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|---|---|---|---|
|Charity
information||||
|Trustees'
annual
report||||
|Independent
examiner's||report|10|
|Statement
offinancial|activities|||
|Balance sheet|||12|
|Notes to the accounts|||14|
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|xRhythms:||
|---|---|
|Internet:|Our website activity has continued
throughout
the year at around 200,000|
||unique
users. However,
with the retirement
of two core members
of the|
||music
editorial
team, a reduced
amount
of content was published.
The|
||radio station is streamed
online along
with our Listen Again facilities. Our|
||plan isa full repositioning
ofthe main CR website when funds allow.|
|Media Training|We
continue
to
offer
training
and
work
experience
placements
for|
|Centre:|unemployed
youth,
as well as university
and
college
student
interns.|
||There
has
been
a trickle
of these
in 2022. Similarly
through
young|
||contributors
to
our
xRhythms
vision
- bloggers
and
vloggers.
This|
||plafform
offers
many
opportunities
to a whole
new
swathe
of young|
||people to be trained
in video production/presenting,
editing,
interviewing,|
||journalism
and social media
skills and we are rebuilding
the team post|
||COVID. The number
of volunteers
working
with
the
charity
this year|
||dropped to about 100from a normal
pre-covid
level of 160+.|
|Conway House:|Rental
income for use of our premises
is a key support
to the charity.|
||This year
all usable space has been
rented
out to tenants
or used as|
||meeting
room
space
for
our
Wheelhouse
coworking
facility.
We|
||continued
to make
reparations
and decorations
within
the
building
as|
||required.
The rental
income
is included
in the Statement
of Financial|
||Activities under Income from non-charitable
trading
activities.|
|Marketing:|Much of our marketing
is through
partnerships,
being at events,
contra|
||deals
and
through
our
own
media
platforms
eg
the
monthly
Email|
||Communicator,
social media etc.We occasionally
attend events to profile|
||the work.|
|General:|We continued
to campaign
for more
monthly
partners
(Friends)
and|
||donors, as well as numerous
trust applications.
We secured
funding
to|
||employ a first employee
for the station
in Bethlehem.|
|Board membership:|The Board continues
to function
well with trustees
who have expertise
in
donors.|
||key areas and carry that as a specific area of responsibility
in addition
to|
||their collective
responsibility.
In addition,
we have a group of supportive|
||consultants
who support the organisation
as unpaid
volunteers.|
|Trustee Recruitment|Cross Rhythms
selects
known
potential
trustees
to fulfil a specific role|
|and Training:|within the board to provide
levels ofexpertise necessary for the oversight|
||and guidance to comply with our role and responsibilities
on behalf ofthe|
||To ensure
that the potential
trustee
fully understands
the role a pack of|
||information
is
provided
that
directs
them
towards
the
Charity|
||Commissions
guidance
for a well-run
charity
and guidance
for a well-|
||managed
company.
A probationary
period
is required
to allow a time of|
||becoming
aware
of the role and
responsibilities
and after a review
the|
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||||||Total Funds|Total Funds|
|---|---|---|---|---|---|---|
|||Note|Unrestricted|Restricted
f|2022
f|2021f|
|Incoming resources from|||||||
|generated
funds|||||||
|Voluntary
income||2|105,890|42,556|148,446|214,429|
|Activities for generating|||||||
|funds|||||||
|Income from non-charitable
trading
activities||3|59,806|0|59,806|48,180|
|Income from charitable
trading
activities||4|16,543|0|16,543|8,419|
||||76,349|0|76,349|58,599|
|Total incoming resources|||182,239|42,556|224,795|271,028|
|Resources expended|||||||
|Costs ofgeneratlngfunds|||||||
|Costs ofgenerating
voluntary
income||5|4,571|0|4,571|7,245|
|Charitable
activities|||||||
|Costs in furtherance
of
charitable objects||6|125,855|51,803|177,658|233,413|
|Governance
costs||7|5,471|0|5,471|7,285|
|Other resources expended|||||||
|Loan interest payable||8|12,372|0|12,372|10,014|
|Total resources expended||8|148,269|51,803|200,072|257,937|
|Net incomel (expenditure)
the year|for|9|33,970|(9,247)|24,723|13,091|
|Net gain on investments|||0||0||
|Transfers between funds|||2,973|(2,973)|0||
|Other recognised
gains and
losses|||0|0|0||
|Net movement
in funds relating
to the year|||36,943|(12,220)|24,723|13,091|
|Balances brought forward|||375,733|51 682|427,415|414,324|
|Balances carried forward|||412,676|39,462|452,138|427,415|
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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2022|2021|
||||Note|5|5||8|
|Fixed assets||||||||
|Intangible
assets|||10|1,340|16,172|17,512|20,140|
|Tangible assets|||11|359,330|1,324|360,854|364,014|
|Investments|||12|338,000|0|336,000|336,000|
|||||696,670|17,496|714,'I66|720,154|
|Current assets||||||||
|Stock||||0|0|0|0|
|Debtors||||12,442|1,963|14,405|17,469|
|Cash at bank||||0|20,003|20,003|24,354|
|||||12,442|21,966|34,408|41,823|
|Creditors:
within one|Amounts
year|falling due|14|(53,149)|0|(53,149)|(85,986)|
|Net current|liabilities|||(40,707)|21,988|(18,741)|(44,163)|
|Total assets less current
liabilities||||655,963|39,462|695,425|675,991|
|Creditors:
after more|Amounts
than one|falling due
year|15|(243,287)|0|(243,287)|(248,676)|
|Net assets||||412,676|39,462|452,138|427,415|
|Funds||||||||
|Restricted|||16|0|39,462|39,462|51,682|
|Unrestricted||||102,456|0|102,456|65,513|
|Revaluation|reserve|||310,220|0|310,220|310,220|
|Total funds||||412,876|39,462|452,138|427,415|
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||Voluntary
i|ncome||||||
|---|---|---|---|---|---|---|---|
|||||||Total Funds|Total Funds|
|||||||2022|2021|
|||||||F|5|
||Gifts and donations|||||115,828|103,441|
||Gift aid|||||14,415|13,959|
||Grants|||||5,635|40,500|
||Government|Kickstarter Scheme grants||||12,568|56,406|
||Government|Covid support|and job retention||grants|0|123|
|||||||148,446|214,429|
|3|Income from non-charitable|||trading||||
|||||||Total Funds|Total Funds|
|||||||2022|2021|
|||||||6|5|
||Rents from Cross Rhythms'|||premises||59,806|48,180|
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||||||||||Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2022f|2021
5|
|Trading:|Radio|and website advertising|||||||5,839|5,341|
|Other charitable||trading|||||||10,704|3,078|
||||||||||16,543|8,419|
|Activities|for generating|||funds|||||||
|Costs of|generating||voluntary||income||||Total Funds|Total Funds|
||||||||||2022|2021|
||||||||||5|5|
|Marketing|and fundraising|||costs|||||153|1,852|
|Staff costs|||||||||4,418|5,393|
||||||||||4,571|7,245|
|Costs in|furtherance||of|charitable||objectives|||||
|Provision|ofcharitable services||||||||Total Funds|Total Funds|
||||||||||2022|2021|
||||||||||6|5|
|Radio|||||||||95,666|94,483|
|Other charitable||trading|||||||0|(374)|
|XRhythms|||||||||21,352|75,977|
|Media training|||||||||601|1,326|
|Cross Rhythms||Worldwide|||||||11,378|11,579|
|Other charitable||support|||||||46,461|50,420|
||||||||||177,656|233,413|
|Analysis|of provision||of|charitable||services|||||
||||||||||Total Funds|Total Funds|
||||||Staffcosts||Depreciation/
Amortisation|Other costs|2022|2021|
||||||||6||5||
|Radio||||||60,921|5,945|28,800|95,666|94,483|
|Other charitable||trading||||0|0|0|0|(374)|
|XRhythms||||||15,575|493|5,284|21,352|75,977|
|Media training||||||801|0|0|801|1,328|
|Cross Rhythms||Worldwide||||3,115|0|8,263|11,378|11,579|
|Other charitable||support||||16,740|0|31,721|48,461|50,420|
|||||||97,152|6,438|74,068|177,658|233,413|
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|Governance|||||
|---|---|---|---|---|
||||Total Funds|Total Funds|
||||2022|2021|
|||||8|
|Salaries|||3,666|3,784|
|Accountancy|fees||0|0|
|Independent|examination|fees|1,307|1,181|
|Legal fees|||0|0|
|Professional|fees||498|2,300|
||||5,471|7,265|
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|Total resour|ces|expen|ded||||||
|---|---|---|---|---|---|---|---|---|
||||||||Total Funds|Total Funds|
|||||Staffcosts|Depreciation
6|Other costsf|2022
6|2021|
|Direct charitable||expenditure||97,152|6,438|74,068|177,658|233,413|
|Activities for|generating||funds|4,418|0|153|4,571|7,245|
|Governance|costs|||3,666|0|1,805|5,471|7,285|
|Other resources||expended||0|0|12,372|12,372|10,014|
|||||105,236|6,438|88,398|200,072|257,937|
|The aggregate|payroll costs were:|2022|2021|
|---|---|---|---|
|||6||
|Wages and salaries||101,800|154,579|
|Social security|costs|3,436|8,110|
|||105,236|180,889|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||No|No|
||Number offundraising||staff|||0|0|
||Number ofadministrative|||staff||2|2|
||Number of management|||staff||1|1|
||Other direct|charitable|staff|||2|7|
||||||||10|
||Other costs:|||||2022|2021|
|||||||8|5|
||Legal and Professional|||||1,805|3,481|
||Other|||||86,593|74,389|
|||||||88,398|77,870|
|9|Net outgoing
resources|||||||
||Net outgoing|resources|after charging/(crediting)|||2022|2021|
|||||||8|6|
||Depreciation|and amortisation||||6,438|19,378|
||(Profit)/loss|on disposal|offixed assets|||0|(2,377)|
||Independent
examination|Examiner's
remuneration
ofthe charity's accounts|||-the independent|1,307|1,181|
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|11|Tangible
Fixed Assets||||||
|---|---|---|---|---|---|---|
||||Freehold
Property|improvements
to Property|Equipment|Total|
||||E|E|||
||Cost or valuation||||||
||At 1 January 2022||324,000|3,995|150,094|478,089|
||Additions||0|450|0|450|
||Disposals||0|0|0|0|
||Transfer to investment|property|0|0|0|0|
||Revaluation||0|0|0|0|
||At 31 December 2022||324,000|4,445|150,094|478,539|
||Depreciation||||||
||At 1 January 2022|||810|113,265|114,075|
||Charge for the year|||168|3,642|3,810|
||Eliminated
on disposal|||0|0|0|
||At 31 December 2022|||978|116,907|117,885|
||Net book value||||||
||At 31 December 2022||324,000|3,467|33,187|360,654|
||At 31 December 2021||324,000|3,185|36,829|364,014|
|12|Investment
Property||
|---|---|---|
||Cost or valuation||
||At 1 January 2022|336,000|
||Transfer from Tangible fixed assets|0|
||Revaluation|0|
||At 31 December 2022|336,000|
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|13|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||||2022f|2021|
||Trade debtors|||||6,908|1,460|
||Income tax recoverable|||||485|225|
||Other debtors|||||3,128|11,838|
||Prepayments|||||3,884|3,946|
|||||||14,405|17,469|
|14|Creditors: Amounts|falling due within one year||||||
|||||||2022f|2021f|
||Bank loans and overdrafts|||||6,837|9,227|
||Trade creditors|||||6,903|7,394|
||Taxation and social security|||||1,033|6,511|
||Other creditors|||||14,939|24,715|
||Gross wages and employers||national|insurance|accrual|0|13,348|
||Accruals and deferred|income||||23,437|24,791|
|||||||53,149|85,986|
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||||||2022
F|2021f|
|---|---|---|---|---|---|---|
|Bank and other loans|||||243,287|248,576|
||||||243,287|248,576|
|Of the above loan amounts|the following|amount|is due in instalments|after 5years:|||
|||||||I|
||||||2022f|2021
K|
|Bank and other loans|||||211,182|208,268|
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|Restricted funds||||||
|---|---|---|---|---|---|
||Brought
Forward|Incoming
resources|Outgoing
resources|Transfers|Balance
carried
forward|
||||||5|
|Media Training
fund|8,342||||8,342|
|Churches
Media
Trust|7,657||||7,657|
|UK Youth|24,605|18,465|(41,183)|(2,699)|(812)|
|Broadcasting
Infrastructure|7,686||0|0|7,686|
|Other Restricted
gifts funds|3,392|24,091|(10,620)|(274)|16,589|
||51,682|42,556|(51,803)|(2,973)|39,462|
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