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
Directors
The directors shown below have held office during the whole of the period from
1 February 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
2024 | 2023 | |
---|---|---|
|
£ |
£ |
Turnover: |
|
|
Cost of sales: |
(
|
(
|
Gross profit(or loss): |
|
|
Administrative expenses: |
(
|
(
|
Operating profit(or loss): |
|
( |
Profit(or loss) before tax: |
|
( |
Tax: |
(
|
|
Profit(or loss) for the financial year: |
|
( |
As at
Notes | 2024 | 2023 | |
---|---|---|---|
|
£ |
£ |
|
Fixed assets | |||
Tangible assets: | 3 |
|
|
Total fixed assets: |
|
|
|
Current assets | |||
Debtors: | 4 |
|
|
Cash at bank and in hand: |
|
|
|
Total current assets: |
|
|
|
Creditors: amounts falling due within one year: | 5 |
(
|
(
|
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 31 January 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
Average number of employees during the period |
|
|
for the Period Ended 31 January 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
---|---|---|---|---|---|---|
Cost | £ | £ | £ | £ | £ | £ |
At 1 February 2023 |
|
|
||||
Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 January 2024 |
|
|
||||
Depreciation | ||||||
At 1 February 2023 |
|
|
||||
Charge for year |
|
|
||||
On disposals | ||||||
Other adjustments | ||||||
At 31 January 2024 |
|
|
||||
Net book value | ||||||
At 31 January 2024 |
|
|
||||
At 31 January 2023 |
|
|
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Other debtors |
|
|
Total |
|
for the Period Ended 31 January 2024
2024 | 2023 | |
---|---|---|
£ | £ | |
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
Total |
|
|
During 2023 the Medway Open Studios & Arts Festival directors maintained a regular presence at local strategic and cultural meetings, including consultation on Medway’s Cultural Strategy development and involvement in Historic England and Medway Council’s High Street Heritage Action Zone programme in Chatham Intra. We maintained social media and email communication to promote arts activities and opportunities in Medway. In July 2023 we organised our 11th summer open studios festival, with over 200 artists taking part, across 28 venues. We gained sponsorship and advertisers for the festival booklet. The Medway Open Studios & Arts Festival took place Sat 1st – Sun 9th July and was enthusiastically received by the public. Visitors enjoyed seeing behind the scenes where art is made locally. This year, director Heather Burgess took leave of absence, and the festival was organised by directors Wendy Daws and Xtina Lamb. Artists were supported with printed materials and a social meet up at Intra Arts to help them think through approaches that would help them to get the most out of the festival. They were provided with custom signage for their venues, and contributed to a Tips Zine to share their favourite ways to engage with visitors, encourage audiences and enjoy the festival. We held a launch party for the festival participants and guests at the Moat House coffee shop in Rochester.
Our stakeholders are: artists, schools, colleges, galleries, public visitors, local authority partners, and the local creative community. Throughout the year we were in regular communication with all the artists taking part in the festival and we shared a feedback survey for everyone to complete after the event. The feedback is taken onboard for the planning of the 2024 festival. The directors met regularly to discuss future plans for the festival.
Heather Burgess - £0 no remuneration was received Ed Gransden - £0 no remuneration was received Wendy Daws - £0 no remuneration was received Christina Lamb - £140 was received There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 October 2024
And signed on behalf of the board by:
Name: Christina Lamb
Status: Director