RADIO MARIA ENGLAND
NANCIAL STATEMP.Yrs FOR THE YEAR ENDED 30TH JUNE 2024
coKrENTS AND CHARITY INFORMATION
CONTENTS:
PAGE:
Reference arAd Ad￿]nistrative Details of the Charity, its TnLSte¢s and Advisers
Trustees, R¢port
tndependent Examinels Report
Statement of Financial A¢tivkli¢s
io
Balance Sheet
Sthtement of Cash Flows
12
Notes io tbe Financial St&iements

RADIO MARIA ENGLAND
PAGE I
FNANCIAL STATEMENTS FOR THE YEAR EYDED 30TH JtfNE 2024
REFERENCE AND ADMINISJ]IATIVE DETAILS OF THE CHARITY. rrs TRUSTEES AND ADVISERS
TRUSTEES:
A D Oyenirdn
Rev S Park
PAJThomas
Dr K N SitigAra)tr
N D Parker
I Paolucci (Chair)
CHALUTY REGISTERED NUMBE]L.
IISJ783
PRINCIPAL OFFtCE..
Suites I S
1st Floor, Lin¢oin Hous¢
The Paddith
Cambridge
CBI 8DH
INDEPENDENf EXANIINE￿.
Ian W Shipley FCCA
For alld on behalf OP.
Prenti5 & G) l.l.P
Chartered Aeeount￿1ts & independent Examiners
I Ifc Milton Road
Cprnbridge
CB4 IXE
CAF Bank Lxd
Kitigs Hill
West Malling
ME19 4TA

RADIQ MARIA
ENGLAND
RADIO MARIA ENGLAND
PAGE 2
FtNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
TRUSTEES. REPORT
The Trnsiees present their annual report together with the financial statements of Radio Maria England {the charitable
snCotpora￿d organi8ation {'the CIO'I) for the year 1st luly 2023 to 30th June 2024. The Trustees confimi that the
report and financial slatemenL% of the CIO comply with the Current statutory requireFnenls, the iequiremenis of the
CIO'S governing document and the provisions of the Siatemeni of Recommended Practice ISORPI, applicable
charitieb preparing their accoullis in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 Isecond edition of the Charities SORP (FRS 1021 October 2019. effective 1st janL￿ry
20191.
OWECTIVES AND ACTIVITIES
Radio Maria England Annual Report 2023-2024
Radio Maria EKglund is vegist8red ivith the Charity, Cominissinn for England and Wules as a Chariiable
Incf)vpnvated Orgafr7i5afion, wilh Regisiered C'kurity Number 1183763.
The aim ol'Radio Maria England is to advance the Catholic Faith in England, and promote th¢ evangelical message
of Joy and Hope, according to the leaching of the magisterium of the Catholic Church, within a rich Marian
spirituality. The founding purpose and aims of Radio Maria England are therefore social apd philanthropic.
The following is an extract froTn a letter we received from a listener in the last year..
M)'fuiih in Chyisiidnity has heightgngd. ThankyoufJr Sirengihell￿g our FL7i¢h in God. o m051 wonderfi¢l 5erviLe.
which we enjoy very muchfrvm Corrtwall
And another from a recently released prisoner..
As we werg coming oiil of covid lockdown bul 51111 highly vestricted IF7 t¥rm5 uf lime oui i?f (jiir ¢¢11, somgopje
￿e￿tIon*d I could in fu yuur sr(tiii)4. li was ihen still 15 I71JW. ffty c()Inpu￿{￿￿ ihroiigh difficuli lime5
pri50n... Ihe.si*ticiiire nfpviryer hL7S held me in good5teud. I 10 pray the office with ihg DominicunJ dully.
Thank you. J don'l thik7kTrou rvuli5e ihe impaciyou are haV{￿s onprisoner5 (Jn a daily basis.
The fifth year of Radio Maria England {July 2023- June 2024} has seen a period of restruciuring in the light of the
ending of the lease gf the present Cambridge Sludio in January 2025 and the recentring of ihe aciivities on the
London studio.
The World Family has made clear its continuing financial Commitment to Radio Maria England but believes thai
Radio Maria Enuland's core operations should be based in the nation's capital, (like oiher Radio Maria stations
around the world), particularly given the size of l.ondon's populatiun.
The Tru5tee5 have reviewed the objectives and activities of the CIO and consider they are in accordance with the
Charity Commission guidelines on public benefit.
Financi81
'ear 2023-2024
Followin¥ a slow start to Ihe year, Ihere was a solid growth in donations in the third and fourth quart¢r of the year.
-rhe balance at the end of the year M'as ov¢r £145.000:the ioial income for the year wa5 £670,1?9.
Overall operational costs remained under budget but additional costs are anticipated for the end of 2024 for the
new Cambridoe studio.
The strong perfortnance wa5 due to major privaie donaiions. grants and the 200 Siars campaign launched in October
2023.
Website.. htt
radiomariaen
land.uk
Radio Maria England, Lincoln House, The Paddocks Busine55 Centre
Cherry Hinton Road, CAMBRIOGE, CBI 80H

RADI(J MARIA
ENGLAND
RADIO MARIA ENGLAND
PAGE 3
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
TRUSTEES, REPORT
The 200 stars campaign was successful in Creating a solid group of gen¢rous investors. but we require an expansion
of our regular small donor base in the coming years.
Over the last year it is to be noted that the number of donors has nearly doubled (404 compared with 214). the total
number of contributions ha5 almost tripled and the frequency of donation5 has increased.
The target over the coming year is to try and generate a regular income of £15,000 a monih.
Staffkn
Chan
During 2024, our London siudio has gradually become our principal studio. with the editorial staff based there from
April onwards. A5 part of the restructuring process interviews for the editorial and promotion and fundraising
position5 look place in January 2024.
This has resulted in a reduction in the number of siaff from 8 in July 2023 to 6 in June 2024.
Priest Director.. Fr Toby Lees, OP, was appointed to start in July 2022 on a 3-year contract. continues as Priest
Director,. his contract expire5 June 2025.
erations Coordinator.. Mr Pierre Petrou, was appoinied at th¢ end of January 2023 and continues in this position.
Editorial Slaty..
Ms Elizabeih O'malley was appointed as Ediiorial and Programming Manager in January 2024.
Mr Tim Hutchinson was appointed as an Editorial Content Assistant in January 2024.
Fundraisin
Protnotion & Event5 Staff..
Mrs Helena Judd was appointed as Fundraisin
Promotion & Events Mana
Anna Flei5cher was appointed as Fundraising Assistant.
e5
er in January 2024.
The World Family of Radio Maria has supported u5 Wlth the training of staff with regular online meetings.
ital atkd internet Covera
Our present digital transmission continues via DAB* in London. The present contract with SwiichDigital will be
due for renewal in October 2025.
We have continued digital coverage of Cambridge, Bristol and Souih BinninghaFn areas io which was added the
Stockport and Souih Manchesier commencin¥ on l May 2024.
Promotion throughout the areas covered is continuing to increase the number of listener5 over the next year.
Year hi
hts
Ivorldwlrfe RrfJ.fory rh Otiober 2023
On the fea%t of Our Lady ol-the Rosary, Radio Maria Enuland organised a pilgrimage walk from Tyburn Convent.
Ihrough Regeni's Park to Ihe Rosary Shrine. Over 100 look part, prayin¥ the rosary on the way for world peace.
This wa5 followed by a WOTldwide rosary, broadcast to all the Radio Maria5 of the world, prayed in the beautiful
Rosary Shrine, acconipanied by sacred music from ihe tal¢nted Rosary Shrine singers.
Webslte.. hltps..
radiomariaen
land.uk
Radio Maria England, Lincoln House, The Paddocks Business Centre
Cherry Hinton Road, CAMBRIDGE, CBI 8DH

RADI(J MARIA
ENGLAND
RADIO MARIA ENGLAND
PAGE 4
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
TRUSTEES, REPORT
't*
The Chosen London
retniere- Januar 2024
Fr Toby Lees attended the London premiere of ihe Chosen and interviewed several of it5 principal actors for Radio
Maria Enuland. Subsequently several film evenings have been held ai Si Dominic's that have proven very popular.
Radio M8ria En
land Coneerts
Two concerts were organised at the Brompton Oratory by Christian Jenkins and Rachael Shipard in lat¢ 2023 2nd
early 2024; these proved very popular and were successful fundraising iniiiatives. Tliese concert event5 are
particularly attractive to a yountser audience and help build up not only ihe cominllnity of Radio Maria England
bui its volunteer base.
Other events hawt Encluded quiz nighrs and invited famous speakers such as Marino Resirepo and Fr Jim Blount.
Webslte.. htt
radiomariaen
land.uk
Rèdio Maria England, Lincoln House. The Paddocks Business Centre
Cherry Hinton Road. CAMBfllOGE, CBI 8DH

RADIQ MARIA
ENGLAND
RADIO MARIA ENGLAND
PAGE 5
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
TRUSTEES, REPORT
4nderings
Chrltrlldn l¢Jiikiiis
R(ILliavl Sliipdrd
A iiethr aThJ ￿￿0 Recital
Wa
of the Cr05s in Care Homes- Lent 2024
For 6 consecutive Fridays during Lent, volunteers and a priest or deacon visited care homes in the Cambridge and
London areas and broadcast ihe Stations of the Cross. Residents were able io follow and accoinpany Jesus in His
Passion of the Cross. Many listeners commented that they found the voices of the residents very moving.
This was combined with a catnpaign to donate DAB radios to the residents.
Mariathon for Radio Mari8 India Andnra P8dresh
In May 24, a -Mariathon' raisinu fund5 for Radio Maria India Andnra Pradesh was undertaken and we raised over
£7,500. Fr Toby wrote 'lt was such a blessed time in the life of our radio sration, and it was a beautiful experience
to see so many people come together io raise money for our radio family in India. The concert on the final night
with 99.one was a particular highlight.
Web51te'. htt
radiomariaen
land.uk
Radio Maria England, LiNcoln House, The Paddocks Bu5ine55 Centre
Cherry Hinton Road, CAMBRIDGE, CBI 8DH

RADIQ MARIA
ENGLAND
A i-1iristl4111 Kiiiii. E5i' I'Liur 4iLII'
RADIO MARIA ENGLAND
PAGE 6
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
TRUSTEES, REPORT
200 Stars of
Kadio Maria
I'he 200 stars campaign has been the main fundraising activity over the year and has been marked with special
evening ev¢nts on the 25ih March and 24tli June with a sung Mass and evening re¢¢ption. These were well attended
with over l 00 people and generaied significant interest,
The concept of '200 stars, was initially inspired by a Radio Maria volunteer and friend Karen O'callaghan, who
met with our Presideni, Dr Charles Wilson, earlier in 2023. Charles expressed hi5 financial concerns for Radio
Maria to Karen, who recalled a fundraising initiative in Medjugorje that had sprung up from a pilgrim's heart.
Karen became Radio Maria's first 'Star and iold Charles thai he only Deeded to find 199 more donorsl
To become a s￿r one can either make a one-time donation of £IOOO to Radio Maria England or make a regular
donation of £100 a month for at least one year.
Webslte.. htt
radiomariaer)
land uk
Radio Maria England, Lincoln House, The Paddocks Business Centre
Cherry Hinton Road, CAMBRIDGE, C818DH

RADIQ NARtA
ENCLAND
RADIO MARIA ENGLAND
PAGE 7
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
TRusfEES' REPORT
Financial im
Income..
The donated income over the last year has been just over £268,500 with a succe55ful Mariaihon campaign for Radio
Maria India. This is a marked improvement of the last financial year but there needs io be maintenance of the
inc￿8$¢ in regulai donaiions over the coming year.
act
RME continues to be susiained by a grant from the World Family of Radio Maria, but we aim to at least double our
income in the coming 24 months and to become self-sufficient in the next 3 to 4 years.
Out
oin
The major outgoings are still divided into 3 areas.. staffing. digilal irdnsmission and premises.
The restructuring of our staff to the London smdio has resulted in a fall in overall staff lluMbe￿.
The developtnent in small scale DAB transmission was tnode5t this year.
The Cambridge studio Service charges have also significantly increased but the lease to the Cambridge studio
expires in January 2025 and will not be renewed. A new location is being soughi bui wilh reduced costs envisaged.
The trustees seek to coniinue with our in-house accouniing. This has been successfully overseen by the Treasurer.
Mr PeteT Thomas, from July 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Con5titulion
Radio Maria England is a tharitable incorporated organisation formed on 7 June 2019 and is governed in England
and Wales by a constitution of the same date.
Tru5ttes
The management of the CIO is the responsibility of the Trustees who ar¢ ¢le¢ted and co-opted under the ternis of
the CIO Foundation document.
The Trusiees are appointed in order to bring expenise and specific skills to the CIO. The Trustees during the period
were..
A D Oyeniran
Dr C B J H Wilson (resigned 14 October 2024)
P O Geach {resigned 16 September 2024}
S R Taylor (resigned 14 June 2024)
Rev S Park
P A J Thomas
Dr K N Singarayer
N D Parker
L Paolucci (appointed 21 February 2024}
Governan¢¢
The board of trustees incTeased 10 9 with the appointment of Mr Inti Paolucci on 21 February ?024 but fell back to
8 with the resignation of Ms Sarah Taylor on ihe 141612024.
Website.. htt
iadiomariaen
land.uk
Radio Maria England, Lincoln House, The Paddocks Business Centre
Cherry Hinton Road. CAMBRIDGE, CBI 80H

LNCI 4140
Il Lliri4ljclll VviiL 11), 7(iiir 5iLII'.
PAGE 8
RADIO MARIA ENGLAND
FtNANCIAL ST.4TEMEhTS FOR THE YEAR ENDED 30TH JUNE 2024
TRUSTEES, REPORT
Trn￿tee meeting5 were beld the 18.17,,?023. 5,'9Q02J, 13110r23. 1311 IQ3. 6112r23, 101 In4, 21￿?4, 1714ll4,
1916n4. All meettngs were quorate (minimum of i}, the att￿dance record of trusttts is incticated tn brack¢ts the
list below.
All trustees have been mlde awar¢ of the Charity CoMmi&￿10n newsl¢tt¢r and the Charities Act 2022.
The preieni board consists of the fLillowing 8 ttustees (given here with rheir sphere of actiyity)..
Dr Charlea Wilson- Chair and Prebidene of Radio Mari& England (919)
Mr Domiryie Oyeniran-IT lead (519)
Ms Sarah Taylor- Secretary (818) resigned 14V6124
Mr Peter Geach- Legal affairs (4.f9)
Fr Stefan Park- Religious affairs1&19)
Mr P¢terThomas - Treasurer (919)
Dr Karen Singarnver- Promotioll London area (7<9)
Mr Nigel Parker- Public relations London &rea (819)
Mr Inti Paolueci - FLmdrnising from 21,W24 (3i31
Board meetings will be held eighr-weekly in 24-25.
STATEMENT OF TiiUSTEES' EiESPONSIBILITIES
The Trusreea are Yspon5ible for preparino the Truste¢5 Report and the financial statements in accordan¢¢ with
applicable Law ar.d United Kirngdotn A￿OUntIng Stsndards IUThÉted Kingdotn GetLerdlly Accepted Accounting
Pra¢ti¢el.
The law appliGabl<• to charities ID England and Wales requires the Trustee5 to p￿pare financial statements for each
f￿all¢la1 year ￿"hICh give a true and fair view of the stsie of affairs olthe CIO and of its ￿COMIn5 resources ttlld
application of resources, including its income 8nd exr￿ditsjre, for that peri(Kl. In preparing the5¢ [￿ancial
stttejnents, the rtijstees are requtredto:
select $uitabl¢ ac£ounting policies and then apply them consistently,.
observe the methods and principles of the Chariiies SORP (FRS 10? .
make judgements and accountin8 e5tillLate5 thai arE r￿0t￿ble a￿d pntdentr
state wh.ther applicable LK Ac¢otJnting Stsnd&ds IFRS 102) have been followel subject to any
aterial departLtres disc195ed and explained in the firwicial statefftents,.
prepare tb.e financial stat-ments OTh the going concern basis unless it is inappropriate to preswlle that the
Charity will continue in busitkes5.
The Trustees are respoThsiTrle for keeping adequate aceouoting".ecords that are Sufficient to show and ekpLain the
Charity's tTansactions and digclose with re￿Onable accuracy at any time the fillancial position ofthe Charity and
enable them io ensure that the fttwicial Statements comply with the Charities Act 2011, the Charity (AccouThts and
Eieports) Regulations 2008 &nd the provisions of the Tll￿t Deed. They are a150 responsible for safeouarding Ihe
assets of th.e Chayi ty and hence for taking rtrdsonable steps for the prevention and det¢¢lion of fraud and other
tttegutarities.
Approved by Order of the m¢mber5 of the Board of Th]stees aDd signed on their behalf by..
P A J Thomas
Date..
I Paolll¢¢i
Date..
Webslte.. https..
land.uk
radiomariaenL.
Radio Maria England, Uncoln Hovse. The Paddock5 Busine55 Centre
Cherry Hinton Road, Q4MBRIDGE. C818DH
Ch4rily Piui))ber 1182783.

RADIO MARIA ENGLAND
PAGE 9
FINANCIAL STATEMEKrs roR THE YEARENDED 30TH JUNE 2024
INDEPENDENf EXAMINER'S REPORT TO THE TRUSTEES OF RADIO MARIA ENGLAND
I report on the financial statements of the Charity for th¢ y¢ar ¢oded 311th June 2024.
RESPONSIBILrriES AND BASIS OF REPORT
A$ the Tr￿Stee8 of the Charity you are r¢sFMTrnsible for the pttparntion of the accounts in accordance with the rEquire]n¢nts of
tbe Charities Art 2011 I'tlke Act?.
l Teport in respc£t of my examination of the Charity's accounts Carried out und¢T 5.145 of tbe 2011 Aci and ID carrying out
y examination I have followed all th¢ applicable Directions given by the Charity Con]mission under s. 145(5)(b) of the
2011 ACL
INDEPEIYDENT KXAMJf4ER'S STATETh￿ P4
Since the Charitgs gross incotne exceeded £250,000 your cxaminer must be a member of a body listed in section 145 tsf th¢
2011 Act. I confjrni that l am qualifj¢d to undertake the examination becaLse I am a rn￿llber of the Association of
Chartered Certified Accountallts.
I have rompleted ￿Y examination. I confinn that no Tn&t¢￿S hav¢ eome to my attention An connection with the
examination giying rne cause to believe that in any ]naterial respect..
accounting r¢¢ords were not kept ill wect of the Charty a5 required by s. 130 of the Act. or
the accounts do not accord with those records.. (Trr
the accounts do not comply witb the applicable requirements CODceming thc fom and content of tbe
aC￿u￿15 s¢t out in the Chariucs (Accounts and Reports) Regu]ations 2008 other than ally reqvirement
that the accounts give a Iru¢ and fai￿ view wbich 15 not a matter considered as part of an indewE]deTrt
¢xaTnsnation.
I have no concerns and have corne acro&8 no other matters in conn￿tiOn with the examination to which attention should be
drawn ll) this report iti order to enable a proper understanding of th¢ a¢¢ounts to be reached.
This report is nwde solely to the Charitys Trustees, as a W, in ac￿rda1)￿ with Part 4 of the Charities (Accounts and
R¢port3) Regulations 2008. My work has b¢ell undertak¢n so that I might to the C]wity's Trustees th05e matters
l atll required to state to thun in an Independent Examin&s Repon and for no other purpose. To the fullest cxtent
pemitted by law, I do not accept or assume reswnsibility to anyone other thats the Charity and the c.haritys Trustees a5 11
body, for my work or foT this r¢porL
IAN W SHIPLEY FCCA
FOR ANI) ON BEHALF OF:
PRENTIS & CO LLP
CHARTERED ACCOUNTANTS &
INDEPEhDEliT EXAMINERS
I Isc Milton Road
Carnbridge
CB4 IXB

4 m ch ty-
F4V

RADIO MARIA ENGLAND
PAGE 11
riNANc￿L STATEMEKfs FOR THE YEAR ENDED 30TH JLfNE 2024
BALANCE SHEBT
Notes
2024
2023
FIXED ASSETS
Tangible fixed assets
210,660
311,644
CURRENT ASSETS
Debtors
Cash &t Bank and in hand
10
85,967
145,861
89,515
54,089
231,828
143,604
LIABILITtES
CreditDrs'. amouDts falling due
wittlin one year
li
(35,628)
(4l.653)
NET CURRENT ASSETS
196,200
101,951
TOTAL ASSETS LESS CUIUIENf LIABIL[r￿S
Provisions for liabilities
12
406,860
(10.000)
396,860
413,595
(10,000)
403,595
TOTAL A&SETS
CHARITY FUNDS:
Restricted Funds
Unrestricted Fund5
13
7,533
389.327
364,079
403,595
TOTAL FUNDS
396,860
The fillancial statements were approved and authorised for by the Trttgiees and signed OD th¢ir behalf by..
and signed OTh their behalf.
P A J Thomas
Date..
PtsTA
I Paolueci
13/11/102+
iJ/L4lkzq
The notes on pages 13 to 21 fonn p￿t of these financial statements.

RADIO MARIA ENGLAND
PAGE 12
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
S'IATEMENT OF CASH FLOWS
Notes
2024
2023
CASH FLOWS FROM OPERATING AcfiviTIES
Net cash used in operating activities
CASH FLOWS FROM INVEsTif¥G ACTIVMKS
Dividends. int¢￿Sts and rtllts from itivestmet
Purch&8e of iallgible fLxed assets
Proceeds from disposal of tangible fixed assets
r4ET CASH USED IN IThWESTING AcTIVI￿s
15
83251
{62,822)
1,538
745
(57,613)
6.983
8,521
(56,868)
CIL4NGE IN CASH AND CASH EQUIVALEf*TS IN THE YEAR
Cash alld cash equivalents at th¢ beginning of the year
CASH AND CASH EQUIVALETrITS AT THE Ehl) OF THE YEAR
91,772
54.089
{k19,690)
173,779
16
145,861
54,089
The notes on pages 13 to 21 fomh part of these financial statements

RADIO MARIA ENGLAND
PAGE 13
F￿ANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
NOTES TO THE FINANCIAL STATEMENrs
ACCOUNTING POLICIES
1.1 BASIS OF PREPARATtON OF FINANCIAL STATEMENTS
The financia] stateinents have been pr¢par¢d in a¢¢ordan¢¢ wtth th¢ Charities SORP (FRS 102)-
Accounting and Rewrting by Charities: Statement of Recommended Practice appli¢abl¢ to Gharities
prep￿Ing their accounts in a¢cordaDce with th¢ FinanciBI Reporting Standard applicable in the UK and
K¢pubtic of Treland ￿Rs 102) (elTective 1st January 20191 the Financial Reporting Standard applicable
in the UK and Repubbc of Ireland (FLS 102) and the Cbaritie5 Act 2011.
Radio Maria England meets the definition of a public E*nefit entity under FRS 102. A&sets and liabilities
re initially recog[Li￿d at historical c05t or trdnsaction value unless othenvise stated in The relevant
accounting poliev.
The f￿ancIal Stat¢ll￿Trts hav¢ been pr¢pared in sLerlin& which is the functional CU￿ncY of the cbarity.
1.2 GOING CONCERN
The TrustPC3 have rtviewed the finallGial p05iiion of the Charity aDd have reasonable expectation th&t the
Charity has adequate resources to continue in operational existence for the foreseeable ￿ture. Accordingly,
the fmanciaj sta¢emeuts contiDU¢ to be PTq)ared ou the going concern basis.
1.3 INCOME
All income is recognised once the Cbartty bas entitlementto the income, it is probable that the income will be
received ynd th¢ amount of income r¢ceivabl¢ wi ￿ me&gured reliably.
Donations are reco￿)]5¢d by th¢ Ch￿￿ty uw)n r￿¢1pt.
On receip( donated items, Se￿Ic¢S and faciLtties re¢ogwsed on th¢ basis of the value of the gift
to the Ch￿lty which is lh¢ arnoulll it M""ould bale been willing to pay to obtain setvices, items or facilities
of equivalent economic benefit on the open market,. a cO￿eSPondIng amount Ks then recognised in
expellditu￿ in th¢ p¢riod of receipt.
1.4 EXPENDITURE
Ex￿ndItUre is recognised once there is a leoal OT consln]ctiYe obligation to trnnsfer ¢¢onomi¢ benefit
to a third party, it is probable that a traELsfrr of ¢u>nomic benefits will be required in settlement and
the ￿nou￿t of tbc obligation catt be measured reliabty. Expenditure is classified by &ctivity.
All expenditure is accounted for on an accn]als b85is. All ¢xp¢ns¢s in¢luding support costs and
governance costs are allocated to the applicable expendibjre headings. Support ￿sts including
governance costs are those w5ts dir¢¢tty incurred iTh 544)port of expendiiure on the objeruves of the ChaTity.
DAB and licencillg costs are those costs iTjCuTr￿ ID allowing the broadc&5t of th6 radio Statio￿ alld
are incu￿￿ monthly in advallce. Arnoullts paid iti advattcc are ratried fonvard within pr¢pa>qnents.
Govemance costs are those incurred in connection with ad￿lt]istration of (hE Charity and coMplia￿ce with
constitutional aud s￿tOry r¢quiT¢m¢nts.
ITrecoverable VAT is ¢harg¢d agaiDstth¢ eXpendits￿ heading for which it wa5 itiourred.
1.5 tbrrEREST RECEIVABLE
Int¢re5t on filnds held ou deposit is included receivable alld the atnount can be measured rcliably
by the Charity: this xs nornmlly UEKTrn notification of the interest patd or payable by the institution with whom
the furLds are deposited.

RADIO MARIA ENGLANU)
PAGE 14
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
NOTES TO THE FINANCL4L STATEMENrs
1.6 TANGtBLE FIXED ASSEfs ANU) DEPRECIATION
Tangible r￿ed assets are carried at COSL net of depreciation and ally provision for impairnient.
Depreciation is provided at rates Ca]￿lated to writ¢ off the cost of fixed assts, less their estimated
residual value, over their ¢xpecled usefill lives on the following bwis..
Studio r¢￿rb￿shrne￿1
Fixtures and fittings
Broadcasling ¢quipment
Computer equipment
IT and telccotn equipm¢nt
- 4 years straighi line
- 3 year5 straight line
- 7 years straig￿1 line
- 3 years Strdighi lin¢
- 3 years straight line
1.7 DEBTORS
Trade and other debtors are recognised at the settlement amount after atty trade discount offered.
Prepayments are valued at the amount prepaid net of aoy trade discout)ts du¢.
1,8 CASH AT BANK AND IN HAND
Cash at bank and in hand inrludes c&%h alld shot1-term higbly liquid investments with a short maturity
of three months or le&s from the £late of acquisition or opening of the deposit or similar &c¢ount.
1.9 LIABILITtES
Liabilities ar¢ recogtiised when there 15 an obligation * the Balance Sheei date as a result of a pagt
event, it is probabl¢ that a transfer of ecottomic benefitwill be required ill settlement, and the &mount
of the settlement can be estirna￿d reliab]y. Liabilities are recogllised ai the amount that the Charity
anticipates it pay to settle the debt tTrr the amouttt it has Teceived advanced pa>rynents for the
goods or services it must provide.
Provisions are measured at the best estimate ofthe amovnts required to settle the obligation. Where the
eff¢¢t of time value of money is material, th¢ proYisioD is based on the present va]ue of those aTnounts,
discounted at the pre-tax discoulli rate that reflects the risks specific to the liability. The unwinding of
the discouni is recognised in the Stst¢menl of Financial Activities &5 a fjnance cost.
1.10 OPERATtNG LEASES
Property rentals widcr opernting leases are dwged to tbe Statement of FinaLGial Aciivities on a
straight line basis over the Ivdse m.
. I I PENSIONS
The Charity opeJ7tes a defined contributiOD pe])3ion ￿heMe and thc PEnsion charge represents the wnoullts
payable by the Charity to the fund in r¢5￿ of the year.
1.12 FUND AccouNfING
General fimds arE unrE51rictEd funds whicb are available for we at the tti5cretion of the Trustees in
fi￿erall¢t of the general objectiv¢s of the Charity aThd which have not been desigllated for other purp05es.
Designed fvnds ci)mprise uDrcstrtcted funds that have been set asid¢ by the Trustees for particular
purposes. The al￿ aud we of each designated fi￿d is setOLLt in the notes to the fmallcial statements.
R¢*ricted fi]Thds ar¢ filllds which are to be used ID accordance with S￿lfi¢ r¢strictions itnpoged by
donors or w'bich have bcen rdised by the Charity for p8rticu]ar purposes. The costs of raising and
administering such fi￿d5 are charge41 against the specific fi￿d. The aim and use of each restriGted
fllttd As set out in the note5 to the fir￿l¢la] ststeTnents.

RADIO MARIA ENGLAND
PAGE 15
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
NOTES TO THE FINANCIAL STATEMENTS
INCOME FROM DONATIO.YS
Current y￿r
Unrestri¢ted Restricted Total Funds
Funds
Funds
2024
DONATIONS
World Family of Rodio Maria. Italy
Other donations
398,618
252,979
398,618
269,202
16,223
651,597
16.223
667,820
INCON￿ FROM I)ONATIONS
Prior year
Unrestricted Restrscted Totsl Fundi
Funds
Fwids
2023
DONATIONS
World Family of Radio Mari4 Italy
Other donations
416,757
55,447
416,757
122,483
539.240
67,036
67,036
472204
INVEsT￿NT INCOhIE
Unrestricted Total Fu]￿S Unre5tri¢tEd Total Funds
Funds
2024 Futtds
2023
Bank interest
1.538
1,538
745
745
OTHER INCOME
Unrestricted Total Futtds Unrestricted Tothl Funds
Funds
2024 Funds
2023
Sale of editorial products
295
295
ANALYSIS OF ExPEN￿lTURE BY AcrivrriES
Activilies
undertsJ(e
dirKtIy
2024
Support
cogts
2024
Total Funds
2024
Radio bToadcastiThg
672,338
4,526 676,864
Attivities
ndertaken
directl>
2023
Support
Costs
2023
Total Funds
2023
675,706
11,378
687,084
In 2024 £29,552 (2023". £81.674.) of expenditUTe was met from restrictEd fi￿d8 with the balance being met
fron ut)restricted funds.

PAGE 16
FtNANCIAL STATEMEKfs FOR THE YEAR ENDED 30Th JUNE 2024
NOTES TO THE FJNANCtAL STATE￿(EYrs
ANALYSIS OF EXPLNi>rtURE BY Acrivi￿. continued
NALYSIS OF DIREC[ COSTS
Total Funds Totsl Futth
2024
2023
Staff ctssts
Project wsts
DAB aTLd lieencing costs
Office and studio expeDses
Websit¢ D]ailltellallcE and computer costs
Rent
General rat¢s
TElephone
Insurdllce
Travel attd Subsistence
Bank charges
Depreciation
Sundry expenses
Exchange rate loss
Do]rations to World Fat))ily
229,852
1,987
213,207
26,060
2,260
73.796
2,175
10,345
2,999
1.152
102
94,477
300
268,143
9,039
193,969
23,224
5,966
56,726
1,914
5,293
2,805
6,423
343
101,681
23
157
13,626
672,338
675.706
ANALYSIS OF SUPPORT COSTS
Totsl Funds Total Funds
2024
2023
Payroll proctS5iDg Gosts
Dil&pidatlOD- Interest char.oe
Accountallcy fees {governance)
943
1,304
60
10,014
3,583
4.526
11,378
INDEPENDEIYT EX￿MINER's REMUNERATION
2024
2023
Fe¢s payabl¢ to the ChaTltYs indwdent examiw in T¢spect ofr.
Independent EKao]illatiott
AccoutttanLy services and b(x)kkeeping
2,870
1,656
2,778
7,236
STAFF COSTS
2024
2023
Wages and salaries
SwiaL security Gosts
other￿￿10￿ c08LS
213,450
8,060
8,342
235.980
23,026
9,137
268,143
229.852
ThE average ftwnber of pcrsong employed by the Ch￿lty during the year was as followB'.
AverdEe llumber of employee8
2024
2023
No.
No employee received r¢munerdtion amounting to nM)re thm £60,000 in eith¢r year.

PAGE 17
FINANCIAL STATEMENfs FOR THE YEARENDED 30TH JUNE 2024
NOTES TO THE FINANCIAL STATLIqEKrs
TRUSTEES. REMUNERATION EXPENSES
The Ciwity COll8iders it8 key managernent personnel to be the Trustees.
The TrustE¢S giye ail their time and extErtise without any forn of remuneration or otber benefit in kin
Durittg the year, no expen￿ were reirnbur8¢d to tttsyTrnstee. In 2023 £551.20 w&8 reimbursed to a T￿￿tee
for trayelling exwes relating to the Science and Fai(bprojecL
TANGIBLE FIXED ASSETS
Currellt year
short.tum
le&8ehold
FixbJre8 Conuyuter Oth¢r fLxed
ptDpeny and fittings equrptllent
2024
Total
COST OR VALUATION
Ai Isi July 2023
Disposab
Ai 301b June ?024
243,130
7,816
13,154 274,127
538,227
(6,983) (6.983)
267,144
531,244
243.130
7.816
13,154
DEPRECIATION
At 1st July 2023
Charge for the year
EliTni]Jated on dis￿￿]
At 30th Jllne 2024
109.622
53,731
5.628
1293
10,699
I,290
I￿),634 226,583
38,163
94,477
{476)
(476)
138,321
320,584
163,353
6921
11,989
NEf BOOK VALUE
At 30th June 2024
79.777
895
1,165
128,823
210,660
At 30th Julle 2023
133.508
2.188
2,455
173,493
311,644
TANGIBLE FLKED ASSETS
Prior vear
Short.Éenn
leasehold
FixbJre8 Compuler Other fJx6d
property and fittings ¢qui￿ent
assets
2023
Total
COST OR VALUATtON
At Isi July 2022
Additions
234.929
8,201
6.701
1,115
11,139
2,015
13,154
227,845 480,614
57,613
At 30th lune 20•3
24J,130
7.816
274.127
538.227
DEPRECIATION
At 1st July 2012
CharEe for the year
At 30th June 2023
50,171
59.451
3,402
2,226
8,371
2,328
62,958
37,676
124,902
101,681
5,628
10.699
100,634
226,5S3
NF.T BOOK VALUE
At 30tEL June 2023
133.508
2,188
2,455
173.493
311,644
At 30th June 2022
184.758
3299
2.768
164,887
355,712
io.
DEBTORS
2024
2023
DUE AFfERMORE THAN ONE YEAR
Other debtors
25,200
44.600
25,200
44,600
DUE NNThHtN ONE YEAR
Prepayments and a¢¢rued incoll
Other debtors
41,367
19,400
44,915
85,967
89,515

RADIO MARIA ENGLAND
PAGE 18
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
NOTES TO THE FINANCLAL STATEMENTS
ii.
CREDITORS: AMOUNTS FALLING DUE WTnllN ONE YEAR
2024
2023
Trade creditors
Other tsxalion and so¢iAI security
Other creditors
Accruals and deferred ittcome
29,900
2,028
618
3,082
35,628
32,379
6,040
185
3,049
41.653
12.
PROVISIONS
Proyision for dilapidation
2024
2023
At Isi Ju]y
Additions
10,000
9,940
60
At 30th June
10,000
ID,000
13.
srATEMENT OF FUNDS
Current year
Balance at
Isi July
2023 Income Expendi￿re
Balance at
30th June
2024
Trdllsfer
irNRESTRICTED FUNDS
GENEIiAL FUNT)S
Gen6rAI Fund
364.079
653,906
653,906
(647,312)
(647,312)
18,654
389,327
TOTAL UNRESTiucfED FUNDS
364,079
18,654
389,327
RESTRICTED FUNDS
Worldwide Mariathon 2022
Dominic's Half Marathon
Science and Faath
wa15ingknd￿ Pilgritnages
Local Mariathon October 2022
Worldwide Mariathon May 2023
Give a Radio
Radio Maria Austria Iworldwide Mariathon)
Worldwide M￿lath0n May 2024
3.319
50
4,11
33
2,758
6,660
147
(3,466)
150)
(2,089) (2,021)
{33)
1,389
500
6.785
(4,147)
(10,160)
3.000
(234) (6,551}
(9,170) (13.416)
(286)
417
(29,552) (18,654)
(676.864)
22,586
7,402
7,533
39.516
16,223
670,129
7,533
396,860
TOTAL FUNDS
403.595
Worldwide MariathoTh May 22- to raise D)on¢y for the World Family of Radio Maria to support the Radio
Marias in I.atiilli Nazareth, Nig¢ria aud bTrraille
Domini¢'$ Half Marathon- to nise mone> for Radio Ilaria England
Science and Faith- to support a project celebrating th¢ work of faithful scientists, aiming to create spaces of
engagement around sciellce and theologi.
Walsinghatn Pilgrimages- to hold funds for walking pilgrimages frorn Carnbridge to Walsingham organised
jointly with the Diocese of East ADglia's Diocescan Youth Savice
cal MariatlLon October 2022- fundrdi5ing event for broad¢a5tingn¢w dev¢lopm¢nts
Worldwide Mariathon May 2023 - to rdise money for the World F8mily of Radio M￿la to support Radio Maril
Nigeria
Give a Radio- to help listeneES obtain radios and be abl¢ to ￿e1ve Radio Maria England, includtng providing
radios to those in need
Radio Maria Aknstria Iworldwide Mariathon)- mones, provided specifically for South Birmingham (Small
Scale Digital Broadcasting), for our Lojjdon Stydio and to part fund the purchdse ofradios
Worldwid¢ Mariathon May 2024- to raise molley for the new Radio Maria tn An(Ihra Pradesh. tndia
The lttvegttllent Fund was for 5ubsidi&% received from World Family of Radio Maria, Italy for the putpose
of capital ir)vestm¢nL

RADIO MARIA ENGLAND
PAGE 19
FINANCIAL STATEMwfs FOR THE YEAR ENDED 30TH JUNE 2024
NOTES TO THE FINANCIAL STATEMENTS
13.
STATE.MEI¥T OF FUNDS- ¢oDtiDued
Prior year
Balance at
Ast July
2022 Income ExpEndithre Transfer
BalancE at
30th June
2023
UNRESTRicfED FUNDS
DESIGNATED FUNDS
Investment Fund
245.061
6,150
(36,373) (214,838)
GENERAL FUNDS
G¢n¢rnl Fund
285,208
466,799
(569,037) 181,109
(605.410) (33,729) 364,079
364,079
TOTAL UNRESIIUCTED FtrNDS
530.269
472,949
RESThICTED FUNDS
Worldwide Mariathon 2022
Dominic's Half Mardthon
Science and Faith
Walsingham Pilgritnages
LoGal Mariathon October 2022
Worldwide.Mariathon Maj 2023
Give a Radio
Radio Maria Austria Iworlthyide Mariathon)
2,852
882
(415)
50
{8,733) (4,730)
1858)
(6.480)
3,319
50
4,110
33
2,758
6,660
17,573
891
9,238
6,660
2,119
47,246
(40.9431
(24,660)
(81,674)
{687.084)
38,824
22,586
20,425
67,036
33.729
39.516
TOTAL FUNDS
550.694
539,985
403.595
Worldwide Mariathon 2022- to raise money forth¢ World Farnily of RadTO Maria to Support the Radio
Maria5 in Fatima, Nayareth, Nigeria and Ukraine.
Dominic's Half Marathon- io raise money for Radio Maria England,
S¢i¢nce alld Faith- io support a piojeclcelebrating the work of faithful scientists. aiming to cieate spaces
of engagetnent around science and theology.
Wa15itkgharn Pl1￿lMa￿c5- to hold futt& for walkin" pilgrimages from Cambridge to Walsingham organised
joitiily %Yitb tbe Diocese of East Anglia's Di￿¢s￿n Youth S¢rvic¢.
Local Mariatholl October 2022 - fillldraisi￿￿ event for broadcLsting/llew developrnents.
Worldwide Mariathon May 2023 and May 2024- 10 raise money for the World family of Radio Maria to
support Radio Maria Nigeri&
Give a Radio- ￿ help listeners obtsin radios able to receive Radio Maria IZnglarAI in¢luding providing
radi05 to those in n¢¢d.
Radio Maria AustrAa (Worldwide Mariathon)- money provided specifically for South Birn]ingkn (Snwll
sC￿e Digital Broadcasting), for our London sti￿10 and to port fi]nd th¢ purchase of radios,
14.
ANALYSIS OF NET ASSETS BETWEEf4 FUF4DS
UnrestrictEd Kestrithd Total Funds
Funds
Funds
2024
Current year
TatigiblE r￿Ed assets
Debior5 due after more than onc year
Current &35ets
Creditors due within one year
Provision5 for liabilitits and charges
TOTAL
210,660
25,200
199,095
(35,628)
(10,000)
389J27
210,660
25,200
206,628
(35,628)
(10,000)
396,860
7,533
7,533

RADIO MARIA ENGLAND
PAGE 20
FfNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
NOTES TO THE FINANCIAL STATEMENTS
14.
ANALYSIS OF NET ASSETS BETWEEN FUIYDS . eontlnued
Analysis of net assets between fimds
Prior ye8r
Unrestricted Restricted Total Funds
Funds
Funds
2023
Tangible fixed assets
Debtors du¢ after rDor¢ than one y¢ar
Cuffent assets
Cr¢ditor5 due withiti one year
Provision5 for liabilities and charges
TOTAL
311,644
24,175
79,913
(41,653)
(10,000)
364,079
311,644
44,600
99,004
(41,653)
(10,000)
403,595
20,425
19,091
39,516
15.
RECONCILIATIO￿ OF NET MOVEMENT IN FUliDS TO NET CASH FLOW FROM
OPERATING Acr1vi￿S
2024
2023
Net incomel(expenditure) for the year
(as per Statement olFinaTLcial Activities)
(6,735) (147,099)
ADJUSTMENTS FOR..
Depreciation charges
Profit on disposal of fixed assets
DiTrid¢TJds, intrr¢st5 alld rents from itivestments
Decreasel(increase) in debtors
Decrease in creditors
Increase in provision
NET CASH PROVll)ED BY OPERATING ACTIvrriES
94,477
(476)
(1.538)
(745)
3,548
(9,607)
{6,025) (7,112}
60
101,681
83251
(62,822)
16.
ANALYSIS OF CASH CASH EQUIVALENTS
2024
2023
Cash in hand
145,861
54,089
TOI"AL CASH AND CASH EQUtVALEKrs
145,861
54,089
17.
ANALYSIS OF CHANGES IN NET DEBT
At 1st
July
2023 Cash Flows
At30th
2024
Cath at bank and in hand
54,089
91,772
145,861
54,089
91,772
145.861
18.
PENSION COMMITLIIEKTS
The Chaity operate) a der￿ed contributions pension scben)e. The a&sets of the scheme are held separately
frojn those of the Charity in an Inde￿ndent]Y administered fund. The pcnsion cost ¢harg¢ represcnts
contributions payable by the Charity to the fi]nd and amounted to £8,342 (?023.' £9,137). At the end of tht
)tar there w&8 no balance outstattdin(r for pension contribtstions (2022.. no balance).
19.
OPERATtNG LKASE COMMJTMENTS
At 30th June 2024 the Charity had cOn￿lI1[Let￿ to make firture minitnum lease payments under non-cancellab
opcrating leases as follow5:
2024
2023
Not later than l year
Later than l year and not la￿ than 5 years
Later than 5 years
45.56
108,411
56,676
135,561
18,411
l53,972
210,648
Le88e payments amomiting to £67.127 (2023: £56.726) have b¢¢n rewgnised as an expense in the
StateJlleDt of Ftnanciaj Activities (see also Dote 5).

PAGE21
FINANCIAL STATEMEINTS FOR THE YEAR ENDED 30TH JUNE 2024
NOTES TO THE r.￿'ANCIAL STATEMENTS
20.
RELATED PARTY TRANSACTIONS
The Charity ha5 noi entered into any reportable rel￿ed partytr8nsactions during the year, and there are
no outstanding balances to OT fro]n related parther5.