Trustees' Report and Annual Review 2009

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Notes to the Financial Statements for the Year Ended 31st December 2009

  2009   2008
   
1. BALANCE OF ACCOUNTS
Natwest Current Account - balance as at 1st January   4,458.73   6,943.16
Deposit Accounts - balance as at 1st January   35,910.10   29,915.37
Total Funds Held at the Start of the Year   40,368.83   36,858.53
 
Net SURPLUS of Income over Expenditure during the Year   5,912.80   3,510.30
 
TOTAL FUNDS HELD as at the 31st December   46,281.63   40,368.83
 
Represented by :-
Natwest Current Account - balance per cash book records   10,474.92   4.458.73
Deposit Accounts - balance per cash book records   35,806.71   35,910.10
TOTAL FUNDS HELD as at the 31st December   46,281.63   40,368.83
 
2. FUNDRAISING INCOME
CD Sales ("WHR" label)   9,737.85   4,383.65
"Sound Remedy" Magazine   1,306.00    
Collection Days   568.82   469.71
Christmas Fayre   71.06   -
Fundraising Gig   -   400.00
Christmas Programme Guide Advertising   -   125.00
Car Boot Sale -   82.00
Sponsored Parachute Jump -   40.00
 
3. DONATIONS
Barclays Bank (matched funding for Steve Wills CD sales)   652.99   520.00
James Luff   400.00   -
Donations from Individuals & Friends of WHR   248.50   203.26
Leckford Estates   100.00   100.00
Legacy - Ron Cruse   -   1,000.00
1st Winchester Scout Group   -   150.00
  1,401.49   1,973.76
 
4. OTHER INCOME
Gift Aid refund from HM Revenue & Customs   121.36   219.77
Sale of Air Conditioning Unit   -   100.00
CD Sales ("Codename Music" label)   -   94.02
  121.36   413.79
 
5. STATION ADMINISTRATION EXPENSES
Insurance 715.97 728.46
Licence Fees   493.50   478.88
Broadband Internet Connection   415.31   431.30
Stationery and Computer Consumables   176.79   317.34
Legal Advice   144.15   -
Postage   132.86   151.11
25th Birthday Celebrations   101.80   -
Paper Shredder   77.86   -
Volunteers' Refreshments   33.77   98.68
HBA Annual Membership   37.00   37.00
Miscellaneous   17.77   15.14
  2,346.78   2.257.91
 
6. FIXED ASSETS
Upgrades of Music playout system and office computers   2,522.50   814.82
Audio Processor for Station Output to Patientline   -   464.13
  2,522.50   1,278.95
 
7. FUNDRAISING EXPENSES
Production/Licensing of CDs ("WHR" CD Label)   3,252.69   2,464.79
Sainsburys Collection Day/Roadshow   103.00   106.50
Fundraising Gig   -   130.00
Car Boot Sale   -   85.00
  3,355.69   2,786.29
 
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 250,000 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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