FILAMENT PROJECTS CIC
FILAMENT PROJECTS CIC
FILAMENT PROJECTS CIC
Company limited by guarantee
Company Registration Number:
11004101 (England and Wales)
Unaudited statutory accounts for the year ended 31 October 2022
Period of accounts
Start date: 1 November 2021
End date: 31 October 2022
FILAMENT PROJECTS CIC
Contents of the Financial Statements
for the Period Ended 31 October 2022
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
FILAMENT PROJECTS CIC
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 October 2022
Additional information
Statement of directors' responsibilitiesThe directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:- select suitable accounting policies and then apply them consistently;- make judgements and estimates that are reasonable and prudent;- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors shown below have held office during the whole of the period from
1 November 2021 to 31 October 2022
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
And signed on behalf of the board by:
Name:
Status: Director
FILAMENT PROJECTS CIC
Profit And Loss Account
for the Period Ended
| 2022 | 2021 | |
|---|---|---|
| | £ | £ |
| Turnover: | | |
| Cost of sales: | ( | ( |
| Gross profit(or loss): | | |
| Administrative expenses: | ( | ( |
| Operating profit(or loss): | | |
| Profit(or loss) before tax: | | |
| Tax: | | |
| Profit(or loss) for the financial year: | | |
FILAMENT PROJECTS CIC
Balance sheet
As at
| Notes | 2022 | 2021 | |
|---|---|---|---|
| | £ | £ | |
| Current assets | |||
| Debtors: | 3 | | |
| Cash at bank and in hand: | | | |
| Total current assets: | | | |
| Creditors: amounts falling due within one year: | 4 | ( | ( |
| Net current assets (liabilities): | | | |
| Total assets less current liabilities: | | | |
| Total net assets (liabilities): | | | |
| Members' funds | |||
| Profit and loss account: | | | |
| Total members' funds: | | |
The notes form part of these financial statements
FILAMENT PROJECTS CIC
Balance sheet statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
FILAMENT PROJECTS CIC
Notes to the Financial Statements
for the Period Ended 31 October 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 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. Other accounting policies
Basis of preparationThe accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.Presentation currencyThe accounts are presented in £ sterling.
FILAMENT PROJECTS CIC
Notes to the Financial Statements
for the Period Ended 31 October 2022
-
2. Employees
2022 2021 Average number of employees during the period 2 0
FILAMENT PROJECTS CIC
Notes to the Financial Statements
for the Period Ended 31 October 2022
3. Debtors
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income | | |
| Other debtors | | |
| Total | |
FILAMENT PROJECTS CIC
Notes to the Financial Statements
for the Period Ended 31 October 2022
4. Creditors: amounts falling due within one year note
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | | |
| Other creditors | | |
| Total | | |
COMMUNITY INTEREST ANNUAL REPORT
FILAMENT PROJECTS CIC
Company Number: 11004101 (England and Wales)
Year Ending: 31 October 2022
Company activities and impact
The Forgotten News DeskFilament Projects CIC focus this year was the development and delivery of immersive theatre project, The Forgotten News Desk (FND).The FND included delivery of over 100 live immersive performances across three schools, differentiating for different key stages and for children with special educational needs and disabilities, and included special performances for parents and carers. Children engaged in artist-led workshops and inspired by their experiences, produced newspapers filled with their stories, which were then professionally formatted and printed for them.“The Forgotten News Desk captivated the imagination of ALL the children. The writing they have produced is amazing.” Lisa Hesmondhalgh, Principle, Peover Superior Primary School.Each child received their own copy of the newspaper to take home and share with family members. Copies were also distributed to local libraries and community spaces.“I am not a big writer, but it felt really good to write (the newspaper). And then to see it in different places around Chester and Blacon, it is pretty cool.” Year 4 pupil, Dee Point Primary School.Audio versions of the newspapers, voiced by the children, were also shared on the Filament website alongside digital versions, thus increasing the reach and accessibility of the project.In addition, four free live performances and creative workshops were delivered for families in Cheshire East Libraries.The company’s activities have benefitted the community by providing high quality, accessible creative activities, particularly focused on areas of socio-economic or rural deprivation. Through taking part in the Forgotten News Desk children’s literacy and oracy was enhanced. The project also raised aspirations, with children seeing their own work professionally presented and shared within their local communities. The activities helped bring schools together again following the COVID-19 pandemic. For one school the assembly where the final newspaper was presented was the first full school assembly in over a year.
Consultation with stakeholders
Our Stakeholders are our funders, audiences, board members and the creatives we work with. Funders – Evaluation reports are submitted to funders detailing the resulting outcomes and learning of projects. These reports have not elicited an additional concerns or comments from funders. Audiences – Feedback was collected from audiences and workshop attendees, including young people and teachers, to assess their experiences of the activities. Feedback was extremely positive, for all projects. Board Members –The board are updated via regular email updates and board meetings. The board have been very supportive of the work carried out, and the future plans. Creatives –Throughout projects an ongoing dialogue is maintained with creatives to ensure projects run smoothly. At the end of projects final feedback is obtained via email and direct conversations.
Directors' remuneration
The amount of emoluments paid to or receivable by directors in respect of qualifying services was £12572.55 fees during this financial year. 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
24 July 2023
And signed on behalf of the board by:
Name: Helen Slevin
Status: Director