**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|||
* Members of Executive Committee
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:
- Nursing Development Workshops
- General Internal Medicine Study Day
- Research and Development Workshops
- Burns and Plastic Surgery Study Days
- Hospital Induction Courses
- Medicine for the Care of the Elderly
- Cardiology Department
- Rheumatology Department
- Pharmacy Services
- Information and I T Services
- Orthopaedic Conferences
- Essex Ambulance Service Study Days
- Chelmsford GP Specialist Training Programme
- Basic Surgical Skills Course
- Dementia Course Days
- End of Life Training Course days
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:
- GI Cancer
- Lymphoma MDT
- Lung Cancer MDT
- Colorectal MDT
- Urology SMDT
- Obstetrics & Gynaecology MDT
- ENT, Head and Neck MDT
- Neuro-Oncology MDT
- Melanoma MDT
- HPB MDT
- Haematology Joint MDT
- Vascular MDT
Primary Care Group Meetings included sessions on:
- Dermatology Study Days
- GP Trainers Conference & Workshops
External professional groups holding regular meetings in the Medical Academic Unit include:
- Essex Osteopaths
- Essex Veterinary Society
- Mid Essex Medical Forum
- EPIC Training Sessions
## **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:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the accounts do not accord with those records
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||||
* Members of Executive Committee
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 -----**