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