BASS DRUM NATION CIC

Company limited by guarantee

Company Registration Number:
11920198 (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

BASS DRUM NATION 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

BASS DRUM NATION 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 during the year under review was that of a performing arts group.



Directors

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

J Wroe
G J Brayshaw


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
31 January 2025

And signed on behalf of the board by:
Name: G J Brayshaw
Status: Director

BASS DRUM NATION CIC

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 64,191 29,514
Cost of sales: ( 55,913 ) ( 19,458 )
Gross profit(or loss): 8,278 10,056
Distribution costs: ( 180 ) ( 323 )
Administrative expenses: ( 10,232 ) ( 9,890 )
Other operating income: 4,353 5,643
Operating profit(or loss): 2,219 5,486
Profit(or loss) before tax: 2,219 5,486
Tax: ( 7 )
Profit(or loss) for the financial year: 2,219 5,479

BASS DRUM NATION CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 11,489 8,617
Total fixed assets: 11,489 8,617
Current assets
Stocks: 4 530 1,353
Debtors: 5 190 171
Cash at bank and in hand: 6,785 8,262
Total current assets: 7,505 9,786
Creditors: amounts falling due within one year: 6 ( 3,402 ) ( 5,030 )
Net current assets (liabilities): 4,103 4,756
Total assets less current liabilities: 15,592 13,373
Total net assets (liabilities): 15,592 13,373
Members' funds
Profit and loss account: 15,592 13,373
Total members' funds: 15,592 13,373

The notes form part of these financial statements

BASS DRUM NATION 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 30 January 2025
and signed on behalf of the board by:

Name: J Wroe
Status: Director

The notes form part of these financial statements

BASS DRUM NATION 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Plant and machinery 10% Straight line Furniture, fittings and equipment 20% Straight line

    Valuation information and policy

    Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to income and expenditure account as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

BASS DRUM NATION 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 2

BASS DRUM NATION 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 11,269 152 11,421
Additions 4,477 4,477
Disposals
Revaluations
Transfers
At 30 April 2024 15,746 152 15,898
Depreciation
At 1 May 2023 2,684 120 2,804
Charge for year 1,575 30 1,605
On disposals
Other adjustments
At 30 April 2024 4,259 150 4,409
Net book value
At 30 April 2024 11,487 2 11,489
At 30 April 2023 8,585 32 8,617

BASS DRUM NATION CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Stocks

2024 2023
£ £
Stocks 530 1,353
Total 530 1,353

BASS DRUM NATION CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors

2024 2023
£ £
Prepayments and accrued income 190 171
Total 190 171

BASS DRUM NATION CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 7
Accruals and deferred income 2,140 4,963
Other creditors 1,262 60
Total 3,402 5,030

BASS DRUM NATION CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Loans to directors

Related party disclosures Transactions in the year with Director J Wroe. 2024: £12,150 tuition fees paid on a freelance basis, £18,250 gig fees paid on a freelance basis, £2,250 administrative support fees, and £800 event planning fee. (2023: £4,050 tuition fees paid on a freelance basis, £4,050 administrative support fees, and £800 event planning fee.)

COMMUNITY INTEREST ANNUAL REPORT

BASS DRUM NATION CIC

Company Number: 11920198 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Bass Drum Nation CIC is a samba drumming collective. We operate a main band for players, run short samba drumming courses for community members, run workshops for schools and perform gigs at a variety of community events. During the financial year 2023-2024 Bass Drum Nation has benefited the community in the following ways: - Providing a high quality, weekly, creative arts experience for 100+ band members from the local community. . - Established a new band in Ulverston and maintained our bands in Penrith and Kendal, supporting even more people. - Provided samba drumming tuition to members of the community through our programme of short courses. - Combatted loneliness and inactivity by facilitating an activity that promotes social inclusion and physical wellbeing for band members by offering drumming sessions and practices and gigs. - Performed for free at fundraising events e.g Kendal Colour Dash which raised in excess of £24k for Cancer Care, The Great North Run and Kendal Mountain Festival in order to support fundraising activities. We’ve played Kendal Bike Festival, an organisation which actively promotes sustainable transport opportunities in the town. - We’ve also played a free gig for the Cross Bay Challenge and all proceeds from the activity went towards Cancer Care. - Provided the community with a samba drumming group that can be identified as belonging to the town which is led by the people and run for the people. - Provide stakeholders with the opportunity to go on a Retreat and develop their creative practice through running and attending workshops. - Developed international links by facilitating a workshop with Maestre Pato, a Brazilian Maestre living in Canada, for players to attend. We ran a trip to Spain for our members, providing the opportunity to perform at an international samba festival, ‘Conclave de Samba.’

Consultation with stakeholders

Bass Drum Nation’s stakeholders are made up of band members, students on our short courses, owners of the venues that we hire and any external agents who book us, including schools and colleges. We consult with the band members on matters of running and managing the band, the music and the events we have, regularly at practice and on our closed social media group for members only. The band uses these consultations to inform decisions made by the band as a whole e.g. Do we need to recruit more players? Is practice too long/short? How can we help you to learn the tunes? What type of gigs and events would we like to play? Where shall we hold this year’s retreat? The company consults with owners of the venues that we hire on access and health and safety. The company consults with external agents through the gig booking process. Any actions are carried forward.

Directors' remuneration

See accounts for disclosure

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Jenny Wroe
Status: Director