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 director shown below has 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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£ |
£ |
Cost of sales: |
(
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(
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Gross profit(or loss): |
( |
( |
Distribution costs: |
(
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(
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
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Profit(or loss) before 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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£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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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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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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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 | ||||||
Disposals | ||||||
Revaluations | ||||||
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 | ||||||
Other adjustments | ||||||
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
2024 | 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 space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. The company has archived over 3000 items the largest and oldest collection of records for archive in audio, video and other media of different diasporic communties in the UK. We have also created a website showing what we have doine and how the public can access the colelction. The collection is to be used in libraries and and other venues as well as for the creation of artworks. We now hold the largest vinyl collections of South Asian music in the UK. This year, True Form Projects CIC has fulfilled its obligations to finish archiving and exhibit parts of a rare record collection and engaging communiities in the collection of oral histories, showing the archive of the old shop and organiastion that housed the collection initially. We have also been working with over 6 other partners, including Birmingham University and Birmingham museum and Art Gallery, Manchester Museum, South Bank and local libraries in Handsworth and Nottingham, exhibiting the work and developing new projects for beyond March when our funding finishes. The company is still developing a number of applications and is hopeful for success. A number of new partners including The British Library, University of Birmingham, Manchester Museum, local smaller coimmunitiy organisations such as Moseley Road Baths, Mosely School of Art, Print works and The Gap based in Balsall Heath and Handsworht Library where the collection originates togetehr with numerous workshops and training on Oral History and collage. We have also been approached by other organisations about their archive and the possibility to work with them on the creation of new archives and colelctions.
The company has new employees, one working as Project Manager and the other working in clearances and co-ordination with the Director taking up partial development role of the company overseeing a development plan 2025/27. The company still has a small professional steering group comprising of different professionals including a university lecturer, heritage and copyright manager, a writer and equalities consultant, and director of a film festival. We are still actively looking for new advisory board member as the CCI moves into different ventures and partnerships in education and arts and heritage. We require several training opportunities and also the consideration of a commercial offer for which we need some guidance form the ombudsman. The CIC has managed to be shortlisted for a national award as well as being covered by a number of TV stations and Newspapers with its work. The partnerships continue to grow with an additional project with Birmingham University and Birmingham Museum and Art Gallery. We have also been on BBC Radio 3 times since our last report and have spoke about the project at several universities to do with new collection and their curation.
The total fees paid to or recievable to a director in respect of project management and any other services required by the CIC was £20000. There were no other transactions or arrangements in connection with the renumeration of Directors, or compensation for any other voluntary services to the company, which require disclosure.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
27 November 2024
And signed on behalf of the board by:
Name: Faisal Hussain
Status: Director