REGISTERED COMPANY NUMBER.. 5148471 REGISTERED CHARITY NUMBER: 1104538 Rtport of the Trustees #nd Unaydited Financial Statements forthe Year Ended 31 July 2021 Ted Adams Trust Limited Azet5 Chartered Accountants Ashcombe Court Woolsack Way Godalrning Surrey GU71LQ Ted Adams Trust Limited Contents of the Financial Statements for the Year Ended 31 July 2021 Page Report of the Trustees Ito3 Independent Examiner's Report Statement of Financial Activities Balance Sheet 6t07 Note5 to the Financial St3tements 8t012 Detalled Statement of Finantial Activities 13 Ted Adams Trust Umited Report of the Trustees for the Year Ended 31 July 2021 The trustees who are also director5 of the charity for the purpose5 01 the Comp&nies Act 2006. present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopte(I the provi5ion5 of the Statement of Recommended Practice ISORPI 'Accounting and Reporti￿6 by Charities, IFRS1021 in preparin8 the annual report and financial statements of the charity. REFERENCE AND ADMINISTRATIVE DETAILS Re8istered Company number 5148471 Re8lstered Charoty number 1104538 Reglstered offlce Ashcombe Court Woo15ack Wav Godalming Surrey GU7 ILQ Trustees Ms R J Bryant Mrs B K Stokes Mrs A V Whelan MT A C Higgitt Mrs T Hughes Mrs D Skidmore MrPWFell Independent examiner Mark Leigh FCA CA Azets Audit Services Limited Chartered Accountants Ashcombe Court Woo15ack Way Godalming Surrey GU7 ILQ Bankers CAF Bank 25 Kings Hill Avenue West Malling ME19 4JQ STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity Is controlled by its governing document, a deed of trust, and constitutes a limited company, limited bv guarantee. a5 defined by the Companies Act 1985. The or8anisation is a charitable company limited by guarantee, incorporated on 8 lune 2004 and re815tered as a charity on 24 June 2(X)4. The company was established under a Memorandum of A550ciation whith established the objects and powers ol the charitable company and is governed under it5 Articles tsl Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10. Page I Ted Adams Trust Lirnitéd Report of the Trugtees for the Year Ended 31 July 2021 STRUCTURE. GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees Under the requirements of the Memorandum and Articles of Association the Directors are etected to Serve lor a period of three years after which they must be re-elected at the next Annual General Meeting. The minimum nurnber ol Directors is three. The 8oard seeks to ensure that they have the requisite skills between them to run the charitatsle companv. Indyrtion and tyaining of newtrullees Most Director5 are alre3dy familiarwith the practical work of the orgallisation. New Directors are given 3 sho¢ informal training session to familiari5e themselve5 Wlth the charity and the context within which it operates. This covers.. The obligations of Directors. The main documents which set out the operational framework for the charitable cornpany including the MemorandLJm and Articles. Resourcing and the current financial position as set out in the latest published accounts. Future plans and objectives. Organisational structure The day to day runnin8 of the residence for students of nursin8 and midwifery has been subcontracted out to Simply Let in the year which 5pecialises in runnin8 this type ol accommodation. The Director5 are responsible for the strate8lC dirertion and policy of the charitable company and meet as regularly as necess3ry. The property containing the accomrnodètion is Ted Adams House. The leasehold interest in this property was given to the Trust by the Roy31 Surrey County and St. Luke's HosPlta15 National Health Trust. Rbsk mana£ement The Directors have produced a risk assessment of the major risks to which the charitable company 15 exposed and are takin8 Steps to mitigate those risks OBJECTIVES AND ACTIVITIES Objectives and aims The principal objectives of the charitable company are.. al the provision of actlnued At 31 July 2021 The charitable company is entltled to e¥emption from audit under Section 477 of the Companies Art forthe year ended 31 Juty 2021. The members have Th)t requlred thetharitable companyto obtsin an audit of its financi315tatements forthe yearended 31 July 2021 in attordance with Section 476 of the Companie5 Act 2006. The trustee5 acknowledge thelr responsibilities for.. lal ensurin8 that the charitable company keep5 accoufttin8 records that comply WFth Sections 386 and 387 of the Companies Acl 2￿6 and preparlng financial statements which g4vÈ a true and fair view of the state of 3ffairs of the charitable companv as at the end of each financ*al year and of its surplu5 or deficit for each financial year in accordance with the requirements oFSections 394 and 395 and which otherwise Comply with the requirements of thé Companies Act 2￿6 relating to financial statements. so far as applicable to the charitable company. Ibl These financial statements have been prepared in accoldan￿ with the special provtsions of Part 15 of the Companies Act 2CQ6 relattng to small charitable cornpanies and with the Financial Reporting Standard applrcable in the United Kingdom and Republic of Ireland IFRS1021. The financial statements were approved by the Board of Tntstees on behalf by-. and were si£ned on its Ms R J Bryant-Trustee The notes form part of these financial statements Page 7 Ted Adams Trust timited Notes to the Financial Statements for the Year Ended 31July 2021 ACCOUNTING POLICIES Accountinz ¢onvention The accounts (financial statement51 have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reportin8 by Charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic ol Ireland IFRS10212" edition issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic ol Ireland IFR51021 and the Charities Act 2011 and UK Generally Accepted Practice. Golng contein We have paid particular attention to the likely effects on the charity ol the current Covid-19 outbreak and the trustees remain confident that sufficient fundirsg, and reserves, are in place ènd that the charity has adequate resources to enable it to continue as a going concern for the foreseeable future. Incoffling resources All incoming resources are intluded on the Statement of Financial Activities when the charity is legèlly entitled to the income and the arnount can be quantified with reasonable accuracy. Letting intome 15 reco8nised as it is receivable. Resources expended Expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be éirectly attributed to particular headings they have been allocated to activities op) a basis consistent with the use ol resources. Grants offered 5ubjert to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible Ilxed asstts Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Improvement5 to propertv Fixtures and fittings - IO% on cost - IO% on cost Taxatlon The charity is exempt from corporation tax on its charitable activities. Delrtoys and ¢redltors recelvablelpayable withln one year Debtor5 and creditors are recorded at the value of the invoice receivable/payable. 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 objett5 olthe charity. Restrictions 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. INVESTMENT INCOME 2021 2020 Deposit account interest 30 737 Page 8 Ted Adams Trusi Limited Notes to the Financial Statements- continutd for the Year Ended 31 July 2021 GRANTS PAYABLE 2021 2020 Grants payable 56,730 41,794 The total 8ranrs paid to institutions ¢Yuring the year was as follows.. 2021 2020 Support and training of student nurses 2,8(X) 2,550 Grants made to individuals in 2021 are analysed as follows.. W Nocchiero L Harper V Saravia S Thorpe N Langridge T McAllister PEG Insertion course Independent/Supplementary Prescribing MA Education for Health Professionals PG Cert Education for Health Professionals Independent/Supplementary Prescribing Independent/Supplementary Prescribing Neonatal Life Support R S Leonoras Advanced Scrub Practitioner Course C R de Gar5ton-Webb Advanced Paediatric Life Support course M D Villamor Understsndin8 Cardiology for Nurses and AHPS M D Villamor The ECG Workshop K Junio-Gamianga Advanced Scrub Prattitior+er Course C Miss Hannah Tennant Travel costs E Tauyanoago BSC Nursing Studies Refugee Care Preventing Child Sexual Exploitatio Msc Healthcare Practice Introdurtion to Counsellin8 Skills Student Nurse Scholarship 500 1,400 2,(X)O 3,300 1,400 1,400 200 1,995 2.200 280 280 1,995 22 2,000 4,169 347 1,960 354 3,000 N Smith B l Ramirez E Ctsnnold J Roake rri I Shipp R Berry C Panton F Hopkin5 K E Norris T Lewin-Taylor K Baut15ta S Sarmiento E Lewis Kjayne B J Ramirez M J Paynes R Johnstone M L Lewis Sturlent Nurse Scholarship Health Assessment Access to Nursing and Midwifery Advanced Management of Lymphoedema Msc Palliative and end of life care Msc E Research Methods Advallced Scrub Practitioner Course C Advanced Scrub Practitioner Course C European Certificate in Pallative Care Advanced Scrub Practitioner Course C MSC Healthcare Prattice Dissertation Advanced Scrub Practitioner Course C Lymphoedema Rehabilitation Programme linc. travel and accommodationl Pallative Care Foundation Course European Certificate in Pallative Care Advanced Scrub Practitioner Course C Prescribing for Nurses and Midwives Independent/Supplementary Prescribin8 PEG Insertion course Advanced Pain Management 3,000 I,ioo 3,384 1,020 3,555 1,056 1,995 1.995 450 1,995 2.500 1.995 1,830 200 225 1,995 2,028 11,4(X)I (SLK)) 14951 L Paudel L Greswell T McAllister Jon A M Moxon Total grants awarded to individuals 56.730 Page 9 Ted Adams Trust Llmited Notes to the Financial Statement5- continued for the Year Ended 31July 2021 ADMINISTRATIVE COSTS 2021 2020 Insurance Independent examination fee Bank char8es and interest 692 2,760 81 638 2,916 60 3,533 3,614 NET INCOMING RESOURCES Net resources are stated after charging.. 2021 2020 Depreciation- ownèd assets 7.850 7,748 TRUSTEES. REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020. Trustees. expenses No expenditure was reimbursed to the trustees in the year ended 31 July 2021 nor for the year end￿ 31 Julv 2020. TANGIBLE FIXED ASSETS Improvements to property Fixtures and Totals COST At l August 2019 Additions in the year 77,481 997 51.678 129,159 997 78,478 51.678 130,156 DEPRECIATION At l August 2020 Charge for year 41,266 7.850 51.678 92.944 7.850 At 31 July 2021 49,116 51,678 100,974 NETBOOKVALUE At 31 July 2021 29.362 At 31 july 2020 36,215 36.215 Page 10 Ted Adams Trust Lbmlted Notes to the Financial Statements- continued for the Year Ended 31 Jury 2021 OEBTORS.. AMOIJNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Other debtors 13,696 3.416 CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2021 2020 Other creditors 20,880 20.880 Included within other creditors and cash at bank is £18.0(X)12020.. £18,000) being held by the charity in relation to rental deposits. io. MOVEMENT IN FUND5-CURRENTYEAR Net movement in funds At 1.8.20 At 31.7.21 Unrestrlrted funds General fund 351.701 28.031 323,670 TOTAL FUNDS 351.701 28,031 323.670 Net movement in funds. included in the above are as follows= Incoming resources ReSoUr￿S Movement in expended funds Unrestricted fynds General fund 133.513 1161,5441 28.031 TOTAL MOVEMENT 133,513 1161,5441 28,031 Page 11 Ted AdamsTrust Limited Notes to the Financial Statements- tontinued for the Year Ended 31 July 2021 io. MOVEMENT IN FUNDS l¢ontlnuedl- PRIOR YEAR Net movement in funds At 1.8.19 At 31.7.20 Unrestrlrted funds General fund 330.026 21.675 351.701 TOTAL FUNDS 330,026 21.675 351,701 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 148.235 1126,5601 21,675 TOTAL MOVEMENT 148,235 1126,5601 21,675 ii. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2021 nor for the year ended 31 July 2020. ULTIMATE CONTROLLING PARTY The charity is controlled by the Trustees and Directors of Ted Adams Trust Limited. Page 12 Ttd Adams Trust Limited Detalled Statement of Flnan¢131 Activltles for the Year Ended 31 July 2021 2021 2020 INCOMING RESOURCES Investment income Deposit account interest 30 737 Incoming resource5 from charitable 3cii¥ities Residents, fees 131,294 139,648 other income Solar panel income 2,189 7.850 Total incomlng resources 133,513 148,235 RESOURCES EXPENDED Chailtèble actlvotieg Rates and water Insurance Light and heat Maintenance. cleaning and consumables BT lire alarm rental Telephone system rental and internet Management lee IT costs Administrator fees Legal and professional fees Sundry expenses Depreciation on irnprovements to property Grants to institutions Grant5 to individuals 3,438 2,496 8,610 37.809 5,359 7,764 19,556 180 2,475 2,681 13 7,850 2,800 56,730 4.634 2,438 10.105 21,055 4,593 2,809 20,225 506 2,811 3,900 78 7,748 2,550 39,244 157.761 122,696 Adminlstrailve ¢osts Insurance Independent examination lee Bank char8es and interest 692 2,760 81 638 2,916 60 3,533 3,614 Other resource5 expended Rent 250 250 Total resources expended 161.544 126.560 Net lexpendffiurellincome 128.0311 21,675 This page does not form part of the statutory financial Statements Page 13