ADVENTIST RADIO LONDON CHARITY NUMBER.. 1175942 COMPANY NUMBER: 10823121 ANNUAL REPORT OF THE TRUSTEES AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
ADVENTIST RADIO LONDON CONTENTS The Trustees and Officers Annual Report of the Trustees Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to Accounts 9-14
ADVENTIST ADIo LONDON CHARtrY INFORMATION YEAR ENDED 31 December 2024 REGISTERED OFFICE - 25 Stjohns Road WatFord Hertford5hire WD17 IPZ CHARrtY NUMBER- 1175942 - COMPANY NUMBER- 10823121 OIRECtORSITRUSTEES- KirkThomas Ann Swaby Nathan Stickland - ACCOUKtANTS- Moore Kingston Smith LLP Chartered Accountants 4 Victoria Square St. Alban5 Hertfordshire ALI 3TF
ADVENTIST RADIO LONDON ANNUAL REPORTOF THETRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CONSTITUTION The Company was incorporated on 16June 2017. The governing document IS the Memorandum and Articles ofAssociation adopted on that date. The company became a registered charity on 27 November 2017. TRUSTEES AND OFFICERS The names of the Trustees who have served during the year are shown on page two of this report with the exception of Dwayne Lawson who resigned on l August 2025. STATEMENTOF RESPONSIBILITIES OFTRUSTEES The trustees Iwho are also direttors of Adventist Radio London for the PUfpose5 of company lawl are responsible for Preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law required trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. J select suitable accounting policies and then app them consistently- observe the methods and principles in the Charities SORP: make judgements and estimate5 that are reasonable and prudent: n state whether applicable UK Accounting Standard5 have been followed, subjert to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it IS inappropriate to presume that the charitable company will continue in business.
ADVENTIST RADIO LONDON ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are responsible for keeping proper accounting records that distlose with reasonable accuracy at any time the financial F)OSition of the charitable company and enable them to ensure that the financial statements comply with the Companies Art 2C(16. They are also responsible for safeguarding the asset5 of the charitable company and hence for taking reasonable steps for the prevention and dètertion of fraud and other irregularities. PUBLIC BENEFir The trustees confirm that they have complied with the duty in Charities Act 2011 to have due regard to the Charity Commission General Guidance on Public Benefit, when reviewing their aims and objertives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objertive5 they have set. PRINCIPAL OFFICE The principal office of the charity is- 25 St Johns Road, Warford. Hertfordshire WD17 IPZ. ORGANISATION The Company is under the control of the Trustee5. The radio is run on a daily basis by the Dirertor Paul Lee, and the Radio Manager Ray Patrick. OBJECTIVES AND ACTIVITIES To successfully launch an Adventist Radio station in London which will reach at least 50,000 regular listeners in 3 years with the pure truth of the gospel, and more than 120,000 listener5 in 5 years. To increase the number of Londoners who will be exposed to the gospel and, more specifically, to produce a compelling schedule of programmes for the purpose. To make a greater audience aware of the church's teachings of the Bible. To Ltse the teachings of the bible to address social challenges facÉng many people in London and thu5 represent a vital source of change, growth and development for its listeners To be a catalyst for a comprehensive mass media strateBy, which creates content for a website. and an appealing app among other social medio initiatives. This also involves hosting community seminars for our audiences, with great presenters of present truth in the bible. health and other areas of life and so strengthen their walk with God. To be the destination for people who yearn to be drawn c105er to God and experience a pure, holy sound that is distinctive and different from what they have in the world.
ADVENTIST RADIO LONDON ANNUAL REPORTOF THETRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2024 To help people already in the church to grow their faith and be a Sour where they can learn more about Christ and keep them from the growing tide of secularism and deception that has swept away so many other Christians into apathy and error. ACHIEVEMENTSAND PERFORMANCE Streamlining the programme schedule and providing new content Stabilising the existing broadcast infrastructure Introduction of additional Volunteer broadcasters and Live UKllnternational programmes PLANS FOR THE FUTURE: Establish more consistent fund-raising channels Develop and execute 5-year strategic plan to increase listenership RISK ASSESSMENT The major risks to the Company have been identified. The Trustees and management have an ongoing process to review these risks. RESERVES POLICY The charity is reliant on the SLSPPOrt of other charities related to the Seventh- Day Adventist Church. The charity has agreed necessary funding from these charities for the foreseeable future. RECRUITMENT AND APPOINTMENTOFTRUSTEES Trustees are appointed from people who either have experience of or an interest in dealing with the Charity's objective. TRUSTEE INDu10N ANDTRAINING New tnjstees are provided with documentation to enable them to appreciate the Tru5Vs objective5. organisation, method of operation and their responsibilities under the law. In addition existing trustees assist them in becoming fully conversant with their role. FINANCIAL REVIEW
ADVENTIST RADIO LONDON ANNUAL REPORTOFTHETRUSTEES FOR THEYEAR ENDED 31 DECEMBER 2024 The results for the year are set out on pages seven and eight. The trustees are satisfied with the financial progress of the charity. These financial statements have been prepared in accordance with the provisions applicable to companies 5ubjert to the small tompanies regime within Part 15 of the Companie5 Act 2006. Approved on behalf of the Board on ....... 2025 Trustee A Swaby
ADVENTIST RADIO LONDON Independent Examinerfs Report to the Trustees of Adventist Radio London I report on the accounts of Adventist Radio London foi the year ended 31 December 2024, which comprise the Statement of Financial Activities, the Balance Sheet and related notes. Responsibiliti and Basis of Report As the charity's trustees, you are responsible for the preparation of the atcounts in accordance with the requirements of the Charities Act 20111.the AcVI- I report in respect of my examination of the Trusvs accounts carried out under settion 145 of the 2011 Act and in carrying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent Examlner's statement The charit¢s 8r055 income exceeded E250.CW and l am qualified to undertake the examination bv being a qualified member of ACCA. I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination which Etve5 me cause to believe that in. any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act- or the accounts did not atcord wtth the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Roger Ogden FCCA For and on behalf of Moore Kingston Smith LLP Chartered Accountants 4 Victoria Square Hertfordshire ALI 3TF Date.. 18.09.2025
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Adventist Radio London Balance Sheet As at 31 December 2024 2024 2023 Notes Fixed Assets Tangible Fixed Assets 24.342 27,250 24,342 27,250 Current Assets Debtors Cash at bank and in hand 76,235 73,089 Total Current Assets 76,235 73,089 Creditors-. Amounts due within a year Net Current Assets io 51,421 26,111 24.814 46,978 Total Net Assets 49,156 74,228 Fund balances Unrestricted Restrirted 49,156 74,228 Total Fund5 49,156 74,228 For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2CQ6 relating to small companies. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with sertion 476. Approved and authorised for issue by the Board of Trustees on 17.09.2025 and signed on its behalf by: A Swaby Trustee The notes on pages 9 to 14 forrn part of these accounts.
Adventist Radlo London r4otes to the Financlal Statements For the year ended 31 De¢ember 2024 Accounting Policies 1.1 Basis of preparation The financial statement5 have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The company is a public benefrt entity for the purposes of FRS 102 and a re8lStered charity established as a company limited by guarantee and therefore has also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charitie5 SORPI, the Companies Act 2006 and Charities Art 2011. All expenditure is accounted for on an accruals basis and, where incurred directly to further the charitV5 charitsble objects. is Shown under charitable actNities. 1.2 Governance tosts Governance costs include the management of the charttable CoMpanS assets and organisational management ond compliance with constitutional and statutory requirements. 1.3 Tangible fixed asset5 Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the ¢ost les5 estimated residual value of each a55et over its experted useful life, as follows.. Property improvements Equipment 5% str3iqht line IO% stravdht line 1.4 Fund accounting Unrestrirted Funds are resources which can be used in accordance wrth the charitable objects at the distretion of the trustees and include Designated Funds set aside by the director5 for specific purposes. 1.5 Going concern The trustees believe that going concern basis is appropriate due to the support of associated charities. 1.6 Financial instruments Creditors.. Creditors retewable or payable wtthin one year of the reportin8 date are carried at their transaction price.
Adventist Radio London Notes to the Financial Statements For the year ended 31 December 2024 Income from donations and leRacies 2024 Unrestrirted Restrirted Total Ailventist Wodd Radio South England Conference of Seventh- day Adventists 147.611 147.611 85.960 85.960 Subtotal of base donations 233.571 233,571 Doftations 6,675 6,675 Subtotal of other donations 6.675 6,675 Total income from donations and legacies 240.246 240.246 2023 Restricted Unrestricted Totsl Adventist World Radio South England Conference of Seventh- day Adventist5 266,231 266,231 80,C(M) Subtotal of base donations 346,231 346,231 Donations 17.892 17.892 Subtotal of other donations 17,892 Total incorne from donation5 and legaaes 364.123 364.123 10
Adventist Radio London Notes to the Financial Statements For the year ended 31 December 2024 . Analysis of Resourtes by Activity 2024 Grant Funding of Arti¥lties Activities Directly Undertaken Support Costs Total Expense Radio broadcasting 233,565 27.653 261,218 233.565 27.653 261,218 2023 Grant Funding of Activitles Activitles Directlv Undertaken Support Costs Totsl Expense Radio broadcasting 338.821 20,380 359,201 338,821 20.380 359,201 b. Analysls ot non-zrant expenditure by Charitable Artivity 2024 stsft Cost$ Depreciatit)n Other Costs Total Radio broadcasting 64,658 2.908 193,652 261.218 64,658 2.908 193,652 261.218 2023 stsff C4)Sts Depreaation Other Cost5 Total Radlo broadcasting 56,084 371 302,746 359.201 56.084 371 302,746 359,201 Govemance t05tS 2024 Charlty 2023 Charlty AccoLFntin8 Costs Trustee expenses 4,ILM) 4.440 4.ILK) 4,440
Adventist Radio London Notes to the Financial Statements For the year ended 31 December 2024 Net rèsources expended Total 2024 Total 2023 This is stated after char8in8: Depreciation of tangible fixed assets.. Governance- Independent Examination costs 2,908 4,1 369 4,440 Staff Costs Total 2024 Total 2023 Staff costs were a5 follows: Wages and Salaries Social Security Costs Other pension Costs 52,784 5.913 5,960 64,657 45,173 5,341 5,570 56.084 The average number of employees during the year in the following categories we- 2024 2023 no Charitable activities No employees received remuneration exclu(ling employer pension costs amountin8 to more than £60,000 during the current or prior year. Trustees. remuneration 2024 2023 Emoluments paid to tnjstees amounted to During the year retirement benefits were accruing to no tnjstees in respect of pension schemes 12
Athientist Radio London Notes to the Financial Statemènts For the year ended 31 December 2024 Tanglble Fixed Assets Property Operational improvements Equipment Total As at 01 January 2024 Additions Disp05als As at 31 December 2024 38,383 16.514 54,897 38.383 16.514 54.897 Depreaation As at 01 January 2024 Charge for Year On Disposals As at 31 December 2024 12.794 2,559 14,853 350 27.647 2,908 15,353 15.203 30,555 Net B¢Jok Value As at 01 January 2024 As at 31 December 2024 25,589 23.030 1.661 1.311 27,250 24,342 Debtors 2024 2023 Due within one year Amounts owed by related charitie5 Total 13
Athientist Radio London Notes to the Finanaal Statements For the yÈar ended 31 December 2024 10 Creditors: Amounts lalling due within one year 2024 2023 Due to a$50ciated charities Accrued expenses 45,616 5.805 24,406 1,705 11 Related party transartions The charity is operated by the South Englan(J Conference of Seventh-day Adventists whose office is at 25 St Johns Road, Watford. WD17 IPY South England Conference Total 2024 Total 2023 Grants Received Amounts due by charity < l year 85.960 45.616 85,960 45.616 80,000 24.406 14