2022-04-05-accounts - The Nuffield Orthopaedic Centre Charity

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TRUSTEES' REPORT	TRUSTEES' REPORT	TRUSTEES' REPORT
The Trnstccs present their Report, together with			the Amounts, for the year ended 5		April 2022.
The Trustees confirm that the Accoums mmp)y			with current statutory requirements,		and requirements	ofthe Charity's	governing
document.
~Llk. Ad		i 'sl s
Registered	Charity No:		1006509
Principal Ofhce Address			Nutfield Orth opaedie hiufficld Ortho paedic	Centre Centre,	Appeal,
			Hesdington,
			Oxford.
			OX3 7HE
Patron			Her Royal Higlmess, The Duchms ofCornwall
President			Rt.Hon. Lord Tebbit	CH
Tmstccs and		Principai Ofticcrs:	C.Johnstone (Chairman) E D.J.Thomas (Deputy-Chairman)
			Mrs J.Pranklin MBE(Appeals Director)
			R.N. Edwards (Hon.	Treasurer)
			P S.Candy
			Prof A. J.Carr
			C.R.Dick
			Dr. R.J.Adsctts
			Prof. 3 Ress Ex-Officio —Director cfthe ftattmr Research Cenrre
			Prof. R.G. G.Russell
			l.K.Treacy
			Mrs. S.Woofiacott
			National Westminster	Bank	pic.,
			12I High Street,
			Oxford.
			OXl 4DD
			Barclays Bank pic..
			Oxford City,
			P.O.Box333
			Oxford
Acconntarssr			Wilkins %Co.,
			Aceounnmts,
			25A Market Square,
			Bioester,
			Oxon.
			OX26 6AD
A ed )aors r			Edwin Smith,
			Chartered Accountants,
			32Queens Road,
			Reading,
			Berks.
			RGl 4AU

STATE	MEbTOl FINANCIAL ACT	IVITIES f	or the ea	r en	ded 5e A	PRIL	2022.
					11nrestric	ted	Restricted	2022	2021
			Nates		Fund		Fund	Total	Total
Income	from:
	Dnnations and Legacies In vs atm enls						350,468 115	350.468 115	371.405 11,016
	3otal Income						350383	350.583	382,421
~Fdh
	Raising Funds Costs afOenersnng Charitable Asti vitias	Voluntary	Iocome	3a 3b			2,995 2396,096	2,995 '2,896,096	654 5297,359
	Other			3c			16,456	16,456	20,841
	Iota! Furpenditure						2,9I5,547	2,915,547	5~I8,854
Net Movement in Funds							(2,564,964)	(2,564,964)	(4,936,433)
Total funds b hr forward					350		2,904,018	'2,904,368	7.840,801
Totai funds carried forward					350		339,054	339,404	2,904368

				Unrcstcic lcd	Unrcstcic lcd	2022	2D21
				Fumi		Tcnal	Total
Fixed	~A Tangible Assets				25,837	25,837	27,034
Cucrete Assets Debtors					1,985	1,985	77,917
	Cadt at Bank			350	368,929	369,279	2,934,645
Total	Current Assets			350	37D,914	371,264	3,012,562
Liabilities
	Creditors falling dne within one year 5				(57.697)	(57,697)	(135,228)
Yet Current Assets				350	313,217	313p67	2,877,334
Total	Net Assets			350	339,054	339,404	2,904,368
~rd	fU Cc	7	f	350	339.054	339.404	2,904,368
Approved by lhe Board ofTrustees on .					......, and signed on its behalf by:
					... MR C. JOITNSTO14E —TRUSTEE

(.ash (jttws from rgeraljpltdtstivities:
stet cash provided by operating acdv	ilies			(2,565,481)		(4,947,935)
Cash flows from investine activities. lntcrest from Iovestmcnts				115		11,016
h				115	8	I I 016
Change in cash and cash equivalents in the year C~h and equivalents at the beginning ofthe year				(2,565,366) 2,934.645		(4,936,919) 7.87I,564
				369,279		2,934,645
Reconciliation ofnet into ex	dilure	to	h flow from o aretine activitje
				2022		2021
Wet incometex iture for theve~cg				(2,564,964)		(4,936,433)
Adjusonents for: Deprcotruicn charges Interact frotn investmcnls (Increase)l~ in debtors Incrcasej(decrease) in creditom				1,197 (115) 75,932 (77,531)		1,331 (11,016) (69,870) 68,053
Rat cash royidad from	activities			(2,565,481)		(4,947,935)
Anal sisofcashand e uivalents
				2022		2021
Cash in hand				369,279		2,934,645
Total				369,279		2,934,645

Tangible Assets for usc b the Ch~ty	Tangible Assets for usc b the Ch~ty				Freehold Gamge	0tfice Equipment
Ciross Book Value At 6o April, 2021				45,937	32,928	13,0D9
Additions at Cost
At 5r" April, 2022				45,937	32928	13D09
At 6» April, 2021 Charge for the year				18,903 1,197	8,584 659	ID,319 538
At 5" April. 2022					9.243	10.857
5~vkr i As al 5e April, 2022 As at 5n April, 2021				25,837 27.034	233185 24344	2,152 2,690
3. F.xpenditurc			Unrestricted Funds			2022 Total	2021 Total
a) Co ofCien atiua Voluutarv		Inco					654
- Promotions Ik	Publicity
b) Charitable Activities The Nufticld Orthopaedic Sundry Grants	and Bomar Resetuch Centres			2,772,089 21,449	2,772,D89 21,449		5,200,000
~Su rt Costs -StaffCosts —net offurlough~ rcmdvcd —Social Security Costs —Staffpension - Gulf - Office Expenses —Bank dt Credit Card Charges - Insurance -Professional Feet - Depreciation -Sundries				85,518 6,638 664 (200) 5,154 985 2,388 112 1,197 102		85,518 6,638 664 (200) 5,154 985 7,388 112 1,197 102	81,957 6,541 734 3,524 861 2,346 30 1,331 35
				2,896,D96	2,896,D96		5,297,359
c) Ot -Gov ance Co —Audit Fee —Atcnunumcy	Services			5,850 10,606		5,850 10,606	5,846 14,995
				16,456		16,456	20,841
4. Dnbtors Gih Aid Rvxxtvcries Accrued Bank lmcrest Cnher Debtors						2022 6 3 1,982	2021 75,696 r» 19 2,202
						1,985	6 77,917

NOTES TO THE ACCO MES for they		ended Se APRI1.2 2 (:anti	ended Se APRI1.2 2 (:anti	ended Se APRI1.2 2 (:anti	ended Se APRI1.2 2 (:anti	ed		2022		2021
L.~&i:A F ~ 0 ui Bank OverdraR Social Security th Other Taxes Accruals Other CYcditers Grants I.nan								I,ID3 24,076 38 32,480		2,450 2,410 23,461 82 36,825 70,000
								57,697	f	135,228
6. A AG Cullr
ln accordance with polrcy note 1(h) and nnt committed, tn be paid in thc future,		I (n), convected grants/giga are shown in the Accounts as			are accounted for at the inception ofthe and when paid.				grant.	Known	m
There are commitmcnls made by thc	Trustees toprovide the following grams in the Cnnunitments						future:	Paid	Carried
				at 05/04/21 Pmvided				in the year	Forward
Other various smaller gmnts —all due		within one year f. 36,825 f					1,000	(5,345)		32,480
Botnar Research Centre (Bntnar 3)				f 2323,799 598,290				f(2,772,089)		150,00D
—Due within one year										150,000
7. Analysis ofhget Assets between F	ds	A
						Nct Current
		Tangible Assets		in vestments		Assets/ (Liabilities)		2022 Total		2021 Total
Rcsvtcted Fund (A) I)nrcstnctcd Funds			25,837			313,217 350		339.054 350		2,904,018 350
			25,837			313367		339,404		2,904,368
Fund Ivtnverncnts —Restricted I'und		(A)		Fund Balances Brought forward		Incoming Resources	Net Outgoing Resources Fund Balancm Carried Forward
Nugield Orthopaedic Centre Appeal —General Fund Guudrenow Kncc Research fcnnwshin				2,824,018 80.000		350,583	2,915,547		259,054 80,DDD
				2,904,Din		350~83	2,915,547		339,054

Fm~tovees
	2022	202)
Average number of employees:
Clerical —Full Time	l
Pan Time
One employee's earnings were above E60,000 per annum	as shown below.

Detailed income and FA	nditureAc	co t for the ear e	nded 5A ril 2	022 C ntinued
				2022		2021
E — uffield Ort	ic Centre A	I
ittcorue Grants k Donations Legacies tk Bequests Bank interest- Reccivcd				252.740 97.D08 111		369,19D 1,495 I I,DD1
Charitable Acfivilies —Golf
Garage Rent
				350,579		38'2,406
~Ex enditurc Grants Salat)i costs			2.793,538 92,820		5,200.000 89.232
Chartuthte Acdvities -	Golf		(200)
Oflice Expenses Advenising hmurance			5,154 2,995 2,388		3,524 654 2,346
Bank gc Credit Card Charges Accountancy Servi cas Audit Fee Professional Fees			985 10,606 5,850 112		861 14,995 5,846 30
Depreciation Sundries			1,197 102	2.915,547	1,331 35	5318,854
~5i f				6 (2,564,968)		(4,936.448)
F - Other Desi noted	Restricted	rants (paid In year)
Rase err.h Centre Dolphin Mobility	—Phase 4 Fool			2,772.089 21,449		5,200.0DD
				2,793,538		5,200,000

G~Di MV	dG		2027	2021
Limb Reconsuuetion	Unit		10,810	II,'160
Sports Injury Service Research Insdtute 0scarc Oxparc Children's Ward (Rehab) Iviaz			5,000 3,462 5,271 1.680 1,621 3,491	5,000 3,462 8,912 1,680 2,120 3.391
Bone infection linit			1,000	1.000
FootA Ankle Fund			145	IIXI
		E	32,480	36,825