SOUTH DEVON STREET-BAND CIC

Company limited by guarantee

Company Registration Number:
13808072 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SOUTH DEVON STREET-BAND CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

SOUTH DEVON STREET-BAND CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Vincent Touret
Penny Carter
Tom Edie
Naomi Hullat
Marie-Christine Brazier


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
14 June 2024

And signed on behalf of the board by:
Name: Vincent Touret
Status: Director

SOUTH DEVON STREET-BAND CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 4,240 8,788
Cost of sales: ( 3,452 ) ( 3,551 )
Gross profit(or loss): 788 5,237
Administrative expenses: ( 1,317 ) ( 1,274 )
Operating profit(or loss): (529) 3,963
Profit(or loss) before tax: (529) 3,963
Tax: ( 638 )
Profit(or loss) for the financial year: (529) 3,325

SOUTH DEVON STREET-BAND CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 941 619
Total fixed assets: 941 619
Current assets
Cash at bank and in hand: 2,080 3,569
Total current assets: 2,080 3,569
Creditors: amounts falling due within one year: 4 ( 225 ) ( 863 )
Net current assets (liabilities): 1,855 2,706
Total assets less current liabilities: 2,796 3,325
Total net assets (liabilities): 2,796 3,325
Members' funds
Profit and loss account: 2,796 3,325
Total members' funds: 2,796 3,325

The notes form part of these financial statements

SOUTH DEVON STREET-BAND CIC

Balance sheet statements

For the year ending 31 December 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.

This report was approved by the board of directors on 14 June 2024
and signed on behalf of the board by:

Name: Vincent Touret
Status: Director

The notes form part of these financial statements

SOUTH DEVON STREET-BAND CIC

Notes to the Financial Statements

for the Period Ended 31 December 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 for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

SOUTH DEVON STREET-BAND CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

SOUTH DEVON STREET-BAND CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 825 825
Additions 583 583
Disposals
Revaluations
Transfers
At 31 December 2023 1,408 1,408
Depreciation
At 1 January 2023 206 206
Charge for year 261 261
On disposals
Other adjustments
At 31 December 2023 467 467
Net book value
At 31 December 2023 941 941
At 31 December 2022 619 619

SOUTH DEVON STREET-BAND CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 638
Other creditors 225 225
Total 225 863

COMMUNITY INTEREST ANNUAL REPORT

SOUTH DEVON STREET-BAND CIC

Company Number: 13808072 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company is running a youth Street-Band with 20 children from our local villages and performed publicly for 5 community events and employed 1 part time free-lance musician. It has provided: - Free music tuition, very cheap street-music and choreographic work-shops. 30 sessions during the school year - free access to a variety of musical instruments and with possibility to rent one very cheaply. The company bought those instruments - specific compositions specially commissioned by the company for the Street-band by a local musician - Performed 7 public concerts for free community events in the villages around, between 200 and 600 people at each performances - employed 1 local professional musician part-time

Consultation with stakeholders

We do not have Stakeholders

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £3,840. There was 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

This report was approved by the board of directors on
28 June 2024

And signed on behalf of the board by:
Name: Vincent Touret
Status: Director