CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2021 (not subject to statutory audit) Company Registration No. 8047440 (England & Wales) Charity Commission Registered Charity No.1157077 AAJKT49T 1811212021 COMPANIES HOUSE
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CENTRE FOR HEALTH AND THE PUBLIC tNTEREST (CHPI) (A company limited by guardntce) Company No. 8047440 Charity No. l 157077 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2021 (not subject to statutory audit) CONTENTS Legal and Administrative Information Trustees Re ort Inde endent Examiner's Re Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 11
CENThE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guardntee) Cornpany No. 8047440 Charity No. 1157077 LEGAL AND ADMINISTRATIVE INFORMATION Other Names Used: CHPI. The Centre Status: CHPI is a charitable company limited by guarantee, incorporatsd on 26th April 2012. On 16th May 2014 CHPI was entered onto the Charity Commission Register of Charities. Registered Office: The Brick Yard (forn)erly Grayston Centre). 28 Charles Square, London N16HT Bankers: Unity Trust Bank PIC Nine Brindley Place, Birniingham B1 2HB Trustees (also Company Directors): Trustees who have acted during the period of this report were: Prof Colin Leys Dr David Mccoy Dr Guddi Singh Dr Jonathon Tomlinson Dr John Owens (resigned 22 April 2021) Trustees who joined after the reporling period. but before the date of this report wern: Ms Sue Charteris (appointed 5 July 2021) Ms Lois Rogers (appointed 5 July 2021) Executive Director: The day-to4ay management of CHPI is delegated to the Executive Director: Mr David Rowland Independent Examiner: Ed Tombs
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 ChaTity No. 1157077 TRUSTEES REPORT FOR THE YEAR ENDING 31ST MARCH 2021 The Trustees present their report and financial statements for the year ending 315t March 2021. Structure Governance and Management CHPI is constituted as a company limited by guarantee and is govemed by Memorandum and Articles of Association. In the evenl of the company being wound up. all Trustees have guaranteed to contribute to the assets of the company as may be required to an amount not exedIng £10. The Trustees have no beneficial interest in the company nor its activities and are nol remunerated. New Trustees are appointed by way of a decision by the existing Trustees. Objectives and Activities Objects The objects of CHPI as set out in the company articles of association are.. to advance the education of the public in health and social care policies to promote informed debate and research for the public benefit in all aspects of that subject and to publish the usefijl results Principal Activities. Achievements and Perfomiance Since the outset of the COVID 19 pandemic the Centre. including tts Board members have played a role in providing expert commentary on the government's response to the pandemic. This work was published in a range of outlets including The Guardian, Tribune, the Financial Times, the British Medical Journal and the LSE Policy and Politics blog site, and our expertise was relied on across the broadcast media and also by Parliamentary Select Committees. Building on our work on the finances of the care home sector, in November 2020 the Centre provided consuftancy seryices to support the Dunhill Commission on Housing with Care, organised by the Social Care Institute for Excellence. In January 2021 the Cenlre worked wtth Transparency International in publishing rnajor report examining conflicts of interest in the English NHS. This research was used to inform the debate about the proposed changes to the governance of the NHS which are contained in the Health and Care Bill 2021. We have worked collaboratively with Warwick Universty and University College London to SUC$$fUl bid for funding from the Economic and Social Research Council (ESRC) to conduct research into the financial impact of COVID 19 on the care home sector. This major project brings together partners across social care from care home providers to trade unions and will produce a report which is
CENTRE FOR HEALTH AND THE PUBLIC fNTEREST (CFU)I) (A company limited by gLwantee) Company No. 8047440 Charity No. 1157077 designed to impact substantially on the policy debate about the future of the UK care home sector. We also successfully secured funding from the Joseph Rowntree Charitsble Trust's (JRCT) Power and Accountabilrty programme to examine the role of the UK'S private healthcare sector during the pandemic and also the accountability of the new public heafth structures which have been created by govemment to manage the UK'S currenl and future public health response. We began conducting this research at the start of 2021. During this period the Centre added two new Twstees to its Board and also recruited a new lead research manager. Plans for Future Periods The Centre's primary focus over the next 18 months will be on delivering the two major projects funded by the ESRC and JRCT noted above. This work began during the reporting year and is projected to continue through to December 2022. We will continue lo produce commentary and analysis on issues relating to the public interest, including conflicts of interest in the health SeiCe and the broader issues of probity, integrity, transparency and accountsbility within health and social care policy making.
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 FINANCIAL REVIEW Incom• Voluntary income of £52.032 represents donations from individuals and trusts and has all been received to provide core funding, represents'ng a small increase on the previous years. Gift Aid income of £6,412 was accrued on eligible donations up to 31 March 2021 from donors who have provided CHPI with a Gift Aid Declaration, such that this amount could be claimed from HMRC. Some of this arnount pertains to claims submitted to and received from HMRC after the 31 March 2021. Income from charitable activities of £50,095 includes grant income received towards a grant-funded research project", and contract income reiVed for work to deliver other research projects in line with CHPI'S charitable activities. Other income of £9,578 was received in the form of a government grant under the Coronavirus Job Retention Scheme. This grant VRS used to cover part of the cost of staff salaries for a short period of 2020 due to unrtaintieS over future income streams caused by the coronavirus lockdown. Expenditure Expenditure is primarily made up of staffing costs for a Research OffIr and Executive Director contracted to work full time throughoul the majorty of the year. Tolal staffing expenditure was down on the previous year due lo the Research Officer position being vacant for a part of the year. Reserves The Trustees recognise the need to hold reserves to protect the financial security of CHPI in the event of income shortfalls. The Trustees continually review the level of reserves to ensure sufficient funds are available before making any financial commitments. At 31 sl March 2021 the general reseNe held £54,932. amounting to around 8 ½ months of operating expendrture. A new Reserves Policy has been adopted in the period Sin the end of the reporting year, which sels out the intention to maintain a minimum of 3 months expenditure in reserve. and allocate additional funds available to furthering CHPI'S charitable work, or investing in future income generation. As such, Truslees will consider increasing expenditure in the coming periods to draw down on the accumulated reserve level.
CENlliE FOR HEALTH AND THE PUBLIC NfEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 The report has been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the board of Trustees on 7th December 2021 and signed on its behalf by: Colin Leys Trustee
CENTRE FOR HEALTH AND THE PUBLIC tNTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 Independent Examiner's report to the Trustees I report on the accounts for the year 31 March 2021. Respective responsibilities of Trustees and examiner The Charrty's Trustees (who are also the Directors for the purpose of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period (under Section 144 (2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. l am qualified to undertake the examination by being a qualified member of ICAEW. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibilty to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5) of the 2011 Act)., and to state whether particular matters have come to my attention. Basis of the independent examiner's rnport My examination was carried out in accordan with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as tnjstees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statements below. Independent examinerfs statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordan with Section 386 and 387 of the Companies Act 2006; and to prepare accounts which accord with accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Slatement of Recommended Practice.. Accounting and Reporting by Charities Have not been met; or (2) to which, in my opinion, attenlion should be drawn in order to enable a proper understanding of accounts to be reached. Ed Tombs CIMA." certrfa1e ofbusiness accounbng Tan-y-graig. Fachwen, Caemarfon, Gwynedd, LL55 3HD
CENTRE FOR HEALTH AND THE PUBLIC tNTEREST (CHPI) (A ¢ompany limited by guarantee) Company No. 8047440 Charity No. 1157077 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST MARCH 2021 (not subject to ststutory audrt) Restricted Unrestricted Funds Funds Total 2021 Totsl 2020 Note Incoming Resources Voluntary Income Income from charitable activities Grft Aid Other income Total Incoming Resources 52,032 52.032 48.873 37,595 50,095 45,000 6,412 6.412 7.471 9,578 9,578 29 105 617 118 117 101373 12,500 Resources Expended Fundraising Charitable activities Governance Total Resources Expended -8,382 -8,382 -14,289 1,630 -69,338 -71,444 -7,717 -7,717 -9,526 -77729 45437 -95259 -7.708 Net Incoming Resources Transfers Net movement in funds The statement of financial activities includes all gains and losses in the year. All incoming reSoUrS and resources expended derive from continuing activities.
CENTRE FOR HEALTH AND THE PUBLIC tNTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 BALANCE SHEET AS AT 31$¢ MARCH 2021 (not subject to statutory audit) 31 Mar 2021 31 Mar 2020 Notes Current Assets Cash at bank and in hand Accrued Gift Aid Recoverable Total Current Assets 56,685 3,040 59.725 27,854 1,992 29,846 Creditors Amounts falling due wrthin one year (2,801) Net Current Assets 59,725 27.045 The funds of the charity Restricted Fund - Holding Government and Corporate Power to Account in the light of COVID 19 Designated Funds General Funds Totsl Charity Funds 4,792 10 54,933 59,725 27,045 27.045 For the year ending 31103r2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees. responsibilities.. the members have not required the company to obtain an audit of its accounts for the year in question in accordan wilh section 476, the Trustees ad(nowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts, these accounts have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. Approved by the board of Trustees on 7th Dernber 2021 and signed on its behalf by: Colin Leys Trustee io
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2021 (not subject to statutory audit) 1. Accounting Policies (a) Basis of Accounting The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006 and the Statement of Recommended Practice: Accounts'ng and Reporting by Charities issued in April 2013. Ib) Fund Accounting Unrestricted funds are available for the use at the discretion of the Trustees in the furtherance of the companies charitable objectives. Designated funds are unrestricted funds earmarked by Trustees for a particular purpose. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. Incoming resource All incoming resources are included in the statement of financial activities when CHPI is entitled to, and virtually rtain to re1Ve, the income and the amount can be quantified with reasonable accuracy. (d) Resources Expended Expenditure is recogntsed on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered. and is reported as part of the expenditure to which it relates.. Costs of generating funds comprise costs associated with attracting voluntsry and contract income. Charitable expenditure comprise those costs incurred in the delivery of CHPI'S charitable objects. It includes both costs that can be allocated directly to such activities and costs of an indirect nature ne$sary lo support them. Governance costs include costs associated with meeting the constitutional and statutory requirements of CHPI.
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPD (A company limited by guardntec) Company No. 8047440 Charity No. 1157077 2. Voluntary Income Unrestricted 2021 Restricted 2021 Total 2020 Henry Tinsley David Owen Colin Leys Doctors for the NHS David Mccoy Susan Richards Other Individual Donations < £2.5k 15.000 5.000 2,000 2.000 12,500 5,000 3,000 3,000 3,000 22,373 48.873 28,032 52.032 In the interests of transparency. CHPI has adopted a policy of irKlividually identifying all donations over £2.500 during the course of the year. 3. Income from Charitablo Aetiviti•s Unrestricted 2021 Restricted 2021 Total 2020 Social Care Institute for Excellence Transparency International UK Joseph Rowntree Charitable Twst UNISON 15,000 13,295 30,000 12.500 15.000 37,595 12,500 45.000 12
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHP (A Company limited by guarantee) Company No. 8047440 Charity No. 1157077 4. Resources Expended Allocation by fund Direct expenditure rtems are allocated by fund according to the purpose of the expense.. Staffing & overhead costs are re-allocated to the restricted fvnd ft)r JRCT grant- funded project according to a project budget agreed with the funder. Expendlture Total Holdlng Government and Corporatè Power to Account in the MofCOVIO 19 General funds Direet expenses Staffing Overheads Tolal Resources Expended 692 79,944 4.801 85,437 692 73,299 3.738 77.729 6,645 1,063 7,708 Allocation of expenditure to fundraising, charitable activities and governance All expenditure from the restricted fund is for charitable activities to further the grant-funded project. For expenditure from general funds. direct expenditure items are allocated to expenditure categories for fundraising, charitable activities and goveman according to Ihe nature of the expense. Staffing & overhead costs are re-allocated to these categories on the basis of estimated proportion of time spent on each activity: 10% fundraising, 80% charitable activities, and 100/0 g0veman. Expenditur• Total Fundraising Charitable Activitie6 Governanco Direct expenses Staffing Overheads Total Resources Expended 692 73,299 3,738 77,729 679 7,3301100A1 37411 O¢Jknl 8.382 13 7,330110°kn1 3741100AI 7,717 58.639180Qkl 2,9901800> 61.630 S. Trustee Remuneration & Related Party Transactions No Trustees received any remuneration or reimbursernent for travel costs during the period. No Trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year. 13
CENTRE FOR HEALTH AND THE PUBLIC tNTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 6. Taxation No tax charges have arisen in CHPI. The vast majorty of income is from grants, donations or contracts for public interest research and is applied for charitable purposes. £15,000 of contract income in the year was deemed to be potentialty eligible for VAT, but as this level of income was well below the registration threshold of £85.000 no VAT was charged. 7. Accrued Gift Aid Recoverable Gift Aid Recoverable relates to accrued balance of Grft Aid claimable from HMRC in relation to individual donations from eligible donors up to 31 March 2021, which has been claimed and received since the balan SIet date. 8. Creditors: amounts falling due within one year There were no outstanding creditors at 31 st March 2021. 9. Purpose of Restricted Funds Funds received from Joseph Rowntree Charttable Trust for a 24-month research project titled Holding Govemment and Corporate Power to Account in the light of COVID 19 are held in a Restricted Fund. Expenditure is assigned to the fund in accordance with the agreed project budget - which includes allocations for staff time and organisats.onal overheads. 10.Purpo8e of Doslgnated Funds Donations in the current or prior year have not been solicited with an explicit purpose in mind, but for core operating costs. Therefore there is no designated fund in the current year. 11.Staff Costs and Numbers An Executive Director was employed on a full time basis for the majority of the year, with the exception of a period of furlough at the start of the pandemic when sectjrity of future funding was brought into question. A full-time Research Officer position was employed for the majority of the year, with the exception of a period of furlough at the slart of the pandemic, and a period when the position was vacant beiween appointrnents. 14