THE BURDETT TRUST FOR NURSING REPORT AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER21121 Rtglsttred Charity Number: IlJ89849 Registered cOmpaY NMber. 4306248
THE BURDETT TRUST FOR NURSING REPORT AND FINANCIAL sfATEMENTS YEAR ENDED31 DECEMBER2021 CONTENTS Page Reference and administrative inforn)ation Trustees, r¢port Independent audiiors, report 14 Con501idated slat¢tn¢Dt of fiT)ancial activilies Consolidated and charity balance sheets Consolidated cash flow statement Notes io the financial ststemenLS 19 Appendix- granis payable 29
THE BURDETT TRUST FOR NURSING REFERENCE AND ADMINISTRATIVE INFORMATION TRUSTELS Alan Gibb5- Chairma[] Andrew Martin STnith Dame Christine Bea51ey DBE Evy HaTnbro Professor David Sine5 CBE Dr Michael Gomiley Andrew Gibbs Professor Charles Anihony Buttetivorth (retired l December 2021) Professor Mary Joy Love0Ve (retired l December 2021) Professor Ursula Maire Gallagher (deceased 25 July 2021) Audrey Ardem-Jones Daine Donna Kinnair laptKJinted I September 2021) Rachael Marguerite Corser (appoinied I Sepi¢mber 2021) Jani¢e Stevens {appoini¢d I Sepiember 2021) CHIEF EXECUTIVE Shirley Baines REGISTERED CHARITY NUMBER 1089849 REGISTERED COMPANY NUMBER 4306248 REGISTERED ADDRESS 8 Finsbury Circus. London. EC2M 7AZ COMPANY SECRETARY Rathbone Trust Company Limited. 8 Finsbury Circu% London, EQM 7AZ AUDITORS Haysmacintyre LLP, 10 Queen Street Place. London. EC4R IAG BANKERS Coutts & Co. 440 Strand, London. WC2R WS SOLICITORS BDB Pitmans LLP. One Bartholomew Close. London. ECIA 7BL INVESTMENT MANAGERS GMO Woolley Limited, One Angel Court. Throgmorton StrttL tDndon. EC2R 7HJ OLIM Limited. Pollen House, 10112 Cork Stre¢L London, Wl S 3NP COIF Charity Funds. CCLA Inv¢stment Manag¢ment Limited. 80 Cheapside. London. EC2V 6DZ Waverton Invesmieni Management. 21 St Jamess Square, London. SWIY 4HB Smiih & Williamson Inveskneni Managemeni 25 Moorgaie, London EC2R 6A Y CG Asset Management Lid, 25 Moorgate, London EC2R 6A Y Mayfair Capital Investment managemeni Limite¢ Brookfield House, 44 Davies StreeL London WIK 5JA Cordea Savills Investment Management Limite(L Lansdowne Hous¢, 57 Berkeley Square, London Wtj 6ER Barwood Capital Lid. Grange Park Cou¢ Rornan Way. N(wthampton. NN4 SEA James Hambro, 45 Pall Mall, London, SWI Y 5JG Clipstone Invesunent Managemeni Limited, 45 Alb¢mari¢ Stre¢L Lortdoo WIS 4JL B&1 Capital AG, Sihlstt&8se 37. CH-8001 Zllrieh INVESTMENT ADVISERS Cambridge Associates Limite Cordinal Pla¢e. 80 Victoria Stree4 London SWIE 5JL
THE BURDETT TRUST FOR NURSING TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2021 The Trustees, who are also directors of the Trust for the purposes of the Companie5 Act, present their annual report and audited consolidated financial statements of the charity for the year ended 31 December 2021. These account5 consolidate the accounts of the Trust and the Junius S Morgan Benevolent Fund which is referred to as a subsidiary charity in the report and a¢counts. The financial statements have been prepared underthe provislotls ofthe Stste]Dent of R¢corninend¢d Practice (SORP) "Accounting and Reportirtg by Charities" (SORP 2019) (Second Edition, ¢ffective l January 2019), and the accounting policies set out ort pages 20 artd 21. The fmanciai statements comply with all oth¢r Statutory requir¢m¢nts and th¢ requirem¢nt5 of the frust's governing document. The Trust is nwned aft¢r Sir Henry Burdett KCB. founder of the Royal National Pension Fund for Nurses (RNPFN). It was set up in 2002 in recognition of ihe Found]0, philosophy and structure of the RNPFN and its overarching aim is to make charitsble grdnts to support the nursing wntribution to h¢alth¢are. With thi5 in mind, the Trustee5 focus their grant- making FKilicies on thr¢e key areps based on the Charity's founding objects.. building nursing research capacity and capabilities. building nurse leadership capacity and capabilities- and supporting local nurse-led initiatives. The Trustees and staff are Committed to the ethos and prirKiples of equity, diversity and inclusion and they strive to put these into practice in every aspect of their work. They are committed io tsckling all fonns of injustice and work at all times to recognise and address the biase5 and stereotypes that counter opportunity. They recognise tha¢ they have much to leam and believe that they owe it to the patients they serve to champion equality, value diversity and challenge power iinbalances wherever they find them. Through this. they believe they can enhance excellence, innovation and creativity and fundamentally strengthen ihe nursing contribution to healihcare. The Trust's current grantprogrnmmes and guidance abouthowto apply are set out on theTrust's web51te.' www.btfn.org.uk STRUCTURE. GOVERNANCE AND MANAGEMENT Con$tilution The Burdett Trust for Nursing (the Trust) is a charitable company limited by guarantee without a Share capital. The company is governed by a Memorandum and Articles of ASSOCI10n. The initial fijnding forthe Trnst arose when ihe Royal Natiortal Pension Furtd forNurses, a company limited by guarAntee, withoui a share capital, agreed io transfer all of ils property, rights, assets, liabilities and obligations to LivertK>ol Victor Life Company Limited (LVLC). a wholly owned subsidiary of LiverwK)I Victoria Friendly Society Limited. Organlsation The administration of the charity was carried out by ihe Company Secreiary. Rathbone Trust Cornpany Limited during the year. The Trustees, who have four main meetings a year. have appointed two sub<ommittees' the Investm¢nt Committee which meets nvice a year and the Grants Committee which mttts regularly. All matters agr¢ed ai ¢ither sulTrcommitt¢e are reported to the main Trusitt meetings and final approval for dec10$ is giv¢n as n¢¢¢ss)ry. The Trusiees consider that the Board of Trnsiees and the Chief Executive (CEO) are the key management per50nn¢l of the ¢harity. In the year no Trustee was paid for their lime and details of their expertses and related party transactions are dis¢los¢d in note 15 10 these accounrs. Ttusitts are required to disclose ¥ll Tel¢vant intett5t5 and register them with the Chief Exe¢utive prior io Trustee me¢iings. In aecoTdan¢e with the Trust's poli¢y. Trustees must withdraw from decisions where a ¢onfli¢t of interest arises. The chariry's CEO is paid via a service level agreement with Rathbone Tnjst Company Limited, who are responsible for Ihe Tnanagement of the Trust's day-to-day administrative and financial operdtion$. The agreement is reviewed annually and subject to inflationary increases. The CEO'S salary is noi within the direct control of the Trustees and the service level agreement reflecis the need for a senior officer to manage the day-to-dty running of the Charity. The Trustees are Tnindful of lh¢ detnanding workload of the charity and the scale of its grant-m8king op¢rations- and whi15t the CEO'S salary is not within their direct conirol. the service level agreemeni reflecis the need for a senior officer to rnanage the day-to-day running of the chariry with remuneraiion ihai is fair and noi out of line with that generalty paid for similar role5 Wlthin the secior. Appointment of Trustees Trustees are appointed by existing Trusiees after reviewing the skills required at board level and the suitability of prop05ed candidaies. New Trusiees are given copies of the Memordndum and Anicles of Association, recent copies of lh¢ Trust's annual report and accounis and documents explaining ihe Trusi's history and its key policies and procedure$. In addition
THE BURDErf TRusf FOR NURSING TRUSTEES, REPORT (continued) VEAR ENDED 31 DECEMBER 21)21 all new Trustees are given guidanc¢ mat¢rial published by thecharity Commission on the reg)onsibililies ofbeing atrusi¢¢. The Trustees are kept inforrned about the Trust and relevant developments in the charity se¢tor wh¢n appropriate. The Trustecs who acted during th¢ yeaT ar¢ shown in the reference and administrion section. Subsidixry charitie5 The Charity is also par¢nt of the Junius S Morgan Benevolent Fund. which was blished to provide financial and oih¢r relief for n¢edy prartising and fornier members of the nursing profession. 0EcTs AND ACTIVITIES FOR THE PUBLIC BENEFIT The objects of the ¢harity are to: Promote and advance education, research and trailttng within the nursing and oiher healthcare profwions for the benefit of ihe public and to protnote public awareness of nursing and health issues. Provide for the relief of hardship and rnentsl (Y physical ill-health among nuw and other health-care professionals, and their dependanis. and Promote and advance the provision of nursing and other health services for the benefit of the publi¢. The Tnjstees have referred to the Chlty Commission's guidance on public benefit when T¢viewing their aims and objectives and planning their future adivities and they believe that their stratr8ic gtants me¢t lh¢ objective of benefiiing wide cross-section of the comtnunity. The following sections of ihis rewrt relating to the Trust's grant-lnaking and related activities sei out how the Trust furthers its charitable purposes for public benefit. To establish the benefit deTived from their funding and in order that they can be wnfident of meeting their obligations the Trnstees have developed a robust monitoring and evaluation system f(Trr each of their grant programmes. Crant-making polieies and proc¢dur¢s The Trustees tar8et their grants at projects thal are nurse-led and focused on suprtI[18 the nursing coniribution io healthcare. The Trust aims to use ats funds to empower nurse5 and through this to rnake significant improvements to the patient care environment. The Trusttts review their grant-making policies and procedures regularly and in 2020 they continued to focus iheir funding on three key areas- Building Nursing Research Capacity.. supporting clinical nursing r¢s¢ar¢h and research addressing policy. leadership development and delivery of nursing care. Building Nurne Leadership CAe]ty. supExTrrting nur5¢5 in their professional development to ¢reate a cadre of excellent nursing and allied health profe%siona15 who will tcome leaders of the futyre and foster excellence and capacity-building in advancing the nursing profession. Spporting Local Nurst-led lttltiattY¢S: 5UPPOTting nurse-led initiaiives that make adifferenc¢ at local level and are focused expliciily irnproving care for patients and users of services. The Trust's grant policies are published oftd ¢xpl#ined cleaTly on its website whetr grant applieants can download detailed grant guidance material and access the online appla¢ation foTm. To makethe process as user-friendly as possible, applicants can download the application quesiions and prepar¢ their answers in advance of completing the online foTm. The Trusiee5 wish to make a difference with their grants and therefore they give priority io applications that: involve partnership and ¢frOratiOn iKtween organi5ations where this is feasible- demortstrate a strong palient-centred engagement narj¥c. l¢ver in other fvnds. offer maximum imimct for the money spent and ¢an demonstrate that impact. Th¢ Trust is ¢oncernl that not only is its money spent for the intended but that the impact of its funding is maxitnised. Applionts are exF¢cted to include deiails of the intended impact of their project and the evaluation process that will be used t(Tr demonstrate that impaci. Each year the Trust receives many rnore applications than it can support with
THE BURDETT TRUST FOR NURSING TRUSTEES, REPORT (eontinued) YEAR ENDED 31 DECEMBER 2021 its limited funds. For this reason. the TTUSiees iry to be as specific as possible about what they will and will not fund. The Trust's grant guidance material explains thai it is noi able io make 8[ts for= general appeals. exisling posts, although th¢ Trust will consider 5UPPOrtin8 new posts directly associated with a projectlinitiative,. overhead cosis of academic InstitlonS or statutory agencies. organisations rlosely aligned to government departsnents where funding should properly be provided from 51atutory sour¢es, (i.¢. Primary Care TTUSts in the NHS)" retrospective funding i.e. funding for an activiry that has already iaken place. fundirtg in lieu of statutory fundin8 or as a replacement when it h&% run out or bttn withdrdwn. signifin¢ Capitsi ap15 e.g. building costs or equiprnenL The Tru5t¢es continued to meet their objective of providing relief of hardship among nurses and other allied health-care professionals by rnaking a fvrther grant to the Junius S. Morgan Benevolent Fund. a charity that makes small hardship grdnts to individual regislered nurses and auxiliaries in financial need. ACHIEVEMENTS AND PERFORMANCE Covid-19 Res Onse The impaci of Covid-19 has made this atther challenging year for the Trust and its many beneficiaries and stakeholders. The pandemic has touched the lives of everyone and created unprecedented challenges for the llUE5ing workforce who have been at the forefront of the pandemic, often to the detriment of their own hcalth and wellbeing. The Trust's approach to tsckling the impact of Covid 19 has been to use its core values to defme how it has resrK)nded. DuTing the year under review, the Trustees and staff developed strategic funding programtnes which etnpowered nurse5 to respond Tapidly and safely to the challenges of Covid-19. They have been inspired by the nursing workfor¢e's resilience a5 against the odds they have selflessly continued their essential work. In Mar¢h 2020 the Trum's staff team adapted quick]y IO T¢mot¢ workin& r¢vrIng their ben¢fi¢iaTies that they were well- placed to operate a virtual otYi¢e. They rea¢hed out to grant holder5 promising to be a5 flexible and sympathetic as possible in light of the many ¢halleng¢s they were fa¢ing. Underpinning thi5, the conlinued it5 day-to-day grant makin r¢¢ognising the imporfan¢¢ of maintaining a horizon beyond 115 immediate emergency response, to provide reassurance to its beneficiaries.
THE BURDETT TRUST FOR NURSING TRUSTEES. REPORT (continued) YEAR ENDED31 DECEMBER 2021 2021 was another year that shone a light on the incredible work that nurses do. often puttin8 themselves at risk to help others. In the year. the Trustees approved sixty-five 8rants tolalling £3.151.302 bringing the overall totsl of granls approved by the Trust to £51.857.515. Grants were made within four key programme areas.. Grant Programme Srnall Grants ProBrarnme lawards of £2.C#)O to £8.CKXII Empowerment Programme- Digltal Health Proactive Fundin8 Awards Partnership Grants Grants £ No. 309,777 691.854 39 15 793.248 1,356.423 Grand Totsl 3,151.302 SMAII Grants Pr ramme The Burdett 'Srnall Granls. programme funds smaller nurse-led projects in the UK internationally that involve clinical care. environment of care, s1&] care, leadership an(Vor education. The application process aims to be user-friendly offering an online application form and 'fa5t-track' decision making, wilh tnost applications processed in less than four weeks. In 2020, in recognitiOT] of the challenges fa¢¢d by nursing charities as a result of the pandemic, the trustees raised the maximum grant to £lO.000. In 2021, the Trust received sixty small grant applications and made thirty-nine grants totalling £309.777: bringing the total approved within the programme to date to £1.388.690. The small grants programme was established to ensure that Burdett Trust's funding would support nol only large transfortnalional and knowledge-generdting projects, but also smaller S1¢ projects more likely to be developmental in nature and to have an impact at local. grdssroots level. The Trustees are pleased to report that small grnnts have continued to reach mosi parts of the UK as well as funding small international initiatives, as the followin8 table demonstrate5'. Smoll Grants Awarded20J4-2021 b Re Reglon of benefft East Midlands Eastern London Northeast Northwest Southeast Southwest West Midlands Yorkshire & Humber Northern Ireland Scotland Wales National International Grants Approved £ 79,354 22.438 210.761 38,172 55,229 203.837 IS6.976 77,304 78.045 48,71Y) 83,525 23.855 173.727 136.767 lJ88,690 19 28 li 38 26 li 14 14 27 zo 230 Totsl All grants made by the Trust are subject to monitoring and evaluation. R1P]ents of small grants are asked to provide a short report on their use of Trust fund5 and its impact on patient car¢. The process is kept intentionally 'light-touch' reflecling the scale of the awards.
THE BURDETT TRUST FOR NURSING TRUSTEES. REPORT (eontinued) YEAR ENDED JI DECEMBER 2021 Proactive GrAnts Burdett Trust aims to be a catalyst for change and an active ployer in improving the health and well_being of patients. In addition to making grants in response to funding application5, the Trust 'proaclively' seeks out ways of engaging with nursing stakeholders and inviles proposals to further its long-term plans. The Trnstees participale in dialogue and share new ideas with nursin8 organisations, service provider5 and other funders and engag¢ in collaborative problem-solving and project development. All proactlV¢ grants are initiated by the Trust. Unsolicited applicaiions are not aepted within this programme. Irt 2021, the Trustees 5UPPOrted six organisations proactively with grdnts totalling £793,248 in furtherance of the Trust's chariiable objectiv¢s. Goal Mind A grdnt of £30.000 to transfer 366 interviews undertaken &$ part of tk c¢l¢bration of The Year of Th¢ Nurse and Midwife to an a¢c¢ssible website platform to applaud the diversity of nursing roles and acknowledge their restxinsiveness. innovation. lenacity and resilience working throughout the COVIDI 9 pandemic. The 8rant will also allow the emerging themes from the interviews to be published in a book. Healih Aciion Trainin £IL4T - Coven Universi A grant of £284.550 over three years. Health A¢tion Trainin8 (HAT) working in partnership with the Nursing Now Challenge are looking to build a global network of trnining hubs to provid¢ a legacy of qualified irainers who can promote advanced communicalion. leadership and help build re5ilien¢e via their ability to train via the HAT methodology. Healih ond Educalion Trusl A grant of £216.000 for a tw(Fyear progrdmme to deliver Nursing and Midwifery Fellowships focussed on Quality Jmprovemenl, in alignment with the Nursing Now Challenge and in synergy with THET'S UK Partn¢rships for Health Sysiem5 (UKPHS) programm¢. This represents an opportunity for the Trust to expand its international portfolio with activities which also supwjrt the UK through a trust organisation with a track_r¢cord in delivery and an ability to l¢v¢rag¢ existing programme5 and funds to maximise impact. THET will award Nursing and Midwifery Quality Improvement Fellowships to build the leadership of nurses and midwives in the UK. Africa and Asia. Wellbein Women Two granls were awarded to Wellbeing of Women in the year: A grant of £53.300 to ¢omplel¢ the 'EnhANCe' project led by midwive4 to improve antenatal car¢ uptake in ethnically diverse and SIallY deprived communities. A grant of £165,000 over three year5 to continue the Trust's funding of re5ear¢h training grants to midwives and nurses to enable them to pursu¢ ¢lini¢al academic careers. and to lead research to improve maternal care. The pmgrdmme has been highly successful since it was established in p&rtnership with Burdctt Trust and the Royal College of Midwives in 2014. West London N A grant of £44,398 was awarded for the production of a film. reflecting research on the mental health ¢xp¢ri¢nces of young people during the COVID19 pandemic The Search focussed on the voices of young people and also championed a collaborative Covproduction model involvirtg clinicians, young peopl¢ in the trust and researchers from Imperial College London'5 Patient Safety Translational Research Department. All aspects of the project involved young people from concept to delivery, training them to become co- researchers on the projects and the innovative methodology has been published as an example of innovative coproduction in research in the BMJ.
THE BURDErr TRUST FOR NURSING TRUSTEES, REPORT (¢ontiTrued) YEAR ENDEDJI DECEMBER2021 Fundin Partllershi Since 2009 the Trust has work¢d collaboratively with carefully Selected organisations, each well-placed to deliver grant programmes on Burdett's behalf. Burdelt's funding partners enable the Trust to distribute its funds strdtegically and widely for the health and well-being of patients. In 2021 the Trust awarded £1.356.423 in fijnding partnership 8rnnts'. Burdett Futx11 hrtrteThh5I02I C3 Collaboratin8for Heatth Council of Deans of Heèlth Grants£ 298.500 90,fK)O Florence Nightingale Foundation 294,(M)O Foundation ol Nursing Studies Harvard T.H. Chan khool of publ Health 306.048 367.875 Gra fotal L356A23 C3 Collaboraiin T Heal¢h A grant of £298,500 was awarded for a projeel that would develop work with BME nurses in three way5- nurses as individuals. BME nurse5 as leaders for all nurses" and BME nurs¢s as advocates within their communities. Council o Deans 0 Healih A grant of £90.000 for the Student Leadership Programme to promote and develop leadership skills in the fLrture healthcare workforce through a y¢ar-long progrnmme full of ¢v¢nls. Coaching. and exclusive opportunities. Florence Ni htin al F undalion A grant of £294.000 for a blended leadership programme to develop and support 2000 international nurses and midwives recruited to work in the UK. The project include5 a mixed method. qualitative and quantitative study exploring the impact of the programme on retention and career progression of international nurses and tnidwives and will make recommendations to national 'intemational recruith)ent' teams setting out longer terni requiremenls. Foundalitin o Nursin iudie A grdnt of £306.048 for an ¢xt¢nsion to the Inspire Improvenieni Fellowship programme originally funded through Burdett's L£arning Disability Nursing emFM)wern]ent programme in 2019. The programme facilitates clinical nurse leaders to become skilled in developing wing. safe and effective cultures. arv Public He A grdnt of £367.875 as continued support for the new HGNLP C¢rtificate in Global Public H¢alih Nursing Leadership, a state-of-the-art global public health leadership pro8r8m designed to enable, empower, elevate. and amplify the roles of nurses as essential partners in realising the goals of the global health security agenda and rebuild a more robusl and resilient post-pandemic population health management and public health systems. The HGNLP has already risen to prominence, attracting national and international attention from academic. global health. and finance governance leaders and b¢¢n welcomed by the global nursing community.
THE BURDETT TRUST FOR NURSING TRUSTEES? REPORT (continued) YEAR ENDED 31 DECEMBER2021 2021 Em werment P ramme Burdett Trusl's 'empowerment programme. wa5 established in 2011 to enable the Trust to fund a cohort of projects with a common fu$ using a proactive. programmati¢ approach. Ea¢h ¢mpowernJent programme is advertised widely to ensure that relevant organisations are awar¢ of the call for proposals. In 2021. Burdett Trust launched and deliver] an emwwerment programmes focused on digital health. Nurse-led im rovemenl ro ecls in di ilal The COVID-19 pandemic forced a renewed fwus on digilal health. The pr(ttss of using inforniation technology. digital hardware and devices, software and the Cloud, and the collection of data lo measure clinician interventions can trdnsforni th¢ way nurses deliver patient care. making it safer wilh improved patient outcomes and improving efficiency in the way health services are planned and delivered. Over the year5 Ihe NHS has struggled to implement many digital health solLrtions due to cost. organisalional obstacles and lack of buy-in from hard_pressed stsff. More recently. system leader5 such as Health Education England. are acknowledging that digilal h1th will only succeed when there are health and re staff with the skills to implement it and who ore supported thrnugh communication atHI culture. governance and project management" and lderShIp. This programm¢ refle¢i¢d Burdett Trust's view thai duringthe COVltk19 pandemi¢ nurses emerged as true change agents in the digital space. However. the Trust also recognised that many initiatives would benefit from wraparound support to help nurses make their digital projects successful and suslainable. This Burdett Trust grant programme 8ave nurses the opportunity to Use the insight they have gained from working on the frontline to model new ways of working that will lead to transforniational chang¢ in the way patient care is d¢liv¢r¢d. Applications lo the programme had to fil into one of three cohorts: l. Data. data analytics. digital nurse standards, and patient safety 2. Leadership in di8ital health. digital from ward to board. expanding the role of digital nurse leaders 3. Patient-centred digital health improvement projects Pre-application. applicants were asked lo attend a 'Change Agents. webinar where Trust representatives explained the programme in detsil. All successful applications were subs¢qu¢ntly signed up on an educational learning plarforni to take part in further webinars that helped them with their funded project ¢overin8 topics such as communication skills and presenting evidence. The Trust received fifty-five grant applicaiions and approved thirty-nine gTants totalling £309,777 Case study: Ulliversity HospitaL4 Sussex NHS Foundation Tn( Grnnt of £44,652 The project se¢ks to improv¢ the recording and subsequent response to surgical wounds in a variety of setlings including paiients. own homes. extending the rea¢h and capacity of the hospilal-based nursing teams. The Ttee5 agreed that Ihis is an example of patient-¢entred digital care with the potential to 5UPPOrt clini1 innovation through improved data capture. The project is nurse-led with several advantages for froniline nurses.
THE BURDErr TRUST FOR NURSING TRUSTEES, REPORT (continued) YEAR ENDED 31 DECEMBER 2021 The 2021 pro8ramme brou8ht ihe total appmv¢d within the empowemient programm¢ over eleven years to £18,378.738 as shown klow.. owennent Granls A roved2011- 2021 Year- Prtyramme N of award5 2011- NLtr5e Ernpowerrnenl 2013- Deliverin 2014- Youn Minds 2014. TTansltional Care 2015- Maternal and Childhood Obesi 2016- Men's Health & Erne ent Conditions 2016- Im rovin Nurse Retention 2016- Stren henin Nursin Leadershi 2017- Stren thenin Nursin Leadershi 2018- Peo le Living with Frailty 2019- Learnin 2019- Corn lex Need5 in Primary Cafe 2020- Reducing Re5trictNe Inter¥entiorbs 2020- Covid-19.' Supporting resilience 2021- Di ital klealth 2.2SS.728 1.850.670 801.184 1.345.432 1.081.173 9SI.851 1.987.254 471,975 786,108 1,507,691 1.639,104 865,743 874,533 1.268,438 691,854 20 20 io io 13 13 18 18 24 13 14 19 15 227 Nurslrt Now Chttllen June 2021 marked a new beginning for Nursing Now as. under the continued leadership of Professor Lisa Bayliss-Pratt al Coventry University and in partnership with The Burdett Trust forNursin8. Il joined forces with the Nighiingale Challenge to become the Nursing Now Challenge. The Nursing Now Challenge aims lo work with health employers around the world to create leadership development opportunities for 100,000 nurses and midwives in more than 150 countries by the end of 2022. Burdett Trustee Dame Christine Beasley and Chief Executive Shirley Baines sit on the board of Nursing Now Challenge to 5UPPOrt its work and oversee its gixMI governance. A Consultancy agreement was signed in the year between Burdett and the Coventry University Group (CUG) to take forward and develop the Nightingale Challenge. to Ir rebrand¢d as ihe Nursing Now Challenge (NNC) 8S a Sustainable and scalable global health initiative. The focus is on four key ar that will be effective and cost-elTi¢ient in developing and strengthening the Nursing Now Challenge. Renew and Re-brand Strategic Partnerships Digital Partnerships (Content and Platfornis) Global Stakeholder Engagement Ther¢ wa5 also a ¢onsultancy s¢rvi¢¢s agrment si8ned in th¢ year to support the Strategic partnership between Jhpi¢go and the Nursing Now Challenge. The contraci was between Jhpiego and Coventry University Services and amounted to S2S,000 to provid¢ th¢ resoU1n8 required to supp)rt and promote global nursing and midwifery leadership and provide opportunities for mentoring Mmong the network of Nursing Now Challenge participants.
THE BURDETT TRUST FOR NURSING TRUSTEES, REPORT (cOntined) YEAR ENDED 31 DECEMBER 2021 MEASURING IIVIPACT During the year. the Trustees coniinued io rnonitor and review all grants. with the aim of establishin8 their impact on the nursing contribution to healthcare. Periodi¢ally. the Trustees meet to consider the overall impact of their grant-making programmes and make Strategic plans. In addition, the Chief Executive organises seminars and wotkshops to share and disseminate go(xl practice resulting from the Trust's grant programmes. This continued to be difficult during 2021 due to the ongoing s1&[ re5triction5 of the COVID19 pandemic, but the Chief Executive kept in touch with grant recipients through virtual meeting5 to ensure that grants were on track to deliver their intended outcomes. The Trustees are pleased to report once again this year that grant recipients successfully achieved the outputs and outcomes they set out to deliver and any shortcomings were explicabl¢ and d¢f¢nsible. All grant recipients are asked to provid¢ a d¢tail¢d 'final rekK•rt' at the end of iheir grant period sharing any leaming resulting from th¢ir project. To find out more aboui the funding programmes and the Trust's ¢urrent grant policy criteria, applicants are asked to visit the Trust's website at www.brfn.or FUTURE PLANS The Trustees, key objective is to use its funds to empower nurses and through this. to make significant improvements to the patient-care environment. Working together with its funding partners, the Trust will support projects that are nurse-led and focused on th¢ nUing contribution to healthcare. In addition. the Trustees will continue to supw)rt nurses through iarget¢d grant programmes. their fast-track small grants and they will use their experience and networks to make furth¢r'proactive' grants, all designed to make significant long-terni improveTnentS to the patient-car¢ environment. They will continue to monitor ihe perforniance of their funding partners and grant recipients to ensure thai their funds are being used for maximum benefit in furtherance of their charitable aims and objectives. The Trustees look forward to eelebrating the Trust's tWent1h anniversary in 2022 with a ran8¢ of keynote events and flagship grants. 2022 will also se¢ the 2021 Chelsea Flower Show Flor¢n¢¢ Nightingale Garden, commissioned by the Trust. moved to ils new home at St Thomas's H05Pital where it will benefit both staff and patients. The TTUSt will continue the legacy of its NursingNow campaign. through its SUPPOrt for the "Nursing Now Challenge" 10
THE BURDETT TRUST FOR NURSING TRUSTEES, REPORT (continued) YEAR ENDED 31 DECEMBER 2021 FINANCIAL REVIEW Income and expendlture The year to 31 December 2021 produced consolidated income for ihe Trust of £950,108 (2020= £1,268.13]). The consolidated results for the year to 31 D¢¢¢rnber 2021 show net expenditure of £3.714.912 before investment gains of £13.374,223. The resulis for the previous period showed net expenditure of £4.372.589 before investh)eni gairts of £462.81 l. Funds 8131 D¢¢emlxr 2021 iotalled £91,849.771 (2020: £82.190.460). Sub$ldl4ry Charities The Jurtiu$ S Morgan Benevolent Fund made grdnts during the yeartotslling£206.875 (2020.. £412.080) to help recipienls meet a vari¢ty of household expen5e5. All grdnts were given to indivtduals. and the maximum givert to any individual did not exceed £1,500. Reserves policy The Trustees have reviewed the reserves of the Tru. The review concluded that there were suffi¢i¢nt re5erve5 to allow the charity lo be managed efficiently. This wlicy will be reviewed on an annual ba$is. The g¢nerdl free reserves of the charity as at 31 December 2021 were £87.509.265 {2020.' £78.513.943). The charity will maintain its level of free reserv¢$ by ¢oniinuing its policy of operating effeuively and efficiently. maximising incorne and controlling expenditure. The Trustees have also reviewed the reserves of its subsidiary charity. The free reserves ofthe Junius S Morgan Benevolent Fund, before trdnsfer, amounted 10 £4,340.506 at 31 tknemb¢T 2021 (2020- £3,778,969). These reserves are considered to be at a suitable level given the aim to Strike a sensibl¢ bal¥r]ce between the needs of the present and ihe fuiure. Details of the PUTpose of each of the funds are shown in noie 13. The spending policy of the Trusi is io spend ai le40 ormore of on av¢rnge of the previous 12 quarter end market values of the portfolio. Each year the TruAees agree the budget 8nd $p¢nding rul¢ rCentage depending on certain circumstsnces and investment perfomiance. The year-to-year fluctuations in spending can be adjusted by including more years (or quarters) in the calculation of the averdge market values. The long tem objective is thai the snding Tate 15 le55 than or equal to ihe portfolio's real return. so that the portfolio's purchasing power will be maintsined. Fundraising In 2021 Burdett Trust for Nursing did not engage in futthising with the general public and did not undertake any fundraising campaigns via email or direct mail or engage in ¢old-¢alling, the charity received no complaints from the public. As a registered charity. Burdett Trust can ac¢ept donitions from those wishing to support lis work, bui irt 2021 it did not actively seek these. All offers of finan¢ial suptrfjrt for the Trust'5 work are initiated by the donor and ihe TrusÉ will not share inforniation about any donors or tM)iential donors and never put anyone under pressure to donate nds. Any donations are controlled by the Trust's siringeni'Donaiions Ac¢eptanee and R¢fu5ai Policy Conflicrs of Interest Policy, and 'Anti-Bribery and Comjption Policy.. These wjlicies are proportionate and include the verification of the source of the donation and other due diligence measures to prot¢¢i the Trnst frorn being unwittingly involved in a fraudulent transaction. Nursing Now is a programme of the Burdett Trust for Nursing. Like its parertt Charity, Nursing Now did not engage in active fundraising with the general public in 2021. but li received fun(Ls frojn other granl-making bcdies to support its campaign work. Nursing Now is subject io the same policies and high $ldrdS of g(N)d praciice as Burdett Trust in relation to its acceptance of donations from third party organisations..
THE BURDE TRUST FOR NURSING TRUSTEES, REPORT (continued) YEAR ENDED 31 DECEMBER2(J21 Key man*gement personnel remuneratio The Trustees consider that the Board of Trustees and ihe Chi¢f Ex¢cuiiv¢ (CEO) are the k¢y management personnel of the charity. In the year, no TTUStee was paid for their lime and details of their ¢xpens¢s and relat¢d party transactions are disclosed in the notes to these accounts. Trnstees are required to disclos¢ all relevanl interests and register them with the Chief Executive prior to Trustee meetings. In accordartce the Trust'5 poli¢y, Trustees musl withdraw from decisions where a conflict of interesi arises. The charity's Chief Executive is paid via a serYi¢e l¢vel ogre¢ment with Rathbone Tnt Company. who are reswjnsible for the management of the TrusL'S day-io-day athninÉstrative and financial operations. The agreement is reviewed annually and subjeci io inflationary increases. The Trustees are mindful of the demanding workload of the charity and the scale of its grant-making operations: whilst the CEO'S salary 15 not within their d1cl control, the service level agreement reflects the need for a senior offi¢¢T to manage the day-to-day running of the charity with remuneration that 15 fair and not out of line with that generally paid for similar roles wtihin the sec(or. Investmenl p)Iley The overall finan¢ial and investhient objectives of the Trust investment nfollO are io provide a stream of spending in support of the Trust's mission, while pre5eTving and enhancing the real (inflatlon-adjusted) purchasing power of the invested assets. In formulating investment objective5 for the Tnjsi the Investment Committee was mindfvl of the r¢5ponsibility to strike a 5en5ible balance between the needs of the preseni (reflected in current spending) and the need5 of the futur¢ (lV¢St[net). The Trust's overall investmenl objeciive is Therefore io seek a total return over time large enough to provid¢ a result equal to or 2reat¢r than spending requirements and inflation. IThve$tm¢nt performance The Burdett TTUSi investment portfolio returned +16.7% in 2021 as compared io the blended ben¢hmaTk (¢OTnprised of a blend of the underlying a55¢t class benchmarks) which returned +14.PA In absolute i¢Tms. the main ¢ontribulors to performance were global equity (+17.8Yo) and UK Equity (+20.1°A). This performance refle¢ls a strong year for risk as5els which benefited from the reopening of the global economy and supportive monetary and f15cal stimulus. Over the longer-tern). Ihe perforn)ance of th¢ portfolio continues to be Strong. returning +7.4OA on an annuali5¢d basi5 since inception in 2002. The portfolio is valued at £88.6m &$ at 31 December2021. TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustee4 who are also the directQTS for the purposes of company law. are resp)nsible for preparing their TTU5tee5' Report and the financial statements in accordance wilh applicable law and Uniied Kingdom AountIng Srandards (United Ktiigdom Genernlly A¢¢epted Acwunting Prdctice). Comp8ny law requires the Trust¢e5 to prepare financial statements for each financial year whi¢h give a true and fair view of the sta¢e of the affair5 of the charitable company and the group and of the incoming re50ur¢es and re50urce5 expended of the group for that period. In preparing these financial siatements the Trustees are requId to- Sel¢¢t suiiable accounting policies and apply them consistenity Obselve merhods and principles in the Charities SORP Make judgements and estitnates that are reasonable and prydent State whether applicable a¢¢ounting standards have been followed subject to any material d¢partures disc105ed and explained in ¢he fman¢ial statements Prepare the financial stalements on the going concern basis unless it is inappropTiat¢ to assume ihat the charitable ¢oinpaDy will continue in operdtion The Trustees Are also r¢5pon5ible for keeping proper accounting records that disclose with r¢a50nable accuracy at any time the financial position of the tharitable company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢harilabl¢ company and the group and hence for taking reason#bl¢ 5t¢P5 for th¢ prevention and delIOn of fraud and other irregularilies. 12
THE BURDEfT TRUST FOR NURSING TRUSTEES, REPORT (eontinued) YEAR Ef4DED 31 DECEMBER 2021 So faras each of the Tnjstees is aware atthe tim¢ the rep(vt 15 approved: there is no relevant audit infomiation of which the company's auditors are uirdware- and the Trustees have tsken all rteps that they ought to have tsk¢n io make themselves aware ofany relevant audit inforn)atiort and to establish that the audiiors are aware of th infomiation. AUDITORS The auditors, Haysmacintyre LLP. will b¢ proFwd for reappointment in accordance with Section 485 of the Companie5 Act 2006. lrt preparirtg this report, the Trustees have taken the exemption available to small companie5 and hav¢ not prepared a strategic report. Approved by the TTUStees on 8 SCember 2022 and signed on their behalf by.. Dme Christine Begsl Trustee BE 13
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BURDETT TRUST FOR NURSING OpinioD Wt have audited th¢ fInan¢ial statemcnls ofThe Burdett Tr51 for Nursing for the ye8r ended 31 D¢cember 2021 ivhich compri$e the Statement of Financial Adivitie4 thc Balance Sheei. the Staiemcnt of C2sh Floivs and noles to the financial statements, including a summary of significant acwunung lIcieS. The financial rep)rting framework that has been applied in their preparntion is appli¢ttble laiv and Unilcd Kingdom AcwuThting Standard& including Financial Re8 Standard 102 The Fsnan¢iol ReporliKg Siundgrd applicoble in ihe UK and RepublK oflrelandlunited KÈng&)m c]n11Y Aecepted A¢¢ounling PtICe). In OUT opinion. the financial staiemcni5'. give a true and fair view of the swe of the group'5 and of the parent charitable compBny's affaiTr as at 31 DeceTnbEr 2021 and of ihe gmup's atxl paytnt charilabk wmpany'5 rnovemcnt in fuTrJ& including the income and eKpenditurc. for the year then ended., hav¢ been properly prepard in xcordanct with Uniied Kin8thm Genewojly Acptrd ACo)LmtiB PAlet.. and have bttn preparcd in xcordanceivith Iht rtquiranents of thc CompdniE5 Act 2(. Basis for opinion We conducted our audit in acCOrdat with In(¢maiTon Stthdard5 on A]iting {UKI IISAS IUKII and 8ppli¢ablr Imv. Our responsibiliiies under Ihosc standards are fttrth¢r descTib¢d in the Aydiior's re5rx)nsibiliiies for the audti of ihe fingn¢ial statements section of our rert. We are independeni of (he gTOUP in actonlarKc with the hical requirements thai are relevant to our Judit of the financial statements in the UL irtcluding the FRC'S Ethical Stsndart and .¢ have fulfilled ottr otheT eihi¢al re5pon5ibililies in accordantt with these requirements. We b¢li¢v¢ th th¢ audil cvidcn¢¢ we hav¢obthiThed is sutTieieh¢ 8nd appTopriaie to provide a bj5 for ouropinion. Con¢lusiow$ r¢ltlng to goi•g tont¢rn In auditing the financial siatem¢nw ive have conc1Jed that the tn1ee's useof thegoirtg ¢ooc¢m bas of a¢¢ounting in the preparation of the financial staiemenis iy apprDpriat¢. Based on theiyork ive have perfo, Ive hive not identified anymCrIal uncertaintiesJ¢laiingto events orcoNJition5 that. individually or ¢olle¢tively, tnay ¢asi significani doubl on the group's's ability continue Ls o going ¢on¢eTn fora period of at le iivelve monihs from when the financial stOtrm¢n15 are authoTised for issue. Our f¢SFKpnsibiliti¢s and the r¢sp)n5ibiliiie5 of the direaors with re¥ going ¢on¢¢m Ore dribed in the relevant sections of this rep)rt. Oih¢r informtion The trustees IT¢ responsible for the oihcr infOallOn. Theoiher inforn)atiot) comprises the infornLHtioTh included in ihc Trustees. Annual Rert. Ovropinion on ihe fir)ancial 51at¢Tnents doe5 rn1 coverthe other infomiaiion an( ¢xr¢ptto the extent othenvise explicitly stated in our rcFx)rt, ive do ]K)i express any form of a55ufdnce wnclusion theTeon. In ¢onne¢iion ivith our audit of the financial stalemen our reswnsibility is to read the oih¢T inforrnation and. in doin8 so. ¢onsider whetherthe other information isrnaterially incon51sieni with the financial sthiements¢rouT knowldge obTain¢d in the 2udii oroih¢nvise appears to be materially miS##t. If ive idtntify such material incon5t#encies or app8rtnt miterial misslatemcnls ive requi]td ID detemiine ivheiher there is a maierial miSSthi¢ment in the fJnaThcial 5ts1ements or a m•eriaJ misstai¢m¢nt of th¢ oiher information. If. based on the iyork we have perfome& ive conclude lh there 15 a mcrIal misstatem1 of thi5 other infornlation. we are required 10 report lha¢ fa¢L We hove TthIng to report in thi5 regard. Oplllloh$ om other matters prescribed by the Companiel Act 21IJ6 In oui opinion, boscd on thc work undenaken in the courseof the audi1= thc information given ITh the Trusitts. Annua] Rewjrt for the fin8n¢1 ye4T for which the financial stalemenis prepared is Consistent with the financial 5tatcmcnts' and th¢ 51ralegic rewbrt and the direcrors. rert included within th¢ Tn]stees' Annuaj Rcp)rt have Fen prepared in attordance Ivith applicable legal requirements. Mitttr$ on which we are required to report by exceptio In the light of Ihe knowledge and undersiandin8 of ihe gwup and the porent charitabk company and its ¢nviA)nment obtained in the course of thc audii. we havenot ideniified material misst8t¢m¢nts inih¢TrustCC5' Arlnual Rcporl Iwhi¢h incorrA)rattsthe 5trai¢gic rcport and the directOTS' report). We tlave nothitlg to report in re5ta of the followin8 in relai#)rt to which the Companie5 Aci 2tK16 requires us to rcp)rt to you if, in OUT opinion.. adequate aecotJntlft8 records have not been kcm by thc parent charitable eomtthy. or retums adwualc for OUT audit have not been received from branches not visii¢d by or the parent chaTitsblc company financial slatements are not in agreemetli with th¢ 8¢¢ounting Tcwrdsand returns. or ¢ert8in dixlosure5 of IrUe¢S, Ternunerarion specified by law 8]E tk)i mk: or we have not received all the ÈnfomMtion and ¢Kplana¢ioJ)s w¢ requi for our audit- or the trusitts ivere rK>l entiiled to prcparc the financial siatements in XC0rdat with th¢ smttll ¢ompanie5' re8ime and take advan18geof ihe smo11 ¢ompÈni¢s' exthnptions itl pParin81he trUtt5. rwrt and fTom the requirerncnt w prepare a stratC8lC report. 14
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE BURDETT TRUST FOR NURSING Rtsport$ibiliti¢s of trtsst¢¢s for tht fin¥neil st•¢¢m¢nls As explained MO fully in th¢ trustees. responsibilities 4ot¢ment s¢t out page5 13-14. the tru5tee5 {Ivho are alsx) ihe dIreCth of the charitable company for the purp)ses of tompary lvl arc rc5pon$ibl¢ for the prcporntion of the financial 51atem¢nts and for bein8 tisfied tht Ihey give • true and fair vieiv, and for such internal control as rh¢ tru51e£s deierniine is necessaj), io enable the prepiraiion of finan¢iil s¢ai¢ments ¢hai are flee from ma11] misstatemenL whth due to fraud or error. In prepirin8 the finatKial siat¢m¢nts, the trusi¢es aTe reswnsiblc for aSsIng ihe gTOUP'S at¥J the pareni charitable company's ability to continuea50goinB conc¢m, disclosin& asapplicabl& matters related to8oin8 conccrn and usingihegoith8 concern basisof acwunlin unless the ITUStee5 ¢ithET intend to liquidate the group or the parent eharithblc compsny or io cease operations, or hive no realistic ali¢malive b1 lo do 50. Auditor'5 responsibilities for the gudit of the finincigl ststemeots Our objectives are to oblain re850nable urdne¢ about ivhciherthe financi stattmthts ¥sa ivbok arc (¢ fmm rna(¢rial rnis5talcment, whelher dueto frdud orerror. and io i55ue an audiior's repDn thai includesouropirtiort. Reasonableassuranre isa high lcvel of assuranc bul is not a gvaranlee that an audit conductrd in xeordance wilh ISAS IUKI Ivill alivay5 deted a tnal¢rial rnis51a¢crnl ivIL it ¢x151& Missiaiemenis can arise from fraud or error and are consideTed material if. individually or in the aggregat4 they could re&8onably be expecied 10 influence the economic decisions of users taken on th¢ basis ofthese financi staterntn. IeBlanI1e& including fraud, instances of non-¢omplian¢¢ ivith laivs and regulations. We design procedure5 in lÉne ivith our responsibiliiies. otstlined above. to detett rtiaterial mi54Htcmcn(s iTh rc5PC¢t of irregularitic% including fraud. The ¢xien( io ivhich our pro¢edures 8r¢ ¢8P8bl¢ of delIng irffgylaritie& ilUdiNg fraud is dthiltyj beloiy: Based on our understanding of the group atkl the se¢tor in ivhirh it opernt¢& wc identified that the princÈpal risk5 of non-complianc¢ wilh laws 8nd T¢gulations rela to regulatory rrquir¢rnents of Ihe Charity Commi5sioo and we considered the exieni to %vhi¢h Don- ¢omplian¢e Tnight have a mateTial cffcct on thc financiaj 5tatemenik We al considered those lalvs and regulations thai have a diTett impa¢ton Ihe PTeparniion of th¢ r)nanrial 5taternents suth a5 Ih¢Chariiie5 A¢t 2011. CompBniesAci 2006 and the1ali0 ¢rtvin)nm¢nt. We evaluated tnanagernent'5 OPPJrtuniiies for frauduleni manipulation of the finartcial sthiemenls (in¢luding ihe risk of override of controls), and d¢t¢rmin¢d that the principal risks were relaicd w w51in8 inappropriaieffTrwnal eniftes and m2n28ement bios in certain accounting estimatC$ and Judgemen Audit procedures wfornled bylhe en8a8rnt ieam Iluded.. Inspe¢iing ¢orFespond¢ncc with appTvpriat¢ T¢gulatOT5 and i&¥ authorities. Di5CUS5ion5 IViitL managemcni includingeonsidcNionof krrt)wn orSuspecd instsncesof non-COtnpliath¢ewith latysand regulation nd fraud., Evaluating managetnent'5 contro15 designed ro prevent and deiea irregulariiie5- Id¢nlifying and testing in panicular journal entries rA15trd iviih significant values- atld Challenging a5sumplion5 and judgements made by mana8ement ITh their triiical acwuthtingestimat¢& Becau5¢0f the inherent limitation5 ofan audiL there isa risk ihal Ive ivill Mi detect all irre8ularitie% includin&ihos¢ Icadin810 & rDalcrial mi55tut¢tn¢nt in th¢ fiDanciaI 5tat¢m¢nTS or non-compliance Wlfh regulation. This risk increases the moTe thai ¢omplithce with ft laiv or regulation is removed from ihe evenis and transxiions Teflecled in the fjnancial stsieMen as w¢ i¥ill b¢ less likely to bccorn¢ aware of instance5 of non-compliance. The risk 15 also grcaier re8arding trreyjlarities occurring due io fraud rnther thn error. lls fraud involves inl¢ntional wncealmenL forgery. collusion, omissi¢)n or rnisrepre5entsii¢. A further d¢5cription of our re5p)nsibilitie5 for the ali[ of the finan¢i81 swtanents is I{ed on the Financial RertIThg Council's website at.. This description forn part of our auditor's t¢P)rt. U5t of our report This report is made 501ely to Ihe charitable companS mem1. 8$ È brxty. itt a¢¥d1¥Ye¢ with Chaptcr 3 of P2rt 16 of ihc Companie5 Aci 2006. Our audir work h&s been undertaken thai ive might yale th¢¢haTitabl¢ [nPanY'S n)e[nbe Thosc malters we are required to srate lo thcrn in an AudirfS r¢rrt and for no other pUr)St. To the Fullest extent pcnnitted by laiv, we do not accept or assume re5wn5ibility to 9yOe othcr thatl the charitsble company and the charitsble companys metnbers as a body forour audit ivork, forthis rcpJrt. or for Ihc opinions we have formed. Si¢v¢n Harper {S¢nior Siaiuiory Audiior) For and on behalf of Hay5macintyrc LLP. Siatutory Auditors Dale.. 16 September 2022 10 Queen Sire¢t Place London EC4R IAG 15
THE BURDETh TRUST FOR NURSING CONSOLIDATED STATEMENT OF FINANCIALAcfiviTIES (in¢orporn¢ing Consolid#ted In¢otn¢ Expenditure Acfovnt) FOR THE YEAR ENDED 31 DECEMBER2021 Unrestricted Funds 2021 Restricted Funds 2021 Totgl 2021 Total 2020 Iyoles In¢om¢ frorn Investments Donations- Nursing Now Donaiions- Burdett Charitable activities- Burdett Awards Bank interest 837.392 105.645 943.037 1208,254 56,732 3299 3.513 6,812 259 259 3.145 Total ineorne 840.950 109,158 950,108 ,268.131 Expenditure on raiqing funds: Invesimeni managemeni fees 201.465 201,465 266.819 Net income 4v8i14ble for ¢hari¢8ble expenditure 639.485 109.158 748.643 1,001,312 Expenditure on charitsble activiti¢s Grant making Nursing Now Support costs 2,995.280 206.875 303.502 61,543 3,202,155 303,502 957.898 4.251,319 383,749 738,333 896,355 Total ¢xpenditur¢ on ¢h4ritable activtti¢5 3.891.635 571.920 4,463,555 5,373.901 Total expenditure 4,093,1( 571.920 4,665,620 5.640,720 Net (expenditure) before net gains1(losses) on investments (3252.150) (462.762) (3,714.9121 (4,372.589) Net gain l (Ios5) on investments 12,853.424 520.799 13.374,223 462,811 Net incomel{expenditure) 9,601,274 037 9,659Jll (3,909,778) Transfers (503,500) 503.500 Net movement in funds 9.097,774 561,137 9,659Jl I {3,909,778) Total fijnds brought forward 78.411,491 3.778.969 82,190.460 86,100,237 Total funds carried forward as at 31 Decernber 2021 13 87509365 4J4Q500 91,849,771 82,190,400 All of lh¢ abov¢ results relate to Continuing adivitie5. All gains and losses rewised in the year are included aVe. A full COTnparativ¢ Statement of Financial Activities is presented within Note 17. The noles on pages 17 to 27 and the appendix forni pan of these fllwKial stsiements. 16
THE BURDETh TRusf FOR NURSJIYG Company Number: 43(16248 CONSOLIDATED AND CHARITY BALANCE SHEETS AT 31 DECEMBER21J2J Group Charity 2021 2020 2021 2020 FIXED A&SETS Notes Investments Investment in Subsidiary charity 91.582.379 83.349.030 87.321,525 1,822.357 79.607.999 1.822.357 91.582.379 83.349,030 89,143.882 81.430,356 CURRENT ASSETS Debtors Cash at bank and in hand io 196.565 3,620.173 122.451 2.571,197 172.3(M) 3,547.39X) 98.187 2.527.245 3.816.738 2.693.648 3.719.69) 2.625,432 CURRENT LIABILITILS Creditors.. amounts falling due within one year (3.051.654) (3.782,218) (3.034,258) (3.751,940) Nel current (liAbilitie5) l assets 765,084 (1,088.570) 685.432 (1,126,508) Total assets less eurrent liabilities 92.147,463 82,26A),460 89.829.314 80,303.849 Creditors.. amounts falling due after one year 12 {497.692) (70.Iy)O) (497.692) (70.000) Total nel Assets 91.849.771 82,190.460 89.331,622 80,233.849 Represented by: Unreslricled Funds (Revaluaiion reserve 2021: £31.061.420 2020.. £31.392,832) DuignaIedfnds ReslricledFunds (Revaluation reserve 2021: £2,106.905 2020.. £1,506,448) 87,509265 78.315.942 87,509265 78,315,943 95.549 95,549 4.340.506 3.778,969 1.822,357 1.822.357 13, 14 91,849,771 82.190,460 89.331.622 80,233.849 The surplus of the Burdett TrSt forNursing b¢for¢ Consolidation was £9.097.773 (2020 deficit of £4.014.258). The Financial Statemenls were approved and authorised for issue by the Trustees on 8 September 2022 and signed on their behalf by.. Dame Christine BeAsley D Trustee The notes on pages 20 to 29 and the appendix forn) part of these f]nan¢ial statements. 17
THE BURDETT TRUST FOR NURSING CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER2O21 2021 2020 Net Cash used In operating activitie5 (Noie 16) (4,833.728) (5,303,367) Cash flows from inYe5ting activities Dividends and interest from inve5tmenls Investtnent management ftes payable Purchase of investTnents Proceeds from sale of investm¢nts Movement in investment Cash 943,296 (201,465) (21,788,934) 26.075.736 854,or2 1211,400 (266,819) (10.730,669) 11,569,777 2,088,611 Net cash provid¢d by inv¢5ting activilies 5,882.705 3,872,300 Change in cash in the reportlng perlod 1,048,977 (1.431.067) Cash and cash equiv#l¢nts at the beginning of the reporting period 2.571.196 4.002264 Ca$h #nd cash equivalents at the end ol the reporting period 3.620.173 2.571.197 An¥lysis of net funds 2020 Movements in the year 2021 Cash al bank and in hand 2.571.197 1,048.977 3,620.173 2,571,197 1.048.977 3,620,173 18
THE BURDErr TRUST FOR NURSING NOTES TO THE FJNANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 PRINCIPAL Accouf4TING POLICIES The prin¢ipal accounting w)licie5 adopte& judgements and key soure¢s of estimaiion uncertainty in the preparation of the fioan¢ial statements are as follows: BA$is of prep#r#tio The finpncial 5tat¢ments have en prepared in accordance with A¢wunting and Reporting by Charities: Siatement of Re¢oJnmended Prnciice applicable iocharitiespreparingtheiraccounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second Edition. effective l January 2020) - (Charilies SORP {FRS 102)). the Firrdncial RqK*iing Stsndard applicable in the UK and Republic of [lartd (FRS 102) and the Companie5 Act2006. The Burdett Trust forNursing meds the definition of a public benefii entity under FRS 102. Assets and liabilitie5 are initially recognised ai historical com or traTJsadion value unless otheThYise srated in the relevant ac¢ounting policy noie(s). Consolidated finantial statemellts These financial siaiemenis consolidate the result5 of the Trust and its subsidiary charity, The Junius S Morgan Benevoleni Fund (charity registration numE¢r 1131892) for the twelve months 10 31 December 2021. A sepaTate Siatemeni of Financial Activities for the Trust itself is not presented because the Trust has taken advantage of the exemption afforded by seaion 408 of the Companies Act 2006. The investsnent in the subsidiary ¢h8rity is Sed in the Tn trA]ance sheet as the nei assets of the ¢hartty at the date that the Tnjst became a ¢ontrolling trustee. Company status The Tnjst is a company limited by guarante¢ registered in England and Wales. The members of the company are the Tnjstees named on page l. In the ¢vent of the charity being wound up. the liability in respecl of ihe guardntee is limited io £1 permember of the ch8Tity. Preparation of aeeount$ on • %oiDg conc¢rD basis The trusitts considet there are rto material uDcertainties atrM)ui the Charity's ability to wntinue as a going concern. The review of our financial position, ¢htl0W forrfasts. reserve5 levels and plans. taking into account the impactoftheCOVID-19 pandemic,giv¢sTru4e¢5¢0nfidencethe charity remains agoingconcern fortheforeseeable fvture. Critical Aeeountingjudgements 8ryd estim•t¢s In preparing these fmancia] Statemen the TnteeS have made judgemen4 estimates 8nd assumptions that affect the application of the charities accounting rKJlicies and the reponed assets. liabilities, income and expenditure and the disclosures made in the ffftancial statements. Estimates and judgements are continually evaluated and are based on hisiorical experience and other fa¢tors. including exFtctations of fu events that are b¢lieved to te reasonable under the circumstances. The Trustees Consider that there are no critical c]maS or judgetnenl5. DonAtlons and girts Donations and gieG are reco8ni8ed when thewe is entitlement lo the tncome. ptthbility of rEc¢ipt and the amounts can be measured. Grants Grants are included in the fmancial sialements when approved by the Trustees and noiifi¢d to recipients. The value ofcommitted grants unpaid * the year end is a¢¢rued. Grants offered that are subjeer io conditions that have not been met at the year end are noted ls a commttm¢nt but not accrued as expendiDJre. Long tenn grdnt cr¢ditor5. defined as those which are expected to settled in mor¢ than one year from the balance shttt date. have not been discounted on the basis that the trustees consider the effe¢l of any discounting would immaierial. Other expenditure Other ¢xp¢ndityre is accounted for on accruals b]$ in the year to which to relas. Other expenditure includes gov¢rnan¢e wsts. Governance costs Consi of those costs aSSlated with the overall rnnntng of ihe charity and m¢eting Statutory and regulatory requirements. 19
THE BuRDETRUST FOR NURSING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED31 DECEMBER 2021 PRif4cipAL ACCOUNTING POLICIES {CO]YTINUED) Investment In¢ome Inve51menl income 15 accounted f¢x on an accrua]s basis in the year which it relates. Listed investments and inveslrnents in pooled lunds Fixed assets invesknents represent listrd invesmienis which 8r¢ S¢ at nwk¢t valuation, wheTe market value represents the bid value on the last trading day before the year end. Any unr¢glised or reali5ed gains arising from inve5tmenls are accounted for in the Statement of Financial Adivilies. Investments in subsldlarles Investments in subsidiary undertakings are the net &ss¢t walue * th¢ Foint of acquisition. See note 9 for ffijrther ddails. Other unllsted Investments Where a reliable b&8is cannot be determilled forthe fair value of the investTnenL the inve5knent is held at cost in line with the provision of sedion I l of FRS 102. Forelen eurreneies Transaciions in foreign currenci¢s or¢ T¢rded at the rnte ruling at the date of the transaction. Monetary &ss¢ts liabilities are retrdnslated at the of exchange rultng at the balance shed date. All differences are tsk¢n to the StateTn¢nt of Financial Activities. Fund accountlng General fijrtds are unrestrided fund5whith are avai]able foruse atthe discretion of the Trustees irt furfh¢ran¢e ofthe general objeciives of the Charity and which have been Iksignated for other wr}Se$. The Burdett Trust for Nursing eartnarked funding of £500.000 for ihree years to be spent on the Nursing Now proje¢t. The de5ignaled fund at31 Dec¢mber reflects the funding eamiarke¢l less the excess of restriCd expenditure ov¢r TtrIcted income. R¢stri¢ted n5 consist of.. The funds of the ¢onn¢cted charitie4 which has narrower objects than the Burden Trnst. and Funds re¢eiv¢d in connection with the Nursing Now Proje which are restrictrd to that proje¢t. Fin¥n¢i81 in$trnmenl$ Th¢ Chority only hps financial assets and financial liabilities of a kind that qualify as b2%ic financial instrnments. Basic finan¢ial irtstruments. including other debtors and creditors are iniiially recognised at translI0n value and subsequenily me&*ur at their settlemenl value. D¢blors tkbtors are recognised at the settlement amount due after any trade discount olTer¢d. Pr¢payments are valued at th¢ amount prepaid net of any trade discounts due. C85h 3t bank and in hand Cash at bank and ¢a5h in hand includes cash and short terni highly liquid investments with a short maturity of three month5 or le55 from the date of acquisition or opening of the deposii or $imilar a¢¢ounL Creditors provisions Creditor5 and provisions are Tecognised where the Charity has a present oblÈgaiion resulting from a past event tha¢ will probably result in the transfer of fvnds to a third party and the amount due to settle the obligation ¢4n be measured or estimpted reliably. Creditor5 and provisions are nornially recognised at their settlement amouni after Ilowing for trdd¢ discounts due. 20
THE BURDE TRUST FOR NURSING NOTES TO THE FINANCIAL STATEMENTS (con¢iTrued) YEAR ENDED 31 DECEMBER2021 INVESTMEpn INCOME 2021 21120 Dividends and interest on red interest se¢urities Interest on cash deposits 943.037 259 ,205,110 3,145 Investment income 943.296 1.208,255 DONATIONS AND GIFTS 2021 2020 Donations - Nursing Now Oth¢r donaiions 50,000 6.732 6,812 6.812 56.732 COSTS OF RAISING FUNDS 2021 2020 Investsnent management fees 201,455 266.819 This figure includes the investment management fees charged by Olim Limited, Smith & Williamson Investment Management and Wayerton Investtn¢ni ManagemenL Ftts in resped of funds managed by other inve5trn¢nt managers are charged directly w the overall managed fijnds and details of charges in res¢1 of the individual holdings are not available. GRANTS PAY ABLE 2021 2020 Reeonelllation of8rAnts payable". Outsianding commitment5 at l January GrAnt commitments made in the year Gr4nts returned Grant support costs Other adjustments Paid during the year 3.601,319 3.358.177 (135,832) 28.611 49.071 (3.328.476) 3,644,314 4,003,833 (200,719) 36,125 152,986 (4.035,221) Outslanding Commitments at 31 December 3.572.870 3.601.319 In addition to the atr*)ve grants, Burdett Trust made a grant of £200,000 to the Junius S Morgan B¢n¢voleni Fund (2020= £300.000). This is eliminated on cons01idalion within the consolidared Statement of Financial A¢¢ivities, and thown as a transfer from unrestrided to restricted fvnth. Detai15 of grant committnents are shown in the Appendix from page 30 to 39. Included above are hardship grants to 259 (2020: 549) former nurse5 totalling £206.875 (2020.. £412.080). 21
THE BURDETT TRUST FOR NURSING NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2021 OTHER COSTS 2021 2020 Nurslng Now Dlre¢l ¢o$ts 303.502 383,749 b) Support C05ts S¢¢r¢tarial and administration fee5 Other expenditure 350.054 488.334 412.958 242.806 838,388 655.764 Governgnce costs Audstor's fees for audit seryices Auditor'5 fees for taxation service5 Professional fees Legal fees Trustees, expenses 22.560 22,620 1,140 52,171 7,138 92.497 3.936 517 119,510 83,069 Totil 5uppor¢ costs 957.898 738,833 The Burdett Trust for Nursing and its subsidiary do noi employ any staff (2020.. nil). Th¢ truste ¢on5ider ihat the Board of Trustees and the Chief Executive oll¢er are the key management p¢rsonn¢l of the charity and group. No trustee received any remuneration during the year (2020.. nil). The arrangements regarding the remuneration of the charity's Chief Executive Officer are sei out within th¢ Trustees. Report. TRUSTELS. REMUNERATION The Irustees neither received nor waived any emolurnents during the yew. Trnvel and out of pocket expenses of £517 were reimbursed io one trustee (2020.. £Nil to Nil trustees). The Trust purchased indemnity insurance cover of £10 million on behalf of the Trustees during the year for a premium of £14,845 (2020.. £12.096). INVESTMENTS Group Charity 2021 2020 2021 2020 Market value of investsnents at l January Additions at cost Sales proceeds from disposals Gain l (loss) in the year 80,242,733 80.619,031 76,501,702 77,096.068 21.788,934 10,730,668 21,788.872 10,730.668 (26,075,736) {11,569.777) (25,830.200) (11.568.994) 13,374.223 462,811 12.608,926 243.960 mk volue of investments * 31 December 89,330.154 Cash h¢ld by investmenl managers 2,252.225 80242.733 3.106297 85.069.300 2252225 76,501,702 3.106.297 Total market value at 31 December £91.582,379 £83.349,030 £87.321,525 £79,607,999 Historical cost a5 at 31 December £56.251,829 £50.499.750 £54,IK)7,880 £48215.167 Realised (105sygain on disposals £467.606 £1.566.719 £467,606 £1,566.719 22
THE BURDETT TRUST FOR NURSING JYOTES TO THE FINA]YCIAL STATEMENTS (tontinued) YEAR ENDED 31 DECEMBER 2021 INVESTMENTS (continued) Markei value of invesknents * 31 December comprises: Group Clkgrily 2021 2Q20 2D21 2020 Listed equities Listed pooled fijnds Listed property funds Oiher property fijnds Cash held by investment manageTS 55.035,821 28,931,482 SJ55295 7.556 2,252225 61,233.955 14,005.477 4,703.340 299.961 3,106.297 55.035.821 24,670,628 5.355.295 7,556 2,252,225 64,974,966 10.264,466 4.703.340 299,961 3,106,297 91.582,379 83,349.030 87.321,525 79.607,999 Group Charity 2021 2020 21121 20211 Revaluatkon reserve (difference beeen historic cost and rnarket value of investhiertts> 33.078.325 32,899280 31.061,420 31.392.832 INVESTMENT IN SUB51DIARY CHARITY The Juniu5 S Morgart B¢nevol¢nt Fund, a registered charity, b¢¢ame a subsidiary charity ¢)n l August 2003 when the Trusi E¢caTne ¢OTporate trustee. The Jwiiu5 S Morgan Benevolent Fund wa5 trdnsfeTred into a new charitabl¢ company of the 5am¢ name, whith is also a subsidiary charity, on 31 December 2009. The Nurses, Memorial to King Edward Vll. a registered charity, became a subsidiary charity on 4 December2(K13 when the Tnt became corporate trustee. On 27 January 2010, its net assets were transferred to The Junius S Morgan Benevolent Fund. The net assets of the Junius S Morgan Benevolent Fund at l August 2003 of £1.251,364 plus the nei assets of the Nurses. Memorial io King Edward Vll 4 December 2003 of £570.993 are deemed to be the investmeni by the Trust. 23
THE BURDETh TRUST FOR NURSING NOTES TO THE FIIYANCIAL STATEMENTS {¢ontinued) YEAR ENDED 31 DECEMBER 2021 INVESTMENTS IN SUBSIDIARY CHARITY {e0nt1ned) A summary of the statement of financial activities and the balance sheet of the 5ub5idiary charity forth¢ y¢ar ended 31 D¢¢ember 2021 are set out below. The registered address of the subsidiary is 8 Finsbury Cir¢us, London. EC2M 7AZ and its company number is 06565087= Juniu5 S Morgan 2021 2020 Infomt from: Donations and legacies Investments 203,513 105.645 306,577 102.522 309.158 409,099 Expendlture ort: Chariiable activitie5 268,014 488,315 Net In¢om¢ l {¢xpenditure) before invtsttnent gains Net investment gains l (losses) 41.144 520,993 (79,216) 218.851 Net in¢orne Fund balance5 brought forward 562,137 3,778.369 139.635 3,639,334 Fund balance5 carried forward 4,340,506 3,778,969 Balanct sheet Investments Debtors BaT)k Credilors 4,260,854 24,265 72.783 (17.396) 3.741,031 24,264 43,952 (30,278) 4.340.506 3,778,969 10. DEBTORS Group Charity 2021 2020 2021 2020 Due from 5ub5idiary charity Prepayments and accrued income 5.750 166.550 5,750 92,437 196565 122.451 196,565 122.451 172,300 98,187 CREDITORS: amounts falling due within year Group Ch4rity 2021 20211 2021 2020 Grdnts payable Other creditors 3.030.178 21.476 3J31.319 250.899 3.030.178 4.080 3,531.319 220.621 3,051,654 3.782218 3.034258 3.751,940 24
THE BURDE TRUST FOR ]YURSING NOTES TO THE FINANCIAL STATEMENTS {con(inued) YEAR ENDED31 DECEMBER 2021 12. CREDITORS: amounts falling due after one ytar Group ChArlty 2021 2020 2021 2020 Granis payable 497.692 70.0(KI 497.692 70.000 13. STATEMENT OF FUNDS l J*nuAry 2021 Investment Gains 31 December 2021 Ineome Eipendi¢ure Trnn$feTS Unruiricled Burdett General funds De5igno¢ed Nutsing Now 78J15.942 840.950 (4.093.100) (407.951) 12,853.424 87.509,265 95.549 (95.549) RlrIC1ed Burdett Nursing Now Juniu5 S Morgan (303.502) (268,418) 303,502 199.998 3,778,969 109.158 520,799 4,340,506 Total Group 82,190.460 950,108 (4.665.020) 13,374,223 91,849,771 l Jattuary 2020 Investment C#in5 31 December 2020 lTrcome Expendlture Transfers Unpesiricled ByTdeli General funds Designaied Nursing Now 82,031.605 1.109,032 (4,768,656) (300.000) 243,960 78,315.942 429298 (333.749) 95,549 R¢Jlri¢ied Burdett Nursing Now Junius S Morgan 50.000 109.099 (383,749) (488,315) 333,749 300.IYJO 3.639,334 218.851 3,778.969 Total Group 86,IIKJ.237 1.268.131 {5.640.720) 462,811 82.190,460 The General fund represents ihe fr¢e fund5 of the Tntst which have been designated forparticular purposes. Thi5 principally Tepresenis monie5 received as a donaiion from LiveTpooI Vicioria Life Company Limited and will be used in accordance with th¢ intentions of the Trustees to achieve the objects of the charity. Th¢ Nursing Now funds reflect re5trirted funds raised in conne¢iion with this project. As described below, a fund has also been designated to reflcct th¢ support provided by the Burdett T for Nursing for this proje¢L The Junius S Morgan Benevolcnt Fwid provides financial relief for nttdy ptauising and fonner members of the nursing profe55ion. This is cla55ifi¢d as a Testricted fund in the ¢onsolidated accounts. Transfer5 r¢present= A grant of £200.000 from ihe Trust to the Junius S Morgan Benevolent Fund {2020.. £300,000). The grant was eliminated on consolidation, however a transfer is required to show that th¢ funds, once granted. are restricted. 25
THE BURDETT TRUST FOR NURSING NOTES TO THE FINANCIAL sfATEMENTS (continued) YEAR ENDED 31 DECEMBER2021 13. sfA TEMENT OF FUNDS (Continued) Transfers represent (coniinued): In 2017, the Trustees of the Burdett Tnt for Nursing agreed to supwirt the Nursing Now Project in the aTnount of £500,000 for three years. Further SUp)rt of £250,000 was agreed during the year ended 31 D¢¢ember 2020. At the 2021 year end a transfer of £303,502 was made from designated and 8enernl funds to restricted funds to reimburse restr1Cd for the ex¢¢5s of expenditure over income. 14. NET ASSETS BY FUND Unrestri¢t¢d funds Restricted Funds 2021 Total fund$ Group Inve5tm¢nts Current assets Liabilities 87.321,525 3.719,690 (3.531,950) 4.260.854 97.048 (17.396) 91,582.379 3,816,738 13,549,346) Total net assets 87.509.265 4.340,506 91,849,771 Charity Investments Investment in subsidiary chariti¢S Curreni assets Liabilities 87.321.525 87,321,525 1.822,357 3,719.690 (3.531.950) ,822.357 3.719.690 (3.531,950) Total net assets 87.509265 1,822,357 89.331,622 UDregtrleted [ndS R¢stri¢t¢d Funds 2020 Total funds Group Investments Current assets Liabilities 79.607,999 2.625,432 (3.821,940) 3,741.031 68216 (30278) 83.349,030 2,693.648 (3.852,218) Total net assets 78.411.491 3.778,969 82,190,460 Charity Investments Investment in subsidiary chariti Current assets Liabilities 79.607.999 79.607.999 1.822.357 2.625,432 (3,821,940) 1.822J57 2,625.432 (3,821.940) Total net assets 78,411,492 ,822.357 80.233,849 26
THE BURDErr TRUST FOR NURSING NOTES TO THE FINANCIAL sfATEMENTS {eontinued> YEAR ENDED 3A DECEMBER2021 15. RELATED PARTY TRANSAcfioNS In addition to the transactions bett¥e¢n the Burdett Trust and the connected charity described aboye, Rathbone Trust Company Limiied acted in the capa¢ity of ¢ompyny secretary for the Tnjst and the connected charity. A total of £281,208 was paid to Rathbone Trusi Company Limited in the year for secretarial and administration fee5 (2020: £337.862). £Nil was due to Rathbon¢ Tn]st Company Limited at the year-end (2020= £182,524). Any potential conflicts of interest are declared before Board decisions are made And interested parties do not take part in the decision Tnaking pro¢es5. 16. RECOP4CILIATIof4 OF NET INCOME TO NET CASH USED IN OPERATING AcrivrriLS 2021 2020 Nel (expenditureyincome for the r¢porting period Invesnnent income and interesi r¢¢eivable Investment management fees (GainyLoss on investments Decreasel(Increase) in debtors Increasel(Decrease) in credilOTS 9,659.311 (943296) 201,465 (13.374.223) {74,114) (302.871) {3.909,777) (1,211,400) 266,819 (462,811) 93,341 (79,539} Net eash used 0¢1#% activities (4.833.728) (5,303,367) 27
THE BURDErr TRUST FOR f4URSING NOTES TO THE FINANCIAL STATEMENTS (eontlnued) YEAR ENDED 31 DECEMBER 2021 17. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES (31 DECEMBER 2020) Unre5trict¢d Funds 2(120 Restricted Funds 2020 Total 2020 Notes Income from Investments Donations- Nursing Now Donations- Burdett Charitable activities- Burdett Awards Bank interest 1.105,732 155 102,522 56.577 1208.254 56,732 3.145 3,145 Total income 1.109.032 159.099 1.268.131 Expenditure on ratslng funds: Investment management fees 266,819 266,819 Net Ineome avallable for eharlt#bl¢ expenditure 824.213 159,099 I.IKJI,312 Expendlture on eharltsbl¢ *¢tiviti¢$ Grdnt making Nursing Now Support costs 3.839239 412.080 383,749 76235 4251,319 383,749 738,333 662.598 T•t81 expenditure on cb4rltsble 8¢tlvities 4.501.837 872.064 5.373,901 Total expendlture 4.768.656 872,064 5,640,720 Net (expendlture) b¢for¢ n¢1 gain(lO35¢S) on Investments (3,659.624) {712.965) (4,372,589) Net gain l (loss) on investments 243.960 218.851 462,811 Net Ineomel(exp¢ndllur¢) (3.415.664) {494.114) (3,909,778) Transf¢rs (633.749) 633.749 Net movemenl fvnds (4x149,413) 139,635 (3.909,778) Toial funds broughi forward 82,460.4 3,639.334 86.100,237 Total funds earrled forw•rd as at 31 December 2020 13 7&411,491 3,77&969 82,190,460 28
THE BURDETT TRUST FOR NURSING GRANTS PAY ABLE YEAR ENDED 31 DECEMBER 2021 Digital Heallh Grants Cardlff Unlverslty. Appltculion of niirse-leddigiial iechnolo8ies 10 irtcrr¢ ihe ¥Moke ofsaYth71 healih services aniong J&18 )Yur olds. 50.0(10 Cliulilre and Ivlrrttl Ptsrthershlp IVHS Foundarfon Trnsl Using virtual realiiy io inwove occem for IallIe inrig00'1e0lMtis for wple wilh leurning disubililies. 43.258 Covenlry Uftlirslty behGlfofNursing Now Challenge To biiild a clinical vsriiii71 sitttiilo1edplo¢ÉtrTht to develop leodership tlnd digiMI liierary. irt eorly<tsrtÉr nune5 in ihe uKand0rseaI. S)9.Q35 Ettsi Loiidoii NHS Fotsiidation Trnsl Tosiwport niirses io improve ik41th1ity ofd(Kwvntorion ivpoiiews'eleciroKicIlih rect)rt& vsing 'EMIS Readcodes.. 25.000 Florence IVl8hilh8ole School OfNHrsin8AndMldwlfery A digiial peer-io-peer 511pporiprogmmmÉforlGmily of in1ensi core #nii ortd iesi the rtteptsbility of ihe digiialpe¢r-rfvpeerstspporiprogromMe iofamilyandfeaFibility ofits deliry. 50.323 Lewls-maniiing Hospice C•Tre To expunda viriilal hospice sevice which h&¥ been Svccessfiillywled. accessibility iw¢ andiisingiechnology iWiOwTIYiO iransfornr edoI1rfe Care. 47.715 NHS Loihlan 50.000 ,: Improving WOiitrTdwnugementpAiier 0tsicorntsatpaIleIexPerIell¢e fhoWI doladren, Niirs¢-ledquality improvenreni 1niiiuti. Oxlord Uiilverslty Hosplithls NHS FouRdlllion Trusl (OUH) Digitul pJJirse-lededii¢uiionprogromme io ethale aNdÉrymwer rn V1 Or/I($00stsMel. 51,389 Si. Wilfrldps Hosplce. Easrbomrné St4pporirng niirsts (G le<Jd developmeni of ITrysiemi. iroinin8. &nd io improve wiienf core IKlilAs P&lieni tspps &nda virliial cowulioisonplthfor 44.090 SBHSco¢land 59.918 To creaie evidehce-lforMed dotQSa5. INpldrvg quliT10ble irfomotio from varwNs io chort progress along o irttnsiiionpdihwuy. S&leNI NHSir451 Jrtlroducing digilalplotforms lo ihe Solepji NHS frusi CAMHS Wesi ADHD Poilnvuy io provide timely ond eJte¢ii% screening ondmgnitoring ofADHDsymptoms. S#$$ Commmnlty NHS Foundallon Trnsi Empowerirtg Nu*sgs wilh skills. Éjrythiislasnp swyort io become Di101 NuFses- lefJdipy. tbI£ ond encoiiragin8froni liAesithffio embr¢ fJndeJvbEddwialcwr. 48,050 Swonsett Unlverslty Developmeni of a digiial T¢age ihoi incretssu Jttthnis'knovledge ofdeaffJworene55 lo rmproFY healiheare experiences ofpeople iviih hearing 1055.. 38.530 i uler Unlverslty/Souih Eosiern H¢qhh & Soclal Care Trn Develop amdfeasibility tes1 a niirse-ledvtdeo<ortsrili&iion clinicf6r headondneck cancerwiiertis. wilh ihe inl¢gr471ion ofan ele¢ironic dee-speCir1c IwliFlicpr¢d5 iool. 25.484 29
THE BURDETT TRUST FOR NURSING GRANTS PAYABLE YEAR ENDED 31 DECEMBER2021 i Unir$Ity Hospilqls Susscr NHS Found10 Trust ThisproJÉci QiM$ 10 Ir&n$form ihe wuy Ivoundmoni¢oriNg isrfVed wiihin ihe Trttsi iKnOVQiive. PaliEnl orienfedtechnology solulion. 44.652 091,854 Small Grants Ablg&ll s Footsieps To prodiice ¢7rt edii¢oiionalfilm io iwprthy primary core $uwortforwwenfts in rhe I(Ser ¢ernifollowing 51illbinh. wrticiilarly in ike areas offollow-w) sNpportfor Ie#st Sritf sIgn1c&t couple rel10sh1P issiies. alery. depwston ondPT5D. 10,000 Allrhviiy Nola AnihonyNOlu's ClinicnlNrses1Q1t5lFrOsrQMuKslspuIleRts ihroughouftilreirironsplavijourney. helping fhem ir$IandteirI1eOf1fteA1 tsthlbe berieTrprÉporediodeul with side effecis. i0,tWO Atsede Cllnle Fi¢ndingfor a ne¥v projeci io n7ise oivoreness andrediiee Siigmo ofmeniolill heolih iviihin rhe communiry. engage o meniol healih nurse ioprovide aservitt aThlctwthiruearch into lideXPeriEnceS ofihose iviih tal health 0,215 Bueklnghttm New unIr$lty Qiialiiaiive research Frojeci on alety reloied io mertial lolih inptllitnt e-weriepK¢¥for puiiems wilh Inielleciuol Sabill{leS a#dAtsii$ 3.000 Cdrliigfor Cdrers Towovide a Virt1INUrses Nlts. astrfe corfideKiithleAergi$in80tt fto knfor carers al limes o13iress. 8,040 Coveiilry Unlverslty To mop ihe slale andexi51en¢e ofniirsing leadw3ku><7th1gm¢rnoKe gtsldin8 dotiintsnts vari<wsAfricaN counfrigs throiigh the Niirsipjg Noiv Cknllenge ¢141ry coordirtorots. 9.999 Crohn s aiid Colilis UK Thedelivéryofa P¢JlIeFrtAdviceLine TroiningProgravwwforspecialtsiitylanunatoryBowelDisea5eni{r5¢S, c0-prtk4ucedortdslceS$rll1yPI1&edW1ih1ws wilh liderIence. io.ooo Harnmbee Globol Heulrfh Partnenhlp. Oxleas NHS Trn Niirse-led proieci io develop a bEspokE iraitting prolessiofftil developmeni wogrom on clinietsl Inieneitliort$onihemttnogeménlaKdprevenlion ofsubsiancemuNseondAtsedtsordersforpsychi&iricnurses In Kenya. 10.000 Hopefor Tonwrrow Ftirtdimg io enoble niirses to provide vilul cancer within nirol and snwll iowff comM#niiles ocross Engl&Md via mobile cancer care rinitj. 7.740 HopÈ Hotssé Chlldren'5 Hosplces A 'Clinicallnformuiic5 Leod'ioprovide ¢liAicfilirtformaiionsyslem leodersh¥p, clinlcolexperieOvds&pport forplanning. implemeniaiion andsofe ttse ofihe Ctwe Lkniobose. red¥crngnskandwoviding besi otsicomes for Childpe. 10.000 Joyu Menial He&Trh (JMH) A capacitybiiildingproje¢ifor ntirxs workn.ngoi 10pr Hosprfi&l. iprportrr5hip wilh ihe Nursirys a SKialSec4riiy Division ofNepal. 10.000 Kiifg s College Hospllal NHS TrHst Evalualion of o Point-of-care Ulira%otynd (POCUS) iroiningprognunme IN ochiewhg ttjnwlencyfor ICU adAcCP[r1l¢lWnts a no¥lwholt-bodyPt)CUSs¢0n. 9.992 30
THE BURDETT TRUST FOR NURSJNG GRANTS PAYABLE YEAR ENDED 31 DECEMBER 21121 Lewls-M&iinlng Hosplee Ctsr A new nurse sckolurshipprogramme inwrtnersknpwiih Botsrnemoriih improvrNg ethl oflifepalliaiive core. 9.000 MIddles Ulilvetslty Hlglier Eduefjlion Corporolio Idenlifying Ihe Colp0eI$or the delOPmen1 ofo noiionol NraftLyfor iheprovisit>n tsfspirilrial &upporl j lowtienis andsiaffduring major healih emergencies 0dIlett. Q.763 Mldwlfe-led Comm&iilty Tronsforniuil&n Uganda i Alainfenopwe and upkeep ofmoiorbike io teepsetrvtees pwwtnE. 1.200 N&llonalHeallh Care cMIerenC0 Ugthnd For afive-d4y conference incorporaiing fjn uhibiiion io highlighi ihe History ofNiirsing and Hiihvifery in Ugando ivhere we IvillhighlTghiihepioneerleaders. ihe imporfonce oflegacy. irtreEWblIcpr0fI1e, reJleGt on le$soKs ofihe liwdexFerience& 8.000 Iyoriliumbrlts UiilvÉpslty To undersiandhoiv ihe meworyaide CHINSIS usedby UNICEFBFliralnlngstoff. HEIS. health visil¢ws midwives fJnd h(M iheyfeel il in]lllences iheirprncii¢e in s¥pporiingbreasifeeding. 3,590 NMrsln¥ Now Challenge A pYe-IVorld HeJlih Assembly (WHA) works in collaboroitoll wilh thÉ World Ipwwion Siimmiif Heolih. Qoior. (WISH) 10.000 Oxford Brnokés Univern'ty A qtialiiaiive PIra110 ofreg1sreredni$eX. arper ondpÉreeNionF rfpolieni Wety in criiical C47 during ihe COVID-19pandemic. 9,855 Primdry Core Respirnlorysociety (PCRS) Fiindimg ro siippori a range of online acitvilies io promrte greoier undersfondingjcopfr idence ond more ffe¢iivepraciicalapplicaiion ofdigiial technolozyix respiroioryctsre iAprimary'ctsmmunityOdinlegrOIed selEtngs 10,000 Rlchftrd House Chlldren s HpIct SiiFporlEng Éhe iroining ofpaedialric nwrses io delir¢are io life-lijnitsdchildren arihe hoswce andwiihi rhe home. QAdfftipporiporents with hospilal-lo-home Irunsitions. 10.000 RoyolDevoii ond Erder NHS Founduilon Trnsi Apttiignl undpiiblic consuliotion in ihe Open A¢cessJournol Reseorch InvohY•nertt Engozemenl. 1,880 Si John Ambulance Providirtg o voliinfeer-ledhtolihcare omlsvpponserricefor honKlesJpeople insussex 10.000 School of Ivursing andmidwllery. Quetnys UM1veIty Beydsi. Co-Prodiicito of& Di"161Ge io Improve Scknl-children PercepfiM okni Nursing. 9.625 seffieldHet71lh InlernailonalPorlnership5 Psychologicol w¢llbeirt8 Covid-J9 ct>niexl in Giilll RegIoalHOSPItOl1rfctryoI0Fe usa io trotn 180 Iirses andmithvives who willdeveloppswholo8scalwellbein£ skills. 10.000 S041b Tyneslde 4ndSund¢rf4nd NHS Foyndadon Trnsl A qiwliiofive reseorch sii¢dy io defermirte ihe resetsrthprioriliÈs[trpetyle whokny Iwdcovid-lg. leadby one of ihe Clini¢t71 Resetych NiiMeJ. Iviih ihe iMieAiiort ihislffining m¥liyle piecu of reSeah in the 6, 708 Sl John Ambulanc Providimg a volitnteer.ledhealtlKwY andsupporfseryefO homeleSsoPle in Sussts. 10,000 31
THE BURDEfT TRUST FOR NURSING CRANTS PA YABLE YEAR ENDED 31 DECEMBER2021 ! Thnmes Hospice Towurd% posl of He4lihcare A5sisioni fo SllPPQrt &¥ded Doy Thtrw (Llving Well Serrice) for polliolivepolienls bEing cGredfor bycommuvityntsrsingieam at home. 10,000 The Kirkwood (KirkwoodHospiee) Ct>ntmiinity Niir5g Speciolisifor Musi PriNry Cure Nenvort in Souih Kirwees. 10.000 The IVl8hlln%&le Ctsneersupport Cenlre ne year ¢0515 lo delIr Lyttwhoedenia Servicesfor CQ&Yeerwiienls who dlOP ihe condiliwr as o side ff¢GI ofiheir cuKceT treoiiiieiii. 6.900 The Prliice & Prlnce&f Wtsl The IniErveniioKalClini¢ ivill oiferoiwpaiienfsan olierKaii io ahwwlolselling lo ho th8irplanuedday procedzires corriedoul in o less cliThicalGpJdmore homely enviroMe•i. 9,236 Ug&nd& Chlldblrth Ijry Fund ro iposn nurseJ in a reft¢gte seiilemeni inugonda ID the nursing skills to 1¢7ak afier who hove sufferedfroni ob51eirtc irounw andsei iporde4uwFediolookuft¢r 11¢ wonKv sufferingfrom iirinary orfoe¢al incoA1inepe. 4.370 Uiihrslty Hosplialsouihumplon NNS FoundAlion Trnsl Developmenl ofAciiie Kidrtey InJtlryPÉllienl informalioTr lopromole ocliwty ihai ¢7voids howial odmis$ion and fofaciliiaie hosptial dtsch&r8e ILVI85OrtedXlWenff. 3.235 University (JfHertfordshire fUH) E¥plorin8 neonaial niwses. ond Farenls. NndgrsiaRding of ilK faciors ihoe enknnce ond htnder commiinscaiioK amdeorlyinieroelion behvÉenprelerm irfanis andiheirporems. 9. 770 Unlverslty of Oxford 6.877 Niirsing iifftie fo compleie o MeiasyNihesis olBlrtl AF11 ond Minoriry Ethnic women s arpenences of maier#styseryices in ihe UK. Uiilverslty of Portsfftotsih A mued method erploraiion of ihe impaci of COYID-19 on cGr¢ d¢li¥Yry aKd experrences ofpeople wilh Moior NenroKe Dise¢t. iheirfawily athlprofemionalcore 8.971 l Uiilverslty of Tlie Hlghlonds t7ndIslt7nd5 (UHI) Thepurpose of Ihe projeci is lo uplore ihe perceptions of5exuul h¢¢Jlih fJrnl reldiovships. kwledge al eeds ofadole5cenis in riiral lslondcomiifitAilies. 4,700 Uiilvenlty of ihe Ivui ofseoilqnd Covid_IS+ pondemic and ihe resilience of ihe mirs1 woWorcg.' th¥meniin8frowliNe Blac Aiian and Minority Eihnicniwses experiences ihÉ UK. 9,886 Vlneyurd commlI1ty Ceiiirt Program of poN<ovid'h¥alih ChecksforhoMelessople io ralEd01 byaCommiinityNtsrse. checktrt8 menlalondphysi¢al wellbeing and$18 iviihopprcpriale inlervenlions referra1$. 5.000 Zlmbabwe Prnjeci (ZLP) 7.215 ZLP is $e¢b'prgfjinds ro hire irwn1vgfaciliilfQr UK io deli training ÉuilL¥ed io local need i n101 heGlih services in Zimbttbwe. 309,777 Parlnershlpgrants ¢olal Prnoetlvegrants 1171al nd Tolal 1.356.423 793.248 32
THE BURDETTTRUST FOR NURSING GRANTS PAYABLE YEAR ENDED31 DECEMBER 21121 Grant Rtcipient Abertay University Abigail's Footsteps Anthony Nolan Atsede Clinic Grants 2021 Grants 2020 7,928 10.000 10.000 6215 7.500 Barts Health NHS Trusr 54.156 73.416 50.OLK) 82.699 Birniingham Communiry Health Care Trusi Birniingham Women's and Children's Hospital Bradford Teaching Hospitals NHS Foundati(Trn Buckingham New University C3 CollalKJraiing for Health Cardiff University. Caring for Carers charity 1192990 Cheriih Semple. Ulster University I South Eaern Health & Social Care Trusi Cheshire & Wirral Paltrership NHS Trusi Children's Hospice sOh West Children's Hospital Twst UK, South Africa Clatterbridge Cancer Centre NHS Foundation Tn Clinical Research Nursing Group Council of Deans of Health 3.000 298.500 50.000 8,040 | 25,484 43,258 239.198 41.539 10,000 i 150,000 62,750J 7.884 | 90.0(K) 9.999 99,935 10.0 Coventy University Coventry University Ort behalf of Nursing Now Challenge Crohn's and Colitis UK Croydon Training Hub Cumbria Northumberland Tyne and Wear CW¥ Charity of Chelsea and Westtninsi¢r Hospital NHS Foundation De Montfort University East London NHS Foundation Trust 10,0 47.449 287.650 74,581 | 25.000 Edge Hill Universiry Florence Nightingale Foundaiion Florence Nightingale School Of Nursing And Midwifery Foundation of Nursing Strjdies Goal Mind 46,783 294.000 50.323 306,048 i 30,000 Great Orniond Street Hospital For Children NHS Trtl Greater Manchester Menial Health NHS Foundation Tn 83,408 59.763 7.977 8,000 Greenwith & Bexley Community Hospice Haemo¢hromatOsis UK HJrdmbe¢ Global Health Partnership. Oxleas NHS Foundation Trust 10.orK) Harvard T.H. Chan Seh(x)l of Public Health Hope for Tomorrow 367,875 7.740 150.000 33
THE BURDETh TRUST FOR NURSING GRANTS PAYABLE YEAR ENDED 31 DECEMBER 2021 Hope House Children's Hospi Institute of Health Visiting Int¢mational Coun¢il of Nurse5 10,000 64.787 75,OLK) 8.000 3LM).(x)o I 158,503 Jaya Mental Health (pr¢viously Unity in Health) Junius S Morgan Benevolent Fund King's College Hospital NHS Foundation Trust Kirkwood Hospice Lewis-Mannin8 Hospic¢ Care London Network of NuT5es and Midwives Homelessness Group London South Bank University Malawi Nightingale Challenge Mesothelitsrna UK Midd1¢5ex Univ¢r5ity Higher Educalion Corporation Midwifc-led Community Transfonnation (MILCOT) National Health Care Conferences (NHCC) Uganda National Nurses ASSl8t10n Kenya (Tr4NAK) National University of Le50tho Nature Thernpy CIC NHS Lothian 10.000 200.000 9,992 10,000 56,715 4.732 109.129 1 30.000 10,O(MJ 6,540 9.763 1.200 8.000 3.5CN) 79,877 8.(M)O 50.000 6.000 Nightingale Cancer Support Centr¢ North Staffordshire Combined Healthcare NHS T1 5.600 86,025 37,811 38,157 Northern Ireland Hospi¢e Northumbria Healthcare NHS Foundaiion Trust Northumbria University Nursing Now Challenge Oxford Brke9 University Oxford University Hospital% NHS Foundation Tn Oxford School of Nursing and Midwifery Paintings in Hospitals Primary Care Respiratory Society Prince & Princess of Wales Hospice Queen's University Belfast Restraint Reduction Network (RRN) Richard House Children's Hospice Royal Bournemouih and Christchurch Hospitals NHS Found*ion Tn l Royal Devon and Exeter NHS Foundation Tntst Royal Marsden NHS Foundation Trust SBH Scotland 3.500 294,550 9.855 SlJ89 45,667 24,400 | 2,000 20,0[ | 10.OLN) 9.236 7,213 171,017 84,348 10.000 2.843 10,000 10,cK)o 1,880 59.918 1 I School and Public Health Nurses Association (SAPHNA) I S¢hool of Healthcare Sciences. Cardiff University S¢hool of Nursing and Midwifery. Queen?s University Belfast. Sheffield Health International Partnership5 lo,(0 82,026 9.625 10.000 34
THE BURDETT TRUST FOR NURSING GRANTS PAYABLE YEAR ENDED 31 DECEMBER 21ni Solent NHS trust 12.904 South London and Maudsley NHS Foundaiion Tr4tst South Tyneside and Sunderland NHS Foundation Trust South West London and Si Georges MH NHS Trust Southem Health NHS Foundation Trust 92.176 6.708 94,9(K) 56,000 107.115 St Christopher's Hospice St John Ambulance 10.000 44.090 48,650 38.536 St Wilfrid's Hospice Eastboume Sussex Community NHS Foundation Trust Swansea University Tavisto¢k and Porttnan NHS Foundaiion Trust Tees Esk & Wear Valleys NHS Twst & National In*it¢ of Health ReSe¢h Thames Hospice Tropical Health and Education Trusi Uganda Childbirth Injury Fund University Hospital Sou¢hpmplon NHS Foundation Trust Universiry Hospitals Bim)ingh8m NHS Foundation Trust University Hospitals Sussex NHS Foundation Trust University of Brighton University of Chester University of East Anglia University of Edinburgh University of Essex University of Hertfordshire University of Manchesier Unlverslty of Nottlngham University of Oxford University of Ponsmouth University of Sheffield University of The Highlands and Island% Univ¢rsity of the West of Scotland University of West London Vineyard Community Certtre Wellbeirtg of Women West Hertfordshire Hospitals NHS Trust West London NHS Trust 95,906 32,693 10.000 216,000 4,370 3.235 75,405 44,652 4,700 75.212 55,609 299,220 6.816 9.770 101,955 7.983 6.877 8.971 7,969 4.700 9.886 3,750 5,000 218.300 3,657 44.398 Western Health and Social Care Trust 97,760 10.000 White Ribbon Allianc¢ Zimbabwe Lif¢ Projecl 7,215 JJSIJ02 4J05,833 35
THE BURDETT TRUST FOR NURSING GRANTS PAVABLE YEAR ENDED31 DECEMBER 21121 Less.. Amounts able io Junius S Mor Ben¢volent Fund -200.000 -300.0(Y) 3,1SIJ02 4,005,833 206,875 412,080 3J58,177 4,417,913 -135.832 -200,719 3222J45 4,217,194 Total rant-maklng before tonsolidatiort Otherad ustmeDt$ Grants to individ¢Jals Total rants note S Grants returned note 5 Totgl rants able Add.. Consultanry costs (all¢xated against grants in the Staiement of Finan¢ial A¢iivities 28,611 36.125 Less.. Other ad'ustments 48,801 £3202,155 Total -Jranl ex eDditure r Statement of Finaneial Aettyities £4,251,319 36