MID SUSSEX RADIO CIC

Company limited by guarantee

Company Registration Number:
10003607 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

MID SUSSEX RADIO CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

MID SUSSEX RADIO CIC

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The principle activity of the company continue to be that of radio broadcasting.



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Mr D Whaley
Mr S J Bird
Mr A F Parris


The director shown below has held office during the period of
1 April 2024 to 1 July 2024

Mrs J W holden


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
1 May 2025

And signed on behalf of the board by:
Name: Mr S J Bird
Status: Director

MID SUSSEX RADIO CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 28,812 40,794
Cost of sales: ( 800 ) ( 3,450 )
Gross profit(or loss): 28,012 37,344
Administrative expenses: ( 26,321 ) ( 23,684 )
Operating profit(or loss): 1,691 13,660
Interest receivable and similar income: 45
Interest payable and similar charges: ( 114 ) ( 154 )
Profit(or loss) before tax: 1,622 13,506
Tax: 45 39
Profit(or loss) for the financial year: 1,667 13,545

MID SUSSEX RADIO CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 0 225
Total fixed assets: 0 225
Current assets
Debtors: 4 3,136 2,027
Cash at bank and in hand: 6,513 9,784
Total current assets: 9,649 11,811
Creditors: amounts falling due within one year: 5 ( 13,154 ) ( 15,277 )
Net current assets (liabilities): (3,505) (3,466)
Total assets less current liabilities: (3,505) ( 3,241)
Creditors: amounts falling due after more than one year: 6 ( 1,603 ) ( 3,489 )
Provision for liabilities: ( 45 )
Total net assets (liabilities): (5,108) (6,775)
Members' funds
Profit and loss account: (5,108) ( 6,775)
Total members' funds: ( 5,108) (6,775)

The notes form part of these financial statements

MID SUSSEX RADIO CIC

Balance sheet statements

For the year ending 31 March 2025 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 1 May 2025
and signed on behalf of the board by:

Name: Mr S J Bird
Status: Director

The notes form part of these financial statements

MID SUSSEX RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 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

    Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 25% on cost Fixtures and fittings 20% on cost

MID SUSSEX RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 3

MID SUSSEX RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 25,034 25,034
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 25,034 25,034
Depreciation
At 1 April 2024 24,809 24,809
Charge for year 225 225
On disposals
Other adjustments
At 31 March 2025 25,034 25,034
Net book value
At 31 March 2025 0 0
At 31 March 2024 225 225

MID SUSSEX RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Trade debtors 1,286 902
Prepayments and accrued income 1,576 1,125
Other debtors 274
Total 3,136 2,027

MID SUSSEX RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 2,000 2,000
Trade creditors 9,604 9,476
Taxation and social security 421
Accruals and deferred income 500 500
Other creditors 1,050 2,880
Total 13,154 15,277

MID SUSSEX RADIO CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

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

2025 2024
£ £
Bank loans and overdrafts 1,603 3,489
Total 1,603 3,489

COMMUNITY INTEREST ANNUAL REPORT

MID SUSSEX RADIO CIC

Company Number: 10003607 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

We've provided music and presenters at more than 25 local events including several school fetes and fayres, the Burgess Hill and Hayward's Heath Marathons, the Burgess Hill Bike Ride, 'Party in the Park' in St John's Park, Burgess Hill, Woodlands Meed School Fireworks and the six weekends leading up to Christmas we provided space in our studio premises for the local Lions Club's Santa Grotto, helping to raise more than £1600 for a special needs school in our town. We have continued to build on our strong links with local schools, including special needs schools and provided students with studio facilities to enable them to make broadcasts. Our hourly on-air Events Guide has mentioned more than 250 local events over a wide range of subjects and in many cases we have recorded 'promos' for broadcast to promote events still further. All of these 'promos' have been at no charge to charities and not-for-profit groups. We have trained seven radio presenters mostly from completely new to radio although one trainee had some experience of Hospital Radio. We continue to be approached by new volunteers and have several potential radio stars waiting for training courses.

Consultation with stakeholders

We are located in a shop unit within the town's shopping precinct and the public are actively encouraged to come in to our reception area and drop off information about local events and give feedback. There are large windows between the reception area and the studios, and members of the public are encouraged to watch our team at work producing and presenting a radio show. The radio station has an 'open door' policy and we offer opportunities for anyone to broadcast (subject to certain terms and conditions to comply with Ofcom guidelines). Many people have requested air time to promote their charity event or similar and we have responded with invitations for interviews, the recording and subsequent broadcast of promotional trails for the forthcoming events, which are repeated at intervals up until the event takes place. Generally, feedback has been positive and we have doubled our social media 'page likes'. Any negative comments have been addressed and, where appropriate, we have made changes to our programming to better reflect the expectations of our listeners

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
1 May 2025

And signed on behalf of the board by:
Name: Mr S J Bird
Status: Director