2024-03-31-accounts - Raising Health

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

NHS Leicestershire Partnership NHS Trust Annual Report

RAISING HEALTH

ANNUAL REPORT

2023-2024

REGISTERED CHARITY (Number 1057361)

Contents
Foreword by the Chair (Corporate Trustee)	3
Administration Details	5
Who Are We	5
Our Vision	6
Our Aims	6
How we are Funded	6
Sources of Funds	6
What we spent Funds on	7
Structure, Governance and Management	9
Related Parties	11
Relationship with Wider Community	11
Financial Review	11
How we Manage Money	12
Grant Making Policy	12
Reserves Policy	12
Our Investments	12
Future Plans	13
A Formal Vote of Thanks	15
Supporting Us	15
Statement of Charity Responsibilities	16
Independent Examiners’ Report	17
Annual Accounts	19

Foreword by the Trust Chair (Corporate Trustee)

Welcome to our Raising Health Charity Annual Report for 2023-24. Leicestershire Partnership NHS Trust (‘LPT’) is the corporate trustee of our Raising Health Charity which has a clear mission:

“To support excellent care initiatives, equipment and innovations which go above and beyond core NHS provision to enhance the experience of our patients, service users and staff.”

We exist to provide resources and facilities to our patients, service users and staff across our many different services. We are here to make life better, by providing the extra things that the NHS isn’t obligated to provide, but which can make a big difference to patients, service users and staff. This year through donations, legacies, fundraising appeals and investments, we have raised a total of £649,000. Some of the projects that we have supported are:

For our patients:

Engagement on wards: including craft sessions, animal and music therapy, trips out and so much more.
A week-long sailing trip from Ipswich to Gosport for a group of adult patients with mental health illnesses.
New multi-gym equipment at the Bradgate Mental Health Unit
A memorial bench at the Hawthorn Centre, Coalville, in memory of a member of staff.
Gifts for patients on wards: including Christmas and Birthdays.
Decorations, food and craft to mark cultural festivities and celebrations

For our staff:

Team Time Out Days – vouchers for each team to take time for team building, health and wellbeing.
Fitness app
Staff engagement events

Your donations make this work possible, and your future donations are key to our continued success. I hope that like me, you will be inspired by our projects to help enhance the care provided by Leicestershire Partnership NHS Trust and want to be a part of our story. If you would like to read more about our current appeals or donate you can do so at www.raisinghealth.org.uk . Please support us, every pound counts. Thank you.

Name: Crishni Waring, Chair of Leicestershire Partnership NHS Trust (Corporate Trustee)

Date: 18[th] December 2024

Administrative Details

Name of Charity	Raising Health
Registered Charity No	1057361
Address of Charity	Raising Health
	Leicestershire Partnership NHS Trust
	Room 100/110 Pen Lloyd Building
	County Hall
	Leicester Road
	Glenfield
	Leicestershire
	LE3 8RA
Bankers	The National Westminster Bank Plc
	Leicester Hinckley Road Branch
	7 Hinckley Road
	Leicester LE3 0TQ
Investment Managers	Cazenove Capital & Schroders Wealth
	1 London Wall Place
	London
	EC2Y 5AU
External Examiner	360 Assurance Internal Audit Services
	Room 109
	Gwendolen House
	Gwendolen Road
	Leicester
	LE5 4QF

Who We Are

LPT’s registered charity ‘Raising Health’ (registered number 1057361) exists to raise funds and receive donations for the benefit of the patients, service users and staff of Leicestershire Partnership NHS Trust (LPT). LPT provides physical and mental health care to people of all ages in their own homes, in community settings, and in our inpatient units and hospitals.

Donations received by Raising Health can fund equipment, projects and innovations which go above and beyond NHS core provision to make a real difference to the people cared for by LPT in Leicester, Leicestershire and Rutland, and the staff who look after them.

We would like you to support us in our crucial work so please read on and let us tell you more about ourselves, what we do, what we have achieved and how we go about spending the money given to us.

Our Vision

Through fundraising and careful management of our existing funds, Raising Health is able to make grants to LPT’s services in order:

“To support excellent care initiatives, equipment and innovations which go above and beyond core NHS provision to enhance the experience of our patients, service users and staff.”

Grants are made in accordance with charity legislation, our constitution and the wishes and directions of donors. During the year the charity spent £386,000, comprising of grants totalling £301,000 (made up of £257,000 direct grants and £44,000 grant support costs) and fundraising costs of £85,000. A further £385,000 was committed as at 31[st] March 2024.

Our Aims

Our key aim is to serve the NHS patients and service users of LPT for the public benefit. We put this aim into practice by helping patients, service users, their families and carers by:

Enhancing the care LPT services can offer through the purchase of new equipment and physical environmental improvements, to deliver better care facilities
Funding innovations in practice and therapeutic activities which enhance the care given to our patients and service users
Funding medical research to understand better the diseases affecting our population today so that we can develop the treatments and therapies of tomorrow
Improving staff facilities, services that promote staff well-being, and education of staff over and above what would normally be provided by the NHS.

How we are funded

The following figures are taken from the full accounts (included at the back of this report). An independent examination of the accounts has been undertaken by the Trust’s internal auditors. The full accounts, titled Raising Health Charity Accounts 2023-24, have also been lodged with the Charity Commission. This section of the Trustees’ annual report comments on key features of those accounts. In this section we firstly explain how we raised the money and then how we spent it.

Sources of Funds

Raising Health Charitable Funds can only continue to support the work of Leicestershire Partnership NHS Trust for as long as we receive money to do so. Almost all of our income comes from the voluntary efforts of both our staff and the general public. This year we have received a significant donation from Carlton Hayes Charity (£55,000). We also received legacies of £391,000. Overall we ended the year having received £563,000, which is an increase of £308,000 (121%) compared to the previous year’s income of £255,000.

Breakdown of our income

----- Start of picture text -----
Voluntary Income Received - £563,000
----- End of picture text -----

What we spent our Funds on

All of our funds are spent through grants to Leicestershire Partnership NHS Trust. The graph below highlights the main areas of spends.

Expenditure - £386,000

Raising Funds
We spent a total of £85,000 (2022-23: £87,000) on raising funds. This largely relates to spend on our fundraising team and investment management fees. The reduction from last year is due to a part-year vacancy in our fundraising team. We continuously monitor and benchmark the costs of running the charity and reduce them where we can.
Patient Wellbeing and Amenities
Patients’ wellbeing grants totalled £157,000 (2022-23: £144,000) and included therapy animal visits, musical and pottery workshops; PIER team hiking trip activities and sailing trip; weighted blankets; veterans swimming with dogs; furniture, furnishings and gardening improvements to enhance the patient and staff environment; cultural celebrations; and the Bradgate Therapy garden .
Staff Education, Training and Development
Staff education, training and development spending of £10,000 (2022-23: £17,000) mainly supported research projects, breast feeding supporter training and Tai Chi training for Occupational Therapists.
Staff Wellbeing and Amenities
Staff wellbeing grants totalled £129,000 (2022-23: £145,000) which enabled support to be provided to Trust employees. This included the ‘Team Time Out’ staff voucher scheme; and staffroom upgrades. As in previous years, the costs of lottery prizes for staff are also included.
Other Costs

Other grants totalled £5,000 (2022-23: £1,000).

Structure, Governance and Management of Our Funds

The Charity was created by Trust Deed on the 10[th] of July 1996. Since that date it has been renamed and adapted to align with structural changes within the NHS and legislative changes governing NHS charities.

The charity is established for charitable purposes relating to the NHS. Its trustee arrangements have been established by the Secretary of State for Health and Social Care/Welsh Ministers under NHS legislation, and the individuals responsible for ensuring that trustee duties are fulfilled are appointed by the NHS.

During 2016-17, to increase the profile of the charity and to generate more funds, the Charity changed its name to Raising Health.

Corporate Trustee

LPT is the corporate trustee of our Raising Health Charity funds. The oversight of these funds has been delegated by our Trust Board to the Charitable Funds Committee which has responsibility for ensuring that funds are for the direct benefit of our staff, patients and service users from across Leicester, Leicestershire and Rutland (LLR).

Corporate Trustee details, including the full list of Board members, can be found in LPT’s 2023/24 Annual Report on the Trust’s website.

Charitable Funds Committee

As the corporate trustee of the Charity, LPT has nominated appropriate representation from the Board to act on its behalf on the Charitable Funds Committee. The Committee is a formal subcommittee of the Board and has a remit for reviewing the performance of the external investment managers and monitors the consistency of the investment of funds with its policy on ethical investment, for example by avoiding investments in industries detrimental to the objective of improving health and healthcare. The Committee approves the appointment and terms of the investment managers and approves items of expenditure which exceed the delegated limits of Fund Managers.

The membership of Raising Health Charitable Funds Committee as at 31[st] March 2024 was as follows:

Members

Cathy Ellis, Chair (until August 2023) *
Crishni Waring, Chair (September 2023 until December 2023) *
Faisal Hussain, Non-Executive Director & Chair (from December 2023) *
Sharon Murphy, Director of Finance & Performance
David Williams, Director of Strategy & Partnerships
Carolyn Pascoe, Fundraising Manager
Amy Crayfourd, Assistant Finance Manager (until September 2023)
Lorraine Newstead, Assistant Finance Manager (from September 2023)

Attendees

Jackie Moore, Financial Controller
Kamy Basra, Associate Director of Communications & Culture
Kate Dyer, Acting Director of Governance (from December 2023) *
Crishni Waring replaced Cathy Ellis as Chair of the Charitable Funds Committee in September 2023. Faisal Hussain took over the position of Committee Chair from December 2023. Kate Dyer became an attendee of the Committee from December 2023.

The terms of reference for the Committee, including remit and membership, is reviewed annually alongside a review of Committee effectiveness. The Committee provides a highlight report for Trust Board following each meeting, to give a level of assurance over key items received.

Fund Management

The Charity holds designated (earmarked) funds relating to particular wards and departments. We manage spending through local fund managers who are allocated part of or the total fund to spend in accordance with agreed authorisation limits. Fund managers for each of the designated funds manage these funds on a day-to-day basis within the standing financial instructions and standing orders, and powers of delegated authority, set by the Corporate Trustee. The Committee oversees the work of the fund managers and has the power to revoke a fund manager’s remit or, subject to any specific donor restriction, direct the use to which funds are put.

The Director of Finance & Performance is responsible for the day-to-day management and control of the administration of the charitable funds. The Director of Finance & Performance has responsibility to ensure that the spending is in accordance with the objectives and priorities agreed by the Charitable Funds Committee and the Board; that the criteria for spending charitable monies are fully met; that full accounting records are maintained; and that devolved decision making or delegated arrangements are in accordance with the policies and procedures set out by the Board.

Public Benefit

All charities must demonstrate how funds are used for the public benefit. We use our funds to purchase equipment, enhance patient and staff well-being and support staff development. All of these activities directly or indirectly benefit members of the public, and the fund expenditure falls within its charitable purposes.

When considering where to focus our attention, our corporate trustee’s board, and particularly the members of the charitable funds committee, have regard to the Charity Commission for England and Wales’s guidance on public benefit and what this means for Raising Health.

Risk Management

Any major risks that we are exposed to have been identified and considered by the Committee and systems have been established to mitigate these risks. The Charitable Funds Risk Register is reviewed at the start and close of each Charitable Funds Committee meeting. Controls and actions are in place to manage all identified risks.

We have appointed specialist investment managers who are responsible for generating a return on our capital investments. We have instructed them to invest in relatively low risk items for a moderate return. While there is still the potential for losses on our investment, this is greatly mitigated by the types of funds our investments are exposed to. The investments are held as long-term investments and the experience of our investment managers helps to reduce the risk of losses in the long term.

Related Parties

Raising Health works closely with, and provides the entirety of its grants to Leicestershire Partnership NHS Trust. Although Committee members are careful to consult with representatives of LPT’s services through their committee meetings and other, less formal contacts, they retain their independence to act in the best interests of Raising Health to further its charitable objects.

Our Relationship with the Wider Community

Our ability to continue vital support for Leicestershire Partnership NHS Trust is dependent on our ability to maintain and increase donations from the general public and corporate partners. We continue to forge strong relationships with members of LPT staff, without whose co-operation the ability to make an effective contribution would be much diminished. Close links are maintained with individual community hospital Leagues of Friends and associated voluntary organisations. We work closely with the Carlton Hayes Charity. This is an established local Charity that makes grant to support mental health service users in Leicester, Leicestershire and Rutland. We are also working towards building stronger links with corporate partners. We are pleased to work with these organisations and value their support.

Financial Review

We utilise both our existing funds and income raised during the year to support our grant costs. During the year our overall fund value increased by £361,000. This movement comprised of income received of £649,000 offset by expenditure of £386,000. In addition, there was an unrealised investment gain of £98,000. The closing fund value was £2,602,000, as shown in the Financial Position table. Prior year balances are shown for comparison purposes:

We are indebted to the generosity of patients, their families and carers, well-wishers, staff and friends who have all donated so generously to the work of the Charity.

How we Manage Money

Grant Making Policy

Raising Health fulfils its charitable objectives through making grants to services within Leicestershire Partnership NHS Trust.

With the exception of two restricted funds (with a combined fund value of £25,000), all of our funds are unrestricted. Unrestricted Funds are sub-analysed between Designated Funds, where the Charity has set aside amounts to be used for specific purposes often reflecting the non-binding wishes of the donors, and Unrestricted Funds, which are applicable for any purpose at the Trustees’ discretion.

Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified either as an endowment fund; where the donor has expressly provided that only the income of the fund may be spent on charitable activities, or as a restricted income fund; where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose.

Endowment funds, where the capital is held to generate income for charitable purposes, are subanalysed between those where the Charity has the discretion to spend the capital, known as an expendable endowment, and those where there is no discretion to expend the capital, known as a permanent endowment. We currently have no endowment funds.

This year we made grants of £301,000 (excluding any fundraising costs) representing 78% of total charitable expenditure (in 2022-23 we awarded grants of £307,000 or 78% of charitable expenditure). In making grants, the Committee requires that the activity falls within the objects of the Charity, that the grant request is supported by Leicestershire Partnership NHS Trust, and that the funds are available to meet the request. Where funds are under the day-to-day management of a fund holder, the fund holder may incur approved expenditure, subject to the authorised expenditure limits, provided the expenditure falls within the objects of the fund. Expenditure should also be a reasonable charge to charitable funds and be in furtherance of the objects of the Charity.

Reserves Policy

Reserves are part of the charity's income fund that is freely available to spend e.g. unrestricted funds. They do not form part of the unrestricted funds that are classed as designated (i.e. funds that reflect non-binding donor preferences), or the restricted funds.

The charity is developing a formal reserves policy which will be implemented in 2024/25 & will set out the charity’s approach to manging its funds.

Our Investments

The Charity has invested the majority of funds with the objective of maximising return while being exposed to only low levels of risk. The Charity does not have an active input into the structure of the investments, leaving this to our professional fund managers. However, we have specified that funds

must not be invested in companies that have more than 10% of their turnover from: Alcohol Manufacture, Armaments, Gambling, Pornography and Tobacco.

The Trustees view investments into these areas listed above as being contradictory to the aims of Leicestershire Partnership NHS Trust. Our investment manager Cazenove Capital & Schroders Wealth provides quarterly reports to the Committee, which monitors their performance.

Going forward, to maximise investment gains on the charity’s working capital, we will consider investing surplus cash in a separate savings account, attracting higher interest rate returns than the current bank account’s rate.

Fundraising Activities & Future Plans

To align with our mission, we continuously track progress and set objectives across the four strategic pillars of the Raising Health strategy:

VISIBILITY : Increase the charity brand awareness and profile to all relevant audiences
INCOME: Increase the level of donations to the charity using the appropriate fundraising mix
GRANTS: Invest in initiatives that support the vision of the charity
PARTNERSHIPS: Develop partnerships which increase the reach and impact of the charity

VISIBILITY:

Our efforts will span a wide range of internal and external initiatives. Internally, we will focus on engaging staff through activities such as Roadshows, enhanced Staff Lottery campaigns (including hosting Superdraws across Trust premises) and delivering additional training and resources for colleagues.

Externally, we will expand our efforts by producing comprehensive promotional materials, including a Case for Support and an Impact Report. We will also leverage social media more effectively to reach wider audiences and increase engagement.

INCOME: Fundraising mix

Our fundraising strategy encompasses diverse streams, including community and individual giving, corporate donations and partnerships, trust and foundation grants, the staff lottery, inmemory giving, legacies, and collection tins. While every donation, regardless of size, is deeply valued, we will also prioritise activities with the highest return on investment, ensuring that resources are allocated effectively to maximise impact.

Key Fundraising Appeals for 2024-2025

The charity will support several high-priority fundraising appeals aimed at benefiting service users, including:

Let’s Get Gardening Appeal: Supporting the therapy garden at the Bradgate Mental Health Unit.
Sensory Room Appeal: Creating a sensory room at the Beacon Mental Health Ward for young people.
Raise a Smile for Christmas: Our annual festive appeal.
Flagship Appeals: As agreed and prioritised in collaboration with the Trust Board.
Gifts-in-Kind Initiatives: Providing essential resources and support.

Further details about these appeals can be found on our website: www.raisinghealth.org.uk/appeals/appeals.

GRANTS: Grants and Service Support Initiatives

In partnership with LPT services, we will deliver impactful initiatives through grant-giving activities, including:

Indoor and outdoor gyms.
Wellbeing programs for staff.
Celebrating the 25th Anniversary of the Diana Service.
Distributing self-care bags for individuals with learning disabilities and autism.
Organizing days out, as well as music and art therapy sessions, for patients in our care.

PARTNERSHIPS: Partnership development

We aim to establish Raising Health as a trusted partner within the local business community, making us the charity of choice for corporate support. This includes collaborative efforts across the Trust as well as sponsorship opportunities tied to events such as the Long Service Awards and the Celebrating Excellence Awards.

A Formal Vote of Thanks

The Corporate Trustee would like to thank all patients, relatives and staff who have given legacies and made charitable donations to Raising Health this year. These donations have enriched the care provided by LPT and improved the working lives of LPT staff. Special thanks to our fundraisers who do so much to encourage others to support our appeals and the work of LPT.

Having read all about us, please consider supporting the work of Raising Health

The challenge facing Raising Health in the future is to maintain and grow support so we can continue to make a difference to local people being cared for by Leicestershire Partnership NHS Trust.

What could your donation buy?

£1	could buy	Play therapy art materials for terminally ill children
£10	could buy	A reminiscent CD or DVD for our dementia patients
£30	could buy	A Play Station game for our adult mental health wards
£100	could send	Arts materials for a ward
£1,000	could buy	Sensory equipment for patients
£5,000	could adapt	A vehicle for patient transport
£10,000	could refurbish	A non-clinical patient area, such as a patient gym
£30,000	could support	A researcher for a year

If you would like to make a donation or support any of our fundraising activities, please visit our website www.raisinghealth.org.uk

Signed:

Name: Faisal Hussain, Chair of Raising Health Charitable Funds Committee Date: 18th December 2024

Statement of Charity Responsibilities

Under the trust deed of the charity and charity law, the Corporate Trustee is responsible for providing the Committee with an Annual Report and associated financial statements in accordance with applicable law and regulations. The Corporate Trustee has elected to prepare the financial statements in accordance with UK Accounting Standards, including FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland.

The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the excess of expenditure over income for that period. In preparing these financial statements, generally accepted accounting practice entails that the trustees:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards and the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements;
State whether the financial statements comply with the trust deed [and rules], subject to any material departures disclosed and explained in the financial statements;] and
Assess the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and
Use the going concern basis of accounting unless they either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

The Corporate Trustee is required to act in accordance with the trust deed [and the rules] of the charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.

The Corporate Trustee is responsible for the maintenance and integrity of the financial and other information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

By Order of the Corporate Trustee

Signed:

Name: Crishni Waring, Chair of Leicestershire Partnership NHS Trust (Corporate Trustee) Date: 18[th] December 2024

Independent Examiners’ Report to the Corporate Trustee of the ‘Raising Health’ charity -Leicestershire Partnership NHS Trust (Charity Reference number 1057361)

I report on the financial statements of Leicestershire Partnership NHS Trust Charity ‘Raising Health’ (the Charity) for the year ended 31 March 2024, which are set out on pages 19 to 32.

Respective responsibilities of trustees and examiners

The Charity’s corporate trustee is responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). The Charity’s corporate trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.

Having satisfied myself that the Charity is not subject to audit and is eligible for independent examination, it is our responsibility to:

examine the accounts under section 145 of the Charities Act 2011
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011
to state whether particular matters have come to our attention.

Your attention is drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

This report has been prepared for and only for the corporate trustee as a body in accordance with section 145 of the Charities Act 2011 and the regulations made under section 154 of the Charities Act 2011 (Regulation 31 of The Charities (Accounts and Reports) Regulations 2008) and for no other purpose. I do not, in making this report, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Chartered Institute of Public Finance Accountants.

Basis of independent examiners’ report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts

present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

I ndependent examiners’ statement

In connection with our examination, no material matters have come to our attention which gives us cause to believe that, in any material respect:

the accounts were not kept in accordance with section 130 of the Charities Act 2011
the accounts did not accord with the accounting records
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

We have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signature:

Date: 13 January 2025

Glynis Onley ACMA, CPFA For and on behalf of 360 Assurance Stapleford Care Centre Church Street Stapleford Nottingham NG9 8DB

2023-24 Annual Accounts

Statement of Financial Activities for the year ended 31[st] March 2024

Balance Sheet as at 31[st] March 2024

The notes at pages 22 to 34 form part of these accounts

Signed:

Name: Crishni Waring, Chair of Leicestershire Partnership NHS Trust (Corporate Trustee)

Date: 18[th] December 2024

Statement of Cash Flows for the year ending 31[st] March 2024

Notes to the Accounts

1. Accounting Policies

a) Basis of Preparation

The financial statements have been prepared on a going concern basis, under the historic cost convention, with the exception of investments, which are included at market value.

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16th July 2014, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1st January 2015.

The Trustee considers that there are no material uncertainties about the Charities’ ability to continue as a going concern. As a grant making charity with few on-going commitments, the loss of income from reduced fundraising appeals will impact on any new grants that can be made in the short term rather than affecting the charity’s ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

b) Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 that a restatement of comparative items was needed. No restatements have been applied to these accounts.

c) Funds Structure

Endowment funds, where the capital is held to generate income for charitable purposes, are subanalysed between those where the Trustees have the discretion to spend the capital; expendable endowment, and those where there is no discretion to expend the capital; permanent endowment. The charity currently has no endowment funds.

Unrestricted Funds are sub analysed between Designated Funds, where the Trustees have set aside amounts to be used for specific purposes often reflecting the non-binding wishes of the donors, and Non-Designated Funds, which are applicable for any purpose at the Trustees discretion.

Balance of Funds as at 31[st] March 2024

----- Start of picture text -----
2023-24 2022-23
Analysis of Funds
£'000 £'000
Restricted 25 31
Unrestricted
Designated 2,060 1,763
Non - Designated 517 447
Unrestricted total 2,577 2,210
Total Funds 2,602 2,241
----- End of picture text -----

All funds have been categorised as unrestricted except for the Amanda Pickett Memorial Fund (fund number: 10001) with a value of £1,186, and the development grant from NHS Charities Together with a remaining value of £24,000 as at 31[st] March 2024. The latter funding is being used to fund a grant writer which will generate additional income for Raising Health through fundraising applications.

The following funds are those unrestricted designated funds that exceed £100k in value. They are classified as designated based on the conditions of the donation, i.e., to be used for staff and patients at specific locations or sites. The Charitable Funds Committee will be reviewing their planned use during 2024/25.

Fund	Fund Name	£000
68030	The Edward J Toon Rutland Fund	201
23055	Bradgate General Purposes	147
48001	Ashby/Coalville General Purposes	135
01039	Palliative Care Services	113
71001	Market Harborough General Purposes	418

d) Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.

e) Incoming Resources from Legacies

Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable; this will be once confirmation has been received from the representatives of the estate(s) that payment of the legacy will be made or property transferred, once all conditions attached to the legacy have been fulfilled, and if there are sufficient assets remaining once all liabilities have been settled, and when it is probable that the amount of incoming resources is known.

Any material legacies, including those that have been notified but not recognised as incoming resources in the Statement of Financial Activities are disclosed in the contingent assets note (note 13) with an estimate of the amount receivable.

f) Incoming Resources from Endowment Funds

The charity currently has no endowment funds.

g) Resources Expended and Irrecoverable VAT

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met:

There is a present legal or constructive obligation resulting from a past event
It is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement
The amount of the obligation can be measured or estimated reliably

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

h) Recognition of expenditure and associated liabilities as a result of grant

Grants payable are payments made to linked, related party or third-party NHS bodies and nonNHS bodies, in furtherance of the charitable objectives of the funds held on trust, primarily relief of those who are sick. Grant payments are recognised as expenditure when the conditions for their payment have been met or where there is a constructive obligation to make a payment. A constructive obligation arises when:

We have communicated our intention to award a grant to a recipient who then has a reasonable expectation that they will receive a grant
We have made a public announcement about a commitment which is specific enough for the recipient to have a reasonable expectation that they will receive a grant
There is an established pattern of practice which indicates to the recipient that we will honour our commitment.

The Trustees have control over the amount and timing of grant payments and consequently where approval has been given by the Trustees and any of the above criteria have been met then a liability is recognised. Grants are not usually awarded with conditions attached. However, when they are then those conditions have to be met before the liability is recognised.

i) Allocation of Overhead and Support Costs

Overheads and support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration, internal audit costs and IT support. Support costs have been apportioned between fundraising costs and charitable activities on an appropriate basis. The analysis of support costs and the bases of apportionment applied are shown in note 4. The charity regularly benchmarks its costs against similar charities.

j) Fundraising Costs

The costs of generating funds are those costs attributable to generating income for the charity, other than those costs incurred in undertaking charitable activities or the costs incurred in undertaking trading activities in furtherance of the charity’s objects. The costs of generating funds represent staff costs, fundraising costs and investment management fees.

k) Charitable Activities

Costs of charitable activities comprise of all costs incurred in the pursuit of the charitable objects of the charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs. The total costs of each category of charitable expenditure therefore include support costs and an apportionment of overheads, as shown in note 4.

l) Fixed Asset Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

The Trust does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

m) Debtors

Debtors are amounts owed to the Charity. They are measured on the basis of their recoverable amount. Information on the Charity’s debtors can be found in note 11.

n) 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 90-day notice interest bearing savings accounts. These are shown in note 14.

o) Creditors

Creditors are amounts owed by the charity. They are measured at the amount the charity expects to have to pay to settle the debt. The Charity’s current liabilities are shown in note 15. Amounts which are owed in more than a year are shown as long-term creditors.

p) Realised Gains and Losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and market value at the beginning of the quarter the disposal takes place (or purchase date, if later). Unrealised gains and losses are calculated as the difference between the carrying value at the

year end and opening market value (or purchase date if later). Investment gains and losses are detailed in note 3.3.

q) Pensions

The Charity does not directly employ any staff and therefore does not have any salary or pension costs. The staffing costs included in the charity’s support costs and overheads, are recharged from the Corporate Trustee, Leicestershire Partnership NHS Trust.

r) Critical Accounting Judgements

The Charity has made no critical accounting judgements in the reported financial period.

2. Related Party Transactions

The charity has made revenue and capital payments grants to Leicestershire Partnership NHS Trust to the value of £386,000 as detailed in note 5. Other than these payments, there have been no transactions between the charity and the Trust.

Board members of the Corporate Trustee and members of the Charitable Funds Committee ensure that the business of the charity is dealt with separately from that associated with exchequer funds for which they are also responsible. Declarations of personal interest are made, where appropriate, and those declarations pertaining to the funds held on trust are available for public inspection by application through the relevant Trusts.

The Trust did not pay expenses to any member of the Board or Charitable Funds Committee, and members did not receive any honoraria or emoluments from charitable funds in the year.

3. Income

3.1. Voluntary income

----- Start of picture text -----
2023-24 2022-23
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
£'000 £'000
£'000 £'000
Voluntary Income
Donations 15 0 15 66
Legacies 391 0 391 8
Other Carlton Hayes 56 0 56
Fundraising appeals 18 0 18 109
Staff lottery 83 0 83 72
Total 563 0 563 255
----- End of picture text -----

3.2. Income from Investments and Dividends

3.3. Realised & Unrealised Investment Gains – Losses

4. Analysis and allocation of Support Costs and Costs of Raising Funds

Support and overhead costs are allocated between fundraising activities and charitable activities. Governance costs are those support costs which relate to the strategic and day to day management of a charity.

The bases of allocation used are as follows:

Time: based on the time spent on a specific task by staff
Direct allocation: where a cost is wholly attributable to a particular activity
Expenditure: this is a proportion based spend on a particular activity

Costs of raising funds are those expenses concerned with the charities ability to generate new funds.

4.1 Support Costs and Costs of Raising Funds

----- Start of picture text -----
2023-24 2022-23
Raising Support Raising Support
Funds Costs Total Funds Costs Total
£'000 £'000 £'000 £'000 £'000 £'000
Governance Costs
Internal Audit Fees 4 3 7 3 3 6
Finance Staff 1 3 4 1 3 4
Overheads
Investment Management 4 0 4 5 0 5
System license & Support 1 3 4 1 2 3
Finance Staff Costs 3 35 38 3 34 37
Fundraising Staff Costs 68 0 68 68 0 68
Fundraising (inc Marketing) 4 0 4 6 0 6
Total 85 44 129 87 42 129
----- End of picture text -----

4.2 Allocation to Charitable Activities

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2023-24 2022-23
£'000 £'000 £'000 £'000
Raising Funds 79 6 85 87
Support Costs 44 0 44 42
Total 123 6 129 129
----- End of picture text -----

Allocation of cost is made on the basis of activity for each fund. £2,000 was allocated to restricted funds in the previous financial year.

5. Analysis of Charitable Expenditure

The charity did not undertake any direct charitable activities on its own account during the year. All of the charitable expenditure was in the form of grant funding.

In 2023-24 all grants were made to Leicestershire Partnership NHS Trust. The Corporate Trustee operates a scheme of delegation, through which all grant funded activity is managed by fund managers responsible for the day-to-day disbursements on their projects, in accordance with directions set out by the Trust’s standing orders and financial instructions. The charity does not make grants to individuals. The total cost of making grants is disclosed on the face of the Statement of Financial Activities and the actual disbursement for each category of charitable activity is disclosed in note 5.

Expenditure commitments of £385,000 as at 31[st] March 2024 have not been recognised as a liability or provision. These commitments mainly relate to next year’s fundraising, governance and support running costs, outdoor spaces and garden projects, staff enrichment, medical

equipment and Research and Development projects. Expenditure linked to these commitments will be incurred in 2024-25. There are no performance related conditions attached and all commitments are funded from donations, legacies or investment gains already recognised in the accounts.

Charitable Activities

6. Charity Remuneration, benefits and expenses

Members of the Charity committee give their time freely and receive no remuneration from the Charity for the work that they undertake

7. Analysis of staff costs and remuneration of key management personnel

Salaries Social Security Costs Employers Pension Contributions	2023-24 £'000 97 10 14
Total	121

The average number of full-time equivalent employees during the year was 2.52 (2022-23: 2.77) with all employees involved in providing support services to charitable activities or the governance of the charity. The Charity considers its key management personnel to be the Charitable Funds Finance Manager and the Fundraising Manager. The total employment benefits including employer pension contributions of the key management personnel was £121,000 (2022-23: £122,000). The reduction in annual cost relates to reduced fundraising administrative support during the year. No employees received employee benefits (excluding employer pension costs) of more than £60,000.

8. Role of Volunteers

As with most charities we rely on a group of committed volunteers to ensure we continue to meet our objectives. Our volunteers perform two main roles for the charity:

Fund Managers – these are members of LPT staff who manage and monitor spend against the charity’s designated funds. Each fund manager has delegated powers to spend against the designated funds which they manage. The managers determine what each fund can be spent on and allow fund holders to spend up to a limit of £500 without additional approval from members of the Committee who hold increased authorisation limits.
Fundraisers – the charity has an ever-increasing number of fundraisers who freely give their time to raise funds for their chosen cause.

In accordance with the SORP, due to the absence of any reliable measurement basis, the contribution of these volunteers is not recognised in the accounts.

9. Auditors Remuneration

The accounts examination fee, undertaken by Internal Audit was £2,888 (2022-23: £2,888).

10. Fixed Asset Investments

----- Start of picture text -----
2023-24 2022-23
£'000 £'000
Market value brought forward 1,881 2,005
Add: additions to investments at cost 0 0
Less: disposals at carrying value 0 0
Add net gain (loss) on revaluation 98 (124)
Market value as at 31 March 2024 1,979 1,881
----- End of picture text -----

The following individual shareholdings or investments are considered individually to be material with the market values and proportion of the portfolio shown as at 31[st] March 2024:

	2023-24 £'000		2022-23 £'000
Equities Bonds Multi-Asset Funds Alternatives Cash	1,388 230 0 266 95		1,225 235 0 281 140
Market value as at 31 March 2024	1,979		1,881

11. Analysis of Current Debtors

The charity did not have any debtors in either 2023-24 or 2022-23.

12. Analysis of Current Assets: Short Term Investments and Deposits

The charity did not hold any short term investments and deposits in either 2023-24 or 2022-23.

13. Analysis of Contingent Assets

The charity has no contingent assets for 2023-24.

14. Analysis of Cash and Cash Equivalents

Relates to cash held in the Charity’s current bank account and represents funds held to facilitate cash flow and the fulfilment of obligations to make grant payments.

15. Analysis of Current Liabilities

Creditors under 1 year Accruals	2023-24 £'000 9
Total	9

The accruals of £9,000 represent the sum owed by the charity at the end of the year to a related party – Leicestershire Partnership NHS Trust, for costs incurred by the Trust on behalf of the charity for the furtherance of its aims and objectives.

16. Provisions for Liabilities and Charges

There were no provisions made in the current or previous year and all the grants payable have been paid or accrued.

17. Legacies

Two legacies are included in this year’s accounts totalling £391,000, including the receipt of £383,000 for St Lukes Hospital. Both legacies have been classed as unrestricted.

18. Reconciliation of Net Income - (Expenditure) to Net Cash Flow from Operating Activities

19. Transfers between Funds

During the period there was an exercise to tidy up the Community Services funds, which resulted in transfers between fund localities, as shown in Table 20.

20. Analysis of Charitable Funds

21. Connected Organisation

The Charity’s Corporate Trustee is Leicestershire Partnership NHS Trust, which had the following results in the year under review and preceding year:

----- Start of picture text -----
2023-24 2023-24 2022-23 2022-23
Operating * Surplus/ Operating * Surplus/
Expenditure (Deficit) Expenditure (Deficit)
£'000 £'000 £'000 £'000
Leicestershire Partnership NHS Trust 452,205 8 392,712 (2,860)
Total 452,205 8 392,712 (2,860)
----- End of picture text -----

This is the adjusted surplus/(deficit), excluding impairments and other technical adjustments

22. Events after the Reporting Period

The draft accounts were issued for review on the 20[th] of November 2024. Between this date and the 18[th ] of December 2024 there were no events after the reporting period.

www.raisinghealth.org Leicestershire Partnership NHS Trust, Raising Health, Room 100/110 Pen Lloyd Building, County Hall, Glenf ield, LeicesterLE3 8RA Raising Health is a registered charity within England and Wales, Charity No. 1057361 LPT.RaisingHealth@nhs.net 0116 295 0889