SHIRE RADIO LANARKSHIRE TRUSTEE'S ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NO SC052212
SHIRE RADIO LANARKSHIRE ANNUAL REPORT OF THE TRUSTEE'S FOR THE YEAR TO 31 DECEMBER 2024 The Trustees present their annual rert and financi81 statements of the ch8rtty for the year ended 31 December 2024. The financial statements have been prepared in accrydance the accounting policies set cxrt in note 1 to the acts)unts and comply with the charitys rules. the Charilies and Truslee Investment IScoUandl Act 2005. The Charities Accounts (Scouand) Regulations 2(h)6 las amended} and ACCOUnng and Retwyb'ng by Charib'es.. Statement of Recommended Pracli¢x applicable to chanties weparlng their ac¢ounts In accordance wth the Financi81 Reporting Standard applicable in the UK and Repubbic of Ireland published on 16 July 2014. Obloctlvfj• and actlvltlel The purwses of the Trust are to provide o c(mmunlty hub. an online media hub. a I(1 radio seNce, Ioc81 podcasts arKI lo¢ally ueated vMl80s that are all about Lanarkshire In furthèrance the Trust shall: - inlofrn. educate 8nd celebrate the herltage, cullure, talent diverslty 8nd n81ural beauty throughout Lanark$hire - promolts almost every kno community and chailty organisation bawj thin or serving Lanarkshire. - 8UPm l(Kal business by providiNJ a cost4ffective and truly Ial $4atfomi ere ttw Can kyomote themselves mtye effe¢livdy than using regional or nalh)nal media. - SUPFYt eVerye L8n8rkshire, regardle88 of age, di58ts'lity, faith. gender or race. - engage in lawful thwit•ble In cyder to futher the objects of the Trust. R•vl•w of A¢tlvltl•• Shire Radio now has 2 fully equip broadcast studios in Coathridge. the second studio was added in November 2024. The Trust has att68$ 10 8tudlos In Mothep•¥ell and Wlshaw that can b8 Used. During the year, Shire Radio promoted over 300 Whavs On ILY local events in Lanarkshire. In addition. Shire Radio attended many outside broadcasts througholrt Lanafkshire. Shir6 Radio nv•V broadcasts on averago 126 hourse a week of rndio prcwJramme$. Reserves Pollcy The Trust has considered the resen4e5 Tequired and have taken into account their current and future liabilities. The Trust Vlill conswjer ring fenryng funds lo ensure th81 the Trusl remains 8U8tainal8. Rlsk Management The Trustees have exaM1r the malor IMJ8ifs8 and operatlonal rlsks whtch the Trust face8 and have established systems to enable gUlar reports lo be produced so that the necessary steps can be taken lo lessen these risks, Page 1
SHIRE RX•lO LANARKSHIRE ANNUAL REPORT OF THE TRUSTEE'S FOR THE YEAR TO 31 DECEMBER 21ll4 (Continu•dl Flnanclal Revbow The Trust gwer8ted a suwus for yaar of £8,274 The Te5eTves as at 31 Decemt¢r 2024 are £17.229 Futur• Actlvttl The Trust shall comtinue to increase the vcdunter numbers past Ihe present numter of 40. The Trust will ¢wfjnue to prcffiote ilsell to mor8 Ii81w)8r8 an¢i IlIneS8O6 throughout Lanarkshlr8. The Trust has st8rt8(I to update it's cKtswJe tKoadcast ur¥t and this shcrtJld be c{pleted by the summer 012026. In May 2025. the Trust launched a 8iSter 8taticrt, Shire Extra. vknkh c8latates L8narkshire'¥ mu$K, art end culture orKI provKles programming aimed al Min audience¥, nlche grCP$. pecwe ol varios ethnlciies and Peo with specidised Krterests In m1¢, 88 wo11 as speech progranming. Tho TTUSI has slots ava8.19 for the Digrtal Radio that is coming lo 8nd Swth L8narkshir¢. The Trust 1$ walkn'ng K4aMing 188 transmntar 5Tra. Organlatlonal Structur• The affairs of the Trust are managed by a management cLnmittee c£mprisiThJ of a minimum of 3 memb8f5 appointed ty the members al Annual General Metting to serve fcy one ywr, all being elvJible for rereleclion. Tho c(mmitt•• meots nol1•88 than 6 timos a s•8r. A ChoirgOn, seuetary and treasur•r are appr*nted by the management commiltee.. no person may hold offl¢8 for m(ffe thon 3 ars. management cmimittee may co-opt up to 3 lurth8r membws. whern deemed necoS8ary, 10 8epn until the Annual General Meetin9. Nme of the Trustees rocolved Any remuneralion or expenses from the Tfu5L TN•te•¥ •nd Adminlstr•tlv• Inforrn•tlon Tho Trustoes semng in Ihe year lo 31 December 2024 and to Ihe date of thi5 report were as follows.. - Thft Trust rsn CXinrted via the Chairpers01' The principal Adv150rs are.. 8ankers.' Virgin meY Molherw811 IrKlependenl Exwniner P8ge 2
SHIRE RADIO LANARKSHIRE ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR TO 31 DECEMBER 2024 Continu•d} statement of Trusl•es' RespMsibilili•s The ¢harlty tru8t8e8 are r8sponsible fcf preparing a trustees. annual reFy1 and financial slatemenls in ac¢tydance wth appliCae law and United KIngdn Accounting Slandards (Uniled TrQngdom Generalty Acceptj AcntIng Praclic•l. The law apFAuble to charitses n ScoilarKI requires the chanty trustees to prepare financial slalemenls lor eath y88T vknith give 8 tru8 8nd fair view of the stale of affair8 of the charty and ol th8 incoming resrceS and applic8On of the fegources, of the chanty for that pernd. In preparing th nancaal statements th8 trustees are reqred to: - 8el¢ct suitabla accountlrKJ rxSicie$ and apy tr CSISt, - observe the mathods and prknciple8 in the applica• Charflles SORP; . make reasorbable prudenljudgement 8nd e8tim8te8; - stale %thether applicatAe accounting stsndards have been followed, subject lo any matenal depathres disdosed arKI exained In the financial stslements.. - Fffepare th• 8ccfjunls on o)n¢ffn b8818 unless it is Inapprijpriale to pr8wma that th8 charty ¥4ill conlknu8 it) bu81ne88. The trustees are resFKJnsible for keepng woper accounting records that disclose V*ith reaSonae aCCUf8Cy •1 any timo Iho finan081 po$ibon of tha charlty and to enable trffl to ensure that the fina181 statements oYnY wilh the Charitss and Trytse Inv85tmenl (scotld) Act 2(K15, the Charity Accoun15 IScod8ndl Re9811(5 2Cth {89 amended). And the provisions of Trvsl doèd. Thty ar8 also responslt4e for safeguardlng the assets of the charity and taking reosona140 steps for the prev¢nkn and of fraud and other wregularths. By Order of Tru8te88 Date.. 22 Sepi•nbor 2025 Page 3
SHIRE RADIO LAmARKSHE Ind•p•nd•nt Ex•mlnrfs r•wt to th• TnNI• of Shlr• Radlo Lan•rk•hlrn I reFrfYt cfj fv attounts of Ihe tharity for the eThJ 31 DMtser 2024 vthith are set cxrt c pages 5 to 7. Ro•p•ctt¥• ponSIbIlItI• of tru¥t••• Ind •x•mln•r The tharity'8 trustees afe respon8 for the preparab¢)n ofthe xcourts in acxordance Nmth the tem79 of the Charities and Trustee Investrntr Iscollandl Art 25. the Charities Actounts (Scolandl Regulatlons 201 and the Slatement of ReLxJnmend•J Pracb'ce- Accounting and Repcrfb'n9 ty Chartkn68 2CQ5. The ctharity trustees n$KIef that audil r8]uiremenl of Regulation 10 {11 lal to {cl of Ihe Accounts R•3ulatlons does not otwy. It 1$ my rsnSIbIl to examine the accounts as required under sectb3n 44111 (c) ol the £1 WKI 10 8t8te porb.a have come io my attenti. B•¥i• ol Ind•p•nd•nt •x•mln•f• report My eX1n•0n Is caryied in accordance Thlth Regulation 11 Ch8rities Ac4wnts (sc8nd) Regul8tvJns 2c. An examinab'on indje5 a revw ol the alxounting reccyds kept by the ch8rity ard a comparison of tho 8w)unlB pre8ènt6d wrth those reccwds. rt also Includes rnnsiderdlicn of any unusual Items or di¥d¢)sure8 In the 8C¢QLW)ts and 8eek6 8xpl8n8b.cms trom the trusloes concemlng any Such mattef5. The proc•dures undertaken do no Frovide 811 Ihe wdon¢e that would be requirgj in an 8vdiL BrKI consequenUy I tjo nol express on audit wnion M tho VI 9Nen by the accounts. Ind•p•nd•nl •x•mln•V4 •t•t•m•nt In th• ¢wrse of my examln4tk)n. no matter has ccrfre to my attenlknn 1 thtich gNes me roarojrth c4uo8 to tdiv48 Ihat In Any r••pod th• roqulr8m8nts lo keep accx)unlng recryd¥ in wcNdènce 4th SeciKA144 {11 (al tho 2005 AL and Ragulatlon 4 of 2006 Acnts Regulab"ons. ard to prep8re accourrts acc(xd ith the ac(¥Junting r¢(axds and fA)m wllh Rewkqtson 8 of tho 20J6 Account8 Rryulal have not been meL ¢x 2 to whl¢h. in my ¥nIon. shoJld be dre in io ffiablè a wcyr und•rJtandlng of Ihe accwnts to be reached. Dale. 22 Seplember 2C25
SHIRE RADIO LANARKSHIRE STATEMENT OF FINANCIAL ACYMTIES FOR THE YEAR ENDED 310ECEMBER 2024 Unrnstrlet•d Funds 2024 2023 Income Fr¢xn: Adverty'sing Revenu¢ DonatK8 Gr8nts Bank Intwest 810 2Tr) 10.397 18.813 14 Total 11.411 Exp•ndliuf• On: Chantable ActMi• 5.424 643 37S 2280 3.024 196 121 829 Lwhl & Ho8t Computer Expenses Broadcast Equipment Repairn Insufan Printin9,Post#ge & Statry Tel•phty Independednt EN8mlnaUon Prof•sslonal F•es Sundry Exwnses eank Chary 240 1.051 104 18 93 130 150 420 250 109 11 Totsl Net 1ftn• 8.274 8,955 N•t Mov•m•nt In Fund• 8.274 8.955 R•con¢lll•tlon ol Fund• T¢Xal Fund8 bTought lryw• Tot•1 Fund• unl•d forw•Td Page 5
SHIRE RADIO LANARKSHIRE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2D23 Cash at 8ank VAT 15.713 1.516 9.105 17.229 Cv•dltorn: Amoun1• du• flthln on• 150 N•t Currnnt A•Mts 17.229 8.955 Totsl N•1 17.Z29 8,955 REPRESENTED BY: Unre5thcted Fund5 The finanoal StatTrts apwwd ty th• TN¥t••s M 22 Swt•mbw 25 8qned on th• bthall by.
SHIRE RADIO LANARKSHIRE Notes to the Flnlanclal Slatements for th• year ended 31 Decemb•r 2024 ACCOUNTING POUCIES Accounting convention The financlal statements have been prepared Urer the historical ¢ost Convents and in accordance wth Ihe Slatemenl of Recommended Practice.. Accounting and Reporting by Chorities preparing their accounts in accordance vlith the Finoncial Rewrting Standard for Smaller Entities leffectNe January 20151. Ihe Charities and Trustee Investment Iscottand) Act 2005 and the Charrtie5 Accounts (Scoand) Regulation$ 2( (as amended). Incom• Ail income is included the Statement of Flnan¢ial Activth'es when the charity 1$ legal entitled lo the income and the amount can be quantified wth reasonable accuracy. Expenditur• Expendrture is ac(nted for on a pasffnents basis and has been dassmbed under headlngs that aggregate all cost related to the category. Where costs Cannot be direcuy attributed lo particular head95 they havo boon alloCaj to activ85 on a basis consistent TrIh the u$8 of resources. Taxatlon The charity is exempl frryn Corporati( 18x on its thaiit8ble activities. Fund Accountlng Unrestricted funds can be used in accordance the charitable objectives ot Ihe discretion of Ihe trnsteos. RELATED PARTY TRANSACTIONS AND TRUSTEES, EXPENSES AND REMUNERATION The Trusl8e8 811 glve freely thelr tlme and exp¢rtOse wthout any forni of rwnUnerall or other benefits in cash or kind No expenses were paid to any Iruslee in the year Page 7