THE ART ROOM, DENBY DALE CIC

Company limited by guarantee

Company Registration Number:
14851557 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 8 May 2023

End date: 31 May 2024

THE ART ROOM, DENBY DALE CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

THE ART ROOM, DENBY DALE CIC

Directors' report period ended 31 May 2024

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

Principal activities of the company

Directors' Report: Principal Activities of the Company Company Name: The Art Room DENBY DALECIC Reporting Period: 2023 TO 2024 Principal Activities of the Company The Art Room CIC is a community-focused organisation dedicated to providing accessible and inclusive art opportunities for individuals of all backgrounds and abilities. Our core activities include: Art Education & Workshops Delivering structured art classes for children, adults, and seniors. Providing specialised sessions, such as art therapy workshops for mental well-being. Offering outreach programs to schools, care homes, and community groups. Community Engagement & Inclusion Hosting open studio sessions, exhibitions, and collaborative art projects. Running free and subsidised workshops to ensure accessibility for low-income individuals. Partnering with local organisations to promote diversity, equity, and inclusion in the arts. Artist Development & Support Offering opportunities for emerging and local artists to showcase their work. Providing teaching and mentoring roles to artists and creatives. Facilitating networking events and professional development sessions. Public Art & Cultural Events Organising community-driven murals, street art projects, and public installations. Hosting seasonal art fairs, exhibitions, and cultural celebrations. Through these activities, The Art Room CIC continues to fulfil its mission of fostering creativity, strengthening community ties, and ensuring that art remains an accessible and enriching experience for all. Approved by the Board of Directors SEAN BARRY 01/02/2024

Political and charitable donations

Political Donations The Art Room DENBY DALE CIC did not make any political donations or contributions to any political parties, candidates, or organisations during the financial year. The company remains independent and non-partisan, focusing solely on its mission to provide accessible community art programs. Charitable Donations As part of our commitment to community support and social impact, The Art Room DENBY DALE CIC made charitable contributions to local organisations and initiatives aligned with our mission. These contributions included: Sponsoring Kirklees Rock Schools annual concert Painting a mural for Denby Dale First and Nursery School Partnering with Village Arts to host a community art exhibition with proceeds going toward community art projects. Offering free workshop placements for individuals facing financial hardship to ensure inclusivity and accessibility. All charitable contributions were made in accordance with the company’s objectives and financial capacity, ensuring that resources were used effectively to benefit the community.

Company policy on disabled employees

Company Policy on Disabled Employees The Art Room CIC is committed to promoting an inclusive and accessible workplace for individuals with disabilities. Our policy includes the following key principles: Equal Opportunities – We ensure that disabled employees and job applicants are treated fairly and have equal access to employment, training, and career development opportunities. Reasonable Adjustments – We provide necessary accommodations, such as modified workspaces, adaptive equipment, and flexible working arrangements, to support employees with disabilities in performing their roles effectively. Training & Awareness – All staff and volunteers receive training on disability awareness and inclusive practices to foster a supportive and respectful work environment. Accessible Recruitment – We ensure our hiring process is inclusive, offering alternative formats for applications and interviews to accommodate different needs. Ongoing Support & Consultation – We maintain open communication with disabled employees to assess their needs and provide continuous support, ensuring a positive and empowering work experience. By upholding these commitments, The Art Room DENBY DALE CIC strives to create an environment where all individuals, regardless of ability, can thrive and contribute meaningfully to our mission.

Additional information

1. Business Review and Achievements The Art Room DENBY DALE CIC has had a successful year, continuing to provide accessible and inclusive art opportunities to the community. Key achievements include: Expanded Art Programs: We introduced new workshops and community projects, increasing participation by 45%. Community Engagement: Collaborated with 5 local schools to bring art-based initiatives to diverse groups. Funding and Support: Secured grants from Kirklees to subsidise classes, making art accessible to those facing financial hardship. Public Art Projects: Launched mural and installation projects, involving local artists and community members. 2. Financial Overview During the financial year, The Art Room CIC maintained financial stability through a combination of grant funding and workshop fees. Key financial highlights include: Total income: £8935 Total expenditure: £8899 Surplus/Deficit: £36 Major funding sources: Kirklees HAF Investments in new equipment, accessibility improvements, and training programs. 3. Environmental, Social, and Governance (ESG) Initiatives Environmental Responsibility: The Art Room CIC implemented sustainable art practices, including using recycled materials and reducing waste. Social Impact: We enhanced inclusivity by offering workshops tailored to neurodivergent individuals, seniors, and those with disabilities. Governance: Maintained strong governance practices, including regular board meetings and transparent financial reporting. 4. Risk Management To ensure the sustainability and security of our programs, we identified key risks and implemented mitigation strategies: Safeguarding: Strengthened policies and training for all staff and volunteers working with children and vulnerable adults. Operational Challenges: Implemented contingency plans for unexpected disruptions, including digital alternatives for workshops. 5. Future Plans and Strategic Goals Looking ahead, The Art Room CIC aims to: Expand outreach programs to underserved communities. Increase funding opportunities to offer more free and subsidised workshops. Develop new partnerships with local businesses and cultural institutions. Enhance digital art offerings to reach a wider audience.



Directors

The directors shown below have held office during the whole of the period from
8 May 2023 to 31 May 2024

SEAN BARRY
SUZANNE BLAKE
MARY PARTRIDGE


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
25 February 2025

And signed on behalf of the board by:
Name: SEAN BARRY
Status: Director

THE ART ROOM, DENBY DALE CIC

Profit And Loss Account

for the Period Ended 31 May 2024

13 months to 31 May 2024


£
Turnover: 8,935
Gross profit(or loss): 8,935
Distribution costs: ( 6,265 )
Administrative expenses: ( 2,634 )
Operating profit(or loss): 36
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 36
Tax: ( 7 )
Profit(or loss) for the financial year: 29

THE ART ROOM, DENBY DALE CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 29
Investments:   0
Total current assets: 29
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 29
Total assets less current liabilities: 29
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 29
Members' funds
Profit and loss account: 29
Total members' funds: 29

The notes form part of these financial statements

THE ART ROOM, DENBY DALE CIC

Balance sheet statements

For the year ending 31 May 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 25 February 2025
and signed on behalf of the board by:

Name: SEAN BARRY
Status: Director

The notes form part of these financial statements

THE ART ROOM, DENBY DALE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Tangible fixed assets depreciation policy

    Objective: The purpose of this policy is to outline the depreciation methods and useful life estimates for tangible fixed assets owned by the community-based art studio. Depreciation Method: Assets will be depreciated on a straight-line basis over their expected useful economic lives. Depreciation Schedule: - Art Equipment (e.g., easels, painting supplies): 7 years - Crafting Tools (e.g., sewing machines, pottery wheels): 5 years - Catering Equipment (e.g., coffee machines, kitchen appliances): 8 years - Audio/Visual Equipment (e.g., cameras, sound systems): 5 years - Furniture (e.g., tables, chairs): 10 years - Computers and Software: 4 years - Leasehold Improvements: Over the remaining life of the lease Heritage Assets: Works of art and other valuable artefacts valued at over £500 will be capitalised and recorded in the Balance Sheet at their acquisition cost or reasonable estimate, and will not be depreciated. Repairs and Maintenance: Expenditures aimed at maintaining the standard of performance of tangible fixed assets will be expensed in the period they are incurred. This includes repair works resulting from regular maintenance checks, even if such expenditures improve the asset's condition. Recognition: All tangible fixed assets will be regularly reviewed for impairment and adjusted as necessary, ensuring accurate financial reporting in compliance with applicable accounting standards.

    Intangible fixed assets amortisation policy

    Objective: This policy establishes the framework for the recognition and amortization of intangible fixed assets held by the community-based art studio. Definition: Intangible fixed assets are non-physical assets that provide future economic benefits to the studio. These may include items such as software, copyrights, trademarks, and licenses. Amortization Method: Intangible fixed assets will be amortized on a straight-line basis over their estimated useful lives. Amortization Schedule: - Purchased Software: 4 years - Licenses and Permits: 3 years - Copyrights: 5 years - Trademarks: 10 years or up to the legal life of the trademark, whichever is shorter - Developed Content (e.g., instructional materials, original artwork): 5 years Recognition: Intangible assets will be recognized on the Balance Sheet when it is probable that future economic benefits will be generated, and the costs can be measured reliably. Costs associated with internally generated intangible assets will only be recognized when criteria for capitalization are met. Impairment Review: Intangible fixed assets will be assessed for impairment at the end of each reporting period. If an asset's carrying amount exceeds its recoverable amount, an impairment loss will be recognized. Repairs and Maintenance: Costs incurred for maintaining intangible assets will be expensed as incurred. Any enhancements or upgrades that significantly extend the useful life of the intangible asset must be assessed for potential capitalization. Policy Review: This policy will be reviewed regularly to ensure it remains compliant with applicable accounting standards and continues to meet the operational needs of the studio. Adjustments will be made as necessary based on changes in regulations or the studio's circumstances.

    Valuation information and policy

    Objective**: This policy outlines the procedures and guidelines for the valuation of assets held by the community-based art studio to ensure accurate financial reporting and compliance with accounting standards. **Scope**: This policy applies to all tangible and intangible assets, as well as heritage assets owned by the art studio. **Valuation Principles**: 1. **Fair Value Measurement**: Assets will be recorded at fair value when acquired or at a cost that reflects their market value at the date of acquisition. Fair value is defined as the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. 2. **Consistent Valuation Methods**: The studio will apply consistent valuation methods for similar asset categories to ensure comparability and reliability in financial reporting. 3. **Regular Valuation Reviews**: All assets will be subject to periodic valuation reviews to ensure their carrying amounts are appropriate and reflect current market conditions. This will typically occur at least annually. 4. **Professional Appraisal**: For assets with significant value (e.g., artworks or heritage assets), the studio will engage professional appraisers to determine fair value. Appraisals should be conducted by qualified individuals with relevant experience in the field. **Tangible Assets**: - **Depreciation and Amortization Considerations**: The studio will consider the depreciation and amortization schedules outlined in its Tangible Fixed Assets Depreciation Policy and Intangible Fixed Assets Amortization Policy when valuing these assets. **Intangible Assets**: - **Recognition and Measurement**: Intangible assets will be assessed for impairment and measured according to the specific amortization schedules detailed in the Intangible Fixed Assets Amortization Policy. **Heritage Assets**: - **Valuation Methods**: Heritage assets will be valued based on fair market value, determined through appraisals or based on comparable sales data. The studio will maintain documentation supporting the valuation process. **Documentation**: - Accurate records will be maintained for all valuations, including methodologies used, valuers’ qualifications, and any supporting documentation. **Compliance**: - This policy will adhere to applicable accounting standards and frameworks, including the International Financial Reporting Standards (IFRS) or relevant local accounting standards. **Policy Review**: - The valuation information policy will be reviewed periodically to ensure it aligns with best practices and changing regulatory requirements. Amendments will be made as necessary based on operational needs and developments in the field of asset valuation.

THE ART ROOM, DENBY DALE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 1

THE ART ROOM, DENBY DALE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Financial Commitments

As of 01/01/2025, The Art Room DENBY DALE CIC has the following financial commitments that are relevant to its operations: 1. **Lease Agreements**: - The studio has entered into a lease agreement for its operational space located at Springfield Mill with rental payments of £600 per month. The management believes that the studio has sufficient resources and cash flows to meet these financial commitments as they become due. Regular reviews are conducted to ensure that all commitments are monitored and managed effectively. This note provides a summary of the major financial commitments currently in place, which may impact the studio's future cash flows and financial position. The commitments are subject to standard business risks, including changes in market conditions and other economic factors.

COMMUNITY INTEREST ANNUAL REPORT

THE ART ROOM, DENBY DALE CIC

Company Number: 14851557 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

At The Art Room, our activities over the past financial year have had a meaningful impact on the community by fostering creativity, connection, and accessibility in the arts. Here’s how our work has benefited the community: 1. Expanding Access to the Arts We provided affordable and free art classes for individuals of all ages and backgrounds, ensuring that financial barriers did not prevent participation. Our outreach programs brought creative workshops to schools, care homes, and community centers, engaging children, seniors, and vulnerable groups. 2. Supporting Well-being and Mental Health Through art therapy initiatives, we helped individuals struggling with stress, anxiety, and isolation find a creative outlet for self-expression and healing. We hosted inclusive art sessions for neurodivergent individuals and those with disabilities, ensuring that our programs were adaptable and accessible. 3. Creating Opportunities for Local Artists and Educators We provided paid opportunities for local artists, freelancers, and educators, allowing them to share their skills while contributing to the community. Our studio showcased emerging artists through exhibitions and pop-up events, giving them a platform to connect with wider audiences. 4. Strengthening Community Engagement We partnered with local businesses, schools, and cultural organizations to host collaborative events, fostering a sense of unity and cultural appreciation. Through interactive public art projects, we encouraged community participation in beautifying shared spaces, strengthening local pride and identity. Our commitment to inclusivity, creativity, and community enrichment continues to drive our mission, and we look forward to further expanding our impact in the coming year.

Consultation with stakeholders

The Art Room has actively engaged with its stakeholders over the past financial year to ensure that our programs remain relevant, accessible, and impactful. 1. Who Our Stakeholders Are Our stakeholders include: Community Members – Participants in our art programs, including children, adults, and vulnerable groups. Local Artists and Educators – Freelance artists, instructors, and creative professionals involved in our workshops and events. Partner Organisations – Schools, care homes, charities, and community groups collaborating with us on outreach programs. Funders and Grant Providers – Organisations and individuals who support our work financially. Volunteers and Staff – Those who help facilitate our programs and operations. 2. How Stakeholders Have Been Consulted Surveys & Feedback Forms – We distributed surveys after workshops and events to gather input on experiences, accessibility, and areas for improvement. Community Meetings & Focus Groups – We held discussions with participants, artists, and partner organisations to better understand needs and expectations. One-on-One Conversations – Direct discussions with artists, volunteers, and educators helped identify specific challenges and suggestions. Social Media & Online Engagement – We invited feedback through digital platforms, allowing for real-time input and discussions. 3. Actions Taken in Response to Feedback Expanded Accessibility – Based on feedback from participants with disabilities, we introduced more accessible class formats, including sensory-friendly sessions and online options. Increased Free/Low-Cost Programs – Community members expressed financial concerns, so we secured additional funding to offer more free workshops and sliding-scale pricing. Enhanced Artist Support – Local artists requested more networking and selling opportunities, leading us to organise additional exhibitions and mentorship sessions. Refined Safeguarding Policies – Feedback from partner organisations working with vulnerable groups led to the implementation of enhanced safeguarding training for all staff and volunteers. By actively consulting our stakeholders and responding to their needs, we continue to shape The Art Room as an inclusive, supportive, and engaging creative space for all.

Directors' remuneration

The total amount paid or receivable by the directors in respect of qualifying services was £6020. The directors of The Art Room were compensated for their work in overseeing the organisation’s operations, ensuring the successful delivery of programs, and maintaining the sustainability of the community art studio. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed. All remuneration was in line with the company’s financial capacity and governance policies, ensuring that it remained fair, transparent, and proportionate to the level of responsibility and contribution made by the directors. No excessive payments or benefits were provided, and all financial decisions were made with the best interests of the community and the organisation’s mission in mind.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: SEAN BARRY
Status: Director