SAW & STAGE C.I.C.

Company Registration Number:
12953137 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2025

Period of accounts

Start date: 1 November 2024

End date: 31 October 2025

SAW & STAGE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SAW & STAGE C.I.C.

Balance sheet

As at 31 October 2025

Notes 2025 2024


£
£
Fixed assets
Tangible assets: 3 66,800 134,023
Total fixed assets: 66,800 134,023
Current assets
Stocks: 4 5,494 15,040
Debtors: 5 27,155 44,302
Cash at bank and in hand: 6,388 21,598
Total current assets: 39,037 80,940
Creditors: amounts falling due within one year: 6 ( 99,619 ) ( 105,676 )
Net current assets (liabilities): (60,582) (24,736)
Total assets less current liabilities: 6,218 109,287
Creditors: amounts falling due after more than one year: 7 ( 35,798 ) ( 71,868 )
Total net assets (liabilities): (29,580) 37,419
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (29,582 ) 37,417
Total Shareholders' funds: ( 29,580 ) 37,419

The notes form part of these financial statements

SAW & STAGE C.I.C.

Balance sheet statements

For the year ending 31 October 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 July 2026
and signed on behalf of the board by:

Name: Rufus Maurice
Status: Director

The notes form part of these financial statements

SAW & STAGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Tangible fixed assets: Plant and machinery - Over 5 years

    Other accounting policies

    Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SAW & STAGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 10 12

SAW & STAGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2024 216,144 216,144
Additions 1,640 1,640
Disposals 0 0
Revaluations
Transfers
At 31 October 2025 217,784 217,784
Depreciation
At 1 November 2024 82,121 82,121
Charge for year 68,863 68,863
On disposals 0 0
Other adjustments 0 0
At 31 October 2025 150,984 150,984
Net book value
At 31 October 2025 66,800 66,800
At 31 October 2024 134,023 134,023

SAW & STAGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

4. Stocks

2025 2024
£ £
Stocks 5,494 15,040
Total 5,494 15,040

SAW & STAGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

5. Debtors

2025 2024
£ £
Trade debtors 2,141 12,422
Other debtors 25,014 31,880
Total 27,155 44,302

SAW & STAGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

6. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 63,847 65,197
Taxation and social security 234 6,098
Other creditors 35,538 34,381
Total 99,619 105,676

SAW & STAGE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

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

2025 2024
£ £
Other creditors 35,798 71,868
Total 35,798 71,868

COMMUNITY INTEREST ANNUAL REPORT

SAW & STAGE C.I.C.

Company Number: 12953137 (England and Wales)

Year Ending: 31 October 2025

Company activities and impact

Saw & Stage CIC runs The Cornish Bank, a venue for live music and performing arts in Falmouth. In our financial year 2024-25 the company has been of benefit to the community in the following ways. -Continuing to bring a diverse array of acts to a remote and previously under-served part o the UK. This includes touring artists from all over the world. We believe this allows for a cultural exchange that would not happen otherwise and that this is of great value to local residents who are our primary stakeholders. -Saw and Stage CIC and The Cornish Bank also promote the development of local artistic talent. In the year in question we began a new night for new and emerging bands and performers providing an opportunity for young people to grow and showcase their talents as well as meet and develop new projects. - The Cornish Bank is a community venue and as such offers free use of the venue for community run events. These are predominantly live music events but also talks and film screenings. We have also worked with several other CIC’s including hosting a fundraiser event for Falmouth food coop and hosting film screenings from 99p Films CIC. -The Cornish Bank continues to run a muti-venue music festival called Wanderfal which sees Saw & Stage CIC take on programming events across the town. This leads to cultural as well as financial benefit to participation venues. This year we partnered with a local Church (The Church of King Charles the Martyr) in Falmouth. As well as exposing thousands of people to this community space they wouldn't otherwise experience this also creates valuable revenue for another community institution. - In this year Saw & Stage collaborated with the Falmouth University and its events management course to offer work experience to some of its students including short apprenticeships. - After holding a successful crowdfunder to fund the creation of a new pub at The Cornish Bank we have been able to create new employment opportunities.

Consultation with stakeholders

- Our primary stakeholders are the people of Falmouth and the surrounding areas who use The Cornish Bank on a regular basis by attending events. Further stakeholders are the people who host events, particularly community event hosts and local event promoters. Finally there are the band and performers who use the venue. These can be local but also national and international acts. - After holding a successful crowd funding campaign in the previous financial year we created a community WhatsApp group to allow for direct communication between the stakeholders and representatives of the CIC including company directors. This has been a fruitful source of feedback allowing for an ongoing consultative process. - External events promoters have a significant impact in the nature and direction of The Cornish Bank by co curating the program of events that happen at the venue. We encourage cultural diversity in our programming over commercial motives.

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
31 July 2026

And signed on behalf of the board by:
Name: Rufus Maurice
Status: Director