THE FLAMENCO HUB CIC

Company limited by guarantee

Company Registration Number:
14322526 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

THE FLAMENCO HUB CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

THE FLAMENCO HUB CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Directors

The director shown below has held office during the whole of the period from
1 September 2023 to 31 August 2024

GIMENEZ MONTES, Irene


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
28 February 2025

And signed on behalf of the board by:
Name: GIMENEZ MONTES, Irene
Status: Director

THE FLAMENCO HUB CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 3,400 3,702
Cost of sales: ( 2,174 ) ( 2,737 )
Gross profit(or loss): 1,226 965
Administrative expenses: ( 1,304 ) ( 1,024 )
Operating profit(or loss): (78) (59)
Profit(or loss) before tax: (78) (59)
Profit(or loss) for the financial year: (78) (59)

THE FLAMENCO HUB CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 223 64
Total current assets: 223 64
Creditors: amounts falling due within one year: 3 ( 360 ) ( 123 )
Net current assets (liabilities): (137) (59)
Total assets less current liabilities: (137) ( 59)
Total net assets (liabilities): (137) (59)
Members' funds
Profit and loss account: (137) ( 59)
Total members' funds: ( 137) (59)

The notes form part of these financial statements

THE FLAMENCO HUB CIC

Balance sheet statements

For the year ending 31 August 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 28 February 2025
and signed on behalf of the board by:

Name: GIMENEZ MONTES, Irene
Status: Director

The notes form part of these financial statements

THE FLAMENCO HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

THE FLAMENCO HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE FLAMENCO HUB CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 360 123
Total 360 123

COMMUNITY INTEREST ANNUAL REPORT

THE FLAMENCO HUB CIC

Company Number: 14322526 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Company Activities and Impact The Flamenco Hub CIC continues to embody the principles of a community business through its dedication to promoting Flamenco and fostering an inclusive cultural exchange. The organisation’s impact is reflected in the following ways: Locally Rooted The Flamenco Hub CIC operates in London, serving the needs of the Flamenco community and expanding its reach to a wider audience. Over the past year, the organisation has deepened its engagement within the city, strengthening its ties with local artists, musicians, and dancers. Through workshops, performances, and educational programmes, the Hub has nurtured a strong cultural presence, ensuring that Flamenco remains a vibrant part of London's artistic landscape. Trading for Community Benefit As a community business, The Flamenco Hub generates income by organising and facilitating a variety of training events and cultural performances. These initiatives provide learning opportunities for dancers and musicians while creating a sustainable business model that directly reinvests into the community. This year, the Hub has successfully expanded its activities to incorporate collaborations with South Asian, Middle Eastern, and Latin American artists, fostering cross-cultural artistic expression and inclusivity. By embracing diverse influences, The Flamenco Hub continues to celebrate and evolve the Flamenco tradition within a broader cultural context. Accountability to the Local Community The Flamenco Hub CIC remains committed to its community-driven approach, ensuring that local voices influence the direction and programming of its activities. Throughout 2024, the organisation has increased its engagement through community forums, feedback sessions, and collaborative initiatives, ensuring that its events align with the interests and needs of its participants. One notable initiative this year has been the introduction of artist-led performance showcases, providing both emerging and established performers with high-quality recordings of their work and opportunities to reach wider audiences. Broad Community Impact The Flamenco Hub CIC has continued to play a vital role in enriching London’s cultural ecosystem. By raising funds, organising accessible dance and music events, and offering subsidised training for underrepresented groups, the organisation strengthens the local arts scene and creates opportunities for artistic growth. In 2024, the Hub’s efforts have included outreach programmes in schools and community centres, introducing young people and new audiences to the beauty and history of Flamenco. Through these initiatives, the organisation not only preserves but also evolves the Flamenco tradition, ensuring its relevance for future generations. The Flamenco Hub CIC remains committed to fostering cultural diversity, artistic excellence, and community engagement, making Flamenco accessible and meaningful to all who wish to participate. Looking ahead, the organisation aims to expand its collaborations, increase accessibility to training, and further develop its presence within the London arts sector.

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
28 February 2025

And signed on behalf of the board by:
Name: GIMENEZ MONTES, Irene
Status: Director