TOD STUDIOS C.I.C.

TOD STUDIOS C.I.C.

TOD STUDIOS C.I.C. - Company Information

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TOD STUDIOS C.I.C.

Company limited by guarantee

Company Registration Number:
12756358 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2022

Period of accounts

Start date: 1 August 2021

End date: 31 July 2022

TOD STUDIOS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 July 2022

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

TOD STUDIOS C.I.C.

Profit And Loss Account

for the Period Ended 31 July 2022

2022 2021


£
£
Turnover: 10,647 7,766
Cost of sales: ( 40 ) ( 433 )
Gross profit(or loss): 10,607 7,333
Administrative expenses: ( 13,489 ) ( 9,788 )
Operating profit(or loss): (2,882) (2,455)
Profit(or loss) before tax: (2,882) (2,455)
Profit(or loss) for the financial year: (2,882) (2,455)

TOD STUDIOS C.I.C.

Balance sheet

As at 31 July 2022

Notes 2022 2021


£
£
Current assets
Cash at bank and in hand: 3,142 6,029
Total current assets: 3,142 6,029
Creditors: amounts falling due within one year: 3 ( 8,479 ) ( 8,484 )
Net current assets (liabilities): (5,337) (2,455)
Total assets less current liabilities: (5,337) ( 2,455)
Total net assets (liabilities): (5,337) (2,455)
Members' funds
Profit and loss account: (5,337) ( 2,455)
Total members' funds: ( 5,337) (2,455)

The notes form part of these financial statements

TOD STUDIOS C.I.C.

Balance sheet statements

For the year ending 31 July 2022 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 27 April 2023
and signed on behalf of the board by:

Name: Joseph Whittaker
Status: Director

The notes form part of these financial statements

TOD STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2022

  • 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

TOD STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 1 1

TOD STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 July 2022

3. Creditors: amounts falling due within one year note

2022 2021
£ £
Other creditors 8,479 8,484
Total 8,479 8,484

COMMUNITY INTEREST ANNUAL REPORT

TOD STUDIOS C.I.C.

Company Number: 12756358 (England and Wales)

Year Ending: 31 July 2022

Company activities and impact

The company’s activities have benefitted locally based both professional andamateur visual artists in this year.It has been good to have got back to some kind of normality after the covid restrictions of the previous year.Artists are provided with ‘open plan’ space where they can work alongside other artists and discuss Provide ‘open plan’ affordable art space where artists can collaborate and discuss their artwork and related issues.The community will benefit by;-having access to open plan, affordable art spaces.-have access to other artists for inspiration, collaboration, support etc-have access to other artists for friendship, mental wellbeing etc-add to the rich and diverse cultural and artistic endeavours that preside within theCalder Valley, benefitting the wider community in terms of tourism generated by gallery showings, open studios etc.-have a voice to input, offer ideas, collaborate with the studio’s operational activities and events-execute, inspire and engage in multiple visual art practices-create art shows, open studio events, gallery openings etc-provide member led art workshops

Consultation with stakeholders

All our stakeholders are members of our art studios, including the directors.We work together in an open plan environment.All decisions and actions are made as a group from 'face to face' consultation, feedback from other people and more formal meetings open to group members.We also have a private WhatsApp group, (members only) so any stakeholder cancommunicate with all other stakeholders at anytime.

Directors' remuneration

Joseph Whittaker Receives £49 per week for managing the Studio.This equates to an annual salary of £2,550.00

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 April 2023

And signed on behalf of the board by:
Name: Joseph Whittaker
Status: Director