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Annual Report
and Accounts
2023-2024
## **Contents**
## **“**
Once again in 2023/24 the Isle of Wight NHS Trust Charity helped to support some fantastic projects across St Mary’s hospital.
The charity is proud to be able to help enhance patient care, and also support staff welfare. We cannot achieve anything without the support of our community, and this is something we want to grow in the coming years.
As always we are incredibly grateful to all of our supporters and partners who help us achieve great things. Thanks in particular should go to the Friends of St Mary’s who contribute a huge amount towards projects.
As the partnership between the Isle of Wight NHS Trust and Portsmouth Hospitals Universty NHS Trust grows, so too does a wonderful collaboration between the two respective charities. We are very excited about the opportunies this will bring.
**Kate Sandys Head of Charity**
**04 06** Foreward from Our year in the Chair numbers
**08**
**10**
There for you at every stage of life
Your support in action – Enhancing patient care and staff wellbeing
**12**
**15**
Our supporters Financial review i, cs **36** . =; = ohaf= o Charity information
**2** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds | **3**
## **Message from the Chair**
I am delighted to introduce to you the Annual Report for the Isle of Wight NHS Trust Charity for the year ended 31 March 2024.
I am also delighted to say that over the last year £154,913 was spent on improving patient care and staff welfare. Despite the charity being relatively small, the impact of the projects we fund is huge. In 2023, thanks to a legacy left to the charity to support mental health, several grants were made to fund different initiatives. These ranged from neurodiversity training to wellbeing and creative groups. These projects have made such a difference to our patients, what a legacy to leave!
Looking back on the year the NHS celebrated its 75th birthday, I wanted to say a huge thank you to everyone who has supported the work of the Charity, this year and in the past. So much has been achieved in this time, and there is much more to come.
**Melloney Poole OBE** Chair of Charity Board of Trustees
## **“**
As well as our community generously donating to support our local hospital, our staff also help to raise funds to support their patients. Our wonderful stroke service raised over £3,000 to purchase a patient transfer scale. These scales alleviate the discomfort for our patients of being hoisted to be weighed. In return we also help to support our staff with non-mandatory training, as well as other wellbeing items.
As the charity looks forward, I am pleased to say that at the start of 2024 our partnership with Portsmouth Hospitals Charity was strengthened. Although the charities will remain separate statutory bodies we are now in a place where we can share learning and best practice across both. There is an exciting future ahead for the Isle of Wight NHS Trust Charity, and I can’t wait for you all to be part of the journey.
As well as our community generously donating to support our local hospital, our staff also help to raise funds to support their patients. Our wonderful stroke service raised over £3,000 to purchase a patient transfer scale. These scales alleviate the discomfort for our patients of being hoisted to be weighed. In return we also help to support our staff with non-mandatory training, as well as other well being items.
With best wishes,
Melloney Poole OBE
GreatCopse
**4** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds | **5**
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**Donations £98,512**
**Legacies £35,641**
**Other income**
**(including grants received)**
**£30,000**
**Investment income £12,670**
Expenditure
**Contributions to NHS £154,913**
**INCLUDING:**
**Mental Health £12,041**
**Chemotherapy £10,939**
**CCU £7,038**
**Stroke Services £5,664**
**Patient welfare and amenity £103,576**
**Staff welfare and amenity £51,337**
iow.nhs.uk/get-involved/charitable-funds | **7**
## **Your support: Enhancing patient care and staff wellbeing**
**Throughout 2023-24, your generous donations allowed us to fund a wide range of projects that enhance patient care and staff wellbeing across the Trust.**
## **Huge donation provides incredible impact**
In July 2023, Ventnor Lions Club charity generously donated a £7,000 bladder scanner to Luccombe Ward in St Mary’s Hospital. The new scanner means that staff can quickly check to see if patients are unable to empty their bladder.
**“We are incredibly grateful, this new equipment will make such a difference to patients and staff on the ward. It will help to avoid unnecessary catheterisations as well as preventing patients suffering from further complications as a result.”** - Heidi Meekins, Luccombe Ward Sister
**Read more about the bladder scanner donated by Ventnor Lions Club by scanning the QR code.**
**Artistic staff create amazing charity calendar**
For the first time ever the charity released our own calendar. In December 2023, the calendar was available to purchase. The calendar included photos that captured the beauty of the island and were taken by talented members of staff who had won our photography competition.
Isle of Wight NHS Trust staff - pictured **above left** and health and wellbeing picnic benches - pictured **above right**
## **Benching for a cause**
We have some wonderful outdoor spaces at our hospital site. As a part of improving the health and wellbeing of #TeamIOWNHS, we installed new picnic benches. They are a great way for staff, patients and visitors to take some time to rest and enjoy the outdoors.
## **Legacy left for significant mental health improvements**
improve these services , providing our patients with highly trained professionals who can work on each patient’s individual needs throughout their care, support and treatment with us.
Thanks to a legacy, we were able to provide microgrants to various internal mental health departments. These were used to fund different initiatives such as Talking Therapies (IAPT), neurodiversity training and Lived Experience Peer Support Groups.
In addition to the picnic benches in the outdoor areas, a picnic bench for the Digital team to use has also been donated, in order to improve staff wellbeing.
As a trust, we offer many mental health and learning disability services, such as CAMHS, the Dementia Outreach team, Mental Health and Learning Disabilities Liaison and the Memory Service. The microgrants we were able to fund from the legacy has meant that we are able to massively
## **“**
**The picnic benches are a great addition, enabling me to get some fresh air during my break away from my department.**
8 | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds | **9**
## **There for you at every stage of life**
## **Flags raised for Isle of Wight communities**
This year, thanks to donations to our charity, we were able to purchase flags for Isle of Wight Pride. Our LGBTQ community is really important to both the charity and the hospital, and being able to show our pride at Pride was truly splendid.
Alongside the Pride flags, we were also able to purchase some Veteran awareness flags as well as flag poles. Much like our Pride community, our veterans community is incredibly important to us, so we are very grateful to be able to fly these flags high in honour of the community.
## **Cakes baked for children’s garden**
## **Delight for dementia patients**
In April 2024, Newport Lions Club donated £100 to the Charity. This kind donation was used by the Isle of Wight NHS Trust Dementia Practitioners to purchase two activity boxes for patients with dementia, providing much needed simulation and fun.
**“The activity boxes have been very helpful in keeping our patient’s entertained when on the ward especially for patients who do not like to sit in a group. We have recently had volunteers and the colouring books and reading materials have been very helpful in achieving their roles as volunteers. The activities have also been helpful in building new relationships with other patients as we sit them together and use this to engage with each other**
**through play.”** - Charge Nurse for Compton Ward
The team on the Children's Ward launched their Children’s Ward Garden Appeal and throughout the year held events such as Funky Sock Friday and bake sales to raise funds for their new gardens on the ward. Since then, they have re-decorated the garden and continue to work hard, raising funds to proceed with the revamp the gardens!
**“** =e 0 Se eee **When I have been using the activities with the patients this has provided much needed light-hearted fun. The darts and** BAN (kz ! **basketball nets have been really good at getting people to** ! ' SON j ths hid j . **mobilise and exercise -** Beverley Sparkes, Associate **Left:** Children’s Ward **Right:** Children’s Ward Practitioner for Dementia Garden wall painting Garden revamp
**10** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds | **11**
## **Thanks for your support!**
**We want to thank everyone who gave to Isle of Wight NHS Trust Charity last year, whether it be financially, with gifts in kind, or with your time. We can’t thank you enough. We can’t mention everyone, but we are so grateful to everyone who gave us their support.**
## **Trusts and Grants**
NHS Charities Together
## **Community Groups**
Apex Competitors DVLA
Newchurch Male Voice Choir Parkinson’s Exercise Group Patient Council
## **Gifts in wills: thank you!**
Thank you to the **3 generous supporters** who kindly left a gift in their will which we received in 2023-24, totalling an incredible **£35,641** .
These gifts are so special and crucial in enabling the Charity to continue to support enhancements for patients and staff wellbeing.
> iow.nhs.uk/get-involved/charitable-funds | = **13** =
**12** | iow.nhs.uk/get-involved/charitable-funds
**FINANCIAL REVIEW**
## **Financial review ANNUAL ACCOUNTS 2023/24**
iiow.nhs.uk/get-involved/charitable-funds| **15**
**FINANCIAL REVIEW**
## **Finance Review**
The net assets of the Charity as at 31 March 2024 were £362,000 (compared with £314,000 on 31 March 2023). This is an increase of £48,000 during the year.
The General (Unrestricted) Fund increased by £29,000 to £51,000, the designated funds decreased by £2,000 to £144,000 and the restricted funds increased by £21,000 to £167,000.
During 2023/24, the Charity received a total income of £225,000, an increase of £45.000 on the previous year, largely due to legacies of £36,000.
Expenditure during 2023/24 totalled £177,000 a decrease of £44,000 from the previous year. Patient welfare and amenities benefitted from expenditure of £104,000.
## **Reserves and Investments**
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 Charity’s total reserves stand at £362k and are calculated as follows:
Unrestricted Reserves – General Fund £ 51k Unrestricted Reserves – Designated Fund £144k Restricted Reserves £167k Total Reserves £362k
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
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.
## **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**
TWe 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.
## **Future Plans**
The aims and objectives for the next twelve months are to continue to work to deliver on our four-year strategy. The Charity will reach the end of this strategy in 2028 so will be resetting our aims. This will involve stakeholder engagement and approval by the Charity Board of Trustees.
For 2024/25, the team will deliver against three key priority aims as follows: Enhancing patient care Supporting staff well being Advancing medical research
In addition to these, three supporting goals have been added as follows: Growing support Growing our influence Effective organisation
**16** | iow.nhs.uk/get-involved/charitable-funds
**FINANCIAL REVIEW**
## **Statement of trustee’s responsibilities**
## **Independent Auditors Report to the Trustee of Isle of Wight NHS Charity**
The Corporate Trustee is responsible for:
keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the funds held on trust and to enable them to ensure that the accounts comply with requirements in the Charities Act 2011 and those outlined in the directions issued by the Secretary of State; establishing and monitoring a system of internal control; and 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:
apply on a consistent basis accounting policies laid down by the Secretary of State with the approval of the Treasury; make judgements and estimates which are responsible and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and 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 20 to 35 attached have been compiled from and are in accordance with the financial records maintained by the trustees.
By Order of the Trustee -
Signed:
Acting Chair Phil Berrington Date: 20th January 2025
Trustee Penny Emerit Date: 20th January 2025
## **Independent examiner’s report to the trustee of Isle of Wight NHS Charity**
I report to the trustee on my examination of the accounts of the Isle of Wight NHS Charity (the Charity) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustee of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
**I** have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Adam Fullerton FCA DChA
For and on behalf of Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP
## Date: 23 January 2025
**18** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds | **19**
**Statement of Financial Activities for the year ended 31st March 2024**
**Balance Sheet as at 31st March 2024**
|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total Funds**
**2023/24**
**£’000**
Total Funds
2022/23
£’000
**Income and Endowments**
ce—|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total Funds**
**2023/24**
**£’000**
Total Funds
2022/23
£’000
**Income and Endowments**
ce—|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total Funds**
**2023/24**
**£’000**
Total Funds
2022/23
£’000
**Income and Endowments**
ce—|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total Funds**
**2023/24**
**£’000**
Total Funds
2022/23
£’000
**Income and Endowments**
ce—|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total Funds**
**2023/24**
**£’000**
Total Funds
2022/23
£’000
**Income and Endowments**
ce—|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total Funds**
**2023/24**
**£’000**
Total Funds
2022/23
£’000
**Income and Endowments**
ce—|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total Funds**
**2023/24**
**£’000**
Total Funds
2022/23
£’000
**Income and Endowments**
ce—|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000
**Fixed Assets**
ee|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000
**Fixed Assets**
ee|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000
**Fixed Assets**
ee|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000
**Fixed Assets**
ee|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000
**Fixed Assets**
ee|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000
**Fixed Assets**
ee|Note Unrestricted Funds
£’000
Restricted Funds
£’000
Endowment
Funds
£’000
**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000
**Fixed Assets**
ee|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**from:**||||||||||||||
|Donations and Legacies|4|94|40|0|**134**|107|Investments|14|155|130|0|**285**|285|
|Charitable Activities||0|0|0|**0**|0||||||||
|Other Trading Activities||0|0|0|**0**|0|**Total Fixed Assets**||155|130|0|**285**|285|
|Investment Income|6|7|6|0|**13**|6||||||||
|Other||48|30|0|**78**|67||||||||
|**Total Incoming Resources**||**149**|**76**|**0**|**225**|**180**|**Current Assets**|||||||
||||||||Debtors|15|15|30|0|**45**|44|
|**Resources Expended:**
Raising Funds|7|1|21|0|**22**|0|Short term investments and
deposits||0|0|0|**0**|0|
|**Charitable Activities**|8||||||Cash at bank and in hand|16|50|29|0|**79**|40|
|_Patient Welfare and Amenity_||78|26|0|**104**|136||||||||
|_Staff Welfare and Amenity_||16|6|0|**22**|28|**Total Current Assets**||65|59|0|**124**|84|
|_Staff Education - Courses &_
_Resources_||31|(2)|0|**29**|54||||||||
|Other||0|0|0|**0**|3|**Liabilities**|||||||
|**Total Resources Expended**||**126**|**51**|**0**|**177**|221||||||||
|**Net (outgoing)/incoming**
**resources before transfers**||23|25|0|**48**|(41)|Creditors: Amounts falling due
within one year|17|25|22|0|**47**|55|
|Transfers:- Gross transfers
between funds|19|4|(4)|0|**0**|0|**Net Current Assets**||40|37|0|**77**|**29**|
|**Net (outgoing)/incoming**
**resources before other**
**recognised gains and losses**||27|21|0|**48**|(41)|**Total Assets Less Current**
**Liabilities**||195|167|0|**362**|**314**|
|||||||||||||||
|**Net Movement in Funds**||27|21|0|**48**|(41)|**Funds of the Charity**|||||||
|**Reconciliation of Funds**||||||||||||||
|Fund balances brought
forward from previous year
**Fund Balances carried**
**forward**||168
**195**|146
**167**|0
**0**|**314**
**362**|355
**314**|Expendable Endowment
Funds
Restricted Income Funds
Unrestricted Income Funds||0
0
195|0
167
0|0
0
0|**0**
**167**
**195**|0
**146**
**168**|
|||||||||||||||
||||||||**Total Charity Funds**||195|167|0|**362**|**314**|
The notes at pages 22 to 35 form part of these accounts.
Signed: Penny Emerit Date: 20th January 2025
The notes at pages 22 to 35 form part of this account.
**20** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds | **21**
**Statement of cash flows for the year ending 31st March 2024**
## **Notes to the Accounts - continued**
**----- Start of picture text -----**
Total Total
Notes Funds 23/24 Funds 22/23
£’000 £’000
**----- End of picture text -----**
|**Notes**|**Total**
**Funds 23/24**
**£’000**
**Total**
**Funds 22/23**
**£’000**|
|---|---|
|**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 investing activities**
**_Change in cash and cash equivalents in the reporting_**
**_period_**
18
**Cash and cash equivalents at the beginning of the**
**reporting period**
**Cash and cash equivalents at the end of the reporting**
**period**||
||26
(73)|
||13
6|
||13
6|
||**39**
(67)
40
107|
||79
40|
## **Notes to the Accounts**
## **1. Accounting Policies**
## **(a) Basis of preparation**
## **b) 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.
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.
## **c) Incoming Resources**
a) All incoming resources are included in full in the Statement of Financial Activities as soon as the following three factors can be met:
entitlement - arises when a particular resource is receivable or the charity's right becomes legally enforceable;
certainty - when there is reasonable certainty that the incoming resource will be received; measurement - when the monetary value of the incoming resources can be measured with sufficient reliability.
## 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.
c) There are no unfulfilled conditions or other contingencies attaching to resources from non-exchange transactions that have not been recognised in income.
## **d) 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.
## a) Cost of generating funds
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.
## c) Support Costs
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.
## **e) Fixed Assets**
The only fixed assets that the Fund has are investments assets.
## **f) Investment Fixed Assets**
Investment fixed assets are shown at market value. Other investment fixed assets are included at trustees' best estimate of market value.
## **g) Debtors**
Debtors are amounts owed to the Charity. They are measured on the basis of their recoverable amount.
## **h) 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.
## **i) Creditors**
Creditors are amounts owed by the Charity. They are measured at the amount the Charity expects to have to pay to settle the debt.
Amounts which are owed in more than a year are shown as log term creditors.
## **j) Realised gains and losses**
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investment are calculated as the difference between sales proceeds and opening market value (or the value at 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 value at date of purchase if later).
The Charity is a public benefit entity.
**22** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds | **23**
## **Notes to the Accounts - continued**
## **k) 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.
## **2. Prior year comparatives by type of fund**
## **2.1 Unrestricted Funds - Statement of Financial Activities for the year ended 31 March 2024**
**----- Start of picture text -----**
Total Funds Total Funds
2023/24 2022/23
£’000 £’000
**----- End of picture text -----**
|**Income and Endowments from:**
Donations and 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 assess 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**
Fund balances brought forward from previous year
**Fund Balances carried forward**|**94**
100
**0**
0
**0**
0
**7**
6
**48**
7|
|---|---|
||**149**
113|
||**1**
0
**78**
69
**16**
11
**31**
52
**0**
3|
||**126**
135|
|||
||**23**
(22)|
||**4**
0|
||**27**
(22)|
||**0**
0
**0**
0
**0**
0|
||**27**
(22)|
||**168**
190|
||**195**
**168**|
|||
## **Notes to the Accounts - continued**
## **2.1 Unrestricted Funds - Balance Sheet as at 31 March 2024**
**----- Start of picture text -----**
Total Total
31 March 24 Funds 22/23
£’000 £’000
**----- End of picture text -----**
|**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**|**155**
155|
|---|---|
||**155**
155|
||**15**
34
**0**
0
**50**
10|
||**65**
44|
||**25**
31|
||**40**
13|
|||
||**195**
168|
||**0**
0|
||**195**
**168**|
|||
**24** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds| **25**
**Notes to the Accounts - continued**
**Notes to the Accounts - continued**
## **2.2 Restricted Funds - Statement of Financial Activities for the year ended 31 March 2024**
**----- Start of picture text -----**
Total Funds Total Funds
2023/24 2022/23
£’000 £’000
**----- End of picture text -----**
|**Income and Endowments from:**
Donations and 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 assess 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**
Fund balances brought forward from previous year
**Fund Balances carried forward**|**40**
7
**0**
0
**0**
0
**6**
0
**30**
60|
|---|---|
||**76**
67|
||**21**
0
**26**
67
**6**
17
**(2)**
2
**0**
0|
||**51**
86|
|||
||**25**
(19)|
||**(4)**
0|
||**21**
(19)|
||**0**
0
**0**
0
**0**
0|
||**21**
(19)|
||**146**
165|
||**167**
**146**|
|||
## **2.2 Restricted Funds - Balance Sheet as at 31 March 2024**
**----- Start of picture text -----**
Total Total
31 March 24 Funds 22/23
£’000 £’000
**----- End of picture text -----**
|**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**|**130**
130|
|---|---|
||**130**
130|
||**30**
10
**0**
0
**29**
30|
||**59**
40|
||**22**
24|
||**37**
16|
|||
||**167**
146|
||**0**
0|
||**167**
**146**|
|||
## **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 £15,652 were recharged to the charity.
**26** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds| **27**
**Notes to the Accounts - continued**
## **Notes to the Accounts - continued**
## **4 Income from donations and legacies**
|Donations from individuals
Corporate Donation
Legacies
**Total**|Unrestricted Funds
£’000
87
7|Restricted Funds
£’000|
|---|---|---|
||94|40
**134**
107|
## **5 Role of Volunteers**
Lke 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**
||**2024**
**Held in UK Total**
**£’000**
2023
Held in UK Total
£’000|
|---|---|
|COIF Interest
**Total**|**13**
6|
||**13**
6|
## **7 Analysis of expenditure on raising funds**
|Fundraising events
Support Costs
**Total**|Unrestricted Funds
£’000
0
1|Restricted Funds
£’000|
|---|---|---|
||1|21
**22**
0|
## **8 Analysis of Charitable Expenditure**
|Activities Undertaken
Directly
Patient Welfare & Amenities (inc.
equipment)
88
Staff Welfare & Amenities
19
Staff Education - Resources
14
Staff Education - Courses
12
**Total**
133|Activities Undertaken
Directly
Patient Welfare & Amenities (inc.
equipment)
88
Staff Welfare & Amenities
19
Staff Education - Resources
14
Staff Education - Courses
12
**Total**
133|
Grant Funded
Activity|Support Costs|
|---|---|---|---|
||133|0
22
**155**
218||
|||||
## **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**
**----- Start of picture text -----**
Charitable Total Total
Raising Funds Basic of
Activities 31 March 24 Funds 22/23
£’000 Allocation
£’000 £’000 £’000
Finance 3 13 16 16
**----- End of picture text -----**
|Information Technology
Audit - Internal
Audit - External
Indemnity Insurance
**Total**
Unrestricted Funds
Restricted Funds
**Total**|1
0
1
1|2
**3**
3
2
**2**
0
See note below
3
**4**
6
2
3
3|
|---|---|---|
||6|22
**28**
28|
||||
||0|15
**15**
19|
||6|7
**13**
9|
||6|22
**28**
28|
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 2023/34.
**28** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds| **29**
## **Notes to the Accounts - continued**
## **12 Analysis of Staff Costs**
||**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000|
|---|---|
|Salaries & wages
Social security costs
Other pension costs
**Total**
Average monthly number of employees in the year|**13**
13
**2**
2
**1**
1|
||**16**
16|
|||
||**2**
2|
Employees: Senior Financial Accountant and Financial Accountant - both full time members of staff with IOW NHS Trust. A proportion of their time is recharged to the Isle of Wight NHS Trust Charitable Fund. They are both members of the IOW NHS Trust pension scheme. Neither of the employees had emoluments in excess of £60,000.
## **13 Auditor’s remuneration**
The auditor’s remuneration of £6,200 (2022/23: £6,022.30) represents £1,700 for internal audit and £4,500 for external audit (independent examination). The costs related solely to the audits with no other additional work being undertaken.
## **Notes to the Accounts - continued**
## **15 Analysis of Current Debtors**
**----- Start of picture text -----**
Total Total
31 March 24 Funds 22/23
£’000 £’000
Amounts falling due within one year:
**----- End of picture text -----**
|**Amounts falling due within one year:**|**£’000**
£’000|
|---|---|
|Amounts due from subsidiary and associated undertakings
Trade debtors
Prepayments
Accrued income
Other debtors
**Total debtors falling due within one year**|**0**
0
**0**
0
**0**
0
**43**
23
**2**
21|
||**45**
44|
## **16 Analysis of cash and cash equivalents**
||**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000|
|---|---|
|Cash in hand
**Total cash and cash equivalents**|**79**
40|
||**79**
40|
## **17 Analysis of Current Liabilities**
## **14 Analysis of Fixed Asset Investments**
||**Total**
**31 March 24**
**£’000**
Total
Funds 22/23
£’000|
|---|---|
|Market value at 31 March
Less: Disposals at carrying value
Add: Acquisitions at cost
Net gain on revalution
**Market value at 31 March**
Historic cost at 31 March|**285**
285
**0**
0
**0**
0
**0**
0|
||**285**
285|
|||
||**285**
285|
**----- Start of picture text -----**
Total Total
31 March 24 Funds 22/23
£’000 £’000
**----- End of picture text -----**
|**Amounts falling due within one year:**
Loans and overdrafts
Trade debtors
Amounts due from subsidiary and associated undertakings
Other creditors
Accruals
Deferred income
**Total creditors falling due within one year**|**0**
0
**0**
0
**0**
0
**39**
49
**8**
6
**0**
0|
|---|---|
||**47**
55|
Note: These investments are all held with CCLA Investments in a Charities Official Investment Fund (COIF).
**30** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds| **31**
## **Notes to the Accounts - continued**
## **18 Reconciliation of net income/(expenditure) to net cash flow from operation activities**
**----- Start of picture text -----**
Total Total
31 March 24 Funds 22/23
£’000 £’000
Net income/(expenditure) for 2022/23 (as per the
48 -41
**----- End of picture text -----**
|**Net income/(expenditure) for 2022/23 (as per the**
|**48**
-41|
|---|---|
|**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**|**0**
0
**0**
0
**(13)**
(6)
**0**
0
**0**
0
**(1)**
-21
**(8)**
-5|
||**26**
(73)|
## **19 Details of transfers between funds**
**----- Start of picture text -----**
Amount
Transfer From Fund Transfer To Fund Reason Fund Type
£
General Fund Admiral Nurses To create new fund 826.25 Unrestricted
**----- End of picture text -----**
|General Fund
General Fund
NHS Charities Together Grant
NHS Charities Together Grant
Chemotherapy
England Fund Sevenacres
Sevenacres Staff Fund
Dr Harms Research Fund
Leonie Grellier Research
Research Development Fund
Dr Harms Research Fund|Community Unit
To create new fund
162.50
Unrestricted
Community Unit
To create new fund
1,141.93
Unrestricted
Staff Health & Wellbeing Event
Agreed contributions
1,800
Restricted
Staff Health & Wellbeing Event
Agreed contributions
2,812.66
Restricted
Wig Fund
Annual contribution
3,000
Unrestricted
Sevenacres Staff Fund
Consolidate low value
funds
6.01
Unrestricted
England Fund Sevenacres
Consolidate low value
funds
0.34
Unrestricted
Research Development Fund
Consolidate low value
funds
340
Unrestricted|
|---|---|
||Research Development Fund
Consolidate low value
funds
779
Unrestricated|
||Leonie Grellier Research
Consolidate low value
funds
0.23
Unrestricated|
||Research Development Fund
Consolidate low value
funds
0.28
Unrestricated|
**----- Start of picture text -----**
nrestrictedU
**----- End of picture text -----**
## **Notes to the Accounts - continued**
## **20 Analysis of Funds**
## **20.1 Restricted Funds**
**----- Start of picture text -----**
Balance 31 Incoming Resources Gains and Balance 31
Material Transfers
March 23 Resources Expended Losses March 24
funds £’000
£’000 £’000 £’000 £’000 £’000
A Healing Arts 4 0 0 0 0 4
**----- End of picture text -----**
||Balance 31
March 23
£’000
Incoming
Resources
£’000
Resources
Expended
£’000
Transfers
£’000
Gains and
Losses
£’000
**Balance 31**
**March 24**
**£’000**
4
0
0
0
0
4|
|---|---|
|B
Legacy
C
Legacy
E
Legacy
G
NHS Charities Together
Grant
I
Legacy
J
Legacy
K
Legacy
:L
Legacy
M
Legacy
N
NHS Charities Together
Grant
**Total**|15
0
(5)
0
0
10
59
2
(4)
0
0
57
27
1
(7)
0
0
21|
||16
5
0
(4)
0
17|
||20
0
(12)
0
0
8
5
0
(3)
0
0
2
0
11
(1)
0
0
10
0
21
(2)
0
0
19
0
5
0
0
0
5
0
31
(17)
0
0
14|
||**146**
**76**
**(51)**
**(4)**
**0**
167|
- **Name of Fund Description of the nature and purpose of each fund** Link arts with healthcare to improve recovery & promote well-being. Funds are
- A Healing Arts reserved for maintenance & repairs to existing art works
- 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 Health - now closed Grants received from NHSCT following Covid appeals for patient and staff
- G NHS Charities Together Grant wellbeing
- H NHS Charities Together Grant Grant received from NHSCT for Dementia Navigator Project - now closed I Restricted Legacy (Mental Health) Legacy bequeathed for Mental Health Services J Restricted Legacy (Eye Department) Legacy bequeathed for Eye Department K Restricted Legacy Legacy bequeathed for hospital equipment L Restricted Legacy Legacy bequeathed for Breast Care (PM) M Restricted Legacy Legacy bequeathed for Breast Care (JH) N NHS Charities Together Grant Grant received from NHSCT for Fundraising Development
**32** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds| **33**
**Notes to the Accounts - continued**
## **Notes to the Accounts - continued**
## **20.2 Unrestricted Funds**
The purpose of all Unrestricted funds is to benefit patient and staff welfare including education and training where appropriate.
**----- Start of picture text -----**
Balance as at Incoming Resources Transfers Gains/ Balance as at
01/04/2023 Resources Expended Losses 31/03/2024
£ £ £ £ £ £
General Fund 21,703 57,563 (25,874) (2,131) 0 51,261
Designated Funds
Breast Care 1,805 2,989 (2,800) 0 0 1,994
Cancer CNS 6,275 258 (2,748) 0 0 3,785
CCAMHS 1,586 3,054 (1,325) 0 0 3,314
Research Development Fund 5,869 285 (644) 1,119 0 6,629
Chapel 5,905 177 (1,971) 0 0 4,112
Chemotherapy 42,820 3,037 (10,939) (3,000) 0 31,918
Colwell Ward 1,086 1,025 (363) 0 0 1,748
Community Heart Failure 2,584 107 (197) 0 0 2,494
Coronary Care Unit 87 183 (219) 0 0 50
Dr Harms Research Fund 340 0 0 (340) 0 (0)
End of Life Care 10,208 17,582 (4,827) 0 0 22,964
Intensive Therapy Unit 6,419 7,656 (1,031) 0 0 13,044
Respiratory Department 6,038 2,168 (1,320) 0 0 6,886
Rheumatology Fund 5,925 246 (452) 0 0 5,719
Staff Health and Wellbeing 882 (281) (600) 0 0 0
Stroke Services 10,928 6,470 (5,664) 0 0 11,733
Training Fund 19,081 359 (9,428) 0 0 10,012
Wig Fund 1,550 85 (2,266) 3,000 0 2,370
Women & Children’s Care 5,638 5,202 (5,164) 0 0 5,676
Other funds with movements
See next
less than £1000 or balances less 10,963 (2,496) (4,824) 5,965 0 9,608
section
than £4000**
Friends of St Marys (0) 43,326 (43,326) 0 0 (0)
Subtotal 167,692 148,997 (125,983) 4,613 0 195,318
Rounded £’000 168 149 -126 4 0 195
**----- End of picture text -----**
## **20.2 Unrestricted Funds (Continued)**
## ****Breakdown of other funds with movements less than £1,000 or balances less than £4,000****
**----- Start of picture text -----**
Balance as at Incoming Resources Transfers Gains/ Balance as at
01/04/2023 Resources Expended Losses 31/03/2024
£ £ £ £ £ £
Accident & Emergency 1,243 211 (106) 0 0 1,347
Admiral Nurses 0 34 (63) 826 0 798
Afton Ward 325 27 (84) 0 0 178
Alverstone Ward 101 4 (8) 0 0 98
Ambulance General 0 10 (1) 0 0 9
Amb First Responders (0) 0 0 0 0 (0)
Appley Ward 11 .0 (1) 0 0 11
Breast Screening Unit 32 1 (2) 0 0 31
Cardiac Investigations 17 1 (1) 0 0 16
Childrens Community Fund 642 23 (126) 0 0 539
Community Unit 0 39 (447) 1,304 0 896
Stroke Early Disc Team 676 28 (52) 0 0 653
Diabetic Centre 85 4 (6) 0 0 82
Endoscopy Unit 598 25 (46) 0 0 578
England Fund Sevenacres 6 0 0 (6) 0 (0)
Luccombe Ward 346 34 (262) 0 0 118
Acute Assessment Unit 693 29 (53) 0 0 669 Note 1
ME/M EO & BEREAVEMENT 496 21 (38) 0 0 479
Opthalmic Department 802 33 (61) 0 0 774
Orthopaedic Department 570 18 (167) 0 0 421
Compton Ward (old Rehab Unit) 68 3 (5) 0 0 66
Sevenacres Staff Fund 83 0 (81) 6 0 8
Staff Health and Wellbeing Events 1,698 (3,528) (2,461) 4,613 0 322
St Helens Ward 310 8 (139) 0 0 179
Stoma Care 657 448 (516) 0 0 589
Urology Unit 202 8 (15) 0 0 195
Whippingham Ward 287 12 (22) 0 0 277
Sabeena Allahdin Research 326 12 (61) 0 0 277
Leonie Grellier Research 779 0 0 (779) 0 0
Total 10,963 (2,496) (4,824) 5,965 0 9,608
**----- End of picture text -----**
_Note 1 - Previously named Medical Assessment Unit_
## **21 Contacting the Charity**
## **Fundraising advice can be obtained from the following contacts:**
The Charity Support Team on 01983 822 099 ext 6274. Website: www.iow.nhs.uk/get-involved/chairtable-funds Email: iownt.charity@nhs.net
Please direct any other query relating to the Charity to:
Laura Barnes - laura.barnes14@nhs.net Katie Parrott - katie.parrott@nhs.net
**34** | iow.nhs.uk/get-involved/charitable-funds
iow.nhs.uk/get-involved/charitable-funds| **35**
## **Charity Information**
Members of the Trust Board who have acted on behalf of the Corporate Trustee are members of the Charity Board of Trustee with voting rights. In 2023/2024 these members included:
The Isle of Wight NHS Trust Charity was registered with the Charity Commission as an NHS Charity by Declaration of Trust in September 1995, charity number 1049606.
The Charity has a Corporate Trustee: Isle of Wight NHS Trust (the Trust). Isle of Wight NHS Trust Charity is a registered member of the Fundraising Regulator and adheres to the Codes of Fundraising Practice.
**----- Start of picture text -----**
Name Title From Until
Charity Board of Trustees - Executive Directors with Voting Rights
In post at 31st March 2024 or having left during the year ended 31st March 2024
Penny Emerit Chief Executive 01/06/23
Mark Orchard Chief Financial Officer & Deputy CEO 01/09/23
John Knighton Chief Medical Officer 01/09/23
Liz Rix Chief Nursing Officer 01/09/23
Joe Smyth Chief Officer - IWT 01/09/23
Darren Cattell Chief Executive 01/12/21 31/05/23
Jo Gooch Director of Finance 01/12/21 31/05/23
Steve Parker Medical Director 01/11/20 31/08/23
Lois Howell Director of Governance & Risk 06/07/20 31/05/23
Director of Nursing, Midwifery, AHPs & Community
Juliet Pearce 01/11/21 31/08/23
Service
Charity Board of Trustees - Non-Executive Directors with Voting Rights
In post at 31st March 2024
Melloney Poole Chair 05/10/20
Tim Peachey Non-Executive Director 01/04/18 31/03/24
Debbie Beaven Non-Executive Director 01/01/22 29/02/24
Phil Berrington Non-Executive Director 01/01/22
Inga Kennedy Non-Executive Director 01/04/22 31/03/24
Sara Weech Non-Executive Director 28/01/23
Stephen Brooks Non-Executive Director 01/01/24
**----- End of picture text -----**
The Trust Board has approved the establishment of a body to be known as the Charity Board of Trustees, on which voting members of the Board of Directors will sit, for the purpose of:
The Trust Board delegated the authority for the management of the Charity to the Trust’s Charity Board of Trustees. No member of the Trust Board received remuneration from the Charity during the year. The Trust Board is remunerated by the Trust for their role as Executive and Non-Executive Directors of the Trust.
Overseeing the management of the affairs of the Charity on behalf of the Trust, the sole Corporate Trustee of the Charity;
Ensuring that the Charity operates within the terms of its Trust Deed and appropriate registration with the Charity Commission.
In particular the Charity Board of Trustees:
manages the affairs of the Charity within the terms of its Trust Deed and appropriate legislation; oversees the investment of funds in accordance with the Trustee Act 2000 and, if necessary, appoints fund managers to act on its behalf; ensures funding decisions are appropriate and consistent with the Charity’s objectives, to ensure such funding provides added value and public benefit; receives regular reports on the performance of any charitable fundraising activities; oversees the implementation, as appropriate, of procedures and policies to ensure accounting systems are robust, donations are received and coded as instructed and that all expenditure is reasonable, and ethically appropriate;
approves the annual accounts and report of the charity, ensuring that all relevant information is disclosed
reviews and approves any returns/ information required to be submitted by legislation to NHS England & Improvement and the Department of Health & Social Care or the Charity Commission; makes arrangements to induct new members of the Committee
## **Membership**
The Board of Trustees will include the following members: Chair of the Trust (Chair);
All voting Non-Executive Directors on the Board of Directors;
All voting Executive Directors on the Board of Directors.
All members listed above have voting rights on the Charity Board of Trustees.
The Chair of the Charity Board of Trustees is also the Chair of the Board of Directors of the Trust.
In addition to the Charity Board of Trustees, there is also a Charity Assurance Committee which meets monthly, for the purpose of:
Monitoring progress of Charity against strategic and/or operational plans.
- Oversee and recommend charitable funds expenditure between £5,000-£15,000 in accordance with charitable funds policies. Recommendations are made to the CFO to progress under their scheme of delegation. Review bids of £15,000+ ahead of submission to the Charity board On a monthly basis receive and review a list of all charitable funds expenditure, to include grants of <£5,000 Review the Charity Risk Register Receive and review annual charitable funds’ expenditure plans Ensure that Charity policies and procedures are updated and maintained in accordance with applicable Charity Law Ensure that the Charity Annual Report and Accounts are appropriately drafted for Charity Board Approval Ensure that any procedural documents relating to the Charity are appropriately written, ratified and monitored for compliance in accordance with Trust Policy
- Ensure that systems and processes for the regular evaluation and monitoring of compliance against any relevant internal and external assessment, standards or criteria are established, developed and maintained.
The Charity Assurance Committee included the following members until December 2023:
Director of Governance & Risk (when post became vacant DoF became Chair) Director of Finance Medical Director Director of Nursing, Midwifery & AHPs Director of People and Organisational Development
From January 2024, in line with the partnership between the Isle of Wight NHS Trust Charity and Portsmouth Hospitals University NHS Trust, the two respective charities (Isle of Wight NHS Trust Charity and Portsmouth Hospitals Charity) will work in greater partnership. This will include Charity Assurance Committee and Board Meetings in Common. They will remain seperate statuatory bodies.
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## **Charity Information**
Each of the funds has at least two signatories who act as fund holders on a day to day basis. It is expected that the fund holders manage these funds in accordance with the Standing Financial Instructions, Standing Orders, Charitable Funds Code of Procedures and Scheme of Delegation as set by the Corporate Trustee.
There have been no material changes to these policies and procedures this year.
The objectives of the Charity and its Special Purpose/ Speciality Charities are as follows: Funds are held for any charitable purpose relating to the National Health Service.
## Speciality charities
Funds are held for any charitable purpose relating to the specialty services provided by Isle of Wight NHS Trust.
Members of the Trust Board and the Charity Board of Trustees are not individual trustees under charity law but act as agents on behalf of the Corporate Trustee. Non-Executive Members of the Trust Board are appointed by NHS England & Improvement and Executive members of the Board and are subject to recruitment by the NHS Board. The NHS Trust, as Corporate Trustee, appoints a Charity Board of Trustees to manage the Charity under delegated authority.
Acting for the Corporate Trustee, the Charity Board of Trustees is responsible for the overall management of the Charitable Fund and meet quarterly.
The Charity Board of Trustees is required to:
Keep proper accounting records which disclose with reasonable accuracy the financial position of the fund held on trust and to enable them to ensure that the accounts comply with requirements in the Charities
Act and the Statement of Recommended Practice by charities (SORP) 2015, updated 2016.
Establish and monitor a system of internal control. Establish arrangements for the prevention and detection of fraud and corruption.
Advise the Trust Board on the performance and risks of the Charity.
Review and approve the Annual Report and Financial Statements.
The accounting records and day-to-day administration of the fund are dealt with by the Senior Financial Accountant at the principal address
## **Activities**
Isle of Wight NHS Trust Charity ensures that all activities carried out to raise funds are in line with the Fundraising Regulator and Codes of Practice and the Charity’s internal processes and policies. The Team are aware of donors wishes ensuring that these are honoured and communicated with the donor. In the year 2023/24 we received no complaints. The Fundraising Team have mandatory training each year on safeguarding for vulnerable adults and this is then integrated into supporting vulnerable donors to ensure they are protected.
## **Public benefit**
The Trustees confirm they have paid due regard to Charity Commission guidance on public benefit in deciding what activities the Charity have undertaken during the year and have continued to support a wide range of charitable activities. These include charitable grant funding for the Trust and fundraising across a number of platforms to raise more funds.
In awarding grants the Trustee is aware of its responsibilities under charity law in ensuring the maintenance of public benefit in all aspects of its work. Funding patient and staff welfare, improvements and amenities is, by definition, meeting public benefit.
Isle of Wight NHS Trust is the main beneficiary of the Charity and is a related party by virtue of being the Corporate Trustee of the Charity. However, when the Trust Board is making decisions regarding the Charity it does so with the best interests of the Charity in mind and with consideration of Charity Commission guidance, Charity law and the expressed wishes of donors.
By working in partnership with the Trust, charitable funds are used to best effect for the benefit of patients and staff. When deciding upon the most beneficial way to use funds, the Corporate Trustee has regard to the main activities, objectives, strategies and plans of the Trust.
The Charity achieves its purpose by making charitable grants to the Trust to fund expenditure on equipment and by direct expenditure on staff, education, environmental improvements and other complimentary services. e
## **Reference and Administrative Details**
## **Registered and Working Name**
Isle of Wight NHS Trust Charity
## **Registered Charity Number**
1049606
## **Registered Address**
Isle of Wight NHS Trust Charity, St Mary’s Hospital, Newport, Isle of Wight, PO30 5TG
## **Principal Address**
Isle of Wight NHS Trust Charity, St Mary’s Hospital, Newport, Isle of Wight, PO30 5TG
## **Charity Contact Details**
Tel: 02392 283392 E-Mail: iownt.charity@nhs.net www.iow..nhs.uk/get-involved/charitable-funds
Review the Governance Report and confirm any nonadjusted accounting errors.
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Isle of Wight NHS Trust Charity, St Mary’s Hospital, Newport, Isle of Wight, PO30 5TG
01983 822 099 ext 6274 iownt.charity@nhs.net iow.nhs.uk/get-involved/charitable-funds
Charity Registration No. 1049606