PEOPLE MAKE THE WORLD GO ROUND CIC

Company Registration Number:
14687891 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 24 February 2023

End date: 28 February 2024

PEOPLE MAKE THE WORLD GO ROUND CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

PEOPLE MAKE THE WORLD GO ROUND CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024


£
Turnover: 678
Cost of sales: ( 495 )
Gross profit(or loss): 183
Distribution costs: 0
Administrative expenses: ( 1,036 )
Other operating income: 0
Operating profit(or loss): (853)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (853)
Tax: 0
Profit(or loss) for the financial year: (853)

PEOPLE MAKE THE WORLD GO ROUND CIC

Balance sheet

As at 28 February 2024

Notes 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 137
Total current assets: 137
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 126 )
Net current assets (liabilities): 11
Total assets less current liabilities: 11
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 11
Capital and reserves
Called up share capital: 1
Share premium account: 0
Other reserves: 0
Profit and loss account: 10
Total Shareholders' funds: 11

The notes form part of these financial statements

PEOPLE MAKE THE WORLD GO ROUND CIC

Balance sheet statements

For the year ending 28 February 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 5 February 2025
and signed on behalf of the board by:

Name: Daniel Miles
Status: Director

The notes form part of these financial statements

PEOPLE MAKE THE WORLD GO ROUND CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

PEOPLE MAKE THE WORLD GO ROUND CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

PEOPLE MAKE THE WORLD GO ROUND CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 26
Other creditors 100
Total 126

COMMUNITY INTEREST ANNUAL REPORT

PEOPLE MAKE THE WORLD GO ROUND CIC

Company Number: 14687891 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

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.

Consultation with stakeholders

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.

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
5 February 2025

And signed on behalf of the board by:
Name: Daniel Miles
Status: Director