IH&Is￿OF SCJLLY_MEDJCALQENTRETRUSI FQRtHE YEABEND￿￿APRIL2D24 THLISLE&OESCILLY MEDJCALCE141BEIRUSI FINANGJA￿QQQuTrITS FQB THEXEAKENQW&TH APBIL2024 QQNTENTS Information Page 1 Independent Examiners Report Balance Sheet Page 2 Page 3 Income & Expenditure Notes to the Balance Sheet Page 4 Page5&6 TklEISLE&QESCILLYMEUIGALCENTREIRUST EINANQIALAQQQUNIS EORIHLYEAB EPIQEDBTHAPRIL 2Q24 INFDRMADQN Trustees Mr Timothy Guthrie Mr Matthew Barnaby A S Rogers Mrs Anna Browne Mr Nichola8 Jenkins Mr Joel Williams Charity No. 1033080 Bankers Lloyds Bank Plc Penzance TR18 2TN Accountants R K Keeley FMAAT A C8rriacou Pilots Retreat St Mary'8 TR21 OPB Page 1 CHARITY COMMISSION , Indepondent examlner's report on the FOR ENGLAND AND WALES | accounts Section A Independent Examiner's Report R•port to th• tru8tse8 The Isles of Scllly Medlcal Centre Trust 5 Aprll 2024 On accounts for the y•ar •ndod Charlty no (If any) 1033080 8•t out on pago8 I report to the tru8t808 on my examlnatlon of the accounts of the above harfty ('the Tru8t"} for tha yoar endad 0510412024 As the charfty8 trustees, you are respon81ble for the preparatlon of thé accounts In accordance wlth the requlrements of the Ch8rltle8 Act 2011 (Iha Acr). I report In r88P8Ct of my examlnatlon of th8 Trust'8 accounts carrfed out under sectlon 145 of the 2011 Act and In carylng out my examlnatlon, I hav8 followed all the appllcable Dlrectlon8 glven by th8 Charlty Comm1881on under Sectlon 14S(5)(b) of th8 Act. Ind•pendont tfhe charlty's gr088 Income 8xc8eded £250,000 and l am quaiined to oxamlnerfs statsm•nt undertake the examinatlon by belng a qualm6d member of [Insert narne of 8ppllcable118ted body]]. Delotg [ ] rf not 8pplicabla. I hav8 completed my exam5natlon. I conflm that no materfal matter8 have come to my attentlon In conn8Ctlon wlth the examlnatlon (other than that dlsclosed below ') whlch glv88 me cause to b811eve that In, any materlal r8spocL' the accoundng racords W8r8 not k8pt In aCco￿lanca ￿th 88Ctlon 130 of the Charities Act: or the accounts dld not accord with the accountlng r8cord8; or the accounts dld not comply wlth the appllcable requirements concemlng th6 fom and content of accounts set out In the Charltle8 (Accounts and R8POrts) Regulatlons 2008 other than any requlrement that the accounts glve a 'true and falrf vlew whlch15 not a matter consldered a8 part of an Independent examlnatlon. I have no ¢onc6ms and have corn8 across no other matter8 In conneGtlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a propar understanding of the accounts to be reached. ' Ple888 delete the W￿d8 In the Ix8Gkets Ir they do not apply. 24 November 2025 Ro8pon•lbllltl•B and bos18 of roport Slgnad: Namo: Duncan Akers Relovant profo88lonal quallflcatlon(s) or body FCA Oct 2018 IER {If any): Addr888: C08mopolltan House Old Fore Str8et, Sldmouth Devon, EX10 8LS Section B Disclosijre Only c£)mpl8t6 if th& 6xaminer needs to highlight material matters of concem {see CC32, Independent examlnatlon of charlty acGount8: dlr8ction8 and guldance for oxamlner8). Glvo here brlef d•ta118 of any it•ms that the •xamlnor wi8ho8 to d18cIOSO, IER Oct 2018 TEIEISLESDF SCILLXMEDICALCENTRETRUST INDEPENDENIExaMINEB&BEP.QRT EQKTHE.YEAKENDED 5THAPRIL2024 THE ISLES OF SCILLY MEDICAL CENTRE TRUST BALANCE SHEET AS AT 5 APRIL2024 2024 2023 FIXED ASSETS Tangible Assets 426,745 440,080 CURRENT ASSETS 2.805 Pr8P8yments Balance At Bank 2,969 311,363 314.332 268,375 271.180 741,077 711,280 TOTAL CURRENT ASSETS Cr8dltors: Amountsfalling due withln in year TOTAL ASSETS LESS CURRENT LIABILITIES 25.868 18.536 £715,209 2892,724 FUNDS OF THE CHAIRTY Unrestrlcted Funds At 6th April 2023 Exces8 of Income over Expenriture 692,724 666,167 22,485 26,557 TOTAL UNRESTRICTED FUNDS £715,209 £692.724 The financial statements have been approved by the members of the committee and signed on their behalf T Guthrle Date Page 3 THE ISLES OF SCILLY MEDICAL CENTRETRU5T INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5TH APRIL 2024 2024 2023 INCOME- UNRESTRTICTED Incom8 from Rentals- Medical Centre 48,497 56,000 EXPENDITURE Insurance 3,885 3,401 Repalrs & Maintenance Legal F8es 4,092 6,587 2,420 75 Honorarium 4,225 3,300 400 Accountants Fe88 Depreciation of Leasehold Property 400 13.335 26,012 13,335 29,443 Exce88 of Incom• over Exp•ndltur• £22,485 £28,567 Page 4 THE ISLES OF SCILLY MEDICAL CENTRE TRUST NOTESTOTHE BALANCE SHEET AS AT 5TH APRIL2024 Note 1: ACCOUNTING POLICIES BASIS OF ACCOUNTING In preparlngthe accounts the followlng accounting pollcies have been complled with:_ al The accounts (flnanclal statements) have b86n prepared underthe historical Cost convention wlth items recognised at cost or transaction value unless otherwlse stated In the relevant notels) to these accounts. The financial statements have been prepared in accordance wlth the Statement of R8commended Practice: Accountingand Reportlng by Charltles prep8ringtheSr accounts in 8ccord8nce wlth the Financial Reportingstandard appllcable In the UK and Republlc of Ireland {FRS 1021 issued on 16th July 2014 and the Flnancial Reportlng St8nd8rd 8ppIIc8ble In the United Kingdom and Republlc of Ireland (FRS 102) and the Charitles Act 2011. b} Investment Income is recorded when receivable. c) Other expenditure is included in the accounts on an accruals basi8. Irracoverable VAT is charged to the SOFA as incurred d) DEPRECIATION OF FIXED ASSErs Depreciation h8s been provided in the accountsto wrlte off the Leasehold PfOP8rty on the 8traight Ilne basls over a period of 50years. GOINGCONCERN The trustees are confldent that the charitywIII continue to operate In the foreseeable future. RESERVES POLICY The charity aims to hold reserves equalto thrae monthsworking c8pltal requirement. Page 5 THE ISLES OF SCILLY MEDICALCENTRE TRUST NOTESTOTHE ACCOUNTSAS AT 5TH APRIL 2024 Note 2: LEASEHOLD PROPERTY 2024 2023 Leasehold PropertyAt Cost 6th April £666,775 £666,775 Accumulated Depreciation Balance At 6th April Depreciation - Provision for the year 226.695 213,360 13.335 13,335 Balance At 5th April £240,030 £226,695 Net BookV8lue Brought Forward £440,080 £466,750 Carrled Forward £428,745 £440,080 Note 3: TAXATION The Trust is a reglstered charity and accordlngly Is exempt from taxatlon on its Income and galnswhere they are applied for ch8rStable purp0888 Note 4: PREPAYEMNTS 2024 2023 Insurance Prep8icI £2,969 £2.805 Noto 5: CREDITORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 2024 2023 Other Creditors 13,698 13,869 Rent Received in advance 12,170 4,667 £25,868 £18,536 Page 6 THE ISLES OF SCILLY MEDICAL CENTRETRUST NOTES TO THE ACCOUNTS AS AT 5TH APRIL 2024 1 Prepayments 2,969.09 Insurance 2 Balanco at Bank 311,363.09 25,866.27 3 Cr8dltor8 Value Added Tax Accountancy Refund of Rent re new lease Rent In Advance 12,547.08 1,150.00 7,502.52 4,666.87 4 Leagehold Property 686,775.00 5 D•preclatlon 240,030.00