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2022-03-31-accounts

Essex Partnership University NHS Foundation Trust Charities

Annual Report and Accounts 2021-22

Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

Note No: Page No:
SECTION A
Charity Information (i)
Annual Report of the Trustees for the year (ii) - (viii)
ended 31 March 2022
Statement of Trustees’ Responsibilities (ix)
Independent Examiners’ Statement (x) – (x)
SECTION B
Foreword to the Accounts 1
Statement of Financial Activities 2
Balance Sheet 3
Statement of Cash Flow 4
Accounting Policies 1 5-8
Analysis of Donations 2 8
Analysis of Income from Other Trading Activities 3 8
Analysis of Income from Investment 4 8
Analysis of Expenditure on Charitable Fund
Activities 5 9
Analysis of Support Cost by Type 5.1 9
Analysis of Support Cost by Activities 5.2 9
Gain and Losses on Investments Revaluation 6 9
Fixed Assets Investments 7 10
Changes in Fixed Assets Investments 7.1 10
Analysis of Fixed Assets Investment by
Investment Manager 7.2 10
Analysis of Receivables due with one year 8 11
Analysis of Short term investments & deposits 9 11
Analysis of Cash and Cash Equivalents 10 11
Net Cash Flow from Operating Activities 10.1 11
Reconciliation of Net Income/(Expenditure) to 10.2 11
Net Cash Flow from Operating Activities
Analysis of Creditors 11 12
Reconciliation of Funds Balance at 31 March 12 12
2022
Trustee and Related Party Transactions 13 13
Trustees Remuneration and Benefits 14 13
Staff Cost and Other Benefits 15 13
Contingencies 16 13
Commitments, Liabilities and Provisions 17 13
Post Balance Sheet Events 18 13

Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

CHARITY INFORMATION

Name: Essex Partnership University NHS Foundation Trust Charities
Trustees: The Board of Directors of Essex Partnership University NHS
Foundation Trust
Charity Number: 1053793
Charity Offices: Essex Partnership University NHS Foundation Trust
Head Office
The Lodge
Lodge Approach
Runwell
Wickford
Essex SS11 7XX
Independent Ernst & Young LLP
Examiners: 400 Capability Green
Luton
LU1 3LU
United Kingdom
Bankers: Lloyds Banking Group
34 High Street
Grays
Essex
RM17 6LX
Investment Brokers: BlackRock Investment Manager (UK) Ltd
33 King William Street
London EC4R 9AS
M&G Securities Limited
Laurence Pountney Hill
London EC4 0HH
CCLA Investment Management
80 Cheapside
London EC2V 6DZ

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

1. INTRODUCTION

The Essex Partnership University NHS Foundation Trust Charities (referred to as the Charity for the purpose of this document) was renamed from the legacy organisations name (South Essex Partnership University NHS Foundation Trust Charity) on the 1[st] April 2018, as a result of the merger of the former North Essex Partnership University NHS Foundation Trust and the South Essex Partnership University NHS Foundation Trust and their associated Charities.

The purpose of this report is to inform users of the accounts on the structure, policy and objectives, and governance arrangements of the Charity. The report also covers funding arrangements and a high level financial review for the year.

2 . GOING CONCERN

These accounts have been prepared on the basis that the Charity is a going concern. This means that the assets and liabilities of the Charity reflect the ongoing nature of the Charity’s activity.

3 . SCOPE

The objective of the Charity is that the funds are made available to benefit the patients and staff of the Essex Partnership University NHS Foundation Trust (the Trust), or for any other NHS organisations on behalf of whom the Trust administers funds.

The Charity is sub-divided into a number of linked funds, each of which has a specific purpose and this determines the type of expenditure that can be incurred. Each linked fund is further broken down into smaller funds which are assigned an individual fund number. Each fund has a designated fund manager who is responsible for approving expenditure against the fund, monitoring fund levels and co-ordinating fund raising activities where appropriate in accordance with the scheme of delegation.

4 . OBJECTIVES AND STRATEGY

The objective of the Charity during the current and future years is to support the needs of patients and staff of the Trust, in improving standards of care and facilities, within the scope of provision included above.

In seeking to achieve the Charity’s objective, the Charity actively encourages donations and fundraising.

5. FUNDS

Unrestricted funds are those which are not subject to any specific restriction, but can be used in accordance with the general purpose of the Charity, to improve standards of care and facilities for patients and staff within the scope of the Charity.

Restricted funds are funds which are subject to specific restrictions, over and above the general purpose of the Charity.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

6. STRUCTURE AND GOVERNANCE

The charitable trust, which is an umbrella Charity, is an unincorporated body, with each separate restricted and unrestricted fund within the charitable trust being governed by its own model declaration of trust. The model declaration of trust sets out the specific or general purpose of the fund by way of its objects. This structure enables donations received into the restricted funds to be used for the purpose intended by the donors and those donations given for general purposes to be controlled.

The Charitable Funds Committee has delegated authority from the Board of Directors to approve applications for funds up to £10,000 in accordance with agreed criteria and the Charities objects. This Committee is overseen and monitored by the Board of Directors. The Corporate Trustee for the Charity is the Essex Partnership University NHS Foundation Trust, with responsibility for the management of the Charity undertaken by the Board of Directors. Any provision for training and induction of Trustees is therefore covered under the ongoing requirement of the Board of Directors.

7 . RESERVE POLICY

Fund managers are encouraged to use the funds available to them. The Trustees aim to ensure the value of the overall fund value is maximised in line with the Investment Policy and will ensure that the capital value of endowment funds are maintained in perpetuity. The funds will continue to be used to improve the standards of care and facilities provided to patients and staff.

8 . INVESTMENT POLICY

The Charity has an investment policy which aims to achieve a split of funds between investment in the unit trust and deposit style investments. This is maintained in order to meet the spending plans of the organisation. This also provides detail around the Charities corporate, social and ethical responsibilities in terms of where investments are made.

Funds are currently invested with the following investment managers:

BlackRock Investment Management M&G Securities Ltd CCLA Investment Management

The Committee is responsible for reviewing and updating this Investment Policy on a regular basis.

9 . RISK STATEMENT

The risk to the Charity is that equity investments may be adversely affected by a material fall in stock market values. The Committee will continue to monitor risks at its meetings, and obtain professional advice where appropriate with respect to its investments.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

10 . FUNDING

Income is received from direct contributions from the public, in addition to income from dividends and interest receivable. In addition funds are generated from fund raising activities. During 2021/22, the Trust received £47,000 in grants, £42,000 from NHS Charities Together and £5,000 from the Essex Association of Local Councils.

Each fund receives a proportion of dividends and interest received from the investments in accordance with the average fund value during the year. This basis of apportionment is also applied to capital losses/gains, administration expenses and the management fees of the investment managers. The Committee consider this apportionment equitable.

The investments are made in accordance with the Trustee Act of 2000. The investment advisers have been instructed to exclude any direct investment in the tobacco industry, as this is considered inappropriate for an NHS Charity.

The Charity also follows the 2017 Money Laundering, Terrorist Financing and Transfer of Funds Regulations which came into force on the 26 June 2017 (superseding the 2007 Regulations). These regulations aim to ensure that there are robust arrangements in place to ensure incoming resources, especially cash donations, are not the proceeds of crime.

11 . FINANCIAL REPORT FOR THE YEAR

The attached accounts give full details of the income and expenditure for the year and the value of the assets and liabilities at the year end. The information below is given to supplement these formal accounts.

The value of the Charitable Funds as at 31 March 2022 was £1,140,000 (2020/21: £1,040,000). The net movement in value is an increase of £100,000 (2020/21: £164,000) which was attributable to;

  1. Unrealised gain on investment which amounted to £76,000 (2020/21: £184,000)

  2. Total expenditure of £95,000 (2020/21: £259,000)

  3. Total income of £119,000 (2020/21: £239,000)

The direct charitable expenditure is charged to the accounts on an accrual basis, and was in line with the objectives of the Charity. The total expenditure for the year of £95,000 can be further analysed as follows,

The General Charitable Fund does not directly employ any staff; however a governance (support) cost to cover staff time was made by Essex Partnership University NHS Foundation Trust. Governance costs are charged across the funds based on the proportion of funds held, and are considered each year by the Charitable Funds Committee.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

12. OPEN ARTS PROJECT

Open Arts is a charitable community arts and mental health service managed by the Trust, which helps to improve and maintain mental health and wellbeing. Open Arts is not funded by the NHS but operates completely on external funding, donations and fundraising by participants, volunteers and local businesses.

During this past year, the Open Arts service continued to adapt its delivery, the health and wellbeing of participants and volunteers has always been at the forefront. Open Arts provides structure, which for many is also a safety net. Knowing that activities and weekly contact continues to be a regular weekly occurrence, has been a lifeline to many of our participants, and continues to help them to manage their mental health. Open Arts continued delivering:

3910 Client Studio, Course 'In the Open Arts' sessions/Zoom Sessions

9322 hours of Open Arts delivery

860 hours Volunteer time

8000 Estimated People Attending Community Engagement Activities

As a result of Open Arts participation, substantial benefits have been reported, including improved mental health, increased social activity, greater confidence and self-esteem, reduced use of mental health services and increased take up of wider community based opportunities.

‘ Open Arts have helped me no end before pandemic and during lockdown. The current situation of opening up feels me with great anxiety and stress but we are working through it. Open Arts have brought me out of some deep dark places; I struggled to return to 'interaction/socialisation' from a "severe nervous breakdown" I lost who I was...just a depressed amoeba. Through all the work THEY DID, I am a person again. Art, a sunshine attitude and a friendly and compassionate team taylor make the experience for your needs. Thank you Open Arts. Thank you to the Staff and Volunteers who work tirelessly to provide a safe, warm and caring atmosphere for us to thrive’ Sarah, Open Arts studio member

‘ Open Arts is such a marvellous organisation-Where you can learn to recover at your own pace without the normal pressure or the stigma mental health can bring. Open Arts also gives everyone the help and assistance to learn to be kind to yourself and aid recovery at their own pace through artwork’.

‘I’m extremely thankful and grateful that I found Open Arts. Thank you Open Arts!’ Julie , Open Arts participant

A heartfelt thank you to the Open Arts team; our artists and volunteers, friends, members and participants. For the funding and support received from NHS Charities Together, Leigh on Sea Lions Club, The Augustine Courtauld Trust, Essex Association Of Local Councils Grant, the Co-op local communities fund and EPUT.

If you can help support Open Arts or would like information on how you can, please contact Epunft.open.arts@nhs.net or call Jo Keay Open Arts manager on 07580 982462 www.openartsessex.orgIf you can help support Open Arts or would like information on how you can, please contact Epunft.open.arts@nhs.net or call Jo Keay, Open Arts manager on 07580 982462 www.openartsessex.org

You can donate online via CAF www.cafonline.org search for Essex Partnership NHS Foundation Trust Charities or 1053793. Please make sure you type For Open Arts in the message box. Thank you.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

A summary of the income streams and resources expended relating to Open Art is detailed below;

Statement of Financial Activities Statement of Financial Activities
2021/22
Incoming resources from; £
Various donation 7,534
Investment income 1,042
Grant Income 5,000
Gain from investment valuation 1,652
Total income 15,228
Resources expended on
Charitable fund activities (6,593)
Administration and other cost (815)
Total expenditure (7,408)
Net income/(expenditure) for the yea 7,820
Fund balance at the beginning of the yea 20,230
Fund balance at the end of the year 28,050

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

13. THE TRUSTEES

The Trustees for the Charity for the year ended 31 March 2022 are as follows:

Professor Sheila Salmon - Trustee
Paul Scott - Trustee
Alexandra Green - Trustee
Trevor Smith - Financial Trustee
Dr Milind Karale - Trustee
Nigel Leonard - Trustee
Professor Natalie Hammond - Trustee
Sean Leahy - Trustee
Janet Wood - Trustee
Alison Davis - Trustee (until 30/04/2021)
Amanda Sherlock - Trustee
Manny Lewis - Trustee
Dr Rufus Helm - Trustee
Dr Alison Rose-Quirie - Trustee (until 31/10/2022)
Dr Mateen Jiwani - Trustee
Loy Lobo - Trustee

All appointments to the Board of Directors of the Essex Partnership University NHS Foundation Trust Board are also the appointed Trustees of the Essex Partnership NHS Foundation Trust General Charitable Fund. Non-Executive Directors are normally appointed for a fixed term of three years.

14. ADMINISTRATION ARRANGEMENTS

The Trust holds bi-monthly Board of Directors meetings, which include an update from the Charitable Funds Committee at least twice a year. The day-to-day management of the restricted funds has been delegated to Fund Managers who have delegated authority to approve expenditure of up to £5,000 or the balance of fund (whichever is lower).

The Board of Directors has delegated the management of the unrestricted funds to the Chief Executive of the Trust.

The Board of Directors has retained approval of expenditure commitments of a recurring nature and approval of expenditure over £10,000, with the Charitable Funds Committee approving expenditure of between £5,000 and £10,000.

15. INDEPENDENT EXAMINERS

NHS Funds held on Trust are subject to the 2011 Charities Act, which superseded the 2006 Charities Act and states that all Charities with a gross income of more than £25,000 are required to have some form of external scrutiny of their accounts. In addition, if the Charity has gross income in excess of £1 million in the period of account, or if its gross income exceeds £250,000 and the aggregate value of assets (before deduction of liabilities) exceeds £3.26 million, then the accounts will be subject to a full audit.

For the year ended 31 March 2022 the Charities income was below the £1 million threshold and as such the annual report and accounts will not therefore be subject to a full audit. However, due to the Charities having income in excess of the £25,000 threshold, they will instead be subject to an independent examination as required by the Charities Act 2011.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

16. ACKNOWLEDGEMENTS

The Trustees acknowledge the generous contributions and donations made by the public, as well as the time and commitment of staff.

17. APPROVAL

This report was approved by the Trustees and signed on their behalf.

Professor Sheila Salmon Chair

Date: 30 November 2022

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Statement of Trustees’ Responsibilities

The Trustees are responsible for:

The Trustees are responsible for the preparation of financial statements in accordance with the Charities Statement of Recommended Practice (FRS 102) Accounting and Reporting by Charities for each financial year. The Charity Commission directs that these accounts give a true and fair view of the financial position of the funds held on trust, in accordance with Charities SORP (FRS 102). In preparing these accounts the Trustees are required to:

The Trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out on pages 1 to 13 attached, have been compiled from and are in accordance with the financial records maintained by the Trustees.

By Order of the Trustees

Signed:

Chair

Financial Trustee

Date: 30 November 2022

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Independent examiner’s report to the trustees of Essex Partnership University NHS Foundation Trust General Charitable Fund

I report on the accounts of the Charity for the year ended 31 March 2022 , which are set out on pages 2 to 13.

Responsibilities and basis of report

As the charity trustees of the Charity 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 2011 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, which are available in the Charity commission guidance for independent examination of charity accounts: Directions and guidance for examiners.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that in, any material respect:

I have no concerns 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.

Use of our report

This report is made solely to the trustees, as a body, in accordance with our engagement letter dated 25 January 2020. The examination has been undertaken so that we might state to the trustees those matters that are required to be stated in an examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for this examination, for this report, or for the statements made.

Name: Debbie Hanson For and on behalf of Ernst & Young LLP Relevant professional qualification or body: CIPFA Address: 400 Capability Green, Luton, LU1 3LU

Date: 2 December 2022

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

FUNDS HELD ON TRUST ACCOUNTS 2021/22

The accounts of the funds held on Trust by Essex Partnership University NHS Foundation Trust

Foreword

These accounts have been prepared by the Trust under section 98(2) of the National Health Service Act 1977 (as amended) in the form which the Secretary of State has, with the approval of the Treasury, directed.

The Essex Partnership University NHS Foundation Trust is the corporate trustee of the funds held on trust under paragraph 16c of Schedule 2 of the NHS and Community Care Act 1990. The Trustees have been appointed under s11 of the NHS and Community Care Act 1990.

The Essex Partnership NHS Foundation Trust Charitable Funds Held on Trust are registered with the Charity Commission. The main purpose of the charitable funds held on trust is to apply income for any charitable purpose relating to the National Health Service wholly or mainly for the services provided by the aforementioned organisations.

If you require any further information regarding these accounts please contact:

The Executive Chief Finance Officer Essex Partnership University NHS Foundation Trust Trust Head Office The Lodge Lodge Approach Runwell Wickford Essex SS11 7XX

Telephone: 01268 739666

Trevor Smith Financial Trustee

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Statement of Financial Activities for the Year ended 31 March 2022

Note
Incoming Resources from:
Donation, grant and legacies
2
Other trading activities
3
Investment income
4
Total income
Resources Expanded on:
Charitable activities
5
Total expenditure
Net gain/(losses) on investments
6
Net income/(expenditure)		 Restated
'2020/21
Unrestricted Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
£000
£000
£000
£000
£000
63
12
-
75
200
3
-
-
3
2
17
24
-
41
37
83
36
-
119
239
(61)
(34)
-
(95)
(259)
(61)
(34)
-
(95)
(259)
33
43
-
76
184
55
45
-
100
164
Reconciliation of funds
Total fund balance brought forward
Total fund balance carried forward		 404
608
28
1,040
876
459
653
28
1,140
1,040

The statement of financial activities includes the income and expenditure account. The notes are at pages 5 to 13 and form part of this document.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Balance Sheet as at 31 March 2022

----- Start of picture text -----
Restated
Total Total
Unrestricted Restricted Endowment Funds Funds
Funds Funds Funds 2021/22 2020/21
Note £000 £000 £000 £000 £000
Fixed Assets
Investments 7 430 612 26 1,068 992
Total fixed assets 430 612 26 1,068 992
Current Assets
Debtors 8 1 - - 1 2
Short term investments & deposits 9 4 7 - 11 11
Cash at bank and in hand 10 29 41 2 72 47
34 48 2 84 60
Current Liabilities
Creditors: Amounts falling due
within one year 11 (5) (7) - (12) (12)
Net current assets 29 41 2 72 48
Total assets less current liabilities 459 653 28 1,140 1,040
Creditors: Amounts falling due
after more than one year - - - - -
Provisions for liabilities and charges - - - - -
Total Net Assets 459 653 28 1,140 1,040
The funds of the charity
Total Restricted funds 12 - 653 - 653 608
Total Unrestricted funds 12 459 - - 459 404
Total Endowment funds 12 - - 28 28 28
Total charity funds 459 653 28 1,140 1,040
----- End of picture text -----

The notes are at pages 5 to 13 form part of this document.

Signed:

Date: 30 November 2022

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Statement of Cash Flow at 31 March 2022

Statement of Cash Flow at 31 March 2022
Note
Cash flows from operating activities
Net cash provided by/(used in) operating activities
10.2
Cash inflow/(outflow) from other activities
12
Cash flows from investing activities
Dividends, interest from investments
4
Proceeds from sale of investments
7
Purchase of investments
Net cash provided by/(used in) investing activities
Cash flows from financing activities
Repayment of borrowings
Cash flows from borrowings
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents during the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021/22
Total
Funds
£000
(16)
-
(16)
41
-
-
41
-
-
-
25
47
72		 Restated
2020/21
Total
Funds
£000
(61)
-
(61)
37
-
-
37
-
-
-
(24)
71
47

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

NOTES TO THE ACCOUNTS

1. Accounting Policies

1.1 Accounting Policies

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice issued in 2015 - Accounting and Reporting by Charities (FRS 102), and with accounting standards and policies for the NHS approved by the Secretary of State.

There have been no changes to accounting policy for the 2021/22 financial year.

1.2 Incoming Resources

b) Gifts in Kind

In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the Charity or the amount actually realised. The basis of the valuation is disclosed in the annual report.

c) Intangible Income

Intangible income (eg the provision of free accommodation) is included in the accounts with an equivalent amount in outgoing resources, if there is a financial cost borne by another party. The value placed on such income is the financial cost of the third party providing the resources.

1.3 Resources Expended

The Funds Held on Trust account is prepared in accordance with the accruals concept. A liability (and consequently, expenditure) is recognised in the accounts when there is a legal or constructive obligation, capable of reliable measurement, arising from a past event.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Resources expended are split into two main categories being the costs of generating funds and the actual costs of charitable activities. The costs of generating funds are the costs associated with generating income for the Funds Held on Trust. A grant is any payment which is made voluntarily to any institution or to an individual in order to further the Charity’s objectives, without receiving goods or services return.

The cost of activities in the furtherance of charitable activities is expenditure incurred on the provision of services or goods. Support costs are an integral and material part of the costs of activities in the furtherance of charitable activities and/or expenditure incurred in paying grants. Management and administrative expenditure includes direct and indirect costs (as distinct from directly pursuing charitable activities). Direct costs include those of external and internal audit and legal advice for trustees, the indirect costs include office and communication costs.

1.4 Tangible Fixed Assets and Donated Assets

The General Charitable Fund has no retained fixed assets or donated assets.

1.5 Investment Fixed Assets

Investment fixed assets are shown at market value.

Quoted stocks and shares are included in the balance sheet at mid-market price, excluding dividend.

Other investment fixed assets are included at trustees’ best estimate market value.

Unrealised and realised gains and losses are shown in the statement of financial activities and represent the difference between the market value and the original purchase cost.

1.6 Structure of Funds

Where there is a legal restriction on the purposes to which a fund may be put, the fund is classified in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the Trustees have chosen to earmark for set purposes are classified as designated funds. The major funds held within these categories are disclosed in note 11.

As at 31 March 2022 the Charity held one endowment fund.

1.7 Pension Contributions

There have been no pension contributions made by the Charity in the financial year ended 31 March 2022.

1.8 Prior Year Adjustments

The restatement of the 2020/21 accounts relates to the receipt of investment income of £1,480 received post 31 March 2021 but related to 2020/21 financial year and should have been accrued for. This plus roundings have been corrected as a prior year adjustment in these financial statements.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Originally Restated
Stated Amount
2020/21 Restatement 2020/21
Statement of Financial Activities: £000 £000
Investment Income 35
1,038		 2
2		 37
1,040
Statement of Financial Position:
Debtors - 2 2
Total Net Assets / Total Charity Funds 1,038 2 1,040
Split by:
Total Restricted Funds 607 1 608
Total Unrestricted Funds 403 1 404
Total Endowment Funds 28 0 28

1.9 Pooling Scheme

The General Charitable Fund is a Charitable Fund Umbrella which comprises general and specific purpose funds. As such funds are pooled for investment purposes. The funds included within the General Charitable Fund are as follows,

Essex Partnership University NHS FT General Fund District Nurses Fund Mental Health Charity Primary Care Charity Continuing Care Services Fund Psychiatric Research Fund Primary Care Trust Staff Welfare Fund Mental Health Research Foundation Learning Disabilities Psychiatry Academic and Research Foundation The Margaret Ethel Bolton Fund Cancer Care General Fund Child Health Directorate Fund Cancer Relief Fund

The scheme was registered with the Charity Commission on 18 December 2002.

1.10 Consolidation of Charity Accounts with EPUT Annual Accounts

IAS 27 on Consolidation and Separate Financial Statements, requires consolidation of a group of entities under the control of a parent where there exists the power to govern the financial and operational policies of an entity so as to obtain benefits from its activities. The Essex Partnership University NHS Foundation Trust is the corporate Trustee for the Charity and hence controls it. The purpose of the Charity is to assist NHS patients, and hence the Trust benefits from its activities. As such, IAS27 would normally be applicable in the preparation of the Trust’s main accounts and the Charity would be consolidated.

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

However, IAS1 on Presentation of Financial Statements confirms that specific disclosure requirements set out in individual standards or interpretations need not be satisfied if the information is not material. The net assets of the Charity represent 1% of the Trust’s total assets employed, and are therefore not considered to be material in the context of the Trusts main accounts. The Audit Committee have noted and approved that the Charity Accounts will not be consolidated into the main Trust accounts for 2021/22. This is subject to an annual materiality review.

Note 2 Analysis of donations and legacies

----- Start of picture text -----
2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
Donations 21 7 - 28 25 2 - 27
Legacies - - - - 1 - - 1
Grant income 42 5 - 47 172 - - 172
63 12 - 75 198 2 - 200
Note 3 Analysis of income from other trading activities
'2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
Income from other
fundraising activities 2 - - 2 2 - - 2
Other Income
1 - - 1 - - - -
3 - - 3 2 - - 2
----- End of picture text -----

Note 4 Analysis of income from investments

----- Start of picture text -----
Restated
'2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
BlackRock Investment 3 4 - 7 3 4 - 7
M&G Charities
11 16 - 27 10 13 - 23
COIF Charities Investment
Fund 3 4 - 7 3 4 - 7
17 24 - 41 16 21 - 37
----- End of picture text -----

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Note 5 Analysis of expenditure on charitable fund activities

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |'2021/22|2020/21| |Unrestricted|Restricted|Endowment|Total|Unrestricted|Restricted|Endowment|Total| |£000|£000|£000|£000|£000|£000|£000|£000| |Patients Welfare &| |45|15|-|60|113|14|-|127| |Amenities| |Staff Welfare &| |1|-|-|1|100|-|-|100| |Amenities| |Support Cost (see| |14|19|-|33|13|18|-|31| |note 5.1)| |Fundraising| |1|-|-|1|1|-|-|1| |Expenditure| |61|34|-|95|227|32|-|259|

----- End of picture text -----

Note 5.1 Analysis of support cost by type

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |'2021/22|2020/21| |Unrestricted Restricted Endowment|Total|Unrestricted Restricted Endowment|Total| |£000|£000|£000|£000|£000|£000|£000|£000| |Audit fee|3|3|-|6|2|3|-|5| |Admin fee|11|16|-|27|11|15|-|26| |14|19|-|33|13|18|-|31|

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Note 5.2 Analysis of support cost by activities

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||||||||| |---|---|---|---|---|---|---|---| |'2021/22|2020/21| |Unrestricted Restricted Endowment|Total|Unrestricted Restricted Endowment|Total| |£000|£000|£000|£000|£000|£000|£000|£000| |Patients Welfare &| |13|19|-|32|7|18|-|25| |Amenities| |Staff Welfare &| |1|-|-|1|6|-|-|6| |Amenities| |14|19|-|33|13|18|-|31|

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Note 6 Gain/(losses) on investments revaluation

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'2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
BlackRock Investment 7 9 - 16 18 24 - 42
M&G Charities 17 22 - 39 43 57 - 100
COIF Charities
9 12 - 21 18 24 - 42
Investment Fund
33 43 - 76 79 105 - 184
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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Note 7 Fixed Asset Investments

Note 7.1 Changes in Fixed Asset Investments

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2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
Market Value at 1 April 397 569 26 992 306 475 27 808
Transfers/Disposals - - - - - - - -
Dividends re-invested - - - - - - - -
Net Gain/(Loss) on
33 43 - 76 79 105 - 184
Revaluation
Total Market Value of
Fixed Asset 430 612 26 1,068 385 580 27 992
Investments
Note 7.2 Analysis of Fixed Asset Investments by Investment Manager
2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
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2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
BlackRock Investment
93 131 5 83 124 6 213
Managers (UK) Ltd 229
M & G Securities Ltd 230 327 14 571 207 310 15 532
CCLA Investment
107 154 7 96 144 7 247
Management 268
Total Market Value of
Fixed Asset 430 612 26 1,068 386 579 28 992
Investments
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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Note 8 Analysis of recievables due within one year

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Restated
2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
Sundry Debtors 1 0 - 1 1 1 - 2
Value as at 31 March 1 0 - 1 1 1 - 2
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Note 9 Short term investments & deposits

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2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
COIF Charities
4 7 11 4 7 - 11
deposits funds -
Value as at 31 March 4 7 - 11 4 7 - 11
Note 10 Analysis of cash and cash equivalent by fund type
2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
Cash at bank and in
29 41 2 72 19 27 1 47
hand
Value as at 31 March 29 41 2 72 19 27 1 47
p
Note 10.1 Analysis of cash and cash equivalents
2021/22 2020/21
£000 £000
Cash at bank 69 44
Cash in hand 3 3
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----- Start of picture text -----
2021/22 2020/21
£000 £000
Cash at bank 69 44
Cash in hand 3 3
Value as at 31 March 72 47
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Note 10.2 Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income/(expenditure) for the year as per the
SoFA
(Gain) and losses of investment
Dividends, interest from investments
(increase)/decrease in stocks
(increase)/decrease in debtors
increase/(decrease) in creditors
Net cash provided by (used in) operating activities		 2021/22
£000
100
(76)
(41)
-
1
-
(16)		 Restated
2020/21
£000
164
(184)
(37)
-
(1)
(3)
(61)

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Note 11 Analysis of Creditors

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2021/22 2020/21
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£000 £000 £000 £000 £000 £000 £000 £000
Amounts falling due within
1 year:
Intercompany creditors 1 1 - 2 1 1 - 2
Accruals 4 6 - 10 4 6 - 10
Total Creditors 5 7 - 12 5 7 - 12
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Note 12 Reconciliation of fund balance at 31 March 2022

Restated
Balance at **Income ** Expenditure Unrealise Balance at
31/03/2021 gain(losses) 31/03/2022
£000 £000 £000 £000 £000
Restricted funds 608 36 (34) 43 653
Unrestricted funds 404 83 (61) 33 459
Endowment funds 28 - - - 28
Total funds as per
balance sheet		 1,040 119 (95) 76 1,140

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Essex Partnership University NHS Foundation Trust Charities Charitable Funds Accounts 2021-22

Note 13 Trustee and Related Party Transaction

Essex Partnership University NHS Foundation Trust is the Corporate Trustee (the Trust) of the Essex Partnership NHS Foundation Trust General Charitable Fund (the Charity). During the year the Charity paid £26,788 to the Trust, to cover costs incurred by the Trust in administering the Charity, on its behalf.

During the year none of the Trustee Board members or parties related to them has undertaken material transaction with the Charity.

Note 14 Trustees Remuneration and Benefits

There was no remuneration or other benefits paid to Trustees during the year.

Note 15 Staff Cost and Other Benefits

The Charity does not directly employ any staff. As such, there were no staff costs or other staff benefits incurred during the year.

Note 16 Contingencies

There are no contingent losses or gains known by the Trustees.

Note 17 Commitments, Liabilities and Provisions

There are no commitments, liabilities or provisions known by the Trustees.

Note 18 Post Balance Sheet Events

There are no post balance sheet events for the reporting period.

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