THE DOWNSTAIRS PROJECT C.I.C.

Company limited by guarantee

Company Registration Number:
16250979 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2026

Period of accounts

Start date: 13 February 2025

End date: 28 February 2026

THE DOWNSTAIRS PROJECT C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2026

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE DOWNSTAIRS PROJECT C.I.C.

Directors' report period ended 28 February 2026

The directors present their report with the financial statements of the company for the period ended 28 February 2026

Principal activities of the company

After successfully bidding for the contract to manage open access resources on behalf of Keighley Town Council in its Civic Centre, the company has developed and managed: 1) A widely used and popular snack bar and food education resource offering restaurant quality food on a pay as you can/pay as you feel "honest contribution" basis providing an accessible and welcoming space for local people irrespective of age, race and social status. This has been of particular benefit to those who struggle to socialise, older people living in isolation and those with mental health issues et. A basic CCTV system installed in the food preparation area has enabled clients to watch and learn how food is being prepared. 2) A gallery promoting the creative abilities of local people and the work of community groups provides, together with free framing and professional reproduction services, an outlet for those who would not be able to mount or afford exhibitions of their own. It also serves as a platform for the promotion of the work of the company. 3) Open access creative workshops offering the free use of a broad range of materials and resources with qualified professional guidance and support normally only available within large institutions and commercial training companies has helped to liberate the creative skills and subsequently improved the confidence of those who would otherwise have not taken part in more formal activities (such as colleges and classes) offered elsewhere. The facility is also popular with other social care organisations in the town as it offers a range of opportunities and a unique style of working together not available anywhere else. We have a regular attendance of approximately 100 people per week and are engaged in additional partnership work with the Town Council to provide community development expertise in support of its wider aims and objectives. This includes the undertaking of commissioned activities including the provision of facilities and specialised qualified technical support for community events and live performance together with outdoor catering and photographic work. This has helped to generate, along with any snack bar takings, the modest additional finances that enable us to maintain an adequate level of material resource and offer our broad range of affordable and/or free resources to those who would not be able to afford them. As a Town Council approved service provider operating within the Civic Centre we pay no rent for office accommodation and utilities. We are therefore able to focus more of our funding on offering our beneficiaries a broader spectrum of activities and a higher level of service.



Directors

The directors shown below have held office during the whole of the period from
13 February 2025 to 28 February 2026

Jeffrey Bennett
Rana Begum
Anika Begum
Caroline Carr


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
7 August 2026

And signed on behalf of the board by:
Name: Jeffrey Bennett
Status: Director

THE DOWNSTAIRS PROJECT C.I.C.

Balance sheet

As at 28 February 2026

Notes 13 months to 28 February 2026


£
Current assets
Debtors: 3 1,460
Cash at bank and in hand: 2,540
Total current assets: 4,000
Creditors: amounts falling due within one year: 4 ( 1,241 )
Net current assets (liabilities): 2,759
Total assets less current liabilities: 2,759
Total net assets (liabilities): 2,759
Members' funds
Profit and loss account: 2,759
Total members' funds: 2,759

The notes form part of these financial statements

THE DOWNSTAIRS PROJECT C.I.C.

Balance sheet statements

For the year ending 28 February 2026 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 6 August 2026
and signed on behalf of the board by:

Name: Jeffrey Bennett
Status: Director

The notes form part of these financial statements

THE DOWNSTAIRS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2026

  • 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

THE DOWNSTAIRS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2026

  • 2. Employees

    13 months to 28 February 2026
    Average number of employees during the period 2

THE DOWNSTAIRS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2026

3. Debtors

13 months to 28 February 2026
£
Prepayments and accrued income 77
Other debtors 1,383
Total 1,460

THE DOWNSTAIRS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2026

4. Creditors: amounts falling due within one year note

13 months to 28 February 2026
£
Taxation and social security 647
Accruals and deferred income 594
Total 1,241

COMMUNITY INTEREST ANNUAL REPORT

THE DOWNSTAIRS PROJECT C.I.C.

Company Number: 16250979 (England and Wales)

Year Ending: 28 February 2026

Company activities and impact

After successfully bidding for the contract to manage open access community resources on behalf of Keighley Town Council in its Civic Centre, the company has developed and managed: 1) A widely used and popular snack bar and food education resource offering restaurant quality food on a pay as you can/ pay as you feel “honest contribution” basis providing an accessible and welcoming space for local people irrespective of age, race and social status. This has been of particular benefit to those who struggle to socialise, older people living in isolation and those with mental health issues etc. A basic CCTV system installed in the food preparation area has enabled clients to watch and learn how food is being prepared. 2) A gallery promoting the creative abilities of local people and the work of community groups provides, together with free framing and professional reproduction services, an outlet for those who would not be able to mount or afford exhibitions of their own. It also serves as a platform for the promotion of the work of the company. 3) Open access creative workshops offering the free use a broad range of materials and resources with qualified professional guidance and support normally only available within large institutions and commercial training companies has helped to liberate the creative skills and subsequently improved the confidence of those who would otherwise have not taken part in the more formal activities (such as colleges and classes) offered elsewhere. The facility is also popular with other social care organisations in the town as it offers a range of opportunities and a unique style of working together not available anywhere else. We have a regular attendance of approximately 100 people per week and are engaged in additional partnership work with the Town Council to provide community development expertise in support of it’s wider aims and objectives. This includes the undertaking of commissioned activities including the provision of facilities and specialised qualified technical support for community events and live performance together with outdoor catering and photographic work. This has helped to generate, along with any snack bar takings, the modest additional finances that enable us to maintain an adequate level of material resource and offer our broad range of affordable and/or free services to those who would not be able to afford them.

Consultation with stakeholders

Our stake holders are our beneficiaries, partners, associates, community leaders and those who visit and engage with us on a daily basis. Consultation with users and participants takes place on an ongoing weekly personal community engagement basis both “live” and via social media. Our core business is directly influenced and evaluated by those we seek to support. Our users are therefore an integral part of the company’s evolution.

Directors' remuneration

No remuneration in respect of director’s qualifying services was received. However it was unanimously agreed by the board that two of the company’s directors could be employed at a nominal rate as the providers of professional qualified services and resources within the mission of the company that, given the level of available finances, would have been impossible to provide via the engagement of external contractors or the engagement of freelance professionals. Details provided within the payroll section of the accounts are as follows. Directors' salaries £9435

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 August 2026

And signed on behalf of the board by:
Name: Jeffrey Bennett
Status: Director