for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet 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 March 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 April 2023
to
31 March 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
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Total Shareholders' funds: |
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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 March 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 April 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 |
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Depreciation | ||||||
At 1 April 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 March 2024 |
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Net book value | ||||||
At 31 March 2024 |
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At 31 March 2023 |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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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.
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.
No remuneration was received
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