.I.WINCHESTER LJ RAD1094;7 DAB•ONLINE WINCHESTER RADIO A Charitable Incorporated Organisation registered in England and Wales, no. 1160752 Trustees. Annual Report and Accounts 2022 Trustees. Annual Re ort & Accounts 2022 Winchester Radio I get involved with many asperts of the station, from being a trustee to engineering to presenting to fundraising. Volunteering here at Winchester Radio is good fun. We have a real variety of people with different personalities and abilities, and they're great fun to work with. Paul Blitz with his National Hospital Radio Award. HM Queen Elizabeth 11 Floral Tributes Winchester DAB network launch day, October 2022 400th Winchester ParkRun Centenary celebrations of timetabled buses in the city with the FOKAB charity team HIT: 4-, Mary Interviewing at the Hat Fair Thank you for organising a lovely event. So nice to see old friends and meet new people and well done on raising such a great arnount. 3rd FM Birthday Get-together and Fundraiser at 'Rick Stein Winchester, Page I Trustees. Annual Re ort & Accounts 2022 Winchester Radio Trustees. Annual Report The Trustees present their Report ond Accounts for the year ended 31st December 2022. The accounts have been prepared in accordance with the accounting policies set out in Note I to the accounts, and comply with the charity's Governing Document, the Charities Att 2011, and "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 {FRS102) Second Edition (effective l January 2019}" The Trustees have considered their duties in accordance with the Charity Commission's regulations. The review of artivities and achievements is contained below, and the Trustees believe that it gives a true record of the work the charity has done in fulfilling its charitable purposes for public benefit. The Trustees believe they have complied with their duty. contained in Section 4 of the Charities Art 2011, to have due regard to public benefit guidance published by the Charity Cornmission. Organisation Winchester Radio is a Charitsble Incorporated Organi5ation registered in England and Wales on 4th March 2015 and governed by a constitution signed on 26tn November 2014. It merged with Winchester Hospitals Radio {WHR) in December 2015, and took over the provision of the hospital radio service at the Royal Hampshire County Hospital in Winchester. On 24th March 2019, the charity launched its new health and wellbeing community radio service, specifically for older people living in and around the Winchester area, broadcasting on 94.7FM, and online via its website. the UK Radioplayer app, and a "skill" enabling listeners to ask "Alexa" to "play Winchester Radio" From the beginning of October 2022, the service has also been available on DAB Digital Radio via the Winchester Srnall-scale DAB network, providing coverage to a somewhat larger area around Winchester, including Alresford, and increasing our total potential broadcast audience to approximately 77, 000 people. Winchester Radio is managed by the Charity Trustees. the majority of whom are elected by the membership. New Trustees receive a Trustee pack, which includes Charity Cornrnission guidance on their role and responsibilities. and induction training during their first 6 rnonths in office. Throughout the year, Winchester Radio continued to operate wlth almost no pald staff, being run by a membership of volunteers. Winchester Radio has always benefited from having a diverse and intergenerational team of volunteers - during 2022, the service was delivered by a team of around 25 volunteers, ranging in age from 20 to 83. Charitable Objects Winchester Radio has two objerts: "the relief of sickness, poor health and old age amongst people living in the area served by the Hampshire Hospitals NHS Foundation Trust or its successors by providing a local broadcasting service for hospitals, residential homes and similar institutions, and for patients receiving cornmunity care. and "the advancement of health and prevention or relief of sickness for the public benefit 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 to people living in the area served by the Hampshire Hospitals NHS Foundation Trust or its successors. These objects are based on the model wording agreed between the Hospitsl Broadcasting Association {HBAI and the Charity Commission. Winchester Radio provides a hospital radio service to patients at the Royal Hampshire County Hospital (RHCH) via the bedside entertainment system in furtherance of the first objett. Page 2 Trustees. Annual Re ort & Accounts 2022 Winchester Radio It is in furtherance of the second object that Winchester Radio has launched Its community radio service for the local population outside the hospital (primarily those aged over 501, with the intent of helping and encouraging them to live a healthy and artive life in the local community, and thus requiring them to make less use of the health services. Related Organisations Winchester Radio is proud to be a member of a number of support organisations for the voluntary sertor, and wish to extend our thanks and appreciation to them for the information and training they offer throughout the year. Winchester Radio is a member of the Hospital Broadcasting Association (HBAI, the national charity that supports and promotes hospital, health and wellbeing broadcasting in the UK- the Community Media Association (CMAI, the organisation which supports and advocates for community media, and the UK Community Radio Network {UKCRN). which supports and advocates specifically for Ofcom-licensed community radio stations. Our members regularly participate in the national conferences and training events organised by the HBA, CMA, and UKCRN. Winchester Radio is also a member of the National Council for Voluntary Organisations I NCVOI. Winchester Radio was also proud to be a member of the Small Charities Coalition an organisation that did much to champion and support small charities and provide high quality training opportunities - but which closed in Spring 2022. Throughout the period of this report Winchester Radio was also a member of the Foundation for Social Improvement I FSII, but that national support charity for small charities also closed in 2023. It is tragic that two such excellent organisations, that championed and supported so well small charities, have now ceased operations as they did not receive enough funding support to continue. We are very grateful to both for the invaluable training and expertise. along with the passion they shared for the significant contributions that small grassroots charities make in the world - be it in response to need in their local community or further afield. Locally, Winchester Radio is a member of Cornmunity First, one of the local Councils for Voluntary Service. Winchester Radio's Chairman represents Winchester Radio on a number of local community and volunteer-sector leaders, groups. health forums and business networks, including the Winchester Distrirt Older People's Partnership (WDOPP}; Dernentia Friendly Winchester; the Hampshire & Isle of Wight Social Prescribing Network,. the Hampshire & Isle of Wight ICS'S Winchester Health and Wellbeing Community Fomm,. and attends networking events/meetings organised through the year by Winchester BID. Winchester Radio's Treasurer continues in his role as one of HBA'S Trustees. Being part of such networks helps Winchester Radio keep up-to-date on developments across all the settors we operate in, encourages collaboration and sharing of best prartice, and most importantly of all, it highlights the issues afferting people we support. This in turn means we can ensure our programming includes coverage of these issues and signposting to appropriate support, and that our community outreach work meeting older people helps raise awareness of how our service can help them keep connected, and promote positive ageing. Winchester Radio maintains a good working relationship with the nearby University of Winchester, and the volunteer team includes alumni from the University. The charity is also an official community Partner for the University's annual "Volunteering and Community Champions Awards" Hampshire Hospitals NHS Foundation Trust (HH￿) manages the RHCH, where Winchester Radio's studio and FM transmitter are based, and where it delivers the hospital radio service. The RHCH is one of three hospitals managed by the Trust. Winchester Radio's Chairman liaises throughout the year with members of HH￿'S Senior Management Team, and does broadcast interviews with members of the Board and clinical staff, often to tie in with local events or current health campaigns. Winchester Radio depends upon the seNices of H05pedia Ltd. the company that owns and runs the bedside entertainment system through which its programmes are delivered to patients at the RHCH. Since Ottober 2022. Winchester Radio also depends on UK DAB Page 3 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Networks (Operations) Ltd, the operator of the Winchester Small-scale DAB network for its DAB digital radio coverage. Review of Activities and Achievements Programming aims Winchester Radio's aim is that our service- l. helps and encourages listeners to live a healthy, artive. independent life, engaged in the social life of the local community: and where this isn't possible (for example due to ill-health), to help reduce boredom and social isolation by playing a great selettion of music and keeping listeners in touch with what is happening locally; with the Ljltimate aim of improving the quality of people's lives as they get older, and thus reducing the need for support from the local health and care services. li written into the Ofcom FM community radio licence require that Winchester Radio provides a service.. primarily for people aged 50 and over. living in Winchester and the surrounding area; to help Improve health and wellbeing- and that offers music and speech to entertain and engage the local community; consisting of.. music.. a wide variety of pop, rock, Ja22, easy-listening, and countryi all from the 1950$ through to the present dayi Wlth classical and specialist music also featuring; speech: community information, local news, features and interviews, with a focus on content designed to encourage and promote good health and wellbeing; with a minbmum of 70 hours per week of origlnal output (output that Is first produced for and transmitted by Winchester Radio). We aim to provide a rnix of music and information tailored to the needs and interests of the older generation in Winchester who are under-served by other local radio stations. Our music mix is distinctive, and our hyper-local focus on Winchester and the immediately surrounding villages is unique in this area and, we believe, highly attractive. Having attracted our audience, we then use behavioural economics I'nudge theory") to subtly encourage listeners to make the best lifestyle choices for their own health and wellbeing. In pre-pandemic times, we told them about: all the enticing events happening on their doorstep; the range of local participative sports clubs they can Join; the great number of other social groups. charities and other organisations they can get involved with; the wide range of local support groups for those with long-term health condltions,. the cultural scene in and around the city; and important local government plans. consultations. and decisions that might affect their lives; and encouraged listeners to get involved. Programme Activities Winchester Radio delivered an average of 84 hours of 'original' hours of programme output per week, and an average of 220 volunteer hours per week, throughout 2022, in furtherance of the charity's aims. Our pmgramtne sthedule and style of service were in line with our Key Commitments to Ofcom, as outlined above. Some specific areas of focus for the charity on-air during 2022 are outlined below, including health promotion artivities and awarene55 campaigns coverage during the pandemic: the war in Ukraine which bore lots of local significance due to Winchester being an official 'City of Sanctuary,; support Page 4 Trustees. Annual Re ort & Accounts 2022 Winchester Radio available and how to access it for those struggling during the 'Cost of Living, crisis,. and Royal events of the year, including the sad passing of hei late Majesty Queen Elizabeth II and how local people marked this. COVID-19 Winchester Radio carried many rnentions of COVID-19 throughoLJt the year, keeping listeners up-to-date with the latest advice and guidan￿ from the government, and letting people know about changes and new initiatives such as eligibility for the Spring Booster vaccinations, the easing of restrictions. latest measures and mask-wearing guidance for anyone visiting the hospital, and pop-up and drop-in vaccination opportunities locally. Our coverage included interviews with health professionals during the year, particularly just ahead of when there was a significant shift in national guidance. Hospltal Being a charity based at the hospital, the Winchester Radio team were ever-mindful of the continued pressures which NHS staff were under during the pandemic, and we worked hard to keep the public aware of how they could help the hospital through adhering to latest COVID guidance, to helping get loved ones home when they were well enough for discharge to help free-up beds for frail and sick patients arriving in hospital, and in using the right N HS service, to avoid putting undue pressure on the emergency departments at our local hospitals. Additionally. we promoted saying "thank you" to staff through hospital's WOW Awards recognition scheme, shared news on how the public could support the hospital's own charities by attending events, or offering time as volunteers or sUPPOrters. A number of interviews were done with health staff during the year, including the marking of the 10th birthday of Hampshire Hospitals NHS Foundation Trust in January, along with the NHS staff panto that month to raise funds,. the annual Junior Doctor Awards; how new 'Virtual Wards, were innovating healthcare for patients; International Nurses Day in May; and Clinical Trials and how people could engage with this medical research. There was also coverage of the Winchester Hospice's first full year of operations and we again broadcast the Hospice's Winchester 'Light Up A Life" Service in memory of those loved ones lost. Health Campalgns and Awareness Days Winchester Radio continued, through its programme output, to encourage listeners to live a healthy, attive independent life by including coverage of a range of Health Campaigns and Awareness Days such as "Mental Health Awareness Week" the 'Mental Health Minute" and "Time To Talk Day"; through healthy-living awareness periods such as "Veganuary" 'Dry January" and "Stoptober" along with shining a light on a number of health conditions, and support available, be it face-to-face, over the phone, or online. We also regularly let listeners know hoY4, If they were fit and able to, they could help others through blood, tISsue and organ donation. Out and About With more and more community artivities returning to somewhat pre-COVID times norrnality* our team were able to get out-and-about more in the communityi doing interviews at events, with local chanties, and getting people's views on new developments and the various planned regeneration projects around the Winchester area. Our very own intrepid explorer, broadcaster Tony Knight did features on walking in and around Winchester, and we often included opportunities for walking with organised led walking groups, for those who may still not be feeling confident about going out on their own, or were wanting to build up their confidence and fitness gradually again, having been poorly or indoors a lot through the pandemic. We also encouraged listeners to get involved with nature and environmental campaign5 and initiative5 such as the "Great British Birdwatch" building bug houses or hedgehog highways in the garden, 'Plastic-Free July" and "Winchester Green Week" In addition, many volunteenng opportunities with local charities were promoted on-air, along with events and clubs which people could join for more social connettion if they were feeling lonely or isolated. We were also privileged to be invited along to a number of groups running activities locally to help reduce loneliness and isolation, including our team meeting people in March 2022 Page 5 Trustees. Annual Re ort & Accounts 2022 Winchester Radio at the inaugural "Vintage Fun" monthly gathering at the United Church on Jewry Street, organised by the "Anna Chaplaincy for Older People" and the welcome return post- pandemic of the "Winchester Paralympics Personal Bests" event - held over the summer to support, encourage and celebrate those with leaming disabilities trying out new sports. Members of the on-air team also attended and conducted interviews at a number of cultural events around Winchester through the year, including Festivals such as Winchester Fashion Week, Hat Fair, and the Winchester Heritage Open Days Festival; were present at milestone events in the city, such as the commemorative centenary of timetabled buses running (marked by the heritage fleet of charity 'Friends of King Alfred Buses"), along with interviews and celebrations of the 4001h Winchester 'ParkRun" in which 469 people took part. One of our team even got to travel on Santa's Sleigh with his merry band of helpful elves from the Winchester Round Table, to share some festive cheer around the neighbourhoods of Winchester just before Christmas, and collett some much-needed funds for local good causes. Cost of Living Crisis 2022 was an incredibly challenging year for rnanyi due to the high cost of livingi and Winchester Radio's team worked hard to ensure we kept listeners up-to-date with support available to them locallyi be it help with getting a hot meal, assistance with transport, or places to go for free to stay warm and dry and enjoy the company of others over a cuppa, whether socially or as part of a free working space during the winter months whilst people were struggling to keep their own homes heated. Helplines were shared and details of support groups locally given, plus we did a number of interviews Wlth organisations such as Churches Together in Winchester who had a coordinated effort of "Warm Welcomes and activities for people to access during the week at different local churches. We also covered how people who were able to could get involved, or donate groceries or toiletrles to help others in need in the community. Wlnchester Clty of Sanctuary On 24th February 2022. Russia invaded Ukraine. Winchester, as an official "City of Sanctuary" welcomed a high number of refugee families from Ukraine, fleeing the conflict. A number of "Standing with Ukraine" vigils were held locallyi and a coordinated effort of support hubs sprung up across the city to provide a warm welcoming and safe space for families to get together and find out more about housing, jobs and help within the community for them. Winchester Radio shared lots of information on-air through the year about the Ukraine Connertions and Community Hubs initiatives, including our volunteers doing interviews with organisers at the local churches, charities, the University and Winchester City Council. Royal Famllv 2022 saw the then HRH Prince Charles visit the city in the Spring, and the summer was joyful celebration of many local events to mark HM Queen Elizabeth Il's Platinum Jubilee. Winchester Radio's volunteers reported from a number of Jubilee street parties in June, and captured the mood of many locals in marking the Queen's 70 years of service to the nation. With the announcement of the monarch's death in September, our team were again out nd talking to the public locally about HM Queen Elizabeth 11. and people shared their feelings of grief, but also their treasured memories of meeting the Queen and wanting to celebrate her life of duty and service. As well as special programmes and news, featuring local people, we also broadcast a special short service of Prayer from one of our local churches. New initiatives we undertook in 2022 Due to high numbers of very ill patients including those with COVID still in the RHCH, and our volunteers not yet being allowed back on the wards to visit, we started piloting visiting different support groups and collecting their music requests whilst out on community visits. These included meeting and chatting with people at local stroke support groups, those living with dementia, church groups, older peoples, monthly clubs and sport and wellbeing groups. This is something we are continuing in 2023. but still hope to be able to get our volunteers back visiting patients in person again at the hospital too. Page 6 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Since the launch of our community radio service in 2019, Winchester Radio has been heavily reliant on a single professional news journalist to produce daily local news bulletins on a voluntary basis. A number of work and personal commitments during 2022 meant that there were times when he was unable to produce the bulletins for us, and so a small committed band of eight of our volunteers stepped up and took on the additional workload of producing these local news bulletins for a nurnber of weeks, including throughout the summer months. With the return of one of our journalist alumni to the volunteer team, we also piloted delivering local news through a dedicated news magazine programme "Winchester Now later in the year, enabling us to capture more fully the wealth of local community attivities in the run-up to Christmas and share these "feel-good" stories. With the realisation that we had been too reliant on a single (very reliable) volunteer to produce daily news bulletins, the lack of sustainability with regards cover for this time- consuming attivity on a daily basis, and the positive comments received about Winchester Now" it was agreed with the original news Journalist that he would retire from producing daily local news bulletins for Winchester Radio, and we then would switch to weekly editions of "Winchester Now" as that was more sustainable for our volunteers in the longer term. Feedback and Recognition of our Volunteer-led Efforts The Winchester Radio team delivering the service are all volunteers, giving their time and energy for free, so it really means a lot to us when we hear back from our listeners on how much our service has helped them, particularly through a lonely or difficult time; and when other grassroots charities and local organisations we have given publicity to, on-alr, value how our service helps them, and their staff tske the time and trouble to say "thank you Here are some of the appreciative messages we had through the year: "Thank you so much for the beautiful programme early on Saturday. It bmught total Serenity to the start of my day. "I want to say a great thank you for all the shout outs and tunes you played. I dld hear the music and even remember some of the number5 you played in the early days whilst I was in ICU. I have now been discharged home and am slowly rehabilitating and building my strength up to be able to do the things l used to do. Your Service 15 truly healing and definitely makes a difference to recovery. "Really appreciate you coming to visit and your support. The people in our group really enjoyed the chat and hearing their music requests on Winchester Radio. "Thanks 50 much to you and the team at Winchester Radio for helping make thi5 happen. "Many thanks for the helpful infom?ation you provide." -Delighted you are covering this - thonk you. "Thank you so much for yourservice, and thank you for'sultans of Swing'currently playing. "BIG thank you for joining us today. "Lovely tunes - thank you. I m really enjoying listening to your Easterpmgrammes on Winchester Radio, whilst I m cooking Sunday lunch. "Thinking of you all. Many thanks ft>r the service you provide on Winchester Radio I live alone, and I really appreciate it. "Thank you so much for giving our summer event a mention on Winchester Radio. It 15 really appreciated. "Your radio station. Fantastic. Your music. Incredible. So well done. Page 7 Trustees. Annual Re ort & Accounts 2022 Winchester Radio "J live at Colden Common. I spend a lot of time in my workshop, and J m very pleased at the type of music you play because I'm now in my eighties and especially the oldies and the big band music after lunch that you play. So keep up the good work [...] thanks for all your good work and I enjoy your music. Thank you. "Thanks so much for the local information you share on-air[...] Wishing Winchester Radio all the best for the months ahead. -my wife [...] 15 currently critical in ICU with COVID and pneumonia. I can t Vlslt but apparently they are playing hospital radio to her. Although unconscious, I understand there's good evidence sound is often heard [...] 171 be listenin9 in myself [...] I think you do fantastic work. "Thank you for all you do to keep people connected. It Is $0 important. especially in these times. "We We￿ very honoured and happy to be involved in the broadcasts.. -Thank you 50 much for playing my favourite singer. Elvi5 Presley, ond for all you do [...] Lastly, I'd like to say many thanks for all your team and everybody who works on Winchester Radio you are alljust oreati. "So pleaseé it was a happy ending. Thank you so much at Winchester Radlo for getting the appeal out so quickly - really appreciate your help. "I m so grateful to all of you at Winchester Radio I love listening to you every day.. Awards In 2022, our special interactive community engagement initiative at Christmas 2021, "Carols on the Doorstep" won Silver in the Best Special Event category of the National Hospital Radio Awards, with the Judges saying: A great community initiative that brought people together through the power of radio. Really interesting and informative. And our Chief Engineer, Paul Blitz, won the John Whitney Award for Outstanding Contribution, the citation recognising not only his long voluntary service at Winchester Radio, but also the assistance that he has provided. over many years, to other hospital and community radio stations. The citation read: Community-spirited. enthusiastic, hardworking. and helpful to us and other hospital radios, Paul is one of Winchester Radio s Trustees, and our Chief Engineer. He ha5 a degree in Elertronic Engineering. and ha5 worked in electronic5/IT all hi5 life, currently as a self-employed technical trainer/consultant. During 36 years volunteering at Winchester Radio, Paul has led the design, building and commissioning of all four sets of our studios. He has also been a Tmstee of the charity for 29 years. As part of the latest studio rebuild, Paul designed and built audio equipment (distribution amplifiers, routing switchers, silence detertors, etc) at a cost of less than £600, saving us around £8,000 compared to commercially-available units. He now makes these units available at Cost to other hospital and community radio stations. Paul has always offered support to other stations, starting by hosting a bulletin board in pre-intemet days. He took weekly trips to Hospital Radio 8asingstoke for 6 months in 2000 after fire bumt down their studios. and in September 2021 he responded to an urgent plea for help from Gosport Hospital Radio, driving to their studios, effecting a temporary fix whilst taking equipment home for repair. Page 8 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Since the launch of our health and wellbeing community radio service, Paul has continued to enhance the capabilities and resilience of our technical systems, resolving issues even at unsocial hou￿ - sometimes remotely. sometimes on-site at the studio. We have almost fully-redundant computersystems and audio switches that failover fmm one to the other, email a number of us when the silence detectors operate, and if silence is detected from one of the playout Compute￿ email us a screenshot and then reboot the computer. Paul also regularly contributes to our broadcasts.. recording and editing local community events, voicing public service announcements, and presenting shows. This is despite the fact that. in recent years prior to the pandemic, Paul was regularly travelling both nationally and internationally with work. If we have a computer pmblem, Paul is always available to remotely-access the studi05 over one of the VPNS that he has set-up. At the onset of the COVID-19 pandemic and subsequent lockdown, Paul quickly enabled remote broadcasting capabilitie5. and delivered a combination of new and existing audio equipment to our volunteers to allow them to continue to broadcast. from home, and dealt admirably with the many sUPPOrt querie5 thèt thi5 caused. Paul Blitz IS qulte simply one of life's "Unsung Hen?es". He never makes a fuss or seeks recognition - just gets on with whatever needs doing. He has, and continues to make, a real impact at Winchester Radio. We are hugely appreciative to Paul for all he does. Bob Whitbread, Chair of Gosport Hospital Radio said.. "Paul was like a breath of I￿5￿ air - within 2 hour5 he had solved the immediate problem, and he didn't know it then, but he had a very grateful team from Gosport Hospital Radio, pleased that we were actually back on-air... No amount of appreciation will explain just how pleased we were when he tumed up. Wlnchester Radlo was also a shortlisted top 10 nomlnee in the other 2 station categorles we entered for these annual awards.. Best Station Promotion for the promo for our Carols on the Doorstep" initiative, and in the Best Speech Package for an interview with GP and medical broadcaster, Dr Sarah Jarvis during the COVID-pandemic, DAB broadcasting Following our application to Ofcom in 202 1, Winchester Radio was awarded a Community Digital Service Provider licence on 4th February, allowing us to broadcast our service on the Winchester Small-scale DAB digital radio network when it launched. The network started broadcasting at the very end of September, with an official launch in early October. Winchester Radio was one of the launch stations. A visit from Japan Winchester Radio has always been happy to share our knowledge with other hospital and community radio practitioners. Until now, our knowledge has been shared only within the UK. However, in September, Professor Akiko Agawa from the Nagoya University in Japan visited us on a tour of h05Pltal radio stations in the UK as part of her academic research. She wa5 Particularly interested in our pioneering move into health & wellbeing community broadcasting. Generating earned income Late in 2021. Winchester Radio applied for funding from the DCMS-funded, Ofcom- administered Community Radio Fund to employ a Community Business Development Manager to help grow earned-income and reduce the dependence of the charity on grant funding. The Cornrnunity Radio Fund provides such funding to Ofcom-licensed community radio stations as seed-fundingi allowing them to employ paid staff for an initial fixed-term in the hope that they are sufficiently successful that the role become self-funding In Page 9 Trustees. Annual Re ort & Accounts 2022 Winchester Radio subsequent years. The application was successful, although not for the full amount,. the funding panel agreed to fund the employee for 30 hours/week. The funding arrived in March 2022. but we found recruitment diffficult, and it wasn't until August that the Community Business Development Manager started work. Unfortunately, the individual found that they had over-cornmitted themselves alongside other commitments, and left after only 7 weeks. After reflecting on lessons to be learned, the Trustees approached Ofcom to vary the terms of the grant, to allow the employment of nother Community Business Development Manager for a further 12 months, but with reduced hourslweek. This was agreed and, following another recruitment process, the new employee started work in mid-2023. Acknowledgements All Winchester Radio's activities have only been possible through the sterling efforts of dedicated team of around 25 regular volunteers. supplemented by a number of additional volunteers providing ad-hoc support. putting in literally thousands of hours of effort, and we'd like to take this opportunity to thank them for their continued time, energy and commitment throughout another very challenging year. We particularly appreciate that a number of the team stepped up to take on additional volunteer tasks outside their normal area of volunteering, to assist the charity's smooth running. Overall, we conservatively estimate that the volunteer team has given almost 11,500 hours of their time to the charity during the year. Using the standard Ofcom , this is worth approximately £128,000. There is a whole body of clinical evidence that says "Giving to others" is one of the key '5 Ways to Mental Wellbeing" (as outlined on the NHS website), and our charity, as volunteer-led one, has always recognised the benefits of volunteering it is very much two-way street., helping others can also help those who volunteer making them feel valued, helping them feel connerted, and with a sense of purpose, giving their tirne with like-minded altruistic people who want to rnake a positive difference in the world, and utilising existing skills or developing new ones, in carrying out their designated volunteer roles to help further the charitable aims of the organisation. We always champion volunteering done well, and those altruistic souls who go above and beyond to help others, We are thankful to Hampshire Hospitals NHS Foundation Trust for their ongoing support for what we do, and for continuing to provide us with free accommodation, worth almost £8,500. We were Informed by the Senior Management in May that the planned relocatlon of our studio to Level A of Burrell Wing was not now going to be posslble, due to redevelopment plans including a new elertive orthopaedic hub. Whilst the hospital management were adamant that they would continue to accommodate Winchester Radio, discussions continued through the year and into 2023. At the time of writing, it is believed that Winchester Radio will be relocating, during 2023, to Ashley Wing. Small charities such as Winchester Radio do not have the financial means to spend funds on professional services, cloud-based IT systems and advertising, so we are incredibly grateful that many businesses, large and small. have supported us during 2022. We'd also like to say a huge thank you to the many individuals who have donated to Winchester Radio during 2022, and the local companies and organisations who have supported us through taking radio-advertising with us. We are very grateful to all those who champion and support charity Winchester Radio. Financial Performance Overall, Winchester Radio is financially sound and has significant cash reserves. At the end of 2022, Winchester Radio had total cash reserves, in-hand and at the bank, of Just under £87,000 {2021'. Just over £59.000}, of which £26,195 (2021.. £8,850) is restricted funds (two-thirds of which is the Community Radio Fund grant). As in 2021, there are just over £1,200 of prepayments recorded. These relate to.. Page 10 Trustees. Annual Re ort & Accounts 2022 Winchester Radio end-of-year adjustments, where the charity has paid in 2022 for a service to be delivered in partly 2022 (for instance, it includes the part of the £850 Ofcom licence fees, paid in March, that relates to the period after 31st December 2022),. and purchase of music download credits with a supplier of professional-quality music downloads (we purchase credits in bulk to obtain the best price). This year the debtors, at £1.153. is significantly larger than the £116 recorded last year. This increase is entirely due to an advertising sales invoice being issued in late December but paid in )anuary 2023. The £22 (2021: £13) of trade creditors relates to monthly bills the Direct Debit for which were not taken until January 2023. The £1,628 (2021- nil) of payments received on account is advertising sales for carnpaigns due to run in 2023. The £60 (2021- É701 of stock is fundraising CDS prodU￿d by the predecessor charityi Winchester Hospital Radio, and which are sold on enquiry from members of the public. Based on the financial performance in this and the three previous years, the Trustees have confirmed their estimate that the base running costs for providing both the community and hospital radio services for a full year is around £7,500. The Trustees have, therefore, formally designated an additional Él 1,000 12021- £5,525) of the unrestricted reserves as being for the studio relocationlre-equipping project. Overall assets totalled just over E103,000 (202 1: just under £84,000, the difference being primarily due to the Community Radio fund grant, and a £5,000 legacy). Income Total recorded income was £49,266 12021: £24.752), consisting of £32,375 in grants, donations and other monetary gifts (2021: E7,5511. £13.121 worth of donations-in-kind 12021.. £ 15,316}, £3,478 income from trading attivities (2021: £1,880) and E292 of bank interest12021: £5). Three significant grants were received during the year: £20,933 from the Community Radio Fund, to employ a part-time Community Business Development Manager, as explained above; £2,800 from Winchester City Council, as part of its 'Priority Outcomes Framework grant-funding programme (this is the first of renewed a 3-year grant programme further two years of funding, at a somewhat lower level each year, has been agreed covering the years 2023 to 2025). and £2,000 from the Rotary Clubs of Salisbury, Sarum, and Winchester, from the proceeds of the Clarendon Marathon. In addition, we received: a £5,000 legacy from the late Doria Blitz. mother of Paul Blitz, a long-standing Trustee and founder member of the predecessor charity. Winchester Hospital Radio; and a £500 donation from Rick Stein's Winchester restaurant relating to sales of the "Winchester Pudding" a percentage of the cost of which is donated to local charities. Donations-in-kind included.. free-of-charge accommodation. provided by Hampshire Hospltals NHS Foundation Trust, worth £8,450; accountancy services, namely the Independent Examination of this Trustees, Annual Report & Accounts, worth £2,475. from Jonathan Poulter of Rothmans; free access from Google to its Workspace email and collaboration software, worth over É1,400- and free cloud-hosted Voice-over-IP telephony services. providing the charity with a memorable telephone number and remote a(￿55 to make and receive calls and messages, courtesy of Nimvelo. worth over £500. Trading income arose from: Page 11 Trustees. Annual Re ort & Accounts 2022 Winchester Radio sales of on-air advertising to local businesses- £1,842 {2021.. £ 1,333),. in addition, a further £1,628 of advertising sales were completed for campaigns to run on-air in two fundraising car boot sales which raised £873 (2021: £547) in sellers, pitch fees. a short consultancy contract with Action Hampshire, to help design the Voluntary Charity and Social Enterprise involvement with the NHS Hampshire & Isle of Wight Integrated Care Board,. fundraising coffee rnorningi and two fundraising CD sales. The produrtion of the commercials cost £41012021:£290), meaning that advertising sales brought in Just over £1,400 net - significantly less than we were hoping for. The car boot sales cost £180 for licence fees from Winchester City Council, meaning that the events raised Just under É700. The coffee morning was held at Rick Stein's Winchester restaurant, which didn't charge for hosting the event, so all income came direttly to Winchester Radio. Expendlture There was only £53 of capital expenditure on upgrading fixed assets this year {2021'. nil). A further £23 (2021: £491 was spent on new music for the library now purchased in digital form from a professional media download service. rather than in the form of CDS as previously. By far the most-slgnificant ongoing revenue expense is music copyright licensing fees, totalling over £2,000 again this year. This is followed by the Ofcom licences required to broadcast as a community radio station (£850 per annum for the FM licence, plus £100 per annum for the DA8 licence) and insurance (£700 this year). The next two most- significant ongoing costs are the IRN news subscription, which provides us with hourly national/international news bulletins, plus access to news stories Vla their Net Newsroom" facilityi and the broadband intemet connertion. New expenditure this year is the employment costs of the Community Buslness Development Manager. There were one-off costs associated with recruitment (£5521 and the purchase of a mobile phone (£1581. plus the salary and pension costs Itotalling just under £2,700). The earned income that the Community Business Development Manager role is intended to generate needs to be a mix of prirnary-purpose income and non- primary-purpose income, to ensure that Winchester Radio remains within the limits on charity trading. The costs of employment have, the￿fOre been split 75125 between expenditure on charitable activities and fundraising activities, to match the intended mix of generated income. Banking fee5 include: a monthly fee charged by CAF Bank- and payment processing fees from PayPal (donations). donr {text donations) and Gocardless (membership fee dirett debits). Wherever possible, use was made of products and services made available free-of-charge or at reduced price to charities. This includes: Google Workspace; the VOIP telephone system from Nimvelo: and the audio stream hosting from streamerr. Financial Management and Reserves Policies Winchester Radio has a Financial Management Policy which defines the controls to be implemented to ensure that the charity's assets are secure. This policy meets all the requirements of the Charities Act 2011 and the Charity Commission guidelines 'lnternal Financial Controls for Charities (CC8)" Page 12 Trustees. Annual Re ort & Accounts 2022 Winchester Radio The charity and its predecessor have been slowly building up a reserve for an inevitable re-equipping and move of studios. Winchester Radio is currently in a small temporary studio. Ahead of the launch of the community radio seThice, a complete new set of studio equipment and computers was purchased. and virtually all of this will be able to be relocated to new studios. After the reporting period, the NHS Trust informed the Trustees that the IOOm2 of floor space within the Burrell Wing of the RHCH, that had been allocated to Winchester Radio pre-pandemic was no-longer avoiloble. and thot the existing studio location is to be redeveloped as clinical space. The CEO of the NHS Trust has assured the Trustees that the NHS Trust remains committed to accommodating Winchester Radio, and an alternative location, albeit of a similar size to the current accommodation, has provisionally been identified for Winchester radio to occupy for the next 6-8 years, ahead of the new hospital being built on the outskirts of Basingstoke, when, as part of widescale upgrades to the RHCH, new larger studio and office accommodation for Winchester Radio have been Ilocated. At the time of writing, the Trustees ore in detailed discussions with the NHS Trust management regarding the initial relocation. which it is understood is required to be completed during 2023. and its funding. It is Intended that, once the studio move is complete, any remaining designated funds will be undesignated. Unrestritted reserves will retum to equivalent to l year's cash expenditure. If the employment of a Community Business Development Manager is successful, the reserves policy will need to be adjusted to take account of the costs of employment. As the employee Is currently employed on a fixed-term contract, funded by the Communlty Radio Fund, there Ss no immediate need to adjust the current pollcy. Management of Major Rlsks The launch of our community radio service in 2019, with the attendant significant increase in running costs, was {and remains) a significant risk to Winchester Radio. The project was approved on the basis of three major Income streams, all of which have risks grant funding, commercial advertising and sponsorship, and personal donations. However, with the financial buffer afforded by the current reserves, the Tnjstees are confident that the charity has a long-term future. Grènt funding-wise. the 3-year agreement with Winchester City Council, recently renewed, albeit at a lower level. and a long-term relationship with Winchester Rotary provides further confidence. Income from advertising sales remains low, but early in the reporting period we were successful in our application to the DCMS-funded, Ofcom-administered Community Radio Fund, for a grant to employ a Community Business Development Manager for an initial 12 months, with the intent that they bring-in revenue of 150% of their salary, making both their position sustainable and a significant improvernent in earned income not only from advertising sales, but also primary-purpose funded programming and other initiatives. In the meantime, in the short- to medium-term, the charity has sufficient funds to continue to provide both a hospital and community radio service, despite the legacy of the disruption to funding streams caused by the COVID-19 pandemic. Operating as a community radio station, with programming heard across the cityft brings risks in the form of libel and the requirement to comply with broadcasting legislation, including the Ofcom Broadcasting Code. The FM transmitter and antenna were Installed and commissioned by professionals, and signed-off by Ofcom, ensuring that the transmissions are technically compliant with the engineering codes. All on-air presenters receive training, on joining and then annually. on the requirements of the Broadcasting Code, and on libel. The charity's insurance includes limited libel and slander protection in the unlikely event of a complaint. The final major risk associated with the community radio service is technical equipment failure, taking the station off-air for a significant period of time. This is compounded by the charity having a core technical team of two volur)teers, both of whose paid work may take them away from home, or otherwise mean that they are unable to immediately respond to a technical problem. This risk has been mitigated by installing new equipment, Page 13 Trustees. Annual Re ort & Accounts 2022 Winchester Radio including spares that, as far as possible, are intended to automatically switch over in case of failure, and by the provision of remote access to the computer systems. During the reporting period, our service has remained on-air 2417, with the rare equipment failure being covered by the automated switch-overs and alerting of our technicol team. Insurance cover is in place for extreme cases of equipment failure. Another major risk facing the charity is its accommodation. As detailed above, Hampshire Hospitals are requiring Winchester Radio to relocate. as the current studio location is being redeveloped as clinical spoce. The NHS Trust has assured us that they wish Winchester Radio to remain on site at the RHCH. and discussions are on-going at the time of submission a5 to what the options are. and who will cover the associated relocation costs. Page 14 Trustees. Annual Re Charity Trustees Anna O'Brien (Chairman) Paul Blitz Nigel Dallard Charity Number 1160752 {England and Wales) Principal Address Mailpoint MP66 Royal Hampshire County Hospital Romsey Road Winchester Hampshire S022 5DG ort & Accounts 2022 Winchester Radio Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ Independent Examiner Jonathan Poulter FCA CTA Rothmans LLP Avebury House, 6 St. Peter Street, Winchester. S023 88N Signed on behalf of the Trustees. Anna O'Brie Chairman Nigel Dallard Treasurer Date: 0611012023 Date: 0611012023 Page 15 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Independent Examiner's Report to the Trustees I report to the trustees on my examination of the accounts of Winchester Radio {"the Charity") for the year ended 31 December 2022. which are set out on pages 17 to 27. 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 respett of my examination of the Charity's accounts carried out under Section 145 of the Act and irb 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: accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2, 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. Jonathan Poulter FCA CTA Rothmans LLP Avebury House, 6 St. Peter Street, Winchester. S023 8BN Date: 9 October 2023 Page 16 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Statement of Financial Activities (incorporating an Income and Expenditure Account) for the Year Ended 31st December 2022 2022 2021 Unre5trirted ￿5t￿(ted funds funds Total funds Totallunds Incomeand EndowmentsfroThK Donations and legacies 24. 45.4% 22.867 Othertradingacti¥ities Investments 3.478 3.478 292 49.2E Total Inrome 933 24.752 eXpendI￿re on.. 672 L465 28.613 .078 25.748 2&yi 28.6% 29.076 Totsl Expendltwe 1537 Netlnun￿ss impra¢tltal to do s¢. The cost of any 510ckol8ood5 dDnatEd fordi51ri1Krtion ro ￿nef￿￿rIEs IS lec0￿￿￿ed receipt aithefairvalue of ihDse rfts at thetin* of theirreceipt. Irtt￿ ￿k￿rtI￿p￿riDd iThWh￿hth￿ stocks areL*5tritryJte¢theYa￿ reÈts8nised as an e%pensÈ it CawW￿3￿unI ol the ttotks at di%tritthon. DonatedEoods lor resale ale measwed at lairvalueoninitial reCo￿lri￿￿ whKfv15 the exFectedFYoceeds fromthesJle le$5 anyexpeued 105t5 Of sale. reco8ni5ed In"intomE from ot￿riradi￿aCli￿t1e5,.WI¢h IheiDrre5ppnding stock o8nised in ¢he ball￿* sheet. On itssale.thpVal￿ of #ock 15 rharyd again5t'lnrDrr* from Ot￿rtradIng1CtlV1lIes" and Ihe fromthesa* reco8lli5eda5-InrDmE from Ot￿rtr4d1[￿￿￿mtyS-. Good5 dDTraredlorowiwu5e arew&ed a5fixed•ssetsarwJ IwI￿d intFe StstemEntof Financial tNrtie5 as iwom1￿ resou￿e5 w￿n ieceN•ile. Grfts-ln-klnd lorwe ￿the¢hanty ale IKIL#led Inthe Statement of FinancIalktl￿l￿Sas IrKOn￿ fromdonatlon5when receNable vlll Donated servkes and tacllths Pon4ted 5erviresandfa(Ilrtie5afEinrlwW Staternem of Fi￿r￿￿￿1 ktNite5 w￿n reCeNe￿atthPyalYP of thegift tothÈchaiity, wovidEdthEvèluÈof t￿￿Oftc3rt be measu￿d ￿liabl¥. Donated servscesandfacilrtlesthatarecorw￿d in￿d13tetyarerecoSThsed as iKome.Wllh anequ￿aIenr amoum reco8ni5edas anexpense urthrthe apwoW￿1eheadI￿ Ir*the5taternent of Financ￿1 kti¥ities. viiil Volunteerh The value of anyvolumary help receI￿d ￿ rfjtinclLKlpdintheaccowtyl¥Jt iti5¢*5crkedin theTru5tees'Annual Rewrt. Income Irom •hterÈSL voyatt*sattd drrfpjtrtds rhis is included in accountswhenrEceipt l5wobab1Eandt￿ amDvrrt rE[e￿41A￿(3n bE mEa5ured rEliab￿. Income from membe¥shi>substrwt**fiS Member5hipsub5cnktiorth.whKhare reCe￿d inihenaiureof a wft.are reco8ni5ed in Donations LeBacie5. Page 19 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Notes to the Financial Statements for the Year Ended 31st December 2022 (continued) {¢) Empenditurpand fkgbilths Liabilty rÈtO8nhM>Th Llatilitiesare reca8niSedwhEIE it is mre likelythan th￿tt￿re isa *lofCon5tr￿tNÈtsL4l8atIo￿(OMrnlttinSthE t￿rity to payout rESDurces, Il*amount DIt￿OL￿vI￿nCan ￿ meastrÈdwith reasDnatrAetÈrtaint¥. 111 Pwo¥L%k)ths forlhbll A Iidbility Is measured onrecogNtw)natitshi5toricaltost.andthefi subseq￿￿t￿lmEasUredatth￿ best estlmate of the amount requiredto settkthe ON1gatK+Trat￿ report1￿￿01e. 1111 Ciedftors The charity hascred¢orswhKhare rreasuredatselllernerf a￿Unts￿55 aryiradE discounts. Idl Assets T*w1b￿l￿ 4ssEtslory*bytheih•rlty These arecapita115edif iheycanbe Lwdf0rW￿relhaTr0The year. fvare ¥alwdatcosror.if Erfted. atthevalueto rhe charity on receipt. Depreciation Iscalculaied on a'stra￿hr l**. basi4ata rateto wrrte.off t￿£0$101 t3￿￿efIxed a5setsovertheir expected useful live5. The rates perannwnareas follows. fixture5 and lrtrir LOX computer5 & comwrtersIStetr& oihei electionic equipment phvsl¢al musk Iltyrary 111 Intan8lbkn ￿•d awts Identifia￿tandartCOTrtr01￿d rthts. Tthare ¥alued4t wst gr, If 8Wted, a5the value to thecharityonreceipt. ￿￿rtIS4110￿ls¢•￿y￿ted on a"sira•l I1￿- trasis•i • r•¢eio wrfi+oII Ihewstof I￿•￿￿¢11X¢4 •s$e¢sov•r Ihelr •xwcted uselul I￿*$. Theiatts per4nrwnare•s l•llowS'. • software sual brandlr6 èudio brandlr6 ¢18iial rn￿C I1￿￿ry io% io% io% Si¢xk5 hpldfor salEaspart of ￿￿Char￿a￿dE rradE are rneaswedat iFe lower of cost or rel reali5able value. Good5 or 5er¥kes yovk4ed as partof a Chailtableactl￿are measuredai net reallsat4e ¥alw basedontheservke )tential wowded ty Iternsof xock. 41 Ilebtpr5 Debtors ale measLYedon In￿[al ￿ORn￿￿1n at settknertamowrtafterartytradedlscounts. gjbsequentlytth are me35uredat th2 ca5horotheicon5hlerathinexpectediO bere£eW. Page 20 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Notes to the Financial Statements for the Year Ended 31st December 2022 (continued) 114COME zz nd5 fund5 Totslfynd5 Totslfvnds lal Oonalonsand lelacles Donation from Rick 5teinwinche￿er Oonationsvi6'Gi¥eAsYov Live. Oonationsvia"Amaipn Smile. Oonatlonsvlè VlrglnWr*y Gwi DonationsvièTextGk¥S orherth)naiions 18 48 100 275 159 Gfants (note 2dl OcM¥Ol¢omCommvh￿V Rath) WinchesterCStyCouncil Plioittyo￿coffle$ FraTh￿rk ClarendDn MarathDn WiKhe5ter& Oistnct RoundTat42 ProTrAncialGiard Lo<*evff Master Mark Ma50n5 MembershlDsubs¢rlt*br& Oonatedloods, facilit￿$& sewyear8rar¢award. renewed lora sewndternibased onWirKhe5rerRadlo'sactNitie5 furtherin8t￿ CrtyCowKil'5 PTiorrtie5forcomrnunryyiknbpmem. iiil clarendon Mar4than Thi5 unre5rriciedgranrwa5 made ￿t￿organISerS of the maratsw)n IiheRoraryClub50f Sali5bwy.Sarumand Winche51erl fromfunds raised asa resuttvf 2022e¥em. hfl Winchesttt&(*StliÉt knundTablè Thi£ gfantwas tOlDYerthetDSt Df th2ofcom1￿È￿ttstts bmadtast WirtherterRadts'sseThiÈeonFM. vl PmvlnclalGrand Lodceof ma#erma￿ Masonsof Harnpsh*e & Is120fW*ht Th15 grantwa5I0wardst￿ purchase of micro&+¥)ne5 headphone510 allow WIrc￿Ster Rai*ovolunteersio btDadEast rertK)tety. Page 21 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Notes to the Financial Statements for the Year Ended 31st December 2022 (continued) lel tk)nated iood4 faclltttes & 5eThfkes Accommodatk)n Hampshire Hosytals NHSFoundatsonTru5t wowdesthecharitywith26m of acCOrnn￿datlonITee-of-char8e. TheTru5t calculates that the cost of this accommDdath)ni5 E325lm ill Independent ExJrninatKsn of jonathan Poulter. and wevioustyhis fat￿rJohn PoLlter, b)ih of RothMansh￿l*W*p￿ThJ￿nttyeXaMIned the charlt¢s accounts Iree-ol-chbrge loi a numbei of years. 1111 fjO08￿ Work5pxeemadlcolLibontyoD s￿re Google makes rt5Worksp4ce BU51ne5$Sfarterer￿11 aThYcollatoralJonserhxe availab￿ f￿of-Char8etO UK re8i5¢ered ¢harbties. ThÈ noimal tost Is É5 uSÈi. INsr¢tyesentst￿ tostof Wk*hÈsterRadiD pur¢ha%lngan approprlate numbei of accourtsat standardprltes. I VOIP Phone System NimvelD offers it5clowktrM)stedVolP r*rt)r*system Iwf-¢harytto UK wtste¢dthadties. val* of thtth)n•¢ion is taltulatèd ￿Se￿ortt￿ usual cost of I￿$È(¥￿tfeèt￿ts ￿1￿used trrfWirtheste¢ Rado. vl Strearn Hostlni stTeameri offers ￿$ ￿rter￿ Streamir*ser¥h¢tfretrol-charyeto iIK rWieredt￿r4I*S. Thtvalue Of ¢hei*>h•llon Is calculated based Ont￿ usuèl Cost of the ser¥Ke fearwtsbelry￿ed tyWIKhesterRadlo. vll Audhi Content F￿nd Syndkated Pffogrnmmkni Tht Intyw closÈdlAudlo Content Fuhddistriixrtedyahtsio I￿l￿thI¢ vod￿tk)n¢•rnpa￿$ to pmdyce ¢l$tI￿tIve, pu￿1¢ se￿iCe FaL*oconteM lol broa(kast on commercIaland￿mm￿n1ryfadIo. The fwdaimedto support programmlng that Is traditional￿ rr￿re diffKuhto swrton a cornmerckil basL4 Iswh as4Jxwnentane% comety. drama, events). The rNTrneiaryvalue rewesentsrhe 5umof amount Jv4ardedw wodLKtion companyof eachser￿S broadc451 WirKhe51er Radio.dryidEd ￿the numbEroff cornrrnjnrtyradio 51aiiOn5 rh&l broadca51 ihatsenes Olh*rknlorm•lk)h I Intomè Inthe cyireni ar￿ W￿r￿al$wa$￿￿fls11Ittedex£tpt lor¢ts8rant IffjmthtfKMYOl¢om Communlty Fu￿1. EXPENDIIVRE iou lynd5 T•t•lfyndi T•t•lfythds lal Exp•ndfturnon rdhkn8lufvds Cost ol aoknrtisini sales Cornmunit¥8usines5 Oeyeb￿effl Mana S¥lary So¢ial securityiosts Pension contlitmrtitsns ldefintdconthtrrtrt￿rt Otherempbyeeber*ffts Recruitmert￿tl¥e￿ assets Electmnk I*1￿$ Computw% equ4)me l*rary Totsl C05tasat lJanuary2022 ditions swsals Cost èsèt 31 De¢effkner2022 4227 22.381 53 28.682 60.290 53 4.227 22,434 28.6 60,343 OÈtyètlatbh asèt I lanuèry 2022 CharyÈ loi year Ellmiilatk)n tshdswl OeweciarYJn asat 31 Dettmter2022 3,191 172 17.172 3.989 17,982 1,674 43.345 SB35 3.363 Net bo¢kv•lye •$ •t l)•n￿ary2O?I 5,209 10,7 16.94S bo¢kv•lue as •t 31 (*certts 2022 1.2 9.026 11,163 i ran￿ble f￿e0 a$￿$re1•1¢ ¢0 wresiri¢iedlunds. Th2re are no contractL471 comrnrtmem5fOrr￿ acqu15ft1onof rawtrAe I￿eda$sets. Mvsk Vtsu•l •hd S•ftw•M T•tsl Cost asat lJanL47ry2022 d￿l0￿s spos3ls Cost¥$8131 DEcerr*er2022 191 2,985 12,276 23 23 1.985 12,299 Amortlsètlonasat lJanL47ry2022 Charge loryear Elirninat￿n onl*sp￿1 iortis•tion•s•t31 De¢en**r1021 2,102 523 6.362 1.754 31 91 1625 8,116 Net bookvalue a5 ai iJanuary2022 12(K) 883 Net bookvaluea5 ai 31 Oecen*ei 1022 360 4,183 I Inrar*ltrAe a55etsrdaie to urrtsinciedfwth. Page 24 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Notes to the Financial Statements for the Year Ended 31st December 2022 (continued) STOCKS DDn*ed ioods For di#ribytioTh re53lp Fundrawni CDS Opening ded in ppriod Expensed In trriod Impalre Closing io T¢)tslthkyar DE8TOftS JJ40 PAÉPAYMENIS 1022 021 lunés Totalfunds Totslfunds Trade thbtOiS Pre￿¥MentS a￿1 a<¢iuet1 Irrtorne Other detyi¢rs 1.153 1215 l.L53 1,215 116 Tot41 CREDITORS ANDACCRWILS 1022 iozi lund5 lund5 Totalfund5 Totslfunds Amoynisf•lllni dy•*tthln •n•ye•r Tilde creditors 22 22 13 P3ymenr5 iecel¥edohateowtt for¢ohtrtctsorperfom*rfe- relat¢d6rants 1.628 L6SO 1.628 650 Totsl 9. CASH AT BAPIKAND IW blAND 1022 I021 lund5 Totalfund5 Totslfunds CAFCash cvffen¢¥ccouni CAF GDlddtKK)sita¢¢ount PAyPal account Cash 10.993 49324 435 10,993 75,S19 435 9.010 SO.234 385 26,195 Total ).75Z 86.947 59,639 Page 25 Trustees. Annual Re ort & Accounts 2022 Winchester Radio Notes to the Financial Statements for the Year Ended 31st December 2022 (continued) 10. MOVEMENTIN FUNOS lal Curwefiryear llnce yIIL212021 lThrome Expenoityre TTrn5fer5 Vnrtstrktel Funds General lint. f￿ed assets) StudKI relocath)nlre-equippir ai.756 43.275 75.031 28.333 1263411 110.9471 11.0 22.601 54.275 76,B76 Total 28.333 26.541 Restrfcted F￿ndS OCMSIOlcom Comrnunity Rad￿ FL￿1 stud￿ relocat￿ThIre-eqUlpplr Out51de Broadca51 eqiiprnent Cornputer 5WStem5 RemDtÈ BrDadtèstlr% Olc¢m Broèdtastlw LlceN¢ Ftes 20.933 {2.6B71 18.246 6D27 l.560 210 152 6m7 152 18501 3.537 Total 20.933 53 TotalFunds 49.166 Ibl Prfory••r Ba4nce 0voy2￿1 8alance 311lZIIOII Income E>wdkure Trnnsfers Vnrestrkted FU￿￿$ General linr. fkyed as5et51 S¢udb relo¢•tbh/te-e4ulpplr 42.607 37.750 1.357 23.702 31.756 43.279 5,525 23.702 29,028 Restrf¢ted F¥nds S¢udb relo¢atbh/te-eoulopI Outside Broadcast equipm¢ Computer systems Remote eroadcastlry Lycom Broathastiw LicerKe Fees 6m7 6.027 1,560 263 152 B50 850 T•t41 TotalFunds 24.75Z 29.076 83.J83 Pu￿0$eand restrlcttonsolfund5 {•) ¢eneTrl Ihc. fiKed isgetsl Thi5fund ￿presentS theAenÈial Lmrestrictedassets of thecharity, it1LKlryt￿CW￿￿t￿a1u￿0f fixed assets, stock ar￿ debts owed to Chèrity. Ibl Stuéhi Mlocatkinlrn*¢q￿lppI1I There are both restricted and de￿￿ted1L*￿tO{o¥Èr thecostof relocatlwandrtrequip￿n8th￿StUdlGs- anambltiDnthat stretche5 backto 2Wg. when theforerurrti urincorp)rated Remote broadcas￿ Th15fund derives from a yaMfroMt￿ Grand Prowncval Lo*of Mastermark Masonsof Harnpshire & Isle of WiEhtio purrhase equipmentto allow our￿l￿￿ter$I0 txoadCa5rfr(￿ {81 thorn browd¢4th8 ken¢efee5 Thisfund derivesfrom a £raTrtfromt￿ WiKhesrer&Oi5trKt RowdTaNe to£o¥erthe cost of theofcom IKencesto broadcast WiYKhester Ratho'5 5eThiceon FM. 11. TRANSACTIONSWTH TRUSTEES AND RELATEDPAKllES lal Trn￿e* rÈMuntratk)n and benrfrts None of the Tru5tee5 have been pahlany renwerai￿n0r r￿e￿￿dan¥Other￿erefffsfrOrnanemp1QvrneTht withthe chaTity Or a related entty. Number of Trustees who were pah4expen5e5 Re1m￿r5emenI for prodwr515ennce5 purcha5edontsehaWof iFe charity Travel and sub5i5tenre commothtloh Olh•rlspeclfvl £936 £617 Tot•1 £936 £617 1¢) Tranurtbns¥Jlth ￿￿11￿ p4rt*s Other thanihe reimbursewent of Tnu*e5 forwodKrs15erte5 wrthJ5edonbehJlf of chanty,therewere no tranurtbn5Wlth rElaied partld InethertFeu¥renl orfvpar. 12. RESERVES POLICY TheTru5tees have determlrodthatthechafftysk*Lrtd ahnto Foh4unre5frfctedre5er¥esarthebankequlvalentto approximately 12 monthsoppralln8COSts 015covnrin&rewLirity)naiKTrn5.in.kiThA w￿$￿aSed on r￿emperoil￿re dwin8rhe current and recem prloT YE8fs.th15 equate5tO 3OWDximatety£7.5(L) It has ￿ent￿* ¢harit¥'s low-termatrts¢*nio relotatE to lareersiudlo premi5Ès. and to thls Ènd,addtional iÈsÈrves ￿¥￿ ￿enbUlk-UpO¥￿ra r￿mler0f ￿rs. To imwo¥e theckrityof thecharlty'stinancial pos￿10￿, In 2019 thetrusteeS,t￿relOre, createda des*atedfuThJ Into whkhiheseaddithinal re5er¥es ha¥e been ￿3(ed. Page 27