for the Period Ended 31 July 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 July 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
31 July 2023
to
31 July 2024
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
for the Period Ended
2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | ||
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial 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
for the Period Ended 31 July 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 July 2024
2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 July 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
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At 31 July 2024 |
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At 31 July 2024 |
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Net book value | ||||||
At 31 July 2024 |
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for the Period Ended 31 July 2024
2024 | ||
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Prepayments and accrued income |
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Total |
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for the Period Ended 31 July 2024
2024 | ||
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Trade creditors |
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Accruals and deferred income |
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Other creditors |
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Total |
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Over the past 12 months, Oroko Projects CIC has hosted a series of events, workshops and initiatives, both in the UK and further afield that have had a tangible positive impact on our community. - Oroko Projects CIC runs an internet radio station, showcasing talent from marginalised communities from all around the world. We broadcast new radio shows every Tuesday - Friday between 12 - 11pm GMT. Our radio platform is now host to over 300 residents, all contributing regular radio broadcasts, providing training, guidance, a network and a platform to help develop their artistic careers. Residents have received press coverage from respected publications such as Resident Advisor, DJ Mag, Dazed, Mixmag, Mixcloud and more. All of this coverage has helped the progression of our communities careers, averaging around 15,000 unique listeners every month. - Over 50 of our residents have received offers to perform around the world, connected with community in different countries and received professional development as a result of their involvement with our internet radio - We have collaborated with 15 collectives and organisations from all around the world to host showcases, featuring members of our community. These events have provided our community not only with paid performance opportunities, but also opportunities to develop other skills, such as graphic design, event production, set design and more. - We have collaborated with a number of cultural institutions around the world, from the Biennale in Dakar, Vibrate Space in Accra, Global Music Movement in Dubai, African Artists Foundation in Cotonou and The Moleskine Foundation in Milan to provide paid development opportunities to our community, including DJ performances, production of soundscapes for exhibitions, speaker opportunities and more. - We collaborated with the London based organisation LAGO Collective, to create a documentary highlighting the implications of visa inequality on creatives in Ghana. A screening was held in London to amplify the issues faced. The documentary was produced entirely by our community - filming, editing and sound-tracking. Our community was financially compensated for their work, making this an additional paid development opportunity. - We hosted a resident meet up in London, prior to a collaborative event with Brazilian collective Batekoo, providing a safe space for marginalised communities to commune, and environment for cultural exchange, and once again, paid opportunities for artistic expression and skill development - Oroko Projects CIC was able to hire 4 part time roles (consultancy based) from within our community, providing mentorship opportunities, work experience, travel opportunities and learning opportunities. All of these activities directly benefit our community by promoting and enriching the global cultural landscape and in particular, but not limited to, by providing a performance platform for African and Diasporic artists; encouraging and facilitating music innovation; broadening the accessibility of radio station and studio facilities; providing training and employment opportunities; and providing opportunities for people to connect, communicate and collaborate.
The company's stakeholders are residents of the radio station, the listenership of the radio station, our contracted consultants hired from within the community, and our wider community including but not limited to social media followers (over 20,000 across all platforms), funding bodies and foundations, cultural institutions, brand sponsors and other community radio stations around the world. Regular feedback forms are distributed to our radio residents (Google Form shared to our residents via email and Discord), and we host an open server on the platform Discord to promote an environment for community exchange. We also allow people to message us via our several social media platforms to enable us to get even more feedback. Any feedback is discussed amongst the core operational team as a part of our bi-weekly meetings, and any necessary improvements are added to our weekly tasks using online task management tool Notion (for full team visibility and to track progress). Changes are then communities. Some actions that have been taken based on feedback from our stakeholders include: - changing the names of radio shows to make them more inclusive towards the disabled community. - providing more development opportunities outside of DJing (e.g. mentorship opportunities, paid work experience). - Providing more opportunities for cross-border collaboration. - Changes to our workflow (e.g. introduction of tools such as Notion to help improve collaboration).
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
18 April 2025
And signed on behalf of the board by:
Name: Kikelomo Adejoke Anuoluwa Oludemi
Status: Director