WHAT IF WE CREATE CIC

Company limited by guarantee

Company Registration Number:
14078455 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

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Contents of the Financial Statements

for the Period Ended 30 April 2024

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

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Directors' report period ended 30 April 2024

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

Principal activities of the company

The company's principal activity during the year was to develop arts, heritage and cultural projects with the community.



Directors

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

Wendy Wai-Ying Chan
Lucy Elizabeth Frejiszyn Hanson


The director shown below has held office during the period of
1 May 2023 to 31 October 2023

Hayley Joyce McPhun


The director shown below has held office during the period of
6 October 2023 to 30 April 2024

Nicola Dawn Thangaraju White


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
17 February 2025

And signed on behalf of the board by:
Name: Wendy Wai-Ying Chan
Status: Director

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Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 11,051 0
Cost of sales: ( 11,300 ) 0
Gross profit(or loss): (249) 0
Administrative expenses: ( 2,376 )
Other operating income: 2,686
Operating profit(or loss): 61 0
Interest receivable and similar income: 6
Profit(or loss) before tax: 67 0
Tax: ( 13 )
Profit(or loss) for the financial year: 54 0

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Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 2,247
Total current assets: 2,247
Creditors: amounts falling due within one year: 3 ( 2,193 )
Net current assets (liabilities): 54
Total assets less current liabilities: 54
Total net assets (liabilities): 54
Members' funds
Profit and loss account: 54 0
Total members' funds: 54 0

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 April 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 17 February 2025
and signed on behalf of the board by:

Name: Wendy Wai-Ying Chan
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 April 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

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Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024
£
Trade creditors 2,180
Taxation and social security 13
Total 2,193

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 14078455 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Develop arts, heritage and cultural projects with the community whilst supporting local organisations in projects, events and festivals. During the financial year 2023-2024, the organisation's activities have benefited the community in the following ways: Engaged face-to-face with over 447 members of the community of North East Lincolnshire through our sessions and work with local organisations. Offered opportunities to engage with over 211 students in 5 schools and 26 teachers and teaching staff during CPD sessions in training in Arts and Printmaking. Connected and supported other third sector organisations in the delivery of quality arts and culture, currently not offered by a local organisation. Supports green practices and delivers quality sustainable creative arts and culture workshops to support advocacy for local climate awareness.

Consultation with stakeholders

The company’s stakeholders are participants who come to our sessions/workshops, local organisations who work and deliver sessions to the public, and community groups in and around North East Lincolnshire. We have steadily built up a reputation for quality and engaging community work which is reflected in our participation and audience figures. We ask for informal feedback and more direct written surveys on all our sessions and workshops. Based on this research, we adapt and maintain a high quality of work on offer so that we can develop our future ideas with and for the local communities that we work with. While also maintaining our drive to be a sustainable green practice in all areas of our organisation.

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
20 January 2025

And signed on behalf of the board by:
Name: Wendy Chan
Status: Director