Norih Wesi Anglia HosJpii(Jls Chdrily for tlie Jiear rtlding 31 March 20?4 Re&.slered ChoriÉyNo. 1050601Regislered Charily No. J050¢501 G¢1￿3 ovey rtbdve ¥oY 0￿y North West Anglia Hospitals Charity Registered Charity No. 1050601 Annual report and financial statements for the year ending 31 March 2024 North WestAnglia Hospitsrls CharEry for theyear ending 31 March 2024 RegLftered Charity No. 1050601 Contents Pago Going over and above Who we are Our priorities Our performance against our objectives Plans for Future Periods {Objectives) Financial Review Structure. Governance and Management Corporate Trustee Annual Report Legal and administrative information Reference and administrative details 16 16 Statemenl of trustee's responsibilities Independent Auditors Report Financial Statements 17 18 22 21Page North West Anglia Ho.8piials Charity for the J'ear ending 31 MaKh 2024 Regislered Charily Jvo. JOS0001 Going over and above We are proud to report that our patients, staff, visitors and volunteers across our hospital sites have been able to benefit from improved services and facilities supported by North West Anglia Hospitsls Charity in 2023-24. Thanks to generous donations and legacies received from patients, relatives, staff and other individuals and organisations the Charity has been able to achieve its priorities in an ever- expanding variety of ways during this period. For this, the Trustees give their heartFelt thanks to all. Your vital donations help provide those added extras that extend 'over and above. the support that the NHS is able to provide- the type of 'extras' that provide home comforts to improve the wellbeing of patients and staff. enhan￿ the hospital environment, provide new equipment or support life- saving research and development. This year we h'ave worked hard to embed the new charity brand that was launched in 2022 as part of our ongoing plan to grow awareness of the Gharity and its objectives. In particular, we have created new Charity Hubs on two of our three main hospital sites - as a place for everyone to connect with, and support. our charity. We are pleased to share the Hub space at Peterborough City Hospitsl, with our fantastic volunteer Service and patient experience colleagues. The creation of the Hubs at Peterborough City Hospital, plus Stamford and Rutland Hospitals has attracted excitement and interest which we will continue to promote and develop in 2024-25. We will turn our attention to creating a similar Hub for our HinGhingbrooke Hospilal site in the coming year and look to see how the charity can be involved, from the outset. in the development of the new Hinchingbrooke Hospital which is planned for completion in 2030. (/ G&i*8 ovey Above We would like to thank our staff for getting behind the Trust charity and choosing to support it in their fundraising activities. and of course, those patients and relatives who have been so generous in the past 12 months. On the subject of generosity, we are hugely grateful to our palron, Craig Revel-Horwood, for his support, who. despite an incredibly busy schedule, gives his time so freely on his visits to our hospitals. Finally, we would also like to thank the Friends of Peterborough Hospital (supporting Peterborough City Hospital), the Friends of Stamford Hospital (supporting Stamford and Rutland Hospital), the Friends of Hinchingbrooke Hospital (supporting Hinchingbrooke Hospital). the Friends of Doddington Hospital (supporting Doddington Hospital) and the Friends of Princess of Wales Hospital, Ely (supporting Princess of Wales Hospital, Ely). Our thanks also to the Dreamdrops Charity, who continue to support our children's senil￿S at Hinchingbrooke Hospital. We are pleased to continue to work with them all to ensure our patients and staff can have a good experience in our hospitals. 31Page North FYestAnglia Hospilals Cknrity for rheyear ending 3] March 2024 Rwslered Charily No. 105060] .Who we are North West Anglia NHS Foundation Trust Charity (registered charity number 1050601), is a linked charity. covering all our hospital sites within North West Anglia Foundation Trust . (NWAngliaFT}. We exist to raise funds and receive donations for the benefit of the patients and staff of the seven sites where we run seNices. By securing donations legacies and sponsorship, our charity can provide items that are 'over and above. the norm that can make a real difference to the experience of our patients and staff. In January 2022, our Trust Charity was rebranded and relaunched under the new name of 'North West Anglia Hospitals Charity,, this included a new logo which has been incorporated into all charity documents. The charity profile has grown both internally and in the community in the past 12 months. This has been facilitated via a dedicated section on our Trust website and staff intranet, and through active social media accounts on Facebook and Instagram. As part of the brand, we have brought to life the three animals on our logo and these mascots can regularly be seen around our hospitals for promotional events. This has proved popular with patients, young and old, as well'as our staff. Goi48 ovey rtbove loy OIAY Our vision Our vision is to enhance the outstanding care provided by North West Anglia NHS Foundation Trust to our local population. Our mission By raising new money and careful management of our existing funds, the North West Anglia Hospitals Charity is able to make grants to the Trust in order to: Support the work of North West Anglia NHS Foundation Trust to ensure we are providing outstanding care to our local population. Providing the 'added extras,, including facilities and equipment. to enhance the patient experience, support research programmes and the development of seThices and education. Grants are rnade in accordance with charity law. our policies and procedures and the directions of donors. In making grants. we endeavor to reflect the wishes of patients and staff by directing funds towards areas they tell us are most in need. Our hospitals North West Anglia NHS Foundation Trust provides acute care services across seven sites: Peterborough City Hospital Hinchingbrooke Hospital Stamford and Rutland Hospital Outpatient and Radiology services provided by Doddington Hospital Outpatient and Radiology services provided by Princess of Wales Hospital in Ely Radiology services at North Carnbs Hospital in Wisbech Radiology services at Peterborough City Care Centre Norih West AFigliA Ho.$pi/￿/S Charity ..for'iheyear endiiig.ll March 2024 Registered Ch(4rilp, No. 1050001 Together we serve approximately 850,000 residents living in Greater Peterborough, Cambridgeshire, South Lincolnshire and the neighbouring counties. Our priorities Our key aim is to support the NHS patients and staff of NWAngliaFT and our local population for the public benefit. We do this through our five key priorities.. Supporting PATIENTS AND OUR COMMUNITY Our patients, their family and carers are at the heart of all we do at the Trust. We provide the extras to ensure every patient experiences the best possible outcome Assisting OUR STAFF We support staff with additional training, which allows staff to keep up with new processes and innovations from the wid8r health service, and support their health and welfare Donating for EQUIPMENT Your support helps us to provide addilional equipment to enhance patient care and provide the best possible treatment Advanclng RESEARCH AND DEVELOPMENT Your sUPPOrt helps us support health research and development within the Trust Improving OUR ENVIRONMENT We help to improve the environment and patient comforts. creating an ambient atmosphere, making our spaces more welcoming and comfortable for everyone 51Page Noyih Iyesi Anglia Hospilals Charily for theyear endipzg 31 Marck 2024 Registered Cl￿rEty No. 105060J Our performance against our 2023-24 objectives We have evaluated perfomiance against each of the 2023-24 objectives.. l. Supporting patients and our community Objective: Develop and commence a plan for the top five funds by value that have seen mlnimal activity in 2022123. The charity has met with each of the top five Funds (and then all of the top 10 Funds) to establish how they might better utilise the funds at their disposal for the benefit of their patients and staff. The charity team are now working proactively with these top 10 Funds to ensure donations are being used effectively and for the purposes they were intended. 2. Donating for Equipment The Charity has provided equipment. not only to improve patient experience, but to assist staff in giving ex￿lIent care. Equipment provided this year includes: Specialist washing facilities in the Faith Centre at Peterborough City Hospital Equipment to enhance patient experience in our Imaginglx-ray departments New garden equipment for our volunteer gardeners at Hinchingbrooke Improvements to the rehab gyms at both Peterborough and Hinchingbrooke Hospitals Comfort bags for our patients being treated for breast cancer, with a mixture of pampering items and distraction items (quiz books, etc) to keep the patients busy whilst they wait for treatmentlconsultation State of the art distractionlentertainment system for patients having an MRI, and Augmented Reality Goggles for patients receiving day surgery at Stamford and Rutland Hospital Vein finder equipment, to assist clinical staff in locating hard-to-find veins - thus reducing the anxiety of patients who do not like the PrO￿dUre and for younger children Our Charity Project Manager continues to work with fund managers and teams across the Trust to identify ways to further improve facilities for both patients and staff. 3. Assisting our Staff Objective: Deliver an innovative staff welfare programme to support the Trust People and Culture Strategy, utilising the grant received in 2022-23 Through a grant from NHS Charities Together the charity appointed a Staff Health & Wellbeing Co-ordinator All charity funded health and wellbeing activity, delivered by our Health and wellbeing co- ordinator is now branded as Wellbeing Plus Through WellbeingPlus we have launched the Rainbow Ticket activity. which provided grants of £250 to teams across the Trust for items which would enhance staff welfare and wellbeing - purchasing coffee machines, microwaves, warm hoodies We have also launched Nurtureyou, which is a 'gym timetable, of wellbeing activities which our staff can choose from. which nurtures mind, body and soul We are also installing three revolutionary 'sleep pods. to aid restorative (power) naps 61Pagie. Norih WL),fl Angliu Hospitals Churiiy for (Ite)rar ending.lj MarLlI 2024 Regislered Charilj, No. 1050601 4. Advancing Research and Development Objective: Continue to support research and development activities undertaken by the Trust including steps to support the Trust in its aim to become a university hospitsl a. The charity has worked with our R&D colleagues to fund a high-profile awareness campaign for their department. which highlights their important work within the Trust. 5. Improving our Environment Objective: Continue to improve staff break areas and identify patient areas in need of improvement. a. The charity has worked hard to creale new, and improve existing, staff. welfare spaces. b. Rooms are being updated with more comfortable seating, dining facilities and wall art in order to make our rest spaces even better for our incredible staff. c. The charity has also funded new 'Sanctuary Spaces. at each of the Ihree main hospital sites, as a place for staff to sit back, relax and decompress if they need some time out. These spaces are being well utilised. and improvements continue to be made. 6. Enablers Objective: Continue to increase the visibility of the charity, both within the Trust with staff and patients, and in the wider community by creating our first charity hub on the Peterborough Site, The PCH Charity Hub was launched in June 2024, and declared open by our charity patron, Craig Revel Horwood, by illuminating a large glitter ball b. The Charity Hub is light and colourful, in charity branding, and provides an excellent location for the charity team to work. to meet with other staff and volunteers. to discuss charity ideas with staff and patients c. The Charity Hub is also a location for patient experience leaflets and assists in volunteer recruitment d. The 2024 winter staff vaccination clinic will also operate from the Charity Hub, as part Of our ethos of making the space multi-functional and useful to the Trusl e. We have also opened a smaller Charity Hub at the rnain entrance of Stamford and Rutland Hospital, which is also branded in charity colours and provides a great focal point to staff and visitors f. We will now aim to establish a Charity Hub at Hinchingbrooke Hospital 711'agse North w￿lAng11a Hospiials Ckarity for theyear ending 31 Ma￿h 2024 Regislered C.harit}, No. J050601 2024-25 Objectives Our annual objectives are aligned to the charity priorities that focus on supporting patients and our community, assisting our staff, donating equipment, advancing research.and development and improving our environment. The activity for the coming year will be guided by these objectives. Strategic Priorities Supporting Patients and our community Annual Objective 2024-25 Develop and deliver year one of the Corporat8 Friends programine. Create a Charity Hub to.give permanent charity presence at the Hinchingbrooke site Donating for Equipment Continue in the delivery of items of equipment which support the treatment of our patients and assist our staff in the delivery of that treatment. Assisting our staff Continue to d8V81op WellbeingPlus to support the Trust People & Culture Strategy. through our charity health & wellbeing co- ordinator Advancing Research and Development Improving our environment Continue to support research and development activities undertaken by the Trust Deliver the upgrades to the Critical Care Staff Garden, the ED Courtyard Garden, the Staff Reflection Garden and other outdoor spaces. Deliver the PCH Atrium Seating project. which will provide new attractive seating at the main entrance, main atrium and pharmacy waiting areas In addition to these objectives, we plan to: Align our resources to ensure the demand for charity activity can be met as the work and profile of the charity continues to grow. Evaluate our progress and success on a monthly basis as well as at Charitable Funds Committee, which is held four times a year. 81Page North Wesl Angliii Ho.*piluls Charily foi. Ihc iyear ending 31 Morcli ?024 RegisleiEd Chftj-ilj, No. 1050601 Financial Review Financlal performance During 2023124 the overall funds increased by £501 k, having spent £884k on charitable activities. Income and investment The public continues to be our main supporters and the Charity received £849k income from donations, legacies and grants this year. This is an increase of £470k on last year's income. Included within this were legacies £416k and Grants £122k. Income from Investments amount to £202k. consisting of, Investment Income £100k and bank interest of £102k. This is an increase of £69k on the previous year predominantly due to the receipt of bank interest. All investments are held in an Ethical Investment Fund with CCLA. 74.810/0 of Investments were held in equity-based investrnents. (72.190/0 2022123). nditure During the year the Charity paid grants to the Trust of £722k to further the aims of the Gharity. This includes- £247k on patient grants, enhancing the comfort of patients, including upgraded garden areas, patient furniture, enhancement of surroundings for our dementia patients with, dernentia clocks and blue door coveringslsignage and dementia appropriate sanitary ware. Providing supplies and instructors for cancer patient Iherapy activities and supporting our volunteer teams with their welcome trolley Servi￿ for new in-patients. £156k on staff grants, providing training and education which includes study days, course fees and various training to enhance departments knowledge and further patient care. There has been a major focus on staff health and wellbeing including upgrades to staff areas, support for staff mindfulness and incentives. £136k on equipment including additional medical and surgical equipment and dementia interaclive therapy systems. £106k for research. admin, training, and staffing including funding for research nurses and admin staff, young person volunteer co-ordinator and ED volunteer co-ordinator. £53k on building maintenance and minor works providing adjustments to doors and radiators, cycle rack for staff and completion of enhancements to the helipad at PCH following receipt of a grant for this purpose. £24k for printing and stationery Further detail can be found in note 6 to the accounts. 911'agFe Alorth Wesi Allglit7 Hospilt3Ls Charity for the year ending 3J Mareh 2024 Regisleyed Charily hfo. J050001 Reserves Reserves held at the end of financial year 2023124 totalled £5.49Ok of which £4.802k were free reserves. Free reserves are the total of the Charity's unrestricted funds less commitments (£134k). How we manage our money Our Grant makin olic North West Anglia Hospitals Charity makes grants from both its unrestricted and restricted funds. Within the unrestricted funds, grants are made from general funds and designated funds. General funds - these funds are received by North West Anglia Hospitals Charity with no particular preference. expressed by donors. The charity invites applications from any member of the hospital or patient working groups working within the hospital. The sign off of these is delegated to the Chief Finance OffiGer (CFO) or Chief Executive Officer (CEO) of NWAngliaFT. Designated funds - are established for a particular part of the hospital as nominated by the donor. They are overseen by fund managers. Fund managers can approve grants of up to £1 k, above which approval is required from the relevant NWAngliaFT Divisional Operational Manager (DOM) for grants of up to £5k, Divisional Operational Director (DOD) up to £25k, the CFO for grants up to £50k and the CEO for Grants above £50k. Capital items above £5k or items which have an ongoing revenue cost are subject to the completion of an investment appraisal, which is reviewed at Investment Management Group to ensure that there is clear rational, scope and the grant provides value for money. Our reserves olic Reserves exist to ensure sufficient funds are available to cover the known immediate commitments and future short to medium term plans of the Charity, also taking into account unforeseen emergencies or other need for funds. It is the Charity's policy to maintsin reserves equivalent to twi￿ the average (calculated over the previous 3 years) of one year forecast annual spend from charitable sources, to take into account the higher profile and encouraged spending moving fonvard. The Charitable Fund Committee, acting on behalf of the Trustee, reviews this policy annually. Our investments The Charity holds Common Investment Funds (CIFS) in ethical investment funds with CCLA. As at 31 March 2024, 74.810/0 of Investments were held in equity based investments. All the investments in the fund are managed to the ethical policies of the fund. All of the investments are managed by CCLA with the following objectives: Maximum return on investments and maintain capital growth within an acceptable level of risk Maintain ethical considerations IOIPage Noj'ih Iyesi Anglia Ho&pirals Charils .for iheycar endiiig.ll Marcli 2024 Reg￿}ered Charily No. 1050601 Structure, Governance and Management Corporate Trustee Annual Report The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS 102) and the Financial Reporting Slandard 102 applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 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 iequired to provide a 'true and fair, view. Corporate Trustee Day to day management is delegated to the Executives within NWAng5i8FT and they are responsible for carrying out the decisions of Trustees and working with the professional advisers. North West Anglia NHS Foundation Trust is the main beneficiary of the Charity and is a related party by virtue of being the Corporate Truslee of the Charity. However, when the Trust Board (as Trustee) makes decisions regarding the Charity, it does so with the best interests of the Charity in mind, as well as Chaiity Commission guidance, charity law and donor's wishes. By working in partnership with the Trust. the 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 Trustee has regard to the main activities, objeclives, slrategies, arbd plans of the Trust as well as those of the Charity. The appointment of Non-Executive Directors is undertaken by North West Anglia NHS Foundation Trust Council of Govemors who are advised on the process by the Non-Executive Director Appointments and Temis of Service Committee of the Council of Governors. This Committee is comprised solely of Governors and is supported by Human Resource and Corporate Governance advisors. Appointments are made for a three-year term with a maximum of three terms. Executive Directors are appointed by the Non-Executive Directors in conjunction with the Chief Executive, who are advised by the Remuneration Committee. These appointments are permanent contracts. The members of the Trust Board who have acted as Ihe Charity's Corporate Trustees during the year to 31 March 2024 are: Non-Executive directors.. Professor Steve Barnett - Chairman Ms Beverley Shears - Non-ExeGUtive Director l Deputy Chair Dr Christine Hill - Non-Executive Director Mr Ray Harding - Non-Executive Director I Senior Independent Director Mrs Carmel O'Brien - Non-Executive Director Mr James Rolfe - Non-Executive Director Dr Mark Sanderson- Non-Executive Director Mr Gareth Tipton - Non-Executive Director- Appointment ended 31 August 2023 Richard Hannah - Non-Executive Director- Appointment Start Dale 1 September 2023 IIIPag'e North Wast Anglitz Hospitals Chdriiy for iheyear ¢rtding.11 Alarch 2024 Registered Charity No. 1050601 Executive directors.. Mrs Caroline Walker- Chief Executive Officer- Appointment ended 10 September 2023 Mrs Hannah Coffey - Chief Executive- Start Date 11 September 2023 Dr Callum Gardner- Chief Medical Officer Mr Joel Harrison - Chief Finance Officer Dr Arshiya Khan Chief Strategy and Transformation Officer l Deputy Chief Executive Appointment ended 03 November 2023 Dale Travis ~ Acting Chief Strategy and Transformation Officer- Start Date 06 November 2023. Mrs Louise Tibbert- Chief People Officer- Appointment ended 31 January 2024 Mrs Mariejke Maciejewski -. Interim Chief People Officer - Start Date 1 February 2024 Mrs Joanne Bennis - Chief Nurse Mrs Helen Potton - Interim Company Secretary- Appointment ended 31 July 2023 Mrs Sheila Murphy - Company Secretary - Start Date 1 August 2023 Mrs Michelle Cady - Chief Operating Offi￿r- Start Dale 1 April 2023 The Charitable Funds Committee reviews the funds. fund balances, donations, and expenditure over £5k, legacies and grants and any updates from the charity Gommission at eaGh meeting. This gives assurance over the delegated running of the trust. Public Benefit The Trustee confirms it has referred to the guidance contained in the Charity Commission general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the Grant Making Policy. This is always achieved by adherence to the nature and wording of the Objecls Clauses and by respecting the donor's wishes. The latter usually also follows Public Benefit principles. The Charity achieves its purpose by making granls to North West Anglia NHS Foundation Trust to fund expenditure to support Patients and our Community, assists and support our Staff, purchase equipment, make advances in Research and Development and improve our environment. Principal Office of the Corporate Trustee North West Anglia Hospitals Charity Peterborough City Hospital Edith Cavell Campus Bretton Gate Peterborough. PE3 9GZ 121Page Ni)rili FF'e.ft AKgli(J Hvspital.g ClIGrily for iheyeni. endiiig 31 Alorck 2024 Regisieyed Chftrily No. lQ5000J Charitable Fund Committee - Terms of Reference: Acting for the Corporale Trustee, the Charitable Fund Committee is responsible for the overall governance of the Charitable Funds and meets a minimum of four times a year. The Trustee h8S delegated the authority for the govemance of the Charity to the Charitable Fund Committee. This Committee was established in November 2010 to improve the profile of the charitable funds within the organisation and to the public,. enhan￿ the governance structure of the Charity and ensure adherence to governance reouirements, including best practice. The Committee comprises of: Chairman and two Non-Executive Directors Chief Finance OffI￿r or Deputy Chief Finance Officer Chief Medical Officer or Chief Nurse or Nominated Deputy Company Secretary or Deputy Company Secretary To supporl Ihe committee the following are requested to attend each meeting: Deputy Chief Finance Officer andlor Financial Services Manager andlor Financial Controller Associate Director of Communications & Engagement or a member of the Communications Team Charitable Funds Adminislralor or Financial servI￿s Team Leader Charity Project Manager Governor Observers. representing the three sites of Peterborough, Stamford and Hinchingbrooke The Purpose of the Charitable Fund Committee is: To provide assuran￿ to the Corporate Trustee the Charity has appropriate arrangements in place to govem the administration. investment, and use of the Trust's charitable funds within the regulations laid down by the Charity Commission. To ensure the Trust's charitable funds are managed in accordance with all laws and regulations governing charitable funds. Trustee Act 2000 The Charities Act 2011 To provide assurance the charitable funds are managed in a way that is fully compliant and respects charity objectives and in accordance with the donor's wishes. To seek assurance that accounting for the charitable funds is in accordance with all relevant aoGounting policies and to make recommendations to the Corporate Trustee on the accounting policies adopted. To act on behalf of the charity in satisfying the duties and responsibilities of the Corporate Trustee in managing the charitable funds. To ensure that, while the funds of all former Trusts are brought into the North West Anglia NHS Foundation Trust, and will be treated as part of the unified Charilable Trust Funds for accounting purposes, those funds, and any future donations to specific sites, are used appropriately for the sites specified in line with donors wishes. To supporl and recommend the establishment of new Trustwide funds and new charities", recomrnend the amendment of existing funds and charities. 13 | PagFe ATorth Wesi Anglia Hospitals CAariÉy for tke}Eai' eiidEng 31 March 2024 Regislered Charily No. 1050601 To review legacies received and ensure that the Trust is compliant with the terms of the legacy, To make recommendations to the Corporate Trustee as to the Charity's Strategy, To ensure there is an annual review of the Charitable Fund Committee performance using the Corporate Trustee Code of Governance. To make recommendations to the Corporate Trustee on Charitable Fund Policy and Procedures which incorporates the reseNes and investment policies and to seek assuran￿ on compliance with that policy. To make recommendations to the Corporate Trustee on how the investments are to be managed and to monitor the perfomiance of the investments. To review and make recommendations to the Corporate Trustee for approval of Ihe Annual Return. Annual Report and Annual Accounts, having regard to the opinion of External Audit, and such that the items may be approved by the Corporate Trustee at a Corporate Trustee meeting in time for submission to the Charity Commission by the due deadline and ahead of the Trust's Annual Public Meeting. To see assurance that risks are appropriately identified and mitigated on behalf of the Corporate Trustee. Risk management. The Trustee has considered any potential major risks to which the Charity may be exposed. The key Trust policies to aid miligation of recognised risks are" Scheme of Delegation., Standing Financial Instructions and Standing Orders. The main risks have been established, Gonsidered, and managed as follows: Investment risk ortfoliolinvestment income volatili The Trustee investment policy is for moderate risk with a balanced portfolio between income and capital growth. Quarterly reports and valuations are produced by a CCLA adviser and circulated to Charitable Funds Committee members. The Charity seeks to invest ethically and ensure its investments are not opposed to the objectives of the Charity,, thus, the investment policy prohibits, as much as is practicable, investments in alcohol, tobacco, armaments, gambling, and pornography related holdings. As per the Charity Terms of Reference one Charitable Fund Committee meeting per year will include an annual review of investments. Income risk income not receivedlnon-charitable income in funds A receipt for all charitable fund donations must be completed and logged on the charitable fund system. All donations must be acknowledged in writing to the donor with cash and cheques being banked through the Trust's Cash Offl￿'S. which is the boundary for recognition of income. The receipt for charitable donations is controlled stationery. The cash office policies cover the controlled stationery system. Any non-charitable income identified is challenged upon initial presentation to the Cash Office or upon review of receipts and, if appropriate. is transferred into the relevant NHS income budget. Income receipts are additionally monitored by the Charity Finance Officer prior to being input onto the aecounting system and all items to be input are checked and verified by department Team Leaders prior to uploading to the live system. 141Pagie Norih TrfrestAiiglia Hospitals Charily for iheyear ending 31 Morch 2024 Registered Cliarily No. 1050601 Ex nditure risk non-charitsblelfraudulent ex nditure Expenditure thresholds are in place, as stated in the Scheme of Delegation. All expenditure must be authorised by the appropriate Fund Manager in the first instance and is then checked and verified by the Charity Finan￿ Officer. All Expenditure over £1 k (including VAT) must be countersigned as described in the North West Anglia NHS Foundation Trust Scheme of Deleg8tion (Charitable Fund) instructions. Procurement department will not action any purchase request without the signed approval of the Charitable Fund Administrator or deputy. Fundraisin risk fraudulenllunauthorised fundraisin The Trustee has considered fundraising risks to ensure all fundraising activities are genuine and the Charity receive all monies raised on its behalf, All agreed fundraising events receive formal written approval to use the fund name and registered charity number. The Charity receives significant support from patients and relatives in the community who raise funds for it. The Charity Finance Officer maintains a Fundraising Register detailing all relevant information,. to ensure the method is appropriate,. and the prO￿edS a re￿iVed within an expected time frame after the event. If not received, the fundraisers are contacted to ascertain the reason for the delay and establish an expected date for receipt of funds. If there is any possible risk identified, the agreed escalation process is followed. 151Page Alorih Wesi Anglia HospilfJlY Charity foi. the yeal. enthng 3J March 2024 Re￿￿tered CharilyNo. J05060J Legal and administrative information Norlh West Anglia NHS Foundation Trust Charitable Fund. Registered Charity No.1050601. The Corporate Twstee are the Board of North West Anglia NHS Foundation Trust. Principal Office of the Corporate Trustee North West Anglia Hospitals Charity Peterborough City Hospital Edith Cavell Campus Bretton Gate Peterborough PE3 9GZ Bankers Royal Bank of Scotland Relationship Team Public Sector and Charities th 9 Floor 250 Bishopgate London EC2M 4AA CCLA Investment Management Ltd COIF Charity Funds 80 Che8pside London EC2V 6DZ Reference and administrative details The North West Anglia NHS Foundation Trust Charitable Fund (Previously registered with the Charity Commission on 5 March 1998), charity number 1050601. The registered and principal office of tho charity is detailed on page 12 of this document: Professor Steve Barnett Peterborough City Hospital Edith Cavell Campus Bretton Gate Peterborough PE3 9GZ Date: IsJctrn(Ltyy 2015 Mr J Harrison Chief Finan￿ OffI￿r 161PagL Nor¢h Wesi.4iiglRa Ho.SPFiL71.s Chnrilv for the year endtng 31 M Decrease in debtors 26 51 Increase in creditors 206 13 Nèt cash used in operating activilies 214 {265) 25IPag)e North Wesr Anglia Hospttals Charity for ¢heye4r endiiig 31 Maycli 2024 Regislered Charity No. 1050601 Notes on the accounts 1 Accounting Policies (a) Basis of Preparation The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at fairvalue. 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 in October 2019 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 2019. The accounts (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 in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 20D5 which has since been withdrawn. The Corporate Trust constitutes a public benefit entity as defined by FRS 102. The Trustee considers there are no material uncertainties about the Charity's ability to continue as a going concern. The Charity does not commit expenditure in advance of actual reGeipt of cash donations and therefore, on this basis, the Charity is a going concern. (b) Structure of funds Where there is a legal restriction on Ihe purposes 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 has no endowment fund. .261PagJe North Wesi Aiiglia Hospiirtl.I Ch¢yiIy for tlie )iear eiidFng 31 Morch 2024 Rcgi3(ered Charil), No. 10506(PI Those funds which are neither endowment nor restricted income funds, are unrestricted income funds which are sub analysed between designated (earmarked) funds where the trustee has set aside amounts to be used for specific purposes or which reflect the non-binding wishes of donors and unrestricted funds which are at Ihe trustee's discretion, including the general fund which represents the charity's reserves. Further details of each fund are disclosed in note 16. {c) Incoming resources All incoming resources a￿ recognised once the charity has entitlement to the reSoUr￿s, 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 ondition will not be satisfied unlil that point. Where terms or Gonditions 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. (d) Gifts in kind Gifts in kind, such as food and care packages are not accounted for when they are 8￿pIed and immediately distributed unless a single donation is material. Gifts of tangible assets such as microwaves and fridges are recognised as a donation at fair value (market price} on receipt and charitable expenditure when they are distributed. Where gifts in kind are held before being distributed to beneficiaries, they are recognised at fair value as stock until they are distributed. (e) Incoming resources from legacies Legacies are accounted for as incoming resources either upon receipt or where the re￿Ipl of the legacy is probable. Receipl 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. 271Pagie North W￿t Anglia HuspitaLr Ckority for iheyear eliding 31 March 2024 Regi,flei'ed Charify No. 105060J (fj Incoming resources from endowment funds The incoming resources received from the invested endowment fund are wholly restricted. a) Income received from the investment of funds meets the administrative charges of the charity with excess incomeldeficit being allocated to funds on a pro rata basis according to the average o! fund balances. b) Grants are only included in the accounts when the Charity has unconditional entitlement to the resource. {g) Resources expended and irrecoverable VAT All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met.. there is a present legal or constructive obligation resulting from a past event it is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement Ihe amount of the obligation can be measured or estimated reliably. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. (h) Recognition of expenditure and associated liabilities as a result of grant The charity does not make grant payments. (i) Allocation of support costs Support costs are those costs which do not relate directly to a single activity. These include some staff costs. costs of administration, internal and external audit costs and IT support. Support costs have been apportioned between fundraising costs and charitable activities on an appropriate basis. The analysis of support costs and the bases of apportionment applied are shown in note 16. (i) Fundraising costs The costs of generating funds are those costs attributable to generating income for the charity, other than those costs incurred in undertaking Gharitable activities or the costs incurred in undertaking trading activities in furtherance of the charity's objectives. 281Page Nor¢li lle.fi Ansliu Hospilal.f Churity for Ille￿aT cKdixg_¥l Mareh 21124 Regtsleiyd Ch(Irily No. lQ50001 (k) Charitable activities Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned belween the categories of charitable expenditure in addition to the direct costs. The total costs of each category of charitable expenditure include an apportionment of support costs as shown in note 6. {1) Fixed asset investments Investments are a form of basic financial instrument. Fixed asset investments are initially recognised at their transaction value and are subsequently measured at their fair value (market value) as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Quoted slocks and shares are included in the Balance Sheet at the current market value quoted by the investment analyst. excluding dividend. Other investments are included at the trustee's best estimate of market value. The main forrn of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Further information can be found in note 11 . (m) Debtors Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount. (n) 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. (o) Creditors Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle Ihe debt. Amounts which aTe owed in more than a year are shown as long-term creditors. (p) Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening carrying value (purchase date if later). Unrealised gains and losses are calculated as the difference between the markel value at the year end and opening carrying value (or purchase date if later). 291Pagpe Noi'ik IV￿1 Anglia H05Pitats Charitv for ihe year endiiig.ql March 2024 Regislered Chayily No. 1050601 (q) Staff costs and pensions NWAFT fully re-charged NWA Hospitals Charity for the two members of staff who work full time for the charity. Both staff members belong to the NHS Pension Scheme which is an unfunded defined benefit scheme which is accounted for as a defined contribution scheme. a) The costs of generating funds are the costs associated with generating income for the Charity. These will include the costs associated with appeals, printing, publicity and investment management together with appropriate recharged salary costs from North West Anglia NHS Foundation Trust. b) Activities in the furtherance of the Charity's objectives are accounted for on an accrual's basis where the conditions for their payment have been met or where a third paty has a reasonable expectation that they will re￿1ve the grant. This includes grants made to NHS bodies. 2 Related party transactions and Corporate Trustee expenses and remuneration A Directors, and Officers, Liability Insurance is paid by North West Anglia NHS Foundation Trust. The Charity has made revenue and capital payments to North West Anglia NHS Foundation Trust where the representatives. as listed on page 11, are also members of the Trust Board. Trustee members received no form of remunerations or other benefit in cash or kind during 2023124 (2022123: £Nil). Expenses paid to the Trustee in the year totalled £Nil (2022123: £Nil). There were no related party transactions for the financial year 2023124 other than with North West Anglia NHS Foundation Trust lotalling £849k, (2022123.. £683k). Included in the creditors balance shown in the balance sheet is £314k (2022123.. £1 Ook) owing to North West Anglia NHS Foundation Trust in respect of grants provided. In addition to these transactions are staff support costs which are paid by the Trust on behalf of the Charity totalling £143k, (2022123: £147k) and then recharged back to the Charity. 3.. Income from donations and legacies 2023124 2022123 Unrestricted. Restricted Total Unrestricted Restricted Total £'ooo £'ooo £'ooo 311 £'ooo 233 £'ooo £'ooo 233 Donations Legacies Grants 311 416 416 122 77 77 24 98 68 69 Total Donations and Legacies 751 98 311 68 379 30IPagye Norih W&fi An¥lia H(Jspiliils Charii), for iheyear endiiig 31 Alar¢h 2024 R¢gistep'ed Charily No. 1050001 4. Investment incorne 2023124 Unrestrictèd Restricted Endowment Total l Unrestrictéd £000 £000 £000 2022123 R8Stricted Endowm8nt Total £000 £000 £000 £000 £000 Dividends and Interest Total Investment Income 202 202 133 133 202 202 133 133 5. Income from Trust fundraising events 2023124 2022123 Restricted Endowment Unrestricted Restricted Endowment Total Unrestricled Total £000 £000 £000 £000 £000 £000 £ODO £000 Income from Fundraising Total Income 17 39 39 17 39 39 17 6. Expenditure on charitable activities The Charity undertakes ils charitable activities through grant making to North West Anglia NHS Foundation Trust only in furtherance of its charitable activities. All staff expenditure is in direct relation to donor's wishes (e.g. grateful patients and relatives wanting to thank staff for the high quality of care provided). 311Page Norih Wesi Anglia HospilaLY Charily for ihe yeor ending 31 March 2024 Regislered Charily No. J05000J Support and Total Governance costs £'ooo Direct Costs 2023124 Expenditure on Charitable Activities In 2023124 £'ooo £'ooo Funded from unrestricted funds Patient welfare and amenities.. Welfare Furniture (wardlclinic areas} 184 61 40 224 12 73 Funded from unrestricted funds Slaff welfare and amenities.. Retirements Training and education Social functions, Outings & Christmas Education and Reference Books FurniturelFurnishings 22 27 134 29 163 Funded from unrestricted funds Contributions to NHS services.. Medicallsurgical equipment ResearchlAdminlStaffing Prinling and stationery (e.g. wall graphicsldisplay patient information, patient leaflets) 133 87 29 19 162 106 24 29 Maintenancelminor works 53 Funded from restricted: Patient welfare and amenities: Welfare Furniture (wardjclinic areas) Mainlenancelminor works Medicallsurgical equipment Funded from restrlcted funds Staff welfare and amenities: Social functions, Oulings & Christmas ResearchlAdminlStaff Training Total Expenditure on Charitable Actlvltles 19 24 877 722. 155 321Pagie Nor¢h Wesi An¥lia Hotsiyilals Chariiy .for iheyear endiffig.11 Mai'ch 2024 Registered Choriiy N(). 105060J Direct Costs Support and Governance costs Tolal 2022123 Expenditure on Activities in 2022123 Funded from unrestricted funds Patient welfare and amenities: Charitable £000 £000 £000 Welf2re 172 48 220 Furniture (wardlclinic areas) Funded from unrestricted funds - Staff welfare and amenities: Retirements Training and education Social functions, Outings & Christmas Educalion and Reference Books FurniturelFurnishings Funded from unrestricted funds - Contributions to NHS services: Medicallsurgical equipment ResearchlAiJminlStaffing 35 10 45 34 55 10 44 15 70 16 20 126 35 161 106 29 135 Printing and stationery (e.g. wall graphicsldisplay patient information. patient leallets) Maintenancelminor works Funded from restricted endowment funds- Patient welfare and amenities: Welfare Furniture (wardlclinic areas) Maintenancelminor works Medi¢al/surgicaS equipment Funded from restricted funds- Staff welfare and amenities: Social functions, Outings & Christmas ResearchlAdminlStaff Training Total Expendlture on Charitable Activities 15 19 and 571 158 729 In 2023124 the direct expenditure on charitable activities was £698k (2022123: £567k) from unrestriGted funds and £24k (2022123.. £4k) from restricted funds. 331Pagye Nor¢h Wesi Aiiglia Hospilals CharEty .for theyertr enknng 31 MurcA 2024 Re￿$Éered Chrjrity No. J050601 .7. Allocation of Governance and Support Costs The breakdown of support costs. and how these were allocated between governance and other support costs is shown in the table below: Total allocated Governance 2023124 related Other support costs £000 2022123 £000 143 £000 £000 147 Slaff Support Costs Computer systetn costs Audit Fees Depreciation Impairment Olhers 143 Total 155 155 1S8 8. Expenditure on fundraising events 2023124 Unrestrlclod Restrlcted Endowment 2022123 Restricted Endowment Total Unrestricted Total £000 Éooo £000 £000 £000 £000 £000 £000 Raising Funds Total Raising Funds 18 18 18 9. Analysis of staff costs and remuneration of key management personnel The Charity does not have any direct staff costs or remuneration. of key management personnel. A recharge is made by the Trust to the Charity in respect of staff time spent on management of Charitable Funds. 10. Auditor remuneration The auditor's remuneration of £7,228 (2022123: £6,558) related solely to the audit with no other additional work being undertaken (2022123: £Nil), these values are shown inclusive of VAT. 341Page Noyih West Anglia Hospiials Chariiy .fop' Ihe year eiidipig 31 Alarch 2024 Regislered Charity No. 1050601 11. Fixed Assets- Investments 2023J24 £000 3.231 2022123 £000 3,401 COIF Market value at 1 April 2023 Unrealised Gainsl(Losses) Investments Purchased Market value at 31 March 2024 317 (1701 3,548 3,231 12. Debtors 2023124 £000 2022123 £000 Amounts falling due withln one y¢ar: Prepayments Accrued income Totsl debtors falling due within one year 55 81 86 13. Creditors 2023124 £000 2022123 £000 Amounts falling due wlthin one year: Trade creditors Olher creditors Total Creditors falling d ue within one year {145) 1108) 314 108 14. Grant Commitments It is not the Charity's policy to make grants other than to North West Anglia NHS Foundation Trust. 15. Transfer between funds There were transfers betsveen funds of £Nil in 2023124 (2022123,. Nil). 351Page North Wesi Anglia Hospilals Chariiy for theyear eiidillg 31 March 2024 Reg￿tered Charity No. 1050001 16 Analysis of Charitable Funds 2023124 Balance BIF Income Expendlture Transfers £'ooo £'ooo £'ooo £'ooo Gains and Balance Carried Losses Forward £'ooo £'ooo Restricted Fund Unrestricted Fund 445 .98 {24) 35 554 4,569 5,014 970 860 282 4.961 5,515 Total 1,068 884 317 The balan￿ ofthe funds shows a true balance as at 31 March 2024 i.e. funds available to be spent, with the exception of the Hinchingbrooke General Fund whiGh includes a unrealised amount of £404k and Pet8rborough.General Fund £185k and Stamford Restricted Fund £52k. All restricted funds are available for the purpose stated in the fund title in recognition of the donorfs wishes stated at the time of their donation. Unrestricted funds have no such designation and are available for any charitable purpose at the Fund Manager's discretion. 361Pagie Norih Fyesi Anglia Hospilals ChoF7fy for tlwyear ending 31 March 2024 Regisiered Ch¢3rily No. 1050001 Balance 31 March 2023 Realisedl Unrealised GainlLoss Balance 31 March 2024 £000 Restrlcted funds Incoming Resources Resource Expended Transfers £000 £000 £000 £000 £000 Material funds Stamford Restricted 349 35 384 Other 96 98 170 445 98 24 35 554 Unrestricted funds Balanc8 31 March 2023 £000 Incoming Resources Transfers Resource Expended Realisedl Unrealised GainlLoss Balance 31 March 2024 £000 £000 £000 £000 £000 Material funds Peterborough and Stamford Hospltals Funds General Purpose 190 335 Cardiology(Coronary Care) Cancer and Diagnostics Stamford General Onc01￿Y Research Breast Care Women's Health Trustwide General Others (120) 127 532 267 32 (39) 260 187 48 (34) (89) (6) 201 62 128 123 164 (28) (80) 194 149 107 179 206 608 239 653 1,795 Hin¢hlngbrooke Hospital Funds General Purpose 1,335 John T Bowyer 409 HOPE Medicine 854 590 127 2,186 (116) 155 1.376 409 475 59 (41) (13} 100 493 119 108 Others 436 53 389 2,774 5,014 116 .(270 884 155 2,775 TOTAL 1,068 317 5,515 Material funds are those which are over £1 Ook at the start andlor end of the financial year. 371Page North W￿£ AKglia Hospitals Churiij, .fo¥ theyear ending 31 March 2024 Registered Charily No. J05060J Restricted Funds Name of fund Descri tion of the nature and ose of each fund Stamford Restricted For the benefit of staff and patients at Stamford and Rutland Hospital Other NHS Charities together funding encompassing the Development Grant and recovery grant Unrestricted funds Name of fund Descri tion of the nature and u ose of each fund Cardiology (Coronary Care) Designated to enhance patient care and to support the staff in accordan￿ with the donors wishes. Cancer and Diagnostics Relief of sicknesslsuffering for patients receivinglreceived Cancer care. Stamford General Designated to support Stamford and Rutland Hospital, improving and enhancing the experience of our patients and staff. OnGology Research Designated 'to support Oncology Research.. Breast carelwomen's health Relieve sicknesslsuffering for patients receivinglreceived'breast carelwomen's health care at this Trust. Breast care/ women's health care staff amenities as per the donor's wishes. John Temple Bowyer Legacy Is a fund designated to support high quality patient services through bettemient of patienl comforts. To advance the good health & welfare of patients. carers. and staff. To be sustainable. non-recurring and patient focused,. HOPE Designated 'to support Haematology, Oncology,. Medicine Designated 'to support the Medicine and Emergency Directorate. including patient experience and support for staff,. Genéral Purpose To improve and support high quality patient services through betterment of patient comfort. 381Page