## THE EGA HOSPITAL CHARITY
**Trustees’ Report**
## **and Unaudited Financial Statements**
for the year ended 30 September 2022
**Registered Charity Number 281153**
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **CONTENTS**
||**Page**|
|---|---|
|Charity information|1|
|Trustees’report|2|
|Independent examiner’sreport|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Accounting policies|8|
|Notes to the financial statements|10|
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **CHARITY INFORMATION**
## **Trustees**
Professor Melanie Davies – MA, MBBS, MRCP, FRCOG (Chair) Professor Anna David – MBChB, MRCOG, PhD – Ms Kati Gray BA(Hons) – Ms Julie Hogg MSc, BSc(Hons), RM, RN Mr Stuart Lavery – MBBCh Msc MRCOG Ms Nicola MacDonald MBBS (Hons), MD FRCOG (appointed 11 November 2022) – Professor Simon Waddington MSC, BSc(Hons), PhD Professor David Williams – MBBS, PhD, FRCP, FRCOG (retired 10 June 2022)
## **Charity secretary**
Mrs Maria Peace
## **Principal office**
Department of Women’s Health
2[nd] Floor North 250 Euston Road London NW1 2PG
## **Registered charity number**
281153
## **Bankers**
Co-Operative Bank Plc P.O Box 101 1 Balloon Street Manchester M60 4EP
## **Investment managers**
Cazenove Capital 12 Moorgate London EC2R 6DA
## **Solicitors**
Hempsons Hempsons House 40 Villiers Street London WC2N 6NJ
## **Independent Examiner**
Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
**Page 1**
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **TRUSTEES’ REPORT**
The trustees have pleasure in presenting their annual report for the purposes of the Charities Act 2011, together with the accounts for the year ended 30 September 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
The EGA Hospital Charity is a registered charity constituted under a trust deed dated 30 September 1980 as amended by scheme dated 15 June 1992 with further amendments 27 May 2014 and 26 April 2016. The name of the charity was changed from Elizabeth Garrett Anderson Hospital Appeal Trust to the EGA Hospital Charity on 27 May 2015.
The elected Chairman undertakes the role of trust manager on a voluntary basis assisted by the services of the charity administrator / secretary for 2 days per week.
When vacancies for Trustees become available, proposals for new Trustees can be made by any of the existing Trustees. When an applicant is thought to be appropriate by all the existing Trustees, the potential candidate is approached. The CVs of potential Trustees are considered by a meeting of all existing Trustees and appointments are made by unanimous decision of the Trustees with interviews as required.
The trustees have assessed the major risks to which the charity is exposed. The trustees believe that by ensuring controls exist over key financial systems they have established effective systems to mitigate those risks.
## **OBJECTIVES AND ACTIVITIES**
The charity’s objects are:
“the relief of sickness among women and the protection and preservation of the health of women particularly but not exclusively at the Elizabeth Garrett Anderson Hospital.”
In pursuance of its objects, the charity’s income, and, at the absolute discretion of the trustees, its capital, is applied in making grants.
In determining how the charity should pursue its objects, the trustees have had regard to the Charity Commission's guidance on public benefit and are satisfied that the information given elsewhere in this report, particularly regarding the main activities undertaken when read in conjunction with the charitable purposes of the charity, demonstrates that the requirements to identify public benefit have been met. In addition the Trustees ask that all requests for funding demonstrate that they are for the public benefit
## **ACHIEVEMENTS AND PERFORMANCE**
The year from October 2021 to September 2022 was productive for the charity, although the effects of the COVID-19 pandemic continued to influence our activities.
Our income from investments has been satisfactory in a difficult economic climate, with the continued involvement and support of the team at Cazenove Capital. They provide regular updates and personal contact with the charity. During this year there was an underspend compared to our projections, so we were able to re-invest accumulated income. We have continued to receive small donations via Just Giving and this year we received some larger individual donations from patients who had been treated at the hospital.
The Charity continued to provide grants in line with its objectives, as listed in page 11. The number of grant applications received started to increase after two quiet years. We made several awards to support patient care (for example, a video to support new mothers being discharged from hospital), to support frontline hospital staff, and to improve the hospital environment. Some projects which we supported through the “Innovation Fund” made slow progress as the hospital concentrated on rebuilding patient services.
A ’first’ for the charity this year was the award of a Research Scholarship to support PhD students undertaking research through the EGA Institute for Women’s Health; the applications were all of very high quality. The largest grants awarded this year were for research projects on pregnancy complications (fetal growth restriction and recurrent
**Page 2**
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **TRUSTEES’ REPORT**
stillbirth). We also supported courses and conferences in the department, such as staff training to improve care for bereaved parents.
The Anne Boutwood Travelling Fellowship continues to be awarded annually; this Fellowship enables a senior trainee in obstetrics and gynaecology to undertake a period of study overseas to enhance their training. The Fellowship attracts excellent applicants and two were supported this year. Two previous award-winners presented their experience at the annual meeting of the Institute for Women’s Health, one on male infertility and the other on maternity care in Sierra Leone.
Our administrator / secretary, Mrs Maria Peace (Maria Klasson), continues to work for the Charity on a part-time selfemployed basis. She has provided excellent administrative support for the Chair and Trustees whilst working offsite this year, visiting the office when required. The Charity’s meetings have been held online.
## **FINANCIAL REVIEW**
The main income of the charity continued to be that arising from the investment portfolio which, during the year amounted to £99,267 compared with £95,015 in the previous year. There were unrealised losses on investments of £187,313 compared with unrealised gains of £229,376 in 2021. At 30 September 2022 the investment portfolio was valued at £2,363,601 (2021: £2,471,167).
The Trustees consider that the investment portfolio is primarily to raise income for the charity, but part of the capital may also be required in the foreseeable future to fund charitable expenditure. The Trust therefore seeks to produce the best financial return within an acceptable level of risk and to aim for capital growth in excess of inflation and a stable, growing income stream. During the year under review additional investments costing £80,000 were added to the portfolio from investment income.
Grant expenditure, to which reference is made in the Achievements and Performance section of this report and in note 4 to the accounts, amounted to £64,176 (2021: £49,252) with grants written back of £16,267 and returned grants of £3,646 and other expenses amounting to £16,820 (2021: £16,647) giving total charitable expenditure of £61,083.The charity uses office space provided free of charge by the hospital.
The reserves policy is to have sufficient current assets at all times to enable the charity to meet its ongoing commitments. At 30 September 2022 these current assets amounted to £56,527 (2021: £70,555) of which £26,258 was restricted at the balance sheet date.
## **PLANS FOR FUTURE PERIODS**
The charity will continue to provide funding for a wide range of projects within the remit of the charity’s objectives. We anticipate that requests for grant funding will increase in 2022-23 as hospital services normalise.
We plan to run the “Innovation Fund – Dragon’s Den” again to involve hospital staff with good ideas for local projects contributing to patient care. We will continue the successful initiative of the EGA Charity Research Scholarship to support a postgraduate student undertaking PhD studies in women’s health by paying their university fees.
We intend to update the Charity’s logo and establish a stronger presence in the hospital to encourage fundraising. We aim to complete the project to digitise the Charity’s records; the older records will form a historical archive.
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. 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;
**Page 3**
THE EGA HosprrAL CHARITY
UNAUDrrED ANANCIAL STATEMETrifs FOR THE YEAR ENDED 30 SEvfEMBER 20Y2
TRUSTEES. REPORT
slate whether a(touniing starxjards have been foSk)*Ed. Sublt to any material (*parUJres (tisdos8d
and explained in finanLial siatemert5."
prepwe the tinanc statements on ts LKMNJIXXK*m basis lesS il i5irwcythtO Fxesume that the ¢harrty
11 ojntinue in cerati)n
time the firHrrial [110 of the tharity arKI enable them to ensure Ihat the finawal statements comF* with the
Charities A 2011, the Chwity lAoXnts aTrJ ReFNytsI Regul•)5 2tK18 aTrJ the Ffftisions of the tTUSt deed. They
are also reSnSIble1or safeguar¢Atw the asselsofts* L*arityarnl hftrt&kn1¥J reasonable steps forthe weventtc
and deteca)n of fraLKt atKI other irregularib"es.
Melante Dawes
Chair
Date
i thfv-L &J23
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **INDEPENDENT EXAMINERS’ REPORT**
## **Independent Examiner's Report to the Trustees of The EGA Hospital Charity**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2022 which are set out on pages 6 to 14.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material 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 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.
Geoffrey Frost Bsc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
02 May 2023 Date
**Page 5**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **THE EGA HOSPITAL CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**1**
Investments
**2**
**Total**
**EXPENDITURE ON:**
Raising funds
**3**
Charitable activities
**4**
**Total**
Net gains/(losses) on investments
**8**
**Net Income/(expenditure)**
Transfers between funds
**11**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**11**
**Total funds carried forward**
**11**|**Unrestricted**
**Fund**
**£**
7,644
99,267
106,911
6,367
61,083
67,450
(187,313)
(147,852)
-
(147,852)
2,541,722
2,393,870|**Restricted**
**Fund**
**£**
26,258
-
26,258
-
-
-
-
26,258
-
26,258
-
26,258|**2022**
**Total**
**Funds**
**£**
33,902
99,267
133,169
6,367
61,083
67,450
(187,313)
(121,594)
-
(121,594)
2,541,722
2,420,128|**2021**
**Total**
**Funds**
**£**
11,287
95,015|
|---|---|---|---|---|
|||||106,302|
|||||6,118
65,264|
|||||71,382|
|||||229,376|
|||||264,296
-|
|||||264,296
2,277,426|
|||||2,541,722|
The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.
**Page 6**
THE EGA HOSPITAL CHARrrY
UNAUDrrED FINANClhL STATEMEfrITS FOR THE YEAR ENDED 30 SEwfEMBER 21Y22
2,363.1
1471,167
URRENTsE
Cash at h*xl 8nd in l)ank
1X¢.114
13J.114
141,894
141.894
71XIg
142).128
2541.722
1•. 11
I070
1541,722
2.42V,128
2.541.7T2
21 &y-J
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **THE EGA HOSPITAL CHARITY**
## **ACCOUNTING POLICIES**
## **General information, scope and basis of the financial statements**
The EGA Hospital Charity is a registered unincorporated charity, established under a trust deed, in England and Wales. The address of the principal office is given in the charity information of these financial statements and the nature of the charity’s operations and principal activities are detailed in the trustees' report.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.
## **Statement of cash flows**
The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the Charity and it is probable that they will be fulfilled.
Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognisedas the charity’s right to receive payment is established.
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings:
- Raising funds; these include investment management fees charged by the charity's investment managers
- Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs
Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.
Support and governance costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.
## **VAT**
The charity is not registered for VAT and is unable to recover VAT incurred. On this basis costs are recorded inclusive of VAT within the SOFA.
## **Taxation**
The Charity is an exempt Charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the Charity's activities.
**Page 8**
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **ACCOUNTING POLICIES**
## **Investments**
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Where investments are denominated in currencies other than Sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.
## **Debtors receivable and creditors payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Cash and cash equivalents**
Cash and cash equivalents includes cash at bank and in hand and cash balances within the investment portfolio available for investment transaction purposes.
## **Fund accounting**
Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
**Page 9**
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. Donations and legacies**
|**1. Donations and legacies**|||||||
|---|---|---|---|---|---|---|
|Donations to trust|**Unrestricted**
**Fund**
**£**
7,644
7,644|**Restricted**
**Fund**
**£**
26,258
26,258|**2022**
**Total**
**Funds**
**£**
33,902
33,902|**Unrestricted**
**Fund**
**£**
11,287
11,287|**Restricted**
**Fund**
**£**
-
-|**2021**
**Total**
**Funds**
**£**
11,287|
|||||||11,287|
## **2. Income from investments**
|Income from investment assets
Interest on cash deposits|**Unrestricted**
**Fund**
**£**
98,931
336
99,267|**Restricted**
**Fund**
**£**
-
-
-|**2022**
**Total**
**Funds**
**£**
98,931
336
99,267|**Unrestricted**
**Fund**
**£**
95,012
3
95,015|**Restricted**
**Fund**
**£**
-
-
-|**2021**
**Total**
**Funds**
**£**
95,012
3|
|---|---|---|---|---|---|---|
|||||||95,015|
## **3. Raising funds**
|Investment management fees
Donation and fundraising platform|**Unrestricted**
**Fund**
**£**
6,151
216
6,367|**Restricted**
**Fund**
**£**
-
-
-|**2022**
**Total**
**Funds**
**£**
6,151
216
6,367|**Unrestricted**
**Fund**
**£**
5,902
216
6,118|**Restricted**
**Fund**
**£**
-
-
-|**2021**
**Total**
**Funds**
**£**
5,902
216|
|---|---|---|---|---|---|---|
|||||||6,118|
## **4. Expenditure on charitable activities**
|Grants awarded (see note 5)
Grants written back previous years
Grants returned
Support and governance costs
Secretarial fees
Office costs
Independent examiner's fees
Trustees' meeting expenses|**Unrestricted**
**Fund**
**£**
64,176
(16,267)
(3,646)
15,000
320
1,500
-
61,083|**Restricted**
**Fund**
**£**
-
-
-
-
-
-
-
-|**2022**
**Total**
**Funds**
**£**
64,176
(16,267)
(3,646)
15,000
320
1,500
-
61,083|**Unrestricted**
**Fund**
**£**
49,252
(635)
-
15,000
127
1,509
11
65,264|**Restricted**
**Fund**
**£**
-
-
-
-
-
-
-
-|**2021**
**Total**
**Funds**
**£**
49,252
(635)
-
15,000
127
1,509
11|
|---|---|---|---|---|---|---|
|||||||65,264|
**Page 10**
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **NOTES TO THE FINANCIAL STATEMENTS**
|**5. Grants awarded**
_Research and other grants paid to UCLH/UCL_
EGA Maternity May Ball
EGA Charity Research Scholarship Winner 2022
EGA Charity Scholarship 2022 - 1 yr fees only
SUPPORT Bereavement course
UCLH Women's Health Christmas Ball 2022
Refurbishment of EGA LG Staff Room
_Grants to individuals_
Continuity Qualitative Research into improving
maternity care for women from ethnic minorities
Anne Boutwood Travelling Fellowship
Christmas decorations for antenatal department
Outcome data following uterine fibroid surgery
Study of prevalence and natural history of uterine
venous plexus thrombosis in pregnancy
Study of intermittent fasting on metabolic outcomes on
women with polycystic ovaries
Improving patient experience for parents of infants with
neonatal encephalopathy
Maternity bereavement suite
Discharge videos for new mothers
Translation of patient information
Simulation training for gynae emergencies
The Development of a Self-Help Video for Couples
Pursuing In Vitro Fertilisation (IVF)
Video-based perioperative patient education
Determining the prognostic and therapeutic potential of
the apelin system in fetal growth restriction
Investigating MRI markers of placental function in
recurrent stillbirth due to Chronic Histiocytic
Intervillositis
3rd Annual Conference of the European Network of
Inflammatory Placental Syndrome Research
5th European conference on Preconception Health &
Care, hosted by the IfWH, September 2022|**2022**
**Total**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
12,230
15,296
2,000
5,161
2,765
1,000
2,400
5,000
5,000
2,500
2,500
3,324
59,176
5,000
5,000
64,176|**2021**
**Total**
**Funds**
**£**
129
6,192
15,916
2,950
5,000
4,000
565
5,000
4,500
5,000
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|---|
|||49,252|
|||-|
|||-|
|||49,252|
## **6. Independent examiner's fees**
|Examiner's fees - current year|**Unrestricted**
**Fund**
**£**
1,500
1,500|**Restricted**
**Fund**
**£**
-
-|**2022**
**Total**
**Funds**
**£**
1,500
1,500|**Unrestricted**
**Fund**
**£**
1,509
1,509|**Restricted**
**Fund**
**£**
-
-|**2021**
**Total**
**Funds**
**£**
1,509|
|---|---|---|---|---|---|---|
|||||||1,509|
**Page 11**
## **THE EGA HOSPITAL CHARITY**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **NOTES TO THE FINANCIAL STATEMENTS**
## **7. Staff costs and related party transactions**
The charity has no employees with the administration being carried out by the trustees and an individual on a self employed basis. These costs are included as secretarial costs within note 4.
No remuneration was paid nor expenses reimbursed to trustees during the year under review or the comparative year. During the comparative year £11 of costs were incurred by the charity in relation to trustees' meetings.
## **8. Fixed asset investments - Managed funds and cash**
|Brought forward
Additions
Disposals at proceeds
Change in market value
Movement in cash accounts
Gains/(losses) on investments|**Managed**
**funds**
**£**
2,470,780
80,000
-
(187,313)
-
2,363,467
(187,313)
(187,313)|**Cash**
**accounts**
**£**
387
-
-
-
(253)
134
-
-|**2022**
**Total**
**£**
2,471,167
80,000
-
(187,313)
(253)
2,363,601
(187,313)
(187,313)|**Managed**
**funds**
**£**
2,241,791
(387)
-
229,376
-
2,470,780
229,376
229,376|**Cash**
**accounts**
**£**
-
-
-
-
387
387
-
-|**2021**
**Total**
**£**
2,241,791
(387)
-
229,376
387|
|---|---|---|---|---|---|---|
|||||||2,471,167|
|||||||229,376|
|||||||229,376|
## **9. Creditors: amounts falling due within one year**
|**9. Creditors: amounts falling due within one year**|||
|---|---|---|
|Accruals
Grants payable|**2022**
**£**
3,000
60,587
63,587|**2021**
**£**
3,005
68,334|
|||71,339|
## **10. Analysis of net assets between funds**
|Fixed assets investments
Net current assets|**Unrestricted**
**Fund**
**£**
2,363,601
56,527
2,420,128|**Restricted**
**Fund**
**£**
-
-
-|**2022**
**Total**
**Funds**
**£**
2,363,601
56,527
2,420,128|**Unrestricted**
**Fund**
**£**
2,471,167
70,555
2,541,722|**Restricted**
**Fund**
**£**
-
-
-|**2021**
**Total**
**Funds**
**£**
2,471,167
70,555|
|---|---|---|---|---|---|---|
|||||||2,541,722|
**Page 12**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **THE EGA HOSPITAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **11. Net movement in funds**
|**11. Net movement in funds**||||||
|---|---|---|---|---|---|
|Restricted funds - Fetal Medicine
Unrestricted funds
Restricted funds
Unrestricted funds
_Description of funds_
Restricted funds - Fetal Medicine|||**Year ended 30 September 2022**|||
||**Total funds**
**brought**
**resources**
**£**
-
2,541,722
2,541,722|**Total**
**incoming**
**resources**
**£**
26,258
106,911
133,169|**Total**
**Transfers**
**resources**
**between**
**expended**
**funds**
**£**
**£**
-
-
(67,450)
-
(67,450)
-
**Year ended 30 September 2021**|**Gains/(losses)**
**on investment**
**assets**
**£**
-
(187,313)
(187,313)|**Total funds**
**carried**
**forward**
**£**
26,258
2,393,870|
||||||2,420,128|
|||||||
||**Total funds**
**Total**
**Total**
**Transfers**
**brought**
**incoming**
**resources**
**between**
**resources**
**resources**
**expended**
**funds**
**£**
**£**
**£**
**£**
-
-
-
-
2,277,426
106,302
(71,382)
-
2,277,426
106,302
(71,382)
-
Funds received to provide grants in the area of fetal medicine.|||**Gains/(losses)**
**on investment**
**assets**
**£**
-
229,376
229,376|**Total funds**
**carried**
**forward**
**£**
-
2,541,722|
||||||2,541,722|
|||||||
## **12. Financial instruments**
The carrying amounts of the charity's financial instruments are as follows:
|**2022**
**Total**
**Funds**
**£**
_Financial assets_
Measured at fair value through net income/(expenditure):
Fixed asset investments
2,363,601
2,363,601
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
**2022**
**Total**
**Funds**
**£**
_Income and expense_
Financial assets measured at fair value through net income/(expenditure)
Investment income
98,931
Investment management fees
(6,151)
92,780|**2021**
**Total**
**Funds**
**£**
2,471,167|
|---|---|
||2,471,167|
||**2021**
**Total**
**Funds**
**£**
95,012
(5,902)|
||89,110|
**Page 13**
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
## **THE EGA HOSPITAL CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **12. Financial instruments (continued)**
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
|_Net gains and losses (including changes In fair value)_
Financial assets measured at fair value through net income/(expenditure)
Net gains/(losses) on investments|**2022**
**Total**
**Funds**
**£**
(187,313)
(187,313)|**2021**
**Total**
**Funds**
**£**
229,376|
|---|---|---|
|||229,376|
Valuations use prices obtained from an independent pricing source. The price type used may vary depending on asset class and liquidity source. Funds/unit trusts are generally priced on a net asset value basis. Structured products are valued on a mark to market basis. Unquoted investments are valued in accordance with the International Private Equity and Venture Capital valuation guidelines or held at cost. Investments where a price is not readily available, that are held in an "execution-only" portfolio, will be shown at the last publicly available price until notified otherwise.
## **13. Comparative statement of financial activities**
|**13. Comparative statement of financial activities**||||
|---|---|---|---|
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**1**
Investments
**2**
**Total**
**EXPENDITURE ON:**
Raising funds
**3**
Charitable activities
**4**
**Total**
Net gains/(losses) on investments
**8**
**Net Income/(expenditure)**
Transfers between funds
**11**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**11**
**Total funds carried forward**
**11**|**Unrestricted**
**Fund**
**£**
11,287
95,015
106,302
6,118
65,264
71,382
229,376
264,296
-
264,296
2,277,426
2,541,722|**Restricted**
**Fund**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**2021**
**Total**
**Funds**
**£**
11,287
95,015|
||||106,302|
||||6,118
65,264|
||||71,382|
||||229,376|
||||264,296
-|
||||264,296
2,277,426|
||||2,541,722|
**Page 14**