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2023-03-31-accounts

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund

(Registered Charity Number 1051606)

Trustees’ Annual Report and Accounts For year ended 31 March 2023

Contents

Foreword by the Chair of the Charitable Funds Committee 3
Legal, Governance and Administrative Information 4
Financial Review 7
Fundraising Highlights 8
Our Future Plans 10
Investments 11
Reserves Statement 12
Auditors Report 13
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Accounts
Glossary		 17
18
19
20
28

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

2

Legal, Governance and Administrative Information

Foreword by the Chair of the Charitable Funds Committee

Welcome to our Annual Report for 2022/23.

We exist to raise and receive funds for the benefit of the patients and staff of Gloucestershire Hospitals NHS Foundation Trust. By securing donations, legacies, grants and sponsorship, the charity funds projects over and above the NHS which make a real difference for our patients, their families, friends and the staff who care for them.

The Charity’s important contribution to the hospitals and local community was recognised in November 2022 through winning the inaugural Gloucestershire Live Charity of the Year Award, with the judges selecting the charity for this high-profile accolade due to the scale of projects funded and the wide reach of our work.

The projects funded in 2022/23 that demonstrate the wide reach include;

Along with many more projects funded across the hospitals – from sky ceilings to portable ultrasound technology.

We also began two important projects through which the charity aims to make the biggest possible impact for local people. A private phase of our ‘Big Space Cancer Appeal’ fundraising for a new cancer facility was launched, with the aim of securing significant support to transform the experience for our cancer patients before a future public launch of the appeal. Our Community Partnership project is reaching out across the voluntary sector and healthcare system to make a difference, and particularly through community wellbeing initiatives to strengthen connections with ethnic minorities. Over 10,000 people are estimated to have benefitted in the first year of this project, which has been funded by NHS Charities Together, with the work co-ordinated by the charity Community Partnerships Manager and funded roles including nine Community Outreach Workers.

The continued kindness which the community in Gloucestershire, and our partner charities, show despite a challenging economic climate is greatly appreciated – and to all those who make our work possible by making a donation, remembering the charity in their will or supporting in any way I’d like to give thanks on behalf of the charity.

Marie-Annick Gournet

Chair, Charitable Funds Committee

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

3

Legal, Governance and Administrative Information

Legal, Governance and Administrative Information

1. Registered Charity No. 1051606

2. Address

3. Objects

4. Governing Document

5. Trustees

For any charitable purpose or purposes relating to the National Health Service, wholly or mainly for the Service provided by the Gloucestershire Hospitals NHS Foundation Trust

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

4

Legal, Governance and Administrative Information

6. Bankers

7. Investment Advisors

Nat West

8. Fund Structure

The charity is an umbrella charity for individual charitable funds, each designated for a specific ward or service within GHNHSFT. Whilst the charity acknowledges the receipt and the intended use for donated monies within a designated fund, this does not place the charity in any legal trust to do so. Trustees have decided that all designated funds are therefore to be classified for specific purpose within the overall unrestricted fund balance. Charitable appeal donations, legacies (where a ward or service is specified), grants and bursary funds, where restrictions are placed upon them, are accounted for as restricted funds.

The Gloucestershire Hospitals NHS Foundation Trust (GHNHSFT) General Charitable Fund is an independent registered charity (registered number 1051606). Cheltenham and Gloucester Hospitals Charity is the registered working name for the charity. The charity exists to raise funds and receive donations and grants for the benefit of our patients. By securing donations, legacies, grants and sponsorship, Cheltenham and Gloucester Hospitals Charity can provide additional funds that make a real difference for our patients, their families, friends and the staff who treat them.

9. Governance Arrangements

Gloucestershire Hospitals NHS Foundation Trust is the Corporate Trustee of the charity. The Trustee delegates responsibility for some of the day to day running of the charity to the Charitable Funds Committee, chaired by a Non-Executive Director. In 2018/19 the Trustee also established a separate Investment Committee to oversee the development of an investment strategy and policy, and monitor the charity’s investments.

The Charity operates within the overall governance arrangements of GHNHSFT, and the Charitable Funds are required to be consolidated as part of the Trust’s Annual Accounts. Whilst the charity shares the same financial systems as the Gloucestershire Hospitals NHS FT, a separate bank account is maintained for the charity.

Each fund is managed by nominated fund advisor(s) who, along with the Associate Director of Charity, are responsible for ensuring that expenditure is in accordance with the charity’s governing documents and in accordance with donor wishes. Expenditure in excess of £5,000 requires the approval of the Charitable Funds Committee. Copies of the accounts can be obtained from the Charity Commission.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

5

Legal, Governance and Administrative Information

10. Charity Objectives and Strategic Aims

Cheltenham and Gloucester Hospitals Charity has a shared vision with GHNHSFT, “Best care for everyone”, with the aim of raising funds to create the best possible experience for patients, their families and staff by funding programmes which deliver exceptional care, support innovative capital schemes to supply new equipment, help to deliver Trust innovations in patient treatment and ensure colleagues are supported in their duties.

The Charity's objectives are such that the area of intended benefit relates to the NHS, wholly or mainly for the service provided by Gloucestershire Hospitals NHS Foundation Trust, to include patients and colleagues. By virtue of these objectives the patient benefit is inherently considered in all activities undertaken.

By raising funds and through careful management of our existing funds, Cheltenham and Gloucester Hospitals Charity provides a public benefit by making grants to Gloucestershire Hospitals NHS Foundation Trust and the other organisations it works with in order to support patients and colleagues. This is ‘for any charitable purpose or purposes relating to the National Health Service’, which includes funding facilities, equipment and research and to support associated healthcare and complementary services for patients of Gloucestershire Hospitals NHS Foundation Trust.

During the year the charity undertook a strategic review and restructure, in order to best achieve priorities including the diversification of income, impact measurement, strategic partnership working, the planned launch of a new brand in 2023 and development of the Charity’s first capital appeal to transform the facilities for Oncology. This was completed and an update on progress against milestones is reviewed at each charitable funds committee meeting.

11. Risk Management

In terms of risk management, the charity’s systems and protocols are aligned to those of the Trust. Accordingly, the Trust’s risk system has been utilised to track and mitigate risk for the charity. The Charity Risk Register is regularly reviewed by the Charity management team and at every Charitable Funds Committee meeting.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

6

2022/23 Financial Review and Fundraising Highlights

Financial Review

The economic climate has continued to impact on our charity, with high rates of inflation and the increased cost of living having a knock-on effect in the charity sector. Despite this challenging environment the public have continued to kindly give support and the charity was in receipt of £1,350k of donated income (£1,375k 2021/22), this included £442k of legacy income and £247k in grants.

The overall fund balance of the Charity stands at £3,960k (£4,700k 2021/22). Of this, £2,223k has been committed by the charity for expenditure, including funds to purchase a Gamma scanner, the cost of our Focus Cancer support Team, the community partnership project and a planned transformation of facilities for cancer patients in the Gloucestershire Oncology Centre. Included in the fund balance is the Charity’s reserve which as at 31 March 2023 was £318,876 (£318,876 2021/22). The Charity’s investments are carrying an unrealised loss of £39k (unrealised gain £140k 2021/22).

Charitable Expenditure

A number of varied projects were funded during the year to make a wide impact across the hospitals, with a total of £1,910k (£2,302k 2021/22) spent in the year, with £1,544k (£2,008k 2021/22) spent on projects to meet charitable purposes, including the purchasing of equipment, support for medical research and staff training.

Key projects included:

Analysis of Charitable Expenditure

----- Start of picture text -----
Patients Welfare &
18% Amenities
9%
Staff Welfare &
6%
Development
5% Buildings and Outdoor
spaces (inc Artwork)
Equipment
31%
Research
31%
Community Project
----- End of picture text -----

The cost of charity management, grant making and administration in the year was £134k, and the cost of fundraising in the year was £358k. The cost of fundraising reflects an early investment in private phase fundraising of the Big Space Cancer Capital Appeal to transform our cancer facilities, which is anticipated to bring significant future income to the charity in future years.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

7

2022/23 Financial Review and Fundraising Highlights

2022/23 Fundraising Highlights

The continued support of the local community for our charity, and patients and staff in our local hospitals, is greatly appreciated – and never more than in the current economic climate.

The kindness of those who choose to leave a gift in their will to our charity is greatly appreciated by staff, and enables us to fund projects to make an impact for the future of patients receiving treatment and care. £442k was received from gifts in wills during the year, demonstrating the importance of these gifts to our work.

It was particularly good in 2022/23 to see the return of charity events following the difficulties around these in previous years due to COVID-19. Our Walk for Wards in May 2022 saw patients, staff and supporters coming together to raise funds in the delightful surrounds of Cirencester Park, and this started a year in which our events and challenge income returned to levels seen in previous years. From marathon runners to three-peaks challenges, sponsored walkers to head shaves, the dedication of our supporters to take on challenges and raise funds continues to amaze and inspire us.

Individuals continued to kindly give to the charity despite the cost-of-living pressures, with donations totalling £534k which included £89k following the private launch of the Big Space Cancer Appeal in September 2022. This first phase of fundraising will be followed by further work in 2023/24 and beyond, and through this we aim to transform the experience for our cancer patients.

The highest levels of support continue to arrive for key areas of our work such as the CT Scanner Appeal, and our Focus Fund which provides support for local cancer patients and specialist equipment for the Gloucestershire Oncology Centre. We had a positive reaction to the launch of a new appeal to fund a baby loss remembrance garden at Gloucestershire Royal Hospital, particularly from local families who have experienced baby-loss – their support is deeply appreciated. The support of those who give in-kind gifts to help us make an impact, or give their time to volunteer for the charity, is also greatly appreciated.

Case Study – Digital Mobile X-rays

Thanks to donors including the Freemasons of Gloucestershire, two new digital mobile X-rays have been funded. This life saving equipment enables medical teams to get images of patients on the ward who are too unwell to go to the X-ray department. The images are available immediately as soon as the X-ray has been taken allowing for faster diagnosis and treatment. These machines benefit everyone from premature babies needing urgent medical treatment to those with long-term health conditions.

The Charity continues to be extremely grateful for the support we receive from partner charities who raise funds on our hospital sites, with our hospitals typically benefiting from grants from these organisations who include Gloucestershire Eye Therapy Trust, Pied Piper, Scoo-B-Doo and Gloucestershire Arthritis Trust.

NHS Charities Together have continued their support, particularly with funding of our Community Partnership Project, and charitable trusts and other organisations kindly give grants to support our work.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

8

2022/23 Financial Review and Fundraising Highlights

Without our donors, supporters, partner charities, and those who so kindly choose to remember the hospitals in their will, the projects we fund would not be possible, and we are grateful for every gift which helps us make an impact for local patients and NHS staff.

Case Study – Walk for Wards

In May 2022 over 200 NHS staff, patients and supporters attended our Walk for Wards event at the Bathurst Estate in Cirencester Park. Over £14k was raised for 17 different wards and appeals with supporters completing either a 3km or 10km route.

Family members Austin, Bethan, Dylan and Imogen walked for Gloucestershire Maternity Bereavement Team. Bethan said: "We had such an amazing day out as a family in the most beautiful setting. It was made even more special knowing that we had helped raise funds for an amazing cause whilst saying thank you to our incredible NHS."

Our Fundraising Practices

Members of the charity’s fundraising team co-ordinate the activities of supporters both in the hospitals and in the wider community. They also organise fundraising events and activities and fundraising appeals for the charity. There have been no complaints about fundraising activity in the past year. The fundraising team are signed up to the Fundraising Regulator’s Code of Fundraising Practice and are a member of NHS Charities Together, modelling best practice for NHS charities.

Case Study – Fibro Scanning technology

A Fibro Scanner is a type of ultrasound that is used to assess liver fibrosis in a non-invasive way.

Deborah Durrant, Senior Liver Specialist Nurse: “Being able to provide patients with an accurate and prompt diagnosis is so important. Previously patients may have had to undergo a liver biopsy, have an inpatient stay or a longer wait for their results. With the Fibro Scanner the procedure is non-invasive, quick and informative, patients can then be guided to make lifestyle changes to optimise their liver health. This equipment really has made a huge difference to both staff and patients” Our thanks to donors including a charitable grant from Norgine Pharmaceuticals for making this possible.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Our Future Plans

Our Future Plans

Our strategic priorities were reviewed in 2022/23, and identified key themes for our future work: The charity’s annual plan for 2023/24 aims to develop these priority areas:

2023/24 will be a key year as we work towards strategic milestones in our annual plan, which are reviewed by the Charitable Funds Committee. We aim to advance the Big Space Cancer Appeal private phase and build a strong platform for the future of our work - with our staff structure, systems and income generation facilitating the charity to make the greatest impact possible.

While the economic environment can be expected to bring challenge to the charity sector, by investing in the GCI private phase and focussing on effective and efficient public fundraising we aim to build sustainable future income streams.

We anticipate working alongside the trust on our next long-term strategy as we enter 2024/25, which will give the charity the opportunity to build further on the foundation this plan establishes - looking ahead to ambitions in the longer term, and planning the milestones and governance which takes the charity to completing the Big Space Cancer Appeal and beyond.

Case Study – Stroke Research Nurse

One in six people will experience a stroke in their lifetime and the specialist team at our Trust treat around 1,000 local patients every year. Identifying through research the most effective course of treatment and rehabilitation for stroke patients can have a life changing impact.

Reggie Gray “As a Stroke Research Nurse, I work alongside ward staff to talk to patients and their families about the trial opportunities available to them. Our research is focused on the care and rehabilitation of patients; helping to give them the best possible future after surviving a stroke. This charitably funded role means we can offer more opportunities, such as medicine, therapy and genetic trials, for the majority of our patients.”

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Investments

Investments

The Charitable Funds Investment Committee meets twice a year, reporting to the Trustee and the Charitable Funds Committee. The Trustee will review the Investment Policy and Investment Mandate approved in 2020 during 2023. The Investment Policy includes the charity’s Ethical Investment Policy, which attempts to ensure that all investments are ethically and environmentally sound, and are not opposed to the purpose of the charity.

The Investment Mandate sets out the investment objectives for the charity, which are for total return (income and capital growth) ahead of the prevailing rate of inflation in real terms over the long term with a diversified approach at a low to moderate risk level. Short term dividend income is of secondary concern. The level of investment risk taken is reviewed regularly and has been appropriately mitigated by apportioning approximately half of the funds in a low risk portfolio, with the other half in a balanced portfolio.

The following investment objectives have been agreed:

The value of the investment portfolio fell over the year, as the economic position worsened. Central banks, in their eagerness to tame a rapid increase in inflation they had previously described as ‘transitory’, abruptly signalled the end of an era of ‘quantitative easing’ and low interest rates. Russia’s invasion of Ukraine greatly exacerbated the inflationary problem and threatened shortages of a wide range of commodities – most notably oil, gas and grains. The steep reappraisal of expectations for inflation and interest rates was negative for bonds and equity markets, as the increased risks of recession became ‘priced in’.

The Charity regularly reviews the performance and the level of risk taken with our investment managers, to ensure we are comfortable with the degree of market volatility that it is exposed to, and it takes a long-term view over it’s investments.

The amount the Charity will hold in cash will vary depending on the cash flow and spending plans. During the year the Charitable Funds Committee approved the holding of donations in excess of £2,000k in cash for one CT scanner and enabling works, which were finally completed and paid for by the year end. The charity chooses to hold funds in cash for its capital projects being funded, rather than it being invested.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Reserves Policy

Reserves Statement

The Charitable Funds Committee review our reserves policy and statement annually, through which we aim to minimise the risk of a reduction in charitable income to ensure that the charity can cover its ongoing operational costs whilst maintaining expenditure to meet charitable purpose. The charity holds a reserve created by the realisation of investment gains in 2017. It is agreed that the reserves held should be sufficient to cover the charity’s costs for minimum of 3 months to include salaries, redundancy and core charitable administration expenditure. The charity’s committed expenditure on funding charitable purpose is held as cash, as the requirement to draw down the funds as expenditure is incurred is in the short term and therefore is not included in the investment portfolio.

Any surplus generated through investments, agreed as over 20% of investments, can be realised by the Trustee and used to fund future charitable activity or to increase the fixed reserve if required.

The realised gains on investments held at 31 March 2023 is £318k, which is a fixed reserve. The charity’s expenditure on salaries and operational costs for 3 months is £119k, which together with redundancy costs of £148k and operational cost of £24k means there is sufficient in the fixed reserve to cover the winding down of the charity during 2023/24, should that be necessary.

The Trustee is mindful that donated monies require utilisation and should not be accumulated over time. As a general guide, the Trustee aims in any one year to spend at least the equivalent amount that has been raised through fundraising activity. The Trustee reviews the balances held in all funds, in accordance with the provision of the NHS Acts relating to charitable funds, to determine whether these funds are likely to be committed in the near future, and if not the reasons for this.

Case Study – Reaching Out Team

Thanks to a grant from NHS Charities Together, The Reaching Out team has been created to engage with communities, educate/inform them about NHS Services, improve their health and wellbeing, and ultimately keep people safe and well at home, enabling better health outcomes and reducing the pressure on the NHS. The team consists of a Health and Wellbeing Co-ordinator and 8 Community Outreach Workers, who between them speak 8 different languages and have a wide reach across the community. The team were delighted to be winners of the Gloucestershire Health and Care Better Care Together Tackling Health Inequality Award during the year.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Independent auditor’s report to the trustees of Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund

Report on the audit of the financial statements

Opinion

In our opinion the financial statements of Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund (the ‘charity’):

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report.

We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Financial Reporting Council’s (the ‘FRC’s’) Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the [group or the parent] charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We considered the nature of the charity’s industry and its control environment, and reviewed the charity’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management and the trustees about their own identification and assessment of the risks of irregularities, including those that are specific to the charity’s business sector.

We obtained an understanding of the legal and regulatory framework that the charity operates in, and identified the key laws and regulations that:

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

As a result of performing the above, we identified the greatest potential for fraud or non-compliance with laws and regulations in the following area, and our procedures performed to address it are described below:

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Report on other legal and regulatory requirements

Matters on which we are required to report by exception

Under the Charities (Accounts and Reports) Regulations 2008 we are required to report in respect of the following matters if, in our opinion:

We have nothing to report in respect of these matters.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Michelle Hopton FCA Deloitte LLP Statutory Auditor Bristol, United Kingdom 14 December 2023

Deloitte LLP is eligible for appointment as auditor for the charity by virtue of its eligibility for appointment as audit of a company under section 1212 of the Companies Act 2006.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Gloucestershire Hospitals NHS Foundation Trust Charitable Fund Statement of Financial Activities For the year ending 31 March 2023

Note
Incoming Resources		 Restricted
Funds
2022-23
£000		 Unrestricted
Funds
2022-23
£000		 Total
Funds
2022-23
£000		 Restricted
Funds
2021-22
£000		 Unrestricted
Total
Funds
Funds
2021-22
2021-22
£000
£000
From :
Donations & Legacies
2
Investment Income
3
Total Incoming Resources		 796
0		 427
127		 1,223
127
1,350		 1,054
0		 256
1,310
66
66
322
1,376
796 554 1,054
Expenditure on
Raising Funds
4
Charitable Activities:
5,6		 0 -366 -366 -132 -162
-294
-
Community Projects		 -277 0 -277
-
Medical research		 -71 0 -71 0 0
0
-
Purchase of new equipment		 -388 -91 -479 -650 -27
-677
-
Building /refurbishment of buildings		 -437 -46 -483 -1,072 -20
-1,092
-
Staff education and welfare
-
Patient education and welfare
Total expenditure		 -57
-3
-1,233		 -37
-137
-677		 -94
-140
-1,910		 -54
-122
-2,030		 -15
-69
-48
-170
-272
-2,302
Net gains/(losses) on investment assets
7		 0 -179 -179 0 59
59
Net income /(expenditure)
Transfer between funds		 -437
-95		 -302
95		 -739
0		 -976
-54		 109
-867
54
0
Net Movements in funds
Reconciliation of Funds		 -532 -207 -739 -1,030 163
-867
Total Funds brought forward 2,886 1,814 4,700 3,916 1,651
5,567
Total Funds carried forward 3,960 1,814
4,700
2,354 1,606 2,886

The notes at pages 20 to 27 form part of these financial statements.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Gloucestershire Hospitals NHS Foundation Trust Charitable Fund Balance Sheet as at 31 March 2023

Balance Sheet
as at 31 March 2023
Note
Fixed Assets		 Total
Fund
2022-23
£000		 Total
Fund
2021-22
£000
7
8
9
10
Total Fixed Assets
Investments
Creditors falling due after more than one year
Creditors falling due within one year
Total assets less current liabilities
Liabilities
Total Funds
Total net assets
The Funds of the Charity
Restricted income funds
Unrestricted income funds
Total Current Assets
Cash at bank and in hand
Debtors
Current Assets
Net Current Assets		 1,885
1,885
175
2,201
2,376
-301
2,075
3,960
0
3,960
2,354
1,606
3,960		 2,063
2,063
6
3,262
3,268
-631
2,637
4,700
0
4,700
2,886
1,814
4,700

The notes at pages 20 to 27 form part of these financial statements.

Signed

Deborah Evans Chair

Karen Johnson Director of Finance

Date: 22 11 2023

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Statement of Cash Flow For the year ending 31 March 2023

Note
Cash flow from operating activities:
Net cash provided by / (used in) operating activities
11
Cash flow from investing activities:
Dividends, interest and rents from investment
3
Proceeds from sale of investments
7
Purchases of investments
7
Net cash provided by / (used in) investing activities
9
9
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Change in cash and cash equivalents in the reporting period		 Total Total
Funds Funds
2022-23 2021-22
£000 £000
-1,186 -550
127 66
358 546
-359 -535
125 77
-1,061
3,262
2,201		 -473
3,735
3,262

The notes at pages 20 to 27 form part of these financial statements.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

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Notes to the Financial Statements

The financial statements have been prepared under the historic cost convention, as modified for the revaluation of certain investments.

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 October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

1.2 Incoming Resources

The policies followed which deal with income, voluntary assistance and donations, are:

1.3 Resources expended

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

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

b) Charitable Activities

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

Support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration and audit costs. The support costs have been apportioned between raising funds and charitbale activities and apportioned across restricted and unrestricted funds in line with the SORP. The anlalysis of support costs and the basis of apportionment applied are shown in note 5.1.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

20

1.4 Structure of funds

Where there is a restriction on the purpose to which a fund may be put, the fund is classified in the accounts as a restricted fund, all other funds are classified as unrestricted. Where an unrestricted fund is designatied for s specific purpose this is included within desigated funds which forms part of the unrestricted reserves.

1.5 Fixed Assets

No fixed assets were owned by the charity during the financial year.

1.6 Investment Fixed Assets

Investment fixed assets are shown at market value. Quoted stocks and shares are included in the balance sheet at mid-market price.

1.7 Realised gains and losses

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

1.8 Debtors

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

1.9 Creditors

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.

1.10 Going Concern

The Trustee considers there are no material uncertainties about the Gloucestershire Hospitals NHS Foundation Trust Charitable Fund's ability to continue as a going concern. The Trustee does not commit to expenditure which would exceed reserves or expected income. The reserves of the charity are held either as cash or investments which are managed by Brewin Dolphin. As at 31.03.23, the charity had plans for expenditure totalling £2,223k. Total funds as at the same date were £3,960k, of which the majority was held as cash or readily realisable investments.

As described in the Trustees’ Annual Report, the charity continues to support patients and staff at Gloucestershire Hospitals NHS foundation Trust as follows:

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

21

2
3
4
5
5.1		 Analysis of voluntary income
Restricted
Unrestricted
Total
Funds
Funds
Funds
2022-23
£000
£000
£000		 Restricted
Unrestricted
Total
Funds
Funds
Funds
2021-22
£000
£000
£000
Donations from individuals
Corporate donations
Charities and Non Corporate Bodies
Grants
Legacies		 121
347
468
2
23
25
13
28
41
218
29
247
442
0
442		 132
229
361
40
10
50
105
17
122
333
0
333
444
0
444
Total 796
427
1,223		 1,054
256
1,310
Donations from individuals are gifts from members of the public, relatives of patients and staff. Restricted
Unrestricted
Total
Funds
Funds
Funds
2021-22
£000
£000
£000
0
64
64
0
2
2
Gross investment income Restricted
Unrestricted
Total
Funds
Funds
Funds
2022-23
Quoted investments (fixed asset investments)
Interest on cash held on deposit (current assets)
Total		 £000
£000
£000
0
77
77
0
50
50
0
127
127
0
66
66
Analysis of expenditure on raising funds Restricted
Unrestricted
Total
Funds
Funds
Funds
2022-23
£000
£000
£000
0
333
333
0
8
8
0
25
25
0
366
366
Grant
funded
activity
Support cost
Total		 Restricted
Unrestricted
Total
Funds
Funds
Funds
2021-22
£000
£000
£000
Fundraising Office
Investment management		 125
143
268
0
9
9
7
10
17
Support costs
132
162
294
Grant
funded
activity
Support
cost
Total
Analysis of charitable expenditure
2022-23
£000
£000
£000		 2021-22
£000
£000
£000
Restricted funds 115
7
122
51
3
54
1,006
66
1,072
610
40
650
0
0
0
0
0
0
Patient education and welfare
Staff education and welfare
Building /refurbishment of buildings
Purchase of new equipment
Medical research
Community Projects
Total		 3
0
3
53
4
57
406
31
437
361
27
388
66
5
71
258
19
277
1,147
86
1,233		 1,782
116
1,898
Grant
funded
activity
Support
cost
Total
Funds
Funds
2021-22
£000
£000
£000
45
3
48
14
1
15
19
1
20
25
2
27
0
0
0
0
0
0
Grant
funded
activity
Support cost
Total
2022-23
£000
£000
£000
Unrestricted Funds
Patient education and welfare
Staff education and welfare
Building /refurbishment of buildings
Purchase of new equipment
Medical research
Community Projects
Total		 127
10
137
34
3
37
43
3
46
85
6
91
0
0
0
0
0
0
289
22
311
103
7
110
Institutions receiving grant support
T		 otal Amount Paid
Total Amount Paid
2022-23
2021-22
£'000
£'000
5.2 GHNHSFT 1227
1885
Gloucestershire VCS Alliance 111
0
Gloucestershire Health and Care NHS FT 34
0
NHS Gloucestershire CCG 64
0
Total 1436
1885
The charity did not undertake any direct charitable activities on
approved in favour of the partner organisation, Gloucestershire H
grant from NHS Charities Together (NHS CT) as the lead organi
grants in 2022/23 when the NHS CT terms and conditons were
by them.		 its own account during the year. All of the charitable expenditur
ospitals NHS Foundation Trust to carry out activities that will be
sation of a group of Gloucestershire organisations. The Charity d
met. The charity incurred expenditure with third parties in pursua		 e was in the form of grant funding. Grants were
nefit their patients and Staff. The Charity recieved a
istributed the funds to the organisations by way of
nce of those grants or reimbursed expenditure incurred
Allocation of support costs and overheads
Raising
Funds
Charitable
activities
Total
2022-23
£'000
£'000
£'000
1
7
8
10
42
52
14
59
73
0
0
0
0
1
1
25
109
134
Raising
Funds
Charitable
activities
Total
2021-22
External Audit
Administration
Financial administration
Bank Charges
Miscellanous
Total
£'000
£'000
£'000
External Audit
Administration
Financial administration		 0
7
7
0
65
65
0
50
50
0
1
1
17
1
18
17
124
141
f expenditure of each type of activity.
Bank Charges
Miscellanous
Total
Support costs are apportioned on the basis of the level o
Allocation of support costs and overheads
Raising Charitable
Funds activities Total
2022-23
£'000 £'000 £'000
External Audit 1 7 8
Administration 10 42 52
Financial administration 14 59 73
Bank Charges 0 0 0
Miscellanous 0 1 1
Total 25 109 134
Raising Charitable
Funds activities Total
2021-22
£'000 £'000 £'000
External Audit 0 7 7
Administration 0 65 65
Financial administration 0 50 50
Bank Charges 0 1 1
Miscellanous 17 1 18
Total 17 124 141
Support costs are apportioned on the basis of the level of expenditure of each type of activity.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

22

6 Analysis of Staff costs

The charity has no direct employees; Staff are employed by the Gloucestershire Hospitals NHSFT which handles all personal tax transactions and HR issues, employee costs are recharged as set out in note 12. These are:

2022-23
2021-22
£000
£000
Staff in the Charity and fundraising team
10
10
7 Fixed asset investments
Total
Total
2022-23
2021-22
£000
£000
Market value brought forward
2,063
2,015
Add additions to investments at cost
359
535
Less disposals at carrying value
-358
-546
Add net gain / (loss) on revaluation
-179
59
Market value as at 31 March
1,885
2,063
Fixed asset investments by type
Total
Total
2022-23
2021-22
£000
£000
Bond Funds
555
523
UK Equity Funds
248
362
Overseas Equity Funds
602
661
Other Investments
382
381
Property Funds
62
89
Total Listed Investments
1,849
2,016
Cash on interest bearing deposits
36
47
Total
1,885
2,063
The Trustee sets 5% of market value as at 31 March as the threshold for the reporting of material investments. As at
31 March 2023 there were no material investments.		 2022-23
2021-22
£000
£000
Staff in the Charity and fundraising team
10
10
7 Fixed asset investments
Total
Total
2022-23
2021-22
£000
£000
Market value brought forward
2,063
2,015
Add additions to investments at cost
359
535
Less disposals at carrying value
-358
-546
Add net gain / (loss) on revaluation
-179
59
Market value as at 31 March
1,885
2,063
Fixed asset investments by type
Total
Total
2022-23
2021-22
£000
£000
Bond Funds
555
523
UK Equity Funds
248
362
Overseas Equity Funds
602
661
Other Investments
382
381
Property Funds
62
89
Total Listed Investments
1,849
2,016
Cash on interest bearing deposits
36
47
Total
1,885
2,063
The Trustee sets 5% of market value as at 31 March as the threshold for the reporting of material investments. As at
31 March 2023 there were no material investments.		 2022-23
2021-22
£000
£000
Staff in the Charity and fundraising team
10
10
7 Fixed asset investments
Total
Total
2022-23
2021-22
£000
£000
Market value brought forward
2,063
2,015
Add additions to investments at cost
359
535
Less disposals at carrying value
-358
-546
Add net gain / (loss) on revaluation
-179
59
Market value as at 31 March
1,885
2,063
Fixed asset investments by type
Total
Total
2022-23
2021-22
£000
£000
Bond Funds
555
523
UK Equity Funds
248
362
Overseas Equity Funds
602
661
Other Investments
382
381
Property Funds
62
89
Total Listed Investments
1,849
2,016
Cash on interest bearing deposits
36
47
Total
1,885
2,063
The Trustee sets 5% of market value as at 31 March as the threshold for the reporting of material investments. As at
31 March 2023 there were no material investments.		 2022-23
2021-22
£000
£000
Staff in the Charity and fundraising team
10
10
7 Fixed asset investments
Total
Total
2022-23
2021-22
£000
£000
Market value brought forward
2,063
2,015
Add additions to investments at cost
359
535
Less disposals at carrying value
-358
-546
Add net gain / (loss) on revaluation
-179
59
Market value as at 31 March
1,885
2,063
Fixed asset investments by type
Total
Total
2022-23
2021-22
£000
£000
Bond Funds
555
523
UK Equity Funds
248
362
Overseas Equity Funds
602
661
Other Investments
382
381
Property Funds
62
89
Total Listed Investments
1,849
2,016
Cash on interest bearing deposits
36
47
Total
1,885
2,063
The Trustee sets 5% of market value as at 31 March as the threshold for the reporting of material investments. As at
31 March 2023 there were no material investments.
Total Total
Market value brought forward
Add additions to investments at cost
Less disposals at carrying value
Add net gain / (loss) on revaluation
Market value as at 31 March		 2022-23
£000
2,063
359
-358
-179
1,885		 2021-22
£000
2,015
535
-546
59
2,063
Fixed asset investments by type Total
2022-23		 Total
2021-22
£000
555
248
602
382
62
1,849
36
1,885		 £000
Bond Funds
UK Equity Funds
Overseas Equity Funds
Other Investments
Property Funds
Total Listed Investments
Cash on interest bearing deposits
Total		 523
362
661
381
89
2,016
47
2,063
The Trustee sets 5% of market value as at 31 March as the threshold for the reporting of material investments. As at
31 March 2023 there were no material investments.

The main risk from financial instruments lies in the combination of uncertain investment markets and volatility in yield.

Gloucestershire Hospitals Charities manages these investment risks by retaining expert advisors and operating an investment policy that provides for a high degree of diversification of holdings within investment asset classes.

The value of the investments decreased by £179k over the financial year.

Liquidity risk is anticipated to be low as all assets are traded and the commitment to intervention by central banks and the market regulators has continued to provide for orderly trading in the markets and so the ability to buy and sell quoted equities and stock is anticipated to continue. Gloucestershire Hospitals Charites investments are mainly traded in markets with good liquidity and high trading volumes. Gloucestershire Hospitals Charities have no material investment holdings in markets subject to exchange controls or trading restrictions.

Gloucestershire Hospitals Charities does not make use of and derivatives or similar complex instruments as it has a long-term time horizon for its investments and aims to weather short-term volatility in order to meet its long-term objectives. The level of investment risk taken is reviewed regularly and has been appropriately mitigated by apportioning approximately half of the funds in a low risk portfolio, with the other half in a balanced portfolio.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

23

8
9
**10 **		 Analysis of current debtors
Debtors under 1 year		 Total
Total
2022-23
2021-22
£000
£000		 Total
Total
2022-23
2021-22
£000
£000
VAT
Owed by parent entity
Other Debtors
Total		 0
1
0
0
175
5
175
6
Analysis of cash
Total
Total
2022-23
2021-22
a) The parent entity raises invoices on behalf of the Charitable Funds. This balance is repayable on
demand and does not accrue interest.
Cash at bank and cash in hand
Total		 £000
2,201
2,201		 £000
3,262
3,262
Analysis of current liabilities Total
2022-23
£000		 Total
2021-22
£000
Creditors less than one year
Trade Creditors
Owed to parent entity
Accruals
Total*		 6
256
39
301
10
592
29
631

*The balance owed to parent entity is repayable on demand and does not accrue interest.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

24

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

Total
Total
Funds
Funds
2022-23
2021-22
£000
£000
-739
-867
179
-59
-127
-66
-169
13
-330
429
-1,186
-550
(Gains)/ losses on investment
Dividends and interest from investment
Net cash flow from operating activities
Net income / (expenditure) as per Statement of Financial Activities:
Decrease/(Increase) in Debtors
Decrease/(increase) in creditors
Net cash provided by / (used in) operating activities

Analysis of staff costs and remuneration of key management personnel

12


Salaries and Wages
Social Security Costs
Employers Pension Contribution
Total		 2022-23
2021-22
£000
£000
306
287
42
28
32
41
380
356
The above staff costs have been		 2022-23
2021-22
£000
£000
306
287
42
28
32
41
380
356
The above staff costs have been		 2021-22
£000
287
28
41
356		 2021-22
£000
287
28
41
356
The above staff
As set out in note 6 Analysis of staff costs, the charity has no direct employees.
recharged by Gloucestershire Hospitals NHSFT.		 costs have been
Employees Paid over £60k
Pay Band
Number of
Employees
Pay
Band
Number of
Employees
£000
£000
60-70
1
60-70
2
2021-22
2022-23
Employees Paid over £60k 2022-23 2022-23 2021-22
Number of Pay Number of
Pay Band Employees Band Employees
£000 £000
60-70 1 60-70 2

13 External audit fee disclosure

External Audit fee excluding VAT for the year 2022/23 is £7k (2021/22 £7k).The fee comprises the annual audit charge, there were no other services provided .

14

Related Party Transactions

During the year none of the Trustees or members of the key management staff or parties related to them has undertaken any transactions with Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund or received any benefit from the charity in payment in kind. The Trustees received no honoraria, emoluments or expenses in the year from the charity.

Board members and other senior staff take decisions both on charity and exchequer matters but endeavour to keep the interests of each discreet 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.

During the year the Charitable Trust made capital purchases of £347k and a cash grant of £229k for building works was given to GHNHSFT where the Trustees are all members of the Trust board.

Staff costs detailed in note 12 are paid by the GHNHSFT and recharged to the charity.

The charity does not have its own debtor system GHNHSFT raises invoices on the charity's behalf. The amount outstanding for these invoices is shown as a debtor in note 8.

15 Transfers

Transfers include a charge made to funds for the cost of fundraising.

The transfer between restriced and unresticted funds relates to the transfer of spending of unrestricted funds on areas where there is a restricted income, in order to reflect the correct carried forward balance of restricted funds.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

25

16 Analysis of charitable funds

16.1 Analysis of restricted fund movement

Balance
B/fwd Income Expenditure Transfers Fund C/fwd
01.04.22 31.03.23
£000 £000 £000 £000 £000
Battledown Ward General Purposes 96 23 -23 0 96
Big Plus 0 14 0 -3 11
Cardiology 1/2 88 24 -9 0 103
CGH League of Friends 234 5 -20 -137 82
Cotswold Dialysis Fund C/F 4 0 -5 1 0
CT Scanner Appeal 657 122 -283 15 511
Dementia 31 0 -9 0 22
Dermatology 17 0 -2 0 15
Diabetes C/F 72 0 -3 0 69
Edward Jenner Clinic/Haem CF 108 0 0 0 108
Endoscopy Dept C/F 19 0 0 0 19
FOCUS 34 213 -23 0 224
Fund Management 10 74 -86 0 -2
General Purposes 322 144 -31 0 435
Glos Arthritis Trust 4 0 0 0 4
Glos Urology fund 71 4 0 0 75
Gloucestershire Heart Appeal 21 4 0 -1 24
ITU 1 0 0 0 1
Medical Discharge Unit 11 25 -57 32 11
Neurology Brainwave C/F 37 0 -2 -1 34
NHS Charities together 161 121 -259 0 23
Oncology Capital Appeal 410 0 -142 0 268
Ophthalmology Equipment 257 0 -229 0 28
Paediatric Diabetes C/F 1 0 0 0 1
Paediatric Wards C/F 4 9 0 0 13
Palliative Care Team C/F 23 0 0 0 23
Pied piper -4 13 -14 0 -5
Richards Bursary 11 1 -3 0 9
Special Care Baby Unit C/F 12 0 0 0 12
Staff Awards 30 0 -29 -1 0
Surgical Laser C/F 120 0 -4 0 116
W & C General Purposes 26 0 0 0 26
2886 796 -1233 -95 2354
Balance B/fwd Income Expenditure Transfers Transfers Fund C/fwd Fund C/fwd
01.04.21 31.03.22
£000 £000 £000 £000 £000
Battledown Ward General Purposes 94 2 0 0 96
Cardiology 1/2 129 0 -42 0 88
CGH League of Friends 233 0 1 0 234
Cotswold Dialysis Fund C/F 4 0 0 0 4
CT Scanner Appeal 1,241 386 -959 -11 657
Dementia 44 0 -11 -2 31
Dermatology 18 0 -1 0 17
Diabetes C/F 72 0 0 0 72
Edward Jenner Clinic/Haem CF 108 0 0 0 108
Endoscopy Dept C/F 22 0 -3 0 19
FOCUS 292 8 -139 -127 34
Fund Management 109 46 -249 104 10
General Purposes 553 129 -348 -12 322
Glos Arthritis Trust 4 2 -2 0 4
Glos Urology fund 0 71 0 0 71
Gloucestershire Heart Appeal 0 23 0 -2 21
ITU 1 0 0 0 1
Medical Discharge Unit 11 0 0 0 11
Neurology Brainwave C/F 52 0 -15 0 37
NHS Charities together 0 161 0 0 161
Oncology Capital Appeal 561 0 -147 -4 410
Ophthalmology Equipment 256 100 -99 0 257
Paediatric Diabetes C/F 0 1 0 0 1
Paediatric Wards C/F 0 2 0 2 4
Palliative Care Team C/F 21 2 0 0 23
Pied piper -4 5 -5 0 -4
Richards Bursary 13 1 -3 0 11
Special Care Baby Unit C/F -2 9 6 0 12
Staff Awards 0 31 0 0 31
Surgical Laser C/F 52 71 -2 0 120
W & C General Purposes 33 5 -11 -1 26
3,916 1,054 -2,030 -54 2,886

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

26

16.2 Analysis of unrestricted and designated fund movements

B/fwd
Income
Expenditure
Transfers
Fund C/fwd
01.04.22
31.03.23
£000
£000
£000
£000
£000
Breast Care Fund
Cardiac Ward
Colorectal Fund
Cotswold Dialysis Fund C/F
FOCUS
General Purposes
Glos Urology fund
ITU
Lillybrook Ward
Maternity Unit C/F
Medical General Purposes
Oncology Capital Appeal
Optometry
Paediatric Epilepsy
Paediatric Oncology C/F
Realised Gains
Stroke Services
X-Ray Dept
Other Designated Funds		 33
3
-2
-2
32
14
1
-1
-1
13
32
1
0
-2
31
21
0
0
-2
19
248
142
-144
-185
61
38
45
-63
5
25
8
2
0
0
10
13
6
-6
-1
12
7
3
0
0
10
26
9
0
-2
33
29
0
0
-1
28
485
89
0
22
596
58
0
0
0
58
5
11
-1
0
15
19
2
-2
-1
18
319
0
0
0
319
17
3
-8
-1
11
10
1
0
-1
10
432
236
-450
267
305
1814
554
-677
95
1606
Breast Care Fund
Cardiac Ward
Colorectal Fund
Cotswold Dialysis Fund C/F
FOCUS
Fund Management		 Balance B/fwd
Income
Expenditure
Transfers
Fund C/fwd
01.04.21
31.03.22
£000
£000
£000
£000
£000
31
3
0
-2
33
14
1
-1
-1
14
34
0
0
-2
32
20
2
0
-1
21
165
104
-26
5
248
49
103
-171
87
68
General Purposes
ITU
Maternity Unit C/F
Medical General Purposes
Oncology Capital Appeal
Optometry
Paediatric Oncology C/F
Realised Gains
Rendcomb
Stroke Services
X-Ray Dept
Other Designated Funds		 60
6
-21
-8
38
12
10
-9
-1
13
17
12
-1
-1
26
40
0
-6
-5
29
487
0
-2
0
485
58
0
0
0
58
11
11
-2
-1
19
319
0
0
0
319
9
6
-3
-1
11
17
2
-1
-1
17
10
1
0
-1
10
299
61
-29
-16
373
1,651
322
-272
54
1,814

Other Designated Fund balances include all unrestricted funds which have a balance of less than £10k at year end.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

27

Glossary

Glossary

Donations Represent money given by grateful patients or relatives and other third parties. Investment Income Includes dividend income as well as interest received from cash held on deposit. Grants Payable Encompasses expenditure on the purchase of medical equipment and provision for expenditure on patients and staff amenities. Management and Administration Includes the recharge of staff costs involved in the administration of the funds by GHNHSFT staff and the Finance Shared Service. Carrying Value The market value of an investment at the beginning of the financial year or at the time of the last revaluation. Realised gains/losses on investments On disposal of an investment represents the difference between the sale proceeds and its carrying value. Unrealised gains/losses on investments Represents the increase/decrease in the value of investments (not disposed in the year), i.e. difference between market values 1 April to market values 31 March.

Gloucestershire Hospitals NHS Foundation Trust General Charitable Fund Trustees’ Annual Report and Accounts Year ended 31.3.23

28