NHS
Wye Valley NHS Trust
Umbrella Charity
Registered Charity Number:
1058898
Charitable Funds Committee
Annual Report 2020-21
CONTENTS
Foreword
Introduction
structure, governance and management
Relationship with NHS Trust
3.2 Appointment of trustee
Nature of governance
3.4 Management of charity
3.5 Risks to which the charity is exposed
Operation of the committee
3.7 Committee membership and attendan
Committee membership training and induction
Objectives and activities
Objectives and aims
Significant activities
4.3 Review of activities undertaken
Achievements and performance
Review of operations
5.2 Review of financial position
5.3 Going concern
5.4 Reserves policy
5.5 Funding sources
5.6 Expenditure
Investment policy
5.8 Fund balances
Looking to the future
Future plans
6.2 Charitable donations
6.3 Impact of Covid-19
Conclusion
Appendix A- Statutory information
Foreword
The annual report makes reference to the Charity trustee. The trustee refers
to Wye Valley NHS Trust as a corporate entity. The Executive Directors and
Non-Executive Directors of the Trust Board share the responsibility for
ensuring that the NHS body fulfils its duties as trustee in managing the
charitable funds.
Introduction
The trustee presents the Charitable Funds Annual Report and the
independently examined financial statements for the year ended 31 March
2021.
The Accounts have been prepared in accordance with the requirements of the
Charities Acl 2011 and the Statement of Recommended Practice (SORP)
relating to Accounting and Reporting by Charities effective from 1 January
2019.
Charitable funds received by the Trust are accepted, held and administered
as funds held on trust by the corporate body for purposes relating to the
health service in accordance with the National Health Service Act 1977 and
the National Health servi and Community Care Act 1990.
Charitable funds may be used for any charitable purpose or purposes relating
to the NHS, wholly or mainly for services provided at Wye Valley NHS Trust.
Wye Valley NHS Trust is the trustee of the charitable funds. The Trust Board
devolves responsibility for the on-going management of funds to the
Charitable Funds Committee which administers the funds on behalf of the
trustee.
The trustee of the Charity would like to express its sincere appreciation
to all the members of the public and organisations who made a donation
to the trust during the year.
Structure, governance and managemont
Relationship with NHS Trust
The Wye Valley NHS Trust Umbrella Chartty was registered with the Charity
Commission in October 1996 originally as Hereford Hospitals NHS Trust
Umbrella Charity. It operates under registered charity number 1058898.
The Gharitable fund consists of a number of individual funds held. each with a
designated remit or purpose, relating to particular wards and departments
nominated by the donor. For each designated fund,.the charity manages
spending through local fund managers, (typically an operational unit manager)
who oversee the use of the funds on a day-to-day basis within the boundaries
of local guidance agreed by the trustee.
There were six active funds held with balances as at 31 March 2021. These
funds contained a number of sub-funds within which are designated for
specific purposes such as a named department, ward or specialty. Four of
the funds are held are unrestricted and two restricted. The two restricted
funds relate to monies held for a specific purpose and include a fund to
benefit staff derived from Covid-19 related donations.
3.2 Appointment of trustee
The Executive Directors and Non-Executive Directors of the Trust Board
share the responsibility for ensuring that the NHS body fulfils its duties as
trustee in managing the charitable funds. Non-Executive members of the
Trust Board were appointed by NHS Improvement. Executive members are
appointed by the Trust Board. Members are not individual trustees under
Charity Law but act as agents on behalf of the trustee. The Members for
2020121 are listed in Section 3.7 and again in Appendix A.
3.3 Nature of governance
The Charitable Funds Committee met four times during the financial year and
was required to..
Approve the trustee annual report, annual financial statements and
returns prepared in Complian with the requirements of the Charities
Commission, ensuring that they are completed, audited and submitted.
Ensure general stewardship by acting reasonably and prudently in all
matters relating to Charitable Funds.
Ensure that funds are invested to achieve as high a level of income as
possible at low risk.
Monitor the performance of deposits and investments.
Ensure that proper accounting reGords are maintained which disclose
with reasonable accuracy at any time the financial position of the funds
held in trust.
Ensure that systems of internal control and fraud prevention and
detection are rigorous and constantly maintained.
Ensure that income and property of the Charitable Fund is used for the
purpose set out in the objects of the fund and that value for money is
achieved.
Avoid any unnecessary accumulation of funds unless there is a specrfic
future use in mind which has been agreed by the budget holder with
the approval of the Charitable Funds Committee.
Oversee the implementation of Internal and Statutory Audit
recommendations.
Raise funds and invite and receive contributions which are consistent
with the objects of the Charitable Fund.
Publish an Annual Report of work carried out during the year and
outline plans for the future.
3.4 DAanagement of Charity
The Committee oversees the work of the fund managers and has the power to
revoke a fund manager's remit or, subject to any specific donor restriction,
direct the use to which funds are put. These include the unrestricted central
fund which incorporates funds held for general purposes. This fund represents
monies available for distribution by the trustee at its discretion and are not
restricted or designated for a specific purpose.
The Standing Orders of Wye Valley NHS Trust set out financial delegation
limits. Designated fund managers, who are senior managers or clinicians,
have delegated authority for each fund whilst other senior managers may be
authorised signatories.
The Director of Finance is responsible for the day-to-day management and
control of the administration of the charitable funds and reports to the
Charitable Funds Committee. The accounting records and on-going
administration of the funds are dealt with by the Finan Department of Wye
Valley NHS Trust based at Harold Street Archive Office, Hereford.
The Secretary to the Committee is the Associate Director of Corporate
Governance whose duties in this respect include taking the minutes and
keeping a record of matters arising.
3.5 Risks to which the Charity is exposed
The Charity maintains a cautious approach to risk in its investment function
and is therefore not materially exposed to risk. Funds are presently held as
cash in instant acGess and notice accounts allowing access for funds to spend
on charitable purposes.
The Charity's main risk factor relates to a potential reduction in future income.
The Trustee seeks to mitigate this by limiting long-term financial
commitments.
The Charity is not exposed to any risk in terms of longer term liabilities or
commitments to meet future expenditure. Funds are utilised for the purpose
of specific expenditure items rather than funding recurrent commitments.
3.6 Operation of tha Committee
Standing orders require meetings of the committee to be held on at least a
quarterly basis. During 2020121 the Committee met on four occasions.
3.7 Committee membershlp and attendance
Membership ofthe Trust body
Mr Frank Myers MBE
Reverend Christobel Hargraves
Mr Russell Hardy
Mr Richard Humphries
Mr Howard Oddy
Mr Geoffrey Etule
MrJon Barnes
Mr Glen Burley
Mrs Jane Ives
MrAndrew Cottom
Mr David Mowbray
.Total
Committee Chair
Non-Executive Director
Trust Chair
Non-Executive Director
DSrector of Finance and Information
Director of Human Resources
Chief Operating Officer
Chief Executive
Managing Director
Non-Executive Director
Medical Director
In Attendance
Mr Clive Andrews
Ms Katie Farmer
Associate Director of Finance
Fundralslng Manager
Executive Assistant
Director of Strategy and Planning
Associate Director of Corporate Governance
Associate Non-Executive Director
Executive Assistant
Associate Non-Executive Director
Associate Non-Executive Director
Mrs Vicky Roberts
MrAlan Dawson
Mrs Erica Hermon
Mrs Nicola Twigg
Mrs Val Jone5
Mrs Grace Quantock
Mrs Rebecca Gratton
The members of the committee were asked to disclose any interests for
recording within the committee minutes.
3.8 Committee membership training and induction
New committee members undertake training and induction in their role as an
executive or Non-Executive Director. This includes the charity trustee role.
There was one new trustee in 2020121, Mr Geoffrey Etule, Director of Human
ReSoUrs.
Executive and Non-executive Directors of Wye Valley NHS Trust are
automatically members of the Board sub-committee governing charitable
funds. The Trustee is the corporate body (the NHS Trust).
Objectives and Activities
4.1 Objectives and Aims
The object of the Charity is to apply income received from donations to any
charitable purpose or purposes relating to the National Health Service. The
trustee fulfils its legal duty by ensuring that funds are spent in accordance with
the objects of each fund and in designating funds, the trustee respects the
wishes of donors to benefit patient care and advance the good health and
welfare of patients. carers and staff.
In order to provide the best possible service to the local population, the trust
will on occasion, seek to raise resources through its charitable fund in
pursuance of a specific goal or identified target. The trustee will ensure that
funds raised for a specitic purpose are applied appropriately.
The trustee has not sel formal objectives other than the requirement that
donations are spent in accordance with the object of the fund. The activities
undertaken in pursuance of this policy are idenlified in the analysis of
expenditure undertaken. Section 5.5 provides further information on
expenditure made during the year.
The Charity operates within factors that it does not control which relate largely
to the value of donations to the funds during a given period. The Charity
minimises its on-going expenditure commitments in order to reflect this.
In order to verify adequate discharge of this function, the Charity trustee has
prepared an annual report for the Board. The actions of the trustee in
discharging its duties whilst having due regard to public benefit guidance
published by the Charities Commission is provided in more detail in the
following sections.
4.2 Significant activities
The Charity's main objectives for 2020121 mirror the strategic objectives
identified in section 4.1.
The trustee has had due regard to Charities Commission guidance contained
in the Charities (Accounts and Reports) regulations 2008 in relation to the
delivery of public benefit.
In 2020121 the committee approved the allocation of £355k of expenditure for
-charitable purposes {2019120, £817k). This includes support costs of £19k
(2019120, £18k) which were incurred and £41K of expenditure in relation to
costs of raising funds (2019120, £49k). The charitable funds received income
of £372k during the year (2019120, £320k). Overall. the total fund balance
increased by £17k in-year.
During the year the committee received spending requests provided by
business units which were subject to approval. Managers are briefed as part
of their training on the process of requesting charitable funds and the format
of applications by their business units for charitable funds.
The funds receive many donations from patients and their families specifically
given to thank the nursing, medical and support staff. These are used for
aGtivities and training to reward and develop staff, often offering them the
chance to attend conferences and courses which would not otheiSe have
been available to them. Charitable funds are also used to contribute in part or
whole to the purchase of larger items enabling Wye Valley NHS Trust to
improve its service to the people of Herefordshire.
4.3 Review of activities undertaken
The main activities undertaken by the Charity relate to the purchase of goods
and services to benefit the patients and staff of Wye Valley NHS Trust. Items
purchased through charitable funds are designed to augment revenue
expenditure undertaken by the Trust rather than replace it.
The Charity receives funds both through donations and bequests to support
the work of the Trust. Donations made to specific funds are reflected in the
fund balances and the resources are used for the purpose of the fund in
question.
Achievements and Porfomiance
Operational Review
Third party fund raising activities were significantly curtailed during the
financial year due to Covid-19. There was a consequent reduction in income
which was partially offset by the receipt of £159k from NHS Charities
Together which was tasked with distributing monies raised nationally during
the pandemic.
As a result, expenditure and commitments to spend resources were lower
during the year as the Charity aims to maintain balances in line with its
reserves policy. The Charity was still able to make a significant donation to
the new Helipad using monies donated in the previous year. In addition, the
charity has purchased various items of medical equipment and furniture as
well as spending £25k of the Covid-19 relaled donations on staff amenities.
Going forward, the charity has agreed to Commen fund raising activities in
2021122 to help to build a new dedicated Breast care unit at the County
Hospital and this will form the main part of a future fundraising strategy.
The charity continues to operate to provide benefits to staff and patients of
Wye Valley NHS Trust through the provision of financial support for
equipment and facilities.
5.2 Review of financlal position
As at the end of 31 March 2021, the Charity held the following investments
regarding cash holdings-.
Monmouthshire Building Society (30 day notice)
(31103120, £918k)
£84k
In addition, the Charity held £833k in instant access cash accounts (31103120,
£296k). This was held to cover the expenditure commitments at the year-end.
Governance and support costs for 2020121 were £19k (2019120, £18k) which
covers the costs of administration to manage the charity's portfolio of funds.
This charge covers financial support (inGluding systems) and the costs of an
independent external examination to ensure governance is adhered to. The
charge also covers associated staff costs to ensure timely processing of
donations and expenditure.
The Trust incurred £41k (2019120, £49k) on costs relating to the generation of
voluntary income and donations. The Trust employs a professional Charitable
Fundraiser to engage with the public and promote the Trust's fund raising
efforts. The Trust does not currently have a formal policy in place to ensure
that safeguards are in place to protect vulnerable people when carrying out
fund-raising activities over and above the existing provisions covering WVT
staff. A policy is being prepared to address this. The Trust also maintains
records of any complaints received and ensures that they are resolved
satisfactorily. No complaints were received in 2020121.
The balance of available funds totalled £808k at the 1 April 2020 and had
increased to £825k as at 31 March 2021.
The Trust's principal source of funding is donations and legacies received and
this constitutes the main factor affecting the Trust's ability to meet future
demands on its charitable fund resources. The Trust has due regard to this
fact when planning future expenditure.
5.3 Going Concern
The charity is a going concern. The charity's expenditure over previous years
reflect its income and a planned reduclion in the value of reserves but within
the scope of the reserves policy. Charitable expenditure is flexed in order to
reflect income received. The charities future liabilities do not exceed its ability
to fund from existing funds. At the time of the report, the Charity has future
commitments of £154k relating to committed expenditure on charitable
activities and also continues to meet the cost of a Fundraiser on an ongoing
basis.
6.4 Reserves Policy
The Charity has a reserves poSicy approved in 2018119. The Charity's
reserves policy states that minimum funds must be held equating to six
months of operating expenditure or £100k. The policy was implemented with
effect from 1 April 2018. As at 31 March 2021, the charity had £677k in
unrestricted fund balances (2019120, £790k).
5.5 Funding sources
Individual fundraising, donations and bequests..
Income of £293k was received during the year from donations {2019120,
£291 k). Legacies of £73k were received (2019120, £18k), and investment
income totalled £6k (2019120, £11k).
Donations of £293k received in 2020121 includes £1k of Gift Aid tax recovery.
The following legacies were received as follows=
Table 1 List of Le
acies received
Legacy
Fund
Value- £
Legary- I
Legacy- 2
Legacy- 3
Legacy- 4
Legacy- 5
Emergency Care (Oncology)
Central Funds (General Purposel
Emergency Care Ioncologvl
Emergency Care (Oncology)
Emergency Care (Eye Unit)
10,000
60,000
I,ioo
2,000
Total value of legacies received 2020121
73,184
Donations were received from a large number of sources and are analysed in
to the following funds..
Table 2- Donations b Fund
Fund
Value- £k
Emergenry care
Endoscopy- Restricted
Integrated Family Health
Central Funds
52
13
54
Urgent Care
Central FLJnds - Restricted
Total Donations
13
160
292
Individual donations received in excess of £5,000 are also listed in the table
below..
Table 3- Donations in excess of £5k
Fund
Donor
Central Funds - Restricted
£K
NHS Charities Together
NHS Charities Together
NHS Charities Together
NHS Charities Together
Individual donor
24.5
Central Funds - Restricted
Central Funds- Restricted
32.0
50.0
Central Funds- Restricted
' Urgent Care
Urgent Care
Emergency Care
Emergency Care
50.0
Individual donor
Individual donor
Individual donor
ij
11.7
io
The trustees of the Charity would like to express their sincere appreciation to
all the members of the public and organisations who made a donation to the
Trust during the year.
5.6 Expenditure
During the last 12 months, the trustees has approved expenditure amounting
to £295k (2019120, £750k).
The table below analyses the approved expenditure in to specific headings..
Table 4- Main areas of ex
enditure
Areas of Expenditure
2020121
-£k
124
2019120
-£k
145
Patient welfare and amenities
staff welfare and amenities
39
25
25
Staff training
Purchase of new equipment
Total
125
555
294
750
The table below provides an analysis of the high value individual items of
expenditure incurred in 2020121.
Table 5- Hi
Fund
h value items
Fund Name
urchased
Item Purchased
£k
CFOI
General Purpose
General Purpose
Integrated Care
Covid-19 Staff
Helipad
Helipad
Verathon Bladder Scanner
74
CFOI
26
CF16
CF32
Surewash
Tfr Chair and Air Cushion
io
CFIO
ITU
CF20
Oncologv
Covid-19 Staff
Rheumatology
Philips Ultrasound Probe
Other items of expenditure
Total Expenditure
Urology to Diabetes
3x Zero Recliner Chairs
27
CF32
CF13
129
295
5.7 Investment policy
The Charity's investment policy followed in 2020121 is as follows:
Funds are held as cash on deposit- to reflect need for liquidity.
The charity operates several deposit accounts with varying
notice periods.
Adoption of a prudent policy towards investment risk.
5.8 Fund balances
Th8 Charity aims to ensure that all funds maintain a positive balance which
was the case in 2020121.
Looking to the future
Future Plans
Members of the Charity trustee continue to regularly review spending plans to
reflect the changing needs of the NHS in Herefordshire and the surrounding
counties. The objective is to enhance facilities for patient care, ensuring that
both service needs and the objectives of the Charitable Fund are met.
In future the Trust will:
Control, manage and monitor the use of the fund's resources.
Continue to review the structure of funds held to enable the effective
operation of the Charity whilst reflecting the wishes of donors.
Ensure that 'best practice, is followed in the conduct of all its affairs
fulfilling all of ils legal responsibilities.
Review options for future specific fundraising opportunities.
Continue to ensure the effective utilisation of monies received by the
Charity as a share of the Covid-19 national fundraising.
Encourage fund managers to develop plans for expenditure for their
funds.
Ensure the maintenance of adequate resource across funds whilst
seeking to maximise the use of those resources.
2022 will see a major fundraising campaign launched by the Trust to create a
dedicated Breast Unit at the County Hospital and allow an expansion of the
Macmillan Renton Unit.
The new Breast unit will offer the same "one stop" seNice as the Urology
Department successfully created from charitable funds in 2019. The
expansion of the MRU will allow the Trust to create the capacity to treat
cancer patients more quickly.
The proposed location of the Breast Unit is separate from, but co-located with
the existing the MaGmillan Renton Unit with the aim being to prevent patients
being required to move between departments for assessment, diagnosis and
treatment. A business case to support the proposal is being developed.
The Charitable Funds Committee has also resolved to create two bursary
nds of £2k pa each in memory of two members of staff, Mr Howard Oddy,
Director of Finance and Mr Mel Bolton, a longstanding member of the Trust's
operational management team, both of whom passed away in 2021. The
bursaries will be time-limited to five years and will support management
development within the trust.
12
6.2 Charitable donatlons
The Trust is fortunat8 to receive charitable donatlons from patients, servlcè
users, members of the public and charities. This enables continued work to
furth8r 8nhanGe the facilities and provide additional equipment.
6.3 Impact of Covid-19
The Covid-19 pandemlc contlnues to have an impact on fundraising and
income lo charitable funds. This is partially mitigated Ihrough the recelpt of a
sh8re.of funds raised nationally. Funds raised have been rlng-fenced for the
benefit of staff in line.with the aims of national fund.-raising.
The charity aims to spend monies donated without adding significantly to
reserv6s. Therefore any changes to income will be managed through .
necessary reductions in expenditure on equipment and 8taff and patient
welfare.
Concluslon
Based on the Information presen18d and discussed at the tommittee
meetings during the year we have concluded that the Commi1188 Is operating
In accordance with its Board-approved written Terms of Reference and
Department of Health requirements. It has overseen the appropriate control
and allocatlon of Charitable Funds at Wye Valley NHS Trust.
wtrF
ers MBE
Charitable Funds Committee Chalrman.
13
endix A
STATUTORY INFORMATION
W e Vallo
NHS Trust Umbrella Chari
Registered Charity Number.
1058898
Charity Name..
Wye Valley NHS Trust Umbrella Charity
Wye Valley NHS Trust
County Hospital
27 Unlon Walk
HEREFORD
HR12ER
Mr Russell Hardy
Mr Geoffrty Etulo
Mr Howard Oddy
Lucy F18n8gan
Mr Glen Burfey
Mrs Jane lles
Mr Da¥id Mowbray
Mr Frank Myers MBE
Mr Jon Barnes
Mr Richard Humphrfes
Mr Andrew Cottotn
Add$$..
Members ol Charity Trustee..
Rekpr8nd Chrislob81 H8igTaKes
Deloitte UK LLP
Four 8rindleyplace
Birmiroham
B1 2HZ
Barclays Bank plc Ilnstant kccess Deposit Account)
Her8ford Branc
1-3 Broad Street
Herefry
HR4 98H.
Extemal Auditor..
Monmoulhshir8 Building Socigty130 d8y notlca}
Monmoulhshile House
John Frost Square
Newport
NP20 1PX
Bankers..
Nationwde Building Siety Ilnstsnt Access}
PO Box 1111.
Swnck)n
SN3 1TH
G0MIng Document..
Declaration ol Trust dated 2 October ig
Operational Management ol Charitles
administration..
Mr HtrNard Oddy
14
||Wye ValleyNHS Trust Umbrella Charity|Wye ValleyNHS Trust Umbrella Charity|Wye ValleyNHS Trust Umbrella Charity|CharityNo|1058898|
|---|---|---|---|---|---|
||Annualaccountsforthe period|||||
||**Period start date**|**01-Apr-20**|**To**|**31-Mar-21**||
|||||||
|**Section A**|**Statement of financial activities**|||||
|**Recommended categories by**
**activity**
Note
**Incoming resources**
**Income and endowments from:**
Donations and legacies
3.
Investments
3
**Resources expended**
**Expenditure on:**
Raising funds
4.
Charitable activities
4.
Support costs
4.
**_Reconciliation of funds:_**
10.
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net (expenditure)/income before investment**
**gains**
**Net (expenditure)/income**
**Other recognised** **(losses)/gains**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**funds**
**£000**
**£000**
**£000**
**£000**
F01
F02
F04
F05||||
|||206|160|366|309|
|||6|0|6|11|
|||212|160|372|320|
|||||||
|||41|0|41|49|
|||265|30|295|750|
|||19|0|19|18|
|||325|30|355|817|
|||||||
|||(113)|130|17|(497)|
|||(113)|130|17|(497)|
|||||||
|||(113)|130|17|(497)|
|||||||
|||790|18|808|1,305|
|||677|148|825|808|
All prior year income and expenditure is represented by unrestricted funds. Prior year support costs have been restated from charitable funds to support costs.
1
**Section B Balance sheet**
|**Current assets**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year**
**_Net current assets_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Restricted income funds**
**Unrestricted funds**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
6.
8.
7.
10.
10.|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|
|---|---|---|---|---|---|
|||84|0|84|918|
|||674|159|833|296|
|||758|159|917|1,214|
|||||||
|||81|11|92|406|
|||||||
|||677|148|825|808|
|||||||
|||677|148|825|808|
|||||||
|||677|148|825|808|
|||||||
|||0|148|148|18|
|||677|0|677|790|
|||677|148|825|808|
|||||||
|||Signature||Print Name|Date of
approval
dd/mm/yyyy|
|||||Katie Osmond|08/02/2022|
2
**Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## Confirmed
## **1.2 Going concern**
The charity is a going concern. The charity's expenditure in 2020/21 reflects income received plus a movement in the value of reserves within the scope of the reserves policy. Charitable expenditure is flexed in order to reflect income received. The charity does not have significant future liabilities it is obliged to meet.
The major funds held in each of these categories are disclosed in Note 10. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. There are no material uncertainties affecting the current year’s financial statements.
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
## **1.3 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period.
## **1.4 Material prior year errors**
No material prior year error have been identified in the reporting period.
3
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
## **2.1 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other
income in the SoFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
· it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS [Financial Reporting Standard] 102 SORP [Statement of recommended
practice] or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
4
**Investment gains and** This includes any realised or unrealised gains or losses on the sale of investments and **losses** any gain or loss resulting from revaluing investments to market value at the end of the year.
|**2.3 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**2.2 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**losses**
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has no tangible fixed assets.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The only governance costs incurred relate to the cost of the independent examination of
the accounts and annual report. The cost incurred in the current and prior year was £1k.
**Governance and support**
**costs**
Support costs include governance costs. Governance costs comprise all costs involving
public accountability of the charity and its compliance with regulation and good practice.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
The charity has no heritage assets, that is, no non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. Depreciation rates
and methods do not apply.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS 102 SORP.
**Tangible fixed assets for**
**use by charity**
As there are no tangible assets, depreciation does not apply.
The charity has no intangible fixed assets, that is, no non-monetary assets that do not
have physical substance but are identifiable and are controlled by the charity through
custody or legal rights. Therefore amortisation rates and methods do not apply.
The charity has creditors which are measured at settlement amounts less any trade
discounts.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date.
**Basic financial**
**instruments**
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset**
**investments**
The charity has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
||
|||
||Yes
No
N/a|||
|||||
5
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
|**Note 3 Analysis of income**|**Analysis of income**|||||
|---|---|---|---|---|---|
|Donations and gifts
GiftAid
Legacies
**Total**
Interestincome
**Total**
**Analysis**
**Donations**
**and legacies:**
**TOTAL INCOME**
**Income from**
**investments:**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£000**
**£000**
**£000**
**£000**||||
||Donations and gifts|132|160|292|290|
||GiftAid|1|0|1|1|
||Legacies|73|0|73|18|
||**Total**|206|160|366|309|
|||||||
||Interestincome|6|0|6|11|
|||6|0|6|11|
|||||||
|||212|160|372|320|
## **Other information:**
## **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
The income identified includes significant contributions in the form of one legacy of £60,000.
The Trust has also been in receipt of income donations totalling £158,600 from NHS Together, the national charity formed to receive and distribute donations arising from the Covid-19 pandemic. This is recorded within the Restricted income funds category.
6
## **Section C Notes to the accounts (cont)**
## **Note 4 Analysis of expenditure**
|**Note 4 Analysis of**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|
|---|---|---|---|---|---|---|---|---|
|**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**This year**
**Last year**||||||||
|Fundraising agents|41|0|0|41|49|0|0|49|
|**Expenditure on charitable activities:**
**Total expenditure on raising funds**|41|0|0|41|49|0|0|49|
||||||||||
|Patients welfare and amenities|109|16|0|125|145|0|0|145|
|Staff welfare and amenities|25|14|0|39|25|0|0|25|
|Staff Training|6|0|0|6|25|0|0|25|
|Contributions to NHS:|0|0|0|0|0|0|0|0|
|Purchase of new equipment|125|0|0|125|555|0|0|555|
|Miscellaneous|0|0|0|0|0|0|0|0|
|**Total expenditure on charitable**
**activities**
**Expenditure on support costs:**|265|30|0|295|750|0|0|750|
||||||||||
|Support and adminstrative costs|19|0|0|19|18|0|0|18|
|**TOTAL EXPENDITURE**
**Total**
|19|0|0|19|18|0|0|18|
||||||||||
||**325**|**30**|**0**|**355**|**817**|**0**|**0**|**817**|
## **Other information:**
## **Analysis of expenditure on charitable activities and support costs:**
||**Thisyear**|**Thisyear**|**Thisyear**|**Thisyear**|**Lastyear**|**Lastyear**|**Lastyear**|**Lastyear**|
|---|---|---|---|---|---|---|---|---|
|**Activity or programme**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total last**
**year**|
||**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**||||||||
|Patientwelfare and amenities|125|0|8|133|145|0|3|148|
|Staff welfare and amenities|39|0|3|42|25|0|1|26|
|Stafftraining|6|0|0|6|25|0|1|26|
|Contributions toNHS|0|0|8|8|0|0|0|0|
|Purchase of newequipment|125|0|0|125|555|0|13|568|
|**Total**|**295**|**0**|**19**|**314**|**750**|**0**|**18**|**768**|
Support costs identified above includes governance costs of £1k in respect of the accounts external examination fee (2019/20, £1k). Support costs also includes administrative staff and office costs.
7
**Section C Notes to the accounts**
## **Note 5 Details of certain items of expenditure**
## **5.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
## **Independent examiner’s fees**
|**Thisyear**|**Lastyear**|
|---|---|
|**£000**|**£000**|
|1|1|
8
**Section C Notes to the accounts (cont)**
**Note 6 Investment assets**
## **6.1 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.**
|**Total**
**Analysis of current asset investments**
**Cash or cash equivalents**|**This year**|**Last year**|
|---|---|---|
||**£000**|**£000**|
||84|918|
||84|918|
9
**Section C Notes to the accounts (cont)**
## **Note 7 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **7.1 Analysis of creditors**
**Trade creditors Total**
|**Amounts falling due within**
**oneyear**|**Amounts falling due within**
**oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|
|**This year**
**£000**|**Last year**
**£000**|**This year**
**£000**|**Last year**
**£000**|
|92|406|0|0|
|92|406|0|0|
10
**Section C Notes to the accounts (cont)**
## **Note 8 Cash at bank and in hand**
|**Note 8 Cash at bank and in hand**|||
|---|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£000**|**Last year**
**£000**|
||0|0|
||829|0|
||4|296|
||0|0|
||833|296|
11
**Section C Notes to the accounts (cont)**
## **Note 9 Events after the end of the reporting period**
## _**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the**_
|**Please provide details of the nature of the**
**event**
**Provide an estimate of the financial effect**
**of the event or a statement that such an**
**estimate cannot be made**|**Thisyear**
**Lastyear**|**Thisyear**
**Lastyear**|
|---|---|---|
||None identified|Covid 19 pandemic|
||||
||None.|No impact on the accounts for
2019/20 but there may have been
an effect on the value of future
donations with an attendant impact
on the ability of the charity to fund
expenditure for Hospital equipment
and facilities|
12
**Section C Notes to the accounts (cont)**
## **Note 10 Charity funds**
## **10.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type R or U***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Fund**
**balances**
**carried**
**forward**|
|---|---|---|---|---|---|---|
||||**£000**|**£000**|**£000**|**£000**|
|Urgent Care|U|Healthcare|138|13|(37)|114|
|Integrated Family Health|U|Healthcare|75|13|(67)|21|
|Central funds|U|Healthcare|176|67|(165)|78|
|Emergency Care|U|Healthcare|401|119|(56)|464|
|Central funds|R|Staff (related to Covid-19 donations)|0|160|(30)|130|
|Emergency Care|R|Endoscopy|18|0|0|18|
|**Total Funds**|||**808**|**372**|**(355)**|**825**|
## **10.2 Details of material funds held and movements during the PREVIOUS reporting period**
## _*** Key: R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type R or U***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Fund**
**balances**
**carried**
**forward**|
|---|---|---|---|---|---|---|
||||**£000**|**£000**|**£000**|**£000**|
|Urgent Care|U|Healthcare|190|26|(78)|138|
|Integrated Family Health|U|Healthcare|160|55|(140)|75|
|Central funds|U|Healthcare|517|141|(482)|176|
|Emergency Care|U|Healthcare|420|98|(117)|401|
|Emergency Care|R|Endoscopy|18|0|0|18|
|**Total Funds**|||**1,305**|**320**|**(817)**|**808**|
13
**Section C Notes to the accounts (cont)**
## **Note 11 Transactions with trustees and related parties**
## **11.1 Trustee remuneration and benefits**
**In the period the charity trustees have received remuneration and benefits from Wye Valley NHS Trust which is linked to the charity.**
|**the charity.**|||||||
|---|---|---|---|---|---|---|
|**Directors of the trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|||||
|||**Remuneration**
**(bands of £5,000)**|**Pension**
**related**
**benefit**
**(bands of**
**£2,500)**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**TOTAL**
**(bands of**
**£5k)**|
|||**£000**
**£000**
**£000**
**£000**
**£000**|||||
|**Mrs Sue Smith**|**WVT Exec Director**|20-25|0-2.5|0|0|**20-25**|
|**Mr Howard Oddy**|**WVT Exec Director**|115-120|22.5-25|0|0|**135-140**|
|**Mrs Lucy Flanagan**|**WVT Exec Director**|100-105|30-32.5|0|0|**135-140**|
|**Mr Jon Barnes**|**WVT Exec Director**|115-120|142.5-145|0|0|**255-260**|
|**Mr Glen Burley**|**WVT Exec Director**|45-50|0|0|2|**45-50**|
|**Mrs Jane Ives**|**WVT Exec Director**|135-140|25-27.5|0|5|**165-170**|
|**Mr David Mowbray**|**WVT Exec Director**|170-175|27.5-30|0|0|**200-205**|
|**Mr Geoffrey Etule**|**WVT Exec Director**|75-80|15-17.5|0|7|**95-100**|
|**Mr Russell Hardy**|**WVT Chairman**|15-20|0|0|0|**15-20**|
|**Mr Frank Myers MBE**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
|**Mr Richard Humphries**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
|**Mr Andrew Cottom**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
|**Revd Christobel Hargraves**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
_**Please give details of why remuneration or other employment benefits were paid.**_
**The remuneration paid relates to trustees roles as Executive and Non-Executive Directors of Wye Valley NHS Trust which is the host body and beneficiary of the Wye Valley NHS Trust Umbrella Charity.**
## **11.2 Trustee Director's expenses**
_**If the charity has paid expenses to Director's for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
**TRUE**
14
**Section C Notes to the accounts (cont)**
## **11.3 Transaction(s) with related parties**
**Details of transactions undertaken by the charity in which a related party has a material interest, including where funds have been held as agent for related parties are detailed below. No donations were received from any of the charity trustees.**
## **This year**
**There were related party transactions in the reporting period**
|**Name of the trustee**
**or related party**|**Relationship to charity**|**Description of**
**the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision**
**for bad**
**debts at**
**period**
**end**|**Amounts**
**written off**
**during**
**reporting**
**period**|
|---|---|---|---|---|---|---|
|||**£000**
**£000**
**£000**
**£000**|||||
|**Wye Valley NHS Trust**|**The Directors of the Trust are**
**members of the Trustee of the**
**charity**|**Staff/patient**
**welfare and**
**equipment**|**355**|**92**|0|0|
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
Wye Valley NHS Trust makes payments on behalf of the charitable fund which are then fully reimbursed by the charity. All charitable purchases are made in line with procedures in place to authorise the use of funds. The arrangements for payment ensure that purchases are made in accordance with processes and systems in place ensuring financial governance and value for money. Funds to cover purchases by the charity are reimbursed to the trust.
_**For any related party, please provide details of any guarantees given or received.**_
No guarantees were given or received. Operating processes exist between the two related parties as described above.
## **Last year**
**There were related party transactions in the reporting period**
|**Name of the trustee**
**or related party**|**Relationship to charity**|**Description of**
**the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision**
**for bad**
**debts at**
**period**
**end**|**Amounts**
**written off**
**during**
**reporting**
**period**|
|---|---|---|---|---|---|---|
||**£000**
**£000**
**£000**
**£000**||||||
|**Wye Valley NHS Trust**|**The Directors of the Trust are**
**members of the Trustee of the**
**charity**|**Staff/patient**
**welfare and**
**equipment**|**817**|**406**|0|0|
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
Wye Valley NHS Trust makes payments on behalf of the charitable fund which are then fully reimbursed by the charity. All charitable purchases are made in line with procedures in place to authorise the use of funds. The arrangements for payment ensure that purchases are made in accordance with processes and systems in place ensuring financial governance and value for money. Funds to cover purchases by the charity are reimbursed to the trust.
_**For any related party, please provide details of any guarantees given or received.**_
No guarantees were given or received. Operating processes exist between the two related parties as described above.
15
## **INDEPENDENT EXAMINER’S REPORT TO THE WYE VALLEY NHS TRUST UMBRELLA CHARITY**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE WYE VALLEY NHS TRUST UMBRELLA CHARITY**
I report to the trustees on my examination of the accounts of The Wye Valley NHS Trust Umbrella Charity (“the Charity”) for the year ended 31 March 2021 which comprise the income and expenditure account, the balance sheet and the related notes 1 to 11.
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**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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.
Michelle Hopton FCA for and on behalf of Deloitte LLP Leeds, United Kingdom
31 January 2022
16
||Wye ValleyNHS Trust Umbrella Charity|Wye ValleyNHS Trust Umbrella Charity|Wye ValleyNHS Trust Umbrella Charity|CharityNo|1058898|
|---|---|---|---|---|---|
||Annualaccountsforthe period|||||
||**Period start date**|**01-Apr-20**|**To**|**31-Mar-21**||
|||||||
|**Section A**|**Statement of financial activities**|||||
|**Recommended categories by**
**activity**
Note
**Incoming resources**
**Income and endowments from:**
Donations and legacies
3.
Investments
3
**Resources expended**
**Expenditure on:**
Raising funds
4.
Charitable activities
4.
Support costs
4.
**_Reconciliation of funds:_**
10.
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net (expenditure)/income before investment**
**gains**
**Net (expenditure)/income**
**Other recognised** **(losses)/gains**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**funds**
**£000**
**£000**
**£000**
**£000**
F01
F02
F04
F05||||
|||206|160|366|309|
|||6|0|6|11|
|||212|160|372|320|
|||||||
|||41|0|41|49|
|||265|30|295|750|
|||19|0|19|18|
|||325|30|355|817|
|||||||
|||(113)|130|17|(497)|
|||(113)|130|17|(497)|
|||||||
|||(113)|130|17|(497)|
|||||||
|||790|18|808|1,305|
|||677|148|825|808|
All prior year income and expenditure is represented by unrestricted funds. Prior year support costs have been restated from charitable funds to support costs.
1
**Section B Balance sheet**
|**Current assets**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year**
**_Net current assets_**
**_Total assets less current liabilities_**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Restricted income funds**
**Unrestricted funds**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Note
6.
8.
7.
10.
10.|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total this**
**year**
**Total last**
**year**
**£000**
**£000**
**£000**
**£000**|
|---|---|---|---|---|---|
|||84|0|84|918|
|||674|159|833|296|
|||758|159|917|1,214|
|||||||
|||81|11|92|406|
|||||||
|||677|148|825|808|
|||||||
|||677|148|825|808|
|||||||
|||677|148|825|808|
|||||||
|||0|148|148|18|
|||677|0|677|790|
|||677|148|825|808|
|||||||
|||Signature||Print Name|Date of
approval
dd/mm/yyyy|
|||||Katie Osmond|08/02/2022|
2
**Section C Notes to the accounts**
## Note 1 **Basis of preparation**
## _**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## Confirmed
## **1.2 Going concern**
The charity is a going concern. The charity's expenditure in 2020/21 reflects income received plus a movement in the value of reserves within the scope of the reserves policy. Charitable expenditure is flexed in order to reflect income received. The charity does not have significant future liabilities it is obliged to meet.
The major funds held in each of these categories are disclosed in Note 10. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. There are no material uncertainties affecting the current year’s financial statements.
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
## **1.3 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period.
## **1.4 Material prior year errors**
No material prior year error have been identified in the reporting period.
3
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
## **2.1 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other
income in the SoFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
· it is more likely than not that the trustees will receive the resources; and
the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS [Financial Reporting Standard] 102 SORP [Statement of recommended
practice] or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
These are included in the Statement of Financial Activities (SoFA) when:
the charity becomes entitled to the resources;
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
4
**Investment gains and** This includes any realised or unrealised gains or losses on the sale of investments and **losses** any gain or loss resulting from revaluing investments to market value at the end of the year.
|**2.3 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**2.2 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**losses**
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has no tangible fixed assets.
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The only governance costs incurred relate to the cost of the independent examination of
the accounts and annual report. The cost incurred in the current and prior year was £1k.
**Governance and support**
**costs**
Support costs include governance costs. Governance costs comprise all costs involving
public accountability of the charity and its compliance with regulation and good practice.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
The charity has no heritage assets, that is, no non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. Depreciation rates
and methods do not apply.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 11.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS 102 SORP.
**Tangible fixed assets for**
**use by charity**
As there are no tangible assets, depreciation does not apply.
The charity has no intangible fixed assets, that is, no non-monetary assets that do not
have physical substance but are identifiable and are controlled by the charity through
custody or legal rights. Therefore amortisation rates and methods do not apply.
The charity has creditors which are measured at settlement amounts less any trade
discounts.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date.
**Basic financial**
**instruments**
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Current asset**
**investments**
The charity has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
||
|||
||Yes
No
N/a|||
|||||
5
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
|**Note 3 Analysis of income**|**Analysis of income**|||||
|---|---|---|---|---|---|
|Donations and gifts
GiftAid
Legacies
**Total**
Interestincome
**Total**
**Analysis**
**Donations**
**and legacies:**
**TOTAL INCOME**
**Income from**
**investments:**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total funds**
**Prior year**
**£000**
**£000**
**£000**
**£000**||||
||Donations and gifts|132|160|292|290|
||GiftAid|1|0|1|1|
||Legacies|73|0|73|18|
||**Total**|206|160|366|309|
|||||||
||Interestincome|6|0|6|11|
|||6|0|6|11|
|||||||
|||212|160|372|320|
## **Other information:**
## **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
The income identified includes significant contributions in the form of one legacy of £60,000.
The Trust has also been in receipt of income donations totalling £158,600 from NHS Together, the national charity formed to receive and distribute donations arising from the Covid-19 pandemic. This is recorded within the Restricted income funds category.
6
## **Section C Notes to the accounts (cont)**
## **Note 4 Analysis of expenditure**
|**Note 4 Analysis of**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|
|---|---|---|---|---|---|---|---|---|
|**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**This year**
**Last year**||||||||
|Fundraising agents|41|0|0|41|49|0|0|49|
|**Expenditure on charitable activities:**
**Total expenditure on raising funds**|41|0|0|41|49|0|0|49|
||||||||||
|Patients welfare and amenities|109|16|0|125|145|0|0|145|
|Staff welfare and amenities|25|14|0|39|25|0|0|25|
|Staff Training|6|0|0|6|25|0|0|25|
|Contributions to NHS:|0|0|0|0|0|0|0|0|
|Purchase of new equipment|125|0|0|125|555|0|0|555|
|Miscellaneous|0|0|0|0|0|0|0|0|
|**Total expenditure on charitable**
**activities**
**Expenditure on support costs:**|265|30|0|295|750|0|0|750|
||||||||||
|Support and adminstrative costs|19|0|0|19|18|0|0|18|
|**TOTAL EXPENDITURE**
**Total**
|19|0|0|19|18|0|0|18|
||||||||||
||**325**|**30**|**0**|**355**|**817**|**0**|**0**|**817**|
## **Other information:**
## **Analysis of expenditure on charitable activities and support costs:**
||**Thisyear**|**Thisyear**|**Thisyear**|**Thisyear**|**Lastyear**|**Lastyear**|**Lastyear**|**Lastyear**|
|---|---|---|---|---|---|---|---|---|
|**Activity or programme**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total last**
**year**|
||**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**||||||||
|Patientwelfare and amenities|125|0|8|133|145|0|3|148|
|Staff welfare and amenities|39|0|3|42|25|0|1|26|
|Stafftraining|6|0|0|6|25|0|1|26|
|Contributions toNHS|0|0|8|8|0|0|0|0|
|Purchase of newequipment|125|0|0|125|555|0|13|568|
|**Total**|**295**|**0**|**19**|**314**|**750**|**0**|**18**|**768**|
Support costs identified above includes governance costs of £1k in respect of the accounts external examination fee (2019/20, £1k). Support costs also includes administrative staff and office costs.
7
**Section C Notes to the accounts**
## **Note 5 Details of certain items of expenditure**
## **5.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
## **Independent examiner’s fees**
|**Thisyear**|**Lastyear**|
|---|---|
|**£000**|**£000**|
|1|1|
8
**Section C Notes to the accounts (cont)**
**Note 6 Investment assets**
## **6.1 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.**
|**Total**
**Analysis of current asset investments**
**Cash or cash equivalents**|**This year**|**Last year**|
|---|---|---|
||**£000**|**£000**|
||84|918|
||84|918|
9
**Section C Notes to the accounts (cont)**
## **Note 7 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **7.1 Analysis of creditors**
**Trade creditors Total**
|**Amounts falling due within**
**oneyear**|**Amounts falling due within**
**oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|
|**This year**
**£000**|**Last year**
**£000**|**This year**
**£000**|**Last year**
**£000**|
|92|406|0|0|
|92|406|0|0|
10
**Section C Notes to the accounts (cont)**
## **Note 8 Cash at bank and in hand**
|**Note 8 Cash at bank and in hand**|||
|---|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£000**|**Last year**
**£000**|
||0|0|
||829|0|
||4|296|
||0|0|
||833|296|
11
**Section C Notes to the accounts (cont)**
## **Note 9 Events after the end of the reporting period**
## _**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the**_
|**Please provide details of the nature of the**
**event**
**Provide an estimate of the financial effect**
**of the event or a statement that such an**
**estimate cannot be made**|**Thisyear**
**Lastyear**|**Thisyear**
**Lastyear**|
|---|---|---|
||None identified|Covid 19 pandemic|
||||
||None.|No impact on the accounts for
2019/20 but there may have been
an effect on the value of future
donations with an attendant impact
on the ability of the charity to fund
expenditure for Hospital equipment
and facilities|
12
**Section C Notes to the accounts (cont)**
## **Note 10 Charity funds**
## **10.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type R or U***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Fund**
**balances**
**carried**
**forward**|
|---|---|---|---|---|---|---|
||||**£000**|**£000**|**£000**|**£000**|
|Urgent Care|U|Healthcare|138|13|(37)|114|
|Integrated Family Health|U|Healthcare|75|13|(67)|21|
|Central funds|U|Healthcare|176|67|(165)|78|
|Emergency Care|U|Healthcare|401|119|(56)|464|
|Central funds|R|Staff (related to Covid-19 donations)|0|160|(30)|130|
|Emergency Care|R|Endoscopy|18|0|0|18|
|**Total Funds**|||**808**|**372**|**(355)**|**825**|
## **10.2 Details of material funds held and movements during the PREVIOUS reporting period**
## _*** Key: R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type R or U***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**|**Income**|**Expenditure**|**Fund**
**balances**
**carried**
**forward**|
|---|---|---|---|---|---|---|
||||**£000**|**£000**|**£000**|**£000**|
|Urgent Care|U|Healthcare|190|26|(78)|138|
|Integrated Family Health|U|Healthcare|160|55|(140)|75|
|Central funds|U|Healthcare|517|141|(482)|176|
|Emergency Care|U|Healthcare|420|98|(117)|401|
|Emergency Care|R|Endoscopy|18|0|0|18|
|**Total Funds**|||**1,305**|**320**|**(817)**|**808**|
13
**Section C Notes to the accounts (cont)**
## **Note 11 Transactions with trustees and related parties**
## **11.1 Trustee remuneration and benefits**
**In the period the charity trustees have received remuneration and benefits from Wye Valley NHS Trust which is linked to the charity.**
|**the charity.**|||||||
|---|---|---|---|---|---|---|
|**Directors of the trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|||||
|||**Remuneration**
**(bands of £5,000)**|**Pension**
**related**
**benefit**
**(bands of**
**£2,500)**|**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**|**Other**|**TOTAL**
**(bands of**
**£5k)**|
|||**£000**
**£000**
**£000**
**£000**
**£000**|||||
|**Mrs Sue Smith**|**WVT Exec Director**|20-25|0-2.5|0|0|**20-25**|
|**Mr Howard Oddy**|**WVT Exec Director**|115-120|22.5-25|0|0|**135-140**|
|**Mrs Lucy Flanagan**|**WVT Exec Director**|100-105|30-32.5|0|0|**135-140**|
|**Mr Jon Barnes**|**WVT Exec Director**|115-120|142.5-145|0|0|**255-260**|
|**Mr Glen Burley**|**WVT Exec Director**|45-50|0|0|2|**45-50**|
|**Mrs Jane Ives**|**WVT Exec Director**|135-140|25-27.5|0|5|**165-170**|
|**Mr David Mowbray**|**WVT Exec Director**|170-175|27.5-30|0|0|**200-205**|
|**Mr Geoffrey Etule**|**WVT Exec Director**|75-80|15-17.5|0|7|**95-100**|
|**Mr Russell Hardy**|**WVT Chairman**|15-20|0|0|0|**15-20**|
|**Mr Frank Myers MBE**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
|**Mr Richard Humphries**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
|**Mr Andrew Cottom**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
|**Revd Christobel Hargraves**|**WVT Non-Exec Dir**|10-15|0|0|0|**10-15**|
_**Please give details of why remuneration or other employment benefits were paid.**_
**The remuneration paid relates to trustees roles as Executive and Non-Executive Directors of Wye Valley NHS Trust which is the host body and beneficiary of the Wye Valley NHS Trust Umbrella Charity.**
## **11.2 Trustee Director's expenses**
_**If the charity has paid expenses to Director's for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
**No trustee expenses have been incurred (True or False)**
**TRUE**
14
**Section C Notes to the accounts (cont)**
## **11.3 Transaction(s) with related parties**
**Details of transactions undertaken by the charity in which a related party has a material interest, including where funds have been held as agent for related parties are detailed below. No donations were received from any of the charity trustees.**
## **This year**
**There were related party transactions in the reporting period**
|**Name of the trustee**
**or related party**|**Relationship to charity**|**Description of**
**the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision**
**for bad**
**debts at**
**period**
**end**|**Amounts**
**written off**
**during**
**reporting**
**period**|
|---|---|---|---|---|---|---|
|||**£000**
**£000**
**£000**
**£000**|||||
|**Wye Valley NHS Trust**|**The Directors of the Trust are**
**members of the Trustee of the**
**charity**|**Staff/patient**
**welfare and**
**equipment**|**355**|**92**|0|0|
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
Wye Valley NHS Trust makes payments on behalf of the charitable fund which are then fully reimbursed by the charity. All charitable purchases are made in line with procedures in place to authorise the use of funds. The arrangements for payment ensure that purchases are made in accordance with processes and systems in place ensuring financial governance and value for money. Funds to cover purchases by the charity are reimbursed to the trust.
_**For any related party, please provide details of any guarantees given or received.**_
No guarantees were given or received. Operating processes exist between the two related parties as described above.
## **Last year**
**There were related party transactions in the reporting period**
|**Name of the trustee**
**or related party**|**Relationship to charity**|**Description of**
**the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision**
**for bad**
**debts at**
**period**
**end**|**Amounts**
**written off**
**during**
**reporting**
**period**|
|---|---|---|---|---|---|---|
||**£000**
**£000**
**£000**
**£000**||||||
|**Wye Valley NHS Trust**|**The Directors of the Trust are**
**members of the Trustee of the**
**charity**|**Staff/patient**
**welfare and**
**equipment**|**817**|**406**|0|0|
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
Wye Valley NHS Trust makes payments on behalf of the charitable fund which are then fully reimbursed by the charity. All charitable purchases are made in line with procedures in place to authorise the use of funds. The arrangements for payment ensure that purchases are made in accordance with processes and systems in place ensuring financial governance and value for money. Funds to cover purchases by the charity are reimbursed to the trust.
_**For any related party, please provide details of any guarantees given or received.**_
No guarantees were given or received. Operating processes exist between the two related parties as described above.
15
## **INDEPENDENT EXAMINER’S REPORT TO THE WYE VALLEY NHS TRUST UMBRELLA CHARITY**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE WYE VALLEY NHS TRUST UMBRELLA CHARITY**
I report to the trustees on my examination of the accounts of The Wye Valley NHS Trust Umbrella Charity (“the Charity”) for the year ended 31 March 2021 which comprise the income and expenditure account, the balance sheet and the related notes 1 to 11.
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**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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.
Michelle Hopton FCA for and on behalf of Deloitte LLP Leeds, United Kingdom
31 January 2022
16