| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2025 |
| for |
| Pulvertaft Hand Charity |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2025 |
| for |
| Pulvertaft Hand Charity |
| Pulvertaft Hand Charity |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2025 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 | to | 9 |
| Pulvertaft Hand Charity (Registered number: 04351567) |
| Report of the Trustees |
| for the Year Ended 31 July 2025 |
| The trustees are pleased to present their annual directors' report together with the consolidated financial statements of the charity for the year ending 31 July 2025 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. |
| The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| The object of the Charity is that of promoting and developing for the benefit of the public research into and educating about the causes and treatment of upper limb disabilities and illnesses. |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| Aside from the provision of courses there were no other charitable activities during the year. |
| Fundraising activities |
| The Pulvertaft Hand Centre has continued to be very active in the year under review, running courses. |
| The income from the courses covers the cost of running such courses and also pays for various items of clinical equipment, staff training, general office equipment etc. |
| The main beneficiary is the research that is conducted within the department; the trust funds support research registrar and research therapy sessions as well as a certain amount of secretarial support during the financial year. It also supports the presentation of research findings at National and International scientific conferences. |
| FINANCIAL REVIEW |
| Principal funding sources |
| The Charity is not in receipt of any grant or funding from outside sources, all income is from the activities of course provision. |
| Reserves policy |
| The funds of the Charity are administrated and applied by the trustees to effectively meet the objectives of the Charity, adhering where appropriate to any restrictions placed on specific funds. Funds are retained to ensure that the Charity can continue to meet its objectives. The balance of funds available at 31 July 2025 was £214,778 (2024: £156,335). |
| Detail of operating costs |
| Included in Sundries are the following costs: |
| Website and computer costs | £8,039 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
| The Charity is constituted as a company limited by guarantee, and is therefore governed by a memorandum and articles of association dated 11 January 2002. All directors of the company are also trustees of the charity for Charities Act purposes and there are no other trustees. The board has the power to appoint additional trustees as it considers fit to do so. The trustees hold regular meetings to monitor the progress of the charity. |
| Recruitment and appointment of new trustees |
| The Trustees are elected and appointed at the Charity's Annual General Meeting and also as vacancies arise. The trustees have no financial interest in the company. Induction of the appointee was based upon the expertise of each candidate. |
| Organisational structure |
| The affairs of the Charity are governed by the board of the charity, which has established rules for the management and control of the charity's funds. Day to day management of the affairs of the charity is delegated to the officers, and to particular individuals who are responsible for specific aspects of the charity's operations. |
| The trustees of the company constitute directors for Companies Act purposes. There are no other trustees. Those who have held office as trustee in the period under review except where otherwise indicated are shown on page 2 of this report. |
| Related parties |
| There were no changes in the Charity Trustee's during this accountancy period |
| Pulvertaft Hand Charity (Registered number: 04351567) |
| Report of the Trustees |
| for the Year Ended 31 July 2025 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| During the year under review the trustees were: |
| C Heras-Palou | Consultant Hand Surgeon |
| P G Russell | Consultant Hand Surgeon |
| Miss T C Horton | Consultant Hand Surgeon |
| R C Ward | Independent Trustee |
| A Selby | Research Manager |
| T R Cresswell | Consultant Hand Surgeon |
| K Brown | Consultant Hand Surgeon |
| Independent Examiner |
| Mrs K F Shapcott FCA |
| M. J. Shapcott & Co. Limited |
| Chartered Accountants |
| Charter House, Wyvern Court |
| Stanier Way |
| Derby |
| DE21 6BF |
| Bankers |
| The Cooperative Bank plc |
| 1 Balloon Street |
| Manchester |
| M60 4EP |
| Natwest Group |
| 36 St Andrew Square |
| Edinburgh |
| EH2 2YB |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Pulvertaft Hand Charity |
| Independent examiner's report to the trustees of Pulvertaft Hand Charity ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2025. |
| Responsibilities and basis of report |
| As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
| Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
| Independent examiner's statement |
| I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
| 1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
| 2. | the accounts do not accord with those records; or |
| 3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
| 4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
| I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
| Mrs K F Shapcott FCA |
| M. J. Shapcott & Co. Limited |
| Chartered Accountants |
| Charter House, Wyvern Court |
| Stanier Way |
| Derby |
| DE21 6BF |
| 23 February 2026 |
| Pulvertaft Hand Charity |
| Statement of Financial Activities |
| (Incorporating an Income and Expenditure Account) |
| for the Year Ended 31 July 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 156,335 |
| Pulvertaft Hand Charity (Registered number: 04351567) |
| Balance Sheet |
| 31 July 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank and in hand |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| ACCRUALS AND DEFERRED INCOME | 6 | ( |
) | ( |
) |
| NET ASSETS |
| FUNDS | 7 |
| Unrestricted funds | 156,335 |
| TOTAL FUNDS | 156,335 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006. |
| The trustees acknowledge their responsibilities for |
| (a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
| These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
| The financial statements were approved by the Board of Trustees and authorised for issue on |
| Pulvertaft Hand Charity |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2025 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', 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 presentation currency of the financial statements is the Pound Sterling (£). |
| Income |
| Donations, legacies and similar incoming resources |
| These are included in the Statement of Financial Activities (SOFA) when: |
| The charity becomes entitled to the donation, legacy or similar income and any conditions for receipt are met; |
| The trustees are reasonably certain they will receive it; and |
| The trustees are reasonably certain that the value can be reliably measured. |
| Tax reclaims on donations and gifts |
| Incoming resources from tax claims are included on the SOFA as they are received from the Inland Revenue when applicable. |
| Incoming resources from fund raising |
| These are reported gross in the SOFA. |
| Gifts in kind for sale or distribution |
| These are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount received. |
| Gifts in kind for use by the charity |
| These are included in the SOFA as incoming resources when receivable. |
| Intangible income (eg donated facilities) |
| This is only included in incoming resources (with an equivalent amount in resources expended) where another party is bearing the financial cost of the resources supplied and the benefit is quantifiable, receivable and material. Intangible income is valued at the lower of cost borne by the party bearing the cost and a reasonable estimate of the value of the donation to the charity. |
| Volunteer help |
| The value of any volunteer help received is not included in the accounts. |
| Investment income |
| This and any associated tax credit is included in the accounts when receivable. |
| Expenditure |
| Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| Fund accounting |
| Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
| Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
| Pulvertaft Hand Charity |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 1. | ACCOUNTING POLICIES - continued |
| Fund accounting |
| Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
| 2. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024. |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Charitable activities |
| Total |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 156,335 |
| 4. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| Pulvertaft Hand Charity |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 6. | ACCRUALS AND DEFERRED INCOME |
| 2025 | 2024 |
| £ | £ |
| Accruals and deferred income | 7,079 | 14,322 |
| 7. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.8.24 | in funds | 31.7.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 156,335 | 58,443 | 214,778 |
| TOTAL FUNDS | 58,443 | 214,778 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 138,954 | (80,511 | ) | 58,443 |
| TOTAL FUNDS | ( |
) | 58,443 |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.8.23 | in funds | 31.7.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 150,336 | 5,999 | 156,335 |
| TOTAL FUNDS | 150,336 | 5,999 | 156,335 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 117,159 | (111,160 | ) | 5,999 |
| TOTAL FUNDS | 117,159 | (111,160 | ) | 5,999 |
| Pulvertaft Hand Charity |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2025 |
| 7. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.8.23 | in funds | 31.7.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 150,336 | 64,442 | 214,778 |
| TOTAL FUNDS | 150,336 | 64,442 | 214,778 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 256,113 | (191,671 | ) | 64,442 |
| TOTAL FUNDS | 256,113 | (191,671 | ) | 64,442 |
| 8. | RELATED PARTY DISCLOSURES |
| 9. | CAPITAL GUARANTEE |
| Each member has undertaken to contribute to the assets of the company in the event of the same being wound up, such amount as may be required not exceeding £10. |
| 10. | INDEPENDENT EXAMINERS REMUNERATION |
| Fees payable to the Charity's independent examiner for the independent examination: £499.20. |
| Fees payable to the Charity's independent examiner for accountancy and other services: £1,236.00 |