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 ce￿ried Ae¢Dunt#nts & Registered Audlto 3rd Floor Eastgate Castle Street astlefield ManchesteF BAUER RADIO'S CASH FOR KIDS CHARITIES CONTENTS Pag• Trust8e5' fEFOrt& Strate￿crep(￿t Staternentoftru5tees' fE5ponsth"1th5 IndeFewJent audbtofs rwrt 9-12 Statementol financral activiknes 13 Balance sheet 14 statement ofc8$h 15 Notes to the fInana￿ slaternerrts 16-33 BAUER RADIO'S CASH FOR KIDS CHARITIES LEGAL AND ADMINISTRATIVE INFORMATION rnESte8S MBdl D Sirnpson G St￿n SAiithison MBE S Madey S Voss Mr S lfjlty (Appointed 30 November 20231 Chalr sAitchi$￿ 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 Charte￿d Certifie(l Accountsrt8 & Registered AiJdii¢r 3rd Floor. Eastgate CasUe Street Cas￿efie M3 4LZ Bankers Barf( d Scouand StJames Gate 1418 Cod(spur Slreei London SWIY SBL Solicitors Warn￿e 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 Pr￿n1 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 Prac*ce 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 l￿dIY 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 I￿1￿Ct 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 d81￿énng evonts for fvndrai5ing and not Showcas1￿J. 2023 was a htghty $uc¢essful year for Cash for KKIS despile the challeroes Ihat the Cost-of-Living brought The hJThdraisiThJ lotal delivered was an inpres5Ne £17.223.105. M05t importanlly has enabled us lo help over 395,232 chibjren in EThJland. Wdlès & Northem Ireland. Thls is lha￿ to our amazing donors and supporters. We have a loyol omy ol comp?nie4 cCrnmUn￿es aThJ indivtduals helping u5 to atheve tyjrgoals to hElp mor8 thI￿￿n. Annually wè have ts¥o maior pillar campaigns lor fvndralsing aluned to Bauer a￿1￿1. Gash fvr Kids Day and Mission Chiistma3. In addtbon, we ayso run Sp)rt5 Challenge in Q3. Our fo¢￿ is to raise hjnds and grant them throughout the year fortfifferent a￿$ 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 esSeThI￿1 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$. All pplications are through Giwng is Easy online. Cash for are 2 papedes5 tharity. Every one of our 22 sites hes a Local Exec Board. The indiwduals come from a vari2ty uf bad(grounds Yjilh local knowledge of the néèds ol Iheir eammuniiies. ￿ Exec boards mak8 the deo8ions ts our general grant rounds onJJ Spr￿s Challenge regi5tratK)ns. The GOsl￿f-LM￿g grJnts are distnbuted at pw clmld via xcial servi￿5 and Head teacher Al granl redplents must provKle rei¥s and eN1d&1￿ ofthe irnpact the funds have made. Examkq&s forthe ￿¥1-0￿1ving granl rouThJ M) 01 2023.. The vou¢hers have made a huge difference to famile& The f8milies received v0￿berS face difficulties where they are in unernploymenL battling illn￿. young ¢arers. * affected by famiby trnprisonmtrnt and v8ri0US Other situations where they are Ilwng in Stressfvjl situations. They have been able to buy w8m ¢lothing to wear duriru t￿ne$ vthen Ih¢y ￿nn01 atlryd to put the heating on and have allDwed our farn11￿5 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 supe￿orket 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 fOodbar￿5 an(J r( has meant that we ¥$ an trgani$ats"on have had to make le￿r referra15 lo the foDd bank. It is dear lo see the irnp8rA on having had ￿￿per mea15 at home has on our thIk1￿Th ￿en they tL)me into sthocl hawng had breakfast, they are far happierand mcTr alwL Th8 cost￿f-LlV7n9 grant round was £70&251 In tot4 and Wped 14.173 thildretL BAUER RADIO'S CASH FOR KIDS CHARITIES TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plllar Campalgns 2023 saw the fir51 time that all of Bauer Medba Audio's (adio bratsJs supwt our pillar campalgng, C88h lor lfjds Day and Mtsslon Chri3tm Cash lor Kids Day dislributed £397,352 and wa$ reslrided to f￿d the Cost-of-Living granl rDund. Thank you lo all Ihe Bauerteams aThJ p￿ serf￿5 for Wling so invow. Cash for Klds Day continued our foc￿ on he￿fflg I￿111e8 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$51￿ Chrisbmas 2023 was supportod by all BauEr Media Audio radio brands lor the first Ume. The new staitons intrC*JU￿d thelr audien￿5 to the reason why Mi35ion Christmas is so importanL and why is even more relevant and needed in the midst of a Gost-of-INir risis. ij'steners to all stats.ons were encouraged to drop off a at one of our many drop off points. to buy a gift from our onlin& gift list or to d￿ale to enable us lo MO￿ gift&is the UKS biggesttoy aprml. The meysaye is very ympje. We want ew chftd to wake up to gifts on Christrnas momiro. Many familles are Slruggling to deckl8 whèther lo'&at or hear and gifts and Christrna$ 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 Wa￿h01￿￿e$ 8¢xDss ts UK In a(1diti"¢￿, ¢g¥h donab.ons altrw LL4 lo use our purthasing power to fulfil order5 frcrn Social se￿Ice% 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 Wc*es 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 I￿e 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 lh￿r 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 gener￿JS donoD"ons will get to the th1bj￿n fast Fundraising is drivon by lundr8isers and the relabonships Ihat they develop v*iih their rjonors. and I would like to ihank our teams for their success in wo￿n9 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 edd￿Onal 5UPPOrt to athieve thelr PO*ntial. 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 atr*ad of. Chldffinq NSPCC. T￿nagE 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 lec*nolcgy 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 fvndTai￿n9 and opèratlons, il providas us wlh a foundatSon to respond quI￿Y 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 integ￿ting Raisw's Edge NXT into GiwtvJ i% Easy. Blackbaud Ralser's Edg¢ NXT. the ffrst truty comprehensive doutj-based fundraising and ¢k*nor rnanagement soth¥are solution buitt speufically forcharitie& This ￿11 enhan￿ our donor relat*)nshlp Manayiert alun w*h 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 de5￿Jn8ted 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. L*l￿ve 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 Ccxnpan￿S 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 thant￿5 preparing th￿r 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 aPp￿nted by the Trustees who shall have c￿sented in writirrtJ to becorne Member5 and whosg n3rnes appèar in the Register. Eac* Member has a m3￿muM liabilty Under Ihe guarantee of £1. The Trustees are apportioned in accordan￿ vhth the prO￿dureS 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 S￿t¢￿isOn MBE D Tighe S Marfey S V055 Mr S Kilby (R￿gned 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 re￿eWed in A￿1 8nnuaily and nO￿alty 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 Ma￿muM no greater than the h*Jhest 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 plin￿palactMfy 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¢ateperiences 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 fuT*JiThJ rnthduals and ￿0up$ to allow thpjn to take p8rt In Sporbng activithes. These 8CtiwDes offer tndusion and lyJ￿￿ Selfopted trustees are nominated by the other trustees. en appointing sew Trust￿8. our lo￿¥ is lo ensure that we find thE Feople best ￿aCed to help the charity. Consideralion ￿ given lo what th115 would like new trusteès lo ￿ing. This Could be anything from operational or frondlne &xpgrfence to fundraising. arxountiw. pcllw Trflegal knoyrtedg 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 w￿Inted as auditor of Ihe company will be put at a General Meeting. Concl￿10n I would like to thank the full Cash for lfjds leam for th￿r outstanding response in 20￿ Thalr passion and ccthmitmant were the key to Ma￿ng a dIffe￿ne& 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 A￿pIed 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 Otheriffegulai￿e3. statsmènt as to dl$clos9 of Info￿atIOn to audltor6 So far as the Trustees ar& awar6. the￿ 1$ 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'L*arityl 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 Ki￿d0M Accounting Stsndards. induding Finanual Reportiny Standard 102 The Fin8w"al Reporting Standard appI￿abl9 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 p￿pared in XCordan￿wlth the reqU1￿ments ofthe CcmpaniesAr* 2006. Basis for opinlon È conducted our audit in accordan￿ *ilh InteMab"C￿aI 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 $18remenls secbon of our reporl are iThSependent of the charity in aC￿rdanCe with the ethical re4uirements that are relevant to ￿Jr audit of thB finanual staternents in the UK induding the FRC'S Ethical Standard. and we have fulfitted our other ethi¢al reSFX)w￿lbi1￿es in accordan￿ these requI￿rnents. believe that the aLtt4it eviderKe we have c&lined is SLrffioent a￿1 approwiale to wovide a ba515 for our opinion. Conclusions relatlny to golng coneEm In auditing the finanrial statements. we have eonduded that the INStee￿ use of the going COn￿M basi5 of ?￿Ou￿￿￿9 in the preparation olthè finantsa Stat￿￿ts is apNc¢)iiat& Based on Ihe work we have perforned, we have nol idenbfied any Mat￿81 ￿n￿rtaIn￿e$ 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 reSpOn￿bIllieS and the resP￿st￿rItieS (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 in10￿ation and. in doirrtJ so, consider whether the other inf￿mab0n is mèterialty incons5tent with the finanual statements or our knowledge obtair￿d in the course of the a￿J( or othenwsè appears to be Materi￿lY 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 r￿ulTed 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 prepare19 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 ortr*e. 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 Inc￿rne is recOgn￿ed ￿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 incC￿e 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 re￿Ved 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 ￿1￿Y. 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 I￿vded 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 depO￿t accounts in tho tharitlas name. Interest is reccsnis8d as when receNed. 1.5 Expendlture Expenditure is re¢AyJnls￿1 once thwè Is a 18gal or constructive Ob1vJati(￿ lo transfer e￿nOMiC bonèfft lo third paty. il is probable that a transfer of econrynic benetts will be required in 5etUanen( and the amount of the 0￿JgatiOn 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 sha￿d costs. incl￿81r0 support costs involved in undertaking eath 8cliv5ty. DireLt costs anributable to a single activity ar8 alloKated dirELly tu that activity. Sha￿d costs vthith contribute to more than one aCti￿7ty and suwort Costs whith are not 8unTr)utgbk to a slNJle are appo￿oned bets¥een those aCIN￿8$ 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 ￿tre￿Y to such activitie5 and thD5e C03ts ofan indirect nature ne¢es$8ry to supportthem. Grdnt provfslons Provi5ion5 forgrant5 are rnzdE ¥then ihe intention to make a granthas been corrtmunicated to IhE reryp￿nt but there is uncertainty about *lher thè timing ofthe grant C￿ Ihe amount of grant payabb. Support costs Support Costs indude ￿ntral functions and have been allo(ated to acbvty cost rategories on a bosfs ¢onsistont ￿ the use ¢f rasourcés. for example. allocating pro[￿ty costs by floor aws, or per caFit4 staff costs by the lime spent ar¥1 Other￿ by their u$wJe. 1.6 Intanglble Ilxed assets otherthan goodwill Intangible assets acquired separatety from a bJ5￿eSS 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 aCquis￿on 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 re￿gnised so as towrite off the cost or vahJatiDn ofas5ets le$5 their wdual v￿up5 over their uselul lives on Ihe following bases". Soltsva straight fjne overs years 1.7 Tangible ffted assets Tangibfe fixed assets a￿ initrally measured at ￿$t and subseq￿dY 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 re￿d￿81 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$F￿7 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 estimateJ 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,$25.868 1.274,027 Grant funding of adiviiEs (see note 71 12,366.643 10,832,819 13.892.S11 12.1C6.846 AnaIysis by fund Unre51ri¢tsd fvnd5 Reslrtded fvnd5 1.525,868 12.368,843 1,274,IY27 10,832,819 13,892.511 12.106,846 Restrlci•d Grants payabl• Toial 2023 Totsl 2022 Grants to in5ts1ubon& heelchwrs Cerabal Pa15y Epilepsy Sansory rLM)m equipmenu oarden C¢Jnputer equipmént MIss￿Tr Christrnas GIK Mis5ron Christrnas cash Biy Day OUV farnity aCtI￿7￿eS Autism Easter eggs Trike519o kartsl quad knkes 2.400 13.268 19.719 32.027 2.245 8.871,855 243.989 78.636 17,667 482 2,801 660 9.650,428 869.750 97.114 -23- BAUER RADIO'S CASH FOR KIDS CHARITIES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Restrlctrd Grnnts payable (Continued) Furniture Bedsl ￿ddIng Holiday5 Abusel neglect speci￿ needs Schooy dubsl youih groups Primary school Sport Cost of ￿vI[￿J Grants Welfare Panto theatre Blindl visuayy impaired Cancer EducaOon81 Garden furniturèlplay araa Mental health Ticket$ for sportirg evenis Clothing Nursery Spina bthda Hospita15 Resptie hornes Hospice Dwns syndrorne Christrna5 partylwshes Bereavement Day trips1 ou)ngs Disabllth¢$ Poverty S￿lIs Development AOHD SeCc￿dary scI)L￿1 Holiday hung General Actimty pa¢ks Cystic ft)rosis Meningitis K40knlity Re￿dentIal Applian￿5 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¢$trfthd Grants payable IConUnu*dl Net movement in funds 2023 2022 The net movement in (unds is Staled atterthargiwul(credrfing1: Fees p8yabte for the audit ofthe th8nty's finanaal ststements Depreclali¢n of oh￿ed tangib￿ fiX￿j assets Amor￿Sa￿On Ofinlan￿tle assels 11.100 6,283 21,857 11,1CKJ 7,547 17,483 Trusi••s None ol tho irusteès lor any pe￿OnS connecte(J wilh them) ￿1ve￿ any rwnurEEration Of tenefiis from the charty during the year. 10 Employees The a￿ragtr monthly number ofemployee5 during the yearvrds.. 2023 Number 2022 Number 37 Ernploymont Costs 2023 2022 Wages and salaiiES Soual security costs Other pensiDn costs Recruthent 1.173.364 105,999 30.086 4,160 943,103 82.777 26.977 1.576 1.540,380 1,313,609 There wtre no employees whose annual wernuneralton was more than £60.OJO. 11 Tawion Thtr charity is exempi from tsxation on its acti￿¢$ 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 1rnpaln￿ent At 1 January 2023 Amortisation charged lorlhe yegr 102,V24 21,857 At31 December 2023 124.481 Carrylng amoum At 31 DeC￿ber 2D23 55.293 At 31 0e¢ember 2022 40.866 13 Tanglble Ilxed assets FIthTO5 and tttngG Cost At 1 January2023 Ad￿￿On5 63.418 4.401 At 31 Dec￿L￿r 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 FIn￿hed 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 •Jminlste￿d fund. (oNoiryr nfO( OJ ¢0 LO r ¢0 rij q) rkn O o rorj Lg ¢D ¢)) <)7 OQ)f%j(g￿* -ro 11.1128111121 o0zzzzLutt>4s￿ > q) c ?JEa oTJ7JD 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 bet￿en fun Unrnsirl¢ted Restrlcted funds funds 2023 2023 T￿81 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 In r In IQ ¢SJ ¢0 WJ 4V r C* UJ (￿r*I (Fjinffjv r r io TD In (TJ ID ¢ry y (y Q* C4 0) OJ Ir) tr] r It ￿{Do￿)In￿*x*vYv y¢ i Tr- ooty 0I017Jv(Dr f4r r ¥> (r* (Y*aiW>O ry Q> (Yi a r NOfOC>¢JJUJ¢nN i 00>4Xi ¢7> * O 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 repOrt1￿j ewl date the thaiity had outstsThJiThJ commilrnents for frjtwe mininum lease payrn2nts undBr non