NORTHSTOWE ARTS CIC

Company limited by guarantee

Company Registration Number:
13998721 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

NORTHSTOWE ARTS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NORTHSTOWE ARTS CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Mari O'Neill
Paula Bond


The director shown below has held office during the period of
25 April 2023 to 31 March 2024

Lawrence Isaac Zeegen


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
29 November 2024

And signed on behalf of the board by:
Name: Mari O'Neill
Status: Director

NORTHSTOWE ARTS CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 101 152
Total fixed assets: 101 152
Current assets
Cash at bank and in hand: 13,215 12,036
Total current assets: 13,215 12,036
Creditors: amounts falling due within one year: 4 ( 12,528 ) ( 12,520 )
Net current assets (liabilities): 687 (484)
Total assets less current liabilities: 788 ( 332)
Total net assets (liabilities): 788 (332)
Members' funds
Profit and loss account: 788 ( 332)
Total members' funds: 788 (332)

The notes form part of these financial statements

NORTHSTOWE ARTS CIC

Balance sheet statements

For the year ending 31 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Mari O'Neill
Status: Director

The notes form part of these financial statements

NORTHSTOWE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery - 25% straight line

    Other accounting policies

    Grants Grants relating to revenue are recognised in profit and loss on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

NORTHSTOWE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 3

NORTHSTOWE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 203 203
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 203 203
Depreciation
At 1 April 2023 51 51
Charge for year 51 51
On disposals
Other adjustments
At 31 March 2024 102 102
Net book value
At 31 March 2024 101 101
At 31 March 2023 152 152

NORTHSTOWE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 552
Accruals and deferred income 11,976 12,004
Other creditors 516
Total 12,528 12,520

COMMUNITY INTEREST ANNUAL REPORT

NORTHSTOWE ARTS CIC

Company Number: 13998721 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

In its second year as a Community Interest Company, Northstowe Arts has continued to support connection through creativity in the new town of Northstowe, engaging with people of all ages, backgrounds and cultures. Our broad range of activities have reached and affected people in many different ways, making a major contribution to the community’s placemaking, identity-building, and individual wellbeing agendas, whilst collaborating with and enabling other organisations (grassroots and voluntary, public and private sectors) to achieve their missions and priorities. Several temporary and permanent visual arts installations have been completed or begun this year. The “Nature in Northstowe” project originally commissioned by South Cambridgeshire District Council saw members of the Northstowe community provide inspiration photos of wildlife and plants in Northstowe; workshops with Northstowe Youth Hive and the Warm Hub resulted in paintings which were then digitised and transformed by a local artist and graphic designer team into an artistic vinyl wrap for the temporary community centre in Northstowe. Homes England then commissioned the team to redevelop the artwork to cover hoardings in another part of Northstowe. Begun last year, another local artist completed work on a heritage-inspired sculpture largely funded by the National Lottery Heritage Fund, named “A Symbol for Northstowe”, and installed it in the garden of the temporary community centre. Residents of all ages of Northstowe, Longstanton and Willingham actively contributed to the design of the sculpture and were able to handle the Roman pottery found in Northstowe and used in the sculpture – developing a sense of connection to the heritage of the land and the new community. Homes England then commissioned sculptural signage for two of Northstowe’s new lakes, Unity Lake and Halcyon Mere. The artist worked with the resident that had named Unity Lake and Homes England staff working in Northstowe to develop a pentagon-based design for a wreath sculptural sign that can be “dressed” by the community for future events. Taking inspiration from photos of birds provided by Northstowe Wildlife Watch, a community workshop developed a design for the Halcyon Mere sign, adding to a design for a bug hotel developed by children at a local school. During this twelve months, Northstowe Arts has also delivered several events of different scales and appealing to different groups within the community. Creative Get-Togethers, a programme of small-scale, informal weekly creative gatherings for adults, exploring a range of artforms, was piloted. A month-long online Creative Challenge encouraged people who might find it difficult to engage in person to spend a few minutes each day being creative. The Northstowe Community Cinema was launched, with Northstowe Arts supporting a voluntary group of community members to put on mainstream films appealing to both family and older audiences at Northstowe Secondary College. This year, the annual lantern parade was temporarily transformed into “Light Up Longest Night”, with lantern-making activity (largely funded by The National Lottery Communities Fund) in community workshops and schools focused on lighting up homes in and around Northstowe on Longest Night. Collaborative planning with Northstowe Hub and many other locally-based organisations was also begun on a new major cornerstone of the Northstowe calendar, Midsummer Festival. Northstowe Arts also contributed to or partnered with events run by other local organisations. This included a family workshop at Sustainable Northstowe’s Great Big Green Week event, and providing several activities at the launch event for Northstowe’s temporary community centre. We also brought “Arts on Prescription” to Northstowe for the first time, working with county-wide charity Arts & Minds on this 12-week referral programme for adults experiencing mental health challenges. As well as spending time on business development, management and fundraising, Northstowe Arts Directors have dedicated time this year to supporting wider community development in Northstowe and advocating on behalf of the Northstowe community and the arts. This has included participation in Northstowe Support Partnership and Networker meetings, and media activity including an open response to negative national media coverage about Northstowe. Directors also gave presentations at and participated in conferences and webinars organised by Cambridge Arts Network, Together Culture and Homes England.

Consultation with stakeholders

Our stakeholders include: 1) People of all ages living or working in Northstowe 2) People of all ages living or working in the surrounding villages 3) Community groups and organisations active in Northstowe 4) Independent creatives and creative organisations in the local area 5) The local authorities and developers working to build the new town of Northstowe All our activities this year have been developed as a direct response to consultation with stakeholders. Much of this consultation has happened informally during conversations with residents attending our events or other events/activities we have supported; for example, to support adults wishing to prioritise their mental wellbeing through creative activities we have piloted Creative Get-Togethers. Points raised at Northstowe Support Partnership meetings resulted in conversations at the Cambridge Arts Network conference, which lead to a partnership between Northstowe Arts and Arts & Minds delivering an Arts on Prescription programme in Northstowe. By meeting regularly and working on specific projects with other community groups and organisations, we have developed activities – such as the launch event for Northstowe’s temporary community centre – which enabled them to achieve their goals and have brought members of the community together in ways which wouldn’t otherwise have happened. Having heard from local authorities and developers that there was a need to focus on placemaking activities to answer their agendas, we have developed community-led work such as the community centre wrap and hoardings projects. Throughout all our activity, we have prioritised and embedded involvement by residents of Northstowe and the surrounding villages to ensure continuing development of their ownership of and sense of identity of their new community.

Directors' remuneration

Full details of directors’ remuneration are provided in our accounts. 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.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Mari O'Neill
Status: Director