STUDIO KIND. COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12914790 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

STUDIO KIND. COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

STUDIO KIND. COMMUNITY INTEREST COMPANY

Directors' report period ended 30 September 2024

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

Directors

The director shown below has held office during the whole of the period from
1 October 2023 to 30 September 2024

Laura Porter


The director shown below has held office during the period of
1 October 2023 to 1 June 2024

Richard Gregory


The director shown below has held office during the period of
1 June 2024 to 30 September 2024

Peter Stiles


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
30 November 2024

And signed on behalf of the board by:
Name: Laura Porter
Status: Director

STUDIO KIND. COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 31,538 23,603
Cost of sales: ( 428 ) ( 357 )
Gross profit(or loss): 31,110 23,246
Administrative expenses: ( 72,350 ) ( 58,864 )
Other operating income: 40,920 37,545
Operating profit(or loss): (320) 1,927
Profit(or loss) before tax: (320) 1,927
Tax: ( 366 )
Profit(or loss) for the financial year: (320) 1,561

STUDIO KIND. COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 328 0
Total fixed assets: 328 0
Current assets
Cash at bank and in hand: 12,718 6,108
Total current assets: 12,718 6,108
Creditors: amounts falling due within one year: 4 ( 4,205 ) ( 3,947 )
Net current assets (liabilities): 8,513 2,161
Total assets less current liabilities: 8,841 2,161
Accruals and deferred income: ( 7,600 ) ( 600 )
Total net assets (liabilities): 1,241 1,561
Members' funds
Profit and loss account: 1,241 1,561
Total members' funds: 1,241 1,561

The notes form part of these financial statements

STUDIO KIND. COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 September 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 November 2024
and signed on behalf of the board by:

Name: Laura Porter
Status: Director

The notes form part of these financial statements

STUDIO KIND. COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 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

    Tangible fixed assets depreciation policy

    Computer equipment has been depreciated at 18% reducing balance.

STUDIO KIND. COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

STUDIO KIND. COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 0 0
Additions 400 400
Disposals
Revaluations
Transfers
At 30 September 2024 400 400
Depreciation
At 1 October 2023 0 0
Charge for year 72 72
On disposals
Other adjustments
At 30 September 2024 72 72
Net book value
At 30 September 2024 328 328
At 30 September 2023 0 0

STUDIO KIND. COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 366
Other creditors 4,205 3,581
Total 4,205 3,947

COMMUNITY INTEREST ANNUAL REPORT

STUDIO KIND. COMMUNITY INTEREST COMPANY

Company Number: 12914790 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Art and Culture Showcasing artistic excellence and contemporary thought through a range of curated exhibitions, open calls and hired venue shows to create an exciting, engaging and innovative programme. We focus on art that is accessible for both audiences and participants; raising the profile of local artists as well as bringing cutting edge art to local audiences. Art and Learning By facilitating exhibitions, workshops, artist talks, performances, art socials, residencies and online activity, Studio KIND. Champions emerging talent from Devon and beyond, engaging people of all ages, abilities and cultures. Through collaboration, discussion, promotion and skill sharing, our programme of events and exhibitions inspire and nurture creativity in a safe and inclusive environment, sup-porting the development and progression of artistic activity from all backgrounds. Art and the Community Studio KIND. is a significant cultural initiative in the heart of North Devon, exhibiting art that is reflective of the local community as well as the wider art scene in the UK. The space is available to hire for events and exhibitions led by various community groups alongside curated shows, encouraging a dialogue that is responsive to the local community. Studio KIND. raises the profile of contemporary art in Devon, making a positive impact to the area’s artistic and cultural development and contributing to public appreciation of contemporary art.

Consultation with stakeholders

Our stakeholders are the local community in the form of; individuals; arts, sports and leisure groups; schools and healthcare providers; artists (local, regional, and national); other cultural organisations. Our consultation is through audience and artist feedback forms and by working in collaboration with school staff and healthcare providers, and we have participated in community working groups. We have provided more workshops as a direct response to requests from feedback, including our free children’s workshops. We have also tailored our activities to suit the interest of the community and are working with a number of other NFP and charitable organisations on cross-collaborative projects in direct response the most impactful elements of the work we are doing.

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
30 November 2024

And signed on behalf of the board by:
Name: Laura Porter
Status: Director