GHARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2020r21 NATIONAL HEALTH SERVICE DUDLEY GROUP NHS CHARITY FINANCLAL STATEIAENTS 2020-21 FOREWOIID Th& Dudley Group NHS Ch3rity funds are registered with th8 Charlty Commlssion, weforence number lo979 and indude frjnds in ofThe Dud Group NHS Foundation Trust. The fin8ntsal statements for the y•ar ended 31 M4r¢h 2021 have been prepared In aerdance th tha requirements in The Charthe$ IAccounts and R8POrtsl Regulation 2fK18. Chaiitias Act 2011 and the Financlal Reporting Standards applicable in tho UK and the Republlc of Ireland IFRS1021. W41N PURPOSE OF ThE FUNDS HELD ON TRUST The main puwo$e of Charitab luTrJs held on trust is to apply income for any charit8b purpw relatirs to the NlOnal Heahh se[vi wholty vr mainly for the 8ervi(*s pre by The Dudley Group NHS Foun¢Jatlon Trust. SvJned.. Date.. 5 July 2021 Fowrd
CHARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2020r21 ststement of trustse's re8ponsibilitieJ The trustee 1$ responsible for pParIng the Trustee's Report and the financial statements in accordance with applicable Lqw and regulations. The law applicable to charities in England and Wales requires the trustee to prepare finanrial statements frjr each financial year. Under that law the trustee has prepared the financi81 statements in accordance wth United Kingdom Generally Accepted Accounbng Practice Iunited Kingdom Accounting Standards and applicablè lawl. Under that law the trustee must not approve the financkil 51alemènts unless they are satisfied that they give a true and fair view of the state of thè affairs of the chartty and of the incoming resources and applic*ion of resoui¢es of the charity for that period. In preparing IhBse financial statèments, the trustee is required to.. select suitable accounting poli¢ie$ and then app them con81slpnty'. - obsetvp the methods and princie& in the Ch8rtbes SORP.. - make judgtnènts and estimates that a reasonatje and prudent state whether applicable UK Accounting Standards have been follod, subject 1¢ any material deparlures disdosed and •xplained in the financial statements,. and prepare the financA81 $18tements on the gc4ng con¢ern basis unless it is inappropriate to presume that the charitable company wll continue in business. The trustee is responsible for keeping accounting records th8t are SLrfficient to show and explain th9 charity's transactions and disclose with reasonable accur8cy al any time the financial position of the charity and enable them to en8ure that the financial statements comply wth the Charities A¢t 2011, the Ch8rity (Accounts and Reports) Reguklions 2008 and the provision of the tftkst deed. They ore also responsibl• for safeguarding the assets ol the charty and he for taking reasonabl8 steps for the prevention and deteclion of fraud and other irregularitEs. The trustee is responsibl8 for the maintsnance and Ir[tY of the charty 8nd financial infomatyon included on the charitls Websi L8gislatv)n in the United Kingdom governing the pparatIOn and dlssemination of financial statements may drferfrom 18gislation in other jurisdictions. Signed on behalf of trustee.. Chairman Date.. S Juty 2021 Trustee Date.. 5 ju 221 Page I
Independent auditor's report to the corporate trustee of Dudley Group NHS Charity Opinion We have audited th8 ffinancial Statements of Dudley Group NHS Charrty Ithe 'charitl) forthe year ended 31 March 2021, which comprise the Ststemenl of Financial Activities, the Balanix Sheet, the Cash Flow Statement and notes to the finanaal $latements, including 8 8Utnmary of significant accounting policies. The finanaal reporting framework that has been applièd in their prepafalion is applicable law and United Kingdorn Accounting Standards, including Fin8naal Reporting Stsndard 102, The Finanual Reporting Standard applicable in th8 UK and Republic of Irelgnd. (United Kingdom Generally Accepted Accounting Practice}. In our opinion, the finanry818t8temènts: glve a true and fair view of th¢ state of the charity's affairs as al 31 March 2021 and of lis incomiro resources and appll¢ation of resources for th& year then ended.. have been propedy prepared in accordance wth United Kingdom Generally Accepled Aco)unting Practi¢e", and have been prepared in 8c¢ordan¢e with the requirtrmènts of the Charities Act 2011. Basis for oplnlon We have been aptJoint8d as auditor under $8ction 144 of the Gh8rrties Act 2011 and report in accordance with r8gulations made under section 1 $4 of thal A¢t We Conducted our audtt In 8(wrd8ncè wth International Standards on Auditing IUKI IISAS IUKI) and applicablè law. Our responsibilities under those standards are further describea in the'Auditorfs responsibilities for the aud(t of the finanual $talemenls' section of our report. We are independent of the charity in ac¢ordan¢e with th6 ethical requirernents that are relevant to our audit of the financial statements in the L¢K. including the FRC'S Ethical Standard. and we have fvlfilled our other ethical responsibilities in accordance with thès8 requirements. We believe Ihat the oudit evidence we have obtained is sufficient and appropriate lo pmvidè a basis for our opinion. Conclusions relating to golng concem We are responsible for conduding on the 8PPTopriateness of the trustee's us• of the going concern basis tsf accounting and, ba8ed on the audit evidence obtained, whether a material un¢ert8inty &StS related to events or conditions that may cast significant doubt on the charity's 8bilty to continue as a going concern. we conclude that a material uncertainty e31$, wè are required to draw atterrtion in our report to the related disc1051Jies in the financial statements or, if such disclosures 8re inadequate, to Mod the audilt*s opinion. Our conclusions are based on the audit evidance obtained up lo the date of our report. However, future events or conditions rnay cause the charity to cease le ¢ontinue as a going conrn. In OUT evaluation of the trustèè's conclusions, we con$ldered the inherent risks associated wth the charity's business model indudin9 effects arising from m8cio-aconomic uncertainties Such 8s Br8xit and Covid-19, we assess¢d and challenged the ieasonableness of estimates made by the corporate trusteè and the related disclosures and analysed how those risks might affect the charity's fin8n¢i81 resources or ability to continue operalions over the going concern period. Based on the work w¢ have perforrned, we hav• not identified any matèri81 uncertainties relating to events or conditions that, individually or collèciively, may c8s1 snIC3nt doubt on the charity's ability lo continue as a going concem for a period of al least twelve months from when the fln8ncial statements are authorised for issu•. In auditsng the financial statements, we have conduded that the trustee's use of Ihg going concem basis of 8ccountlllg in the preparation of th¢ financial statements 18 appropriate. The responsibilities of the corporate tru8teÈ with respeci to going conwn are described in the 'R8sponsibilities of Ihe corporat8 trustee for the finan¢i81 ststements, section of this ieport. Page 2
Other infomiatfion The corporate trustee is responsible for the other infomiation. The olhef infomation MprIseS the inform8tion included in the Trustee's Annual Report, other than the ffinancial statements and our audilorfs report thereon. Our opinion on the finanaal statements does not wver the other information and. except to the extent olherwise expliatly ststed in Qui report. we do not express any fomi of assurance conclusion thereon. In connection with our audii of the financial stslemènts. our responsibility is to read the other information and, in doing so. consKl8rwhether the other InfOatIOn is m8lerially inconsistent wth Ihe fin8ncial statements or our knedge obtained in the audit or otherwse appears to be materially mi8Stated. If we identify such material inconsistencies or apparent Material misst8taments, we are required to determine whether there is a material mi8slatèmenl in the financAal statements or a material misstslemenl of the other inforrration. If, based on the work we have performed, w8 condude that there is a malerial misststemenl of this other information, we are required to report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the followng matters where the Charities Act 2011 requires u5 to port to you rf, in our opinion- the information given in th¢ Trusts8's Annual Report is incunsstent in any material respect with the nandal statemenls,. or the charity has not kept sufficient accouth'ng record8,' or the financial statements are not in agreernent W7th the accounting records and retums., or we have not received all thg irrforrnation and explanations we require for our audit. Responsibilities of the corporate trustee for the financial $tst¢mèr A5 •xplained more fully in the St8tern8nt of Trustee's Responsibilities set out on pag? 20, the ¢orpor81e tnjstée is responsible for the preparation of the finanoBI statements which give a true and fair view. and for such internal control as the trustee deterrnines is nece553ry to ènablè tha preparation of financial statements that are free from material mi88tslemenL whether due to fraud or error. In preparing the financi81 statements, the corporate trustee is responsible assgssing the charity's ability to conts.nve as a going COnrn, disdosing, a5 applicable. matters related to going concem and using the going concern basis of accounting unles$ the corporate trustee either intends lo liquidate Ihg tharity or to c8ase opefation8. or ha$ no alistIC aKernative but to do so. Auditorfs responsibilities for the audlt of the financial $tstsm•nts Our objectiv8s are to obtain reasonatAe assurancg ¥boul whether the financial statements as a whole are free from material misstslernent, whether due to fraud or error, and lo issue an auditor's report that indudes our opinion. Reasonable assurance is a high lèvèl of assurance, but is not a guarantee that an aud(( conducted in accord8nc6 with ISAS {UKI wll aayS detect a mat$rial misstatement when tt exists. Mi8St8tements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expe¢ted lo influence the economic decisions of users lakon on th8 basis of th8se finanoal statements. A furtheT description of our responsibilities for the audit (rfth8 financial statements is located on the Finanaal Reporting Council's website at.. .frc.Or9.kl2udltorsreSpon8lbI1itles. This descripb'vn forms part of our auditor's report. Explanation as to vthal extent the audil was considèrèd capable of delecting irregularities, including fraud Irregularities, including fraud, are instsnces of non-compliance wrfh laws and regUlatn5. We design procedure5 in line Mrith our responsibilth'es. ouuined 8tK)ve. tts dètèct material misstatements in respect of irregularities, including fraud. Owing to the Inhent limitations of an audit. there is an unavoidable risk that rnatèrial misstatements in the financial statements ffl8y not be detected. evgn though the audit is properly planned and perforrned in accordance bmth the ISAS (UK). Page 3
The •xtent to which our procedures are capable of detecting irregularitiès, indulling frathl is detaiLed below: We obtained an underslanding of thè legal and regulatory frarnework$ that are applicable to the charity and detemiined that the most significant which are directly relevant lo specffic assertions in the finanaal statements ale IhosÈ rèlated to the reporting frameworks (The Charitie5 Act 2011. the Chaiities SORP and United Kingdom Accounting Standards, induding Finanaal Reporting Stand8rd 102., 'The Finanaal Repc)rting Stsndard applicable in the UK 8nd Republic of Ireland, (United Kingdom Generally Accoplsd Accounting Practice).. We enquired of management, concerning th8 charity's policies and PToc•dures relatsng lo-. the identificAtion, evaluation and comlance with laws and regulations- the detection and response to the risks of fraud," and the establishment of intemal controls to miligale risks related to fraud or non-o)mpliance with18WS and regulations. We enquired. whelhef they were aware of any inslanc8s of non-compliance with laws and rÈgL41ations or whether they had any knowl$dgè of actual. suspectèd or alleged fraud. We assessed the susceptibility of the charity's financial statements to material misstaternent, including how fraud might occur, by evaluab'ng incèntives and oppxjrtuntties for manipulation of the financial stslemenls. This included the evaluation of the risk of management override of controls and the rlsk of fraud in revenue reCOgnOn in relation to voluntary income. We detem)ined that the principal risks were in relat¢on to.. journal entries that altered the financial p8rfom)ance for the ye8r', potenti81 management bias in determining accounting e8timale8, especially in latiOn to accruals of income and expenditure at the end of the finanaal year. Our audit pro(sdurès involved= &valuation of the design effe¢ts"veness of contrds that managament has in place lo prevent and dètect fraud.. joumal entry testing, wrth a partiuJlaT focus on signifieAnt joumals at the end of the ffinan(i81 year which imp8CtÈd on the financial performance,. assessing thè extent of compliance V1 the levant laws and regulatior75 88 part of our procedures on the relal8d finanaal statement item. In addition, we completed audit proeadures to condude on th• ctsmplianc• ol disclosures in Ihe annual TOrt and accounts with applicable finanaal reporting requiretnents. These audlt pnxedures were designèd to provide reasonabb assuran thot the financial statements were fca8 from fraud or error. However, detecting irregularities that resull from fraud is inherentty more difficuh than detecting those that result from error. as those irregularities that result frorn fraud may involve collusion, deliberate concealment, forgery or intentional misfepresentations. Also, the fvrther removed non•complian¢e with18ws and regulations is from events and Iransacbons reflected in the finanoal statements, thè sS likely we woukl become aware of it. Assessment of the appropriateness of the collèctive competsnce arKI capabililios of the engagement team includeil conslderation of the engagement team's. understanding of, and practicÈl experience audit engagements of ¥ similar nature and coMplty through appropri8le training and participation knowledge of the sectoi in whl¢h the charity operates understanding of the legal and regulatory requiiemenis specjfic to the charity, induding.. thè provisions of the applicable legislation the regulators Tules and rèlat•d guidance, induding gu*Jance issued by relevant authorities that interprets those rules Tèam communications in respect of potential non-compli8nc8 wth laws and regtionS and fr8ud includgd the potential for fraud in revenue recognition through manipulation of accnjed income. Page 4
In assessing the tentIal risks of materi81 misststemenl, we obtained an understanding of.. the tharity's operations, induding the nature of its income and expenditure and its 5•Mces and of ils objedives and 8trategies to understand the dasses of transadions, account balancès, expected financial statement (Ji3dosures and business risks that rnay result in risks of fflatèrial misstalemenl. the charws control environment. including the policies 8nd prOdureS implem8ntèd by the charity corporate trustee to ensure compliance with th8 requirerngnts of the financial r8poitng framewofk. Use of our report This report is made solely to the charity's corporate Iruslee, as a body. in accord8nce with Section 154 of the Charities Act 2011. Our audit work has LEen undertaken so that we might state lo the ch8ritls corporate tru81ee those matters we 8re required to stsle to them in an auditorfs report and ft)r no other purpose. To the fullest extent perrnitted by law, we do not accept or assurne responsibility to 8nyone other than thè ch8ri1y and its corporate trustee as a body, for our audit work, for this report, OT for the opinions we have fr)mied. Grant Thornton UK LLP Statutory Audit¢)r. Chartered Accountants Blmiingham Grant Thornton UK LLP is eligible to act as 8n auditor in term8 of section 1212 of the Companies Act 20(6. 8 July 2021 Page 5
HARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2020121 Statement of Flnancial Actiwtie$ forthe yaar ended 31 Mar¢h 2021 2020121 Tetal Fund5 2019120 Total Funds £000 Note Unrestricted Funds £(M)O Restricted Funds Income from Donatbn$ and kg885 Investments Other trading activrties Other Total Income 173 40 30 1,W7 248 42 58 14 14 30 244 1.092 349 Expondituro on Raising funds Charitabl8 actiwt Other expenditure Total eXndItuT• 7&10 37 358 14 42 320 79 678 20 777 79 39) 18 487 21 368 N*t In¢omellexpBndlturo1 11651 480 315 11381 Net Gainslllos5esl on investments Net incornEllgxwndltur&l afteT GainsllLossesl on Investments 13 219 219 534 1174 13121 480 Tran5fets beiween funds Net Movement in lunds 81 473 534 Reconciliation of Funds Total Unrestricied Funds brought fomard Total Restricted Funds brought forward Total Funds carrfed forw•rd 1.821 1.821 2,113 75 1.876 182 2rt10 The notes on pgge$ 9 to 19 fom part of the50 finanual statemenis. All activlties arise from wntinulng activities. There no rec03ned gains or1055e¥ after Iho$e $htyvn abo¥8. The Statement is equant to the incorne and expendrturg aecounl. P488
CHARITABLE TRUST ACCOUNT. OUDLEY GROUP NHS CHARITY- 2020r21 Balance She&t as at 31 March 2021 Nole Unr051ricted Funds £000 Restricted Funds £000 Total at 31 March 2021 £000 Total at 31 March 2020 £oco Non Current Ass•ts Intangible Ass8ts Investrnents Debtors ower 1 y88r Ti)ial Flxed Assets 12 13 15 1,405 1,405 1,186 1.405 1.405 1,187 Curr¢ntA5sets Debtors Cash and cash equivalents Totsl Curront A85FIS 15 16 18 500 518 21 1,034 1,055 741 752 537 Creditors falling due within on8 year Net Current Assels 17 41 477 50 1.005 63 528 Total A5#ets Less Current Liabllltle8 1.882 528 Creditors falling due after more th8n one year Provision$ for liabilities th3rges Total N•t Assets 17 1.882 528 2.410 1,876 Fund8 ofthe Charity Re$ir5Ct8d sncam8 fur5 Unrestricted Inco funds Total Funds 18 19 528 528 1.882 2.410 55 1,821 1,876 1.862 1.882 528 The finanrAal stataments Vre approved by the tru$l8e and authori$ad for issug on their behalf by.. Signed.. Oat•". 5 July 2021 Funds of the Charity comprise Unrestricted Funds £1.882,CQO12019120 £1,821.QQOl ofwhi¢h £1,887,0 12019120 £1.670.ONI have baen desvJnat8d for sp8eific purposes and Resirided Funds £528,00912019120 £55,000). Unrestncled Funds comprise those fund8 that trustee i!.. free to Use fof any puipose in furtheran of the Charity objectives, Re5tri¢tsd Fund5 are speufiG app8818 fcrfunds or don8tion$ where Leg81 reslriclion5 have been imposed by the Donor. Page 7
CHARITABL& TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2021Y21 Cash Flow Statemontforthe year ended 31 March 2021 2020121 Total Funds £000 2019120 Total Funds £orM) Ro¢onclllatlon of nel In¢omoll•xpondlturel to not cash flow from owratlng actlviti8S Net incemellexwnditurel for th8 reporting PBtiLKI1g9 per tha statemenl of financKg1 actniitiesl 315 11381 Adjustments for.. Depre¢ialion charge Dividends 8nd interest from investments IlnGrEaseVdecreas8 in debtors Increa5ellde¢reasel in creditors Net Ga5h prDvided by (used in l operatirq aCtIve$ 1541 1421 13 239 31 149 Cash IIow8 from operating aGtieS. Net ¢a8h provided by (used inl operabng act.98 Cash flov from investSng activitsos- DIVendS and Inte$t from Inv8Stments Net cash provKJed by (used inl investing aGtMbes 239 11491 42 Change in cash and cash equ818ntS in the repoiting petK)d 293 lion Co$h and cash equlvalgnts at 1 Aprll 741 ash and cash equlval8nts at 31 Mar¢h 1,034 741 Anatysls of cash and cash equivalent8 Cash in h8nd Noti¢e deposits Totsl rA8h and cash 8qulvo1•11ts 534 500 1,034 241 500 741 Pgge 8
CtrIARITABLE TRUST ACCour- DUDLEY GROUP NHS CHARITY- 2020r21 Not•s to the finanGial statement8 1. Ac¢ountlng Pollcles lal Basis of prep•rntlon The financial staternenls have been prepared In aecordantr wth The Charities (Accoun15 and Reports) Re ulalion 2008, Charit$ Act 2011 and the Finanoal Reporting Slandards applicabb In the K and th? Republic of Ireland IFRS1021. The chantys major fund5 held in wtrthd and unrtstriLed c9tsgort88 8re in notes 18 and 19. Thg trustee Conshlets that the are no rnalerial uncertaint$ about the Charitls ability lo continue as 8 oing conrn. There ar8 no rnaterial unc¢rtaintWd afftIng the current arfs fin8ncia stateTllent$. Ibl Structure of funds Reslrthd Funds art these lthere the ¢onor has provijed for the 4wation lo be spant in fulhÈrance of a specrfic charitable purpose or an appeal for funds wher¢ legal restrictirS hav& been imposed by the donor. Unre$tricted funds comprise those fund8 whKh Ihe Tru51ee i4 free to Le ferany purpc6• in furtherance of the Gh8rilabk obJ"e¢l$. Th8 Tru5tee$ have sd asmle part ofthe unrestricted funds as de$wnaleO funds to b8 Used for 8 parti¢ui2r ward or $p¢¢ialy where the donor has 8F¢crfied. The maiorfvnd$ he in each of theso cats90$ are di8closed in not•5 18 and 19. Incoming resources All incoming re50urce5 sre rec¢gntseil On tha th8nly h85 eftdtkment to resource8, It 1$ prob2ble (more likety than not) Ih21 tha r8scurces will be re¢ewe(J and the monetary value of Incoming r2sources can be measured with sufficient reliability. Where there 8fe term$ or ndon8 attached to incoming ro$ourc88, p8CUL9rty grant5. then these trm$ or ¢ondilions must mel before incom8 is reccgni5ed as the enlillernenl Gondilion 11 nol t satAsfied until that wint. Indi¥tdual donatKJns are reviewed forGiftAbJ appIallon ar¥J du Grft in¢ome accrued at the year-end if not clained from H. imthj fr(Mn H.M.R.C. .R.C in the financial year. Idl Incoming rvJour¢es from 18gaci88 Lega¢ie$ are accounted for as incorning resources either upon receipt or where recepl of the bgacy is probable., this wil once ¢ofifirmalion has baen received from the represenbtivés of the eslatelsl th81 probate has been granted. the executvrs have established thai there are sufficnI assets in IhB estate to pay the kgacy and all condition$ attashed to the1og8cy have been fulfi'lled within the control. Pegg 9
CHARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS GHARITY- 2020r21 1. ArGounting Pollcl88 Icontinuedl 181 Rg$tsurc•s expondod and irreGovÈrable VAY All eXnditUre is accounted for on an a¢¢ruals basi8 and has been dasslfied under h8adings that 4ggregate all costs related to each category of 8xp8nse shown in the Statement of Finan¢ial Athvil8. Expenditure is r)jnISed when the foll19 Cnteria are met.. There 15 a Psent legal orconstructNe obligation resulting from a pgst event. It 15 more 5ikely than not that a transfer of bgnefits (usually a cash payment) 11 be required in settlement The amount of the oblatiOn can be rneasured or esb"mated reliabty. Irreco¥8rable VAT 15 char9ed against the category of SoUrceS expended for whth St was in¢urred. Grants are only made to related Drthird party NHS bodi8s and non NHS bodies In furth8ranc8 of the charitable cbje¢tiYe$ of the funds held on trust Gr8nt payment5 are recognised a$ expenditure when th8 con(Jitv)ns for Iheir payment hav• been met orwhere there is a constNetwe obligation to make a p8ymenl. Th¢ trustees have control overthe amount and timire of grant payrnerts and consequently where approval ha$ be&n given by the trustees th8n a liabilty is coun1$¢d. lfj Allocation of $upp¢Yt cc6ts Support Costs are those costs wttich do not rdate lo a single actNty. Th•s• incIJe staff costs, cost of adrninislran, internal and extemal audit o)sts aThl IT support. Support costs have been apporDoned bthèn fundraising costs and charitabla athities as a per¢entage Df expenditu The 8naly$i$ of support costs and the ba$gs of apporbonrn8nt applied a shovJn in note 6. Igl Charltablo Activities Costs of charitable actwitie$ includ8 811 costs incjjrred in the pursult gf Iha charrtae objects of the tharrty. These costs include an 8PPOrtiOllTnEnt of $upport costs costs. as shown in note 8. and ar¢ apportioned by average fund bance charged to the specffic funds. Ihl Fixed ¥¢t In¥e8trnents Investments a slated al market value at th8 balan¢9 sheel date. The Charrty Author1 Inve5tmnt Fund Units are includad in the balan she8t at the dosing dealing pri¢e at 31 March 2021. 111 Roallsgd galns and I605 All gains and losses are taken lo the Ststem8nt of Financial Acti$ a$ W arlsè. Re8lised gain$ and losses on instMentS are cakulaied as the drfferenGe b2tween sales proe0$ and th8 opening market valué or purcha date rf later. UnreAli$ed galns and losses ale ralculated 8s the diflerenTr between the mathet value 8t the year end and opening rnarket value or purchase date rf later. Page 10
CHAR ABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2020r21 1. Accounting Policies Icontlnu•dl Ul Irrtangibl¢ 0$88ts Intangible assets are non-monolary Jssets wthout physical $ubstsn¢e whh s capable of being sohl separately trom th8 r851 of tho ChariW$ business orbvhicb arise from rxjntractual or olher1egal nghts. They are recognised only whew rt 18 probabk that future enOMIC benefits will flow to. vr setyi¢e pot8ntug1 be provided to, the Charity and Whe th? cost of the asset Can be measured liab. Sofvare Software which is integral to the operatn of hathare e.g. an operating systern caprtalised 85 Part ot the TeLevgnl item of property, plant and equipment. Sofh¥are whtch is not integr81 lo the operation of hardware e.g. applirAtion seftware. 15 COPrtall$e¢ as an in¢arKJib asset. Pur¢hased ccrfnputer sofNwdre licen8 ar8 capit81ised a$ intangible non-current assets wher& expenditure of at least £5,1)OD is inGUtred and omorti8eJ ov8rth• shorter olthe temi of the li¢6nse and their useful lives. Measur8rn•nt Intangible a55ets ore reojgnised initially at r()st. comprising all diredty attributab costs needed to create. produce and prepare the asset to th8 point that it 1$ ¢apable of oper8tlllg in the manner intenoed by management. Sub$equently intars1b assets are measured at fair valu8. orti¥ation Iniangible assets are amortwd over their expeeied useful economic lfves in a manner consistent with the consumption of 8conorDi¢ or Serv de1Nery benerrts. Asset Ca.tqLry Software Licar Us•ful Ltfè Ikl Pooling Scheme An offiri?I woling stheme is operateo for in¥estm?nts l80'na to all Vmbrema SpEcval Charty Funds. The schem8 wa5 registered wlh the Ch8rty CrArmi8sion on 7 April 1998. 111 Cash Flow Stalwent The Charty has prepad the finanoal ststents uTrJer FRS 102 and provided a 3tst8ment of ca$h flthv. Page 11
CHARITABLE TRUST ACCOUNT- OUDLEY GROUP NHS CHARITY- 2020121 2 Related party tran5aGtiong As part of the nomal ¢Duf88 of busirE55. the chArftab Funds undertake 4 nurnbor of transactions with The Dudley Group NHS Found8tion Trust. Thesè transactions amount to expenditu of £777.00012019120 £487,000).. 8nd a credrtor of £36.00012019r20 £53,000). The Charity has also undertaken trans8Ctions with HMRC, who as a Govemment Depathent ar8 deemad a relalad party. The traThsoclioThs wth HMRC amount to income of £1.3CQ12019120 É2,2wI,' th•rn wa5 no ¢Jebl wlh the Oudley Group NHS Foundation Trust in thB ye8r12019120 £6001. Members of the Charitabk Funds Board of Trustees are also members ofThe Dudley Group NHS Foundation Trust Board. Thfre appropriate eontroJ5 in eK5tenc lo en8Urn thal indwiduAI transacWon$ are und8rt8k8n irtdep&ndenUy of these member5. 2020121 Tumower trf Surplu$ (DefrtI Connected for th Organi58tion Connected Organisatson 2019120 Turnover of Su¢plus IDeficttl Connected for the Organisation Connected Organisation £o)o The Dudley Group NHS Foundation Trust 450,756 411,9CKI 3.203 3 Donatlon8 and lega¢ie5 Unwtrided Fund8 RestrKted Funds 2020121 Total Funds eOOD 2019120 Total Funds £000 £000 £000 Donations from individua Donations In memoriam Charity Ap1 intx)me Lega88 Grants Grants from NHS Charith?$ Together stage 1 funding Grants from NHS Charrtk?s Together stage 2 funding 107 612 616 25 172 172 50 Total 173 834 1.Q07 Donations from indwiduab arg gifts frorn mernbots of the public, relatives of pakn'ents and staff. In 2020121 donalions lo the Charity Co¥id-19 Appeal inc088d svJnificantty in response to the pandernK and in 8UPPOrt of our patnts and siaff. In 2020121, the charity received grants trom the NHS Charities Togelher ¢OVID-19 8rn8rg8ncy app•al. 4 Other tradin9 a¢livslies Unrestricted Furrf Restricted Funds 2020121 Total Funds £000 2019120 Total Funds £000 £000 £0 Fundwiser in¢ome Staff Lottety Income 36 22 2S Totsl 30 S Other Income Unr•$tithd Funds Restncaed Funds 2020121 Total Funds 2019r20 Tolal Funds £000 Research & Development Incorne Clinical Education Centre- income Page 12
CHARITABLE TRUST ACCOUNT- DLIDLEY GROUP NHS CHARITY- 2020121 6 AllocatiDn of 5UPPOrt C08ts Raising funds Ch8rilable actwititss 2020k1 Totol Fur¥Js 2019120 Total Fund$ £000 £o]o £000 External audft fee St31ulory cornplianf Finanoal Setvi¢e$ Governan¢¢ 12 20 20 18 Finana81 Admiryistration SaLqries and related costs Miscellaneous cost5 Bank charges Charity Ledger costs 28 Total 55 61 Unrestridod Re6triGted Funds Funds Total 2020r21 Funds Total 2019120 Funds £oc £000 £000 £oJo Raising funds Chantable activities 40 55 61 39 48 17 The allec8b.on of support c4sts are apportrted usSng i1 aV&Tage balanc8 of each fund and 4re ¢hgrg8d to eactt fund. Support Costs have been apPortnd betsw fundrabing costs and Charitab actNities as a percentage of eXpendrtU as aMv¢. 7 Exp&ndltur8 Unrestricted Restr8 Funds Funds Total 2020121 Funds Total 2019r20 Funds £000 £000 £ocM) £000 R818in9 Fund8 37 42 79 79 harMabl8 actlvlU88- 9XndIture Purchase of new equipment Staff edu¢ation and welfrare Patient education and weffare Researth Buikding and refvrt)i$hment 118 57 213 53 175 296 234 91 97 181 103 372 328 409 3e8 777 487 ThÈ tot81 costs for raising funds ts £79,CbJO12019120 £T9,0001 of whl¢h t59,000 rdatas to the ndraisr and apprentice salary c05t5 (see nol2 101 and th8 remaining balan¢e relates to the 8tAff lottery prttes £10,0 12019120 £10,000), events and support St9 £10,00012019120 £16.01, The Cost for buildir@ and refurbi5hrDent was actually £10,00012019120 £103.0001 but a Chanty c¥8ditor of £21.000 trom 2019120 was paThY by the Trust. Thereforg, the total 15 a nEg8ti¥e £11.WO. Pag&13
CHARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARrrY- 2020121 8 Audlto¢8 rernuneratk)n Th? auditor8 rernun8ratn Df £7.20012019120 £7,200) relates to the statutory audit. 9 TnMtee$' Temuneratlon and banefits The Twstees, wer• fiot pald 8ny remunerab.on and b8n8fft8 or reimbursed for 8ny expendlture kn 2020121 12019120 nil) 10 Stsff ¢ostS and emoluments 2020r21 Total 2019120 Total £oc Salaries wd Wages Tax&NI Pension costs The staff costs ¢molum8n15 of£48,00012019120 £47.0001 Telate to the fundTai8er who commenced in January 2010 and £11.DOO12019120 £6,000) rtlate$ to the appr&nb"(* %vho comm8n¢%d In August 2019. There Y9 no olh&r $taft¢osts as the Charty u5•5 the Servi provided bythe NHS Foundats"on Trust stafl, for the administratlon of thè charity (Note 6 Finanal Servtssl 11 Analysis of net movem•nt In fund8 Unrg$trictèl Restrilted 2020121 Fund8 FuThJ3 Total Funds ÉOOD 2019120 Total Funds £DIJ) £OOD Eooo Net movement In fund$ for the year 61 473 534 13121 Net movernent in lunds availabk for future actwrties 61 473 534 13121 Page 14
CHARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARrrY- 2020121 12 Intangible asget8 Sefvare £000 2020r21 £Tr)o 201912Q £000 Cost or Valuatlon Bakn¢e at $tsrt of year AdditK)n$ Revaluatior Impairments DBposals Cb8ing Balance AcGurnulated Depreclatlon Balance at start of year Disp088L8 R8valualions Impaiments Char9e f¢r year C105ing Net Book Volu¢ 13 Inv¢stmonts Mtsv8morrt In flxod assgt Inv98th1onts.' 2020r21 £wo 2019120 £000 M8rf¢et value at 1 April Less. Disposals at carryirvJ value Add". Acquisttlons at ¢osl Nel gairb Ilo5sÈsI on r8valation Market value at 31 March 1,186 1.360 219 1,405 174 1.186 Fixed asset Investments: Units hekl asat 31 Marth 2021 2020121 Total £000 2019120 Total £000 Investments in BLK Charitie5 UK Bond Fund Investments in BLK Charities UK Equty ESG Fund 138.890 549,235 260 1.145 920 1.405 1.186 Page 15
CHARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2020121 14 Inv85tment IriG¢Jme 2020121 Tetsl 2019120 Total £0j Investments incom8- Common IDve$trngnt Fund -cash held as part Of"1 investsnent"kX)rtfolFo - IntsrB8t from Bank Account 51 Unrestrtted Fund5 Restdcted I20r21 Funds Total Fund$ £OCA) 2019120 T81 Funds £0 £000 FNed a55et investment Short term invostments and cash d8p051t 39 13 14 42 Movement In Santander DeposltA¢¢ount 2020121 Tot81 £C#)O 2019 Total £OC4) Valuè of Depo$lt Fund at 1 April Additions Disp05al$ 500 SC 131 14 Value of DÈrx)slt Fund at 31 March 500 5rN) PBge 16
CHARITABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2020121 15 D¢btor8 2020121 Total £000 2019120 Total £000 Debtors under 1 year Aecruod ino)me PrepayThent$ 14 Totsl 21 Oebtors over I Accnjed income Prepayments Total Dobior5 21 Aecrued incotn& of £14,00012019120 £8,QOOI represents $um$ ovthj to the ¢hahty by relatad parties. byhich mainly ccn5ists of a¢¢rtJed inveslm8nt interest of £10.000. The prepayrnents of £7.OW within the year relate5 to tho Via Vita welbeiry servi ft)r staff post Covkl I£5.3001 and the NHS Charitses Tooether $ubscription for 20211221£1,500 202or21 Totsl £000 2Q19120 Tut81 16 fA$h anL1 u$h equlvaler Governn*nt Bankl'ng ServiEo$ S8nt8nder F1xed Term Deposit 241 500 1,034 741 17 CrltorS 2020r21 Total £wo 2019120 Total £OOD Creditors: tdlllng duo wlthln ong year Trade ueditors Aruua 10 14 49 Total 50 63 Creditors f•lling due after more than one year Accruals Total Credittirs Crwjrtor accruals fftpresent sum$ ovkn1 each year end by the Charity to a related party, t Dudky Group NHS foundatien Trnst for (osts in¢ufred by NHS Foundatknn Trusl on behalf of Ihe Charity in the furtherance of the Chativs obj8cts. Page17
CHARITABLE TRUST ACCOUNT. DUDLEY GROUP NHS CHARrrY- 2020121 18 Analysis of ¢h8rbt8ble fuThJs- restricted Balanc Incomlng Rosour¢•s 1 Aprll Resource5 Expended 2020 Tr8nsf•r8 Galns and Balance Lo8888 31 Alarch 2021 £000 £000 £0 £000 Dernenba Appeal ChiLdrens Appeal Rehabilitstion Appeal CanrAppe81 Baby 89reavement Appeal Emergency Department Appeal Emergency Department Paediatnc App8al NHS Charities Together covit>19 Appeal 10 35 223 807 52 411 528 11901 13681 ss (71 Restric*8d Funds are spetsfc appgals for funds or don35 where kgol reStriCtn8 have been irnposed by tho 4Yonor. The ¢harity has eight appeal fvnd5. with 9rant lunding from NHS Charth'es To9eth8r induded in the above. 19 Analysis of charfiabl¢ funds- unrestrlcted Balance Incomlng Re50urce5 l Aptll Re80UfC88 expended 2020 £000 Tr4n$fern Galns and Losse8 Balance 31 March 2021 Éooo Mat9dal fvnd$ £000 £000 £000 A P3ts8nt & staff Welbeing Fund B Community General Fund Sub total 204 11COI 13 11031 195 207 195 B•lanGe Incomlng Resources l Aprfl Rgsour¢os Exp8nd8d 2020 £000 Transfers Gain$ and Losses Balance 31 March 2021 £000 M•terfal hjnds deslgnatsd £000 £000 £000 £000 A Sp8cial Care Baby Un" B M8ternity & Obstetric Unit Coronary Care Unrt D Gastro Intestinèl Unit E Renal Unil F Pathology Directorate G medal DireLtsrat8 H MedKal Equipment Charty I Cardiology J Rheumalology K SurgtrAI Directorate L Clinical Education Centre M Adutt Communlty Sarvicas Other5 181 24 28 79 70 109 77 702 27 13 86 23$ 60 118 69 38 81 70 12 74 88 11481 1351 113 85 212 54 113 16 25 17 27 1341 Sub total 1.614 13061 192 1,687 Totsl Unre5triGted Funds 1.821 244 14091 219 1,882 Pag818
CHAR ABLE TRUST ACCOUNT- DUDLEY GROUP NHS CHARITY- 2020121 20 Commltmgnts The Charty has the folltswin9 commitm8nts'. Unrestricted Restricted Funds Fund5 Total Funds Total Funds 2020121 2019120 £000 £000 £000 £000 Chantabk Projects Capital other 20 102 129 82 20 102 129 Olher comrnitrnents relate to minor medic81 equipment. patK?nts fumiture 8nd education for Staff. 21 Anal18 of totsl r•8ources •xp•nd•d 2020121 £wo 2019120 Des¢rfOlon Chrr&tmas Exp8nditur¢- Patients P3tEnls Furfiiturè PatBnt IrfftirwnationlE¢jUcatn PatEnls Mistsllaneous Medical & Surgical Equipmgnt PatntsAUdIo Visual Staff Christmas Expendrturo Stsff Expenses Staff BookslJournalslEdu¢ab"on Siaff Course Fees Staff RetirementlLono SeNlce Staff Other Research Contlibution tc Capital Support Costs FundraisÈr Costs Staff Lottery Prizes Clinical Edu¢ation Centr¢ Costs G0veMan Costs 69 35 132 159 38 19 31 212 23 93 30 so 10 41 63 10 20 18 Totsl 777 487 Pag• 19