for the Period Ended 31 March 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 March 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
20 March 2023
to
31 March 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
2024 | ||
---|---|---|
|
£ |
|
Turnover: |
|
|
Cost of sales: |
(
|
|
Gross profit(or loss): |
|
|
Distribution costs: |
|
|
Administrative expenses: |
(
|
|
Other operating income: |
|
|
Operating profit(or loss): |
|
|
Interest receivable and similar income: |
|
|
Interest payable and similar charges: |
|
|
Profit(or loss) before tax: |
|
|
Tax: |
(
|
|
Profit(or loss) for the financial year: |
|
As at
Notes | 2024 | ||
---|---|---|---|
|
£ |
||
Fixed assets | |||
Intangible assets: |
|
||
Tangible assets: |
|
||
Investments: |
|
||
Total fixed assets: |
|
||
Current assets | |||
Stocks: |
|
||
Debtors: | 3 |
|
|
Cash at bank and in hand: |
|
||
Investments: |
|
||
Total current assets: |
|
||
Prepayments and accrued income: |
|
||
Creditors: amounts falling due within one year: | 4 |
(
|
|
Net current assets (liabilities): |
|
||
Total assets less current liabilities: |
|
||
Total net assets (liabilities): |
|
||
Members' funds | |||
Profit and loss account: |
|
||
Total members' funds: |
|
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 March 2024
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 March 2024
2024 | ||
---|---|---|
Average number of employees during the period |
|
for the Period Ended 31 March 2024
2024 | ||
---|---|---|
£ | ||
Trade debtors |
|
|
Prepayments and accrued income |
|
|
Other debtors |
|
|
Total |
|
for the Period Ended 31 March 2024
2024 | ||
---|---|---|
£ | ||
Taxation and social security |
|
|
Accruals and deferred income |
|
|
Total |
|
Brains Powered by Music CIC provides accredited post-16 provisions in electronic music education and electronic music rehabilitation interventions. Our programmes support individuals who do not meet the criteria to attend traditional colleges or qualify for funding for rehabilitation interventions. Over the past year, we have successfully delivered the following activities that have benefited the community: Student Performances: Our students have participated in various events, gaining practical experience and contributing to the local and national music scene. The events include: Accesfest UKABIF Annual Event Headway 40th Anniversary Ball Headway Bury Headway Hudds Headway Salford Beyond Conference CBIT Conference These performances have provided students with a platform to showcase their skills, build confidence, and engage with wider audiences. Subsidised Courses: We have offered subsidised courses to self-funded students, ensuring that financial constraints do not hinder access to quality music education. This initiative has supported individuals in pursuing their passion for music and has opened up future career opportunities for them. Over the past year, two students have successfully completed subsidised courses, equipping them with the skills and experience needed to progress in the music industry. Through these activities, we have observed significant positive outcomes, including the development of motor and coordination skills, increased attention and concentration, improved memory, enhanced executive functioning skills, and boosted confidence and self-esteem among our students.
Our stakeholders include students, their families, local community members, and partner organisations. We have engaged with them through regular feedback sessions, surveys, and informal discussions to understand their needs and expectations. In response to the feedback received, we have: Expanded our course offerings to include a wider range of music genres and skills. Increased the number of subsidised course placements to support more self-funded students. Organised additional performance opportunities for students to gain practical experience. Facilitated student participation in focus groups, helping to inform the design of new equipment and innovative ways of learning. These developments are being supported through a UK Research and Innovation (UKRI) funded Creative Catalyst grant. These actions have been implemented to better serve our community and to ensure that our programmes remain relevant and impactful.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
13 February 2025
And signed on behalf of the board by:
Name: Dr Penelope Trayner
Status: Director