Charity number: 1157024
Life Care Radio
Trustees' report and financial statements
for the year ended 31 May 2021
Life Care Radio
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 |
| Statement of financial activities | 3 |
| Income and expenditure account | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 8 |
Life Care Radio
Legal and administrative information
| Charity number | 1157024 |
|---|---|
| Business address | 115 Primley Park |
| Paignton | |
| Devon | |
| TQ3 3JX | |
| Registered office | 115 Primley Park |
| Paignton | |
| Devon | |
| TQ3 3JX | |
| Trustees | Jacqueline Constable |
| Catherine Burgess | |
| Mark Burgess | |
| Andrew Silcox | |
| Rosalea Atkinson | |
| David Burlace | |
| Secretary | Catherine Burgess |
| Accountants | IAW Accountancy Services |
| 5 Hyde Road | |
| Paignton | |
| Devon | |
| TQ4 5BW | |
| Bankers | Barclays PLC |
| 6/8 Palace Avenue | |
| Paignton | |
| Devon | |
| TQ3 3ET |
Page 1
Life Care Radio
Report of the trustees for the year ended 31 May 2021
The trustees present their report and the financial statements for the year ended 31 May 2021. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Objectives and activities
Achievements and performance
Financial review
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
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 operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
On behalf of the board
Andrew Silcox Chair
Page 2
Life Care Radio
Statement of financial activities
For the year ended 31 May 2021
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Voluntary income 2 12,003 - Activities for generating funds 3 36 - Incoming resources from charitable activities 4 - - Total incoming resources 12,039 - Resources expended Establishment costs 6,420 - Legal and professional fees - - Communications and IT 350 - Other office expenses 495 - Activity 1 - Other costs - - Activity 1 - Studio repairs and maintenance 571 - Total resources expended 7,836 - Total funds brought forward 2,691 744 Total funds carried forward 6,894 744 |
2021 Total £ 12,003 36 - 12,039 6,420 - 350 495 - 571 7,836 3,435 7,638 |
2020 Total £ 2,688 1,213 71 |
|---|---|---|
| 3,972 | ||
| 2,180 1,250 402 603 205 53 |
||
| 4,693 | ||
| 4,156 | ||
| 3,435 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 3
Life Care Radio
Income and expenditure account
For the year ended 31 May 2021
| For the year ended 31 May 2021 | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Notes | £ | £ | |||
| Income | 12,039 | 3,972 | |||
| Operating expenditure | (8,542 | ) | (4,693 | ) | |
| Operating surplus | 3,497 | (721 | ) | ||
| Retained surplus for the financial year | 3,497 | (721 | ) |
All activities derive from continuing operations.
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 4
Life Care Radio
Balance sheet as at 31 May 2021
| Notes Current assets Debtors 6 Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets Net assets Funds 8 Restricted income funds Unrestricted income funds Total funds |
2021 £ £ 442 6,689 7,131 ) (200 6,931 6,931 744 6,187 6,931 |
2020 £ £ 638 2,997 3,635 ) (200 3,435 3,435 744 2,691 3,435 |
2020 £ £ 638 2,997 3,635 ) (200 3,435 3,435 744 2,691 3,435 |
|---|---|---|---|
| 3,435 | |||
| 744 2,691 |
|||
| 3,435 |
The financial statements were approved by the trustees on 31 August 2021 and signed on its behalf by
Andrew Silcox Trustee
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 5
Life Care Radio
Notes to financial statements for the year ended 31 May 2021
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 1993.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 6
Life Care Radio
Notes to financial statements for the year ended 31 May 2021
2. Voluntary income
| Donations Grants receivable Sponsorship Subscriptions 3. Activities for generating funds Fundraising events 4. Incoming resources from charitable activities Sale of goods/services |
2021 Total £ 502 11,031 - 470 12,003 2021 Total £ 36 36 2021 Total £ - - |
2020 Total £ 1,332 - 800 556 |
|---|---|---|
| 2,688 | ||
| 2020 Total £ 1,213 |
||
| 1,213 | ||
| 2020 Total £ 71 |
||
| 71 |
5. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
Number of employees
The average monthly numbers of employees (including the trustees) during the year, calculated on the basis of full time equivalents, was as follows:
| 2021 | 2020 |
|---|---|
| Number | Number |
Page 7
Life Care Radio
Notes to financial statements for the year ended 31 May 2021
| 6. Debtors Prepayments and accrued income 7. Creditors: amounts falling due within one year Accruals and deferred income 8. Analysis of net assets between funds Fund balances at 31 May 2021 as represented by: Current assets 9. Unrestricted funds Unrestricted Fund 10. Restricted funds Restricted Fund |
2021 £ 442 2021 £ 200 Unrestricted Restricted funds funds £ £ 6,187 744 6,187 744 At 1 June Incoming Outgoing 2020 resources resources £ £ £ 2,691 12,039 ) (8,543 At 1 June 2020 £ 744 |
2020 £ 638 2020 £ 200 Total funds £ 6,931 |
|
|---|---|---|---|
| 6,931 | |||
| At 31 May 2021 £ 6,187 At 31 May 2021 £ 744 |
|||
Page 8
Life Care Radio
The following pages do not form part of the statutory accounts.
Life Care Radio
Detailed statement of financial activities
For the year ended 31 May 2021
| 2021 | 2021 | 2020 | 2020 | |||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Incoming resources | ||||||
| Incoming resources from generating funds: | ||||||
| Voluntary income | ||||||
| Donations | 502 | 1,332 | ||||
| Grants receivable | 11,031 | - | ||||
| Sponsorship | - | 800 | ||||
| Subscriptions | 470 | 556 | ||||
| 12,003 | 2,688 | |||||
| Activities for generating funds | ||||||
| Fundraising events | 36 | 1,213 | ||||
| 36 | 1,213 | |||||
| Total incoming resources from generating funds | 12,039 | 3,901 | ||||
| Incoming resources from charitable activities | ||||||
| Sale of goods/services | - | 71 | ||||
| - | 71 | |||||
| Total incoming resources | 12,039 | 3,972 | ||||
| Resources expended | ||||||
| Costs of generating funds: | ||||||
| Activity 1 | ||||||
| Activity 1 - Establishment - Radio equipment | 6,345 | 1,893 | ||||
| Activity 1 - Establishment - Insurance | 75 | 287 | ||||
| Activity 1 - Professional - Other | 1,054 | 1,250 | ||||
| Activity 1 - Office expenses - Telephone | 350 | 402 | ||||
| Activity 1 - Office expenses - Other | 147 | 604 | ||||
| Activity 1 - Other costs | - | 205 | ||||
| Activity 1 - Studio repairs and maintenance | 571 | 53 | ||||
| 8,542 | 4,694 | |||||
| Total cost of generating voluntary income | 8,542 | 4,694 | ||||
| Fundraising trading: | ||||||
| cost of goods sold and other costs | ||||||
| Total costs of generating funds | 8,542 | 4,694 |
Page 10
Life Care Radio
Detailed statement of financial activities
For the year ended 31 May 2021
| Charitable activities Governance costs Activities undertaken directly Office expenses - Other Total governance costs Net incoming/(outgoing) resources for the year |
2021 £ - - - 3,497 |
2020 £ ) (1 ) (1 ) (1 ) (721 |
|---|---|---|
Page 11