2022-03-31-accounts

		Page
Reference and Administrative Details
Report ofthe Trustees	2	io	5
Report ofthe Independent Auditors	6	ic	8
Statement of Financial Activities
Balance Sheet		10
Notes to the Financial Statements	11	to	20
Detailed Statement ofFinancial Activities		21

		fo	r the Year En	ded 31stMarch	2022
						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	5	E	5
INCOME AND ENDOWMENTS		FROM
Donations and legacies				50,908		50,908	104,318
Charitable activities
The Charles Hastings	Education	Centre		234,564		234,564	231,392
George Marshall Medical Museum				827		827	35
Investment income				111		111	308
Other income				9,115		9,115	501
Total				295,525		295,525	336,554
EXPENDITURE ON
Charitable activities			8
The Charles Hastings	Education	Centre		292,377	97,983	390,360	358,761
George Marshall Medical Museum				15,390		15,390	25,626
Total				307,767	97,983	405,750	384,387
NET INCOME/(EXPENDITURE)				(12,242)	(97,983)	(110,225)	(47,833)
RECONCILIATION OF FUNDS
Total funds brought	forward			592,779	2,401,098	2,993,877	3,041,710
TOTAL FUNDS CARRIED FORWARD				580,537	2,303,115	2,883,652	2,993,877

	31st	March 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6	2	6
FIXEDASSETS
Tangible assets	14	59,277	2,286,657	2,345,934	2,449,169
Investments	15	1		1	1
		59,278	2,286,657	2,345,935	2,449,190
CURRENT ASSETS
Debtors	16	263,767		263,767	297,915
Cash at bank and in hand		337,604	16,458	354,062	411,935
		601,371	16,458	617,829	709,850
CREDITORS
Amounts falling due within one year	17	(80,112)		(80,112)	(165,163)
NET CURRENT ASSETS		521,259	16,458	537,717	544,687
TOTAL ASSETSLESSCURRENT LIABIUTIES		580,537	2,303,115	2,883,652	2,993,677
NET ASSETS		580,537	2,303,115	2,883,652	2,993,877
FUNDS	19
Unrestricted funds				580,537	592,779
Restricted funds				2,303,115	2,401,098
TOTAL FUNDS				2,883,652	2,993,877

DONATI	ONS AND	LEGA	CI	ES
									2022	2021
									6
Donations										1,173
Grants										15,305
Gift Aid Donation -		The Worcestershire			Healthcare	Education	Company
Limited									50,908	87,840
									50,908	104,318
Grants received, included			in	the above,	are as fcfiows:
									2022 6	2021f
Medtronic										10,000
Ironbridge	Gorge Museums									5,305
										15,305
INVESTMENT INCOME
									2022	2021
									2	f
Bank interest									111	308
INCOME	FROM CHARITABLE ACTIVITIES
									2022	2021
						The
						Charles		George
						Hastings		Marshall
						Education		Medical	Total	Total
						Centre		Museum	activities	activities
						f		f	f	2
Letting to	The Worcestershire			Healthcare
Education	Company	Limited				234,564			234,564	231,392
Museum	Takings							827	827	35
						234,564		827	235,391	231,427

CHARITABLE A	CTIV	ITIES COS	TS
					Direct
					Costs (see
					note 9)
					6
The Chance Hastings		Education	Centre		390,360
George Marshall	Medical Museum				15,390
					405,750
DIRECT COSTS	OF CHARITABLE ACTIVITIES
				2022	2021
Rates and water				10,010	8,839
Insurance				15,107	14,620
Light and heat				64,128	51,379
Telephone				398	372
Sundries				253	253
Estate maintenance				87,247	86,687
Cleaning, security	and	associated	costs	67,112	65,938
Museum costs				15,390	25,626
Company secretary fees				9,900	8,400
Bookkeeper				985	1,160
Repairs and renewals				21,819	755
Audio visual equipment		repairs		3,828	4,027
Auditors remuneration				3,300	3,200
Conference costs				1,889	2,032
Accountancy fees				855	830
Depreciation				103,506	106,030
Loss on sale ofassets					4,205
Interest payable and similar charges				25	25
				405,750	384,387

Net incom	e/(expenditure) is stated after	charging/(crediting):
			2022f	2021f
Depmciation - owned assets			103,506	106,030
Deficit on	disposal offixed assets			4,205
Amounts	payable to auditor for statutory	audit	3,300	3,200
Amounts	payable to auditor forother financial services		855	830

		Unrestricted	Restdicted	Total
		funds 6	fundsf	funds 6
INCOME AND ENDOWMENTS	FROM
Donations and legacies		87,860	16,458	104,318
Charitable activities
The Charles Hastings Education	Centre	231,392		231,392
George Marshall Medical Museum		35		35
Investment income		308		308
Other income		501		501
Total		320,096	16,458	336,554
EXPENDITURE ON
Charitable activities
The Charles Hastings Education	Centre	258,764	99,997	358,761
George Marshall Medical Museum		25,626		25,626
Total		284,390	99,997	384,387
NET INCOME/(EXPENDITURE)		35,706	(83,539)	(47,833)
RECONCILIATION OF FUNDS
Total funds brought forward		557,073	2,484,637	3,041,710
TOTAL FUNDS CARRIED FORWARD		592,779	2,401,098	2,993,877

TANGIBLE FIXEDASSETS
	Long	Improvements		Audio
	leasehold	to	Plant and	visual
	buildings	property	machinery 2	equipment 6	Totals f
COST
At 1st April 2021	3,730,109	2,160	506,168	323,601	4,562,038
Additions			251		251
At 31stMarch 2022	3,730,109	2,160	506,419	323,601	4,562,289
DEPRECIATION
At 1st April 2021	1,416,682	129	431,891	264,147	2,112,849
Charge for year	'74,603	43	11,176	17,684	103,506
At 31st March 2022	1,491,285	172	443,067	281,831	2,216,355
NET BOOK VALUE
At 31st March 2022	2,238.824	1,988	63,352	41,770	2,345,934
At 31stMarch 2021	2,313,427	2,031	74,277	59,454	2,449,189
FIXEDASSETINVESTMENTS
					Shares in
					gi'oup
					undertakings
					0

The trading results o	fThe Worcestershire Healthcare Educat	ion Company Limited was as follows:
		2022	2021
			5
Turnover		273,981	307,007
Administrative expenses		(242,573)	230,167
Other operating income		20,000	20,000
Profit for the financial	year	51,408	87,840
Gift aid distributions	to the charity	(51,408)	(87,840)
Net retained earnings	for the year

FIXE	DASSE	TINVESTMENTS - continued
Total	current	assets	258,433	297,138
Total	current	liabilities	(258,432)	(297,137)
			1	1
Share	caital		1	1

MOVEMENT IN F	UND	S
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
								6
Unrestricted funds
General fund						438,779	«2,242)	426,537
Development Fund						154,000		154,000
						592,779	«2,242)	580,537
Restricted funds
Education Centre						1,999,084	(64,790)	1,934,294
Medical Museum						299,245	(9,186)	290,059
Audio Visual Equipment						52,383	«5,982)	36,401
HLF Museum						39,233	(8,025)	31,208
Cardiology Department		Educational			Fund	10,000		10,000
Paediatric Training	Fund					1,153		1,153
						2,401,098	(97,983)	2,303,115
TOTALFUNDS						2,993,877	(110,225)	2,883,652
Net movement in funds,		included		in	the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
							F
Unrestricted funds
General fund						295,525	(307,767)	«2,242)
Restricted funds
Education Centre							(64,Tao i	(64,790)
Medical Museum							(9,186)	(9,186)
Audio Visual Equipment							«5,982)	«5,982)
HLF Museum							(8,025)	(8,025)
							(97,983)	(97,983)
TOTALFUNDS						295,525	(405,750)	(110,225)
Comparatives for movement			In	funds
							Net
							movement	At
						At 1.4.20	in funds	31.3.21
						6
Unrestricted funds
General fund						403,073	35,706	438,779
Development Fund						154,000		154,000
						557,073	35,706	592,779
Restricted funds
Education Centre						2,063,874	(64,790)	1,999,084
Medical Museum Audio Visual Equipment						303,126 68,961	(3,881 ) (16,578)	299,245 52,383
HLF Museum						48,676	(9,443)	39,233
Cardiology Department		Educational			Fund		10,000	10,000
Paediatric Training	Fund						1,153	1,153
						2,484,637	(83,539)	2,401,098
TOTAL FUNDS						3,041,710	(47,833)	2,993,877

				for the Year Ended 31st	INarch 2022
					2022f	2021f
INCOME AND ENDOWMENTS
Donations and legacies
Donations						1,173
Grants						15,305
Gift Aid Donation - The Worcestershire
Healthcare Education		Company		Limited	50,908	87,840
					50,908	104,318
Investment income
Bank interest						308
Charitable activities
Letting to The Worcestershire			Healthcare
Education Company	Limited				234,564	231,392
Museum Takings					827	35
					235,391	231,427
Other income
Bank compensation					248	501
Other income					8,867
					9,115	501
Total incoming resources					295,525	336,554
EXPENDITURE
Charitable activities
Rates and water					10,010	8,839
Insurance					15,107	14,629
Light and heat					64,128	51,379
Telephone Sundries					396 253	372 253
Estate maintenance					87,247	86,687
Cleaning, security and		associated		costs	67,112	65,938
Museum costs					15,390	25,626
Company secretary fees					9,900	8,400
Bookkeeper					985	1,160
Repairs and renewals					21,819	755
Audio visual equipment		repairs			3,828	4,027
Auditors remuneration					3,300	3,200
Conference costs					1,889	2,032
Accountancy fees					855	830
Long leasehold					74,603	74,603
Improvements to property					43	43
Plant and machinery					11,176	13,104
Computer equipment					17,684	18,280
Loss on sale oftangible		fixed assets				4,205
Bank charges					25	25
					405,750	384,387
Total resources expended					405,750	384,387
Net expenditure					(110,225)	(47,833)