Accounts for April 2019 – March 2021 (two financial years)
FAQs for 2019-20 and 2020-21 NEL LPC Accounts
Profit and Loss Account Section
Q – What were the grants for?
A – £28,050 in 2021 was for the Tower Hamlets Cancer Project
A – £2,784 in 2020 was the refund for the RPS event that was cancelled (the costs can be seen in the 2020 expenditure under RPS)
Q – How many staff were present in these financial years
A – These accounts relate to 4 employees
Q – What do the payments to Pharmacy Integration Lead and Pharmacy Support relate to?
These payments relate to the LPC Operations Team
Q- Why is Training and Meeting expenses so high in 2020?
A – This related to a project the LPC was co-ordinating which required a pharmacist and HCA to be released for training. The LPC funded the backfill from a £65,700 project grant which was paid to the LPC in our 2021/22 accounts
Q – Why was there a payment to the RPS in 2020?
A – This was for a training event that was cancelled due to Covid-19. The LPC received a refund in our 2021 accounts (see above)
Q – What is the investment of £192,151 in the two years
A – This is the cash figure invested by the LPC in stocks and shares. This was liquidated for £291,517.25 in the 2021/22 and will be accounted for there along with appropriate interest and tax liabilities
Q – What is the £50,000 loan?
A – The LPC applied for a bounce back loan. This has now been repaid in July 2021
Q – What is the “other creditors” line of £9,049
A – This is a carry over from the 2018/19 accounts. We are addressing this in our 2021/22 accounts as we feel it is no longer a liability and therefore can be written off