2023-03-31-accounts - The Liverpool Women's NHS Foundation Charitable Trust

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ESIGNATED FUNDS A list ofdesignate	ESIGNATED FUNDS A list ofdesignate	ESIGNATED FUNDS A list ofdesignate	d funds held during 2022—	d funds held during 2022—	2023
Women's General Purpose			Community midwifery
Fundraising			Miscarriage Fund
Kings Fund			Medical Education	Fund
Bereavement/Honeysuckle			MRCOG
Arts for Health			Cancer Research	Fund
Anaesthetic	Fund		Staff Welfare Fund
Reproductive	Medicine	Unit Fund	Liverpool Fetal Fund
Gynae Oncology Nurses		Fund	Neonatal
Twin Birth			Training and Development
Maternity			Assisted Conception		Fund
			Cytogenetics Fund

						Unrestricted	Restricted	Total	Total
						Funds	Funds	Funds	Funds
				Note		2023	2023	2023	2022
						6000	6000	6000	6000
Incoming resources:
Income and endowments		from:
Donations and legacies						290		290	226
Other trading activities						53		53	33
Investments					13	21		21	20
Other income						0		0	0
Total incoming resources						364		364	279
Resources expended:
Expenditure on:
Raising funds						184		184	124
Charitable activities						224		224	112
Total resources expended						408	0	408	236
Net expenditure before investment gains/(losses)						(44)	0	(44)	43
Net (loss) / gain on investments			-unrealised		12	(90)	0	(90)	(52)
Net gains on investments		—realised				10	0	10	67
Net (expenditure)/income						(124)	0	(124)	58
Net movement in funds						(124)	0	(124)	58
Reconcigation ofFunds:
Fund balances brought	forward		1a April			562	0	562	504
Fund balances carried	forward		31n March			438		438	562

Balance	Sheet as	at 31st March 2023
				Unrestricted Funds	Total Funds	Total Funds
			Note	2023	2023	2022
				6000	6000	9000
Fixed assets:
Investments			12	814	814	912
Total fixed assets				814	814	912
Current assets:
Debtors			14
Cash at bank	and in hand		15
Total current	assets			14	14
Liabilities:
Creditors and	commitments	falling due within one year	16	(248)	(248)	«36)
Creditors and	commitments	due greater than one year		«42)	142	225
Total current	liabilities			(390)	390	361)
Net current assets/(liabilities)				(376)	(376)	(350)
Total assets	less current	liabilities		438	438	562
The funds of	the charity:
Unrestricted funds			17	436	438	562
Total charity	funds			438	438	562

Statem	ent ofCash	Flo	ws	for	th	e year ended	31st March 2023
								Total	Total
								Funds	Funds
							Note	2023	2022
								f000	8000
Cash flows from operating		activities:
Net cash	provided by operating		activities				18	(115)	(25)
Cash flows from investing		activities:
Dividends	and interest from	investments						21	20
Proceeds	from sale of investments							371	194
Purchase	of investments						12	(283)	(174)
Net cash	provided by/(used	in)	Investing		activities			109	40
Change in	cash and cash equivalents			in
the reporting period								(8)	15
Cash and	cash equivalents	at the beginning				of
the reporting period								28	13
Total cash and cash equivalents			at the end			of
the reporting period							19	22	28

Notes to the accounts
1. Accounting Pogcies
1.1.Legal Status
The Liverpool Women's NHS Foundation Charitable Trust	is an unincorporated charity registered with the charity commission.					The		address		is
Crown Street, Liverpool, LS7SS.
1.2.Basta ofpreparation
The financial statements have been prepared under the historic cost convention, with the exception of		investments which		are		included			at	fair
value. The financial statements have been prepared in accordance with the Statement of Recommended			Practice: Accounting				and	Reporting
by Charities prepariing their accounts in accordance with (FRS102)issued on July 2014, and the Financial Reporting	the Financial Reporting Standard applicable in the UK and Republic of Ireland Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and
the Charities Act 201I and UK Generally Accepted Practice	as it applies from 1 January 2019.
The Trustee considers that there are no material uncertainties about the Chai'ity's ability to continue as a			going concern. There			are no material
uncertainties affecting the current years accounts. The Charity has recently reviewed its Investment			policy thoroughly	with			its Investment
advisors Investec Wealth and Management and will continue to monitor and react accordingly to the changes in the financial was a net decrease in the closing fund balance in 2022/23 off124 from f562k at 1stApril 2022 to 2438k st 31st March 2023.						markets.			There
The Charity constitutes a public benefit entity as defined by FRS 102.The financial statements are prepared in sterling which					is		the functional
currency ofthe entity.
1.3.Funds structure
Unrestricted funds comprise those funds which the Trustee is free to use for any purpose in furtherance			of the charitable	objects.				Restriicted
funds comprise those funds where the donor has provided	for the donation to be spent in furlherance of	a specified charitable			purpose.
The funds held are disclosed in note 17.
1.4.Incoming resources
Ag incoming resources are recognised ance the Charity has entitlement to the resources, it is probable that the resources				will	be received and
the monetary value of incoming resources can be measured	with sufficient reliability
Where there are terms or conditions attached to incoming	resources, particularly grants, then these terms or conditions			must			be	met	before
the income is recognised as the entitlement condition will	not be satisfied until that point. Where terms or conditions have				not been				met	or
uncertainty exists as to whether they can be met then the relevant income is not recognised in the		year but deferred		and			shown		on	the
balance sheet as deferred income.
1.5.Incoming resources from legacies
Legacies are accounted for as incoming resources either	upon receipt or where the receipt of the legacy is probable.			Receipt is probable
when:
Confirmation has been received from the representatives	ofthe estate that probate has been granted
The executors have established that there are sufficient	assets in the estate to pay the legacy, and
All conditions attached to the legacy have been fulfilled	orare within the charity's control
Ifthere is uncertainty as to the amount of the legacy and it	cannot be reliably estimated then the legacy	is shown as a contingent					asset		until	ag
ofthe conditions for income recognition are met.
1.6.Resources expended and irrecoverable VAT
Ag expenditure ls accounted for on an sccruals basis and has been classified under headings that aggregate ag costs relating					to		each category
ofexpense shown in the Statement of Financial Activities	Expenditure is recognised when the following		criteria are met:
There is a present legal or constructive obligation resulting from a past event
It is more likely than not that a transfer ofbenefits (usuagy a cash benefit) will be required in settlement
The amount ofthe obligation can be measured or estimated reliably

Fund								Purpose
The Women's	Hospital		General			Purpose	Fund	Any chantable purpose(s) relating to the NHS wholly Hospital	or mainly	for the	Liverpool		Women' s
Liverpool Women's		Cancer			Charity			To further the advancement of scientific and medical related to cancer research.	education	and	research		into topics
Community Midwifery								Promoting the efficient performance of their duties by TrusL	the midwives of the NHS			Foundation
Reproductive	Medicine			Fund				To further tha advancement of scientific and medical related to infertility, miscarriage and menopause.	education	and	research		into topics
Medical Education		Fund						To further the advancement of scientific and medical related to the field ofobstetdics and gynaecology.	education	and	research		into topics
Fetal Centre	Research		and		Development			The investigation into causes ofsickness in the unborn cure and defeat ofthis sickness.	child and	the prevention,			treatment,
								The investigation into the causes of sickness in the	newborn	child	and the	prevention,
NeonatalFund								treatment, cure and defeat of this sickness and to further the cause of premature newborn babies at the NHS Foundation Trust and to further the advancement of scientific and
								medical education and research into topics related to sickness in		the newborn child.
Other Funds:
Women's Hospital		Staff		Welfare		Fund		For the relief ofsickness by promoting the efficient performance oftheir the Liverpool Women's Hospital.			duties by		the staff of
								To further the advancement of scientific and medical	education	and	research		into topics
Training and	Development				Fund			relating to pregnancy and problems associated with giving		birth	and gynaecological
								problems.
Women's Assisted		Conception				Fund		To further the advancement ofscientific and medical education into topics related in women.					to infertility
Cytogenetics	Fund							To further the advancement of scientific and medical related to cytogenetics	education	and	research		into topics

4.Analysis ofInco	me
				2023	2023	2023	2022
				Unrestricted	Restdicted	Total	Total
				Funds	Funds	Funds	Funds
				6000	6000	6000	6000
Donations and legacies;
Donations and gifts				285		285	204
Legacies				5		5	22
Total donations and legacies				290	0	290	226
Other trading activities:
Stall income				34		34	25
Fundraising events				19		19	8
Total other trading	activities			53		53	33
Income from investments:
Dividend income				21		21	20
Total income from	investments			21	0	21	20
Other income:
Total other income					0	0
Total Income				364	0	364	279
AO income in the current and		prior year was unresiricted.
5.Donated Goods
				2023	2023	2023	2022
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				6000	6000	f000	6000
Included within other trading			activities:
Sale ofdonated items				34		34	25
Total stall income	included	within other
trading activities				34		34	25

7.1 Support 8 Governance	7.1 Support 8 Governance	Costs
					2023	2023	2023	2022
					Unrestricted	Restricted	Total	Total
					Funds	Funds	Funds	Funds
					5000	8000	6000	5000
Support Women's	Costs: Financial Services NHS Foundation Trust	provided	by	Liverpool	19		19	19
Governance Costs: Independent		Examination		Fees
Total					21	0	21	21

7.2 Apportionment	7.2 Apportionment	ofSupport &Governance	ofSupport &Governance	ofSupport &Governance	ofSupport &Governance	ofSupport &Governance	Costs across Charitable	Activities
							2023	2023			2023	2023	2022
							Patient welfare	Staffwelfare		Equipment and Research		Total	Total
							FOOO	6000			5000	5000	5000
Support Costs: Financial Liverpool Women's NHS			Services provided Foundation Trust			by	10					19	19
Governance	Costs: Independent				Examination
Fees
Total									10			21	21
7.3Analysis	ofexpenditure
							2023	2023			2023	2023	2022
							Unrestricted	Unrestricted		Restricted		Total	Total
							Funds	Funds		Funds
								Support	&
								Governance
								Costs
							6000	f000			8000	f000	6000
Expenditure	on raising		funds:
Staging fundraising		events					56					56	13
Fundraising	team	costs					120					120	102
Investment	management		costs				8					8	9
Total expenditure		on raising funds					184					184	124
Expenditure	on charitable			activities:
Patient welfare							90		11			101	66
Staff welfare							94		9			103	45
Equipment							20		0			20	1
Research							0		0			0	0
Total expenditure		on charitable			activities		204		20		0	224	112
Total Expenditure							388		20		0	408	236

8.Independent examination	8.Independent examination	and audit fees
Fees for examination	ofthe	accounts:
Independent examiner's	fees
Total fees

Please refer to the Trustee's Annual	Please refer to the Trustee's Annual	report to the Account for additional	activities performed	the year to
31stMarch 2023.
11.Transfers between funds
There were no transfers between	funds during 2022/23 (2021/22:fnil).
12.Fixed asset investments
			2023	2022
Movement in fixed asset investment			Total	Total
			f000	8000
Market Value brought forward			892	897
Add: additions to investment at cost			283	174
Less: disposals at carrying value			(282)	(127)
Add: net (loss) / gain on revaluation		-unrealised	(90)	(52)
Market Value as at 31 March			803	892
Cash held as part of investment	ponfolio			20
Total investment value as at 31 March			814	912
Historic Cost as at 31 March			729	708

					2023	2022
Fixed asset Investments		by type			Total	Total
					8000	f000
Investments lisled	on a recognised		Stock
Exchange:
UK Equities					183	315
European equities					64	37
North Amedican	equities				184	201
Japanese equities					14	15
Fsr East and Australasian		equities			16	26
Emerging economies					33	18
International equities					29	14
Properly					43	50
Alternative Assets					72	70
Other investments:
UK fixed interest					92	123
Overseas Fixed	Interest				73	23
Cash held as part	ofthe investment		portfolio		11	20
Total fixed asset	investments				814	912
13.Total gross income from investments				and cash on deposit
					2023	2022
					Total	Total
					6000	FOOO
Investments lisled	on a recognised		Stock Exchange:
UK Equities					11	14
European equities					3	0
Overseas and emerging		equities			2	3
Other investments:
UK fixed interest
UK Property
Alternative Assets
Total					21	20

			2023	2022
			Total	Total
			6000	6000
Debtors under one year
Investment income	receivable
Total
15.Analysis ofcash		and deposits
			2023	2022
			Total	Total
			6000	6000
Shorl term investments		and deposits	1
Cash at bank and	in hand		10
Total

16.Analy	s	is of liabilities	end com	mitments
					2023	2022
					Total	Total
					8000	5000
Creditors		&commitments	under	one year
Amounts	due to Liverpool		Women's	NHS
Foundation		Trust			47	96
Commitments					201	38
Other accruals					0	2
Total					248	136
					2023	2022
					Total	Total
					6000	8000
Creditors		&commitments	over one year
Commitments					142	225
Total					142	225

												2023	2022
												Total	Total
												8000	8000
Balance	at the start ofthe		reporting		period							263	252
Amounts	added in current		period									275	95
Amounts	charged against		commitments			in the	current period					(194)	(84)
Unused	amounts reversed		during		the period							(1)	0
Balance	at the snd ofthe	reporting		period								343	263
17.Unrestricted funds
							Funds brought		Incoming		Resources	Loss on	Funds carried
Analysis ofunrestricted designated funds			and material				forward at 01-Apr-22		resources		expended	investments	forward at 31-Mar-23
								8000		f000	6000	6000	FOOO
General	Purpose							200		228	(208)	(40)	180
Liverpool	Women's Cancer Charity							65		4	(18)	(7)	44
Community Midwifery								31		11	(11)	(4)	27
Reproductive Medicine		Fund						10		0	(2)	(1)	7
Medical	Education							42		0	(10)	(4)	28
Fetal Centre Research		&	Development			Fund		32		5	(16)	(3)	18
Neonatal	Fund							155		81	(114)	(17)	105
Other Funds								27		35	(29)	(4)	29
Total								562		364	(408)	(80)	438

									Funds brought	Incoming	Incoming	Resources	Gain on	Funds carried
Analysis ofunrestricted designated funds					and material				forward at 01-Apr-21	resources		expended	investments	forward at 31-Mar-22
									6000		6000	6000	6000	6000
General Purpose									140		130	(75)		200
Liverpool	Women's	Cancer Charity							74		10	(21)		65
Community Midwifery									34		7	(11)		31
Reproductive Medicine Fund									2		3	5		10
Medical Education									51		2	(12)		42
Fetal Centre Research				&	Development			Fund	50		7	(26)		32
Neonatal	Fund								122		97	(68)		155
Other Funds									31		23	(28)		27
Total									504		279	(236)	15	562
The purposes ofthe		funds			are given		in	note 3.
18.Reconciliation		ofnet			movement			in funds to net cash flow from		operating	activities
													2023	2022
													Total	Total
													6000	6000
Net movement in funds													(124)	43
Adjustments for:
Dividends	and interest		on		investments								(20)	(20)
(Increase)	/ decrease		in	debtors									0	1
Increase /	(decrease)		in	creditors									29	(49)
Total													(115)	(25)
19.Analysis ofcash			and		cash equivalents
													2023	2022
													Total	Total
													6000	6000
Cash and	deposits:
Short term	investments		and deposits										10
Cashin hand													1
													21	8
Cash held	as part ofthe			investment		porffclic							11	20
													22	28
20.Net Debt
2022/23:												At 1 April 2022	Cashflows	At 31 March 2023
												6000	6000	6000
Cash and	deposits											28	(6)	22
Loans due	within one		year									(96)	49	(47)
Total												(68)	43	(25)
2021/22:												At 1 April 2021	Cashflows	At 31 March 2022
												6000	6000	6000
Cash and	deposits											13	15	28
Loans due	within one		year									(156)	60	(96)
Total												(143)	75	(68)

						Unrestricted	Restricted	Total	Total
				Note		Funds	Funds	Funds	Funds
						2022	2022	2022	2021
						6000	6000	5000	5000
Incoming resources:
Income and endowments	from:
Donations and legacies						226		226	328
Other trading activities						33		33	5
Investments					13	20		20	19
Other income						0		0	0
Total incoming resources						279		279	352
Resources expended;
Expenditure on:
Raising funds						124		124	118
Charitable activities						112		112	229
Total resources expended						236		236	347
Net expenditure before	investment		gains			43		43
Net (loss) / gain on investments		—unrealised			12	(52)		(52)	141
Net gains on investments	-realised					67		67	19
Net (expenditure)/income						58		58	165
Net movement in funds						58		58	165
Reconciliation ofFunds;
Fund balances brought forward		1e April				504		504	339
Fund balances carried forward		31e	March			562		562	504