SWELL MUSIC CIC

Company limited by guarantee

Company Registration Number:
12789454 (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

SWELL MUSIC CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

SWELL MUSIC CIC

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 71,298 0
Cost of sales: ( 38,855 ) ( 20,281 )
Gross profit(or loss): 32,443 (20,281)
Operating profit(or loss): 32,443 (20,281)
Profit(or loss) before tax: 32,443 (20,281)
Profit(or loss) for the financial year: 32,443 (20,281)

SWELL MUSIC CIC

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 53,866 21,433
Total current assets: 53,866 21,433
Creditors: amounts falling due within one year: 3 ( 21,423 )
Net current assets (liabilities): 32,443 21,433
Total assets less current liabilities: 32,443 21,433
Accruals and deferred income: ( 21,433 )
Total net assets (liabilities): 32,443 0
Members' funds
Profit and loss account: 32,443 0
Total members' funds: 32,443 0

The notes form part of these financial statements

SWELL MUSIC 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 1 June 2025
and signed on behalf of the board by:

Name: Des Reynolds
Status: Director

The notes form part of these financial statements

SWELL MUSIC 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

SWELL MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

SWELL MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Creditors: amounts falling due within one year note

2024
£
Accruals and deferred income 21,423
Total 21,423

COMMUNITY INTEREST ANNUAL REPORT

SWELL MUSIC CIC

Company Number: 12789454 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Swell Music CIC provides music for wellbeing activities for vulnerable people living in the East Suffolk area. During the financial year 2023 – 2024, Swell Music CIC’s activities have benefitted the community in the following ways. Provided support and enrichment activities to vulnerable people with life limiting conditions such as Dementia, Parkinson’s and lung conditions such as COPD and Ashtma. Provided face to face activities which boost wellbeing and aid social interaction Supported neurodivergent musicians to access training and improve skills.

Consultation with stakeholders

We consulted with stakeholders informally throughout the year but undertook no formal stakeholder consultation

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
1 June 2025

And signed on behalf of the board by:
Name: Des Reynolds
Status: Director