for the Period Ended 31 May 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 May 2024
Additional information
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors shown below have held office during the whole of the period from
1 June 2023
to
31 May 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 | 2023 | |
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£ |
£ |
Turnover: |
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Gross profit(or loss): |
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Administrative expenses: |
(
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 6 |
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(
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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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 May 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 31 May 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 June 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 May 2024 |
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Depreciation | ||||||
At 1 June 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 May 2024 |
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Net book value | ||||||
At 31 May 2024 |
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At 31 May 2023 |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Total |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 May 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Total |
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The Pottery offers a wide range of adult and child pottery classes that are accessible to the local and wider community of stroud and Gloucestershire. These classes not only give the students an opportunity to be creative but also provides a welcoming safe place for them to socialise which gives connectivity and benefits mental wellbeing. We also offer weekend workshops and taster sessions for those that cannot attend classes in the week. Our SEN class that supports adults with special needs has increased in size with students coming from a number of local support groups that wish their students to engage in a creative art class. This class gives integration to a professional pottery setting enabling them to at times work along regular members of the pottery and be included in our craft markets. We continue to offer a free firing of pottery to Gloucester Hospital education, where young students who are not in mainstream education, have access to pottery and have their work fired. This creates a pride in their work and opportunity to explore different finishes in the finished product, these students are also included in our craft exhibitions. We continue to offer affordable classes and studio spaces to local artists. We took part in Open Studios which enabled the public to come into the studios and meet all of our artists, we also invited pottery students to exhibit their work which gave them the experience of showcasing their work in a gallery setup. We held an Advent market where artists from our community could have a stall to sell their crafts. We held a charity exhibition in the summer to celebrate a member's life who had recently passed, raising money for Blood Cancer UK. We have created an apprenticeship placement scheme for a new potter to spend one and a half days a week learning how to run a pottery and learning new techniques. This placement is for one academic year and will give a rich learning experience to enable them to set up their own studio and make pottery with confidence. We have also liaised with Stroud College SGS in supporting a work experience student who is studying fine art, this experience will support their UCAS application. We have taken on a short term let of an additional studio to offer additional hand building classes to LGBTQIA being run by Essential Space CIC.
Our main stakeholders are the people who regularly rent studio spaces at the pottery. Stakeholders can contact us anytime to give feedback or make suggestions via email or WhatsApp. Directors meet weekly with them to discuss any future plans and also to discuss any issues that they may have with their space. A new kitchen area has been created with the addition of a dishwasher, microwave and fridge for all to use so that they can access hot meals and drinks whilst they use the facilities. The cloakroom has also had a hot water heater installed so hot water can be used to wash hands. A new sink has also been installed in the main studio with additional taps to make cleaning after using the studios better for all students of all ages. An outside shelter which was a designated outdoor studio needed weather proofing and after consulting stakeholders, we agreed on a plan which has now been implemented. Also a clean walk way has been created with a gravel pathway so no more mud is coming into the main studios from outside. Outdoor lighting has also been upgraded to improve safety in the evenings for students and tutors.
The CIC has no employees. Directors serve voluntarily as directors, and are paid as contractors for professional services provided to the CIC. Directors' fees for professional services rendered totalled £18,230 for the year (2023: £11,790).
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: Natalie Case
Status: Director