2022-10-31-accounts - Epsom Medical Research

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REGISTERED CHARITY NUMBER: 1101433

`Report of the Trustees and`

`Financial Statements`

for the Year Ended 31 October 2022

for

`EPSOM MEDICAL RESEARCH`

Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB

`EPSOM MEDICAL RESEARCH`

Contents of the Financial Statements
for the Year Ended 31 October 2022

	`Page`
`Report of the Trustees`	`1 to 2`
`Independent Examiner's Report`	`3`
`Statement of Financial Activities`	`4`
`Balance Sheet`	`5`
`Notes to the Financial Statements`	`6 to 10`
`Detailed Statement of Financial Activities`	`11`

`EPSOM MEDICAL RESEARCH`

`Report of the Trustees`

`for the Year Ended 31 October 2022`

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31October2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordance with
the FinancialReportingStandardapplicablein the UK and Republicof Ireland(FRS 102)(effective1  January
2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

TheobjectivesoftheEpsomMedicalResearchareinthefieldofresearchwithintheareas of
rheumatology, general medicine, inflammation, neuroscience and cancer.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities in the year`

The Charity supported research into the areas defined in its objectives during the year.

`FINANCIAL REVIEW`

`Reserves policy`

The Charity ensures it has sufficient reserves to cover any upcoming financial obligations.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrustandconstitutesan unincorporated
charity.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

85 Rydens Road
Elmbridge
Walton-on-Thames
Surrey
KT12 3AN

`Trustees`

Dr. L G Darlington
Ms S Kumar
K W D Ramsey

`Independent Examiner`

Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB

Page 1

`EPSOM MEDICAL RESEARCH`

`Report of the Trustees`

for the Year Ended 31 October 2022

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................
Dr. L G Darlington - Trustee

Page 2

Independent Examiner's Report to the Trustees of
Epsom Medical Research

`Independent examiner's report to the trustees of Epsom Medical Research`

I reporttothecharitytrusteesonmyexaminationoftheaccountsofEpsomMedicalResearch(the Trust)
for the year ended 31 October 2022.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').

I reportin respectof myexaminationof theTrust'saccountscarriedoutunderSection145of theAct and
incarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust 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 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.

Mr Ryan Cottington, ACA, FCCA

Sandison Lang Limited
2 St Marys Road
Tonbridge
Kent
TN9 2LB

Date: .............................................

Page 3

`EPSOM MEDICAL RESEARCH`

`Statement of Financial Activities`

`for the Year Ended 31 October 2022`

2022
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
62,000
EXPENDITURE ON
Charitable activities
Grants
44,207
Other
1,008
Total
45,215
NET INCOME
16,785
RECONCILIATION OF FUNDS
Total funds brought forward
(205,354)
TOTAL FUNDS CARRIED FORWARD
(188,569) 2021
Total
funds
£
47,105
37,276
1,645
38,921
8,184
(213,538)
(205,354)

The notes form part of these financial statements

Page 4

`EPSOM MEDICAL RESEARCH`

`Balance Sheet`

`31 October 2022`

2022
Unrestricted
fund
Notes
£
CURRENT ASSETS
Debtors
4
20,820
Cash at bank
229
21,049
CREDITORS
Amounts falling due within one year
5
(209,618)
NET CURRENT ASSETS/(LIABILITIES)
(188,569)
TOTAL ASSETS LESS CURRENT LIABILITIES
(188,569)
NET ASSETS/(LIABILITIES)
(188,569)
FUNDS
6
Unrestricted funds
(188,569)
TOTAL FUNDS
(188,569) 2021
Total
funds
£
8,420
14,496
22,916
(228,270)
(205,354)
(205,354)
(205,354)
(205,354)
(205,354)

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................
L G Darlington - Trustee

The notes form part of these financial statements

Page 5

EPSOM MEDICAL RESEARCH

Notes to the Financial Statements
for the Year Ended 31 October 2022

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCharitiesAct2011.Thefinancial statements
have been prepared under the historical cost convention.

`Income`

Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.

Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.

Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the  charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.

continued...

Page 6

EPSOM MEDICAL RESEARCH

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

`2. TRUSTEES' REMUNERATION AND BENEFITS`

Therewere no trustees'remunerationor otherbenefitsfor the yearended 31 October2022nor for
the year ended 31 October 2021.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31October2022norfortheyear ended
31 October 2021.

`3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`47,105`
`EXPENDITURE ON`
`Charitable activities`
`Grants`	`37,276`
`Other`	`1,645`
`Total`	`38,921`
`NET INCOME`	`8,184`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`(213,538)`
`TOTAL FUNDS CARRIED FORWARD`	`(205,354)`

continued...

Page 7

EPSOM MEDICAL RESEARCH

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
5.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income
6.
MOVEMENT IN FUNDS
At
1/11/21
£
Unrestricted funds
General fund
(205,354)
TOTAL FUNDS
(205,354)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
62,000
TOTAL FUNDS
62,000 2022
2021
£
£
20,820
8,420
2022
2021
£
£
208,610
208,610
1,008
19,660
209,618
228,270
Net
movement
At
in funds
31/10/22
£
£
16,785
(188,569)
16,785
(188,569)
Resources
Movement
expended
in funds
£
£
(45,215)
16,785
(45,215)
16,785

continued...

Page 8

EPSOM MEDICAL RESEARCH

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

`6. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At` `1/11/20` `£` `(213,538)` `(213,538)`	`Net` `movement` `in funds` `£` `8,184` `8,184`	`At` `31/10/21` `£` `(205,354)` `(205,354)`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Incoming` `Resources` `Movement` `resources` `expended` `in funds` `£` `£` `£` `47,105` `(38,921)` `8,184` `47,105` `(38,921)` `8,184`

A current year 12 months and prior year 12 months combined position is as follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`At` `1/11/20` `£` `(213,538)` `(213,538)`	`Net` `movement` `in funds` `£` `24,969` `24,969`	`At` `31/10/22` `£` `(188,569)` `(188,569)`

continued...

Page 9

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

`EPSOM MEDICAL RESEARCH`

`6. MOVEMENT IN FUNDS - continued`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`109,105`	`(84,136)`	`24,969`
`TOTAL FUNDS`	`109,105`	`(84,136)`	`24,969`

`7. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 October 2022.

Page 10

`EPSOM MEDICAL RESEARCH`

`Detailed Statement of Financial Activities for the Year Ended 31 October 2022`

`INCOME AND ENDOWMENTS` `Donations and legacies` `Donations` `Gift aid` `Legacies` `Total incoming resources` `EXPENDITURE` `Charitable activities` `Research salaries` `Research expenses` `Support costs` `Governance costs` `Accountancy and legal fees` `Total resources expended` `Net income`	`2022` `£` `49,600` `12,400` `-` `62,000` `62,000` `31,655` `12,552` `44,207` `1,008` `45,215` `16,785`	`2021` `£` `33,682` `8,423` `5,000`
		`47,105`
		`47,105` `32,300` `4,976`
		`37,276` `1,645`
		`38,921`
		`8,184`

This page does not form part of the statutory financial statements

Page 11