2022-03-31-accounts - Derby and Burton Hospitals Charity

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Registered Charity Number- 1061812

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Annual Report and Accounts
2021-2022
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Participants in the Mount Snowdon 2
Fundraiser
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Contents	Page

The Corporate Trustee Foreword	4
Annual Report	6
Statement of Responsibilities	13
Independent Auditors’ Report	15
Main Statements	19
Statement of Financial Activities	20
Balance Sheet	21
Cash Flow Statement	22
Notes to the Accounts	23
Accounting Policies	32
Glossary	37

Derby and Burton Hospitals Charity Annual Report and Accounts 2021-2022

Donations for the NMU from Ivy House Derby and Burton Hospitals Charity Annual Report and Accounts 2021-2022

Outside Queen’s Hospital in Burton and the Royal Derby Hospital stand two identical sculptures, one of which is pictured on the front cover of this report. The metal heart is filled with coloured glass panes which catch the sunlight. These beautiful structures have been placed there as a commemoration to those staff and patients we sadly lost during the COVID pandemic. We invited family and work colleagues to join us when we unveiled the sculptures last November. It was a poignant moment, reminding us of who and what we have lost during this most difficult time in the life of our hospitals and our nation.

The creation of these amazing sculptures was made possible through funds raised by Derby and Burton Hospitals Charity during the pandemic and through the work of Air Arts, who commissioned them. In the past year, the Charity has funded the expansion of Air Arts’ work to cover all our hospitals sites. Their work covers so much more than art installations in the grounds, impressive though they are. They provide art therapy sessions for both patients and staff, live music in the hospital, and encourage staff to pursue their creative passions through art, poetry, and photography clubs. For many patients and staff, creativity is one way to cope with ill health or stress at work, and the results can be both stunning and profound. We also know that being creative can aid recovery from stress or illness, and Air Arts are undertaking a long-term evaluation of their work to understand better what difference art makes in hospitals.

Another partnership the Charity was pleased to support was a project run by Treetops Hospice – the Roaming Nursing Service. This provided out of hours palliative care to patients at home, isolated by the pandemic and their terminal illness, and became a lifeline for the patients and their families. We were able to support this because Treetops patients are also our patients, so it made sense to support Treetops’ work in this way.

Both the partnership with Treetops and Air Arts also benefitted from funding received from NHS Charities Together, who raised £150 million during the pandemic. In this case Derby and Burton Hospitals Charity was able to match the funding offered by NHS Charities Together, which meant our funds were able to go further and achieve much more.

One conclusion we can draw from last year, is that whilst we have lost many dear friends and partners, we have also come together with new partners, and by working together will be able to provide greater benefits for our patients, staff, and visitors at all our hospitals, as well as supporting projects outside the hospital estate.

We will not forget the friends and colleagues we lost in the pandemic. And neither will we forget the gratitude we owe to you, and all those who have supported us financially and in other ways over the past year. Thank you again for all your support for Derby and Burton Hospitals Charity over the past year. We really appreciate it.

As Chair of University Hospitals of Derby and Burton NHS Foundation Trust (UHDB) who act as Corporate Trustee to the Charity, I am therefore delighted to present the annual report and accounts for Derby and Burton Hospitals Charity for the year ending 31[st] March 2022 in accordance with the Charities Act 2011.

Dr Kathy McLean OBE Chair, University Hospitals of Derby and Burton NHS Foundation Trust DATE: 22 September 2022

Participants in the 2021 Santa Run Derby and Burton Hospitals Charity Fundraiser Annual Report and Accounts 2021-2022

a) Mission Statement

To support the Trust in delivering 21[st] century healthcare, enhancing the patient experience for the people we serve.

b) Our Vision and Strategic Objectives

To become the local Charity of choice for the people of Derbyshire and Staffordshire and surrounding areas.

“For any charitable purpose or purposes relating to the National Health Service wholly or mainly for the services provided by the University Hospitals of Derby and Burton NHS Foundation Trust (UHDB)”

The Charity aims to achieve benefit for the public in all its activities. UHDB’s Trust Board reviews the Charity Commission’s general guidance on public benefit when setting the terms of reference for the Charitable Funds Committee. The Charitable Funds Committee takes account of the Charity Commission’s guidance on public benefit in planning the budget for each year, and in setting or reviewing the guidelines for Fund Advisors, who allocate charitable spending. The funds of the Charity are comprised primarily of donations and legacies from members of the public and private organisations. The Charity’s overall objective is to use these funds to benefit the public. The Charity achieves this by ensuring that its funds are used for the following purposes:

To purchase medical, surgical, and other equipment and services.
To purchase or construct assets for donation to the Trust; and
To fund research projects.

These activities benefit the public. They are not covered, or not fully supported by core NHS funds. The Charity defines “the public” as patients, their Carers and the NHS staff who look after them in Derbyshire, East Staffordshire and beyond. All grant applications from the Trust for charitable expenditure are subject to review and challenge before they are approved. Applications are considered under the scheme of delegation and where required are reported for decision to the Charitable Funds Committee, within the delegated limits, or directly to the Trust Board, as Corporate Trustee. This includes confirmation that the expenditure is for public benefit and cannot be met through core NHS funds. Derby and Burton Hospitals Charity is at its most effective when it combines the expertise and commitment of highly skilled NHS staff, with the generous support of the Derbyshire and Staffordshire communities to bring about better-quality care and support for patients. UHDB, as Corporate Trustee confirms that it has referred to the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives; planning future activities; and setting the grant-making policy for the year.

Derby and Burton Hospitals Charity Annual Report and Accounts 2021-2022

c) A short operational review of 2021-22 by the Charity Operations Director, Tim Diggle.

The Charity provided continuing support for University Hospitals of Derby and Burton Hospitals Foundation Trust throughout the second year of the COVID pandemic. We offered support to clinical areas who were experiencing staff shortages due to staff off with COVID. This meant there were times when charity offices and the Charity Hub at the Royal Derby Hospital were closed for short periods of time.

Many groups and individuals who were new to us during the first year of the pandemic continued to support the Charity financially in the second year and we are grateful for their support. The total amount raised and some of the areas we supported are shown below.

Derby and Burton Hospitals Charity Annual Report and Accounts 2021-2022

With visiting restrictions in place, and many staff required to work from home, the Charity team continued to operate a rota system to make sure we had staff cover every day. The hospitals were much quieter, but there were times when the Charity team were asked to help clinical areas at short notice.

We said goodbye to the Head of Fundraising and Charity Admin Assistant and welcomed the Corporate and Community Fundraiser and the Engagement Officer. As the vaccination programme moved on and life began to return to normal, we reintroduced an events programme during the year and held events in person. We also started to develop our long-term plan, which will inform and guide our work over the next five years.

d) Charity Structure, Governance and Management

The UHDB Trust, through its Board, act as the Corporate Trustee of the Charity. The Corporate Trustee has established a Charitable Funds Committee (CFC) which reports to the Corporate Trustee on a regular basis.

The Committee meets at least six times a year, and is made up of six members, comprising four nonexecutive Directors of the Trust, and two Executive Directors (including the Executive Director of Finance & Performance). The CFC has terms of reference which include;

Oversight and assurance of the Charity, ensuring it acts within its charitable objectives and complies with the law
Approving the annual plan of expenditure and ensuring that the funds are used as appropriate
Ensuring effective financial controls and risk arrangements, including fund raising and investment strategies and reviewing the performance of investments.

On behalf of the Trust Board, the Corporate Trustee approves all major decisions and remains responsible for the activities of the Charity. The Directors do not receive any remuneration for their role as Corporate Trustee.

Derby & Burton Hospitals Charity’s principal office is Royal Derby Hospital, Uttoxeter Road, Derby, DE22 3NE. The Charity registration number is 1061812. The Charity’s governing document is the Declaration of Trust dated 13/3/97 as amended by Statutory Instrument of 18 March 1999 together with Supplement Deeds of 16 November 1999 and 17 August 2004, and further amended on 06 Nov 2018 following the merger of Derby and Burton NHS Foundation Trusts in July 2018.

e) The Corporate Trustee Members

The Charity works to support the University of Derby and Burton Hospitals NHS Foundation Trust. The Charity works across all the five sites and the wider community across Derbyshire and East Staffordshire. Full details of the Trust related parties are disclosed in the UHDB Annual Report and accounts. The current list of Trust Board Members, who sit as the Corporate Trustee, is shown in the table below.

Derby and Burton Hospitals Charity Annual Report and Accounts 2021-2022

Corporate Trustee Members 21/22

Executive Directors	Position Held	Change During Year (if applicable)
Duncan Bedford	Executive ManagingDirector - Burton	N/A
Dr James Crampton	Interim Executive Medical Director	Appointed as Interim 01/02/2022
Simon Crowther	Executive Director- Finance and Performance and Interim Deputy Chief Executive	Appointed as Interim Deputy Chief Executive 01/02/22
Dr Magnus Harrison	Interim Chief Executive - Executive Medical Director	Appointed as Interim Chief Executive 01/02/22
Sharon Martin	Executive Chief OperatingOfficer	N/A
Amanda Rawlings	Executive Director of People and Organisational Development	N/A
CathyWinfield - MBE	Executive Chief Nurse	N/A
Executive Directors Left During the Year	Position Held	Change During Year (if applicable)
Gavin Boyle	Chief Executive	Left 31/01/22
Peter Moore	Executive Director of Strategy and Integration	Seconded at another organisation commenced on 18/10/21
Non-Executive Directors	Position Held	Change During Year (if applicable)
Professor Victoria Chapman	Non - Executive Director	Appointed 01/02/20 and Term Expires 31/01/23
Kathy Farndon	Non - Executive Director	Appointed 01/05/20 and Term Expires 30/04/23
Christine Fearns	Non - Executive Director	Appointed 01/02/20 and Term Expires 31/01/23
Dr Ian Gell	Non - Executive Director	Appointed 01/07/19 and Term Expires 30/06/22
Stephen Jarratt	Non - Executive Director	Reappointed November 2022 to 30/04/23
Dr Kathy McLean - OBE	Chair	Reappointed January 2022 for term of office 01/08/2022 to 31/07/2025
Sardip Sandhu	Non - Executive Director	Appointed 15/02/21 and Term Expires 14/02/24
Justin Shannahan	Non - Executive Director	Reappointed Nov 21 for term of office 01/06/2022 to 31/05/2025
Joy Street	Non - Executive Director	Initially Appointed 01/07/2018 (extended Nov 2019) and Term Expires 31/03/23

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f) Our Staff

The Charity Team (led by the Charity Operations Director) are directly employed by the UHDB Trust (with NHS contracts of employment). All of the teams salaries are re-charged to the Charity which funds the salary costs through the operational budget.

The Charity also receives financial advice from the University Hospitals of Derby and Burton Foundation Trust. This support is managed and provided by the Executive Director - Finance and Performance and the Assistant Director of Financial Services. However the Charity is able to obtain independent legal and financial advice through the Corporate Trustee if required.

g) Management of the Charity’s funds

The Charity’s aim is to enhance and improve the experience of patients and visitors using the hospital and to support the Trust staff to enable improved patient care. The funds are held across 230 individual charitable funds.

To be fully effective the Charity will ensure:

Careful stewardship of donations. We will use the funds effectively and in a timely manner and where appropriate we will see that pro-active fundraising is in place to increase income.
Donations are used according to donors’ wishes and that information is collected and maintained in accordance with all applicable laws concerning data protection regulations (GDPR) in respect of personal data.
Support is provided to Fund Managers in the proper discharge of their responsibilities and ensuring that each individual fund prepares an acceptable plan.

Expenditure is reviewed in detail, the costs of running the Charity are minimised through efficient governance and administration purposes and the costs of fundraising are measured against the level of income generation relating to that expenditure.

h) Risk Management

The Corporate Trustee utilises the Trust Risk Management Policy. Operational, financial, and reputational risks are considered throughout the reports to both Charitable Funds Committee and Corporate Trustee.

i) The Future Plans

Whilst the Charity coped well with the different stresses it became clear there are things we can do to improve our effectiveness. As a result we have committed to the following goals;

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The goals shown above are central to our five year strategy, which links with the University Hospitals of Derby & Burton’s PRIDE ambitions.

The work we plan will take time to show results, but we will continue to support patients and staff as we come out of the pandemic, move into the recovery phase and support the hospitals as they catch up on the backlog of patient care.

Signed on behalf of the Trust Board and the Corporate Trustee

Dr Kathy McLean OBE Chair of the Trust Board DATE: 22 September 2022

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Derby and Burton Hospitals Charity
Donations from members of the Guru Annual Report and Accounts 2021-2022
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Statement of Responsibilities

The Trustee are responsible for preparing the Trustee’s Report and the Financial Statements in accordance with applicable law and the United Kingdom Accounting Standards known as United Kingdom Generally Accepted Accounting Practice (UKGAAP).

The law applicable to charities in England and Wales required the Trustee to prepare financial statements for each financial year, which give a true and fair view of the state of the 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 Trustee are required to:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards (comprising of FRS102) have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable organisation will continue to operate.

The Trustee are responsible for keeping proper accounting records that disclose with reasonable accuracy, and at any time the financial position of the Charity and to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provision 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 Trustee 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 dissimination of financial statements may differ from legislation in other juristictions.

Signed On behalf of the Corporate Trustee

Interim Chief Executive Magnus Harrison

DATE: 22 September 2022

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Derby & Burton Il Hospitals Charity Independent Auditors Report KwJ"i

Independent Auditor’s Report to the Trustees of Derby & Burton Hospitals Charity

Opinion

We have audited the financial statements of Derby & Burton Hospitals Charity (the ‘charity’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the charity’s affairs as at 31 March 2022, and of its incoming resources and application of resources, for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or • the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ Annual Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the financial statements is inconsistent in any material respect with the trustees’ report;

sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 14, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the charity and industry, we identified that the principal risk of fraud or noncompliance with laws and regulations related to:

management bias in respect of accounting estimates and judgements made;
management override of control;
posting of unusual journals or transactions
significant cash-based transactions
receipt of cash donations
use of charitable funds

We focussed on those area that could give rise to a material misstatement in the Charity financial statements. Our procedures included, but were not limited to:

Enquiry of management and those charged with governance around actual and potential litigation and claims,
including instances of non-compliance with laws and regulations and fraud;
Reviewing Charitable Funds Committee minutes;
Reviewing legal expenditure in the year to identify instances of non-compliance with laws and regulations and
fraud

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

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• Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business, and reviewing accounting estimates for bias. In particular performing tests of control for donation envelops and review of specific fund expenditure.

It is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

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. Our audit 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 auditor’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 audit work, for this report, or for the opinions we have formed.

James Delve (Senior Statutory Auditor) For and on behalf of PKF Smith Cooper Audit Limited Statutory Auditors St Helens House King Street Derby DE1 3EE Date: 22 September 2022

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Val Haylett from Derbyshire Freemasons Derby and Burton Hospitals Charity Annual Report and Accounts 2021-2022

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Statement of Financial Activities

The Statement of Financial Activities is a financial report detailing the change in the Charity’s net assets during the financial year.

It provides an analysis of the income and endowment funds received and the expenditure by the Charity on its activities, and presents a reconciliation of the movements in the Charity’s funds for the reporting period.

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2021-22 2020-21
£000 £000 £000 £000 £000 £000 £000 £000
Income and Endowments from:
Donations and Legacies (1,428) (132) 0 (1,560) (1,462) (396) 0 (1,858)
Charitable Activities Income (142) 0 0 (142) (56) (50) 0 (106)
Other Trading Activities 2 (239) 0 0 (239) (292) 0 0 (292)
Investment Income (395) 0 0 (395) (276) 0 0 (276)
Other Income (14) 0 0 (14) (4) 0 0 (4)
Total Income (2,218) (132) 0 (2,350) (2,090) (446) 0 (2,536)
Expenditure On:
Raising Funds 439 0 0 439 382 0 0 382
Charitable Activities 2,013 176 0 2,189 1,510 235 0 1,745
Total Expenditure 2,452 176 0 2,628 1,892 235 0 2,127
Net (Gains)/Losses on Investments (657) 0 (21) (678) (1,942) 0 (55) (1,997)
Net (Income)/Expenditure (423) 44 (21) (400) (2,140) (211) (55) (2,406)
Transfers Between Funds 0 0 0 0 71 (71) 0 0
Net Movement in Funds (423) 44 (21) (400) (2,069) (282) (55) (2,406)
Reconciliation of Funds
Total Funds Brought Forward (10,907) (379) (338) (11,624) (8,838) (97) (283) (9,218)
Total Funds Carried Forward (11,330) (335) (359) (12,024) (10,907) (379) (338) (11,624)
3
Note
Funds Funds Funds Funds Funds Funds
Restricted Restricted
Unrestricted Endowment Total Funds Unrestricted Endowment Total Funds
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Balance Sheet

The balance sheet provides a true and fair view of the Charity’s assets and liabilities and how these are represented by the different classes of funds held by the Charity. The objective of the balance sheet is to show the resources available to the Charity and whether these are available for all purposes of the Charity or have to be used for specific purposes because of legal restrictions placed on their use.

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As at 31 March 2022 As at 31 March 2021
£000 £000 £000 £000 £000 £000 £000 £000
Fixed Assets: Investments 7 9,912 335 359 10,606 9,210 379 338 9,927
Total Non-Current Assets: 9,912 335 359 10,606 9,210 379 338 9,927
Debtors 9 130 0 0 130 172 0 0 172
Stocks 10 9 0 0 9 5 0 0 5
Cash and Cash Equivalents 11 1,604 0 0 1,604 1,731 0 0 1,731
Total Current Assets 1,743 0 0 1,743 1,908 0 0 1,908
Current Liabilities: Creditors 12 (325) 0 0 (325) (211) 0 0 (211)
Total Current Liabilities (325) 0 0 (325) (211) 0 0 (211)
Total Net Assets 11,330 335 359 12,024 10,907 379 338 11,624
The Funds of the Charity:
Endowment Funds 17 0 0 359 359 0 0 338 338
Restricted Funds 18 0 335 0 335 0 379 0 379
Unrestricted Funds 19 11,330 0 0 11,330 10,907 0 0 10,907
Total Funds 11,330 335 359 12,024 10,907 379 338 11,624
Funds Funds Funds Funds Funds Funds
Notes Unrestricted Restricted Endowment Total Funds March 2021 Unrestricted Restricted Endowment Total Funds March 2020
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Signed On behalf of the Corporate Trustee

Magnus Harrison Interim Chief Executive

DATE: 22 September 2022

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Cash Flow

The Statement of Cashflow aims to show how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities. Essentially, the cash flow statement is concerned with the flow of cash in and out of the Charity.

	Total Funds 2021-22 £000	Total Funds 2020-21
Cash Outflow from Operating Activities	(522)	(204)
Net Cash Inflow in Investing Activities	395	251
Net Cash Change in Cash and cash equivalents	(127)	47
Cash and Cash Equivalents at the Beginning of the Period	1,731	1,684
Cash and Cash Equivalents at the End of the Period	1,604	1,731

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Derby and Burton Hospitals Charity Unveiling of a new Charity funded statue at Annual Report and Accounts 2021-2022

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Introduction

These accounts have been prepared using the Going Concern convention. The Trustees consider that there are no material uncertainties affecting the current year’s accounts. In future years the Trustees have identified that there is a risk of decline in donations; particularly in relation to legacy income. The Trustees have made adequate arrangements to mitigate these risks as outlined in the Annual Report.

If at any time this document gives reference to terms which are unclear in their meaning, please refer to the glossary which can be found from page 37 onwards. The Charity acknowledges that from time to time there may be minor rounding differences between notes to the accounts and the main statements. Where those amounts account for less than £5k, the Charity deems them to be insignificant in nature and therefore an acceptable rounding difference.

1. Changes in Accounting Policy

The Accounting Policies for the Charity form part of the overall Governance Framework document approved by the Charitable Funds Committee. The accounting policies can be found from page 32. There have been no changes in Accounting Policy for 2021-22.

2. Incoming Resources

Income from donations and legacies is further analysed below. The reduction in general donations is due to the large anount of £418k being given to the Charity during the first year of the COVID pandemic in 2020-21.

	2021-22	2020-21
	£000	£000
Legacies and Donations In Memory	1052	984
General Donations	468	811
FundraisingIncome - 3rd Party	40	63
Total Donations and Legacies	1,560	1,858

Investment Activities are further analysed as follows:

	2021-22	2020-21
	£000	£000
Bank Interest	0	3
Investment Income	395	273
Total Investment Activities	395	276

Income from Charitable Activities includes the event registration incone and monies received from individuals who raised sponsorship for the events. Income from trading activities includes the Charity lottery, and the sale of merchandise.

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	2021-22	2020-21
	£000	£000
Charitable Activities Income	142	106
Other TradingActivities	239	292
Other Income	14	4
Total Other Activities	395	402

3. Resources Expended

Analysis of Charitable Fund Expenditure

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Unrestricted Restricted Total
2021-22 2020-21 2021-22 2020-21 2021-22 2020-21
£000 £000 £000 £000 £000 £000
Net Charitable Activities:
Medical Equipment 217 237 0 29 217 14
Patient Education and Welfare 1,006 814 55 50 1,061 1,284
Medical Research 23 24 0 0 23 23
Staff Education and Welfare 464 144 121 156 585 493
Net Charitable Activities 1,710 1,219 176 235 1,886 1,813
Plus Support Costs:
Support Costs 302 291 0 0 302 419
Total Support Costs 302 291 0 0 302 419
Total Charitable Activities
2,013 1,510 176 235 2,189 2,232
Costs
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Analysis of Expenditure on Raising funds

	2021- 22	2020- 21
	£000	£000
FundraisingStaff Costs	255	214
Advertising & Marketing Costs	23	61
FundraisingExpenditure	37	8
Lottery- RunningCosts	124	99
Total Raising Funds Costs	439	382

4. Trustees Remuneration, Benefits and Expenses

A number of the members of the Corporate Trustee sit on the Charitable Funds Committee and are eligible to reclaim expenses that they may incur in fulfilling their duties for the Charity. In 2021-22, no expenses were paid by the Charity to any Trustee for this role.

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5. Staff Costs and Remuneration to Key Charity Operational Personnel

In 2021-22 the Trust employed 12 employees on behalf of the Charity (12 employees in 2020-21). The salaries are paid by the Trust and then are recharged to the Charity.

The Charity is led by the Charity Operations Director and strategic support is received by the Executive Director of Finance and Performance and the Assitant Director of Financial Services from the Trust. A proportion of their salary is recharged by the Charity. The salaries of of the 12 Charity key operational personnel and the strategic support from the Trust are included in the table below.

	2021- 22	2020- 21
	£0	£0
Salaries and Wages	328	278
Social SecurityCosts	31	26
Other Pension Costs	43	35
Total Direct Staff Costs	402	339
Payments to AgencyStaff	14	14
Total Staff Costs	416	353

6. Auditors’ Remuneration

The external auditors remuneration 2021-22 fee for PKF Smith Cooper Ltd in respect of the statutory audit is estimated at £7k (2020-21 £8k) and is included as an accrual in the accounts.

7. Investments

The Charity investment funds held are managed by Cazenove Capital Ltd. The value of the Charity’s investments held at fair value are shown in the table below. These are held in a multi asset fund on a 100% total return basis.

Movements in the fair value of the investments are recognised as gains or losses in the Statement of Financial Activities. Current investments have a fair value equal to the deposit amount.

Asset Class	Percentage %	£000
Equities	70%	7,469
Bonds	8%	851
Alternatives	18%	1,937
Cash	3%	349
Total	100%	10,606

8. Financial Instrument Risk Analysis

The Charity Investments which are held by Cazenove Capital Ltd are held in an 100% Multi Asset Fund are classed as being Medium to High Risk. The level of investments are monitored by the Charity Finance Team and are regularly reported to the Charitable Funds Committee. The external investment management advisors have also during the financial year attended the Committee meeting and provided an update on the investments. The Charity’s financial operations are also carried out in accordance with the Charity’s Standing

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Financial Instructions and policies and the Trust Standing Orders and Financial Instructions, as agreed by the Corporate Trustee.

Currency risk

The Charity is principally a domestic organisation with the majority of transactions, assets and liabilities being in the UK and Sterling based. The Charity has no overseas operations and does not invest in currency hedging. The Charity therefore has low exposure to currency rate fluctuations.

Interest rate risk

The Charity’s investments are subject to fluctuations in their return in line with the investment portfolio determined by the Trustees. The Charity contracts its Investment Management operations to external companies who manage the portfolio to mitigate as far as possible the fluctuations in interest rates. Current liabilities of the Charity are covered by identified cash resources and are therefore not subject to interest rate risk.

Credit risk

The main income for the Charity is mainly in relation to legacy, grants and donations and sponsorship from the Charity’s events. The Charity provides no services under contract. Income is only recognised as it is given to the Charity meaning that the debtors of the Charity are low and the Charity’s exposure to credit risk is minimal.

Liquidity risk

Day to day expenses of the Charity are covered through donations, investment interest income earned and receipts received during the year. This means that the Charity is exposed to a degree of liquidity risk in that there is a dependance day to day on income being generated into the Charity’s bank account. This risk is mitigated through the balance held in the Charity Investment portfolio. If cash balances are forecasted to be low, investments would be realised to increase the cash balance.

9. Debtors

Legacies Debtors - External Total Debtors	2021-22	2020-21
	£000	£000
	15	113
	115	59
	130	172

The legacies figure above relates to the Pecuniary Legacies where the Charity has been notified of an exact amount due from solicitors and legacy notification services.

10. Stock

	2021-22	2020-21
	£000	£000
Merchandise	9	5
Total Stock	9	5

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11. Cash and Cash Equivalents

	2021-22	2020-21
	£000	£000
CharityCurrent Account	1217	1447
CharityLotteryAccount	387	284
Total	1,604	1,731

12. Creditors

Amounts owed to University of Derby and Burton Hospitals NHS Foundation Trust (UHDB) at the 31 March 2022, relate to the sundry creditor payments made by the Trust on behalf of the Charity that have not been recharged.

	2021-22	2020-21
	£000	£000
Creditors - Amounts due within one year	66	64
UHDB	259	147
Total Creditors	325	211

13. Contingent Asset

The Charity has accrued for the probable legacies where the Charity has been informed of these by Solicitors and a legacy notification service. The estimated probable accrual is £242k (£349k. 2020-21), however the maximum notified income could be as high £928k (£1.058m in 2020-21). The Charity has accrued for £15k (£113k in 2020-21) therefore recognises that there is a possible contingent asset of £913k (£946k in 202021).

14. Donated Items

No donated items of value that can be reliably measured have been received by the Charity during 21-22. During the previous financial year 20-21, and mainly at the start of the COVID pandemic the Charity received several donated goods. Management estimated the value of the goods to be around £53k however as these could not be reliably measured, these were not recognised in the financial statements.

15. Commitments

Of the total balance at 31 March 2022, the Charity has £1.389m (1.884m restated in 2020-21) that it has designated and committed (not provided for as a liability in the accounts).

16. Related Party Transactions

The Charity has a related party relationship with the University of Derby and Burton Hospitals NHS Foundation Trust. The Trust holds the employment contracts for all Charity staff and provides the Charity with office accommodation, legal services and is the responsible Corporate Trustee for the Charity.

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The stakeholders in the Charity are the Patients, Board Members, Governors and staff of the Trust. Patients and Staff of the Trust are the beneficiaries of the Charity’s goodwill. Board Members, Governors and Staff of the Trust influence the decisions of the Charity.

Transactions between the Charity and the Trust during the year were mainly in relation to salary payments for its staff and BACS payment of Charity supplier invoices which were initially paid by the Trust and refunded by the Charity on a monthly basis.

The Charity has also reimbursed revenue and capital payments of £53k (£226k in 2020-21) to the Trust for net payments made on its behalf.

At the end of the financial year £260k (£147k in 2020-21) was owed by the Charity to the Trust.

During the year none of the members of the Corporate Trustee or members of the key management staff or parties related to them has undertaken any material transactions with the Charity (nil in 2020-21).

17. Endowment Funds

The Wilfred Noble Endowment was left to the Charity to generate investment income which is used to provide extra comforts for patients upon their discharge from hospital.

	Endowment
	£000
1 April 2020	(283)
Gains &(Losses)	(55)
31 March 2021	(338)
Gains &(Losses)	(21)
31 March 2022	(359)

18. Restricted Funds

The restricted funds held by the Charity are as follows;

The COVID Appeal Fund in respect of the pandemic for income received in support of the pandemic and also the expenditure for patients and staff has been designated a restricted fund.
The Children’s Hospital Patients Restricted Fund, arising from a reversionary legacy that is for the purchase of equipment and services for the direct benefit of children.
The charity launched a DART appeal (now renamed Combined Cancer Appeal) aimed at raising funds for the purchase of a new Linear Accelerator (Radiotherapy machine) and enhancements to the waiting areas in Radiotherapy. The money raised through this appeal for the radiotherapy is restricted for this purpose.
The Pears Fund is for volunteer support for meal time activities in the hospital which has been designated a restricted fund.

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	Restricted Funds
	£000
31 March 2020	(97)
Income	(446)
Expenditure	235
Transfers	(71)
31 March 2021	(379)
Income	(132)
Expenditure	176
Transfers	0
31 March 2022	(335)

19. Unrestricted funds

The Charity has reported material funds as those which hold 5% or more of the overall value of funds. The UHDB General Funds are those funds for general income and expenditure across the five hospitals within the Trust.

NMU Patients is for the purchase of equipment and/or services directly for patients within palliative care, typically patients who are staying on the Nightingale Macmillan Unit. NMU General is for general purposes within palliative care, typically relating to the Nightingale Macmillan Unit. Other unrestricted funds are designated funds for purposes in keeping with the principals of the Charity and wishes of the donors.

----- Start of picture text -----
£000 £000 £000 £000 £000
31 March 2020 286 484 1,907 6,162 8,838
Income 257 34 250 1,549 2,090
Expenditure (144) (25) (524) (1,199) (1,892)
Transfers 0 0 0 (71) (71)
Gains & (Losses) 0 0 0 1,942 1,942
31 March 2021 399 493 1,633 8,383 10,907
Income 306 57 175 1,680 2,218
Expenditure (209) (41) (389) (1,813) (2,452)
Transfers 0 0 0 0 0
Gains & (Losses) 0 0 0 657 657
31 March 2022 496 509 1,419 8,907 11,330
UHDB Funds NMU Other Funds Total
General Patients
NMUGeneral Unrestricted
----- End of picture text -----

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20 Reconciliation of Net (Income) Expenditure to Net Cash Flows from Operating Activities

	2021-22	2020-21
	£000	£000
Net (Income) / Expenditure	400	2,406
Less InvestingActivities	(395)	(276)
(Increase)/Decrease in Operational Creditors	114	(211)
Increase/ (Decrease) in Stock	(5)	4
Increase/(Decrease) in Operational Debtors	42	(130)
Gain/(Loss)on Investment	(678)	(1,997)
Cash (In)/Out Flow from Operating Activities	(522)	(204)

	2021-22	2020-21
	£000	£000
Income from Investments	395	276
Funds reinvested	0	(25)
Cash (In)/Out Flow from Investing Activities	395	251

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The Charity is required to compile its accounts in accordance with the SORP 2019 based on FRS102. These accounts have been prepared using the Going Concern convention. These accounts have been prepared using the historical cost convention by the revaluation of property plant and equipment. The accounting policies have been applied consistently.

1. Accounting Convention

The financial statements are prepared in accordance with Charity Law. The Charity is considered to be a Going Concern. The accounting policies of the Charity have been written with due consideration to FRS 102 in accordance with the Charity Commission Statement of Recommended Practice (the SORP) 2019.

Where no specific guidance is provided as part of the SORP, then due consideration has been given to relevant accounting standards, further guidance and generally accepted practice when developing a policy for the Charity.

The following accounting policies have been consistently applied to the Charity accounts. The accounting policies are approved by the Charitable Funds Committee preceding the year to which they relate. An update report is then presented to the Committee for any changes during the year.

Where there is a change in accounting policy, from one reportable period to the next, the nature, circumstances and effect of that change is disclosed in the Notes to the Accounts. Where appropriate, previous years financial statements will be restated in line with the new accounting policy.

Where a prior period adjustment takes place, the circumstances, nature and effect of the change will be disclosed in the notes to the accounts. Any restated information within the Statements and Notes will be presented as “Restated”.

2. Income Recognition

All incoming resources are recognised on an accruals basis and are included in full in the Statement of Financial Activities as soon as the following three criteria have been met:

Entitlement – control over the rights or other access to the economic benefit has passed to the Charity.
Probable – it is more likely than not that the economic benefits associated with the transaction or gift will flow to the Charity.
Measurement – the monetary value or amount of the income can be measured reliably and the costs incurred for the transaction and the costs to compete the transaction can be measured reliably.

The main sources of funding for the Charity are:

• Donations, Lottery & Fundraising - typically recognised in the Statement of Financial Activities at the point of receipt. Until such time, the Charity cannot claim entitlement to those funds. However income may be recognised sooner where the three criteria of recognition can be demonstrated.

• Legacies - are recognised in the Statement of Financial Activities once the receipt of the legacy becomes probable. Where conditions attached to the legacy have not been fulfilled, recognition of income is deferred on the balance sheet until such time that the conditions have been met. Residuary legacies are accounted for when the estates accounts are finalised.

• Grants - are recognised in the Statement of Financial Activities once the receipt of the grant becomes probable. Where conditions attached to the grant have not been fulfilled, recognition of income is deferred on the balance sheet until such time that the conditions have been met.

• All other income (including Investment Income, Revaluation Gains and Reclaimed Tax) - recognised in the Statement of Financial Activities on an accruals basis, in the financial period to which it relates.

Where the Charity receives material Gifts or Donations in Kind, these are recorded on the Benefits in Kind register. Where appropriate Gifts of Donations in Kind will be reported in the Notes to the Accounts.

Incoming resources from the endowment fund are unrestricted. Income reported in the Statement of Financial Activities will be shown gross, before any deductions for administration costs or other costs.

3. Resources Expended

All expenditure is recognised on an accruals basis and are included in full in the Statement of Financial Activities as soon as the following three criteria have been met:

Obligation - once there is a legal or constructive obligation to make a payment to a third party;

Timing – there is reasonable certainty when payment will be made;

Amount - when the monetary value of the payment can be measured with sufficient reliability.

The Cost of Raising Funds includes some staff costs and other administrative costs of operating the Charity. Staff costs such as salaries and pensions are recognised in the period to which they relate. Staff costs apportioned to the Charity are based on percentage of time working for the Charity.

This includes the salaries of the Charity Manager and Charity Fundraiser. Where appropriate a proportion of other staff employed by the Trust is also included where time has been spent assisting in generating charitable income.

Other costs include advertising, marketing and fundraising costs, audit fees, banking and legal charges.

Charitable Activities includes some staff costs and payments made from individual funds in the achievement of the Charity’s objectives. These costs are directly charged to the fund to which they relate.

4. Provisions

Where recognised expenditure is due for payment more than 12 months from the balance sheet date (such as in the award of an on-going grant), a provision will be created in the Balance Sheet.

A discount rate equivalent to a high quality corporate bond will be used to discount the provision over the period it is expected to relate.

Discounting will be unwound each year and recognised in the Statement of Financial Activities. At such time that payment is expected within 12 months of the Balance Sheet date, the provision shall be fully unwound and reported on the Balance Sheet within Creditors.

5. Fixed Assets

The Charity does not hold any fixed assets directly for the purpose of the Charity, this includes intangible fixed assets.

Expenditure by the Charity which is capital in nature is deemed to be on behalf of University of Derby and Burton Hospitals NHS Foundation Trust. The Trust will recognise and account for any resultant Fixed Asset.

6. Structure of Funds

The Charity recognises funds in two categories;

Restricted Funds - Where there is a legal restriction on the purpose to which a fund may be utilised, the fund is classified in the accounts as a restricted fund. This includes endowment funds, this is where capital is held to generate income for charitable purposes and cannot be spent.
Unrestricted Funds – all other funds, including any interest or revaluation gain on investments and endowments.

The Trustees can agree to earmark unrestricted funds for set purpose, typically with due regard to the wishes of the donor. Any funds which are not earmarked for a specific purpose are classified as for general purpose. At the point that the general purpose funds reach an appropriate level, the Trustees may agree to transfer balances into earmarked funds, after receipt and approval of bids from within the Trust.

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Fund classification, balance and purpose is reviewed and approved by the Charitable Funds Committee at least annually. Transfers between funds, including closing funds, should be approved by the Corporate Trustee following Charitable Funds Committee recommendation.

7. Investments

The Charity may invest surplus cash to generate investment income. All investment plans should be approved by the Charitable Funds Committee and reported to the Corporate Trustee at least annually.

The day to day management of Investments is undertaken by a third party investment management company. The contract for the management of the Charity’s investments is retendered at least every three years.

Investment fixed assets are recognised in the Balance Sheet at market value. Property investments are revalued by the third party investment management company annually.

All investments are held in Common Investment Funds. Quoted stocks and shares are included in the balance sheet at mid-market price, excluding dividend.

8. Gains and Losses

Gains and losses occur due to changes in the value of the Charity’s investments including endowments. All gains and losses are taken to the Statement of Financial Activities in the period to which they relate.

Realised gains and losses on investments are calculated as the difference between sales proceeds and the opening market value.

Unrealised gains and losses are calculated as the difference between market value at the year end and the opening market value.

9. Pensions Contributions

Pension costs are recorded in the Charity accounts on an accruals basis. Employer pensions contributions payable to the NHS Superannuation and other schemes are charged to the Statement of Financial Activities in the period to which they relate.

Due to immateriality, adjustments to reflect the true cost of pension liabilities (in accordance with IAS19) for Charity employees are included within the Trust accounts.

10. Reserves Policy

This policy sets out the circumstances and limitations for holding of reserves by Derby and Burton Hospitals Charity (the Charity) as required by the Charity Commission Statement of Recommended Practice (SORP) 2019.

Charity Reserves as defined under SORP 2019 are those funds which become available to the Charity to be spent at the Trustees’ discretion in furtherance of the Charity’s objectives, but which are not yet spent or committed or could only be realised through the disposal of fixed assets. These are therefore classified as ‘free’.

Trustees are under a legal duty to apply charity funds within a reasonable time of receiving them. This policy aims to set out:

The reasons why the Charity holds reserves
What level of reserves the Trustees believe the Charity needs.
Arrangements for maintaining reserves at the agreed level.
Monitoring and review of policy arrangements.

Reason for holding reserves. The Trustees consider it necessary to retain reserves over the longer term to:

Reduce the impact of risks from the external environment should the levels of income reduce significantly that the charity cannot meet its obligations.

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Continue their programme of support to the Trust.
Hold sufficient reserves to ensure the charity can cover its ongoing operational costs to process outstanding commitments.
Meet the cost of closure or transfer of the charity’s affairs should the need ever arise.

The Charity will aim to spend at least 33% of the opening balance on Unrestricted - Designated funds within the financial year. This is monitored during the year by the Charitable Funds Committee.

Where it is felt that funds are not assisting in the achievement of the Charity’s objectives (i.e. a fund is consistently under achieving the 33% target) the Charitable Funds Committee may agree to release those funds into the generally available funds for reallocation.

Generally available reserves shall maintain a minimum balance sufficient to continue the day to day operations and governance arrangements of the Charity for three years.

Where the generally available reserves are within the minimum balance, the Charitable Funds Committee shall consider alternative funding sources such to maintain the day to day operations and governance arrangements of the Charity for three years.

In the event that it becomes apparent that the Charity is no longer a going concern, the Corporate Trustee may begin proceedings to wind up the Charity, or alter its structure accordingly. A generally available reserve balance of three years, day to day operations and governance arrangements is sufficient to facilitate this process.

Where the generally available reserves are excessive, the Charitable Funds Committee shall consider bids from within the Trust to best utilise the resources.

11. VAT Policy

This policy should be read in conjunction with the VAT policy for University of Derby and Burton Hospitals NHS Foundation Trust.

The Charity is entitled to certain tax exemptions on the purchase of medical equipment and is also able to recover VAT on certain other items of expenditure.

The Charity does not hold an independent VAT registration, however is included within the registration for University of Derby and Burton Hospitals NHS Foundation Trust.

It is the policy of the Charity to recover all VAT possible. The Trust contracts specialist NHS VAT advisors to assist in the accurate recovery of VAT.

The Charity should operate within the VAT policy of the Trust.

12. Stock Policy

Stocks are valued at the lower of cost and net realisable value. Cost is determined on either a first in first out or weighted average basis.

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Accounting Policy

These outline how the Charity treats events or transactions during a financial year within the Financial Statements.

Balance Sheet

Cash

Amounts held in the bank account of the Charity or in cash holdings.

Cash Equivalents

Investments which can be converted to cash quickly (within 3 months).

Cash Flow Statement

This is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities. Essentially, the cash flow statement is concerned with the flow of cash in and out of the Charity.

Commitments

Agreed amounts of expenditure which at the balance sheet date have not yet been ordered.

Contingent Asset

Possible amounts due to the Charity at the balance sheet date. These are circumstances where there has been an event causing an amount owing to the Charity however the Charity could not reliably estimate the value of the amount owing.

Corporate Trustee

The Trustee of a charity are those who are responsible for its governance. In the case of the Charity, that is a Corporate Trustee.

Creditors

Amounts due to be paid by the Charity as at the balance sheet date.

Debtors

Amounts owed to the Charity as at the balance sheet date.

Endowment

A financial endowment is a donation of money or property to a nonprofit organisation for the ongoing support of that organization. Usually the endowment is structured so that the principal amount is kept intact while the investment income is available for use, or part of the principal is released each year, which allows for the donation to have an impact over a longer period than if it were spent all at once. An endowment may come with stipulations regarding its usage.

Fixed Assets

These are the long term assets of the Charity which assist in the delivery of its objectives such as land, building, software and equipment.

Gains

An increase to the value of the Charity's financial assets.

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Incoming Resources

Income due to or received by the Charity. This includes donations, investment income and sales of goods or services.

Investments

Surplus cash amounts which have been used to purchase stocks and shares with the purpose of generating additional cash return to the Charity.

Notes to the Accounts

The Notes to the Accounts provide the reader with additional information to help understand the true financial position of the Charity.

Prior Year Accounts

The financial performance for the year prior to that reported is included in the Annual Report and Accounts to allow the reader of the accounts to make a fair assessment of the ongoing financial performance of the Charity.

Provisions

Amounts set aside by the Charity to finance an event which has taken place to which the Charity is not certain of the exact financial cost. Typically this would be as a result of an ongoing legal case.

Related Party

An individual or entity which is not deemed to be wholly seperate from the Charity. This would encompass the Corporate Trustee or any donor who the Charity is reliant upon for the normal operations of the charity to continue.

Remuneration

The amount paid to or on behalf of a person working on behalf of the Charity in exchange for services provided.

Restricted Funds

Charitable donations where their use is bound by legal restriction.

Statement of Financial Activities

This is a financial report detailing the change in the Charity’s net assets during the financial year. It provides an analysis of the income and endowment funds received and the expenditure by the Charity on its activities, and presents a reconciliation of the movements in a charity’s funds for the reporting period. In the accounts of a company, this would be referred to as a Profit and Loss account.

Stock

Stock are valued at the lower of cost and net realisable value. Cost is determined on either a first in first out or weighted average basis.

Unrestricted Funds

Charitable donations which are available to the Charity to use for any purpose which furthers its objectives. Donors typically request areas to which they would like the donation spent, however there is no legal requirement to comply with this.

VAT

Value Added Tax. This is a national tax on goods and services. The Charity is subject to some VAT relief which reduces the cost of delivering its objectives.

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HOW TO CONTACT US FOR FURTHER INFORMATION

 By Post:

Derby and Burton Hospitals Charity Royal Derby Hospital Uttoxeter Road Derby DE22 3NE

 By Phone:

01332 785731 – General Enquiries 01332 788861 – Events and Fundraising 01332 785828 – Finance

Our office opening hours are Monday – Friday, 9am – 5pm (excludes bank holidays)

 Internet:

Email: dhft.charity@nhs.net Facebook: Derby and Burton Hospitals Charity Twitter: @hospitalcharity

If you would like any part of this document translated into your own language, or require a version in large print, please contact us.