Charlty mglstratlon numbor 1122062 Compary rqgistsation nurnber 06424610 (England and Walos) BAUER RADIO'S CASH FOR KIDS CHARITIES (A company Ilmited by guardnte?) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 TreeAccountancy Llmlted Charteved ceried Ae¢Dunt#nts & Registered Audlto 3rd Floor Eastgate Castle Street astlefield ManchesteF
BAUER RADIO'S CASH FOR KIDS CHARITIES CONTENTS Pag• Trust8e5' fEFOrt& Stratecrep(t Staternentoftru5tees' fE5ponsth"1th5 IndeFewJent audbtofs rwrt 9-12 Statementol financral activiknes 13 Balance sheet 14 statement ofc8$h 15 Notes to the fInana slaternerrts 16-33
BAUER RADIO'S CASH FOR KIDS CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION rnESte8S MBdl D Sirnpson G Stn SAiithison MBE S Madey S Voss Mr S lfjlty (Appointed 30 November 20231 Chalr sAitchi$ MBE Secretary TLynas Charity number 11221 Company nurnber CU2•1810 Registered office Hampdon Flouse FalrAn Court PrestOFt Farrn Ir*s1ri21 Estate &od(ton.On-Tee5 TS18 3TS Audltor TreeAccountancy Limiled Charted Certifie(l Accountsrt8 & Registered AiJdii¢r 3rd Floor. Eastgate CasUe Street Casefie M3 4LZ Bankers Barf( d Scouand StJames Gate 1418 Cod(spur Slreei London SWIY SBL Solicitors Warne Bond Di(inson LLP StAnn'5Mknalf 112 Ouayside Newcastle UponwTyne NE130X
BAUER RADIO'S CASH FOR KIDS CHARITIES TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees Prn1 thelr annual report and financaal statements for he yearended 31 December 2023. Tha financial ststements have been Nepared in afA)tdance the 8¢¢cunlÈng poliw sel out in note 1 to the financial statements and comF4y the c17ariils tgoveming dccumentl, the Companies Act 2CMJ6 and"Ac¢ounting and Reporing by Charitse& Staiement of R8¢ommended Pracce appficable to ¢hwity"es preparing theiraccounts in accordance with the Finanoal RepDrtirg Slandard apF4i¢ablE in the UK and RepublK of Ireland IFRS 102)" (effectivè 1 January 2019 Objectives and actbvSileg Cash for ]Qds is Bauer k4edia AL*lio's tr•m Charity. ara a nabonal charity th 22 ldIY based t&ams auoss the UK This gNes us the opportyjnity to engage ¥th naticfial eampanies whi15t maint2inirFg a grass roots connection with local comrnunities. Bouer Medi8 UK is part ol the wijer 88vw Media Croup arKI i5 the No.1 UK Publisher the No.1 Oigital Commeroal Audio broadcaster. An entertainmenl neNvork of iconic and Innovative multi-platfomi brands reathing 2S million consumers USTng insight I1Ct to tell stories that are refevant to aLKliences and adverbsers alike d2liYeiing rJJKural impact Our Mission is to improve IhE fives ofdisadvanta9ed chldren and young Fe¢F40 OUT communities. We ar8 a grant gNing tharlty halplng children and young people O tts 18 years. We will grant to hefp children wha a dispdvantaged, liwng in poverty. suffering abuse, have life lirnsting iJlne55e5 OT need addibonal support needs. To support this. Bauer strive5 towards creating a rJJllure at work in whith diversity is akyieL7ated and 5UPPDrted, wh8rB opportunities are open to all, wher8 pooplg treat each other with respectand get the $8me in return. The support we rBreive from Baugr Media 15 exte and it Is this support that enab us to deliwr 8 mlnlmum contrbutlon of 80%. In 2023 this fgure was 86%. Our teams are all focused on impxtant it is to contrd costs. We Dperats strict guidelines For maryin5 on events to ensure we arè d81énng evonts for fvndrai5ing and not Showcas1J. 2023 was a htghty $uc¢essful year for Cash for KKIS despile the challeroes Ihat the Cost-of-Living brought The hJThdraisiThJ lotal delivered was an inpres5Ne £17.223.105. M05t importanlly has enabled us lo help over 395,232 chibjren in EThJland. Wdlès & Northem Ireland. Thls is lha to our amazing donors and supporters. We have a loyol omy ol comp?nie4 cCrnmUnes aThJ indivtduals helping u5 to atheve tyjrgoals to hElp mor8 thIn. Annually wè have ts¥o maior pillar campaigns lor fvndralsing aluned to Bauer a11. Gash fvr Kids Day and Mission Chiistma3. In addtbon, we ayso run Sp)rt5 Challenge in Q3. Our fo¢ is to raise hjnds and grant them throughout the year fortfifferent a$ ofsupporL
BAUER RADIO'S CASH FOR KIDS CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 SIX ar¢a8 of 8upporL' Poverty, Mental Health and ¥%ellbeing. Sport and physiral wellbeing, Disability aThJ Hfv I("ng Illness. Education and esSeThI1 skllls. Dfversity, and Indusion. Wa arè oftèn asked how we ensure the fvnds are gètbng tt+ th& 0p[e who need them and what Ls the prow$. All pplications are through Giwng is Easy online. Cash for are 2 papedes5 tharity. Every one of our 22 sites hes a Local Exec Board. The indiwduals come from a vari2ty uf bad(grounds Yjilh local knowledge of the néèds ol Iheir eammuniiies. Exec boards mak8 the deo8ions ts our general grant rounds onJJ Sprs Challenge regi5tratK)ns. The GOslf-LMg grJnts are distnbuted at pw clmld via xcial servi5 and Head teacher Al granl redplents must provKle rei¥s and eN1d&1 ofthe irnpact the funds have made. Examkq&s forthe ¥1-01ving granl rouThJ M) 01 2023.. The vou¢hers have made a huge difference to famile& The f8milies received v0berS face difficulties where they are in unernploymenL battling illn. young ¢arers. * affected by famiby trnprisonmtrnt and v8ri0US Other situations where they are Ilwng in Stressfvjl situations. They have been able to buy w8m ¢lothing to wear duriru tne$ vthen Ih¢y nn01 atlryd to put the heating on and have allDwed our farn115 to buy shopping tstheir farnilie Famllie5 have been incredibty grateful. 11 mean5 a lot kn thèm Ihal Ih•y ¢an 90 shopping and fill thgir fr6dge and ¢upt)oards with meals for ihe family. had one mother saw r( as suc a treat th she wa5 able to tske hertsvo children to the supeorket and let them put extra focd in the Irolley that Ihey would not U5uaty be ablp to affDrefius1ify. It F5 rnore ernpoweriro for parents being ab to go to Ihe gupernarket themsetr than lY Sole on the fOodbar5 an(J r( has meant that we ¥$ an trgani$ats"on have had to make ler referra15 lo the foDd bank. It is dear lo see the irnp8rA on having had per mea15 at home has on our thIk1Th en they tL)me into sthocl hawng had breakfast, they are far happierand mcTr alwL Th8 costf-LlV7n9 grant round was £70&251 In tot4 and Wped 14.173 thildretL
BAUER RADIO'S CASH FOR KIDS CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plllar Campalgns 2023 saw the fir51 time that all of Bauer Medba Audio's (adio bratsJs supwt our pillar campalgng, C88h lor lfjds Day and Mtsslon Chri3tm Cash lor Kids Day dislributed £397,352 and wa$ reslrided to fd the Cost-of-Living granl rDund. Thank you lo all Ihe Bauerteams aThJ p serf5 for Wling so invow. Cash for Klds Day continued our foc on hefflg I111e8 who had been impaclwJ by the co31-of4Tring crisis. Funds raised would provM1e vital grants to hel> them pay for the basic essentials suth as food, energy 11$. tailetries, nappies, and dothÉro. Mission Chrfstmas Fc4lowing the success of Cash lor lfjds Oay, MI$51 Chrisbmas 2023 was supportod by all BauEr Media Audio radio brands lor the first Ume. The new staitons intrCJUd thelr audien5 to the reason why Mi35ion Christmas is so importanL and why is even more relevant and needed in the midst of a Gost-of-INir risis. ij'steners to all stats.ons were encouraged to drop off a at one of our many drop off points. to buy a gift from our onlin& gift list or to dale to enable us lo MO gift&is the UKS biggesttoy aprml. The meysaye is very ympje. We want ew chftd to wake up to gifts on Christrnas momiro. Many familles are Slruggling to deckl8 whèther lo'&at or hear and gifts and Christrna$ arejust a luxury tw cannot afftjrd. The radio listener5 are asked to purchase one exba giftvth•n shopF4rg go to our onllne Gift ILSI and pvrcha5e a toy to dellvered dire1 to our 23 Wah01e$ 8¢xDss ts UK In a(1diti"¢, ¢g¥h donab.ons altrw LL4 lo use our purthasing power to fulfil order5 frcrn Social seIce% In 2023 Mission Chrisknas ralsed £13,732.825 and 258.492 thildren. have a team of 6.OC(I votuntEers who come into the wathse8 and sort and s8greg8te thè glfts and toy8 into the anonyrnis8d orders receNed. These are then ¢oleded and distnbubj to the families via social services. th 5UPPOrt frcffl our key partners. B & IA. Foresters Financaal Wces plus many supporters in each Ioc81 rgglon wtr were ab to distiibute gifls ond toys. rampaign gives the parents the dignity of 4e to wrap gifts for their chldren and lorthe chihjren itmeans that foron day there sornejoy. would also Ie to thank the players of the peo,$ P051coJe Lottery. received a substantial donation whKh was used to directty help over s.¢ chikJr8Th. VIÈ continue io focus on ensurtng we give visibility to our donors ofthde lhr monry is going and how it is helyng children and yourg people reach th&r wtenti81. Thwr priority is Ihai thsy under5tsnd ihe charity is well govemed and thattheir generJS donoD"ons will get to the th1bjn fast Fundraising is drivon by lundr8isers and the relabonships Ihat they develop viih their rjonors. and I would like to ihank our teams for their success in won9 all our 5UPPNters. Cash for lfjds ara grani rn¥ng thaiiLtes and bellew thai Ihe fijnds raised sh¢uld be granted out regularly to allow our donors the opporhjnity to have the Msibilty of vthwe thEir muney is gang and how il is impacting on chikjren's INe& This also alltsws tyjr benefi(awies ular ac$$ to ne¢e&8ary fundir¥J whether this is foT an individual or a grcyJplprole¢ Cash for KKIS hill hdp any thild up to the age of 18 yeats whts is di8afknntsgeA or neeolng eddOnal 5UPPOrt to athieve thelr POntial. The diverwty of the grants dernon5trates Ihat we afe a chaiity thJlfilliTrJ a growing r*ed that is not 5UPPWted by Othercharl or G0¥MénL
BAUER RADIO'S CASH FOR KIDS CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Savant• 8rnnd Vue annual suniey Each Year the iniemationalty research company Sawants 60.ODO pec9 in thè UK 8bout the Most Lov&0 ch8rfti&8 U) the UK. The published Il is for 120 thariti"e l am proud to say that Cash for lfjds has Fncxeasp4J its Won forlhB last three yea¥s and is now Ihe UKS 4th Most loved Children's charty. This is such an imFQrt3nl rnelric as it demonstrates thg deep conn9cUon with our values. Wa ara up for the third year. Now the fourth rn05t loved Children¥ ¢harrty and the 201100 in the UK for overall. Tracking 120 plus tharitie& In the total 5t are pJace(J atrad of. Chldffinq NSPCC. TnagE Cancer T[ Savg the Children and Comlc relief. Digital & Plans for Future Perlods Confldente in ourTechnology and Innovatlon At Cash for kn'ds. we reccyni5e the need for matntsining a strong fotsjs on digilal technology. it is cantral io our vision for a streamlinwJ. efficsenL progressive charity right atross the UIL an wa made the declslon to Invast in devekpment of our ifvhouse systems our goal was to create dNJital plafforrns that delivered the greatest value forour inve5tmenl vthile offeEirg our benefioaries, supportèrs. and tearns the very best user experience bespoke to our brand and visio Keeping this purposE centrdl in our approach to dewlcpment and the adoplion of new lecnolcgy ensures we can ojntinue to Incre8se efficaency while ueaD"ng pJweFful trxjls for our teams to better serve our SUPPDrters and distribute the funds raised. In addthon to the day-tcAay value Ihis gEnerates for bolh fvndTain9 and opèratlons, il providas us wlh a foundatSon to respond quIY to new challenge$ and opportunrt as they ari We have successfvlty tsken innovations from conc8pOon to ddNery in a matter of weeks insle8d of months or years. The latest exakn"Th3 inveslrnent technDlogy wth 2 new partner5li'p with Blad(baud where we will ba integting Raisw's Edge NXT into GiwtvJ i% Easy. Blackbaud Ralser's Edg¢ NXT. the ffrst truty comprehensive doutj-based fundraising and ¢knor rnanagement soth¥are solution buitt speufically forcharitie& This 11 enhan our donor relat)nshlp Manayiert alun wh our ffinanTr fun(on5. and oifer further ease of working to ourteam. Financlal revlew The resuts for the pericd and ffinanraal position of cornpany are a$ Shry on pag& & Total Incom& in the year was £17.223.105 (2022- £13.972.5101 net incom for Ihe year of £1,480.28212022 £193,459). It 15 the policy of the char6ty thal tsnrèstsi¢ted fvnds whtch haw not been de5Jn8ted for a spec4fic use Should be maintained at a level al least cquivalent to btheen three and six rnonlhs of operdbng costs. Our ojrrent level of reseNe5 £52$,]. The Tn15$ consider that r8SèlWS tyt Ihis level will engjre Ihat in the event of a signlficant drop In lun(Jing. Ihey wdl be able to conionue the thawivs Trert actbyib.es while consideration 1$ given lo way5 in which addthon21 funds may be raised. Llve our reseJves WAI gibE our e$tIng and Fotsnb"al funder% d¢¢s, benefiuarie5. and oth stakehokyer's confiderTr that the tharitys finances arè bèing property by demonstrating good stswardship and active finanLial rnanagwMenL It 30 manages the risk to our reputation from un¥ent funds at the year*nd thujl eXFl8nats"C. The d)arlty has a sirategic plan in pLace which dearty outlines all planned inrnme activthe4 costs of generating fuThls. overheads. and surplu5 frjnds available for granting to beneficiaries. The plans are reviewed 8nd monftored n a very bght basis and action plans are impkniented for any FX)trntial drop in in¢xme.
BAUER RADIO'S CASH FOR KIDS CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Slructure. governan¢¢ and man?gempnt The iDJstees' who are Ihe directors of the thwity in Complian with s414C ol the CcxnpanS Act 2006, present their rq)ortwith the finanu31 statements of the charity for the year ending 31sl Dwnbtrr 2021. Tho Twstses have 8doptad the PTOYiStons of Accounbng and Reporting by Chariiies.. Slatement of Recommended Pracbce applicable ta thant5 preparing thr accounts in accordance th Ihe Finanrial Repoiting Standard for Smallgr Enbtiès. The charity is controlled by its goveming documEnt and con5tikntes a IKnited crAnpany, limii&Y by guarantee, as defined by the companies Act 2[6. The Member3 are Ihe subscnbers to the Memorandum. Subsequent MernterB shall be aPpnted by the Trustees who shall have csented in writirrtJ to becorne Member5 and whosg n3rnes appèar in the Register. Eac Member has a m3muM liabilty Under Ihe guarantee of £1. The Trustees are apportioned in accordan vhth the prOdureS set jtln the Memorandum andArtidB5 of A55Diation. The trustees, who are also the direcaors for the purw)se d eompany law, and served during the year and up to the d2te ofsignature ofthe finanoal stslèments wèro- M Ball D Simp50n G St&n St¢isOn MBE D Tighe S Marfey S V055 Mr S Kilby (Rgned 30 November 20231 (Appointed 30 Novefflber 20231 None ofthe trustee5 ha5 any b8nefioal intsrest in the cowyany. All ofthe twstees ara nwmbars orthe Ly)mp8ny and guarante8 to contribuits £1 the event of a wnding up. The pay of senior staff Is reeWed in A1 8nnuaily and nOalty incEeased in accordan¢e wtth average earniros. Our HR team and the Trustee51Director5 benchmark against pay leve15 of other charili8s in eath geTr3raphical area. have a pay Structure ReoB)nal Managers. Sen";or Smff and Ernployees. The Muneration benchmarf( is the mid-point of the range paid f similar rol. If recruitrnent has praven difficult in the recent past a markel addthon is also paid with the pay MamuM no greater than the hJhest benthmarked salary for a o)mpar8ble role. Merit awards moy k warded brt is directty linked lo outstsndirrfj year on year pert0Ernan and athievement ofstretched targets. Prin¢[1 Activity The plinpalactMfy of Ihe charity in Ihe ppriod Under rewiewvRs to help any thild up to Ihe age of 18 years who Is slck or disadvantaged. Funds allo¢ate<l to local Charilable and lIsntary projects that work dire¢Uy with childfen lTring in poverty. suffering abuse, have lffe limiting illnesses or need addilronal 5UPPOrt to achieve thwr poienbal. The dIVeity ol the grants ijemonstrates that are a charity lu]ffllir¥J a grIng need that is not SUFPUted by other ch8ritie&
BAUER RADIO'S CASH FOR KIDS CHARITIES
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Grant maklng potley
Th& Local ExerJJbve Boards are respon$lble for eIng ptalon$ from personswishing to receive support from
the Charty lin accordance with eligilty ¢Y1tla). considering applutions and inteNewirKJ applnts l¢r
grants Ivffiè aFvropriatel: selecting polential grant reopients I'benefiaaries'l lo rertre SUPPOrt from the Charity
and making recommendations in writing to Ihe frus; supporting the beneleS and. as and when requid,
ensuring that fvnds are 8ppllwJ propety and lor the pUoseS for wl)ith tlw were gNen.' moniloring the use ol the
Charit¢s frjnds by beneficiaries in accordance with any directian5 gwen by the Trustees.. reviewing the granl rn3kir4J
pOIY documents that are drawn up kny thè Twstees in relation to Ihe charity and ensurtng Ihal such polIc are
cornpIEd
The key categories of grants are Povewty. EducaliDn & Essential Skills. Mental Heath and Wellbtttng,. Sport and
Physical Wellbeing,. Disability and Lifa Miting Illnes¥. Diversty and Induan.
Cash for lfjds grants to childm so can énjoy è>periences that would teach new skms, both soft soaal skills
and hard skills, ]Id Conmen 8nt1 many of the projects we grant to ottrate through the school hdidays. Many
chikjren will nDt get a hot rnealwhen the schools are on hrfiday.
We ha 8150 SUFPOrted children with equiFffient rarNJing from sensory equiprft&nt to whèalthaTrs sp9dallst
trJ(es.
Wa have supported sporting prclects. Th1$ irtdud8s fuTJiThJ rnthduals and 0up$ to allow thpjn to take p8rt In
Sporbng activithes. These 8CtiwDes offer tndusion and lyJ Self
BAUER RADIO'S CASH FOR KIDS CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2023 Audltor In accordan wilh the c(¥npanls arh"des. 8 re501ulion kycposing that Tree Accajuntancy Limited be wInted as auditor of Ihe company will be put at a General Meeting. Concl10n I would like to thank the full Cash for lfjds leam for thr outstanding response in 20 Thalr passion and ccthmitmant were the key to Mang a dIffene& io so many struggling famili&%. I would also like to thank everyone who donated and with us atfoss the yèar. o)ukd not have done it wthoul that svpporL The tntstee5' re[WaS apwoved by the Buad ofTrustee& S Aitchls¢n MBE Trustse D8ta'. 2410912024
BAUER RADIO'S CASH FOR KIDS CHARITIES STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who a also the (firect(M5 of Bauer Raiio's Cash for lfjds Charities for Ihe purpose of cornpany law, are rasponyblè for preparfng Trustees. Report and the finanaal statemenls in 8ccord8nce th aF)Ilc8ble law and Unf(ed lQngdorn AccountirvJ Standards (United ngdorn GEnwaly ApIed Accounting Practice). Company Law require5 the trusteesto prepare finanrial statements for each financial yearwhich a true and lair ew of state ol affaws of the tharity and of Ihe incoming resources and 8ppl¢ation ol resour¢8s, includiTrJ the income and expenditure. of the charitabfe company fDr Ihat year_ In prepariro Ihese fin8nca81 statemerrts, the Injstees are quired to.. - select sutsble a¢¢ount6ng policies and then appty consi5tently'. - observe the methods and prindples In U)e Chanloes SORP: - mak&ludgemenis and eBirnate5 thatare r&3soroble and pwden¢ - state wh&ther appllcable UK A¢¢ounttng siwid8rds have klk)wed. sutiect to any material departiires disd052d and expl&ned in Ihe finanrAal ststements.. and - wepare the financial slat¥nents on goin9 concem bass unless 15 inapy¢¥iate to presume 1hat the tharity will continuè in op8raDon. The trustees are SPonsIb for keeFing ad8quate accouniing [d5 ihat disclose with reasonable accuracy at any bme the finano81 ptrsrfion ofthe charTty and enabje them to ensure that the finanual statemertts ¢trnply with the Companies Act 2006. They are also responsbi le for Safeguarding the assets of the charity and hence foT takir reasonable steps for thè prevenuon an¢1 delea1 of fraLKI 8rn1 Otheriffegulaie3. statsmènt as to dl$clos9 of InfoatIOn to audltor6 So far as the Trustees ar& awar6. the 1$ no ielevant infornation las defined by SeL'on 418 of th C(mpanies Act 2CThI of whith the charitable rAMpan$ audilors are unaware. and each Trustee ha5 taken all the Steps that they ought to have taken as a Trustee in order to make thèm aware of any audit infomiation and to establish that the charitable wnpanies, ¥udilOWS are aware gfthatinfiymalio
BAUER RADIO'S CASH FOR KIDS CHARITIES INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BAUER RADIO'S CASH FOR KIDS CHARITIES Oplnlon have audf(ed the finanaal slatements of Bauer Rajio's Cash for Charities Ilhe'Larityl for the year ended 31 Decwmbar 2023 which MpriSe Ihe slatement of ffnancial athibes. the balance sheeL the sl8ternenl of cash flay and notes to the finanoal statements. induding sunrfKant accounting policie5. finanoal repottiTrJ frarnework thal has been applied in t&r pfèparotit)n 1$ 8pplicable law and United Kid0M Accounting Stsndards. induding Finanual Reportiny Standard 102 The Fin8w"al Reporting Standard appIabl9 in lh8 UK and Republic ol lialand {United lfjngdom GeneraltyAwJtedAccountir4J Pracltce). This report 1$ rnade $dely to the charitable ccthpanls trustees, as 8 body, in accordance wilh Chapter 3 of Part 16 of the Companres Act 200& Our tudfjt has been underlaken so that we mvJht slate to the tharity's tru5tEES those mattgr5 We are r8quirèd to State to theyn in an auditor's report and for no Olhsr purpose. To the fullest extent permitted by law. we do not accept or assume responsbilty to anyone other than the charitabte company and its trustees as a bcwjy. lor ouraUdit for Ihi5 or ts the opinws have fom)ed. In Dur opinion. Ihe ftnana21 statements= gNe a true and lair Mew of the slate ol the chwitsble corrpanls affairs as at 31 D8t8mber 2023 aNI tsf its incoming resources and applration of resources, IL¥the yeorthert ended", havè properfy prep8red in accordance ¥th United lfjngdom Attepted Accountiny PracticE", arKI have been ppared in XCordanwlth the reqU1ments ofthe CcmpaniesAr 2006. Basis for opinlon È conducted our audit in accordan ilh InteMab"CaI Standards on Authbng (UK) IISAS IUKI) and aFpIiEablE law. Our fe5pon5itxlitie5 undeF those starKlards ate further in the Authlorfs rnsponsibilili8s r(y Ihe gudit or the fmanci81 $18remenls secbon of our reporl are iThSependent of the charity in aCrdanCe with the ethical re4uirements that are relevant to Jr audit of thB finanual staternents in the UK induding the FRC'S Ethical Standard. and we have fulfitted our other ethi¢al reSFX)wlbi1es in accordan these requIrnents. believe that the aLtt4it eviderKe we have c&lined is SLrffioent a1 approwiale to wovide a ba515 for our opinion. Conclusions relatlny to golng coneEm In auditing the finanrial statements. we have eonduded that the INStee use of the going COnM basi5 of ?Ou9 in the preparation olthè finantsa Statts is apNc¢)iiat& Based on Ihe work we have perforned, we have nol idenbfied any Mat81 nrtaIne$ reiiting to events or Conditions thaL indmdualty or collectivety. may cast $wJnffi¢ant doubt on the charity's abilty to continue as a cem fcf a period ofat least IYEIVE morth5 from then the firwnaal slatements ar8 authoriws forlssuè. Our reSpOnbIllieS and the resPstrItieS (rf Ihe trustees wilh respect to gcrfng ccnwn are described in the relevant sectiorts of this repwt. Other Inforn)atton The other infomathin cornprises the inknnabon indLKlad li the gnnual report olher than the finand31 st8t8menls and our audttoVs repon there. The trustees are re5ponsli Jle for the other infomiats.on contained wthin the annual reporL Our opinion on the finznaal slalernents d¢Jes not coverth2 otherinfomiabon and dty not express any fo of a88ur8nc6 conclusi thereon. Our sponSIbl1 is to read the Other in10ation and. in doirrtJ so, consider whether the other infmab0n is mèterialty incons5tent with the finanual statements or our knowledge obtaird in the course of the aJ( or othenwsè appears to be MaterilY misstated. If we identity such Maleri Snconsistencies or apparent materi81 misstaternents. we are required lo detemiiTre whether Ihi5 gtves rise to a material Thisststement in the finanLial stslernents themsdve& If, based thè wort( wè have p8rfornied. we CLJnclude that there is a ffl8teria5 misslatsment ofthis olher infom)th"on. we are rulTed to wortthat fact We hove nothing to report in thi5 regar
BAUER RADIO'S CASH FOR KIDS CHARITIES INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF BAUER RADIO'S CASH FOR KIDS CHARITIES OplAlons on other rnatte Prescribed by the CornpanlesAct 2006 In our opSnlon, l>ased on the work undertaken in the course olthe 8udiL' the infoThation grven in the tsustee5' repor( whith indudes Ihe rfEre¢Xors' report prepargj for the purposès of cunpany law. lorthè finanoal year ts whith the financwl statements are prepare<l i8 ¢on8i5tenl with Ihe finanual staternents.. and ihe dirertors. report induded wthin lh8 tru$f88s' r¢pt)rt has been prepar&J in accfjrdan wlh appllcable legal reqU1Ments. Matters on which we are required to port by Exception We h8ve nothing to report in respect of the lojlowng maller5 in relaticffl to whth th? Charities (Accounis and Reports) Regulations 2008 qUIre us to rèport tts you if, in our qxnion. the infornation given in the finanaal StatemtS is inc¥nsistent in any material spect the trustaes. report.. or sufficient accounbng records ha been kept or the finanaal statements are not in agreemeniwith the accoting reccfds: or wa have n*X r8cew&Y all the IntoatiOn and eXPnonsWe qUIre tsouraud Responslbllltles of trusteos As explwned more fully in the statement of truste8s' rèsponslbilities, Ihe tnjstees. who are aLso the di ctors of the charity for the purpose of company law, are respOnb for the preparation ofthe finanual 5tatement5 and for being satiSfij that they giv8 8 true and fair wew, aThJ for SLKh intemal contrd 8$ the trustees detennine is rEsSary to en8ble ihe preparation of finanoal Statements we free from material misst21wMen( whether due to fraud or error. In prepariry the finanaal statements. Ihe trustees a responsible fof assassing th8 charfty's abilty to continue as a golng ¢on¢em, disejosing. as appltcatde. matters lated to goiry concem and u5irvJ the gotng concern basis of accounting unless the twstee5 either to fEquidOle charitable cnmpany or to a$a ¢paraDons. or have no TeartiC allemative butto do so. Audltorfs rpOnsIbIlItI•8 for the audlt of the ftnanclal statemen We have been appolntsd as auditor under Section 144 of the Charitws Act 2011 8nd port in accordance wilh the Act and rdevant regulats.ons rnade or having effect thereunder. Our objectNes are to obtsln reasonable a55uTrnce 8bDul whetsErthe finanaal slaternents 85 8 WhD are free from material misststern8n( wheiher due tg fraud or error, and to issuè an audilofs report that incjudes our opinion. Reas¢nable assurance is a hvJh lesel of assurance bul is not a guarantee that an audit conducted in accordan with ISAS IUKI will alwa detect a material mi5Stat8ment when it e$ts. Misstslemenis can arfsè from Irauo or error and are consl(Jered mats81 if. Individually or in the aggregate. they could rewnabty be expected to inftuen the economic dea5ions of u5er5 laken basis olthese finaal 5tatem8nl& Irregularthes. including fraud. are instances of noTrComiance with laws and regulations. design PrdUreS in line wth our responsibilities. oudined abovè. to dtrtert material rnisstalements In respecl of Irregularitie8. induding fraud. The extent lo whlch our proc¥dures are Capab of detecting irregukiitEs, indudiny fraud is detaled below. Identifying artd assessing potential risks related to Ie9ularits$ In identfying and asses5irg the ri5k5 of material mi8statemEnt in respect of iwukrilies, induding fraud and non- eomplian¢e with18ws #nd regulations. w8 conskl•red lh9 lo110vAg. 10-
BAUER RADIO'S CASH FOR KIDS CHARrfiES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BAUER RADIO'S CASH FOR KIDS CHARrriES The nature of the industy 2nd sector in 1th Ihe c(¥npany oper3te5,' the control enwronment and bu&ness rfomiance indudirrfJ key drivers fordiredots. reMuner8On, bonus levels and perfomiance tsrgets. The outcome of enqtJirie5 of I81 rnanagement and parent company managernent induding wh?ther managèmént was aware of any insiances ol nOrCcIp11aneS and regulation5. and whether management had knowbyge of any actsjal, SUSFeCte(l. or alleged fraLbJ • SupporbrrfJ documentstion relatiNJ to the Ctynpanls powoes and procadures lor . Identirwng. evalu8b"ng. and ComYng vth laws aNI regulab"C5 . Detecting aThJ respondirKJ to the risks offraud . The internal controls estawished to mffjgate rBks related to fraud or non-coftlIan wilh 18WS and regulations. • The outcome of discUon5 wnongst the engagement team regarding how and whwe fraud rnight occur in Ihe financial statements and any Wenfjal Indi¢ai¢ys of tsud. . The legal and regulatory frarnework in which Ihe Cwpany operate4 particyjlarly Ihosé laws and r8gulattons which havo 8 dlr&ct effect on ihe finarla1 ststemenls, such as the Companie3 Act 20Cfj. Fensions and lax legislation, or which had a fundamental effect on the DFerations ofthe Cunpany, induding General Data Protection requirèm1$. andAntinbary and Comjpd. Audit response to risks idenbfied Our proc8tSur8S to respond to the risks identified indsjjed lh8 follcwiThJ.' . Revwing the finanal statements c1isclosuS and testing to supporting dorAJmentatbc)n lo assess complrdnce with the wovisions ol thD5e [eVant law5 and regujationswhich have a dIct effera on the finanaal statemgnts. . DLscusslons 1h m8n8gemenL Ind11ng conSera1ton of known or syspeLd instrnres of non-wnp11an with W5 and regulations and fraud. . Evaluation and testing of the op8ral6ng 8lT8¢trvenes8 of magements controls d¢sned to pfevent ond defr ITgularleS. • Enoulring of management about any aclual and potenlSal litsgabon daims. . Performing anatytical vocedu$ to Klentify any unusual or unexpected relabonships which may indicate risks of material misstatement lo fraud. hava #180 con5Jered the risk of fraud through management override of controls by.. • Testing Ihg appropriateness ofjoumal entries aThJ other affjustrniyits. VÈ ha lesled a sampte ol manualloumols which may pose a heightened risk ofmaterial misstaternent whether due to fraud or errDr. * ChalleNging a55umpb.5 made by management in their significant accountSng est8$. and 8s8essing whether the ludgements made in makiro aoxunting eStnateS are indtsiive of a potential tYa5', 3nd Evaluatin9 the business rationalE of any significant transactions ihat a unusual or outside th8 nomial coursg of busness. 81s0 communicated relevant identified laws and regulations #nd potential fraud risks to au engagement team members and reMatr ajert to any indica.ons ol fraud or non-comptiarKe th law5 and regulaliDn5 through1 the audit. Th8re are inherent limitations in the audit proc4dures d8suibed above, and the fvrther removed non-compllancg with laws and regulatKJns are frcffi Ihe events ond transaclions reflethd in tl finanaal ststernEnts, Ihe less likety we would bcorne aware ofth2m. AJSO, the risk of not detectiThJ a material misstsiement dug to traud is higher than Ihe rlsk of not detecting one resulbng from error. as fraud may imjtve defibwate concealment by. for examF4e. forgery cr intentional ml5representaliS. or thrDugh co]Iu5iDn. A lurthar doscfiption ol our reSP)rtslI1tles is avaiL4bla c) the Finanoal Reporbng Counul's b$lIe at https".11 wwM.frc.¢xg.vklauditOf3respon5ibilibes. This ¢JesuiptiDn form5 Part of our aLwjl pOrl Use of our r¢port This report is made to the Charitsbk company's memters. as a body. in 8Ctrrtan wth Chapter 3 of Part 16 ofthe cornp3niesAct 2006. Our auditwork has been undertaken so that WÈ rnight state lo the charilab]e companys members those rnatters we are reqUId to state to them in an auditorfs report and for no other Pu0$e. To the fullest Èxtent pemiitted by l*w, we do not accept or zs5urne responsitility to anyone other than the charitablé CLqnpany and the charitable mpanY'S members 88 a br for our auditwrt Sy r)0 or lor the cpinions we have fomieAI. 11
BAUER RADIO'S CASH FOR KIDS CHARrriES INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF BAUER RADIO'S CASH FOR KIDS CHARITIES Co Nlcholas lan Hynes FGGA {S¢nior Statuto lor and on behalf ol Tree Accoun ncy Lim Audltorl led Charterod G•rtlft¢d Accountsnts & Reglst¢rod Audilovs Chartered CertifiedAccoiJntants 3rd Floor. Eastgale Casue Street Ca5defiekl M3 4LZ 12-
BAUER RADIO'S CASH FOR KIDS CHARITIES STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unreslrlrted Restrlct8d funds funds 2023 2023 rotsl Unr•stri¢ted Rostrlcted ftrnd$ fund 2022 2022 Total 2023 2022 Income from". Donations and $pon$¢xships Charilawe actiltieS Invastménts 970.718 9.835.839 lo..557 3.932.025 2.477.869 6.4109.894 654 911,326 9.19B.293 10,109.619 2.3U8.642 1,551.456 3.860.098 2.793 2.793 Total InGomo 4.909,397 12.313,708 17,223.1(15 3,222.761 10,749.749 13,972.510 nditure on: Raising fuThJs 1.850.312 1.850,312 1,872,205 1.672.205 Gharitable acbmties 1.525,868 12,386,843 11892.511 1.274,027 10.832,819 12,1CE,846 Tot?1 ¢xpenditure 3.376.180 12.366.643 15,742,823 2,946.232 10.832.819 13.779.051 Gross transfers ben fund5 Net incorn¢llexpenditure) for the yearl Net movem•nt In funds 111,268 1111.2681 1.5217 IS2.9351 1.480.282 387,797 1194.3381 193.459 Fund balan¢es at 1 January 2023 3.699,815 141,409 3,841.224 3.312.01B 335,747 3.647,765 Fund balanc¢¥ at 31 December 2023 5,233.032 88.474 5,321.506 3.699.815 141.409 3.841,224 AJI income and e¥enditure ¢Jemt conlinuirg actithes. The funds breakdn is shown in noks 16 and 17. 13-
BAUER RADIO'S CASH FOR KIDS CHARITIES BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notès Flxgd assets Intangible asse15 Tangibl? assets 12 13 55.2g3 14.3S2 40,866 16,243 69,855 57.109 Current assets stocks Debtors Cash at bank and in hand 14 15 1.158 821.812 5.744,718 SS9.28S 4,080.155 6.367.688 4.639.440 Creditors: amounts falling due within onp year 16 11.115,837) 1855.3251 Net DJffent25sets 5.251.851 3.784.115 Total asset5 less currerrt liabilrlies 5.321.508 3.841,224 In¢ome funds Re5tricied funds Unrestn"th(J fv DesvJnatsd funds General unrestricted funds 88.474 141,409 20 4.638.819 594.213 3,235,323 464.492 5.233.032 3.699,815 5,321, 3.841.224 The director5 acknowledge their responsibilibes for coMp1J Wbth the requiremènts of Companlès Act 2006 th respect tD accountiro records and the preparai¥on of finanfial stalements. 2410912024 The finanaal ststements wèr& approvsd by Tntstees M......................... S ArtChI$ MBE Chair &Trustee Company regfstratlon number 064248111 14-
BAUER RADIO'S CASH FOR KIDS CHARITIES STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flow5 from operating activrlies Cash generaled frcfn operations 23 1.698,594 374.716 Inve3ting activities Purchase of intangible assets Purchase of tsnglble fyed assets Investment Inccrfne received {36.284) {4.401) {26.1981 16.38SI 2,793 Net cash used In Investlng actlvllles 134.031) 129.7911 Not cagh us•d In fin8n¢lng actIlIeS Net Increas• In cash and cash •qulvabnt* 1.664.563 Cash and cash U8nts #t be9innin9 ofyear 4.080.155 3.735.230 Cash and Cash •quival•nts at•nd of yèar 5,744.718 4.080,155 15-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEIIIBER 2023 Accounting policies Charity infonnation Bauer RadKJ'S Cash for Kids chaiib.es is a private company limiied by guarantee incorpJTated in England and Walas. The regTrst¢Ad olfi¢e is Hampdon He. Falcon CourL Preston FaFm Indu61rial E$tat&, StocktonOn- Tees, TS18 3TS. 1.1 A¢¢ouniing ¢onventlon The financial statents have been yepafed in o¢¢ordan¢e wrth Ihe thanW$ tgovemlng documentl. the CPanS Act 2C£6. FRS 102 Yhe FinancFal Rewbng Standard applicab in the UK and Republic of Irejand. fFRS 102.1 and the CharlS SORP 'Accoun(ing and Reporting by Charities: Stalernent or Recommended Practice applicable to chariti25 preparing their aEcDunts in accoan[e wth the Fina131 Ron9 Standard applible In the UK and RepU1C of Ireland IFRS 1021" leffecbve 1 J8nu8ry 20191. The tharity is a Put1 Benefit Entty as defin&J by FRS 102. The financial statements arE prepared in 5terfing. whth Is the fvncliDl ajrrenw of the charity. Monetary amounts in these financtat staternents are rounded to the nearest £. Th8 finanoal staternents ha been wepared under the historical cost oJn¥ention. lrnodified lo include Ihe revaluabon ol freehold pvopeibe5 and to indsjde investrnent properbe5 and certain finanual instruments at fair valuel. The prinapal accounting policies •Jopled are set tbelth¥. 1.2 Going concern At the bme of aFprowng the finanLial staternents, the trustees have a rEasonable expectation that the tharity has sdequats wources to ¢onbrtue in oFerational esten for the foreseeable future. ThLt6 the trustees Gontinue to adopt the going conc¥n bass ofacU"ng in preparing the fmanoal stalernents. Post balanee sheet events During the year the tharity has not conbnUI io affecled by the COV11>19 outbreaK This has stopped affecting the tharitys abilty to generate income in the DecemLw 2022 finanaal year. Upon review of thE chariW5 response arKI fornvard planning the tharity ha5 rnrfKJated. as far as PD5sible, the risks surroundin9 Il's abllfty 10 coniinue to ortre. tt has continued lo freeze any unnecessary outgoings and advantage has been taken of grants and funding availabl& 1.3 Charftabl• funds Unrestrictsd fun are available for use at Ihe dis(¥ebon of the trustees in furtherance of their charftable objectNes. Restricted lund5 are subjeci to specific conditions by donors or grantors as to how they may be used. The purposes and uses of iha restsirtsd tunds afè setout In thè natès to thè fin8ndal statam8nls. Endowment fijnds subiefA to spe0 coTrJrfions by donc4s Ih81 Ihè capltal must bè maintainad by the harity. 1.4 In¢ome Incrne is recOgned en the chanty is rega entfjuerl to It afterany performan condluons have been mel. the arnounts can be rneasured 11abty. and it ts probatle that incCe will be receiv&d. 16-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECE&VIBER 2023 A¢¢ounting policies Iconllnuedl Cash donation5 are recognised or¢ recew Other donations are recogniseJ On the charity has teen notified ol ihe donation, un]8ss p&rfomanc8 condrflons uIre dèferral of the arnount Incorne tax rgcov8r8blè In lation to donation5 reVed under GiftAid or d2ed5 of covenant15 recogniSEd at the time ol the donation. Gift5, indudirg Gifts in kind are 8CCDunted for at a reasonable estr.mate of their value to ttE tharity Or the amount aciually 1Y. Gilts srt kind for salè or distribubon ar indudèd in thè accounts a5 gifts only when sold or distributed by the charity. Gifts in kind for use by charity are Ivded in the SOFA as incoming SOUT$ %then reeoivable. Leg8oe$ #fe ro¢ognis8d on telp{ or othèmse if the tha has been nolified of an impendiny distribution, the amount is known. and receipt is expected If the Yrnount Is kno. the legacy is treated as conb"ngont asset Investment Income The charfty has no Investrnents other Ihan in UK bank depOt accounts in tho tharitlas name. Interest is reccsnis8d as when receNed. 1.5 Expendlture Expenditure is re¢AyJnls1 once thwè Is a 18gal or constructive Ob1vJati( lo transfer enOMiC bonèfft lo third paty. il is probable that a transfer of econrynic benetts will be required in 5etUanen( and the amount of the 0JgatiOn can ba Measu rdiabty. Expenditure is dassifEd by adi¥ity. Thè costs of each arè rnadE up of the total ol dI¢t cost5 and shad costs. incl81r0 support costs involved in undertaking eath 8cliv5ty. DireLt costs anributable to a single activity ar8 alloKated dirELly tu that activity. Shad costs vthith contribute to more than one aCti7ty and suwort Costs whith are not 8unTr)utgbk to a slNJle are appooned bets¥een those aCIN8$ on a basls ccnsistent wth the use of resour& Central staff c05ts are all(ated cffl Ihe basis of tine 5pert and depreclatton eharges arè allocated on the portion of the asseys use. ¢haTltable acfjvlues charitab expenditu rAmwises Ihose costs iFtrEuwred by the charity in the delivery of rts 8CtNities and sèNus for its banefiaaries. It indudes bolh cc6ts that can be althated treY to such activitie5 and thD5e C03ts ofan indirect nature ne¢es$8ry to supportthem. Grdnt provfslons Provi5ion5 forgrant5 are rnzdE ¥then ihe intention to make a granthas been corrtmunicated to IhE rerypnt but there is uncertainty about lher thè timing ofthe grant C Ihe amount of grant payabb. Support costs Support Costs indude ntral functions and have been allo(ated to acbvty cost rategories on a bosfs ¢onsistont the use ¢f rasourcés. for example. allocating pro[ty costs by floor aws, or per caFit4 staff costs by the lime spent ar¥1 Other by their u$wJe. 1.6 Intanglble Ilxed assets otherthan goodwill Intangible assets acquired separatety from a bJ5eSS recc4Jnised at cost and are subsequenly measured at cost less aoxmulaled amorbsation 8¢wmulaied Impalmierf It%ses. Intanglble assets acqulred on bu%ness ccthbinations ale nISed separatety frtyA goodwill at the aCquison date where it i5 probable that the expected futu ecc¥)omic benefits that are attribulaNe lo the asset wll flow to the entsty and fairwdlue of the as58t can be measured toliably, the intsngible asset arises from contractual ryolhw legal rights.. and the intaryJible 85se¢ is w8raNe frorn thB entity. 17-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•s {Continuedl Amothsalion is regnised so as towrite off the cost or vahJatiDn ofas5ets le$5 their wdual vup5 over their uselul lives on Ihe following bases". Soltsva straight fjne overs years 1.7 Tangible ffted assets Tangibfe fixed assets a initrally measured at $t and subseqdY measured at cost cy valvatiDn. net of depreciation and any tsnpaimient IDSses. Deprecialion Is re¢ognised so as kn bvri off the cost or valualiort of assets less their red81 values over their useful live5 on the Idlowing l)ases: Fixtures and fittinys 20% Straight finè bags The gain or hs5 arisin9 C the d1$F7 ofan asset 15 deterrnined as the difference betsveen tha sat8 procoeds and the carfying value ofthe asse( and Is wnbsed in the statement ol finan¢i81 a¢tMbes. 1.8 Impalmènt of flxed assets At ead) end date. the (ity revKv45 Ihe ¢anwrwJ amounls ol its iangible anrl intangible assets to detennine whether there is any indicalton that those assets have suffered an ffnpairrn8nt Ips& If any sisch indication exists, the recovèr)18 amounl of Ihe asset is estimate<l in ortr to detem)ine the extent of the Impaim)ent Joss lif any). 1.9 Stocks Net realisable value is I estimated selling wice less all estimated cosls of crynpletion and rL)sts to ba incurred in marketirvj, sellirg aThJ tlisltibuticl). 1.10 Cash and ca$h equivalents Cash and cash eqUants iwKIL¥Je cash in hd. deposits hdd at call wlth banks. o#)or short4erm frquld investmenls with original maDJrtbes of three months or less and bank overthaft3. Bank overdrafts are shown wthin bcrtowings in current lialitte& Trade Creditors Creditots are nonnally raca)gnl$ed atthrSet1le1rnnt3rnOunI after all0vThJ fcf any trale discount Fund structure Unrestricted funds can used aC¥crdan wilh the charrtable th.b¥e5 at Ihe discrebon ofthe Irustees Restricted funds can only be used for Parti1 reslri¢ted purposes wthin thè oble¢ts of ihe charity. Restrictiorts arBe when specthed by th& donororwhen lunds are ral$ed for parbcular restrtcted purposes. Further &xpJanatlon of ihe nature and purpos8 of e8th [d is indud&J In the note$ to the financial statements. 18-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl•s IContlnu¢d) 1.11 Flnanclal In$lnEmrnts The chakity has ele(ed to apply the proi5ions of Secticfi 11 '88s Financaal Instruments, and Section 12 'Other Finanaal Instruments Issues. of FRS 102 to au of4ts financial inStrumer. Financral in5trum2nts are reccsni5ed in Ihe tharity's balan(t sheet when the charity bacomas paty ro Ihe contraaual proMsion3 ofthe in5trurnent Finanaal assats and liabI16Yss are offseL vrith net arnounts presented in the Ilnanc191 ststernents. when there 15 8 Jegally en[03b]e right to set ofl the cC43n1$ed arnounts and there is an intention to settte on a net basis ¢rtts realise the asset and setlle Ihe abIty &mvhaneousty. Basie finanelal assets BasK financ1 a55ats. which in¢lude (lebtors (ash and bank balancas. af8 In1ti81ty measurad at transaOn price indvdirrfj transaction costs and a subsequenty carried 81 amortised cast usiry effective interest method unless the aFFangern8nt COrtilUtes a finan(ang transaLon. where Ihe transactlon 19 measured at the presenl Val of the future reIpts diS(xuntj at a mathet rate ol inlw¥sL Finana?1855ets dasyfied 35 re5vable wthin one year are nol amDrtised. Basic r Inancial liabllwes Basic financi liabilities, including dItc(S and bank IDan5 are inthalty recognised at transaclion price uftkss the arrangement constitutes a nanCIj transa¢ti¢fi, where the debt instrumenl is measured 81 Ihe present value of the fubJre paymenls disrUnted at 8 market rate of intere5L Finanoal liabilibes dassified a5 payable within onè #r ara not amori. Ddjt instruments are subsequenlty carried al¢¥b$ed using the off8cli intarast rata method. Trade creditors are obligations to pay for gocd5 seNces thal have been acquired in the Ordinary course of ¢Jperaknons trom SUKWe Amounts payabk are dassified as current liab11rt if payment is due wtthin one year or les5. 11 no( they are presented as n-CUTnI liabilths. Trade credrtor5 are recognised inilially at transaction pricè and subsequenly ffleaSd at am0"sl wst using the effective inlere5t method. Dere¢ognldon of ffnanelal Ilabllitlès Financial liabilibes decognIsed vthen th$ thaiws contrartual obligations eypire or ara dl$Larged or cancelled. 1.12 Employ benefits The cost ol any unused holKlay entiuemenl 15 rttognlsed in w¢)d in the employee's seiCe5 are received. Termination beneffits are reccgnised Immlat as an expense when the charity is dEmonstsaW cornmittl to teminatè tha émployment ol an employee orto provide temiinatoon benefits. 1.13 Leas8s Lease5 are classified as finance leases whenever the tem)s of thg leasè transfer substanbalLv all the risks and rswaid8 of ownership to the lessee& All other leases ore rA8ssified as operating Je85es. Assels hekj under Inance leases are recognised Js assets at the knwer of the assets f8ir value at the de ol inCe-On and the present value of the minimum lease payrnents. The related liability is induded in the balance she&1 as a fillan lease obligation. Lease payments are tle as cOnSn9 of caixtal and Interest elemenis. The intet is chargj to net incomellexpendittjrel for the year so as to produce a constant periodic rate uf Inte51 on lh$ aining l)alanr* olthe I111. Renta15 payatsle under ¢)W8ting leases. induding any1gas8 incèntives receivad, are charged as an expense on a straight lire baS overthe tem) ollhe levant le. 1g-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2023 Accountlng pollciE5 Icontlnued) 1.14 Company stsths Bauer is a company limiityj by guarante& Thè members ol Ihe cnmpany are the Trustees names on poge 1. In Ihe event of Bauer being wound up. IhE liabilty in respect of th? 9uar8ntee is Dmiied to £1 m8mL*r ol Bau8r. -20-
BAUER RADIO'S CASH FOR KIDS CHARrriES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from fundraisrng athylues 2D23 2022 Charitable activii*s 8,409,894 1880,098 Anatysis by fund Unrestricted funds Restricted fund5 3.932,025 2,308,642 2,477,889 1,551.456 8.409,894 3.860.098 2023 2022 Restricted fvnds Misyion Christrnas School¥ SportiTrJ Ents 889,748 258,456 1.349,66S 849,9S7 79,214 622.275 2,477.869 1.$51.456 Incom• from InvlMentS Unrestricted Unrestri¢tsd funds funds 2023 2022 Interest receiv8b 8,654 2,793 EXPendire on rnlslng funds Unrestricted Unrnstricted funds fund5 2023 2022 Fundralslng and publlclty Other fvndraising costs Statt costs 1.38&198 462.114 1.278,122 394.083 1.850,312 1.672.205
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ExndIture on fundral8lng actlvltles Totsl 2023 Totsl Staff costs OeprerAalion ar impaiment Rent and rate5 HeaL ltrJht and PDwer Equipment hire and rentsl PrinlirrfJ. stationery and telephone Maintenance Markebr Audit and attwntsn Profeonal lèes Bank chargès and online glwing f8eS TraveVCarlHotel Bad debt 1,078,2S6 28.148 35,6>J 8,727 919,526 25,044 43,109 2,073 35.773 4.195 28,734 34.342 10,010 14.153 52,571 97,193 7,304 6,510 106.888 47,475 11.309 9.568 73.229 116.000 4.058 1,$25.868 1.274,027 Grant funding of adiviiEs (see note 71 12,366.643 10,832,819 13.892.S11 12.1C6.846 AnaIysis by fund Unre51ri¢tsd fvnd5 Reslrtded fvnd5 1.525,868 12.368,843 1,274,IY27 10,832,819 13,892.511 12.106,846 Restrlci•d Grants payabl• Toial 2023 Totsl 2022 Grants to in5ts1ubon& heelchwrs Cerabal Pa15y Epilepsy Sansory rLM)m equipmenu oarden C¢Jnputer equipmént MIssTr Christrnas GIK Mis5ron Christrnas cash Biy Day OUV farnity aCtI7eS Autism Easter eggs Trike519o kartsl quad knkes 2.400 13.268 19.719 32.027 2.245 8.871,855 243.989 78.636 17,667 482 2,801 660 9.650,428 869.750 97.114 -23-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Restrlctrd Grnnts payable (Continued) Furniture Bedsl ddIng Holiday5 Abusel neglect speci needs Schooy dubsl youih groups Primary school Sport Cost of vI[J Grants Welfare Panto theatre Blindl visuayy impaired Cancer EducaOon81 Garden furniturèlplay araa Mental health Ticket$ for sportirg evenis Clothing Nursery Spina bthda Hospita15 Resptie hornes Hospice Dwns syndrorne Christrna5 partylwshes Bereavement Day trips1 ou)ngs Disabllth¢$ Poverty SlIs Development AOHD SeCcdary scI)L1 Holiday hung General Actimty pa¢ks Cystic ft)rosis Meningitis K40knlity RedentIal Applian5 Speual Needs School MfinterfvTrJ Mu5icJTherapy Room Blood Control Krts Baby Equipn)enVFood Mini Bus DeaflHearfNJ Impaired Floorfng Homel&ss 3,548 7,og1 749 11,SS4 2.950 11.798 54,038 734.623 239.326 871.002 479.948 21.958 4.3Cfj 9.452 4.379 46,781 24.931 12.3171 138.642 45,333 180 4.752 54,316 1,8CK) 5.SQK) 3,OC 3,310 6,215 2,170 2,4 728 75,545 57.328 12,511 T.186 26.535 13.275 500 41.2SO 1,020 69.152 26,083 8,318 1,873 12,282 1,820 2,297 20,000 22,039 5.000 3.852 600 1,095 2.991 5,819 17,591 24,420 1,695 23,193 1.62S 12,366.643 10.832.819 -24-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 R¢$trfthd Grants payable IConUnu*dl Net movement in funds 2023 2022 The net movement in (unds is Staled atterthargiwul(credrfing1: Fees p8yabte for the audit ofthe th8nty's finanaal ststements Depreclali¢n of ohed tangib fiXj assets AmorSaOn Ofinlantle assels 11.100 6,283 21,857 11,1CKJ 7,547 17,483 Trusi••s None ol tho irusteès lor any peOnS connecte(J wilh them) 1ve any rwnurEEration Of tenefiis from the charty during the year. 10 Employees The aragtr monthly number ofemployee5 during the yearvrds.. 2023 Number 2022 Number 37 Ernploymont Costs 2023 2022 Wages and salaiiES Soual security costs Other pensiDn costs Recruthent 1.173.364 105,999 30.086 4,160 943,103 82.777 26.977 1.576 1.540,380 1,313,609 There wtre no employees whose annual wernuneralton was more than £60.OJO. 11 Tawion Thtr charity is exempi from tsxation on its acti¢$ l)ecau8e al its income is app]Ed for tharitable purp05e5. -2S-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Intsngible flxed assets Cost At 1 January 2023 Additions- separatety acquftd 143,49) 38,284 At 31 Oecember2023 179,774 Amortl$*ion and 1rnpalnent At 1 January 2023 Amortisation charged lorlhe yegr 102,V24 21,857 At31 December 2023 124.481 Carrylng amoum At 31 DeCber 2D23 55.293 At 31 0e¢ember 2022 40.866 13 Tanglble Ilxed assets FIthTO5 and tttngG Cost At 1 January2023 AdOn5 63.418 4.401 At 31 DecLr 20ZJ 67,819 Dopr¥clatlon and irnpalrnient At 1 January 2023 Deprec4ats'on charg8d In th& ygar 47.174 6,283 At 31 De¢ember 2023 53,457 Carrylng amount At 31 December 2023 14,362 At 31 December 2022 16.243 14 Stocks 2023 2022 FInhed goods and gords for resale 1,158
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Oetstors 2023 2022 Amounts falllng due within one year. other debtors Prepayments and accwed income 612,176 10.5g6 548,687 621.812 559,285 16 Cr•dltorg: amounts falllnq duevAthln one year 2023 2022 0th8rcradit¢rs 1,115,837 8SS,325 17 Retirement benefft schèmas Defined ¢onti¥bution schemes The tharty operates a defined contrTri Julion pension stheme lor all qualifwng employees. Thè 858ets of the scheme are held separntely from thosè olthe ¢hanty in an independenty •Jminlsted fund.
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BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Analysis of net a55ets beten fun Unrnsirl¢ted Restrlcted funds funds 2023 2023 T81 2023 At 31 December 2023: Intangible fixed assets Tangible assets Current asselsllliab1l"e5) 55.293 14,362 5,163.377 55.293 14.362 5.251.851 eB,474 5.233.032 88.474 5,321,506 Unrestricted funds 2022 Restricted fund5 2022 Total 2022 At 31 December 2022: Intanglblè fixed asse Tar01b assats Current assetslUiabiliU8sl 40.B66 16.243 3.784,115 16.243 ?.2,7¢ 141,409 3.699.815 141.409 3.841.224
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BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 21 OpeTatirvJ ase ccrfnmiiments Les¥¢e Atthe repOrt1j ewl date the thaiity had outstsThJiThJ commilrnents for frjtwe mininum lease payrn2nts undBr non<ancellaEle operzting leases. which fall duè as fdlows." 2023 2022 Ihin one year Been aNI five years 15.768 75.C¥JO 15,788 90,788 15.768 22 Related party tran$4¢¢ions Tran¥acllons wlth related partl During th& ye8r the c*iarity errtered irto th8 fdlNing tran58rA(¥Js with related parties: Bau•r Radlo Llrnlted During the year t05ts have been recharged in rthion to S8ne& fialitinal in5uron¢#. pension contributions and other expens6s for staff 01 the ¢harrty frcffl its corporal¢ member. Bauer Radio Limtsd to tte value of £1,609,47312022- £1.410,1681. At the balance sheet date the amount tolfvom Bauei Radio Limited was £294,057120202- £NiD. The ultThnate controlling paty 15 Bauer Radio Lwnited as the ¢orp¢rnb mernber ol the that1ty. In addition there Is suppon fr¢Mn all of Bauer radio SlatnS alcry wilh no tharge bng transferred to Ihe chlty for their use Ihin their office spaces, IT and HR supporL -32-
BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 23 Ca¥h generatsd from 4)per3tions 2023 2022 Surplu$ for Ihe year 1,480.282 193,459 Adlu51ments for Investrnent income cCnWj rn statement offinancial Depra¢iaiion and in7palent oi tsngible fjxed assets 16,6541 28.148 12,7931 25,044 Movements In workiNJ capital: Iln¢reasel in sloc*s Ilnere8sel in debtors Incrèase in ¢xedit¢xs (1,1581 182.5271 260,512 144,7511 203.771 Cash g•n8ratèd from opgrndons 1.698,603 374.730 24 Analysis of changes In nètfunds The charity had no material debl during th¢ year.