for the Period Ended 31 May 2025
| Company Information - 3 | |
| Report of the Directors - 4 | |
| Income and Expenditure Account - 5 | |
| Balance sheet - 6 | |
| Footnotes to the Balance Sheet - 8 |
for the Period Ended 31 May 2025
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| Registered office: |
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The directors present their report with the financial statements of the company for the period ended 31 May 2025
Principal Activities
Additional information
As a not-for-profit enterprise, West Leeds Community Media normally aims to maintain a prudent reserve to cover contingencies and put any excess income into additional activity. At the end of the last financial year (May 2024), WLCM had come to the end of a significant three year block of funding. We therefore retained a larger than normal surplus to support activities while we looked for equivalent replacement funding, which was secured from the National Lottery Community Fund, starting in January 2025. The "trading loss" in this financial year is a combination of using the extra reserves during the first part of the year, then an expansion of both scope and extent of activities once further long-term funding was secured. The nett effect at the end of this financial year is to again reduce our reserves to a prudent but not excessive level, in line with our corporate objectives. WLCM continues to generate significant funding from syndication of news through Google, support from local business partners and donations from individual supporters, as well as the generous support from the National Lottery.
Directors
The directors shown below have held office during the whole of the period from 01 June 2024 to 31 May 2025
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
Name:
Status: Director
for the Period Ended 31 May 2025
2025 £ |
2024 £ |
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| Turnover |
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| Cost of Materials |
(
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(
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| Depreciation and Writeoffs |
(
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(
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| Other charges |
(
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(
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| Tax on surplus |
(
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(
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| Surplus or (Deficit) for Period |
(
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As at
2025 £ |
2024 £ |
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| Fixed Assets: |
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| Current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: |
( |
( |
| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
( |
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| Total net assets (liabilities): |
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| Reserves: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2025
for the Period Ended 31 May 2025