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2022-03-31-accounts

GEORGE ELIOT HOSPITAL NHS TRUST CHARITABLE FUND AND OTHER RELATED CHARITIES

ANNUAL REPORT AND FINANCIAL STATEMENTS

2021-22

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

INDEX

Annual Report AR Page 1-AR Page 7
Independent examiner's report to the trustees of George Eliot NHS IER Page 1
Trust Charitable Fund and Other Related Charities
Statement of Financial Activities for the year Page 1
Balance Sheet Page 2
Notes to the accounts Pages 3-11

GEORGE ELIOT HOSPITAL NHS TRUST

CHARITABLE FUND AND OTHER RELATED CHARITIES

ANNUAL REPORT YEAR ENDING 31 MARCH 2022

INTRODUCTION

Charity Registration and Organisation

The George Eliot Hospital NHS Trust Charitable Fund and Other Related Charities “The Charity” was registered with the Charity Commissioners on 15 August 1996. The Charity number is 1057607. The Charity was constituted by deed, which sets out the objects of the Charity and the powers of the Trustees. The name was changed from the George Eliot Umbrella Charity in January 2004.

The related charities are:

The Charities are treated as a single Charity for the purposes of registration and accounting. Charity Commissioners approved that investments and monies belonging to the Charity may be pooled into a single fund and these are held in a charitable funds deposit account.

The Charity exists to raise funds and receive donations for the benefit of the patients at George Eliot Hospital NHS Trust. By securing donations, legacies and sponsorship, the Charity can help to make a real difference to the patients, their families and the staff who look after them.

The address of the Charity is:

George Eliot Hospital NHS Trust College Street Nuneaton Warwickshire CV10 7DJ

The objects of the George Eliot Hospital NHS Trust Charitable Fund and Other Related Charities are:

“For any charitable purpose or purposes relating to the National Health Service, wholly or mainly for the service provided by the George Eliot Hospital NHS Trust”.

The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities and setting the grant making policy for the year.

Organisational Structure

The Trustees of the Charity are the Directors and Non-Executive Directors of the George Eliot Hospital NHS Trust (see appendix B). The George Eliot Hospital NHS Trust is the Corporate Trustee of the funds held on trust under paragraph 16c of schedule 2 of the NHS and Community Care Act 1990. The Trustees (the George Eliot Hospital Board of Directors) meet regularly during the year to conduct the business of the Charity.

The George Eliot Hospital NHS Trust fully supports the training and development of all staff including Directors. The recruitment and apppointment of directors is the responsibility of George Eliot Hospital NHS Trust. Trustees are provided with training and with access to the Charity Commission guidelines published through the Charity Commission’s website.

The Trustees of the Charity are not individual Trustees of the Charity but are appointed as members of the George Eliot Hospital NHS Trust, the Corporate Trustee.

AR Page 1

ACTIVITIES AND ACHIEVEMENTS

Grants are made in accordance with Charity law, the Charity’s constitution and the wishes and direction of donors. In making grants, the Charity endeavours to reflect the wishes of patients and staff by directing funds towards areas where they are most in need.

In 2021/22, donations came from many different sources, including NHS Charities Together, members of the community, patients, carers and local organisations. Support for the Charity has remained strong throughout the pandemic, although fund raising activity has been restricted and some planned fund raising events have been deferred.

The total amount donated was £173,000. This included funding from the Diamond Legacy of £25,000 for the benifit of the Special Care Baby Unit and funding from the John Asbury Legacy of £46,843 to support staff, volunteers and patients wellbeing. In addition, £44,708 was received in grants and donations for the Serenity Garden project. The grants and donations received in the prior year amounted to £305,000 which included a large grant of £149,500 from NHS Charities Together. Expenditure from the fund, from total resources, was £216,000 which included £54,570 on medical equipment, £99,577 in relation to staff wellbeing and £38,141 on the Serenity Garden project. In addition, £8,000 was spent on fund raising costs.

The range of donations received varied from a few pounds to several thousand. The Trust is extremely grateful for donations of any size.

The charitable funds have been spent in a variety of ways throughout the year, some of these are described below:

Serenity Garden

The Serenity Garden project was a key focus during the year. The project has delivered a therapeutic open space in one of the George Eliot Hospital courtyards. The garden will offer people affected by stroke and dementia the opportunity to participate in a wide range of activities including pet, gardening, music and therapies as well as a beautiful open space away from the clinical areas.

The George Eliot Hospital Charitable funds contributed funding of £80,000 towards the Serenity Garden project. The project was successfully chosen as Nuneaton and Bedworth Mayor's Charity of the Year for 2020-21 and through grants, donations and fundraising, the construction of the Serenity Garden was completed in May 2021. The project has included installation of the Stroke Rehabilitation Area and new surfacing for the Dementia Therapy Area, retaining walls and wheelchair accessible flower beds with sensory plants. The garden is now open for use.

The Serenity Garden will also help prepare patients for discharge by increasing the patient’s confidence in becoming as independent as possible, recover mobility, progress their general health and mental well-being which will improve their quality of life outside the hospital.

AR Page 2

LOOKING FORWARD TO 2022-23

The Charity has created a new three year strategy which includes a core purpose, a vision and five measurable objective areas. To support the strategy there is also a detailed annual operating plan that includes specific and measurable plans.

The core purpose is "to provide additional funding to support George Eliot Hospital Trust in providing excellent care to our patients and provide funding to develop staff wellbeing, training and a great working environment".

The five core objectives are as follows:

Some of the key elements of the plan include the Charity rebranding to raise its profile internally and externally, redesigning its website to allow supporters to donate digitally in a more efficient way, launching several fundraising appeals, focussing on fundraising in the corporate community, taking greater advantage of the grants available to charities and focussing on staff advocacy.

Over the next three years, the Charity want to invest more in the areas where we can have a greater impact to fulfil our core purpose. We are planning a period of significant growth in income which is driven by the growing needs and ambition of the Trust. Every member of staff, across all of our hospital, strives to deliver the best patient experience and relies on their charity to fund things over and above what the NHS can pay for.

FINANCIAL REPORT

The Charity’s income was £174,000 (2020-21: £305,000) including £173,000 from donations and legacies (2020-21: £304,000).

The Charity received £1,000 interest in 2021-22 (2020-21: £1,000). During the prior year the Charity placed surplus funds in a number of safe charitable deposit accounts to maximise income whilst ensuring there was no financial risk to the capital.

The Charity made grants payable of £216,000 (2020-21: £296,000). The Charity’s policy is to make grants to the George Eliot Hospital NHS Trust for the benefit of staff wellbeing and patients in accordance with the objects of the Charity. Charitable funds expenditure is managed through a formal approval process which confirms:

In 2021-22 the cost of generating funds was £8,000 (2020-21: £29,000).

Overall, there was a £50,000 net decrease in funds (2020-21: net decrease of £20,000). The reserve strategy is to utilise donations as soon as practicable to the benefit of patients and staff in the hospital.

Table 1: Financial activities for theyear end 31 March 2022
ACTIVITIES 2021-22 TOTAL FUNDS
£		 2020-21 TOTAL FUNDS
£
Income from donations and legacies 173,000 304,000
Investment income 1,000 1,000
Other incomingresources 0 0
TOTAL INCOME 174,000 305,000
Cost ofgeneratingfunds 8,000 29,000
Charitable Activities 216,000 296,000
TOTAL EXPENDITURE 224,000 325,000

AR Page 3

Table 2: Balance sheet as at 31 March 2022

Table 2: Balance sheet as at 31 March 2022 Table 2: Balance sheet as at 31 March 2022 Table 2: Balance sheet as at 31 March 2022
TOTAL AT 31 MARCH 2022
£		 TOTAL AT 31 MARCH 2021
£
FIXED ASSETS:Investments 0 0
Current asset:
Short term investments and deposits
Debtors
Cash at bank and in hand
Creditors amounts due within one
year		 170,000
0
406,000
(56,000)		 147,000
3,000
520,000
(100,000)
NET ASSETS 520,000 570,000
Funds of the Charity:
Income funds – restricted
Unrestricted		 40,000
480,000		 116,000
454,000
TOTAL FUNDS 520,000 570,000

At 31st March 2022, the Charity had net assets of £520,000. This was represented by £170,000 in short term investments and deposits, £406,000 in cash and cash deposits, and £56,000 owed to creditors.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Trust Deed, the Charities Act 2011 and 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) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The Trustees have opted for an independent examination of the accounts since 2006-07 rather than a full audit in compliance with Charity Commission guidance (CC63) and the Charities Act 2011 (Part 8).

The Independent Examiner appointed by the Charity is:

Deloitte LLP Four Brindleyplace Birmingham, B1 2HZ

Prior period adjustment: NHS Charities Together funding is provided with grant conditions and should therefore be treated as a Restricted Fund. The NHS Charities Together fund was incorrectly categorised as an Unrestricted Fund in the prior year and this has been corrected. The impact is presentational.

RESERVES POLICY

The reasons for holding reserves within the Charity include:

In order to manage reserves the Trustees have approved a reserve strategy as follows:

“to closely monitor all funds, in particular any slow moving funds, and to take management action to ensure income is applied for its purpose within a reasonable period of receipt”.

AR Page 4

The Trustees review the level of fund balances at the quarterly Charity Trustee meetings. There is no specific target for reserves because this depends on the level of income and expenditure plans. The Trustees actively monitor the level of funds’ balances by:

During the year the Trustees continued to monitor slow moving fund balances.

INVESTMENT POLICY

The Charity deposits funds which are not required for immediate use in charitable funds deposit accounts which offer the best rates of interest.

Responsibilities

The Charity Trustees are responsible for the routine management of charitable funds and the implementation and monitoring of this investment strategy.

Cash management

Donated monies are currently held in a current account (charitable funds account) and charitable fund deposit account(s).

The Trust requires a minimum of £5,000 in the current account with any surplus cash being invested in deposit accounts. This is not a SORP requirement.

The bankers appointed by the Charity are: Local banking Lloyds TSB Bank plc Public and Commercial Sector 125 Colmore Row Birmingham B3 2DS

Appointment of Investment Advisors

The Charity has previosuly appointed CCLA Investment Management Ltd to hold the charitable deposit account.

CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ

Funds have been placed with the CCLA dependent upon the level of returns. In 2021-22 the Charity also placed funds on deposit with Virgin Money, United Trust Bank Limited, Hampshire Trust Bank Plc and Lloyds Bank Plc because the charitable funds deposit accounts offer a slightly higher rate of interest when funds are deposited for a fixed term.

STATEMENT ON RISK

Risks are categorised into the following areas:

AR Page 5

Systems and controls are in place to minimise the risk to the Charity. In particular, the following measures are in place:

The George Eliot Hospital NHS Trust’s risk and clinical governance policies are in line with recent guidelines required of the NHS; these policies apply equally to the work of the Charity. The Hospital prepares an annual Governance Statement as part of the final accounts process and in 2021-22 the statement included the following opinion statement from Internal Audit:

“ The organisation has an adequate and effective framework for risk management, governance and internal control.

However, our work has identified further enhancements to the framework of risk management, governance and internal control to ensure that it remains adequate and effective”.

The Trust has a continual process to manage risk detailed in the Assurance Framework.

The Charity is able to seek legal advice through the George Eliot Hospital NHS Trust’s appointed legal advisers:

Browne Jacobson LLP Victoria Square House Victoria Square Birmingham B2 4BU

Signed on behalf of the Trustee:

Name: Glen Burley

Date: 30 September 2022

AR Page 6

APPENDIX A

OBJECTS OF THE NHS SPECIAL PURPOSE CHARITIES

1 GEORGE ELIOT HOSPITAL RESEARCH & DEVELOPMENT CHARITY

“for any charitable purpose or purposes, principally (but not exclusively) at or in connection with the George Eliot Hospital NHS Trust, which will further the following aims:

2 GEORGE ELIOT HOSPITAL PATIENTS’ CHARITY

“for the relief of sickness of patients who are, or have been, treated at the George Eliot Hospital NHS Trust”.

3 GEORGE ELIOT HOSPITAL STAFF CHARITY

“for the relief of sickness at the George Eliot Hospital NHS Trust by promoting the efficient performance of their duties by the staff at that NHS Trust”.

4 GEORGE ELIOT HOSPITAL OBSTETRICS CHARITY

“for any charitable purpose or purposes relating to the National Health Service, wholly or mainly for the services provided by the Obstetrics Department and the Special Care Baby Unit of the George Eliot Hospital NHS Trust”.

APPENDIX B

George Eliot Hospital NHS Trust

Directors at 31 March 2022

Russell Hardy, Chairman Glen Burley, Chief Executive David Eltringham, Managing Director Haqnawaz Khan, Chief Finance Officer Catherine Free, Medical Officer Patrick Johnson, Chief Operating Officer (Note 1 below) Daljit Athwal, Chief Nursing Officer Anil Majithia, Non-Executive Director Julie Houlder, Non-Executive Director Rebecca Khanna, Non-Executive Director Elizabeth Washington, Non-Executive Director Simone Jordan, Non-Executive Director

Note 1. Interim Chief Operating Officer from 13 December 2021

Changes after 31 March 2022

Robin Snead was appointed as the substantive Chief Operating Officer from 2 May 2022 Natalie Green was appointed as the Chief Nursing Officer from 1 August 2022, replacing Daljit Athwal

Rebecca Khanna, Non-Executive Director, appointment ended 31 May 2022 Elizabeth Washington, Non-Executive Director, appointment ended 30 June 2022 With effect from 1 July 2022, the following Non-Executive Directors were appointed: Sarah Raistrick, Non-Executive Director Umar Zamman, Non-Executive Director

AR Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GEORGE ELIOT HOSPITAL NHS TRUST CHARITABLE FUND AND OTHER RELATED CHARITITES

I report to the trustees on my examination of the accounts of The George Eliot Hospital Charitable Fund (“the Charity”) for the year ended 31 March 2022 which comprise the income and expenditure account, the balance sheet and the related notes 1 to 20.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of your charity’s accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply 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.

I have no concerns and have come across no other 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.

Sarah Anderson, FCCA for and on behalf of Deloitte LLP Leeds, United Kingdom

IER Page 1

George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

Statement of Financial Activities for the year ending 31 March 2022

Note
Income and endowments from:
Donations and legacies
4
Other trading activities
5
Investments
7
Total incoming resources
Expenditure on:
Raising funds
8
Charitable activities
9
- Purchase of new equipment
- Building and refurbishment
- Staff training and welfare
- Patient education and welfare
Total charitable activities expenditure
Total expenditure
Net income/ (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total Funds brought forward
20
Total Funds carried forward*
20		 Unrestricted
Funds
£000
173
0
1
174
(8)
(57)
(42)
(40)
0
(139)
(147)
27
0
27
453
480		 Restricted
Funds
£000
0
0
0
0
0
0
(13)
(64)
0
(77)
(77)
(77)
0
(77)
117
40		 Total
Total
Funds
Funds
2022
2021
£000
£000
173
304
0
0
1
1
174
305
(8)
(29)
(57)
(44)
(55)
(202)
(104)
(35)
0
(15)
(216)
(296)
(224)
(325)
(50)
(20)
0
0
(50)
(20)
570
590
520
570

Page 1

George Eliot Hospital NHS Trust - Charitable Fund and Other Related Financial Statements 2021-22

Balance Sheet as at 31 March 2022

Unrestricted
Note
Funds
£000
Current Assets:
Debtors
15
0
Investments
17
170
Cash at bank and in hand
16
366
Total Current Assets
536
Liabilities:
Creditors falling due within one year
18
(56)
Net Current Assets
480
Total Net assets
480
The funds of the Charity:
20
Restricted income funds
0
Unrestricted income funds
480
Total Funds
480		 Restricted
Funds
£000
0
0
40
40
0
40
40
40
0
40		 Total
Funds
2022
£000
0
170
406
576
(56)
520
520
40
480
520		 Total
Funds
2021
£000*
3
147
520
670
(100)
570
570
116
454
570

The notes at pages 3 to 11 form part of these accounts.

The financial statements on pages 1 to 11 were approved by the Board of Trustees on and signed on its behalf by:

Glen Burley Chief Executive George Eliot Hospital NHS Trust Date: 30 September 2022

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George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

NOTES TO THE ACCOUNTS

1. Accounting Policies

(a) Basis of preparation

The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at fair value.

The financial statements have been prepared in accordance with the Charity's trust deed, the Charities Act 2011 and 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) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity is a public benefit entity under FRS 102 and has therefore applied the relevant public benefit requirements of FRS 102.

The effects of Covid-19 has caused and will continue to cause disruption to almost all sectors and financial markets. However, the financial statements as at 31 March 2022 continue to be prepared on a going concern basis of accounting and no adjustments have been made to the financial statements. Fundraising in the charity sector has generally been adversely impacted by Covid-19, however support for NHS charities has remained strong throughout the period and the Charity will benefit from a number of national initiatives which have raised funds for NHS Charities Together. The trustees consider the basis to be appropriate as they believe that the Charity has adequate resources to realise its assets and meet its liabilities in the normal course of affairs for the next twelve months.

In future years, the key risks to the George Eliot Hospital Charity are a fall in income from donations.

(b) Funds structure

Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified either as:

Restricted funds are those where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. George Eliot Charities’ restricted funds tend to result from appeals for specified purposes.

Endowment funds arise when the donor has expressly provided that the gift is to be invested and only the income of the fund may be spent. These funds are sub analysed 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 has no permanent or expendable endowment funds.

Those funds which are neither endowment nor restricted income funds, are unrestricted income funds which are sub analysed between designated (earmarked) funds where the trustees have set aside amounts to be used for specific purposes or which reflect the non-binding wishes of donors and unrestricted funds which are at the trustees’ discretion, including the general fund which represents the Charity’s reserves. The major funds held in each of these categories are disclosed in note 20.

(c) Income

All incoming resources are recognised once the Charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.

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George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

Notes to the Accounts - 1. Accounting Policies (Continued)

(d) Income from donations

Donations are recognised on a cash basis as entitlement to the income does not pass until the cash is received.

(e) Income 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 probate has been granted; and the executors have established that there are sufficient assets to pay the legacy; and all conditions to the legacy have been fulfilled or are within the Charity's control.

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

(f) Expenditure and irrecoverable VAT

All 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:

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

(g) Allocation of support costs

Support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration, internal and external audit costs and IT support. Support costs have been apportioned between fundraising costs and charitable activities on an appropriate basis. The analysis of support costs and the bases of apportionment applied are shown in note 11.

(h) 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 fundraising costs. Fundraising costs include expenses for fundraising activities and a fee paid to a related party, the George Eliot Hospital NHS Trust, under a fundraising agreement (see note 3). The fee is used to pay the salaries and overhead costs of the hospital’s fundraising office.

(i) Charitable activities

Costs of charitable activities comprise 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 include an apportionment of support costs as shown in note 9.

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

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George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

Notes to the Accounts - 1. Accounting Policies (Continued)

(k) Cash at bank and in hand

Cash at bank and in hand is held to meet the day to day running costs of the Charity as they fall due.

(l) Current asset investments

Current asset investments include fixed term bonds redeemable within 12 months from the reporting date. They are measured at fair value.

(m) Creditors

Creditors are amounts owed by the Charity. They are measured at the amount that the Charity expects to have to pay to settle the debt.

Amounts which are owed in more than a year are shown as long term creditors.

(n) Basic financial intrument policies

The Charity has chosen to adopt Sections 11 and 12 of FRS 102 in full in respect of financial instruments.

Financial assets and liablilities:

Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument.

Financial liabilities are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. A financial asset or financial liability that is payable or receivable in one year is measured at the undiscounted amount expected to be received or paid net of impairment, unless it is a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and financial liabilites are offset only when there is a current legally enforceable right to set off the recognised amounts and the intention to either settle on a net basis, or to realise the asset and settle the liability simultaneously.

(o) Critical judgements and sources of estimation uncertainty

There are no judgments and estimates that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

2. Prior year comparatives by type of fund

The primary statements provide prior year comparatives in total; this note provides prior period comparatives for the Statement of Financial Activities and the Balance Sheet for each of the two types of fund that the George Eliot Hospital NHS Trust Charitable Fund manages.

2a. Comparative – Statement of Financial Activity

Unrestricted
Funds
2020-21
£000
Income and endowments from:
Donations and legacies
153
Other trading activities
0
Investments
1
Total incoming resources
154
Expenditure on:
Raising funds
(29)
Charitable activities
(247)
Total expenditure
(276)
Net income
(122)
Transfers between funds
0
Net movement in funds
(122)
Reconciliation of Funds
Total Funds brought forward
576
Total Funds carried forward
454		 Restricted
Total
Funds
Funds
2020-21
2020-21
£000
£000
151
304
0
0
0
1
151
305
0
(29)
(49)
(296)
(49)
(325)
102
(20)
0
0
102
(20)
14
590
116
570

Prior period adjustment: NHS Charities Together funding is provided with grant conditions and should therefore be treated as a Restricted Fund. The NHS Charities Together fund was incorrectly categorised as an Unrestricted Fund in the prior year and this has been corrected. The impact was presentational.

Page 6

George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

3. Related party transactions

The George Eliot Hospital NHS Trust is the sole beneficiary of the Charity. The Trustees are also Directors of the George Eliot Hospital NHS Trust. The Charity has provided funding to the NHS Trust of £206,053 (2020-21: £295,703) for approved expenditure which has been made on behalf of the Charity as detailed in note 9. During the year none of the members of the NHS Trust Board or senior NHS Trust staff or parties related to them were beneficiaries of the Charity.

Revenue and net profit for the connected organisation is as follows:

Revenue
Net Loss for
the connected
organisation
£000
£000
George Eliot Hospital NHS Trust
219,485
(4,674)
4.
Income from donations and legacies
Unrestricted
Restricted
funds
funds
£000
£000
Donations from individuals (note 1 below)
79
0
Corporate donations
0
0
Legacies (note 2 below)
73
0
Grants (note 3 below)
21
0
Total
173
0
2021-22		 2021-22 2021-22 2021-22 2020-21 2020-21 2020-21
Revenue
£000		 Net Loss for
the connected
organisation
£000		 Revenue
£000		 Net Profit for the
connected
organisation
£000
219,485 (4,674) 210,109 503
Restricted
funds
£000
0
0
0
0
0		 2021-22
2020-21
Total
Total
£000
£000
79
119
0
0
73
0
21
185
173
304

5. Analysis of income from other trading activities

This was all miscellaneous in nature.

Miscellaneous income
Total
6.
Role of volunteers		 Unrestricted
funds
£000
0
0		 Restricted
funds
£000
0
0		 2021-22
Total
£000
0
0		 2020-21
Total
£000
0
0

Like all charities, the George Eliot Hospital NHS Charitable Fund is reliant on a team of volunteers for our smooth running. It is not possible to estimate their total number.

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.

7. Gross investment income

Short term investments and
deposits and cash on deposit		 Unrestricted
funds
£000
1
1		 Restricted
funds
£000
0
0		 2021-22
2020-21
Total
Total
£000
£000
1
1
1
1

Page 7

George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

8. Analysis of expenditure on raising funds

Fundraising office
Total		 Unrestricted
funds
£000
8
8		 Restricted
funds
£000
0
0		 2021-22
2020-21
Total
Total
£000
£000
8
29
8
29

9. 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.

Grants were approved in favour of the partner organisations, principally the George Eliot Hospital NHS Trust to carry out activities that will benefit NHS patients and their families and staff. The Charity incurred expenditure with third parties in pursuance of those grants or reimbursed expenditure incurred by them.

Purchase of new equipment
Building and refurbishment
Staff education and welfare
Patient education and welfare
Movement on funding commitments
Opening balance as at 1 April
Additional commitments made during the
year
Amounts paid during the year
Closing balance as at 31 March		 Grant
funded
activity
£000
55
52
99
0
206
Current
liabilities
2022
£000
101
247
(206)
142		 Support
costs
£000
2
3
5
0
10
Non-current
liabilities
2022
£000
0
0
0
0		 Total
2021-22
£000
57
55
104
0
216
Total
2022
£000
101
247
(206)
142		 Total
2020-21
£000
44
202
35
15
296
Total
2021
£000
110
279
(288)
101

10. Movement on funding commitments

Commitments have occurred where approval has been given by the Fund Managers, within delegated limits, to make payments to the George Eliot Hospital NHS Trust for the purchase of equipment, furniture, garden landscaping, training of staff and staff/patient welfare, but this purchase has not taken place by 31 March 2022. These commitments do not affect the balance sheet but exist at 31 March 2022.

11. Allocation of support costs and overheads

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.

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George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

11. Allocation of support costs and overheads (continued)

The bases of allocation used are as follows:

• Fund balance: this is a proportion based on the fund balance at the start of the year. This is used where the trustees consider this is a more equitable treatment to avoid disadvantaging funds with high volume, low value transactions.

Raising
funds
£000
Independent exam
0
Other professional fees
0
Governance
0
Financial administration
8
Total
8
Unrestricted
funds
£000
Raising funds
8
Charitable activities
8
16		 Charitable
Activities
£000
6
1
7
2
9
Restricted
funds
£000
0
1
1		 2021-22 Total
£000
6
1
7
10
17
2021-22 Total
£000
8
9
17		 2020-21 Total
Basis
£000
4
Fund balance
2
Fund balance
6
31
Fund balance
37
2020-21 Total
£000
29
8
37

12. Trustees' remuneration, benefits and expenses

The Charity's trustees are all employed by George Eliot Hospital NHS Trust and receive no remuneration for the work that they undertake as trustees. Any costs incurred by them in fulfilment of their duties are also met by the George Eliot Hospital NHS Trust.

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

Salaries and wages
Social security costs
Employer pension contributions		 2021-22
2020-21
£000
£000
8
33
0
0
0
0
8
33

The Trust did not have a Charity Manager for most of the year and the costs include three members of staff employed by the George Eliot Hospital NHS Trust who have worked part time for the Charity in providing administrative support (Cashier, Charitable Funds Officer and Accounts Payable Clerk). Staff costs have been recharged to the Charity based on an apportionment of their time.

The George Eliot Hospital Charity considers its key management personnel to be the trustees. All these key management personnel are employed by George Eliot Hospital NHS Trust. None of them are employed solely for the management of the charity and the trust does not reimburse the George Eliot Hospital for their services.

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George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

14. Net income/ expenditure

Net resources are stated after charging/crediting

Independent examination
15.
Analysis of current debtors
Debtors under 1 year
Accrued income
Total
16.
Analysis of cash and cash equivalents
Cash at bank and in hand
Notice deposits
Notice deposits are sums held on interest bearing deposits as follows:
Lloyds Money Market Deposits
Virgin Bank Account
CCLA COIF Charities Deposit Fund		 31 Mar
2022
£000
6
31 Mar
2022
£000
0
0
31 Mar
2022
£000
30
376
406
31 Mar
2022
£000
65
85
226
376		 31 Mar
2021
£000
4
31 Mar
2021
£000
3
3
31 Mar
2021
£000
411
109
520
31 Mar
2021
£000
55
53
1
109

All of the amounts held on interest bearing deposits are available to spend on charitable activities.

17. Current asset investments

One year bonds:
Hampshire Trust I year bond
United Trust 1 year bond		 31 Mar
31 Mar
2022
2021
£000
£000
85
74
85
73
170
147

No cash or cash equivalents or current asset investments were held in non-cash investments or outside of the UK.

18. Analysis of liabilities

Creditors under 1 year

Other creditors
Accruals
Total		 31 Mar
31 Mar
2022
2021
£000
£000
50
96
6
4
56
100

Other creditors include sums owed at the year end by the Charity to the related party, George Eliot Hospital NHS Trust for costs incurred by the NHS Trust on behalf of the Charity in the furtherance of the Charity's objects.

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George Eliot Hospital NHS Trust - Charitable Fund and Other Related Charities Financial Statements 2021-22

19. Financial instruments

Debt instruments measured at amortised cost
Carrying amount of financial liabilities
Measured at amortised cost
Carrying amount of financial assets		 31 Mar
31 Mar
2022
2021
£000
£000
0
3
56
100

20. Analysis of charitable funds

a) Analysis of restricted fund movements

Patients
Staff
Research
NHS Charities Together		 Balance
b/fwd
Income
Expenditure
Transfers
Gains and
losses
Fund c/fwd
£000
£000
£000
£000
£000
£000
3
0
0
0
0
3
1
0
0
0
0
1
10
0
0
0
0
10
102
0
(76)
0
0
26*
116
0
(76)
0
0
40

The objects of each of the restricted funds are as follows:

Patients: The relief of sickness of patients. Staff: Relief of sickness by promoting efficient performance of their duties by staff. Research: Research into the investigation and treatment of the causes of sickness and disability. NHS Charities Together For the benefit of NHS staff affected by Covid-19

b) Analysis of unrestricted and material designated fund movements

General Purpose
Serenity Garden
Other funds		 Balance
b/fwd
Income
Expenditure
Transfers
Gains and
losses
Fund c/fwd
£000
£000
£000
£000
£000
£000
142
49
(71)
0
0
120
19
45
(38)
0
0
26
292
80
(38)
0
0
334*
453
174
(147)
0
0
480

The objects of the material and other key designated unrestricted funds are as follows:

General Purpose: For charitable purposes relating to the National Health Service, wholly or mainly for the Serenity Garden: For the Serenity Garden Project. Breast Care: Provide general support for all aspects of breast disease. Coronary Care: For the benefit of patient comfort and purchasing equipment in Coronary Care. Oncology: For the benefit of improving facilities, purchasing equipment and education. ITU: For the benefit of ITU. SCBU: For the benefit of the SCBU. IDEA: Integrated, Diabetes Care, Education and Academic Research fund, to raise funds for a Diabetes Centre. Research: For the benefit of research provided by the George Eliot Hospital. Healthy Workplace For the benefit of staff health and wellbeing. Initiative: Chaplaincy: For the benefit of the Chaplaincy. Serenity Garden: For the Serenity Garden Project.

*** Adjustment: NHS Charities Together funding is provided with grant conditions and should therefore be treated as a Restricted Fund. The NHS Charities Together fund was incorrectly categorised as an Unrestricted Fund in the prior year and this has been corrected. Impact was presentational.**

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