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|DirectorsReport|page 4|
|---|---|
|MainActivities|page4|
|Structure,GovernanceandManagement|page6|
|FinancialReview|page7|
|StatementofDirectors Responsibilities|page9|
|Independent Auditors'Repofttothe|page11|
|MembersofMedicalEngineeringResource||
|Unit||
|Balance Sheet|page16|
|StatementofFinancialActivities|pageL7|
|Notesto theFinancialStatements|page18|
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|Risk|Howthisisexpectedtobe managed|
|---|---|
|MERUremain heavily relianton|MERUareincreasingtheproportion of|
|charitabledonationstofund|incomethatisself-generated yearon|
|operations.Thereisdiminishing|yearandworkcloselywithQEF|
|availabilityand increasingcompetition|EngagementsandPartnershipsteam to|
|forthesefunds.|supportfundraisinq initiatives.|
|Continuedpressureonsupplylinesdue|MERUare continuallyassessingstock|
|topost-Coviddemand on shipping
meansthattheavailabilityofkey|requirements andplanningincreased
leadtimes intoproductionschedules.|
|componentsremains a challenge.|The useof alternativesuppliersand/or|
||materialsis considered on acase by|
||case basis.|
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||||2023|||2l¡22|
|---|---|---|---|---|---|---|
||Note|Ê,|Ê,|E||E|
|Fixedassets:|||||||
|Tangible assets|3||LL7,942|||157,981|
||||1L7,942|||r57,ggr|
|Current assets|||||||
|Stocks|4|92,578||95,446|||
|Debtors|5|22,L43||26,579|||
|Cashatbankandinhand||128,310||L46,455|||
|||243,O37||268,48O|||
|Creditors|||||||
|Amountsfalling duewithinone
year|6|Qe7,7L3)||(3L4,447)|||
|Netcurrentassets|||(38,682)|||(45,967)|
|Total assetslesscurrentliabilities|||79,260|||It2,Ot4|
|Provisions|7||(57,L43)|||(57,t43)|
|Netassetorliabilities|||22,LL7|||54,87L|
|I|||||||
|Accumulatedfunds|||||||
|Restricted funds|9||||-|48,78O|
|Unrestricted funds|9||22,1L7|||6,091|
|Totalaccumulatedfunds|||_?zil1_|||54,871|
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|||2lJ23|2023|2023|2022|
|---|---|---|---|---|---|
||Notes|Unrestricted
Funds
E|Restricted
Funds
E
TotalFunds
Ê
TotalFunds
r|||
|INCOME:||||||
|Donations andlegacies
Charitable activities|11
t2|rr5,9L7
t89,244|174,453|29O,370
L89,244|379,388
256,554|
|BusinessGrants|L2|7,766||7,766|10,382|
|TotalOperat¡ngIncome||312,927|174,453|487,380|646,324|
|EXPENDITURE;||||||
|Raisingfunds
Charitable activities|13
t4|L5,254
28L,647|223,233|L5,254
504,880|30,830
586,035|
|TotalOperat¡ng Expend¡ture||296,90t|223,233|520,t34|616.865|
|NetOperating(Expenditure)/Inaome||L6,026|(48,780)|(32,754)|29,459|
|Reonciliationof funds:||||||
|Total funds brought forward||6,091|48,780|54,87L|25,4L2|
|Totalfunds carriedforward||22,L17||22,tI7|54.87r|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Plantand|MotorVehicles|Total|
||Equipment|||
||E|E|r.|
|CostatL4.22|548,427|7,0r5|555,442|
|Additions
Disposals
Costat3L.3.23|33,844
(1.745\
580,526|7,OLs|33,844
(1745,\
587,547|
|Depreciationatt.4.22
Charueforyear
Ondisposals
Depreciationat31.3.23|390,446
73,883
(t-745\
462,584|7,OLs
7,OLs|397,46r
73,883
(1.745\
469,599|
|NET BOOK VALUEat31.3.23
NET BOOKVALUEAT.3T.3,22|Lt7 942
157_C81||117.947
1q7qR1|
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|2023|2022|
|---|---|
|E|E|
|92,578
92.578|95,446
95.446|
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||2023|2022|
|---|---|---|
|Amountsfallingduewithinoneyear:|E,|E|
|Debtorsforequipmentsold|13,184|2L,579|
|Rent Deposit reEpsompremises|5,000|5,000|
|Prepayments& Accrued Income|3.
22.L43|26.579|
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|Allcreditors are financial instrumentsandanemeasuredatpre|sent value||
|---|---|---|
||2023|2022|
|Amountsfallingduewithinoneyear:|Â|E|
|Accruals|2,605|4,276|
|SundryCreditoß
HMRC(Re VAT)
Amount duetoparentorganisation
Purchase Ledger Control
Bugzi LoanDepos¡t|T4.T n
24t.71 ?
L,O4L
72
248,724
L5,L2t|5,385
289,575
r,76L
13_450
?14 447|
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||FORTHE YEAR|ENDED31MAR|CH2023(con|t'd)||
|---|---|---|---|---|---|
|7|PROVISIONS|||2023|2022|
|||||E|E|
||DilapidationReserve|||57,r43|57,L43|
|||||57,L43|57,t43|
|8|STATEMENT OF FUNDS|||||
|||Opening|Incoming|Resources|Closing|
||Act¡vity|Balance|Resources|Expended|Balance|
|||E|E|E|E|
||UnrestrictedFunds:|||||
||GeneralFund|6,091|3L2,927|296,90r|22,tL7|
||RestrictedFunds:|||||
||Bugzi|48,780|174,453|223,233||
||Engineer Salaries|||||
||Students|||||
||TotalAll Funds|54,87L|487,380|520,L34|22,Lt7|
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|ANALYSISOF NET ASSETS BY FUND||||
|---|---|---|---|
||Unrestr¡cted|Restr¡cted|TotalFunds|
||Fund|Fund|2023|
||E|E|E|
|TangibleFixedAssets|LL7,942||rL7,942|
|CurrentAssets|243,03L||243,03L|
|CurentLiabilities|t338.856)||1338.856)|
||22,rt7||22.tL7|
||Unrestricted|Restr¡cted|TotalFunds|
|---|---|---|---|
||Fund|Fund|2022|
||E|E|A|
|Tangiblefixedassets|157,981||157,981|
|Current Assets|2L9,699|48,780|268,480|
|Cunent Liabilities|1371.590')||t371.590)|
||6.091|48.780|54.87L|
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|RECONCILIATIONOF MOVEMENTINFUNDS|||
|---|---|---|
||2023|2022|
||Total|Total|
||Ê.|E|
|Opening funds
Net movementsofresourcesintheyear
Closing funds|54,87L
(32.754\
22.tt7|25,ALL
29,460
54.87L|
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|||2023|2023|2023|
|---|---|---|---|---|
||Category|Unrestricted|Restr¡cted|Total|
|||ç,|ç.|E|
|Trusts||65,000|78,343_|L43,343|
|MaiorDonorc||947||947|
|DirectMail||18,566|22,406|40,972|
|Corporate
Community
Other||677
16,816
13.911|18,516
55188|677
35,332
6C.OSg|
|||LLs,9T7|t74.453|290,370|
|||2022|2022|2022|
||Category|Unrestricted
E|Restricted
Ê.|Total
t|
|Trusts||68,016|140,600|208,616|
|MaiorDonorc||10,000|15,000|25,000|
|DirectMail||73,377|5,BOB|79,185|
|Corporate||249|3L,747|31,996|
|Community
Other||L2,099
185
L63.926|22,307
)1\-46)|34,406
185
37S-388|
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|All activitiesinthecunent andÞrioryearwereunrestricted.|||
|---|---|---|
||2023|2022|
||E,|E|
|SaleofEquipment bytheCharity
Business Grants|L89,244
7.|256,554
1ô?Ê?|
||L97.OLo|266,936|
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|||2023|2023|2023|
|---|---|---|---|---|
|||Direct Costs|StaffCosts|TotalFunds|
|||E.|E|E|
|Unrestricted||L5,254||t5,254|
|Restricted-Bugzi|||||
|||L5,254||L5,254|
|||2022|2022|2022|
|||Direct Costs|StaffCosts|TotalFunds|
|||Â|Â|ç.|
|Unrcstricted||831|12,962|L3,793|
|Restr¡cted-Buqzi|||17.038|17.038|
|||831|30,000|30,830|
|CHARITABLEACTIVITIES|||||
|||2023|2023|2023|
|||D¡rect Costs|Support Costs|TotalFunds|
|||E|E,|ç.|
|InstantSolutions||335,358|165,655|501,013|
|Auditors'Remuneration|inc VAT||3.867|3.867|
|||335.358|L69.522|504.880|
|||2022|2022|2022|
|||Direct Costs
E.|Support Costs
E|TotalFundst|
|Bespoke Projects||r,326||L,326|
|TravelChair||5,161|5,887|11,048|
|InstantSolutions||298,808|272,383|57t,LgL|
|Auditors'Remuneration|incVAT||2,470|2,470|
|||305,295|280,740|586,035|
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|SUPPORTCOSTS||||
|---|---|---|---|
||2023|2023|2023|
||StaffCosts|OtherCosts|TotalFunds|
||E|E|c.|
|TravelChair||||
|InstantSolutions|1R74?Q|(17.977',1|169.522|
||L87.439|(77.9t7\|L69.522|
||2022
StaffCosts
Ê.|2022
2022
OtherCostsTotalFunds
EE,||
|TravelChair
InstantSolutions|2,64L
r22,L90
L24.L3L|3,298
t52.6tl
155,909|5,939
274,80I
280,740|
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