**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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