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2024-03-31-accounts

SWFT Charity

Annual report and financial statements

Charity Number 1056424

for the year ended 31 March 2024

Contents

About your Trust Charity..................................................................................................................... 3 Management ....................................................................................................................................... 3 Organisational Structure ................................................................................................................. 3 Decision making .............................................................................................................................. 4 Sources of Funds ............................................................................................................................. 4 Donations/Legacies Processes ........................................................................................................ 4 General Data Protection Regulator (GDPR) .................................................................................... 5 What we have achieved ...................................................................................................................... 5 The year at a glance ............................................................................................................................ 6 SWFT and Third-Party events .......................................................................................................... 6 Financial Report .................................................................................................................................. 8 Fundraising and working with our community ................................................................................. 10 Our Future Plans ............................................................................................................................... 13 How you can get involved ................................................................................................................. 14 Policies .............................................................................................................................................. 16 The Funds Objectives and Procedures for the Deployment of Resources ................................... 16 Reserves ........................................................................................................................................ 16 Managing Risk ............................................................................................................................... 17 Management Renumeration ......................................................................................................... 17 Related Parties .............................................................................................................................. 17 Going Concern ............................................................................................................................... 17 Appendix A - SWFT Charity Legal & Administrative Info .................................................................. 18 Appendix B - Corporate Charity Trustee ........................................................................................... 19 Appendix C – Trustees’ Statement of Responsibilities ..................................................................... 20 Appendix D – Financial Statements .................................................................................................. 21

Welcome to SWFT Charity’s Annual Report and Accounts for 2023/24. We are the registered charity of South Warwickshire University NHS Foundation Trust, which provides care for over half a million people within our catchment area.

About SWFT Charity

South Warwickshire University NHS Foundation Trust (the Trust) has a Charitable Fund (the Charity) to generate fundraising income, to enhance NHS services. SWFT Charity (Reg No. 1056424) is an umbrella charity for 32 charitable funds.

SWFT Charity is the official charity of South Warwickshire NHS Foundation Trust. The charity aims to cover the cost of additional extras, above core NHS funding, that give our hardworking staff the opportunity to deliver the very best care possible in the most comfortable settings. Whether it’s bright and welcoming décor in a waiting area, state of the art medical equipment or entertainment for our inpatients, we use charitable funds to enhance the services we offer to our patients.

Our organisation covers the whole of South Warwickshire, with four hospitals (Warwick Hospital, Leamington Hospital, Stratford-upon-Avon Hospital, and Ellen Badger Hospital in Shipston), as well as many community sites across the area. Our Trust offers a full range of NHS services, including inpatient and outpatient services for various specialties, maternity services, end-of-life care, and various home visiting services. The Charity endeavours to support all Trust services as and when a need is identified.

Management

The Charity has a Fundraising Team which comprises of two fulltime staff members, a Fundraising Manager and a Fundraising Officer. The team, managed by the Head of Strategic Communications are responsible for the coordination, management and reporting of appeals as well as providing support and advice to staff on the Trust’s wards and departments about their individual income generation activities. The team act as the public interface and day-to-day contact for donors and fundraisers. They are also responsible for promoting and marketing the charity in the wider local community. All fundraising staff are employed by the Trust and the costs are recharged to the Charity.

Within the Trust’s Finance Team, there is a designated Charitable Funds Finance Officer along with a Finance Manager who also supports work on the finances. The team is responsible for the maintenance of accounting records and administration of funds. The Trust charges the Charity an administration charge for the services provided.

Organisational Structure

Under the terms of the Trust Deed, the SWFT Charity is administered and managed by the Corporate Trustee, South Warwickshire University NHS Foundation Trust, with Mr. Glen Burley as Chief Executive. Therefore, the Charity Trustee comprises of the Executive Directors and Non-Executive Directors of South Warwickshire University NHS Foundation Trust and is appointed in accordance with the Foundation Trust’s constitution (see Appendix B for details of the Directors). Trustee meetings are held on a quarterly basis. Members of the Charity Trustee receive Trust induction and training, in conjunction with Trust’s Constitution, policies and procedures that are made available to them. The Trustee is aware

of the Charity’s Commission’s publication on public benefit, and this guidance is adhered to when making decisions.

Throughout the year the team implemented a number of campaigns to raise awareness of SWFT Charity and this is across the wide range of channels including social media, posters and press releases to publicise fundraising activity.

Decision making

Prior to committing the Charity to expenditure, a detailed description must be given on a Charitable Expenditure Form and approval is given when all of the criteria are attained. The financial limits are as follows:

Up to £5,000 Fund Manager Between £5,000 and £15,000 Chief Executive & Managing Director More than £15,000 Trustee

Applications for items above £15,000 which are made between Trustee meetings can be authorised by the Managing Director and Director of Finance jointly. These applications are subsequently taken to the Trustee meeting for confirmation at the next available meeting.

Unauthorised forms, or those only containing one signature, are returned to the originator for authorisation before any payment is made.

Sources of Funds

The main sources of funds to the Charity continue to come from three main sources namely:

The Charity recognises the importance of all these sources of income and works hard to build relationships with both the local community and grant making trusts to maximise income.

Donations/Legacies Processes

By working closely together, the Fundraising and Finance teams have developed and streamlined the process for dealing with donations. This process has been facilitated and enhanced using the Harlequin CRM system. All communication between the charity and supporters are recorded and stored on the database. A proactive and routine approach is also in place to reclaim Gift Aid on all donations, whenever possible. Regular monthly meetings are held between the two functions.

In addition to donation envelopes now being present on many of the wards/departments within the Trust, several bespoke charity displays have been added over the last year outside wards and on hospital corridors. These additional graphics provide information and highlight how to make donations / obtain fundraising information and include full charity contact details. Visitors to the Warwick hospital site will also find pop up banners advertising the new charity hub and where to find it.

General Data Protection Regulator (GDPR)

The Charity complies with GDPR and can assure our supporters that:

The Charity has not received any complaints about its fundraising activities during the year.

What we have achieved

Some of the purchases we supported include:

The Mary Bonner Room - Aylesford Unit

We opened a wonderful new addition to the Aylesford Unit at Warwick Hospital in April. The Mary Bonner Room, a new treatment area, was opened by Brian Halford, named in memory of his late wife, Mary Bonner. Brian is a long-time supporter of the unit, and this new clinic room was made possible thanks to Brian and Mary’s generous charitable contributions to SWFT Charity.

The room features pictures that Mary chose, serving as a testament to her memory and the positive impact she had on those around her.

Brian expressed his gratitude for the care and support the Aylesford Unit provided to Mary and himself during Mary's treatment, saying, “I am incredibly grateful for the care Mary received from the team and I’m thrilled to be able to support their excellent work. I hope that the Mary Bonner Room will provide a comfortable and welcoming environment for future patients.”

The opening of the Mary Bonner Room is a brilliant development for the Aylesford Unit and a touching tribute to a beloved lady. This new clinic room will undoubtedly enhance the care and comfort of patients for years to come.

ITU & Minor Injuries Wall Art

We were able to put your kind donations to excellent use at our Minor Injuries Unit and Intensive Therapy Unit. The side rooms for ICU patients and their families were beautifully transformed thanks to the hard work of Chris Day, the Head of Governance at SWFT, who is also a talented photographer. Working with a consultant experienced in creating therapeutic spaces, a selection of stunning images taken by Chris were placed in the ICU side rooms by Claret Sales & Marketing.

MacGregor Ward sensory room & new play facilities

Returning patient, Joseph Froggatt and his mum Lucy were invited to officially open the new specialist spaces - a playroom and activity area, an adolescent recreational space, a sensory room with specialist equipment to allow children to decompress away from the busy ward, and a bereavement suite/quiet room.

The new facilities help SWFT to meet the needs of our young patients dealing with mental health issues, and ensure the ward is equipped and ready to facilitate them.

The year at a glance

SWFT Charity has made considerable progress by developing a proactive approach in all areas. Following increased activities across a range of channels, the charity profile has grown resulting in higher awareness of its purpose and role, both internally and externally. Through an appreciation for the services provided by the staff at SWFT, there has been a considerable increase in the number of stakeholders who donate, host in aid of events or participate in the charity’s programme of events and initiatives. This has led, along with the recent support from the NHS Charities Together grants, to an increased income profile.

Some notable developments during 2023/24 include:

SWFT and Third-Party events

SCBU Spring Ball

In 2023, Special Care Baby Unit (SCBU) staff organised and hosted a Spring Ball to raise money for their department. With full support from the Fundraising Team, the team held their “SCBU Spring Ball” in May. The event was incredibly well attended and was a huge success, with a fundraising total of £5976.50 raised for the SCBU charitable fund at Warwick Hospital.

BNI Charity Quiz Night

Our partners at the BNI Intrepid Leamington Spa business network kindly hosted a charity quiz night in partnership with the Newbold Comyn Arms in Leamington Spa. The night was a great success, with £450 raised for our Young Minds Matter appeal.

Yorkshire Three Peaks Trek

Our team of fabulous fundraisers took on the Yorkshire Three Peaks Challenge in gruelling heat!

Despite the tough conditions, everyone put in their all and we were rewarded with some breathtaking views of the gorgeous Yorkshire countryside.

The event raised £6,789.57 for the Young Minds Matter Appeal.

CERU Summer Garden Party

The team at Leamington Spa Hospital hosted a fabulous garden party in July, inviting members of the local community to come along and celebrate the work they do. There were some fantastic activities including some medieval stocks (to throw wet sponges at the bosses!), plenty of live music and lots of delicious food

Warwick Market Takeover - NHS 75th Birthday

We hosted a “Market Takeover” at Warwick Market to celebrate the 75th Anniversary of our amazing NHS. We had some fantastic entertainment from the Sing it Loud choir and the local Ukrainian community, and the event was kindly opened by the Mayor of Warwick.

We were supported by some fantastic companies, including Pan Dental and CJ Events Ltd to make the day a wonderful celebration of our NHS.

Warwickshire Pride 2023

We attended Pride for the third consecutive time to celebrate our amazing LGBTQ+ community and spread the word about the work of SWFT Charity. We met some lovely people and soaked up the incredible atmosphere while selling our SWFT Charity dog bandannas and summer raffle tickets.

SWFT Charity Free Wills Week - September 2023

SWFT Charity partnered with Mander Hadley Solicitors to offer a “Free Wills Week” during 11th-17th September 2023. The initiative offered free single or double wills with a donation to SWFT Charity, or the inclusion of a gift to the charity left in a will. The initiative forms part of SWFT Charity’s ongoing Legacy strategy.

Warwick Half Marathon 2024

SWFT Charity partnered with Run Through & Run For Charity in 2024 to become the official charity sponsor of the Warwick Half Marathon.

We had an amazing group of runners who represented SWFT Charity brilliantly, with everyone finishing the run with a smile on their face, raising an excellent £7,454.55!

The Fundraising Team were present on the day to spread awareness of SWFT Charity and support our runners before and after the race.

SWFT Managing Director Adam Carson spoke to local news networks to promote the charity and the fantastic event that is Warwick Half Marathon.

Financial Report

During the year, the charity received funds totalling £424,000 from donations, legacies, grants, fundraising activities, and interest. A breakdown of the various income streams is displayed below:

The Charity’s expenditure mostly took the form of grants made payable to South Warwickshire University NHS Foundation Trust. The diagram below displays a breakdown of the areas of the £491,000 grants awarded.

The remainder of the charitable expenditure reported in the accounts relates to support cost allocations (£54,000) and fundraising costs (£121,000).

----- Start of picture text -----
Financial Activities for the year ending 31 March 2024
2023/24 2022/23
£000 £000
Income
Donations 239 96
Legacies 88 45
Grants 57 92
Fundraising Activities 22 25
Bank Interest 18 5
Total Income 424 263
Expenditure
Charitable Expenditure (527) (457)
Fundraising Costs (139) (123)
Total Expenditure (666) (580)
Net Movement (242) (317)
----- End of picture text -----

Expenditure in the table above includes the allocation of staff costs.

As of 31 March 2024, the Charity has total funds of £698,000 split across the two classifications of funds as follows:

Restricted: where the donation has been made for a specific purpose – this usually applies to legacies and appeals. The balance at 31 March 2024 was £182k (31 March 2023 £253k)

Unrestricted: where the donation was general and is therefore available for any charitable purchase. The balance at 31 March 2024 was £516k (31 March 2023 £687k)

The Charity tries to manage funds in such a way as to ensure that there is flexibility over their use, as this ensures that small balances do not remain unused. As such restricted funds are kept to an absolute minimum. However, it is also very important to the Trustee that donors’ wishes are complied with wherever possible.

Fundraising and working with our community

Thank you to the tireless donors, fundraisers and supporters for the wonderful support you have given us during this past year. We have been able to make a huge difference thanks to your time and generosity.

Becoming members of the Coventry & Warwickshire Chamber of Commerce and BNI have introduced variety of support and engagement.

We are so thankful for the tremendous fundraising, a few of our notable supporters include:

Graftongate Investments Ltd

Our amazing friends at Graftongate Investments Ltd raised an incredible £15,939 for our Young Minds Matter Appeal.

The team completed a 26 mile walk through the Cotswolds in June 2023, starting in Chipping Campden, heading through the North Cotswolds and finishing near Stow on the Wold.

Shipston Excelsior FC

Simon Redshaw of Shipston Excelsior FC provided a wonderful donation to Warwick Hospital’s Breast Care Unit of £500 from a Golf Day tournament the football club held.

Sarah Odell

Sarah Odell ran the 2023 London Marathon for SWFT Charity, braving the rain and achieving a very impressive 4 hours and 6 minutes, raising a fantastic £1,244 for the Rigby Cancer Unit at Stratfordupon-Avon Hospital.

Sarah's father, Ray, was diagnosed with Oesophageal Cancer in 2022, and the team at the Rigby Unit were able to aid his recovery after multiple rounds of chemotherapy and a 9 hour operation.

Park Run (Warwick & Leamington Spa)

As part of their national NHS 75th Birthday campaign, Park Run generously allowed the Fundraising Team to attend several events throughout July to talk about the work of SWFT Charity.

A&E Team Skydive

A team of staff members from Warwick Hospital’s A&E department took on a sponsored skydive in order to raise funds for a specialist side-room in A&E for those patients receiving end-of-life care. The team raised a fantastic £3,151.

Rachel Escott

Rachel was diagnosed with breast cancer at just 31 years old, and has been under the care of the Helen Clark Suite at Warwick Hospital.

Her partner, Sam, ran an ultra-marathon (56 miles!) from Glasgow to Edinburgh! Rachel managed to join him on the run for the last 5k.

They raised an incredible £4,500 to be split between the Helen Clark Breast Care Unit at Warwick Hospital, and Macmillan Cancer Support.

Rachel said: "It was a pleasure for us to complete this challenge in support of the Helen Clark Suite. As a young woman with no family history of breast cancer, I'm so grateful for having my symptoms taken seriously, enabling me to be diagnosed at an early stage and treated quickly. A huge thank you to the surgeons, oncologists and nurses I encountered throughout my journey, who treated me with such care, compassion and respect. I'm in constant awe of the job they do and hope this donation will help them support others like me. Thanks to the Helen Clark Suite, I'm looking forward to a much brighter future."

Charlie, Freddie, Alex, Freddie & Ben

A massive thank you to Charlie Perkins and his friends, Freddie, Alex, Freddie and Ben who completed the National Three Peaks in just 24 hours back in September, raising an incredible £6,900 for SWFT Charity.

Charlie said: "What a weekend. Following weeks of planning and (not enough) training, we began the 3 Peaks challenge at the foot of Ben Nevis at 8:30am on the morning of Saturday 30th September. Given our fresh legs and some heavy carb-loading in the preceding days, this mountain was arguably the easiest of the three, although there were predictably testing sections on both the ascent and descent. We were all finished by 1pm and began the journey to Scafell Pike during which we loaded up on some well-earned food and sleep. Beginning Scafell at 7:30pm, we would be walking in the dark and driving rain for the entirety of this mountain, which proved tricky on what was the most technical climb of the three. We finished in just over 3 hours, which left us needing to eat a quick meal on the bus before sleep inevitably hit. Arriving at Snowdon in the morning

(4:30am!) to more rain was a bit bleak and certainly dented our morale, but we knew the finish line was (sort of) within sight now. Snowdon was summitted at around 6:30pm, leaving us just under 2 hours to complete our descent. Despite some minor hiccups on the way down, including a head injury and a rolled ankle, we had left ourselves enough time to jog over the finish line with 7 minutes to spare at 8:23am on Sunday morning. I think it is fair to say that all of us found the experience challenging, but immensely gratifying having set out precisely what we aimed to achieve.

Debbie Gulliver

A huge thank you to Debbie Gulliver who presented a cheque for an amazing £1,655 to our Breast Care Unit in November.

We are incredibly grateful for this fantastic support and would like to extend our thanks to everyone who contributed to Debbie's fundraising.

Alsters Kelley Solicitors Limited

A huge thank you to our friends at Alsters Kelley Solicitors Limited who came in to MacGregor Children's Ward at Christmas time and decorated our Paediatric Assessment Unit, giving it a fabulous festive makeover ready for the season of joy and cheer!

This was enjoyed hugely by our patients and their families and got everyone in the mood for the festive season, they also left some wonderful goody bags under the tree for our young patients to enjoy!

Ali & Rob Sprason

A huge thank you to Ali Sprason, her husband Rob, and her beautiful baby boy, Wilf, for raising an incredible £4,300 for our Special Care Baby Unit at Warwick Hospital.

Ali and Rob hosted a fantastic Christmas Fair at Clifford Chambers Village Hall on Saturday 18th November. The couple wanted to raise money to support SCBU after they cared for baby Wilf.

Ali said, "Thank you to everyone who came along to support our Christmas Fair on 18 November, the day after 'World Prematurity Day'. Over 350 people visited which is amazing! There was a heartwarming atmosphere throughout the day, with Christmas tunes playing outside, a festive smell of mulled wine wafting through the hall as people visited stands and bought their Christmas gifts. The soup and hearty venison stew on a dreary November day was a welcome lunch before many finished their visit with a catch up with friends over a beer…or cake…sometimes both!

Thank you to our wonderful family and friends who helped us in the lead up to the event and/or gave up their Saturday to help. We have a great support network around us and so many people put hours into making cakes and home produce, sourcing raffle prizes, donating tombola gifts, running charity games, filling jam jars etc and we couldn’t have done it without their endless and loving support."

Carolyn Bonthone

Carolyn collected Christmas gifts throughout the year for the young patients on MacGregor Ward who were spending the festive season in hospital. A huge thank you to Carolyn and everyone who assisted her in this kind endeavour.

Fairy Bricks

Fairy Bricks donated LEGO sets to MacGregor Ward, and it didn’t take our young patients long to get stuck in and start completing the sets. LEGO is such a good tool for our Play Specialists to help keep children engaged and entertained during their stay with us.

Nelson Club - Warwick

Nelson Club Warwick donated an amazing £1,250 to MacGregor Children's Ward at Warwick Hospital. The funds were raised from their annual Christmas raffle, and will go towards enhancing the ward for our young patients and their families.

Our Future Plans

A new business plan is currently being developed to align our Trust values and charity mission.

For the year ahead, SWFT charity will continue to deliver our main strategic aim of being a key service deliverer and facilitator of partnerships within the region, supporting our people, patients and population.

The Charity continues to be a member of NHS Charities Together, the trading name of the Association of NHS Charities, and the Fundraising Regulator. These organisations help ensure that the Charity is kept informed and fully updated on all current and developing issues in relation to charitable funds. Concerns are highlighted and the knowledge shared with similar organisations.

Objectives have been raised and set through the SWFT Charity strategy which is approved by the Trustee. Some of the key objectives are:

Increasing opportunities to generate income through grant writing, legacies and regular giving. Over the years, gifts from legacies have enhanced support with various equipment, we will be focusing on developing this area of fundraising, engaging local solicitors, funeral directors and local care homes whilst engaging with bereavement team at Warwick Hospital.

Develop strong relationships within the community and focusing on supported development

We will be reaching out to a range of Community Groups through visits, email and telephone to arrange meetings or presentations. This includes groups such as Rotary Clubs, Round Tables, Scouts/Guides, WI’s, Lion Clubs, Leisure Centres, Sports Clubs, Bars and Restaurants and Village Halls. We will reach out to religious groups and venues with emphasis on religious holidays such as Diwali and Christmas. Making approaches to these groups will increase charity visibility, donations and support in fundraising events.

Before making those approaches however, a range of resources are being designed to provide groups, communities and individuals with information on the charity and the ways they will be able to support the charity. The proposed resources include:

Support general fundraising through:

How you can get involved

Getting involved in our fundraising initiatives is a rewarding way to support our mission Sprinkle some magic” and make a meaningful impact. You can contribute by making a financial donation, which directly supports our programs and services. Additionally, volunteering your time to help organise events, such as charity runs/walks, musical evenings, hosting a charity Ball, or community activities, can significantly enhance our efforts. Leveraging your social media networks to promote our campaigns can help us reach a wider audience, while exploring corporate sponsorships or matching gifts can amplify your contribution. Every effort counts, and together we can achieve our fundraising goals!

Getting involved in fundraising can take many forms, depending on your interests and skills. Here are some ways you can participate:

  1. Donations - Contributing financially to the cause is one of the most straightforward ways to help.

  2. Volunteering - Offering your time and skills to assist with events, campaigns, or outreach efforts can be invaluable.

  3. Event Organisation - Planning or helping to organize fundraising events, like auctions, galas, or community events, can raise significant funds.

  4. Social Media Promotion - Spreading the word through social media can help reach a wider audience and encourage others to contribute.

  5. Corporate Sponsorship - If you represent a business, you could explore sponsorship opportunities or matching gift programs.

  6. Peer-to-Peer Fundraising - Create your own fundraising page and encourage friends and family to donate.

  7. Legacies – Writing your Will be the most important document you prepare, consider leaving a legacy to help support the NHS when you have gone.

Consider reaching out to the organisation you’re interested in supporting for specific opportunities and needs they may have!

If you would like to learn more about our ambitious plans to support South Warwickshire University NHS Foundation Trust, and how you can play a part, please contact our team at: charity@swft.nhs.uk

Policies

The Funds Objectives and Procedures for the Deployment of Resources

The Charity’s objectives are set out in the Trust Deed and state that monies collected can be applied to any charitable purpose or purposes relating to the National Health Service. The Charity is used for the public benefit.

The Charity’s Investment Policy and withdrawals from the Charity are determined by the Trustee. Expenditure can only be incurred following the submission and subsequent approval of a “Request for Use of Donated Monies” form by a member of staff in accordance with the Trust’s Standing Financial Instructions.

With the exception of restricted funds, the objectives and aims of charitable funds expenditure is to be in line with one or more of the following priorities:

Spending priorities are reviewed annually by the Trustee.

The Trustee reviews the overall spend of the Charity on a quarterly basis to ensure that spend continues to support the objectives above.

Reserves

Trustee has a general policy not to accumulate funds in reserves but to utilise donations in accordance with the wishes of the donor as soon as is practically possible. The Charity does not have a specified target level of revenue or reserves. However, the Trustee is currently reviewing policies and will consider this aspect within the revised policy. Accumulated reserves at 31 March 2024 were £516k compared with £687k at 31 March 2023.

Each year, managers of individual funds are asked to submit spending plans for the funds under their control and these are reviewed by the Trustee. Part of this review is to ensure that funds are used in the most appropriate way and in a way that is consistent with the overall planning process for South Warwickshire University NHS Foundation Trust. As such there will be occasions where balances are built up to cover a larger item of equipment etc. Financial reports are prepared for individual ward managers / heads of department and monitoring reports are prepared for the Trustee meetings in order for them to discharge this review process.

Managing Risk

South Warwickshire NHS Foundation Trust has in place risk and governance policies in line with guidelines issued by the NHS.

The key risks associated with the SWFT Charity are in the main financially orientated. These risks include:

Risks surrounding charitable funds are reviewed by the Charitable Trustee during the year. In particular the following measures are in place:

Management Renumeration

No members of management are remunerated for their work relating to the charitable fund.

Related Parties

Patients of the Trust are the main beneficiary of the Charity. The Trust is the immediate parent and the Department of Health is the ultimate controlling party for the Trust. The Charity incurred charitable expenditure relating to the Trust, in the furtherance of its charitable objectives. During the year none of the members of the NHS Board of Directors' or senior NHS Trust staff or parties related to them were beneficiaries of the Charity.

SWFT Clinical Services Ltd and Innovate Healthcare Services Limited are limited companies whose shares are 100% owned by SWFT. Innovate Healthcare Services Limited is operated as a joint venture with George Eliot NHS Trust.

Related Party transactions are subject to the same controls as any other expenditure.

Going Concern

Expenditure is only authorised after it has been ascertained that there are sufficient funds within the individual charitable fund to support the expenditure. In addition, the Trustee asks fund managers to submit annual spending plans.

The Trustee therefore has a reasonable expectation that the Charity has adequate cash reserves to continue in operational existence for 12 months from the signing of the accounts. For this reason, they continue to adopt the going concern basis in preparing these accounts.

Appendix A - SWFT Charity Legal & Administrative Info

Corporate Trustee

South Warwickshire University NHS Foundation Trust Warwick Hospital Lakin Road Warwick CV34 5BW

Registered Office

South Warwickshire University NHS Foundation Trust Warwick Hospital Lakin Road Warwick CV34 5BW

Names and Addresses of Advisors

Bankers

Lloyds Bank Plc 12 Swan Street Warwick CV34 4BJ

Royal Bank of Scotland / Government Banking Service 2nd Floor 280 Bishopsgate London EC2M 4RB

Auditor

Deloitte LLP 2 New Street Square London, EC4A 3BZ Solicitors Mills & Reeve LLP 78-84 Colmore Row Birmingham B3 2AB

Appendix B - Corporate Charity Trustee

During 2023/24 the directors of which are:

Executive Directors

Glen Burley Chief Executive Adam Carson Managing Director (From 1 April 2023) Kim Li Chief Finance Officer Dr Charles Ashton Chief Medical Officer Harkamal Heran Chief Operating Officer Fiona Burton Chief Nursing Officer

Non-Executive Directors

Russell Hardy Chairman Simon Page Sue Whelan Tracy Professor Paramjit Singh Gill Richard Colley Yasmin Becker Dr David Spraggett

At the signing date the directors were: Executive Directors Glen Burley Chief Executive Adam Carson Managing Director Kim Li Chief Finance Officer Dr Varadarajan Baskar Chief Medical Officer Harkamal Heran Chief Operating Officer Eleanor Ward Acting Chief Nursing Officer

Non-Executive Directors

Russell Hardy Chairman Simon Page Professor Paramjit Singh Gill Yasmin Becker Dr David Spraggett Philip Gilbert Robert White

Appendix C – Trustees’ Statement of Responsibilities

The trustees are responsible for preparing the Trustee’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) , including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the trustee:

Glen Burley – Chief Executive Date: 5 February 2025

Appendix D- Financial Statements

SWFT CHARITY

ANNUAL ACCOUNTS

for the year ended 31 March 2024

Independent auditor’s report to the trustees of SWFT Charity

Page 2

information contained wrthin the annual report_ Our opinion on the financial statements does not cover the other information and we do not express any fomi of assurance conclusion thereon. Our responsibility 15 to read the other inforrnation and, in doing so, consider whether the other information is materially incon51Stent with the financial statements or our knowledge obtained in the course of the audrt, or otherwise appears to be materially misstated. If we identifv such material inconslstencies or apparent material misstaternents. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves_ If, based on the work we have performed, we conclude that there is a material misststement of this other infomiatTron, we afe required to report that fact_ We have nothingto report in this regard. A5 explained more fullw In the tru5tee5 re5pon5ibilitie5 Statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees determine is nece55ary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In prepafinE the financial rtatements, the trurtees are responsible for assessine the charity s ability to continue a5 a going concern disc105ing, 65 applicable, rratters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. We have been appointed as auditor under section 145 af the Charities Act 2011 and report in accordance with the Act and relevant re£ulations made or having effect thereunder_ Our objectives are to obtain reasonable assurance about whether the financial Statements a5 a whole are free from material misstatement, whether due to fraud or error. and to Issue an auditor'5 report that Includes our opinion. Reasonable assurance 15 a high level of assurance, but 15 not a guarantee that an audit conducted In accordance with ISAS IUKI will always detect a material rnisstatement when it exists_ Misstatements can arise from fraud or error and are considered material if, individually or in the a£ereEate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements_ A further description of our responsibilities for the audit of the financial statements is located on the FRCS website at: www.frc.or audrtorsres nsibilrties. This description forms part of our auditor's report_ Irregularrtie5, including fraud. are Instances of non-compliance with laws and regulation5. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of Irregularities, including fraud. The extent to which our procedures are capable of detetting irregularities, including fraud is detailed below. We consTdered the nature of the charrty's industry and its control environrnent, and reviewed the charity's doc¢Jmentation of their policies and procedures relating to fraud and compliance with law5 and regulations. We also enquired of management and the trustee5 about their own identthcation and assessment of the risks of irregulartties. including those that are specrfic to the charrty's business sector. Page 3

We obtained an understanding of the legal and regulatory framework that the charrty operates in, nd Identified the key law5 and regulation5 that.. had a direct effect on the determination of material amounts and disc105ure5 in the finJncial statements. These included the Charities Act, Chartties (Accounts and Reports) Regulations 2C(18. tax leg151ation" and do not have a direct effect on the financial statements but cornpliance with which may be fundamental to the charity's abiltty to operate or to avoid a material penalty. These included the Charity Commission regulations. and Fundraisin£ regulations. We discussed among the audit engagement team regarding the opportunities and incentNes that rnay exist within the organisation for fraud and how ond where fraud might occur in the financial statements. As a result of perforTning the above. we Identified the greatest potential for fraud in the following areas, and our procedures performed to address them are described below.. cornpletene5s of expenditure. To address this risk. we tested a sample of post yearend payments to test whether rterns representing liabilities at 31 March 2024 hod been appropriately recognised. In addition we have performed testing on intercompany payables and receivables reconciliation to Identify potentijl rnissing expenditure.. classific3tion of funds between restricted and unrestrirted. To addres5 this nsk we have tested a sample of restricted income and expenditure to their supporting ewdence to assess whether they have been classified appropriately. In cornmon with all audits under ISA5 IUKI, we are a150 required to perform 5pecih"c procedures to respond tts the nsk of management override. In addre551ng the risk of fraud through management override of controls. we tested the oppropriateness of Journal entries and other Jdjustrnents,- sse55ed whether the Judgements made In making accounting estimates ore indicative of a potential bias.- and evaluated the business rationale of any 51gnthcant tron5aCtions that are unusual or outside the normal course Of busine5S_ In oddition to the above. our procedures to respond to the n5k5 identified Included the following- reviewing financial Statement d15closure5 by testing to supporting docurnentation to a55es5 compliance with provision5 of relevant laws and regulations described as having a direct effect on the financial statements". performing analytical procedures to identtfy any unusual or unexpected relationship5 that rnay indicate risks of material misstatement due to fraud-, enquiring of management concerning actual and potential litigation and claims. and instances of non-compliance with laws and regul3tion5." and reading minutes of rneetings of those charged with governance. Under the Cbarities IAccounts and Reports) RegLlètiors 2008 we are required to report in respect of the following matters rf, in our opinion-. the information given in the financial statements is inconsistent in any material respect with the tru5tees' report,. or sufficient accounting records ha¥e not been kept." or the h"nancial statements are not in agreement with the accounting records and retums,- or we have not received all the information and explanations we reouire for our audit. Page 4

We have nothing to report In respect of these matters. Thi5 report 15 made 501ely to the charity's tru5tee5. a5 a body. In accordance with Part 4 of the Charities (Accounts and Reportsl Regulations 2008. Our audit work ha5 been undertaken so that we rnight state to the charity's trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity Jnd the charrty'5 trustees as a body. for csur audit work, for thi5 report, or for the opinions we have formed. Ben Sheriff FCA Deloitte LLP Statutory Auditor London, United Kingdorn 6 February 2025 Deloitte LLP is eligible for appointment as audttor for the charity by virtue of its eligibilrty for èppointment a5 audit of a company under section b212 of the Compènies Act 200D. Page 5

Statement of Financial Activities for the year ending 31 March 2024

Notes
INCOME FROM:
Donations, legacies & grants
3
Fundraising activities
4
Bank Interest
4
TOTAL INCOME
EXPENDITURE ON:
Raising funds
5
Charitable activities
- Purchase of Medical Equipment
6
- Staff Training and Welfare
6
- Patient Welfare
6
- Buildings & Refurbishments
6
- Other
6
TOTAL EXPENDITURE
NET EXPENDITURE
Transfer between funds
16
NET MOVEMENT IN FUNDS
Reconciliation of Funds
Total Funds brought forward
Net Movement in Funds
Total Funds carried forward		 Unrestricted
Funds
2023/24
£000
214
15
18
247
137
87
54
132
0
3
413
(166)
(5)
(171)
687
(171)
516		 Restricted
Funds
2023/24
£000
170
7
0
177
2
0
45
57
149
0
253
(76)
5
(71)
253
(71)
182		 Total
Funds
2023/24
£000
384
22
18
424
139
87
99
189
149
3
666
(242)
0
(242)
940
(242)
698		 Total
Funds
2022/23
£000
233
25
5
263
123
97
58
175
125
2
580
(317)
0
(317)
1,257
(317)
940

The notes at pages 12 to 24 form part of these accounts

All activities in both years arise from continuing activities. There were no recognised gains or losses after those shown above.

Page 6

Statement of Financial Activities for the year ending 31 March 2023

Notes
INCOME FROM:
Donations, legacies & grants
3
Fundraising activities
4
Investments
4
TOTAL INCOME
EXPENDITURE ON:
Raising funds
5
Charitable activities
- Purchase of Medical Equipment
6
- Staff Training and Welfare
6
- Patient Welfare
6
- Buildings & Refurbishments
6
- Other
6
TOTAL EXPENDITURE
NET EXPENDITURE
Transfer between funds
16
NET MOVEMENT IN FUNDS
Reconciliation of Funds
Total Funds brought forward
Restatement
Total Funds as restated
Net Movement in Funds
Total Funds carried forward		 Unrestricted
Funds
2022/23
£000
133
18
5
156
115
97
27
84
73
2
398
(242)
(11)
(253)
988
(48)
940
(253)
687		 Restricted
Funds
2022/23
£000
100
7
0
107
8
0
31
91
52
0
182
(75)
11
(64)
269
48
317
(64)
253		 Total
Funds
2022/23
£000
233
25
5
263
123
97
58
175
125
2
580
(317)
0
(317)
1,257
0
1,257
(317)
940

All activities in both years arise from continuing activities. There were no recognised gains or losses after those shown above.

Page 7

Balance Sheet as at 31 March 2024

Unrestricted Restricted Total Total
Notes Funds Funds Funds Funds
2024 2024 2024 2023
£000 £000 £000 £000
CURRENT ASSETS
Debtors 11 5 0 5 26
Cash at bank and in hand 12 926 432 1,358 1,652
Total Current Assets 931 432 1,363 1,678
CURRENT LIABILITIES
Creditors:amounts falling due within one year 13 (415) (250) (665) (738)
NET CURRENT ASSETS 516 182 698 940
TOTAL NET ASSETS 516 182 698 940
The funds of the charity: 17
Restricted income funds 0 182 182 253
Unrestricted income funds 516 0 516 687
Total Charity Funds 516 182 698 940

These financial statements of SWFT Charity registered number 1056424 were approved by the Trustee and authorised for issue on TBC

They were signed on its behalf by:

Glen Burley - Chief Executive 05/02/2025

Page 8

Balance Sheet as at 31 March 2023

Notes
CURRENT ASSETS
Debtors
11
Cash and cash equivalents
12
Total Current Assets
CURRENT LIABILITIES
Creditorsfalling due within one year
13
NET CURRENT ASSETS
NET ASSETS
The funds of the charity:
17
Restricted income funds
Unrestricted income funds		 Unrestricted
Funds
2023
£000
3
1,201
1,204
(517)
687
687
0
687
687		 Restricted
Funds
2023
£000
23
451
474
(221)
253
253
253
0
253		 Total
Funds
2023
£000
26
1,652
1,678
(738)
940
940
253
687
940

Page 9

Statement of Cashflows for the year ended 31 March 2024

Notes
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by (used in) operating activities
14
CASH FLOWS FROM INVESTING ACTIVITIES
Receipt of Bank Interest
Net cash provided by (used in) investing activities
CHANGE IN CASH AND CASH EQUIVALENTS IN THE
REPORTING PERIOD
CASH & CASH EQUIVALENTS:
AT THE BEGINNING OF THE REPORTING PERIOD
Transfer between funds
16
AT THE END OF THE REPORTING PERIOD*
12		 Unrestricted
Funds
2023/24
£000
(288)
18
18
(270)
1,201
(5)
926		 Restricted
Funds
2023/24
£000
(24)
0
0
(24)
451
5
432		 Total
Funds
2023/24
£000
(312)
18
18
(294)
1,652
0
1,358		 Total
Funds
2022/23
£000
235
0
0
235
1,417
0
1,652

Page 10

Statement of Cashflows for the year ended 31 March 2023

Notes
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by (used in) operating activities
14
CHANGE IN CASH AND CASH EQUIVALENTS IN THE
REPORTING PERIOD
CASH & CASH EQUIVALENTS:
AT THE BEGINNING OF THE REPORTING PERIOD
Transfer between funds
AT THE END OF THE REPORTING PERIOD
12		 Unrestricted
Funds
2022/23
£000
168
168
1,044
(11)
1,201		 Restricted
Funds
2022/23
£000
67
67
373
11
451		 Total
Funds
2022/23
£000
235
235
1,417
0
1,652

Page 11

Notes on the accounts

1. Accounting Policies

(a ) Basis of preparation

SWFT Charity is governed by a Trust Deed and is administered and managed by the Corporate Trustee, the South Warwickshire University NHS Foundation Trust (SWFT). The Charitable Fund operates as a public benefit entity.

The accounts have been prepared under the historic cost convention.

The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities (SORP 2019)" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1 January 2019; and the Charities Act 2011.

The principal accounting policies are set out below.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Where the restriction requires the gift to be invested to produce income but the Trustee does not have the power to spend the capital, it is classed as permanent endowment.

Unrestricted income funds comprise those funds which the Trustee is free to use for any purpose in furtherance of the charity's objectives. Unrestricted funds include designated funds, where the donor has made known their non binding wishes or where the Trustee, at its discretion, have created a fund for a specific purpose.

The major funds held in each of these categories are disclosed in note 17.

(c ) Income

All income is recognised once the Charity has entitlement to the resources, it is probable that the resources will be received and the monetary value can be measured with sufficient reliability.

Where there are terms or conditions attached to income, particularly grants, then these terms or conditions must be met before the income is recognised 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 met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.

(d ) Income from legacies

Legacies are accounted for as income either upon receipt or where the receipt of the legacy is probable.

Receipt is probable when:

If there is uncertainty as to the amount of the legacy and it cannot be reliably estimated then the legacy is shown as a contingent asset until all of the conditions for income recognition are met.

Page 12

(e) Expenditure

Expenditure is recognised when a liability is incurred, goods and services are supplied. Grant commitments are recognised when a constructive obligation arises that result in payment being unavoidable.

Grants are only made to related or third party NHS bodies and non NHS bodies in furtherance of the charitable objects of the Charity. A liability for such grants is recognised when approval has been given by the Trustee and the grant communicated to the recipient. The NHS Foundation Trust has full knowledge of the plans of the Trustee, therefore a grant approval is taken to constitute a firm intention of payment which has been communicated to the NHS Foundation Trust, and so a liability is recognised.

Charitable expenditure is aggregated within the most appropriate category.

Contractual arrangements are recognised as goods or services supplied.

The Charity does not directly employ any staff. However, South Warwickshire University NHS Foundation Trust undertakes all administration, accounting, financial reporting and fundraising support. The Trust charges for this service.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

(g ) Allocation of overhead and support costs

Support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration, internal and external audit costs and IT support.

Support costs have been apportioned between fundraising costs and charitable activities based on the level of expenditure of each category.

The costs of raising funds are the costs associated with raising funds and holding events including staff costs which are recharged from SWFT.

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the Charity.

(j ) Debtors

Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.

(k) Cash and cash equivalents

Cash at 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 in 95 day notice interest bearing savings accounts.

(l) Creditors

All the Charity costs incurred within the South Warwickshire University NHS Foundation Trust are fully rechargeable to the Charity therefore the Charity liabilities are payable to the intermediate entity, South Warwickshire University NHS Foundation Trust.

Page 13

Expenditure is only authorised after it has been ascertained that there are sufficient funds within the individual charitable fund to support the expenditure. In addition, the Trustee asks fund managers to submit annual spending plans.

The Trustee therefore has a reasonable expectation that the Charity has adequate cash reserves to continue in operational existence for the foreseeable future being a minimum of 12 months from the date of signing these accounts. For this reason, they continue to adopt the going concern basis in preparing these accounts.

(n) Financial Instruments

Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The charity only holds financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 14

Note 2. Critical Accounting Judgements and Key Sources of Estimation

In the application of the Charity's accounting policies, which are described in note 1, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above.

Note 3. Analysis of Income from Donations, Legacies and Grants

Donations
Legacies
Grants
Donations
Legacies
Grants		 Unrestricted
Funds
2023/24
£000
123
88
3
214
Unrestricted
Funds
2022/23
£000
88
45
0
133		 Restricted
Funds
2023/24
£000
116
0
54
170
Restricted
Funds
2022/23
£000
8
0
92
100		 Total
Funds
2023/24
£000
239
88
57
384
Total
Funds
2022/23
£000
96
45
92
233

Page 15

Note 4. Analysis of Income from Other Trading Activities

Fundraising events
Bank Interest
Fundraising events
Bank Interest		 Unrestricted
Funds
2023/24
£000
15
18
33
Unrestricted
Funds
2022/23
£000
18
5
23		 Restricted
Funds
2023/24
£000
7
0
7
Restricted
Funds
2022/23
£000
7
0
7		 Total
Funds
2023/24
£000
22
18
40
Total
Funds
2022/23
£000
25
5
30

Page 16

Note 5. Analysis of Expenditure on Raising Funds

Fundraising - non pay costs
Fundraising - pay costs
Allocated Support Costs
8
Fundraising - non pay costs
Fundraising - pay costs
Allocated Support Costs
8		 Unrestricted
Funds
2023/24
£000
27
92
18
137
Unrestricted
Funds
2022/23
£000
25
79
11
115		 Restricted
Funds
2023/24
£000
0
2
0
2
Restricted
Funds
2022/23
£000
0
8
0
8		 Total
Funds
2023/24
£000
27
94
18
139
Total
Funds
2022/23
£000
25
87
11
123

Total staff salaries was £94k (2022/23: £87k). The pay cost charge includes staff time equating to 2 whole time equivalents (2022/23: 2 WTE).

No employees received employee benefits (excluding employer pension costs) of more than £60,000.

Page 17

Note 6. Analysis of Expenditure on Charitable Activities

Purchase of Medical Equipment
Staff Training and Welfare
Patient Welfare
Buildings & Refurbishments
Other Expenditure		 Grant
funded
activities
2023/24
£000
76
92
172
148
3
491		 Allocated
Support
costs
2023/24
£000
11
7
17
1
0
36		 Total
2023/24
£000
87
99
189
149
3
527
Purchase of Medical Equipment
Staff Training and Welfare
Patient Welfare
Buildings & Refurbishments
Other Expenditure		 Grant
funded
activities
2022/23
£000
88
54
165
117
2
426		 Allocated
Support
costs
2022/23
£000
9
4
10
8
0
31		 Total
2022/23
£000
97
58
175
125
2
457

Page 18

Note 7. Role of volunteers

Volunteers play a valuable role across the Trust and in particular when supporting our Charitable Fund. As an unpaid resource, volunteers donate their time in a variety of ways including; helping at events, supporting with administration or hosting their own events and activities. The Trust is extremely grateful to all volunteers, their dedication and support helps us to generate more charitable income.

Note 8. Allocation of support costs

Support and overhead costs are allocated between fundraising activities and charitable activities. Governance costs are those costs which relate to the strategic management of the charity. Total governance costs are £19,120 (2022/23 £9,120).

Increase in governance costs are due to additional audit fees incurred for the 2021/22 and 2022/23 audits.

Administration Cost
Audit
Service Charges		 Raising
Charitable
Funds
Expenditure
2023/24
2023/24
£000
£000
10
20
7
13
1
3
18
36		 Total
Funds
Basis
2023/24
£000
30
Expenditure Values
20
Expenditure Values
4
Expenditure Values
54
Administration Cost
Audit
Service Charges		 Raising
Charitable
Funds
Expenditure
2022/23
2022/23
£000
£000
8
22
2
7
1
2
11
31		 Total
Funds
Basis
2022/23
£000
30
Expenditure Values
9
Expenditure Values
3
Expenditure Values
42

Page 19

Note 9. Trustees' remuneration, benefits and expenses

The charity's trustees give their time freely and receive no remuneration for the work that they undertake as trustees (in either year).

In addition, they have not received any expenses for costs incurred in fulfilling their duties (in either year).

Note 10. Auditor's remuneration

The auditor's remuneration of £19,120 for an audit (2022/23: £9,120) related solely to the audit with no other additional work being undertaken (2022/23: £nil) Increase in audit costs are due to additional audit fees incurred for the 2021/22 and 2022/23 audit.

Note 11. Debtors under 1 year

Accrued income Total
Funds
2023/24
£000
5
5		 Total
Funds
2022/23
£000
26
26

Note 12. Cash in bank and in hand

Cash in bank and in hand Total
Funds
2023/24
£000
1,358
1,358		 Total
Funds
2022/23
£000
1,652
1,652

The charity currently does not hold any cash equivalents. No cash was held outside of the UK

Note 13. Creditors - amounts falling due within one year

Amounts owed to Group undertakings Total
Funds
2023/24
£000
665
665		 Total
Funds
2022/23
£000
738
738

These amounts are owed to South Warwickshire University NHS Foundation Trust and are unsecured, interest free and have no fixed date of repayment.

Page 20

Note 14. Reconciliation of net income / (expenditure) to net cash flow from operating activities

NET INCOME/(EXPENDITURE) FOR
THE YEAR
Adjustments for:
Bank Interest
(Increase)/decrease in debtors
(Decrease)/increase in creditors
NET CASH GENERATED BY
OPERATING ACTIVITIES		 Unrestricted
Funds
2023/24
£000
(166)
(18)
(2)
(102)
(288)		 Restricted
Funds
2023/24
£000
(76)
-
23
29
(24)		 Total
Funds
2023/24
£000
(242)
(18)
21
(73)
(312)		 Total
Funds
2022/23
£000
(317)
-
(25)
577
235

Note 15. Related Party Transactions

Patients of South Warwickshire NHS University Foundation Trust (SWFT), the Corporate Trustee, are the main beneficiary of the Charity. SWFT is the immediate parent and the Department of Health is the ultimate controlling party for the Trust. SWFT's principal purpose is as a healthcare provider. The Charity incurred expenditure, relating to SWFT, totalling £523k for charitable expenditure (2022/23 £457k) and £139k of fundraising related costs including £94k of staff costs (2022/23 £123k including £87k of staff costs). At the end of the year there was a creditor of £665k (2022/23 £738k), for charitable expenditure which had been incurred by SWFT. These transactions are unsecured and are payable upon demand. There was no debtor balance between the Charity and SWFT (2022/23 £nil). During the year none of the members of the NHS Board of Directors' or senior NHS Trust staff or parties related to them were direct beneficiaries of the No donations were received from related parties (SWFT and it's associated subsidiaries and joint ventures) (2022/23 £15k).

Page 21

Note 16. Transfers between funds

£5k of funds were transferred from the Elderly Care Fund to the Sensory Garden fund to support the sensory garden project.

£27k of funds were transferred from the NHS Charities Together Fund to the Trustwide Wellbeing Fund to enable the funds to be used in the furtherance of staff wellbeing schemes.

Page 22

Note 17. Analysis of Charitable Funds

RESTRICTED
Trustwide Staff Wellbeing
Rigby Awards
Donald Greenway Legacy
Birth and Babies Appeal
Stratford Hospital Appeal
NHS Charities Together Grants Fund
Young Minds Matter Appeal
SWFT CS Mannekin Fund (TF)
Sensory Garden Fund
TOTAL RESTRICTED FUNDS
Sprinkle Some Magic
Cancer Fund
Breast Care
Eye Services
ITU
Dr Hawker - Training & Education
Elective Care Fund
Support Services Fund
By Your Side
Heart Care Fund
Emergency Fund
Elderly Care Fund
Ellen Badger Fund
Palliative Care
Out of Hospital Fund
Macgregor Ward
SCBU
Women's Care Fund
Children's Fund
Leam Neurological Appeal Fund
SWORD
SWFT Financial Support Fund
Maternity Bereavement
TOTAL UNRESTRICTED FUNDS
TOTAL FUNDS*		 Balance at
1 April 2023
£000
0
0
86
1
15
77
59
15
0
253
66
72
45
33
25
10
100
19
4
35
16
22
154
9
16
10
4
7
3
10
8
19
0
687
940		 Transfers
£000
27
0
0
0
0
(27)
0
0
5
5
0
0
0
0
0
0
0
0
0
0
0
(5)
0
0
0
0
0
0
0
0
0
0
0
(5)
0		 Income
£000
0
48
0
0
1
0
94
0
34
177
115
23
33
1
3
1
7
1
1
1
7
0
4
1
2
6
17
0
0
12
6
0
6
247
424		 Expenditure
£000
0
(48)
0
0
(3)
(50)
(152)
0
0		 Balance at
31 March 2024
£000
27 To support Staff Wellbeing across the Trust
0 To fund a nurse to support cancer research work at the Trust.
86 To be used to support the eye units at Stratford and Warwick hospitals
1 To provide equipment and facilities.
13 To enhance the facilities for the new Stratford hospital development. Appeal now ceased
0 To provide equipment and facilities.
1 To provide new facilities for the childrens ward.
15 To provide a new mannekin for education and training.
39 To provide a new sensory garden for eldery care department.
182
59 To be used to support staff and patients across the hospital.
59 To be used for services and to benefit patients in the Aylesford & Rigby Units
64 To be used for services and to benefit patients and staff of the Breast Care Unit
16 To be used for services and to benefit patients of the Machen Eye Unit and the Stratford Eye Unit
17 To be used for services and to benefit patients of the ITU
9 To support training & education for the departmental team.
67 To be used for services and to benefit patients & staff in elective care departments
11 To be used for services and to benefit patients & staff in support services departments
3 To be used to support postnatal patients across South Warwickshire.
29 To be used for services and to benefit patients & staff in the cardiac department
10 To be used for services and to benefit patients & staff in emergency departments
0 To be used for services and to benefit patients & staff in elderly care departments
116 To be used for services and to benefit patients & staff at Ellen Badger hospital
5 To be used for services and to benefit patients in the palliative care department
10 To be used for services and to benefit patients & staff in out of hospital departments
13 To be used for services and to benefit patients & staff on Macgregor Ward
7 To be used for services and to benefit patients & staff on SCBU
4 To be used for services and to benefit patients & staff in women's care departments
2 To be used for services and to benefit patients & staff in children's departments
8 To facilitate the enhancement of the Acquired Brain Injury Unit and purchase specialist Equipment
2 To be used for services and to benefit patients & staff of the orthopedic department
0 To support staff experiencing financial hardship
5 To support parents experiencing bereavement
516
698
(253)
(122)
(36)
(14)
(18)
(11)
(2)
(40)
(9)
(2)
(7)
(13)
(17)
(42)
(5)
(8)
(3)
(14)
(3)
(1)
(14)
(12)
(19)
(1)
(413)
(666)

Page 23

Note 17. Analysis of Charitable Funds

RESTRICTED
Trustwide Staff Wellbeing
Rigby Awards
Donald Greenway Legacy
Birth and Babies Appeal
Stratford Hospital Appeal
NHS Charities Together Grants Fund
Young Minds Matter Appeal
SWFT CS Mannekin Fund (TF)
Wildflower Corridor
TOTAL RESTRICTED FUNDS
Sprinkle Some Magic
Rigby Awards
Cancer Fund
Breast Care
Eye Services
ITU
Dr Hawker - Training & Education
Elective Care Fund
Support Services Fund
By Your Side
Heart Care Fund
Emergency Fund
Elderly Care Fund
Ellen Badger Fund
Palliative Care
Out of Hospital Fund
Macgregor Ward
SCBU
Women's Care Fund
Children's Fund
Leam Neurological Appeal Fund
SWORD
SWFT Financial Support Fund
TOTAL UNRESTRICTED FUNDS
TOTAL FUNDS		 Balance at
1 April 2022
£000
31
0
86
1
16
135
48
0
0
317
152
11
164
47
37
26
12
74
27
7
43
47
28
173
11
28
17
3
5
6
22
0
0
940
1,257		 Transfers
£000
0
11
0
0
0
0
0
0
0
11
(20)
(11)
0
0
0
0
0
-9
0
0
0
0
0
0
0
0
0
0
0
0
0
9
20
(11)
0		 Income
£000
0
50
0
0
0
0
19
15
23
107
25
0
28
5
0
7
0
46
2
0
0
9
0
1
3
2
3
5
5
0
6
9
0
156
263		 Expenditure
£000
(31)
(61)
0
0
(1)
(58)
(8)
0
(23)		 Balance at
31 March 2023
£000
0 To support Staff Wellbeing across the Trust
0 To fund a nurse to support cancer research work at the Trust.
86 To be used to support the eye units at Stratford and Warwick hospitals
1 To provide equipment and facilities.
15 To enhance the facilities for the new Stratford hospital development. Appeal now ceased
77 To provide equipment and facilities.
59 To provide new facilities for the childrens ward.
15 To provide a new mannekin
0 To provide a new wildflower area at Warwick Hospital. Fund Closed at end of year.
253
66 To be used to support staff and patients across the hospital.
0 To fund a nurse to support cancer research work at the Trust.
72 To be used for services and to benefit patients in the Aylesford & Rigby Units
45 To be used for services and to benefit patients and staff of the Breast Care Unit
33 To be used for services and to benefit patients of the Machen Eye Unit and the Stratford Eye Unit
25 To be used for services and to benefit patients of the ITU
10 To support training & education for the departmental team.
100 To be used for services and to benefit patients & staff in elective care departments
19 To be used for services and to benefit patients & staff in support services departments
4 To be used to support postnatal patients across South Warwickshire.
35 To be used for services and to benefit patients & staff in the cardiac department
16 To be used for services and to benefit patients & staff in emergency departments
22 To be used for services and to benefit patients & staff in elderly care departments
154 To be used for services and to benefit patients & staff at Ellen Badger hospital
9 To be used for services and to benefit patients in the palliative care department
16 To be used for services and to benefit patients & staff in out of hospital departments
10 To be used for services and to benefit patients & staff on Macgregor Ward
4 To be used for services and to benefit patients & staff on SCBU
7 To be used for services and to benefit patients & staff in women's care departments
3 To be used for services and to benefit patients & staff in children's departments
10 To facilitate the enhancement of the Acquired Brain Injury Unit and purchase specialist Equipment
8 To be used for services and to benefit patients & staff of the orthopedic department
19 To support staff experiencing financial hardship
687
940
(182)
(91)
0
(120)
(7)
(4)
(8)
(2)
(11)
(10)
(3)
(8)
(40)
(6)
(20)
(5)
(14)
(10)
(4)
(3)
(3)
(18)
(10)
(1)
(398)
(580)

Page 24