Radio Harrow, Charitable Incorporated Organisation Registered with the Charity Commission, number 1161203
Trustees’ Report and Financial Statements for the year ending 30 September 2021
Trustees
Mr. Charles Biggie Mr. Jonathan Hart Mr. Ben Punter Mr. David Reece
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 been awarded Hospital Radio Station of the Year at the Hospital Broadcasting Association’s award ceremony in March 2021.
Financial Review
Radio Harrow were grateful for the receipt of grants totalling £1,500 from the Jack Petchey Foundation, funding activities and fulfilment for our volunteers aged under 25 years old, in accordance with the Foundation’s aims. Unfortunately, due in part to restricted activity, the Charity was unable to use the larger of the two grants for their restricted purpose and £1,000 had to be repaid to the Foundation.
Radio Harrow’s association with the Jack Petchey Foundation continues, however, and the Charity looks forward to fulfilling its activities with its younger volunteers under this funding programme in the future.
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 £34,808 as at 30[th] September 2021 and represents 68 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 18 July 2022
Radio Harrow
Statement of Financial Activities
| For the year ended 30 September 2021 Notes Incoming resources 8 Incoming resources from generated funds Voluntary Income 12 Activities for generating funds - Incoming from charitable activities Other incoming resources 1,108 Investment income 486 Total incoming resources 1,606 Resources expended 9 Costs of generating funds Cost of generating voluntary income - Charitable Activities 6,159 Total resources expended 6,159 Unrealised Gain /(Loss)on investments 1,957 Net movement in funds (2,596) Reconciliation of funds: Total funds balance brought forward 43,234 Total funds balance carried forward 40,638 Unrestricted Funds £s |
500 500 - 636 636 (136) 1,387 1,251 Restricted Funds £s |
2020/21 2019/20 Total £s Total £s 12 1,512 - 5 500 1,000 1,108 1,989 486 471 |
|---|---|---|
| 2,106 4,977 - - 6,795 12,707 |
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| 6,795 12,707 1,957 (1,474) |
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| (2,732) (9,204) 44,621 53,825 |
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| 41,889 44,621 |
Radio Harrow
Balance Sheet
| As at the year ended 30 September 2021 Notes Fixed Assets Brought forward acquistion value 106,481 Asset purchases less disposals in the year - Brought forward depreciation (98,917) Net depreciation in the year (1,734) Net tangible assets 2 5,830 Current assets Debtors falling due within one year 3 949 Investments 4 18,497 Short-term deposits 15,145 Cash at bank and in hand 682 35,273 Creditors: amounts falling due within one year 5 (465) Net current assets 34,808 Net Assets 40,638 Funds 6 7 40,638 Total funds 40,638 Unrestricted Funds £s |
13,637 502 (13,601) (137) 401 - - 1,255 - 1,255 (405) 850 1,251 1,251 1,251 Restricted Funds £s |
2020/21 2019/20 Total £s Total £s 120,118 120,118 502 - (112,518) (108,866) (1,871) (3,652) |
|---|---|---|
| 6,231 7,600 949 680 18,497 16,056 16,400 21,500 682 173 |
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| 36,528 38,409 (870) (1,388) |
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| 35,658 37,021 |
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| 41,889 44,621 |
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| 41,889 44,621 |
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| 41,889 44,621 |
Radio Harrow
Notes to the accounts for the year ended 30 September 2021
| 1 ACCOUNTING POLICIES Accruals Basis 2 TANGIBLE FIXED ASSETS Cost As at 01/10/2020 Additions in the year Depreciation As at 01/10/2020 For the year Net Book Value at 30/09/2021 3 DEBTORS Accrued Income Prepayments 4 CURRENT ASSET INVESTMENTS Unit Trust Investments Market Value at 01/10/2020 Dividends and interest paid Unrealised gain in market value Market Value at 30/09/2021 |
120,118 502 |
|---|---|
| 120,620 (112,518) (1,871) |
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| (114,389) | |
| 6,231 142 807 |
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| 949 16,056 484 1,957 |
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| 18,497 |
5 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade Creditors | 336 | ||||
|---|---|---|---|---|---|
| Accrued expenditure | 109 | ||||
| Deferred Income | 20 | ||||
| Provision for unspent grant income | 405 | ||||
| 870 | |||||
| 6 | UNRESTRICTED FUNDS | ||||
| Incoming | Outgoing | ||||
| Brought forward | Resources | Resources | Carried Forward | ||
| 43,234 | 3,563 | (6,159) | 40,638 | ||
| 7 | RESTRICTED FUNDS | ||||
| Incoming | Outgoing | ||||
| Brought forward | Resources | Resources | Carried Forward | ||
| 1,387 | 500 | (636) | 1,251 |
Radio Harrow
Notes to the accounts for the year ended 30 September 2021
| 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 Charles Biggie Trustee 18 July 2021 |
12 - 486 1,108 1,957 500 |
|---|---|
| 4,063 | |
| - 116 195 115 18 (96) 1,893 398 2,285 1,871 |
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| 6,795 | |