## **Bath Hospital Radio**
**Charity No. 1168453**
## **Trustees' Report and Unaudited Accounts**
**31 January 2022**
**Bath Hospital Radio Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7|
|Detailed Statement of Financial Activities|13 to 14|
Page 1
**Bath Hospital Radio Trustees Annual Report**
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 January 2022.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1168453**
## **Principal Office**
Manor Lodge Royal United Hospital Bath BA1 3NG
## **Trustees**
The following trustees served during the year:
N. Barnett (Resigned 31 January 2022) J. Ferguson (Resigned 30 June 2022) O. Lewis S.D. Maggs P. Maguire (Resigned 31 July 2022) L.G. Nix
## **Accountants**
The Waldron Partnership Ltd 30 Circus Mews Bath BA1 2PW
## **OBJECTIVES AND ACTIVITIES**
The Charity's objects and regulations are regulated by a constitution dated 21 July 2016.
The charitable objects for which the charity is established are to promote the welfare of patients confined to hospitals located within the boundary of the City of Bath and at other locations which from time to time may be determined by the management committee. This aim shall be achieved by the broadcasting of such material as shall be deemed suitable by the management committee.
## **ACHIEVEMENTS AND PERFORMANCE**
It’s been another great year for us, and a lot of change has taken place at the station. Coming out of Covid restrictions was very welcome, and the work we started at the start of the Pandemic of splitting up our ‘evening teams’ meant that we now have more live broadcasting hours than ever! We are now currently live on air for around 40 hours per week!
In December we had a successful Marathon Broadcast Weekend. All presenting slots were filled in record time broadcasting for 28 hours over the two days raising £876.00. Ollie Lewis was appointed as Station Manager.
2022 started with a big change to the station. Bath Radio merged with the team of BA1 radio. This brough experience and expertise to the station and will help shape the future of the station. We aim to rebrand and launch as ‘Bath Sound’ later at the end of the year with a new look, brand, and sound.
Page 2
## **Bath Hospital Radio Trustees Annual Report**
Sam Maggs and Luke Nix from BA1 joined as trustees. Julia stepped down as chair and it was agreed that Ollie Lewis and Samuel Maggs will be Co-Chairs to run the station following Julia’s decision to step down. The merger with BA1 also brought new presenters as well as new presenters recruited filling new slots in the schedule.
We formed a strong relationship with Shout Out Radio - a Bristol base LGBTQ+ radio station. We air their podcast along with two other stations every Saturday at 7pm. They invited us to be involved with covering Bristol Pride 2022 and we aired full coverage for 12 hours live on our station from Bristol Downs. Ollie was invited by them to present a two-hour slot interviewing acts as they came off stage including Katrina and the Waves.
We have recently signed a new lease with the RUH meaning are future is secured at the lodge for at least another 5 years.
## **FINANCIAL REVIEW**
The financial position of the charity remains well placed. Thanks to past management, we have a healthy surplus of cash that can see us through the coming year. This will be combined with incoming cash from the merger with BA1 Radio totalling £6000. We have no debts or concerns that would impact the charity continuing its work.
We continue to receive regular income from Public Service Announcements and from memberships of volunteers.
Looking ahead we will need to continue this level of financial health, as well as seek to diversify the income that we get, especially as rising costs in the wider environment will begin to affect the charity.
The trustees had agreed a reserves policy of having six months' fixed expenditure held in reserve.
At present the organisation should aim to have £2,000 to £2,500 in reserve which represents six months' fixed costs at the present level of operation.
The reserves policy is now reviewed by the management committee at each meeting, looking at cash flow forecasts for the ensuing six months.
As of 31 January 2022, the unrestricted reserves were £7,490 which is appropriate for the level set under the reserves policy. The trustees considered this acceptable.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity is managed by a Management Committee. Trustees are appointed in accordance with the constitution.
The Trustees have had regard of the Charity Commission's guidance on public benefit when making decisions. Working to continue to benefit the general public and provide a benefit to those we serve.
## **Statement of trustees' responsibilities in relation to the financial statements**
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
## **Bath Hospital Radio Trustees Annual Report**
Signed on behalf of the charity's trustees
O. Lewis Trustee 21 October 2022
Page 4
## **Bath Hospital Radio Statement of Financial Activities**
## **for the year ended 31 January 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net (expenditure)/income**
9
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Restricted**
**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|---|
|||**2022**|**2022**|**2022**|**2021**|
|||**£**|**£**|**£**|**£**|
|||||||
|||4,325|-|4,325|2,031|
|||1,157|-|1,157|1,970|
|||1,919|-|1,919|2,128|
|||1|-|1|3|
|||7,402|-|7,402|6,132|
|||||||
|||4,788|-|4,788|4,306|
|||143|4,924|5,067|1,159|
|||4,931|4,924|9,855|5,465|
|||-|-|-|-|
|||2,471|(4,924)|(2,453)|667|
|||-|-|-|-|
|||2,471|(4,924)|(2,453)|667|
|||||||
|||2,471|(4,924)|(2,453)|667|
|||||||
|||5,019|30,183|35,202|34,535|
|||7,490|25,259|32,749|35,202|
|||||||
|||||||
|||||||
Page 5
**Bath Hospital Radio Balance Sheet at 31 January 2022**
|**Charity No. 1168453**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Creditors:**Amount falling due within one year
13
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
14
Restricted income funds
**Unrestricted funds**
14
General funds
**Reserves**
14
**Total funds**|**2022**
**£**
20,268
20,268
830
12,131
12,961
(480)
12,481
32,749
32,749
32,749
25,259
25,259
7,490
7,490
32,749|**2021**
**£**
25,335|
|---|---|---|
|||25,335
830
9,037|
|||9,867
-|
|||9,867
35,202|
|||35,202|
|||35,202|
|||30,183|
|||30,183
5,019|
|||5,019|
|||35,202|
Approved by the trustees on 21 October 2022
And signed on their behalf by:
O. Lewis Trustee 21 October 2022
Page 6
**Bath Hospital Radio Notes to the Accounts**
## **for the year ended 31 January 2022**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the income charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in legacies the the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**Bath Hospital Radio Notes to the Accounts**
## **Expenditure**
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment 20% reducing balance
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 8
**Bath Hospital Radio Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
3
**Income from donations and legacies**
Donations
Major donations and legacies
4
**Income from charitable activities**
Membership fees|**Unrestricted**
**funds**
**2021**
**£**
2,031
1,970
2,128
3
6,132
4,485
4,485
1,647
1,647
1,647
3,372
5,019
**Unrestricted**
**£**
610
3,715
4,325
**Unrestricted**
**£**
1,157
1,157|**Restricted**
**funds**
**2021**
**£**
-
-
-
-
-
980
980
(980)
(980)
(980)
31,163
30,183
**Total**
**2022**
**£**
610
3,715
4,325
**Total**
**2022**
**£**
1,157
1,157|**Total funds**
**2021**
**£**
2,031
1,970
2,128
3|
||||6,132
5,465|
||||5,465|
||||667|
||||667|
||||667
34,535|
||||35,202|
||||**Total**
**2021**
**£**
2,031
-|
||||2,031|
||||**Total**
**2021**
**£**
1,970|
||||1,970|
Page 9
## **Bath Hospital Radio Notes to the Accounts**
|5
**Income from other trading activities**
Fundraising events
6
**Income from investments**
Bank interest receivable
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Broadcasting activities
_Governance costs_
Accountancy fees
8
**Other expenditure**
**Unrestricted**
**£**
Depreciation of fixed assets
143
143
9
**Net (expenditure)/income before**
**transfers**
This is stated after charging:
Depreciation of fixed assets
10 **Staff costs**
No employee received emoluments in excess of £60,000.|**Unrestricted**
**£**
1,919
1,919
**Unrestricted**
**£**
1
1
**Unrestricted**
**£**
4,308
480
4,788
**Restricted**
**£**
4,924
4,924
**2022**
**£**
5,067|**Total**
**2022**
**£**
1,919
1,919
**Total**
**2022**
**£**
1
1
**Total**
**2022**
**£**
4,308
480
4,788
**Total**
**2022**
**£**
5,067
5,067|**Total**
**2021**
**£**
2,128|
|---|---|---|---|
||||2,128|
||||**Total**
**2021**
**£**
3|
||||3|
||||**Total**
**2021**
**£**
4,306
-|
||||4,306|
||||**Total**
**2021**
**£**
1,159|
||||1,159|
||||**2021**
**£**
1,159|
Page 10
**Bath Hospital Radio Notes to the Accounts**
## 11 **Tangible fixed assets**
|**Cost or revaluation**
At 1 February 2021
At 31 January 2022
**Depreciation and**
**impairment**
At 1 February 2021
Depreciation charge for the
year
At 31 January 2022
**Net book values**
At 31 January 2022
At 31 January 2021
12 **Debtors**
Other debtors
13 **Creditors:**
amounts falling due within one year
Accruals|**2022**
**£**
830
830
**2022**
**£**|**Equipment**
**£**
78,753
78,753
53,418
5,067
58,485
20,268
25,335|**Total**
**£**
78,753|
|---|---|---|---|
||||78,753|
||||53,418
5,067|
||||58,485|
||||20,268|
||||25,335|
||||**2021**
**£**
830|
||||830|
||||**2021**
**£**|
||480||-|
||480||-|
Page 11
**Bath Hospital Radio Notes to the Accounts**
## 14 **Movement in funds**
|14 **Movement in funds**|||||
|---|---|---|---|---|
|**Restricted funds:**
**Restricted income funds:**
Friends of the Royal United
Hospital
Friends of the RNHRD
National Lottery Funding
National Lottery Funding 2
New Studios 2019 Fund
_Total_
**Unrestricted funds:**
**General funds**
**Total funds**
15 **Analysis of net assets between funds**
Fixed assets
Net current assets
16 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**At 1**
**February**
**2021**
618
65
358
2,515
26,627
30,183
5,019
35,202|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
-
-
-
-
-
-
7,402
7,402
**Unrestricted**
**funds**
**£**
573
6,917
7,490
**At 1**
**February**
**2021**
**£**|**Resources**
**expended**
**£**
(124)
(13)
(72)
(503)
(4,213)
(4,924)
(4,931)
(9,855)
**Restricted**
**funds**
**£**
19,695
5,564
25,259
**Cash flows**
**£**|**At 31**
**January**
**2022**
**£**
494
52
286
2,012
22,414|
|||||25,259|
|||||7,490|
|||||32,749|
|||||**Total**
**£**
20,268
12,481|
|||||32,749|
|||||**At 31**
**January**
**2022**
**£**|
|||9,037|3,094|12,131|
|||9,037
9,037|3,094
3,094|12,131|
|||||12,131|
||||||
Page 12
**Bath Hospital Radio Detailed Statement of Financial Activities**
## **for the year ended 31 January 2022**
|**Income and endowments from:**
Donations and legacies
Donations
Major donations and legacies
Charitable activities
Membership fees
Other trading activities
Fundraising events
Investments
Bank interest receivable
**Total income and endowments**
**Expenditure on:**
Charitable activities
Broadcasting activities
Governance costs
Accountancy fees
**Total of expenditure on charitable**
**activities**
General administrative costs
Depreciation of fixed assets
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**|**Unrestricted**
**funds**
**2022**
**£**
610
3,715
4,325
1,157
1,157
1,919
1,919
1
1
7,402
4,308
4,308
480
480
4,788
143
143
143
4,931
-
2,471
2,471
-
2,471|**2022**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,924
4,924
4,924
4,924
-
(4,924)
(4,924)
-
(4,924)|**Total funds**
**2022**
**£**
610
3,715
4,325
1,157
1,157
1,919
1,919
1
1
7,402
4,308
4,308
480
480
4,788
5,067
5,067
5,067
9,855
-
(2,453)
(2,453)
-
(2,453)|**Total funds**
**2021**
**£**
2,031
-|
|---|---|---|---|---|
|||||2,031|
|||||1,970|
|||||1,970|
|||||2,128|
|||||2,128|
|||||3|
|||||3|
|||||6,132
4,306|
|||||4,306|
|||||-|
|||||-|
|||||4,306
1,159|
|||||1,159|
|||||1,159|
|||||5,465
-|
|||||667|
|||||667
-|
|||||667|
Page 13
## **Bath Hospital Radio Detailed Statement of Financial Activities**
|**Bath Hospital Radio**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|5,019
7,490|30,183
25,259|35,202
32,749|34,535|
|||||35,202|
Page 14