REGISTERED COIIPA)I' NI'.IIBER: 01412JJ9 (gngland W'#les} REGISTERED CH.4RITI %I %IBER: 280817 sc.olSH CHARIT). NI',IIBER SCOJ95115 Report of iht Trustees nd FinaDciI Stternents For The I'ur Eded 31 D¢mber 2023 for Rdio lffjllipop Il'k) Limited Fuller Spurling SwuioTh .4uditors lill House 58 Guildford Streei Chertsel" SuTrei' kT169BE
Rdio Lolllw)p Il"k) Limiied Conients of ihe Finncial StAterntnts For The l'ear Ended 31 December 2023 ge Report oftlkt Trnstees Report of ¢ht lTrdeptndeDt Auditors S¢xt¢fflent of FiDlltial.4ttiTh'ities Blnte Sheet otes ¢0 iht Flnxntil Ststtmtnis 10 to 17 Det*iled Statement of Financial Arti%ities
Radio ixlllipop (I'KI Llmlied Report of tht Trusiees For The l ur Ended 31 Dere¥Dber 2023 The tnjstees WIK) are also directots of the charii). for the purposes of ihe Companies Ad ?0(. present their reFx)rt wih the financial staiemen¢s of the charity for the lear ended i I tkcetnbeT ?O?i. The trusitts hale adopied ihe protrisions of Ac¢ouThtin¥ and Rew)nin8 bj. Chariiics.. Slemen[ of Recommended Ptaciice applicable io Chariiies preparing iheir accounts in accordance lIb the FinancÉal Rwrting Swmlard applicable in the LK and Republic of Ireland IFRS 10? (effective l Janur$ 20191. OWEIl.E5.4lD Acfi%"ITI£S Objecti>e5 xnd %irn5 The principle aclivili of th¢ ¢ompany durins the %"ear w&s the provision of care. comfort and ¢n¢ertainment io children in h05Pital. through broadcasiing and plaj aciiliiies and ihe compani. Ope¢5 ihrou4h hospital siaiioiis staffed by volunteers. The TnJsie¢s ¢onfLrnI that ihel hai'e referred io ihe guidance Contained in ihe G¢nerdl Guidance on Public Benefii issued bj the Charit) Comm¥ssion for Ertgland and Il"ales and the Office of The Scolli5h Chariry Regulator when re%'iewing ihe Chariry'5 aims and objcciii'es in planning fuiure 11%.1. AchieTremeni$ And perfornunee RadÉo LollI>p in The L'k is in its 44th )'ear of op¢raiion. and is Iking with OPiirniSnL io delivering our s¢rvice5 even more effectively during the yur ah1. Our volunteers eonLinue proNide D40 fouTwJ-Iherflo¢k radio stsiions. Lolltw>p ?4..7 and LolliTots - th¢ first providing th¢ opportunity for children io be "on aiff at earh of our host hospitals. Ihe sttond design¢d for pre-school childrcn and babies. with soTh8s and siorie5 to htlp deielop ihe¥r bond with pareThts and careT5. Il'e are a150 continuing io 0Th. wilh our hosi hospitals io adapt our 5er¥'ices appropriels in this w)si-pandemic Morld. and increase our presen¢¢ wilh Crafts and pla). b) Ihe bedside. slo7Ali reiuming 10 pre-pandemic levcls. with the addition lin some IKSPit81sl of our hugel). popylar LolliTrollie bringin8 lights. fun and magic io ihe ward. Fundraising to supply our s¢ryic¢s continues io be challengin& ti"¢f our Fundraising Team has worked hard on iTriiiaiives such as ihe plann¢d laynch of Radio Lollipop Dai. find ne and innovaiiv¢ methods. Our organisatiortal wide review. Radio Lolliw)p ?O?S continues to help us irw%'¢. all01n8 us io be even more ad¢pi at deliierin8 and focu55ing on Children and their families in IKisPital. with The members of the leadership ieams building experience alongside those who've been ai the ljean of our organisation for nwi> >eaFs. We also re-introduced our fa¢¢-fo-fa¢¢ training wttkend this year, which has held rther motivaie the learn in prepafaiion for the )¢ar ahead. The lear has seen us rnurn to the bedside at ihe majoriri of our Ix)ll TrK)SPitals. albeii 11 wilh some level of restrictions. This combined 1th the ntinUing d¢liveTh' of our ts¥o radio s¢Th'i¢es. LOlliP ?4,7 and LolliTots. h&s seen us increasing our l¢vel of afflii'ir). significanilN over ihe pre%'ious >ear. Our biggest fOCS h&%. and continues to be. on volunieer reeruiimeni acTOSS our L k operdtion. as .¢11 as Iking ai ne and innovative ways of raising the funds io ensur¢ w¢ offer more of our 5¢rvtttS to ¢hildren at our IM)SPita]s. We've now relUrn to our expansion plans with detsiled wn%Ersations unden425 with further Ih)$1 hosptials in Martchester and in London. Il'e were for the first lime in a re b.ears been able io bring iogether our local managemeni teams. fa¢¢ to fxe. for a trainins wtekend. lifling moral. 5harin8 eYperien¢es and developing new skills. Page I
Rdio Lollipop (I'KI Limlted Report of the Trustees For The ) ear Ended Jl Deternbtr 2023 FI%.4%CI.4L REI'IEW. Financial p05itÉon Each Radio Lolliw)p volunieer team arourbd the L k is rtsw)nsible for rdi5in8 Ihe flrnds that Ihej nttd io operaie in Iheir I#] hospitsi. Th¢s¢ operaLit)g are fvnded and managed locall%. The principle local costs for (Trperaiing the or#anisaiion are I I I plav maierials. 10! 5 and 4ifi5 for the children in each Ib)spithl at)d l-l Ihe proi'ision of the rddio S1100 in each hospiial reqltiring b()ih capitsl and revenue e0515. A number of common resource eosts are shared equallN acr055 all the 1]I)p teams. Funds supw>n shad activities sueh as training and 8overnan¢e and development costs are met from a small certttal fiJnd. Th¢ rapital costs of rKv4 tadio ¢quipmenL and premises refurbishment are the chariTh 5 lar8e51 sin8le cost. Local teams will fundvdiS¢ artd save over a number of Jears to med this Cost and curTenil) funds are held for a number of new studios as hospIlS relocate and we move with ihe children io ne hospital pr¢mi5CS. Tothl Trds received dwing the year amoumed 10 £59.9?0 1?02?: £96.9751. Resource5 expended totslled £102.086 i?o?7: £104.5151. This Su]iCd in a deficit for ihe )ear of £4? 166 1?0??: deficit £7.£401. Lk"Ing at unresiri¢ted funds alone. income received amounted 10 £4S.4?01?07?: £96.975I and expendiiutt amounted 10 £90.78$ 1•0?2.. £103.j531. In addition there w¢re funds irdnsferred from resiricied funds io unresiriaed funds of £7.500 Isee note 161 th1¢h all resulTed in an unrestricted funds deficit of £37.8651?07?: £6.3781. The designed reserves wried forward (primarily for udIO equipment - see noie below) are £105.416. rVeS available for ¢entr ¢osis are le5S than one )earof its running costs and stand at L?? 642. As the subsidiary cornpan) Feferred to ill %ote l ? was dOnan1 through) the )ear and the previous year the thtemeni of fjnancial activiiie5 refleas the xtivities of ihe companj onl¥. In%tt¢ment p)1SLTh' nd objtcii¢s The Compan) operaies a slstem m.ith its bankers whereb) funds required for ever)'da!' running of the charity are transferred to a deFrfJsii accouni. In addition longer temi funds ar¢ held in a high interest rale account. The ¢hariiy holds no oiher inNesiment5 wilh tht e¥cepiion of ihe shares of its subsidiary- Radio LolliEM)p ITradin8I Limited. Indemnit> insurAnce During the Near directors and officer5 indemniry insuTanc¢ premiums of £447 wtre paid i?022: £4351. Re5eThe5 policy Each siaiion ieam nominates projects h]Ch it intends io fund (Tr of its eKLsiing resources tO8ether with centrnl nominaiions by ihe direaors. A¢cordÈnel!'. of the £18.058 reserve5 balance of unresthcied funds excluding Lknrestricted fixed Se15. £IOS.416 has bttn designaied b% lh¢ dirtfflors for use on specific future projects and ne faciliiies. Thus free reserves available for continuing acliviiies amount to £2?.64? expenditure. This equates less than on¢ y¢arfs mi¥l STRI'cfL,RE. GOI'ER%.4NCE AND %1.4%.4GE%IENT Coerlg dUment The cornpan) is a registered chariry. number ?80817 in England and SC039505 in Swiland. It is limited by guaraniee 4nd dcs 1 hav¢ a share capithl. li is govfflKd b>. its Memorandurn and Articles of A550¢ition. RecruitmeTrl and ppointm¢nt of tn15ttts TrusieeyDire¢iors a s¢l¢cied and inviied its join Ihe Board of Direciots b) ¢XiSling direciors and ihe app)intment of direciors is i'esied Miih ihe dir¢dor5. Eiisting dirtttors can recommeThd ihe aptmiiniment of a nem dirtCiOT ai anN time. OrE#nis41ionl Mrneture The da} da) rnanagem¢ni of the eharit).. &s designated b% th¢ direthor& is undertaken b}. lh¢ chairmen of the i[1VidUal stations h0 delega1¢ auihorkry IMheT ¥N)inied managemeni ieam rnembers vis. secrewy. treasurer. chief engineer. volunteer co-OTdinaior ¢1¢. The Direaors m¢ei on a resular three monthly basis and wtih ihe sI10n chaimien each half vear. Ai each meeiing the diTector5 revjeH" the financial performarKe of ihc chariiN. Th¢ dirrcior5 ha%'e a w)liL) of apiling indii'idual dtrectors to thk¢ direct responsibility for separate wiions and this policy is being d¢v¢10Td further.
Radio iA>lllpop IL'K) Limiied Report of iht Trustees For The ) Ended 31 Derembtr 2023 STRI'.CTL.RE. GOVERNIANCE AND MANAGE%IE%T Indurtion and iraining orne lrusiees An% tentIal dirccior is inNii¢d io Ihe review ik aims of ihe charity. and ihen is inviied io a nornMI ix)ard meeting and inirodu¢¢d ¢0 otheT directors. Pro%'iding ther¢ ar¢ objections the candid&e is ihen irkNited to join the trK)ard. given 2n information pack and &ssTrgned a fellow director mentor. li is recommended Ihat all dir¢ciors read the relevanl Charit%. Commission guidelines and the restK>nsibiliiies of direaor5 are rlearll defined under these guidelines. REFERETrCE AND ADMINISTIL4TII'E DETAIiS Re%isiered Company number 015123i9 (England ond Il'alesl Registered Chrity number ?80817 Scottish CbriN' number SCO."?9404 Registered offtce Charlone Building Gr¢ss¢ Sireei London WIT IQL Trustees G L Elderfield H J Finn OBE ASGrdy C E Jon¢s S A Prescott D Overton JRDash ' Ferguson M K Lowde lappoinied l.9.?31 Iresigned ?l.7 ?41 C Stanislaus lapwinied 1.9.?31 E Craig (appointed ?1.7 ?41 L King (appointed •1.7.•41 Compan) SecTet*ry L king AdIlorS Fuller Spurlin8 SiatuiOTr Auditors Mill House 58 Guildford Sirttt Chertsey Surrej kT169BE Solicitors Charles Russell spehlys LLP 5 Fleei Place London EC4M 7RD Bankers Barcla%s Bank plc 5171419 London Road North Cheam Surrey Smi 8JS Page 3
Rxdlfj lI(POp ILIKI Llmlted Report o(tb¢ Trustees For Tbe Ve•r Ended 31 December 2023 FirriRF. DENTLOPMEYTS As look ahead 10 20?4. w'e're now. ordering the consrnjction of more LolliTrollics to put into Use around the UK,. Ihe LolliTrollie is our unique hospi1 approved bedside entrnainmeni sssiem ihai. dclil'crcd by our irained volunieers. brin85 I1ht& sound ¢ff¢cts, crafts and fim dKr¢cLly to th¢ ¢hildrcn's bcdside ai an increasing number of our host hospitals. Alongside our coniinuing developmeni plan for the futtlre - Radio Lollipop 2025 r'll also be ronduL%tng The Big Radio Lollipop Survey. a Lomprehensii'e snapshol of our organisaiion w a&sess the skill ba&e and cxperienLes of our vvlunieers. Our plannl Training Wc¢kend for 704 .117 focus on i'olunTeer reteniion and improvin& and wid¢nin& our play skills wi¢h L%lXrts joining u5 to 5harc praciical and delii'¢rablc ie¢hniqu¢s. STATEMENT OF TRL:STEES' RE5PO)SIBILITIES Thc trusi¥¥s IH'ho arL also ¢hL dirLilor5 of Radio Lollipop (UK) Lirnid for thc purposes of conwany law) are rcsF41115iblc for preparing the Report of ihe TTUStces and th¢ financial stai¢rn¢n in accordancc wih applicablc law and Uniied Kingdom Accourtting Swidards (L'niied Kingdom G¢ncrally Acccpied Accouniing Pra¢ii¢¢l. Cornpany law. requires the m%iees io prepare financial siatements for each financial yrdr wthich givc a truc and fair 't¢w of ihc %le ol. allairs of the charithle company and of the incorning rcsourc¢s and applicaiion of rcsourccs. including income and lxpendiiure. of the charitoble comparty for thai period. In preparing (husc financial stslem¢nts. the tTusiees are required to selecl suitable &cout)iing policies dnd th¢n apply ihem consisiendy- observe lh¢ merhods principles Ln lh¢ ChariE) SORP- make judgcmcn15 and csiimaics thaz ar¢ rrdsofJ3blc and prudcni: prcparc ihe financial siaiemcnts on the going concern basis unles5 it is inapproprie io presume thai the charithblc company will ¢onLsnu¢ in bwsin¢M. The trusices are responsjble for k¢¢ping prOr ¥¢owilin8 r¢¢ords 'hich disclos¢ wÈth r¢asonabl¥ accurd¢y ai anj. tim the financial posilion of the charitable cornpany and io enable Ihem TO ensure thai the financial staiements Comply wilh the Companies Act 2006. Thev are a150 rfsponsible for safeguarding the assets of the charitsble company and hence for taking r¢asonabl¢ 5tcps for the prei'eniion and d¢i¢ciion of frdud and other iegUlarItIcs. STATEN1ENT.&S TO DISCLOSLRE OF INFOR%I.4TION TO.4LDITORS So lar the UlL%i¢es are aar¢. ther¢ is no rel¢1.( inlornwtion las defined bi Secuon 418 of the Companies Aci 21M161 of whiLh the Lhri61e iUlilPUYi! arc urtii*are. and trus1¢¢ wkrn ull il)¢ )I¢P5 thai LtJ¢y vu¥ht Iv liuv¢ laken as a Irusi¢¢ in ord¢r io m3k¢ thcm aTh7re of any audii infonnatson and io c$blIsh that th¢ charitsble company's audiiors are are ofthai infonnaiion. AUDITORS The audiiors. Fuller Spurlin& were propjsed for re-apinllDCt at the r¢¢eni Annual General Meeting. Thi5 report has been prepared in accordance with the sp18] PTOVi5ions of Part 15 of the Compnies Ac12006 r¢laEing io sm311 companies. Approved bv order of thc board of trustc¢s on 21" July 2024 and signed on its behalf by. L Kin& . . eirctdry Pa8c 4
Report of ihe Independeni.4udiiors to ¢ht %l¢mlxrs of Radio LOllip Il'l&l Limiied Opinion We have audited ibe rjnanci suiements of Radio Lolliwp ILKI Limited (the 'charitsble ¢ompan)'I for the >'ear ended 31 December ?0?3 h1¢h comprise Ihe Siaiement of Financial .4cli%'itic& thc Balance Sheei and notes to ihe financial 5tai¢Jn¢nt5. in¢luditt8 a summar) of significani accouniing p)li¢ies. The financial reportln8 frameork th& ha5 been applied in iheir pr¢paralioth is applicable law and United Kin8dom Accounling Standards (United Kingdom Gen¢rally Accepted Accounting Praciicel. In our opinion the financial siai¢m¢nts'. 8ive a true and faÉr Vic of the stsie of ihe charithble compan) s affairs as * 31 D¢cember 2023 and of its incoming resour¢es and application of reSoUes. includino its IThe and expenditure. for the Near then ended- hawe been proper]). prepared in accordance with Lniied Kingdom GenerallN Arcept¢d A¢¢ouniing Praciice: and hav¢ been prepared in accordance lIh Ihe requirerntts of the Compani¢s.4¢1 ?006. ha%'e been prepared in accordance 1th the Chariiies and Trust¢c INve5tmeni ISwLlandl Acl ?005 and regulaiion 8 of the Charities Accounts (Scoilandi Regulation5 ?006 Basi5 for opinion Il'e conducied our audit in a¢Idance thith Iniemaiional Standard5 on Auditing (Lkl IISA5 ILK11 and applicable law. Our re5ponsibilitie5 under those sthndards are further described in the .4udiiors' responsibÉlitie5 for ihe audii of the rinancial 5Lqiemenis section of our report. Il'e are independeni of the ¢haritable companj in accordance Wilh the ethical requirements ihai are relevant io our audit of ihe firtancial ststements in ihe LK. including the FRC'S Ethical Sthrkdard. and the proNision5 available for small ¢thiiiies in the eircumsthnce5 sel out in rt01¢ 18 10 ihe financial statemenis. and t have fulfilled our other ¢thi¢al spOnSibl]it1eS in accordance wÉih Ihese requirements. We believe thai ih¢ audit evidence we have obtained is sutyiciem and appwprie provid¢ a b&sis for our opinion. Conclusions re141ing ¢0 going concern In audiiing the financial sÈ21ements. e have wncluded thai th¢ mise5' use of ihe going ¢on¢em basis of accounting in the Preparation of the finanrial ststements Is appropriate. Based on the work. we have perfornd. we have noi identifd 8ny maierial uncertainties ttlating to events or ¢ondiiions thai. indiwidualli or coll¢¢ti%ely. ma). casi 5iqnificani do on ihe ¢harithble compan¥'s abiliN io conttnue as a going eoncern for a period of ai ltrast tw¢l%'e months from when the financial 51alewnen¢S are auihorised for iSSLte. Our resronsibilities and the reswisibiliiies of the truy¢¢s with respect Soins ¢on¢¢rn d¢rib¢d in th¢ r¢l¢vani seciions of ihis t¢rt. Ernphsis of m•tttr- Prni'ision for liabilities ind ch•rges In foming our opinion on ihe financial siatem¢nTS. Mhi¢h is Th)t qualified. we hal'e wnsid¢r¢d the adequacy of th¢ di5¢1osures made in note l S io the financial SlateentS ¢on¢emiThg the Trustees. &5ses5menl of the provision required for broadcasiing li¢eD¢e f¢es of £15.0. 'C hae also reNseed the basis of the proNision. There is some doubi wheiher a proiision is r¢quired at all. or uheiher the probysion is adeqUte. The finan¢i•l $th¢ts include any adjusimen15 thai would be nec¢ssary' if ihis provision yas mai¢rialli' in¢orYe¢t. Other infornixtion The INsie¢5 are r¢5wnsible for the other infommtion. The oiher inforniation comprise5 lh¢ inforntion tn¢luded it) the Anr$U ReporL other thjn the fitwicial swements and our Rell of ihe Indendent Auditors thereon. Our opinion on the finaneial sthments does noi ¢o%er ihe oiher iTrformation and. e.Kcept to the exieni oiheThi5e explieitlj. ststed in Iw rerxvL we do noi ¢xpres5 an) fomi of rance corKlushon thewn. In ¢ono¢¢iioo wilh our audit of the financial $eMen1% our res57b71l1). is the oiher informatiort and. in doiTrg 80. ctsn5ider whdher ihe oiher inforrNatÉon is materiall%" inconslSl¢nt with the financial aiemenis or our knoledge obiained irt ihe audit or oiheTWi5e appear$ 10 be materialli mi551aied. If Me id¢niify' such maierial inconsistencie5 or apparenl rnateTi¥I misstatements. e are r¢quird to detemine hether this giN¢s rise io a material misstaiement in the rinan¢ial stsiemenis ihem5¢1ies. If. based on Ihe Ork. we ha%"e perfornied. we eonelude that there is a maierial missthiemeni of this other infOrnl0 we are required rtrt thai fa¢L W"e have nothing 10 lYPOrt in ihis r¢gard. Pagc 5
Rert •f the Indeptndeni.uditors to the %ltmbeTS of Radio Lollipop11 IKI Limifed Opinion5 on other marter5 PTe5cribed . the C.othp•nio .4ci 20116 In our opinion. based on the WOTK" underthk.en in the coutse of the audit-. Ihe infomwÉion given in ihe Report of ihe Trustees for the financia] )"ear for which ihe financial sthiements are pr¢pared is nSIStenI 1[h ihe financial sthiemenis: and lh¢ Report of ihe Trusiees has be¢n prepared in accordance with applicable l¢gal requirernents. latter5 ott whleh e Ire required io report b). eiception In ihe liqhi of the knoledge and under5tandinE of ihe charithble company and its environm¢ni obtrined in the course of the audLL we have not identified material mi55tatements in the Rep)n of the Trusiee We have noihin to rert in TEspect of the followin8 matters where the Companies A¢1 )006 rwuires us to report to you sf. in our opinion.. adequate aecouniin8 records have noi bccn kcpt or retums for oyr audit have noi been received from brdnches noi visiied b). us.. or the financial 5th1ern¢nTS ar¢ noi in awemeni Miih th¢ acwuniin8 records and reftLrnS: or certain dtsclosures of trus¢ees' remun¢raiion specifi¢d b% la are noi made: or 'e hav¢ noi weiied all the inftsmaiion and explanations t require for our audiL or the trustees were not eniitled to thke adNan¢a£e of the small compani¢s ¢x¢mpiion from the wuiremeni prepwe a S¢rai¢gi¢ Repon or in preparin8 the Report orth¢ TnLsie Respon5ibilitie5 of trustee5 As explained more full) in th¢ Stai¢m¢rti of Twsttts. Reswinsibiltiie& the I5¥Ce$ lith) at¢ also the direciors of Ihe ¢h8ritsble ¢ompanJ for the Pur55e5 of compan%. La.) are rnSible for ihe pr¢p2ration of the financial 5tatem¢nis and for betng satisfied thai Ihe% give a true and fair I'le. and for such inrnal conirol &$ Ihe iTUS1tt5 deiermine is necessary io enable ihe preparwion of fiTwicial s¢am¢rtts th are fre¢ from maierial missthiement. ¥Trheth¢r due to fraud or emTrr. In preparins ihe financtal #aiements. lh¢ trusiees are resTM)nsible for &ssessing the charitable companv's ability to niinue as a going concern. disclosin& applicable. matters relaied io going eoncern and usiR£ the going con¢ern b&sis of accounting unle55 the trLLses either intend liquida* the charitsble company or to Ce operations. or have no realistic alternative blrt io do so. Page 6
Rtport of thE Independent Awdltors to the Memben of Our respoDsSbUttles for the #udlt of tbe filland statements (hjr Objecti are Ob[n reasonable assur atr¥JJt whether the fiftanc as a WI ar¢ free from njatttiai misswellthi whether to fraud or em)r. 8r#l iswe * ReFK)rt of the Indepenkni Auditors that includes ow Ith ISA5 (UK) will always d¢tcct a mriai miss1 whrn it Ui5ts. MissTa[cts c4n arisc from fraud or error and are co51der1 materia] if. IndidallY or in thc they cOd Yea0•bly be ex¢0 to 1Dfiuece thc The extent w which 0pt&1ures are Pable of Tesu"ti including fraud is derailed below.. deterri that the EtKM Si8nificant are those that relatc to the Cbariti¢S Act 2011 aDd Charilies SORP as thry direclly
s part of their fra1 diSclOn.
We evidence. mi5Statetncnts in relation to fra1 in rt]ation to the P$$111ty of frawjukni or c4MriV PA>Thcnts given the size of the A fijrther &Scnptt of rt4KmwTr+iliiies for the 8udii of the fillanC 5tatrmeuts is IatryI on the Financial Reporllng Use of our report ThiB rer is rnade solely to the clwrithble cornplltys as a iKrfty. in aca)rdw with Chapier 3 of Part 16 of the Cornpawts Art 21))6. 0 a111 WO lus been $0 th8( we might sthte the charitable COMpY'S extent permitted by law. we do moi or assur0¢ rwibility to anyone other th80 the dlbEC company aod the Cbaritsble ¢OD]panYs rnbE a iK*. foT our3111 foT TewJr4 or for the opinions we have fom Mark Harvey (Senior StatutoryAlitOr} for snd ott bebaif of Fu]ler Spurling Stattory Audito Mill Howe 58 Guildford Stre KT16 9BE
Rdlo tA)Ilipop (I'KI Limlied Siiemeni of Financial .4rti%'iii¢s Ilnetsrpor%ting Inrome E%penditure.4ecount) For The I"tr Ended 31 Decernber 2023 31.17 73 To1 furwjs 31.1?? Total funds Lnresiriaed fund ResiTiCted fund IYCO%IE AND ENDOM'IIENTS FRONI Donations grants and le£acies 11.555 14.4(X)
6.055
29.460 Fund ratsing aciiviiies Invesiment income 3?.037 67.302 ?13 1.878 TotAI 45.4?0 14.41)0 59.920 96.975 EXPESI DITLRE O Raisin8 fund5 1,580 1.580 21,355 Chgritable etil'llies Direct ChariEable costs Studio ¢osis Trainin& travel and conference Co$ Governance costs 57.561 5.806 14.946 10.89 3.557 61.118 5.806 ??.6g) 10.89? 58.919 9.843 3.34? 11.046 7.744 Total IXl.785 11.301 10?.086 104,515 NET INcOlE1{EXPE1DITl.RE) Tnnsfers between fund5 145.j6$1 7.$1)0 3.199 17.5(N)I 14? 1661 17.5401 16 et movemeni In lunds 137.8651 14.iol I 14? 166 17.5401 RECONCILIATIO% OF FL'NDS Toial funds brought foTh4ard 63.929 736.609 244.149 TOTAL FLINDS CARRIED FoR'ARD 134.81 194.443 236.609 CONTI%I"JNG OPER.4TIO%S All illCOTne and expendÉiuTe ha5 arisen from eontinuing activities. Of ihe ioial unrestricted funds of£134.815. ne 16 dcsignaicd funds for specifi¢ projects of £105.416 and ther¢ are unrestrieied fijnds alread! Sfit on fk.Ked assets wtih a remainin£ s?lu¢ of £6.757 &4 slK)wn on the balance sheet. page 9. Thus the available Temaining unrestricted fund> ar¢ £?I.64* The ne$ fonn pan of ihese financial 518tements Pa8e 8
BglaDte Shett 31 De¢emb¢r 2011 31.12.23 Tothi 31.12.22 Totsl FIXED ASSETS Tangible assets 6,755 755 12231 12 757 757 12233 Debtor5 13 8.788 141, 8,788 201,618 17,715 229.581 59,628 150,778 59.628 210. 247396 CREDrroRS Amounts fallin8 within ODEye4r 14 {7.720) 17.720) (7.920) NET CURRENf A&SETS 143.058 59.628 202,686 239J76 TOTAL ASSETS LESS CURRENT 149.815 59.628 209.443 251.6(Y) PROVISIONS FOR LL4BILfnFS 15 (Is.r) (15.(W) (15.(W) IYET ASSETS 134.815 59.628 194.443 23&609 16 Unrestric*d fw¥]s 134.815 59,628 172,680 63.929 TOTAL FUNDS 194.443 236.fA19 subje¢t the $llll C¢)tiv ffgime. And were $id on its iKhalf by: JRDath.T OBE.
Radio ll]PDp IL"K} Limited o¢¢s lo Ihe Fingncigl St8tements For The I.r Ended 31 Dtcember 2023 ACCOiINTING POLICIES Basis of prep¥ring the finaD¢ial 5ta¢¢ments The financial 51aietnen15 of ihe charitsble companw. M.hi¢h is a public benefii ¢niity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 10?) '.4¢couniing and Reporting b) ChariLl¢S.' Siaiemeni of Recommended PTaaice applicable io ch3riiie5 prepartne iheir accounts ift accordance Mith ihe Finon¢ial Rep)ning Sthndard appli¢oble in th¢ LK and Republic of Ireland IFRS 10?) leffecitNe l January Finan¢ial R¢portin8 Standard 10? The Financial RerK>rting Standard applicable in the UK and Republi¢ of Ireland.. the Charities Au ?01 l and ihe Companies.4a ?. Asset5 and Itabilities are initiall)" recwised at historica] or traTctiON value unless otherwse suied in the relevani a¢¢ouniing p)li¢)' noies. Finnfi41 pOrting manrd 102- redveed disclosure exemptions Th¢ ¢hariiable ¢ompan% has iak'en odianiag¢ of th¢ folloming disclosur¢ ex¢mption in preparing these financia] siaiemenw as pennitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of ITeland': the requirements of Sethion 7 Statemcnt of Cash Flows. Income All income is recogni5ed in ihe SMent of Financial Aciiviiies Or charity entitlement to the funds, li is probable ihai ihe income will be received and the anK)urt can be measured reliabl). Donations. grants and legacies ar¢ xcounied for when received. Inve51ment income is recogni5ed on a r¢ceivabl¢ basis. Activities for raisin8 fithds are re¢ognised on a receivable basis and include events such Is charity balls. roadsho$ Rnd similar fundrnising acii%iiies. 'olunte¢rs nd donted services And facilitie5 The value of services prokided b) iolunteers is noi inwrporaied inio the% financial 5taiemenis. Further deloils of the coniribuiion made b). %olunie¢rs ¢aD be found in ihe direaor5' annual rewrt. 'here services are pro%'ided i(Tr the charÈi!' as a donation thai would nomallj. be purchased from our suppliers. Ihis ¢oniribu¢ion is included in ihe financial siaiemtnt5 at an estimate based on ihe Nalue of Ihe contribution to the ¢haritv. unless ihe amoun15 are inssgnificant. ExndItUre LiabilÈties are recognised as eypendilure as 5wn 45 therr is a le?al or constructive oblig3tion commirting the hArity to thai exp¢ndiure. it is probable ihai a irdnsfer of e(0MI¢ b¢n¢fits Mill be required in settlernepi and the amoLLni of ihe obligaiion can be measured reliabll. Expenditure is a¢¢ouni¢d for on an accruals basis and has been classified under headings that aggree all cost relaied to the ¢e¥or%.. M'h¢r¢ ¢osis cannoi be directly allribuied io particular headings tho. have been ked aciiviiies on a basis consistent with ihe use of resources. All resources e.xpended are cla55ifbed under a¢ii%'it! headings that we431e all costs relat¢d io the category. As Ihe charily IS not l.'A T TegiSl¢T¢d. ¥.4T 15 charged against ihe egor5 of resources e¥pended for which li was incurred. TAngible fixed *55eis Depreciaiion 15 provided ai th¢ followin8 ann] ra in order off each asset over its esiimated useful Siudio Equipment 20%on¢ Page 10 coniinued...
Rdio LK>llipop (L'KI Lifflited 'oies io ihe Finncial S¢xterntnts- eontinued For The ) ear Ended Jl Derember 2023 .ACCOI',NTING POLICIES- conlinued Tgxiiion Th¢ ¢h4rity i$ ¢x¢mpi frorn cor[alL0n tax on its charitable actIticS. Fund ceoyntlng L'Dre5tricted funds can b¢ in acwrdan¢¢ wyth the ¢harithble objeaives * ihe discretion of the trusttts. Designated fuThls are funds sd aside by the directors out of unrestricted generdl funds for specific [re purposes or projects. Resirict¢d furkds can onl% be used for particular res¢ri¢d pur$¢$ wiihin obje¢ts of the charity. Re51ri¢tions arise 5CIficd b). Ihc dortor or grnDty)ror funds raised for particular resrriaed purposes. Further e.xplanation of ihe nature and pur$¢ of each fvnd is iluded in ih¢ n(Mes to the finanei41 statements. Debtors Trdde and other debtors are recosni5ed at the sertlemeni annI due after any trade discount offered. Prepayments ar¢ tralued at the amount prepaid of ani. trade discourts due. CJsh at bank xnd in hnd Cash ai bank includes tash 8nd short temi hi8hly liquid invesirnents with a srt murity of ihrtt months or less from the de of acquisitii)n oropening of the dewjsii or sirnilar account. Creditor5 Creditots and pn)wisions are recognised where ihe charitv h&$ A preseni oblilOn resuliing from a past event thai will probablN resuli in Ihe irnnsfer of funds io a ihird pan). and ihe amouni due to settle the obligation can be measured or estimated reliably. Creditors and provision are Th)rniall)' rttognised at their settlemertt amount after allowing for an! trade dis¢ourt¢s due. FLND K4ISI%G ACTII'ITIES 31.1??? Fundraising events Coniribution from other 10 Lollipop Compani¢s 17.0(K> 17.000 37.037 67.30? 31.12.23 31.1? ?? Bank iniere51 1.8?8 *13 PzRell continued...
Radio Lollipop IL'K) Limited otes to the Financial St4iements- coniinued For The I'eAr Ended JI DeceThber 2023 CHARITABLE ACTII'ITIES COSTS Direct Costs (see TK)ie Supw)rt osts (see note 61 Totsls Direci Charitsble cosls Studio costs Trdinin4. ird%'el and conference ¢osts Govemance costs 5.806 10.89 89.614 10,89? 100.506 DIREcf COSTS OF CHARIT.4BLE.4CTII'ITIES Including R¢siri¢ied in ?0ty3 31.1?.23 31.1? 22 Studio runniog Costs Gifts and play m•erials Trainin& trai'el and meeiin8S Administration and SU[r). costs lThsurdnce Contribution io Radio Lollipop Tnternional Ltd Depreckation of iansible fixed assets 869 1.699 7.744 S.806 7.008 14.946 34.483 9.311 10.0 7.060 9.843 ?.673 3.34? ?3.913 9.437 10.0 1 •.896 989 11.301 89.043 SLtPPORT COSTS Gov¢mance cost5 Governance costs 10.89? SupwTrrt co included in the aiKJve. are as foltows: Gov¢rnxDce costs 31.12.23 31.12.22 Toial a¢tiN'iiies Governan¢¢ costs Audiior5' remuneration Audiior5' rernLttheration for non audtl work Bookkeeping and administw&or 3.150 3J70 4J72 3.035 £.809 2.152 10.897 1.046 Page 12 continued...
Rdi(& lI1)P Il'k) Limiied oies ¢0 the Finxncial Stalements- conitnued For The )"t8r Enthd 31 December 21123 ET INCOMEI{EIPE%DITI'REI Net income/lexpendtiyrel 15 Stated after ¢hargin&'lcreditÈngl'. 31.12.23 31.1?22 Auditing of accounts (hh¢r non-audii ser%'ices 3,150 3.370 7.060 -1.0.15 TRL'.STEES' RE%II'%E114TION AJD BENEFITS There were no iTUStees' remuneration or other b¢nefiis for the year e]Mled 31 Decembcr ?023 tr for the year ended 31 December ?0?? Trustee5' txpe115es The Charli% reimbursed L?.930 w 6 TnMee5 in the )tar for irabel. subsien¢t and other expenses (2022.. £614 to 2 Trnsiees.) STAFF C.OSTS The charii>' employed M stsff in the )'ear. and tsefore incurr¢d no emplojment W5ts. The ke) manag¢mertt personnel of ¢harit) compri5¢ thr trnstees and the administrator. The benefits of the kcy rnanag¢ment peT50nrKI of the eharit) tr¢ £4.37? ?0??: L?.15? 10. CO,%IP.4RATI%"ES FOR THE sfATEIIENT OF FI)ANCI.4L.4crii'iTIES L'nresiricied fu Restricied fund Tothl funds IINCO%IE AND ENDOIIIIE%TS FROM Donations grnnts and l¢gacie5 •9.460 29.460 Fund rdising a¢tiviEies Inwesuneni income 67.30? ?13 67.30? ?13 Totsl 96.975 96.975 EIPE%DITL'RE O RaisiThg funds ?lJ55 21.355 Ch8ritablt ¢tiiities Dire¢1 Chariiable ¢osts Siudio co515 TrainÉn& irdvel and ¢oThftfence ¢05ts Goveman¢¢ ¢osts 57.757 9.84i 1.162 58.919 9,843 3,34? 11.056 11.056 TotAI 103.353 1.162 104.515 ET IP¥COMEI{EXPENDITI,'RE} 16J781 {1,1621 17.5401 RECONCILI.4TIO% OF FL'NDS Total funds brniughi foniard 179.058 65.091 ?44.149 TOT.4L FLNDS CARRIED FORII.'.4RD 17•.680 63.999 736.609 Page 13 continued...
Rdio Lollip Il'K) Limit¢d ot¢s to the Financial St#tement5- Colltinued For The l'ear Ended 31 Decembtr 21123 TANGIBLE FIXED ASSETS Studio Equipment COST Ai l January ?0?3 Addiiions 386.674 1.584 Ai 31 tk¢ember 20?3 388.ty58 DEPRECI.4TIO .41 l JanuaTh ?O?- Char8e for year 374.443 7.060 Ai 31 De¢ernber 0?3 381.503 P4ET BOOK I'ALITE At 31 December ?0?3 6.755 Ai 31 December 102? 12. FIXED ASSET IN%"EST%IE%TS The cornpany holds th¢ wTrKJl¢ of the ordinary share capithl of Radio iA>llirrt)p (Trading) Limiied. 3 company incorFvratcd in England. undertaking fundraising *"ork" and eosenaniin8 all profits io the company. Thai company knas domwii Ihroughoui ?0?3 and ?0?! and had no ass¢ts or liabiliiies. 13. DEBTORS: AMOLJTS FALLI)G DI'E 1TH[l OIE I EAR 31.12.23 31.12.22 her debtors Prep8ymen15 11.550 6.165 8.788 17.715 Pag¢ 14 ¢ontinued...
Radio Lollipop {l-Kl Limited Yotes io the Finnrial Siiierntnts- tontinued For The l egr Ended 31 De¢ember 2023 14. CREDITORS.. AMOL%TS FALLING DL E M"ITHI% ONE )'E.4R 31.12.23 31.1?.22 Trle crtdiiors A¢cTued expenses 7?0 7?0 7.?00 7.770 7.920 15. PROVISIOSS FOR LI.4BILITIES 31.1??3 31.1?.2? Provision fot bft)adcasiing liccD¢e ftts 15.000 The provision relates to possible fees w'hich ma). Etcome palablc in ¢onne¢iioTh ¥Trith Tadio broadcasting ai each Statkon. The dIrlOr5 klieve th it is unclear whether a liabiliTr aciuall) eNists. Ht5toricalli th¢ compan) has enjoyed e¥empi sthtus from such fees. HoM'eNer in 7001 bro&Jcasiing licen¢e r¢gulaiion5 were iaried and il bccame un¢l¢ar M"hether this exempt swus remained in force. During ?01 O. Ihe dir¢¢tors received infomaiion frorn t0 of the ihr¢e Lic¢nsin8 AK)ntieS concerned that iheir fees arc no ¢o%'ered by Radio Lollipop's membership of the Hospital Broadcasting Asso¢iaiton. Tl*se lees are no paid annuall J b) ea¢h stsiion. r¢mainin8 Auihority. has Indiced an anoyal fet level h1¢h ma). be charged in fuiure. Hoever. the ¢xempi $18¢US Preiiousli appIlble ma) Still be in force. For prudence the direeior5 consider th a provision or £15.000 31 December ?0?3 is Slill adeqUe wver an%. fees h7¢h ma). become pa)able and this is Sho in ihe flnancial ststements as a proi'ision in accordance Mith FRS 10? Pzge 15 conlirtued...
Radio knllip)p Il'k) Llmiied otes to the Financial Statements- cothiinued For The l er Ended JI December 2023 MO%'E.MEYf i FLNDS Restricted funds Ai31.12.23 At 1.1.23 Incoming Re50urc¢s ReUrceS Expended Southamwon development Edinburgh- sustaining 5er%'ice Edinburgh- N'aiional Loiiery. scn50rv io)% Dundee- Purchase of tablds Birniingham- for Ipads Birningham- Davenport for siudio re$Ck Birn)in8ham - NIiddle[e Trust Bristol National Lorter>. Sludioirait)in&uniforns GlasBOW - vchtcle and foadthow equipment Glasgow - Plai maEeri815 and tablets Glasgo%4 - Healing power of pla). projeci Edinburgh- bntera¢iii'¢ equipmeni Souihampion- Volunieerin8 10 help children in hospita15 Souihampton . LolliTrolli¢ Microsoft. deielopmeni and connectivity LOde Music- de&¢lopmeni and conThectÉi'itv Ceniral - Birmingharn Llnivtr5ity". for conference Cash for kids- tyollies 327 397 869 169 2,51JO ?.331 1.085 81 1.000 1.794 1.085 419 2.000 206 3.000 10.( 7.776 4.81) 578 10.000 4.815 578 1.500 1.5 7.51M) 7.5(M) 20.5(KI 20,5( 7.744 7744 989 4.246 6i.9_ 14.$00 18.801 9.6?8 The funds received from Microsoft in a p1.10$ vear hase been recognised as spent on equip¢1 in Vdrlier year5 and the amouni has been tyansf¢rred betwzcn Restricted Funds and the General Fund to refl¢ci ihis. Design4¢¢d Funds Thr direciors haTrc dtsignot¢d ¢¢rt¥in funds from ihc Lnresiricied Funds of the ¢ompany io be used for the sp¢cifi¢ future purposes slKTrMrÈ below. FuThds recei¥d durin¥ the >'ear which ere immediely allocaied to the d¢si8Twed fun&5 are shown iogether with funds expended. Ai 1.1.23 Incoming Rtg)ur¢¢s At31.12.23 Reduction Funds raised for Radio Lollipop in South Africa Studios. planned mwntenan¢e and pdaies beside lisieniTh8 iechTK>log}. Hand held inieractii'¢ ¢hildren's de%'ice5 and sourcing of crafi and p13v cquipment 5.8?$ 725 5.100 9.?18 29.218 71.098 71.098 106.141 7?5 105.416 Page 16 continued...
Rdio IAAlip)p (L'l&l Limiied otes lo the Financial Stalements- continued For The I'e4T Ended 31 December 2023 17. RELATED PARTI. DISCLOSI'RES There w¢r¢ no relat¢d pany tyansactions for the year ended 31 December 2023. FRC ETHICAL STADARD- PROI'ISIO%S AI'AILABLE FOR S%IALL ENTITIES In common with many other busine55es of our size and nwurc we use our auditor5 to assist with the preparatio of th¢ finwJ¢ial ststements. 19. LIABILITh' LIMITED BTr' GI'ARANTEE The company does not have a share Capit and is limi*d b>. guarantee. In the event of the company being wound up. Ihe MlMuM amount which mernb¢r is liable to is £1. There were 10 members at Ihe ytar end. Page 17