BANGDRUM CIC

Company Registration Number:
07386851 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

BANGDRUM CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

BANGDRUM CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

Cultural education, Other education not elsewhere classified, Performing arts, Support activities to performing arts



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Eraldo De Sa MARQUES
Leon Patel


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
9 September 2024

And signed on behalf of the board by:
Name: Eraldo De Sa MARQUES
Status: Director

BANGDRUM CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 59,369 79,318
Cost of sales: ( 44,614 ) ( 50,225 )
Gross profit(or loss): 14,755 29,093
Distribution costs: 0 0
Administrative expenses: ( 13,282 ) ( 26,913 )
Other operating income: 0 0
Operating profit(or loss): 1,473 2,180
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 1,473 2,180
Tax: ( 302 ) ( 437 )
Profit(or loss) for the financial year: 1,171 1,743

BANGDRUM CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,710 1,829
Total fixed assets: 1,710 1,829
Current assets
Debtors: 4 382 7,324
Cash at bank and in hand: 60,752 58,833
Total current assets: 61,134 66,157
Creditors: amounts falling due within one year: 5 ( 16,899 ) ( 23,212 )
Net current assets (liabilities): 44,235 42,945
Total assets less current liabilities: 45,945 44,774
Total net assets (liabilities): 45,945 44,774
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 45,943 44,772
Total Shareholders' funds: 45,945 44,774

The notes form part of these financial statements

BANGDRUM CIC

Balance sheet statements

For the year ending 31 March 2024 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 9 September 2024
and signed on behalf of the board by:

Name: Eraldo De Sa MARQUES
Status: Director

The notes form part of these financial statements

BANGDRUM CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 20% Straight Line, Fixtures and Fittings 20%, Straight Line Plant and Machinery 20% Straight Line

BANGDRUM CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BANGDRUM CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 20,770 18,076 38,846
Additions 316 316
Disposals
Revaluations
Transfers
At 31 March 2024 21,086 18,076 39,162
Depreciation
At 1 April 2023 20,770 16,247 37,017
Charge for year 63 372 435
On disposals
Other adjustments
At 31 March 2024 20,833 16,619 37,452
Net book value
At 31 March 2024 253 1,457 1,710
At 31 March 2023 0 1,829 1,829

BANGDRUM CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 7,043
Prepayments and accrued income 139 138
Other debtors 243 143
Total 382 7,324

BANGDRUM CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 7,602 2,477
Taxation and social security 4,046 3,484
Accruals and deferred income 5,250 17,250
Other creditors 1 1
Total 16,899 23,212

COMMUNITY INTEREST ANNUAL REPORT

BANGDRUM CIC

Company Number: 07386851 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

BangDrum CIC has had a fantastic year of activity that has helped to support our community through high quality creative activity including; workshops, performances, musical equipment and training to schools, communities, arts organisations, charities and individuals. This work has included development in music, visual arts, dance, theatre, organisational development and safeguarding young people. We have reinvested heavily into the local community using surplus from contracts to provide out of school opportunities to young people in Greater Mcr. This has included further developing our studio offer at 'The Vale' including the development of a year round programme of activity hands on training and events for young artists. This has included the continuation of our work on 'Vale Sounds' offering 'on the job' training and development opportunities in music, production and music tec training leading to career paths within the organisation. We have also now offer free rehearsal space, equipment hire and technical support to young Vale Sound Alumni who which to continue their study. We are proud to see young people further developing their skills to be able to perform new work across the local area as a result. We are delighted to have been able to increase our music services offer to further schools in Greater Manchester and looking forward to building on these connections for the year ahead. This year we are hoping to increase our funded income to be able to support more young people and adults to engage with positive healthy activity.

Consultation with stakeholders

Our stakeholders are members of the local community including adults and young people. We also work with several national stakeholders who develop similar work across the UK as well as a network of five community arts organisations based at our centre. In addition our delivery and artist team are also key stakeholders. This means that everyone involved in the delivery of the project as well as participants / beneficiaries of our work all feedback and input into the services we provide. We insure that all the activity we deliver is fully evaluated with feedback and suggestions from stakeholders clearly noted. This feedback and consultation is used to inform our services and make sure we are making the biggest impact in our local community and the quality of the work we deliver. Feedback has been gathered in the form of written evaluation, observation, group consultation and discussion as well as learning from other organisations.

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
9 September 2024

And signed on behalf of the board by:
Name: Leon Patel
Status: Director