LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Company Registration Number:
10433796 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2023

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 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Additional information

Statement of directors' responsibilities The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 2023

BELLE, Desmond Henderson


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
27 January 2025

And signed on behalf of the board by:
Name: BELLE, Desmond Henderson
Status: Director

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 1,809 2,364
Cost of sales: ( 1,615 )
Gross profit(or loss): 194 2,364
Administrative expenses: ( 9,186 ) ( 8,813 )
Other operating income: 18,000 2,400
Operating profit(or loss): 9,008 (4,049)
Profit(or loss) before tax: 9,008 (4,049)
Tax: ( 2,356 )
Profit(or loss) for the financial year: 6,652 (4,049)

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 2
Fixed assets
Tangible assets: 3 10,189 13,586
Total fixed assets: 10,189 13,586
Current assets
Cash at bank and in hand: 14,084 479
Total current assets: 14,084 479
Creditors: amounts falling due within one year: 4 ( 3,557 )
Net current assets (liabilities): 10,527 479
Total assets less current liabilities: 20,716 14,067
Creditors: amounts falling due after more than one year: 5 ( 9,176 ) ( 9,179 )
Total net assets (liabilities): 11,540 4,888
Capital and reserves
Called up share capital: 2 2
Other reserves: 4,888 8,937
Profit and loss account: 6,650 (4,051 )
Total Shareholders' funds: 11,540 4,888

The notes form part of these financial statements

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Balance sheet statements

For the year ending 31 October 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 27 January 2025
and signed on behalf of the board by:

Name: BELLE, Desmond Henderson
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 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

    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 25 percent Reducing Balance Plant & machinery 25%

    Other accounting policies

    Going concern Going Concern Disclosure The directors are confident that, with the continued support of the existing funders and donors the company is able to continue its activities for a 12 month period from the approval of these financial statements, and thus the going concern basis remains appropriate. Leased assets Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 18,500 18,500
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 18,500 18,500
Depreciation
At 1 November 2022 4,914 4,914
Charge for year 3,397 3,397
On disposals
Other adjustments
At 31 October 2023 8,311 8,311
Net book value
At 31 October 2023 10,189 10,189
At 31 October 2022 13,586 13,586

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023
£
Taxation and social security 2,357
Accruals and deferred income 1,200
Total 3,557

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Other creditors 9,176 9,179
Total 9,176 9,179

COMMUNITY INTEREST ANNUAL REPORT

LEICESTER COMMUNITY RADIO BROADCASTING C.I.C.

Company Number: 10433796 (England and Wales)

Year Ending: 31 October 2023

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
27 January 2025

And signed on behalf of the board by:
Name: Desmond Henderson BELLE
Status: Director