REGISTERED COMPANY NUMBER: 03642582 (England and Wales) REGISTERED CHARITY NUMBER: 1119865
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 October 2025
for
Drystone Radio Limited
Mr R M Watson MA; FCA Manby Castle Embsay Skipton North Yorkshire BD23 6PH
Drystone Radio Limited
Contents of the Financial Statements for the Year Ended 31 October 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
Drystone Radio Limited
Reference and Administrative Details for the Year Ended 31 October 2025
TRUSTEES D C Adams FCA, CTA, FIMgt Chief Executive J M T Rose A Rankine S Rhodes B J Wilkinson (appointed 27.3.25) A Barnes (appointed 27.3.25) COMPANY SECRETARY Mrs C Adams REGISTERED OFFICE 82 Keighley Road Cowling Keighley West Yorkshire BD22 0BA REGISTERED COMPANY NUMBER 03642582 (England and Wales) REGISTERED CHARITY NUMBER 1119865 INDEPENDENT EXAMINER Mr R M Watson MA; FCA Manby Castle Embsay Skipton North Yorkshire BD23 6PH BANKERS Unity Trust Bank PLC PO Box 7193 Planetary Road Willenhall WV1 9DG Lloyds Bank Limited 45 Hustlergate Bradford West Yorkshire BD1 1NT
Page 1
Drystone Radio Limited
Report of the Trustees for the Year Ended 31 October 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the charity is to advance the education and training of the public in particular, but not exclusively, persons who have a learning disability, in radio broadcasting and media skills techniques.
The strategies employed to achieve the charity's objectives are to: Train individuals of all ages in radio broadcasting;
Provide the Craven and Wharfedale areas with an independent voice which challenges, enriches, informs, stimulates and entertains by targeted broadcasting to the diverse strands of the whole community; Provide confidence and building experience through the provision of courses;
The charity's aims, objectives and activities are reviewed each year. This review looks at the activities undertaken in the previous year to ensure that benefits have been brought to those groups the charity was set up to help, the review also helps to ensure that our activities remain focused on our stated aims and objectives. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning the charity's future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.
Volunteers
The charity is grateful for the assistance of 32 volunteer workers during the year.
STRATEGIC REPORT
Achievements and performance
Charitable activities
During the year the charity continued to broadcast on the internet and on FM and DAB and continued to expand its outside broadcast activities including sports commentaries.
All activities of the charity have been conducted in accordance with the concept of social gain and within the charter of the Community Media Association.
The charity has trained 31 individuals in broadcasting skills and employed or supported 2 individuals of a vulnerable nature throughout the year.
The charity has worked with many organizations during the year by promoting their objectives .
By undertaking these projects the charity has made significant beneficial differences to individual lives as well as enriching the lives of the local community with its radio broadcasts and thereby fulfilling its stated aims and objectives.
Fundraising activities
During the year the charity continued a general commercial strategy involving raising funds through donations, gift aid as well as advertising .
Financial review
Financial position
The total reserves of the charity amount to a negative figure of £1,987 in unrestricted reserves ( 2024 negative £9,255)) and positive restricted reserves of£1,154 (2024 positive £1,358).Free reserves amounted to a negative figure of £21,036 ( 2024 negative £30,320).
Income from donations and gift aid has increased by £17,691 to £106,477 from £88,786 during the year but income from advertising a has decreased to £1,035 from £6,265, and there has been £103 received in sale of sundry assets (2024 £301).. Total income has therefore increased by £12,263.
Total expenditure has decreased by £7,220 from £107,771last year to £100,551 an decrease of 6.7%. Overall there has been an excess of income over expenditure of £7,064 compared to an excess of expenditure over income of (£12,419) in the previous year.
Principal funding sources
The principle sources of funding are donations ,gift aid and advertising revenue.
Page 2
Drystone Radio Limited
Report of the Trustees for the Year Ended 31 October 2025
STRATEGIC REPORT Financial review
Reserves policy
The trustees plan to establish a level of reserves (that is those funds that are freely available) over the following years which allow the charity to operate and meet its objectives
Going concern
The accounts have been prepared on a going concern basis as although the charity has net current liabilities of £ £21,036, any shortfall will be covered by the directors in the short term and it is the intention to build up the free reserves of the charity over the coming years.
The trustees have looked at forecasts and are satisfied that the charity has adequate resources to continue to operate for the foreseeable future.
The charity is looking to increase its revenue and expenditure will not be authorised unless sufficient funds are in place.For these reasons and with the continued financial support of the trustees, it is felt appropriate to continue to adopt the going concern basis for preparing these financial statements.
Principal risks and uncertainties
The major risk identified is the financial sustainability of the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, liaison with the bank and active management of debts due to the charity. This is managed by the treasurer and reviewed by the board of trustees.
Non financial risks arise from fire,health and safety of staff and visitors,the protection of vulnerable people,the management of performing rights and food hygiene. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place and making staff aware of their responsibilities in these areas.
External risks relate mainly to the general economic conditions which affect the level of income receivable especially with the downturn in the economy and the cost of living increase.
Financial and risk management objectives and policies
The trustees have a duty to identify and review the risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
Future plans
Since the Balance Sheet date the company began broadcasting on DAB to South Craven, Wharfedale and the Worth Valley.
It is also extending its broadcasting reach by means of Cloud broadcasting.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
To become a trustee of the charity you must deliver to the Company an application for membership, no person can become a trustee of the Company unless they are approved by the directors. There were 6 Directors/Trustees at the year end The liability of each member in the event of winding up is limited to £1.
As set out in the Articles of Association there shall always be a minimum of three directors/trustees, there is no maximum number of directors or trustees. All trustees are directors of the charitable company. The charity is managed and overseen by the trustees.
Organisational structure
The Trustees/ directors make decisions regarding all strategic matters and all expenditure. The charity has appointed joint station managers who makes day to day operational decisions.
Induction and training of new trustees
The policy for inducting and training the trustees has been reviewed and a training plan produced
Key management remuneration
Remuneration of staff is governed by market rates.
Page 3
Drystone Radio Limited
Report of the Trustees for the Year Ended 31 October 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
The only related parties are the trustees and company secretary . Details of related party transactions are contained in notes 6 and 17 to the accounts.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Drystone Radio Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 14 May 2026 and signed on the board's behalf by:
D C Adams FCA, CTA, FIMgt - Trustee
Page 4
Independent Examiner's Report to the Trustees of Drystone Radio Limited
Independent examiner's report to the trustees of Drystone Radio Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.
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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 accounts 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 confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts 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 accounts to be reached.
R M Watson
Mr R M Watson MA; FCA Manby Castle Embsay Skipton North Yorkshire BD23 6PH
14 May 2026
Page 5
Drystone Radio Limited
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 October 2025
| 31.10.25 | 31.10.24 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 2 | 106,477 | - | 106,477 | 88,786 | |
| Other trading activities | 3 | 1,035 | - | 1,035 | 6,265 | |
| Other income | 4 | 103 | - | 103 | 301 | |
| Total | 107,615 | - | 107,615 | 95,352 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 88,528 | - | 88,528 | 90,034 | ||
| Charitable activities | ||||||
| Radio Station | 11,819 | 204 | 12,023 | 15,712 | ||
| Other | - | - | - | 2,025 | ||
| Total | 100,347 | 204 | 100,551 | 107,771 | ||
| NET INCOME/(EXPENDITURE) | 7,268 | (204) | 7,064 | (12,419) | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | (9,255) | 1,358 | (7,897) | 4,522 | ||
| TOTAL FUNDS CARRIED FORWARD | (1,987) | 1,154 | (833) | (7,897) |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 6
Drystone Radio Limited
Balance Sheet 31 October 2025
| 31.10.25 | 31.10.24 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 9 | 18,959 | 1,154 | 20,113 | 23,345 | |
| Investments | 10 | 90 | - | 90 | 90 | |
| 19,049 | 1,154 | 20,203 | 23,435 | |||
| CURRENT ASSETS | ||||||
| Debtors | 11 | 9,614 | - | 9,614 | 8,330 | |
| Cash at bank and in hand | 153 | - | 153 | 9 | ||
| 9,767 | - | 9,767 | 8,339 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 12 | (30,803) | - | (30,803) | (38,659) | |
| NET CURRENT ASSETS/(LIABILITIES) | (21,036) | - | (21,036) | (30,320) | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | (1,987) | 1,154 | (833) | (6,885) | ||
| CREDITORS | ||||||
| Amounts falling due after more than one year | 13 | - | - | - | (1,012) | |
| NET ASSETS/(LIABILITIES) | (1,987) | 1,154 | (833) | (7,897) | ||
| FUNDS | 16 | |||||
| Unrestricted funds | (1,987) | (9,255) | ||||
| Restricted funds | 1,154 | 1,358 | ||||
| TOTAL FUNDS | (833) | (7,897) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
Drystone Radio Limited
Balance Sheet - continued 31 October 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 May 2026 and were signed on its behalf by:
D C Adams FCA, CTA, FIMgt - Trustee
The notes form part of these financial statements
Page 8
Drystone Radio Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Leasehold property alterations | - 15% on reducing balance |
|---|---|
| Plant and machinery | - 15% on reducing balance |
| Fixtures and fittings | - 15% on reducing balance |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.The four restricted funds relate to grants received in respect of capital items which are being written off in line with depreciation on those items.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Grants
Government grants and third party contributions and donations are recognised as due to the charity when there is reasonable assurance that the charity will comply with any conditions attached to the payments and that the grants or contributions will be received.
Grants recognised as income are presented separately in the notes to the accounts.
Going Concern
The accounts have been prepared on a going concern basis as although the charity has net current liabilities of £21,036 any shortfall will be covered by the directors in the short term and it is the intention to build up the free reserves of the charity over the coming years.
continued...
Page 9
Drystone Radio Limited
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
1. ACCOUNTING POLICIES - continued
The trustees have looked at forecasts and are satisfied that the charity has adequate resources to continue to operate for the foreseeable future.
The charity is looking to increase its revenue and expenditure will not be authorised unless sufficient funds are in place.For these reasons and with the continued financial support of the trustees, it is felt appropriate to continue to adopt the going concern basis for preparing these financial statements.
2. DONATIONS AND LEGACIES
3.
| Donations Gift aid OTHER TRADING ACTIVITIES Advertising & sale of service |
31.10.25 31.10.24 £ £ 83,657 70,762 22,820 18,024 106,477 88,786 31.10.25 31.10.24 £ £ 1,035 6,265 |
|---|---|
4. OTHER INCOME
This relates to the sale of small items of equipment.
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.10.25 | 31.10.24 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 3,549 | 4,119 |
6. TRUSTEES' REMUNERATION AND BENEFITS
For the current year Mr A Rankine received remuneration from the company of £13000 (2024 £13487) for his role as joint station manager and Mr S Rhodes received remuneration of £16501 ( 2024 £21530) for the same role however he left this employment on 11th July 2025.
Retirement benefits are accruing for one trustee under a money purchase scheme. (2024 one).The aggregate amount paid by the company to this scheme was £495 (2024 £646).
The legal authority for such payments are contained in Article 6.2.1 of the Memorandum of Association of the company which states that payment is allowed "of a reasonable and proper remuneration to any trustee,officer or servant of the company for any services rendered to the company".
continued...
Page 10
Drystone Radio Limited
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
6. TRUSTEES' REMUNERATION AND BENEFITS - continued
Trustees' expenses
Trustees expenses of £710 were paid to one trustee for travel expenses during the year (2023 £853)
7. STAFF COSTS
| 31.10.25 | 31.10.24 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Wages and salaries | 33,858 | 35,017 | |||
| Other pension costs | 495 | 646 | |||
| 34,353 | 35,663 | ||||
| The average monthly number of employees during the year was as follows: | |||||
| 31.10.25 | 31.10.24 | ||||
| Station Managers | 2 | 2 | |||
| No employees received emoluments in excess of £60,000. | |||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 88,786 | - | 88,786 | ||
| Other trading activities | 6,265 | - | 6,265 | ||
| Other income | 301 | - | 301 | ||
| Total | 95,352 | - | 95,352 | ||
| EXPENDITURE ON | |||||
| Raising funds | 90,034 | - | 90,034 | ||
| Charitable activities | |||||
| Radio Station | 15,472 | 240 | 15,712 | ||
| Other | 2,025 | - | 2,025 | ||
| Total | 107,531 | 240 | 107,771 | ||
| NET INCOME/(EXPENDITURE) | (12,179) | (240) | (12,419) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 2,924 | 1,598 | 4,522 | ||
| TOTAL FUNDS CARRIED FORWARD | (9,255) | 1,358 | (7,897) |
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 11
Drystone Radio Limited
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
9. TANGIBLE FIXED ASSETS
| Leasehold property Plant and alterations machinery £ £ COST At 1 November 2024 2,030 84,870 Additions - 317 At 31 October 2025 2,030 85,187 DEPRECIATION At 1 November 2024 1,380 63,080 Charge for year 97 3,316 At 31 October 2025 1,477 66,396 NET BOOK VALUE At 31 October 2025 553 18,791 At 31 October 2024 650 21,790 |
Fixtures and fittings £ 6,173 - 6,173 5,268 136 5,404 769 905 |
Totals £ 93,073 317 |
|---|---|---|
| 93,390 | ||
| 69,728 3,549 |
||
| 73,277 | ||
| 20,113 | ||
| 23,345 |
10. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertakings | |
| £ | |
| MARKET VALUE | |
| At 1 November 2024 and 31 October 2025 | 90 |
| NET BOOK VALUE | |
| At 31 October 2025 | 90 |
| At 31 October 2024 | 90 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Aire Wharf DAB Limited
Registered office: in England Nature of business: Radio broadcasting
| % | |||
|---|---|---|---|
| Class of share: | holding | ||
| Ordinary £1 shares | 90 | ||
| 30.11.25 | 30.11.24 | ||
| £ | £ | ||
| Aggregate capital and reserves | 100 | 100 |
The company owns 90 £1 ordinary shares in Aire Wharfe DAB Limited out of a total issued share capital of 100 ordinary £1 shares.These shares are stated at cost in these accounts.
The first accounts for the company were for the period to 30th November 2024.and the only transactions were £5110 spent on set up costs and specifically an application for a DAB licence giving a £5110 loss for the year, There were no further transactions in the year to 30th November 2025.
Drystone Radio Ltd. has not prepared consolidated accounts as they and the group qualify as small under section 383 of the Companies Act 2006.
continued...
Page 12
Drystone Radio Limited
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 31.10.25 | 31.10.24 | ||
| £ | £ | ||
| Trade debtors | 100 | 2,430 | |
| Amounts owed by group undertakings | 5,020 | 5,020 | |
| Bad debts reserve | - | (2,430) | |
| VAT | 2,411 | 761 | |
| Prepayments | 2,083 | 2,549 | |
| 9,614 | 8,330 | ||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.10.25 | 31.10.24 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 14) | 1,567 | 1,500 | |
| Trade creditors | - | 1,513 | |
| Tax | 7,024 | 4,935 | |
| Other creditors | 1,120 | 702 | |
| Director's Loan account | 11,938 | 15,640 | |
| Bank Overdraft | 3,317 | 1,823 | |
| Accruals and deferred income | 5,837 | 12,546 | |
| 30,803 | 38,659 | ||
| 13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 31.10.25 | 31.10.24 | ||
| £ | £ | ||
| Bank loans (see note 14) | - | 1,012 |
14. LOANS
A government backed bounce back loan was received from Lloyds Bank for £8,000 in July of the year ended 31st October 2020 to assist with financing due to difficulties caused by the Covid 19 pandemic.No repayments were required during the first year and the government paid the interest during that year.After that interest is fixed at 2.5% .
Repayments commenced in August 2021 consisting of capital and interest repayments. The loan is repayable at the end of the sixth year although early repayment is permitted.
15. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 31.10.25 | 31.10.24 | |
|---|---|---|
| £ | £ | |
| Within one year | 2,000 | 2,000 |
Payments recognised as an expense during the year amounted to £2000 (2024 £7473). The current lease expires in October 2026.
continued...
Page 13
Drystone Radio Limited
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
16. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Local Network Fund Skipton Mechanics Institute Big Lottery Groundworks UK TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Local Network Fund Skipton Mechanics Institute Big Lottery Groundworks UK TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Local Network Fund Skipton Mechanics Institute Big Lottery Groundworks UK TOTAL FUNDS |
At 1.11.24 £ (9,255) 185 20 718 435 1,358 (7,897) Incoming resources £ 107,615 - - - - - 107,615 At 1.11.23 £ 2,924 218 23 845 512 1,598 4,522 |
Net movement At in funds 31.10.25 £ £ 7,268 (1,987) (28) 157 (3) 17 (108) 610 (65) 370 (204) 1,154 7,064 (833) Resources Movement expended in funds £ £ (100,347) 7,268 (28) (28) (3) (3) (108) (108) (65) (65) (204) (204) (100,551) 7,064 Net movement At in funds 31.10.24 £ £ (12,179) (9,255) (33) 185 (3) 20 (127) 718 (77) 435 (240) 1,358 (12,419) (7,897) |
|---|---|---|
continued...
Page 14
Drystone Radio Limited
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Incoming | Resources | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 95,352 | (107,531) | (12,179) | |
| Restricted funds | ||||
| Local Network Fund | - | (33) | (33) | |
| Skipton Mechanics Institute | - | (3) | (3) | |
| Big Lottery | - | (127) | (127) | |
| Groundworks UK | - | (77) | (77) | |
| - | (240) | (240) | ||
| TOTAL FUNDS | 95,352 | (107,771) | (12,419) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.11.23 | in funds | 31.10.25 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 2,924 | (4,911) | (1,987) |
| Restricted funds | |||
| Local Network Fund | 218 | (61) | 157 |
| Skipton Mechanics Institute | 23 | (6) | 17 |
| Big Lottery | 845 | (235) | 610 |
| Groundworks UK | 512 | (142) | 370 |
| 1,598 | (444) | 1,154 | |
| TOTAL FUNDS | 4,522 | (5,355) | (833) |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Local Network Fund Skipton Mechanics Institute Big Lottery Groundworks UK TOTAL FUNDS |
Incoming resources £ 202,967 - - - - - 202,967 |
Resources Movement expended in funds £ £ (207,878) (4,911) (61) (61) (6) (6) (235) (235) (142) (142) (444) (444) (208,322) (5,355) |
|---|---|---|
Page 15
continued...
Drystone Radio Limited
Notes to the Financial Statements - continued for the Year Ended 31 October 2025
17. RELATED PARTY DISCLOSURES
D.C.Adams ( Director and trustee of the charity)
During the year donations of £83,278 (2024 £70,123) were received from D.C.Adams. Travel expenses of £410 (2024 £710) were paid to Mr. D.C.Adams
Rent of £2,000 (2024 £7,473) was charged by Cragside Pension Scheme , a scheme set up for the benefit of D.C.Adams.
Lindley Adams Limited , a company of which D.C.Adams is a director charged Drystone Radio Limited £3,500 (2024 £2,850) for accountancy and related services.
At the end of the year the Company owed D.C.Adams £11,938 (2024 £15,640).
All related party transactions are unsecured.
The total amount of donations, with no attached conditions, received from the trustees during the year was £83,278 ( 2024 £70,473).
Page 16
Drystone Radio Limited
Detailed Statement of Financial Activities for the Year Ended 31 October 2025
| 31.10.25 | 31.10.24 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 83,657 | 70,762 |
| Gift aid | 22,820 | 18,024 |
| 106,477 | 88,786 | |
| Other trading activities | ||
| Advertising & sale of service | 1,035 | 6,265 |
| Other income | ||
| Sundry receipts | 103 | 301 |
| Total incoming resources | 107,615 | 95,352 |
| EXPENDITURE | ||
| Other trading activities | ||
| Wages | 33,858 | 35,017 |
| Pensions | 495 | 646 |
| Licensing | 12,574 | 9,645 |
| Rent, rates & water | 4,176 | 8,897 |
| Insurance | 1,291 | 1,279 |
| Light & heat | 2,317 | 1,704 |
| Production costs | 33,817 | 32,846 |
| 88,528 | 90,034 | |
| Charitable activities | ||
| Travel expenses | 410 | 710 |
| Telephone | 3,238 | 4,139 |
| Subscriptions | 108 | 268 |
| Sundries | 63 | 15 |
| Repairs | 395 | 249 |
| PR services | - | 2,410 |
| Depn of leasehold property alt | 97 | 115 |
| Plant and machinery | 3,316 | 3,845 |
| Fixtures and fittings | 136 | 159 |
| 7,763 | 11,910 | |
| Other | ||
| Bad debts | - | 2,025 |
| Support costs | ||
| Management | ||
| Bank interest | 356 | 47 |
| Finance | ||
| Bank charges | 259 | 701 |
| Carried forward | 259 | 701 |
This page does not form part of the statutory financial statements
Page 17
Drystone Radio Limited
Detailed Statement of Financial Activities
for the Year Ended 31 October 2025
| 31.10.25 | 31.10.24 | |
|---|---|---|
| £ | £ | |
| Finance | ||
| Brought forward | 259 | 701 |
| Credit charges | 99 | 117 |
| Loan interest | 46 | 87 |
| 404 | 905 | |
| Governance costs | ||
| Accountancy fees | 1,750 | 1,550 |
| Independent examination | 1,750 | 1,300 |
| 3,500 | 2,850 | |
| Total resources expended | 100,551 | 107,771 |
| Net income/(expenditure) | 7,064 | (12,419) |
This page does not form part of the statutory financial statements
Page 18