EAST SIDE PRINT CIC

Company limited by guarantee

Company Registration Number:
13058919 (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

EAST SIDE PRINT CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EAST SIDE PRINT CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 14,179 14,296
Total fixed assets: 14,179 14,296
Current assets
Cash at bank and in hand: 17,835 20,259
Total current assets: 17,835 20,259
Creditors: amounts falling due within one year: 4 ( 12,202 ) ( 15,442 )
Net current assets (liabilities): 5,633 4,817
Total assets less current liabilities: 19,812 19,113
Total net assets (liabilities): 19,812 19,113
Members' funds
Profit and loss account: 19,812 19,113
Total members' funds: 19,812 19,113

The notes form part of these financial statements

EAST SIDE PRINT 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.

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 5 September 2024
and signed on behalf of the board by:

Name: MS L G BRISTOW
Status: Director

The notes form part of these financial statements

EAST SIDE PRINT 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods: Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services: Turnover from the rendering of 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings: 10% per year on a reducing balance basis

    Other accounting policies

    TAXATION Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. COMPANY LIMITED BY GUARANTEE The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

EAST SIDE PRINT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

EAST SIDE PRINT 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 17,522 17,522
Additions 1,458 1,458
Disposals
Revaluations
Transfers
At 31 December 2023 18,980 18,980
Depreciation
At 1 January 2023 3,226 3,226
Charge for year 1,575 1,575
On disposals
Other adjustments
At 31 December 2023 4,801 4,801
Net book value
At 31 December 2023 14,179 14,179
At 31 December 2022 14,296 14,296

EAST SIDE PRINT CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 6,000 6,509
Taxation and social security 160
Other creditors 6,042 8,933
Total 12,202 15,442

COMMUNITY INTEREST ANNUAL REPORT

EAST SIDE PRINT CIC

Company Number: 13058919 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

East Side Print CIC’s aim is to promote the practice of visual arts, particularly screenprinting, printed textiles and photography to people and communities in East Sussex and beyond. We do this by: - Teaching a programme of affordable courses suitable for all abilities, from our studio in Kemptown, Brighton. - Running a membership scheme offering affordable open access sessions for people who want to work independently in the studio. Members also benefit from exhibiting and selling opportunities via our website and other projects. - Providing an outreach programme working with people in the community, particularly those who may face barriers to participation or who cannot come to our studio in Kemptown. From 1st January to 31st December 2023 East Side Print CIC delivered the following: COURSES & WORKSHOP PROGRAMME In 2023 we ran 40 courses, which included 23 short courses (3-5 sessions each), 2 Summer Schools (4 sessions each), 13 Saturday workshops, 1 family session and 1 bespoke workshop. In total we delivered 111 separate class sessions. 104 individuals benefitted from our course programme, several of those people attending more than one course, meaning that in total we had 149 bookings for our courses and workshops. MEMBERSHIP This was our third year operating, and our membership continues to grow, with 49 individuals joining or renewing as members and purchasing a total of 63 payment plans (42 x 4-months, 20 x annual and 1 x 4-months under 26). Members booked 419 Open Access sessions (3 hours each) in the studio - a total of 1,257 printing hours. In March we held a week-long exhibition of our staff and members’ work at the Fishing Quarter Gallery on Brighton’s seafront. The exhibition, called Serigraph, showcased the work of 10 members and 3 staff members, attracted 620 visitors and sold £1,400.00 worth of work. Both these figures exceeded our expectations and, along with the very positive response by everyone who took part, encouraged us to organise more exhibitions in future. In May we participated in the Artists Open House trail. We decided to break with tradition and open for one weekend only, with a private view on the Friday evening. We hung an exhibition of our members and staff’s work in our studio, had 301 visitors in total and made sales of £853.70. On 26th September we hosted a free event for our members to explore papers for screenprinting. We invited along a representative from specialist papermaker GF Smith who delivered a presentation about their range of papers, gave us a stack of papers to sample and a catalogue each, as well as answering our members’ questions. We hope to repeat this event in future and offer more professional development opportunities such as this for our members. In November-December we took part in the Press + Play Tabletop Fair at Phoenix Art Space over the weekend of 9th - 10th December, offering for sale the work of 17 members and staff. We made £681.90 in sales. OUTREACH PROGRAMME/COMMUNITY ACTIVITIES At the end of 2022 we were appointed Artists In Residence for Our Place: Moulsecoomb and Bevendean during the Brighton Festival in May 2023. Including the planning and evaluation stages, we worked on the project from January - June 2023. We worked with 10 community groups, Moulsecoomb Primary school and the whole of Year 7 at BACA secondary school. We facilitated 15 x community workshops, working with a total of 303 participants and creating 600 individual handprinted postcards, 12 hand screenprinted cushions for use in the community and 3 x collaborative banners. The end of the project was marked with a community celebration picnic and outdoor display of the work plus a drop-in workshop. 1 banner is now installed in Moulsecoomb primary school, 1 in BACA secondary school and 1 community banner along with 4 of the cushions is now installed in Moulsecoomb library. 303 participants March 2023: Screenprinting workshop for the Brighton College society. 8 participants March 2023: Drop-in workshop celebrating International Women’s Day for Brighton Dome Heritage, creating suffragette banner inspired screenprints. 38 Participants June 2023 - December 2023: Time To Create free arts and crafts workshops for adults funded by Sussex Community Fund and run in partnership with Brighton and Hove Libraries. We facilitated 18 free weekly arts and crafts workshops for adults and 3 community drop-ins for everyone, with a total of 135 participants. July 2023: Collage workshop for Team Dominica staff. 25 participants October 2023: B.Fest poster printing drop-in workshop at Brighton Youth Club. 29 participants Total participants we engaged with in our community activities: 538

Consultation with stakeholders

We have four main stakeholder groups: - Our Committee Members, who help make decisions about the organisation and check we are fulfilling our community aims. - People who attend our courses - Members who join East Side Print to use the studio facilities independently - People in the community who take part in our outreach programme Our committee members received our regular newsletters throughout the year so were kept up to date on any news and our programme of events. We regularly ask for verbal feedback from students attending our courses and our members to find out how they experience learning and working within the studio. We send out regular newsletters to inform our stakeholders about work we’re involved in and also actively request feedback about the services we are offering and any aspect of the organisation. We gather written feedback from participants of funded projects. As a small organisation we can easily adapt to feedback and make changes based on this.

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
5 September 2024

And signed on behalf of the board by:
Name: MS L G BRISTOW
Status: Director