KUNSTRAUM CIC

Company limited by guarantee

Company Registration Number:
14819723 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 21 April 2023

End date: 30 April 2024

KUNSTRAUM CIC

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

KUNSTRAUM CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024


£
Turnover: 85,008
Gross profit(or loss): 85,008
Administrative expenses: ( 83,902 )
Operating profit(or loss): 1,106
Profit(or loss) before tax: 1,106
Tax: 0
Profit(or loss) for the financial year: 1,106

KUNSTRAUM CIC

Balance sheet

As at 30 April 2024

Notes 2024


£
Fixed assets
Tangible assets: 3 5,503
Total fixed assets: 5,503
Current assets
Cash at bank and in hand: 1,123
Total current assets: 1,123
Creditors: amounts falling due within one year: 4 ( 4,520 )
Net current assets (liabilities): (3,397)
Total assets less current liabilities: 2,106
Accruals and deferred income: ( 1,000 )
Total net assets (liabilities): 1,106
Members' funds
Profit and loss account: 1,106
Total members' funds: 1,106

The notes form part of these financial statements

KUNSTRAUM 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 21 January 2025
and signed on behalf of the board by:

Name: Thomas Adam Cuckle
Status: Director

The notes form part of these financial statements

KUNSTRAUM 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer Equipment = 15%

KUNSTRAUM CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024
    Average number of employees during the period 2

    Average number of employees, including directors, during the period was: 2

KUNSTRAUM 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 £ £ £ £ £ £
Additions 6,414 6,414
Disposals
Revaluations
Transfers
At 30 April 2024 6,414 6,414
Depreciation
Charge for year 911 911
On disposals
Other adjustments
At 30 April 2024 911 911
Net book value
At 30 April 2024 5,503 5,503

KUNSTRAUM CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024
£
Other creditors 4,520
Total 4,520

COMMUNITY INTEREST ANNUAL REPORT

KUNSTRAUM CIC

Company Number: 14819723 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Kunstraum (meaning ‘Art Room’) is a non-profit multi-disciplinary arts space and production company dedicated to supporting artists with roots in the African & Caribbean Diasporas and People of Colour of the world. The company has helped provide subsidised or free support to low-budget and no-budget projects by artists from our community. This includes bespoke live event videography and photography services. We have covered live music, performing arts, festivals and artist interviews. Kunstraum CIC is an open space for artists to come together and create, collaborate and develop their craft. This space prioritises people from African & Caribbean Diasporas, People of Colour of the world, and is an intersectional space which particularly uplifts our LGBTQ+ community members.

Consultation with stakeholders

The company has informed the stakeholders of its existence through local publicity, public events and has actively invited members of the community to participate.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £9,510. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 January 2025

And signed on behalf of the board by:
Name: Thomas Adam Cuckle
Status: Director