2023-03-31-accounts - Crescent Community Radio Ltd

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Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Charity Assist Accountants Ltd

Certified Public Accountants and Charity Independent Examiners

Unit 27 Batley Enterprise Centre

513 Bradford Road Batley West Yorkshire

WF17 8LL

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Contents	Page
Basic information	3
Trustees’ annual report	4-8
Independent examiners report	9-10
Income and expenditure accounts	11-12
Notes to the accounts	13-19

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Basic information

Address

1 Devon Street Rochdale Lancashire OL11 1HN

Bank

NatWest Bank Barclays Bank Town Hall Square 1 Yorkshire Street Rochdale Rochdale OL16 1LL OL16 1BH

Accountants

Charity Assist Accountants Ltd Unit 27 Batley Enterprise Centre

Batley WF17 8LL

Charity Registration No.

1126088

Company No.

05263352

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Trustees’ annual report (including Directors’ report) for the period

From: 1[st] April 2022 To: 31[st] March 2023 Charity name: Crescent Community Radio Ltd

Charity registration number: 1126088 Company number: 05263352

Objectives and activities

Objectives and activities
	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	A) To advance the education and training of the inhabitants of Rochdale and the surrounding area in radio production, broadcasting and media skills techniques; B) To advance the education of the public through radio broadcasts on such topics as the trustees deem fit, in particular but not exclusively relating to health and crime prevention; C) To provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life, in particular but not exclusively by establishingayouthgroup.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The main activities of the charity have been radio broadcasts and providing and assisting in the provision of facilities for social welfare.
Statement confirming whether the trustees have	Para 1.18	The Directors are responsible for preparingthe Directors Annual Report

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

had regard to the guidance issued by the Charity Commission on public benefit		and the Financial Statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). In preparing the financial statements, 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 financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2011 and the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS102). The directors are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In accordance with company law, as the company’s directors, we certify that:

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Achievements and performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity managed to raise funds which they have used to fund their charitable objects. They also received a grant from National Heritage which they have used towards their charitable objects.

Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity is showing a surplus on the movement in funds.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	It’s the charity policy to hold £1,000 in reserve to be able to cover an emergency expense or unexpected cost.
Amount of reserves held	Para 1.22	£1,000

Structure, governance and management

Description of charity’s trusts:
Type of governing document: for example,trust deed, memorandum and articles of association etc	Para 1.25	Memorandum and articles of association incorporated on 18th February 2008
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	The charity is a standard registration, registered on 29th September 2008.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled	Para 1.25	1. Every year at the Annual General Meeting, one member of the Committee will retire on rotation and be eligible for re-election.

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

to appoint one or more trustees		2. All candidates for election or re-election shall be paid up Members over the age of 16, and proposed and seconded by two other paid up Members in writing, no less than 14 days before the Annual General Meeting. 3. Any candidate proposed should agree in writing that they are prepared to serve as part of the Committee if so elected. They must also meet the qualifying criteria to be a Company Director. Should there be more candidates correctly proposed and seconded or standing for re-election than positions available on the Committee, a vote will be taken by those qualified Members in attendance. In the case of a tie in any vote, the Chairman of the meeting shall hold a castingvote.

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Reference and administrative details

Charity name Crescent Community Radio Ltd Other name the charity uses Crescent Radio 97 FM Registered charity number 1126088 Charity’s principal address 1 Devon St Rochdale OL11 1HN

Trustee name

Zia Zaman Dr Inayat Khan Babar Razia Shamim

Corporate trustees – names of the directors at the date the report was approved

Director name

Chishti, Mohammed Ijaz Ul Haq Faheem Babar, Inayat Khan, Dr. Shamim MBE, Razia

Declarations

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the Crescent Community Radio Ltd trustees/directors/ members of On accounts for the year 31[st] March 2023 ended Charity no: 1126088 Company no: 05263352

Set out on pages 11-12

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 / 03 / 2023 . Responsibilities and As the charity’s trustees of the Company (who are also the directors of the basis of report company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5) (b) of the 2011 Act. I have completed my examination. I confirm that no material matters have Independent examiner's come to my attention which gives me cause to believe that: statement • accounting records were not kept in accordance with section 386 of the Companies Act 2006; or • the accounts do not accord with such records; or • the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or •the accounts have not been prepared in accordance with the Charities SORP (FRS102).

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Charity Name Crescent CommunityRadioLtd	Charity Name Crescent CommunityRadioLtd	CharityNo	1126088	1126088
		CompanyNo	5263352
Annual accounts for the period
Period start date	1.4.2022	To	Period end date	31.3.2023

Section A Statement of financial activities (including summary income and expenditure account)

Recommended categories by activity	Guidance Note	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prior year funds
		£	£	£	£	£
Income (Note 3)		F01	F02	F03	F04	F05
Income and endowments from:
Donations and legacies	S01	12,044	32,784	-	44,828	43,948
Charitable activities	S02	31,217		-	31,217	23,400
Other trading activities	S03	4,389	-	-	4,389	22,581
Investments	S04	600	-	-	600	1,800
Separate material item of income	S05	-	-	-	-	-
Other	S06	-	-	-	-	-
*Total*	S07	48,249	32,784	-	81,033	91,729
Expenditure (Notes 6)
Expenditure on:
Raising funds	S08	10,721	80	-	10,801	7,930
Charitable activities	S09	49,233	34,986	-	84,219	96,589
Separate material expense item	S10	-			-	-
Other	S11	81	-	-	81	388
*Total*	S12	60,035	35,066	-	95,101	104,907

Net income/(expenditure) before tax for the reporting period	S13	11,786 -	2,282 -	-	14,068 -	13,178 -
Taxpayable	S14	-	-	-	-	-
Net income/(expenditure) after tax before investment gains/(losses)	S15	11,786 -	2,282 -	-	14,068 -	13,178 -
Net gains/(losses) on investments	S16	-	-	-	-	-
Net income/(expenditure)	S17	11,786 -	2,282 -	-	14,068 -	13,178 -
Extraordinary items	S18	-	-	-	-
Transfers between funds	S19	-	-	-	-	-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use	S20	-	-	-	-	-
Other gains/(losses)	S21	-	-	-	-	-
*Net movement in funds*	S22	11,786 -	2,282 -	-	14,068 -	13,178 -

*Reconciliation of* *funds:*
Total funds brought forward	S23	29,376	22,436	-	51,812	64,990
*Total funds carried forward*	S24	17,590	20,154	-	37,744	51,812

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31st March 2023 11 Section B Balance sheet x•d as8•t8 iffjwglbl• •••t• FQI F(Q FC4 614 171 614 Curr•nt atr Imllth 17.41 035 .036 20 1 20.151 dO.I&J 55 8g6 20) 1é.978 20.ty J7,1 51M12 17.590 0.154 J7.744 51.812 y••v 17.$90 2Q.154 37.744 Funds ol th• Charlty 2Q.151 20.154 17yAYJ 2143a 17.590 20.151 37.744 Ra5 Sharnin MBE 71223 12

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Section C Notes to the accounts


Note 1Basis ofpreparation

*This section should be completed by all charities*.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s)to these accounts.
The accounts have beenprepared in accordance with:
• and with*	✓	the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with*	✓	the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
1.2 Going concern
*If there are material uncertainties related to events or conditions that cast significant doubt on the* *charity's ability to continue as a going concern, please provide the following details or state "Not* *applicable", if appropriate:*
An explanation as to those factors that support the conclusion that the charity is a going concern;			The charity shows they have made a loss. However, they have funds in their bank account and this shows the charity is a going conern.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.
Yes*	✓	* -Tick as appropriate
No*

1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes*	✓	* -Tick as appropriate
No*


1.5 Materialprioryear errors
No materialprioryearerror have been identified in the reporting period(3.47 FRS102 SORP).
Yes*		* -Tick as appropriate
No*	✓

Yes ✓ * -Tick as appropriate No 1.5 Material prior year errors No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). Yes * -Tick as appropriate No ✓

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Note 3	Income
	Analysis of income	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prioryear
					£	£
Donations and legacies:	Donations and gifts	114	-	-	114	450
	GiftAid		-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	32,784	-	32,784	35,228
	Membership subscriptions and sponsorships whichareinsubstance donations	11,930	-	-	11,930	8,270
	Donated goods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	12,044	32,784	-	44,828	43,948

Charitable activities:	Activities for generating funds	24,910	-	-	24,910	23,100
		-	-	-	-	-
	Other	6,307	-	-	6,307	300
	Total	31,217	-	-	31,217	23,400

Other trading activities:	Advertisement income		-	-	-
	Agencyincome	4,389	-	-	4,389	22,581
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	4,389	-	-	4,389	22,581

Income from investments:	Interestincome	-	-	-	-	-
	Dividendincome	-	-	-	-	-
	Rentalandleasingincome	600	-	-	600	1,800
	Other	-	-	-	-	-
	Total	600	-	-	600	1,800


TOTAL INCOME		48,249	32,784	-	81,033	91,729

Other information:

All income in the prior year was unrestricted except for: (please provide description and amounts)		Grants - £32784

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Note 6	Expenditure
	Analysis of expenditure	Unrestricted funds	Restricted income funds	Endowment funds	Total funds	Prioryear
					£	£
Expenditure on raising funds:	Incurred seeking donations		-	-	-	-
	Incurred seeking legacies	-	-	-	-	-
	Staging fundraising events	1,650	80		1,730	735
	Fundraising agents	-			-
	Intellectual property licencing costs	3,130	-	-	3,130	3,355
	Rent collection, property repairs and maintenance charges	5,941	-	-	5,941	3,840
		-	-	-	-	-
	Total expenditure on raising funds	10,721	80	-	10,801	7,930

Expenditure on charitable activities	Accountancy fees	975			975	825
	Booklet costs	-			-	320
	Charitable donations	2,330	-		2,330	1,175
	Cleaning	714	-		714	-
	Commissions paid	3,796	-		3,796	44,377
	Council tax	497	-		497	-
	Eid expenses	2,220	-		2,220	-
	Equipment and upgrades	253	45		298	19,319
	Independent examination	300	-		300	250
	Insurance	635	-		635	580
	Light & heat	1,907	-		1,907	1,266
	Meeting expenses	123	-		123	-
	Printing,postage and stationery	224	-		224	235
	Proffesional services	2,698	800		3,498	2,215
	Qawwals expenses	1,040	-		1,040	-
	Rates	-	-		-	374
	Refreshments	10	-		10	-
	Room hire	-	-		-	380
	Software	288	196		484	-
	Telephone & internet	10,412	-		10,412	6,478
	Training	30			30
	Travel and subsistence	115			115
	Utility bills	-	-		-	26
	Volunteer expenses	6,242	1,524		7,766	7,590
	Wages & PAYE	13,705	32,421		46,126	10,788
	Water	614			614	391
	Website	105	-		105	-
	Total expenditure on charitable activities	49,233	34,986	-	84,219	96,589

Other	Companieshouse	-	-	-	-	375
	Confirmationstatememt	13	-	-	13	13
	Depreciation	68	-	-	68	-
		-	-	-	-	-
		-	-	-	-	-
	Total other expenditure	81	-	-	81	388

TOTAL EXPENDITURE		60,035	35,066	-	95,101	104,907

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Note 10 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts
*Please provide details of the amount paid for any statutory external scrutiny of* *accounts and other services provided by your independent examiner. If nothing* *was paid please enter '0' in the appropriate box(es).*
	This year	Last year
	£	£
Independent examiner’s fees	300	250
Assurance services other than independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Note 14 Tangible fixed assets	Note 14 Tangible fixed assets	Note 14 Tangible fixed assets	Note 14 Tangible fixed assets	Note 14 Tangible fixed assets
*Please complete this note ifthe charity has any tangible fixed assets*
14.1 Cost or valuation
	Freehold land & buildings	Other land & buildings	Plant, machinery and motor vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£	£
At the beginning of the year	-	-	-	-	-
Additions	-	-	-	682	682
Revaluations	-	-	-	-	-
Disposals	-	-	-	-	-
Transfers *	-	-	-	-	-
At end of the year	-	-	-	682	682
14.2 Depreciation and impairments
**Basis	SL or RB	SL or RB	SL or RB	SL or RB	SL or RB
** Rate				10%

At beginning of the year	-	-	-	-	-
Disposals	-	-	-	-	-
Depreciation	-	-	-	68	68
Impairment	-	-	-	-	-
Transfers*	-	-	-	-	-
At end of the year	-	-	-	68	68

14.3 Net book value
Net book value at the beginning of the year	-	-	-	-	-
Net book value at the end of the year	-	-	-	614	614

Note 14 Tangible fixed assets	Note 14 Tangible fixed assets	Note 14 Tangible fixed assets	Note 14 Tangible fixed assets	Note 14 Tangible fixed assets
*Please complete this note ifthe charity has any tangible fixed assets*
14.1 Cost or valuation
	Freehold land & buildings	Other land & buildings	Plant, machinery and motor vehicles	Fixtures, fittings and equipment	Total
	£	£	£	£	£
At the beginning of the year	-	-	-	-	-
Additions	-	-	-	682	682
Revaluations	-	-	-	-	-
Disposals	-	-	-	-	-
Transfers *	-	-	-	-	-
At end of the year	-	-	-	682	682
14.2 Depreciation and impairments
**Basis	SL or RB	SL or RB	SL or RB	SL or RB	SL or RB
** Rate				10%

At beginning of the year	-	-	-	-	-
Disposals	-	-	-	-	-
Depreciation	-	-	-	68	68
Impairment	-	-	-	-	-
Transfers*	-	-	-	-	-
At end of the year	-	-	-	68	68

14.3 Net book value
Net book value at the beginning of the year	-	-	-	-	-
Net book value at the end of the year	-	-	-	614	614

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

	20.1 Analysis of creditors This year Last year This year Last year £ £ £ £ Accruals for grants payable - - - - Bank loans and overdrafts - - - - Trade creditors - - - - Note 20 Creditors and accruals *Please complete this note if the charity has any creditors or accruals.* Amounts falling due within oneyear Amounts falling due after more than oneyear	20.1 Analysis of creditors This year Last year This year Last year £ £ £ £ Accruals for grants payable - - - - Bank loans and overdrafts - - - - Trade creditors - - - - Note 20 Creditors and accruals *Please complete this note if the charity has any creditors or accruals.* Amounts falling due within oneyear Amounts falling due after more than oneyear	20.1 Analysis of creditors This year Last year This year Last year £ £ £ £ Accruals for grants payable - - - - Bank loans and overdrafts - - - - Trade creditors - - - - Note 20 Creditors and accruals *Please complete this note if the charity has any creditors or accruals.* Amounts falling due within oneyear Amounts falling due after more than oneyear	20.1 Analysis of creditors This year Last year This year Last year £ £ £ £ Accruals for grants payable - - - - Bank loans and overdrafts - - - - Trade creditors - - - - Note 20 Creditors and accruals *Please complete this note if the charity has any creditors or accruals.* Amounts falling due within oneyear Amounts falling due after more than oneyear	20.1 Analysis of creditors This year Last year This year Last year £ £ £ £ Accruals for grants payable - - - - Bank loans and overdrafts - - - - Trade creditors - - - - Note 20 Creditors and accruals *Please complete this note if the charity has any creditors or accruals.* Amounts falling due within oneyear Amounts falling due after more than oneyear	20.1 Analysis of creditors This year Last year This year Last year £ £ £ £ Accruals for grants payable - - - - Bank loans and overdrafts - - - - Trade creditors - - - - Note 20 Creditors and accruals *Please complete this note if the charity has any creditors or accruals.* Amounts falling due within oneyear Amounts falling due after more than oneyear	20.1 Analysis of creditors This year Last year This year Last year £ £ £ £ Accruals for grants payable - - - - Bank loans and overdrafts - - - - Trade creditors - - - - Note 20 Creditors and accruals *Please complete this note if the charity has any creditors or accruals.* Amounts falling due within oneyear Amounts falling due after more than oneyear
		This year Last year Amounts falling due within oneyear			This year Last year £ £ - - - - Amounts falling due after more than oneyear
		£ - -	£ - -				£ - -
		-	-		-		-
	Payments received on account for contracts or performance-related grants Accruals and deferred income	-	-		-		-
		3,059	4,084		-
	Taxation and social security Other creditors	-	-		-		-
		-	-		-		-
	Total	3,059	4,084		-		-
				This year Last year £ £ - - - - 40,189 55,896 - - 40,189 55,896
Note 24Cash at bankand in hand
				This year		Last year
				£		£
Short termcash investments (less than 3 months maturity date)				-		-
Short termdeposits				-		-
Cash at bankand on hand				40,189		55,896
Other				-		-
Total				40,189		55,896

Crescent Community Radio Ltd Income and Expenditure Accounts for the year ended 31[st] March 2023

Note 27 Charity funds

Note 27 Charity funds	Note 27 Charity funds	Note 27 Charity funds	Note 27 Charity funds	Note 27 Charity funds	Note 27 Charity funds	Note 27 Charity funds	Note 27 Charity funds	Note 27 Charity funds
27.1 Details of material funds held and movements during the CURRENT reporting period
*Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include* *revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.*
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricte *funds*			*d income funds, including special trusts, of the charity; and U - unrestricted*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward	Income	Expenditure	Transfers	Gains and losses	Fund balances carried forward
			£	£	£	£	£	£
East Africa	R	Volunteer expenses and equipment	2,040		-225			1,815
Ofcom	R	Volunteer expenses	2,560		-1,300			1,260
Digital Inclusion fund	R	wages	1,449		-980			469
Comm Safety Rochdale		wages	4,094		-2,301			1,793
Heritage Compass	R	wages and equipment	1,300		-1,300			0
Punjabi lives	R	Wages,equipment ,proffessional services,software and events	0	31,843	-17,025			14,818
PTC Power	R	Commissions and wages	9,000		-9,000			0
Safer Communities	R		-606		0			0
Rochdale BC	R		-335		0			0
Action Together Cl	R	Wages	2,934		-2,934			0
*Other funds (balancing* *figure)*	N/a	N/a						0
Total Funds asper balance sheet			22,436	31,843	-35,066	0	0	20,154