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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe company,|its Trustees and advisers||
|Trustees'
report||||2-5|
|Trustees'
responsibilities
statement|||||
|Independent
auditors'|report|on the financial statements||7- 10|
|Statement offinancial|activities||||
|Balance sheet||||12|
|Statement ofcash flows||||13|
|Notes to the financial|statements|||14-26|
|Trustees|||Mr BRGwynn|(resigned|(resigned|16October 2023)|
|---|---|---|---|---|---|---|
||||Mrs SJPreston||||
||||Mr JC Lotz||||
||||Mr D Durrans||||
||||Dr MG Poulson||||
||||DR W Carroll (appointed|||14November 2022)|
||||Dr BJose (appointed||26|June 2023)|
||||Dr A Kennedy|(appointed||26June 2023)|
|Company|registered||||||
|number|||02891836||||
|Charity registered|||||||
|number|||1037738||||
|Registered||office|Royal Stoke University||Hospital||
||||Newcastle
Road||||
||||Stoke on Trent||||
||||ST4 6QG||||
|Company|secretary||Mr JC Lolz||||
|Independent||auditors|Dains Audit Limited||||
||||Suite 2, Albion|House|||
||||2 Etruria Office|Village|||
||||Forge Lane||||
||||Etruria||||
||||Stoke on Trent||||
||||ST1 5RQ||||
|Bankers|||HSBC Bank pic||||
||||8 Market Square||||
||||Stafford||||
||||ST162JP||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2023|2023f|2023
E|2022
E|
|income from:|||||||
|Charitable
activities||3|94,911|336,375|431,286|142,739|
|Total income|||94,911|336,375|431,286|142,739|
|Expenditure
on:|||||||
|Charitable
activities||4|100,966|83,823|184,789|147,262|
|Total expenditure|||100,966|83,823|184,789|147,262|
|Net movement
in funds|||(6,065)|252,552|246,497|(4,523)|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||253,825|300,375|554,200|558,723|
|Net movement
in funds|||(6,055)|252,552|246,497|(4,523)|
|Total funds carried forward|||247,770|652,927|800,697|554,200|
##
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|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note||||6|
|Fixed assets|||||||
|Intangible
assets||||14,616|||
|Tangible assets||||618,604||383,702|
|||||633,220||383,702|
|Current assets|||||||
|Debtors|||18,047||30,070||
|Cash at bank and in hand|||156,296||164,954||
||||174,343||195,034||
|Creditors: amounts|falling due within one||||||
|year||10|(6,866)||(24,536)||
|Net current assets||||167,477||170,498|
|Total assets less current liabilities||||800,697||554,200|
|Total net assets||||800,697||554,200|
|Charity funds|||||||
|Restricted funds||||552,927||300,375|
|Unrestricted
funds||||247,770||253,825|
|Total funds||||800,697||554,200|
||||2023|2022|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net cash from operating
activities|||367,679|74,815|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets|||(376,347)|(241,196)|
|Net cash used in investing|activities||(376,347)|(241,196)|
|Cash flows from financing|activities||||
|Net cash provided
by financing
activities|||||
|Change in cash and cash|equivalents
In|the year|(8,668)|(166,381)|
|Cash and cash equivalents|at the beginning|ofthe year|-.164,964|331,345|
|Cash and cash equivalents|atthe end of|the year|156,296|164,964|
|The notes on pages 14to 26 form part ofthese financial statements|||||
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2023|
|||6|K|6|
|Grant funding|||332,375|332,375|
|Meetings|income|83,755||83,755|
|Course fee income||10,770||10,770|
|Other income||386||386|
|Simulation|bookings||4,000|4,000|
|||94,911|336,375|431,286|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022.|2022|
||||6||
|Grant funding|||41,091|41,091|
|Meetings|income|83,221||63,221|
|Course fee Income||17,166||17,166|
|Other income||1,261||1,261|
|||101,648|41,091|142,739|
|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|Total|
|||2023|2023|2023|
|||6||6|
|Educational|activities|100,966|83,823|184,789|
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|Unrestricted|Restricted||
|---|---|---|
|funds|funds|Total|
|2022|2022
6|2022
f|
|86,060|61,202|147,262|
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2023|2023|2023|
||||6|6|
|Educational|activities|1,228|183,561|184,789|
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2022|2022|2022|
||6||
|1,573|145,689|147,262|
|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
||||6|
|Course|materials|1,080|796|
|Catering||148|777|
|||1,228|1,573|
##
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|||Total|Total|
|---|---|---|---|
|||funds|funds|
|||2023f|2022
5|
|Depreciation||126,829|78,041|
|Salary recharges||2,349|2,174|
|Management|fees|13,680|13,680|
|Auditors
remuneration||6,5?0|4,920|
|Equipment|maintenance|5,779|11,550|
|Building maintenance||2,820|15,060|
|Insurance||14,469|12,775|
|Other costs||11,065|7,129|
|Disposal of|fixed assets||360|
|||183,561|145,689|
|Net income/(expenditure)||||
|||||2023|2022|
|---|---|---|---|---|---|
|Depreciation|oftangible|fixed assets - owned by the charity||125,785|78,041|
|Amortisation|ofintangible|fixed assets - owned|by the charity|1,044||
|||||126,829|78,041|
##
|Intangible assets||
|---|---|
||Computer|
||software|
|Cost||
|Additions|15,660|
|At 31 March 2023|15,660|
|Amortisation||
|Charge for the year|1,044|
|At 31 March 2023|1,044|
|Net book value||
|At 31 March 2023|14,616|
|At 31 March 2022||
##
|||Long-term|||
|---|---|---|---|---|
|||leasehold|ONce||
|||property|equipment|Total|
|||E|F|6|
|Cost orvaluation|||||
|At 1 April|2022|21,213|653,300|674,513|
|Additions|||360,687|360,687|
|Transfers|between classes|5,494|(5,494)||
|At 31 March 2023||26,707|1,008,493|1,035,200|
|Depreciation|||||
|At 1 April|2022|10,730|280,081|290,811|
|Charge for the year||1,272|124,513|125,785|
|Transfers|between classes|523|(523)||
|At 31 March 2023||12,525|404,071|416,596|
##
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|8.|Tangible fixe|d asset|s (continued)||||
|---|---|---|---|---|---|---|
|||||Long-term|||
|||||leasehold|Office||
|||||property|equipment|Total|
||Nst book value||||||
||At 31 March 2023|||14,182|604,422|618,604|
||At 31 March 2022|||10,483|373,219|383,702|
|9.|Debtors||||||
||||||2023|2022|
||Trade debtors||||8,337|15,006|
||Prepayments|and accrued income|||9,710|15,064|
||||||18,047|30,070|
|10.|Creditors: Amounts||falling due within one year||||
||||||2023|2022|
||||||6||
||Accruals and|deferred|income||6,866|24,536|
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at 1|||Transfers|31 March|
||||April 2022|Income|Expenditure|in/out|2023|
||||||||8|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Designated
Funds|||1,338||(2,349)|1,515|504|
|General funds||||||||
|General
Funds|||252,487|94,911|(98,617)|(1,515)|247,266|
|Total Unrestricted|funds||253,825|94,911|(100,966)||247,770|
|Restricted funds||||||||
|GP VTS restricted|fund||22,389||(1,080)||21,309|
|Innovation
and development||||||||
|funds|||45,943||(11,510)||34,433|
|SIM development|funds||153,538|4,000|(59,437)||98,101|
|Training
and development||fund|78,505||(6,256)||72,249|
|Imaging
academy||||332,375|(5,540)||326,835|
||||300,375|336,375|(83,823)||552,927|
|Total offunds|||554,200|431,286|(184,789)||800,697|
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||||Balance at|||31March|
||||1 April 2021|Income|Expenditure|2022f|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Designated
Funds|||3,512||(2,174)|1,338|
|General funds|||||||
|General Funds|||234,725|101,648|(83,886)|252,487|
|Total Unrestricted|funds||238,237|101,648|(86,060)|253,825|
|Restricted funds|||||||
|GP VTS restricted|funds||23,185||(796)|22,389|
|Innovation
and development||funds|8,792|41,091|(3,940)|45,943|
|Sim development|funds||204,931||(51,393)|153,538|
|Training
and development||funds|83,578||(5,073)|78,505|
||||320,486|41,091|(61,202)|300,375|
|Total offunds|||558,723|142,739|(147,262)|554,200|
##
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##
|Analysis|ofnet assets between funds - current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2023|2023|2023|
|||6|||
|Tangible|fixed assets|176,828|441,776|618,604|
|Intangible|fixed assets||14,616|14,616|
|Current assets||77,808|96,535|174,343|
|Creditors|due within one year|(6,866)||(6,866)|
|Total||247,770|552,927|800,697|
|Analysis|of net assets between funds - prior year||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022f|2022|
|Tangible|fixed assets|175,862|207,840|383,702|
|Current assets||102,499|92,535|195,034|
|Creditors|due within one year|(24,536)||(24,536)|
|Tl||253,825|300,375|554,200|
##
|13.|Reconciliation
ofne|t m|ovement|In fun|ds t|o net|cash flow|from operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023f|2022
5|
||Net
income/expenditure||for the|year|(as|per|Statement|of Financial|||
||Activities)||||||||246,497|(4,523)|
||Adjustments
for.||||||||||
||Depreciation
charges||||||||125,785|78,041|
||Amo/tisation
charges||||||||1,044||
||Loss on the sale offixed||assets|||||||360|
||Decrease/(increase)|in debtors|||||||12,023|(3,039)|
||Increase/(decrease)|in creditors|||||||(17,670)|3,976|
||Net cash provided
by operating|||activities|||||367,679|74,815|
|14.|Analysis ofcash and cash equivalents||||||||||
||||||||||2023|2022|
||||||||||6|6|
||Cash in hand||||||||156,296|164,964|
||Total cash and cash equivalents||||||||156,296|164,964|
|15.|Analysis ofchanges|in|net debt||||||||
|||||||||At 1April||At 31 March|
|||||||||2022|Cash flows|2023|
||||||||||6|6|
||Cash at bank and in|hand||||||164,964|(8,668)|156,296|
|||||||||164,964|(8,668)|156,296|
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