GLASTONBURY DRAGONS C.I.C.

Company limited by guarantee

Company Registration Number:
10980802 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

GLASTONBURY DRAGONS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

GLASTONBURY DRAGONS C.I.C.

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The company's principal activity during the year continued to be supporting activities to performing arts, museums, operation of historical sites, buildings and similar visitor attractions



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Stephen Maddocks
Stephanie Allen
Karin Shaw
Andrew Shaw


The director shown below has held office during the period of
1 July 2023 to 10 May 2024

Stefan Bronka


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
18 November 2024

And signed on behalf of the board by:
Name: Stephen Maddocks
Status: Director

GLASTONBURY DRAGONS C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 2,297 1,331
Cost of sales: ( 1,092 )
Gross profit(or loss): 1,205 1,331
Administrative expenses: ( 2,763 ) ( 1,054 )
Operating profit(or loss): (1,558) 277
Profit(or loss) before tax: (1,558) 277
Profit(or loss) for the financial year: (1,558) 277

GLASTONBURY DRAGONS C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 531 1,089
Total current assets: 531 1,089
Creditors: amounts falling due within one year: 3 ( 1,500 ) ( 500 )
Net current assets (liabilities): (969) 589
Total assets less current liabilities: (969) 589
Total net assets (liabilities): (969) 589
Members' funds
Profit and loss account: (969) 589
Total members' funds: ( 969) 589

The notes form part of these financial statements

GLASTONBURY DRAGONS C.I.C.

Balance sheet statements

For the year ending 30 June 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 18 November 2024
and signed on behalf of the board by:

Name: Stephen Maddocks
Status: Director

The notes form part of these financial statements

GLASTONBURY DRAGONS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Other accounting policies

    A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

GLASTONBURY DRAGONS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

GLASTONBURY DRAGONS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,500 500
Total 1,500 500

COMMUNITY INTEREST ANNUAL REPORT

GLASTONBURY DRAGONS C.I.C.

Company Number: 10980802 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

GLASTONBURY DRAGONS CIC FINANCE ANSWERS Part 1 The Company holds two events per year. During the year 2023 – 2024 the Glastonbury Dragons May Fayre was held on Sunday 5th May and included the Dragon Parade through Glastonbury Town. The second event, the Dragons Wild Hunt Parade was held on Saturday 26st October. Both events included the whole community and visitors being invited to take part by joining in the parades. Local artists and performers were invited to perform and participate in both events giving them an opportunity to showcase their talents to a wide audience. In addition, these groups and individuals were instrumental in the planning meetings and organising of the events adding a social and community enrichment. Local businesses have benefited from the custom of upwards of 4,000 tourists, including International visitors, that the events bring to the town. Awareness of the Glastonbury Dragons is now international thanks to the internet and social media platforms and the many video posts that are available on-line showcasing the events. This has helped in the promotion of Glastonbury Town as an eventful tourist destination.

Consultation with stakeholders

Part 2 The company’s stakeholders are the residents, business proprietors and sole traders of Glastonbury Town and local performers of all kinds in the area. The Directors of the CIC have lived in and around Glastonbury for many years, some of them all of their lives. The business model was developed from their experiences with other local events and conversations with local residents. The company was founded out of a group of residents that had regular consultations with other community members regarding the way forward with events. Glastonbury Dragons are now established members of the Glastonbury Town Council’s Arts, Culture and Events (ACE) Committee. This Committee was formed to bring together all interested parties that are involved in organising events in Glastonbury Town. These meetings bring forward new ideas, intergroup co-operation, and a cohesive and coordinated approach that is of benefit to the town and surrounding areas. This Committee is also a useful and beneficial platform for debriefing post events to ensure standards are maintained and the community benefits of events are being met. The Glastonbury Dragons CIC also have an active online presence with a Facebook page and e-mail on which residents, tourists and general public are able to leave their feedback and ideas. Signed: Date: 07/01/25 Steve Madog Director

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
7 January 2025

And signed on behalf of the board by:
Name: Steve Maddocks
Status: Director