NHS Surrey and Sussex Healthcare NHS Trust SASHCHARITY Your hospital charity SASH CHARITY ANNUAL REPORT AND ACCOUNTS For the year ended 31" March 2023 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 SLJssex Healthcare NHS Trust. The members of the NHS Trust Board who were in post at the dale on which the Trustee's report was signed were.. Richard Shaw Chair Non-Executive Director De ul Chair Non-Executive Director & Deputy SID Chair of Charitable Funds Committee from tember2022 Non-Executive Director and member of the Charitable Funds Committee from September 2019 to September 2022 Chair of Audit Committee from September 2022 Non-Execulive Director Non-Execulive Director Non-Execulive Director Chief Executive Officer Commenced as Chairman November 2018 Commenced Au ust 2014 Commenced July 2019 Pauline Lambert Yasmin Khan Paula Swann Commenced April 2019 David Sadler ne Phoenix Julie Bass Angela Stevenson Commenced March 2017 Commenced Se tember 2022 Commenced Se lember 2022 Commenced December2021 PrevioLJsly Chief Operating Officer 2015 Commenced December 2007 Paul Simpson Chief Finance Officer and member of the Charitable Funds Committee Director of IT Medical Director Chief O erali Officer Chief of People & Culture Ben Eml Ed Celli Karen Breem Elizabeth awade Colin Pink Commenced Ma 2021 Commenced Januar 2019 Commenced November 2022 Commenced August 2021 Acting Director of Corporate Affairs and Governance and member of the Charitable Funds Committee Volin Boaid Memberlchief Nurse Commenced December 2021 Tina Helherin lon Commenced Ma 2023
SASH Charily - Registered No. 1054072 Management The Surrey and Sussex Healthcare NHS Trust Board has devolved responsibility for the on-going management of funds lo the Charitable Funds Committee, which administers the fund on behalf ol the Corporate Trustee. The Commillee acts independently of the Board. The Members of the Committee are-. Yasmin Khan Non-Execulive Director (Associate), Deputy SID and member of the Charitable Finds Committee from August 2019 Chair of Charitable Funds Committee from Se lember 2022 Non-Execulive Director and member of the Charitable Funds Committee from August 2019 Chair of Charitable Funds Committee from Se lember 2019 to Se lember 2022 Volin Board Memberlchief Nurse Associate Non-Execulive Director Chief Finance Officer and member of the Charitable Fund5 Committee Acting Director of Corporate Affairs and Governance and member ol the Charitable Funds Committee Deputy Chief Nurse and member of the Charitable Funds Committee Head of Charity and member of the Charitable Funds Committee Charitable Funds Fundraiser Non Votin Head of Communications Assistant Director of Finance (Financial Re ortin and Control Financial Accountant Commenced July 2019 Paula Swann Commenced April 2019 Tina Hetherin Julie Bass Paul Simpson lon Commenced Ma Commenced Se 2023 lember 2022 Commenced December 2007 Commenced December 2021 Colin Pink Paula Tucker Commenced November 2018 Andrew Bickerdike Raquel Freudenbe Asha Bro Coral Jackson Commenced February 2019 Commenced January 2021 er COmmend March 2023 Commenced October 2004 Sharon B rne Commenced October 2017 Principal Office Finance Department Surrey and Sussex Healthcare NHS Trusl Room AD15, Trust Headquarters East Surrey Hospital Canada Avenue Redhill Surrey RH1 5RH Telephone.. 01737 768511 Ext 1785 Principal Advisors: Bankers Royal Bank of Scotland 50-54 High stet Crawley West Sussex RH10 1YZ Independent Examiners BDO LLP Investment Managers Sollcitors CCLA Investment Capsticks Management Ltd 1 Sl George's House One Angel Lane Wimbledon London London EC4R 3AB SW19 4DR 2 Blagrave Street Reading RG1 1AZ
SASH Charity- Registered No. 1054072 REPORT OF THE CORPORATE TRUSTEE Surrey and Sussex Healthcare NHS Trust, as Corporate Trustee of the SASH Charity Iname changed from Surrey and Sussex Healthcare NHS Trust Charitable Funds). presents their Annual Report and Financial Statements of the Charity for the year ended 31 st March 2023. The accounts (financial slalemenlsl h2ve been prepared in accordance with the Slalement of Recommended Practice.. Accounting and Reporting by Charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}, the Charities Act 2011 and UK Generally A¢pIed Practice as il applies from 1st January 2022. The accounts Ilinancial slalementsl have been prepared lo give a 'lrue and lair, view and have departed from the Charities IAccounls and Reports) Regulations 2008 only lo the exlenl 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 Ihe UK and Republic ol Ireland IFRS 102). They include all the separately established charitsble funds for which the Surrey and Sussex Healthcare NHS TrLJsI is the sole beneficiary. Reference and Administrative details The Charity Is Tegislered with the Charity Commission, 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 to the financial statements gel out on page 23. Charitable funds received by the Charity are accepted. held and administered as funds and property held on trust for puiposes relating lo the health service in accordance with the National Health Service Act 1977, the Nalional Health Service 2nd Community Care Act 1990, the National Health Service Act 2006 These funds are held on trust by the corporale body. The Charity's principal place of business is Surrey and Sussex Healthcare NHS Trust, Redhill, Surrey Its postal address and other contact details are set out on page 3. Structure, Governance and Management structure The Charity's unreslricled fund was established using the model NHS declaration ol llusl and all funds held on trust as al the dale of registration were either part ol this unreslricled fund or registered as separate reslricled funds under the main Charity. Subsequent donations and gifts received by the Charity that are allribulable lo the original funds are added lo those funds within the existing Charity. Al 31 sl March 2023 the Charity comprised 10 individual funds. The notes lo the accounts distinguish the types of fund held. Governance The Trustee The Surrey and Sussex Healthcare NHS Trust is the CorFX)rale Trustee ol the Charity governed by the law applicable to Trusts, principally the Trustee Act 2000 and the Charities Acts 2011. The NHS Trust Board I'the Board") has devolved responsibility for the on-going management, investment and disbursement of Charitable Funds lo the Charitable Funds Committee I the Commillee'l, which administers the funds on behalf of the Corporate Trustee and also ensures compliance with the laws governing charitable funds. The Commillee's membership Ilisted on page 3) comprises non-execulive directors, executive dire¢lors 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 two Executive Directors. One of the two Non-Execulive Directors musl be the Chair of the Charitable Funds Cotnmillee and two of the Executive Directors must be the Chief Finance Officer or Deputy 2nd Chief Nurse or Deputy. The Committee meets al least three times a year. The current members of Ihe Board and of the Committee are sel 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 1s1 April 20131. Executive Members of the Board are subject lo recruilmenl by the NHS Trust Board. Members of the Board and the Committee are not individu81 Iruslees under charity law bul act as agents on behalf of the Corporate Trustee. Management Acting lor the Corporate Trustee, the Committee is responsible for the overall management of the Charity. As well as ensuring Ihal the Committee meets its fulfilmenl of ils annual work plan, this review ensures that the stewardship and integrity of charitable funds are maintained. Core duties, within the terms of reference, include the following". Safe Custody To aulhorise expenditure where an individual item has a value of more than £2,000 in line wlh the NHS Trust's Scheme of Delegation. To review the income and expenditure for all funds and to be satisfied that there is an appropriate and robust system of control over income and expenditure. To ensure that policies and procedures are in place 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 eslablishmenl 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 lo ensure Fund Managers carefully consider the use of these funds based on the Donor's inlenlionslwishes. To receive and review all audit reports on Charitable Funds and to monitor implemenlalion of audit recommendations. Investn7ents and fund raising To establish an investment strategy and monitor the 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 charitable campaigns including the nature of events and objectives. To ensure th81 donations and investment income or lossos are allribuled lo individual funds appropri2tely. Accounts and simi18r requirements To review and adopt the Trustee Annual Report (which includes the financial slatemenlsl 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 315l January as required by the Charity Commission. The Charity does not directly employ any staff. The day to day adminislralion as well as the core accounting fLJnclion 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 aulhorisation of income and expenditure., preparation and review of monthly management accounts as well as the year end slalulory accounts.. review and reorganisalion of funds., inler-company reconciliations., liaising with banks,. raising cheque schedules", dealing with independent examination 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 continues lo review ils controls environment so that il can identify areas of risk and lake appropriate steps lo mitigate that risk. The Committee works lo a high-level work plan lo ensure that governance and stewardship al a strategic level are mel. Expenditure Criteria Prepared rules used to clarify the appropriateness of expenditure from charitable funds are reviewed regularly. This included a summary of the Charity Commission key criteria used lo determine the appropriate use of chaiilable expendituie, aller exhausting available Trust funds, and whether they confer a charitable benefit. The assessment included stall training. gills provided lo staff, purchases of revenue equipment and also capital expenditure. The committee is comfortable with the expenditure guidance in PCe. Investment Strategy and Policy The Charity has an investment policy lo outline the criteria within which robust decisions can be made lo invest surplus charitable funds. This includes the Gharily's aim lo earn a return above the rale of inflation whilst maintaining a low risk allilude lo its inveslmenls. The criteria recognised that within the currenl economic climate investments may be reqUId for 8 longer term. Additionally, any investments needed lo be made within an ethical framework. The policy also ensures retention of cash Sljrplus for ils immediate working capital requirements and held in reserve to miligale any risk aTising 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. The Charity framed by reference lo the Charities Act 2011 reattirm that governance and compliance arrangements are examined within this annual review lo ensure that the goals and objectives of the Charity are being lully mel. 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 Suirey 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 rsk. The Committee agreed a workin9 action plan to ensure that the agenda sel for the year was met. This provides a useful check on self-appraisal of the Committee in ils effectiveness of control and scrutiny over charitable operations. governance and comp5iance. As a result of the above, the Committee confirms il believes that il has reviewed the major risks lo which the Charity Is exposed and that systems or proTrdures have been eslablished lo manage those risks. Professional advisors From lime lo lime the Committee, on behalf of the Corporate Trustee, may lake professional advice. Details of the Charity's principal professional advisor5 are sel out on page 3. Objectives and Strategy Charitable object The Charity's UmbTella Fund has an MHS wide object, expressed in its conslilulion document as follows.. "The trustees shall hold the trust fund on trust lo apply the income and al Iheir discretion, so far as may be permissible, the capital for any charitable purpose orpufjioses relating to the National Health SeiCe. The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 201110 have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity to support the Trust in providing services and facilities which are for the benefit of thè public.
SASH Charity- Registered No. 1054072 Funds strategy The Corporate Trustee fullils ils legal duly by ensuring that monies are spent firstly in accordance with the Charity's legal objectives and secondly, within that objective, in accordance with the objectives of each of its individual fund5. Where monies have been received that have specific reslriclions sel by the donor, a restricted fund has been established. Where donations are received with no specific reslriclions allached lo them, they are placed in unreslricled funds sel up by the Trustee, lo respect the wishes of our generous donors lo benefit patient care and advance the good health and welfare of patients, carers and staff. The reslricled and unreslricled 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 IIBDI and Neo natal services amongst other5. The notes lo the accounts on page 15 10 24 list the principle reslricled and unreslricled funds held by the Charity and the income and resources expencled. Partnership Worklng and Networks The main beneficiary of the Charity is Surrey 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, obieclives, strategies and plans of the NHS Trust are given regard when deciding upon the most beneficial way to 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 largeled fundraising campaigns lo raise funds for the general fund to support the purchase of subslanlial items for the benefit of patients and visitors lo the hospital. The Trust receives support from 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 Scope of activities During the year, the Committee has continued lo focus the use of the Charity's resources for the benefit of Surrey and Sussex Healthcare NHS Trust. Governance The Charity conlinLJes lo follow the terms of reference that govern ils work which were approved by the Charitable Funds Committee. Charitable oxpendlture SASH Charity raises funds lo help the Trust go above and beyond what would olherwse be possible, lo deliver great experiences for SASH patients and staff. During 2022123, the Trust and the Charity has been extremely grateful for the continued high levels of support from the public for NHS staff. These high levels of support first rose at the beginning of the COVID pandemic in 2020. At that lime SASH Charity launched a staff wellbeing appeal which included an aim lo provide a thank you event for colleagues once il was possible lo do so. During 2022-23 the charity continued to have an impact for patients across Surrey & Sussex Healthcare NHS Trust, and for the wellbeing of staff, as they recover from the huge impact of the pandemic. Particulai highlights included., Donations lo the SASH Charity Can[ Fund enabled us lo fund a refurbishment of the chemotherapy suite al East Surrey Hospital, with len new Irealmenl chair5, new wall arl throughout. and an end of Irealmenl bell in the Courtyard outside the unil. We have also helped lo enhan the experience for mothers having babies al East Surrey Hospital, through funding wall murals in birthing rooms in the maternity suite, as well as smaller things
SASH Charity - Regislered No. 1054072 including lamps, fairy lights, and Blueloolh speakers lo play music, and help tailor the environment lo an individual's preferences. We established a staff hardship grants scheme. One of the fi'rst such schemes in the country. Through this scheme, members of staff who lind themselves in an unexpected financial crisis are able lo apply for a grant of up lo £500 to help. Vve have worked closely with the Trust's staff wellbeing team, who now maintain a list of the support and information available lo NHS Staff, in ordei that they can receive help from the most appropriate sourcelsl, before applying lo SASH Charity for a grant if needed. Feedback from a staff member helped by this scheme was "I can't gxpress how thankful I am. You have no idea how much this will help me. Thank you d08s not seem enough" The charity funded a new clinical psychologist role al SASH lo support the mental health of SASH staff. The role was possible thanks lo a major grant from Ihe NHS Charities T(ether COVID-19 appeal. The psychologist's support has already directly helped colleagues, with one describing the support they received as being 'lif8 changing,. We held a second, successful Big Thank You event- to thank health and care workers for their work through the pandemic. This lime we opened the event lo health and care workers and volunteers from anywhere in Surrey and Sussex. 11 was allended by staff and volunteers from 53 organisalions across Surrey and Sussex, including every hospital in Surrey, community Irusls, primary care, charities, social care workers and many more. Vve are hugely grateful lo the team al Flower Farm in Godslone for hosting this event, and lo Galwick Airport for their sponsorship of the event. We Iransilioned from Just giving lo the Enthuse online donations plallorm. which helps make il easier lor supporters lo give lo a specific appeal or cause. Al the same lime, we established a small appeal lo raise the funds for a new summerhouse in the garden of the Macmillan Cancer Cenlre. Charitable Receipts - Promotion l Fund Raising SASH Charity continued its drive lo promote the aims of the charity and lo increase donations. This includèd raising prominence of the Charity on the Trust's website with greater visibility of the "donate. option and links lo page5 with further information on how charitable donations have been spent with pictures ol fundraising events, services and items purchased from chaiilable donations. The Charity secured ongoing support from the communication team and made donation easier loi members ol public via our SASH Charity website, our JuslGtving p8ge, Enthuse page and Good Box donation points in the hospital corridor, Although the Charity can make funds available to sponsor non-commercial research, il does not do so. Details of significant donations and legacies lo the NHS Trust are given in the Financial Review below in the Slalemenl of Financial A¢livilies. Financial Review Corporate Trustee's responsibilities for the financial statements The Corporate Trustee is required by charity law lo prepare financi81 statements for each financial year, which give a true and fair view of the slate 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 slalemenls the Trustee is required to.. Select SLJilable accounting policies and then apply them consislenlly., Make judgments and eslimales that are reasonable and prudent., Slate whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial slalemenls., Prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the charity will continue in business.
SASH Charity - Registered No. 1054072 The Trustee is also responsible for.. Keeping proper accounting records that disc105e with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial slalemenls comply with the Charities Ac12011. Safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularilies. The Trustee confirms that il has complied with the above requirements in PTep8ring the financial stalemenls. Basis of accounting The annual financial statements of the Charity are allached lo this report. They have been prepared using the Slalemenl of Recommended Practice.. Accounting and Reporting by Charities SORP FRS 102 issued in August 2014. As part of the preparation of these financial slalemenls, the Corporate Trustee has reviewed all the Charily's key accounting policies to ensure that they continue lo be in accordance with the requirements of the Charity SORP and of best accountin9 practice. Review of the year The Charity continues lo rely on donations as the prime source of income. In 2022-23 voluntary income receivable excluding grants lolalled £209k 1£162k in 2021-221. Grants in 2022-23 tolalling £74k were receivable Ino grants were receivable in 2021-221. The Charity's revaluation loss lotalled £4k in 2022-23 {£48k gain in 2021-221. Total expenditure was £333k1£595k in 2021-221. An analysis of resources expended on charitable activities is provided in the slalement of financial activitie5. The Charity's main asset continues lo be the Charities Official Investment Fund ICOIFI account, 8mounling to £458k al 31 sl March 20231£462k in 2021-221 (Note 131. Cash held in the Royal Bank ol Scotland is to service day-lo-day expenditure amounted to £149k al 31st March 2023 1£194k al 31 sl March 20221. Cash which is not used for day-lo-day expenditure, and which is surplus lo the investment are held on deposit with COIF1£146k at 31$1 March 2023., £144k a1315l March 20221 (Note 151. The net assets of the Charity at 31st March 2023 were £708k1£762k al 31$1 March 2022), a decrease of £54k. Going concern Expenditure is only aulhorised aller il has been asrtained that there are sufficient funds within the individual charitable fund to support the expenditure. In addition, the Trustee approve the Charity budget lor the coming year. The Trustee therefore has a reasonable expec131ion that the Charity has adequate reSoUrS to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing these accounts. The Iruslees consider that there are no material uncerlainlies about the SASH Charity s ability lo continue as a going concern. There are no material UnrtaInlIeS affecting the current yearfs accounts. In future years, the key risks to the SASH Charity are a fall in income from donations or investment income bul the Iruslees have arrangements in place lo mitigate those risks. Reserves The Charity currently holds its cash surpluses on an immediate access oash deposit account held with COIF. with the balance held in the bank for day-to-day cash reqLJiremenls. The Charity invested £200k of surplus funds into a long-term equity-based investment fund in February 2013. Investment policy> powers and performance In 2011112 the Committee approved an investment policy and strategy lo invest surplus funds into a suitable form of investment and agreed lo invest surplus funds into both long term and also shorl-term investments with CCLA Investment Management Ltd. This comprises of an initial investment of £200k into COIF which is a long-lemi investment. mainly in equities. The investment revaluation at 31 sl March 2023 is £458k1£462k al 31$1 March 20221.
SASH Charity - Registered No. 1054072 Our future plans During 2023-24, SASH Charity will carry out activities which will help us continue to increase the impact the charity has for patients into the future. We plan lo launch both a public fundraising lollery, and a monthly staff prize draw. Both of which will provide new mechanisms lo generate regular monthly income. We will also carry oul a thorough review and refresh ol the charity brand. Likely lo include a change of name and visual idenlily, lo make the charity much more easily understood by those who may wish lo support ihe hospitals and our work. We hope lo complete fundraising towards a new cancer ntre summerhouse, and a new Emergency Department staff room and courtyard, whilst also shaping a new fundraising appeal lor the childrens services here al SASH. Alongside this a key element of the charity's approach in the coming year and beyond, will be lo increasingly seek to work in partnership with other expert organisalions, in order lo achieve greater impact with available funds. More information is available online al www.sashcharil .or Acknowledgement On behalf of the staff and patients who have benefited from improved services due lo donations and legacies. the Corporate Trustee would like lo thank all patients, relalives and staff who have made charitable donations. Approved on behalf of the Corporate Trustee Yasmin Khan, Chair of the Charitable Funds Committee Dale 10
SASH Charity - Registered No. 1054072 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SASH CHARITY I report lo the trustS 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 23. This report is made solely lo the charity's Iruslees, as a body, in accordance with Regulation 31 of the Charities IAccounls and Reports) Regulations 2008. My work has been undertaken so that I might slate lo the charity's Iruslees those mallers l am required lo slate lo them in an independent examiner's report and for no other purpose. To the fullest exlenl permilled by law, I do not accept or assume responsibility to anyone other than the charity's Iruslees as a body, for my work, for this report, or for the statement I have made. Responsibilities 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 Act 2011 {"Ihe Act") I repoTI 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 Charrty Commission under section 145{5llbl of the Act. Independent examlner's statement I have eompleled my examination. I confirm that no material mallers have come lo my attention in connection with the examination giving me cause to believe that in any material respect.. 2ccounting 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 comply 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 requirement 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 accordan with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10211. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. DocuSlgfi•d by.. D4154ED7SD45453 Heather Wheelhouse ACA BDO LLP 2 Blagrave Street Reading RG1 1AZ 21 December 2023 11
SASH Charity - Registered No. 1054072 STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 st March 2023 Note Unrestricted Restricted Funds Funds £000 £000 Total Funds 2023 £000 Total Funds 2022 £000 Income and endowments from: Donations and legacies Total income 140 143 283 162 140 143 283 162 Expendlture on: Raising funds Charitable Aclivilies.. Medical research Puichase of new equipmenl Building and refuibishmenl Staff educab'on and welfare Patient education and welfare Other resources expended -50 -96 -146 -118 -393 -12 -13 -76 -90 -166 -72 -91 -96 -187 -477 Total expenditure -141 -192 -333 -595 Nel Ilossllgain on investments 13 48 Net expenditurellincome -52 -54 -385 Net Movement in funds -52 -54 -385 Reconclliatlon of Funds Total Funds brought forward Total Funds carried forward 221 541 762 1,147 219 489 708 762 12
SASH Charity - Registered No. 1054072 STATEMENT OF FINANCIAL POSITION As at 31st March 2023 Unrestricted Restricted Total Funds Total Funds Funds Funds 2023 2022 Note £000 £000 £000 £000 Fixed Assets.. COIF Investment 13 142 316 458 462 Total Flxed Assets 142 316 458 462 Currents Assets.. Debtors Cash al bank and in hand Total Current Assgts 14 22 15 91 205 296 338 92 207 299 360 Liabililias.. Creditors falling due within one year Net Current AssetsllLiabilitiesl 16 -15 49 -60 -15 -34 .49 -60 Total Assets less Current Liabilities 219 708 762 Creditors falling due after more than one year Total Net Assets or Liabilities 219 489 708 762 The Funds of the Charity: Restricted income funds Unreslricled income funds 18 489 489 541 219 219 221 Total Charity Funds 219 489 708 762 The audited financial statements on pages 12 10 24 were approved by the Trustees on and signed on their behalf by: L? Yasmin Khan, Chair of the Charitable Funds.Commiltee Dale Paul Simpson, Member of the Charitable Funds Committee ! 9.1.! £/.gE Dale 13
SASH Charity- Registered No. 1054072 CASHFLOW For the year ending 31st March 2023 Note Total funds 2022123 Total funds 2021122 Cash flows from operating activities.. Nel cash lused inllprovided by operating activities Dividends. interest and rents from investments Proceeds Irorn the Sale of investments 17 -42 -449 Net cash lused inllprovided by Investing activities 42 449 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 rale movements Cash and cash equivalents at the end of the reporting period 338 787 296 338 14
SASH Charity- Registered No. 1054072 NOTES TO THE FINANCIAL STATEMENTS For the year to 31 st March 2023 1. Accounting policies al Basls of Preparation The financial statements have been prepared under the historic cost convention with the exception of investments which are included al market value. The accounts (financial slalemenlsl have been prepared in accordance with the Statement of Recommended Practice." Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102 the Charities Act 2011 and UK Generally Accepted Practice as il applies from 1st January 2022. The accoLJnts (financial slalemenlsl have been prepared lo give a 'lrue and fair. view and have departed from the Charilies IAccounls 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 1021 rather than the Accounting and Reporting by Charities, Statement of Recommended Practi effective from 1$1 April 2005 which has since been withdrawn. The trustees consider that there are no material uncertainties about the SASH Charity's ability to continue as a going concern. There are no material un¢ertainlies affecting the current year's accounts. In future years. the key risks lo the SASH Chaiily are a fall in income from donations or investment income bul the trustees have arrangements in place to mitigate those risks. The financial statements have been prepared in £ Sterling, and the figure5 have been rounded to the nearest £000. bl Funds Structure Reslri¢led funds are funds which are lo be used in accordance with specific restrictions imposed by the donor. Where the restriction requires the gill to be invested lo produce income but the Trustees have the power to spend capital, it is classified as an expendable endowment. UnreslriGted income funds comprise those funds which the Trustee is free to use lor any purpose in furtheran¢e of the charitable objects. Unreslricled funds include designated funds, where the donor has made known their non-binding preference or where the Trustees, al their discretion, have created a fund for a specific purpose. The Charity does not have an endowment fund. cl Incoming resources All incoming resources are recognised On the Charity has entitlement to the resources, il is probable (more likely than noll that the resoLJrces will be received and the monetary value of incoming Tesour¢e$ can be measured with sufficient reliability Where there are lerms or conditions allached lo incoming resources, particularly grants, then these terms or conditions musl be mel before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been mel or uncertainly exists as lo 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.
SASH Charity- Registered No. 1054072 Incoming resources from legacies Legacies are accounted for as incoming resource5 either upon receipt or where the receipt of the legacy is probable. Receipt is probable when. Confirmation ha5 been received from the represenlalives of the estalelsl that probate has been granted. The executors have established that there are sufficient assets in the eslale lo pay the legacy and All condition5 allached lo the legacy have been fulfilled or are within the Charity's conlrol. If there is uncertainly as to the amounl ol the legacy and il cannot be reliably eslimaled then the legacy is shown as a contingent asset until all of the conditions for income recognition are mel dl Incoming expended and Irrecoverable VAT All expenditure is accounted lor on an accruals basis afid has been classified under headings Ihal aggregate all costs related lo each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are mel.. There is a present legal or conslruclive obligation resulting from a past event. 11 is more likely than not that a Iransler of benefits lusually a cash paymenll will be required in selllemenl. The amount ol 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 liabilities as a result of grant Grants payable are payments made lo linked. related party or third-party NHS bodies and non-NHS bodies, in furtherance of the charitable objectives of the funds held on Irusl, 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 to make a payment. A constructive obligation arises when.. We have communicated our intention lo award 2 grant lo a recipient who then has a reasonable expectation that they will receive a grant. We have made a public announcement about a commitment which is specific enough for the recipient to have a ieasonable expectation Ihal they will receive a grant. There is an established pallern of practice which indicates lo the recipient that we will honour our comtnilmenl. The Iruslees have control over the amount and liming ol grant payments and consequently where approval has been given by the trustees and any ol the above criteria have been mel then a liability is recognised. Grants are not usually awarded with conditions attached. However, when they are then those conditions have lo be mel before the liability is recognised. Where an intention has not been communicated, then no expendilure is recognised bul an appropriate designation is made in the appropriate fund. If a grant has been ollered bul there is uncertainly as lo whether il will be accepted or whether conditions will be mel then no liability is recognised bul a ¢onlingenl liability is disclosed. 16
SASH Charity- Registered No. 1054072 fl Allocation of support costs Support costs are those costs which do not relate directly lo a single aclivily. These include some staff costs. costs of adminislralion, independent examination costs and IT SLJPPOrt. Support costs have been apportioned between 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 support costs have been made between Charitable Activities and Governance Costs, the cost allribulable lo Charitable Activities is apportioned across those activities in proportion lo their opening fund balance. gl Fundraising costs The costs ol generating funds are those costs allributable lo 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 inve51menl management fees. h) Charitable Activitles Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the Chafily. These costs, where not wholly allribulable, are apportioned between the categories of charitable expenditure in addition lo the direct costs. The lolal costs of each category of charitable expenditure include an apportionmer71018uppOrt costs as shown in note 7. i) Fixgd asset investments Investments are a lorm of basic fi'nancial instrument. Fixed asset investments are initially recognised at their transaction value and are subsequently measured al their fair value Imarkel v81uel as al the balance sheet dale. The Statement 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 Balance Sheet al the current market value quoted by the investment analyst. excluding dividend. The main Iotm of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to 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 are amounts owed lo the Charity. They ere measured on the basis of their recoverable amount. kl Cash and cash equivalents Cash at b8nk and in hand is held lo meet the day lo day running costs of the Charity as they fall due. Cash equivalents are short term, highly liquid investments, usually interesl-bearing savings accounts. 11 Creditors Creditors are amounts owed by the Charity. They are measured at the amount that the Charity expects to have lo pay to sellle the debt. Amounts which are owed in more than a year are shown as long-lerm cre4Jilors. ml Reallsed galns and losses All gains and losses are taken lo the Slalement 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 calculated as the difference beeen the market value al the year end and opening carrying value lor purchase dale if lalerl. n) Penslons The Charity does not employ any staff and therefore no direct pension costs are incurred. 17
SASH Chaiily - Registered No. 1054072 Prior year comparatives by type of fund The piimary slalemenls provide prior year comparatives in lolal," this note provides prior period comparatives lor Ihe Slalemenl of Financial Activities and Ihe Financial Position lor the unresliicled and iesliicled funds. 2a Unrestricted funds- Statement of Financial Activity for the year ended 31st March 2023 2023 £'ooo 2022 £'ooo Income and endowments from: Donations and legacies Total incoming resources Expenditure on.. Raising funds Charitable activities Total expenditure 140 103 140 103 -50 -91 -40 -45 -141 -85 Nel gainslllosse51 on investments Net income/{expenditurel 17 35 Net Movement in funds 35 Reconciliation of Funds Total Funds brought forward Total Fund5 carried forward 221 186 219 221 Unrestricted funds- Statement of financial Position a5 at 31st March 2023 2023 £'ooo 2022 £'ooo 134 Fixed Assets: Investments 142 Total Fixed Assets 142 134 Current A5sets', Debtors Cash and cash equivalents Total Current Assets 91 98 92 104 Liabilitie5: Creditors falling due within one year Total Current Liabilities -15 -17 -15 -17 Total Asset5 less Current Liabilities 219 221 Creditors falling due after more thari one year Total Unrestricted Funds 219 221 18
SASH Charity - Registered No. 1054072 2b Restricted funds- Statement of Financial Activity foy the year ended 31st March 2023 2023 £'ooo 2022 £'ooo Income and endowments from: Donations and legacies Total incoming resources Empendlture on: Raising funds Charitable activities 143 59 143 59 -96 -96 -78 432 Total expenditure -192 -510 Net gains/llosses1 on investments Net lexpenditurelincome) 31 -420 -52 Net Movement in funds -52 420 Reconciliation of Funds Total Funds brought forward Total Funds carried forward 541 961 489 541 Restrlcted funds- Statement of Financial Positlon as at 31st March 2023 2023 £'ooo 316 2022 £'ooo 328 Fixed Assets: Investments Total Fixed Assets 320 328 Current Assets: Debtors Cash and cash equivalents Total Current Assets 16 240 205 207 256 Liabilities: Creditors falling due within one year Total current liabilities Total Assets less Current Liabilltles Creditors falling dLJe after more than one year Total Restricted Funds -34 -43 -34 -43 489 541 489 541 3. Related Party Transactions The Surrey and Sussex Healthcare NHS Trusl is the sole beneficiary of the Charity. The Charity reimburses the Trust for staff providing financial and adminislralive services to the Charity. The Trust incurred charitable expenditure of £333k 1£595k in 2021-221 which has been recharged from the Trust lo the Charity. Al the year end £nil was oulslanding lo be received l£nil in 2021-221. 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 membèr of the NHS Trust Board has received honoraria, emoluments or expenses in the year and the Trustee has not purchased Iruslee indemnity insurance. 19
SASH Charity- Registered No. 1054072 4. Income from donations Unrestricted funds £000 112 28 Restricted Total 2023 funds £000 36 33 74 143 Total 2022 £000 154 £000 148 61 74 283 Donations from individuals Corporate donations Grants Inole 4.1} Total 140 162 Donations remain as the prime steady source of income. Durin9 the financial year 2022123 no legacies were receivable. A fundraising campaign was launched lor the Olive's Appeal in 2019 and the campaign raised £7k in 2022- 20231£33k in 2021-20221. 4.1. Analysis of Grants receivable Unrestrlcted funds £000 Restrlcted funds £000 Total 2023 £000 Total 2022 £000 NHS CT Stage 3 NHS CT Clinical Psychologist NHS CT Rebranding 32 30 32 30 Community Foundation Fridge Total 74 74 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 2023 £000 Total 2022 £000 Fundraising events Independenl examination costs Support costs Total -44 -50 -91 -96 -135 -146 -116 -118 7. Analysis of charitable expenditure Grant fundgd activity £000 Support costs £000 Total 2023 £000 Total 2022 £000 -393 Purchase of new equipment Building and refurbishment Staff education and welfare Patient education and welfare Other resources expended Total -13 -166 -187 -13 -166 -187 -72 477 The Charity supports Surrey and Sussex Healthcare NHS Trust in providing healthcare for patients through the purchase of a range of items for the direct benefit of patients and includes staff training and education. 20
SASH Charity- Registered No. 1054072 8. Analysis of grants paid No Grants were paid in either 2022-23 or 2021-22. 9. Allocation of support costs and overheads Raising funds £000 Charitabla activities 2023 Total £000 2022 Total £000 Basis £000 Independent examination costs Other professional fees Governance Salaries and related costs Computer expenses Total Expenditure -1 Expenditure -139 -139 -117 Salaries Expenditure -139 -146 -118 Unrestrlcted fund5 £000 Restrlcted funds £000 Endowment funds £000 2023 Total £000 -146 -146 2022 Total £000 -118 -118 Raising fltnds -50 -50 -96 -96 10. Trustees. remuneration, benefits and expenses The Charity's sole Iruslee is The Surrey and Sussex Healthcare NHS Trust. 11 received no remuneration or benefits in the current or prior period. No Iruslee expenses have been incurred in the currenl 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 staff. 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 2022-23 this charge amounted to £135k1£117k in 2021- 221. 12. Indepandent examiner's remuneration The independent examiner's Temuneralion is the fee chargeable by our external examiners IBDO LLP} for their independent examination of the 2022-23 annual accounts. The cost of £7k in 2022123. 21
SASH Charity - Registered No. 1054072 13. Fixed asset investments Investments The Charity invested surplus fund5 into the Charities Official Investment Fund. This is a long-lerm inveslmenl and is made up mainly from equities. Movement in fixed asset investments 2023 £000 462 2022 £000 414 48 462 Market value brought forward Add nel Ilossllgain on revaluation Total 458 Fixed asset investments by type 2023 £000 458 458 2022 £000 462 462 COIF Investment Fund Total 14. Analysis of current debtors 2023 £000 2022 £000 Gift Aid- Accrued Income Prepayment Other debtors Total 18 22 15. Analysis of Gash and Gash equivalents 2023 £000 150 146 296 2022 £000 194 144 338 Cash in hand IRBSI Notice deposits COIFI Total These monies are retained lor day-l04ay use. Surplus funds are held on deposit with COIF. 16. Analysis of liabilities 2023 £000 £'ooo 2022 £000 £'ooo Creditors due in under 1 year Accruals Total 49 49 60 60 Accruals are in the main £49k SASH recharges (including SASH staff salary recharges), £40k purchasing accruals. The Charity makes use of the Trust's purchasing system lo procure ils supply ol goods and services which is maintained 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 to dictate favourable terms and conditions. 22
SASH Charity - Registered No. 1054072 17. Reconciliation of net incomel{expenditure) to net cash flow from operating activities 2023 £000 -54 2022 Eooo -385 Net for 2022123 las per the Statement of Flnanelal Actlvltlesl Adlustments for.. Lossllgainlon investments Dividends, interest and rents from investments Decreasellincreasel in debtors (Decreasellincrease in creditors Net cash (used Inllprovided by operating activities -48 19 -12 -42 -449 18. Analysis of charitable funds a) Analysis of Restricted fund movements Restricted funds comprise the following.. Balance blfwd £'ooo Fund Title Income Expenditure Transfer Funds £'ooo Gains & Fund Losses clfwd £'ooo £'ooo £'ooo £'ooo Dorothy France Legacy Legacy Limpslield Ward - l L Edwards Premature Baby Fund IBD Fund Cancer Support Centre Surrey & Sussex Restricted Ring Fenced Fund Staff Hardship Grants Clinical Psychologist Rebranding 13 34 10 31 137 315 10 33 23 -10 -33 -106 44 104 245 44 31 30 143 -18 13 30 541 -187 Dorothy Francis Legacy Legacy Limpsfield Ward - l L Edwards Premature Baby Fund IBD Fund Cancer Support Centre Surrey & Sussex Restricted Ring Fenced Fund Staff Hardship Grants Clinical Psychologist Rebranding Consultant staff at Crawley Mainly for ophthalmology focused staff training Education & staff Imining, Essential items and non essential items Admin support for the l BD database. For the benefit of staff and patients legacy to ease suffering from ailments of the heart or kidney. Staff welfare To help staff who face and unexpected financial crisis. To help s18fl recover from the pandemic For the rebranding of SaSH Charity A transfer of £5k was made between the Ring-Fenced Fund (Slaffj and the new Staff Hardship Grants10 in 2021-221. This new fund was sel up specifically lo help staff finding themselves struggling with the cost of living rises. 23
SASH Charity- Regislered No. 1054072 bl Analysls of Unrestricted fund movements Unreslricled funds comprise the following.. Fund Title Balance blfwd £'ooo Income Expenditure Galns & Losses £'ooo Fund clfwd £'ooo 219 £'ooo £'ooo -141 Corporate Total Unrestricted Funds 221 140 221 140 -141 219 Corporate The charity supports a wide range ol charitable and health related aclivilies, benefiting both patients and staff They Include improving the working environment, purchase of medical equipment and the prov1sion of speciality courses. 19. Subsidiary charities The Umbrella Charity - SASH Charity- has 4 linked registered charities, as follows." Name of Charity Description, nature and purpose of the fund Surrey and Sussex Healthcare National Health Service Trusl (Expendable Funds) Common Investment Fund. To combine the investments and money belonging to the charities and representing expendable funds into one pooled fund. The Surrey and Sussex Healthcare Educational, Development and Research Fund For any charitable purposes, principally bul not exclusively al or in connection with Surrey and Sussex healthcare NHS Trusl which will further the advancemenl of scientific and medical education and research. The Surrey and Sussex Healthcare Eqijipmenl Fund For the relief ol sickness by the provision and maintenance ol medical and non-medical equipment for the benefit of the Surrey and Sussex Heallhcare NHS Trust. The Surrey and Sussex Healthcare Wards and Departments Fund For any charitable purpose or purposes relating to the NHS wholly or mainly for the wards and departments of the SLJrrey and Sussex Healthcare NHS Tru51. 24