BLACK WELSH MUSIC AWARDS CIC

Company limited by guarantee

Company Registration Number:
16195993 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2026

Period of accounts

Start date: 20 January 2025

End date: 31 January 2026

BLACK WELSH MUSIC AWARDS CIC

Contents of the Financial Statements

for the Period Ended 31 January 2026

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

BLACK WELSH MUSIC AWARDS CIC

Profit And Loss Account

for the Period Ended 31 January 2026

2026


£
Turnover: 78,058
Cost of sales: 0
Gross profit(or loss): 78,058
Distribution costs: ( 73,782 )
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 4,276
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 4,276
Tax: ( 812 )
Profit(or loss) for the financial year: 3,464

BLACK WELSH MUSIC AWARDS CIC

Balance sheet

As at 31 January 2026

Notes 2026


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 4,276
Investments:   0
Total current assets: 4,276
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 3 ( 2,512 )
Net current assets (liabilities): 1,764
Total assets less current liabilities: 1,764
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 1,764
Members' funds
Profit and loss account: 1,764
Total members' funds: 1,764

The notes form part of these financial statements

BLACK WELSH MUSIC AWARDS CIC

Balance sheet statements

For the year ending 31 January 2026 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 October 2026
and signed on behalf of the board by:

Name: Uzo Iwobi
Status: Director

The notes form part of these financial statements

BLACK WELSH MUSIC AWARDS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover Turnover is recognised when goods are delivered or services are provided.

    Other accounting policies

    Accounting Policies Taxation Corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Debtors Debtors are recognised at the settlement amount due. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments. Creditors Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event.

BLACK WELSH MUSIC AWARDS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 2. Employees

    2026
    Average number of employees during the period 5

BLACK WELSH MUSIC AWARDS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Creditors: amounts falling due within one year note

2026
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 1,700
Taxation and social security 812
Accruals and deferred income 0
Other creditors 0
Total 2,512

BLACK WELSH MUSIC AWARDS CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

4. Financial Commitments

Financial commitments, guarantees and contingencies The company had no financial commitments, guarantees or contingencies that are not included in the balance sheet.

COMMUNITY INTEREST ANNUAL REPORT

BLACK WELSH MUSIC AWARDS CIC

Company Number: 16195993 (England and Wales)

Year Ending: 31 January 2026

Company activities and impact

Celebrating, Elevating and Transforming Black Music in Wales The Black Welsh Music Awards (BWMA) represents a significant and historic development in the cul-tural life of Wales. Established to address the longstanding under-recognition of Black musical talent, BWMA has created a dedicated platform where Black artists, musicians, songwriters, producers and creative professionals can be seen, celebrated and valued as an integral part of Welsh culture. The im-portance of this work extends far beyond an awards ceremony. BWMA is helping to change the narra-tive around who is recognised as a Welsh artist and whose contribution is considered part of the na-tional cultural story. For too long, talented Black musicians in Wales have had to navigate an industry in which opportunities for recognition, visibility and progression have not always reflected the quality or diversity of the talent being produced. BWMA was established specifically to address this gap and to create a platform rooted in the lived experiences, creativity and aspirations of Black communities in Wales. The inaugural Black Welsh Music Awards, held at the Royal Welsh College of Music & Drama in October 2025, represented a landmark moment. It provided national recognition for artists working across Afrobeats, R&B, gospel, reggae, jazz, hip-hop, grime and Welsh-language music, demonstrating that Black music in Wales is neither a niche contribution nor a single genre, but a rich and diverse part of the country’s cultural identity. Crucially, BWMA creates visibility where visibility matters. Recognition can help artists build confi-dence, strengthen professional networks, attract audiences, gain media attention and position them-selves for future opportunities. The awards also give emerging artists something that is particularly important in the early stages of a career: the knowledge that their work has value and that there is a community and industry willing to champion it. BWMA is also helping to build bridges between gen-erations. By celebrating established artists alongside emerging talent, it creates a pathway through which experience, knowledge and opportunity can be shared. Its wider programme of activity, includ-ing industry meet-ups and performance opportunities, demonstrates an ambition to create sustaina-ble development rather than limiting its impact to one annual event. The inclusion of Welsh-language categories is particularly significant. It challenges the false choice between Black identity and Welsh identity and demonstrates that Black Welsh artists can occupy both spaces fully and authentically. Recognition of Welsh-language Black artists strengthens the understanding that Black people are not simply participants in Welsh culture. They are also creators and custodians of Welsh cultural expres-sion. This was reflected in the inaugural awards, where Welsh-language music received dedicated recognition.

Consultation with stakeholders

The Contribution and Impact of BWMA on Black Artists and the Cultural Landscape of Wales Executive Summary The Black Welsh Music Awards (BWMA) was established in response to a clear gap within Wales’ music and cultural landscape: the absence of a dedicated platform recognising the breadth, quality and con-tribution of Black musical talent in Wales. Founded to celebrate and elevate Black Welsh musical talent, BWMA has developed a platform that combines recognition, representation, community building, professional networking and cultural ad-vocacy. Its inaugural awards ceremony in October 2025 marked a significant milestone as Wales’ first dedicated awards celebrating music of Black origin. The initiative is significant because representation in the creative industries is not simply about being visible. It is about having equitable access to recognition, networks, opportunities, resources and plat-forms through which artists can develop sustainable careers. BWMA addresses this through five principal areas of impact: Recognition and visibility Professional and career development Community building and networking Cultural representation and Welsh identity Long-term change within the Welsh music industry Its significance has been reinforced by partnerships and recognition from organisations including Cre-ative Wales, the Musicians’ Union and the Welsh Parliament.

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
8 October 2026

And signed on behalf of the board by:
Name: Uzo Iwobi
Status: Director