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2021-03-31-accounts

Trustees Dr R SAhearn
Dr N WAirey (Appointed 9 December 2021)
Dr N C Brooks
Dr V Nelson
Dr SJ Pedder (Appointed 9 December 2021)
Dr N DAScawn
Secretary D M A Chestnutt
Charity number 1149165
Company number 07986504
Principal address Education
&Training		 Centre
Whiston
Hospital
Warrington
Road
Prescot
Merseyside
L35 5DR
Registered office Education
&Training		 Centre
Whiston
Hospital
Warrington
Road
Prescot
Merseyside
L35 5DR
Auditor Lonsdale
& Marsh
7th Floor
Cotton House
Old Hall Street
Liverpool
L3 9TX
Bankers Natwest
Bank pic
Black Bull Branch
Longmoor
Lane
Liverpool
L9 OEG
Solicitors Brabners
LLP
Horton
House
Exchange Flags
I iverpool
L2 3YL
Investment advisors Charles Stanley &Co Ltd
25 Luke Street
London
EC2A 4AR

Page
Trustees'
report
Independent
auditor's		 report 5-8
Statement offinancial activities
Balance sheet 10
Statement
ofcash flows
Notes to the financial statements 12-20

Unrestricted Unrestricted
funds funds
2021 2020
Notes E
Income from:
Charitable
activities		 3 135,307 538,615
Investments 4 13,117 14,639
Total income 148,424 553,254
~Ed it
Raising funds 5 4,916 12,154
Charitable
activities		 6 214,407 501,879
Total resources expended 219,323 514,033
Net gains/(losses) on investments 11 107,333 (48,378)
Net movement
in		 funds 36,434 (9,157)
Fund balances at 1 April 2020 600,160 609,317
Fund balances at 31 March 2021 636,594 600,160

2021 2020
Notes 6
Fixed assets
Tangible assets 13 1,925 2,186
Investments 14 548,855 485,383
550,780 487,569
Current assets
Debtors 16 94,792 48,070
Cash at bank and in hand 16,063 92,686
Creditors: amounts falling due within 110,855 140,756
one year 17 (25,041) (28,165)
Net current assets 85,814 112,591
Total assets less current liabilities 636,594 600,160
Income funds
Unrestricted
funds		 636,594 600,160
636,594 600,160

2021 2020
Notes 6 6
Cash flows from operating activities
Cash absorbed
by operations		 21 (132,352) (94,615)
Investing activities
Purchase oftangible
fixed assets		 (1,249) (3,278)
Purchase of investments (46,426) (79,583)
Proceeds on disposal of investments 90,287 72,262
Investment income received 13,117 14,639
Net cash generated
from		 investing
activities 55,729 4,040
Net cash used
in financing		 activities
Net decrease
in cash and		 cash equivalents (76,623) (90,575)
Cash and cash equivalents at beginning ofyear 92,686 183,261
Cash and cash equivalents at end of year 16,063 92,686

3 Charitable
a		 ctiviti es
Course fees Course fees
2021 2020
E E
Course fees 135,307 538,615
4 Investments
Unrestricted Unrestricted
funds funds
2021 2020
E F
Income from listed investments 13,101 14,446
Interest receivable 16 193
13,117 14,639
5 Raising funds
Unrestricted Unrestricted
funds funds
2021 2020
E E
Fundraisin an ublicit
Advertising 4,916 12,154
4,916 12,154

Course Donations Total Course Donations Total
expenditure and grants 2021 expenditure and grants 2020
2021 2021f 2020
f		 2020
f.
Staff costs 158,976 158,976 162,009 162,009
Depreciation and
impairment 1,510 1,510 1,093 1,093
Courses 7,923 7,923 250,751 250,751
Rent 5,910 5,910 5,910 5,910
Insurance 1,262 1,262 1,269 1,269
Postage and stationery 419 419 7,832 7,832
ITcosts 7,099 7,099 6,400 6,400
Legal and professional
fees		 5,230 5,230 8,596 8,596
Investment management
fees 6,962 6,962 7,125 7,125
Sundry expenses 2,711 2,711 1,602 1,602
198,002 198,002 452,587 452,587
Grant funding ofactivities
(see note 7) 10,705 10,705 43,592 43,592
Share of governance costs
(see note 8) 5,700 5,700 5,700 5,700
203,702 10,705 214,407 458,287 43,592 501,879
Donations Donations
and grants and grants
2021 2020
f f
Grants to institutions (5 grants):
Education and training 1,870 10,350
General charitable funding 1,500 24,703
3,370 35,053
Grants to individuals (11grants) 7,335 8,539
10,705 43,592

8 Support costs Support costs
Support Governance 2021 Support Governance 2020
costs costs costs costs
E E E F F
Audit fees 5,700 5,700 5,700 5,700
5,700 5,700 5,700 5,700
Analysed between
Charitable activities 5,700 5,700 5,700 5,700

2021 2020
Number Number
Employment
costs		 2021 2020
6
Wages and salaries 146,746 154,846
Social security costs 6,291 5,184
Other pension costs 5,939 1,979
158,976 162,009

Net gains/( loss es)
on investments
Unrestricted Unrestricted
funds funds
2021f 2020
f
Revaluation of investments 108,619 (43,739)
Gain/(loss) on sale of investments (1,286) (4,639)
107,333 (48,378)

Tangible fix ed asset s
Fixtures, fittings &equipment
Cost
At 1 April 2020 10,354
Additions 1,249
Disposals (3,972)
At 31 March 2021 7,631
Depreciation and impairment
At 1 April 2020 8,168
Depreciation charged in the year 1,510
Eliminated
in		 respect of disposals (3,972)
At 31 March 2021 5,706
Carrying
amount
At 31 March 2021 1,925
At 31 March 2020 2,186

14 Fixed ass et investme nts
Listed Cash in Total
investments portfolio
E
Cost or valuation
At 1 April 2020 431,152 54,231 485,383
Additions 46,426 46,426
Valuation changes 108,619 108,619
Movement in cash (38,173) (38,173)
Disposals (53,400) (53,400)
At 31 March 2021 532,797 16,058 548,855
Carrying amount
At 31 March 2021 532,797 16,058 548,855
At 31 March 2020 431,152 54,231 485,383
2021 2020
E E
Investments
at fair value		 comprise;
UK fixed 59,216 66,564
UK equity 160,958 130,458
Overseas equity 249,913 164,854
Property 10,841
Alternative 40,666 38,393
Mixed 22,043 20,042
532,796 431,152
Fixed asset investments revalued
At the year end the investments had a cost ofE420,991.
15 Financial instruments 2021 2020
E E
Carrying amount of financial assets
Instruments
measured		 at fair value through profit or loss 532,797 431,152

16 Debtors
2021 2020
Amounts
falling due		 within one year:
Other debtors 1,100
Prepayments and accrued income 93,692 48,070
94,792 48,070
17 Creditors: amounts falling due within one year
2021f 2020
f
Other taxation and social security 3,536 3,602
Other creditors 456 107
Accruals and deferred income 21,049 24,456
25,041 28,165

21 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 2021 2020
F
Surplus/(deficit)
for the year		 36,434 (9,157)
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (13,117) (14,639)
I oss on disposal of investments 1,286 4,639
Fair value gains and losses on investments (108,619) 43,739
Depreciation
and impairment		 of tangible fixed assets 1,510 1,093
Movements
in working
capital:
(Increase)
in debtors		 (46,722) (42,788)
(Decrease)
in creditors		 (3,124) (77,502)
Cash absorbed
by operations		 (132,352) (94,615)
22 Analysis ofchanges
in net funds
The charity had no debt during the year.