2024-03-31-accounts - Voice Of Hope Radio

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period:

From 1[st] April 2023 Period start date To 31[st] March 2024 Period end date

Charity name: Voice of HOPE RADIO also known as HOPEFM

Charity registration number: 1106103

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	A charity based in Bournemouth which runs the community radio station ‘Hope FM’, broadcasting the Christian Gospel as well as providing social gain in the BCP conurbation via radio broadcasts. We continue to serve and produce content for marginalized groups in the BCP community. We continue to provide free radio training and volunteer opportunities to all groups across BCP. We continue to provide work placements for school, college/sixth form, and University students.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Programming and Projects We have continued to ensure our output caters for as many groups across BCP as possible. Specific examples include: - Our work with Community Action Network has included focused programming on: o Migrants being housed in hotels within the BCP area, and the organisations/groups set up to enable them to receive training, social interaction, and advocacy. o Our area’s young LGBTQ+ community, highlighting available services – both social and work training – for young people strugglingwith both familyand wider

societal acceptance. Organisations like
SPACE Youth Project have provided to
programming by highlighting vital services,
and advocacy campaigns.
- In partnership with students from
Bournemouth University Media School, we
produced and broadcast a radio
documentary highlighting the role local
people had played in housing/providing a
home for people fleeing the war in Ukraine.
_The Host: Ukraine 1 Year On_won the Gold
Award at the_National Community Radio_
_Awards_in November 2023.
- In partnership with a local church, we
continued our radio versions of Memory
Clubs for older people and dementia
sufferers.Thanks For The Memory, a show
which began broadcasting during the first
COVID-19 lockdown, continued to offer
those isolating or unable to attend in-person
Memory Groups a chance to interact and
participate from the comfort of their home.
- We launched a brand-new Sports
Show called_The Hope FM Sports Review_.
The show is a mix of national and local sport
news reports and reviews, but with its core
focus being sports impact on the community,
focusing on; disability sports and
participation, and mental health impact on
both players/athletes at professional and
ammeter level.

We continue to offer free radio training to anyone in the BCP area (and beyond) who would like to find out about radio or looking towards a career in broadcasting.

Training

One of the main initiatives from April 2023 to March 2024 (and continuing today) was to continue to increase engagement with partially sighted and registered blind individuals at the station. In collaboration with a volunteer who has severe sight loss, we not only created programming focused on this community, but also invited six people with sight loss to share their stories and participate in radio shows. We have retained two people from that cohort who continue to contribute to the station and

		shows. We have also continued to provide training and volunteer roles for 2 young people with Autism and associated learning needs, continuing our commitment to providing roles at the station for people from this specific community. Students in Education Our training and work placements include bespoke programs, tailored to the students/course needs. Over the course of the period April 2023 – March 2024 we provided the following number of work and training placements for educational establishments: - School (School Years 9 -11): 4 - School Sixth Form/College: 4 - University (Both Undergraduate and Masters Degree students): 10
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Trustees were sent copies of statements of recommended practices (FRS 102) to be aware of guidance issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38	Hope FM, in its activities of broadcasting and social media, relies on volunteers in the main. Working as both office and production assistants, and on-air presenters. Alongside Hope FM staff, established volunteers also help to support training to students and perspective volunteers, sharing their vital

experience and knowledge. Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	1)Hope FM, through the medium of Radio and social media, advances the Christian faith but also other community charitable works in the BCP conurbation. 2)Hope FM continued to be a platform for University students throughout the year - giving them work experience, training, and also actual on air experiences. 3) Our partnerships and programming initiatives (as highlighted above) continue to provide organisations, marginalized/minority groups, with a platform to both share their stories, and learn new skills. Below are testimonies from organisations, volunteers, and individuals Hope FM worked with during this period, reflecting the impact we have had: “As Treasurer of Water Lily Project, I am aware of the much-valued support given to us by the Hope FM team in providing regular features of our work and special events. This has helped raise awareness of our services to women in times of crisis which has made a world of difference to them. Over 180 women were helped in the past year. We are also grateful that funders and donors are made aware of Water Lily Project without which our work could not be sustained. Knowing that our profile is being raised across BCP and further afield has given us confidence and enabled us to grow and reach more women.” -Jan Crawford, Trustee at The Water Lily Project. “Partnering with Hope FM is crucial for us as a charity as it amplifies our reach and impact. Their dedicated local audience provides us with a platform to raise awareness about not only our work but the work of other charities and community

groups working across Bournemouth, Christchurch and Poole through our Community Hero in the Spotlight initiative. Additionally, it offers opportunities for storytelling, sharing success stories, and highlighting volunteer efforts, inspiring others to get involved. Overall, the collaboration enhances CAN’s visibility, engagement, and ability to make a positive difference locally.” - Emma Lee, Head of Engagement at Community Action Network. “Hope FM have been so kind and helpful in helping me fulfil my dream of being a Radio presenter. I have a severe visual impairment and have had bad experiences at other Radio stations who were not supportive of my accessibility needs. I feel very safe at Hope FM. As a presenter I invite local charities and organisations to my show so we can talk about who they are and what they do. I feel like I’m making a difference every day I volunteer. This makes me part of world again not just someone who needs help all the time. I love helping people and that is what Hope FM allows me to do.” - Karen, Volunteer since 2022. “I joined Hope FM in 2017 though Autism Wessex. Since I've joined I've realised what's possible. It does wonders for me. If you said to me years earlier that I'd be doing this project I would have laughed at you. My confidence has come on, I feel understood by listeners, but most importantly I feel included and part of something I’m really proud of.” - Nick, Volunteer since 2015.

Additional information (optional) You may choose to include further statements where relevant about:

	Achievements against objectives set	Para 1.41	Our objectives to support social gain in the BCP conurbation via radio are itemized as achievements above.


Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Included in this report
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity continues to work towards setting up a reserve bank account.
Amount of reserves held	Para 1.22	0
Reasons for holding zero reserves	Para 1.22	We continue to have to think of new projects and fundraising initiatives to mitigate against the fall in advertising. During this reporting period we were still off the levels of Advertising/Sponsorship revenue seen pre- covid-19. This reduced income led to an increased reliance on our reserves.
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The charity continues to work towards firm financial settings.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Hope FM’s funding comes from several sources: Advertising, sponsorship, gifts/donations and grants.
Investment policy and objectives including any social investment policy adopted	Para 1.46

A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Articles of Association.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Company incorporated as private limited by guarantee.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed by quorum of Trustees.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name	Voice of Hope Radio
Other name the charity uses	HopeFM Radio
Registered charity number	1106103
Charity’s principal address	Emberton House Yeomans Way Bournemouth BH8 0BP

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Ken Pimenta	Chair Trustee	21/1/19
Ian Robertson	Trustee	2/7/20
Tim Heywood	Trustee	21/1/19
Rob Barron	Trustee	1/6/20

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Founder and President	Blair Crawford	Freda Rd, Christchurch, Bournemouth

Name of chief executive or names of senior staff members (Optional information)

Blair Crawford

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Mr. Ken Pimenta
	Chair
	24/01/2025
	24/01/2025

Voice OF Hope Radio

Charity No. 04331219

Company No. 04331219

Trustees' Report and Unaudited Accounts

31 March 2024

Voice OF Hope Radio Contents

	Pages
Trustees' Annual Report	2 to 3
Audit Report Unqualified	4 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 2024.

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 2024

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 2024 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 2024 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.

Our responsibilities and the responsbilities of the trustees with respect to going concern are described in the relevant sections of this report.

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 FMAAT, 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 2024

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 2024.

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 AAT Pope Accountancy Services Ltd 13 Douglas Road Southbourne Bournemouth Dorset BH6 3ER 31 March 2024

Page 7

Voice OF Hope Radio Statement of Financial Activities

for the year ended 31 March 2024

Unrestricted funds 2024 £ 19,229 9,990	Total funds 2024 £ 19,229 9,990	Total funds 2023 £ 26,737 10,102
29,219 4,492 38,890	29,219 4,492 38,890	36,839 4,813 39,024
43,382 -	43,382 -	43,837 -
(14,163) -	(14,163) -	(6,998) -
(14 163)	(14 163)	(6 998)
(14,163) 26,425	(14,163) 26,425	(6,998) 33,423
12,262	12,262	26,425

Page 8

Voice OF Hope Radio Summary Income and Expenditure Account

for the year ended 31 March 2024

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	2024 £ 29,219 29,219 43,382 - 43,382 (14,163) (14,163)	2023 £ 36,839
		36,839
		41,108 2,729
		43,837
		(6,998)
		(6,998)

Page 9

Voice OF Hope Radio Balance Sheet

at 31 March 2024

Company No. 04331219 Notes Fixed assets Tangible assets 10 Current assets Debtors 11 Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 13 Unrestricted funds General funds 13 Reserves 13 Total funds	2024 £ 9,056 9,056 1,843 6,706 8,549 (5,343) 3,206 12,262 12,262 12,262 12,262 12,262 12,262	2023 £ 5,459
		5,459 1,599 19,511
		21,110 (144)
		20,966 26,425
		26,425
		26,425
		26,425
		26,425
		26,425

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 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 March 2024

And signed on its behalf by:

K. Pimenta

Trustee

31 March 2024

Page 10

Voice OF Hope Radio Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities Net expenditure per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment (Increase)/Decrease in trade and other receivables Increase/(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	2024 £ (14,163) (3,597) (244) 5,199 (12,805) - - (12,805) 19,511 6,706 6,706 6,706	2023 £ (6,998) 2,729 4,204 (2,837)
		(2,902)
		-

		-
		(2,902) 22,414
		19,512
		19,511
		19,511

Page 11

Voice OF Hope Radio Notes to the Accounts

for the year ended 31 March 2024

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

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Other trading activities Total Expenditure on: Raising funds Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies 5 Income from other trading activities	Unrestricted £ 19,229 19,229 Unrestricted £ 9,990 9,990	Unrestricted funds 2023 £ 26,737 10,102 36,839 4,813 39,024 43,837 (6,998) (6,998) (6,998) 33,423 26,425 Total 2024 £ 19,229 19,229 Total 2024 £ 9,990 9,990	Total funds 2023 £ 26,737 10,102
			36,839 4,813 39,024
			43,837
			(6,998)
			(6,998)
			(6,998) 33,423
			26,425
			Total 2023 £ 26,737
			26,737
			Total 2023 £ 10,102
			10,102

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 No employee received emoluments in excess of £60,000.	Unrestricted £ 740 3,752 4,492 Unrestricted £ 23,787 206 2,601 - 7,317 4,979 38,890 2024 £ - 2024 21,272 1,673 842 23,787	Total 2024 £ 740 3,752 4,492 Total 2024 £ 23,787 206 2,601 - 7,317 4,979 38,890	Total 2023 £ 467 4,346
			4,813
			Total 2023 £ 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

Page 16

Voice OF Hope Radio Notes to the Accounts

10 Tangible fixed assets

Restricted funds: Unrestricted funds: General funds Total funds Cost or revaluation At 1 April 2023 At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 11Debtors Trade debtors 12Creditors: amounts falling due within one year Trade creditors Other taxes and social security Other creditors Accruals 13Movement in funds	At 1 April 2023 26,425 26,425		(including other gains/losses ) £ 29,219 29,219 2024 £ 1,843 1,843 2024 £ 159 4,662 521 1 5,343 Incoming resources		Resources expended £ (43,382) (43,382) Fixtures & Fittings £ 16,305 16,305 10,846 (3,597) 7,249 9,056 5,459		March 2024 £ 12,262 12,262 Total £ 16,305 16,305 10,846 (3,597) 7,249 9,056 5,459 2023 £ 1,599 1,599 2023 £ 1,264 2,990 (4,109) (1) 144 At 31

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 2023 £ 19,511 19,511 19,511		Unrestricted funds £ 9,056 3,206 12,262		Total £ 9,056 3,206
					12,262
			Cash flows £ (12,805) (12,805) (12,805)		At 31 March 2024 £ 6,706
					6,706
					6,706

15 Reconciliation of net debt

16 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2024 Land and buildings Operating leases with expiry date: *Pension commitments* The pension cost charge to the company £ amounted to:	2024 2023 Other Land and buildings £ £ 2024 £ 842	2023 Other £ 2023 £ 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 2024

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 Bank charges Equipment expensed	- - 18 - Unrestricted funds 2024 £ 19,229 19,229 9,990 9,990 29,219 740 3,752 4,492 4,492 21,272 1,673 842 23,787 206 206 1,400 1,201 2,601	- - 18 - Total funds 2024 £ 19,229 19,229 9,990 9,990 29,219 740 3,752 4,492 4,492 21,272 1,673 842 23,787 206 206 1,400 1,201 2,601	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

Page 19

Voice OF Hope Radio Detailed Statement of Financial Activities

- 243 53 4,357 35 302 2,309 7,317 4,979 - 4,979	- 243 53 4,357 35 302 2,309 7,317 4,979 - 4,979	63 237 - 3,151 224 292 2,827
		11,098
		1,730 7,336
		9,066

38,890 43,382 - (14,163) (14,163) - (14,163) 26,425 12,262	38,890 43,382 - (14,163) (14,163) - (14,163) 26,425 12,262	39,024
		43,837 -
		(6,998)
		(6,998) -
		(6,998)
		33,423
		26,425

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 2024 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 2024 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

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.

Voice OF Hope Radio Audit Report Unqualified

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.

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

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

Auditor's responsibilities for the audit of the accounts

Voice OF Hope Radio Audit Report Unqualified

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:

Use of this report

Carrianne Pope FMAAT, 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 2024

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.