Mid Staffordshire Postgraduate Medical Centre (Education)
Trustees' Report and Financial Statements
for the year ended 31 March 2025
7D INS
> AUDIT

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Contents
Reference and Administrative Detalls of the Company, its Trustees and Advisers
Trustees' Report
Trustees' Responsibilities Statement
Independent Auditors' Report on the Financial Statements
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
Page
1
2-5
7-11
12
13 - 14
15
16 - 30

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Reference and Administrative Details of the Company, its Trustees and Advisers
for the year ended 31 March 2025
Trustees
Dr. MG Poulson
Mrs SJ Preston (resigned 1 February 2025)
Mr JC Lotz (reșlgned 24 March 2025)
Mr D Durrans (resigned 4 November 2024)
Mr M Oldham (appointed 1 February 2025)
DR W Carroll
Dr B Jose
Dr A Kennedy
Company registered
number
02891836
Charity registered number 1037738
Registered office
Royal Stoke University Hospital
Newcostle Road
Stoke on Trent
ST4 60G
Company secretary
Dr. MG Poulson
Independent auditors
Dains Audit Limited
Sulte 2, Albion House
2 Etrurla Office Village
Forge Lane
Etruria
Stoke on Trent
ST1 5RQ
Bankers
HSBC Bank pic
8 Market Square'
Stafford
ST16 2JP
Page 1

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Trustees report
for the year ended 31 March 2025
The Trustees present their annual report together with the audited financial statements of the company for the year
ended 31 March 2025. The annual report serves the purposes of both a Trustees' report and a directors' report under
company law.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the
accounts and comply with the charily's governing document, the Charities Act 2011, Ie Compuries Aul 2006 und
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Heporting Standard applicable in the UK and Republic of Ireland published in
October 2019.
Since the company qualifies as small under section 382 of the Companies Act 2006, the strategic report required of
medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013
has been omitted.
Objectives and activitles
a. Policies and objectives
To provide continuing education for fully qualified members of the medical and paramedical profession.
b. Strategies for achieving objectives
The charity provides conference, seminar, library and IT facilities for the University Hospitals of North Midlands NHS
Trust (UHNM) to enable education of general practitioners, hospital doctors and dentists, medical students and other
members of the multi-disciplinary team in Mid and North Staffordshire. The provision of these facilities will enable the
Trust and other local health providers to ensure their medical, dental and paramedical staff can offer the highest
quality healthcare to the general public.
c. Main activities undertaken to further the compony's purposes for the public benefit
The charity supports local patient self-help groups by providing free meeting room facilities and also supports national
patient groups by providing facilities for conferences at specially reduced rates. Covid19 restrictions have now been
lifted and face to face activities were welcomed back.
The charity will continue to provide high quality service in terms of staff, teaching resources, housekeeping and
maintenance of existing facilities to enable the delivery of medical and dental education. Investments in audio visual
and computer equipment and new national directives for the implementation of medical training will also continue.
The trustees have had regard to the Charity's Commission's guidance on public benetit.
Page 2

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Trustees' report (continued)
for the year ended 31 March 2025
Achievements and performance
a. Fundraising activities and income generation
The company has not undertaken any fundraising activities in the year.
Financial review
a. Results for the year
The statement of financial activities is shown on page 12. During the year a deficit of £122,524 has been made (2024 -
£169,659).
At the year end, the charity had carried forward funds of £508,514 (2024 - £631,038).
b. Reserves policy
The charity seeks to maintain sufficient unrestricted reserves to enable its day to day operations to continue for at least
12 months.
c. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the
going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern
basis can be found in the Accounting Policies.
d. Principal funding
Principal funding is from University Hospitals of North Midlands for the hire of the facilities.
Structure, governance and management
a. Constitution
Mid Staffordshire Postgraduate Medical Centre (Education) is registered as a charitable company limited by guarantee
and was set up by a Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of
the Memorandum of Association.
Page 3

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Trustees' report (continued
for the year ended 31 March 202:
Structure, governance and management (continued)
c. Organisational structure and decision-making policies
Day to day administration of the Charity is the responsiblity of the Postgraduote Centre Director and the PGMC Charity
Administrator. In accordance With the Memorandum and Articles of Association, the business of the Company is
managed by the Councll of Management, which comprises the Trustees, with a minimum of three members.
The Council of Management has the power to appoint at any time any person to membership and any such person
appointed shall be a member of the company.
d. Policies adopted for the induction and training of Trustees
New Trustees are usually familiar with the work of the Charity. They will receive a copy of the objectives of the Charity,
its Terms of Reference, Trustee Annual Report and Accounts and Minutes of recent meetings and will be briefed by the
Chair and/or the Director as required.
e. Related party relationships
Close links with UHNM Trust have continued throughout the year and the charlty is extremely grateful for all the help
and support received in providing services such as security, finance, catering, maintenance and housekeeping. We look
forward to continuing this relationship.
f. Risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the
operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
g. Future developments
Due to the expansion in Foundation Doctors this year the Centre is concentrating on delivering high qualty Simulation
Training to the Trainees whilst also expanding the Simulation Team to complete what training is needed to fulfil the
Doctors Portfolio requirements. The Imaging Academy is now up and running in Room 6 and they continue to support
professional development and excellence in radiography
Page 4

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Trustees' report (continued)
for the year'ended 31 March 202!
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware,
and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any
relevant audit information and to establish that the charity's auditors are aware of that information.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Mack Alon
Mr M Oldham
Trustee
Dr M G Roulson
Company Secretary
Dote: 3 November 2025
Page 5

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Statement of Trustees' responsibilities
for the year ended 31 March 2025
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for
preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Compony law requires the Trustees to prepore financial statements for each financial year. Under company law, the
Trustees must not approve the financial stalements unless they are sulisfied that they yive a true and fair view of the
state of affairs of the company and of its incoming resources and application of resources, including its income and
expenditure, for that perlod. In preparing these financial statements, the Trustees are required to:
•
•
select suitable accounting policles and then apply them consistently;
obsèrve the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and
enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on Its behalf by:
Mak Oldhi
Mr M Oldhom
Trustee
Dr M G Pouison
Company Secretary
Date: 3 November 2025
Page 6

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Independent Auditors' Report to the Members of Mid Staffordshire Postgraduate Medical Centre (Education)
Opinion
We have audited the financial statements of Mid Staffordshire Postgraduate Medical Centre (Education) (the 'charitable
company") for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the
statement of cash flows and the related notes, including o summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireiand' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
•
give a true and fair view of the state of the charitable company's offairs as at 31 March 2025 and of its incoming
resources and application of resources, including its income and expenditure for the year then ended:
:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in otcordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.
Our responsibilitles under those standards are further described in the Auditors' responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, Including the
Financial Reporting Counci's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertaintles relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as
a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant
sections of this report.
Page 7

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Independent Auditors' Report to the Members of Mid Staffordshire Postgraduate Medical Centre (Education)
(continued)
Other information
The other information comprises the information included in the annual report other than the financial statements and
our auditors' report thereon. The Trustees are responsible for the other information contained within the annual report.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read
the other information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowiedge obtained in the course of the audit, or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a materlal misstatement in the financial statements themselves. If, based on the work we have
performed, we conciude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees' report for the financial year for which the financial statements are.
prepared is consistent with the financial statements.
• the Trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course
of the audit, we have not identified material misstatements in the Trustees' report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to
report to you if, in our oplnion:
• adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Trustees' remuneration specified by low are not made; or
we have not recelved all the information and explanations we require for our audit; or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the
requirement to prepare a Strategic report.
Page 8

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Independent Auditors' Report to the Members of Mid Staffordshire Postgraduate Medical Centre (Education)
(continued)
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the Trustees (who are also the directors of the
charitable company for the purposes of company iaw) are responsible for the preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the choritable company's abilly to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or
have no realistic alternative but to do so. -
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The
extent to which our procedures are capable of detecting irregularities, including fraud is detalled below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud
and nor-compliance with laws and regulations, wos as follows:
• the senior statutory auditor ensured that the engagement team collectively had the appropriate competence.
capabllifles and skills to identify or recognise non-compllance with applicable laws and regulations;
• we identified the laws and regulations applicable to the charitable company through discussions with trustees and
other management, and from our commercial knowledge and experience of the sector;
• we focused on specific laws and regulations which we considered may have a direct material effect on the financial
statements or the operations of the charitable company, including the financal reporting legislation, Companies Act
2006, taxation legislation, anti-bribery, employment, and environmental and health and safety legisiation;
• we assessed the extent of compliance with the lows and regulations identified above through making enquiries of
management and inspecting legal correspondence; and
• Identified laws and regulations were communicated within the audit team regularly and the team remained alert to
instances of non-compliance throughout the audit.
Page 9

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Independent Auditors' Report to the Members of Mid Staffordshire Postgraduate Medical Centre (Education)
(continued)
We assessed the susceptibility of the charitoble company's financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of
actual, suspected and alleged fraud; and
• considering the internal controis in place to mitiqate risks of fraud and non-compliance with laws and requlations.
To address the risk of fraud through manogement bias and override of controls, we:
• performed analytical procedures to identify any unusual or unexpected relatlonships:
• tested journal entries to identify unusual transactions;
• assessed whether judgements and assumptions made in determining the accounting estimates set out in Note 2
were indicative of potential bias; and
• investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
Included, but were not limited to:
agreeing financiol statement disclosures to underlying supporting documentation;
• reading the minutes of meetings of those charged with governance:
• enquiring of management as to actual and potential litigation and claims; and
• reviewing correspondence with HMRC, relevant regulators and the charitable company's legal advisors.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the
more that compllance with a law or regulation is removed from the events and transactions reflected in the financia
statements, as we will be less likely to become aware of instances of non-compliance. The rlsk is also greater regarding
irregularities occurring due to fraud rather than error, as fraud Involves intentional concealment, forgery, collusion,
omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at: www.frc.org.uk/auditorsresponsibilties. This description forms part of our auditors' report.
•
Page 10

•
Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Independent Auditors' Report to the Members of Mid Staffordshire Postgraduate Medica! Centre (Education)
(continued)
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitoble company's
trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest
extent permitted by low, we do not accept or assume responsibility to anyone other than the charitable company and
Its members, as a body, for our audit work, for this report, or for the opinions we have formed.
sitatas
Jonathan Dudley (Senior statutory auditor)
for and on behalf of
Dains Audit Limited
Statutory Auditor
Chartered Accountants
Suite 2, Albion House
2 Etrurig Office Village
Forge Lane
Etrurla
Stoke on Trent
ST1 5RQ
3 November 2025
Page 11

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guárantee)
Statement of financial activities (incorporating income and expenditure account)
for the year ended 31 March 2025
Income from:
Charitable activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
Note
3
4
11
Unrestricted
funds
2025
102,760
102,760
127,762
127,762
(25,002)
(22,157)
(47,159)
219;727
(47,159)
172,568
Restricted
funds
2025
€
3,600
3,600
101,122
101,122
(97,522)
22,157
(75,365)
411,311
(75,365)
335,946
The Statement of. Financial Activities includes ail gains and losses recognised in the year.
The notes on pages 16 to 30 form part of these financiol statements.
Total
funds
2025
106,360
106,360
228,884
228,884
(122,524)
(122,524)
631,038
(122,524)
508,514
Total
funds
2024
103,059
103,059
272,718
272,718
(169,659)
(169,659)
800,697
(169,659)
631,038
Page 12

Mid Staffordshire Postgraduate Medical Centre (Education)
Balance sheet
As at 31 March 2025
Fixed assets
Intangible assets
Tangible assets
Note
7
8
Current assets
Debtors
Cash at bank and in hand
Total Current Assets
Creditors: amounts falling due within one year
Net current assets
Total assets less current liobilities
Total net assets.
Charity funds
Restricted funds
Unrestricted funds
Total funds
9
10
25,251
90,642
115,893
(9,016)
11.
11
2025
8,352
393,285
401,637
106,877
508,514
508,514
335,946
172,56B
508,514
18,387
73,187
91,574
(7,300)
2024
11,484
535,280
546,764
84,274
631,038
631,038
411,311
219.727
631,038
Page 13

•
Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Registered number: 02891836
Balance sheet (continued)
As at 31 March 2025
The Trustees acknowledge their responsibillies for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entitles subject to the
small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Dr MG Poulson
Trustee
Date: 3 November 2025
The notes on pages 16 to 30 form part of these financial statements.
Page 14

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Statement of cash flows
for the year ended 31 March 2025
Cash flows from operating activities
Net cash from operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 16 to 30 form part of these financial statements
2025
29,765
(12,310).
(12,310)
17,455
73,187
90,642
2024
11,415
(94,524)
(94,524)
(83,109)
156,296.
73,187
Page 15

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
1.
Accounting policies
1.1 Basis of preparation of financial statements
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with the accuunling pulicies set out in notes to the accounts and comply with the
charity's governing document, the Charities Act 2011, the Companies Act 2006 and Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to chartes preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
published in October 2019.
The financial statements are presented in sterling which is the functional currency of the charity and
rounded to the nearest E.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistently applied to all years presented unless otherwise stated
1.2 Company status
The company is a company limited by guarantee. The members of the company are the Trustees named
on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to
£1 per member of the company.
1.3 Going concern
The financial statements have been prepared on a going concern basis
The trustees assess whether the use of going concern is appropriate ie. whether there are any material
uncertainties related to events or conditions that may cast significant doubt on the obility of the charity to
continue as a going concern. The trustees make this assessment in respect of a period of one year from the
date of approval of the financial statements.
1.4 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will
be received and the amount of income receivable can be measured reliably.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, It is probable that a transfer of economic benefits will he required in settlement and the amount
of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity
are made up of the total of direct costs and shared costs, including support costs involved in undertaking
each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs
which contribute to more than one activity and support costs which are not attributable to a single activity
are apportioned between those activities on a bosis consistent with the use of resources. Central staff costs
are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's
use.
Page 16

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
1.
Accounting policies (continued)
1.5 Expenditure (continued)
Support costs are those costs incurred directly in support of the expenditure on the objects of the company
and include project management corried out at Headquarters.
Charitable activities and Governance costs are costs incurred on the company's operations, including
support costs and costs relating to the governance of the company apportioned to charitable activities.
1.6 Intangible assets and amortisation
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets
are measured at cost less any accumulated amortisation and any accumulated impairment losses:
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a
straight-line basis over its expected useful life.
Amortisation is provided on the following basis:
Computer softwarc
- 20% Straight line
1.7
Tangible fixed assets and depreciation
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less ther estlmated residual
value, over their expected useful lives on the following bases:
Long-term leasehold property
- Over the life of the lease
Office equipment
- 20% straight line
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that
the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying volue of fixed
assets and their recoverable amounts are recognised as impairments. Impalment losses are recognised in
the Statement of financial activities incorporating income and expenditure account.
1.8
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by
the company; this is normally upon notification of the Interest pald or payable by the bank.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered
Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 17

Mid Staffordshire Postgroduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
1.
Accounting policies (continued)
1.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.
1.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it
is probable that a transfer of economic benefit will be required in settlement, and the amount of the
settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the
effect of the time value of money is material, the provision is based on the present value of those amounts
discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the
discount is recognised in the statement of financial activities as a finance cost.
1.12 Financial instruments
The company only has financial assets and financial liabilties of a kind that qualify as basic financial
Instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently measured at
amortised cost using the effective Interest method.
1.13
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used In accordance with specific restrictions imposed by donors
or which have been raised by the company for particular purposes. The costs of raising and administering
such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the
notes to the financial statements.
Page 18

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
2.
3.
Critical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and ore based on historical experierice and other factors,
including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The company makes estimates and assumptions concerning the future. The resulting accounting estimates and
assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have
a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year are discussed below.
There are no estimates or judgements that management would like to bring to the readers attention.
Income from charitable activities
Unrestricted
funds
2025
Restricted
funds
2025
€
Grant funding
Meetings income
Course fee income.
Other income
Simulation bookings
87,172
15,280
308
-
102,760
-
3,600
3,600
Total
funds
2025
€
87,172
15,280
308
3,600
106,360
Page 19
•

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
3.
Income from charitable activities (continued)
Grant funding
Meetings income
Course fee income
Other income
Simulation bookings
Unrestricted
funds
2024
€
-
85,191
8,500
368
94,059
4.
Analysis of expenditure on charitable activities
Unrestricted
funds
2025
Educational activities
127,762
Educationai activities
Unrestricted
funds
2024
€
122,102
Restricted
funds
2024
€
5,400
-
3,600
9,000
Restricted
funds
2025
101,122
Restricted
funds
2024
150,616
Total
funds
2024
€
5,400
85,191
8,500
368
3,600
103,059
Total
2025
228,884
Total
2024
272,718
Page 20

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
5.
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Support
costs
2025
Educational activities
7,695
221,189
Activitles
undertaken
directly Support costs
2024
2024
Educational activities
5,472
267,246
Analysis of direct costs
Total
funds
2025
Catering
Course materials
2,608
5,087
7,695
Total
funds
2025
228,884
Total
funds
2024
272,718
Total
funds
2024
2,583
2,889
5,472
Page 21

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
5.
Analyșis of expenditure by activities (continued)
Analysis of support costs
•
Depreciation and amortisation
Salary recharges
Management fees
Auditors remuneration
Equipment maintenance
Building maintenance
Insurance
Other costs
Disposal of fixed assets
6.
Net income/(expenditure)
This is stated after charging:
Depreciation of tangible fixed assets - owned by the charity
Amortisation of intangible fixed assets - owned by the charity
Loss on disposal of assets
During the year, no Trustees received any remuneration (2024 - ENII)
During the year, no Trustees received any beriefits in kird (2024 - ENI)
During the year, no Trustees received any relmbursement of expenses (2024 - ENIl)
Total
funds
2025
157,437
13,680
7,410
15,495
2,084
21,040
4,045
221,189
2025
154,305
3,132
-
157,437
Total
funds
2024
179,567
504
13,680
6,210
7,662
36,782
16,659
4,767
1,415
267,246
2024
€
176,433
3,132
1,415
180,980
Page 22

Mid Staffordshire Postgraduate Medical Centre (Education)
( company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
7.
Intangible assets
Computer
software
cost-
At 1 April 2024'
At 31 March 2025
15,660
15,660
Amortisation
At 1 Aprll 2024
Charge for the year
•At 31 March 2025
4,176
3,132
7,308
Net book value
At 31 March 2025
At 31 March 2024
8,352
11,484
Page 23

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
Tangible fixed assets
•
Long-term
leasehold
property
€
Cost or valuation
At 1 April 2024
Additions
At 31 March 2025
42,127
42,127
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
14.102
2,531
16,633
Net book value
At 31 March 2025
At 31 March 2024
25,494
28,025
Office
equipment
1,030,600
12,310
1,042,910
523,345
151,774
675,119
367,7917
507,255
Total
€
1,072,727
12,310
1,085,037
537,447
154,305
691,752
393,285
535,280
Page 24

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
9.
Debtors
•
Trade debtors
Prepayments and accrued Income
2025
10,362
14,889
25,251
10.
Creditors: Amounts falling due within one year
Accruals and deferred income
2025
9,016
2024
7,982
10,405
18,387
2024
7,300
Page 25

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financal statements
for the year ended 31 March 2025
11.
Statement of funds
Statement of funds - current year
Balance at 1
April 2024
Income Expenditure
Unrestricted funds
General Funds
Restricted funds
GP VTS restricted fund
Innovation and development
funds
SIM development funds
Training and development fund
Imaging academy
219,727
102,760
(127,762)
18,726
22.922
42,256
62,727
264,680
411,311
3,600
:
3,600
(2,608)
(11.511)
(11,576)
(7,872)
(67,555)
(101,122)
Total of funds
631,038
106,360
(22B,884)
Transfers Balance at 31
In/but
March 2025
(22,157)
172,568
-
5,504
14,698
1,955
-
22,957
16,118
16,915
48,978
56,810
197,125
335,946
508,514
Page 26

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the finoncial statements
for the year ended 31 March 2025
11.
Statement of funds (continued)
Statement of funds - prior year
Balance at
1 April 2023
Unrestricted funds
Designated funds
Designated Funds
General funds
General Funds
504
Total Unrestricted funds
247,266
247,770
Restricted funds
GP VTS restricted fund
Innovation and development funds
SIM development funds
Training and development fund
Imaging academy
21,309
34,433
98,101
72,249
326,835
552,927
Total of funds
800,697
Income
Expenditure
(504)
94,059
94,059
(121,598)
(122,102)
3,600
5,400
9,000
(2,583)
(11,511)
(59,445)
(9,522)
(67,555)
(150,616)
103,059
(272,718)
Balance at
31 March
2024
219,727
219,727
18,726
22,922
42,256
62,727
264,680
411,311
. 635.038
Page 27

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Votes to the financial statement
or the year ended 31 March 202
11.
Statement of funds (continued)
Details of funds:
The trustees had previously designated funds for the undergraduate medical school development.
General funds are unrestricted funds for use in pursuance of the charity's objectives.
The balance on the GP VTS scheme is to be used for the running costs of the scheme.
Innovation and development funds are to provide a new Wi-Fi system/technology for doctors and delegates
accessing the Postgraduate Centre.
SIM development funds have been received, from Health Education England in order to develop a Simulation
Training Unit/Patient Safety Centre in the RAB Thomas Lecture Theatre.
Training and development funds support training for staff.
Imaging academy - HEE funding was secured to support development of a Midlands imaging Academy,
delivering training to the School of Radiology, Post graduate Radiography, Medical Physics, and Radiology
12.
Analysis of net assets between funds
Analysis of net assets between funds - current year
, Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
Total
Unrestricted
funds
2025
151,064
3,456
27,064
(9,016)
172,568
Restricted
funds
2025
242,221
4,896
88,829
335,946
Total
funds
2025
393,285
8,352
115,893
(9,016)
508,514
Page 28

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
12.
Analysis of net ossets between funds (continued)
Analysis of net assets between funds - prior year
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
•
Total
Unrestricted
funds
2024
209,952
17,075
(7,300)
219,727
Restricted
funds
2024
€
325,328
11,484
74,499
411,317
Reconciliation of net movement in funds to net cash flow from operating activities
2025
Net expenditure for the year (os per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Loss on the sale of fixed assets
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
(122,524)
154,305
3,132
-
(6,864)
1,716
29,765
Total
funds
2024
535,280
11,484
91,574
(7,300)
631,038
2024
(169,659)
176,433
3,132
1,415
(340)
434
11,415
Page 29
:

Mid Staffordshire Postgraduate Medical Centre (Education)
(A company limited by guarantee)
Notes to the financial statements
for the year ended 31 March 2025
14.
Analysis of cash and cash equivalents
Cash In hand
Total cash and cash equivalents
2025
90,642
90,642
2024
73,187
73,187
15.
Analysis of changes in net debt
Cash at bank and in hand
At 1 April
2024
73,187
73,187
Cash flows
17,455
17,455
At 31 March
2025
90,642
90,642
16.
17.
Related party transactions
The charity is related by way of common trustees to Mid-Staffordshire Medical Education Centre, whose
principal activity is that of fundraising in relation to the developrient of medical education facilities in Mid
Staffordshire.
The charity occupies a building owned by the related charity rent free.
The charity paid the audit fee of £875 (2024 - £850) including VAT on behaif of the related charity during the
year.
The charity registered office of the related charity is County Hospital, Weston Road, Stafford, ST16 3SA
None of the trustees have been paid any remuneration or received any other benefits from an employment
with their charity or a related entity.
Controlling party
The charity is controlled by the trustees who are also the directors.
Page 30