Registered number: 01566912 Charity number: 511893
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 - 10 |
| Notes to the Financial Statements | 11 - 20 |
(A Company Limited by Guarantee)
BROMHEAD MEDICAL CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2025
| Trustees | Sue Bailey |
|---|---|
| Jane Chard | |
| John Forsyth | |
| Dr Patricia Frankish | |
| Dr Richard Thornton (appointed 20 May 2024) | |
| Emyr Morris | |
| Elizabeth Saunby, Chair of Trustees | |
| Dr Elizabeth Wilson | |
| Company registered number 01566912 Charity registered number 511893 Registered office Tower House Lucy Tower Street Lincoln England LN1 1XW Accountants Streets Chartered Accountants Lucy Tower Street Lincoln Lincolnshire LN1 1XW Independent Examiner K Sills BA(Hons) FCA DChA 44 Longdales Road Lincoln LN22JU |
Page 1
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2025
The Trustees present their annual report together with the financial statements of the Charity for the year which runs from 1 May 2024 to 30 April 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
Objectives and aims
The objects of the charity, as set out in its governing document, are:
"'to prevent, relieve and cure sickness and ill health of every kind (including physical injuries) and to promote health in any way which shall be for the time being charitable in law and in particular (but without either derogating from the generality of the foregoing or extending the scope thereof to objects or purposes which are not in law charitable objects or purposes) by providing facilities gratuitously or otherwise according to their means for patients resident (and, if thought fit, non-resident) in nursing homes, hospital pay beds and similar institutions."
The charity trustees took the decision in 2022 to focus more heavily the resources on assistance with mental health referrals in order to enhance the number of applications that charity is able to support and maximise public benefit.
Significant activities
We are increasingly aware that patients are unable to access NHS treatments either because they do not meet criteria or because of the waiting time.
In helping to meet our beneficiaries' healthcare needs, we often help ensure that these individuals can resume work or achieve a better quality of life.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Strategies for achieving objectives
The charity has a number of strategies to achieve the objectives, with the primary one being the awarding of grants.
During the year ended 30 April 2025 and in previous years, the charity awarded grants to individual beneficiaries in order to assist them to access healthcare otherwise unavailable to them. Individuals or representatives made applications to the charity which were assessed against advertised and agreed criteria, met by an appropriate medical representative and then determined and arranged as needed. Those applicants which were not supported financially by the charity were signposted to appropriate alternative support and advised as needed.
Signposting continues to be a useful way for the charity to make a positive impact on the wider community in
Page 2
BROMHEAD MEDICAL CHARITY (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Objectives and activities (continued)
order to assist those who don't always know where to turn when seeking medical support. In addition, the charity continues to petition influential individuals and will champion patients and the public to challenge ineffective parts of healthcare nationally.
c. Grant-making policies
Criteria for individual support from the Bromhead Medical Charity:
-Resident in Lincolnshire -Applicant has a diagnosis or healthcare need.
-The applicant must meet the financial criteria as set by the charity.
Applications will then be reviewed on a case by case basis.
d. Main activities undertaken to further the Charity's purposes for the public benefit
The Trustees continue to be proud to provide direct public benefits to patients in the Lincolnshire area who need timely support with their healthcare needs. Despite improvements over recent years in NHS waiting times, the charity still finds sufficient beneficiaries who have not had, or have no prospect of, access to timely hospital treatment.
Achievements and performance
a. Main achievements of the Charity
The year ended 30 April 2025 has been a progressive year for the charity.
The physical health consultations, operations, treatments and diagnostics have had a huge backlog and waiting times increased in the NHS, however over the summer months timely access to healthcare treatment has been available to our BMC beneficiaries. The Charity continues to be committed in helping support the people of Lincolnshire & their health needs at these challenging times.
In the year ended 30 April 2025 alone, the charity directly supported 303 (2024: 322) individuals financially. In addition, the charity supported countless members of the public by helping them access services available publicly and providing information and advice.
b. Fundraising activities and income generation
During the year ended 30 April 2025 the charity held the second golf day including a raffle to raise funds for the charity which was hugely successful and generated vital funds and fantastic awareness. The charity have in place a fundraising policy.
c. Investment policy and performance
In terms of the invested assets, the Charity has changed its investment strategy in light of this new spend level and the investment managers are fully briefed on the Trustees' investment approach and report accordingly.
Page 3
(A Company Limited by Guarantee)
BROMHEAD MEDICAL CHARITY
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. The charity trustees are mindful that the charities level of reserves and spend means that the charity reserves are being slowly depleted in order to continue to provide the best public benefit for the public. The trustees carefully monitor reserves in making decisions for the future of the charity.
b. Reserves policy
The major financial elements of the Charity are:
-
Its invested assets
-
Its running costs
-
Its beneficiary/ Public Benefit spend
The reserves held by the charity mainly comprise of investments which are used to generate income to support the charities grant making activities. The level of commitments are reviewed by the board regularly in order to ensure the income generated from investments, and if necessary capital invested, can be made available as cash reserves to meet these commitments. Due to this ongoing monitoring of cash flow the level of cash reserves requiring to be held is minimal.
The charity requires a minimum reserves level of £25,000 in order to meet any liabilities necessary for wind up. The nature of the charity, in that prior to 30 April 2025 the only significant source of income was investment income, is that reserves have gradually decreased over the many years the charity has operated. Plans for Future Periods explains the trustees' desire to prolong the life of activity while there is a positive and substantial benefit to the people of Lincolnshire which outweighs the cost in doing so.
At 30 April 2025, the unrestricted reserves of the charity amounted to £518,294 (2024: £729,337).
c. Principal funding
The principal sources of funding for the organisation is all from the returns on the investment portfolios.
Structure, governance and management
a. Constitution
Bromhead Medical Charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. The Charity is governed in accordance with the Memorandum of Association amended 19 November 2003 and Articles of Association dating from 9 June 1981. Articles or Association, based on the latest guidance from the Charity Commission are to be considered shortly.
The Bromhead Medical Charity is constituted as a charitable company, limited by guarantee (Company registration number 01566912).
Page 4
BROMHEAD MEDICAL CHARITY (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Structure, governance and management (continued)
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. Trustees are appointed by the Board, and are subject to subsequent election by the AGM.
c. Organisational structure and decision-making policies
The Charity strives to keep its organisational structure as lean as possible. The Board meets on a regular two monthly meeting cycle.
d. Policies adopted for the induction and training of Trustees
Trustees are interviewed to agree suitability and interest. They are provided with the Charity's Governance documents.
They sign declarations of interest and HMRC's fit and proper person declaration. They are made aware of the helpful information on the Charity Commission website. Often the new trustees we recruit are existing trustees of other charities.
e. Related party relationships
The charity has stringent procedures in place to manage and monitor conflicts of interest. These related party transactions have been fully disclosed in the notes to the financial statements.
f. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
The Trustees actively consider the risks facing the charity from time to time. For example, risks regarding inappropriate claims for beneficiaries are mitigated against by clear qualifying criteria and personal/clinical interviews with the charity's Nurse Advisor. Risks to the Charity's capital value and investment performance are closely monitored with regular monthly reports and detailed meetings with the investment managers.
g. Trustees' indemnities
The trustees have taken out appropriate insurance cover.
Plans for future periods
The trustees have agreed that moving forward: -Estimated annual spend of no more than £200,000 on beneficiaries with a cap of £250,000. -Additional resources of the charity to be dedicated to signposting service in addition to fundraising for the future.
The charity is also seeking to continue to raise a modest income from public fundraising, including delivery of an annual golf day. SDG UK are also hosting a ball to raise funds for the charity in 2025.
Page 5
BROMHEAD MEDICAL CHARITY (A Company Limited by Guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Members' liability
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 24 November 2025 and signed on their behalf by:
................................................
Elizabeth Saunby
Page 6
BROMHEAD MEDICAL CHARITY (A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2025
Independent Examiner's Report to the Trustees of Bromhead Medical Charity ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 April 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: K Sills BA(Hons) FCA DChA
44 Longdales Road Lincoln LN22JU
Page 7
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025
| Note Income from: Donations and legacies 3 Investment income 4 Total income Expenditure on: Raising funds 5,6 Charitable activities Total expenditure Net expenditure before net losses on investments Net losses on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 17,265 27,856 45,121 5,289 256,276 261,565 (216,444) - (216,444) 729,337 (216,444) 512,893 |
Total funds 2025 £ 17,265 27,856 45,121 5,289 256,276 261,565 (216,444) - (216,444) 729,337 (216,444) 512,893 |
Total funds 2024 £ 17,338 5,219 22,557 9,264 237,953 247,217 (224,660) (20,444) (245,104) 974,441 (245,104) 729,337 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
Page 8
BROMHEAD MEDICAL CHARITY (A Company Limited by Guarantee) REGISTERED NUMBER: 01566912
BALANCE SHEET AS AT 30 APRIL 2025
| Note Fixed assets Current assets Debtors 10 Investments 11 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds |
5,519 476,635 44,972 527,126 (14,233) |
2025 £ - 512,893 512,893 512,893 512,893 - 512,893 512,893 |
2,036 708,844 31,689 742,569 (13,232) |
2024 £ |
|---|---|---|---|---|
| - 729,337 |
||||
| 729,337 | ||||
| 729,337 | ||||
| 729,337 | ||||
| - 729,337 |
||||
| 729,337 |
Page 9
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee) REGISTERED NUMBER: 01566912
BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 24 November 2025 and signed on their behalf by:
................................................
Elizabeth Saunby
The notes on pages 11 to 20 form part of these financial statements.
Page 10
BROMHEAD MEDICAL CHARITY (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1. General information
The Bromhead Medical Charity (a company limited by guarantee) is registered in England with company registration number 01566912 and charity registration number 511893. The registered office address of the charity and the principal objectives can be found in the Trustee's report.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Bromhead Medical Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 11
BROMHEAD MEDICAL CHARITY (A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
2. Accounting policies (continued)
2.5 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
| 3. Income from donations and legacies Unrestricted funds 2025 £ Donations 17,265 Total 2024 17,338 4. Investment income Unrestricted funds 2025 £ Interest on portfolio cash 27,856 Total 2024 5,219 5. Expenditure on raising funds Costs of raising voluntary income Unrestricted funds 2025 £ Fundraising Expenses 5,289 |
Total funds 2025 £ 17,265 17,338 Total funds 2025 £ 27,856 5,219 Total funds 2025 £ 5,289 |
Total funds 2024 £ 17,338 |
|---|---|---|
| Total funds 2024 £ 5,219 |
||
| Total funds 2024 £ 8,168 |
Page 13
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
6. Investment management costs
| Unrestricted funds 2025 £ Portfolio management - Total 2024 1,096 |
Total funds 2025 £ - 1,096 |
Total funds 2024 £ 1,096 |
|---|---|---|
7. Analysis of expenditure by activities
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | Total | |
| directly | costs | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Patient support | 234,794 | 21,482 | 256,276 | 237,953 |
Analysis of direct costs
| Grants for individuals Signposting and Medical Advisor Total 2025 |
Patient support 2025 £ 182,150 52,644 234,794 |
Total funds 2025 £ 182,150 52,644 234,794 |
Total funds 2024 £ 166,561 51,895 218,456 |
|---|---|---|---|
Page 14
(A Company Limited by Guarantee)
BROMHEAD MEDICAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Sundry expenses Office and administration support Trustees' liability insurance Accountancy fees Total 2025 |
Patient support 2025 £ 7,217 11,556 1,209 1,500 21,482 |
Total funds 2025 £ 7,217 11,556 1,209 1,500 21,482 |
Total funds 2024 £ 5,856 11,216 1,175 1,250 19,497 |
|---|---|---|---|
All support costs are allocated in full to patient support, which was the only charitable activity carried out during the year ended 30 April 2025.
8. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £ - ( 2024 - £1,500 ).
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .
During the year ended 30 April 2025, no Trustee expenses have been incurred (2024 - £NIL) .
10. Debtors
| Due after one year Trade debtors Prepayments |
2025 £ 600 4,919 5,519 5,519 |
2024 £ 1,550 486 |
|---|---|---|
| 2,036 | ||
| 2,036 |
Page 15
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
11. Current asset investments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fixed Term Deposit Accounts | 476,635 | 708,844 |
Page 16
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
12. Creditors: Amounts falling due within one year
| Trade creditors Accruals and deferred income |
2025 £ 13,311 922 14,233 |
2024 £ 12,311 921 |
|---|---|---|
| 13,232 |
13. Statement of funds
Statement of funds - current year
| Balance at | ||||
|---|---|---|---|---|
| Balance at 1 | 30 April | |||
| May 2024 | Income | Expenditure | 2025 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds | 729,337 | 45,121 | (261,565) | 512,893 |
Page 17
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
13. Statement of funds (continued) Statement of funds - prior year
| Balance at | Gains/ | Balance at | |||
|---|---|---|---|---|---|
| 1 May 2023 | Income | Expenditure | (Losses) | 30 April 2024 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds | 974,441 | 22,557 | (247,217) | (20,444) | 729,337 |
14. Summary of funds
Summary of funds - current year
| General funds Summary of funds - prior year Balance at 1 May 2023 £ General funds 974,441 |
Balance at 1 May 2024 £ 729,337 Income £ 22,557 |
Income £ 45,121 Expenditure £ (247,217) |
Expenditure £ Balance at 30 April 2025 £ (261,565) 512,893 Gains/ (Losses) £ Balance at 30 April 2024 £ (20,444) 729,337 |
Balance at 30 April 2025 £ 512,893 |
|---|---|---|---|---|
Page 18
(A Company Limited by Guarantee)
BROMHEAD MEDICAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
15. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Debtors due after more than one year 5,519 Current assets 521,607 Creditors due within one year (14,233) Total 512,893 |
Total funds 2025 £ 5,519 521,607 (14,233) 512,893 |
|---|---|
Analysis of net assets between funds - prior year
| Debtors due after more than one year Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 2,036 740,533 (13,232) 729,337 |
Total funds 2024 £ 2,036 740,533 (13,232) 729,337 |
|---|---|---|
16. Members' liability
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.
Page 19
BROMHEAD MEDICAL CHARITY
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
17. Related party transactions
Elizabeth Saunby, Trustee, is a Partner for Streets LLP, who act as accountants to the charity. The fees paid to Streets amounted to £576 for administration services for the year ended 30 April 2025 and £1,500 for accountancy fees.
Dr Pat Frankish, Trustee, is a Director/Shareholder of Pat Frankish Consultancy Limited and Amara Care Limited which provided psychotherapy services during the year. Fees paid by the charity during the year totalled £10,475 (2023: £14,368) with £nil (2023: £nil) owed at the year end.
Gordon Forsyth, Trustee, is Chairperson of the Parents and Autistic Children Together (PAACT) which provides ad-hoc consultancy services and room hire to the charity including to support individuals with ADHD and Autism services. Fees paid by the charity during the year totalled £4,320 (2024: £3,740) with no amount owed at the year end.
Page 20