CHARITY REGIST114TION NUMBER.. SC049942
COMPANY NUMBER. SC235969
Wester Ross Radio Ltd.
Trustees, Report and Unaudited Accounts
31 December 2025
AUDACIA LTD
Chartered Accountants
18 Stafford Street
Tain
Ross-shire
Scotland
IV19 IAZ

Wester Ross Radio Ltd.
Financial Statements
Year ended 31 December 2025
Page
Trustees, annual report
Independent examiner's report to the trustees
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the financial statements
io
The following pages do not form part of the finaneial statements
Detailed statement of financial activities
22

Wester Ross Radio Ltd.
Trustees, Annual report
Year ended 31 December 2025
The rrustees. who are also directors of the charity for the purposes of the Companies A¢t 2006, present their
report with the unaudited financial staternents of the charity for the year ended 31 December 2025.
The financial statements comply with The Charities and TTU5tee Investtnent (Scotland) Act 2005. the Charities
Accounts (Scotland) Regulations 2006 (as atnended), the Companie5 Act 2006, the Memorandum and ArtEcles
of Association, and Accounting and Reporting by Chariiies.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and
Republic of Ireland (FRS102).
Referenee and administrative details
Registered charity name
Charity regi5tratiOll Dumber
Company regi$¢ration number
Principal o￿lee
Wester Ross Radio Lid
SC049942
SC235969
The Studio
Strath
Gairloch
Ross-shir¢
IV212LR
Directors and Trustees gre".
The Director5 8nd Trusttt5 8re:
G.M Bellamy
T.R Cole
K.H Douglas
J.1 Fish MBE
C.F.R. Irvine
G.R Quinn
Revd. A.M Simpson
S.D.G Spencer
M.J.N Stevenson
Appointed 29 July 2025
Resigned 05 July 2025
Independent examiner
David J Robertson CA
¢10 Audacia Ltd
18 Sthfford Street
Tain
Ross-shir
IV19 IAZ

Wester Ross Radio Ltd.
Trustees, Annual report (conrinued)
Year ended 31 December 2025
ORIECTIVES AND ACTIVITIES
The charitable purposes of Wester Ross Radio Ltd #re:
To advan¢e citizenship and community development through the production, presertiation, and dissemination of
radio programmes, improving the quality of life for the whole community of its operating area by creating
connections. improving inclusion. reducing isolation, and supporting community cohesion and development.
To advance the education and opportunities for residents of all ages and backgrounds within the operating area
by providing training in production and preseniation of radio prowm¢s. broadening the Skills. confidence.
knowledge and experience of the community as a whole.
To promote the advancements of the arts and culture, particular focus on Scottish, Highland and Gaelic culture
in Wester Ross, the wider Highland diaspora and beyond.
ACHIEVEMENTS AND PERFORMANCE
Thi5 year marked the se¢ond full year of Radio Wester Ross's rebrand. and it has been encouraging to see how
POSLtively our wider audi¢nce has responded. Our streaming figures continue to grow, now reaching between
4,000 and 4,500 unique monthly connections. For a station Serving a Nral area of our size, this is a strong and
reassuring indicator of engagement.
Our pr0￿M￿l￿g is managed through th¢ Gairloch studio, ¢nsuring a consistent and professional standard across
live shows, voiee-tracked content and pr(Trgrarnme5 submitted by Contributors. The introduction of the weekday
morning show has added further strength and variety to our sehedule.
Beyond the studio. community support has once again been a real highlitrht. A successful rdffle and th¢ generous
contribution from the Great Wildemess Challenge provided important income at a time when finances were under
pressure. We were also extremely grateful to receive a £4,000 donation from Badachro Hydro. Each of these
contributions made a meaningful difference during what has been a challenging year for the station.
FINANCIAL REVIEW
Advertising reyenue remains under pressure. Scottish Govemment agency spend continues to favour larger
operators, leaving community radio stations operating on limited budgets. Local advertising and swnsorship have
grown since the rebTand, which is an encouraging SI￿ of confidence from businesses in our area.
We also joined the DAX digital advertising initiative through Local Radio Supportto broaden our income streams.
although returns so far have been modest. The launch of STV Radio in early 2026 is expecied to increase
ompeiition for the same limited advertising budgets.
On the ¢o$t Side, electricity prices continue to place pressure on our resources. and wages remain one of our most
Significant overheads. A major positive this year wa5 securing a £30.000 Community Regeneration Fund grant
from Highland Council. This is a re5tri¢ted capitkl grdllt, paid directly against approved ¢quipment purchases
rather thall into our bank account. It will allow us to r¢-equip the Gairlo¢h studio and restore a broadcast Studio in
Ullapool. Although the funds do not pass through our ac¢ounts a5 cash, they represent a 5ignifi¢ant Ènvestment ID
the stAtion's infrastructure and will be recognised as in¢orne and expenditur¢ ps th¢ equipment is purchased.
Overall fin&nces remain tight. and a meaningful improv¢rn¢nt in revenue during 2026 will be essential for the
station's continued viability.

Wester Ross Radio Ltd.
Trustees, Annual report (conlinued)
Year ended 31 December 2025
FINANCIAL REVIEW ( ContlDued)
During the year the charity generated total income of £47,626 {2024.' £28,626} and ineurred ¢xpenditure of
£72,401 (2024.. £65,872}, resulting in a deficir for the year of £24.775 (2024.. £37246}. Total funds at the year
end were £71,186, of whi¢h £61,918 were unrestricted funds and £9,268 were restricted fvnd5. Whilst re5¢rve5
have reduced during the year, the trustees remain focused on improving recurring income and strengthening th¢
Charity's long-terni financial sustatnability.
PLANS FOR FUTURE PERIODS
In 2024 we began a progTamme to upgrade the inactive Shieldaig transtnitter. Following detailed technical
assessment and restordtion work through 2025. and after a "test period" the transmitter is r¢ady to be
re-COTnmissioned. This will extend coverage and provide more reliable access to local progTatnming and essential
inforTnation, particularly during p¢riods of severe weather enabling 101.8 FM to broadcast within the Shieldaig
and Torridon areas.
We continue to monitor OFCOM'S consultation on local news and infomiation requirements under the Media Act
2024. While some changes to our news obligations appear manageable. increased expectations for weekend local
infornjation output may create financial pressure if they cannot be met within existing resources. Tighter
requirernents around accuracy and compliance may also necessitate additional staffing or freelance support.
Combined, these pressures could affect the long-temi sustainability of smaller siations and risk our ability 10 retain
licences without further support.
Looking ahead, the renewal of our Gairloch and Ullapool broadcast licences will represent an additional
comtnitment at a time of already considerdble financÉal strain.
We have also expressed interest in joining a proposed Ullapool DAB multiplex, which would offer an important
medium-terni digital solution ahead of the planned 2030 FM switch-off, although th¢ UK Govemment is still
reviewing whether a full swiich-off will proceed.
Despiie these challenges, we remain comrnitted to Strengthening local broadcasting infrastru¢ture. Our ongoing
aim 15 to deliver high-quality, locally relevant broadcasting alongside cotnTnunity outreach and youth
development. re-inforcing loca5 radio as a trnsted and accessible resource for the communities in the Wester Ros5
are45.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Radio Wester Ross is incorporated under the Companies Aci as a private Cotnparty limited by 8uarantee. It5
purposes and adTnini5trdtiv¢ atTang¢meThts are s¢tout in the Articles of Association. The company is also registered
as a eharaty Wlth the Offi¢¢ of th¢ Scottish Charity Regulator (OSCR), registration number SC049942.
The management of th¢ company rests with the directors, who are elected in accordance with the Articles of
Association. Direciof5 ar¢ ¢lect¢d or re-elected by the members at ihe Annual General Meeting each year. The
directors may also appoint a member to serve as a director during the COUTse of the financial year,. however, any
such appointment requires the individual to r¢tire at the next Annual General Meeting, at which point they may
stsnd for re-eleciion.
The directors are responsible for identifying and reviewing the risk5 to which th¢ chaTity 15 exposed and for
ensuring that appropriate internal controls are in plac¢ to provide rea50nable assurance against fraud, ¢Tror and
other irregularities.
The directors are also responsible for maintaining proper accounting records that di%105e, with reasonable
accuracy. Ihe financial position of the charity at any lime and that enable them to ensure the fEn2ncial statement5
comply with the Companies Aci 2006. They are thrther responsible for safeouarding th¢ ass¢ts of th¢ charity Jnd
for taking reasonable steps to preveni and detect fraud and other irregularities.
For the year ending 31 December 2025. the ¢ompany was entitled to ex¢mpiion under $¢¢tion 477 of the
Companies Act 2006 relating w small ¢ompaT)i¢S.

Wester Ross Radio Ltd.
Trustees, Annual report (conlinued)
Year ended 31 December 2025
The members have not required the company to obtain an audit of its account5, in aecordance with seetion 476 of the
CoTnpanies Aci 2006.
The directors acknowlcdge thcir responsibility for complying with the requÈrements of the Act with respeet io
￿￿Ounting r¢cords and for the prepararion of th¢ ac¢ounts.
Th¢ a¢¢ounts hav¢ been pr¢par¢d in a¢¢ordance with the provisions applicable to ¢ompanies subject to the small
eompanies, regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charitie5 SORP (FRS
102).
The trustees reviewcd the governing docutnent during the year and ¢oncluded that no changes were necessary to ihe
smooth and orderly njnning of the organisation.
Signed on behalf of the board
M.J.N St¢v¢nson
ChairpersonlTrnstee
Date.. 16 March 2026

Wester Ross Radio Ltd.
Independent Examiner's Report to the Trustees of Wester Ross Radio Ltd
I report to the trnstees on my examination of the financial statements of Wester Ross Radio Ltd Cthe charity.) for
(he year ended 31 De¢t￿ber 2025
Responsibilities and basis of rtport
As the b￿Ste¢S of the charity you are responsible for ihe preparntion of the finan¢ial statements in accordance
with the requirements of the Charitl¢5 and Trustee Investment {Scotland) Act 2005 (the '2005 Act.) and the
Charities Account5 Iscotlandl Regulations 2006 las amended). You are satisfied that your charity is not required
by ¢harity law to be audiied and have chosen instead to have an independent examinalion.
I report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of
the 2005 Aci. In canying out my exaTnination I have follow¢d the requirements of Regulation I l of the Charities
Accounts (Scotland) Regulations 2006 {as amended).
Xndependent examiner's $taterntnl
Since the charity has prepared its accounts on an accruals bayis your ¢xaminer musi be a member of a body listed
in Regulation I1(2) of th¢ Chariti¢s Accounts (Scotland) Regulations 2006 (as amended). I can confirni that l am
qualified to und¢rtak¢ the examination because l am a registered member of the Institute of Chartered
Accountants of Scotland IICAS) which is one of the listed bodies.
I have completed my examination. I confirn] that no matters have come io my attention givingme Cause to believ¢
that in any maierial respect".
accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of
the Charities Accounts (Scotland) Regulations 2006 (a5 amended), (Trr
the financial stateTnents do not accord with those records: or
3. the financial statements do noc comply with the accouniing requirements of Regulation 8 of the Charities
Accounrs (Scotland) Regulations 2006 (as amended).
I have no ¢oncerns and have ¢ome across no other matters in connection with the examination to which attentio
should be drawn in this report in order io enable a proper understanding of the accounts to b¢ r¢ached.
Independent Examiner
Mr David J Robertson
Chartered A¢¢oun¢ant
CJO Auda¢ia Ltd
18 Stafford Street
Tain, Ros>shire
IV19 IAZ
21" August 2026

Wester Ross Radio Ltd.
Statement of Financial Activities
Year ended 31 December 2025
2025
Unrestricted Restricted Total
Funds
funds
Fund5
2024
Total
Funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment in¢tsme
8,652
25,601
12,582
791
8,652
25.601
12,582
791
4,256
15,479
7,406
1.485
28,626
Total illcome
47,626
47,626
Expenditure
Charitable a¢tivitie5
Other expenditure
Total expenditure
10
64.441
2.625
67,066
5.335
69,776
2.625
72,401
63,040
2.832
65,872
5,335
Net IDcomel(expeDditure)
(19,440}
(5.335) (24,775) (37,246)
Other recognized gains and losses
Other gains/(losses)
Net movement in fi]nds
Reconeiliation of funds
Total funds brought forward
Total funds ¢arri¢d forward
(19,440)
(5,335) (24,775) (37,246>
133207
61,918
9268
71,186
93,961
Th¢ statement of fll)ancial a¢tiYiti¢s includes all gains and losses recognis¢d in the year. All income and
expenditur¢ derive from continuing activities.
The notes on pages 10 to 19 form part of these financial s¢at¢ments.

Wester Ross Radio Ltd.
Balance Sheet
31 December 2025
2025
2024
Note
Fixed &s5ets
Tangible A55ets
14
27,906
34,365
Currertt assets
Deb¢ois
Prepayments
Cash at bank and in hand
15
Is
2J84
1,840
3,496
2,961
47.945
64.889
Credi¢or5: amouDt$ f•Iling due within one y¢gr
Net current 8$$et8
16
43280
61.596
Tot814sset$ less ¢urr¢nt li•balities
71,186
95,961
Funds of ihe eharlty
Restri¢ted futsds
Unrestricted funds
17
17
9268
14,603
Total charity fund5
71.186
95.961
The tru5tets have prtpared the accounts in accordanee with section 44 of the Charities and Tn￿tte Investmeni
IS¢oilandl A¢(2005 and in a¢cordan¢e with the special provision of Part 15 of the Companies Act 2(￿6 relating to
small companies.
For the year ended 31 December 2025 ¢h¢ Company was enti¢l¢d to exetDption wid¢r s¢¢tioo 477 of the Companies
Act 2006 relating to small eompanies.
The meTnbers have not required the company to obtain an audit in accordance wilh section 476 of the Companies
Act 2006.
The directors acknowledge thetr responsibilities for complying with the requirements of the Companie5 Act 2006
with respect to ac¢ollnting records and the preparation of accounts.
Approved by the board ot) 25 Febrnary 2026
and signed on its behalf by=
M.J.N Stevenson
Chairp¢rsonnrust¢e
Date: 16 March 2026

Wester Ross Radio Ltd.
The notes on pages 10 to 21 form part of these fJn#ThciAI statements.

Wester Ross Radio Ltd.
Statement of Cash Flows
Year ended 31 December 2025
2025
2024
Cash now5 from operating activitie5
Net incomel(expenditure)
(19,440)
(37.246)
AdjusimenÉsfor"
Depreciation of property, plant and ¢quipment
6,498
6,621
D¢crease/(in¢Tease) in trade and other receivables
{Decreaseyincrease in trade and other payables
2,033
1,372
(2,418)
(163)
Net cash provided byl(u5ed in) operating aetivities
Cash outlays re other activities
Payments for propety, plant and equiprnent
Payments from restricted grants
39
S335
6.414
Net egsb outlay from other attlvltie$
5a74
6,414
Net inereasel(deertase) In eash and eash equivalents
Cash and cash equivalents at beginning of year
Casb and eash equivaleThts #t eThd ofyear
{14,911)
(39,620)
43.521
58.432
The notes on page$ 10 to 19 form part of ¢he$e finaneial Statements.
10-

Wester Ross Radio Ltd.
Notes to Financial Statements
Year ended 31 December 2025
CeDeral information
The charity is a registered charity in Scotland and is incoqxjrated. The address of the prin¢ipal office
is The Studio, Strdth, Gairlwh, IV212LR.
Company status
The company is a privat¢ ￿MpanY limited by guarantee and consequently does not have share capital.
In the event of the company IKing wound up, the liability in r¢sp¢ct of the guarantee is limited to £1
per member of the company.
Statement of eomplianee
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting
Standard applicable in ihe UK and th¢ Republic of Ireland., the Statement of Recommended Practiee
applitable to chtirities preparing their a¢counts in accordance with the Financial Reportirtg Standard
applicable in the UK and Republic of Irelpnd IFRS 1021 (Charities SORP (FRS 102)) and ihe Charities
and Trusiee Investmerti (Seotland) Act 2005 and th¢ Charity Accounts (Scotland) Regulations 2006
{as atnended).
A¢counting policie5
Basis of preparation
There have been no changes to th¢ a¢¢ounting policies (valuations rules and method of accounting)
since last year and no ctwjges have i>een made to a¢¢ounts for previous years.
Going concerD
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satlsfie5 th¢ criteria of being a qualifying entity as defined in FRS 102. Its financial
statements are consolidated into the financial statements of Wester Ross Radio Ltd. As such. advantsge
h&$ been taken of the following di5c105ur¢ ¢x¢mption5 available under paragraph 1.12 of FRS 102.. (a)
Disclosures in respect of fEnancial instruments have not b¢en presented.
Judgements and key sources of estimation uncertainly
The preparation of the financial statements requires managetnent to tnake judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed
and are based on experience and other factors, including expectaiiorts of future events that are believed
to be reasonable under the circumstances.
Fund 2eeouThting
Unrestri¢t¢d fuDds are available for use at the discretion of the trustees to further any of the charity's
purp05e5.
Designated funds are ut)restri¢ted fimds eanxarked by the trustees for a particular fijture proje¢t or
commitment.
Restricted fund5 yr¢ subje¢ted to re5triction5 on their expenditure de¢lared by the donor or through the
terin5 of an appeal and fall into one of two sub-classes.. restricted in¢om¢ fvnds or endowment funds.

Wester Ross Radio Ltd.
Notes to Financial Statements (contintsed)
Year ended 31 December 2025
AteouDting polieies {contÉDued)
IDcoming resources
All incoming resouites are included in th¢ statement of finan¢ial activities when entitlement has p￿Sed
to the chariry,. it is probable that th¢ e¢onomic benefits associated with the transaction will flow to the
charity and the amount ean b¢ reliably measured. The following specific policies are applied to
particular eategories of incotne..
income from donations or grants is recognised when there is evidence of entitlement to th¢ gift,
r￿elpt is probable, and its amount can be measured reliably.
legacy income is recognised when r¢¢eipt is probabl¢, and entitlement is established.
income from don74ted goods is measured at the fair value of the goods unless this 15 Lmpractical
to measur¢ reliably, in which case the value is derived from the cost to the donor or the estimated
resale value. Donated facilities and services are recognised in the accounts when received if the
value can be reliably measured. No amounts are included for the contribution of general
volunteers.
income from contsacts for the supply of services is recogni5ed with the delivery of the ¢ontra¢t¢d
service. This is Classified as unrestricted fijnds unless there is a contractual reqtsirement for it to
be spent on a particular purpose and returned if unspent, in which case it may ￿ regarded 8$
restricted.
Resources expended
Expenditure 15 recognised on an a¢¢ruals basis as a liability 15 incurred. Expenditure includes any VAT
which cannot be fully recovered, and is classEfied under headings of the siatemenr of financial activities
io which it relates..
exp¢nditur¢ on raising funds includes the costs of all fundraising activitie& events. non-charitable
trading activities, and the sal¢ of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further irs charitable aims for the benefit of its beneficiaries, includingthose sUPPOrt
costs and cosis relating to the govemance of the chariry apportioned to eharitable activities.
other expenditure includes all exp¢Dditure thai ts neither r¢lat¢d to rd15ing fvnds for the charity
nor part of its expenditure on charitable activities.
AII costs are allocat¢d to expenditure categories Teflecting the use of ihe resource. Direct costs
attributable to a singl¢ activity are all￿￿ted directly to that activity. Shared costs are apportioned
bettveen the a¢Éivities they ¢ontribute to on a reasonable, justifiable and Consistent basis.
Investments
Unlisted equity investtnents are initially recorded at cost and subsequently measured at fair value. If
fair value cannot be reliably measured, a55ets are rneasured at cost less impairtnent.
Listed investments are measured at fair value with changes in fair value being recognised in income or
expenditure.
12

Wester Ross Radio Ltd.
Notes to Financial Ststements (continued)
Year ended 31 December 2025
A¢¢Ollntl￿g poll¢le$ {continued)
Impairrnent and depreciation of fixed #s$ets
A review for indicator5 of impairn)ent is caJTied out at each reporting date, with th¢ r¢coverable amount
being estitnated where such indicators exisi. Where the canying value exceeds the recoverable amount.
the asset is impaired ac¢ordingly. Prior impaimients are also reviewed for possible reversal at each
reporting date.
For the purposes of impaimient testing, wh¢n it is not possible to estimate the recoverable amount of
an individual asset. an estimate ss made of the re¢overabl¢ amount of the cash-generating unit lo which
(he asset belongs. The cash-generating unit is th¢ smallest identifiable group of assets that includes the
asset and generates cash inflow5 that are largely ind¢pendent of the cash inflows from other assets or
groups of assets.
For impairment testing of g¢y)dwill, the goodwill acquirtd in a busines5 colnbination 15, frorn th¢
acquisition date, allocated to each of the cash-generating units thai are expected to benefst fr(Fm th¢
synergies of the combination, irrespective of whether other assets or liabilities of th¢ Charity are
assigned to those units.
Depr￿latIOn is provided at the following annual rates in order to write off each &sset over its ¢stimated
Useful life..
Trdnsmission Equipment- 12.5Q/D Reducing b8lan¢e
Music Library- 250/fj R¢du¢ing balance
Fixtures, fittings & equipment- 25/0 Reducing balance
Financial instruments
A financial asset or a financial liability is re¢ognised only when the charity becomes a party to the
contractu&l provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any
related transaction costs.
Current assets and current liabilities are subsequently measured at the ¢&sh or other consideration
¢xpe¢ted to be paid or received and not discounted.
Debt instruments are subsequently me&sured at amortis¢d cost.
Where investments in 5har¢5 are publicly traded or their fair value can otherwise be measured reliably,
the investment is subsequently meysured at fair value with changes in fair value recognised in income
and expenditure. All other such investments are subsequently measured at cost less impaimient.
OtheT fInancial instruments. including derivatives. are initially recognised at fair value, unless paym¢nt
for an asset is defe￿ed beyond nornial business rern)s or financed at a rate of interest that is not amarket
rate, in which case the asset is measured at the present value of the ￿tt￿re payment5 discounted at
market rate of interest for a similar debt instrument.
Other financial instrnments are subsequently m¢asured at fair value, with aTty changes recognised in
the statement of finantial activitie5, Wlth th¢ exception of h¢dging instruments in a designated hedging
relationship.
13-

Wester Ross Radio Ltd.
Notes to Financial Statements (continued)
Year ended 31 December 2025
Financial as%ts that are tn¢asur¢d at Cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impaimient. an
impairment 105s is recognised under the appTopriate heading in the statement of financial activities in
which the initial gain wa5 re¢ognised.
For all equity instruments regardless of signifieanee, and other financial assets that are individually
significant. these are assessed individually for impaimjent. Other fInanriAI asse¢s are either ￿esSed
individually or grouped on the b&8is of similar credit risk characteristics.
Accounting policies (continued)
Financial InstrUffle￿ts (continued)
Any reversals of impairnient are recognised immediately. to the extent that the reversal does not result
in a carrying amount of the financial asset that exceeds what the tarrying aTnourtt would have been had
the impaim)ent not previously been recognised.
Staternent of Finan¢i41 Activities- prior ye¥4r
Unrestricted
funds
Restricted
funds
Total funds
2024
Income and endowthents from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total
4,256
15.479
7,406
1.485
28,626
4,256
15,479
1,485
28,626
Expenditure on:
Raising fitnds
Charitable activities
Other
Total
63,040
63,040
65,872
65,872
N¢t gain on inv¢stments
Net Jncome
(37,246)
(37,246)
Transfers between ￿ndS
Net Income before other gains (losses)
Other gains and losses
Net movement in funds
(37.246)
(37.246)
37
46
Reeoneili8tion of funds:
Total funds brought forward
118,604
14,603
133307
Total funds tarried forward
81J58
14,603
95,961
14-

Wester Ross Radio Ltd.
Notes to Financial Statements (continued)
Year ended 31 December 2025
Donations and legacies
Unrestricted
fvnds
Restricted
funds
Total fuDds
2024
Donations
Giants
Membership and subscriptions
Gift aid
4.379
795
4,069
204
8.652
3,188
273
4,256
Charitable activities
Unrestricted
funds
Restricted
funds
Total
funds 2025
Unrestricted
funds
Restricted
funds
Total
fitnd5 202,
Broadcast revenue- AdYert15ing
Broadtast rev¢nue- Sptsnsorship
22,439
22,439
3,162
12,389
3.090
15,479
12,389
3,090
Other trading *ctivities
Unrestricted
funds
R¢stri¢ted
fijnds
Total fuDds
2025
Fundraising actlvilies
Fundraising events
Retail sal¢s
Internet facilitie5
Miscellaneous income
12,147
12,147
144
291
12,582
144
291
12,582
Unrestricted
funds
Restricted
funds
Total funds
2024
Fundraising activities
Fundraising events
Retail sales
Internet facilities
Miseellaneous income
7,240
7,240
166
166
7,406
7,406
15-

Wester Ross Radio Ltd.
Notes to Financial Statements (continued)
Year ended 31 December 2025
Investment ineome
Unrestricted
nds
Restricted
funds
Total funds
2025
Bank deposit interest
791
791
791
791
Unrestricted
fund5
Restricted
funds
Total funds
2024
Bank deposit int¢Test
1,485
Expenditure on raising funds
Unrestricted
funds
Restricted
nds
Total funds
2025
Fundraising ¢osts
R¢tail sal¢s
474
474
474
474
Unrestricted
fund5
Re5trict¢d
fund5
Total funds
2024
Fundraising costs
Retail sales
16-

Wester Ross Radio Ltd.
Notes to Financial Statements (conlin74ed)
Year ended 31 December 2025
10.
Eipenditure on charitable activitleS
Unrestricted
fund5
Restricted
fijnds
Total fund5
2025
Licence fees
Subscriptions
Rent
Rates and water
Electricity
Repairs and maintenance
Insurance5
Staff wage5, Nl and Pensions
Voice overs
Office sundries
Telephone
Computer and internet
Radio voice tracking
Depreciation
3,268
1,980
2.160
386
6,183
140
1.044
39,720
130
36
404
1,892
600
6,498
64,441
3,268
1,980
2,160
386
6,183
5,47S
1,044
39,720
130
36
404
1.892
600
6,498
69.776
5,335
5,335
Unrestricted
funds
Restricted
funds
Total funds
2024
Licence fees
Subscriptions
Rent
Rates and water
Electricity
Repairs and rnaintenance
Insurances
3,229
2.292
2,160
332
7.369
668
967
3,229
2.292
2.160
332
7.369
668
967
F I"1
Staff wages. Nl and Pensions
Voice oyers
Studio cleaning
Office sundries
Telephone
Cotnputer and intern¢t
Voicetracking
IT Support
Adv¢rtising
Depreciarion
33.589
410
1,056
36
374
1,770
690
800
677
6.621
33,589
410
1,056
36
374
1,770
690
800
677
6.621
63.040
17

Wester Ross Radio Ltd.
Notes to Financial Statements (conlinued)
Year ended 31 December 2025
Other expenditure
Unrestricted
2025
Restricted
2025
Total funds
2025
Total fvnds
2024
Donations 10 Others
Training
Travel
Meeting expens¢s
Fundraising costs (Note 9)
Bank and other interest charges
Sundry expenses
481
731
172
446
365
474
446
365
474
.090
1,090
844
Governance costs:
Accountaney and independent examination
250
250
600
12.
Net Incomel(expenditure) before transfers
Total 2025
Total 2024
This is stated after charging..
Depreciation of owned fixed assets
Independent examiners fee
&498
250
6,621
600
3.
Staff eo$ts
No ¢mploy¢¢ received emoluments in excess of £60,000
The average monthly number of full time equivalent employees in during the year w&8 as follows..
Total 2025
Total 2024
Staff
The chariry operates a d¢fin¢d ¢ontribution sch¢m¢ for one of its ¢mploye¢s
18-

Wester Ross Radio Ltd.
Notes to Financial Statements (conllnued)
Year ended 31 December 2025
14.
Tangible fixed assets
Tran$mi%sion
equipment
Musi
Library
Fixtures. &
equipment
Myriad
System
Website
Total
Cost or revAluation
l January 2025
Additions
106,402
31.220
12J,638
7.546
4,750
40
273,556
40
31 December 2025
106,402
31,220
123,638
7.546
4.790
273.596
Depreciation and
impairrnent
l January 2025
Depreciation ¢harg¢
91397
1,888
28310
753
118,078
lJ90
1,132
1.509
475
239,192
6,498
958
31 December 2025
93,185
28,963
119,468
2,641
1,433
245,690
Net Book Valu
31 December 2025
13217
2,257
170
4,905
3J57
27.906
31 December 2024
15,105
3.011
5,560
6,414
4,275
34,365
19-

Wester Ross Radio Ltd.
Notes to Financial Statements (conlinued)
Year ended 31 December 2025
15.
Debtors and Prepayments
2025
2024
Trade debtors
PTepayments and accrued income
2.584
3.496
16.
Creditors: amount5 falling due within one year
2025
2024
Trade creditors
Other taxes and social security
Atcruals and deferred inc(Trtne
Value added tax
1,123
703
1.565
1.274
545
497
1,737
514
3,293
-20-

Wester Ross RadÈo Ltd.
Notes to Financial Statements (continued)
Year ended 31 December 2025
17.
Moyement in funds
Balanc¢ at
l Jan 2025
Income
Expenditure
Trdnsfer5
Gains and At 31 Dec
losses
2025
R¢stri¢ted funds
14.603
5,335
9,268
Unrestricted funds
81,358
47,626
67.066
61,918
Tolal Funds
72.401
18.
Analysis of net a55¢ts between fund5
Unrestricted Restricted
Funds
Funds
2025
2025
Total Funds
2025
Fixed Assets
Net Current
assets
Defeffed
Incorne
Total fuDds
27,906
34,012
27,906
43280
9,268
61,918
19.
Reconciliation of net funds
New
HplFinanc¢
Leases
Cash
flows
At31
December 2025
2025
Cash and Cash
Equival¢nts
58,432
{14,9111
43,521
Total fund5
20. Related party di5closure5
Controlling party
Th¢ company is limited by guarantee and has no share capital, thus no single party controls the company.
21

Wester Ross Radio Ltd.
Management Information
Year ended 31 December 2025
The following pages do not forrn part of the financial statements.
22-

Wester Ross Radio Ltd.
Detailed Statement of Financial Activities
Year ended 31 December 2025
2025
2024
Income endowments
Donations and legacies
t)onations
Grants
Membership subscriptions
Gift aid
4.379
795
4,069
204
8,652
3,188
273
4.256
Charitable aetivities
Broad¢a5t revenue- Advertising
Broad¢a5t revenue- Sponsorship
22,439
12,389
Other trading activitie5
Fundraising activities
Fundraising events
Retail sales
Internet facilities
Miscellaneous income
12.147
7.240
166
291
Investment income
Bank interest received
Other interest received
791
1,485
791
Total incorne and endowments
47.626
28.626
-23-

Wester Ross Radio Ltd.
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2025
2025
2024
Expenditure".
R¥ising funds
Costs of g¢nerating donations aT)d l¢ga¢ies'.
Donations and legacies
Grants
Costs of other trading activtties..
Fundraising costs
Retail sales
474
474
Expenditure on charitable activities
Licence fees
Subscriptions
Rent
Storage rent
Rates and water
Electricity
Repairs and maintenance
Fire safety
Insurance5
Staff wages, Nl, and Pension
Other staffing costs
Voice overs
Studio tleaning
Printing. stationary and postage
Office sundries
Telephone
Computer and internet
IT Support
Advertising
Radio voice tracking
Depreciation
3,268
1,980
2.160
3,229
2,292
2.160
332
7.369
668
6.183
140
967
33.589
39,720
130
410
1.056
36
36
374
1,770
800
677
690
6,621
63.040
1,892
600
6.498
Other expenses:
DonaiioDs to oihe
Training
Travel
Meeiing expenses
Bank charges and exchange rates
Bank and interest charges
Sundry expenses
Governance costs:
Accountancy and independent examination
Other statutory and professional fees
481
731
446
365
1,090
848
250
6(MJ
2,832
Total expeThditure
-24-

Wester Ross Radio Ltd.
Detailed Statement of Financial Activities (conlinued)
Year ended 31 December 2025
2025
2024
Net Gains on investtnents
Net IneomeJ(expeNditllre)
Trdnsfer between funds
(19,440)
(37,246)
Net incomel{¢xpeNdltllrel before other gain￿(lO$s¢s)
Other gains
Net movement in funds
(19,440)
(37,246)
19.440
37.246
-25-