SPIRIT OF PLYMOUTH (RADIO) LIMITED
The charity was engaged in setting up, running, promoting and fundraising for Cross Rhythms Plymouth, the new community radio station for the city. The content of the programming is contemporary Christian music with a mix of local news and community events information. Studio premises were secured and a radio studio was built and equipped.A transmitter was erected and approved by Ofcom.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £10,463 for the year ended 31 December 2024, with unrestricted funds increasing to £17,487. However, the trustees note that current fund levels are insufficient to maintain their stated reserves policy target of covering three months' operating costs. The organization relies on a mix of grants, gifts, and advertising income to sustain its operations.
What the accounts disclose
“However, current fund levels do not allow this to be maintained.” — page 4
“Dave Simpson (son in law of one of the trustees Chris Cole) continues to be employed part time by the company. Remuneration was paid to Dave Simpson in the year totalling £9,824.” — page 11
“Dave Simpson (son in law of one of the trustees Chris Cole) continues to be employed part time by the company. Remuneration was paid to Dave Simpson in the year totalling £9,824.” — page 11
Trustees
- Christopher John Cole
- David Palmer
- Julie Suzanne Barlow
- Timothy Mockford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £110k | £99k |
| 31/12/2023 | £62k | £67k |
| 31/12/2022 | £39k | £39k |
| 31/12/2021 | £26k | £28k |
| 31/12/2020 | £28k | £24k |
Common questions
Is SPIRIT OF PLYMOUTH (RADIO) LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £10,463 for the year ended 31 December 2024, with unrestricted funds increasing to £17,487. However, the trustees note that current fund levels are insufficient to maintain their stated reserves policy target of covering three months' operating costs. The organization relies on a mix of grants, gifts, and advertising income to sustain its operations. Its FY2024 accounts were independently examined.
Who funds SPIRIT OF PLYMOUTH (RADIO) LIMITED?
Funders whose own accounts filings name SPIRIT OF PLYMOUTH (RADIO) LIMITED as a grant recipient include THE DEO GLORIA TRUST, THE BISHOP RADFORD TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE DEO GLORIA TRUST | FY2025 | £5k | |
| THE DEO GLORIA TRUST | FY2024 | £5k | |
| THE BISHOP RADFORD TRUST | FY2025 | £920 | Foundation Grants |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JERUSALEM TRUST | 1 | £100k |
| THE A S CHARITABLE TRUST | 1 | £17k |
| THE MAURICE AND HILDA LAING CHARITABLE TRUST | 1 | £15k |
| UBS UK Donor-Advised Foundation | 1 | £14k |
| WESTHILL ENDOWMENT | 1 | £10k |
| THE STUART HINE TRUST CIO | 1 | £10k |
| THE SCOPS ARTS TRUST | 1 | £3k |
| THE DAVID GIBBONS FOUNDATION | 1 | £2k |
Charities like this
- CROSS RHYTHMS
- PREMIER CHRISTIAN MEDIA TRUST
- LONDON MUSICIANS' COLLECTIVE LIMITED
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, PLYMOUTH
- PLYMOUTH VINEYARD
- PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHARLES WITH ST. MATTHIAS, PLYMOUTH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SPIRIT OF PLYMOUTH (RADIO) LIMITED | £110k | — | 0 | below | — | no doubt |
| CROSS RHYTHMS | £217k | — | 0 | unclear | — | no doubt |
| PREMIER CHRISTIAN MEDIA TRUST | £12.2m | — | — | unclear | — | no doubt |
| LONDON MUSICIANS' COLLECTIVE LIMITED | £301k | Over £60,000 | 1 | below | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, PLYMOUTH | £500k | — | 0 | above | — | no doubt |
| PLYMOUTH VINEYARD | £148k | — | 0 | unclear | — | no doubt |