TEMPLE OF KULTURE CIC

Company limited by guarantee

Company Registration Number:
14913221 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 5 June 2023

End date: 30 June 2024

TEMPLE OF KULTURE 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

TEMPLE OF KULTURE 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

Objectives: 1. To produce high-quality immersive theatre productions that showcase emerging talent and offer unique and engaging experiences to audiences. 2. To provide professional development and training opportunities for artists, including acting and dance workshops and masterclasses 3. To create community spaces for actors and dancers to rehearse, train and perform. 4. To generate revenue through ticket sales, donations, and corporate partnerships, which can be reinvested into our social enterprise goals and support the growth of the local arts community. 5. To promote responsible drinking habits and provide a safe and enjoyable environment for theatregoers, staff, and artists.



Directors

The director shown below has held office during the period of
9 November 2023 to 30 June 2024

N Hersom-Montique


The directors shown below have held office during the whole of the period from
5 June 2023 to 30 June 2024

P Berridge
P Ginape
A Maizeroi


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
8 October 2024

And signed on behalf of the board by:
Name: P Berridge
Status: Director

TEMPLE OF KULTURE CIC

Profit And Loss Account

for the Period Ended 30 June 2024

13 months to 30 June 2024


£
Turnover: 260
Cost of sales: ( 8,725 )
Gross profit(or loss): (8,465)
Administrative expenses: ( 19,226 )
Other operating income: 27,709
Operating profit(or loss): 18
Profit(or loss) before tax: 18
Profit(or loss) for the financial year: 18

TEMPLE OF KULTURE CIC

Balance sheet

As at 30 June 2024

Notes 13 months to 30 June 2024


£
Fixed assets
Tangible assets: 3 2,062
Total fixed assets: 2,062
Current assets
Cash at bank and in hand: 2,748
Total current assets: 2,748
Net current assets (liabilities): 2,748
Total assets less current liabilities: 4,810
Creditors: amounts falling due after more than one year: 4 ( 3,576 )
Accruals and deferred income: ( 1,216 )
Total net assets (liabilities): 18
Members' funds
Profit and loss account: 18
Total members' funds: 18

The notes form part of these financial statements

TEMPLE OF KULTURE 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 8 October 2024
and signed on behalf of the board by:

Name: P Berridge
Status: Director

The notes form part of these financial statements

TEMPLE OF KULTURE 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

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: straight line method over 36 months

TEMPLE OF KULTURE 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 2

TEMPLE OF KULTURE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 2,121 2,121
Disposals
Revaluations
Transfers
At 30 June 2024 2,121 2,121
Depreciation
Charge for year 59 59
On disposals
Other adjustments
At 30 June 2024 59 59
Net book value
At 30 June 2024 2,062 2,062

TEMPLE OF KULTURE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

13 months to 30 June 2024
£
Other creditors 3,576
Total 3,576

COMMUNITY INTEREST ANNUAL REPORT

TEMPLE OF KULTURE CIC

Company Number: 14913221 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Product and Service Offerings: Immersive XR productions: Our core offering is a series of small to large-scale, site-specific productions that incorporate elements of immersive storytelling, projects' use of multiple spaces and locations, and immersive movie/film experiences. Professional development: We offer a range of workshops and masterclasses for actors, dancers, and other theatre professionals, as well as mentorship programs for young people interested in a career in theatre developing their skills and exploring the world of immersive theatre. Community events and festivals: We also organise community festivals and events to promote theatre and arts in the areas we serve in the UK and beyond. Digital productions: We also have the capacity to create online immersive experiences that can be accessed from anywhere using VR and AR. Community spaces for actors and dancers to rehearse, train and perform. Revenue generation through ticket sales, donations, and corporate partnerships. Revenue generation through a VR cafe that will aim to open after 2 or 3 years.

Consultation with stakeholders

The company’s stakeholders are passionate in creating communities where everyone could come and join events and festivals that promotes theatre and arts in communities around the UK. Objectives: 1. To produce high-quality immersive theatre productions that showcase emerging talent and offer unique and engaging experiences to audiences. 2. To provide professional development and training opportunities for artists, including acting and dance workshops and masterclasses 3. To create community spaces for actors and dancers to rehearse, train and perform. 4. To generate revenue through ticket sales, donations, and corporate partnerships, which can be reinvested into our social enterprise goals and support the growth of the local arts community. 5. To promote responsible drinking habits and provide a safe and enjoyable environment for theatregoers, staff, and artists.

Directors' remuneration

During the financial year a total of £800 was paid to A Maizeroi and £1880 was paid to P Berridge.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
8 October 2024

And signed on behalf of the board by:
Name: P Berridge
Status: Director