COLNE RADIO COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07877272 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

COLNE RADIO COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2022

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

COLNE RADIO COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 55,627 3,765
Cost of sales: ( 45,665 )
Gross profit(or loss): 9,962 3,765
Administrative expenses: ( 6,765 ) ( 10,460 )
Operating profit(or loss): 3,197 (6,695)
Profit(or loss) before tax: 3,197 (6,695)
Profit(or loss) for the financial year: 3,197 (6,695)

COLNE RADIO COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 1,433 1,583
Total fixed assets: 1,433 1,583
Current assets
Debtors: 4 11,381
Cash at bank and in hand: 10,149 5,106
Total current assets: 21,530 5,106
Creditors: amounts falling due within one year: 5 ( 13,683 ) ( 606 )
Net current assets (liabilities): 7,847 4,500
Total assets less current liabilities: 9,280 6,083
Total net assets (liabilities): 9,280 6,083
Members' funds
Profit and loss account: 9,280 6,083
Total members' funds: 9,280 6,083

The notes form part of these financial statements

COLNE RADIO COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 2022 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 29 September 2023
and signed on behalf of the board by:

Name: Peter Hill
Status: Director

The notes form part of these financial statements

COLNE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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

COLNE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

COLNE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 8,265 156 303 8,724
Additions
Disposals
Revaluations
Transfers
At 31 December 2022 8,265 156 303 8,724
Depreciation
At 1 January 2022 6,810 100 231 7,141
Charge for year 124 8 18 150
On disposals
Other adjustments
At 31 December 2022 6,934 108 249 7,291
Net book value
At 31 December 2022 1,331 48 54 1,433
At 31 December 2021 1,455 56 72 1,583

COLNE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 11,381
Total 11,381

COLNE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 13,683 606
Total 13,683 606

COMMUNITY INTEREST ANNUAL REPORT

COLNE RADIO COMMUNITY INTEREST COMPANY

Company Number: 07877272 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

Since April 2017, when we obtained our FM licence, we have maintained a team of around 25 broadcasters and other people who deliver a 24/7 radio broadcasting service as well as continuing to broadcast on the internet. We continue to promote local events on both the radio as well as on our website although have been fewer events to promote in 2022 because of the Covid pandemic. Our news bulletins that are broadcast every hour continue to feature some local news as well as national and international news. Colne Radio continues to be a community radio station as well as providing an opportunity for people to get involved in the many aspects of running a community radio station. We are grateful to our small but extremely good band of local advertisers who help to keep us going as well as to our dedicated volunteer presenters on whom we rely to deliver a service to the local community each day. In mid-2021 we found ourselves getting involved in a project to deliver radio journalism training to benefit people who would benefit from skills training in this specialist area. Project delivery was delayed until 2022 though. This project, part of a much larger project managed by Abberton Rural Training and called Seeds4Growth, successfully delivered training in radio journalism and creation of things as podcasts to 12 people in the Tendring area with a potential to give them a career in this sector. This was funded by a Government grant and used the services of our radio station and volunteers as well as paid consultants from external sources known to Colne Radio.

Consultation with stakeholders

All of our presenters are required to undergo some training and to agree to conform to a code of practice to ensure we maintain high ethical standards in our broadcasting. This has been maintained in 2022. We promote these standards when we talk to other people and stakeholders about our radio station and what we want to promote. We maintain active links with our local communities and welcome all opportunities for local dialogue with people in our broadcast area. We continue to use means as articles in a local newsletter, and personal contacts of the directors who are reasonably well known in their local communities, to keep our local communities aware of our radio station and what it can do for them.

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
7 August 2023

And signed on behalf of the board by:
Name: Peter Hill
Status: Director