2 8 APR 2025 REGISTERED COMPANY NUMBER: 04351567 IEngland and Wabs> REGISTERED CHARrrY NUMBER: 11J90471 Report ot the Trustees and Unaudited Financial Ststements for the Year Ended 31 July 2024 Pthertaft Hand Charity . J. Shapwtt & Co. Limited Chartered ACcntants Charter House. Wyvem Cwrt Stanr Way Derfoy DE216BF
Pulvertaft Hand Charity Contents of the FinanGial Stslements for the Ended 31 Juty 2024 Page Report of the Trustees 1 to 2 kndependent Examinerfs Report ststement of Financtal Activities Balance Sheet Notsg to the Financial SLitthi•nts 6 to 9 Dotslled Ststement of Financial Athitios 10
Pul¥e•laft Hand Charity for the Year End 31 July 2024 The trustees are pleased lo present their annual dKectors' report logether wth the i)nsoSdated finanaal statements of the ¢harity for the year ending 31 Juty 2024 which are akn prepared to meet Ihe rewirements for a direct, report arHI accANts for CompaniesAcl purposes. The financial statements compty with the Chaiities Act 2011, Ihe Companies A¢t 2006, the Memorandum arKI Artides of Association, and Ac(tsunting arKI RetKwling by Charibes: Statement of Recommended Prac11 applKable to charities pParIng their accoun15 in a(x0rdan wth the Finanaal ReFOr Standard applitbe li the UK and Republc of Ireland {FRS 102). OBJECTNES AND ACTIV Objectives and aims The object of the Chanty is that of promotirvJ and devekjping kn the beneffii of the wblc research into and educating almrt the causes and treatment of upper limb disabilities aThJ 11kes. ACHIEVEMENT ANO PERFORMANCE Charitable a¢tivitle5 Aside from the provision of courses there were nOher Charitab a(Jivilies during the year. Fundraising activitiès The Pulvertaft Hand Centre has continued to be very active in the year under review, Tunning courses. Movement of course$ online follong the covid-19 pandemic has enable a wider range of delegates to atiend courses, resulting in higher levels of income. The income from the courses Ix)vers the o)st of nnIng suth ¢XXJT5es and aL80 pays for various items of dinical equipmert, staff training. general office equipment etc. The main be¢Trary the research that is conducted wlhin the depaTlmen¢ the trust fvnds support research regstw and research therapy sesslons as well as a certain anv)unt of se(xelarial suppxxt during Ihe financial year. FINANCIAL REVEIV Prlnclpal funding sources The Charity is not in recdpt of any grant or funding from outside sour(gs, al income is from the ivities of o)urse provision. R••$ poucy The funds of thé ChaFity are administrated and appl by the trustees to effectivety meel the objectives of the Charity, ajhering where appTopnale to any restrictit)ns placed on srufic funds. Funds are relained to ènsure that the Charity can continue lo meet its objectives. Th8 balance of funds available al 31 Juty 2024 was £156,355 {2023: £150,336). Detall of cratIng ¢o$ts Included in Sundries are the following costs: Website and QpUter costs £6,797 STRUCTURE, GOVERNANCE AND MANAGEMEMT Governing document The tharity is ¢(lro118d by its goveming docurnenL a deed of trust, and (>xtstilutes a Imtted CoMny. limited by guararl8è. ag defined by the Companies Act 2006. The Charity is constiluled as a company limited by warantee, and Iherefore govemed by a memorandum and artths of associalion dated 11 January 2002. AJ direclors of the ciMnpary are alFA) trustees of the chanty for Charities Act purposps and there are no other tnjstees. The t%)ard has the power to apwjint addibona trustees as it ConderS fit lo do so. The tnJstee5 hokl regular meetings to monitor the progress of the chwity. Recruitment and appolntment of newtrustees The Trustees are eb¢ted and apwnted at the Charivs Annual General Meeting and a150 as vacancae5 arise. The trustees no financial interest in the company. Induction of the app)intee based upon the expertise of ea¢h ¢andidate. Organisation21 structure The affair5 of the Charity are governed by the both af d)arity. has establshed rukn kn the management and >trol of the charity's funds. Day to day management of affairs of the charity bs Ikkgated to Ihe offws, and to particular iThJividua¥ WIM) a responsble for Specif asFcts of the Ch$ operdth)ns. The trustees of the company constitute direthys for Companies Ad purposes. There are no other trustees. Those WI ha held office as tsustee in the period under review expl %yhere othpJww indicated are Sh ctt] page 2 ofthis rewt Rolatod pa05 The charity trustee appointed was Miss Kate Brovm, SUItat Hand Surgeon arp)nted 4th May 2023. Page 1
Pufvertaft Hand Charity Report of the Trustees forthe Year Ended 31 Juty 2024 REFERENCEAND ADMINISTRATIVE DEfAILS Registered Cjmpany number 04351567 {ErgLqnd and Walos) Registered thrity number 1090471 Registered olice Chartw House Wyvem Court Slanier Way Wyvem BUSISS Park Derby Derbyshire DE216BF Trustees Duiing the N under review the trustees were.. C Hera&P P G Russel Miss T C Hor&)n RCWaTd A Selby TRCres K Brown Consuttant Hand Surgec Consultant Hand Surgeon Consultant Hand Surgeon Independent Truslee Research Manager Consullant Hand Surgeon Consullant Hand Sw (Opwnl ¢M10512023) Ind¢pendertExaminor Mrs K F Shatwtt FCA M. J. Shapo)tt& Co. Limited Chartéred Allountanls Charter Hous8, weM C(xJrt Stanr Way Derby DE2168F Bankers The Coopwafve Bank pk 1 Bdloon Street Manthesl M60 4EP NabNest Group 36 Sl AndrgNSquare Edinburgh EH2 2YB Approved by order of the t#)ard of trustees on 25 AFYII 2025 arKI sign&1 on ils behalf by: C Heras-PabJ- Trustee Page 2
IndoWnI Examinofs Report to th• Tntsteos of Puhertaft Hand Charlty Independent examIne$ report to tho trustees ol Pufvertaft Hand Charity (Ihe Compan I rewrt to ihe Larity trustees on my examinatK)n oflhe accnts ofthe Company for the year ended 31 July 2024. ResponsibIlleS and basls of report As the Gharity's trustees of the Company {and 81s0 its threctors for Ihe puypjses of (Thipany law) you are res$ tr the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 A¢t). Having sabsfied myself that the accounts of Ihe Company are not required lo be audited under Part 16 of the 2006 Ad and are eligible for independent examination. I report in respect of my examination of tharitls atrounts as carried out under SectDn 145 of the Charities AGt 2011 Ilhe 2011 Act). In carryirKJ out my examina1 I have fo)w8d the thrections given by the Charity Commissi[ under Saction 14515) (b) of the 2011 ACL Independènt examiner's statement I have completed my examination. l u)nfimi lh no matters have come to my attenlion in connection ¥th Ihe examination giving me cause to believe.. 8(tiiimting rècords were not kept in reSpt oflhe Company as ruIred by Section 386 ofthe 2006 ACL. or the accounts th rnt acrJ)rd wtth tIK)se records,. the accounts th) not comply wtth the ae¢ounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts givè a true and fair VWhlch is not a matter Csidered as part of an independent examination; or the accounts have not been prepared in aco)rdanc wth the methods and principles of the Stslement of Recomffthded Pra¢kn. for accounting and reFK)rting by charities lapplicab16 to thatilies preparing Iheir a¢wunts in accordan¢e wth Ihe Finanual ReKM)rtbng Standard applicable in the UK and Rewtlic of Irela1 (FRS 102)). I have no concems and have come across no olh8r mattets in ndIOn with Iha eXnation to whth attention shoukl be drawn in this report in orderto enable a proper Understandi of accounts to be read*d. Mts K F Shapcott FCA M. J. Shapcott & Co. Limited Chartered Accountants Charter Hous8, Wyvem Court Stanier Way DeY DE216BF 25 April 2025 Pa9e 3
Pul¥ertaft Hand Charity Statement of Flnanclal Acllvltl•s (Incoryx>rating an Income and Expendtiwe A¢¢ount) for the Year Ended 31 July 2024 2024 2023 Tot81 funds nd Notes INCOME AMD ENDOWMENTS FROM Donations * kgacies 3.251 Charitable a¢ttvitles General 113.908 126,557 Total 117,159 126,557 LXPENDrruRE ON Raising furKts 51,349 48.943 Charitsble *llvltles General 56,811 50,137 Total 111.160 99,080 NET INCOkf 5,999 27,477 RECONCILL4fioN OF FUNDS Totsj funds thgm fomard 150.336 122.859 TOTAL FUNtS CARRED FORWARD 156,335 150.336 Page 4
PY•rtaft Hand Charity Balante Sheet 31 July 2024 2024 Unrestricted fund 2023 Td21 furnd5 Notes CURRENT ASSErs stocks Cash at bank and in hand 170.157 157.300 170,657 157,300 NET CURRENT ASSETS 170,657 157,3(X) TOTAL ASSETS LESS CURRENT UABILtnES 170,657 157,300 ACCRUALS AND DEFERRED INCOME (14,322) 16,964> NET ASSETS 156.335 150,336 FUNDS Unrestrictad funds 156,335 150.336 TOTAL FUNDS 156,335 150,336 The charftabk company Is entiued to exempthl trl audit under 471 of the Companies Ad 2006 for the year ended 31 July 2024. The members h8ve not requlr8d the (x)mpany lo obtain an audit of ils ffinancial sialements for the year ended 31 Juty Z]24 in accondan(E wth Section 476 of the Companies Act 2006. The trusttes acknowkdg8 Iheir resp)nsiblllties for (a) ensuring that ts charitatAé Company keeps &cx)unting recoTds 1hat Sections 386 and 387 of the Companies Act 2006 and preparing financial statements wthith give a true and fair vw of the state of affairs of the chaiitalAe company as at the end of each financial year and of its Surplus or 4Jeficil for eath finanaal year li accordance with the requirements of S&ction$ 394 and 395 and whh othewise compty wth the reqUIren of th8 Companies Act 2006 relating to fnancial slalemenls, so far as applicable to charitable cJ)mpany. Ib} These financial statements have been prepared in accixdance with tho provisi 4plcable to charitat48 CoMpanS subpd lo th8 small compaThes regime. The finan¢kal statements were approved by tr Board of Tnjstees arNI aulJKfyrised ts issue on 25 April 2025 and were signed on its behalf by.. C Heras-PalcAs - Trustee The ncrtes form part of these financial statements Page 5
Pufvortaft Hand Charity Not•s lo the Financial statts torthe Year Ended 31 July 2024 ACCDUNTWG POLICES Baw of prnparing the financial statéménts The Inanual statements of the chanlable company, which ts a pubk benefit entity under FRS 102, have bèen prepared in accordance bmth the Charitses SORP {FRS 102) Accounting and Reporbng by Charities: Stalement of Recommended prac applicable to charities weparing ther accounts In accordance with the Financial ReF)Orting Standard applicable in the UK arKI Repubfic of Ireland {FRS 1021 (effe¢kn"ve 1 January 2019>.. Financial Repong Standard 102 'The Financial Rwting Standard applicable in the UK and Republc of Irelan¢Y and Ihe C(Thpanies Act 2006. The finanaal slalements have been prepared under the hirical (x)s1 )nven1K)n. wesentstion Curren ofthe ffinarmxal Staten is the P0d stIng {£). IncorTr2 Donattons, legacies and slmllar in¢omTng Te50urces These are included in the Statement of Financial Activities (SOFA) when: The tharity becomes entitled to the donati. or similar irKome and any conditions for receipt are me(. The $teeS are reasonabty c£rtain they will retive i(. and The trjstees are reasonabty certain that the vakne can be reliably measured. T rnclaims on donations and glfts Incoming iesources from tax claims are induded on the SOFA as they are retelved from the Inland Revenue when apFable. kn¢¢ming resources from fund ratslng are reped gross in the SOFA. Gifts in klnd for sah or distsibuti¢)n These are in¢bJded in ts aux)unts as gifts onty when sold or distributed by the tharity. Gifts in nd are a¢(x)unted for at a reaswabl8 estimate of their value lo the charity or the amount received. Gifts In kind for use by the charity These are inckjded in the SOFA as in(y)ming resr¢e$ when re1¥able. rtarqlble Income {¢g donated fxililies) This B onty iluded In In(xJmir¥ resr Iwith an equivalent anM)unt in resourc8s expended) where another party is beariro the financial cost of the res(MJrces YJpp1 and the benefft Is quantifiable, receivaile and material. Intangible incorre is vakted at tha ILwér of cost bom8 by the party bearin9 the cost and a reasonabl6 estimats of thè value of th8 donalon to thè charity. Vdunteor help The Yalue of any vOnteer hdp reIved is not in the accounts. Inveslment income This ald ary associated tax uedit is I1thed in the a(x>)unts vh)en re¢eivabk. Liabibt'es are recognised as exndthre as So( as Ihere is a legal cw n$tctIve obtytion committing the Charity to that eXPeitUre. it is probable that a transfer of eu)nomic beneffts wl be required in settkment and the amount of the oblpjab'on can be measured reliab. endFlUre is accounted for on ab acctuaLs basis and has been classified under headngs that aggregate al o)st related to catewry. Where sts nn0t be directly attritxjted to partÈcular headings they have been alkx3ted to tt¥leS on a basis C(S4$tent with the use of resour. Grants offered subject to conditKJn5 which have not been met at th8 year end date are noted as a commitment but not ac{Ld as expendiiure. Stocks Stock% are vakFed at the kr of c05t and net reatsab value. after MakN due aknvance obsolete and sk)w rmving ite. Taxalon The tharity is ex•mptfrom corKKTrbon lax charitable aCtivitS. Fundxcountlng urYeYted funds can be used in tran wilh tr tharttdle obJe¢tives at the dis(xetton ofthe twstees. RestrrAed funds can th be used for resblcted wrposes objects of the dlIty. Restsictions arise WSpecified by th8 donor orwhen fvnds are raised lor partrJJlar restrirted puryws. continued...
Putlwtaft Hand Charity Notes to the Flnancial Statements. conlknued forthe Year Ended 31 July 2024 ACCOUrING POLICIES - continued Fund acu)unting Further explanation of the nature and purp)se of each fund inckned in the notes to the financial statements, TRUSTEES. REMUNERATION AND BENEFrrs The were rN) trustees. remuneration or oth¥ beneffts for the year ended 31 Juty 2024 nor for the year ended 31 July 2023. Trustees. expenses There we no trustees. expenses paid for the year ended 31 July 2024 the year ended 31 July 2023. COMPARATIVES FOR THE STATEMEpif OF HNANCIAL ACTMllES UnS'Cted fund INCOME AND ENDOWMENTS FROM Charitable a¢tivities Gen8ral 126,557 EXPENDITURE ON Raising furKIs 48,943 Charftable aclivilios General ,137 Totsl 99.080 NEf INCOME 27,477 RECONCILIATION QF FUNDS Total fvnds broughi forward 122,859 TOTAL FUNDS CARRIED FORWARD 150,336 ST¢XKS 2024 2023 stocks 500 ACCRUALS AND DEFERRED INCOME 2024 2023 A(xnJals and deferred income 14.322 6,964 Page 7 ¢ntinued...
Pufvertaft Hand Charity forthe Year Ended 31 July 2024 MOVEMENT IN FUNDS At 31.7.24 At 1.823 in fvnds UNostri¢ted funds General fund 150.336 156,335 TOTAL FUNDS 150.336 5.999 156,335 Nel ny)vemenl in funds, induded in Ihe aPy)ve are as folknys: InconMrKJ resoUS Movement in funds eXpded Unrestricted funds G1 fund 117.159 (111,160) 5,999 TOTAL FUNDS 117,159 (111.1601 5,999 C(Nwfatives for m0ment in funds movement in fund$ At 31.7.23 At 1.822 vnrthrkt funds Genwal fiJrKI 122,859 27,477 150,336 TOTAL FUNDS 122.859 27.477 150,336 Curyarative net movement In fvnds, inclxled in the above are as ftAkh¥&' InrnIng resources Resour¢es expended Movement in funds Unrestricted fvnds Gen¥al fund 126,&57 {99.080) 27,47T TOIIL FUNDS 126,557 {99,080) 27.477 A mnt year 12 rrK)nths and prioryear 12 months combined powiw is as foth)ws: [rvement in funds At 31.724 At 1.822 Unrestricted funds Gwal fund 122.859 33,476 156,335 TOTIL FUNDS 122,859 33.476 156,335 Page 8 )ntinued...
Putvertaft Hand Chartty Notss to the Flnancial Statements. conlinued forthe Yèar Ended 31 Juty 2024 MOVEMENT IN FUNDS- continugd A wrrent year 12 nN)nths 2nd prior year 12 nM>nth9 Ix>mbined net rnvement in tund4 induded in the above are as fokn5'. Resources Moven*nt expended in fuTS Incoming resources Unrestricted funds General fund 243,716 (210.240) 33,476 TOTAL FUNDS 243,716 (210,2401 33,476 RELATED PARTY DISCLOSURES There were no related party transadiCS forthe year erKJed 31 Juty 2024. CAPITAL GUARANTEE Each mwnber has undertaken to conln'bule io the assets of the c¢Jmpany i) Ihe event of Ihe same being wound um swh amwnt as may be required not exceeding £10. INDEPENDENT EXAMINERS REMUNERATV)N Fe8s payabb to the Charitys independent examiner for tho indewdent examinalion.. £342. Foes payabk to the Chartvs indep8ndent examirw for acwuntary and other $iCe$. £1.230. Page 9
Put¥ertaft Hand Charity Detalled Statement of FIna ActlvHI•s forthe Year Ended 31 Juty 2024 2024 2023 INCOME AMD ENDOWMENTS Donati¢ns and kgacles Donations 3,251 Charitable thltlos Course fees 113.908 126.557 Total incoming resourte5 117.159 126,557 EXPENDtfuRE Other trading actiyitles Cost of o)use proviS)n 54,349 48,943 Charitsble adivities Postage and Stathery Sundries Equipment rep8ir and repl8(*m8nts Grants lo inSttIOnS 3.434 25,465 1,239 25,1HX) 4.501 18,998 25,(KM) 55.138 48,499 Support ¢¢xts GovernarK¢ costs Accounlary and bgal fees 1.673 1,638 Totsl resourw expwKled 111,160 99,080 Net In¢om¢ 5,999 27,4TT This page does Mrtfomi part ofthe statrrty fin081 statements Page 10