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# FRUGAL MUSIC ACADEMY CIC

## Company limited by guarantee

## Company Registration Number:
14797643 (England and Wales)

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

## Period of accounts

## Start date: 1 July 2024

## End date: 30 June 2025

# FRUGAL MUSIC ACADEMY CIC

## Contents of the Financial Statements

for the Period Ended 30 June 2025

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

# FRUGAL MUSIC ACADEMY CIC

## Profit And Loss Account

for the Period Ended 30 June 2025

| 2025 | 2 months to 30 June 2024
--- | --- | ---
| £ | £
Turnover: | 15,165 | 16,155
Gross profit(or loss): | 15,165 | 16,155
Administrative expenses: | ( 21,250 ) | ( 22,655 )
Operating profit(or loss): | (6,085) | (6,500)
Profit(or loss) before tax: | (6,085) | (6,500)
Profit(or loss) for the financial year: | (6,085) | (6,500)

# FRUGAL MUSIC ACADEMY CIC

## Balance sheet

As at 30 June 2025

| Notes | 2025 | 2 months to 30 June 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 6,075 | 5,985
Total fixed assets: |  | 6,075 | 5,985
Current assets
Stocks: | 4 | 310 | 285
Debtors: | 5 | 2,850 | 2,240
Total current assets: |  | 3,160 | 2,525
Prepayments and accrued income: |  | 5,097 | 3,220
Net current assets (liabilities): |  | 8,257 | 5,745
Total assets less current liabilities: |  | 14,332 | 11,730
Provision for liabilities: |  |  | ( 5,350 )
Total net assets (liabilities): |  | 14,332 | 6,380
Members' funds
Profit and loss account: |  | 14,332 | 6,380
Total members' funds: |  | 14,332 | 6,380

The notes form part of these financial statements

# FRUGAL MUSIC ACADEMY CIC

## Balance sheet statements

For the year ending 30 June 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 16 April 2026
and signed on behalf of the board by:

Name: Peteer Osezua
Status: Director

The notes form part of these financial statements

# FRUGAL MUSIC ACADEMY CIC

## Notes to the Financial Statements

for the Period Ended 30 June 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

# FRUGAL MUSIC ACADEMY CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

- ## 2. Employees

  | 2025 | 2 months to 30 June 2024
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# FRUGAL MUSIC ACADEMY CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 July 2024 |  |  | 3,200 | 2,785 |  | 5,985
Additions |  |  |  | 90 |  | 90
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 June 2025 |  |  | 3,200 | 2,875 |  | 6,075
Depreciation |  |  |  |  |  |
At 1 July 2024 |  |  |  |  |  |
Charge for year |  |  |  |  |  |
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 June 2025 |  |  |  |  |  |
Net book value |  |  |  |  |  |
At 30 June 2025 |  |  | 3,200 | 2,875 |  | 6,075
At 30 June 2024 |  |  | 3,200 | 2,785 |  | 5,985

# FRUGAL MUSIC ACADEMY CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 4. Stocks

| 2025 | 2 months to 30 June 2024
--- | --- | ---
| £ | £
Stocks | 310 | 285
Total | 310 | 285

# FRUGAL MUSIC ACADEMY CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 5. Debtors

| 2025 | 2 months to 30 June 2024
--- | --- | ---
| £ | £
Trade debtors | 2,850 | 2,240
Total | 2,850 | 2,240

# COMMUNITY INTEREST ANNUAL REPORT

### FRUGAL MUSIC ACADEMY CIC

### Company Number: 14797643 (England and Wales)

### Year Ending: 30 June 2025

Company activities and impact

The company engaged in several musical / instrumentals training programmes for the youths of Woolwich, Plumstead and Charlton all in the Greenwich Bourough. This diverted the energies of the youth into positive endeavours from negative activities like drinking/drugs or violent street actions. The company is also coming up with a number of additional activties like Annual Summer Youth Camp for the youth of the Greenwich borough for intensive session this summer.

Consultation with stakeholders

The comoany enegaged with several stakeholders inclding officials of the Greenwich Council and several Youth Development Leaders in the borough. The company also use the engagment of musical practitioners within the borough to activate the programmes and involved in the training sessions, as well as obtaining feedback from them

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
16 April 2026

And signed on behalf of the board by:
Name: 16th April 2026
Status: Director