DIVERSE ARTISTS NETWORK CIC

Company limited by guarantee

Company Registration Number:
12804388 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

DIVERSE ARTISTS NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

DIVERSE ARTISTS NETWORK 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

The principal activity of the company in the period under review was developing a support network for marginalised and underrepresentive creatives in the South West and beyond.



Directors

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

Denise Bamford
Vandna Thakur
Penelope Caffrey
Rosco Jones
Rosalind Stewart-Hall
Aisha Ali


The director shown below has held office during the period of
9 March 2024 to 31 August 2024

Oneil Ashley


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 May 2025

And signed on behalf of the board by:
Name: Denise Bamford
Status: Director

DIVERSE ARTISTS NETWORK CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 5,875 1,513
Cost of sales: ( 133,544 ) ( 26,464 )
Gross profit(or loss): (127,669) (24,951)
Administrative expenses: ( 25,721 ) ( 5,138 )
Other operating income: 153,630 45,028
Operating profit(or loss): 240 14,939
Profit(or loss) before tax: 240 14,939
Tax: ( 72 )
Profit(or loss) for the financial year: 240 14,867

DIVERSE ARTISTS NETWORK CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 26
Cash at bank and in hand: 63,732 32,468
Total current assets: 63,758 32,468
Creditors: amounts falling due within one year: 4 ( 48,700 ) ( 17,650 )
Net current assets (liabilities): 15,058 14,818
Total assets less current liabilities: 15,058 14,818
Total net assets (liabilities): 15,058 14,818
Members' funds
Profit and loss account: 15,058 14,818
Total members' funds: 15,058 14,818

The notes form part of these financial statements

DIVERSE ARTISTS NETWORK 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 13 May 2025
and signed on behalf of the board by:

Name: Denise Bamford
Status: Director

The notes form part of these financial statements

DIVERSE ARTISTS NETWORK 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated at 25% per annum on the reducing balance basis. Individual items costing less than £500 are not capitalised.

DIVERSE ARTISTS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

DIVERSE ARTISTS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Trade debtors 26
Total 26

DIVERSE ARTISTS NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,204 491
Taxation and social security 120 120
Accruals and deferred income 47,376 17,039
Total 48,700 17,650

COMMUNITY INTEREST ANNUAL REPORT

DIVERSE ARTISTS NETWORK CIC

Company Number: 12804388 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

PROGRAMMING DAN delivered: - DAN Social and showcase, at Strangebrew, 115 attendees, employing 6 artists, launching our agency and showing our latest film. - All Things Dance network meeting and showcase, partnering with The Mount Without involving 145 particpants, featuuring 10 dance groups involving over 70 dancers and 4 speakers. - All things Theatre network meeting, partnering with Bristol Old Vic, 85 attendees, employing 5 artists facitliators and 3 speakers. - 46 1-1 mentoring sessions offering support in areas such as fundraising, programming, and portfolio development to enhance their professional growth. - Held consultations with 4 festivals, expanding their diverse artist involvement and diverse audience engagement, Hosting an area at Shambala festival offering 18 artists paid employment and developing diverse crew members. Taking 50 artists and family members to a day at WOMAD festival and facilitating 12 artists to participate in We Out Here festival. - Coordinated and delivered DIASPORA! Festival in May 2024, working with 200 artists delivering 80 events and developing 15 new partnerships across the city, reaching 10,000 audience members. - Expanded our membership for 35 artists: facilitating access to events, job opportunities, and fostering stronger community relationships among artists. - Developed our agency to have 20 artists gaining work across the region. - Delivered 25 flag making workshops with 4 key artists reaching over 450 participants. - Initiated a Poetry competition with the theme of Home and Belonging, bringing in 35 entrants and having the 3 winners perform different events. GOVERNANCE - Developed our board with 3 new members. - Cemented the relationship with Friends Of DAN and involved them in the curation of DIASPORA! - Developed a strategic three-year business plan aimed at expanding our reach to more diverse artists. - Commenced the development of a new website with an agency platform designed to promote diverse artists and secure more opportunities for them. - Held 2 development days with the board , upodateing the business plan and developing a fundraising strategy. - Our dedicated team includes a CEO (0.1FTE), Creative Programme Director (0.3 FTE), a Company Manager (0.3 FTE), and an Admin and Social Media Coordinator (0.2 FTE), supplemented by the expertise of six freelancers. - Had our first office in SPARKS for the delivery of DIASPORA!

Consultation with stakeholders

STAKEHOLDERS IDENTIFIED 1. Artists and Creatives: consisting of individuals and collectives from diverse backgrounds within the arts community; 2. Organisations and Venues: arts and cultural institutions, galleries, event spaces, and festivals that collaborate with or host artists and their works; 3. Board Members: oversee the strategic direction of the company and ensure its mission is pursued effectively; 4. Members of 'Friends of DAN': supporters who contribute to the mission by providing space in kind consultancy and advice; 5. Local Community and Audiences: engage with and participate in the events, workshops, and festivals organised or curated by Diverse Artists Network. 6. Funding Bodies and Partnerships: provide financial support for the initiatives and projects carried out by DAN. CONSULTATION METHODS - Networking Events: through these events, the company has facilitated direct conversations between over 560 artists and 60 different organisations, gathering feedback and insights on how to better support artistic collaborations and community engagement. - Mentorship Programmes: provided personalised support to 46 artists, using these interactions as an opportunity to understand and address the specific needs and challenges faced by artists in their professional development. - Strategic Consultations: engaged with 4 organisations and festivals specifically to gather insights on implementing inclusive strategies, directly responding to stakeholder feedback regarding diversity and representation. These led to 62 artists attending as diverse representatives and 18 artists being employed. Also we consulted with over 30 different arts and cultural organisation about their involvement in Diaspora! Festival, resulting in a hugely inclusive programme across the city and expanding into the region. - Curated Festival Programming: feedback from the diverse talents showcased, and the audience attending these festivals, has informed future programming decisions, ensuring responsiveness to community interests and representation needs. This has led to the increase in agency bookings and being asked to work with new festivals. Feedback from artists say how valuable these opportunities are. - 2nd iteration of Membership Launch: in consultation with artists and organsiations. - Team development: Feedback from events and the broader stakeholder community has informed the structuring of the team and the engagement of freelancers to better serve the mission of the organisation.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £21,877. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Denise Bamford
Status: Director