Charlty Teglstratlon numbar 270869 Company Yegistratlon number 01264050 (England and Wales) OXFORD KIDNEY UNIT TRUST FUND LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
OXFORD KIDNEY UNIT TRUST FUND LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr P Mason Dr E Shaiples Mrs D Grove Dr U Udayaraj Mi S Pangu Mr T Gib50n Dr R Haynes Dr T Connor Di C Winearls DrT Dasgupta Professor C Pugh Mrs A Thoinl8y Mr J Leach Secretsry Mrs C Devlln Charlty numb8r 270869 Cornpany number 01264050 Reglstered offlce Oxford Kidney Unil Office Churchhill Hospital Headinglon Oxford OX3 7LE Independ¢nt examlner Crilchley5 Audit LLP Beaver House 23-38 Hythe Brldge Road Oxloid Oxon OX12EP
OXFORD KIDNEY UNIT TRUST FUND LIMITED CONTENTS Pag Trustees, report Independent examinefs report Slalemenl of financlal ac¢iMties Balance sheet Notes lo the financial statements 8-14
OXFORD KIDNEY UNITTRUST FUND LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT} FOR THE YEAR ENDED 31 MA Y 2022 The trustees present Ihelr annual report and financial slalemenls for the year ended 31 May 2022. The financial slaletnenls have been prepared in accordance with the accounting policies set out in nole 1 to the financial statements and comply wilh the Charity's governing document, the Companies Act 2006 8nd "Accounting and Reporiing by Charities.. Statement of Recotnrnended Piadice applieable to chaiities pparIng their accounts in accordance with the Financial Reportlng Standard applicable In Ihe UK and Republic of Ireland IFRS 1021" leffeclive 1 January 20191. Objectives and activities The principal activity of the company is that of 8 ¢harily, established for the advancernent and education and other purp08e8 benefici81 lo the communlty and In parilcular for the followng reasons. The advancement and promotion of tnedical iesear¢h into renal disèasès. their complieations, and treatment. The dissem5natlon of the results ol such rese0 by all possible rneans and as widely as possible to all who can benefit from it in any manner possibLe. To piomolè inl8rèst in renal disease and kndney failure to indwiduals and the public al large. To operate by itself or with oth81 85tablishtnents for chaiitable purposes. to promote the objeets ol the charity by co- operating with a variety of sources and publiuty but not carrying out any trading act ol a permanent naluie. To make any Charitab donakn'on either in cash or a55ets which the charity sees fft. The charity has the general aim of conlribuling lo the quality of lrfe of p8tients under the care of the Oxford Kldney Unil and ils satellite units in Milton Keynes, High Wcombe, Swindon, Stoke MandevSlle. The Horton, Banbury. and fuluie planned satellites. Expenditure on the charilvs activities is determined by discussion wlth the trustees. hospital senior nurses, and any other inleiested parties. The truslees have paid due regard lo guidancè i$$uod by Ihs Ch8rfty Commlsslon In decldlng what acllvities the charity should undertake.
OXFORD KIDNEY UNIT TRUST FUND LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2022 Achlevements and performan¢e During the couise of the year, the charity was able lo pay for equipmenl Irorn bo(h general and specific futKls. One large item was a CX50 Ultrasound Machine costing £31,278.50. In addilion, the fullds We able lo support staff educatiorn by attendan al both virtU818nd physical conferences- this lolalled £3.3(K.80. Some other large itèms we were able lo fund were.. £5,060 support for Poli8h Transplant Sport Society £1,000 Article in BMJ £1,375 Registration fees for transplant sport athlete8 Financlal revSew Under the Memorandurn 8nd Articles of ASS0¥tiOn. the trustees have thè rK)wer lo invest in such assets as they . see fit. The Fund's Investments include quoted inveslm8nts. treasury stock, and cash deposits which the tiustees consider lo be in line with the charity's investment objectives. The investment portfolio is piesently categorised by their investment manager as hawng a baland Investment objective and medium level of risk. £184,868 of the total investments of £3,848.018 is held in gilt8, deposils, and bonds. The balance of £3,663,150 is invested in equities and other investrnents with a view lo compensating for inflation pending expenditure of future projects. The charity does not invesl in any company which the Iwsle¢s consider detrimental to society. the environment, or on elhi¢al grounds. Donations and l$gacles are Ihe principlè continuing source of funds, the others re1ale to Investment income. During the year, charity received £27,953 in legacies and donations12021.' £24,342). Inveslmtrnl Income decreased from £80,800 in 2021 to £72,507 in 2022 {A decrease o110°k}. Overall, the total Incomlng re80ur¢8$ decreased frorn £105.142 in 202110 £100,460 in 2022 {A decre8se of 4%). Included In resour8 expènded are Ihe fol*)vAng costs.. PortFolio monagement fees increased from £27.103 in 2021 to £29,141 in 2022 (An increase of 8%). The portfolio ch8rgtrs are 0.7% of the lolal investments. Support costs increased frorn £5,512 In 2021 to £5,593 in 2022 (An incre88e of 1 %). Governance costs decreased from £8.267 in 2021 to £4,870 in 2022 IA decrease of 44%). Overall, total resouice$ expended in the year increased from £67,415 In 202110 £109,735 In 2022 (An incre88e of 63%). Nel income before other recognised gains antl losses lor 2022 was 8 loss of £9,27512021.' A gain of £37,997). An overall decre88e of £47,272. The galnslllossesl on Investmenl movements for 2022 amounted to a gain of £69,02912021'. A gain of £388,952}. The lo181 net Income for the yoarwas £59,75412021.' £426,8791, 8 decrease of £366.925186Vtsl.
OXFORD KIDNEY UNIT TRUST FUND LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT> (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2022 Reserves pollcy It Is the policy ol the ch8rity that unreslricled funds whlch have nol been designated for a specific use should be maintained at a level equivalent lo between three and six month's expenditure. The trustees wnsider that reserves 81 thi5 level will ensure that. in the event ol a signific8nl diop in ILinding, they will be able to continue the charity's eurrent activities while consideration is given lo way5 in which additional funds may be raised. This level of ieserves has been mainl8ined throughout the year. As at 31 May 2022, unie81iiclÉd funds were £3,385,219. Structu, governance and management Governing Document The charity is conlro118d by Its governing dooument, a deed ol Irusl, and constitutes a11mited company. limlted by guarantee, as defined by the Companies A¢t 2006 The trustees, who are also the dlreciors for the purpose of company law, and who seNed during the year and up to the dale of signature of the financial slalem8nts were.. Dr P Mason Dr E Sharples Mrs D Grove Dr U Udayaraj Mr S Pangu Mr T Gib50n Dr R Haynes Dr T Connor Dr C Wnearl8 Dr T Dasgupta Profes501 C Pugh Mrs A Thomley Mr J Leach Appolfitment of Trustees The board of Trustees comprise renal consultants,. the Matron foi Haenv)dialysis and GAPD,. and patient representatives. 2 with business expertise and a solicitor. Al e8eh annual general rneeting, one third of Ihe rllembeis of the Board of Trustees ietire from office and by agreement, have the opportunity to be re-elected. Thi5 Is in accordance with theArtlcles olAssocialion. Organisatlon The board of directors (who are the Iru8ttresl admlnlster Ihe chaiity. The board meets l¢e a year {whh indudes an annual general meelingl. The day to day operations of the charity are delegated to and managed by the secretary under the direction of the chair. The ch8ii and secretary meet al regular intervals to monilor ongoing operations and discuss future plans. Trustee Inductlon and Tralnlng Trustees re1ve a copy of the Memorandurn and Articles ol A88OCl81ion together with the Chaiity Commission leaflet on the responsibilities of Iiuslees. The majority of th8 trustees are medical consultants and consequent would be quite familiar with the charity objectives. The other trustees are guided by advice from the consullanls. Ongoing training needs 8re addressed as and when required. Related Partles The charity is an independent trust fund which is administered wlhin Ihe Oxford Kidney Unil.
OXFORD KIDNEY UNIT TRUST FUND LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2022 Risk Management The trustees activèly review the major risks which face the charity on 8 iegular basis and belleve that the Iiust, having adequate free resources, combined with an annual review of key financial controls will provide sufficient 8afeguaids in the event ol adverse conditions. The Iruslfyes have also examined other operalionaj and business risks which face the charity and confim Ihal they have esl8bllshed systems lo mltigale thern. The Chaiity does not hold fijndraising events and consequently risk from fire and healih and Safely is reduced. A roserves policy ha8 been set up to manage financial risk and is regularly revWed by the trustees. The trustees have delegated InvestsneRI powers to Barclays Wealth. The trustee5 maintain re9ul8r contact with Barclays Wealth lo discuss the perfortnarn and future requ1MentS of the Qhaiily. Barc5ays W8allh has a number of policies in Pla to ensure th81 any risks they face are managed Efficiently. These include the following.. Clients IM)0 make use of Barclays Vvealth's nominee servlces have their stock registered in the name of one of 8arcJays Wealth's nominee companies. The nominee companies are exclu5ivety non-trading companies as their $018 purpose is lo hold securities on behalf of their dient. These securities aio Govered ty the FSA Investors. Compensat Services. Bardays Wealth also carries Professional Indemnity and Comprehensive Crfme insuran¢e that provides additional cover ol up lo £20 million for each and every claim in the event ol clients, stock being mi88ppropriated. In addition, should a claim exceed this figure then Barclays Wealth also has the sKJtential protection ol ils parent company'8 Crime and Civil Liability Insuran Policy. Transactions can only lake place be aulhoiised instruction. 11 is a requirement that all movements of stock to and from Barclays Wealth custodians are only affected on authorisation by authorised personnel. The Irugtees, port wa5 approved by the Board of Tru8lees. Dr P Mason Trust•a Dale.. i4-1111_2
OXFORD KIDNEY UNIT TRUST FUND LIMITED CRITCHLEYS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OXFORD KIDNEY UNIT TRUST FUND LIMITED I r&port to the trustees on my examination of the financial statements of Oxford Kidney Unit Trust Fund Limited Ilhe tharityl for the y88r ended 31 May 2022. Responsibilitles and basls of report As the trustees of Ihe charity land also Its directors for the purposes of company law) you are responsible for ihe pieparation of the financial statements In accordance with the requirements of the Companie5 Act 2006 Ilhe 26 Act). Having satisfied myself that the financial statements of the chaiity are not required to be audited under Part 16 of the 2Crf)6 Act and are eligible lor independent examination, I report in respect of my examination of the tharity's financial slalernents caiiled out undei Section 145 of the Chaiilies Act 2011 Ilhe 2011 Adl. In carying out my examination I have followed all the applicable Directions given by Ihe Charity Commission undei section 14515llbl ol the 2011 Act. Ind8pandent 8xaminerfs stat¢ment I have completed my examination. I conflrm that no matters have CO lo my attention in connection with the examination givin9 me caus8 to believe that IN any rnalerial respect.. accounting records were not kept in respect of the charity as required by sectitsn 386 of the 2006 Act,. or the finanbyal slalements do not accoid with those records,. or the financial statements do not comply with the accountlng requirements of section 396 of the 2006 Act other than any requirement that the awounts givè a liue and fair view whith Is not a mattel ¢onsidefed as part of an independent examination", or the financial sl8lements have not been prepared in acrdanCe wilh the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other mallers in connection wilh the examinatlon to whlch attention should be drawn in this report in order lo enable a propel understanding of the financlal statements lo be reached. Gary Pready FCA For and on behalf of CrftthleysAudit LLP Beavei House 23-38 Hythe Bridge Street Oxford Oxon OX1 2EP Dated". 28.11.2022
OXFORD KIDNEY UNIT TRUST FUND LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 IWA Y 2022 Unrestricted R8strieted funds funds 2022 2022 Total Unrestrlcted Restricted funds funds 2021 2021 Tot81 2022 2021 Notes Incoma from: Donation8 and l¢ga¢los Inveslrnenls 18,766 72.507 9,187 27,953 72,507 13.076 80,800 11,266 24,342 80,800 Total Income 91,273 9,187 100.460 93,876 11,266 105,142 Ex enditure on: Raising funds 34,734 34,734 32,615 32.615 Charitable activitS 60.803 14,198 75,001 16.017 18,783 34.800 Total expendlture 95,537 14,198 109,735 48,632 18.783 67,415 Nel gain811108ses1 on nvestments 69,029 69.029 388,952 388,952 Gross Iran8fer8 b8tween fvnds Net movement In funds 131.2491 402,947 31,249 23,732 64.785 15,011} 59,754 426.679 Fund balances at 1 June 2021 3,320.454 1.139,175 4,459,629 2,917,507 1,115,443 4.032,950 Fund balan¢&s at 31 May 2022 3,385,219 1.134,164 4,519.383 3.320,454 1,139.175 4.459,629 The statement of financi81 activitles includes all gains and losses regnIsd in the year. All income and expenditure derive from continuing activities. The stalernent ol financial activities also complies wilh the reqU1MentS for an income and expenditure ac(x)unl under the Companies Act 2006.
OXFORD KIDNEY UNIT TRUST FUND LIMITED BALANCE SHEET AS AT31 MAY2022 Restat•d 2021 2022 Note$ Fix8d assets Investments 10 3,943,213 3.905,887 Current assets Debtor8 Cash at bank and in hand 11 1,280 608,746 3.308 564,144 610.026 567,452 Credltor8-. amounts talllng du8 wlthln one y8ar 12 133,856} 113,710} Net current assets 576,170 553,742 Total assets less eurrent liabllltles 4,519.383 4,459,629 Income fund5 Restricted funds unStrIcted funds 13 1,134,164 3.385,219 1.139,175 3,320,454 4,519,383 4.459,629 The company is entilled lo the exemption from the audit requlremenl contained in section 477 01 the CompaniesAct 2006, for the year ended 31 May 2022. The directors acknOedge their ie8ponsibilities for complying with the requirements of th& Compani8s Act 2008 with respect lo accounting record5 and Ihe pieparation of fsnancial 8latemenl8. The Members have not required the company lo obtain an audil of ils financial stalemenls for the year in question i accordance with section 476. These flnancial statements have been prepared in accordance with th8 provisions applicable lo companies subject lo the small companie8 reglme. 2021 balances have been iestaled to reflect a change in presentation policy applied in 2022. Pieviously, cash at bank and creditors falling due within one year were spli110 Show resliicted and uniestricled elements. This split has now been removed which has the effect of reducing bolh cash at bank and cdItorS tslling due within one year by 21.127,834 in 2021. The effeei on lotsl funds was £NII. financi l statements were approved by the Trustees on ..... ... Dr P Mason Trustee Company registratlon number 01264050
OXFORD KIDNEY UNIT TRUST FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MA Y 2022 Accounting pollcles Charlty Infomiation Oxfoid Kidney Unit Tru81 Fund Limited is a piivate company limited by guarantee incorpoiated in England and Wales. The registered office is Oxfoid Kidney Unil Office, Churchill Hospital, He8dington, Oxford, OX3 7LE. 1.1 Accountlng conventlon The ffin8ncial slatemenls have been prepared in accordan with the charity's Articles of Assoelalion. the Companies Act 2006, FRS 102 "The Finanaal Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102,1 and- Ihe Chaiilles SORP 'kncounting and Reporiing by Charities.. Slalernenl ol Recommended Practice applicable to charib'es preparing their accounts In accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. The charity is a Publi¢ Benefrt Entity as deffined by FRS 102. The tharily has laken advantage of the piovislons in the SORP for charftles not to piepare a Stalemenl of Cash Flows. The financial statements are prepared in sltsrling, which is the functional currency of the charity. Monetary 8mounls in thes8 financial statements are rounded to the nearest £. The fin8neial statements have been prepared under the historical cost eonvenlion. The prin¢lpAI accounting policies adopted are set out below. 1.2 Going coneern At the time of approving Ihe financlal statemellls, the trustees have a reasonable expeclalion th81 the charity has adequate resources to continue in operatlonal exislenoe for the foreseeable future. Thus the trusletrs eontlnue to adopt the going conr basis of accounling in preparlng the financi31 statements. 1.3 Charltable funds Unrestricted funds can be used in accordance with the chaiitable objeclives al the dlscretion of the Iruslees. Restricled funds can only U88d for pariicular r85lricted purposes within the obi'ecis of Ihe charily. Restriction5 arise when specified by the donor or when funds are raised for partlcular reslrioled purposes. Further explanation of the nature and purposes of trach fund is includ8d in the notes to lh9 financial staternents. 1.4 Income All incoming resources are in¢luded on ihe Slalement of Financial Activities when the charity is legal entitled to the income and the arnount can be quanlrfied with reasonable accuracy. The following speclfic policies ale 8ppld to particular categories ol in(xJme. Voluntary income is received by way of grants, endowments, donations, and gifts and is included in full in the Statement of Financial Activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognized wh9n the charity becomes uncondilionally entitled to the grant. The value of services ha5 not been included. Legacies are included when the charity is advlsed by the personal representative of an estate that lh8 payment will be rnade or property transferred and the arnounl involved can be quantified. Income from inve51tn8nts is included in the year in which rt is ieceivable.
OXFORD KIDNEY UNIT TRUST FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2022 Accounting pollcles Icontlnuedl 1.5 Expendlture Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all sts related lo the category. Where costs cannot be directly allribuled to particular headings. they have been allocated lo activities on a basis con818lent with the use of Igsources. Expendiluie includes any VAT which cannot be fully recovered and is reported as part ol the expenditure to which il lates. Costs of generallng funds comprise inveslrnent managers, costs. Charitable expenditure compiises those costs incurred by the charity In the delivery of Ils aclNrtie$ and serviTrs for ils beneficiaries. It includes both costs that can be allocated directly to such activitS and those costs of an Indirecl nature necessary lo support them. Support costs are those costs Incurred directly In Spport of expenditure on the objects of the th8rlty and include projecl management. Governance costs comprise 811 costs involving the public awounlability ol the chatY and ils mplIan regulations with good piactice. These costs include costs relating lo independent examination and legal fees I&ther with an apportionment of overhead and support costs. Grants offered subject lo conditions which have not been rT*t At the year-end date are noted as 8 commitment bul not accrued as expenditure. 1.8 Fixèd asset investments Investtnents held as fixed assets are ievalued at mid-market value at the balance sheet da18 and the gain 01 loss taken lo the Statement of Flnancial Activities. All gains and losses are taken to the Slalemtsnl ol Financial Activities as they arise. Realised gains and losses on invèslmenls are calculated as the differen between sale proceeds and open market v81ue lor purchas8 date if later). Uniealised gains and losses are c8l¢ulated as the difference between the market value at the year end and openlng mark81 value lor purchase date il later). 1.7 Cash and cash equlva19nts Cash and cash equivalents include cash in hand. deposrts held at call wilh banks, cash contained within the investment portfolio, other short-lerw liquid investments with original matuiities ol three months or less, and bank overdraft8. 8ank overdrafts are shown within borrowings in cvrrent liabilities. q.8 Taxation The charity 18 exempt from corporation lax on ils chariiable acliwlies. Critical accounting estlmates and judgement8 In the appltcation of the charlly's accountlng policies, the trLtstees are required to make judgernents. estimates and assumptions about the carryillg amount of asset5 and liabilities that are not readily apparent from other sources. The estimates and associated assumptlons are based on historical experiern and other factors that are considered to be rèlwant. Aclu81 results may differ from these eslirnales. The estimates and undeitylng assumptions are reviewed on an ongoing basis. Revisions lo accounting estiw8tes are recogni5ed in the period in which the ¢stimate is revised where the Tevision affects only that period. or in the p6rfod of the ievision and future periods where the revision affects both current and lulure periods. Thé Trustees do not consider that there are any key areas of jud9oment or estirnalion uncertainty within the financial statements.
OXFORD KIDNEY UNIT TRUST FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2022 Donatlons and legacle$ Unrèstrlcted Restrlcled funds funds Total Unreslrieled fund8 Restricted funds Total 2022 2022 2022 2021 .2021 2021 Donalions and gifts Legacies receivable 18,786 9.187 27,953 13,076 5,699 5,567 18,775 5,567 18,766 9,187 27,953 13,076 11.266 24,342 Invèstments Unrestrlcted unstrIcted. funds funds 2022 2021 Inveslmenl Income Bank Inte$t 72.197 310 80,778 22 72,507 80,800 Ralsing tunds Unrestricted Unreslricled funds funds 2022 2021 Raising Donations and Legacles Support Costs 5,593 5.512 Raising Donations and Legacies 5.593 5,512 Inve51menl Management 29.141 27,103 34,734 32,615 10-
OXFORD KIDNEY UNIT TRUST FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2022 Charitablè actlvltles Costs 2022 Costs 2021 Charity Governance Costs 70.331 4,670 26,533 8,267 75.001 34,800 75.001 34,800 Analysls by fund Unreslrict8d funds Restricted funds 60,803 14,198 16,017 18,783 75,001 34,800 Governance costs includes independenl examination fees of £4.67012021 - £3,4501 Trustsès None of the Iruslees lor any persons connecled wilh Iheml received any remuneration or benefits from the charity during the year. {2021 None) Employees The charrty does not employee staff directly. Therèfore no employe8 received emoluments of mor9 than t60,00012021.' None) Netoalnslllossesl on Investmants Unrestricted Unrestricted funds funds 2022 2021 Revaluation of investnEnls 69,029 368,952
OXFORD KIDNEY UNIT TRUST FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2022 10 Flxed asset Investments Listed Inv?$tments Cash In portfollo Totol Cost or valuatlon At 1 Jun8 2021 Additions Valuation changes Other cash movements Dispos818 3,800,213 681.043 69,029 105,674 1681,0431 3,905.887 89,029 131,7041 131,7041 702.267 1702,2671 At 31 May 2022 3,848.018 95.194 3,943.212 Carrying amount At 31 May 2022 3.848.018 95,194 3,943.212 Al 31 May 2021 3,800,213 105,674 3,905,887 11 Debtors 2022 2021 Amounts falling due withln one year: Other debtors Prepayments and accrued income 1.280 2,328 1,280 3,308 12 Cradltors: amounts falllng due wlthln one year Re$tsted 2021 2022 Ac¢ruals and deferred Income 33,856 13,710 12-
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OXFORD KIDNEY UNIT TRUST FUND LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 MA Y 2022 14 Analysls of net a55ets between funds Unrestricted Restii¢ted funds funds 2022 2022 Total Unrestricted fijnds 2021 Restricted funds 2021 Total 2022 2021 Fund balances at 31 May 2022 are represented by.. Inve51ments Curienl assetsllliabilitiesl 3,943,213 1557,994} 1.134,164 3,943,213 576,170 3,905,887 1585,4331 1.139.175 3,905,887 553,742 3,385,219 1.134,164 4,519.383 3,320.454 1,139,175 4.459,629 15 Purposes of Restrletod Funds The Barnes Fellowship Fund supports doctors and scientists lo undertake re8ear¢h whilsl working In the Oxford Research F8cilities. .The HDU fund was created for specific donations towards the High Dependency Unil. The PO Unil Fund was created ft>r specific donallons towards the Peritoneal Dlalysis Unil. The Research and Educalion Fund was created foi donatlons lor general 18search. The education of medical and nursing staff are utilised within this fund. Thè fund has been separated into olhei subsidiary funds for donors tts have the opportunity to donate lo speclfic education funds. The Wycombe Renal Unil Fund was created for speclfic donations towards the Wycomb9 Renal Unil. The Tarver Unil Fund was created for specific donations towards the Tarver Un51. Th8 Aeademlc Fund 15 to be used lo pay locums to cover consultants peiiodiealty carrying out rasearch instead of Iheir clinical work. The &Mndon Kidney Unil Fund has been created for specific donatlons towards the Swindon Kidney Unit. The Milton Keynes Renal Unil Fund has been created for specific donallons toward5 the Milton Keynes Renal Unil. The Renal Ward Fund has been created foi specific donations towards the Ren81 Ward. This indudes conlribulions towards the improvement lo the Renal Ward Building. The Oxford Ghent Summer School Fund has been (*eated for the purpose of the oiganisation of the Oxford- Ghenl Dialysls and TTanspL4ntatlon Survmer School. The Horton Renal Unit Fund has been created for specific donations towards The Horton Renal Unit. The Stoke Malldeville Renal Unil Fund has been Created for specific donations towards the Stoke Mandeville Renal Ursil. The Young Adult Clinic Fund has been created lo meet the spebific needs for Ihe well-boing of young adult transplant patients. 16 Related party transactlons There We no disdosable related party transactions during th& year12021 none). 14-