2021-04-05-accounts

Page Number
	Legal and Administrative		Information
2-5	Trustees' Report
	Independent Examiner's		Report
	Statement of Financial	Activities
	Balance Sheet
9-12	Notes to the Accounts

Charity name	Charity name			Whipps Cross	University	University	Hospital	Hospital
				Medical Education		and Research Trust
Charity number				312920
Charity offices				Medical Education		Centre
				Whipps Cross	University		Hospital
				Leytonstone
				London
				E11 1NR
Trustees who served		during	the year	Dr A Bahra (Chairperson)
				DrSHoque
				Dr KShaw
				DrSChaudhri
				Dr K Kugathas
Council who served		during	the year	Dr A Bahra
				DrSHoque
				DrSThamban
				Dr KShaw
				DrSChaudhri
				Dr K Kugathas
				DrJ Green
				Dr KAswani
				DrSZaman
Independent	examiner			MsJA Rickler
				Alwyns LLP
				Crown House
				151 High Road
				Loughton
				Essex
				IG104LG
Bankers				C Hoare &Co
				37Fleet Street
				London
				EC4P 4DQ
Clerk				D R Gadsby
				181 High Street
				Epping
				Essex
				CM16 4BQ
Investment	advisers			InvesIec Wealth	&	Investment		Limited ("Investec")
				30Gresham Street
				London
				EC2V 7QN

Trustees
The following	persons	have acted as Trustees		during	the year:-
Dr A Bahra		-Appointed	by the	Council
DrS Hoque		-Appointed	by the	Council
Dr KShaw		-Appointed	by the	Council	(retired 9 March 2021)
DrSChaudhri		-Appointed	by the	Council
Dr K Kugathas		-Appointed	by the	Council

									2021	2020
							Unrestricted	Restricted	Total	Total
							Funds	Funds	Funds	Funds
							6	E	E	6
INCOME:						Notes
Charitable activities							51,155		51,155	85,924
Investments							18,497		18,497	22,715
Other income							888		888
Total							70,540		70,540	108,639
EXPENDITURE ON:
Raising funds							11,305		11,305	11,566
Charitable activities							58,882		58,882	99,175
Other							36,693		36,693	49,697
Total							106,880		106,880	160,438
Net oains//losses)	on	investments					16,376	(75)	16,301	(9,625)
NET INCOME/(EXPENDITURE)				BEFORE
TRANSFERS							(19,964)	(75)	(20,039)	(61,424)
OTHER RECOGNISED GAINS/(LOSSES)
Gains/(losses) on revaluation			of investment		assets	6	152,311	11,590	163,901	(96,900)
NET MOVEMENT	IN	FUNDS					132,347	11,515	143,862	(158,324)
RECONCILIATION	OF FUNDS
Total funds brought		forward					747,476	77,887	825,363	983,687
TOTAL FUNDS CARRIED			FORWARD				879,823	89,402	969,225	825,363

				2021		2020
			Notes	E
Fixed Assets
Investments					921,031		755,364
Development	cost				23,100		34,650
					944,131		790,014
Current Assets
Debtors						8,033
Short term deposits				8,564		13,484
Cash in hand	and at bank			23,535		20,012
				32,099		41,529
Creditors falling due within		one year		7,005		6,180
Net current	assets				25,094		35,349
Total assets	less current	liabilities			969,225		825,363
Represented	By:
Unrestricted	funds		12&14		879,823		747,476
Restricted funds			13&14		89,402		77,887
Total trust funds			12,13&14		969,225		825,363

Other costs
GRANTS
Grants made to	Whipps	Cross University		Hospital and	their personnel		2021	2020
							F
Other office costs (note 3)							9,658	7,158
Governance costs (note 4)							15,485	30,989
Depreciation (note 7)							11,550	11,550
							36,693	49,697
OTHER OFFICE	COSTS
							2021 6	2020f
insurance							704	704
Financial charges							1,154	768
Computer cost							1,680	260
Sundry expenses								55
Storage and archiving cost							6,120
Returned donation- James Paget Hospital								5,371
							9,658	7,158
The Trustees were not paid any remuneration				or reimbursed	any expenses	during the year.
GOVERNANCE COSTS
							2021	2020
							E	E
Accountancy and	independent examiner's		fees				6,180	6,180
Acccountancy fee- (over)/underprovision			re-	previous year			(633)	2,445
Legal &professional fees								15,043
VAT on accountancy fees		and legal fees					1,109	4,733
Secretarial fees-	Open Audience						8,829	2,588
							15,485	30,989
Staff Numbers
Average monthly	number	during the year

6.	FIXEDASSET INVESTMENTS
						2021	2020
						E	E
	UK listed	investments
	Market value		at 6April 2020			?55,364	918„254
	Aodlt!Ons					66,558	91,660
	Disposals					(64,796)	(157,650)
	Net unrealised		investment		gains/(losses)	163,901	(96,900)
	Market value		at 5 April 2021			921,027	755,364
						2021	2020
						E	Z
	Investments		at fair value
	Equities					837,809	684,359
	Fixed interest		equities			83,222	71,005
						921,031	755,364
7	Website	development cost				2021	2020
						8
	Addition					34,650	46,200
	Depreciation					(1 'i, 550)	(11,550)
	Net book	value at 5 April 2021				23,100	34,650
8	DEBTORS					2021	2020
						8	K
	Dividends	receivable		&other			8,033
9	CREDITORS		AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2021	2020
							E
	Accruals					7,005	6,180

TOTAL TR	UST FU	N	DS - ANALYSIS OF NET	ASSETS BETWEEN FUNDS
					Net Current
				Fixed	Assets/
				Assets	(Liabilities)	Total
				8	E	E
Restricted	funds - De		Jode	77,887	11,515	89,402
Unrestricted	funds			747,476	132,347	879,823
				825,363	143,862	969,225
COMPARATIVE STATEMENT OF FINANCIAL				ACTIVITIES FOR THE YEAR ENDED	5APRIL 2020
				Unrestricted	Restricted	Total
				Funds 8	Funds E	Fundsf
INCOME:				Notes
Charitable	activities			85,924		85,924
investments				20,043	2,672	22,715
Total				105,967	2,672	108,639
EXPENDITURE ON:
Raising funds				10,493	1,073	11,566
Charitable	activities			99,175		99,175
Other				49,697		49,697
Total				159,365	1,073	160,438
Net losses	on investments			(9,564)	(61)	(9,625)
NET INCOME/(EXPENDITURE)				(62,962)	1,538	(61,424)
OTHER RECOGNISED GAINS/(LOSSES)
Losses on	investment		assets	(86,062)	(10,818)	(96,900)
NET MOVEMENT		IN	FUNDS	(149,044)	(9,280)	(158,324)
RECONCILIATION		OF FUNDS
Total funds brought			forward	896,520	87,167	9S3,687
TOTAL FUNDS CARRIED FORWARD				747,476	77,887	825,363