LONDON SCULPTURE WORKSHOP CIC

Company limited by guarantee

Company Registration Number:
08024728 (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

LONDON SCULPTURE WORKSHOP CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

LONDON SCULPTURE WORKSHOP 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

London Sculpture Workshop CIS provides open access artistic tuition and support to the community, plus the provision of a fully equipped workshop and the provision of qualified art teachers to assist visitors and those taking courses.

Company policy on disabled employees

The company does not discriminate against person and fully supports the training of disabled members of the community



Directors

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

Giles Corby
Jessica Mello
Neil Skinner


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
20 January 2025

And signed on behalf of the board by:
Name: Neil Skinner
Status: Director

LONDON SCULPTURE WORKSHOP CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 172,577 128,890
Cost of sales: ( 80,137 ) ( 76,814 )
Gross profit(or loss): 92,440 52,076
Administrative expenses: ( 93,874 ) ( 81,874 )
Operating profit(or loss): (1,434) (29,798)
Interest receivable and similar income: 180 139
Profit(or loss) before tax: (1,254) (29,659)
Profit(or loss) for the financial year: (1,254) (29,659)

LONDON SCULPTURE WORKSHOP CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,317 10,822
Total fixed assets: 5,317 10,822
Current assets
Stocks: 4 369 347
Cash at bank and in hand: 12,550 20,708
Total current assets: 12,919 21,055
Net current assets (liabilities): 12,919 21,055
Total assets less current liabilities: 18,236 31,877
Creditors: amounts falling due after more than one year: 5 ( 42,378 ) ( 52,224 )
Accruals and deferred income: ( 2,479 )
Total net assets (liabilities): (24,142) (22,826)
Members' funds
Profit and loss account: (24,142) ( 22,826)
Total members' funds: ( 24,142) (22,826)

The notes form part of these financial statements

LONDON SCULPTURE WORKSHOP 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.

This report was approved by the board of directors on 20 January 2025
and signed on behalf of the board by:

Name: Neil Skinner
Status: Director

The notes form part of these financial statements

LONDON SCULPTURE WORKSHOP 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 for LSW represents subscriptions obtained from artists renting studio time (with tools and resources)

LONDON SCULPTURE WORKSHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 0

LONDON SCULPTURE WORKSHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 104,459 104,459
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 104,459 104,459
Depreciation
At 1 May 2023 93,637 93,637
Charge for year 5,505 5,505
On disposals
Other adjustments
At 30 April 2024 99,142 99,142
Net book value
At 30 April 2024 5,317 5,317
At 30 April 2023 10,822 10,822

LONDON SCULPTURE WORKSHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 369 347
Total 369 347

LONDON SCULPTURE WORKSHOP CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 9,687 20,811
Other creditors 32,691 31,413
Total 42,378 52,224

COMMUNITY INTEREST ANNUAL REPORT

LONDON SCULPTURE WORKSHOP CIC

Company Number: 08024728 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The workshops has provided open-access to artistic facilities and training for all members of the community interested in exploring the creative arts, and learning to work with a wide variety of materials and concepts.

Consultation with stakeholders

Feedback is taken from all stakeholders as to the quality, relevance and breadth of the courses made available by the workshop.

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
20 January 2025

And signed on behalf of the board by:
Name: Neil Skinner
Status: Director