2023-04-05-accounts

Trustees’ Annual Report for the period

From Period start date: 6 April 2022 - To Period end date: 5 April 2023

Charity name: Life Radio UK

Charity registration number: 1195870

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	Our purpose is to promote the benefits of the Christian faith, prepare listeners for the return of Jesus Christ, and promote a holistic approach to life and health.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Our main activities revolve around producing live and syndicated radio programmes that are broadcast 24/7 on our website, DAB radio, and mobile Apps.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The guidance was issued to all Trustees.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	N/A
Policy on social investment including program related investment	Para 1.38	N/A
Contribution made by volunteers	Para 1.38	N/A
Other		N/A

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	• We carried out test broadcasts on the small-scale DAB platforms in Birmingham. • We have renewed our DAB Licence with Ofcom. • We have provided a platform for congregants who are not worshipping in person to engage in various worship experiences. • We have highlighted the achievements and contributions of people in the UK black community. • We have produced a series of programmes highlighting the valuable contributions made to the UK Black Community since 1948. • Listeners have been able to hear inspiring sermons, programmes on how to make their families thrive, answers to challenging Bible questions, and the opportunity to engage with presenters to express their opinions. • We have provided volunteering and training opportunities to those wanting to develop their media skills.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	N/A
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	No investment objectives have been set.
Other		Not applicable

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Life Radio UK can meet its financial obligation thanks to the consistent Gift-aid donations from listeners. We are planning to improve our finances through royalties from two books written by CEO Mike Johnson to generate income for the station. The first book is undergoing editorial assessment by the publishers and is expected to be realised in Q1, 2024.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	We have agreed in principle to adopt a reserve policy, and this is an ongoing process in terms of the amount to hold.
Amount of reserves held	Para 1.22	At present we are holding a nominal; amount of £1,000
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	None
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties. In addition to finances, we are also planning for succession in terms of personnel.

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Our principal sources of funding are listener donations, advertising sponsorship, and HMRC Gift Aid. We are planning a series of grant applications for 2024-2025, for the upgrade of our equipment and to expand our service across five DAB Multiplexes in Birmingham (2), Milton Keynes, Londonderry, and Swansea.
Investment policy and objectives including any social investment policy adopted	Para 1.46	The Charity does not hold any financial investments.
A description of the principal risks facing the charity	Para 1.46	The principal risk facing the charity is insufficient funds to expand on the DAB radio platform. To mitigate this, we have developed a mobile App that will be available in the Android and Apple stores globally. One added advantage of the App is that we can monitor download activities to determine where we are having the greatest impact.
Other		Not applicable

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Life Radio UK is constituted as a Charitable Incorporated Organisation (CIO) with a constitution, adopted from the Charity Commission for England and Wales.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	The original Trustees came together due to their relationship with Founder/CEO Mike Johnson, who has worked with them in radio or other church ministries over the years. They share a common goal of using the radio to spread the Gospel of Jesus and His soon return. The CEO will introduce any potential Trustees for ratification. No bodies are entitled to make recommendations or to appoint Trustees to the Board.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	Trustees are made aware of Trustees policies and the relevant guidelines from the Charity Commission.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The Charity is governed by a Trustee Board of seven members with elected positions of Chairperson, Secretary, and Treasurer. The Board meet quarterly, and decisions are delegated to the CEO, who also has authority to make decisions that are in keeping with the overall strategic goal of the charity.
Relationship with any related parties	Para 1.51	We collaborate with Reach Society to produce the Milestones Series that highlights the contributions made to the UK Black Community media partners who supply syndicated radio content.

Reference and Administrative details

Charity name	Life Radio UK
Other name the charity uses	None
Registered charity number	1195870
Charity’s principal address	207 Oldbrook Boulevard Milton Keynes MK6 2QB

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Michael Johnson	CEO/Secretary
	Sandra Golding	Chairperson
	Thelma Gage
	Sonia Johnson
	Aled Wyn-Joyce
	Charles Bramble	Treasurer
	Marcus Rey

– Corporate trustees names of the directors at the date the report was approved

Director name Not applicable

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
Not applicable

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	Not applicable
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	Not applicable
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	Not applicable

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
N/A	N/A	N/A
Name of chief executive or names of senior staff members (Optional information)
Michael Johnson

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

None

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date	M. Johnson
	Michael	Johnson
	Secretary
	14 January 2024
	14 January 2024

Life Radio Income and Expenditure Account 2022 - 2023

INCOME Donations Voiceover Payment Sponsorship Advertising Gift Aid Total Income	4,824.62 150.00 1,050.00 400.00 4,084.12
	10,508.74

EXPENDITURE Business Broadband 1,127.34 Domain Hosting 481.02 Server Hosting 362.39 DAB Carrriage Fee 768.00 Web developer 784.47 Remote Broadcasting 723.52 Podcast distribution 303.57 Studio Text Service 175.84 Studio Phone in Line 134.30 Radio Phone Line 11.99 Software Purchase 529.23 Bank Charge 67.92 Web Security 183.95 Radio Live stream 94.47 U Tube 131.89 Grapic Design 1,581.56 Cloud Storage 201.13 Studio Accessory 605.55 Studio Playout Software 1,446.25 Office Supplies 169.57 Printer Consumables 35.89 Web Plug in 95.87 Membership & Subs & Licences & Playstore & Copywright 922.15 PC Purchase & Audio Converter & VPN 1,564.99 Laptop Ins 40.50 DAB Carriage 1,552.00 Station Audio Imaging 600.00 Marketing 1,118.00 Venue hire 60.00 Awards evening 190.00 App development 1,547.12 Winrush Writers Fee 164.59 Postage 14.10 Travel 87.56 Total Expenditure Net Movement
	17,876.73
	-7,367.99

Opening Bank Balance		8,825.29
Closing Bank Balance		1,457.30
	Net Movement	-7,367.99