for the Period Ended 29 February 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 29 February 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 March 2023
to
29 February 2024
The directors shown below have held office during the period of
1 March 2023
to
10 November 2023
The director shown below has held office during the period of
15 January 2024
to
10 November 2023
The director shown below has held office during the period of
10 November 2023
to
29 February 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
2024 | 2023 | |
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|
£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
|
Gross profit(or loss): |
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Administrative expenses: |
(
|
(
|
Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Tax: |
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|
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
---|---|---|---|
|
£ |
£ |
|
Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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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: | 4 |
(
|
(
|
Net current assets (liabilities): |
( |
( |
|
Total assets less current liabilities: |
( |
( |
|
Total net assets (liabilities): |
( |
( |
|
Members' funds | |||
Profit and loss account: |
( |
( |
|
Total members' 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 29 February 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
for the Period Ended 29 February 2024
2024 | 2023 | |
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Average number of employees during the period |
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|
for the Period Ended 29 February 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 March 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 29 February 2024 |
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Depreciation | ||||||
At 1 March 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 29 February 2024 |
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Net book value | ||||||
At 29 February 2024 |
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At 28 February 2023 |
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for the Period Ended 29 February 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Other creditors |
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Total |
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The company facilitates and supports young people to progress in creativity. Breaking down barriers that hinder young people from low socio economic accessing creative sectors especially music and performing. The community has benefitted in the following ways Silkfutures has financially supported over 100 young people directly by facilitating and providing recording time at the recording studio, giving specialised mentoring and guidance in the music sector. Silkfutures supported over 250 young people indirectly through workshops and events. During the financial year 2023-2024 the projects have raised aspirations in young people, supported young people into next steps including education and employment, supported young people to connect and build networks in the wider creative community. We have seen a reduction in violence and crime for the young people supported. Silkfutures has created employment for up to 10 young people pursuing a career in the creative industries.
We regularly include young people in consultations about the projects they take part in. To monitor the projects, evaluations are completed at the beginning and end of projects to learn from and to ensure the voices of young people are considered.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
22 August 2024
And signed on behalf of the board by:
Name: Toni Andrews
Status: Director