OKRA STUDIO CIC

OKRA STUDIO CIC

Company limited by guarantee

Company Registration Number:
11307996 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2021

Period of accounts

Start date: 1 May 2020

End date: 30 April 2021

OKRA STUDIO CIC

Contents of the Financial Statements

for the Period Ended 30 April 2021

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

OKRA STUDIO CIC

Profit And Loss Account

for the Period Ended 30 April 2021

2021 2020


£

£
Turnover: 29,450 10,533
Cost of sales: ( 8,612 ) ( 416 )
Gross profit(or loss): 20,838 10,117
Administrative expenses: ( 14,458 ) ( 8,592 )
Operating profit(or loss): 6,380 1,525
Profit(or loss) before tax: 6,380 1,525
Tax: ( 1,160 ) ( 295 )
Profit(or loss) for the financial year: 5,220 1,230

OKRA STUDIO CIC

Balance sheet

As at 30 April 2021

Notes 2021 2020


£

£
Fixed assets
Tangible assets: 3 546 820
Total fixed assets: 546 820
Current assets
Debtors: 4 1,000
Cash at bank and in hand: 10,995 3,446
Total current assets: 11,995 3,446
Creditors: amounts falling due within one year: 5 ( 4,127 ) ( 3,310 )
Net current assets (liabilities): 7,868 136
Total assets less current liabilities: 8,414 956
Creditors: amounts falling due after more than one year: 6 ( 2,239 )
Total net assets (liabilities): 6,175 956
Members' funds
Profit and loss account: 6,175 956
Total members' funds: 6,175 956

The notes form part of these financial statements

OKRA STUDIO CIC

Balance sheet statements

For the year ending 30 April 2021 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 January 2022
and signed on behalf of the board by:

Name: Aidan Hall
Status: Director

The notes form part of these financial statements

OKRA STUDIO CIC

Notes to the Financial Statements

for the Period Ended 30 April 2021

  • 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

OKRA STUDIO CIC

Notes to the Financial Statements

for the Period Ended 30 April 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 3 3

OKRA STUDIO CIC

Notes to the Financial Statements

for the Period Ended 30 April 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2020 265 1,102 1,367
Additions
Disposals
Revaluations
Transfers
At 30 April 2021 265 1,102 1,367
Depreciation
At 1 May 2020 106 441 547
Charge for year 53 221 274
On disposals
Other adjustments
At 30 April 2021 159 662 821
Net book value
At 30 April 2021 106 440 546
At 30 April 2020 159 661 820

OKRA STUDIO CIC

Notes to the Financial Statements

for the Period Ended 30 April 2021

4. Debtors

2021 2020
£ £
Other debtors 1,000
Total 1,000

OKRA STUDIO CIC

Notes to the Financial Statements

for the Period Ended 30 April 2021

5. Creditors: amounts falling due within one year note

2021 2020
£ £
Taxation and social security 1,109 295
Accruals and deferred income 1,651 1,648
Other creditors 1,367 1,367
Total 4,127 3,310

OKRA STUDIO CIC

Notes to the Financial Statements

for the Period Ended 30 April 2021

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

2021
£
Other creditors 2,239
Total 2,239

COMMUNITY INTEREST ANNUAL REPORT

OKRA STUDIO CIC

Company Number: 11307996 (England and Wales)

Year Ending: 30 April 2021

Company activities and impact

Okra has continued to carry out a variety of community-interested design, engagement and educational projects. At the Orchard Project in Hertfordshire, Okra worked with a wide variety of stakeholders including future occupier Sunnyside Rural Trust, a charity and social enterprise who offer training and work experience for vulnerable people, to develop the design for a low-carbon educational centre.Okra also began work on the Pollards Hill Space Project Feasibility Study to look at refurbishing a disused toilets building at the heart of the area into a community asset, driven by local ideas and funded by Merton Council and the Greater London Authority’s Good Growth Development Fund. Okra carried out a thorough engagement phase where Okra identified more than 20 local key stakeholders and held interviews with them and engaged with the public through a variety of creative engagement processes: including vinyl installations on site, a local letterbox for ideas, a website, a freephone number and a free local audio tour. In total, Okra engaged with more than 1000 residents and workers in the area.Okra also continued its work in education and public outreach, leading educational walking and cycling tours of the city for Open City and the Architecture Foundation. Okra also led lectures at universities including the Bartlett School of Architecture (UCL) and University of Central Lancashire (UCLAN); construction workshops at London Metropolitan University; support for trainee tour guides at Open City’s Golden Key Academy; a free public lecture for the Architecture Foundation’s 100 Day Studio programme and a free online educational workshop for young people during lockdown called Stories of Your City (also for Open City).

Consultation with stakeholders

Consultation is at the core of the work Okra undertakes and each project has an element of consultation which feeds into the wider work carried out. Okra have carried out specific local consultation projects at Pollards Hill in Merton and the Orchard Project in Hertfordshire through in-person and digital means and to the public via walking and cycling tours that connect the history of public housing to current critical debates introduced by local residents and opened to the groups.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £ 1 400.00. 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
30 January 2022

And signed on behalf of the board by:
Name: Aidan Hall
Status: Director