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 lo￿979
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 a￿erdance ￿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
N￿lOnal Heahh se[vi￿ wholty vr mainly for the 8ervi(*s pr￿￿e￿ 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 p￿ParIng 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 princi￿e& in the Ch8rtbes SORP..
- make judgtnènts and estimates that a￿ reasonatje and prudent
state whether applicable UK Accounting Standards have been follo￿d, 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 I￿￿r[tY of the charty 8nd financial infomatyon included
on the charitls Websi￿ L8gislatv)n in the United Kingdom governing the p￿paratIOn 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￿ 2￿21
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 $talemenls'
section of our report. We are independent of the charity in ac¢ordan¢e with th6 ethical requirernents that
are relevant to our audit of the financial statements in the L¢K. including the FRC'S Ethical Standard. and we
have fvlfilled our other ethical responsibilities in accordance with thès8 requirements. We believe Ihat the
oudit evidence we have obtained is sufficient and appropriate lo pmvidè a basis for our opinion.
Conclusions relating to golng concem
We are responsible for conduding on the 8PPTopriateness of the trustee's us• of the going concern basis tsf
accounting and, ba8ed on the audit evidence obtained, whether a material un¢ert8inty &￿StS related to
events or conditions that may cast significant doubt on the charity's 8bilty to continue as a going concern.
we conclude that a material uncertainty e￿31$, 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 con￿rn.
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 s￿nI￿C3nt 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 InfO￿atIOn is m8lerially inconsistent wth Ihe
fin8ncial statements or our kn￿edge 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 $tst¢mèr
A5 •xplained more fully in the St8tern8nt of Trustee's Responsibilities set out on pag? 20, the ¢orpor81e
tnjstée is responsible for the preparation of the finanoBI statements which give a true and fair view. and for
such internal control as the trustee deterrnines is nece553ry to ènablè tha preparation of financial statements
that are free from material mi88tslemenL whether due to fraud or error.
In preparing the financi81 statements, the corporate trustee is responsible assgssing the charity's ability to
conts.nve as a going COn￿rn, disdosing, a5 applicable. matters related to going concem and using the going
concern basis of accounting unles$ 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 $tstsm•nts
Our objectiv8s are to obtain reasonatAe assurancg ¥boul whether the financial statements as a whole are
free from material misstslernent, whether due to fraud or error, and lo issue an auditor's report that indudes
our opinion. Reasonable assurance is a high lèvèl of assurance, but is not a guarantee that an aud((
conducted in accord8nc6 with ISAS {UKI wll a￿ayS detect a mat$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 regUlat￿n5. 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 Inhe￿nt 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 com￿lance 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 reCOgn￿On 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 V￿1￿ 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 T￿Ort 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 coMpl￿ty
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 reg￿￿tionS 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 prO￿dureS 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 kg8￿85
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 eX￿ndItuT•
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
1￿82
2rt10
The notes on pgge$ 9 to 19 fom part of the50 finanual statemenis.
All activlties arise from wntinulng activities. There no rec03n￿ed gains or1055e¥ after Iho$e $htyvn
abo¥8. The Statement is equ￿a￿nt 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$ir5Ct8d sncam8 fur￿5
Unrestricted Inco￿ funds
Total Funds
18
19
528
528
1.882
2.410
55
1,821
1,876
1.862
1.882
528
The finanrAal stataments V￿re approved by the tru$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 aCtIv￿e$
1541
1421
13
239
31
149
Cash IIow8 from operating aG￿￿tieS.
Net ¢a8h provided by (used inl operabng act￿￿.98
Cash flov￿ from investSng activitsos-
DIV￿endS and Inte￿$t from Inv8Stments
Net cash provKJed by (used inl investing aGtMbes
239
11491
42
Change in cash and cash equ￿818ntS in the repoiting petK)d
293
lion
Co$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 ACCou￿r- 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 unrtstriL*ed 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 con￿rn. There ar8 no rnaterial unc¢rtaintWd aff￿tIng the current
*arfs fin8ncia
stateTllent$.
Ibl Structure of funds
Reslrthd Funds art these lthere the ¢onor has provijed for the 4wation lo be spant in
fulhÈrance of a specrfic charitable purpose or an appeal for funds wher¢ legal restrictir￿S
hav& been imposed by the donor.
Unre$tricted funds comprise those fund8 whKh Ihe Tru51ee i4 free to L￿e 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 ￿nd￿on8 attached to incoming ro$ourc88, p8￿CUL9rty grant5.
then these t*rm$ 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 appI￿allon 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 suffic￿nI 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$tsurc•s expondod and irreGovÈrable VAY
All eX￿nditUre is accounted for on an a¢¢ruals basi8 and has been dasslfied under
h8adings that 4ggregate all costs related to each category of 8xp8nse shown in the
Statement of Finan¢ial Athvil￿8. Expenditure is ￿r)jnISed when the foll￿￿1￿9
Cnteria are met..
There 15 a P￿sent legal orconstructNe obligation resulting from a pgst event.
It 15 more 5ikely than not that a transfer of bgnefits (usually a cash payment) ￿11 be
required in settlement
The amount of the obl￿atiOn can be rneasured or esb"mated reliabty.
Irreco¥8rable VAT 15 char9ed against the category of ￿SoUrceS expended for whth St
was in¢urred.
Grants are only made to related Drthird party NHS bodi8s and non NHS bodies In furth8ranc8 of
the charitable cbje¢tiYe$ 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 $upp¢Yt cc6ts
Support Costs are those costs wttich do not rdate lo a single actNty. Th•s• incI￿Je
staff costs, cost of adrninislra￿n, internal and extemal audit o)sts aThl IT support.
Support costs have been apporDoned bth*èn fundraising costs and charitabla athities
as a per¢entage Df expenditu￿ The 8naly$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 charrta￿e
objects of the tharrty. These costs include an 8PPOrtiOllTnEnt of $upport costs
costs. as shown in note 8. and ar¢ apportioned by average fund b￿ance charged to the
specffic funds.
Ihl Fixed ￿¥¢t In¥e8trnents
Investments a￿ slated al market value at th8 balan¢9 sheel date. The Charrty Author￿*1
Inve5tmnt Fund Units are includad in the balan￿ she8t at the dosing dealing pri¢e at
31 March 2021.
111 Roallsgd galns and I￿605
All gains and losses are taken lo the Ststem8nt of Financial Acti￿￿$ a$ W arlsè.
Re8lised gain$ and losses on in￿stMentS are cakulaied as the drfferenGe b2tween
sales pro￿e0$ 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 $ubstsn¢e wh￿h s￿ capable
of being sohl separately trom th8 r851 of tho ChariW$ business orbvhicb arise from rxjntractual
or olher1egal nghts. They are recognised only whew rt 18 probabk that future e￿nOMIC
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 operat￿n 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$e¢ as an
in¢arKJib￿ asset. Pur¢hased ccrfnputer sofNwdre licen￿8 ar8 capit81ised a$ 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$equently intars1b￿ assets are measured at
fair valu8.
orti¥ation
Iniangible assets are amortwd over their expeeied useful economic lfves in a manner
consistent with the consumption of 8conorDi¢ or Serv￿ de1Nery benerrts.
Asset Ca.tqLry
Software Licar
Us•ful Ltfè
Ikl Pooling Scheme
An offiri?I woling stheme is operateo for in¥estm?nts ￿l80'na to all Vmbrema SpEcval
Charty Funds.
The schem8 wa5 registered wlh the Ch8rty CrArmi8sion on 7 April 1998.
111 Cash Flow Stalwent
The Charty has prepa￿d the finanoal stst￿ents uTrJer FRS 102 and provided a 3tst8ment of ca$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$ (Def￿rtI
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 Ap￿￿1 intx)me
Lega￿88
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 inc￿088d svJnificantty in response to the pandernK and in 8UPPOrt of our pat*nts 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 apport￿rted usSng i1￿ aV&Tage balanc8 of each fund and 4re ¢hgrg8d to
eactt fund. Support Costs have been apPort￿n￿d betsw fundrabing costs and Charitab￿ actNities as a
percentage of eXpendrtU￿ as aMv¢.
7 Exp&ndltur8
Unrestricted Restr￿8￿
Funds
Funds
Total
2020121
Funds
Total
2019r20
Funds
£000
£000
£ocM)
£000
R818in9 Fund8
37
42
79
79
harMabl8 actlvlU88- 9X￿ndIture
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 ￿ndrais￿r 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 £16.0￿1,
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 rernun8rat￿n 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 Y￿9 no olh&r $taft¢osts as the Charty u5•5 the Servi￿ provided bythe NHS Foundats"on Trust stafl,
for the administratlon of thè charity (Note 6 Finan￿al Servtssl
11 Analysis of net movem•nt In fund8
Unrg$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 r8val￿ation
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
£0￿j
Investments incom8- Common IDve$trngnt Fund
-cash held as part Of"1￿ investsnent"kX)rtfolFo -
IntsrB8t from Bank Account
51
Unrestrtted
Fund5
Restdcted I￿20r21
Funds
Total
Fund$
£OCA)
2019120
T￿81
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 Cr￿ltorS
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
Can￿rAppe81
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 don3￿￿5 where kgol reStriCt￿n8 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 med￿al 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 Anal￿18 of totsl r•8ources •xp•nd•d
2020121
£wo
2019120
Des¢rfOlon
Chrr&tmas Exp8nditur¢- Patients
P3tEnls Furfiiturè
PatBnt IrfftirwnationlE¢jUcat￿n
PatEnls Mistsllaneous
Medical & Surgical Equipmgnt
Pat￿ntsAUdIo 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