PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Annual Accounts For the Year Ended 31 March 2025 Charity Number: . NIC101278
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Index ANNUAL ACCOUNTS 2024125 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 McGurnaghan
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND TRUSTEES REPORT Background The Public Health Medicine Education Trust Fund was formed on 1st 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 received 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 Northem Ireland Health and Personal Social Services 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 Services 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 fonm determined by the Department 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 trustees have had regard to the Charity Commission's Public benefit requirement statutory guidance The purpose of the Public Health Medicine Education Trust is the advancement of education in Public Health Medicine resulting in improved health of the public in Northem 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'shealth, 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 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. 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 specialty registrars where funded to attend a Leadership Course to ensure the continuous development and up to date knowledge of their teams as well as promoting their wellbeing. A Consultant was also funded to present at a conference focusing on leadershiplfeedbacldcoaching in the context of recent challenges within training identified in relation to low trainee morale, staffinglworkload pressures and organisational change. The Stephenson Prize Event was again funded which is an annual activity organised for specialty registrars (StRs) undertaking Public Health training in the Northern Ireland Deanery. The purpose of the event is to allow StRs an opportunity to present work they have undertaken to their peers, supervisors and colleagues, thereby sharing the learning achieved and allowing StRs to develop and improve their presentation skills and enhance their confidence in delivering to a Public Health audience. 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 infonnation. Signed on behalf of the Trustees: Dr Louise Herron Date 15th October 2025
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND REPORT OF THE INDEPENDENT EXAMINER Independent examiner's 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 2025. 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 Northern 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 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 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 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 08 October 2025.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2025 Statement of Financial Activities for the Year Ended 31 March 2025 2025 2024 Note Unrtstrictèd Funds ReS¢rIed Funds Total Funds Totsi Funds INCOMING RESOURCES Incoming resour from generating funds Voluntary Inwtne Activities forgenerating funds Investment income 4.5fj7 4,567 3,974 Incoming $¢)UrCeS from charitable actlvlties Oth8r incomlng resource5 Totsl Incomlng Resources 3,974 RESOURCES EXPENDED Costs of Generating funds Costs of generats.no voluntary incorne Fundraising trading.. Costs of goods solé aNJ other costs Investment management G05ts Charltable Activities Governan Cost5 Other Resources Expended Total resourcos oxpended 3.754 1,088 3,754 1.088 1,022 1.180 4.842 4.842 2.203 Net In¢omlnglloutyoingl resoUe$ before transfers -274 -274 1,772 TRANSFERS Gross transfers betseen fund5 Net IncomInlOtOiftg) Resources before oth*r re¢ognised gains and los$e$ .274 -274 1,772 OTHER RECOGNISED GAINSILOSSES Gain51llossesl on revaluation of fixed assets for charitys own use Galnslllossesl on investment assets 12 2.009 2.009 27,451 Net Movement In Funds 1.735 1.735 29.222 RECONCILIATION OF FUNDS Fund balances brought forward at 1 April 2024 235,422 235,422 206,200 Fund balances carried forward at 31 March 2025 The notes at pages 8 tg 16 form part of thi5 account.
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2025 Balance Sheet as at 31 March 2025 Note 2025 2024 Non-current Assets Investments Programme related investments Total Non-current Assets 12 237,857 265,344 237,857 265,344 Current Assets Cash at bank and in hand. Total Current Assets Creditors: Amounts falling due within one year 14.1 700 800 Net Current Assetsl (Liabilities) 700 800 Total Assets less Current Liabilities 237.157 264,544 Net Assets 237,157 264,544 Funds of the Charity Restricted incorne funds Endowrnent funds Unrestricted income funds Unrestricted income funds Revaluation reserve 15 237.157 264,645 Total Unrestricted Funds 237,157 264,645 Total Charity Funds 237,1S7 264,645 The notes at pages 8 to 16 fomi part of this account. Signed: Dr Louise Herron Date= 15 October 2025
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended 31 March 2025 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 following three factors have been met: 1) Entitlement - arises when a particular resource is re1vable 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 charity are included in the Statement of Financial Activities only 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 resources when receivable. 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 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 2025 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 resources, 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(f) 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 for which it was incurred. 1 (g) Allocation of Support Costs and Overheads Support costs and overheads have been allocated to Govemance 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 2025 NOTES TO THE ACCOUNTS 1. Accounting Policies - Continued 1 (1) Investment Fixed Assets Investment fixed assets are shown at market value as at the balance 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 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 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 2025 NOTES TO THE ACCOUNTS 2. Analysis of Voluntary Income There is no voluntsry income for the year ended 31 March 2025 (2024= Nil). 3. Gross Investment Income 2025 Total Funds 2024 Total Funds Gross income earned from: Fixed asset equity and similar investments Fixed asset cash on deposit Current asset investments Other 4,567 3,974 Total 4. Incoming Resources from Charitable Activities There is no income from charitable activities for the Fund for the year ended 31 March 2025 {2024: Nil) 11
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2025 NOTES TO THE ACCOUNTS 5. Allocation of Support Costs and Overheads 2025 Total Funds 2024 Total Funds Allocated to Governance Charitable Activities Financial Administration Admin charge 700 388 700 388 800 380 Total 1,180 6. Analysis of Charitable Expenditure Grant Funded Activity 2024 Total Funds 2025 Total Support Costs Staff education and welfare 3,754 3,754 1,022 Total 1,022 12
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2025 NOTES TO THE ACCOUNTS 7. Analysis of Grants The fund has had no grants in year ended 31 March 2025 (2024.. Nil} 8. Transfers Between Funds The Fund has made no transfers beeen restricted funds, unrestricted funds or endowment funds in the year ended 31 March 2025 (2024.. Nil} 9. Analysis of Staff Costs: The Fund has no employees in the year ended 31 March 2025 (2024: Nil) 10. Accountant's Remuneration The accountant's remuneration of £700 {2024'. £800) related to the preparation of the Financial Statements, the completion of the Annual Monitoring Retum to the Charity Commission. 13
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2025 NOTES TO THE ACCOUNTS 11. Total Tangible Fed Assets There are no red assets held by the Fund in year.12024.. Nil) 12. Analysls of F¢xed Asset Investments 12.1 Investrnents in a Cornrnon Investment Fund 2025 2024 Market value at 1 April 2024 Net cash inflowlloufflowl Share of in¢ome Share of reallsed gain{lO$se$l sha of UnalIsed gainslllossesl Market value at 31 March 2025 236,122 14,8411 4,567 21,024 19.015 206,900 12.2021 3,974 2.435 12.2 Marketvalue as at 31 klarch 202S Held Hdd Outside UK UK 2025 2024 Investment propert$ Investments15sted on Stock Exchange Investments in CIF InvestTnent5 in a Cornrnon Deposit Fund or Invesimenl Fun unlis securities Cash held as part of the investment portfolS0 Investments in conneGted bodies Other investments 237,857 237.857 236,122 Total Market Value of Fed Asset Investments 14
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2025 NOTES TO THE ACCOUNTS 13. Analysis of Debtors There are no debtors for the year ended 31 March 2025 (2024:Nil) 14. Analysis of Creditors 14.1. Amounts falling due within one year 2025 2024 Other creditors Total 700 700 800 800 14.2. Amounts falling due after more than one year There were no creditors due after more than one year. (2024:NIL) 15
PUBLIC HEALTH MEDICINE EDUCATION TRUST FUND Accounts for the Year Ended March 2025 NOTES TO THE ACCOUNTS 15. Analysis of Charitable Funds Balance at 1 Aprll 2024 Funds at 31 March Incomlng Resources Resourc05 Expended Galns and Losses 2025 Endowmentfunds Total Reslricted funds total Unrestricted and material designated funds Total 235.422 4,567 {4.842} 2.009 237,157 235 422 237 157 16. Contingoncies The Fund has no contingencies at the year ended 31 March 2025 {2024.. Nil) 17. Commitments The Fund has no commitments at the year ended 31 March 202512024.. Nil) 18. Flnan¢ial Guarantees The fund has not given any financial guarantees as at 31 March 202512024.. Nill. 19. Rolated Party Transactions During the year none of the Tnjstees or parties related to them have undertaken any material transactions with the Public Health Medicine Education Trust Fund. 16