NENE ART SCHOOL C.I.C.

Company limited by guarantee

Company Registration Number:
15710357 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2025

Period of accounts

Start date: 9 May 2024

End date: 31 May 2025

NENE ART SCHOOL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2025

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

NENE ART SCHOOL C.I.C.

Directors' report period ended 31 May 2025

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

Principal activities of the company

The directors present their report and the financial statements for the year ended 2026. The principal activity of the company during the year was the provision of community-based arts and creative sessions for young people aged 8–18, promoting health and wellbeing. During the year, the company delivered regular sessions supported by volunteers. Following the period end, the company ceased activities in June 2025 and commenced voluntary dissolution procedures. The directors who served during the year were Jurgita Kapsiene and Chloe Alice Sayers. This report was approved by the board and signed on behalf of the directors on 19th January 2026.

Additional information

Nene Art School C.I.C. is currently in the process of voluntary dissolution. The application for voluntary strike-off has been approved.



Directors

The director shown below has held office during the period of
17 March 2025 to 31 May 2025

Chloe Alice Sayers


The director shown below has held office during the whole of the period from
9 May 2024 to 31 May 2025

Jurgita Kapsiene


Secretary Rita Skukauske

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
19 January 2026

And signed on behalf of the board by:
Name: Jurgita Kapsiene
Status: Director

NENE ART SCHOOL C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2025

13 months to 31 May 2025


£
Turnover: 10,646
Cost of sales: ( 5,783 )
Gross profit(or loss): 4,863
Operating profit(or loss): 4,863
Profit(or loss) before tax: 4,863
Profit(or loss) for the financial year: 4,863

NENE ART SCHOOL C.I.C.

Balance sheet

As at 31 May 2025

Notes 13 months to 31 May 2025


£
Fixed assets
Tangible assets: 3 977
Total fixed assets: 977
Net current assets (liabilities):  
Total assets less current liabilities: 977
Total net assets (liabilities): 977
Members' funds
Profit and loss account: 977
Total members' funds: 977

The notes form part of these financial statements

NENE ART SCHOOL C.I.C.

Balance sheet statements

For the year ending 31 May 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 19 January 2026
and signed on behalf of the board by:

Name: Jurgita Kapsiene
Status: Director

The notes form part of these financial statements

NENE ART SCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 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 represents all income received by the company during the accounting period, including grants, donations, and course or workshop fees, and is recognised when received. All money raised by or on behalf of Nene Art School C.I.C. is only to be used to further the aims of the group. If it is agreed to dissolve the group, all remaining money and other assets, once outstanding debts have been paid, will be returned to funders or donated to a local charitable organisation.

    Valuation information and policy

    Assets and liabilities are included in the accounts at historical cost. No revaluation is applied.

    Other accounting policies

    The company is a Community Interest Company limited by guarantee and does not have share capital. All surplus income is retained to further the company’s objectives. The accounts are prepared on a receipts and payments basis.

NENE ART SCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

  • 2. Employees

    13 months to 31 May 2025
    Average number of employees during the period 0

    Volunteers only (unpaid)

NENE ART SCHOOL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 977 977
Disposals
Revaluations
Transfers
At 31 May 2025 977 977
Depreciation
Charge for year
On disposals
Other adjustments
At 31 May 2025
Net book value
At 31 May 2025 977 977

COMMUNITY INTEREST ANNUAL REPORT

NENE ART SCHOOL C.I.C.

Company Number: 15710357 (England and Wales)

Year Ending: 31 May 2025

Company activities and impact

Nene Art School C.I.C. was a non-profit organisation providing weekly after-school and out-of-school sessions for young people aged 8–18, promoting health and wellbeing while enjoying various arts and crafts. Sessions were led by professional, DBS checked and experienced volunteers. It was a safe space for young people to meet, make friends, and enjoy arts and games. By choosing from different activities during each session, young people were able to express themselves, build friendships, and feel welcomed. We had a multicultural and inclusive environment, with 36 young people attending weekly and six volunteers supporting the sessions. We were running 3 sessions a week after school, also providing free refreshments and snack. Feedback from both students and volunteers showed that these activities promoted wellbeing and helped participants gain confidence. More information is available at https://neneartschool.wixsite.com/neneartschool Sadly, a founder and main organiser had to move to another country due to the serious illness of her son, where he is receiving continuous professional treatment. This was unexpected, and despite efforts to continue the school, no one felt confident enough to take it over. All activities ceased in June 2025, and the company is now in voluntary dissolution.

Consultation with stakeholders

Discussions were held with all directors, the company secretary, volunteers, funders, young people themselves and their parents. In accordance with agreed terms, the remaining balance of funding was returned to the funders, and the school’s equipment and materials were donated to a local youth organisation. We also consulted with the council representative form Cambridgeshire County Council who supported us during the development of our activities, which grew into a such a positive and valued community initiative.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £1395. 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
19 January 2026

And signed on behalf of the board by:
Name: Jurgita Kapsiene
Status: Director