PLACEMAKING SALFORD CIC

Company limited by guarantee

Company Registration Number:
13927961 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

PLACEMAKING SALFORD CIC

Contents of the Financial Statements

for the Period Ended 28 February 2024

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

PLACEMAKING SALFORD CIC

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

Placemaking Salford CIC is a Community Interest Company Limited by Guarantee, incorporated in Feb 2022 (company number 13927961). The objects of the CIC are to carry on activities which benefit the community and in particular (without limitation) to carry out cultural, creative and placemaking activity in Salford. This work will include increasing support, resources and infrastructure for cultural and creative professionals in Salford; delivering creative & cultural learning, engagement and participation opportunities for Salford residents; and animating the city with creative festivals, events and placemaking activities for the benefit of local, regional and national visitors.



Directors

The directors shown below have held office during the whole of the period from
1 March 2023 to 28 February 2024

Julia Fawcett
John Merry


The director shown below has held office during the period of
1 March 2023 to 17 January 2024

Marie Wilson


The director shown below has held office during the period of
1 March 2023 to 29 March 2023

Sarie-Mairs Slee


The director shown below has held office during the period of
28 March 2023 to 28 February 2024

Dr Samuel Grogan


Secretary Darren Grice

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: Julia Fawcett
Status: Director

PLACEMAKING SALFORD CIC

Profit And Loss Account

for the Period Ended 28 February 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 25,015 ) 0
Other operating income: 25,015 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

PLACEMAKING SALFORD CIC

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 44,985 0
Investments:   0 0
Total current assets: 44,985 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 44,985 ) 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

PLACEMAKING SALFORD CIC

Balance sheet statements

For the year ending 28 February 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: Julia Fawcett
Status: Director

The notes form part of these financial statements

PLACEMAKING SALFORD CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

PLACEMAKING SALFORD CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PLACEMAKING SALFORD CIC

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 44,985 0
Total 44,985 0

Deferred income relates to a grant received in the period which will be utilised in future years.

COMMUNITY INTEREST ANNUAL REPORT

PLACEMAKING SALFORD CIC

Company Number: 13927961 (England and Wales)

Year Ending: 28 February 2024

Company activities and impact

The company has made two one-off small grants in accordance with the companies objects - to carry on activities which benefit the community and in particular to cultural, creative and placemaking activity in Salford, Greater Manchester: £15k To support activities of Salford Cultural Education Partnership, specifically support for a network co-ordinator to underpin the partnership of creative and cultural organisations working with education and youth services to develop cultural learning and education opportunities for children and young people. £10k To support development of the ‘We Invented the Weekend Festival’ which attracted over 60,000 attendees and provided free family friendly creative and cultural programming, participation and activities over two days in June.

Consultation with stakeholders

No consultation with stakeholders

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
25 February 2025

And signed on behalf of the board by:
Name: Julia Fawcett
Status: Director