for the Period Ended 31 March 2024
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Current assets | |||
Stocks: | 3 |
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Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 March 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 March 2024
2024 | 2023 | |
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£ | £ | |
Accruals and deferred income |
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Total |
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The Company has continued to support and promote 50+ local independent artists and makers and a bookseller by selling their work in the gallery/shop and by providing opportunities to be part of events such as Open Up Sheffield (the major annual open studios event in the area), Sheffield Heritage Open Days, and a Christmas ‘pop up’ in a prime location in the city – all at low or no cost to the individual. The Company has also continued to support and promote them on social media. The Company has continued to promote and sell the work of the students of Freeman College, located next to the gallery/shop and entered discussions around resuming work experience opportunities for the students of the College – an educational charity providing for young people aged 16-25 who have learning difficulties. The Company worked with Sheffield Hallam University to provide a real life business project for final year business students. The resulting report by the students was excellent and many of the recommendations have been implemented. Visitors and customers in the gallery/shop have continued to be able to enjoy access to local art and crafts and to purchase them. We receive much positive feedback on a regular basis.
In addition to the opportunities provided to our primary beneficiaries – local artists and makers, the Company has continued to promote and sell the work of the students of Freeman College, located next to the gallery/shop and entered discussions around resuming work experience opportunities for the students of the College – an educational charity providing for young people aged 16-25 who have learning difficulties. This provision was in place pre-pandemic but suspended due to it. The Company worked with Sheffield Hallam University to provide a real life business project for final year business students. The resulting report by the students was excellent and many of the recommendations have been implemented. Visitors and customers in the gallery/shop have continued to be able to enjoy access to local art and crafts and to purchase them. We receive much positive feedback on a regular basis.
Directors received commission on goods sold in the shop totalling £1,719. Directors received volunteer costs (travel and subsistence) totalling £143. 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.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
31 January 2025
And signed on behalf of the board by:
Name: Anne Phipps
Status: Director