2024-04-30-accounts

May 2023 to April 2024 The year was one of consolidation for Radio Ninesprings. Given a weakening local economy, the airn w&s for the station to end th¢ period in much the same position as the year had started. However, with shop and other business closures, our advertising revenues were down on the previous year. Income remains a major concern with the increased costs of running the radio station. On recruitmenL two new pres¢nt¢rs joined the station, each having broadcasting experience and settling in quickly to host their new evening shows. A project with students studytno media at Strode FE College making public service messages to promote anti-crime initiatives was launched on-air. Our programming continued to win prdisc for its localness, espccially froni people living alone and view the station as a 'friend in the room. We entered our radio car in the South Somerset Carnival Circuit for a second year, taking part in paradcs in Chard. Iltninster. and Wincanton. One of our new shows -- the People's Play List broadcast on Monday from 7 to 9 pm has g¢n¢rated the station's highest nutnber of listener interactions. Interviews were broadcast on The Community Show and these provided clips for our Local News bulletins. A programme of carols, introduced by the Vicar of Yeovil, was broadc&8t on Christmas Day. The Edito￿ of community magazines submitted information and items of local news. We continued to share broadc&st material with BBC Radio Somerset and other CR stations. Digttal engagelnent continued to grow, with evidence showing that greater numbers of people now listen to Radio Ninesprings on smart speakers. Results and Future Developments in the Business of the Company" OFCOM has advertised a licence to opernte SSDAB for Yeovil (Round Six). Radio Ninesprings has applied for the lic¢nce and is awaiting a decision. Currently, Oppor￿nitieS are being advertised for other rndio stations to take spacc on the Yeovil SSDAB.

COMPANY REGISTRATION NUMBER: 08488902 CHARITY REGISTRATION NUMBER: 1168243 Radio Ninesprings Company Limited by Guarantee Unaudited Financial Statements 30 April 2024

Radio Ninesprings Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 30 April 2024 The trustees, who are also the directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the yeai ended 30 April 2024. Reference and administrative details Registered chaTity name Radio Ninesprings Charity registration number 1168243 Company registration number 08488902 Registered office The Little Shop Huish Park Stadium Lufton Way Yeovil Somerset BA22 8YF The trustees S A Haigh A C Dening S E Mackenzie-Green Chaimian Independent examiner Jean Fairbotham Structure. govemance and management Trustees and Directors Our trustees were appointed on the basis of their professional status and experien￿ and their good standing within the local community. No fomial training was given. The trustees of the charity. who are also directors of the company were S.A Haigh. A.C Dening. and S.E Mackenzie-Green. Trustees Interests S Haigh was engaged to sell advertising on a commission only basis and was paid commission on his ad sales, on a self-employed basis. Shares The company has no issued share capital and is limTted by guarantee of its members. Each member gUarant￿S £1 on the winding up of the company. Each trustee is a member of the company.

Radio Ninesprings Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 30 April 2024 Objectives and activities Objectives of the Charity: The charitsble purposes of Radio Ninesprings are to advan￿ the educational and training of the inhabitants of Yeovil and district of South Somerset in radio production. broadcasting and media skills techniques. The company was fomed on 15 April 2013 as a Community Interest Company under the name of Radio Yeovil Community Interest Company. The company registration number is 08488902. The company Ghanged its name to Radio Ninesprings on 29 April 2016 and changed its status to a company limited by guarant& and is govemed by its Memorandum and Articles of Association. Registration as a charity was obtained on 15 Juty 2016. registralion number 1168243. The trustees have paid due regard to the guidan￿ given by the Charity Commission on public benefit when deciding what activities the charity should undertake. Volunteers: 27 volunteers are currently registered with Radio Ninesprings. Volunteers are engaged in a variety of tasks including DJ and presentstion work, social media production. IT, and community newsgathering. Resume of the Year May 2023 to April 2024. The year was one of consolidation for Radio Ninesprings. Given a weakening local economy, the challenge was for the ststion to end the year in the same posttÈon financially as it had started. Wrth shop and other business closures, our advertising income was do%￿ by around a third on the previous year. Income remains a major COn￿M with increased costs of running the radio station. On volunteer recruitment, two new presenters, each with previous broadcasting experience. joined the station to host new evening shows. A project with students studying media at Strode FE Collège making public service messages to promote antÈ-crime initiatives was launched on-air. Our programming continued to win praise for its localness, especially from people living alone and Nvho view the stalion as a 'fn"end in the room,. We entered our radio car in the South Somerset Camival Circuit for a second year, tskn.ng part in parades in Chard, Ilminster and Wincanton. One of our new shows- the People's Play List - generated the ststion's highest number of listener interactions. Interviews with local people and local groups were broadcast on The Community Show. The interviews provided clips for the Local News bulletins. A programme of carols. intrOdU￿d by the Vicar of Yeovil, was broadcast on Christmas Day. The Edttors of communty magazines continued to submit items of local news from their areas that helped enrich our local speech outpuL We continued to share broadcast material with BBC Radio Somerset and other CR stations in Somerset. Digitsl engagement continued to grow, with evidence showing that a greater number of people now listen to Radio Ninesprings on smart speakers. Results and Future Developments in the Business of the Company: OFCOM has advertised a licence to operate SSDAB for Yeovil (Round Six). Radio Ninesprings has applied for the licence and is awaiting a decision from OFCOM on the application. Currently, we are advertising opportunities for other radio stations to take space on the Yeovil SSDAB.

Radio Ninesprings Company Limited by Guarantee Year ended 30 April 2024 Risk The Trustees have continued to assess the major risks to which the chanty is exposed and systems have been established to minimise those risks. Free Reserves At 30 April 2024 the company had free reserves of £12.843 These reseThes are held to fund the day- to-day running costs of the radio station. Trustees, responsibilities statement The trustees. who are slso directors for the purposes of company law, are responsible for preparing the trustees, report and the financial ststements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to Prepa￿ financial statements for each year which give a true and fair view of the stste of affairs of the charitable company and the incoming resources and application of reSoU￿s, including the income and expenditure, for that period. 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 applicable Charities SORP., make judgments and accounting estimates that are reasonable and pruden( 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 adequate accounting records Ihat are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial posttion of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small company provisions This report has been prepared in accordance with the provisions applicabte to companies entitled to the small companies exemption. The trustees, annual report was approved on 28 January 2024 and signed on behalf of the board of trustees by.. SAHa￿h Twstee and Director

Radio Ninesprings Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Radio Ninesprings Year ended April 2024 I report to the trustees on my examination of the financial statements of Radio Ninesprings ('the charity.) for the year ended 30 April 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (Yhe 2006 Acr). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under sectton 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions gNen by the Charity Commission under section 145(5)(b) of the 2011 ACL Independent examinerfs statsment- I have completed my examination. The accounts prepared for the Company are compliant with the accounting requirements of section 396 of the 2006 Act and have been prepared in accordan￿ with the methods and principles for accounting and reporting by charities. Accounting records have been kept in accordance with the accounting requirements. Sales invoices have been numbered in sequence. Sales invol￿S have been raised and sent to customers. There is control over the payment and recovery of sales Invol￿S. There is a record to show how cash drawn to cover expenses incuffed by trustees for charitable purposes is spent Jean Fairbotham

Radio Ninesprings 104.5 FM Balance Sheet PR As of Awil 30, 2024 You can't9ÈtmreLo¢all TOTAL AS OF APR 30, 2024 AS OF APR 30, 2023 {PY) Fixed Asset Tangible assets Motor Van - Cost Motor Van - Depreciation (25% of net book value) Plant & Machinery - Cost Plant & Machinery - Depreciation (25% of net book value) Total Taryible assets Total Ftsed Assat 2.083 {1741 96.827 (74,893) 95.320 (67.582) £27.TJ8 Cash at bank and in hand Bank- Business Reserve Ac (6498) Bank - Current Ac {6463) Total C&8h at bar* arKI in hand 12.242 172 £11414 29.462 1.298 £30.760 Debtors Total D8bto 38,894 36.219 £36,219 Current Assets Bad debt provision Other debtors Prepayments and accrued income Totsl Currant Assets (932) {932) 1.0¢)0 912 £ (20) £51288 CURRE￿ ASSETS £67,047 Creditors: amounts falling due within one year Current Liabilities Accruals Directorfs loan account- SA Hatgh VAT Control VAT Suspense 3.349 26.941 (831 1.515 £31,722 1.722 6.076 37 1,320 NET CURRENT ASSEfs {LIABILITIES) TOTAL ASSETS LESS CURRENT LIABIUTIES TOTAL NET ASSETS (LIABILITIES) £63.064 Charity funds Restricted Funds Somerset County Council Grant for Democracy Radio Project Total ReStrk￿ Funts 2,547 2A47 10,255 42,590 7,672 Retained Eamings Retained profit balan￿ forward a(￿oUnt Sufplusl{Deficit) Totsl tharity fiAfKL% 18.440 42.590 3.145

Radio Ninesprings 104.5 FM Financial Activities May 2023 - April 2024 RAf)10 PR 104.5 F&1 You can'lget more Lou TOTAL MAY 2￿3- APR 2024 MAY 2022. APR {PYI Income Donations & Legacies (Grants} - Restricted funds Donations & Legacies (Grants) - Unrestricted furmts Income from charitable activities - Radio advertising Investment Income - Bank interest receivable Off-air advertising arKI sponsorship revenues Total Itxx)ma 3,800 1,500 38.814 155 19,265 32.571 205 17,725 TOTAL ExperKlitures Accommodation Accountancy Advertising. marketing & business development Bank charges Bookkeeping CD & song purchases Cleaning and Waste Disposal Computer & intemet ￿StS Credit card charges Democracy Radio - Restricted fun(L8 Everrts Health & wettare Independent examiners fee Insurance Legal and prolessional fees Licences & subscriptions Light and heat Live streaming servtces Motof Tunning expenses Printing, postage and stationery Radio advert production Radio presenter expenses Rent Repairs and renewals Sales Commission Telephone & broadband Travelling expenses Volunteer hospitalty 145 156 25 916 594 1,500 14 138 337 467 1.375 37 101 196 12 513 17 1,253 2.523 130 220 1,600 53 5,538 n2 75 1,652 13 6.321 66 5270 233 2.686 7.294 3.050 791 2.372 319 1,120 4,352 3.749 352 1.597 5.276 5.750 1,964 5.972 419 383 5.506 £46,616 £16,919 NET OPERATING INCOME £10.631 Other Expendtlures Depreuation - Motor Van {25% of net value) Depreciation - Plarrt & Machinery {25Yo of net LMX)k value) 174 7,311 9,247 £9247

Radio Ninesprings 104.5 FM Financial Activities May 2023 - April 2024 104.5 F ytyJc3n't9etmo￿Ltt￿l TOTAL MAY 20f3 - APR 2024 £ (7A86) £4,145 MAY 2022- APR 20TJ IPY) £ (9247) £7,672 NET OTHER INCOME NEf INCOMEI{EXPENDITURE) ••iii

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts ••• Section A Independent Examinerfs Report Report to the trusteesl members of Radio Ninesprings On accounts for the year ended 30 April 2024 Charity no (if any) 1168243 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Yhe Trusf) for the year ended Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act.). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the ACL I have completed my examination. I confinn that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in. any material respecL" accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no cOn￿mS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Signed. Date: /¥ Nam SÉtAtrJ fAILFofkNA Relevant professional qualification(s) or body (if any): Address: CLOS É L- IER October 2018

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts ••• Section A Independent Examinerfs Report Report to the trusteesl members of Radio Ninesprings On accounts for the year ended 30 April 2024 Charity no (if any) 1168243 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Yhe Trusf) for the year ended Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act.). I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145{5)(b) of the ACL I have completed my examination. I confinn that no material matters have come to my attention (other than that disclosed below ") in connection with the examination which gives me cause to believe that in. any material respecL" accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no cOn￿mS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Signed. Date: /¥ Nam SÉtAtrJ fAILFofkNA Relevant professional qualification(s) or body (if any): Address: CLOS É L- IER October 2018