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# GRAND ARTS CIC

## Company limited by guarantee

## Company Registration Number:
15722643 (England and Wales)

## Unaudited statutory accounts for the year ended 14 November 2025

## Period of accounts

## Start date: 15 May 2024

## End date: 14 November 2025

# GRAND ARTS CIC

## Contents of the Financial Statements

for the Period Ended 14 November 2025

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

# GRAND ARTS CIC

Directors' report period ended 14 November 2025

The directors present their report with the financial statements of the company for the period ended 14 November 2025

Directors

The directors shown below have held office during the whole of the period from
15 May 2024 to 14 November 2025

Grenville Hancox
Tatiana Dudova

The director shown below has held office during the period of
16 September 2025 to 14 November 2025

Aicha Mehrez

The director shown below has held office during the period of
26 January 2025 to 14 November 2025

Giles Croft

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
13 February 2026

And signed on behalf of the board by:
Name: Grenville Hancox
Status: Director

# GRAND ARTS CIC

## Profit And Loss Account

for the Period Ended 14 November 2025

| 18 months to 14 November 2025
--- | ---
| £
Turnover: | 47,998 |
Cost of sales: | ( 23,146 ) |
Gross profit(or loss): | 24,852
Administrative expenses: | ( 10,445 ) |
Operating profit(or loss): | 14,407
Profit(or loss) before tax: | 14,407
Tax: | ( 2,737 ) |
Profit(or loss) for the financial year: | 11,670

# GRAND ARTS CIC

## Balance sheet

As at 14 November 2025

| Notes | 18 months to 14 November 2025
--- | --- | ---
|  | £
Current assets
Cash at bank and in hand: |  | 28,140 |
Total current assets: |  | 28,140
Net current assets (liabilities): |  | 28,140
Total assets less current liabilities: |  | 28,140
Creditors: amounts falling due after more than one year: | 3 | ( 16,470 ) |
Total net assets (liabilities): |  | 11,670
Members' funds
Profit and loss account: |  | 11,670 |
Total members' funds: |  | 11,670

The notes form part of these financial statements

# GRAND ARTS CIC

## Balance sheet statements

For the year ending 14 November 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 13 February 2026
and signed on behalf of the board by:

Name: Grenville Hancox
Status: Director

The notes form part of these financial statements

# GRAND ARTS CIC

## Notes to the Financial Statements

for the Period Ended 14 November 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

  Other accounting policies

  These financial statements for the period from 15 May 2024 to 14 November 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 15 May 2024. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. Transactions with related parties During the year, the Company purchased services totalling £2,165 from Santa Vessey, the spouse of Aicha Mehrez, a director of the Company. During the year, a fee of £180 was paid to Giles Croft, a director of the Company, for performing his play, Channeling Jabez. All payments for professional services were considered reasonable and proportionate to the work undertaken, supporting the community interest objectives of the Company

# GRAND ARTS CIC

## Notes to the Financial Statements

for the Period Ended 14 November 2025

- ## 2. Employees

  | 18 months to 14 November 2025
  --- | ---
  Average number of employees during the period | 0 |

# GRAND ARTS CIC

## Notes to the Financial Statements

for the Period Ended 14 November 2025

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

| 18 months to 14 November 2025
--- | ---
| £
Other creditors | 16,470 |
Total | 16,470

# COMMUNITY INTEREST ANNUAL REPORT

### GRAND ARTS CIC

### Company Number: 15722643 (England and Wales)

### Year Ending: 14 November 2025

Company activities and impact

Grand Arts CIC is curating a programme of events for community benefit in the large ground floor rooms – the Ballroom, Green Room and Dining Room – of The Grand in Folkestone. It has hosted a vibrant cultural and community programme in its first year to 14 November 2025, which has included over 40 concerts, the Tosti International Singing Academy, a large number of community groups, including the Sustainable Futures Forum’s Volunteer and Skills Fair, as well as being home to CHAFF – the Creative Health Alliance for Folkestone. Grand Arts CIC also hosts The Christmas Dinner Folkestone for approximately 50 young care leavers. On average, it hosts more than one public event per week.

Consultation with stakeholders

Stakeholders include Bayle Music, Folkestone New Music, Folkestone Early Music, Sacconi Quartet, CHAFF (Creative Health Alliance for Folkestone), Moving Memory Dance Theatre, Folkestone On Song and Grand (Folkestone) Residents Limited). A formal consultation has not been held however the CIC engages in regular dialogue with its stakeholders to ensure they have the opportunity to feedback and input into the CIC’s work, and the CIC has the opportunity to improve its delivery of cultural and community programmes. The CIC anticipates hosting a community consultation during 2026 and will report on this with its second year accounts.

Directors' remuneration

During the year, the Company purchased services totalling £2,165 from Santa Vessey, the spouse of Aicha Mehrez, a director of the Company. During the year, a fee of £180 was paid to Giles Croft, a director of the Company, for performing his play, Channeling Jabez. No other remuneration was received by the directors. All payments for professional services were considered reasonable and proportionate to the work undertaken, supporting the community interest objectives of the Company.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 February 2026

And signed on behalf of the board by:
Name: Grenville Hancox
Status: Director