for the Period Ended 28 February 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
( |
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
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( |
Profit(or loss) before 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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£ |
£ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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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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Creditors: amounts falling due after more than one year: | 4 |
(
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(
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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: |
( |
( |
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 28 February 2024
Basis of measurement and preparation
for the Period Ended 28 February 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 28 February 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 28 February 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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Over the past year we have and continue to provide activities and deliver outcomes that reflect our key aim of providing young people from inner city communities with a place to develop their creative and personal skills in a positive environment, providing them with access to training, holistic development and real-world opportunities within the creative industries via the hook of carnival. We continue to deliver multiple outreach programmes in London, Birmingham and Manchester and Jersey. We have increased the focus of our national offer on grassroots talent development and showcasing to more fully deliver on our commitment to supporting and celebrating artistic excellence. We further enhanced our engagement and reach by strengthening our partnership network with youth and arts organisations at the grassroots level. Our 2024/5 business and activity plans continue to be developed in sustained consultation with experienced volunteers, staff and consultants, and with feedback from our participants and youth audiences. Moving forward, alongside developing and running our core Programme, we are able to diversify our income through education sales, refreshing and redeveloping our educational resources and activities. The demand for motivating young people in a way that is culturally relevant is one we feel well placed to respond to.
Our stakeholders are our members, suppliers, partners, youth groups and volunteers. We had an online meeting in September 2023, where we discussed the impact of taking part in the 2023 Notting Hill Carnival and the effect it had on us all, both physically and mentally. Through discussions with members and stakeholders, the decision was made to not take part in the 2024 Notting Hill Carnival. We agreed to use our resources to continue to work on our community projects as we continue to review our business model and structure. Taking previous discussions into consideration we have decided to bring in a creative director and a whole new media, design and production team, made up of young people who are passionate to showcase their talent through our organisation.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 September 2024
And signed on behalf of the board by:
Name: Eon Pyle
Status: Director