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|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|||||
||||Warrington
Road|||||
||||Prescot|||||
||||Merseyside|||||
||||L35 5DR|||||
|Registered||office|Education
& Training||Centre|||
||||Whiston
Hospital|||||
||||Warrington
Road|||||
||||Preseat|||||
||||Merseyside|||||
||||L35 SDR|||||
|Auditor|||Lonsdale
& Marsh|||||
||||509-510 Cotton Exchange|||||
||||Bixteth Street|||||
||||Liverpool|||||
||||L39LQ|||||
|Bankers|||Natwest
Bank pic|||||
||||Black Bull Branch|||||
||||Longmoor
Lane|||||
||||Liverpool|||||
||||L9 OEG|||||
|Solicitors|||Brabners LLP|||||
||||Horton House|||||
||||Exchange Flags|||||
||||Liverpool|||||
||||L2 3YL|||||
|Investment||advisors|Charles Stanley|&Co Ltd||||
||||55 Bishopgate|||||
||||London|||||
||||EC2N 3AS|||||
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|||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|
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|||||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|
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|||||||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|
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|||||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|
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|||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|
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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2021|
|||||F||
|Fundraisin|and|ubl'|i|||
|Advertising||||4,360|4,916|
|||||4,360|4,916|
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|||||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
||Movenients
in working capital:||||||
||Decrease/(increase)
in debtors
(Decrease)
in creditors||||88,700
(669)|(46,722)
(3,124)|
||Cash generated
from/(absorbed
by) operations||||60,586|(132,352)|
|22|Analysis ofchanges
in net funds||||||
||The charity
had no debt during
the year||||||
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