Company registration number: N1035896 Charity registration number- NIC100657 Radio Cracker Ballymena (A company limited by share capital) Annual Report and Financial Statements for the Year Ended 30 June 2023 D. T. CARSON & Co CHARTERED AccouwfANTS 51- 53 THOMAS STREET BALLYMENA CO. ANTRIM BT43 6AZ TEL . 028 2565 2389 FAX . 028 2565 1295 Email . info@dtcarson.com CHARTERED ACCOUNTANTS IRELAND
Radio Cracker Ballymena Contents Reference and Administrative Details Tru5tee5' Report 2to3 Policy on reserves Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Slatements 7t0 12
Radio Cracker Ballymena Reference and Administrative Details Chairman Mr William A Mccluggage Secretary Mrs Iona Bailie Charity Registration Number NIC100657 Company Registration Number N1035896 The charity is incorporated in Northern Ireland. clo D T Carson & Co 51-53 Thomas Street Ballymena Co Antrim BT43 6AZ Registered Office Principal Office clo D T Carson & Co 51-53 Thomas Street Ballymena Co Antrim BT43 6AZ Independent Examiner Ryan McFaul D T Carson & Co 51 53 Thomas Street Ballymena Co. Antrim BT43 6AZ Bankers First Trust Ballymena 78 Wellington Street Ballymena Co Antrim BT43 6AF Page I
Radio Cracker Ballymena Trustees, Report The trustees, who are directors for the purposes of company law, present the annual report together with the rmancial statements of the charitable company for the year ended 30 June 2023. Objectives and activities Objects and aims The object of the Charity is to promote Christian faith,particularly by radio broadcasting among members of the Christian churches and the Greater Ballymena community. The Charity aims to relieve povety and sickness and thereby improve ihe life conditions of life of children, young people and the aged who are poor, sick, deprived or disabled, in the Greater Balljinena area,and in any part of the world, especially the Third World. It also aims to promote such charitable purposes in any part of the world and in particular by encouragtng young people in the Greater Ballymena area to WOTk voluntarily, to assist charities working in the Third World. Public benefit The charity operates a public radio broadcast 'Radio Crackev. a Christmas shop and other public events to raise money for the charitable objectives. The trustees confimi that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Cotnmission for England and Wales. Financial review Pollcy on reserves The trustees retain sufficient funds each year to pay any licence and perforniing rights fees for the following year. Trustees and officers The trustees and officers serving during the year and since the year end were as follows: Trustees- Mrs M Allen Mr N Jordan (Resigned 23 December 2023) Mr I Calderwood Mrs Iona Bailie Mr William Law Chairn]an: Mr William A Mccluggage (appointed I l March 2023) Mrs lona Bailie Secretary: Strueture* governance and management Nature ofgoverning documenl The business of the Association shall be mana(Ted by the Trustees
Radio Cracker Ballyrnena Trustees, Report Reeruilnienl and appoinlhient of Iruslees Trustees shall be appointed from members of th¢ Association as required by ordinary resolution or by decision of the trustees. Arrangementsfor selling key managepnenlpersonnel repnuneralion No remuneration was paid to Trustees during the year. Statement of trustees, responsibilities The trustees (who are also the directors of Radio Cracker Ballymena for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), includints FRS 102 "The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trust¢es must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclos¢ with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial sla¢¢ments comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable conipany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial inforniation included on the charitable company's websit¢. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 22 January 2024 and signed on its behalf by: Mrs Iona Bailie Coinpany Secretary
Radio Cracker Ballymena Independent Examiner's Report to the trustees of Radio Cracker Ballymena ('the Company,) I report to the charity trustees on my examination of ihe accounts of the Company for the year ended 30 June 2023. Responsibilities and basis of report As the charity's trustees of Radio Cracker Ballymena (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of Radio Cracker Ballymena are not required to be audited under COTnpany law and are eligible for Independent exaTnination, I report in resp¢ct of my exarninalion of your charity's accounts a5 Caled out under section 65 of the Charities Act (Northern Ireland) 2008. In carrying out my examination I have followed th¢ Directions given by the Charity Commission under section 65(9}(b) of the Charities Act. Independent exarniner's statement I have completed my examination. I confinn that no matters have come to my attention in connection wilh the examination giving me cause to believe: l. accounting records were not kept in respect of Radio Cracker Ballymena as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the a¢¢ounting r¢quirements of section 396 of the 2006 Act oiher than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting StaT]dard applicable in the UK and Republic of Iieland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Ryan McFaul D T Carson & Co Chartered Accountants & Registered Auditors 51 53 Thomas Street Ballymena Co. Antrim BT43 6AZ 22 January 2024
Radio Cracker Ballymena Statement of Financial Activities for the Year Ended 30 June 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Unrestricted Note Income and Endowments from: Charitable activities Charitable activities 48.938 13.800 48,938 13,800 Total Income 62,738 62,738 Expenditure on: Charitable activities (64.406) {64,406} Total Expenditure (64,406) (64,406) Net expenditure 1,668) (1,668) Net movement in funds (1,668) (1,668) Reconciliation of funds Total funds brought fonvard 8.268 8,268 Total funds carried fon¥ard 12 6,600 6,600 Total 2022 Unrestrieted Note Income and Endoivments from: Charitable activities Charitable activities 17,075 4,070 17,075 4,070 Total Income 21,145 21,145 Expenditure on: Charitable activities {23,417) (23,417) Total Expenditure {23.417) (23,417) Net expenditure (2.272) (2,272) Net movement in funds (2,272) (2,272) Reconciliation of funds Total funds brought fonvard 10,540 10,540 Total funds carried forward 12 8,268 8,268 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note l O. The notes on pages 7 to 12 fonn an integrdl part olthese financial statements.
Radio Cracker Ballymena (Registration Dumber: N1035896) Balance Sheet as at 30 June 2023 2023 2022 Nole Fixed assels Tangible assets 532 201 Current assets Debtors Cash at bank and in hand io 1,679 4.389 2,668 5.399 6.068 8,067 Net assets 6,600 8,268 Funds of the charity: UDrestricted incotne funds Unrestricted funds 6,600 8,268 Total funds 12 6,600 8,268 For ihe financial year ending 30 June 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance wilh the provisions relating to cornpanies subject to the small companies regime. The financial statements on pages 5 to 12 were approved by the trustees, and authorised for issue on 22 January 2024 and signed on their behalf by: Mr William A Mccluggage Chainnan The notes on pages 7 to 12 forni an integral part of these financial statements.
Radio Cracker Ballymena Notes to the Financial Statements for the Year Ended 30 June 2023 I Charity status The charity is a charity limited by guarantee and consequently doe5 not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is.. clo D T Carson & Co 51-53 Thomas Street Ballymena Co Antrim BT43 6AZ The principal place of business is.. clo D T Carson & Co 51-53 Thomas Street Ball)Thena Co Antrim B T43 6AZ These financial statements were authorised for issue by the trustees on 22 January 2024. 2 Accounting policies Summary of significant aecounting policies and key aeeounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Chariti¢s SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic o Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act (Northern Ireland) 2008. Basis of preparation Radio Cracker Ballymena meets the definition of a public benefit entity under FRS 102. Ass¢ts and liabilities are initially recognised at historical cost or transaction value unless othenvis¢ stated in the relevant accounting policy notes. Going concern Th¢ trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Radio Cracker Ballymena Notes to the Financial Statements for the Year Ended 30 June 2023 Income 2nd endowments AII iT]come is recognt5ed once the charity has entitlement to the income, it is probable that the income WRII be received and the amount of the income receivable can be measured reliably. Donations and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is ev]titled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditiov]s will be fulfilled in the reporting period. Expenditure All expenditure is recogni5ed once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate stmilar Costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central statT Costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other 5UPPOrt costs are allocated based on the spread of staff costs. Charitable aclivikies Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the te5t5 set out in Paragraph I Schedul¢ 6 of the Finance Act 2010 and therefore it meets the definitton of a charitable Company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £0.00 or more are initially recorded at cost. less any subsequent accumulated depTeciation and subsequent accumulated impairnient losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Radio Cracker Ballymena Notes to the Financial Statements for the Year Ended 30 June 2023 3 Income from donations and legacies Unrestrieted funds General Total funds Donations and legacies. Gift aid reclaimed Regular giving and capital donations 4.055 44,883 4,055 44,883 Total for 2023 48.938 48.938 Total for 2022 17,075 17,075 4 Income from charitable activities Unrestricted funds General Total 2023 Total 2022 Events Sal¢ of purchased and donated goods 825 12,975 825 12,975 4,070 13,800 13,800 4,070
Radio Cracker Ballymena Notes to the Financial Statements for the Year Ended 30 June 2023 S Expenditure on charitable gctivilies Unrestricted funds General Total rund5 Establishment costs Office expenses Charitable donations Royalties Sundry expenses Bank charges Depreciation Repairs Goods for resale 3,654 2,895 51,021 2,360 190 435 3.654 2,895 51,021 2,360 190 435 494 2,464 893 494 2,464 893 Total for 2023 64.406 64,406 Total for 2022 23,417 23,417
Radio Cracker Ballymena Notes to the Financial Statements for the Year Ended 30 June 2023 Total expenditure 6 Net incomin0Utg0lng resourc Net outgoing resources for the year include- 2023 2022 Depreciation of fixed assets 494 402 7 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any other benefits from the charity during the year. 8 Taxation The charity is a registered charity and is therefore exempt from taxation. 9 Tangible fixed assets Furniture and equipment Total Cost At l July 2022 Additions 4,110 825 4,110 825 At 30 June 2023 4,935 4,935 Depreciation At l July 2022 Charge for the year 3,909 494 3,909 494 At 30 June 2023 4,403 4.403 Net book value At 30 June 2023 532 532 At 30 June 2022 201 201 Page 11
Radio Cracker Ballymena Notes to the Financial Statements for the Year Ended 30 June 2023 10 Debtors 2023 2022 Prepayments Other debtors 1,679 1,547 121 1,679 2,668 I I Cash and cash equivalents 2023 2022 Cash at bank 4,389 5,399 12 Funds Balanee at I July 2022 Incoming resources Resources expended Balanee at 30 June 2023 Unrestricted funds General 8,268 62,738 (64,406) 6,600 Balance at I July 2021 Incoming resources Resources expended Balanee at 30 June 2022 UnrestrR¢led funds General 10,540 21,145 (23,417) 8,268