for the Period Ended 28 February 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
( |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
( |
As at
Notes | 2024 | ||
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£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
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 28 February 2024
Basis of measurement and preparation
for the Period Ended 28 February 2024
2024 | ||
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Average number of employees during the period |
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for the Period Ended 28 February 2024
2024 | ||
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£ | ||
Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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During the financial year, People Make The World Go Round (PMTWGR) has been actively developing initiatives to benefit the community, with a strong focus on supporting independent artists and promoting sustainability in music. We have been developing The Dojo, an 8-week workshop in partnership with Earth Percent, designed to equip artists with skills in functional music production, sound science, and mental health resilience. The workshop aims to produce an 8-track wellness EP, integrating music and environmental conservation through the Sounds Right initiative, which redirects streaming royalties to sustainability efforts. PMTWGR has set up as a music distributor, working towards providing independent artists with access to affordable recording facilities and distribution services to help them retain control over their music. We are currently in the process of securing funding to fully implement these programs and expand their impact, ensuring that artists receive training, mentorship, and industry opportunities that foster both creative and professional growth.
The company’s stakeholders include independent artists, producers, community members, and organisations focused on sustainability and mental health, such as Earth Percent and the Tribe Borough Music Hub. The directors of PMTWGR have extensive experience in the music and creative industries and have developed the business model through direct engagement with stakeholders. We regularly consult with our stakeholders through workshops, meetings, and collaborative projects. For example, during the development of The Dojo workshop, we worked closely with artists to understand their needs for functional music training and mental health support. Feedback from stakeholders helped us shape the workshop’s focus on CBT techniques, sound science, and music production for wellness. Additionally, we engage with our wider community via surveys and informal discussions to identify barriers faced by independent artists, such as access to distribution services and affordable studio space. The insights gained from these consultations have informed our decision to set up a music distribution service and offer accessible recording facilities to empower artists while fostering sustainability. We encourage stakeholders to share their ideas and suggestions through regular meetings, feedback forms, and open discussions, ensuring that PMTWGR continues to evolve in response to the needs of its community.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
5 February 2025
And signed on behalf of the board by:
Name: Daniel Miles
Status: Director