JAM NICE CIC

Company limited by guarantee

Company Registration Number:
14732065 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 15 March 2023

End date: 31 March 2024

JAM NICE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

JAM NICE CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company during the period under review was event programming and promotion.



Directors

The directors shown below have held office during the period of
15 March 2024 to 31 March 2024

H. Abido
J. Williams


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
24 March 2025

And signed on behalf of the board by:
Name: H. Abido
Status: Director

JAM NICE CIC

Profit And Loss Account

for the Period Ended 31 March 2024

13 months to 31 March 2024


£
Turnover: 151,056
Cost of sales: ( 138,420 )
Gross profit(or loss): 12,636
Distribution costs: ( 6,527 )
Administrative expenses: ( 7,665 )
Other operating income: 2,362
Operating profit(or loss): 806
Profit(or loss) before tax: 806
Tax: ( 155 )
Profit(or loss) for the financial year: 651

JAM NICE CIC

Balance sheet

As at 31 March 2024

Notes 13 months to 31 March 2024


£
Current assets
Debtors: 3 4,995
Cash at bank and in hand: 14,313
Total current assets: 19,308
Creditors: amounts falling due within one year: 4 ( 18,657 )
Net current assets (liabilities): 651
Total assets less current liabilities: 651
Total net assets (liabilities): 651
Members' funds
Profit and loss account: 651
Total members' funds: 651

The notes form part of these financial statements

JAM NICE CIC

Balance sheet statements

For the year ending 31 March 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.

This report was approved by the board of directors on 24 March 2025
and signed on behalf of the board by:

Name: H. Abido
Status: Director

The notes form part of these financial statements

JAM NICE CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: - the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; - the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the economic benefits associated with the transaction will flow to the Company; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

JAM NICE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    13 months to 31 March 2024
    Average number of employees during the period 2

JAM NICE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

13 months to 31 March 2024
£
Prepayments and accrued income 4,995
Total 4,995

JAM NICE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

13 months to 31 March 2024
£
Taxation and social security 155
Accruals and deferred income 17,002
Other creditors 1,500
Total 18,657

COMMUNITY INTEREST ANNUAL REPORT

JAM NICE CIC

Company Number: 14732065 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company has been founded to benefit live music/art audiences and performers with a strong emphasis on Bristol residents and the surrounding area. Our activities are primarily the programming of diverse live music in Bristol UK at a variety of venues. We also organise training courses, workshops, and have partnered with large arts organisation to platform musicians from marginalised backgrounds and address injustices within the music industry. By offering out community tickets and the lowest possible ticket prices we have managed to engage audiences from diverse backgrounds and reconnect people with the music of their homeland in Bristol. We have begun the formation of a cultural bridge between the UK & Ghana, launching our Ghana Music Special project, that engaged some UK based Ghanainan musicians and supported them in returning to Ghana to collaborate, write and record music to be released in the UK. We worked alongside Diverse Artist Network to program a 1500 capacity festival supporting 4 independent venues in Bristol and featuring artists from almost every continent.

Consultation with stakeholders

Stakeholders include: - Musicians, with a focus on musicians of diverse heritage - Audience members, with a focus on Bristol and those of diverse heritage - Young people who want to work in the music industry - For our Ghana music special project, we included Ghanaian musicians from the start of the application. We met regularly with the stakeholders and built the project around their needs, being sure to be collaborative in every possible way. - Audience members with a focus on Bristol are often asked when they attend shows to give verbal feedback to team members. We are currently constructing an audience survey for 2025-2026. - Young people who want to work in the music industry: in 23/24 we applied for some funding to provide meaningful training opportunities to these people. One on one meetings with two young women who want to work in the music industry helped shape this bid & formed the basis of how the course would work. In 23/24 one of these trainees was given two training opportunities at one of the venues we work with to learn how to operate a lighting desk, their feedback from this experience formed part of our next bid which succeeded.

Directors' remuneration

Directors were paid an aggregate of £7,000 for the accounting period in respect of services provided to the company separate to their roles as directors.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 March 2025

And signed on behalf of the board by:
Name: H. Abido
Status: Director