CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2022 (not subject to statutory audit) Company Registration No. 8047440 (England & Wales) Charity Commission Registered Charity No.1157077 •ABEXSLIW* 1811012022 COMPANIES HCiJSE Al1
CENTRE FOR HEALTH AND THE PUBLIC fNTEREST (CHPI) (A company limited by guarantee) Cornpany No. 8047440 Charity No. 1157077 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 ST MARCH 2022 (not subject to statutory audit) CONTENTS Legal and Administrative Information Trustees Re ort Inde endent Examiner's Re ststement of Financial Activities Balance Sheet Notes to the Financial Statements 10 11
CENTRE FOR HEALTH AND IHE PUBLIC NTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 LEGAL AND ADMINISTRAMVE INFORMATION Other Names Used: CHPI, The Centre ststus: CHPI is a Gharitable company limited by guarantee, incorporated on 26 April 2012. On 16" May 2014 CHPI was entered onto the Charity Commlssion Register of Charitles. Registered Office: The Brick Yard (fornierly Grayston Centre). 28 Charles Squaro, London N1 6HT Banker5: 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 Guddi Singh Dr Jonathon Tomlinson Ms Sue Charteris lappointed S July 20211 Ms Lois Rogers (appointed S July 2021) Dr John Owens (resigned 22 April 2021) Dr David Mccoy (SIgned 2 March 2022) Executive Director: The day-to4ay management of CHPI is delegated to the Executive Director: Mr David Rowland Independent Exarniner: Ed Tombs
CENTRE FOR HEALTH AND THE PUBLIC TEREST (CHPD (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 TRUSTEES REPORT FOR THE YEAR ENDING 31ST MARCH 2022 The Trust8es present their report and financial ststements for the year ending 31. March 2022. Structure Governance and Management CHPI is constituted as a company limited by guarantee and is governed by a Memorandum and Articles of Association. In the event 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 exceeding £10. The Trustees have no beneficial interest in the company nor its activities and are not 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 articbs of association are.. to advance the education of the public in healih and social care policies to promote infomied debate and research for the public benefit in all aspects of that subject and to publish the useful results Principal Activities, Achievements and PerforTnance Building on our research activities during the pandemic we have Gontinued to hhlIght issues relating to the public interest in health and sctial care. In October 2021 our work examining the contract belween the NHS and the pnvate hospitsl sector during COVID was published in the form of a report 'For whose benefit - the contract beleen NHS England and the private hospital sector, in October 2021. It gathered significant press and media coverage. In January 2022 Our report on conflicts of interest in the health sector - Mapping Joint Venture Business Ventures in private health care - was ¢overed exclusively in the Guardian and was featured in 5 separate articles by the newspaper. In March 2022 we hosted an event at the Royal Society of Medicine entiued "Putting the Public Interest at the heart of health and soGial care policy making. Here we presenled our research to an audience made up of over 50 senior members of the medical profession. professional regulators. padiamentarians. patient Gampaigners and journalists.
CENTRE FOR HEALTH AND THE PUBLIC fNTEREST (CHPD (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 We have continued our study into the financial impact of COVID 19 on the care home sector with Warwick Business School and UCL and have presented initial findings to the All Party Parliamentary Group on Adult Social Care as well as to civil servants in the Departmenl of Health and Social Care. the Devolved Administrations and the National Audil Office. We have successfully rruited a new communications and media manager to help disseminate our work. Future plans and activities In the financial year March 2022 to March 2023 we will publish our research into the financial impact of COVID on the ¢are home sector- a two year research study in conjunction with WaThvick Business School and UCL We will hold an event at the Royal Society of Medicine in Autumn 2022 which will focus on patient safety in the private hospital sector following the lan Paterson case and the disproportionately high number of female patients affected by recent medical scandals. We will seek to highlight transparency and accountability issues with the provision of NHS privale patient units through research articles. blogs and work with media outlets. We will finalise our research into the new public health system in conjunction with the public health profession aTrJ will publish a final report on this in late Autumn 2022. We will continue to add to the resources of the organisation both in tems of raising additional funds as well as adding new members to the board of Trustees and seeking to build and expand our netwoth of supporters.
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHP (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 FINANCIAL REVIEW Income Voluntary income of £39.140 represents donations from individuals and trusts and has all been received to provide Core fvnding, representing a small increase on the previous years. Gift Aid income of £3,846 was claimed from HMRC for donations in the period from donors who have provided CHPI wtth a Gift Aid Declaration. An additional £2 was received in interest from HMRC on the amounts claimed. Income from charitable activities of £104,000 includes grant income received towards a grant-funded research project: and contract income received for work to deliver a second research project in line wilh CHPI'S ¢haritsble activities. Expenditure Expenditure is primarily made up of staffing costs for a Research Officer and Executive Director contracted to work full time throughout the majority 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. A new Reserves Policy was adopted in August 2021. which sets 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. At 31° March 2022 the general reserve held £89.542. amounting to around 10 months of operating expenditure. As such. Tfustees are budgeting to increase expenditure in the Goming year to draw down on the accumulated reserve level. The report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the board of Trustees on 4th October 2022 and signed on its behalf by: Jonathon Tomlinson Trustee
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guaranlee) Company No. 8047440 Charity No. 1157077 Independent Examiner's report to the Trustees I pOrt on the accounts for the year 31 March 2022. Respective r•sponsibilities of Trustees and examlner The Charity's Trustees (who a 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 peri(*J (under Section 144 (21 of the Charities Act 2011 (the 2011 Act)) and Ihat 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 ts not subject to audit under company law and is eligible for independent examination. it is my responsibility 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 examlner's report 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 charity 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 trustees 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 limtted to those matters set out in the 5taternents below. Independenl examiner's stalemenl 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 accordance with Section 386 and 387 of the Companies Acl 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 Ststement of Recommended Practice: Accounting and Reporting by Charities Have not been met" or (2) to which, in my opinion. attention should be drawn in order to enable a proper understand'ng of the accounts to be reached. 14.10.11 Ed Tombs CIMA.. Certificate of business accounting Tan-y-graig, Facmwn, Caemarfon, Gwynedd, LL55 3HD
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPD (A company limifrd by guarantee) Company No. 8047440 Charity No. 1157077 STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR TO 31ST MARCH 2022 (not subject to statutory audit) Restricted Unrestricted Funds Funds Total 2022 Total 2021 Not• Incoming Resources Voluntary Income 39.140 39,140 52.032 Income from charitable activities 50,(M)O 54,000 104,000 50.095 Gift Aid 3.846 6.412 Other income 9.578 Total Incoming Resources 96 988 14L988 Ilu Resources Expended Fundraising -6,646 -6,346 -8,382 Charitable activities 47.714 46,832 -94,546 -69,338 Governance -9,200 -9,200 -7,717 Total Resources Expended 2 379 -110 093 45 437 Net Incoming Resources 609 Transfers Net movement In funds The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
CENTRE FOR HEALTH AND THE PUBLIC IDtrEREST (CHPD (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 BALANCE SHEET AS AT 31°, MARCH 2022 (not subject to statutory audit) 31 Mar 2022 31 Mar 2021 Notes Current Assets Cash at bank and in hand Accrued Gift Aid Recoverable Total Current Assets 98.133 56,685 3,040 59,725 98.133 Credltors Amounts falliro due within one year 1,513 Net Current Assets 96.620 59,725 The funds of the charity Restricted Fund - Holding Government and Corporate Power to Account in the light of COVID 19 Designated Funds General Funds Total Charity Funds 7,078 4.792 10 89,542 96.620 54.933 59.725 For the year ending 3110312022 the company was entitled to exemption from audit under section 477 of the Companies Act 20C6 relating to small companies. Trustees. responsibilitkgs: the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the Trustees ackn¢xvledge their responsibilitres for complying wtth 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 4th October 2022 and signed on its behalf by.. Jonath•n Tomlinson Trustee
CENTRE FOR HEALTH AND THE PUBLIC rKfEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2022 (not subject to ststutory audit) 1. A¢¢ountlng Pollcies (al Basls of Accounting The financial statements have been prepared under the historical cost convention in accordance wth the Companies Act 2006 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in April 2013. (b) 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 eamarked by Trustees for a particular purpose. Restricted funds are su'ected to restrictions on their expenditure imposed by the donor. {c) Incoming resource All incoming resources are included in sLment of financial activities when CHPI is entitled to. and virtually rtain to receive. the income and the amount can be quantified with reasonable accuracy. (d) Resourcès Expended Expenditure is recognised 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 voluntary and contract income. Charitable èxpenditure comprises those costs incurred in the delivery of CHPI'S charitsble objects. It includes both costs that can be allocated directly to such activities and costs of an indirect nature neSSary to support them. Governance costs include costs associated with meeting the constitutional and statutory requirements of CHPI. io
CENTRE FOR HEALTH AND THE PUBLIC tNTEREST (CHPD (A cotnpany limited by guarantee) Company No. 8047440 Charity No. 1157077 2. Voluntary Income Unrestrlcted 2022 Reslrlcted 2022 Total 2021 Henry Tinsley David Owen Other Individual Donations < £2.5k 20,000 15,000 5,000 32.032 52,032 19.140 39,140 In the interests of transparency. CHPI has adopted a policy of indivKlually identifying all donations over £2.500 during Ihe course of the year. 3. Income from Charitable Activitles Unrestricted 2022 Restricted 2022 Total 2021 University of Warwick Joseph Rowntree Charitable Trust Social Care Institute for EXllence Transparency Intemational UK 54,000 50,000 12.500 15.000 13.295 50.095 $4,000 50.000 4. Resources Expended Allocation by fund Direct expenditure it8ms are allocated by fund according to the purpose of the expense. Staffing & overhead costs are re-allocated to the stricted fund for JRCT grant-funded project according to a project budget agreed with the funder. Exptndlture Total Holdlng Government and Corporate Power to Account in the light of COVID 19 Ggneral funds D1cl expenses Slaffin9 Overheads 420 2,629 100.421 45,168 55.253 6,622 2,126 4,496 Tolal expenditure allocation 109.868 47,714 62.378
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPD (A company limited by guarantee) Cofflpany No. 8047440 Charity No. 1157077 Allocation of expenditure to fundraising, charitablo activities and governance All expenditu 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 governance according to the nature of the expense. Staffing & overhead costs are re-allocated to these categories on the basis of estimated proportion of non-grant nded time spent on each activrty: 10OA fundraising, 750h charitable activities. and 150A governance. Exp•nditur• from g•n•ral funds Totsi Furbdrnising Charitsbl• Activities G0ManCe Direct expenses Staffing overfad5 371 2,020 238 S6.609 5,525110Dhl 450110tA* I 6.346 41.440 (7511AI 3.372 {751IAI 46,832 8,288 (15°hl 674 (15°Al 9,200 4.125 Total expendilure allocatlon 62.379 5. Trustee Remuneration, Expenses & Related Party Transactions No Trustees received any MUneratIon for their services. Total expenses of £547 vEre reimbursed to Trustees for food and travel costs during the period (2021- £0). No Trustee or other person related lo the charity had any personal interest in any contract or transaction entered inlo by the charity during the year. 6. Taxation No tax charges have arisen in CHPI. The vast majority of income is from grants. donations or contracts for public interest research and is applied for charitable purposes. 7. Gift Aid Recoverable Gift Aid was claimed and received from HMRC for all eligible donations in the year to 8th March 2022. leaving a negligible amount unclaimed at the year end. 8. Creditors: amounts falling due within one year £1,513 was owed across a number of unpaid invoices and expense claims at 31st March 2022. 12
CENTRE FOR HEALTH AND THE PUBLIC tKrEREST (CHPD (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 9. Purpose of Restrlcted Funds Funds reiVed from Joseph Rowntree Charilable Trust for a 24-month research project titled Holding Govemmenl 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 projecl bLKlget - vthich includes allocations for staff time and organisational overheads. 10. Purpose of Designated Funds Donations in the current or prior year have not been solicited wilh 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 and Research Officer were employed on a full b'me basis for the majority of the year. 12. Funds of the charity Balance at 31 Iafv 2021 Total Incorng FY 2022 Total expenditure FY 2022 Balance at 31 March 2022 R8$trleted funds JRCT Holding Govemment and Corporatg Power to Account in the IwJht ofCOVID 19 4.792 50.0(J) 47.714 7,078 Total restrlcted fvnds 4.792 50.LKIO 47.714 7.078 Oeslgnated fundg Unreslricted funds 54,933 96.988 62,379 89.542 Total funds 59.725 146,988 110.093 96,620 13