Charity number: 277393
THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 16 |
THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024
| 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 2024
The Trustees present their report and the financial statements for the year ended 31 March 2024. 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/GMCwith 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 we have provided much more simulated teaching and clinical skill development sessions. Simulation is very important in teaching the junior doctor workforce who have needed to learn new specific skills as laid out in their curriculums.
Some of the simulation teaching is now provided to the multi-professional team not just Junior Doctors. Initiatives have included a Recognition of Acute Deterioration (ROAD) Workshop and members of our team attending a moulage course, to enable us to provide more realistic simulation for workshop and courses.
Inspection Visits
Inspections were not held this year as the results of the national GMC Survey of Training provisions were more favourable in our hospital than others in the region.
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance (continued)
Office and Managerial Developments
Our move into new open plan offices this year with the intention of bringing clinical education staff into one department has enabled us to pool resources and utilise skills of all team members to produce a calendar of workshops and teaching to deliver to clinical staff.
New Initiatives
We re-introduced Tea Trolley Teaching last year, to help bring teaching to the wards and the multi-professional team. This was really successful and we have continued with the provision this year.
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.
Unfortunately there has been a slight decline in our results this year. This has been predominantly driven by particularly mixed results from ED and Foundation doctors in Surgery.
From a Deanery perspective, we were asked to respond to particular areas of concern highlighted by the survey. The criteria that the Deanery use are:
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Four of more Red Flags
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A Red Flag in one or more of the following indicators:
-
Overall Satisfaction.
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Clinical Supervision
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Clinical Supervision Out of Hours
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Educational Supervision
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Induction
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.
In 2023, we have been asked to respond to the Deanery in 5 specific problem Areas – ED, Core Anaesthetics, F2 Surgery, GP and F2 Medicine. We would typically analyse these results in their programme groups. However, when there are fewer trainees in a speciality, we also use the GMC survey analytical tool to look at these specialities. We have not provided reports on specialities where there are only a few pink flags or no flags at all. These departments should be commended on their results and include:
Core surgical training, IMT stage 1, Medicine F1, Paediatrics and Trauma and Orthopaedics.
Particular congratulations to the two specialities/programmes that have shown most improvement:
Obstetrics and Gynaecology at ST level 2022 1 Green and 2 pink to 2023 1 Green and No pink
Cardiology (by Speciality post) - 2022 3 pink 1 red, 2023 to 2 Green and 1 Lime
Clinical Education Annual Report
The Trust now publishes a Clinical Education Annual Report. Copies are available from the principal office.
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance (continued)
Plans for 2024/2025
We will also be looking at expanding the simulation equipment to enable us to deliver to the wider workforce, due to the success of the programmes we already offer. We will also be looking to recruit a further Clinical Teaching Fellow to help deliver the increased offerings.
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.
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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 £154,617. The balance at bank is £142,306.
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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.
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
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 and signed on their behalf by:
Angela Langwith-Green Trustee Date: 29 January 2025
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THE OLIVER PLUNKETh POSTGRADUATE CENTRE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Indepondent Examlnerfs Report to the Trustees of The Ollvor Plunkett Poslgraduate Centre Charitablg TTu$t I'thg Charlty'l I report lo the Charity Trustees on my examination ol the accounts of the Charity for the year ended 31 March 2024. Responslbllltles and Basss of Report A5 the Trustses , are responsible for the preparation of the accounts in accordance with the requirements of the Charilies Acl 2011 I'lhe 2011 Acr). l port in respecl of my examination ol Ihe Chariws a¢counts carried out under section 145 of the 2011 Act and in carrying out my ex8min8tion I have lolk)wed the applicable Directions gTrven by the Charity Commission under se¢tpon 14515llbl of the 2011 Act. Independent Examlnèrfs Stat•m•nl Your attentn is drawn to the fact that the Charity has prepared the accounts in accordance with Acwunling and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in acwrdancè with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to Ihe Accounting and Reporting by Charits'es.. Statement of Recommended Pr8ctice issued on 1 April 2005 which is referred to in the extant regul81ions bul has been wlthdrawn. l understsnd that Ihis has been done in order for th8 accounts to provide a true and fair view in acCoanCe with the Generally A¢cepled Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have comg to my attention in connection the examination giving me caus8 to believe that in any rnaleri81 iesp8ct.' accoun*'ng fecords were not kept In respect of the Charity as required by section 130 of the 2011 Act.. or the aceounls do not ard with those records., or the accounts do not comply with the applicable requirements conceming the fomi and content of accounts sel out in the Charit$ IAc¢ounts and Reports) Regulations 2008 other than any requirement that Ihe accobJn15 gwe a 'lrue and fail vièw which is rt a matter considered as part of an indeoenI examinakn"on. I have no concems and h8ve come 8¢ross no other matters in connects'on with the examination lo which attentKJn slKJuld be drawn in this retM)rt in order to enable a proper understsnding of the a¢counts to be reached. This report is made solety to the Chaiitys Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Rewrtsl Regulations 2008. My work has been undertaken so that I might state to the Charitys Trustees those matters l am qUired lo slate to thom in an Indep8ndènl Examiner's Report and for no other purpose. To the fullest extent pem)ltted by law. I do not acc8Pt or assume responsibility lo anyon8 oth8r than the Charitys Trustees as a body, for my work or for I is rerx)rt. Slgned.. John Wells. Mossgroves LLP Woodham, Surrey Dated.. Page 7
THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Note Donations and legacies: 2 . Other donations and legacies Charitable activities 3 Other trading activities Investments: 4 Bank Interest received . Other investments 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 2024 £ 17,566 40,873 - - 2,092 60,531 124,033 124,033 (63,502) 218,119 (63,502) 154,617 |
Total funds 2024 £ 17,566 40,873 - - 2,092 60,531 124,033 124,033 (63,502) 218,119 (63,502) 154,617 |
Total funds 2023 £ 23,085 33,787 - 937 - 57,809 70,175 70,175 (12,366) 230,485 (12,366) 218,119 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 16 form part of these financial statements.
Page 8
THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
BALANCE SHEET AS AT 31 MARCH 2024
| 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 |
142,306 142,306 (2,591) |
2024 £ 14,902 14,902 139,715 154,617 154,617 - 154,617 154,617 |
203,178 203,178 (2,591) |
2023 £ 17,532 |
|---|---|---|---|---|
| 17,532 200,587 |
||||
| 218,119 | ||||
| 218,119 | ||||
| - 218,119 |
||||
| 218,119 |
The financial statements were approved and authorised for issue by the Trustees on 29 January 2025 and signed on their behalf by:
_________
Angela Langwith-Green (Trustee)
The notes on pages 10 to 16 form part of these financial statements.
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
2. Income from donations and legacies
| Donations Donations |
Unrestricted funds 2024 £ 17,566 Unrestricted funds 2023 £ 23,085 |
Total funds 2024 £ 17,566 |
|---|---|---|
| Total funds 2023 £ 23,085 |
3. Income from charitable activities
| NLS GP CPD/Study Day ACPGBI Winter colorectal meeting Other GPST Training (GP Trainees) GP Teaching STRICT PACES Total 2024 |
Unrestricted funds 2024 £ 13,600 540 393 2,000 13,160 5,000 - 6,113 67 40,873 |
Total funds 2024 £ 13,600 540 393 2,000 13,160 5,000 - 6,113 67 40,873 |
|---|---|---|
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
3. Income from charitable activities (continued)
| NLS Dermatology Study Day Other GPST Training (GP Trainees) GP Teaching STRICT PLEAT 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 |
|---|---|---|
4. Investment income
| Unrestricted funds 2024 £ Bank interest receivable 2,092 Unrestricted funds 2023 £ Bank interest receivable 937 |
Total funds 2024 £ 2,092 |
|---|---|
| Total funds 2023 £ 937 |
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 (2023:Nil)
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
6. Analysis of expenditure on charitable activities
Summary by fund type
| NLS Expense Study Days & Conference Catering cost Dermatology Study Day A/V Equipment & Support GPST Training (GP Trainees) GP Tutor Events Support costs Total 2024 NLS Expenses Catering costs GPST Training (GP) Trainees GP Tutor Events Support Costs Total 2023 |
Unrestricted funds 2024 £ 4,504 2,999 9,764 4,768 58,576 5,812 6,750 30,860 124,033 Unrestricted funds 2023 £ 10,152 20,558 11,742 7,825 19,898 70,175 |
Total funds 2024 £ 4,504 2,999 9,764 4,768 58,576 5,812 6,750 30,860 124,033 |
|---|---|---|
| Total funds 2023 £ 10,152 20,558 11,742 7,825 19,898 70,175 |
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £430 ( 2023 - £400 ).
8. Trustees' remuneration and expenses
During the year, no trustee received any remuneration or other benefit (2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
9. Tangible fixed assets
| Cost or valuation At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 Creditors: Amounts falling due within one year 2024 £ Accruals and deferred income 2,591 |
Fixtures and fittings £ 183,905 183,905 166,373 2,630 169,003 14,902 17,532 2023 £ 2,591 |
|---|---|
10. Creditors: Amounts falling due within one year
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THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
11. Statement of funds
Statement of funds - current year
| Balance at | ||||
|---|---|---|---|---|
| Balance at 1 | 31 March | |||
| April 2023 | **Income ** | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| Unrestricted Funds | ||||
| General Funds | 218,119 | 60,531 | (124,033) | 154,617 |
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 2024 Tangible fixed assets Current assets Current liabilities Total 2023 |
Unrestricted funds 2024 £ 14,902 142,306 (2,591) 154,617 Unrestricted funds 2023 £ 17,532 203,178 (2,591) 218,119 |
Total funds 2024 £ 14,902 142,306 (2,591) 154,617 |
|---|---|---|
| Total funds 2023 £ 17,532 203,178 (2,591) 218,119 |
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