Trustees' Annual Report and Accounts for the Year Ended 31 August 2022 for
National Association of Hospital Broadcasting Organisations (a Charitable Incorporated Organisation registered in England & Wales, no. 1015501) operating as Hospital Broadcasting Association (HBA)
National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
| Report of the Trustees | 1 - 8 |
|---|---|
| Independent Examiner's Report | 9 |
| Receipt and Payments Account | 10 |
| Statement of Assets and Liabilities | 11 |
| Notes to the Accounts | 12 - 13 |
National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
REPORT OF THE TRUSTEES
For the year ended 31 August 2022
The Trustees have pleasure in presenting their Annual Report and Accounts, for the year ended 31 August 2022.
This Report and the attached Accounts have been produced in accordance with the guidance provided by the Charity Commission in its “Receipts and Payments Accounts Pack (CC16)”.
LEGAL AND ADMINISTRATIVE INFORMATION
Registered Charity number
1015501 (England and Wales)
Working Name: Hospital Broadcasting Association
Date of Incorporation : 24 September 1992. Converted to a Charitable Incorporated Organisation on 19 September 2019. See ‘Governing Document’ section below for more details.
Principal Office:
19 Rowan Court Norwich Norfolk NR5 0RT
Trustees:
N. S. Dallard D. J. Huish G. McNaughton G. Medhurst (From 19/03/2022) M. R. Sarre S. A. Smette C. Hughes (from 19/03/2022)
Bankers:
CAF Bank Ltd Aldermore Close Brothers Treasury 25 Kings Hill West 1st Floor, 4th Floor Malling Block 18 10 Crown House London Kent Western House EC24 4FT ME19 4JQ Lynch Wood Peterborough PE2 6FZ
Independent Examiner: Argents Chartered Accountants 15 Palace Street Norwich Norfolk NR3 1RT
STRUCTURE, GOVERNANCE, AND MANAGEMENT Governing document
HBA is a Charitable Incorporated Organisation governed by its constitution.
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
Recruitment and appointment of Trustees
The Trustees are responsible for the overall governance of the Association. The Constitution allows for the Trustee Board to consist of:
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up to six Elected Trustees, elected by the Full Members for a three-year term of office, usually at the Annual General Meeting in March; and
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up to three Appointed Trustees, appointed by the other Trustees because of their particular knowledge and/or skills for a term of office determined by the trustees up to three years;
with the actual number being set by the Association’s members at general meetings. During the reporting period there was one Elected Trustee vacancy and two Appointed Trustee vacancies, which the Elected Trustees can fill as they see fit.
Induction and training of new trustees
New Trustees, Employees and other volunteers receive an induction on appointment, to enable them to effectively participate in the management of the Association.
All Trustees, and the vast majority of all HBA volunteers, are also members of hospital broadcasting organisations across the UK and are therefore truly representative of hospital broadcasting in the UK. This also means that they are very familiar with many of the issues that the Association and its members face, and the environment in which they operate.
Governance and organisational structure
The Association is governed by a board of trustees, who are responsible for overseeing strategy, direction and ensuring the charity’s finances are spent in accordance with its charitable objects.
The operational functions of the organisation are overseen by the Executive Director, with the support of a team of Executive Leads and volunteers who bring a variety of skills and experience to help the Association further its work.
During the reporting year the Trustees and Executive Director held hybrid meetings on a bi-monthly basis in person, with shorter, video-conference meetings held every other month. In addition, the President and Executive Leads are invited to Trustee Board meetings to provide reports, and to facilitate informed discussions and decision-making.
The Executive Director is responsible for the management of their team of Executive Leads and volunteers and provides a report to board meetings detailing the operational activities and progression of actions during the period.
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed, and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees undertake a review of financial, operational, and business risks at least annually, and have a number of policies and procedures in place to minimise risk. These include:
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specific role descriptions for the Executive Director, each of the Executive Leads and committees, setting out the limits of their delegated authority, together with a set of “Matters Reserved to the Trustee Board”, which cannot be delegated;
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financial management and reserves policies;
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expenses policies and claim procedures; and
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dual authority banking, requiring two Trustees to authorise every payment (excluding direct debits which are monitored by the Treasurer and Trustees).
OBJECTIVES AND AIMS
Charitable Objects
HBA is a Charitable Incorporated Organisation whose charitable objects are to promote the effectiveness and efficiency, for the public benefit, of organisations which:
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relieve sickness, poor health and old age by providing a local broadcasting service for hospitals, residential homes and similar institutions, and for patients receiving community care; or
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advance health and the prevention or relief of sickness through the promotion of the benefits of living a healthy lifestyle, and the importance of maintaining good personal mental and physical health by (mainly, but not exclusively) the means of broadcasting health education messages.
Mission Statement
The Association has a clearly defined mission – to support, inform, develop and represent hospital, health and wellbeing broadcasting in the UK. It aims to deliver this mission by:
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striving to influence policy and practice at a national level;
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disseminating information and advice to its member organisations;
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providing guidance and training to its member organisations; and
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encouraging the development of new stations.
Public Benefit
The Trustees have a timetable for regularly reviewing the public benefit provided by each aspect of the Association’s work, taking into account the statutory guidance on this subject issued by the Charity Commission. No significant private benefit was identified outside of that obtained incidentally during the course of Association’s charitable activities.
CHARITABLE ACTIVITIES
Support, advice and training to members
Due to the continued uncertainties caused by the coronavirus pandemic, the Association did not host an annual conference in 2022, instead hosting a range of member events online throughout the year. HBA maintains a “Shared Programming” list of syndicated programmes and features, the majority of which are available free-of-charge to member organisations.
We continued to provide information and advice to members on an individual basis via email and phone, through our team of specialist advisors, via our website and newsletter. Questions fielded were predominantly concerning management and charity governance issues, although advice and assistance was provided on programming, patient entertainment providers, Ofcom licensing, music copyright licensing, and technical distribution. Our team dealt with several enquiries relating to these areas.
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
Our website continues to be a source for news, resources and information for our member organisations, stakeholders and the general public. Following our Post-Implementation review of our 2016 Strategic Review, work is ongoing to overhaul the website to make it more user-friendly, improving navigation, so that users are able to find the information and support they need more effectively.
Our ‘learning hub’ is also in development with fifteen modules on small charity, Diversity Equity and Inclusion, and public health/hospital matters created and set up on our own Moodle platform.
Member Events
A new offering to our stations has been monthly Zoom social video conference calls, where station volunteers can provide peer support, engage with HBA, put questions directly to our Executive Director, and enjoy presentations from a range of guest speakers on both technical and charitable matters. These have included Small Scale -DAB, volunteering strategy, campaigning, the future of patient entertainment and a behind the scenes at the awards.
This has dramatically increased member engagement and user input into the charity. One session saw the birth of a new member benefit when it was suggested that we look into providing a nationwide Alexa ‘skill’, which is now in development. On visiting Leeds Hospital Radio, their chair thanked us for the provision of this stating “it’s just so valuable to benefit from everyone’s shared experience”.
National Hospital Radio Awards
In lieu of a conference this year the awards ceremony was held online on 29th August with shortlisting announcements from HBA Patron Alan Dedicoat. The awards have been an important part of supporting our member charities by improving morale in what remains a challenging time due to COVID within many services. The National Hospital Radio Awards are organised annually to encourage the highest artistic standards, and to highlight the high quality of the services that members provide.
The ceremony was produced in-house as a joint project between our communications team and the awards coordinator, culminating in a forty minute ceremony, revealing the winners.
The National Hospital Radio Awards are recognised by the media industry, NHS and other healthcare professionals as showcasing the voluntary achievements of hospital broadcasters, which can easily match the quality of professional radio programmes and stations. The John Whitney Award recognises the achievement, over a number of years, of an individual volunteer. The National Hospital Radio Awards continue to showcase the talent and commitment in hospital broadcasting with only minor tweaks to the categories and criteria.
A publicity “toolbox” was made available for category winners to use locally when promoting their achievements - consisting of draft press releases, graphics, statistics and quotations. Feedback suggests they have found the toolbox contents useful for providing a local impact, raising awareness of hospital broadcasting and volunteering across the media.
The Awards section of the website was also significantly upgraded this year, clearly separating and highlighting the winners in their respective categories, along with an embedded audio player, station logo and judges’ comments.
Recognition Certificates
During this reporting period, the Association has continued to recognise the long service to hospital, health and wellbeing broadcasting of both individual volunteers and member organisations by issuing commemorative certificates. This year we have had a refresh and redesign on the certificates themselves and the service process has been reviewed. We have also introduced a new certificate for recognition of volunteers, irrespective of their length of service.
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
While we only have data for March to August this period outstripped the previous year with a total of 47 individual certificates issued, recognising 1185 years of voluntary service to hospital, health and wellbeing broadcasting. Two station certificates were issued for stations celebrating their 70th anniversaries and one new recognition certificate was issued for the creation of two new programmes.
Financial assistance to hospital, health and wellbeing broadcasters
Our Grants programme enables member organisations to purchase equipment or other materials required by them which they are unable to afford to purchase from their own funds. One one successful application was received this year, which can be seen in the financial section of the report. The Association acknowledges the need to raise awareness of grants to its members, and showcasing the benefits.
We extended COVID emergency grants, however despite being low on running costs many stations perceived themselves to have too much in reserves (often set aside for large upgrade projects) to be eligible. We will be working to make our position on assigned reserves clearer in our new grant application process.
Our grants’ team leader and executive director have taken this time to review and simplify the process and are now looking to review how to help stations explain their reserves into restricted, unrestricted and designated to demonstrate their availability.
Working at a national level
We have represented our members through engagement with national stakeholders including WiFi Spark (including Hospedia), Phonographic Performance Society Ltd (PPL), The Performing Rights Society (PRS), The Radio Academy, Ofcom, the Student Radio Association, Independent Radio News and Radio News Hub.
HBA has shared our impact report and our COVID update with Heads of Communications and Patient Experience directly in every NHS authority hosting a hospital radio station. We also represented hospital radio at the Audio and Radio Industry Awards (ARIAs) in London.
We continue to monitor developments and announcements from all Patient Entertainment System providers, and have facilitated station engagement with WiFiSpark who are intending to make entertainment free at the point of use with developing promotional materials (for Hospedia) featuring hospital radio and instigating a pilot of their new system in Exeter.
Bauer Media Group returned to collaborate with audio for Absolute Radio Pirates, which was taken up by many stations.
We have engaged with Amazon to support stations using online broadcasting through the development of an Alexa skill to be launched next year.
Strategic Review
Following a restructuring programme that started in 2016, the Trustees commissioned a postimplementation review with an external facilitator to assess the success of the restructuring. This was completed in February 2021, with recommendations to improve the culture, clarity and capacity of the organisation in order to meet our ambitious objectives.
After careful deliberation and discussion with external consultants, the trustees recruited and appointed an Executive Director in August 2021 - our first paid member of staff.
Having an Executive Director in post is hoped to make the distinction between governance and operations clearer, thus giving the trustees’ more capacity to focus on the strategic direction of HBA. Since then HBA has undertaken extensive branding research with members and stakeholders, and hired
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
a consultant to provide suggestions for a new name. Our new name is now decided and will be unveiled at our 2023 conference.
The report highlighted cause for concern surrounding the organisation’s culture. The trustees have begun to address this, through a ‘reset’ meeting, facilitated by an external counsellor, Julian Lomas. The board has introduced a Code of Conduct for the organisation, and the Trustees, Executive Director and volunteers have committed to ensuring the high standards are upheld throughout office.
As part of the ‘Reset’ meeting, a discussion was held around Equality, Diversity and Inclusion. The Trustees agreed that the Association needed to do more going forward to represent the breadth of equality and diversity of volunteers from across the hospital, health and wellbeing broadcasting community.
There is now a need for strategy work to address the clarity of who we serve going forward and how to best support them.
The Trustees have continued to review the Governance of the Association, by adopting the Charity Governance Code for Small Charities, setting aside regular board meeting time to review compliance. A Trustee Skills audit was also undertaken by the Executive Director, in order to identify gaps in the skills and learning of the current trustee board. This will help the Association to recruit new trustees by advertising for vacancies with specific skill sets .
PERFORMANCE TARGETS
PERFORMANCE TARGETS For the period 1 September 2021 to 31 August 2022
1. To continue to provide a wide range of events and services to HBA’s members, including a national conference and awards ceremony, and a range of news, information, advice and guidance though may be in a virtual environment.
Target met.
2. To provide the services and events within agreed budgets, and to operate within an overall, agreed budget.
Due to the reorganisation and development of the HBA and with now having an employed Executive director along the loss of the main conference we would have ended up with a deficit but as PPL paid two years of catchup corporate support this was avoided going forward next year is expected to be in deficit and coming back into balance in 2023/24
3. To further develop awareness, and increase the uptake, of HBAs services to members.
Stations have benefited from discussion opportunities in Zoom Social meetings and an increased responsiveness on the Facebook group signposting to services. This is slowly increasing awareness and uptake of services. The Comms Executive have done an excellent job of advertising the new Zoom socials.
4. To redevelop the website to enhance the functionality and user experience.
A website redevelopment team has agreed on web design and CRM system developers to take the project forward. After extensive initial proposal interrogation, paid hours to develop a full, detailed specification and quote have been approved by trustees. A focus group and other user
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
experience/feedback has been collected to enhance the executive directors alignment of the site and CRM with operational reviews.
Our online learning and training platform is due to be launched in the next year, and our podcast network is already running with one initial podcaster performing at a commercially viable level to be converted into an income stream.
5. To finalise and implement a strategy to increase the impact of the Association.
- With the evolution of hospital, health and wellbeing broadcasting and some of our members demonstrating the advancement and diversification of their own organisation’s, the HBA trustees recognise the need to be representative and encourage change, in line with public health guidelines around health prevention.
Whilst a strategy is not yet in place, the trustees have begun discussing and reviewing possible areas for expansion of the Association’s membership and considering how it can best support its current membership to increase its impact and raise awareness of hospital, health and wellbeing broadcasting.
7. To set aside board time to comply with the best practice set out in “The Charity Governance Code”.
The Trustees have regularly set aside board time to review our compliance and to ensure that best practice is followed. This will continue to be reviewed on an annual basis.
For the period 1st September 2022 - 31st August 2023
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To continue to provide a wide range of events and services to HBA’s members with the return of face-to-face events, as well as online/hybrid events, including a national conference and awards ceremony plus a range of news, information, advice and guidance.
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To provide services and events within agreed budgets, and to operate within these agreed parameters.
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To further develop engagement and uptake of HBA’s services to its members.
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To raise awareness of HBA to external stakeholders who may help benefit the association and its members.
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To relaunch the HBA website to include an enhanced user experience with accessibility and functionality in mind, and to include an additional Learning Hub area for all members.
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To modernise and future-proof the association through rebranding and the production of a defined and realistic strategy to increase the association's impact.
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Invest time and resources in up-skilling those who volunteer across the association to increase the capability, morale and engagement in all areas.
FINANCIAL REVIEW
The Statement of Assets and Liabilities on page 11 shows the Association at the end of the financial period with a surplus of £12,536. Due to receiving a corporate donation from PPL for two years to make up for missing the previous year As mentioned in last years report we have taken on a paid Executive Director which has increased our expenditure greatly and would eventually be unsustainable but going forward it is envisaged that a number of new income streams will be created to fill the gap.
As mentioned in last year’s report, the late cancellation of the conference in 2020, the hotel has generously transferred the booking and retained discount to our 2023 conference.
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
We budgeted £6,000 to be awarded to member organisations on application. The amount awarded this year was £1,500. The grant recipient was:
- Arrowesound Myriad Upgrade
Overall, the Association is still financially sound and has significant cash reserves. The closing balances can be seen on page 11, a significant proportion of the reserves are held in deposit accounts, arranged to maximise the income whilst affording maximum protection from the Financial Services Compensation Scheme.
The Association has a set of Financial Management Policies which define the controls to be implemented to ensure that the Association’s assets are secure. These policies meet all the requirements of the Charities Act 2011 and the Charity Commission guidelines “Internal Financial Controls for Charities”.
The Association has a Financial Reserves Policy which details the reasons why it needs to retain a certain level of reserves to enable it to continue to operate in case of certain eventualities. The policy meets the Charity Commission guidelines "Charities and Reserves".
In preparing this report, the Trustees have opted for independent examination under the Charities Act 2011 and to use receipts and payments accounting.
The Trustees confirm that all the relevant information has been made available to the Association’s advisers to assist in the preparation of the attached financial statements.
Approved by order of the Trustee Board and signed on its behalf by
05/12/22 Grant McNaughton Chairman
05/12/2022 Mike Sarre Treasurer
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National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association Trustees’ Annual Report & Accounts for the year ended 31 August 2022
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report to the trustees on my examination of the accounts of the National Association of Hospital Broadcasting Organisations (“the Charity”) for the year ended 31 August 2021, which are set out on pages 11 to 14.
Responsibilities and basis of report
As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Johnstone ICAEW Argents Chartered Accountants 15 Palace Street
NORWICH Norfolk NR3 1RT
20 December 2022
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National Association of Hospital Broadcasting Oryanisations operating as Hospital Broadcasting Association Trustees'Annual Report & Accounts for the year ended 31 August 2022 RECEIPTS AND PAYMENTS ACCOUNT For the Year Ended 31st Au SI 2022 2021122 2020121 Unreslricted Restricted Total INCOME C(¥potate Support t)onatior Membership Sthcriplwjns Member Events Interest NOTE 41000 8.655 500 1.272 10.421 8,655 19,500 1.272 7S427 7,950 15.2rx]I 1.392 4,142 2. 11 I9.0 6SWO Charitable E ndiiure Member Events MemborSer¥l¢es PTr5k1ent Stakehoklpr ReLqlu Communieatirr Salaties Pensn5 & NalvJn* IuCe Cworate se 42 2.159 195 142 2,201 195 190 11.199 34,037 3.177 50.999 5,876 IIDte 5 48 11.199 24,335 226 35.850 10 Note 7 9,702 1951 15.149 16.386 Governance Governan EXpeS 9J51 11.820 38,319 24,500 62,819 SURPLUS OF INCOME OVER EXpENDVRE 121.8921 40.500 11608 (211841 Transfer5 bettween thnd% Total lund5 tsrought fotwdr¢J 172398 144,406 177,098 189,706 199,282 177,098 The wete no Olhetgal and kKsse5 dumg Ihe yearapart Ircffi the Income and Expenditure sh)wn. Page 10
National Association of Hospital Broadcasting Organisations operating as Hospital Broadcasting Association
Trustees’ Annual Report & Accounts for the year ended 31 August 2022
STATEMENT OF ASSETS & LIABILITIES
| As at 31 August 2022 Opening Balances on 1st September 2021 CAF Cash current account Close Brothers Aldermore Easy Access Petty cash PayPal Add: Financial results for this year Transfers between funds Cash Funds at year end Closing balances on 31st August 2022 CAF Cash current account Close Brothers Aldermore Easy Access Petty cash PayPal |
Unrestricted £ 46,513 60,485 65,103 50 147 172,298 (27,892) - 144,406 47,923 20,819 75,540 50 74 144,406 |
Restricted £ - 4,800 - - - 4,800 40,500 - 45,300 - 45,300 - - - 45,300 |
Total £ 46,513 65,285 65,103 50 147 |
||
|---|---|---|---|---|---|
| 177,098 12,608 - |
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| 189,706 47,923 66,119 75,540 50 74 |
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| 189,706 |
The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.
For further information regarding the restricted funds, see Note 7. All other funds held at year end are unrestricted and available to be applied in furtherance of the Association's charitable objectives at the discretion of the Trustees.
ASSETS RETAINED FOR THE ASSOCIATION'S OWN USE
IT Equipment, 2 x laptops, 2 x projectors & an assortment of cables and accessories Audio Equipment - 2 x PA amplifiers & Speakers with an assortment of Mics, Stands & cables Display Equipment - A selection of Pods, Display frames & roll up banners Power - A range of mains extention leads, cable protector & safety cutout
Signed on behalf of the Trustees,
……………………………………… ………………………………………………………. Grant McNaughton Mike Sarre Chairman Treasurer Date 05/12/22 Date 05/12/22
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National Association of Hospital Broadcasting Oryanisations operating as Hospital Broadcasting Association Trustees'Annual Report & Accounts for the year ended 31 August 2022 NOTES TO THE ACCOUNTS 2021122 2020121 Unre51ricte41 Restricted Total Tot41 MFklBER$HF INCOME 8.025 3D 8.025 30 7.(t10 bscrpkns. As50Biak Members Z MEAIBER EVENTS INCOME Awwds Spc•isrnhy CL¥iference Oelegal? Fee5 500 10.OtK> 10.5ts) 152001 p,oDJ jo 5200 National Hwta RatkoAwaid5 Ccffjference cference Gen¥¥ (Voknlw Expwaesl Stall( Granls 1.SDJ J.810 Trav & Su51rKe 42 42 5.876 AmbÈssÈd(l klÈÈiitys (VL4unlÈÈr Exwsos I 195 195 195 48 48 Pri1. P05tsF & Statio Travd & SuS 142 142 142 190 10 7. COMMUNICATTh4S EXPEMSES LcTrJ 5er¥ice cnificate5 2V 850 10.32D 10.320 rr Costs Bank Ch&r9E5 Pri1. Postspp & St•tiorwy TdÈphcl 1754 2.121 228 226 226 Page 12
National Association of Hospital Broadcasting Oryanisations operating as Hospital Broadcasting Association Trustees'Annual Report & Accounts for the year ended 31 August 2022 Notes to accounts continued... 9. GOVERPiANCE EXPENSES 1.140 784 147 1.14D 784 147 2.1X) surance Mprnbw5hip & Reuistr¥lwJn FeE5 Consulkaw Fees- SlratQgic ro¥ivw Tru5tse Tra1 1.CoJO 0.132 2.40 10. Pa s4ry Ernp4¢JJErNI & Perwi 23.547 788 .702 3324 788 I. FAOVEMENTS V4 RESTrTED FUNDS Transf•r H4&IeTerw Cle 8ur54rEs 9.tyjo 4500 11500 14.mo 7.500 18.INIO 4,WO 10,000 DeYdopmer1lTrain9 HUAdrrMni5trab¢)n Swporl vOnIEer expenses NaIal Hospita RathtsA¥A 1.0 11.OINJ 4.OlXI 10.fyjo ThÈ rtstritdthfftds listsd #bts¥È grfrI Phow¢Wit P•fmNI IPPLI. of ts UK¥ eclw bothes. PPL hHs rEquest2d thatproporntion5 oflhe grant bealhxated to differenta5pei45 olthe ASSOCIDkn ryk. a5 - SPOn50rship oflho AsSC¢HI.s n•tiDna confruK•.' -devèlownèntar tralnll)o ofh¢)sphal lad5 )nIÈts". -tro¥d aThd sUbstere expensesfor H8A lteerS.. and -mIrstraIe 5LVPOrtfor HBA'S 5uppothg and rEpresenb"w rath'o UK. Thts SLthmaryalamtY2urts dAknm tr• rnbIS@ PaWmrtS Inrd thlslc¥r•lO ¢wlon HBA lr$S or of eqYentIorthe H8A Darran Hsh 1.643 Mthe s3 TfU5tee5 have puKh&5ed 8 c01nprthen5i Olin5UW CDverat¥ very rompebbve rth. ID iTrYomnty the Trust4è5 4ganSt IhÈ c1anwuC5 of any nw ordèfatsttoTh thirparL Alcl[u1 considorakn. th• Trus&p•s ha¥e cOrded thHt purchas0 thi5 02fflweher&Ne pa39e ofirbsur4nce oJvert5 Ihe moslcostthbw means of tho 4. ACC(XINTV4G POLKES ThE As50C4aon is a Chaitsble Incwatsd CyTh5ation a. as su(. i5go¥emed bythe tharibe5 Ao* 2011. As it hAS both 55 itKxJrTr of mt 2250. 133 rflhatActerthsthi5 ttsitykn ha5 and pres. Page 13