Radio Harrow, Charitable Incorporated Organisation Registered with the Charity Commission, number 1161203
Trustees’ Report and Financial Statements for the year ending 30 September 2020
Trustees
Mr. Charles Biggie Mr. Jonathan Hart Mr. Victor Moont (to 06/10/2019) Mr. Ben Punter Mr. David Reece Ms. Wendy Sherer (to 06/10/2019) Ms. Georgia Weston (to 06/10/2019)
The objects of the CIO are:
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The relief of sickness, poor health and old age amongst people living in the London Boroughs of Brent, Harrow and Ealing by providing a local broadcasting service for hospitals, residential homes and similar institutions, and for patients receiving community care; and
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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 London Boroughs of Brent, Harrow and Ealing.
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Provision of a Hospital Radio Service to patients at Northwick Park Hospital in Harrow.
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Promotion of Health and Wellbeing in the local community along the lines of the Hospital Broadcasting Association guidance that it provides alongside its model health promotion charitable object.
The Trustees declare that they are;
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Aware of the Charity Commission Guidance on Public Benefit.
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Have taken it into account when making a decision to which the guidance is relevant.
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If they have decided to depart from the guidance, they have a good reason for doing so.
Radio Harrow has continued to work with the Hospital Trust in providing both a patient focused entertainment service as well as a more outward looking health related broadcasting experience. However, following the imposition in March 2020, of Government restrictions arising from the Covid-19 pandemic, Radio Harrow has had to adapt its operations both within Northwick Park Hospital and externally.
Radio Harrow continued to broadcast throughout the year bringing the community together and specifically focused on the health benefit of community interaction, although the community events the charity would normally attend were cancelled. The Charity did and will continue to focus on promoting health and wellbeing in our broadcasting content.
Radio Harrow were also pleased to have garnered awards for two of its female presenters at the National Hospital Radio awards in March 2020.
Financial Review
Radio Harrow were grateful for the receipt of grants totalling £1,000 from the Jack Petchey Foundation, funding activities and fulfilment for our volunteers aged under 25 years old, in accordance with the Foundation’s aims. An exceptional cost of £2,800 for essential repairs to studio equipment was incurred in the year.
Radio Harrow’s policy regarding the level of cash and investments is to have funds available to meet liabilities as they fall due, meet contingencies, and augment any capital expenditure from time to time as appropriate.
The Trustees have considered the level of free reserves, that is those funds not tied up in tangible fixed assets and other designated or restricted funds, which amounted to £35,671 as at 30[th] September 2020 and represents 38 months of unrestricted expenditure.
The Trustees’ free reserves target, at a minimum, is to cover the costs of running the organisation for a period of up to six months. This would require minimum free reserves of around £5,000. The current higher level of reserves is held for investment in known future expansion of operations to other hospitals and similar institutions in the areas covered by Radio Harrow.
CHARLES BIGGIE 19 July 2021
Radio Harrow
Statement of Financial Activities
| For the year ended 30 September 2020 Notes Incoming resources 8 Incoming resources from generated funds Voluntary Income 1,512 Activities for generating funds 5 Incoming from charitable activities Other incoming resources 1,989 Investment income 471 Total incoming resources 3,977 Resources expended 9 Costs of generating funds Cost of generating voluntary income - Charitable Activities 11,377 Total resources expended 11,377 Unrealised Gain /(Loss)on investments (1,474) Net movement in funds (8,874) Reconciliation of funds: Total funds balance brought forward 52,108 Total funds balance carried forward 43,234 Unrestricted Funds £s |
2019/20 2018/19 Total £s Total £s 1,512 172 5 328 1,000 1,000 1,500 1,989 1,646 471 578 1,000 4,977 4,224 - - 126 1,330 12,707 14,144 1,330 12,707 14,270 (1,474) 497 (330) (9,204) (9,549) 1,717 53,825 63,374 1,387 44,621 53,825 Restricted Funds £s |
|---|---|
Radio Harrow
Balance Sheet
| As at the year ended 30 September 2020 Notes Fixed Assets Brought forward acquistion value 106,481 Asset purchases less disposals in the year - Brought forward depreciation (96,089) Net depreciation in the year (2,829) Net tangible assets 2 7,563 Current assets Debtors falling due within one year 3 680 Investments 4 16,056 Short-term deposits 19,745 Cash at bank and in hand 173 36,654 Creditors: amounts falling due within one year 5 (983) Net current assets 35,671 Net Assets 43,234 Funds 6 7 43,234 Total funds 43,234 Unrestricted Funds £s |
13,637 - (12,777) (823) 37 - - 1,755 - 1,755 (405) 1,350 1,387 1,387 1,387 Restricted Funds £s |
2019/20 2018/19 Total £s Total £s 120,118 120,118 - (108,866) (102,883) (3,652) (5,983) 7,600 11,252 680 666 16,056 17,085 21,500 24,609 173 1,286 |
|---|---|---|
| 38,409 43,646 (1,388) (1,073) |
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| 37,021 42,573 44,621 53,825 |
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| 44,621 53,825 |
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| 44,621 53,825 |
Radio Harrow
Notes to the accounts for the year ended 30 September 2020
| 1 | ACCOUNTING POLICIES | Accruals Basis | ||||
|---|---|---|---|---|---|---|
| 2 | TANGIBLE FIXED ASSETS | Cost | ||||
| As at 01/10/2019 | 120,118 | |||||
| 120,118 | ||||||
| Depreciation | ||||||
| As at 01/10/2019 | (108,866) | |||||
| For the year | (3,652) | |||||
| (112,518) | ||||||
| Net Book Value at 30/09/2020 | 7,600 | |||||
| 3 | DEBTORS | |||||
| Accrued Income | 6 | |||||
| Prepayments | 674 | |||||
| 4 | CURRENT ASSET INVESTMENTS | 680 | ||||
| Unit Trust Investments | ||||||
| Market Value at 01/10/2019 | 17,085 | |||||
| Dividends and interest paid | 445 | |||||
| Unrealised gain in market value | (1,474) | |||||
| Market Value at 30/09/2020 | 16,056 | |||||
| 5 | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Trade Creditors | 336 | |||||
| Accrued expenditure | 647 | |||||
| Deferred Income | - | |||||
| Provision for unspent grant | income | 405 | ||||
| 1,388 | ||||||
| 6 | UNRESTRICTED FUNDS | |||||
| Incoming | Outgoing | |||||
| Brought forward | Resources | Resources | Carried Forward | |||
| 52,108 | 3,977 | (12,851) | 43,234 | |||
| 7 | RESTRICTED FUNDS | |||||
| Incoming | Outgoing | |||||
| Brought forward | Resources | Resources | Carried Forward | |||
| 1,717 | 1,000 | (1,330) | 1,387 |
Radio Harrow
Notes to the accounts for the year ended 30 September 2020
| 8 INCOMING RESOURCES Incoming resources from generated funds Donations OTHER Fundraising events and commercial income Investment Income Membership subscriptions Unrealised gain on investments CHARITABLE ACTIVITIES Grants 9 RESOURCES EXPENDED Costs of Generating Funds CHARITABLE ACTIVITIES Volunteer costs Direct costs for Covid-19 measures Marketing and Publicity Equipment and Maintenance Office Overheads Internet and streaming Subscriptions Licences and Insurance Depreciation of Tangible Assets |
1,512 5 471 1,989 (1,474) 1,000 |
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| 3,503 | |
| - 810 196 115 2,834 496 1,462 374 2,768 3,652 |
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| 12,707 |
Charles Biggie Trustee 19 July 2021