for the Period Ended 28 February 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 28 February 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 March 2023
to
28 February 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 | |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
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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 28 February 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 28 February 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 28 February 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 March 2023 |
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Additions |
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Disposals | ||||||
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Transfers | ||||||
At 28 February 2024 |
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Depreciation | ||||||
At 1 March 2023 |
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Charge for year |
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On disposals | ||||||
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At 28 February 2024 |
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Net book value | ||||||
At 28 February 2024 |
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At 28 February 2023 |
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for the Period Ended 28 February 2024
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 28 February 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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The company runs sewing and creative classes in the London Borough of Lewisham. The primary aim of Make Mee Studio CIC is to make sewing and creativity as accessible, inclusive, and as environmentally and socially beneficial as possible. At Make Mee Studio CIC, we ran a number of projects and worked on initiatives that have benefited the community in the financial year 1st March 2024 -ending 29th February 2024. - After the success of our Art’s Council funded Sewcial sessions last year we have continued to offer free or low cost subsidised places at the weekly sessions for people who cannot afford the £10 cost. We are funding these places from our takings from other courses. At the Sewcial people can use our studio and equipment to work on their own sewing projects and socialise with other makers. Building a diverse local sewing community. - The CIC received £10,000 funding from housing provider L & Q to run a series of free beginners sewing workshops for local residents who would not usually be able to afford sewing classes or were feeling isolated. These began in September 2023 and are due to run until July 2024. By February 2024 we had facilitated 26 participants, with overwhelmingly positive feedback. Participants felt empowered by acquiring sewing skills and gaining confidence in their abilities " 75% of feedback respondents rated this increase in confidence 9 or 10/10. They mentioned the course provided a sense of belonging and community, which was especially valuable for those feeling isolated, One participant shared; “It changed my experience of integrating into London; making me feel less isolated and lonely.” Another stated that the course "has been genuinely life changing." They started the year feeling uninspired and low. The course gave them a supportive place to learn; they have now started a creative work placement. - At the beginning of this programme the CIC partnered with local support agencies such as social prescribing network Community Connections and local charity Lewisham Local to target local residents who fit our criteria. We ran 6 free drop in sessions around the Borough with different partners to advertise the courses. The course has been a huge success. We had such a long waiting list for participants in January 2024 we partially self funded a second class so we could reach more people and have more impact. - The CIC worked with the Local council housing provider on a series of 8 drop - in mending workshops for their residents. - The CIC ran a series of 6 subsidised sewing workshops at local homeless charity The 999 Club. - The CIC partnered with We Are Everyone in Dagenham at their Fabric Lab to provide a series of free sewing workshops for their local residents. - The CIC provided 4 work experience placements for local school students. - Where possible, The CIC sourced materials for our workshops from local and sustainable sources, purchasing end of roll and remnant fabrics and receiving donations of materials.
The company’s stakeholders are the participants that attend our classes and courses as well as other local organisations in the charity/ support sector. The CIC always use feedback and evaluations from previous funded projects to inform future ideas. We have continued to ask for feedback on our funded project Sew Together, this feedback is vital in helping us to secure funding to continue this project and to improve it for future participants. We have used our links with support organisations in the area to develop our funded projects with the needs of specific target audiences in mind. The CIC regularly asks for feedback from our students on all of our courses and test new ideas with focus groups.
Total directors' remuneration was £61,699.13 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
13 November 2024
And signed on behalf of the board by:
Name: Tracey Mee
Status: Director