LONDON GOSPEL MUSIC COMPANY C.I.C.

Company limited by guarantee

Company Registration Number:
09569814 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2025

Period of accounts

Start date: 1 June 2024

End date: 31 May 2025

LONDON GOSPEL MUSIC COMPANY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2025

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

LONDON GOSPEL MUSIC COMPANY C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2025

2025 2024


£

£
Turnover: 80,106 64,872
Cost of sales: ( 15,342 ) ( 14,433 )
Gross profit(or loss): 64,764 50,439
Distribution costs: 0 0
Administrative expenses: ( 81,587 ) ( 65,278 )
Other operating income: 11,918 10,290
Operating profit(or loss): (4,905) (4,549)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (4,905) (4,549)
Tax: 0 0
Profit(or loss) for the financial year: (4,905) (4,549)

LONDON GOSPEL MUSIC COMPANY C.I.C.

Balance sheet

As at 31 May 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 5,750 5,928
Investments: 4 1,050
Total fixed assets: 5,750 6,978
Current assets
Stocks: 5 264 264
Debtors: 6 11,783 10,962
Cash at bank and in hand: 1,115 752
Total current assets: 13,162 11,978
Creditors: amounts falling due within one year: 7 ( 26,563 ) ( 21,479 )
Net current assets (liabilities): (13,401) (9,501)
Total assets less current liabilities: (7,651) ( 2,523)
Creditors: amounts falling due after more than one year: 8 ( 686 ) ( 686 )
Total net assets (liabilities): (8,337) (3,209)
Members' funds
Profit and loss account: (8,337) ( 3,209)
Total members' funds: ( 8,337) (3,209)

The notes form part of these financial statements

LONDON GOSPEL MUSIC COMPANY 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 30 May 2026
and signed on behalf of the board by:

Name: Isaac Kimbowa
Status: Director

The notes form part of these financial statements

LONDON GOSPEL MUSIC COMPANY 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

LONDON GOSPEL MUSIC COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 6 6

LONDON GOSPEL MUSIC COMPANY 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 £ £ £ £ £ £
At 1 June 2024 937 13,676 14,613
Additions 799 799
Disposals
Revaluations
Transfers
At 31 May 2025 937 14,475 15,412
Depreciation
At 1 June 2024 875 7,810 8,685
Charge for year 21 956 977
On disposals
Other adjustments
At 31 May 2025 896 8,766 9,662
Net book value
At 31 May 2025 41 5,709 5,750
At 31 May 2024 62 5,866 5,928

LONDON GOSPEL MUSIC COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

4. Fixed assets investments note

The investment relates to a fixed deposit account held by the company during the previous financial year. The balance at 31 May 2024 was £1,050. The investment was redeemed or reclassified during the current financial year and therefore no fixed asset investment was held at 31 May 2025.

LONDON GOSPEL MUSIC COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

5. Stocks

2025 2024
£ £
Stocks 264 264
Total 264 264

LONDON GOSPEL MUSIC COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

6. Debtors

2025 2024
£ £
Trade debtors 9,206 8,445
Other debtors 2,577 2,517
Total 11,783 10,962
Debtors due after more than one year: 0 0

LONDON GOSPEL MUSIC COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

7. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 15,179 12,820
Taxation and social security 4,045 1,700
Accruals and deferred income 159 159
Other creditors 7,180 6,800
Total 26,563 21,479

LONDON GOSPEL MUSIC COMPANY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2025

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

2025 2024
£ £
Other creditors 686 686
Total 686 686

COMMUNITY INTEREST ANNUAL REPORT

LONDON GOSPEL MUSIC COMPANY C.I.C.

Company Number: 09569814 (England and Wales)

Year Ending: 31 May 2025

Company activities and impact

The company continued to deliver faith-based creative and performing arts programmes across schools, community venues, and holiday programmes throughout the financial year. During the year, over 2,843 music and dance workshops were delivered, alongside music therapy provision, school choir programmes, and approximately 12 days of Holiday Activities and Food (HAF) provision. Activities included instrumental tuition, dance, choir, songwriting, music production, and creative arts workshops. The company benefited the community by providing accessible opportunities for children, young people, adults, and families to engage in creative and performing arts activities that promote confidence, wellbeing, personal development, social inclusion, and positive mental health. More than £5,317 of discounts and financial support was provided to help ensure participation remained affordable for families facing financial hardship. The company continued its commitment to inclusion by delivering music therapy workshops, creating accessible spaces within programmes for participants with learning disabilities and additional needs, training tutors to support inclusive practice, and providing employment opportunities for individuals with learning disabilities. Through partnerships with schools, Medway Council, Dartford Youth Council, churches, and community organisations, the company delivered inspirational assemblies, school fairs, family fun days, and community events that encouraged creativity, community engagement, and positive life choices. During the year, new inspirational music was also released under the Isaac Kimz brand and used in partnership with schools and councils to promote positive mindsets, hope, and community cohesion. The directors believe these activities have made a positive contribution to the communities served by increasing access to creative arts opportunities, reducing barriers to participation, supporting inclusion, and inspiring individuals through positive and uplifting artistic content.

Consultation with stakeholders

The company's principal stakeholders include service users and their families, schools, local authorities, community organisations, tutors, employees, volunteers, and partner organisations, including Medway Council and Dartford Youth Council. The company consults with stakeholders through regular communication, feedback from parents and participants, discussions with schools and local authority partners, staff and tutor meetings, programme reviews, surveys, safeguarding reviews, and ongoing partnership meetings. Feedback received during the year highlighted the continued demand for accessible and affordable creative and performing arts programmes, increased opportunities for children and young people with learning disabilities and additional needs, and the importance of positive and inspirational content within workshops, performances, and music projects. In response to stakeholder feedback, the company continued to provide discounted access to activities for families experiencing financial hardship, increasing the value of discounts and bursaries provided during the year. The company also maintained inclusive programme spaces within its Holiday Activities and Food (HAF) programmes, continued the delivery of music therapy workshops, invested in staff training and safeguarding, and enhanced opportunities for participants with learning disabilities through specialist support and employment opportunities. Feedback from schools, councils, and community partners also informed the company's continued delivery of assemblies, community events, school choir programmes, and the creation of new inspirational music designed to promote positive mindsets, wellbeing, and community engagement.

Directors' remuneration

The director received remuneration during the financial year in respect of services provided to the company. The remuneration was modest and proportionate to the responsibilities undertaken in managing the company, overseeing compliance, developing partnerships, securing funding opportunities, supervising staff and volunteers, and delivering the company's community benefit activities. The board considered the remuneration to be reasonable and necessary to enable the continued delivery of the company's social objectives and community programmes. The remuneration was significantly below market rates for comparable leadership and management responsibilities and reflected the company's commitment to maximising resources for community benefit.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 May 2026

And signed on behalf of the board by:
Name: Isaac Kimbowa
Status: Director