DECOLONISE C.I.C.

Company limited by guarantee

Company Registration Number:
11795937 (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

DECOLONISE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

DECOLONISE C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 7,141 12,341
Cost of sales: ( 211 ) ( 1,360 )
Gross profit(or loss): 6,930 10,981
Administrative expenses: ( 7,346 ) ( 10,173 )
Operating profit(or loss): (416) 808
Profit(or loss) before tax: (416) 808
Tax: ( 236 )
Profit(or loss) for the financial year: (416) 572

DECOLONISE C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 2,845 3,411
Total current assets: 2,845 3,411
Net current assets (liabilities): 2,845 3,411
Total assets less current liabilities: 2,845 3,411
Creditors: amounts falling due after more than one year: 3 ( 86 ) ( 236 )
Accruals and deferred income: ( 600 ) ( 600 )
Total net assets (liabilities): 2,159 2,575
Members' funds
Profit and loss account: 2,159 2,575
Total members' funds: 2,159 2,575

The notes form part of these financial statements

DECOLONISE C.I.C.

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 11 October 2024
and signed on behalf of the board by:

Name: Stephanie PHILLIPS
Status: Director

The notes form part of these financial statements

DECOLONISE C.I.C.

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 Financial Reporting Standard 101

DECOLONISE C.I.C.

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

DECOLONISE C.I.C.

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 86 236
Total 86 236

COMMUNITY INTEREST ANNUAL REPORT

DECOLONISE C.I.C.

Company Number: 11795937 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Decolonise Fest is an annual London-based, volunteer-run, non-profit DIY arts and culture festival collectively organised by and for people of colour in the punk scene. Our collective is made up of activists, militant community organisers, musicians, and artists that came together to hold our first festival in 2017. Decolonise Fest centres the experiences of people of colour, who we define this as people who are descended (through one or both parents) from the original inhabitants of Africa, Caribbean, Asia, Middle East, Latin America, Australasia, North America, and the islands of the Atlantic, Pacific and Indian Ocean, and of Romany Gypsy or Traveller heritage. This year we received funding from PRS Open Fund and used the money to start a series of events in cities outside of London. The first happened in November 2023 in Glasgow at the Mono Cafe where we hosted a show featuring local Scottish artists, Kapil Seshasayee, Ray Aggs, and Trishaaa. We were also were a part of Supersonic Festival in Birmingham in September 2023 where we hosted a rooftop takeover, DJ set, and zine making workshop. These activities this year allowed our organisation to both support our community of artists of colour, while also reaching out to people of colour beyond our normal base of London. This year we have succeeded in expanding our operations across the UK and have continued to support and promote the work and validity of people of colour in the punk scene.

Consultation with stakeholders

The company’s stakeholders are its attendees, the musicians that play the event, the speakers and members of the public who offer their services at the event, and the local music community. The directors and members of Decolonise C.I.C. have been part of the local music community collectively for over a decade and have based the outlook and values of the festival on our experiences with our local community. We sent out a survey to our attendees who responded and commented on the atmosphere of our event, our selection of bands, and what we could do to improve in the future.

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
11 October 2024

And signed on behalf of the board by:
Name: Stephanie PHILLIPS
Status: Director