for the Period Ended 30 September 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 September 2024
Directors
The directors shown below have held office during the whole of the period from
1 October 2023
to
30 September 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | 2023 | |
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£ |
£ |
| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Operating profit(or loss): |
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| Interest payable and similar charges: |
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(
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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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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 5 |
(
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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: | 6 |
(
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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
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 September 2024
| 2024 | 2023 | |
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| 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 | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 October 2023 |
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| At 30 September 2024 |
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| At 1 October 2023 |
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| Other adjustments | ||||||
| At 30 September 2024 |
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| At 30 September 2024 |
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| At 30 September 2023 |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
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| £ | £ | |
| Prepayments and accrued income |
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| Total |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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for the Period Ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
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| Other creditors |
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| Total |
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The auxiliary project space is an organisations that provides both artistic facilities as well as development and training opportunities and increase profile for artists through exhibitions and events. In addition our community programme develops workshops and events for schoolchildren in Middlesbrough and local community groups to engage with art and creative practices. I In the year ending 30th September 2024, The Auxiliary activities focused on artistic and community programme development as well as overseeing the capital development at 31 station street. The directors made strategic plans around this development and updated both the board of directors, the oversight group, former studio holders and all signed up to the newsletter on building updates, festival programmes including sonic arts week 2024 and benchmarking research trips with the team and invited artists to Glasgow International festival. Sonic arts Week attracted audiences of almost 7,000 in late June and early July around Middlesbrough with a local and international programme of artists, musicians and performers as well as the child-focused and family friendly workshop series ‘ summit for the bairns’. An environmental strategy policy was also researched and produced within this year improving our practices around environmental impact. This was reviewed by the oversight group. There were delays in the capital project completing due to issues with adjacent land to Network Rail, which delayed re-opening of the studios. Offices operated at pineapple black in Middlesbrough and plans continued to re-open the artists facilities of studios and exhibition spaces for the following year. There was a transition of executive directors in August due to a secondment. Quarterly community meals looks place throughout the year, organised by our community connector, engaging artists, freelancers and community groups around current conditions in Middlesbrough, these became an important event and model for conversations following the riots in August 2024.
The Auxiliary Project Space has a board of directors who meet quarterly to update on the finances, operations, vision and strategy in the year 2023/2024 the company directors were: Anna Byrne, William Slevin, Paul Harrington, Edel O’ Reilly and Kypros Kyprianou. In addition, the directors also report quarterly to an Oversight Group, a non-legal entity recommended for organisations in the Arts Council Englands National Portfolio Organisations. In the year 2023/24 the members of the Oversight Group were: Vanessa Rawlings-Jackson, Mark Robinson, Martha Cattall, Andrea Cavan and Lisa Nelson. This group also met quarterly to review updates on Arts Council investment principles set out in the auxiliary’s NPO agreement. We worked in consultation with primary public funders of our programmes Arts Council England, Borderlands and Middlesbrough Council across several programmes.
There was no remuneration paid to directors as salaries in the year ending 30th September 2024. Incoming director Edel O Reilly received £5,535 as self employed in this financial year. Anna Byrne and William Slevin are paid through Creative Management NE, a ltd company set up to manage their payments for work in the Creative sector.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
21 June 2025
And signed on behalf of the board by:
Name: Edel O'Reilly
Status: Director