BIRMINGHAM AND SOLIHULL MENTAL HEALTH NHS FOUNDATION TRUST CHARITY
(Operating as ‘Caring Minds’)
Trustees’ Report and Financial Statements for the year ended 31[st] March 2022
Registered Charity number 1098659
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
| Index | |
|---|---|
| Page | |
| Report of the Trustees | 3-14 |
| Statement of Trustees Responsibilities | 15 |
| Report of the Independent Examiner | 16 |
| Statement of Financial Activities | 17 |
| Balance Sheet | 18 |
| Principle accounting policies | 19-21 |
| Notes to the financial statements | 22-30 |
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Foreword
The Birmingham and Solihull Mental Health NHS Foundation Trust Charity (‘the Charity’ relaunched in October 2013 as ‘Caring Minds’) presents its Annual Report together with the Financial Statements for the year ended 31 March 2022.
The Charity’s annual report and accounts for the year ended 31 March 2022 have been prepared by the Corporate Trustee in accordance with section 132(1) of the Charities Act 2011. The Charity’s Declaration of Trust and Accounting and Reporting by Charities; Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) (Effective 1 January 2015). The Charity’s report and accounts include all the separately established funds for which the Birmingham and Solihull Mental Health NHS Foundation Trust is the sole beneficiary.
The Charity has a corporate trustee: Birmingham and Solihull Mental Health NHS Foundation Trust. The members of the NHS Trust Board who served during the financial year were as follows:
Danielle Oum Trust Chair (Resigned 31 October 2022) Phil Gayle Trust Chair (Appointed 1 November 2022) Roisin Fallon-Williams Chief Executive (Appointed 29 March 2019) David Tomlinson Executive Director of Finance Sarah Bloomfield Interim Director of Quality and Safety (Appointed 01 March 2021) Vanessa Devlin Executive Director of Operations (Appointed 29 April 2019) Dr Hilary Grant Executive Medical Director (Resigned 31 March 2022) Patrick Nyarumbu Executive Director of Strategy, People and Partnerships (Appointed 02 November 2020) Prof Russell Beale Non-Executive Director Joy Warmington Non-Executive Director (Resigned 28 May 2021) Waheed Saleem Non-Executive Director (Resigned 31 July 2021) Gianjeet Hunjan Non-Executive Director (Resigned 31 July 2022) Dr Linda Cullen Non-Executive Director (Caring Minds Chair to August 2021) Winston Weir Non-Executive Director (Caring Minds Chair from August 2021) Anne Baines Non-Executive Director (Appointed 1 August 2021)
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
1. Objectives and activities
Objectives and strategy
The Charity has NHS wide objectives as follows:
“The Trustee shall hold the trust fund upon trust to apply the income, and at their discretion, so far as may be permissible, the capital, for any charitable purpose or purposes relating to the National Health Service (hereinafter referred to as “the objects”).
Annual review: our activities
During the year, the funds continued to support a wide range of charitable and health related activities benefiting both patients and staff which are for the benefit of the public. In general they are used to purchase varied additional goods and services that the NHS is unable to provide from within its allocated resources.
The ward and locality charitable funds receive many donations specifically given to thank the nursing staff and these are used for charitable activities that will benefit both patients and staff. The charitable funds also enable clinical staff to attend training courses or to carry out research that otherwise could not be funded through their ordinary budgets.
As Trustees, we are concerned how the pandemic will affect the UK economy, and how that will impact on donations and fundraising to Caring Minds. We saw an amazing outpouring of support to the hospital charity and the wider NHS in general during lockdown, as was evidenced by participation in Clap for Carers, and the whole country getting behind Captain (Sir) Tom Moore walking his 100 lengths of his garden before his 100th birthday, raising over £32 million for NHS Charities Together.
The national NHS Charities Together campaign has kindly provided £225,600 to Caring Minds so far, and we hope to receive a further grants/funding in coming years.
2. Achievements and performance
Caring Minds is a fantastic charity that provides funding for a range of projects that support people suffering from mental health issues. Mental health affects 1 in 4 people and it has been important that we find innovative ways to enable people to access services which would not normally be funded through the NHS, and that's where Caring Minds plays a vital role. The charity raises money through a variety of avenues and would welcome people to carry out fundraising events to raise vital funds to support the projects.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Our future plans
During 2020 we conducted a review of Caring Minds (this was completed by UHB Charities) and there are a number of recommendations that have been made including employing a Charity Manager, agreeing the Strategy & forward look for Caring Minds, establishing the existence (more impactful) of the Mental Health Charity in the West Midlands, growth and many more. We hope to see this growth and development of Caring Minds over the next couple of years. Our Charity Manager commenced in March 2022.
The trustees are continually reviewing spending and fundraising plans. The trustees review the spending priorities for each fund annually, any funds that have had no activity within twelve months are reviewed and expenditure plans requested to be put in place.
The trustees will continue to welcome bids against the general fund (within the limits set) and are proactively promoting the use of Charitable Funds throughout the Foundation Trust.
The trustees will also be working closely alongside NHS Charities together during the COVID-19 Pandemic to ensure Trusts are supported accordingly.
The Charity now has its own web page on the Foundation Trust’s internet - http://www.bsmhft.nhs.uk/caring minds/ and intranet site and has opened avenues for donors to make donations online and via regular giving (staff lottery).
3. Financial Review-A review of our Finances, achievements and performance
Income
The Charity’s main stream of income is, and has been, from relatively small donations from patients and their relatives in appreciation of the care given to them by the NHS Trust. This has been supplemented by the occasional receipt of legacies and one-off donations from institutions. In accordance with Charity Commission guidelines, donations are not classified as restricted unless the terms of donation are mandatory as to the purpose of the gift; gifts with suggested uses are classified as designated, and it is the policy of the Charity to utilise them for the designated purpose. However, the Charitable Funds sub-committee in 2010/11 put in place a review programme for all funds, and designated funds that are not providing a benefit may be redesignated or have the designation removed. As part of this review a number of funds previously classified as restricted were reclassified as designated on the basis that the original intentions of the donor were not actually mandatory but rather an intention.
Total Income received by the charity was £46,384 compared to £268,097 in the previous year. The graph below shows the areas from which this income was received.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Donations and legacies (£16,061) – one of the main sources of income for the charity is donations and legacies from individuals and companies keen to help and support the charity in its cause.
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Gifts from Individuals (£9,674) there were a total of 85 donations from individuals during the year with an average donation value of £113.81.
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Gifts from Companies (£6,387) there were a total of 4 donations from companies during the year with an average donation value of £1,596.68.
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Legacies (£0) we received no legacy donations during the year.
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NHS Charities Together Donations (£0) we received no further donations from NHS Charities Together during the year.
Other Trading activities (£12,340) – the charity undertakes a small number of activities each year to help supplement the income received from donations and legacies, some of the main ones are income from 4000 club lottery £10,993 and £1,347 from fundraising events.
Investments (£17,983) – the main source of income received from our investment are in the form of dividend payments received on a quarterly basis this totaled £17,804 during the year.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Expenditure
Total expenditure by the Charity was £196,306 compared to £98,465 in the previous year. The graph below shows how this money was spent.
Our expenditure is spread across a number of funds and projects.
We spent £189,315 on charitable activities and £6,991 on raising funds. The main area of expenditure within these categories in year was:
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£170,322 spent on staff and patient welfare.
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£17,690 spent on administration fee from BSMHFT which is a recharge from the Trust’s Finance and Communications department for administration of the funds.
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£3,020 spent on lottery payouts and license fees.
At 31 March 2022 restricted funds of £100,526 remain to be spent, designated funds total £82,532 and general funds available for allocation to specific projects total £326,454.
Investments
The Charity holds all investments with Cazenove (Schroders) Investment Management Limited. In 2009-10, following advice from the investment manager, the trustees decided on investing the Charity’s cash deposit into equity based fund. The fund is managed by Cazenove (Schroders) and has an investment structure approved by the Charity Commission.
The fund adopts a diversified strategy; as well as exposure to equities, bonds and cash. The fund also includes exposure to alternative asset classes such as property, commodities and absolute
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
return. The fund has a target return objective of inflation (RPI) plus 4% per annum over an economic cycle, a secondary aim is to achieve equity like returns with reduced volatility. The fund has exposure to real assets such as equities and property, therefore will not be immune to any market falls.
During 2021-22 the fund realised dividends of £17,804 It also has recognised unrealised market gains of £15,463. At the balance sheet date the fund was worth £118,247 more than the initial investment. The market value of the fund at the year-end is £450,865.
The investment manager and the trustees monitor the performance closely to ensure maximum gain whilst protecting the charities assets.
Reserves policy
Following a review of the guidance set out in the Charity Commission booklet CC19, Charities’ Reserves, the trustee has revised the Charity’s reserves policy to take account of the change in the charities expenditure policy.
The Trustees believe that all income donations should be spent in line with donors’ wishes and within reasonable timescales. In order to ascertain the level of reserves to be held, the Trustees will continue to review the level of funds held and the reliability of each source of income on a regular basis.
Expenditure plans are prepared when appropriate to ensure that reserves are held to meet the needs of the Charity now and for the forthcoming years.
The charity has conducted a review to look at its future and strategy with an aim to raise its profile and standing as a Mental Health Charity and overall seek to increase its donations so that it can spend more.
As we now have a Charity Manager in the role one of their priorities will be meeting regularly with the Fund managers across the clinical and corporate divisions to identify areas in which funds can be spent to make a difference for patients, carers and staff.
The trustees have agreed to an annual expenditure target of £50,000-£100,000 funds which aims to achieve a forward looking approach whereby reserves are held based on a year’s future spend. It is proposed that the reserves will comprise cash in the Charity’s current account and cash held with Cazenove.
The reserves held by the Charity are currently therefore in line with the agreed expenditure policy.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Grant making policy
Expenditure from specific funds is only made if it complies with the wishes of the donor when the original donation was made, these specific funds are managed by fund managers with delegated authority to spend the funds within the laid down fund criteria. The Charity has a General Fund which is used for any successful bids received by the trustees. The trustees meet twice a year for Committee meetings. Throughout the year they invite bids against the general fund and the trustees assess these bids on the following criteria:
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Does the bid fall into one of the predetermined ‘charitable’ categories
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Patient Welfare and Amenities
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Staff Welfare and Amenities
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Research
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How will this benefit patients/staff? – How this benefits patients/staff and is covered in one of the above categories?
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What are the consequences of this bid not being successful? – What circumstances would prevail if this bid wasn’t approved, would it have a knock on effect on service, will patients/staff morale be effected?
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Has alternative funding been sought? – has mainstream funding been reviewed, has a capital bid been submitted, have alternative charitable funds been sought?
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Is the bid value for money?
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Has a full breakdown of funding required been provided?
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Is the bid self-sustainable or is recurrent funding required?
Notable awards (£2,500 and above) set aside from the general fund during the 2021/22 were:
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A sum of £14,100 was designated in 2021/22 for Sustainability of Trusts LEAR group. This was to support the Trusts LEAR group (Lived Experience Action Research) which is a group set up In June 2019 as a joint collaboration between Research and Innovation and team responsible for Lead for recovery, Service User, Carer and family experience. The group identified that there was a gap within the Trust and within the research department in providing people with Lived Experience the opportunity to support the Trusts Research initiatives.
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A sum of £6,875.22 was designated in 2021/22 for the Fresh Air Fitness-Rookery Gardens Bid. This was to fund robust fit for purpose exercise equipment to allow service users and staff to continue to exercise during current lock down restrictions and beyond. To provide a safe space and equipment to facilitate physical exercise interventions and to help deliver bespoke sessions from the physical therapies department to assist with weight management and maintenance of physical health, thus supporting the mental health benefits that exercise promotes.
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A sum of up to £6,473.22 was designated in 2021/22 for EMIN Covid 19 Research. The purpose of the bid is to support the transcribing costs of the EMIN-COVID19 study. This is
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
a ‘home-grown’ research study of local importance which is being developed and led by our clinical studies officers, and not otherwise funded by research grant funding. A key element of the study is carrying out interviews with staff. To consolidate the findings from these, the feedback from the interviews will need to be transcribed and included in the study results. Without formulated results, the research cannot be fully completed and disseminated.
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A sum of £5,500 was designated in 2021/22 for Junior Doctor Wellbeing Fund. This was to provide funding to support wellbeing events and activities for trainee doctors within the trust over 3 years.
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A sum of £2,880 was designated in 2021/22 for Complimentary Therapy sessions for staff as part of Trauma informed care and wellbeing. This was to provide funding to support Ardenleigh as they implemented Wellbeing Wednesdays across the site. They will be offering staff the opportunity to attend wellbeing clinics, PAM sessions, mediation and mindfulness session’s part to apply for funding to offer a complementary therapy service once a month to staff, as part of Ardenleighs trauma informed wellbeing initiative.
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A sum of £2,650 was designated in 2021/22 for the Sycamore Ward at The Tamarind and it’s for a sensory room - Sensory Room – Sycamore (Reducing Restrictive Practice – QI Collaborative). This was to fund the purchase equipment to initially set up a sensory room on Sycamore Ward at Tamarind Centre, ensuring that it is suitable as an effective safe space for service users to access when first experiencing signs of distress and to support service users to manage their arousal level and emotional regulation throughout the day.
The below tables show current spend by year against each bid awarded in last 2 years.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
4. Structure, governance and management
Structure, governance and management
The corporate trustee fulfills its legal duty by ensuring that funds are spent in accordance with the objectives of each fund and by designating funds the Trustee respects the wishes of our generous donors to benefit patient care and advance the good health and welfare of patients, carers and staff.
The corporate trustee has paid due regard to the Charity Commission’s guidance on public benefit in deciding what activities the Charity should undertake.
The charitable funds available for spending are allocated to specialties within the NHS Foundation Trust’s directorate management structure. Each allocation is managed by use of a designated fund. For example there are charitable funds for each ward within our main hospitals and funds for specific mental health locality units.
The Chair and Non-Executive Directors of the Foundation Trust Board are appointed by the Council of Governors. The Chair and Non-executives then appoint the Chief Executive Officer. A committee consisting of the Chair, the Chief Executive Officer and other Non-Executive Directors appoint the Executive members of the Board. Members of the Foundation Trust Board and the charitable funds Committee are not individual trustees under charity law but act as agents on behalf of the corporate trustee.
The Charity has its own procedural guidance that acts as an induction pack for newly appointed members of the NHS Foundation Trust Board and Charitable Funds Committee. This pack provides information about the charity, including the governing document, the Charitable Funds Committee terms of reference, trustees’ annual report and accounts, budgets, policies and minutes, and information about trusteeship, including Charity Commission booklet CC3, The Essential Trustee .
Acting for the Corporate trustee, the Charitable Funds Committee is responsible for the overall management of the Charitable Fund. The Committee is required to:
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Control, manage and monitor the use of the fund’s resources
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Provide support, guidance and encouragement for all its income raising activities whilst managing and monitoring the receipt of all income.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
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Ensure that ‘best practice’ is followed in the conduct of all its affairs fulfilling all of its legal responsibilities.
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Ensure that the approved Investment Policy approved by the NHS Trust Board as Corporate trustee is adhered to and that performance is continually reviewed whilst being aware of ethical considerations.
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Keep the Trust Board informed on the activity, performance and risks of the Charity.
The accounting records and the day-to-day administration of the funds are dealt with by the Finance Department located at Unit 1, B1, 50 Summerhill Road, Birmingham, B1 3RB. Risk Management
The major risks to which the Charity is exposed have been identified and considered. They have been reviewed and systems established to mitigate those risks. The most significant risks identified were possible losses from a fall in the value of the investments and the level of reserves available to mitigate the impact of such losses. There are procedures in place to review the investment policy and to ensure that both spending and firm financial commitments remain in line with income.
Income and expenditure is being monitored in total and is compared with the approved plan on a quarterly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserve.
5. Reference and administration details
Reference and administrative details
The Charity, registered number 1098659, was entered on the Central Register of Charities on the 21 July 2003. In October 2013 the Charity changed its registered name from Birmingham and Solihull Mental Health NHS Foundation Trust Charity to Caring Minds.
The Charity is governed in accordance with a Declaration of Trust dated 18 July 2003 as amended by a Supplemental Deed dated 1 July 2008.
Charitable funds received by the Charity are accepted, held and administered as funds and property held on trust for purposes relating to the health service in accordance with the National Health Service Act 1977 and the National Health Service and Community Care Act 1990 and these funds are held on trust by the corporate body.
Trustee
The Birmingham and Solihull Mental Health NHS Foundation Trust is the corporate trustee of the Charity governed by the law applicable to Trusts, principally the Trustee Act 2000 and the Charities Act 2011.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
The NHS Trust Board devolved responsibility for the on-going management of funds to the Charitable Funds Sub-Committee which administers the funds on behalf of the corporate trustee. This committee was formed on 1 April 2003.
The names of those people who served as agents for the corporate trustee (during 2021/22 financial year), as permitted under regulation 16 of the NHS Trusts (Membership and Procedures) Regulations 1990, were as follows:
Danielle Oum Trust Chair (Resigned 31 October 2022) Dr Hilary Grant Executive Medical Director (Resigned 31 March 2022) Patrick Nyarumbu Executive Director of Strategy, People and Partnerships (Appointed 02 November 2020) Gianjeet Hunjan Non-Executive Director (Resigned 31 July 2022) Dr Linda Cullen Non-Executive Director (Caring Minds Chair to August 2021) Winston Weir Non-Executive Director (Caring Minds Chair from August 2021) Richard Sollars Deputy Director of Finance Jasmine Martin Head of Financial Services Tim Hamilton Associate Director of Louise John Charity Manager (Appointed 7 March 2022) Hannah Sullivan Deputy Company Secretary
Principal charitable fund adviser to the Board:
The Chief executive of the NHS Foundation Trust, who, under a scheme of delegated authority approved by the corporate trustee, has day to day responsibility for the management of the Charitable Fund and must approve, on behalf of the corporate trustee, all expenditure over £1,000 with an upper limit of £5,000 using their delegated authority. All expenditure over £5,000 must be approved by the Charitable Funds Sub-Committee.
Principal Office
The principal office for the Charity is:
Finance Department Unit 1 B1 50 Summerhill Road Birmingham B1 3RB
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Principal Professional Advisers:
Independent Examiner Investment Fund Managers Karen Hanlan Cazenove Capital Management (nee Schroder) Independent Examiner Limited 3[rd] Floor 1 Saracen Close 100 Wood Street Ettington London, EC2V 7ER CV37 7SZ
Bankers
The Royal Bank of Scotland Plc Government Banking Services c/o RBS London Corporate Service Centre CPB Services 2nd Floor, 280 Bishopsgate, London, EC2M 4RB
Partnership Working and Networks
Birmingham and Solihull Mental Health NHS Foundation Trust is the main beneficiary of the Charity and is a related party by virtue of being corporate trustee of the Charity. By working in partnership with the Trust, the charitable funds are used to best effect. When deciding upon the most beneficial way to use charitable funds, the corporate trustee has regard to the main activities, objectives, strategies and plans of the Trust.
The Sub-Committee encourages bidders to seek additional external funding partnerships with external agencies.
A big thank you
On behalf of the staff and patients who have benefited from improved services due to donations and legacies, the Corporate trustee would like to thank all patients and relatives and staff who have made charitable donations.
Approved on behalf of the Corporate trustee:
Linda Cullen
24[th ] January 2023
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Statement of trustees’ responsibilities
The trustees are required 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 surplus or deficit incurred by the charity for that year. In preparing those financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to exist.
The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011.
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 and to provide reasonable assurance that:
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the charity is operating efficiently and effectively;
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its assets are safeguarded against unauthorised use or disposition;
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proper records are maintained and financial information used within the charity or for publication is reliable;
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the charity complies with relevant laws and regulations.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Independent examiner’s report to the Trustees of Birmingham and Solihull Mental Health NHS Foundation Trust General Charity
I report to the trustees on my examination of the financial statements of Birmingham and Solihull Mental Health NHS Foundation Trust General Charity (‘the Charity’) for the year ended 31[st] March 2022 which are set out on pages 17 to 30.
Responsibilities and basis of report
As the Charity’s trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1) accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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2) the accounts do not accord with those records; or
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3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Karen Hanlan, ACA Independent Examiner Limited, 1 Saracen Close Ettington, CV37 7SZ
24[th] January 2023
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Statement of financial activities
| Unrestricted Funds | Restricted Funds | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| 2021/22 | 2021/22 | 2021/22 | 2020/21 | ||
| Note | £ | £ | £ | £ | |
| Income and endownments from: | |||||
| Donations and Legacies | 1 | 11,315 | 4,746 | 16,061 | 237,925 |
| Other trading activites | 2 | 12,340 | - | 12,340 | 12,668 |
| Investments | 3 | 17,951 | 32 | 17,983 | 17,504 |
| Total Income | 41,606 | 4,778 | 46,384 | 268,097 | |
| Expenditure on: | |||||
| Raising funds | 4 | 6,991 | - | 6,991 | 4,393 |
| Charitable Activities | 5 | 36,885 | 152,430 | 189,315 | 94,072 |
| Total Expenditure | 43,876 | 152,430 | 196,306 | 98,465 | |
| Net (Expenditure) / Income before investment | |||||
| gains | (2,270) | (147,652) | (149,922) | 169,632 | |
| Net gains on investment | 13 | 15,463 | - | 15,463 | 71,784 |
| Transfers between funds | 17 | (17) | - | - | |
| Net movement in funds | 13,210 | (147,669) | (134,459) | 241,416 | |
| Reconciliation of funds: | |||||
| Total funds brought forward | 395,776 | 248,195 | 643,971 | 402,555 | |
| Total funds carried forward | 408,986 | 100,526 | 509,512 | 643,971 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Balance sheet
| Note Fixed Assets: Tangible assets 12 Investments 13 Total Fixed Assets Current Assets: Debtors 9 Cash held in investment portfolio 11 Cash at bank and in hand 11 Total Current Assets Current Liabilities: Ceditors: amounts falling due within one year 10 Total Current Liabilities Net Current (Liabilities)/Assets Total Assets Less Current Liabilities Total Net Assets The Funds of the Charity: Restricted Income Funds 15 Unresticted income funds - General Funds 15 - Designated Funds 15 Total Charity Funds |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2021/22 2021/22 2021/22 2020/21 £ £ £ £ - - - - 450,865 - 450,865 435,402 |
|---|---|
| 450,865 - 450,865 435,402 |
|
| 500 - 500 5,073 84,562 47,832 132,394 115,198 (83,005) 201,274 118,269 349,625 |
|
| 2,057 249,106 251,163 469,896 |
|
| (43,936) (148,580) (192,516) (261,327) |
|
| (43,936) (148,580) (192,516) (261,327) |
|
| (41,879) 100,526 58,647 208,569 |
|
| 408,986 100,526 509,512 643,971 |
|
| 408,986 100,526 509,512 643,971 |
|
| - 100,526 100,526 248,195 - - 326,454 - 326,454 311,494 82,532 - 82,532 84,282 |
|
| 408,986 100,526 509,512 643,971 |
The accompanying accounting policies and notes form part of these financial statements.
Approved by the Trustees and signed on their behalf by:
Linda Cullen
24[th] January 2023
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Principal accounting policies
1. Basis of preparation
The financial statements have been prepared under the historic cost convention, with the exception of investments which are held at market value.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Updated 1 January 2019Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
The trustees consider that there are no material uncertainties about the Charities ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.
2. Fund structure
General accumulated funds are unrestricted funds available for general purposes and include funds designated for a particular purpose; the use of such funds remains at the discretion of the trustees.
Restricted funds are funds subject to conditions imposed by the donor or by specific terms of the appeal under which the funds are raised. The restrictive conditions are binding upon the Charity.
3. Income from donations and legacies
Income is recognised once the charity has entitlement to the funds, it is probable (more likely than not) that the income will be received and the monetary value can be measured with sufficient reliability.
Legacies are accounted for as income either upon receipt or where the receipt of the legacy is probable.
Receipt is probable when confirmation has been received from the representatives of the estate that probate has been granted. The executors have established that there are sufficient assets in the estate to pay the legacy and all conditions attached to the legacy have been fulfilled or are within the charity’s control.
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
4. Expenditure and irrecoverable VAT
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when there is a present legal or constructive obligation resulting from a past event. It is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement. The amount of the obligation can be measured or estimated reliably.
Irrecoverable VAT is charged against the category of expenditure for which it was incurred.
5. Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end.
6. Interest and investment income receivable
Bank interest and income from investments are included in the financial statements when receivable.
7. Investment gains and losses
Investment gains and losses include any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
8. Debtors
Debtors are amounts owed to the charity. They are measured on the basis of their recoverable amount.
9. Cash and cash equivalents
Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due.
10. Creditors
Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt.
20
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
11. Tangible Fixed Asset
Depreciation is provided at a rate calculated to write off the cost on a straight line basis over a period of less than the estimated useful life of the assets at the following rates:
Ford Galaxy (David Bromley House)
10 years
Fixed assets are capitalised depending on their value at the discretion of the trustees.
12. Taxation
As a registered charity no provision is considered necessary for taxation.
21
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Notes to the financial statements
1. Income from Donations and Legacies
| Donations from Individuals Corporate Donations Legacies NHS Charities Together Donations Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2021/22 2021/22 2021/22 2020/21 £ £ £ £ 5,649 4,025 9,674 11,589 5,666 721 6,387 736 - - - - - - - 225,600 |
|---|---|
| 11,315 4,746 16,061 237,925 |
|
| Donations from Individuals Corporate Donations Legacies NHS Charities Together Donations Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2020/21 2020/21 2020/21 2019/20 £ £ £ £ 11,589 - 11,589 8,514 441 295 736 9,505 - - - - - 225,600 225,600 - |
| 12,030 225,895 237,925 18,019 |
2. Income from Other Trading Activities
| Lottery Income Fundraising Events Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2021/22 2021/22 2021/22 2020/21 £ £ £ £ 10,993 - 10,993 11,730 1,347 - 1,347 938 |
|---|---|
| 12,340 - 12,340 12,668 |
|
| Lottery Income Fundraising Events Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2020/21 2020/21 2020/21 2019/20 £ £ £ £ 11,730 - 11,730 11,234 938 - 938 1,637 |
| 12,668 - 12,668 12,871 |
22
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
3. Investment Income
| 3. Investment Income | |
|---|---|
| Interest Dividends Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2021/22 2021/22 2021/22 2020/21 £ £ £ £ 147 32 179 (33) 17,804 - 17,804 17,537 |
| 17,951 32 17,983 17,504 |
|
| Interest Dividends Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2020/21 2020/21 2020/21 2019/20 £ £ £ £ (20) (13) (33) 863 17,537 - 17,537 17,713 |
| 17,517 (13) 17,504 18,576 |
The Negative interest values above relate to release of accruals from previous year end. Due to COVID-19 Pandemic the interest rates on our bank accounts where reduced so that we are no longer receiving any interest on our accounts.
4. Expenditure on raising funds
| 4. Expenditure on raising funds | |
|---|---|
| Fundraising Manager Lottery Payouts and license fees Fundraising events Domain Name fees Investment Managers Fee Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2021/22 2021/22 2021/22 2020/21 £ £ £ £ 3,349 - 3,349 - 3,020 - 3,020 2,920 - - - 835 - - - 53 622 - 622 585 |
| 6,991 - 6,991 4,393 |
|
| Lottery Payouts and license fees Fundraising events Domain Name fees Investment Managers Fee Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2020/21 2020/21 2020/21 2019/20 £ £ £ £ 2,920 - 2,920 3,050 835 - 835 535 53 - 53 - 585 - 585 600 |
| 4,393 - 4,393 4,185 |
23
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
5. Expenditure on Charitable Activities
| Staff education and welfare Patient education and welfare Depreciation of charitable assets Support costs : - Administration Fees - Independent Examiners fee - Bank charges - Bad Debt Write Off Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2021/22 2021/22 2021/22 2020/21 £ £ £ £ 250 25,925 26,175 22,831 21,192 122,955 144,147 49,451 - - - 1,908 - - 14,140 3,550 17,690 16,267 1,000 - 1,000 1,000 303 - 303 302 - - - 2,313 |
|---|---|
| 36,885 152,430 189,315 94,072 |
|
| Staff education and welfare Patient education and welfare Depreciation of charitable assets Support costs : - Administration Fees - Independent Examiners fee - Bank charges - Bad Debt Write Off Total |
Unrestricted Funds Restricted Funds Total Funds Total Funds 2020/21 2020/21 2020/21 2019/20 £ £ £ £ 250 22,581 22,831 - 28,002 21,449 49,451 36,087 - 1,908 1,908 1,908 - - 9,882 6,385 16,267 11,280 1,000 - 1,000 1,000 302 - 302 305 2,313 - 2,313 - |
| 41,749 52,323 94,072 50,580 |
6. Trustees’ remuneration, benefits and expenses
The charity’s trustees give their time freely and receive no remuneration for the work that they undertake as trustees. No expenses were reimbursed to any trustee.
7. Analysis of staff costs
The charity employed one staff member during the year £3,349 (commenced March 2022) (2020/21: None).
8. Independent Examiner's remuneration
The independent Examiner’s remuneration of £1,300 (2020/21: £1,000) related solely to the Independent Examination with no other additional work being undertaken.
24
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
9. Debtors
| Other Debtors | 2021/22 2020/21 £ £ 500 5,073 |
|---|---|
| 10. Creditors: amounts falling due within one year | |
| Accruals: Amounts owed to BSMHFT | 2021/22 2020/21 £ £ 192,516 261,327 |
| 11. Cash and Cash Equivalents | |
| Cash held in investment portfolio Cash at bank and in hand Total |
2021/22 2020/21 £ £ 132,394 115,198 118,269 349,625 |
| 250,663 464,823 |
|
| 12. Tangible Assets |
| Cost At beginning of year Additions Disposals At end of the Year Depreciation At beginning of year Charge for the year Disposals At end of the Year Net Book Value At 1 April 2021 At 31 March 2022 |
Log Cabin Ford Galaxy Total £ £ £ - 19,078 19,078 - - - - - - |
|---|---|
| - 19,078 19,078 |
|
| - 19,078 19,078 - - - - - - |
|
| - 19,078 19,078 |
|
| - - - |
|
| - - - |
25
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
13. Investment Asset
| Movement in fixed asset investment Market Value at beginning of the year Less: Disposal Proceeds Less: Net Loss on Revaluation Market Value at end of the year Historic Cost at end of the year Fixed asset investment by type Schroder Charity Multi-Asset Fund (Income Units) Total Listed Investment Cash held in investment portfolio Total Investment is held at market value |
2021/22 2020/21 £ £ 435,402 363,618 15,463 71,784 |
|---|---|
| 450,865 435,402 |
|
| 332,618 332,618 |
|
| 2021/22 2020/21 £ £ 450,865 435,402 |
|
| 450,865 435,402 |
|
| 132,394 115,198 |
|
| 583,259 550,600 |
|
14. Related Party Transactions
As stated in the Trustees Report all funds are held and administered by the Charity for the benefit of the Birmingham and Solihull Mental Health NHS Foundation Trust (‘the Trust’) which is the Corporate Trustee. As such all grants and donations are made to the various departments within the Trust and are not treated as related party transactions. There were no further transactions with related parties in the year (2020/21: None).
26
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
15. Analysis of Funds
| Analysis of Funds 2021/22 Restricted Funds Norman Imlah Day Centre B'ham Working Age Dementia Service Little Bromwich Centre David Bromley House Hertford House Ward 10 Solihull (Inc Solihull STEPS) Highcroft / Northcroft Gospel Choir East AOT Team Fund Chamomile Mother & Baby Unit Endeavour Court & Hse, George Ward Eden Unit Grove Avenue Melissa Suite Caffra Suite Fund Admiral Nursing Birmingham Healthly Minds Personality Disorder-Staff Awareness David Bromley & Dan Mooney House Dan Mooney House Solihull Assertive Outreach NHS Charities Together NHS Charities Together - UHB Total Restricted Funds Unrestricted Funds General Funds Designated Funds Total Unrestricted Funds Total Funds |
Balance B/FWD Income Expediture Transfers Investment Gains/(Losses) Balance C/FWD £ £ £ £ £ £ 981 - (33) (1) 947 2,994 1 (102) (1) 2,892 560 - (19) (1) 540 979 - (33) (1) 945 2,052 1 (70) 1,983 2,729 1 (93) (2) 2,635 45,899 14 (1,566) 2 44,349 87 - (3) 84 1,162 - (40) 1,122 1,420 1,132 (87) (2) 2,463 289 - (10) 3 282 45 - (2) 43 88 - (3) 85 97 - (3) 94 540 25 (19) 2 548 454 591 (36) 1,009 518 - (18) 500 9,281 2,003 (1,785) (2) 9,497 926 - (32) 1 895 531 1,001 (52) 1 1,481 116,566 9 (88,424) (19) 28,132 59,997 - (60,000) 3 - |
|---|---|
| 248,195 4,778 (152,430) (17) - 100,526 311,494 40,153 (40,674) 18 15,463 326,454 84,282 1,453 (3,202) (1) 82,532 |
|
| 395,776 41,606 (43,876) 17 15,463 408,986 |
|
| 643,971 46,384 (196,306) - 15,463 509,512 |
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Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
Purpose of Funds
| Fund | Purpose |
|---|---|
| Norman Imlah Day Centre | To provide rehabilitation, educational and social activites only for the patients of the Norman Imlah day centre |
| B'ham Working Age Dementia Service | To promote the wellbeing of the older adult client group. |
| Little Bromwich Centre | To benefit the service users and staff of the Little Bromwich Centre only. |
| David Bromley House | The balance of the fund is for the benefit of all residents at David Bromley House only. |
| Hertford House | To benefit thepatients of Hertford House only. |
| Ward 10 Solihull Hospital | To benefit the patients of Birmingham and Solihull Mental Health Foundation Trust within the Solihull area only. |
| STEPS | To provide activities recreational and entertainment for day hospital patients |
| Highcroft/Northcroft | To benefit the service user of Highcroft/Northcroft only. |
| Gospel Choir | To benefit the BSMHFT Gospel Choir |
| East AOT Team Fund | To benefit the service users of East AOT team. |
| Chamomile Mother & BabyUnit | To benefit the service users of Chamomile Unit |
| Endeavour Court & Hse, George Ward Eden Unit | To benefit the service users of Endeavour Court & House, George ward and eden unit |
| Grove Avenue | To benefit the service users of Grove Avenue |
| Melissa Suite | To benefit the service users of Melissa Suite |
| Caffra Suite Fund | To benefit the service users of Caffra Suite |
| Admiral Nursing | To benefit the service users of Solihull Admiral Nurses service |
| Birmingham HealthlyMinds | To Benefit the service users of the Birminhgam HealthlyMinds service |
| PersonalityDisorder-Staff Awareness | To aid staff awareness in realtion topersonalitydisorders |
| David Bromley& Dan MooneyHouse | To Benefit the service users of Dan Mooneyand Davind BromleyHse |
| Dan MooneyHouse | To benefit the service users of Dan MooneyHse |
| Solihull Assertive Outreach | To benefit the service users of Solihull Aseertive Outreach |
| NHS Charities Together | Toprovide support duringCOVID-19 |
| NHS Charities Together - UHB | Toprovide support duringCOVID-19 |
28
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
| Analysis of Funds 2020/21 Restricted Funds Norman Imlah Day Centre B'ham Working Age Dementia Service Little Bromwich Centre David Bromley House Hertford House Ward 10 Solihull (Inc Solihull STEPS) Highcroft / Northcroft Gospel Choir East AOT Team Fund Chamomile Mother & Baby Unit Endeavour Court & Hse, George Ward Eden Unit Grove Avenue Melissa Suite Caffra Suite Fund DBH - Ford Galaxy Admiral Nursing Birmingham Healthly Minds Personality Disorder-Staff Awareness David Bromley & Dan Mooney House Dan Mooney House Solihull Assertive Outreach NHS Charities Together NHS Charities Together - UHB Total Restricted Funds Unrestricted Funds General Funds Designated Funds Total Unrestricted Funds Total Funds |
Balance B/FWD Income Expediture Transfers Investment Gains/(Losses) Balance C/FWD £ £ £ £ £ £ 1,006 - (25) 981 3,071 - (77) 2,994 574 - (14) 560 1,004 - (25) 979 2,105 - (53) 2,052 2,799 - (70) 2,729 47,082 (2) (1,181) 45,899 89 - (2) 87 1,192 - (30) 1,162 1,456 - (36) 1,420 297 - (8) 289 46 - (1) 45 90 - (2) 88 100 - (3) 97 1,450 - (1,452) 2 - 296 258 (14) 540 466 - (12) 454 531 - (13) 518 9,520 - (239) 9,281 950 - (24) 926 510 35 (14) 531 - 165,594 (49,028) 116,566 - 59,997 - 59,997 |
|---|---|
| 74,634 225,882 (52,323) 2 - 248,195 241,859 41,662 (43,809) (2) 71,784 311,494 86,062 553 (2,333) 84,282 |
|
| 327,921 42,215 (46,142) (2) 71,784 395,776 |
|
| 402,555 268,097 (98,465) - 71,784 643,971 |
29
Birmingham and Solihull Mental Health NHS Foundation Trust Charity Financial Statements for the year ended 31[st] March 2022
16. Comparative 2020/21 SOFA
----- Start of picture text -----
Unrestricted Funds Restricted Funds Total Funds
2020/21 2020/21 2020/21
£ £ £
Income and endownments from:
Donations and Legacies 12,030 225,895 237,925
-
Other trading activites 12,668 12,668
Investments 17,517 (13) 17,504
Total Income 42,215 225,882 268,097
Expenditure on:
-
Raising funds 4,393 4,393
Charitable Activities 41,749 52,323 94,072
Total Expenditure 46,142 52,323 98,465
Net (Expenditure/Income) and net movement in
funds before investment gains (3,927) 173,559 169,632
-
Net gains on investment 71,784 71,784
Transfers between funds (2) 2 -
Net movement in funds 67,855 173,561 241,416
Reconciliation of funds:
Total funds brought forward 327,921 74,634 402,555
Total funds carried forward 395,776 248,195 643,971
----- End of picture text -----
30