2023-06-30-accounts - Radio Maria United Kingdom (UK)

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Reference and Administrative Details ofthe CIO, its Trustees and Advisers
Trustees' Report	2-9
Independent Examiner's Report	10-11
Statement ofFinancial Activities	12
Balance Sheet	13
Statement ofCash Flows	14
Notes to the Financial Statements	15-22

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	Notes	2023		2022
FIXEDASSETS
Tangible fixed assets			311,644		355,712
CURRENT ASSETS
Debtors		89,515		79,908
Cash at Bank and in hand		54,089		173,779
		143,604		253,687
LIABILITIES
Creditors: amounts falling due
within one year	10	(41,653)		(48,765)
NET CURRENT ASSETS			101,951		204,922
TOTAL ASSETSLESSCURRENT	LIABILITIES		413,595		560,634
Provisions for liabilities	11		(10,000)		(9,940)
TOTAL NET ASSETS			403,595		550,694
CHARITY FUNDS:	12
Restricted Funds			39,516		20,425
Unrestricted Funds			364,079		530,269
TOTAL FUNDS			403,595		550,694

STATEMENT OF CASH FLOWS	Notes	2023	2022
			I
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities	14	(62,822)	406,850
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interests and rents from investments		745	31
Purchase oftangible fixed assets		(57,613)	(259,524)
NET CASH USED IN INVESTING ACTIVITIES		(56,868)	(259,493)
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR		(119,690)	147,357
Cash and cash equivalents at the beginning ofthe year		173,779	26,422
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	15	54,089	173,779

INCOME FROM DONATIONS
Current year	Unrestricted	Restricted	Total Funds
	Funds	Funds	2023
DONATIONS
World Family ofRadio Maria, Italy	416,757		416,757
Other donations	55,447	67,036	122,483
In-kind donations
	472,204	67,036	539,240
INCOME FROM DONATIONS
Prior year	Unrestricted	Restricted	Total Fund.
	Funds	Funds	2022
DONATIONS
World Family ofRadio Maria, Italy	735,414		735,414
Other donations	116,384	23,157	139,541
In-kind donations	13,449		13,449
	865,247	23,157	888,404

In-kind donations	for DAB services (2022:	for DAB services (2022:	KNil), ENil for rent relief	KNil), ENil for rent relief
(2022; $9,128)and fNil for items donated to the CIO (2022: f4,321).
INVESTMENT INCOME	Unrestricted	Total FundsUnrestricted		Total Funds
	Funds	2023	Funds	2022
	6
Bank interest	745	745	31	31
ANALYSIS OF EXPENDITURE BYACTIVITIES		Activities
		undertaken	Support
		directly	costs	Total Funds
		2023	2023	2023
Radio broadcasting		675,706	11,378	687,084
		Activities
		undertaken	Support
		directly	costs	Total Funds
		2022	2022	2022
		f
Radio broadcasting		518,970	10,521	529,491

ANALYSIS OFDIRECT COSTS	ANALYSIS OFDIRECT COSTS				Total Funds	Total Funds
					2023	2022
Staffcosts					268,143	187,837
Project costs					9,039	2,427
DAB and licencing costs					193,969	182,232
Office and studio expenses					23,224	22,097
Website maintenance	and computer costs				5,966	6,796
Rent					56,726	38,265
General rates					1,914	1,843
Telephone					5,293	3,996
Insurance					2,805	1,768
Travel and subsistence					6,423	11,619
Bank charges					343	408
Depreciation					101,681	58,567
Sundry expenses					23	1,115
Exchange rate loss					157
					675,706	518,970
ANALYSIS OF SUPPORT COSTS					Total Funds	Total Funds
					2023	2022
Payroll processing costs					1,304	1,023
Dilapidation -Interest	charge				60	60
Accountancy fees (governance)					10,014	9,438
					11,378	10,521
INDEPENDENT EXAMINER'S REMUNERATION					2023	2022
Fees payable to the CIO's independent		examiner		in respect of:
Independent Examination					2,778	1,200
Accountancy services	and bookkeeping				7,236	8,238
STAFF COSTS					2023	2022
Wages and salaries					235,980	168,575
Social security costs					23,026	12,532
Other pension costs					9,137	6,730
					268,143	187,837
The average number ofpersons employed			by the	CIO during	the year was as follows:
Average number ofemployees					2023	2022
					No.	No.
					7	5

TANGIBLE FIXEDASSETS	Short-term
Current year	leasehold	Fixtures	Computer	Other fixed	2023
	property	and fittings	equipment	assets 6	Total I
COST OR VALUATION
At 1stJuly 2022	234,929	6,701	11,139	227,845	480,614
Additions	8,201	1,115	2,015	46,282	57,613
At 30th June 2023	243,130	7,816	13,154	274,127	538,227
DEPRECIATION
At 1stJuly 2022	50,171	3,402	8,371	62,958	124,902
Charge for the year	59,451	2,226	2,328	37,676	101,681
At 30th June 2023	109,622	5,628	10,699	100,634	226,583
NET BOOK VALUE
At 30th June 2023	133,508	2,188	2,455	173,493	311,644
At 30th June 2022	184,758	3,299	2,768	164,887	355,712
TANGIBLE FIXEDASSETS	Short-term
Prior year	leasehold	Fixtures	Computer	Other fixed	2022
	property	and fittings I	equipment 8	assets I	Total
COST OR VALUATION
At 1stJuly 2021	63,628	4,363	9,400	143,699	221,090
Additions	171,301	2,338	1,739	84,146	259,524
At 30th June 2022	234,929	6,701	11,139	227,845	480,614
DEPRECIATION
At 1stJuly 2021	22,359	1,674	3,698	38,605	66,336
Charge for the year	27,812	1,728	4,673	24,353	58,566
At 30th June 2022	50,171	3,402	8,371	62,958	124,902
NET BOOK VALUE
At 30th June 2022	184,758	3,299	2,768	164,887	355,712
At 30th June 2021	41,269	2,689	5,702	105,094	154,754
DEBTORS				2023	2022
				I
DUE AFTER MORE THAN ONE YEAR
Other debtors				44,600	44,600
				44,600	44,600
DUE WITHIN ONE YEAR
Prepayments and accrued income				44,915	34,826
Tax recoverable					482
				89,515	79,908

CREDITORS: AMOUNTS FALLING DUE WITHIN	CREDITORS: AMOUNTS FALLING DUE WITHIN	CREDITORS: AMOUNTS FALLING DUE WITHIN	ONE YEAR		2023	2022
Trade creditors					32,379	40,981
Other taxation and social security					6,040	3,152
Other creditors					185	799
Accruals and deferred income					3,049	3,833
					41,653	48,765
PROVISIONS
Provision for dilapidation					2023	2022
At 1stJuly					9,940	9,880
Additions					60	60
At 30th June					10,000	9,940
STATEMENT OF FUNDS						Balance at
Current year		Balance at				30th June
		1stJuly 2022	Income	Expenditure	Transfer	2023
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Investment Fund		245,061	6,150	(36,373)	(214,838)
GENERAL FUNDS
General Fund		285,208	466,799	(569,037)	181,109	364,079
TOTAL UNRESTRICTED FUNDS		530,269	472,949	(605,410)	(33,729)	364,079
RESTRICTED FUNDS
Worldwide Mariathon 2022		2,852	882		(415)	3,319
Dominic's Half Marathon					50	50
Science and Faith		17,573		(8,733)	(4,730)	4,110
Walsingham Pilgrimages			891	(858)		33
Local Mariathon October 2022			9,238	(6,480)		2,758
Worldwide Mariathon May 2023			6,660			6,660
Give a Radio			2,119	(40,943)	38,824
Radio Maria Austria (Worldwide	Mariathon)		47,246	(24,660)		22,586
		20,425	67,036	(81,674)	33,729	39,516
TOTAL FUNDS		550,694	539,985	(687,084)		403,595

STATEMENT OF FUNDS - continued				Balance at
Prior year	Balance at			30th June
	1stJuly 2021	Income	Expenditure	2022
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Investment Fund		260,310	(15,249)	245,061
GENERAL FUNDS
General Fund	191,303	604,968	(511,063)	285,208
TOTAL UNRESTRICTED FUNDS	191,303	865,278	(526,312)	530,269
RESTRICTED FUNDS
Mariathon	447	2,405		2,852
Science and Faith		20,000	(2,427)	17,573
Walsingham Pilgrimage		752	(752)
	447	23,157	(3,179)	20,425
TOTAL FUNDS	191,750	888,435	(529,491)	550,694

Walsingham Pilgrimage —was	awalk conducted over 5 days	by a number ofvolunteers,	by a number ofvolunteers,	travelling
from Cambridge to Walsingham.
ANALYSIS OF NET ASSETSBETWEEN FUNDS
Analysis ofnet assets between	funds	Unrestricted	Restricted		Total Funds
Current year		Funds		Funds	2023
Tangible fixed assets		311,644			311,644
Debtors due after more than one year		24,175		20,425	44,600
Current assets		79,913		19,091	99,004
Creditors due within one year		(41,653)			(41,653)
Provisions for liabilities and charges		(10,000)			(10,000)
TOTAL		364,079		39,516	403,595
Analysis ofnet assets between	funds	Unrestricted	Restricted		Total Funds
Prior year		Funds		Funds	2022
Tangible fixed assets		355,712			355,712
Debtors due after more than one year		24,175		20,425	44,600
Current assets		209,087			209,087
Creditors due within one year		(48,765)			(48,765)
Provisions for liabilities and charges		(9,940)			(9,940)
TOTAL		530,269		20,425	550,694

14.	RECONCILIATION OFNET MOVEMENT IN FUNDS TONET CASH FLOW FROM	RECONCILIATION OFNET MOVEMENT IN FUNDS TONET CASH FLOW FROM	RECONCILIATION OFNET MOVEMENT IN FUNDS TONET CASH FLOW FROM
	OPERATING ACTIVITIES		2023	2022
	Net income/(expenditure) for the year
	(as per Statement ofFinancial Activities)		(147,099)	358,944
	ADJUSTMENTS FOR:
	Depreciation charges		101,681	58,566
	Dividends, interests and rents from investments		(745)	(31)
	Increase in debtors		(9,607)	(9,714)
	Decrease in creditors		(7,112)	(975)
	Increase in provision		60	60
	NET CASH PROVIDED BYOPERATING ACTIVITIES		(62,822)	406,850
15.	ANALYSIS OF CASH AND CASH EQUIVALENTS		2023	2022
	Cash in hand		54,089	173,779
	TOTAL CASH AND CASH EQUIVALENTS		54,089	173,779
16.	ANALYSIS OF CHANGES IN NET DEBT	At 1st July		At 30th Jun
		2022	Cash Flows	2023
	Cash at bank and in hand	173,779	(119,690)	54,089
		173,779	(119,690)	54,089

OPERATING LEASE COMMITMENTS	OPERATING LEASE COMMITMENTS
At 30th June 2022 the CIO had commitments		to make future minimum	lease payments	under non-cancellable
operating	leases as follows:			2023	2022
Not later	than 1 year			56,676	45,561
Later than	1 year and not later than 5 years			135,561	120,000
Later than	5 years			18,411	41,333
				210,648	206,894