COMMON WORKS GALLERY CIC

Company limited by guarantee

Company Registration Number:
14011971 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

COMMON WORKS GALLERY CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Community Interest Report

COMMON WORKS GALLERY CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 10,671 2,470
Cost of sales: ( 10,289 ) ( 1,805 )
Gross profit(or loss): 382 665
Operating profit(or loss): 382 665
Profit(or loss) before tax: 382 665
Profit(or loss) for the financial year: 382 665

COMMON WORKS GALLERY CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 382 0
Total current assets: 382 0
Net current assets (liabilities): 382 0
Total assets less current liabilities: 382 0
Total net assets (liabilities): 382 0
Members' funds
Profit and loss account: 382 0
Total members' funds: 382 0

The notes form part of these financial statements

COMMON WORKS GALLERY CIC

Balance sheet statements

For the year ending 31 March 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 10 December 2024
and signed on behalf of the board by:

Name: Katharine Rowe
Status: Director

The notes form part of these financial statements

COMMON WORKS GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

COMMON WORKS GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

COMMUNITY INTEREST ANNUAL REPORT

COMMON WORKS GALLERY CIC

Company Number: 14011971 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Common Works Gallery is a non-profit community interest company based in Wimbledon that organises community arts events. We aim to SHOWCASE artists, provide them with a supportive COMMUNITY as well as opportunities to COLLABORATE in paid workshops and commissions, and finally to INSPIRE everyone to explore their own creativity. In 2023-24 we organised an exhibition of 10 local women artists at a local hotel, Cannizaro House. This exhibition, called Colour and Light, was free to the general public throughout the month of June. 10% of profits from sales went to the Trussell Trust Wimbledon Foodbank and 5% to future arts events. Our major project in 2023 was the second Art in the Park one-day arts festival in September 2023. This event was free to the general public and consisted of workshops and creative activities for all ages, a sculpture trail and an art fair showcasing local artists.

Consultation with stakeholders

Our company stakeholders include visitors to events, the exhibiting artists, our sponsors (local businesses) and the hosts of our events (Cannizaro House from Hotel du Vin and The Friends of Cannizaro Park who look after Cannizaro Park on behalf of Merton Council). We send out Google form surveys to get feedback from visitors and artists and use them to inform our planning and check we are delivering on our aims. Our community of artists is developing with each event and we connect with them regularly via social media in between the major events.

Directors' remuneration

Directors’ remuneration is paid on a project by project basis and can be found listed as project management fees or other specified role, eg graphic design, per project in the account.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 December 2024

And signed on behalf of the board by:
Name: Katharine Rowe
Status: Director