for the Period Ended 31 January 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 January 2024
Principal activities of the company
Additional information
Fiscal responsibility We ended the year with a balance sheet reserve -£270.86. This reflects the fact that the pilot was completed and we were in the process of evaluating and sourcing further funding. Further funding has since been sourced. Our process is to secure funding before commiting resources to a project. We maintain very low overheads in order to remain flexible to demand. As such we are able to continue to adapt the project to the changing environment and ensure we continue to deliver what our community need. Next Year In the coming year we plan to promote mental wealth by continuing to create space for people to gather for art clubs. We will do this by Piloting a family art club Connecting with other organisations to co-produce events that support mental wealth Securing funding in order to offer art clubs consistently over a longer period.
Directors
The directors shown below have held office during the whole of the period from
4 January 2023
to
31 January 2024
The director shown below has held office during the period of
1 April 2023
to
31 January 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
13 months to 31 January 2024 | ||
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Notes | 13 months to 31 January 2024 | ||
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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 31 January 2024
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 January 2024
13 months to 31 January 2024 | ||
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for the Period Ended 31 January 2024
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Our First Year Our first year of operation ended on the 31 January 2024. In this year we sourced grant funding to run a pilot project. The aims of the project were: To provide a safe space for people in Peckham to engage with art as a way of promoting mental health. To evaluate demand for this service. To develop and refine a programme that can be replicated in the future. In October of 2023 we launched our pilot community art club. We hosted a three month art club culminating in an exhibition of the work of our attendees. We welcomed 184 guests over the course. Most sessions were at capacity and feedback was overwhelmingly positive in regards to the impact of sessions
Our stakeholders are primarily the people who attend our sessions. Additionally, there are grant providers, other community organisations and the wider community in South London. As a new CIC, feedback and consultation are a continuous process within our project. Attendees of all art clubs are invited to share how they felt at the beginning and end of the session as well as to offer more detailed feedback. Additionally we are in consultation with other providers with whom we are seeking to build greater partnership. By improving the mental health of as many individuals as possible we aim to enhance our local community.
2. Related Party Transactions During the year, the company engaged in the following transactions with related parties: - £3850 was spent on remuneration paid to or receivable by directors in respect of qualifying services. This includes £3500 to C Dagiloke for the delivery of art classes £350 to J Moyo for financial administrtaion There were no other related party transactions.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
3 October 2024
And signed on behalf of the board by:
Name: Joy Moyo
Status: Director