ARTONOMY PROJECTS C.I.C.

Company limited by guarantee

Company Registration Number:
11813206 (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

ARTONOMY PROJECTS C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

ARTONOMY PROJECTS C.I.C.

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The principal activity of the company during the year under review was Artistic education



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

H. Pillai
S. Pillai


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
7 October 2024

And signed on behalf of the board by:
Name: H. Pillai
Status: Director

ARTONOMY PROJECTS C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 13,588 11,905
Cost of sales: ( 3,454 ) ( 2,525 )
Gross profit(or loss): 10,134 9,380
Administrative expenses: ( 9,672 ) ( 9,266 )
Operating profit(or loss): 462 114
Profit(or loss) before tax: 462 114
Tax: ( 86 ) 18
Profit(or loss) for the financial year: 376 132

ARTONOMY PROJECTS C.I.C.

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 348 279
Total fixed assets: 348 279
Current assets
Debtors: 4 43 772
Cash at bank and in hand: 3,175 524
Total current assets: 3,218 1,296
Creditors: amounts falling due within one year: 5 ( 2,077 ) ( 475 )
Net current assets (liabilities): 1,141 821
Total assets less current liabilities: 1,489 1,100
Creditors: amounts falling due after more than one year: 6 ( 857 ) ( 857 )
Provision for liabilities: ( 66 ) ( 53 )
Total net assets (liabilities): 566 190
Members' funds
Profit and loss account: 566 190
Total members' funds: 566 190

The notes form part of these financial statements

ARTONOMY PROJECTS 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 7 October 2024
and signed on behalf of the board by:

Name: H. Pillai
Status: Director

The notes form part of these financial statements

ARTONOMY PROJECTS 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the Company; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Furniture, fittings and equipment 25% reducing balance

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

ARTONOMY PROJECTS 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

ARTONOMY PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 662 662
Additions 185 185
Disposals
Revaluations
Transfers
At 28 February 2024 847 847
Depreciation
At 1 March 2023 383 383
Charge for year 116 116
On disposals
Other adjustments
At 28 February 2024 499 499
Net book value
At 28 February 2024 348 348
At 28 February 2023 279 279

ARTONOMY PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 43 772
Total 43 772

ARTONOMY PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 126 53
Accruals and deferred income 1,951 422
Total 2,077 475

ARTONOMY PROJECTS C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2024

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

2024 2023
£ £
Other creditors 857 857
Total 857 857

COMMUNITY INTEREST ANNUAL REPORT

ARTONOMY PROJECTS C.I.C.

Company Number: 11813206 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Artonomy Projects was set up in 2019 to provide regular and ongoing creative activities to children and young people and their families. Many of our families home-educate so even when the lockdown was eased many other activities did not restart. We were able to continue to provide a point of contact for these isolated families. As a result of the Covid19 pandemic the way in which we usually work changed to enable the continuing of workshops for as many young people as possible. We ran live video call workshops, sent out art packs and as restrictions lifted delivered ‘blended’ sessions. This way of working has continued since the easing of restrictions so that those families that either remain too anxious to attend a group or live too far away can also attend. We also run individual workshops or sibling only workshops for young people who feel unable to attend a group session due to anxiety. Over the financial year 2022-2023 Artonomy Projects has: Designed and delivered 5 creative workshops every week for 3x 12 week blocks for 30 children and young people aged 5-14 from the home-educating community and 10 from the wider community. Provided 1:1 workshops for 3 young people Produced 3 exhibitions showcasing the work of the children young people attending our workshops. Opportunities to exhibit work are not regularly available elsewhere and often include an element of competition. All children and young people involved with Artonomy Projects can showcase their work without competition. These events are open to the children’s families and friends and not only develop self-esteem for the children but as social events build a sense of community for the home-educating families. Designed and delivered a C.P.D workshop for teachers from local schools on how to embed art in the wider curriculum

Consultation with stakeholders

Our stake holders are the children and young people and their families that attend our creative workshops and the wider home-education community for whom we wish to develop more opportunities to access creative workshops. Parents and carers often remain in the sessions and this provides opportunities to have continuous discussion of the needs of the participants and action is taken when it is necessary. Many of our families have been attending workshops on a continuous basis for several years and we have found this method the most effective as the families feel involved in any decisions and feel able to make suggestions for all aspects of the workshops including content. The children are also invited to and feel able to offer requests and ideas and have expressed a preference to do this verbally. We have not had any formal consultation or made any formal request for feedback. However, we have had lots of anecdotal feedback verbally and also over email. All has been very positive.

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
7 October 2024

And signed on behalf of the board by:
Name: H Pillai
Status: Director