Charlty r4glstrxtlon numb•r NIC100784 NORTHERN IRELAND RHEUMATISM TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NORTHERN IRELAND RHEUMATISM TRUST LEGALAND ADMINISTrATIVE INFORMATION Tru8tee• Dr G Vhlghl DrA Taggsrt Ms A aulnn Ms H McKeem•n Dr A Calm8 Dr A Bell DrEBall Mr R Kelly DrA Pendlaton (fv4>pL4nled 28 February 2022 (Appolnt•d 28 February 2022) Mi J Monaghan Charlty nwnber NIC100784 Prfnclp•l iddm• Departmanl af Rhaumatology Musgrave Pa￿ Hosp5tal Siockmans Lane Beffast 8T9 7JB Ind•pend•nt •xamlner GMCG USBURN Century House 40 Crescent Buslnas Parft Llsbum BT28 2GN 8•nk•rn Ulster Bank Llnmled 91193 Universty Road Bell•¥l Bri 1NG NORTHERN IRELAND RHEUMATISM TRUST CONTENT8 Trustee5' rwort Independent examlro¢s ryort Slatement of finandal acuvltles SIBlemont of lknandal PDSIUan Noies to Ih? ffnan¢lal glatements 7-10 NORTHERN IRELAND RHEUMATISM TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The trustee5 presenl ttbetr annual report 8Dd fmAndal st8ternents for Iho year ended 310?comber 21y22. The finand81 glalements have been preparBd In a￿ance vAlh Ihe a¢￿Un￿￿9 polk5eJ 80t out In note I lo the finand81 statements and comWy wllh the charW8 Trust Deed. the Charflles Act (Northem Irqland) 2008 and 'Accountlng and RepLYUng by Charllleg: Statew*nt of Recommended Pracllce appllcable to charfUe8 preparing thvtr accounts In accordance wNh the Flnandal Reportlng Standard appllcable In Ihe UK and Republk of Ireland (FRS 1021 (effectlve 1 January 2D19)'. Objectlvm and actlvltl The obJectg Inthde al aspeds ol educatlon and traI￿n￿. for all medlcal, nurnlng and allled heallh professknnals w(wklng In the Ileld of theumauc dlsea#è wlthln Narlhem Ireland. Actlvlues cathed out by the organtutknn 8upport8 medlcal. nurslng Jnd allled heallh profaNslonhls worklng In the eld of rheumatol(wy In Northem Irdand to attend traI￿ng and educallonol conferenc•8 lo bonchmart neiwork. goln knowledge, Sklls and exp*llse In Ihe field of rheumatology. The (xganlsatlon 8180 crltscally revlews and funds approprfale reseath projects wlthln the field of th8urnataloAy In Northem Ireland. The Irust•es have pald due rogard to 9￿dance188UQd by tho Chjrfty Comml88lon In d8cldlnB wh•t athltles the charfty should undertak•. Achlevem•ntS and p•rforniancè The charlty contknues to support rnsearch and educatlon among•t heymhurn profeBslonal• •re Involved In the care of Patr￿18 wEth rheufflatlc dl•ease wlthln Northem I￿laThd. Th• chwty hu bean abl• to SUPPflrt the tralnlng of medkal prnlesslonall dtsrfng thls year. FlnAnchl rnvl The cornpony had net exp?TrdllL￿ In the year al £23.$41 (2021- £1.949), leavlng unrestrlcled thnds of £187,221 (2021- £190,762) and restrlcled fimd8 01 £9.23812021 - £9.238). The unrestrlcted fund8 arv con¥klered to bo es¥entlo1 to provlde iuffidènt funds to cover any unforeseen costs wllch may arfw and legal obllgdonl ol the thartty In Ihe event that cuThenl levels of Incomo arv not mBlntalned. Itls the pollcy of Ihe charlty thal unrestrlthd fvndi vlhlch have not boen deslgnated for a specinc use Bhould be mthtalnBd at 8 level equFvalonl to belween three and slx month'8 expendMu(•. The Iruslees conslder Ihat rnsemi al thlj lavel wlll ensure thal, In the evenl of 8 slgnlflcanl drop In fundlng, th•y wtl bo able to contlnue the chwity's cuTh8nt actE¥llleB whlle cons1dera1i￿14 glven to ways In whlth addttlonal lund8 moy bo ratsed. Thls level of r•ieNeB has been malnl8ln¢d Ihroughwt the year. Th• trustees h8¥e assessed Iho malor rfsks to the charlty18 exposed. and are sHIIBaed that systems arn In place to ffllllg8lo exposurn io the rnajw rl$k8, NORTHERN IRELAND RHEUMATISM TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEPI8ER 2022 stN¢tsir•i gov•min¢e and manag￿nant The charity VMS estabhhed by a chaiilabie Irust dxd on 14 December 1992. The trustees wha ur¥od durfn9 tho year and up to the data of Blgnalure olthe Ilnandal 51atements w•r•: Dr G Vmghl DrA Taggart frAs A Qulnn Dr S Roberts MJ H McKeernon DrA Cakns DrABo11 Dr E 8811 Mrn H AmeS11 Mr R Kelly DrA Pendleton Mi J Mon8ghan (Deceased 13 Septefflber 2023) (Ro8lgnEd 23 F•bNary 2022) (Appolnled 28 FebNAry 2022) 1Appolnl8d 28 Febnjary 2022 The tnislees ahall elecl from among thelr number the follo1￿￿9 Honornry Offlc•r8 kn eath year 81 tho annual genernl meatkng; Chalmian, Honornry Seuetary and Hgnorary Trg8JureT. Th¢rn1g to be not le•8 th6n Ihrne or mor• Ih•n tw•lv• tru>t?es ftt Any Ilrne. Trustees are appolnled at the dlscretkn ol exliung tNstee•. The tyustees, report was vjpproved ty Iho BO1￿ afTnJst•u. MJ Aq￿fin Twst 19. 10.2 NORTHERN IRELAND RHEUMATISM TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHERN IRELAND RHEUMATISM TRUST We report to Ihe tNstees on our exanlnaum of tha Ilnandal slalamants of Northm Ireland Rh8umAUsm TNBt (the charfty) fcy the yeaf ended 31 December2022. R•spon•lbllftl•s and b•81s of r•port As Iho Cha￿.1 tNstees you ar8 reswslNe lar the preparnllon of tha accounls In acc(Ydgfice vAlh the Ch8thleB kt llow the wocedurn8 lald d(N¥n In Ihe genewal DlrncUon8 glvffi ty the Chartty Comnlsslm tr Northern Ireland under sectk￿ e5(9)(b) olth? Charttles Act,. and • 8t#le wh•ther pgrtlculjr mattern hav• como to Our attenllon. Bash ol Independ•nt examln•f• report Ve hove oxanlned your ¢horfty accowts ￿ requlred under secllon 85 of the Charlde3 Act ond Ouf examlnallon was carrled out In accordance wth the genernl Dtrectlons glven by tho Charlty CommlsJkJn laf Northwn lrnland undar ￿￿10Th 85(9)(bl ol the CharlUe$ ACL Our exan￿n•{lon Incknled a revlew of the accounllno rn¢ordJ kept by the charfty and a cofflp•rf8on of the occounts presented vAlh Ih08e records. It also Inthd￿ consldorallon of any unusual btom• or dl8do¥ure$ In Ihe acc¢unt8 and Beeklnp •xpl8natlons from you as charfty t￿￿108$ concemlng any such mottarn. Our ￿016 to stslè ¥thelher any nmterfal mAttern have come lo our attentlan ol¥lng UB Cau￿ to belleve.. That accourtlTr9 recordg wern not keF4 kn accankn wllh ￿dIan 63 olthe CharlUesAct Thal the accounts do not accord wllh th088 acCo￿lfi9 records Thit lh• accowits do not comply wmh the accounllng fequlremenlj of Ihe ChgrltlesAd That thern16 lurther *rf0m￿tIOn needed ftr a wjper und8rnt8ndlng af the accounts to be Teachad. NORTHERN IRELAND RHEUMATISM TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF NORTHERN IRELAND RHEUMATISM TRUST Ind•p•nd•nt examln•f• slat•m•nt hB¥e comphted our examlnadon and havo no con￿MI In respèci of the matters (1) to (41 Ilsted above and, In connecllon fOn0￿g the Dhcuons of th? Charlty Commllslon for Northem Ireland, we ha￿ found no matiers that requlre drawlng lo your attenllm. GMCG LISBURN c￿tury Hou88 40 Crnscent Bu¥lD•81 Park U6bum 8T28 2GN NORTHERN IRELAND RHEUMATISM TRUST 8TATEMEKf OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEIIBER 2022 Unrestrfcl•d R••trlct•d lund• nd8 2022 2022 Total Unr••trlct•d Rutrlcted l￿d3 fund• 2021 2021 Totsl 2022 20 In¥estmerts 316 316 167 167 dl Chafftable adivhles 23,867 23.857 2,116 2,116 Not •xp•ndltur• for th• y••rl N•t mov•m•nt In lund• (23,641) (23,$41) (1.949) (1,949) Fund balancas at 1 January 2022 190,762 9.238 200,OOD 192,711 9.238 201,949 Fund bal4nu• •131 D•e•mb•r 2022 187.221 9,238 178,459 19).782 9,238 200.IX¥J The slatsmant olfinundal ecMeB In￿deS all galns and tomes recognh50d In the year, Al Ineomo and expendltfft dwive from contlnulng 81th111•s. NORTHERN IRELAND RHEUMATISM TRUST STATEMENT OF FINANCIAL POSITION AS AT 310ECEMBER 2022 2022 2021 Curr•nt •s••ts Cash at bank and In hand 183,587 202340 Crndltoys: amounts falllnq due wlthln one y•ar 17,128) (2.240) Net I￿rren1 ass8t$ 176,459 200,000 InGom• fund• Rasirlded funds unr￿trIct•d funds 9,238 187,221 9,238 190,782 178,459 200,000 Th• IIDarbclal statsments were approved by the TTuslaes, aulhoris•d ft)r1ssu• an ...... th behalf by; and slgned on Dr Tru•ts• ght Mr R Kelty Tru•ts• NORTHERN IRELAND RHEUMATISM TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng polleles Ch•rlty Infomiatlon Nerflhem Ireland Rheum3tlsm Twst Ss an unlncorporated charfty reglstered the Chorfty colm￿5$10n In N￿Orn Ireland. The pthdpal offlce Is Department of Rheumatology. Musgrnve Pork Ho8pllal. Stockmani Lane, Beffasl, 8T9 7JB. 1.1 Accounung convonllon The finandal statements have been prepared tn accordance *llh the chaty¥ consiltutlon. the CharSUoi Act 2011 and 'AccounUng and Rgportlng by Charilles., Staienwnl of Recornmended Prnctke appllcable lo charllles pvppartng thék accounts In accordanco w#h the Flnandal Rgportlng Slandard appllcable In thè UK and Republlc of Ireland IFRS 102)" (as 8m•nded for accountlng perlods commendng froffl l January 2016). The chadtyls a Publlc Benefft Entlty as dellned by FRS 102. The chaflty hai l¥k•n advantage of the the SORP chathlei apptylng FRS 102 Updala 8ull8t 1 not to prnpare a Stalem8nl ol Cash Flows. Th• flnandal 8t8tements are prepared In Stethng. whlch Is the thndanal currnnw ol Ihe chathy. Monelary omounts In these financlal stalement5 we roundad to the neafe81 £. The fln8ncl818t&¢ements have been prepared undef Ihe h1*orf￿1 cost convenlth. The prfncfpal accwnlng polldes odopted are get I￿1 below. 1.2 Oolng concern Al thè time of approvlng the finjndal statements, the tN8tee8 havè a reawnoble expeclallon that Ihe tharfty ha• adaquats r080urces to contlnu• In operallongl exlsience for Ih? fowe8ee8ble future. Thus tha trusleeg conllnue lo adopl Ihe gckng cancem basli ol acco￿11￿9 In prnparfng Ihe fin￿￿81 stalemant& 1J Charft•ble fund Unrestrtcted funds are a¥allable for at the dlsuetlon of Ihe truilaes In lurtherance ol Imr tharltsble ¢bJedlve8. Restrlcied fvnds arn #ubject to Spadfic condltk•ns by d¢Jnorn u lo how Ihey may be used. The pwposeB and ui•i ol th? restrlcled funds are set out In Ihe notes lo th• thandal stalemen IA Incomlng M•ource Income Is recogn18ed wh•n the tharlty 1$ legEly onlltted ta It after any perf0M￿ce eandlllonl havo been ffl￿. th• amounts can ba measured rellabty. and11 li probable th•t Income wll be recelved. Cash donatk>ns are rncognlied on recelpL ol￿r donBllws are recogn18ed once tho tharfty has been nolllled of the donallon, unkss perfonnance condltlons requlrn deferrnl ol the amounl. In¢ome tsx rpcovwable In relallw to donatlons focelved under GIftAkl or deeds of covenw>t Is recognSsed at Ihe time ol the donal1￿. 1.5 Re•ourcM •xp•ndod Exp•nditure16 recognlsed on an accnwl basls as a liablllty Is Incurred. Charllable expendSlure comprlse8 those costs Incufrnd ty the diarlty kn Iho ddlvery of tt6 actlvltles and $8rylces for lis beneftclartes.11 Indudes both cos15 Ihat Can be allocated dtroctly lo actl¥ltles and those Costs of an Indlrnct noture to support them. 1.6 Cash and cash •qul¥al•nts Cash and cash equfvaents Indude cash In hand, depo818 hekl at call with bank5, Other short4emi Ilquld Investments wlth orlgknal maturille5 of three months or less. p￿d bank overdrans. Bank eve￿￿ftS are slmwm wlthln borrowlThJs In currant Ilabllths. NORTHERN IRELAND RHEUMATISM TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 A¢counllng pollcl•s Iconlnuad) Bask financl•l •Js•ts Bailc flnanctal assets. whlch Induda del)l0rn and cash and bank balances. are Inloally mea$urod at transad￿n prfce Inthdlng transadk)n costs and are subBequonlty carrted al amortls8d coBt uslng the effecllve Interest malhod unless Ihe anangemenl const1ty1es a financlng knniactlon, where the Iransacllon Is measured at Ihe presenl value of the fvlure recalptB dlscounled at a markel rate ol InteresL FlnBnd21 asset5 las$lfied as recelvabla vAthin one year are not amortlffed. Baslc fln•ncl•l Ilabllftl•s Ba8lG finBndal Hablllues, Indudlng ued1t(￿ and bank loans afe Inltlally rewnlged al trBnsadloTr prfce unleji the wrangement ￿nSIllUte8 a financlng trgnsBrAlon. vthere the debt Instrument18 measured at the present voth ol the future payrnenl8 dlscounted •t J market rnle of Int•resL Flnandal Ilabkldes das*d ai PAyable wtthln ane yaar are not anK>rtliad. Dabt Instnmnents arn ¥ub8equenty carrfod al amorllsad co•L u8lnq Ihe effedlve Inlwest rnle method. Trade ¢redltarn arn obllgatlons to pay for goods or 8ervlc•8 that have been Bcqul¢ed In Ihe ordlnary course of operatloni from luppllers. Amounts payable ar• da8Élfied ￿ ￿TrOnt158b￿IlIej If p8yfflent18 du• ￿1h1n one year or less. If not, they presentad as nan.cuffenl IHbllltles. Trnde cred5tor3 are recocnlsed Inltlally at transacllon ylce and wbsequently me8sured at amortl8ed Gull uslng Ihè •lleGtt¥? inter•st method. D•rneoBnlUon Of fln•￿I•l Il•blllll Flnondal FloblllUe8 arg dwecognlsed wh•n the thadty's contrathal oblgatloni explre or ore dlschoryed or Inv••tm•nts Unrn8trfct•d Unf••lrfct•d lunds lund* 2022 2021 tgrE¥t receE¥able 316 1e7 Ch•rltAbl• actlvlll• Charftabl• Charltabl• aEllvlll•s actlvltl•• 2022 2021 Trnlnlng Gout study Accountan Sundry Expenses 22.373 816 856 12 510 150 1,256 200 23,857 2,118 23,857 2,116 NORTHERN IRELAND RHEUMATISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 OMcrfpiion of charftabh •ctlvttles Ch•ttable acllvlllBJ Educallon. tralnkng. carp and re4earch Into rheumatlc and arlhrlllc dlsorder& Trust• Durlng the year endad 31 December 2021 no payments were mad• to truiteej ofthe charlty, T•x4tlo The Cha￿13 exempt from tax on Inefjme and galns falllng wlthln secloon 505 of the Taxes Act 1988 or 58cllon 252 of the T•x8llonot Ch•rgeaiqe Galns Act 1992 to the exlenl that thes• are appl•d to Its thathblo obfvcts. Cr•drtorn: amounts l•llng du• wllhln one y••r 2022 2021 AccNats and d•ferr•d In￿rne 7,128 2,240 R••trlthd fund¥ The Incom• funds ol the charlty Inthjde reslrfcted lunds Mmprf8lng the follthylry unexp8nded balancei of donallons and arants held on Irusi for 8peclll¢ pwposes: Mov•m•nt In fund• B•l•ne• •t 1 2N2 V••Ourt￿ J1 D•¢•mb•r Trnlntng-AbbVle Ltd Trnknkng. Rothe Producti Thlemedlckne-AbbVle Lld Trthlng- Novard• Inv¢•tmert 1.970 886 5.832 570 1,970 866 6.a32 570 9238 bVI Fundlng fB¢el¥ed lor tralnkng courne on davqloplng skllls In musojloskeletal ￿ra00Und. du Fundlng recelved lor VasLvlltls nwelthg whlth R￿he Pmducts oponiored. NORTHERN IRELAND RHEUMATISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 R•slrfet•d fund• (Conllnu•d> F￿dIng recelved for IT equlpmént for patlant 88lf-monhothg Vthlth benth patlentsl and or the NHS by Improvlng tethnology and patlent ethjcatlon. Fundlng rncelved frjr tralnlng course on dBvelopwig skllls In musculaskeletsl ultrasound vAlh emphasls on the d1ffarBn￿al dlagnost8 of musculoJk•letal pathology and the pracud uae of ultrasound In dlagnos treatmenl and mDnMorlng of patlents vlth rhoLThadc dlléasé. Analys1• al n•t ass•ts b•t4*en fundg Unr•slrfctsd R•strl¢l•d Fund• Fund• 2022 2022 Totsl Unr••trlctsd R••trlclad Fund# Fun 2021 2021 Total 2022 20 Fund balanc48 Bt 31 December 2022 Arn rppie8enled by: Current aBsotsl{118bllM•i) 187.221 9238 176,459 190.782 238 200.000 187,221 9,238 176,459 190,782 9,238 200.000 io-