Igloo Artists Limited - Filleted accounts

Registered number

06014730

Igloo Artists Limited

Filleted Accounts

30 November 2022

Igloo Artists Limited
Registered number:		06014730
Balance Sheet
as at 30 November 2022

Notes			2022			2021
£				£
Current assets
Cash at bank and in hand		7,055			7,405

Creditors: amounts falling due within one year	4	(1,443)			(1,150)

Net current assets			5,612			7,479

Total net (liabilities)/assets			5,612			7,479

The funds of the charity
accumulated funds	5		5,612			7,479

Total charity funds			5,612			7,479

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Colm Lally
Director
Approved by the board on 18 August 2023

Igloo Artists Limited
Notes to the Accounts
for the year ended 30 November 2022

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. The accounts have been drawn up in accordance with the provisions of the Charities Acts and the Companies Acts, and include the results of the charity’s operations which are described in the Trustees’ Report, all of which are continuing.

	Incoming resources
	Grants and donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Deferred income represents amounts received for future periods and is released to incoming sources in the period for which it has been received. Such income is only deferred when the donor specifies that the donation must only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Investment income is recognised on a receivable basis.

	Resources expended
	Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

	Cash flow statement
	The charity has taken advantage of the exemption applicable to small companies and not produced a cash flow statement.

	Taxation
	As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

1	Trustees remuneration and expenses

	No remuneration or benefits were paid to trustees or persons connected with them during the year.

				2022		2021
	Average number of employees			1		1

2	Income	Unrestricted funds		Total funds
		2022		2022		2021
£			£		£

	Other operating income	-		-		-
	Artist fees	10,000		10,000		26,574
		10,000		10,000		26,574



3	Expenditure	2022		2022		2021
£			£		£
a	Costs of charitable activities

	Artists fees	-		-		2,700
	Production costs	2,331		2,331		976
	Directors' salaries	-		-		-
	Travel	960		960		127
	Other costs	2,235		2,235		1,528

		5,526		5,526		5,331

b	Governance costs
	Bank charges	141		141		70
	Rent and water rates	5,000		5,000		12,500
	Examination and accountancy	540		540		540

		5,681		5,681		13,110


4	Creditors: amounts falling due within one year			2022		2021
£					£

	Accruals			1,443		586
				1,443		586

5	Analysis of the Net movement in funds			2022
£

	At 1 December 2021			6,819
	Net movement in funds from Statement of Financial Activities			(1,207)

	At 30 November 2022			5,612


4	Related party transactions

	There were no related party transactions during the year.