Company Registration No. 7477378 (England and Wales)
Charnwood Arts
Unaudited accounts
for the year ended 31 March 2025
Charnwood Arts
Unaudited accounts
Contents
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)
Charnwood Arts
Statement of financial position
as at 31 March 2025
Tangible assets
5,529
3,803
Cash at bank and in hand
154,430
156,356
Creditors: amounts falling due within one year
(5,264)
(3,627)
Net current assets
161,004
172,444
Net assets
166,533
176,247
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
Charnwood Arts
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention.
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
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 are recognised in the period in which they are incurred.
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
Disposals
-
(810)
(388)
(1,198)
At 31 March 2025
7,628
966
22,755
31,349
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
At 31 March 2025
152
71
5,306
5,529
At 31 March 2024
229
163
3,411
3,803
Amounts falling due within one year
Accrued income and prepayments
11,838
11,995
6
Creditors: amounts falling due within one year
2025
2024
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).