for the Period Ended 30 April 2024
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 April 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 May 2023
to
30 April 2024
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
And signed on behalf of the board by:
Name:
Status: Director
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current 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: |
( |
( |
The notes form part of these financial statements
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
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
Turnover policy
Other accounting policies
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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£ | £ | |
Bank loans and overdrafts |
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Other creditors |
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Total |
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In the year of 23/24 NBAM CIC took on its first ever office space at CRATE St James Street, a mixed use space of commercial and community oriented business. Based in the heart of Walthamstow (an area that NBAM had worked in for some years) we were ideally situated to reach our regular audiences of Waltham Forest. Unfortunately the rent of this office would turn out to be unsustainable after 9 months and so by the end of 23/24 NBAM had moved to their second office just around the corner. It was a great year to make more physical contacts and spread the word about our business. We started to establish ourselves in the area and become more visible for our brand. During that time NBAM CIC: - Curated 4 different public exhibitions of art work by adults struggling with their mental health conditions and other disabilities - Offered 12 public workshops - Commissioned by 3 different local authorities - Produced a variety of art works which were visual, audible, tactile and oral.
The company stakeholders are the participants who access our service, the artists who work with us and businesses who fund us. The participants that we worked with over 23/24 had a particualr interest in ‘otherness’ perhaps this was due to the fact that we were still all in a slight recovery from the Covid19 outbreak and how one processes that kind of experience especially if you are someone who perhaps perceives the world differently the otherness comes about. It was also a hot topic in the media along with the idea of false narratives and conspiracy theories. For this reason we raised funding for a project which would take place in 24/25 called Magic, Myths and Miracles on a Monday in order to be able to delve into the subject a bit more. The artists we worked with in 23/24 were excited to be on a growth journey with us and input their own work for exhibitions as well as volunteer time back to the community beyond their paid roles. The winter of 23/24 saw two regular businesses who funded NBAM projects discontinue their support. This was through no fault of NBAM’s simple one had folded and one had changed direction of what they were funding. Due to this change it was necessary for NBAM to be able to continue to speculate and find new contacts. NBAM joined the Big Local network and signed up for Business support from the local authority Waltham Forest.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
14 January 2025
And signed on behalf of the board by:
Name: Neesha Badhan
Status: Director