**Charity number: 277393** ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 5| |**Independent Examiner's Report**|6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8| |**Notes to the Financial Statements**|9 - 15| **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023** **Trustees** A Mongaudon BC Sellick R Menzies **Charity registered number** 277393 **Principal office** Oliver Plunkett Education Centre St Peters Hospital Guildford Road Surrey KTl6 0PZ Page 1 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** The Trustees present their report and the financial statements for the year ended 31 March 2023. The Trustees who served during the year and up to the date of this report are set out on page 1. ## **Objectives and activities** ## **a. Objectives** The object of the Trust is the advancement of medical education amongst the members of the medical profession ( junior doctors) practising in the NW Surrey Health District which covers the Urban District Council districts of Egham, Chertsey, Woking and Walton & Weybridge. ## **b. Activities undertaken to achieve objectives** The provision of multi-disciplinary education facilities including simulation suites, study suite for IT access, seminars, tutorials and study days covering all medical specialties. ## **Achievements and performance** ## **a. Main achievements of the Charity** Educational Activity Educational activity is increasing at a fast pace as driven by the requirement of Health Education England/GMC with reviews and recommendations being initiated at all times. Heath Education England now governs all aspects of training and education for junior doctors and other professions such as nurses and bio-medical scientists, specialty doctors and therapists. This year has again been heavily influenced and impacted by the pandemic, affecting the usual deliverables to the junior doctors. Simulation has been very important in teaching the junior doctor workforce who have needed to learn new skills to treat patients during the pandemic. There are also now additional simulation programmes for GPs, nurses and support professions. An extra simulation suite has been built into the existing space and is already being utilised. Initiatives have included a Registrar Ready course and an outreach to schools in the community. ## Inspection Visits Inspections were not held this year and action plans put on hold during this period. Page 2 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **Achievements and performance (continued)** ## Office and Managerial Developments We moved into new open plan offices this year with the intention of bringing clinical education staff into one department, rather than working in silos, as had been the case in the past. This will enable us to pool resources and utilise skills of all team members to produce a calendar of workshops and teaching to deliver to the clinical staff. ## New Initiatives We re-introduced Tea Trolley Teaching this year, to help bring teaching to the wards and the multi-professional team. This is bitesize teaching brought to the shop floor with the attraction of bringing tea and morning snacks to encourage staff to stop for refreshments but learn something new at the same time. ## GMC Survey The GMC carries out an annual survey with all trainee doctors, to obtain an understanding of the training and education provision of each hospital and to gauge trainee satisfaction levels. We saw a marked improvement in the survey results between 2018 and 2019 with a reduction in the number of outliers (red flags) from 21 and 11. However, this year we have seen a unfortunate increase in the number of outliers, with a number of specialties showing a higher proportion of outliers than expected. This Trust is expected to respond all red flags with a proposed action plan. The Education team have met with each individual department to explore the potential causes of each outlier and where possible a solution suggested. ## Clinical Education Annual Report The Trust now publishes a Clinical Education Annual Report. Copies are available from the principal office. ## Plans for 2023/2024 Through the pandemic it has been imperative that we support the wellbeing of our junior doctor workforce. Training for anything other than Covid-19 proved difficult and it is now imperative that we build a programme of recovery training and wellbeing offerings to those that may need it. We will also be looking at expanding the simulation equipment to enable us to deliver to the wider workforce. ## **b. Investment policy and performance** The trustees hold the capital and income of the Trust to apply in such manner in pursuance of the object of the Trust as they see fit. Page 3 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **Financial review** ## **a. Reserves policy** The Trustees have examined the Charity's requirements for reserves in light of the main risks to the organisation and future development. The Trustees are reviewing the resources and facilities required for educational activity with the intention of utilising these funds for the development of new simulation and clinical skills services, as well as the modification of teaching rooms and associated audio-visual equipment. Reserves are also carried forward to future periods to ensure suitable funding in the event of a short term deficit of incoming resources and unforeseen operational costs. The balance in reserves at the end of the period is £218,119. The balance at bank is £203,178. ## **b. Statement of trustees' responsibilities** The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** **Structure, governance and management** ## **a. Constitution** The Oliver Plunkett Postgraduate Centre Charitable Trust is a registered charity, number 277393, and is constituted as an unincorporated charitable body. ## **b. Financial risk management** The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to mitigate those risks. Approved by order of the members of the board of Trustees on 24 January 2024 and signed on their behalf by: ## **Angela Mongaudon Trustee** Page 5 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023** ## **Independent Examiner's Report to the Trustees of The Oliver Plunkett Postgraduate Centre Charitable Trust ('the Charity')** I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023. ## **Responsibilities and Basis of Report** As the Trustees , you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 24 January 2024 John Wells, Mossgroves LLP Woodham, Surrey Page 6 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**Note**
Donations and legacies:
2
Voluntary income
_._ Other donations and legacies
Charitable activities
3
Other trading activities
Investments:
4
Bank Interest received
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**-**
**23,085**
**33,787**
**-**
**937**
**57,809**
**70,175**
**70,175**
**(12,366)**
**230,485**
**(12,366)**
**218,119**|**Total**
**funds**
**2023**
**£**
**-**
**23,085**
**33,787**
**-**
**937**
**57,809**
**70,175**
**70,175**
**(12,366)**
**230,485**
**(12,366)**
**218,119**|_Total_
_funds_
_2022_
_£_
_13,468_
_-_
_15,805_
_-_
_22_
_29,295_
_46,801_
_46,801_
_(17,506)_
_247,991_
_(17,506)_
_230,485_| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 15 form part of these financial statements. Page 7 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **BALANCE SHEET AS AT 31 MARCH 2023** |**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
Unrestricted funds
**Total funds**|**203,178**
**203,178**
**(2,591)**|**2023**
**£**
**17,532**
**17,532**
**200,587**
**218,119**
**218,119**
**-**
**218,119**
**218,119**|_212,450_
_212,450_
_(2,591)_|_2022_
_£_
_20,626_| |---|---|---|---|---| |||||_20,626_
_209,859_| |||||_230,485_| |||||| |||||_230,485_| |||||_-_
_230,485_| |||||| |||||_230,485_| The financial statements were approved and authorised for issue by the Trustees on 24 January 2024 and signed on their behalf by: ___________________________ **BC Sellick** (Trustee) The notes on pages 9 to 15 form part of these financial statements. Page 8 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. Accounting policies** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. ## **1.1 Basis of preparation of financial statements** The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. The financial statements are presented in GBP and rounded to the nearest £. ## **1.2 Income resources** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to the particular categories of income: Voluntary income is received by the way of grants, 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 recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **1.3 Resources expended** Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. All expenditure is inclusive of irrecoverable VAT. ## **1.4 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Page 9 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. Accounting policies (continued)** ## **1.4 Tangible fixed assets and depreciation (continued)** Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life . Depreciation is provided on the following basis: Fixtures and fittings - 15% reducing balance ## **1.5 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.6 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## **1.7 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Page 10 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2. Income from donations and legacies** |Donations
Donations|**Unrestricted**
**funds**
**2023**
**£**
23,085
_Unrestricted_
_funds_
_2022_
_£_
_13,468_|**Total**
**funds**
**2023**
**£**
**23,085**| |---|---|---| |||_Total_
_funds_
_2022_
_£_
_13,468_| ## **3. Income from charitable activities** |NLS
Winter colorectal meeting
Other
GPST Training (GP Trainees)
GP Teaching
STRICT
PACES
**Total 2023**|**Unrestricted**
**funds**
**2023**
**£**
9,190
2,000
450
11,000
1,137
9,000
1,010
33,787|**Total**
**funds**
**2023**
**£**
**9,190**
**2,000**
**450**
**11,000**
**1,137**
**9,000**
**1,010**| |---|---|---| |||**33,787**| Page 11 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **3. Income from charitable activities (continued)** |NLS
GPST Training (GP Trainees)
STRICT
_Total 2022_|_Unrestricted_
_funds_
_2022_
_£_
_9,555_
_5,000_
_1,250_
_15,805_|_Total_
_funds_
_2022_
_£_
_9,555_
_5,000_
_1,250_| |---|---|---| |||_15,805_| ## **4. Investment income** |**Unrestricted**
**funds**
**2023**
**£**
Bank interest receivable
937
_Unrestricted_
_funds_
_2022_
_£_
Bank interest receivable
_22_|**Total**
**funds**
**2023**
**£**
**937**| |---|---| ||_Total_
_funds_
_2022_
_£_
_22_| ## **5. Employees** No salaries or wages have been paid to employees, including the Trustees, during the year. The average number of employees during the period was Nil (2022:Nil) Page 12 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **6. Analysis of expenditure on charitable activities** Summary by fund type |NLS Expense
Catering cost
GPST Training (GP Trainees)
GP Tutor Events
Support costs
**Total 2023**
GP Training
NLS Expenses
Catering costs
A/V Equipment and Support
GPST Training (GP) Trainees
GP Tutor Events
Support Costs
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
10,152
20,558
11,742
7,825
19,898
70,175
_Unrestricted_
_funds_
_2022_
_£_
_(500)_
_6,302_
_12,215_
_72_
_7,012_
_5,910_
_15,790_
_46,801_|**Total**
**funds**
**2023**
**£**
**10,152**
**20,558**
**11,742**
**7,825**
**19,898**
**70,175**
_Total_
_funds_
_2022_
_£_
_(500)_
_6,302_
_12,215_
_72_
_7,012_
_5,910_
_15,790_
_46,801_| |---|---|---| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £400 ( _2022_ - _£360_ ). ## **8. Trustees' remuneration and expenses** During the year, no trustee received any remuneration or other benefit (2022 - £NIL). During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL). Page 13 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 April 2022
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_
**Creditors: Amounts falling due within one year**
**2023**
**£**
Accruals and deferred income
**2,591**|**Fixtures and**
**fittings**
**£**
**183,905**
**183,905**
**163,279**
**3,094**
**166,373**
**17,532**
_20,626_
_2022_
_£_
_2,591_| |---|---| **10. Creditors: Amounts falling due within one year** Page 14 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **11. Statement of funds** Statement of funds - current year |||||**Balance at**| |---|---|---|---|---| ||**Balance at 1**|||**31 March**| ||**April 2022**|**Income **|**Expenditure**|**2023**| ||**£**|**£**|**£**|**£**| |**Unrestricted Funds**||||| |General Funds|230,485|57,809|(70,175)|**218,119**| Unrestricted funds are funds which the trustees are free to use in accordance with the charitable objectives. ## **12. Analysis of net assets between funds** |Tangible fixed assets
Current assets
Current liabilities
**Total 2023**
Tangible fixed assets
Current assets
Current liabilities
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
17,532
203,178
(2,591)
218,119
_Unrestricted_
_funds_
_2022_
_£_
_20,626_
_212,450_
_(2,591)_
_230,485_|**Total**
**funds**
**2023**
**£**
**17,532**
**203,178**
**(2,591)**| |---|---|---| |||**218,119**| |||_Total_
_funds_
_2022_
_£_
_20,626_
_212,450_
_(2,591)_| |||_230,485_| Page 15 **Charity number: 277393** ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 5| |**Independent Examiner's Report**|6| |**Statement of Financial Activities**|7| |**Balance Sheet**|8| |**Notes to the Financial Statements**|9 - 15| **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023** **Trustees** A Mongaudon BC Sellick R Menzies **Charity registered number** 277393 **Principal office** Oliver Plunkett Education Centre St Peters Hospital Guildford Road Surrey KTl6 0PZ Page 1 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** The Trustees present their report and the financial statements for the year ended 31 March 2023. The Trustees who served during the year and up to the date of this report are set out on page 1. ## **Objectives and activities** ## **a. Objectives** The object of the Trust is the advancement of medical education amongst the members of the medical profession ( junior doctors) practising in the NW Surrey Health District which covers the Urban District Council districts of Egham, Chertsey, Woking and Walton & Weybridge. ## **b. Activities undertaken to achieve objectives** The provision of multi-disciplinary education facilities including simulation suites, study suite for IT access, seminars, tutorials and study days covering all medical specialties. ## **Achievements and performance** ## **a. Main achievements of the Charity** Educational Activity Educational activity is increasing at a fast pace as driven by the requirement of Health Education England/GMC with reviews and recommendations being initiated at all times. Heath Education England now governs all aspects of training and education for junior doctors and other professions such as nurses and bio-medical scientists, specialty doctors and therapists. This year has again been heavily influenced and impacted by the pandemic, affecting the usual deliverables to the junior doctors. Simulation has been very important in teaching the junior doctor workforce who have needed to learn new skills to treat patients during the pandemic. There are also now additional simulation programmes for GPs, nurses and support professions. An extra simulation suite has been built into the existing space and is already being utilised. Initiatives have included a Registrar Ready course and an outreach to schools in the community. ## Inspection Visits Inspections were not held this year and action plans put on hold during this period. Page 2 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **Achievements and performance (continued)** ## Office and Managerial Developments We moved into new open plan offices this year with the intention of bringing clinical education staff into one department, rather than working in silos, as had been the case in the past. This will enable us to pool resources and utilise skills of all team members to produce a calendar of workshops and teaching to deliver to the clinical staff. ## New Initiatives We re-introduced Tea Trolley Teaching this year, to help bring teaching to the wards and the multi-professional team. This is bitesize teaching brought to the shop floor with the attraction of bringing tea and morning snacks to encourage staff to stop for refreshments but learn something new at the same time. ## GMC Survey The GMC carries out an annual survey with all trainee doctors, to obtain an understanding of the training and education provision of each hospital and to gauge trainee satisfaction levels. We saw a marked improvement in the survey results between 2018 and 2019 with a reduction in the number of outliers (red flags) from 21 and 11. However, this year we have seen a unfortunate increase in the number of outliers, with a number of specialties showing a higher proportion of outliers than expected. This Trust is expected to respond all red flags with a proposed action plan. The Education team have met with each individual department to explore the potential causes of each outlier and where possible a solution suggested. ## Clinical Education Annual Report The Trust now publishes a Clinical Education Annual Report. Copies are available from the principal office. ## Plans for 2023/2024 Through the pandemic it has been imperative that we support the wellbeing of our junior doctor workforce. Training for anything other than Covid-19 proved difficult and it is now imperative that we build a programme of recovery training and wellbeing offerings to those that may need it. We will also be looking at expanding the simulation equipment to enable us to deliver to the wider workforce. ## **b. Investment policy and performance** The trustees hold the capital and income of the Trust to apply in such manner in pursuance of the object of the Trust as they see fit. Page 3 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **Financial review** ## **a. Reserves policy** The Trustees have examined the Charity's requirements for reserves in light of the main risks to the organisation and future development. The Trustees are reviewing the resources and facilities required for educational activity with the intention of utilising these funds for the development of new simulation and clinical skills services, as well as the modification of teaching rooms and associated audio-visual equipment. Reserves are also carried forward to future periods to ensure suitable funding in the event of a short term deficit of incoming resources and unforeseen operational costs. The balance in reserves at the end of the period is £218,119. The balance at bank is £203,178. ## **b. Statement of trustees' responsibilities** The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 4 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** **Structure, governance and management** ## **a. Constitution** The Oliver Plunkett Postgraduate Centre Charitable Trust is a registered charity, number 277393, and is constituted as an unincorporated charitable body. ## **b. Financial risk management** The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to mitigate those risks. Approved by order of the members of the board of Trustees on 24 January 2024 and signed on their behalf by: ## **Angela Mongaudon Trustee** Page 5 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023** ## **Independent Examiner's Report to the Trustees of The Oliver Plunkett Postgraduate Centre Charitable Trust ('the Charity')** I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2023. ## **Responsibilities and Basis of Report** As the Trustees , you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 24 January 2024 John Wells, Mossgroves LLP Woodham, Surrey Page 6 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**Note**
Donations and legacies:
2
Voluntary income
_._ Other donations and legacies
Charitable activities
3
Other trading activities
Investments:
4
Bank Interest received
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**-**
**23,085**
**33,787**
**-**
**937**
**57,809**
**70,175**
**70,175**
**(12,366)**
**230,485**
**(12,366)**
**218,119**|**Total**
**funds**
**2023**
**£**
**-**
**23,085**
**33,787**
**-**
**937**
**57,809**
**70,175**
**70,175**
**(12,366)**
**230,485**
**(12,366)**
**218,119**|_Total_
_funds_
_2022_
_£_
_13,468_
_-_
_15,805_
_-_
_22_
_29,295_
_46,801_
_46,801_
_(17,506)_
_247,991_
_(17,506)_
_230,485_| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 15 form part of these financial statements. Page 7 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **BALANCE SHEET AS AT 31 MARCH 2023** |**Note**
**Fixed assets**
Tangible assets
9
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
Unrestricted funds
**Total funds**|**203,178**
**203,178**
**(2,591)**|**2023**
**£**
**17,532**
**17,532**
**200,587**
**218,119**
**218,119**
**-**
**218,119**
**218,119**|_212,450_
_212,450_
_(2,591)_|_2022_
_£_
_20,626_| |---|---|---|---|---| |||||_20,626_
_209,859_| |||||_230,485_| |||||| |||||_230,485_| |||||_-_
_230,485_| |||||| |||||_230,485_| The financial statements were approved and authorised for issue by the Trustees on 24 January 2024 and signed on their behalf by: ___________________________ **BC Sellick** (Trustee) The notes on pages 9 to 15 form part of these financial statements. Page 8 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. Accounting policies** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year. ## **1.1 Basis of preparation of financial statements** The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. The financial statements are presented in GBP and rounded to the nearest £. ## **1.2 Income resources** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to the particular categories of income: Voluntary income is received by the way of grants, 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 recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **1.3 Resources expended** Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management. All expenditure is inclusive of irrecoverable VAT. ## **1.4 Tangible fixed assets and depreciation** Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Page 9 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. Accounting policies (continued)** ## **1.4 Tangible fixed assets and depreciation (continued)** Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life . Depreciation is provided on the following basis: Fixtures and fittings - 15% reducing balance ## **1.5 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.6 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## **1.7 Financial instruments** The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Page 10 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2. Income from donations and legacies** |Donations
Donations|**Unrestricted**
**funds**
**2023**
**£**
23,085
_Unrestricted_
_funds_
_2022_
_£_
_13,468_|**Total**
**funds**
**2023**
**£**
**23,085**| |---|---|---| |||_Total_
_funds_
_2022_
_£_
_13,468_| ## **3. Income from charitable activities** |NLS
Winter colorectal meeting
Other
GPST Training (GP Trainees)
GP Teaching
STRICT
PACES
**Total 2023**|**Unrestricted**
**funds**
**2023**
**£**
9,190
2,000
450
11,000
1,137
9,000
1,010
33,787|**Total**
**funds**
**2023**
**£**
**9,190**
**2,000**
**450**
**11,000**
**1,137**
**9,000**
**1,010**| |---|---|---| |||**33,787**| Page 11 ## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **3. Income from charitable activities (continued)** |NLS
GPST Training (GP Trainees)
STRICT
_Total 2022_|_Unrestricted_
_funds_
_2022_
_£_
_9,555_
_5,000_
_1,250_
_15,805_|_Total_
_funds_
_2022_
_£_
_9,555_
_5,000_
_1,250_| |---|---|---| |||_15,805_| ## **4. Investment income** |**Unrestricted**
**funds**
**2023**
**£**
Bank interest receivable
937
_Unrestricted_
_funds_
_2022_
_£_
Bank interest receivable
_22_|**Total**
**funds**
**2023**
**£**
**937**| |---|---| ||_Total_
_funds_
_2022_
_£_
_22_| ## **5. Employees** No salaries or wages have been paid to employees, including the Trustees, during the year. The average number of employees during the period was Nil (2022:Nil) Page 12 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **6. Analysis of expenditure on charitable activities** Summary by fund type |NLS Expense
Catering cost
GPST Training (GP Trainees)
GP Tutor Events
Support costs
**Total 2023**
GP Training
NLS Expenses
Catering costs
A/V Equipment and Support
GPST Training (GP) Trainees
GP Tutor Events
Support Costs
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
10,152
20,558
11,742
7,825
19,898
70,175
_Unrestricted_
_funds_
_2022_
_£_
_(500)_
_6,302_
_12,215_
_72_
_7,012_
_5,910_
_15,790_
_46,801_|**Total**
**funds**
**2023**
**£**
**10,152**
**20,558**
**11,742**
**7,825**
**19,898**
**70,175**
_Total_
_funds_
_2022_
_£_
_(500)_
_6,302_
_12,215_
_72_
_7,012_
_5,910_
_15,790_
_46,801_| |---|---|---| ## **7. Independent examiner's remuneration** The independent examiner's remuneration amounts to an independent examiner fee of £400 ( _2022_ - _£360_ ). ## **8. Trustees' remuneration and expenses** During the year, no trustee received any remuneration or other benefit (2022 - £NIL). During the year ended 31 March 2023, no Trustee expenses have been incurred (2022 - £NIL). Page 13 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 April 2022
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_
**Creditors: Amounts falling due within one year**
**2023**
**£**
Accruals and deferred income
**2,591**|**Fixtures and**
**fittings**
**£**
**183,905**
**183,905**
**163,279**
**3,094**
**166,373**
**17,532**
_20,626_
_2022_
_£_
_2,591_| |---|---| **10. Creditors: Amounts falling due within one year** Page 14 **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **11. Statement of funds** Statement of funds - current year |||||**Balance at**| |---|---|---|---|---| ||**Balance at 1**|||**31 March**| ||**April 2022**|**Income **|**Expenditure**|**2023**| ||**£**|**£**|**£**|**£**| |**Unrestricted Funds**||||| |General Funds|230,485|57,809|(70,175)|**218,119**| Unrestricted funds are funds which the trustees are free to use in accordance with the charitable objectives. ## **12. Analysis of net assets between funds** |Tangible fixed assets
Current assets
Current liabilities
**Total 2023**
Tangible fixed assets
Current assets
Current liabilities
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
17,532
203,178
(2,591)
218,119
_Unrestricted_
_funds_
_2022_
_£_
_20,626_
_212,450_
_(2,591)_
_230,485_|**Total**
**funds**
**2023**
**£**
**17,532**
**203,178**
**(2,591)**| |---|---|---| |||**218,119**| |||_Total_
_funds_
_2022_
_£_
_20,626_
_212,450_
_(2,591)_| |||_230,485_| Page 15 THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 PAARCH 2023 Indep8ndgnt Examlnarfs Roport to th• Tw$tses of The Ollver Plunkgtt Po$tgradu*o C&ntr¢ Charltsbi8 Trust (Yhe Charlty'l I report to the Charity Trustoes on my examination of the accounts of the Charity for the year ended 31 March 2023.. Responsibillties and Basis of R•port As the Tru51888 . you arg responsible for the prepara￿On of the a(￿Unts in accordanc8 with the requlrements of the Charities Act 2011 I'lhg 2011 Act'l. I report in respect of my examination of the Charitys ac(x)unts carried out under section 145 of the 2011 Act and in carywng out my exarninalion I have followed the applicablfr Directlons given by tho Charity Commission under section 14515llbl of the 2011 Act. Indepèndent Examinerfs Statement Your attontion is drawn lo the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statemant of Racommèndèd Pr8cti¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in thè UK and R8public of Ireland IFRS 1021 in pr8f8renc& lo the Accounting and Reporting by Charities.. Statement ol Recomm8nd8d Practi¢0 issued on 1 April 2005 which is referr8d to in the extant regulations bul I￿$ been wtthdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for ￿PortIng periods beginning on or after 1 January 2015. I have completed my 8xamination. I cKJnfimi thot no matters have come to my attention in ¢x)nnection with the examination gimng me cause lo believe that in any material respect.. accounting records were not kept in respect of th& Charity as required by sectlon 130 of the 2011 Act,. or the a￿nts do not accord with those records; or the accounts do not comply with the applicable fequirements conceming the fom and content of accounts set out in the Charities (Accounts and Roportsl Regulab'ons 2008 other than any wqu1￿ment that the accounts give a Yrue and fairf view which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters In connection wllh the axaminatlon to which attention should be drawn in this report in order lo enable a prop8r understanding of the accounts to be reached. This report 18 made solely lo the Charitys Trustees, as a body. in accordancg With Part 4 of the Charities (Accounts and Reports) Regulab'ons 2008. My work has bgen und&rtak8n so that I might slate lo the Charivs Trustees those matters l am requir8d to state to th8m in an Independent Examinels Report and for no other purpose. To the fiJllest extent pgm)itt8d by law, I do not accept or assume reswnslblllty lo anyon8 other than the Charitys Tnjstees as a body, for my work or ft)r this report. Signed.. John Wells. Moss9rovos LLP Woodham, Surr&y -fuJo, Dated: 24 January 2024 Page 6