REGISTERED COMPANY NUMBER: RC000316 (England and Wales) REGISTERED CHARITY NUMBER: 210112
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Liverpool Medical Insistution
Liverpool Medical Insistution
for the Year Ended 31 December 2022
Report of the Trustees
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
RC000316 (England and Wales)
Registered Charity number
210112
Registered office
Castle Chambers 43 Castle Street Liverpool Merseyside L2 9TL
Trustees
Company Secretary
17 Oct 2023
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
D G Machin
............................................................
Trustee Sean Martin (Oct 17, 2023, 9:37am)
Page 1
Independent Examiner's Report to the Trustees of Liverpool Medical Insistution
Independent examiner's report to the trustees of Liverpool Medical Insistution ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Hassall MAAT
Date: .............................................
Page 2
Liverpool Medical Insistution
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 55,914 Other trading activities 2 52,234 Investment income 3 33,630 Total 141,778 EXPENDITURE ON Raising funds 4 - Charitable activities Main 96,828 Other 255,163 Total 351,991 NET INCOME/(EXPENDITURE) (210,213) RECONCILIATION OF FUNDS Total funds brought forward 776,833 TOTAL FUNDS CARRIED FORWARD 566,620 |
Restricted fund £ - - - - - - - - - - - |
31.12.22 Total funds £ 55,914 52,234 33,630 141,778 - 96,828 255,163 351,991 (210,213) 776,833 566,620 |
31.12.21 Total funds £ 107,061 29,493 85,207 221,761 2,118 174,364 139,662 316,144 (94,383) 871,216 776,833 |
|---|---|---|---|
The notes form part of these financial statements
Page 3
Liverpool Medical Insistution
Balance Sheet
31 December 2022
| Notes FIXED ASSETS Tangible assets 8 Investments 9 CURRENT ASSETS Stocks 10 Debtors 11 Investments 12 Prepayments and accrued income Cash at bank and in hand CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 14 ACCRUALS AND DEFERRED INCOME 15 PENSION (LIABILITY)/ASSET NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
Unrestricted Restricted fund fund £ £ 199,597 - 1 - 199,598 - - - 41,923 - 300,584 - 8,305 - 108,678 - 459,490 - (13,428) - 446,062 - 645,660 - (51,751) - (2,831) - (24,458) - 566,620 - |
31.12.22 Total funds £ 199,597 1 199,598 - 41,923 300,584 8,305 108,678 459,490 (13,428) 446,062 645,660 (51,751) (2,831) (24,458) 566,620 566,620 566,620 |
31.12.21 Total funds £ 338,868 1 338,869 405 16,378 342,220 10,118 127,399 496,520 (9,303) 487,217 826,086 (1,903) (47,350) - 776,833 776,833 776,833 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The notes form part of these financial statements
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Liverpool Medical Insistution
Balance Sheet - continued 31 December 2022
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 17 Oct 2023
D G Machin
.............................................
Trustee Sean Martin (Oct 17, 2023, 9:37am)
The notes form part of these financial statements
Page 5
Liverpool Medical Insistution
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
Liverpool Medical Insistution
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Charitable Revenue Generated | 52,234 | 29,493 | |
| 3. | INVESTMENT INCOME | ||
| Rents received | 31.12.22 £ - |
31.12.21 £ 14,587 |
|
| Shares in group undertakings | 19,265 | - | |
| Other participating interests | 1 | 690 | |
| Other fixed asset invest - FII | 14,364 | 69,930 | |
| 33,630 | 85,207 | ||
| 4. | RAISING FUNDS | ||
| Investment management costs | |||
| Interest payable and similar charges | 31.12.22 £ - |
31.12.21 £ 2,118 |
|
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Liverpool Medical Insistution
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 139,271 | 48,955 |
| Hire of plant and machinery | 1,629 | - |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 107,061 Other trading activities 29,493 Investment income 85,207 Total 221,761 EXPENDITURE ON Raising funds 2,118 Charitable activities Main 174,364 Other 139,662 Total 316,144 NET INCOME/(EXPENDITURE) (94,383) |
Restricted fund £ - - - - - - - - - |
Total funds £ 107,061 29,493 85,207 221,761 2,118 174,364 139,662 316,144 (94,383) |
|---|---|---|
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continued...
Liverpool Medical Insistution
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 7. | COMPARATIVES FOR THE | STATEMENT OF FINANCIAL ACTIVITIES - continued | STATEMENT OF FINANCIAL ACTIVITIES - continued | STATEMENT OF FINANCIAL ACTIVITIES - continued | STATEMENT OF FINANCIAL ACTIVITIES - continued | STATEMENT OF FINANCIAL ACTIVITIES - continued | STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||
| fund | fund | funds | ||||||
| £ | £ | £ | ||||||
| RECONCILIATION OF FUNDS | ||||||||
| Total funds brought forward | 871,216 | - | 871,216 | |||||
| TOTAL FUNDS CARRIED FORWARD | 776,833 | - | 776,833 | |||||
| 8. | TANGIBLE FIXED ASSETS COST At 1 January 2022 and 31 December 2022 |
Freehold property £ 144,079 |
Long leasehold £ 1,235,646 |
Fixtures and fittings £ 101,745 |
Computer equipment £ 962 |
Totals £ 1,482,432 |
||
| DEPRECIATION At 1 January 2022 Charge for year |
38,215 - |
1,003,563 138,950 |
101,745 - |
41 321 |
1,143,564 139,271 |
|||
| At 31 December 2022 | 38,215 | 1,142,513 | 101,745 | 362 | 1,282,835 | |||
| NET BOOK VALUE At 31 December 2022 |
105,864 | 93,133 | - | 600 | 199,597 | |||
| At 31 December 2021 | 105,864 | 232,083 | - | 921 | 338,868 | |||
| 9. | FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2022 and 31 December 2022 |
Shares in group undertakin £ 1 |
||||||
| NET BOOK VALUE At 31 December 2022 |
1 | |||||||
| At 31 December 2021 | 1 | |||||||
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continued...
Liverpool Medical Insistution
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. FIXED ASSET INVESTMENTS - continued
There were no investment assets outside the UK.
| 10. STOCKS Stock 11. DEBTORS Amounts falling due within one year: Trade debtors VAT Amounts falling due after more than one year: LMI Trading - Inter Comp Loan Aggregate amounts 12. CURRENT ASSET INVESTMENTS Other |
31.12.22 £ - 31.12.22 £ - - - 41,923 41,923 31.12.22 £ 300,584 |
31.12.21 £ 405 31.12.21 £ 5,641 10,737 16,378 - 16,378 31.12.21 £ 342,220 |
|---|---|---|
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continued...
Liverpool Medical Insistution
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes VAT Other creditors Pension 14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE Other creditors Other Creditors - IC Loan 15. ACCRUALS AND DEFERRED INCOME Accruals and deferred income 16. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 776,833 TOTAL FUNDS 776,833 |
31.12.22 £ 4,986 4 960 1,558 5,920 13,428 YEAR 31.12.22 £ 51,751 - 51,751 31.12.22 £ 2,831 Net movement in funds £ (210,213) (210,213) |
31.12.21 £ 281 6,995 - 1,558 469 9,303 31.12.21 £ - 1,903 1,903 31.12.21 £ 47,350 At 31.12.22 £ 566,620 566,620 |
|---|---|---|
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continued...
Liverpool Medical Insistution
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 141,778 (351,991) TOTAL FUNDS 141,778 (351,991) Comparatives for movement in funds Net movement At 1.1.21 in funds £ £ Unrestricted funds General fund 871,216 (94,383) TOTAL FUNDS 871,216 (94,383) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 221,761 (316,144) TOTAL FUNDS 221,761 (316,144) |
Movement in funds £ (210,213) (210,213) At 31.12.21 £ 776,833 776,833 Movement in funds £ (94,383) (94,383) |
|---|---|
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continued...
Liverpool Medical Insistution
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.21 £ 871,216 871,216 |
Net movement in funds £ (304,596) (304,596) |
At 31.12.22 £ 566,620 566,620 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 363,539 363,539 |
Resources expended £ (668,135) (668,135) |
Movement in funds £ (304,596) (304,596) |
|---|---|---|---|
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 13
Liverpool Medical Insistution
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | - | 3,853 |
| Donations | 55,914 | 83,171 |
| Grants | - | 20,037 |
| Other trading activities | 55,914 | 107,061 |
| Charitable Revenue Generated | 52,234 | 29,493 |
| Investment income | ||
| Rents received | - | 14,587 |
| Shares in group undertakings | 19,265 | - |
| Other participating interests | 1 | 690 |
| Other fixed asset invest - FII | 14,364 | 69,930 |
| 33,630 | 85,207 | |
| Total incoming resources | 141,778 | 221,761 |
| EXPENDITURE | ||
| Investment management costs | ||
| Bank interest | - | 2,118 |
| Charitable activities | ||
| Advertising | 733 | - |
| Sundries | 7,852 | 125,631 |
| Training | 35,461 | - |
| 44,046 | 125,631 | |
| Other | ||
| Wages | 76,651 | 75,741 |
| Social security | (2,552) | 3,511 |
| Pensions | 8,211 | 7,239 |
| Software Charges | 1,629 | - |
| Carried forward | 83,939 | 86,491 |
This page does not form part of the statutory financial statements
Page 14
Liverpool Medical Insistution
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Other | ||
| Brought forward | 83,939 | 86,491 |
| Bank Charges | 460 | 366 |
| Cleaning | 3,482 | - |
| Accountancy | 13,602 | 3,850 |
| Depreciation | 152,500 | 48,955 |
| Equipment Lease | 623 | - |
| Other Staff Cost | 493 | - |
| Travel | 64 | - |
| Support costs | 255,163 | 139,662 |
| Management | ||
| Sundry Cost | - | 4,804 |
| Equip Non Cap | - | 13,702 |
| Telephone | 1,760 | 991 |
| Postage and stationery | 210 | 1,023 |
| Other Premises Cost | 8,891 | - |
| Professional Fees | 4,254 | - |
| Finance | 15,115 | 20,520 |
| Rates and water | 9,813 | - |
| Insurance | 15,413 | - |
| Light and heat | 8,300 | - |
| Information technology | 33,526 | - |
| Repairs and renewals | - | 7,864 |
| Other | ||
| Repairs & Maintenance | 312 | - |
| Governance costs | ||
| Accountancy and legal fees | 29 | 5,123 |
| Consultancy | 3,800 | - |
| Staff Training | - | 12,896 |
| Travel Cost | - | 2,330 |
| 3,829 | 20,349 |
This page does not form part of the statutory financial statements
Page 15
Liverpool Medical Insistution
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Total resources expended | 351,991 | 316,144 |
| Net expenditure | (210,213) | (94,383) |
This page does not form part of the statutory financial statements
Page 16
Liverpool Medical Insistution
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 13 |
| Detailed Statement of Financial Activities | 14 to 16 |
Issuer
DH Business Support Ltd
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