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Company Registration No. 7477378 (England and Wales)
Charnwood Arts Unaudited accounts for the year ended 31 March 2025
Charnwood Arts Unaudited accounts Contents
Page
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Charnwood Arts Company Information for the year ended 31 March 2025
Directors
Michael Arrowsmith Ines Varela-Silva Payal Walker Lucy Bartram John Dimmick Melanie Hani
Company Number
7477378 (England and Wales)
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Charnwood Arts Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,529 
3,803 
Current assets
Debtors
11,838 
19,715 
Cash at bank and in hand
154,430 
156,356 
166,268 
176,071 
Creditors: amounts falling due within one year
(5,264)
(3,627)
Net current assets
161,004 
172,444 
Net assets
166,533 
176,247 
Reserves
Profit and loss account
166,533 
176,247 
Members' funds
166,533 
176,247 
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by
Payal Walker Director Company Registration No. 7477378
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Charnwood Arts Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Charnwood Arts is a private company, limited by guarantee, registered in England and Wales, registration number 7477378.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33 1/3% per annum of net book value
Fixtures & fittings
15% per annum of net book value
Computer equipment
33 1/3% per annum of net book value
Income
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Resources expended are recognised in the period in which they are incurred.
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Charnwood Arts Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
7,628 
1,776 
19,745 
29,149 
Additions
- 
- 
3,398 
3,398 
Disposals
- 
(810)
(388)
(1,198)
At 31 March 2025
7,628 
966 
22,755 
31,349 
Depreciation
At 1 April 2024
7,399 
1,613 
16,334 
25,346 
Charge for the year
77 
13 
1,427 
1,517 
On disposals
- 
(731)
(312)
(1,043)
At 31 March 2025
7,476 
895 
17,449 
25,820 
Net book value
At 31 March 2025
152 
71 
5,306 
5,529 
At 31 March 2024
229 
163 
3,411 
3,803 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
5,746 
Accrued income and prepayments
11,838 
11,995 
Other debtors
- 
1,974 
11,838 
19,715 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
2,164 
114 
Accruals
3,100 
3,513 
5,264 
3,627 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 2 (2024: 6).
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