| Trustees | Dr RS Abeam | ||||||
|---|---|---|---|---|---|---|---|
| Dr N WAirey | (Appointed | 9 December 2021) | |||||
| Dr N C Brooks | |||||||
| Dr V Nelson | |||||||
| Dr SJ Pedder | (Appointed | 9December 2021) | |||||
| Secretary | D MAChestnutt | ||||||
| Charity | number | 1149165 | |||||
| Company | number | 07986504 | |||||
| Principal | address | Education 8,Training |
Centre | ||||
| Whiston Hospital |
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| Warrington Road |
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| Prescot | |||||||
| Merseyside | |||||||
| L35 5DR | |||||||
| Registered | office | Education & Training |
Centre | ||||
| Whiston Hospital |
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| Warrington Road |
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| Preseat | |||||||
| Merseyside | |||||||
| L35 SDR | |||||||
| Auditor | Lonsdale & Marsh |
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| 509-510 Cotton Exchange | |||||||
| Bixteth Street | |||||||
| Liverpool | |||||||
| L39LQ | |||||||
| Bankers | Natwest Bank pic |
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| Black Bull Branch | |||||||
| Longmoor Lane |
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| Liverpool | |||||||
| L9 OEG | |||||||
| Solicitors | Brabners LLP | ||||||
| Horton House | |||||||
| Exchange Flags | |||||||
| Liverpool | |||||||
| L2 3YL | |||||||
| Investment | advisors | Charles Stanley | &Co Ltd | ||||
| 55 Bishopgate | |||||||
| London | |||||||
| EC2N 3AS |
| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Independent auditor's |
report | 5-7 |
| Statement of financial | activities | |
| Balance sheet | ||
| Statement ofcash flows | 10 | |
| Notes to the financial | statements | 11-19 |
| Unrestricted Unrestricted |
Unrestricted Unrestricted |
||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| Notes | E | f | |||
| f | |||||
| Charitable activities |
3 | 168,989 | 135,307 | ||
| Investments | 4 | 13,176 | 13,117 | ||
| Total income | 182,165 | 148,424 | |||
| E n i ureon: |
|||||
| Raising funds | 4,360 | 4,916 | |||
| Charitable activities |
6 | 225,425 | 214,407 | ||
| Total expenditure | 229,785 | 219,323 | |||
| Net gains/(losses) | on investments | 11 | 23,637 | 107,333 | |
| Net movement | in | funds | (23,983) | 36,434 | |
| Fund balances at 1 April 2021 | 636,594 | 600,160 | |||
| Fund balances | at | 31 March 2022 | 612,611 | 636,594 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | f | ||||||
| Fixed assets | |||||||||
| Tangible assets | 13 | 87,789 | 1,925 | ||||||
| Investments | 14 | 528,137 | 548,855 | ||||||
| 615,926 | 550,780 | ||||||||
| Current assets | |||||||||
| Debtors | 6,092 | 94,792 | |||||||
| Cash at bank | and | in | hand | 14,965 | 16,063 | ||||
| 21,057 | 110,855 | ||||||||
| Creditors: amounts one year |
falling | due within | 17 | (24,372) | (25,041) | ||||
| Net current (liabilities)/assets | (3,315) | 85,814 | |||||||
| Total assets | less | current | liabilities | 612,611 | 636,594 | ||||
| Income funds | |||||||||
| Unrestricted | funds | 612,611 | 636,594 | ||||||
| 612,611 | 636,594 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from/(absorbed by) operations |
21 | 50,586 | (132,352) | ||||
| Investing | activities | ||||||
| Purchase | oftangible fixed assets |
(109,215) | (1,249) | ||||
| Purchase | of investments | (27,518) | (46,426) | ||||
| Proceeds Investment |
from disposal of investments incmnu received |
71,873 13,176 |
90,287 13,117 |
||||
| Net cash investing |
(used in)/generated from activities |
(51,684) | 55,729 | ||||
| Net cash | used in financing | activities | |||||
| Net decrease in cash and |
cash equivalents | (1,098) | (76,623) | ||||
| Cash and | cash equivalents | at beginning | ofyear | 16,063 | 92,686 | ||
| Cash and | cash equivalents | at end of | year | 14,965 | 16,063 |
| Course fees | Course fees | ||
|---|---|---|---|
| 2022 | 2021 | ||
| 2 | E | ||
| Course fees | 168,959 | 135,307 | |
| 4 | Investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2022 | 2021 | ||
| 6 | E | ||
| Income from listed investments | 13,176 | 'I3,101 | |
| Interest receivable | 16 | ||
| 13,176 | 13,117 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| F | |||||
| Fundraisin | and | ubl' | i | ||
| Advertising | 4,360 | 4,916 | |||
| 4,360 | 4,916 |
| Course | Donations | Total | Course | Donations | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| expenditure | and grants | 2022 | expenditure | and grants | 2021 | ||||
| 2022 | 2022 | 2021 | 2021 | ||||||
| f | f | F | f | ||||||
| Staff costs | 155,642 | 155,642 | 158,976 | 158,976 | |||||
| Depreciation | and | ||||||||
| impairment | 23,351 | 23,351 | 1,510 | 1,510 | |||||
| Courses | 2,228 | 2,228 | 7,923 | 7,923 | |||||
| Rent | 5,910 | 5,910 | 5,910 | 5,910 | |||||
| Insurance | 785 | 785 | '1,262 | 1,262 | |||||
| Postage and | stationery | 348 | 348 | 419 | 419 | ||||
| ITcosts | 7,957 | 7,957 | 7,099 | 7,099 | |||||
| Legal and professional | fees | 4,940 | 4,940 | 5,230 | 5,230 | ||||
| Investment | management | ||||||||
| fees | 7,531 | 7,531 | 6,962 | 6,962 | |||||
| Sundry expenses | 5,639 | 5,639 | 2,711 | 2,711 | |||||
| 214,331 | 214,331 | 198,002 | 198,002 | ||||||
| Grant funding | ofactivities | ||||||||
| (see note 7) | 5,094 | 5,094 | 10,705 | 10,705 | |||||
| Share ofgovernance | costs | ||||||||
| (see note 8) | 6,000 | 6,000 | 5,700 | 5,700 | |||||
| 220,331 | 5,094 | 225,425 | 203,702 | 10,705 | 214,407 |
| Donations | Donations | |||
|---|---|---|---|---|
| and grants | and grants | |||
| 2022 | 2021 | |||
| 6 | 8 | |||
| Grants to | institutions | (1 grants): | ||
| Education | and training | 661 | 1,870 | |
| General charitable | funding | 1,500 | ||
| 661 | 3,370 | |||
| Grants to | individuals | (15grants) | 4,433 | 7,335 |
| 5,094 | 10,705 |
| Support c | osts | ||||
|---|---|---|---|---|---|
| Support | Governance | 2022 | 2021 | ||
| costs | costs | ||||
| E | F | ||||
| Audit fees | 6,000 | 6,000 | 5,700 | ||
| 6,000 | 6,000 | 5,700 | |||
| Analysed | between | ||||
| Charitable | activities | 6,000 | 6,000 | 5,700 |
| Employment costs |
2022 | 2021 |
|---|---|---|
| E | E | |
| Wages and salaries | 142,902 | 145,746 |
| Social security costs | 7,394 | 6,291 |
| Other pension costs | 5,346 | 5,939 |
| 155,642 | 158,976 |
| Net gains | /(losses) | o | n investments | ||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| E | E | ||||
| Unrealised | gain/(loss) | of investments | 10,534 | 108,619 | |
| Realised | gain/(loss) | on sale of investments | 13,103 | (1,286) | |
| 23,637 | 107,333 |
| 13 | Tangible fixed assets | Tangible fixed assets | ||||
|---|---|---|---|---|---|---|
| Fixtures, | Computer | Total | ||||
| fittings a | software | |||||
| cquipmcnt | ||||||
| 8 | ||||||
| Cost | ||||||
| At 1 April 2021 | 7,631 | 7,631 | ||||
| Additions | 109,215 | 109,215 | ||||
| At 31 March | 2022 | 7,631 | 109,215 | 116,846 | ||
| Depreciation | and impairment | |||||
| At 1 April 2021 | 5,706 | 5,706 | ||||
| Depreciation | charged | in the year | 1,508 | 21,843 | 23,351 | |
| At 31 March | 2022 | 7,214 | 21,843 | 29,057 | ||
| Carrying amount |
||||||
| At 31 March | 2022 | 417 | 87,372 | 87,789 | ||
| At 31 March | 2021 | 1,925 | 1,925 |
| Listed | Cash in | Tolal | ||
|---|---|---|---|---|
| investments | portfolio | |||
| 5 | ||||
| Cost or valuation | ||||
| At 1 April | 2021 | 532,797 | 16,058 | 548,855 |
| Additions | 27,518 | 27,518 | ||
| Valuation | changes | 10,534 | 10,534 | |
| Movement | in cash | 9,574 | 9,574 | |
| Disposals | (68,344) | (68,344) | ||
| At 31 March 2022 | 502,505 | 25,632 | 528,137 | |
| Carrying | amount | |||
| At 31 March 2022 | 502,505 | 25,632 | 528,137 | |
| At 31 March 2021 | 532,797 | 16,058 | 548,655 |
| 14 | Fixed asset | investments | investments | (Continued) | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 f |
2021f | |||||||||
| Investments | at fair value comprise: | |||||||||
| UK fixed | 68,724 | 59,216 | ||||||||
| UK equity | 137,491 | 160,958 | ||||||||
| Overseas equity |
227,304 | 249,9I3 | ||||||||
| Alternative | 47,985 | 40,666 | ||||||||
| Mixed | 21,001 | 22,043 | ||||||||
| 502,505 | 532,796 | |||||||||
| Fixed asset | Investments | revalued | ||||||||
| At the year end the investments | had a cost | off379,681 (2021 - F420,991). | ||||||||
| 15 | Financial instruments |
2022f | 2021 | |||||||
| Carrying amount of |
financial assets | |||||||||
| Instruments measured |
at fair valve through | statement | of financial | activities | 502,505 | 532,797 | ||||
| 16 | Debtors | |||||||||
| Amounts falling due |
within one year; | 2022f | 2021 | |||||||
| Other debtors | 4,700 | 1,100 | ||||||||
| Prepayments | and accrued | income | 1,392 | 93,692 | ||||||
| 6,092 | 94,792 | |||||||||
| 17 | Creditors: amounts | falling due | within one year | |||||||
| 2022 | 2021 | |||||||||
| f | f | |||||||||
| Other taxation | and social security | 3,620 | 3,536 | |||||||
| Other creditors | 385 | 456 | ||||||||
| Accruals and | deferred | income | 20,367 | 21,049 | ||||||
| 24,372 | 25,041 |
| 21 | Ch |
|||||
|---|---|---|---|---|---|---|
| as generated from operations |
2022 | 2021 | ||||
| f | f | |||||
| (Deficit)/surpus for the year |
(23,983) | 36,434 | ||||
| Adjustments for: |
||||||
| Investment income recognised in statement offinancial (Gain)/loss on disposal ofinvestments Faii value gains and losses on investments Depreciation and impairment oftangible fixed assets |
activities | (13,176) (13,103) (10,534) 23,351 |
(13,117) 1,286 (108,619) 1,510 |
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| Movenients in working capital: |
||||||
| Decrease/(increase) in debtors (Decrease) in creditors |
88,700 (669) |
(46,722) (3,124) |
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| Cash generated from/(absorbed by) operations |
60,586 | (132,352) | ||||
| 22 | Analysis ofchanges in net funds |
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| The charity had no debt during the year |