OXYGEN ARTS CIC

Company limited by guarantee

Company Registration Number:
11703222 (England and Wales)

Unaudited statutory accounts for the year ended 7 April 2025

Period of accounts

Start date: 8 April 2024

End date: 7 April 2025

OXYGEN ARTS CIC

Contents of the Financial Statements

for the Period Ended 7 April 2025

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

OXYGEN ARTS CIC

Directors' report period ended 7 April 2025

The directors present their report with the financial statements of the company for the period ended 7 April 2025

Directors

The directors shown below have held office during the whole of the period from
8 April 2024 to 7 April 2025

Marsha Lowe
Clovis Lowe
Sandie Bourne
Sarah Moltoni


The director shown below has held office during the period of
28 February 2025 to 7 April 2025

Jamila Duncan-Bosu


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 December 2025

And signed on behalf of the board by:
Name: Marsha Lowe
Status: Director

OXYGEN ARTS CIC

Profit And Loss Account

for the Period Ended 7 April 2025

2025 2024


£

£
Turnover: 32,263 40,379
Cost of sales: ( 91,156 ) ( 58,090 )
Gross profit(or loss): (58,893) (17,711)
Administrative expenses: ( 122,661 ) ( 102,045 )
Other operating income: 188,923 108,781
Operating profit(or loss): 7,369 (10,975)
Profit(or loss) before tax: 7,369 (10,975)
Tax: 0 0
Profit(or loss) for the financial year: 7,369 (10,975)

OXYGEN ARTS CIC

Balance sheet

As at 7 April 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 3,898 4,433
Total fixed assets: 3,898 4,433
Current assets
Cash at bank and in hand: 5,568 642
Total current assets: 5,568 642
Creditors: amounts falling due within one year: 4 ( 8,304 ) ( 11,282 )
Net current assets (liabilities): (2,736) (10,640)
Total assets less current liabilities: 1,162 ( 6,207)
Total net assets (liabilities): 1,162 (6,207)
Members' funds
Profit and loss account: 1,162 ( 6,207)
Total members' funds: 1,162 (6,207)

The notes form part of these financial statements

OXYGEN ARTS CIC

Balance sheet statements

For the year ending 7 April 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 December 2025
and signed on behalf of the board by:

Name: Marsha Lowe
Status: Director

The notes form part of these financial statements

OXYGEN ARTS CIC

Notes to the Financial Statements

for the Period Ended 7 April 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 comprises of Donations, Grants and Consultancy Income

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 25% reducing balance basis

OXYGEN ARTS CIC

Notes to the Financial Statements

for the Period Ended 7 April 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2

OXYGEN ARTS CIC

Notes to the Financial Statements

for the Period Ended 7 April 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 8 April 2024 4,432 3,189 7,621
Additions 683 683
Disposals
Revaluations
Transfers
At 7 April 2025 5,115 3,189 8,304
Depreciation
At 8 April 2024 2,556 632 3,188
Charge for year 436 782 1,218
On disposals
Other adjustments
At 7 April 2025 2,992 1,414 4,406
Net book value
At 7 April 2025 2,123 1,775 3,898
At 7 April 2024 1,876 2,557 4,433

OXYGEN ARTS CIC

Notes to the Financial Statements

for the Period Ended 7 April 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 2,056
Accruals and deferred income 862 1,322
Other creditors 5,386 9,960
Total 8,304 11,282

OXYGEN ARTS CIC

Notes to the Financial Statements

for the Period Ended 7 April 2025

5. Loans to directors

Name of director receiving advance or credit: Marsha Lowe
Description of the transaction:
Advances repayable within one year
£
Balance at 7 April 2024 5,047
Advances or credits made:
Advances or credits repaid: 5,047
Balance at 7 April 2025 0

COMMUNITY INTEREST ANNUAL REPORT

OXYGEN ARTS CIC

Company Number: 11703222 (England and Wales)

Year Ending: 7 April 2025

Company activities and impact

Black British Ballet project We began the year with a hugely successful hybrid event with The Royal Ballet, Dance Theatre of Harlem and Jacob’s Pillow Dance festival. The event took place with a live audience in the New York Library for the Performing Arts and the Royal Ballet and Opera. Dance Theatre of Harlem sent over their new Artistic Director, Robert Garland as well as some of their dancers to perform with Black dancer from The Royal Ballet Company. Two of our dancers from the project, Julie Felix and Brenda Garratt-Glassman featured on a panel along with Garland, Kevin O’Hare, Artistic Director of Royal Ballet, and our Director Dr Sandie Bourne. The event was also streamed live on YouTube and has to date been viewed over 17.000 times. We then received £35,515 from the Windrush Day fund to deliver the second tour of our Windrush themed ballet, Island Movements to 11 libraries in England and NI in June. The tour opened at Northern Ballet’s Stanley & Audrey Burton Theatre and closed on Windrush Day with two shows at the Birmingham Hippodrome. The ballet was reimagined to focus on the little known history of the contribution of Black Caribbean women in WW2. The shows were again accompanied by a storytelling and movement workshop for 4-8 year olds based on our illustrated children’s book, Onisere and the Ballet Queen to help reach diverse children at the age they would need to begin ballet training. Comments from audience members included: “More events like this please! I had a better understanding of Windrush, ethnic minority challenges. With the ballet, I was inspired to continue pursuing my dreams!” “Wow! A stunning production. Please thank all those involved. Music, dancing, storytelling – joy, injustice, dignity. We were ‘treated’ to a first-class ballet packed with emotion and I for one gained a huge amount from it – not least the feeling of outrage that such shameful treatment happened and is still happening in this country. It made me feel ashamed and determined to play my part in eliminating racism. Thank you for educating me – you really brought the subject to life and got the right message across.” “I have been to many good events in libraries over the years, but this was something else. I never thought that I’d go to the ballet – but you brought the ballet to me! So glad that you did. What an experience. Storytelling par excellence. Stunning outfits and choreography. Dancers at the top of their game. Loved the opportunity for a Q&A afterwards; where else could you get such a night. The whole group were honest and open in their answers, and it was both heart-breaking and enlightening. Change is brought about by enough ordinary people saying, “enough is enough”. THANK YOU.” We found out at the end of March 2024 that we had successfully partnered with Libraries Connected to receive a £245,000 grant from National Lottery Heritage Fund to develop an exhibition tour based on the history of our Black British Ballet pioneers. The Into the Light: Pioneers of Black British Ballet exhibition comprises of 30 images, two short films, and a VR version of the exhibition for more remote branches in each service. The tour launched in September and will travel to 24 libraries across England over the next 14 months. The exhibition is also accompanied by an activity programme designed to engage people of all ages. This includes family ballet workshops for children aged 3+; storytelling and movement workshops for ages 4-8 (that included a free copy of the children’s book for children and/or schools attending); dance and ballet workshops for all aged 7+; creative writing sessions for ages 9+; dance photography workshops for ages 14+; interviews with dancers from the project; and the final tour of our Island Movements show tour in October. This final tour comprised of 20 libraries and community centres around England. Our partnership with Libraries Connected continues to allow us to bring diverse, quality creative experiences to communities with little or no access to this type of activity; and to bring the stories of our Black British Ballet pioneers to a much wider audience. We also created a version of the exhibition for Royal Ballet and Opera that focused on the dancers with a connection to the company or the school. This went on display in October alongside a curated programme of events at the Opera House which featured Dr Sandie Bourne as well as Vincent Hantam and Shevelle Dynott, who are both dancers from the project. The full exhibition was also displayed at English National Ballet’s HQ in Canning Town, in October where we performed our Island Movements show to a sold out audience. Finally, we also received a £4900 grant from MSN Fund in June to enhance our pilot mentoring scheme for Black ballet students. This pilot trained five of the dancers from our project to mentor a total of 14 dancers aged 16-18 in the leading UK ballet schools, including Royal Ballet School, Central School of Ballet and English National Ballet schools. The six month programme ran from October to April aimed to encourage the students to remain in ballet as young Black dancers still report being ‘encouraged’ to enter different dance fields such as contemporary or musical theatre. Student comments include: ‘I have now gained the confidence to embrace the things that make me, me, and I’ve started wearing skin-toned tights which I never had the courage to do before.’ ‘I have definitely gained and developed my sense of self-worth and confidence amongst other things. I have also been able to massively widen my understanding about the dance world through the experiences my mentor shared with me which has been extremely insightful as I now approach stepping into the professional dance world.’ The schools were equally enthusiastic and we plan to run the scheme again in September 2026. Lambeth Our local work has reduced significantly this year, due to the expansion of the Black British Ballet project, the challenging funding position that Lambeth Council is in, as well as the growth of their culture team which has made them less reliant on cultural partners for delivery of services. However, we did manage to secure one grant from the council as part of their nighttime strategy funding which allowed us to put on a sold out performance of our Island Movements ballet show at Clapham Library in September. Consultancy work We continued to provide regular communications support to ATLEU, the anti-trafficking charity, to support their advocacy and direct casework with survivors of trafficking and slavery. This year saw an increased focus on campaigning and policy work with the creation of their policy unit which comprises a lived experience group, as well as increased support for their sister company, Saltworks Law, which invests its profits to support ATLEU’s work. We also worked with other charities and public sector organisations through our consultancy work including The Reading Agency’s Quick Reads programme that aims to get more adults to read, and University of Reading on a mental health podcast aimed at addressing the stigma and stereotypes around Black fathers in child welfare and youth justice settings.

Consultation with stakeholders

Our stakeholders are young people, community audiences, charity clients and cultural partners. Our consultations this year were mainly centred on our Into the Light: Pioneers of Black British Ballet exhibition. Those consulted included library partners, audiences and young people. The first few libraries on the exhibition tour were particularly helpful, especially in Redbridge which booked a wide range of our activities, many of which we’d never delivered before, and library staff were invaluable in helping us to refine and improve the content of these activities: ‘Redbridge Libraries pilot tested the Black British Ballet Island Movements show in 2023. It was a great success with amazing feedback and appetite for the show to return. When applying for the project we were keen to host it in October to feed into and be the highlight of, our larger Black History Month programme and we have been lucky enough to receive it in October. Black History Month is a Strategic Priority for Redbridge Council, Vision Redbridge Culture and Leisure, Redbridge Libraries and Redbridge Outdoor Arts. Vision RCL are commissioned to deliver Black History Month events and activities, which enables us to deliver on these strategic council-wide initiatives & deliver on Vision’s Strategic Objective ‘to build stronger & more sustainable communities’. This project gave us the opportunity to change our approach, raise ambitions, offer a varied programme and present new initiatives such as a VR Exhibition. Delivering a programme as part of Redbridge’s Black History Month, meant representing the diversity of the borough by reflecting local communities, engaging new audiences and bringing diverse communities together, to feel reflected through relevant content.’ Libraries were also consulted at the outset of the exhibition tour to help us to understand their priorities and needs: ‘We were very keen to take part in this programme. As our Central Library has its own Library Theatre and sits beside The Crucible and Lyceum Theatres, we are huge advocates of art and culture, and felt this was an ideal opportunity to not only celebrate the arts, but the contributions of black British people in ballet. Sheffield is a very diverse city, and this kind of exhibition is so important, to allow us to share the stories that people living in our city will identify with or be inspired by. We were very keen to have the opportunity to inspire school children, in particular with black British ballet through the wonderful events offered as part of this. Further, survey feedback on the activities we deliver is sought after each event and this is reviewed on an ongoing basis to help improve our work.

Directors' remuneration

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
24 December 2025

And signed on behalf of the board by:
Name: Marsha Lowe
Status: Director