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# OT CREATIVE SPACE CIC

## Company limited by guarantee

## Company Registration Number:
11907352 (England and Wales)

## Unaudited statutory accounts for the year ended 30 March 2025

## Period of accounts

## Start date: 31 March 2024

## End date: 30 March 2025

# OT CREATIVE SPACE CIC

## Contents of the Financial Statements

for the Period Ended 30 March 2025

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

# OT CREATIVE SPACE CIC

Directors' report period ended 30 March 2025

The directors present their report with the financial statements of the company for the period ended 30 March 2025

Principal activities of the company

The company's principal activity during the year was to be a shared artists studio and community arts space.

Directors

The directors shown below have held office during the whole of the period from
31 March 2024 to 30 March 2025

Amina Bodhania
Danny Cheung
Lisa Gillen
Hannah Howard
Malgorzata Polanska
Fissaha Tesfagabir

The director shown below has held office during the period of
31 March 2024 to 8 July 2024

Katherine Rostron

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
27 November 2025

And signed on behalf of the board by:
Name: Danny Cheung
Status: Director

# OT CREATIVE SPACE CIC

## Profit And Loss Account

for the Period Ended 30 March 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 40,801 | 34,127
Cost of sales: | ( 160 ) | 0
Gross profit(or loss): | 40,641 | 34,127
Administrative expenses: | ( 40,212 ) | ( 35,639 )
Operating profit(or loss): | 429 | (1,512)
Profit(or loss) before tax: | 429 | (1,512)
Tax: | ( 369 ) |
Profit(or loss) for the financial year: | 60 | (1,512)

# OT CREATIVE SPACE CIC

## Balance sheet

As at 30 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 0 | 1,513
Total fixed assets: |  | 0 | 1,513
Current assets
Debtors: | 4 | 3,500 | 0
Cash at bank and in hand: |  | 46,057 | 6,654
Total current assets: |  | 49,557 | 6,654
Creditors: amounts falling due within one year: | 5 | ( 47,984 ) | ( 6,654 )
Net current assets (liabilities): |  | 1,573 | 0
Total assets less current liabilities: |  | 1,573 | 1,513
Total net assets (liabilities): |  | 1,573 | 1,513
Members' funds
Profit and loss account: |  | 1,573 | 1,513
Total members' funds: |  | 1,573 | 1,513

The notes form part of these financial statements

# OT CREATIVE SPACE CIC

## Balance sheet statements

For the year ending 30 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 27 November 2025
and signed on behalf of the board by:

Name: Danny Cheung
Status: Director

The notes form part of these financial statements

# OT CREATIVE SPACE CIC

## Notes to the Financial Statements

for the Period Ended 30 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

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Fixtures and fittings: over 4 years

  Valuation information and policy

  Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

  Other accounting policies

  Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

# OT CREATIVE SPACE CIC

## Notes to the Financial Statements

for the Period Ended 30 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# OT CREATIVE SPACE CIC

## Notes to the Financial Statements

for the Period Ended 30 March 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 31 March 2024 |  |  | 6,049 |  |  | 6,049
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 March 2025 |  |  | 6,049 |  |  | 6,049
Depreciation |  |  |  |  |  |
At 31 March 2024 |  |  | 4,536 |  |  | 4,536
Charge for year |  |  | 1,513 |  |  | 1,513
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 March 2025 |  |  | 6,049 |  |  | 6,049
Net book value |  |  |  |  |  |
At 30 March 2025 |  |  | 0 |  |  | 0
At 30 March 2024 |  |  | 1,513 |  |  | 1,513

# OT CREATIVE SPACE CIC

## Notes to the Financial Statements

for the Period Ended 30 March 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 3,500 | 0
Total | 3,500 | 0

# OT CREATIVE SPACE CIC

## Notes to the Financial Statements

for the Period Ended 30 March 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 5,633 | 3,340
Taxation and social security | 369 |
Accruals and deferred income | 41,982 | 3,314
Total | 47,984 | 6,654

# COMMUNITY INTEREST ANNUAL REPORT

### OT CREATIVE SPACE CIC

### Company Number: 11907352 (England and Wales)

### Year Ending: 30 March 2025

Company activities and impact

OT creative space is a Community Arts Space on a local High Street in Old Trafford. During the year April 2024 to March 2025 we delivered over 700 workshops both in our studio space and in other locations around Old Trafford including parks, care homes, local schools and community centres. Participants and community members noted that their individual mental well being had improved, New skills and creative expressions have not only been learnt but also celebrated through our exhibitions and projects and community cohesion and pride has been improved. We have continued to develop our workshop programme delivered in our studio that benefits the community through access to free or low cost art workshops and activities that support their mental wellbeing, creative aspirations and community cohesion. We received funding from Public health in art to run 3 different courses of art for wellbeing which each in turn presented art in the window and hosted a community brew on the bench. These were attended by over 60 people. We have received further funding from the national lottery community fund to run a year of creative cultures workshops from January 2025 - December 2025. (deferred grant income) We have continued our weekly brew on the bench activity on Wednesday afternoons offering free tea and coffee and a chat to help combat isolation and encourage positive physical and mental well-being. We received project funding from Arts Council England to deliver a community project; Reclaimed Narratives to be presented at AR Fest 25, a festival along Ayres road that we run with other partners in Old Trafford that is held in June 2025 . The project has started but will be complete by August 2025. (deferred grant income) We have worked with partners IWM north to run a series of workshops with the Desi Grannies which resulted in an exhibition “outrageous women” at the museum. We have also worked with other local partners Ascension church Hulme, Trafford libraries, St Johns centre, Limelight old trafford, TfGM, trafford collective and university of Manchester to run workshops, events and community projects. We have organised an OT green trail in partnership with Love Old Trafford that celebrates the nature in the area and delivered workshops with 3 primary schools to support this. This will be launched in May 2025. We held a community open exhibition titled ‘Play’ with over 70 entries from local children, community members and Artists to celebrate creativity in OT and had an exhibition weekend with over 300 visitors from the local community. We have continued to hold monthly family art clubs in THE BACK gALLErY and have received funding from The Manchester Airport trust to do more planting and artwork in these places from a local housing association making it a much nicer space to come together for the local community. During the summer of 2024 we ran a Unity in Diversity- hopes and dreams wall pop up project that is now on display in THE BACK gALLErY. We have exhibited over 15 different Window Exhibitions by local Artists and groups, and have also facilitated Monthly creatives Nights to support local Artists, Makers and creatives. This has also led us to host christmas maker markets giving people the opportunity to sell and share their crafts and the local community to buy. The first for this year, was a kids christmas market encouraging entrepreneurship and creativity in under 18’s. We rent out the Artist studio space to 12 artists at an affordable rate allowing them to develop their artistic and creative career and have a studio hire offer so the community can rent the space for meetings, groups, workshops and parties at an affordable rate. We have four regular weekly bookings from The desi grannies, Art Twilight, Young identity and Awesome arts alongside other ad hoc booking supporting Artists and creatives to deliver their own workshops and events.

Consultation with stakeholders

The Company's stakeholders are the local residents of Old Trafford. All the Directors are local to Old Trafford and have worked on developing the business plan through local knowledge and discussions with residents. We have a database of those who attend workshops and events by asking them to register on our website. This has enabled us to see the demographic of who we are currently reaching and ask for feedback and ideas of what they would like to see at OTCS as we develop further. From this we are running monthly creatives evenings to regularly check in with local artists and support them in their practice within the community. This has also influenced the times and types of workshops we run and we have started doing early afternoon workshops as a result of this. We also have our ‘OT creative voice’ group which consists of 6-10 local community members from all backgrounds that is our community advisory board to ensure that all we do reflects our community and is shared widely amongst the community. This group met twice this year. We regularly ask for feedback after workshops, short courses and pop up events that help us shape our future programme.

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
27 November 2025

And signed on behalf of the board by:
Name: Danny Cheung
Status: Director