FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13086519 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2024

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

Principal activities of the company

The company's principal activities are the provision of music and cultural programs for community benefit. The company operates as a Community Interest Company delivering inclusive musical workshops, performances, and educational programs primarily serving diverse communities across Newham, Camden, and Hackney boroughs in London. Core activities include weekly open workshops and rehearsals, monthly jam sessions, community performances as the Flotsam Orchestra, and intensive residency programs. All activities focus on providing accessible opportunities for participants from diverse cultural backgrounds to develop musical skills, leadership capabilities, and community connections through engagement with world music traditions. The company works in partnership with organizations including Newham Music and various community venues to maximize community impact and ensure programs remain free or low-cost to participants.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Maya McCourt
Moa Norrsell Fahlander
Lauren Spiceley


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
13 August 2025

And signed on behalf of the board by:
Name: Maya McCourt
Status: Director

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 3,485 5,163
Cost of sales: ( 887 ) ( 1,409 )
Gross profit(or loss): 2,598 3,754
Administrative expenses: ( 2,494 ) ( 3,382 )
Operating profit(or loss): 104 372
Profit(or loss) before tax: 104 372
Profit(or loss) for the financial year: 104 372

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 3,323 2,190
Total current assets: 3,323 2,190
Creditors: amounts falling due within one year: 3 ( 1,200 )
Net current assets (liabilities): 2,123 2,190
Total assets less current liabilities: 2,123 2,190
Total net assets (liabilities): 2,123 2,190
Members' funds
Profit and loss account: 2,123 2,190
Total members' funds: 2,123 2,190

The notes form part of these financial statements

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 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 13 August 2025
and signed on behalf of the board by:

Name: Maya McCourt
Status: Director

The notes form part of these financial statements

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 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

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024
£
Accruals and deferred income 1,200
Total 1,200

COMMUNITY INTEREST ANNUAL REPORT

FLOTSAM SESSIONS COMMUNITY INTEREST COMPANY

Company Number: 13086519 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

In 2024, our CIC delivered substantial community benefit through accessible music programs serving over 18s from diverse cultural backgrounds across Newham, Camden and Hackney boroughs. Core Activities: Weekly inclusive workshops and rehearsals in partnership with Newham Music, providing musical leadership opportunities and peer-leading skills to a core group of 30 regular participants Monthly open jam sessions attracting over 500 attendees throughout the year, creating accessible entry points for community participation Free community performances as the Flotsam Orchestra across London venues 4-day intensive residency culminating in a professional-standard concert at minimal cost to participants Sold-out performance for 300 people at a premier East London venue, showcasing diverse musical styles typically underrepresented in top-tier venues Community Benefit Delivered: Our programs provided underserved communities with regular, free access to high-quality music education and performance opportunities. Participants gained skills in diverse world music traditions, developed confidence and leadership abilities, and improved language skills through multicultural musical collaboration. Measurable Impact: Participants reported increased confidence, enhanced musical and leadership capabilities, strengthened community connections, and reduced social isolation. Our programming specifically featured musical styles reflecting London's diverse residents, providing cultural representation often absent from mainstream venues. Accessibility Measures: All activities were free or heavily subsidized, with travel bursaries available for those in financial need, ensuring economic barriers did not prevent participation.

Consultation with stakeholders

Our key stakeholders include workshop participants, community members attending events, and partner organizations including Newham Music, Grow Hackney, and Cody Docks venues. How the stakeholders have been consulted: Regular feedback surveys distributed to audiences and participants after workshops and events Participant meetings held regularly to gather input on programming and activities Partner consultations with collaborating organizations including Newham Music and venue partners Ongoing informal consultation through direct engagement during workshops and events Action the company has taken in response to feedback from its consultations: Survey responses consistently indicated that participants felt Flotsam had improved their mental wellbeing and increased their sense of community connection, validating our program approach. Based on stakeholder feedback, we have maintained our focus on free, accessible programming and continued our partnership model with local organizations. Regular participant input helps shape our weekly programming and ensures activities remain responsive to community needs and interests.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £1200. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 August 2025

And signed on behalf of the board by:
Name: Maya McCourt
Status: Director