ROPEON! CIC

Company limited by guarantee

Company Registration Number:
SC642172 (Scotland)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

ROPEON! CIC

Contents of the Financial Statements

for the Period Ended 30 September 2023

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

ROPEON! CIC

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Principal activities of the company

The company's principal activity during the year continued to be supporting performance arts.



Directors

The director shown below has held office during the whole of the period from
1 October 2022 to 30 September 2023

Mr Alberto Santos Bellido


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
23 September 2024

And signed on behalf of the board by:
Name: Mr Alberto Santos Bellido
Status: Director

ROPEON! CIC

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 5,430 1,668
Cost of sales: ( 3,964 ) ( 1,647 )
Gross profit(or loss): 1,466 21
Administrative expenses: ( 108 ) ( 35 )
Operating profit(or loss): 1,358 (14)
Profit(or loss) before tax: 1,358 (14)
Tax: ( 89 )
Profit(or loss) for the financial year: 1,269 (14)

ROPEON! CIC

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 3,608 2,346
Total current assets: 3,608 2,346
Creditors: amounts falling due within one year: 3 ( 89 ) ( 483 )
Net current assets (liabilities): 3,519 1,863
Total assets less current liabilities: 3,519 1,863
Total net assets (liabilities): 3,519 1,863
Members' funds
Profit and loss account: 3,519 1,863
Total members' funds: 3,519 1,863

The notes form part of these financial statements

ROPEON! CIC

Balance sheet statements

For the year ending 30 September 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 23 September 2024
and signed on behalf of the board by:

Name: Mr Alberto Santos Bellido
Status: Director

The notes form part of these financial statements

ROPEON! CIC

Notes to the Financial Statements

for the Period Ended 30 September 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings: over 50 years Leasehold land and buildings: over the lease term Plant and machinery: over 5 years Fixtures, fittings, tools and equipment: over 5 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

ROPEON! CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

ROPEON! CIC

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 483
Taxation and social security 89
Total 89 483

COMMUNITY INTEREST ANNUAL REPORT

ROPEON! CIC

Company Number: SC642172 (Scotland)

Year Ending: 30 September 2023

Company activities and impact

During this financial year, Rope On! CIC has continued to make a positive impact on the Edinburgh community through a variety of activities. We have maintained our support for local performative events by providing accessible rehearsal and practice spaces, as well as organizing workshops and tuition sessions for community members. Building on our previous efforts, we have continued our regular monthly events and also our second educational event that runs quarterly. In addition, we have increased the number of workshops taught by both local practitioners and guest teachers from other regions. This expansion has enriched the learning opportunities available to the community and fostered greater connections within the performative arts scene. Rope On! CIC's activities have benefited the community in the following ways: Enhanced Access to Creative Opportunities: Local residents have been able to attend workshops, practice sessions, and performances more frequently, engaging in creative activities that were less accessible before. Community Building: The hub created by Rope On! CIC has enabled community members to forge connections with both local performers and those from further afield, strengthening the local arts network. Platform for Talent Development: We have provided a platform for performance and education to both local community members and educators from the wider national community. Through these initiatives, Rope On! CIC has contributed to the cultural enrichment of the community, supported the development of local talent, and encouraged increased participation in the arts.

Consultation with stakeholders

The company’s stakeholders are local residents. The director of the company has lived in Edinburgh for a number of years and developed the business model for the company based on his experience of talking to other local residents and extensive research on how this kind of company operates in other communities and countries. The feedback with the community is constant, Rope On! CIC’s channels of communication are always open and always happy to take on the community’s feedback and suggestions to keep improving the service it provides. Stakeholders are consulted each and every time a decision affecting the company has to be made. Votes were held to consult with stakeholders on a range of policies including inclusion and diversity, safeguarding members, learning syllabus requirements, choice of teachers, change of venues, and future plans for the company.

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
23 September 2024

And signed on behalf of the board by:
Name: Iain Galloway
Status: Director