I60 COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13860253 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

I60 COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

I60 COMMUNITY INTEREST COMPANY

Directors' report period ended 31 January 2024

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

Principal activities of the company

Providing uplifting music workshops and activities for members of the ageing community. We started with Keyboard Lessons for the Over-50's and now (expanded during the financial year) to include African Talking Drums and Percussions.

Political and charitable donations

No donations were received during the financial year in review.

Company policy on disabled employees

During the financial year, we did not have any employees. However, when we start recruiting, we intend to have a robust and wholesome policy on disabled employees.

Additional information

During the year under review, we experimented with making our music workshops intergenerational. Our fun-filled keyboard lessons and African drums & percussion workshops were warmly welcomed by children and their parents! Children, especially, love the cultural and history-learning components of our activities and workshops. We look forward to doing more with children, young people and schools. Hopefully, this will boost our revenue.



Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

Samuel Jonathan


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
2 September 2024

And signed on behalf of the board by:
Name: Samuel Jonathan
Status: Director

I60 COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 968 198
Gross profit(or loss): 968 198
Administrative expenses: ( 12,726 ) ( 15,352 )
Other operating income: 720 8,375
Operating profit(or loss): (11,038) (6,779)
Interest payable and similar charges: ( 3 ) ( 3 )
Profit(or loss) before tax: (11,041) (6,782)
Profit(or loss) for the financial year: (11,041) (6,782)

I60 COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 1 708
Total current assets: 1 708
Net current assets (liabilities): 1 708
Total assets less current liabilities: 1 708
Creditors: amounts falling due after more than one year: 3 ( 11,042 ) ( 7,490 )
Total net assets (liabilities): (11,041) (6,782)
Members' funds
Profit and loss account: (11,041) ( 6,782)
Total members' funds: ( 11,041) (6,782)

The notes form part of these financial statements

I60 COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 January 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 2 September 2024
and signed on behalf of the board by:

Name: Samuel Jonathan
Status: Director

The notes form part of these financial statements

I60 COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 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

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts: Basis of Preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation Currency The accounts are presented in £ sterling.

I60 COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

I60 COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 11,042 7,490
Total 11,042 7,490

Loans from Director.

COMMUNITY INTEREST ANNUAL REPORT

I60 COMMUNITY INTEREST COMPANY

Company Number: 13860253 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Our primary focus is using the power of music to help members of the ageing community to overcome loneliness and isolation, foster togetherness, and improve their overall wellbeing. This is accomplished through our fun-filled music workshops and uplifting music-making activities. During the financial year, we expanded our music-making programmes from just Keyboard Lessons for the Over-50's to African Drums & Percussion Workshops. Additionally, we made our programmes more intergenerational, thereby including children and their families! The manufacturing of bespoke African talking drums, historical percussive instruments and cultural costumes were costly. However, the returns in the lives of beneficiaries and participants of our programmes, remains priceless!

Consultation with stakeholders

Our stakeholders typically include the various Neighbourhood Network Scheme (NNS) branches in and around Birmingham. However, during the financial year in review, we did more of direct consultation with individuals i.e. members of the public and families.

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
12 September 2024

And signed on behalf of the board by:
Name: Samuel Jonathan
Status: Director