LATEST GROUP CIC

Company limited by guarantee

Company Registration Number:
09973625 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

LATEST GROUP CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

LATEST GROUP CIC

Directors' report period ended 31 January 2024

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

Principal activities of the company

The principal activity of the company continued to be that of providing opportunities to disadvantaged local groups and providing these individuals with a voice in the media.



Directors

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

Ms CM Smith
Mr AC Garth
Ms EP Mienert
Mr A Kay


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
20 August 2024

And signed on behalf of the board by:
Name: Ms CM Smith
Status: Director

LATEST GROUP CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 161,680 94,629
Cost of sales: ( 156,044 ) ( 86,371 )
Gross profit(or loss): 5,636 8,258
Administrative expenses: ( 6,107 ) ( 8,832 )
Operating profit(or loss): (471) (574)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 378 ) ( 428 )
Profit(or loss) before tax: (849) (1,002)
Profit(or loss) for the financial year: (849) (1,002)

LATEST GROUP CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 502 1,001
Total fixed assets: 502 1,001
Current assets
Cash at bank and in hand: 14,921 11,279
Total current assets: 14,921 11,279
Creditors: amounts falling due within one year: 4 ( 6,000 ) 0
Net current assets (liabilities): 8,921 11,279
Total assets less current liabilities: 9,423 12,280
Creditors: amounts falling due after more than one year: 5 ( 13,892 ) ( 15,900 )
Total net assets (liabilities): (4,469) (3,620)
Members' funds
Profit and loss account: (4,469) ( 3,620)
Total members' funds: ( 4,469) (3,620)

The notes form part of these financial statements

LATEST GROUP CIC

Balance sheet statements

For the year ending 31 January 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 20 August 2024
and signed on behalf of the board by:

Name: Ms CM Smith
Status: Director

The notes form part of these financial statements

LATEST GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 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

    Tangible fixed assets depreciation policy

    Computer equipment is stated at cost (£1,999) and depreciated over four years.

LATEST GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

LATEST GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 1,999 1,999
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 1,999 1,999
Depreciation
At 1 February 2023 998 998
Charge for year 499 499
On disposals
Other adjustments
At 31 January 2024 1,497 1,497
Net book value
At 31 January 2024 502 502
At 31 January 2023 1,001 1,001

LATEST GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 6,000 0
Total 6,000 0

Arts Council and other grants deferred to match related expenditure (NIL at 31-Jan-23)

LATEST GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 13,892 15,900
Total 13,892 15,900

Coronavirus "bounce-back" loan.

COMMUNITY INTEREST ANNUAL REPORT

LATEST GROUP CIC

Company Number: 09973625 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

This has been a busy year for the CIC with many projects benefitting the communities that we serve in both Brighton and Newhaven and surrounding areas.We continued our work with the schools in Brighton’s socio-economically deprived areas creating “Schools Out” which was broadcast on Latest TV.We have continued to run the Diploma in Streaming Technologies, in partnership with the Job Centres in Newhaven, Lewes, Brighton and Eastbourne, a skills transfer programme for the unemployed, mentoring them in content creation, filming, editing, post-production. They create short films which are then broadcast on terrestrial television and streamed on many platforms. On successful completion of the course they are awarded a nationally accredited. Over 50% got paid work as a direct result of completing the programme.We continue to work with The Regeneration Team at Lewes Council to create positive features about Newhaven and surroundings to counter the neglect and bad reputation, restoring a sense of civic pride and duty. We have also created a partnership with the Making It Happen team. They are funded by Sussex Community Development Fund to support neighbourhood schemes that combat loneliness and isolation. We have created a series of 12 programmes, broadcast weekly on Latest TV and now repeated, showing the great work of the groups and how they help individuals in their communities. We have filmed the activities at grassroots level – all feedback received has been hugely positive, such that they plan further work with us.We are running cultural events that are inclusive and diverse giving opportunity to groups that do not have a platform and usually denied access to the world of television and modern digital skills.We ran the 2nd Ukraine International Film Festival, giving welcome and opportunities to Ukrainian Refugees. We were commissioned by BHCC to help the refugees create their own CIC and support them to stage events. We ran the ‘What A Nice World’ 23 Festival, a series of musical events with ‘tolerance’ and togetherness as their theme. Highlights were the staging of The Betrayed World, the anti-genocide opera to sell out performances nightly and rave reviews, The Ukrainian Music Festival, Siren, an LGBTQIA+ activist band and a collaboration with Alabama, home of Martin Luther King to stage fringe events. Film Pride again ran successfully in association with Brighton Pride, attracting many audience members and watched by thousands on television. facilitated many LGBTQ+ events. Similarly we ran festivals for the black community, Syrian refugees. We ran the Holocaust Memorial Day commemoration for Brighton and Hove Council. All our activities demonstrate diversity and inclusion. The communities feel welcome and have a sense of pride and achievement seeing their own talent showcased. We focus our activities on our nearest communities to the CIC which are:East Brighton - These communities are largely young and deprived, often in poverty and often poor education.Kemptown This is primarily the LGBTQ+ area of Brighton and known as The Gay Village. Central Brighton.Newhaven and nearby areas

Consultation with stakeholders

We have constant discussion and consultations with the diverse communities. Our senior management team are very diverse, and include from the black community, the Jewish Community, Ukrainian refugees, the LGBTQIA+ community.All consulted extensively with their communities on the activities to be undertaken, They are central to running these events and lessons are learnt and applied constantly.All projects are formally evaluated including feedback for all stakeholders. All evaluations have been accepted by the relevant funders.We consult regularly with the Job Centres and have attended many face-to-face meetings with claimants to hear their views. We ask all participants at the end of every programme and take note and act upon any recommendations.Our main stakeholders are:Brighton communities in the disadvantaged areasBrighton’s LGBTQ+ communityBrighton’s BAME communityBHCC Lewes District CouncilBrighton’s city leadersNewhaven’s leadersEast Sussex CollegeJob Centres in Newhaven and Lewes, Brighton and Eastbourne,Schools in socio-economically deprived areasAll grassroots organisations in the city with whom projects have been devisedAll our funders – Arts Council, BFI, Rainbow Fund, BHCC, UK Shared Prosperity Fund, Aviva, Tesco, SCDA, Other small funders

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
20 August 2024

And signed on behalf of the board by:
Name: Ms CM Smith
Status: Director