MIGRATE ART CIC

Company limited by guarantee

Company Registration Number:
12191782 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

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Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,142 1,541
Investments:   0 0
Total fixed assets: 1,142 1,541
Current assets
Stocks:   0 0
Debtors: 4 4,144 8,020
Cash at bank and in hand: 2,255 25,683
Investments:   0
Total current assets: 6,399 33,703
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 22,323 ) ( 12,146 )
Net current assets (liabilities): (15,924) 21,557
Total assets less current liabilities: (14,782) 23,098
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (14,782) 23,098
Members' funds
Profit and loss account: (14,782) 23,098
Total members' funds: ( 14,782) 23,098

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 September 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 21 May 2025
and signed on behalf of the board by:

Name: Simon Butler
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 September 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

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Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

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Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 1,990 1,990
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 1,990 1,990
Depreciation
At 1 October 2023 449 449
Charge for year 399 399
On disposals
Other adjustments
At 30 September 2024 848 848
Net book value
At 30 September 2024 1,142 1,142
At 30 September 2023 1,541 1,541

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Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Trade debtors 28 553
Other debtors 4,116 7,467
Total 4,144 8,020

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Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 208 0
Trade creditors 4,249 7,093
Taxation and social security 0 53
Accruals and deferred income 2,500 5,000
Other creditors 15,366 0
Total 22,323 12,146

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 12191782 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Migrate Art CIC successfully granted £500 to charitable organisations raised from £78,141 of sales plus £10,000 of donations, to help provide food, education, shelter and clothing to those who are suffering through displacement, poverty, hunger, sickness, distress in any part of the world.

Consultation with stakeholders

There are external stakeholders in the form of customers, whose feedback is asked for and assessed regularly through questionnaires, online feedback sessions and feedback forms. We continue to regularly adjust our customer experience based on this feedback. Migrate Art CIC's charity partners (Refugee Community Kitchen, RefuAid, Refugee Community Kitchen, Voices Project) are consulted as external stakeholders on a regular basis to discuss where funds are being spent and the work they are carrying out, to assess how best we can assist them.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £26,667. 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
21 May 2025

And signed on behalf of the board by:
Name: Simon Butler
Status: Director