FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06419058 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Laura Marjorie Locke
David Terence Francis
Neville John Stein
Jamie Versey
David Stuart Melton


The directors shown below have held office during the period of
1 January 2024 to 10 May 2024

David Neil Hughes
David Arthur Hunt


The director shown below has held office during the period of
10 June 2024 to 31 December 2024

Kasey Brown


Secretary Stephanie Collin

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
6 June 2025

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

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 9,244 9,871
Cost of sales: ( 3,883 ) ( 1,407 )
Gross profit(or loss): 5,361 8,464
Administrative expenses: ( 6,813 ) ( 7,237 )
Other operating income: 1,000
Operating profit(or loss): (452) 1,227
Profit(or loss) before tax: (452) 1,227
Tax: ( 69 )
Profit(or loss) for the financial year: (521) 1,227

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,135 4,552
Total fixed assets: 4,135 4,552
Current assets
Cash at bank and in hand: 7,891 8,779
Total current assets: 7,891 8,779
Creditors: amounts falling due within one year: 4 ( 475 )
Net current assets (liabilities): 7,891 8,304
Total assets less current liabilities: 12,026 12,856
Accruals and deferred income: ( 550 ) ( 858 )
Total net assets (liabilities): 11,476 11,998
Members' funds
Profit and loss account: 11,476 11,998
Total members' funds: 11,476 11,998

The notes form part of these financial statements

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 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 6 June 2025
and signed on behalf of the board by:

Name: Neville John Stein
Status: Director

The notes form part of these financial statements

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 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

    Fixtures & fittings depreciation policy: 25% reducing balance Studio Equipment depreciation policy: useful economic life estimated at 5 years, 20% straight line.

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 2,724 10,577 13,301
Additions 687 687
Disposals
Revaluations
Transfers
At 31 December 2024 3,411 10,577 13,988
Depreciation
At 1 January 2024 408 8,341 8,749
Charge for year 545 559 1,104
On disposals
Other adjustments
At 31 December 2024 953 8,900 9,853
Net book value
At 31 December 2024 2,458 1,677 4,135
At 31 December 2023 2,316 2,236 4,552

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

  2023
  £
Taxation and social security 475
Total   475

COMMUNITY INTEREST ANNUAL REPORT

FELIXSTOWE RADIO COMMUNITY INTEREST COMPANY

Company Number: 06419058 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

In this reporting period the company has continued to operate a significant recording schedule and continues to produce unique and original shows covering many musical genres including pop, jazz, classical and americana. Many shows also include a significant amount of local interest with many presenters frequently inviting local residents and business people in the catchment area to appear on their shows. In addition to developing strong links with the community via radio shows the company has also engaged in more outside broadcasts, made possible with the addition of some new equipment. Our radio schedule is designed to be diverse including specific programming focused on women’s issues and regular religious programmes too. The music content is varied ranging from classic pop hits from the last 6 decades along with niche programmes enabling the listener to experience a wide variety of music not available on mainstream channels. The company continues to have representation at local community and business events.

Consultation with stakeholders

Stakeholders of this CIC include listeners, presenters, support personnel, advertisers, and representatives of local community organisations, the local authority and the town council. All presenters and support personnel at the station are volunteers who engage with the station via social media. Listeners engage with the station through social media and are also encouraged to engage in ‘phone in’s’, pre-recorded interviews and being interview live on air. Many of our presenters have long established social networks in the town and are able to use these to add value to the listener experience.

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
6 June 2025

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