**Charity number: 277393**
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2025**
## **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 2025**
|**Trustees**|A Mongaudon|
|---|---|
||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 2025**
The Trustees present their report and the financial statements for the year ended 31 March 2025. 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.
We are developing more courses to deliver to the Multi-professional Team to up-skill and develop new skills to the workforce.
## Inspection Visits
There was a programme-wide review of specialty training in Cardiology across all acute Trusts this year. 90-minute focus groups were held via Microsoft Teams in July., with both trainees and TPDs. Finding from this review will be shared next year.
Page 2
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **Achievements and performance (continued)**
Office and Managerial Developments
Following an end of Tenure, we have appointed Mr Philip James as our new Clinical Tutor. Mr James is a Consultant Urologist and is the first Surgeon to hold the post. We are looking forward to working with him.
We were lucky enough to be able to recruit a further Clinical Teaching Fellow to deliver teaching to our Obstetric and Gynaecology Residents to help them acquire their curriculum skills.
## New Initiatives
We have focused on delivering and enhancing our current teaching sessions this year to allow them to bed in the curriculum provisions.
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 have been mixed results this year. This has been predominantly driven by a results from a number of specialties.
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:
- **Four of more Red Flags**
- **A Red Flag in one or more of the following indicators:**
- **Overall Satisfaction.**
- **Clinical Supervision**
- **Clinical Supervision Out of Hours**
- **Educational Supervision**
- **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 2024, we have been asked to respond to the Deanery in 2 specific problem Areas – ED and F2. 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.
Particular congratulations should go to the two specialities/programmes that have shown most improvement, being Obstetrics and Gynaecology and Paediatrics.
Clinical Education Annual Report
The Trust now publishes a Clinical Education Annual Report. Copies are available from the principal office.
## **Plans for 2025/2026**
We will also be looking at expanding the simulation offering to include a Sim-Ward, we were succesful in biding
Page 3
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **Achievements and performance (continued)**
for a Sim Fellow and this will be their project to manage.
## **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 4
**THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **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 £167,497. The balance at bank is £155,825.
## **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 5
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
**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: Date: 13 January 2026
Page 6
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025**
## **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 2024.
## **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: 13 January 2026
John Wells, Mossgroves LLP
Woodham, Surrey
Page 7
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**Note**
Donations and legacies:
2
_._ Other donations and legacies
Charitable activities
3
Other trading activities
Investments:
4
_._ 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**
**2025**
**£**
**10,501**
**31,524**
**-**
**2,015**
**44,040**
**31,160**
**31,160**
**12,880**
**154,617**
**12,880**
**167,497**|**Total**
**funds**
**2025**
**£**
**10,501**
**31,524**
**-**
**2,015**
**44,040**
**31,160**
**31,160**
**12,880**
**154,617**
**12,880**
**167,497**|_Total_
_funds_
_2024_
_£_
_17,566_
_40,873_
_-_
_2,092_
_60,531_
_124,033_
_124,033_
_(63,502)_
_218,119_
_(63,502)_
_154,617_|
|---|---|---|---|
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 2025**
|**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
Designated funds
General funds
Total unrestricted funds
**Total funds**|**157,422**
**157,422**
**(2,591)**
**(626)**
**167,498**|**2025**
**£**
**12,667**
**12,667**
**154,831**
**167,498**
**167,498**
**-**
**167,498**
**167,498**|_142,306_
_142,306_
_(2,591)_
_-_
_154,617_|_2024_
_£_
_14,902_|
|---|---|---|---|---|
|||||_14,902_
_139,715_|
|||||_154,617_|
||||||
|||||_154,617_|
|||||_-_
_154,617_|
||||||
|||||_154,617_|
The financial statements were approved and authorised for issue by the Trustees on 13 January 2026 and signed on their behalf by:
The notes on pages 10 to 16 form part of these financial statements.
Page 9
**THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **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 2025**
## **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 11
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **2. Income from donations and legacies**
|**Unrestricted**
**funds**
**2025**
**£**
Donations
10,501
_Unrestricted_
_funds_
_2024_
_£_
Donations
_17,566_|**Total**
**funds**
**2025**
**£**
**10,501**|
|---|---|
||_Total_
_funds_
_2024_
_£_
_17,566_|
## **3. Income from charitable activities**
|**Unrestricted**
**funds**
**2025**
**£**
NLS
31,366
GP CPD/Study Day
-
ACPGBI
-
Winter colorectal meeting
-
Other
158
GPST Training (GP Trainees)
-
STRICT
-
PACES
-
**Total 2025**
31,524|**Total**
**funds**
**2025**
**£**
**31,366**
**-**
**-**
**-**
**158**
**-**
**-**
**-**|
|---|---|
||**31,524**|
Page 12
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **3. Income from charitable activities (continued)**
|NLS
GP CPD/Study day
Catering
Dermatology Study Day
Other
GPST Training (GP Trainees)
STRICT
PLEAT
_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_|
## **4. Investment income**
|**Unrestricted**
**funds**
**2025**
**£**
Bank interest receivable
2,015
_Unrestricted_
_funds_
_2024_
_£_
Bank interest receivable
_2,092_|**Total**
**funds**
**2025**
**£**
**2,015**|
|---|---|
||_Total_
_funds_
_2024_
_£_
_2,092_|
## **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 (2024:Nil)
Page 13
## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **6. Analysis of expenditure on charitable activities**
Summary by fund type
|**Unrestricted**
**funds**
**2025**
**£**
NLS Expense
7,038
Catering cost
11,002
A/V Equipment & Support
626
GPST Training (GP Trainees)
138
GP Tutor Events
2,000
Support costs
10,355
**Total 2025**
31,159
_Unrestricted_
_funds_
_2024_
_£_
NLS Expenses
_4,504_
Study Days & Conference
_2,999_
Catering costs
_9,764_
Dermatology Study Day
_4,768_
A/V Equipment and Support
_58,576_
GPST Training (GP) Trainees
_5,812_
GP Tutor Events
_6,750_
Support Costs
_30,860_
_Total 2024_
_124,033_|**Total**
**funds**
**2025**
**£**
**7,038**
**11,002**
**626**
**138**
**2,000**
**10,355**|
|---|---|
||**31,159**|
||_Total_
_funds_
_2024_
_£_
_4,504_
_2,999_
_9,764_
_4,768_
_58,576_
_5,812_
_6,750_
_30,860_|
||_124,033_|
## **7. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £ - ( _2024_ - _£430_ ).
## **8. Trustees' remuneration and expenses**
During the year, no trustee received any remuneration or other benefit (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
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## **THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
|**9.**
**Tangible fixed assets**
**Cost or valuation**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
_At 31 March 2024_
**10.**
**Creditors: Amounts falling due within one year**
**2025**
**£**
Accruals and deferred income
**2,591**|**Fixtures and**
**fittings**
**£**
**183,905**|
|---|---|
||**183,905**|
||**169,003**
**2,235**|
||**171,238**|
||**12,667**|
||_14,902_|
||_2024_
_£_
_2,591_|
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**THE OLIVER PLUNKETT POSTGRADUATE CENTRE CHARITABLE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **11. Statement of funds**
Statement of funds - current year
|||||**Balance at**|
|---|---|---|---|---|
||**Balance at 1**|||**31 March**|
||**April 2024**|**Income **|**Expenditure**|**2025**|
||**£**|**£**|**£**|**£**|
|**Unrestricted Funds**|||||
|General Funds|154,617|44,040|(31,160)|**167,497**|
Unrestricted funds are funds which the trustees are free to use in accordance with the charitable objectives.
## **12. Analysis of net assets between funds**
|**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
12,667
Current assets
157,421
Current liabilities
(2,591)
**Total 2025**
167,497
_Unrestricted_
_funds_
_2024_
_£_
Tangible fixed assets
_14,902_
Current assets
_142,306_
Current liabilities
_(2,591)_
_Total 2024_
_154,617_|**Total**
**funds**
**2025**
**£**
**12,667**
**157,421**
**(2,591)**|
|---|---|
||**167,497**|
||_Total_
_funds_
_2024_
_£_
_14,902_
_142,306_
_(2,591)_|
||_154,617_|
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