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2021-04-05-accounts

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS

5 APRIL 2021

CHARITY NO: 237690

EDMUND CARR LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

CONTENTS PAGE
Legal and administrative details 1-2
Trustees’ Annual Report 3-6
Independent examiner’s report to the Trustees 7
Summary income and expenditure account 8
Balance sheet 9
Notes to the fnancial statements 10
Appendix 1: Trust Council and Executive Committee Members 11
Appendix 2: Schemes in Progress 2020/21 12-13

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS YEAR ENDED 5 APRIL 2021

Legal and Administrative Details

Registered Charity Name: Chelmsford Medical Education and
Research Trust
Charity Registration Number: 237690
Registered Address: Medical Academic Unit
Broomfeld Hospital
Court Road
Broomfeld
Chelmsford
Essex
CM1 7ET
Independent Examiner: Colin Barker FCA
Edmund Carr LLP
146, New London Road
Chelmsford
Essex
CM2 0AW
Bankers: Barclays Bank Plc
2 High Street
Chelmsford
Essex
CM1 1BG

1

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

The President (and Trustee) Not Held
Trustees Dr G Clesham
Dr M Williams *
Dr J Guy *
Chairman of the Executive Committee Mr Martin Shaw *
Chairman of the Medical Advisory Committee
Dr Galil Ali
*
Members of the Medical Advisory Committee
Mr D Elliot
*
Postgraduate Clinical Tutor Dr Shahirose Jessani *
Senior Secretary of the Chelmsford Medical Society
Dr J Guy
*
Chelmsford GP Training Programme director
Not Held
Honorary Treasurer Mr R C Booker
*
Co-opted Members Not Held
Honorary Members (Executive Committee) Not Held

The President and all Members (other than ex officio Members) shall hold office for three years and shall be eligible for re-election.

2

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

ANNUAL REPORT BY CHAIRMAN OF THE EXECUTIVE COMMITTEE 2020 - 2021

MEMBERSHIP

We are very grateful to all our medical staff members for their support and encouragement of local education and research and development initiatives.

A schedule of all current members is attached as Appendix 1.

CLINICAL TUTOR

Dr Jessani continues to develop local services for medical education and training and has also helped to raise the profile of this Trust and encourage the submission of appropriate applications for our support.

We very much appreciate her valuable contribution to the work of this committee.

COURSES HELD

An increasing number of staff groups hold regular training and development activities within the Medical Academic Unit, including:

3

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

Multi-Disciplinary Team Meetings

Increasing numbers of MDT meetings are now held in the Unit are as follows:

Primary Care Group Meetings included sessions on:

External professional groups holding regular meetings in the Medical Academic Unit include:

CMERT AWARDS

Due to Covid 19 and the pressures of the hospital no CMERT awards were granted in 2020/2021.

RESEARCH PROJECTS AND GRANTS

A schedule is attached (Appendix 2) which itemises expenditure for all schemes in progress for 2020 – 2021.

They are:-

Liz Hunwick – Refurbishment of Warner Library

There were no travel applications through 2020/2021.

4

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

FUTURE PLANS

We continue to have a sound financial asset base with a regular but lower stream of income than was available in earlier years. We will continue with the trust objectives of supporting initiatives which further the development of local services for training and education and research activities. Upon CMERT being restarted Dr Rose Jessani plans to discuss with the CMERT committee on the need to involve more consultants. If there is a need then the appropriate procedure to involve more consultants will be undertaken accordingly.

STAFF

No further update

Mr Martin Shaw Chairman, Executive Committee August 2021

5 CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

FINANCIAL STATEMENTS

YEAR ENDED 5 APRIL 2021

TREASURER’S REPORT

The accounts, which comply with the requirements of Section 133(3) of the Charities Act 2011, have been prepared in accordance with receipts and payments accounting conventions. Investments are shown in the balance sheet at cost.

The market values of the investments at the close of the last two accounting years were as follows:

5 April 2021 5 April 2020 £ £ Charities Official Investment Fund - Income Shares 222,774 178,576 Charities Aid Foundation - UK Equity Fund 198,050 146,800 Equities Investment Fund - Charifund 422,882 326,410 8% Treasury Stock 2021 20,268 21,844 Charities Aid Foundation – Fixed Interest Fund 190,565 182,161 Total 1,054,539 855,791

The market value of the Trust’s investments increased by £198,748 (23.2%). The COIF Income Fund gained £44,198 (24.8%), the CAF UK Equity Fund gained £51,250 (34.9%), the EIF Charifund gained £96,472 (29.6%) and the CAF Fixed Interest Fund gained £8,404 (4.6%). The value of the gilts portfolio decreased by £1,576 (7.2%).

There was a decrease in grants paid from £36,168 in the previous year to £20,000 in this year.

There was decrease in receipts from £42,402 to £36,615.

There was a net surplus of £15,835 compared with a surplus of £5,458 the previous year.

At the 5th April 2021 no grants were outstanding. Income in 2021/22 is anticipated to be circa £40,000.

It is the policy of the Trust to maintain a minimum cash balance of £50,000.

R C Booker - Honorary Treasurer April 2021

Approved by the trustees on 10 December 2021 and signed on their behalf by:

Dr J Guy - Trustee

6

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

YEAR ENDED 5 APRIL 2020

I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2021 which are set out on pages 8 to 10.

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

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving 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.

Colin Barker FCA

16 December 2021

Edmund Carr LLP 146 New London Road Chelmsford Essex CM2 0AW

7

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021

Payments 2021 2020 Receipts 2021 2020 £ £ £ £ £ £ Grants Academic Unit 36,1 68 Awards Interest, dividends, etc received 36,615 42,402 20 gross Warner Library 20,00 0 20,000 36,188 Examiners fees 7 756 80 Total payments 20,780 36,944 Total receipts 36,615 42,402 Net receipts/(payments) 15,835 5,458 36,615 42,402 36,6 42,4 15 02 Cash funds brought forward 72,635 97,177

Net transfer to investments
Other net receipts/(payments)
Cash funds c/f		 -
15,835
88,4
70		 (30,000
)
5,458
72,635

R C Booker ~ Honorary Cash funds c/f Treasurer 8 CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021

Liabilities
Accumulated Fund
General
Restricted
Physicians
Travelling
Diabetic Research		 2021
£
£
793,651
12,86
3
5,135
17,998		 2020
Assets
£
£
Investments at cost
778,600
Charities Oficial Investment
Fund
CAF Balanced Growth Fund
Equities Investment Fund
12,30
3
4,911
8% Treasury Stock 2021
17,214
CAF Income Fund
Business Premium Account
CAF Platinum
CAF Gold
Community Account		 2021
£
£
113,62
9
77,000
318,20
0
19,350
195,00
0
723,17
9
80,093
-
-
8,377
88,470		 2020
£
£
113,62
9
77,000
318,20
0
19,350
195,00
0
723,17
9
50,069
22,566
72,635
80,093
-
-
8,377		 50,069
22,566

811,649 795,814

811,649

795,814

Approved on: 10 December 2021 Approved by: Dr J Guy – Trustee R C Booker – Honorary Treasurer

9

CHELMSFORD MEDICAL EDUCATION AND RESEARCH TRUST

NOTES TO THE ACCOUNTS

YEAR ENDED 5 APRIL 2021

1. Movements on Restricted Funds

Balance Balance
at at
6 April Paymen Receipt 5 April
2020 ts s 2021
£ £ £ £
Diabetic 4,911 - 224 5,135
Research
Physicians 12,303 - 560 12,863
Travelling
Total 17,214 - 784 17,998

Appendix 1

Trust Council & Executive Committee Members

The President (and Trustee) Not Held
Trustees Dr G Clesham
Dr M Williams *
Dr J Guy *
Chairman of the Executive Committee Mr Martin Shaw *
Chairman of the Medical Advisory Committee
Dr Galil Ali		 *
Members of the Medical Advisory Committee
Mr D Elliot		 *
Postgraduate Clinical Tutor Dr Shahirose Jessani *
Senior Secretary of the Chelmsford Medical Society
Dr J Guy		 *
Chelmsford GP Training Programme director
Not Held
Honorary Treasurer Mr R C Booker *
Co-opted Members Not Held
Honorary Members (Executive Committee) Not Held

The President and all Members (other than ex officio Members) shall hold office for three years and shall be eligible for re-election.

11

Research Projects and Grants Appendix 2

----- Start of picture text -----
Scheme Amount 2016/ 2017/ 2018/ 2019/ 2020/
& date 17 18 19 20 21
funding Paid Paid Paid Paid Paid
approved
An application for travel May 2016 £453
expense by Heidy Hendra
in connection with a £453
written abstract for an
audit “Initial management
of hyperkalaemia in acute
admissions” for oral
presentation at the 53 [rd]
ERA- EDTA on the 21 [st] -24 [th]
May 2016 in Vienna,
Austria
Library to request funding May 2016 £7,000
for a database called
“ClinicalKey”. The £7,000
funding requested was for
one year at £17,403.65
plus VAT. £7,000 including
VAT to be donated as a one
off commitment and the
£7,000 would be released
upon confirmation that the
Library had secured
funding from other
avenues.
An application for travel October £509
expense by Heidy Hendra 2016
in connection with a
written abstract for an £509
audit “29 [th] ESICM
(European Society of
Intensive care medicine)
on the 1 [st] – 5 [th] October
2016 in Milan, Italy.
Conference costs for the January £390
Intensive Care Society – 2017
State of the Art Meeting
2016 by Dr Ed Hutchison £390
in connection with a
written abstract on 13 [th]
September to 27 [th]
September 2016.
Mrs Thakur for an RCOG January £4,900
Operative Birth Simulation 2017
Training (ROBuST)
£4,900
Dr Suthahar and Bilal May 2017 £3,460
----- End of picture text -----

Malik Using a simulation training to teach and train £3,460 Health Care staff as a Risk Management Strategy to Reduce Incidence of Serious Incident to improve patient safety”

12

Appendix 2 continued

----- Start of picture text -----
January £18,342
Dr Raj 2018
Hillstrom at
Anglia Ruskin £18,342
University for
“Biomechanics
of First
Metatarsophala
ngeal Joint
Osteoarthritis”
October £9,360
Warner Library 2018
- Introducing
self service and £9,360
24/7 access to
the library
January £21,300
Medical 2018
Academic Unit £21,370
recarpeting
December £14,868
Medical 2019
Academic Unit £14,868
furniture
December £20,000
Library 2020
Refurbishment £20,000
Total £12,862 £22,192 £9,360 £36,168 £20,000
----- End of picture text -----