SCENE MAGAZINE MEDIA CIC

Company Registration Number:
03622496 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2021

Period of accounts

Start date: 1 September 2020

End date: 31 August 2021

SCENE MAGAZINE MEDIA CIC

Contents of the Financial Statements

for the Period Ended 31 August 2021

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SCENE MAGAZINE MEDIA CIC

Balance sheet

As at 31 August 2021

Notes 2021 2020


£

£
Called up share capital not paid: 100 100
Fixed assets
Tangible assets: 3 312 625
Total fixed assets: 312 625
Current assets
Cash at bank and in hand: 9,882 438
Total current assets: 9,882 438
Creditors: amounts falling due within one year: 4 ( 14,511 ) ( 13,011 )
Net current assets (liabilities): (4,629) (12,573)
Total assets less current liabilities: (4,217) ( 11,848)
Total net assets (liabilities): (4,217) (11,848)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (4,218 ) (11,849 )
Total Shareholders' funds: ( 4,217 ) (11,848)

The notes form part of these financial statements

SCENE MAGAZINE MEDIA CIC

Balance sheet statements

For the year ending 31 August 2021 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 26 August 2022
and signed on behalf of the board by:

Name: Christopher Gull
Status: Director

The notes form part of these financial statements

SCENE MAGAZINE MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 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

    Tangible fixed assets depreciation policy

    Straight line depreciation on office equipment 25% per annum

SCENE MAGAZINE MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 0 0

SCENE MAGAZINE MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2020 1,251 1,251
Additions
Disposals
Revaluations
Transfers
At 31 August 2021 1,251 1,251
Depreciation
At 1 September 2020 626 626
Charge for year 313 313
On disposals
Other adjustments
At 31 August 2021 939 939
Net book value
At 31 August 2021 312 312
At 31 August 2020 625 625

SCENE MAGAZINE MEDIA CIC

Notes to the Financial Statements

for the Period Ended 31 August 2021

4. Creditors: amounts falling due within one year note

2021 2020
£ £
Bank loans and overdrafts 1,500 0
Other creditors 13,011 13,011
Total 14,511 13,011

COMMUNITY INTEREST ANNUAL REPORT

SCENE MAGAZINE MEDIA CIC

Company Number: 03622496 (England and Wales)

Year Ending: 31 August 2021

Company activities and impact

The company publishes a monthly LGBTQ+ magazine and website which features relevant information, features, advertisements, events and community news. For 30 years the magazine was printed and distributed, but with COVID lockdown and restrictions we lost our distribution points and main source of advertising revenue.From April 2020 we published online only, but in fact this proved to be an advantage because we could get our content to more LGBTQ+ individuals and communities across the UK.This bought benefit to many as we were able to give specific information about COVID, loneliness and isolation, services, support, fundraising, as well as features.We also gave freelance employment to 2 P/T Editors, 1 P/T designer, 2 P/T Photographers, 1P/T Bookkeeper, and 5 freelance contributors.

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
26 August 2022

And signed on behalf of the board by:
Name: Christopher Gull
Status: Director