2024-03-31-accounts

-nriLYG copy South West London and St George's Mental Health NHS Trust Charitable Fund South West London and St George's Mental Health NHS Trust Charitable Fund Annual Report and Financial Statements 31 March 2024 Registered Charity No. 1060944

Legal and Admlnlstrative Informatlon South West London and St George's Mental Health NHS Trust Charitable Fund (Th8 Charity) is a registered Charity (registered number 1060944) with the Charlty Commission, the Board of South West London and St George's Mental Health NHS Trust (the Trust) being the Corporate Trustee. The Charity was reglstered in the name of South West London and St George's Mental Health NHS Trust Charitable Fund on 25 Febwary 1997. Prior to this, the declaration of trust as a Special Purposes Charity was made on 1st August 1996 to Pathfinder NHS Trust Endowm8nt Fund. The Charity is managed under delegated authority by a Charitable Funds Committee (The Committee), which provides detailed scrutiny of the Charity. The Committee also make appropriate recommendations to the Trust Board in their position as Corporate Trustees. The Committee has formal contscts with our extern81 auditorslindependent examiners. Th8 Charity produces its Trustees, annual report as a dual purpose document so that the annual report can be distributed with the accounts or as a freestanding document. Therefore, the Charity Includes summary financial statements in its annual report. Our Trustees The Trustees are responsible for deciding policy and ensuring that it is implemented. There is a scheme of delegation to fund managers or senior managers in the Trust. The Trustees give of their time freely and do not reTrive any pay, emoluments or other flnancial benefit. Vvhilst the Trustees are not paid for their tirne, they can claim expenses, details of which are disclosed in the accounts (note 12). For 2023124 no expenses were claimed, During the year, the following Trustees held offiGe'. Dat8s acted if not for whole ear Trustee name Office (if any) Ann Beasley Richard Flatman Trust Chair Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive DireGtor Full Year Full Year Until 31 Oct2023 Deborah Bowman Sola Afu8pe Vikas Sagar Juliet Armstrong Full Year Full Year Non-Executive Director Full Year Ibf Charlotte Clark Non-Executive DireGtor Ful5 Year Jonathan Warren Humaira Ashraf Vanessa Ford Non-Executive Director Associate Non-Executive Director From 1 Sep 2023 From 1 Sep 2023 Full Year Chief Executive Chief Finance and Performance Officer Philip Murray Sharon Spain Jennifer Allan Full Year Full Year Chief Nurse Chief Operating Officer Chief Medical Officer Chlef Strategy Officer Full Year William Boland Amy Scammell Full Year Full Year

Dates acted if not for whole ear Trustee name Office (if any) Katherlne Robinson Jenna Khalfan Chief People Officer Director of Communications & Stskeholder Engagement Better Communlties Prograrnme Director Full Year Full Year lan Garlington Full Year Trustees are required to dlsclose all relevant interests and register them with the trust fiJnd direGtor and withdraw from decisions wh8r8 a conflict of interest arises. All related party transactions are disclosed in the accounts (note 3). Our staff The Charity does not have any employees of its own. The Charitys administration and finances are managed by the employees of the Trust, the cost of which is recharged to the Charity, on the basis of the estimated time spent administering the Charity's finance. For 2023124 accounts the Charity was charged £4,000 (2022123 £4,000). Our advlsors Investment Managers CCLA Fund Managers Llmited Senator House 85 Queen Victoria Street London EC4V 4ET Indapandent Examiners Griffln Stone Moscrop & Co 21-27 Lamb's Conduit street London WC1 N 3GS Internal Audltors RSM UK Risk As8urance Services LLP 6° Floor 25 Farringdon Street London EC4A 4AB Legal Advisors CapstiGks SoliGltors 1 St. George's Road Wimbledon London SW19 4DR Bankers Lloyds Bank 125 Balham High Road London SW12 9AT The Charity office and principal address of South West London and St George's Mental Health NHS Trust Charitable Fund is.. South West London and St George's Mental Health NHS Trust Charitsble Fund Trinity Building Springfield Untversity Hospital 15 Springfield Drive Tooting London SW17 OYF Tel.. [phone]

Trustees, Annual Report Foreword by the Chair of Trustees of the South West London and St George's Mental Health NHS Trust Charitable Fund. Welcome to our annual report for 2023124. We are the corporate Trustees of South West London and St George's Mental Health NHS Trust Charitable Fund. We are the charity that goes the extra mile for people receiving mental health treatment and recovery support from the NHS in the London boroughs of Kingston, Merton, Richmond, Sutton and Wandsworth. Our projects, activities and support add value beyond the limits of what can be funded by the NHS- these extras can be a lifeline for people with mental health difficulties and those who care for them. We also work to create a stronger community in south west London - reaching as many people as possible with tools to promote positive wellbeing and good mentsl health. l am very pleased that we have increased the incorne to the Charity this year through successfully applying for two significant grants from NHS Charities Together totalling £81,000. We were also very grateful to receive a transfer of £3,370 from Kingston Hospital Charity restricted for use for charitable purposes at Tolworth Hospital. This year we have delivered a number of larger projects such as the refurbishment of the Kingston Memory Clinic at Tolworth, informal meeting pods at Springfield and staff wellbeing hubs across Trust sites but not forgetting the invaluable smaller gifts which directly support patients in their recovery such as ear plugs to provide peace on a busy hospital ward and a home fridge to allow a discharged patient to keep nutritious food at home. I would like to thank everyone who has donated and fundraised for the Charity, my fellow trustees and the volunteers whose hard work alongside the professional staff of the South West London and St George's Mental Health NHS Trust who have all made life better for people who need our help. We are at the beginning of our fundraising journey, but we have strong ambitions to reach more people facing difficulties with their mental health than ever before. We want to grow the Charity's impact and if you would like to donate, you may do so via the Charity's web or as an employee through Microhive to automatically donate the pennies from your pay. Your gift means that the Charity can go the extra mile for NHS mental health patients and for the wellbeing of communities in south west London. Ann Beasley Date.. 9th January 2025

What we aim to do: our objectives and activities Our Objectives The Charity's objectives are to improve the welfare of patients and staff at South West London and St George's Mental Health NHS Trust both in hospital and community services. Our misslon Through our position as an NHS Charity. we're inherently connected to mental health seNice users in South West London. This connection means we can support the patients, carers and families affected by some of the most severe mental health conditions. Our support is tailored for people from all walks of life receiving mental health care from the NHS. We draw on the expertise of clinical leaders and specialists across the NHS Trust to deliver projects that add value for patients and staff. This could look like.. Games and sports for young people re￿Iving hospital treatment for their eating disorder Equine therapy for patients to effectively challenge their Obsessive Compulsive Disorder (OCD) in a supportive environment A set of djembe music drums benefitting mental health service users and carers through their use in music therapy sessions A coffee machine for a staff room so that hardworking staff can grab a coffee and moment to breathe during a busy day What we have achieved: highlights from the activities undertaken in the year During the year 2023124, grants and expenditure on patients totalling £72,644 were made and £5,118 was spent on staff welfare. A further £6,610 was spent on support costs, including administration. audit fees and bank charges. The majority of our income, £81,000. related to a donation by the NHS Charities Together. Going forward we want to increase our fundraising through organising different events to achieve higher levels of income enabling us to support more activities our patients will enjoy. In partnership wtth NHS Charities Together, the Charity spent around £30,000 of unused grantfunding to create informal meeting spaces for staff, patients and visitors through purchasing five pods which blend seamlessly into the communal areas of the new Trinity building. Excellent feedback has been received from people using the pods for both working and taking a break.

The Charity successfully applied for a Stage 3 Covid Recovery Grant from NHS Charities Together to support the long-term health and recovery of NHS staff, patients, community and volunteers impacted by Covid-19 and received the first tranche of £51,000. This is being used to run Mental Health First Aid training courses for people living in Springfield Village which has also helped bring communities together to break down mental health stigma and improve understanding. From the generous donation from the Friends of Surbrton and Tolworth Health Community in 2022123, the Charity provided over £15k to transform the Kingston Memory Clinic in Tolworth Hospital with stylish yet practical furniture, plants and frames for bespoke artwork of local landmarks. Staff wellbeing hubs continue to be rolled out across Trust sites thanks to funding provided by the Charity. These are spa￿S which staff can use for resting and relaxing while at work. Julth Hmlth Cent BCFORE

How we funded our work, our achievements and performance The following figures are taken from the full accounts which have been approved by an independent examination reporL statement of Financlal Actlvltlos for the year anding 31 March 2024 Total 202314 £'ooo Total 2022123 £'ooo Income Expenditura Net Gainl (Loss) on Investments Net Incomel {Expendlturel 100 {84> 38 (23) 12) 13 21 Total Funds brought forward Total Funds carriod forward 88 108 75 88 The Charity Gan only Continue to support future activities if more donations ar8 received or funds are raised. Almost 811 our income corres from direct donatlons and dividendfinterest income from fixed investments. Money r8CaiVod: where we got our money from Total income re￿iVed was £100,179 (2023122: £37,857}. The main sources of income w6re corporate donations amounting to £84,370 and donations from individuals of £13,035. A further £2,774 was earned from investment in the form of dividends and interest. The main movement between 2022123 and 2023124 was due to a slgnificant donation of £81 ,000 received from Ihe NHS Charities Togeth8r. Money spent: what we spent the money on Our charitable work was mainly concentrated on the following areas: Patients, comfort, recreation, functions, training and other activities. We spent £72,644 in supporting our patients on various items and activities which GontribLrtes to theirwellbeing and comfort. Staff welfare. We spent £5.118 on initiatives fo support the staff that care for patients, providing wellbeing opportunrfties. The Trustees continue to explore initiatives for funding that will benefit both patients and staff, whilst also progressing altemative sources of income. Performanco against objectlves During 2023124 the Charity has been able to build on the foundations put in pla￿ the previous year including to accelerate its ambitions to increase fundraising and project delivery. It was crucial that the Charity utilised existing grantfunding and donations while sirnultaneously submitting applications for new grant funding and increase donations. New branding has unified the Charity's marketing materials which Is improving awareness of th8 Charity both within the NHS Trust and extemally. With agreement from NHS Charities Together. the Charity was able to reall0￿te unused funding of around £30k from the Stage 1 Covid-19 grant to purchase five informal meeting pods situated in public areas of the new Trinity building. The final projects from this grant included staff wellbeing hubs and media materials which ensured the Charity fully distributed this grantfijnding by the agreed extension deadline and this is now closed.

In Ilne with the wishes of the Friends of Surbiton and Tolworth Health Community, over half of their generous donation received In 2022123 has now been used for the transformation of the Kingston Memory Clinic at Tolworth. The Charity maximised its membership with NHS Charities Together with bids submitted for three out of four avallable opportunities resulting in successful receipt of kno grants totalling £81,000- For the Stage 3 Covid Recovery Grant, the first tranche of £51k is being used to fund a programme of mental health first ald training targeted at the residents of Springfield Village to destigmatise mental health and build relationships with our new community and wlll ontinue into 2024125. The goal of the Development Grant (£30k) is to empower the NHS charity sector to be high performing, effective and impacttul. The original plan to recruit a part-tirne fundraislng officer for one year was unfortunately unsuccessful, however, with agreement and a time extension from NHS Charities Together, this funding will be used to procure the services of specialist funéraislng consultants in 2024125 to generate short term income and advise on realistic strategies for future income generation. Moving into 2024125 the Charity is aiming to widen its reach even further and raise more funds through exciting carnpaigns and external grant applications. This will provide more support for people in our NHS Trusys care, for harthorking NHS staff and for the those in the south west London community who struggle to access mental health support. Our reserves pollcy The policy is that the funds must be spent for the purposes for which they were received. Funds should not be accumulated, un18ss for a specific purpose, and should be spent promptly. General funds- these funds are received by Ihe Charity with no pref8r8nce on how they are spent expressed by donors. Grants or funding to various small projects ar8 made as and when needed. Representatives from the clinlcal or corporate ServI￿S make applications to the Trustees expressing their levels Df funding required along with a clear aim forthe application and howthe funding will benefit the services users. The bid is then considered by the Commitl8e for a decision. Funding is particularly targeted on projects in areas of the hospital that do not have available designated funds to assist them. Designated non r8strict6d funds- these funds are for a specific p8rt of the hospital or activity nominated for support by the donor. They are overseen by fund holders who Gan make decisions on how to spend the money withln their delegated responsibility and within the designated conditions of the fund. Fund holders are actively encouraged to draw on the fund for the benefit of patients and staff in a timely manner Restricted funds- thsse are funds which are restricted by the donors as to where it can be spent. These funds were transferred from Epsom and St Heller NHS Trust which previously managed the Sutton Mental Health servi￿s. Many of these funds have been dormant but recently there has been active encouragement for fund holders to use the funds.

Our financlal health: our balance sheet The net assets and fund balanc88 are stated below and show an increase in the level of funds cornpared to last year. This is largely due to the donation from the Surbiton and Tolworth Leagua of Friends which will be spent during 2023124 on activities that benefit both patients and staff. Total 202314 £'ooo Total 2022123 £'ooo Fixed Asset Inv8Stmenls Net Current Assetsl (Liabilities) Total Net Assets 41 67 108 36 52 88 About our Investments Investment is managed by CCLA Fund Managers Ltd. During 2023124 the Charity transf8rred the Investments held in its COIF Charities Investment fund and the Fixed Interest fund to a single Ethical Fund. Dividends are paid to the Charity's separate bank account on a quarterly basis. Investment reports are provided by CCLA on a quarterly basis and are then revlewed to determine any change needed. Investments are sold when needed to m88t the expenditure requirements. The total return last year, including dividends and interest was £963. Risk management As part of their business planning exercise carried out during the year, the Trustees have consider8d the major risks to which the Charity is exposed. They have reviewed syst8ms and identified steps to mitigate those risks. Two major risks have been identified and arrangements have b86n put in place to mitigate those risks. Future levels of income - The Charily is reliant on donations to allow it to make grantslexpenditure to patients or staff. If income falls, then the Charity would not be able to make as many grants/exp6nditure or enter into longer temi commitments to support the patients. The Trustees have put in place plans to mitigate the risk that income will fall by involving various organisatlons including the League of Friends and NHS Charities Together, by engaging with fresh bidding rounds for funds and worklng with departments withln the hospltal to raise the profile of the Charity and to increase fundraising activities. Fall In Investment returns- The Charity generates additional income from investing its cash balances. The Trustees consider the loss of investment incorne to be a financial risk. The risk is mitigated by retaining expert investrrent managers, having a diversified investment portFolio, and regularly reviewing that portfolio. The Trustees make use of benchmarking infomiation when reviewing the portfolio, Related parties The Charity works closely with, and provides most of its grants and expenditure, on patients and staff at the Trust. Our rela￿OnShip with the wlder community The Trust's transfomiation prograrnme has provided a plafform to increase community engagement, and the Charity is linking into this to maintain and increase donations from the public.

Acknowledgements As in previous years, th8 Trustees would lik8 to pay tribute to.. Our volunteers for their time, support, and commitment The members of staff who give their time out of hours in support of the work on the committees, in developing ideas and working with us to identify how we can help our patients. Our fundraisers who do so much to encourage others to enriGh the lives of patients and staff through donations and fundraising activitl88. The impact of your work is making a difference to the people who need it most. Slgned on behalf of the Trustees: Ann Beasley Date: 9th January 2025

statement of Trustees. responslbllltles In respeGt of the Trustees. annual report and accounts Under charity law, the Trustees are responsible for preparing the Trustees, annual report and accountsfor 8ach financial yearwhich show a true and fair view of the state of affairs of the Charity and of the excess of expenditure over Income for that period. In preparing th@S8 financial statements, generally ac￿pted accounting practice requires that the Trustees: Select suitable accounting policies and then apply them consistently Makejudgments ané estimates that are reasonable and prudent State whether the recommendations of the Statement of Recommended Practice (SORP) have been followed, subject to any material departures disclosed and explained in the financlal statements State whether the financial statements comply with the trust deed, subject to any material departures disclosed and explained in the financlal statements Prepare the flnanclal statements on the going concern basis unless it is inappropriate to pr88ume that the Charlty will continue Its activities. The Trustees are requlred to act in accordance with the trust deed and the rules of the Charity, within the framework of trust law. The Trustees are responsible ft)r keeping proper accounting records, sufficient to disclose at any tlme, with reasonable accuracy, the financial position of the Charity al that time, and to enable th8 Truste8S to ensure that, wher8 any statements of accounts are prepared by the Trustees under section 132(1) of the Charities Act 2011, those statements of accounts comply with th8 requirements of regulations under that provlslon. The Trustees have general responsibility for taking such steps as are reasonably open to the Trustees to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities. Slgned on behalf of the Trustees: Ann Beasley Date: 9th January 2025 10

statement of Financial Activities for tha y6ar endlng 31 March 2024 Total Funds 2024 £'ooo Total Funds 2023 £'ooo Note Unrestricted Funds Restrlcted Funds £'ooo £'ooo InGome and endowments Donations and18gacies Charttable activities Other trading activities Investments Total incoming resources Expenditure on: Charltable activilies Admin and audit fees Patients comfort & other Staff welfare Total expendlture 13 97 37 84 100 38 (6) (37) (1) (44) (6) {73) (5) (84) (8) {12) (4) (23) (36> (4) {40} Net gainsl {losses) on investments Net incomel{expenditure) 15 {2) (23) 44 21 13 Transfers between funds N8t movement in funds {5) 39 (18) 13 Reconclliation of funds Total funds brought forward Total funds carried forward 20 39 48 88 75 20 21 87 108 88

Balance Sheet as at 31 March 2024 Unrestricted Fund5 Restricted Funds Total Funds Total Funds Note 2024 2023 £'ooo £'ooo £'ooo £'ooo Fix8d assets.. Investments 15 41 41 Total flxed assets 41 41 36 Curr8nt as86ts.' Debtors Cash and cash equivalents 16 17 29 46 75 60 Total current assets 29 46 75 60 Liabilities.. Creditors falling due within one year Net current assetsl (Ilabllitles) 18 (8) (8) (8) 21 46 67 52 Total assets less Gurrent liabilities credito￿ falling due after more than one year Total net assets or Ilabllltles 21 87 108 88 18 21 87 108 88 The funds of the charlty: Restricted income funds Unrestricted income funds Total charity funds 20 87 87 14 74 21 21 21 87 108 88 The Trustees have not required the Charity to obtain an audit of its accounts for the year in question. The Trustees acknowledge their responsibillties for complying with the requirements of the Act with r8spect to accounting records and the preparation of accounts. These accounts have been prepared in accordan￿ with the provlslons subject to the small entities, regime. The notes at pages 14 to 24 form part of these accounts Signed.. Ann Beasley Date: gu) January 2025

Statement of Cash Flows for the y8ar ending 31 March 2024 Note Total funds 2024 £'ooo Total funds 2023 £'ooo Cash flows from operatlng actlvltles: Net cash provided by (used In) operatlng activiti'es 19 12 13 Cash flows from investlng actlvltles: Dividends, interest and rents from investments Proceeds from the $81e of investments Purchase of investments Net cash pmvided by (used in) investing actlvltlos 15 15 Change in cash and cash equivalents in the reporting period Cash and cash gquivalonts at tha beginning of the reporting period 15 14 17 60 46 Cash and Cash equlvalents at the end of the reporting period 17 75 60 13

Notes on the accounts Accounting Pollcles (a) Basis of preparation The financial statements have been prepared under the historic cost convantion, with the @xception of investments which are Induded at fair value. The accounts (financial stat@ments) have been prepared in accordan￿ with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015. (b) R&conciliation with previous generally accepted accountlng practice In preparing these accounts, the Trustees have considered whether any restatement of comparatives was required to comply wilh FRS 102 and the Charities SORP FRS 102. (c) Cash and cash equlvalants These are cash held in hand and in the current bank account. (d) Funds structure Where ther8 is a legal restriclion on the purpose to which a fund may be put, the ftjnd is dassified either as: A restricted fund or An endowTMent fund The Charity does not have an endowment fund. Those funds which are neither endowment nor restricted income funds, are unrestrict8d income funds. These are sub-analysed between earmarked funds, where the Trustee has set aside amounts to be used for specific purpos8s orwhich reflect the non-binding wishes of donors and those that are at the Trustee's discretion, including the general fund which represents the Charty's reserves, The major funds held in each of these categories are disclosed in note 20. (e) Incoming resources All incoming resources are recognised Orn￿ the Charity has entitlement to the resoUr￿s, it is probable (more likely than not) that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability. Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the incorne is recognised as the entitlernent condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they Gan be met then the relevant income is not re(x)gnised In the year bLrt deferred and shown on the balance sheet as deferred income. 14

(fj Incomlng resources from legacies Legacies are accounted for as incoming reSoUr￿S either upon receipt or where the recelpt of the legacy is probable. Receipt is probable when: Confirmation has been received from the representatives of the estatels) that probate has been granted The executors havg established that there are sufficient assets in the estate to pay th8 legacy and All conditions attached to the legacy have been fulfilled or are within the Charity's control. If Éhere is uncertainty as to the amount of the legacy and it cannot be reliably estimated. then the legacy is shown as a contingent asset until all of the conditions for income recognition are met. {g} Incomlng resources from endowment funds The Charity does not have any endowment funds. (h) Resources expended and irracovorabla VAT All expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all costs related to each cat8gory of 8xpense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met: Th8re is a present legal or constructive obligation resultlng from a past event It is more Ilkely than not that a transfer of benefits {usually a cash payment) will be required in settlement The amount of the obligation can be measured or estimated reliably. Irrecoverable VAT 18 charged against the category of resources expended for which it was incurred. (i) Recognition of expanditure and assoclated Ilabllities as a result of grant Grants payable are payments made to patients of the Trust in accordance with the charitable objectives of the funds held on trust. primarily relief of those who a￿ mentally not we51. Grant payments are recognised as expenditure when the condlb'ons for their payment have been met or where there is a constructive obligation to make a payment. A constructive obligation arises when.. We have communicated our intention to award a grant to a recipient who then has a reasonable expectation that they will receivo a grant We have made a public announcement about a commitment which is specific enough for the recipient to have a reasonable expectation that they will receive a grant There is an established pattem of practi￿ which indicates to the recipient that we will honour our commitment. Th8 Trustees have control over the amount and timing of grant payments and consequently where approval has been given by the Trustees and any of the above criteria have been met en a liability is recognised. Grants are not usually awarded with conditions attached. However, when they are then those conditions have to be met before the liability is recognis8d. 15

Where an intention has not been cornmunicated, then no expenditure is recognised, but an appropriate designation is made in the appropriate fund. If a grant has been offered but there is uncertalnty as to whether it will be accepted or whether conditions will be met, then no liability is recognised, but a a)ntingent liability is disclosed. U) Allocation of support costs Support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration, internal and external audit costs and IT support. Support costs have been apportioned between fundraising costs and charitabl8 activifies on an appropriate basis. The analysis of support costs and the bases of apportionment applied are shown in note 11. (k) Fundraising costs Th6r8 war8 no fundraising Gosts incU￿ed in 2023124. (l) Charitable activities Costs of charitable activities comprise all costs incurred in tha pursuit of the charitable objectives of the Charity. These costs, where not wholly attributable, are apportioned be￿een the categories of charitabl8 expenditure in addition to the direct costs. The total costs of each category of charitable expenditure include an apportionment of support costs as shown in note 8. {m)Flxed asset Investments Investments are a form of basic financial instrument. FIX￿ asset investments are Initially recognised at thelr transaction value and are subsequently measured at their fair value (mad(et value) as at the balan￿ sheet date. The Statement of Financial Actlvlties includes the net gains and losses arising on revaluation and disposals throughout Ihe year. Quoted stocks and shares are included in the Balance Sheet at the current market value quoted by the investment analyst, excluding dividend. Other investments are included at the Trustees, best estimate of market value. The maln form of financial risk faced by the Charity Is that of volatility In equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub seGtors. Further information on Ihe Charities fund investments can be found in note 15. {n) Debtors Debtors are amounts owed to the Charity. They are measured on th8 basis of their recoverable amount. (o) Cash and cash equlvalents Cash at bank and in hand is held to meet the day to day running costs of the Charity as they fall due. (p) Creditors Creditors are amounts owed bythe Charity. They are measured atthe amount thatthe Charity expeGts to have to pay to settle the debt. Amounts which are owed in more than a year are shown as long-term Greditors. The Charity does not have long t8rm Greditors. 16

{q) Realised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Reallsed galns and losses on investments are calculated as the difference between sales proceeds and opening carrying value {purchase date if later). Unrealised gains and losses are calculated as the difference be￿@8￿ the market value at the year end and opening carrying value (or purchase date if later). {r) Penslons The Charity does not have directjy employed staff. The staff who run th8 Charity are employees of the Trust. (s) Going concern 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 accounts. In future years, the key risks to the Charity are a fall In income from donatlons or investment income but the Trustees have arrangements in place lo mitigate those risks (see the rlsk analysis sections of the annual report for more informatlon). Prior year comparatives by type of fund Unrestrlcted Restricted Funds Funds Total Funds 2023 InGome and endowments from. Donations and legacies Investments Total InGoming resources Expenditure on: 30 37 30 38 Charitsble activities Admin and audit fees Patients comfort & other staff welfare (7) (12) (4) (7) (12) (4) Total expendlture (23) (23) 17

Related party transactions None of the trustees or members of the South West London and St George's Mental Health NHS Trust board or parties related to them has undertaken any transactions wlth South West London and St George's Mental Health NHS Trust Charitable Fund or received any benefit from the charity in payrnent or kind. The trustees recsived no honorarfa or emoluments in the year and no expenses were paid. South West London and St George's Mental Health NHS Trust makes a number of clerical and transaction services 8vailable to the charity, by agreement with the trustees. These include administrative seNices at a cost of £4.000 (£4,000 in 2022123) In running the charity accounts which includes preparing the charity's final accounts. Income from donaflons and legacies Unrestrictod Restricted funds Funds £'ooo £'ooo Total 2024 £'ooo Total 2023 £'OOD NHS Charities Tog8ther Donations from individuals Corporate donations Legaci8S Grants 13 13 84 84 31 13 84 97 37 Analysls of Income from other tradlng actlvltles The charity was not involved in any trading activities during 2023124 (£0 in 2022123). Gross Investment income Unrestricted Restrlcted funds funds £'ooo £'ooo Total 2024 £'ooo Total 2023 £'ooo Fixed assets equity and similar investments Short temi investments, deposits & cash on deposit Analysis of expendlture on ralslng funds The charity did not incur any expense in raising funds in 2023124 {£0 In 2022123). 18

Analysis of charitable expenditure The charity did not undertake any direct charitable activities on Its own account during the year. The charitable expenditure is shown below In summary.. Grant fund6d Activity £'ooo Support Costs £'ooo Total Total 2024 £'ooo 2023 £'ooo Admin and audit fees Patients comfort, functions & other Staff education and welfare Total 37 36 73 12 44 40 84 23 Analysis of grants The total cost of making grants, including support costs, Is disdosed on the face of th8 Statement of Financial Activities and the actual funds spent on each category of charitable activity, is disclosed in Note 8. The trustees operate a scheme of delegation for the majority of the charitable funds, under which fund advisors manage the day-to-day disbursements on their projects in accordan￿ with the directions set out by th8 trustees in charity standing orders and financial instructions. Funds managed under the scheme of delegation represent ongolng activities and it is not possible to segment these aGtivities into disGYete individual grant awards. 10. Movomants in funding commitments Note Current Non-current Liabilities Liabil ities £'ooo £'ooo Total Total 2024 2023 £'ooo £'ooo Opening balance at 1 April Additional commitments made during the year Movement from current to noncurrent Amounts paid during the year Closing balance at 1 April 18 10 87 87 (87) (87) (2) 18 Expenditures are approved and paid out In the same financial year. As the charity has control over the award and timing of grants there is little uncertainty around these payments. 19

1. Allocatlon of support Gosts and overheads Support and overhead costs are allocated between fundraising activltles and charitable activities, Governan￿ costs are those support costs which relate to the strategic and day to day management of a charity. Th8 basis of allocation used is as follows: Expenditure.. this is a proportion based on the fund balance at the end of the year befor8 governance cost. This is used where the trustees consider this is a rnore equitable treatment to avoid disadvantaging fvn4s with high volum6, low value transactions. The charity did not pay any money for salaries directly but a p8rcentage of staff costs who were involved in the running of the charity's accounts was recharged. Ralslng funds Charltable actlvities 2D24 Total 2023 Total Basis £'ooo £'ooo £'ooo £'ooo Independent Examination AccountanGy Costs Stsff salary recharges Governance costs 2 Expenditure Expendlture 4 Ex enditure Office Admin Charge Total Unrestricted funds RestriGt8d Endowment funds funds 2024 2023 Total £'ooo Total £'ooo £'ooo £'ooo £'ooo Charitable Activities
2. Trustees. remuneration, benefits and expenses The charity's trustees give their time freely and receive no remuneration for the work that they undertake as trustees.
3. Analysis of staff costs and remuneratlon of key management personnel There were no staff directly employed by the charity.

4. Independent examiner's remuneratlon The independent examiners remuneration is £2,400 (2022123: £2,280). 20

5. Flxed asset investments Movement in fixed asset investments 2024 £'ooo 2023 £'ooo Market value brought forward Add: Additions to investments at cost Less.. Disposals at carrying value Add: N8t gainl {108s) on revaluation Market value as at 31$t March 36 37 2) 36 41 Fixed asset Investm&nts by type 2024 £'ooo 2023 £'ooo COIF Charities Ethical Investment Fund COIF Charities Investment Fund COIF Charities Fixed Interest Fund Total Ilsted Investmenfs 41 10 21 32 41 Deposit Fund interest bearlng Total 41 36 All investments are carried at their fair value. South West London and St George's Mental Health NHS Trust Charitable Fund investsments are m8inly traded in markets with good liquidity and high trading volumes. The charity has no mat8rial investment holdings in markets subject to exchange controls or trading restrictions. The charity manages these investment risks by retaining expert advisors and operating an investment policy that provides for 8 high degree of diversrfication of holdings within investment asset classes. All investments were made in companies listed on a UK stock exchange or incorporated In the UK and therefore all investments are treated as investment assets in the UK. Restricted appeals to fund specific equipment or assets are held on notice deposit or overnight on the money markets in accordan￿ with the trustees, investment policy.

6. Analysis of current debtors Debtors under one year 2024 £'ooo 2023 £'ooo AGGrued income Total There were debtors of £875 at the end of 2023124, however due to rounding these a￿ not reflected in the note above. 21

7. Analysis of Gash and cash equlvalents 2024 £'ooo 2023 £'ooo Cash In hand Current Account Total cash and cash equlvalents 74 75 59 60 No cash or cash equival6nts or current asset investments wer8 held in non-cash investments or outside of the UK.

8. Analysis of liabilities 2024 £'ooo 2023 £'ooo Creditors falling due within one year Trade creditors other accruals Credltors falling due after more than one year Total

9. Reconciliation of net Incomel (expenditure) to net cash flow from operatlng actlvities 2024 £'ooo 2023 £'ooo Net Income/ (expenditure) as per the Statement of Financial Activities 21 13 Adjustments for: (Gains)I losses on investments (Purchase)I sale of Investments Dividends, interest and rents from investments {Increase}I decrease in debtors Increase/ {decrease) in creditors Net cash provided by/ (used in) operating aGtivities (5) (3) (1) (1) (2) 12 13 22

10. Analysls of charltable funds a) Analysis of endowment fund movemènts The Gharity does nol have any endowm8nt funds. b) Analysis of restricted fund movements Balance blf £'ooo Income Expenditure Transfers Galns £'ooo Balance If £'ooo £'ooo £'ooo NHS Charities Together Stage 3 NHS Charities Together Dev Gra Surblton And Tolworth Fund Crocus Ward {St Heller) Henderson Staff Training Others (below £1 k) Total 51 30 {13) (2) (20) (3) 38 28 29 12 (2) (40) (5) {5) 48 84 87 The Stage 3 Grant is the first tranche being used to fund a programme of m8ntal health first aid training targeted at the residents of Springfield Village. The Development Grant is being used to procure the services of specialist fundralslng consultants to generate short temi Income and advise on realistic strategies for fvture income generation. All the remaining restricted funds were transferred from Epsom and St Heller Hospitals and the main purpose of them is to irnprove the welfare of patlents and staff. c) Analysis of unrestricted and materlal designated fund movements Balance Gains Balance bm Income Expenditure Transfers Lossas clf £'ooo £'ooo £'ooo £'ooo £'ooo £'ooo Aquarius Ward Deaf & Family Contingency General Fund {8) 24 13 (42} Richmond Comm. MH tea (5) (2) (2) (2) Traumatic Stress Shaftesbury Clinic Wandsworth Rehab others (below £lk) Total (2) (44) 39 16 21 The trustees reported all the unrestricted funds in the above table without limiting it to a threshold, The objeGts of each of the designated unrestricted funds, greater than £1,000, are as follows,. 23

The Aquarius Ward fund is designated to support the children on the ward with their activities and improving the ward environment. Other deslgnated funds relate to asslstlng patients on other wards and clinical departments within the SWLSTG MH NHS Trust for which donors have indicated their non-blnding wishes when making their generous gifts. In the interests of accountability and transparency a complete breakdown of all such funds Is available upon written request. The total restricted and non-restricted funds amount to £108k, which includes a £5k gain accounted for in the current year 2023124. 24

Independent examlneffs report to the Trustees of South West London and St George's Mental Health NHS Trust Charitable Fund (the 'charlty') I r8POrt to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024. This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to thèm in an Independent examiner's report and for no other purpose. To the fullest extent permltted by law, I do not accept or assume r8sponsibility to anyone other than the Gharity and the charity's Trustees as a body, for my work or for this report. Responsibilities and basls of report As the Trustees of the charity, you are re8ponslble for the preparation of the accounts in accordance with the requirements of the Charities AGt 2011 {'the 2011 Act'}. I report in respect of my examination of the ch8rity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appliGable Directions given by the Charity Commission under sectlon 145(5)(b) of the 2011 Act. Independent 6x3mlner's statement Your attention is drawn to the fact that the charity has prepared the acGOUnts in accordance with AGcounting and Reporting by Charities.. Statement of Recornmended Practice applicable to Gharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charit188'. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has been withdrawn. l understsnd that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have Gompleted my examination. I can Gonfirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respeGt'. 1. accounting records were not kept in respect of the Gharity as required by section 130 of the 2011 2, the accounts do not accord with those records., or 3. the accounts do not comply ￿th the applicable requirements conceming the form and Gontent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf 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 r8POrt in order to enable a proper understanding of the accounts to be reached. Signed: Dated: w/,tlo¥- Robert Smith ACA Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit street London WC1N 3GS 25