DRIVE 105 FM COMMUNITY RADIO LTD
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 JANUARY2023
The trustees presenttheir annual report and financial statements forthe year ended 31 January 2023.
The financial statements have been prepared in accordan￿ with the accounting policies set Otrt in note 1 to the
financial statements and comply with the charity's governing document. the Companies Act 2006 and
"Accounting And Reporting by Charities". Statement of Recommended Ptactice applicable to charities pr&p2ring
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (effective 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
Elev￿l￿pIr1g the Arts locally, prowding a forum thai enables OeL)ate around current local issues and acting as a
voice of the community reflecting the multi-cuitural society that we live in. The objects of the company as ststed
in the Memorandum & Articles of Association are restricted to Ihe following=
To promote for the benefit of the people of Northern Ireland the provision of Community Media. in all its
forms, as cultural, recreational and educational facilities for individuals and groups. particularly those in
need by ￿sSon of their age, disablemenl, financial hardship or so￿al and economic circumstsnces, in
the interest of social welfare and with the object of improving the life of Ihe said persons,-
To cidvdnGe education, the provision of education and access to education in particular vocatlonal
education and training in media skills and work..
To promote and advan￿ such other tharitable objects as may from time to time be detemiined by the
members of the company,. and
To educate and Irain people in broadcast, technical and Joumalislic skills to enable them to seek
employmenl in these fields or othernvise benefiL
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
tharity should undertake.
The service has been broadcasting 24 hours per day, 7 days per week since 27th January 2009. Wrth our
increased capacity. our outside broadcast recordirig and editing capabilities and daily discussion programme, our
engagement wilh the community has continued to grow.
In 2022 Drive 105 successfully applied to Ofcom for a licence to broadcast on the new Small Scale DAB [SSDI
multiplox in tho Northwe-
-t area. sin￿ August 2022 we have been broadca-ting on thc SSD platform as well a5
on FM. This has significantly increased our coverage area and our ability to engage with a wider audien￿. In
particular we are now broadcasting in Strabane. Co. Tyrone which, up to Augu5t13st year was beyond our FM
coverage.
We continue to cover a wide variety of issues indudino.. politics, community relations. business, local and
intemational charities, sport, health, entertainment.
For 14 years, Drive 105 has played an integral part in all aspects of communty lrfe throughoLrt the enkn-re 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's 90's and present day. Significantty. we have also been a vehicle
through which community groups, charities. businesses and the arts have been ablè to promote themselves. This
level of engagement will continue to grow. particularly in our new coverage area5.

DRIVE 105 FM COMMUNITY RADIO LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2023
Public beneflt
The benefrt which flows from the provision of communty media. in all its fonns. 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 economiG GifGumstanLes will lidve improved qualty of lrfe and have a sense of
community.
Over the l?st 14 years, we have continued to play an integral part in all aspects of community lrfe throughout the
entire area. By covering a wide variety of issues including., politics. communty relatlDns, 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 ofthe community, or those who are hOuS￿bOund and those
suffering sociaveconomic hardship, who gain a sense of comTI)uiiily eiigc5geiiierit by libtening to the 5eMce.
Drive 105. through dedicated weekiy shows, continues lo showcase local talent and sport. Throughoul our daily
programming we have a vanety ot discussion shows focusing on local issues, news and views. This is evidenced
by our high number of listeners and the number of outside broadcasts that we carry OLrt. We continue to
broadcast live from many communty events throughout Ihe cty induding, festivals, sports events at senior and
junior level. political events etc.
The station has provideLI an essential Servi￿ to the uty and more speafically through our outside broadcasts
has given a unique opportunity to communty groups and semces to engage, share and dialogue with Ihe local
community.
The benefits which ftow from advancing education and the provision of education and ac￿SS to education in
particular vocational education and training in media ski115 and work is that we are able to train people in
broadcast. technical and joumalistic skills to enable them lo develop praclical 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 promoling and advancing other charilable objects as may from time to time be determined by the members
of the company, is that we are not restncte(J by our objects but rather have the flexibility to promote other
charitable purposes as from time-to-time arise and have arisen. for example. promotino citizenship and
community development or advancing the arts. We recognise that any firture work must be for one of the ￿e1ve
charitable purposes as outlined in the Charities Act.
Volunteers
Charitable activitie5 are Ca￿led out by volunteers and there are no staff employed by the charity. Since the
station was launched in 2009. approximately 600 volunteers have participated at various levels in Drive 105,
dÈvÈloping .gkillq in producing. pros@nting. researching, recordinglediting. ICT, 52cretarial skills and ftJn(Jraising.
Drive 105's ethos is access to all and we are delighted to say that we have volunteers representing all aspects of
the local community-
Achievements and perfomiance
Drive 105 has succegsfully m3n3ged to maintain a valuable communty radio Servi￿ for the last 14 years in the
DerrylLondonderry area. Our abilty to secure a CDSP licence lo broadcast on the SSD platform enabling us to
iiicieasg oui wverdge into a wi(Jer geogtaphical area and reach new auaiences is a reflection of Ihe success of
the service. We look forward to the opportunities this enhan￿d coverage provides. We continued to develop and
enhance our coverage of local sport and in particular lasl year we successfully broadcasted every Derry City
Football match Live. including their European Fixtures.
The intèrèst in volunteerin9 has continued to grow this year, the recruitment of a variety of volunteers. To
date, we have trained approximately 600 volunteers. They have gained skills in: the technical aspects of setting
up and delivering outsi￿e bioddLclSts". tliey continue to gain a variety of skills in presenting, producing. recording
and editing as well as developing IT ski15s. Community Radio has proven to be an excellent formal through which
our volunteers get the opportunty to engage wtth 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 securing ftjnding from a variety of sources after
engaging ihe 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 ancl significant nse in the cost of Iiwng nas had a negattve 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 conlinue to acces5 and
develop our income stream from trusts and foundations as well as advertising. We have submitted a funding
application and if Suc￿sSfUl, we will be in a position to employ a business development manager IBDMI. As part
of the BDM role they will focus on increasing our income.
We will continue to remew our running costs to ensure we are getting the best possible value for money.
Financial rcview
Total income for the year was £138.819. of which £117.540 ￿p￿sents services donated to the charity by
volunteers, £6,069 wa5 generated from donations and legaaes and £15.210 from charttable adivrbes.
Total expenditure by the charity was £145.945, all of which related to direct charilable a¢tivtties. Of this amount
£117,540 ropregènts an aquivalent charge for income recognired in respect of serviGev donated to the charity by
volunteers.
The charity had net a5set5 at the year-end of £8,188. of which £4,615 were held as resthcted funds and £3,573
were unrestricted in nature.
Reserves policy
The Truslevs LuiibidEI it prudent to hold tnonie5 in resetve in the evenl that unforeseen circum5tance5 Should
lead to financial difficulties which might put the fijlure of its employment (2pa¢ity. users, well-being and general
charitable work in jeopardy.
The Trustees have examined the chartvs requirements for reserves in light of the main risks to the organisation
and estab115hed a formal policy which stipulates that free resetves be maintained at a level which ensures thal
the charity's core activity could continue during a pertod of unforeseen dtfficulty- Free reserves are defined by the
Trustees as unrestricted income fvnds freely available for use as the charity so determines and thereby excludes
any funds committed, invested in tangible fixed assets held by the chartty and restricted or designated fijnds.
It is the policy of the Trustees. that unrestricted funds which have not been designated for a specific use should
be maintained at a level equivalent to three months expendilure. The Trustees consider that reserve5 at this level
will ensure that in the event of a significant drop in ftjnding, they will be able to continue the charty's current
aclivtties whilst consideration is oiven to ways in which additional funds may be raised. Based on 2022123
expenditure (excluding non cash items such as volunteers ServI￿S in kind and depreciation) Df £23.921 the
targat level of rèserves is £5,980. The charity's free reserves as at 31 January 2023 are in deficit in the amount
of £1.554. The Trustees continue 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 exient to which exisling aclivtties should be curtailed. should circumstances arise.
The trustees have aesegsed the major risk= to which the charity is exposed, and are satisfied that .
place to mitigate exposure to the major risks.
-tems are in
structure, governance and management
Drive 105 FM Communty Radio Ltd is a company limited by guarantee and a￿pted as charttable by HMRC
under reference XT 21267. The company was incorporated on 29th January 2010. The company was
established under a Memorandum of Association which estsblished the objects and powers of the company, and
Is govemed by -Ets Articles of Association. The liability of members is limited in that every member of the
company undertakes to contribute an amount not exceeding £10 in the event ofthe company being wound up.

DRIVE 105 FM COMMUNITY RADIO LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY2023
Tre 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
T2r2 Evers Chèung
Michael J Kielty
Ursula Moore
Ashley Young
Emmett Dohety
{Resigned 19 April 2023)
(Appointsd 4 May 2023)
Recruitment and appointrnent of thÈ Trustèe
The Directors of the company are also charity Truslees forthe purposes of charity law. Underthe requirements of
thè Memorandum and Article- of Association unless otherwise detemined by the company in Ceneral Meeting
the number of Trustees shall not be less than three and is not subject to any maximum. Trustees are elected to
seNe only until the next Annual General Meeting. al which they shall then be eligible for re-election.
All members of the Board of Twstees give their time voluntarily and re￿iVed no benefits from the charity.
ststement of trustees. responsibilities
The trustees: 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 Untted Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practi￿).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of Ihe Ghaiily ciiid uf tlie incoming re50uices and application of re50urce5, including
the income and expenditure. of the charttsble company for thai year.
In preparing these financial statements, the trustees are required to-.
select 5Ultable accounting policies and then appty them consistently-
observe the methods and prtnciples irb the Charities SORP.
make iuogements and estimates that are reasonable and prudent" and
prepare the financial ststements 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 accuTaGy at
any time the financi81 position of Ihe charity and enable them to ensure that the financial statements comply with
tne Companies Act 2006. They are also responsible tor sateguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other i￿egula￿ties.
The trustees, repo
as approved by the Board of Trustees.
Richard Moore
Trustee
Dated-. 13 June 2023