MUSICSEEN CIC

Company limited by guarantee

Company Registration Number:
15006020 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 17 July 2023

End date: 31 July 2024

MUSICSEEN CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Additional notes
Community Interest Report

MUSICSEEN CIC

Balance sheet

As at 31 July 2024

Notes 12 months to 31 July 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 551
Investments:   0
Total current assets: 551
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 551
Total assets less current liabilities: 551
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 551
Members' funds
Profit and loss account: 551
Total members' funds: 551

The notes form part of these financial statements

MUSICSEEN CIC

Balance sheet statements

For the year ending 31 July 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 April 2025
and signed on behalf of the board by:

Name: Nina Himmelreich
Status: Director

The notes form part of these financial statements

MUSICSEEN CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

MUSICSEEN CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    12 months to 31 July 2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

MUSICSEEN CIC

Company Number: 15006020 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

During the financial year ending 31 July 2024, MusicSeen CIC supported musicians and music professionals in the Liverpool City Region by improving visibility, access to resources, and community connections. Local artists were able to build visibility through 17 free live session videos and 18 short shoutout videos. These were shared publicly to help boost recognition and reach for grassroots talent. Over 2,000 musicians and professionals were added to a searchable online database, making it easier for the community to find collaborators, services, and opportunities. The 2023 Women in Music flyer highlighted over 500 women and gender-expansive artists. This contributed to better gender representation and visibility across the local scene. Three formal artist interviews were conducted to spotlight lived experiences and challenges in the industry. These supported a better understanding of what local artists need. MusicSeen collaborated with the University of Liverpool’s Virtual Engineering Centre to begin development of an AI chatbot. This tool is being designed to help artists access local music infrastructure. Website 1.0 was launched to provide free public access to the database, interviews, playlists, and other curated resources. A community survey in partnership with AGAIN Merch gathered data on barriers to sustainable merchandise production for local musicians. All services were provided free of charge. All work was delivered by unpaid directors and volunteers for the benefit of the local music community.

Consultation with stakeholders

During the reporting period, MusicSeen CIC gathered feedback and input from the local music community through informal and low-barrier methods. Three formal artist interviews were conducted and included open questions about the challenges and needs of artists in the local scene. Ongoing consultation also took place through direct messages and conversations on social media platforms. These were used to guide content decisions and identify common community concerns. Peer-led curation of playlists and social shoutouts helped reflect local voices and preferences in a collaborative way. Structured guidance and advisory support were also provided by Dr Jen Davies and Dr Mat Flynn. Their expertise helped shape MusicSeen’s strategic direction, informed research involvement, and strengthened links between the CIC and wider music industry initiatives. All feedback received influenced the development of the website, the nature of content shared, and the areas of focus for future work. MusicSeen continues to maintain open dialogue with its stakeholders and adjust its activities based on community needs.

Directors' remuneration

Directors’ remuneration: During the reporting period, a total of £2,400 was paid to directors for project-based work. This consisted of two payments of £1,200 each, split evenly between the two directors. The payments were funded through external grants and awards received by the CIC, and were made in recognition of specific work carried out to support the company’s activities. No other salaries, benefits, or reimbursements were paid to directors during the year. All remaining work was carried out on a voluntary basis.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
1 April 2025

And signed on behalf of the board by:
Name: Nina Himmelreich
Status: Director