INTOBODMIN CIC

Company limited by guarantee

Company Registration Number:
11005917 (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

INTOBODMIN CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

INTOBODMIN CIC

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

Support activities to performing arts

Additional information

Statement of Directors Responsibilities The directors are responsible for preparing the Directors’ Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit and loss for the company for that period. In preparing these financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies’ regime The report of the directors has been prepared taking advantage of the small companies exemptions of Section 415A of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Joy Bassett
Jowdy Davey
Mary Godwin
Fintan Irwin-Bowler
Jayne Smith
Natasha Arnold
Matthew Punyer
Kerensa Beer-Robson
Andrew James Robert Stuart
Claire Louise Elliott (Chair)


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
17 July 2025

And signed on behalf of the board by:
Name: Fintan Irwin-Bowler
Status: Director

INTOBODMIN CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 455,113 972,709
Cost of sales: ( 240,456 ) ( 747,687 )
Gross profit(or loss): 214,657 225,022
Administrative expenses: ( 232,136 ) ( 174,135 )
Other operating income: 498,338
Operating profit(or loss): 480,859 50,887
Profit(or loss) before tax: 480,859 50,887
Profit(or loss) for the financial year: 480,859 50,887

INTOBODMIN CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 685,460 175,000
Total fixed assets: 685,460 175,000
Current assets
Debtors: 4 81,469 18,334
Cash at bank and in hand: 71,738 138,833
Total current assets: 153,207 157,167
Creditors: amounts falling due within one year: 5 ( 143,097 ) ( 117,456 )
Net current assets (liabilities): 10,110 39,711
Total assets less current liabilities: 695,570 214,711
Creditors: amounts falling due after more than one year: 6 ( 120,000 ) ( 120,000 )
Total net assets (liabilities): 575,570 94,711
Members' funds
Profit and loss account: 575,570 94,711
Total members' funds: 575,570 94,711

The notes form part of these financial statements

INTOBODMIN 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 17 July 2025
and signed on behalf of the board by:

Name: Fintan Irwin-Bowler
Status: Director

The notes form part of these financial statements

INTOBODMIN 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

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. (c) Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Event Equipment and computers - 25% straight line Fixtures & Fittings -25% straight line Building - 5% straight line

    Other accounting policies

    Reserves accounting Reserves held by the company can be: Unrestricted reserves – these are funds without specified purpose and are available as general funds Designated reserves – these are funds set aside by the directors out of unrestricted reserves for specific future purposes of projects Restricted reserves – these are funds which can only be used for particular restricted purposes within the objects of the company. Restrictions arise when specified by the donor or when funds are raised for particular purpose

INTOBODMIN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 11 10

    The directors aggregate remuneration in respect of qualifying services were £41,406 (2023/24 £38,007)

INTOBODMIN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 175,000 0 0 175,000
Additions 498,338 2,136 13,881 514,355
Disposals
Revaluations
Transfers
At 31 March 2025 673,338 2,136 13,881 689,355
Depreciation
At 1 April 2024 0 0 0 0
Charge for year 2,769 355 771 3,895
On disposals
Other adjustments
At 31 March 2025 2,769 355 771 3,895
Net book value
At 31 March 2025 670,569 1,781 13,110 685,460
At 31 March 2024 175,000 0 0 175,000

INTOBODMIN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Trade debtors 8,794 10,610
Prepayments and accrued income 66,136 3,459
Other debtors 6,539 4,265
Total 81,469 18,334

INTOBODMIN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 10,067 16,212
Taxation and social security 7,649 2,407
Accruals and deferred income 115,254 97,849
Other creditors 10,127 988
Total 143,097 117,456

INTOBODMIN CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 120,000 120,000
Total 120,000 120,000

COMMUNITY INTEREST ANNUAL REPORT

INTOBODMIN CIC

Company Number: 11005917 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

n 2024/25, intoBodmin delivered a year-round programme of cultural and creative activity rooted in community participation and social value. We delivered 72 live events across multiple venues including The Old Library, St Petroc’s Church and The Beat, with an estimated audience of over 3,600 people. Events included concerts, theatre, craft workshops, wellbeing sessions, and two major seasonal commissions, Nos Calan Gwaf and the Spring Trail. We supported over 60 artists and freelancers during the year 80% of whom are Cornwall-based and engaged 10 regular volunteers contributing up to 25 hours per month. Our new artist commissions, such as the Christmas show Hah BumHug!, provided development opportunities for early-career creatives. Participants consistently rated event quality highly, with an average rating of 4.76 out of 5 (from 147 feedback forms). The reopening of The Old Library after capital refurbishment brought renewed energy to our community offer. Activities included Wosson Wednesdays, craft and wellness sessions, and space hire by 37 external organisations. The building was described by users and partners as “welcoming,” “safe,” and “non-judgemental,” with a noticeable increase in lingering, informal social interaction an indicator of trust and belonging. We continued to deliver funded programmes including Roots and Routes, The Bodcast, Wellbeing Walks, and The Bodmin Wellness Hub. These targeted wellbeing, place-based heritage, and intergenerational participation, helping reduce isolation and boost confidence. These projects were supported by Cornwall Council, the National Lottery Heritage Fund, Esmee Fairbairn Foundation, and Arts Council England.

Consultation with stakeholders

intoBodmin’s primary stakeholders include audience members, participants, artists, partner organisations, volunteers, and funders. During 2024/25, we adopted multiple mechanisms to listen and respond, including, Annual Survey completed by 147 people, covering demographics, experience of events, and perceptions of The Old Library, 31 Story Collector reports gathered through 70 hours of in-person listening at 27 events, Artist Feedback Forms completed by 6 creatives, assessing experience and support, Stakeholder conversations with 9 partner organisations during March 2025, Story Collectors captured qualitative insight, highlighting that participants value the welcoming atmosphere, social connection, and affordable access to creative activity. Responses showed that people attend alone as well as in groups, and that the programming is increasingly seen as “something for everyone.” Stakeholders described intoBodmin as a transformative force in Bodmin’s cultural landscape, praised for stimulating creativity, building partnerships, and contributing to town centre regeneration. Some challenges were also acknowledged, including the ongoing need to build trust with those who feel the arts “are not for them,” and the complexity of managing multiple programme strands within a small team. We recognise that certain underserved groups remain underrepresented and are developing new strategies, including our Creative Community Practitioner role and embedded evaluation processes, to ensure our offer is more visible, relevant, and inclusive.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £41,406. 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
17 July 2025

And signed on behalf of the board by:
Name: Fintan Irwin-Bowler
Status: Director