Charlty reglstratlon nvmbor 292529 (Englond ond Wales) THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr C Thom Dr B Mishra Charlty number (England and Wttles) 292529 Inclpol address Poslgroduole Centre Moidslone Hospital Maidslone Kenl ME169QQ Independent examlner Perrys Audil Limited 4th Floor 399401 Slrond London United Kingdom WC2R OLT Bunkers Lloyds TSB Bank plc 18 Week Stree* Moidslone Kent ME14 IRW
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST CONTENTS Page Trustees. report Independent exominerfs report Slolement of financial ocliwties Bolanc& sheet Notes lo Ihe financial slalements 8- 11 Deloiled income and expenditure occovnt 13
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustee5 present Ihoir onnual report ond financial slalements for the year ended 31 December 2024. The finonciol statements have been prepared in accordonce with the accounting policies sel out in note I lo the linanciol Statements and comply with the Chority's Tru51 deed. Ihe Charities Act 2011 and "Accounting ond Reporting by Chorilie5'. Slalemenl ol Recommended Proclice applicoble to charities preparing Iheii accounts in occordance with Ihe Financial Reporting Standard opplicable in the UK and Republic of Irelond IFRS 1021" lefleclive l January 20191. Oblecllves and tsclmllei The Charify 15 an unincorporoled Tru51 governed by a Trust Deed dated 20 August 1985 and 5upplemenled Tru51 De&d daled 9 Jonuary 1996. Commissioners under Chorily No 292529. The Charity is regISted wlh the Chorily Tho Chorily Trust Temains commilled to SYOMding and enhancing Ihe educolion ond training oxperience lor medical and allied healthcare Pfofe55ionals. The objectives ol the Centre ore the advancement of medical educoion, lo all doctor5, medicol students and those in professions allied to medicine. including provision of comlortoble facilities lor oll resident doctors in training. A¢hlevemenls and performancè Within these objectives. the Centie is enabled lo buy equipment lo enhance learning. together with fvmi5hings ond equipment to further the comfort of the Trainees, Medical Students and poslgroduote staff. The Foundation Programme for Trainee Doclois run by the Cenlre comprises o lolal 0163 Trainees,. 39 Foundolion Yeor l and 34 Foundalion Year 2 Troinees. For the 2024 intuke there were 3 vaconcies. There ore current plons lo change the number ol Foundation Troinees with the NHS England INHSEI KSS (Kent, SuTTey and Sussex) expansion programme. The review ol the rololional plac&mens of the programmes will take ploce in 2025 with o p0$5ible of 2 additional programmes. 11 is forecast that f(Y 2025 all foundolion 5X)sts will be lull ond that the nalionol criteria lor broodening the Iroining programmes will be mel. The Centre 5UPPOrts these Iroinees in all aspecls ol their training, inctuding the provision ol vp to dale facilities lor the effective training ol these doctors. ond lor use in advancement of medi¢al education lo oll doelors and allied healthcare prolessionok5 in the geogrophico71 orea. Training activities ol the Centre hove increased this yetsr after a period of low bookings last year. Prewously, the Centre ollered a ronge of paid Course5, bvl demand lor these ha5 declined due lo the increase in training provided within the trust for resident doctors and other heollhcore prole5sionals. Offering more courses in the lulure could help generate oddilionol lurnding. which will be considered going folward. The two annual prizes we offer, the Alon Penleeost and th6 Robert Hardwick prize were not held Ihi% yoar due lo uptoke. We will be looknng to hold the prizes in 2025. The Innovolion Prize which wos inlroduced in 2012 ond had been very popular with Resident t)octor5 ond going lo be reinlroducgd in 2025. These prizes were not held due to 51all shortages ond pressures on the service. The GP Account did not receive funding or Heollh Educolion Englond- now m&rged with NHSE, these fLJnds ore used for the dillerenl cluster meetings l events held oll sil6 in the region lo help with community training ond development. Trustees hove (Jdvised lo use tho lund5 held for events which ore forlhcoming ond ore looking to close the oceount once funds hove been ulili5ed.
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST TRUSTEES, REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclul r•vl•w Tolol income lor the year amounted lo £33,448 12023.. £34,3651. All ol this wos unre51ricled and lo be opplied lor specific purposes. Tolal expenditure from unreslricled funds amounted lo £50.593 12023.. £28.1561. The overall delicil Dn unreslricled funds lor tho yeof wos £17,145 compored with a surplus in the previous year of £6,209. Totol unre51ricted funds hove decreased lo £27,048 at 31 December 2024 compared lo £44.193 al the previous balance sheet dole. The Ironsaclion5 lor the year ond the chority'5 financiol position at the end of the year are shown in the olloched finonciol slolemenls. The Trustee5 are aware that allhough their financial base has remained stable, income from phormaceulicol sponsors hos ogcTin decreosed notice0b this year and 15 likely lo continue lo do 50 in the coming year. The Postgraduate Centre ha5 hosted some prestigious national study days this year which have earned Sufficient funds so the bonk bolonce remoins in a vioble position. The TnJ51ees remoin d&dicoled lo enhancing the Centre and continue lo work actively towards this goal. The Truslees, Reserve5 Policy is to en5vFe thal there are sufficient funds lo meet the core costs for approximately twelve months. this will be reviewed on an annual basis. The Trusleeg have osse55ed Ihe major ri5k5 to which the Charity IS eXP05ed, und are satisfied that syslems ore in ploce lo mitigate exposure lo the major risk5. Plons for Ihe lulure are lo continue to ensure Ihal facilities remain ol the highest slondords lor the trainees, medical students ond other medical stall. The primary locus is to further enhance multidisciplinary training wilhin the Poslgraduole C&nlre by continuing the simvlolion progromme ond clinical skills course, expanding interdisciplinary colloboration, cu5tomising leoming pathways. incorporating feedback, measuring outcomes, and promoting inleTprofe55ional leaming opportunities. Strvcluro, gov•rnance und mgnggemenl Organlsolbn¢Jl struclvre The Trustee5 meet quarterw in accordance with the terms of the Trust deed. The Tnjstees delegate day lo day i&spon5ibilily for organising funding and events lo the Poslgroduole Centre Medicol Educolion Manager ond Clinicol Tulor. The Trustees who seNed during Ihe y&or ond up to the date of signature ol the financial slalemenls were.. Oi C Thom Dr G Bird Dr T Jones Dr B M15hra (Resigned l Januory 20241 (Resigned l Jonuory 20241
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Rlsk managemenl The TnJslee5 have o duly lo identity and review the risks lo which Ihe charity is exposed and lo ensure oppropriule conlrob oro in place lo provide reasonable 055uronce ugainst traud and error. The TTuslees octively review the major risks the chorily faces on o r&gulor basis and believe that mainlainirng reserves al current levels, combined with an annual reviow of the controls over key Inonciol 5y5tems. will provide sufficient resource5 in the event ol odverse condition5. The Trv51ee5 have reviewed Ihe mojor risks to which the chority is exposed and they ore satisfied that oppropriale systems have been estoblished, and other oppropriale measures taken, fo miligale those risks and conseqvenl 105ses Ihal might arise. The Trustees have exomined the mojor slrotegic, business ond operational risks which the charity foces and conffmi thot systems hove been established lo miligale those risks. Publlc Benellt In meeting the Trust's objectives the Trustees hove given careful consideration lo the Chorily Commission'5 generol guidance on public benefit and judge that all donations mode meet this guidance. Paymenls lo Benefftclailes Detoi15 01 any paymonts lo beneficiories are contained in the Financiol Statements for the Year allached to thi5 report. stalement ol Tiuslees ResponslbllJlSes Dr Bel Mishro look over as the Choir ol Ihe Chariloble Trvst with other Trustees being Dr George Bird, Consultant Phy5icion al Maidslone Hospital. Dr Chris Thom. former Chair ond Consultant Physician at Maid51one Hospital and Dr Tony Jones. GP Tutor. Miss Wunmi Ogunnoiki, Undergroduole Tutor has officiolly Stepped down froln the Commil*&e. Mr lan Rudd. Consullant Urologist hos recenlty been invileLY to become o member ol the Committee. The CharilK8S Act requires the Trustees lo prepore financial 51alemenls lor each financiol year which give a true ond lair view ol the slate of affairs ol the charity al the end ol the year and ol the surplus or deficiency lor the yeor Ihen ended. In preparing those financial slalemenls. the Trustees are r¢quired lo select suitable occounting policies. and then oppw them on o con51slent basis. moking judgements ond eslimoles that are prudent ond reosonable. The Truslee5 rllust also prepare the financial slalements on the going concern b05is unle55 it Is inappropriole lo presurne that the choTity will continue in business. The Trustee5 are Te5ponsible lor keeping proper accounting records which disclose with reasonable accuiocy ot any lime the financial pos11ion ol th& charity and lo enable Ihfrm to ensure that the linanciol slalemenls ¢ompW with the Charities Act 2011. The Truslees ore also responsibl& for safeguarding the osset5 of the charity ond hence lor taking reosonoble steps for the prevention and detection ol Iroud and other irregvlorilies. Research There was no resoarch undertoken by th& charity during the course ol the year. Legaclos Detoi15 01 any legoci&s received are included in tho Financial Slolemenls lor the yeor allached lo this report.
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The slees, re rt wa5 approved by the Board ol Trustees. Dr C Thom r B Mlshro Dated.. 8 January 2026 Doted.'8 January 2026
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST Independent examlner's report lo the Irvstees of Th muldone Postgrodu¢t• M•dlcal C•ntrè Trusl l report lo the IDJslees on my exominolion of the occounls ol the Moidslone Poslgraduale Medical Centre Trust Ilhe Charityl for the yeor ended 31 December 2022 which ore set out on poge$ 7 to 12. Responslbllllle$ and bosls of report As Ihe Charily's Iruglee you are responsible for the preparation ol Ihe accounts in occordonce with Ihe requirements of the ChaTrlies Act 2011 I'lhe Act'l. I report in respect of my examination ol the Chority's account5 corried out under Section 145 of the 2011 Acl and in carying out my examination I hove followed oll the opplicoble Directions given by the Charity Commission under seclion 145151 Ibl of the Act. I report in respect ol my examinotion ol the Chority's finonciol stolemenls carried out under section 145 01 the Charities Act 2011. In corying out my examingtion I hovo followed the Directions given by the Charity Commission under section 145151 Ibl ol the Choritie5 Ac 2011. Independent examlnerf$ Slalement I hove eompleled my exominalion. I confirm Ihol no materiol mallers have come lo my attention in connection with the examination giving me cause to believe that in ony material respect.. accounting records were nol kept in respect ol the Chority as required by section 130 01 the Act- or the accoun15 do not accord with those recordg- or the occounls do not comply with the opplicable requirements concerning the form and content of occounls sel out in th& Chorities |Accounls ond Reports) Regulation5 2008 other than any requirement that Ihe uccounts give a 'lrue ond loir view which is not o mallor considered as part of an independent examination. I have no concern5 and have come across no other Motters in connection with the examinolion lo which allenlion should be drawn in this report in order lo enable a proper understanding ol the accounts lo be reached. Stephen Hale FCA FCCA Perrys Audit Limited 4th Floor 399-401 Slrond London WC2R OLT United Kingdom 8 Januory 2026
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME ANO EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Re$lrfded funds 2024 RerEcted Ivnds 2023 Not•s Income and endowments from: Donotions ond legocies Chorilable activities Other income 25,479 6,217 1.752 33,583 500 282 Total Income 33.448 34.365 Chorilable activili8s 50.593 28,156 N•t Incom•/(•xndUl•) and mov•m•nt In fvnds 117,1451 6,209 Reconclll¢itlon of funds: Fund bolonces ol l Jonuary 2024 44,193 37.984 Fund balances al 31 De¢ember 2024 27.048 44.193 The slalemenl ol financia5 activitie5 include5 all gain5 ond losses recognised in the yeor. All income ond expenditure derive trom continuing aclivilies.
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Not•$ CuFr•nl q55ets Debtors Cosh al bank and in hand 29,411 48.185 29,411 Credttors: amounts lalllng due wlNn one year 12,3631 14,3921 Nel cvrrenl osset5 27.048 44,193 Income fvnds Reslricled funds 27,048 44.193 27,048 44.193 The linonclal tatemenls were opproved by the Trv51ee5 on 8 Jonuary 2026 Dr C Thom Trustee Di B Mishra Truslee Trustee
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcEes Chorlty Informtsllan The Maidstone Postgraduate Medical Cenlre Trust is o Charity. l.l Accountlng convenllon The financial slolemgnls have been prepared in QCCOTdonce with the Charity's Irust deed, the Charities Act 2011, FRS 102 "Thè Finonci01 Reporting Slondurd applicable in the UK and Republic ol Irelond" I'FRS 102,1 and the Charities SORP Accounting and Reporting by Chorllies.. Statement ol Recommended Proclice opplicable lo chorilies preporing their account5 in accordanc$ with the Finoncial Reporting 51andaTd opplicoble in the UK and Republic of Irelond IFRS 1021" leffeclive I January 20191. The Charity is a Public Benefit Enlily os defined by FRS 102. The Charity has taken advanlage ol the provisions in fhe SORP for chorilies not to prepare a stolemenl ol Cosh Flows. The finonciol slalemenls are prepared in storling. which is the funclionol currency ol the Chority. Monetary omounls in these financial 51alemenls ar& rounded lo the nearest £1. The finoncial stotemenls have been prepored under the historical cost convenlion. The prlncipol accounting policie5 adopted are set out below. 1.2 Golng concern Al the time ol opproving the financial slalements, the Trvslee5 have a reasonable expeclolion Ihol Ihe Charity h05 odequole resources to continue in opeTolionol existence lor the lore5eeoble lulvre. Thus the Tru5tee5 continue lo adopt the going concern bosis ol accounting in preporing the linonciol slolemenls. 1.3 Charttable Ivnd3 Unrestricted funds are available lor use at Ihe discretion ol the Trustees in fvrtheronce of their charitable objectives. Restricted funds ore subject lo specific condifions by donors or grantors as lo how they may be used. The purposes and uses ol the restricted funds ore sel out in the noles lo the linonciol statemenls. Endowment lund5 are subject lo specific condition5 by dor)OTS Ihot the copitol musl be mointained by the Charity. 1.4 Income Income is recogni5ed when the Charily is legalty entitled lo il aller ony performance condilions hove been mel, the amounts can be meosured reliably. and it is proboble that income will be received. C05h donotions ore recognised on receipt. other donations ore recognised once the Charily h05 been notified ol Ihe donolion. unles5 performonce conditions require deferral ol Ihe omovnt. Income tox recoveroble in relation to donotions received under Gift Aid or deeds of covenonl is.. recognised at the lime ol the donolion. Income from chorilable activities represen15 the lees for courses promded. These ore recogni5ed when received.
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ac¢ovnllng poll¢les (Conllnu•d) l.S Expendltvve Expenditure is recogni5ed once there 15 0 legol or conslruclive obligotion lo Iransler economic benefit to o third party. il 15 probabl& that a tronsler ol economic benefits wll be required in selllement, ond the amc>unl ol the obligolion con be measured r&liobW. Expenditure is clos5ilied by octivity. The cosls ol each oclivily ore made up ol the lolal ol direct costs and shor&d costs. including support C051s involved in undertoking each aclivily. Direct costs ollribvlable lo a single activity are allocated directly lo thot aclivily. Shored costs which contribute to more than one oclivily and support cost5 which ore not allribulable to a single octivily are apportioned befv¥&en those aclivilie5 on a bosis con51slenl with the use of resources. Cenlrol stoff Costs are allocoled on the bosi5 of lime spent, and depreciation charges OTe ollocaled on the portion ol the asset's use. 1.6 Cash und cash equlvolents Cosh ond cash eqLiivolenls include cosh in hund, deposi15 held al call with bonk5, other short-ttsm liquid investment5 with Original malurilies ol three months or less, and bank overdra115. Bank overdrafts are shown wilhin borrowings in cvrrenl liablilies. In¢ome from donotlons ond legactes 2024 2023 Donations and gills 25.479 33,583
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendllure on chaflloble actlvllles 2024 2023 Dlrecl cosls Colering Equipment hire Course admin lee5 Sundry expenses 37,748 1,302 7.IOD 2.080 17.894 S.499 1,488 I,8 48.230 25.889 Share ot SlJPPOrt and governance costs {$ee nole ) Govemonce 2,3 2.267 50.593 28,156 Anatysls by Ivnd Unreslricled fund5 50,593 28,156 Trustèes None ol the Trusletss lor any per50n5 connected with them) received any remunerotion benefi15 from the Charity during Ihe year. Empk•ye•s The average month number ol employees during the yeor was= 2024 Number 2023 Numbèr Totol There were no employees whose onnuol remuneration was more than £60,0W. Toxatlon The charity 15 ex&mpl from IcLxalion on ils activities because oll ils income is oppfied lor charitable purposes. Debtors 2024 2023 Amounts falllng du• wllhln one yoor: Prepayments and accwed income 4(M)
THE MAIDSTONE POSTGRADUATE MEDICAL CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Credltorj.. amovnts lalllng dv wllhln one yètsr 2023 AccriKJls and deferred income 2,363 4,392 Unr•strkted lunds The unrestricted lund5 of the charity comprise he unexpended bolance5 of donolions and grants which are not svuecl lo specific ¢ondilions by donors ond gronlors as lo how Ihoy moy be used. These include designoled funds which have been set aside out ol unre51ricted funds by the trustees for gpecific purposes. At 1 January 2024 Incomlng Tesovrces Resovrces A131 expended December General funds 44.193 33,448 150,5931 27.048 Prevlous year At 7 January 2023 Intoming resources Resources At31 expended December 2023 General funds 37.984 34,365 128,1561 44,193 10 Reluled paty transacllons There were no disclosoble related poty tronsaclions during Ihe yeaf12023- none).