Radio North Angus Limited

Registered number

SC245875

(A charitable company limited by guarantee)

Report and Financial Statements

31 March 2025

Charity Number: SC019260

Radio North Angus Limited

Company Information

Directors (Trustees of the charity)

Murray Nicoll, Chairman

Malcolm J B Finlayson, Managing Director

John Maidment, Treasurer

Ian Clark

Richard Irvine

Brenda Reid

Independent Examiner

Scotia Finance Limited

20 Forth Street

Edinburgh

EH1 3LH

Registered office

Arbroath Infirmary

Rosemount Road

Arbroath

Angus

DD11 2AT

Registered number

SC245875

Charity number

SC019260

Radio North Angus Limited
Registered number:		SC245875
Trustees Annual Report

The directors present their report and accounts for the year ended 31 March 2025.

Form and purpose of the Charitable Company
The charitable company was established to provide an independent local radio station with the remit of promoting health, welfare, voluntary organisations, educational establishments and the local economy and relief from loneliness whilst continuing to operate on a voluntary, non profit generating basis.

Activities and Accounts
Radio North Angus continued to operate efficiently throughout the year. There are four large media companies that own the vast majority of commercial radio stations in Britain. Economic factors have led to the centralisation of these stations resulting in the loss of a great amount of localness over the past 15 years, e.g. much of the output in Scotland is generated in Glasgow. There are a few stations that operate independently of which RNA is one, but is unique in maintaining a highly localised service from 5.30am to 2.00am the following day on FM, DAB, and online on entirely a voluntary basis. Rather than be profit-motivated, our remit is to provide support to the community by promoting statutory and voluntary organisations to achieve their goals whilst assisting businesses by offering the lowest rate of adverising in commercial radio. However, we are facing challenges in the forthcoming year. Over the past two years we have lost some presenters owing to two passing away, and others leaving due to ill health or family commitments. Accordingly, we are currently holding a recruitment campaign to attract prospective presenters. We have been obliged to transfer our Monifieth transmitter from the original High School, which is due for demoliation, to Seaview Primary and to bear the cost. Our commercial radio licence is due for renewal for a 12 year period at a fee of £15,000, for turnover in the region of £7,000 per annum. RNA had provided music, commentary, and public address equipment at a number of events across the county, and talks had been given to various groups. Programming was mantained at a satisfactory level along with financial stability. In conclusion, I wish to record grateful appreciation to the NHS and Angus Council, and to advertisers, business concerns, organisations, individuals, and the RNA volunteers for support throughout the financial year 1 April 2024 to 31 March 2025.
Financial performance The year ended with a small deficit of £950 (2024 deficit of £1,067). Reserves held at the year end were £17,065 (2024 £18,015). The directors are proactively working to increase advertising revenue.

Directors (Trustees of the charity)
Details of the directors who served during the year are shown below

	Murray Nicoll, Chairman
	Malcolm J B Finlayson, Managing Director
	John Maidment, Treasurer
	Ian Clark
	Richard Irvine
	Brenda Reid


Directors' responsibilities in relation to the financial statements
The directors acknowledge their responsibilties for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The directors are responsible for the preparation of the accounts in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Companies Act 2006.

This report was approved by the board on 9 December 2025 and signed on its behalf.



Malcolm J B Finlayson
Managing Director

Radio North Angus Limited
Independent Examiners Report


Independent Examiner's Report to the directors of Radio North Angus Limited on the
accounts of the company and notes to the accounts for the year ended 31 March 2025
set out in pages 5 to 8.

Respective Responsibilities of the Directors and Examiner
The Company’s Directors are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities and Trustee Investment (Scotland) 2005 Act and the Charities Accounts (Scotland) Regulations 2006. The Directors 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 Independent Examiner's Statement
My examination is 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 company 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 Directors 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. 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 Account 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 understanding of the accounts to be reached.


Stuart Harley FCCA
Chartered Certified Accountant

Scotia Finance Limited
20 Forth Street
Edinburgh
EH1 3LH

9 December 2025

Radio North Angus Limited
Statement of Financial Activities
(including income and expenditure account)
for the year ended 31 March 2025

	Unrestricted Funds		Unrestricted Funds
	2025		2024
£		£

Income from charitable activities	7,442		7,723

Expenditure on charitable activities	(8,392)		(8,790)

Operating loss	(950)		(1,067)

Loss for the financial year	(950)		(1,067)

Reconciliation of funds
Total unrestricted funds brought forward	18,015		19,082

Total unrestricted funds carried forward	17,065		18,015

Radio North Angus Limited
Registered number:		SC245875
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,232			6,532

Current assets
Debtors	4	3,120			4,199
Cash at bank and in hand		11,300			7,824
		14,420			12,023

Creditors: amounts falling due within one year	5	(1,587)			(540)

Net current assets			12,833			11,483

Net assets			17,065			18,015

Charity funds
Unrestricted funds			17,065			18,015

Total charity funds			17,065			18,015

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime



Malcolm J B Finlayson
Managing Director
Approved by the board on 9 December 2025

Radio North Angus Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The financial statements and accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice appplicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities SORP (FRS 102) and the Companies Act 2006.

	Income from charitable activities
	Income from charitable activities is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Reserves Policy
	The directors have agreed a reserves policy to hold sufficient reserves to cover the cost of the Independent Local Commercial Radio Licence which is due in July 2026 at an estimated cost of £15,000. Current reserves for 2025 are £17,065 (2024 £18,015).

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		0		0
	The charitable company is run and operated wholly by unpaid volunteers with no employees.


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				66,197
	At 31 March 2025				66,197

	Depreciation
	At 1 April 2024				59,665
	Charge for the year				2,300
	At 31 March 2025				61,965

	Net book value
	At 31 March 2025				4,232
	At 31 March 2024				6,532


4	Debtors		2025		2024
£				£

	Trade debtors		3,120		4,199


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Accruals		1,587		540


6	Other information

	Radio North Angus Limited is a charitable company limited by guarantee and incorporated in Scotland. Its registered office is Arbroath Infirmary, Rosemount Road, Arbroath, Angus DD11 2AT