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# FURNESS BROADCAST MEDIA CIC

## Company limited by guarantee

## Company Registration Number:
11022070 (England and Wales)

## Unaudited statutory accounts for the year ended 31 October 2025

## Period of accounts

## Start date: 1 November 2024

## End date: 31 October 2025

# FURNESS BROADCAST MEDIA CIC

## Contents of the Financial Statements

for the Period Ended 31 October 2025

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

# FURNESS BROADCAST MEDIA CIC

Directors' report period ended 31 October 2025

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

Principal activities of the company

The principal activity of the company in the year under review was that of a local radio broadcast which also educates and supports the local community.

Additional information

REVIEW OF BUSINESS The business has demonstrated a significant impact on the community through extensive volunteer engagement and robust partnerships with local organisations with the directors being committed to ensuring the long term sustainability and growth of our community radio station, CANDOFM. FUTURE DEVELOPMENTS To further secure and expand our capacity for community service, the directors are investigating seeking application to become a Charitable Incorporated Organisation (CIO). This transition aligns with the substantial amount of charity work undertaken by the company, including physical and mental health initiatives, educational outreach and support for disadvantaged community members. This change would enhance the company's ability to attract funding, improve credibility and provide for additional benefits that will support the company mission to enrich the lives of our listeners and participants.

Directors

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

Mr J G Williams
Mrs A Williams
Mr I Cotgrave
Mr C E Macwhannell
Ms L Jones

The director shown below has held office during the period of
1 November 2024 to 6 November 2024

Mr M Hartley

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
8 May 2026

And signed on behalf of the board by:
Name: Mr J G Williams
Status: Director

# FURNESS BROADCAST MEDIA CIC

## Profit And Loss Account

for the Period Ended 31 October 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 146,640 | 127,725
Cost of sales: | ( 38,255 ) | ( 32,537 )
Gross profit(or loss): | 108,385 | 95,188
Administrative expenses: | ( 90,152 ) | ( 66,601 )
Operating profit(or loss): | 18,233 | 28,587
Interest payable and similar charges: |  | ( 2,040 )
Profit(or loss) before tax: | 18,233 | 26,547
Profit(or loss) for the financial year: | 18,233 | 26,547

# FURNESS BROADCAST MEDIA CIC

## Balance sheet

As at 31 October 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 24,061 | 14,179
Total fixed assets: |  | 24,061 | 14,179
Current assets
Debtors: | 4 | 12,305 | 22,256
Cash at bank and in hand: |  | 87,052 | 51,340
Total current assets: |  | 99,357 | 73,596
Creditors: amounts falling due within one year: | 5 | ( 39,131 ) | ( 21,721 )
Net current assets (liabilities): |  | 60,226 | 51,875
Total assets less current liabilities: |  | 84,287 | 66,054
Total net assets (liabilities): |  | 84,287 | 66,054
Members' funds
Profit and loss account: |  | 84,287 | 66,054
Total members' funds: |  | 84,287 | 66,054

The notes form part of these financial statements

# FURNESS BROADCAST MEDIA CIC

## Balance sheet statements

For the year ending 31 October 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 8 May 2026
and signed on behalf of the board by:

Name: Mr J G Williams
Status: Director

The notes form part of these financial statements

# FURNESS BROADCAST MEDIA CIC

## Notes to the Financial Statements

for the Period Ended 31 October 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

  Turnover represents net invoiced sales of services as adjusted for accrued income, excluding VAT and as adjusted for deferred income.

  Tangible fixed assets depreciation policy

  Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery- 15% on cost

  Other accounting policies

  Government grants Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

# FURNESS BROADCAST MEDIA CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# FURNESS BROADCAST MEDIA CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 November 2024 |  | 25,528 |  |  |  | 25,528
Additions |  | 16,079 |  |  |  | 16,079
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 October 2025 |  | 41,607 |  |  |  | 41,607
Depreciation |  |  |  |  |  |
At 1 November 2024 |  | 11,349 |  |  |  | 11,349
Charge for year |  | 6,197 |  |  |  | 6,197
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 October 2025 |  | 17,546 |  |  |  | 17,546
Net book value |  |  |  |  |  |
At 31 October 2025 |  | 24,061 |  |  |  | 24,061
At 31 October 2024 |  | 14,179 |  |  |  | 14,179

# FURNESS BROADCAST MEDIA CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 12,305 | 22,256
Total | 12,305 | 22,256

# FURNESS BROADCAST MEDIA CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 188 | 0
Accruals and deferred income | 38,943 | 20,199
Other creditors |  | 1,522
Total | 39,131 | 21,721

# COMMUNITY INTEREST ANNUAL REPORT

### FURNESS BROADCAST MEDIA CIC

### Company Number: 11022070 (England and Wales)

### Year Ending: 31 October 2025

Company activities and impact

CANDOFM continues to deliver a relevant and distinctive community FM and online radio service to the Furness area, holding community radio licences for Barrow-in-Furness and Ulverston and reaching across South Cumbria and North Lancashire. The station is primarily run by community participants and volunteers, providing opportunities to combat social isolation, enhance self-esteem, and develop new and transferable skills. Programming is shaped by and for the community, covering local issues, news, current affairs, music, culture, and the interests of people of all ages and backgrounds. Hospital radio and health-related broadcasting As a recognised Hospital Radio service, the station has continued during the year to bring relief from sickness, infirmity, and the effects of old age to people living in and visiting the Furness area, by providing a local broadcasting service to hospitals, retirement settings, virtual ward attendees, and individuals in mental health recovery. Programming and partnership work with St Mary’s Hospice, Mind in Furness, and the Furness Social Prescribing team has continued throughout the year. Young People’s Radio Project and schools work The Young People’s Radio Project has continued to grow, with radio clubs delivered across eight schools in Barrow, Dalton and Ulverston by two dedicated youth workers. During the year the station also delivered a commissioned media skills workshop programme (“Our Voices”) for children and young people in foster care aged 10–14, in partnership with Children’s Services at Westmorland and Furness Council. Work experience placements continued for young people, including those considered vulnerable or NEET, with several participants progressing into mentoring roles within the station. Community events and recognition During the financial year, the station played a significant role in major community events, including main-stage organisation for Dave Day 2025 at Barrow Town Hall car park, support for the Barrow Soapbox Challenge, the Festival of Transport, and the Dalton Christmas Lights Switch-On. CANDOFM also contributed to the civic programme around His Majesty The King’s visit to Barrow and the associated royal title campaign, reflecting the station’s established role in the cultural life of the town. Funding, partnerships and infrastructure Grant-funded community projects continue to represent the principal source of income, with grants accounting for approximately 80% of overall income. During the year the company successfully delivered and reported on funded projects including the BAE Systems Marine Social Enterprise Fund project and a Westmorland & Furness Council community grant, alongside ongoing reporting against the Ofcom Community Radio Fund. Further applications were progressed to support sustainable future activity, including the Strategic Priorities Fund (covering an SSDAB installation, the Team Barrow Social Impact Fund, BBC Children in Need, Sir John Fisher Foundation, and the Westmorland Association for Furness Regional Economic Prosperity Fund. Planning work also progressed on a solar-powered SSDAB transmitter site at High Haume Farm, Dalton-in-Furness. Support and access Non-profit organisations, charities and individuals with a worthy local cause continued to receive air time without charge. Local businesses wishing to advertise or sponsor the station benefited from significantly reduced rates designed to keep access affordable. The station continued to operate from accommodation provided by Barrow Borough Council in the town centre, with 24/7 volunteer access, and remains disabled-friendly registered.

Consultation with stakeholders

Furness Broadcast Media CIC, operating as CANDOFM, engages with a wide range of stakeholders integral to its mission. The board comprises four directors, who meet regularly with discussions captured in minutes. Strategy and community engagement remain standing items, ensuring decisions reflect the needs of the communities served by the station. Listeners and members of the wider community are engaged through FM and online broadcasts and through the station’s social media presence, which provides a continuous source of feedback informing programming choices and on-air output. The station’s volunteer team, numbering approximately 50, is the operational heart of CANDOFM. A private online forum is used for general discussion, technical support, event coordination and the raising of operational issues, ensuring volunteers have a meaningful voice in how the service is run. Volunteer feedback during the year has shaped scheduling, training provision, and the day-to-day management of studio access. Health and wellbeing partners include St Mary’s Hospice, Mind in Furness, and the Furness Social Prescribing team. Feedback from these partners has guided the station’s health-related programming and accessibility initiatives, including programming aimed at hospital patients, the housebound, and those in care settings. Education stakeholders include eight local primary and secondary schools across Barrow, Dalton and Ulverston, hosting radio clubs delivered by the station’s two youth workers. Feedback from teaching staff and from young participants has shaped both the structure of the radio clubs and the focus of related outreach events. The Children’s Services team at Westmorland and Furness Council was a key stakeholder during the year through the commissioned “Our Voices” media skills workshop for children in foster care. Civic and statutory stakeholders include Barrow Borough Council and Westmorland and Furness Council, which provide the station’s town-centre accommodation and have supported community grant funding during the year. Cumbria Police remain a long-standing partner on issues affecting victims of crime and antisocial behaviour. Funder stakeholders consulted during the year include the Ofcom Community Radio Fund, BAE Systems (through the Marine Social Enterprise Fund), Children in Need, Sir John Fisher Foundation, the Team Barrow Social Impact Fund, and the Westmorland Association for Furness Regional Economic Prosperity Fund. In response to stakeholder feedback during the year, the station has continued to develop the Young People’s Radio Project, expanded health-related and accessibility programming, refined volunteer governance and communications, and progressed planning work towards a solar-powered SSDAB transmitter site. Engagement with stakeholders is ongoing and informs the company’s strategic planning.

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
8 May 2026

And signed on behalf of the board by:
Name: Mr J G Williams
Status: Director