Charity registration number NIC105020
Company registration number N1601965 (Northern Ireland)
DRIVE 105 FM COMMUNITY RADIO LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

DRIVE 105 FM COMMUNITY RADIO LTD
CONTENTS
Page
Charty Information
Trustees, report
Independent examine¢s report
Statement of financial activrties
Balance sheet
Notes to the financial stalements
9-16

DRIVE 105 FM COMMUNITY RADIO LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
Richard Moore
Linda Evers Cheung
Tara Evers Cheung
Michael J Kielty
Ursula Moore
Emmett Dohety
(Appointed 4 May 2023)
Secretary
Richard Moore
Charity number
NIC105020
Company number
N1601965
Registered office
2 St Joseph's Avenue
Abercom Road
Dery-Londonderry
BT48 6TH
Independent examiner
Moore (Nl) LLP
21123 Clarendon Street
DerylLondonderry
BT48 7EP
Bankers
Danske Bank
Donegall Square West
Belfast
PO BOX 183

DRIVE 105 FM COMMUNITY RADIO LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2023
The trustees presenttheir annual report and finan￿al statements forthe year ended 31 January 2023.
The financial statements have been prepared in ac¢ordants wrth the accounting policies set out in note 1 to the
rinancial slalements and ¢omply wtth the charity's governing document, Ihe Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 102) (effedive 1 January 2019)".
Objectives and activities
Drive 105 FM Community Radio Ltd is a not for profft. cross community radio station. We host a wide range of
shows focusing on providing entertainment ranging from the late 1960's to present day, promoting and
developing the Arts locally, providing a forum that enables debate around current local issues and acting as a
voice of the communty reflecting the multi-cultural society that we live in. The objects of the company as staled
in the Memorandum & Articles of Association are restricted to the following..
To promote for the benefit of the people of Northern Ireland the provision of Community Media. in all its
foms, as cultural, recreational and educational facilities for individuals and groups, particularly those in
need by reason of Iheir age, disablement. financial hardship or soual and economic ¢ircumstan¢e5, in
the interest of social welfare and with the object of improving the life of Ihe said persons,.
To advance education. the provision of educats'on and aC￿sS to education in particular vocational
education and training in media skills and work..
To promote and advan￿ such other charitable objects as may from time to time be detemined by the
members of the company,. and
To educate and train people in broadcast, technical and joumalistic skills to enable them to seek
employment in these fields or otherwise benefit.
The trustees have paid due regard to guidance issued by the Charty Commission in deciding what activities the
charity should undertake.
The servic& has bèen broadcasting 24 hours per day, 7 days per week since 27th January 2009. Wrth our
increased capacity, our outside broadca51 recording and editing capabilities and daily discussion programme, our
engagement with the community has continued to grow.
In 2022 Drive 105 successfully applied to Ofcom for a licence to broadcast on the new Small Scale OAB {SSDI
multiplex in the Northwest area. sin￿ August 2022 we have been broadcasting on the SSD platform as well as
on FM. This has significantly increased our coverage area and our ability to engage with a wider audience. In
particular we are now broadcasting in Strabane, Co. Tyrone which, up to August last year was beyond our FM
coverage.
We continue to cover a wide variety of issues induding,. politics, community relations. business, local and
internalional charities, sport, health. entertainment.
For 14 years, Drive 105 has played an integral part in all aspects of community lrfe throughout the entire area.
Through our various programmes we have reflecled the views. news and issues affecting our local community as
well as playing classics from the 60's, 70's 80,5 90's and present day. Significantty. we have also been a vehicle
through which community groups, charities, businesses and the arts have been able to promote themselves. This
level of engagement will continue to grow. particularly in our new coverage areas.

DRIVE 105 FM COMMUNITY RADIO LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2023
Public benefit
The benefrt which flows from the provision of communty media, in all its foms, as cultural, recreational and
educational facilities is that individuals and groups. particularly those in need by reason of their age, disablement,
financial hardship or social and economic circumstsnces will have improved qualty of life and have a sense of
community.
Over the last 14 years, we have continued to play an integral part in all aspects of community lrfe Ihroughout the
entire area. By covering a wide variety of issues including., politics. community relations, business, local and
global affairs. sport. health, entertainment. we are keeping local people in touch with what's happening in their
area. This is particularly important for older members of the community, or those who are housevbound and those
suffering socialleconomic hardship, who gain a sense of community engagement by listening to the service.
Drive 105, through dedicated wee￿Y shows. continues to showcase local talent and sport. Throughoul our daily
programming we have a variety of discussion shows focusing on local issues, news and views. This is evidenced
by our high number of listeners and the number of outside broadcasts thal we carry out. We continue to
broadcast live from many communty events throughout the cty including, festivals, sports events at senior and
junior level, political events etc.
The station has provided an essenlial service to the city and more speafically through our outside broadcasts
has given a unique opportunity to communty groups and services to engage, share and dialogue with the local
community.
The benefits which flow from advancing education and the provision of education and access to education in
particular vocational education and training in media skills and work is that we are able to train people in
broadcast, technical and joumalistic skills to enable them lo develop pra¢ti¢al experience and skills that will help
give them the confidence and capability lo seek employment in these or related fields. The benefits which flow
from promoting and advancing other charitable objects a5 may from time to time be detemiined by the members
of the company, is that we are not restricted by our objeds but rather have the flexibility to promole other
charitable purposes as from time-to-time arise and have arisen, for example, promoling citizenship and
community development or advancing the arts. We recognise that any future work must be for one of the ￿e1ve
charitable purposes as outlined in the Charities Ad.
Volunteers
Charitable activities a￿ carried out by volunteers and there are no staff employed by the charity. Since the
station was launched in 2009, approximately 600 volunteers have participatèd at various levels in Drive 105,
developing Skills in prodtjcing, presenting. researching, recordinglediting. ICT, secretarial skills and fiJndraising.
Drive 105's ethos is access to all and we are delighted to say that we have volunteers reprèsenting all aspects of
the local community-
Achievements and perfomiance
Drive 105 has successfully managed to maintain a valuable communty radio service for the last 14 years in Ihe
DerrylLondonderry area. Our abilty lo secure a CDSP licence to broadcast on the SSD platfom enabling us to
increase our coverage into a wider geographical area and reach new audiences is a reflection of the success of
the service. We look forward to the opportunities this enhanced coverage provides. We continued to develop and
enhance our coverage of local sport and in particular lasl year we successfully broadrasted every Derry City
Football match Live. including their European Fixtures.
The interest in volunteering has continued to grow this year, with the recruitment of a variety Df volunteers. To
date, we have trained approximately 600 volunteers. They have gained skills in= Ihe technical aspects of setting
up and delivering outside broadcasts.. they continLAe lo gain a variety of skills in presenting, producing, recording
and editing as well as developing IT skills. Community Radio has proven lo be an excellent format through which
our volunteers get the opportunty to engage with and learn about a variety of local issues.

DRIVE 105 FM COMMUNITY RADIO LTD
TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2023
As well as securing a CDSP licence, we have been successful in seturing fvnding from a variety of sources after
engaging the services of a fundraising agency. Where our income from advertising has not grown to the extent
we hoped for, we continue to secure regular income from local businesses for advertising. The adverse
economic environment and significant rise in the cost of living has had a negative impact on our abilty to
increase our advertising income.
The trustees are fully aware of the need to develop other income streams. In 2023 we will continue to access and
develop our income stream from trusts and foundations as well as advertising. We have submitted a funding
application and if successfijl, we will be in a position to employ a business development manager [BDM]. As part
of the BDM role they will focus on increasing our income.
We will continue to review our running costs to ensure we are getting the best possible value for money.
Financial review
Total income for the year was £138,819. of which £117.540 rep￿sents services donated to the charity by
volunteers, £6,069 was generated from donations and legacies and £15.210 from charitable aclivrties.
Total expenditure by the charity was £145,945, all of which related to direct charitable activities. Of this amount
£117,540 represents an equivalent charge for income recognised in respect of ServI￿S donated to the charity by
volunteers.
The charity had net assets at the year-end of £8,188, of which £4,615 were held as restricted funds and £3,573
were unrestricted in nature.
Reserves policy
The Trustees consider it prudent to hold monies in reserve in the event that unforeseen circumstsnces should
lead to financial diffi¢ullies which might pul the future of its employment capaaty, users. welkbeing and general
charitable work in jeopardy.
The Trustees have examined the Charity's requirements for reserves in light of the main risks to the organisation
and established a formal policy which stipulates that free reseryes be maintained at a level which ensures that
the Charity's core activity could continue during a period of unforeseen drfficulty- Free reserves are defined by the
Trusteès as unrestricted income funds freely available for use as the charity so delermines and Ihereby excludes
any funds committed, invested in tangible fixed assets held by the chartty and restricted or designated funds.
It is the policy of the Trustees, that unrestricled fund5 which have not been designated for a specific use should
be maintained at a level equivalent to thrèe months expenditure. The Trustees consider that reserves al this level
will ensure that in the event of a significant drop in funding, they will be able to continue the charity's current
activities whilst consideration is given to ways in which addilional funds may be raised. Based on 2022123
expenditure (excluding non cash items such as volunteers ServI￿S in kind and depreciation) of £23,921 the
target level of reserves is £5,980. The charity's free reserves as at 31 January 2023 are in defiot in the amount
of £1,554. The Trustees conlinue to strive to build a minimum general level of reserves in accordance with the
target so that they will be able to continue the current activities of the charity. In the short term, the Trustees have
also considered the extent to which existing activities should be curtailed, should circuMstan￿S arise.
The trustees have assessed the major risks to which the charty is exposed, and are satisfied that Systems are in
place to mitigate exposure to the major risks.
Structure, governance and management
Drive 105 FM Communty Radio Ltd is a company limtted by guarantee and a￿pted as charitable by HMRC
under reference XT 21267. The company wa5 incorporated on 291h January 2010. The company was
established under a Memorandum of Association which established the objects and powers of the company, and
is governed by its Articles of Association. The liability of mernbers is limrted in that every member of the
tompany undertakes to contribute an amount not ex￿edIng £10 in Ihe event ofthe company being wound up.

DRIVE 105 FM COMMUNITY RADIO LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2023
The trustees, who are also the directors for the purpose of company law. and who served during the year and up
to the date of signature of the financial statements were".
Richard Moore
Linda Evers Cheung
Tara Evers Cheung
Michael J Kielty
Ursula Moore
Ashley Young
Emmett Dohety
(Resigned 19 April 2023)
{Appointed 4 May 2023)
Recruitment and appointment of the Trustees
The Directors of the company are also charity Truslees forlhe purposes of Charity law. Underthe requirements of
the Memorandum and Articles of Association unless Otherwise determined by the company in General Meeting
the number of Trustees shall not be less than three and is not subject lo any maximum. Trustees are elected to
serve only until the next Annual General Meeting, at which they shall then be eligible for re-election.
All members of the Board of Trustees give their time voluntarily and re￿iVed no benefits from the charity.
ststement of trustees. responsibilities
The Iruslees, who are also the directors of Drive 105 FM Community Radio Ltd for the purpose of company law,
are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law
and United Kingdorn Accounting Standards {United Kingdom Generally Accepted Accounting Pradice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including
thè income and expenditure. of the charitsble company for thai year.
In preparing these financial statements, the trustees are required to..
select Sultable accounting policies and then apply them consistently;
obseNe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent- and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose wtlh reasonable accuracy at
any timè the financial position of Ihe charity and enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and delection of fraud and other irregularities.
The trustees, repo
s approved by the Board of Trustees.
Richard Moore
Trustee
Dated-. 13 June 2023

DRIVE 105 FM COMMUNITY RADIO LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DRIVE 105 FM COMMUNITY RADIO LTD
We report on the accounts of the charity for the year ended 31 January 2023, which are set OLrt on pages 7 to 16.
Respective responsibilities of trustees and examiner
The trustees, who arè also the directors of Drive 105 FM Community Radio Ltd for the purposes of company law,
are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006.
Having satisfied ourselves Ihat the charity is not subject to audit under company law. and is e5igible for
independent examination, it is our responsibility to=
examine the accounts under section 65 ofthe CharitiesAct
(li} follow the procedures laid down in the general directions given by the Charity Cornmission for Northern
Ireland under section 65(9llbl of the Charities Act
lili) state whether particular matters have come to our attention.
Basis of independent examinerfs report
WÈ have examirsed your charity accounts as required under section 65 of the Charities Ad and my examination
was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland
under section 65(9)Ib} of the Charities Act. The examination induded a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also included consideration of any
unusual items or disclosures in the ac¢ounts, and seeking explanations from you as charity trustees concerning
any such matters.
Our role is to stste whether any material matters have come to our attention giving us cause to believe-
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not Comply wilh the accounting requirements of section 396 of the Companies Act 2006
and with the methods and principles of Ihe Charities Slalement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢
of Ireland
4. That there is further information needed for a proper understanding of the accounts to be reached.
Independent examTnerfs statement
We have completed our examination and have no concems in resped of the matters (11 to (4) listed above and.
in connection with following the Directions of the Charity Cofflmission for Northem Ireland, we have found no
matters that require drawing to your attention.
Moore (NII LLP
Chartered Accountants Ireland
21123 Clarendon Street
Derry/Londonderry
BT48 7EP
Dated.. 13 June 2023

DRIVE 105 FM COMMUNITY RADIO LTD
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY2023
Unrestricted Restricted
funds
funds
2023
2023
Total Unrestricted
funds
2022
Restricted
fvnds
2022
Total
2023
2022
Notes
Income from:
Donations and legacies
Charitable aGtivities
119.289
15,210
4.320
123,609
15,210
140,894
9,254
6,525
147,419
9,254
Total Income
134,499
4,320
138.819
150,148
6,525
156,673
enditure on:
Charitable activities
142,780
3,165
145,945
139.273
6,265
145,538
Net lexpenditurellincome for
the yearl
Net movement In funds
(8,2811
1.1S5
17,126)
10,875
260
11,135
Fund balances at 1
February 2022
11,854
3,460
15,314
979
3,200
4,179
Fund balances at 31
January 2023
3.573
4,615
8.188
11,854
3,460
15,314
The statement of financial activities includes all gains and losses ￿cOgnised in the year.
All income and expenditure dertve from continuing aclivities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the CompaniesAct 2006.

DRIVE 105 FM COMMUNITY RADIO LTD
BALANCE SHEET
ASAT31 JANUARY2023
2023
2022
Notes
Fixed assets
Tangible assets
4,199
6,126
Current assets
Debtors
Cash at bank and in hand
5,880
2,466
10,388
8,346
10,388
Creditors: amounts falling due within
one year
10
14,357
(1,200)
Net current assets
3,989
9,188
Totsl assets less current liabilities
8,188
15,314
Income funds
Restricted funds
Unrestricted ftjnds
11
4.615
3,573
3,460
11,854
8,188
15,314
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for the year ended 31 January 2023.
The directors acknowledge their responsibilities for complying wtlh the requirements of the Companies Act 2008
with respecl to accounting records and the preparalion of financial statements.
The members have not required the company to obtsin an audit of its financial stalemenls for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial sta
ents were approved by the Trustees on 13 June 2023
Richard Moore
Trustee
Ursula Moore
Trustee
Company registration number N1601965

DRIVE 105 FM COMMUNITY RADIO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY2023
Accounting policies
Charity information
Drive 105 FM Community Radio Ltd is a private company limited by guarantee incorporated in Northern
Ireland. The regislered 0)T1￿ is 2 St Joseph's Avenue. Aberts)m Road, Dery-Londonderry, BT48 6TH.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's goveming document, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Stalement of Recommended Practice
applicable lo charities preparing their accounts in accordan￿ wrth the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland {FRS 102) {effective 1 January 20191" The charity is a Public
Benefit Entty as definecl by FRS 102.
The charity has takèn advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not lo prepare a Slalement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charty. Monetary
amounts in Ihe5e financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concem
The trustees are fully aware of the need to develop other income streams to ensure the long terni
sustainability of the charity. We are proactively exploring funding opportunities through grant making bodies
and trusts and foundations. We will continue to review our running costs to ensure we are getting the best
possible value for money.
At the time of approwng ihe financial slatements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitsble funds
Unrestricted funds are available for use at the discretion of the trustees in fijrtherance of their charitable
objectives.
Restricted funds are subjecl to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Income is recognised when the charity is legally entitled to it after any perfomance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be re￿ived.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been nolified
of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Donated services are recognised as income when the charity has control over the service, any conditions
associated with the donated service have been met. the receipl of economic benefft from the use by the
charity of the service is probable and thal economic benefit can be measured reliably. In accordan￿ with the
Charities SORP IFRS 102), general volunteer lime is nol recognised.
On receipt, donated serVi￿S are recognised on the basis of the value to the charity which is the amount the
charity would have been required to pay to obtain serVI￿S of equivalenl economic benefit on the open
market. This amount is estimated based on hours worked and hourfy rates provided by communications
regulator Ofcom. A corresponding amount is then recognised in expenditure in the period of receipt.

DRIVE 105 FM COMMUNITY RADIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
Accounting policies
{Continuedl
1.5 Resources expended
Expenditure is recognised On￿ there is a legal or constructive obligation lo make a payment to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure is incurred.
Expenditure on charitable aclivilies includes the costs of services undertaken to fvrther the purposes of the
charity and their associated support costs.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently rneasu￿d at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over Iheir
useful lives on Ihe foSlowing bases=
Broadcast equipment
Motor vehicies
20°A straight line
250/0 Straight line
The gain or loss arising on the disposal of an asset is delemiined as the difference be￿een the sale
proceeds and the carrying value of the asset, and is recognised in the stalemenl of financial activities.
1.7 Impainnent of fixed assets
At each rèporting end date. the charty reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists. the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimient
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the tharty's balance sheet when the charity becomes party to the
contractual provisions of the inslrumenl.
Financial assets and liabililies are offset, W5th the nel amounts presented in the financial slalements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and sèttle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price inclLtding transaction costs and arè subsequenlly carried at amortised cost using the
effecttve interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fulure receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
10-

DRIVE 105 FM COMMUNITY RADIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUAR Y 2023
Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities. including credttors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instrument 15 measured al the pre5enl
value of the future payments discounted at a markel rate of interesL Financial liabililies dassified as payable
within one year are not amort15ed.
Debt instruments are subsequently carried al amortised ¢ost. using the effectNe interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabililies if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequentty measured at amortised Cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Taxation
The company is a charty and is recognised as such by HM Revenue and Customs for taxation purposes
under the charity lax reference XT 21267. A5 a resum, there is no liabilty to taxation on any of its income.
Critical accounting estimates and judgements
In the application of the charity's accounling policies. the truslees are required to make judgemenls, estimates
and assumptions about the Carrying amount of assets and liabilities thal are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experients and other factors that
are considered to be relevanl. Actual results may dnyer from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimate5 are recognised in the period in which the estimate is revised where the revision affects only Ihat
period, or in the period of the revision and future periods where the revision affects both Current and future
periods.

DRIVE 105 FM COMMUNITY RADIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
Donations and legacies
Unrestricted Restricted
funds
funds
Total Unrestricted
fijnds
Restricted
funds
Totsl
2023
2023
2023
2022
2022
2022
Donations and gifts
Donated goods and
services
1.749
4.320
6,069
20.454
6.525
26,979
117,540
117,540
120,440
120,440
119,289
4,320
123,609
140.894
6.525
147,419
Donations and gifts
Department for
Communities COVID-19
Charities Fund
Halifax Foundation
The National Lottery
Community Fund
The Honourable The Irish
Society
Ofcom Community Radio
Grant Fund
Other
6.799
6,799
5,200
5,200
10,000
10,000
1.325
1,325
4,320
4.320
1,749
1.749
3,655
3,655
1.749
4,320
6,069
20,454
6,525
26,979
Donated goods and services
Broadcasting and other services associated with operating a radio slation are carried oul solely by volunteers.
Services provided include producing, presenting. researching, recording and editing. ICT. fundraising and
adminislation. The value of these services to the charty is estimated at £117.540. The estimated value of
these services is recognised within incoming resources as a donation. and an equivalent charge included
within charitable expenditure.
Charitsble activities
Provision of Provision of
community community
media
Media
2023
2022
Advertising income
15,210
9,254
12-

DRIVE 105 FM COMMUNITY RADIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
Charitable activities
Provision of Provision of
community community
media
media
2023
2022
Depreciation and impaiment
Volunteers SeNices in kind
Broadcasting costs
Consultancy costs
Premises costs
Office administration costs
Commission
Equipment and mainlenance costs
General expenses
Motor running costs
1.927
117,540
5,548
2,100
8,440
4,938
2,944
480
695
1,333
2,429
117,540
5,054
1,800
6,855
4,344
2,688
2,094
550
2,184
145,945
145,538
Analysis by fund
Unrestricted funds
Restricted funds
142,780
3,165
139,273
6,265
145,945
145,538
Trustses
None of the trustees (or any persons conneded with them) received any remuneration or benefits from the
charity during the year.
Employees
Charitable aclivitses are carried out by volunteers and there are no staff employed by the charity.
2023
Number
2022
Number
Total
There were no employees whose annual remuneration was more than £60,000.
13-

DRIVE 105 FM COMMUNITY RADIO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
Tangible fixed assets
8roadcastlJJotor vohicles
èquipment
Total
Cost
At 1 February 2022
46,358
2.900
49,258
Al 31 January 2023
46,358
2,900
49,258
Depreciation and impainnent
At 1 February 2022
Depreciation charged in the year
42.407
1.202
725
725
43,132
1,927
At 31 January 2023
43,609
1,450
45,059
Carying amount
Al 31 January 2023
2,749
1,450
4,199
At 31 January 2022
3,951
2,175
6,126
Debtors
2023
2022
Amounts falling due within one year:
Advertising debtors
5,880
10 Creditors: amounts falling due within one year
2023
2022
Accruals
4.3S7
1,200
14-

cr5
UWCL
£J
LLffj 0￿0

DRIVE 105 FM COMMUNITY RADIO LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
12 Analysis of net assets between funds
Unrestrlcted Restricted
funds
funds
Totsl Unrestricted Restricted
funds
funds
Totsl
2023
2023
2023
2022
2022
2022
Fund balances at 31
January 2023 are
represented by-.
Tangible assets
Current assetsllliabilities)
1.804
1.769
2,395
2,220
4,199
3.989
2,666
9,188
3,460
6,126
9,188
3,573
4,615
8,188
11,854
3.460
15,314
13 Related paty transactions
There were no disclosable related party transactions during the year (2022 - none).
16-