**Welsh Ambulance Services NHS Trust Charity Registered Number: 1050084**
**Annual Report 2020/21**
## **Contents**
||
**Contents**|
|---|---|
||Page|
|**1.**|**Reference and Administrative Details**............................................................................................. 2|
|**2.**|**Structure, Governance and Management**....................................................................................... 5|
||2.1
Trusteeship ................................................................................................................................. 5|
||2.2
Operation of Funds...................................................................................................................... 5|
||2.3
Air Ambulance Appeal ................................................................................................................. 6|
|**3**|**Objectives and Activities**.................................................................................................................. 6|
|**4**|**Achievements and Performance**...................................................................................................... 7|
||4.1
Background ................................................................................................................................. 7|
||4.2
Income ........................................................................................................................................ 7|
||4.3
Expenditure ................................................................................................................................. 7|
||4.4
Summary ..................................................................................................................................... 8|
|**5**|**Financial Review**............................................................................................................................... 8|
||5.1
Reserves Policy (fund balances) ................................................................................................. 8|
||5.2
Investment and Grant Making Policies ........................................................................................ 8|
|**6**|**Trustee's Statement on the Accounts**............................................................................................. 9|
|**7**|**Plans for the Future**.......................................................................................................................... 9|
|**APPENDIX A**............................................................................................................................................ 11||
|**2020/2021 Funds held on Trust Accounts**............................................................................................ 11||
1
## **1. Reference and Administrative Details**
## **Name of charity:**
## ‘WELSH AMBULANCE SERVICES NHS TRUST CHARITY’
The Welsh Ambulance Services NHS Trust Charity (registration number 1050084) is registered as a charity with the Charity Commission for England and Wales.
The Welsh Ambulance Services NHS Trust is a corporate body in its own right. It is led by a Board of Directors comprising a Chairman, seven Non-Executive Directors, a Chief Executive, a Director of Finance and three other Executive Directors. The Trust acts as the Corporate Trustee of the Charitable Funds held on behalf of the ambulance services in Wales. During the year 2020/21 the members of the Trust Board were:
## **Chairman:**
Martin Woodford
## **Non-Executive Directors:**
Kevin Davies (Charitable Funds Committee Chairman)
Pamela Hall (retired on 31st December 2020)
Emrys Davies
Paul Hollard
Martin Turner
Bethan Evans
Joga Singh
2
## **Executive Directors:**
Jason Killens Chief Executive Dr Brendan Lloyd Medical Director/ Interim Deputy Chief Executive Christopher Turley Executive Director of Finance and Corporate Resources Claire Vaughan Executive Director of Workforce and Organisational Development Claire Roche Executive Director Quality and Nursing
## **Address of Principal Office:**
## **Treasurer:**
**Bankers:**
**Auditors:**
Welsh Ambulance Services NHS Trust Ty Elwy Ffordd Richard Davies St Asaph Business Park St Asaph Denbighshire, LL17 0LJ
Chris Turley Director of Finance & Corporate Resources Welsh Ambulance Services NHS Trust Vantage Point House Ty Coch Way CWMBRAN NP44 7HF Barclays Bank plc Corporate Banking Centre 70 Kingsway Swansea, SA1 5JB
## Audit Wales
3
Ground Floor, Unit 5325 North Wales Business Park Abergele Conwy LL22 8LJ **Solicitors:** Blake Morgan Bradley Court Park Place Cardiff CF10 3DP **Registered Charity Number:** 1050084
4
## **2. Structure, Governance and Management**
## **2.1 Trusteeship**
All funds donated for the benefit of ambulance services in Wales are held within this Charity. Separately identifiable designated sub funds are held within the main Charity’s umbrella these being three Regional General Purpose funds, a National General Purpose fund, three Community First Responder Schemes, a Bursary Fund a restricted Ambulance Equipment Fund and a (new) restricted EMS Ambulance Fund.
The Trust Board is the sole corporate trustee of the charity managed by the Welsh Ambulance Services NHS Trust and is accountable for its administration and stewardship. The duties, responsibilities and liabilities of trusteeship lie with the body corporate.
On appointment Executive and Non-Executive Directors take part in an informal induction programme and they are made aware, as Board members, of their responsibilities as the Corporate Trustee of Welsh Ambulance Services NHS Trust Charity. The Charitable Funds Committee regularly overviews the aims, objectives and recent performance of the charitable fund. The Committee is also updated regularly with any changes in Charitable Fund legislation.
Members of the Charitable Funds Committee are aware of their responsibilities and aim to ensure that:
- a. All legislation and Charity Commission regulations are complied with.
- b. The Trust’s rules and regulations are adequate and are adhered to.
- c. The Trust’s charitable funds investment policy is approved by the Board and kept under regular review.
- d. The financial activities and the statement of affairs of the Trust’s charity are
- regularly reviewed.
- e. Expenditure approvals are given by the Board for expenditure requests over delegated thresholds.
- f. Delegated financial limits are approved for charitable fund expenditure.
## **2.2 Operation of Funds**
During the year ending 31st March 2021 the following occurred:-
- The Trust’s Charitable Funds Committee met twice during the year to review the affairs of the Charity and the management arrangements for all of the Charity’s funds;
- The Trustee received reports on the management of the Charity’s funds. Additional reports were also received by the Trustee for consideration and approval on the Charity’s operations;
- Individual charitable transactions have been subject to formal control procedures and reported to nominated fundholders on a regular basis;
- The Auditor General for Wales will issue a report on the accounts following an Independent Examination of the financial statements. It is the Auditor General for Wales’ responsibility to examine the accounts, following procedures laid down by the Charity Commission, and state any particular matters that have come to his attention.
## • **Air Ambulance Appeal**
Over 15 years ago an appeal was launched to fund the long-term operation of an air ambulance service for Wales. This appeal has been registered as a separate charity with the Charity Commission. Therefore, no air ambulance appeal funds are held within the Welsh Ambulance Services NHS Trust Charitable Fund accounts.
## **3. Objectives and Activities**
Ambulance services in Wales receive numerous voluntary donations and gifts mainly from local communities within the principality. These gifts in law are regarded as charitable donations and as such are administered under the laws of trusteeship and the charitable acts laid down in statute.
All donations received are held in a separate charitable trust account and are used in accordance with the Charity’s objectives as laid down in the governing document approved by the Charity Commission. Although the general objectives of the Charity are fairly wide ranging i.e. with reference to utilising funds “for any charitable purpose or purposes relating to the National Health Service”, they are principally used to purchase amenities for the benefit of ambulance staff, together with providing additional training resources to further enhance the quality and standards of care provided by ambulance services in Wales.
The Welsh Ambulance Services NHS Trust Charity are sincerely grateful for the donations and legacies received, which are usually associated with the delivery of professional services and high standards of patient care provided by individual members of the service.
The recognition and support given to the ambulance service within Wales is appreciated and we would like to thank everyone for their continued support.
6
## **Achievements and Performance**
## **4.1 Background**
The Welsh Ambulance Services NHS Trust charitable funds' overall prime aim is to benefit patient care. Therefore, the Trustee has a reserves policy of encouraging funds to be spent (in accordance with the donors' wishes) rather than to be accumulated. During 2020/21 £20k (2019/20 £53k) was spent during the year to enhance the standards of patient care and ambulance staff welfare.
## **4.2 Income**
Total Income during the year was £358k (2019/20 £28k). This is made up of donations of £169k (2019/20 £26k) plus £188k (2019/20 Nil) in respect of two legacies and £1k (2019/20 £1k) from other incoming resources.
In respect of the donations received, a large proportion of these, some £137k, related to donations made as a direct result of Covid-19 pandemic external campaigns. A further £32k related to numerous individual donations of small value. Their collective worth to the continued support of ambulance patient care throughout Wales cannot be overstated. The Trustee would like to thank all the individuals who have contributed to the charity during the year, particularly in a difficult climate of competing calls on their charitable giving.
In respect of the legacies received, £185k related to a specific legacy for the purchase of an EMS Ambulance to be used to purchase a fully equipped Emergency Ambulance (fast response) for use in responding to emergency life threatening calls and to be based in Aberystwyth to serve the population of the surrounding area.
No specific fundraising activities were performed by the Charity during the year.
There was a £46k unrealised investment gain for the year to 31[st] March 2021 (£10k loss in 2019/20). Unrealised gains occur due to increases in market value, these can fluctuate up or down according to market performance.
## **4.3 Expenditure**
Total expenditure on charitable activities during the year amounted to £30k (2019/20 £63k). Of this, £3k (2019/20 £7k) was used to purchase a wide range of medical equipment and medical and surgical items for use on ambulances to enhance prehospital emergency care and £10k on management fees.
The Welsh Ambulance Services NHS Trust has over 3,600 staff based across the whole of Wales. During the year £17k (2019/20 £46k) was spent from charitable funds for the benefit of staff and amenities. As a result of the pandemic no bursaries were awarded to staff for training and development purposes during 2020-21 (2019-20 £4k).
7
Total management expenses in the year amounted to £10k (2019/20 £10k) which represented 1.82% (2.59% 2019/20) of the average fund balances in the year.
## **4.4 Summary**
The total charitable fund balances held at 31st March 2021 were £737k (31[st] March 2020 £363k). Fund balances therefore increased by £374k during the year.
## **Financial Review**
## **5.1 Reserves Policy (fund balances** )
There are no recurrent commitments, other than the £10k management fee, against Charitable Fund Balances; donations are applied only to support non recurrent expenditure on staff and patient welfare.
The Trustee considers that public donations should be applied within a reasonable period of receipt, normally within 12 months, as long as there are no approved longterm plans that require accumulation of balances, and that expenditure represents appropriate use of funds. During the year income exceeded expenditure by £328k.
The Trustee actively encourages fund holders to use their funds rather than accumulate and look to reducing current balances.
The Trustee has in the past approved a budget and reserves policy with the aim of utilising charitable funds in accordance with the donor’s wishes. The Trustee also has an objective not to increase the total funds held between one year and the next unless special circumstances arose in accordance with the purposes for which the funds were given e.g., if funds were given to contribute towards a purchase in a future time period.
During this financial year £185k was received as a specific legacy for the purchase of an EMS Ambulance. Procurement and commissioning of this ambulance has taken place during the autumn of 2021. The commissioning of a commemorative Covid-19 coin at a cost of c£54k also took place during 2021 and distribution of these to staff commenced in quarter three of 2021/22. These two items will go a long way to reduce funds that have accumulated as a result of the Covid-19 pandemic. The Charitable Funds Committee in conjunction with Charitable Funds managers continue to consider further options to expend the remaining accumulated funds.
## **5.2 Investment and Grant Making Policies**
The Charity’s investment policy is in accordance with the governing document as approved by the Charity Commission. This is to hold a minimum of 20% in interest earning bank accounts and a maximum of 50% in fixed income or equity funds. This
8
is in order to obtain the maximum return on investment with the minimum of risk to the funds.
The Charity does not currently have a policy of making grants to other bodies and none were made during the 2020/21 financial year.
## **Trustee's Statement on the Accounts**
The full annual accounts 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,
- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102),
- the Charities Act 2011, and
- UK Generally Accepted Practice as it applies from 1 January 2015.
They were approved by the Trustee on 27[th] January 2022. The annual accounts have been subjected to an Independent Examination and will be submitted to the Charity Commission.
The Trustee confirms that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objectives and granting of expenditure. Details of types of payments made during the year are described below. As a result of this expenditure members of the public accessing ambulance services either as patients or carers / relatives will benefit from the enhancement of equipment and services funded by them.
Patients’ Welfare - Purchase of small pieces of equipment and enhancement of services and facilities over and above that normally provided by the NHS.
Staff Welfare - Enhancement of staff facilities and by providing education over and above that would normally be provided by the NHS. Capital Equipment - Purchase of equipment in addition to or an enhancement of that which would be normally provided by the NHS.
## **Plans for the Future**
The charity will continue to support staff with a view to enhancing patient experience.
9
Chris Turley …………………………………………………
Director of Finance and Corporate Resources On behalf of the Trustee 27 January 2022
The full 2020/21 accounts are shown at **Appendix A** in this report. Additional copies of the Trust's Charitable Fund Accounts are available on request from the following address:-
Chris Turley Director of Finance and Corporate Resources Welsh Ambulance Services NHS Trust Vantage Point House Ty Coch Way CWMBRAN NP44 7HF
Tel: 01633 626201
10
## **APPENDIX A**
**2020/21 Funds held on Trust Accounts**
11
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## WELSH AMBULANCE SERVICES NHS TRUST CHARITY
The accounts for Funds Held on Trust.
## **FOREWORD**
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.
## **STATUTORY BACKGROUND**
The NHS Trust is the corporate trustee of the funds held on trust under paragraph 16c of Schedule 2 of the NHS and Community Care Act 1990.
The Trustee has been appointed under s11 of the NHS and Community Care Act 1990.
The Welsh Ambulance Services NHS Trust charitable funds held on trust are registered with the Charity Commission and include funds in respect of Ambulance services throughout Wales.
## **MAIN PURPOSE OF THE FUNDS HELD ON TRUST**
The main purpose of the charitable funds held on trust is to apply income for any charitable purposes relating to the National Health Service wholly or mainly for the services provided by the Welsh Ambulance Services NHS Trust.
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**Incoming resources**
**Incoming resources from generated funds**
Income from donations and legacies
Donations
Legacies
**2**
Investment income
**3**
Other incoming resources
**Total incoming resources**
**Expenditure on**
**Charitable activities**
**4**
**Total resources expended**
**Gains / (Losses) on investment assets**
**Net incoming /(outgoing) resources before**
**transfers**
**Net movement in funds**
**Fund balances brought forward as at 1 April 2020**
**Fund balances carried forward as at 31 March 2021**|**Unrestricted**
**funds**
**£000**
169
3
-
1|**Restricted**
**Income**
**funds**
**£000**
-
185
-
-|**Endowment**
**funds**
**£000**
-
-
-
-
**-**
-
**-**
-
**-**
**-**
-|**Total**
**2020-21**
**£000**
**169**
**188**
**-**
**1**|Total
2019-20
£000
26
-
1
1
|
|---|---|---|---|---|---|
||**173**|**185**||**358**|28|
||30|-||**30**|63|
||**30**|**-**||**30**|63|
||46|-||46|(10)|
||**189**|**185**||**374**|(45)|
|||||||
||**189**|**185**||**374**|(45)|
||**309**|**54**||**363**|408|
||**498**|**239**|**-**|**737**|363|
1
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **BALANCE SHEET AS AT 31 MARCH 2021**
|**Unrestricted**
**funds**
**£000**
**Note**
**Fixed assets**
Investments
**8/9**
**356**
**Total fixed assets**
**356**
**Current assets**
Debtors
**10**
**1**
Investments
**11**
**139**
Cash at bank and in hand
**252**
**Total current assets**
**392**
**Liabilities**
Creditors: Amounts falling
due within one year
**12**
**11**
**Net current assets**
**381**
**Total assets less current liabilities**
**737**
**Funds of the charity:**
Unrestricted income funds
**498**
Restricted income funds
Endowment funds
**Total funds**
**13**
**498**
**Chris Turley ....................................**
**Director of Finance and Corporate Resources**
27th January 2022|**Restricted**
**Income**
**Endowment**
**Total**
Total
**funds**
**funds**
**2020-21**
2019-20
**£000**
**£000**
**£000**
£000
**-**
**-**
**356**
181
**-**
**-**
**356**
181
**-**
**-**
**1**
1
**-**
**139**
139
**-**
**-**
**252**
53
**-**
**-**
**392**
193
**-**
**-**
**11**
11
**-**
**-**
**381**
182
**-**
**-**
**737**
363
**498**
309
**239**
**239**
54
-
-
**239**
**-**
**737**
363
**Kevin Davies .........................................**
**Chairman (Charitable Funds Committee)**
27th January 2022|Total
2019-20
£000
181|
|---|---|---|
|||181|
|||1
139
53|
|||193|
|||11|
|||182|
||||
|||363|
|||309
54
-|
|||363|
2
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
|**STATEMENT OF CASH FLOWS FOR THE YEAR**|**ENDING**|**31 MARCH**|**2021**|
|---|---|---|---|
|||**Total**|Total|
|||**Funds**|Funds|
|||**2020-21**|2019-20|
||**Note**|**£000**|£000|
|**Cash flows from operating activities:**||||
|**Net cash provided by (used in) operating activities**|**14**|**328**|(31)|
|**Cash flows from investing activities:**||||
|Cash payments to acquire investments|**8**|**(129)**|(75)|
|**Net cash provided by (used in) investing activities**||**(129)**|(75)|
|**Change in cash and cash equivalents in the**||**199**|(106)|
|**reporting period**||||
|**Cash and cash equivalents at the begining of the**|**15**|**192**|298|
|**reporting period**||||
|**Cash and cash equivalents at the end of the**|**15**|**391**|192|
|**reporting period**||||
3
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **NOTES TO THE ACCOUNTS**
## **Accounting policies**
## **1.1 Accounting convention 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 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 financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Trustees consider that there are no material uncertainties about the Charity's 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 or investment income but the trustees have arrangements in place to mitigate those risks (see the reserves sections of the annual report for more information).
## **1.2 Funds structure**
Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified either as:
- ●A restricted fund or
- ●An endowment fund.
Restricted funds are those where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. The Charity’s restricted funds usually result from legacies for specified purposes.
Endowment funds arise when the donor has expressly provided that the gift is to be invested and only the income of the fund may be spent. These funds are sub analysed between those where the Trustees have the discretion to spend the capital (expendable endowment) and those where there is no discretion to expend the capital (permanent endowment).
The charity has no permanent endowment funds, and has two restricted funds. One was created during 2015/16, with a value of £54k and relates specifically to the purchase of ambulance equipment, a further restricted fund was created this year with a value of £185k, this is specifically for the purchase of an EMS Ambulance for use in the Aberystwyth and Ceredigion area.
Those funds which are neither endowment nor restricted income funds, are unrestricted income funds which are sub analysed between designated (ear-marked) funds where the Trustees have set aside amounts to be used for specific purposes or which reflect the non-binding wishes of donors and unrestricted funds which are at the Trustees’ discretion, including the general fund which represents the charity’s reserves. The major funds held in each of these categories are
4
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **Accounting policies (continued)**
## **1.3**
## **Incoming resources**
**a)** All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.
## **b)**
## **Legacies**
Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable.
Receipt is probable when:
- Confirmation has been received from the representatives of the estate(s) that probate has been granted
- The executors have established that there are sufficient assets in the estate to pay the legacy and
- All conditions attached to the legacy have been fulfilled or are within the charity’s control.
If there is uncertainty as to the amount of the legacy and it cannot be reliably estimated then the legacy is shown as a contingent asset until all of the conditions for income recognition are met.
## **c) Intangible income**
Intangible income (e.g. the provision of free accommodation) is included in the accounts with an equivalent amount in outgoing resources, if there is a financial cost borne by another party. The value placed on such income is the financial cost of the third party providing the resources.
## **1.4 Resources expended**
**a)** Expenditure is recognised when and to the extent that a liability is incurred. In accounts prepared on the accruals basis, liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure as described in Financial Reporting Standard 5 and 12. A liability will arise when a charity is under an obligation to make a transfer of value to a third party as a result of past transactions or events
## **b)**
## **Support Costs**
In undertaking any activity there may be support costs incurred that, whilst necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. Similarly, costs will be incurred in supporting income generation activities such as fundraising, and supporting governance of the charity.
Support costs do not, in themselves, constitute an activity, instead they enable output-creating activities to be undertaken.
## **c) Governance costs**
Governance costs comprise all costs incurred in the governance of the charity. These costs include costs related to statutory account preparation and audit together with strategic managment costs. Governance costs are apportioned as described in note 5 to the accounts.
5
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **Accounting policies (continued)**
## **1.5 Investment fixed assets**
Investment fixed assets are shown at market value. The following points should be taken into account when the valuations are being undertaken:-
- (i) Quoted stocks and shares are included in the balance sheet at mid-market price, ex-div;
- (ii) Other investment fixed assets are included at the trustee's best estimate market value.
- (iii) The date and amounts of the valuations;
- (iv) Where historical cost records are available, the carrying amount that would have been included in the financial statements had the investment assets been carried at historical cost less depreciation;
- (v) Whether the person(s) carrying out the valuation is (are) internal or external to the entity;
- (vi) Where the trustee is not aware of any material change in value and therefore the valuation(s) have not been updated, a statement to that effect; and
- (vii) Where the valuation has not been updated, or is not a full valuation, the date of the last full valuation.
6
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **2. Material Legacies**
As per 1.3 b) above, legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable.
Receipt is probable when:
- Confirmation has been received from the representatives of the estate(s) that probate has been granted
- The executors have established that there are sufficient assets in the estate to pay the legacy and
- All conditions attached to the legacy have been fulfilled or are within the charity’s control.
During the year one large legacy of £185,136.99 was received. This was bequeathed with the specific direction that it be used to purchase a fully equipped Emergency Ambulance (fast response) for responding to emergency life threatening calls and to be based in Aberystwyth to serve the population of the surrounding area.
## **3. Analysis of gross investment income**
|**Unrestricted**
**funds**
**£000**
Investments in a common deposit/investment fund
-
**Total gross income**
**-**|**Restricted**
**Income Endowment**
**funds**
**funds**
**£000**
**£000**
-
-
**-**
**-**|**Total**
**2020-21**
**£000**
**-**
**-**
|Total
2019-20
£000
1|
|---|---|---|---|
||||1|
## **4. Details of resources expended - charitable activities**
|**4. Details of resources expended - charitable activities**||||
|---|---|---|---|
|**Activities**
**undertaken**
**directly**
**£000**
Patient Education and Welfare
3
Staff Education and Welfare
17
**Total**
**20**|**Support**
**costs**
**£000**
5
5
**10**|**Total**
**2020-21**
**£000**
**8**
**22**
**30**|Total
2019-20
£000
12
51|
||||63|
7
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **5. Allocation of support costs**
Support and overhead costs are allocated over charitable activities. Governance costs are those support costs which relate to the strategic and day to day management of the charity.
|**Governance**
External auditor's costs
Internal audit
Producing statutory accounts
Strategic management cost
**Unrestricted**
**funds**
**£000**
Charitable activities
10
10|**Charitable**
**activities**
**£000**
2
1
5
2
10
**Restricted**
**funds**
**£000**
-
-|**Total**
**2020-21**
**£000**
2
1
5
2
10
**Total**
**2020-21**
**£000**
10
10|**Total**
**Basis of apportionment**
**2019-20**
**£000**
2
1
5
2
10
Average Balance of Fund
**Total**
**2019-20**
**£000**
10
10|
|---|---|---|---|
## **6. Auditor's remuneration**
The auditor's remuneration of £1500 (2019-20 £1,500) related solely to the independent examination with no other additional work undertaken.
## **7. Transfer between funds**
No Transfers were made between funds.
8
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **8. Analysis of fixed asset investments**
|**8. Analysis of fixed asset investments**|||
|---|---|---|
|**Market value at 1 April 2020**
Less: Disposal at carrying value
Add: Acquisitions at cost
Increase / (decrease) on cash awaiting investment
Net gain/ (loss) on revaluation
**Market value at 31 March 2021**|**Total**
**2020-21**
**£000**
**181**
**129**
**-**
**46**
**356**|Total
2019-20
£000
116
75
-
(10)|
|||181|
## **9. Analysis of market value**
|Investments in a common deposit/investment fund
**Total market value of fixed asset investments**|**Held**
**in UK**
**£000**
356
**356**|**Held**
**outside**
**UK**
**£000**
-
**-**|**Total**
**2020-21**
**£000**
**356**
**356**|Total
2019-20
£000
181|
|---|---|---|---|---|
|||||181|
The investment fund above is invested in the COIF Charities Investment Fund and the investment valuation has been performed by CCLA Investment Management Ltd.
9
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **10. Analysis of debtors**
|**Amounts falling due within one year:**
Trade debtors
Prepayments
Accrued income
Other debtors
Sub-total
**Amounts due over one year:**
Trade debtors
Prepayments
Accrued income
Other debtors
Sub-total
**Total debtors**|**Total**
**2020-21**
**£000**
**-**
**-**
**-**
**1**
**1**
**-**
**-**
**-**
**-**
**-**
**1**|Total
2019-20
£000
-
-
-
1|
|---|---|---|
|||1|
|||-
-
-
-
|
|||-
|
||||
|||1|
## **11. Current asset investments**
The current asset investments of £139,478 (2019-20 - £139,312) are sums held on deposit to facilitate cash flow.
No current asset investments were held in non cash investments or outside the UK during the year.
## **12. Analysis of creditors**
|**Amounts falling due within one year:**
Trade creditors
Other creditors
Sub-total
**Amounts due over one year:**
Loans and overdrafts
Trade creditors
Other creditors
Accruals
Deferred income
Sub-total
**Total creditors**|**Total**
**2020-21**
**£000**
**11**
**-**
**11**
**-**
**-**
**-**
**-**
**-**
**-**
**11**|Total
2019-20
£000
11
**-**|
|---|---|---|
|||11|
|||**-**
**-**
**-**
**-**
**-**|
|||**-**|
||||
|||11|
10
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **13. Analysis of funds - unrestricted, unrestricted designated and restricted funds**
|**Material designated funds**
North Region
Central & West Region
South East Region
First Responders North
Trust National Fund
First Responders South East
First Responders Central & West
Bursary Fund
**Total material designated funds**
**Material restricted funds**
EMS Ambulance Fund
Ambulance Equipment Fund
**Total material restricted funds**
**Total funds**|**Balance at**
**1 April **
**2020**
**£000**
108
30
11
14
127
2
-
17
**309**
-
54
**54**
**363**|**New**
**designation**
**/receipts**
**£000**
5
8
2
1
157
-
-
-
**173**
185
-
**185**
**358**|**Utilised/**
**released**
**£000**
(4)
(1)
(1)
(3)
(21)
-
-
-
**(30)**
-
**-**
**(30)**|**Gross**
**transfer**
**between**
**funds**
**£000**
-
-
-
-
-
-
-
-
**-**
-
**-**
-|**Gains and**
**losses**
**£000**
14
4
2
2
24
-
-
-
**46**
-
**-**
**46**|**Balance at**
**31 March**
**2021**
**£000**
123
41
14
14
287
2
-
17|
|---|---|---|---|---|---|---|
|||||||**498**|
|||||||185
54
|
|||||||**239**|
||||||||
|||||||**737**|
## **14. Reconciliation of net income / expenditure to net cash flow from operating activities**
|**Net income / (expenditure) (per Statement of Financial Activities)**
**Adjustment for:**
(Gains) / losses on investments
(Increase) / decrease in debtors
Increase / (decrease) in creditors
**Net cash provided by (used in) operating activities**|**Total**
**2020-21**
**£000**
**374**
**(46)**
**-**
**-**
**328**|Total
2019-20
£000
(45)
10
3
1|
|---|---|---|
|||(31)|
## **15. Analysis of cash and cash equivalents**
|Cash at bank and in hand
Notice deposits (less than 3 months)|**Total**
**2020-21**
**£000**
**252**
**139**
**391**|Total
2019-20
£000
53
139|
|---|---|---|
|||192|
11
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **16. Pooling scheme**
An official pooling scheme is operated for investments relating to the following schemes:
COIF Charities Deposit Fund
The scheme was registered with the Charity Commission on 28th March 2000.
## **17. Related party transactions**
During the year neither the trustee or members of the key management staff or parties related to them has undertaken any material transactions with the Welsh Ambulance Services NHS Trust Funds Held on Trust.
Board Members (and other senior staff) take decisions both on Charity and Exchequer matters but endeavour to keep the interests of each discrete and do not seek to benefit personally from such decisions. Declarations of personal interest have been made in both capacities and are available to be inspected by the public.
A recharge of governance costs of £10k (2019/20 £10k) was made during the year from the Welsh Ambulance Services NHS Trust to the charity.
The Summary Financial statements of the Welsh Ambulance Services NHS Trust are included in the annual report and accounts.
## **18. Post balance sheet events**
The Funds Held on Trust had no post balance sheet events having a material effect on the accounts.
## **19. Trustees' remuneration, benefits and expenses**
The charity does not make any payments for remuneration nor to reimburse expenses to the charity trustees for their work undertaken as trustee.
12
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **STATEMENT OF TRUSTEE'S RESPONSIBILITIES**
The trustee is responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financia statements, the trustee is required to:
- •select suitable accounting policies and then apply them consistently;
- •observe the methods and principles in the Charities SORP;
- •make judgments and estimates that are reasonable and prudent;
- •state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements ;
- •prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are
also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustee is responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **By order of the trustee**
Signed:
**Kevin Davies ......................................................... Chairman (Charitable Funds Committee)** 27th January 2022 **Chris Turley ................................................... Director of Finance and Corporate Resources** 27th January 2022
13
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **Report of the independent examiner to the trustees of the Welsh Ambulance Services NHS Trust Charity**
I report on the accounts of the Welsh Ambulance Services NHS Trust Charity for the year ended 31 March 2021, which are set out on pages 1 to 12.
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). You are satisfied that the accounts are not required to be audited by charity law and have chosen instead to have an independent examination. I report in respect of my examination of your charity’s accounts as carried out under section 150(3) of the Act; In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept as required by section 130 of the Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the applicable requirements concerning the form and content 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; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
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.
## **Adrian Crompton Auditor General for Wales**
24 Catherdral Road Cardiff CF11 9LJ
Date 28th January 2022
14
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## WELSH AMBULANCE SERVICES NHS TRUST CHARITY
The accounts for Funds Held on Trust.
## **FOREWORD**
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.
## **STATUTORY BACKGROUND**
The NHS Trust is the corporate trustee of the funds held on trust under paragraph 16c of Schedule 2 of the NHS and Community Care Act 1990.
The Trustee has been appointed under s11 of the NHS and Community Care Act 1990.
The Welsh Ambulance Services NHS Trust charitable funds held on trust are registered with the Charity Commission and include funds in respect of Ambulance services throughout Wales.
## **MAIN PURPOSE OF THE FUNDS HELD ON TRUST**
The main purpose of the charitable funds held on trust is to apply income for any charitable purposes relating to the National Health Service wholly or mainly for the services provided by the Welsh Ambulance Services NHS Trust.
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|**Note**
**Incoming resources**
**Incoming resources from generated funds**
Income from donations and legacies
Donations
Legacies
**2**
Investment income
**3**
Other incoming resources
**Total incoming resources**
**Expenditure on**
**Charitable activities**
**4**
**Total resources expended**
**Gains / (Losses) on investment assets**
**Net incoming /(outgoing) resources before**
**transfers**
**Net movement in funds**
**Fund balances brought forward as at 1 April 2020**
**Fund balances carried forward as at 31 March 2021**|**Unrestricted**
**funds**
**£000**
169
3
-
1|**Restricted**
**Income**
**funds**
**£000**
-
185
-
-|**Endowment**
**funds**
**£000**
-
-
-
-
**-**
-
**-**
-
**-**
**-**
-|**Total**
**2020-21**
**£000**
**169**
**188**
**-**
**1**|Total
2019-20
£000
26
-
1
1
|
|---|---|---|---|---|---|
||**173**|**185**||**358**|28|
||30|-||**30**|63|
||**30**|**-**||**30**|63|
||46|-||46|(10)|
||**189**|**185**||**374**|(45)|
|||||||
||**189**|**185**||**374**|(45)|
||**309**|**54**||**363**|408|
||**498**|**239**|**-**|**737**|363|
1
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **BALANCE SHEET AS AT 31 MARCH 2021**
|**Unrestricted**
**funds**
**£000**
**Note**
**Fixed assets**
Investments
**8/9**
**356**
**Total fixed assets**
**356**
**Current assets**
Debtors
**10**
**1**
Investments
**11**
**139**
Cash at bank and in hand
**252**
**Total current assets**
**392**
**Liabilities**
Creditors: Amounts falling
due within one year
**12**
**11**
**Net current assets**
**381**
**Total assets less current liabilities**
**737**
**Funds of the charity:**
Unrestricted income funds
**498**
Restricted income funds
Endowment funds
**Total funds**
**13**
**498**
**Chris Turley ....................................**
**Director of Finance and Corporate Resources**
27th January 2022|**Restricted**
**Income**
**Endowment**
**Total**
Total
**funds**
**funds**
**2020-21**
2019-20
**£000**
**£000**
**£000**
£000
**-**
**-**
**356**
181
**-**
**-**
**356**
181
**-**
**-**
**1**
1
**-**
**139**
139
**-**
**-**
**252**
53
**-**
**-**
**392**
193
**-**
**-**
**11**
11
**-**
**-**
**381**
182
**-**
**-**
**737**
363
**498**
309
**239**
**239**
54
-
-
**239**
**-**
**737**
363
**Kevin Davies .........................................**
**Chairman (Charitable Funds Committee)**
27th January 2022|Total
2019-20
£000
181|
|---|---|---|
|||181|
|||1
139
53|
|||193|
|||11|
|||182|
||||
|||363|
|||309
54
-|
|||363|
2
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
|**STATEMENT OF CASH FLOWS FOR THE YEAR**|**ENDING**|**31 MARCH**|**2021**|
|---|---|---|---|
|||**Total**|Total|
|||**Funds**|Funds|
|||**2020-21**|2019-20|
||**Note**|**£000**|£000|
|**Cash flows from operating activities:**||||
|**Net cash provided by (used in) operating activities**|**14**|**328**|(31)|
|**Cash flows from investing activities:**||||
|Cash payments to acquire investments|**8**|**(129)**|(75)|
|**Net cash provided by (used in) investing activities**||**(129)**|(75)|
|**Change in cash and cash equivalents in the**||**199**|(106)|
|**reporting period**||||
|**Cash and cash equivalents at the begining of the**|**15**|**192**|298|
|**reporting period**||||
|**Cash and cash equivalents at the end of the**|**15**|**391**|192|
|**reporting period**||||
3
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **NOTES TO THE ACCOUNTS**
## **Accounting policies**
## **1.1 Accounting convention 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 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 financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Trustees consider that there are no material uncertainties about the Charity's 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 or investment income but the trustees have arrangements in place to mitigate those risks (see the reserves sections of the annual report for more information).
## **1.2 Funds structure**
Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified either as:
- ●A restricted fund or
- ●An endowment fund.
Restricted funds are those where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. The Charity’s restricted funds usually result from legacies for specified purposes.
Endowment funds arise when the donor has expressly provided that the gift is to be invested and only the income of the fund may be spent. These funds are sub analysed between those where the Trustees have the discretion to spend the capital (expendable endowment) and those where there is no discretion to expend the capital (permanent endowment).
The charity has no permanent endowment funds, and has two restricted funds. One was created during 2015/16, with a value of £54k and relates specifically to the purchase of ambulance equipment, a further restricted fund was created this year with a value of £185k, this is specifically for the purchase of an EMS Ambulance for use in the Aberystwyth and Ceredigion area.
Those funds which are neither endowment nor restricted income funds, are unrestricted income funds which are sub analysed between designated (ear-marked) funds where the Trustees have set aside amounts to be used for specific purposes or which reflect the non-binding wishes of donors and unrestricted funds which are at the Trustees’ discretion, including the general fund which represents the charity’s reserves. The major funds held in each of these categories are
4
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **Accounting policies (continued)**
## **1.3**
## **Incoming resources**
**a)** All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.
## **b)**
## **Legacies**
Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable.
Receipt is probable when:
- Confirmation has been received from the representatives of the estate(s) that probate has been granted
- The executors have established that there are sufficient assets in the estate to pay the legacy and
- All conditions attached to the legacy have been fulfilled or are within the charity’s control.
If there is uncertainty as to the amount of the legacy and it cannot be reliably estimated then the legacy is shown as a contingent asset until all of the conditions for income recognition are met.
## **c) Intangible income**
Intangible income (e.g. the provision of free accommodation) is included in the accounts with an equivalent amount in outgoing resources, if there is a financial cost borne by another party. The value placed on such income is the financial cost of the third party providing the resources.
## **1.4 Resources expended**
**a)** Expenditure is recognised when and to the extent that a liability is incurred. In accounts prepared on the accruals basis, liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure as described in Financial Reporting Standard 5 and 12. A liability will arise when a charity is under an obligation to make a transfer of value to a third party as a result of past transactions or events
## **b)**
## **Support Costs**
In undertaking any activity there may be support costs incurred that, whilst necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. Similarly, costs will be incurred in supporting income generation activities such as fundraising, and supporting governance of the charity.
Support costs do not, in themselves, constitute an activity, instead they enable output-creating activities to be undertaken.
## **c) Governance costs**
Governance costs comprise all costs incurred in the governance of the charity. These costs include costs related to statutory account preparation and audit together with strategic managment costs. Governance costs are apportioned as described in note 5 to the accounts.
5
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **Accounting policies (continued)**
## **1.5 Investment fixed assets**
Investment fixed assets are shown at market value. The following points should be taken into account when the valuations are being undertaken:-
- (i) Quoted stocks and shares are included in the balance sheet at mid-market price, ex-div;
- (ii) Other investment fixed assets are included at the trustee's best estimate market value.
- (iii) The date and amounts of the valuations;
- (iv) Where historical cost records are available, the carrying amount that would have been included in the financial statements had the investment assets been carried at historical cost less depreciation;
- (v) Whether the person(s) carrying out the valuation is (are) internal or external to the entity;
- (vi) Where the trustee is not aware of any material change in value and therefore the valuation(s) have not been updated, a statement to that effect; and
- (vii) Where the valuation has not been updated, or is not a full valuation, the date of the last full valuation.
6
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **2. Material Legacies**
As per 1.3 b) above, legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable.
Receipt is probable when:
- Confirmation has been received from the representatives of the estate(s) that probate has been granted
- The executors have established that there are sufficient assets in the estate to pay the legacy and
- All conditions attached to the legacy have been fulfilled or are within the charity’s control.
During the year one large legacy of £185,136.99 was received. This was bequeathed with the specific direction that it be used to purchase a fully equipped Emergency Ambulance (fast response) for responding to emergency life threatening calls and to be based in Aberystwyth to serve the population of the surrounding area.
## **3. Analysis of gross investment income**
|**Unrestricted**
**funds**
**£000**
Investments in a common deposit/investment fund
-
**Total gross income**
**-**|**Restricted**
**Income Endowment**
**funds**
**funds**
**£000**
**£000**
-
-
**-**
**-**|**Total**
**2020-21**
**£000**
**-**
**-**
|Total
2019-20
£000
1|
|---|---|---|---|
||||1|
## **4. Details of resources expended - charitable activities**
|**4. Details of resources expended - charitable activities**||||
|---|---|---|---|
|**Activities**
**undertaken**
**directly**
**£000**
Patient Education and Welfare
3
Staff Education and Welfare
17
**Total**
**20**|**Support**
**costs**
**£000**
5
5
**10**|**Total**
**2020-21**
**£000**
**8**
**22**
**30**|Total
2019-20
£000
12
51|
||||63|
7
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **5. Allocation of support costs**
Support and overhead costs are allocated over charitable activities. Governance costs are those support costs which relate to the strategic and day to day management of the charity.
|**Governance**
External auditor's costs
Internal audit
Producing statutory accounts
Strategic management cost
**Unrestricted**
**funds**
**£000**
Charitable activities
10
10|**Charitable**
**activities**
**£000**
2
1
5
2
10
**Restricted**
**funds**
**£000**
-
-|**Total**
**2020-21**
**£000**
2
1
5
2
10
**Total**
**2020-21**
**£000**
10
10|**Total**
**Basis of apportionment**
**2019-20**
**£000**
2
1
5
2
10
Average Balance of Fund
**Total**
**2019-20**
**£000**
10
10|
|---|---|---|---|
## **6. Auditor's remuneration**
The auditor's remuneration of £1500 (2019-20 £1,500) related solely to the independent examination with no other additional work undertaken.
## **7. Transfer between funds**
No Transfers were made between funds.
8
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **8. Analysis of fixed asset investments**
|**8. Analysis of fixed asset investments**|||
|---|---|---|
|**Market value at 1 April 2020**
Less: Disposal at carrying value
Add: Acquisitions at cost
Increase / (decrease) on cash awaiting investment
Net gain/ (loss) on revaluation
**Market value at 31 March 2021**|**Total**
**2020-21**
**£000**
**181**
**129**
**-**
**46**
**356**|Total
2019-20
£000
116
75
-
(10)|
|||181|
## **9. Analysis of market value**
|Investments in a common deposit/investment fund
**Total market value of fixed asset investments**|**Held**
**in UK**
**£000**
356
**356**|**Held**
**outside**
**UK**
**£000**
-
**-**|**Total**
**2020-21**
**£000**
**356**
**356**|Total
2019-20
£000
181|
|---|---|---|---|---|
|||||181|
The investment fund above is invested in the COIF Charities Investment Fund and the investment valuation has been performed by CCLA Investment Management Ltd.
9
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **10. Analysis of debtors**
|**Amounts falling due within one year:**
Trade debtors
Prepayments
Accrued income
Other debtors
Sub-total
**Amounts due over one year:**
Trade debtors
Prepayments
Accrued income
Other debtors
Sub-total
**Total debtors**|**Total**
**2020-21**
**£000**
**-**
**-**
**-**
**1**
**1**
**-**
**-**
**-**
**-**
**-**
**1**|Total
2019-20
£000
-
-
-
1|
|---|---|---|
|||1|
|||-
-
-
-
|
|||-
|
||||
|||1|
## **11. Current asset investments**
The current asset investments of £139,478 (2019-20 - £139,312) are sums held on deposit to facilitate cash flow.
No current asset investments were held in non cash investments or outside the UK during the year.
## **12. Analysis of creditors**
|**Amounts falling due within one year:**
Trade creditors
Other creditors
Sub-total
**Amounts due over one year:**
Loans and overdrafts
Trade creditors
Other creditors
Accruals
Deferred income
Sub-total
**Total creditors**|**Total**
**2020-21**
**£000**
**11**
**-**
**11**
**-**
**-**
**-**
**-**
**-**
**-**
**11**|Total
2019-20
£000
11
**-**|
|---|---|---|
|||11|
|||**-**
**-**
**-**
**-**
**-**|
|||**-**|
||||
|||11|
10
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **13. Analysis of funds - unrestricted, unrestricted designated and restricted funds**
|**Material designated funds**
North Region
Central & West Region
South East Region
First Responders North
Trust National Fund
First Responders South East
First Responders Central & West
Bursary Fund
**Total material designated funds**
**Material restricted funds**
EMS Ambulance Fund
Ambulance Equipment Fund
**Total material restricted funds**
**Total funds**|**Balance at**
**1 April **
**2020**
**£000**
108
30
11
14
127
2
-
17
**309**
-
54
**54**
**363**|**New**
**designation**
**/receipts**
**£000**
5
8
2
1
157
-
-
-
**173**
185
-
**185**
**358**|**Utilised/**
**released**
**£000**
(4)
(1)
(1)
(3)
(21)
-
-
-
**(30)**
-
**-**
**(30)**|**Gross**
**transfer**
**between**
**funds**
**£000**
-
-
-
-
-
-
-
-
**-**
-
**-**
-|**Gains and**
**losses**
**£000**
14
4
2
2
24
-
-
-
**46**
-
**-**
**46**|**Balance at**
**31 March**
**2021**
**£000**
123
41
14
14
287
2
-
17|
|---|---|---|---|---|---|---|
|||||||**498**|
|||||||185
54
|
|||||||**239**|
||||||||
|||||||**737**|
## **14. Reconciliation of net income / expenditure to net cash flow from operating activities**
|**Net income / (expenditure) (per Statement of Financial Activities)**
**Adjustment for:**
(Gains) / losses on investments
(Increase) / decrease in debtors
Increase / (decrease) in creditors
**Net cash provided by (used in) operating activities**|**Total**
**2020-21**
**£000**
**374**
**(46)**
**-**
**-**
**328**|Total
2019-20
£000
(45)
10
3
1|
|---|---|---|
|||(31)|
## **15. Analysis of cash and cash equivalents**
|Cash at bank and in hand
Notice deposits (less than 3 months)|**Total**
**2020-21**
**£000**
**252**
**139**
**391**|Total
2019-20
£000
53
139|
|---|---|---|
|||192|
11
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **16. Pooling scheme**
An official pooling scheme is operated for investments relating to the following schemes:
COIF Charities Deposit Fund
The scheme was registered with the Charity Commission on 28th March 2000.
## **17. Related party transactions**
During the year neither the trustee or members of the key management staff or parties related to them has undertaken any material transactions with the Welsh Ambulance Services NHS Trust Funds Held on Trust.
Board Members (and other senior staff) take decisions both on Charity and Exchequer matters but endeavour to keep the interests of each discrete and do not seek to benefit personally from such decisions. Declarations of personal interest have been made in both capacities and are available to be inspected by the public.
A recharge of governance costs of £10k (2019/20 £10k) was made during the year from the Welsh Ambulance Services NHS Trust to the charity.
The Summary Financial statements of the Welsh Ambulance Services NHS Trust are included in the annual report and accounts.
## **18. Post balance sheet events**
The Funds Held on Trust had no post balance sheet events having a material effect on the accounts.
## **19. Trustees' remuneration, benefits and expenses**
The charity does not make any payments for remuneration nor to reimburse expenses to the charity trustees for their work undertaken as trustee.
12
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **STATEMENT OF TRUSTEE'S RESPONSIBILITIES**
The trustee is responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financia statements, the trustee is required to:
- •select suitable accounting policies and then apply them consistently;
- •observe the methods and principles in the Charities SORP;
- •make judgments and estimates that are reasonable and prudent;
- •state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements ;
- •prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are
also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustee is responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **By order of the trustee**
Signed:
**Kevin Davies ......................................................... Chairman (Charitable Funds Committee)** 27th January 2022 **Chris Turley ................................................... Director of Finance and Corporate Resources** 27th January 2022
13
WELSH AMBULANCE SERVICES NHS TRUST CHARITY Funds Held on Trust Accounts 2020-2021
## **Report of the independent examiner to the trustees of the Welsh Ambulance Services NHS Trust Charity**
I report on the accounts of the Welsh Ambulance Services NHS Trust Charity for the year ended 31 March 2021, which are set out on pages 1 to 12.
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). You are satisfied that the accounts are not required to be audited by charity law and have chosen instead to have an independent examination. I report in respect of my examination of your charity’s accounts as carried out under section 150(3) of the Act; In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept as required by section 130 of the Act; or
- the accounts do not accord with those records; or
- the accounts do not comply with the applicable requirements concerning the form and content 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; or
- the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
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.
## **Adrian Crompton Auditor General for Wales**
24 Catherdral Road Cardiff CF11 9LJ
Date 28th January 2022
14