MAX MEDIA ARTS CIC

Company limited by guarantee

Company Registration Number:
07053779 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

MAX MEDIA ARTS CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

MAX MEDIA ARTS CIC

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal activities of the company

Principal activities Principal activity of the company during the financial year was to provide local community festival events and support local talent.



Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

Moira Katrina Tait
Elisabetta Fumagalli
Jeffrey Michael Roberts


Secretary Moira Katrina Tait

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
10 February 2025

And signed on behalf of the board by:
Name: Moira Katrina Tait
Status: Secretary

MAX MEDIA ARTS CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 32,077 37,613
Cost of sales: ( 24,412 ) ( 36,346 )
Gross profit(or loss): 7,665 1,267
Distribution costs: ( 1,828 ) ( 1,929 )
Administrative expenses: ( 5,116 ) ( 2,721 )
Operating profit(or loss): 721 (3,383)
Profit(or loss) before tax: 721 (3,383)
Tax: 0 0
Profit(or loss) for the financial year: 721 (3,383)

MAX MEDIA ARTS CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 2,333 1,612
Investments:   0 0
Total current assets: 2,333 1,612
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 2,333 1,612
Total assets less current liabilities: 2,333 1,612
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,333 1,612
Members' funds
Profit and loss account: 2,333 1,612
Total members' funds: 2,333 1,612

The notes form part of these financial statements

MAX MEDIA ARTS CIC

Balance sheet statements

For the year ending 31 October 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 February 2025
and signed on behalf of the board by:

Name: Moira Katrina Tait
Status: Director

The notes form part of these financial statements

MAX MEDIA ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

MAX MEDIA ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

COMMUNITY INTEREST ANNUAL REPORT

MAX MEDIA ARTS CIC

Company Number: 07053779 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The company ran Brockley Max festival which has helped to create a sense of community ownership of the area and fostered social cohesion. It has encouraged residents to discover new talents, and celebrate their community. By becoming involved at an organisational or performance level, it has empowered people to use their skills. The festival has worked in partnership with businesses raising their profile and therefore increasing awareness and sustainability. Our volunteer programme has nearly 100 local people volunteer each year, including refugees and migrants, and works with local community organisations and charities to offer volunteer opportunities to their users.

Consultation with stakeholders

The stakeholders are the community of Lewisham borough. Consultation was through discussions with local people via Brockley Max festival public meetings, Local Assembly meetings, social media, on local blogs and through email questionnaires, we identified several issues: a desire for cross cultural activities to bring different communities together; a desire for parents to have more things for children to do; a feeling that the arts are quite exclusive and expensive; a lack of venues for people to perform; a lack of activities for youth. In response we focussed on increasing more volunteers under 25, ensured that at least 50% of activities are family friendly, that 90% of activities were free and reflected the diversity of our 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
10 February 2025

And signed on behalf of the board by:
Name: Moira Tait
Status: Director