PHOENIX POTTERY CIC

Company limited by guarantee

Company Registration Number:
09870319 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2024

Period of accounts

Start date: 30 March 2023

End date: 29 March 2024

PHOENIX POTTERY CIC

Contents of the Financial Statements

for the Period Ended 29 March 2024

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

PHOENIX POTTERY CIC

Directors' report period ended 29 March 2024

The directors present their report with the financial statements of the company for the period ended 29 March 2024

Directors

The directors shown below have held office during the whole of the period from
30 March 2023 to 29 March 2024

Frances Bradshaw
Harriet Jane Ross Duncan
Sarah Lucy Felicity Hull
Madeleine Ladell
Lindsay Leo Benedict Minnion


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
5 November 2024

And signed on behalf of the board by:
Name: Madeleine Ladell
Status: Director

PHOENIX POTTERY CIC

Profit And Loss Account

for the Period Ended 29 March 2024

2024 2023


£

£
Turnover: 0 540
Gross profit(or loss): 0 540
Distribution costs: ( 4,904 ) ( 13,809 )
Operating profit(or loss): (4,904) (13,269)
Profit(or loss) before tax: (4,904) (13,269)
Tax: 0 285
Profit(or loss) for the financial year: (4,904) (12,984)

PHOENIX POTTERY CIC

Balance sheet

As at 29 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 905 1,207
Total fixed assets: 905 1,207
Current assets
Debtors: 4 285
Cash at bank and in hand: 386 4,967
Total current assets: 386 5,252
Creditors: amounts falling due within one year: 5 ( 2,176 ) ( 2,440 )
Net current assets (liabilities): (1,790) 2,812
Total assets less current liabilities: (885) 4,019
Creditors: amounts falling due after more than one year:   0
Total net assets (liabilities): (885) 4,019
Members' funds
Profit and loss account: (885) 4,019
Total members' funds: ( 885) 4,019

The notes form part of these financial statements

PHOENIX POTTERY CIC

Balance sheet statements

For the year ending 29 March 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.

This report was approved by the board of directors on 5 November 2024
and signed on behalf of the board by:

Name: Madeleine Ladell
Status: Director

The notes form part of these financial statements

PHOENIX POTTERY CIC

Notes to the Financial Statements

for the Period Ended 29 March 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 25% Reducing Balance Computer Equipment 25% Reducing Balance

PHOENIX POTTERY CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

PHOENIX POTTERY CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 March 2023 7,297 1,466 8,763
Additions
Disposals
Revaluations
Transfers
At 29 March 2024 7,297 1,466 8,763
Depreciation
At 30 March 2023 6,285 1,271 7,556
Charge for year 253 49 302
On disposals
Other adjustments
At 29 March 2024 6,538 1,320 7,858
Net book value
At 29 March 2024 759 146 905
At 29 March 2023 1,012 195 1,207

PHOENIX POTTERY CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

4. Debtors

2024 2023
£ £
Other debtors 285
Total   285

PHOENIX POTTERY CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 285
Accruals and deferred income 95
Other creditors 2,176 2,060
Total 2,176 2,440

PHOENIX POTTERY CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

6. Loans to directors

Name of director receiving advance or credit: Madeleine Ladell
Description of the transaction:
Director loan account
£
Balance at 29 March 2023 2,060
Advances or credits made: 116
Advances or credits repaid:
Balance at 29 March 2024 2,176

COMMUNITY INTEREST ANNUAL REPORT

PHOENIX POTTERY CIC

Company Number: 09870319 (England and Wales)

Year Ending: 29 March 2024

Company activities and impact

Phoenix Pottery runs pottery classes for a wide variety of people from the local community. Some students have physical/mental disabilities or mobility issues and have struggled to access suitable facilities as there are now few places to study and practice pottery in the local area. Others are training to take up ceramic professionally, either part-time or full-time. The first class took place in November 2015. During the last financial year (ended 30 March 2024), Phoenix's activities have benefitted the community in the following ways: Run weekly classes, daytime and evening for local people Run a low-cost daytime classes for people on low or no income Run a specialist course for women who have been trafficked (in collaboration with the charity ECPAT) Run a specialist project for older people from local Drovers Centre (in collaboration with Age UK) who created a ceramic sculpture installation for nearby Caledonian Park Run one-off sessions and short courses from local people in response to demand Fired work for local people and organisations who don’t otherwise have access to a kiln

Consultation with stakeholders

The stakeholders are the students: people who live mostly locally who attend classes. Classes are run to meet the needs of students as there are now few places to study and practice pottery in the local area. The company’s directors all attend classes as students makers and live either in Islington or surrounding boroughs. Classes are run at times to accommodate people's different needs, and to ensue health and safety regulations are met regarding kiln firings. Thus, daytime classes are attended mostly by people who are retired, living on disability benefits, working part-time or volunteering. Evening classes are attended mostly by people in fulltime work, some of whom are aiming to build a career, either part-time or fulltime, as a ceramic maker. At Phoenix, I talk with student about how the studio should be run and act on their suggestions. The directors all helped set up the physical space, and together we determined roughly the logistic of how classes would run. I regularly consult with learners in various ways on how they would like things to continue and respond realistically, for example purchasing the tools, clays and equipment people would like and can be realistically accommodated and afforded. Students with disabilities have provided considerable input to help ensure facilities meet their needs: for example, one learner provided a metal wheelchair ramp for the outside of the room and another student helped build a wooden ramp for the inside of the doors, both of which we store in the communal area so they can be shared with fellow community groups who may have wheelchair users needing to access studios. My recent request to the council to have a door closure removed from an internal door, which made it extremely difficult for a wheelchair user to open to get to the toilet unaided, was acted on promptly and the closure removed. Phoenix welcomes and considers request from group or individuals for one-off sessions or specialist short courses. Hence the short course for women who have been trafficked (for ECPAT) and for older learners (from Age UK) who created ‘modem fossil' sculptures that have now been permanently installed in nearby Caledonian Park. One-off sessions have also included a corporate Gaining and a hen party.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £3,792.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
5 November 2024

And signed on behalf of the board by:
Name: Madeleine Ladell
Status: Director