for the Period Ended 31 May 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Additional information
Statement of Directors' Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Directors
The directors shown below have held office during the whole of the period from
12 May 2023
to
31 May 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
13 months to 31 May 2024 | ||
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Profit(or loss) for the financial year: |
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As at
Notes | 13 months to 31 May 2024 | ||
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Fixed assets | |||
Tangible assets: | 3 |
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Stocks: | 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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Total assets less current liabilities: |
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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 31 May 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 May 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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At 31 May 2024 |
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for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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Stocks |
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for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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Taxation and social security |
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Other creditors |
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The Potthouse Collective opened it’s doors for business in September 2023, in it’s first year of business (and it’s first financial year, 2023-2024) the Potthouse Collective has established a pottery studio and artist space which offers the following services to benefit it’s local community: - A pottery studio offering classes and courses to the locals of Gloucestershire and beyond. In addition to pottery being an excellent creative education it has also been proven to offer a natural improvement to the mental health and wellbeing of those who participate. The studio offers an average of 14-20 classes and courses per month for an average of 75-100 customers per month. - ‘Independent Pottery’ is also offered in the studio, allowing members of the local community to come and use the studio and it’s facilities for their personal ceramic practice and exploration. These ‘independent potter’ sessions, in addition to offering the usual benefits of pottery practice, also act as a social opportunity as the same groups of people meet every week and bond over a shared interest. The studio hosts an average of 45-55 independent pottery customers (all of whom live within Gloucestershire). - The Artist Space offers affordably priced studio spaces for local artists which can be rented and used for artistic practice and development. In 2023-24, 10 local artists made use of the spaces available. In addition to the creative community that allows them to thrive, being part of the space also allows for potential opportunities for exposure for their work, aiding in their career development (including, for example, the upcoming Cheltenham Open Studios event in June 2025). - The studio offers opportunities for large community engagement and fundraising (for example, in September 2024 where a Macmillan Cancer Research fundraiser and open day was held, raising over £500 for the charity). - The studio has provided full-time or part-time employment for 3 local residents.
The stakeholders of the Potthouse Collective are the independent potters and resident artists who regularly make use of the studio, the class and course customers who visit less regularly and the wider Cheltenham community. For our more direct stakeholders, we maintain a regular and direct communication method through WhatsApp. - The Independent Potters: Have participated in two anonymous surveys in the period of 2023-2024. The surveys focus on the customer satisfaction of the space, the equipment and materials on offer. Additionally, it asks for feedback and ideas of ways of improving the space and/or new services, classes or courses that could be to the benefit of our customers. Independent potters are also encouraged to speak in person to staff where there may be any concerns. In December of 2023, voluntary Independent Potters also partook in an additional survey focusing on the mental health impact (and improvement of mood) that occurs over a session of pottery. - The Resident Artists (Artist Space Artists): Have also participated in surveys directly related to their space. Communication with this group is quick and responsive especially insofar as any concerns about the space they make use of but also with the sharing of opportunities for the group. In the period 2023-2024 the resident artists were most directly impacted by a leak in the studio; the resident artists were quickly informed, all their possessions protected and necessary work done to fix the issue promptly. The resident artists are also encouraged to visit the studio for group meetings regularly. - Class/Course Customers and the wider community: Harnessing social media allows us to cast a wider net to our local community to get a wider array of opinions about what services and pottery education they would like the studio to provide. The customers who visit the studio for one-off classes are encouraged to express any thoughts or ideas they may have and contact is possible through email and instagram/facebook after the class. All customers upon collection of their finished work are also encouraged to leave a review for the studio expressing their true opinions of their experiences in the space.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
7 February 2025
And signed on behalf of the board by:
Name: Tanya McDonald
Status: Director