| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Vnrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies |
7,838 | ||||||
| Charitable activities |
|||||||
| Medica! centre | 26,178 | 26,178 | 77,324 | ||||
| Investment income |
63,778 | 22,484 | 86,262 | 84,788 | |||
| Total | 89,956 | 22,484 | 112,440 | 169,950 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 6,169 | 6,169 | 5,171 | ||||
| Charitable activities |
|||||||
| Medical centre | 72,286 | 3,481 | 75,767 | 74,412 | |||
| Total | 72,286 | 9,650 | 81,936 | 79,583 | |||
| Net gains on investments | 15,557 | 4,717 | 20,274 | 209,941 | |||
| NET INCOME | 33,227 | 17,551 | 50,778 | 300,308 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 3,237,385 | 361,371 | 3,598,756 | 3,298,448 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,270,612 | 378,922 | 3,649,534 | 3,598,756 |
| 2022 | 7071 | |||||
|---|---|---|---|---|---|---|
| Unreslnctcd | Restricted | 'I'otal | Tnt a I | |||
| t'unds | I'unds | 1ullds | lunds | |||
| Notes | 8 | |||||
| FIXED ASSETS | ||||||
| Tangible nsscts |
1,445,118 | 1,445, 118 | 1,496,603 | |||
| lnvcstnlcllts | ||||||
| lnvesinlents lnveslilleill pi'opcrty |
10 ll |
963,407 628,97G |
750,157 | 1,213,554 628,976 |
1,096,992 6)28,976 |
|
| 3,037,49G | 250,152 | 3,287,64S | 3,727,571 | |||
| CURRENT ASSETS | ||||||
| Debtors | 12 | 28,636 | 28,636 | 98,431 | ||
| Cash al bank | 216,945 | 128,770 | 345„715 | 293,624 | ||
| 245,581 | 128,770 | 374,351 | 392,055 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 13 | (12 165) | (12,465) | (15a870) | |
| iVET CURREiVT ASSETS | 233,116 | 128,770 | 361,886 | 376,185 | ||
| TOTAL ASSETS LESS | CURREiVT | |||||
| LIABILITIES | 3,270,612 | 378,922 | 3,649,534 | 3,598,756 | ||
| NET ASSETS | 3,270,6)2 | 378,922 | 3,649,534 | 3,59S,756 | ||
| FUNDS Unrcstrictcd funds |
3,770,612 | 3,237.385 | ||||
| Restricted funds |
378,922 | 361,37 I | ||||
| TOTAL FUNDS | 3,649.534 | 3,598,756 |
| Depreciation is provided at the followi life. |
ng annual rates in order to write |
|---|---|
| Long leasehold | in accordance with the lease |
| Fixtures and fittings | 10%on cost |
| Dental equipment | 10%on cost |
| Computer and office equipment |
25% on cost |
| DONATIONS | AND LEGACIES | AND LEGACIES | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f. | ||||
| Chichester District Council |
7,438 | |||
| Undergraduate | account income | 400 | ||
| 7,838 | ||||
| Grants received, included | in the above, are as follows: | |||
| 2022 | 2021 | |||
| Other grants | 7,438 | |||
| INVESTMENT INCOME | ||||
| 2022 | 2021 | |||
| Rents receivable | 63,778 | 67,680 | ||
| Investment income |
22,459 | 17,038 | ||
| Bank interest | receivable | 25 | 70 | |
| 86,262 | 84,788 |
| 4. | INCOME FROM CHAR | ITABLE ACTIVITIES | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Medical | Total | ||||
| centre | activities | ||||
| Rent | 26,143 | 76,402 | |||
| Equipment 8c maintenance Out ofhours supervisor |
charge | 35 | 882 40 |
||
| 26,178 | 77,324 | ||||
| 5. | RAISING FUNDS | ||||
| Investment management |
costs | 2022 | 2021 | ||
| Portfolio management | 6,169 | 5,171 | |||
| 6. | CHARITABLE ACTIVITIES COSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 7) | Totals | |||
| Medical centre | 72,286 | 3,481 | 75,767 | ||
| 7. | SUPPORT COSTS | ||||
| Governance | |||||
| costs | |||||
| Medical centre | 3,481 |
| TANGIBLE FIXEDASSE | TS | ||||
|---|---|---|---|---|---|
| Computer | |||||
| Fixtures | and | ||||
| Long | and | Dental | office | ||
| leasehold | fittings | equipment | equipment | Totals | |
| COST | |||||
| At 1stApril 2021 and 31stMarch 2022 |
2,501,930 | 226,722 | 39,294 | 42,774 | 2,810,720 |
| DEPRECIATION | |||||
| At 1st April 2021 Charge for year |
1,061,819 44,667 |
172,894 4,937 |
39,294 | 40, 110 1,881 |
1,314,117 51,485 |
| At 31stMarch 2022 | 1,106,486 | 177,831 | 39,294 | 41,991 | 1,365,602 |
| NET BOOK VALUE | |||||
| At 31stMarch 2022 | 1,395,444 | 48,891 | 783 | 1,445, 118 | |
| At 31stMarch 2021 | 1,440, 1 1 1 | 53,828 | 2,664 | 1,496,603 |
| Cash held | ||||
|---|---|---|---|---|
| as part | ||||
| Listed | of | |||
| investments | portfolio | Totals | ||
| MARKET VALUE | ||||
| At 1stApril 2021 Additions |
1,087,082 344,849 |
9,910 298,081 |
1,096,992 642,930 |
|
| Disposals | (1,431,931 ) | 905,563 | (526,368) | |
| At 31stMarch 2022 | 1,213,554 | 1,213,554 | ||
| NET BOOK VALUE | ||||
| At 31stMarch 2022 | 1,213,554 | 1,213,554 | ||
| At 31stMarch 2021 | 1,087,082 | 9,910 | 1,096,992 | |
| There were no investment | assets outside the UK. | |||
| HISTORIC COST | ||||
| At 31stMarch 2022 | nil | |||
| At 31stMarch 2021 | 984,217 |
| FAIR VALUE | |
|---|---|
| At 1st April 2021 and 31stMarch 2022 |
628,976 |
| NET BOOK VALUE At 31stMarch 2022 |
628,976 |
| At 31stMarch 2021 | 628,976 |
| HISTORIC COST | |
| At 31stMarch 2022 | 476,470 |
| At 31stMarch 2021 | 476,470 |
| 12. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Debtors | 23,158 | 93,311 | ||
| Prepayments | and accrued income | 5,478 | 5,120 | |
| 28,636 | 98,431 | |||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2022 | 2021 | |
| f. | ||||
| Creditors | 7,969 | 11,329 | ||
| Accruals and | deferred income | 4,496 | 4,541 | |
| 12,465 | 15,870 |
| MOVEME | NT IN FUND | S | |||
|---|---|---|---|---|---|
| Net | |||||
| movement | At | ||||
| At 1.4.21 | in funds | 31.3.22 | |||
| Unrestricted funds |
|||||
| Designated Designated |
-Endowment —Undergraduate |
fund fund |
3,209,439 27,946 |
33,227 | 3,242,666 27,946 |
| 3,237,385 | 33,227 | 3,270,612 | |||
| Restricted | funds | ||||
| Asthma Day Centre Darren |
6,025 24,692 |
293 1,199 |
6,318 25,891 |
||
| MFU | 3,662 | 178 | 3,840 | ||
| Urology | |||||
| 13,972 | 679 | 14,651 | |||
| RAP Scott | Research | 185,882 | 9,027 | 194,909 | |
| Robert Hawkins | 14,932 | 725 | 15,657 | ||
| Surgical Vascular |
19,832 12,797 |
963 622 |
20,795 13,419 |
||
| Colorectal | 8,881 | 432 | 9,313 | ||
| Charities funds |
70,000 | 3,399 | 73,399 | ||
| Aneurysm Simson |
301 395 |
15 19 |
316 414 |
||
| 361,371 | 17,551 | 378922 | |||
| TOTALFUNDS | 3,598,756 | 50,778 | 3,649,534 |
| Net movem | ent in funds, |
included in the ab |
ove are as follows: | ||||
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| Unrestricted funds |
|||||||
| Designated | -Endowment | fund | 89,956 | (72,286) | 15,557 | 33,227 | |
| Restricted | funds | ||||||
| Asthma Day Centre Darren |
375 1,536 |
(161) (659) |
79 322 |
293 1,199 |
|||
| MFU | 228 | (98) | 48 | 178 | |||
| Urology | |||||||
| 870 | (373) | 182 | 679 | ||||
| RAP Scott | Research | 11,564 | (4,963) | 2,426 | 9,027 | ||
| Robert Hawkins | 929 | (399) | 195 | 725 | |||
| Surgical Vascular |
1,234 796 |
(530) (341) |
259 167 |
963 622 |
|||
| Colorectal | 554 | (238) | 116 | 432 | |||
| Charities | funds | 4,354 | (1,869) | 914 | 3,399 | ||
| Aneurysm Simson |
19 25 |
(8) (11) |
4 5 |
15 19 |
|||
| 22,484 | (9,650) | 4,717 | 17,551 | ||||
| TOTAL | FUNDS | 112,440 | (81,936) | 20,274 | 50,778 |
| Comparati | v | es for movem |
ent in funds |
|||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.4.20 | in funds | 31.3.21 | ||||
| Unrestricted funds |
||||||
| Designated Designated |
- Endowment - Undergraduate |
fund fund |
2,964,981 27,946 |
244,458 | 3,209,439 27,946 |
|
| 2,992,927 | 244,458 | 3,237,385 | ||||
| Restricted | funds | |||||
| Asthma Day Centre Darren |
4,870 19,959 |
1,155 4,733 |
6,025 24,692 |
|||
| MFU | 2,960 | 702 | 3,662 | |||
| Urology | ||||||
| 11,294 | 2,678 | 13,972 | ||||
| RAP Scott | Research | 150,252 | 35,630 | 185,882 | ||
| Robert Hawkins | 12,070 | 2,862 | 14,932 | |||
| Surgical Vascular |
16,031 10,344 |
3,801 2,453 |
19,832 12,797 |
|||
| Colorectal | 7,179 | 1,702 | 8,881 | |||
| Charities | funds | 70,000 | 70,000 | |||
| Aneurysm Simson |
243 319 |
58 76 |
301 395 |
|||
| 305,521 | 55,850 | 361,371 | ||||
| TOTAL | FUNDS | 3,298,448 | 300,308 | 3 598756 |
| Comparative | net moveme | nt in funds, inclu |
ded in the above are as |
follows: | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| f. | ||||||
| Unrestricted funds |
||||||
| Designated | - Endowment | fund | 152,842 | (71,052) | 162,668 | 244,458 |
| Restricted | funds | |||||
| Asthma Day Centre Darren |
354 1,450 |
(176) (723) |
977 4,006 |
1,155 4,733 |
||
| MFU | 215 | (107) | 594 | 702 | ||
| Urology | ||||||
| 820 | (409) | 2,267 | 2,678 | |||
| RAP Scott | Research | 10,914 | (5,443) | 30,159 | 35,630 | |
| Robert Hawkins | 876 | (437) | 2,423 | 2,862 | ||
| Surgical Vascular |
1,164 752 |
(581) (375) |
3,218 2,076 |
3,801 2,453 |
||
| Colorectal | 522 | (260) | 1,440 | 1,702 | ||
| Aneurysm Simson |
17 24 |
(8) (12) |
49 64 |
58 76 |
||
| 17,108 | (8,531) | 47,273 | 55,850 | |||
| TOTAL FUNDS | l69,950 | (79,583) | 209,94 l | 300,308 |
| A current | y | ear 12months |
and prior year 12months | combined position is as follows: |
||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At 1.4.20 | in funds | 31.3.22 | ||||
| Unrestricted funds |
||||||
| Designated Designated |
-Endowment -Undergraduate |
fund fund |
2 964981 27,946 |
277,685 | 3,242,666 27,946 |
|
| 2,992,927 | 277,685 | 3,270,612 | ||||
| Restricted | funds | |||||
| Asthma Day Centre Darren |
4,870 19,959 |
1,448 5,932 |
6,318 25,891 |
|||
| MFU | 2,960 | 880 | 3,840 | |||
| Urology | ||||||
| 11,294 | 3,357 | 14,651 | ||||
| RAP Scott | Research | 150,252 | 44,657 | 194,909 | ||
| Robert Hawkins | 12,070 | 3,587 | 15,657 | |||
| Surgical Vascular |
16,031 10,344 |
4,764 3,075 |
20,795 13,419 |
|||
| Colorectal | 7,179 | 2,134 | 9,313 | |||
| Charities | funds | 70,000 | 3,399 | 73,399 | ||
| Aneurysm Simson |
243 319 |
73 95 |
316 414 |
|||
| 305,521 | 73,401 | 378,922 | ||||
| TOTAL | FUNDS | 3,298,448 | 351,086 | 3,649,534 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| Designated | —Endowtnent | fund | 242,798 | (143,338) | 178,225 | 277,685 |
| Restricted | funds | |||||
| Asthma Day Centre Darren |
729 2,986 |
(337) (1,382) |
1,056 4,328 |
1,448 5,932 |
||
| MFU | 443 | (205) | 642 | 880 | ||
| Urology | ||||||
| 1,690 | (782) | 2,449 | 3,357 | |||
| RAP Scot.tResearch | 22,478 | (10,406) | 32,585 | 44,657 | ||
| Robert Hawkins | 1,805 | (836) | 2,618 | 3,587 | ||
| Surgical Vascular |
2,398 1,548 |
( 1,1 I I ) (716) |
3,477 2,243 |
4,764 3,075 |
||
| Colorectal | 1,076 | (498) | 1,556 | 2, 134 | ||
| Charities | funds | 4,354 | (1,869) | 914 | 3,399 | |
| Aneurysm Simson |
36 49 |
(16) (23) |
53 69 |
73 95 |
||
| 39,592 | (18,181) | 51,990 | 73,401 | |||
| TOTAL | FUNDS | 282,390 | (161,519) | 230,215 | 351,086 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies Chichester District Counci1 |
7,438 | |||
| Undergraduate account income |
400 | |||
| 7,838 | ||||
| Investment income Rents receivable Investment income |
63,778 22,459 |
67,680 17,038 |
||
| Bank interest receivable | 25 | 70 | ||
| 86,262 | 84,788 | |||
| Charitable activities Rent |
26,143 | 76,402 | ||
| Equipment &maintenance Out ofhours supervisor |
charge | 35 | 882 40 |
|
| 26,178 | 77,324 | |||
| Total incoming resources |
112,440 | 169,950 | ||
| EXPENDITURE | ||||
| Investment management Portfolio management |
costs | 6,169 | 5, 171 | |
| Charitable activities |
||||
| Insurance Postage and stationery Sundries Other Out ofhours supervisor Repairs &maintenance Student accommodation Depreciation oftangible |
costs fixed assets |
11,716 1,039 89 2,538 5,419 51,485 |
11,385 56 120 394 195 2,161 5,256 51,485 |
|
| 72,286 | 71,052 | |||
| Support costs | ||||
| Governance costs Independent examination |
fees | 3,481 | 3,360 | |
| Total resources expended | 81,936 | 79,583 | ||
| Net income before gains | and losses | 30,504 | 90,367 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| Realised recognised | gains and losses | ||
| Realised gains/(losses) | on fixed asset investments | 20,274 | 19,809 |
| Net income | 50,778 | 110,176 |