DUST RISING CIC

Company limited by guarantee

Company Registration Number:
11953032 (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

DUST RISING 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

DUST RISING 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

The principal activity of the company is provision of art exhibitions and workshops.

Additional information

Going concern The accounts have been prepared on a going concern basis based on the ongoing support of the directors. Small companies provision statement This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.



Directors

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

Terrence John Shave
Kornelia Maria Herms
Suzanne Margaret Joyce Iwaszko


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
27 January 2025

And signed on behalf of the board by:
Name: Kornelia Maria Herms
Status: Director

DUST RISING CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 10,606 6,274
Cost of sales: ( 9,133 ) ( 3,660 )
Gross profit(or loss): 1,473 2,614
Administrative expenses: ( 1,473 ) ( 2,451 )
Operating profit(or loss): 0 163
Profit(or loss) before tax: 0 163
Profit(or loss) for the financial year: 0 163

DUST RISING CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 2,942 3,532
Total current assets: 2,942 3,532
Creditors: amounts falling due within one year: 3 ( 3,039 ) ( 3,630 )
Net current assets (liabilities): (97) (98)
Total assets less current liabilities: (97) ( 98)
Total net assets (liabilities): (97) (98)
Members' funds
Profit and loss account: (97) ( 98)
Total members' funds: ( 97) (98)

The notes form part of these financial statements

DUST RISING 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 27 January 2025
and signed on behalf of the board by:

Name: Kornelia Maria Herms
Status: Director

The notes form part of these financial statements

DUST RISING 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

    Other accounting policies

    Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Revenue recognition Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

DUST RISING CIC

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

DUST RISING CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 382 630
Other creditors 2,657 3,000
Total 3,039 3,630

COMMUNITY INTEREST ANNUAL REPORT

DUST RISING CIC

Company Number: 11953032 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

DUST Rising CIC activities focuses on encouraging engagement with high quality contemporary visual arts, and raising the profile of the city’s creative talent in celebrating the rich heritage of Stoke on Trent and the surrounding areas. DUST Rising CIC sees the development of social identity as an important value. Continual development of social identity can be positively enhanced through marrying critical thinking and respect for the heritage, essential to building a healthy social identity in ethnically diverse and politically difficult times. DUST Rising CIC is an organisation sustained by the artists and determined to support artists we are working with. During the financial year 2023/2024 DUST Rising CIC continued to work towards the above goals. Our main project title in the 2023/2024 year was Red Amber Green: Transporting the City (RAG). This project run through March and April 2024. Dust Rising liaised with the City Council, the Capital&Centric as well as Bowmer and Kirland to deliver this exhibition in an old and soon to be renovated (at the time) site, In the building called the Signal Box, at The Goods Yard development site. We involved number of artists, art graduates using variety of mediums, poets, photographers, painters and more. We also used services of the local businesses including food by Feasted during our opening. Artists in the show were encouraged to explore the history of the site and include rail, road, canals or other site-specific reference in their work that would comment on the site heritage and its regeneration. Artists explored these themes while considering how the site can play its part in the near future of Stoke-on-Trent being the City of Imagination. The railway, the canal, and the roads are the significant components that have created a vibrant heritage and an exciting foundation for a permanent reminder of how these commercial and social foundations have shaped the city since the late 17th century. Therefore, we encouraged our artists to explore the concepts derived from the original goods yard activities and essentially aimed to throw a fresh and up-lifting light on the role the creative industries can play in the city’s visitors, cultural and commercial regeneration as part of the levelling up agenda, and celebrating a hopeful (RAG)'s to riches future. We continued to explore our social media presence with the help of the C&C social media team. The exhibition was a success, with high numbers of visitors commenting on the site past and positive future. The exhibition raised high interest and we were able to confirm our numbers of visitors is growing. Through the show, we brought public attention further to the site development and to the great artists we have in the area. Our artists also confirmed positive responses to their work and their presence in the exhibition as important factor of the year.

Consultation with stakeholders

DUST Rising CIC is an artist led community interest company. Our stakeholders are our audiences, our artists and our funders. We aim to benefit all three of those groups through providing opportunities to view high quality contemporary visual arts in the area benefiting all our stakeholders. Providing opportunities to exhibit and work as part of our organisation to our artists and community members. As well as raising the profile of the city’s creative talent in celebrating the rich heritage of North Staffordshire, particularly Stoke on Trent, Newcastle Under Lyme and the surrounding areas benefiting all our stakeholders including our funders. Our feedback affirms we reached our goals successfully. During the financial year 2023/2024 DUST Rising CIC continued to work towards the above goals. Our main project title in the 2023/2024 year was Red Amber Green: Transporting the City (RAG). The feedback gathered from RAG: Transporting the City show was very positive throughout and confirmed our believe visitors, artists and funders would love to see more of our shows. We used a visitor book to collect written feedback from our visitors and our invigilators kept a tally of visitors numbers during our open hours. The overall response comments were highly supportive. High numbers of visitors commenting on the site past and positive future. The exhibition raised high interest and we were able to confirm our numbers of visitors is growing. Through the show, we brought public attention further to the site development and to the great artists we have in the area. Our artists also confirmed positive responses to the exhibition and their presence in the exhibition being important part of the year. We continue to explore artists role in the city. An atmosphere of multi-disciplinary collaboration is part of our continued goal.

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
28 January 2025

And signed on behalf of the board by:
Name: Kornelia M Herms
Status: Director