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|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|||
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|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|||||
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|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||
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||||||||||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|
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|||||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|
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|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|||||||
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|---|---|---|---|---|---|---|---|
|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|
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|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|