UBUNTU MULTICULTURAL CENTRE CIC

Company limited by guarantee

Company Registration Number:
12478459 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

UBUNTU MULTICULTURAL CENTRE CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

UBUNTU MULTICULTURAL CENTRE CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 960 404
Total fixed assets: 960 404
Current assets
Debtors: 4 1,922 120
Cash at bank and in hand: 77,306 37,549
Total current assets: 79,228 37,669
Creditors: amounts falling due within one year: 5 ( 2,479 ) ( 3,078 )
Net current assets (liabilities): 76,749 34,591
Total assets less current liabilities: 77,709 34,995
Total net assets (liabilities): 77,709 34,995
Members' funds
Profit and loss account: 77,709 34,995
Total members' funds: 77,709 34,995

The notes form part of these financial statements

UBUNTU MULTICULTURAL CENTRE CIC

Balance sheet statements

For the year ending 29 February 2024 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: John Kabuye
Status: Director

The notes form part of these financial statements

UBUNTU MULTICULTURAL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 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

    All income is recognised once the organisation has entitlement to that income, there is sufficient certainty of receipt and it is probable that the income will be received, and the amount of income can be measured reliably.

UBUNTU MULTICULTURAL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

UBUNTU MULTICULTURAL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 465 465
Additions 725 725
Disposals
Revaluations
Transfers
At 29 February 2024 1,190 1,190
Depreciation
At 1 March 2023 61 61
Charge for year 169 169
On disposals
Other adjustments
At 29 February 2024 230 230
Net book value
At 29 February 2024 960 960
At 28 February 2023 404 404

UBUNTU MULTICULTURAL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,922 120
Total 1,922 120

UBUNTU MULTICULTURAL CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,377 2,145
Other creditors 1,102 933
Total 2,479 3,078

COMMUNITY INTEREST ANNUAL REPORT

UBUNTU MULTICULTURAL CENTRE CIC

Company Number: 12478459 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The company runs a multicultural centre on Clifton Street where many different groups of people in the community come together to carry out different activities such as arts and crafts, sports, and training sessions. The centre also run an Eco shop at the Centre for three days a week. The Eco shop has been a lifeline to our service users who are experiencing food poverty at the time when the cost of living is going up. Our Eco shop has also been tailored culturally to help our communities connect with their culture in terms of food items and the approach. The focus of this year has been providing food to the community through an Eco shop and providing holiday activities programme to the kids, to keep them busy, fed and engaged. On other occasions we have also achieved our aims by Providing advice, information, and support Signposting to supporting statutory and no statutory organisations Helping BAME groups and organisations to create networks and form partnerships. Running an eco-shop where 10 items cost less. Organising themed coffee mornings Running three times a week Maths homework clubs for the school kids Running volleyball sessions once a week Running Music Sessions once a week Offering training sessions to communities and organisation

Consultation with stakeholders

The company’s stakeholders are the community we serve (residents and visitors) to the centre and most importantly BAME communities and local organisations and businesses in the surrounding area. The directors of the company have lived experience and the majority have lived in the area for several years and developed the local knowledge. We always ask the service users for their input during their visit, the training, and sessions which we hold, and we use this feedback when we are looking at our future strategies and deciding on the types of services and training which will be appropriate. Our research has enabled us to identify that there are more families and individuals who are looking for a space where they can come and have a peaceful conversation with a person the relate to and trust, a space that is neutral and non-judgmental. We have run an impact report survey with civil society where we got to know where we are doing well and where to improve. We encourage all our staff working in the centre to pick up ideas for the centre when talking to service users and we keep a “suggestions box” for service users to provide details of new service which they would like to see introduced at the centre.

Directors' remuneration

The aggregate amount of salaries paid to or receivable by directors in respect of qualifying services was £9096.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
25 November 2024

And signed on behalf of the board by:
Name: John Kabuye
Status: Director