ARTYTIME COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
11536641 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

ARTYTIME COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

ARTYTIME COMMUNITY INTEREST COMPANY

Directors' report period ended 31 August 2024

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

Principal activities of the company

Our main principal as a CIC remains the same, to involve as many people of all ages and abilities in some form of creative activity.

Additional information

Our working relationship with other community organisations is going from strength to strength as we focus on community cohesion. We have encouraged and supported more community engagement art and craft projects with advice, knowledge and training. The scrapstore extension project is uniting community organisations as we work together to fundraise for this community project. It will increase the space so more groups can use the proposed studio/workshop area. This will fit with our main principal of involving more people in creative activities with a fit for purpose space. The plan is to have a youth club and a Men’s sheds group as regular users of the building.



Directors

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

Beverley Pashley
Sonia Tolkien


The director shown below has held office during the period of
1 September 2023 to 30 May 2024

Catherine Walters


The director shown below has held office during the period of
30 May 2024 to 31 August 2024

Rebecca Smith


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
30 September 2024

And signed on behalf of the board by:
Name: Beverley Pashley
Status: Director

ARTYTIME COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 38,555 10,582
Cost of sales: ( 28,863 ) ( 4,840 )
Gross profit(or loss): 9,692 5,742
Distribution costs: 0 0
Administrative expenses: ( 5,414 ) ( 8,313 )
Operating profit(or loss): 4,278 (2,571)
Interest receivable and similar income: 134 70
Profit(or loss) before tax: 4,412 (2,501)
Profit(or loss) for the financial year: 4,412 (2,501)

ARTYTIME COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 0 37
Investments:   0 0
Total fixed assets: 0 37
Current assets
Stocks:   0 0
Debtors: 4 409 851
Cash at bank and in hand: 35,914 40,037
Investments:   0 0
Total current assets: 36,323 40,888
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 36,323 40,888
Total assets less current liabilities: 36,323 40,925
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 29,127 ) ( 38,142 )
Total net assets (liabilities): 7,196 2,783
Members' funds
Profit and loss account: 7,196 2,783
Total members' funds: 7,196 2,783

The notes form part of these financial statements

ARTYTIME COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 August 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 30 September 2024
and signed on behalf of the board by:

Name: Sonia Tolkien
Status: Director

The notes form part of these financial statements

ARTYTIME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 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

ARTYTIME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ARTYTIME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 621 621
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 August 2024 621 621
Depreciation
At 1 September 2023 584 584
Charge for year 37 37
On disposals
Other adjustments
At 31 August 2024 621 621
Net book value
At 31 August 2024 0 0
At 31 August 2023 37 37

ARTYTIME COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 409 851
Prepayments and accrued income 0 0
Total 409 851

COMMUNITY INTEREST ANNUAL REPORT

ARTYTIME COMMUNITY INTEREST COMPANY

Company Number: 11536641 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Principal Activities Our main principal as a CIC remains the same, to involve as many people of all ages and abilities in some form of creative activity. Our working relationship with other community organisations is going from strength to strength as we focus on community cohesion. We have encouraged and supported more community engagement art and craft projects with advice, knowledge and training. The scrapstore extension project is uniting community organisations as we work together to fundraise for this community project. It will increase the space so more groups can use the proposed studio/workshop area. This will fit with our main principal of involving more people in creative activities with a fit for purpose space. The plan is to have a youth club and a Men’s sheds group as regular users of the building.

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
30 September 2024

And signed on behalf of the board by:
Name: Beverley Pashley
Status: Director