Bath Hospital Radio
Trustees' Report and Unaudited Accounts
31 January 2023
Bath Hospital Radio Contents
| Pages | |
|---|---|
| Trustees'AnnualReport | 2 |
| Statement of FinancialActivities | 5 |
| BalanceSheet | 6 |
| Statement ofCashflows | 7 |
| Notesto the Accounts | 8 |
| DetailedStatement of FinancialActivities | 15 to 16 |
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 2023.
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:
J.R. Burchill.R. BurchillR. Burchill. Burchill Burchillurchillchillhillill
J.R. Burchill.R. BurchillR. Burchill. Burchill Burchillurchillchillhillill (Resigned 11 July 2023) J. Ferguson (Resigned 30 June 2022)
O. Lewis
S.D. Maggs
P. Maguire (Resigned 31 July 2022) L.G. Nix (Resigned 25 October 2022) H.C.E. Ward
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
2022 has been a period of change for the charity, with plenty to celebrate and work towards. The board have been working hard on a new Strategic Plan to set the direction for the organisation over the next 3 years. Looking to find new ways to connect with Bath, improve internal practices and get the station ready for DAB. In the spring we held a presenter meeting to discuss these plans and rebranded to Bath Sound with a new logo and jingle package giving us a better sounding name and to also help prevent confusion with other stations.
This year saw many new presenters join the station: notably Local musician Drew Hall as well as John Leyden, who has years of experience in radio broadcasting. Drew has had local musicians perform in the studio each week, and even hosted some open mic nights for volunteers.
Page 2
Bath Hospital Radio Trustees Annual Report
Some of our technology is being reviewed, bringing us new options and potential going forward. One such feature that has come out of this is the ability to listen back to shows on Mixcloud. Giving those at home or in hospital the ability to listen on demand. A new finance system has also been implemented to help the organisation better track its finances, as well as making the compilation of accounts easier.
Elsewhere the sports team received a silver Hospital Broadcasting Association award for ‘Best Speech Package’. The commentary at the Rec has been supported, meaning that we covered almost every home game in the season. Tom has been a new addition, coming in as a Partnership Officer to focus on developing the relationship between ourselves and Bath Rugby.
We continue to re-establish links with the Hospital and are exploring ways that we can work better together. John Leydon has been appointed as Partnership Officer and will be working on this. We hope to be broadcasting in the RUH shop and RUH cafe very soon. The RUH chaplaincy continue to record a Sunday Service for us each week and they have just started recording a thought of the week for us also.
We continue to build a strong relationship with Shout Out Radio - a Bristol base LGBTQ+ radio station. They invited us to be involved with covering Bristol Pride 2023 and once again we aired full coverage for 12 hours live on our station from Bristol Downs. In February Ollie Lewis won “Best Radio Show” at the Shout Out Awards held in Bristol.
FINANCIAL REVIEW
We are committed to maintaining transparency and integrity in our financial reporting. In 2022, we remained in a stable financial position, free from debts or other liabilities that could threaten our operations. Joining with BA1 Radio significantly contributed to our financial health, providing a £6000 boost to our resources.
The integration of a sophisticated financial system represents a leap forward in our financial stewardship, promising enhanced oversight for trustees and adherence to best practices in financial management.
The trustees had agreed a reserves policy of having six months' fixed expenditure held in reserve.
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 2023, the unrestricted reserves were £12,157 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
S.D. Maggs Trustee 23 October 2023
Page 4
Statement of Financial Activities
Bath Hospital Radio
for the year ended 31 January 2023
| for the year ended 31January 2023 | |||||
|---|---|---|---|---|---|
| Notes Income and endowments from: Donationsandlegacies 3 Charitableactivities 4 Other tradingactivities 5 Investments 6 Total Expenditure on: Charitableactivities 7 Other 8 Total Netgainsoninvestments Net expenditure 9 Transfersbetweenfunds Net expenditure before other gains/(losses) Othergainsandlosses Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
Unrestricted funds |
Restricted funds |
Totalfunds | Totalfunds | |
| 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| 8,202 | - | 8,202 | 4,325 | ||
| 1,120 | - | 1,120 | 1,157 | ||
| 1,444 | - | 1,444 | 1,919 | ||
| 8 | - | 8 | 1 | ||
| 10,774 | - | 10,774 | 7,402 | ||
| 6,065 | - | 6,065 | 4,788 | ||
| 43 | 4,682 | 4,725 | 5,067 | ||
| 6,108 | 4,682 | 10,790 | 9,855 | ||
| - | - | - | - | ||
| 4,666 | (4,682) | (16) | (2,453) | ||
| - | - | - | - | ||
| 4,666 | (4,682) | (16) | (2,453) | ||
| 4,666 | (4,682) | (16) | (2,453) | ||
| 7,491 | 25,258 | 32,749 | 35,202 | ||
| 12,157 | 20,576 | 32,733 | 32,749 | ||
Page 5
Bath Hospital Radio Balance Sheet
at 31 January 2023
| at 31January 2023 | ||
|---|---|---|
| Charity No.1168453 Fixed assets Tangibleassets 11 Current assets Debtors 12 Cashat bankandin hand Creditors: Amountfallingdue within one year 13 Netcurrent assets Totalassets lesscurrentliabilities Net assetsexcludingpension asset orliability Totalnet assets Thefundsofthecharity Restrictedfunds 14 Restrictedincomefunds Unrestrictedfunds 14 Generalfunds Reserves 14 Totalfunds |
2023 £ 15,543 15,543 1,770 15,924 17,694 (504) 17,190 32,733 32,733 32,733 20,576 20,576 12,157 12,157 32,733 |
2022 £ 20,268 |
| 20,268 830 12,130 |
||
| 12,960 (479) |
||
| 12,481 32,749 |
||
| 32,749 | ||
| 32,749 | ||
| 25,258 | ||
| 25,258 7,491 |
||
| 7,491 | ||
| 32,749 |
Approved by the trustees on 23 October 2023
And signed on their behalf by:
S.D. Maggs
Trustee
23 October 2023
Page 6
Bath Hospital Radio Statement of Cash flows
for the year ended 31 January 2023
| Cashflowsfrom operatingactivities Net expenditure perStatement ofFinancialActivities Adjustmentsfor: Depreciation ofproperty,plantand equipment Dividends,interestand rentsfrominvestments Othergains/losses Increasein tradeand other receivables Increasein tradeand other payables Netcash provided by operatingactivities Cashflowsfrominvestingactivities Dividends,interestand rentsfrominvestments Netcashfrominvestingactivities Netcashfromfinancingactivities Netincreaseincash andcash equivalents Cash andcash equivalentsat the beginningofthe year Cash andcash equivalentsat the end ofthe year |
2023 £ (16) 4,725 (8) - (940) 25 3,786 8 8 - 3,794 12,130 15,924 |
2022 £ (2,453) 5,067 (1) - - 480 |
|---|---|---|
| 3,093 1 |
||
| 1 | ||
| - | ||
| 3,094 | ||
| 9,037 | ||
| 12,131 | ||
| Componentsofcash andcash equivalents | ||
| Cashand bankbalances | 15,924 | 12,130 |
| 15,924 | 12,130 |
Page 7
Bath Hospital Radio Notes to the Accounts
-
for the year ended 31 January 2023
-
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.
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 the legacies 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 8
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, fundraising raising funds 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 9
Bath Hospital Radio Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement ofFinancialActivities-prior year |
|||
|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Charitableactivities Other tradingactivities Investments Total Expenditure on: Charitableactivities Other Total Netincome Netincome before other gains/(losses) Othergainsandlosses: Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward 3 Incomefrom donationsandlegacies Donations Major donationsandlegacies Asset transferfromBA1 RadioCIC 4 Incomefromcharitable activities Membershipfees |
Unrestricted funds 2022 £ 4,325 1,157 1,919 1 7,402 4,788 143 4,931 2,471 2,471 2,471 5,019 7,490 Unrestricted £ 414 1,788 6,000 8,202 Unrestricted £ 1,120 1,120 |
Restricted funds 2022 £ - - - - - - 4,924 4,924 (4,924) (4,924) (4,924) 30,183 25,259 Total 2023 £ 414 1,788 6,000 8,202 Total 2023 £ 1,120 1,120 |
Totalfunds 2022 £ 4,325 1,157 1,919 1 |
| 7,402 4,788 5,067 |
|||
| 9,855 | |||
| (2,453) | |||
| (2,453) | |||
| (2,453) 35,202 |
|||
| 32,749 | |||
| Total 2022 £ 610 3,715 - |
|||
| 4,325 | |||
| Total 2022 £ 1,157 |
|||
| 1,157 |
Page 10
Bath Hospital Radio Notes to the Accounts
5 Income from other trading activities
| 5 Incomefrom other tradingactivities |
|||
|---|---|---|---|
| Fundraisingevents 6 Incomefrominvestments Bankinterest receivable 7 Expenditure oncharitable activities Expenditureoncharitable activities Broadcastingactivities Governancecosts Accountancyfees 8 Other expenditure Unrestricted £ Depreciation of fixedassets 43 43 9 Net expenditure before transfers Thisis statedaftercharging: Depreciation ofownedfixedassets 10 Staffcosts No employee received emolumentsin excessof£60,000. |
Unrestricted £ 1,444 1,444 Unrestricted £ 8 8 Unrestricted £ 5,561 504 6,065 Restricted £ 4,682 4,682 2023 £ 4,725 |
Total 2023 £ 1,444 1,444 Total 2023 £ 8 8 Total 2023 £ 5,561 504 6,065 Total 2023 £ 4,725 4,725 |
Total 2022 £ 1,919 |
| 1,919 | |||
| Total 2022 £ 1 |
|||
| 1 | |||
| Total 2022 £ 4,308 480 |
|||
| 4,788 | |||
| Total 2022 £ 5,067 |
|||
| 5,067 | |||
| 2022 £ 5,067 |
Page 11
Bath Hospital Radio Notes to the Accounts
11 Tangible fixed assets
| 11 Tangiblefixed assets | |||
|---|---|---|---|
| Cost or revaluation At 1February 2022 At 31January 2023 Depreciation and impairment At 1February 2022 Depreciationchargefor the year At 31January 2023 Net bookvalues At 31January 2023 At 31January 2022 12 Debtors Trade debtors Other debtors 13 Creditors: amountsfallingdue within one year Accruals |
2023 £ 940 830 1,770 2023 £ |
Equipment £ 78,753 78,753 58,485 4,725 63,210 15,543 20,268 |
Total £ 78,753 |
| 78,753 | |||
| 58,485 4,725 |
|||
| 63,210 | |||
| 15,543 | |||
| 20,268 | |||
| 2022 £ - 830 |
|||
| 830 | |||
| 2022 £ |
|||
| 504 | 479 | ||
| 504 | 479 |
Page 12
Bath Hospital Radio Notes to the Accounts
14 Movement in funds
| Movementinfunds | ||||
|---|---|---|---|---|
| Restrictedfunds: Restrictedincomefunds: FriendsoftheRoyalUnited Hospital FriendsoftheRNHRD NationalLotteryFunding NationalLotteryFunding2 NewStudios2019Fund Total Unrestrictedfunds: Generalfunds Totalfunds Purposesand restrictionsin relation to the |
At 1 February 2022 494 52 286 2,012 22,414 25,258 7,491 32,749 funds: |
Incoming resources (including other gains/losses) £ - - - - - - 10,774 10,774 |
Resources expended £ (118) (12) (68) (478) (4,005) (4,682) (6,108) (10,790) |
At 31 January 2023 £ 376 40 218 1,534 18,409 |
| 20,576 | ||||
| 12,157 | ||||
| 32,733 | ||||
| Restrictedfunds: | ||||
| FriendsoftheRoyalUnited Hospital |
||||
| FriendsoftheRNHRD | ||||
| NationalLotteryFunding | ||||
| NationalLotteryFunding2 | ||||
| NewStudios2019Fund | ||||
15 Analysis of net assets between funds
| FriendsoftheRNHRD NationalLotteryFunding NationalLotteryFunding2 NewStudios2019Fund Analysisofnet assetsbetweenfunds |
|||
|---|---|---|---|
| Fixedassets Netcurrentassets |
Unrestricted funds £ 530 11,627 12,157 |
Restricted funds £ 15,013 5,563 20,576 |
Total £ 15,543 17,190 |
| 32,733 |
Page 13
Bath Hospital Radio Notes to the Accounts
16 Reconciliation of net debt
| Reconciliation ofnet debt | |||
|---|---|---|---|
| Cashandcash equivalents Net debt |
At 1February 2022 £ |
Cashflows £ |
At 31 January 2023 £ |
| 12,130 | 3,794 | 15,924 | |
| 12,130 12,130 |
3,794 3,794 |
15,924 | |
| 15,924 |
Page 14
Bath Hospital Radio Detailed Statement of Financial Activities
for the year ended 31 January 2023
| for the year ended 31January 2023 | ||||
|---|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Donations Major donationsandlegacies Asset transferfromBA1RadioCIC Charitableactivities Membershipfees Other tradingactivities Fundraisingevents Investments Bankinterest receivable Total income and endowments Expenditure on: Charitableactivities Broadcastingactivities Governancecosts Accountancyfees Totalofexpenditure oncharitable activities Generaladministrativecosts Depreciation ofEquipment Totalofexpenditure ofothercosts Totalexpenditure Netgainsoninvestments Net expenditure Net expenditure before other gains/(losses) Other Gains |
Unrestricted funds 2023 £ 414 1,788 6,000 8,202 1,120 1,120 1,444 1,444 8 8 10,774 5,561 5,561 504 504 6,065 43 43 43 6,108 - 4,666 4,666 - |
Restricted funds 2023 £ - - - - - - - - - - - - - - - - 4,682 4,682 4,682 4,682 - (4,682) (4,682) - |
Totalfunds 2023 £ 414 1,788 6,000 8,202 1,120 1,120 1,444 1,444 8 8 10,774 5,561 5,561 504 504 6,065 4,725 4,725 4,725 10,790 - (16) (16) - |
Totalfunds 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) - |
Page 15
Bath Hospital Radio
Detailed Statement of Financial Activities
| Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
4,666 7,491 12,157 |
(4,682) 25,258 20,576 |
(16) 32,749 32,733 |
(2,453) |
|---|---|---|---|---|
| 35,202 | ||||
| 32,749 |
Page 16