for the Period Ended 31 August 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional 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 August 2024
Principal activities of the company
Additional information
Review of the Business During the financial year ending 31st August 2024, Open Curtain Theatre Arts CIC has been primarily focused on establishing the foundation for future operations. This has included the development of a comprehensive business plan, defining the company's mission and objectives, and preparing the necessary groundwork for future funding applications. As of this reporting period, the company has not commenced trading and has not generated any income. All activities have been conducted on a voluntary basis by the director of the organization, with no financial transactions recorded during the year. Although the company has not yet started its operations, significant progress has been made in laying the groundwork for its future impact on the community. The director is committed to moving forward with the company’s objectives in the coming year, particularly in securing grants and other funding to begin delivering services and programs that will benefit the community. Future Developments Looking ahead, the company plans to apply for grants and other funding sources to enable it to begin delivering on its mission. The focus for the upcoming year will be on launching the first set of community programs, including workshops, productions, and educational events, aimed at fostering creativity and inclusivity within the London arts scene. Directors The directors who held office during the period were: Obinna OKEKE Directors’ Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Financial Performance As the company has not begun operations or generated income, the financial statements reflect no monetary activity for this period. The directors have voluntarily contributed their time to administrative tasks, with no remuneration. Statement of Disclosure to Auditors In so far as the directors are aware: There is no relevant audit information of which the company's auditor is unaware; and The directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.
Directors
The director shown below has held office during the whole of the period from
18 August 2023
to
31 August 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
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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 August 2024
Basis of measurement and preparation
for the Period Ended 31 August 2024
2024 | ||
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During the financial year ending [Year-End Date], Open Curtain Theatre Arts CIC has not yet commenced trading. The company’s activities were primarily focused on establishing the foundation for future operations, including developing the business plan, defining our mission, and preparing for grant applications. Although no direct community benefits were realized this year, our planned activities will significantly benefit the community by promoting diversity and inclusivity within the performing arts, particularly for underrepresented minorities in London.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
3 September 2024
And signed on behalf of the board by:
Name: Obinna Okeke
Status: Director