;
REGISTERED CHARITY NUMBER: 569324
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2025
FOR
SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
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Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025
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|---|---|---|---|
| Report ofthe Trustees | 1 | fo | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activitles | 5 | ||
| Balance Sheet | 6 | ||
| Notes fo the Financial Statements | 7 | to | 31 |
| DetailedStatementofFinancialActivities | 12 |
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended Sth April 2025. The irustees have adopted the provisions of Accounting and Reporting by Charlies: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective 1 January 2019},
OBJECTIVESObjectives andAND aimsACTIVITIES
Trust funds, both income and capital, are to be applied for the following purposes:
- To promote and advance from the South Staffordshire Medical Centre the study and general knowledge of science and medicine and all matters relating to the progress and development of all branches of medicine and surgery and in paricular to found, aid, maintain and endow scholarships and bursaries to enable members of the medical profession in other lands and to travel for the purpose of learning new techniques and new methods of management of diseases in order to improve the quality of medical care for the inhabitants of Wolverhampton.
~ In furlherance of the above object, but not otherwise, lo prepare, edit, print, publish, issue, acquire and circulate books, papers, periodicals, gazettes, circulars and other literary undertakings concerned with any branch of medicine and science and disseminate the same by means of reading papers, delivering lectures and giving of advice.
- To promote the charitable purpose of the medical centre by assisting in the development, equipping and maintenance of ihe medical centre.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives.
The Charity funds did not comprise ‘permanent endowment’ and beth capital and ihe income could be used in the furtherance of ihe Charity’s purposes. The trustees had, however, invested the original capital and the investments now consist of holdings in Common Invesiment Funds and directly in equities and bonds. More details are given in note 5 to the financial statements.
ACHIEVEMENTS AND PERFORMANCE
Charltable activities Grants of £68,400 were made during the year (2024: £54,000 These are analysed in note 3 of the financial statements.
FINANCIAL REVIEW
Net assets at 5tn April 2025 were £796,669 (2024: £777,595 represenied mainly by investments in Charishare Income shares and equity investments.
Gross income for the year was £70,931 (2024: £15,713), Fees and costs payabie to the administrators and accountants totalled £4,440 (2024: £4,863). Total grants were £68,400 {2024: £54,000) resulting in net outgoing resources of £1,934 (2024: net outgoing resources of £43,095}.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Mrs Rotha Mary Abraham died on 25th February 1976 and her will provided, inter alia, that ner residuary estate should be held upon trust absolutely for the South Staffordshire Medical Centre Charitabie Trust, with a request that this legacy should be applied in funding a scholarship to be known as "The Rotha Abraham Scholarship".
The trustees of South Staffordshire Medical Centre decided that in order to comply with the wishes of Mrs Abraham a separate charitable trust should be set up to deal with this legacy and accordingly, by declaration of trust dated 24th September 1979, the "South Staffordshire Medical Centre Chatitable Trust - The Rotha Abraham Bequest" was created,
The trustees shall not be less than three in number nor more than five and the power of appointing new trustees is vested in the surviving or continuing trustees,
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED STH APRIL 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees The power of appointing new trustees is vested in the continuing or surviving trustees. When a vacancy arises the trustees approach people they believe to hold the skills and experience required by the Trust to see if they are interested in the position, New trustees are provided with background information on the Trust and its purpose.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 509324
Principal address c/o M M Monnes-Thomas FBC Manby Bowdler 6-10 George Street Wolverhampton WV2 4DN
Trustees R J Cullen AC Vernon [resigned 26.9.24} J Murphy M M Monnes-Thomas (appointed 26.9.24}
Independent Examiner A Raloh FCA CTA Stanton Ralph & Co Limited Chartered Accountants The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
Solicitors
FBC Manby Bowdler 6-10 George Street Wolverhampton WV?2 4DN
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5TH APRIL 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
HSBC PO Box 33 9 Queens Square Wolverhampton WV1 TE
Cater Allen Private Bank 9 Nelson Street Bradford BD] 5AN
Brokers Merrill Lynch Investment Managers 33 King William Street London ECAR 9AS
EFG Harris Allday 33 Great Charles Street Birmingham B3 3JN
POLICY ON RESERVES
The trustees aim to maintain reserves at a level sufficient to generate enough income to provide a worthwhile level of grants to the causes identified in the Charity's objectives.
Approved by order of the board of trustees on 12th January 2026 and signed on its behalf by:
MM Monnes-Thomas - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
Independent examiner's report to the frustees of South Staffordshire Medical Centre Charitable Trust - The Rotha Abraham Bequest
| report to the charily trustees on my examination of the accounts of South Staffordshire Medical Centre Charitable Trust - The Rotha Abraham Bequest {the Trust) for the year ended Sth April 2025,
Responsibilities and basis of report
As the charily trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Aci).
! report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in camying out my examination | have followed all applicable Directions given by the Charify Commission under Section 145({5)(b) of the Act.
Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Trust as required by Section 130 of the Act: or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounis and Reports) Regulations 2008 other than any requirement thai the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A Raloh FCA CTA
Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station Whitburn Street Bridgnorth Shropshire WV16 4QP
12th January 2026
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2025
| FOR THE YEAR ENDED 5TH APRIL | 2025 | ||
|---|---|---|---|
| Notes | 5.4.25 Unrestricted fund £ |
5.4.24 Total funds £ |
|
| INCOME AND ENDOWMENTS FROM | |||
| Invesimentincome | 2 | 70,93] | 15,713 |
| EXPENDITURE ON | |||
| Charitable activilles | |||
| Main charitable activity | 71,665 | 57,656 | |
| Other | 1,260 | 1,182 | |
| Total | 72,925 | 58,808 | |
| Netgainson investments | 21,008 —____ |
4,439 —____ |
|
| NEFINCOME/(EXPENDITURE) | 19,014 | {38,656} | |
| RECONCILIATION OFFUNDS | |||
| Total funds brought forward | 777,595 | 816,251 | |
| TOTALFUNDSCARRIEDFORWARD | 796,609 | 777,595 |
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The notes form part of these financial statements
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
| BALANCE SHEET | ||||
|---|---|---|---|---|
| 5TH APRIL 2025 | ||||
| 5.4.25 | 5.4.24 | |||
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Investments | 7 | 708,363 | 746,012 | |
| CURRENT ASSETS | ||||
| Cash at bank | 92,758 | 34,835 | ||
| CREDITORS | ||||
| Amounts failing due within one year | 8 | (4,512) | (3,252} | |
| : | ||||
| NET CURRENT ASSETS | 88,246 | 31,583 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | - | 796,609 | 777,595 | |
| NET ASSETS | 796,609 | 777,595 | ||
| FUNDS | 9 | |||
| Unresiricied funds | 796,609 | 777 595 | ||
| TOTALFUNDS | 796,609 | 777,595 |
The financial statements were approved by the Board of Trustees and authorised for issue on 12th January 2026 and were signed on ifs behalf by:
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M M Monnes-Thomas - Trustee
The notes form part of these financial statements
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2025
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ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial siatements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 201}. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets,
Income
Allincome is recognised in the Statement of Financial Activities once the charily has entitlement to the funds, it is probable that ihe income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity fo ihat expenditure, it is probable that a transfer of economic benefits will be required in setilement and ihe amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cos! related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met al the year end date are noted as buf not accrued as expenditure.
a commitment
Taxation
The charity is exempt from tax on its charitable activities,
INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 5.4.25 | 5.4.24 | |
| £ | £ | |
| Dividend income | 67,931 | 12,074 |
| Deposit account and overseas bond interest | 2,280 | 2,994 |
| UK Property Income | 720 _— 70,931 |
645 — 15,713 |
| GRANTSPAYABLE | 5.4.25 | 5.4.24 |
| £ | é | |
| Main charitable activity | 68,400 | 54,000 |
| The total grants paid to institutions during the yearwas as follows: | ||
| 5.4.25 | 5.4.24 | |
| Universityof Wolverhampton Wolverhampton NHS |
- 68,400 —___ 48,400 |
54,000 - ___ 54,000 |
3. GRANTS PAYABLE
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4, SUPPORT COSTS
SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
,
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Finance | costs | Totals | ||
| £ | £ | £ | ||
| Otherresources expended | - | 1,260 | 1,260 | : |
| Main charitable activity | 25 | 3,240 | 3,265 | |
| 25 | 4,500 | 4,525 |
5. TRUSTEES’ REMUNERATION AND BENEFITS
There was no trustees' remuneration or other benefits for the year ended 5th April 2025 nor for the year ended Sih April 2024.
Trustees’ expenses
Trustees’ expenses paid for the year ended 5th April 2025 were £nil (2024: Enil).
é.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Investment income | 15,713 |
| EXPENDITURE ON | |
| Charitable activities | |
| Main charitable activity | 57,656 |
| Other | 1,152 |
| Total | 58,808 |
| Net gains on investments | 4,439 |
| NET INCOME/(EXPENDITURE) | (38,656) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 816,25} |
| TOTALFUNDSCARRIEDFORWARD | 777595 |
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
7. FIXED ASSET INVESTMENTS
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Listed|
|investments|
|£|
|MARKET|VALUE|
|At|6th|April|2024|746,012|
|Additions|90,404|
|Disposals|(149,261)|
|Revaluations|21,008|
|At|5th|April|2025|708,363|
|NET BOOK VALUE|
|At|Sth|April|2025|708,343|
|At|Sth|April|2024|746,012|
----- End of picture text -----
|
The market value of listed invesimenis held outside the UK as ai 5th April 2025 was £59,282 (2024: £45,766). Cost or valuation at 5th April 2025 is represented by:
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Listed|
|investments|
|Valuation|in|2025|708,363|
|or|
|8.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|5.4.25|5.4.24|
|Accrued|expenses|4,512|3,252|
|9.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|6.4.24|in|funds|§.4,25|
|£|£|£|
|Unrestricted|funds|
|General fund|777,595|19,014|796,609|
|ee|ee|ee|
|TOTAL FUNDS|777|595|19,014|798,609|
----- End of picture text -----
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
9, MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Generalfund | 70,931 | (72,925) | 21,008 | 19,014 |
| TOTAL FUNDS | 70,931 | {72,925} | 21,008 | 19,014 |
| Comparatives formovement In funds | ||||
| Net | ||||
| movement | At | |||
| At 6.4.23 | in funds | 5.4.24 | ||
| Fa | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 816,25] | {38,656) | 777 S95 | |
| TOTAL FUNDS | 816,251 | (38,656) | 777,595 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |
| resources | expended | losses | in funds | |
| & | £ | & | & | |
| Unrestricted funds | ||||
| General fund | 15,713 | (58,808) | 4,439 | (38,656) |
| TOTALFUNDS | 15,713 | {58,808) | 4,439 | {38,656} |
A current year 12 months and prior year 12 months combined position is as fallows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 6.4.23 | in funds | 5.4.25 | |
| £ | & | £ | |
| Unrestricted funds | |||
| General fund | 816,251 | (19,642} | 798,609 |
| TOTALFUNDS | 816,251 | {19,642} | 796,609 |
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 5TH APRIL 2025
9,
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined nef movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|€|
|Unrestricted|funds|
|General|fund|86,644|{133,733}|25,447|(19,642)|
|TOTAL FUNDS|86,644|{131,733}|25,447|{19,642}|
----- End of picture text -----
10. RELATED PARTY DISCLOSURES
1H, There were no related party transactions for the year ended 5th April 2025. ULTIMATE CONTROLLING PARTY
The charity is controlled by tne board of trustees.
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SOUTH STAFFORDSHIRE MEDICAL CENTRE CHARITABLE TRUST - THE ROTHA ABRAHAM BEQUEST
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| FOR THE YEAR ENDED 5TH APRIL 2025 | ||
| 5.4.25 | 5.4.24 | |
| & | & | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Dividend income | 67,93] | 12,074 |
| Deposit account and overseas bond inferest | 2,280 | 2,994 |
| UK Property Income | 720 | 645 |
| 70,931 | 15,713 | |
| Tofal incoming resources | 70,931 | 15,713 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to institutions | 68,400 | 54,000 |
| Support costs | ||
| Finance | ||
| Bankcharges | 25 | (55) |
| Governance costs | ||
| Stockbroker fees | 3,240 | 3,711 |
| Accountancyand legai fees | 1,260 | 1,152 |
| 4,500 | 4,863 | |
| Total resources expended | 72,925 | 58,808 |
| Netexpenditure | (1,994) | {43,095} |
This page does not form part of the statutory financial statements
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