Register8d Charity nurnber.. 1193978 Radlo Bath CIO UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3111212023 Prepared By.. AccountLets Coveham House Downside Bridge Road Cobham Surrey l(f11 3EP Radio Bath CIO FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111212023 TRUSTEES Susanna Jon8S Davld Mason Penelope Williams Peier Wr8gg IAppoint8d 1st November 20231 Colin Bla¢kbum (Appointed 20th July 20241 REGISTERED OFFICE River Tree House Lower Bristol Road Bath BA2 9ES CHARITY NUMBER 1193978 BANKERS Triodos Bank Deaners Road Bristol BS1 SAS ACCOUNTANTS AccountLets Cov8harn Hous8 Downside Bridge Roadcobham Surrey KT11 3EP page 1 Radio Bath CIO ACCOUNTS FOR THE YEAR ENDED 3111212023 CONTENTS Page Report of Ihe Trustees Independent Exarninerfs Staiernent Stal8rnent of Financial Activit18S B81ance Sheet Not8S to the Accounts 8t010 Detailed Statement of Financial Activities pag8 2 Radio Bath CIO TRUSTEES. REPORT FOR THE YEAR ENDED 3111212023 The trustees present their report and accounts for the year ended 3111212023. PRINCIPAL ACTIVITIES The principal activity of the charity in the year under review was operating a local radio stslion and cofflmunity engagement. STRUCTURE GOVERNANCE AND MANAGEMENT Governing docum8nt Radio Bath CIO (Charity No. 119397811$ a Charitsble Incorporated organisats.on ICIOI and was established onthe 31 March 2021 with the Charity Commission for England and Wa18S. OBJECTIVES AND ACTIVITIES The Charity's objeds and regulations are ￿gulated by a conslitutitsn dated 31 March 2021. Th8 charitab18 objects for which th8 charity is 8Stablished are for the public benefit.. 1110 promote for the benefit of the inhabitants of the City of Bath and the surrounding area the provision of a cotnrnunily radio SeNIC8 8s a recreational facility for individuals who have need of such a facility by r88son of th8ir youth, ag8, infirmity or disablement. financial hardship or 50Gial and economic circutn5tances orforthe public at large in the intere51s of socizl welfa and with the object of improving the ¢ondition of life of the said inhabitsnts., 2110 adVall￿ education in particular. but not lirnited to, through the provision of lal radio broadcasts on such topics as the charity trustees deem fit and Ibl vocational edu¢ation and training in radio broadcasting and media skills. techniques and work.. 31 to protect and preserve health in particular through the provision of information to men and women on healtt) and health r8lat8d matters., and 41 to advance any other charitable purpose5 (according to the law of England and Wales) as the charity trustees see rrtfrorn time to tlme. ACHIEVEMENTSAND PERFORMANCE Our radio output ¢onlinued apace, with our Cohort of some 40+ p￿Senter$ cre8ting and broadcasting 100+ hours of original content every week. Our commitment to providing a 'Voice for Bath and Beyond, meant that for the third ￿ar running we inteNi8wed mor& than 1,000 individuals and representatives from th8 lotAI charit8ble, civic, cultur81, commercial 8nd public sectors. Our efforts to live up io our Equality, Diversity and Inclusivity IEDII objectives were rewarded with new partiCiP8nts from various communit188 that often go under-repr8sent8d in local radio and media organisations and we continu8d throughout th8 year to seek n8w ways of supporting people from 811 backgrounds find th8ir voic88 on Radio Bath. And we continued to support and air our Ukrainian-languag8 and African and Asian music shows. Onc8 again, we were Media Partners for the Bath Half, Bath Theatr8 Royal, TEDXBATH, Party in th8 Park al P8asedown St John, Bath Rotary Club's Festival of Motoring and the Chalke Valley History F8Stival, as well as (x>vering many third-party 8V8nts, such as th8 Julian House Big Sleep Out in support of the home18ss, and the 8nnual fireworks displays in both Bath and Bradford on Avon. We also expandecl our own piograrnme of cornmunity events.. in addition to our year-long progrsmrne of keynote speakers at our Radio Bath Business Br8akfsstS, W8 also successfully staged our inaugur81 Radio Bath Charity Dinner, which raised £11,000 that was shaied with three other local charities. A highlight of the year was being chosen as the Film. TV and Radio Winner at the Creative Bath Awards ceremony in May in recognition of our volunteer numbers and our engagement with the local community. We were also nominated 85 8 finalist in the Civic category of the Bath Life awards. supported by a wartn testirnonial frotn the High Sherrff of Sotnerset. FINANCIAL REVIEW Our ca5hflow r8rnained positive throughout th8 P8ri0d un(J8r r8v￿w, and again w8 finished th8 year with 8 small, but growing surplus. We therefore re￿aIn flnancially solvent, in an incoaslngly stable financial posillon and approaching our goal of havSng six months, fixed expenditure in reserve. page 3 Radio Bath CIO STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity 15 managed by a Managernent Tearn. Trustees are appointed in accordan￿ with the constitution. The Trustees have had regard of th8 Charity Comrnission's guidanc8 on public benefi't when makn'ng decisions. They 8re responsib￿ for preparing a Trustees, annual ￿port and finanaal statements in accordan￿ wrth applicable lawand United Kingdom Accounting St8ndards Iunited Kingdom Generalty Acc8Pted Accounting Practi(%l. Signed on behalf of the Charty's Trustees Truste 29th october 2024 R8dio B8th CIO REFERENCEAND ADMINISTRATIVE D￿AlLs Cdin Blackburn (trusteel The report was p￿pared in accordan￿ with tt)e special provisions within Part 15 of the CompanEs Act 2006.This report was approved by the Board of Trustee on 28UI October 2024 Trustee page 4 Radio Bath CIO INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RADIO BATH CIO I report on the accounts of the company for the year ended 3111212023. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees (who are 81so the d1￿ClorS of the company for the purposes of company lawl are responsible forthe preparation of the accounts. The trustees consider that audit 15 not required for thi5 year under section 144121 of the Ch3rities Act 2011 (the 2011 Acll and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company Lqw and is eligible for independent examination, it is my responsibility to.. examine the a￿oUnt9 under secbon 145 of the 2011 A¢t', follow the procedures laid down in the general Dire¢tions given by the Charity Commission under section 14515llbl of the 2011 Act,. and state whether particular matters have come to rny attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination w8S tarried out in accordanee with general Directions given by the Charity Commission. An examinabon includÈs a review of th8 accounting r8(x)rds kept by the charity and a cornp8rison of th8 accounts presented with those r8cords. It also includes ¢onsideration ol any unusual items or dis¢k)sures In the accounts and seeking explanations from you as trustees conc8ming 8ny such matters. Th8 procedures undert8k8n do nol provid8 all the 8vid8nc8 thal would b8 r8quired in anaudil, 8nd consequently no opinion is given as to whether tt)e attounts present a'ltue and fair view. and the report is limited tothose matters set out in the Stat8rn8llt b81ow. INDEPENDENT EXAMINERS STATEMENT In connection with rny examination, no matt8r has ￿me to my attention.. 111 which gives me re850nable cause to believe that in any material respect the requirements.. to keep ac¢ounling re¢ords in a￿OrdanCe with se¢lion 386 of the Companies Act 2006.. and to prepa￿ accounts which ac￿rd with the a¢counting re¢ords. ¢omply with the accounting requirements of se¢tion 396 of the Cotnpanies Act 2006 and with the rnethods and prinCip￿S of the Statement of Recomrnended Practice.. A(xounting and Reporting by Charities have not been rnet.. or 121 to which, in my opinion, attention should be drawn in order to ellab￿ a proper understsnding of the account5 to be reached. Date.. Arrf Vriani AccounlLets Covehatn Hous Downside Bridge Roadcobham Surrey KT11 3EP page 5 Radio Bath CIO statement of Financial Activitie5 For the year ended 3111212023 2023 2022 Unre5trict8d fund5 Total Total Income Income from generated funds Income fvom ¢haritsble activities 89.889 89.889 89.889 89.889 49.381 49.381 Total Income and endowments Expenses Costs of generating funds Expenditure on Raised funds Exp8ndilur8 on Charitable activities Total Expensès Net gains on investments Net Incom8llExpenditurel 46,715 35,597 82,312 46,715 35,597 82,312 26,905 22,105 49.010 7.577 7.577 371 Transfers between funds Gainsll105S8sI on revaluation of fixed assets Net movement in funds.. 7,577 7,577 371 N8t incomell8xponditurel for th8 year Totsl funds brought forward 876 876 505 8,453 8,453 876 Net funds carried forward This statement of financial activities includes all gains and Ios58s r8cognis8d in th8 year. Al incoffle and expenditure d8rive from continuing activities page 6 Radio Bath CIO BALANCE SHEET AT 3111212023 FIXED ASSETS 2023 2022 Tangib18 8SSets 649 649 CURRENT ASSETS Debtors (amounts falling due within on8 y88rl Cash at bank and In hand CREDITORS: Amounts falling due within one year NET CURRENT ASSETS 10,292 6.950 7560 2364 7,804 8,453 876 TOTAL ASSETS LESS CURRENT LIABILITIES 876 CAPITAL AND RESERVES Unrestricted funds General fund 8,453 876 For the year 8nding 3111212023 th8 company was entitled to 8xemption und8r section 477 of the Compani88 Act 2006 relating tosmall cornp3nies. The members have not requirtd the company lo obtain an audit in accordance with section 476 of the Companies Act 2006.The ￿1￿CtorS acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordan￿ with the provisions applicable to companie5 subject to the srnall companies regime. Approved by the board of trustees on 29th October 2024 and signed on thelr behalf by Colin Blsckbum Trustee page 7 Radio Bath CIO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3111212023 1. ACCOUNTING POLICIES la. Basis Of Accounting The accounts have been prepared under the historical cost convention. Th8 ac￿Unts have b88n pr8pared in accordanc8 with FRS102 -1A. The Fin8nci81 R8POrting Standard 8pplicable in the UK and Republic of Ireland and the Companie5 Act 2006 and the regul￿MentS of the Statement of Recommended Practi￿. Accounh"ng and Reporting by Charities. 1b. Incoming Resource5 All incorning resources are included on the StateTnent of Finanoal Activitie5 when the charity 15 legalty entitled to the incotne and the amount Can be quantified with reasonable a¢¢uracy. 1¢. Resources Expended Expendilure is accounted for on an Eccruals basis and ha5 been dassified under heading5 that aggregate all cost related to the category. Where costs cannot be diwlly attributed to particular headings they have been allocated to a¢tivilies on a basis consist8nt with the use of resources. 1d. Allocatlon And Apportlonment Of Costs All costs relate lo the single a¢livily of the ¢haritsble company an¢ a￿ ￿0(￿niSed a¢¢ordingly. le. Fund Accounting Unrestricted funds can be used in a¢¢Ordan￿ with the charitable objectives al the discretion of the trustees. R8Stricled funds can only be used for particular restricted purposes within the objects of the charity. R8Strictions arise when 5wfEd by the donor or when funds ale raised foi particular restricted purwses. DÈsignat8d funds are funds set aside by the truste8S Out of unrestsict8d general funds for the specffjic future purposes orprojects. 1f. Trade and other debtors Trade and other debtors are recognized al the settlement amount due after any trade discount offered. Prepayments a￿ valued al the amount prepaid n8t of any trad8 discounts due. lg. Cash and cash equivalents Cash and tAsh equivalents comprise c2sh at bank and on hand. demand deposits with b8nks and other short-term highly liquid investments with original maturities of three months or le55 and bank overdrafts. In the staternent of financial pK)5ition, bank overdrafts are shown within borrowings or Current liabilitEs. 1h. Trade and other creditors Short term c￿dItorS are MeaSu￿d at the transaction pri￿. Other C￿￿110r$ and provisions a￿ re¢ognized where the charity has a presenl obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due lo settle the obligation can be measu￿￿ or estimated ￿lIablY. C￿dItorS and provisions are normally re¢ognized at their s8tt18ment amount after allowing for any trade discounts due. page 8 Radio Bath CIO TANGIBLE ASSETS Office Equipment Total Cost Addition 761 761 DÈprÈ¢latlon Chsrge for year 112 112 Net Book Value at 31 De¢ 2023 2. DEBTORS 2023 2022 Atnounts falling due within one year.. Trad8 Debtors Other Taxes and Social Security 10,292 5,500 2.060 7.560 10.292 3. CREDITORS 2023 2022 Amounts tslling due within one year.. Trade C￿dItOr Accrual Other Creditor 2.300 3,300 3,838 9,438 1,100 7,948 9,048 4. UNRESTRICTED FUNDS Brought Incoming Forward Resources Outgoing R850urces Transfers Carried forward General Fund 876 876 89,889 89,889 82,312 82.312 8,453 8.453 5. TAXATION The Charity is exempt from tax on income and gains falling within section 505 of th8 Taxes Act 1998 or section 252 of the taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable object. 6. STAFF COSTS No ernpk)yee re￿iVed ernolument5 in exces5 of £60,000. pag8 9 Radio Bath CIO Incoming Re50urc8S for the year ended 3111212023 2023 2022 Incoming Resourc8S Incorning resour￿5 trom generated funds 89.889 89,889 49.381 49,381 pag8 10 Radio Bath CIO Expenses for the year ended 3111212023 Expenses 2023 2022 Costs of generating fund$ Transmission Licen 22,050 2,392 254 11,788 3,357 4,793 6,325 Broadcast licen￿5 Setting up of Studio Sales Comtnissions 11,623 10,346 50 Gala Dinner Expense5 Other direct expenditur8 Total Cost of Generatlng funds 642 46,715 26,SY15 Charitable Activities Advertssing & Marketing Subs¢riplion Business Developm8nt Entertainment 3,084 3,829 292 3,972 1,674 965 1,883 1,043 Trav81 & Sub5islenc8 Offi¢e Stationery Telephone Internet Computer & Software Accountancy Fees Business Insurance 3,520 93 421 53 802 4,791 3.535 378 4,978 1.983 378 Rep8irs and office equipmenl Cle8ning Bank Charges and Interest Consultancy & Prof88sional Fees Refreshments 1,484 346 3,361 1,345 83 103 1,643 516 304 Office Equipment Dep￿Ciall0Th Bad D8bl Sundry expenses Total Charitsble activitie5 112 7,625 1.942 35.597 82,312 1,096 68 22.105 49.010 Total Expendlture page11