STROUD POTTERY C.I.C.

Company limited by guarantee

Company Registration Number:
10767902 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

STROUD POTTERY C.I.C.

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

STROUD POTTERY C.I.C.

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

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

Natalie Case
Dawn Almasi


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: Natalie Case
Status: Director

STROUD POTTERY C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 82,163 49,180
Gross profit(or loss): 82,163 49,180
Administrative expenses: ( 76,513 ) ( 45,706 )
Other operating income: 826
Operating profit(or loss): 5,650 4,300
Interest receivable and similar income: 14
Interest payable and similar charges: ( 1,493 ) ( 802 )
Profit(or loss) before tax: 4,157 3,512
Profit(or loss) for the financial year: 4,157 3,512

STROUD POTTERY C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 20,776 22,376
Total fixed assets: 20,776 22,376
Current assets
Debtors: 4 333 1,996
Cash at bank and in hand: 4,821 3,208
Total current assets: 5,154 5,204
Creditors: amounts falling due within one year: 5 ( 6,799 ) ( 7,351 )
Net current assets (liabilities): (1,645) (2,147)
Total assets less current liabilities: 19,131 20,229
Creditors: amounts falling due after more than one year: 6 ( 3,407 ) ( 8,662 )
Total net assets (liabilities): 15,724 11,567
Members' funds
Profit and loss account: 15,724 11,567
Total members' funds: 15,724 11,567

The notes form part of these financial statements

STROUD POTTERY C.I.C.

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: Natalie Case
Status: Director

The notes form part of these financial statements

STROUD POTTERY C.I.C.

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 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. The company is not registered for VAT. Turnover consists of income received from members and others for the use of space and facilities at the Pottery; contributions for materials and use of equipment; and fund-raising and miscellaneous income. Turnover 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 todate to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    20% straight line basis

STROUD POTTERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

STROUD POTTERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 24,165 24,165
Additions 3,991 3,991
Disposals
Revaluations
Transfers
At 31 May 2024 28,156 28,156
Depreciation
At 1 June 2023 1,789 1,789
Charge for year 5,591 5,591
On disposals
Other adjustments
At 31 May 2024 7,380 7,380
Net book value
At 31 May 2024 20,776 20,776
At 31 May 2023 22,376 22,376

STROUD POTTERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 368
Prepayments and accrued income 333 1,628
Total 333 1,996

STROUD POTTERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 5,242 4,597
Accruals and deferred income 1,544 2,754
Other creditors 13
Total 6,799 7,351

STROUD POTTERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 3,407 8,662
Total 3,407 8,662

COMMUNITY INTEREST ANNUAL REPORT

STROUD POTTERY C.I.C.

Company Number: 10767902 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

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.

Consultation with stakeholders

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.

Directors' remuneration

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).

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: Natalie Case
Status: Director