KONNECT MEDIA CIC

Company limited by guarantee

Company Registration Number:
13043025 (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

KONNECT MEDIA CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

KONNECT MEDIA CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 60,357 52,257
Cost of sales: ( 34,356 ) ( 32,806 )
Gross profit(or loss): 26,001 19,451
Administrative expenses: ( 25,967 ) ( 18,467 )
Other operating income: 16,000
Operating profit(or loss): 34 16,984
Profit(or loss) before tax: 34 16,984
Tax: ( 134 ) ( 2,372 )
Profit(or loss) for the financial year: (100) 14,612

KONNECT MEDIA CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 3,608 3,352
Total fixed assets: 3,608 3,352
Current assets
Debtors: 4 1,800
Cash at bank and in hand: 25,282 31,439
Total current assets: 27,082 31,439
Prepayments and accrued income: 42
Creditors: amounts falling due within one year: 5 ( 12,623 ) ( 16,582 )
Net current assets (liabilities): 14,501 14,857
Total assets less current liabilities: 18,109 18,209
Total net assets (liabilities): 18,109 18,209
Members' funds
Profit and loss account: 18,109 18,209
Total members' funds: 18,109 18,209

The notes form part of these financial statements

KONNECT MEDIA 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 22 August 2024
and signed on behalf of the board by:

Name: Daniel Cottrell
Status: Director

The notes form part of these financial statements

KONNECT MEDIA 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

KONNECT MEDIA 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

KONNECT MEDIA 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 703 150 373 2,998 4,224
Additions 490 987 1,477
Disposals
Revaluations
Transfers
At 30 November 2023 1,193 150 1,360 2,998 5,701
Depreciation
At 1 December 2022 141 38 93 600 872
Charge for year 239 37 345 600 1,221
On disposals
Other adjustments
At 30 November 2023 380 75 438 1,200 2,093
Net book value
At 30 November 2023 813 75 922 1,798 3,608
At 30 November 2022 562 112 280 2,398 3,352

KONNECT MEDIA CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,800
Total 1,800

KONNECT MEDIA CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 12,445 16,582
Taxation and social security 178
Total 12,623 16,582

COMMUNITY INTEREST ANNUAL REPORT

KONNECT MEDIA CIC

Company Number: 13043025 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

During the past financial year, Konnect Radio has made significant strides in fulfilling its mission to share the gospel and offer positive, family-friendly entertainment across the UK and beyond. Our efforts have not only broadened our reach but also deepened our impact on communities, particularly in the areas of youth development, education, and media training. Expanding Our Reach This year, Konnect Radio attended four of the UK’s biggest festivals, where we reached nearly 200,000 people. These events provided a unique platform to share our message, engage with diverse audiences, and spread the gospel in a vibrant, accessible way. Our presence at these festivals has significantly increased our visibility and allowed us to connect with a wide range of individuals, from devoted listeners to those hearing our message for the first time. Developing Future Broadcasters One of our most notable achievements this year has been the successful training and mentorship of a large number of new volunteers. By establishing relationships with colleges and universities across the UK, we have created pathways for aspiring broadcasters and media communicators. These partnerships have not only enriched our programming with fresh talent and perspectives but have also provided students with invaluable hands-on experience in the media industry. Our commitment to nurturing the next generation of broadcasters is having a profound impact on their personal and professional development. Many of our trainees have expressed how their experience with Konnect Radio has equipped them with the skills and confidence needed to pursue careers in broadcasting and media, ultimately contributing to the growth and sustainability of the Christian media landscape. Offering Positive Entertainment Throughout the year, Konnect Radio has continued to deliver positive, family-friendly entertainment that resonates with listeners of all ages. Our programming remains a reliable source of inspiration, encouragement, and joy for families across the country. By providing content that aligns with Christian values and promotes wholesome entertainment, we have solidified our role as a trusted media outlet in the community. Conclusion Konnect Radio’s activities over the past year have had a substantial impact on communities across the UK. From reaching new audiences at major festivals to fostering the development of future media professionals, our work is contributing to a vibrant and positive media environment. As we look ahead, we remain committed to our mission of sharing the gospel and providing uplifting content to our ever-growing audience.

Consultation with stakeholders

No consultation with stakeholders

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
22 August 2024

And signed on behalf of the board by:
Name: Daniel Cottrell
Status: Director