GREENWICH MEDIA C.I.C.

Company Registration Number:
09596570 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

GREENWICH MEDIA C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

GREENWICH MEDIA C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 11,848 12,223
Cost of sales: ( 765 ) ( 1,320 )
Gross profit(or loss): 11,083 10,903
Administrative expenses: ( 12,689 ) ( 17,041 )
Operating profit(or loss): (1,606) (6,138)
Profit(or loss) before tax: (1,606) (6,138)
Profit(or loss) for the financial year: (1,606) (6,138)

GREENWICH MEDIA C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 2,700 4,030
Total fixed assets: 2,700 4,030
Creditors: amounts falling due within one year: 4 ( 13,230 ) ( 13,423 )
Net current assets (liabilities): (13,230) (13,423)
Total assets less current liabilities: (10,530) ( 9,393)
Creditors: amounts falling due after more than one year: 5 ( 5,167 ) ( 4,699 )
Total net assets (liabilities): (15,697) (14,092)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (15,698 ) (14,093 )
Total Shareholders' funds: ( 15,697 ) (14,092)

The notes form part of these financial statements

GREENWICH MEDIA C.I.C.

Balance sheet statements

For the year ending 31 May 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 26 February 2025
and signed on behalf of the board by:

Name: Duncan Martin
Status: Director

The notes form part of these financial statements

GREENWICH MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 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

GREENWICH MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

GREENWICH MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 4,030 4,030
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 4,030 4,030
Depreciation
At 1 June 2023 0 0
Charge for year 1,330 1,330
On disposals
Other adjustments
At 31 May 2024 1,330 1,330
Net book value
At 31 May 2024 2,700 2,700
At 31 May 2023 4,030 4,030

GREENWICH MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 13,230 13,423
Total 13,230 13,423

GREENWICH MEDIA C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 2023
£ £
Bank loans and overdrafts 5,167 4,699
Total 5,167 4,699

COMMUNITY INTEREST ANNUAL REPORT

GREENWICH MEDIA C.I.C.

Company Number: 09596570 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Greenwich Media C.I.C runs a community radio licence in the London Borough of Greenwich. The company improves the sense of connection between people in the community, helping them to engage with activities and meet new people, and enables them to better understand the perspectives and behaviours of different groups, through the medium of radio. Through our broadcast service, known as Maritime Radio, we do the following: Local news, traffic and travel updates events listing, sports discussion programme and Nepali community news as well as features from local events. Maritime Radio will broadcast a minimum of 12 hours of original output each day, with scope to broadcast more outside of peak hours. There will be at least 15 hours of locally produced output daily. The studio is based in Shooters Hill, which is strategic in allowing our signal to reach most of the borough. The service provides a range of community benefits (social gain objectives mandated by statute) for the target community, both on-air and off-air, and in doing so, achieves the following objectives: The facilitation of discussion and the expression of opinion: We will encourage listeners and the community to engage with us, either on air or behind the scenes. Contact lines will be provided clearly – including phone/text numbers, email addresses and social media details, at easy reach to the audience. The provision (whether by means of programmes included in the service or otherwise) of education or training to individuals not employed by the person providing the service: Regular training in end-to-end radio production and station administration will be given to all groups and individuals involved with our service. The better understanding of the particular community and the strengthening of links within it. Through the groups we will be working alongside, we have direct access to understanding the needs of the community we serve and will fulfill these needs through identifying these. Members of the target community contribute to the operation and management of the service. The community will have direct access to our resources and will be able to get involved to contribute to the service provided, either through programme making or management of the service. The service has mechanisms in place to ensure it is accountable to its target community. In 2023/24 we have grown our audience locally, which we have measured through our contact channels and have been awarded a digital radio licence, to begin in 2025, making our activities available to a greater number of people.

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
26 February 2025

And signed on behalf of the board by:
Name: Duncan Martin
Status: Director