## **Wye Valley NHS Trust Umbrella Charity** Registered Charity Number: 1058898 Charitable Funds Committee Annual Report 2021-22 1 ## **CONTENTS** ## **1. Foreword** ## **2. Introduction** ## **3. Trustees’ responsibility statement** ## **4. Structure, governance and management** - 4.1 Relationship with NHS Trust - 4.2 Appointment of trustee - 4.3 Nature of governance - 4.4 Management of charity - 4.5 Risks to which the charity is exposed - 4.6 Operation of the committee - 4.7 Committee membership and attendance - 4.8 Committee membership training and induction ## **5. Objectives and activities** - 5.1 Objectives and aims - 5.2 Significant activities - 5.3 Review of activities undertaken ## **6. Achievements and performance** - 6.1 Review of operations - 6.2 Review of financial position - 6.3 Going concern - 6.4 Reserves policy - 6.5 Funding sources - 6.6 Expenditure - 6.7 Investment policy - 6.8 Fund balances ## **7. Looking to the future** - 7.1 Future plans 7.2 Charitable donations 7.3 Impact of Covid-19 ## **8. Conclusion** ## **Appendix A – Statutory information** 2 ## **1. 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. ## **2. Introduction** The trustee presents the Charitable Funds Annual Report and the independently examined financial statements for the year ended 31 March 2022. The trustees’ responsibilities are detailed in section 3 below. 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 Service 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.** ## **3. Trustees’ responsibility statement** The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; 3 - state whether applicable accounting standards have been followed; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ## **4. Structure, governance and management** ## **4.1 Relationship with NHS Trust** The Wye Valley NHS Trust Umbrella Charity 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 charitable 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 seven active funds held with balances as at 31 March 2022. 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 three restricted. The three restricted funds relate to monies held for specific purposes and include a fund to benefit staff derived from Covid-19 related donations. ## **4.2 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 2021/22 are listed in Section 4.7 and again in Appendix A. 4 ## **4.3 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 compliance 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 records 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 specific 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. ## **4.4 Management 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 Finance Department of Wye Valley NHS Trust based at Harold Street Archive Office, Hereford. 5 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. ## **4.5 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 access 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. ## **4.6 Operation of the Committee** Standing orders require meetings of the committee to be held on at least a quarterly basis. During 2021/22 the Committee met on four occasions. 6 ## **4.7 Committee membership and attendance** |**Membership of the Trust body**|**Meeting**|**Attendance**| |---|---|---| |Mr Frank Myers MBE|Committee Chair|4/4| |Mr Jon Barnes|Chief Operating Officer|1/4| |Mr Glen Burley|Chief Executive|3/4| |Mr Andrew Cottom|Non-Executive Director|3/4| |Mr Geoffrey Etule|Director of Human Resources|4/4| |Mrs Lucy Flanagan|Chief Nursing Officer|2/4| |Reverend Christobel Hargraves|Non-Executive Director|4/4| |Mr Russell Hardy|Trust Chair|4/4| |Mr Richard Humphries|Non-Executive Director|3/4| |Mrs Jane Ives|Managing Director|4/4| |Mr David Mowbray|Medical Director|0/4| |Mrs Katie Osmond|Chief Finance Officer|4/4| |Mr Andy Parker|Chief Operating Officer|1/1| |Mrs Nicola Twigg|Non-Executive Director|1/1| |**In Attendance**||| |Mr Clive Andrews|Associate Director of Finance|4/4| |Mr Alan Dawson|Director of Strategy and Planning|4/4| |Ms Katie Farmer|Fundraising Manager|2/4| |Mrs Rebecca Gratton|Associate Non-Executive Director|2/4| |Mrs Erica Hermon|Associate Director of Corporate Governa|4/4| |Mr Ian James|Associate Non-Executive Director|1/4| |Mrs Frances Martin|Associate Non-Executive Director|3/4| |Mrs Grace Quantock|Associate Non-Executive Director|4/4| |Mrs Vicky Roberts|Executive Assistant|4/4| |Mrs Nicola Twigg|Associate Non-Executive Director|3/3| Members of the committee are requested to disclose any interests for recording within the committee minutes. ## **4.8 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. 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). There were three new Executive and Non-Executive Directors appointed during 2021/22: Katie Osmond, Chief Finance Officer, commenced June 2021. Andy Parker, Chief Operating Officer, commenced March 2022. Nicola Twigg, Non-Executive Director, commenced February 2022. Two Directors left their trustee role during 2021/22, Howard Oddy, Director of Finance and Frank Myers, Non-Executive Director. 7 ## **5 Objectives and Activities** ## **5.1 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 as set out in the governing document. 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 specific purpose are applied appropriately. The trustee has not set 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 identified in the analysis of expenditure undertaken. Section 6.6 provides further information on expenditure made during the year. Whilst the trustee has previously focused on utilising monies raised for the benefit of patients and staff on an ongoing basis it has also taken a decision to support longer term fund raising with the aim of utilising funds to support larger scale developments considered as key to the trusts development. One example is the aspiration to develop a new Education Centre to support training and development of staff locally which in turn supports the development of locally based services. 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. ## **5.2 Significant activities** The Charity’s main objectives for 2021/22 mirror the strategic objectives identified in section 5.1. 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 2021/22 the committee approved the allocation of £448k of expenditure for charitable purposes (2020/21, £355k). This includes support costs of £12k (2020/21, £19k) which were incurred and £41kof expenditure in relation to 8 costs of raising funds (2020/21, £41k). The charitable funds received income of £730k during the year (2020/21, £372k). The income includes one significant legacy of £313k which has made a significant contribution to the increase in income. Overall, the total fund balance increased by £282k in-year (2020/21, £17k). During the financial year the Charity continued to focus on the funds allocated through NHS Charities Together, to which the Trust had made previous successful bids. Phase 1 included public donations to the NHS and the money raised by Captain Tom Moore. Phase 2 was launched in 2021 and was dedicated to voluntary services in order to overcome the mental wellbeing issues caused by Covid across the local health system. The Charity agreed to apply for the funding on behalf of the Herefordshire and Worcestershire Integrated Care System. The NHS Charities Together Phase 2 Grant went through the Charity’s account and was transferred to the H&W CCG. The CCG commissioned a service to meet the grant requirements and managed the procurement process and contracting. This grant funding led to the creation of the Herefordshire and Worcestershire Wellbeing and Recovery College, based on a successful pilot of the scheme in Worcestershire. This was then extended to Herefordshire in its second phase and the service was live from the 1[st ] November 2021. In addition 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 activities and training to reward and develop staff, often offering them the chance to attend conferences and courses which would not otherwise 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. ## **5.3 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. 9 ## **6. Achievements and Performance** ## **6.1 Operational Review** The charities income rose significantly compared to 2020/21 reflecting significant contributions from NHS Charities Together and also a large increase in income from legacies. Income in 2021/22 was £730k (2020/21, 372k) of which legacies contributed £352k (2020/21, £73k). Of £377k received as donations and gifts, £218k related to the second tranche of NHS Charities Together phase 2 monies. This was passed through to the CCG to assist in funding the delivery of the Wellbeing and Recovery College. The Charity continued to allocate NHS Charities Together Phase 1 funding as per its previous plan and this was almost completely spent by year end. The Charity Trustee has continued to discuss options to deliver future benefits to Trust and specifically looking at larger value contributions towards significant developments that would also potentially involve specific fund raising. The schemes under consideration include the Breast care unit and expansion of the MacMillan Renton Unit. In addition, a proposal to develop a fundraising scheme to support the re-provision of the Education Centre within a dedicated on-site facility. 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. ## **6.2 Review of financial position** As at the end of 31 March 2022, the Charity held the following investments regarding cash holdings: - Monmouthshire Building Society (30 day notice) £84k (31/03/21, £84k) In addition, the Charity held £1,557k in instant access cash accounts (31/03/21, £833k). This was held to cover the expenditure commitments at the year-end. Support and administrative costs for 2021/22 were £12k (2020/21, £19k) which covers the costs of administration to manage the charity’s portfolio of funds. This charge covers financial support (including systems) and the costs of an independent external examination to ensure governance is adhered too. The charge also covers associated staff costs to ensure timely processing of donations and expenditure. The Trust incurred £41k (2020/21, £41k) 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 10 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 2021/22. The balance of available funds totalled £825k at the 1 April 2021 and had increased to £1,107k as at 31 March 2022. 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. ## **6.3 Going concern** The charity is a going concern. The charity’s expenditure over previous years reflect its income and a planned reduction in the value of reserves in order to utilise donations 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 £74k 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 policy approved in 2018/19. 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 2022, the charity had £1,023k in unrestricted fund balances (2020/21, £677k). The value of reserves held is now significantly higher than the minimum requirement. This is due to the receipt of a significant legacy resulting in an increase in funds held and also a decision to build up reserves as part of specific fund raising aims. ## **6.5 Funding sources** Individual fundraising, donations and bequests: Income of £377k was received during the year from donations (2020/21, £293k). Legacies of £352k were received (2020/21, £73k), and investment income totalled £1k (2020/21, £6k). The following legacies were received as follows: 11 ## Table 1 – List of Legacies received |**Legacy**|**Fund**|**Value - £k**| |---|---|---| |Legacy1|General Purpose|5| |Legacy2|Eye Unit|14| |Legacy3|Eye Unit|10| |Legacy 4|Eye Unit|10| |Legacy5|General Purpose|313| |**Total value of legacies received 2021/22**||**352**| Donations were received from a large number of sources and are analysed in to the following funds: ## Table 2 – Donations by Fund |**Fund**|**Value - £k**| |---|---| |Emergencycare|53| |Endoscopy- Restricted|0| |Integrated Family Health|34| |Central Funds|28| |Urgent Care|23| |Central Funds - Restricted|239| |**Total Donations**|**377**| Individual donations received in excess of £5,000 are also listed in the table below: Table 3 – Donations in excess of £5k |**Fund**|**Donor**|**£K**| |---|---|---| |General Purpose|Hereford Lions Club|6.0| |Maternity Bereavement Suite|3 Peaks Challenge - In Memory of|8.8| |Integrated Care Division|Bromyard League of Friends|5.9| |NHSCT Stage 2|NHS Charities Together Stage 2|213.9| |Delivery Suite Refurb|Individual donor|25.0| 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. ## **6.6 Expenditure** During the last 12 months, the trustee has approved expenditure amounting to £395k (2020/21, £295k). The table below analyses the approved expenditure in to specific headings: 12 Table 4 – Main areas of expenditure |**Areas of Expenditure**|**2021/22 - £k**|**2020/21 - £k**| |---|---|---| |Patient welfare and amenities|65|124| |Staff welfare and amenities|276|39| |Staff training|36|6| |Purchase of new equipment|18|125| |**Total**|**395**|**294**| The table below provides an analysis of the high value individual items of expenditure incurred in 2021/22. Table 5 – High value items purchased |**Fund**|**Fund Name**|**Item Purchased**|**£k**| |---|---|---|---| |CF35|NHSCT Stage 2|NHS CHARITIES TOGETHER PHASE 2|196| |CF32|Covid 19 - Staff|ED Garden|29| |CF17|Eye Unit|Nidek CEM-530 Specular Microscope|14| |CF32|Covid 19 - Staff|EDC Renovations|14| |CF32|Covid 19 - Staff|Halo Support - 12 Months|13| |CF16|Integrated Care|Images/Designs - Dementia Friendly|10| |CF32|Covid 19 - Staff|Interactive Screens|9| |CF32|Covid 19 - Staff|Commemorative Art work|8| ## **6.7 Investment policy** The Charity’s investment policy followed in 2021/22 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. ## **6.8 Fund balances** The Charity aims to ensure that all funds maintain a positive balance, which was the case in 2021/22. ## **7. Looking to the future** ## **7.1 Future Plans** During 2021/22, the Charity worked to develop plans for a major fundraising initiative for the coming period. This centred on the development of a new dedicated Breast Unit at the County Hospital but as a national NHS Capital programme for Community Diagnostics Centres was announced it was felt that this scheme could be potentially delivered through NHS capital instead, 13 as part of a CDC in Hereford City. In March 2022 the Charity agreed to pause a fundraising campaign for a Breast Unit and began to focus on the developing scheme to deliver a new Education Centre on the County Hospital site and agreed to explore this proposal in more detail during 2022/23. This scheme was one of three proposals put to the Committee for consideration and was felt to be the next highest priority. The Committee agreed to develop a strategic outline case for the Education Centre to consider the scale of building, location and costs. ## **7.2 Charitable donations** The Trust is fortunate to receive charitable donations from patients, service users, members of the public and charities. This enables continued work to further enhance the facilities and provide additional equipment. ## **7.3 Impact of Covid-19** The Covid-19 pandemic continued to have an impact on fundraising and income to charitable funds. This continued to be partially mitigated through the receipt of a share of funds raised nationally, through NHS Charities Together. Funds raised have been ring-fenced for the benefit of staff, patients and the public in line with the aims of national fund-raising. The Charity aims to spend monies donated without adding significantly to reserves. Therefore any changes to income will be managed through necessary reductions in expenditure on equipment and staff and patient welfare. ## **8. Conclusion** Based on the information presented and discussed at the Committee meetings during the year we have concluded that the Committee is operating in accordance with its Board-approved written Terms of Reference and Department of Health requirements. It has overseen the appropriate control and allocation of Charitable Funds at Wye Valley NHS Trust. ## **Mr Frank Myers MBE Charitable Funds Committee Chairman** Appendix A ## **STATUTORY INFORMATION** ## **Wye Valley NHS Trust Umbrella Charity** |Registered Charity Number:|1058898| |---|---| |Charity Name:|Wye Valley NHS Trust Umbrella Charity| |Address:
Members of Charity Trustee:
External Auditor:|Wye Valley NHS Trust
County Hospital
27 Union Walk
HEREFORD
HR1 2ER| ||Mr Russell Hardy
Mr Frank Myers MBE
Mr Geoffrey Etule
Mrs Katie Osmond
Mrs Lucy Flanagan
Mr Glen Burley
Mrs Jane Ives
Mr David Mowbray
Mr Andy Parker
Mr Jon Barnes
Mr Richard Humphries
Mr Andrew Cottom
Mrs Nicola Twigg
Reverend Christobel Hargraves| ||Deloitte UK LLP
Four Brindleyplace
Birmingham
B1 2HZ| |Bankers:|Barclays Bank plc (Instant Access Deposit Account)
Hereford Branch
1-3 Broad Street
Hereford
HR4 9BH.
Monmouthshire Building Society (30 day notice)
Monmouthshire House
John Frost Square
Newport
NP20 1PX.
Nationwide Building Society (Instant Access)
PO Box 1111
Swindon
SN3 1TH| |Governing Document:|Declaration of Trust dated 2 October 1996| |Operational Management of Charities
administration:|Mrs Katie Osmond| 15 ## **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 2022 which comprise the statement of financial activities, 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 8 January 2024 ||Wye ValleyNHS Trust Umbrella Charity|Wye ValleyNHS Trust Umbrella Charity|Wye ValleyNHS Trust Umbrella Charity|CharityNo|1058898| |---|---|---|---|---|---| ||Annual accounts for theperiod||||| ||**Period start date**|**01-Apr-21**|**To**|**31-Mar-22**|| ||||||| |**Section A**|**Statement of financial activities**||||| |**Recommended categories by**
te
**activity**
No
**Incoming resources**
**Income and endowments from:**
Donations and legacies
3.
Investments
3
**_Total_**
**Resources expended**
**Expenditure on:**
Raising funds
4.
Charitable activities
4.
Support costs
4.
**_Total_**
**Net (expenditure)/income before investment**
**gains**
**Net (expenditure)/income**
**Other recognised (losses)/gains**
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward
**_Total funds carried forward_**
10.||**Unrestricted**
**funds**
**£000**|**Restricted**
**income**
**funds**
**£000**|**Total funds**
**£000**|**Prior year**
**funds**
**£000**| |||489|240|729|366| |||1|0|1|6| |||490|240|730|372| ||||||| |||41|0|41|41| |||94|301|395|295| |||9|3|12|19| |||144|304|448|355| ||||||| ||||||| |||346|(64)|282|17| |||346|(64)|282|17| ||||||| |||346|(64)|282|17| ||||||| |||677|148|825|808| |||1,023|84|1,107|825| ## **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**
**£000**|**Restricted**
**income**
**funds**
**£000**|**Total this**
**year**
**£000**|**Total last**
**year**
**£000**| |---|---|---|---|---|---| |||84|0|84|84| |||1,473|84|1,557|833| |||1,557|84|1,641|917| ||||||| |||534|||92| |||||534|| ||||||| |||1,023|84|1,107|825| ||||||| |||1,023|84|1,107|825| ||||||| |||1,023|84|1,107|825| ||||||| ||||84|84|148| |||1,023||1,023|677| |||1,023|84|1,107|825| ||||||| |||e
Signatur||Print Name|Date of
approval
dd/mm/yyyy| |||||Katie Osmond|13/12/23| |||||Frank Myers|| **Notes to the accounts** ## **Section C** ## 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 2021/22 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. **Section C** **Notes to the accounts (cont)** ## **Note 2 Accounting policies** ## **2.1 INCOME** |**Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
·
it is more likely than not that the trustees will receive the resources; and

the monetary value can be measured with sufficient reliability.
**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).
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.
**Tax reclaims on**
**donations and gifts**
**Contractual income and**
**performance related**
**grants**
**Donated goods**
**Donated services and**
**facilities**
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.
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.
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 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.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
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.
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.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
**Income from interest,**
**royalties and dividends**
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**Membership subscriptions received in the nature of a gift are recognised in Donations
**subscriptions**
**Settlement of insurance**
**claims**
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.
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.|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| ||||| **Investment gains and losses** Yes No N/a  This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **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.
**Governance and support**Support costs include governance costs. Governance costs comprise all costs involving
**costs**
**Grants with performance**
**conditions**
**Grants payable without**
**performance conditions**
public accountability of the charity and its compliance with regulation and good practice.
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.
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.
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.
**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 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**
**2.3 ASSETS**
**Tangible fixed assets for**
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.
The charity has no tangible fixed assets.
**use by charity**
As there are no tangible assets, depreciation does not apply.
**Intangible fixed assets**
**Heritage assets**
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 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.
**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.
**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.
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| ||||| **Section C** **Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Note 3**
**Analysis of income**|**Analysis of income**||||| |---|---|---|---|---|---| |**Analysis**
**Donations**
**and legacies:**
Donations andgifts
Gift Aid
Legacies
**Total**
**Income from**
**investments:**
Interest income
**Total**
**TOTAL INCOME**|**Analysis**|**Unrestricted**
**funds**
**£000**|**Restricted**
**income**
**funds**
**£000**|**Total funds**
**£000**|**Prior year**
**£000**| ||Donations andgifts|137|240|377|292| ||Gift Aid|||0|1| ||Legacies|352||352|73| ||**Total**|489|240|729|366| ||||||| ||Interest income|1||1|6| |||1|0|1|6| ||||||| |||490|240|730|372| ## **Other information:** **Total income includes legacies received to the value of £352k. This includes one significant legacy of £313k. The total value of donations also includes a donation of £214k from the NHS Chrities Together national fund formed to distribute nationally received donations.** **Section C** **Notes to the accounts** **(cont)** |**Note 4**
**Analysis of**
**Analysis**
**Expenditure on raising funds:**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**|**expenditure**
**This year**
**Last year**
**Restricted**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**
**£000**| |---|---|---|---|---|---|---|---|---| |Fundraising agents|41|0||41|41|0|0|41| |**Total expenditure on raising funds**
**Expenditure on charitable activities:**|41|0|0|41|41|0|0|41| |||||||||| |Patients welfare and amenities|56|9||65|109|16|0|125| |Staff welfare and amenities|9|268||277|25|14|0|39| |Staff Training|9|9||18|6|0|0|6| |Contributions to NHS:||||0|0|0|0|0| |Purchase of new equipment|20|15||35|125|0|0|125| |Miscellaneous||||0|0|0|0|0| |**Total expenditure on charitable**
**activities**
**Expenditure on support costs:**||||||||| ||94|301|0|395|265|30|0|295| |||||||||| |Support and adminstrative costs|9|3||12|19|0|0|19| |**Total**|9|3|0|12|19|0|0|19| |**TOTAL EXPENDITURE**||||||||| ||**144**|**304**|**0**|**448**|**325**|**30**|**0**|**355**| ## **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**|||||||| |Patient welfare and amenities|65||12|77|125|0|8|133| |Staff welfare and amenities|277|||277|39|0|3|42| |Staff training|18|||18|6|0|0|6| |Contributions to NHS||||0|0|0|8|8| |Purchase of new equipment|35|||35|125|0|0|125| |**Total**|**395**|**0**|**12**|**407**|**295**|**0**|**19**|**314**| Expenditure incurred during the year includes £196k paid to Hereford & Worcestershire CCG to fund the provison of a staff welfare support service. The service was funded from a donation from NHS Charities Together. Support costs identified above includes governance costs of £1k in respect of the accounts external examination fee (2020/21, £1k). Support costs also includes administrative staff and office costs. ## **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| **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.** |**Analysis of current asset investments**
**Cash or cash equivalents**
**Total**|**This year**|**Last year**| |---|---|---| ||**£000**|**£000**| ||84|84| ||84|84| |||| **Notes to the accounts** **(cont)** ## **Section C** ## **Note 7 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ ## **7.1 Analysis of creditors** |**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**| |534|92|0|0| |534|92|0|0| **Section C** **Notes to the accounts (cont)** ## **Note 8 Cash at bank and in hand** |**Note 8**
**Cash at bank and in hand**||| |---|---|---| |**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**
**Cash at bank and on hand**
**Other**
**Total**|**This year**
**£000**|**Last year**
**£000**| ||0|0| ||1,553|829| ||4|4| ||0|0| ||1,557|833| |||| **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** **This year Last year** None identified None identified None. None. **Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made** **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|114|179|(30)|263| |Integrated FamilyHealth|U|Healthcare|21|34|(11)|44| |Central funds|U|Healthcare|78|190|(47)|221| |EmergencyCare|U|Healthcare|464|87|(56)|495| |Central funds|R|Staff(related to Covid-19 donations)|130|214|(304)|40| |Central funds|R|Deliverysuite refurbishment|0|26|0|26| |EmergencyCare|R|Endoscopy|18|0|0|18| |**Total Funds**|||**825**|**730**|**(448)**|**1,107**| ## **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|138|13|(37)|114| |Integrated FamilyHealth|U|Healthcare|75|13|(67)|21| |Central funds|U|Healthcare|176|67|(165)|78| |EmergencyCare|U|Healthcare|401|119|(56)|464| |Central funds|R|Staff(related to Covid-19 donations)|0|160|(30)|130| |EmergencyCare|R|Endoscopy|18|0|0|18| |**Total Funds**|||**808**|**372**|**(355)**|**825**| **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.** |**linked to the charity.**|||||||| |---|---|---|---|---|---|---|---| |**Directors of the**
**trustee**|**Legal authority (eg order,**
**governing document)**|**Duration**|**Amounts paid or benefit value**||||| ||||**Remun-**
**eration**
**(bands of**
**£5,000)**|**Pension**
**related**
**benefit**
**(bands of**
**£2,500)**|**Redun-**
**dancy**
**(including**
**loss of**
**office) /ex**
**gratia**|**Other**
**taxable**
**benefits**
**(nearest**
**£100)**|**TOTAL**
**(bands of**
**£5k)**| |**H Oddy**|**Director of Finance**|**To May '21**|15-20||||**15-20**| |**K Osmond**|**Chief Finance Officer**|**Started Jun-**
**21**|95-100|5-7.5|||**105-110**| |**L Flanagan**|**Chief Nursing Officer**||105-110|25-27.5|||**130-135**| |**J Barnes**|**Chief Transformation and**
**Delivery Officer (formerly**
**Chief Operating Officer**|**New post**
**comm Mar-**
**22**|115-120|22.5-25|||**140-145**| |**A Parker**|**Chief Operating Officer**|**Started Mar-**
**22**|5-10||||**5-10**| |**G Burley**|**Chief Executive**||45-50|||1,600|**45-50**| |**J Ives**|**Managing Director**||135-140|10-12.5||5,200|**150-155**| |**D Mowbray**|**Chief Medical Officer**||180-185|40-42.5|||**220-225**| |**G Etule**|**Chief People Officer**||100-105|22.5-25||1,400|**125-130**| |**R Hardy**|**Chairman**||15-20||||**15-20**| |**F Myers MBE**|**Non Executive Director**|**To Feb-22**|10-15||||**10-15**| |**R Humphries**|**Non Executive Director**||10-15||||**10-15**| |**A Cottom**|**Non Executive Director**||10-15||||**10-15**| |**C Hargraves**|**Non Executive Director**||10-15|||1,100|**10-15**| |**N Twigg**|**Non Executive Director**|**Started Feb-**
**22**|0-5||||**0-5**| _**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** **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**|**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**|**Staff/patient welfare and**
**equipment**|**448**|**534**|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**|**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**|**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.