| Note | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Fixed Assets: | ||||||
| Investments | ||||||
| Geneml Fund | 5,041,345 | 4,847,908 | ||||
| Endowment Funds |
—Expendable | 82,086 | 78,517 | |||
| Endowment funds |
- Permanent | 46,680 | 44,743 | |||
| Restricted Funds | 52,991 | 50,269 | ||||
| 5,223,102 | 5.021,437 | |||||
| Current Assets: | ||||||
| Cash at bank: | ||||||
| Current account | 74,067 | 1,815 | ||||
| Deposit accounts | 98,695 | 237,916 | ||||
| 172,762 | 239,731 | |||||
| Current Liabilities | ||||||
| Amounts falling due within one year |
69,205 | 61,202 | ||||
| Net Current Assets | 103,557 | 178,529 | ||||
| Net Assets | 5,326,659 | 5 199966 | ||||
| Funds: | ||||||
| Unrestricted Funds |
4 | 5.102,251 | 4,985,507 | |||
| Restricted Funds | 5 | 75,273 | 72,651 | |||
| Endowment Funds - Expendable |
6 | 96,668 | 91,918 | |||
| Endowment Funds -Permanent |
7 | 52,467 | 49,890 | |||
| 5.326659 | 5 199966 | |||||
| Approved etru |
on 27June 2022 and | signed on their behalf by: | ||||
| ...... ................................,.......Mr.JEChurch (Chairman) | ||||||
| /i~ | ......Mr. AP Q Michaelis (Trustee) |
| Endowment | Endowment | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| I/nrestricted | Restricted | Espendable | Permanent | |||||
| Funds | Funds | Funds | Funds | 2022 | 2021 | |||
| lacome aad Eadowments | from | |||||||
| Stocks | and shares | 133+50 | 1,875 | 2,458 | 1,334 | 138,917 | 140,669 | |
| Deposit | interest | 12 | 13 | 228 | ||||
| Doaatious | 60 | 5 | ||||||
| 133,322 | 1,875 | 2,459 | 1,334 | 138,990 | 140,902 | |||
| Expenditure | ou | |||||||
| Charitable | activities | (Note 10) | (142,875) | (1,000) | (143,875) | (120,896) | ||
| Generating | funds | |||||||
| Investment | management | charges | 2,132 | 2,132 | (I5308) | |||
| Net gains/(losses) oa investments |
124,165 | 1,747 | 2,291 | 1343 | 129,446 | 1,189,403 | ||
| Net Income/(espeaditure) | 116,744 | 2,622 | 4,750 | 2,577 | 126,693 | 1,194,101 | ||
| Other gainsdosses | ||||||||
| Net Movement | in Funds | 116,744 | 2,622 | 4,750 | 2877 | 126,693 | 1,194,101 | |
| Fund balances brought | forward | 4,985,507 | 72,651 | 91,918 | 49,890 | 5,199,966 | 4,005,865 | |
| Fund balances carried | farward | 5,102351 | 75273 | 96,668 | 52,467 | 5,326,659 | 5,199,966 |
| Quoted Investments | Trust | Pool | Trust | Trust | |||
|---|---|---|---|---|---|---|---|
| Apportioned | Between | Pool | Pool | ||||
| Endowment | Total | Total | |||||
| Unrestricted | Restricted | Expendable | Permanent | ||||
| Funds | Funds | Funds | Funds | 2022 | 2021 | ||
| f. | f | ||||||
| Market Value at31March 2021 | 4,847,908 | 50,269 | 78,517 | 44,743 | 5,021,437 | 3,793,736 | |
| Add: Additions atcost | 5,017,209 | 70,613 | 92,582 | 50,214 | 5,230,618 | 472,033 | |
| Less: Disposals | (4,947,937) | (69,638) | (91,304) | (49,520) | (5,158,399) | (433,735) | |
| Gain/(Loss) on revaluation | 124,165 | 1,747 | 2,291 | 1,243 | 129,446 | 1,189,403 | |
| Market Value at31 March 2022 | 5041 345 | 52 991 | 82 086 | 46.680 | 5 223 102 | 5021 437 | |
| The Sarasin Endowments | Fund Class A Income units are | invested as follows. | |||||
| Equities | 3,634,483 | 3,783,569 | |||||
| Fixed interest | 365,060 | 445,885 | |||||
| Other | 1,223,559 | 791,983 | |||||
| 5,223,102 | 5021437 | ||||||
| Historic Cost at31March 2022 | 5,230,618 | 3 189,419 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 3.Current Liabilities | |||||||
| Grants and | awards | 66,130 | 57,690 | ||||
| Professional | fees | 1,425 | 1,380 | ||||
| Investment | management | charges | 2.132 | ||||
| Salary ofsecretary | 1,650 | ||||||
| 69,205 | 61,202 | ||||||
| 4.Unrestricted | li'unde | ||||||
| Balance at | 1April 2021 - Capital | 4,838,084 | 3,706,689 | ||||
| -income | 147,423 | 131,475 | |||||
| 4,985,507 | 3,838,164 | ||||||
| Net surplus | for the year | 116,744 | 1,147,343 | ||||
| Balaace at | 31March | 2022 | 4,985.507 | ||||
| 5.Restricted Funds | |||||||
| Gain oa | |||||||
| I April 2021 | Income | nevslnsaon | Ktpeaditnre | 31 Msr 2022 | |||
| Theatres (Biomet) Fund | 2,353 | 2,353 | |||||
| John Spivey Prize | 70,298 | 1,875 | 1,747 | (1,000) | 72,920 | ||
| 72 651 | 1,875 | 1,747 | I 000 | 75273 |
| Bslsnce st I April 2021 | Bslsnce st I April 2021 | Gaia os | Krpenditnre | Balance | |||
|---|---|---|---|---|---|---|---|
| FUIIB | Capital | Rerstnatma | 31Msr 2022 | ||||
| John Goodfellow Prize |
25,714 | 8,869 | 931 | 867 | 36,381 | ||
| David Fuller | Memorial | 13,558 | 1,682 | 403 | 375 | 16,018 | |
| Girdlestone | Society-R BDuthie Fund | 32,185 | 9,910 | 1,125 | 1,049 | 44,269 | |
| 71.457 | 20,461 | 2,459 | 2391 | 96.668 |
| Balance | Gain on | Kxpenditme | Balance | |
|---|---|---|---|---|
| 1 | April 2e21 | Revaluation | 31Mar 2102 | |
| f | ||||
| 40,635 | 1,243 | 41.878 | ||
| 40,635 | 1 243 | 41 878 | ||
| Balaoce | Income | Kxpeaditnre | Balance | |
| 1 | April 2021 | 31Star 2022 | ||
| 9,255 | 1,334 | 10,589 | ||
| 9455 | 1334 | 10589 | ||
| 2022 | 2021 | |||
| S | ||||
| 52,467 | 49.890 |
| 9.Analysis ofCharitable Expenditure |
9.Analysis ofCharitable Expenditure |
9.Analysis ofCharitable Expenditure |
2022 | 2021 | ||
|---|---|---|---|---|---|---|
| Grants and awards (note 10) | 132,760 | 110,575 | ||||
| Other charitable expenditure (note |
11) | 10,115 | 9,321 | |||
| 142,875 | 119896 | |||||
| 10.Grants and Awards | ||||||
| 2022 | 2021 | |||||
| 8 | ||||||
| Lord Nuffield Scholarship in orthopaedic |
surgery | 32,875 | 32,550 | |||
| Girdlestone Memorial scholarship in |
orthopaedic | surgery | 32,875 | 32,550 | ||
| Research grants | 32,350 | 19,425 | ||||
| Total orthopaedic scholarships |
98,100 | 84,525 | ||||
| Kenwright Prize |
500 | 500 | ||||
| Lord NuBietd scholarship in agercare |
||||||
| Feilden nursing scholarship |
||||||
| Elizabeth Handfield Jones travelling |
scholarship | |||||
| Girdlestone Memorial nursing scholarship |
||||||
| Course, confemnce and travel grants |
||||||
| Nu0reld Dept. ofOrthopaedic Surgery research assistant |
31,160 | 30,850 | ||||
| Grant forjournals and pmfessional | publications | 3,000 | ||||
| Joseph Trusts prize | ||||||
| Unpaid prizes relating to earlier years | (5,300) | |||||
| Grants and Awards from ttnrustricted | Funds | 132,760 | 110575 | |||
| Total Grants and Awards for the | year | |||||
| Unrestricted fund |
Note 9 | 142,875 | 119,896 | |||
| Endowment funds - Expendable |
1,000 | |||||
| Permanent | ||||||
| Restricted funds | 1,000 | |||||
| 143,875 | 120896 |
| 2022 | ZOZ1 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | 6 | ||||||
| Tnlstccs Incctlngs | |||||||
| Salary ofsecretary | 8,140 | 7.665 | |||||
| Audit/Independent | examination | fee | 1,425 | 1.380 | |||
| Oftice expenses | 550 | 276 | |||||
| ~10115 | 9,321 | ||||||
| 12.Related Party | Transactions | ||||||
| An objective ofthe | Trust is | to provide financial support toThe Nuffield | Department | ofOrthopaedic | Surgery at The | ||
| University ofOxford. Two | ofthe trustees, Professor Ai Carr and Professor IRees | are employees ofThe University of | |||||
| Oxford. | |||||||
| 13.StaffCosts | |||||||
| 2022 | 2021 | ||||||
| Salaries | 8,140 | 7,665 | |||||
| National insurance |
costs | ||||||
| 8,140 | 7,665 | ||||||
| The Trust hss one | pattkme | employee. |
| 14.Ana | lysis ofAssets and L | iabilities | |||||
|---|---|---|---|---|---|---|---|
| Kndswnwnt | |||||||
| Unnntrieted | Kspeudsbte | Penusneut | Tstst | ||||
| Funds | Funds | Funds | Funds | 2022 | 2021 | ||
| 6 | 6 | 6 | E | 6 | 6 | ||
| Investments | 5,041,345 | 52,991 | 82,086 | 46,680 | 5,223,102 | 5,021,437 | |
| Current | assets | 130,111 | 22,282 | 14,582 | 5,787 | 172,762 | 239,731 |
| Current | liabiTities | (69,205) | (69305) | (61,202) | |||
| 5,102.251 | 75,273 | 96,668 | 52,467 | 5,326,659 | 5.199,966 |
| Unrestricted | Funds | Restricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Capital | Acclncome | Funds | Funds | 2021 | ||||
| f, | I | |||||||
| Income and Endowments | from | |||||||
| Stocks and shares | 135,619 | 1,913 | 3,137 | 140.669 | ||||
| Deposit | interest | 220 | 3 | 5 | 228 | |||
| Donations | 5 | 0 | 0 | 5 | ||||
| Total Income | and Endowments | 135,844 | 1,916 | 3,142 | 140,902 | |||
| Expenditure | on | |||||||
| Charitable | activities | (119,896) | 0 | (1,000) | (120,896) | |||
| Generating | funds | |||||||
| Investment | management | (15,308) | (15,308) | |||||
| Net gains/(losses) on investments |
1,146,703 | 16,176 | 26,524 | 1,189,403 | ||||
| Net Income/(expenditure) | 1,131,395 | 15,948 | 18,092 | 28,666 | 1,194,101 | |||
| Other gains/losses | ||||||||
| Net Movement | in Funds | 1 131395 | 15,948 | 18092 | 28 666 | 1 194 101 |