COMMUNITY BEATS CIC

Company limited by guarantee

Company Registration Number:
12006355 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

COMMUNITY BEATS CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

COMMUNITY BEATS CIC

Directors' report period ended 31 May 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Sarah Knowles
Philip McNally


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
31 March 2025

And signed on behalf of the board by:
Name: Sarah Knowles
Status: Director

COMMUNITY BEATS CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 4,703 ) ( 12,349 )
Other operating income: 2,996 28,875
Operating profit(or loss): (1,707) 16,526
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (1,707) 16,526
Tax: 0 0
Profit(or loss) for the financial year: (1,707) 16,526

COMMUNITY BEATS CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 39,660 41,411
Investments:   0 0
Total current assets: 39,660 41,411
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 57 ) ( 101 )
Net current assets (liabilities): 39,603 41,310
Total assets less current liabilities: 39,603 41,310
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 39,603 41,310
Members' funds
Profit and loss account: 39,603 41,310
Total members' funds: 39,603 41,310

The notes form part of these financial statements

COMMUNITY BEATS CIC

Balance sheet statements

For the year ending 31 May 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 31 March 2025
and signed on behalf of the board by:

Name: Sarah Knowles
Status: Director

The notes form part of these financial statements

COMMUNITY BEATS CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

    Other accounting policies

    Grant recognition

COMMUNITY BEATS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

COMMUNITY BEATS CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 57 101
Other creditors 0 0
Total 57 101

COMMUNITY INTEREST ANNUAL REPORT

COMMUNITY BEATS CIC

Company Number: 12006355 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The company has provided musical educational activities to a range of groups and individuals who otherwise would not be able to afford to partake in these opportunities. We have worked with children from all backgrounds on establishing a young people's record label.

Consultation with stakeholders

Community Beats’s stakeholders are the residents of Blackburn with Darwen and in particular young people in the borough. We carried out consultation with young people on what the record label should offer in terms of opportunities for young people to gain new skills, its name and to make sure that it is young person led.

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
31 March 2025

And signed on behalf of the board by:
Name: Sarah Knowles
Status: Director