CARE RADIO CIC

Company Registration Number:
12266313 (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

CARE RADIO CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CARE RADIO CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 286 622
Total fixed assets: 286 622
Current assets
Debtors: 4 981 3,208
Cash at bank and in hand: 464
Total current assets: 981 3,672
Creditors: amounts falling due within one year: 5 ( 17,260 ) ( 27,009 )
Net current assets (liabilities): (16,279) (23,337)
Total assets less current liabilities: (15,993) ( 22,715)
Total net assets (liabilities): (15,993) (22,715)
Capital and reserves
Called up share capital: 60 60
Profit and loss account: (16,053 ) (22,775 )
Total Shareholders' funds: ( 15,993 ) (22,715)

The notes form part of these financial statements

CARE RADIO 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 11 March 2025
and signed on behalf of the board by:

Name: Nicola Murgatroyd
Status: Director

The notes form part of these financial statements

CARE RADIO 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery - 33% - Straight Line

CARE RADIO 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

CARE RADIO 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 1,018 1,018
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 1,018 1,018
Depreciation
At 1 April 2023 396 396
Charge for year 336 336
On disposals
Other adjustments
At 31 March 2024 732 732
Net book value
At 31 March 2024 286 286
At 31 March 2023 622 622

CARE RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 3
Other debtors 981 3,205
Total 981 3,208

CARE RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 3,500 18,789
Other creditors 13,760 8,220
Total 17,260 27,009

COMMUNITY INTEREST ANNUAL REPORT

CARE RADIO CIC

Company Number: 12266313 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Care Radio's target audience is that of carers, made up of staff working in the NHS and in other care environments, as well as the millions of unpaid carers. This is a huge cohort of just over nine million people. Everyone working on Care Radio has volunteered their time and energy free of charge to say thank you and support those who have given so much; many of our volunteers also have their own personal stories of care to share with our listeners. We broadcast a dedicated 24/7 nationwide radio station using a mix of popular music, listener voices, experts, advocates and relatable presenters to deliver a positive message of support, comfort and companionship, as well as light relief, for care workers and their families. The aim is to support the emotional well-being of care workers by signposting the support available, sharing problems and concerns, lifting spirits with stories and with celebrations of achievement, and creating a feeling of not ‘being in it alone’. The public are invited to express their empathy and support through Care Radio’s specially designed programs with their kind words, deeds and offers of help in a variety of ways. We channel any donations, promotions, special offers, gifts, freebies, incentives and thankyous to the NHS and the care sector. These come from businesses and their corporate social responsibility programmes as well as from individuals. We continue to receive immense support from presenters, producers, journalists and creatives as well as suppliers donating the services, supplies and the licences we require to continue our work.

Consultation with stakeholders

Care Radio is led by industry experts from the radio and care sectors. In addition, the board, which was brought together for their considerable experience in both sectors, includes: Hedley Finn OBE, Chair Hedley is a design consultant specialising in Dementia Care environments and End of Life care. Having worked with over 230 NHS organisations, prisons and hospices, Hedley works in collaboration with a number of other specialists delivering these services. He also teaches on various developmental and educational programmes in the NHS and health sector, as well as supporting various NHS trusts, a cohort of hospices and a number of other third sector organisations. Hedley was a founding Trustee of the National Network for Arts in Health. He is a Trustee for Surrey Supported Employment, Chair of The Lucie Blackman Trust and the Missing Abroad charity. He is also the founder and President of Radio Lollipop International that has been in operation for 40 years and has now worked daily in support of over 10.5 million sick children across 37 hospitals in five countries including South Africa. Radio Lollipop is an entirely volunteer led organisation. Nicola Murgatroyd, CEO Nicola established, and sold to private equity, a company successful in the Pharmaceutical sector, and is now CEO of Kuradocs Ltd, a company dedicated to providing support for carers through providing digital tools that support proactive care. Her personal experiences as a parent carer gave her first-hand insight into the problems and challenges faced by carers. She says “we can never be fully prepared for what life will throw at us but we can put ourselves in a better position to cope. Care Radio is a fantastic initiative that brings carers together. The team at Care Radio are inspiring, I’m so proud to be part of this unrivalled support for carers everywhere.” Nigel Murgatroyd - Director Nigel has spent most of his life working in the oil, gas and then pharmaceutical industries, negotiating large contracts. In recent years he was a carer for his elderly parents. Now retired, he says “anyone of us can become a carer at any time, and there are now more carers than ever, I am absolutely delighted to have this opportunity to support these wonderful people who have for so long, not had the recognition they deserve'. John Dash - Director John has a successful 40 year career in UK radio. He’s been, uniquely, twice honoured with a Fellowship of the industry body, the Radio Academy, He’s run the output on many of the UK’s most successful radio stations including Manchester’s Piccadilly Radio and Glasgow’s Radio Clyde. He now runs his own successful consultancy business with clients that include the BBC and British Forces Broadcasting. He’s been a judge for the Sony Radio Awards, the Audio & Radio Industry Awards, the Student Radio Awards, the Community Radio Awards and Independent Radio News Awards. He’s also been the Chair of Radio Lollipop UK, and the former Wales Chair of Variety, the Children’s Charity. Gary Robinson - Director Gary is a trusted communications advisor, consultant, and broadcaster, with over thirty years-experience in the media industry. He has passion for effective communication. As a trainer, he has written, designed, and delivered courses for industries as diverse as engineering, hospitality, law, construction, and retail working with leaders and their teams in the UK, Europe, and the Far East. As MD, he’s led teams and delivered significant organisational change at five different radio stations across the UK. He’s worked with clients in Europe and Asia as well as presenting communication development workshops for students at the University of Dundee, Strathallan School, Glenalmond College and Kinross High School. He currently also works in the care sector. We also consult with over fifty volunteers from the broadcast sector, all of whom have a personal or professional connection with care, and all of whom play an important role as consultants for Care 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
10 March 2025

And signed on behalf of the board by:
Name: John Dash
Status: Director