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2022-03-31-accounts

Funds Held on Trust Trustees Annual Report 2021-22

Introduction

This is the Annual Report of the Milton Keynes Hospital Charity (Milton Keynes Hospital NHS Foundation Trust Charity). Administrative details regarding the management of the charity are outlined below.

Charity Name Milton Keynes Hospital NHS Foundation Trust Charity (working name Milton Keynes Hospital Charity)

Governing Document/Constitution Statutory Instrument No. 2372, establishing the Trust from 1[st] April 1992 Charity Registration Number 1048297

The Charity has a corporate trustee: Milton Keynes University Hospital NHS Foundation Trust (The Trust). The directors of the Trust who served during the financial year were as follows:

Alison Davis (Chair) Professor Joe Harrison (Chief Executive) Andrew Blakeman John Blakesley Nicola Burns-Muir Jacqueline Collier Haider Husain Dr Luke James Kate Jarman Emma Livesley Nicky McLeod (resigned January 2022) Danielle Petch Dr Ian Reckless Helen Smart Professor James Tooley Heidi Travis Terry Whittle Address of Registered Office Milton Keynes University Hospital NHS Foundation Trust Standing Way, Eaglestone Milton Keynes MK6 5LD Name and Address of Bankers Royal Bank of Scotland 402 Lower Twelfth StreetCentral Milton Keynes MK9 3LF Steve Robinson Name and Address of Mercer & Hole LLP Chartered Accountant Independent Examiners Silbury Court, 420 Silbury BoulevardCentral Milton Keynes MK9 2AF Name and Address of Solicitors Foinette Quinn 123-131 Queensway, Bletchley Milton Keynes MK2 2DH

Name and Address of Bankers

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Charity Annual Report and Accounts For the year ended 31 March 2022

Charity Objectives and Organisation

Milton Keynes Hospital Charity is your local NHS charity, and we work alongside Milton Keynes University Hospital (MKUH) to enhance the care and wellbeing of patients, their families and the staff who care for them – we want everyone at MKUH to have the best experience possible.

This year, we received donations from patients who want to say thank you; from committed and enthusiastic fundraisers; many local companies; trusts and foundations and from families who give in memory of a loved one.

COVID-19 continued to dominate in the first quarter of the year and we were still overwhelmed by the generosity of our local community who went above and beyond to support their local hospital.

Milton Keynes Hospital Charity is a small and ambitious charity, and we want to work with our local community to engage them as supporters for our hospital, to help them to fundraise for us and to work with them as partners helping to transform our patient experience.

This report introduces you to some of our work, and if you would like to find out more or get involved in some way, then please get in touch, or visit our website www.mkhcharity.org.uk.

We believe that every patient, visitor and member of staff deserves the highest quality experience, and your support helps make this happen. Donations fund new technology, environmental enhancements, staff development and the extra comforts that make all the difference.

The Milton Keynes Hospital Charity team ensures that your donations, time, and commitment are targeted to areas of high need to help MKUH deliver the very best care to our patients, their families, and carers. We are dedicated to enhancing the quality of care and experience in our hospital, benefiting the 4,500 members of staff and 400,000 patients who are treated at the hospital each year: all thanks to donors and supporters like you.

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Charity Annual Report and Accounts For the year ended 31 March 2022

Review of the year

The team at Milton Keynes Hospital Charity are proud to have supported MKUH as its staff dealt with what was undoubtedly another very challenging year.

Our brief has always been to support patients, their families and the staff who care for them, and it is fair to say this was never more important than in this year.

The range of donations was amazing – volunteering, financial and gifts – from individuals, community organisations, schools, charities and businesses across Milton Keynes and its surrounding areas. We simply would not have been able to achieve all we did without the outpouring of love and generosity from our communities. This was humbling, so let us start this review with a very, very big thank you to everyone who helped in whatever capacity and with whatever amount.

Whilst the pandemic has brought heartache and hardship, it has also brought our charity closer to its community and has shown us how much support there is for us and our mission. We have made firm friends, established new partnerships and boosted our income.

This year has been a year of consolidation and planning. We have taken the time to review our governance procedures and policies and have approved a new three-year strategy – so in times of increasing uncertainty, we remain focussed and continue to deliver, particularly as we look to support MKUH in postCovid recovery.

The charity’s team remains small but we have risen to the challenge, being able to fund some wonderful and impactful projects – state-of-the-art BabyLeo incubators, a Meaningful Activities Facilitator – and raising significant funds, including the team organising our first Golf Day at Woburn Golf Club.

Donations help us fund new technology, environmental enhancements, staff development and the extra comforts that make all the difference to patients.

We have prioritised our internal presence and branding, recognising that more than two thirds of our donors and fundraisers are grateful patients or relatives of patients. From building better relationships with wards and clinical teams, to integrating our communications more with the Trust we are working to reach more patients at that moment when they would like to give something back for their care.

Fundraising appeals and activities

No major appeals were organised during this financial year, with a refocus on building relationships with supporters through our database, recruiting new donors and contacts through our Golf Day as well as taking a more “project based” approach to our funding – looking at funding smaller, tangible projects rather than bigticket items.

We have performed above expectation with grant-making trusts and foundations this year as well, securing funding from the Morrisons Foundation, the Childwick Trust, the B&Q Foundation and the National Lottery Community Fund among others. We continue to work closely with NHS Charities Together, securing a pledge of £88,000 towards staff room refurbishments.

Finally, the team were very pleased to secure a grant of £74,611 from the VCSE Health and Wellbeing Fund towards enhancements in our paediatric respiratory team – helping MKUH meet the increasing numbers of paediatric respiratory admissions and cases from Summer 2021 onwards. With the project planned, funded and delivered within the space of six months, we demonstrated incredible multi-team working, drive and innovation

3

having a positive impact on young patients coming into hospital and their parents by enhancing the tools staff can use to communicate. The project has resulted in MKUH having the lowest rate of readmissions for asthma and wheeze in the BLMK area – which is a superb result for staff, young patients and families.

For the first time the charity has also funded two posts – a Pastoral Support Worker based within the chaplaincy team to offer signposting and light-touch support for patients and visitors, and a Meaningful Activities Facilitator, based within the Quality and Safeguarding team.

The concept for the Meaningful Activities Facilitator came out of Covid-19 and the lack of visiting for patients, resulting in people missing out on emotional support and attention. This affected mobility, engagement and the ability to go back to independent living following admission. The role has ensured greater patient engagement, reduced loneliness and continued mobility, as well as prevented decline and faster recovery - patients are seeing an amazing 50% reduction in time on the ward when supported by the Meaningful Activities Facilitator.

Over the past year, we also continued to support the Milton Keynes Cancer Centre, committed to fundraising and spending funds on – amongst other items – the continued transformation of the cancer centre gardens, chemotherapy chairs and an MDT (Multi-Disciplinary Team) room to enhance the experience and journey of patients and families.

Financial review

The full financial reports and notes are reflected in pages 10 onwards. During 2021-22:

The charity continues to hold a £300k cash investment portfolio with The Bank of Scotland. The investment is held in an Investment Money Market Account with a short call back period.

The charity holds no other assets other than cash resources that are held in the Trust bank accounts.

In keeping with the Charity Commission regulations and general accounting best practices, the financial statements for 2021-22 were reviewed by independent examiners, Mercer & Hole LLP Chartered Accountants.

Governance

The charity does not employ any staff, but Milton Keynes University Hospital NHS Foundation Trust provides accounting and administration services.

The charity has a single corporate trustee, Milton Keynes University Hospital NHS Foundation Trust. The NHS Trust Board, representing the corporate trustee, delegates responsibility to a Charity Committee. This committee meets at least four times a year and the Chair of the Committee reports to the NHS Trust Board, as corporate trustee, following each meeting.

4

Reserves Policy

The Trustee believes that the majority of donations to the charity are given on the understanding that the income will be spent in a timely and responsible manner and reserves should therefore be kept to the minimum possible;

Reserves are required to:

Based on the above, the maximum desired reserves of the charity is equivalent to six months of operating costs, based on current financial forecasts, honouring of existing financial commitments and/or the length of time it would take to recover income levels. This gives us a suggested, target reserves level of £200k.

The Trustee shall review any balances held in excess of the target reserves level and consider longer term investments where funds cannot reasonably spent in the short term. Advice will be sought prior to any such long-term investment.

Our Reserves Policy sets the framework within which the Trustee Board will fulfil its responsibilities.

Charitable Funds Committee

Acting for the corporate trustee, the purpose of the Charitable Funds Committee is to:

GDPR and Regulation

We work hard to meet our responsibilities under the General Data Protection Regulations (GDPR). Our privacy notice is available on our website and explains what supporters and others can expect from us and how we collect and manage information about them.

Any adverse matters relating to GPDR compliance are reported to the Charity Committee and to our regulators as required. There were no such matters to report this year. We are registered with the Fundraising Regulator to demonstrate our commitment to transparency. Our fundraising promise is published on our website and explains what supporters can expect from us, and what to do if they have any concerns

No complaints were received regarding the charity or its fundraising practices in 2021-22.

Future plans

The corporate trustee has recently reviewed the objects of the charity and is confident that at present they are appropriate but will continue to keep them under regular review.

In the first quarter of the 2021-22 financial year, the charity developed a three-year fundraising strategy to

5

support fundraising and mitigate any loss of income post-Covid. As part of this strategy some of our priorities in year two include:

Impact – measuring our success

Everything we do at the charity enhances the hospital experience for patient, visitors and staff, so it is right that these groups of people will be a key measure of how successful a project has been. On a project-by-project basis we will use the most appropriate medium to actively seek their feedback before, during and after the project - whether in written format, conversation, photographs or video.

In addition to user feedback, the success of projects will also be measured by receiving positive answers to the questions; “Does it provide the expected good value for money” and “Was the project completed within the agreed timescales and with the minimum of disruption to the smooth running of the ward or department”. Yes, impact is about the direct benefit to patients, families and staff – but we must also factor in these questions to measure the overall effectiveness, too.

Some of the items we have funded over the past year include:

We’re proud of what we’ve achieved over this past financial year and could not have achieved any of this without the generosity – in time as well as money – of our donors, volunteers, and supporters, so thank you.

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Charity Annual Report and Accounts For the year ended 31 March 2022

Relationships with Other Organisations

As an NHS Charity, the Board of Trustees are the same as the Trust Board at Milton Keynes University Hospital NHS Foundation Trust.

One of our key values and themes for our charity strategy is collaboration, and we are very pleased to have established good relationships with our “charity partners” – organisations working towards improving patient experience too. These include the Friends of Milton Keynes Hospital and Community, Henry Allen Trust, Al’s Pals and Emily’s Star.

Risk Statement

The Trustees have identified that placing short term Money Market Investments with highly rated Banking Institutions minimises any risk of loss. All investments placed are monitored for their performance quarterly and reported through the Charitable Funds Committee.

Remuneration

Neither the Trustees nor any persons connected with them received any remuneration for their work for the charity.

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Charity Annual Report and Accounts For the year ended 31 March 2022

Financial Review

By order of the Trustees

Signed:

Name: Haider Husain

Date: 16[t][h] D e c 2 0 2 2 Trustee

Signed: Date: 16 December 2022 Name: Terry Whittle Trustee

FINANCIAL STATEMENTS for 2021-22

The accounts of the funds held by Milton Keynes University Hospital NHS Foundation Trust Charity

FOREWORD

These financial statements for the year ended 31 March 2022 have been prepared by the Trustees in accordance with Section 132 of the Charities Act 2011 and comply with the Statement of Recommended Practice (SORP), Accounting and Reporting by Charities issued in 2019 by the Charity Commissioner for England and Wales.

The Financial Statements have been prepared under FRS 102.

STATUTORY BACKGROUND

The Trustees have been appointed under s11 of the NHS and Community Care Act 1990.

The Milton Keynes University Hospital NHS Foundation Trust charitable funds held on trust are registered with the Charity Commission and include funds in respect of Milton Keynes University Hospital.

MAIN PURPOSE OF THE FUNDS HELD ON TRUST

The main purpose of the charitable funds held on trust is to apply income for any charitable purpose relating to the NHS wholly or mainly for the services provided by Milton Keynes University Hospital NHS Foundation Trust.

8

Statement of trustees' responsibilities

The Trustees are responsible for:

The Trustees are required under the Charities Act 2011 to prepare accounts for each financial year. The Secretary of State, with the approval of the Treasury, and the Charities Commission direct that these accounts give a true and fair view of the financial position of the funds held on trust, in accordance with the Charities Act 2011. In preparing those accounts, the trustees are required to:

The Financial Statements have been prepared on a going concern basis, as the Trustees believe that the charity is able to discharge its liabilities and commitments as they fall due in the foreseeable future

The Trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing the financial statements. The financial statements set out on pages 10 to 21 below have been compiled from and are in accordance with the financial records maintained by the Trustees. These financial records are open to view by any stakeholders seeking to review such details at the charity’s registered offices listed above.

By Order of the Trustees

Signed: Haider Husain Trustee Date: 16[th] Dec 2022

Signed: Date: 16 December 2022 Terry Whittle Trustee

9

Charity Annual Report and Accounts For the year ended 31 March 2022

Independent Examiner's Report to the Trustees of Milton Keynes University Hospital NHS Foundation Trust Charity

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out on pages 1 to 21.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Steve Robinson FCA Mercer & Hole Chartered Accountants Silbury Court 420 Silbury Boulevard Central Milton Keynes MK9 2AF

19 December 2022

9a

Charity Annual Report and Accounts For the year ended 31 March 2022

Statement of Financial Activities for the year ended 31 March 2022

Fund balances brought forward at
Note
Incoming resources
2
Donations, Legacies and similar resources
Donations
2.1
Legacies
2.1
Grants receivable:
From other NHS bodies
2.1
Other grants receivable
Total Donations and Legacies
Operating Activities
Investment income
2.2
Other incoming resources
2.3
Total incoming resources
Resources expended
Costs of generating funds
4.1
Charitable expenditure
Activities in furtherance of charity's objectives
3.1
Governance Costs
3.2
Total resources expanded
Net (outgoing)/incoming resources before Transfers
Gross transfer between funds
Transfer between restricted and unrestricted funds
Net (outgoing)/incoming resources
Net movement in funds
5
31 March 2021
Fund balances carried
forward at 31 March 2022
Unrestricted
Funds
£000
216
47
0
18
281
0
6
287
(128)
(234)
(29)
(391)
(104)
0
0
(104)
(104)
461		 Restricted
2021-22
Total
Funds
Funds
£000
£000
14
230
0
47
0
0
150
168
164
0
445
0
0
6
164
451
0
(128)
(116)
(350)
(3)
(32)
(119)
(510)
45
(59)
0
0
0
0
45
(59)
45
(59)
0
461
45
402		 Unrestricted
Funds
£000
460
10
0
200
670
0
7
678
(144)
(361)
(35)
(540)
138
0
2
140
140
321
461		 Restricted
2020-21
Total
Funds
Funds
£000
£000
0
460
0
10
0
0
0
200
0
0
670
0
0
7
0
678
0
(145)
0
(361)
0
(35)
0
(540)
0
138
0
0
(2)
0

(2)
138
(2)
138
2
323
0
461
357

Note 2.1 includes £23k of donations in kind which were gifts received by the charity, which were all distributed by the end of the financial year.

Note 3.1 includes the £23k worth of gifts that were distributed by the charity.

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Charity Annual Report and Accounts For the year ended 31 March 2022

Balance Sheet as at 31 March 2022

Notes
Fixed Assets
Investments
6.2
Total Fixed Assets
Current Assets
Debtors
7.1
Cash at bank and in hand
Total Current Assets
Creditors: Amounts falling due
within one year
8.1
Net Current Assets/(Liabilities)
Total Assets less Current Liabilities
Total Net Assets
Funds of the Charity
Income Funds:
Restricted
9.1
Unrestricted
9.2
Total Funds		 Unrestricted
Funds
£000
301
301
0
86		 Restricted
Funds
£000
0
0
0
116		 Total at 31
March 2022
£000
301
301
0
202
202
101
101
402
402
45
357
402		 Total at 31
March 2021
£000
300
300
0
176
176
15
86 116
30
56
357
357
0
357		 71
45
45
45
45
0
161
461
461
0
461
357 45 461

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Charity Annual Report and Accounts For the year ended 31 March 2022

Cashflow for the year ended 31 March 2022

Statement of Cashflow
Net cash used in operating activities
12
Cash flows from investing activities:
Dividends, interest and rents from investments
2.2
Net Cash provided by investing activities
Changes in cash and cash equivalent in the reported period
Cash and Cash equivalents at the beginning of the period
Cash and Cash equivalents at the end of the period		 2022
Total
£000
2021
Total
£000
26
95
0
0
0
0
26
95
176
81
202
176

12

Charity Annual Report and Accounts For the year ended 31 March 2022

NOTES TO FINANCIAL STATEMENTS

1. Accounting Policies

1.1 Accounting Convention

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Financial Statements have been prepared under FRS 102.

1.2 Income

a) All income is included in full on the Statement of Financial Activities as soon as the following three factors are met:

Legacies are accounted for as income once the receipt of the legacy becomes normally probable. This will be once confirmation has been received from the representatives of the estates that payment of the legacy will be made or property transferred and once all conditions attached to the legacy have been fulfilled.

1.3 Expenditure

The funds held on trust accounts are prepared in accordance with the accruals concept. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party.

a) Cost of generating funds :

The cost of generating funds are the costs associated with generating income for the funds held on trust. This will include the costs associated with generating voluntary income, fundraising and managing investments.

b) Grants payable

Grants payable are payments, made to third parties (including NHS bodies) in the furtherance of the funds held on trust's charitable objectives to relieve those who are sick. They are accounted for on an accruals basis where the conditions for their

13

Charity Annual Report and Accounts For the year ended 31 March 2022

payment have been met or where a third party has a reasonable expectation that they will receive the grant. This includes grants paid to NHS bodies.

c) Governance costs

These are accounted for on an accruals basis and are recharges of appropriate proportions of the following costs from Milton Keynes University Hospital NHS Foundation Trust and include the costs of governance arrangements which relate the general running of the Charity, for example Management and Audit Fees.

d) Activities in furtherance of charity’s objectives

These are accounted for on an accruals basis and are recharges of appropriate proportions of the following costs from Milton Keynes University Hospital NHS Foundation Trust and includes fundraising and publicity, patient welfare, staff welfare, research, contribution to trust capital and other.

1.4 Structure of funds

Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the Trustees have chosen to earmark for set purposes are classified funds. The major funds held within these categories are disclosed on notes 9.1 to 9.3.

1.5

Investment Fixed Assets

Investment fixed assets are shown at market value.

1.6 Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or date of purchase if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or date of purchase if later).

1.7

Reserves

A Reserves Policy is in place to support the holding of funds within the Charity Accounts in order to monitor proposed expenditure against future objectives that have been set. The policy is reviewed on an annual basis by the Trust’s Charitable Funds Committee.

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Charity Annual Report and Accounts For the year ended 31 March 2022

2. Analysis of Income

Analysis of incoming
resources
2
Donations, Legacies
2.1
Donations
and similar resources
Legacies
Grants receivable
Donations In Kind
Investment income
2.2
Investment Income
Other Incoming resource 2.3
Other
Total Incoming resource
from charitable activitie		 Unrestricted
Funds
£000
216
47
18
0		 Restricted
Total
Funds
£000
2022
Funds
£000
14
230
0
47
150
168
0
0
164
445
0
0
0
0
0
6
0
6

164
451
 Total
2021
Funds
£000
324
11
200
136
281
 671
0 0
0
 0
6 7
6
 7
s

287
 678

Other incoming resources includes other sources of income that are not donations, legacies, grants or investment income, including income from fundraising events.

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Charity Annual Report and Accounts For the year ended 31 March 2022

3. Analysis of Expenditure

Details of 3
Unrestricted Restricted Total
Resources 3.1 Funds Funds
Expended -
Other Other: £000 £000
Patients welfare and amenities 192
Staff welfare and amenities
Contributions to Trust's Capital
Miscellaneous
Gift in Kind
Analysis of 3.2
Governance
Costs

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Charity Annual Report and Accounts For the year ended 31 March 2022

4. Analysis of total expenditure

Analysis of 4.1 Costs of Costs of Governance Total Total Total Generating Activities for Costs 2022 Resources Funds Charitable Expended Objectives £000 £000 Staff 128 Auditors remuneration: Audit fee Bought-in servic

Analysis of staff costs 4.2

The Charitable Fund does not directly employ staff but incurred expenses relating to the Fundraising Manager, and two Fundraising Assistants` of £128k (2020-21 £144k). The decrease in staff costs for 2021-22 is due to the fundraising team only having two fundraising assistants for the majority of the year rather than three.

Pension Contributions for 4.3 Senior employees

No pension costs were charged to the charity during the year.

5. Net movement in funds

Net movement in funds for the
for future activities		 Unrestricted
Funds
£000

(104)
(104)		 Restricted
Funds
£000
45
45		 Total
2022
Funds
£000
(59)
(59)		 Total
2021
Funds
£000
138
138

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Charity Annual Report and Accounts For the year ended 31 March 2022

6. Analysis of Fixed Asset Investments

Analysis of
Fixed Asset
6.1
Investments
6.2
Analysis of
6.3
gross income
from
investments		 Fixed Asset Investments:
Market value at 31 March
Market value at 31 March :
All Investments are held in the UK.
Cash held as part of the
investment portfolio		 Held
in UK
£000
301
301		 2022
£000
301
2022
Total
£000
301
301		 2021
£000
300
2021
Total
£000
300
300
Total gross income
Investments in a Common Deposit
Fund
or Common Investment Fund		 Held
in UK
£000
0
0		 2021-22
£000
0
0		 2020-21
£000
0
0

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Charity Annual Report and Accounts For the year ended 31 March 2022

7 Analysis of Debtors

Analysis of 31 March 2022 31 March 2021
Debtors 7.1 Amounts falling due within one year: £000 £000
Trade debtors 0 0
Total debtors falling due within one year 0 0
7.2 Amounts falling due over one year:
Other debtors 0 0
Total debtors falling due after more
than one year 0 0
Total debtors 0 0

8 Analysis of Creditors

Analysis of
Creditors
8.1
Amounts falling due within one year:
Amounts due to subsidiary and
associated undertakings
Total creditors falling due within one
year
associated undertakings
Deferred income
Total creditors falling due after more
than one
year
Total creditors		 31 March
2022
£000
101

101
0
0

0
101		 31 March
2021
£000
15
15
0
0
0
15

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Charity Annual Report and Accounts For the year ended 31 March 2022

9 Analysis of funds

9.1 Restricted Funds
Balance
31 March
2021
Incoming Resources
Expended
Material funds
£000
£000
£000
VCSE Wellbeing Fund
0
75
(75)
Staff Welfare Fund
0
44
(42)
Cancer Centre Fund
0
15
0
Paediatric Fund Ward 5
0
11
(2)
General Fund
0
15
0
Cardiology Department Tr
0
4
0
Total
0
164
(119)
Comparative year
Balance
31 March
2020
Incoming Resources
Expended
Material funds
£000
£000
£000
Cancer Centre Appeal
2
0
0
Total
2
0
0
9.2 Unrestricted Funds
Balance
Incoming Resources
31 March
2021
Expended
£000
£000
£000
Total
461
287
391
Comparative year
Balance
31 March
2020
Incoming Resources
Expended
£000
£000
£000
Total
321
678
540		 9.1 Restricted Funds
Balance
31 March
2021
Incoming Resources
Expended
Material funds
£000
£000
£000
VCSE Wellbeing Fund
0
75
(75)
Staff Welfare Fund
0
44
(42)
Cancer Centre Fund
0
15
0
Paediatric Fund Ward 5
0
11
(2)
General Fund
0
15
0
Cardiology Department Tr
0
4
0
Total
0
164
(119)
Comparative year
Balance
31 March
2020
Incoming Resources
Expended
Material funds
£000
£000
£000
Cancer Centre Appeal
2
0
0
Total
2
0
0
9.2 Unrestricted Funds
Balance
Incoming Resources
31 March
2021
Expended
£000
£000
£000
Total
461
287
391
Comparative year
Balance
31 March
2020
Incoming Resources
Expended
£000
£000
£000
Total
321
678
540		 Transfers
Gains and
Losses
Balance
31 March
2022
£000
£000
£000
0
0
0
0
0
2
0
0
15
0
0
9
0
0
15
0
0
4
0
164
(119)		 0
0
45
Balance
31 March
2020
Incoming Resources
Expended
£000
£000
£000
2
0
0		 Transfers
Gains and
Losses
Balance
31 March
2021
£000
£000
£000
(2)
0
0
2
0
0		 (2)
0
0
Balance
Incoming Resources
31 March
2021
Expended
£000
£000
£000		 Transfers
Gains and
Balance
Losses
31 March
2022
£000
£000
£000
461
287
391		 0
0
357
Balance
31 March
2020
Incoming Resources
Expended
£000
£000
£000		 Transfers
Gains and
Losses
Balance
31 March
2021
£000
£000
£000
321
678
540		 2
0
461

Greater than £15k

Details of Name of fund

Amount

Unrestricted
A
funds greater
B
than £15k
C
D
**E **		 £'000
Cancer Centre Fund
112
General Fund
81
Stroke Rehabilitation Unit
47
Staff Welfare Fund
42
Little Lives Fund
27

A transfer of £2k was made from restricted funds to unrestricted funds due to the Cancer Centre Appeal being closed down, the £2k was transferred from the Cancer Centre Appeal (restricted) to the MK Cancer Services

20

Charity Annual Report and Accounts For the year ended 31 March 2022 Fund (unrestricted).

10 Trustees and connected persons

The Trustees did not receive any remuneration or expenses in the year

11 Related party transactions

Milton Keynes University Hospital is the host Trust and Corporate Trustee of the charity, providing administrative support to the charity, and is its sole beneficiary.

During the year the charity incurred expenditure of £165k (2020-21: £164k) with the host trust. At the balance sheet date, there was a debtor balance of £0k (2020-21: £0k) and a creditor balance due to the host trust of £101k (2020-21: £15k).

12 Reconciliation of net movement in funds to net cash flow from operating activities.

Net movement in funds
Deduct interest income shown in investing activities
Decrease/ (increase) in debtors
Decrease/ (increase) in creditors
Net cash used in operating activities		 2022
£'000
(60)
0
0
(86)
26		 2021
£'000
138
0
0
43
95

21