Worcs Healthcare Education Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03885017 (England and Wales)

Financial Statements for the Year Ended 31st March 2021

for

The Worcestershire Healthcare Education

Company Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J Black

Mr A G Duncan

Prof M J Kendall

Dr J M Mather

Dr N Hudson

Mr S Lake

Dr S King

Mr J A Yelland

Sir D Nicholson

Dr C Goldsmith

Mr R Dudley

SECRETARY:

P J Morris

REGISTERED OFFICE:

The Charles Hastings Education Centre

Charles Hastings Way

Worcester

Worcestershire

WR5 1DD

REGISTERED NUMBER:

03885017 (England and Wales)

AUDITORS:

The Richards Sandy Partnership Ltd

(Statutory Auditor)

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

CURRENT ASSETS

Debtors

2,204

109,642

Cash at bank

294,934

54,865

297,138

164,507

CREDITORS

Amounts falling due within one year

297,137

164,506

NET CURRENT ASSETS

1

1

TOTAL ASSETS LESS CURRENT LIABILITIES

1

1

CAPITAL AND RESERVES

Called up share capital

4

1

1

SHAREHOLDERS' FUNDS

1

1

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th October 2021 and were signed on its behalf by:

Mr J Black - Director

1.	STATUTORY INFORMATION

The Worcestershire Healthcare Education Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

RELATED PARTY EXEMPTION

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

GOING CONCERN

In preparing these financial statements, the directors have considered whether the going concern basis of preparation remains appropriate. To make this assessment the directors have considered the current financial position of the company and anticipated future cashflows for a period of at least 12 months from the signing of these financial statements.

The company is reliant on the parent charitable company The Charles Hastings Eduction Centre not requiring immediate cash settlement of amounts due to them until there is sufficient cash generated from operations to make such payments. However the directors acknowledge that this support is not legally binding and that the parent charitable company could technically call in the debt at any time, and whilst it is considered unlikely that they should ever do so, if the parent charity did elect to do so the company would then not be able to continue as a going concern.

TURNOVER

Turnover from the supply of both rental and non-rental services represents the value of services provided to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

LEASING

Rentals paid or received under operating leases are charged/ credited to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary

£1

1

1

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Iestyn Richards FCA CTA FCCA (Senior Statutory Auditor)

for and on behalf of The Richards Sandy Partnership Ltd

6.	RELATED PARTY DISCLOSURES

A trustee of The Worcestershire Healthcare Education Company is also Chairman of the Worcester Acute Hospitals Trust. During the year letting income of £305,732 (2020: £294,788) was received from the Worcester Acute Hospitals Trust for rental of the Charles Hastings Education Centre. A further £20,000 (2020: £20,000) was received in relation to room hire. As at 31 March 2021 there was a balance of £nil (2020: £nil) owing to the company from Worcester Acute Hospitals Trust.

7.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is The Charles Hastings EductionCentre.

The registered office of The Charles Hastings Eduction Centre is The Charles Hastings Education Centre

Charles Hastings Way, Worcester, Worcestershire, WR5 1DD.