottery - The Music Lotto - in partnership with an External Lottery Manager. The proceeds will be used to support music charities, artists and venues locally and nationally, in particular those involved in the creation and promotion of independent music. The CIC will benefit the wider community by enabling the continued existence of music venues which enable people to enjoy live music, and which also contribute to the economy by (for example) employing staff.

Consultation with stakeholders

No consultation with stakeholders

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
30 August 2024

And signed on behalf of the board by:
Name: Adrian Norman
Status: Director