MAKING THEATRE GAINING SKILLS C.I.C.

Company limited by guarantee

Company Registration Number:
08524680 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MAKING THEATRE GAINING SKILLS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

MAKING THEATRE GAINING SKILLS C.I.C.

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

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

Charles Freeman
Hilary Strong
Janis Gadd
Shirley Sewell


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
2 September 2024

And signed on behalf of the board by:
Name: Hilary Strong
Status: Director

MAKING THEATRE GAINING SKILLS C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 6,960 9,523
Cost of sales: ( 106,089 ) ( 93,280 )
Gross profit(or loss): (99,129) (83,757)
Administrative expenses: ( 11,573 ) ( 10,895 )
Other operating income: 108,646 100,997
Operating profit(or loss): (2,056) 6,345
Interest receivable and similar income: 189 4
Interest payable and similar charges: ( 47 ) ( 60 )
Profit(or loss) before tax: (1,914) 6,289
Tax: ( 6 )
Profit(or loss) for the financial year: (1,914) 6,283

MAKING THEATRE GAINING SKILLS C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 589 996
Total fixed assets: 589 996
Current assets
Debtors: 4 1,240 5,193
Cash at bank and in hand: 21,163 27,620
Total current assets: 22,403 32,813
Creditors: amounts falling due within one year: 5 ( 19,905 ) ( 28,177 )
Net current assets (liabilities): 2,498 4,636
Total assets less current liabilities: 3,087 5,632
Creditors: amounts falling due after more than one year: 6 ( 869 ) ( 1,500 )
Total net assets (liabilities): 2,218 4,132
Members' funds
Profit and loss account: 2,218 4,132
Total members' funds: 2,218 4,132

The notes form part of these financial statements

MAKING THEATRE GAINING SKILLS C.I.C.

Balance sheet statements

For the year ending 31 December 2023 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 2 September 2024
and signed on behalf of the board by:

Name: Hilary Strong
Status: Director

The notes form part of these financial statements

MAKING THEATRE GAINING SKILLS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Equipment straight line 25%

    Other accounting policies

    Taxation - corporation tax payable is provided on taxable profits at the current rates.

MAKING THEATRE GAINING SKILLS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 7 7

MAKING THEATRE GAINING SKILLS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 3,326 3,326
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 3,326 3,326
Depreciation
At 1 January 2023 2,330 2,330
Charge for year 407 407
On disposals
Other adjustments
At 31 December 2023 2,737 2,737
Net book value
At 31 December 2023 589 589
At 31 December 2022 996 996

MAKING THEATRE GAINING SKILLS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 3,000
Prepayments and accrued income 1,240 2,191
Other debtors 2
Total 1,240 5,193

MAKING THEATRE GAINING SKILLS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 631 599
Taxation and social security 195
Accruals and deferred income 16,135 22,231
Other creditors 2,944 5,347
Total 19,905 28,177

MAKING THEATRE GAINING SKILLS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 2022
£ £
Bank loans and overdrafts 869 1,500
Total 869 1,500

COMMUNITY INTEREST ANNUAL REPORT

MAKING THEATRE GAINING SKILLS C.I.C.

Company Number: 08524680 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The Company continues to provide training to long-term unemployed people with learning difficulties, disabilities or mental health problems living in the coastal areas of West Sussex, mainly Bognor Regis, Chichester and Littlehampton. 2023 has proved to be another extremely successful year, with new initiatives developed and partnerships formed. In 2023, the Company continued to run a series of classes for adults under the banner Multiply, a programme funded by the Department of Education (via West Sussex County Council) which helps adults improve their maths skills. These classes proved to be very popular and we were able to extend by offering new classes, especially in small-group maths. We were commissioned to create a new interactive puppet show for Aldingbourne Trust which supported their strategy to encourage adults with learning disabilities to engage with the opportunities of paid employment. The show was presented initially in the Bognor Makerspace and then toured to day centres across the county. At the end of 2023 we were invited to bid for additional funding with WSCC to enable us to develop community classes in production skills and puppetry which will start in June 2024.

Consultation with stakeholders

The Company's current stakeholders include unemployed people, mental health support agencies, volunteers and Job Centre staff. Complex reporting is required by our main funders (Arts Council and WSCC) and our evaluations contribute to the development of our curriculum. Our participants are consulted regularly as part of the Ofsted element of the WSCC Multiply programme to ensure learning is achieving its aims. Quality assessment is also conducted by NCFE who accredit the qualifications we deliver.

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
2 September 2024

And signed on behalf of the board by:
Name: Hilary Strong
Status: Director