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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|
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|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|received during the year comprise gNil|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|