OPEN ART SPACES CIC

Company limited by guarantee

Company Registration Number:
14789863 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 May 2024

End date: 30 April 2025

OPEN ART SPACES CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

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

OPEN ART SPACES CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Directors

The director shown below has held office during the whole of the period from
1 May 2024 to 30 April 2025

Emma Murphy


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
1 May 2025

And signed on behalf of the board by:
Name: Emma Murphy
Status: Director

OPEN ART SPACES CIC

Profit And Loss Account

for the Period Ended 30 April 2025

2025 13 months to 30 April 2024


£

£
Turnover: 63,535 37,571
Cost of sales: ( 38,421 ) ( 25,235 )
Gross profit(or loss): 25,114 12,336
Administrative expenses: ( 25,114 ) ( 12,336 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

OPEN ART SPACES CIC

Balance sheet

As at 30 April 2025

Notes 2025 13 months to 30 April 2024


£

£
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

OPEN ART SPACES CIC

Balance sheet statements

For the year ending 30 April 2025 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 1 May 2025
and signed on behalf of the board by:

Name: Emma Murphy
Status: Director

The notes form part of these financial statements

OPEN ART SPACES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 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

OPEN ART SPACES CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025 13 months to 30 April 2024
    Average number of employees during the period 2 2

COMMUNITY INTEREST ANNUAL REPORT

OPEN ART SPACES CIC

Company Number: 14789863 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

Over the past year Open Art Spaces CIC has actively contributed to the community by: Organising and hosting inclusive art workshops, exhibitions, and community events to foster creativity and cultural engagement. Providing free and subsidised access to artistic resources and skillsharing. Supporting and mentoring emerging artists by providing free and subsidised spaces, along with tailored business advice to foster their professional growth. Establishing partnerships with artists to showcase their work and provide them with development opportunities.

Consultation with stakeholders

We have engaged stakeholders through: Regular feedback surveys distributed to participants and attendees of our events and workshops. Requesting feedback from funders and donors that provide financial support to the CIC, to gather input and suggestions for community members. Utilising social media platforms and newsletters to invite feedback and ideas from our wider audience.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services and expenses incurred during their duties was £19047. The directors did not receive any extra payments or bonuses beyond what has already been reported. There were no special deals or financial arrangements made to compensate any director if they left their position. Everything related to payments or benefits for directors has been properly disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Emma Murphy
Status: Director