OpenCharities

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2021-03-31-accounts

Foreward
Reference and Administrative Details
Trustee
Legal and Administrative Details
1.Charity Governance, Structure and Managment Arrangements
2.Goals, Objectives and Activities
3.Grant Making
Policy
4.Financial
Policy
5.Plans for future periods 13
Financial Accounts 14
Statements ofTrustee Responsibilities 14
Independent
Examiners		 Report 15
Statement ofFinancial Activities 17
Balance Sheet 18
Statement ofCashflow 19
Accounting
Policies		 20

I ~
S Tilton
C Burdon
SPeak
R Mackie
JAustin
C Lavalette
RSedgwick
I Burrows

Portfolio Value (K)
Fixed Interest 185,269 13.71%
Property Investments 49,427 3.66%
Structured Products 49,983 3.70%
UK Equities 339,617 25.13%
Overseas Equity Funds 687,083 5084%
Absolute Return Fund 4D 169 2.97%
Portfolio Total ~~148 &1QJPla
Area 2021 2020
UK 44.3% 52.1%
USA 30.4% 24.5%
Japan 3.4% 2.9%
Asia Pacific 52% 4.6%
Other European markets 5.7% 5.5%
Emerging Markets 1.6% 1.4%
General global investments 9.4% 9.0%
eographic al spread ofthe portfolio was as follows:
Area 2021 2020
UK 44.3o/o 52.1%
USA 30.4% 24.5%
Japan 3.4% 2.9%
Asia Pacific 5.2% 4.6%
Other European markets 5.7% 5.5%
Emerging Markets 1.6% 1.4%
General global investments 9.4% 9.0%

2020/21 2020/21 2020/21 2019/20
Note Total Total Total Total
unrestricted restricted funds Funds
Funds Funds
E'000 R'000 K'000 R'000
Income from:
Donations
and legacies		 193 14 207 114
Investments 31 31 40
Total income 224 14 238 154
Expenditure
on:
Raising funds (45) (45) (52)
Charitable
activities:
—Patient welfare (37) (13) (50) (49)
-Staff education and welfare ~126 0 ~126 ~43
Total expenditure (208) (13) (221) (144)
Net gains/(losses) on investments 12 276 0 276 ~100
Net income/(expenditure) 292 293 (90)
Transfers
between funds		 0 0 0
Net movement
in		 funds
Reconciliation
of		 funds
Total funds brought
forward		 871 410 1,281 1,371
Total funds carried forward ~163

Total un- Total Total Total
restricted restricted funds funds
funds funds
Note 31 March 31 March 31 March 31 March
2021 2021 2021 2020
E'000 E'000 E'000 f'000
Fixed Assets:
Investments 12 987 365 1 352 1 115
Total fixed assets
Current assets:
Debtors 13 6
Cash and cash equivalents 14 182 228 175
Total current assets
Liabilities:
Creditors: Amounts falling due 15 0
within one year
Net current assets 176 46 222 166
Total net assets
The funds ofthe charity 16
Restricted income funds 0 411 411 410
Unrestricted
funds		 1 163 0 1163 871
Total funds

(a) Basis ofpreparation (a) Basis ofpreparation
2020/21 2019/20
Note Total Total
funds Funds
K'000 E'000
Cash flows from operating activities:
Net cash provided by (used in) operating activities 17 ~22
Cash flows from investing activities:
Dividends,
interest		 and rents from investments 5 31 39
Proceeds from the sale of investments 12 220 164
Purchase of investments 12 ~180 ~108
Net cash provided by (used in) investing activities 71 95
Change
in cash and cash equivalents		 in the reporting 73
Cash and cash equivalents at the beginning ofthe reporting 175 101
period
Cash and cash equivalents at the end of the reporting period 14 228 175

2a.Unrestricted
f		 unds —Statement ofFinancial Activity for the year ended 31 March 2021
2020/21 2019/20
R'000 E'000
Income
Donations
and legacies		 193 48
Investments 31 40
Total income ~24
Expenditure
Raising funds (45) (52)
Charitable
activities		 ~163 ~88
Total expenditure M4R
Net gains/(losses) on investments 276 ~100
Net income/(expenditure) 292 (152)
Transfer between funds
Net movement
in		 funds
Reconciliation
of		 funds
Total funds brought forward 871 1,023
Total funds carried forward 1,163 871
2021 2020
Unrestricted
funds —Balance Sheet as at 31 March 2021		 E'000 E'000
Fixed Assets
Investments 987 750
Total fixed assets
Current assets
Debtors 0
Cash and cash equivalents 182 130
Total current assets
Liabilities
Creditors: Amounts falling due within one year
Net current assets 176 121
Total net assets
Total unrestricted funds 8Z1
2b. Restricted fu n ds —Statement ofFinancial Activity forth e year ended 31 March 202
2020/21 2019/20
f.'000 R'000
Income
Donations
and legacies		 14 66
Investments 0 0
Total income
Expenditure
Raising funds
Charitable
activities		 0
~13		 0
~4
Total expenditure
Net gains/(losses) on investments 0 0
Net income/(expenditure) 62
Transfer between funds
Net movement
in		 funds
Reconciliation
of		 funds
Total funds brought forward 410 348
Total funds carried forward
Restricted funds —Balance Sheet as at 31 March 2021
2020 2019
F'000 f'000
Fixed Assets
Investments 365 365
Total fixed assets
Current assets
Debtors
Cash and cash equivalents 45
Total current assets
Liabilities
Creditors: Amounts falling due within one year 0
Net current assets 46 45
Total net assets
Total unrestricted funds

Unrestricted Restricted Total Total
funds funds 2020/21 2019/20
F'000 E'000 F'000 F'000
Donations from individuals 47 0 47 42
Donations from corporations 0 10 10 0
Funds from other NHS Charities 146 0 146 0
Legacies 0 4 72
Total

oss incom e from in v estments
Unrestricted Restricted Total Total
funds funds 2020/21 201920
E'000 F'000 E'000 E'000
Investments listed on UK
Stock Exchange
Total
alysis of expenditure on raising funds
Unrestricted Restricted Total Total
funds funds 202021 2019/20
E'000 f'000 E'000 F'000
Investment management cost
9		 0 9 10
Support costs 36 0 36 42
Total 45 0 45 52
alysis of charitable activities
Total Total
202021 2019/20
E'000 2'000
Patient welfare 50 49
Staff education and welfare 126 43

Raising Charitable Total Total
funds activities 2020/21 2019/20
E'000 E'000 E'000 E'000
External audit 2 0 2 2
Internal audit
Governance 2 0 2 2
Administration costs 30 0 30 29
Miscellaneous 4 0 4 11
Total

13. Analysis 13. Analysis ofcurrent debtors
Debtors under 1 year 2021 2020
E'000 E'000
Debtors 6 0
Prepayments 0 0
Total 6
14. Analysis ofcash and cash equivalents
Analysis ofcash and cash equivalents 2021 2020
E'000 F'000
Cash in hand 182 152
Short term investments 46 23
Total ~22

Creditors under 1 year 2021 2020
E'000 E'000
Other creditors 12 9
Accruals
Total		 0
~2		 0

unds.
In the interests ofaccount
ritten request.		 ability and tra nsparency a complete br eakdown ofall funds i s available
upo
Fund B/fwd Income Expenditure Gains Fund
and C/fwd
losses
Malvern
Hospital		 335 4 (13) 0 326
Other restricted
funds		 75 11 (1) 0 85
Other unrestricted
funds		 0 (209) (44) 276 23
Mental
Health
& Learning		 135 51 (22) 0 164
Disabilities
Integrated
Community		 136 46 (7) 0 175
Care
Countywide
Community		 124 67 (16) 0 175
Care
Children's
and Specialist		 133 57 (13) 0 177
General Trust-Wide 343 99 (45) 0 397
NHS Charities Together 0 112 L660 0 52
Grant
17. Reconciliation ofnet income/(expenditure) to net cash flow from
operating
activities		 2020/21 2019/20
K'000 E'000
Net income/(expenditure)
(as per the Statement of Financial Activities) 292 (90)
Adjustments
for:
Depreciation
charges		 0 0
(Gains)/losses
on investments		 (276) 100
Dividends,
interest and rents		 from investments (31) (39)
Loss/(profit)
on the sale offixed assets		 0 0
(Increase)/decrease
in stocks		 0 0
(Increase)/decrease
in debtors		 (6) 7
Increase/(decrease)
in creditors		 3 0
Net cash provided
by (used		 in) operating activities ~18 ~22