BOWBURN MUSIC & PERFORMING ARTS C.I.C.

Company limited by guarantee

Company Registration Number:
12706626 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

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

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

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

Directors

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

M Matthews
S Matthews
H Cussons


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
12 March 2025

And signed on behalf of the board by:
Name: M Matthews
Status: Director

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 23,502 37,657
Gross profit(or loss): 23,502 37,657
Administrative expenses: ( 25,284 ) ( 31,434 )
Operating profit(or loss): (1,782) 6,223
Profit(or loss) before tax: (1,782) 6,223
Profit(or loss) for the financial year: (1,782) 6,223

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 6,232 7,818
Total fixed assets: 6,232 7,818
Current assets
Cash at bank and in hand: 2,099 2,190
Total current assets: 2,099 2,190
Creditors: amounts falling due within one year: 4 ( 1,961 ) ( 1,856 )
Net current assets (liabilities): 138 334
Total assets less current liabilities: 6,370 8,152
Total net assets (liabilities): 6,370 8,152
Members' funds
Profit and loss account: 6,370 8,152
Total members' funds: 6,370 8,152

The notes form part of these financial statements

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

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 12 March 2025
and signed on behalf of the board by:

Name: M Matthews
Status: Director

The notes form part of these financial statements

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

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

    Turnover policy

    Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment -20% reducing balance

    Other accounting policies

    Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

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 £ £ £ £ £ £
At 1 July 2023 9,052 9,052
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 9,052 9,052
Depreciation
At 1 July 2023 1,234 1,234
Charge for year 1,586 1,586
On disposals
Other adjustments
At 30 June 2024 2,820 2,820
Net book value
At 30 June 2024 6,232 6,232
At 30 June 2023 7,818 7,818

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 1,961 1,856
Total 1,961 1,856

COMMUNITY INTEREST ANNUAL REPORT

BOWBURN MUSIC & PERFORMING ARTS C.I.C.

Company Number: 12706626 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Bowburn Music & Performing Arts operate from a leasehold building to the children and residents of the Bowburn area of Durham. We offer affordable/accessible tuition in multiple instruments alongside individual singing lesson. In addition we look at partnerships with local schools and educational trusts to offer musical and performing arts based opportunities and education.

Consultation with stakeholders

We consult with the local children of Durham, local communities, educational establishments and Local Authorities.

Directors' remuneration

Directors remuneration consists of tuition and vocal fees; fees received in the year amounted to £16,102.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: M Matthews
Status: Director