FLAT 70 C.I.C.

Company Registration Number:
12530111 (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

FLAT 70 C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Community Interest Report

FLAT 70 C.I.C.

Balance sheet

As at 31 March 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: 19,211 22
Investments:   0 0
Total current assets: 19,211 22
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 19,211 22
Total assets less current liabilities: 19,211 22
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): 19,211 22
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 19,210 21
Total Shareholders' funds: 19,211 22

The notes form part of these financial statements

FLAT 70 C.I.C.

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 4 January 2025
and signed on behalf of the board by:

Name: Senam Badu
Status: Director

The notes form part of these financial statements

FLAT 70 C.I.C.

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 Financial Reporting Standard 101

FLAT 70 C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

FLAT 70 C.I.C.

Company Number: 12530111 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Flat 70 C.I.C. is a non-profit arts organisation dedicated to holding function-fluid space for artists, cultural workers, and local residents of colour. Our mission is to create an accessible and supportive environment for emerging artists while fostering community engagement through cultural events, exhibitions, and educational initiatives. Over the past financial year, we have delivered several impactful programs that have directly benefited local artists and young people of colour in our community: 1. Showcasing Emerging Artists We hosted three exhibitions featuring the work of five young local artists of colour, providing them with a platform to showcase their talents, gain visibility, and connect with potential buyers. These exhibitions attracted a diverse audience, offering an important space for cultural exchange and creative appreciation. 2. Educational & Community Engagement Rehearsing Freedoms Workshop – We collaborated with a local charity to deliver a workshop as part of the Rehearsing Freedoms Festival, engaging 20 participants in discussions and creative practices centered on artistic freedom and self-expression. Culture Club Excursions – We organised two excursions to leading London art exhibitions, offering 40 young people free access to high-quality cultural experiences. These trips provided inspiration, exposure, and learning opportunities for participants who may not otherwise have access to such spaces. 3. Overall Reach & Community Impact Across all our events, we welcomed 150 attendees, fostering community connections and ensuring greater representation for artists and audiences of colour in the local arts scene. As we move forward, Flat 70 C.I.C. remains committed to expanding opportunities for local artists, increasing accessibility to cultural experiences, and strengthening the impact of our initiatives within the community.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £2,128.70 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
4 January 2025

And signed on behalf of the board by:
Name: Senam Badu
Status: Director