POWER OF DRUMS C.I.C.

Company limited by guarantee

Company Registration Number:
11637753 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

POWER OF DRUMS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

POWER OF DRUMS C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 8,259 7,310
Cost of sales: ( 2,018 ) ( 2,639 )
Gross profit(or loss): 6,241 4,671
Administrative expenses: ( 6,883 ) ( 5,292 )
Other operating income: 18
Operating profit(or loss): (624) (621)
Profit(or loss) before tax: (624) (621)
Profit(or loss) for the financial year: (624) (621)

POWER OF DRUMS C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 314 1,145
Total current assets: 314 1,145
Creditors: amounts falling due within one year: 3 ( 702 ) ( 909 )
Net current assets (liabilities): (388) 236
Total assets less current liabilities: (388) 236
Total net assets (liabilities): (388) 236
Members' funds
Profit and loss account: (388) 236
Total members' funds: ( 388) 236

The notes form part of these financial statements

POWER OF DRUMS C.I.C.

Balance sheet statements

For the year ending 31 October 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 9 August 2024
and signed on behalf of the board by:

Name: Andrew Joseph Harris
Status: Director

The notes form part of these financial statements

POWER OF DRUMS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

POWER OF DRUMS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

POWER OF DRUMS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 478 597
Other creditors 224 312
Total 702 909

COMMUNITY INTEREST ANNUAL REPORT

POWER OF DRUMS C.I.C.

Company Number: 11637753 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. Power of Drums CIC provides drumming workshops, drummimg circles and drumming sessions for the community. This is mainly in the Nottingham area but we do venture further afield to surrounding areas; such as Derby, Leicester, Lincoln. We provide our services to a range of types of groups and can adapt our deliveryto suit different types of groups. We also have a regular weekly group which is aimed at mainly adults ans which I do have regular attenders who enjoy the drumming sessions. Here are some examples of groups we have proved drumming services for: IMPACD ( a local community dance group), Ashfield Forum Playdays, Marcus Garvey Community Centre, Bulwell Youth Club, Forever Young CIC, Places for People Housing, Nottingham City Council, Imara, Shelford Women’s Institute, Vicky McClure’s Dementia Choir, University of Nottingham. Five Rivers Childcare.

Consultation with stakeholders

No consultation with stakeholders

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 August 2024

And signed on behalf of the board by:
Name: Andrew Joseph Harris
Status: Director