2023-03-31-accounts

Legal	aad	administrative	information	information
		President			Dr THotherssil
		Chairman			Dr Z Paskins
		Vice	Chairman		Mrs KStevenson
		Secretary			Mrs JBrammar
		Treasurer			Mr RA Crossley(resigned			31	August	22)
					Mr MAbbott (appointed		1	September		22)
		Trustees			Mr JSRowley
					Mr D D O'Neill
					Mrs HC Duffy
					Mr RA Crossley (resigued			31	August	22)
					Mr MAbbott(appointed		15November			22)
					Mrs M Humphreys	(appointed			15November		22)
		Charity number			507273
		Address of		Charity	Staffordshire Rheumatology			Centre
					Heywood Hospital
					High Lane
					Burslem
					Stokoon-Trent
					ST67AG
		Independent		Examiner	Heather Tweddle of
					Dean Statham Chartered		Accountants
					29 King Street
					Newcastle-Under-Lyme
					Staffordshire
					ST5 IER
		Bankers			Natwest Bank pic
					2Market Street
					Longton
					Stoke-on-Trent
					Staffordshire
					ST32HW
		Solicitors			Knights LLP
					The Brampton
					Newcastle-Under-Lyme
					Staffordshire
					ST5 OQW
		Investmeat		Advisors	Charles Stanley &Co Ltd
					55 Bishopgate
					London
					ECZN 3AS

Trustees' Report
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Statement ofCashflows
Notes to the Financial	Statements

				Unrestricted	Restricted	Total Funds	Total Funds
			Note	Funds	Funds	2023	2022
Income
Donations and Gifis				4,656		4,656	6,377
Legacies				133,563		133,563	10,000
Investment income:
Income &om listed fixed	asset investments		2	162,782		162,782	113,562
Totalincome				301,001		301,001	129,939
Expeaditure
Costs ofraising funds:
Invesiment management	costs			20,847		20,847	23,912
Expenditure on charitable		activities	3	266,441		266,441	302,106
Total expenditare				287,288		287,288	326,018
Net income/(expenditure)				13,713		13,713	(196,079)
Transfers
Transfers between funds
Net income/(expenditure)		before
gains aud losses on investments				13,713		13,713	(196,079)
Net gains/(losses) on investments				(294,397)		(294,397)	(162,924)
Net movement in funds			7	(280,684)		(280,684)	(359,003)
Reconciliation ofFunds
Balances brought forward	at I April 2022		7	3,832,159		3,832,159	4,191,162
Balances carried forward	at	31 March 2023	7	3,551,475		3,551,475	3,832,159

	Note	2023			2022
Fixed assets
Investments			3,562,715			3,806,884
Curreat assets
Debtors				4,483
Cash at bank and in hand		216,166		89,976
		216,166		94,459
Creditors:
amounts falling due within one year	6	227,406		69,184
Net current assets			(11,240)			25,275
Total assets less current liabilities			3,551,475			3,832,159
Net assets			3,551,475			3,832,159
Funds
Unrestricted			3,551,475			3,832,159
			3,551,475			3,832,159

			2023		2022
		Note
Net cash generated from
operating activities		10		13,635		(241,961)
Cash flow from investing	activities
Interest and dividends				162,782		113,562
Proceeds from sale ofinvestments				432,837		642,325
Purchase ofinvestments				(483,064)		(545,675)
Net change in cash snd cash equivalents				126,190		(31,749)
Cash and cash eqnivaleats	at 1April 2022			89,976		121,725
Cash snd cash equivalents	at 31March 2023			216,166		89,976

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2023f	2022f
Investment	income from quoted investments
			161,424		161,424	113,549
Interest on	cash as part ofinvestment	portfolio	1,358		1,358	13
			162,782		162,782	113,562

Not	es to the Accounts	for the year	for the year	ended 31Ma	rch 2023
3	Ex enditure on	Charitable		Activities
					Unrestricted	Restricted	Total	Total
					Funds	Funds	2023	2022
								f.
	Costs ofcharitable		activities
	Grants paid (sce	detailed schedule below)			257,132		257,132	289,290
	PIER costs							1,318
	Website				102		102	2,200
	Frontline dance							417
	Tai chi/ Quigong	classes			4,548		4,548	733
	Versus arthritis							5,518
	Jayex digital signage							486
	Conference fees				2,150		2,150
	Support costs
	Accountancy fees				2,016		2,016	1,920
	Sundry expenses				493		493	224
					266,441		266,441	302,106
	Grants Payable
					Unrestricted	Restricted	Total	Total
					Funds	Funds 8	2023	2022f
	Payroll grants
	Keele University				129,627		129,627	172,409
	UHNMT				68,869		68,869	5,164
	Other
	Keele University	research			20,800		20,800	73,717
	Beth Johnson Foundation				37,836		37,836	38,000
	Total grant paid				257,132		257,132	289,290

				2023	2022
Cost or	valuation
Market value at I April		2022		3,806,884	4,066,457
Additions	at cost			483,064	545,675
Disposal	proceeds			(432,837)	(642,325)
Realised	gains/(losses)	on	disposals	7,927	(4,452)
Unrealised gains/(losses)			on revaluations	(302,323)	(158,471)
Market value at 31March			2023	3,562,715	3,806,884
				2023	2022
				f
Portfolio	valuation
- Securities				3,562,715	3,806,884
				3,562,715	3,806,884
Realised	gains on disposals
				2023 f.	2022f
Carrying	value ofdisposals			424,910	646,777
Disposal	proceeds			(432,837)	(642,325)
Net realised gains/(losses)				7,927	(4,452)

5	Debtors		2023	2022f
	Prepayments	and Accrued income
	Prepaid expenses			4,483
				4,483

Not	es to the Acco	unts for t	he yea	r ended 31March	2023
6	Creditors	Amounts	fallin	due within one	ar			2023f	2022 f.
	Accruals
	Accountancy							2,016	1,920
	Charles Stanley fees							5,400	5,880
	Grants							199,088	61,384
	Other							20,902
								227,406	69,184
7	Statement ofFunds
				Balance	Movement		in Resources		Balance
				B/Ff	Incoming f	Outgoing		Gains/Losses f	C/F
	Unrestricted	Fund		3 1132 159	3111,1191	(217,2133		(294,397	3 551 475

ReconciliaNon of	net move	ment in funds to net cash flow	from o eratia activities
			2023	2022
			f	f.
Net movement in funds			(280,684)	(359,003)
Investment income			(162,782)	(113,562)
Losses/(gains) on	inveslments		294,397	162,924
Decrease/(increase)	in debtors		4,482	5,680
Increase/(decrease)	in creditors		158,222	62,000
Net cash used ia operating		activities	13,635	(241,961)