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TORBAY MEDICAL RESEARCH FUND

Registered charity 261932 · accounts filings on the Charity Commission register · also known as THE SPECIAL MEDICAL PROJECTS AND RESEARCH FUND, THE SPECIAL MEDICAL PROJECTS AND RESEARCH TRUST

The preservation and protection of health and the relief of sickness by the furtherance of medical, dental, health and care research projects directed to that end by members of the medical, dental, health and care professions practicing under the auspices of the Torbay and South Devon medical, dental, health and care community, and the publication of the results of all such research.

Causes: The Advancement Of Health Or Saving Of Lives · website · Get email alerts

Latest income
£66k
Latest spending
£85k
Registered
1971
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £1,325,108, an increase from the previous year's £1,231,804. The charity reported net current liabilities of £563,622 but notes it can liquidate investments at short notice to meet commitments. The trustees confirmed adequate resources for going concern purposes.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Investment income (100% of income)
“The income of the charity for the year comprised investment income of £65,594” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: retain free reserves to ensure money will be available in the immediate future to meet the annual administration costs and committed grant expenditure (held: £1.3m)
“The trustees have a stated policy of retaining free reserves to ensure money will be available in the immediate future to meet the annual administration costs and committed grant expenditure.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Honorariums of £7,200 paid to Francis Clark, a firm where trustee Mrs S Austen is a partner.
“Honorariums amounting to £7,200 per annum (2023: £7,200) in respect of the services of treasurer are paid to Francis Clark, Chartered Accountants. Mrs S Austen, a trustee, is a partner at Francis Clark.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Honorariums paid to Francis Clark, a firm where trustee Mrs S Austen is a partner.
“Honorariums amounting to £7,200 per annum (2023: £7,200) in respect of the services of treasurer are paid to Francis Clark, Chartered Accountants. Mrs S Austen, a trustee, is a partner at Francis Clark.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Torbay

Income and spending

Financial year endIncomeSpending
31/12/2024£66k£85k
31/12/2023£76k£100k
31/12/2022£57k£772k
31/12/2021£57k£772k
31/12/2020£55k£161k

Common questions

Is TORBAY MEDICAL RESEARCH FUND financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,325,108, an increase from the previous year's £1,231,804. The charity reported net current liabilities of £563,622 but notes it can liquidate investments at short notice to meet commitments. The trustees confirmed adequate resources for going concern purposes. Its FY2024 accounts were independently examined.