PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Annual Accounts For the Year Ended 31 March 2023 Charity Number: . NIC101278
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Index ANNUAL ACCOUNTS 2022123 Members of the Board Trustees Report Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Accounts
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND MEMBERS OF THE BOARD Charity Name: PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Charity Number: NIC101278 Charity Address: 12-22 Linenhall Street Belfast BT2 8BS Trustees: Dr Philip Veal (Chair) Dr Joanne Mcclean Dr Denise O'Hagan Dr Tracey Owen
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND TRUSTEES REPORT Background The Public Health Medicine Education Trust Fund was formed on 151 December, 1983. The Fund's principal purpose is to provide undergraduate and post-graduate funding for the study of Community and Public Health Medicine. Historically, the Fund reiVed donations from Doctors who were paid f&s by Belfast City Council in respect of the completion of cremation certificates. These donations ceased in 2005 and the Fund's only income now arises from its sole investment. The Fund has an investrnent with the Northern Ireland Health and Personal Social Ser4ices Charitable Fund Committee ("CIF'). CIF is a pooled charity trust established by an Order dated 30th March, 1995, made by the Department of Health and Social Serwces under Section 25 of the Charities Act (Northem Ireland) 1964, with the objective to hold and to manage charitable funds for the benefit of the participating bodies in connection with the provision of health and social services in Northern Ireland. The Fund is allocated a share of the CIF'S quarterly dividend income, unrealized gainsllosses and realized gainsllosses in respect of its investment in CIF. Under the Health and Personal Social Services (Northem Ireland) Order 1972, (as amended by Article 6 of the Audit and Accountabilty (Northern Ireland) Order 2003), the Department of Health. Social Services and Public Safety (DHSSPS) has directed the Public Health Medicine Education Trust Fund to prepare a statement of accounts in respect of endowments and other property held on trust by it in a fomi determined by the Departsnent of Health, Social Services and Public Safety. The financial statements are prepared as an accrual basis and must provide a true and fair view. Public Benefit Statement The trUStS have had regard to the Charty Commission's Public benefrt requirement statutory guidance The purpose of the Public Health Medicine Education Trust is the advanment of education in Public Health Medicine resulting in improved health of the public in Northern Ireland. The direct benefit which flows from this purpose is improved knowledge of undergraduate and post-graduate medical students in order that Public Health Medicine can improve the community's health. well-being and health protection as well as reduce health inequalities through the organized efforts of society in Northern Ireland.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND TRUSTEES REPORT Public Benefit Statement This benefit is demonstrated through feedback from the undergraduate and post-graduate medical students of improved knowledge and through the monitoring of Public Health by healthcare professionals. This putpose does not lead to harm. The Charitws beneficiaries are undergraduate and post-graduate medical students involved in the study of Public Health Medicine in Northern Ireland and there is no private benefit to trustees. Activities Funded in year The PHMT has continued to support individuals to attend courses that would help them enhance key skills required to fulfil a Consultants role effectively. We hope to increase support for post-graduate students in the next financial year by supporting fa to fa training in this post pandemic era. Reserve Policy The Trusts Reserve Policy is that unrestricted funds not committed or invested in tangible fixed assets should be between 3 and 6 months of unrestricted expenditure. Financial Position The Trust remains in a healthy financial position and aims to continue to help post graduate students.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND TRUSTEES REPORT Trustees, Responsibilities In preparing the financial statements the Trustees are required to". Observe the accounts direction issued by the Department of Health, induding relevant accounting and disclosure requirements, and apply suitable accounting policies C&n a consistent basis" Make judgments and estimates on a reasonable basis- State whether applic2ble accounting standards as set out in SORP 2005 have been followeo and disclose and explain any material departures in the financial statements" Keep proper accounting records,. and Ensure an effective system of internal control and estsblish arrangements for the prevention and detection of fraLKI and corruption. Ststement of Dlsclosure to the Independent Examiner So far as the Trustees are aware, there are no relevant audit information of which the Fund's auditor is aware: and The Trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit infomation and to establish that the Fund's auditor is as%vare of that information. Si ned on behalf of the Trustses: Dr Philip Veal Dat• 3rd July 2023.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND REPORT OF THE INDEPENDENT EXAMINER Independent examiner's report to the trustses of tho Public Health M8dicin8 Education Trust Fund I have prepared and reported on the accounts of the Tiust for the Year Ended 31 March 2023, which are set out on pages 6 to 16, 1 can confirm that I have not been involved in the day-to-day runninglbook-keeping of the Common Investment Fund and do not hold a trustee position. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year and that an independent examination is needed as agreed with the Charty Commission of Northem Ireland within the terms stated aboye. It is my responsibility to examine and prepare the accounts and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Common Investment Fund administrators and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (1) Which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records. and to prepare accounts which accord with the accounting records have not been met; or (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Lyn Benson, FCCA, BA Date 3rd July 2023.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2023 ststement of Flnancial Activities for the Year Ended 31 March 2023 2023 2022 Toial Furx15 Nots Unrèstiict•d R•strictsd Fund5 Fund5 FuE¥ds IN¢OM114G IIESOURCES IncomiTrJ rr¢e8 from generaling fiJnd8 Vduntsry IFKorne A¢tMties for gwor81irKJ funds Investment Inccxno 3,820 3x20 IncomirKJ (98wrc*s from tharitabb aclivili08 other Ino)miryJ res(x1e$ Total IncomiThg ReSoUe 3.820 3.820 3,820 RESOURCES EXPENDED Costs of Goneratig )knd5 Costs ol 98nèrating volLthtary incorne Fundraistng IfadirKJ.' Costs ol 9]d8 wld and (thro)sts InvÈstment Man8Ment cost5 Ch8ritatA8 Activities Govemance Costs Cer Resources Expendad Total sOurceS exptnded 62 1,294 71X) 1,627 1.627 1,995 t incominglloutgoingl resources before transfe 1194 2.194 1,662 TRANSFERS Gross Iransfers funds Net Ineom4ntylOutgoln9) Rosour¢e8 before (Aher recognls•d galn45 and lo&8 2.194 2,194 1.662 OTHER RECOGNISED GAIMSJLOSSES Gatnsl{losse8) Drt revaluats" of fixed assets ft>rcharity's L Gainsfiio88e$) on investmwtt assetg 12 114,0751 1140751 12,037 Net Mov•mgnt In Fund$ 111.8821 11.BB21 RECONCILIATION OF FUNDS Fund l)alance5 brought forward at 1 Apftl 2022 21&082 218.082 FurKI balances carrfgd fornord at 31 March 20rJ The notes * geS 8 to 16 fomi parl ofthi$ atrount.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts forthe Year Ended March 2023 Balan¢e Sheet as at 31 March 2023 2023 Inl*yibl? assets TawYJiik¥ 8$98t8 11 12 218,782 Tp141 Mon£urr•nt A•••ts 21a,782 Currgnt As80ts 13 Short tern itwesfvnts and dep05116 Cash at b8nk and in hand. Tolql Cufy•ntAts reditorn: Amcunts fdllro ts wmhln OF y•w 14.1 UnfMlh•d en)dltor (knniA88•ts1 (Llablll#o•) 70Q Totsl AM•ts1098 Cuff•rt U•blllll8• 211082 Cr•dRorn: Arno fdltrrfJ dua alt•rnm Ihon 142 218.081 Fund• orth• Charlty unrestr1¢Y in¢wM fvnd8 15 21&¢J82 Tot•1 Uwe8tsldul Fw 21& Total Chartty FundB 8t0 16 form portolli8 arunt. Date. 3Td Juty 23
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended 31 March 2023 NOTES TO THE ACCOUNTS 1. Accounting Policies 1(a) Basis of Preparation The financial statements have been prepared in accordance with 'Accounting and Reporting by Charities, The Statement of Recommended practi issued in March 2005 and with relevant guidance issued by the DHSSPS. 1(b) Incoming Resources All incoming resources are included in full in the statement of financial activities as soon as the followng three factors have been met: l) Entitlement- arises when a particular source is receivable or the charitys right becomes legally enforceable,. 2) Certainty- where the is reasonable certainly that th& incoming resource will be received," 3) Measurement - when the monetary value of the incoming resources can be measuTrd with sufficient reliability. 1{c) Incoming Resources from Legacies All incoming reSoUrS are recognized once the charity has entttlement to the resources, it is rtain that the reSoUrS will be reiVed and the monetsry value of incoming resources can be measured with sufficient reliability. 1 (d) Gifts in Kind 1) Assets given for distribution by the charity are included in the Statement of Financial Activities onty when distributed. 2) Assets given for use by the charity (e.g. Property for its own occupation) are included in the Statement of Financial Activities as incoming reSoUrS when re1Vable. 3) Gifts made in kind but on trust for conversion into cash and subsequent application by the charity are included in the accounting period in which the gift is sold. In all cases the amount at which the gifts in kind are brought into account is either a reasonable estimate of their value to the charty or the amount actualty realized. The basis of the valuation is disclosed in the Trustees Report.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended 31 March 2023 NOTES TO THE ACCOUNTS 1. Accounting Policies - Continued... 1{e) Intangible Income Intangible income (e.g. the provision of free accommodation) is included in the accounts with an equivalent amount in the outgoing reSoUrs, if there is a financial cost borne by another party. The value placed on such income is the financial cost of the third party providing the resources. 1{t) Resources Expended and Irrecoverable VAT All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. All expenditure is recognized On there is a legal or constructive obligation committing the charity to the expenditure. Irrecoverable Vat is charged against the category of resources expended for which it was incurred. 1{g) Allocation of Support Costs and Overheads Support costs and overheads have been allocated to Governance Costs. The analysis of support costs and the bases of apportionment applied are shown in Note 5. 1(h) Charitable Activities Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs comprise direct costs and an apportionment of overhead and support costs as shown in Note 5. 1(1) Governance Costs Governance costs comprise all costs incurred in the governance of the charity. These costs include costs related to the preparation of the Accounts together with an apportionment of overhead and support costs. 1ti) Fixed Assets There are no fixed assets held by the Fund. 1 (k) Donated Assets There are no donated assets held by the Fund.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended 31 March 2023 NOTES TO THE ACCOUNTS 1. Accounting Policies - Continued... 1 (1) Investment Fixed Assets Investment fixed assets are shown at market value as at the balan sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. 1(m) Realised Gains and Losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sale proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the differen beeen the market value at the year end and opening market value (or purchase date rf later). 1(n) Funds Structure Where there is a legal restriction on the purposes to which a fund may be put, the fund is classified in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment fund. Other funds are classified as unrestricted funds. Funds which a not legally restricted but which the Trustees have chosen to earmark for set purposes are classified as designated funds. 1 (0) Pension The fund has no employees. 10
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2023 NOTES TO THE ACCOUNTS 2. Analysi8 of Voluntary Income There is no voluntsry income for the year endeol 31 MarGh 2023 (2022.. Nil). 3. Gross Invoslment Income 2023 Totsl Funds 2022 Total Funds Gro88 income earned from: Fixed asset equity and similar investments Fixed asset cash on deposit Current asset investrnents Other 3,820 3,8 Total 4. Incomlng Resources from Charitable Actrwities There is no income from charitable activities for the Fund for the year ended 31 March 2023 (2022= Nil) 11
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2023 NOTES TO THE ACCOUNTS 5. Allocation of Support Costs and Overhead8 2023 Total Funds 2022 Total Funds Allocated to Charitable Govemance Actlvltles Financial Administration Admin charge Salaries and related costs Staff training Staff recruitirent Office rent Intemal Audit Extemal Audit Telephonel Postagel statonery Bank Charges Other professional expenses Insuran 700 64 700 64 700 Total 6. Analysis of Charitable Expenditure Grant Funded Actlvlty 2022 Total Funds 2023 Total Support Costs Medical research Purchase of new equipment Building and refvrbishment Staff education and welfare Patient education and welfare Other 862 1,294 Total 12
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2023 NOTES TO THE ACCOUNTS 7. AnalS of Grants The fund has had no grants in year ended 31 March 2023 (2022". NIEI B. Transfers BetrHeen Funds The Fund has made rm) trartsfe btheen restricled fvnds, unrestrlcaed ftjnds or endowment fijnds in the year erxled 31 Mar(* 2023 (2022.. Nil) Analysis of Staff Costs: The Fund ha5 no emoYeeS in the year endeil 31 March 2023 {2022: Nil) 10. A¢UnntS R•munwation The account8nfs remuneration of £700 12022.. £700) related 50Jely to the preparation Df the financial statements and the Completion of the Annu81 MonilorirwJ Retum to the Chanty Commission. 13
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2023 NOTES TO THE ACCOUNTS 11. Total T•nglble Flx•d A8gèts TW a no fixèd assets h8kY by thè Fund12022'. Niri 12. Analysis ol Flxad Assot Invastmonts 12.1 Investmgnts in a Common Invostmant Furrd 2023 2022 Markèt valuè at 1 April 2022 Net cash irfflowllouffiow) Share of income Share of alised oainslllossesl Sharo of unreallsed 9ainslOosses) Markèt valuè at 31 March 2023 218.782 11.6261 3.820 7.512 205,084 11,9941 3.656 7.580 218.782 12.2 Plark•t Valug as at 31 March 2023 Hold )utsldg UK Hgld In UK 2022 Investment prOtieS Investments listed on SIoL* Exchange Investments in CIF Investments in a Common Deposit Fund or Investment Fund UnlÉsted securittes Cash hold as part ol the investment portfolio Investments in connected bodies Olher investments 206,900 2(b.900 218,782 Total Alarket Valu• of Flx¢d A8¥ot Inve¥lmonts 14
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2023 NOTES TO THE ACCOUNTS 13. Analysis ol Debtors The are no debtors for the year ended 31 March 202312022.Nil) 14. Anatysls of Credltors 14.1. Amounts fallin9 due within oneyear 2023 2022 Loans and overdratts Trade cr8ditoffs Other creditors Accruals Deferred iricome Total 700 7CK) 142. Amounts falling due after mornthan ono year 2023 2022 Loans and overdrafts Trade editors Other creditors A¢cnJals Deferred income Total 15
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2023 NOTES TO THE ACCOUNTS 15, Analy818 of ¢harftsble Fund8 Balance at 1 Apyil 1022 Funds at 31 March 2023 Incoming Ite¥ourtes Gaim and R8sourc•5 Expanded End(PNTnwt fvrxly Totsl Restric fundts total Unrestricted and matenal deslgnated fvnds Total 218,082 3,820 11.6281 114,0751 206,200 16. C¢ntlngenclg¥ The Fmd has no contingerKtes at the year ended 31 math 20rJ12022.. Niil 17. Commitmenis The Fund has al tho ygar ended 31 March 20Yd {2022.' Nil) 1& Flm•nclal Guarantees The nd has not gwen anYffinan[J guarant£e5 as at 31 March 202312022 Nil). 19. Relate(I Party Trarffjactions During the year rK)ne of Ihe Trustees or parttes related to them lave urthrtaken any matertal transtsons with Ihe Public Heamh Medicin8 Education Trusi Fut*1. 16