Charity number: 1174620
NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
CONTENTS
Page
Reference and administrative details of the Charity. its Trustees and advisers
Trustees. report
statement of financial activities
Balance sheet
Notes to the financial statements
7-10

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustegs
Dr M B Sidery
P R Norton
J Clibbon Iresigned 19 December 20241
Dr X Coll
Prof D G I Scott
C Mukhlyar (appointed 19 De￿mber 2024}
Charity rggistgred
number
1174620
Principal office
1 Rimer Close
Norwich
Norfolk
NR5 9HZ
Accountants
Larking Gowen LLP
Chartered Accountants
Prospect House
Rouen Road
Norwich
NR1 1RE
Page 1

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2024
10 31 March 2025.
Objectives and activities
Policies and objectives
Under the charills constitution, the charity's object is the advancement of health by the promotion of medical
and dental education and research amongst health care professionals based in and around Norfolk.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating lo public benefit, including the guidan￿ 'Public benefit.. running a
charity IPB21'.
b. Strategies for achieving objectives
Since incorporation, the Trustees have acted lo effect the transfer to the charity of the assets and grantmaking
activity of The Norfolk and Norwich Hospital Bicentenary Trust Icharity number 3112971 and NANIME Charitable
Trust Icharilable number 10669651. An initial cash transfer look place in July 2019. The remaining assets have
not been transferred al the time of signing. No grants have been awarded during the year.
Review of activities
Due to administrative difficulties the remaining assets and activities of The Norfolk and Norwich Bicentenary
Trust have not been transferred, and therefore it was decided not lo award any grants during the year.
Page 2

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Financial review
. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
cOn￿M basis can be found in the accounting policies.
b. Reserves policy
Free reserves (consisting of the total funds) at 31 March 2025 amounted to £61,61912024 - £63,419).
Funds to be received
On 19th December 2024, the Trustees of Norfolk Medical and Dental Education and Research Trust, The
Norfolk & Norwich Hospital Bicentenary Trust and Norfolk & Norwich Institute for Medical Education approved
resolutions confirming authorisalion to complete the transfer of funds and investments from The Norfolk &
Norwich Hospital Bicentenary Trust and Norfolk & NonNich Institute for Medical Education to Norfolk Medical and
Dental Education and Research Trust. The details of this transfer are included in note 8.
Structurei governance and management
Constitution
Norfolk Medical and Dental Education and Research Trust is a registered charity, number 1174620, and is
governed under a CIO constitution dated 12 September 2017.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
Page 3

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities irb England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
stalemenls, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent,.
stale whether applic8ble UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial stalemenls.,
prepare the financial statemgnts on the going concern basis unless il is inappropriate lo presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charitls tmnsaclions and disclose with re8sonable accuracy al any time the financial position of the Charity
and enable them lo ensure that the financial statements comply with the Charitlgs Act 2011. the Charity
(Accounts and Reportsl Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention 8nd detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
P R Norton
Trustee
Date- 7 July 2026
Page 4

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Total income
Expenditure on:
Charitable activities..
Support costs
1,571
1,571
2,100
Total expenditure
1.571
1.571
2,100
Net movement in funds
11,571)
(1,571)
(2, 700)
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
63.419
11.571)
63.419
11.571)
65,519
(2, 100)
Total funds carried forward
61,848
61,848
63,419
The notes on pages 7 10 10 form part of these financial statements.
Page 5

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Current assets
Debtors
Cash at bank and in hand
Current liabilities
10,505
60,547
10,505
60,333
Creditors.. amounts falling due within one
year
(9,2041
(7,479)
Net current assets
61.848
63,419
Total net assets
61,848
63,419
Charity funds
Unreslricled funds
61.848
63,419
Total funds
61,848
63,419
The financial stsl8menls w8re approved and aulhorised for issue by the Trustees and signed on their behalf by..
P R Norton
Trustee
Dale.. 7 July 2026
The notes on pages 7 10 10 form part of these financial slatemenls.
Page 6

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 2019}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
Norfolk Medical and Dental Education and Research Trust meets the definition of a public benefit
entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction
value unless otherwise stated in the relevant accounting policy.
1.2 Expgnditurg
Expenditure is recognised once there is a legal or constrLJCtive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.3 Dgbtors
Trade and other debtors are recognised at the selllemenl amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
1.4 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short maturity
of three months or less from the date of acqLJisilion or opening of the deposit or similar account.
1.5 Liabilitigs and provisions
Liabilities are recognised when there is an obligation al the Balan￿ sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates il will pay lo settle the debt or the
amount il has re￿iVed as advanced payments for the goods or services it must provide.
1.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qLJalify as basic financial
instruments. Basic financial instruments are initially recognised al transaction valLJe and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured al amortised cost using the effertive interest method.
Page 7

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
1.7 Fund accounting
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Page 8

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities
Support
costs
2025
Total
funds
2025
Total
funds
2024
Support Costs
1,571
1,571
2,100
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NILJ.
Debtors
2025
2024
Dug Within one year
Trade debtors
10,505
10,505
10,505
70,505
Creditors: Amounts falling due within one year
2025
2024
Trade creditors
15
Accruals and deferred income
9,204
1,404
9,204
7,419
Page 9

NORFOLK MEDICAL AND DENTAL EDUCATION AND RESEARCH TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
statement offunds
statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024 Expenditure
Unrestricted funds
General Funds - all funds
63.419
11,5711
61.848
Statement of funds - prior year
Balance al
31 March
2024
Balan￿ al
7 Apnl 2023 Expenditure
Unrestrlcted funds
General Funds - all funds
65,519
(2, 100)
63,419
Related party transactlons
The Charity has not entered into any related paty transaction during the year, nor are there any
oulstsnding balances owing between related parties and the Charity al 31 March 2025.
Funds to be recelved
On 19th December 2024, the Trustees of Norfolk Medical and Dental Education and Research Trust, The
Norfolk & NoNich Hospital Bicentenary Trust and Norfolk & Nornich Institute for Medical Education
approved resolutions confirming authorisalion lo complete the transfer of funds and investments from The
Norfolk & Norwich Hospital Bicentenary Trust and Norfolk & Notwich Inslilule for Medical Education lo
Norfolk Medical and Dental Education and Research Trust.
At the dale of approval of these financial statements it has not proved possible lo complete those
transfers.
The latest financial stslemenls of The Norfolk & Norwich Hospital Bicentenary Trust prepared as at 31
December 24 included nel assets of £636,000. The Trustees estimate the assets lo be received from
Norfolk & Norwich Institute for Medical Education at £203,000.
Page 10