OwS¥Jn Envstspt ID.. c4716731c2451wlC99125 BRISTOL COMMUNITY FM LTD FINANCIAL sfATEMENTS 31 MARCH 2022 Charlty Number 1123827 Miii TABJ7YPLF* 1911212022 COMPMIES HOUSE A07
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Drfuslgn Enveky ID.. c4716701¢24>J1tFOg0l25 BRISTOL COMMUNITY FM LTD FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 CONTEKfs PAGE Referen and administration details of the charity and its advisors Trustees annual report 3to5 Independent Examiners Report Statement of financial artivities (includtng income and expenditure account) Balance sheet Notes to the financial statements 9t014
Do¢S13n Envdop¢ ltr. C47167O&31494LcFO125 BRISTOL COMMUNITY FM LTD Reference and administratlon details of the clkirlty and Sts advisors YEAR ENDED 31 MARCH 2022 Status Bristol Comrnunity FM Ltd is a company Itd by guarantee (registration number 053775341 incorporated on 28 February 2(K15 and granted tharitable status by the Charity Commlssion on 22nd April 2008 under number 1123827. Dlrectors and Trustees The Board of Dirertors, who are Trustees for the purpose of charity law, who served durlng the year and up to the date of this report are collectively referred to as the trustees. Trustees Sherrie Eugene-Hart Philip Vickery Jeremy Cowhi8 Michael Macmaho Registered Office Easton Community Centre, Kilburn StreeL Easton, Brlstol. BS5 6AW Independent Examiner Joanne Trowbridge MAAT, Bristol Cornmunlty Accountsnts CIC. The Park, Daventry Road, Knowle, Bristol, BS4 IDQ Bankers HSBQ Grosvenor Court. 149 Whiteladies Road. Bristol. B58 2RR
En¥ehw ID.. C47167D&31C2494&94DKCF09125 BRISTOL COMMUNITY FM LTD Reference and administration details of the charity and its advlsors YEAR ENDED 31 MARCH 2022 The Tru5tee5 present their report and the unaudited financial statements of the charity for the year ended 3151 March 2022. Reference and administrative information set out on page 2 forms part of this report. The financial statements comply wfth the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reportin8 by Charities: Statement of Recommended Practice applicable to tharitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective l January 2019). Strurture Governance and Ma The number of directors, not including persons co-opted in accordance with article 31 shall not be more than twelve nor less than three. Dirertors are elected for a two year term after which they are eli8ible to stand for re*lertion. Public Benefrt In shaping the objectives for the year and planning activities. the trustees have considered the Charity commission's 8uidance on public benefiL indudin8 the guidance 'public benefit: running a charity (PB2)'. Ob'ectives and actfvitSes Objects of the Charity.. To promote the provision of a community radio station as a recreational facility for individuals who have need of such facilities by reason of their youth, age, infim)Ity or disablement, financial hardship or social and economic circumstances: in particular but not exclusively for the inhabitants of Bristol and the surrounding area, or for the public at large, including members of the public attendin8 charitable and not for profft community festivals elsewhere within the UK, in the interests of social welfare and with the object of improving the conditions of life of the said inhabitants. To advance education. in particular but not exclusively in vocational education and training in audio and general broadcasting skills. To promote racial harmony in the city of Bristol by yomoting knowledge and understanding in particular but not exclusively of the diversity of heritage. history and cultures within the community. Any other charitable purpose agreed by special resolution under the articles of the company. and notified to, and accepted by the Charity Commission as charitable.
Ds¥J En¥ebpe ID.. c47167DPA1c2494&94LCFw0l3S BRISTOL COMMUNITY FM LTD Reference and admlnlstration detslls of the charfty and its advlsors YEAR ENDED 31 MARCH 2022 mma of the main •thievements of the tha duri The Trustees were generally happy with the sLindard of output, programming and the overall presentation achieved by Bcfm. The main programmes of breakfast. midday and drive have all be maintained under difficult circumstances with a compliment of diverse output reflerting the rich diversity of Bristol. Broadcasting environment has corjtinued to be challenging at times with some remote from home working necessary to ensure covid safety. We've also invested in tech to ensure our digital offer is reflective of the increased demands of DAB and online listening that now accounts for over 55% of listening nationalty. The charity also sustained itself flnancially over the 2021-2022. The bank balance at the start of the period was £9,546. The bank and cash held balance at the end of the period was £25,261. Operating costs were £76,980.IK). These outgoings were covered by donations and through revenue reiVed from commercial advertisers and their agencies. Income was also generated from publicly funded campaigns, on behalf of NHS England, Bristol City Council and Avon & Somerset Police. Additional funding was received from Covid 19 Emergency Support and Resourcing Racial Justice. For the second year runnin& managing Covid risks and keeping the station on air with a full schedule has been extremety difficult. Technical issues. safeguarding issues. programming and funding have all been very challenging. The addition of the HLF podcast projects have injerted a new impetus and purpose around the organisation with several major media partners recognising our organisations strong links to the communSty. The unique ability to capture previous untold oral history from a dlverse ran8e of voices has been critical in establishin8 BCFM as a highly fundable and credible media outlet. Training has also been a major part of our work this year with over 2(K) individuals benefffting in some way from the variety of short and long fomi courses we've facilitated. Outgoings were kept to the ab501ute minimum and The Trustees have been especially grateful to the tethnical team for daily attendance and maintenance work. Reserves pollcy and risk management There is currently no major risk fartor in terms of operations. Expenditure on stsff has always been dependant on grant fvnding. We are aware of the need to constantly fundraise and secure new sernice level a8reements, however, we are self-sufficient and have no core funding, meaning not muth scope to currently ate any reserves.
t>JwSign Envelope ID.. C47l67W1C2491ccF[6OI2s BRISTOL COMMUNITY FM LTD Reference and admlnlstratlon detalls of the ¢harfty and tts advisors YEAR ENDED 31 MARCH 2022 Trustee responsibilities in relation to the finandal statements The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. The trustees are required to prepare financial statements for each financial year in accordance with United Kingdom Generally A¢pted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of its incomlng resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: selert 5Ultable accounting policies and then appty them con5iStently; make judgments and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 21)06. They are also responsible for safeguardin8 the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irre8ularitie& Approveil by the trustees and signed on their behalf bv: 12/16/2022 ..2022 Michael Macmahon - Trustee
Do¢uSlgTh Énvebpelo.. C47167WlC24J4DSxF0125 BRISTOL COMMUNrrY FM LTD INDEPENDENT EXAAIINERS REPORT YEAR ENDED 31 MARCH 2022 I report on the accounts of the company for the year ended 31$¢ Marth 2022 which are set out on pages 7 to 14. Responsibilfties and b3s1s of report As the chariVs trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Art 2¢I.the 2(M)6 ACV). Having satisfied myself that the accounts of the Company are not qUired to be audited under Part 16 of the 26 Act and are eligible for irKtependent examination. I report in respett of my examination of your charitys accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions 8r¥en by the Charity Commission under section 14515) (b) of the 2011 ACL Independent examlnerfs sl*ement I confirm that no other matters have come to myattention in conr1en with the examination giving me cause to believe: accounting records were not kept in SpeCt of the Company as required by section 386 of the 2(M)6 Art: or 2. the accounts do not accord with tlw)se records: or 3. the accouftts do not compty with the accounting requirements of section 396 ofthe 2{ Act other than èny requirement that the accouftts give a'true and fair view whKh is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accofdance with the methods and principles of the Statement of Recornrnended practi for accounting and reportin8 by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)J. I have no ¢on¢erns and have come across no other matters in connection with the examination to which attention should be drawn in this rep)rt in order to enable a proper understandin8 of the accounts to be reached 16112/2022 Joanne Trowbridge MAAT -.2022 Bristol Communty Accountsnts ac. The ParL Daventry Road. Knowle, Bristol. BS4 IDQ
En4* ID.. c47l67D&31C24g1O&cc9w0l2s BRISTOL COMMUNITY FM LTD STATEMENT OF FINANaAL ACTMllES (Includini Income and Expenditure Account) YEAR ENDED 31 MARCH 2022 Fund5 2021 In¢0m1 •nd Endtymntsfrtyn: Donat40ns and legacies Charitable activities Othertrading actbvities 14.664 3.1(6 21,945 49598 64262 3.106 21.945 39,712 16,891 Totsl 39.715 49,598 89,313 56.603 Expendlture On". Charitablè activitles Other 31756 1.357 44.224 76.980 1357 S6,038 I,oio Total 34.113 44.224 78.337 57.048 Net In¢omelIe¥penth¢} 5.602 5.374 10,976 Gros5 transfefs betwèen fund5 11.0401 Total fld% W forward 11.611 1.955 13.566 14.011 Totsl lund5 wAed lorward 16.173 8.369 24.542 13.566 As required by paragraph 4.67 ofthe SORP. the brou8ht forward and carried tOP4¥ard fvnds abovè have been agreed to the Balance Slttt. ** See note 15 forfull comparalivt far 2021
DotrJSYJn En¥kn ID.. c47167D1C2494&94D&CCFtP3w0l25 BRISTOL COMMUNITY FM LTD BALANCE SHEEr YEAR ENDED 31 MARCH 2022 Cuffent assets Debtors Cash at bank and in harKI 4,655 9.546 25.261 25261 14.201 Creditors: Amountsfalll due wlthln one par {7191 16351 Net current assets I441 13.566 24.542 13.566 Funds Restrfjtted funds Unrestrirted funds 1.955 11,611 14 16,173 24.542 13,566 The directors are satisfied thatthe company Isentied to exemptKm audit U[r$eCtIon 477 of the cpanIeS Act 2Ca16 relatingto small companies. Dirertors, respongblllties.. The members have not required the company to obtaÉn an audlt in xcordance wfth seaion 476 of the Companies Art 2006. The directors acknowledge their responsibilities for comptyin8 with the reoukrerneftts of the Companies Act with respect to atcountin8 records and the preparation of accounts. Thèse account5 have been prepared tn accordance with the provisiM5 applicableto small companie5 subjeLt to the Small cofflpanies, re8ime and in accordance with FA5102 SORP. 12/1612022 TheSefinancI statements were appro¥ed by thetntsttts on.. . and are 5ignoJ on their behalf bv.. Michael Matmahon Dirertor
Do¢u&gn Envekipelo.. c4718731C24S4MlfcFf06F0125 BRISTOL COMMUNITY FM LTD NOTES TO THE FINANaAL STATEMENrs YEAR ENDED 31 MARCH 2022 Acwun¢lnB polld al These accounts have been prepared vrthr the historical cost con¥ention with item5 recognised at cost or tr3Trsartion value unles5 Othenvise ststed in the relevant notelsl tothe accounts. The financial statements havt been prepared in accordan tlth the Statement of Recommended Practice.. Accounting and Reportir¢g by Charities preparin8 their accounts in Jtttsrdar with the Finanual Reporting Standard ap1(able in the UK and Republic of Ireland IFRS 1021 leffecti¥e from l January 20191- Icharities SORPIFRS 10211 and with the Charities Act 2011 and Companies Att 26. bl The accounts have been prepared on the assumpti( that tl clwltable company Is able to continue as a golng cOnrn, which the trustees consider appropriate. having considered the progress that has been m•de in identifying additional sourcts of income and the continued ability of the tharity to satisfy its Creditors and funders. There art no material uncertainties about the charr(able company's abiltyto continue as a Boingconcern at this time. cl The charity meets the definition of a public benefft entity as defined by FRS 102. dl Incowre from donations 15 induded in Income when these are recèivable. except as follo.. il When dontsr5 specify that donatims oiven to the tharity must be used In future accounng periods. the tncome Is deferred until those periods. ill When don$ impose conditions whith have to be fvlfilled before the d)3rity become5 entitled to Use such income, the Income ts deferred tsntil the prtrcondttlon have beerr met. el Expenditsjre is reco8nlsed in the perigd in ThKh they aTr incurred. Expendibjre indudes attributable VAT which Cannot be COvered. Most expenditure is diredly attributsble to SFecrfK actNities. and have been iftduded in th¢)se cost categorio. Support ost has been allfKated 100% towards the tharitsble activittes of the tharity. Rentals applicable to operatin8 lease agreennts where substantially all of the beneffts and risks of ownership remain with the lessor are tharged against wofitson a strai8ht-line basis overthe pwiod of the lease. h) Unrestricted fvnds can be used in accordance wrth the tharitable objects atthtdi5c1on of thetfustèes. Restrirted funds can only bE Used for p•rtiwlar re5trirted F)urpo within objects of the tharity. Re5trKtions arise when spetifid by the donor or when fund5 are r$¢ for part¥ reStrItt purp05èS. 11 The charity onty has finantial assets and finantial Ilabililies of a kind that qvaltfy as basit finandal Onstrnmen Basic ftnanual instruments are initially reco8nised at trans]0 valueand subsequentty measured attheir $èttMent value.
Do9jrI Envdope ID.. C47167DM1C248ICKCFlo12S BRISTOL COMMUNITY FM LTO NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2022 Income and Endowments Fmm: l)onadonsand i*ts Fund5 2021 Donations 264 264 Fundraising ents Grants 163 39.301 14.4Crt) 49,598 63,998 49.598 Dgnotion ondlegodesprioryeor urlrestr Restricted Total Funds nds Funds Donotws Fundrnislng events Gmnts 248 163 163 39.301 39.712 31401 Charltable A¢tSvits Unrestr1d Re5tr1rted Total Fund5 Total Funds 2021 Seryice conthcls 3.11 3.1 3,106 3,106 Charitoble uctivitiespiToryeor- oll unrestrirted otherTradlw acll¥hles Unwe5ty1tted Restritted Total Fwnds To1 Funds Fun 2021 Ad¥ertisin8 21.945 21.945 16,891 othertroding octivitiesprioryeor- oll uftrestricted -io-
tloutstqn Envdope ID.. ¢4716Th31C2494&94DKCF099e12s BRISTOLCOMMUNITY FM LTD NOTES TO THE FINANCIAL STATEMÉKrs YEAR ENDED 31 MARCH 2022 G¢¥emmert an1$ The charitable company e1ved government 8rants. defined as funding frorn 8ri5tol fjtyCourKil and the Natlonal Heritage Lottery Fund to fvnd tha¥itable artfvitbes. The total value of such grants bn the peritid ertdÈd 31 March 2022 was Éfj4.19812021: £14.3011. Ther• are no unfulfilled corwjrtions of tontinencies attaching to these 8rants in the current or prior ytars. Expenditure On: Chafft•blt acll¥5tles Fwnds Funds 2021 Equipment, hire and maintenan Volunteers and expenses Subscriptions and licence fees Telephone Insurance Website & streaming Offke costs Production costs Rent Sales commission CoTrirart & TratnlnB 5er¥ices Bad debt 3.119 820 5.$55 6,129 3.292 8.426 6,243 82 1.109 1.158 1.116 42,2XI 3,286 6.143 1.109 978 549 432 28,491 3.881 2,567 253 io 35.546 3286 1.106 6,744 32.756 44224 76.980 $6.038 Choritaljle ortivitiesprior>eor unrestri ReStn¢ TotalFunds Funds Equlpment, hiie ondmolfttenonce Volunteers ondexpenses Subscriptions ondlieertcelees Telephone Insurne Website & streomiftg Officecost5 prOdttIOn costs Rent Sale5 commission Bfjddebt 1358 4.197 s27 1.762 5.555 6.129 3,292 1.530 978 521 139 2222 1,803 2.567 978 549 28 293 26,269 2.078 432 28.491 3.881 2,567 3,3L 56,038 15.584 40.454 -li-
Dotsjsign Env8Kipe ID.. e4716731c2494DCcFOSWO125 BRISTOL COMMUNITY FM LTD NOTES TO THE FINANCIAL StATEMENrs YEAR ENDED 31 MARCH 2022 12 Related Party Trnr Thetrustees have ¢ongdered pefsonal and other Interests. in as a result ot a dedsion mad¢ an IndNidual mty benèfitfinancially orotheMs. eithw dtrrectly or indirectty. In orderto complywtth their duttes. the trusttes confirm the pe15 affetted doe5 nottskè part in anydi5CUSSM)ns relatin8tothe is5ue£oncemed other than to clarifyfacts. Ourin# theyear, the tharity paid £16A712021.. £13.3841to Pat Hart in Itspertof fees foradmin1stratj¢ of the Radio Station. work M behalf of restrirted projects and reimbursèment of expenses inturred during the year. Pat Hart is the partner of Sherri EuBene-Hart. a tntstee of the tharity. Otherthan disdosÈd above. there ha¥t bee•) no other related partytransact)ns during theyear12021: £nill The charity tTU5tees were not paid or e1ve ony other beneftts from employment with the charlty in the year12021: £nill No trustee5 were reimbutsed expen5e5 duringthe year12021: £nill. No chaiitytrustee received payment for profes9ional or other 5eNice5 supplied tothe tharity12021: £nill. 14 MobYn¢nt lfttunds At Out¢ Tr•n51ets 31.mar 2022 -A Incoml Restrirtedfunds Your BrISt Llfe Project Covid 19 Emergency Sup Resotsrcing Racial Justice 126,2291 111,1301 19,499 19.499 1.955 117.9951 1.040 1.955 49.598 144.2241 I0 8.369 Unrestritted lurn15 General fund$ 11.611 39.715 134.1131 11,0401 16,173 Tolal fvnd5 13.$66 89,313 178.3371 24,542 National Flerits8e Lottery-your 1$to1 ffe proiert National Herita8e Lottery- Covid 19 Emer8enci support Pfism The Gift- Resourcbng Racial Justice nds In defidt Your Bristol fe Project- Expenses incurred in advanceof funding being received from the Nat>)nal Herita8e Lottery
D(S En¥dopo10.. c47l67D1C2494Dl)5w0l25 BRISTOL COMMUNITY FM LTD NOTES TO THE FINANaAL STATEMENTS YEAR ENDED 31 MARCH 2022 Other Uv#estrf Totsl Funds Totsl F5 Independent examlnerfs fee Accountancy fee Late filinB fee 499 499 479 358 358 156 375 1357 1,357 I,oio Otherprior year-oll unrestricted Net 5ncom1 resources forthey Thh is stal•d aftor ch¥8iN". Independent examlnels fee 499 479 Taxatlon The th¥ity is exemptfroln cOfporn0n taxw its d[ble attivilies. io Debt 2021 Trade debtors 4.655 4,655 11 credtt0 •mountsfallh¥ due wlthln 2021 Accruals and deferred income Accruals 719 635 719 63S
Doujsign Envelope ID: C47I67D&31C24Y4&94DCFO9Q125 BRISTOL COMMUNITY FM LTD NOTES TO THE FINANCIAL STATEMEpifs YEAR ENDED JI MARCH 2022 IS Analysis of Chavlt•ble F- Prn¥lous Yeu las requlred by parayaph 4.2. ofthe SORPI Furrt nds 2021 In¢omlng and Endowments from". Donations and le8acies Chaiitable activrtiès OtherTradinq actNlties Other 16.107 7.2 3,857 10,5LX) 27.130 39.712 16A91 37.664 27,130 56.603 EXdItute On: Charitable artswties Other 33.901 539 18.071 56.038 I,oio 34,440 18.071 57,048 Net incomellexpenditurel 3.224 9.059 14451 613 1.115 14,011 Total ld$ carrledl0rrd 3,837 10.174 13,566 16 Analysls olnet assets IKt**en funds Gtne¢al Restricted Funds nd% Cash at Bank and In Hand Other Net Current As5etslLlabilities} 16.892 17191 8,369 25,261 17191 16.173 8.369 24.542 Anatysls ol assets belween fvnds. General Restrki•d Funds Funds Tottl Funds Cash at Bank and In Hand Other Net CuTrentAssetsniabilitiesl 1628) 4.020 10.174 9.546 4,020 3.392 10.174 13,566 17 Company Ilmiied by #u¥artee The company is limited by arantee and as such has no i55ued sharecapital. In the event of the company beingwound up the liabilityof the members is limited to £1 each.