Annual Report
For the year ended 31 March 2022
Registered Charity No. 1057917
www.dbth.nhs.uk
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Annual Report
For the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trustee Report | 1 - 8 |
| Independent Auditors' report | 9 - 11 |
| Statement of Financial Activities | 12 - 13 |
| Balance Sheet | 14 |
| Cash Flow Statement | 15 |
| Notes to the financial statements | 16 - 22 |
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Trustee Report 2021-22
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds presents their annual report together with the financial statements for the year ending 31 March 2022.
The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Reference and administrative details
Trustee
Doncaster & Bassetlaw Teaching Hospitals NHS Foundation Trust is the Corporate Trustee. Directors of the NHS Foundation Trust act as de-facto Trustees on an operational level.
Directors of the Corporate Trustee in 2021/22 are: Suzy Brain-England Richard Parker OBE (Chief Executive) Neil Rhodes Karen Barnard Sheena McDonnell David Purdue Pat Drake Jon Sargeant Kath Smart Alex Crickmar (from November 2021) Mark Bailey Rebecca Joyce Dr Tim Noble
Charity Registration Number: 1057917
Registered Office and Address of Principal Office:
Doncaster & Bassetlaw Teaching Hospitals NHS Foundation Trust, Armthorpe Road, Doncaster, DN2 5LT
Auditors
Citygate, St James' Boulevard, Newcastle upon Tyne, NE1 4AD
Bankers
Royal Bank of Scotland, 15 St Sepulchre Gate, Doncaster, DN1 1TF
Investment Management
Aberdeen Standard, 1 George Street, Edinburgh, EH2 2LL
1
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
OBJECTIVES AND ACTIVITIES
Our Charitable Objectives
The Aim of the charity is that:
Charitable funds received by the Charity are accepted, held, and administered as funds and property held on trust for purposes relating to the health service in accordance with the National Health Service Act 2006 by the Corporate Trustee, to benefit patient care and advance the good health and welfare of patients, carers and staff.
In reality, this means that the donations received by the Charity are used to enhance the environment for patients and staff, going above and beyond what is normally expected of the NHS.
In setting our objectives and planning our activities, our Trustees have given careful consideration to the
Public Benefit
Grant Making Funded projects are decided upon by the Trustees of the Charity in line with the objectives of the Charity. Projects that are funded by the Charity must support and enhance the work of the Trust and not undermine the provision of the NHS.
Strategic Report
Achievements and Performance
Patients' Welfare and Amenities
As a result of the support of donors both in 2021/22 and previously, the charity has been able to support the following projects in the year:
Shuttle Bus service between Mexborough and Doncaster
The free shuttle bus service between the two hospital sites was made possible by the legacy left by Fred & Ann Green a number of years ago. This service connects the two hospital sites, making access to healthcare and inpatient relatives much easier.
By providing free travel between the two sites to allow relatives and loved ones to visit in-patients, this creates opportunities for patients to receive morale-boosting visits, which in turn, aids recovery and reduces length of stay.
The free shuttle bus also allows better access to out-patient appointments at both sites, which improves the health and wellbeing of patients.
2
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Newly created bereavement room
The newly designed space will be known as the and dedicated to the memory of Lorraine Butterfield, an extraordinary Registered Nurse who worked for many years at DRI and who sadly passed away during the pandemic.
The Butterfield Suite is a place where relatives and friends can stay, away from the busy ward, giving them a space to grieve following the loss of a loved one. It offers privacy and dignity as well as facilities to wash and freshen up if required.
Butterfield Suite is a much-needed addition to our hospital. It will provide a peaceful environment, and somewhere where relatives and friends can go to obtain some privacy at a time when they may need it the most. Losing someone is never easy, and we want to make this time as comfortable as possible, with friends
Health professionals within the Emergency Department also believe this space will provide a fitting tribute to their colleague Lorraine, who sadly passed in November 2020 following a brief battle with COVID-19.
3
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Baby Loss Awareness Week
Doncaster and Bassetlaw Teaching Hospitals lit up their buildings in the Baby Loss Awareness Week colours, pink and blue, throughout the week, along with some other buildings in the local area including Retford Town Hall,
This year Baby Loss Awareness Week explored the theme of wellbeing and encouraging those affected by pregnancy and baby loss to share what helped them to recover and build a life after loss.
The special events planned for the week were organised by the bereavement midwives, Matt Proctor and Rhian Morris. They said: hope that some of the events planned for Baby Loss Awareness Week will enable
Staff Welfare and Amenties
It is widely acknowledged that a proportion of donors gifting to the Charity wish for the staff to benefit as much as patients.
Whilst controls are in place to ensure such expenditure is appropriate and in line with NHS values, it is important to acknowledge the hard work that staff perform and go above and beyond for patients on a daily basis.
Some of the items purchased include:
-
Training courses allowing staff to develop professionally and personally, beyond their current role.
-
Retirement vouchers, as a "thank-you" for spending a substantial length of time providing a service to the people of Doncaster, Worksop and the surrounding areas.
-
Office equipment and furnishings, enhancing the staff environment over and above what would normally be expected. 4
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Volunteers and Fundraisers
Our Charity is testament to the generosity of our donors and we are extremely grateful to all who have been involved this year.
The level of support that is received from volunteers and fundraisers is paramount to the Charity and for it to achieve its objectives. Without this, the Charity would not be able to help provide better facilities, provide specialist medical equipment and improve the environment for patients, families and visitors.
It would be impossible to recognise all the volunteers and fundraisers that have supported the Charity in the past, but our sincere thanks goes out to all of them.
One fundraising scheme that has increased in popularity during 2021/22 has been the Christmas Star Appeal.
Throughout the Christmas period, over 30 stars of all shapes and sizes lit up across the buildings which make up Doncaster and Bassetlaw Teaching Hospitals.
The headline sponsor, DFS, have for the second-year running committed £10,000, and in the process have helped to raise over £30,000 which will be directly reinvested into patient care, treatment and facilities.
Achievement of Charitable Objectives
Given the performance of the charity in 2021/22, Trustees are assured that the charitable objectives have been met for the year.
Financial Review
| £k | ||
|---|---|---|
| Donations and Legacies | 46% | 287 |
| Other TradingActivities | 4% | 24 |
| Investments | 50% | 319 |
| Total | 100% | 630 |
| £k | ||
| RaisingFunds | 10% | (117) |
| Charitable Activities | ||
| - Patients' Welfare and Amenities | 70% | (869) |
| - Staff Welfare and Amenities | 20% | (251) |
| Total | 100% | (1,237) |
5
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Review of Charity Activities Year ending 31st March 2022
What are our costs?
Charitable Activities: These are costs related to allowing the charity to meet its objectives. These include direct costs and grants of charitable expenditure.
Raising Funds: Costs related to the running of activities designed to raise funds for the Charity. These costs relate to salaries for staff not performing charitable expenditure, IT costs, transactional finance costs and professional fees for the charity such as audit fees.
Reserves
The Charity aims to hold undesignated reserves sufficient to cover three months operational costs. At the year end the charity held restricted funds of £7,396k and unrestricted funds of £1,877k. The funds held outside of restricted funds are sufficient to cover operational costs for at least three months.
Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate our exposure to the major risks.
The main risk for the charity is the economic uncertainty and to this extent, the Trustees are using investment managers to reduce the level of risk within the investments held. With this in mind, trustees have a risk averse approach to investments, whilst trying to ensure a reasonable level of income into the charity.
Future financial perfomance and position is likely to be determined by the state of the economy, both in terms of the success and stability of the investments held, as well as the level to which donors feel as though they are able to support the charity. While steps can be taken to manage the risk, the risk still remains and could make it difficult for the charity to achieve its objectives in the short to medium term.
During the year, there was a detailed review of our Investment Policy working alongside our investment managers, Aberdeen Standard. This exercise challenged previous risk appetites and ensured that the updated Investment Policy provided a balance between financial flexibility, financial risk and ethical risk.
Investment Performance
The charity is reporting a gain on investments of £581k which is a gain of 6.6% in the year. This is against a gain of 19.7% (£1,436k gain) in the previous year, which was caused by the recovery from the initial impact of Covid-19 on the financial markets. As a comparison, the FTSE 100 had a gain of 11.6% during 2021/22.
The investments were put into a low risk portfolio. The aim was for the investments to exceed the income available through fixed-term, fixed-yield investments provided by UK High Street banks, whose yield is generally around 1%.
6
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Structure, Governance and Management
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds is a registered charity (number: 1057917). It is governed by its Memorandum & Articles of Association.
The Directors of Doncaster & Bassetlaw Teaching Hospitals NHS Foundation Trust act as de-facto Trustees of the Charity, as the NHS Foundation Trust is the corporate Trustee for the Charity.
When an individual ceases to be a Director of the NHS Foundation Trust, they also cease to be a Trustee of the Charity.
The Charity utilises the opinions of a number of governors and key stakeholders to help in its decision making process. This helps provide additional opinions and perspectives into the decision making process and helps ensure the aims of the Charity are being met. However, these are only advisory roles.
No Trustee received any remuneration from the Charity in the financial year 2021/22 for their role with the Charity, although they do receive remuneration for their role with the Foundation Trust.
Our Plans for the Future:
Covid-19 has had a significant impact on many aspects of the NHS Trust, but one of the most significant impacts has been on the health and wellbeing of staff, which can be seen by the increase in charitable activities around staff activities in 2021/22.
It is felt that this is likely to continue into 2022/23 through various activities around staff wellbeing, which will improve the morale of staff, as well as fulfil the wishes of donors who appreciate the efforts of members of staff.
In 2022/23, the main fundraising efforts centre around the Serenity Suite project. The Serentiy Suite project is expected to be a dedicated bereavement suite at Doncaster Royal Infirmary, a mobile ultrasound scanner for the Early Pregnancy Unit (EPAU) at Bassetlaw Hospital and refurbishments to two counselling rooms for services across both sites.
Given the level of reserves that the charity has available to it, there is an increased focus on increasing spend over the next few years and this has meant a refresh of the governance arrangements, so expenditure can be approved quickly, but also in line with appropriate governance procedures.
It is hoped that the operational pressures associated with Covid-19 will continue to ease to ensure there is sufficient management resource to help drive and deliver the increased investment.
7
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Statement of Trustee responsibilities
each financial year which show 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 requires that the Trustees:
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Select suitable accounting policies and then apply them consistently
-
Make judgments and estimates that are reasonable and prudent
-
State whether the recommendations of the SORP 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, subject to any material departures disclosed and explained in the financial statements
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The Trustees are required to act in accordance with the trust deed and the rules of the charity, within the framework of trust law. The Trustees 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 the Trustees under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. The Trustees have general responsibility for taking such steps as are reasonably open to the Trustees to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
The Trustee confirms that it has met the responsibilities set out above and complied with the requirements for preparing the accounts.
Auditors
Ernst & Young LLP have indicated that they are willing to be reappointed for the following year.
On behalf of the Trustees
Richard Parker OBE Chief Executive
Alex Crickmar Acting Director of Finance
8
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DONCASTER AND BASSETLAW HOSPITALS NHS FOUNDATION TRUST CHARITABLE FUND Opinion We have audited the financial statements of Doncaster and Bassetlaw NHS Foundation Trust Charitable Fund fof the year ended 31 March 2022 which comprise the Staternent of Firiaricial Activities. the Balance Sheet. the Slalemenl of Cash Flows and the lated notes 1 to 15. including a summary of signifi&gnt arLounting polici8s. The financial reporting framework that has been appli8d in their preparation is appluble law and United KInlOrn Accounting Standards (United Kingdom Generally Accepted Accounting Practe) including FRS 102 Finartial Rewrting standard applicable in the UK and Republ of Ireland.. In our opinion the financial ststem8nts'. give a true and lair view of the state ol the charitys allai(s as at 31 March 2022 and of its net incorne and applutyon of reSOurs, for the year then ended., have been property prepared in accJrdanco wilh UniteLI ngdorn GeneraltyAepted Aminting Practte,. and have been prepared in accwdance with the requirernents of the Charil Act 2011. Basls for oplnlon We ¢ondu¢iÈd our audrt in a¢cordarKe with Internatyna1 sdards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the finarKi81 statements section of our report below. We are independent ol the charily In accordancè with the ethal reqU1MentS that are leVant to our audit of the financial slalements in the UK, Including the FRC'S Ethical Slandard. and we have fulfilled our other ethical re5ponsibililies in accordance with these requirements. We bglieve that the audit evidencE we have obtained is sufficienl and appropriate to provmle a basis for our opinion. Concluslons relatlng to golng concem In auditing the financial slalernents, we have conduded Ihat Ihe truslees. use of Ihe going concem basis of accounting in the prgp8r8tion ol the finawial $tatements 1$ appropriate. Based on the work w have performed, have not identrfied any maierial uncertainties relating to èvènts or conditions that, individually or collèctivèly, may cast significant doubt on thè charity's ability to continue as a going concern fcv a peri¢)J ol at least tWee months from wthen the financial slatements are aulh0ri5ed for issue. Our SponSibl11eS and the responsibilrtEs ol the trustees with respect to going concem are described in the revant seclions of thi5 report. However, because nol all fvlure events or condibons can be pr8dict6d, this statemènt is not a guaranteè as to the trustee's ability lo c(xi'nue as 8 going concèm. Other information The other inlorrnation comprises the infom)atn included in Ihe annual Port. other than the financial stat8m8nts and our auditor's report thereon. The trusiees are responsible for the other informab'on contained in the annual pOrt. Our opinion on the financial staternents dIS not cover olher inforrnalion and we do not express any fonn of assurance Conclus Ihereon.
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DONCASTER AND BASSETLAW HOSPITALS NHS FOUNDATION TRUST CHARITABLE FUND (Continued) Our respollsibility is to read the other Information and, in doing so. consider whether the other information is materially inconsistent with the finanoal statements or our knowledge obtsined in the audit or otherwise appears to be rnaierial rnisstated. If we identify such material inconsistencies or apparent rnaterial rnisstatem8nts, we ar8 r8quir8d to deteffliine whether this gives rise to 8 rnaterial misstatement in the financial statements themselves. If. based on the work we have performed, we conclud8 that there 15 8 material misststement of the 0th8r Inft)mia'0n. we ar8 required to report that fact. We have nothing to rept in this regard. Matters on which we are required to report by exception We have nothing to report in $t¢t of the following matters where th8 Charities {AUnts and Rèports) Regulations 2008 require us to pOrt to you rf. in our On10Th= th$ information given in the Trustees'Annual Rswt is in¢on$i$t8nt in any materi81 r8spe¢t with the linanoal statem&nts,' or suffioont 8c¢ountin9 rrdS have not been kepl.. the finants81 Stslerrents artr not in agreernent wilh a¢¢ounDng r8¢ords and reium$.' or have not weived all th& inl¢math?n and exrA8n8tions we quIre for our audil. Re8ponsSbllltl•8 of trusteos As explained more fully in the InJste¢$' re$ponsi)ilitS Statsrnent oul on page 8, tho trustees ar responsible lor the pParatIOn ol the finanual siatamènts and lor bèing satisfied that they givè a trua and lair view, and for such internal control as the trustees d8temiine is necessary to enable the preparation ol financial statements Ihat 8re fres Irom material mis$teMent, whether due to fraud or error. In preparing the financial staterngnts, the trustees ao r¥snsible lor assessng the ¢h8nty'$ ability to continue as a going COnrn, disclosing. as applicable. matters related to going concem and using the going concem basis of accounting unless management eithef intends to INuidate the charity or to ceaso operation$, or has no 811$11¢ aiiem81ive but lo do so. Auditor's responsibilltles for the audit of the financlal statèments Wè hava beall aPPK)inted as auditor undèr séebL 144 01 Ihè CharitièsAci 2011 and r8pL¥t in accordance with the Act and relevant wulats.ons made or having effect thereutyjer. Our objectives are to obtain 8$Onable assurance at)trt whether the financial statements as a whole are free from material rnisslatemenl. whelher due lo fraud or error, and ¢0 i8sue an auditor's repori that in¢ludes our opinion. Reasonable assurant is a high level of assur8n(x. but 1$ not a guararil8e thal an au¢Jit con¢Jucted In accordance wrth ISAS IUKI will always detect a matenal misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be exrRcled to inflyer the e(xJnomic decisions of users taken on the basis ol these financial statèments. Explanation as to what •xt•nt th• audit was eoft$id•r•d Capabh of d•t•eiing iwulariti•s. Includlng fraud Irregularities, including fraud, are instances of non-compliance laws and regulations. We deg procedures in line with our responsibilities. ouuined above. to detec¢ irregularities. including fraud. The risk of not detecting a material misslatement due io Iraud is hgher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealtnenl by, for exatnple, forgery or intentional misrepresentations, or through colluson. The extent to which our proTrdures are capable of detecting irregularities, including fraud is detailed below_ Hovwer, the primary responsibility for the pr8vents.on and det8Ction of fraud r8sts with tK)th th058 charged wtth gov8rn8nce of th8 8ntty and management. 10
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DONCASTER AND BASSETLAW HOSPITALS NHS FOUNDATION TRUST CHARITABLE FUND We obtained an underslandiThJ ol the gaI and regulatw framewots that are appluble to the charity and determined that the most signrficanl are ts Charities Act 2011. and all relevant 8rnpIoyrn8nt18ws of th8 United Kiwdom. We understi)CrtJ how Doncaster and Bassellaw NHS Foundation Tnjst Charrtable Fund is complying with those frameworks by understanding Ihg incentive. ry)portunib'es and rnotivgs for non-c¢)mpliance, including inquiring of management and obtaining and VIewIng dentatIOn relating lo the procedures in place lo i¢Jenlify. evaluate an¢J comply with laws and regulations, and whether they are awa of instances of nc-coMpl1an. We corrob)rated this through our review of board minutes and through the inspecbon ol olhef inlormatKX). Based on this understanding we designed our audit prcte¢Jures to entIfy non<ompliance wth such laws and regulations. Our prwedure5 had a fuS on Compliance with ¢h8 accounbng framework through obtaining sufficient audit evidencé in linè with the levd of risk Identif and with rdevanl legislats'on. We assessed the suSpIlb1llty ol the charity's finala1 slalements to material misstatement, including how fraud might crxur by underslanding potenty'al incentives and pressur85 for managernent to manipulate the finan(ial Statements. and rfOrrned pr<tsdures to understand the areas in which this would most likely arise. Based on cxjr risk assessment procedures, we identified rnanipulation of reported financial performance Ihrough improper recogniti of revenue. and managernenl overridè ol controls to bè our fraud nsks. Based on this understanding we designed Jr au¢Jit prLtedufes to idèntify nMlanCe with such laws and regulations. Our prc(edures invdved.. rVW ol thè manual year4nd irthmè accrual$, ¢hall&noin9 8$sumpbon$ and corroborating the Income lo appropnale evide.. rforming a review lor any wJnikant. unusual business transaCtI¢s.. and tesiing ol spacilic journal èntries identified by applying risk cril&ria lo the entire population of journals. For each Irnal selected. we tested specific transactions back lo source documentstion lo crmfirm Ihal the jwmals were aulhorised and a¢¢ounted for apprgpriaiely. A further description of our responsibili¢ws for the audit of the financjal statements is located on the Financial Repming Council'$ wèb$iie al httpS.'IlwvA¥.fr¢.9.kI8Ud•i0rsr$$ponsIb1IltlQ$. This description forms part of our audrtcrf's r8port. Use of our report This report is made solely to the Trustees. as a body, in accordance with Part 4 of the Charities IAccounts and RepM)rtsl Regulatsons 2008. Our audit has been undertaken so that we might slate to Ihe chariws trustee5 those rnatter5 we are required lo stsle lo them in an 8uditors' rerrt and lor no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other Ihan the charity and Ihe charily's Iruslees as a bcxyy. for our audil work, for this report, or for the opinions we have forrned. Ernst & Young LLP StatutoryAu¢Jitor Newcastl8 upon Tynè 15 Decetnber 2022 Ernst & Young LLP is eligible to act as an auditor in terms ol tIOn 1212 of the CompaniesAci 2006
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Statement of Financial Activities
For the year ended 31 March 2022
| Unrestricted Note Funds £000 Income and endowments from: - Donations and Legacies 2.1 175 - Other trading activities 2.2 12 - Investments 2.3 66 Total income 253 Expenditure on: - Raising Funds 4 (41) - Charitable activities 3 - Patients' Welfare and Amenities (224) - Staff Welfare and Amenities (17) - New Building and Refurbishment - Total resources expended (282) Net gains/(losses) on investments 6 118 Net income/(expenditure) 89 Transfers between funds - Net movement in funds 89 Reconciliation of funds Total funds brought forward 1,788 Total funds carried forward 1,877 |
Restricted Funds £000 112 12 253 377 (76) (645) (234) - (955) 463 (115) - (115) 7,511 7,396 |
31 March 2022 £000 287 24 319 630 (117) (869) (251) - (1,237) 581 (26) - (26) 9,299 9,273 |
31 March 2021 £000 374 153 249 |
|---|---|---|---|
| 776 | |||
| (79) (560) (129) (12) |
|||
| (780) | |||
| 1,436 | |||
| 1,432 | |||
| - | |||
| 1,432 | |||
| 7,867 | |||
| 9,299 |
All incoming resources and resources expended derive from continuing activities.
12
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Statement of Financial Activities
For the year ended 31 March 2021 - for comparative purposes only
| Unrestricted Note Funds £000 Income and endowments from: - Donations and Legacies 2.1 84 - Other trading activities 2.2 26 - Investments 2.3 50 Total income 160 Expenditure on: - Raising Funds 4 (22) - Charitable activities 3 - Patients' Welfare and Amenities (83) - Staff Welfare and Amenities (75) - New Building and Refurbishment (7) Total resources expended (187) Net gains on investments 6 286 Net income 259 Transfers between funds (2) Net movement in funds 257 Reconciliation of funds Total funds brought forward 1,531 Total funds carried forward 1,788 |
Restricted Funds £000 290 127 199 616 (57) (477) (54) (5) (593) 1,150 1,173 2 1,175 6,336 7,511 |
31 March 2021 £000 374 153 249 |
|---|---|---|
| 776 | ||
| (79) (560) (129) (12) |
||
| (780) | ||
| 1,436 | ||
| 1,432 | ||
| - | ||
| 1,432 | ||
| 7,867 | ||
| 9,299 |
All incoming resources and resources expended derive from continuing activities.
13
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Balance sheet as at 31 March 2022
| Note Fixed assets Investments 6 Total fixed assets Current Assets Debtors 7 Cash at bank and in hand 8 Total current assets Current Liabilities Creditors: Amounts falling due within one year 9 Net current assets or liabilities Non Current Liabilities Creditors: Amounts falling due greater than one year 9 Total net assets or liabilities Funds of the Charity Unrestricted income funds Restricted income funds Total funds |
31 March 2022 £000 9,323 9,323 38 650 688 (664) 24 (74) 9,273 1,877 7,396 9,273 |
31 March 2021 £000 8,741 |
|---|---|---|
| 8,741 | ||
| 10 828 |
||
| 838 | ||
| (280) | ||
| 558 | ||
| - | ||
| 9,299 | ||
| 1,788 7,511 |
||
| 9,299 |
The notes on pages 16 to 22 form part of this account.
The Financial Statements on pages 12 to 22 were approved by the Board of Trustees and signed on its behalf by:
Richard Parker, Chief Executive Doncaster and Bassetlaw Hospitals NHS Foundation Trust Date: 8 December 2022
Alex Crickmar, Acting Director of Finance Doncaster and Bassetlaw Hospitals NHS Foundation Trust Date: 8 December 2022
14
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Cash Flow Statement
Year ended 31 March 2022
| Cash flows from operating activities: Net cash used in operating activities Cash flows from investing activities: Purchase of investments Sale of investments Dividends receivable Net cash provided by investing activities Net decrease in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash and cash equivalents consists of: Cash at bank and in hand |
2022 £000 (570) (1,567) 1,566 319 318 (252) 828 576 650 |
2021 £000 (356) (1,427) 1,425 249 |
|---|---|---|
| 247 | ||
| (109) | ||
| 937 | ||
| 828 | ||
| 828 |
Reconciliation of net income/(expenditure) to net cash flow from operating activities
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Dividends received Gains on investments (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash flow from operating activities |
2022 £000 (26) (319) (581) (28) 384 (570) |
2021 £000 1,432 (249) (1,436) 22 (125) |
|---|---|---|
| (356) |
15
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Notes to the financial statements for the year ended 31 March 2022
1. Accounting Policies
1.1 Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2016.
The charity constitutes a public benefit entity as defined by FRS 102.
After making enquiries, the Trustee is satisfied that the Charity has adequate resources to continue in operational existence for the foreseeable future therefore there are no material uncertainties over going concern.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include listed investments at market value.
The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
1.2 Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
The cost of raising and administering such funds are charged against the specific fund.
1.3 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
The charity recognises legacy income when the amount due can be quantified with reasonable probability and the timing of the receipt is known.
16
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Notes to the financial statements for the year ended 31 March 2022
1. Accounting Policies (continued)
1.4 Donated goods, facilities and services
Donated facilities and donated time are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the Charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. It is not felt that this can be reliably measured for the reporting period presented.
Doncaster and Bassetlaw Teaching Hospitals NHS Foundation Trust provides some office accomodation, facilities and administration support to the charity free of charge.
1.5 Use of Volunteers
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
A notional amount of time is donated by volunteers to assist with fundraising. Periodically, goods are donated to the Charity and are impractical to value.
1.6 Fundraising and Trading Activities
Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
1.7 Investment income
Investment income is earned through holding assets for investment purposes such as shares and gilts. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the right to receive payment is established.
The Trustees have considered the most appropriate policy for the investment of funds and decided to invest in a low risk portfolio of stocks, shares and gilts. Investments are stated at market value. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.
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.
1.8 Resources expended
All expenditure is accounted for on an accruals basis, except for grants, which are accounted for in the period in which the charity makes a formal commitment to give grant aid.
Resources expended are allocated to the particular activity where the cost relates directly to that activity. The cost of overall direction and overhead costs of the central function are borne by the unrestricted fund.
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Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Notes to the financial statements for the year ended 31 March 2022
1. Accounting Policies (continued)
1.9 Taxation
The Charity is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments, and surpluses on any trading activities carried on in furtherance of the charity's objectives. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
1.10 Financial Instruments
Financial assets and financial liabilities which arise from contracts for the purchase or sale of nonfinancial items are recognised when performance occurs.
1.11 Allocation of overhead and support costs
Due to the small amounts involved, all costs of generating funds have been allocated as governance costs and apportioned across all funds.
1.12 Cost of generating funds
The cost of generating funds is the cost of investment management fees, audit fees and support costs.
1.13 Fundraising Arrangements
The charity has a Corporate Fundraiser, and they are subject to a bonus scheme, depending on the level of income that has been generated, over and above a financial baseline. They are paid by Doncaster & Bassetlaw Healthcare Services Limited, and their costs are recharged back in full to the charity. For 2020/21 and 2021/22, there were no employees who received employee benefits (excluding employer pension costs) of more than £60k.
1.14 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.
1.15 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 opening carrying value (or purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the end and opening carrying value (or purchase date if later).
1.16 Debtors
Debtors are measured on the basis of amount due less provision for doubful debt. Debtors include prepayments and accrued income.
1.17 Creditors
Creditors include amounts invoiced to the organisation but not yet paid, along with accrued and committed expenditure.
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Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Notes to the financial statements for the year ended 31 March 2022
2 Income
2.1 Donations and legacies
| Donations from individuals Corporate donations Legacies Other trading activities Fundraising and event income Investment income Dividends Charitable activities Patients' Welfare and Amenities Staff Welfare and Amenities New Building and Refurbishment |
Unrestricted £000 116 24 35 175 Unrestricted £000 12 12 Unrestricted £000 66 66 Unrestricted £000 (224) (17) - (241) |
Restricted £000 47 22 43 112 Restricted £000 12 12 Restricted £000 253 253 Restricted £000 (645) (234) - (879) |
2022 £000 163 46 78 287 2022 £000 24 24 2022 £000 319 319 2022 £000 (869) (251) - (1,120) |
2021 £000 173 173 28 |
|---|---|---|---|---|
| 374 | ||||
| 2021 £000 153 |
||||
| 153 | ||||
| 2021 £000 249 |
||||
| 282 | ||||
| 2021 £000 (560) (129) (12) |
||||
| (701) |
2.2 Other trading activities
2.3 Investment income
3 Charitable activities
19
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Notes to the financial statements for the year ended 31 March 2021
4 Resources expended
| Analysis of support costs Auditor's remuneration Support costs |
2022 £000 15 102 117 |
2021 £000 7 72 |
|---|---|---|
| 79 |
Increase in support costs are as a result of increasing costs of fundraising and infrastructure supporting fundraising.
5 Remuneration of Trustees
None of the Trustees received any remuneration related to Charity activities or were reimbursed any out of pocket expenses in the year (2020/21 : £ Nil).
6 Fixed asset investment
| Market value at 1 April Additions Disposals Revaluation gain Market value at 31 March Historic cost at 31 March Investments at fair value compromises: Fixed Interest UK Equities Overseas Equities Investment properties |
31 March 2022 £000 8,741 1,567 (1,566) 581 9,323 7,533 31 March 2022 £000 1,207 2,181 5,777 158 9,323 |
31 March 2021 £000 7,303 1,427 (1,425) 1,436 |
|---|---|---|
| 8,741 | ||
| 7,617 | ||
| 31 March 2021 £000 1,414 4,241 4,387 138 |
||
| 10,180 |
The fair value of listed investments is determined by reference to the quoted market value at the balance sheet date.
20
Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Notes to the financial statements for the year ended 31 March 2022
| 7 Debtors Amounts due within the year Other Debtors Total 8 Cash and cash equivalents Short Term Investments and Deposits Cash in hand Current Account 90 Day Notice account Total 9 Creditors Amounts falling due within one year: Other creditors Accruals and deferred income Total Amounts falling due more than one year: Accruals and deferred income Total |
31 March 2022 £000 38 38 31 March 2022 £000 - 10 640 650 31 March 2022 £000 95 569 664 74 74 |
31 March 2021 £000 10 |
|---|---|---|
| 10 | ||
| 31 March 2021 £000 - 10 818 |
||
| 828 | ||
| 31 March 2021 £000 96 184 |
||
| 280 | ||
| - | ||
| - |
10 Details of transfers between funds
There have not been any material transfers between funds in the year.
11 Related Party Transactions
The Doncaster and Bassetlaw Hospitals NHS Foundation Trust is the Corporate Trustee and sole beneficiary of the Charity. The Charity has provided funding to the Trust for approved expenditure made on behalf of the Charity. Included in the financial statements as at 31st March 2022 are Creditors of £95k (31st March 2021: £96k). As outlined in note 1.13 the charity has a Corporate Fundraiser who is paid by Doncaster & Bassetlaw Healthcare Services Limited, which is a subsidiary of the Foundation Trust and thus it is also a related party of the Charity.
Doncaster and Bassetlaw Hospitals NHS Foundation Trust's principal activity is providing public healthcare in its role as an NHS Foundation Trust.
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Doncaster & Bassetlaw Hospitals NHS Foundation Trust Charitable Funds
Notes to the financial statements for the year ended 31 March 2022
12 Fund descriptions
Unrestricted funds
These funds are amounts which are not yet designated for a particular project but also where no restriction as to how the funds can be expensed has been placed on the funds by the donor.
Designated funds
The numerous designated funds are projects or fundraising activities being run by the charity where donors can specify the money being donated is for the particular project. These funds are set as to what projects will be run and generally the funds are eligible to be transferred from one to another under the terms of the donations.
Restricted funds
These tend to be a result of one off large donations, regularly from legacies, where the funds are specified to only be spent on a particular type of work. The restrictions do not, usually, restrict the expenditure any further but a close watch it kept as to how these funds are spent and also what opportunities arise to spend the funds on prospective projects.
13 Material Fund Balances
The balance on the Fred & Ann Green Restricted Fund is £6,656k (2020/21: £6,139k)
14 Post balance sheet events
There are no post balance sheet events having a material effect on the financial statements.
15 Contingent assets
The charity recognises legacy income when it has received notification of the legacy and has sufficient certainty regarding the amount of the receipt. Where there is uncertainty over the amount of the legacy that will be received, income is not recognised until the estate has been finalised by its executors.
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