| Contents | Page | |
|---|---|---|
| Company | Information | 1 |
| Trustees' | Report | 2-9 |
| Report of | the Auditor | 10-12 |
| Statement | of Financial Activities | 13 |
| Balance Sheet | 14 | |
| Statement | ofCash Flows | 15 |
| Notes to the Accounts | 16-23 |
| negotiations | with a prospective purchaser but have not yet exchanged co |
with a prospective purchaser but have not yet exchanged co |
ntracts. | |
|---|---|---|---|---|
| An overview | ofFeba Radio's income and expenditure during the financial |
year is shown | below: | |
| 2020f | 2019f | |||
| Income —Total: f1,419,925 | Gifts | 73.9'/o | 68.1'/o | |
| Legacies | 25 4o/o | 31 3o/o | ||
| Other | 0.7'/o | 0 6'/o | ||
| Expenditure- | Total: F1,096,695 | Charitable Activity |
84 5'/o | 86'/o |
| Cost of raising funds | 14.5'/o | 13o/o | ||
| Governance costs |
1'/o | 1 o/o |
| FOR THE YEA | R ENDED 30SEP | TEMBER 2020 | TEMBER 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restdcted | 2020 | Unrestricted | Restricted | 2019 | |||
| Note | Funds f |
Funds f |
Total | Funds f |
Funds | Total | ||
| Income from: | ||||||||
| Donations | 818,271 | 231,280 1,049,551 | 842,682 | 335,346 | 1,178,028 | |||
| Legacies | 360,003 | 360,003 | 542,263 | 542,263 | ||||
| Investments —interest receivable |
4,693 | 4,693 | 4,874 | 4,874 | ||||
| Other sources | 416 | 416 | 4958 | 4 958 | ||||
| Total income | 1183383 | 231280 1414663 | 1394777 | 335346 | 1730123 | |||
| Expenditure on: |
||||||||
| Raising funds | 2 | 159,461 | 159,461 | 131,701 | 131,701 | |||
| Charitable activities: |
3 | |||||||
| Partner Media Projects | 595,817 | 273,280 | 869,097 | 570,426 | 247,769 | 818,195 | ||
| Partnership Team Costs |
68 137 | 68 137 | 66 071 | 66071 | ||||
| Total expenditure | 823415 | 273 28D 1096695 | 768198 | 247769 | 1015967 | |||
| Net gains on investments | 5262 | 5262 | 890 | 890 | ||||
| Net Income | 365230 | ~42 DDD | 323 23D | 627469 | 87 577 | 715046 | ||
| Net movement | in funds | 365,230 | (42,000) | 323,230 | 627,469 | 87,577 | 715,046 | |
| Reconciliation | offunds | |||||||
| Funds brought | forward | 2 | 418320 | 154 130 2 572450 | 1 790 851 | 66 553 | 1 857404 | |
| Funds carried | forward |
| Note | 2020f | 2019 f |
||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible fixed assets |
249,336 | 241,578 | ||||
| Current assets | ||||||
| Investments | 62,643 | 57,381 | ||||
| Debtors | 211,955 | 378,710 | ||||
| Cash at bank and | in | hand | 2492 829 | 2 027 800 | ||
| 2,767,427 | 2,463,591 | |||||
| Creditors: Amounts | falling due | |||||
| within one | year | 10 | 121 D83 | 132719 | ||
| Net current | assets | 2 646 344 | 2 33D872 | |||
| Net assets | ||||||
| Restricted | funds | 12 | 112,130 | 154,130 | ||
| Unrestricted | funds | |||||
| Fixed asset | fund | 12 | 249,336 | 241,578 | ||
| Designated | reserve funds | 12 | 1,200,000 | |||
| General reserve | 12 | 1 334214 | 2 176742 |
| FOR THE YEAR ENDED 30SEPTEMB | ER | 2020 | ||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Cash provided by/(used In) operating |
activities | |||||
| (see below) | 470,980 | 899,680 | ||||
| Cash flows from investing activities |
||||||
| Purchase oftangible fixed assets |
(10,344) | |||||
| Interest and dividends received |
4693 | 4874 | ||||
| Cash provided by investing activities |
5651 | 4 874 | ||||
| Net cash inflow | 465,329 | 904,554 | ||||
| Cash and cash equivalents at 1 October |
2019 | 2027550 | 1 | 122 646 | ||
| Cash and cash equivalents at 30September 2020 |
||||||
| Cash flows from operating activities |
||||||
| Net income for the year | 323,230 | 715,046 | ||||
| Interest and dividends included in investing |
activities | (4,693) | (4,874) | |||
| Depreciation | 2,586 | |||||
| Net (gains)/losses on investments |
(5,262) | (890) | ||||
| Decrease/(Increase)in debtors |
166,755 | 202,599 | ||||
| (Decrease)/Increase in creditors |
~11636 | ~12201 | ||||
| Cash provided by/(used in) operating |
activities |
| Governance | Staff | Other | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| SUPPORT | COSTS | Head Office | Total | Total | ||
| Fundraising Partner Media Projects |
2,736 8,804 |
33,919 109,164 |
55,631 179,034 |
92,286 297,002 |
46,875 291,213 |
|
| Partnership | Team Costs | 690 | 8559 | 14036 | 23285 | 23516 |
| GOVERNANCE COS | TS | |||
|---|---|---|---|---|
| 2020 | 2019 f |
|||
| Auditors remuneration |
for audit services | 7,200 | 7,200 | |
| Trustee expenses | 1 268 | 4 022 | ||
| L468 | ||||
| STAFF COSTS | 2020 | 2019 | ||
| Wages and salaries | 243,859 | 190,992 | ||
| Social security | 19,679 | 14,727 | ||
| Employer contribution |
to defined contribution | pension schemes | 14,924 | 15,045 |
| Other employee benefits |
8767 |
| Average number ofemployees | Average number ofemployees | during the year | ||
|---|---|---|---|---|
| Partnership | Team | 1.0 | 0.5 | |
| Support | 6.0 | 5.5 | ||
| ZQ | kQ |
| Freehold | Furniture, | ||||
|---|---|---|---|---|---|
| property f |
equipment & IT f |
Total | |||
| Cost | |||||
| At 1 October 2019 | 257,578 | 130,936 | 388,514 | ||
| Additions | 10,344 | 10,344 | |||
| Disposals | ~122341 | ~122341 | |||
| At 30September 2020 | 257 578 | 18939 | 276517 | ||
| Depreciation | |||||
| At 1 October 2019 | 16,000 | 130,936 | 146,936 | ||
| Charge for the year | 2,586 | 2,586 | |||
| Released on disposal |
~122341 | ~122 341 | |||
| At 30September 2020 | 16000 | 11 181 | 27 181 | ||
| Net book value | |||||
| At 30September 2020 | |||||
| At 30September 2019 | |||||
| 8 | INVESTMENTS | ||||
| Listed investments on the UK Stock Exchange: |
|||||
| 2020 | 2019f | ||||
| Valuation | |||||
| At 1 October 2019 | 57,381 | 56,491 | |||
| Revaluation in year |
5262 | 890 | |||
| At 30September 2020 | |||||
| 9 | DEBTORS | ||||
| 2020f | 2019 | ||||
| Tax recoverable | 65,398 | 35,833 | |||
| Sundry debtors | 64,202 | 78,911 | |||
| Legacies receivable | 82 355 | 263966 | |||
| 10 | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2020f | 2019 | ||||
| Other creditors | 9,513 | 14,579 | |||
| Other taxes and social | security costs | 6,604 | 3,253 | ||
| Accruals and deferred | income | 104966 | 114887 |
| FUND STATEMENT | ||||||
|---|---|---|---|---|---|---|
| 2020 | ||||||
| Brought | Income | Expenditure | Transfers | Carried | ||
| Forward f |
Forward f |
|||||
| Restricted funds | ||||||
| Special projects | 154130 | 231 280 | ~273 280 | 112130 | ||
| Total restricted funds |
154130 | 231 280 | ~273280 | 112130 | ||
| Unrestricted funds |
||||||
| Designated | ||||||
| Fixed asset fund | 241,578 | 7,758 | 249,336 | |||
| Designated reserve funds |
1,200,000 | 1,200,000 | ||||
| Undesignated | ||||||
| General reserve | 2176742 | 1 | 188645 | ~823415 | ~(207758 | 1 334 214 |
| Total unrestricted funds |
2418320 | 1188645 | ~823415 | 2 783550 | ||
| Total funds | ||||||
| 2019 | ||||||
| Brought | Income | Expenditure | Transfers | Carried | ||
| Forward | Forward f |
|||||
| Restricted funds | ||||||
| Special projects | 66,553 | 313,797 | (226,220) | 154,130 | ||
| Programme development |
21 549 | ~21 549 | ||||
| Total restricted funds |
66 553 | 335346 | ~247 769 | 154130 | ||
| Unrestricted funds |
||||||
| Designated Fixed asset fund |
241,578 | 241,578 | ||||
| Undesignated | ||||||
| General reserve Total unrestricted funds |
1 549 273 1 790 851 |
1 395667 1 395667 |
( ~768198 ( ~768198 |
2 176742 2418320 |
||
| Total funds |