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2021-03-31-accounts

ANNUAL REPORT AND ACCOUNTS 2020‐21

Frimley Health Charity

Reg. No. 1049600

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Contents

SECTION ONE

Independent Auditor Report

SECTION TWO

Annual Report and Accounts

Contents .................................................................................................................................................. 1
1 Foreword ............................................................................................................................................ 8
2
Structure, Governance and Management ...................................................................................... 9
3
Risk Management ......................................................................................................................... 11
4
Objectives and Strategy ................................................................................................................ 12
5
Review of Finances, Achievements and Performance .................................................................. 12
6
Investment Policy .......................................................................................................................... 15
7
Reserves Policy .............................................................................................................................. 15
8
Future Plans .................................................................................................................................. 15
Statement of Financial Activities for the year ended 31 March 2021 .................................................. 17
Balance Sheet as at 31 March 2021 ...................................................................................................... 18
Statement of Cash Flows ...................................................................................................................... 19
Notes to the Accounts .......................................................................................................................... 20

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

SECTION ONE

Independent Auditor Report

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Independent auditor report to the Trustee of Frimley Health Charity

Opinion

We have audited the financial statements of Frimley Health Charity (“the charity”) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flow and related notes, including the accounting policies in note 1.

In our opinion the financial statements:

Basis for opinion

We have been appointed as auditor under section 149 of the Charities Act 2011 (or its predecessors) and report in accordance with regulations made under section 154 of that Act.

We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and applicable law. Our responsibilities are described below. We have fulfilled our ethical responsibilities under, and are independent of the charity in accordance with, UK ethical requirements including the FRC Ethical Standard. We believe that the audit evidence we have obtained is a sufficient and appropriate basis for our opinion.

Going concern

The trustee has prepared the financial statements on the going concern basis as they do not intend to liquidate the charity or to cease its operations, and as they have concluded that the charity’s financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over its ability to continue as a going concern for at least a year from the date of approval of the financial statements (“the going concern period”).

In our evaluation of the trustee’s conclusions, we considered the inherent risks to the charity’s business model and analysed how those risks might affect the charity’s financial resources or ability to continue operations over the going concern period.

Our conclusions based on this work:

However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the above conclusions are not a guarantee that the charity will continue in operation.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Fraud and breaches of laws and regulations – ability to detect

To identify risks of material misstatement due to fraud (“fraud risks”) we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures included:

We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit.

As required by auditing standards, we perform procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries.

On this audit we do not believe there is a fraud risk related to revenue recognition because the Charity has no profit motive and is not required by any regulatory body to achieve any specific financial targets. In addition, the majority of income is received in the form of legacies or investment returns informed by a third party, so the opportunity to manipulate the revenue figure is limited.

We did not identify any additional fraud risks.

We also performed the following procedure:

Identifying and responding to risks of material misstatement due to non‐compliance with laws and regulations

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, and through discussion with management (as required by auditing standards) and discussed with management the policies and procedures regarding compliance with laws and regulations.

As the Charity is regulated, our assessment of risks involved gaining an understanding of the control environment including the entity's procedures for complying with regulatory requirements.

We communicated identified laws and regulations throughout our team and remained alert to any indications of non‐compliance throughout the audit.

The potential effect of these laws and regulations on the financial statements varies considerably.

The Charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Whilst the Charity is subject to many other laws and regulations, we did not identify any others where the consequences of non‐compliance alone could have a material effect on amounts or disclosures in the financial statements.

Context of the ability of the audit to detect fraud or breaches of law or regulation

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non‐compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remained a higher risk of non‐detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non‐compliance or fraud and cannot be expected to detect non‐ compliance with all laws and regulations.

Other information

The trustee is responsible for the other information, which comprises the Trustee’s Annual Report. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except as explicitly stated below, any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether, based on our financial statements audit work, the information therein is materially misstated or inconsistent with the financial statements or our audit knowledge. We are required to report to you if:

We have nothing to report in these respects.

Matters on which we are required to report by exception

Under the Charities Act 2011 we are required to report to you if, in our opinion:

We have nothing to report in these respects.

Trustees’ responsibilities

As explained more fully in their statement set out on page 10‐11, the trustee is responsible for: the preparation of financial statements which give a true and fair view; such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error; assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and using the going concern basis of accounting unless they either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue our opinion in an auditor’s report. Reasonable assurance is a high level of assurance but does not guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

A fuller description of our responsibilities is provided on the FRC’s website at www.frc.org.uk/auditorsresponsibilities.

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the charity’s trustee as a body, in accordance with section 149 of the Charities Act 2011 (or its predecessors) and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s trustee those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustee as a body, for our audit work, for this report, or for the opinions we have formed.

Joanne Lees

for and on behalf of KPMG LLP

Chartered Accountants

KPMG LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

15 Canada Square London, E14 5GL

27 January 2022

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

SECTION TWO

Annual Report and Accounts

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

1 Foreword

The Corporate Trustee presents the Frimley Health Charity (“The Charity”) Annual Report together with the audited financial statements for the year ended 31 March 2021.

The Charity's Annual Report and Accounts for the year ended 31 March 2021 have been prepared by the Corporate Trustee in accordance with the Charities Act 2011, the Charities Statement of Recommended Practice (FRS 102), and FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The Charity’s Annual Report and Accounts include all of the separately established funds for which the Frimley Health NHS Foundation Trust is the sole beneficiary.

The Charity is registered with the Charity Commission (registration number 1049600) in accordance with the Charities Act 2011.

1.1 Reference and Administrative Details

The Charity was formed by Trust Deed (Declaration of Trust) on 26 September 1995 and entered on the Central Register of Charities on 4 October 1995. The registration was as an Umbrella Charity; Registered Charity Number 1049600. The Charity is currently known as Frimley Health Charity.

Supplemental deed dated 23 May 2005 changed the name to Frimley Park Hospital NHS Foundation Trust Charitable Fund, further amended by a supplemental deed dated 4 January 2014 to Frimley Park Hospital Charity. This was further amended in March 2015 to Frimley Health Charity as approved by the Trustee following the acquisition of Heatherwood and Wexham Park Hospitals NHS Foundation Trust by Frimley Park Hospital NHS Foundation Trust.

Charitable funds received by the Charity are accepted, held and administered as funds and property for purposes relating to the Health Service in accordance with the National Health Service Act 1977 and the National Health Service and Community Care Act 1990, these funds are held on trust by the Corporate body.

1.2 Principal Office

Frimley Health NHS Foundation Trust Frimley Park Hospital Portsmouth Road Frimley Surrey GU16 7UJ

1.3 Bankers

Lloyds Bank plc Lloyds Bank plc Barclays Bank PLC 19/23 Obelisk Way 24 High Street London Corporate Banking Camberley Slough 1 Churchill Place Surrey GU15 3SE Berkshire SL1 1EJ London E14 5HP

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

1.4 Independent Auditor

KPMG LLP 15 Canada Square Canary Wharf London E14 5GL

1.5 Solicitors

Capsticks 1 St George’s Road Wimbledon London SW19 4DR

2 Structure, Governance and Management

2.1 Trustee

The Frimley Health NHS Foundation Trust is the Corporate Trustee of the Charity governed by the law applicable to Trusts, principally the Trustee Act 2000 and the Charities Act 2011. Acting as Corporate Trustee, the Trust’s Board of Directors is responsible for the overall management of the Charity.

The Chair and Non‐Executive members of the Trust Board are appointed by the Trust’s Council of Governors. The Chief Executive is appointed by the Chair and Non‐Executive Directors (subject to ratification by the Council of Governors). Executive members of the Trust Board are subject to recruitment by the Chairman, Non‐Executive Directors and Chief Executive. Members of the Trust Board are not individual Trustees under Charity Law, but act as agents on behalf of the Corporate Trustee. Duties are discharged through dedicated Trustee meetings.

For operational purposes the Trustees, during the financial year 2020/21, were deemed to be the Chairman, Non‐Executive Directors and Executive Directors of Frimley Health NHS Foundation Trust. The Director of Finance acted as the principal officer overseeing the day‐ to‐day financial management and accounting for the Charity during the year. The members of the Board of the Corporate Trustee who served during the financial year and up to the date of signing the financial statements were as follows:

Non‐Executive Directors:

Pradip Patel – Chairman Thoreya Swage Michael O’Donovan Rob Pike Bryan Ingleby Dawn Kenson John Weaver Michael Baxter

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Executive Directors:

Neil Dardis Chief Executive
Timothy Ho Medical Director
Nigel Foster Director of Finance
Dan Bradbury Chief Operating Officer
Lorna Wilkinson Director of Nursing and Midwifery
Caroline Hutton Interim Director of Transformation, Innovation and Digital
Eleanor Shingleton‐Smith Acting Director of Human Resources
Alison Szewczyk Interim Director of Nursing until June 2020
Maxine McVey Interim Director of Nursing until June 2020
Janet King Director of HR and Corporate Services until 31 October 2020

Induction and training are organised for new Directors of the Corporate Trustee on a case by case basis. This includes a series of one‐to‐one meetings with the Chairman, the executive directors and senior managers.

2.2 Statement of Trustee’s Responsibilities

Under charity law, the Trustee is responsible for preparing the Trustee’s annual report and accounts for each financial year which show 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, the Trustee is required to:

The trustee is required to act in accordance with the trust deed and the rules of the charity, within the framework of trust law. The trustee responsible for keeping accounting records which are sufficient to show and explain the charity’s transactions and 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. The trustee has general

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

responsibility for taking such steps as are reasonably open to the trustee to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.

2.3 Charitable Funds Committee

The Charitable Funds Committee was established by the Trustee to oversee the day‐to‐day management of the Charity in accordance with the duties of the Trustee, and to report regularly to the Trustee on the discharge of its responsibilities. The Charitable Funds Committee is chaired by a Non‐Executive Director of the Trust and includes Executive and Directors as well as individuals who are not members of the Board of Directors. The members who served during the financial year and up to the date of signing the financial statements were as follows:

John Weaver Non‐Executive Director & Committee Chair Bryan Ingleby Non‐Executive Director Edward John Director of Operational Finance

In attendance by invite:

Bryan Ingleby
Edward John
In attendance by invite:		 Non‐Executive Director
Director of Operational Finance
Judith Gudgeon Consultant
Jeetesh Bhardwa Consultant
Philippa Hooton Head of Nursing Medicine & Elderly Care
Alison Stevens Head of Nursing
Joanna Hawks Matron, Wexham ED
Stuart Bendermacher Matron Emergency Assessments
Ann McDonald Associate Director of Finance
Aman Jhalli Head of Technical Accounts
Andrew House Charity Director

The accounting records and the day‐to‐day administration of the funds are dealt with by the Finance Department located at Frimley Health NHS Foundation Trust, Heatherwood Hospital, London Road, Ascot, Berkshire SL5 8AA.

3 Risk Management

The major risks to which the Charity is exposed have been identified and assessed, with systems in place that seek to mitigate those risks.

Although the current economic climate is relatively stable, the prospect of future economic downturns presents limited risk because in general the Charity does not enter into long‐term spending commitments that are not covered by its income and tailors its expenditure to the funds available.

Expenditure is closely monitored; no fund manager is able to expend funds without the request first being checked by the Finance Department, which ensures the funds are

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

available. The Charitable Funds Committee regularly reviews the movement on the different funds to satisfy itself that funds are being spent in accordance with the purpose for which they were raised and not retained to no benefit of the Charity, with significant fund holders asked to provide spending plans to support high balances.

There are no material uncertainties about the Charities ability to continue. The Charity is a public benefit entity.

4 Objectives and Strategy

The Charity’s overarching objective is expressed as follows in the Trust Deed:

“The Trustee shall hold the Trust Fund upon trust to apply the income, and at its discretion, so far as may be permissible, the capital, for any charitable purposes relating to the NHS (hereinafter referred to as “the Objects”)”.

The Trustee has had regards to Charity Commission guidance on public benefit in section 17 of the Charities Act 2011 as well as the activities undertaken to further a charity’s purposes for the benefit of the public as demonstrated in section 5 of the Annual Report.

The Charitable Funds Committee has defined the purpose of the Frimley Health Charity as follows:

The purpose of the Frimley Health Charity is to raise and receive money and other support from patients, staff and members of Frimley Health NHS Foundation Trust (“The Hospitals”), as well as from the wider community. The Trustee of the Charity is responsible for ensuring the funds raised are spent in accordance with the wishes of the donors if specified, Charity Commission guidelines, and all relevant legal requirements.

The overall aim of the Corporate Trustee is to enhance the capacity of the Hospitals, its staff, and volunteers to provide the best possible care for its patients, over and above the standards required by the NHS.

The Charitable Funds Committee continued to support the Trust’s main strategic appeal in 2020‐21:

5 Review of Finances, Achievements and Performance

The net assets of the Charity as at 31 March 2021 were £5,433k compared with £4,374k as at 31 March 2020, an overall increase of £1,059k.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

The total income received was £2,360k which represents an increase of £502k compared with the previous year (19/20 £1,858k) and this was largely due to an influx of general donations, an increase in lottery income and COVID grants and fundraising income.

Total expenditure was £1,301k, which was a decrease of £191k on the previous year (2019/20 £1,492k). Spend on equipment purchases fell to £170k (2019/20 £212k) which was a reduction of £42k on the previous year. £254k was spent on patient education and welfare (2019/20 £365k) which was a reduction of £111k from the previous year. Spending on staff education and welfare increased sharply by £447k to £731k (2019/20 £284k)

Total expenditure includes governance costs which are shown in note 7 having been apportioned across the approved expenditure headings.

The Stroke Appeal was launched in February 2017 and to date has raised £771k. With a Trust match of £320k the building of the new Stroke Unit is expected to start in Autumn 2021.

The Charity Lottery scheme (which is a community lottery), launched in 2018‐19 saw progress throughout 2020‐21 and reported a ‘surplus’ of £240k if grants made for charitable projects and staff salaries are excluded. This lottery has significant income streams projected for future years which will increase general funds to use on the highest priority projects.

Fund Raising

No one could ever have imagined what 2020/21 would bring for the world. A global pandemic would devastate the world with millions dying and economies across the world devastated. Locally most families know someone who has been impacted by COVID and we have seen the outpouring of a generous local community in support of the NHS. The local community has donated more than £250k and we have received grants of more than £815k from NHS Charities Together.

Income was considerably up on the previous three years and this was reflected in gains in general donations, COVID 19 related grants and donation income and the lottery. The total raised was £2,360k against a target of £1,990k.

As well as financial income the local community donated an incredible amount of in‐kind support from groceries to ready prepared meals. Of particular note was the support given by Tom Kerridge who each week prepared hundreds of meals for staff.

The community lottery has been very popular and despite the impact of COVID on our recruitment have almost managed to maintain ticket numbers despite the usual

attrition. There has been no face to face recruitment for the lottery due to COVID‐19 during 2020/21, and expenses have been much less. The overall net position has therefore been good.

In line with the Trustee vision, we have continued to grow the charity. Our income is almost 30% more than last year and we anticipate increasing it further. Staffing has been increased

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

to build this income with a new Wexham Park and Heatherwood Fundraising Officer being recruited to accelerate growth in Wexham Park and Heatherwood. Plans are in place for 2021/22 to recruit a Marketing and Communications Manager to build awareness of the charity. We will also recruit a Philanthropy Manager to build Major Donor, Trust and Foundation, Corporate and Legacy income, and also an Individual Giving Manager to improve the management of our existing donors. Our intention is also to bring the recruitment of lottery players in house with the recruitment of Canvassers to recruit at the hospital once restrictions have been lifted. The COVID‐19 pandemic brought great hardship to the country and to the NHS and has also focussed the nation’s generosity on supporting NHS Charities. This resulted in grants of over £815k for Frimley Health including £390k for Frimley Health and Care ICS.

Income

The Charity relies on donations, grants, and legacies as its main sources of income, this was £1,607k (2019/20 £1,633k). This category represented 68% of total income (2019/20 88%).

The Charity received £408k in respect of income from the community lottery during 2020/21 (£404k in 2019/20).

Expenditure

Expenditure included staff education and welfare of £731k (2019/20 ‐ £284k) this enabled nursing, medical and support staff to develop their skills by attending courses where innovation and new research ideas can be shared. Such opportunities are over and above the regular Trust programmes of staff development and are made possible through donations received in wards and departments from patients and relatives as a thank you. These funds are also used to support departmental team building events.

During the year the Charity also continued to support a range of other charitable and health related activities benefiting patients both directly and indirectly. The purchases were varied and were of a kind that would not normally be a priority for NHS funding and included the following items in excess of £10k:

The Charity incurred £179k in respect of expenses to support the continued growth of the community lottery as well as supporting other charitable projects during 2020/21 as opposed to £513k in 2019/20. The large drop was directly attributable to a scale back on recruitment due to Covid‐19.

Going Concern

The Trustee has reasonable expectation that Frimley Health Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, there are no material uncertainties about the Charity’s ability to continue as a going concern and the

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

accounts have been prepared on this basis. The Trustees have also considered the implications of COVID‐19 on cash flow forecasts and consider that as a result of its operating model explained within this Annual Report, even if no further funding is received in the 12 month period, the Charity has sufficient cash reserves to pay all committed costs.

6 Investment Policy

The Corporate Trustee has determined the investment policy as being, in so far as reasonable, to maintain and enhance the real value of the Charity’s assets over the long term by an investment portfolio of low risk assets.

7 Reserves Policy

The Trustee’s policy is that funds should be spent when suitable applications arise, rather than that they should be retained indefinitely with the intention of generating investment income. This reflects the fact that the Charity does not generally enter into long‐term commitments. The Trust does however have a level of operating expenditure of £374k (£308k for 2019/20) and the Trustees intend that an amount equal to six months’ worth of expenditure £187k (£154k for 2019/20) be held in reserve to fund forward commitments.

The Charity also has funds which are designed to accumulate funds for a specific appeal and are therefore held until the appeal target is met. These funds are reviewed each year, but for 2020/21 the following are considered as reserved at 31st March:

F028 Stroke Appeal £602,659
F009 NHS Charities Together ICS £324,069
F008 NHS Charities Together £220,716
F030 Frimley Breast Care Appeal £195,082
F035 Paediatric Critical Care Appeal £39,565
F551 Breast Cancer Appeal £29,388
F050 Dementia Campaign £9,246

The policy is reviewed on an annual basis.

8 Future Plans

The Stroke Appeal is now complete and building work will commence in Autumn 2021. We have launched our new Dementia Appeal and plan to raise over £1,100k to improve services for dementia patients across the Trust. Our vision is to transform dementia care at Frimley Health in our hospitals and the community. We want to give dementia patients the best possible care and not be overly anxious when they are admitted to hospital. They will be met by staff from porters to nurses and doctors, who care for them and understand their needs and work hard to put dementia patients at ease. The environment will be transformed and the approach to patients will be individually tailored and informed.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

In line with many other charities, we have introduced contactless donation points across the Trust in the main receptions of the hospitals and will be extending this to a number of wards as a trial. If there is demand from our donors for further contactless donation points, we will then roll this out across other wards. We will continue to grow our lottery and expect the income in 2021/22 to reach £700k should restrictions be lifted early in the year.

Our ambition is to exceed £2,500k in regular income for the charity in 2021/22 and to continue to build for growth. We have a strong team and as our incomes grows will add further team members to stimulate further growth as set out in our strategic plan.

A Big Thank You

On behalf of staff and patients who have benefitted from improved services due to the receipt of donations and legacies, the Corporate Trustee would like to thank all of those who have made charitable donations during the year.

Approved on behalf of the Corporate Trustee

Pradip Patel Chairman

Date: 3[rd] December 2021

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Statement of Financial Activities for the year ended 31 March 2021

Unrestricted
Funds
Note
£000
Income from:
Donations and legacies
3
1,481
Other trading activities
3
429
Charitable activities
4
292
Investments
5
11
Total Income
2,213
Expenditure from:
Raising funds
91
Charitables activities
7
1,140
Total Expenditure
1,231
Net income
982
Net movement in funds
982
Reconciliation of Funds:
Total Funds brought forward 1 April
2,846
3,828
Total Funds carried forward 31 March		 Restricted
Funds
31
£000
126
1
16
4
147
1
69
70
77
77
1,528
1,605		 Total
Funds
March 2021
£000
1,607
430
308
15
2,360
92
1,209
1,301
1,059
1,059
4,374
5,433		 Unrestricted
Funds
£000		 Restricted
Funds
31
£000		 Total
Funds
March 2020
£000
1,159
319
160
13
1,651
46
1,187
1,233
418		 70
99
31
7
207
43
216
259
(52)		 1,229
418
191
20
1,858
89
1,403
1,492
366
418
2,428
2,846		 (52)
1,580
1,528		 366
4,008
4,374

All gains and losses recognised in the current and prior years are included in the Statement of Financial Activities. All amounts relate to continuing operations. There is no material difference between the net movement in funds as stated above and their historical cost equivalents.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Balance Sheet as at 31 March 2021

Unrestricted
Funds
Note
£000
Current Assets:
9
Debtors
430
Investments
2,108
Cash at Bank and in Hand
1,400
Total Current Assets
3,938
Liabilities
10
Creditors: Amounts falling due within one year
135
Net Current Assets
3,803
Total Net Assets
3,803
Total funds of the Charity
11
Restricted Income Funds
Unrestricted Income Funds
3,828
Total Charity Funds
3,828		 Restricted
Total
Funds
Funds
31 March 2021
£000
£000
185
615
903
3,011
600
2,000
1,688
5,626
58
193
1,630
5,433
1,630
5,433
1,605
1,605
3,828
1,605
5,433		 Unrestricted
Funds
£000		 Restricted
Funds
31
£000		 Total
Funds
March 2020
£000
595
1,801
495
2,891
61
2,830
2,830		 320
970
267
1,557
13
1,544
1,544		 915
2,771
762
4,448
74
4,374
4,374
2,846
2,846		 1,528
1,528		 1,528
2,846
4,374

The notes at pages 20 to 27 form part of these financial statements.

The financial statements on pages 17 to 27 were approved by the Corporate Trustee on 3[rd] December 2021 and signed on its behalf by:

Pradip Patel

Chairman

Date: 3[rd] December 2021

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Statement of Cash Flows

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flow from investing activities:
Interest from investments
Proceeds from sale of investments
Purchase of investments
Net cash provided by (used in) operating activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period		 Total
Total
Funds
Funds
2020/21
2019/20
£000
£000
1,463
(340)
15
20
0
0
(240)
(758)
(225)
(738)
1,238
(1,078)
762
1,840
2,000
762

Reconciliation of net income/(expenditure) to net cash flow from operating activites

2020/21 2019/20
£000 £000
Net income / (expenditure) 1,059 366
Adjustments for:
Interest from investments (15) (20)
Decrease / (increase) in debtors 301 (618)
Increase / (decrease) in creditors 119 (68)
Net cash provided by (used in) operating activities 1,463 (340)
Analysis of cash and cash equivalents
2020/21 2019/20
£000 £000
Cash at Bank and in Hand 2,000 762
Total cash and cash equivalents 2,000 762

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Notes to the Accounts

1. Accounting Policies

The financial statements have been prepared on a going concern basis which the

Trustees consider to be appropriate for the following reasons:

In preparing these accounts, the Trustee has considered whether any restatement of comparatives was required to comply with FRS 102 and the Charities SORP (FRS 102),

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors. Unrestricted funds comprise those funds that the Trustee is free to use for any purpose in furtherance of the charitable objects. The funds are disclosed in note 11.

All income must be recognised when entitlement is established, the monetary value can be reliably measured, and the receipt is probable.

Legacies are accounted for as income where the receipt of the legacy is probable; this will be once confirmation has been received from the representatives of the estate(s) that probate has been granted; there are sufficient assets in the estate to pay the legacy and that all the conditions of the legacy have been fulfilled or are within the Charity’s control.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

Gift Aid

Gift Aid is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

e) Expenditure

Expenditure is recognised when a liability is incurred. Grant commitments are recognised when a constructive obligation arises which results in a payment being unavoidable. Grants are only made to related or third party NHS bodies and non‐NHS bodies in furtherance of the charitable objects of the funds. A liability for such grants is recognised when approval has been given by the Corporate Trustee. The Trust has full knowledge of the plans of the Trustee, therefore a grant approval is taken to constitute a firm intention of payment, which has been communicated to the Trust, and so a liability is recognised.

Contractual arrangements are recognised as goods and services are supplied.

f) Irrecoverable VAT

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

Support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration, internal and external audit costs and IT support. Support costs have been apportioned between fundraising costs and charitable activities on the basis of a proportion of total spend. The analysis of support costs and the basis of apportionment applied are shown in note 6.

The costs of raising funds are fundraising expenses and consultancy costs.

i) Charitable Activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the Charity. These costs include an apportionment of overhead and support costs as shown in note 6 and 7.

j) Transfers between funds

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

A transfer between funds is permitted provided the transfer is in keeping with the purpose of the funds and has been agreed by the relevant fund holders in all cases.

Cash at bank and in hand is held to meet the day to day running costs of the Charity as they fall due.

Current asset investments include cash on deposit and cash equivalents with a maturity of less than one year held for investment purposes rather than to meet short‐term cash commitments as they fall due.

Debtors are amounts owed to the Charity. They are measured on the basis of their recoverable amount.

n) Creditors

Creditors are amounts owed by the Charity. They are measured at the amount that the Charity expects to have to pay to settle the debt.

o) Taxation

The Charity is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the Charity’s primary objects, if these profits and surpluses are applied solely for charitable purposes.

Estimates and judgements are periodically evaluated and are based on historical experience and other factors, including, expectations of future events that are believed to be reasonable under the circumstances.

Legacies have been accounted for as income where the receipt of the legacy is considered probable through;

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

As at 31 March 2021, in addition to the legacy income that has been included in the accounts, the Charity expected to benefit from a number of legacies from estates for which these conditions were not met.

The immediate and ultimate parent undertaking and controlling party is Frimley Health NHS Foundation Trust. The Charity results have not been consolidated within the accounts of Frimley Health NHS Foundation Trust on the basis of materiality.

2. Related Party Transactions

The Frimley Health NHS Foundation Trust is the beneficiary of the Charity. The Charity has provided funding to the Trust for approved expenditure made on behalf of the Charity. This funding amounted to £1,209k (2019/20 ‐ £1,403k) and is shown as expenditure from charitable activities.

During the year none of the members of the Foundation Trust’s Board of Directors or key management, staff or person(s) related to them have undertaken any material transactions with, or been beneficiaries of, the Charity.

The amounts owed to the Charity by the Corporate Trustee as at 31 March 2021 was £1k (31 March 2020 £2k). Amounts owed to the Corporate Trustee by the Charity as at 31 March 2021 were £49k (31 March 2020 £42k). There is no security over the balances.

3. Analysis of Donations and Legacies Income

Donations from Individuals
Voluntary Organisations
Corporate Donations
Legacies
Lottery
Total		 Unrestricted
Funds
£000
1067
21
95
318
408		 Restricted
Funds
£000
115
1
7
5
0		 Total
31 March 2021
£000
1182
22
102
323
408		 Unrestricted
Funds
£000
368
3
43
748
316		 Restricted
Total
Funds
31 March 2020
£000
£000
61
429
11
14
6
49
2
750
88
404
168
1,646
1,909 128 2,037 1,478

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

4. Income from Charitable Activities

Run Frimley
Tour de Frimley
Charity Evening
School Events
Run Wexham
Race Wexham
Appeals ‐General
Merchandising
Covid Appeal
Total		 Unrestricted
Funds
£000
0
0
0
0
1
0
100
1
190		 Restricted
Funds
£000
3
0
0
0
0
0
13
0
0		 Total
31 March 2021
£000
3
0
0
0
1
0
113
1
190		 Unrestricted
Funds
£000
0
0
2
0
15
82
55
1
0		 Restricted
Total
Funds
31 March 2020
£000
£000
30
30
0
0
0
2
0
0
0
15
0
82
5
60
2
3
0
0
37
192
292 16 308 155

5. Income from investments

Interest earned on Cash held in
deposit accounts (current asset)
Total		 Unrestricted
Funds
£000
11		 Restricted
Funds
£000
4		 Total
31 March 2021
£000
15		 Unrestricted
Funds
£000
13		 Restricted
Total
Funds
31 March 2020
£000
£000
7
20
7
20
11 4 15 13

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

6. Allocation of Support Costs and Overheads

Financial Services
External Audit
Salaries and related costs
Total
Apportionment of Support Costs
across Charitable Activities stated
in note 7:
Financial Services
External Audit
Salaries and related costs
Total
Apportionment of Support Costs
across Charitable Activities stated
in note 7:
Financial Services
External Audit
Salaries and related costs
Total		 Purchase of new
Equipment
£000
10
1
52		 Basis of
Apportionment
Estimate of time
Invoice
Estimate of time
Staff Education
and Welfare
£000
41
4
225		 Total
31 March 2021
£000
57
6
311		 Total
31 March 2020
£000
54
6
248
374 308
Patient Education
and Welfare
£000
6
1
34		 Total
31 March 2021
£000
57
6
311
63
Purchase of new
Equipment
£000
13
1
61		 270 41 374
Staff Education
and Welfare
£000
18
2
82		 Patient Education
and Welfare
£000
23
3
105		 Total
31 March 2020
£000
54
6
248
76 102 131 308

7. Analysis of Charitable Activities

Activities
Undertaken Directly
£000
Purchase of New Equipment
107
Patient Education and Welfare
70
Staff Education and Welfare
461
Lottery
182
Other
15		 Activities
Undertaken Directly
£000
Purchase of New Equipment
107
Patient Education and Welfare
70
Staff Education and Welfare
461
Lottery
182
Other
15		 Allocation of
Governance Costs
£000
63
41
270
‐
‐		 Total
31 March 2021
£000
170
111
731
182
15		 Activities
Undertaken Directly
£000
136
234
182
513
29		 Allocation of
Total
Governance Costs
31 March 2020
£000
£000
76
212
131
365
102
284
‐
513
‐
29
Total 309
1,403
835 374 1,209 1,094

8. Auditors’ Remuneration

The Auditors’ remuneration was £4,924 excluding VAT and relates directly to work undertaken on the external audit of the Annual Report and Accounts. 2019/20 auditors’ remuneration was also £4,924 excluding VAT.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

9. Analysis of Current Assets

31 March 2021 31 March 2020
Debtors due within one year £000 £000
Other debtors 26 29
Accrued Income 589 886
Prepayments ‐ ‐
Total 615 915
31 March 2021 31 March 2020
Investments £000 £000
COIF Deposit Account 750 516
Bank of Scotland Deposit Account 750 750
Lloyds Deposit Account 750 750
Santander Deposit Account 761 755
Total 3,011 2,771
31 March 2021 31 March 2020
Cash at Bank and In Hand £000 £000
Lloyds Bank Current Account 2,000 762
Barclays Bank Current Account 0 0
Total 2,000 762

10. Analysis of Liabilities

31 March 2021 31 March 2020
Creditors: Amounts falling due within one year £000 £000
Other Creditors 47 42
Accruals 146 32
Total 193 74

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2021

11. Analysis of Charitable Funds

Restricted Umbrella Funds: Balance
Income
Expenditure
Balance
1 April 2020
31 March 2021
£000
£000
£000
£000
Ophthalmic Surgery
Ophthalmic Research
Verona Legacy Fund
Holgate Legacy
Stroke Appeal
Paediatric Critical Care Appeal
Dementia Campaign		 13
0
(3)
10
2
0
0
2
239
1
(11)
229
746
3
(36)
713
484
128
(9)
603
43
31
(34)
40
0
14
(4)
10
Total
Unrestricted Umbrella Funds
Total
TOTAL
Restricted Umbrella Funds:
1,527
177
(97)
1,607
2,847
2,183
(1,204)
3,826
2,847
2,183
(1,204)
3,826
4,374
2,360
(1,301)
5,433
Balance
Income
Expenditure
Balance
1 April 2019
31 March 2020
£000
£000
£000
£000
Ophthalmic Surgery
Ophthalmic Research
Verona Legacy Fund
Holgate Legacy
Stroke Appeal
Paediatric Critical Care Appeal		 10
4
(1)
13
2
0
0
2
305
0
(66)
239
773
4
(31)
746
370
193
(79)
484
120
6
(83)
43
Total
Unrestricted Umbrella Funds
Total
TOTAL
1,580
207
(260)
1,527
2,428
1,651
(1,232)
2,847
2,428
1,651
(1,232)
2,847
4,008
1,858
(1,492)
4,374

12. Events after the end of the reporting period

No post balance sheet events have taken place past the end of the reporting period that require adjustment.

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