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2021-03-31-accounts

Annual Report and Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Fund Charity Number: 1108920

Year to 31 March 2021

Trust Headquarters, Unit 7 & 8, Meadow Lane, St Ives PE27 4LG

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

Cambridgeshire Community Services NHS Trust Charitable Funds

Annual Report and Financial Statements of the Cambridgeshire Community Service NHS Trust Charitable Funds

Statement of Trustee's Responsibilities

The Trustee is responsible for:

The Trustee is required under the Charities Act 2011 and the National Health Service Act 2006 to prepare accounts for each financial year. The Secretary of State, with the approval of the Treasury, directs that these accounts give a true and fair view of the financial position of the funds held on trust, in accordance with the Charities Act 2011. In preparing those accounts, the Trustee is required to:

The Trustee confirms that it has met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out on pages 11 to 22 attached have been compiled from and are in accordance with the financial records maintained by the Trustee.

The financial statements on pages 8 to 20 were approved by the trustee on 2021 and signed on its behalf by

Chair Mary Elford ………………………………………… Chief Executive Matthew Winn ………………………………………… Director of Finance and Resources Mark Robbins …………………………………………

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

2

Cambridgeshire Community Services NHS Trust Charitable Funds

Trustee's Annual Report

The Trustee presents its financial statements for the year ended 31 March 2021, which have been examined under section 145 of the Charities Act 2011.

Charity Registration

The Umbrella Charity, the Cambridgeshire Community Services NHS Trust Charitable Funds is registered with the Charity Commission, and the registration number is 1108920.

The 'Group' charity name entered into the Charity Commission Register is: 'Cambridgeshire Community Services NHS Trust Charitable Funds'.

The principal address of the charity is: Trust Headquarters, Unit 7 & 8, Meadow Lane, St Ives, PE27 4LG.

Structure, Governance and Management

The charitable trust constituted by Statutory Instrument is administered and managed by the Trustee of the Charity which is the Cambridgeshire Community Services NHS Trust. The overall responsibility, therefore, rests collectively with the Board. The Board consists of a Chairman and four other Non Executive Directors who are each appointed by the Appointments Commission, together with a Chief Executive and four other Executive Directors.

Directors during the financial year ended the 31 March 2021 and at the date the financial statements were approved were as follows:

Name Title Changes during 2020/21
Mary Elford Chair
Dr Anne McConville Non-Executive Director
Geoff Lambert Non-Executive Director
Oliver Judges Non-Executive Director
Anna Gill Non-Executive Director
Gary Tubb Non-Executive Director
Judith Glashen Associate Non-Executive Director
Fazilet Hadi Non-Executive Director
Matthew Winn Chief Executive Seconded from 11/01/2021 to
31/03/2021
Dr David Vickers Medical Director
Mark Robbins Director of Finance and Resources
Anita Pisani Deputy Chief Executive & Director of
Workforce and Service Re-Design		 Chief Executive from 11/01/2021 to
31/03/2021
Julia Curtis Chief Nurse Resigned 16/10/2020
Kate Howard Chief Nurse Effective 19/10/2020
Rachel Hawkins Director of Governance Deputy Chief Executive from
11/01/2021 to 31/03/2021
Anne Foley Director for Workforce, Business
Development & Transitions		 Effective from 11/01/2021 to
31/03/2021

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

3

Cambridgeshire Community Services NHS Trust Charitable Funds

Trustee's Annual Report

The Membership of the Charitable Funds Committee during the financial year ended the 31 March 2021 and at the date the financial statements were approved were as follows:

Name Title Changes during 2020/21
Mary Elford Chair
Dr Anne McConville Non-Executive Director
Geoff Lambert Non-Executive Director
Oliver Judges Non-Executive Director
Anna Gill Non-Executive Director
Gary Tubb Non-Executive Director
Judith Glashen Associate Non-Executive Director
Fazilet Hadi Non-Executive Director
Matthew Winn Chief Executive Seconded from 11/01/2021 to
31/03/2021
Dr David Vickers Medical Director
Mark Robbins Director of Finance and Resources
Anita Pisani Deputy Chief Executive & Director of
Workforce and Transformation		 Chief Executive from 11/01/2021 to
31/03/2021
Julia Curtis Chief Nurse Resigned 16/10/2020
Kate Howard Chief Nurse Effective 19/10/2020
Rachel Hawkins Director of Governance Deputy Chief Executive from
11/01/2021 to 31/03/2021
Karen Mason Head of Communications

The Charity has policies and procedures in place for the induction and training of the Board. This induction includes an introduction to the objectives, scope and policies of the charitable funds, Charity Commission information on Trustee Responsibilities and copies of the previous year's financial statements.

The Charity has identified and examined all major risks to which it is exposed and systems have been established to mitigate these risks. The area of significant risk to the Charity is that of the investment of surplus funds due to fluctuations in the stock market.

Linked Charity

The following linked charity is registered with the Charity Commission:

Huntingdonshire Children’s Charity (Dreamdrops)

Advisers and Auditors

The names and addresses of principal advisors are as follows:

Barclays Bank PLC 28 Chesterton Road Cambridge CB4 3AZ

Mills & Reeve, Solicitors LLP 112 Hills Road Cambridge CB2 1PH

and the independent examiner is:

TBC

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

4

Cambridgeshire Community Services NHS Trust Charitable Funds

Trustee's Annual Report

Objectives and Activities

The objective of the Cambridgeshire Community Services NHS Trust Charitable Funds is for the Trustee to hold the funds upon trust to apply the income, and at its discretion, so far as may be permissible, the capital, for any charitable purpose or purposes relating to the National Health Service. The main policy followed is that the majority of the expenditure is incurred for the support and improvement of patient services and to provide further comforts for patients which cannot be afforded through public funding.

Statement on Public Benefit

The objectives and activities, and achievement and performance sections of this report clearly set out the activities which the charity undertakes for the public benefit. The Trustee confirms that it has complied with the duty in section 17 (5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the charity.

Achievements and Performance

The incoming resources have increased from 2019/20 as donations in the current period included £152,000 from Covid 19 centrally raised funds. Cambridgeshire Community Services NHS Trust Charitable Funds hosts funds on behalf of East London NHS Foundation Trust, expenditure from these funds was £36,000 during the period.

Financial Review

Total incoming resources for the year totalled £156,000 compared with £26,000 for the previous year, of which 99% was from donations and 1% from investment. There is an overall increase in income of £130,000 from 2019/20. In 2020/21 the expenditure was £94,000 (2020: £223,000) of which £37,000 (2020: £12,000) was expenditure from unrestricted funds, £56,000 (2020: £209,000) was expenditure from restricted funds and £nil (2020: £nil) was from endowment funds. In 2020/21, income included the grant of funds of £152,000 from Covid 19 centrally raised funds.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

5

Cambridgeshire Community Services NHS Trust Charitable Funds

Trustee's Annual Report

Investment Policy

The aim of the Investment Policy is to give clear guidelines to the Trustee in the managing of the Charity's funds and to ensure proper and timely monitoring and review of investment performance. The objectives of the Investment Policy are to:

At 31 March 2021 unrestricted funds totalled £284,000 (2020: £165,000), restricted funds totalled £867,000 (2020: £923,000) and endowment funds totalled £49,000 (2020: £49,000) (see note 11). The unrestricted and restricted funds will be mainly used to support and improve patient services and also to provide further comforts for patients that cannot be afforded through public funding.

Reserves Policy

The Trustee has a duty to manage the cash reserves of the Charity efficiently. This requires keeping cash held at the bank to a minimum and investing prudently. Charity reserves, as defined by the Charity Commission, are ‘funds freely available for its general purpose’ and this definition excludes investment assets.

The Trustee of the Charity is under a general legal duty to ‘apply’ (in practice this means ‘expend’) and not accumulate income. Charity Commission guidance on this issue determines that the income of a charity should be applied to specified purposes within a ‘reasonable period of receipt’ (currently 6 months to 2 years). Levels of future income flows are never guaranteed and it is prudent to retain reserves that enable the Charity to continue to meet its regular commitments. Income may be retained beyond this ‘reasonable period’ if, in the considered opinion of the trustee, it is implementing an action necessary for the Charity to function properly i.e. the holding of specified income reserve balances.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

6

Cambridgeshire Community Services NHS Trust Charitable Funds

Trustee's Annual Report

Investment assets are shown on the balance sheet at market value. Subject to the above it is the intention that the Charity will spend available funds generally over a 2 year period, but with a maximum of 3 years and the Trustee will ensure that resources are maintained in a fashion that achieves this objective.

Relationship with Related Parties/External Bodies

The Cambridgeshire Community Services NHS Trust Charitable Funds works closely with its related NHS organisation, who is Cambridgeshire Community Services NHS Trust.

The majority of its grants are provided to its related NHS organisations and to individuals within these organisations. Staff within these organisations identify and advise the Cambridgeshire Community Services NHS Trust Charitable Funds on local priorities and assist the corporate Trustee in monitoring the use of the charitable funds.

The Cambridgeshire Community Services NHS Trust Charitable Funds maintains close links with staff and patients within the related organisations and their hospitals and community. The strong relationship with members of staff is particularly valued and enables the charitable funds to be directed to ensure an effective contribution is made in support of these organisations.

Close links are also maintained with individual hospital voluntary organisations.

Grant Making Policy

In making grants, the Trustee requires that the activity falls within the objects of the Charity and that the funds are available to meet the requirement.

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 Trustee is satisfied that systems are in place to mitigate exposure to identified risks.

Plans for Future Periods

The Charity will continue to follow the main policy that the majority of expenditure is incurred for the support and improvement of patient services and to provide further comforts for patients which cannot be afforded through public funding.

Approved by the Trustee on and signed on behalf by

Chief Executive Matthew Winn ………………………………………… Director of Finance and Resources Mark Robbins …………………………………………

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

7

Cambridgeshire Community Services NHS Trust Charitable Funds

Foreword to the Financial Statements

The Charity’s financial statements for the year ended 31 March 2021 have been prepared by the Trustee in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 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 published on 16 July 2014.

The Cambridgeshire Community Services NHS Trust Charitable Funds is registered with the Charity Commission (registration number 1108920).

The main purpose of the charitable funds held on trust is to apply income for any charitable purposes relating to the National Health Service wholly or mainly for the services provided by the Cambridgeshire Community Services NHS Trust.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

8

Cambridgeshire Community Services NHS Trust Charitable Funds

Statement of Financial Activities for the year ending 31 March 2021

Note
Income and endowments from:
Donations and legacies
2
Other income
2
Investment income
12
Total income
Expenditure on:
Charitable Activities
3
Total Expenditure
Net Income/(expenditure) and net
movement in funds before gains on
investments
Net (loss)/gain on investments
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
Funds
Funds
2020/21
2020/21
2020/21
2020/21
2019/20
£000
£000
£000
£000
£000
154
0
0
154
18
0
0
0
0
0
2
0
0
2
7
156
0
0
156
25
(37)
(56)
0
(93)
(187)
(37)
(56)
0
(93)
(187)
119
(56)
0
63
(162)
0
0
0
0
0
119
(56)
0
63
(162)
165
923
49
1,137
1,299
284
867
49
1,200
1,137

All amounts are generated from continuing activities.

The notes on pages 12 to 20 form part of these financial statements.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

9

Cambridgeshire Community Services NHS Trust Charitable Funds

Balance Sheet as at 31 March 2021

Note
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2020/21
2020/21
2020/21
£000
£000
£000
Fixed Assets
Investments
5
0
0
0
Total Investments
0
0
0
Current Assets
Debtors
6
0
0
0
Cash at bank and in hand
7
321
950
49
Total current assets
321
950
49
Liabilities
Creditors falling due
within one year
8
(37)
(83)
0
Net Current Assets
284
867
49
Total Net Assets
9
284
867
49
The Funds of the Charity:
11
Unrestricted funds
284
Restricted funds
867
Endowment funds
49
Total Charity Funds
284
867
49
Approved by the Trustee on and signed on behalf by
Chair
Mary Elford
……………………
Chief Executive
Matthew Winn
……………………
Director of Finance and Resources
Mark Robbins
……………………		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2020/21
2020/21
2020/21
£000
£000
£000
0
0
0		 Total
Total
Funds
Funds
2020/21
2019/20
£000
£000
0
0
0
0
0		 0
0
0
0
0
321
950
49		 0
0
1,320
1,164
321
950
49		 1,320
1,164
(37)
(83)
0		 (120)
(27)
284
867
49		 1,200
1,137
284
867
49		 1,200
1,137
284
867
49		 284
165
867
923
49
49
284
867
49		 1,200
1,137
……………………
……………………
……………………

The notes on pages 12 to 20 form part of these financial statements.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

10

Cambridgeshire Community Services NHS Trust Charitable Funds

Statement of Cash Flows For the year ending 31 March 2021

Note
Net cash used in operating activities
13
Cash flows from investing activities:
Interest and dividends
Proceeds from sale of investments
Net cash provided by investing activities

Cash flows from transfer of funds:
To Cambridgeshire Community Services NHS
Trust Charitable Funds
Net cash from transfer of funds
Change in cash and cash equivalents in the
year
Cash and cash equivalents at the beginning of
the year
Cash and cash equivalents at the end of the year7		 Total
Total
Funds
Funds
2021
2020
£000
£000
156
(55)
0
7
0
0
0
7
0
(120)
156
(168)
156
(168)
1,164
1,332
1,320
1,164

The notes on pages 12 to 20 form part of these financial statements.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

11

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

1.1 Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements 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 (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015 and updated by Bulletin 1.

The trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charities ability to continue as a going concern. With respect to the next reporting period, 2021-22, the most significant areas of uncertainty that affect the carrying value of assets held by the Trust are the level of investment return and the performance of investment markets (see the investment policy and performance and risk management sections of the trustees’ annual report for more information).

1.2 Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.

1.3 Income

In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the funds or the amount actually realised. When gifts in kind are received, the basis of the valuation is disclosed in the annual report.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

12

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

1.4 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Resources expended on charitable activities comprise all the resources applied by the charity in undertaking its work to meet its charitable objectives and governance costs, as opposed to the cost of raising the funds to finance these activities. Charitable activities are all the resources expended by the Charity in the delivery of goods and services, including its programme and project work that is directed at the achievement of its charitable aims and objectives. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken.

Grants are only made to related or third party NHS bodies and non-NHS bodies in furtherance of the charitable objects of the funds. A liability for such grants is recognised when approval has been given by the Trustee.

Governance costs include the costs of governance arrangements which relate to the general running of the Charity as opposed to the direct management functions inherent in generating funds, service delivery and programme or project work.

1.5 Investment fixed assets

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

13

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

1.6 Structure of funds

Where there is a legal restriction on the purposes to which a fund may be put, the fund is classified in the financial statements as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the Trustee has chosen to earmark for set purposes are classified as designated funds.

1.7 Realised and unrealised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or date of purchase if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or date of purchase if later).

1.8 Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.9 Cash at bank and in hand

Cash at bank and in hand are short-term, highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of changes in value.

1.10 Value Added Tax

Most of the activities of the Charity are outside the scope of VAT and, in general, output tax does not apply and input tax on purchases is not recoverable. Irrecoverable VAT is charged to the relevant expenditure category or included in the capitalised purchase cost of fixed assets. Where output tax is charged or input VAT is recoverable, the amounts are stated net of VAT.

1.11 Allocation of support and governance costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. Support costs comprise the costs involved in the administration of the charity. They are apportioned on the basis of the average monthly fund balances.

1.12 Charitable activities

Costs of charitable activities include grants made, governance costs and an apportionment of support costs.

1.13 Judgements and Key sources of estimation uncertainty

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

14

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

2 Income

Donations
Legacies
Other
income
Totals		 Unrestricted
Restricted
Endowment
Total
20/21
19/20
20/21
19/20
20/21
19/20
20/21
19/20
£000
£000
£000
£000
£000
£000
£000
£000
154
11
0
7
0
0
154
18
0
0
0
0
0
0
0
0
2
7
0
0
0
0
2
7
156
18
0
7
0
0
156
25

In 2020/21, donations of £154,000 include a grant of £152,000 which was received from Covid 19 centrally raised funds.

3 Charitable activities

Patients welfare and
amenities
Contribution to NHS towards
patient welfare and amenities
Staff welfare and amenities
Management and
administration of the Charity
Totals		 Unrestricted
Restricted
Endowment
Total
20/21
£'000
19/20
£'000
20/21
£'000
19/20
£'000
20/21
£'000
19/20
£'000
20/21
£'000
19/20
£'000
0
0
0
14
0
0
0
14
36
7
18
43
0
0
54
50
1
2
2
1
0
0
3
3
0
0
36
120
0
0
36
120
37
9
56
178
0
0
93
187

In 2019/20, Management and administration of the Charity costs include the grant of funds of £119,936 to North West Anglia Foundation Trust and East London NHS Foundation Trust following the transfer of services to the NHS organisations.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

15

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

4 Analysis of support costs

Governance costs
Administration of the
Charity		 20/21
19/20 Basis of allocation
£000
£000
2
2 Charged to a general fund
0
0 Average monthly fund balance
2
2

5 Fixed asset investments

Market value 1 April 2020
Purchase of investments at
cost
Sale of investments at cost
Realised gain/(loss)
Net unrealised gain
Market value 31 March 2021
Historical cost as at 31 March
2021		 Equity
Based
Fixed
Interest
Property
Fund
Responsible
Global
Equity Fund
Epworth
COIF
Total
2020/21
Total
2019/20
£'000
£'000
£'000
£'000
£'000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

16

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

6 Debtors: amounts falling due within one year

Trade debtors 2020/21
2019/20
£'000
£'000
0
0
0
0

7 Cash at Bank and in Hand

Cash at bank and in Hand 2020/21
2019/20
£'000
£'000
1,320
1,164
1,320
1,164

8 Creditors: amounts falling due within one year

Accruals 2020/21
2019/20
£'000
£'000
120
27
120
27

9 Analysis of net assets between funds

Investments
Current assets
Current liabilities		 Unrestricted
Restricted
Endowment
Total
Total
Funds
Funds
Funds
2020/21
2019/20
£’000
£’000
£'000
£'000
£'000
0
0
0
0
0
321
950
49
1,320
1,164
(37)
(83)
0
(120)
(27)
284
867
49
1,200
1,137

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

17

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

10 Related party transactions

The Cambridgeshire Community Services NHS Trust Charitable Funds works closely with its related NHS organisation. The related NHS organisation is Cambridgeshire Community Services NHS Trust.

During the year, certain members of the Charitable Funds Investment Panel, which is empowered by the Trustee to act on its behalf in the day-to-day administration of all Funds Held on Trust, were also members of the above organisations.

During the year, the Charity had a number of material transactions with these organisations in furtherance of the objectives of the charity totalling £152,000 (2020: £201,000), which includes administration charges. Other than these payments there have been no transactions between the Charity and the listed NHS bodies.

Board Members of the Cambridgeshire Community Services NHS Trust, the Corporate Trustee and members of the Charitable Funds Investment Panel ensure that the business of the charity is dealt with separately from the associated Exchequer Funds for which they are also responsible.

Declarations of personal interest are made where appropriate, and these declarations pertaining to the Funds Held on Trust are available for public inspection by application through the Trust Secretary of the Cambridgeshire Community Services NHS Trust.

The Corporate Trustee did not pay expenses to any member of the Cambridgeshire Community Services NHS Trust Board of Directors’ nor to any member of the Charitable Funds Investment Panel and members did not receive any honoraria or emoluments from charitable funds in the year (2020: Nil).

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

18

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

11 Outline Summary of fund movements

Unrestricted Funds:
Cambridgeshire Community
Services NHS Trust
Total Unrestricted Funds
Restricted Funds:
Cambridgeshire Community
Services NHS Trust
Oliver Zangwill Centre
North Cambs Hospital
Total Restricted Funds
Endowment Funds
CIP Sidney Russell
Total Endowment Funds
TOTAL FUNDS		 Balance
at 31-Mar
2020
Income
Expenditure
Realised
and
Unrealised
Gains
Balance
at 31-Mar
2021
£'000
£'000
£'000
£'000
£'000
165
156
(37)
0
284
165
156
(37)
0
**284 **
671
0
(55)
0
616
17
0
(1)
0
16
235
0(0)
0
235
923
0
(56)
0
**867 **
49
0
0
0
49
49
0
0
0
49
1,137
156
(93)
0
1,200

Oliver Zangwill Centre (Restricted fund 1)

The Oliver Zangwill Centre is a specialist assessment and rehabilitation centre for people with acquired brain injury, based in Ely. The centre provides high quality, evidence-based, neuropsychological assessment and rehabilitation to adults with an acquired brain injury.

North Cambs Hospital (Restricted fund 2)

North Cambs Hospital is based in Wisbech and provides a wide range of services, including inpatient rehabilitation, minor treatment centre, specialist palliative care and outpatient services. The fund supports the various wards and departments at the hospital.

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

19

Cambridgeshire Community Services NHS Trust Charitable Funds

NOTES TO THE FINANCIAL STATEMENTS

12 Investment Income

Bank Interest
Totals		 Unrestricted
Restricted
Endowment
Total
20/21
£'000
19/20
£'000
20/21
£'000
19/20
£'000
20/21
£'000
19/20
£'000
20/21
£'000
19/20
£'000
0
7
0
0
0
0
0
7
0
7
0
0
0
0
0
7

13 Reconciliation of net income/ (expenditure) to net cash flow from operating activities

Net movement in funds
Deduct interest income shown in investing
activities
(Increase) / Decrease in debtors
Increase / (Decrease) in creditors
Loss / (Gain) on investments
Transfers		 2021
2020
£'000
£'000
63
(162)

0
(7)
0
3
93
(9)
0
0
0
120
156
(55)

Financial Statements of the Cambridgeshire Community Services NHS Trust Charitable Funds Year to 31 March 2021

20

Annual Report and Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Charity Number: 1108920-2

Year to 31 March 2021

Registered Office: Unit 7 & 8, Meadow Lane, St Ives PE27 4LG

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 1

Huntingdonshire Children’s Charity (Dreamdrops)

Trustee's Annual Report

The Trustee presents its financial statements for the year ended 31 March 2021, which have been examined under section 145 of the Charities Act 2011.

Charity Registration

Huntingdonshire Children’s Charity (also known as Dreamdrops) was established on 1st April 2005 by the Board of Huntingdonshire Primary Care Trust to raise funds for charitable purposes relating to the National Health Service in Huntingdonshire wholly or mainly for children’s services. (The term ‘Huntingdonshire’ refers to the area currently covered by Huntingdonshire District Council in 2016).

The charity was established by the Board to raise money in order to provide all the ‘extras’ that are not covered by NHS public funds but which make a hospital stay more comfortable for children and their families. The charity’s work does not just stop at the hospital door, as funds are also used to help sick children who are being nursed in the community.

On 1st April 2014, Huntingdonshire Children’s Charity was taken under the umbrella of Cambridgeshire Community Services NHS Trust who became the Trustee, using a Model Declaration of Trust for an NHS General Purpose Charity.

The principal address of the charity is: Trust Headquarters, Unit 7 & 8, Meadow Lane, St Ives, PE27 4LG.

Structure, Governance and Management

The charitable trust constituted by Statutory Instrument is administered and managed by the Trustee of the Charity which is the Cambridgeshire Community Services NHS Trust. The overall responsibility, therefore, rests collectively with the Board. The Board consists of a Chairman and four other Non Executive Directors who are each appointed by the Appointments Commission, together with a Chief Executive and four other Executive Directors.

The Board members of Cambridgeshire Community Services NHS Trust, as the legal Trustee, are accountable to The Charity Commission and must comply with all the legal requirements that that entails.

The Board of Cambridgeshire Community Services NHS Trust has delegated some of its powers down to the Cambridgeshire Community Services NHS Trust Charitable Funds Committee who are tasked with overseeing all the charitable funds under the control of Cambridgeshire Community Services NHS Trust.

Huntingdonshire Children’s Charity Fund-raising Committee (known locally as Dreamdrops Fundraising Committee, and referred to as such from hereon) raise funds on behalf of Huntingdonshire Children’s Charity in order to provide ‘extras’ that are not covered by NHS public funds but which make a hospital stay more comfortable for children and their families. The charity’s work does not just stop at the hospital door, as funds are also used to help sick children who are being nursed in the community too.

Directors during the financial year ended the 31 March 2021 and at the date the financial statements were approved were as follows:

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 2

Huntingdonshire Children’s Charity (Dreamdrops)

Trustee's Annual Report

Name Title Changes during 2020/21
Mary Elford Chair
Dr Anne McConville Non-Executive Director
Geoff Lambert Non-Executive Director
Oliver Judges Non-Executive Director
Anna Gill Non-Executive Director
Gary Tubb Non-Executive Director
Judith Glashen Associate Non-Executive Director
Fazilet Hadi Non-Executive Director
Matthew Winn Chief Executive Seconded from 11/01/2021 to
31/03/2021
Dr David Vickers Medical Director
Mark Robbins Director of Finance and Resources
Anita Pisani Deputy Chief Executive & Director of
Workforce and Service Re-Design		 Chief Executive from 11/01/2021 to
31/03/2021
Julia Curtis Chief Nurse Resigned 16/10/2020
Kate Howard Chief Nurse Effective 19/10/2020
Rachel Hawkins Director of Governance Deputy Chief Executive from
11/01/2021to 31/03/2021
Anne Foley Director for Workforce, Business
Development &Transitions		 Effective from 11/01/2021 to
31/03/2021

The Membership of the Charitable Funds Committee during the financial year ended the 31 March 2021 and at the date the financial statements were approved were as follows:

Name Title Changes during 2020/21
Mary Elford Chair
Dr Anne McConville Non-Executive Director
Geoff Lambert Non-Executive Director
Oliver Judges Non-Executive Director
Anna Gill Non-Executive Director
Gary Tubb Non-Executive Director
Judith Glashen Associate Non-Executive Director
Fazilet Hadi Non-Executive Director
Matthew Winn Chief Executive Seconded from 11/01/2021 to
31/03/2021
Dr David Vickers Medical Director
Mark Robbins Director of Finance and Resources
Anita Pisani Deputy Chief Executive & Director of
Workforce and Transformation		 Chief Executive from 11/01/2021 to
31/03/2021
Julia Curtis Chief Nurse Resigned 16/10/2020
Kate Howard Chief Nurse Effective 19/10/2020
Rachel Hawkins Director of Governance Deputy Chief Executive from
11/01/2021 to 31/03/2021
Karen Mason Head ofCommunications

The Charity has policies and procedures in place for the induction and training of the Board. This induction includes an introduction to the objectives, scope and policies of the charitable funds, Charity Commission information on Trustee Responsibilities and copies of the previous year's financial statements.

The Charity has identified and examined all major risks to which it is exposed and systems have been established to mitigate these risks. The area of significant risk to the Charity is that of the investment of surplus funds due to fluctuations in the stock market.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 3

Huntingdonshire Children’s Charity (Dreamdrops)

Trustee's Annual Report

Linked Charity

The following linked charity is registered with the Charity Commission:

Cambridgeshire Community Services NHS Trust Charitable Funds

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021

4

Huntingdonshire Children’s Charity (Dreamdrops)

Trustee's Annual Report

Advisers

The names and addresses of principal advisors are as follows:

The Cambridge Building Society 2 Station Road St Ives PE27 5BH

Mills & Reeve, Solicitors LLP 112 Hills Road Cambridge CB2 1PH

and the independent examiner is:

Objectives and Activities

The objective of the Huntingdonshire Children’s Charity (Dreamdrops) is for the Trustee to hold the funds upon trust to apply the income, and at its discretion, so far as may be permissible, the capital, for any charitable purpose or purposes relating to the National Health Service. The main policy followed is that the majority of the expenditure is incurred for the support and improvement of patient services and to provide further comforts for patients which cannot be afforded through public funding.

Statement on Public Benefit

The objectives and activities, and achievement and performance sections of this report clearly set out the activities which the charity undertakes for the public benefit. The Trustees confirm that they have complied with the duty in section 17 (5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the charity.

Achievements and Performance

Huntingdonshire Children’s Charity (Dreamdrops) continued raising money to buy all those little (and large) extras that are not covered by NHS public funds but which make a hospital stay more comfortable - or less stressful - for children and their families. During the year, with the positive impact both the blood vessel equipment and the pain distraction unit has had, the charity used funds to purchase additional units of each.

Financial Review

Total incoming resources for the year totalled £46,629 compared with £46,427 for the previous year, of which 69% was from voluntary income, 0% from activities for generating funds and 31% from investment income. There is an overall increase in income of £202 from 2019/20. In 2020/21, the expenditure was £30,517 (2019/20: £21,780) of which £30,517 (2019/20: £21,780) was expenditure from unrestricted funds and £0 (2019/20: £0) was expenditure from restricted funds. There is an overall increase in expenditure of £8,737 from 2019/20.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 5

Huntingdonshire Children’s Charity (Dreamdrops)

Trustee's Annual Report

Investment Policy

The aim of the Investment Policy is to give clear guidelines to the Trustee in the managing of the Charity's funds and to ensure proper and timely monitoring and review of investment performance. The objectives of the Investment Policy are to:

Reserves Policy

The Trustee has a duty to manage the cash reserves of the Charity efficiently. This requires keeping cash held at the bank to a minimum and investing prudently. Charity reserves, as defined by the Charity Commission, are ‘funds freely available for its general purpose’ and this definition excludes investment assets.

The Trustee of the Charity is under a general legal duty to ‘apply’ (in practice this means ‘expend’) and not accumulate income. Charity Commission guidance on this issue determines that the income of a charity should be applied to specified purposes within a ‘reasonable period of receipt’ (currently 6 months to 2 years). Levels of future income flows are never guaranteed and it is prudent to retain reserves that enable the Charity to continue to meet its regular commitments. Income may be retained beyond this ‘reasonable period’ if, in the considered opinion of the trustee, it is implementing an action necessary for the Charity to function properly i.e. the holding of specified income reserve balances.

Investment assets are shown on the balance sheet at market value. Subject to the above it is the intention that the Charity will spend available funds generally over a 2 year period, but with a maximum of 3 years and the Trustee will ensure that resources are maintained in a fashion that achieves this objective.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 6

Huntingdonshire Children’s Charity (Dreamdrops)

Trustee's Annual Report

At 31 March 2021 unrestricted income funds totalled £43,719 (2019/20: £46,277) and restricted income funds totalled £2,910 (2019/20: £150) (see note 10). The unrestricted and restricted funds will be mainly used to support and improve patient services and also to provide further comforts for patients that cannot be afforded through public funding.

Relationship with Related Parties/External Bodies

The Cambridgeshire Community Services NHS Trust Charitable Funds works closely with its related NHS organisation, who is Cambridgeshire Community Services NHS Trust.

The majority of its grants are provided to its related NHS organisations and to individuals within these organisations. Staff within these organisations identify and advise the Cambridgeshire Community Services NHS Trust Charitable Funds on local priorities and assist the corporate Trustee in monitoring the use of the charitable funds.

The Cambridgeshire Community Services NHS Trust Charitable Funds maintains close links with staff and patients within the related organisations and their hospitals and community. The strong relationship with members of staff is particularly valued and enables the charitable funds to be directed to ensure an effective contribution is made in support of these organisations.

Close links are also maintained with individual hospital voluntary organisations.

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 Trustee is satisfied that systems are in place to mitigate exposure to identified risks.

Plans for Future Periods

The Charity will continue to follow the main policy that the majority of expenditure is incurred for the support and improvement of patient services and to provide further comforts for patients which cannot be afforded through public funding.

Approved by the Trustee on and signed on behalf by

Chief Executive Matthew Winn Director of Finance and Resources Mark Robbins

…………………………………………

…………………………………………

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 7

Huntingdonshire Children’s Charity (Dreamdrops)

Statement of Trustee's Responsibilities

The Trustee is responsible for:

The Trustee is required under the Charities Act 2011 and the National Health Service Act 2006 to prepare accounts for each financial year. The Secretary of State, with the approval of the Treasury, directs that these accounts give a true and fair view of the financial position of the funds held on trust, in accordance with the Charities Act 2011. In preparing those accounts, the Trustee is required to:

The Trustee confirms that it has met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out on pages 11 to 21 attached have been compiled from and are in accordance with the financial records maintained by the Trustee.

The financial statements on pages 10 to 21 were approved by the trustee on and signed on its behalf by

Chief Executive Matthew Winn …………………………………………

Director of Finance and Resources Mark Robbins …………………………………………

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 8

Huntingdonshire Children’s Charity (Dreamdrops)

Foreword to the Financial Statements

The Charity’s financial statements for the year ended 31 March 2021 have been prepared by the Trustee in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 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 published on 16 July 2014.

The Cambridgeshire Community Services NHS Trust Charitable Funds is registered with the Charity Commission (registration number 1108920-2).

The main purpose of the charitable funds held on trust is to apply income for any charitable purposes relating to the National Health Service wholly or mainly for the services provided by the Cambridgeshire Community Services NHS Trust.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 9

Huntingdonshire Children’s Charity (Dreamdrops)

Statement of Financial Activities for the year ending 31 March 2021

Note
Income and endowments from:
Voluntary income
2
Activities for generating funds
2
Investment income
11
Total income
Expenditure on:
Costs of generating voluntary income
3
Charitable Activities
3
Total Expenditure
Net Income/(expenditure) and net
movement in funds before gains on
investments
Net gains on investments
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2020/21
2020/21
2020/21
2019/20
£000
£000
£000
£000
29
3
32
29
0
0
0
0
14
0
14
17
43
3
46
46
(6)
0
(6)
(11)
(24)
0
(24)
(11)
(30)
0
(30)
(22)
13
3
16
24
0
0
0
0
13
3
16
24
526
35
559
535
539
37
575
559

All amounts are generated from continuing activities.

The notes on pages 13 to 20 form part of these financial statements.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 10

Huntingdonshire Children’s Charity (Dreamdrops)

Statement of Cash Flows for the year ending 31 March 2021

Note
Fixed Assets
Investments
4
Total Investments
Current Assets
Cash at bank and in hand
6
Total current assets
Liabilities
Creditors falling due
within one year
7
Net Current Assets
Total Net Assets
8
The Funds of the Charity:
10
Unrestricted funds
Restricted funds
Total Charity Funds		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2020/21
2020/21
2020/21
2019/20
£000
£000
£000
£000
356
0
356
356
356
0
356
356
208
37
245
221
208
37
245
221
(20)
(0)
(20)
(16)
188
37
225
205
543
37
581
561
539
0
539
526
0
38
38
35
539
38
577
561

Approved by the Trustee on and signed on behalf by

Chief Executive Matthew Winn ………………………………………… Director of Finance and Resources Mark Robbins …………………………………………

The notes on pages 13 to 20 form part of these financial statements.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 11

Huntingdonshire Children’s Charity (Dreamdrops)

Statement of Cash Flows for the year ending 31 March 2021

Note
Net cash used in operating activities
10
Cash flows from investing activities:
Interest and dividends
Purchase of investment property
Net cash provided by investing activities

Cash flows from transfer of funds:
Net cash from transfer of funds
Change in cash and cash equivalents in the
year
Cash and cash equivalents at the beginning of
the year
Cash and cash equivalents at the end of the year 6		 Total
Total
Funds
Funds
2021
2020
£000
£000
25
34
0
1
0
0
0
1
0
0
0
0
25
35
221
186
246
221

The notes on pages 13 to 20 form part of these financial statements.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 12

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

1.1 Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements 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 (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015 and updated by Bulletin 1.

The trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charities ability to continue as a going concern. With respect to the next reporting period, 2021-22, the most significant areas of uncertainty that affect the carrying value of assets held by the Trust are the level of investment return and the performance of investment markets (see the investment policy and performance and risk management sections of the trustees’ annual report for more information).

1.2 Income

In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the funds or the amount actually realised. When gifts in kind are received, the basis of the valuation is disclosed in the annual report.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 13

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

c Legacies

Legacy gifts are recognised on a case by case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

1.3 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Resources expended on charitable activities comprise all the resources applied by the charity in undertaking its work to meet its charitable objectives and governance costs, as opposed to the cost of raising the funds to finance these activities. Charitable activities are all the resources expended by the Charity in the delivery of goods and services, including its programme and project work that is directed at the achievement of its charitable aims and objectives. Such costs include the direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken.

Grants are only made to related or third party NHS bodies and non-NHS bodies in furtherance of the charitable objects of the funds. A liability for such grants is recognised when approval has been given by the Trustee.

Governance costs include the costs of governance arrangements which relate to the general running of the Charity as opposed to the direct management functions inherent in generating funds, service delivery and programme or project work.

1.4 Investment fixed assets

1.5 Structure of funds

Where there is a legal restriction on the purposes to which a fund may be put, the fund is classified in the financial statements as a restricted fund. Other funds are classified as

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 14

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

unrestricted funds. Funds which are not legally restricted but which the Trustee has chosen to earmark for set purposes are classified as designated funds.

1.6 Realised and unrealised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or date of purchase if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or date of purchase if later).

1.7 Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.8 Cash at bank and in hand

Cash at bank and in hand are short-term, highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of changes in value.

1.9 Value Added Tax

Most of the activities of the Charity are outside the scope of VAT and, in general, output tax does not apply and input tax on purchases is not recoverable. Irrecoverable VAT is charged to the relevant expenditure category or included in the capitalised purchase cost of fixed assets. Where output tax is charged or input VAT is recoverable, the amounts are stated net of VAT.

1.10 Allocation of support and governance costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. Support costs comprise the costs involved in the administration of the charity. They are apportioned on the basis of the average monthly fund balances.

1.11 Charitable activities

Costs of charitable activities include grants made, governance costs and an apportionment of support costs.

1.12 Judgements and Key sources of estimation uncertainty

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 15

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

2 Income

Voluntary
income
Activities for
generating
funds
Investment
income
Totals		 Unrestricted
Restricted
Total
20/21
19/20
20/21
19/20
20/21
19/20
£000
£000
£000
£000
£000
£000
29
29
3
0
32
29
0
0
0
0
0
0
14
17
0
0
14
17
43
46
3
0
46
46

3 Charitable activities

Unrestricted Unrestricted Restricted Restricted Total Total
20/21 19/20 20/21 19/20 20/21 19/20
£'000 £000 £'000 £000 £'000 £000
Costs of generating voluntary 6 11
0		 0 6 11
income
Charitable activities 24 11
0		 0 24 11
Totals 30 22
0		 0 30 22
4
Fixed asset investments
Property Fund
Darwood The Total Total
Court Chestnuts 2020/21
2019/20
£'000 £’000 £'000 £'000
Market value 1 April 2020 125 231 356 356
Purchase of investments at
cost		 0 0 0 0
Donation of physical assets
(non-cash)		 0 0 0 0
Sale of investments at cost 0 0 0 0
Realised gain/(loss) 0 0 0 0

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 16

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

Net unrealised gain
Market value 31 March 2021
Historical cost as at 31 March
2021		 0
0
0
0
125
231
0
0
125
231
0
0

The charity was donated a property, which is held for rental income.

The charity is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investment.

5 Analysis of support and governance costs

Administrator of the Charity
Pay Costs
Independent Examination
Fee		 2020/21
2019/20 Basis of allocation
£'000
£'000
3
3 Proportion of opening balance total
0
0
3
3

6 Cash at Bank and in Hand

Cash at bank and in Hand 2020/21
2019/20
£'000
£'000

246
221
246
221

7 Creditors: amounts falling due within one year

Other creditors 2020/21
2019/20
£'000
£'000
25
16
25
16

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 17

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

8 Analysis of net assets between funds

Investments
Current assets
Current liabilities		 Unrestricted
Restricted
Total
Total
Funds
Funds
2020/21
2019/20
£’000
£’000
£'000
£'000
356
0
0
356
208
38
0
221
(25)
(0)
(0)
(16)
539
38
577
561

9 Related party transactions

The Cambridgeshire Community Services NHS Trust Charitable Funds works closely with its related NHS organisation. The related NHS organisation is Cambridgeshire Community Services NHS Trust.

During the year, certain members of the Charitable Funds Investment Panel, which is empowered by the Trustee to act on its behalf in the day-to-day administration of all Funds Held on Trust, were also members of the above organisations.

During the year, the Charity had a number of material transactions with these organisations in furtherance of the objectives of the charity totalling £16,115 (2019/20: £4,454), which includes administration charges. Other than these payments there have been no transactions between the Charity and the listed NHS bodies.

Board Members of the Cambridgeshire Community Services NHS Trust, the Corporate Trustee and members of the Charitable Funds Investment Panel ensure that the business of the charity is dealt with separately from the associated Exchequer Funds for which they are also responsible.

Declarations of personal interest are made where appropriate, and these declarations pertaining to the Funds Held on Trust are available for public inspection by application through the Trust Secretary of the Cambridgeshire Community Services NHS Trust.

The Corporate Trustee did not pay expenses to any member of the Cambridgeshire Community Services NHS Trust Board of Directors’ nor to any member of the Charitable Funds Investment Panel and members did not receive any honoraria or emoluments from charitable funds in the year (2021: Nil).

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 18

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

10 Outline Summary of fund movements

Unrestricted Funds:
Cambridgeshire Community
Services NHS Trust
Total Unrestricted Funds
Restricted Funds:
Holly Ward
Special Care Baby Unit (SCBU)
The Laurels
Children’s Community Services
Children with Sever Needs- Meera
Raithatha
Total Restricted Funds
TOTAL FUNDS		 Balance
at 31-Mar
2020
Income
Expenditure
Realised
and
Unrealised
Gains
Balance at
31-Mar
2021
£'000
£'000
£'000
£'000
£'000
526
44
(30)
0
539
526
44
(30)
0
539
23
1
0
0
24
11
2
0
0
13
0
0
0
0
0
(5)
0
0
0
(5)
5
0
0
0
5
34
3
0
0
**37 **
560
47
(30)
0
576

Cambridgeshire Community Services NHS Trust (Unrestricted fund)

Funds can be used for the support and improvement of patient services and to provide further comforts for patients which cannot be afforded through public funding in Huntingdonshire wholly or mainly for children’s services.

Holly Ward (Restricted fund 1)

Funds can only be spent directly on activities benefiting the Holly Ward. Holly Ward delivers elective (planned) and non-elective (emergency) care to infants, children and young people up to the age of 17 years. The Unit has 12 beds plus 1 high dependency bed, six day case beds and up to six assessment beds

Special Care Baby Unit (SCBU) (Restricted fund 2)

Funds can only be spent directly on activities benefiting Special Care Baby Unit. SCBU consists of 10 cots, including one for babies requiring intensive care, one for babies needing high dependency care and up to 8 special care cots. The unit is staffed by doctors and nurses with specialist skills and experience in looking after premature and sick babies.

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 19

Huntingdonshire Children’s Charity (Dreamdrops)

NOTES TO THE FINANCIAL STATEMENTS

The Laurels (Restricted fund 3)

Funds can only be spent directly on activities benefiting the Laurels Respite Care facility.

Children’s Community Services (Restricted fund 4)

Funds can only be spent directly on activities benefiting the Children's Community Services

Children with Severe Needs- Meera Raithatha (Restricted fund 5)

Funds can only be spent directly on activities benefiting Children with Severe Needs - Meera Raithatha.

11 Investment Income

Unrestricted Unrestricted Restricted Restricted Total Total
20/21 19/20 20/21 19/20 20/21 19/20
£'000 £000 £'000 £000 £'000 £000
Building Society interest 0 1 0 0 0 1
Investment Property Rental 14 16 0 0 14 16
Totals 14 17 0 0 14 17

Totals

12 Reconciliation of net income/ (expenditure) to net cash flow from operating activities

2021 2020
£'000 £'000
Net movement in funds 16 25
Deduct interest income shown in investing
activities		 0 (1)
Deduct donated investment property 0 0
(Increase) in debtors 0 0
Increase/(Decrease) in creditors 9 9
(Gain) on investments 0 0
Transfer 0 0
25 33

Financial Statements of the Huntingdonshire Children’s Charity (Dreamdrops) Year to 31 March 2021 20