Trustees' Report and Annual Review 2005

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Notes to the Financial Statements for the Year Ended 31st December 2005

  2005   2004
   
1. BALANCE OF ACCOUNTS
Natwest Current Account - balance as at 1st January   1,434.73   2,874.15
Deposit Accounts - balance as at 1st January  17,675.91 13,545.36
Total Funds Held at the Start of the Year   19,110.64   16,419.51
 
Net SURPLUS of Income over Expenditure during the Year  10,568.15  2,691.13
 
TOTAL FUNDS HELD as at the 31st December  29,678.79 19,110.64
 
Represented by :-
Natwest Current Account - balance per cash book records   7,235.35   1,434.73
Deposit Accounts - balance per cash book records  22,443.44 17,675.91
TOTAL FUNDS HELD as at the 31st December  29,678.79 19,110.64
 
2. FUNDRAISING INCOME
CD Sales ("WHR" label)   4,864.57   1,741.20
Collection Days   1,160.74   727.62
Supper Quiz   1,146.00   1,599.16
Car Boot Sales   630.50   -
Sponsored Broadcast   503.46   -
"Sound Remedy" Magazine   -   1,250.40
Book Sale   -  463.51
  8,305.27  5,781.89
 
3. DONATIONS
Barclays Bank (matched funding for Steve Wills CD sales)  540.00   -
Donations from Individuals & Friends of WHR   355.50   377.94
Littleton and Harestock Show   125.00   250.00
Adjutant General's Corps   -   346.24
Leckford Estates   -  100.00
  1,020.60  1,074.18
 
4. OTHER INCOME
Charities Online Accounts Awards Prize Money   5,000.00   -
OB Van sale   300.00   -
CD Sales ("Codename Music" label)   528.24   1,146.99
Gift Aid refund from Inland Revenue   218.17   144.07
Studio Hire   35.00   -
National Hospital Radio Awards Prize Money   -   50.00
Sale of WHR Polo Shirts   -  48.00
  6,081.41  1,389.06
 
5. FIXED ASSETS
Combination TV/DVD Player   134.94   -
Headphones   -   352.24
Uninterruptible Power Supply   -   274.93
Cassette Machine(s)   -   99.95
OB Link Transmitter Amplifier   -  91.00
  134.94  818.12
 
6. MUSIC LIBRARY & BROADCASTING MATERIALS
Music Library   62.89   302.68
Studio Consumables   180.55  33.42
  243.44  336.10
 
7. STATION ADMINISTRATION EXPENSES
Insurance   785.47   773.16
Licence Fees   599.31   238.50
Stationery and Computer Consumables   114.68   16.48
Telephone   101.33   169.76
HBA Annual Membership   37.00   37.00
Miscellaneous   36.22   24.97
Postage   29.05   148.35
Volunteers' Refreshments   8.51  -
  1,711.57  1,408.22
 
8. TRANSPORT
Insurance   140.16   441.15
Running Costs   -   227.64
Servicing/Repairs   -  142.89
  140.16  811.68
 
9. FUNDRAISING EXPENSES
Production/Licensing of CDs ("WHR" CD Label)   3,462.47   1,337.34
Supper Quiz   342.63   705.21
Sainsburys Collection Day/Roadshow   66.35   67.20
Car Boot Sale   75.00   -
Gala Ball   28.15   -
Licences   17.50   17.50
Miscellaneous   7.82   -
St Maurice's Covert Book Fair   -  28.00
nbsp; 3,999.92  2,155.25
 
10. TRUSTEES' EXPENSES
No expenses were paid to any of the Trustees during the year, except to re-imburse them for purchases made on behalf of the charity.
 
11. TRUSTEES' INDEMNITY INSURANCE
No charitable funds have been used to purchase insurance to indemnify the Trustees against the consequences of any neglect or default on their part.
 
12. ACCOUNTING POLICIES
Winchester Hospitals Radio is a registered charity and, as such, is governed by the Charities Acts of 1992 and 1993. As it has both a gross income and a total expenditure of not more than 100,000 per annum, section 42(3) of the 1993 Act entitles this charity to present simplified financial statements. As a result of this, and to be consistent with prior years, only a Receipts and Payments Account has been prepared and presented.
As a consequence of producing a Receipts and Payments Account, equipment purchases are not capitalised and depreciated. The full cost appears in the accounts for the year in which the equipment was purchased.

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