COSMOPOLITAN ARTS CIC

Company limited by guarantee

Company Registration Number:
09272309 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2026

Period of accounts

Start date: 1 April 2025

End date: 31 March 2026

COSMOPOLITAN ARTS CIC

Contents of the Financial Statements

for the Period Ended 31 March 2026

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

COSMOPOLITAN ARTS CIC

Directors' report period ended 31 March 2026

The directors present their report with the financial statements of the company for the period ended 31 March 2026

Principal activities of the company

The principal activity of the company during the year under review was performing arts.



Directors

The directors shown below have held office during the whole of the period from
1 April 2025 to 31 March 2026

Ms Amanda Leandro
Mr Tony Booth
Ms Lesley Cutts


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
11 September 2026

And signed on behalf of the board by:
Name: Ms Amanda Leandro
Status: Director

COSMOPOLITAN ARTS CIC

Profit And Loss Account

for the Period Ended 31 March 2026

2026 2025


£

£
Turnover: 384,088 374,398
Cost of sales: ( 142,326 ) ( 194,813 )
Gross profit(or loss): 241,762 179,585
Administrative expenses: ( 201,900 ) ( 193,179 )
Other operating income: 14,780 12,779
Operating profit(or loss): 54,642 (815)
Interest payable and similar charges: ( 785 ) ( 9 )
Profit(or loss) before tax: 53,857 (824)
Tax: ( 5,550 ) ( 373 )
Profit(or loss) for the financial year: 48,307 (1,197)

COSMOPOLITAN ARTS CIC

Balance sheet

As at 31 March 2026

Notes 2026 2025


£

£
Fixed assets
Tangible assets: 3 145,635 93,729
Total fixed assets: 145,635 93,729
Current assets
Debtors: 4 48,390 7,885
Cash at bank and in hand: 1,659 1,281
Total current assets: 50,049 9,166
Creditors: amounts falling due within one year: 5 ( 47,675 ) ( 52,380 )
Net current assets (liabilities): 2,374 (43,214)
Total assets less current liabilities: 148,009 50,515
Creditors: amounts falling due after more than one year: 6 ( 88,509 ) ( 44,936 )
Provision for liabilities: ( 9,359 ) ( 3,745 )
Total net assets (liabilities): 50,141 1,834
Members' funds
Profit and loss account: 50,141 1,834
Total members' funds: 50,141 1,834

The notes form part of these financial statements

COSMOPOLITAN ARTS CIC

Balance sheet statements

For the year ending 31 March 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.

This report was approved by the board of directors on 11 September 2026
and signed on behalf of the board by:

Name: Ms Amanda Leandro
Status: Director

The notes form part of these financial statements

COSMOPOLITAN ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover policy

    Turnover Policy Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the Company; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets Policy Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Leasehold land and buildings 20% Reducing balance Plant and machinery 25% reducing balance

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

COSMOPOLITAN ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

  • 2. Employees

    2026 2025
    Average number of employees during the period 3 3

COSMOPOLITAN ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2025 73,222 78,940 152,162
Additions 83,390 83,390
Disposals
Revaluations
Transfers
At 31 March 2026 73,222 162,330 235,552
Depreciation
At 1 April 2025 28,446 29,987 58,433
Charge for year 13,800 17,684 31,484
On disposals
Other adjustments
At 31 March 2026 42,246 47,671 89,917
Net book value
At 31 March 2026 30,976 114,659 145,635
At 31 March 2025 44,776 48,953 93,729

COSMOPOLITAN ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

4. Debtors

2026 2025
£ £
Other debtors 48,390 7,885
Total 48,390 7,885

COSMOPOLITAN ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

5. Creditors: amounts falling due within one year note

2026 2025
£ £
Trade creditors 7,132 20,681
Taxation and social security 2,771 1,550
Other creditors 37,772 30,149
Total 47,675 52,380

COSMOPOLITAN ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 March 2026

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

2026 2025
£ £
Other creditors 88,509 44,936
Total 88,509 44,936

COMMUNITY INTEREST ANNUAL REPORT

COSMOPOLITAN ARTS CIC

Company Number: 09272309 (England and Wales)

Year Ending: 31 March 2026

Company activities and impact

We have 3 years of funding working with young people at the African Caribbean Centre in one of the most deprived areas of Leicester, this was our first year running from June 2019 – 2020 June July 2020 – June 2021 June 22 – June 2023 .- Children in Need We ran free school holiday camp in Highfields the most culturally diverse areas in Leicester with high levels of deprivation. Working with young people aged 8-16, to create artefacts to be displayed at the regional New Year celebrations, and a cultural community sharing event in Highfields. The participants created a large-scale artwork displayed across the city streets and also performed a shadow puppet performance. This project taught the participants about different cultures and many creative transferable skills. Their work being displayed in the city centre and viewed by 1000’s of people gave them a sense of pride encouraging empowerment, as they had devised all the work displayed/performed. We did a range of cultural arts activities with the children throughout the school holiday periods throughout the year, - Black History Month in October, Christmas Party in December which the High Sheriff and Lord Mayor of Leicester did a gift appeal for the children and attended. We also did Chinese New Year celebrations. Our work helps create better cultural understanding and breakdown racial barriers in a area where racial tensions run high. This 3 year project funded by Children in Need that started on 26 June 2019 and will run every school holiday until ran July 2022, extended for another year due to COVID and delivering a free high quality arts camp. We had guest inspirational role models from a variety of cultural backgrounds to talk about their life journey and run engaging workshops. Including the first Black Lord Mayor and Asian female High Sheriff We identified through working with the Chinese community that they lost their community centre in 2013 and not had a public Chinese New Year celebration for over 5 years. We have done annual Chinese New Year celebrations with the Chinese communities in the city and county. We did the first ever research into Chinese migration and heritage in Leicester - 2018 and we did the first ever regional research into Chinese migration and heritage in the East Midlands 2022-23 delivering our outcomes as part of the Chinese New Year celebrations in Leicester, Nottingham and Derby. We received funding from Heritage Lottery Fund for the research and touring delivery aspect and funding from the Arts Council of England for the Chinese New Year Celebrations we did in each city. We created a documentary in which we interviewed Chinese people who migrated to Nottingham, Derby or Leicester, in the 1950’s, 60’s. 70’s, 80’s 90’s, 20’s and 10’s – this became a film which was streamed online and also present on the website we created that housed all our research, this was also translated into simplified Chinese so Mandarin and Cantonese speaking people could read it. We looked at Chinese history to see why people migrated to the UK in different decades. We researched local history in each city to see how the communities evolved and made their life here. We used this material to create an immersive digital interactive exhibition, creating a room filled with video wall, that allowed the audience to select the film they wanted to watch just by waving their arms Infront of the screen, as the film was playing, they could reveal old photographs displayed on a screen through moving their arms and body – like a scratch card. We had free Chinese arts make and take workshops run by Chinese artists so that people could meet and talk to Chinese people. This exhibition toured each city and was housed within empty shops in shopping centres – Derbion – Derby, Haymarket Leicester and Victoria Centre – Nottingham. We also did a procession through each city centre – Nottingham, Derby and Leicester, and also did a large-scale combined arts performance in the main square in each city with pyrotechnics, fire dance, lion and dragon dance, music, lasers and lights. All activities and performances ran smoothly, had 1000’s of people attend and were a huge success. Covered by regional TV news, local newspapers, regional and local radio stations and social media. 20th January – 22nd January 2023 Leicester with an extra event at Leicester Museum and Arts Gallery delivering a full programme of events on Saturday 21st January with a full programme of traditional performances of live music, dance, acrobatics and a range of arts workshops. This was a huge success and was the busiest day in the museum all year. 27th - 29th January Nottingham and 3rd – 5th February Derby 2023 We received funding to deliver free music lessons to young people in Highfields from Youth Music, this funding came to an end, so got support from Leicester City Council Music Hub, Jazzhouse Leicester, Mighty Creatives and NYJO we offered keyboard, saxophone, bass, trumpet, guitar, drums, guitar and singing lessons and provided free musical instruments for them to learn on, we did this at the African Caribbean Centre Leicester. We created music videos of their performances which were part of the Cosmopolitan Arts Festival. The Music Hub asked the young people to perform at their annual De Montfort Hall show, young musicians had workshops with NYJO and Jazz at the Lincoln Centre. They performed at the For The Love of Jazz Festival and the Queens Jubilee which was televised and broadcast – We finished this project in December 2022

Consultation with stakeholders

All the work that we produce is subject to consultation with all communities involved, we undergo various methodologies of research which in both quantitative and qualitative and form steering groups to make sure that we deliver high quality projects that are both relevant and needed. We also undertake a continuous process of evaluation during project delivery, to check that we are delivering a high quality experience to all involved. At the end of a project we will undertake an in-depth evaluation of the whole project. Techniques that we deploy to facilitate this process: Meet with community members and organisations to consult with them regarding our project ideas, so that they can be tailored to fit their specific needs. Form a steering group made up of all the different cultural groups that we wish to engage with, as this helps us understand specific needs and aspirations of cultural groups and deliver work that is relevant to achieve greater outcomes. When working on projects we create robust well rounded pieces of research before we create our ideas, we create community action plans when necessary and always consult all relevant parties. Surveys issued both before and during project activity, so that we can ascertain individuals needs and opinions to help us formulate relevant and robust plans for the projects that we deliver. When working with children we play games to obtain their views for evaluation and research, as this is a softer way to obtain honest views and opinions. We deploy a range of techniques to evaluate projects that helps us gain a true picture of the project as a whole and the work produced, which helps us strengthen future project work that we undertake. When evaluating the end of a project we invite all involved to give feedback this also includes sessional staff and volunteers as we believe their view is also important as it give a full picture of the whole project.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £45,000. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
11 September 2026

And signed on behalf of the board by:
Name: Amanda Leandro
Status: Director