FLAGZ MAS BAND C.I.C.

Company Registration Number:
09422089 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

FLAGZ MAS BAND C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

FLAGZ MAS BAND C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 49,798 17,705
Cost of sales: ( 54,164 ) ( 15,883 )
Gross profit(or loss): (4,366) 1,822
Administrative expenses: ( 3,063 ) ( 1,878 )
Other operating income: 9,500 0
Operating profit(or loss): 2,071 (56)
Profit(or loss) before tax: 2,071 (56)
Profit(or loss) for the financial year: 2,071 (56)

FLAGZ MAS BAND C.I.C.

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 876 206
Total current assets: 876 206
Creditors: amounts falling due within one year: 3 ( 6,888 ) ( 5,889 )
Net current assets (liabilities): (6,012) (5,683)
Total assets less current liabilities: (6,012) ( 5,683)
Creditors: amounts falling due after more than one year: 4 ( 5,500 ) ( 7,900 )
Total net assets (liabilities): (11,512) (13,583)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (11,513 ) (13,584 )
Total Shareholders' funds: ( 11,512 ) (13,583)

The notes form part of these financial statements

FLAGZ MAS BAND C.I.C.

Balance sheet statements

For the year ending 28 February 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 13 September 2024
and signed on behalf of the board by:

Name: Eon Pyle
Status: Director

The notes form part of these financial statements

FLAGZ MAS BAND C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 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

FLAGZ MAS BAND C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

FLAGZ MAS BAND C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 5,660 4,200
Accruals and deferred income 600 600
Other creditors 628 1,089
Total 6,888 5,889

FLAGZ MAS BAND C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

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

2024 2023
£ £
Bank loans and overdrafts 5,500 7,900
Total 5,500 7,900

COMMUNITY INTEREST ANNUAL REPORT

FLAGZ MAS BAND C.I.C.

Company Number: 09422089 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

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.

Consultation with stakeholders

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.

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
13 September 2024

And signed on behalf of the board by:
Name: Eon Pyle
Status: Director