NORTH STREET GALLERY CIC

Company limited by guarantee

Company Registration Number:
12122390 (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

NORTH STREET GALLERY 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

NORTH STREET GALLERY 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

Directors

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

Jonathan Rolfe
Ross Davidson Bruce


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
15 December 2025

And signed on behalf of the board by:
Name: Jonathan Rolfe
Status: Director

NORTH STREET GALLERY CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 19,062 15,446
Cost of sales: ( 88 ) ( 361 )
Gross profit(or loss): 18,974 15,085
Administrative expenses: ( 19,701 ) ( 16,211 )
Operating profit(or loss): (727) (1,126)
Profit(or loss) before tax: (727) (1,126)
Profit(or loss) for the financial year: (727) (1,126)

NORTH STREET GALLERY CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Current assets
Debtors: 3 510 1,420
Cash at bank and in hand: 9,523 7,664
Total current assets: 10,033 9,084
Net current assets (liabilities): 10,033 9,084
Total assets less current liabilities: 10,033 9,084
Creditors: amounts falling due after more than one year: 4 ( 6,447 ) ( 4,771 )
Total net assets (liabilities): 3,586 4,313
Members' funds
Profit and loss account: 3,586 4,313
Total members' funds: 3,586 4,313

The notes form part of these financial statements

NORTH STREET GALLERY 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 15 December 2025
and signed on behalf of the board by:

Name: Jonathan Rolfe
Status: Director

The notes form part of these financial statements

NORTH STREET GALLERY 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

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Debtors

2025 2024
£ £
Trade debtors 510 1,420
Total 510 1,420

NORTH STREET GALLERY CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

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

2025 2024
£ £
Other creditors 6,447 4,771
Total 6,447 4,771

COMMUNITY INTEREST ANNUAL REPORT

NORTH STREET GALLERY CIC

Company Number: 12122390 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

North Street Gallery is a community interest company intended to benefit primarily local artists but also community groups who wish to make use of our space outside of gallery opening hours. During the course of the financial year we have enabled many artists to exhibit and sell their work. Many of them have never exhibited before, some have only exhibited on a few occasions. We have provided an environment where they can exhibit not only amongst other new and emerging artists but also alongside some more established artists. This has helped artists who are just starting their careers to establish themselves. It has given them experience of preparing and hanging work for exhibition, pricing their work and selling to the public. This hopefully helps many of them to find confidence in their work and to branch out and take their work further. In addition, through taking their share of stewarding in the gallery, artists have experienced interacting with customers which provides extremely valuable feedback. They also meet other artists leading to peer discussion of their work. We have also made the space available for local community groups including art classes, teaching of French and Spanish and a meditation group.

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
15 December 2025

And signed on behalf of the board by:
Name: Jonathan Rolfe
Status: Director