**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:
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 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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