GRACE NOTES MUSIC CIC

Company limited by guarantee

Company Registration Number:
SC625007 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

GRACE NOTES MUSIC CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

GRACE NOTES MUSIC CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The Company was awarded a sum of £3000 to set up a Musical Memories weekly activity group for people living with Dementia. Plans had been made to contact local musicians as well as playing recorded music on a themed basis. During this time, the company was waiting to find out if a Community Asset Transfer could take place for a premises. Unfortunately this did not come to fruition and the pandemic prevented any further activity from the Company. It is hoped that it will be possible to resume activities when the restrictions are more relaxed. In 2023 it remained impossible to launch the Musical Memories weekly activity group due to restrictions on venues and people being reluctant to venture outside. The grant money will be returned to the donating body.



Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

Susan Durham


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
24 April 2025

And signed on behalf of the board by:
Name: Susan Durham
Status: Director

GRACE NOTES MUSIC CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 34 ) ( 34 )
Operating profit(or loss): (34) (34)
Profit(or loss) before tax: (34) (34)
Profit(or loss) for the financial year: (34) (34)

GRACE NOTES MUSIC CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 2,917 2,951
Total current assets: 2,917 2,951
Net current assets (liabilities): 2,917 2,951
Total assets less current liabilities: 2,917 2,951
Total net assets (liabilities): 2,917 2,951
Members' funds
Profit and loss account: 2,917 2,951
Total members' funds: 2,917 2,951

The notes form part of these financial statements

GRACE NOTES MUSIC CIC

Balance sheet statements

For the year ending 31 March 2023 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 24 April 2025
and signed on behalf of the board by:

Name: Susan Durham
Status: Director

The notes form part of these financial statements

GRACE NOTES MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

GRACE NOTES MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

GRACE NOTES MUSIC CIC

Company Number: SC625007 (Scotland)

Year Ending: 31 March 2023

Company activities and impact

Company did not trade

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
25 April 2024

And signed on behalf of the board by:
Name: Susan Durham
Status: Director