SPIRIT OF PLYMOUTH (RADIO) LIMITED
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net deficit of £258 for the year ended 31 December 2022, resulting in a decrease in unrestricted reserves from £11,683 to £11,425. The trustees acknowledge that current fund levels do not allow the charity to maintain its stated reserves policy target of covering three months' operating costs. Despite this, the independent examiner confirmed that the accounts comply with accounting records and the Charities Act 2011.
What the accounts disclose
“The company would like to maintain its reserves at sufficient to cover 3 months' operating costs. 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 E8, 402.” — page 10
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?
The accounts state that the charity reported a net deficit of £258 for the year ended 31 December 2022, resulting in a decrease in unrestricted reserves from £11,683 to £11,425. The trustees acknowledge that current fund levels do not allow the charity to maintain its stated reserves policy target of covering three months' operating costs. Despite this, the independent examiner confirmed that the accounts comply with accounting records and the Charities Act 2011. Its FY2022 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 |
|---|---|---|
| THE DEO GLORIA TRUST | FY2025 | £5k |
| THE DEO GLORIA TRUST | FY2024 | £5k |
| THE BISHOP RADFORD TRUST | FY2025 | £920 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GOSHEN TRUST | 1 | £6k |