COMPANY REGISTRATION NUMBER: 08488902 CHARITY REGISTRATION NUMBER: 1168243 ## Radio Ninesprings Company Limited by Guarantee Unaudited Financial Statements 30 April 2025 Radio Ninesprings Company Limlted by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) Year ended 30 April 2025 The trustees, who are also the directors for the purposes ofcompany law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2025. Roference and adminislrative details Registered charity name Radlo Ninesprings Charity registration number 1168243 Company registration number Registered office 08488902 The Litlle Shop Huish Park Stadium Lufton Way Yeovll Somerset BA22 8YF The trustees S A Halgh A C Dening S E Mackenzie-Green Chairman Independent examlner Jean Fairbotham Structure. governance and management Trustees and Dlrectorn Our trustees were appointed on Ihe basis of their professional stalus and experience and their good standing within the local community. No formal training was given. The Irustees of Ihe charity, who are also directors of the company were S.A Haigh, A.C Dening, and S.E Mackenzie-Green. Trustees Intorosts S Haigh was engaged to sell advertising on a commlssion only basis and was paid commisslon on hls ad sales. on a self-employed basis. Shares The company has no issued share capital and is limited by guarantee of ils members. Each member guaranlees £1 on the winding up of the company. Each trustee is a member of Ihe Company. Radio Ninesprings Company Llmltsd by Guarantoo Trustees, Annual Report (Incorporating the Olrectorfs Report) (continued) Year ended 30 April 2025 Objoctlves and activitles ObJ6ctlves of the Charlty". The charitable purposas ol Radio Ninespnngs are to advance Ihe educalional and training ol Ine inhabitants of Yeovil and district of South Somerset in radio production, broadcasting and media skills lechniques. The company was formed on 15 Aprll 2013 as a Communily Interest Company under Ihe name of Radio Yeovil Community Interest Company. The company registration number is 08488902. The company Changod its name to Radio Ninesprings on 29 April 2016 and changed its status to a company limiled by gU8ranlee and 15 governed by its Memorandum and Articles of Association. Rogislralion as a charity was obtained on 15 July 2016, reglstration number 1168243. The trustees have paid due fegard lo thg guidance given by the Charity Commission on public benefit when deciding what aclivilies the charity should undertake. Voluntoern". 23 volunteers are currontly registered with Radio Ninesprings. Volunleors 8ro engaged in a variety of tasks including podcasting, DJ and presentation work, social media produclion, IT. and community nèwsgalherfng. Resume of the Year: May 2024 to April 2025 WG enjoyed anothor succosslul yoar providing listeners with a service of enlert8inmenl. discussion, local news and community informalion. We reportod on major flood ovonls in Quoon Camol, North Cadbury and Mudlord in which poople had to leave their homes. InleNiews wilh residents. Ihe emergency services and local council were broadcasl, logelher with signposting lo whero help was available. Radio Ninesprings is a 'walk-in and talk, slalion, and people came lo our studio lo talk aboul issues of concem. For example, debates look place aboul the Yeovil Refresh Project and closing Iha Ocla9on Theatre. Publicily was given to events and lo fund raising appeals. To mark the 80th anniversary of ViGlory in Europe Day, inteNiews were recorded with people about VE Day in 1945. The national VE Day Proclamation, readTrouI by Yeovil's Town Crier in The Borough in Yeovil, was broadcasl. Our volunteers devoled enomious amounts lime to Radio Ninespnngs, with some engaging in olhor volunteering foles, supporting the local community. For examplo, Ihe Presenter of our'communily News,, Pippa Hamilton, worked as a volun16er driver with the British Red Cross. Two new Presenters joined Ihe slalion. Julie Haylock to present 'From the Polling Shed, _ a wookly gardening feature and Gemma Portor to present 'From the Pross Box, a weekly round-up of news from Yeovil Town FC. Both were given radio skills Iraining and passed with flying coloursl Our studio was out of action lor sevèral weeks due lo a llood evenl. caused by a third parly. Production and presentation was transferred lo Ihe homo studios of volunteers. The 'on airf output was not impacted. We worked in parlnership with Somerset Jobs lo stage Jobs Fairs in Yeovil. We worked with 'Yeovil Togelher, lo promote a mulli-cullural event. With th8 station car, we took part in camival processions in Chard, Ilminsler, South Petherton and Wincanton. Outside broadcasts were held at Yeovil Sleam Rally. the Gurt Gathering and Yeovil Christmas Lights Swilch-on. A Repair Shop was opened in Yeovil with our help. Community magazines conlinued lo submit news stori8s and local infomialion. The sharing of broadcast malerial wilh BBC Radio Somersel and other Somerset CR slalions continued. Digital engagement continued to grow, with evidence that greater numbers of people now listen lo Radio Ninesprings online and via smart speakers. Advertising income was slightly down during the period May 2024 to April 2025, bul the st81ion remained viable and mot its financial commitments Results and Future Developments in the Business of the Company; Ofcom has awarded Radio Ninesprings an SSDAB licence to cover Yeovil and South Somersel. We're now seeking funding to buy a DAB + transmitter. Two new local radio services lo run on our SSDAB are in development. We're speaking with other radio slallons al)out booking space on the multiplex. We plan that il will be up and w0￿1ng by September2026. auio Ninesprings Company Llmfted by Guarantse Year ended 30 April 2025 Iok valu8} DepreCIa￿On - Plant & Machlnery125% of nel book valuol 478 174 5.876 7,311 Accrual Basls Fridav 14 November 2025 04..54 Dm GMT+OO.'OO 1r Radio Ninesprings 104.5 FM i inanciai Activities May 2024 - April 2025 NINE- I kiTAL AY 2024 . APR 2025 MAY 2023 - APR 2024 IPYI £ (T,486) NET OTHER INCOME £ <6￿54> £8J97 NET INCOMEIIEXPENDITUREI ' ¢crual Basis Fridav 14 November 2025 04..54 Dm GMT+OO:OQ Radio Ninesprings 104.5 FM daiance Sheet As of April 30, 2025 I OTAL AS OF APR 30. 2025 AS OF APR 30. 2024 IPY) Flxed Asset Tangiue ass6LO Motor Van . Cost Motor Van - Depredation (25% 01 net book valu81 riani & Machinery. Losl Plant & Machinery . Deproclatlon125% 01 nel book v8luel Tctsl TaTrJlt4• a800ts 2,083 16521 98,517 180,7691 £19,179 £19,179 2,083 11741 96,827 174,8931 YA Cash al bank and In hand Bank- 8uslnoss Reserve Ac164981 Bank- Curronl Ac164631 Total CaBh at bank In hwMI Deblors Ooblo 21,196 6,197 12,242 172 £12.414 41,197 £41,197 38,711 £38,711 Current Assets Bad debt provislon Pfepaymonts and accrued Incom8 19321 19321 912 £ (20) L51,105 £1992) £87,659 NET CURRENT ASSETS Creditors: amounts lalllng du8 wilhln one year Curronl Llablltlies Accfuals Dlroclor's loan accounl- SA Ha￿h VAT f&nnlrol VAT Suspgnsg 1,490 6,076 7,941 37 1,723 £12B85 £12 1,32U NET CURRENT ASSETS ILIABILITIESI TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL NEf ASSETS ILIABILITIESI £55.274 £74,453 £74.4S3 £42,213 Charity funds Roslrictgd Funds Somorsel County Coundl Grant lor 08m￿racY Radlo Projecl 2,034 Rolalnod Earnings Aglained prolit balance forward account SurplusJlDelioll 21,432 42.590 8,397 £74,4&3 18,440 42.590 2.992 Accrual Bas15 Fridav 14 November 2025 04:59 Dm GMT+OO:00 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts On accounts for tho year ¢ndod Charity no Ilf any) 8et out on pages I report lo the ITuslees on my examination of the accounts of the above charity 1.the Trust.) for the year ended Rosponslbllltlos and basls of report As the charity's trustees, you are responslble for the Pfeparallon of Ihe accounts in accordance with the requirements of the Charities Act 20111.lhe Act'i I report in respect of my examlnation of the Trust's accounts carried out under Section 145 01 the 2011 Act and in carrying out my examination. I have followed all the appli&gble Directions given by the Charity Commission under 8eclion 14515llbl of the Act. Indopondont oxamlnorfs statomgnt he charity's gross income exce8ded £250,000 and l am qualified to undertake the examin81ion by being a quglified m8mber of[ins0rt 118nie ofapplic8ble lisled body]J. Delele [ J ifiiol 8pplicabl&. I have completed my examlnation. I confirm that no material matters have come to rny attention in connection with the examination lolher than that disclosed below ') which gives me cause lo believe Ihal in, any matetial respect.. the accounlino records were not kept in accordance with section 130 of the ChoritiQ8 Act, or the accounts did not accord with the accounting rècords., or the accounts did not comply with the applicable requirements concerning the form and contenl of accounts sel out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement Ihal the accounts give a 'true and lair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ' Pleasg delete the words in th8 brackets if they do not apply. Slgned: Name: Relevant professlonal qualificationls} or body (if any): Address: odi L- IIIDS'.1147sseis.publishing.%ervite.gov.uklmediii 164ll717aSo90...lale_SORP rRs_102 no￿-tom￿anY_OCt_2ol8 2 .doc ?510?1?.0?.6, 11'4r Parie l of 7 Only complete if the examiner need5 to highlight maleiial matters ol concern (see CC32. Independent examination of charity accounts.. directions and guidence for examiner8). Glve here brief detalls of any items that the examiner ￿she5 to disclose. l?Ilps'.Ilir %*itis.publishing.%crvice.oov.tskimediBif)40717a5eOU...late_%ORP IR%_1(12 non-compan¥'_Oci_2018_ 2 .doc ?510?17.026. 17'.4J Page 2 ol ?.