2024-10-31-accounts - Portobello Community Media SCIO

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Portobello Community Media SCIO Trustees’ Annual Report 12-Mar-2024 to 31-Oct-2024

Charity contact information

Portobello Community Media SCIO

Scottish Charity Number: SC053184

23 Daiches Braes

EH15 2RD

contact@portobellocommunitymedia.org www.portobellocommunitymedia.org

Charity Trustees

The trustees have pleasure in presenting their report together with the financial statements for the period ended 31 October 2024.

Chair Secretary Treasurer

Objectives and activities

The charity has been established with a vision of creating a vibrant, inclusive, and connected community through local media. Our two primary charitable purposes work in harmony to achieve this vision:

The advancement of citizenship or community development

Our primary vehicle for achieving this objective is the development and operation of a community-focused internet radio station and accompanying website. These platforms are designed to:

Create a dynamic space where community voices can be heard and local stories can be shared.
Foster dialogue between different segments of the community.
Provide training and development opportunities in media production and broadcasting.
Enable community members to actively participate in creating and sharing local content.
Strengthen community bonds by highlighting local issues, events, and achievements.
Serve as a hub for community information and engagement.
Support local democracy by providing a platform for community discussions and debates.
The advancement of the arts, heritage, culture or science

This objective is pursued through targeted programming and content creation that:

Showcases local artistic talent and cultural initiatives.
Documents and preserves local heritage through oral histories and community storytelling.
Raises awareness about climate change impacts on our coastal community.
Provides dedicated programming slots for underrepresented voices, including:

LGBTQ+ community members sharing their experiences and perspectives.
Disability groups discussing accessibility and inclusion.
Youth-led programming addressing issues important to young people.
Creates partnerships with local cultural organisations and artists.
Promotes scientific literacy through engaging content about environmental issues.
Celebrates the diverse cultural heritage of our community members.

Our Vision

In pursuing these objectives, we recognise the unique position of Portobello as a coastal community with a rich heritage and diverse population. Our planned activities are designed to:

Build social capital within the community.
Break down barriers between different community groups.
Create opportunities for intergenerational dialogue.
Support community resilience through improved communication and connection.
Provide skills development opportunities in media production.
Document and celebrate our community's ongoing story.

The trustees have kept these charitable objectives in mind while laying the groundwork for future operations, ensuring that all planning and development activities align with our core mission of serving and strengthening the community through accessible media.

Structure, governance and management

Constitution

The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered on 12[th] March 2024. It has a two-tier structure: its Members, and its Board (who act as Trustees).

Trustee recruitment and appointment

Trustees are elected by the members at the AGM. Members of the Charity, or an appointed representative of a corporate body which is a Member, are eligible for election. The Board may also appoint Members as Trustees.

There must be a minimum of three and a maximum of five Trustees.

The Trustees during the period covered by this report are the initial charity trustees.

Achievements and performance

This initial period represents the charity's establishment phase. Key achievements include:

Successfully completing the registration process as a Scottish Charitable Incorporated Organisation (SCIO).
Establishing a bank account to enable financial operations.
Conducting research into Internet radio station streaming options, including limited private trials of software solutions and receiving donations of second-hand computer equipment.
Initiating planning meetings with potential community partners who will increase our knowledge and skills.
Submitting our first grant application which, while unsuccessful, provided valuable feedback for future funding attempts and, more generally, how to grow the Charity.

Financial review

Statement of the charity’s policy on reserves

The Trustee’s policy is to retain 12 months’ worth of normal running costs in order to meet commitments and to cover any unexpected expenditure.

As the Charity has not incurred any expenditure yet, the Trustee’s believe the current reserves – of £96 – are sufficient. The Trustee’s will continue to monitor the position.

Future plans

The trustees intend to:

Develop revised funding applications incorporating feedback from initial grant submissions.
Research and pursue diverse funding streams including:
Community-focused grant makers.
Local authority funding opportunities.
Corporate sponsorship possibilities.
Community fundraising initiatives.
Complete evaluation of internet radio streaming platforms to identify the most suitable solution.
Design and develop an accessible, user-friendly website.
Create mechanisms for ongoing community feedback and participation.
Continue developing partnerships within the community.

The trustees recognise that these plans are ambitious and will require significant resource development. We are committed to a phased approach that ensures sustainable growth while maintaining focus on our core charitable objectives. Progress will be regularly reviewed and plans adjusted based on available resources and community needs.

Declaration

Signed on behalf of the charity trustees:

Designation

Date

Chair 10/01/2025

Enter SC No. below

APPENDIX 2

Enter charity name below

SC053184

Portobello Community Media SCIO

			Receipts and	Receipts and	Receipts and	Receipts and	ts andpayments accounts	ts andpayments accounts	ts andpayments accounts	ts andpayments accounts	ts andpayments accounts	ts andpayments accounts	ts andpayments accounts	ts andpayments accounts	ts andpayments accounts
					Period start date								Period end date		Period end date
		For the period from	12 Day		March Month			2024 Year		to	Day 31		Month October						Year 2024
Section A Statement of receipts and payments
		Unrestricted funds	Restricted funds			Expendable endowment funds					Permanent endowment funds			endowment		Total funds current period					Total funds last period	Total funds last
		to nearest £	to nearest £			to nearest £					to nearest £					to nearest £					to nearest £	to nearest £
A1 Receipts
Donations		96	-	-	-	-	-	-	-		-	-	-	-		96	96	96	96	96	-	-
Legacies		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Grants		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Receipts from fundraisingactivities		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Gross tradingreceipts		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Income from investments other than
land and buildings		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Rents from land & buildings		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Gross receipts from other charitable
activities		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
											-	-	-	-		-	-	-	-	-	-	-
*A1 Sub total*	*A1 Sub total*	96	-	-	-	-	-	-	-		-	-	-	-		96	96	96	96	96	-	-
A2 Receipts from asset & investment	A2 Receipts from asset & investment	A2 Receipts from asset & investment
sales
Proceeds from sale of fixed assets - - - - - - Proceeds from sale of investments - - - - - - A2 Sub total - - - - - - Total receipts 96 - - - 96 - A3 Payments ~~—=——~~
Expenses for fundraising activities		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Gross trading payments		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Investment management costs		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Payments relating directly to charitable
activities		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Grants and donations
		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Governance costs:
		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Audit / independent examination		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Preparation of annual accounts		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Legal costs		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
Other	Other	Other-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
																-	-	-	-	-
**A3 Sub total **		-	-	-	-	-	-	-	-		-	-	-	-		-	-	-	-	-	-	-
A4 Payments relating to asset and
investment movements
Purchases of fixed assets Purchase of investments *A4 Sub total* **Total payments **		- - - - - - - - - - - - - - - - - - - - - - - - ~~BSSa=~~
*Net receipts / (payments)* 96 - - - 96 - A5 Transfers to / (from) funds - - - - - *Surplus / (deficit) for year* 96 - - - 96 - ~~——————~~

APPENDIX 2

Portobello Community Media SCIO

SC053184

Section B Statement of balances

Details	Unrestricted funds to nearest £ - 96	Restricted funds to nearest £ - -	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
Cash and bank balances at start of year			-	-	-	-
Surplus / (deficit) shown on receipts and payments account			-	-	96	-
					-
					-
Cash and bank balances at end of year (Agree balances with receipts and payments account(s)) Details	96	-	-	-	96	-
	-	-	-	- asset belongs	-	-
			Fund to which		Market valuation to nearest £	Last year to nearest £





Details		Fund to which	asset belongs	Total Cost (if available) to nearest £	-	-
					Current value (if available) to nearest £	Last year to nearest £









Details			Total Fund to which l	-	-	-
				iability relates	Amount due to nearest £	Last year to nearest £





Details			Fund to which l	Total iability relates	-	-
					Amount due (estimate) to nearest £	Last year to nearest £



Signature			Print Name	Total	-	-
						Date of approval

						10 January 2025
						10 January 2025

2024 RP Accounts / Statement of balances

December 2007

APPENDIX 2

Portobello Community Media SCIO

SC053184

Section C Notes to the Accounts

C1 Nature and purpose of funds (may be stated on analysis of funds worksheets)

Unrestricted funds are those that may be used at the discretion of the Trustees in furtherance of the Objects of the Charity. The Trustees maintain a single unrestricted fund for the day-to-day running of the Charity. Restricted funds may only be used for specific purposes. Restrictions arise when specified by the donor or when funds are raised for specific purposes. The Charity maintains no restricted funds.

C2 Grants

C3a Trustee remuneration

Type of activity or project supported	Number of grants made £	Number of grants made £





	Total	-

If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b)		X
Authority under which paid		£

C3b Trustee remuneration - details

If no expenses were paid to any charity trustee during the period then cross (otherwise complete section 4b)	If no expenses were paid to any charity trustee during the period then cross (otherwise complete section 4b)	this box
	Nature of transaction	Number of trustees £





Nature of relationship		Transaction amount (£) Balance outstanding at period end (£)

C6 Other information

2024 RP Accounts / Notes

December 2007

APPENDIX 2

Portobello Community Media SCIO

SC053184

Additional analysis (1)

Analysis of receipts and payments

1 Donations

1 Donations
	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
Membership Fees	75				75
Other Donations	21				21
					-
					-
Total 2 Grants	96	-	-	-	96	-
	- Unrestricted funds to nearest £	- Restricted funds to nearest £	-	-	- Total current period to nearest £	- Total last period to nearest £
					-
					-
					-
					-
Total	-	-			-	-
	-	-			-	-

3 Gross receipts from other charitable activities

3 Gross receipts from other charitable activities
	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
					-
					-
					-
					-
					-
					-
					-
					-
Total	-	-	-	-	-	-
	-	-	-	-	-	-

4 Payments relating directly to charitable activities

	Unrestricted funds to nearest £	Restricted funds to nearest £	Expendable endowment funds to nearest £	Permanent endowment funds to nearest £	Total current period to nearest £	Total last period to nearest £
					-
					-
					-
					-
					-
					-
					-
					-
					-
					-
					-
Total	-	-	-	-	-	-
	-	-	-	-	-	-

2024 RP AccountsAdditional notes (1)

December 2007

APPENDIX 2

SC053184

Additional analysis (2)

Receipts 5 Breakdown of unrestricted funds	Unrestricted fund 1 - enter name of fund below General Funds	Unrestricted fund 2 - enter name of fund below	Unrestricted fund 3 - enter name of fund below	Unrestricted fund 4 - enter name of fund below	Total unrestricted funds	Total unrestricted funds last period
Donations	96				96
Legacies					-
Grants					-
Receipts from fundraisingactivities					-
Gross tradingreceipts					-
Income from investments other than land and buildings					-
Rents from land & buildings					-
Gross receipts from other charitable activities					-
*Sub total* Receipts from asset & investment sales	96	-	-	-	96	-
					-
Proceeds from sale of fixed assets					-
Proceeds from sale of investments					-
*Sub total* *Total receipts* Payments	-	-	-	-	-	-
	96	-	-	-	96	-
					-
Expenses for fundraisingactivities					-
Gross trading payments					-
Investment management costs					-
Payments relatingdirectlyto charitable activities					-
Grants and donations					-
Governance costs:					-
Audit / independent examination					-
Preparation of annual accounts					-
Legal costs					-
					-
					-
*Sub total* Payments relating to asset and investment movements	-	-	-	-	-	-
					-
Purchases of fixed assets					-
Purchase of investments					-
*Sub total* *Total payments* *Net receipts / (payments)* Transfers to / (from) funds *Surplus / (deficit) for year*	-	-	-	-	-	-
					-
	-	-	-	-	-	-
					-
	96	-	-	-	96	-

					-

	96	-	-	-	96	-
					-
Nature andpurpose of funds

2024 RP AccountsAdditional notes (2)

December 2007

APPENDIX 2

SC053184

Portobello Community Media SCIO

Additional analysis (3)

6 Breakdown of restricted funds

6 Breakdown of restricted funds
Receipts	Restricted fund 1 - enter name of fund below	Restricted fund 2 - enter name of fund below	Restricted fund 3 - enter name of fund below	Restricted fund 4 - enter name of fund below	Total restricted funds	Total restricted funds last period
Donations					-
Legacies					-
Grants					-
Receipts from fundraisingactivities					-
Gross tradingreceipts					-
Income from investments other than land and buildings					-
Rents from land & buildings					-
Gross receipts from other charitable activities					-
*Sub total* Receipts from asset & investment sales	-	-	-	-	-	-
					-
Proceeds from sale of fixed assets					-
Proceeds from sale of investments					-
*Sub total* *Total receipts* Payments	-	-	-	-	-	-
	-	-	-	-	-	-
					-
Expenses for fundraising activities					-
Gross trading payments					-
Investment management costs					-
Payments relating directly to charitable activities					-
Grants and donations					-
Governance costs:					-
Audit / independent examination					-
Preparation of annual accounts					-
Legal costs					-
					-
					-
*Sub total* Payments relating to asset and investment movements	-	-	-	-	-	-
					-
Purchases of fixed assets					-
Purchase of investments					-
*Sub total* *Total payments* *Net receipts / (payments)* Transfers to / (from) funds *Surplus / (deficit) for year*	-	-	-	-	-	-
					-
	-	-	-	-	-	-
					-
	-	-	-	-	-	-

					-

	-	-	-	-	-	-
					-
Nature andpurpose of funds

2024 RP AccountsAdditional notes (3)

December 2007

APPENDIX 3 ’ Independent examiner s report on the accounts V2

Report to the Charity name trustees/members of Portobello Community Media SCIO

Registered charity number	SC053184
On the accounts of the	Period start date Period end date
charity for the period	Day Month Year Day Month Year 12 March 2024 to 31 October 2024
Set out on pages	(remember to include the page numbers of additional sheets)

Respective responsibilities of trustees and examiner	The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner’s statement	My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement	In the course of my examination, no matter has come to my attention [other than that disclosed on the attached page*] 1. which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and • to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper e reached.
Signed:	Date:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:

*Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page.

APPENDIX 3 Disclosure section Only COMete if the exaniw needs to highlvJht materia yd)lems. Glve here brlef detalls of any items that the examiner wishes to disclose