PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Annual Accounts For the Year Ended 31 March 2024 Charity Number: . NIC101278
PLIBLIC HEALTH MEDICINE EDUC Tl T FUND Index ANNUAL ACCOUNTS 2023124 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 Louise Herron (Chair) Dr Denise O'Hagan Dr Tracey Owen Dr Paul McGumaghan
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND TRUSTEES REPORT Background The Public Health Medicine Education Trust Fund was formed on 1 sl 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 fees 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 investment with the Northern Ireland Hearth and Personal Social servIs 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 Serices under Section 25 of the Charities Act (Northern 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 (Northern Ireland) Order 1972, (as amended by Article 6 of the Audit and Accountability (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 form determined by the Department of Health. Social servIs and Public Safety. The financial statements are prepared as an accrual basis and must provide a true and fair view. Public Benefit Statement The trustees have had regard to the Chartty Commission's Public benefit requirement statutory guidan The purpose of the Public Health Medicine Education Trust is the advanrnent of education in Public Health Medicine resulting in improved health of the public in Northern Ireland. The direct benefft 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'shealth, well-being and health protection as well as reduce health inequalities through the organized efftirts 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 purpose does not lead to harm. The Charity's 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. Retirement and Appointment of Trustees This year saw the retirement of Philip Veal as Chair and Trustee as well as the retirement of Joanne Mcclean. We thank them for their service and support throughout the years. Louise Herron was appointed a Trustee and Chair and Paul McGurnaghan as a Trustee. 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. During the year an event was supported that allowed Specialty Registrars to present a ple of servicelacademic work addressing a question of relevance to public health policy, practice or research in Northern Ireland. This vaTied from being a completed project, an on-going project or a proposed project. Each registrar gave a presentation on an area of their choice. This contributed to the learning outcomes on presentations, oral skills and displaying data that can enhance the knowledge and skills of the Public Health community for the benefit of the public. 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, including relevant accounting and disclosure requirements, and apply suitable accounting policies on a consistent basis. Make judgments and estimates on a reasonable basis. state whether applicable accounting standards as set out in SORP 2005 have been followed and disclose and explain any material departures in the financial statements; Keep proper accounting records., and Ensure an effective system of internal control and establish arrangements for the prevention and detection of fraud and corruption. Statement of Disclosure 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 information and to establish that the Fund's auditor is aware of that information. Signed on behalf of the Trustees: /QnY Dr Louise Hem)n Date 15 October 2024.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND REPORT OF THE INDEPENDENT EXAMINER Independent examinerfs report to the trustees of the Public Health Medicine Education Trust Fund I have prepared and reported on the accounts of the Trust for the Year Ended 31 March 2024, 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 Charity Commission of Northem Ireland within the terms stated above. It is my responsibility to examine and prepare the accounts and to state whether particular matters have come to my attention. Basis of independent examinerfs 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 Inveslment 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 evidence 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 examinefs 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 o 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 08 October 2024.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2024 statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 Not• Unrnstrlctod R•stslet Fur Funds Total Fundo Total Funds INCOMING RESOURCES Inwming trom oeneraty.no AJn¢Js Voluntary Inwme Athil¢es for geratiThj bJThts Investrnent irKome 3,974 3.974 3.820 Other incoming reSCrl Total Ineoming Re80vrces RESOURCES EXPENDED Costs of Generatina funds Costs of aenetatino v(A5Jntsry in¢xJme Fundraisina tradina.. Costs of a¢>)Ys sold and o(her¢osts Investrnant manaqemenl rmts charitab Athbes Governance Costs Other Resour$ Expende¢l Total r•sourc•s •xponded 1.022 1.180 1.180 Net Incornlnglloulwngl y8sou•S bèlorn tsxnsf•rs 1.712 1.772 2.194 TRANSFERS Gr05s transf¥ lthwi nd 2.194 aains and 105se¥ OTHER RECOGNISED GAINSILOSSES Gainsl{losse81 on revaluatim of fixed assets forthantys u•m us• Gainslllossesl on invesimentassets 12 27,451 27.451 (14,0751 Net Mov•mont In Fwid# 29.222 29322 11082 RECONCILIATION OF FUNDS Fund balances broughtforward at f Aprfl 2023 206.200 206,2110 218.082 Fund balan Carrled forward at 31 March 2024 The Th)tes at pages 8 to 16fwm wtof this aca)unL
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2024 Balance Sheet as at 31 March 2024 Note 2024 2023 Non£urrent Assets Investments Programme retated investments Total Non-current Assets 12 236.122 206.900 236,122 206,900 Current Assets Cash at bank and in hand. Total Current Assets Creditors: Amounts falling due within one year 14.1 800 7CKI Net Current Assetsl {Liabilities) 800 700 Total Assets less Current Liabilities 235,322 206,200 Net Assets 235,322 206,200 Funds of the Charity Restricted income funds Endowment funds Unrestricted income fiJnds Unrestricted income funds Revaluatton reserve 15 235.422 206,200 Total UnStriCted Funds 235,422 206,200 Total Charity Funds 235,422 206.200 The notes at pages 8 to 16 form part of this account. Signed: Dr Louise Herron Date: 15 October 2024
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended 31 March 2024 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 Practice 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 following three factors have been met: 1) Entitlement - arises when a particular resource is receivable or the charity's right becomes legally enforceable,. 2) Certainty- where there is reasonable certainty that the incoming resource will be received," 3) Measurement - when the monetary value of the incoming resources can be measured with sufficient reliability. 1 (c) Incoming Resources from Legacies All incoming resources are recognized once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. 1(d) Gifts in Kind 1) Assets given for distribution by the chaiity are included in the Statement of Financial Activities only when distributed. 2} Assets given for use by the charity (e.g. Propety for its own occupation) are included in the Statement of Financial Activities as incoming resources when receivable. 3) Gifts made in kind but on trust for conversion into cash and subsequent application by the chanty 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 charity or the amount actually 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 2024 NOTES TO THE ACCOUNTS 1. Accounting Policies- Continued... 1 (e) Intsngible Income Intangible income {e.g. the provision of free accommodation) is included in the accounts with an equivalent amount in the outgoing resources, if there is a financial cost borne by another paty. The value plad on such income is the financial cost of the third party providing the reSoUrs. 1 (fj 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 once there is a legal or constructive obligation committing the charity to the expenditure. Irrecoverable Vat is charged against the category of resources expended foi 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 (i) 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 2024 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 difference between the market value at the year end and opening market value (or purchase date if later). 1 (n) Funds Structure Vl4here 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 unrestticted funds. Funds which are 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 2024 NOTES TO THE ACCOUNTS 2. Analysis of Voluntary Income There is no voluntary income for the year ended 31 March 2024 (2023.. Nil). 3. Gn)ss Investment Income 2024 Total Funds 2023 Total Funds Gross income earned from: Fixed asset equity and similar investments Fixed asset cash on deposit Current asset investments Other 3,974 3,820 Totsl 4. Incoming Resources from Charitable Actfvftles There is no income from charitable activities for the Fund for the year ended 31 March 2024 (2023: Nil) 11
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2024 NOTES TO THE ACCOUNTS 5. Allocation of Support Costs and Overheads 2024 Total Funds 2023 Total Funds Allocated to Govemance Charitable Activities Financial Administrab'on Admin charge 800 380 800 380 700 Total 6. Analysis of Charitable Expenditure Grant Funded Activity 2023 Total Funds 2024 Total Support Costs Staff education and welfare 1,022 1,022 862 Total 12
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2024 NOTES TO THE ACCOUNTS 7. Analysis of Grants The fund has had no grants in year ended 31 March 2024 {2023.' Nil) 8. Transfers Between Funds The Fund has made no transfers belween restricted funds, UnstrICted funds or endowment funds in the year ended 31 March 2024 (2023.. Nil) 9. Analysis of Staff Costs: The Fund has no employees in the year ended 31 March 2024 (2023: Nil) 10. Accountant's Remuneration The accountant's remuneration of £800 (2023: £700) related lo Ihe preparation of the Financial Statements, the completion of the Annual Monitoring Return to the Charity Commission and co-ordinating the updating of the deeds of Trustees. 13
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2024 NOTES TO THE ACCOUNTS 11. Total TangitAe Fixed Assels The are no awts IW Fw4J in r. {2023.. Nil) 12. Anaty3is of Frrted Asset Investments 12.1 Investrnents in a cCMOn InveSb7 FThJ 2024 2023 Market Val at 1 Apfjl 2023 Net cash infiowlloufficrtvl Share of income sha of wlised gainslllossesl Share of unrealised gain{lo$Se$} MaFket value at 31 March 2024 2C6,900 12.202) 3,974 2,435 25,015 218,782 11,6261 3,820 7,512 12.2 %tstketValue as at 31 March 2024 Hdd He Oude UK in UK 2024 2023 lTrvethient wope"es Inveslrnents listed on Slo(* Fxhange Investrnents in CIF Investments in a Common Dwt Fund or In¥esbnent Fund Unlisted se¢uritses Cash held as part of the investrnent p)rtfc4iD Investments in COnnee¢l bodies otr inv8strnents 238.122 236.122 206.900 Tolal MarkaValueofFwJ Asset In¥estments 14
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2024 NOTES TO THE ACCOUNTS 13. Analysis of Debtors There are no debtors for the year ended 31 March 2024 {2023.Nil) 14. Analysis of Creditors 14.1. Amounts falling due within one year 2024 2023 Other creditors Total 800 700 14.2. Amounts falling due after more than one year There were no creditors due after more than one year. (2023: NIL) 15
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2024 NOTES TO THE ACCOUNTS 15. Analysis of Charitable Funds Fund5 at 31 March ai 1 April 2023 Incoming Re8ource• Galrw Jnd R•souress Ertd 2024 Endowment funds Total Restricted fvnds total Unrestricted and material desiqnated funds Total 206.200 3.974 12,2021 27.450 235,422 16. Conlingencie8 The Fund has no Contingenc at the year ended 31 March 202412023: Nil) 17. Commitinents The Fund has no commitments at the year ended 31 March 202412023.. 18. Financtal Guarantees The fund has not given any financial guarantees as at 31 March 202412023 Nill. 19. Related Party Transactions During the year none of the Trustees or parties related to th8m have undertaken any material transactions With the Public Health Medicine Education Trust Fund. 16