for the Period Ended 30 September 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2024 | 2023 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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| Administrative expenses: |
(
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(
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| Operating profit(or loss): |
( |
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| Interest receivable and similar income: |
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| Profit(or loss) before tax: |
( |
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| Tax: |
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(
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| Profit(or loss) for the financial year: |
( |
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As at
| Notes | 2024 | 2023 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Investments: | 4 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: | 5 |
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| Debtors: | 6 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 7 |
(
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 8 |
(
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(
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2024
Basis of measurement and preparation
for the Period Ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 30 September 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 October 2023 |
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| Additions |
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| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 30 September 2024 |
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| Depreciation | ||||||
| At 1 October 2023 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 30 September 2024 |
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| Net book value | ||||||
| At 30 September 2024 |
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| At 30 September 2023 |
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for the Period Ended 30 September 2024
Investment in Associated Company During the year, the company acquired 854 Ordinary Shares of £1 each, representing 42.7% of the issued share capital of Clue Records Ltd, a company incorporated in England and Wales, for a consideration of £20,000 settled in cash. The investment is measured at cost in accordance with the exemptions available to qualifying entities under Section 14.4 of FRS 102, on the basis that group accounts are not prepared. As at the balance sheet date, the carrying value of the investment in the subsidiary in the company’s balance sheet is £20,000.
for the Period Ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Stocks |
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| Total |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Total |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade creditors |
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| Other creditors |
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| Total |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other creditors |
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| Total |
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As demand became greater for public funding post-pandemic we determined to change our funding model and seek to generate more revenue from commercial sources and to reduce dependence on public funding. This necessitated a significant reorganisation in the second half of 2024, alongside Come Play With Me being commissioned as a delivery partner alongside Leeds Conservatoire and Create Britain of the West Yorkshire Music Network. During this accounting period we also launched out first piece of research with the groundbreaking LGBTQ+ Musicians Insights Report published alongside Musicians Union and Help Musicians. We continued to significantly expand our ‘artist development’/label activities and developed new Sound/Live Engineer training programmes to augment our existing Come Platform Me offerings. This diversity in revenue streams and in types of support offered enabled us to support more marginalised communities than ever before.
The Company key stakeholders through the year have been the Arts Council, Youth Music, and PRS Foundation. Representatives of those bodies have been engaged in working with Come Play With Me directors through the process of awarding grants, and understand how the Company intends to apply each grant. Additionally stakeholders (beneficiaries receiving support) are engaged on an ongoing basis through delivery of our activities with focus groups established for other under-represented demographics with whom we work (U26 year olds, women/minority genders and LGBTQ+ individuals seeking careers in music.) Findings and recommendations from these activities are always used to shape deliveries.
One company Director – Anthony Mark Ereira was paid a salary of £20,920 during the year. There were no other transactions or arrangements in connection with remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
6 May 2025
And signed on behalf of the board by:
Name: Anthony Ereira
Status: Director