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2023-03-31-accounts

Royal Berkshire NHS Foundation Trust Charity Charity Number: 1052720

Annual Report and Financial Statements

For the Year Ended 31 March 2023

Royal Berkshire NHS Foundation Trust Charity

Annual Report and Financial Statements for the year ended 31 March 2023

Contents Page
About the Charity 3
Statement of Corporate Trustee responsibilities 5
Report of the Corporate Trustee 6
Annual Review 14
Financial Review 17
Investment Report 18
Independent auditor's report to the trustees of Royal Berkshire NHS Foundation Trust Charity
20
Statement of Financial Activities 24
Balance Sheet 25
Statement of Cash Flows 26
Notes to the Financial Statements 27
2021/22 Statement of Financial Activities 37
2021/22 Balance Sheet 38
Donations including Gift Aid Declaration 39

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Royal Berkshire NHS Foundation Trust Charity

About the Charity : who we are

The Royal Berkshire NHS Foundation Trust Charity has only one beneficiary, the Royal Berkshire NHS Foundation Trust (the Trust). In accordance with Charity Commission guidelines, the Charity has one main aim, which is to assist in providing additional support for the public’s benefit above that normally provided by the Royal Berkshire NHS Foundation Trust. The Charity contributes towards the Trust’s delivery of its five strategic objectives which are:

Purpose of the Charity : what we aim to do

The object of the charity as set out in our Trust Deeds are as follows:

The trustees shall hold the trust fund upon trust to apply the income and at their discretion, so far as may be permissible, the capital, for any charitable purpose or purposes relating to the National Health Service (hereinafter referred to as “the objects”)

Fulfiling our objects enables the Charity to:

The Corporate Trustee of the Charity has determined that it will support the Trust in achieving its aims and confirms that the donated charity monies will be put to good use, in line with the strategic plans of the Trust, but managed independently and appropriately as charitable funds.

The Corporate Trustee is aware that the vast majority of charity monies are donated: these monies have been donated by members of the public, patients and staff. The Corporate Trustee is grateful to the patients, the staff and the local community for their very generous donations and is keen to build upon the level of contributions currently received, so enabling the Charity to continue to improve the facilities for the benefit of the public.

The Charity has a very important and useful role to play in the success of the Trust. The Corporate Trustee is aware that the donations from the public must be used in accordance with the rules and regulations imposed on all charities by the Charity Commission and Charity law. The Corporate Trustee is also aware that the wishes of each donor must be recognised and upheld at all times.

In recognising this, the Corporate Trustee has incorporated a purpose for the Charity in line with the objectives:

Strategic objectives for the Charity

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Royal Berkshire NHS Foundation Trust Charity

How we organise our affairs : reference and administrative details

Full name of the Charity and Registration Number:

Royal Berkshire NHS Foundation Trust Charity Registration Number – 1052720

Corporate Trustee

The Royal Berkshire NHS Foundation Trust is the Corporate Trustee of the Charity since 1 June 2006 (formerly ‘The Royal Berkshire and Battle Hospitals NHS Trust’).

The Royal Berkshire NHS Foundation Trust Charity (and formerly the Royal Berkshire and Battle Hospitals Charity) is governed by the laws applicable to trusts, principally the Trustee Act 2000 and the laws applicable to charities which are governed by the Charities Act 2011 as amended by the Charities Act 2016; Charity (Accounts and Reports) regulations 2008; and Financial Reporting Standard 102 (FRS 102 - SORP 2019) for the year ending 31st March 2023.

The Principal Office of the Charity

Royal Berks Charity Royal Berkshire Hospital London Road Reading RG1 5AN

Telephone: 0118 322 8860

Bankers

Lloyds Bank PLC 24 Broad Street Reading RG1 2BT

Government Banking Service (RBS NATWEST) 2[nd] Floor 280 Bishopsgate London EC2M 4RB

Scottish Widows Bank 67 Morrison Street Edinburgh EH3 8YJ CCLA Investment Management Ltd 80 Cheapside Salisbury Square London EC2V 6DZ

Auditor

Deloitte LLP Statutory Auditor Abbots House Abbey Street Reading United Kingdom RG1 3BD

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Royal Berkshire NHS Foundation Trust Charity

CHARITY REGISTRATION NUMBER 1052720

Statement of Corporate Trustees responsibilities in respect of the Annual Report and the Financial Statements

The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 as amended by the Charities Act 2016, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Financial Statements and related notes set out on pages 24 to 38 attached have been compiled from and are in accordance with the financial records maintained by the Corporate Trustees. The Corporate Trustee has elected to prepare the Financial Statements in accordance with FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland.

By order of the Corporate Trustee

Nicky Lloyd Chief Finance Officer Royal Berkshire NHS Foundation Trust

29 November 2023

Steve McManus Chief Executive Officer Royal Berkshire NHS Foundation Trust

29 November 2023

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Royal Berkshire NHS Foundation Trust Charity

Report of the Corporate Trustee

The Charity’s Annual Report and Financial Statements for the year ended 31 March 2023 have been prepared by the Corporate Trustee in accordance with Charity Act 2011 as amended by the Charity Act 2016; Charity (Accounts and Reports) regulations 2008; and Financial Reporting Standard 102 (FRS 102 - SORP 2019). In preparing the Annual Report the Corporate Trustee has complied with the duty to include a report of those activities undertaken by the Charity to further its charitable purposes for the public benefit.

The Corporate Trustee presents the Charity’s Annual Report together with the Audited Financial Statements for the year ended 31st March 2023.

The Charity’s report and Financial Statements include all the separately established funds for which the Royal Berkshire NHS Foundation Trust is the sole beneficiary.

The Charity’s Corporate Trustee is ‘The Royal Berkshire NHS Foundation Trust’.

Charitable funds received by the Charity are accepted, held and administered as funds held on trust for purposes relating to the National Health Service in accordance with the National Health Service Act 1977 and the National Health Service and Community Act 1990. These funds are held on trust by the Corporate Trustee.

The Royal Berkshire NHS Foundation Trust Charity administers all charitable funds held on trust for ‘Royal Berkshire NHS Foundation Trust’.

The following disclosures for the Trustees reports have been disclosed in the “Annual Review” and “About Charity” section of the Annual Report:

  1. The address of the principal office for the charity and, in case of a charitable company, the address of its registred office (or principal place of business, if different from the registred office)

  2. The Charity aims including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities

  3. The Charity strategies for achieving its saved aims and objectives

  4. The Charity objectives against the objectives set

The Royal Berkshire NHS Foundation Trust is one of the largest general hospital foundation trust in the country and the main provider of acute and specialist care services for West Berkshire. The Trust also serves people in East Berkshire and bordering areas. We work with the NHS and social care partners to provide excellent healthcare services for those who live in our communities and beyond. We also provide specialist hospital services including cancer, cardiology and renal services. The Royal Berkshire Hospital employs more than 6,000 staff from 89 nationalies and delivers care from a network of facilities across sites in Bracknell, Henley-onThames, Reading (our main site), Thatcham and Windsor.

Constitution and Membership

The Royal Berkshire Hospital Trust Charitable Fund (Charity Registration Number 1052720) is governed by the Trust Deed which was approved by the Trustees. Under the terms of the deed the Charitable Fund is administered and managed by the Trustees, the members of the Royal Berkshire NHS Foundation Trust as a body corporate.

The Trustees derive their authority to act from the Trust deed of the NHS Trust Charitable Fund, approved by the Trustees.

The Corporate Trustee is the Board of Directors and they delegate operational accountability to the Charity Director, monitored by the Charity Committee. The Board of Directors of the Trust comprises both Executive (paid staff) and Non-Executive (appointed external) Directors. Non-Executive Directors (including the Chair of the Trust) are appointed to the Trust Board in accordance with provisions set out in the Trust Constitution and by the Council of Governors. Executive Directors are appointed to the NHS Board in accordance with NHS Trust recruitment procedures. The role of Board Directors is set out in the Board Charter of Expectations which is set on the Nolan Principles. All of our Board of Directors meet the standards of the ‘Fit and proper persons requirement’.

All Trustees are required to undertake an induction programme during which time they meet both the Chair of the Trust who is also the Chair of the Charity Trustee Board and the Chair of the Charity Committee. New

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Royal Berkshire NHS Foundation Trust Charity

Trustees are also directed to the website of the Royal Berkshire Charity and are kept abreast of Charity Committee and Charity Trustee Board Committee proceedings via formal reports to the Board of Directors meetings. All Trustees participate in an annual programme of Board Seminars, Board Development and other training programmes to develop knowledge and skills. Trust policy requires all Trustees to disclose all relevant interests and to withdraw from discussions or decisions where a conflict of interests arises.

The Committee is chaired by a Non-Executive Director of the Trust. Additional membership includes the Chief People Officer, Trust Secretary, Director of Finance, two public Governors nominated by the Council of Governors, a staff representative, a patient representative and the Charity Director.

Charity Committee Members

Those serving on the Charity Committee during the year were:

Dr Bal Bahia Non-Executive Director - Chair
Graham Sims Trust Chair
^ Steve McManus Chief Executive (Apr 2022 – Oct 2022)
^^ Dr.Janet Lippett Acting Chief Executive (Oct 2022 – 31 Mar 2023)
Michael Clements Director of Finance
Don Fairley Chief People Officer
Caroline Lynch Trust Secretary
Jo Warrior Charity Director
John Stannard Patient Representative
Jonathan Barker Public Governor
Adenike Omogbehin Staff Representative
Sunila Lobo Public Governor

Notes:

^ Steve McManus was seconded as Chief Executive for the Buckinghamshire, Oxfordshire and Berkshire Integrated Care Board (BOB ICB) from October 2022 – June 2023.

^^ Dr Janet Lippett was seconded as Acting Chief Executive from October 2022 – June 2023.

The quorum is four members including the Committee Chair, Chief People Officer, Charity Director and one other member.

External advisers may attend as necessary at the request of members. The Chief Executive and the Chair will attend two meetings annually.

The Trust Secretary (or their nominee) will act as a member and secretary to the Committee.

Frequency of meetings

The Committee meets at least four times a year. Note, the Charity Board meets twice per year and in each case the committee will meet one week before these. The Charity Director attends the Charity Board.

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Royal Berkshire NHS Foundation Trust Charity

Charity Committee Attendance

Charity Committee 20-Apr-22 25-Jul-22 19-Oct-22 23-Nov-22 18-Jan-23 16-Mar-23 No. meetings
attended /
Maximum no.
meetings
Bal Bahia √ Cancelled √ √ √ Cancelled 4/4
Jo Warrior √ √ √ √ 4/4
Don Fairley √ √ √ √ 4/4
^Graham Sims √ √ √ x 3/4
^Steve McManus x Not in post Not in post Not in post 0/1
^Janet Lippett Not in post x x √ 1/3
Jonathan Barker (Public Governor) x x √ √ 2/4
Sunila Lobo (Public Governor) Not in post √ √ √ 3/3
John Stannard (Patient Representative) x x √ x 1/4
Adenike Omogbehin (Staff Representative) √ √ x √ 3/4
Mike Clements √ √ √ √ 4/4
Caroline Lynch √ x x √ 2/4

Notes

Authority

The Trustees derive their authority to act from the Trust Deed of the NHS Trust Charitable Fund, approved by the Trustees.

Monitoring

The work of the Charity Committee will be kept under review by the Charity Board.

The Committee will conduct an annual review of its effectiveness with its terms of reference and submit any findings and proposals for changes to the Charity Board for consideration.

The Committee shall have the delegated authority to act on behalf of the Board of Directors in accordance with the Constitution of the Charity and the Standing Orders, Standing Financial Instructions of the Trust.

The minutes of Committee meetings will be formally recorded and submitted to the Board of Directors.

Committee Duties

The members of the Committee are responsible for the oversight and enquiry of the management of the Charitable Funds, through the Charity Director. They are required to:

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Royal Berkshire NHS Foundation Trust Charity

Accountability

The Corporate Trustee is accountable to the Charity Commission for the proper use of the charitable funds and to the public as a beneficiary of those funds.

The Trust Secretary will therefore ensure that the Charity Strategy 2021-2025 and Annual Report and Financial Statements are published on the Foundation Trust’s website.

The Chief Finance Officer will ensure that all necessary reports and returns are made to the Charity Commission on behalf of the Corporate Trustee.

Reporting

The minutes of Committee meetings will be formally recorded and submitted to the Charity Board and thus to The Board.

The Committee will review the terms of reference on an annual basis and report to the Board accordingly.

Directors of the Corporate Trustee

Name Designation
Graham Sims Trust Chair
Steve McManus Chief Executive (Apr 2022 – Oct 2022)
Janet Lippett Acting Chief Executive (Oct 2022 – Mar 2023)
Will Orr Acting Chief Medical Officer (Oct 2022 – Mar 2023)
Don Fairley Chief People Officer
Eamonn Sullivan Chief Nursing Officer
Nicky Lloyd Chief Finance Officer
Bal Bahia Non-Executive Director
Sue Hunt Non-Executive Director
Priya Hunt Non-Executive Director
Parveen Yaqoob Non-Executive Director
Helen Mackenzie Non-Executive Director
Peter Milhofer Non-Executive Director,
Senior Independent Director, April 2022 – current

The following were also Board Directors during the 2022-2023 financial year:

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Royal Berkshire NHS Foundation Trust Charity

Drawn from the private sector, the public sector and the National Health Service, Non-Executive Directors are appointed by the Council of Governors.

Posts Occupied by more than one person during the year:

Posts occupied by more than one person during the 2022 – 2023 financial year:

From To
Chief Executive Officer
Steve McManus 01 Apr 22 30 Oct 22
Janet Lippett 31 Oct 22 31 Mar 23

Structure, Governance and Management

The Charity was set up as an ‘umbrella charity’ for charitable funds held on Trust by the then Royal Berkshire and Battle Hospitals NHS Trust.

The Charity was created by a declaration of Trust made on 28 November 1995 by the then Royal Berkshire and Battle Hospitals NHS Trust with a cash donation of £10. The Charity was subsequently entered on the Central Register of Charities on 7 February 1996.

In March 1997, by virtue of section 96 of the Charities Act 1993, all charitable funds previously held on trust by the then Royal Berkshire and Battle Hospitals NHS Trust (comprising 17 special purpose charities) were brought within the Charity’s umbrella registration.

The Charity’s funds are made up of restricted, unrestricted and capital endowment funds:

Subsequent donations and gifts received by the Charity are added to those fund balances within the existing special purpose charities as unrestricted funds, but designated for specified areas. The charitable funds are managed within these specialities and sub-divided into further individual funds.

Where funds have been received which have specific binding restrictions set by the donor, new restricted funds have been established.

The Corporate Trustee fulfils its legal duty by ensuring that funds are spent in accordance with the objects of each fund thereby respecting the wishes of our donors.

During the year we have taken a focussed approach to amalgamate unrestricted funds where possible within speciality areas and in line with Charity Commission guidelines to enable a more flexible approach to spend. This has resulted in a reduction of the number of funds held from 175 to 150 (14.3%).

The day-to-day administration of funds is dealt with by the Charity Team and the Finance Department of Royal Berkshire NHS Foundation Trust. Fund Advisors comprising clinicians, business managers, ward sisters, departmental managers and other members of the Trust, together with the Charity Team have delegated responsibility to manage expenditure of funds.

Each Fund Advisor is provided with the Charitable Funds Guide detailing the rules, regulations and procedures regarding the management, receipt and disbursement of charitable funds. The purpose of this guide is to inform

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Royal Berkshire NHS Foundation Trust Charity

Fund Advisors of the overall framework under which donated funds are managed by the Trust, as Corporate Trustee, as well as the day-to-day procedures necessary to manage the funds for which they are responsible. Their responsibilities include providing detailed plans to the Charity Committee annually.

Regulations in the form of financial procedures are in place to provide assurance that funds are expended correctly. These are the procedures that have been agreed by the Charity Committee and form part of the Trust’s Standing Financial Instructions (SFIs). The Chief Executive and Directors of the Trust, as part of the Annual Report and Financial Statements process, are required to certify that the Trust has an appropriate system of financial control and that this has been in existence throughout the financial year.

The Finance Department of the Trust undertakes all accounting and reporting for the Charity.

Risk Management

It is recognised by the Corporate Trustee that it has a responsibility to review the major risks to which the Charity is exposed and establish systems to mitigate such risks. The following risks have been identified as the most significant:

The Corporate Trustee performed reviews of potential risk exposure during the financial year and considers that the controls in place are sufficient to mitigate major risks.

Risk management strategy

Key systems identified and implemented include:

The Corporate Trustee seeks ongoing assurance that the above key systems are established and that the risk areas identified above are being effectively managed.

Reserves Policy

The Trustee’s policy is that funds should be spent in a timely manner for public benefit, rather than retained for investment purposes.

On an ongoing basis the Charity seeks to maintain the equivalent of one year’s running costs in unrestricted available reserves to cover all known coperational commitments. During 2022-2023 this was £436k (2021-22 £366k).

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Royal Berkshire NHS Foundation Trust Charity

In addition the Charity holds funds which are designed to accumulate for a specific project and funds are therefore held until the project completes.

In February 2023 the Charity received a letter, which required no response, from the Charity Commission with regards to the level of reserves held. The letter noted that whilst the charity had a reserves policy, the level of reserves currently held was significantly above the target level with no explanation of what steps were being taken to reduce the amount held.

At the following Charity Committee the letter was discussed and it was suggested that the reserves figure was revised to represent current running costs and that more robust information on plans for charity spend are included in the Annual Report & Accounts.

These are reviewed each year, but for 2023-2024 the following are considered as reserved at 31st March:

 U128/RH40 Maternity bereavement suite appeal £65k
U359 Paediatric reclining chairs appeal £44k
U353 Paediatric playroom refurbishment £100k
U226/RH08 Cardiology expansion £450k
U327 Pleural procedures room £25k
U450 ICU waiting area refurbishment £35k
Multiple funds Ultrasound scanner for ENT £68k

The policy is reviewed on an annual basis.

As at March 2023 the Charity held fund reserves totaling £4,761k (2021/22 £5,715) of which £3,551k (2021/22 £3,987) are freely (unrestricted) available reserves.

Public benefit statement

The Charity confirms that the Corporate Trustee has complied with its duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising its powers or duties. Throughout this report, the Charity demonstrates how it acts for the public benefit.

Our fundraising practice

The Charity does not contract with any individual, group or company of professional fundraisers in pursuance of its fundraising activities and employs fundraising managers who oversee fundraising activity in line with regulations and guidelines as set by the Fundraising Regulator and the Chartered Institute of Fundraising. Royal Berkshire NHS Foundation Trust Charity is regulated by the Fundraising Regulator and actively seeks to comply with best practice standards. The Charity has not received any complaints in the reporting period with regards to its fundraising activities.

The Charity operates a fundraising policy whereby standards are laid out to protect vulnerable people and other members of the public. The policy has measures in place to protect those people from behaviours which are an unreasonable intrusion on their privacy, are unreasonably persistent or place undue pressure on a person to give money or other property.

Partnership working

The Royal Berkshire NHS Foundation Trust is the sole beneficiary of the Charity and is a related party by virtue of being Corporate Trustee of the Charity. By working in partnership with the Trust, the Corporate Trustee ensures charitable funds are used to best effect with reference to the main activities, objectives, strategies and plans of the Trust.

Volunteers

On behalf of the Trustee body, the Charity would like to pay tribute to the volunteers who give their time in support of our work.

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Royal Berkshire NHS Foundation Trust Charity

During 2022-2023 our volunteer base grew to 33 providing support in a variety of ways, including undertaking administrative tasks in the office, dispensing leaflets across the hospital sites and in the community, assisting at fundraising events, and managing the regular distribution and collection of charity collection tins placed in local shops.

We continue to actively recruit volunteers and greatly appreciate the support they provide.

The Charity does not account for the value of volunteer input within the financial statements.

Wider Networks

The Charity is one of over 400 NHS Charities in England and Wales who are eligible to join NHS Charities Together. As a member charity, we can discuss matters of common concern and exchange information and experiences, join together with others to lobby government departments, and to participate in conferences and seminars which offer support and education for our staff and members of the Charity Committee.

As a member of NHS Charities Together, we have also been very grateful to receive funds as part of their development grant scheme to further develop and strengthen the Charity team.

Our relationship with the wider community

The ability of the Charity to continue its vital support to the Trust is dependent on its capability to raise funds from the general public. It also continues to forge strong relationships with members of NHS staff whose cooperation is instrumental in helping the Charity to continue its support. In February 2023 we launched our Charity Champions initiative, with 35 members of staff signing up to the voluntary role to help raise awareness of and drive support for the Charity across all sites. Recruitment to these roles has continued to grow in subsequent months.

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Royal Berkshire NHS Foundation Trust Charity

Annual Review 2022-2023: highlights from the activities undertaken in the year

Our key aim is to serve the NHS patients of Royal Berkshire NHS Foundation Trust for the public benefit. By funding equipment, refurbishment works and staff training we help the Trust to provide care to their patients which goes beyond that funded central NHS funding.

Fundraising

The start of 2022-2023 was an unsettled period for fundraising as things returned to business as usual. However, the Charity remained focussed on building new and expanding current income streams. This included:

Focussing on these specific areas has enabled the charity to:

Expenditure

Expenditure on charitable activities for 2022-2023 totalled £2,111k an increase of £478k on 2021-2022. This was across all of our programme areas, which include:

We deliver these through a range of programmes funded by our supporters and grant giving organisations. Highlights from a number of our projects undertaken in the year are detailed below to give you a deeper understanding of the positive difference we make together to the care and experiences of the local communities that we serve.

Buying the most up-to-date equipment

Donations are often used to provide new equipment that enhances the care that patients receive. For example during 2022-2023:

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Royal Berkshire NHS Foundation Trust Charity

Supporting rebuilding and refurbishment projects

Staff welfare remains a key focus for the Trust, particularly after recent events like the Covid-19 pandemic and other external factors that have created additional pressures such as the wider economic climate.

Providing better facilities and care for patients and visitors

Patient welfare is at the heart of all that we do and we are committed to improving facilities and the hospital environment for both patients and the staff who care for them. In 2022-2023 this included:

Improve staff wellbeing and training for the benefit of patient care

Ensuring staff are well trained and supported benefits the quality of care they can provide. During 2022-2023 we supported:

Funding was also granted for a variety of lower-value projects which provided significant impact on patient experience and care, and staff welfare. Examples include:

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Royal Berkshire NHS Foundation Trust Charity

unnecessary attempts that can cause pain and bruising.

Income

The following figures are taken from the financial statements, which can be found on pages 21 to 35.

£1,641k of income was received for 2022-2023, which was slightly higher than in 2021-2022 (£1,557k).

During the year, £1,199k (2021/22 £737k) was raised through donations and fundraising, thanks to the amazing support the Charity continues to receive from its local communities and through the fundraising events the Charity hosted. Included in last year’s donations of £758k was £21k gift aid donation, which now have a separate income account code during the year. This show of gratitude is a tribute to all staff across the Trust for their commitment and dedication to providing the best possible care for their patients.

Legacy income was £355k (2021-2022 £793k) which was lower to last year’s by £438k. Over the past six years, legacy income has ranged from £116k to £891k which demonstrates the unpredictability of this income stream.

A large number of gifts-in-kind were also received through the charity for staff from our corporate partners and grateful members of the public who were keen to show their support to the local NHS in other ways. The value of these gifts is not included in our income reporting.

Plans for the future

The Corporate Trustee has agreed a strategy for the Charity which is designed to ensure the Charity is able to continue to contribute towards achieving the Trust’s Strategic Vision. The Corporate Trustee is aware and thankful to the patients and staff who contribute so generously to the Charity but is keen to build the level of income currently received.

Over the coming year the Charity will be working to diversify its income streams to help future-proof income; we will be researching the introduction of a lottery and/or raffle, developing an investment strategy, and exploring opportunities to increase income from grant giving organisations.

We will also be continuing with our systematic programme of work to amalgamate and therefore reduce the number of funds held by a further 25%, bringing the total number of funds from 150 to 112, including restricted funds where possible. Amalgamating funds will allow them to be used more flexibly to provide even greater benefit to patients and staff.

Following the completion of the Staff Health and Wellbeing Centre Appeal this year, the project to transform the large 2,400sqm garden is underway, and The Oasis Wellbeing Garden Appeal to raise £300k to support the transformation has been launched.

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Royal Berkshire NHS Foundation Trust Charity

When finished the garden will offer access to nature, therapeutic outdoor activities, locally-grown food, and space to encourage physical activity and healthy lifestyles. It also aims to foster community cohesion and reduce social isolation through promoting green wellbeing, with schools and community groups having access to the garden as a wellbeing hub and educational resource.

Research is predicting that 2023-2024 is likely to be a challenging year due to the financial pressure caused by the cost of living crisis, with a fall in donor giving as donors become more selective over what causes they support.

Engagement and stewardship will be key to maintaining and building relationships, and our fully engaged and enthusiastic Charity team is commited to helping reach our full potential despite the predicted challenges.

Financial Review

During this financial year the Charity has continued to support the Trust in a wide variety of charitable activities benefiting patients, staff and the general public. The Corporate Trustee ambition for the Charity to continue to fully contribute to the activities of the sole beneficiary whilst acting independently continues in accordance with Charity Law and Charity Commission guidelines.

Statement of Financial Activities

Income

This year donation income of £1,093k (2021/22 £758k) which includes gift aid income of £41k (2021/22 £21k) has increased by £335k compared to 2021/22. Legacy income this year £355k (2021/22 £793k) has decreased by £438k as compared to prior year.

This year a new income code for the Gift Aid was created, thereby having gift aid as a separate line item in the statement of financial activities. The total gift aid in the year of £41k (2021/22 £21k) was received and £147k (2021/22 nil) from foundraising activities was received.

Income from other trading activities amounted to £8k. The activity increased by £6k compared to 2021/22 (2021/22 £2k).

In the financial year 2022/23, the Charity received a total income of £1,641k (2021/22 £1,557k) and £38k (2021/22 £2k) of investment income, being £84k increase on the previous year.

Expenditure

The total expenditure on charitable activities for the Charity was as follows:

----- Start of picture text -----
Unrestricted Restricted Endowment 2022/23 2021/22
Funds Funds Funds Total Total
£000 £000 £000 £000 £000
Purchase of Medical equipment 504 44 - 548 261
Staff welfare and Education 157 8 - 165 238
Additional equipment, furniture and fittings 208 9 - 217 717
Research related expenditure & IT equipment 56 16 - 72 138
Building and refurbishment 769 322 - 1,091 184
Patient welfare and amenities 14 4 - 18 95
Trading activity - - - - -
Total 1,708 403 - 2,111 1,633
----- End of picture text -----

Balance Sheet

The net assets of the Charity as at 31 March 2023 were £4,761k (2021/22: £5,715k). Overall, net assets have decreased by £954k.

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Royal Berkshire NHS Foundation Trust Charity

Investment Policy and Objectives

The Investment policy of the Charity states that the Charity Committee is responsible for:

Investment Report for the year ended 31 March 2023

The Charity’s Treasury Policy is to maintain a risk-averse approach to funding, whilst taking social, environmental and ethical issues into consideration, recognising the requirements to have funds in place to cover committed spending plans whilst maintaining an operating reserve of £300k.

The charity currently has a holding of 955 units managed on behalf of the Charity by CCLA Investment Management Ltd in relation to an Endowment Fund that states that the investment must be retained as equity. It is in a unitised fund which is a pooled investment vehicle.

----- Start of picture text -----
Value 31/03/22 Value 31/03/21
Fund Holding £000 £000
CCLA COIF Fund 955 income units 18 18
Total 18 18
----- End of picture text -----

Plans for the future

The Corporate Trustee has agreed a strategy for the Charity which is designed to ensure that the Charity is able to contribute towards achieving the Trust’s Strategic Vision. The Corporate Trustee is aware and thankful to the patients and staff who contribute so generously to The Charity but are keen to build upon the level of contributions currently received. The strategy and supporting income generation and action plan sets out the way forward for the Charity for the period April 2021 to March 2025.

The Corporate Trustee is acutely aware that all monies of the Charity are donated. These monies have been donated by members of the public both patients and staff. The Corporate Trustee is grateful to the patients and staff of the hospital and the local community for their very generous donations and ensures that all funds of the Charity are put to good use in accordance with donors’ wishes.

The Royal Berkshire NHS Foundation Trust Charity through the community is seeking to increase support for patient care, improve staff well-being and help the Trust achieve its vision of ‘Building Berkshire Together: Delivering Outstanding Care for Our Communities’. The delivery and enhancement of patient care is one of the key objectives of the Charity. The Charity in partnership with the Trust intends to ensure that it provides the best facilities for patients, their relatives and our staff with the aim of enhancing care above and beyond the NHS Standard.

The combined charity funds will continue to be used for the benefit of patients and improving patient care across all the Royal Berkshire NHS Foundation Trust’s teams across Reading and other sites, including the Windsor Dialysis Unit, Townlands Memorial Hospital, West Berkshire Community Hospital, Prince Charles Eye Unit, Bracknell Healthspace and Dingley Child Development Centre.

Programmes for the future

The world of medicine is constantly changing and bringing new technologies and new procedures. Our aspirations are high for our patients.

The Charity Committee will reassess the opportunities open to the Charity, independently and appropriately as charitable monies, in line with the objectives and strategy of the sole beneficiary. The Corporate Trustee believes that the Charity plays a valuable role within the Trust and current efforts to ensure awareness and promotion of its activities should result in a substantial increase in levels of income and grant expenditure in future years.

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Royal Berkshire NHS Foundation Trust Charity

Going Concern

The Corporate Trustee has a reasonable expectation that the Royal Berkshire Charity has adequate resources and on-going fund raising activities to continue in operational existence for the foreseeable future, and in particular for a period at least twelve months from the date of these financial statements. For this reason, they continue to adopt the going concern basis in preparing the Financial Statements.

Appeal

The Corporate Trustee would like to take this opportunity to appeal for your continued support. Buying specialist equipment can be expensive and as a result of your donations, the Corporate Trustee can endeavour to improve diagnosis, treatment and care of our patients at the hospital. Ways on how to make donations can be found on page 36.

Corporate donations are very welcome. Through employee and corporate donation schemes, substantial differences can be made to the work at the Trust. Donations help buy necessary equipment and necessary redevelopment work can be carried out. As well as making a big difference to us, working to support your local hospital can bring real benefits to your business. More information on our corporate partnerships can be found on our website here.

A thank you to all of our donors and contributors

Donations are important for the Charity and its beneficiaries: being patients, their families and staff. It is not just big gifts that matter - every donation counts.

On behalf of the Corporate Trustee, the patients, families and staff of the Trust, we would like to thank everyone who has made a donation to the Charity and ask that you please continue to support us in the future.

By order of the Corporate Trustee

Nicky Lloyd Chief Finance Officer Royal Berkshire NHS Foundation Trust

29 November 2023

Steve McManus Chief Executive Officer Royal Berkshire NHS Foundation Trust

29 November 2023

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Royal Berkshire NHS Foundation Trust Charity

Independent auditor’s report to the trustees of Royal Berkshire NHS Foundation Trust Charity

Report on the audit of the financial statements

Opinion

We have audited the financial statements which comprise:

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.

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[1] , 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.

1 The term used to describe the annual report should be the same as that used by the trustees.

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Royal Berkshire NHS Foundation Trust Charity

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 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.

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 frameworks that the charity operates in, and identified the key laws and regulations that:

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Royal Berkshire NHS Foundation Trust Charity

We discussed among the audit engagement team including relevant internal specialists such as valuations specialists 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 areas, and our specific 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.

In addition to the above, our procedures to respond to the risks identified included the following:

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.

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Royal Berkshire NHS Foundation Trust Charity

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.

Deloitte LLP Statutory Auditor St Albans, United Kingdom 29 November 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.

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Royal Berkshire NHS Foundation Trust Charity

Statement of Financial Activities for the year ended 31 March 2023

----- Start of picture text -----
Total Total
Unrestricted Restricted Endowment
Funds Funds
Funds Funds Funds
2022/23 2021/22
Notes £000 £000 £000 £000 £000
Income and endowments from:
Donations 1,050 2 - 1,052 737
Gift Aid 41 - - 41 21
Legacies 355 - - 355 793
Fundraising 145 2 - 147 -
Other trading activities 8 - - 8 2
Other Income - - - - 2
Income from investments 4 35 3 - 38 2
Total incoming resources 1,634 7 - 1,641 1,557
Expenditure on:
Raising funds 5 (352) (77) - (429) (358)
Governance costs – Audit fee 6a (10) - - (10) (8)
Charitable activities:
-
Purchase of medical equipment (504) (44) (548) (261)
Staff education and welfare (157) (8) - (165) (238)
Purchase of additional equipment,furniture and -
(208) (9) (217) (717)
fittings
Research related expenditure including -
(56) (16) (72) (138)
purchase of medical and IT equipment
-
Building and refurbishment (769) (322) (1,091) (184)
Patient welfare and amenities (14) (4) - (18) (95)
Total expenditure (2,070) (480) - (2,550) (1,999)
Net gains on investment assets 8 - - - - 1
Net expenditure (436) (473) - (909) (441)
Net losses on revaluation 7 - (45) - (45) (25)
Net movement in funds (436) (518) - (954) (466)
Reconciliation of Funds
Total funds brought forward 1st Apr 2022 14 3,987 1,690 38 5,715 6,181
Net movement in funds (436) (518) - (954) (466)
Total funds balances carried forward 3,551 1,172 38 4,761 5,715
----- End of picture text -----

Comparative information relating to 2021/22 for the separate classes of funds is provided in note 18.

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Royal Berkshire NHS Foundation Trust Charity

Balance Sheet as at 31 March 2023

**Notes ** Unrestricted **Restricted ** Endowment Total
Funds		 Prior year
funds
Fixed Assets
Investment property
7
Investments
8
Total fixed assets
Current Assets
Debtors
9
Cash at bank and in hand
10
Total current assets
Current Liabilities:
Creditors: Amounts falling due within one year
11
Net current assets
Total assets less current ciabilities
Total net assets
The Funds of the Charity		 Funds
£'000
-
18		 Funds
£'000
355
-
355
-
817
817
-
817
1,172
1,172		 Funds
£'000
-
-
-
-
38
38
-
38
38
38		 31-Mar-23
£'000
355
18		 31-Mar-22
£'000
400
18
18 373 418
374
3,913		 374
4,768		 350
6,175
4,287 5,142 6,525
(754) (754) (1,228)
3,533 4,388 5,297
3,551 4,761 5,715
3,551 4,761 5,715
Restricted Income Fund
13a
Unrestricted Income Fund
13b		 -
3,551		 1,172
-		 -
-		 1,172
3,551		 1,690
3,987
Endowment Funds
13c		 - - 38 38 38
Total charityfunds 3,551 1,172 38 4,761 5,715

Comparative information relating to 2021/22 for the separate classes of funds is provided in note 19 shown on page 38.

The notes on pages 27 to 38 form part of these financial statements.

Approved by the trustees and signed on their behalf by:

Nicky Lloyd Chief Finance Officer Royal Berkshire NHS Foundation Trust

29 November 2023

Steve McManus Chief Executive Officer Royal Berkshire NHS Foundation Trust

29 November 2023

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Royal Berkshire NHS Foundation Trust Charity

Statement of Cash Flows as at 31 March 2023

Note
Cash flows from operating activities:
Net cash (used in) / provided by operating activities
17
Cash flows from investing activities:
Interest received
Income from investments
Net cash provided by investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting
period
Cash and cash equivalents at the end of the reporting period		 Total
Total
2022/23
2021/22
£000
£000
(1,445)
67
-
1
38
2
38
3
(1,407)
70
6,175
6,105
4,768
6,175

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Royal Berkshire NHS Foundation Trust Charity

Notes to the Financial Statements

The following accounting policies have been consistently applied in dealing with items which considered material in relation to the Charities Financial Statements.

1. Accounting policies and definitions

a) Basis of preparation

The Financial Statements have been prepared under the historic cost convention, with the exception of investments, which are included at market value. The Financial Statements have been prepared by the Corporate Trustee in accordance with Charity Act 2011 as amended by the Charity Act 2016; Charity (Accounts and Reports) regulation 2008; and Financial Reporting Standard 102 (FRS 102 - SORP 2019). In preparing the Annual Report the Corporate Trustee has complied with the duty to include a report of those activities undertaken by the Charity to further its charitable purposes for the public benefit.

The financial statements have been prepared on the historical cost basis, except for the revaluation of investment properties that are measured at fair value at the end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for the goods and services.

The accounts have been prepared on the going concern basis, which assumes the Charity will continue for the foreseeable future. The Corporate Trustee believe that there are no material uncertainties that can call in to doubt the Charities ability to continue in operation.

Royal Berkshire NHS Foundation Trust Charity is a subsidiary of Royal Berkshire NHS Foundation Trust, the intermediate parent. The consolidated Financial Statements of Royal Berkshire NHS Foundation Trust, within which the Charity is included, can be obtained from London Road, Reading, RG1 5AN or online at www.royalberkshire.nhs.uk.

The consolidated Financial Statements of the intermediate parent Royal Berkshire NHS Foundation Trust are also consolidated into the ultimate parent the Department of Health and Social Care (DHSC).

b) Funds Structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. The restriction may apply to the use of income or capital or both. Where the restriction requires the gift to be invested to produce income but the Corporate Trustee has the power to spend the capital, it is classed as expendable endowment.

Permanent endowment funds are funds where the donor has expressly provided that only the income of the fund may be applied for a specific or non-specific purpose but where the capital is held to generate income and where the Corporate Trustee has no discretion to expend the capital.

The Charity has two permanent endowment funds

Unrestricted funds comprise those funds which the Corporate Trustee is free to use for any purpose in the furtherance of the charitable objects. Income generated from assets held in the unrestricted funds is unrestricted income. Unrestricted funds include designated funds (earmarked), where the donor has made known their nonbinding wishes or where the Corporate Trustee, at its discretion, has created a fund for a specific purpose, often reflecting the wishes of the donors and which are at the Corporate Trustee discretion.

The major funds held in each of these categories are disclosed in note 13 on page 34.

c) Incoming resources

All incoming resources; donated goods, facilities and services must be recognised as income by the charity when the following criteria are met:

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Royal Berkshire NHS Foundation Trust Charity

Donated goods must be measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s).

Where there is no direct evidence of fair value for an equivalent item, a value may be derived from:

d) Incoming resources from legacies

Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable or more likely than not to be received; this will be once confirmation has been received from the representatives of the estate that payment of the legacy will be made once all conditions attached to the legacy have been fulfilled. Note 9 on page 30 shows more details of this.

Material legacies, which have been notified but not recognised as incoming resources in the Statement of Financial Activities due to uncertainty over the amount and timing of expected receipt are not included in the year-end Financial Statements but are disclosed in a separate note to the Financial Statements with an estimate of the amount receivable. Refer to note 9 on page 30.

e) Resources expended

Expenditure is recognised when a liability is incurred. Expenditure is recognised only when the payment is made or when the goods or services have been supplied and a liability has been established.

Grants are made only to the sole beneficiary of the Charity, ‘The Royal Berkshire NHS Foundation Trust’ and in furtherance of the charitable objects of the Charity. A liability for such grants is recognised only when there is a legal or constructive obligation committing the Charity to the expenditure.

f) Irrecoverable VAT

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

g) Income tax

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

h) Allocation of support costs

Support costs have been allocated between charitable activities for the year in proportion to total spend and are included in the statement of financial activities and shown separately in note 5 on page 28.

i) Costs of generating funds

The costs of generating funds include the salaries of Charity fundraising staff, associated operating cost and investment fund management fees.

j) Charitable activities

All charitable activities are solely for the benefit of the beneficiary NHS Trust ‘The Royal Berkshire NHS Foundation Trust’ and the Corporate Trustee operates a scheme of delegation, through which all activity is managed. ‘Fund Advisors’ are responsible for the funds and its expenditure in accordance with the rules and regulations set out by the Corporate Trustee in charity and NHS Trust financial procedures and financial instructions. The Charity does not make grants to individuals. The total cost is disclosed in the activity analysis

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Royal Berkshire NHS Foundation Trust Charity

on the face of the Statement of Financial Activities. The grants received by the beneficiaries of each category of charitable activity are disclosed on page 14.

k) Governance costs

Governance costs comprise all costs attributable to ensuring the public accountability of the Charity and its compliance with regulation. These costs relate to statutory audit. Refer to note 6 on page 29.

l) Investment properties

Investment properties for which fair value can be measured reliably on an ongoing basis are measured at fair value annually with any change recognised in the Statement of Financial Activities.

The fair values are based on valuations estimated by third party professional values; however, where properties are acquired close to the balance sheet date, valuations are not obtained because the acquired properties are recorded at open market value upon initial recognition, which management considers to be a reasonable estimate of open market value at the balance sheet date. Property transactions are recognised on the date of completion.

Investment properties are derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on de-recognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognised.

Melrose House is an investment property which was revalued in March 2023. The fair value for the year ending 31 March 2023 is £355k.

The property Melrose House is rented currently exclusively to Royal Berkshire NHS Foundation Trust to support the delivery of diabetes healthcare services. In continuation of the existing agreement between Royal Berkshire NHS Foundation Trust and RDHC, the charity has charged a reduced rent of £1.20 (£1 plus VAT) for the year. The property has been classified as an investment property as is held in the longer term for returns from rentals or capital appreciation.

m) Fixed asset investments

Investments are stated at market value as at the balance sheet date. The Charity investment advisors supply the valuation for the investment. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

n) Current Debtors

Debtors include amounts owed to the charity for the provision of goods and services and amounts the charity has paid in advance in the form of prepayments, for the goods and services it will receive. Also included are amounts not invoiced but accrued. Debtors are measured on the basis of their recoverable amount.

o) Current asset investments

Short term investments are classified as current asset investments. Short term investments represent cash funds held in two separate investment deposit accounts (Government Banking Service and Scottish Widows 90 day) and are held at fair value. Scottish Widows 90 day funds are accessible in 90 days on demand and Government Banking Service as and when needed thus considered short term investments only.

The Scottish Widows 90 day funds and amounts held in with the Government Banking Service were previously classified as short term investments as these were originally held pending reinvestment in other investment classes. However, it has subsequently been decided that these funds will not be reinvested in other investment classes, and that therefore they form part of the cash base of the charity. As the funds are accessible within 90 days, they have been reclassified in the current year into cash and cash equivalents. For more information, see Note 10.

p) Current Liabilities

All the Charity costs incurred within the Royal Berkshire NHS Foundation Trust are fully rechargeable to the Charity therefore the Charity liabilities are payable to the intermediate entity, Royal Berkshire NHS Foundation Trust.

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Royal Berkshire NHS Foundation Trust Charity

q) Financial Instruments

The charity accounts for basic financial instruments namely financial assets and financial liabilities. A financial asset represents financial resources available to the charity and examples include financial investments in shares or bonds, debtors and cash. A financial liability is a financial claim on the charity’s resources and examples include loans, creditors and legal or constructive obligations, including provisions for grants payable.

r) Realised and unrealised 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 book cost. Unrealised gains and losses are calculated as the difference between the market value at the year-end and opening market value (or market value at purchase date if later).

s) Staff costs

The Charity does not directly employ any staff. However, the Royal Berkshire NHS Foundation Trust undertakes all administration, accounting, financial reporting and fundraising support. The Trust charges for this service.

t) Pension costs

The Charity does not directly employ any staff and consequently has no pension costs. Staffs employed on the scheme are part of Royal Berkshire NHS Foundation Trust as a result there is no separate pension scheme for the charitable funds.

u) Post Balance Sheet Events (PBSE)

There were no adjusting or non-adjusting events subsequent to the balance sheet date.

v) Critical accounting judgements and sources of estimation uncertainty

In the application of the Charity’s accounting policies, which are described in note 1 above, the Corporate Trustees are required to make judgements, estimates and assumptions that have a significant impact on the amounts recognised and to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and any other factors that are considered to be relevant. Actual results may differ from these estimates.

Valuation of investment properties

During March 2023 an investment property valuation was undertaken for the building owned by the Charity. As part of this exercise, it was necessary for Gerald Eve LLP, an independent firm of professional Valuers, to assess the current market environment in relation to the value of the buildings and associated land, and come up with an estimate value of these land/building assets based on his assessment.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

2. Related party transactions

The Royal Berkshire NHS Foundation Trust is the sole beneficiary of the Charity. During the year none of the members of the Charity Committee or member of the key management staff or parties related to them has undertaken any material transaction with the Charity.

The Charity provided funding to the Trust for approved expenditure only.

The funding amounted to £2,111k (2021/22 £1,633k) and is included in the total grant making costs as detailed on page 17. The creditor balance outstanding to the Royal Berkshire NHS Foundation Trust as at 31 March 2023 was £754k (2021/22 £1,228k).

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Royal Berkshire NHS Foundation Trust Charity

The Charity has made payments to the Royal Berkshire NHS Foundation Trust where the members of the Charity Committee (whose names are listed below) were also members of the Board of Directors of the Trust, except for the Public Governor, the Patient Representative, Staff Representative, Director of Finance, Director of Communications and Engagement, Director of System Partnerships and Charity Director .

Dr Bal Bahia Non-Executive Director - Chair
Graham Sims Trust Chair
^ Steve McManus Chief Executive (April 2022 – October 2022)
^^Dr. Janet Lippett Acting Chief Executive (Oct 2022 – 31 Mar 2023)
Michael Clements Director of Finance
Mr. Don Fairley Chief People Officer
Caroline Lynch Trust Secretary
Jo Warrior Charity Director
John Stannard Patient Representative
Jonathan Barker Public Governor
Adenike Omogbehin Staff Representative
Sunila Lobo Public Governor

Notes:

^ Steve McManus was seconded as Chief Executive for the Buckinghamshire, Oxfordshire and Berkshire Integrated Care Board (BOB ICB) from October 2022 – June 2023.

^^ Dr Janet Lippett was seconded as Acting Chief Executive from October 2022 – June 2023.

3. Corporate Trustee remuneration

None of the members of the Trust Board or senior Trust staff or parties related to them were beneficiaries of the Charity during 2022/23 or 2021/22.

The Corporate Trustee has not received honoraria, emoluments or expenses in the year in respect of the Charity. The Corporate Trustee has purchased Trustee indemnity insurance.

4. Investment Income

----- Start of picture text -----
Held Held 2022/23 2021/22
in UK outside UK Total Total
£000 £000 £000 £000
Income from investment 38 - 38 2
Total 38 - 38 2
----- End of picture text -----

5. Support services – staff charges

5. Support services – staff charges
Finance support pay cost
Charity pay cost
Charity non-pay cost
Total staff support related charges		 2022/23
£000
40
328
61
429		 2021/22
£000
40
247
71
358

Total staff salaries was £368k (2021/22: £287k) and £61k for non-pay (2021/22; £71k). The pay cost charge includes staff time equating to 6.5 whole time equivalents (2021/22: 6.5 WTE).

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Royal Berkshire NHS Foundation Trust Charity

6a) Governance costs

----- Start of picture text -----
Total Total
2022/23 2021/22
Funds Funds
£000 £000
Audit Fee - auditing of financial statements 10 8
Total 10 8
----- End of picture text -----

6b) Apportionment of finance administration costs for the year

The total support costs incurred during the year 2022/23 was £40k (2021/22 £40k). These costs were apportioned, based on the total in year expenditure by charitable activity, across the Charitable Activities as follows and are distributed across unrestricted and restricted funds.

Charitable Activities Unrestricted
Funds
£000		 Restricted
Funds
£000		 Total
Funds
2022/23
£000		 Total
Funds
2021/22
£000
Purchase of Medical Equipment
Staff Education & welfare
Additional equipment, furniture & fittings
Building & Refurbishment		 4
2
3
23		 2
-
1
5		 6

2
4
28		 3
6
28
3
Total 32 8 40 40

7. Investment properties

7.
Investment properties
FY 2022/23 Investment Property
Melrose House
Land
£000		 Investment Property
Melrose House
Buildings
£000		 Investment
Property Total
£000
Fair value
Fair value at 1 April 2022
(Loss) on revaluation
Fair value at 31 March 2023		 220
220
(20)
200		 180
180
(25)
155		 400
400
(45)
355
FY 2021/22 Investment Property
Melrose House
Land
£000		 Investment Property
Melrose House
Buildings
£000		 Investment
Property Total
£000
Fair value
Fair value at 1 April 2021
(Loss) on revaluation
At 31 March 2022		 220
220
-
220		 205
205
(25)
180		 425
425
(25)
400

The fair value of the Charity’s investment property at 31 March 2023 has been arrived at on the basis of a valuation carried out at that date by Gerald Eve LLP, independent RICS Registered valuers not connected with the Charity.

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Royal Berkshire NHS Foundation Trust Charity

8. Analysis of fixed asset investments

8.
Analysis of fixed asset investments
Fixed Asset Investments:
Market value at 1 April		 2022/23
£000
18		 2021/22
£000
17
Net unrealised loss on investment (COIF) - 1
Market value at 31 March 18 18

Historical cost at 31 March 2023 was £18k (31 March 2022 £18k)

Market value at 31 March
Pooled investment vehicle		 Held
in UK
£000
18
18		 Held
outside UK
£000
-
-		 2022/23
Total
£000
18
18		 2021/22
Total
£000
18
18

9. Debtors falling due within one year

Accrued income Balance 31
March 2023
£000
374
374		 Balance 31
March 2022
£000
350

350

Accrued income in the year consists of 10 legacies amounting to £370k (2021/22 £348k) notified and due, but not yet received and also consist of £4k Gift Aid (2021/22 £2k).

10. Cash and cash equivalents

Cash at bank and in hand
Amounts on deposit with Government Banking Service
Scottish Widows 90 day notice account
Commercial banks		 Balance 31
March 2023
£000
3,083
-
1,685
4,768		 Balance 31
March 2022
£000
1,452
1,598
3,125
6,175
Cash and cash equivalents 4,768 6,175

Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. Highly liquid investments normally have a maturity of three months or less from the date of acquisition.

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Royal Berkshire NHS Foundation Trust Charity

11. Creditors: amounts falling due within one year

Accruals
Other creditors		 Balance 31
March 2023
£000
687
67
754		 Balance 31
March 2022
£000
389
839

1,228

The accruals amounting to £687k (2021/22 £389k) are in respect of Goods Received Not Invoiced (GRNI) accruals of £577k, support services of £100k and statutory audit fees of £10k (2021/22 £8k). These amounts are owed to group undertakings, Royal Berkshire Hospital NHS Foundation Trust.

In the prior year, creditors relating to accruals and other creditors were all owed to group undertakings, Royal Berkshire Hospital NHS Foundation Trust.

These amounts are unsecured, interest free and have no fixed date of repayment.

12. Financial Instruments

12.
Financial Instruments
Balance 31
March 2023		 Balance 31
March 2022
Financial Assets
Fixed asset investments
Trade and other debtors
Cash and cash equivalents		 £000
18
374
4,768
5,160		 £000
18
350
6,175
6,543

----- Start of picture text -----
Balance 31 Balance 31
March 2023 March 2022
Financial Liabilities £000 £000
Trade and other creditors 754 1,228
754 1,228
----- End of picture text -----

All the Charity’s financial assets and liabilities, with the exception of cash held in UK banks, carry a nil or fixed rate of interest. The Trust is not, therefore, exposed to significant interest rate risks. No financial instruments are measured at fair value through the profit and loss.

The vast majority of charity monies are donated: these monies have been donated by members of the public, patients and staff. There is, therefore an inherent element of liquidity risk if donations fall significantly below current levels.

The majority of the financial contracts entered into by the Charity are with the Royal Berkshire NHS Foundation Trust, the intermediate parent of the Charity, which significantly reduces the risk of non-payment.

The Trust knows of no other specific risks relating to individual instruments.

13. Analysis of funds

This analysis is for each of the 17 special purpose charities;

Page 34 of 40

Royal Berkshire NHS Foundation Trust Charity

13(a) Details of restricted funds

Balance 01
April 2022
£000
Sue Godfrey Memorial
12
MG Harding
33
RDHC-R. O. A. P. Fund 106
RDHC-Cardiac Fund 448
RDHC-Eye Fund 89
RDHC-Kidney Fund 44		 Balance 01
April 2022
£000
Sue Godfrey Memorial
12
MG Harding
33
RDHC-R. O. A. P. Fund 106
RDHC-Cardiac Fund 448
RDHC-Eye Fund 89
RDHC-Kidney Fund 44		 Incoming
Resources
£000
-
-
-
-
-
-		 Investment
Income
£000
-
-
-
2
-
-		 Resources
Expended
£000
-
-
(19)
(52)
(8)
(4)		 Unrealised
gain/ (losses)
on investment
property
£000

-

-
-
-
-
-		 Balance 31
March
2023
£000
12
33
87
398
81
40
RDHC-Leukaemia Fund 38
RDHC-Research and Development Innovation Fund 16
RDHC-S. A. F. E. Appeal 13
RDHC-Stillbirth Fund 16
RDHC-Newbury Breast Care Fund 14
RDHC-Paediatric Audiology Fund 13
RDHC-Diabetes Centre Appeal 17
RDHC-Buggy Fund 5
RDHC-Children's Fund 16
RDHC-Reading Robot Appeal 11
RDHC-RBH Medical Retina Fund 15
RDHC-Stork's Fund 12
RDHC- Melrose House
399
RDHC-Others
65		 -
-
-
2
-
-
-
-
1
-
-
1
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
1		 (3)
(16)
(1)
(2)
(13)
(6)
(2)
(2)
(3)
(1)
(2)
(7)
-
(31)		 -
-
-
-
-
-
-
-
-
-
-
-

(45)
-		 35
-
12
16
1
7
15
3
14
10
13
6
354
35
CH COIF Grant 308 - - (308) - -
Total 1,690 4 3 (480) (45) 1,172

13(b) Details of unrestricted funds

Balance Balance
Incoming
Resources
Investment
01 April
2022		 31
March
2023
Resources
Expended
Income
£000 £000
£000
£000
£000
Royal Berks General fund 1,171 581
(413)
27
1,366
Audiology 28 2
(4)
-
26
Surgical 130 25
(28)
-
127
Diabetic 40 -
(3)
-
37
Renal 275 20
(58)
1
238
Gastroenterology
Cardiology
Chest
Cancer care
General Medical
Child Medicine
Maternity & Gynaecology
Pathology
Intensive Care
Prince Charles Eye casualty fund
Prince Charles Consultants
Umbrella
COVID-19
Knowledge & Development		 20
376
28
761
153
177
35
16
127
7
22
213
283
125		 -
(12)
-
8
196
(85)
2
489
8
(7)
-
29
75
(450)
2
388
47
(37)
1
164
78
(108)
1
148
59
(13)
-
81
1
(2)
-
15
19
(79)
-
67
-
(1)
-
6
1
(2)
-
21
53
(47)
1
220
378
(661)
-
-
-
(60)
-
65
Unallocated donation / legacy income - 56
-
56
Total 3,987 1,599
(2,070)
35
3,551

Page 35 of 40

Royal Berkshire NHS Foundation Trust Charity

13(c) Details of endowment funds

This consists of two funds both in the names of MG Harding for the total value of £38k (2021/22; £38k). There has been no movement on the Endowment Fund balances as these funds are held as an investment and the interest income are distributed to all the funds.

14. Changes in resources available for Charity

Funds as at 1st April 2022
Net movement in funds for the year		 Unrestricted
Funds
£000
3,987
(436)		 Restricted
Funds
£000
1,690
(518)		 Endowment
Funds
£000
38
-		 Total
Funds
£000
5,715
(954)
Funds as at 31 March 2023 3,551 1,172 38 4,761

15. Commitments, liabilities and provisions

The Charity had no commitments at 31 March 2023 (31 March 2022 - nil).

16. Contingencies

The Charity has no contingencies (2021/22 nil).

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

Net expenditure for the reporting period from operating
activities
Adjustments for:
Interest from investments
(Increase) in debtors
(Decrease)/Increase in creditors
Unrealised/realised losses on investments
Net cash (used in)/generated by operating activities		 Total
Total
2022/23
2021/22
£000
£000
(954)
(466)
(38)
(4)
(24)
(176)
(474)
688
45
25
(1,445)
67

Page 36 of 40

Royal Berkshire NHS Foundation Trust Charity

18. Prior Year Statement of Financial Activities

Income and endowments from:
Donations
Legacies
Other trading activities
Other Income
Income from charitable activities
Income from investments
Total incoming resources
Expenditure on:
Raising funds
Governance costs – Audit fee
Total expenditure on raising funds
Expenditure on Charitable activities incl support
costs:
Purchase of medical equipment
Staff education and welfare
Purchase of additional equipment,furniture and
fittings		 Unrestricted
Funds
£000
745
781
2
2
1,530
1
1,531
(262)
(8)
(270)

(161)
(236)
(700)		 Restricted
Funds
£000
13
12
-
-
25
1
26
(96)
-
(96)
(100)
(2)
(17)		 Endowment
Funds
£000
-
0
-
-
-
-
1,557
-
-
-
-
-
-		 Total
2021/22
£000
758
793
2
2
1,555
2
1,557
(358)
(8)
(366)
(261)
(238)
(717)
Research related expenditure including purchase of
medical and IT equipment		 (29) (109) - (138)
Building and refurbishment
Patient welfare and amenities
Total expenditure on charitable activities
Gains on investment assets
Total expenditure
Net expenditure for the year
Unrealised gain on investment property
Net movement in funds
Reconciliation of Funds
Total funds brought forward 1st Apr 2020
Net movement in funds
Total funds balances carried forward		 (165)
(95)
(1,386)
-
(1,656)
(125)
-
(125)
4,112
(125)		 (19)
-
(247)
1
(342)
(316)
(25)
(341)
2,031
(341)		 -
-
-
-
-
-
-
-
38
-		 (184)
(95)
(1,633)
1
(441)
(25)
(466)
6,181
(466)
3,987 1,690 38 5,715

Page 37 of 40

Royal Berkshire NHS Foundation Trust Charity

19. Prior Year Balance Sheet

Fixed Assets
Investment property
Investments
Total Fixed Assets
Current Assets
Debtors
Cash at bank and in hand
Total Current Assets
Current Liabilities:
Creditors falling due within one year
Net Current Assets
Total Assets less Current Liabilities
Total Net Assets
The Funds of the Charity
Restricted Income Fund
Unrestricted Income Fund
Endowment Funds
Total Charity Funds		 Unrestricted
Funds
£'000
-
18
18
350
4,847
5,197
(1,228)
3,969
3,987
3,987
-
3,987
-
3,987		 Restricted Endowment
Funds
Funds
£'000
£'000
400
-
-
-
400
-
-
-
1,290
38
1,290
38
-
-
1,290
38
1,690
38
1,690
38
1,690
-
-
-
-
38
1,690
38		 Total at 31
Mar 2022
£'000
400
18
418
350
6,175
6,525
(1,228)
5,297
5,715
5,715
1,690
3,987
38
5,715

Page 38 of 40

Royal Berkshire NHS Foundation Trust Charity

Donations including Gift Aid Declaration

Royal Berkshire NHS Foundation Trust Charity (1052720)

The Charity supports the Royal Berkshire NHS Foundation Trust, which is one of the largest district general hospitals in the country. Voluntary donations from the public are very much welcomed in order to complement the services the Trust provides to patients.

Any donation is appreciated to assist in providing support to the Trust’s patients and staff. We would like to remind all donors of the Gift Aid arrangement with HMRC whereby the Government donates to the Charity as well.

A ‘Gift Aided’ donation will be increased by 25% (Basic rate taxpayers) meaning more money goes to helping the Hospital. Please complete the “Gift Aid Declaration” form on page 37 if wishing to utilise the Gift Aid donation facility.

Donating is easy and can be done a number of ways:

Royal Berks Charity Royal Berkshire Hospital London Road Reading RG1 5AN

Page 39 of 40

Royal Berkshire NHS Foundation Trust Charity

Gift Aid Declaration

Are you a UK taxpayer? If so, you can use Gift Aid to make your donations go further by completing this declaration. Doing so will mean that we can claim up to 25p extra for every £1 you give, at no additional cost to you! There is absolutely no obligation to make further donations but should you decide to do so we will be able to claim Gift Aid on these donations as well.

Declaration

Please treat all donations I make or have made to The Royal Berks Charity for the past 4 years as Gift Aid donations until further notice. I am a UK taxpayer and understand that if I pay less Income Tax and/or Capital Gains Tax in the current tax year (6 April to 5 April) than the amount of Gift Aid claimed on all my donations across all charities, it is my responsibility to pay any difference.

Signed: ______ Date of declaration:

Your details

Title First name Surname*

Home address*

Postcode*

Email

Phone

*These details are required to make a valid Gift Aid claim

Small but important print

Gift Aid is reclaimed by the charity from the tax you pay for the current tax year (6 April to 5 April). You can cancel this Declaration at any time by notifying the charity. Your home address is needed to identify you as a current UK taxpayer.

Please notify our charity if you:

When completed, please return to:

Please return

The Royal Berks Charity FREEPOST RSKX-HGXC-CTKJ Royal Berkshire Hospital London Road Reading Berkshire RG1 5AN

Page 40 of 40