MAKERS CIRCLE CIC

Company limited by guarantee

Company Registration Number:
15071352 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 14 August 2023

End date: 31 August 2024

MAKERS CIRCLE CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

MAKERS CIRCLE CIC

Directors' report period ended 31 August 2024

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

Principal activities of the company

Activities – Crafts workshops – Teach skills that once learnt can be adapted by the participants for their daily lives: Promote mental health awareness, therapeutic benefits, enhance self-esteem and confidence, provide safe environment, positive distraction, fostering artistic expression, encourage peer support, help to reduce stress on formal services. Community Art - Provide a safe collaborative space for the community to produce curated art instillation or group projects, to foster community engagement, enhance public spaces, promote creativity and self-expression Encourage collaboration and co-operation, celebrate diversity and inclusion, improve mental health and wellbeing, instils a sense of accomplishment, encourage lifelong learning. Directors Report – Company Review - Community Arts for the community and arts workshops teaching community creative skills. Review of activities – Arts Workshops encouraging health mental health awareness through creative activities. Financial performance – Books balanced well, projects kept within budget Directors information – No changes Dividends paid – None Future Plans – Looking after clients we have and getting more Risks and uncertainties – Usual business uncertainties Stakeholder engagement - AGM in 2 weeks + various zoom meetings As the company arranges the project and the directors get an agreed budget set by the client for work performed. Payments to the directors is only for the services they provide on each project agreed by the client. No net profit out of these projects for the company No core company payments or asset transfers to directors.



Directors

The directors shown below have held office during the whole of the period from
14 August 2023 to 31 August 2024

Annette Ratti
Tia Parmar
Tom Shakeshaft
Anup Sharma
Neel Ratti
Permod Ratti


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
6 May 2025

And signed on behalf of the board by:
Name: Annette Ratti
Status: Director

MAKERS CIRCLE CIC

Profit And Loss Account

for the Period Ended 31 August 2024

13 months to 31 August 2024


£
Turnover: 5,787
Gross profit(or loss): 5,787
Distribution costs: ( 4,838 )
Operating profit(or loss): 949
Profit(or loss) before tax: 949
Profit(or loss) for the financial year: 949

MAKERS CIRCLE CIC

Balance sheet

As at 31 August 2024

Notes 13 months to 31 August 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: 940
Investments:   0
Total current assets: 940
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 940
Total assets less current liabilities: 940
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: ( 107 )
Accruals and deferred income: 0
Total net assets (liabilities): 833
Members' funds
Profit and loss account: 833
Total members' funds: 833

The notes form part of these financial statements

MAKERS CIRCLE CIC

Balance sheet statements

For the year ending 31 August 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 12 May 2025
and signed on behalf of the board by:

Name: Annette Ratti
Status: Director

The notes form part of these financial statements

MAKERS CIRCLE CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

MAKERS CIRCLE CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    13 months to 31 August 2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

MAKERS CIRCLE CIC

Company Number: 15071352 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Directors Report Company Review, Community Arts for the community and arts workshops teaching community creative skills. Review of activities – Arts Workshops encouraging health mental health awareness through creative activities. Financial performance – Books balanced well, projects kept within budget Directors information – No changes Dividends paid – None Future Plans – Looking after clients we have and getting more Risks and uncertainties – Usual business uncertainties Stakeholder engagement - AGM in 2 weeks + various zoom meetings As the company arranges the project and the directors get an agreed budget set by the client for work performed. Payments to the directors is only for the services they provide on each project agreed by the client. No net profit out of these projects for the company No core company payments or asset transfers to directors.

Consultation with stakeholders

Phone conversations, online zoom conversations. AGM planned for 2 weeks time.

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
9 May 2025

And signed on behalf of the board by:
Name: Annette Ratti, Permod Ratti
Status: Director