NHS Surrey and Sussex Healthcare NHS Trust SASHCHARITY Your hospital charity SASH CHARITY ANNUAL REPORT AND ACCOUNTS st For the year ended 31 March 2022 Charity Registration number: 1054072
SASH Charity- Registered No. 1054072 DIRECTORS, MANAGEMENT, PRINCIPAL OFFICE AND ADVISORS Directors The Charity has a Corporate Trustee - the Surrey and Sussex Healthcare NHS Trust. The members of the NHS Tiusl Board who were in post al the dale on which the Trustee's report was signed were.. Richard Shaw Chair Non-Executive Director COmmend as Chairman November 2018 Commenced September 2012 as a NED until October 2018 Commenced July 2019 Yasmin Khan Non-Execulive Director & Deputy SID Chair of Charitable Funds Comrnillee from lember 2022 Non-Execulive Director and member of the Charitable Funds Committee from August 2019. Chair of Charitable Funds Committee from September 2019 to September 2022 Chair of Audit Committee from Septembe 2022 Non-Execulive Director Non-Execulive Director Mon-Execulive Director Chief Executive Officer Paula Swann COmmend April 2019 Chair of Charitable Funds Committee from September 2019 David Sadler Ja ne Phoenix Julie Bass Angela Stevenson Commenced March 2017 Commenced Se lember 2022 Commenced Se lember 2022 Commenced December 2021 Previously Chief Operating Officer 2015 CEO from March 2013 to November 2021 Commenced December 2007 Michael Wilson Chief Executive Paul Simpson Chief Finance Officer and member of the Charitable Funds Committee Director of IT Medical 01reclor Chief O eralin Officer Director of People and Organisalional Develo ment Chief of Peop5e & Culture Ben Eml Ed Celli Dena Marshall Mark Preston Commenced Ma 2021 Commenced Januar 2019 Commenced December 2021 Commenced January 2016 to August 2021 Commenced August 2021 Elizabeth awade Colin Pink Acting Director of Corporate Affairs and Governance and member of the Charitable Funds Committee Volin Board Memberlchief Nurse Interim Chief O eralin Officer Commenced Dember 2021 Tina Hetherin Karen Breen ton Commenced Ma 2023 Commenced November 2022
SASH Charil Registered No. 1054072 Management The Surrey and Sussex Healthcare NHS Trust Board has devolved responsibility ft)r the on-going management of funds to the Charitable Funds Committee, which administers the fund on behalf of the Corporate Trustee. The Committee acts independently of the Board. The Members of the Committee are.. Yasmin Khan Non-Executive Director (Associate), Deputy SID and member of the Charitable Finds Committee from August 2019 Chair of Charitable Funds Committee from lember 2022 Non-Execulive Director and member of the Charitable Funds Committee from August 2019. Chair of Charitable Funds Committee from tember 2019 to Se lember 2022 Volin Board Memberlchief Nurse Associate Non-Executive Director Chief Finance Officer and member of the Charitable Funds Committee Acting Director of Corporate Affairs and Governance and member of the Charitable Funds Committee Deputy Chief Nurse and member of the Charitable Funds Committee Fundraising Manager and member of the Charitable Funds Committee from February 2019 Assistant Director of Finance (Financial ortin 2nd Control Financial Accountsnt Commenced July 2019 Paula Swann COmmend April 2019 Chair of Charitable Funds Committee from September 2019 Tina Helherin Julie Bass Paul Simpson lon Commenced Ma Commenced Se 2023 tember 2022 Commenced December 2007 ComMend December 2021 Colin Pink Paula Tucker Commenced November2018 Andrew Bickerdike Commenced February 2019 Coral Jackson Commenced October 2004 Sharon B rne Commenced October 2017 Principal Office Finance Department Surrey and Sussex Healthcare NHS Trust Room AD15, Trust Headquarters East Surrey Hospital Canada Avenue Redhill Surrey RH1 SRH Telephone.. 01737 768511 Ext 1785 Principal Advisors: Bankers Royal Bank of Scotland 50-54 High Street Crawley Wesl Sussex RH10 1YZ Independent Examiners BDO LLP 55 Baker Street London W1U 7EU Investment Managers Sollcltors CCLA Investment Capslicks Management Ltd 1 Sl George's House One Angel Lane Wimbledon London London EC4R 3AB SW19 4DR
SASH Charity- Registered No. 1054072 REPORT OF THE CORPORATE TRUSTEE Surrey and Sussex Healthcare NHS Trust, as Corporate Trustee of the SASH Charity (name changed from Surrey and Sussex Healthcare NHS Trust Charitable Funds), presents their Annual Report and Financial Slalements of the Charity for the year ended 31 st March 2022. The accounts (financial stalemenlsl have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 181 January 2019. The accounts {financial slatemenlsl have been prepared to give a 'lrue and fairf view and have departed from the Charities (Accounts and Reports) Regulab'ons 2008 only to the extent required to provide a 'true and fair view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They include all the separately established charitable funds for which the Surrey and Sussex Healthcare NHS Trust is the sole beneficiary. Reference and Administrative details The Charity is registered with the Charity Commission in accordance with the Charities Act 1993, registered number 1054072.11 was entered on the Central Register of Charities on the 26th March 1996 and has 4 linked charities that all share the same registered number. These linked entities are inactive, do not prepare accounts and are lo be removed from the Charity Commission. Details of these subsidiary charities are disclosed in the notes lo the financial statements set out on page 23. Charitable funds received by the Charity are aCpted, held and administered as funds and property held on trust for purposes relating lo the health setvice in accordance with the National Health Service Act 1977, the National Health Service and Community Care Act 1990. the National Health Service Act 2006. These funds are held on trust by the corporate tx)dy. The Charity's principal place of business is Surrey and Sussex Healthcare NHS Trust, Redhill. Surrey. Its postal address and other contact details are sel out on page 3 Structure, Governance and Management structure The Charity's unrestricted fund was established using the model NHS declaration of trust and all funds held on trust as al the dale of regislffttion were either part of this unrestricted fund or registered as separate restricted funds under the main Charity. Subsequent donations and gifts received by the Charity that are attributable lo the original funds are added to those funds within the existing Charity. At 31st March 2022 the Charity comprised 9 individual fvnds. The notes to the accounts distinguish the types of fund held. Governance The Trustee The Surrey and Sussex Healthcare NHS Trust is the Corporate Trustee of the Charity govemed by the law 8pplicable to Trusts, principally the Trustee Act 2000 and the Charrties Acts 2011. The NHS Trust Board I'the Board'l has devolved responsibility for the Onoing management, investment and disbursement of Charitable Funds lo the Charitable Funds Committee I the Committee"}, which administers the funds on behalf of the Corporate Trustee and also ensures compliance with the laws governing charitable funds. The Committee's membership (listed on page 31 comprises non-executive directors, executive directors and other members of staff and is chaired by a non-execulive director.
SASH Charity- Registered No. 1054072 A quorum shall be no fewer than 4 members present comprising of two Non-Execulive Directors and iwo Executive Directors. One of the two Non-Execulive Directors musl be the Chair of the Charitable Funds Committee and two of the Executive Directors must be the Chief Finance Officer or Deputy and Chief Nurse or Deputy. The Committee meets al least three limes a year. The current members oflhe Board and ofthe Committee are set out on page 2. Recruitment of Board and Committee members Non-Execulive Members of the Trust Board were appointed by the NHS Appointments Commission land by NHSI previously known as TDA as from 151 April 20131. Executive Members of the Board are subject to recruitment by the NHS Trust Board. Members of the Board and the Committee are not individual Iruslees under charity law bul act as agents on behalf of the Corporate Trustee. Management Acting for the Corporate Trustee, the Committee is responsible for the overall management of the Charity. As well as ensuring that the Committee meets ils fulfilmenl of its annual work plan, this review ensures that the stewardship and integrity of charitable funds are maintained. Core duties, wlhin the terms of reference. include the following.. Safg Custody To authorise expenditure where an individual item has a value of more than £2,000 in line with the NHS Trust's Scheme of Delegation. To review the income and expondilure for all funds and to be satisfied that there is an appropriate and Tobusl system of control over income and expenditure. To ensure that policies and procedures are in pla to meet the requirements of the Charity Commission and the laws governing charitable funds. Compliance To act on behalf of the NHS Trust in satisfying the duties and responsibilities of the Corporate Trustee in managing the funds. To aulhoriselagree the establishment of new funds and new charities. To review legacies received and ensure that the NHS Trust complies with the terms of the legacy. To encourage the appropriate use of Charitable Funds and to ensure Fund Managers carefully consider the use of these funds based on the Donor's intenlionslwishes. To receive and review all audit reports on Charitable Funds and to monitor implementation of audit recommendations. Investments 8nd fund raising To establish an investment strategy and monitor tho performance of investments. To oversee the investment strategy of the Charitable Funds as required by the Trustee Investment Act 1961 and the NHS Acts. Consider future ¢haritable c2mpaigns including the nature of events and objectives. To ensure that donations and investment income or 105ses are attributed to individual funds appropriately. Accounts and similar requirements To review and adopt the Trustee Annual Report (which includes the financial slatementsl in line with the requirements of the Charity Commission and the laws governing charitable funds. To ensure the online submission of the Charity's Annual Return by 3151 January as required by the Charity's Commission. The Charity does not directly employ any staff. The day to day administration as well as the core accounting function is carried out by the NHS Trust Finance and Communications Departments located al Surrey and Sussex Healthcare NHS Trust, Trust Headquarters, Redhill, Surrey, RH1 5RH. This incorporates the coding and authorisation of income and expenditure. preparation and review of monthly management accounts as well as the year end slalulory accounts., review and reorganisation of funds.. inler-company reconciliations,. liaising with banks.. raising cheque schedules.. dealing with audit queries and providing advice and support to the fund holders within the Trust.
SASH Charity - Registered No. 1054072 Risk and Controls Management Controls Environment The Charity continue5 to review ils contro15 environment 50 that il can identify areas of risk and take appropriate steps to mitigate that risk. The Committee works to a high-level work plan lo ensure that governance and stewardship al a strategic level are rnet. Expenditure Criteria Prepared rules used to clarify the approprtateness of expenditure from charitable funds are reviewed regularly. This included a summary of the Charity's Commission key criteria used lo determine the appropriate use of charitable expenditure, after exhausting available Trust funds, and whether they confer a charitable benefit. The assessment included 51aff training. gifts provided to staff, purchases of revenue equipment and also capitsl expenditure. The committee is comfortable with the expenditure guidance in pla. Investment Strategy and Policy The Charity has an investment policy to outline the criteria within which robust decisions can be made lo invest surplus charitable funds. This includes the Charity's aim lo earn a return above the rate of inflation whilst maintaining a low risk altitude lo ils inveslmenls. The criteria recognised that within the current economic climate inveslrnents may be required for a longer term. Additionally, any investments needed to be made within an ethical framework. The policy also ensures relenb'on of cash surplus for its immediate working capital requirements and held in reserve lo miligale any risk arising from unexpected overspends. This policy was reviewed in July 2021 and will be reviewed again in July 2023. Terms of Reference The terms ol reference under which the Charity operates are reviewed annually. Tt)e Charity framed by reference lo the Charities Act 2011 reaffirm that governance and compliance arrangements are examined within this annual review to ensure that the goals and objectives of the Charity are being fully met. The Committee reviewed the terms of reference in April 2022, Compliance and Committee Workplan To further manage risk the Charity works within the financial controls operated by the SLJrrey and Sussex Healthcare NHS Trust Board. This includes compliance with the Standing Orders and Standing Financial Instructions which provide a firm framework for the management of risk. The Committee agreed a working action plan lo ensure that the agenda sel for the year was met. This provides a useful check on self-appraisal of the Committee in its effectiveness of control and scrutiny over charitable operations, governance and complian. As a result of the above, the Committee confirms il believes that it has reviewed the major risks to which the Charity is exposed and that systems or procedures have been established lo manage those risks. Professional advisors From time to lime the Committee. on behalf of the Corporate Trustee, may lake professional advice. Details of the Charity's principal professional advisors are sel out on page 3. Objectives and Strategy Charitable object The Charity's Umbrella Fund has an NHS wide object, expressed in ils constitution document as follows.. 'The Iruslees shall hold the trust fund on trust to apply the income and at their discretion, so far as may be permissible, the capit21 for any charitable purpose orpurposes relating to the National Health SeNice. The Trustees confirm that they have complied with the duly in section 4 of the Charities Act 2011 to have due gard lo the public benefit guidan published by the Charity Commission in determining the activities undertaken by the Charity lo support the Trust in providing servi$ and facilities which are for the benefit of the public.
SASH Charity- RegiSted No. 1054072 Funds strategy The Corporate Trustee fulfils its legal duty by ensuring that monies are spent firstly in accordance with the Charity's legal objective5 and secondly, within that objective, in aGcordance with the objectives of each of its individual funds. Where monies have been received that have specific reslriclions sel by the donor, a reslricled fund has been estsblished. Where donations are received with no specific restrictions allached to them, they are placed in unreslricled funds sel up by the Trustee. to respect the wishes of our generous donors lo benefit patient care and advance the good health and welfare of patients, carers and staff. The restricted and unrestricted funds are allocated lo wards or departments within the NHS Trust's management structure. Each fund is managed by appointed Fund-holders who ensure that the fund is used for ils agreed purpose. For example. there are funds for Cancer, Gastroenterology and Neo natal seNices amongst others. The notes to the accounts on page 14 10 23 list the principle $trIcted and unrestricted funds held by the Charity and the income and resources expended. Partnership Working and Networks The main beneficiary of the Charity is SUeY and Sussex Healthcare NHS Trust and'it Is a related party by virtue of being Corporate Trustee of the Charity. By working in partnership with the NHS Trust, the Charity's funds are used lo best effect. The main aclivilies. objectives. strategies and plans of the NHS Trust are given regard when deciding upon the most beneficial way lo use the Charity's funds. SASH Charity has an agreed fundraising strategy presented by the fundraising manager who will support the delivery of the strategy objectives and raise the profile of the Charity with Trust staff and external audiences. Their focus includes reviewing the options for targeted fundraising campaigns lo raise funds for the general fund to support the purchase of substantial items for the benefit of patients and visitors to the hospital. The Trust receives supportfrom another Charity that of the Friends of East Surrey Hospital which is a separately registered Charity bul has similar objects lo that of this Charity. SASH Charity works alongside the Friends of East Surrey Hospital. Our Activities and achievements Scopg of activities During the year, the Committee has continued to focus the use of the Charity's resources for the benefit of Surrey and Sussex Healthcare NHS Trust. Governance The Charity continues lo follow the terms of reference that govern its work whiGh were appToved by the Charitable Funds Committee. Charitable expenditure SASH Charity raises funds to help the Trust go above and beyond what would otherwise be possible. to deliver great experiences for SASH patients and staff. During 2021122. the Trust and the Charity has been extremely grateful for the continued high levels of support Irom the public for NHS staff. These high levels of support first rose al the beginning of the COVID pandemic in 2020. At that time SASH Charity launched a staff wellbeing appeal which included an aim to provide a thank you event for colleagues once it was possible to do so. In September 2021 the Charity and the Trust worked with Flower Farm in Godstone lo hold a unique Ihree-day thank you event- 'The Big SASH Thank You,. Open lo people who worked al SASH and their families, the event included live music, discounted refreshments and family entertainment. The feedback from attendees was overwhelmingly positive and, after such a challenging period, it was excellent to see people relaxing and enjoying each other's company. Alongside the event, SASH Charity funded covered outside seating al East Surrey Hospital and improvements to staff break area5 at Crawley, Horsham, Calerham Dene and the Earlswood Centre.
SASH Charil - Registered No. 1054072 In addition to the staff welfare appeal, 2021122 saw the culmination of the SASH Charity appeal lo raise funds for East Surrey HospitaS's neonatal unil, Olive's Appeal. In March 2022 SASH Charity announced the appeal had successfully funded five state-of-the-art incubators for premature babies. The fundraising was down lo generous donations from the local community, as well as sUPPOrt from the Morrisons Foundation, and the Reigate based Peter Harrison Foundation. The Charity con11nues to fund a host of other ideas from colleagues. This year this has included live music for people in hospital. art work for waiting rooms. games lo entertain children on the paediatric wards and a new partnership with a local domestic abuse service. Funding for a coaching application programme for divisional chiefs, divisional Chief nurses and associate directors is ongoing. A comprehensive list is available on the Charity's website. The wards received many charitable donations specifically given lo thank the nursing staff. These have been placed in the appropriate fund or ring. fend in the SASH General fund and used for charitable activities that will benefit staff. Charitable activities undertaken by the Surrey and Sussex Healthcare NHS Trust and its employees are reimbursed directly by the Charity. Charitable Receipts - Promotlon l Fund Raising SASH Charity continued ils drive lo promote the aims of the charity and to increase donations. This included raising prominence of the Charity on the Trust's website with greater visibility of the "donate. option and links lo pages with further information on how charitable donations have been spent with pictures of fundraising events, services and items purchased from charitable donations. The Charity secured ongoing support from the communication team and made donation easier for members ol public via our SASH Charity website. our JustGiving page, Viryin Money Giving page and Good Box donation points in the hospital corridor. Although the Charity can make funds available lo sponsor non-commercial research, il does not do so. Details of significant donations and legacies to the NHS Trust are given in the Financial Review below in the statement of Financial Aclivilies. Financial Review Corporate Trustee's responsibilities for the financial statements The Corporate Trustee is required by charity law to prepare financial slalemenls for each financial year, which give a true and fair view of the stale of affairs of the Charity and of the surplus or deficit ol the Charity as al the end of the financial year. In preparing those financial slalements the Trustee is required lo.. Select suitable accounting policies and then apply them consislenlly., Make judgments and estimates that are reasonable and prudent". Slate whether applicable UK Accounting Standards have L)een followed, subject to any material departures disclosed and explained in the financial stalemenls.. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustee is also responsible for.. Keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act2011. Safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustee confirms that it has complied with the above reqUIreents in preparing the financial slatemenl5. Basis of accounting The annual financial slalements of the Charity are attached lo this report. They have been prepared using the statement of Recommended Practice.. Accounting and Reporting by Charities SORP FRS 102 issued in August 2014. As part of the preparation of these financial slatemenls, the Corporate Trustee has reviewed all the Charity's key accounting policies lo ensure that they continue to be in accordance with the requirements of the Charity SORP and of best accounting practice.
SASH Charity- Registered No. 1054072 Review of the year The Charity continues to rely on donations as the prime source of income. In 2021-22 voluntary income receivable excluding grants totalled £162k 1£293k in 2020-211. Grants in 2020-21 totalling £337k were receivable Ino grants were receivable in 2021-221. The Charities revaluation gained totalled £48k in 2021-221£81 k in 2020-211. Total expenditure was £595k1£377k in 2020-211. An analysis of resources expended on charitable activities is provided in the statement of financial aclivilies. The Charity's main asset continues to be the Charities Official Investment Fund ICOIFI account, amounting lo £462k at 31st March 20221£414k in 2020-211 (Note 131. Cash held in the Royal Bank of Scotland is lo service day-to-day expenditure amounted lo £194k al 3151 March 20221£644k at 31 sl March 20211. Cash which is not used for day-to-day expenditure, and which is surplus to the investment are held on deposit wlh COIF1£144k at 31$1 March 2022,. £143k at 31$1 March 20211 INole 15}. The net assets of the Charity at 31st March 2022 were £762k1£1,147k at 318t March 20211, a decrease of £385k due mainly to the purchase of specialist medical equipment 2021-22. Going concern Expenditure is only aulhorised after it has been ascertained that there are sufficient funds within the individual charitable fund lo support the expenditure. In addition, the Trustee approve the Charity budget for the coming year. The Trustee therefore has a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing these accounts. The trustees consider that there are no material uncertainties about the SASH Charity's ability to continue as 8 going concern. There are no material uncertainties affecting the current year's accounts. In future years, the key risks to the SASH Charity are a fall in income from donations or investment income but the trustees have arrangements in place lo mitigate those risks. Reserves The Charity currently hold5 its cash surpluses on an immediate access cash deposit account held with COIF with the balance held in the bank for day-to4ay cash requirements. The Charity invested £200k of surplus funds into a long-term equily-based investment fund in February 2013. Investment policy* powers and perfomiance In 2011112 the Committee approved an investment policy and strategy lo invest surplus funds into a suitable form of investment and agreed to invest surplus funds into both long term and also short-lerm investments with CCLA Investment Management Ltd. This comprises of an investment of £200k into COIF which is a long-lerm investment, mainly in equities. The investment revaluation al 31st March 2022 is £462k1£414k al 319t March 2021).
SASH Charity - Registered No. 1054072 Our future plans During 2022-23, SASH Charity will establish a refreshed strategy for the coming three years. Thls will help develop the charity for the future, so it is increasingly well placed lo have 8 posibve impact for patients, staff, and the communities served by SASH NHS Trust. The charity will review its brand, in order to be more widely and easily understood by key audiences. It will also identify a small number of key fundraising appeals or mini appeals, to give 8 clear focus to fundraising. as Olive's Appeal draws to a successful conclusion. having already successfully funded five slate of the art incubators for the SASH neonatal unit. decor throughout, additional equipment and a brand-new family room. The charfly will deliver key projects to support staff welfare, as NHS staff face increasing pressure. This will include completion of additional rest areas funded through our COVID-19 appeal, and grants from NHS Charities Together. These will be designed to be used by both staff, patients, and visitors to SASH NHS Trust hospitals. Alongside this a key element of the charity's approach in the coming year and beyond, will be to increasingly seek lo work in partnership with other expert organisalions, in order lo achieve greater impact wlh available funds. More information is available online at www.sashcharil Acknowledgement On behalf of the staff and patients who have benefited from improved services due lo donations and legacies, the Corporate Trustee would like to thank all patients, relatives and staff who have made charitable donations. Approved on behalf of the Corporate Trustee 1010712023 Yasmin Khan, Chairof the Charitable Funds Committee 10
SASH Charity- Registered No. 1054072 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SASH CHARITY I report lo the Iruslees on my examination of the accounts of the SASH Charity for the year ended 31 March 2022. which are sel out on pages 12 10 24. This report is made solely to the charity's trustees, as a body, in accordance with Regulation 31 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the charity's Iruslees those matters l am required to stale lo them in an independent examinetrs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyone other than the charity's trustees as body, for my work. for this report, or for the statement I have made. Respon$lbllltles and basls for report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities A¢1 2011 {'the Act'l 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 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my allenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the SASH 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 Gomply with the accounting requirements concerning the form and content of the accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirerllenl that the accounts give a 'true and fair view, which is not a maller considered as part of an independent examination.. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in ¢onneclion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the aocounts to be reached. DocUS*j.' DA15AED75D45453 Heather Wheelhouse ACA BDO LLP 55 Baker Street London W1U7EU Date.. 10 July 2023 11
SASH Charity - Registered No. 1054072 STATEMENT OF FINANCIAL ACTIVITIES For the year endlng 31st March 2022 Unrestrlcted Funds Total Funds 2021 Restated £000 Note Restricted Funds £000 Total Funds 2022 £000 £000 Income and endowments from: Donations and legacies Total income 103 59 162 630 103 59 162 630 Expenditurg on: Raising funds Charitable Aclivilies: Medical research Purchase of new equipment Building and refurbishment - Staff education and welfare Patient education and welfare Other resources expended - Covid-19 Recovery 40 -78 -118 -93 -393 -393 -107 -50 -33 -39 -72 -122 -45 -432 -477 -284 Total expenditure -85 -510 95 -377 Nel gainslllossesl on investments Net incomellexpenditurel 17 31 48 81 35 420 -385 334 Net Movement in funds 35 420 -385 334 Reconciliation of Funds Tol81 Funds brought fotward Total Funds carried forward 961 1.147 813 221 541 762 1,147 12
SASH Charity- Registered No. 1054072 STATEMENT OF FINANCIAL POSITION As at 31st March 2022 Unrestricted Restricted Total Funds Funds Funds 2022 Total Funds 2021 Restated £000 Note £000 £000 £000 Fix8d Ass818.- COIF Investment 13 134 328 328 462 414 Total Fixed Assets 134 462 414 Currents Assets." Debtors Cash at bank and in hand Total Current Assets 14 16 22 10 15 98 240 338 787 104 256 360 797 Liabilities.- Creditors falling due within one year Not Current AssetsllLiabilitie$l 16 -17 43 -60 -17 43 40 -64 Total Assets less Current Liabilities 221 541 762 1.147 Creditors falling due after more than one year Total Not Assets or Liabilitie$ 221 541 762 1.147 The Funds of the Charlty: Restricted income funds Unrestricted income funds 18 541 541 961 221 221 186 Total Charity Funds 221 541 762 1,147 The audited financial statements on pages 12 to 24 were approved by the Trustees on and signed on their behalf by.. Yasmin Khan, Chair of the Charitable Funds Commlttee 1010712023 Paul Simpson. Member of the Charitable Funds Committee 1010712023 13
SASH Charity- Registered No. 1054072 CASHFLOW For the year ending 31st March 2022 Note Total funds 2021122 Total funds 2020121 Cash flows from operating activities.. Nel cash (used inllprovided by operating activities Dividends, Interest and rents from investments Proceeds from the sale of investments Purchase of investments 17 449 292 Net cash {used inllprovlded by investing activities -449 292 Change in cash and cash equivalents in reporting period Cash and cash equivalents at the beginning of the reporting period Change in cash and cash equivalents due lo exchange rate movements Cash and cash equivalent5 at the end of the reporting period 787 495 338 787 14
SASH Charity- Registered No. 1054072 NOTES TO THE FINANCIAL STATEMENTS For the year to 31st March 2022 1. Accounting policies al Basis of Preparatlon The financial statements have been prepared under the historic cost convention wlth the exception of investments which are included at market value. The accounts {financial slatementsl 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 the Charities Act 2011 and UK Generally Accepted Practice as il applies from January 2019. The accounts (financial statements) have been prepared lo give a 'lrue and fair. view and have departed from the Charities {Accounts and Reports) Regulations 2008 only lo the extent required lo provide a 'lrue and fair view,. This departure has involved following 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) rather than the Accounting and Reporting by Charities, Statement of Recommended Practsce effective from 151 April 2005 which has since been withdrawn. The trustees consider that there are no material UnrtaIntieS about the SASH Charity's ability to continue as a going concern. There are no material uncertainties affecting the Current year's accounts. In future years, the key risks lo the SASH Charity are a fall in income from donations or investment income bul the Iruslees have arrangements in place to mitigate those risks. The financial statements have been prepared in £ Sterling, and the figures have been rounded to the nearest £000. b) Funds Structure Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by the donor. Where the restriction requires the gift lo be invested lo produce income but the Trustees have the power to spend capital, it is classified as an expendable endowment. Unrestricted income funds comprise those funds which the Trustee is free lo use for any purpose in fvrtherance of the charitable objects. Unrestricted funds include designated funds, where the donor has made known their non-binding preference or where the Trustees, al their discretion, have created a fund for a specific purpose. Endowment funds arise when the donor has expressly provided that the gift is to be invested and only the income of the fund may be spent. These funds are sub analysed between those where the Iruslees have the éiscrelion to spend the capital {expendable endowment) and those where there is no discretion lo expend the capital Ipemianent endowmenti. The Charity does not have an endowment fund. ¢1 Incoming resources All incoming resources are recognised once the Charity has enlitlemenl lo the reSoUrs, it is probable (more likely than noll that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability Where there are terms or conditions allached to incoming resources, particularly grants. then these terms or conditions must be mel before the income is rec(nISed as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be mel then the relevant income is not recognised in the year bul deferred and shown on the balance sheet as deferred income. 15
SASH Charity- Registered No. 1054072 Incoming resources from legacies Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy Ss probable. Receipt is probable when- Confirmation ha5 been received from the representatives of the estate{sl that probate has been granted. The executr)rs have established that there are sufficient assets in the estate lo pay the legacy and All conditions attached lo the legacy have been fulfilled or are within the Charity'$ control. If there is uncertainty as lo the amount of the legacy and il cannot be reliably estimated then the legacy is shown as a contingent asset until a51 of the conditions for income recognition are met. dl Incoming expended and irrecoverable VAT All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo each category of expense shown in the Statement of Financial AGtivities. Expenditure is recognised when the following criteria are mel.. There is a present legal or conslruclive obligation resulting from a past event. It is more likely than not that a transfer of benefits (usually a cash paymenll will be required in selllemenl. The amount of the obligation can be measured or eslimaled reliably. Irrecoverable VAT is charged against the category of resources expended for which il was incurred. el Recognition of expenditure and associated Ilabllltles as a result of grant Grants payable are payments made to linked, related party or Ihird-party NHS bodies and non-NHS bodie5, in furtherance of the charitable objectives of the funds held on trust. primarily relief of those who are sick. Grant payments are recognised as expenditure when the conditions for their payment have been met or where there is a conslruclive obligation lo make a payment. A conslrltclive obligation arises when.. We have communicated our intention lo award a grant lo a recipient who then has a reasonable expeclalion that they will receive a grant. Vve have made a public announcement about a commitment which is specific enough for the recipient to have a reasonable expectation that they will receive a grant. There is an established pallern of practice which indicates lo the recipient that we wll honour our commitment. The trustees have control over the amount and timing of grant payments and consequently where approval h8S been given by the trustees and any of the above criteria have been met then a liability is recognised. Grants are not usually awarded with conditions a112ched. However, when they are then those conditions have to be mel before the liability is recognised. Where an intention has not been communicated, then no expenditure is recognised but an approprlale designation is made in the appropriate fund. If a grant has been offered bul there is uncertainty as lo whether it will be accepted or whether conditions will be rDet then no liability is recognised but a contingent liability is disclosed. 16
SASH Charity- Registered No. 1054072 fl Allocatlon of support costs Support costs a those costs which do not relate directly to a single activity. These include some staff costs. costs of administration, independent examination costs and IT support. Support Costs have been apportioned beeen fundraising Costs and charitable activities on an appropriate basis. The analysis of support costs and the bases of apportionment applied are shown in note 9. Overhead and support Costs are allocated either as a direct cost or apportioned on an appropriate basis between Charitable Activities and Governance Costs. Once allocation andlor apportionment of overhead and SUPF)Ort costs have been made between Charitable Activities and Governance Costs, the cost allributable to Charitable Activities is apportioned across those activities in proportion to their opening fund balance. g) Fundraising costs The costs of generating funds are those costs allributable 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. h) Charltable Activities Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the Charity. These costs, where not wholly allributable. are 8pporlioned between the categories of charitable expenditure in addition lo the direct costs. The total costs of each category of charitable expenditure include an apportionment of support costs as shown in note 7. i) Flxed asset investments Investments are a form of basic financial inslrumenl. Fixed asset investments are initially recognised al their transaction value and are subsequently measured at their fair valtje Im8rkel value) as at the balance sheet date. The Slalement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Quoted stocks and shares are included in the BaSance Sheet at the current market value quoted by the investment analyst. excluding dividend. The main fom) of financial risk faced by the Charity is that of volatility in equity markets and investment markets due lo wider economic conditions, the allilude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Il Debtors Debtors a amounts owed lo the Charity. They are measured on the basis of their recoverable amount. kl Cash and cash equivalents Cash al bank and in hand is held to meet the day to day running costs of the Charity as they fall due. Cash equivalents are short term, highly liquid investments, usually interest-bearing savings accounts. 11 Creditors Creditors are amounts owed by the Charity. They are measured al the amount that the Charity expects lo have to pay to settle the debt. Amounts which are owed in more than a year are shown as long-term creditors. ml Realised gains and losses All gains and losses are taken lo the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening carrying value (purchase date if later}. Unrealised gains and losses are c21culaled as the difference between the market value al the year end and opening carrying value lor purchase dale if lalerl. 17
SASH Charity- Registered No. 1054072 n) Pensions The Charity does not employ any staff and therefore no direct pension costs are in¢urred. 2. Prior year comparatives by type of tund The primary statements provide prior year comparatives in total,. this note provides prior period comparatives for the Statement of Financial Activities and the Financial Position for the unrestricted and reslricled funds. 2a Unrestricted funds- Statement of Flnancial Activity for the year ended 31st March 2022 2021 Restated £'ooo 2022 £'ooo Income and endowmentsfrom: Donations and legacies Total incoming resources Expenditure on.. Raising funds Charitab5e activities Total expenditure 103 107 107 103 -40 -45 -93 -88 -85 -181 Net gains/llossesl on investments Net income/{expenditurel 17 19 35 -55 Net Movement in funds 35 -55 Reconciliation of Funds Total Funds brought forward Total Funds carried forward 186 241 310 186 Unrestricted funds- Statement of financial Position as at 31st March 2022 2021 Restated £'ooo 148 2022 £'ooo 134 Fixed Assets: Investments Total Fixed Assets 134 Current Assets: Debtors Cash and cash equivalents Total Current Assets Liabilities: Creditors falling due within one year Total Current Liabllitles Total Assets less Current Liabilities Creditors falling due after more than one year Total Unrestrlcted Fund5 98 102 104 191 -17 -64 -17 -64 2ZI 186 221 186 18
SASH Charity- Registered No. 1054072 2b Restrirted funds- Statement of Flnanclal Actlvlty for the year ended 31st March 2022 2021 2022 Restated £'ooo £'ooo Income and endowments from: Donations and legacies Total incominE resources Expenditure on: Raising fund5 Charitable activities Total expenditure 59 523 59 523 -78 -432 -196 -510 -196 Net gairbs/llossesl on investments Net (expenditurelincomel 31 420 62 389 Net Movement In funds -420 389 Reconciliation of Funds Total Funds brought forward Total Funds carried forward 961 572 541 961 Restricted funds- Statement of Flnancial Posltion as at 31st March 2022 2021 Restated £'ooo 266 2022 £'ooo 328 Fixed Assets: Investments Total Fixed A5setS Current Assets: Debtors Cash and cash equivalents Total Current Assets 328 266 16 io 685 240 256 695 Liabilities: Creditors falling due within one year Total current li3bilities Total Asset5 less Current Liabilities Creditors falling due after more than one year Total Restricted Funds -43 -43 541 961 541 961 3. Related Party Transactions The Surrey and Sussex Healthcare NHS Trust is the sole beneficiary of the Charity. The Charity reimburses the Trust for staff providing financial and administrative services to the Charity. The Trust incurred charitable expenditure of £595k1£377k in 2021-22} which has been recharged from the Trust to the Charity. During the year none of the members of the NHS Trust Board or senior NHS Trust staff or parties related to them were beneficiaries of the Charity. Neither the Corporate Trustee nor any member of the NHS Trust Board 19
SASH Charity- Registered No. 1054072 has received honoraria. emoluments or expenses in the year and the Tru51ee has not purchased trustee indemnity insurance. 4. Income from donations Unrestricted funds Restricted Total 2022 funds Total 2021 Restated £000 198 95 337 630 £000 95 £000 59 £000 154 Donations from individuals Corporate donations Grants Total 103 59 162 Donations remain as the prime steady source of income. During the financial year 2021122 no legacies were receivable. A fundraising campaign was launched for the Olive's Appeal in 2019 and the campaign raised £33k in 2021- 2022 {£81 k in 2020-2021). 4.1. Analysis of Grants receivable Unrestricted funds Restricted funds Total 2022 Total 2021 Restated £000 210 50 77 337 £000 £000 £000 NHS Charities Together Stage 1 NHS Charities Together Stage 18AME Others Total 5. Role of Volunteers There were no volunteers directly associated with the Charity. 6. Analysis of expenditure on raising funds Unrestricted funds £000 Restricted funds £000 Total 2022 £000 Total 2021 £000 Fundraising events Independent examinats'on costs Support costs Total -38 -40 -78 -78 -116 -118 -81 -93 7. Analysis of charitable expenditure Grantfunded activity £000 Support costs £000 -393 Total 2022 £000 -393 Total 2021 £000 -107 Purchase of new equipment Building and refurbishment Staff education and welfare Patient education and welfare other resources expended Total -49 -123 -284 -72 477 -72 477 The Charity supports Surrey and Sussex Healthcare NHS Trust in providing healthcare for patients through the purchase of a rallge of items for the direct benefit of patients and includes staff training and education. 20
SASH Chari Re istered No. 1054072 8. Analysis of grants paid No Grants were paid in 2021-2022. £18k Grant was awarded for the development of a Mental Health Educational Game in 2020-21. 9. Allocation of support costs and overheads Raising funds £000 Charitable activities £000 2022 Total £000 2021 Total £000 Basls Independent examination costs Other professional fees Governance Salaries and related costs Computer expenses Total -3 Expenditu Expenditure -117 -117 -90 Salaries Expenditure -117 -118 -93 Unrestrieted funds £000 Restricted funds £000 Endowment funds £000 2022 Total £000 -118 -118 2021 Total £000 -93 -93 Raising funds 40 40 -78 -78 10. Trustees. remuneration, benefits and expenses The Charity's sole trustee is The Surrey and Sussex Healthcare NHS Trust. It received no remuneration or benefits in the current or prior period. No trustee expenses have been incurred in the current or prior period which have not already been mentioned in note 3. 11. Analysis of staff costs and remuneration of key management personnel The Charity does not employ any s18ff. Only the costs of the Trust's staff that Spend a material amount of lime on the Charity's affairs are recharged to the Charity. In 2021-22 this charge amounted lo £117k {£81 k in 2020- 211. 12. Independent examiner's remuneration The independent examiner's remuneration is the fee chargeable by our extemal examiners IBDO LLP) for their independent examination of the 2021-22 annual accounts. The oost of £8k in 2021122 was offset by the release of a prior year accrual. 21
SASH Charity- Registered No. 1054072 13. Fixed asset investments Investments The Charity invested surplus funds intr) the Charities Official Investment Fund. This is a long-term investsment and is made up mainly from equlties. Movement in fixed asset investments 2022 £000 414 48 462 2021 £000 333 81 414 Market value brought forward Add net gain on revaluation Total Flxed asset investments by type 2022 £000 462 462 2021 £000 414 414 COIF Investment Fund Total 14. Analysis of current debtors 2022 £000 2021 £000 Gift Aid - Accrued Income Prepayment Other debtors Total 18 22 10 15. Analysis of cash and cash equivalents 2022 £000 194 144 338 2021 £000 644 143 787 Cash in hand IRBSI Notice deposits COIFI Total These monies are retained for day-lo-day use. Surplus funds are held on deposit with COIF. 16. Analysis of liabilities 2022 2021 Restated £'ooo Creditors due in under l year £'ooo Accruals Total 60 60 64 64 Accruals are in the main £15k SASH recharges (including SASH staff salary recharges), £45k purchasing accruals. The Charity makes use of the Trust's purchaslng system lo procure its supply of goods and services which Is maintsined and supported under contract with NHS Shared Business Service and provides efficiencies and economies of scale through the Trust's supplier- purchaser relationships as well as the purchasing power of the Trust lo dictste favourable terms and conditions. 22
SASH Charity- Registered No. 1054072 17. Reconciliation of net Jncomel(expenditure) to net cash flow from operating activities 2022 £000 2021 Restated £000 333 Net for 2021122 las per the Statement of Financial Actlvltlesl Adjustments for: IG8inslllosses on investments Dividends, interest and rents from investments Ilncreasel in debtors Ilncreasellincrease in creditors Net cash (used in}Iprovided by operating activitigs -385 48 -81 -12 42 291 449 18. Analysis of charitable funds al Analysis of Restricted fund movements Restricted funds comprise the followng.. Balance blfwd Incomo Expenditure Restated £'ooo Galns & Losses Fund clfwd Fund Title £'ooo £'ooo £'ooo £'ooo Dorothy France Legacy Legacy Limpsfield Ward - l L Edwards Premature Baby Fund IBD Fund Cancer Support Centre Surrey & Sussex Reslricled Ring Fenced Bayer Restricted Grant 14 50 13 33 10 32 127 325 34 -54 15 420 361 89 961 18 -293 -67 -89 -510 24 59 31 541 A temporary restricted fund was created 'Surrey & Sussex Reslricled Fund. to allocate the legacy donations received towards the end of the year until appropriate new restricted funds are opened. bl Analysis of Unrestricted fund movements Unrestricted funds comprise the following.. Balance blfwd Restated £'ooo 186 Fund Tltle Income Expenditure Galns & Losses Fund ¢lfvJd £'ooo £'ooo £'ooo £'ooo 221 Corporate Total Unrestrieted Funds 103 -85 186 103 -85 17 221 23
SASH Charity- Registered No. 1054072 19. Subsidiary charities The Umbrella Charrty- SASH Charity- has 4 linked registered charities, as follows.. Name of Charlty Oescrlption, nature and purpose of the fund Surrey and Sussex Healthcare National Health Service Trust (Expendable Funds) Common Investment Fund. To combine the investments and money belonging to the ch8rih.es and representing expendable funds into one pooled fund. The Surrey and Sussex Healthcare Educational, Development and Research Fund FOT any charitable purposes, principally but not exclusively at or in connection with Surrey and Sussex healthcare NHS Trust which will further the advancement of scientific and medical education and research. The Surrey and Sussex Healthcare Equipment Fund For the relief of sickness by the provision and maintenance of medical and non-medical equipment for the benefit of the Surrey 2nd Sussex Healthcare NHS Trust. The Surrey and Sussex Healthcare Wards and Departments Fund For any charitable purpose or purposes relating lo the NHS wholly or mainly for the wards and departments of the Surrey and Sussex Healthcare NHS Trust. 20. Prior period adjustment During the prior year there was a gain on investments of £81 k. This had been incorrectly presented within investment income. This has been corrected in the current year by reallocating the prior year £81 k gain to net gainslllossesl on investments. During the prior year a grant was received of £89k which was incorrectly allocated to deferred income. This should have been recognised as income In the year and allocated to reslricled funds. This has been corrected in the prior year comparatives. Please see the table below which shows the restated figures. Also in the prior year, a £50k BAME grant was received. of which £12k was spent in Ihe year. The remaining £38k was incorrectly allocated lo deferred income. The grant should have been recognised in full as income in the year and allocated lo reslricled funds. This has been corrected in the prior year COfTTrparalives. Please see the table below which shows the restated figures. The reconciliab'on of nel incomellexpendilurel to nel cashflow from operating activities for the prior year has been restated by remova5 of the increase in deferred income of £127k. As previously reported Adjustment at 3110312022 £000 -127 127 As reslaled at 3110312022 £000 £000 127 502 Deferred income Donations 603 24