for the Period Ended 30 April 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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(
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 3 |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
(
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(
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
for the Period Ended 30 April 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. WemsFest continued its community involvement with a 12-month programme of live events including musicians from Iceland, Malawi, USA, Gambia, Zimbabwe, The Congo, UK and Ireland. All of these musicians performed in a multitude of venues ranging from the 80 person capacity Assembly Rooms in the hamlet of Compton to the 300 capacity Parish Church in Emsworth village. In September 2023 we staged our 7th Beer, Cider & Wine Festival engaging with local vinters and a local Indian restaurant to serve over 500 attendees. In October, we funded 4 school’s workshops by members of the Congolese band ‘Kasai Masai’ as part of Black History month and so became one of the few non-urban areas in the UK to recognise the significance of commemorating the substantial contribution made to UK life by non-white immigrants. We instigated the ‘Bourne Trail’ which is a QR-based journey of discovery using strategically placed QR codes to reveal significant sites of historical interest. This involved the local Museum and contributions from local U3A groups. This trail continues to expand and now covers Parish Council areas from Emsworth to Chichester. In the year we attracted overall audience in excess of 8,000 people to our events, and created demand for 200 local bed spaces for visitors from afar afield as USA and Korea. We have continued to support local vintners, restaurants, provision suppliers and local breweries.
We have no stakeholders as such, but are run by a team of 24 voluntary organisers who feedback comments via monthly meetings plus we receive regular correspondence from c2200 people on our database, and through our website and social media channels.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 January 2025
And signed on behalf of the board by:
Name: Jonathan Mark Ringwood
Status: Director