LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Company Registration Number:
10433796 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2022

Period of accounts

Start date: 1 November 2021

End date: 31 October 2022

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2022

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

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Directors' report period ended 31 October 2022

The directors present their report with the financial statements of the company for the period ended 31 October 2022

Directors

The directors shown below have held office during the whole of the period from
1 November 2021 to 31 October 2022

Desmond Belle
Samuel Hunt
Theresa Hutchinson


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
10 October 2023

And signed on behalf of the board by:
Name: Samuel Hunt
Status: Director

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2022

2022 2021


£

£
Turnover: 2,364 1,000
Gross profit(or loss): 2,364 1,000
Administrative expenses: ( 8,813 ) ( 19,229 )
Other operating income: 2,400 27,164
Operating profit(or loss): (4,049) 8,935
Profit(or loss) before tax: (4,049) 8,935
Profit(or loss) for the financial year: (4,049) 8,935

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Balance sheet

As at 31 October 2022

Notes 2022 2021


£

£
Called up share capital not paid: 2 2
Fixed assets
Tangible assets: 3 13,586 18,115
Total fixed assets: 13,586 18,115
Current assets
Cash at bank and in hand: 479 0
Total current assets: 479 0
Net current assets (liabilities): 479 0
Total assets less current liabilities: 14,067 18,117
Creditors: amounts falling due after more than one year: 4 ( 9,179 ) ( 9,180 )
Total net assets (liabilities): 4,888 8,937
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 4,886 8,935
Total Shareholders' funds: 4,888 8,937

The notes form part of these financial statements

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Balance sheet statements

For the year ending 31 October 2022 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 10 October 2023
and signed on behalf of the board by:

Name: Samuel Hunt
Status: Director

The notes form part of these financial statements

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost or valuation less accumulated depreciation and any accumulated impairment losses. Donated assets are included at valuation as at the date it was donated. 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, Plant & Machinery 25percent Reducing Balance

    Other accounting policies

    Going Concern DisclosureThe directors are confident that, with the continued support of the existing funders and donors the company is able to ability to continue is activities for a 12 month period from the approval of these financial statements, and thus the going concern basis remains appropriate.LeasesRentals comprise monthly charges for the studio space, which rentals were waved by the Diocese of Leicester, this waving is recorded as donations.

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 3 2

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2021 18,500 18,500
Additions
Disposals
Revaluations
Transfers
At 31 October 2022 18,500 18,500
Depreciation
At 1 November 2021 385 385
Charge for year 4,529 4,529
On disposals
Other adjustments
At 31 October 2022 4,914 4,914
Net book value
At 31 October 2022 13,586 13,586
At 31 October 2021 18,115 18,115

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2022

4. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Other creditors 9,179 9,180
Total 9,179 9,180

COMMUNITY INTEREST ANNUAL REPORT

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Company Number: 10433796 (England and Wales)

Year Ending: 31 October 2022

Company activities and impact

Broadcasting a radio station (LCR) to deprived audiences and tackle racism for those within the demographic of English-Speaking over 35's in the Leicester Urban Area.Ofcom has confirmed this is a demographic that is unserved by other local radio stations.This service has provided signposting to public services, public engagement, companionship, mental health and wellbeing as well as cultural expression and racial integration, all much needed services within this demographic within this area of the UK.

Consultation with stakeholders

The stakeholders are the listeners, the presenters, the people we work with (individuals, local authorities, charities, etc).Radio by its very nature is interactive and every engagement provides a form of feedback in itself. However we hold regular annual meetings open to the public, we attend at least 15 third-party public events per year where people can interact with us, we carry out regular surveys and through both on-air and off-air advertisements we encourage people to give feedback.

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
11 October 2023

And signed on behalf of the board by:
Name: Samuel Hunt
Status: Director