Trustees' Report and Annual Review 2007

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Notes to the Financial Statements for the Year Ended 31st December 2007

  2007   2006
   
1. BALANCE OF ACCOUNTS
Natwest Current Account - balance as at 1st January   2,664.86   7,235.35
Deposit Accounts - balance as at 1st January   28,806.07   22,443.44
Total Funds Held at the Start of the Year   31,470.93   29,678.79
 
Net SURPLUS of Income over Expenditure during the Year   5.387.60   1,792.14
 
TOTAL FUNDS HELD as at the 31st December   36,858.53   31,470.93
 
Represented by :-
Natwest Current Account - balance per cash book records   6,943.16   2,664.86
Deposit Accounts - balance per cash book records   29,915.37   28,806.07
TOTAL FUNDS HELD as at the 31st December   36,858.53   31,470.93
 
2. FUNDRAISING INCOME
CD Sales ("WHR" label)   4,036.51   1,703.56
Longstock Garden Open Day   1,950.00    
Collection Days   588.29   737.32
Sponsored Parachute Jump   471.43   488.00
"Sound Remedy" Magazine   -   1,700.52
Supper Quiz   -   649.00
  7,046.23   5,278.40
 
3. DONATIONS
1st Winchester Scout Group   1,014.50   -
Barclays Bank (matched funding for Steve Wills CD sales)   526.00   551.00
Donations from Individuals & Friends of WHR   151.54   308.70
Adjutant General's Corps   50.00   150.00
In memory of Elsie Wilmot   -   265.00
Leckford Estates   -   200.00
  1,742.04   1,474.70
 
4. OTHER INCOME
Refund for broken Air Conditioner   229.00   -
CD Sales ("Codename Music" label)   94.25   329.00
Gift Aid refund from HM Revenue & Customs   66.74   301.66
  390.98   630.66
 
5. STATION ADMINISTRATION EXPENSES
Insurance   718.28   798.15
Licence Fees   502.88   395.88
Broadband Internet Connection   177.17   -
Studio Locks and Keys   156.97   -
Stationery and Computer Consumables   124.92   145.76
Postage   57.95   14.40
Miscellaneous   51.73   43.98
Health & Safety Training   40.00   -
HBA Annual Membership   37.00   37.00
Telephone   -   45.55
Volunteers' Refreshments   -   14.42
  1,866.90   1,495.14
 
6. FIXED ASSETS
New Studio Chairs   428.88   -
Office Filing Cabinets   336.00   -
Microphone Pre-Amps   137.01   -
Upgrade of Music playout system and office computers   66.59   4,752.97
Air conditioner for Computer Cupboard   34.95   199.99
  1,003.43   4,952.96
 
7. FUNDRAISING EXPENSES
Production/Licensing of CDs ("WHR" CD Label)   1,751.08   195.31
Sponsored Parachute Jump   205.00   225.00
Sainsburys Collection Day/Roadshow   24.00   120.00
Longstock Garden Open Day   234.59   -
Supper Quiz       293.65
Birthday Supper Quiz       103.50
Miscellaneous   20.56   29.02
  2,235.23   966.48
 
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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