TROSSACHS RADIO CIC

Company limited by guarantee

Company Registration Number:
SC752454 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 7 December 2022

End date: 31 December 2023

TROSSACHS RADIO CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

TROSSACHS RADIO CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
7 December 2022 to 31 December 2023

Edward Andrew Cullum
Linday Aitchison


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
25 November 2024

And signed on behalf of the board by:
Name: Edward Andrew Cullum
Status: Director

TROSSACHS RADIO CIC

Profit And Loss Account

for the Period Ended 31 December 2023

13 months to 31 December 2023


£
Cost of sales: ( 985 )
Gross profit(or loss): (985)
Administrative expenses: ( 1,640 )
Other operating income: 45
Operating profit(or loss): (2,580)
Profit(or loss) before tax: (2,580)
Profit(or loss) for the financial year: (2,580)

TROSSACHS RADIO CIC

Balance sheet

As at 31 December 2023

Notes 13 months to 31 December 2023


£
Current assets
Debtors: 3 236
Cash at bank and in hand: 14
Total current assets: 250
Creditors: amounts falling due within one year: 4 ( 2,830 )
Net current assets (liabilities): (2,580)
Total assets less current liabilities: (2,580)
Total net assets (liabilities): (2,580)
Members' funds
Profit and loss account: (2,580)
Total members' funds: ( 2,580)

The notes form part of these financial statements

TROSSACHS RADIO CIC

Balance sheet statements

For the year ending 31 December 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 25 November 2024
and signed on behalf of the board by:

Name: Edward Andrew Cullum
Status: Director

The notes form part of these financial statements

TROSSACHS RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

TROSSACHS RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    13 months to 31 December 2023
    Average number of employees during the period 0

TROSSACHS RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

13 months to 31 December 2023
£
Other debtors 236
Total 236

TROSSACHS RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

13 months to 31 December 2023
£
Accruals and deferred income 595
Other creditors 2,235
Total 2,830

TROSSACHS RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Loans to directors

Name of director receiving advance or credit: Edward Andrew Cullum
Description of the transaction:
Directors' Loan Accounts
£
Balance at
Advances or credits made: 2,462
Advances or credits repaid: 227
Balance at 31 December 2023 2,235

COMMUNITY INTEREST ANNUAL REPORT

TROSSACHS RADIO CIC

Company Number: SC752454 (Scotland)

Year Ending: 31 December 2023

Company activities and impact

The company was incorporated in Dec 2022 and during 2023 continually provided an online community radio service for the Lock Lomond and The Trossachs National Park Area. The station was founded because of COVID impacts and recognised the need to provide local news and information to an area not served by other distant local radio stations. - The station operated from the Director's home during the entirety of 2023 yet broadcast a continuous service 24 hours a day providing local information and details of community events across the Trossachs. - The service was broadcast online at www.trossachsradio.com and via multiple apps and smart speakers (Deezer, My Tuner, Radio UK and many more). - A unique Trossachs Radio app was launched in Q4 of 2023, allowing people to listen to our programmes while on the move and to be able to directly contact the station or use our pages on social media platforms. - Local travel news bulletins and weather forecasts were broadcast regularly throughout the day. - Residents from the Trossachs and other parts of Scotland (Killin and Callander areas plus Inverness) presented regular weekly programmes to entertain and inform people in the community. - National News was provided on a regular basis using Radio News Hub based in Leeds. - Weekly political programming was provided by Caledonia Media based in Queensferry, Scotland. - The stations was funded entirely by the Director's personal income. We anticipate this to change by completing funding applications and producing radio commercials for advertisers.

Consultation with stakeholders

Our key stakeholders are our listeners - organisation and members of the public. During 2023, our audience listening hours grew by 28.4% per month, from 850 hours in January 2023 to 2,990 by the end of December 2023. This recognised a modest but progressive growth of the station and our continuing attempts to reach out to the community. We anticipate larger audience reach during 2024. Feedback from listeners has been given. The public want us to have a focal point making it easier to meet our listeners. It is the aspiration of the station to open a new public studio premises in a prominent part of the Trossachs to reach a larger potential audience. This will also enable us to reach out to politicians, dignitaries, schools and the wider public to broadcast live and recorded interviews. We also aim to reach local businesses and offer them a new advertising medium to reach customers via commercials produced by Trossachs Radio.

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
25 November 2024

And signed on behalf of the board by:
Name: Edward Andrew Cullum
Status: Director