rbci Royal Berks Charity supportlng your local hospltal Royal Berkshire NHS Foundation Trust Charity Charity Number: 1052720 Annual Report and Financial Statements For the Year Ended 31 March 2024 Ralslng furKIs Improving health Enhanclng lives Royal Berkshire NHS Foundation Trust Charity Annual Report and Financial Statements for the year ended 31 March 2024 Contents Page About the Charity Statement of Corporate Trustee responsibilities Report of the Corporate Trustee Annual Review 14 Financial Review 17 Investment Report 17 Independent auditor's report to the trustees of Royal Berkshire NHS Foundation Trust Charity 19 Statement of Financial Activities 23 Balance Sheet Statement of Cash Flows 25 Notes to the Financial Statements 26 2022123 Statement of Financial Activities 36 2022123 Balance Sheet 37 Donations including Gift Aid Declaration 38 Page 2 of 39 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- Providing the highest quality care for all Investing in our people and living out our values Delivering in partnership Cultivating innovation and improvement Achieving long-term sustainability 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 lo the National Health Service (hereinafter referred to as Yhe objects.) Fulfiling our objects enables the Charty to.. play a key role in the development of first class healthcare for the communities served by the Royal Berkshire NHS Foundation Trust. support health improvements by the Royal Berkshire NHS Foundation Trust which enable people to live healthier lives. respond to particular health needs in ways that will reflect local and national health policy. 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 majortty of charty monies are donated.. these monies have been donated by members of the public, local businesses. patients and staff. The Corporate Trustee is grateful to the patients, the stsff and the local community for their very generous donations and is keen to build upon the level of contributions Gurrently re￿ived, so enabling the Charity to continue to improve the facilities for the benefrt 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 To raise the profile of the Charity with a view to encouraging fundraising and giving. To raise awareness of the Charity's charitable activities and the public benefits arising from this. To deliver the Charity strategy 2021- 2025, maximising opportunity to build income that provides a prudent mix of donations and sustainable resources which seek to achieve an appropriate balance be￿een unrestricted income and project related funding. To identify a programme of significant modernisation and investment projects to be funded by major appeals which must be to the public's benefit. To assist the Trust in service improvements, innovation and development. To ensure that the Charity is run efficiently and effectively, taking full account of the principles and practice of good governance. Page 3 of 39 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 Charty since 1 June 2006 (formerly 'The Royal Berkshire and Battle Hospitals NHS Trust.). The Royal Berkshire NHS Foundation Trust Charity (and formerty 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 2024. The Principal Office of the Charity Royal Berks Charity Royal Berkshire Hospitsl London Road Reading RG1 SAN Telephone: 0118 322 8860 Bankers Lloyds Bank PLC 24 Broad Street Reading RG12BT Govemment Banking Service (RBS NATWEST) 2nd Floor 280 Bishopsgate London EC2M 4RB CCLA Investment Management Ltd 80 Cheapside Salisbury Square London EC2V 6DZ Auditor Deloitte LLP ststutory Auditor Abbots House Abbey Street Reading United Kingdom RG13BD Page 4 of 39 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 ststements in accordance with applicable law and United Kingdom Accounting Standards (Untted 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 gtve 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 ststements, the trustees are required to.. select suitable accounting policies and then apply them consistently-, observe the methods and principles in the SORP (Charities Statement of Recommended Practice); make judgments and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed,. and prepare the financial statements on thegoing concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records that disclose wtth reasonable accuracy at any time the financial position of the charty 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 he￿￿ 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 26 to 37 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 wtth FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland. By order of the Corporate Trustee AoyLL Nicky Lloyd Chief Finance Officer Royal Berkshire NHS Foundation Trust 16 De￿mber 2024 Steve Mcmanus Chief Executive Officer Royal Berkshire NHS Foundation Trust 16 Decerthr 2024 Page 5 of 39 Royal Berkshire NHS Foundation Trust Charity Report of the Corporate Trustee The Charty's Annual Report and Financial Statements for the year ended 31 March 2024 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 2024. The Charity's report and Financial Statements include all the Separate￿ 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 Charty 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 'AnntJal Review" and °About the 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 registered office (or principal place of business, if different from the registered office) 2. The Charity's aim5 including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activtties 3. The Charity's strategy for achieving its aims and objectives The Royal Berkshi￿ NHS Foundation Trust is one of the largest general hospital foundation trusts in the country and the main provider of acute and specialist Gare 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 NHS Foundation Trust employs more than 6,000 staff from 104 nationalies and delivers care from a network of facilities across seven sites in Bracknell, Henley-on-Thames, Reading, Thatcham and Windsor. Constitution and Membership The Royal Berkshire NHS Foundation Trust Charity (Charity Registration Number 1052720) is governed by the Trust Deed which was approved by the Trustees. Under the terms of the deed the Charity 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 accountabilty to the Charity Director, monitored by the Charity Commtttee. The Board of Directors of the Trust comprises both Executive (paid staffj and Non-Exe¢utive (appointed e￿ternally) 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 Govemors. Executive Directors are appointed to the NHS Board in accordance with NHS Trust recruttment procedures. The role of Board Directors is sel 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 Trustees are also directed to the website of the Royal Berks Charity and are kept abreast of Charity Committee and Charity Trustee Board Committee proceedings via formal reports to the Board of Directors meetings. All Page 6 of 39 Royal Berkshire NHS Foundation Trust Charrty 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, 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 yearwere.. Dr Bal Bahia Graham Sims Steve Mcmanus Dr.Janet Lippett Michael Clements Don Fairley Caroline Lynch Jo Warrior John Stannard Jonathan Barker Adenike Omogbehin Sunila Lobo Non-Executive Dire¢tor- Chair Trust Chair Chief Executive Acting Chief Executive Director of Finance Chief People Officer Trust Secretary Chartty Director Patient Representative Public Govemor Stsff Representative Public Governor The quorum is four members including the Committee Chair, Chief People Offi￿r, 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 meetings annually. The Trust Secretary (or their nominee> will act as a member and seGretary to the Commtttee. Frequency of meetings The Committee meets at least four times a year. Note, the Charity Board meets ￿l¢e per year. The Charity Director attends the Charity Board. Page 7 of 39 Royal Berkshire NHS Foundation Trust Charity Charity Committee Attendance Charity Committee 19-Apr-23 7-S¢p23 2241ov-24 17-Jan-24 14-M#r-24 o Meetin85 Attended 515 515 Bal Bahia Don Fairtev Graharn Sims lo Warrior Mike Clements Caroline Lynch Jonathan Barker- Govemor Sunila Lobo- Governor Adenike Omogbehin- Staff Representative John Stannard- Patient Representative Steve Mcmanus 515 315 415 415 515 415 215 Notes A Chair of Trust and Chief Executive are required to attend meetings annually. 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 is kept under review by the Charity Board. The Committee shall have the delegated authority to act on behalf of the Board of Directors in accordan￿ with the Constitution of the Charity and the Standing Orders, Standing Financial Instructions of the Trust. The minutes of Committee meetings will be fomally 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: a) satisfy themselves that best practice is followed in terms of guidance from the Charity Commission, National Audit Offi￿, Department of Health and Social Care, and other relevant organisations; b) ensure that the appropriate policies and procedures are in place to support the Charttable Funds Strategy and to advise Fund Managers on income and expend¢ture and that this is reviewed at regular intervals., c) develop the Foundation Trust's Charitable Funds Strategy and on an annual basis recommend changes to the Charity Board where appropriate. d) obtain assuran￿ that a separate register of interests is compiled for both Trustees and Fund Managers, and that this is reviewed and updated on a regular basis,. e) approve fundraising policies that comply with statutory requirements in conjunction with the Charity Board and CFO. on an annual basis, review and recommend income and expenditure plans, compiled from Fund Managers, detailed plans, ensuring that they complement the strategy. g) seek assurance that an effective mechanism exists whereby equipment needs are identÉfied and satisfied, within resour￿ constraints. through an equitable bidding process underpinned by business plans. Page 8 of 39 Royal Berkshire NHS Foundation Trust Charity h) receive assurance that all research monies paid into charitable funds meet the criteria for charitable status as specified by the Charf(y Commission., i) review the number of funds on an annual basis and undertake a programme of rationalisation, where appropriate- j) keep the equrvalent of one yearfs running costs in reseNes. 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 ensure that the Charity Annual Report and Financial Statements are published on the Foundation Trust's website. The Chief Finan￿ 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 Commtttee meetings will be fonnally 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 as at 31 March 2024 Name Designation Trust Chair Graham Sims Steve Mcmanus Chief Executive Janet Lippett Chief Medical Officer Don Fairley Chief People Officer Dom Hardy Chief Operating Officer Katie PriGhard-Thomas Chief Nursing Officer Nicky Lloyd Chief Finance Officer Bal Bahia Non-Executive Director Mike O'Donovan Non-Executive Director Mike McEnaney Priya Hunt PaNeen Yaqoob Helen Mackenzie Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director The following were also Board Directors during the 2023-2024 financial year: Sue Hunt, Non-Executive Director (01 April 2023 - 31 October 2023) Peter Milhofer, Non-Executive Director (01 April 2023 - September 2023) Eamonn Sullivan, Chief Nursing Officer (01 April 2023- 10 Sept 2023) Ms. Hannah Spencer.. Acting Chief Nursing Officer (11 Sept 2023- 01 Oct 2023), Interim Dr. Will Orr: Acting Chief Medical Officer (01 Apr 2023 - 2 July 2023). Interim Page 9 of 39 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 ¢ursng the year From To Chief Executive Officer Janet Li ett Steve Mcmanus 01A r23 03 Jul 23 02 Jul 23 31 Mar 24 Chief Medical Officer Will Orr Janet Li 01A r23 03 Jul 23 02 Jul 23 31 Mar 24 ett Chief Nursin Officer Eamonn Sullivan Hannah S encer Katie Prichard-Thomas 01A r23 11 Se t23 02 Oct 23 10Se t23 01 Oct 23 31 Mar 24 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. During 2023 a detailed review was undertaken by the charity on the validity of the special purpose charities. Following recommendation, the Board of Trustees approved the dissolution of the 17 special purpose charities. The Charity has notified the Charity Commission to formalise the revised structure, for which correspondence is still ongoing. The Charity's funds are made up of restricted, unrestricted and capital endowment funds: Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by the donor- the Charity's restricted funds were established using the Charity Commission's model declaration of trust, these included the 17 special purpose charities held on trust at the date of registration. Unrestricted ftjnds comprise those funds which the Corporate Trustee is free to use for any purpose in the furtherance of the charitable objects, including those which have been designated for use in a particular area,. and Permanent endowment fvnds are funds where the donor has expressed 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 spend the capital. 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 sub4ivided into further individual funds. Where funds have been received which have specific binding restrictions set by the donor, new restricted funds have been established. Page 10 of 39 Royal Berkshire NHS Foundation Trust Charity 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 yearwe have maintained our 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 to 147. This work will continue over the coming year. Inline with legal advice, a detailed review of restricted funds also took place to determine the nature of the restriction, and whether any funds with no legal restrictions could be reclassified as unrestricted, where appropriate and in accordance with Charity Commission Guidelines. Following this review, the Board of Trustees approved the unrestriction and amalagamation of 25 restricted funds into larger funding pots to facilitate spending. Nine restricted funds remain. As required by the Charity Commission, details of the actions taken wil be made to them during 2024. 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 mana9ers, 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 Chan-table 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 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 pla￿ to provide assurants that funds are expended correctly. These are the procedures that have been agreed by the Charity Commtttee 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, a￿ required to ￿rtify that the Trust has an appropriate system of financial control and that this has been in existence throughout the financial year. The Finan￿ 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 Corporate Trustee performed reviews of any potential risk exposure during the financial year and considers that the controls in place are sufficient to mitigate these. Risk management strategy Key systems include.. Risk management policies and prO￿￿reS At all Charity Committee meetings financial reports are presented along with reports from the Charity Director giving detsils of future events and campaigns including areas of concem in relation to resources'available to the Charity An effective mechanism exists whereby needs are identified and satisfied within resource constraints through a bidding process. All equipment purchased by the Charity is recorded in a register Robust processes are in place for the approved spending of funds The use of funds is regularly reviewed to ensure these policies are followed, and funds are spent in - accordance with the objects of the Charity and in compliance with the established rules and regulations including set authorisation limtts as per the Chan-table Funds Guide, ensuring that no official order is placed until all appropriate approvals have been obtained The use of funds is regularly reviewed to ensure that both spending and firm financial commitments remain in line with income and fund balances Page 11 of 39 Royal Berkshire NHS Foundation Trust Charity Investments are regularly reviewed by management to mitigate any possible losses that could arise therefrom. Thé Corpordte Trustee seeks ongoing assuran￿ that the above key systems are established and that anyrisk areas identified 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 equrvalent of one yearfs running costs in unrestricted available reserves to cover all known operational Commitments. During 2023-2024 this was £436k (2022-23 £436k). In addition the Charrty holds funds which are designed to accumulate for a specific project and funds are therefore held until the project completes. These are reviewed each year and for 2023-2024 the following are considered as reserved at 31 st March.. U2261RH08 U353 • U061 • U571 U571 U571 U571 U572 Cardiology expansion £400k Paediatric playroom refurbishment £100k PSA level monttoring system £72k Medical equipment commitments £95k Meet Peet Health Inequalities project £94k staff restaurant refurbishment £100k Staff Wellbeing Garden completion £250k Knowledge & Development Fund £200k The policy is reviewed on an annual basis. As at March 2024 the Charity held fund ￿serveS totaling £4,338k (2022123: £4,761k) of which £3,403k (2022123= £3,551 k) are held as both unrestricted and designated funds. 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 Charty does not contract with any individual, group or company of professional fundraisers in pursuan 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 paty by virtue of being Corporate Trustee of the CharFty. By working in partnership with the Trust, the Corporate Trustee Page 12of39 Royal Berkshire NHS Foundation Trust Charity 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. During 2023-2024 our volunteer base grew to 35 dedicated individuals providing support in a variety of ways, including administrative tasks, 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. Over 2023-24 our regular volunteers collectively provided 1437 hours of support. 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. Our relationship with the wider community . The ability of the Charity to continue its vital support to the Trust is dependent on its capabilty to raise funds from the general public. It also continues to forge strong relationships with members of NHS staff whose co- operation is instrumental in helping the Charity to continue its support. Our Charity Champions initiative which launched in February 2023 continues to grow and now has over 100 members of staff signed up to the voluntary role to help raise awareness of and drive support for the Charity across all Trust sites. Page 13of39 Royal Berkshire NHS Foundation Trust Charity Annual Review 2023-2024: highlights from the activities undertaken in the year The key aim of the Charity is to raise funds to help transfomi the Ca￿ and experience for patients and staff across all of our Trust sites. We do this through funding initiatives that enable.. the purchase of addttional and improved medical equipment the refurbishment of patient and staff areas the development of staff knowledge and skills through training and education the providsion of ttems that support patient and staff wellbeing Achievements and performance The Charity continually works to enhance the support it provides to patients and staff across the Trust. We ensure that fundraising and other income-generating activities are well planned to ensure a good retum on investment and sustainable growih for the future. During 2023-2024 our fundraising team engaged in a variety of activities, such as Community and hospital- based fundraising, direct marketing to existing supporters, and fostering long-term relationships with individuals, companies and grant-making bodies. Support from corporate partnerships and major donors continued to grow and both income streams perfomied well over the year. Two highlights of our corporate collaborations were our Charty of the Year partnership with Reading Buses which began in January 2023 and flourished raising over £11k', staff at the company were fully engaged in supporting their chosen cause and the e*(ensive promotion of the charity on its buses across all routes significantly helped to raise our profile across the region. In January 2024 we were delighted to hear that Reading Buses staff had chosen us as their Charity of the Year for a second consecutive year. At the end of 2023 we were also thrilled to learn that we had been chosen by Thames Valley Chamber of Commerce as their Charity of the Year- this 15 providing us with valuable ne￿OrkIng opportunities resutting in meaningful connections with potential business partners. Our engagement with the community and staff across the hospital sites has significantly increased and through various outreach activities, collaborative projects and community events, we have strengthened our connections and expanded our ne￿ork. We are dedicated to nurturtng these relationships and each provide valuable opportunity for us to connect and raise awareness of the Charity. We are incredibly grateful to all of our supporters and donors and we maintain communication with them through multiple channels, including mail. email, lelephone, our charity magazine 'Spotlight', social media and our website alberkschari We closely monitor our communications to ensure we strike the right balance- encouraging and thanking supporters for their charitable efforts without being intrusive. A large number of gifts-in-kind were also received through the charity for patients and staff from our corporate partners and grateful members of the public who were keen to showtheir support to the local NHS in otherways. The value ofthese gifts is not included in our income reporting. Charttable activities We are committed to spending our funds in a way that delivers maximum impact, focusing on priority projects identified in Collaboration with Trust teams. We actively seek feedback from the areas we have supported to assess the impact of our funding on patients and staff. This helps ensure that our funds are achieving the desired outcomes and enables us to report back to our donors on the benefrts their support makes. Thanks to our supporters the Charty was able to provide £828K of funding in 2023-2024 across our four key Helping to buy the most up-to-date equipment Page 14 of39 Royal Berkshire NHS Foundation Trust Charity Supporting rebuilding and refurt)ishment projects Providing better facilities for patients and visitors Improving staff well-being and training for the benefrt of patient care Highlights from a number of our projects undertaken in the year are detailed below to give a deeper understanding of the positive difference we make together to the Gare and experiences of the local communities that we seNe. Buying the most up-to4ate equipment During 2023-2024 we purchased a wide range of medical equipment to help provide the best possible care for patients. These included: An endothelial camera for ophthalmology patients with complex eye condttions, including those needing to be assessed for surgery Three new up-to-date ventilators for our intensive care neo-natal unit Several ultrasound machines for various specialty areas, including.. an ultrasound machine for delivering analgesi¢ neNe blocks to manage pain in rib fracture patients, negating the need for less- effective oral and intravenous medications., a machine for our local ENT Service in Henley to enhance and accelerate the detection of head and neck lumps, and enable the early identification of Cancer- another for our sexual health seNice to support clinics in the fitting and removal of intrauterine devices, ensuring better outcomes for our patients Airvo 3 enhanced oxygen machines for babies and children requiring respiratory support Patient observation machines for renal patients undergoing dialysis on the renal ward Supporting rebuilding and refurbishment projects The charity undertakes refurbishment projects to help create modem, efficient, and welcoming environments that enhance the quality of care for our patients, and provide better working conditions for our staff. This year, these have included.. Maternty bereavement rooms." following a successful fundraising appeal, £60k of charitable funds were spent on the soundproofing and refurbishment of two bereavement rooms in our maternity unit. This vital upgrade ensures the ongoing privacy and dignity of bereaved families, offering a dedicated space where families can take the time they need at one of the most difficult periods in their lives Refurbishment of the Intensive Care Unit waiting room to create a larger and more Comfortable space for relatives. which is now able to accommodate more families in a supportive and welcoming environment while awaiting updates on their loved ones The creation of a dedicated pleural procedures room for the diagnostics and treatment of respiratory conditions such as cancer and infections, for both in-patient and outpatient services Refurbishment of the catering department staff room: delivering a much-needed refresh with new furniture and upgraded facilities, and providing a more comfortable and welcoming space for our dedicated catering staff, who prepare freshly cooked meals daily for both patients and colleagues 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. Projects have included: Refreshing the relatives, room on our respiratory ward with new furniture, to allow for a comfortable environment whilst having sensitive conversations with families. Funding supportive therapies for patients that complement traditional healthcare. such as music therapy in the elderly care wards, and Mindfulness Based Cognitive Therapy (MBCT) delivered by one of our chaplains, to help both patients and staff manage stress and develop better coping strategies. Page 15of 39 Royal Berkshire NHS Foundation Trust Charity The purchase of an additional 30 wheelchairs to increase capacity within the porters, service and the availability of wheelchairs across the site, significantly reducing waiting times and improving efriciency, ensuring smoother and faster movement for our patients. Implementing the latest ophthalmology sofvare for improved clinical analysis and diagnosis for glaucoma patients. Improve stsff wellbeing and training for the benefit of patient care Ensuring staff are well-trained and supported directty benefits their expertise and the quality of care they can provide. During 2023-2024 this support included: Numerous specialty training courses, conferences and further education such as Postgraduate Certificates in Healthcare Education, and CPD funding for Physician Associates. A collaboration with Henley Business School to provide professional development courses and resources for Organisational Development (OD), HR and the wider Trust, to enhance staff capability and performance via a supportive network. Project management accreditation within the Building Berkshire Together team to support the new hospitals programme. Funding was also granted for a variety of other projects which provided significant impact on patient experience and care, and staff wetfare. This included a cancer rehabilitation wellbeing day for patients, the improvement of staff areas within the cardiac care unit, and investing in measures to directly reduce incidences of Hospital Acquired Pneumonia (HAP) amongst high-risk patients in elderly care. Plans for the future The Corporate Trustee is reviewing a new 2024- 2028 strategy which is designed to ensure the Charity is able to Continue to contribute towards achieving the Trust's strategic priorities wherever possible. Our strategy will ensure we continue to deliver vital support to the Trust through increasing our income and broadening our charitable expenditure. The four strategic objectives are.. VISIBILITY: Ensure high visibility of our charity, both intemally and externally, strengthening awareness of our mission. values, and the impact our supporters make EXPENDITURE: Maintain prudent financial management by reducing our current reserves and ensuring we spend and do more to significantly increase the level of support we provide to patients and stsff across our hospitals INCOME.. Increase income year-on-year to allow us to fund more impactFul projects and better serve those in need VOLUNTEERING.. Expand our volunteer base through providing meaningful engagement and development opportunities, cultivating dedicated ambassadors for our cause Each of these objectNes wll be reviewed regularly over the term of the strategy to monitor progress and continued relevance. Although it 15 important to have a defined strategy, we also need to be agile to be able to respond to the sometime5 rapidly changing needs and opportunities within the Trust. Page 16 of39 Royal Berkshire NHS Foundation Trust Charity Financial Review During this financial year the Charity has continued to 5UPPOrt the Trust in a wide variety of charitable activities benefiting patients, staff and the general public. The Corporate Trustee ambition for the Charty 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's income from donations was £415k (2022123 £1,052k) which decreased by £637k compared to last year. Legacy income this year was £62k (2022123 £355k) which also decreased by £293k as compared to prior year. Fundraising and gift aid income were £115k (2022123 £147k) and £41k {2022123 £41k) respectively. Income from other trading activities amounted to £12k (2022123.. £8k). The activity increased by £4k compared to last year. There was a research income this year of £18k (2022123 nil), and interest income from fund deposits amounted to £180k (2022123 £38). This was a £142k increase as compared to last year, attributable to increase in interest rate as announced by Bank of England. Expenditure The total expenditure on charitable activities for the Charity were as follows- Unrestricted Funds £000 Restricted Funds £000 2023124 Total £000 2022123 Total £000 Purchase of Medical equipment Staff welfare and Education Additional equipment, furniture and f￿1rKJS Research related eypenditure & IT equipment Building and refurbishment Patient we￿are and amenities Total 270 77 347 149 55 106 153 548 165 217 72 1,091 18 2,111 144 33 102 60 17 627 22 93 17 828 201 Balance Sheet The net assets of the Chartty as at 31 March 2024 were £4.338k (2022123.. £4,761 k). Overall, net assets have decreased by £423k year on year. Investment Policy and Obje¢tives The Investment policy of the Charity States that the Charty Committee is responsible for.. Balancing investment risk with a bias towards avoiding losses; Protecting Capital against Inflation- and Covering Short Term Cash Requirements. Investment report for the year ended 31 March 2024 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 £436k. Page 17 of 39 Royal Berkshire NHS Foundation Trust Charity The charity currently has a holding of 955 units managed on behalf of the Charty by CCLA Investment Management Ltd in relation to an Endowment Fund that states that the investment must be retsined as equty. It is in a unitised fund which is a pooled investment vehicle. Value at 31103124 £000 Value at 31103123 £000 Fund Holding CCLA COIF Fund 955 income units 20 18 Total 20 18 Going Concern The Corporate Trustee has a reasonable expectation that the Royal Berks Charity has adequate resources and on-going fundraising 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. The Corporate Trustee believe that there are no material uncertainties that can call in to doubt the Charities ability to continue in operation. Thank you The Corporate Trustee would like to take this opportunity to thank everyone who has supported the Charity and made our important work possible. By order of the Corporate Trustee AtdLyU4w¢L Nicky Lloyd Chief Finance OffI￿r Royal Berkshire NHS Foundation Trust 16 December 2024 Steve Mcmanus Chief Executive Officer Royal Berkshire NHS Foundation Trust 16 December 2024 Page 18of 39 Royal Berkshire NHS Foundation Trust Charity Independent auditorfs ￿port to the trustees of Royal Berkshire NHS Foundation Trust Charity Report on the audit of the flnancial ststements Oplnlon In our opinion the financial statements of Royal Berkshire NHS Foundation Trust Charity Ithe 'chariVI: give a true and fair view of the state of the charitls affairs as at 31 March 2024 and of incoming resources and application of resources for the year then ended,- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and have been prepared in accordance with the Charities Act 2011 and the trust deed. We have audited the financial statements which comprise.. the statement of financial activities; the balance sheet- the statement of c3sh flows; and the related notes I to 19. The financial reporting fra mework that has been 3 pplied 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" l United Kingdom Gener311y Accepted Accounting Practicel. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stand3rds 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 U K, including the Financial Reporting Council's (the 'FRCs'l 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 c3St signific3nt doubt on the charitys 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 3nnual report, other than the financial statements and our auditorfs 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. Page 19 of39 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 a udit, 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 satlsfied 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 charit¢s ability to continue as a going concern, disclosing, 3s applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Igroup or the parentl charity or to cease operations, or have no realistic alternative but to do so. Auditorfs responslbillties 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. Re250nable assurance is a high level of assurance, but is not 3 guarantee that an audit conducted in accordance with ISAS IUKI will always detect a materi31 m isstatement 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 FRCS website at: www.frc.or auditorsres onsibilities. This description forms part of our auditorfs report. Extent to which the audit was considered capable of detecting irregularities, includlng 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 irregu13rities, 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 charitls 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 busines5 sector. We obtained an understanding of the legal and regulatory frameworks that the charity operates in, and identified the key laws and regulations that= had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the Charities Act and Charities (Accounts and Reportsl Regulations 2008; and do not have a direct effect on the financial statements but compliance with which may be fundamental to the charl￿5 ability to operate or to avoid a material penalty. Page 20 of 39 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 procedures performed to address them are described below: potential for fraud regarding whether legary income has been recognised in the correct year-. we understood the key controls and inspected evidence on 3 sample basis to confirm that income was recognised in the correct year,. and potent131 for fraud regarding whether legacy income and donation income is correctly classified in terms of restricted or unrestricted income.. we understood key controls and agreed correspondence from donors and approved fund requisitions to confirm that this was recognised correctly in terms of restricted and unrestricted income. In common with all audits under ISAS IUK}, 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 estim3tes are indicative of a potential bias- and eva luated 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: reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements,. performing 3n31ytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud- enquiring of management concerning actual and potential litigation and claims, and instances of non- compliance with laws and regulations- and reading minutes of meetings of those charged with governance and reviewing correspondence with Charity Commission. Report on other legal and regulatory ￿quIrernents Matters on which we are required to report by exception Under the Charities IAccounts and Reports) Regulations 2008 we are required to report in respect of the following matters if, in our opinion: the information given in the financial statements 15 inconsistent in any material respect with the trustees, report,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns: or we have not received all the information and explanations we require for our audit. We have nothing to report in respect of these matters. Page 21 of 39 Royal Berkshire NHS Foundation Trust Charity Use of our report This report is made solely to the charit¢s trustees,. as a body, in accordance with Part 4 of the Charities (Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charivs trustees those matters we are required to state to them in an auditorfs 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 opinion5 we have formed. llDt LLf Deloitte LLP Statutory Auditor St Albans, United Kingdom 07 January 2025 Deloitte LLP is eligible for appointment as auditor for the charity by iiirtue of its eligibility for appointment as audit of a company under section 1212 of the Companies Act 2006. Page 22 of 39 Royal Berkshire NHS Foundation Trust Charity Statement of Financial Activities for the year ended 31 March 2024 Unrestrictsd Funds £000 Restricted Endovrnent Total Funds Funds Funds 2023124 £000 £000 £000 Total Funds 2022123 £000 Nots5 Income and endowments from: Donations Grft Ad LegaC￿S FuN1r0￿1rKj Ott*r trading actwit￿S ot￿r It￿OMe Income from investments Totsl incoming resources 409 41 50 115 12 18 180 825 415 41 62 115 12 18 180 1,052 41 355 147 12 18 1,641 Expendlture on: RaisirYJ furnls Governarte costs- Aulit fee Charitable actMt*s: Purchase of medical equipmert Staff education and weware Purchase of additional equipment.furnfture rrtlings Research related expenditure incltsliryJ purchase of medical and IT equipmert Building aThJ refurbishment Patient weware and a￿EnitieS Total expenditure {3051 {101 191) {3961 {101 {4291 (101 {2701 {1441 (331 {3471 {1491 j551 (5481 {1651 {2171 15} 122) (1021 {601 171 941 14} 193} {1061 {1531 17 1.233 {721 {1,0911 18 2,550 292 gaIr￿ on investment assets Net expenditure 116) {272 388} 908 Nel losses on revalualK)n 135) 307 {35} 423 145} Net movement in funds 116 953 Re¢oncilAtlon of Funds Total furvjs brought forward 1st Apr 2023 I movement in furnls Trar%fer between fuThJs Total funds balances Ca￿led forward 14 3,551 1116} 32 3,403 1.172 13071 38 4.761 14231 5.715 1954) 897 38 4,338 4.761 Comparative information relating to 2022123 for the separate Glasses of funds is provided in note 18. Page 23 of 39 Royal Berkshire NHS Foundation Trust Charity Balance Sheet as at 31 March 2024 Unrestricted Restricted Endov4ment Funds Funds Funds Totsl Prior year Funds fu￿lS 31-Mar-24 31-Mar-23 £'ooo £'ooo rooo rooo eooo Fixed Assets Investment propety Investments Total. r￿ed assets 320 320 20 340 355 18 373 20 20 320 Current Assets Debtors Cash at bard( and in haTr Total current assets 374 4.768 5,142 10 3,519 3,603 577 577 4.134 4,218 38 Current Llabilities: Creditors.. Amounts falling due within 01￿ year Net current assets {2201 3,383 {220) 3,998 {754} 4,388 577 Total assets less current liabilittes 3.403 897 38 4,338 4,761 Total net assets 3,403 897 38 4.338 4,761 The Funds of the Charity Restricted Income FUTr Unrestrictèd I￿0Mè Fund EndownEnt FuThYs Total charity funds 13a 897 897 3,403 38 4,338 1,172 3,551 13b 3,403 38 3.403 897 4,761 Comparative information relating to 2022123 for the separate classes of funds is provided in note 19. The notes on pages 26 to 37 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 16 December 2024 . Steve Mcmanus Chief Executive Officer Royal Berkshire NHS Foundation Trust 16 De￿rnber 2024 Page 24 of 39 Royal Berkshire NHS Foundation Trust Charity statement of Cash Flovts as at 31 March 2024 Total. 2023124 £000 Total 2022123 £000 Note Cash flows from operating activities: Net cash (used in) I prowded by operatirrJ activities Cash flows from investing activities: Income from investments Net cash provided by investing activities 17 815 (1,445 180 180 38 38 Change in cash and cash eqUiVa￿nts in the reporting period (635) (1,407) Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 4,768 6,175 10 4,134 4,768 The note 10 on page 32 fomi part of these accounts. Page 25 of 39 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. Accounting policies and definitions Basis of preparation The Financial Ststements 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 charitsble 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 Corporate Trustee has a reasonable expectation that the Royal Berks Charty has adequate resources and on-going fundraising activities to continuè 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. 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 Charty 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 Charty is included, can be obtained from London Road, Reading, RG1 SAN or online at alberkshire.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). 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 capf(al, it is classed as expendable endowrnent. 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-specrfic purpose but where the capital is held to generate income and where the Corporate Trustee has no discretion to expend the capital. The Charty has Iwo pemianent endowment funds CIP (Capital in perpetuity) MG Harding- Staff CIP (Capital in perpetuity) MG Harding- Patients 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 non- binding 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 dis¢losed in note 13 on page 33. Incoming resources All incoming resources; donated goods, faciltties and services must be recognised as income by the charity when the following criteria are met- Page 26 of 39 Royal Berkshire NHS Foundation Trust Charity Entitlement - when control over the expected benefits that flow from the donation has passed to the charity. Probable - it is more likely than not that the economic benefits associated with the donated item will flow to the charity. Measurement- the fair value or value to the charity of the donated item can be measured reliably. 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 eviden￿ of fair value for an equtvalent item, a value may be derived from: the cost of the item to the donor; or in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods. 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 lega have been fulfslled. 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. 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 commttting the Charity to the expenditure. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. 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 exient 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 30. Costs of generating funds The costs of generating funds include the salaries of Charity fundraising staff, associated operating cost and investment fund management fees. i) 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 Page 27 of 39 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 accountabilty of the Charity and its compliance with regulation. These costs relate to statutory audit. Refer to note 6(a) on page 31. Investment properties Investment properties for which fair (Jalue can be measured reliably on an ongoing basis are measured at fair value annually wtth 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. Propety 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 benefrts are expected from the disposal. Any gain or loss arising on de-recognition of the property (calculated as the differen￿ 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 2024. The fair value for the year ending 31 March 2024 is £320k. The propety 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 be￿een Royal Berkshire NHS Foundation Trust and RDHC, the charity has charged a reduced rent of £1.20 (£1 plus VAT) for the year. The propety has been classified as an investment property as is held in the longer term for returns from rentals or capital appreciation. Fixed asset investments Investments are stated at marketvalue 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. 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 fom of prepayments, for the goods and services it will receive. Also included are amounts not invol￿d but acciued. Debtors are measured on the basis of their recoverable amount. Current asset investments Short term investments are classified as current asset investments. Short term investments represent cash funds held in investment deposit account (Government Banking Service) and are held at fair value. Investment deposits held in Government Banking Service are accessed when needed thus considered short temi investments only. For more information, see note 10. p) Current Liabilities All the Charity Costs inCu￿ed 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. 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 includefinancial 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. Page 28 of 39 Royal Berkshire NHS Foundation Trust Charsty 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 dtfference 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 marf(et value (or market value at purchase date if later). 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 seN1￿. 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. Post Balance Sheet Events (PBSE) There were no adjusting or non-adjusting events subsequent to the balance sheet date. 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 ¢onsidered to be relevant. Actual results may differ from these estimates. Valuatlon of investment properties During March 2024 an investment property valuation was undertaken for the building owned by the Charity. As part of this exercise, itwas necessary for Gerald Eve LLP, an independentfirm 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 landlbuilding assets based on his assessment. The valuation was prepared to comply with IFRS, specifically with regard to IAS 16 Property, Plant and Equipment, IAS 40 Investment Properties, Department of Health Group Manual for Accounts 2023124 and to the Government Financial Reporting Manual (FReM} 2023-2024. All valuations are carried out in accordan￿ with the Valuation - Global Standards 2022 of the Royal Institution of Chartered Surveyors (RICS). The Trust's subsidiary charity. The Royal Berkshire NHS Foundation Trust Charity's estimated Fair Value of the freehold interest in the Investment Propety known as Melrose House West as at 31 March 2024 15 £320,000 (Three hundred and ￿enty thousand pounds). The estimates and underlying assumptions are rev4ewed on an ongoing basis. Revisions to aC￿Unting 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 affect5 both current and future periods. 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 ha5 undertaken any material transaction with the Charity. The Charty provided funding to the Trust for approved expenditure only. The funding amounted to £828k (2022123= £2,111 k} and is included in the total expenditure costs as detailed on page 17. The creditor balance outstanding to the Royal Berkshire NHS Foundation Trust as at 31 March 2024 was £220k (2022123: £754k). Page 29 of 39 Royal Berkshire NHS Foundation Trust Charity The Charity has made payments tothe Royal Berkshire NHS Foundation Trustwherethe members ofthe 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 Finan￿, Director of Communications and Engagement, Director of System Partnerships and Charity Director. Dr Bal Bahia Graham Sims Steve Mcmanus Dr. Janet Lippett Michael Clements Mr. Don Fairley Caroline Lynch Jo Warrior John Stannard Jonathan Barker Adenike Omogbehin Sunila Lobo Non-Executive Director - Chair Trust Chair Chief Executive Chief Medical OfFicer Director of Finan Chief People Officer Trust Secretary Charity Director Patient Representative Public Governor Staff Representative Public Govemor 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 2023124 or 2022123. The Corporate Trustee has not recetved honoraria, emoluments or expenses in the year in respect of the Charity. The Corporate Trustee has purchased Trustee indemnity insurance. Investment Income Held inUK £000 Held outside UK £000 2023124 Total £000 2022123 Total £000 Interest Ir￿orne from fund deposit Total 180 180 38 180 180 38 Support seriices - staff charges 2023124 £000 2022123 £000 Finance Support pay cost Charty pay Cost Charity non-pay cost Total staff support related charges 40 346 10 396 40 328 61 429 Total staff salaries was £386k (2022123: £368k) and £1 Ok for non-pay (2022123; £61 k). The pay cost charge includes staff time equating to 6.5 whole time equivalents (2022123= 6.5 I￿E). Page 30 of 39 Royal Berkshire NHS Foundation Trust Charity 6{a) Governance costs Total 2023124 Funds £000 Total 2022123 Funds £000 Audit Fee - auditing of financial statements Total 10 10 10 10 6(b) Apportionment of finance administration costs for the year The total support costs incurred during the year 2023124 was £40k {2022123: £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. Unrestricted Funds Restrlcted Funds Total Funds 2023124 £000 Total FuThYs 2022123 £000 Charitable Activities £000 £000 Purchase of Medical Equipment staff Edjxation & welfare Additional equipment, furr4twe & rrttirYJs Building & Ref￿bishment Total 23 32 28 40 28 40 Investment properties Investment Property Investment Property Melrose Fbuse Melrose House LaThJ Buildings £000 £000 Investment Property Total FY 2023124 £000 Fair value 200 155 355 Fair valLE at 1 April 2023 (Loss) on rerdluation 200 155 355 (10) (25) (35) Fair value at 31 March 2024 190 130 320 Investment Property Inveslment Property Melrose Fbuse Melrose House LarKI Buildings £000 £000 180 Investment Property Total FY 2022123 £000 Fair Wdlue 220 400 Fair walue at 1 April 2022 {Loss) on revaluation 220 180 400 (20) (25) (45) At 31 March 2023 200 155 355 Page 31 of 39 Royal Berkshire NHS Foundation Trust Charity The fair value of the Charity's investment property at 31 March 2024 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. Analysis of fixed asset investments 2023124 £000 2022123 £000 Fixed Asset Investments: Market value at 1 April t unrealised gain on investment (COIF) Market value at 31 March. 18 18 20 18 Historical cost at 31 March 2024 was £20k (31 March 2023.. £18k) Market value at 31 March . Held Held In UK outside UK £000 £000 2023124 Total £000 2022123 Total £000 Pooled investment vehicle 20 20 20 18 18 20 Debtors falling due within one year Balance 31 March 2024 Balar￿e 31 March 2023 £000 £000 Accrued irtome 84 374 374 Accrued income in the year consists of 11 legacies amounting to £67k (2022123 £370k) notified and due, but not yet received, and also consist of £17k Gift Aid (2022123= £4k). 10. Cash and cash equivalents Balance 31 March 2024 Balance 31 March 2023 £000 £000 Cash at bank and in hand Amounts on deposit with Government BankirvJ SeM¢e Commercial banks 3,235 899 4,134 3.083 1.685 4.768 Cash and cash equivalents 4,134 4,768 Cash equivalents are defined as short-temi, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insigntficant risk of changes in value. Highly liquid investments normally have a maturity of three months or less from the date of acquisition. Page 32 of 39 Royal Berkshire NHS Foundation Trust Charity Creditors: amounts falling due within one year Balance 31 March 2024 Balance 31 March 2023 £000 £000 Accruals Other Creditors 121 99 220 687 67 754 Other creditors as at 31-Mar-2024 all relates to amounts owed to 3° paty suppliers. These amounts are unsecured, interest free and have no fixed date of repayment. 12. Financial Instruments Balance 31 March 2024 Balance 31 March 2023 Flnancial Assets £000 £000 Ftxed asset investments Trade and otI￿r debtors Cash and cash equivalents 20 18 374 4,768 5,160 4,134 Balance 31 March 2024 Balance 31 March 2023 Financial Liabilities £000 £000 Trade arKI other creditors 220 220 754 754 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 20 special purpose ¢harities', Royal Berkshire General Fund Umbrella Fund (Note 13b only) Page 33 of 39 Royal Berkshire NHS Foundation Trust Charity 13{a) Details of restricted funds Unrealised Net gains on knlgaroted gainl Ilossesl investnEnt Resources recapt8from ￿ on investNpnt Balance 31 a$$*$ Eypended funds property March 2024 £000 £000 £000 £000 £000 Balance 01 Ppril IncoThyng 2023 Resources £000 £000 Godfrey Men￿r￿81 MG F&rdirvJ RDHC.R. O. A P. FLnd RDkDCardkac FurKI RDHC-Eye F RDHC-Kidr*y FLThJ RDHC-Leukaemia FLnJ RDHC.S. A F. E. Appeal RDFCS*llbirth Furnj RDHGDirKJley Speaalist Clildrerts Certre FLnd RDHC-NewbLry Breast Care Fu RDHC-Paediatrrc AudioEogy Furn RDH&Diabetes Centre Appe81 RDHC-Buggy Ftns RDHC-Ctrildrens FLnJ RDHC-ReadiryJ Robot Appeal RDHC.RBH med￿81 Retira Fw RDHC-Stork's FLnJ RD￿ Melrosts Fkjuse RDPtsOthers Total 12 33 87 398 81 40 35 12 16 12 24 33 290 21 1541 {1081 191 141 {41 1511 31 11 131 16 15 14 14} 14 10 13 13 12 354 35 1351 320 61 51 32 897 35 15 18 60 292 13(bl Details of unrestricted funds Balance 01 April 2023 Inco￿ng Resources Transfers Amalga￿￿ted ResouFces Expended within V- transfers lo R- nds funds Balance 31 March 2024 £000 £ooo' £000 £000 £000 £000 Royal Berks GerEral fund Audiology Surgical Diabetic Renal Gastroenterology Cardiology Chest Cancer care General Medical Child MedicirE Malernty & Gynaecology Intensive Care Pathology Prin￿ Chartes Eye Casualty FLmd Prince Charles Consultants Eye FUNIS Lknbrella COVID-19 Knowledge & Developmènt Unallocated donation I legacy incon Total 1.368 26 127 37 238 180 {3531 (5) 14) 14} (100} 1406) 787 21 123 33 236 98 489 29 388 164 148 81 67 15 137 {1961 1181 11181 433 14 372 167 141 30 55 102 66 {73) (44) (581 1141 {6) 117) 1151 21 14) 16 138 28 {17) 220 80 91 {45) 441 369 170 250 150 65 3.551 825 {941) 132} 3.403 Page 34 of 39 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 {2022123 £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 Unrestricted Funds £000 Restricted Funds £i)00 Endowment Funds £000 Total Funds £000 Funds as at 1st April 2023 Net mvement in furKls for the year Transfer between furKIs FurKls ag at 31 March 2024 3.551 (116) (32) 3,403 1.172 (307) 32 897 38 4.761 (423) 38 4,338 15. Commitments The Charity had no commitrftents at 31 March 2024 (31 March 2023 - nil). 16. Contingencies The Charity has no contingencies (2023124 nil). 17. Reconciliation of net incomel{expenditure) to net cash flow from operating activities Total 2023124 £000 Total 2022123 £000 Net expenditure for the reporting period from operating activities Adjustments for: Irrterest from investments (Increase}IDecrease in debtors (Decrease)Ilncrease in creditors Unrealisedlrealised losses on investments Unrealisedlrealised gain on COIF investment Net cash (used in)Igenerated by operating activities (423) (954) (180) 290 (534) 35 (38) (24) (474) 45 815 1,445 Page 35 of 39 Royal Berkshire NHS Foundation Trust Charity 18. 2022123 Statement of Financial Activities Unrestrlcted Funds £000 Restricted Funds £000 Endo%Mnenl Funds £000 Total Funds 2022123 £000 Income and endowments from: Donations Gift Aid Legacies FurKlraising Other trading acti￿tIeS Income from investments Total incoming resources 1,050 41 355 145 1,052 41 355 147 35 1,634 38 1,641 Expendtture on: RaisiFVJ funds Governance costs - Audit fee Charitable activities.. Purchase of medical equipment staff education arKI welfare Purchase of additional equipment,furniture aTrJ fittings Research related expenditwe including purchase of medical and IT equipment BuildirKJ and refurbishment Patient we￿are and amentties Total expenditure (352) (101 (4291 (10) {504) {157} {44) (8) {548) (165) (208) (9) (217) 156} (16) (322) (72) (769) 14 (2.070) (1,091) 18 {2,550) (480) Net expenditure 436 473 909 Nel losses on revalualion (45) 518 (45) Net movement in funds 436 (954) Reconclllation of Funds Total funds brought fomard 1st Apr 2022 mvement in funds Total funds balances carrled fowdrd 3.987 436 3,551 1,690 {518 1,172 38 5,715 954 4,761 38 Page 36 of 39 Royal Berkshire NHS Foundation Trust Charity 19. 2022123 Balance Sheet Unrestricted Funds £'ooo Restricted Funds £'ooo Endowment Totsl Funds Funds 31103123 £'ooo £'ooo Fixed Assets Investment property Investments Total fLxed assets 355 355 18 373 18 18 355 Current Assets Debtors Cash at bar* aThJ in haTh Tolal current assets 374 3,913 4,287 374 4,768 5.142 817 817 38 38 Current Liabilities: Credilors: AmoLmts falling due within one year t CLffrent assets (754) 3,533 (754) 4,388 817 Total assets less current liabilities 3,551 1.172 38 4,761 Total net assets 3,551 1,172 38 4,761 The Funds of the Charity Restricted I￿orne Furm Lknrestricted Income FLmd Endowment FurKIs 1,172 1,172 3.551 38 3,551 Total charity furKIs 3,551 1.172 38 4.761 Page 37 of 39 Royal Berkshire NHS Foundation Trust Charity Donations including Gift Aid Declaration Royal Berkshire NHS Foundation Trust Charty {1052720) The Charity supports the Royal Berkshire NHS Foundation Trust, which is one of the largest district general hospitals in the country. Voluntsry donations from the publi¢ 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 25/0 (Basic rate tsxpayers) meaning more money goes to helping the Hospital. Please complete the'GiftAid Declaration, form on page 37 if wishing to utilise the GiftAid donation facility. Donating is easy and can be done a number of ways: Online via our website: visit www.royalberkscharity.¢o.uk and Click 'Donate No Via bank transfer: please call the charity team on 0118 322 8860 for our bank details By debit or credlt card: please call the charlty team on 0118 322 8860 to make a card donation Cheque: please make your cheque payable to 'Royal Berks Charity, and post it to the following address: Royal Berks Charity Royal Berkshire Hospital London Road Reading RG15AN Page 38 of 39 Royal Berkshire NHS Foundation Trust Charity fbei Glft Ald Declaratlon Are you a UK taxpaye￿ If so, you can use Gift Aid to make your donatM)ns 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 absolutety no obligation to make further donations bLrt should you decide to do so we will be able to claim Gift Aid on these donations as well. 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. l am a UK taxpayer and understand that rf I pay less Income Tax andlor Capital Gains Tax in the current L3x year (6 April to S April) than the amount of Gfft Aid claimed on all my donations across all charities, it is my responsibilty to pay any difference. Signed:" Date of declaration:. our detslls. Title. First name. Sumame. Home address" Postcode" Email 'These details are requiTrd to make a valid Gift Aid claim Phone mall but imDortant print Gift Aid is reGlaim8d by th8 charity fmm the tax you pay fv the Gu￿￿nt tax year (6 Apnl to 5 Apnl). You can cancel this Declaration at any tim8 by notfying the charity. Your home address is needed to identrfy YOU as a cuffent UK ta¥payer. Please notfy our charity rf you: want to cancel this declaration: change your name or home address,. no longer pay sufficient tax on your income andlor capital gains. INhen completed. please retum to: lease return The Roy81 Berks Charity FREEPOST RSKX-HGXC-CTKJ Royal Berkshire Hospital London Road Reading Berkshire RG15AN aising un Improving health ,Enhanclng FR FUNDRAISING REGULATOR charlty@royaWfrthirt.nh&uk Page 39 of 39