UJIMA RADIO CIC

Company limited by guarantee

Company Registration Number:
07318855 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

UJIMA RADIO CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

UJIMA RADIO CIC

Directors' report period ended 31 July 2024

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

Principal activities of the company

Ujima Radio CIC is a community radio station in Bristol focused on African and Caribbean culture. Its main activities include broadcasting music, news, and community content, providing media training, and offering opportunities for local engagement and cultural expression.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Jendayi Akosua Serwah
Marcus Brown
Wilmark Eduimo Thompson


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 April 2025

And signed on behalf of the board by:
Name: Jendayi Akosua Serwah
Status: Director

UJIMA RADIO CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 134,583 167,357
Cost of sales: ( 22,009 ) ( 67,771 )
Gross profit(or loss): 112,574 99,586
Administrative expenses: ( 112,926 ) ( 116,086 )
Operating profit(or loss): (352) (16,500)
Interest receivable and similar income: 1,453 714
Profit(or loss) before tax: 1,101 (15,786)
Tax: ( 262 )
Profit(or loss) for the financial year: 839 (15,786)

UJIMA RADIO CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 734 1,010
Total fixed assets: 734 1,010
Current assets
Debtors: 4 1,682 3,355
Cash at bank and in hand: 123,145 105,824
Total current assets: 124,827 109,179
Creditors: amounts falling due within one year: 5 ( 77,403 ) ( 62,869 )
Net current assets (liabilities): 47,424 46,310
Total assets less current liabilities: 48,158 47,320
Total net assets (liabilities): 48,158 47,320
Members' funds
Profit and loss account: 48,158 47,320
Total members' funds: 48,158 47,320

The notes form part of these financial statements

UJIMA RADIO CIC

Balance sheet statements

For the year ending 31 July 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 April 2025
and signed on behalf of the board by:

Name: Jendayi Akosua Serwah
Status: Director

The notes form part of these financial statements

UJIMA RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

    Income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Income includes revenue earned from the rendering of services. Income 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. Income is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Studio Equipment 20% on Straight Line Method Computer 20% on Straight Line Method

    Other accounting policies

    1. Basis of Preparation of Financial Statements: The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2. Going Concern Disclosure: The Directors are satisfied that it remains a reasonable assumption that the Company should have sufficient resources to meet its liabilities as they fall due and would therefore be able to continue to operate as a going concern. 3. Grant: Grants are recognized in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned. All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with. Grant received during this financial year include: BIF grant, Black and Green grant and NHSBT Grant. 4. Taxation Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable (deficit)/surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

UJIMA RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

UJIMA RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 10,120 10,120
Additions
Disposals
Revaluations
Transfers
At 31 July 2024 10,120 10,120
Depreciation
At 1 August 2023 9,110 9,110
Charge for year 276 276
On disposals
Other adjustments
At 31 July 2024 9,386 9,386
Net book value
At 31 July 2024 734 734
At 31 July 2023 1,010 1,010

UJIMA RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,370 2,275
Prepayments and accrued income 311 1,080
Other debtors 1
Total 1,682 3,355

UJIMA RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 17,787 20,696
Taxation and social security 262
Accruals and deferred income 59,254 41,630
Other creditors 100 543
Total 77,403 62,869

COMMUNITY INTEREST ANNUAL REPORT

UJIMA RADIO CIC

Company Number: 07318855 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Summary of how Ujima Radio CIC benefited the community in 2023/2024: 1. Promoted Racial Equality: Hosted events like Racial Equality Week with key community leaders. 2. Supported Cultural Heritage: Backed the return of St Pauls Carnival and celebrated Windrush 75. 3. Engaged the Community: Held end-of-year celebrations honoring 150+ volunteers and local talent. 4. Advanced Environmental Justice: Relaunched the Black & Green Ambassadors programme. 5. Developed Local Talent: Provided training and media opportunities to over 150 volunteers annually. 6. Received Multiple Awards: Recognized as Best Radio Station and won other community accolades.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Jendayi Akosua Serwah
Status: Director