O CHESTERFIELD RQYAL CHARITY GIFT OF OUTSTANDING CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY CHARITY NUMBER: 1052913 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED: 31 MARCH 2023
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY YEAR ENDED 31ST MARCH 2023 CONTENTS: Trustees Report Pages 1-12 Page 2 Foreword Page 3 Reference and Administrative Details Page 4 Structure, Govemance and Management Page 5 Terms of Referen Page 6 Risk Management Page 7 Partnership working and Networks Page 8 Annual Review Page 9 ReseeS Policy and Our Future Plans Pages 10-11 Review of Finance Achievement and Performan Page 12 Performance Management Page 13 Statement of Tnjslees. Responsibilitieg Independent Examlner's Report Page 14 Financial Staternents Page 15-26 Page 15 Statement of Financial Activities Page 16 alance Sheet Page 17 Slalement of Cash Flows Pages 18-26 Notes to the Financial Statements
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Foreword The Corporate Trustee presents the Charitable Funds Annual Report together with the Financial statements for the year ended 31 March 2023. The a¢counts (financial statements) have been prepared in accordance wlh the Statement of Recommended Practice= Accounting and Reporting by Chartties preparing their accounts In accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice. The Charity has a Corporate Trustee.. the Chesterfield Royal Hospit81 NHS Found*ion Trust. The members of the NHS Foundation Trust Board who served during the financial year were as follows-. Executive Directors Dr Hal Spencer Interim Chief Executive (0110412022-1710512022} Chief Executive (commencing 18105120221 Deputy Chief Executive and Chief Operating Officer (until 2910112023) Chief Operating Officer {3010112023-2810212023) Chief Operating Officer (commencing 0110312023> Director of Finance and Contracting (until 3110512022) interim Chief Finan Officer (commencing 0110612022) Interim Medical Director (0110412022-0810912022) Medical Director (commencing 09109120221 Director of Human Resources and Organisational Development (until 0510612022) Interim Director ol Human Resources and Organisational Development (3110512022-3010612022) Director of Human Resources and Organisational Development (commencing 0110712022) Director of Nursing and Patient Care Chief Digital Officer Beienice Groves Zoe Notley Michelle Veitch Lee Outhwaite Steven Heppinstall Kevin Sargen Zoe Lintin Caroline Ward Krishna Kallianpur Jon Cort Non - Executive Directors Dr Helen Phillips Dr Jeremy Wight Jayne Stringfellow Sue Glew Keith Nurcombe Atul Patel MBE Nora Senior lan Ailles Lord Paul Scriven Chair Non-Executive Director Non-Executive Dlrector and Senior Independent Director Non-Exe¢utive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director (until 0111112022) The Charitable Funds are registered wth the Charity Commission (No 1052913) in accordan with the Charities Acts 2011.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Reference and Administrative details The main charity Chesterfield and North Derbyshire Royal Hospital NHS Trust, registered Charity Number 1052913, was entered on the Central Register of Charities on 10 October 1995. Further to th? change to Foundation Trust Status a Supplemental Deed of Declaration was made on the 15 Sèptèmber 2005 changing the title to Chesterfield Royal Hospital NHS Foundation Trust. As at 31 March 2023 the Charity is constituted of 22 individual funds and the notes to the accounts distinguish the types of fund held and disclose separately all rnaterial funds. Charitable funds roceived by the Charity are aCpted, held and administered as funds held on trusl for purposes relating to the health service in accordance wtlh the National Health Service Act 2006 and the Heallh and Social Care Act 2012 and these fvnds are held on trust by the Corporate Trustee. Trustee The Chesterfield Royal Hospital NHS Foundation Trust is the Corporate Trustee of the Charitable Funds governed by the law applicab5e lo Trusts, principally the Trustee Act 2000 and the Charities Act2011. The NHS Foundation Trust Board devolved responsibility for the on-going management of funds to the Charitable Funds committee which administers the funds on behalf of the Corporate Trustee. This committee was formed following the transfer of funds from North Derbyshire Heallh Authority by Statutory Instrument in 1993. The names ofthose people who served on the Charitable Funds Committee and therèfore acted as agents for the Corporate Trustee, as permitted under regulation 16 of the NHS Trusts (Membership and Procedures) Regulations 1990 were as follows.. Atul Patel MBE Lee Outhwaite steven Heppinstall Lord Paul Scriven Dr Helen Phillips Non-ExecutNe Director Director of Finance and Contracting {until 3110312022> Inlerim Chief Finance Officer (commencing 0110412022) Non-Execulive Director (until 01111120221 Non-Executive Director (commencing 0211112022} Principal Charitable Fund Advisers to the Board The Chief Finance Officer has, under a scheme of delegated authority approved by the Corporate Trustee, day to day responsibility for the management of the Charitable Funds and must personally approve, on behalf of the Corporate Trustee, all expenditure in excess of £5k using his delegated authority. Expenditure in excess of £15k must be approved by the Ch8rtt8ble Funds Committee and expenditure in excess of £1 Ook must be approved by all Trustees. The Charity Director, Ken Godber acted as Secretary to the Charitable Funds Committee and must personally approve, on behalf of the Corporate Trustee, all expenditure under £5k using his delegated authority. Anthea Sharratt, Head of Financial SeNices acted as the Principal Officer, overseeing the day to day financial managemenl and accounting for the Charitable Funds. The Charity does not have any employees, a15 staff costs relate to recharges for time spent on Charitable Funds by staff wholly employed by Chesterfield Royal Hospital NHS Foundation Trust.
CHESTERFIELD ROYAL HosprrAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Principal Office The principal Offi for the Charty is.. Finance Department Chesterfield Roy81 Hospital NHS Foundation Trust Top Road Calow Chesterfield Derbyshire S44 5BL Principal Professional Advisers Bankers Lloyds Bank plc 27 Market Pla Chestorfield Derbyshire S40 1PN Solicitors Beachcroft LLP 7 Park Square Easl Leeds LS12LW Independent Examiner Hawsons Chartered Accountants Pegasus House 463a Glossop Road Sheffièld S102QD Investment Advisers CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ Structure, Governance and Management The Chartty's unrestricted General Fund was established using the model declaralion of trust and all funds held on trusl as at the date of Tegistration were part of this unrestricted fund. Subsequent donations and gifts received by the Charity that are attributable to the original funds are added to those fund balances within the existing Charity. The Corporate Trustee fulfils its legal duty by ensuring that funds are spent in accordance with the objects of each fund and by designating funds. The Trustee respects the wishes of our generous donoFS to benefit patient care and advance the good health and welfare of patients, carers and staff. The Charitsble Funds available for spending are allocated to specialties within the NHS Foundation Trust's management structure. Each allocation is managed by use of a designated fund within the general unrestricted fund, by a restricled fund or an endowment tund. For exarnple, there are Charitable Funds for Medicine and Emergency Care, which includes a General Fund, Cardiac Care, Diabetic Patients, Dermatology, Stroke Patients and Haematology. The Charitsble funds within Surgical SeICes include the General, Breast Care. Stoma Care, Maxillofacial, Orthopaedics. Urology and ITU. Non-Executive members of the Trust Board of Directors are appointed by the Foundation Trust's Council of Governors and Executive members are recruited by the Board of Directors. Members of Ihe Trust Board and Charitable Funds Committee are not indNidual trUStS under Charity Law but act as agents on behaW of the Corporate Trustee.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 The Charity Direclor, who also acts as Secietary to the Charitable Fund Committee operates an induction pack for nèw board members, All newly appointed members of the NHS Trust Board and Charitable Fund Committee are given information about the Charity, including the governing document, the Charitable Funds Committe8 terms of reference, trustee annual report and accounts and the policies and priorities of the Charity. In addition information is given about trustseship, including the Charity Commission booklet CC3, The Essential Trustee. Charitable Funds Committee Terms of Reference The Charitable Fund Committee, under Standing Financial Instruction 20, has had Trustee Responsibilities delegated to it by the Trusl Board. The Committee.. - 1) Receive the governing document of any newly registered fund for adoption. 21 Receive recommendation for existing funds in respect of rationalising such funds oi increasing the number of funds-, 3) Receive reports showing the income ar)d expenditure position of the Charity- requests for expenditure, also details of legacies and donab'ons. In addition the Committee will receive formal feedback for expendilure in excess of £25k', 41 Refer all requests for expenditure in excess of £1 Ook lo all board members for approval., 51 Review a statement of balances held and commitments, ensuring where balances are held, that they can be justified ir) line wilh the reserves policy., 6) Receive reports on any irregularities in respect of fundraising or other matters., 7) Be responsible for formulation of investment pollcies, the appointment of an investment advisorlbroker and for participation in any common investment funds., 8) Receive reports reviewing investment performance- 91 Receive details on the appointment of appropriate banking services., 10) Receive the annual accountslannual reports for the Charity- and meet with all trustees to approve these and to discuss any other charitable matters. 11) Receive details of any internal audit reports relating to Charitable Funds. The accounting records and the day-to-day administration of the fLEnds are dealt wilh by the Finance Department located at Chesterfield Royal Hospital NHS Foundation Trust, Top Road, Calow, Cheslerfield S44 5BL.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Risk Management The Charity has a rtsk management strategy which includes the review of the Charity's risk register_ The risks and their corresponding actions designed to mitigate the risks are reviewed and updated {where necessary). The risk register is a standing item for discussion annually at the Charitable Funds Committee meetings, which are held quarterly. The board members recognise thal Ihey are responsible for the Charlty's investment and cash assels. The Board of the NHS Foundation Trust meets paratelY when acting as Trustee of the Charity, demonstrating clear separation and autonomy of governance, meeting formally as Trustee of the Charity at least once a year. No business shall be transacted at a meeting of the Trust unless at least one-third of the whole number of the directors are present all de¢isions made outside of the Committee are made by a Quorum and minutes are included in the following Commtttee meeting. A Quorum is any members of the committee. The Committee regularly reviews the activities of the Charity and assesses the major risks to which the Charty is potÈntially exposed, i.e., financial, operational and reputation and is satisfied that systems are in place to mitigate exposure to those risks. Income and Expenditure is monitored and is compared with the approved plan on a monthly basis to detèct trends as part ()f the risk management process to avoid unforèseen calls on reserves. The board members have formally set a limit on expenditure of £1 Ook, above which its decision is required,. other lower financial limits are set out formally in the Trust's Financial Protsdures as follows: Expendilure below £5k can be auihorised by the Fund Manager and Charty Director. Expenditure between £5k and £15k requires authorisation from the Chief Finance Officer. Expenditure in excess of £15k requires approval from the Charitable Funds Committee. Investmonts are monitored and trends compared to national indices to highlight any unexpected movements. As a minimum the Committee meets annually with its investment advisors to review the perfomiance of its investment portfolio. The Charity's accounts are subject to an Independent Review and financial procedures are subject to internal audit reviews, and any audTt recommendations are implemented. The NHS is, by its very nature, subject to national changes in govemment policy as well as local politicalY driven decisions. The trustees have identified this as a risk as it may mean initiatives or healthcare activities supported by the Chaity are no longer delivered in this area. The trustees regularly liaise with our NHS partners to understand the changes that they are facing at an early stage. The trustees also review our NHS partners, strategic plans when they are developing future plans.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Partnership Working and Networks The patients of Chestèrfield Royal Hospital NHS Foundation Trust are the main beneficiary of the Charity. Chesterfield Royal Hospital NHS Foundation Trust is a related party by virtue of being Corporate Trustee of the Charity. By working in partnership with the Tiust, the Charitable Funds are used to best effect. When decidlng upon the most beneficial way to use the Charitable Funds, the Corporate Trustee has regaid to the main activities. objectives, strategies and plans of the Charity. Objectives and Strategy The Charity objectives (as stated within the registration with the Charity Commission) are as follows_. For any Gharilable pOSe OrpUoSes relating lo thg Nation81 Health Service wholly or mainly for the Selv9& provid8d by Chesterfield Royal Hospital NHS Foundation Trust. The purpose of every charity is to provide 'public benefrt, ar)d ea¢h charity must demonstrate how these requirements are met through their aims and activities. The focus of Dur activities as described below is lo benefit the slaff and public who use the services of Chesterfield Royal Hospital NHS Foundation Trust. The operating objectives of the Charity are as follows.. Ensure that funds are spent in accordance wllh the objects of each fund, and in line with the Reserves Policy which states that Fund Managers should not hold fund balances in excess of years average income without justification. To maximise investment returns of the Charity whilst ensuring an acceptable level of risk in line with the Investment Policy. To ensure the timely receipting of donations and legacies and ensure that they are coriectly designated lo the relevant fund in line with the donor's wishes. To effectively manage cash flow, ensuring there are sufficient liquid funds to meet expenditure requirèments. Making our vision happen involves all our parlners, staff, patients, carers and the community. We invite you to join us to make this a reality. If you want to know more about how to make a donation please contact the Head of Financial Services, Finance Dept., Chesterfield Royal Hospital.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Annual Review: Our Activities Donations to the charity have continued to support a wide range of Chariiable and health related activities for public benefft, in respect of both patients and staff. In general, they are used to purchase the very varied addftional goods and services that NHS funding does not cover. For example, during the year charttable donations from a range of fvnds were ulilised to fund the purchase of: The Health and Wellbein Hub Cost £1939k Construction of a dedicated space for staff members of the Trust to undertake a variety of health and wellbeing activities, acting as 2 thank you and a legacy of all ihe hard work that NHS staff members consistently give, and especially during the COVID-19 pandemic. Accessible Pro Cost £20k A delailed access guide that describes each patient journey and gives disabled people. carers, and those with long term health conditions the information required to plan their vlsit to our sites. Theatre Stsff Room Seatin Cost £16k New seating in the staff room to improve the environment for Theatre staff when taking breaks. Carer Liaison Su ort Officer Cost Ilk Provides a 1..1 support setvice for carers, both patients and staff. Grant Making Policy Grants are normally made from the Charity's unrestrfctsd funds - our funds comprise three potential elements. Firstly the General ChariEable Fund (unrestricted) which is constituted of donations and legacies received by the Charity where no particular preference as to tts expenditure has been expressed by donors. Grants are targeted on projects in areas of the hospital that do not have available designated funds to pay for them. The second element relates to Special Purpose Funds (Designated) - these usually contain donations and legacies where a particular part of the Hospital or aclnity was nominated by the donor at the time their donation was made. Vvhilst their nomination is not binding on the Trustee. every effort is made to ensure the donorwishes are met. The designated funds are overseen by Fund Managers who make recommendations on how to spend the money within their designated area. These recommendalions are considered and approved by the Trustees in line wth the delegated authorities, as detailed on page 6 of this report. The third elèment relates to Restricted Funds- these are funds which are to be used for specific purposes or projects.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Reserves Policy The Trust reseNes policy states that Fund Managers should not hold fvnd balances in excess of two years average income without justification. Adherenc2 to this policy is monitored quarterly and where balances are in excess of the reserves policy Fund Managers are contacted to request an update of fulure plans for expenditure on the fund. The year-end level of free reserves of £601 k lundesignated funds of £766k less commitments of £165k) equates to 0.6 years average expenditure. The Charitable Fund Committee has considered Fund Manager's expendrture plans to ensure they are satisfied that funds are not being held without justification. The Committee is keen to mainlain a level of balances ur)der 2 year's average expenditure where possible. Our Future Plans Mindful of the many chang8s in the NHS, the future direction of the Charity will take into account these changes, particularly in Sight of Ihe COVID-19 pandemic. The reconfiguration of services and the plans for redesigning patient care to meet the needs of the future will influence the priorities for spending Charitable Funds. Our ability to maintain our existing investment in heaEthcare and generate new income is vital. The Charity has committed £165k in future spending help make the experience of staff and patients more positive, the details of these commitments can be found in Note 15 on page 26 of the accounts. The Charity continues to iaise funds towards the Health and Wellbeing Hub commissioned by Chesterfield Fioyal Hospital NHS Foundation Trust. The fund is being held open for fund raising until 31, March 2024 after which the final deficit fund balance will be restored via a transfer of funds from the general reserve. The Health and Wellbeing Hub opened its doors on 5 July 2023 2nd provides sevèral areas for employees to undertake a variety of health and wellbeing activities, acting as a thank you and a legacy of all the hard work that NHS staff members consistently give, especially during the COVID-19 pandemic.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 A Review of our Finances, Achievements and Performance The net assets ofthe Charitable Funds as at 31S1 March 2023 were £796k (2022.. £2,601k). Overall net assets decreased by £1,805k. The Charity continues to rely on donations, legacies and investmenl income as the main sources of income. Total incoming resources of £641 k were down by £436k from the previous year. Overall, expenditure was up on that of the previous year. Of the total expenditure of £2,375k (2022.. £489k} charttablè expenditure on direct charilable activity was £2.293k (2022.. £353k}, this increase in expenditure was a result of funding the Heath and Wellbeing Hub, in addition to supporting a range of programmes. Grants payable to other NHS charities No grants were paid to other NHS charities. Purchase of new equipment New equipment expenditure of £33k12022.' £51kl including the following'.- Two Bladder Scanners To enable our patiènts to bÈ diagnosed on the ward rather than travelling to another area, improving both patient care and patient safety. Two Va otherm Res Su ort Machines with OAM Devices To provide additional ventilatory support to preterm babies. IOPA Pro Standard S stem & 10P1 Trainer S stem £5k To aid patient rehabilitation and hèlp wtth swallowing issues following a stroke. Trust Staff, Welfare and Amenities Trust Staff Education, Wetrrare and Amenities expenditure of £73k, (2022.. £103kl, including the following:_ Outdoorseatin Area for Robinson Ward To provide a decked area for our staff on Robinson Ward to use for their allocated breaks, enhancing their environment, and improving their health and wellbeing. Co orate Massa £5k A complimentsry therapy to redu stress levels and aid performance, providing stsff wfth an opportunty for a short period of downtirne to enjoy a shoulder and back massage. Staff EBike Loan service £4k The scheme provides staff the opportunty to try an electric bike at no cost to them, in the hope of encouraging future purchases, benefiting staff health and the environment. 10
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Patient Welfare and Amenities Patient Welf8re expenditufe of £115k {2022.' £71kl include5 the following-_ Hairdressin Medical Tattooist and Beautician Serylce £16k A service to provide hairdressing, medical tattoos, 2nd a beautician for our inpatients. Provision of Freo Bedside Television £9k Providing our patients access bedside television free of charge during the Queen's jubilee, the Queen's funeiaS, the football World Cup and Euro's competition. Corrffdor Mural for Ni htin ale Ward £7k Artwork enhancing the appearance of thè ward, creating a more welcoming and child friendly environment for our younger patients and their families. Patient Caterin ecialit Da £4k Providing monthly themed snacks to our inpatients to encourage nutrition and so¢ialisation, improving our patient's wellbeing and recovery.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARI ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Perfomiance Management The Charity works closely with the NHS Foundation Trust to identEfy the approprialeness of funding requests. An approval system has been established to ensure the appropriate level of internal control is maintainèd over Charttable Fund expendituie. Fund Managers are authorised to commit expenditure up to £5k on their Charitable Funds providing the Objects" of the fund are met, this is checked by the Charity Director. The Chief Finance OffIr must authorise all expenditure in excess of £5k and up to £15k before any order is placed for goods. Authorisation for proposed expenditure in excess of £15k must be sought from the Charitable Fund Trustèes and above £1 Ook by all Trustees. In cases where expenditure exceeds £25k feedback is required from the Fund Manager as to the benefits to the Trust of the outlay. Investments The Investment policy requires that all moni8s, apart from working capital, be invested in securities or other longer term investments, in order to maximise the overall return consistent with an acceptable level of risk. As a result the bulk of our funds are invosted with CCLA Management Ltd which is a leading investment company, serving charities, churches and local authorities. Monies are invested in the COIF Charities Ethical Investment Fund- Income Units. The performance of the investments is continually monitored and reported on a quarterly basis to the Trustees. The Charity investment policy excludes direct investment in tobacco companies. The charity's investment advisors are appointed by the Trustee via a competitive process every three years. The mmIttee decided in 2020121 that this contract should be r&awarded to CCLA on the basis that the cost of removing the investment and re-investing elsewhere far outweighs any benefts of investing elsewhere. to be reviewed in 2023124. Golng Concern The trustees consider that there are no material uncertainties regarding the Charity's ability to continue as a going concem. There are no material uncertainties affecting the current yearfs accounts. 12
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2023 Statement of Trustees, responsibilities 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 Geneially Accepted Accounting Practice). The law applicable to charities in England and Vvales requires the trustees to prepare finarscial statements for each fin2ncial year which give a Irue and fair view of the slate of affairs of the charity and of the incoming resource5 and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP 2019 {FRS102)', make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable 8ccuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, 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 fortaking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees. Atul Palel MBE Trustee 15 November 2023
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY Independent Examiners Report to the Trustees of Chesterfield Royal Hospltal Charity I report to the charity trustees on my examination of the accounts of the charity for the year St er)ded 31 March 2023 which are set out on pages 15 to 26. Responsibilities and basis of report As the chartty's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examinerfs statement Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that l am qualrfied to undertake the examination because l am a member of the ICAEW, which Is one of the listed bodies. I have completed my examination. I nfirM that no material matters have come lo my attention in ¢onnection with the examination giving me cause to believe that in any material respect: 1. Accounting r8cords were not kept in respect of the charity as required by section 130 of the Act,. or 2. The aOUnts do not accord with those records,. or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation 2008 other than any requirement that the accounls gNe a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. SBladen Simon Bladen FCA Hawsons Chartered Accountants Pegasus House 463a Glossop Road Sheffield. S10 2QD 21 November 2023 14
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Restricted Funds Funds 2023 £000 Total Unrestrieted Funds 2022 £000 Note Funds 2023 £000 2023 £000 Income and endowments from: Donations 8nd legacies Investmellts 567 30 597 1,034 43 44 44 Totsl Income 611 30 641 1,077 Expenditure on: Raising Funds Charitable Activities 182) (2.293) 1821 (2,293) (1361 {353) Total expendtture {2.375) {2,375) 1489) Net Ilossesllgains o investments 1711 {71} 125 Net lexpenditure)lincome other recognised (losses)Igains Net movement in fund5 11,8351 30 (1.805) 713 11,835} 30 {1,8051 713 Recon¢illatlon of Funds Total funds brought forward Total f unds carried fonvard 2.601 2,601 1,888 766 30 796 2,601 15
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY BALANCE SHEET AS AT 31 MARCH 2023 Total Total Funds 2022 £000 Note Funds 2023 £000 Fixed assets Investments 268 1,559 Current A5sgts Debtors Cash at bank and in hand 10 403 136 350 739 539 1,089 Creditors: amounts falling due within one year Net Current Assets Total assets less current Ilabllities 12 (11 528 47 1,042 796 2,601 Net assets 796 2,601 Charity Funds Restricted Funds 30 Unrestricled Funds 766 Total charity funds 14 796 2,601 The financial statements were approved and authorised for issue by the Board on- Signed on behalf of the board of trustees. Name.. dfuLLVfvAC Date.. 15 fw. Lots The notes on pages 1 &26 fom part of these financial statements 16
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY STATEMENT OF CASH FLOWS FOR YEAR ENDED 31 MARCH 2023 Total Funds 2023 £000 Total Funds 2022 £000 Note 13 Cash flow from operatlng actlvlties 11,8671 188 Cash flow from Investing activltles Dividends and interest from investments Proceeds from the sale of investments Purchase of investments Net cash flow from investing activities 44 1,220 43 1,547 (1,547) 43 1.264 {Decreaselllncrea5e in cash and cash equivalents {603) 231 Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 739 508 136 739 17
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 Accounting Policies Basis of preparation The financi21 statements have been prepared on a going ¢oneem basis under the historic cost Convention, w(th the exception of investmen18 which are included * fair value. The accounts {financko1 statements) have been prepared in accordance with th6 Stslemenl of RernMended Practice.. Accounting snd Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Républie of Ireland IFRS 1021 and the Charrties Act 2011 and UK Generalty Actspted Pra¢ti¢e. bl Funds structu Restricted funds are funds which are to be used in acrdanCe with spe¢ifi¢ reslriclions imposed by the donor. Where the restriction requires the gfft to be invested to produce income but the trustees have the powèr to spend the capitsl, it 1$ ¢]assed as expendable endowment. Unffstricted income funds mmprise those funds which the Trustee is free to use for any pUoSe in furtheranc& of the ¢haritable objects. Unreslri¢led inrne funds include designated funds, where the donor has made known their non-binding wishes or where the Trustees, at their discretion, have created a fvnd for a specrfic puryx)se. Incoming resources All incoming resources are re¢ognised once the Charty has entitlem&nt to the resources, it is certain that the resources will be received and the monetsry value of incoming resources can be measured w(th sufficient reliability. d} Incoming resources from legaciès Legacies are accounted for as incoming resources either upon receipt or where il is probable that it will be received. This will be On confirmation has been receNied from the representatwes of the eststelsl tha payment of the legacy will be made or propety transferred and once all conditions attached to the loga¢y have been fU11]ed. Resour¢es expended Grants payable are paymerrts made to third parties lin¢luding NHS bodies) in furtherance of the charitablè objects of the funds. They are accounted for on an accruals basis where the condrftions for their payment have been mèt. Where a third party has a reasonable expectation that they will receive the grant e.g. when an approval h89 been aulhorised and a purchase order has been raised then a provision for that expenditure is Grealed. Contractual arrangemet)Is arè recognised as goj$ or services supplied. IrreGoverdble VAT IrrecDverable VAT is charged against the category of resources expended for whiGh il was incurred. 18
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 gl Allocation of overhead and support costs Support costs are those costs which do not resale lo a single activity. Thes? include some staff costs, costs of adminislralion, interna1 audit ctssts and IT support. Support Costs have been apportioned between fundraising costs and charitable activities on an appropriate basis (see note 41 h} Fundraislng costs The costs of generating funds are those costs attributable to generating income for the ¢harity, oth&r than those costs in¢LJrred in undertaking charitable a¢livilies or the costs incurred in undertaking trading activities in furtherance of th@ charity's objects. The Gosls of generating funds represent fundraising costs together with investment managemenl fees. Charltable a¢tlvlties C051s of charitable activities comprise 811 costs incurred in the pur8uII of the ¢harilable objects of the Charity. These costs comprise direct costs and are categorised in note Flxod asset investments Investments are staled 81 matket value as al the balanee sheet dale. The staterllenl of financial activities includes the net gains and10sses arising on revaluation and disposals throughout the year. Gains and losses on revaluation and disp05als are allocated lo fund balances based on the average daily balance relating lo each fund. kl Realised gains and losses All gains and losses are taken to the Slalemenl of Financial Adivities as they arise. Realised 9ains and losses on investments are calculated as the differen between $81es proceeds and operTring market valije (purchase dale if lalerl. Unrealised gairis and losses are calculated as the drffer¢nce between the market value at the year end and opening market valuè lor purchase dale if later). Tax The Charity is an exempl charity within the meaning ol Schedule 3 of the Charities Act 2011 and is considered lo pass the lesls set out in paragraph 1 schedule 6 of the Finan¢e Aet 2010 and therefore il meets the definition of a charitable company for UK corporation lax purposes. Going Concern After duè consideration Df all relevant factors, the Iruslees havè 8 reasonable expectation that the ¢harity has adequate resou$ to continue In operational existence foT the foreseeable future. Accordingly they continue lo adopt the going con¢ern basis in preparing the financial statements.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 Related Party transactions The patients and stsff of Ch8Sterfield Royal Hospital NHS Foundation TNst are the benefi¢iary of the Charity. The Charity has provided funding to the NHS Foundation Trust for approved expenditure made on beha of the charity. During the year netther the Corporate Trustee nor members of the key management staff or Partiès related to it has Ltndertaken any Material transactions with or received any remuneration or éxpenses from Chesterfield Royal Hospital NHS Foundation Trust Charty. As part of the normal course of business the Charity has made payments lotalling £173k 12022.. £178k} to Chesterfield Royal Hospital NHS FT as Corporate Trijstee of the Charity. Income from donatlons and legacies 2023 £000 2022 £000 Donations received Legacies 422 175 597 678 356 1,034 Donations receDied are from members of the public, relatives of patients and stsff, companies and NHS Charities Together. Income from donations and legacies includes £30k12022-. nil) attributed lo r&stricted funds. The Charty is very grateful lo Wesffield Health, who donated £250k in support of the Health and Wellbeing Hub project. Allocation of Support Gosts and overhèads Once allocation andlor apportionment of ovethead and support costs have been made to Support and Goverftance Costs, the b21an¢e is apportioned across funds on the basis of amounts expended. Charitable Actlvltles 2023 £000 2022 £000 Salaries & lated costs Independent Examination12022 Audit Feèl Other 122 127 128 133 The Charity does not have any employees, all staff ¢osts relate to recharges for time spent on Charitable Funds by staff wholly employed by Chesterfield Royal Hosprtal NHS Foundation Trust. Other than the recharge of support costs and overheads, the Trust or its officersldirectors received no other payments as Corporate Trustaè. Day to day Nnning costs are classed as support costs. Support costs are apportioned to Charitable actrwity proportionate lo expenditure. Other costs incfude Insuran. Will Service F88 and Just Giving Fee. 20
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 Analysis of charitable expenditure Expenditure 2023 £000 Support Costs 2023 £000 Total 2023 £000 Total 2022 £ODO Unrestrlcted Expenditure Patient Welfare and Amenities 115 122 98 Trust Staff Welfare & Amenities 73 77 142 Equipment Inon-capitall 57 Equipment Icapitall 27 29 12 Building and Refurbishment 1.945 115 2.060 128 353 Analysis of grants All grants are made lo the Cheslèrfi&ld Royal H05pilal NHS Foundation Trust and the Corporale Trustee operates a scheme of delatIon, through which all grant funded 8clivily is manag8d by fund managers responsible for thè d8y to day disbursemtrnts on their projects, in accordance with the directions set out by the trustees in the Trust's standing financial instructions and financial procedures. The Charity does not make grants lo individuals. The total cost of making grants is disclosed in the activity analysis on the face of the Statement of Financial Aclivilies. The grants received by the benefieiaries for each category of ¢haritable activity are disc105ed note 5. Governance Costs Gove-. nance costs include the Independent Examiners fee for the year of £5k I(ether with the under provision for 2022 audit fee of £4k. Governan costs are included in support costs in note 5 above. 21
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 Fixed asset investments The Charity has no fixed assets other than fixed asset investments. Movèment in fixed asset Investsnent 2023 £000 2022 £000 Market value brought fornard as at 1 April Add.. Purchases Less= Sales Less.. Nel ILossesllGains on Revaluation 1.559 1,434 1,547 11,547) 125 {1,2201 1711 MaTket value carried forward as at 31 March 268 1,559 Market value of fixed asset investments 2023 £000 2022 £000 COIF Charities Investment fund 268 Total gross income from Investments and cash on deposit 2023 £000 2022 £000 Investment in a Common Deposf( Fund (dividends) 43 10 Debtors 2023 £000 2022 £000 Other debtors 403 350 22
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 11 Cash at bank and in hand 2023 £000 2022 £cioo Current Account and Cash Balance COIF Deposit Account 114 22 136 63S 103 739 12 Credltors 2023 £000 2022 £000 Credltors: amounts falllng due within 1 year Accrual 11 47 13 Reconciliatlon of net lexpenditurellin¢ome to net cash flow from operating a¢tivlti•s 2023 £000 2022 £000 Net lexpendtturellincome for the year 1.8051 713 Lossesllgain51 on Investments Dividends and interest from investments (Increase) in debtors {Decrèasel in creditors Net cash flow from opèrating activities 71 (441 1531 1361 11,867 (1251 1431 (3401 1171 188 23
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 14 Charity Funds Fund Balanoe blhvd £OOOs Incoming Resources Resources Expended Gains Fund and Transfers ILo55es) £OOOs 2023 Fund Balance clfwd £OOOs £OOOs £QOOs £OOOs Restricted Funds NHS CT Development 30 30 Unrestricted Funds General Funcl 1,008 130 13341 1711 15351 198 Cardiac Care Fund 264 11) 264 New Canr Centre 274 21 (2951 Health and Wellbeing Hub Fund 379 281 (1,9521 {4981 Cancer Fund 213 {181 81 280 Diabetic Patients Fund 54 57 111 Breast Cancer Fund 35 60 19) 86 other Funds 374 57 161) 145) 325 2.601 611 12,3751 171) 766 Total Funds 2,601 641 {2.375} 171} 796 The Trustee sel a closing balance greater or equal to £80k as the threshold for reporting material designated funds, this was calculated on 10010 of the total ureStrted funds. Fund Balance bd £OOOs Incoming Resources Resources Expended Gains Fund nd Transfers (Losses) £OOOs Fund Balance clhvd £OOOs 2022 £OOOs £OOOs £OOOs Unrestricted Funds General Fund 338 904 13621 125 1,008 C8rdiac Care Fund 271 171 264 New Can¢er Centre 256 18 274 Health and Wellbeing Hub Fund 403 178) 379 Other Funds 62Q 101 142) {81 676 1,888 1.077 {4891 125 2.601 The Trustee set a closing balance greater or equal to £260k as the threshold for reporting material designated funds, this was calculated on loo of the total unrestiicted funds. 24
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 Description of material charitable funds De5rrlption, nature and purpose of tha Fund Development Grant awarded by NHS Charities Together lo enable the Charity to develop specifi'c ftjndraising projects Restricted Fund NHS CT Development Unrestricted Funds Description, nature and purpose of tha Funds General The Genèral Trust Fund was established for any charitable purpose relating to the NHS wholly or mainly for the services provided by Chesterfield Royal Hospital. The Cardia¢ Care Trust Fund was established April 2015 to combine the four related Cardiac fund5 for the relief Df sickness of patients who are or have been in the Cardiac Gare Unit of Chesterfield Royal Hospital and for promoting the efficient performance of their duties by the staff of that unrt. The N8w Cancer Centre was established in DeTrmber 2015 to allow people to donate specifically for the new NGS Maemillan Unit that was bEing built at the tim8. The Chari18blè Funds Committee decidad in 2023 to ¢ombinp this fund wilh the c3rnr Fund. with some of the balance being transferred into the General Fund. Health and Wèllbeing Hub The HEatth and Wellb8ing Hub Fund was 9$18bli5heLI In 2020 as a designated fund to fa¢ilit8te thè constNction of a dedicated Spa lor stsff mernbeffj of th& Trust The Chief Executives Can(Er Fund was established in July 1 g97 with thè purpose ol promoting the efficient perfottnanTr of their duti&s by the Cancer Servic85 Staff in the NHS Macmi11gn Unit at Chesterfield Royal H05Pltal. The Nledi¢ine and Emergency C3re Diabetic P8tiant's Fund was established in April 2015 with the purpose of promobn9 efficient performan of their duties by the staff looking after our Diabetic Patients. The Surgi¢al SeNces Breast Canr Fund w85 establisled in April 2015 with the purpose of promoting 8ffici•nt perfornian of their duties by the staff of that Dep8rtm8nt. Gardiac Care New Caer Centrè Cancer Fund Diabeti¢ Pabents Fund Breast Cancer Fund 25
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2023 15 Commitments Movement in funding commitments 2023 £000 2022 £000 Opening balance 811 April (see note below) Addrfcional commitments made during the year Cleared commitments IPaidlCancèlled} Closing balance at 31 March (see note below} 1,828 370 152 2,018 344 1.826 165 These commitments will appear as expenditure in the accounts for the year ended 31 March 2024. Unrestricted £000 Complimentary Therapy Services for people affected by Canr Health and Wellbeing Hub Accessible Project Urgent and Emergenw Care Development- Ariwork Bladder Scann8r Ctsmmilments for Projects1<£1 k) The Swan Scheme, End of Lrfe Care Redecoration of Neonatal Corridor, Entrance and Famity Room Upgrade of Eastwood Ward Day Rc)om Equipment for Stoma Education Bereavement Leaflets and Condolence Cards Refurbishrnent of the QLJIÈI Room in Surte 1 Two Cameras for the Maxillofacial Department Coffee Machine for the Mammography Department Weekly Seated Dance Class for people affected by Canr Equipment for the Hospital's Chapel Women's Health Support Package for Trust Colleagues Corporate Massage Sessions Picc Line Covers Total Commitments 49 29 16 15 165 The Charty recognises liabilities in the accounts once they have incurred either a legal or ¢onstructive obljgalion to expend funds. 26