Registered Charity number: 1193978
## **Radio Bath CIO**
**UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2024**
**Prepared By:** AccountLets Coveham House Downside Bridge Road Cobham Surrey KT11 3EP
Radio Bath CIO
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2024**
## **TRUSTEES**
Susanna Jones (Appointed on 19[th] November 2024) Claire Gates (Appointed on 29[th] May 2025) David Hobdey (Appointed on 19[th] November 2024) Colin Blackburn (Appointed on 20[th] July 2024)
## **REGISTERED OFFICE**
River Tree House Lower Bristol Road Bath BA2 9ES
## **CHARITY NUMBER**
1193978
## **ACCOUNTANTS**
AccountLets Coveham House Downside Bridge Road Cobham Surrey KT11 3EP
page 1
Radio Bath CIO
## **ACCOUNTS FOR THE YEAR ENDED 31/12/2024**
## **CONTENTS**
||Page|
|---|---|
|Report of the Trustees|3-4|
|Independent Examiner's Statement|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8 to 10|
|Detailed Statement of Financial Activities|11|
page 2
Radio Bath CIO
## **TRUSTEES' REPORT**
## **FOR THE YEAR ENDED 31/12/2024**
The trustees present their report and accounts for the year ended 31/12/2024.
## **PRINCIPAL ACTIVITIES**
The principal activity of the charity in the year under review was operating a local radio station and community engagement.
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
## **Governing document**
Radio Bath CIO (Charity No. 1193978) is a Charitable Incorporated Organisation (CIO) and was established on the 31 March 2021 with the Charity Commission for England and Wales.
## OBJECTIVES AND ACTIVITIES
The Charity's objects and regulations are regulated by a constitution dated 31 March 2021.
The charitable objects for which the charity is established are for the public benefit:
1) to promote for the benefit of the inhabitants of the City of Bath and the surrounding area the provision of a community radio service as a recreational facility for individuals who have need of such a facility by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants;
2) to advance education in particular, but not limited to, through the provision of (a) radio broadcasts on such topics as the charity trustees deem fit and (b) vocational education and training in radio broadcasting and media skills, techniques and work;
3) to protect and preserve health in particular through the provision of information to men and women on health and health related matters; and
4) to advance any other charitable purposes (according to the law of England and Wales) as the charity trustees see fit from time to time.
## ACHIEVEMENTS AND PERFORMANCE
2024 was a year of consolidation, followed by first steps towards meeting more of our charitable mission.
While a few of our early presenters had to step back due to family and work demands, we attracted a steady stream of new volunteers, maintaining our cohort of some 40+ on-air presenters. We continued to broadcast 100+ hours of original content every week and hosted over 1,000 interviewees from the local charitable, civic, cultural, commercial and public sectors, meeting our commitment to providing a ‘Voice for Bath and Beyond’. Consequently, we were again shortlisted in both the annual Bath Life and the Creative Bath Awards.
We enjoyed increasing engagement with the wider community, too, as the year progressed. In September, our CEO was a member of a small delegation to the city of Oleksandriya in Ukraine to witness the success of Bath & North East Somerset Council’s humanitarian aid. In December, we hosted live on radio the High Sheriff of Somerset’s surprise award Celebrating Community Leadership to Julie Ingerfield of the Bloomfield Community Speed Watch (CSW) group. And the same month, The Travel Show on Radio Bath was invited to accompany sick and disadvantaged children and their families on Bristol Airport’s Search for Santa flight, from which we broadcast interviews and personal stories.
To fulfil further our charitable mission to support young people into education and work, we collaborated with local schools, colleges and universities to provide a number of work experience, internships and study projects. We also took the first steps to converting the empty first floor of the radio station building into a media training hub, complete with podcast studio, green screen and other facilities, to provide local charities working with young people further opportunities for their development.
## FINANCIAL REVIEW
Our cashflow remained positive throughout the period under review, and again we finished the year with a surplus that, while small, was larger than the previous year – equivalent to about 3 months’ operating costs. We therefore remain financially solvent, in an increasingly stable financial position and closer to our reserves policy target of holding cash equivalent to six months’ operating costs.
page 3
Radio Bath CIO
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is managed by a Management Team. Trustees are appointed in accordance with the constitution.
The Trustees have had regard of the Charity Commission’s guidance on public benefit when making decisions. They are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Signed on behalf of the Charity’s Trustees
Trustee 23[rd] October 2025 Radio Bath CIO
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Claire Gates (Trustee)
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. This report was approved by the Board of Trustee on 23[rd] October 2025
Trustee
page 4
Radio Bath CIO
## **INDEPENDENT EXAMINER'S STATEMENT**
**FOR THE YEAR ENDED 31/12/2024**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RADIO BATH CIO**
I report on the accounts of the company for the year ended 31/12/2024.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINERS STATEMENT**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINERS STATEMENT**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...................................................
Date: 23[rd] October 2025
Arif Vriani AccountLets Coveham House Downside Bridge Road Cobham Surrey KT11 3EP
page 5
Radio Bath CIO
## **Statement of Financial Activities**
## **For the year ended 31/12/2023**
|**Income**
Income from generated funds
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income/(Expenditure)**
**Transfers between funds**
**Gains/(losses) on revaluation of fixed assets**
**Net movement in funds:**
**Net income/(expenditure) for the year**
Total funds brought forward
**Net funds carried forward**|**2024**
**2023**
**Unrestricted**
**funds**
**Total**
**Total**
**£**
**£ **
**£ **
93,731
93,731
89,889
**93,731**
**93,731**
**49,381**
37,821
37,821
46,715
32,436
32,436
35,597
**70,257**
**70,257**
**82,312**
**23,474**
**23,474 7,577**
**-**
**-**
**-**
**23,474**
**23,474**
**7,577**
**8,453**
**8,453**
**876**
**31,927**
**31,927**
**8,453**|
|---|---|
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 6
Radio Bath CIO
## **BALANCE SHEET AT 31/12/2024**
|**FIXED ASSETS**
Tangible assets
**1**
**CURRENT ASSETS**
Debtors (amounts falling due within one year)
Cash at bank and in hand
**2**
**CREDITORS: Amounts falling due within one year**
**3**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
General fund|**2024**
**£**
487
**487**
13,825
22,640
(5,025)
31,440
31,927
**31,927**|**2023**
**£**
649|
|---|---|---|
|||**649**|
|||10,292
6,950
|
|||(9,438)
7,804|
|||8,453|
||||
|||**8,453**|
For the year ending 31/12/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 accordance with the provisions applicable to companies subject to the small companies regime.
## **Approved by the board of trustees on 23[rd] October 2025 and signed on their behalf by**
.............................
Claire Gates Trustee
page 7
Radio Bath CIO
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31/12/2024**
## **1. ACCOUNTING POLICIES**
## **1a. Basis Of Accounting**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 -1A. The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **1b. Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **1c. Resources Expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1d. Allocation And Apportionment Of Costs**
All costs relate to the single activity of the charitable company and are recognised accordingly.
## **1e. Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
## **1f. Trade and other debtors**
Trade and other debtors are recognized at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1g. Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
## **1h. Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognized where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognized at their settlement amount after allowing for any trade discounts due.
page 8
Radio Bath CIO
## **1. TANGIBLE ASSETS**
|**Cost**
As at 31 Dec 2024
**Depreciation**
As at 1 Jan 2024
Charge for year
**Net Book Value as at 31 Dec 2024**|**Office Equipment**
**£**
761
112
162
**487**|**Total**
**£**
761
112
162
487|
|---|---|---|
## **2. DEBTORS**
|Amounts falling due within one year:
Trade Debtors
Other Debtors
**3. CREDITORS**
Amounts falling due within one year:
Trade Creditor
Accrual
Other Creditor|**2024**
**£**
12,096
1,729
13,825|**2023**
**£**
10,292
-
10,292|
|---|---|---|
||**2024**
**£**
642
1,250
3,133
5,025|**2023**
**£**
2,300
3,300
3,838
9,438|
## **4. UNRESTRICTED FUNDS**
|General Fund|**Brought**
**Forward**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Transfers**
**Carried**
**forward**
**£**
**£**
**£**
**£**
**£**
8,453
93,731
(70,257)
-
31,927|
|---|---|
||8,453
93,731
(70,257)
-
31,927|
## **5. TAXATION**
The Charity is exempt from tax on income and gains falling within section 505 of the 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 employee received emoluments in excess of £60,000.
page 9
Radio Bath CIO
## **Incoming Resources**
**for the year ended 31/12/2024**
|Incoming Resources
Incoming resources from generated funds|**2024**
**£**
93,731
**93,731**|**2023**
**£**
89,889
**89,889**|
|---|---|---|
page 10
Radio Bath CIO
## **Expenses**
|**for the year ended 31/12/2024**
**Expenses**
**Costs of generating funds**
Transmission Licence
Broadcast licences
Setting up of Studio
Sales Commissions
Gala Dinner Expenses
Other direct expenditure
**Total Cost of Generating funds**
**Charitable Activities**
Advertising & Marketing
Subscription
Business Development
Entertainment
Travel & Subsistence
Office Stationery
Telephone and Internet
Computer & Software
Accountancy Fees
Business Insurance
Repairs and office equipment
Cleaning
Bank Charges and Interest
Consultancy & Professional Fees
Refreshments
Office Equipment Depreciation
Bad Debt
Sundry expenses
**Total Charitable activities**
**Total Expenditure**|**2024**
**£**
19,359
250
-
18,212
-
-
**37,821**
5,788
4,012
-
918
28
8
552
4,334
5,227
378
1,657
-
91
1,500
1,800
162
5,980
-
**32,436**
**70,257**|**2023**
**£**
22,050
2,392
254
11,623
10,346
50
**46,715**
3,084
3,829
292
1,883
3,520
93
421
4,791
3,535
378
1,484
346
103
1,643
517
112
7,625
1,942
**35,597**|
|---|---|---|
|||**82,312**|
page 11