CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by. guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2024 (not subject to statutory audit) Company Reglstratlon No. 8047440 (England & Wales) Charity Commission Registered Charity No. 1157077 AD18014H 18J12r2024 COMPANIES HOUSE A03
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CENTRE FOR HEALTH AND THE PUBLIC INTEtIEST (CHPI) (A company limited by suarantee) Company No. 8047440 Charity No. 1157077 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST MARCH 2024 (not subject to statutory audit> CONTENTS Legal and Administrative Information Trustees Re ort Inde endent Examiner's Re ort Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 11
.CENTRE FOR HEALTH AND THE PUBLIC INTEtIEST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 LEGAL AND ADMINISTRATIVE INFORMATION Other Names Used: CHPI. The Centre Status: CHPI Is a charltable company limited by guarantee, incorporated on 26 April 2012. On 16" May 2014 CHPI was entered onto the Charity Commisslon Register of Charltles. th Reglstered Office: Pelican House, 144 Cambridge Heath Road, London, E15QJ. UK (previously The Brlck Yard, 28 Charles Square, London N16HT) Bankers: Unity Trust Bank PIC Nine Brindley Place, Blrnilngham 81 2HB Trustees (also Company Dlrectors): Trustees who have acted during the period of thls report were: Dr Jonathon Tomlinson (Chair) Prof Colin Leys Dr Guddi Singh Ms Sue Charteris Ms Lois Rogers Prof David Evans Ms Emma Watkins Executive Director: The day-to-day management of CHPI is delegated to the Executive Dlrector: Mr David Rowland Independent Examiner: Ed Tombs
CENTRE FO.R HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440" Charity No. 1157077 TRUSTEES REPORT FOR THE YEAR ENDING 31ST MARCH 2024 The Trustees present their repo.rt and financial statements for,the year ending 31" March 2024. Structure Governance and Management CHPI is constituted as a company limited by guarantee and is governed by a Memorandum and Articles of Association. In Ihe 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 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 useful results Prlnclpal Actlvltles, Achlavements and Performance Over the past year we have made the public, the media and policy makers aware of a number of public interest issues. In April 2023 we published our research into the financial impact of COVID on the UK care home sector conducted in conjunction with Warwick Busine.ss School and University College London. The report was covered widely on the BBC and in the Guardian. In June 2023 our research into the .changes to the public health structures in England after the COVID 19 pandemic was published and covered by the Times newspaper. In September 2023 we worked with BBC Newsnight to examine the impact of inflation on NHS Private Finance Iniliative contracts and published a detailed report on this issue. In March 2024 ive carried out a joint investigation with the Guardian into companies generating profits.from the delivery of healthcare to people who had been raped or sexually abused.
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 In December 2023 we were appointed core participants in the COVID 19 Public Inquiry as part of a coalition with Transparency International, Spotlight on Corruption and the Open Contracting Partnership. In March 2024 we published a report into the outsourcing of NHS eye care services which was covered on BBC Newsnight. In March 2024 we held a public event in Manchester to discuss the rise of for-profit healthcare in the UK, which was attended by around 100 people, including academics, members of the"medical profession, students and campaign groups. Future plans and activities We will hold further public events throughout England, including in Birmingham and Bristol in order to engage with members of the public and to raise awareness of the issues covered in our research. We will provide detailed evidence to the COVID 19 Inquiry into the use of the private hospital sector to support the pandemic response and work with stakeholder organisations. We will publish two further reports into the outsourcing of NHS eye care services.
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 FINANCIAL REVIEW Income Voluntary income of £57.682 represents donations from individuals and trusts, compared to previous year's total of £66,947. Of this amount, £10,978 was designated donations to support specific areas of work. £46,704 was for core funding. Gift Aid income.of £6,796 was the total amount claimable from HMRC. for donations in the period from donors who have provided CHPI with a Gift Aid Declaration,. compared to the previous year's total of £9,792. Income from charitable activities of £51 ,800 includes grant income received towards three grant-funded research projects compared to £62,500 in the previous year. Expenditure Expenditure was primarily made up of staffing costs for the Centre's Executive Director, Research Officer and Communications ManagerlFundraising coor.dinator. Reserves The Trustees recognise the need.to hold reserves to protect the financial security of CHPI in the event of income shortfalls. A Reserves Policy adopted in August 2021 sets out the intention to maintain a minimum of 3 months expenditure.in reserve, and allocate additional funds available to furthering CHPI'S charilable work, or investing in future income generation, At 31" March 2024 the general reserve held £75,826. amounting to just under 7 months of operating expenditure. As such, Trustees are comfortable with running .a managed budget deficit over the course of this and the coming year. 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 16th December and signed on its behalf by.. Jonathon Tomlinson Chair of the Board of Trustees
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (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 2024. Respective responsibilities of Trustees and examiner The Charily'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. Having satisfied myself thal the charity is 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 Acl 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 lo my attention. Basis of the independent examiner's report My examination was carried out in accordance 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 limited to Ihose matters set out in the stalements below. Independent examiner's 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 accordance with Section 386 and 387 of the Companies Acl 2006., and to prepare accounts which accord with accounting records, comply wilh the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounling 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 understanding of the accounts to be reached. Edward Tombs CIMA." Certificate of business accounting 1 Williams Terrace, Bethesda Gwynedd, LL57 3NH' 16th December 2024
CENTIIE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) .Company No. 8047440 Charity No. 1157077 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST MARCH 2024 (not subject to statutory audit) Restricted Unrestricted Funds Funds Total 2024 Total 2023 Note Incoming Resources Voluntary Income 57,682 57,682 66,947 Income from charitable activities 41,800 10,000 51,800 62,500 Gift Aid 6,796 6.796 9,792 Other income Total Incoming Resources Resources Expended Fundraising -8,000 -34,599 -42,599 -36,939 Charitable activities -41,800 -37,.124 -78,924 -87,306 Governance -11,938 -11,938 -18,604 Total Resources Expended -83 661 -133 461 -142 849 Net Incoming Resources Transfers Net movement In funds 00 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 INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 BALANCE SHEET AS AT 31" MARCH 2024 (not.subject to statutory audit) 31 Mar 2024 31 Mar 2023 Notes Current'Assets' Cash at bank and in hand Accrued Gift Aid Recoverable Total Current Assets 75,638 2.805 78,443 93,814 6,185 99,999 Credltors Amounts falling due within one year 2,617 6,990 Net Current Assets 75,826 93,009 The funds of the charlty Restricted Funds Designated Funds General Funds Total Charity Funds 8,000 10 75,826 75,826 85,009 93,009 For the year ending 3110312024 the company was entitled to exemption from audil 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 accordance with seclion 476, the Trustees acknowledge 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 accordance with the provisions applicable to. companies subject to the small companies regime. Approved by the board of Trustees on 16th. December and signed on its behalf by: Jonalhon Tomlinson Chair of the Board of Trustees
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) c.ompany No. 8047440 Charity No. 1157077 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31ST MARCH 2024 (not subject to statutory audit) 1. Accounting Policies. (a) Bais of Accounting The financial statemenls have been prepared under the historical cost convention in accordance with 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 Ihe Trustees in the furtherance of the company's 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. (cl Incoming resource All incoming resources are included. in the statement of financial activities when CHPI is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. (d) Resources 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. expenditure comprises those costs incurred in the delivery of C.HPI's charitable objects. It includes both cosls that can be allocated directly to such activities and costs of an indirect nature necessary to support them. Governance costs include costs associated with meeting the constitutional and stalutory requirements of CHPI. 10
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 2.. Voluntary Income Unrestricted. 2024 Restricted 2024 Total. 2024 Total 2023 Henry Tinsley 25,000 25,000 25,000 David Owen 20,000 Charles Clarke 4,458 4,458 Other Individual Donations < £2.5k 28,224 28,224 21,947 57,682 57,682 fj6,947. In the interests of transparency, CHPI has adopted a policy of individually. identifying all donations over £2,500 during the course of the year. 3. Income from Charitable Activities Unrestricted 2024 Restricted 2024 Total 2024 Total 2023 University of Warwick 20,000 .Joseph Rowntree Charitable Trust 41,800 41,800 42,500 Amiel & Melburn Trusl 5,000 5.000 Scurrah Wainwright Charitable Trust 5,000 5,000 10,000 41,800 51,800 104,000
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited'by guarant¢e) Company No. 8047440 Charity No. 1157077 4. Resources Expended Allocation by fund Direct expenditure items are allocated by fund according to the purpose of the . expense. Staffing & overhead costs are re-allocated to the restricted funds according to agreed project budgets. Expendlture Total JRCT - After the pandemic Fundraising consultancy Unrestricted funds Direct expenses 14.085 320 6,000 7,765 Staffing Overheads 114,648 41,480 2,000 71,168 4,727 4,727 Total expenditure allocation 133,461 41,800 8,000 83,661 Allocation of expenditure to fundraising, charitsble activities and governance Direct expendilure 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 staff time spent on each activity.. 30 % fundraising, 60 % charitable activities, and 10 % governance. Expenditurp Totsl Fundraising Charitable Activities Governance Direct expenses 14,085 6,786 7,299 Staffing 114,648 34.395 (300/0) 68,789 (600/0) 11.465 (10Q/o) Overheads 4,727 1,418 (300/0) 2,836 (600/0) 473 (100/0) Totsl expenditure allocation 133,461 42,599 78,924 11,938
CENTRE FOR HEALTH AND THE PUBLIC INTEREST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 5. Trustee Remuneration, Expenses & Related Party Transactions No Trustees received any remuneralion for their services. No expenses were reimbursed to Trustees for food or.travel costs during the period (2023: £96). No Trustee or other person relaled to the charity had any personal interest in any contract or transaction entered into 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 contracls for public interest research and is applied for charitable purposes. 7. Gift Aid Recoverable An estimated £2,805 of accrued Gift Aid was claimable on donations in the year at 31st March 2024. 8. Creditors: amounts falllng due wlthln one year £2,617 was owed across a number of unpaid invoices, expense claims and PAYE liabilities at 31 st March 2024. All amounts owed have now been paid. 9. Purpose of Restricted Funds There were two restricted funds in the year.. Fundraising consultancy Funds for fundraising consultancy to help develop the Centre's fundraising strategy. JRCT- After the pandemic Funds received from Joseph. Rowntree Charitable Trust for a 24-monlh'research project titled After the pandemic." The long tenn impact of COVID 19 on the provision of healthcare free at the point of need are held in a Restricted Fund. Expenditure is assigned to Ihe fund in accordance with the agreed projecl budget - which includes allocations for staff time and organisational overheads. 10. Purpose of Designated Funds £6,520 of donations in the year were made to support research into the outsourcing of NHS eye care. A further £4,458 of donations in the current year were made to specifically support running an event in Manchester in March 2024.
CENTRE FOR HEALTH AND THE PUBLIC INTEIIEST (CHPI) (A company limited by guarantee) Company No. 8047440 Charity No. 1157077 A grant of £5,000 was received to support work on the COVID 19 Inquiry. A further grant of £5,000 was received to support our events on the two-tier health system. These lunds were held as designated during the course of the year, but were all allocated by 31 st March 2024, leaving no remaining designated funds at the end . of the year. 11.Stsff Costs and Numbers An Executive Director and Research Officer were employed on a full time basis for the majority of the year. A Fundraising Co-ordinator was employed on a part-time basis from August.2023 to March 2024. 12. Funds of the charity Balance at 31 March 2023 Total income FY 2024 Total expenditure FY 2024 Balance at 31 March 2024 Restricted funds Fundraising consultancy 8,000 8,000 JRCT - After the pandemic 41,800 41,800 Total restricted funds 8,000 41,800 49,800 Deslgnated funds 20,978 20,978 Unrestrlcted. funds 85,009 53,500 62,683. 75,826 Total.funds 93,010 116,278 133,461 75,826 14