REGISTERED CHARITY NUMBER : 1078780
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
TRAUMA CARE
TRAUMA CARE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Report of the Trustees | 3 to 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the Financial Statements | 12 to 20 |
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TRAUMA CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1078780
Principal address Group First House Suite 109 12a Mead Way Shuttleworth Mead Business Park Padiham Lancashire BB12 7NG
Banker
Bank of Scotland Royal Mile PO BOX 17235 Edinburgh EH11 1YH
Trustees
Professor Sir KM Porter Mr C Ledbury Professor I Greaves Professor T Coates (Appointed 13/09/2024) J Tovey (Appointed 13/12/2023) C Burnell (Appointed 13/12/2023) T Griffiths (Appointed 13/12/2023) M Willis (Appointed 13/12/2023)
The honorary patron: Prof James Ryan. Advisors: Mr Richard Steyn & Mr Stuart Edmonds.
Independent Examiner
Elizabeth Needham ACA CTA (VAT) Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern, WR14 2JS
Accountant
KellyATC Ltd 20 Blackmore Road Malvern WR14 1QT
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TRAUMA CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives and aims can be summarised as follows.
-
To advance the study and practice of trauma care.
-
To provide treatment, care and assistance to all those who require medical treatment.
-
To carry out research into all areas of trauma healthcare and traditional medical systems and remedies throughout the world and to disseminate the useful results of that research.
Ensuring our work delivers our aims
We review our aims, objectives, and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure that our aims, objectives and activities remain focused on our stated purposes.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The focus of our work
The focus of Trauma Care is to promote high standards of patient care through education, teaching, and research.
Grantmaking
The charity's grantmaking policy is to make grants in which the trustees will be assured that any grant made by the charity contributes towards improving the outcomes of trauma victims.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
How our activities deliver public benefit
In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
Our main activities and who we try to help are described below.
All of our charitable activities focus on our ability to help to improve the outcomes of trauma victims by establishing best practice throughout the whole chain of care through education, research and publishing.
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TRAUMA CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENTS AND PERFORMANCE – continued
Chairman’s Report 2023-24
The last year has been a period of mixed fortunes and over-all the situation remains challenging. On the positive side, our webinars remain extremely popular and are a source of new members. Our recent conferences have been great successes in terms of attendees and customer satisfaction but have not yielded sufficient income to support further growth. We have been delighted to welcome Dr Dhushy Surendra Kumar as (unpaid) medical director and we have undertaken a refresh of the trustees and now have a dynamic and enthusiastic board to offer us guidance going forward.
Whilst our individual membership number recovered after year end, neither the income we derive from membership nor that from conferences is sufficient to allow us to grow our financial reserves.
We now have a committed, enthusiastic, and able group of trustees, whose work for us is already showing dividends, but we also need volunteers to help with the day-to-day running of the charity and most importantly with conference organising and publications.
We are currently exploring relationships with military medical services as a way of moving forwards. Developing a succession plan for the charity’s future management remains, alongside the need to ensure our future financial stability.
Plans are being developed for our 2025 Yarnfield conference.
In terms of its conferencing and publications and its salaried administrative base, Trauma Care is in an exceptionally strong position for future growth.
Prof Ian Greaves
Chairman of the Trustees
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TRAUMA CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE – continued
Honorary Secretary Report
Trauma Care is feeling the challenges of background financial hardship. As such, we have lost one or two corporate partners and academic partners which obviously challenges our finances. We maintain a status quo with our membership where we are able to recruit new members, particularly following our attractive and diverse webinar programmes.
We do contact those choosing to leave and almost the universal reason is personal finance. All that said, the organisation is in a sound financial position. We have held a very successful five-day conference earlier this year and strive hard to maintain our USP- quality conferencing, delivered inexpensively. It is essential that conferences break even and hopefully make a small profit.
Trauma Care are supported by an active group of trustees, and we remain grateful for all of their time and valued advice.
Professor Sir K M Porter
Honorary Secretary
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TRAUMA CARE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENTS AND PERFORMANCE - continued
Reserves policy
The trustees have established a reserves policy whereby unrestricted funds not committed or invested in tangible fixed assets held by the charity should cover a year’s salary for staff with the cost of cancelling a conference and losing our outlay.
The unrestricted General fund balance as at 31 March 2024 amounted to £112,380 (2023: £175,754).
Financial Review
The Statement of Financial Activities for the year ended 31 March 2024 shows income totaling £335,513 (2023: £286,316) and expenditure £398,887 (2023: £268,305), resulting in net expenditure totaling £63,374 (2023: net income £18,011).
As a result, the charity's net assets have decreased from £175,754 as at 31 March 2023 to £112,380 as at 31 March 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Trauma Care is an unincorporated charity and was registered as a charity on 4 January 2000 (registered charity number 1078780). Trauma Care is governed by a declaration of trust dated 6 October 1999.
Recruitment and appointment of new trustees
The first trustees are re-appointed every three years. New trustees are appointed for terms of either one or three years and are selected on the basis that they are able to, by virtue of their personal or professional qualifications, make a contribution to the pursuit of the objectives or the management of the charity.
All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the notes to the financial statements.
Induction and training of new trustees
As part of their induction programme new trustees are made aware of their responsibilities as trustees of Trauma Care.
This induction includes an introduction to the objectives, scope and policies of the charity and information on trustee responsibilities, together with a copy of the charity's governing document.
Statement of trustees Responsibility
The Trustees confirm that the annual report and financial statements of the charity and the company comply with the Charity Act 2011 and 2016, and the Companies Act 2006, and the requirements of the charities governing document and in accordance with United Kingdom Generally Accepted Accounting Practice, including FRS102, the financial reporting standard applicable in the UK effective from the 1st of January 2015. The Trustees are satisfied that they give a true and fair view of the state of affairs of the charity and company including income and expenditure.
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TRAUMA CARE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT - continued
Organisational structure
The trustees who have served during the period are disclosed under Reference and Administrative details. All matters of policy, management and any other items as circumstances require are determined by the trustees.
Trauma Care has a governing Board of Trustees committed to maintaining a high standard of governance. Trustees, all of whom are in unpaid roles, come from a diverse background bringing a broad range of relevant experience and skills to the Board discussions.
Approved by order of the board of trustees on 10[th] December 2024 and signed on its behalf by:
Professor Sir K M Porter - Trustee
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TRAUMA CARE Independent Examlner's Report to the Trustees of Trauma Care for the Year Endln8 31 March 2024 I report tothe charity trustees on my examlnation of the accounts of the charity forthe yearended 31, March 2024 set out on pages 10 to 20. Responslbllities and basls or report As the charlty's trustees you are responslble for the preparatlon of the accounts in accordance with the requirements of the Charlties Act 20111"the Act ). I report In respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examlnatlon I have followed all the applicable Directions given by the Charlty commission under Sectlon 14515)Ibl of the Act. Independent examlner's statement Slnce the charity's gross income exceeds £250,OOOyour examlner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am quallfied to undertake the examlnation because l am a member of the Instltute of Chartered Accountants In England and Wales which Is one of the Ilsted bodies. I have completed my examinatlon. I conflrm that no materlal matters have come to myattention in connectlon with the examlnation glvlng me cause to belleve that In any materlal respect: accounting records were not kept In respect of the charity as required by section 130 of the Act. or 2, the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concernlng the form and content of accounts set out in the Charitles (Accounts and Reports} Regulatlons 2008 otherthan any requirement that the accounts glve a true and fair view whlch is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Signed: Date: Elizabeth Needham ACA CTA (VAT) Institute of Chartered Accountants, England and Wales Kendall Wadley LLP Granta Lodge 71 Graham Road Malvern, WR14 2JS
TRAUMA CARE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Notes INCOME Donation and legacies Charitable activities Income from charitable activities 3 Other trading activities 4 Total income EXPENDITURE ON Raising funds Charitable activities 5 Total Expenditure NET (EXPENDITURE)/INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted Funds £ 5,230 116,197 214,086 335,513 3,230 395,657 398,887 (63,374) 175,754 112,380 |
2023 Total Funds £ 11,427 153,822 121,067 |
|---|---|---|
| 286,316 19,399 248,906 |
||
| 268,305 | ||
| 18,011 157,743 |
||
| 175,754 |
The notes on pages 12 to 19 form part of these financial statements
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TRAUMA CARE
BALANCE SHEET 31 MARCH 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted Funds | Total Funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Investments | 8 | 1 | 1 |
| Intangible Assets | 9 | 75,936 | 13,056 |
| Tangible Assets | 10 | 12,904 | - |
| 88,841 | 13,057 | ||
| CURRENT ASSETS | |||
| Debtors | 11 | 38,212 | 128,826 |
| Cash at bank and in hand | 76,570 | 51,015 | |
| 114,782 | 179,841 | ||
| CREDITORS | |||
| Amounts falling due within one year | 12 | (91,243) | (17,144) |
| NET CURRENT ASSETS | 23,539 | 162,697 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 112,380 | 175,754 | |
| NET ASSETS | 112,380 | 175,754 | |
| FUNDS | |||
| Unrestricted funds | 13 | 112,380 | 175,754 |
| TOTAL FUNDS | 112,380 | 175,754 |
The financial statements were approved by the Board of Trustees and authorised for issue on 10[th] December 2024 and were signed on its behalf by:
Sir K M Porter
Trustee
The notes on pages 12 to 19 form part of these financial statements
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CHARITY INFORMATION
Trauma Care is a charity registered with the Charity Commission in England and Wales (Charity Number: 1078780). Its registered address is Group First House, Suite 109, 12a Mead Way, Shuttleworth Mead Business Park, Padiham, Lancashire, BB12 7NG
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial accounts have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
INTANGIBLE FIXED ASSETS
Computer software is amortised evenly over a period of 3 years. Patents are amortised over 8 to 10 years.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, Fittings & Equipment - 33% on cost
TAXATION
The charity is exempt from tax on its charitable activities. Subsidiary companies pay any taxable profits to the charity each year under Gift Aid.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity and such funds arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
INVESTMENTS
Fixed asset investments are stated at cost as at the balance sheet date. Any profits or losses arising from the disposal of fixed asset investments are recognised as part of the result from ordinary activities.
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.
CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
FINANCIAL INSTRUMENTS
The charity only has financial assets and financial liabilities 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.
EXEMPTION FROM CONSOLIDATION
Consolidated accounts have not been prepared as the group qualifies as a small group under the Charities Act 2011.
GOING CONCERN
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties over its ability to continue. Thus the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.
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TRAUMA CARE
2. STATEMENT OF FINANCIAL ACTIVITIES – PRIOR YEAR
| Notes INCOME AND ENDOWMENTS FROM Donation and legacies Charitable activities Income from charitable activities 3 Other trading activities 4 Total EXPENDITURE ON Raising funds Charitable activities 5 Total Expenditure NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2023 Unrestricted Funds £ 11,427 153,822 121,067 |
|---|---|
| 286,316 19,399 248,906 |
|
| 268,305 | |
| 18,011 157,743 |
|
| 175,754 |
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 3. INCOME FROM CHARITABLE ACTIVITIES Subscriptions Membership subscriptions 4. OTHER TRADING ACTIVITIES Conference Fundraising events 5. CHARITABLE ACTIVITIES COSTS Direct Costs Conference Other expenses (including employee costs) Manuals Support Costs Employee costs IT management support costs Premises costs Other expenses Independent examiners fee Total Support costs Total Charitable Activities Costs |
2024 £ 116,197 2024 £ 197,543 16,543 214,086 Total 2024 £ 133,262 32,458 72,114 |
2023 £ 153,822 |
|
|---|---|---|---|
| 2023 £ 111,725 9,342 |
|||
| 121,067 | |||
| Total 2023 £ 86,513 - 41,183 |
|||
| 237,834 58,454 54,457 13,817 30,135 960 157,823 395,657 |
127,696 - 86,009 - 34,201 1,000 |
||
| 121,210 | |||
| 248,906 |
Support costs are those costs that have been incurred by the charity in order to further the continued development of the charity's fundraising and charitable activities.
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
6. TRUSTEES’ REMUNERATION AND BENEFITS
The following trustees expenses were paid to them during the year ended 31 March 2024 for travel and Subsistence, office expenses to attend conferences and trustee meetings.
| Prof. Sir KM Porter Prof. I Greaves C Ledbury T Griffiths |
2024 £ 1,085 1,620 469 142 3,316 |
2023 £ 48 72 25 - 145 |
|---|---|---|
There were no trustees’ remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
7. STAFF COSTS
| Salaries and wages Social security costs Pension costs |
2024 £ 58,314 895 1,375 60,584 |
2023 £ - - - - |
|---|---|---|
No employee received emoluments in excess of £60,000.
The average monthly number of employees during the year was as follows:
| 2024 Number 2 |
2023 Number - |
|---|---|
The charity operates an Automatic Enrolment scheme through NEST.
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
8. FIXED ASSET INVESTMENTS
| COST At 1 April 2023 and 31 March 2024 NET BOOK VALUE As at 31 March 2024 NET BOOK VALUE As at 31 March 2023 |
Shares in group undertakings £ 1 |
|---|---|
| 1 | |
| 1 |
The charity’s investments as at the balance sheet date in the share capital of Trauma Care Management Limited, a wholly owned subsidiary company of the charity which is registered in England (company registered number 0366782).
9. INTANGIBLE FIXED ASSETS
| COST As at 1 April 2023 Additions Disposals As at 31 March 2024 AMORTISATION As at 1 April 2023 Charge for the year As at 31 March 2024 NET BOOK VALUE As at 31 March 2024 As at 31 March 2023 |
Computer software £ 29,441 65,191 - 94,632 29,441 679 30,120 64,512 - |
Patents 16,320 - - 16,320 3,264 1,632 4,896 11,424 13,056 |
Total £ 45,761 65,191 - |
|---|---|---|---|
| 110,952 32,705 2,311 |
|||
| 35,016 | |||
| 75,936 | |||
| 13,056 |
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
10. TANGIBLE FIXED ASSETS
| COST As at 1 April 2023 Additions Disposals As at 31 March 2024 DEPRECIATION As at 1 April 2023 Charge for the year As at 31 March 2024 NET BOOK VALUE As at 31 March 2024 As at 31 March 2023 |
Fixtures, Fittings & Equipment £ 696 13,337 - |
|---|---|
| 14,033 696 433 |
|
| 1,129 | |
| 12,904 | |
| - |
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade Debtors Amount due from subsidiary undertaking Prepayments |
2024 £ 19,167 - 19,045 38,212 |
2023 £ 7,892 101,905 19,029 |
|---|---|---|
| 128,826 |
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade Creditors Other Creditors Accruals and Deferred Income |
2024 £ 69,468 516 21,259 91,243 |
2023 £ 3,519 - 13,625 |
|---|---|---|
| 17,144 |
Deferred income relates to deferred conference, membership and sponsorship income.
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.23 £ 175,754 175,754 |
Income £ 335,513 335,513 |
Expenditure £ (398,887) (398,887) |
At 31.3.24 £ 112,380 |
|---|---|---|---|---|
| 112,380 |
MOVEMENT IN FUNDS – Prior year
| OVEMENT IN FUNDS – Prior year | ||||
|---|---|---|---|---|
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 157,743 157,743 |
Income £ 286,316 286,316 |
Expenditure £ (268,305) (268,305) |
At 31.3.23 £ 175,754 |
| 175,754 |
Unrestricted - General fund
This fund represents the free funds of the charity that are not designated for particular purposes.
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TRAUMA CARE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
14. RELATED PARTY DISCLOSURES
Trauma Care Management Limited
During the year ended 31 March 2024 the following transactions occurred between Trauma Care and Trauma Care Management Limited, a wholly owned subsidiary company of the charity which is registered in England (company registered number 03667182).
Administrative Services
Trauma Care Management Limited ceased trading on 31[st] March 2024. The Assets were transferred to Trauma Care at a value of £9,821 for furniture, fixtures and fittings and £65,191 for Computer Software.
During the year Trauma Care Management Limited charged Trauma Care £32,000 for the provision of office space and staff services (2023: £84,000).
During the year Trauma Care Management Limited reported turnover of £97,191 (2023: £84,000), Expenditure of £83,952 (2023: £114,182) and net Profit of £13,239 (2023 Loss of: £30,182).
Amount due from subsidiary undertaking
Included with debtors falling due within one year as at 31 March 2024 is an amount totalling £nil (2023: £101,905) due from Trauma Care Management Limited to Trauma Care.
15. ULTIMATE CONTROLLING PARTY
The charity is controlled by the trustees as listed in the Report of the Trustees.
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