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2022-03-31-accounts

Transforming patients’ lives in West Hertfordshire

West Hertfordshire Teaching Hospitals NHS Trust Charity Annual Report & Accounts For the year ended 31 March 2022

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Contents

Raise West Hertfordshire Teaching Hospitals NHS Trust Charity

Sycamore House Watford General Hospital Watford WD18 0HB Tel: 07393 232313

Web: raisewestherts.org.uk Email: westherts.raise@nhs.net Instagram: @raisewestherts Twitter: @raisewestherts Facebook: @raisewestherts LinkedIn: @raise-west-herts Registered charity no: 1052210 © Raise 2022

“ Charitable donations mean we can invest in new ideas, specialist equipment, patient comforts and staff development. But there’s so much more we can do.

Tracey Carter, Chief Nurse.

1. Our year at a glance.........................................................................................................................2
2. Chair’s overview ....................................................................................................................................3
3. About our charity .................................................................................................................................4
4. Amazing support ..................................................................................................................................5
5. Our impact ......................................................................................................................................................6
Healing spaces.............................................................................................................................................7
The latest technologies...................................................................................................................8
Improving the patient experience.....................................................................................9
Developing staff.....................................................................................................................................10
Supporting staff......................................................................................................................................11
6. Looking ahead .......................................................................................................................................12
7. Ways you can help ..........................................................................................................................14
8. Our structure, governance
and management .............................................................................................................................16
9. Reference and administrative regulation ..................................................17
**10. ** Financial review..................................................................................................................................18
**11. ** Independent auditor’s report......................................................................................20
**12. ** Financial statements ..................................................................................................................24

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1. Our year at a glance WE RAISED A WE SPENT TOTAL OF £634,000 £529,000 TO BENEFIT PATIENTS OF WHICH £510,000 AND STAFF WAS VOLUNTARY INCOME Each of our 1000 WE AWARDED inpatients received gifts over the festive period, thanks to 69 GRANTS kind-hearted local businesses and RANGING FROM £28 individuals TO £188,000

CHARITABLE CHARITABLE INCOME 2021/22 EXPENDITURE 2021/22 Total income £529,000

Total expenditure £705,000

Donations, grants and sponsorship £450,000 Patient and staff welfare £344,000 Legacies £7,000 Other charitable activities £290,000 Events £53,000 Generating funds £71,000 Investment income £19,000

2. Chair’s overview

The COVID lockdown in England may have entered its final stages in July 2021, but the work of our trust and our charity continued to be dominated by the pandemic this year (2021-22).

We saw the first cases of the Omicron variant in November and the number of patients needing COVID-related care remained high throughout. We were proud to stand by trust staff who bravely battled on to support patients. This is reflected in our

decades of support. Over the years, the League’s donations have literally spanned from the cradle to the grave, funding everything from neonatal equipment to support for end of life care. We will be forever grateful.

Samantha Sherratt - previously charity director in 2018/19 - re-joined us in October 2021 to recalibrate our strategy after the pandemic. We finished the year with great excitement as we moved into our very own office, where we can greet supporters and staff alike. We thank Watford Borough Council for being such kind hosts when we relocated due to social distancing requirements.

expenditure, which shows a greater proportion than usual spent on supporting staff. NHS Charities Together continued to deploy funds raised nationally which we used to fund staff room redevelopments and respite initiatives such as the stress relievers featured on page 11. Never has it been more important for staff to recharge during busy shifts.

I would like to end with a huge thank you to each one of our donors, fundraisers, corporate supporters, volunteers and staff members who help provide a level of patient care which would simply not be possible through NHS funding alone.

We were delighted to see the trust gain teaching status in December 2021. This achievement is a testament to the brilliant work of everyone whose daily business is educating the next generation of healthcare professionals. We have been reflecting on this and look forward to strategically supporting the trust’s role as a learning organisation. It is an exciting development.

Jonathan Rennison

In February, we launched our £695,000 appeal to fund a new high-tech scanner; it will sit at the heart of the new £2.2m interventional radiology suite being developed at Watford General Hospital. The new ‘super scanner’ will enable clinicians to offer life-saving pinhole surgery to around 1,400 patients a year, double what is currently possible. As a result, patients will be treated faster, experience fewer complications and return home sooner.

Chair of the charity committee,

on behalf of the corporate trustee

“

The League of Friends will stay etched in our hearts and memories at Watford for ever

Our wonderful League of Friends of Watford Hospitals kick-started the appeal with £150,000; a fabulous parting gift. The League brought the shutters down on their on-site coffee shop in February, ending six

Jonathan Rennison Chair of the charity committee

The full accounts for the reporting year are shown from Page18 onwards

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3. About our charity

We believe that every patient deserves the highest quality care, whether it’s support through pregnancy, care in an emergency, treatment for a long-term illness, or kindness in final days.

Our vision is for an outstanding experience for the people and communities served by West Hertfordshire Teaching Hospitals NHS Trust, helping them to live longer, healthier lives.

Over half a million patients a year are cared for by our trust’s 5,400 staff across Hemel Hempstead, St Albans City and Watford General hospitals, as well as our physiotherapy centre at Abbots Langley. Our doctors, nurses and other professionals not only deliver acute services across our local population, but a range of specialist services across a wider area, also serving residents of north London, Bedfordshire, Buckinghamshire and east Hertfordshire.

Charitable donations support that care, helping to fund the latest technology, environmental enhancements, staff development and extra comforts that make a difference to patients, day after day, above and beyond what the NHS alone can afford. Our supporters help ensure that the care provided is of the highest level and that patients and their families will benefit for years to come.

We receive donations from patients who want to say thank you, from committed fundraisers to local companies, trusts and foundations and from families who give in memory of a loved one. Gifts in wills from far-sighted patients are also important, as they chose to make a difference for future generations, even after they have died.

[“] Raise CEO

We are grateful to each and every supporter.

Samantha Sherratt

4. Amazing support

We have been extremely fortunate to receive support from many groups, companies, individuals and organisations during the year; people who choose to do something special to say thank you for the care they have received or because they want to benefit local patients.

The Dacorum Motorcycle Riders donned bunny and Santa outfits and arrived full throttle to deliver Easter and Christmas goodies not just to children on the wards, but adults too. Their arrival always causes quite a stir, and we are grateful for their ongoing kindness.

The following are just a selection of our fantastic supporters:

A new sensory room for our children’s ward (at Watford General Hospital) is one step closer to reality thanks to the Fullerians Ride for Lola . Members of the Fullerians RFC community heroically pedalled 355km to Paris in March raising over £20,000.

In May, the #TeamWestHerts’ therapy team, based at Jacketts Field in Abbots Langley, took part in the Captain Tom 100 Challenge. The team ran, walked, and skated a total of 229.5 miles – way over the challenge’s target of 100 – raising over £1,000!

Corporate support meant that we could formally thank and acknowledge the trust’s amazing staff during two glittering events – our Stars of Herts Gala and All Stars culinary extravaganza. So a huge thank you to ASOS, ATOS, Bugler Developments, CAE Systems, Camelot, Capsticks, Cerner, McGee, Sigma, Watford Football Club and Wenzels.

Northwood School for Girls organised a ‘Push and Glide’ swimming gala in November and raised over £3,000 for our Greatest Need Fund.

Three daring midwives - Ellie Kinson, Tasha Above Parsons and Isabella Luxton – performed a Fullerians Ride breath-taking skydive from a height of 15,000 for Lola feet to raise money for us. They originally set themselves a fundraising target of £2,000, but absolutely smashed it, raising almost £4,000.

We also owe our thanks to numerous generous trusts and foundations including the Michael Green Diabetes Foundation, National Association for the Welfare of Children in Hospital, NHS Charities Together and West Herts & Watford Post Graduate Medical Centre Charitable Trust for Education.

The Peaky Blunders (eight managers from the trust) bravely tackled the Three Peaks Challenge with great success, raising nearly £15,000 for the interventional radiology super scanner appeal.

This list is far from exhaustive, and we would like to say thank you to the generosity of all our donors, fundraisers and supporters this year; your support is transformative – you make the difference.

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5. Our impact This year we spent £705,000

This year we invested in a host of patient services, equipment, staff development initiatives and developing our charity.

In this review you can see a snapshot of the strategic and significant changes that supporters have made to the services we provide – they make a huge difference to thousands of patients.

These examples are inspiring and heart-warming and, with ongoing community help, we can do even more next year.

5.1 Healing spaces

We know that coming to hospital can be stressful for many people. Calm, well-designed and welcoming surroundings can reduce stress, aid recovery and enhance wellbeing and safety.

Both rooms were getting very shabby with flaky, scuffed paint and outdated furniture. The impact of hearing potentially bad news can only have been compounded by such dismal surroundings.

Healing spaces are as important to patients’ families as they are to patients. Here is one recent example of how charitable funding has helped: Staff respond to over 85,000 attendances in the emergency department at Watford General Hospital each year, caring for patients who have had a road accident, heart attack, stroke, fall or other injury.

We applied to the League of Friends for a refurbishment grant so we could freshen the décor and buy more comfortable, homely

furniture.

An emergency admission is not only traumatic for the patient but for their loved ones too. Having a quiet, comfortable, confidential space in which doctors and nurses can give an update on the patient’s situation is imperative – particularly if the outlook is uncertain.There are two relatives’ rooms in the emergency department which are used every day. They are intended to provide a quiet space, slightly removed from the busy clinical environment. Relatives can spend several hours in them, waiting to hear news of loved one who is acutely unwell, being resuscitated or awaiting results which will determine the next steps.

“

The rooms now feel much more fresh and clean, which is particularly important as there is no natural light. We strive to treat families with dignity and respect and these improved rooms help considerably with that.

Elsa Locatelli Senior Sister Accident & Emergency

Left: Elsa Locatelli Senior Sister Accident & Emergency, in the entrance to one of the newly refurbished rooms

£9,950 was awarded to facilitate this reconfiguration

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5.2 The latest technologies

5.3 Improving the patient experience

Medical equipment is evolving at such pace that it can be hard for the NHS to keep up! This is where charitable funding can really make a difference by stepping in to buy the latest technologies.

Increasing numbers of children are coming to our hospitals with cardiac problems. This is particularly so post COVID, when the paediatric team saw many more young patients with tiredness, breathlessness, dizziness, faints, chest pain and palpitations.

£1,500 awarded for this remote monitoring equipment

Traditional management would be to see these patients in clinic and perform a heart Right scan and ECG for a defined period. But these Patient Joe, investigations only capture a snapshot of a child’s demonstrating the AliveCor health and wellbeing, and don’t always identify Kardia remote the abnormality – even if one is present. For ECG monitoring example, a child will have a period of continuous device. monitoring for 24 hours (using a special sensor to track their heart activity) and not experience any symptoms in that time. Therefore, their result could be normal - giving a false negative.

Paediatric consultant and neonatal service lead, Dr Sankara Narayanan, requested a grant to trial an AliveCor Kardia device with his young patients. This equipment had already been approved for the remote monitoring of cardiac arrhythmia in adults and he wanted to test its usefulness in assessing children too. The AliveCor Kardia could remotely assess children at home, with the results being electronically transferred to their consultant.

“

The benefits of assessing children this way are manyfold. Children are likely to be less anxious at home, and the disruption to the family is reduced. This grant will enable us to run this proof-of-concept exercise and share our experience with other hospitals which may also potentially benefit from this.

This way, a longer and more accurate recording of cardiac electrical activity can be taken – including when the child is experiencing their symptoms. If the recording shows no abnormality, then the family can be reassured, and the child discharged. If the reading is abnormal, the patient can be referred for further investigations and interventions.

Dr Sankara Narayanan, Consultant paediatrician and neonatal service lead

Supporting patients is at the core of our work, providing funding for specialist services and additional comforts that complement existing NHS-funded services.

Attending hospital can be a frightening experience for children, particularly if they are feeling really poorly. They are divorced from their daily routines and separated from their families and friends, with only a parent, carer or guardian there to care for them and keep them calm. Parents or carers can also feel anxious, however brave a face they portray outwardly.

“

These lights bring the outside in, so children don’t feel so claustrophobic. They’re a beautiful distraction. The lighting brings a calming influence to everybody, making it a much more friendly environment; and children enjoy their time with us a lot more.

Last year, staff responded to over 3,200 attendances in the paediatric assessment unit. This is a relatively new unit, within the footprint of the emergency department and it has low ceilings and no external windows and so can feel a bit oppressive. The staff work hard to make the environment as friendly as possible, with murals, toys and music specifically tailored to children’s tastes and interests. But at the end of the day, they are restricted by the location and layout of the unit.

Sabrina Akhtar Senior Sister, Children’s Emergency Department

£15,000 awarded to these skylight panels

So this year we were delighted to fund new LED light panels which help to transform previously poorly lit rooms, providing an alternative for the dull white ceilings our young patients had to stare up at. By simulating daylight, the LED panels with their realistic high-resolution pictures, children can now feel that they’re being treated under a blue sky.

The colour temperature of the light matches daylight and gives the appearance of actually looking outside through a real window. Patients, families and staff all experience the positive effects of daylight even though they are inside. Children are more relaxed, staff are more energised and the unit has a real wow-factor focus.

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5.4 Developing staff

We support initiatives to develop the skills of staff and volunteers, helping them further their knowledge and enabling them to provide even better care.

Volunteering is a key route through which people ‘get a taste’ of working in hospital before deciding whether the NHS might hold a career for them. The trust’s youth volunteering programme provides young people with the chance to explore many career options, from patient facing roles to administration support.

“

I was proud to be one of the young volunteers who continued to come in during the pandemic, being a helping hand for busy staff and a friendly face for lonely patients.

We thank the John Lewis Partnership for donating £35,000 toward this project

Last year, we secured money from the John Lewis Partnership so the trust could extend its youth volunteering project. The programme provides young people with bespoke training so they can develop a whole host of skills

Yusra Youth volunteer

including customer service, conflict resolution, inclusion and diversity awareness and safeguarding. They also develop the unwritten skills of the workplace such as reliability, teamworking, empathy, honesty and integrity.

Below: Yusra and Omid are volunteering at Watford General as they consider a career in the NHS.

The main beneficiaries of the project have been young people aged 16-24 from Watford and around, where there is a higher than average number who are not in education, employment or training. With our own trust, and the NHS more broadly requiring the next generation of skilled staff, the programme acts as a training ground for tomorrow’s employees.

And, of course, the primary beneficiaries are our patients, their families and visitors. As well as traditional volunteering roles such befriending and help at mealtimes, many of the young volunteers have been involved in peer support, visiting young inpatients to provide companionship during the pandemic when visitors were restricted. This was so important to reduce isolation and loneliness. Over 90% of the patients they visited reported that this volunteer support was very beneficial to them.

5.5 Supporting staff

The physical and emotional health of our doctors, nurses and other healthcare professionals is imperative if they are to provide the very best care for patients.

While the peaks of the pandemic may now be behind us, the ongoing impact continues. Research released by NHS Charities Together in October 2021 revealed that 96% of NHS staff believed that pressures on the service will continue for years to come. They also reported that 44% had experienced anxiety since the pandemic started, 39% reported exhaustion and a quarter reported depression. So, we are proud to fund projects which recognise their contribution and support their wellbeing – from prestigious award events to the little things that help every day.

These stress relievers are easily portable and use sounds, heat, light, vibrational therapy and guided breathing programmes to help staff relax, calming their anxiety and reducing the risk of panic attacks. There’s also a warming function which adds a cosy feel when staff need it most. The programme builds on established breathing exercises and can also help to lower blood pressure.

£1,100 awarded to these relaxation devices

The chaplaincy and pastoral care team are pivotal in supporting the spiritual and emotional wellbeing of our staff, and they came to us, looking to enhance the service they offer. They asked for a grant for ten stress relief, anxiety and relaxation devices.

Below left:

A member of staff with one of the

relaxation devices

“

Sometimes the wards can get overwhelming and you need some time out. These devices allow you a few minutes to yourself, so you can recalibrate and prepare for the rest of the shift ahead.

Amanda Budd Lead Nurse for patient experience and patient participation

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6. Looking ahead

We are hopefully putting the worst of the pandemic behind us, although in the months and years ahead we will still support the trust with its COVID recovery.

But bringing our own proactive priorities back into view, our areas for strategic development over 2022-2025 are:

1. Investing in technical equipment and the physical environment - ensuring enhanced care and a high-quality environment for patients and staff alike.

2. Enhancing the patient experience – focusing on developing and supporting non-clinical charitable activities that make all the difference to a patient’s experience.

3. Developing and supporting staff – ensuring staff are taken care of, helped to remain resilient and feel supported and equipped to do their best every day.

4. Investing in and supporting locally-driven clinical research – supporting the development of high-quality care in our NHS by creating a highquality research environment that attracts the best researchers and retains talent.

We can only do this if we are successful in our fundraising. We are dependent on your kindness, generosity and continued support. Please read on to find out how you can get involved and support us in the year ahead.

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7. Ways you can help

You can see more examples on our website of how kind donations can transform patient care in our local NHS hospitals. Simply visit raisewestherts.org.uk.

If you would like to help and make a difference, you can do so in many ways:

Join our Raise West Herts Champions Club

Make a donation

Raise West Herts Champions are our amazing supporters who donate on a regular basis. Ongoing support is the bedrock of funding that allows us to be flexible and respond to areas of urgent need, wherever and whenever they arise. It’s so important to us that we set up a Raise West Herts Champions Club, to recognise those who stand with us every month and kindly donate on a regular basis.

If you would like to donate to say thank you for the care you or a loved one has received or are simply inspired to help, please:

Become a patron

We also have special patrons programme for individuals who wish to make special large donations from time to time. If you would like to make a significant donation, please contact Samantha Sherratt on Samantha.sherratt1@nhs.net or by calling 07815 459037.

Fundraise

Join one of our events or organise your own with our support. You can see our current events at raisewestherts.org.uk/events and you can find handy hints and tips in our fundraising pack at raisewestherts.org.uk/fundraise. We look forward to hearing about what you might get up to!

Left: One of the skylight panels made possible thanks to kind donations

Above: Some of the charitably-funded lockers in the special care baby unit so staff have somewhere safe to leave their belongings.

Donate in memory of a loved one

Support us through your company

You can commemorate the life of your loved one by setting up an ‘in memoriam’ page at: www. justgiving.com/westhertfordshirenhs.

Adopt us as your charity of the year or encourage your staff to get involved in one of our events. Please talk to us about how we could work together to help meet your corporate social responsibility agenda.

Leave a gift in your Will

A gift left in your Will would make a huge difference to enhancing patient care. Will you help to deliver the very best care for generations to come? You don’t have to leave a fortune, or decide between our hospitals and your family, but anything you do leave will enable our staff to keep delivering the very best care to everyone who needs it in the future. Find out more at: raisewestherts.org.uk /giftsinwills.

Follow our socials and share the news

Keep up to date with all the news on our Facebook, Twitter and Instagram feeds @ RaiseWestHerts, and via LinkedIn @raise-west-herts. Tell us your news too, and we’ll share it with supporters.

Get in touch

Support our appeals

If you have any questions about supporting patient care via Raise, drop in and see us at the address above, call 07435 802862 or email westherts.raise@nhs.net. We look forward to hearing from you.

We run a series of appeals to raise funds for strategic developments in our hospitals. To see our latest please visit our website at raisewestherts.org. uk/appeals.

Thank you.

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8. Structure, governance and management

Legal structure

Members of the Corporate Trustee’s Board

Raise (West Hertfordshire Teaching Hospitals NHS Trust Charity) was established by a Declaration of Trust dated 12 December 1995 and its aim is to provide monies wholly or mainly for the services of the hospital trust. There are a number of subsidiary funds relating to the umbrella charity.

As at 31 March 2022 these were:

EXECUTIVE

Christine Allen (Chief Executive)

Professor Tracey Carter (Chief Nurse and Director of Infection Prevention and Control)

Corporate trustee representatives and their responsibilities

Don Richards (Chief Financial Officer)

The charity has a single corporate trustee, West Hertfordshire Teaching Hospitals NHS Trust. The NHS Trust Board, representing the corporate trustee, delegates responsibility to a Charity Committee. This committee meets at least four times a year and the Chair of the Committee reports to the NHS Trust Board, as corporate trustee, following each meeting.TheCharity Committee acts for the corporate trustee, and its purpose is to:

Michael van der Watt (Chief Medical Officer)

Helen Brown (Deputy Chief Executive)

NON-EXECUTIVE

Phil Townsend (Chairman)

Paul Cartwright (Non-Executive Director)

Jonathan Rennison (Senior Independent Director)

Virginia Edwards (Non-Executive Director)

Edwin Josephs (Non-Executive Director)

Natalie Edwards (Non-Executive Director)

9. Reference and administrative regulation

Senior charity staff Samantha Sherratt CEO

Registered charity number 1052210

Registered charity name West Hertfordshire Teaching Hospitals NHS Trust Charity

Internet

www.raisewestherts.org.uk westherts.raise@nhs.net

Social media

Operating names

facebook.com/raisewestherts twitter.com/raisewestherts instagram.com/raisewestherts linkedin.com/company/raise-west-herts

Raise Raise West Herts

Bank

Lloyds TSB 67 High Street Watford Herts WD17 2DU

Privacy and fundraising

We work hard to meet our responsibilities under the General Data Protection Regulations (GDPR). Our privacy notice is available on our website and explains what supporters and others can expect from us and how we collect and manage information about them. Any adverse matters relating to GPDR compliance are reported to the Charity Committee and to our regulators as required. There were no such matters to report this year.

Registered charity address Watford General Hospital Vicarage Road Watford Hertfordshire WD18 0HB

We are registered with the Fundraising Regulator to demonstrate our commitment to transparency. Our fundraising promise is published on our website and explains what supporters can expect from us, and what to do if they have any concerns.

Independent Auditor

Hillier Hopkins LLP Chartered Accountants & Statutory Auditor Radius House 51 Clarendon Road Watford Hertfordshire WD17 1HP

Investment managers

Rathbones Greenback Investments 8 Finsbury Circus London EC2M 7AZ

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10. Financial Review

Overview

Our total net assets as at 31 March 2022 were £1,265k; this represents a decrease in reserves of £149k (decrease of 11%) from 31 March 2021. Income has decreased from £1,170k to £529k (a decrease of 54%).

This included unrestricted donations and income from legacies and in memorial of £232k (previous year £495k). COVID-19 donations income were £17k (previous year £199k) and income from Trust and Foundations were £199k including COVID-19 grants of £132k (previous year £203k).

Income from other sources decreased by £50k in the year to £80k (previous year £130k).

Total expenditure has also decreased, from £766k to £705k (a decrease of 8%). The majority is due to charitable activities which remained high due to spending within both unrestricted and restricted reserves.

Investments

The valuation of the charity’s portfolio was £711k at 31 March 2022 (previous year £691k). This is an 2.8% increase in value and reflects the recovery effect of emerging from COVID-19 on world stock markets. Returns on investment are allocated on a pro rata basis to unrestricted (including designated) and restricted funds. The trustees continued to monitor the portfolio based on Rathbones’ advice as the COVID-19 pandemic affected stock markets around the world. In March 2022 Rathbones recommended that the investment strategy remain unchanged and planned to make strategic purchases of preferred equities in a more considered way. Subsequently, Rathbones have been cautiously re-investing funds in light of the possible measured reopening of economies and a possible bounce in markets, with a higher percentage of the portfolio in cash investments.

Debtors

Cash

As at 31 March 2022 the total cash balance was £835k (previous year £1,029k) due to the use of reserves for the projects planned in the previous year to improve patient outcome and staff development.

Creditors

The amount owed by Raise at 31 March 2022 was £394k which includes monies for completed projects and accruals for other projects, all due to the NHS Trust.

Reserves policy

The reserves currently stand at £1,265k (previous year £1,414k). At 31 March 2022 the valuation of the investment portfolio was £711k, with the balance of assets (£554k) being net current assets. The main element of the current assets make-up is cash (£835k). Note 10 of the accounts refers to the purposes of the material funds. Of the total fund balance at 31 March 2022 of £1,265k, there are 26 restricted funds with a value of £725k, with the rest of the funds (£540k) held in designated and unrestricted funds. The Corporate Trustee is committed to applying the income of the charity within a ‘reasonable time’ of receiving it. This policy applies to restricted and unrestricted (designated and undesignated) funds. The focus on timely expenditure of funds, together with the investment objective places a requirement on fund holders and fund managers to work with the charity to develop spending plans and forecasts for expenditure. The reserves policy has been considered and it has been agreed that reserves will be retained sufficient to fund six months of expenditure including a cash holding of 90 days expenditure at a minimum.

Investment policy

Our investment objectives are to maximise growth over the long term whilst protecting the real value of the funds and maintaining a reasonable level of income. The appointed investment managers have, at the discretion of the Corporate Trustee, unrestricted powers in accordance with the Charities Act 2011, with the exception that there will be no investment in companies that have a significant investment in tobacco or alcohol.

Rathbones Investment Managers Ltd have been the charity’s investment manager for the whole of the financial year ending 31 March 2022. They report quarterly to the Charity Committee regarding performance of the investment portfolio and outlook for the coming year. The report explains all investment movements i.e. purchases, sales and market movements, and all financial transactions are supported by contract notes. Rathbones charge a quarterly management fee which is 0.75% of the portfolio valuation and is deducted direct from the portfolio cash holding.

Risk management

The Charity Committee, on behalf of the Corporate Trustee, ensures that the charity meets its obligations for risk management as set out in the terms of reference. It has established a framework for risk identification and has examined the strategic and operational risks that the charity faces. The Charity Committee regularly reviews these risks and takes action to mitigate and monitor them. The investment strategy is constantly reviewed by the Charity Committee in line with the level of risk appetite agreed by the Corporate Trustee. A major review of the charity’s risk register and the risks it faces was undertaken.

Incoming resources

Total incoming resources for the year ending 31 March 2022 was £529k (previous year £1,170k) which included voluntary income of £510k and investment income of £19k. Voluntary income includes donations from other charitable organisations including trusts and grant-giving bodies, churches and schools, private companies, trust employees, community events and other individual donations from patients, their relatives and their friends. Investment income includes income from the investment portfolio managed by Rathbones Investment Management Ltd.

Resources expended

Total resources expended were £705k (previous year £766k). This was split between charitable activities (£634k) and activities for generating funds (£71k). Charitable activities include expenditure incurred by the charity in undertaking activities that further its charitable aims of improving patient and staff experience and wellbeing as seen in note 3.

Patient welfare expenditure increased to £94k (previous year £50k) and continued to include staff assistance, capital and medical equipment.

Staff welfare expenditure increased to £250k (previous year £94k) including the Star of Herts awards and staff training and equipment increased to £76k (previous year £49k).

Running costs increased to £60k (previous year £11k) due to spending on fundraising and staff costs increased to £158k from £99k with the introduction of new posts to support the charity.

Investment management fees were £8k (previous year £6k) being the fees charge by our investment managers, Rathbones Investment Managers Ltd, based on the value of the portfolio.

As at 31 March 2022 total debtors were £113k (previous year 17k). This mainly comprised monies due from the League of Friends of £90k.

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11. Independent auditor’s report

Independent Auditor’s Report to the Corporate Trustee of West Hertfordshire Hospitals NHS Trust Charity

Conclusions relating to going concern

Opinion

We have audited the financial statements of West Hertfordshire Hospitals NHS Trust Charity (the ‘charity’) for the year ended 31 March 2022 which comprise of Statement of Comprehensive Income, Statement of Financial Position, Statement of Cash Flows and notes to the financial statements, including significant accounting policies. 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).

In auditing the financial statements, we have concluded that the Corporate Trustee’s 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.

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

In our opinion the financial statements:

Other information

The other information comprises the information included in the Corporate Trustee’s annual report, other than the financial statements and our auditor’s report thereon. The Corporate Trustee is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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 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.

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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Corporate Trustee

As explained more fully in the Corporate Trustee’s responsibilities statement set out on page 16, the trustee is 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 trustee 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 Corporate Trustee is 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 Corporate Trustee either intend to liquidate the 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 regulations made under section 154 of that Act.

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.

Irregularities, including fraud, are instances of noncompliance 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 have nothing to report in this regard.

22 Report and Accounts 2022

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

We also obtained an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Charities Act 2011 and relevant tax legislation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www. frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standardsand-guidance/Standards-and-guidance-for-auditors/ Auditors-responsibilities-for-audit/Description-of-auditorsresponsibilities-for-audit.aspx. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s Corporate Trustee, 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 Corporate Trustee 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 Corporate Trustee as a body, for our audit work, for this report, or for the opinions we have formed.

Alexander Bottom ACA (Senior statutory auditor) for and on behalf of Hillier Hopkins LLP

Chartered Accountants Statutory Auditor Radius House 51 Clarendon Road Watford Hertfordshire WD17 1HP

DATE:

Hillier Hopkins LLP are eligible to act as an auditors in terms of section 1212 of the Companies Act 2006

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25

24

12. Financial statements

For the year 01 April 2021 to 31 March 2022.

Statement of the Corporate Trustee’s responsibilities

The Corporate Trustee is responsible for:

The Corporate Trustee is required under the Charities Act 2011 to prepare accounts for each financial year.

In preparing those accounts, the Corporate Trustee is required to:

The Corporate Trustee confirms that, as far as it is aware, there is no relevant audit information of which the Charity’s auditors are unaware and that it has taken all reasonable steps to ensure that this is the case.

The Corporate Trustee confirms that it has met the responsibilities set out above and complied with the requirements for preparing the accounts. These financial statements have been compiled from and are in accordance with the financial records maintained by the Corporate Trustee.

For and on behalf of the West Hertfordshire Hospitals NHS Trust

Statement of Comprehensive Income

Income and expenditure for the year 01 April 2021 to 31 March 2022

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2021-22 2021-22 2021-22 2020-21 2020-21 2020-21
Note Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
£000 £000 £000 £000 £000 £000
Income and endowments from:-
Donations and Legacies 2.1 67 443 510 158 994 1,152
Investment Income 2.3 19 - 19 16 2 18
Total Income and endowments 86 443 529 174 996 1,170
Expenditure on:-
Raising Funds 3 (31) (40) (71) (83) (1) (84)
Charitable Activities 3 (205) (429) (634) (290) (392) (682)
Total Expenditure (236) (469) (705) (373) (393) (766)
Gains/(losses) on Investment assets 4 26 1 27 79 0 79
Net Income/(Expenditure) (124) (25) (149) (120) 603 483
Gross transfer between funds 0 0 0 (22) 22 0
Net movement in funds 9a (124) (25) (149) (142) 625 483
Reconciliation of Funds:-
Fund balances brought forward 10 664 750 1,414 806 125 931
Fund balances carried forward 10 540 725 1,265 664 750 1,414
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Signed

DATE:

Phil Townsend Chair of Corporate Trustee

Report and Accounts 2022 27

Report and Accounts 2022

26

Statement of Financial Position

Statement of financial position at 31 March 2022

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2022 2022 2022 2021 2021 2021
Notes Unrestricted Restricted Total at 31 Unrestricted Restricted Total at
Funds Funds March Funds Funds 31 March
£000 £000 £000 £000 £000 £000
Fixed Assets
Investments 5 257 454 711 324 367 691
Total Fixed Assets 257 454 711 324 367 691
Current Assets
Debtors 6 23 90 113 8 9 17
Cash at bank 7 422 413 835 484 545 1,029
Total Current Assets 445 503 948 492 554 1,046
Creditors: Amounts falling due 8 (162) (232) (394) (152) (171) (323)
within one year
Net Current Assets/(Liabilities) 283 271 554 340 383 723
Total Net Assets 540 725 1,265 664 750 1,414
Funds of the Charity
Funds:
Restricted 10.1 0 725 725 0 750 750
Unrestricted 10.2 540 0 540 664 0 664
Total Funds 540 725 1,265 664 750 1,414
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Signed

Statement of Cash Flow

Cash flow for the year 01 April 2021 to 31 March 2022

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Total Funds Total Funds
Note 21/22 21/22 20/21 20/21
£ £ £ £
£000 £000 £000 £000
Cash flow from operating activities
Operating deficit before income from bank and investments 9a (141) 382
(Increase) in Debtors 6 (96) (2)
Increase in Creditors 8 71 300
Net Cash Generated from operating activities (166) 680
Cashflow from investing activities
(Purchase) and sale of investments 9b (47) 10
Investment income received 2.2 19 18
Net Cash Generated from investing activities (28) 28
Change in cash and cash equivalents in the reporting period (194) 708
Cash and cash equivalents at the beginning of the reporting period 1,029 321
Cash and cash equivalents at the end of the reporting period 7 835 1,029
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Phil Townsend Chair of Corporate Trustee DATE:

Report and Accounts 2022

28 Report and Accounts 2022

29

Notes to the Accounts

1. Accounting Concepts and Policies

1.1 Basis of preparation

The financial statements have been prepared in accordance with Charities SORP (FRS102) - Accounting and Reporting by Charities:Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

West Hertforshire Hospitals NHS Trust Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost of transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The Corporate Trustee is not aware of any going concern issues which may cast significant doubt about West Hertfordshire Hospitals NHS Trust’s ability to continue operating. Corporate Trustee has received assurances from the NHS Board that the services currently provided by the Trust will continue to be provided for the foreseeable future

1.3 Financial instruments

The Charity has opted to account for financial instruments in line with IAS 39. See notes 8(a) and 8(b) for further details.

Financial assets

Financial assets are recognised when the Charity becomes party to the financial instrument contract or in this case when the income is probable. Financial assets are derecognised when the contractual rights have expired or the asset has been transferred. Financial assets are initially recognised at fair value.

Financial liabilities

Financial liabilities are recognised on the statement of financial position when the Charity becomes party to the contractual provisions of the financial instrument. Financial liabilities are de-recognised when the liability has been paid or expired.

1.4a Income and endowments

All incoming resources are included in full in the Statement of Comprehensive income as soon as the following three factors can be met:

1.4b Boundary of recognition of income

Incoming resources reflected in these accounts reflect those resources which have satisfied the conditions applied to the boundary of recognition of income. This boundary has been established as the cashiers office of the Trust.

1.5 Expenditure

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. In the year 2021/22 all the expenditure approved by the Corporate Trustees has been accrued.

1.5a Raising funds

The cost of generating funds is the cost associated with generating income for the funds held on trust. This will include the costs associated with the investment manager’s fee, the Head of Charities salary and other fundraising costs.

1.5b Charitable activities

The cost of charitable activities comprise all costs incurred in the pursuit of the charitable objectives and include governance costs which are accounted for on an accruals basis as are recharges from West Hertfordshire Hospitals NHS Trust covering audit fees and accounting services. They are apportioned over all of the funds based on the average fund balance. Grants made by the League of Friends are now reported within charitable funds with effect from 1st October 2016.

1.5c Allocating costs by activity

1.11 Realised gains and losses

All administration costs being the other staff costs and audit fees will be apportioned to Raising Funds and Charitable Activities based on time spent on each activity.

All gains and losses are taken to the Statement of Comprehensive Income 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 & losses are calculated as the difference between market value at the year end and opening market value (or date of purchase if later).

1.6 Structure of funds

Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds which are not legally restricted and for which the Corporate Trustee has chosen to earmark for set purposes are classified as designated funds. The restricted funds are shown in note 10.1 with the major unrestricted funds in note 10.2. In the year the majority of designated funds were rationalised into the general fund.

1.12 Pooling scheme

An official pooling scheme is operated for investments relating to the funds of the West Hertfordshire Hospitals NHS Trust Common Investment Fund. This scheme was registered with the Charity Commission on 2nd March 2001.

1.13 Irrecoverable VAT

1.7 Fixed asset investments

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

Fixed asset Investments are shown at market value. Quoted stocks and shares are included in the statement of financial position at mid-market price, ex-dividend. Other fixed asset investments are included at the Corporate Trustee’s best estimate of market price.

1.14 Related party transactions

None of the trustees or members of the West Hertfordshire Hospitals NHS board or parties related to them has undertaken any transactions with, or received any benefits from the charity in payment or kind. The trustees received no honoraria or emoluments in the year.

1.8 Debtors

Debtors are amounts owed to the Charity. They are measured on their recoverable amount.

Creditors and accruals, see note 8b, include amounts owing to the West Hertfordshire Hospitals NHS Trust. Within this is a figure that relates to capital equipment items, categorised as such because the cost is in excess of £5,000. The figures are noted below;

1.9 Cash

Cash at bank and in hand is held to meet the day-to-day running costs of the charity as they fall due.

1.10 Creditors

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt, and recognised as soon as there is a legal or constructive obligation to make payment to a third party.

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Name of Related Party Relationship to charity Nature of transaction 2022/22 2020/21
£000 £000
West Herts Hospitals NHS Trust Corporate Trustee Contribution to the NHS 344 238
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30 Report and Accounts 2022

2. INCOME AND ENDOWMENTS

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2.1 Donations and Legacies
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2022 2022 2022 2021 2021 2021
£000 £000 £000 £000 £000 £000
A Donations, Grants and 51 399 450 140 513 653
Sponsorship (i)
B Legacies (ii) 1 6 7 0 477 477
C Other including events 15 38 53 18 4 22
(received via Just Giving/Virgin
fund pages)
Total 67 443 510 158 994 1,152
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(i) Includes large donations received for COVID-19 appeal iamounting to £150k (2021: £402K)

2.2
Investment Income		 2.2
Investment Income		 2.2
Investment Income
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
2022
2022
2022
2021
2021
2021
£000
£000
£000
£000
£000
£000
Rathbones -Dividends and
interest		 19
0
19		 16
2
18
NatWest bank Interest 0
0
0		 0
0
0
Total 19
0
19		 16
2
18

3. EXPENDITURE

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3 Expenditure
Charitable Raising Total Funds Charitable Raising Total Funds
activities Funds activities Funds
2022 2022 2022 2021 2021 2021
£000 £000 £000 £000 £000 £000
Furniture and fittings 0 0 0 63 0 63
Medical Equipment (8) 0 (8) 101 0 101
Capital Equipment 0 0 0 151 0 151
Patient welfare - See Note 3.1 (i) 94 0 94 50 0 50
Staff Welfare - See Note 3.1 (ii) 250 0 250 94 0 94
Staff training 0 0 0 6 0 6
Course expense and equipment 76 0 76 49 0 49
Computer equipment, branding & 5 0 5 37 0 37
fundraising software
Running Costs 2 58 60 11 2 13
Administration - See Note 3.1 (iii) 49 0 49 66 0 66
Audit - See Note 3.3 6 0 6 6 0 6
Consultancy costs 7 0 7 0 25 25
Staff costs - See Note 3.1 (iv) 145 13 158 43 56 99
Investment fees 8 0 8 5 1 6
Total 634 71 705 682 84 766
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3.1 Staff costs

There are no directly employed staff costs this year or in any previous years. However staff are employed by West Hertfordshire Hospitals NHS Trust and recharged to the Charity as detailed below:

a Youth Volunteer Team Manager of £3k (2020/21 £14k), a Womens’ and Children’s Volunteering Coordinator of £10k, a Patient Flow and Emergency Department Volunteering of £18K.

3.2 Trustees remuneration, benefits and expenses

None of the corporate trustees of the West Hertfordshire Hospitals NHS trust charity were paid any remuneration or expenses in return for their services.

3.3 Auditors remuneration

The external auditors remuneration related solely to audit with no additional work being undertaken. The actual cost for the current year is £6k (2021/22 £6k).

Report and Accounts 2022 33

32 Report and Accounts 2022

4. Gains/(Losses) on Investment Assets

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4 Gains/(Losses) on investment assets
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Funds Funds Funds Funds
2022 2022 2022 2021 2021 2021
£000 £000 £000 £000 £000 £000
Realised (losses)/gains 1 1 2 (3) 0 (3)
Unrealised gains 25 0 25 82 0 82
Total 26 1 27 79 0 79
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5. Investment Fixed Assets Portfolio

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5a Analysis of fixed asset Investments
Held in Total Total
the UK 2022 2021
£000 £000 £000
Market value at 31 March 2022
Investments listed on Stock Exchange 680 680 634
Cash held as part of the portfolio 31 31 57
Total 711 711 691
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5b
Analysis of Investment portfolio		 5b
Analysis of Investment portfolio		 5b
Analysis of Investment portfolio
Total
Total
2022
2021
£000
£000
Market value at 31 March 2021 691 618
Less: Disposals at carrying value (153) (156)
Add: Acquisitions at cost 174 114
Net (loss) gain on revaluation 25 82
Movement in Cash balance (26) 33
Market value at 31 March 2022 711 691
Historic cost at 31 March 2022 638 635

6. Debtors

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6 Debtors
Total Total
2022 2021
£000 £000
Amounts falling due within one year:
Debtors 108 17
Prepayments 5 0
Total debtors 113 17
Total debtors includes a funding pledge from the League of Friends of £90k (2020/21 £14k).
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7. Cash at Bank

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7 Cash at bank
Total Total
2022 2021
£000 £000
Lloyds Current Account 37 48
NatWest Bank Account 798 981
Total 835 1,029
8. Creditors
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8. Creditors
8 Creditors
Total Total
2022 2021
£000 £000
Amounts falling due within one year:
Creditors 132 36
Accruals 262 287
Total Creditors 394 323
Creditors in both 2021/22 and 2020/21 include amounts due to West Hertfordshire Hospitals NHS Trust.
8a. Financial Assets
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~~8a. Financial Assets~~ ~~8a. Financial Assets~~ ~~8a. Financial Assets~~
8a
Financial Assets
At fair value through
receits and aments
Receivables
Total
Total
p py
2022
2022
2022
2021
£000
£000
£000
£000
Investments 711
0
711
691
Debtors 0
113
113
17
Cash at bank and in hand 0
835
835
1,029
Total Financial assets 711
948
1,659
1,737
8b. Financial Liabilities
8b
Financial Liabilities
Payables
Total
Total
2022
2022
2021
£000
£000
£000
Creditors 132
132
36
Accruals 262
262
287
Total Financial liabilities 394
394
323
8b
Financial Liabilities
8b. Financial Liabilities		 Payables
2022
£000		 Total
Total
2022
2021
£000
£000
Creditors 132 132
36
Accruals 262 262
287
Total Financial liabilities 394 394
323

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35

34

9a. Reconciliation of net expenditure with deficit on cashflow

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9a Reconciliation of net expenditure with deficit on cashflow
2022 2021
£000 £000
Operating income /(deficit) on Statement of Operating Income (149) 483
Deduct:
Dividends and interest on investment portfolio (19) (18)
Bank interest 0 0
Net (loss) gain on revaluation 27 (82)
Per cashflow on operating activities (141) 382
9b. Analysis of cash movements
within the cashflow
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9b. Analysis of cash movements
within the cashfow		 9b. Analysis of cash movements
within the cashfow		 9b. Analysis of cash movements
within the cashfow
9b
Cashfow:Analysis of cash movements within the cashfow
2022
2021
£000
£000
Investingactivities
Saleproceeds from investments 153 157
Purchases of fxed assets investments (174) (114)
Movement in Cash balance (26) (33)
(47) 10

ANALYSIS OF FUNDS 10a. Restricted Funds

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10a Restricted Funds
Balance Incoming Resources * Transfers Gains and Balance
31 March Resources Expended Losses 31 March
2022 2022 2022 2022 2022 2022
£000 £000 £000 £000 £000 £000
Material funds
A Breast Cancer Appeal 31 0 (6) 0 0 25
B Horace Robinson Renal Unit 31 6 (7) 0 0 30
Ca League of Friends (HHGH) (Note i) 6 0 (1) 0 0 5
Cb League of Friends (Watford) 0 90 0 0 0 90
D W.G. Moore Legacy (Renal Dialysis) 8 0 (2) 0 0 6
E Helen Donald Nurse (Cancer) 1 0 (1) 0 0 0
F Youth Volunteering Development (Note ii) 49 0 (13) 0 0 36
G Paediatric Cystic Fibrosis 5 0 (1) 0 0 4
H Investment Gains / (Losses) (Note iii) (5) 0 0 0 1 (4)
I Medical and Surgical Equipment 452 75 (185) 0 0 342
J COVID19 116 150 (157) 0 0 109
K UK Neqas Unit Training & Education 7 0 (6) 0 0 1
L End of life Care Volunteering 13 1 (8) 0 0 6
M Volunteering (ED) 10 25 (21) 0 0 14
N WGH Elderly Patients 26 0 (7) 0 0 19
O Stars of Herts 0 44 (42) 0 0 2
P Interventional Radiology 0 17 (4) 0 0 13
Q Mortuary 0 5 (1) 0 0 4
R Starfish 0 21 (5) 0 0 16
S Small restricted funds 0 9 (2) 0 0 7
Total 749 443 (470) 0 1 725
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Notes Details of material funds - restricted funds Details of material funds - restricted funds Brief description of the nature
Name of fund and purpose of each fund
i) The League of Friends Hemel ceased
operations during 2018 and donated
funds to be spent for the beneft of
Hemel Hospital patients		 A
B
C
D		 Breast Cancer Appeal
Horace Robinson Renal Unit
League of Friends (HHGH)
W.G. Moore Legacy (Dialysis)		 Raising funds for Cancer care
Dialysis unit patient care and staf training
Funding for the local hospital
Renal Dialysis machines
ii) A grant was received from the Pears
Foundation to fund a specifc project		 E
F		 Helen Donald Nurse (Cancer)
Youth Volunteering Development		 Lung cancer patient care
Youth Volunteering Development
within the hospital G Paediatric Cystic Fibrosis Patient welfare
iii) Investment gains and losses are only
allocated to funds when the gain/loss
is realised. This fund balance relates to
unrealised losses attributable to the		 H
I
J
K		 Investment Losses
Medical and Surgical Equipment
COVID19
UK Neqas Unit Training & Education		 Investment movements
Equipment funding
COVID-19 response
Staf training
restricted funds. L End of life Care Volunteering Volunteering
M Volunteering (ED) Volunteering
* Funds are reclassifed from unrestricted
to restricted		 N
O
P		 WGH Elderly Patients
Stars of Herts
Interventional Radiology		 Elderly pateient care
Staf Recognition Awards
Scanner appeal
Q
R		 Mortuary
Starfsh		 Mortuary
Children's ward

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36

10b. Unrestricted Funds

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10b Unrestricted Funds
Balance Incoming Resources * Transfers Gains and Balance
31 March Resources Expended Losses 31 March
2021 2022 2022 2022 2022 2022
£000 £000 £000 £000 £000 £000
Material funds
A Haematology Patients 47 0 0 (47) 0 0
B West Herts General 3 86 (229) 596 0 456
C Clinical Biochemistry 39 0 0 (39) 0 0
D Gurney Bequest 27 0 0 (27) 0 0
E Metabolic (Diabetes) 29 0 0 (29) 0 0
F Neurology 34 0 (7) 0 0 27
G Staff wellbeing 7 0 0 (7) 0 0
H Colorectal Cancer 31 0 0 (31) 0 0
I S.C.B.U. 23 0 0 (23) 0 0
J Carers Support Team 14 0 0 (14) 0 0
K Paediatrics 29 0 0 (29) 0 0
L Patients Experience 7 0 0 (7) 0 0
M Diabetic Equipment 32 0 0 (32) 0 0
N Investment Gains (Losses) 31 0 0 0 26 57
(Note i)
O Staff reward and Development 6 0 0 (6) 0 0
P Others (116) 305 0 0 (305) 0 0
Total (131) 664 86 (236) 0 26 540
Details of material funds - unrestricted funds
During the year the unrestricted funds were rationalised into one general fund. Applications for funding are received
and reviewed by the charity on a case by case basis.
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West Hertfordshire Teaching Hospitals Charity

Sycamore House Watford General Hospital Watford WD18 0HB Tel: 07393 232313 Web: raisewestherts.org.uk Email: westherts.raise@nhs.net Instagram: @raisewestherts Twitter: @raisewestherts Facebook: @raisewestherts LinkedIn: @raise-west-herts

Registered charity no: 1052210 © Raise 2022