WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2022-23 GENERAL CHARITY - FUNDS HELD ON TRUST ## **West Midlands Ambulance Service NHS Trust General Charity** |**Address**|**Ambulance Headquarters**| |---|---| ||**Millennium Point**| ||**Waterfront Business Park**| ||**Waterfront Way**| ||**Brierley Hill**| ||**West Midlands**| ||**DY5 1LX**| |**Independent**|**Azets Audit Services Ltd**| |**Examiners**|**1st Floor, Copthall House**| ||**1 New Road**| ||**STOURBRIDGE**| ||**West Midlands**| ||**DY8 1PH**| |**Bankers**|**Royal Bank of Scotland Plc**| ||**Government Bnkg Serv Branch**| ||**EC2M 4BA**| |**Investment**|**C.C.L.A. Investment Management Ltd.**| |**Managers**|**80 Cheapside**| ||**London**| ||**EC2V 6DZ**| |**Legal**|**Mills and Reeve**| |**Advisors**|**54 Hagley Road**| ||**Edgbaston**| ||**BIRMINGHAM**| ||**B16 8PE**| ## **TRUSTEES ANNUAL REPORT for the year ending 31 March 2023** ## **Introduction** The Trustees present their Annual Report and Financial Statements of the Trust for the year ended 31[st] March 2023. The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity Governing document, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and reporting by Charities (effective 1 January 2019). Funds Held on Trust are invested and accounted for separately from other income received by West Midlands Ambulance Service University NHS Foundation Trust for the provision of healthcare. Members of the West Midlands Ambulance Service University NHS Foundation Trust Board are jointly the Corporate Trustee of the funds. As Corporate Trustee, they are responsible for the administration of the funds and are required to maintain separate accounts and provide information to the Charity Commissioners. Day to day administration is managed through policies and procedures contained within Standing Financial Instructions and operated by the Director of Finance. 1 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2022-23 GENERAL CHARITY - FUNDS HELD ON TRUST The Trust receives donations, grants and legacies from patients and other members of the public. The funds which amounted to £220k at 31 March 2023 are used for purposes relating to the NHS. ## **Background** Upon establishment as an NHS Trust, West Midlands Ambulance Service NHS Trust became entitled to a proportion of the General Donated Funds of West Midlands Regional Health Authority. These funds were transferred to the Trusteeship of West Midlands Ambulance Service NHS Trust (WMAS) by Statutory Instrument No: 2434 coming into force on 13 October 1995. The value of funds transferred was £101,000. The fund was registered with the Charity Commission by Deed of Trust dated 13 September 1996. ## **Establishment** The registered number of the Charity is 1058359. The Charity Corporate Trustee is West Midlands Ambulance Service University NHS Foundation Tru Executive and Non-Executive Directors are Trustees of the Charity. Its Directors are: - |||_Appointed:_| |---|---|---| |_Professor Ian Cumming_|_Chair_|_1 April 2020_| |Mrs Wendy Farrington-|_Non-Executive Director_|_26 January 2017_| |Chadd||| |_Mrs Narinder Kaur Kooner_|_Non-Executive Director_|_5 November 2018_| |_Mr M Khan_|_Non-Executive Director_|_1 October 2019_| |_Mr M Fessal_|_Non-Executive Director_|_1 January 2021_| |_Mrs L Bayliss-Pratt_|_Non-Executive Director_|_1 April 2021_| |_Mrs J Jasper_|_Non-Executive Director_|_13 October 2022_| |_Professor Anthony Marsh_|_Chief Executive_|_1 January 2013_| |_Dr A Walker_|_Medical Director_|_2 December 2019_| |_Mr Mark Docherty_|_Director of Nursing, Quality and_|_17 November 2014_| ||_Clinical Commissioning_|| |_Mrs Karen Rutter_
|_Director of Finance_|_1 March 2022 to 31_| |||_August 2022 &_| |||_1 May 2023_| |_Mr Paul Jarvis_
|_Interim Director of Finance_|_15 August 2022 to_| |||_30 April 2023_| The policy and procedure for the induction of Board members is linked to Organisational Development Programme. All Trustees are provided with a Trustee and Governor Development Plan at induction, the contents of which are reviewed by the Trustee and Governor Development Group. 2 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2022-23 GENERAL CHARITY - FUNDS HELD ON TRUST ## **Objectives, activities and achievements** As in previous years, the availability of funds has enabled the service to improve facilities for staff at several sites, to provide recreational amenities such as audio visual and computing equipment and provide assistance towards the cost of sporting activities which staff undertake in their own time. The funds also allow staff to apply for support to pursue study interests which promote individual development consistent with the aims and objectives of the Service as a whole. Both managers and staff wish to record the appreciation which is due to members of the public whose support enables the Service to enhance the level of facilities it is able to provide from other sources of income. The trustees confirm that they have referred to the guidance contained in the Charity ## **Investment Policy** Surplus funds that are available over that required to meet any immediate needs of the Charity are invested to earn interest. Funds for the longer term are invested with advice of the investment managers ensuring a diversification of investment equity and non-equity to reduce risk while preserving capital value and producing return consistent with prudent investment. We rely upon our investment advisers CCLA Investment Management Ltd for an ethical investment policy. ## **Reserves Policy** The charity does not intend to create or retain significant reserves. There are no significant ongoing commitments which require the retention of specific funds. Delay between receipts and identification of suitable purposes has resulted in some accumulation of reserves. ## **Risk Management** The Trustees have reviewed the risks facing the Charity and concluding that it has no operational areas so no risk exists in that respect. There is a risk that the value of investments held will fluctuate. ts are regularly reviewed for their performance and returns. Financial reserves are invested in order to achieve a balanced spread of risk in consultation with investment advisors. 3 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2022-23 GENERAL CHARITY - FUNDS HELD ON TRUST ## **Financial Performance and Summary** These accounts have been prepared on a receipts and payments basis in accordance with the Charity Commission publication CC16 **----- Start of picture text -----**
Summary of Income & Expenditure 2022-23 2021-22
£000 £000
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|**Summary of Income & Expenditure**
**2022-23**
**£000**
**2021-22**
**£000**|**Summary of Income & Expenditure**
**2022-23**
**£000**
**2021-22**
**£000**|**Summary of Income & Expenditure**
**2022-23**
**£000**
**2021-22**
**£000**| |---|---|---| |Total Income
Total Expenditure
Net
incoming/(outgoing)
before
transfers
Cash fund balances at 1 April
**Cash fund balances at 31 March**|234
(618)
(384)
604
**220**|548
(217)
331
273
**604**| **----- Start of picture text -----**
Statement of Assets & Liabilities 31 March 31 March
2023 2022
£000 £000
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|**Statement of Assets & Liabilities**
**31 March**
**2023**
**£000**
**31 March**
**2022**
**£000**|**Statement of Assets & Liabilities**
**31 March**
**2023**
**£000**
**31 March**
**2022**
**£000**|**Statement of Assets & Liabilities**
**31 March**
**2023**
**£000**
**31 March**
**2022**
**£000**| |---|---|---| |||| |Cash funds
Investment Assets
Liabilities|220
4
(95)|604
4
(315)| The above is a summary of the main statutory financial statements which have been subject to independent examination. Anyone wishing to receive a full set of these accounts should apply to: Mrs K Rutter, Director of Finance West Midlands Ambulance Service University NHS Foundation Trust Millennium Point Waterfront Business Park Waterfront Way Brierley Hill West Midlands DY5 1LX 4 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 The accounts of the West Midlands Ambulance Service NHS Trust General Charity. ## **FOREWORD** These accounts have been prepared on a receipts and payments basis and in accordance with the requirements of the Charities Act 2011. ## **STATUTORY BACKGROUND** The West Midlands Ambulance Service NHS Trust General Charity are registered with the Charity Commission (Charity Registration Number 1058359). ## **MAIN PURPOSE OF THE FUNDS HELD ON TRUST** The main purpose of the Charitable Funds Held on Trust is to apply income for any charitable purpose relating to the National Health Service wholly or mainly for the services provided by West Midlands Ambulance Service NHS Trust. Signed by: on behalf of the Trustees on the 29.11.23 . OFFICIAL - Business data that is not intended for public consumption. However, this can be shared with external partners, as required. **WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY** 2022-23 ## **Statement of trustees' responsibilities** The Trustees are responsible for: fmancial with requirements in • keeping proper accounting records which disclose with reasonable accuracy at any time the position of the funds held on trust and to enable them to ensure that the accounts comply the Charities Act 2011; - establishing and monitoring a system of internal control; and - establishing arrangements for the prevention and detection of fraud and corruption. The trustees are required under the Charities Act 2011 to prepare accounts for each fmancial year. In preparing those accounts, the trustees are required to: - apply on a consistent basis accounting policies; - make judgements and estimates which are reasonable and prudent; and • state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. The trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing the accounts. The fmancial statements set out on pages 3 to 12 attached have been compiled from and are in accordance with the fmancial records maintained by the Trustee. By Order of the Trustee Signed: Trustee .. .. .. .. .. .. .. .. .. ... .. ... .. .. ... .. ... .. .. ... .. ... .. .. ... .. ... .. .. ... .. . Date 29.11.23 Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Date 29.11.23 **Page 1** ## **Independent Examiner's Report to the Trustees of West Midlands Ambulance Service General Charity** **I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023.** ## **Responsibilities and basis of report** **As the cha[rity'] s trustees you are res[p] onsible for the preparation of the accounts in accordance with the[req] uirements of the Charities Ad 2011 (the Act'). I report in res[pect ] of my examination of the chari[ty] 's accounts carried out under section 145 of the Act and in canying out** _my_ **examination I have followed all the applicable Directions given by the Chari[ty ] Com ission under section 145[(5)(b) ] of the 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[g] iving me cause to believe that in any material res[pect] :** **1. accountin[g ] records were not kept in respect of the charity as required by section 130 of the 2011 Ad; or 2. the accounts do not accord with those records[; ] or** - **3. the accounts do 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.** **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.** **Jane Swann BA[(] Hons[) ] BFP FCA** ## **Azets** - **1[st ] Floor** **Co[p] thall House** **1 New Road** **Stourbridge** **West Midlands DY81PH** **United Kingdom** **Dated: ...29.11.23............................ .** **Page2** WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 Income and Expenditure for the year ended 31 March 2023 2022-23 Total Funds £000 2021-22 Total Funds £000 Note Unre5tricled Funds £000 Reslricled Funds £000 Income Donations & Grants 17 206 223 548 Legacies Investment Income Total Income 28 206 234 548 Expenditure Staff We￿are 37 64 101 153 Patients Wellare and amenities 506 506 60 Governance costs 11 Total expenditure 48 570 618 217 Net incomel(expenditure 1201 13641 13841 331 Cash funds brought fonNard 108 496 604 273 Cash funds carried forward 88 132 220 604 The notes al pages 5 to 12 form part of these accounts. Page 3 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 ## **Statement of Assets & Liabilities as at 31 March 2023** ||Note|Unrestricted|Restricted|**Total at 31**|Total at 31| |---|---|---|---|---|---| |||Funds|Funds|**March 2023**|March 2022| |||£000|£000|**£000**|£000| |**Cash funds**|||||| |Cash at bank and in hand|10|88|132|**220**|604| |**Investment Assets**|||||| |Investments|8|4|0|**4**|4| |**Liabilities**|||||| |Other creditors|11|48|47|**95**|315| The notes at pages 5 to 12 form part of these accounts. Signed: Date: 29.11.23 Page4 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 Notes to the Accounts Accountlng Pollcles Accountlng Conventlon The financial statements have been prepared on a receipts and payments basis in accordance with the Charity Commission CC16 structure of Funds Where there 15 a leLFal restriction on the purpose to which a ￿nd may be put. the fuiid is classified as a re.gtricled inci)mEfuKdwhere the donor has provided for the donatioii to be spent in furtheraiice of a specified cl)aritable purpose. Those fui)ds which are not restricted income funds. are unreslricted income]und5 which are sub analysed beti*een designated (L'ormarked).fvn£ts wl)ere the donor has made known their non binding wishes or where the trustees, at their discretioii, have created a specific fund foi a specific purpose, and Ivholly reslricted}unds which are wholly at the trustees, unfettered discretion. The major funds held in each of these categories are disclosed in note 12 Page 5 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 Allocation of Overhead and Support Costs Overhead and support costs have been allocated as a direct cost or apportioned on an appropriate basis be￿een Charitable and Governan￿ Costs. Costs which are not wholly attributable to an expenditure type have been apportioned. The analysis of overhead and support costs and the basis of allocation is shown in note 4. Costs of Charitable Activities comprise all expenditure identified as wholly or mainly incurred in the pursuit of the charitable objects of the Charity. These costs are direct costs together with an apportionment of overhead and support costs as shown in the second stage allocation disclosed in note 4. Governan￿ Costs comprise all costs idenliliable as Whol￿ or mainly attributable to ensuring the public accountability of the Charity and its compliance with regulation and good practice. These costs Include costs related to independent examination together with an apportionment of overhead and support costs. b) Fixed Asset Investments The Common Investment Funds Units are included in the Statement of Assets and Liabilities al the closing dealing price al 31 st March 2023. In line with the receipts and payments basis of preparation, the net gains and losses arising on revaluation throughout the year are not reflected in the accounts, only the sale and purchase of such assets. Page 6 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 Pooling Scheme The Charity does not operate a pooling scheme. Related party transactions During the year none of the Trustees, as listed below, or members of the key management staff or parties related to them has undertaken any material transactions with the West Midlands Ambulance servi￿ NHS Trust General Charity. Professor A C Marsh, Chief Executive Mr P Jarvis, Interim Director of Finance Ifrom 15 August 2022 until 30 April 20231 Mrs K Rutter, Interim Director of Finance lunlil 31 August 20221 Mrs K Rutter, Director of Finance Ifrom 1 May 20231 Mr M Docherty, Director of Nursing, Quality & Clinical Commissioning Dr A Walker, Medical Director Professor I Cumming, Chair Mrs L Bayliss-Pratt, Non-Executive Director Mrs W Farrington-chadd, Non-Exe¢utive Director Mrs N Kaur Kooner, Non-Execulive Director Mr M Khan, Non-Exe¢utive Director Mr M Fessal, Non-Executive Director Mrs J Jasper, Non-Executive Director (from 13 October 20221 The Charitable Trust has expenditure from the West Midlands Ambulance Service University NHS Foundation Trust where the Trustee (whose names are listed above) are also members of the Trust Board of the Corporate Trustee. Expenditure from West Midlands Ambulance Service University NHS Foundation Trust." 2022-23 '£DOO 2021-22 £'ooo Staff Welfare Costs Support staff costs Patient Welfare costs 95 150 506 609 60 212 As at 31 March 2023, the Charity owed Wesl Midlands Ambulance Service NHS Trust £46k (£0 March 20221. Page 7 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 Analysis of Income Unrestricted Funds £000 Restricted Funds £000 Total Total 2022-23 2021-22 £000 £000 Donations from individuals Grants from NHS Charities Together Total Donations & Grants Legacies Investment Income Total Voluntary Income 17 10 196 206 27 196 223 15 533 548 17 28 206 234 548 Analysis of Expenditure Grant funded Activity £000 101 506 Support Costs £000 Total Total 2022-23 2021-22 £000 £000 101 153 506 60 11 Staff Welfare Patients Welfare and Amenities GovernanTr costs 607 11 618 217 Governance Costs Total Allocate to Residual to 2022-23 Governance Apportion Basis of Allocation £000 £000 £000 Staff Welfare Patients Welfare and Amenities Independent Examiner Allocated on lime O Allocated on lime O Governance 11 11 Grants paid to individuals There have been no grants made to individuals during the year 2022123 or during the year 202 IQ2 Analysis of Staff Costs No staff are directly employed by the Charity12021122 nil) Costs of support stsff, of £7,630, are Included in the figure for support costs detailed In note 4. 12022.. £2,152) Support staff are provided by West Midlands Ambulance Service, the Corporate Trustee, in a financial and administrative role. The charge is based on the number of staff hours worked to provide the service. Independent Examlners Remuneratlon The independent examiners remunerationlaccounlancy fees of £2,70012022.' £1,440) related solely lo independent examination work. The Charity did not commission any additional work from the accountant. Page 8 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 Analysis of Fixed Asset Investmonts Movements during the year 2022-23 2021-22 £000 £000 Market value al stsrt of year Less.. Disposals at carying value Add.. Acquisitions al cost Net gain on revaluation Market value al end of year Historic cost at year end Market value at 31 March 2023 Held inUK £000 2022-23 2021-22 Total Totsl £000 £000 Cost Units Investments in Common Deposit or Common Investment Fund COIF Equity Fund COIF Deposit Fund It is the policy of the Charity to invest in Common Investment Funds designed specifically for charities which ensures a balanced portfolio and minimises risk. There are no direct investments made tsutside of the UK by the Charity. Both cominon investhient fund holdings are material and are disclosed. Total gross income from Investments Held inUK £000 2022-23 2021-22 Total Totsl £000 £000 Fixed Asset Investments Interest from business current account Cash held in High Interest Bearing Account Page 9 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 Analysls of Current Assets Debtors: 2022-23 2021-22 Total Total £000 £000 Amounts falling due within one year.. other debtors Total debtors falling due within one year Amounts falling due after more than one year- Totsl debtors falling due after more than one year Total debtors 10 Analysis of cash and deposits 2022-23 2021-22 Total Total £000 £000 Royal Bank of Scotland Lloyds TSB Business Account Na￿est Business Account 220 604 220 604 11 Liabilities 2022-23 2021-22 11.1 Amounts falling due within one yoar.. Other creditors Total creditors falling due within one year £000 95 95 £000 315 315 Other creditors relate lo staff welfare and support costs incurred by West Midlands Ambulance Service University NHS Foundation Trust, for which the Charity has yet lo reimburse the Trust at 31 st March 2023. 11.2 Amounts falling due after more than one year: Total creditors falling due after more than one year Total liabilites 95 315 Page 10 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 12 Analysis of Charitable Funds Restrlcted Funds Balance Incoming Resources Transfers Gains and Balance 31 March ReSoUr￿S Expended Losses 31 March 2021-22 2022-23 £000 £000 £000 £000 £000 £000 NHS Charities Covid 19 NHS Charities Second Wave NHS Charities Starbucks NHS Charities Stage 3 NHS Charities Stage 2 Warwick Masonic Bleed Kits Total 25 191 141 121 1501 15051 16 52 413 77 119 10 206 79 27 10 132 496 15701 NHS Charities funding relates to grants made by NHS Charities Together to the charity. NHS Charities Covid 19 are funds lo be used to support the well being of NHS staff, volunteers and patients. NHS Charities Second wave are funds to be used lo support the health and well being of staff, volunteers and patients affected by the second wave of Covid-19. NHS Charities Starbucks are funds to be used lo contribute towards physical andlor mental well being of staff and volunteers. NHS Charities Stage 3 are funds to be used lo support the long recovery of the NHS from Covid 19. NHS Charities Stsge 2 are funds to be used lo support the effective partnerships be￿een the NHS and its community partners. Watwick masonic bleed kits relates to funding lo fund bleed control kits. 12.2 Unrestricted and Designated IEarmarked} Funds Balance Incoming Resources Transfers Gains and Balance 31 March Resour￿$ Expended Losses 31 March 2021-22 2022-23 £000 £000 £000 £000 £000 £000 Staff & Patient Welfare Fund 91 28 1471 72 C&W Panda lance fund C&W First responder Fund Staffordshire CFR Scheme Staffordshire CPO scheme 15 15 108 28 1481 88 The C&W First Responder Fund relates to donations made, via the WMAS Charitable fund, lo the Community First Responder funds in the Coventry and Warwickshire area, the funds will be used lo assist in the rLJnning of the community schemes on request from the Community Response Manager for the Coventry and Warwickshire area The Staffs CPO Fund relates to donations made, via the WMAS Charitable fund, to the Community First Responder funds in the Slaffordshire area, the funds will be used to assist in the running of the community schemes on request from the Community Response Manager for the Staffordshire area. Page 11 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2022-23 ## **15 Trustee and connected persons transactions** ## **15.1 Trustee expenses reimbursed** No payment of expenses have been paid to Trustees in the year 2022/23 or in the year 2021/22. ## **15.2 Trustee remuneration** No payment of remuneration has been paid to Trustees in the year 2022/23 or in the year 2021/22 ## **15.3 Details of transactions with Trustees or connected persons** There have been no transactions with Trustees or connected persons in the year 2022/23 or the year 2021/22. ## **15.4 Trustee indemnity insurance** There have been no costs of indemnity insurance included in the accounts for the year 2022/23 or the year 2021/22. ## **16 Connected organisations** **----- Start of picture text -----**
Name, nature of connection, 2022-23 2021-22
description of activities Turnover of Net Profit/ Turnover of Net Profit/
undertaken and details Connected (Loss) for the Connected (Loss) for the
of any qualifications Organisation Connected Organisation Connected
expressed by their auditors Organisation Organisation
£000 £000 £000 £000
WEST MIDLANDS AMBULANCE
SERVICE UNIVERSITY NHS
FOUNDATION TRUST 432,463 24 407,155 3,479
CORPORATE TRUSTEES
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