CABASA CIC

Company limited by guarantee

Company Registration Number:
11911095 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2024

Period of accounts

Start date: 31 March 2023

End date: 29 March 2024

CABASA CIC

Contents of the Financial Statements

for the Period Ended 29 March 2024

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

CABASA CIC

Directors' report period ended 29 March 2024

The directors present their report with the financial statements of the company for the period ended 29 March 2024

Principal activities of the company

The company's principal activity during the year was the production of artistic materials.



Directors

The directors shown below have held office during the whole of the period from
31 March 2023 to 29 March 2024

Rebecca Shepherd
Emily Wood


The director shown below has held office during the period of
31 March 2023 to 24 January 2024

Thomas Northey


The director shown below has held office during the period of
1 June 2023 to 29 March 2024

Ann Wilkes


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
13 March 2025

And signed on behalf of the board by:
Name: Emily Wood
Status: Director

CABASA CIC

Profit And Loss Account

for the Period Ended 29 March 2024

2024 2023


£

£
Turnover: 69,973 106,480
Cost of sales: ( 51,001 ) ( 100,605 )
Gross profit(or loss): 18,972 5,875
Administrative expenses: ( 78,231 ) ( 81,992 )
Other operating income: 83,590 77,267
Operating profit(or loss): 24,331 1,150
Interest receivable and similar income: 16 34
Interest payable and similar charges: ( 162 )
Profit(or loss) before tax: 24,185 1,184
Tax: ( 612 )
Profit(or loss) for the financial year: 24,185 572

CABASA CIC

Balance sheet

As at 29 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 23,424 0
Total fixed assets: 23,424 0
Current assets
Debtors: 4 13,200 2,383
Cash at bank and in hand: 3,350 25,187
Total current assets: 16,550 27,570
Creditors: amounts falling due within one year: 5 ( 15,326 ) ( 27,107 )
Net current assets (liabilities): 1,224 463
Total assets less current liabilities: 24,648 463
Total net assets (liabilities): 24,648 463
Members' funds
Profit and loss account: 24,648 463
Total members' funds: 24,648 463

The notes form part of these financial statements

CABASA CIC

Balance sheet statements

For the year ending 29 March 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 13 March 2025
and signed on behalf of the board by:

Name: Emily Wood
Status: Director

The notes form part of these financial statements

CABASA CIC

Notes to the Financial Statements

for the Period Ended 29 March 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services 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 to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Dress over 15 years Sculpture over 40 years

    Valuation information and policy

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

    Other accounting policies

    Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

CABASA CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

CABASA CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 31 March 2023 0 0
Additions 24,296 24,296
Disposals
Revaluations
Transfers
At 29 March 2024 24,296 24,296
Depreciation
At 31 March 2023 0 0
Charge for year 872 872
On disposals
Other adjustments
At 29 March 2024 872 872
Net book value
At 29 March 2024 23,424 23,424
At 30 March 2023 0 0

CABASA CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 13,200 2,383
Total 13,200 2,383

CABASA CIC

Notes to the Financial Statements

for the Period Ended 29 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 7,483 3,798
Taxation and social security 3,569 6,271
Accruals and deferred income 4,274 17,038
Total 15,326 27,107

COMMUNITY INTEREST ANNUAL REPORT

CABASA CIC

Company Number: 11911095 (England and Wales)

Year Ending: 29 March 2024

Company activities and impact

Cabasa CIC is dedicated to using arts and creativity to empower women from diverse backgrounds and those living with long-term health challenges. Our mission is to provide creative opportunities that enable women to learn new skills, build confidence, and produce work they can be proud of. We bring people together through Carnival arts to create big, bold, and beautiful outdoor events that capture the joy of being part of a community. Our vision is to make transformative creative experiences accessible to all women, fostering pride, unity, and a sense of belonging. Cabasa celebrates and explores the rich traditions of Carnival through inclusive and accessible creative programs. Our work empowers women to tell stunning visual sto-ries, showcasing the vibrancy and diversity of their communities. By combining crea-tivity, collaboration, and cultural expression, we build resilient and supportive net-works that enhance well-being and social connection. In 2023/24, we began our journey toward climate-kind processes, exploring our environmental impact and taking steps to improve sustainability within our work. This commitment is reflected in "The Living Dress" project, which focused on natural dyeing techniques and innovative, climate-conscious practices. Project Highlights & Audience Reach (2023/24) - Living Dress R&D: Natural dyeing exploration and climate-kind process de-velopment - Living Dress (Festival of Ideas, Rochdale): 80,000 audience - Cotton Carnival Banners (Weave, Stalybridge): 3,200 audience - Ashton-Under-Lyne Banners (Fridays on the Square): 500 audience - Tameside Winter Carnival: 4,500 audience - Spirit of Barnsley: 10,000 audience - Disability Banner (for Disability Awareness Day with British Airways): 2,000 audience Total Audience: 100,200 Volunteer Engagement & Impact Our dedicated volunteers are at the heart of our work, significantly expanding our capacity to deliver creative programs and large-scale outdoor events. They support our vision by facilitating workshops, organizing events, and assisting with daily operations. - Living Dress: 37 volunteers - Tameside Winter Carnival: 21 volunteers - Cotton Carnival: 33 volunteers Total Volunteers: 91 Our volunteers’ efforts have led to measurable improvements in community en-gagement, skill development, and participant satisfaction. Their passion and com-mitment help create resilient, supportive communities where creativity and self-expression can thrive. Participant Involvement We actively involve women from diverse backgrounds in our creative projects, providing opportunities to develop new skills and celebrate the rich traditions of Carnival. - Weave (Cotton Carnival – Stalybridge): 250 participants - Tameside Winter Carnival (Ashton Town Centre): 750 participants - Spirit of Barnsley: 97 participants Total Participants: 1,097 Partner Testimonial “We’ve loved working with Cabasa on The Spirit of Barnsley. Kate and the team de-livered poetry and Batik painting workshops with six diverse community groups from across the borough to create their own unique giant silk artwork. The project culmi-nated with all groups coming together to create The Spirit of Barnsley for the Barns-ley Bright Nights illuminated parade in a beautiful display of colour and performance. Thanks for being a joy to work with and for making it all happen.” – Mark Swanwick, Barnsley Arts & Events Together with our dedicated team and passionate volunteers, we are shaping a future where creativity and Carnival arts spark connection, expression, and positive social change. Our 2023/24 achievements reflect our ongoing commitment to empowering diverse women, celebrating the rich traditions of Carnival, and driving community impact through creative engagement. We are also committed to taking meaningful steps toward sustainability, ensuring that our work positively impacts both people and the planet.

Consultation with stakeholders

Cabasa CIC works closely with a range of stakeholders to ensure our projects are inclusive, impactful, and community-driven. Our stakeholders include women from diverse back-grounds and those experiencing long-term health challenges, as well as volunteers, commu-nity partners, local authorities, funders, and audiences who attend our outdoor arts events. Throughout the year, we have maintained ongoing dialogue with local and national partners, including Global Grooves, Tameside Council, The Vale, Kinetika People, Mossley Writers, Women’s Chai Project (Oldham), Rochdale Council, and Oldham Council. These collaborations have shaped creative projects that reflect local identities and priorities. We regularly consult the community through meetings, inviting people to share ideas and discuss involvement. After each project, we gather feedback from participants, artists, and volunteers, using their insights to shape future work. Volunteers are especially valued, and we seek their input through reflection sessions to improve support and training. In response to feedback, we have made our workshops more inclusive, strengthened partnerships, and enhanced volunteer induction. Additionally, we have increased our focus on sustainability by introducing climate-kind practices, starting with "The Living Dress" project, which explored natural dyeing techniques. By listening to stakeholders and responding to their input, we continue to make our work more inclusive, impactful, and environmentally conscious.

Directors' remuneration

Emily Wood, invoiced the company £540 (2022: £6,522) for project management and artistic services during the year. She also received a salary of £37,440 (2023: £32,483) and pension contributions of £936 (2023: £803). Thomas Northey was a director of Cabasa until 29th January 2024, and is a director of an arts consultancy firm called Con Brio. Con Brio invoiced the company £12,000 (2023: £9,000) during the year.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Emily Wood
Status: Director