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2023-03-31-accounts

Isle of Wight NHS Trust Charity Annual Report and Accounts

Year Ended: 31 March 2023 Registered Charity No. 1049606

Welcome

Melloney Poole, Chair of Trustees

I am very pleased to present the Annual Report and Accounts for the Isle of Wight NHS Charity for 2022/23.

I am delighted to extend my heartfelt thanks to all members of the Island community who have supported the Charity, and by extension the Isle of Wight NHS Trust this year.

We are very grateful for all the donations we have received. Projects and purchases supported by the Charity this year have delivered significant benefits to our patients and their families, and to the staff who helped to treat and care for them.

Here on the Island the Charity has also benefitted from grants made by NHS Charities Together, which channels nationally raised money into local NHS charitable funds. We have been able to extend and enhance measures to help protect and promote the wellbeing of our staff as they continue to manage the effects of high demand for our Trust services.

Knowing that the Charity exists, and will devote its resources to the good of the Trust, its employees, and its users, is a great comfort. The Island community’s ongoing commitment to supporting the Charity is very gratefully received, and we look forward to using your donations to maximum effect for the benefit of our patients and staff.

Thank you.

Best wishes,

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Who we are

Isle of Wight NHS Trust Charity is a registered charity, number 1049606. We exist to raise funds and receive donations for the benefit of the NHS. By securing donations, legacies, and sponsorship, the Isle of Wight NHS Trust Charity can make a real difference to patients, their families and the staff who look after them.

We would like you to support us in our crucial work so please read on and let us tell you more about ourselves, what we do, what we have achieved and how we go about spending the money given to us.

What we aim to do: our objectives and activities

Our aims

By raising new money and careful management of our existing funds, the Isle of Wight NHS Trust Charity provides a public benefit to serve the population of the Island by:

Our objectives are

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What we have achieved: highlights from the activities undertaken in the year

In order to disburse its funds lawfully, responsibly and appropriately the Charity takes account of charity law, the Charity constitution, and the wishes and directions of donors. We endeavour to reflect the wishes of patients and staff by directing funds towards areas that they tell us are most in need. During the year 2022/23, £221,000 was spent. When considering where to focus its attention, our corporate trustee board (the Charity Board) has regard to the Charity Commission for England and Wales’s guidance on public benefit.

The Charity receives some donations and legacies that can be used for any charitable purpose relating to the Trust. During the year, the funds continued to support our patients and service users by providing equipment and services which go beyond the care that the Trust is funded by the state to provide. We assist patients from every walk of life, irrespective of race, creed, ethnicity or financial circumstances. We helped our patients and service users, their families and carers, and visitors to our sites by enhancing the care that the Trust’s services can offer through, amongst other things, better facilities, and investing in the people who work in the Trust, to create a caring environment for the patients and service users receiving care, their families and visitors.

We did this through a range of programmes funded by donations and legacies, and grants from NHS Charities Together. Highlights of how our funds were spent are detailed below to give you a wider understanding of the difference we can make together to lives today and in the future.

Patients’ Welfare & Amenities

In 2022/23 most of our spend was on numerous smaller value items including defibrillator cabinets, a bench, contributions to a first wig for cancer patients, weighing machine, memory box items, patient literature.

NHS Charities Together

We invested the second instalment of £59,723 in a Dementia Navigator programme providing support to patients suffering with dementia and their families thanks to a grant from NHS Charities Together. We were also successful in obtaining a grant of £30,000 to develop fundraising materials and promote charity awareness.

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Friends of St Mary’s

During the year the Friends of St Mary’s donated nearly £20,000 to the hospital for the purchase of specific items of equipment to enhance the care and support the Trust can give to patients.

Staff benefits

The ward charitable funds receive many donations specifically given to thank the staff for the care of a loved one. These funds are used for training, morale boosting facilities or amenities which strengthen the Trust staff’s capacity to serve their patients well.

An example of such benefits supported by the Charity included:

How we funded our work, our achievements and our performance

The following figures are taken from the full accounts, which can be found after this annual report. We explain how we raised the money and how we spent it.

Net assets

The net assets of the Charity as at 31 March 2023 were £314,000 (compared with £355,000 on 31 March 2022). This is a decrease of £41,000 during the year, which was largely due to the reduction of donations received.

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Money received: sources of funds

Donations

Almost all of our income comes from the voluntary efforts of the general public. Our largest source of income is donations given by the public, mainly grateful patients, service users, and their families, and local companies keen to support their local community.

In 2022/23 we received £2,250 for the refurbishment of the summer house at St Marys Hospital pond, £2,000 from a grateful patient for Cancer Nurse Specialists and £1,800 from Isle of Wight Film Fixers for the Santa’s Grotto.

Legacies

We are always very grateful for the gifts left in a will or donations made in memory of a loved one.

During the year we received £5,000 for the Eye Department and £5,000 for Cancer Nurse Specialists.

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Grants

We are grateful to other organisations and charities that have given us grants to fund particular projects or pieces of equipment. In 2022/23 we received total grants of £63,000 (2021/22: £140,000). This included the second instalment of

£59,723 from NHS Charities Together Community Grant towards the Dementia Navigators project delivered by Age UK and £2,800 from Wight Aid for Children in Care.

Investments

Cash is held within the Charities Official Investment Fund (COIF) specifically designed for charities. This earns a competitive investment income return during the year, and, as a result, we received a very small amount of interest that we have been able to invest.

Money spent: What we spent our money on

Of the total expenditure, £221,000 was spent on direct charitable activity across a range of programmes, compared with £432,000 last year.

Grant income decreased this year, and we are spending the remainder of grants that we received in 2020/21 and 2022/23 from NHS Charities Together.

Patient Welfare & Amenities

We spent a total of £136,000 on patient welfare and amenities. Among numerous other schemes of smaller amounts, we were able to provide:

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Staff Welfare & Amenities

We spent £28,000 on staff welfare and amenities.

 £12,000 ‘Caring for your Teams’ professional coaching for managers

 £3,000 on event hire locally to enable staff well being events to be held

 Remaining balance was spent on numerous items across various funds to improve staff amenities and wellbeing

Staff Education

In 2022/23 £53,113 was spent on staff education. Nine members of Trust staff received grants totalling £20,000. This enabled them to undertake developmental training not funded by the NHS. They were able to update their specialty knowledge, skills and techniques to help them undertake their professional duties more effectively.

Performance against objectives

We are committed to achieve value for money on the funds that we spend. Applications for general funds must address questions about the objectives, impact and success criteria of the proposed project. The Charity undertakes a brief review of a sample of schemes to ensure that the intended benefits, particularly the enhancement of care for patients and staff, have been met.

Due to the on-going impact of the Covid-19 pandemic fundraising in the year centred on donations and legacies. Therefore the objectives for the year have not been achieved as planned. There have been no complaints about fundraising activity this year.

In the coming year the development of wider fundraising campaigns will be reviewed, along with consideration of the employment of a fundraiser to raise the profile of the Charity. When active fundraising re-commences, fundraising practice and guidance which is compliant with the Fundraising regulator’s Code of Fundraising Practice will be issued to fundraisers. We will continue to review our fundraising targets and plans especially with the increasing cost of living at the end of the current financial year.

What we plan to do with your donations: our future plans

We review our spending priorities for the Charity annually and align them with the Charity’s purpose. We determine our fundraising target and encourage our community to support us by making a gift.

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As we emerge from restrictions in holding face to face activities, the focus for the coming year will include:

We expect to continue to receive money from NHS Charities Together as it deploys its own fundraising strategy.

Our reserves policy

The Charity Board has established a reserves policy. We have agreed that the level of the reserves should be a minimum of £200,000, which is equal to approximately one year’s operational costs and estimated annual commitments. This amount can be revised at any time according to relevant circumstances.

The free reserves currently stand at £314k and are calculated as follows:

Unrestricted Reserves – General Fund £22k
Unrestricted Reserves – Designated Fund £146k
Restricted Reserves £146k
Total Reserves £314k

The Charity Board will make every effort to spend designated funds within a reasonable period of receipt. Designated funds not spent within a reasonable period are reviewed and the likelihood that funds will be committed soon considered. Where the designated funds are no longer required, the fund will be closed and transferred to reserves. The Charity expects to utilise as much of the available funds as possible in furtherance of its objectives.

About our investment

Cash is held within the Charities Official Investment Fund (COIF) specifically designed for charities which obtains a competitive investment income return during the year. The movement in interest rates affects the income received.

How we organise our affairs: reference and administrative details

The Charity, Registered Number 1049606, was entered on the Central Register of Charities on 4 October 1995.

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It operates as the umbrella Charity of the Isle of Wight NHS Trust. Within this umbrella are the individual designated funds that relate to the various wards, departments and special projects within the Trust.

With effect from 1 April 2012, the Isle of Wight NHS Trust became the corporate trustee of the Isle of Wight NHS Trust Charity. The voting directors of the Trust act together rather than individually and are referred to as the Trustees in this Annual Report of the Charity. They act in accordance with the laws applicable to Trusts, principally the Trustee Act 2000 and the Charities Act 2011.

How to contact us

The charity office and principal address is:

Charitable Funds Isle of Wight NHS Trust St Mary’s Hospital Newport Isle of Wight PO30 5TG

Tel: 01983 822099 x 6274

The corporate trustee principal address is:

Chief Executive Isle of Wight NHS Trust St Mary’s Hospital Newport Isle of Wight PO30 5TG

Tel: 01983 822099

The Isle of Wight NHS Trust is the sole corporate trustee of the charity. The corporate trustee’s responsibilities are therefore carried out by the voting members of the Trust’s board of directors. The Board is appointed in accordance with the Trust’s standing orders. Details of the Isle of Wight NHS Trust board membership can be found in its annual report and accounts and on its website.

The Trust Board has formed a Charity Board to undertake the duties relevant to the Charity. The Charity Board delegates responsibility for the day to day management of the charity to the Charitable Funds Assurance Committee, which is made up of officers of the Trust, and the Director of Governance and Risk in accordance with the Charity’s scheme of delegation and standing financial instructions.

All members of the Charity Board are provided with an induction and appropriate training on what it means to be a corporate trustee. Newly appointed members of the Trust Board are provided with copies of the Charity’s annual report and accounts,

9

minutes, and information about trusteeship, including Charity Commission booklet CC3, The Essential Trustee. Members of the Charity Board are not individual trustees under Charity Law but act as agents on behalf of the corporate trustee.

The names of those people who served as trustees for the Charity during the year ended 31 March 2023, as permitted under regulation 16 of the NHS Trusts (Membership and Procedures) Regulations 1990 were members of the Trust Board as follows:

Melloney Poole Chair Darren Cattell Chief Executive Jo Gooch Director of Finance Steve Parker Medical Director Lois Howell Director of Governance & Risk Juliet Pearce Director of Nursing, Midwifery, AHPs & Community Service Kemi Adenubi Non-Executive Director (until 28.01.23) Tim Peachey Non-Executive Director Debbie Beaven Non-Executive Director Phil Berrington Non-Executive Director Inga Kennedy Non-Executive Director Sara Weech Non-Executive Director (from 28.01.23)

Under a scheme of delegated authority approved by the Charity, the Fund Managers have authority to approve all expenditure up to £1,000. Anything above this limit will follow the process defined in the Charity’s Standing Financial Instructions.

Advisers

The Charity Board and any officers to whom authority has been delegated are assisted by a number of professional advisers, as detailed below.

Bankers Independent Examiner Barclays Bank PLC Ernst & Young LLP St James Square Grosvenor House Newport Grosvenor Square Isle of Wight Southampton SO15 2BE Tel: 01983 276130 Tel: 023 8038 2231

Investment Company COIF Investment Management Ltd COIF Charity Funds 80 Cheapside London EC2V 6DZ

Tel: 020 7489 6010

10

Structure, Governance and Management

The Charity’s fund was established using the model Declaration of Trust and all funds held on trust as at the date of registration were either part of an unrestricted fund or registered as separate restricted funds under the main charity. Subsequent donations and gifts received by the Charity that are attributable to the original funds are added to those fund balances.

The corporate trustee fulfils its legal duty by ensuring that funds are spent in accordance with the objects of each fund and by designating funds the corporate trustee respects the wishes of our generous donors to benefit patient care and advance the good health and welfare of patients, carers and staff. The corporate trustee has given due consideration to Charity Commission’s published guidance on the operation of the public benefit requirement.

The charitable funds available for spending are allocated to specialties within the Trust’s management structure. Each allocation is managed by use of a designated fund within the general unrestricted fund. For example, there are charitable funds for Respiratory, Coronary Care Unit, Chemotherapy etc., plus funds for numerous other services. This maintains a clear focus on different patients and patient conditions treated at the hospital sites and enables donor wishes to be more easily respected.

Mrs Katie Parrott, Senior Financial Accountant, acted as the principal officer overseeing the financial management and accounting for the Charity during the year. Mrs Laura Barnes undertook the day to day duties.

Members of the Charity Board and key staff working with the Charity are required to complete an annual declaration of interest form (including a nil return, where applicable). All relevant interests are registered with the Director of Governance and Risk, as the lead director for the Charity. Trustees are required to withdraw from decisions where a conflict of interest arises.

Risk Management

As part of the business planning for the Charity, the Charity Board has considered the major risks to which the Charity is exposed. It has reviewed systems and identified steps to mitigate the major risks to which the Charity is exposed.

Partnership Working and Networks

The Isle of Wight NHS Charity is one of over 400 NHS linked charities in England and Wales who are eligible to join NHS Charities Together. As a member charity, we can discuss matters of concern, and exchange information and experience. As a member of NHS Charities Together we have been grateful to receive grants from the national emergency appeal.

The Isle of Wight NHS Trust is the main beneficiary of the charity and is a related party by virtue of being corporate trustee of the Charity. By working in partnership with the Trust, the charitable funds are used to best effect. When deciding upon the most beneficial way to use charitable funds, the Charity Board has regard to the main activities, objectives, strategies and plans of the Trust.

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We remain indebted to the work of the volunteers of the Isle of Wight Friends of St Mary’s, who raise thousands of pounds each year for St Mary’s Hospital and to the many members of staff who give up much of their spare time to fund raise. On behalf of the staff and patients who have benefited from improved services due to donations and legacies, the Charity Board would like to thank all patients, relatives and staff who have made charitable donations.

Approved on behalf of the Corporate Trustee:

Signed Date: 19 January 2024 Signed Date: 19 January 2024

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How to get involved

Thank you to everyone who continues to support our work, NHS staff and the people they care for.

13

Statement of Corporate Trustee Responsibilities

The Corporate Trustee is responsible for:

establishing arrangements for the prevention and detection of fraud and - corruption.

The Corporate Trustee is required under the Charities Act 2011 and the National Health Service Act 1977 to prepare accounts for each financial year. The Secretary of State, with the approval of the Treasury, directs that these accounts give a true and fair view of the financial position of the funds held on trust, in accordance with the Charities Act 2011. In preparing those accounts, the trustees are required to:

prepare the financial statements on the going concern basis unless it is - inappropriate to presume that the charity will continue in business.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention or detection of fraud and other irregularities

The Corporate Trustee confirms that they have met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out on pages 15 - 33 attached have been compiled from and are in accordance with the financial records maintained by the trustees.

Signed on behalf of the Corporate Trustee: Date: 19 January 2024

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Statement of Financial Activities for the year ended 31 March 2023

Note
Income and Endowments from:-
Donations & Legacies
4
Charitable Activities
Other Trading Activities
Investment income
6
Other
Total incoming resources
Resources expended
Raising Funds
7
Charitable activities
8
Patient Welfare & Amenities
Staff Welfare & Amenities
Staff Education - Courses & Resources
Other
Total resources expended
Net (outgoing)/incoming resources before transfers
Transfers:-
Gross transfers between funds
19
Net (outgoing)/incoming resources before other
recognised gains and losses
Other recognised gains and losses
Gains on revaluation of fixed assets for charity's own use
Gains/losses on investment assets
Acturial gains/losses on defined benefit pension schemes
Net Movement in Funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 Unrestricted
Funds
£000
100
0
0
6
7
113
0
69
11
52
3
135
(22)
0
(22)
0
0
0
(22)
190
168		 Restricted
Funds
£000
7
0
0
0
60
67
0
67
17
2
0
86
(19)
0
(19)
0
0
0
(19)
165
146		 Endowment
Funds
£000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 2021-22
Total
Total
Funds
Funds
£000
£000
107
74
0
0
0
0
6
0
67
66
180
140
0
0
136
320
28
75
54
37
3
0
221
432
(41)
(292)
0
0
(41)
(292)
0
0
0
0
0
0
(41)
(292)
355
647
314
355

15

Balance Sheet as at 31 March 2023

Notes
Fixed Assets
Investments
14
Total Fixed Assets
Current Assets
Debtors
15
Short term investments and deposits
Cash at bank and in hand
16
Total Current Assets
Liabilities
Creditors: Amounts falling due
within one year
17
Net Current Assets
Total Assets less Current Liabilities
Creditors: Amounts falling due
after more than one year
Total Net Assets
Funds of the Charity
Expendable Endowment Funds
Restricted Income Funds
Unrestricted Income Funds
Total Funds		 Unrestricted
Funds
£000
155
155
34
0
10
44
31
13
168
0
168
0
0
168
168		 Restricted
Funds
£000
130
130
10
0
30
40
24
16
146
0
146
0
146
0
146		 Endowment
Funds
£000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0		 Total at 31
March 2023
£000
285
285
44
0
40
84
55
29
314
0
314
0
146
168
314		 Total at 31
March 2022
£000
285
285
23
0
107
130
60
70
355
0
355
0
165
190
355

The notes at pages 17 to 33 form part of these accounts.

Signed: Chair

19 January 2024

Signed:

19 January 2024

Chief Executive Officer

16

Statement of Cash Flow at 31 March 2023

Notes
Cash Flows from operating activities:
Net cash provided by (used in) operating activities
Cash Flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting
18
period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the reporting
period		 Total at 31
Total at 31
March 2023
March 2022
£000
£000
(73)
(264)
6
0
6
0
(67)
(264)
107
371
40
107

17

Notes to the Accounts

1 Accounting Policies

1.1 Basis of Preparation

The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at fair value.

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The Corporate Trustee considers that there are no material uncertainties about the IOW NHS Trust Charitable Funds ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

In future years, the key risks to the Charity are a fall in income from donations.

The Charity is a public benefit entity.

1.2 Reconciliation with previous generally accepted accounting practice

In preparing these accounts, the Corporate Trustee has considered whether any restatement of comparatives was required to comply with FRS 102 and the Charities SORP FRS 102. No restatements were required although there has been a change in the analysis of governance costs.

Previously, these had been separately analysed on the face of the statement of financial activity. Governance costs are now classified as a support costs and have therefore been apportioned between fundraising activities and charitable activities. The analysis of support costs is shown in Note 10.

1.3 Structure of funds

Where there is a legal restriction on the purpose to which a fund may be put, the fund is designated in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the Trustees have chosen to earmark for set purposes are designated funds. The major funds held in these categories are disclosed on notes 20.1 and 20.2.

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1.4 Incoming Resources

b) Legacies

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

1.5 Resources expended and irrecoverable VAT

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

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

The cost of generating funds are the costs associated with generating income for the funds held on trust.

b) Grants payable

Grants payable are payments, made to third parties (including NHS bodies) in the furtherance of the funds held on trust's charitable objectives to relieve those who are sick. They are accounted for on an accruals basis where the conditions for their payment have been met or where a third party has a reasonable expectation that they will receive the grant. This includes grants paid to NHS bodies.

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These are accounted for on an accruals basis and are recharges of appropriate proportions of the costs from the Isle of Wight NHS Trust, apart from the audit fee.

1.6 Fixed Assets

The only fixed assets that the Fund has are investment assets.

1.7 Investment Fixed Assets

Investment fixed assets are shown at market value.

Other investment fixed assets are included at trustees' best estimate of market value.

1.8 Debtors

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

1.9 Cash and cash equivalents

Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due. Cash equivalents are short term, highly liquid investments, usually in 90 day notice interest bearing savings accounts.

1.10 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.

Amounts which are owed in more than a year are shown as long term creditors.

1.11 Realised gains and losses

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

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1.12 Value Added Tax (VAT)

No income is generated by the charity which includes VAT. Purchases made by the charity are subject to VAT. Purchases of a medical nature are liable to zero rated VAT when purchased by the charity and VAT zero rated certificates are sent when ordering these goods.

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

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2 Prior year comparatives by type of fund

2.1 Unrestricted Funds - Statement of Financial Activities for the year ended 31 March 2023

Income and Endowments from:-
Donations & Legacies
Charitable Activities
Other Trading Activities
Investment income
Other
Total incoming resources
Resources expended
Raising Funds
Charitable activities
Patient Welfare & Amenities
Staff Welfare & Amenities
Staff Education - Courses & Resources
Other
Total resources expended
Net (outgoing)/incoming resources before transfers
Transfers:-
Gross transfers between funds
Net (outgoing)/incoming resources before other
recognised gains and losses
Other recognised gains and losses
Gains on revaluation of fixed assets for charity's own use
Gains/losses on investment assets
Acturial gains/losses on defined benefit pension schemes
Net Movement in Funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 2022-23
2021-22
£000
£000
100
53
0
0
0
0
6
0
7
6
113
59
0
0
69
52
11
36
52
27
3
0
135
115
(22)
(56)
0
0
(22)
(56)
0
0
0
0
0
0
(22)
(56)
190
246
168
190

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2.1 Unrestricted Funds - Balance Sheet as at 31 March 2023

Fixed Assets
Investments
Total Fixed Assets
Current Assets
Debtors
Short term investments and deposits
Cash at bank and in hand
Total Current Assets
Liabilities
Creditors: Amounts falling due
within one year
Net Current Assets
Total Assets less Current Liabilities
Creditors: Amounts falling due
after more than one year
Total Net Assets		 Total at 31
March 2023
£000
155
155
34
0
10
44
31
13
168
0
168		 Total at 31
March 2022
£000
155
155
23
0
33
56
21
35
190
0
190

23

2.2 Restricted Funds - Statement of Financial Activities for the year ended 31 March 2023

Income and Endowments from:-
Donations & Legacies
Charitable Activities
Other Trading Activities
Investment income
Other
Total incoming resources
Resources expended
Raising Funds
Charitable activities
Patient Welfare & Amenities
Staff Welfare & Amenities
Staff Education - Courses & Resources
Other
Total resources expended
Net (outgoing)/incoming resources before transfers
Transfers:-
Gross transfers between funds
Net (outgoing)/incoming resources before other
recognised gains and losses
Other recognised gains and losses
Gains on revaluation of fixed assets for charity's own use
Gains/losses on investment assets
Acturial gains/losses on defined benefit pension schemes
Net Movement in Funds
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 2022-23
2021-22
£000
£000
7
21
0
0
0
0
0
0
60
60
67
81
0
0
67
268
17
39
2
10
0
0
86
317
(19)
(236)
0
0
(19)
(236)
0
0
0
0
0
0
(19)
(236)
165
401
146
165

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2.2 Restricted Funds - Balance Sheet as at 31 March 2023

Fixed Assets
Investments
Total Fixed Assets
Current Assets
Debtors
Short term investments and deposits
Cash at bank and in hand
Total Current Assets
Liabilities
Creditors: Amounts falling due
within one year
Net Current Assets
Total Assets less Current Liabilities
Creditors: Amounts falling due
after more than one year
Total Net Assets		 Total at 31
March 2023
£000
130
130
10
0
30
40
24
16
146
0
146		 Total at 31
March 2022
£000
130
130
0
0
74
74
39
35
165
0
165

3 Related Party Transactions

The Isle of Wight NHS Trust as Corporate Trustee receives the majority of the benefit provided by Charitable Funds. However, the individual members have not undertaken any material transactions with the Isle of Wight NHS Trust Charitable Funds during the year.

During the year the staff involved in administering the charity were employed by the Trust and their costs totalling £15,525 were recharged to the charity.

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4 Income from donations and legacies

Donations from individuals
Coporate Donation
Legacies		 Unrestricted
Restricted
Funds
Funds
£000
£000
95
1
0
1
5
5		 2023
2022
Total
Total
£000
£000
96
37
1
15
10
22
100
7		 107
74

5 Role of Volunteers

Like all charities, the IOW NHS Trust Charitable Fund is reliant on many volunteers for their involvement in fundraising by way of organising, publicising or undertaking physical challenges to raise funds for all areas of the Trust. The volunteers consist of members of the public and employees of IOW NHS Trust.

In accordance with the SORP, due to the absence of any reliable measurement basis, the contribution of these volunteers is not recognised in the accounts.

6 Total gross Income from investments

COIF Interest 2023
Held in UK
Total
£000
6
6		 2022
Held in UK
Total
£000
0
0

Note: due to the low value of our investment and interest rate, the interest earned in 2021/22 was below £1k

7 Analysis of expenditure on raising funds

Fundraising events
Support Costs		 Unrestricted
Restricted
Funds
Funds
£000
£000
0
0
0
0		 2023
2022
Total
Total
£000
£000
0
0
0
0
0
0		 0
0

26

8 Analysis of Charitable Expenditure

Patient Welfare & Amenities
(inc. equipment)
Staff Welfare & Amenities
Staff Education - Resources
Staff Education - Courses
Total		 Activities
Undertaken
Directly
£000

119
24
34
13
190		 Grant Funded
Activity
£000
0
0
0
0
0		 2023
2022
Support Costs
Total
Total
£000
£000
£000
17
136
320
4
28
75
5
39
1
2
15
36
28
218
432

9 Analysis of grants

The charity does not make grants to individuals. All grants are made to the IOW NHS Trust to provide for the care of NHS patients in furtherance of our charitable aims. The total cost of making grants, including support costs, is disclosed on the face of the Statement of Financial Activities and the actual funds spent on each category of charitable activity, is disclosed in note 8.

10 Allocation of Support Costs and Overheads

Finance
Information Technology
Audit - Internal
Audit - External
Indemnity insurance
Total
Unrestricted Funds
Restricted Funds
Total		 Raising
Funds
£000
0
0
0
0
0
0
0
0
0		 Charitable
Activities
£000
16
3
0
6
3
28
19
9
28		 2023
Total
£000
16
3
0
6
3
28
19
9
28		 2022
Basis of
Total
Allocation
£000
16
3
0
6
3
28
16
12
28
See note
below

Support costs are allocated in a two stage process. On a monthly basis, we take 5% of each donation and transfer it to 'Administration Expenses'. At the end of the year this is allocated against the total support costs. If the total exceeds the available contribution then the balance is apportioned across all funds.

For annual accounts reporting purposes, the total value of support costs is then allocated on a pro-rata basis against the charitable expenditure activities (see note 8).

11 Trustees Remuneration & Expenses

The Trustees have received no remuneration or expenses in 2022/23.

27

12 Analysis of Staff Costs

Salaries & wages
Social security costs
Other pension costs
Total
Average monthly number of employees in the year:		 2023
2022
Total
Total
£000
£000
13
13
2
2
1
1
16
16
2
2

13 Auditor’s remuneration

The auditor’s remuneration of £6,022.30 (2021/22: £5,462.40) related solely to the audit with no other additional work being undertaken.

14 Analysis of Fixed Asset Investments .

Market value at 31 March
Less: Disposals at carrying value
Add: Acquisitions at cost
Net gain on revaluation
Market value at 31 March
Historic cost at 31 March		 2023
£000
285
0
0
0
285		 2022
£000
285
0
0
0
285
285 285

Note: These investments are all held with CCLA Investments in a Charities Official Investment Fund (COIF).

15 Analysis of Current Debtors

16
Analysis of cash and cash equivalents
Amounts falling due within one year:
Amounts due from subsidiary and
associated undertakings
Trade debtors
Prepayments
Accrued income
Other debtors
Total debtors falling due within one year
Cash in hand
Total cash and cash equivalents		 2023
2022
£000
£000
0
0
0
0
0
0
23
21
21
2
44
23
2023
2022
£000
£000
40
107
40
107

28

17 Analysis of Current Liabilities

Amounts falling due within one year:
Loans and overdrafts
Trade creditors
Amounts due to subsidiary and
associated undertakings
Other creditors
Accruals
Deferred income
Total creditors falling due within one year		 2023
2022
£000
£000
0
0
0
0
0
0
49
51
6
9
0
0
55
60

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

Net income/(expenditure) for 2022/23 (as per
the Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating
activities		 2023
2022
£000
£000
(41)
-292
0
0
0
0
(6)
0
0
0
0
0
(21)
12
(5)
16
(73)
(264)

29

19 Details of transfers between funds

Transfer Transfer Reason Amount Fund Type
From fund To fund £0
Whippingham Ward Medical Assesment Unit Balance transfer 559.16 Unrestricted
Accident & Emergency TrainingFund 22/23 contribution agreed byCF Assurance 282.00 Unrestricted
Alverstone Ward TrainingFund 22/23 contribution agreed byCF Assurance 39.38 Unrestricted
Ambulance General TrainingFund 22/23 contribution agreed byCF Assurance 240.84 Unrestricted
Breast Care TrainingFund 22/23 contribution agreed byCF Assurance 260.40 Unrestricted
Breast ScreeningUnit TrainingFund 22/23 contribution agreed byCF Assurance 8.55 Unrestricted
Cancer CNS TrainingFund 22/23 contribution agreed byCF Assurance 1,545.63 Unrestricted
Research Development Fund TrainingFund 22/23 contribution agreed byCF Assurance 1,580.60 Unrestricted
Chapel TrainingFund 22/23 contribution agreed byCF Assurance 1,959.57 Unrestricted
Chemotherapy TrainingFund 22/23 contribution agreed byCF Assurance 11,490.01 Unrestricted
Childrens CommunityFund TrainingFund 22/23 contribution agreed byCF Assurance 182.65 Unrestricted
Colwell Ward TrainingFund 22/23 contribution agreed byCF Assurance 480.43 Unrestricted
CoronaryCare Unit TrainingFund 22/23 contribution agreed byCF Assurance 22.94 Unrestricted
Diabetic Centre TrainingFund 22/23 contribution agreed byCF Assurance 22.42 Unrestricted
EndoscopyUnit TrainingFund 22/23 contribution agreed byCF Assurance 198.63 Unrestricted
England Fund Sevenacres TrainingFund 22/23 contribution agreed byCF Assurance 48.45 Unrestricted
Afton Ward TrainingFund 22/23 contribution agreed byCF Assurance 74.85 Unrestricted
Intensive TherapyUnit TrainingFund 22/23 contribution agreed byCF Assurance 1,557.37 Unrestricted
Luccombe Ward TrainingFund 22/23 contribution agreed byCF Assurance 128.83 Unrestricted
Medical Assesment Unit TrainingFund 22/23 contribution agreed byCF Assurance 183.58 Unrestricted
Ophthalmic Department TrainingFund 22/23 contribution agreed byCF Assurance 212.54 Unrestricted
Orthopaedic Department TrainingFund 22/23 contribution agreed byCF Assurance 151.16 Unrestricted
Stroke EarlyDisc Team TrainingFund 22/23 contribution agreed byCF Assurance 179.22 Unrestricted
Compton Ward(old Rehab Unit) TrainingFund 22/23 contribution agreed byCF Assurance 18.15 Unrestricted
RespiratoryDepartment TrainingFund 22/23 contribution agreed byCF Assurance 1,037.71 Unrestricted
RheumatologyFund TrainingFund 22/23 contribution agreed byCF Assurance 1,570.41 Unrestricted
Sevenacres Staff Fund TrainingFund 22/23 contribution agreed byCF Assurance 21.99 Unrestricted
St Helens Ward TrainingFund 22/23 contribution agreed byCF Assurance 107.29 Unrestricted
Stoma Care TrainingFund 22/23 contribution agreed byCF Assurance 174.27 Unrestricted
Stroke Services TrainingFund 22/23 contribution agreed byCF Assurance 2,788.45 Unrestricted
UrologyUnit TrainingFund 22/23 contribution agreed byCF Assurance 53.44 Unrestricted
CommunityHeart Failure TrainingFund 22/23 contribution agreed byCF Assurance 684.80 Unrestricted
Cardiac Investigations TrainingFund 22/23 contribution agreed byCF Assurance 4.48 Unrestricted
Dr Harms Research Fund TrainingFund 22/23 contribution agreed byCF Assurance 90.20 Unrestricted
WigFund TrainingFund 22/23 contribution agreed byCF Assurance 732.66 Unrestricted
Sabeena Allahdin Research TrainingFund 22/23 contribution agreed byCF Assurance 178.40 Unrestricted
Leonie Grellier Research TrainingFund 22/23 contribution agreed byCF Assurance 206.42 Unrestricted
Amb First Responders TrainingFund 22/23 contribution agreed byCF Assurance 7.97 Unrestricted
Women & Childrens Care TrainingFund 22/23 contribution agreed byCF Assurance 1,866.99 Unrestricted
End of Life Care TrainingFund 22/23 contribution agreed byCF Assurance 1,518.47 Unrestricted
CCAMHS TrainingFund 22/23 contribution agreed byCF Assurance 420.40 Unrestricted
TrainingFund TrainingFund 22/23 contribution agreed byCF Assurance 259.49 Unrestricted
Staff Health and Wellbeing TrainingFund 22/23 contribution agreed byCF Assurance 400.23 Unrestricted
ME/MEO & BEREAVEMENT TrainingFund 22/23 contribution agreed byCF Assurance 131.45 Unrestricted
AppleyWard General Fund Static Fund Protocol 3.04 Unrestricted
Dr Al-bahrani Research fund General Fund Static Fund Protocol 46.35 Unrestricted
Childrens CommunityFund NHS Charities Together Gran
HCSW Day- contribution agreed byBeckyH		 50.00
Unrestricted
Women & Childrens Care NHS Charities Together Gran
HCSW Day- contribution agreed byBeckyH		 50.00
Unrestricted
Luccombe Ward NHS Charities Together Gran
HCSW Day- contribution agreed byBeckyH		 50.00
Unrestricted
Alverstone Ward NHS Charities Together Gran
HCSW Day- contribution agreed byBeckyH		 50.00
Unrestricted
General Fund NHS Charities Together Gran
HCSW Day- contribution agreed byBeckyH		 38.00
Unrestricted

30

20 Analysis of Funds

20.1 Restricted funds

Restricted funds
Material funds
A
Healing Arts
B
Legacy
C
Legacy
E
Legacy
F
Mental Health Grant
G
NHS Charities Together Grant
H
NHS Charities Together Grant
I
Legacy
J
Legacy
Total		 Balance
Incoming Resources
Transfers Gains and
Balance
31 March
Resources
Expended
Losses
31 March
2022
2023
£000
£000
£000
£000
£000
£000
4
0
0
0
0
4
16
0
(1)
0
0
15
62
0
(3)
0
0
59
31
0
(4)
0
0
27
0
0
0
0
0
0
31
1
(16)
0
0
16
0
60
(60)
0
0
0
21
0
(1)
0
0
20
0
5
0
0
0
5
165
66
(85)
0
0
146

Name of fund

Description of the nature and purpose of each fund

Links arts with healthcare to improve recovery & promote well-being Funds are reserved for maintenance & repairs to existing art works

A

Healing Arts

B Restricted Legacy (Laidlaw ) Legacy bequeathed for Laidlaw Day Hospital C Restricted Legacy (ITU) Legacy bequeathed for Intensive Care E Restricted Legacy (CCU) Legacy bequeathed for Coronary Care Unit F Mental Health Grant Grant received from Richmond Fellowship for Mental Heath G NHS Charities Together Grant H NHS Charities Together Grant Grant received from NHSCT for Dementia Navigator Project I Restricted Legacy (Mental Health) Legacy bequeathed for Mental Health Services

Legacy bequeathed for Coronary Care Unit Grant received from Richmond Fellowship for Mental Heath Grants received from NHSCT following Covid appeals for patient and staff wellbeing Grant received from NHSCT for Dementia Navigator Project

J Restricted Legacy (Eye DepartmentLegacy bequeathed for Eye Department

31

20.2 Unrestricted Funds

The purpose of all Unrestricted funds is to benefit patient and staff welfare including education and training where appropriate.

General Fund
Designated Funds
Breast Care
Cancer CNS
CCAMHS
Research Development Fund
Chapel
Chemotherapy
Colwell Ward
Community Heart Failure
Coronary Care Unit
Dr Harms Research Fund
End of Life Care
Intensive Therapy Unit
Respiratory Department
Rheumatology Fund
Staff Health and Wellbeing
Stroke Services
Training Fund
Wig Fund
Women & Childrens Care
Other funds with movements less
than £1000 or balances less than
_£4000 _
Friends of St Marys
Sub Total**
Rounded £000		 Balance
Incoming
Resources
Transfers
Gains and
Balance
31 March
Resources
Expended
Losses
31 March
2022
2023
£
£
£
£
£
£
16,872
24,396
(19,576)
11
0
21,703
2,062
2,016
(2,013)
(260)
0
1,805
772
7,973
(925)
(1,546)
0
6,275
2,102
0
(96)
(420)
0
1,586
7,903
0
(454)
(1,581)
0
5,869
14,506
659
(7,300)
(1,960)
0
5,905
58,632
4,525
(8,847)
(11,490)
0
42,820
1,692
1,200
(1,325)
(480)
0
1,086
3,424
0
(156)
(685)
0
2,584
589
0
(479)
(23)
0
87
893
0
(463)
(90)
0
340
13,344
19,531
(21,147)
(1,518)
0
10,208
7,340
1,736
(1,100)
(1,557)
0
6,419
5,804
3,443
(2,171)
(1,038)
0
6,038
7,852
0
(357)
(1,570)
0
5,925
3,331
446
(2,495)
(400)
0
882
13,921
738
(944)
(2,788)
0
10,928
1,297
0
(15,080)
32,864
0
19,081
5,026
0
(2,743)
(733)
0
1,550
8,304
1,776
(2,526)
(1,917)
0
5,638


14,324
4,116
(4,420)
(3,056)
0
10,963See next section
(0)
40,836
(40,836)
0
0
(0)
189,992
113,391
(135,453)
0
0
167,692
190
113
-135
0
0
168

32

20.2 Unrestricted Funds (Continued)

Unrestricted Funds (Continued)
Balance Incoming Resources Transfers Gains and Balance
31 March Resources Expended Losses 31 March
2022 2023
** Breakdown of other funds with movements less than £1,000 or balances less than £4,000
£ £ £ £ £ £
Accident & Emergency 1,654 200 (329) (282) 0 1,243
Afton Ward 227 155 (72) (75) 0 235
Alverstone Ward 102 100 (11) (89) 0 101
Ambulance General 559 679 (997) (241) 0 0
Amb First Responders 40 125 (157) (8) 0 (0)
Appley Ward 15 0 (1) (3) 0 11
Breast Screening Unit 138 0 (97) (9) 0 32
Cardiac Investigations 22 0 (1) (4) 0 17
Childrens Community Fund 913 0 (39) (233) 0 642
Stroke Early Disc Team 469 453 (66) (179) 0 676
Diabetic Centre 112 0 (5) (22) 0 85
Dr Al-bahrani Research fund 46 0 0 (46) 0 (0)
Endoscopy Unit 1,493 0 (696) (199) 0 598
England Fund Sevenacres 100 150 (196) (48) 0 6
Luccombe Ward 661 140 (276) (179) 0 346
Medical Assesment Unit 394 0 (77) 376 0 693
ME/MEO & BEREAVEMENT 657 0 (30) (131) 0 496
Nurses Fund 0 0 0 0 0 0
Ophthalmic Department 1,063 0 (48) (213) 0 802
Orthopaedic Department 756 0 (34) (151) 0 570
Compton Ward (old Rehab Unit) 91 0 (4) (18) 0 68
Sevenacres Staff Fund 110 0 (5) (22) 0 83
Staff Health and Wellbeing Events 0 1,800 (102) 0 0 1,698
St Helens Ward 536 0 (119) (107) 0 310
Stoma Care 871 0 (40) (174) 0 657
Urology Unit 267 0 (12) (53) 0 202
Whippingham Ward 524 314 8 (559) 0 287
Sabeena Allahdin Research 1,472 0 (968) (178) 0 326
Leonie Grellier Research 1,032 0 (47) (206) 0 779
14,324 4,116 (4,420) (3,056) 0 10,963

33

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