2021-03-31-accounts - Southport And Ormskirk Hospital NHS Trust Charitable Fund

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TRUSTEE� S ANNUAL REPORT

SOUTHPORT AND ORMSKIRK HOSPITAL CHARITY FOR THE YEAR ENDING 31 MARCH 2021

1. FOREWORD

1.1. The Corporate Trustee presents the Charitable Fund Annual Report together with the Financial Statements for the year ended 31 March 2021.
1.2. The C harit��s Annual Report and Accounts for the year ended 31 March 2021 have been prepared by the Corporate Trustee in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) FRS102 and applicable UK Accounting Standards and the Charities Act 2011.
1.3. The accounts and the annual report of the Charity are subject to independent review rather than a full external audit.

2. OBJECTIVES AND ACTIVITIES

2.1. The Charit��s objecti�es are as follo�s:

� The Trustee shall hold the trust fund upon trust to apply the income, and at their discretion, so far as may be permissible, the capital, for any charitable purpose or purposes relating to � the National Health Service .

2.2. The Charity is funded by donations and legacies received from patients, their relatives, outside organisations, and the general public. As far as is reasonably practical donated funds are utilised in accordance �ith the donors� �ishes. Where the donation has been made for a specific purpose this is accepted as being binding and will be treated as a restricted fund.
2.3. The overall strategy of the Charity is to provide support to the Trust by means of grants.
2.4. The Trustee confirms that they have referred to the guidance contained in the Charity Commission�s general guidance on public benefit �hen re�ie�ing the aims an d objectives and the making of grants. The grants made during the year are detailed below. As a result of these grants the public attending the hospital either as patients or visitors will benefit from the enhancement of equipment and services funded by them.

Patients� Welfare -

services and facilities over and above that are normally provided

Staff Welfare and - Enhancement of staff facilities and by providing education Education over and above that would normally be provided by the NHS.

Capital Equipment - Purchase of equipment in addition to or an enhancement of that which would be normally provided by the NHS.

3. ACHIEVEMENTS AND PERFORMANCE

3.1. Income has significantly increased in 2020/21 for three main reasons:
Appointment of a professional Fundraiser.
Grants received from NHS Charities Together.
Public support for the NHS during the pandemic.
3.2. Total income for the year was £338,000 which represents an increase of £199,000 from the previous year.
3.3. The charit� �asn�t able to full� spend the donations it recei�ed in �ear and this �as mainly due to delays on projects caused by the pandemic.
3.4. Expenditure in the year was £194,000 (grant funded activity £124,000, support costs £41,000 and other expenditure of £29,000).
3.5. Together with a £102,000 net gain on investments the charity made an in-year surplus of £246,000. Note that there are, however, a large amount of commitments totalling £317,000 and it is hoped that these can be fully transacted in 2021/22.
3.6. In total, grants of £124,000 (excluding support costs) were awarded. Detailed below are the areas where these grants made the most difference:
Medical and IT equipment.
A range of furniture and decorations across a number of wards and departments to enhance patient experience.
Free meals during Christmas, weekly yoga sessions, various courses and training to support staff across various departments to deliver better care for patients.

4. FINANCIAL REVIEW

4.1. Resources (donations, legacies and investment income) were significantly higher than in the previous year at £338,000 (£139,000 in 2019/20).
4.2. Investment income was lower than the previous year at £23,000 (£31,000 in 2019/20) as summarised in the table below:

	2020/21	2019/20
	£000	£000
Donations	313	108
Legacies	2	0
Grants	0	0
Investment income	23	31
	338	139

4.3. During the year, no payments were made to the Trustee.
4.4. Grants made during the year totalled £124,000 (excluding support costs) as shown in note 4 to the accounts.
4.5. Details of these grants are as follows:

4.5.1. Capital expenditure

Grants were made of £43,000, (2019/20 £65,000). This includes.
Treatment chairs for the Medical Day Unit (£18,576),
Bariatric chairs for the Medical Day Unit (£5,432),
Camera equipment for the Spinal Unit (£5,460); and o Computer equipment (£5,054).

4.5.2. Staff Welfare and Amenities

The grants totalled £23,000 (2019/20 £25,000). These were made to improve the environment and working conditions for staff. This included staff wellbeing initiatives � Free breakfast and Christmas dinners (£6,188 ), funding for Nightingale Frontline NHS service (£5,000), Staff yoga / Health and wellbeing activities (£4,500), and Ice cream van for staff (£2,400).

4.5.3. Staff Education and Training

Grants totalling £9,000 (2019/20 £25,000), funded courses and conferences across a range of service areas and specialities including palliative care, cancer and rehabilitation.

4.5.4. Patients Welfare and Amenities

Grants were made of £49,000 (2019/20 £70,000). These were made to impro�e the qualit� of patients� sta� in the hospitals. This includes the pro�ision of various items such as in hospital events and purchase of decorative items as well as some small equipment.
Included in this section are Vinyl window covering for oncology ward (£5,800), Recliner chairs for pain patients (£3,297), Portable DVD players, iPads and games (£2,957), Christmas decorations purchases (£2,773), Christmas stickers for the wards (£1,718), Activity resources and housing units for all wards (£1,894), dementia friendly crockery (£1,364) and cakes to say thank you to staff (£1,050).

5. Reserves policy

5.1. The reserves policy remained unchanged in 2020/21 in that the minimum level of all funds would be sufficient to cover 12 months of running costs.
5.2. On 31st March 2021 the value of funds at £984,000 exceeded the £70,000 annual running costs of the charity. Note the running costs are made up of support costs of £41,000 plus £29,000 other expenditure which comprises staff costs and fundraising expenditure costs.

6. Risk Management

6.1. The major risks to which the charity is exposed have been reviewed and systems or procedures have been established to manage those risks.
6.2. The most significant risks identified were the security and application of income, the approval procedures for expenditure, control of funds and the management of investments.
6.3. The activities of the Charity are subject to both the Charit��s o�n go�ernance procedures and scrutiny from internal audit. It can be concluded that the Charity has mitigated any risks both from its income and expenditure perspective as well as its balance sheet investments to a level that is considered acceptable.

7. Investment policy

7.1. The purpose of the investment policy is to ensure that the charitable fund portfolio is effectively managed by providing a framework to the Investment advisors that sets out the allocation to each asset class within the constraints set by the charity.
7.2. The strategic allocation of the portfolio in 2020/21 was as follows:

Asset Class	Allocation	Tactical	Total range
		Variance
UK Sovereign Debt	30%	+/-10%	20% to 40%
Cash	0%	+15%	0% to 15%
Equity Investments	65%	+/-10%	55% to 75%
Alternative Assets (hedge, commercial	5%	+/- 10%	0% to 15%
property, commodities)

7.3. An income generation was not set for 2020/21. Returns amounted to £23,000 (2019/20 £31,000).

7.4. The following ethical investment constraints have been set by the Trustee, which means that investments in those companies involved wholly or substantially in the following are excluded:
Tobacco.
Armaments.
Alcohol.
Betting/gaming.
Payday loans.

Note that wholly or substantially is defined as more than two thirds of the core business .

8. PLANS FOR FUTURE PERIODS

8.1. The Trustee will continue to regularly review spending plans to reflect the changing needs of the NHS service within Southport and Ormskirk. The objective is to enhance facilities for patient care, ensuring that both service needs and the objectives of the Charitable Fund are met.
8.2. A new Charity Fundraising strategy 2021-2024 was adopted by the Trustees in April 2021.
8.3. The key fundraising priorities for year one are stewardship of NHS Charities Together, legacy marketing, contactless giving, lottery set up, Supporter database set up and the recruitment of the Fundraising, Database and Finance Assistant.

9. STRUCTURE, GOVERNANCE AND PERFORMANCE

9.1. The Charity was created by a Declaration of Trust on the 1 September 1995 as The Southport and Formby NHS Trust Charitable Fund.
9.2. The name was changed to The Southport and Ormskirk NHS Trust Charitable Fund by a Statutory Instrument dated 1 April 1999 and Resolution dated 26 November 1999.
9.3. The Executive and Non-Executive Directors of the Trust Board are responsible for ensuring that the NHS body fulfils its duties as Corporate Trustee in managing the charitable funds.
9.4. Non-Executive Directors are appointed by the Appointments Commission. Executive Directors are appointed by the Board of the NHS Trust.
9.5. On appointment Executive and Non-Executive Directors take part in an induction programme and they are made aware, as Board members, of their responsibilities as the Corporate Trustee of Southport and Ormskirk Hospital NHS Trust Charitable Fund. The induction also includes an overview of the aims, objectives, and the recent performance of the charitable fund. The Board members are also updated regularly with any changes in Charitable Fund legislation.

9.6. The Board of the Southport and Ormskirk Hospital NHS Trust has delegated responsibility to manage the charitable funds on behalf of the Corporate Trustee to the Charitable Funds Committee.
9.7. The Director of Finance is responsible for the administration of the charitable funds, reporting to the Charitable Funds Committee. He has particular responsibility for ensuring that all expenditure is in accordance with established criteria and approved in line with the Standing Financial Instructions.
9.8. Annually the Charitable Fund Committee will review the Investment Policy of the charitable fund, as to asset allocation, cash requirements and ethical investment policy.
9.9. The external investment advisors quarterly report will be examined by the Committee to ensure that they are operating within the criteria laid down in this policy.

10. REFERENCE AND ADMINSTRATION DETAILS

Charity name: Southport & Ormskirk Hospital NHS Trust Charitable Fund

Registered Charity No: 1049227

The principal address of the Charity is:

Southport and Ormskirk Hospital NHS Trust Corporate Office PO Box 134 Southport Merseyside PR8 6PT

Banker:

Royal Bank of Scotland Lord Street Southport PR8 1PH

Investment Advisor:

Quilter Cheviot 5 St Paul�s Square Liverpool L3 9SJ

Independent Examiner:

Mazars LLP Salvus House Aykley Heads Durham DH1 5TS

11. Trustee Arrangements:

The Southport and Ormskirk Hospital NHS Trust is the Corporate Trustee of the Charity. The members of the NHS Trust Board who served during the financial year were as follows:

Name:	Position:
P Armstrong-Child	Chief Executive Officer
T.A. Patten	Deputy Chief Executive Officer (left 06.09.20)
S Shanahan	Finance Director
Y Bottomley	Interim Director of Finance
W Gregory	Interim Director of Finance
T Hankin	Medical Director
B Lees	Nursing Director
S Christian	Deputy Chief Executive
J Royds	Human Resources Director
N Masom	Trust Chair @
J Birrell	Non-Executive Director
J Gorry	Non-Executive Director
P Gibson	Non-Executive Director
G Pollard	Non-Executive Director
D.J. Bricknell	Non-Executive Director
G Singh	Non-Executive Director

Signed on behalf of the Corporate Trustee.

Date: 12[th] January 2022 ��

Statement of Trustee responsibili �ies in respec� of �he Tr�s�ee�s annual report and the financial statements

Under the corporate governance manual of Southport & Ormskirk Hospital NHS Trust and charit� la�, the trustee is responsible for preparing the Trustee�s Annual Report and the financial statements in accordance with applicable law and regulations. The Trustee has elected to prepare the financial statements in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland.

The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the excess of expenditure over income for that period.

In preparing these financial statements, generally accepted accounting practice entails that the trustee:

select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards and the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements.
state whether the financial statements comply with the charity rules, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The Trustee is required to act in accordance with the rules of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustee to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

Signed on behalf of the Corporate Trustee.

Date: 12[th] January 2022 ..��

SOUTHPORT AND ORMSKIRK HOSPITAL NHS TRUST CHARITABLE FUND

Statement of Financial Activities for the year ended 31 March 2021

		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
	Note			2021	2020
		£000	£000	£000	£000
Income and endowments from:
Donations and legacies	2	88	227	315	108
Investments	7	4	19	23	31
Total income		92	246	338	139
Expenditure on:
Charitable activities	4	(43)	(122)	(165)	(212)
Other	3	(8)	(21)	(29)	(52)
Total expenditure		(51)	(143)	(194)	(264)
Net gains/(losses) on investments	6	22	80	102	(101)
Net income/(expenditure)		63	183	246	(226)
Transfer Between Funds	11			0	0
Net Movement in funds		63	183	246	(226)
Reconciliation of Funds
Total funds brought forward		103	635	738	964
Total funds carried forward		166	818	984	738

The notes on the following pages form part of these accounts

SOUTHPORT AND ORMSKIRK HOSPITAL NHS TRUST CHARITABLE FUND

Statement of Financial Position at 31 March 2021

Unrestricted Funds Note £000 Fixed Assets Investments 6 132 Total Fixed Assets 132 Current Assets Debtors 8 1 Cash at bank and in hand 9 57 Total Current Assets 58 Liabilities Creditors: Amounts falling due within one year 10 (24) Total net assets 166 The Funds of the Charity Funds 11 166 Total Charity Funds 166	Restricted Funds £000 651 651 6 265 271 (104) 818 818 818	Total Funds 2021 £000 783 783 7 322 329 (128) 984 984 984	Total Funds 2020 £000 685
			685
			10 53
			63
			(10)
			738
			738
			738

The notes on the following pages form part of these accounts

Signed

Date

12th January 2022

Name & position

Ann Marr OBE, Chief Executive

SOUTHPORT AND ORMSKIRK HOSPITAL NHS TRUST CHARITABLE FUND

Statement of Cash Flows for the year ended 31 March 2020

Total 31 March 2021 £000 Cash flows from operating activities: 242 Net cash provided by (used in) operating activities 242 Cash flows from investing activities: Dividends, interest and rents from investments 23 Proceeds from sale of investments 146 Purchase of investments (142) Net cash provided by (used in) investing activities 27 Cash flows from financing activities Repayments of borrowing 0 Cash inflows from new borrowing 0 Receipt of endowment 0 Net cash provided by (used in) financing activities 0 Change in cash and cash equivalents in the reporting period 269 Cash and cash equivalents at the beginning of the reporting period 53 Change in cash and cash equivalents due to exchange rate movements 0 Cash and cash equivalents at the end of the reporting period 322 Reconciliation of net income/(expenditure) to net cash flow from operating activities 31 March 2021 Net income/(expenditure) for the reporting period (as per the statement of financial activities) 246 Adjustments for: (Gains)/losses on investments (102) Dividends, interest and rents from investments (23) Loss/(Profit) on sale of Fixed Assets 0 (Increase)/decrease in stocks 0 (Increase)/decrease in debtors 3 Increase/(decrease) in creditors 118 Net cash provided by (used in) operating activities 242 Analysis of cash and cash equivalents 31 March 2021 Cash in hand 322 Notice deposits (less than 3 months) 0 Overdraft facility repayable on demand 0 Total cash and cash equivalents 322	Total 31 March 2020 £000 (179)
	(179)
	31 136 (78)
	89
	0 0 0
	0
	(90) 143 0
	53
	31 March 2020 (226) 101 (31) 0 0 (2) (21)
	(179)
	31 March 2020 53 0 0
	53

Notes to the Accounts

1. Accounting Policies

1.1 Basis of preparation

The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at market value. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) FRS102 , applicable UK Accounting Standards, the Charities Act 2011 and the organisation's Charity Commission registration.

The accounts are prepared on a going concern basis. In making this assessment the Corporate Trustee has taken into account all the information available including about the future and can confirm that the charity is a going concern.

1.2 Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.

Unrestricted funds comprise those funds which the Trustee is free to use for any purpose in furtherance of the charitable objects.

1.3 Incoming resources

All incoming resources are accounted for once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of the incoming resources can be measured with sufficient reliability.

1.4 Incoming resources from legacies

Legacy income is recognised on a receivable basis when there is sufficient evidence to provide necessary certainty that legacy income will be received and the value of the incoming resources can be measured with sufficient reliability. These criteria will normally be met following probate or confirmation and once the executor(s) of the estate have established that there are sufficient assets in the estate, after settling liabilities, to pay legacy income.

1.5 Resources expended

All expenditure is accounted for on an accruals basis. It is recognised once there is a legal or constructive obligation committing the charity to the expenditure.

Grants are only made to related or third party NHS bodies and non NHS bodies in furtherance of the charitable objects of the fund.

1.6 Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

1.7 Allocation of overhead and support costs

Overhead and support costs have been allocated on an appropriate basis between Charitable Activities and Governance Costs as per note 3.

1.8 Costs of generating funds

The costs of generating funds are the fees charged by the nominees who manage the investments of the fund.

Quarterly management fees are offset against commission charges. Fees that exceed the commission charge are deducted from the funds on deposit (see other expenditure in note 3).

1.9 Charitable activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs comprise direct costs and an apportionment of overhead and support costs.

1.10 Governance costs

Governance costs comprise all costs incurred in the governance of the charity. These costs include costs related to the independent examination of the accounts together with an apportionment of overhead and support costs.

1.11 Fixed asset investments

Investments are stated at market value at the statement of financial position date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Quoted stocks and shares are included in the statement of financial position at mid-market price, excluding dividend.

1.12 Net gains/(losses) on investments

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).

1.13 Estimation techniques

The value of potential legacies stated in the contingent asset (note 15) is estimated using information received from solicitors and current property market valuations.

1.14 Critical judgements in applying accounting policies

Funds relating to specific areas of the hospital e.g. to individual wards are considered restricted whereas the general funds (monies received without a donors' wish) are treated as unrestricted.

1.15 Key assumptions regarding the future

The Charity is a public benefit entity and will continue to be. The Charity's main assets are held in investments spread over fixed interest government stock and equity shares. An ethical investment policy is in place and this is reviewed annually. Investment advisors are also engaged and their performance is reviewed throughout the year. This approach helps to reduce the risk of significant valuation adjustments caused by external market and worldwide factors.

1.16 Trustee remuneration and benefits

None of the Board members of the Corporate Trustee have been paid any remuneration or received any other benefits from the charity.

1.17 Amounts paid to key management personnel

No staff are directly employed by the Charity and there is a service level agreement (SLA) in place with Southport & Ormskirk Hospital NHS Trust which includes management services. The value is disclosed in note 13 related party transactions.

1.18 Financial instruments

The charity recognises basic financial instruments as follows: cash, bank deposits, debtors and creditors. Their initial measurement is:

Financial instrument Measurement on initial recognition Cash Cash held Bank deposits Cash amount of deposit Investments Originally at cost and then by market value Debtors Settlement amount Creditors Settlement amount

2. Analysis of donations and legacy income

Donations Legacies Grants	Unrestricted Restricted Total Funds Funds 2021 £000 £000 £000 88 225 313 0 2 2 0 0 0 88 227 315	Total 2020 £000 108 0 0
		108

3. Other expenditure

Governance Cost Support Cost	Unrestricted Restricted Total Funds Funds 2021 £000 £000 £000 3 1 4 5 20 25 8 21 29	Total 2020 £000 5 47
		52

Southport & Ormskirk Hospital NHS Trust provide full administration support to the Charity and this is embodied in an annual service level agreement.

This agreement breaks down the various service elements and it is this that it used to determine how costs are apportioned between charitable activities and governance. The majority of services relate to charitable activities

These accounts are not subject to a full audit but rather an independent examination. The costs of this (£2,500 plus irrecoverable VAT) are wholly allocated to governance.

The apportionment of charitable activity support costs is disclosed in note 4.

Financial investment and advice is provided by Quilter Cheviot. Their fee is shown as Investment Management costs.

4. Analysis of charitable activities

The charity pursued its charitable activities by making grants. Support costs have been apportioned across the categories of charitable expenditure on the basis of the number of individual transactions and the associated transaction cost incurred by the charity.

Contribution to Capital Expenditure Other Expenditure Patients welfare and amenities Staff welfare and amenities Staff training	Grant funded Support Total Activity Costs 2021 £000 £000 £000 43 14 57 0 0 0 49 16 65 23 8 31 9 3 12 124 41 165	Total 2020 £000 74 0 80 29 29
		212

5. Analysis of grants

All grants are made to the Southport and Ormskirk Hospital NHS Trust. The total cost of making grants is shown on the face of the Statement of Financial Activities, and the actual disbursement for each category of charitable activity is disclosed in note 4.

6. Fixed asset investments

Movement in fixed asset investments

	Movement in fixed asset investments
		2021		2020
		£000		£000
	Market value brought forward	685		844
	Add : acquisitions at cost	142		78
	Less: disposals at cost	(146)		(136)
	Unrealised gain / (loss) on carrying value of the investment	102		(101)
	Market value at 31 March	783		685
	Unrealised gain / (loss) on carrying value of the investment	102		(110)
	Profits / (loss) on sale of investments	4		9
	Total realised and unrealised gains (losses) for year	106		(101)
	Analysis of fixed asset investments	Market	Market
		Value	Value
		2021		2020
		£000		£000
	Listed equity investments	595		523
	Fixed interest investments	188		162
	Other investment funds	0		0
		783		685
		Market
	Analysis of material investments	Value
		2021
		£000	%
	Interest (UK Govt Of) 4.75% Gilt 07/12/2030 GBP0.01	34		4.4
	Interest (UK Govt of) 1.75% Bds 07/09/22 1p	47		6.0
	Equity Charities Prop FD	37		4.8
	Equity I Shares	50		6.4
		168		21.6
	For the purpose of this analysis, materiality of investments is considered	to be those with a market value greater
	than £30k.
7.	Gross income from investments	2021		2020
		£000		£000
	Listed equity investments	20		24
	Fixed interest investments	3		7
		23		31

8. Analysis of debtors Trade debtors Accrued income	2021 £000 0 7 7	2020 £000 3 7
		10

Accrued income is in respect of Quilters Q4 dividend received in April 2021.

9. Cash at bank Royal Bank of Scotland High Interest Account Quilter 10. Analysis of current liabilities Trade creditors Accruals and deferred income	2021 £000 289 33 322 2021 £000 121 7 128	2020 £000 24 29
		53
		2020 £000 6 4
		10

The Trade creditor figure represents a sum owed at the end of the year by the Charity to a related party, Southport and Ormskirk Hospital NHS Trust. These are for costs incurred by the related party on behalf of the Charity.

11. Analysis of funds

Material restricted funds Cancer Medical Day Unit Neonatal Pharmacy Rehab Patients SIU General Covid-19 Others Unrealised (Losses) Profits Unrestricted funds Unrealised (Losses) Profits	Balance 31 March 2020 £000 97 79 42 39 48 77 0 216 37 635 111 -8 103	Transfer Incoming Resources Between resources expended Funds £000 £000 £000 3 (7) 6 (38) 5 (4) 1 (3) 2 (4) 37 (25) 173 (36) 111 (81) 43 0 381 (198) 93 (54) 24 0 117 (54)	Balance 31 March 2021 £000 93 47 43 37 46 89 137 246 80
			818
			150 16
			166

For clarity and consistency all figures have been shown gross before the allocation of unrealised profits in total.

For the purpose of this analysis, materiality of restricted funds is considered to be funds with a closing balances greater than £30k.

12. Amount held on behalf of associated party

There are no amounts held on behalf of associated party.

13. Related party transactions

Neither the Corporate Trustee nor any member of the NHS Trust board has received honoraria, emoluments or expenses in the year from charitable funds and the Trustee has not purchased trustee indemnity insurance. (2019/20 NIL)

The Charity has made revenue and capital payments to the Southport and Ormskirk Hospital NHS Trust where the Board members also represent the Charity as the Corporate Trustee.

The value of transactions with Southport & Ormskirk Hospital NHS Trust amounted to £168,238 in 2020/21 (£183,314 2019/20). The majority of these transactions related to recharges for equipment / services procured via the Trust's ordering system.

14. Financial instruments

Cash Trade debtors Investments Financial liabilities Trade creditors 15. Contingent Assets Legacies	£000 322 0 783 1,105 2021 £000 121 121 2021 £000 53 53	£000 53 3 685
		741
		2020 £000 6
		6
		2020 £000 53
		53

Potential legacies not yet received that have been identified from Wills and Testaments have an estimated value of £53,500.

16. Events after the reporting period

There are no adjusting events after the reporting period, however, it should be noted that these Charity accounts have not been consolidated into the main accounts of Southport & Ormskirk Hospital NHS Trust due to materiality. The following text was included in the main Trust accounts:

Although the Charity is under common control of the NHS Trust an assessment of materiality has concluded that the Charity's figures should not be consolidated into the Trust's accounts. There are two elements to the materiality assessment - quantitative and qualitative. Firstly on the quantitative side the value of the Chari�� income, expenditure, assets and liabilities all fall below 1% the value of the Tr��. Secondly on the qualitative side omission of the Charity figures in the Trust accounts would not affect a ��er�� understanding of the accounts. As such the Trust has not consolidated the Charity's figures into these accounts as they are not material.

Donations in 2020/21 have increased substantially. This is due to both the public's desire to help the NHS during the coronavirus pandemic plus the fact that for the first time there is a full-time Charity Fundraiser.

Grants have also been received in 2020/21 from NHS Charities Together and these are being used for specific projects that support staff and visitors during the pandemic.

Independent Examiner’s Report to the Trustees of Southport and Ormskirk Hospital NHS Trust Charitable Fund

I report on the financial statements of Southport and Ormskirk Hospital NHS Trust Charitable Fund for the year ended 31 March 2021, which are set out on pages 1 to 18.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements 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(b) of the 2011 Act.

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

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 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of the Institute of the Association of Chartered Certified Accountants (ACCA) which is one of the listed bodies.

In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:

accounting records were not kept in respect of Southport and Ormskirk Hospital NHS Trust Charitable Fund in accordance with section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principals 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, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

Mark Surridge FCCA For and on behalf of Mazars LLP Chartered Accountants and Statutory Auditor First Floor 2 Chamberlain Square Birmingham B3 3AX

Jan 25, 2022