Trustees' Report and Annual Review 2006

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Notes to the Financial Statements for the Year Ended 31st December 2006

  2006  2005
   
1. BALANCE OF ACCOUNTS
Natwest Current Account - balance as at 1st January   7,235.35  1,434.73
Deposit Accounts - balance as at 1st January   22,443.44 17,675.91
Total Funds Held at the Start of the Year   29,678.79   19,110.64
 
Net SURPLUS of Income over Expenditure during the Year   1,792.14 10,568.15
 
TOTAL FUNDS HELD as at the 31st December   31,470.93 29,678.79
 
Represented by :-
Natwest Current Account - balance per cash book records   2,664.86  7,235.35
Deposit Accounts - balance per cash book records   28,806.07 22,443.44
TOTAL FUNDS HELD as at the 31st December   31,470.93 29,678.79
 
2. FUNDRAISING INCOME
CD Sales ("WHR" label)   1,703.56  4,864.57
"Sound Remedy" Magazine  1,700.52   
Sponsored Parachute Jump  488.00   
Collection Days   737.32   1,160.74
Supper Quiz   649.00   1,146.00
Car Boot Sales   -   630.50
Sponsored Broadcast   -   503.46
  5,278.40  8,305.27
 
3. DONATIONS
Barclays Bank (matched funding for Steve Wills CD sales)  551.00  540.00
Donations from Individuals & Friends of WHR   308.70   355.50
In memory of Elsie Wilmot 265.00  
Leckford Estates   200.00 -
Adjutant General's Corps   150.00   -
Littleton and Harestock Show   150.00   125.00
  1,474.70  1,020.60
 
4. OTHER INCOME
CD Sales ("Codename Music" label)   329.00  528.24
Gift Aid refund from HM Revenue & Customs  301.06  218.17
Charities Online Accounts Awards Prize Money   -  5,000.00
OB Van sale   -  300.00
Studio Hire   -  35.00
  630.06  6,081.41
 
5. FIXED ASSETS
Upgrade of Music playout system and office computers  4,752.97  -
Air conditioner for Computer Cupboard  199.99  -
Combination TV/DVD Player   -  134.94
  4,952.96  134.94
 
6. STATION ADMINISTRATION EXPENSES
Insurance   798.15  785.47
Licence Fees   395.88  599.31
Stationery and Computer Consumables   145.76  114.68
Telephone   45.55  101.33
Miscellaneous   43.98  36.22
HBA Annual Membership   37.00  37.00
Volunteers' Refreshments   14.42 8.51
Postage   14.40  29.05
  1,495.14  1,711.57
 
7. FUNDRAISING EXPENSES
Supper Quiz   293.65  342.63
Sponsored Parachute Jump 225.00 -
Production/Licensing of CDs ("WHR" CD Label)   195.31  3,462.47
Sainsburys Collection Day/Roadshow   120.00  66.35
Birthday Supper Quiz  103.50   
Miscellaneous   29.02  7.82
Car Boot Sale   -  75.00
Gala Ball   -  28.15
Licences   -  17.50
 966.48  3,999.92
 
8. 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.
 
9. 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.
 
10. 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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