IRIS Accounts Production v25.1.4.42 Other Company accounts True false Pounds 1.4.24 31.3.25 31.3.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1855962024-03-31SC1855962025-03-31SC1855962024-04-012025-03-31SC1855962023-03-31SC1855962023-04-012024-03-31SC1855962024-03-31SC185596ns0:CharitableCompanyLimitedByGuarantee2024-04-012025-03-31SC185596ns15:PoundSterling2024-04-012025-03-31SC185596ns11:FRS1022024-04-012025-03-31SC185596ns11:IndependentExaminationCharity2024-04-012025-03-31SC185596ns11:SmallCompaniesRegimeForAccounts2024-04-012025-03-31SC185596ns11:FullAccounts2024-04-012025-03-31SC185596ns11:CharitiesSORP2024-04-012025-03-31SC18559622024-04-012025-03-31SC185596ns16:EnglandWales2024-04-012025-03-31SC185596ns11:RegisteredOffice2024-04-012025-03-31SC185596ns0:Trustee22024-04-012025-03-31SC185596ns0:Trustee32024-04-012025-03-31SC185596ns0:Trustee42024-04-012025-03-31SC185596ns0:Trustee52024-04-012025-03-31SC185596ns0:Trustee12024-04-012025-03-31SC185596ns0:Trustee62024-04-012025-03-31SC185596ns0:Trustee72024-04-012025-03-31SC185596ns0:Trustee82024-04-012025-03-31SC185596ns0:Trustee92024-04-012025-03-31SC185596ns11:CompanySecretary12024-04-012025-03-31SC185596ns0:TotalUnrestrictedFunds2024-04-012025-03-31SC185596ns0:TotalRestrictedIncomeFunds2024-04-012025-03-31SC185596ns0:Activity82024-04-012025-03-31SC185596ns0:TotalUnrestrictedFundsns0:Activity82024-04-012025-03-31SC185596ns0:Activity8ns0:TotalRestrictedIncomeFunds2024-04-012025-03-31SC185596ns0:Activity82023-04-012024-03-31SC185596ns0:Activity92024-04-012025-03-31SC185596ns0:TotalUnrestrictedFundsns0:Activity92024-04-012025-03-31SC185596ns0:Activity9ns0:TotalRestrictedIncomeFunds2024-04-012025-03-31SC185596ns0:Activity92023-04-012024-03-31SC185596ns0:TotalUnrestrictedFunds2024-03-31SC185596ns0:TotalRestrictedIncomeFunds2024-03-31SC185596ns0:TotalUnrestrictedFunds2025-03-31SC185596ns0:TotalRestrictedIncomeFunds2025-03-31SC185596ns0:TotalUnrestrictedFundsns10:WithinOneYear2025-03-31SC185596ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2025-03-31SC185596ns10:WithinOneYear2025-03-31SC185596ns10:WithinOneYear2024-03-31SC185596ns10:AfterOneYearns0:TotalUnrestrictedFunds2025-03-31SC185596ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2025-03-31SC185596ns10:AfterOneYear2025-03-31SC185596ns10:AfterOneYear2024-03-31SC185596ns10:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-04-012025-03-31SC185596ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-04-012025-03-31SC185596ns10:FurnitureFittingsToolsEquipment2024-04-012025-03-31SC18559622024-04-012025-03-31SC18559632024-04-012025-03-31SC18559612024-04-012025-03-31SC18559612023-04-012024-03-31SC185596ns10:OwnedAssets2024-04-012025-03-31SC185596ns10:OwnedAssets2023-04-012024-03-31SC185596ns10:PatentsTrademarksLicencesConcessionsSimilar2024-04-012025-03-31SC185596ns10:PatentsTrademarksLicencesConcessionsSimilar2023-04-012024-03-31SC185596ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC185596ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC185596ns0:TotalUnrestrictedFundsns0:Activity82023-04-012024-03-31SC185596ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC185596ns0:TotalUnrestrictedFundsns0:Activity92023-04-012024-03-31SC185596ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC185596ns10:PatentsTrademarksLicencesConcessionsSimilar2024-03-31SC185596ns10:PatentsTrademarksLicencesConcessionsSimilar2025-03-31SC185596ns10:PatentsTrademarksLicencesConcessionsSimilar2024-03-31SC185596ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-03-31SC185596ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-03-31SC185596ns10:FurnitureFittings2024-03-31SC185596ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-04-012025-03-31SC185596ns10:FurnitureFittings2024-04-012025-03-31SC185596ns10:OwnedOrFreeholdAssetsns10:LandBuildings2025-03-31SC185596ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2025-03-31SC185596ns10:FurnitureFittings2025-03-31SC185596ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-03-31SC185596ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-03-31SC185596ns10:FurnitureFittings2024-03-31SC185596ns10:WithinOneYear2023-03-31SC185596ns10:BetweenOneTwoYears2025-03-31SC185596ns10:BetweenOneTwoYears2024-03-31SC185596ns10:BetweenTwoFiveYears2025-03-31SC185596ns10:BetweenTwoFiveYears2024-03-31
REGISTERED COMPANY NUMBER: SC185596 (Scotland)
REGISTERED CHARITY NUMBER: SC050922














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Caithness F.M. Limited

Caithness F.M. Limited






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 14

Caithness F.M. Limited (Registered number: SC185596)

Report of the Trustees
for the Year Ended 31 March 2025


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing 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
Objectives and aims
Caithness FM Ltd (CFM) was set up as a company limited by guarantee in 1998 listed as SC185596. It was originally envisaged as a charity, but under the rules of the day, did not qualify. In 2021 we applied for and were awarded charity status, listed as SC050922. This gave us several benefits such as exemption from business rates and water charges.
The aims and objectives of the company and charity are:
- The prevention and relief of poverty.
- The advancement of citizenship and community development.
- The advancement of the arts, heritage culture or science.

Included in these objects are:
- Run a community radio service to encourage disadvantaged and isolated rural populations to be fully aware of community affairs and opportunities.
- Liaise with other voluntary sector bodies, local authorities, UK or Scottish government departments and agencies, and other bodies, all with a view to furthering the company's objects.
- Establish and/or support any other charity and make donations for any charitable purpose falling within the company's objects. In support of this object, we run a Christmas Toy Appeal, with donated toys etc. distributed throughout the county of Caithness to disadvantaged families.

CFM broadcasts on 106.5 FM in the county of Caithness and on the internet. As such, we are regulated by OfCom [CR102144] for the FM broadcast and also by PRS/PPL for music rights on both broadcast and internet. These licences represent a considerable cost which needs to be covered by advertising and sponsorship. To date we have six regular sponsored shows and numerous short-term advertisements which need continual administration to maintain. We provide free advertising for local charities, art events and local job opportunities and interviews with local people and community organisations.

The station is run entirely by volunteers. Our current list of presenters is 19, each contributing an average of 2.6 broadcast hours per week. We are currently advertising for new presenters. The directors contribute considerably more in terms of management and maintenance. We report to OfCom on volunteer hours, which we estimate at 71 hours per week and a value of £52,000 at the agreed hourly rates.

The company directors are also trustees for the charity. They are:
- Robert (Robin) Young (Chairman)
- Jackie Johnson (Company Secretary)
- Roger Saxon (Vice-chairman)
- Barbara Saxon (Treasurer)
- Robert Johnson
- Kenneth McArthur
- Sand Owsnett
- Georgina Sprenger
All but two of these are also regular presenters on the radio.


Caithness F.M. Limited (Registered number: SC185596)

Report of the Trustees
for the Year Ended 31 March 2025

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Our sustaining service, which we switch to outwith our scheduled broadcast hours is the internet broadcaster Greatest Hits Radio for the North of Scotland (GHR), giving us a 24-hour output on FM and internet. Our original sustaining service, Moray Firth Radio (part of the same Bauer group as GHR), no longer broadcasts from the Highlands so we are the only local radio station for our area. We maintain 39 live broadcast hours per week, our Ofcom obligation (condition of licence) is for 35 hours. Currently we are on air from 6pm to 11pm daily and 2pm through to 11pm on a Saturday.

Our OfCom broadcast licence is current until 2029.

FINANCIAL REVIEW
Reserves policy
CFM has always operated a reserves policy based on the possibility of major equipment failure, not covered by our insurance. Although transmitting mast equipment is covered by insurance at £12.5k, we think it prudent to maintain a reserve of £3k in the event we could not broadcast from our current mast at Ben Dorrery, operated by Moray Firth Radio (Bauer Group).

FUTURE PLANS
We will make greater efforts to increase the sponsorship and advertising revenue, within the constraints set out by OfCom.

As in previous years, we accept donations of cash and new toys for our Christmas Toy Appeal. The Toy Appeal has been running for longer than we have been on air and continues to be well received and supported by the generous people and businesses of Caithness. Several local businesses and stores operate collection points for toys. The recipients are identified by volunteers from the Council's Social Work department. In Christmas 2024 the toys we supplied were distributed to an estimated 400 children in our home county of Caithness. We are considering setting up a sub-committee to run the CFM Toy Appeal, which already operates with a separate bank account.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
The charity encourages those members who wish to be considered for appointment as trustee to give written notice to the company prior to the AGM. The board is able to co-opt trustees at any time. All directors retire annually but are eligible for re-election.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC185596 (Scotland)

Registered Charity number
SC050922

Registered office
Neil Gunn Drive
Ormlie Industrial Estate
Thurso
Caithness
KW14 7QU


Caithness F.M. Limited (Registered number: SC185596)

Report of the Trustees
for the Year Ended 31 March 2025

Trustees
R Saxon
J Johnson
R Johnson
R Young
B Saxon
K S Mcarthur
S Owsnett
S Ross (resigned 24.9.24)
G Sprenger (appointed 30.9.24)

Company Secretary
J Johnson

Independent Examiner
Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Approved by order of the board of trustees on 9 July 2025 and signed on its behalf by:





B Saxon - Trustee

Independent Examiner's Report to the Trustees of
Caithness F.M. Limited (Registered number: SC185596)

I report on the accounts for the year ended 31 March 2025 set out on pages five to fourteen.

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) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) 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 the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as 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 connection with my examination, no matter has come to my attention :

(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 to comply with Regulation 8 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 understanding of the accounts to be reached.








Linda Cameron FCCA CTA CA
The Institute of Chartered Accountants of Scotland

Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

28 July 2025

Caithness F.M. Limited

Statement of Financial Activities
for the Year Ended 31 March 2025

2025 2024
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 52,030 17,441 69,471 71,731

Charitable activities 4
Radio Show 5,753 - 5,753 26,686

Investment income 3 11 - 11 11
Total 57,794 17,441 75,235 98,428

EXPENDITURE ON
Charitable activities
Radio Show 67,420 4,077 71,497 76,581
Toy Appeal - 17,558 17,558 20,695
Total 67,420 21,635 89,055 97,276

NET INCOME/(EXPENDITURE) (9,626 ) (4,194 ) (13,820 ) 1,152
Transfers between funds 15 (475 ) 475 - -
Net movement in funds (10,101 ) (3,719 ) (13,820 ) 1,152

RECONCILIATION OF FUNDS
Total funds brought forward 33,788 59,879 93,667 92,515

TOTAL FUNDS CARRIED FORWARD 23,687 56,160 79,847 93,667

Caithness F.M. Limited (Registered number: SC185596)

Balance Sheet
31 March 2025

2025 2024
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 163 - 163 192
Tangible assets 10 6,034 36,171 42,205 47,875
6,197 36,171 42,368 48,067

CURRENT ASSETS
Debtors 11 3,552 - 3,552 5,142
Cash at bank and in hand 14,938 22,801 37,739 44,745
18,490 22,801 41,291 49,887

CREDITORS
Amounts falling due within one year 12 (1,000 ) (475 ) (1,475 ) (1,475 )

NET CURRENT ASSETS 17,490 22,326 39,816 48,412

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,687

58,497

82,184

96,479

CREDITORS
Amounts falling due after more than one year 13 - (2,337 ) (2,337 ) (2,812 )

NET ASSETS 23,687 56,160 79,847 93,667
FUNDS 15
Unrestricted funds 23,687 33,788
Restricted funds 56,160 59,879
TOTAL FUNDS 79,847 93,667

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Caithness F.M. Limited (Registered number: SC185596)

Balance Sheet - continued
31 March 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 9 July 2025 and were signed on its behalf by:





B Saxon - Trustee

Caithness F.M. Limited

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised at the following annual rates:
Licences - 15% reducing balance

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Improvements to property - 5% straight line
Equipment - 20% straight line

TAXATION
The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

DONATED GOODS AND SERVICES
Donated goods and services are recognised as income when the charity has control over the item, any conditions associated with the donated items have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably.

GRANTS RECEIVED
Grants received in respect of capital expenditure are credited to the statement of financial activities in the period received in accordance with the guidance contained in the Statement of Recommended Practice.


Caithness F.M. Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

GRANTS RECEIVED
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

2. DONATIONS AND LEGACIES
2025 2024
£    £   
Donations and gifts received 15,856 17,891
Membership Fees 110 100
Donated goods and services 53,505 53,740
69,471 71,731

3. INVESTMENT INCOME
2025 2024
£    £   
Deposit account interest 11 11

4. INCOME FROM CHARITABLE ACTIVITIES
2025 2024
Activity £    £   
Sponsorship income Radio Show 2,363 3,953
Commercial income Radio Show 3,390 22,733
5,753 26,686

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£    £   
Depreciation - owned assets 5,873 6,639
Patents and licences amortisation 29 34

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.



Caithness F.M. Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. STAFF COSTS

The average number of employees in the year was Nil (2024 - Nil).

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 52,020 19,711 71,731

Charitable activities
Radio Show 8,290 18,396 26,686

Investment income 11 - 11
Total 60,321 38,107 98,428

EXPENDITURE ON
Charitable activities
Radio Show 70,429 6,152 76,581
Toy Appeal - 20,695 20,695
Total 70,429 26,847 97,276

NET INCOME/(EXPENDITURE) (10,108 ) 11,260 1,152
Transfers between funds 921 (921 ) -
Net movement in funds (9,187 ) 10,339 1,152

RECONCILIATION OF FUNDS
Total funds brought forward 42,975 49,540 92,515

TOTAL FUNDS CARRIED FORWARD 33,788 59,879 93,667

9. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2024 and 31 March 2025 600
AMORTISATION
At 1 April 2024 408
Charge for year 29
At 31 March 2025 437
NET BOOK VALUE
At 31 March 2025 163
At 31 March 2024 192

Caithness F.M. Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. TANGIBLE FIXED ASSETS
Improvements
Land and to
buildings property Equipment Totals
£    £    £    £   
COST
At 1 April 2024 15,068 18,780 91,570 125,418
Additions - - 203 203
At 31 March 2025 15,068 18,780 91,773 125,621
DEPRECIATION
At 1 April 2024 - 939 76,604 77,543
Charge for year - 939 4,934 5,873
At 31 March 2025 - 1,878 81,538 83,416
NET BOOK VALUE
At 31 March 2025 15,068 16,902 10,235 42,205
At 31 March 2024 15,068 17,841 14,966 47,875

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,490 5,142
Prepayments and accrued income 62 -
3,552 5,142

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other loans (see note 14) 475 475
Trade creditors 1,000 1,000
1,475 1,475


Caithness F.M. Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other loans (see note 14) 2,337 2,812

14. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year on demand:
Other loans 475 475
Amounts falling between one and two years:
Other loans - 1-2 years 475 475
Amounts falling due between two and five years:
Other loans - 2-5 years 1,426 1,426
Amounts falling due in more than five years:

Repayable by instalments:
Other loans more 5yrs instal 436 911

15. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.24 in funds funds 31.3.25
£    £    £    £   
Unrestricted funds
General fund 33,788 (9,626 ) (475 ) 23,687

Restricted funds
Toy Appeal 22,918 (117 ) - 22,801
Property refurbishment 36,961 (4,077 ) 475 33,359
59,879 (4,194 ) 475 56,160
TOTAL FUNDS 93,667 (13,820 ) - 79,847

Caithness F.M. Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

15. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 57,794 (67,420 ) (9,626 )

Restricted funds
Toy Appeal 17,441 (17,558 ) (117 )
Property refurbishment - (4,077 ) (4,077 )
17,441 (21,635 ) (4,194 )
TOTAL FUNDS 75,235 (89,055 ) (13,820 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 42,975 (10,108 ) 921 33,788

Restricted funds
Toy Appeal 23,902 (984 ) - 22,918
Property refurbishment 24,859 14,699 (2,597 ) 36,961
Online broadcasting 779 (2,455 ) 1,676 -
49,540 11,260 (921 ) 59,879
TOTAL FUNDS 92,515 1,152 - 93,667

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 60,321 (70,429 ) (10,108 )

Restricted funds
Toy Appeal 19,711 (20,695 ) (984 )
Property refurbishment 18,396 (3,697 ) 14,699
Online broadcasting - (2,455 ) (2,455 )
38,107 (26,847 ) 11,260
TOTAL FUNDS 98,428 (97,276 ) 1,152

Caithness F.M. Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

17. DONATED GOODS AND SERVICES

During the year, donated goods with the approximate value of £1,585 (2024 - £1,820) were received for the Toy Appeal and have been recorded as income with a corresponding expense recognised in the SOFA.
Volunteers' time in running the radio station has been valued at £47,000 (2024 - £47,000) and management time has been valued at £4,920 (2024 - £4,920) and has been recorded as income and a corresponding expense recognised in the SOFA. The amounts are calculated using OfCom rates.