ESSEX PARTNERSHIP UNIVERSITY NHS FOUNDATION TRUST CHARITIES 


ANNUALREPORT AND ACCOUNTS2022/23 



**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


ESSEX PARTNERSHIP UNIVERSITY NHS FOUNDATION TRUST CHARITIES 

ANNUAL REPORT & ACCOUNTS 

2022/23 



**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## CONTENTS SECTION A 

|CONTENTS<br>SECTION A||
|---|---|
||Page|
||Number|
|Charity Information|i|
|Report of the Trustees for the Year Ended 31 March 2023|ii|
|Statement of the Trustees’ Responsibilities|ix|
|Independent Examiners’ Statement|x|



## SECTION B 

|SECTION B|||
|---|---|---|
|||Page|
||Note|Number|
|Foreword to the Accounts||1|
|Statement of Financial Activities||2|
|Balance Sheet||3|
|Statement of Cash Flow||4|
|Accounting Policies|1|5|
|Analysis of donations and legacies|2|8|
|Analysis of income from other trading activities|3|8|
|Analysis of income from investments|4|8|
|Analysis of expenditure on charitable fund activities|5|8|
|Analysis of support costs by type|5.1|9|
|Analysis of support cost by activities|5.2|9|
|Gain / (loss) on investments revaluation|6|9|
|Investment Assets|7|9|
|Changes in investment assets|7.1|9|
|Analysis of investment assets by investment manager|7.2|10|
|Analysis of receivables due within one year|8|10|
|Short term investments and deposits|9|10|
|Analysis of cash and cash and cash equivalents|10.1|10|
|Reconciliation of net income / (expenditure) to net cash|10.2|11|
|flow from operating activities|||
|Analysis of creditors|11|11|
|Reconciliation of fund balance at 31 March 2023|12|11|
|Trustee and related party transaction|13|11|
|Trustees remuneration and benefits|14|11|
|Staff costs and other benefits|15|11|
|Contingencies|16|12|
|Commitments, liabilities and provisions|17|12|
|Post balance sheet events|18|12|





FINAL ANNUAL REPORT AND ACCOUNTS 2022-23
EPUT
SECTION A

**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## 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 Examiners:** Ernst and Young LLP 400 Capability Green Luton LU1 3LU **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 Ltd Laurence Poutney Hill London EC4 0HH CCLA Investment Management 80 Cheapside London EC2V 6DZ 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 

## **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. 

## **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. 

## **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. 

## **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. 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **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. 

## **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. 

## **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. 

## **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. 

## **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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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **Funding** 

Income is received from direct contributions from the public, in addition to income from dividends and interest receivable.  Fund raising activities are encouraged by staff or the public. 

Each fund receives a proportion of dividends and interest received from the investments in accordance with the average fund value.  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. 

## **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 2023 was £1,071,000 (2021/22: £1,140,000). The net movement in value is a decrease of £69,000 (2021/22: £100,000 increase) which was attributable to; 

1. Total income of £69,000 (2021/22: £119,000) 

2. Total expenditure of £93,000 (2021/22: £95,000) 

3. Unrealised loss on investment which amounted to £45,000 (2021/22: £76,000 gain) 

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 £93,000 can be further analysed as follows, 

- Expenditure on patient welfare of £58,000 including an additional palliative care support service, cycling sessions, music therapy, games and leisure activities and improvements to outside areas 

- Expenditure on staff welfare of £2,000 including courses and books 

- Expenditure on fundraising activities £1,000 

- Expenditure on support costs of £32,000. 

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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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **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. 

The Trust is proud of the awards and recognition received for Open Arts: 

## **The UK's Mental Health and Wellbeing Awards** 

**2021 Open Arts** shortlisted in the ‘Support During the Pandemic’ category 

**2021 Jo Keay** shortlisted in the ‘Public Nomination for a Mental Health Professional’ category 

During this past year, the Open Arts service has delivered: 

2,597 Client Studio, Course 'In the Open Arts' sessions/Zoom Sessions 

6,761 hours of Open Arts delivery 

1,133 hours volunteer time 

16,112 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.  Some feedback from our participants is as follows: 

_‘Open Arts has been a lifeline for me, it has given me back a purpose and opened up a whole new outlook on life’_ 

_‘When I started attending Open Arts I had very little self confidence and now I have achieved so much’_ 

_‘Throughout the Lockdowns and even now we are still together and stronger through the Open Arts Studio Members Facebook page, zoom calls and meeting up in open spaces. Now as life is gradually returning to normal.  It’s great to see us all coming together with sharing ideas and showing of works’_ 

_‘Jo has been wonderful at ensuring that we are okay from weekly phone calls, emails and providing art Materials and details of some free Art Courses. Thanks to my increasing confidence that I have continued to gain, I was able to do 4 courses online…This is something I would not have been physically able to do before I joined Open Arts’_ 

_‘Thank you Open Arts for giving me the encouragement support and helping me on my journey through the mine field of mental health and bring back the colour on my hardest days’ Sarah P, Open Arts member_ 

_‘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, Castle Point Mayor, Barchester Charitable Foundation, Sanctuary Housing/ Rochford Council, Southend On Sea Art Club and EPUT.’_ 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


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.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. 

||NHS<br>Charities<br>Together<br>EPUT<br>**Total**<br>**Open**<br>**Arts**|
|---|---|
||£<br>£<br>**£**|
|**Incoming Resources from:**||
|Donations, grants and<br>legacies|-<br>10,027<br>**10,027**<br>-<br>1,471<br>**1,471**<br> -<br>1,469<br>**1,469**|
|Investment income||
|Other income||
|**Total income**|**-**<br>**12,967**<br>**12,967**|
|||
|**Resources Expended on:**||
|Charitable activities|(21,313)<br>(5,762)<br>**(27,075)**|
|||
|**Total expenditure**|**(21,313)**<br>**(5,762)**<br>**(27,075)**|
|||
|Net gain / (loss) on<br>investments|-<br>(909)<br>**(909)**|
|||
|Netincome / (expenditure)|**(21,313)**<br>**6,296**<br>**(15,017)**|
|||
|**Reconciliation of funds**||
|Total fund balance bought<br>forward|22,926<br>28,050<br>**50,976**|
|**Total fund balance carried**<br>**forward**|**1,613**<br>**34,346**<br>**35,959**|



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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **Trustees** 

The Board of Directors of the Essex Partnership University NHS Foundation Trust is the Corporate Trustee for the Charity.  As at 31 March 2023, the Board of Directors consisted of the following individuals: 

Paul Scott Alexandra Green Trevor Smith Dr Milind Karale Nigel Leonard Professor Natalie Hammond (until 31/07/2023) Sean Leahy (until 02/07/2023) Marcus Riddell (from 01/12/2022 until 30/04/2023) Zephen Trent Denver Greenhalgh Professor Sheila Salmon Manny Lewis Janet Wood (until 30/09/2023) Jill Ainscough (from 30/11/2022 to 31/03/2023) Amanda Sherlock (until 30/09/2022) Dr Rufus Helm Dr Alison Rose-Quirie (until 30/10/2022) Dr Mateen Jiwani Loy Lobo Professor Stephen Heppell (from 20/11/2022) Elena Lokteva (from 01/03/2023) 

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. 

## **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. 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **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 2023 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. 

## **Acknowledgements** 

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

## **Approval** 

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


Professor Sheila Salmon Chair 

29 November 2023 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## STATEMENT OF TRUSTEES’ RESPONSIBILITIES 

The Trustees are responsible for: 

- keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the funds held on trust and to enable them to ensure that the accounts comply with requirements in the Charities Act 2011; 

- establishing and monitoring a system of internal control; and 

- establishing arrangements for the prevention and detection of fraud and corruption: 

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: 

- apply on a consistent basis, accounting policies laid down by applicable accounting standards; 

- make judgements and estimates which are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts: and 

- prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. 

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 12 attached, have been compiled from and are in accordance with the financial records maintained by the Trustees. 

## **By Order of the Trustees** 



Sheila Salmon Chair 

Trevor Smith Executive Chief Finance Officer 

29 November 2023 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## 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 2023 **,** which are set out on pages 1 to 12. 

## **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: 

- the accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act; or 

- the accounts did not accord with the accounting records; or 

- the accounts did not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give ‘true and fair’ view which is not a matter considered as part of an independent examination. 

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. 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **Use of our report** 

This report is made solely to the trustees, as a body, in accordance with our engagement letter dated 10 May 2023. 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: 1 December 2023 

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EPUT
SECTION B

**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## FUNDS HELD ON TRUST ACCOUNTS 2022/23 

## **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 Runwell Wickford Essex SS11 7XX 

Telephone: 01268 739666 


Trevor Smith Executive Chief Finance Officer 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **Statement of Financial Activities for the Year Ended 31 March 2023** 

||**2022/23**|_2021/22_|
|---|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**|_Total_|
|Note|<br>£<br>£<br>£<br>**£**|_£_|
|**Incoming Resources from:**|||
|Donations, grants and<br>legacies<br>2|10,648<br>10,027<br>-<br>**20,675**<br>964<br>1,623<br>-<br>**2,587**<br>19,391<br>26,112<br> -<br>**45,503**|_75,550_|
|Other trading activities<br>3||_2,555_|
|Investment income<br>4||_41,268_|
|**Total income**|**31,003**<br>**37,762**<br>**-**<br>**68,765**|_119,373_|
||||
|**Resources Expended on:**|||
|Charitable activities<br>5|(62,114)<br>(30,621)<br> -<br>**(92,735)**|_(94,785)_|
|**Total expenditure**|**(62,114)**<br>**(30,621)**<br>**-**<br>**(92,735)**|_(94,785)_|
||||
|Net gain / (loss) on<br>investments<br>6|(19,795)<br>(25,268)<br>-<br>**(45,063)**|_75,689_|
||||
|Netincome / (expenditure)|**(50,906)**<br>**(18,127)**<br>**-**<br>**(69,033)**|_100,277_|
||||
|**Reconciliation of funds**|||
|Total fund balance bought<br>forward|459,581<br>652,418<br>28,116<br>**1,140,115**|_1,039,838_|
|**Total fund balance carried**<br>**forward**|**408,675**<br>**634,291**<br>**28,116**<br>**1,071,082**|_1,140,115_|



The Statement of Financial Activities includes the income and expenditure account. The notes are at pages 5 to 12 and form part of this document. 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **Balance Sheet as at 31 March 2023** 

||**2022/23**|_2021/22_|
|---|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**|_Total_|
|Note|£<br>£<br>£<br>**£**|_£_|
|**Investment Assets**|||
|Investments<br>7|390,038<br>605,363<br>26,834<br>**1,022,235**|_1,067,605_|
||**390,038**<br>**605,363**<br>**26,834**<br>**1,022,235**|_1,067,605_|
||||
|**Current Assets**|||
|Debtors<br>8|751<br>1,167<br>52<br>**1,970**|_1,632_|
|Short term investments &<br>deposits<br>9|4,519<br>7,013<br>311<br>**11,843**|_11,535_|
|Cash at bank and in hand<br>10|18,683<br>28,998<br>1,285<br>**48,966**|_71,697_|
||**23,953**<br>**37,178**<br>**1,648**<br>**62,779**|_84,864_|
||||
|**Current Liabilities**|||
|Creditors: amounts falling<br>due within one year<br>11|(5,316)<br>(8,250)<br>(366)<br>**(13,932)**|_(12,354)_|
|**Net Current Assets**|**18,637**<br>**28,928**<br>**1,282**<br>**48,847**|_72,510_|
||||
|**Total Assets less**<br>**Current Liabilities**|408,675<br>634,291<br>28,116<br>**1,071,082**|_1,140,115_|
|Creditors: amounts falling<br>due after more than one<br>year|-<br>-<br>-<br>**-**|_-_|
|Provisions for liabilities<br>and charges|-<br>-<br>-<br>**-**|_-_|
|**Total Net Assets**|**408,675**<br>**634,291**<br>**28,116**<br>**1,071,082**|_1,140,115_|
||||
|**The Funds of the**<br>**Charity**|||
|Total restricted funds<br>12|-<br>634,291<br>-<br>**634,291**|_652,418_|
|Total unrestricted funds<br>12|408,675<br>-<br>-<br>**408,675**|_459,581_|
|Total endowment funds<br>12|-<br>-<br>28,116<br>**28,116**|_28,116_|
|**Total charity funds**|**408,675**<br>**634,291**<br>**28,116**<br>**1,071,082**|_1,140,115_|



The notes are at page 5 to 12 and form part of this document. 


Sheila Salmon Chair 29 November 2023 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **Statement of Cash Flow at 31 March 2023** 

||**2022/23**|_2021/22_|
|---|---|---|
||**Total**|_Total_|
|Note|<br>**£**|_£_|
|**Cash flows from operating activities**|||
|Net cash provided by / (used in) operating activities<br>10.2|(68,234)|_(16,375)_|
|Cash inflow / (outflow) from other activities<br>12|-|_-_|
||**(68,234)**|_(16,375)_|
||||
|**Cash flows from investing activities**|||
|Dividends, interest from investments<br>4|45,503|_41,268_|
|Proceeds from sale of investments<br>7|-|_-_|
|Purchase of investments|-|_-_|
|Net cash provided by / (used in) investing activities|**45,503**|_41,268_|
||||
|**Cash flows from financing activities**|||
|Repayment of borrowings|**-**|_-_|
|Cash flows from borrowing|**-**|_-_|
|Net cash provided by / (used in) borrowing activities|**-**|**-**|
||||
|Change in cash and cash equivalents during the<br>year|**(22,731)**|**24,893**|
||||
|Cash and cash equivalents at the beginning of the<br>year|**71,697**|_46,804_|
|**Cash and cash equivalents at the end of the year**|**48,966**|**71,697**|



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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## 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 2022/23 financial year. 

## **1.2 Incoming Resources** 

## **a) Incoming Resources** 

All incoming resources are included in full in the statement of financial activities as soon as the following three factors can be met: 

- i) entitlement - arises when a particular resource is receivable or the Charity's right becomes legally enforceable; 

- ii) certainty - when there is reasonable certainty that the incoming resource will be received; 

- iii) measurement - when the monetary value of the incoming resources can be measured with sufficient reliability 

## **b) Gifts in Kind** 

- i) Assets given for distribution by the Charity are included in the Statement of Financial Activities only when distributed. 

- ii) Assets given for use by the Charity (e.g. property for its own occupation) are included in the Statement of Financial Activities as incoming resources when receivable. 

- iii) Gifts made in kind but on trust for conversion into cash and subsequent application by the Charity are included in the accounting period in which the gift is sold. 

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. 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **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. 

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 Assets** 

Investment assets are shown at market value. 

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

Other investment 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 2023 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 2023. 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **1.8 Prior Year Adjustments** 

There have been no prior year restatements. 

## **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. 

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 2022/23.  This is subject to an annual materiality review. 

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **2. Analysis of donations and legacies** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Donations|10,448<br>10,027<br>-<br>**20,475**<br>_21,016_<br>_7,534_<br>_-_<br>_28,550_<br>200<br>-<br>-<br>**200**<br>_-_<br>_-_<br>_-_<br>_-_<br>-<br>-<br>-<br>**-**<br>_42,000_<br> _5,000_<br>_-_<br>_47,000_|
|Legacies||
|Grantincome||
||10,648<br>10,027<br>-<br>**20,675**<br>_63,016_<br>_12,534_<br>_-_<br>_75,550_|



## **3. Analysis of income from other trading activities** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Income from other<br>fund raising activities|622<br>-<br>-<br>**622**<br>_1,421_<br>_-_<br>_-_<br>_1,421_|
|Other income|342<br>1,623<br>-<br>**1,965**<br>_1,134_<br>_-_<br>_-_<br>_1,134_|
||964<br>1,623<br>-<br>**2,587**<br>_2,555_<br>_-_<br>_-_<br>_2,555_|



## **4. Analysis of income from investments** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|BlackRock<br>Investment|3,317<br>4,494<br>-<br>**7,811**<br>_2,899_<br>_3,898_<br>_-_<br>_6,797_|
|M&G Charities|12,877<br>17,321<br>-<br>**30,197**<br>_11,543_<br>_15,580_<br>_-_<br>_27,123_|
|COIF Charities<br>InvestmentFund|3,197<br>4,298<br>-<br>**7,495**<br> _3,122_<br>_4,226_<br>_-_<br>_7,348_|
||19,391<br>26,112<br>-<br>**45,503**<br>_17,564_<br>_23,704_<br>_-_<br>_41,268_|



## **5. Analysis of expenditure on charitable fund activities** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Patients welfare &<br>amenities|46,030<br>12,154<br>-<br>**58,184**<br>_44,776_<br>_14,852_<br>_-_<br>_59,628_|
|Staff welfare &<br>amenities|1,996<br>-<br>-<br>**1,996**<br>_992_<br>_306_<br>_-_<br>_1,298_|
|Support costs (see<br>note 5.1)|13,721<br>18,467<br>-<br>**32,188**<br>_14,070_<br>_19,018_<br>_-_<br>_33,088_|
|Other - fundraising<br>expenditure|367<br>-<br>-<br>**367**<br>_771_<br>_-_<br>_-_<br>_771_|
||62,114<br>30,621<br>-<br>**92,735**<br>_60,609_<br>_34,176_<br>_-_<br>_94,785_|



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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **5.1 Analysis of support costs by type** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|||
|Audit fee|2,296<br>3,104<br>-<br>**5,400**<br>_2,683_<br>_3,617_<br>_-_<br>_6,300_|
|Admin fee|11,425<br>15,363<br>-<br>**26,788**<br>_11,387 _<br>_15,401 _<br>_-_<br>_26,788_|
||13,721<br>18,467<br>-<br>**32,188**<br>_14,070_<br>_19,018_<br>_-_<br>_33,088_|



## **5.2 Analysis of support costs by activities** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Patients welfare &<br>amenities|13,266<br>17,854<br>-<br>**31,120**<br>_13,769_<br>_18,634_<br>_-_<br>_32,403_|
|Staff welfare &<br>amenities|455<br>613<br>-<br>**1,068**<br>_301_<br>_384_<br>_-_<br>_685_|
||13,721<br>18,467<br>-<br>**32,188**<br>_14,070_<br>_19,018_<br>_-_<br>_33,088_|



## **6. Gain / (loss) on investments revaluation** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|BlackRock<br>Investment|(299)<br>(20)<br>-<br>**(319)**<br>_6,843_<br>_8,758_<br>_-_<br>_15,601_|
|M&G Charities|(15,198)<br>(19,715)<br>-<br>**(34,913)**<br>_17,256_<br>_21,548_<br>_-_<br>_38,804_|
|COIF Charities<br>Investment Fund|(4,428)<br>(5,710)<br>-<br>**(10,138)**<br>_9,128_<br>_12,156_<br>_-_<br>_21,284_|
|COIF Charities<br>DepositFund|130<br>178<br>-<br>**308**<br>_-_<br>_-_<br>_-_<br>_-_|
||(19,795)<br>(25,268)<br>-<br>**(45,063)**<br>_33,227_<br>_42,462_<br>_-_<br>_75,689_|



## **7. Investments assets** 

## **7.1 Changes in investment assets** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Market value at 1<br>April|409,963<br>630,809<br>26,834<br>**1,067,606**<br>_397,124_<br>_568,463_<br>_26,329_<br>_991,916_|
|Transfers / disposals|-<br>-<br>-<br>**-**<br>_-_<br>_-_<br>_-_<br>_0_|
|Dividends re-invested|-<br>-<br>-<br>**-**<br>_-_<br>_-_<br>_-_<br>_0_|
|Net gain / (loss) on<br>revaluation|(19,925)<br>(25,445)<br>-<br>**(45,370)**<br>_33,227_<br>_42,462_<br>_-_<br>_75,689_|
||390,038<br>605,363<br>26,834<br>**1,022,235**<br>_430,351_<br>_610,925_<br>_26,329_<br>_1,067,605_|



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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **7.2 Analysis of Investment assets by investment manager** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|||
|BlackRock<br>Investment Managers<br>(UK) Ltd|87,025<br>135,070<br>5,988<br>**228,083**<br>_92,068_<br>_130,700_<br>_5,633_<br>_228,401_|
|M&G Securities Ltd|204,659<br>317,645<br>14,080<br>**536,383**<br>_230,289_<br>_326,918_<br>_14,089_<br>_571,296_|
|CCLA Investment<br>Management|98,353<br>152,650<br>6,766<br>**257,770**<br>_107,994_<br>_153,307_<br>_6,607_<br>_267,908_|
||390,037<br>605,365<br>26,834<br>**1,022,236**<br>_430,351_<br>_610,925_<br>_26,329_<br>_1,067,605_|



## **8. Analysis of receivables due within one year** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Sundry debtors|751<br>1,167<br>52<br>**1,970**<br>_658_<br>_934 _<br>_40_<br>_1,632 _|
||751<br>1,167<br>52<br>1,970<br>_658_<br>_934_<br>_40_<br>_1,632_|



## **9. Short term investments and deposits** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|COIF Charities deposits<br>funds|4,519<br>7,013<br>311<br>**11,843**<br>_4,650_<br>_6,601 _<br>_284 _<br>_11,535_|
||4,519<br>7,013<br>311<br>**11,843**<br>_4,650_<br>_6,601_<br>_284_<br>_11,535_|



## **10. Analysis of cash and cash equivalent** 

## **10.1 Analysis of cash and cash equivalent** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Cash at bank|17,668<br>27,422<br>1,216<br>**46,306**<br>_27,618_<br>_39,317_<br>_1,688_<br>_68,623_|
|Cash in hand|1,015<br>1,576<br>70<br>**2,661 **<br>_1,237 _<br>_1,761 _<br>_76_<br> _3,074_|
||18,683<br>28,998<br>1,285<br>**48,966**<br>_28,855_<br>_41,078_<br>_1,764_<br>_71,697_|



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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **10.2 Reconciliation of net income / (expenditure) to net cash flow from operating activities** 

||**2022/23**<br>_2021/22_|
|---|---|
||**Total**<br>_Total_|
||**£**<br>_£_|
|Net income/(expenditure) for the year as per the SoFA|**(69,033)**<br>_100,277_|
|(Gain) and losses of investment|**45,063**<br>_(75,689)_|
|Dividends, interest from investments|**(45,503)**<br>_(41,268)_|
|(Increase)/decrease in stocks|**-**<br>_-_|
|(Increase)/decrease in debtors|**(338)**<br>_305_|
|Increase/(decrease)increditors|**1,577**<br>_-_|
||**(68,234)**<br>_(16,375)_|



## **11. Analysis of creditors** 

||**2022/23**<br>_2021/22_|
|---|---|
||Unrestricted<br>Restricted<br>Endowment<br>**Total**<br>_Unrestricted_<br>_Restricted_<br>_Endowment_<br>_Total_|
||£<br>£<br>£<br>**£**<br>_£_<br>_£_<br>_£_<br>_£_|
|Amounts falling due<br>within 1 year:||
|Intercompany<br>creditors|840<br>1,304<br>58<br>**2,202**<br>_921_<br>_1,311_<br>_56_<br>_2,288_|
|Accruals|4,476<br>6,946<br>308<br>**11,730**<br>_4,053_<br>_5,766_<br>_247_<br>_10,066_|
||5,316<br>8,250<br>366<br>13,932<br>_4,974_<br>_7,077_<br>_303_<br>_12,354_|



## **12. Reconciliation of fund balance at 31 March 2023** 

||Balance at<br>Unrealised<br>**Balance**|
|---|---|
||01/04/2022<br>Income<br>Expenditure<br>Gain/(Loss)<br>**31/03/2023**|
||£000<br>£000<br>£000<br>£000<br>**£000**|
|||
|Restricted funds|652,418<br>37,762<br>(30,621)<br>(25,268)<br>**634,291**|
|Unrestricted funds|459,581<br>31,003<br>(62,114)<br>(19,795)<br>**408,675**|
|Endowment|28,116<br>-<br>-<br>-<br>**28,116**|
||1,140,115<br>68,765<br>(92,735)<br>(45,063)<br>**1,071,082**|



## **13. Trustee and related party transaction** 

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

## **14. Trustees remuneration and benefits** 

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

## **15. Staff costs and other benefits** 

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

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


## **16. Contingencies** 

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

## **17. Commitments, Liabilities and Provisions** 

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

## **18. Post balance sheet events** 

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

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**FINAL ANNUAL REPORT AND ACCOUNTS 2022-23** 


_**Essex Partnership University NHS Foundation Trust Charities**_ 

_**Trust Head Office The Lodge Lodge Approach Runwell Wickford Essex SS11 7XX**_ 

_**Tel: 0300 123 0808**_ 


**@EPUTNHS** 

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