THE MUSIC KLUB PROJECT CIC

Company limited by guarantee

Company Registration Number:
08602743 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

THE MUSIC KLUB PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE MUSIC KLUB PROJECT CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The principal activity of The Music Klub Project CIC during the year was the provision of education, training, mentoring, and creative arts-based programmes for children and young people, with a focus on supporting those from disadvantaged, marginalised, or hard-to-reach back



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Richard Aikins
Roberto Ried
James Sackey


Secretary James Sackey

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
28 July 2025

And signed on behalf of the board by:
Name: Richard Aikins
Status: Director

THE MUSIC KLUB PROJECT CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 145 243
Tangible assets: 4 300 251
Investments: 5 200 189
Total fixed assets: 645 683
Current assets
Investments: 6 3,000 5,773
Total current assets: 3,000 5,773
Prepayments and accrued income: 1,750 2,000
Creditors: amounts falling due within one year: 7 ( 3,500 ) ( 6,645 )
Net current assets (liabilities): 1,250 1,128
Total assets less current liabilities: 1,895 1,811
Creditors: amounts falling due after more than one year:   0 0
Total net assets (liabilities): 1,895 1,811
Members' funds
Profit and loss account: 1,895 1,811
Total members' funds: 1,895 1,811

The notes form part of these financial statements

THE MUSIC KLUB PROJECT CIC

Balance sheet statements

For the year ending 31 July 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 28 July 2025
and signed on behalf of the board by:

Name: Richard Aikins
Status: Director

The notes form part of these financial statements

THE MUSIC KLUB PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

THE MUSIC KLUB PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

THE MUSIC KLUB PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2023 493 125 618
Additions
Disposals
Revaluations
Transfers 100 50 150
At 31 July 2024 593 175 768
Amortisation
At 1 August 2023 275 100 375
Charge for year 200 0 200
On disposals
Other adjustments 48 48
At 31 July 2024 523 100 623
Net book value
At 31 July 2024 70 75 145
At 31 July 2023 218 25 243

THE MUSIC KLUB PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 400 150 430 160 299 1,439
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 400 150 430 160 299 1,439
Depreciation
At 1 August 2023 388 140 400 110 150 1,188
Charge for year 20 50 50 120
On disposals ( 169 ) ( 169 )
Other adjustments
At 31 July 2024 388 140 420 160 31 1,139
Net book value
At 31 July 2024 12 10 10 0 268 300
At 31 July 2023 12 10 30 50 149 251

THE MUSIC KLUB PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Fixed assets investments note

The Music Klub Project CIC does not hold any fixed asset investments and does not own shares in any other company. There were no additions or disposals of investments during the year ended 30 April 2025, and no investments were held in the previous financial year.

THE MUSIC KLUB PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Current assets investments note

The Music Klub Project CIC does not hold any current asset investments, such as short-term deposits, marketable securities, or other liquid investments intended for resale.

THE MUSIC KLUB PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 645
Trade creditors 0 3,000
Taxation and social security 3,500 3,000
Accruals and deferred income 0
Other creditors 0
Total 3,500 6,645

COMMUNITY INTEREST ANNUAL REPORT

THE MUSIC KLUB PROJECT CIC

Company Number: 08602743 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The Music Klub delivers a wide range of education, training, and mentoring programmes specifically designed to support young people, particularly those from hard-to-reach or marginalised backgrounds, including those at risk of disengagement from education, not in education, employment or training (NEET), ex-offenders, and those from disadvantaged communities. At the heart of our work is a belief in the transformative power of the creative arts. Our programmes offer positive, dynamic workshops and short accredited courses that not only support young people’s education and employability skills but also foster personal development, creativity, and resilience. Recognising that many young people are inspired by the creative arts and media industries, our delivery integrates cutting-edge social media, music, and digital content platforms. These tools are used not just for engagement but as powerful mediums for self-expression, confidence building, and social inclusion, all while developing practical and transferable skills relevant to modern creative industries. In addition to our ongoing education and training provision, The Music Klub also runs a variety of community-based and holiday programmes rich in creative arts, music, media, wellness, and performance-based activities. These projects are designed to provide safe, inspiring spaces where young people can connect, explore their talents, and develop both socially and emotionally during out-of-school periods. Through our creative, inclusive, and forward-thinking approach, The Music Klub is committed to helping young people find their voice, shape their future, and discover positive pathways in life.

Consultation with stakeholders

No consultation with stakeholders

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
28 July 2025

And signed on behalf of the board by:
Name: Richard Aikins
Status: Director