CONTEMPORARY ART NEWARK CIC

Company limited by guarantee

Company Registration Number:
14921555 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 7 June 2023

End date: 30 June 2024

CONTEMPORARY ART NEWARK CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

CONTEMPORARY ART NEWARK CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

public art gallery and cultural hub



Directors

The director shown below has held office during the whole of the period from
7 June 2023 to 30 June 2024

Mark David Enstone


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
6 March 2025

And signed on behalf of the board by:
Name: Mark David Enstone
Status: Director

CONTEMPORARY ART NEWARK CIC

Profit And Loss Account

for the Period Ended 30 June 2024

13 months to 30 June 2024


£
Cost of sales: ( 1,000 )
Gross profit(or loss): (1,000)
Administrative expenses: ( 660 )
Other operating income: 1,660
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

CONTEMPORARY ART NEWARK CIC

Balance sheet

As at 30 June 2024

Notes 13 months to 30 June 2024


£
Current assets
Cash at bank and in hand: 9,475
Total current assets: 9,475
Creditors: amounts falling due within one year: 3 ( 9,475 )
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

CONTEMPORARY ART NEWARK CIC

Balance sheet statements

For the year ending 30 June 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 6 March 2025
and signed on behalf of the board by:

Name: Mark David Enstone
Status: Director

The notes form part of these financial statements

CONTEMPORARY ART NEWARK CIC

Notes to the Financial Statements

for the Period Ended 30 June 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

CONTEMPORARY ART NEWARK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    13 months to 30 June 2024
    Average number of employees during the period 0

CONTEMPORARY ART NEWARK CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

13 months to 30 June 2024
£
Trade creditors 250
Accruals and deferred income 9,225
Total 9,475

COMMUNITY INTEREST ANNUAL REPORT

CONTEMPORARY ART NEWARK CIC

Company Number: 14921555 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Contemporary Art Newark is a not-for-profit gallery. During the year to June 2024, the gallery has been commercially dormant, while exploring and researching the proposition. We have: Honed the business plan; Met with a wide number of other art galleries and organisations in research capacity; Agreed terms with a landlord on premises (with a view to opening in spring 2026); Made plans for exhibitions in 2026; Worked with a professional bid writer on a funding application to Arts Council England.

Consultation with stakeholders

In forming our plans we have consulted with the following stakeholders 1. London commercial galleries 2. Visual art collectors (painting and photography) 3. UK artists 4. Artists who come from the region (defined by Sheffield, Nottingham, Newark) 5. Secondary schools – focus on young people who would like to study art at A level 6. Art teachers at secondary school level – non curriculum support 7. Lifelong learners in Newark 8. Newark culturally engaged adults 30-45 years 9. Newark culturally engaged adults 45 – 65 years 10. Newark culturally engaged adults 65+ These consultations have influenced the thinking and direction of the project.

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
6 March 2025

And signed on behalf of the board by:
Name: Mark Enstone
Status: Director