WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06122987 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The director shown below has held office during the whole of the period from
1 May 2023 to 30 April 2024

Stephanie Wimott-Saphin


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
13 February 2025

And signed on behalf of the board by:
Name: Stephanie Wimott-Saphin
Status: Director

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,038 10,902
Total fixed assets: 3,038 10,902
Current assets
Cash at bank and in hand: 22,514 23,003
Total current assets: 22,514 23,003
Creditors: amounts falling due within one year: 4 ( 6,326 ) ( 6,908 )
Net current assets (liabilities): 16,188 16,095
Total assets less current liabilities: 19,226 26,997
Creditors: amounts falling due after more than one year: 5 ( 7,964 ) ( 7,805 )
Total net assets (liabilities): 11,262 19,192
Members' funds
Profit and loss account: 11,262 19,192
Total members' funds: 11,262 19,192

The notes form part of these financial statements

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 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 13 February 2025
and signed on behalf of the board by:

Name: Stephanie Wimott-Saphin
Status: Director

The notes form part of these financial statements

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 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

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases. Plant & Machinery 20% Straight Line. Motor Vehicles 25% Reducing balance. Computer Equipment 20% Straight Line.

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 3

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 28,969 13,300 7,029 49,298
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 28,969 13,300 7,029 49,298
Depreciation
At 1 May 2023 22,057 9,559 6,780 38,396
Charge for year 5,793 1,871 200 7,864
On disposals
Other adjustments
At 30 April 2024 27,850 11,430 6,980 46,260
Net book value
At 30 April 2024 1,119 1,870 49 3,038
At 30 April 2023 6,912 3,741 249 10,902

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 2,313 2,796
Trade creditors 1,952 1,253
Taxation and social security 470 208
Accruals and deferred income 1,591 2,651
Total 6,326 6,908

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 7,964 7,805
Total 7,964 7,805

COMMUNITY INTEREST ANNUAL REPORT

WIGHT BLUESKY ARTS COMMUNITY INTEREST COMPANY

Company Number: 06122987 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

THE COMPANY HAS ACHIEVED ITS INTENDED REFOCUS THIS YEAR ON SUPPORTING MENTAL HEALTH WELLBEING AND SOCIAL INCLUSION FOR ADULTS AND CHILDREN WITH LEARNING DIFFERENCE WITH NEW TRAININGS AND SESSIONS. WE HAVE NOW ESTABLISHED A NEW, AND ONGOING, TRAINING PROGRAMME FOR CAFE TRAINEESHIPS IN AN OPERATIONAL CAFE. THIS IS DESIGNED TO IMPROVE SKILLS BASE AND BUILD CONFIDENCE WITIN A WORK TRAINING ENVIRONMENT. SUPPORTING POSITIVE INCLUSION AND SOCIAL ENGAGEMENT WHILST ALSO INTENDING TO IMROVE EDUCATION AND WORK PROSPECTS. WEW HAVE ALSO DELIVERED SIX MONTHS OF NEW AFTER SCHOOL YOUTH HUB AND DRAMA CLUB ACTIVITIES FOR TEENAGERS WITH LEARNING DISABILITIES.

Consultation with stakeholders

The stake holders are the participants and we engage in regular feedback and evaluation of provision. We have ongoing opportunities to gain the members views, needs and input as to the direction we develop.

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
13 February 2025

And signed on behalf of the board by:
Name: Stephanie Wilmott-Saphin
Status: Director