SWALE MEDIA ARTS CENTRE CIC

Company limited by guarantee

Company Registration Number:
13301802 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

SWALE MEDIA ARTS CENTRE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

SWALE MEDIA ARTS CENTRE CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 18,924 20,799
Cost of sales: ( 5,237 ) ( 8,455 )
Gross profit(or loss): 13,687 12,344
Administrative expenses: ( 14,854 ) ( 17,483 )
Operating profit(or loss): (1,167) (5,139)
Profit(or loss) before tax: (1,167) (5,139)
Profit(or loss) for the financial year: (1,167) (5,139)

SWALE MEDIA ARTS CENTRE CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 5,670 8,839
Total current assets: 5,670 8,839
Creditors: amounts falling due within one year: 3 ( 11,967 ) ( 13,969 )
Net current assets (liabilities): (6,297) (5,130)
Total assets less current liabilities: (6,297) ( 5,130)
Total net assets (liabilities): (6,297) (5,130)
Members' funds
Profit and loss account: (6,297) ( 5,130)
Total members' funds: ( 6,297) (5,130)

The notes form part of these financial statements

SWALE MEDIA ARTS CENTRE CIC

Balance sheet statements

For the year ending 31 March 2025 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 15 July 2025
and signed on behalf of the board by:

Name: Georgie Jessiman
Status: Director

The notes form part of these financial statements

SWALE MEDIA ARTS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 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

SWALE MEDIA ARTS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

SWALE MEDIA ARTS CENTRE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Accruals and deferred income 11,967 13,969
Total 11,967 13,969

COMMUNITY INTEREST ANNUAL REPORT

SWALE MEDIA ARTS CENTRE CIC

Company Number: 13301802 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

Swale Media Arts Centre (SMAC) has now been trading for four years as a community hub, gallery, and media centre with IT equipment, room hire, film shows and a small museum. We work with the local community to provide supportive, low and no charge workshops and activities for a variety of groups and organisation from across Swale. We have this year continued engaging with local artisans and groups interested in hiring our exhibition space on the ground floor of the building, as well as hosting exhibitions and events funded by grant funding. We have continued to run our Mindful Monday Wellbeing Group and film nights, at no cost to users as well as working with other Heritage Groups in the Borough in order to stimulate activities to increase footfall to venues. We aim to continue our work with other local heritage groups and build on our community activities to support those in need across Swale. However, because a difficulty in extending our Lease we will cease to operate ay 34 High Street, Sittingbourne from April 2025 and will, going forward, be providing activities at other venues in Swale. The Mindful Monday Group will move to the Heather House Community Hub, and we will seek premises to continue the film events and the Board will be working to establish additional activities in Swale as the year progresses. We have, and will continue to look for funding to assisted our work in the coming year. The organisation continues to be run by volunteers and a Board of Management (also volunteers).

Consultation with stakeholders

Stakeholders have included the local community, funders, members of our Friends of Swale Media Arts Centre, the members of our Board of Management and of course our Volunteers who do a great deal to support projects. We continue to work with the local Community Volunteer Service organisation to share best practice on a number of procedural matters.

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
15 July 2025

And signed on behalf of the board by:
Name: Georgie Jessiman
Status: Director