for the Period Ended 31 March 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 March 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 April 2023
to
31 March 2024
Secretary
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 | 13 months to 31 March 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
( |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
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Profit(or loss) before tax: |
( |
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Tax: |
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(
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Profit(or loss) for the financial year: |
( |
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As at
Notes | 2024 | 13 months to 31 March 2023 | |
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£ |
£ |
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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: | 3 |
(
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(
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Net current assets (liabilities): |
( |
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Total assets less current liabilities: |
( |
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Total net assets (liabilities): |
( |
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Members' funds | |||
Profit and loss account: |
( |
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Total members' funds: |
( |
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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 March 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 March 2024
2024 | 13 months to 31 March 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
2024 | 13 months to 31 March 2023 | |
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£ | £ | |
Taxation and social security |
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Other creditors |
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Total |
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In the 2023-2024 financial year, Visual Art Studio has made a significant impact on the local community through our visual art activities, health and well-being art therapy classes, held every Tuesday. Our studio has been a sanctuary for residents affected by the Covid-19 pandemic, offering a space to reconnect and find solace through art. Studio has supported vulnerable individuals, including those with medical histories and experiencing loneliness, providing them with exceptional art therapy and a nurturing environment. With 15-20 regular attendees each week, our classes foster social engagement and build a strong community. Notably, over 85% of our participants are retired individuals who find joy and fulfill-ment in our sessions. As we look ahead, we remain committed to expanding our reach and contin-uing to use art to heal, connect, and uplift.
At Visual Art Studio CIC, we believe in building an organisation rooted in community values. Our director, a resident of this area for over ten years, has shaped our organisation model based on deep community ties and continuous dialogue with residents. By listening to their needs and experiences, we’ve tailored our services to benefit the community, supporting local economies through local procurement and active involvement in community initiatives. Our commitment is to grow and evolve with the community, creating a lasting legacy of mutual prosperity and well-being.
No remuneration was received.
No transfer of assets other than for full consideration has been made.
This report was approved by the board of directors on
21 August 2024
And signed on behalf of the board by:
Name: Marinela Daniela Caldarus
Status: Director