SOAK LIVE ART CIC

Company limited by guarantee

Company Registration Number:
14913214 (England and Wales)

Unaudited statutory accounts for the year ended 1 October 2024

Period of accounts

Start date: 5 June 2023

End date: 1 October 2024

SOAK LIVE ART CIC

Contents of the Financial Statements

for the Period Ended 1 October 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SOAK LIVE ART CIC

Balance sheet

As at 1 October 2024

Notes 16 months to 1 October 2024


£
Current assets
Debtors: 3 640
Cash at bank and in hand: 3,611
Total current assets: 4,251
Creditors: amounts falling due within one year: 4 ( 5,040 )
Net current assets (liabilities): (789)
Total assets less current liabilities: (789)
Total net assets (liabilities): (789)
Members' funds
Profit and loss account: (789)
Total members' funds: ( 789)

The notes form part of these financial statements

SOAK LIVE ART CIC

Balance sheet statements

For the year ending 1 October 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 March 2025
and signed on behalf of the board by:

Name: Sarah Blissett
Status: Director

The notes form part of these financial statements

SOAK LIVE ART CIC

Notes to the Financial Statements

for the Period Ended 1 October 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 comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

SOAK LIVE ART CIC

Notes to the Financial Statements

for the Period Ended 1 October 2024

  • 2. Employees

    16 months to 1 October 2024
    Average number of employees during the period 0

SOAK LIVE ART CIC

Notes to the Financial Statements

for the Period Ended 1 October 2024

3. Debtors

16 months to 1 October 2024
£
Other debtors 640
Total 640

SOAK LIVE ART CIC

Notes to the Financial Statements

for the Period Ended 1 October 2024

4. Creditors: amounts falling due within one year note

16 months to 1 October 2024
£
Accruals and deferred income 1,400
Other creditors 3,640
Total 5,040

COMMUNITY INTEREST ANNUAL REPORT

SOAK LIVE ART CIC

Company Number: 14913214 (England and Wales)

Year Ending: 1 October 2024

Company activities and impact

SOAK Live Art CIC ran a series of bi-monthly Live Art events (SOAK Live Art) and bi-monthly artist-audience salons (SOAK Salon) between September 2023 and August 2024. This project was funded by Arts Council England. The basic aims of the project were to create a platform for experimental performance work in Plymouth and to foster audience-artist dialogue. SOAK events aimed to benefit the artistic community and the local community who attended as audience members. SOAK has achieved its aims and positioned itself as a key space for artistic experimentation in the South West’s artistic ecosystem. The project was highly successful and exceeded its basic aims, running six live events and six audience-artist salons (spaces for discussion between artists/audiences) which attracted more than double the expected audience. Artists have overwhelmingly reported a positive SOAK experience, with many having gained both creative inspiration and further work opportunities as a result of their performances. Audiences enthusiastically flocked to the event, especially thanks to word-of-mouth recommendations, as well as Instagram. The photographic documentation was a key part of SOAK’s success, as well as the sense of community and the spirit of experimentation.

Consultation with stakeholders

We have an advisory board consisting of four members, all from local South West arts organisations: Shelley Hodgson from Take A Part CIC Hannah Irwin from The Bridge Donna Maughan from Leadworks CIC Bee Jarvis from Beyond Face All our board members have attended at least one of our performance nights and two have been participating artists in our events. We have so far held one board meeting where all board members were present. At the board meeting, we discussed a review of our first year and the work we did with the arts council funding grant, including performance nights and salons. We also discussed current activity and our next arts council application as we intend to develop the programme that we offer to include more educational activities such as workshops. The board gave feedback on our programme plan and offered strategic advice as well as input into our next arts council bid.

Directors' remuneration

Director’s renumeration- Sarah Blissett received £3640 paid from arts council funding. Kerry Priest received £2080 paid from arts council funding.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 March 2025

And signed on behalf of the board by:
Name: Sarah Blissett
Status: Director