2026-05-31-accounts

Radio Cherwell – Financial Report 2025/26

Financial Report for the period 1 June 2025 to 31 May 2026

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 annually, by the membership.

This report, covering the period from 1[st] June 2025 to 31[st] May 2026, 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 2025/26

1. Income and Expenditure

		2025/26	2024/25
		£	£
	INCOME
	Public Addresses	2050	2040
	Sponsorship	1080	0
	MembershipSubscriptions	926	1140
	Donations,Gift Aid and Fundraising	687	367
	Interest Received	354	495
	Recordings and Studio Services	300	270
	ClothingSales	28	-11
	TOTAL INCOME	5425	4321
	EXPENDITURE
	Fees and Subscriptions – see below
	PPL	1234	1192
	IRN/Sky News licence	518	496
	Streaming Provider – Internet Radio	216	216
	TV License	175	169
	Radio Cherwell App	144	144
	Mixcloud	79	79
	AWS Website	54	57
	HBA membership Subscription	50	50
	Insurance	1440	1395
	BT broadband + Telephone Line	709	662
	Programmes	68	0
	Office Supplies / Postage	64	91
	Publicity	36	0
	Repairs and Maintenance inc. Trailer	17	239
	Library	0	84
	TOTAL EXPENDITURE	4804	5106
	BALANCE	621	-785
	New Equipment Purchased (Added to Assets)	494	921
	Balance including New Equipment purchased	127	-1706

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Radio Cherwell – Financial Report 2025/26

2. Notes and Comments

Income

Income was broadly in line with the previous year. The main reason for the difference was the new income from sponsorship.

Expenditure

Expenditure was broadly in line with the previous year.

3. Current Financial Assets at 31/05/2026

Bank Current Account	£341
Business Reserve 1	£6104
Total	£6445

Relocation Fund

This fund is kept in a separate account. The fund account balance (31/05/26) was £13717.

Relocation expenditure

This is covered in a separate set of accounts set up for this purpose. Total spending to date is £1755 . There was no expenditure in 25/26. Until spending is complete, no money will be transferred from our high interest account. This is to avoid interest penalty payments.

Annual Running Costs of the Organisation

For the financial year 2025/26, the approximate running costs for the organisation were approximately £4700

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Radio Cherwell – Financial Report 2025/26

4. Assets and Liabilities

Assets

Fixed Assets

Our fixed assets totalled £6000 as of 31[st] May 2026

This total comprises the equipment of the organisation, including the trailer. Each year depreciation normally reduces the total.

New equipment purchased and added to assets this financial year totalled £494.

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 of 31[st] May 2026 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 of 31[st] May 2026 was £299.

5. Creditors and Debtors

Creditors:

This is income and services received in the 25/26 financial year, which relate to the 26/27 financial year. Eynsham Carnival paid their Public Address donation of £250 in advance.

Debtors: This is money yet to be received for services provided in 25/26 financial year, but not paid for until the 26/27 financial year. This totalled £750 , for the May morning Public Address.

Richard Gosling, Treasurer, August 2026

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