HINHAMvro SURGERY HARITABLE TRUST FIN NCIAL STATE ENTS FOR THE YEAR ENDED 31" JULY 2024 R¢gi$tered Charity Number: 1125063 SHER MrrcHELL FISHER & CO. LIMITED Aeeountants ad Registered Auditors Smith House George Street Nailsworth Stroud Glos GL6 OAG
MtNCHINHAMpfoN SURGERY CHARITABLE TRUST tNANCIAL STATEMENTS FOR THE YEAR ENDED 31" JULY 2024 CONTENT Ito3 Report of the Trustees Report of the Independent Examiner Income And Expendtture Account Statement of Financial Activities Balance Sheet 8t09 Notes to the Financial Statements
MINCHINHAMPTO]Y SURGERY CHAIUTABLE TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31" JULY 2024 The Trustees, present their report with the unaudited financial statements of the charity for the year ended 31 July 2024. REFERENCE AND ADMINISTRATIVE INFORMATIOIY The purpose of the charity is to provide benefit to the patients of Min¢hinhampton Surgery and other5 residing within three mile5 of Minchinhampton. The following Trustees served during the year: Mrs A Neal Chair of Trnstees Dr A Simpson Dr J Beard Mr J Howes Mrs S Lamb Mrs F Englefield Hon Secretary Hon Treasurer The day to day admintstration of the Charity was undertaken by the treasurer. Mrs F Englefield. The main agents for the charity are: Bankers.. Lloyds TSB plc 12 Rowcroft Stroud GL5 3BD Independent Examiner- Shiner Mitchell Fisher & Co. Smith House George Street Nailsworth GL6 OAG STA TEMENT OF TRUSTEES RESPoNsIBlTIEs The trustees are responsible for preparing the Trustees Report and the accounts in accordance with applicable land and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Policies). The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the trustees are required to select Suitable aceounting policies and then apply them consistently. observe the methods and principals in the Charities SORP. make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained the accounts. and prepare the accounts on the going concern basis unless it is inappropriate to presurne that the charity will continue in operation. The Tnsstees are ponsIble for keeping sufficient accounting records that disclose wilh reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 201 l and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemin cument The Charity. which is a Charitable Incorporated Organisation with registered charity number.. 1125063, is governed by its Constttution.
MINCHINFIAMFfoN SURG ERY CHARITABLE TRUST TRUSTEES, ANNUAL REPORT CONTIINUED FOR THE YEAR ENDED 31°, JULY 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT COLYTINUED... Recruitment and A ointment of Trustees The charity trustees for the purposes of charity law are known as members of the Management Committee. Under these requirements one third of the trustees are elected each year to serve for a period of five years after which they must stand down and offer themselves for re-election at the next Annual General Meeting. As a needs led ¢harity, the Tnjstees are selected to offer a wide range of skA115 and experience ihat are of benefjt to the charity. Trustees Induction and Trainin AII trustees are made familiar with the work of the Charity and the requirements of the Charities Act. New trustees take part in an induction process that introduces them to the purpose of the Charity and the workings of the venue. It covers: The obligations of trustees The main documents which set out the operational framework for the charity The operation and management of the trusts activities. Resourcing and ihe current financial position as set out in the latest published aeeounts Future plans and objectives k Mana ment The Trustees have conducted a review of major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate. systems or procedures have been established to mitigate the risks the charity faces. Internal control risks ar¢ minimised by the tmplementation of procedure5 for authori5ation of all transactions and projects. anisational Structure The trustees meet regularly and are responsible for the Strategic direction and policy of the charity together with the review of the various projects currently being undertaken. OWECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The Trust aims to provide benefit of patients from time to time of Minchinhampton surgery and for other people residing within three miles of Minchinhampton towards relieving, either generally or individually, persons who are sick, convalescenL disabled, haiidicapped. infimi or are in conditions of nee(L hardship or distress. The Trust a150 Strives for the advancement of the education of the public in the preservation and protection of good health along with supporting other charities whose obj¢cts enable them to provide substantially the same benefits as the Trust. ACHIEVEMENTS AND PERFORMANCE The trust is pleased with its efforts during thi5 financial year and looks to the future to both providing more help and support along with providing a5SlStance in the proposal of buildTng a new surgery on the Cirencester Road. FINANCIAL REVIEW The charity is a not-for-profit organisation and Telle5 upon its reserves to facilitate fftts costs of providing services to the patients of Minchinhampton. It relies on fundraising and donations for any additional activities. The trustees do not have any concerns regarding the financial position of the Charity. Reserves Polic Trustees of Minchinhampton Surgery Charitable Trust have benchmarked the reserves level at three months of unrestricted core costs. This will ensure that the charity is able to function for three months without income. This covers core staffing for the acupuncture. Yu Go. Extend and counsellin8 clinics.
MINCHINHANwfoN SURGERY CHARITABLE TRUST TRUSTEES, ANNUAL REPORT CONTINUED FOR THE YEAR ENDED 31" JULY 2024 PLANS FOR FUTURE PERIODS The plans for the immediate future is to support the Surgery in its ambitious plans to build a new Surgery for the patients of the community. Thi5 will provide state of the art facilities for the community and also allow the trnst to build on its existing offering to the patrons. The team continue to work incredibly hard and with passion to deliver excellence and brtng joy to our community. to continue to develop the financial stability. and to ensure that additional support is available to everyone within the local area. We would like to thank everyone who continues to accompany us on this journey. RESPONSIBILITIES OF THE MANAGEMENT COMMIThEE Charily law requires the Management Committee to prepare financial statements for each financial year that give a true and fair view of the state of affairs iTrf the Charity as at the balance sheet date 2nd of the incoming resources and application of resources, in¢luding income and expenditure. for the financial year. In preparation of those financial statements, the Managernent Committee should follow best practice and- Select suitable accounting policie5 and apply them consistently Make judgements and estimates that are reasonable and prudent" and Prepare the financial slatements on the going concern basis unless it is inappropriate to assutne that the charity will continue on that basis The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Financial Reporting Sthndards. The Managetnent Committee is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Members f the Mana emeni Committee Members of the management committee who are trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page l. In accordance WAth charity law, as the charity's trustees. we Certify that-. So far as we are aware. there is no relevant infomiation of which the charity's examiners are unaware; and As the Trustees of the charity we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's examiners are aware of that infonnation. Signed on behalf of the Management Committee A Neal Chair Date
INDEPENDENT EXANItNERS REPORT TO THE TRUSTEES OF IVllNCHINHAMvfoN SURGERY CHAIUTABLE TRUST FOR THE YEAR ENDED 31" JULY 2024 Respective responsibilities of trustees examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 201 I Charities Act). and that an independent examination has taken place instead of an audit. A dispensation was requested from the Charities Commission a5 per Regulatioii 31 {D for the prior financial year and this WRS granted on 4 January 2024. l am qualified to undertake the examination by being a qualifjed member of the Chartered Association of Certified Accountants. Having satisfied myself that the charity is not subject to audit under company law, or othenvi5e, and ts eligible for independent examination. it 15 my responsibility to.. • examine the accounts under section 145 of the 2011 Charities ACL + to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 201 I Charities Act, and • to state wheiher particular matteTS have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Cominission. An independent exaTnination includes a review of the accounting records kept by the Charity and a compari50n of the a¢counts presented with those records. It also includes Consideration of any unusual iterns or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matter5 set out in the next statement. Independent examiner's statement In connection with my examination. no matter has come to my attention.. which gives me reasonable ¢ause to believe that in any material respect the requirements: • To keep accounting records in accordance with section 386 of the Companies Act 2006 and • To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accountlng and Reporting by Charities have not been met or 2. to whiGh, in my opinion, attention should be drawn in order to enable a proper understanding of the a¢counts to be reached. SHfNER MITCHELL FISHER & CO. LTD Independent Examiner Date Smith House George Street Nailsworth Stroud Glos GL6 OAG
MllYCHINHAMPTON SURGERY CHARITABLE TRUST INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31" JULY 2024 Note 2024 2023 INCOME 34,015 1,780.912 EXPENDITURE Administrative and operating expenses 35,008 1,787.014 1787014 (6.102) NET INCOMING RESOURCES (993) Interest receivable 424 SURPLUS/(DEFICIT) OF INCOME OVER EXPENDITURE BEFORE TAXATION 7.793 (5,678) Taxation RETAINED SURPLUS/(DEFICIT) FOR THE YEAR AFTER TAXATION
MINCHINHAMPTON StJRGERY CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31°, JULY 2024 2024 Total Funds 2023 Total Futtds Note Unrestricted Funds Restricted Funds INCOME RESOURCES Donations Received Charitable activities 22,763 22,763 1,774.823 Total Income 42 801 36 EXPENDITURE Charitable activities Other 29,547 29,547 1,784.032 Total Expenditure 35 008 30 Net incoming resour¢e5 before transfer5 7,793 (5,678) (5,678) Gross transfers between funds Net Income 7.793 7.793 (5,678) Net Movement in Funds 7.793 7.793 (5,678) Total funds brought forward Totsl funds carried forward
mcHIl¥HA]lPT0N SURGERY CHARITABLE TRUST BALANCE SHEET AS AT 31" JULY 2024 Note 2024 2023 CURRENT ASSETS Debtors Cash at bank and in hand 260,000 1139 890 1,399,890 173 919 173,919 CREDITORS: Amounts falling due within one year 1327 572 NET CURRENT ASSETS Long tem) liabilities NET ASSETS 80,111 72J18 RESERVES General Funds TOTAL FUNDS 72 The Charity's const&ttEtion does not require the charity to obtain a voluntary audit of its financial statements for the year ended 31 July 2024. The Tru5tee5 acknowledge their responsibilities for.. (a) ensuring that the charity keeps accounting records which comply with the Charities Act 2011 and (b) preparlng financial statements which give a true and fair view of the slate of affairs of the charity as at the end of each financial year and of its profit and loss for each financial year in accordance with the requirements of the Act relating to financial statements, so far as applicable to the charity. The financial statements on pages 5 to 9 were approved by the board of Trustees and signed on its behalf by: 14.4-. LS Dr A Simpson Trustee Date
MINCH1NHATr0N SURGERY CHAIUTABLE TRUST NOTES TO THE FIN CIAL STATEMENTS FOR THE YEAR ENDED 31" JULY 2024 ACCOUNTING POLICIES The principal accounting policies are summarised below. The accounting policies have been applied onsistenily throughout the year. Basis of accounting The financi&l statements have been prepared in ac¢ordance with Aecounting and Reporting by Charities: ststement of Recommended Practtce applicable to charitie5 preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republftc of Ireland {FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the ternis of an appeal. Incoming resourees All incoming resources are included in the statement of finaT]cial activities when the charity is entitled to the n¢ome and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary income 15 received by way of grants. donations and gifts and is included in full in the Sialement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perforniance by the charity, are recognised when the charity become5 unconditionally entitled to the grant. The value of donated services and facilities provided by volunteers has not been included in these accounts. Investment income is included when receivable. tncoming resources from charilable trading activity are accounted for when earned. Incoming resources from grants, where related to perfonnance and specific deliverables. are accounted for as the charity earns the right to consideration by its perforn)ance. Resources expanded Expenditure is recognised on an accrual basis as a liability is incurred. Costs of generating funds are those costs incurred in attracting voluntary income. and those incurred in trading activities that raise funds. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both ¢osts that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the Charity and include the audit fees and costs linked to the strategic management of the charity. All cosls are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. others are apportioned on an approprimte basis eg. Staff costs per time spent and other costs per their usage. Taxatio The Charity is a registered charity and is not liable for any income, Capital gains or corporation taxes on its current activilie5.
MINCHINHAMPTON SURGERY CHARITABLE TRUST NOTES T THE FINAN L STATEMENTS FOR THE YEAR ENDED 31°, JULY 2024 MANAGEMENT AND ADmlSTRATIoN 2024 Total Funds 2023 Tot41 Fuuds Unrestricted Funds Restricted Funds General administration costs Legal & Professional costs 5,461 5,461 2,982 No r¢muneration was received by the Trustees during the year. 3. DEBTORS Amounts falling due within one year: 2024 2023 Gift Aid Recoverable Accrued Incorne 260 000 260 000 4. CREDrfoRS Amounts falling due within one year: 2024 2023 Other Creditors Accruals and Deferred Income 908 1327 572 5. ANALYSIS OF FUNDS 2024 Total Funds 2023 Total Funds General Funds Restricted Funds {a) Movement ID funds At 151 August 2023 Net incoming/(outgoing) resources At 31. July 2024 72,318 72.318 77.996 72 (b) Representation of fund balances Cash and bank balances Current assets Current liabilities At 31" July 2024 81.637 92.282 173.919 1,139,890 260,000 1327 572 72