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2022-03-31-accounts

ANNUAL REPORT AND ACCOUNTS 2021‐22

Frimley Health Charity Reg. No. 1049600

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

Contents

SECTION ONE

Independent Auditor Report SECTION TWO

Annual Report and Accounts

Contents .......................................................................................................................................... 1
Independent Auditor Report .......................................................................................................... 2
1 Foreword ........................................................................................................................................ 9
2 Structure, Governance and Management .................................................................................... 10
3 Risk Management ......................................................................................................................... 13
4 Objectives and Strategy ................................................................................................................ 13
5 Review of Finances, Achievements and Performance .................................................................. 14
6 Investment Policy .......................................................................................................................... 16
7 Reserves Policy .............................................................................................................................. 17
8 Future Plans .................................................................................................................................. 17
Statement of Financial Activities for the year ended 31 March 2022 .......................................... 19
Balance Sheet as at 31 March 2022 .............................................................................................. 20
Statement of Cash Flows .............................................................................................................. 21
Notes to the Accounts .................................................................................................................. 22

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

SECTION ONE

Independent Auditor Report

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

Independent auditor’s 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 2022 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, 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:

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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.

Fraud and breaches of laws and regulations – ability to detect

Identifying and responding to risks of material misstatement due to fraud

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 there is minimal complexity in revenue recognition or incentives for management to seek to manipulate revenue as commitments are not made in advance of funding being available.

We did not identify any additional fraud risks.

We performed procedures including identifying journal entries to test based on risk criteria and comparing the identified entries to supporting documentation. These included those posted to unusual accounts, unusual cash account combinations, last 5 journals posted in the year and material post year end journals.

Identifying and responding to risks of material misstatement related to 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, through discussion with the trustee and other management (as required by auditing standards), and discussed with the trustee and other management the policies and procedures regarding compliance with laws and regulations.

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

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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 (including related charities legislation), and 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.

Auditing standards limit the required audit procedures to identify non‐compliance with these laws and regulations to enquiry of the trustee and other management and inspection of regulatory and legal correspondence, if any. Therefore if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

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

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:

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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.

Trustee’s responsibilities

As explained more fully in their statement set out on page 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

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

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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, Statutory Auditor

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 25 January 2023

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

SECTION TWO

Annual Report and Accounts

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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 2022. The Charity's Annual Report and Accounts for the year ended 31 March 2022 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 2022

1.4 Independent Auditor

KPMG LLP 15 Canada Square Canary Wharf London E14 5GL

1.5 Solicitor

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 2021/22, 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

Rob Pike Michael O’Donovan Bryan Ingleby Dawn Kenson John Weaver

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

Michael Baxter

Pooja Dewan (appointed 1 May 2021) – Non Voting Debbie Raven (appointed 1 May 2021) – Non Voting

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 Director of Transformation, Innovation and Digital (appointed 30 September 2021) Matt Joint Director of People (appointed 28 June 2021) Eleanor Shingleton‐Smith Acting Director of Human Resources (appointed 1 November 2021) John Seymour Interim Managing Director from December 2021 until April 2022)

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 [the trust deed [and rules] of the charity and][1] charity law, the trustees are responsible for preparing a Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. The trustees are required to prepare the financial statements in accordance with UK Accounting Standards, including 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 incoming resources and application of resources for that period.

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

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

The trustees are required to act in accordance with the trust deed [and the rules] of the charity, within the framework of trust law. They are 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 trustees 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 are responsible for 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, and 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.

[The trustees are responsible for the maintenance and integrity of the financial and other information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.][2]

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:

Members:

John Weaver Non‐Executive Director & Committee Chair Carol Deans Director of Communication and Engagement Edward John Director of Operational Finance Attendees: Lorna Wilkinson Chief of Nursing & Midwifery Debbie Raven Non‐Executive Director Judith Gudgeon Consultant Jeetesh Bhardwa Consultant Philippa Hooton Head of Nursing Medicine & Elderly Care Alison Stevens Corporate Head of Nursing FPH Joanna Hawks Matron, Wexham ED Stuart Bendermacher Matron Emergency Assessments Ann McDonald Associate Director of Finance Aman Jhalli Head of Technical Accounts

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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 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.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

The Charitable Funds Committee continued to support the Trust’s main strategic appeal in 2021‐22:

5 Review of Finances, Achievements and Performance

The net assets of the Charity as at 31 March 2022 were £4,835,000 compared with £5,433,000 as at 31 March 2021, an overall decrease of £598,000.

The total income received was £1,229,000 which represents a decrease of £1,131,000 compared with the previous year (20/21 £2,360,000) and this was largely due to the impact of the pandemic which has continued to restrict events, lottery canvassing, recruitment, and visitors to the hospital. All of this has caused a slump in fundraising, donations and event income.

Total expenditure was £1,827,000, which was an increase of £526,000 on the previous year (2020/21 £1,301,000). Spend on equipment purchases rose to £215,000 (2020/21 £170,000) an increase of £45,000 on the previous year. £223,000 was spent on patient education and welfare (2020/21 £111,000) which was an increase of £112,000 from the previous year. Spending on staff education and welfare decreased by £108,000 to £623,000 (2020/21 £731,000).

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

The Charity Lottery scheme (which is a community lottery), launched in 2018‐19 saw progress throughout 2021‐22 and reported a ‘surplus’ of £102,000 if grants paid 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

In 2021/22 the impact of the pandemic has continued to restrict events, lottery canvassing, recruitment, and visitors to the hospital. All of this has caused a slump in fundraising,

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

donations and event income. This has been felt across the third sector with many charities facing extremely difficult times. In 2020/21 we managed to secure some significant funding which was due to the huge groundswell of support for the NHS, but in 2021/22 with ongoing restrictions our income has been severely hit. With the emergence of the Omicron variant we had further restrictions in the early part of 2022. Over two years since COVID‐19 was first reported there is the glimmer of hope that restrictions could be lifted, but also concerns that further variants could bring a return of those restrictions. Masks are still worn in hospitals and illness due to COVID is placing enormous strain on the NHS.

Not only was income impacted but also COVID‐19 has caused the ‘Great Resignation’ as many people took time out to evaluate their lives. Recruitment in 2021/22 has been tough and delayed posts being filled until 2022. We also had two members of the team leave (September 2021) and again their replacements will only be made in 2022 due to the difficulties with recruitment. These difficulties with recruitment have impacted our income and in 2022/23 as new members of the team are secured so we are already seeing the impact on income.

We have successfully spent almost £0.8m on the staff welfare projects and the regional Frimley Health and Care ICS project over the past 12‐15 months. The impact has been clearly felt across the Trust with many clinical teams thrilled with the transformation of their areas for relaxation when not on duty. Patients are surrounded by a peaceful calming environment and this combined with great clinical care is impacting recovery and wellbeing. The community lottery continues to be very popular and income for 2021/22 was £402,000. We have now over 10,000 tickets/week. If income remains static then we could expect £500‐ 600,000 income but with continued growth we would expect this to be £600‐700,000 in 2022/23. Also we have just recruited our own canvassers which has been planned for over 2 ½ years. This will dramatically improve our net position for the lottery as costs for recruitment of players will be reduced significantly.

Income for 2021/22 was £1.2m which as mentioned above was a huge decrease from the previous year but we expect a turnaround in the first quarter of 2022/23. This has been down to some significant legacy pledges and also the growth in lottery income. With further fundraising through the 2022/23 year means that we are expecting income to head back towards the target of £2.4m.

Income

The Charity relies on donations, grants, and legacies as its main sources of income, this was £625,000 (2020/21 £1,607,000). This category represented just over half of total income at 51% but was down on the previous year (2020/21 68%). This was mainly due to inflated numbers due to public generosity during Covid in 2020/21.

The Charity received £402,000 in respect of income from the community lottery during 2021/22 (£408,000 in 2020/21).

Expenditure

Expenditure included staff education and welfare of £623,000 (2020/21 ‐ £731,000) this enabled nursing, medical and support staff to develop their skills by attending courses

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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 £10,000:

The Charity incurred £285,000 in respect of expenses to support the continued growth of the community lottery as well as supporting other charitable projects to the sum of £82,000 during 2021/22 as opposed to £179,000 in 2020/21. The increase was on the previous year was reflective of recovery from Government restrictions put on by 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 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.

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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 £406,000 (£374,000 for 2020/21) and the Trustees intend that an amount equal to six months’ worth of expenditure £203,000 (£187,000 for 2020/21) 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 2021/22 the following are considered as reserved at 31st March:

F028 Stroke Appeal £612,185
F030 Frimley Breast Care Appeal £184,678
F050 Dementia Campaign £85,621
F009 NHS Charities Together ICS £66,219
F551 Breast Cancer Appeal £46,515
F035 Paediatric Critical Care Appeal £30,069
F008 NHS Charities Together £18,130

The policy is reviewed on an annual basis.

8 Future Plans

The Stroke Appeal is complete and building on the extension to the Stroke Unit is expected to be completed by the end of 2022. This will make a significant difference to the lives of Stroke patients. We have now relaunched the Dementia Appeal and as of July 2022 over £200,000 has been raised towards a target of £850,000. 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.

As the Lottery has grown (we now have 10,000 tickets/week in the lottery) we are making significant changes to its management. Firstly, we have recruited our own canvassers who will start work in August 2022. This will improve significantly the ROI for this income stream. Secondly, we will be moving from a lottery to a raffle. This will improve chances of winning the top prizes.

With additional staff we have been able to start developing new income. We are planning new legacy events for 2022/23 and have already started to distribute bookmarks across the

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

Trust with basic information about legacies and promoting this way of giving. We also expect our event income to top £200,000 in 2022/23 with the recruitment of a new Events Manager. We also expect Major Donor income to rise with the appointment of a new Philanthropy Manager.

The future for the charity is looking very positive at present with rising income after the difficulties of the pandemic, and a fully engaged, enthusiastic and experienced team.

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: 13[th] January 2023

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Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

Statement of Financial Activities for the year ended 31 March 2022

Unrestricted
Funds
Note
£000
Income from:
Donations and legacies
3
473
Other trading activities
3
441
Charitable activities
4
155
Investments
5
5
Total Income
1,074
Expenditure from:
Raising funds
122
Charitables activities
7
563
Total Expenditure
685
Net income
389
Net movement in funds
389
Reconciliation of Funds:
Total Funds brought forward 1 April
3,828
4,217
Total Funds carried forward 31 March		 Restricted
Funds
31
£000
152
0
0
3
155
(22)
1,164
1,142
(987)
(987)
1,605
618		 Total
Funds
March 2022
£000
625
441
155
8
1,229
100
1,727
1,827
(598)
(598)
5,433
4,835		 Unrestricted
Funds
£000		 Restricted
Funds
31
£000		 Total
Funds
March 2021
£000
1,481
429
292
11
2,213
91
1,140
1,231
982		 126
1
16
4
147
1
69
70
77		 1,607
430
308
15
2,360
92
1,209
1,301
1,059
982
2,846
3,828		 77
1,528
1,605		 1,059
4,374
5,433

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 2022

Balance Sheet as at 31 March 2022

Unrestricted
Funds
Note
£000
Current Assets:
9
Debtors
271
Investments
1,047
Cash at Bank and in Hand
2,101
Total Current Assets
3,419
Liabilities
10
Creditors: Amounts falling due within one year
83
Net Current Assets
3,336
Total Net Assets
3,336
Total funds of the Charity
11
Restricted Income Funds
Unrestricted Income Funds
3,427
Total Charity Funds
3,427		 Restricted
Total
Funds
Funds
31 March 2022
£000
£000
122
393
471
1,518
944
3,045
1,536
4,955
38
121
1,499
4,835
1,499
4,835
1,408
1,408
3,427
1,408
4,835		 Unrestricted
Funds
£000		 Restricted
Funds
31
£000		 Total
Funds
March 2021
£000
430
2,108
1,400
3,938
135
3,803
3,803		 185
903
600
1,688
58
1,630
1,630		 615
3,011
2,000
5,626
193
5,433
5,433
3,828
3,828		 1,605
1,605		 1,605
3,828
5,433

The notes at pages 22 to 29 form part of these financial statements.

The financial statements on pages 19 to 29 were approved by the Corporate Trustee on 13[th] January 2023 and signed on its behalf by:

Pradip Patel

Chairman

Date: 13[th] January 2023

Page 20 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

Statement of Cash Flows

Total Total
Funds Funds
2021/22 2020/21
£000 £000
Cash flows from operating activities: (457) 1,463
Net cash provided by (used in) operating activities
Cash flow from investing activities:
Interest from investments 8 15
Proceeds from sale of investments 1,500 0
Purchase of investments (6) (240)
Net cash provided by (used in) operating activities 1,502 (225)
Change in cash and cash equivalents in the reporting period 1,045 1,238
Cash and cash equivalents at the beginning of the reporting period 2,000 762
Cash and cash equivalents at the end of the reporting period 3,045 2,000
Reconciliation of net income/(expenditure) to net cash flow from operating activites
2021/22 2020/21
£000 £000
Net income / (expenditure) (598) 1,059
Adjustments for:
Interest from investments (8) (15)
Decrease / (increase) in debtors 222 301
Increase / (decrease) in creditors (72) 119
Net cash provided by (used in) operating activities (457) 1,463
Analysis of cash and cash equivalents
2021/22 2020/21
£000 £000
Cash at Bank and in Hand 3,045 2,000
Total cash and cash equivalents 3,045 2,000

Page 21 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

Notes to the Accounts

1. Accounting Policies

a) Basis of preparation

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),

c) Funds Structure

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.

Page 22 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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.

Page 23 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

j) Transfers between funds

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.

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:

Page 24 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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 £1,808,000 (2020/21 ‐ £1,209,000) 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 £2,714 (31 March 2020 £1,153). Amounts owed to the Corporate Trustee by the Charity as at 31 March 2021 were £47,966 (31 March 2020 £49,190). There is no security over the balances.

3. Analysis of Donations and Legacies and Other Trading Activities

Unrestricted
Funds
£000		 Restricted
Funds
£000		 Total
31 March 2022
£000		 Unrestricted
Funds
£000		 Restricted
Funds
£000		 Total
31 March 2021
£000
Donations from Individuals
Voluntary Organisations
Corporate Donations
Legacies
Lottery		 336
39
4
133
402		 44
‐
‐
108
‐		 380
39
4
241
402		 1,067
21
95
318
408		 115
1
7
5
‐		 1,182
22
102
323
408
Total 1,066 128
914 152 1,909 2,037

Page 25 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

4. Income from Charitable Activities

Run Frimley
Run Wexham
Race Wexham
Appeals ‐General
Merchandising
Covid Appeal
Total		 Unrestricted
Funds
£000
‐
‐
‐
152
2
1		 Restricted
Funds
£000
‐
‐
‐
‐
‐
‐		 Total
31 March 2022
£000
‐
‐
‐
152
2
1
155		 Unrestricted
Funds
£000
‐
1
‐
100
1
190		 Restricted
Total
Funds
31 March 2021
£000
£000
3
3
‐
1
‐
‐
13
113
‐
1
‐
190
16
308
155 ‐ 292

5. Income from investments

Interest earned on Cash held in
deposit accounts (current asset)
Total		 Unrestricted
Funds
£000
5		 Restricted
Funds
£000
3		 Total
31 March 2022
£000
8		 Unrestricted
Funds
£000
11		 Restricted
Total
Funds
31 March 2021
£000
£000
4
15
4
15
5 3 8 11

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
71		 Basis of
Apportionment
Estimate of time
Invoice
Estimate of time
Staff Education
and Welfare
£000
29
4
205		 Total
Total
31 March 2022
31 March 2021
£000
£000
50
57
6
6
350
311
406
374
Patient Education
Total
and Welfare
31 March 2022
£000
£000
11
50
1
6
74
350
82 238 85
406
Patient Education
Total
and Welfare
31 March 2021
£000
£000
6
57
1
6
34
311
Purchase of new
Equipment
£000
10
1
52		 Staff Education
and Welfare
£000
41
4
225
63 270 41
374

Page 26 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

7. Analysis of Charitable Activities

Activities
Undertaken Directly
£000
Purchase of New Equipment
133
Patient Education and Welfare
138
Staff Education and Welfare
385
Lottery
285
Other
54
Grants Payable
326
Total
1,321		 Activities
Undertaken Directly
£000
Purchase of New Equipment
133
Patient Education and Welfare
138
Staff Education and Welfare
385
Lottery
285
Other
54
Grants Payable
326
Total
1,321		 Allocation of
Governance Costs
£000
82
85
238
‐
‐
‐		 Total
31 March 2022
£000
215
223
623
285
54
326		 Activities
Undertaken Directly
£000
107
70
461
182
15
‐		 Allocation of
Total
Governance Costs
31 March 2021
£000
£000
63
170
41
111
270
731
‐
182
‐
15
‐
‐
374
1,209
1,321 406 1,727 835

8. Auditors’ Remuneration

The Auditors’ remuneration was £5,000 excluding VAT and relates directly to work undertaken on the external audit of the Annual Report and Accounts. 2021/22 auditors’ remuneration was also £5,000 excluding VAT.

9. Analysis of Current Assets

31 March 2022
Debtors due within one year
£000
Other debtors
3
Accrued Income
390
Prepayments
‐
Total
393
31 March 2022
Investments
£000
COIF Deposit Account
750
Bank of Scotland Deposit Account
‐
Lloyds Deposit Account
‐
Santander Deposit Account
768
Total
1,518
31 March 2022
Cash at Bank and In Hand
£000
Lloyds Bank Current Account
3,045
Barclays Bank Current Account
‐
Total
3,045		 31 March 2021
£000
26
589
‐
615
31 March 2021
£000
750
750
750
761
3,011
31 March 2021
£000
2,000
‐
2,000

Page 27 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

10. Analysis of Liabilities

31 March 2022 31 March 2021
Creditors: Amounts falling due within one year £000 £000
Other Creditors 48 47
Accruals 73 146
Total 121 193

11. Analysis of Charitable Funds

Restricted Umbrella Funds: Balance
Income
Expenditure
Balance
1 April 2021
31 March 2022
£000
£000
£000
£000
Nhs Charities Together
Nhs Charities Together Ics
Fleet Hospital Legacy
Verona Legacy Fund (R)
Dementia Care
Opthalmic Surgery (R)
Holgate Legacy (R)
Ophthalmology Research (R)		 221
‐
(203)
18
324
43
(301)
66
375
91
(69)
397
229
‐
(13)
216
9
‐
(1)
8
10
19
(3)
26
713
1
(39)
675
2
‐
‐
2
Total
Unrestricted Umbrella Funds
Total
TOTAL
Restricted Umbrella Funds:
1,883
154
(629)
1,408
3,552
1,074
(1,199)
3,427
3,552
1,074
(1,199)
3,427
5,435
1,228
(1,828)
4,835
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		 13
0
(3)
10
2
0
0
2
239
1
(11)
229
746
3
(36)
713
484
128
(9)
603
43
31
(34)
40
Dementia Campaign
Total
Unrestricted Umbrella Funds
Total
TOTAL		 0
14
(4)
10
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

Page 28 of 29

Trustee’s Annual Report for Frimley Health Charity for the year ended 31 March 2022

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.

Page 29 of 29