CHILTERN VOICE C.I.C.

Company Registration Number:
10102193 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

CHILTERN VOICE C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

CHILTERN VOICE C.I.C.

Directors' report period ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal activities of the company

The directors present their report and the unaudited financial statements for the period ended 30 April 2024. Activity Chiltern Voice C.I.C. holds the Ofcom Community FM Radio Licence to provide community broadcasting to the Chilterns, primarily Chesham, Amersham Great Missenden and the surrounding towns and villages. The C.I.C. operates on a not-for-profit basis with all its Directors, Shareholders, Members and Volunteers operating on an unpaid voluntary basis. Incorporation The company was incorporated as Chiltern Voice Ltd. on 4 April 2016 and commenced trading on the same date. To better reflect the nature of the organisation as an Ofcom licensed community station, run by unpaid volunteers the management team and directors agreed that the organisation should transition from a Limited Company to a Community Interest Company. The management team and the directors approved the transition on 20 February 2023 and subsequently the member’s constitution was amended and approved by the members at an AGM held on 8 March 2023. On 10 Mar 2023 the name (and legal basis) was approved by the regulator and changed to Chiltern Voice C.I.C. This is our first full financial year of operating and reporting as a CIC. Registered address As part of this restructure, and to ensure future viability by reducing the rent we were paying, the organisation moved its location in January 2023. This meant committing to building two new broadcast studios at the new address; however the reduction in our rental outgoings meant the studio build cost was recovered by August 2023. Directors The directors who served during the period were: * Paul Simmonds (Appointment on 17 November 2022) * Emily Anna Louise Culverhouse (Appointment on 17 November 2022) This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime. This report was approved by the board on 22 January 2025 and signed on its behalf. Paul Simmonds (Director)

Political and charitable donations

Chiltern Voice C.I.C. made no political and charitable donations during the period reported.

Company policy on disabled employees

Chiltern Voice C.I.C. as a voluntary organisation consists of unpaid volunteers and has no employees, disabled or otherwise.

Additional information

For the year ending 30 April 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 Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the provisions applicable to the small company regime.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 30 April 2024

Paul Simmonds
Emily Anna Louise Culverhouse


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
22 January 2025

And signed on behalf of the board by:
Name: Paul Simmonds
Status: Director

CHILTERN VOICE C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 14,563 6,247
Cost of sales: 0 0
Gross profit(or loss): 14,563 6,247
Distribution costs: 0 0
Administrative expenses: ( 16,102 ) ( 10,282 )
Other operating income: 696 1,258
Operating profit(or loss): (843) (2,777)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (843) (2,777)
Tax: 0 0
Profit(or loss) for the financial year: (843) (2,777)

CHILTERN VOICE C.I.C.

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Called up share capital not paid: 3 3
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 9,624 6,891
Investments:   0 0
Total fixed assets: 9,624 6,891
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 555 1,397
Investments:   0 0
Total current assets: 555 1,397
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 9,521 ) ( 9,562 )
Net current assets (liabilities): (8,966) (8,165)
Total assets less current liabilities: 661 ( 1,271)
Creditors: amounts falling due after more than one year: 5 ( 1,501 ) ( 1,501 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (840) (2,772)
Capital and reserves
Called up share capital: 3 3
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (843 ) (2,775 )
Total Shareholders' funds: ( 840 ) (2,772)

The notes form part of these financial statements

CHILTERN VOICE C.I.C.

Balance sheet statements

For the year ending 30 April 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 22 January 2025
and signed on behalf of the board by:

Name: Paul Simmonds
Status: Director

The notes form part of these financial statements

CHILTERN VOICE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 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

    Tangible fixed assets (broadcast electronics and computing equipment) is distracted at 25% per annum

CHILTERN VOICE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CHILTERN VOICE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 6,891 6,891
Additions 4,456 4,456
Disposals
Revaluations
Transfers
At 30 April 2024 11,347 11,347
Depreciation
At 1 May 2023 0 0
Charge for year 1,723 1,723
On disposals
Other adjustments
At 30 April 2024 1,723 1,723
Net book value
At 30 April 2024 9,624 9,624
At 30 April 2023 6,891 6,891

CHILTERN VOICE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 9,521 9,562
Total 9,521 9,562

CHILTERN VOICE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Other creditors 1,501 1,501
Total 1,501 1,501

COMMUNITY INTEREST ANNUAL REPORT

CHILTERN VOICE C.I.C.

Company Number: 10102193 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Chiltern Voice operates a broadcast radio service with an Ofcom community licence, broadcasting on 107.4FM to Amersham, Chesham and the surrounding towns and villages of the Chilterns. We operate as a not-for-profit, with all station members being unpaid volunteers. Currently we are not even able to pay out-of-pocket expenses, though this is an aspiration when finances improve. We converted to a CIC from a Limited Company in January 2023 (mid-way through our 2022-23 financial reporting period); thus, this our first full year operating as a CIC. In addition to our existing team of volunteers, we have attracted thirty local people who are in various stages of training to become local radio presenters. We have launched a “Charity of the Month” initiative, starting in April 2023, providing free advertising for the featured charity, as well as featuring them in interviews on-air and also on our web site; (https://www.chilternvoice.fm/charity-of-the-month) and have featured eleven organisation during the period as well as having a strong pipeline of charities wanting to be featured. We provide hyper-local advertising for small and medium size local businesses who could not afford or justify advertising to a regional audience, at a cost that is cheaper than any other local commercial advertising medium. Though, even at these prices, given the current financial outlook for many businesses, it is proving hard to attract advertising or sponsorship. We have supported a wide range of community events, both in publicing that event with local “what’s on” as well as interviews of the event organisers and also interviews live from the events themselves, thus ensuring that local people are aware of local events. We have enhanced our website to allow Local Events, Organisations, Local Information, Services, Young People & Volunteering to submit information which will both populate our web site (as the focal point for anything we mention on-air) but will also deliver a precis for presenters to read out on-air. Finally, we are working with the local community and local government initiatives to better identify areas we can both support and partner with going forwards.

Consultation with stakeholders

Our stakeholders are the people of the Chiltens who listen, or who are prospective listeners to Chiltern Voice. In addition we are reliant on the support of the local councillors and other officials both for support and feedback. We receive ongoing feedback from our members, who are local, at open meetings to discuss programming, fundraising and other community outreach initiatives. We rely on feedback from the various posts on Facebook (both our’s and also the community groups that we feature, and people from organisations that we interview) to provide “grass roots” feedback. Following our first “drinks and nibbles” open house at the end of 2023 where we met and discussed how Chiltern Voice could help to support community events, we were awarded a grant jointly by three Bucks Community Boards (Amersham, Chesham and Great Missenden) to enable us to purchase a set of equipment to take the station out into the community, and provide support for community events. This included key items such as a large PA system, Mixers and Microphones, computers for remote broadcasting (as well as the virtual Studio 3), internet links and the big green (CV branded) gazebo. This has enabled the Chiltern Voice team to commit to supporting fifteen major community events through the forthcoming year. Finally, we receive direct feedback from the general public through our interaction with them at outside broadcasts and other community events. Most recently we did our second - eleven hours of live outside broadcasting at the large Tesco’s superstore enabling us to interact with a wide range of shoppers and gain their feedback.

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 January 2025

And signed on behalf of the board by:
Name: Paul Simmonds
Status: Director