Charlty reglstRlon number: SC012048 Hospitsl Radio Perth known as careUnd R10 Annual RepM)rt and Flnandal Ststements for the Year Ended 31 December 2025
Hospital Radio Perth known as careUnd Radio Contents RefererKe and P4JmlnlstTative Detslls 2to5 IT¥JeFfjent Exami$ Re Ststsmert of narjaI PLtMtles Balan t Notes to Ihe nala[ Statememts ioto19
Hospital Radlo Perih known as Caresound Radio Reference and Administrative Detsils Trustees Steven Robb John Watson, Chalmian Peter Drurnmond-Hay Corrado Mdla Ajlce Watson Carollne Ccoper Ajlstalr Smlth exander Murphy Perth Royal Infirmary Taymount Terrace Peth PHI INX Prlndyl Offlc• Charlty Reglstratlon Number SC012048
Hospital Radlo Perth known as Caresound Radio Trnstees. Report The trust present the annual reFQrt tcgether wlth the flnandal statements of the charity for the year end&8 31 Drnt 2025. The flnanaal 5tstements have been prepartrj In accordance wlth the accounyng p)Ildes set out In note I to the finanoal ststements arKI comply with the Charity's foundlng doaJmenL applicable law and the Statement of RKommended Pratt], "Accountlng and RewrtSng by tharities" applicable to a)aribes pparirKj their accounts In accordan with the Firk8noal Reporting Stsndard applicable in the UK an¢J Republlc of Irdand IFRS102) (effectrve l January 2015). The Asscdaljon, whlth is a rCniS drity in Scotland, is govemed by its con5titubon and njles. The management of the Asscdation Is the resp)n%try'Sity of the Committ memtrers who are elected aTrJ co-opted under the temis of lthe consOtuVon. The objects of the Organlsayon a to entertaln by pdIrj a broadcasOrwJ sce to hospltsls In Perth and nrO$s, and to Ca homes Insittuttons and to: Ple programmes of Interest to Iwltsl paents a1 the elderly, ¢Jlsabled, infim, anxlous and Isolated, . PrOe a promotirrfJ mentsl and phwcal health, wellbelrfj and )$ve ageirKJ. Coorerate wlth other organlsations pdIng a slmllar sece nayonalty and inttrnationalty.
Hoswtsl Radlo Perth 2025 was a year of prc4Jw for Ihe organiSab as more n&¥ began tJoadcasttrKJ, and I broadcasting (as opposed to aUt(nated broalcasbr¥J) again grew nNiiWIy. Memberthp number5 0)ntinj to wlth the rethnt In admln arx1 tralning. Programme spJnsor5hip has again ial with rerWaI ty all ¥Kwrs and ts¥o new supporters have been add8J. There Is still the consideraL4e chal of Lylrvjlro ts (janIsati1)'s Fdloes and gulddirEs d(ments up to date and 9JbstsnUal w(¥k has carried wt the year. This rerrsains a In prtyJre55. Llalson the vartous brathes of NHS Tayside rwnains and reV rdauonships b debOl wth many Iwlth olarities arnl organi53tion& Uaison woth care homes has 0)nts"nl the ¢yganlsation n(Mf troadcasts regularly tr) 30 care homes and a further 12 sed h>J9rwJ c(nexe In additim severdl rrmbers rK)w 51t me of the c3 fKynes wularty, arKI cdknt WLESts. the year the cAganisati has been pavirrfj way Irj a hjw tA)w R4 radlo seM to Perth Royal Infimwry arKI Murrdy Royal H(. This 11 be an ewgve vlll requi detailed dixusgon a1 auth)rity from OFC(X4. The tsatIon LS tskn'rg time to en that tt ult is successfvS whilst remainiro wthin WeL While xDal m&lia inttrxtion has ITea5j mark£dty, organlsakn needs to how It publioses its ser both within PwAtals Sew aThJ this should be ajdressed in the xt Pur(hases of Itams from the 01$at1.$ twe been limtta1 Lmjt Ste and tethaps reflts tr high cost of vlhiol are m to der. The organisatK)n has bro&knst commentary from St Johnst[e hcme game Sin 199). The relationship with the dub has re from to strw aThl the Cryanisatic is treated in same way as the mainstream media. Cr year the organis3tion markA NmemLLS sla1 &onts, ts most rthtrAe teirKJ a full day broadcast from Perth HighlaTrJ Games a1 a crjmplete lyr(ta of tre Perth 125 festival. A ma))ty of the 0ryan1satiL s Mts¥$, numerous gu&s were dellghtal to attend a 0C cepoon In the spriry wtwe oryaniSab was award8J rj s Award For Voluntsry *Wi. After an abs of sÉveral years the ganIsati three entries for the Ho¥ital Broathasting Association Awards. We were to be awarded a aTrJ a bmnTr award, whlle Georgie Williams won the award for inrK)vakn in hc6ptsI broakasti
Hwitsl Radio Perth known as Caresound Radio Flnandal re¥ithv Urtrrestrfcted FurK1s . the unre5trict8J fiJrts rekite to the fe reseNes of trE tharity. usey in tis thy to day otwavon. The AssLvJatOon estimate5 that £1.5CKJ represents approxlmatdy 6 tTh)ntts minimum malntaSnlrrfJ at least 6 rTr)rrttrts oatiCl is unricbJ Tesm are £3,954 (2024: £5,789) at year e. undertaken by tr A$ati. The reStTitt fiJTrts a £9,115 (2024: £9.8J3) at the year end. The charity does mt hold any invest organlsaOon aIrf to contlnLE forgiTr3 ratiOlp5 With health arKI health surwrt groups to able inf¢Mj intue4irvJ health arml ¥Ir broadcasbro. The organisats.on WOII Contin to vth tVarts obtsiniry a smaS1 scale FM rèjio licer6e that will enable tradibcfftal radlo rWiLm at trKth Perth Royal Infirnary and Mwray Royal HOS1. The oryjan1saon 11 Ctin[ erage firther (are 1KMs to take part in w ore home request The organlsatlon VAII work wlth NHS Tayyde variou5 fiJThlers to estat4ish Ihe feasitrflty of, orKJ eventsjalty instsll dlsablal ttylet fJilibes in thr premis The cryanis31ion I11 ojrrtfnue to tre NatiCal Hosptsl Wio Awanls as a Trthrts of ttKcvraging excdlence and [rnng the trrity. The cryanisaoon will Contin tD re¥ arKI its rKA#ies guKleiires dc¢J The ¢xganisation vrill continue to e>4)aThJ its livè broètsJrvJ hours arKI will c¢Ittin to wcffk towards a daily live breakfast programrrE. organisation t(Mard5 a iEtter scial nJIa ar other mettrKxl5.
H(witsl Radio Perth known as Careund Radio The annual repMNt was ar0fj the tjitsts of ttE charity 20 May 2026 aTrJ gell on Its behalf by: Joh Wats Trustee
Hospital Radio Perth l(nown as Caresound Radio ststement of Trustees, Responsibilities The trustees are rer&ble kryarirKJ Tru4eg Annu ReExNt arKt the flnandal ststements in )rdan wtth the mntir9 StsTrJard5 (Untsj Gewally Accepted knourstiro Practi) applicaLle law arJ rejukitiors. law apFlicaUe tu thare5 UireS to epa firwr#il Statern for eath finaTrJal year whidi gNe a a1 fair vieH of the state of affairs of tharity of the Ino)mlrrfJ resourts and aOKabon of rv3oUr of the dwty ts tst perirjj. In preparfry finan(ial ststements,the trust are required to: . obseNe ttE nEitrL¥ts arvj T¥j[e5 In tr Charttyes 9)RP: ' State whether applOcaL4e Kwntir¥J sLandarts have Len folto5, ty to arry material departures d19Jos&J and exFlair in lthe finarKial ststemats. arKJ . prepare the ftnanrial Stotwnts gSrKJ bas unkn Is Inapprowate to presume that lthe chadty wlll COntir in 1rs% The trust*s are reSrrible for ke4Th.J KrountirrfJ reoxds that di9Jose with reasonab accuraLy at ary tirre t firkirKial tOn of tharity aTrJ enable thgn tt) ensure that the finaal ststements compty the tharibes arKI TnJ5tee Ient (ttal) Act 2005, the thartbes £counts (otIaTr) Regulakns 20( (a5 pwgons of the Tnjst Deed. The trustees are also safeguardiry the assets Lrf the tharity aThJ here for T¥j
Hospltsl Radio Perth known as Caresound Radio Independent Examlner's Report to the trustees of Hospital Radlo Perth I rermjt on the accounts of the tharfty for the year ended 31 Decemt*r 2025 whlch are set out on pages 8 to 19. Respecdve rn11b1IItIrf of trustw and •xamln¢r The thartvs trustees a re5pMJnslbie the kyeparauon of the accounts In accordance wlth the tems of the Charityes and Trustee Invesbnent (Scoljarxl) Act 2005 and the Charfues Accounts (kndand) Regulations 2006. The thartty's trustees conlder that the audlt requlrement of Regulatlon 10{l)(a) to (c) of the 2006 Accounts Regulaljons dces not apply. It Is my resFonslblllty to examlne the accounts as requlre(1 under Secyon 44(1)(c) of the kt and to state whether PacUlar matters have come to my attentlon. Ba•ls of Indepdent •x•mln•V• r•port My examlnauon was cathed out In accordance wlth Regulauon 11 of the Chartues Accounts (Scotlandl Reguladons 2006. An ejamlnatyon Indudes a reW of the aco)untyng records kept by the tharlty and a compartson of the accounts presentsd wlth records. It also Indudes ConsideraOn of any unusual Items or d49Josu In the accounts, and sedng explanatyons from you as trustees concemlng any such matters. The proceAures undertaken do rK)t pde all the eden that would be requ1 In an as1¢ and consequenty I do mt exp$5 an audlt oplnlon ¢)n the vlew glven by the accounts. Independent examIne5 statemwt In connecdon wlth my examlnatron, no matter has come to my attenOn. (l)whlth glves me reasoroble cause to belleve that In any matertal Fect the Nulrements: • to keep accountlng rrdS In accordance wlth Sethon 44(1)(a) of the 2005 Art and RegulaUon 4 of the 2006 Accounts Regulayons; and • to ppare accounts whlch accord wlth the aco)unYng records and compty wlth RegulatSon 8 of the 2006 Accounts Regulauons have not been met; or (2)to whlch, In my oplnlon, attenljon shcwld be drawn In order to enable a proper uThlerstaTrJlng of the to be reached. Peter YourKJ. B.K, C. Instttute of 0$arte Accou nts of Su)tland Morris & Y(NJng Chartered Accountsnts 6 Atholl crent Perth PHI 51N 20 May 2026 Page 7
Hospltal Radio Perth known as Caresound Radio Statement of Finanaal Activities for the Year Ended 31 December 2025 Total 2025 Total 2024 Income and Endow from: tkniations and legaoes Other tr)Jlng a(tIeS Totsl Incon 2,490 2,490 9,265 Raisng funds Charitsble activtues (186) (186) (50) Totsl expendibjre Net movement In (1,835) {688) (2,523) 4,505 ReconaliatSon of funds Totsl fiJThJs brought forward Total fiJTrts carr1ed forward io Totsl 2024 fiinds funds Income and End¢)wments from: [naonS and legades Other tradlrrfj VIve5 4,265 5,000 9,265 Total Income Expendlture on: RAisirKJ funds Charttable aCtiVe5 (50) (50) Total pjpendltu Net income 514 Net movement In fijnds 514 3,991 4,505 Recondllatlon of funds Totsl fiJThJs brought fonvard Totsl fvrKIs CaTried forward io l of the tharfvs actities derive from conljnulng operaonS durfng aix)ve tJ¥o periods. The fiJnds breakdown for 2024 Is shown In note 10. Page 8
Hospital Radio Perth known as Caresound Radio (Registratlon number: SC012048) Balan Sheet as at 31 December 2025 2025 2024 Flxed a8*ets Tanglble assets 6,675 7,413 Current asmts Cash at bank arKI In hand Nrt •s•¢ts Fund• of th• ¢h•rlty: Rmirlcted Incom• fund• 9,115 9,803 Unre•trkted Income fund# Unrestrlcted Income fvnds Totsl fund• The flnanclal statements on pages 8 to 19 were approved by the tr, and autr#)rts&J for IS on O May 2026 and Igned on thelr behalf ty: n Watson Trustee Page 9
Hospitsl Radio Perth known as Caresound Radio Notss to the Financial Statements for the Year Ended 31 December 2025 l Accountlng polldes 57atsment of compllance The finandal statements have txen prepared In )llIan vlth AccountirKJ and Reng by Charfttes.. Ststement of R0MMenda Pracoce applIcate to cywrities preparing their accounts in acrordance wtth the nan0a1 ReFQrtlng Standard appllcable in the UK and Republlc of Ireland (FR5 102) (effectlve l January 2015) (tharities SORP (FRS 102)), the nanaal Reporttng Stsndard applicable In the UK and Republic of IrdaThJ (FRS 102), the Charities and Trustee Invesbnent (kntland) Act 2005 and the CharfUes Accounts (WarKI) Regulations 21J)6 (as amendgj). Bas1$ of preparatlon Hospltal Radlo Perth meets the definIon of a pU1C benefit ety under FRS 102. Assets and flabll1es a iniYally recogn15aJ at hlstorical cost or transaction value unle55 Otherwise statèj in the levant accountlng pdlq notes. financial siatements a kyesented In 5terllng (£} rounded to the nearest £1 Golng concern The tnjstees cortsider that there are rKJ mtrial UreIne5 atKsut the ablllty to conljnue as a golng cOnm. Income and endowments Voluntsry income induding donavons. gift5, lejades aThJ grants that pde core fvndlro or are of a generdl nattjre is recognised when the charity has entlljement to the irme, It Is probable that the Income wlll be r1ve1 and the amount can te mea9Jred wlth suffioent reliabillty. Donation5 arKi legacie5 are recognlsed on a recdvable basls when rttdpt Is pmbable and the amunt can be rdiably measur&fj. Grants a recDJni58J when the tttarlty has an entitiement to the fu15 and ary cOlIOn5 Ilnkal the grants have bn met. whe perfon coThJifjons a attached to the grant and a yet to be met, the income Is r&wJni5ed as a liabllity aThJ IndLKbJ on the balare sheet as deftrred Income to te rdea5ed. Page 10
Hospital Radio Perth known as Caresound Radio Notes to the Financial Statements for the Year Ended 31 December 2025 Expendlture JI wenditure Is recognlsed On trre Is a legal or construrtlve obligation to that expenditure, it IS probable setdement Is rUired and the amount can be measured reliably. Al c05t5 are allaj b) the applicable expenditu heading that aggregate similar costs to that category. Where costs cannot be dirKdy attributeA to parts'cular headings they have been alIct8 on a basls COnStent wlth the Use of resour, wlth central stsff costs allocat8J on the basis of tlme swt, and deplation tharges allocated on the tthon of the asseys use. Other supp)rt costs a allcoted based on the spread of staff cosis. These a costs inLiJrr&l In attracting voluntsry Income, the management of investhents and those lrjrred in tradirvJ activities that raise fuThJs. tharitsble expenditure comp¥lses t1 costs Irurred by the tharlty In the dellvery of Its aLtreS and services for bts benefiaaries. It iludeS E4)th costs that can be allc¢3ted dlrecdy to SLKh acti'e$ and those costs of an indirect nature n&iry to yJpp)rt them. Jpport costs Indude ntral funthons and have been allctated to actIty cost categories on a basis consistsnt with the use of resources, f{ eXame. allccatyng proFety costs ty fkr areas, or per capita, staff costs by the time spent and other costs by their usage. Tanglble flxed assets Individual fixed assets a initially at cos¢ less any subSequt accumulated depredafjon and subsequent acojmulated impairment10sses. Depredatlon and amortlsation Depreaation is provided on tsThJible fixej assets so as to write off the cost valuation, Itss any estmat8J re&dual value, over their exFected u5efiJl eLorv3mic life as follows: Depredadon method and rate IS% reJudrvJ balan 15% redudrrfJ balan PAdio Equipment et£ Furni, Fittings & equipment Cash and cash equlvalents Cash and cash equivalents CCpriSe cash on hand and call deposits, and other short-tem high Ilquld investments that are readily convertible to a known amount of cash and are subject to an Inslgnificant risk of change in value. Page 11
Hospital Radio Perth known as Car£sound Radio Notes to the Financial Statements for the Year Ended 31 December 2025 Fund structure Unrestricted ir(ome funds are general fijnds that a avallable for use at the trustees's dI$on In furtheran of the obJecbves of the chartty. Resin'cted income fiJnds are those donated for use In a particular area or for sr*Jfic purposes, the use of which Is rethcted to that area or purpose. Page 12
Hospital Radio Perth known as Caresound Radlo Notes to the Flnanclal Ststements for the Year Ended 31 December 2025 2 Income from donatlon• and legado• Unrestslcted fund$ General 2024 fund• Gener41 Tot41 2025 fund* 2024 T¢)tsl 2024 DonaUons and legades; Donayorts from IrK11duaIs Le9acles Grants, IndLKllr¥J capltal grants; Grants from tharltles 2,4SYI 2,4 3,265 1,000 3,265 3 Incom• from other tradlng acilvltl•• Totsl 2025 Totsl 2024 Tradlng Income; Sales of gcojs and sem Page 13
Hospital Radio Perth known as Caresound Radio Notes to the Financial Statements for the Year Ended 31 December 2025 4 Amlysls of support costs Other rewurcm expended fund• Totsl 2025 funds [rurare Repalrs and maIntenae PAoadcastlThJ expenses 9JThJry Depredatlon 412 412 388 1,850 401 1,850 401 Page 14
Hospital Radio Perth known as Giresound Radio Notss to the Financial Statements for the Year Ended 31 December 2025 5 fi¢t Incomlngloutgoing resources Net {outgolro}Ilncomlry resour for the year IrKlude: 2025 2024 Depwation of fixed assets 6 TNstees remuneratlon and expenses During the year the tharfty mbje Ihe folk)wlng transacdons wlth tsustees: John Watson £Nil (2024: £118) of expenses were relmbursed to John Watson dut1rrfJ the year. C4xrado Mella £186 (2024: £916) of expenses We 1mbUr$&j to Corr7th Mdla duriro the year. EX[Se5 reimburseJJ were regarding merthandlse trust, nor any pern$ o)nnecied than, have received any remuneration from the tharity during the year. No trustees have recelwj any other benefits from the chartty dung the year. Page 15
Hospital Radio Perth known as Caresound Radio Notes to the Finandal Ststements for the Year Ended 31 December 2025 7 Taxation The chartty Is a reglstsred thaty and Is therefore exempt from tayAtion. 8 Tanglble flxed assels Furnltur¢ Other and tangible equlpment red asset Totsl At l January 2025 AddlOn5 16,893 270 44.785 61,678 At 31 December 2025 At l January 2025 Charge ts tre year At 31 December 2025 15,620 38,645 54.265 Net book value At 31 Dmber 2025 At 31 Dem 2024 9 Cash and cash ¢qulvalents 2025 2024 Cash at bank Page 16
Hospital Radio Perth known as Caresound Radio Notss to the financial Ststements for the Year Ended 31 Dember 2025 IOFunds Balanc¢ •t I J•nuary 2025 Balanc¢ at Incomlng Resourc•• 31 Deumber 2025 Unrestrttt (4,325) 3,9S4 stL¥Jio refurbishment Instsllat5on of alr cOndItrnJ Gannothy Tntst PKC. Whole Famlty W1 Fund Calmcmss Tnjst (368) (39) (171) 2,515 523 967 562 1,138 220 (iio) iio Total fvnd• Page 17
Hospital Radio Perth known as Care50und Radio Notss to the Finanaal Statements for the Year Ended 31 December 2025 B•l•n¢• •t i January 2024 Balance It Incoming Resources 31 December 2024 UntEthtt 5,275 459 {35) Studio refUoIshMert In5Lallation of air COlitIOn1rwj GanrKoly Tn PKC- Whcle Famity Wdbeirvj Fund 3,315 (432) (46) (201) 1.339 1,138 550 (330) 220 Total funds Page 18
Hospltsl Radlo Perth known as Caresound Radio Notss to the Financial Statements for the Year Ended 31 December 2025 The SfiC purw5es for whith trt a to be appl a as ftlltybs: The restdcted rdatlro to tre 91) arose dcmwljons from varlous OrganIsaOn5 to enatAe the upgrade of e$tirrfJ sknjlo aTh1 equlwienL The Is r#)w held to The restrfrted fu1 relatyrwJ to the IrstsllatlC of tr alr COOn1rj unlt arose from doThiYons to enable the Instsllatlon of the alr coThJltbonlrKJ unlL The fvThd Is rw)w to o)w the at value of the unlL The mw recd¥ed fr( Tr Gr£ty TnLSt was for vatlous supF4les arKI a carl recAveAI frcrfn PKC was Lrtlllslrwj tKOadCasU ¥%lthln the Ward of l>pJth MLYW re1Ved from PKC Whcle Famlly Welltelrq fvJrrtl was recdvej for a Laser Prlnter, Lamlnator arKI assodateAI SrI1eS )ver Murrny Rtyal Ho¥(rtal PRI funds Total funds 2025 fund• TarWJIe fixal assets Curnt assets 3293 661 6,675 Totsl rEt assets funds Total fund• 2024 fund$ TarKJtre flxed assets CUnt assets 7,413 Totsl r*t assets P&Je 19