for the Period Ended 31 March 2025
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2025 | 16 months to 31 March 2024 | |
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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| Administrative expenses: |
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(
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| Operating profit(or loss): |
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( |
| Profit(or loss) before tax: |
( |
( |
| Profit(or loss) for the financial year: |
( |
( |
As at
| Notes | 2025 | 16 months to 31 March 2024 | |
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 3 |
(
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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: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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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 31 March 2025
Basis of measurement and preparation
for the Period Ended 31 March 2025
| 2025 | 16 months to 31 March 2024 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 March 2025
| 2025 | 16 months to 31 March 2024 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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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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During the year we mounted two selling art and craft exhibitions, one in the summer and one in the run-up to Christmas. The exhibitors were artists and craftspeople drawn from the local community and together the exhibitions attracted more than 600 visitors. In addition, we also ran a major public-participation event, Shepton Vignettes, which invited members of the public to submit works of art, craft, writing or any other creative medium inspired by the town of Shepton Mallet. We successfully raised sponsorship to cover all expenses. There were three categories of prize: under-12, under-18, and adult and in all, we had over 100 entries across all categories. The submissions were publicly displayed at Create@#8, SMart's venue at 8 Town Street, Shepton Mallet. The three winners each received cash prizes. Additionally, we rented the space at Create at minimal cost to a wide diversity of community groups and artists throughout the year and organised and held two Arts Forums for cultural workers in the town on behalf of Shepton Mallet Town Council.
Through the two Arts Forums, the engagement necessary for mounting the two exhibitions and enabling local community groups and cultural workers to rent the space, we continually engaged with our stakeholders throughout the year. We pride ourselves an being an open, participative and community-sensitive organisation.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
1 December 2025
And signed on behalf of the board by:
Name: Ian Keys
Status: Director