Commercial in Confidence
Oxleas NHS Foundation Trust Charitable Fund
(Registered Charity No. 1061424)
Annual Report & Financial Statements Year Ended 31 March 2025
Commercial in Confidence
Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Annual Report & Financial Statements 2024/25
Oxleas NHS Foundation Trust Charitable Fund (Registered Charity No. 1061424)
The Corporate Trustee presents the Charitable Fund Annual Report together with the Financial Statements for the year ended 31 March 2024 for the registered charity, prepared in accordance with Section 132 (1) of the Charities Act 2011 and The Charities (Accounts and Reports) Regulations 2008.
The Charitable Fund operates under a Declaration of Trust dated 17 February 1997. The aim of our Charity is to raise funds and attract donations that can be used to benefit a wide range of services provided by Oxleas NHS Foundation Trust. These include a wide range of healthcare provision including mental health and community services across a variety of locations such as people’s homes, health centres, schools, prisons and hospitals. The Charitable Fund is an umbrella fund which is made up of 26 individual charitable funds (2023/24: 26 Funds). Oxleas NHS Foundation Trust is the Corporate Trustee of Oxleas NHS Foundation Trust Charitable Fund. In administering the objectives and activities of the fund, the Trustee gives careful consideration to the Charity Commission’s general guidance on public benefit.
The following Directors of the Trustee are also members of Oxleas NHS Foundation Trust Board as at 31[st] March 2025:
Chairman Andy Trotter (Until 30[th] April 2024) Chief Executive Dr Ify Okocha Andrew George (From 1[st] May 2024)
Vice Chair Steve Dilworth (Until 30[th] October 2024) Dr Suzanne Shale (From 1[st] November 2024)
Non-Executive Directors Executive Board Directors Steve Dilworth (Until 30[th] October 2024) Dr Ify Okocha Sophy Proctor Jane Wells Jo Stimpson(Until 27[th] January 2025) Neil Springham Nina Hingorani-Crain Rachel Evans Dr Suzanne Shale Azara Mukhtar Jim Shaikh Iain Dimond Muneeza Aumir Abimbola Fadipe Damien Regent (From 1[st] November 2024) Martin Machray (From 1[st] May 2025)
Trustee recruitment, appointment and induction
Oxleas NHS Foundation Trust is the Corporate Trustee of Oxleas NHS Foundation Trust Charitable Fund.
Key management personnel information
The Trustee has concluded that the Directors of the Trust and the Trust fund Directors comprise the key management personnel of the charitable funds as they are in charge of:
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Directing and controlling the charitable funds
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Running and operating the charitable funds on a day-to-day basis.
The Directors of the Trust give their time freely and did not receive any remuneration during the year. The Directors of the Trust are required to declare any potential conflict of interests. No conflicts of interest were declared that impacted upon the Charity. The Directors of the Trust have agreed that no separate committee to manage the Charity is required due to the size of the Charity. The day-to-day administration and control of the 26 individual accounts that make up the Charity are delegated to members of Trust staff who are best placed to recognise needs (Fundholders) and are in a relevant post to the Charitable Fund concerned.
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Annual Report & Financial Statements 2024-25
Individual Funds
There were 26 individual funds as at 1[st] April 2024 and 26 as at 31[st] March 2025.
Reserves Policy
Charitable Fund policy states that fund holders should endeavour to ensure that all donations should be expended when possible in line with the wishes of the donor, except where funds are being saved for a specific purpose (either restricted or designated funds). The money is not generated or donated to stay in the bank. The budget holders for each Trust fund are responsible for building reserves for their fund should this be deemed necessary, however at present no funds are saved for this purpose.
Risk Policy
The amount of funds held in respect of Charitable Funds is considered too small to support an investment portfolio. The Corporate Trustee does not consider there to be any major risks associated with the charitable funds due to the nature of the charitable activities undertaken. Funds spent during the year will be no more than the balance of reserves held.
Expenditure authorisation limits for Trust fund holders are standardised. This is in line with the Trust’s signatory authority matrix. This is to ensure that all expenditure for the Trust is authorised using the same processes throughout the Trust.
The charitable fund is reliant on voluntary income and donations to allow expenditure on charitable activities. If income falls then the expenditure would have to fall as a result of this. The NHS is also, by its nature, subject to changes in government policy and funding decisions, and so there is an inherent risk as a result of any unforeseen changes in the NHS.
Accounting
Oxleas NHS Foundation Trust provides accounting facilities for the Trust Funds. Each Charitable Fund has a unique code which is debited or credited at the time of a transaction. Transactions are processed though the ledger system. Any balance owing to or from the Fund is transferred between the Trust Fund Account and Oxleas’ bank account during the financial year.
Investment Policy
£155,000 remains on deposit with Lloyds (April 2024: £149,000). Interest in 2024/25 was earned at between 3% and 5% (2023/24: between 3% and 5%) and was £8,718 in total (2023/24: £6,964).
Financial Review
During the year charitable funds of £216,000 (2023/24: £59,000) were generated, whilst in the same year expenditure totalled £118,000 (2023/24: £119,000), resulting in net income of £98,000 (2023/24: £60,000 net expenditure). Donations remain a considerable source of income to the funds with £193,000 of income, with the remainder coming from charitable activities and returns on investments. Charitable activities represent £106,000 (90%) of the expenditure. The charitable funds amount to £489,000 (2023/24: £391,000), which means that the funds can continue to be expended in line with the above policies.
The Covid-19 fund saw a further £178k donations from NHS Charities Together, whilst the Greenwich Adults/ OPMH funds saw £11k of income through fund raising (largely the snack shops) as these returned to pre pandemic levels and the Harambee Global Health Partnership saw donations of £10k. £75k of expenditure was through ‘Staff Assemblies’, designed to make Oxleas NHS Foundation Trust a better place to work, whilst the Harambee Global Health Partnership used £10k for projects in Kenya.
How to contact us
Further information about particular funds can be obtained from the Senior Financial Accountant, in the first instance. Copies of the Annual Accounts for Oxleas NHS Foundation Trust Charitable Fund can be obtained by writing to the Chief Financial Officer at the same address.
Thank you
The Trust would like to thank our volunteers, 9 of whom manage our snack shops. Any profits from the shop are put into two Trust funds; one for Adult mental health patients within Oxleas House and the other being the Trust fund for older people. The funds are usually used to pay for entertainers on the wards, emergency clothing and toiletries, and also to keep the gardens in good condition for our patients, visitors and staff. The funds are also used to fund day trips to various places i.e. seaside trips and places of interest. We help pay towards decorations and food for themed party days throughout the year. The funds are also used for certain items of equipment on the ward and for celebrating special occasions for the patients. Last year, due to the increased usage of the shops and increased profit, we were able to fund the Christmas presents for the in-patients throughout the Trust, who were with us on Christmas Day.
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Oxleas NHS Foundation Trust
We offer a wide range of health and social care services to people living in South London; parts of Kent and South West England.
We are organised into six clinical directorates:
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Adult Acute and Crisis Mental Health
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Adult Community Mental Health
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Adult Community Physical Health
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Children and Young People’s Services
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Adult Learning Disability
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Forensic and Offender Health Services
How we organise ourselves: reference and administrative details
Charity Number
Our registered charity number is 1061424.
Registered Address
The charity is located at: Oxleas NHS Foundation Trust Pinewood House Pinewood Place Dartford Kent DA2 7WG
Our advisers
Independent Examiners
Grant Thornton UK LLP 8 Finsbury Circus London EC2M 7EA
Bankers
Lloyds Bank 4[th] Floor 25 Gresham Street London EC2V 7HN
Internal Auditor
KPMG LLP 8[th] Floor East 15 Canada Square London E14 5GL
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
How we manage your donations
The Charity makes grants from both its unrestricted and restricted funds to Trust staff for training purposes and issues other expenditure in relation to patient welfare, staff welfare and other expenditure. The largest 12 funds also incur an administration fee from Oxleas NHS Foundation Trust. This administration fee and the independent examination fees are apportioned across the funds by size.
Unrestricted funds: These funds are received by the charity with no particular preference expressed by the donors as to how the money should be spent, or ringfenced for a designated location, but into a fund where there are no restrictions on how this money should be spent.
Restricted funds: These are funds donated for a specific purpose expressed by the donor into either a new fund created for a specific purpose or an existing restricted fund and are spent as such.
What we plan to do with your donations: our future plans
The Charitable Fund policy states that fund holders should endeavour to ensure that all donations should be expended within two years of receipt, and we will continue to ensure that donations are spent on enhancing patient care by funding a wide range of activities and training over and above the core services and facilities that are funded by the NHS. The pandemic affected activities during 2020-2022 financial years due to Infection Prevention and Control guidance. As this guidance eased in 2023/24, we are now seeing our funds expended in line with the above policy.
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Annual Report & Financial Statements 2024-25
Statement of Trustee responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently, subject to any material departures disclosed and explained in the financial statements;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose, with reasonable accuracy, at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved on behalf of the Corporate Trustee on 15[th] January 2026.
Azara Mukhtar
Chief Financial Officer Oxleas NHS Foundation Trust
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Independent examiner's report to the corporate trustees of Oxleas NHS Foundation Trust Charitable Fund
I report to the trustees on my examination of the accounts of Oxleas NHS Foundation Trust Charitable Fund (the Charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). The charity’s corporate trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 and has elected for an independent examination to be conducted.
I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no matter has come to my attention in connection with the examination which gives me reasonable cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the accounts do not accord with these records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Our report is made solely to the Charity’s trustees, as a body, in accordance with section 154 of the Charities Act 2011. Our work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for our work or for the independent examiner’s report, or for the opinions we have formed.
Ade Oyerinde
Ade O. Oyerinde, FCCA
Grant Thornton UK LLP Chartered Accountants London 15 January 2026
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Statement of Financial Activities for the year ended 31 March 2025
| 2024/25 2024/25 2024/25 2023/24 2023/24 2023/24 |
|
|---|---|
| Note Unrestricted Funds £’000 Restricted Funds £’000 Total Funds £’000 Unrestricted Funds £’000 Restricted Funds £’000 Total Funds £’000 |
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| Income and endowments | |
| Donations 4.1 2 191 193 4 28 32 |
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| Other trading activities 4.2 - 11 11 - 11 11 |
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| Interest Income 4.3 4 5 9 4 3 7 |
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| Other Incoming Resources 4.4 - 3 3 4 5 9 |
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| Total Income 6 210 216 12 47 59 |
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| Expenditure On: | |
| Raising funds - - - - - - |
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| Charitable activities 5.1 16 102 118 78 41 119 |
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| Total expenditure 16 102 118 78 41 119 |
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| Net income (10) 108 98 (66) 6 (60) |
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| Transfers between funds - - - - - - |
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| Net movement in funds (10) 108 98 (66) 6 (60) |
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| Reconciliation of funds | |
| Total funds brought forward 213 178 391 279 172 451 |
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| Fund balances carried forward 203 286 489 213 178 391 |
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Balance Sheet as at 31 March 2025
| Note | Unrestricted | Restricted | Total at 31 | Unrestricted | Restricted | Total at 31 | |
|---|---|---|---|---|---|---|---|
| funds | funds | March 2025 | funds | funds | March 2024 | ||
| £’000 | £’000 | £’000 | £’000 | £’000 | £’000 | ||
| Current Assets | |||||||
| Cash at bank and in hand | 174 | 275 | 449 | 231 | 178 | 409 | |
| Debtors | 10 | 35 | 11 | 46 | - | - | - |
| Total Current Assets | 209 | 286 | 495 | 231 | 178 | 409 | |
| Creditors | |||||||
| Creditors: Liabilities falling | 11 | (6) | - | (6) | (18) | - | (18) |
| due within one year | |||||||
| Net Current Assets | 203 | 286 | 489 | 213 | 178 | 391 | |
| Total Net Assets | 203 | 286 | 489 | 213 | 178 | 391 | |
| Funds of the Charity | |||||||
| Restricted income funds | 12 | - | 286 | 286 | - | 178 | 178 |
| Unrestricted income funds | 13 | 203 | - | 203 | 213 | - | 213 |
| Total Charity Funds | 203 | 286 | 489 | 213 | 178 | 391 |
The notes on pages 12 to 19 form part of these accounts.
Approved on behalf of the Corporate Trustee on 15[th] January 2026.
Azara Mukhtar Chief Financial Officer Oxleas NHS Foundation Trust
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Statement of Cash Flows for the Year Ending 31[st] March 2025
| Note | Year Ended | Year Ended | |
|---|---|---|---|
| 31stMarch 2025 | 31stMarch 2024 | ||
| £000 | £000 | ||
| Cash flows used in operating activities: | |||
| Net Cash used in operating activities | 14 | 31 | (70) |
| Interest Income | 4.3 | 9 | 7 |
| Net cash used in investing activity | 40 | (63) | |
| Change in cash and cash equivalents in the year | 40 | (63) | |
| Cash and cash equivalents at the beginning of | 409 | 472 | |
| the year | |||
| Total cash and cash equivalents at the end of | 449 | 409 | |
| the year |
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Notes to the Accounts
1 Accounting Policies
1.1 Basis of preparation
These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102), applicable United Kingdom Financial Reporting Standards (FRS 102) and the Charities Act 2011. The Trustee considers that the going concern basis is an appropriate basis on which to prepare these financial statements. No significant judgements have been exercised in preparing the financial statements as none of the charity’s operations require such judgement, similarly there no key sources of estimation uncertainty.
The charity constitutes a public benefit entity as defined by charities SORP (FRS 102).
1.2 Income
All income is recognised once the Charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value can be measured with sufficient reliability.
When there are terms or conditions attached to income then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms and conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income. The above applies to all sources of income that appear on the Statement of Financial Activity, being Donations, Other trading activities, Interest income and Other incoming Resources.
1.3 Funds structure
Oxleas NHS Foundation Trust Charitable Fund comprises ‘restricted income’ and ‘unrestricted income’ funds. Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts as a restricted fund. All ‘unrestricted’ funds can be spent at the Trustee’s discretion. The major funds and material funds held in this category are disclosed in notes 11 and 12 of the Accounts. The Charity has no ‘endowment funds’.
1.4 Expenditure and irrecoverable VAT
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. All expenditure is recognised once there is a legal or constructive obligation committing the Charity to make payment to a third party. VAT is irrecoverable and is charged against the category of resources expended for which it was incurred
1.5 Analysis of governance and support costs
The Charitable Fund was charged £6,000 by Oxleas NHS Foundation Trust (2023/24: £6,000) to cover the cost of Fund management and administration as no staff are directly employed by the charity and is charged £6,000 (including VAT) as an Independent examination fee by Grant Thornton UK LLP. The cost is apportioned between the largest twelve funds based on individual balances at the start of the financial year. The apportioned governance costs relating to restricted funds are accounted for under restricted funds and the apportioned governance costs for unrestricted funds are accounted for under unrestricted funds. These costs are included within the total cost of ‘charitable activities’.
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
1.6 Costs of raising funds
The costs of raising funds are those attributable to raising income for the Charity. They represent fundraising costs.
1.7 Charitable activities
Expenditure on activities for the ongoing benefit of patients and staff are charged directly to Charitable Activities, as are all costs incurred in the pursuit of the charitable objects of the charity.
1.8 Cash and cash equivalents
Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due.
1.9 Creditors
Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.
1.10 Debtors
Debtors are amounts owed to the charity. They are measured at the amount that the charity expects to receive to settle the debt.
2. Prior year comparatives by type of fund
The primary statements provide prior year comparatives in total; notes 4,5,11 and 12 provide prior period comparatives for the Statement of Financial Activities and the Balance Sheet for each of the types of fund held.
3. Related Party Transactions
Neither the Corporate Trustee or key management staff or parties related to them have undertaken any material transactions with Oxleas NHS Foundation Trust Charitable Fund during the financial year or received any benefit from the Charity in payment or kind. Payments to Oxleas NHS Foundation Trust for expenditure incurred on the Charity’s behalf are made periodically throughout the year, including a payment of £6,000 to Oxleas NHS Foundation Trust for administration and management costs during the financial year (2023/24: £4,800).
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In total £35k was owed from Oxleas NHS Foundation Trust at year end (2023/24: £7k owing to Oxleas).
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During the year two payments were made from Oxleas NHS Foundation Trust to the Oxleas NHS Foundation Charitable Fund totalling £85,522.76 (2023/24: three payments totalling £17,261.60)
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Nine payments were made from the Oxleas NHS Foundation Trust Charitable Fund to Oxleas NHS Foundation Trust totalling £67,844.93 (2023/24: nine payments totalling £87,209.26).
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
4. Analysis of income and endowment from generated funds
4.1 Income from Donations
| Donations Covid-19 Fund Harambee GHP Fund Other Funds Total |
2024/25 Unrestricted funds 2024/25 Restricted funds 2024/25 Total 2023/24 Unrestricted funds 2023/24 Restricted funds 2023/24 Total £000 £000 £000 £000 £000 £000 - 178 178 - 25 25 - 10 10 - - - 2 3 5 4 3 7 |
|---|---|
| 2 191 193 4 28 32 |
Donations from individuals are gifts from members of the public, relatives of patients, and staff.
4.2 Other Trading Activities
| Fundraising Greenwich OPMH Greenwich Adults Total |
2024/25 Unrestricted funds 2024/25 Restricted funds 2024/25 Total 2023/24 Unrestricted funds 2023/24 Restricted funds 2023/24 Total £000 £000 £000 £000 £000 £000 - 10 10 - 10 10 - 1 1 - 1 1 |
|---|---|
| - 11 11 - 11 11 |
4.3 Interest Income
£8,718 interest was earned on the Trust Funds for 2023/24 (2023/24: £6,964).
Interest is apportioned between all charitable funds based on their balance at the end of each month throughout the financial year.
4.4 Other Incoming Resources
| Pharmacy Fund Child & Adolescent Psychotherapy Total |
2024/25 Unrestricted funds 2024/25 Restricted funds 2023/24 Total 2023/24 Unrestricted funds 2023/24 Restricted funds 2023/24 Total £000 £000 £000 £000 £000 £000 - 4 4 - 5 5 - - - 4 - 4 |
|---|---|
| - 4 4 4 5 9 |
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
5. Analysis of charitable expenditure
5.1 Charitable Activities
| Patient Welfare Cov-19 Fund General Purpose Estates General Fund Greenwich OPMH Other Funds Staff Welfare General fund Covid-19 fund Harambee GHP Postgrad Fund Other Funds Other Expenditure QMH Medical Education Child & Adolescent Psychotherapy Forensic Psychology Other Funds Governance Costs Total |
2024/25 Unrestricted funds 2024/25 Restricted funds £000 £000 - - - - 4 - - 6 - 1 |
2024/25 Total 2023/24 Unrestricted funds 2023/24 Restricted funds 2023/24 Total £000 £000 £000 £000 - - 18 18 - 8 - 8 4 6 - 6 6 - 3 3 1 - 3 3 |
|---|---|---|
| 4 7 |
11 14 24 38 |
|
| 1 - - 75 - 10 3 - - 2 |
1 46 - 46 75 - 3 3 10 - - - 3 - - - 2 6 3 9 |
|
| 4 87 |
91 52 6 58 |
|
| - - - - 2 - - 2 |
- - 6 6 - 3 - 3 2 2 - 2 2 1 2 3 |
|
| 2 2 |
4 6 8 14 |
|
| 6 6 |
12 6 3 9 |
|
| 16 102 |
118 78 41 119 |
Governance costs of £6,000 (including VAT) for the 2024/25 independent examination fee (2023/24: £6,000) and a £6,000 recharge of administrative costs from Oxleas NHS Foundation Trust (2022/23: £4,800) have also been added to Charitable activities expenditure in 2024/25, giving the total expenditure of £119,000 in the Statement of Financial Activities.
6. Role of Volunteers
We have 9 volunteers who manage our two snack shops, one based in the Memorial Hospital, and one in Oxleas House. Any profits from the shop are put into two Trust funds one for adult mental health patients within Oxleas House and the other being the Trust fund for Older people. The funds are usually used to pay for entertainers on the wards, emergency clothing and toiletries, and to keep the gardens in good condition for our patients, visitors and staff. The funds are also used for certain items of equipment on the ward and for celebrating special occasions for the patients. The funds received in the snack shops have picked up in the last year and we were able to fund the Christmas presents for the in-patients throughout the Trust, who were with us on Christmas Day. The introduction of a credit card machine
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
at the Memorial Hospital has helped to increase the takings at this location. We have also had 2 vending machines installed, one in the Memorial Hospital and one in High Point House, of which the profits also go into the same Trust fund.
Trustees remuneration, benefits and expenses
The Directors of the Charity’s Corporate Trustee give their time freely and receive no remuneration for the work that they undertake as trustees. No expenses were claimed by the Directors of the Corporate Trustee in the period.
8. Independent examiner’s remuneration
The independent examiner’s remuneration of £6,000 (including VAT) (2023/24: £6,000) related solely to the independent examination with no other additional work being undertaken.
9. Transfers between Funds
There were no transfers made between the funds during the year 2024/25 (2023/24: £nil).
10. Analysis of Current Assets
| Amounts due from Oxleas NHS Foundation Trust Accrued Income Total |
2024/25 Total £000 35 11 46 |
2023/24 Total £000 - - |
|---|---|---|
| - |
11. Analysis of Current Liabilities
| Independent examiners’ fee accrual Amounts due to Oxleas NHS Foundation Trust Total |
2024/25 Total £000 6 - 6 |
2023/24 Total £000 10 7 |
|---|---|---|
| 17 |
No special conditions apply to the amount due to Oxleas NHS Foundation Trust.
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
12. Analysis of restricted funds
The following funds, shown separately below, are considered material in respect of the size of their opening/closing balances .
| Resources | Resources | ||||||
|---|---|---|---|---|---|---|---|
| Balance | Incoming | Expenditure | Transfers | Balance | |||
| 1 April | 31 March | ||||||
| 2024 | 2025 | ||||||
| £000 | £000 | £000 | £000 | £000 | |||
| Pharmacy* | 79 | 5 | (3) | - | 81 | ||
| Covid-19* | 27 | 178 | (75) | - | 130 | ||
| QMS Medical Education* | 25 | - | (2) | - | 23 | ||
| Other funds (14) | 47 | 27 | (22) | - | 52 | ||
| Total | 178 | 210 | (102) | - | 286 | ||
| Resources | |||||||
| Balance | Incoming | Expenditure | Transfers | Balance | |||
| 1 April | 31 March | ||||||
| 2023 | 2024 | ||||||
| £000 | £000 | £000 | £000 | £000 | |||
| Pharmacy* | 76 | 6 | (3) | - | 79 | ||
| Covid-19* | 24 | 25 | (22) | - | 27 | ||
| QMS Medical Education * | 31 | 1 | (7) | - | 25 | ||
| Other funds (14) | 41 | 15 | (9) | - | 47 | ||
| Total | 172 | 47 | (41) | (-) | 178 |
* The Pharmacy fund and QMS Medical Education are to provide staff training and welfare, whilst Covid-19 was formed due to funding received from NHS Charities Together and is specifically to support staff during the pandemic.
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
13. Analysis of unrestricted funds
| Resources | Resources | |||||
|---|---|---|---|---|---|---|
| Balance | Incoming | Expenditure | Transfers | Balance | ||
| 1 April | 31 March | |||||
| 2024 | 2025 | |||||
| £000 | £000 | £000 | £000 | £000 | ||
| General Purpose* | 117 | 1 | (5) | - | 113 | |
| Estates General* | 34 | - | (6) | - | 28 | |
| Forensic Psychology* | 31 | 1 | (4) | - | 28 | |
| Postgraduate* | 10 | 2 | (3) | - | 9 | |
| Other funds (5) | 21 | 2 | 2 | - | 25 | |
| Total | 213 | 6 | (16) | - | 203 | |
| Resources | ||||||
| Balance | Incoming | Expenditure | Transfers | Balance | ||
| 1 April | 31 March | |||||
| 2023 | 2024 | |||||
| £000 | £000 | £000 | £000 | £000 | ||
| General Purpose* | 177 | 2 | (62) | - | 117 | |
| Estates General* | 40 | 1 | (7) | - | 34 | |
| Forensic Psychology* | 35 | 1 | (5) | - | 31 | |
| Postgraduate* | 13 | - | (3) | - | 10 | |
| Other funds (5) | 14 | 8 | (1) | - | 21 | |
| Total | 297 | 4 | (32) | - | 213 |
* The General Purpose fund is held to support any expenditure approved but not in line with the other purposes of an existing fund. The Estates General fund is to fund expenditure on property held by NHS Foundation Trust. The purpose of Forensic Psychology is for research, staff support and education. The Postgraduate fund is for the further education and training of medical staff.
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Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
13. Connected Organisations
Oxleas NHS Foundation Trust is the Corporate Trustee of Oxleas NHS Foundation Trust Charitable Fund.
Oxleas NHS Foundation Trust provides services in Greenwich, Bexley, Bromley, Prison Health services across South London, South West England and Kent along with Specialist Forensic Mental Health Services (inpatient and community).
We are organised into six clinical directorates:
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Adult Acute and Crisis Mental Health
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Adult Community Mental Health
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Adult Community Physical Health
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Children and Young People’s Services
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Adult Learning Disability
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Forensic and Offender Healthcare Services
The Trustee has concluded that the Directors of the Trust and the Trust fund directors comprise the key management personnel of the charitable funds as they are in charge of:
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Directing and controlling the charitable funds
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Running and operating the charitable funds on a day-to-day basis.
The income and surplus/ deficit figures from the accounts of Oxleas NHS Foundation Trust are summarised below. The accounts can be found at:
http://oxleas.nhs.uk/about-us/trust-publications/
Oxleas NHS Foundation Trust
2024/25 2023/24 Total Income Deficit Total Income Surplus £000 £000 £000 £000 535,587 10,322 493,396 4,117
14. Reconciliation of net movement in funds to cash used in operating activities
| 2024/25 Total | 2023/24 Total | |
|---|---|---|
| £ | £ | |
| Net movement in funds | 98 | (60) |
| Adjustments for: | ||
| Deduction in bank interest shown in investments | (9) | (7) |
| Decrease/ (increase) in debtors | (40) | - |
| (Decrease)/ increase in creditors | (18) | (3) |
| Net cash used in operating activities | 31 | (70) |
15. Post Balance Sheet Events
There were no post balance sheet events.
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Commercial in Confidence
Oxleas NHS Foundation Trust Charitable Fund Annual Report & Financial Statements 2024/25
Ways in which to support our charity
Donations can be made in the following ways:-
Direct into the bank account
Please contact Oxleas NHS Foundation Trust finance department on 01322 625798 in order to discuss the donation and obtain our bank details.
By post
Please send a cheque, made payable to ‘Oxleas NHS Foundation Trust’, and include on the back of the cheque the funds that you would like to donate to so that we can arrange an internal transfer from there. Please send this cheque to:
Oxleas NHS Foundation Trust Finance Department Pinewood House Pinewood Place Dartford Kent DA2 7WG
By donation/fundraising on our behalf
For example by opening a Just Giving page. If you are an individual, group or organisation who is interested in raising money on behalf of the Charity please contact Oxleas finance on 01322 625798 for help and support with your planned event.
Gift aid
Gift aid allows us to increase the value of your donations at no extra cost to you. For every pound donated to us we can get an extra 25 pence from HM Revenue and Customs helping your donation go further. The only condition in doing this is that you are a UK taxpayer. In order to allow us to claim Gift aid simply advise us at the time of making your donation and provide us with your full name and address.
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