TAMWORTH RADIO BROADCASTING CIC

Company limited by guarantee

Company Registration Number:
06480432 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

TAMWORTH RADIO BROADCASTING CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

TAMWORTH RADIO BROADCASTING CIC

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

A Farrell
M Thomas


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
17 November 2024

And signed on behalf of the board by:
Name: A Farrell
Status: Director

TAMWORTH RADIO BROADCASTING CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 7,797 2,460
Gross profit(or loss): 7,797 2,460
Administrative expenses: ( 7,408 ) ( 6,425 )
Operating profit(or loss): 389 (3,965)
Profit(or loss) before tax: 389 (3,965)
Profit(or loss) for the financial year: 389 (3,965)

TAMWORTH RADIO BROADCASTING CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,491 1,754
Total fixed assets: 1,491 1,754
Current assets
Cash at bank and in hand: 1,091 393
Total current assets: 1,091 393
Creditors: amounts falling due within one year: 4 ( 5,246 ) ( 5,200 )
Net current assets (liabilities): (4,155) (4,807)
Total assets less current liabilities: (2,664) ( 3,053)
Total net assets (liabilities): (2,664) (3,053)
Members' funds
Profit and loss account: (2,664) ( 3,053)
Total members' funds: ( 2,664) (3,053)

The notes form part of these financial statements

TAMWORTH RADIO BROADCASTING CIC

Balance sheet statements

For the year ending 31 March 2024 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 17 November 2024
and signed on behalf of the board by:

Name: A Farrell
Status: Director

The notes form part of these financial statements

TAMWORTH RADIO BROADCASTING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 15% reducing balance method.

TAMWORTH RADIO BROADCASTING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

TAMWORTH RADIO BROADCASTING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 11,949 11,949
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 11,949 11,949
Depreciation
At 1 April 2023 10,195 10,195
Charge for year 263 263
On disposals
Other adjustments
At 31 March 2024 10,458 10,458
Net book value
At 31 March 2024 1,491 1,491
At 31 March 2023 1,754 1,754

TAMWORTH RADIO BROADCASTING CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 5,246 5,200
Total 5,246 5,200

COMMUNITY INTEREST ANNUAL REPORT

TAMWORTH RADIO BROADCASTING CIC

Company Number: 06480432 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company has provided local radio broadcasting service for the community of Tamworth. We are the only radio station, either community or commercial, to broadcast for and also be based out of the area. We have provided free detailed broadcasting training to members of the local community within our radio skills course, specifically with young people and this has enabled some of our members to go on to gain commercial employment within the industry. All of our radio presenters are also members of the local community who volunteer their time to help and support with the running of the station. We also provided free radio broadcasting services in the form of outside broadcasts to local community groups with the area to provide them with free publicity in the form of a presenter doing a live radio show for their event. We also provided free advertising for community groups and charities who do not wish to have the full event system in the form of recorded adverts which are played during our shows transmissions.

Consultation with stakeholders

Our stakeholders are members of the Tamworth Community and also our volunteer members. Members of the community are able to leave feedback about the station online on our community forum or by email. We held meetings with our membership base twice in the year to discuss the direction of the company and for them to be able to influence this.

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
17 November 2024

And signed on behalf of the board by:
Name: A Farrell
Status: Director