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 2024
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY YEAR ENDED 31ST MARCH 2024 CONTENTS: Trustees Report Pages 1-13 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 12 Page 13 Foreword Referen and Administrative Details Structure, Governance and Management Terms of Reference Risk Management Partnership working and Networks Annual Review Reserves Policy and Our Future Plans Review of Finan Achievement and Performan Performan Management Statement of Trustees, Responsibilities Independent Examinerfs Report Page 14 Financial Statements Page 15-27 Page 15 Page 16 Page 17 Page 18 statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL GHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Foreword The Corporate Trustee presents the Charitable Funds Annual Report together with the Financial Statements for the year ended 31 March 2024. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Apted Practi. The Charity has a Corporate Trustee: the Chesterfield Royal Hospital NHS Foundation Trust. The members of the NHS Foundation Trust Board who served during the financial year were as follows.. Executive Directors Dr Hal Spencer Michelle Veitch Steven Heppinstall Kevin Sargen Caroline Wade Krishna Kallianpur Jon Cort Chief Executive Chief Operating OffIr Executive Director of Finan, Improvement and Transformation Medical Director Director of Human ReSoUrS and Organisational Development Director of Nursing and Patient Care Chief Digital Officer Non - Executive Directors Dr Helen Phillips Mahmud Nawaz Dr Jeremy Wright John Sommers Paul Wood Jayne Stringfellow Sue Glew Keith Nurcombe Atulkumar Patel MBE Nora Senior lan Ailles Chair (until 3110112024) Chair (commencing 0110212024) Non-Executive Director (until 3110712023) Non-Executive Director (commencing 0110812023) Non-Executive Director (commencing 0110812023) Non-Executive Director and Senior Independent Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director The Charitable Funds are registered with the Charity Commission (No 1052913) in accordance with the Charities Acts 2011.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 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 Chartties on 10th October 1995. Further to the change to Foundation Trust Status a Supplemental Deed of Declaration was made on the 15 September 2005 changing the title to Chesterfield Royal Hospital NHS Foundation Trust. As at 31 March 2024 the Charity is constituted of 19 individual funds and the notes to the accounts distinguish the types of fund held and disclose separately all material funds. Charitable funds received by the Charity are accepted, held and administered as funds held on trust for purposes relating to the health service in accordance with the National Health Service Act 2006 and the Health and Social Care Act 2012 and these funds 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 applicable to 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 comrnittee which administers the funds on behalf of the Corporate Trustee. This committee was formed following the transfer of funds from North Derbyshire Health Authority by Statutory Instrument in 1993. The names of those people who served on the Charitable Funds Committee and therefore acted as agents for the Corporate Trustee, as permitted under regulation 16 of the NHS Trusts (Membership and Produre5) Regulations 1990 were as follows: Atulkumar Patel MBE Steven Heppinstall Dr Helen Phillips Jayne Stringfellow Non-Executive Director Executive Director of Finance. Improvement and Transformation Non-Executive Director (until 3110112024) Non-Executive Director and Senior Independent Director (commencing 0110212024) Principal Charitable Fund Advisers to the Board The Executive Director of Finance, Improvement and Transfomiation 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 eXs$ of £5k using his delegated authority. Expenditure in eX$S of £15k rnust be approved by the Charttable Funds Committee and expenditure in excess of £100k rnust be approved by all Trustees. The Charity Director, Ken Godber acted as Secretary to the Charitable Funds Committee until 3110712024 and personally approved, on behalf of the Corporate Trustee. all expenditure under £5k using his delegated authortty. From 0110812024 this role has been Carried out by the Executive Director of Finance, Improvement and Transformation. Anthea Sharratt, Head of Financial ServIs acted as the Principal Offir, overseeing the day to day financial management and accounting for the Charitable Funds. The Charity does not have any employees, all staff costs relate to recharges for time spent on Charitable Funds by staff wholly employed by Chesterfield Royal Hospttal NHS Foundation Trust.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Principal Office The principal office for the Charty is: Finance Department Chesterfield Royal Hospital NHS Foundation Trust Top Road Calow Chesterfield Derbyshire S44 5BL Principal Professional Advisers Bankers Lloyds Bank plc 27 Market Place Chesterfield Derbyshire S401PN Solicitors Beachcroft LLP 7 Park Square East Leeds LS1 2LW Independent Examiner Hawsons Chartered Accountants Pegasus House 463a Glossop Road Sheffield S102QD Investment Advisers CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ Structure, Governance and Management The Charity's unrestricted General Fund was established using the model declaration of trust and all funds held on trust as at the date of registration 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 accordan with the objects of each fund and by designating funds. The Trustee respects the wishes of our generous donors to benefit patient care and advance the good health and welfare of patients, carers and staff. The Charitable 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 restricted fund or an endowment fund. For exatnple, there are Charitable Funds for Medicine and Emergency Care, which includes a General Fund, Cardiac Care, Diabetic Patients. Stroke Patients and Haematology. The Charitable funds within Surgical Services include the General, Breast Care, Stoma Care, Maxillofacial, 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 the Trust Board and Charitable Funds Committee are not individual trustees under Charity Law but act as agents on behalf of the Corporate Trustee.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 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 Committee tems of reference, trustee annual report and accounts and the policies and priorities of the Charity. In addition information is given about trusteeship. 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 Trust Board. The Committee: _ 1) Receive the governing document of any newly registered fund for adoption. 2} Receive recommendation for existing funds in respect of rationalising such funds or increasing the number of funds" 3) Receive reports showng the income and expenditure position of the Charity", requests for expenditure, also details of legacies and donations. In addttion the Committee will receive formal feedback for expenditure in eXsS of £25k" 4) Refer all requests for expendtture in excess of £100k to all board members for approval" 5) Review a statement of balances held and commitments. ensuring where balanS are held, that they can be justified in line with the reserves policy" 6) Receive reports on any irregularities in respect of fundraising or other matters. 7) Be responsible for formulation of investment policies, the appointment of an investment advisorlbroker and for participation in any common investrnent funds" 8) Receive reports reviewing investment perfornian. 9) Re]ve 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 intemal audit reports relating to Charitable Funds. The accounting records and the day-to-day administration of the fvnds are dealt with by the Finance Department located at Chesterfield Royal Hospital NHS Foundation Trust. Top Road, Calow, Chesterfield S44 5BL.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Risk Management The Charity has a risk 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 that they are responsible for the Charity's investment and cash assets. The Board of the NHS Foundation Trust meets separately when acting as Trustee of the Charity, demonstrating clear separation and autonomy of governance. meeting fonnally 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 decisions made outside of the Committee are made by a Quorum and minutes are included in the following Committee meeting. A Quorum is any two members of the commjttee. The Committee regularly reviews the activities of the Charity and assesses the major risks to which the Charity is potentially 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 detect trends as part of the risk management process to avoid unforeseen calls on reserves. The board members have formally set a limit on expenditure of £100k, above which its decision is required" other lower financial limits are set out formally in the Trust's Financial Procedures as follows= Expenditure below £5k can be aLrthorised by the Fund Manager and Charity Director. Expenditure between £5k and £15k requires authorisation from the Executive Director of Finance, Improvement and Transformation. Expenditure in excess of £15k requires approval from the Charitable Funds Committee. Investments are monitored and trends compared to national indiS to highlight any unexpected movements. As a minimum the Committee meets annually with its investment advisors to review the perf0rrnan of its investment portFolio. The Charity's accounts are subject to an Independent Review and financial prOdureS 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 politically driven decisions. The trustees have identified this as a risk as it may mean initiatives or healthcare activities supported by the Charity 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 2024 Partnership Working and Networks The patients of Chesterfield 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 Trust, the Charitable Funds are used to best effect. When deciding upon the most beneficial way to use the Charitable Funds, the Corporate Trustee has regard to the main activities, objectives, strategies and plans of the Charity. Objectives and Strategy The Charity objecttves (as stated within the registration with the Charity Commission) are as follows: For any chartiable purpose or purposes relating to the National Health Service wholly or mainly for the services provided by Chesterfield Royal Hospital NHS Foundation Trust. The purpose of every charity is to provide 'public benefit. and each charity must demonstrate how these requirements are met through their aims and activities. The focus of our activities as described below is to benefit the staff and public who use the services of Chesterfield Royal Hospital NHS Foundation Trust. The operating objectives of the CharFty are as follows: Ensure that funds are spent in accordance with the objects of each fund, and in line with the Reserves Policy which states that Fund Managers should not hold fund balances in eXsS of two 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 reIptIng of donations and legacies and ensure that they are correctly designated to the relevant fund in line with the donor's wishes. To effectively manage cash flow, ensuring there are sufficient liquid funds to meet expenditure requirements. Making our vision happen involves all our partners, 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, Financial Services Dept., Chesterfield Royal Hospital.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Annual Review: Our Activities Donations to the charity have continued to support a wide range of charitable and health related activities for public benefit. in respect of both patients and staff. In general, they are used to purchase the very varied additional goods and ServIS that NHS funding does not cover. Overall, we have made grant payments totalling £174k, detailed on page 10 and 11. to benefit our patients and staff. Other activities include the following: Artwork for the Trust's new Ur ent and Emer enc Care De artment £13k Artwork to create an interesting and pleasant environment for our patients in the new Emergency Department Patient Christmas Presents Providing our Patients who are in hospital over the festive period with a gift, improving their experience. Seated Dance Classes for Peo le Affected b a Cancer Dia nosis Providing our patients and their families with the opportunity to exercise, improving their sense of wellbeing, emotional health and self-confidence. Grant Making Policy Grants are normally made from the Charity's unrestricted funds - our funds comprise three potential elements. Firstly the General Charitable Fund (unrestricted) which is constrftuted of donations and legacies received by the Charity where no particular preferen as to its 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 Gontain donations and legacies where a particular part of the Hospital or activity was nominated by the donor at the time their donation was made. Mhilst their nomination is not binding on the Trustee, every effort is made to ensure the donor wishes are met. The designated funds are overseen by Fund Managers who make recommendations on how to spend the money within their designated area. These recommendations are considered and approved by the Trustees in line with the delegated authorities, as detailed on page 6 of this report. The third element 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 2024 Reserves Policy The Trust reserves policy states that Fund Managers should not hold fund balances in eXsS of two years average income without justification. Adherence 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 future plans for expenditure on the fund. The year-end level of free resenies of £1,147k (undesignated funds of £1.242k less grant commitments of £95k) equates to 1.7 years average income. The Char-ttable Fund Committee has considered Fund Managerfs expenditure plans to ensure they are satisfied that funds are not being held without justification. The Committee is keen to maintain a level of balances under 2 yearfs average income where possible. We will be working to make more contribution to the Hospital during the next year to maintain reserves in line with the policy. Our Future Plans The Chesterfield Royal Hospital NHS Foundation Trust General Charity has not only ambition for the future but a sharpened focus on achieving this through effective plans thanks to a revised Charity Fundraising and Engagement Strategy, developed by the Trust's Communications Service with wider reaching engagement. This will be launched in 2024-25 and will demonstrate how engagement, consistent and co-ordinated activity will maximise the impact of the Charity. With wider political, social, economic and technical adVanS effecting the health and care sector, the Charity will also need to continue to be responsive and positive to this dynamic environment. The Charity has a long-standing commitment to support the Trust in all its strategic priorities. and ultimately providing eXptIOnal patient care. This will continue. together with greater understanding and awareness of our market and the opportunities open to us. The Charity has committed £95k in future spending to help make the experience of staff 2nd patients more posttive, the details of these commitments can be found in Note 15 on page 27 of the accounts. With direct connection and support from the Communications Seniice, a new post has been established to support and increase all planned activities,. The Fundraising and Engagement Lead, expected to commence in early 2025, will deliver the aforementioned Fundraising and Engagement Strategy.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 A Review of our Finances, Achievements and Performance The net assets of the Charitable Funds as at 315t March 2024 were £1,272k (2023: £796k). Overall net assets increased by £476k. The Charity continues to rely on donations, legacies and investment income as the main sources of income. Total incoming reSoUrS of £668k were up by £27k from the previous year. Overall, expenditure was down on that of the previous year. Of the total expenditure of £229k (2023: £2,375k) charitable expenditure on direct charitable activity was £223k (2023.. £2,293k). Grants payable to other NHS charities No grants were paid to other NHS charities. Purchase of new equipment New equipment expenditure of £20k (2023.- £33k) including the following: Three Recliner Chairs for Robinson Ward £8k To enable our patients to access appropriate chairs to prevent being nursed in bed for extended periods, improving general health and to prompt post operative mobilisation. Bladder Scanner for Durrant Ward £8 To enable our patients to be diagnosed on the ward rather than travelling to another area, improving both patient care and patient safely. Two Cameras for Maxillofacial De artment To help support the Keep Britain Smiling campaign, the primary focus of the team is to improve the dental health of children, teenagers and young adults in the area. The purchase of these two cameras was the result of active fundraising by the department. Trust Staff, Welfare and Amenities Trust Staff Education, Welfare and Amenities expenditure of £36k, (2023: £73k), including the following: Counsellin Su ort to Theatres and Critical Care 14k To help improve work related stress for staff groups particularly affected by trauma and change during the Covid Pandemic. Staff Ebike Loan Service £4k The scheme provides staff the opportunity to try an electric bike at no cost to them, in the hope of encouraging future purchases, benefiting staff health and the environment. Women's Health Su ort Packa Providing drop-in sessions to enable staff to develop a support network" fruit, snacks, drinks and free sanitary products have been provided for colleagues struggling with cost of living. 10
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Patient Welfare and Amenities Patient Welfare expenditure of £118k (2023: £115k) includes the following'.- Hairdressin Medical Tattooist and Beautician Service A service to provide hairdressing.. medical tattoos, and a beautician for our inpatients. Com limenta Thera Services for eo le affected b Cancer £15k Provision of complimentary therapies to assist with physical, emotional and psychological symptoms of cancer to promote relaxation and to improve wellbeing for our patients. The Swan Scheme £9k Enabling the Trust to add little touches that make such a difference to patients and their families during end of life care", handprint kits, memory boxes, and books to support children's understanding. Wall Art and Travel Mu s for our Dischar e Loun £4k Providing wall art for a pleasant environment for our patients whilst in the Discharge Lounge and travel mugs to allow a safe transit of hot drinks.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Performance Management The Charity works closely with the NHS Foundation Trust to identify the appropriateness of funding requests. An approval system has been established to ensure the appropriate level of internal control is maintained over Charitable Fund expenditure. 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 Executive Director of Finance, Improvement and Transformation, who also 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 Trustees and above £1 Ook by all Trustees. In cases where expenditure eXedS £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 monies. 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 invested with CCLA Management Ltd which is a leading investment company, serving charities. churches and local authorrties. 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 prOsS every three years. The committee decided in 2023124 that this contract should be re-awarded to CCLA on the basis that the cost of removing the investment and re-investing elsewhere far outweighs any benefits of investing elsewhere, to be reviewed in 2026127. Going Concern The trustees consider that there are no material unrtaintieS regarding the Charity's ability to continue as a going cOnrn. There are no material UnrtaIntieS affecting the current year's accounts. 12
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2024 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 Generally Accepted Accounting Practi). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to" 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" 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 accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees. Atulkumar Patel MBE Trustee
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY Independent Examiners Report to the Trustees of Chesterfield Royal Hospital Charity I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 St March 2024 which are set out on pages 15 to 27. Responsibilities and basis of report As the charity'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 examineVs statement Since the charity's gross income exceeded £250,000 your examiner must be a rnember of a body listed in section 145 of the Act. I confirm that l am qualified 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 confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1. Accounting records were not kept in respect of the charity as required by section 130 of the Act" or 2. The accounts do not accord with those records,. or 3. The accounts do not comply with the applicable requirements conrning the form and content of accounts set out in the Charities (Accounts and Reports} Regulation 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no COnmS 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 17 January 2025 14
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Note Unrestricted Funds 2024 £000 Restricted Funds 2024 £000 Total Funds 2024 £000 Total Funds 2023 £000 Income and endowments from: Donations and legacies Investments 659 659 597 Total income 668 668 Expenditure on: Raising Funds Charitable Activities Total expenditure (6) (223) (229) (6} (223) (229) (82) (2,293) (2,375) Net gainsl(losses) on investments Net incomel(expenditure) Net movement in funds 37 37 (71) 476 476 (1,805) (1,805) 476 476 Reconciliation of Funds Total funds brought forward Total funds carried forward 766 30 796 2,601 796 1,242 30 1,272 15
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY BALANCE SHEEf AS AT 31 MARCH 2024 Total Funds Total Funds 2023 £000 Note 2024 £000 Fixed assets Investments 555 268 Current Assets Debtors Cash at bank and in hand 10 370 355 403 136 725 539 Creditors: amounts falling due within one year Net Current Assets Total assets less current liabilities 12 717 528 1,272 796 Net assets 1.272 796 Charity Funds Restricted Funds 30 30 766 Unrestricted Funds 1,242 Totsl charity funds 14 796 The financial statements were approved and authorised for issue by the Board on: Signed on behalf of the board of trustees. Date: If kn2[ZS The notes on pages 1 &27 form part of these financial statements 16
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY STATEMENT OF CASH FLOWS FOR YEAR ENDED 31 MARCH 2024 Total Funds 2024 £000 Total Funds 2023 £000 Note 13 Cash flow from operating activities 460 (1,867) Cash flow from investing activities Dividends and interest from investments Proceeds from the sale of investments Purchase of investments Net cash flow from investing activities 1,220 (250) (241) 1,264 Increasel{Decrease) in cash and cash equivalents 219 (603) Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 136 739 11 355 136 17
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 Accounting Policies Basis of preparation The financial statements have been prepared on a going concem basis under the historic cost convention, with the exception of investments which are included at fair value. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice" Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2011 and UK Generally Accepted Practice. b) Funds structure Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor_ Where the restriction requires the gift to be invested to produce income but the trustees have the power trj spend the capital, it is classed as expendable endowment. Unrestricted income funds comprise those funds which the Trustee is free to use for any purpose in fijrtherance of the charitable objects. Unrestricted income funds include designated funds, where the donor has made known their non-binding wishes or where the Trustees, at their discretion, have created a fund for a specific purpose. Incoming resources All incoming resourtrs are reGognised once the Charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. d) Incoming resources from legacies Legacies are accounted for as incoming resources either upon receipt or where it is probable that it will be received. This will be once confinnation has been received from the representatives of the estate(s) that payment of the legacy will be made or propety transferred and On all conditions attached to the legacy have been fulfilled. Resources expended Grants payable are payments made to third parties (including NHS bodies) in furtherance of the charitable objects of the funds. They are accounted for on an accruals basis where the conditions for their payment have been met. Where a third party has a reasonable expectrdtion that they will receive the grant e.g. when an approval has been authorised and a purchase order has been raised then a provision for that expenditure is created. Contractual arrangements are recognised as goods or services supplied. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for which it was incurred. 18
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL GHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 g) Allocation of overhead and support costs Support costs are those costs which do not relate to a single activity. These include some staff costs, costs of administration. intemal audit costs and IT support. Support costs have been apportioned beeen fundraising costs and charttable activities on an appropriate basis (see note 4} h) Fundraising costs The costs of generating funds are those costs attributsble to generating income for the charity, Other than those costs incurred in undertaking charitable activities or the costs incurred in undertaking trading activities in furtherance of the charity's objects. The costs of generating funds represent fundraising costs together with investment management fees. Charitable activities Costs of charitsble activities comprise all costs incurred in the pursuit of the charitable objects of the Charity. These costs comprise direct costs and are categorised in note i) Fixed asset investments Investments are stated at market value as at the balance Sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. Gains and losses on revaluation and disposals are allocated to fund balances based on the average daily balan relating to each fund. k) Realised ga(ns and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference beeen sales proceeds and opening market value (purchase date if later>. Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later). Tax The Charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in paragraph 1 schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Going Concern After due consideration of all relevant factors, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future_ Accordingly they continue to adopt the going conrn basis in preparing the financial ststements. 19
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 Related Party transactions The patients and staff of Chesterfield Royal Hospital NHS Foundation Trust are the beneficiary of the Charity. The Charity has provided funding to the NHS Foundation Trust for approved expenditure made on behalF of the charity. During the year neither the Corporate Trustee nor members of the key management staff or parties related to it has undertaken any material transactions with or received any remuneration or expenses from Chesterfield Royal Hospital NHS Foundation Trust Charity. An agreement has been reached that as part of the normal course of business the Charity has made payments totalling £10k {2023.' £173k) to Chesterfield Royal Hospital NHS FT in respect of payroll costs as Corporate Trustee of the Charity. Income from donations and legacies 2024 £000 2023 £000 Donations received Legacies 217 442 659 422 175 597 Donations received are from members of the public, relatives of patients and staff, companies and NHS Charities Together. Donations 2nd legacies received in 2023 include £30k of restricted funding Total gross income from investments and cash on deposit 2024 £000 2023 £000 Investment in a Common Deposit Fund Dividends received Interest received 43 20
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 Allocation of Support costs and overheads Once allocation andlor apportionment of overhead and support costs have been made to Support and Governance Costs, the balance is apportioned across funds on the basis of amounts expended. Charitable Activtties 2024 £000 2023 £000 Salarie5 & related costs 122 Independent Examination Other 16 128 The Charity does not have any employees, all staff costs relate to recharges for time spent on Charitable Funds by staff wholly employed by Chesterfield Royal Hospital NHS Foundation Trust_ Other than the rech2rge of support costs and overheads. the Twst or tts officersldirectors received no other payments as Corporate Trustee. Day to day running costs are classed as support costs. Support costs are apportioned to charitable activity proportionate to expenditure. Other costs include Insurance. Will servi Fee and Just Giving Fee. Analysis of charitsble expendÉture Expenditure 2024 £000 Support Costs 2024 £000 Total 2024 £000 Total 2023 £000 Unrestricted Expenditure Patient Welfare and Amenities 118 11 129 122 Trust Staff Welfare & Amenities 36 40 77 Equipment (non-capital) 12 13 Equipment (capital) 29 Building and Refurbishment 29 32 2,060 203 20 223 2,293 21
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 Analysis of grants All grants are made to the Chesterfield Royal Hospital NHS Foundation Trust and the Corporate Trustee operates a scheme of delegation, through which all grant funded activity is managed by fund managers responsible for the day to day disbursements on their projects. in accordance with the directions set out by the trustees in the Trust's standing financial instructions and financial proGedures. The Charity does not make grants to individuals. The total cost of making grants is disclosed in the activity analysis on the face of the Statement of Financial Activities. Governance Costs Governance costs include the Independent Examiners fee for the year of £5k. Governance costs are included in support costs in note 6 above. Fixed asset investments The Charity has no fixed assets other than fixed asset investments. Movement in fixed asset investment 2024 £000 2023 £000 Market value brought fOard as at 1 April Add.. Purchases Less.. Sales Less.. Net Gainsl(Losses) on Revaluation 268 250 1,559 (1,220} (71) 37 Market value carried forward as at 31 March 555 268 Market value of fÉxed asset investments 2024 £000 2023 £000 COIF Charities Investment fund 555 268 10 Debtors 2024 £000 2023 £000 Other debtors 370 403 22
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 11 Cash at bank and in hand 2024 £000 2023 £000 Current Account and Cash Balance COIF Deposit Fund 324 31 355 114 22 136 12 Creditors 2024 £000 2023 £000 Creditors: amounts falling due within l year Accruals 13 Reconciliation of net incomel{expenditure) to net cash flow from operating activities 2024 £000 2023 £000 Net incomellexpenditure) for the year 476 (1.805) Gainsl(losses) on investments Dividends and interest from investments Decrease in debtors (Decrease) in Greditors Net cash flow from operating activities (37) (91 33 (31 460 71 (441 (53) (36) (1,867) 23
GHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL GHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 14 Charity Funds Fund Balance blfwd £OOOs Incoming Resources Resources Expended Gains Fund and Transfers (Losses) £OOOs Fund Balance cjfwd £OOOs 2024 £OOOs £OOOs £OOOs Restricted Funds NHS CT Development 30 30 Unrestricted Funds General Fund 198 180 (103) 37 (148) 164 Cardiac Care Fund 264 (2) 262 Health and Wellbeing Hub Fund (now closed) Cancer Fund (498) 51 (29) 476 280 24 (35) 259 Diabetic Patients Fund 111 111 Breast Cancer Fund 86 (11) 86 Other Funds 325 402 (49) {328) 350 766 668 (229) 37 1,242 Total Funds 796 668 (229) 37 1.272 24
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 14 Charity Funds (continued) Fund Balance blfwd £OOOs Incoming Resources Resources Expended Gains Fund and Transfers (Losses) £OOOs Fund Balance clfwd £DOOs 2023 £OOOs £OOOs £OOOs Restricted Funds NHS CT Development 30 30 Unrestricted Funds General Fund 1,008 130 (334) (71) (535) 198 Cardiac Care Fund 264 (1) 264 New Cancer Centre (fund now closed) 274 21 (295) Health and Wellbeing Hub Fund 379 281 (1,952) 794 (498> Cancer Fund 213 (18) 81 280 Diabetic Patients Fund 54 57 111 Breast Cancer Fund 35 60 {9) 86 Other Funds 374 57 {61) {45) 325 2,601 611 (2,375) (71} 766 Total Funds 2,601 641 (2,375) (71) 796 Description of material charitable funds Restricted Fund Description, nature and purpose of the Fund NHS CT Development Development Grant awarded by NHS Charities Together to enable the Charity to develop specific fundraising projects Unrestricted Funds Description, nature and purpose of the Funds General The General Trust Fund was established for any charitable purpose relating to the NHS wholly or mainly for the services provided by ChesteTfield Royal Hospital. Cardiac Care The Cardiac Care Trust Fund was established in April 2015 to combine the foul related Cardiac funds for the relief of sickness of patients who are or have been in the Cardiac Care Unit of Chesterfield Royal Hospital and for promoting the efficient performance of their duties by the staff of that unit. 25
GHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 14 Charity Funds (continued) New Cancer Centre The New Cancer Centre was established in December 2015 to allow people to donate specÉfically for the new NGS Macmillan Unit that was being buitt at the time. The Charitable Funds Committee decided in 2023 to combine Ihis fund wtth the Canr Fund. The New Canr Centre Fund was then dosed. Hèalth and Wellbeing Hub The Health and Wellbeing Hub Fund was established in 2020 as a designated fund to facilitste the construction of a dedicated space for staff members of the Trust. The final deficit fund balan was restored via a transfer of funds from the general reserve. The fund is now closed. Cancer Fund The Chief Executtves Canr Fund was established in July 1997 with the purpose of promoting the efficient performance of their dub.es by the Cancer SeNi¢es staff in the NHS Macmillan Unlt at Chesterfield Royal HospÈtal. Diabetic Patients Fund The Medicine and Emergency Care Diabetic Patienf s Fund was established in April 2015 wth the purpose of promoting efficient perfomance of their dulles by the staff looknng after our Diabetic Patients. Breast Canr Fund The Surgic21 Services Breast Cancer Fund was established in April 2015 with the purpose of promoting efficierrt perfonnance of their duties by the staff of thal DepartmenL 26
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 15 Commitments Movement in funding commitments 2024 £000 2023 £000 Opening balance at 1 April 2023 Additional commitments made during the year Cleared commitments IPaid/Cancelled) Closing balance at 31 March 2024 (see note below) 165 153 223 95 1,826 370 2,031 185 These commitrnents will appear as expenditure in future years Unrestricted £000 Complimentary Therapy Services for people affected by Cancer Upgrade of Eastwood Ward Day Room Commitments for Projects (<£1k) Medical Tattooing Inpatient Beauty SeNice Patient Christmas Presents Accessible Project Slimming World Vouchers Sensory Distraction Equipment for CT Support Group for people affected by Cancer Counselling Support to Theatres and Critical Care Urology Support Group Total Commitments 34 12 95 The Charity recognises liabilities in the accounts On they have incurred either a legal or constructive obligation to expend funds. 27