CHARITY COMMISSION
FOR ENGLAND AND WALES
Trustees, Annual Report for the period:
From 1 St April 2022
Period start date
To
31 St March 2023 Period end date
Charty name: Voice of HOPE RADIO also known as HOPEFM
Charity registration number: 1106103
Objectives and Activities
Summary of the PUfFNJses of
the charty as sel out in tts
governing dUment
Para 1.17
A Ic1 communty raJN) station broadcasting
the Christian Gospel as well as proVlg
Sccial Gain in the BCP CL)nurbation via radio
We continue to serve.and produce content
for, marginalized groups in the BCP
communty- in particular through Radio
versions of Mefflory Groups Thanks For The
Memory. designed in partnership wtth a local
Church's Older Peoples Ministy.
We hosted and gave a platfom to
Charitable causes- allowing them to tell their
stories and share their (rbvn
achtevements and needs
Summary oflhe main
activities in relation to those
purposes for the public
benefrt, in partular. the
activities. projects or services
nttfied in the accounts.
Para 1.17 8
1.19
A)We continue to serve, and produ
contenl for marginalised groups,
Bl We began a program of training and
increasing involvement of volunteers with
sight-loss.
C) We successfulty hosted 10+ School and
Unrwersity students throughout the year-
gNing them work experien.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charty
Commission on public
benef
Para 1.18
Truslees have all been sent a copy of
statement of recommended practices
(FRS 102) to aware of guKlance issued
by the Charity Commission on public beneftl.
Additional infofmation {optional
You ma
choose to inclLtde fijrther staterrEnts where relevant about..
P¥8 1.38
Policy on grarrt making
Hopefm sal invesbnent takes the form of
training and encouraging volunteers, and
those work plaMentS of students.
We began a program of training and
increasing involvement of volunteers with
sight-loss. By using one of our experienced
volunteers, who herself has
artial si
ht
Hope FM in its activities of broadcasting and
sock81 media lies on volunteers in the main.
Hope has taken on 5 pem)anent volunteers.
Working as both offe and production
asststants. and on air
resenters
Para 1.38
Policy on social investment
including program related
investment
Contribution made by
volunteers
P*¥ f.38
Achievements and Perfonnance
Summary of the main
achievements ofthe charity.
identifying the difference the
charity's work has made to
the circumstances of its
beneficiaries and any yder
benefits to SOCW as a
whole.
11 HopeFM. through the rnedium of RadK)
and s(Kial media advances the Chiistian
faith and other community charitable works
in the BCP conurbation.
P¥a 1.20
21 Hope successfully hosled 10+ School and
Untversty students throughoul the year-
grwng them work expern, training, and
actual ON AIR experien
3) Hope suppcKts those volunteers. who
work thfough the nruM of tadio in
providing the Serv for the communty,
41 Our partnership with Communty ActM)n
Network has allowed us to reach new
charttres from whger Dorset, and beyond, in
order to give them a platfomi.
Additional information (optional)
You ma
choose to include fvrther statements where relevant about."
Our objects being to provide sc[al gain in
the BCP conurbation via radio are itemized
as achEvements ave in 1.20
Achievements against
objectives set
P¥a 1.41
Perfotrnan of fundiaising
P¥a 1.41
actrvities against obj"e¢tpS
Investment perfotman
against objectives
P¥a 1.41
Other
Financial Review
Review of the ch2rit*s
financial position at the end
of the
eriod
Statement explaining the
policy for hol(Jing reserves
statin
are hekl
Amount of reserves held
Reasons for holding zero
reserves
Details of fund materialty in
deficit
Explanation of any
uncertainties atK)ul the
charity continuing as a going
oncem
PJa 121
Included in thts rewrt
P¥a122
The charity continues to work towards
setting up a reserve bank acwunt.
PJ3 1.22
Paa 1.22
P*a 124
Pwa123
The charity continues to work towards firm
financial settings.
Additional infomialion (optional)
You
chcrf)se to include ftjrther statements vthere revant about:
HopeFM's fijnding streams (x)me from a
number of sources"
Advertising. sponsorship, gIftdOnatIons and
grants.
The charity's principal
sources of fvnds (including
any fundraising)
P*a 1.47
Investment pdicy and
objectives including any
social investmenl policy
adopled
P¥a 1.46
A descriptton of the wincipal
risks facing the chartrty
P*a 1.46
Other
Structure, Governance and Management
DescriptFon of charty'5
Irusts:
Type of goveming dcuMent
125
Articles of Association.
How is the chatity
constituted?
-.g unincorporated
Para 125
Company incorporated as private limited by
guarantee.
Trustee selection methojs
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
lo appoint one or more
trustees
Para 1.25
Appointed by quorum of Trustees.
Additional infomiation (opttonall
You ma
choose to include further statements where leVant abouL'
Polictes and procedures
adopled for the induction and
training of trustees
Para 1.51
The chanty's organisath)na
structure and any wider
netwofk with which the
charity works
Para 1.51
RelatKsnship with any reed
parties
Para 1.51
Other
Reference and Administrative details
Chari
name
Other name the cha
uses
istered cha
numkr
Charity's principal add$$
VO of Ho
Radio
FM Radm)
1106103
Emberton House
Yeomans Way
Boumemouth
BH8 OBP
Names of the charity trustees who manage the chafity
Trustee name
Office lrfanyl
Chair Trustee
Trustee
Trustee
Trustee
Trustee
Dates acted rf notforwhc*l
of person ltsr body) entitled
ittttrusteÈ
Ken Pimenta
lan Robertson
Tim HeywcM)d
Rob Barron
Di Barron
2111119
7r20
2111119
116120
October 2020
10
12
13
14
15
16
17
18
19
20
orate trustees- names of the directrxs at the date the re
Dir•ctor name
rtwasa
roved
Name of trustees hokjing tttte to property bek)nging to the chartty
Trustee name
Dates acled if not forT*holo
Funds held as custodian trustees on behalf of others
Description of the assets
held in this capacty
Name and objects ofthe
charrty on whose behalf the
assels are held and how this
falls wtthin the custodian
charty's objects
Details of arrangements for
safe custody and
segregation of such assets
from the charrty's own assets
Additional infomiation (optional)
Names and addresses of advisers (Oplional infomiationl
Type of
Name
Address
adviser
Founder
and
President
Blair Crawford
Freda Rd. Christchurch. Boumemouth
Name of chief executive or names of senior staff members (Optional infomiation)
Blair Crawford
Exemptions from disclosure
Reason for noTrdisclosure of k
nnel detaiL8
Other o
tional inforniation
Declarations
The teS declare that they have approved the trustees. report above.
Slgned on behalf of the charity's trustees
Signature(s)
Full name(s)
Position (eg Sè¢retary,
Chair, etc)
pljTA
¥IAl- TLJ&TEE£
## **Voice OF Hope Radio**
**Charity No. 04331219**
**Company No. 04331219**
**Trustees' Report and Unaudited Accounts**
**31 March 2023**
**Voice OF Hope Radio Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Summary Income and Expenditure Account|9|
|Balance Sheet|10|
|Statement of Cash flows|11|
|Notes to the Accounts|12 to 18|
|Detailed Statement of Financial Activities|19 to 20|
Page 1
**Voice OF Hope Radio Trustees Annual Report**
Hope FM
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 04331219**
## **Charity No. 04331219**
## **Principal Office**
Emberton House Yarrow Way Bournemouth Dorset BH8 0BP
## **Registered Office**
Emberton House Yeomans Way Bournemouth BH8 0BP
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
D. Barron R.R. Barron T. Heywood K. Pimenta
I. Robertson
## **Accountants**
Pope Accountancy Services Ltd 13 Douglas Road Southbourne Bournemouth Dorset BH6 3ER
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
**Voice OF Hope Radio Trustees Annual Report**
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
K. Pimenta
Trustee
31 March 2023
Page 3
**Voice OF Hope Radio Audit Report Unqualified**
## **Independent Auditor's Report to the Members of Voice OF Hope Radio**
## **Opinion**
We have audited the accounts of Voice OF Hope Radio (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the Notes to the Accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its profit/loss for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the accounts, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.
Our responsibilities and the responsbilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the trustees' report and accounts, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information.
Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements,we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information,we are required to report that fact.
Page 4
**Voice OF Hope Radio Audit Report Unqualified**
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based upon the work undertaken in the course of the audit:
- the information given in the Trustees' Report,which includes the Directors' Report prepared for the purposes of company law for the financial year for which the accounts are prepared is consistent with the accounts; and
- the Directors' Report included within the Trustees' Report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report included within the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us;
- the accounts are not in agreement with the accounting records and returns;
- certain disclosures of Trustees' remuneration specified by law are not made;
- we have not received all the information and explanations we require for our audit;
- the trustees were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Directors' Report and take advantage of the small companies exemption from the requirement to prepare a Strategic Report.
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement found in the Trustees' Report, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the accounts**
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Page 5
**Voice OF Hope Radio Audit Report Unqualified**
## **Use of this report**
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
## Carrianne Pope, Senior Statutory Auditor
For and on behalf of Pope Accountancy Services Ltd, Accountants and Statutory Auditors 13 Douglas Road
Southbourne
Bournemouth Dorset BH6 3ER 31 March 2023
Pope Accountancy Services Ltd is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a charity under section 1212 of the Companies Act 2006.
Page 6
**Voice OF Hope Radio Independent Examiners Report**
## **Independent Examiner's Report to the trustees of Voice OF Hope Radio**
I report to the charity trustees on my examination of the financial statements of Voice OF Hope Radio for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Carrianne Pope FMAAT Pope Accountancy Services Ltd 13 Douglas Road Southbourne Bournemouth Dorset BH6 3ER 31 March 2023
Page 7
**Voice OF Hope Radio Statement of Financial Activities**
## **for the year ended 31 March 2023**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other trading activities
5
**Total**
**Expenditure on:**
Raising funds
6
Other
7
**Total**
Net gains on investments
**Net expenditure**
8
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
26,737
10,102|**Total funds**
**2023**
**£**
26,737
10,102|**Total funds**
**2022**
**£**
42,610
12,132|
|---|---|---|---|
||36,839
4,813
39,024|36,839
4,813
39,024|54,742
-
58,203|
||43,837
-|43,837
-|58,203
-|
||(6,998)
-|(6,998)
-|(3,461)
-|
||(6,998)|(6,998)|(3,461)|
||(6,998)
33,423|(6,998)
33,423|(3,461)
36,884|
||26,425|26,425|33,423|
Page 8
**Voice OF Hope Radio Summary Income and Expenditure Account for the year ended 31 March 2023**
|Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net expenditure before tax for the year
**Net expenditure for the year**|**2023**
**£**
36,839
36,839
41,108
2,729
43,837
(6,998)
(6,998)|**2022**
**£**
54,742|
|---|---|---|
|||54,742|
|||58,203
-|
|||58,203|
|||(3,461)|
|||(3,461)|
Page 9
**Voice OF Hope Radio Balance Sheet**
## **at 31 March 2023**
|**Company No.**
**04331219**
**Notes**
**2023**
**£**
**Fixed assets**
Tangible assets
10
5,459
5,459
**Current assets**
Debtors
11
1,599
Cash at bank and in hand
19,511
21,110
**Creditors:**Amount falling due within one year
12
(144)
**Net current assets**
20,966
**Total assets less current liabilities**
26,425
**Net assets excluding pension asset or liability**
26,425
**Total net assets**
26,425
**The funds of the charity**
**Restricted funds**
13
**Unrestricted funds**
13
General funds
26,425
26,425
**Reserves**
13
**Total funds**
26,425|**2022**
**£**
8,188|
|---|---|
||8,188
5,803
22,414|
||28,217
(2,982)|
||25,235
33,423|
||33,423|
||33,423|
||33,423|
||33,423|
||33,423|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2023
And signed on its behalf by:
K. Pimenta Trustee 31 March 2023
Page 10
**Voice OF Hope Radio Statement of Cash flows for the year ended 31 March 2023**
|**Cash flows from operating activities**
**Net expenditure per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Decrease in trade and other receivables
Decrease in trade and other payables
**Net cash used in operating activities**
**Net cash from investing activities**
**Net cash from financing activities**
**Net decrease in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2023**
**£**
(6,998)
2,729
4,204
(2,837)
(2,902)
-
-
(2,902)
22,414
19,512
19,511
19,511|**2022**
**£**
-
-
-
-|
|---|---|---|
|||-|
|||-|
||||
|||-|
||||
|||-|
|||-|
|||-|
||||
|||22,414|
||||
|||22,414|
Page 11
**Voice OF Hope Radio Notes to the Accounts**
## **for the year ended 31 March 2023**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 12
**Voice OF Hope Radio Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures & Fittings 25%% Reducing Balance
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 13
**Voice OF Hope Radio Notes to the Accounts**
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 14
**Voice OF Hope Radio Notes to the Accounts**
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Other
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
4
**Income from donations and legacies**
5
**Income from other trading activities**|**Unrestricted**
**£**
26,737
26,737
**Unrestricted**
**£**
10,102
10,102|**Unrestricted**
**funds**
**2022**
**£**
42,610
12,132
54,742
58,203
58,203
(3,461)
(3,461)
(3,461)
(3,461)
**Total**
**2023**
**£**
26,737
26,737
**Total**
**2023**
**£**
10,102
10,102|**Total funds**
**2022**
**£**
42,610
12,132|
|---|---|---|---|
||||54,742
58,203|
||||58,203|
||||(3,461)|
||||(3,461)|
||||(3,461)|
||||(3,461)|
||||**Total**
**2022**
**£**
42,610|
||||42,610|
||||**Total**
**2022**
**£**
12,132|
||||12,132|
Page 15
**Voice OF Hope Radio Notes to the Accounts**
- 6 **Expenditure on raising funds**
|_Costs of generating voluntary_
_income_
7
**Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
**Net expenditure before transfers**
This is stated after charging:
Depreciation of owned fixed assets
9
**Staff costs**
Salaries and wages
Social security costs
Pension costs|**Unrestricted**
**£**
467
4,346
4,813
**Unrestricted**
**£**
15,894
1,186
1,780
2,729
8,369
9,066
39,024
**2023**
**£**
2,729
**2023**
13,708
1,370
816
15,894|**Total**
**2023**
**£**
467
4,346
4,813
**Total**
**2023**
**£**
15,894
1,186
1,780
2,729
8,369
9,066
39,024|**Total**
**2022**
**£**
-
-|
|---|---|---|---|
||||-|
||||**Total**
**2022**
**£**
-
-
-
-
58,203
-|
||||58,203|
||||**2022**
**£**
-
**2022**
-
-
-|
||||-|
No employee received emoluments in excess of £60,000.
Page 16
**Voice OF Hope Radio Notes to the Accounts**
## 10 **Tangible fixed assets**
|10 **Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost or revaluation**
At 1 April 2022
At 31 March 2023
**Depreciation and**
**impairment**
At 1 April 2022
Depreciation charge for the
year
At 31 March 2023
**Net book values**
At 31 March 2023
At 31 March 2022
11 **Debtors**
Trade debtors
12 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals
13 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1 April**
**2022**
33,423
33,423|**2023**
**£**
1,599
1,599
**2023**
**£**
1,264
2,990
(4,109)
(1)
144
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
36,839
36,839|**Fixtures &**
**Fittings**
**£**
16,305
16,305
8,117
2,729
10,846
5,459
8,188
**Resources**
**expended**
**£**
(43,837)
(43,837)|**Total**
**£**
16,305|
|||||16,305|
|||||8,117
2,729|
|||||10,846|
|||||5,459|
|||||8,188|
|||||**2022**
**£**
5,803|
|||||5,803|
|||||**2022**
**£**
2,982
-
-
-|
|||||2,982|
|||||**At 31**
**March**
**2023**
**£**
26,425|
|||||26,425|
Page 17
**Voice OF Hope Radio Notes to the Accounts**
## 14 **Analysis of net assets between funds**
|Fixed assets
Net current assets
**Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1 April**
**2022**
**£**|**Unrestricted**
**funds**
**£**
5,459
20,966
26,425
**Cash flows**
**£**|**Total**
**£**
5,459
20,966|
|---|---|---|---|
||||26,425|
||||**At 31**
**March**
**2023**
**£**|
||22,414|(2,903)|19,511|
||22,414
22,414|(2,903)
(2,903)|19,511|
||||19,511|
## 15 **Reconciliation of net debt**
## 16 **Commitments**
## _**Operating lease commitments**_
Annual commitments under non-cancellable operating leases are as follows:
||**2023**|**2023**|**2022**|**2022**|
|---|---|---|---|---|
||**Land and**
**buildings**|**Other**|**Land and**
**buildings**|**Other**|
||**£**|**£**|**£**|**£**|
|Operating leases with expiry date:|||||
|**_Pension commitments_**|||||
|||**2023**||**2022**|
|||**£**||**£**|
|The pension cost charge to the company|||||
|amounted to:||816||-|
## 17 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 18
**Voice OF Hope Radio Detailed Statement of Financial Activities**
## **for the year ended 31 March 2023**
|**Income and endowments from:**
Donations and legacies
Other trading activities
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
**Total of expenditure on raising**
**funds**
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Motor and travel costs
Business mileage costs
reimbursed
Premises costs
Rent
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Fixtures &
Fittings
Bad debts
Equipment expensed
Equipment leasing and hire
charges|**Unrestricted**
**funds**
**2023**
**£**
26,737
26,737
10,102
10,102
36,839
467
4,346
4,813
4,813
13,708
1,370
816
15,894
1,186
1,186
1,400
380
1,780
2,729
1,560
15
63|**Total funds**
**2023**
**£**
26,737
26,737
10,102
10,102
36,839
467
4,346
4,813
4,813
13,708
1,370
816
15,894
1,186
1,186
1,400
380
1,780
2,729
1,560
15
63|**Total funds**
**2022**
**£**
42,610|
|---|---|---|---|
||||42,610|
||||12,132|
||||12,132|
||||54,742
-
-|
||||-|
||||-
-
-
-|
||||-|
||||-|
||||-|
||||-
-|
||||-|
||||-
-
-
-|
Page 19
## **Voice OF Hope Radio**
## **Detailed Statement of Financial Activities**
|General insurances
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|237
3,151
224
292
2,827
11,098
1,730
7,336
9,066
39,024
43,837
-
(6,998)
(6,998)
-
(6,998)
33,423
26,425|237
3,151
224
292
2,827
11,098
1,730
7,336
9,066
39,024
43,837
-
(6,998)
(6,998)
-
(6,998)
33,423
26,425|-
-
-
58,203
-|
|---|---|---|---|
||||58,203|
||||-
-|
||||-|
|||||
||||58,203|
||||58,203
-|
||||(3,461)|
||||(3,461)
-|
||||(3,461)|
||||36,884|
||||33,423|
Page 20
**Voice OF Hope Radio Audit Report Unqualified**
## **Independent Auditor's Report to the Members of Voice OF Hope Radio**
## **Opinion**
We have audited the accounts of Voice OF Hope Radio (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the Notes to the Accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the accounts:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its profit/loss for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the accounts, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the accounts is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.
Our responsibilities and the responsbilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the trustees' report and accounts, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information.
Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements,we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information,we are required to report that fact.
Page 4
**Voice OF Hope Radio Audit Report Unqualified**
We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based upon the work undertaken in the course of the audit:
- the information given in the Trustees' Report,which includes the Directors' Report prepared for the purposes of company law for the financial year for which the accounts are prepared is consistent with the accounts; and
- the Directors' Report included within the Trustees' Report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report included within the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us;
- the accounts are not in agreement with the accounting records and returns;
- certain disclosures of Trustees' remuneration specified by law are not made;
- we have not received all the information and explanations we require for our audit;
- the trustees were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies exemption in preparing the Directors' Report and take advantage of the small companies exemption from the requirement to prepare a Strategic Report.
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement found in the Trustees' Report, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.
In preparing the accounts, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the accounts**
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Page 5
**Voice OF Hope Radio Audit Report Unqualified**
## **Use of this report**
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Carrianne Pope, Senior Statutory Auditor
For and on behalf of Pope Accountancy Services Ltd, Accountants and Statutory Auditors 13 Douglas Road Southbourne
Bournemouth Dorset BH6 3ER 31 March 2023
Pope Accountancy Services Ltd is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a charity under section 1212 of the Companies Act 2006.
Page 6