RADIO RANGOLI CIC

Company limited by guarantee

Company Registration Number:
13033459 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

RADIO RANGOLI CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

RADIO RANGOLI CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Kishor Dabhi
Narahari Joshi
Divya Khurana
Vishalkumar Mehta
Rashik Parmar
Bhavin Navinchandra Pujara


The director shown below has held office during the period of
1 December 2022 to 7 September 2023

Naveen Sunag


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
13 August 2024

And signed on behalf of the board by:
Name: Kishor Dabhi
Status: Director

RADIO RANGOLI CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 1,845 8,540
Cost of sales: ( 1,159 ) ( 2,014 )
Gross profit(or loss): 686 6,526
Distribution costs: ( 368 ) ( 1,176 )
Administrative expenses: ( 1,534 ) ( 769 )
Operating profit(or loss): (1,216) 4,581
Profit(or loss) before tax: (1,216) 4,581
Tax: ( 870 )
Profit(or loss) for the financial year: (1,216) 3,711

RADIO RANGOLI CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,347 190
Total fixed assets: 2,347 190
Current assets
Cash at bank and in hand: 5,570 8,944
Total current assets: 5,570 8,944
Creditors: amounts falling due within one year: 4 ( 2,585 ) ( 2,585 )
Net current assets (liabilities): 2,985 6,359
Total assets less current liabilities: 5,332 6,549
Creditors: amounts falling due after more than one year: 5 ( 2,535 ) ( 2,535 )
Total net assets (liabilities): 2,797 4,014
Members' funds
Profit and loss account: 2,797 4,014
Total members' funds: 2,797 4,014

The notes form part of these financial statements

RADIO RANGOLI CIC

Balance sheet statements

For the year ending 30 November 2023 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 13 August 2024
and signed on behalf of the board by:

Name: Kishor Dabhi
Status: Director

The notes form part of these financial statements

RADIO RANGOLI CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 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

    We have used depreciation rate of 25% on reducing balance.

RADIO RANGOLI CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

RADIO RANGOLI CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 190 190
Additions 2,939 2,939
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 30 November 2023 3,129 3,129
Depreciation
At 1 December 2022 0 0
Charge for year 782 782
On disposals 0 0
Other adjustments 0 0
At 30 November 2023 782 782
Net book value
At 30 November 2023 2,347 2,347
At 30 November 2022 190 190

RADIO RANGOLI CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,700 1,700
Taxation and social security 870 870
Accruals and deferred income 15 15
Total 2,585 2,585

Provision of taxation is from previous year, which will be reverted in 23-24. Trade creditors are cost incurred in producing the shows and will be settled in 23-24.

RADIO RANGOLI CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

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

2023 2022
£ £
Other creditors 2,535 2,535
Total 2,535 2,535

Other creditors is related to Director's loan and will not be withdrawn by directors until Rangoli Radio has stable income base.

COMMUNITY INTEREST ANNUAL REPORT

RADIO RANGOLI CIC

Company Number: 13033459 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Rangoli Radio is a community based Radio Station operating on DAB in Leeds, West Yorkshire and on Internet all over the world. During the accounting year Dec-22 to Nov-23, we have trained 12+ presenters from local community including students from local school & colleges to become radio presenters. We have 15+ active presenters, producing 410+ shows, generating 25000 listening hours over 80000 sessions in this year as per our internet hosting services. Unfortunately we can't capture the number of DAB listeners, but our estimate is around 750+ hours of listening on per month basis. We have engaged with other local organisations like Yorkshire Sculpture Park, Yorkshire Children Center arranging an activity day inviting the community members. Due to our ongoing effort, we have been allocated free space to operate Radio Station by White Rose Park in Leeds, that was opened in Sep-23.

Consultation with stakeholders

Rangoli Radio's stakeholders are their listeners and local community members supporting the cause. We generally arrange two in-person events in an year, inviting the local community members in a fun filled activity day, where their feedback is heard, gathered and turns into an action items as applicable. We also gather feedback via google forms, audio and video interviews as well. Our usual attendee rate is approx 80 people. Based on the feedback gathered in 22-23, we have identified opportunity to have steering group which is not in place. We also have identified need of involving students to boost their confidence and give real life experience on operating digital radio station. This enabled us in collaborating with the local school and colleges, resulted into having active 4 student presenters and involvement with St John Ambulance having show titled as "Save Lives on Air".

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
13 August 2024

And signed on behalf of the board by:
Name: Kishor Dabhi
Status: Director