| Page | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' | annual report | (incorporating | the | director's report) | 1-4 | ||
| Independent examiner's |
report to the | trustees | |||||
| Statement | offinancial | activities (including | income and expenditure | account) | 6 | ||
| Statement | offinancial | position | |||||
| Notes to | the financial | statements | 9-20 |
| Registered | charity name | charity name | Peninsula Medical Foundation |
Peninsula Medical Foundation |
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|---|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1060423 | ||||||||
| Company | registration | number | 03300591 | |||||||
| Principal | office and registered | Metherell Gard |
||||||||
| office | Old Memorial | Hall | ||||||||
| Morval | ||||||||||
| Looe | ||||||||||
| Comwall | ||||||||||
| PL13 1PN | ||||||||||
| The trustees | ||||||||||
| Mr D C Wilkins | ||||||||||
| MrJBKitsonDL | (Resigned | 15November | 2022) | |||||||
| Mr H Anderson | (Resigned | 27 September | 2022) | |||||||
| Mr NBBuckland | ||||||||||
| ProfJA Copplestone | ||||||||||
| Ms RJames | ||||||||||
| Mr P McArdle | ||||||||||
| Mr RH GMichelmore | ||||||||||
| Mr M Plant | ||||||||||
| Mr P Vosper | ||||||||||
| Prof CTLewis OBE | ||||||||||
| ProfH Khalil | ||||||||||
| Mr6Beak | (Appointed | 23 September | 2022) | |||||||
| Independent | examiner | Guy Ian Northcott FCA DChA | Northcott | Trumfield | Chartered | |||||
| Accountants | ||||||||||
| Devonshire Villa |
||||||||||
| 52 Stuart Road | ||||||||||
| Stoke | ||||||||||
| Plymouth | ||||||||||
| PL3 4EE |
| Year to | |||||||
|---|---|---|---|---|---|---|---|
| Period from 1Feb 22 to 31 | Dec 22 | 31Jan 22 | |||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total find | ||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
66,289 | 66,289 | 459,277 | ||||
| Other trading activities | 18,346 | 18,346 | |||||
| Investment income |
4,360 | 4,360 | 4,431 | ||||
| Total income | 88,995 | 88,995 | 463,708 | ||||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations | and | ||||||
| legacies | 8 | 8,419 | 8,419 | 1,256 | |||
| Investment management |
costs | 9 | 1,658 | 1,658 | 2,023 | ||
| Expenditure on charitable |
activities | 10,11 | 91,422 | 91,422 | 203,695 | ||
| Total expenditure | 101,499 | 101,499 | 206,974 | ||||
| Net (losses)/gains on investments |
14 | (12,254) | (12,254) | 15,099 | |||
| Net (expenditure)/income | (24,758) | (24,758) | 271,833 | ||||
| Transfers between funds |
2,923 | (2,923) | |||||
| Net movement in funds |
(21,835) | (2,923) | (24,758) | 271,833 | |||
| Reconciliation offunds | |||||||
| Total funds brought forward |
24 | 439,911 | 44,510 | 484,421 | 212,588 | ||
| Total funds carried forward | 24 | 418,076 | 41,587 | 459,663 | 484,421 |
| 31Dec 22 | 31Jan 22 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 19 | 355 | 474 | |||
| Investments | 20 | 297,097 | 206,933 | |||
| 297,452 | 207,407 | |||||
| Current assets |
||||||
| Stocks | 21 | 1,800 | ||||
| Debtors | 22 | 3,526 | 427,116 | |||
| Cash at bank | and in | hand | 234,487 | 34,064 | ||
| 239,813 | 461,180 | |||||
| Creditors: amounts | falling due within one year | 23 | 77,602 | 184,166 | ||
| Net current | assets | 162,211 | 277,014 | |||
| Total assets | less current | liabilities | 459,663 | 484,421 | ||
| Net assets | 459,663 | 484,421 | ||||
| Funds ofthe | charity | |||||
| Restricted funds | 41,587 | 44,510 | ||||
| Unrestricted | funds: | |||||
| Revaluation reserve |
21,275 | 34,362 | ||||
| Other unrestricted | income funds | 396,801 | 405,549 | |||
| Total unrestricted | funds | 418,076 | 439,911 | |||
| Total charity | funds | 24 | 459,663 | 484,421 |
| Donations and legacies |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Donations | ||||
| Donations | 20,441 | 20,441 | ||
| Gift Aid received | 3,100 | 3,100 | ||
| Legacies | ||||
| The Elwyn Thomas Memorial | Fund | 42,748 | 42,748 | |
| Mrs JA Gibbs | ||||
| 66,289 | 66,289 | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Donations | ||||
| Donations | 20,223 | 8,838 | 29,061 | |
| Gift Aid received | 6,006 | 6,006 | ||
| Legacies | ||||
| The Elwyn Thomas Memorial | Fund | 375,877 | 375,877 | |
| Mrs JA Gibbs | 48,333 | 48,333 | ||
| 450,439 | 8,838 | 459,277 |
| Per | iod from 1Fe | iod from 1Fe | bruary 2 |
022 to 31De | cember 2022 | |||
|---|---|---|---|---|---|---|---|---|
| 6. | Other trading | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2022 | |||||
| Fundraising | events | 18,346 | 18,346 | |||||
| 7. | Investment | income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2022 | |||||
| Income from | listed investments | 4,077 | 4,077 | 4,431 | 4,431 | |||
| Bank interest | receivable | 283 | 283 | |||||
| 4,360 | 4,360 | 4,431 | 4,431 | |||||
| 8. | Costs ofraising | donations | and legacies |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2022 | ||||
| Costs ofraising donations | 7,500 | 7,500 | |||||
| Xmas cards | 2,008 | 2,008 | |||||
| Closing stock | (1,800) | (1,800) | |||||
| Just giving | fees | 198 | 198 | 216 | 216 | ||
| Advertising | 513 | 513 | 1,040 | 1,040 | |||
| 8,419 | 8,419 | 1,256 | 1,256 | ||||
| 9. | Investment | management | costs | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2022 | Funds | 2022 | ||||
| Portfolio management | 1,658 | 1,658 | 2,023 | 2,023 |
| Unrestricted | Restricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||
| Research | Grants, | Bursaries | and | Prizes | 75,342 | 75,342 | |
| Medical | research | equipment | |||||
| Support | costs | 16,080 | 16,080 | ||||
| 91,422 | 91,422 | ||||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| Research | Grants, | Bursaries | and | Prizes | 7,701 | 9,819 | 17,520 |
| Medical | research | equipment | 182,582 | 182,582 | |||
| Support | costs | 3,593 | 3,593 | ||||
| 193,876 | 9,819 | 203,695 |
| Expendit | ure on |
charitable | act | ivities by | activity type | |||
|---|---|---|---|---|---|---|---|---|
| Activities | ||||||||
| undertaken | Total funds | Total fund | ||||||
| directly | Support costs | 2022 | 2022 | |||||
| Research | Grants, | Bursaries | and | Prizes | 16,080 | 16,080 | 21,113 | |
| Medical | research | equipment | 75,342 | 75,342 | 182,582 | |||
| 75,342 | 16,080 | 91,422 | 203,695 |
| Analysis ofsupport costs | |||
|---|---|---|---|
| Analysis of | |||
| support costs | Total 2022 | Total 2022 | |
| Staff costs | 7,251 | 7,251 | |
| General office | 420 | 420 | 270 |
| Insurance | 1,022 | 1,022 | |
| Accounts | 4,621 | 4,621 | 2,464 |
| Administration | 2,647 | 2,647 | 702 |
| Depreciation | 119 | 119 | 158 |
| 16,080 | 16,080 | 3,594 |
| Peri | od from 1 | February | 2022 | to 31D | ece | mber 2022 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| 13. | Analysis of | grants | ||||||||
| Period from | ||||||||||
| 1Feb 22 to | Year to | |||||||||
| 31Dec 22 | 31Jan 22 | |||||||||
| Grants to institutions | ||||||||||
| Research Grants | 75,342 | 11,890 | ||||||||
| Grants to individuals | ||||||||||
| Bursaries and Prizes | 1,000 | |||||||||
| Brain Tumour Research | 4,629 | |||||||||
| 5,629 | ||||||||||
| Total grants | 75,342 | 17,519 | ||||||||
| 14. | Net (losses)/gains on investments |
|||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2022 | Funds | 2022 | |||||||
| Gains/(losses) | on listed investments | (12,254) | (12,254) | 15,099 | 15,099 | |||||
| 15. | Net (expenditure)/income | |||||||||
| Net (expenditure)/income | is stated after charging/(crediting): | |||||||||
| 31Dec 22 | 31Jan 22 | |||||||||
| Depreciation | oftangible fixed assets | 119 | 158 | |||||||
| 16. | Independent | examination | fees | |||||||
| Period from | ||||||||||
| 1Feb 22 to | Year to | |||||||||
| 31Dec 22 | 31Jan 22 | |||||||||
| Fees payable | to the independent | examiner for: | ||||||||
| Independent | examination | ofthe | financial | statements | 1,742 | 1,584 | ||||
| 17. | Staff costs | |||||||||
| The total staff costs and employee benefits for | the reporting | period are analysed | as follows: | |||||||
| Period from | ||||||||||
| 1Feb 22 to | Year to | |||||||||
| 31Dec 22 | 31Jan 22 | |||||||||
| Wages and salaries | 7,251 |
| Tangible Gxed assets | |
|---|---|
| Equipment | |
| Cost | |
| At 1February 2022 and 31December 2022 | 879 |
| Depreciation | |
| At 1February 2022 | 405 |
| Charge for the period | 119 |
| At 31December 2022 | 524 |
| Carrying amount |
|
| At 31December 2022 | 355 |
| At 31 January 2022 | 474 |
| Cash or cash | Listed | ||
|---|---|---|---|
| equivalents | investments | Total | |
| Cost or valuation | |||
| At 1February 2022 | 6,440 | 200,493 | 206,933 |
| Additions | 19,393 | 95,015 | 114,408 |
| Disposals | (11,990) | (11,990) | |
| Fair value movements | (12,304) | (12,304) | |
| Transfers | 50 | 50 | |
| At 31December 2022 | 25,833 | 271,264 | 297,097 |
| Impairment | |||
| At 1February 2022 and 31December 2022 | |||
| Carrying amount |
|||
| At 31December 2022 | 25,833 | 271,264 | 297,097 |
| At 31January 2022 | 6,440 | 200,493 | 206,933 |
| Peri | od from 1 | February 2022 to 31December 2022 |
February 2022 to 31December 2022 |
||
|---|---|---|---|---|---|
| 20. | InVeStmentS | (continued) | |||
| All investments | shown above are held at valuation. | ||||
| Financial assets held at fair value | |||||
| All investments | shown above are held at valuation. | ||||
| 21. | Stocks | ||||
| 31Dec 22 | 31Jan 22 | ||||
| Raw materials | and consumables | 1,800 | |||
| 22. | Debtors | ||||
| 31Dec 22 | 31Jan 22 | ||||
| Prepayments | and accrued income | 424,210 | |||
| Other debtors | 3,526 | 2,906 | |||
| 3,526 | 427,116 | ||||
| 23. | Creditors: amounts falling due within one year |
||||
| 31Dec 22 | 31Jan 22 | ||||
| Accruals and | deferred income | 77,085 | 184,166 | ||
| Social security | and other taxes | 517 | |||
| 77,602 | 184,166 |
| Unrestricted | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 1Feb 2022 | Income | Expenditure | Transfers | losses | 31Dec 2022 | ||
| General funds | 330,549 | 88,995 | (26,156) | (145,033) | (12,254) | 236,101 | |
| Revaluation | reserve | 34,362 | (13,087) | 21,275 | |||
| Designated Fund- | |||||||
| Postgraduate | |||||||
| Research | 75,000 | (75,343) | 343 | ||||
| Designated Fund- | |||||||
| Microplastics | |||||||
| Biobank | 160,700 | 160,700 | |||||
| 439,911 | 88,995 | (101,499) | 2,923 | (12,254) | 418,076 | ||
| At | Gains and | At | |||||
| 1Feb 2021 | Income | Expenditure | Transfers | losses | 31Jan 2022 | ||
| General funds | 145,367 | 454,870 | (197,155) | (87,632) | 15,099 | 330,549 | |
| Revaluation | reserve | 21,730 | 12,632 | 34,362 | |||
| Designated Fund- | |||||||
| Postgraduate | |||||||
| Research | 75,000 | 75,000 | |||||
| Designated Fund- | |||||||
| Microplastics | |||||||
| Biobank | |||||||
| 167,097 | 454,870 | (197,155) | 15,099 | 439,911 |
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At | Gains and | At | ||||
| 1Feb 2022 | Income | Expenditure | Transfers | losses | 31Dec 2022 | |
| Just Giving Zl,048 | ||||||
| and Vospers 62,600 | 3,648 | (3,648) | ||||
| Brain Tumour | ||||||
| Research | 3,648 | 3,648 | ||||
| Dental Academic | ||||||
| Prize | 6,500 | 6,500 | ||||
| Dental School | ||||||
| Prizes | 4,618 | 4,618 | ||||
| Diabetes Plymouth | ||||||
| Fund | 24,663 | 24,663 | ||||
| Dr Gould Prize | ||||||
| fund | 73 | (73) | ||||
| General Restricted | 2,158 | 2,158 | ||||
| Music Prize | 900 | (900) | ||||
| Peninsula Prize |
||||||
| Fund | 1,950 | (1,950) | ||||
| 44,510 | (2,923) | 41,587 | ||||
| At | Gains and | At | ||||
| 1Feb 2021 | Income | Expenditure | Transfers | losses | 31Jan 2022 | |
| Just Giving K1,048 | ||||||
| and Vospers K2,600 | 8,838 | (5,190) | 3,648 | |||
| Brain Tumour | ||||||
| Research | 4,629 | (4,629) | ||||
| Dental Academic | ||||||
| Prize | 6,500 | 6,500 | ||||
| Dental School | ||||||
| Prizes | 4,618 | 4,618 | ||||
| Diabetes Plymouth | ||||||
| Fund | 24,663 | 24,663 | ||||
| Dr Gould Prize | ||||||
| fund | 73 | 73 | ||||
| General Restricted | 2,158 | 2,158 | ||||
| Music Prize | 900 | 900 | ||||
| Peninsula Prize |
||||||
| Fund | 1,950 | 1,950 | ||||
| 45,491 | 8,838 | (9,819) | 44,510 |
| Tangible fixed an | d current assets creditor | s less than 1year | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Fixed and current | assets | 495,678 | 41,587 | 537,265 |
| Creditors less than | 1 year | (77,602) | (77,602) | |
| Net assets | 418,076 | 41,587 | 459,663 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Fixed and current | assets | 624,077 | 44,510 | 668,587 |
| Creditors less than | 1 year | (184,166) | (184,166) | |
| Net assets | 439,911 | 44,510 | 484,421 |