for the Period Ended 31 July 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2024
Directors
The directors shown below have held office during the whole of the period from
1 August 2023
to
31 July 2024
The director shown below has held office during the period of
27 January 2024
to
31 July 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Other operating income: |
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Operating profit(or loss): |
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( |
Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
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( |
Tax: |
(
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Profit(or loss) for the financial year: |
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( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 4 |
(
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(
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Net current assets (liabilities): |
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( |
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Total assets less current liabilities: |
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( |
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Total net assets (liabilities): |
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( |
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Members' funds | |||
Profit and loss account: |
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( |
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Total members' funds: |
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( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 July 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 July 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 July 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 August 2023 |
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Additions | ||||||
Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 July 2024 |
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Depreciation | ||||||
At 1 August 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 July 2024 |
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Net book value | ||||||
At 31 July 2024 |
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At 31 July 2023 |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Bank loans and overdrafts |
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Other creditors |
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Total |
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Over the past year, our company has significantly enhanced its community outreach efforts with a focused approach to strengthen relationships and deepen connections. Our multifaceted strategy includes one-on-one mentoring, active engagement through social media, and offering our facilities for various creative workshops. These workshops encompass a broad spectrum of activities such as music, drama, fashion,dance, and media production, tailored to the interests and aspirations of young people. By providing these opportunities, we have empowered numerous young individuals, boosting their self-confidence and honing their skills in their chosen crafts. Our organization has created a safe and supportive environment, effectively reducing the likelihood of these young people engaging in at-risk behaviours. The professional standard of our production sets has given them invaluable hands-on experience, preparing them for future career opportunities in creative industries. Moreover, our company played a crucial role in supporting a family affected by knife crime. Through our dedicated support and counselling services, we helped them navigate a profoundly challenging period, offering both emotional support and practical assistance. In response to this tragedy, we also initiated community outreach aimed at raising awareness about knife crime and advocating for positive change. These initiatives have not only provided solace to the affected family but also fostered greater community awareness and collective action against such issues. Overall, our activities have made a tangible impact by nurturing young talents, ensuring their safety, and contributing to community well-being and resilience.
The company's stakeholders are residents of and visitors to our centre and those residents in the surrounding areas. The directors of the company have lived in the community for a combined number of 143 year and developed the business model for the arts hub based on their experiences and holding listening events with other residents. All who use the centre are asked to complete a feedback questionnaire which includes a section about needs and wants. This has helped the centre ensure that it is providing a service that not only caters for the community but also provides them with something that is needed.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
26 February 2025
And signed on behalf of the board by:
Name: O Cato
Status: Director