**Radio Cherwell –Financial Report 2023/24** 

## **Financial Report for the Year Ending 31 May 2024** 

## **The Organisation** 

Radio Cherwell is a Charitable Incorporated Organisation registered with the Charity Commissioners (No. 1171654). It exists as a hospital radio station operating and broadcasting from: 

The Studio, Churchill Hospital, Old Road, Headington, Oxford, OX3 7LJ 

The charity is run by a Board of Trustees elected by the membership annually. 

This report, covering the period from 1[st] June 2023 to 31[st] May 2024, consists of following sections: 

1. A summary of income and expenditure with comparative figures for the previous year. 

2. Notes giving further details and summaries of specific areas. 

3. A summary of financial assets. 

4. Details of Assets and Liabilities 

5. Details of Creditors and Debtors 

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**Radio Cherwell –Financial Report 2023/24** 

## **1. Income and Expenditure** 

|||**2023/24**|**2022/23**|<br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br>|
|---|---|---|---|---|
||||||
||**INCOME**||**£**||
||||||
||MembershipSubscriptions|1074|920||
||ClothingSales|40|50||
||Donations,Gift Aid and Fundraising|1104|1459||
||Public Addresses|2180|3049||
||Recordings and Studio Services|260|230||
||Interest Received|536|181||
||**TOTAL INCOME**|**5194**|**5889**||
||||||
||**EXPENDITURE**||||
||Fees and Subscriptions – see below||||
||_HBA membership Subscription_|50|50||
||_IRN/Sky News licence_|479|439||
||_TV License_|159|159||
||_Radio Cherwell App_|144|144||
||_Streaming Provider – Internet Radio_|216|235||
||_PPL – Hard Disk Music_|72|165||
||_PPL - Hospedia_|216|235||
||_PPL - Webcasting_|874|668||
||_AWS Website_|41|39||
||Mixcloud|79|79||
||PRS|226|0||
||BT broadband + Telephone Line|802|839||
||Studio Relocation|130|803||
||Office Supplies / Postage|74|91||
||Insurance|1331|1266||
||Repairs and Maintenance inc. Trailer|451|352||
||Publicity|0|124||
||Library|0|139||
||HMRC|103|0||
||||||
||**TOTAL EXPENDITURE**|**5447**|**5826**||
||||||
||**BALANCE**|**-253**|**112**||



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**Radio Cherwell –Financial Report 2023/24** 

## **2. Notes and Comments** 

## Income 

- Fewer Public Addresses were undertaken, mainly relating to weather cancellations. 

- Interest revenue increased, in line with national conditions. 

## Expenditure 

- This was broadly similar with the previous year, but includes a new payment for PRS. 

## **3. Current Financial Assets at 31/05/2024** 

|Bank Current Account|£506|
|---|---|
|Business Reserve 1|£8010|
|Petty Cash|£5|
|**Total**|**£8521**|



## Annual Running Costs of the Organisation 

For the financial year 2023/24, the approximate running costs for the organisation were approximately **£5000.** 

## Relocation Fund is a Separate Account 

The studio relocation started this year. This is covered in a separate set of accounts set up for this purpose. The fund account balance currently stands at **£13041.** Total spending to date is **£1755** . When spending is complete money will be transferred from high interest account, to avoid penalty payments, if agreed. 

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**Radio Cherwell –Financial Report 2023/24** 

## **4. Assets and Liabilities** 

## **Assets** 

## Fixed Assets 

This total comprise the equipment of the organisation, including the trailer. Each year depreciation reduces the total. New equipment purchased during this financial year totalled £644. 

At 31[st] May 2024 our fixed assets totalled **£8000** 

## **Liabilities** 

## **Children’s Show Prize Fund** 

This is made up of money donated specifically and used for this purpose. The balance of the fund as at 31[st] May 2024 was **£1022.** 

## **Peter Baker Fund** 

This fund was set up in memory of former member and used to finance an annual presentation. The balance of the fund as at 31[st] May 2024 was **£299.** 

## **5. Creditors and Debtors** 

**Creditors:** This is income **received** in the 23/24 financial year, which relates to the 24/25 financial year. This totalled **£220** , all for membership fees paid in advance. 

**Debtors:** This is money **yet to be received** from services provided in 23/4 financial year. This totalled **£890** all for public addresses work. 

Richard Gosling, Treasurer, September 2024 

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