## **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**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||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.
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 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**
|**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**
**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
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**|**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**
|Equipment leasing and hire
charges
General insurances
Postage and couriers
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**|-
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**
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
**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**
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
**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:
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.
## **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.