WALSALL CREATIVE FACTORY CIC

Company limited by guarantee

Company Registration Number:
08834798 (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

WALSALL CREATIVE FACTORY CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WALSALL CREATIVE FACTORY CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

The Principal activity of the company is to provide a range of educational and artistic activities in community and educational settings in an urban area. Tne company is a non for profit organisation, surpluses if generated will be distributed by way of grants for the above mentioned activities.



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Debra Slade
Ruth Radcliffe
Maxine Hayward Smith
Barbara Precz- Gasior
Jamilla Fazal
Martin Griffiths
Sukanya Patel


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
21 October 2024

And signed on behalf of the board by:
Name: Debra Slade
Status: Director

WALSALL CREATIVE FACTORY CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 7,264 9,350
Total current assets: 7,264 9,350
Creditors: amounts falling due within one year: 3 ( 7,381 ) ( 9,467 )
Net current assets (liabilities): (117) (117)
Total assets less current liabilities: (117) ( 117)
Total net assets (liabilities): (117) (117)
Members' funds
Profit and loss account: (117) ( 117)
Total members' funds: ( 117) (117)

The notes form part of these financial statements

WALSALL CREATIVE FACTORY CIC

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 October 2024
and signed on behalf of the board by:

Name: Debra Slade
Status: Director

The notes form part of these financial statements

WALSALL CREATIVE FACTORY CIC

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 Section 1A (Small Entities) of Financial Reporting Standard 102

WALSALL CREATIVE FACTORY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 7

WALSALL CREATIVE FACTORY CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 7,381 9,467
Total 7,381 9,467

COMMUNITY INTEREST ANNUAL REPORT

WALSALL CREATIVE FACTORY CIC

Company Number: 08834798 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

In the Year January 23 - January 24 Walsall Creative Factory has delivered over 18 workshops per week, Over 10 community events and showcased our community arts activities and art work at a dedicated major exhibition at The New Art Gallery Walsall between Feb 23 - June 23. This was a major boost to our local community who had all this time being celebrated and shown to the world. We continue to build skills in festival arts so our community can put on local events led by us. We are also commissioned to deliver the lantern parade for the festival of lights at The Black Country Living Museum in October 2023. over 100 local people help us make lanterns and have a family trip out to the museum in return for carrying lanterns, helping us be co creators with our community for this event.

Consultation with stakeholders

Our Freelance Art Workers and main volunteers each look after a community group. For every event also for the exhibition they are invited to create their own contribution supported by us, thereby giving ownership to us all. Every quarter we hold a board meeting and an operational with main volunteers and free lancers to look at opportunities looking forward and to plan the next quarters events. Individuals and groups are encouraged to follow up projects and funding opportunities for programmes to animate their groups and create events.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £36870. 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.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 October 2024

And signed on behalf of the board by:
Name: Debra Slade
Status: Director