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2025-03-31-accounts

Company Registered Number: 05571624

PRISON RADIO ASSOCIATION

Registered Charity No. 1114760

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 MARCH 2025

PRISON RADIO ASSOCIATION CONTENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Legal and Administrative Information 2
Board of Trustees' Report 3
Report of the Independent Auditors 11
Statement of Financial Activities 14
Balance Sheet 15
Statement of Cash Flows 16
Notes to the financial statements 17 - 22

1

PRISON RADIO ASSOCIATION REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025

Charity name Prison Radio Association
Company registration number 05571624
Charity registration number 1114760
Registered address Office 605
Albert House
250-260 Old Street
London
EC1V 9DD
Board of Trustees:
Chair of Trustees Ryan Wain
Trustees Lawrence Galkoff
Julia Howard
David Franklin
Hilary Ineomo-Marcus
Debbie Ramsay
Michael Spurr
Tanya Hughes
Legal Advisers Bates Wells and Braithwaite
10 Queen Street Place
London
EC4R 1BE
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent ME19 4JQ
Auditors Chater Allan LLP
7 Quy Court
Colliers Lane
Stow-cum-Quy
CB25 9AU

2

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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Structure, Governance and Management

Governing Document and Public Benefit

The Prison Radio Association (PRA) is a charitable company limited by guarantee, incorporated on 22nd September 2005 and registered as a charity on 20th June 2006. The company was established under a Memorandum of Association which establishes the objects and powers of the charitable company and is governed under its Articles of Association.

The objects of the charity are the education, relief and rehabilitation of offenders in custody and in the community. The charity’s overall aim and where it works to support public benefit is its commitment to contributing to a reduction in reoffending.

The charity works in partnership with a number of organisations from across the voluntary, community and social enterprise (VCSE) sectors that support the HM Prison and Probation Service (HMPPS) priorities in reducing reoffending. The charity operates mainly within prisons across England and Wales, but is increasingly supporting the development of prison radio initiatives globally.

In the event of the company being wound up members are required to contribute an amount not exceeding £10.

The charity has received a core grant from HMPPS for a number of years in line with their financial year (April to March). A four-year grant award has been confirmed from 1[st] April 2024.

Recruitment and Appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as the members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years.

The Management Committee seeks to ensure that the needs of prisoners are appropriately reflected through the diversity of the trustee body. Regular reviews are undertaken to ensure that the required skills to support the charity are in place.

Trustee Induction and Training

Each trustee is provided with information regarding the role and responsibilities of a trustee, including information produced specifically for this purpose by specialist charity law firm, Bates Wells. Trustees are introduced to the work of the charity via visits to specific prison radio projects and an induction by the Chair and Chief Executive. An induction pack containing the Memorandum and Articles of Association, the charity’s business plan and budgets, together with other relevant information, including minutes of trustees’ meetings is provided.

In an effort to maintain the broad skill mix, a review is regularly undertaken to ensure that should a member resign, an appropriate replacement is found. All trustees are appraised by the Chair on an annual basis.

Organisational Structure

The Prison Radio Association has a Management Committee of eight members who meet quarterly and are responsible for the strategic direction and policy of the charity. At present the Management Committee has members from a variety of professional backgrounds relevant to the work of the charity. Day-to-day administration is delegated to the Chief Executive who is responsible for ensuring that the charity delivers the services specified.

Remuneration policy for key management personnel

The pay of the CEO and all staff are reviewed annually and normally increased to reflect a cost-of-living adjustment which is set based on external benchmarks. The trustees also benchmark against pay levels in other charities and consider the performance of the charity when deciding on any increases above cost of living.

3

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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Risk Management

Health and Safety: the charity ensures that all staff members attend appropriate training courses, including security and key training in line with HM Prison and Probation Service (HMPPS) policy guidelines.

Appropriate insurance policies are in place including employers’ liability, public liability and professional and trustee indemnity.

The trustees actively review, on a regular basis, the major risks the charity faces and where appropriate, systems and procedures have been established to manage these. The charity’s Risk Register is regularly reviewed by the Chief Executive and the Management Committee. The key risks facing the charity are:

  1. Insufficient funding to meet the charity’s commitments, which could significantly impact reputation and long-term viability

  2. Loss of ability to broadcast due to inadequate or unsuitable technology

While there remains some uncertainty over income projections over the next few years due to the economy, the charity goes into the new financial year with reserves at the required level and a significant level of confirmed funding for the year ahead. The impact of the economic climate on fundraising and costs will be closely monitored and activity adjusted accordingly.

Related Parties

The charity works closely with its principal partner, HM Prison and Probation Service (HMPPS) to ensure its objectives are met.

The PRA also works with a wide range of other agencies, predominantly third sector organisations whose aims align with HMPPS’ priorities in reducing reoffending.

Public benefit focus on ensuring that our activities achieve our charitable aims

The trustees review the aims, objectives and activities of the charity each year; evaluating impact and ensuring that activities remain focused on the charity’s stated purposes. The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Achievements and Performance in delivery of public benefit

The main area of charitable activity for the PRA is running National Prison Radio (NPR). The world’s first national radio station for prisoners, NPR supports prisoners through their sentences and aims to reduce reoffending. It also highlights the effects of crime and imprisonment on prisoners, families, victims and society as a whole. It provides vital information and support to help its audience members turn their backs on crime and rebuild their lives in preparation for release. In addition to the above, the PRA provides support, guidance and expertise to existing prison radio projects and to those interested in setting up prison radio projects, both in the UK and around the world.

The PRA works in partnership with a range of statutory and voluntary bodies to create impactful programming for NPR. Programming signposts its audience to services supporting rehabilitation and resettlement. National Prison Radio takes the messages of partner organisations and literally amplifies them, providing people in prison with crucial information and driving up referral rates to essential services.

NPR broadcasts 24 hours a day, seven days a week, via an audio channel on in-cell television systems to prisons across England and Wales.

In the 12 months to 31 March 2025, 315 partner organisations were featured on National Prison Radio.

National Prison Radio received 42,333 items of communication (letters and phone calls) from listeners in more than 100 different prisons. This is a measure of how ‘actively’ people engage with the radio station, rather than simply being passive listeners.

4

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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During the last year the PRA has continued to be recognised by the radio industry for the quality and impact of its work.

At the 2024 Audio Production Awards the Prison Radio Association received seven nominations in five categories:

Best Arts and Culture Producer – Arthur Hagues Best Ensemble Cast – Zak and Jules – Life After Prison Best Lifestyle and Society Producer – Beth Madden Best Lifestyle and Society Producer – Sam Taylor Best Music Producer – Ollie Brookes Grassroots Production Award – Prison Radio Association – Life After Prison Grassroots Production Award – Prison Radio Association – Outside In

At the gala ceremony held at the BFI on London’s South Bank, these nominations resulted in two Gold awards and one Bronze:

Gold – Arthur Hagues – Best Arts and Culture Producer Gold – Zak and Jules – Life After Prison – Best Ensemble Cast Bronze – Beth Madden – Best Lifestyle and Society Producer

At the 2024 ARIAS (the Radio Academy’s Audio and Radio Industry Awards), the Prison Radio Association received eleven nominations in nine categories:

Best Commercial Partnership – Free Flow with Shannon Trust

Best Music Entertainment Show – National Prison Radio’s Rock Show Best New Presenter – Ali Ali Best Music Entertainment Show – Free Flow Best New Radio Show – Takeover Tuesdays Best Specialist Music Show – Free Flow Best Drama – A Proposal For Resisting Darkness Best Speech Presenter – Zak and Jules Creative Innovation Award – National Prison Radio’s Rock Show Creative Innovation Award – Takeover Tuesdays Grassroots Award – Life After Prison

At the awards ceremony, at the Theatre Royal Drury Lane, these nominations were converted into a Gold award, two Silvers and three Bronze awards:

Gold: Lady Unchained and her Free Flow show in Best Specialist Music

Silver: National Prison Radio’s Rock Show in the Best Music Entertainment Show category Silver: Zak and Jules in the Best Speech Presenter category Bronze: Ali Ali in Best New Presenter Bronze: Life After Prison in the Grassroots category Bronze: Takeover Tuesdays in the Best New Radio Show category

Monitoring and Evaluation

Over a number of years, the Prison Radio Association has developed and refined a robust evaluation strategy. National Prison Radio consistently maintains a loyal listenership with a significant audience reach.

Of those that can listen to National Prison Radio (the addressable audience), research indicates that:

In the last 12 months:

5

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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National Prison Radio programmes have also been made available ‘on demand’ to prisoners in 19 prisons via the HMPPS Content Hub system (‘Launchpad’). Prisoners in these prisons have in-cell laptops which can be used to access a range of content and services, including National Prison Radio. The total population across these 19 prisons is approximately 13,350.

In the 12 months to 31 March 2025, there were a total of 5.1 million plays of NPR content on the HMPPS Content Hub, up from 4.38 million in the previous year.

Listeners’ impressions of NPR (percentage of surveyed listeners who agree or strongly agree with the following statements):

National Prison Radio’s programming encourages its audience in prisons to engage with the range of advice and support services and opportunities available to them. As part of its output, National Prison Radio broadcasts a number of major social action campaigns throughout the year.

National Prison Radio on-air campaign highlights in the year to 31st March 2025:

Arts Council England – Libraries Week

Six-month campaign to encourage people in prison to engage with prison libraries.

At Ease – Armed Forces Covenant Fund

Three series of 10 programmes offering support and advice for people in prison with a background in the armed forces.

Criminal Cases Review Commission

National Prison Radio campaign to raise awareness of the work of the CCRC.

GambleAware – Hold or Fold

A production with GambleAware, released as a radio series on National Prison Radio and externally as a podcast.

HMPPS – Foreign National Information

Providing information about the early return scheme, via two-minute packages in five foreign languages.

HMPPS – Literacy Week

Three-month campaign to raise awareness of the benefits of reading.

HMPPS – Meditation Series

Collaboration with HMPPS Psychology Team to develop and broadcast meditation programming.

HMPPS – Safety Week

Campaign to raise awareness of prison safety issues, specifically focussing on prisoner wellbeing.

HMPPS –Thinking Matters

Collaboration with HMPPS Psychology Team – a round table discussion series about some of the more psychologically challenging aspects of prison and strategies for dealing with them.

HMPPS – Mental Health Campaign

A six-month mindfulness and mental health campaign.

HMPPS – Women’s Series

Twelve special ‘NPR Takeovers’ recorded across the women’s estate.

6

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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National Literacy Trust – Books Unlocked / Booker Prize Foundation

Nightly audio book from the Booker Prize collection. This partnership has been running continuously since 2015.

- National Literacy Trust Literacy Innovation Fund

Twelve programmes produced on-site at six different prisons.

– National Literacy Trust New Chapters

Audio production workshops in Young Offender Institutions.

National Literacy Trust – Youth Endowment Fund. 36 audio feature promoting literacy – produced on-site at four different prisons

– NHS England Wellness Wednesdays

Fortnightly feature focusing on a wide range of health topics in NPR’s breakfast programme, Porridge.

Prisoners’ Education Trust

Campaign to raise awareness of new digital learning tools.

Santander Foundation – Money Mondays

Digital and financial inclusion campaign running on NPR for three years, and also as a podcast via Life After Prison.

Shannon Trust – Free Flow with Lady Unchained

In her multi award-winning show, Lady Unchained (one of the best-known voices behind bars) encourages National Prison Radio listeners to call in to express themselves lyrically to backing tracks played on the radio. 'It's the show where we play the beat twice so you can get your bars right.'

The Nehemiah Project

Campaign promoting residential drug and alcohol recovery services.

UK Health Security Agency – Measles / MMR / TB Campaign to raise awareness, encourage testing and vaccination.

Financial Review

The charity’s principal funding sources in the period were HMPPS and charitable trusts and foundations and its principal expenditure was staff salaries. Part of the PRA’s income comes from commercial commissions for clients across the public, private and VCSE sectors.

Total income for the year was £1,732,490 (2024: £1,407,360). This includes £300k in grant income from HMPPS for core costs. The current HMPPS grant agreement runs for four years at £300k per year from April 2024. Income from contracted production activity totaled £275k in the year (2024: £279k).

Total expenditure for the year was £1,534,515 (2024: £1,381,005), £1,142k of which was staff costs (2024: £1,038k).

The surplus for the period was £197,975 leading to funds carried forward of £919,107 of which £261,528 is restricted.

Investment and Reserves Policy

The Management Committee has examined the charity’s requirements for reserves going forward in light of the main risks to the organisation and its three-year Strategy, implemented from April 2024.

It has established a policy whereby the charity should hold sufficient unrestricted funds (not committed or invested in tangible fixed assets) required for between six to nine months of normal expenditure. They consider that this is sufficient to ensure that they can cover the costs for any period that may occur where further funding needs to be secured. It has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise that necessitate this action. While the charity is currently financially sound it relies heavily on government funding, however this is only a contribution to costs. The charity has been awarded a four-year funding agreement for £300k per annum from 1[st] April 2024.

7

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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The charity held £609k in free reserves as at 31st March 2025 which is in line with the level of required free reserves of between £598k and £897k.

Objectives and Activities

In 2024, the charity published a new three-year strategy (2024–2027). The organisation’s five aims are detailed below.

AIM 1: To increase the reach and impact of National Prison Radio.

Objective: Ensure National Prison Radio positively influences more listeners and provides improved support which better represents the whole prison population.

National Prison Radio is the world's first national radio station for people in prison. Made by prisoners, for prisoners, National Prison Radio promotes a culture of positive change in prison while acknowledging and addressing the challenges of imprisonment.

National Prison Radio broadcasts 24 hours a day, seven days per week via in-cell television and in-cell ‘Launchpad’ laptops. It can be received in prisons across England and Wales with a potential audience of approximately 88,000 people.

National Prison Radio supports people through their sentences, providing in-cell access to discussions, information, practical support and inspirational stories.

We work alongside men serving sentences at HMP Brixton and women inside HMPYOI Styal, to create content while helping to build skills and increase chances of accessing meaningful employment and education opportunities postrelease.

Reach: We aim to attract more listeners to the radio station by further increasing the amount of production we carry out in prisons across the country, away from our bases in Brixton and Styal.

Impact: We aim to encourage active engagement with National Prison Radio via our freephone number. We also aim to encourage active engagement with our partners, whose messages we amplify via the airwaves. We will build on the number and scale of partnerships, strategically targeting those areas of resettlement work that are currently underrepresented on-air.

AIM 2: To strengthen our support for people impacted by the criminal justice system though our podcast production.

Objective: Use podcast production as a platform for storytelling, advocacy and support for those affected by the criminal justice system.

Podcasting allows us to talk to new audiences. It enables us to support those who have been released from prison as well as the families, loved-ones and wider support networks of those who are in prison. It also enables us to advocate to wider society on behalf of those in prison, by shining an honest light on life within the criminal justice system.

Our two key titles are:

We produce a number of other respected and high-quality podcasts that focus on the experiences of people affected by the criminal justice system. You can find links to these series on our website. We see several opportunities to develop this support. These include consolidating the Life After Prison brand, developing spin-off titles; generating income through strategic partnerships with organisations who want to reach our audiences; hosting more live podcast events and building stronger connections with our audiences.

8

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

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AIM 3: To find and nurture talented producers and presenters in prisons and identify future opportunities for career development.

Objective: To identify and nurture talent within prisons, fostering creativity and providing opportunities for personal and professional development.

Making radio in prison can be a life-changing experience. We want to do more to support talented people we work with inside prisons and after release.

We have built a solid track record and evidence base that showcases this side of our work. During the last three years, PRA staff members with prison experience have been honoured with some of the industry’s highest accolades.

More than 20% of our staff have spent time in prison. We plan to continue to build on this figure.

In addition, a number of our prison-experienced team have gone on to find jobs, apprenticeships or placements with the BBC, including those working on our post-release talent development scheme at our community studio in Brixton.

We are in a strong position to build on our years of experience inside prison and to leverage our reputation in the broadcasting industry as a key ‘Grassroots’ producer to create meaningful connections and opportunities.

AIM 4: To support the development of prison radio globally through Prison Radio International.

Objective: To propel prison radio internationally by building a mutually-supportive global community to share expertise, resources, and best practice.

We have worked hard to build on and formalise the international partnership work we have been involved in for more than a decade, by establishing and leading Prison Radio International.

Via our multi-lingual Global Prison Radio Survey, we are mapping prison radio activity around the world and discovering what support is required to drive this important work forward. We are building connections, offering consultancy, and seeking out new opportunities to persuade decision-makers of the benefits of prison radio.

We established and provide the secretariat for the Prison Radio International Advisory Board, with our CEO as Chair.

AIM 5: To build our public profile in order to increase our influence and that of the people we work with.

Objective: Increase visibility and awareness of the Prison Radio Association to attract partnerships, funding, and support.

The Prison Radio Association is a respected member of the criminal justice community. We enjoy positive and fruitful partnerships with a wide range of organisations that work in prisons and related areas, including statutory bodies, government departments, charities and voluntary organisations. This presents opportunities for us to grow as the voice of the sector.

Our returning series Behind the Crime (BBC Radio 4) and the impact of our Life After Prison team is having in promoting our podcasts in national media have demonstrated that there is an interest in work produced by us.

By engaging in strategic partnerships with a wider range of media outlets, content producers and relevant stakeholders, we are developing formats and productions that carry our messaging to ever wider audiences.

Our brand of creative, ethical storytelling in this space, that holds fascination and interest for mass audiences, allows us to lead healthy discussion and debate around the state of the criminal justice system and how we, as a society, deal with people who cause harm, with a clear focus on potential solutions.

9

PRISON RADIO ASSOCIATION BOARD OF TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ RESPONSIBILITIES STATEMENT

The trustees are responsible for preparing the Board of Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, Companies Act 2006, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the governing document.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as the trustees are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the charity’s auditors are unaware, and each trustee has taken steps that he or she ought to have taken as trustee in order to make himself or herself aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.

AUDITORS

The auditors, Chater Allan LLP will be proposed for re-appointment at the forthcoming Board meeting.

This report, which has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities and in accordance with the special provisions of Part 15 of the Companies Act 2006 applicable to small entities.

This report was approved by the Board of Trustees on 16[th] July 2025 and signed on their behalf by:

Ryan Wain Chair of Trustees

10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND BOARD OF TRUSTEES OF PRISON RADIO ASSOCIATION

Opinion

We have audited the financial statements of Prison Radio Association (the charitable company) for the year ended 31 March 2025 which comprise Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, 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 Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

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 financial statements 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 financial statements in the UK, including the FRC’s Ethical Standard, 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 financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements 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 Prison Radio Association's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees' annual report , other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements 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 financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements 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 financial statements 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.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Trustees’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND BOARD OF TRUSTEES OF PRISON RADIO ASSOCIATION

Matters on which we are to required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in 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 accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the trustees were not entitled to prepare the financial statements in accordance with the small companies' regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a Strategic Report.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the financial statements 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 financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, 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 either 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 financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements 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 financial statements.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND BOARD OF TRUSTEES OF PRISON RADIO ASSOCIATION

In response to the risks of irregularities and non-compliance with laws and regulations, including fraud. We designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instance of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/Auditorsresponsibilities. This description forms part of our auditor’s report.

Use of report

This report is made solely to the charitable 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 charitable company’s members those matters we are required to state to them in an auditor’s 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's members as a body, for our audit work, for this report, or for the opinions we have formed.

Stuart Graham Berriman (Senior Statutory Auditor) For and on behalf of Chater Allan LLP Chartered Accountants

& Registered Auditors

7 Quy Court, Colliers Lane, Stow-cum-Quy, Cambridgeshire CB25 9AU Date: 22 August 2025

13

PRISON RADIO ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME
2
Donations
Income from charitable activities
Investment Income
Total Income
2
EXPENDITURE
Costs of raising funds
3
Expenditure on charitable activities
Total Expenditure
3
Net income/(expenditure)
Transfers between funds
10
Net movement in funds
Reconciliation of funds
Total funds at 1 April 2024
Total funds at 31 March 2025
12
Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
Funds
Total
Funds
2025
2025
2025
2025
2024
£
£
£
£
£
254,842
-
-
254,842
195,610
380,213
-
1,084,917
1,465,130
1,201,627
12,518
-
-
12,518
10,123
647,573
-
1,084,917
1,732,490
1,407,360
139,859
-
-
139,859
63,163
500,182
-
894,474
1,394,656
1,317,842
640,041
-
894,474
1,534,515
1,381,005
7,532
-
190,443
197,975
26,355
11,281
-
(11,281)
-
-
18,813
-
179,162
197,975
26,355
638,766
-
82,366
721,132
694,777
657,579
-
261,528
919,107
721,132

The attached notes form part of these accounts

The statement of financial activities includes all gains and losses recognised in the year.

Continuing Operations

None of the company's activities were acquired or discontinued during the current or previous year

14

PRISON RADIO ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2025

Note 2025 2024
£ £ £ £
Fixed assets
Tangible fixed assets 6 49,044 36,133
Current assets:
Debtors 7 333,194 257,361
Cash at bank 907,260 672,154
1,240,454 929,515
Current liabilities:
Creditors: amounts falling due within one year 8 370,391 244,516
Net current assets 870,063 684,999
Net assets 919,107 721,132
Funds
Restricted funds: 10 261,528 82,366
Unrestricted funds: 12
General funds 657,579 638,766
Total funds 12 919,107 721,132

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved on 16th July 2025 and signed by

Ryan Wain Chair of Trustees

15

PRISON RADIO ASSOCIATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Note
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
a
Cash flows from investing activities:
Interest from investments
2
Purchase of property, plant and equipment
6
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Summary of the cash and cash equivalents at the end of the
reporting period
Cash at bank and in hand
a. Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the year
Depreciation charges
Loss on disposal of fixed asset
Interest from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by / (used in) operating activities
2025
£
258,627
12,518
(36,039)
(23,521)
235,106
672,154
907,260
907,260
2025
£
197,975
16,073
7,055
(12,518)
(75,833)
125,875
258,627
2024
£
15,922
10,123
(7,178)
2,945
18,867
653,287
672,154
672,154
2024
£
26,355
15,688
-
(10,123)
(30,369)
14,371
15,922

16

PRISON RADIO ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies

(a) 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) issued in October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006, and UK Generally Accepted Accounting Practice.

Prison Radio Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are presented in pound sterling.

(b) Funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subject to restrictions on their expenditure imposed by the donor and are to be solely used for particular areas of the charity's work. Designated funds are unrestricted funds of the charity which the trustees have earmarked for a particular use in the future.

(c) Income

All income is included in the statement of financial activities on an accruals basis when the charity is entitled to the income. Grant income provides funding to support charity activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Investment income is included when receivable.

(d) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. It includes any VAT, which cannot be fully recovered and is reported as part of the expenditure to which it relates. Costs of generating funds comprises the costs associated with attracting voluntary income. Charitable expenditure comprises the costs incurred by the charity in the delivery of its objectives. Governance costs comprise expenditure incurred in running the charitable company. Any apportionment between costs is done on a time basis.

(e) Fixed assets and capital expenditure

These are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset as follows.

Computer and Radio Equipment - 33% on straight line Furniture and Fixtures - 10% on straight line

(f) Taxation

The company is a registered charity and is exempt from taxation on its charitable income.

(g) Going concern

The financial statements have been prepared on the going concern basis. The directors are satisfied that available sources of finance and future funding income are sufficient to enable the company to continue to meet its liabilities as they fall due.

(h) 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.

17

PRISON RADIO ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting Policies (Continued)

(i) Creditors

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.

2. Income

Income from charitable activities to reduce
re-offending:
Donations
Grants
Other income
Investment Income
Bank interest received
Charitable Activities
Grants for Prison Radio Services
Commissioned Productions
Reimbursed Licence fees
Development and Training Programme
Total
Unrestricted
Funds
2025
£
247,750
7,092
254,842
12,518
30,000
275,143
43,570
31,500
380,213
647,573
Restricted
Funds
2025
£
-
-
-
-
1,084,917
-
-
-
1,084,917
1,084,917
Total
2025
£
247,750
7,092
Total
2024
£
194,333
1,277
254,842 195,610
12,518
1,114,917
275,143
43,570
31,500
10,123
848,890
279,000
44,087
29,650
1,465,130 1,201,627
1,732,490 1,407,360

3. Expenditure on charitable activities

Salaries, social security and pension
Other staff costs
Accountancy and book-keeping
Direct project costs
Website and IT costs
Office costs
Radio costs
Prison Radio International
Audit fees
Support costs
Governance costs
Total Expenditure
Raising
Funds
2025
£
115,212
-
-
-
-
1,762
-
-
-
116,974
18,924
3,961
139,859
Charitable
Activities
2025
£
917,270
-
-
146,731
10,471
-
82,747
31,469
-
1,188,688
170,317
35,651
1,394,656
Governance
Costs
2025
£
31,726
940
-
-
-
446
-
-
6,500
39,612
-
(39,612)
-
Support
Costs
2025
£
78,355
32,564
8,721
-
9,260
60,341
-
-
-
189,241
(189,241)
-
-
Total
2025
£
1,142,563
33,504
8,721
146,731
19,731
62,549
82,747
31,469
6,500
Total
2024
£
1,038,498
28,175
7,480
109,020
23,502
49,495
82,094
36,541
6,200
1,534,515
-
-
1,381,005
-
-
1,534,515 1,381,005

18

PRISON RADIO ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Net Income/(Expenditure)

Net income/(expenditure) is stated after charging: 2025 2024
£ £
Depreciation - owned assets 16,073 15,688
Loss on disposal of fixed assets 7,055 -
Auditors' remuneration 6,250 6,000

5. Staff Costs and Numbers

The charity employed an average of 29 members of staff during the accounting period (2024:26). The costs were:

Salaries
Social security costs
Pension costs
2025
2024
£
£
995,073
906,633
98,142
88,767
49,348
43,098
1,142,563
1,038,498

One employee earned between £100,000-£110,000, one between £90,000-£80,000, one between £80,000-£90,000 and one between £60,000-£70,000 during the year (2024: one between £90,000£100,000, one between £80,000-£90,000 and one between £70,000-£80,000).

One trustee was reimbursed travel expenses of £111 during the year (2024: £nil). No remuneration was paid to any trustees in the year (2024: £nil). The PRA incurred Trustees' Indemnity Insurance expenditure of £446 (2024: £446).

Key Management Personnel

The total employment benefits of key management personnel were £384,889 (2024: £361,524).

6. Tangible Fixed Assets

Cost at 1 April 2024
Additions
Disposals
Cost at 31 March 2025
Depreciation at 1 April 2024
Charge for the year
Eliminated on disposal
Depreciation at 31 March 2025
Net Book Value at 31 March 2025
Net Book Value at 31 March 2024
Computer
£
82,217
9,271
(24,719)
66,769
69,585
10,328
(24,719)
55,194
11,575
12,632
Furniture
Total
£
£
57,780
139,997
26,768
36,039
(40,554)
(65,273)
43,994
110,763
34,279
103,864
5,745
16,073
(33,499)
(58,218)
6,525
61,719
37,469
49,044
23,501
36,133

Fixed assets are all used for charitable purposes.

19

PRISON RADIO ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

**7. ** Debtors
2025 2024
Trade debtors 159,904 75,854
Prepayments and accrued income 173,290 181,507
333,194 257,361
**8. ** Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 25,010 21,115
Taxation and social security 50,113 34,558
Accruals and deferred income 285,786 181,016
Other creditors 9,482 7,827
370,391 244,516
Deferred income comprises income received in the year that is attributable to the following year in which the
expenditure will be incurred.
2025 2024
£ £
Balance of deferred income as at 1 April 2024 150,248 137,286
Amount released to income earned from charitable activities (150,248) (131,286)
Amount deferred in year 247,112 144,248
Balance of deferred income at 31 March 2025 247,112 150,248

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
2025
£
23,175
7,725
30,900
2024
£
7,012
-
7,012

20

PRISON RADIO ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

10. Restricted Funds

Restricted Funds
Ministry of Justice Core Grant
Employment and Training
NPR Programming
Podcast Network
Radio Production Workshops
Prison Radio International
HMP Brixton Project
HMP Styal Project
Mental Health in Custody
As at
31/03/2024
-
-
45,129
8,688
23,940
-
4,609
-
-
82,366
Income
300,000
101,000
245,957
214,352
-
123,275
5,500
74,033
20,800
1,084,917
Expenditure
(300,000)
(89,973)
(161,594)
(214,266)
(23,940)
(40,814)
(5,500)
(37,587)
(20,800)
(894,474)
Transfers
-
-
-
(436)
-
-
(4,609)
(6,236)
-
(11,281)
As at
31/03/2025
-
11,027
129,492
8,338
-
82,461
-
30,210
-
261,528

Ministry of Justice: The continuation of providing a national prison radio service.

Employment and Training: Grants providing salary and support costs for a position to aid employment, education or training progression routes for pre-release/released prisoners engaged in radio production activities.

NPR Programming: Grants to fund specific programming themes supporting prisoners through their sentence and providing information to aid them on release.

Podcast Network: Grants to fund the pilot of a podcast network aimed at people who have recently left prison, people in the wider criminal justice system and the families of people in prison.

Radio Production Workshops: A series of radio production workshops at Feltham Young Offenders Institution producing topical content for broadcast to YOI's though NPR.

Prison Radio International: Support for the development of prison radio globally.

HMP Brixton Project: Grants to support the national prison radio service in Brixton.

HMP Styal Project: Grants to support the national prison radio service in Styal.

Mental Health in Custody: A collaborative research project addressing mental health in custody through

11. Funding Providers

The Prison Radio Association is grateful for the support given by funders during 2024-2025. These included:-

HMPPS The Big Lottery Fund The Balcombe Trust Children In Need Santander UK Foundation Limited The Swire Foundation The AB Charitable Trust The Soho House Foundation Stichting Benevolentia Peter Harrison Foundation Audible Ltd Gamble Aware

Armed Forces Covenant Fund The Welland Trust The Bromley Trust The Mary Kinross Charitable Trust Drapers' Charitable Fund The 29th May Charitable Trust The Fishmongers' Company's Charitable Trust The Worshipful Company of Weavers Sony Music Group Inthallo Ltd City and Metropolitan Welfare Charity The Aurum Trust

21

PRISON RADIO ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12. Analysis of Net Assets Between Funds
Fund balances as at 31 March 2025 are
represented by:
Tangible fixed assets
Net current assets
Unrestricted
Funds
£
49,044
608,535
657,579
Designated
Funds
£
-
-
-
Restricted
Total
Funds
2025
£
£
-
49,044
261,528
870,063
261,528
919,107

13. Related Party Transactions

The Prison Radio Association is controlled jointly by the Board of Trustees.

During the year there were no related party transactions.

There were no outstanding balances at the year end.

14. Statement of Financial Activities Detail for 2024

INCOME
Donations and legacies
Income from charitable activities
Investment Income
Total Income
EXPENDITURE
Costs of raising funds
Expenditure on charitable activities
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds at 1 April 2023
Total funds at 31 March 2024
Unrestricted
Funds
2024
£
195,610
382,737
10,123
588,470
63,163
516,982
580,145
8,325
1,734
10,059
628,707
638,766
Designated
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
Funds
Total
Funds
2024
2024
£
£
-
195,610
818,890
1,201,627
-
10,123
818,890
1,407,360
-
63,163
800,860
1,317,842
800,860
1,381,005
18,030
26,355
(1,734)
-
16,296
26,355
66,070
694,777
82,366
721,132

22