NEESHA BADHAN ARTS MANAGEMENT CIC

Company limited by guarantee

Company Registration Number:
13325905 (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

NEESHA BADHAN ARTS MANAGEMENT CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

NEESHA BADHAN ARTS MANAGEMENT CIC

Directors' report period ended 30 April 2024

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

Principal activities of the company

Principal activity of the company during the financial year was of Other social work activities without accommodation not elsewhere classified and Artistic creation.



Directors

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

Neesha Badhan
Sharlene Carter Boynes
John William Pendleton


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
14 January 2025

And signed on behalf of the board by:
Name: Neesha Badhan
Status: Director

NEESHA BADHAN ARTS MANAGEMENT CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 21,308 0
Total current assets: 21,308 0
Creditors: amounts falling due within one year: 3 ( 25,941 ) ( 1,426 )
Net current assets (liabilities): (4,633) (1,426)
Total assets less current liabilities: (4,633) ( 1,426)
Accruals and deferred income: ( 479 ) ( 479 )
Total net assets (liabilities): (5,112) (1,905)
Members' funds
Profit and loss account: (5,112) ( 1,905)
Total members' funds: ( 5,112) (1,905)

The notes form part of these financial statements

NEESHA BADHAN ARTS MANAGEMENT CIC

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.

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

Name: Neesha Badhan
Status: Director

The notes form part of these financial statements

NEESHA BADHAN ARTS MANAGEMENT CIC

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 Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

NEESHA BADHAN ARTS MANAGEMENT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

NEESHA BADHAN ARTS MANAGEMENT CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 307 451
Other creditors 25,634 975
Total 25,941 1,426

COMMUNITY INTEREST ANNUAL REPORT

NEESHA BADHAN ARTS MANAGEMENT CIC

Company Number: 13325905 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

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.

Consultation with stakeholders

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.

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
14 January 2025

And signed on behalf of the board by:
Name: Neesha Badhan
Status: Director