WOMEN IN THEATRE EAST MIDLANDS CIC

Company limited by guarantee

Company Registration Number:
10517767 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

WOMEN IN THEATRE EAST MIDLANDS CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

WOMEN IN THEATRE EAST MIDLANDS CIC

Directors' report period ended 31 December 2024

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

Principal activities of the company

The principal activity of the company during the year under review was operating as a small multi-form suburban arts facility hosting innovative and affordable shows, and helping new and emerging artists to showcase their work and establish their careers.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

P.M. Carlino
O. O'Connor
G.R. Stalley
S. Valieva


The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

D. Bell


The directors shown below have held office during the period of
1 January 2024 to 30 September 2024

L. Niedermaier-Reed
H.E. Platts


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
12 February 2025

And signed on behalf of the board by:
Name: G.R. Stalley
Status: Director

WOMEN IN THEATRE EAST MIDLANDS CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 6,790 13,240
Cost of sales: ( 4,706 ) ( 12,467 )
Gross profit(or loss): 2,084 773
Distribution costs: ( 113 )
Administrative expenses: ( 2,608 ) ( 2,612 )
Other operating income: 280 1,776
Operating profit(or loss): (357) (63)
Profit(or loss) before tax: (357) (63)
Tax: 80 ( 5 )
Profit(or loss) for the financial year: (277) (68)

WOMEN IN THEATRE EAST MIDLANDS CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 0 420
Total fixed assets: 0 420
Current assets
Debtors: 4 458
Cash at bank and in hand: 2,190 4,587
Total current assets: 2,190 5,045
Creditors: amounts falling due within one year: 5 ( 2,512 ) ( 5,430 )
Net current assets (liabilities): (322) (385)
Total assets less current liabilities: (322) 35
Provision for liabilities: ( 80 )
Total net assets (liabilities): (322) (45)
Members' funds
Profit and loss account: (322) ( 45)
Total members' funds: ( 322) (45)

The notes form part of these financial statements

WOMEN IN THEATRE EAST MIDLANDS CIC

Balance sheet statements

For the year ending 31 December 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 12 February 2025
and signed on behalf of the board by:

Name: G.R. Stalley
Status: Director

The notes form part of these financial statements

WOMEN IN THEATRE EAST MIDLANDS CIC

Notes to the Financial Statements

for the Period Ended 31 December 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the Company; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Plant and machinery 25% reducing balance

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

WOMEN IN THEATRE EAST MIDLANDS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

WOMEN IN THEATRE EAST MIDLANDS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 998 998
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 998 998
Depreciation
At 1 January 2024 578 578
Charge for year 420 420
On disposals
Other adjustments
At 31 December 2024 998 998
Net book value
At 31 December 2024 0 0
At 31 December 2023 420 420

WOMEN IN THEATRE EAST MIDLANDS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 458
Total   458

WOMEN IN THEATRE EAST MIDLANDS CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 2,512 5,430
Total 2,512 5,430

COMMUNITY INTEREST ANNUAL REPORT

WOMEN IN THEATRE EAST MIDLANDS CIC

Company Number: 10517767 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Upstairs At The Western CIC is a multi-genre arts venue in the west end of Leicester. The theatre ran a full program in 2023 putting on a range of drama, poetry, magic or comedy events each week. Our initiatives to get artists back on stage and audiences back into the auditorium was supported by box office incentives (eg 90% of ticket sales to the artist), ticketing incentives (eg absorbing booking fees) and community development activities (eg craft events) continued, enabled by some small national and local grants.

Consultation with stakeholders

The company's stakeholders are artistic producers and artistic audiences in the west end of Leicester, Leicester and further afield. In 2023 we ran an audience survey. Overall, the comments about Upstairs at The Western were positive, highlighting the friendly and helpful staff, the intimate and characterful theatre space, and the overall enjoyment of the performances. Some specific incidents indicate a positive and helpful atmosphere. Despite some minor critiques (eg leg room between seat rows), many express a willingness to return to the venue, praising the performances and the overall experience. There are a couple of negative comments regarding the absence of tea or coffee service in the pub downstairs, but these comments seem to be isolated issues rather than reflective of the general experience.

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
12 February 2025

And signed on behalf of the board by:
Name: G. R . Stalley
Status: Director