OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

Trustees’ Annual Report for the period

From 1 JANUARY 2024 To 31 DECEMBER 2024

Charity name: THE HUNTERIAN SOCIETY

Charity registration number: 229174

Objectives and Activities

SORP
referenc
e
Summary of the purposes
of the charity as set out in
its governing document		 Para
1.17		 The Hunterian Society is dedicated to the
promotion of medical knowledge, the
encouragement of medical research, and the
advancement of medical education.
Summary of the main
activities in relation to
those purposes for the
public benefit, in particular,
the activities, projects or
services identified in the
accounts.		 Para
1.17 and
1.19		 The Society achieves these aims by hosting lectures, awarding
prizes, supporting research initiatives, and providing a platform
for the exchange of ideas among healthcare professionals and
academics.

Organised a series of lectures and seminars on topics
of historical and contemporary medical interest.

Awarded the annual Hunterian Prize to an
outstanding research paper submitted by a trainee or
junior doctor.

Maintained the Hunterian Society archives and
furthered public access to historical medical
materials.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para
1.18		 In setting our objectives and planning our activities, the
Trustees have applied the guidance on public benefit issued
by the Charity Commission_._The Trustees have considered
ways in which their resources can provide a greater public
benefit. Transfer of some Hunterian Society artefacts to the
Hunterian Museum at the Royal College of Surgeons of
England has enhanced the museums offering to the public.
The archives of the Hunterian Transactions are being digitised
and will be freely available online for research and education.

Additional information (optional) You may choose to include further statements where relevant about:

SORP
reference
Policy on grant making Para
1.38		 The Hunterian Society makes occasional grants,
sometimes in conjunction with other Medical
charities, provided that the aims are consistent
with the charitable purposes of the Society
Policy on social investment
including program related
investment		 Para
1.38		 Sponsorship of medical students to attend
meetings has been increased.
Contribution made by
volunteers		 Para
1.38		 All council members are volunteers, and no
remuneration is received.

Other

Achievements and Performance

SORP
referenc
e
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para
1.20
The year 2024 saw a continued increase in
engagement with the Society’s events, both in
person and online. Attendance at lectures
remained strong.

The Society successfully awarded the
Hunterian Prize, which attracted submissions
from across the UK.

The Trustees are pleased with the Society’s
outreach efforts, are intended to broaden
participation among students and early-career
professionals.

The digital archiving project, initiated in 2023,
made further progress, with volumes of the
Transactions now accessible to members and
the public

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against
objectives set
Para 1.41
Satisfactory. All the planned scientific and
social meetings took place as planned
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41 Satisfactory. The Society has regular
performance meetings with Cazenove, who
handle the Society investments
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para
1.21		 The charity reported total income of£40,061(2023: £27,509),
comprising unrestricted income of
£25,867and restricted income from theRudolph Fund of
£14,194.Main income sources were
members’ events, subscriptions and investment income from the
Society’s managed portfolio
with Cazenove Capital.
Total expenditure was£34,974(2023: £22,402) covering the
costs of meetings and lectures,
administrative expenses, depreciation of fixed assets and
investment management fees.
The resulting net income for the year was£75,555(2023: £5,107),
after recognising unrealised
investment gains of£70,468following a change in accounting
policy to report investments at
market value in line with the Charities SORP (FRS 102).
Total funds carried forward were£604,912(2023: £529,357),
comprisingunrestricted reserves
of £187,694andrestricted reserves of £417,218within the
Rudolph Fund. A transfer of
£37,841from the Rudolph Fund to the General Fund reflects the
reclassification of museum
assets and related depreciation.
Statement explaining the
policy for holding reserves
stating why they are held		 Para
1.22		 The trustees consider reserves appropriate to meet future
commitments and maintain financial
stability. The policy is reviewed annually, taking account of
planned activities, operational costs
and investment performance. The trustees are satisfied that
unrestricted reserves and expected
income are sufficient to meet planned expenditure for the next
twelve months.
Amount of reserves held Para
1.22		 Total funds carried forward were£604,912(2023: £529,357),
comprisingunrestricted reserves
of £187,694andrestricted reserves of £417,218within the
Rudolph Fund.
Reasons for holding zero
reserves		 Para
1.22		 n/a
Details of fund materially in
deficit		 Para
1.24		 n/a
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para
1.23		 n/a

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Para 1.46 Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para
1.25
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para
1.25		 Unincorporated association
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para
1.25		 All members of the Council of the society are trustees. Council
members are elected at the AGM. Council can coopt
members as required.

Additional information (optional)

You may choose to include further statements where relevant about:


Policies and procedures
adopted for the induction
and training of trustees
Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name The Hunterian Society
Other name the charity uses none
Registered charity number 229174
Charity’s principal address Lettsom house
11 Chandos Street
London
W1G 9EB

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee (ifany)
Dr Cathy Corbishley President October 2024 to date AGM of the Society
Mr John Tricker President Oct 2023-Sept 2024 AGM of the Society
(Mr John Tricker) Vice president Oct 2024 to date Ex officio as past president
Prof Michael Gleeson Vice president Ex officio as past president
Dr Tina Challacombe Hon Secretary AGM of the Society
Prof Stephen Challcombe Hon Treasurer AGM of the Society
Mr John Skipper Assistant Treasurer AGM of the Society
Mr William Edwards Curator AGM of the Society
Mr Surendra Paul Editor resigned AGM of the Society
Mr Ian Stephen Council member AGM of the Society
Mr Nicholas Gibbins Council member AGM of the Society
Mr Andrew Brown Council member AGM of the Society
Dr Anjna Harrar Web editor and council
member		 AGM of the Society

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held n/a in this capacity Name and objects of the charity n/a on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure N/A

Reason for non-disclosure of key personnel details N/A

Other optional information N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) John Joseph SKIPPER Position (eg Secretary, Honorary Treasurer Chair, etc)

Date 29 October 2025

Charity Annual Accounts

The Hunterian Society For the year ended 31 December 2024

Prepared by Do Your Accounts Limited

Contents

The Hunterian Society Page 2 of 12

Charity Annual Accounts

Reference and Administrative Information

The Hunterian Society For the year ended 31 December 2024

Registered charity No: 229174

President

Dr Catherine Corbishley-Michel

Vice President

Professor Michael Gleeson Mr John Tricker

Honorary Secretary

Dr Tina Challacombe

Honorary Treasurer:

Professor Stephen Challacombe

Editor:

Mr Surendramohan Chandpal Paul

Curator:

Mr William Edwards

Trustees:

Andrew Brown Professor Stephen Challacombe Dr Tina Challacombe Surendramohan Chandpal Paul Dr Catherine Corbishley-Michel William Edwards Nicholas Gibbins Professor Michael Gleeson Anjna Harrar John Skipper Ian Stephen John Tricker

Co-Opted Member:

Mr Ian Stephen

General Administrator:

Ms Leah Parvin Mrs Betty Smallwood

The Hunterian Society Page 3 of 12

Charity Annual Accounts

Reference and Administrative Information

Accountant & Independent Examiner:

Martin Jansen Van Vuuren ACMA CGMA Do Your Accounts Limited Suit C, 4-6 Canfield Place London NW6 3BT

Bankers

Lloyds Bank plc 25 Gresham Street London EC2V 7HN

Principal Address

Lettsom House 11 Chandos Street London W1G 9EB

The Hunterian Society Page 4 of 12

Charity Annual Accounts

Independent Examiner's Report

The Hunterian Society

For the year ended 31 December 2024

Independent examiner’s report to the trustees of The Hunterian Society

I report to the charity’s trustees on my examination of the accounts of the above charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner’s Statement

I have completed the examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Martin Jansen Van Vuuren ACMA CGMA

Chartered Management Accountant

Do Your Accounts Limited

Suite C, 4-6 Canfield Place, London, NW6 3BT Date: 28 October 2025

The Hunterian Society Page 5 of 12

Charity Annual Accounts

Statement of Financial Activities

The Hunterian Society

For the year ended 31 December 2024

INCOME AND EXPENDITURE

NOTES
UNRESTRICTED
RESTRICTED -
RUDOLPH FUND
2024
UNRESTRICTED
(2023)
RESTRICTED
-
RUDOLPH
FUND
(2023)
2023		 NOTES
UNRESTRICTED
RESTRICTED -
RUDOLPH FUND
2024
UNRESTRICTED
(2023)
RESTRICTED
-
RUDOLPH
FUND
(2023)
2023		 NOTES
UNRESTRICTED
RESTRICTED -
RUDOLPH FUND
2024
UNRESTRICTED
(2023)
RESTRICTED
-
RUDOLPH
FUND
(2023)
2023
INCOMINGRESOURCES
Income from:
Donations & Legacies
Donations and Gifts
720
-
720
-
-
-
Gift Aid Claimed
448
-
448
1,861
-
1,861
Membership Subscriptions
4,967
-
4,967
5,268
-
5,268
Sponsorships
335
-
335
-
-
-
Total Donations & Legacies
6,470
-
6,470
7,129
-
7,129
Charitable Activities
Income from
Members’ Events
2
12,887
-
12,887
-
-
-
Investment Income
Dividends and
Interest Income
3
6,510
14,194
20,704
6,527
13,852
20,379
Total Income from:
25,867
14,194
40,061
13,657
13,852
27,509
EXPENDITUREON:
RaisingFunds
Investment
Management Fees
4
467
995
1,461
439
949
1,388
Charitable Activities
Costs of Meetings
2
19,249
80
19,329
4,685
-
4,685
Depreciation Expense
7
-
621
621
-
729
729
Journal
-
-
-
983
363
1,346
Printing & Stationery
413
570
983
-
-
-
Prizes and Grants
250
1,085
1,335
1,071
171
1,242
Speaker Expenses
-
38
38
214
-
214
Subscriptions
-
70
70
-
58
58
Transactions Digitisation
-
-
-
-
3,037
3,037
Support Costs
Administrative Costs
4,936
-
4,936
7,317
-
7,317
Telephone & Internet
1,072
-
1,072
1,038
-
1,038
Volunteer Welfare and Gifts
720
-
720
-
-
-
Website
83
1,211
1,294
-
1,348
1,348
Total Support Costs
6,811
1,211
8,022
8,355
1,348
9,703

Governance Cost

The Hunterian Society Page 6 of 12

Charity Annual Accounts

Statement of Financial Activities

RESTRICTED
-
NOTES UNRESTRICTED RESTRICTED -
RUDOLPH FUND		 2024 UNRESTRICTED
(2023)		 RUDOLPH
FUND		 2023
(2023)
Accountancy Fees - 2,603 2,603 - - -
Independent Examiners Fees - 510 510 - - -
Total Governance Cost - 3,113 3,113 - - -
Total Charitable Activities 26,724 6,789 33,512 15,308 5,706 21,014
TOTAL EXPENDITURE 27,190 7,783 34,974 15,747 6,655 22,402
NET
INCOME/(EXPENDITURE)
BEFORE GAINS/ (LOSSES) ON		 (1,323) 6,411 5,087 (2,090) 7,197 5,107
INVESTMENTS
Net Gains/(Losses) on Investments
Net gains/(losses) on
investments		 6 18,844 51,624 70,468 - - -
NET
INCOME/(EXPENDITURE)		 17,521 58,035 75,555 (2,090) 7,197 5,107
Transfers between Funds
Interfund Transfer
In/(Out)		 8 37,841 (37,841) - - - -
NET MOVEMENT IN FUNDS 55,362 20,193 75,555 (2,090) 7,197 5,107
RESTRICTED
-
NOTES UNRESTRICTED RESTRICTED -
RUDOLPH FUND		 2024 UNRESTRICTED
(2023)		 RUDOLPH
FUND		 2023
(2023)
RECONCILIATIONOF FUNDS:
Net Movement in Funds 55,362 20,193 75,555 (2,090) 7,197 5,107
General Fund Reserve 132,332 - 132,332 134,422 - 134,422
Rudolph Fund Reserve (Restricted) - 397,025 397,025 - 389,828 389,828
Total funds carried forward 187,694 417,218 604,912 132,332 397,025 529,357

The Hunterian Society Page 7 of 12

Charity Annual Accounts

Balance Sheet

The Hunterian Society As at 31 December 2024

Balance Sheet
The Hunterian Society
As at 31 December 2024		 Balance Sheet
The Hunterian Society
As at 31 December 2024
NOTES
UNRESTRICTED
RESTRICTED -
RUDOLPH FUND
2024
UNRESTRICTED
(2023)
RESTRICTED
-
RUDOLPH
FUND
(2023)
2023
FIXED ASSETS
Tangible Assets
Computer Equipment
7
-
-
-
-
3
3
Museum at London
Clinic
7
-
3,505
3,505
(37,841)
41,964
4,123
Investments
163,565
367,418
530,983
144,721
305,794
450,515
TOTAL FIXED ASSETS
163,565
370,923
534,488
106,880
347,761
454,641
CURRENT ASSETS
Stock of Medals
-
3,172
3,172
-
3,172
3,172
Due from General Fund
-
1,211
1,211
-
-
-
Gift Aid Receivable (HMRC)
448
-
448
-
-
-
Broker Deposits
59
9,975
10,035
526
970
1,496
Cash at bank and in hand
24,832
35,151
59,984
24,926
47,022
71,948
TOTAL CURRENT ASSETS
25,339
49,509
74,849
25,452
51,164
76,616
CREDITORS:AmountsFallingDueWithinOneYear
Creditors and Accruals
-
3,213
3,213
-
1,900
1,900
Due to Rudolph Fund (Restricted)
1,211
-
1,211
-
-
-
NET CURRENT ASSETS
(LIABILITIES)
24,129
46,296
70,424
25,452
49,264
74,716
NET ASSETS
187,694
417,218
604,912
132,332
397,025
529,357
FUNDS OF THECHARITY
Movement in Funds
8
55,362
20,193
75,555
(2,090)
7,197
5,107
Reserves
8
132,332
397,025
529,357
134,422
389,828
524,250
TOTAL CHARITY FUNDS
187,694
417,218
604,912
132,332
397,025
529,357

Approved by the trustees and signed on their behalf

Mr John Skipper (Treasurer) Professor Stephen Challacombe (Deputy Treasurer)

The Hunterian Society Page 8 of 12

Charity Annual Accounts

Notes to the Charity Accounts

The Hunterian Society

For the year ended 31 December 2024

1. Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.1 Basis Of Preparation

The financial statements have been prepared under the historical cost convention, except for investment assets which are measured at fair value (market value) at the reporting date. The accounts have been prepared in accordance with:

Expenditure is classified using the natural categories of costs incurred, rather than by charitable activity. This is permitted under the Charities SORP (FRS 102) for smaller charities where it provides a clearer understanding of the charity’s operations.

1.2 Going Concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements have been prepared on a going concern basis, which the trustees consider appropriate based on the level of reserves and anticipated future income and expenditure.

1.3 Change in Accounting Policies

In prior years, investments were carried at cost. From 2024, investments are reported at market value at the balance sheet date, in accordance with the Charities SORP (FRS 102). This change has resulted in the recognition of unrealised gains of £70,468 in the Statement of Financial Activities. Comparative figures for 2023 have not been restated.

1.4 Recognition of income

Income is recognised when the charity has entitlement to the income, receipt is probable and the amount can be measured reliably. For donations, this is usually on receipt. Gift Aid tax recoverable is recognised when the associated donation is recognized. All other income is recognised gross and on a receivable basis.

1.5 Membership Subscriptions

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

Membership subscriptions that entitle members to attend events or receive other benefits are recognised as income from charitable activities and classified under Income from Members’ Events.

1.6 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

1.7 Recognition of Expenditure and Liabilities

Liabilities are recognised on an accruals basis when there is a legal or constructive obligation and the amount can be measured reliably. Expenditure includes any irrecoverable VAT.

Charitable activities include direct delivery costs, along with support and governance costs. Support costs cover administration and communication; governance costs cover compliance, including accountancy and independent examination fees. These support and governance costs have not been allocated across charitable activities.

The Hunterian Society Page 9 of 12

Charity Annual Accounts

Notes to the Charity Accounts

1.8 Fund Accounting

The charity maintains the following types of funds:

Transfers between funds are made when approved by the trustees and in accordance with any restrictions imposed by donors.

1.9 Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged to write off the cost of assets over their expected useful lives using the following methods.

1.10 Heritage Assets

The charity holds heritage assets in the form of museum items related to the life and work of John Hunter, together with the Society’s presidential chain insignia.

These are regarded as inalienable and held principally for their historical and cultural significance. They are not recognised on the balance sheet as reliable cost information is unavailable and obtaining a valuation is not considered practicable.

1.11 Investments

Investments are stated at market value at the balance sheet date, with valuations provided by the Fund Managers. Realised and unrealised gains and losses are recognised in the Statement of Financial Activities. Income from investments is recognised when receivable.

1.12 Current Assets

Debtors are recognised at the amount expected to be received. Cash at bank is stated at nominal value and includes balances held in the charity’s accounts readily available for use.

1.13 Reserves Policy

The charity maintains reserves at a level sufficient to meet its operational commitments and to ensure financial stability. The trustees review the reserves policy annually, taking into account the charity’s future plans, risks and the need to maintain adequate unrestricted funds to support core activities. Restricted funds are held and used in accordance with donor-imposed conditions.

1.14 Events After the Reporting Date

There are no material events after the reporting date which require adjustment or disclosure in the financial statements.

2. Prior Year Restatement – Event Income and Meeting Costs

Comparatives for the year ended 31 December 2023 have been restated to show event income and related costs on a gross basis, in line with the Charities SORP (FRS 102).

This is a presentation change only and does not affect net income or funds carried forward.

The Hunterian Society Page 10 of 12

Charity Annual Accounts

Notes to the Charity Accounts

3. Investment Income

All of the charity’s investment income of £20,704 (2023: £20,379) arises from dividends and interest received on investments managed by Cazenove Capital. These investments are held in multi-asset funds comprising a diversified portfolio of equities, bonds and other securities.

4. Investment Management Costs

The charity incurred investment management fees of £1,461 (2023: £1,388 relating to the portfolio managed by Cazenove Capital. These are reported within Expenditure on Raising Funds.

5. Staff costs

The charity had no employees during the year (2023: none).

6. Net Gains/(Losses) on Investments

The net gains on investments of £70,468 (2023: £nil) represent the movement in the market value of the portfolio managed by Cazenove Capital. In prior years, investments were reported at cost; the change to market value presentation is in line with the Charities SORP (FRS 102).

7. Fixed Assets

Depreciation of £621 (2023: £729) was charged in the year, comprising £3 on computer equipment and £618 on the museum at London Clinic.

UNRESTRICTED
RESTRICTED -
RUDOLPH FUND
2024
2023		 UNRESTRICTED
RESTRICTED -
RUDOLPH FUND
2024
2023
TangibleAssets
Computer Equipment
Computer Equipment
-
1,831
1,831
1,831
Less Accumulated Depreciation on Computer Equipment
-
(1,831)
(1,831)
(1,828)
Total Computer Equipment
-
-
-
3
Museum at London Clinic
Museum at London Clinic
-
45,957
45,957
45,957
Less Accumulated Depreciation on Museum at London Clinic
-
(42,452)
(42,452)
(41,834)
Total Museum at London Clinic
-
3,505
3,505
4,123
Total Tangible Assets
-
3,505
3,505
4,126

8. Fund Movements

UNRESTRICTED RESTRICTED -
RUDOLPH FUND		 2024 2023
Movementin Funds
Net Income/(Expenditure) 17,521 58,035 75,555 5,107
Interfund Transfer In/(Out) 37,841 (37,841) - -
Net Movement in Funds 55,362 20,193 75,555 5,107
Fund Opening Balance 132,332 397,025 529,357 524,250
Total Funds 187,694 417,218 604,912 529,357

The Hunterian Society Page 11 of 12

Charity Annual Accounts

Notes to the Charity Accounts

Transfer Between Funds

The interfund transfer of £37,841 from the Restricted Rudolph Fund to the Unrestricted General Fund reflects the alignment of museum assets with their related depreciation charges. This ensures both the assets and accumulated depreciation are reported within the Rudolph Fund, where the assets are held.

9. Trustee Remuneration & Related Parties

No trustee received any remuneration or reimbursement of expenses during the year (prior year: none).

There were no related party transactions during the year.

The Hunterian Society Page 12 of 12

Charity Annual Accounts