LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Company Registration Number:
10433796 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2021

Period of accounts

Start date: 1 November 2020

End date: 31 October 2021

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2021

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 2021

The directors present their report with the financial statements of the company for the period ended 31 October 2021

Directors

The directors shown below have held office during the whole of the period from
1 November 2020 to 31 October 2021

Desmond Belle
Samuel Hunt


The director shown below has held office during the whole of the period from
1 November 2020 to 31 October 2021

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 2021

2021 2020


£

£
Turnover: 1,000 0
Gross profit(or loss): 1,000 0
Administrative expenses: ( 19,229 ) 0
Other operating income: 27,164 0
Operating profit(or loss): 8,935 0
Profit(or loss) before tax: 8,935 0
Profit(or loss) for the financial year: 8,935 0

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Balance sheet

As at 31 October 2021

Notes 2021 2020


£

£
Called up share capital not paid: 2 2
Fixed assets
Tangible assets: 3 18,115 0
Total fixed assets: 18,115 0
Current assets
Debtors:   0
Total current assets: 0
Net current assets (liabilities): 0
Total assets less current liabilities: 18,117 2
Creditors: amounts falling due after more than one year: 4 ( 9,180 ) 0
Total net assets (liabilities): 8,937 2
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 8,935
Total Shareholders' funds: 8,937 2

The notes form part of these financial statements

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Balance sheet statements

For the year ending 31 October 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.

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 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

    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.Rendering of servicesTurnover 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. Turnover 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 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

    LeasesRentals comprise monthly charges for the stuiod 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 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 3 0

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2020 0 0
Additions 18,500 18,500
Disposals
Revaluations
Transfers
At 31 October 2021 18,500 18,500
Depreciation
At 1 November 2020 0 0
Charge for year 385 385
On disposals
Other adjustments
At 31 October 2021 385 385
Net book value
At 31 October 2021 18,115 18,115
At 31 October 2020 0 0

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2021

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

2021 2020
£ £
Other creditors 9,180 0
Total 9,180 0

COMMUNITY INTEREST ANNUAL REPORT

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Company Number: 10433796 (England and Wales)

Year Ending: 31 October 2021

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