##
|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|
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|||||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|
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||||||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|
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|||||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|
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|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|
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|||||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|
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|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|
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||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|
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|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)|
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|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|
##
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|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|
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|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|
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|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.||||||