UKSWA CIC

Company limited by guarantee

Company Registration Number:
10706459 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

UKSWA CIC

Contents of the Financial Statements

for the Period Ended 30 April 2023

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

UKSWA CIC

Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 4,931 4,807
Cost of sales: ( 60 ) ( 10 )
Gross profit(or loss): 4,871 4,797
Administrative expenses: ( 17,261 ) ( 11,894 )
Other operating income: 4,670
Operating profit(or loss): (7,720) (7,097)
Interest payable and similar charges: ( 168 )
Profit(or loss) before tax: (7,888) (7,097)
Profit(or loss) for the financial year: (7,888) (7,097)

UKSWA CIC

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 140
Cash at bank and in hand: 41 29
Total current assets: 181 29
Creditors: amounts falling due within one year: 4 ( 14,379 ) ( 5,354 )
Net current assets (liabilities): (14,198) (5,325)
Total assets less current liabilities: (14,198) ( 5,325)
Creditors: amounts falling due after more than one year: 5 ( 3,572 ) ( 4,557 )
Total net assets (liabilities): (17,770) (9,882)
Members' funds
Profit and loss account: (17,770) ( 9,882)
Total members' funds: ( 17,770) (9,882)

The notes form part of these financial statements

UKSWA CIC

Balance sheet statements

For the year ending 30 April 2023 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 8 March 2024
and signed on behalf of the board by:

Name: Hilda Chehore
Status: Director

The notes form part of these financial statements

UKSWA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 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, net of discounts. Turnover includes revenue earned from the sale of goods and the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Debtors - Short-term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

UKSWA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 2

UKSWA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Debtors

2023 2022
£ £
Trade debtors 140
Total 140

UKSWA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 299 194
Other creditors 14,080 5,160
Total 14,379 5,354

UKSWA CIC

Notes to the Financial Statements

for the Period Ended 30 April 2023

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

2023 2022
£ £
Bank loans and overdrafts 3,572 4,557
Total 3,572 4,557

COMMUNITY INTEREST ANNUAL REPORT

UKSWA CIC

Company Number: 10706459 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

UKSWA CIC is a non-profit organisation that supports social workers and student social workers from ethnic minorities and local communities. The organisation started in April 2017 as UKSWA and we changed our name to ZUKSWA/UKSWA CIC in August 2018 and UKSWA CIC, respectively. This was due to success, public demand, and the need to be more inclusive. During the financial year 2022 -2023, the organisation activities have benefited the community and organisation members in the following ways:- we have a membership of over 200 social workers and student social workers from ethnic minority communities.- We have provided network meetings every 3 months to our members. Members have benefited from having one-to-one supportOur members have benefited from discounted training and conferences- we have provided mock interviews to over 20 people, and most have successfully been employed.- We held community days for local communities to raise awareness on social issues,- We started a new project called Infusion, which aims to support families to integrate and learn English culture.- we have benefited from working with other organisations like NHS to raise awareness on social issues.- We have an active telegram group and our members benefit from sharing professional ideas and discussions.

Consultation with stakeholders

The company’s stakeholders are members of the group. The director is a social worker and she is supported by a management team that consists of social workers with a vast number of experiences. UKSWA CIC has developed the business model for the organisation and support through working with other organisation shops based on their experience of talking to other residents.We ask every member for their views in meetings and get feedback after every training. Members are allowed to express their views at any time and they can do this confidentially. This has helped us to build up a profile and good relationship with our members.

Directors' remuneration

Although the director is entitled to remuneration, she decided to sacrifice her compensation to support the entity's activities and there were no payments made this tax period of 2022-2023 to date. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for the director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration has been made

This report was approved by the board of directors on
8 March 2024

And signed on behalf of the board by:
Name: Hilda Chehore
Status: Director