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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.. 020 3513 5000

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

11. 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
12. 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.
13. Analysis of staff costs and remuneratlon of key management personnel
There were no staff directly employed by the charity.
14. Independent examiner's remuneratlon
The independent examiners remuneration is £2,400 (2022123: £2,280).
20

15. 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.
16. 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

17. 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.
18. 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
19. 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

20. 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