CLOCKWORK STUDIOS PRESCOT CIC

Company limited by guarantee

Company Registration Number:
14384150 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

CLOCKWORK STUDIOS PRESCOT CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

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

CLOCKWORK STUDIOS PRESCOT CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Principal activities of the company

The principle activities of the business are that of non-profit community support including co-working cafe.



Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Kelly Roskell
Francesca Manca
Marie Lewtas


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
14 February 2025

And signed on behalf of the board by:
Name: Kelly Roskell
Status: Director

CLOCKWORK STUDIOS PRESCOT CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 78,812 16,188
Cost of sales: ( 18,141 ) ( 13,941 )
Gross profit(or loss): 60,671 2,247
Administrative expenses: ( 72,614 ) ( 45,270 )
Other operating income: 189
Operating profit(or loss): (11,943) (42,834)
Profit(or loss) before tax: (11,943) (42,834)
Profit(or loss) for the financial year: (11,943) (42,834)

CLOCKWORK STUDIOS PRESCOT CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 178 357
Total fixed assets: 178 357
Current assets
Debtors: 4 10,237 215
Cash at bank and in hand: 13,804 2,997
Total current assets: 24,041 3,212
Creditors: amounts falling due within one year: 5 ( 78,996 ) ( 46,403 )
Net current assets (liabilities): (54,955) (43,191)
Total assets less current liabilities: (54,777) ( 42,834)
Total net assets (liabilities): (54,777) (42,834)
Members' funds
Profit and loss account: (54,777) ( 42,834)
Total members' funds: ( 54,777) (42,834)

The notes form part of these financial statements

CLOCKWORK STUDIOS PRESCOT CIC

Balance sheet statements

For the year ending 30 September 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 14 February 2025
and signed on behalf of the board by:

Name: Kelly Roskell
Status: Director

The notes form part of these financial statements

CLOCKWORK STUDIOS PRESCOT CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

    Tangible fixed assets depreciation policy

    Fixtures and Fitting SL over 3 years 33.33%

CLOCKWORK STUDIOS PRESCOT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CLOCKWORK STUDIOS PRESCOT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 536 536
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 536 536
Depreciation
At 1 October 2023 179 179
Charge for year 179 179
On disposals
Other adjustments
At 30 September 2024 358 358
Net book value
At 30 September 2024 178 178
At 30 September 2023 357 357

CLOCKWORK STUDIOS PRESCOT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Trade debtors 10,237 215
Total 10,237 215

CLOCKWORK STUDIOS PRESCOT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 43,666 21,826
Other creditors 35,330 24,577
Total 78,996 46,403

CLOCKWORK STUDIOS PRESCOT CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Financial Commitments

Creditors balance of £78,997 is made up of Trade Creditors (£43,667) and Directors Loan (£35,330). The Trade Creditors balance is mostly made up of outstanding rent which is on a repayment plan and a disputed account balance from BT. The Directors Loan balance is an ongoing financial committment from the board of Directors which will only be repaid to them once the business is sustainable. The Directors maintain their financial commitment to the business.

COMMUNITY INTEREST ANNUAL REPORT

CLOCKWORK STUDIOS PRESCOT CIC

Company Number: 14384150 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Clockwork Studios Directors offer complimentary consultations and volunteer their time to oversee projects at no cost, and are always ready to engage in discussions about business, life, or both. Clockwork Studios has developed a range of projects, programmes and community activities. Some of these have received one off funding, others have received ongoing or recurring funding and are evolving all the time. Examples of delivery to date include the following. Lunchtime Masterminds There are Free Lunchtime Learning Sessions, which were originally funded by the Business & IP Centre Liverpool, provide spaces for those most in need of business support to receive guidance on starting a business and managing wellbeing at work. Local partners Clockwork Studios have worked with to deliver these sessions have included Steel Habitat, Matchstick Creative, Empowerment Passport and Big Condo Academy. The sessions have consisted of 15 one-hour lunchtime talks held in the meeting room and occasionally in the main hotdesking area. These talks, led by local professionals and experts, have addressed topics ranging from business growth to well-being, mental health, fitness, and more. Attendance was free for all participants, but the funding received was utilised to compensate the experts for their time. 175 people have attended across all the events. Opportunities may exist to run this again potentially though alternative funding or through corporate sponsorship. Start Up School A key goal of Clockwork Studios is to assist entrepreneurs in bringing their business concepts to fruition. Starting a business can be overwhelming, which there development of the Startup School comes in. This is a program made of four simple modules to guide aspiring entrepreneurs in launching their businesses successfully. The modules include Business Set Up, Developing a Business Plan, Establishing Cashflow, and Acquiring Client. The School has been fully funded and has been targeted at entrepreneurs living within Clockwork Studios catchments at no cost. 8 entrepreneurs have been assisted over two rounds and 6 businesses opened as a result. £500 of funding has been provided by the Tourist Foundation but the rest of the delivery has been provided by the Directors FOC to Clockwork Studios. Coaching for Neurodivergent Entrepreneurs Also funded by Business & IP Centre Liverpool this enabled Francesca to provide 1-2-1 bespoke coaching to 6 neurodivergent entrepreneurs out of Clockwork Studios. This has included a 6 session cycle for people with special needs, who want to start or run their own business. Employability Programmes Through a collaboration between Knowsley Council’s “Better Together Program” and LJMU, Clockwork Studios have been able to provide fully funded Level 2 and Level 3 qualifications, along with various employability programmes. These initiatives have included a money management course, CV reviews, stress management sessions, upskilling and transferable skills workshops, and many other offerings. By partnering with local businesses and colleges, Clockwork Studios have organised these enriching events, which all featured complimentary breakfast and lunch, and in certain instances, reimbursements for travel expenses. Warrior Parent Summit When launched Clockwork Studios conducted research to identify the requirements of the local community which has enabled the provision of courses and workshops tailored to their needs. A crucial discovery was that the Knowsley borough ranks as the second most disadvantaged area in the UK, with deteriorating mental health among its residents. With the support of the Community Foundation for Lancashire and Merseyside, Clockwork Studios organised a complimentary workshop for parents of teenagers struggling with suicidal thoughts and self-harm. This was led by Lidia Santos Molina, the Founder of Parenteen UK, and spanned six weeks. 20 parents signed up and 267 family members saw benefits from the course. Breathe Better Air Project This initiative supported local schools and small businesses in fostering environmental consciousness for a more sustainable and healthier future. Also funded by the Community Foundation for Lancashire and Merseyside, the programme involved 90-minute workshops conducted with small groups, where Clockwork Studios provided insights on sustainability and requested participants to commit to a pledge. A month later, Clockwork Studios revisited to assess their progress in adopting more sustainable behaviours. Even with its constrained budget, the "Breathe Better Air" programme has had a notable influence. Time for Art Through funding from Emily Spurrell, Police and Crime Commissioner, Clockwork Studios ran 12 weeks of a project revolving around art and wellbeing. This included 12 free drop-in sessions on art therapy, tattoo design, and colouring in for wellbeing, all run by local artists and professionals. Positive Motions Clockwork Studios has collaborated with Leemo57, a Twitch Partner and certified mental health professional who specialises in assisting teenagers in the Liverpool City Region. The goal was to encourage and assist local teenagers in pursuing their aspirations of becoming online content creators while establishing a secure online community. During the program, participants were led through the precise process of creating a brand and fostering an online community securely while streaming as gamers. From designing logos and banners to handling rejection and negative feedback, the participants have been supported at every stage. This project has been funded by KMBC with a donation from Merseyside Police for a new PC and gaming decor and has more recently received recurring funding, having been successful with two more bids to provide three lots of 12 week programmes; £3k from KMBC and £5k from Livv Housing. No Waste Saturdays Clockwork Studios have partnered up, firstly with Liverpool Zero Waste and then Food Social to work on its sustainability goals whilst also helping the community. Clockwork Studios have offered its space as a venue FOC and donated their time to pick up surplus food from supermarkets across Liverpool and then re-distribute the food to the community for free, every Saturday. Clockwork Studios see this as a core part of their sustainability goals which enables them to give away food in the cafe. They want to continue with this but need more people resources to carry it on including a proposed a Cafe/ Co-Working, Front of House Role and new volunteers. Rediscover 18th Century Prescot As part of Knowsley Council's “Better Together Winter Wellness Program”, Clockwork Studios provided local residents with 'Rediscover 18th Prescot'. Funded by the National Lottery Heritage Fund, this 12-week program was led by a local historian and previous museum curator. The host guided participants through an exploration of life and trades in 18th Century Prescot. During the sessions, Clockwork Studios transformed into a warm hub, serving hot meals, drinks, and pastries. This also provided a welcoming, sheltered space for participants to connect with other community members. The Project ends in March and has created lots of community engagement but very time intensive for the Directors. United for Ukraine As part of the Eurovision celebrations, Clockwork Studios arranged a community fun day with support from EuroGrant which saw the community come together to celebrate diversity and inclusion. Collaborating with a Ukrainian milliner who escaped the war, people learned how to craft traditional Ukrainian flower crowns while gaining insight into her homeland. Additionally, her daughter, a skilled artisan, joined the celebrations and arranged a stall. Attendees enjoyed complimentary refreshments, and a local photographer assisted in producing a video showcasing immigrant business owners in Prescot. The event sparked discussions on themes like belonging, finding a sense of home, and more. Halloween Upon receiving funding from Emily Spurrell, Merseyside Police and Crime Commissioner, Clockwork Studios arranged an entire weekend of complimentary family-friendly events, including Pumpkin Carving, Spooky Storytelling, Face Painting, Street Performers, and a Halloween Cinema. This brought local families together with some local businesses getting involved by paying for the pumpkins.

Consultation with stakeholders

Clockwork Studio's stakeholders are the local community of Prescot. The Directors have worked in Prescot for a number of years and developed the business odel in response to the community needs. We constantly ask for ideas and requests for projects and then also again request feedback to projects that have been delivered. All future projects are then considered based on this need.

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
14 February 2025

And signed on behalf of the board by:
Name: Kelly Roskell
Status: Director