| Page | ||
|---|---|---|
| Reference and administrative details ofthe charity, |
its Trustees and advisers | |
| Trustees' report |
2-3 | |
| Independent examiner's report |
||
| Statement offinancial activities | ||
| Balance sheet | ||
| Notes to the financial statements | 7-16 |
| REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | DETAILS OF | DETAILS OF | THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|
| FOR THE | YEAR ENDED 30JUNE 2022 | ||||
| Trustees | G S Barham | ||||
| R P Colman | |||||
| Paul Nicolai | |||||
| Anish Sang hrajka | |||||
| J KTucker | |||||
| A N Wright | |||||
| Charity registered | The Orthopaedics | Charitable | Trust Fund | ||
| name | |||||
| Operating | name | The Orthopaedics | Trust | ||
| Charity registered | |||||
| number | 1110248 | ||||
| Principal | office | 5The Close | |||
| Norwich | |||||
| Norfolk | |||||
| NR1 4DH | |||||
| Accountants | Larking Gowen | LLP | |||
| Chartered Accountants |
|||||
| King Street House | |||||
| 15Upper King | Street | ||||
| Norwich | |||||
| NR3 1RB | |||||
| Bankers | Lloyds TSB | ||||
| Surrey Street | |||||
| Nonvich | |||||
| NR1 3NF | |||||
| Stockbrokers | Barratt 8 Cooke | ||||
| 5 Opie Street | |||||
| Norwich | |||||
| NR1 3DW |
| Unrestricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Note | E | ||||||
| Income and endowments | from: | ||||||
| Investments | 42,564 | 42,564 | 33,946 | ||||
| Total income and | endowments | 42,564 | 42,564 | 33,946 | |||
| Expenditure on: |
|||||||
| Charitable activities |
(34,766) | 564 | (34,202) | 165,339 | |||
| Total expenditure | (34,766) | 564 | (34,202) | 165,339 | |||
| Net income/(expenditure) before net (losses)/gains on investments |
77,330 | (564) | 76,766 | (131,393) | |||
| Net (losses)/gains | on investments | (4,572) | (33,719) | (38,291) | 101,584 | ||
| Net movement in |
funds | 72,758 | (34,283) | 38,475 | (29,809) | ||
| Reconciliation of |
funds: | ||||||
| Total funds brought | forward | 1,263,231 | 1,263,231 | 1,293,040 | |||
| Net movement in funds |
72,758 | (34,283) | 38,475 | (29,809) | |||
| Total funds carried forward | 72,758 | 1,228,948 | 1,301,706 | 1,263,231 |
| BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|
| AS AT 30JUNE 2022 | ||||||
| 2022 | 2021 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Investments | 1,293,687 | 1,434,509 | ||||
| 1,293,687 | 1,434,509 | |||||
| Current assets | ||||||
| Cash at bank and in hand | 119,413 | 83,000 | ||||
| 119,413 | 83,000 | |||||
| Creditors: amounts | falling due within one | |||||
| year | (93,739) | (236,623) | ||||
| Net current assets I | liabilites | 25,674 | (153,623) | |||
| Total assets less | current liabilities | 1,319,361 | 1,280,886 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 10 | (17,655) | (17,655) | |||
| Net assets excluding | pension asset | 1,301,706 | 1,263,231 | |||
| Total net assets | 1,301,706 | 1,263,231 | ||||
| Charity funds | ||||||
| Endowment funds |
1,228,948 | '/,263,231 | ||||
| Unrestricted funds |
72,758 | |||||
| Total funds | 1,301,706 | 1,263,231 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2021 | |||
| Dividend | income | 27,341 | 27,341 | |
| Bank income | 1 | 1 | ||
| Interest | bearing | securities | 6,604 | 6,604 |
| 33,946 | 33,946 |
| Grant | ||||
|---|---|---|---|---|
| funding of |
Support | Total | ||
| activities | costs | funds | ||
| 2022 | 2022 | 2022 | ||
| R | ||||
| Charitable | activities | (36,655) | 2,453 | (34,202) |
| Grant | ||||
| funding of | Support | Tota/ | ||
| activities | costs | funds | ||
| 2021 | 2021f | 2021 | ||
| Charitable | activities | 163,189 | 2,150 | 165,339 |
| 4. | Analysis ofgrants | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| NNUH - research into the CAPability study to evaluate patient outcomes |
|||||
| (IM) | 64,596 | ||||
| Oxford University Nuffield Department of Orthopaedics, Rheumatology |
|||||
| and Musculoskeletal Sciences - research into the use of mapping existing |
|||||
| ankle replacement data using worldwide national joint registries (TP) |
3,230 | ||||
| Cambridge University Department of Surgery - research into the reparative |
|||||
| potential of skeletal stem/progenitor cells from anatomically |
distinct sites | ||||
| (EA) | 12,420 | ||||
| UCL - research into the retrieval analysis of newly introduced implants |
|||||
| (HH) | 26,650 | ||||
| Enhanced Post Market surveillance ofAdditive Manufactured Orthopaedic |
|||||
| Implants (HH) |
7,365 | ||||
| Manchester University - research into tissue retrieval and analysis to |
|||||
| understand mechanisms offailure to cartilege repair surgeries (LB) |
32,398 | ||||
| Cambridge University Teaching Hospitals NHS Foundation |
Trust- | ||||
| research tnto the use ofaugmented shoulder arthroplasty, |
revealing | the | |||
| camouflaged data (MD) |
1,740 | ||||
| UEA Department of Biological Science for research into establishing |
|||||
| inhibition of MMP-14 as a viable therapeutic in Dupuytren's |
disease (MP) | 17,655 | |||
| Using Machine Learning to detect and predict loosening of |
the femoral | ||||
| component ofan uncemented total hip replacement (VP) |
4,309 | ||||
| University of Nottingham Department of Orthopaedics and |
Trauma- | ||||
| research into the outcomes following total hip replacement |
for trauma | ||||
| using NJR data (BM) | 1,740 | ||||
| Royal Devon and Exeter Hospital - 5year survivorship of total ankle |
|||||
| replacements (TJ) |
2,760 | ||||
| Grants withdrawn | (48,329) | ||||
| (36,655) | 163,189 | ||||
| 5. | Net incoming resourcesl (resources expended) |
||||
| 2022f | 2021 | ||||
| Independent examiners remuneration |
1,560 | 1,422 |
| Unrestricted | Endowment | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| Barratt 8 Cooke Nominee | Fees | 564 | 564 | ||
| Accountancy | & Independent | Exam fees | 1,560 | 1,560 | |
| Miscellaneous | expenses | 329 | 329 | ||
| Total 2022 | 1,889 | 564 | 2,453 | ||
| Unrestricted | Endowment | Total | |||
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| Barratt &Cooke Nominee | Fees | 528 | 528 | ||
| Accountancy | 8 Independent | Exam fees | 1,422 | 1,422 | |
| Clerks honorarium | 200 | 200 | |||
| Total 2021 | 1,622 | 528 | 2,150 |
| Listed | |
|---|---|
| securities | |
| Cost or valuation | |
| At 1 July 2021 | 1,434,509 |
| Additions | 224,101 |
| Disposais | (326,632) |
| Revaluations | (38,291) |
| At 30June 2022 | 1,293,687 |
| Net book value | |
| At 30June 2022 | 1,293,687 |
| Af 30June 2021 | 1,434,509 |
| 2022 | 2021 | ||
|---|---|---|---|
| Grant creditors | 92,179 | 235,201 | |
| Accruals and deferred | income | 1,560 | 1,422 |
| 93,739 | 236,623 |
| 2022 | 2021f | ||
|---|---|---|---|
| Grant | creditors | 17,655 | 17,655 |
| Statemen | t | offunds - cur | rent year | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at 1 | Gains/ | 30June | |||||
| July 2021 | Income | Expenditure | (Losses) | 2022 | |||
| E | E | f. | |||||
| Unrestricted | funds | ||||||
| General | Funds | 42,564 | 34,766 | (4,572) | 72,758 | ||
| Endowment | funds | ||||||
| Endowment | Fund | 'l,263,231 | (564) | (33,719) | 1,228,948 | ||
| Total of | funds | 1,263,231 | 42,564 | 34,202 | (38,291) | 1,301,706 |
| Statemen | t offun | ds - prior year | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | Transfers | Gainsl | 30June | ||||
| 1July 2020 | Income | Expenditure | inlout | (Losses) | 2021 | ||
| Unrestricted | |||||||
| funds | |||||||
| General | Funds | 33,946 | (164,811) | 125,652 | 5,213 | ||
| Endowment | |||||||
| funds | |||||||
| Endowment | |||||||
| Fund | 1,293,040 | (528) | (125,652) | 96,371 | 1,263,231 | ||
| Total of | funds | 1,293,040 | 33,946 | (165,339) | 101,584 | 1,263,231 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| Fixed asset investments | 64,739 | 1,228,948 | 1,293,687 |
| Current assets | 119,413 | 119,413 | |
| Creditors due within one year | (93,739) | (93,739) | |
| Creditors due in more than one year | (17,655) | (17,655) | |
| Total | 72,758 | 1,228,948 | 1,301,706 |
| Analysis ofnet assets between funds - prior y | ear | ||
|---|---|---|---|
| Unrestricted | Endowment | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| Fixed asset investments | 171,278 | 1,263,231 | 1,434,509 |
| Current assets | 83,000 | 83,000 | |
| Creditors due within one year | (236,623) | (236,623) | |
| Creditors due in more than one year | (17,655) | (17,655) | |
| Total | 1,263,231 | 1,263,231 |