Radio Cherwell – Financial Report 2024/25
Financial Report for the Year Ending 31 May 2025
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 2024 to 31[st] May 2025, consists of following sections:
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A summary of income and expenditure with comparative figures for the previous year.
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Notes giving further details and summaries of specific areas.
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A summary of financial assets.
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Details of Assets and Liabilities
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Details of Creditors and Debtors
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Radio Cherwell – Financial Report 2024/25
1. Income and Expenditure
| 2024/25 | 2023/24 | |||
|---|---|---|---|---|
| INCOME | ||||
| MembershipSubscriptions | 1140 | 1074 | ||
| ClothingSales | -11 | 40 | ||
| Donations,Gift Aid and Fundraising | 367 | 1104 | ||
| Public Addresses | 1990 | 2180 | ||
| Recordings and Studio Services | 270 | 260 | ||
| Interest Received | 495 | 536 | ||
| TOTAL INCOME | 4271 | 5194 | ||
| EXPENDITURE | ||||
| Fees and Subscriptions – see below | ||||
| HBA membership Subscription | 50 | 50 | ||
| IRN/Sky News licence | 496 | 479 | ||
| TV License | 169 | 159 | ||
| Radio Cherwell App | 144 | 144 | ||
| Streaming Provider – Internet Radio | 216 | 216 | ||
| PPL – Hard Disk Music | 74 | 72 | ||
| PPL - Hospedia | 222 | 216 | ||
| PPL - Webcasting | 896 | 874 | ||
| AWS Website | 57 | 41 | ||
| Mixcloud | 79 | 79 | ||
| PRS | 232 | 226 | ||
| BT broadband + Telephone Line | 662 | 802 | ||
| Studio Relocation | 0 | 130 | ||
| Office Supplies / Postage | 91 | 74 | ||
| Insurance | 1395 | 1331 | ||
| Repairs and Maintenance inc. Trailer | 239 | 451 | ||
| Library | 84 | 0 | ||
| HMRC | 0 | 103 | ||
| TOTAL EXPENDITURE | 5106 | 5447 | ||
| BALANCE | -835 | -253 |
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Radio Cherwell – Financial Report 2024/25
2. Notes and Comments
Income
The decrease from the previous year is mainly due to a large donation made in 23/24.
Expenditure
The decrease from the previous year is mainly due to savings made from a new telephone contract and less spent on equipment repairs and maintenance.
3. Current Financial Assets at 31/05/2024
| Bank Current Account | £361 |
|---|---|
| Business Reserve 1 | £6206 |
| Total | £6567 |
Relocation Fund
This is covered in a separate set of accounts set up for this purpose. The fund account balance currently stands at £13429. Total spending to date is £1755 . When spending is complete money will be transferred from high interest account, to avoid penalty payments, if agreed.
Annual Running Costs of the Organisation
For the financial year 2024/25, the approximate running costs for the organisation were approximately £5100
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Radio Cherwell – Financial Report 2024/25
4. Assets and Liabilities
Assets
Fixed Assets
At 31[st] May 2025 our fixed assets totalled £6800
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 £921.
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 2025 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 2025 was £299.
5. Creditors and Debtors
Creditors: This is income received in the 24/25 financial year, which relates to the 25/26 financial year. This totalled £200 , all for public address work paid in advance.
Debtors: This is money yet to be received from services provided in 24/5 financial year. This totalled £690 ,all for public address work.
Richard Gosling, Treasurer, July 2025
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