BRAINCHILD ARTS CIC

Company Registration Number:
13172023 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

BRAINCHILD ARTS CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

BRAINCHILD ARTS CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

Support activities to performing arts.



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Ms I R Crawford
Ms M S Blake
Mr J F Valiunas


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
26 November 2024

And signed on behalf of the board by:
Name: Ms I R Crawford
Status: Director

BRAINCHILD ARTS CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 0 51,927
Cost of sales: ( 1,102 ) ( 30,100 )
Gross profit(or loss): (1,102) 21,827
Distribution costs: 0 0
Administrative expenses: ( 2,139 ) ( 29,772 )
Other operating income: 0 0
Operating profit(or loss): (3,241) (7,945)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (3,241) (7,945)
Tax: 0 0
Profit(or loss) for the financial year: (3,241) (7,945)

BRAINCHILD ARTS CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 13,844 17,930
Investments:   0 0
Total current assets: 13,844 17,930
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 1,948 ) ( 2,793 )
Net current assets (liabilities): 11,896 15,137
Total assets less current liabilities: 11,896 15,137
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 11,896 15,137
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 11,895 15,136
Total Shareholders' funds: 11,896 15,137

The notes form part of these financial statements

BRAINCHILD ARTS CIC

Balance sheet statements

For the year ending 28 February 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 26 November 2024
and signed on behalf of the board by:

Name: Ms I R Crawford
Status: Director

The notes form part of these financial statements

BRAINCHILD ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 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.

BRAINCHILD ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 3

BRAINCHILD ARTS CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 988 2,313
Accruals and deferred income 960 480
Other creditors 0 0
Total 1,948 2,793

COMMUNITY INTEREST ANNUAL REPORT

BRAINCHILD ARTS CIC

Company Number: 13172023 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

Brainchild Arts CIC produced a number of creative projects and arts events throughout the financial year, including a gig series for new music, a regular development night for new arts performance work, and our central project, an annual multi-arts camping festival. Over 650 emerging and early cancer artists (i.e.) the community have benefitted from this activity via: performance opportunities, exposure to a wider audience, connections with contracts such as press, venues & creative collaborators, professional standard photography & documentation, producing and marketing support, and feedback on their developing work. Over 4000 people attended our events across the year, our demographic is mainly young adults and emerging / early-career artists. They benefited from- making friends and creative connections, getting inspired by seeing new artists, learning new skills and gaining confidence (through our workshops), discovering new ways of thinking and ideas from projects (via our discussion and other activities).

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Ms I R Crawford
Status: Director