WEMSFEST COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08474057 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

WEMSFEST COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

WEMSFEST COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 81,949 71,649
Cost of sales: ( 80,090 ) ( 73,803 )
Gross profit(or loss): 1,859 (2,154)
Distribution costs: 0 0
Administrative expenses: 0
Other operating income: 0 5
Operating profit(or loss): 1,859 (2,149)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 1,859 (2,149)
Tax: 0 0
Profit(or loss) for the financial year: 1,859 (2,149)

WEMSFEST COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 795 420
Cash at bank and in hand: 12,144 9,516
Investments:   0 0
Total current assets: 12,939 9,936
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 12,939 9,936
Total assets less current liabilities: 12,939 9,936
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 8,351 ) ( 6,978 )
Total net assets (liabilities): 4,588 2,958
Members' funds
Profit and loss account: 4,588 2,958
Total members' funds: 4,588 2,958

The notes form part of these financial statements

WEMSFEST COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 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 13 January 2025
and signed on behalf of the board by:

Name: Jonathan Mark Ringwood
Status: Director

The notes form part of these financial statements

WEMSFEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 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

WEMSFEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

    We do not have any employees we are a Community Interest Company run by c22 volunteers

WEMSFEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Debtors

2024 2023
£ £
Trade debtors 795 420
Prepayments and accrued income 0 0
Other debtors 0 0
Total 795 420
Debtors due after more than one year: 0 0

COMMUNITY INTEREST ANNUAL REPORT

WEMSFEST COMMUNITY INTEREST COMPANY

Company Number: 08474057 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

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.

Consultation with stakeholders

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.

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
13 January 2025

And signed on behalf of the board by:
Name: Jonathan Mark Ringwood
Status: Director