| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| WESTERN ISLES COMMUNITY RADIO |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| WESTERN ISLES COMMUNITY RADIO |
| WESTERN ISLES COMMUNITY RADIO |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 12 |
| WESTERN ISLES COMMUNITY RADIO (REGISTERED NUMBER: SC142936) |
| 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 |
| Western Isles Community Radio is a charity set up to deliver a community radio station to the western isles. |
| Isles FM plays an important and multi-faceted role in strengthening social cohesion and promoting community life and wellbeing in Lewis and Harris. |
| Our station is run by local people for local people, with audience feedback reflected in programming that is designed to bring people together around the distinctives of language, history, culture and local issues. Involvement with Isles FM has helped many people develop skills, build character, boost confidence and contribute towards a real sense of community |
| Through the reach of our programming, we promote the work of local clubs, schools, charities and social enterprises and share local news and information. Some of our listeners live in scattered and sparsely populated areas. Many of these, particularly the elderly, struggle with loneliness and isolation. Our programmes with their local flavour break into this loneliness, bringing a friendly voice into their homes and keeping people connected with their wider community. Similarly, residents in care homes remain connected with what is happening in their home villages by accessing output from our community radio station. Our programmes continuously strive to advance island heritage and culture, including the Gaelic language. Also, recognising the importance of both traditional and contemporary music in our culture, in partnership with the local arts centre in Stornoway, we will promote local musical events and festivals and provide a platform for local artists |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| Isles FM Has struggled financially over the period of Covid and Beyond. This has resulted in a substantial fall in income, through advertising and we have also struggled to maintain a good and healthy volunteer base. This year has resulted in a battle to remain operational, and the board have had to review the "way forward" and that involves a major revamp of the station, Registering for charitable status, Fundraising for essential repair work and looking into how we can follow the example of other community radio stations in the Highlands and employing a full time Station manager. |
| FUTURE PLANS |
| Future Plans for the Charity will involve |
| - Employment of a Station manager |
| - Fundraising - Public appeal, Local Business Appeal |
| - Funding applications |
| - More local involvement with other community groups |
| - Establishing a partnership with the Local volunteer center |
| - Revamping Station presentation and Schedules |
| - Establishing a Repair needs plan and costings |
| - Listener and community Survey |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, its Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| WESTERN ISLES COMMUNITY RADIO (REGISTERED NUMBER: SC142936) |
| Report of the Trustees |
| for the Year Ended 31 March 2025 |
| Registered Charity number |
| Registered office |
| Trustees |
| Independent Examiner |
| John E Moffat BA FCA |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| COMMENCEMENT OF ACTIVITIES |
| Western Isles Community Radio gained charitable status with effect from 29 November 2023. |
| The first accounts for the year ended 31 March 2024 are presented in accordance with the Charity SORP FRS 102, with the comparatives re-stated in charity format. |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Western Isles Community Radio |
| I report on the accounts for the year ended 31 March 2025 set out on pages four to twelve. |
| 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. |
| John E Moffat BA FCA |
| The Institute of Chartered Accountants in England and Wales |
| Mann Judd Gordon Ltd |
| Chartered Accountants |
| 26 Lewis Street |
| Stornoway |
| Isle of Lewis |
| HS1 2JF |
| 23 December 2025 |
| WESTERN ISLES COMMUNITY RADIO |
| Statement of Financial Activities |
| for the Year Ended 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities | 2 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 70,649 |
| WESTERN ISLES COMMUNITY RADIO (REGISTERED NUMBER: SC142936) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 6 |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 10 | ( |
) | ( |
) |
| NET ASSETS |
| FUNDS | 12 |
| Unrestricted funds | 70,649 |
| TOTAL FUNDS | 70,649 |
| 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. |
| WESTERN ISLES COMMUNITY RADIO (REGISTERED NUMBER: SC142936) |
| 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 |
| WESTERN ISLES COMMUNITY RADIO |
| 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. |
| The functional currency of the charity is the GB Pound (£). |
| The financial statements are rounded to the nearest £1. |
| 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. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| 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. |
| 2. | OTHER TRADING ACTIVITIES |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Advertising income | 15,131 | 23,178 |
| Mast rental charges released | - | 51,720 |
| WESTERN ISLES COMMUNITY RADIO |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Depreciation - owned assets |
| Patents and licences amortisation |
| 4. | 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. |
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Other trading activities |
| EXPENDITURE ON |
| Charitable activities |
| Total |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 70,649 |
| WESTERN ISLES COMMUNITY RADIO |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| licences |
| £ |
| COST |
| At 1 April 2024 and 31 March 2025 |
| AMORTISATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 7. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and | Computer |
| property | property | machinery | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 April 2024 and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Trade debtors |
| VAT |
| WESTERN ISLES COMMUNITY RADIO |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| VAT | - | 396 |
| Accrued expenses |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Other loans (see note 11) | 4,397 |
| 11. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.3.25 | 31.3.24 |
| £ | £ |
| Amounts falling between one and two years: |
| Other loans - 1-2 years |
| 12. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 70,649 | (15,861 | ) | 54,788 |
| TOTAL FUNDS | (15,861 | ) | 54,788 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 27,130 | (42,991 | ) | (15,861 | ) |
| TOTAL FUNDS | ( |
) | (15,861 | ) |
| WESTERN ISLES COMMUNITY RADIO |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 12. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 45,106 | 25,543 | 70,649 |
| TOTAL FUNDS | 45,106 | 25,543 | 70,649 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 74,898 | (49,355 | ) | 25,543 |
| TOTAL FUNDS | 74,898 | (49,355 | ) | 25,543 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.4.23 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 45,106 | 9,682 | 54,788 |
| TOTAL FUNDS | 45,106 | 9,682 | 54,788 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 102,028 | (92,346 | ) | 9,682 |
| TOTAL FUNDS | 102,028 | (92,346 | ) | 9,682 |
| WESTERN ISLES COMMUNITY RADIO |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 13. | RELATED PARTY DISCLOSURES |