EPSOM PAEtXCAL EQUIPMENT FUNO IR•gl$tored Chwlty Numlxr. 100497n TRUSTEES, ANNUAL REPORT AND HNANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
EPSOM MEIXCAL EQUIPMENT FUND Trustees, Annual ReK Independent Audltcs Rep(xt 7-10 Statement of Flnandal Acllvltl08 (Inckxw Incorne aThJ ExporKliturel 11 Balance Sheet 12 Not•8 to tha Financial Slatwmts 13-18
Page 1 EPSOM MEDICAL EQUIPMEKf FUND TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022 The Trustees wesent their aThJ the audrted fnarKial ststwnents of Epscffi Medical Equipment Fundllhe ¢hariWI f the year end&1 June 2022. Trustees have adopted the provisions of the slment of Recomrnended Practth (SORPI -Acix)untirYJ and RepO.j by Charities. in prepariThJ tha annual reFrfM and finaThial statements of the charity. The financial statements have been prepared in ac(Xxdar9 1th ts ar£ountwig polKies set (AA in nrA88 to Ihe accounts and comply with the charitys sb)veming docwnen( tho Charili88 Ad 2011 and wthere relevant. the Chariti88 Act 2022. and Accountiw and Repo.n9 by Chariti8s'. Statement of Recommended Practice applicable to tharities thdr wminls in a(xordance Vith the FanCIal Roportlng Standard applicab18 in th8 UK and Republk d Irelwx1 publishod in QcAob8r 2019. REFERENCE AND ADMINISTRATIVE DETAILS Charlty R•gl•tratlon Numb•r 1004977 AddrM8 32 Teallng DrlNt, Ewdl. Surrey Kf19 I8. Tru8tO•8 The names of the Tnffjtee8 WtKJ 88r¥ed tho yoar and to Ihe d8te of thg rgport'$ appnwal are: Dr A M Gregory. MB. BS. MRCP. FRCR Dr M J Sempl8, MB, BS, FRCP, FRCPath Mr A J Will$ (r8si9nod 12 Fèbruary 2023) Dr S Roberts. Td MbChB Dr A Carter. M88S. FRCPCH, MSC (Oxon) Bsc Mrs M LaThJog RGN MrDRHull Dr M H Khan. MBBS FRCP, FRCPI. AHEA Dr J A Houghton. MB, BS. MRCGP (apinted 4 Ckn 2022) The names of tho Thlm) 8er4d duriThJ Ihe year and lo ts date of the r8porf8 appThal aro.. Mr M J Bailey, MS. FRCS Dr P Mitthe1H89gs, MB. PhD. FRCP Dr L G D8rfln9lon, MD. BSC, FRCP Dr C George. FRCS. FRCR Mr T C Edw8rds. BA (Hon3) Prof. A. Rahman, FRCP Fund Cowordlnator Mrs B Harding. MBE Independent SLitutory Audltor Rawlinson & Hunter Audit LLP EMJhth H(KJr 6 New Street Square New Fetter Lane London EC4A 3AQ
Pa3e 2 EPSOM MEDICAL EQUIPPAENT FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022 REFERENCE AND ADMINISTRATIVE DETAILS (ContInd} Accountants Rawlinson & Hunter LLP. Chartered knntants 03, The Square Randalls Way Leatherhead. Surrey. Kf11 Trw 8ank•r•: National Weslrnin8ter PIC 115 Hlgh Street Suryey, Kf19 80X National CntieS 8uildiw Limitad 30 Churth Stroet Epsom Surrey. KT17 4NL Matro Bank PIC One Southampton Rry London. WC1 B SHA STRUCTURE, GOVERNANCE AND MANAGEMEKr Governlng Document The charity was estsblished by 8 Ooed of Trust dated 12 Septerntjer 19918nd18 an unIncorpI9d charitable trust bound by th8 propw law of ErwJland and Wales. entire resources ol Ihe charlty hrn been wrestri¢#ed throullht the year and the Trustees have complele discretion for thelr use. Appolntm•nl and Ram1 of Tru•t• The power to appoint and reThJve tnJstee8 vests %%ith th8 Trustses. A new trust99 may be appointed by a rnsolutlrm of tho Tnlee8 recor in the minutes and ahjned ty the new Iru81•8. Tru8t•e Induetlon and Tralnlng New trustees undergo trainir#J on their leg81 oblhJ8tlons under Chaflty Law, the d8dslon-maklrvJ processes. Ihe business plan and recent perfonr8nce of Ihe chwity. Organlvatlon and Managoment The charity is administered on a daly bas15 by B HartliiYJ Tth) reFAxI8 dlrectty to the Trustso$. The Trusiees famllY meet three to four times a >ear. The accounlirvJ fUneth Is (arrie(I by RavAiwn & Hunter LLP, Ch*tsred Ac¢ount8nts. Related Partles AfHlkillon The tharity is nol assoualed with any Olf charlty.
Pag8 3 EPSOM MEDICAL EQUIPMEITf FUND TRUSTEES. ANNUAL REPORT FOR THE YEAR ENIJED 30 JUNE 2022 STRUCTURE. GOVERNANCE AND IAANAGEMENT (tontlnuod) Pay polley for senior staff Tho TTUSte8s consider the Trust888 and Ihe FurKI CdIn010r Ihe m8nagem8nt P8r8onnd of lh8 charity are in charge d dlrecting and o)ntrdling, running and operating the tharity on a day to day basis. All Trusle85 give Ihoir Ilm8 freely and no Tru8tee recaived remuneratlon or expenses in the . The pay of the Fund c(OrdInatOr Is rev18ed annually and normally Increased In a¢cordarKe 41h aver898 6amlryp and Infi8tlon data 88 at the end of oath Rlsk Managemenl The Trustees aotlvely revbw the major rfgks vttkh tr dwrKy facm on a regu18r b881s and bdiève that malntalnlng fesew at rrent lovels. (x)mtA'ned th an annual reNiew of the controls over key financial SYSm5. provM18 sufficiont resreaS in ts 81 of advers8 C4YKlilions. Th• Trusto0s have al80 examlned (ther Opera and tsIneSS rfsks faced by th8 charNy and onflrni that have 8$tshed systems lo mllbJate the slgnKIGant rt7k8. Inv•slmont Powern Trust mney can be Inv8818d at Ihg Tfwiees. thjuie dlsuekn. The Tru8t88s have full unrestrlcted to Invost lunds as see fft. OBJECTIVES AND ACTivmES FOR THE PUBUC BENEFIT The charity wa6 e8tabli8hod to relieN Sickr and to wotect and presefve the health of the g8neral public by providing or assislivwj bn the provision dfaclities and equipment at Epsom Ggn8ral Ho$tal and 81584vhere in Surrey cf the 6urrrwThJlTr3 area ¥wukJ nol otheISe be provlded by the Local Health Authorlty. The chadty seeks to achkng Its ot4ecllves ty wJanlslrwJ furKI ralslrva aclMlle8. These oblectlve8 are eontlnually rgvlewed by way of regular meelrwJ3 of the Tntee& The Trustees confim) that they rnferred to the guld8nc8 (xffit8k*d In thè Charty C(xnmlsslon's gonor81 guidanc• publ¢ bon•frt vkn the ¢Jwty& aims and objective8 and In plannlng future actiiities. HOW OUR OBJECTIVE3 AND 1MT1Es DEUVERED PU8UC BENEFrr: A REVIEW OF ACHIEVEMENTS AND PERFORMANCE DURING THE YEAR Th8 Trustees are pleased that tho achIevem WKI pwlrymanc8 of the charity, as $8t out bekm, demonstrate contlnued prcgress In dellverlng wblk benefft. There h8vo baen no materlal chang88 in Ihe management Oicies of the charity SIre th8 lasl repxt. IncomirKJ res(wrc6s duriThJ the year totalled £41,74412021- £63.519), a decrease of 34% from 2021. The main irKtMne sources Ire thallOnS of £29,210 12021 - £58.25T) ifKludiTrJ legaues and donated ac¢t)unting and audit servKes. fund raising of £10.101 12021 - £3.0141 generated frc¥n activibes Indj1j car boot sales, dinners and raffles, and £550 {2021- £1.622> from interest on bank eJepo$its. Grft aKI of £1,88312021- £626) was claimed in the year.
Page 4 EPSOM MEDICAL EQUIPMEpff FUND TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022 HOW OUR OBJECTIVES AND ACTMTIES DEUVERED PUBUC BENEFrr (¢ontlnu•d): The charity has lrnyeased ts fundrnsswYJ acliths (knnNJ the yoar folbwig 8 raductlon to the restrictions in place by tho UK Government lor mass gathgrings durfng Ihe Coronavirus pandemk. Many of the regular ¢y annual fundraising adivrties have been affected by this over the past years. with It(doWn restr1¢thS iniiialty eased in the prior year and subsequently removed In February 2022. The Trustees hope that Ihe &Thtions generated by fundrawng actNIt3 WIII increase goirKJ forward a5 adriits88 r8lurn to nnal after th@ pandemic. FUndraIn9 The Trustees have referred to the C(Kl8 cl Fundraising Pra(kn {Ihe Code") effediv& October 2019 by the fundraislng community thr the work ofth8 Inslltutè of Fundr8isiNJ ar Public Fundralslng Association. and th8 GuKlarKe on Charili88 arwj Fundr8i8iNJ 188u8d by th8 Charlty Commlsslon ('CC20'1 and the Ir83 (Protect and So¢i81 Inve8tm8nt) Art 2016 {Ih8 1. The Trust88s CnSIder that folhxirKJ a miew of IM CcJe requlrements they are c(xnplbant. Ch•rltabl• ktlvltl•• Charita8 actImt indude the th)n8tlon ol oquyt to Epscffi Gwal HOSWI. Hltytorlcalty ftoms wero loane¢Y lo the f•1, l)ut on 30 Aprll 2021 an 8greement was slgn•J by thlch all equlpm8nl loaned to Epsom Gèneral Hospital as al that date and all fuluro purchases of equipment are to be don8ted to Epgom General Hosplt81, 80 It1 the ch8rlty &Jes Th)t own any of Iho equiFxn8nt. Thls equipment 16 intended to relieve sickw arrtl tr) proiecl aTrJ pr88W4ffj the health of the general public by provlding or as31stirwJ h the prOvts crf facbHlle8 and eqU1Fnt 81 Epsom Ggn8r41 Hospital which would not otherA8e be kyovldad by the Local Heallh Authorlty and Ihereby enabl8 the ¢harfty to meet it5 obhecll¥es. oln9 the year Iho charty donated rnedlcal ffjulpn•nt totalling £35,882 (2021- £10,602> to Epsom Goneral Ho8pltal. FINANCIAL REVIEW Resemg Pollcy The Trustee$ arè concemed ¥Ath m8lntalnlrrfJ suffklenl le d reser8 to gnable the charliy to cary cArt its ch8r*abl• oty'ectNes. The net assets held at 30 June 2022 were £331.963 (2021- £359.316). The Trustees bell8ve Ihat the reserrfas suffKiont for the curmt wrposes and th98e ar8 revloW on 8 ragular b8SiS.
Page 5 EPSOM MEDICAL EQUIPMEKf FUND TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022 FINANCIAL REVIEW (conllnuodl: Trustees, Responslblllts Statement The Trustees are respowble f wepariry the TTUStees' Annual Report and the financial stslements of the charity in acccffdance Y•ith applicable law and UINt&l A(xxAntww Stsndards (Unitsd Klngdom Generalty Accepted Accwnlir¥3 PrxtsrAI. The law applkable to rhfirlllel In Er¥JlaTrJ and requkes the Tru3 to propar• fin8ndo1 Statements for each financial ye8r which give a true and fair ¥iew of the stat? of affalrs of the chadty and of the IncomlrwJ reswrces and appl1c81 crf resourc4s d the tharlty fry that Yr. In preparbrwd these finanual statements. Trustees gre required to: select sultable accountlng Fdlcles and thon appty them ¢SIsn, ob8eNe the methods arKI ryincitAes in tho Ch8rthes SORP 2019 {FRS 102): make judgements and estimates that are reasonaLqe and prudent. stste whether apFlicae UK aco)unllThJ slwth(Is have been 8ublect to any materlal departwes dlsdosed and expl8ln8(I In the flnanclal statements: prepare the Ylnanclal statements on a golng corKwn basis unless tt b inapwoprfate to prosume that the tharty wlll continue in I)porat. The TnrJt88S are reJKMMlbl8 keeplry kyoper accountry records that dl8c40se reasonable ac£ur8Cy at any tsm8 the financial position ol the charity and enable them to ensure that the finan¢i81 8tstements comtyy rylh the Charities Act 2011, and where relevanL th8 Ch8nti8s Act 2022, Ihe Charity (AccLwJnts and Report5) Regulations 21X)8. and the wovtiAons of Ihe Trust Oeed. They are also responslble frK egUardIng Ihe assets (rf the charlty and hee for taklng reasonable sleps for the pieventlon 8fKI d6ted1 of fraud and other hTegLlarllle6. The Truees are re8Fm)nsile for the maintenarta aThJ integnty ol the dwrlty and financlal Information induded on the ¢harlty'$ W•pb8ite. Legl8latkn In the uned Klngdom governlng the preparation and dissemination dfinantial 8latoments may dffter legislation In otherluri8dlction$. COVID -19 AND FimiRE PLANS The Covi&19 pandemic had previously tsken hold in the UK impacts'ng all UK charitles in a wldè rarvJlng manner. potentkqlly affe(ling thelr waraU1 capatsllty, Ilquidty and financAal posltlon. Dua to Co¥kk19 r8slrlciiS most 8v8nts. such as furaIserS arKI car booi sales In Ihe prky year and partly in thè Current year Y•we either cancell&J, or signfficanlly reduc•J, thich h8B led to a loss of consKler8ble rwJul8r incorne. Thè UK GcfiMmm8nt subwuently remov am restrictkms in February 2022. Thr¢xYJtr#xrt the pandem. the Trustees have consider8d the imklications and put in tAace contsnuity plans that have alloed the chanty to c(Krtinue in operalion during those difficult tlmes. As a resultth8 Tr nowfeel thattlw are in a strry FX)5rtK. wru) considwable reserves. to (xvrtlnue to deliver public benef The Trusteeswtll witinue the present strategy of rntsing funds thr to wr¢hage addltlonal medical equipment in the future to grft to Epsom Genwal Hospttal.
EPSOM MEDICAL EQUIPIAENT FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2022 COVID-19 AND FimiRE PLANS Iconllnd). During the year Trustee meetirwJs have c1rd as nomial, in ccffipliancé ¥ryth any Covid-19 restrictions in place at the time of rneetiro. Trustees had been in tOLKh by telep1ne and 8mail as and when needed. Face to face meetmws Vth the Tnth rgcomm8n(d from August 2021 vmh further meetings continuing on a regular basis sinc¢. AUDITOR8 A resolution wll proposed al the next Tntsteos mootkKJ that Rallnwn & Hunter AlIt LLP be r appdnted as Audiior to th8 charty for the gnsu¥wJ ywr. Appro¥*d by and 8wJned on thelr behall by Dr A M GT•3
P30 7 INDEPENDENT AUDtroR'S REPORT TO THE TRUSTEE8 OF epsom MEDICAL EIJUIPMENT FUND Opinlon W& have audlt8d financial statements of Eps(xn K•édScal Equlpment Fund (kne thariv) for Ihe year ended 30 Jun8 2022 vthlch compl8 the Statement of Finanual Acbviti8s. Balanc Sh88t and noles to the financial statements. IdIng a summary of significanl aCjntin9 policies. The finawal reporting framework that h8s been appl in their preparati( is applKatrAe law and Unlted lQngdom Aco)unlin9 Standards, IncludirvJ Flnandal RepcKts'ng Stsndard 102 The Finanu81 Rewbng Stsnd8rd applabla In the UK and Republic of Irdand IUnit8d Kin Generally Apted Accnting Pr8¢ticel. In our Opini the fknanclal stalemer)ts: give a trug and lair vSew of the state of the affairs as at 30 ju 2022. of Its Incoming resources and ap51¢alk)n of resources. IndudifWJ its and eX[wllUre for the year then ended,. have been properly Fwared in accordance TAIth Unlted Kir¥Jdom Generally Accepted Accounting Practlce,. and have been prepared In Ko)rdarKe 1th the reqr)en190ftho Chwttie8 Ad 2011 and rolevant. the Charltie8 Act 2022. 8a818 for oplnlon We conducted Iar audlt In aCdance Intematlon81 Stsndard8 on Audltlng (UK) IISAS (UK)) and applicable law. Our rasponsibiliti8s under those standards are fvrth8r describwj In the Auditor's responsibilities for the audit of the financial Statements seclion of our report. We arè independenl of the charty In aiLordanc8 vAth Ihe 8lhical requlreménts that are rel&vant to OW audlt of the flnancl81 statements In the UK, Including the Financial ReEing Council's Ethical Standard. and hav6 fijifilled our other ethlcal responslbllltles In accordance with these requlrements. We bdieve th81 Ihe 8udll evldence we have obl8in8d is 8ufvent and apprwiate to a ba8is frx opinion. C•nclu•lon• r•latlng to golng conc•m In audltlThJ the Ilnancl4 statsmentg. hav6 cOndled that the Tru8lees' u88 of the golTra concern basls of accounting in the tffeparation of fin491 Statennts rs apprryThte. Based on the work we have perfomied, v have nol Id6ntifi&J any material uncertainti relating to ev8nts or conditions that, indivldually lO(lIvelY. may cast sffjnificant doubt on the charitys ability lo contin as a going concem ts a perlcxj ofat leasttwlve m¢yth$ frc¥n Tthen the llnancla5 ststernenls are authorised for issue. Our responslbllMe8 and the re8pon81bllStt89 d the Tnmtees wlth re•pect to going concem are ¢Y•s(xd In Ihe relevant sections of this report.
Page 8 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EPSOM MEDICAL EQUIPMENT FUND (contInd> Olher infomiallon The Trust888 are respO81ble for the other infomwtion. The other infomwtion comwses the infomlalion included in the TnJstees' Annual ReFMYt and Fln8ndal St8tements, other thon the Fin8nclal Statements and our auditor's rep(1 thereon. Our opinion on th8 financial statements does not cover the other infomiatlon and. except to the extent 0111$e expllcluy stated In our Tewt, we do Th)t express any form of a$$urance rA)ncluOn thereon. In Connecti th ow audlt of the fiwKaal $tst8Thts. ow r8sponsiblllty Is to read the other infLallon ar¢d, in doing so, cons#Yer whethér the ¢Jther 1nf(Km81i is materially inconslst8nl with the financial $lalements or our krnwledge obtained in the cwrse of the aJIt or othen¥ise appears to malerlally misslaled. iden s[ material inconsi%lencies or apparent material misstatements. we are requlred lo detemlnè Ihls gives rw lo a materbgl mlsslal8m8nt In the flnanci81 stalamenls th8mselve$. If. basod on the bM)rk ha perfornied. ¥4P (?)ndje that ther81s a material misstat8m?nl of thiB Other informatlon, are requlre¢J to rep(xt that fa¢ We have nolhlThJ to report kn tlxs regwd. Matter• on whleh w• ar• r•qulr•d to r•wt by •xc•pUon We halt nothlng to rem In respect of the fc4kYn9 rnattern In relatkn to which the Charllles (Accounts and Report81 Regulatk¥)8 2008 rffjulre us kn report to you If. In our Onlon: the informatlon given in the flnan&d 81atements 18 InCrit In Y material rw wtth Ihe Trustees. report; or the charlty has not kept ad•]te acrjnIy rec4)Yds: ( the financial statements are not in agreement wlth the accounting records and relums: or we have not recelvod all the irt(xrnth WMI 8xplanatic requlre for our 8udSL R•8pon•lbllltl•• of TnMtM• As explained more ful in the Trustees. ReSS11ftieS Staternenl set oul on page 5. the Trustees are responslble for the pr8paratlon of financial stalernents and for beirvJ Satsrd that they give 8 true and fair view. and for such intwnal ccmtrol as the Trustees detennine is necessary lo enable th8 preparath of financkgl $tatemenl8 that are Ire8 from m81erid mi68tatement. due to fraud or error. In preparing the fnancial statements. the We respongible for asgessiThJ charty's abiltty to continuo as a going concem, di8dosirs, 88 applicable, rnatters reLgt•d to 90irg ccrtom and using I golng eonc8m b8s18 of accountkng unless the Truytées éither intend to liquidate th8 chadty or lo ¢gas8 operations. or have no reallslk allematlve bul to do xl.
Page 9 INDEPENDENT AUDrroR'S REPORT TO THE TRUSTEES OF EPSOM MEDICAL EQUIPMENT FUND (contlnuod Audlt¢s r••ponslbllltl• for tho audlt of th• fkn•nclal stal•m•nts We have been appointed as aLMJltor under sectkn 145 Charities Act 2011 and r8port In accordanc• with regulatlons made under secllon 154 Ihal Act. Our obl8Ctives arè to obtaln reesonable assiKance abwt the financi81 stat8mgnts a8 a whole are fr88 from malerlal mlsslatement. wtthdue tofraud or error. and to ISSU8 an audllor's reFth Ihat in(audes our oplnlon. Reasonable assuranc8 is a hYJh knl of assuranc¢. bul is not a guarantge that an audlt conduct8d in 8cc¢xdan wtlh ISAS {UKI will 8Trw8y8 detecl a material misstat8rnenl when It exlsls. Mlsstst8ments Can arise from fraud c error are rA)nsidered material If, indivithmlly or in the aggregate, they eould masonably bo expectod to influence the ac(XK¥n decisn8 usèr5 taken on the basls of th88e fln8ndal statements. Irregularftles, Indudino fraud. are inst8ncos of lane 1th law8 and regulatlon8. We d88Sgn procedures In line th our r irregularilies, Wmsuding fraud. SIlItIeS. (yJtl!n8d aLKive. to dètect materlal mlsstalements In respect of e extent to thich prLKedurB5 are cap8b18 of detectlng Irregularitles. Indudlng fraLKI. is d8lai18d bdow. Our assessment of the 8U8ceptbilty of the chariws fina#81 Statnlts to materlal mlsst8tem8nl. Ineludlng how fraud mlghl ocojr. 18 to be lty. Thls ccThJuslcm was reactd after the 0nsid8rat1 of the ftAlowng". duo to tho relallvely slmple busln868 m(xlg1 and knv volwne of trarkn8 ¥•thin the charfty thora are comparatN8ly few unexpected fluctuations n the r8POrtgd resLlls aThJ b8lanc88 arKI any 8uch xF¢c1ed items would be spedfically enqulred Into by us: arKI there ara a number of In(vidual$ and Trustees that (x)mwls8"managem8nf and thereforn thorn 18 single indivmlual is Ilkdy to be able to override contro15 to efft a fraud. W& designed our audlt FKwlures to respo1 to Identif audit risks, indlIng non<omplianc8 With laws and regulatlons (irr procgduro8 pe ularltles) thal are matwkl to Ihe fknanci81 stslements. Son of tho specific to d6te(a irregularRley. IrUdIrd fraFxl, we detaled below. the review of contrcj a(Unts 4j Iwmal ontrios for Lqrgo. or unauthorlaéd entrie8' the analytical r8Mew of the statement of financaal actsvili8s for Wdrlan¢os that are either unexp•cted or considered not to be in accordance ith our understsThJiro d the charity dur1 the year.. obtaining and rwewing for completsn05s a lisl ofentthes and persons Corered to be related parties 188 defined by Financial Reporti unreported related paty transa Standwd 1021 arNY revieryng the lethJer5 ofthe ctharity ft)r prevlousby ons: the revi8w of transadions and for ary rrwjlX)n of fraud or m8nagement (yMrKkn: and the revlew of Trustees meelirvj minutes to Jentify unfecded tranSacOn8. B8cause of th8 Irtent limltatkns of an audlt. thore 18 8 rfBk will rKrt d8tect all ¥regularitlos, IrjUdIng th088 leading to a materlal mIsst8ml In the Ilnandal statem8nts or n(¥eA)mplIanCe vhlh regulati. Thls risk incrnases the that ryInce ¥th a law or rngulation is removwj from the events arKI transactkxB ffleCted in the flnancial ststements. 89 we wryll be [elY to be¢rme awgro of instsnces of norCOMlan(. The risk is *80 greater regardry irregulwrbes occurring due to fraud rather than error, as fraud in%l¥e$ ffttentional concea1nL gery. c4)llus, omissiixi or rniSreFXeltat4On. A further description of our responsilm'litaes ftx the audit of financial stslemenls is IcKated on the Finanaal ReFKKllng Cwncll's website al: wrtw.frc.cry.uklatOrThpon8lbIjItI0$. This description frn$ part of our audiiorfs repcrt
P8ge 10 INDEPENDEpif AUDITOR'S REPORT TO THE TRUSTEES OF EPSOM MEDICAL EQUIPIIENT FUND (conllnuod Use of our ropon This rept vs mode sdely to the chariV8 Twstees. as 8 body. in acccdance vlth Part 4 of th8 Char6tr8S (Accounts and RgpJrt8) Regulatw)ns 2008. Our audrl has been und8rtak8n so that we Mjht slate to the Charity's Trustees those matters are requirnd to state to them In an audllor's report and for no other purp088. To the fullest exlent pemitted by law. (k) rKJt accept or assume responsibility to anyone olh&r than the charity arKI the charlty's Trustee8 88 8 LYty. fcy Kvk. this rekyrft, or lor Ihe wnlons we have f(xmed. Rawllnson & Huntgr dI¢ LLP Statutory Auditor Chartéred Accjntants Eighth Fb)r 6 New Street Squar8 New Fellèr Lane London EC4A 3AQ Date: Rawl8( & HunlerAL* LLPl8 lo acl as aft •1111 Im ofsKIkn 1212 oflhe Compani•8 A¢1 2C¥)6.
Page 11 EPSOM MEDICAL EQUIPMEKf FUND STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE) FOR ThE YEAR ENDED 30 JUNE 2022 UNRESTRICTED FUNDS Income Fund Not• 2022 2021 Income: Donation and legacl•8 Charitable activiti88 Investments Grft aid 29.210 10.101 550 58,257 3.014 1,822 626 Total Incom• 41.7 63,519 Exwndltur• on: Raising funds CharItab advltles 3.672 65,425 51,836 Total •xpondltur• 69,097 53.71)) Net (•xpendltur•ylnc {27,3531 9,819 Reconclllatlon of funds Total funds brought forwanl at 1 July 2021 Total fundi carried forward at 30 June 2022 359,316 349,497 £331.963 £359.316 The Statement of Flnanc481 Actlvllles inclth all gair and b8se8 recognised dufh¥ th888 years. All income and expendibjre derive ClInr0 aLvrfkns. Foges 13 to 18 frm m theSe fir*rnial 8talemonts
Page 12 EP80M MEDICAL eouipMENT FUND BALANCE SHEET AT 30 JUNE 2022 2022 2021 Flx•d Au•ts Tanglble fixed assets Currgnl A•••ts Cash al bank and hgnd 335.950 361.587 Credltor• . Amoun1• falllng dug wtthln on• y••r 335,950 361,587 (3.987) (2,251) N•t eurr•nt *•••t• 331.9e3 359,310 TOTAL ASSEf8 LES8 CURREiir LIABILITIES 331.963 359.316 NET ASSETS £331,963 359.316 CHARITY FUNDS Unro8trlct•d Fundg 331.963 359.318 £331,963 £359.316 The flnanclal •tatqm•nts w•r• approbyd and authorf•ed lor IMu• by lh• Trustees on and slgned on thelr b•half by Dr A M Gr•gory. Tha Th)tes cm pages 13 to 18 fLYm port Lrfthwe financial statements
P•)è 13 EPSOM MEDICAL EQUIPMENT FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 ACCOUNTING POUCIES G•noral Infomiatlon and b••ls of pr•pwatlon Epsom Medical Equipment Fur#l (Ihe tharilf ), rwJi8tered charlty number 1CrfM977. is based and administered in the United Kingdom. The registered address Is 32 TealiThJ tknve, E1, Surrpy, KT19 OJS. Tho nature of th8 dwiwg OPgralion8 aThJ Pnn(ap acll¥ikn are set oul in the Trust888' nual Rewt. The financlal stalements have been EY8p•j in Acyrnl8nc8 wilh Aewunng and Reportlng by Ch8rlUes. Statement of Recommended Practsce apF4uble to chariUe$ preparing their accounts In accordan with the Financial ReportiThJ Standard aFplicable in the UK arKI Republlc of Ireland issued in October 2019, the Financial Repn9 Stsndard appluble In the Unf(ed Kingdom arKI Republlc of IrelarKI (FRS 102), Charits'es Ad 2011 and lwe rd8vant, the Charitth Act 2022. and UK Gen8rn1ty Accept¢d Acrxyjnttng Praciice. The charlty constitLrt88 a fmjblr bwfft onuty as derr1 by FRS 102. Tl fln8nci81 statéments are rY8p8red on a going coneorn basis undortho hl$torbGal cost convenllon. The financoal statements are yèsent8d in sterling which is the functM)nal curr8ncy of th8 charlty. nlflG8nt accounllTrJ FKth applknl n the pr8parakn of fmarthl statements are $81 . Those Ok4e8 ha been w1818tenty appld to ¥ll years presented unless other1•$& out st&d. Golng ¢onc•rn Thè Cow&19 pandemic cr8aiod Some oFwatkThl and finarthl prewes on th8 charfty duriTrJ part of the year. HoVer, folknsryrw the removal of 811 restridThs by the UK Government in February 2022, the charity was ae to resume actfvities as nomal. Ha%irYJ consldered leVelS offund$ hekl and the level of Income and experKltture. together the level of reser¥es of the charlty, the Tnsstèès eonsidef tho adoptlon of Ihe baskn In wep8ty trse fin8ndal ststements l¥ approprbte. Flnanclal In•trum• The charlty onty has financial assets and financial liabillties a kind that qualty as basic finarrial instruments. Basic financial Instruments are recA)gnised at transa(Aion valuo. excèpt vtharo 8ettlem8nt is ddayed. In thlch case tho transaction is rewJnised at the present valu8 of the setllèment am01. Tanglbl• fixod a*••ts and d•y•¢latlon Tanoible fixed as8•t# statad at cost les8 acaxrndated 08preoation is rKovid8d on all tar118 fix•J assets. at rates calculated to lIe crff the c051 less estimated residual value. of 8ath asset on a seMatiC basis over its expethd useful lrfe as follows: Mlcl equirAnent over 5 T8
Ptye 14 EPSOM MEDICAL EQUIPMENT FUND MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 ACCOUNTING POLICIES (eonllniwd) In¢omlng ruources All inwning resrceS we r£cognis•J <xKe thè charity has enlitlementto the reS(r¢88, if it is certain that the resources Yéill be received and ts monetsry value of the inL¥ming resources can be measured rfth suffldw)t rellabllty. Donatod professlonal sw¥[( are rwnBed at their fair valuo whgn thglr econ¢)mlc b8nefil is probable, it can m8asur8d relia and the Gharity has cthrol over the item. Falr value Is deternilned on the basis of the value of the gift to th8 charlty. A LXYTe8pondlrKJ amount 18 r8¢ognlsod in expendilure. Ruour¢M •xwnd•d Exp8ndltur9 Is Indude(l on an acuuaFs b8sls and Is recognlsed th there is a l•gal or con8tructlv8 obll9atlon lo pay for expondllure. ChaTltable 8cllvlttes expenditure comkykns the donation of equiFKn8nl by tho drity to Epsom Gener81 Hosytsi. Governan are iThJuded 1th1n chartlable activit. T0 costs rè18ta to the goneral runnlrKJ of the tharlty. Sjch costs rAn incfwle extem81 alit. 81 adwce c08ts D•btorn and ¢r•dllor• r•¢•lvabl• I PbI• wfthln on• ymr Debtors and uedll¢xs lth no Stated Intot rale and rec4vable or payabkn rythin one y88r are recorded at wke. Any ios8es ar from Impalmient are recognised as expendlture. C••h and caBh •qulval•nts C88h is reFwnted ty ca8h In hand and deWIth fi181 irtstlluth repayable without penalty on rK)tk8 of not mom than 24 IKMn. C8$h tyurvalents are hHJhly liquld Investments that mature In no more than three months from the date ol acqulsith)n and lh are rgadlly c¢)nvertible to known amcmjnts crf cash ryth insignrfi(xnt rlsk of charge in value. Irr8covorabl• VAT Irreco¥prabl8 VAT is th8rwl again8t the cattycyy of res(Arn eynded for which tt was incurred. Voluntary h•lp The charity beneffts from rnany voluntary IKxJrs and und•imed ¢xrt4)f.kxtht expenses. No amount Is included in these flnanoal statements lor voluntary hwrs and urK4aimed expenses. Without the effort aThJ de¥otkni of the vdunteers Ihe (*• Thvjkl not be able lo carry (Krt successful furtd raising events.
Page 15 EPSOIA PAEDICAL EQiAPMENT FUND NOTES TO THE HNANCIAL STATEMEpirs FOR THE YEAR ENDED 30 JUNE 2022 ACCOUNTING PQUCIES (continu•d) 81aius of lurNI• All funds are held on an unrestrictod ba8ls. The Tnthes ha compldo discrellon for thelr use in pursuance d the charivs th'ertivos. Judgem•nt• and k•y aourcu ol utlintod urtaInty In pyepgrfng these finanaal ststwnents. the Trusteas have to make IeMen1S on how to apdy thè chanty s accounting poIleS and make 8stsmal8s about the fulura. Th6 Trustees b8lleve that there 8re no cdtical judgements In athvlThJ at the amtyJnt$ rwnlsed In the financial sLements and there are no key areas of eslimatk)n Urertainty that have a sur¥ficgnt riBk of causing a rnat8rlal adiustm8nt to Ihe ¢4rrylng Val of assets and Ilabilihes in the yaar. 2022 2021 INCOME FROhl DONATIONS AND LEGACIES Donations and donated 8thqc•8 £ 29,210 £ 58,257 Donaon8 IrUde servlces Sn kind of £18.1 (Noto 5) from R8wllnson & Hunter Audlt LLP & Rawllnson Hunter LLP offers their audit 8fKI ar£ountir#J serviS for a nominal fee L* £9CM). INCOME FROM CHARITABLE ACTMTIES Raffle Sales and events 3.670 6.431 285 2.729 £ 10.101 £ 3.014 INVESThIENrJ Bank Interesl ro¢elvablo £ 550 1,622
Page 16
EPSOM MEDICAL EQUIPMENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
5. CHARITABLE ACTIVITIES
----- Start of picture text -----
||||
|---|---|---|
|2022|2021|
|£|£|
|Fund coordinator’s salary (Note 6)|10,113|8,048|
|Postage and stationery|290|54|
|Telephone|185|197|
|Audit (refer below)|4,680|4,680|
|Accountancy (refer below)|12,220|12,220|
|Sundry|1,555|88|
|Insurance|354|354|
|Computer expenses|146|380|
|Donation of equipment (Note 7)|35,882|10,602|
|Depreciation of fixed assets loaned to Epsom General Hospital|-|15,213|
|||
|£ 65,425|£ 51,836|
|||
----- End of picture text -----
Included within Audit above are donated services provided to the charity of £4,500 (2021 - £4,500) and within Accountancy above are donated services provided to the charity of £11,500 (2021 - £11,500) . The related income is included within donations (Note 2).
6. EMPLOYEES AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES
Number of employees
The average number of employees (not including the Trustees) for the year was 1 ( 2021 - 1 ).
----- Start of picture text -----
||||
|---|---|---|
|Employment costs|2022|2021|
|£|£|
|Wages and salary|9,774|7,867|
|Social security costs|339|181|
|||
|£10,113|£ 8,048|
|||
----- End of picture text -----
The Trustees did not receive any remuneration during the year ( 2021 - £Nil ), nor were reimbursed any expenses incurred on behalf of the Charity ( 2021 - £Nil ).
The charity’s sole employee and the Trustees comprises Key Management Personnel whose remuneration and expenses for the year were £10,113 (2021 - £8,048).
Page 17
EPSOM MEDICAL EQUIPMENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | Medical | |
| equipment | |||
| £ | |||
| Cost | |||
| At 1 July 2021 | - | ||
| Additions | 35,882 | ||
| Donated (Note 5) | (35,882) | ||
| | |||
| At 30 June 2022 | - | ||
| | |||
| Depreciation | |||
| At 1 July 2021 | - | ||
| Charge for the year | - | ||
| | |||
| At 30 June 2022 | - | ||
| | |||
| Net book value | |||
| At 30 June 2022 | £ - | ||
| | |||
| At 30 June 2021 | £ - | ||
| | |||
| 8. | CREDITORS - amounts falling due within one year | 2022 | 2021 |
| £ | £ | ||
| Other creditors | 3,447 | 1,711 | |
| Accruals | 540 | 540 | |
| | | ||
| £ 3,987 | £ 2,251 | ||
| | |
9 . RELATED PARTY TRANSACTIONS
There were no related party transactions that occurred during the year that require disclosure.
10 . ULTIMATE CONTROLLING PARTY
The ultimate controlling party are the Trustees.
Page 18 EPSOM MEDICAL EQUIPMENT FUND NOTES TO THE FINANCIAL STATEMEPfft8 FOR THE YEAR ENDED 30 JUNE 2022 11. FINANCIAL INSTRUMEPnS The Crying amcwits of th8 dwitis financial hthmonts are as follN8: 2022 2021 Flnanclal a&sets Mga8ured at fair vakn Ihrwgh SOFA. • Cash at bank and in hand 361,567 Fln8ncW 1iatslitS Measured al amorttzed o)st: • Cr8ditors & awu*s due Yatr4n (Th year 3.987 2,251