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2021-03-31-accounts

Annual Report & Accounts 2020 – 2021

University Hospitals Coventry and Warwickshire Charity Registered Company Number: 09981080 Registered Charity Number: 1165393

Contents

Advisors 2
Chairman’s Report 3
Trustees’ and Charity Director’s Report 4
Review of the Year 7
NHS Charities Together Funding 8
How You Made Things Better for our Staff, Patients and their Families 9
Coventry and Warwickshire Partnership Trust 13
Fundraising in 2020 – 2021 14
Financial Review 17
Structure, Governance and Management 19
Board of Trustees 23
Trustees’ Responsibilities in the Preparation of Financial Statements 24
Independent Auditor’s Report 25
Statement of Financial Activities for the year ending 31 March 2021 29
Balance Sheet as at 31 March 2021 30
Statement of Cash Flows for the year ending 31 March 2021 31
Notes to the financial statements for the year ending 31 March 2021 32

Advisors

Bankers

Lloyds TSB PLC High Street Coventry

Independent External Auditors Crowe U.K. LLP Black Country House Rounds Green Road Oldbury B69 2DG

Investment Advisers

CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ

Legal Advisors

Neate & Pugh Solicitors Ltd Ground Floor, 11 Emmanuel Court Reddicroft, Sutton Coldfield B73 6AZ

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Chairman’s Report

At the time of writing, the pandemic restrictions are being lifted but the threat of an increase in widespread infection rates still exists, so we continue to operate within constraints.

Our major events plans are uncertain; however we are determined to continue to work with our supporters in whatever way we can to deliver benefits to the organisations and the people that we serve.

The financial year started one week after the lockdown began, therefore we were unable to carry out our normal fundraising activities.

However, we are delighted to report that following the national support for NHS Charities Together we were able to benefit from their subsequent grants programme for member charities.

In addition, on 8[th] December the memorable event of Margaret Keenan being the first person in the world to be vaccinated at University Hospital whilst wearing our own University Hospitals Coventry and Warwickshire Charity “Penguino” Christmas t- shirt, enabled us to achieve an unprecedented level of publicity across the globe.

This enabled us to finish the year strongly in terms of income and Charity profile.

Andrew Meehan Chair of Trustees 28[th] July 2021

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Trustees’ and Charity Director’s Report Charitable Purpose and Public Benefit

University Hospitals Coventry and Warwickshire (UHCW) Charity, registered charity number 1165393 is the official charity of University Hospitals Coventry and Warwickshire (UHCW) NHS Trust and Coventry and Warwickshire Partnership Trust (CWPT).

UHCW Charity exists for the benefit of patients at UHCW and CWPT and provides funding for support that is over and above that provided by core NHS funding.

The Charity’s income comes from fundraising, donations, charitable grants, legacies and sponsorship. The Trustees oversee charitable expenditure to ensure that funding is for the clear benefit of patients and their families, as well as for the staff of the two organisations.

Under the Charities Act 2011, charities are required to demonstrate that their aims are for the public benefit. The two key principles which must be met in this context are first, that there must be an identifiable benefit or benefits; and secondly, that the benefit must be to the public, or a section of the public.

Charity Trustees must ensure that they carry out their charity’s aims for the public benefit, must have regard to the Charity Commission’s guidance, and must report on public benefit in their Annual Report.

The Trustees of UHCW Charity regularly monitor and review the success of the Charity in meeting its key objectives of benefiting patients at UHCW NHS Trust and CWPT. The Trustees confirm, in the light of the guidance, that these aims fully meet the public benefit test and that all the activities of the Charity are undertaken in pursuit of its aims.

Compliance

The Charity complies with the General Data Protection Regulation (GDPR) and in addition, can assure our supporters that;

UHCW Charity is registered with the Fundraising Regulator and complies with the Fundraising Code of Practice.

UHCW Charity is a member of the Institute of Fundraising (IoF). The Charity Director holds MInstF status with the Institute and has been an Associate Consultant with the IoF for over 10 years.

The Charity is a member of NHS Charities Together.

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Our performance

The Trustees reviewed the Charity’s performance against the following strategic statements;

  1. We will create sustainable income growth by increasing the number and value of donations

  2. Income increased by 99% to £1,344,000 in 2020-2021

  3. We will provide grants for equipment and facilities etc. that ensure patients receive the very best healthcare and that their families are supported

  4. £619,319 was given in grants to improve patient and family care

  5. We will operate exemplary standards of governance and be open and transparent at all times

  6. The Charity is registered with the Fundraising Regulator

  7. We will recruit, develop, manage and retain the right people for the Charity

  8. There has been some staff turnover this year but we now have a settled team in place

  9. We will be a highly recognised local charity that motivates and supports its people and stakeholders through effective and regular communications

  10. We had unprecedented international media coverage, following the first ever Covid-19 vaccine recipient, Margaret Keenan, wearing our UHCW Charity Christmas Penguino t-shirt

  11. We now post regular stories on social media and send out regular press releases on our work. Ordinarily our supporters would hold community events that raise funds but would also increase local awareness of our activities

  12. We will generate positive support for the Charity across our two NHS Trusts

  13. CWPT now employ a part-time Charity fundraiser, to promote the Charity throughout the Trust and work with the UHCW Charity team to raise funds

  14. The Charity team has worked with the UHCW NHS Trust Chief Executive and key departments throughout the pandemic, which has enhanced the standing of the Charity internally and externally

Plans for 2021-2022

We will continue to raise funds and support patients and staff affected by the pandemic, with potential plans under discussion, for;

Staff Wellbeing

In addition to the £130,000 approved for staff wellbeing throughout UHCW NHS Trust, plans for over £200,000 for improvements to staff rest rooms across the Trust are under discussion.

Improvements to External Areas

Plans for improvements costing approximately £100,000 to external areas for UHCW NHS Trust staff and patients are being considered during the year.

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Redevelopment of the Women’s and Children’s Entrance at University Hospital Coventry New designs for the external and internal areas at the entrance to this area costing £150,000 are being considered for this year.

Surgical Robot

The Charity funded the UHCW NHS Trust’s current surgical robot in 2014, but a newer, more technically advanced model in now required, costing approximately £1,400,000

We need your support

We are seeking support from businesses, trusts, individuals and the community to raise funds for our appeals.

If you would like to learn more about our ambitious plans to support University Hospitals Coventry and Warwickshire NHS Trust and Coventry and Warwickshire Partnership Trust, and how you can play a part, please contact University Hospitals Coventry and Warwickshire Charity at: uhcwcharity@uhcw.nhs.uk You can also visit our website at: uhcwcharity.org

Alternatively, you can contact Jo O’Sullivan, on 02476 966913 or jo.osullivan@uhcw.nhs.uk , or by writing to:

Jo O’Sullivan, Charity Director, University Hospital Coventry and Warwickshire Charity, Main Reception, University Hospital, Clifford Bridge Road, Coventry CV2 2DX

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Review of the Year

University Hospitals Coventry and Warwickshire Charity raises and distributes funds for University Hospital, Coventry, the Hospital of St Cross, Rugby and the Coventry and Warwickshire Partnership Trust.

The Charity exists to make things better for our staff, our patients and their families, by funding key areas across the Trusts, including;

UHCW Charity Year at a Glance

Over the course of 2020-2021, the Charity raised a total of £1,344,000, an increase in total income of 99% on the previous year. This increase is predominantly as a result of successful grant applications to NHS Charities Together totalling £757,000 as well as our own NHS Superheroes Campaign.

The support of generous businesses, individuals, groups and charitable organisations locally, regionally and nationally, has enabled us to support University Hospitals Coventry and Warwickshire NHS Trust and Coventry and Warwickshire Partnership Trust throughout this most difficult of years. Donations have been received from individuals including legacies and in memoriam, from community groups and online fundraising events, charitable trusts and foundations, and from key corporate supporters.

Income generation and expenditure

The Charity’s sources of income are from charitable donations, legacies and investment income. During 2020-2021, the Charity’s income of £ 1,344,000 comprised:

Grants Awarded

Over the course of 2020-2021, UHCW Charity awarded £619,319 in charitable grants split between the University Hospitals Coventry and Warwickshire NHS Trust (£570,472) and the Coventry and Warwickshire Partnership NHS Trust (£48,847).

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How the £757,000 NHS Charities Together Funding is being used UHCW NHS Trust £386,000, CWPT £116,000, HCP £213,000

BAME Bereavement Project £50,000 UHCW NHS Trust

Members of our BAME community who contracted Covid-19 have suffered a much higher level of mortality than that of the general population. Moreover the restrictions on visiting relatives in hospital and on access to the bereaved have had major cultural ramifications and this project looks into how our practices and support for the bereaved can be improved for this community, particularly in light of the pandemic

Rev. John Montipano, who leads the BAME Research Project

Trim Training £17,000 UHCW NHS Trust

This year has taken its toll on our staff across both hospital sites. Trauma Risk Management TRiM) enables colleagues and peers to be trained in trauma and how to respond to it so that they can support each other.

“This training reduces the long term impact of traumatic incidents on staff, which is not only good for them but also important for patients as it keeps staff healthy and at work so that they can continue to deliver quality, timely care to patients” – Dr Wendy Hartridge, Clinical Psychologist

Heather Tysall, Acute Nurse Practitioner

Community Connections Project £213,000 for HCP

UHCW Charity is the lead charity across the Health and Care Partnership for the NHS Charities Together Stage 2 Funding to help communities affected by Covid-19.

The project works with the NHS Trusts and VCSE partners across Coventry and Warwickshire focussing on the mental health impact of the pandemic on our community, particularly our student population of over 60,000 across both universities

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How You Made Things Better for our Staff

As staff across the Trust worked long hours to cope with the peaks of patient numbers during the pandemic, the Charity delivered over 2,000 Care Boxes with CEO Prof. Andy Hardy to give them a much-needed boost

Thanks to our supporters NHS Charities Together, Lindt, DHL, Beiersdorf UK Ltd and Unilever over Christmas we delivered gifts to staff across both hospital sites 13,000 travel mugs, 13,200 hand creams, 14,040 tubs of Nivea moisturiser and 13,000 Lindt advent calendars

Trustees Nina Morgan, Chief Nursing Officer and Mark Easter, Director of Pharmacy with some Christmas gifts for staff

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How You Made Things Better for our Patients

20 Comfortable Chemotherapy Chairs £48,380

Our fantastic Arden’s Angels founder, Tracie Mills, has raised over £50,000 for our cancer services since 2018. £20,000 has been used towards new chemotherapy chairs, which Tracie has been trying out whilst having palliative chemotherapy sessions. Tracie is determined to raise £100,000 for our cancer services in Coventry and Rugby with her team of Arden’s Angels supporters

Ocular Response Analyser £22,490

This specialist piece of equipment benefits patients coming for assessment for cataract surgery at St Cross and University Hospitals

The “Chill Out Room” for our Teenagers on Ward 14 £7,439 This 12 –bed unit for 13 to 16 year olds has benefitted from comfortable furniture and more modern furnishings to encourage teenagers to interact away from their bedsides

Sleep Study Equipment £24,975

Six sets of multichannel sleep disorder monitoring equipment has been funded, allowing an additional 120 patients per month to be assessed and treated

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How You Made Things Better for our Families

75 iPads across the Trust £25,973

This has been a difficult year for patients and their families. With no visitors allowed during the pandemic, patients have been missing their families and friends.

Using grant funding provided by NHS Charities Together, the Charity have funded 75 iPads across the Trust, which enabled Jean to propose to her long-term partner of over 20 years, Roger, a terminal cancer patient on ward 35 – he said “Yes!”

The Chaplains and staff pulled out all the stops on compassionate grounds so that they could marry, with our iPad enabling families and friends to watch the moving ceremony from home as Jean walked into the dayroom to Westlife’s “You raise me up”. Roger thanked everyone for making their “Magical” day possible.

Sadly, he passed away just a few days later.

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How You Made Things Better for our Babies and their Families

Tuscan Reclining Chairs for new mothers on the Neonatal Unit - £37,575 These specialist chairs provide comfort for newly delivered mothers, particularly those who are recovering from a caesarean section. They can easily be wheeled across the unit, enabling mothers to be close to their babies, encouraging skin-to-skin contact and improving milk volume for those expressing breast milk

Online visitor booking platform for Maternity Unit £23,280

This online booking system allows each ward/department to configure their visiting schedule, preventing a surge in visitors at any one time and supporting social distancing and maintaining infection control for our vulnerable young patients and their families

Neonatal Department V-Create System Licence £7,200

With parents restricted to only one on the unit at times during the pandemic and no visitors permitted, the V-Create system has enabled secure updates and videos of their babies on the Neonatal Unit to be seen by friends and family. Seeing their baby settled and

well-cared for minimises separation anxiety and helps the family’s emotional wellbeing. Parents are also able to create videos of key moments in their baby’s progress

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Coventry and Warwickshire Partnership NHS Trust

A total of £48,847 was awarded across the Coventry and Warwickshire Partnership NHS Trust, with the main focus on staff wellbeing.

This included £12,460 for the introduction of Schwartz Rounds across the Trust. This two year programme supports the psychological well-being of staff across the Trust. Staff are encouraged by trained facilitators to share emotional work experiences in a safe, confidential environment

Beechwood Ward benefitted from a full-size pool table, Ferndale Ward received an airhockey table and the Caludon Centre had a new garden bench for patients and staff to enjoy.

Brooklands’ Malvern Unit also held Country Festival parties for patients and Bradbury House improved the children’s soft-play area.

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----- Start of picture text -----
Fundraising in 2020-2021
As one of the largest acute NHS Trusts in the country, the start of this financial year found
University Hospitals Coventry and Warwickshire at the heart of the Covid-19 pandemic.
Our focus quickly became the support of our hospitals’ staff so that they could deliver the
best care possible to the hundreds of patients with Covid-19.
We delivered over 2000 “Superhero Care Boxes” to those wards and departments dealing
with Covid-19 patients alongside UHCW CEO Prof. Andy Hardy during this year
Prof. Andy Hardy
delivers a
Superhero Care
Box to Heather
Tysall
Consultant Nurse
Acute Medicine
Snacks and drinks
were given each
week by Nailcote
Hall and volunteer
Roger Ash helped
to pack and
deliver the boxes
to wards and
departments
The vast majority of the contents of these boxes were donated – our offices soon became
distribution and packing areas for the wide range of goods we received from business,
individuals and community groups.
----- End of picture text -----

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All external fundraising events by organised by the Charity and our supporters were cancelled or repeatedly postponed due to lockdown restrictions

Our Christmas Music event consisted of recorded carols and performances by schools and supporters, which we played in the main entrance of University Hospital Coventry.

Our annual Christmas T-Shirt event took on a whole new life across the globe, following Margaret Keenan wearing it for the world’s first Covid-19 vaccination on December 8[th] 2020. TV interviews with the Charity Director on BBC Breakfast and ITV boosted sales to over 5,000, with Charity staff working flat out to keep up with the huge international demand.

The cute penguin design was named “Penguino” and radio interviews with the Charity on his popularity were broadcast in Portugal and Belgium, as well as across Coventry and Warwickshire!

Christmas “Penguino” T-Shirt Day 2020

Support from UHCW Chief Officers

On the designated UHCW Christmas T-Shirt Day, 11[th] December 2020, staff across the hospitals wore our t-shirt in celebration of this historic first vaccination.

A further range of “Penguino” products is being manufactured with an international “Penguino Day” planned for 8[th] December 2021.

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Legacies and In Memory Giving

During the year, the Charity was fortunate to receive legacies totalling £67,000. These legacies have made a huge difference to our patients and their families.

A number of families and friends chose to remember a loved one by requesting donations, in their memory, often in place of funeral flowers. We are extremely grateful to be remembered especially at such a difficult time.

Trusts and Foundations

Over the course of 2020-2021, the Charity was most grateful to receive a total of £775,000 from Charitable Trusts and Foundations, the vast majority coming from NHS Charities Together (£756,990). Grants were awarded by the following:

Wallace and Gromit's Children's Foundation NHS Charities Together The Blakemore Foundation Roche Products Limited Norgine Foundation Persimmon Homes Central The Edward Cadbury Charitable Trust The Ada Parker Charitable Trust Mr Mahesh Modi Making a Difference Locally

If you would like to learn more about our plans to support University Hospitals Coventry and Warwickshire Hospital Trust and Coventry and Warwickshire Partnership Trust, and how you can become involve in fundraising, please contact University Hospital Coventry and Warwickshire Charity at uhcwcharity@uhcw.nhs.uk

You can also visit our website at www.uhcwcharity.org

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Financial Review

During the course of the year, the Charity:

The net movement in total Charity funds was an increase of £900,000 compared to the opening funds as at 1[st] April 2020 – giving a closing balance of £4,067,000 as at 31[st] March 2021.

The majority (86.8%) of the Charity’s funds are classified as unrestricted with a year-end value of £3,532,000 with the balance of £535,000 classified as restricted.

The Charity continues to hold the majority of its net assets in the form of investments in a common investment fund managed by CCLA with a value of £3,021,000 (74.3% of net assets) at 31[st] March 2021. The Charity also holds cash reserves of £1,665,000 but owes £655,000 to creditors (mainly for grants awarded but not paid over and other operating costs). The net cash available after meeting these creditors is £1,010,000 (24.8% of net assets).

The charts on the following page provide graphical representations of the Charity’s balance sheet as at 31[st] March 2021 and its income and expenditure for 2020/21.

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harity Charity Income 2020121 (£'ooo) 9(K) 8(M) 7(K) 6(M) 5(K) 4(M) 3(K) 2(K) l(K) Charity Balance Sheet as at 31 March 2021 (£'ooo) 3,IX)O 2.500 2.(X)O 1,500 i.o)o Charity Expenditure 2020121 {£'000) 5(K) 6(K) 5(K) 4(K) 3(K) 2(K) l(K) -500 -I,o(K)

Structure, Governance and Management

University Hospitals Coventry and Warwickshire Charity (the Charity) is an independent Charity, which exists to support University Hospitals Coventry and Warwickshire NHS Trust and Coventry and Warwickshire Partnership NHS Trust.

It is registered with the Charity Commission (registered Charity Number 1165393) and is also a company limited by guarantee (registered number 9981080).

and Warwickshire NHS Trust ensures that there is a shared understanding of how the Charity meets its charitable objects.

Board of Trustees

The Charity is governed by a board of trustees, a majority of which must be independent of the NHS Trusts which the Charity supports. The Board of UHCW NHS Trust has the right to nominate 4 Trustees to the Charity’s Board. Independent Trustees are recruited through an open and competitive recruitment process. Trustees serve for an initial period of three years, which may be renewed for further terms.

Charitable Objects

The objects and powers of the Charity are set out in the governing documents submitted to the Charity Commission. As the Charity for University Hospitals Coventry and Warwickshire NHS Trust and Coventry and Warwickshire Partnership Trust the Charity aims to make things better for patients, their families and the staff who treat them by providing grants to:

All of this is above that which is provided from statutory NHS budgets.

A Memorandum of Understanding and Deed of Understanding between the Charity and University Hospitals Coventry

Page 23 gives a list of current trustees.

The trustees also serve as directors of the Company limited by guarantee.

The Board meets quarterly and such other times as may be required to transact the business of the Charity

Staff

The day to day management of the Charity, governance, grant making and fundraising is delegated to the UHCW Charity Director, supported by the Charity team. The UHCW Charity Director provides regular reports to the Trustee Board and meets regularly with the Chairman.

The Charity staff are supported by three regular volunteers, who together donate an average of 16 hours a week. The volunteers assist with administration, and events.

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Financial responsibilities

The financial responsibilities of the Charity are managed by the Finance Department of University Hospitals Coventry and Warwickshire NHS Trust; including the preparation of month-end fund statements and year-end financial accounts; and quarterly reports to the Trustee Board on the performance of the investments portfolio and financial performance of the Charity. The cost of this service is re-charged to the Charity.

Fund structure

All donations received by the Charity are allocated to an appropriate restricted or unrestricted fund depending upon the donor’s wishes. Where there is an express wish of the donor that donations must only be used for a specific purpose, these are placed in a restricted fund. However, where the donor expresses a wish or a preference but without imposing any trust, the funds are placed in a designated fund for that purpose or where appropriate a general purposes fund. The Charity always seeks to spend designated funds on the purpose for which they were given but reserves the right to use them for alternative purposes if no suitable use is identified.

In addition to the funds related to the services provided by University Hospitals Coventry and Warwickshire NHS Trust, the Charity also manages all of the charitable funds that support Coventry and Warwickshire Partnership NHS Trust.

The funds are overseen by Fund Advisors. The majority of Fund Advisors are key clinicians in the two NHS organisations and are best able to advise the Trustee Board on how the donations can be most effectively spent.

Grant making policy

Any staff member can apply for a grant. All grant applications must be supported by a Fund Advisor. A grant request up to £5,000 requires the approval of the Charity Director. Between £5,000 - £19,999 the approval of the Charity Chairman is required and £20,000 and above, applicants are invited to present their case to a meeting of the Board, whose approval is required.

Reserves policy

The Charity’s unrestricted free reserves are held in readily available Bank accounts and Investment Funds managed by professional advisers. These funds are available to be spent on the charitable purposes of the Charity and are not regarded as part of the permanent capital of the organisation beyond the sum required to comply with this reserves policy.

As a grant-giving charity the organisation’s aim is that income received by the Charity should be spent effectively and promptly in accordance with the funds’ objectives. The Trustees aspire to giving grants to a value each year at least equal to the income received. The corollary of this is that should charitable income be reduced then there is sufficient cash in reserves to

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continue to award grants at the current rate for a considerable period of time.

Therefore, as a reserves policy, the Trustees aim to retain an amount equal to between one and two years of operating expenditure, which is predominantly staff salaries and related overheads, before the grant-giving potential is jeopardised. This is a sum of between £300,000 and £600,000. At the current time total unrestricted free reserves are significantly more than this requirement standing at £3,532,000 at 31 March 2021 and, as stated, are available to be awarded by way of charitable grants. The Charity held no endowment funds at the start of the year and nor did it receive or create any during the year.

Investment policy

The Board’s investment strategy is to maximise the level of investment income whilst at the same time maintaining (or increasing) the capital investment value of the underlying investments in real terms. Achieving an appropriate balance between these objectives requires subjective judgement and professional advice which is obtained from CCLA.

The Charity currently invests mainly in the Common Investment Fund (COIF) managed by CCLA Investment Management Limited.

The Board has also agreed an ethical investment policy which precludes investments in the direct processing and/or manufacture of tobacco products or armaments, as these are not

felt to be in accordance with the Charity’s purposes and objects.

The total value of the investment portfolio at 31 March 2021 is £3,021,000. Gross income from investments is used to help defray operating costs of the Charity. The Trustees receive quarterly reports on the performance of the investment portfolio and continue to review the investment strategy regularly to ensure that the available return is maximised.

Going concern

The Board of Trustees has reviewed UHCW Charity’s activities, financial position and risk management policy together with factors likely to affect future development, including the impact of economic uncertainty on voluntary income. The financial impact of coronavirus was central to these assessments. Our Trustees have concluded that, with agreed adjustments to our fundraising plans, which include incorporating social distancing measures and rescheduling or adapting fundraising events, and with ongoing financial

risk management, it is reasonable to expect UHCW Charity to have adequate resources to continue in operation for the foreseeable future. Accordingly, the going concern basis of accounting continues to be adopted in preparing the financial statements.

Audit

Crowe U.K. LLP have expressed their willingness to continue in office, and will be reappointed for the next financial year in accordance with section 487(2) of the

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Companies Act 2006 unless the company receives notice under section 488(1) of the Companies Act 2006 .

Risk statement

During the year, the Board reviews the major risks to which the Charity is exposed. Significant areas of risk for the Charity are falls in fundraising and investment income and high commitments in respect of expenditure. The current Covid-19 pandemic has impacted on fundraising income as events have been cancelled or postponed due to lockdown. The impact has been mitigated by the Charity launching an online fundraising appeal and by applying to grant making bodies, such as NHS Charities Together, for funding to address the impact of the pandemic throughout UHCW NHS Trust and the CWPT NHS Trust.

activities and that its conduct is strictly in accordance with its charitable objects, charitable law, and the requirements of the Charity Commission and the Fundraising Regulator.

Trustee Indemnity Insurance

The Charity purchased Trustee indemnity insurance during 2020/21 which provides cover up to £1million.

These risks are further mitigated by the Charity maintaining a varied investment portfolio which includes wider range investments, narrower range investments and bank deposits; having sufficient cash resources to meet its immediate commitments; only committing expenditure once resources are secured; and by having an active fundraising team to generate new additional resources in the current uncertain climate.

The Board is also aware that the Charity needs to safeguard its credibility as being beneficial to the local community and endeavours to ensure that the name of the Charity is not linked to any inappropriate fundraising or similar

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Trustees

A list of the trustees up to the date of signing is given below:

Andrew Meehan (Chairman) Chairman UHCW NHS/Trust, then Independent from

Nina Morgan Lincoln Dawkin Mark Easter Justine Richards Brenda Shiels Amrik Bhabra Adam Dent Nick Eastwood Karen Griffin Sonia Khera Jacqui Staunton

1[st] October 2019 Chief Nursing Officer UHCW Director of Estates, UHCW Clinical Group Director, UHCW (appointed 6[th] May 2020) Chief Strategy Officer, UHCW (appointed 28[th] July 2021) Non-Executive Director, UHCW (resigned 5[th] May 2021) Independent Independent Independent Independent (resigned 12[th] June 2020) Independent (appointed 29[th] July 2020) Independent

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Statement of Trustees’ Responsibilities in Respect of the Trustees’ Annual Report and the Financial Statements

Under charity law, the Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements for each financial year which show a true and fair view of the state of affairs of the Charity and the Charity’s excess of income over expenditure for that period. The Trustees have elected to prepare the financial statements in accordance with FRS 102 (the Financial Reporting Standard applicable in the UK and Republic of Ireland).

In preparing these financial statements, generally accepted accounting practice entails that the Trustees:

The Trustees are required to act in accordance with the trust deed of the Charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the Charity at that time, and to enable the Trustees to ensure that, where any statements of accounts are prepared by them under the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that Act. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the financial and other information included on the Charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Board of Trustees and signed on its behalf by:

Andrew Meehan Chair of Trustees 28[th] July 2021

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Independent Auditor’s Report to the Members of University Hospitals Coventry and Warwickshire Charity

Opinion

We have audited the financial statements of University Hospitals Coventry and Warwickshire Charity for the year ended 31 March 2021 which comprise the Statement of Financial Activities, Balance Sheet and Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial

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statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of our audit

Matters on which we are required to report by exception

In light of the knowledge and understanding of the charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 24 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going

26

concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

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

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011, together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were General Data Protection Regulation (GDPR), Employment legislation and Taxation legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of income and the override of controls by

27

management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of nondetection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Helen Drew, Senior Statutory Auditor

For and on behalf of Crowe U.K. LLP, Statutory Auditor Black Country House Rounds Green Road Oldbury West Midlands B69 2DG

Date: 19[th] October 2021

28

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2021

Note
Income from:
Donations and legacies
3
Other trading activities
4
Income from Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities:
8
Patient welfare and amenities
Staff welfare and amenities
Research
Total expenditure
Net income/(expenditure) before
gains/(losses) on investments
Unrealised net gains/(losses) on investments
15.1
Transfers between funds
21
Net income/(expenditure) movement in funds
Reconciliation of Funds
Total Funds brought forward at 1 April
22.1
Total Funds carried forward at 31 March		 Un-
restricted
Funds
Restricted
Funds
Total
Funds
Un-
restricted
Funds
Restricted
Funds
Total
Funds
£000
£000
£000
£000
£000
£000
604
581
1,185
497
25
522
70
0
70
64
0
64
89
0
89
88
0
88
2020/21
2019/20
763
581
1,344
649
25
674
(125)
0
(125)
(106)
0
(106)
(553)
(58)
(611)
(466)
(32)
(498)
(115)
(26)
(141)
(56)
0
(56)
(25)
0
(25)
0
0
0
(818)
(84)
(902)
(628)
(32)
(660)
(55)
497
442
21
(7)
14
458
0
458
(72)
0
(72)
1
(1)
0
3
(3)
0
404
496
900
(48)
(10)
(58)
3,128
39
3,167
3,176
49
3,225
3,532
535
4,067
3,128
39
3,167

The notes on pages 32 to 44 form part of this account.

University Hospitals Coventry and Warwickshire Charity Registered Company Number: 09981080

29

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Balance Sheet as at 31 March 2021

Note
Fixed Assets
Investments
15
Total Fixed Assets
Current Assets
Stocks
16
Debtors
17
Cash and cash equivalents
18
Total Current Assets
Creditors: Amounts falling due within one year
19
Total Current Liabilities
Net Current Assets / (Liabilities)
Total Assets less Current Liabilities
Net Assets
The Funds of the Charity:
Restricted income funds
22.2
Unrestricted income funds
22.3
Total Charity Funds		 Un-
restricted
Funds
Restricted
Funds
Total
Funds
Un-
restricted
Funds
Restricted
Funds
Total
Funds
£000
£000
£000
£000
£000
£000
3,021
0
3,021
2,563
0
2,563
As at 31 March 2021
As at 31 March 2020
3,021
0
3,021
2,563
0
2,563
12
0
12
0
0
0
24
0
24
24
0
24
1,124
541
1,665
1,149
69
1,218
1,160
541
1,701
1,173
69
1,242
(649)
(6)
(655)
(608)
(30)
(638)
(649)
(6)
(655)
(608)
(30)
(638)
511
535
1,046
565
39
604
3,532
535
4,067
3,128
39
3,167
3,532
535
4,067
3,128
39
3,167
535
535
39
39
3,532
3,532
3,128
3,128
3,532
535
4,067
3,128
39
3,167

The financial statements (and supporting notes to the statements) on pages 29 to 44 were approved by the Board of Trustees on 28th July 2021.

Signed:

Name: Andrew Meehan, Chair of Trustees

Date: 28th July 2021

University Hospitals Coventry and Warwickshire Charity Registered Company Number: 09981080

30

Charity UNIVERSITY ￿SPITALs Col￿NTRy AND WARWCKSHIRE CH4RITY stat￿￿ of Cash Nows for the year ended 31 Ma￿h 2021 Note Total 2020121 ÉOLN) Total 2019120 Cash flow5 wrating acti￿lIes. Net cash provided by (used in) opernting actiMtie5 358 Cash flO￿S frcn investing aCt￿t￿.. D￿lde￿5, Interests a￿1 rents fram investrYEnts 89 89 Ner cash provSded by (used In? Investlng a￿l￿￿e9 Change In cash and cash e(￿￿alents Inthe repO￿Thg ￿tIod 447 Cash and cash equlvalems ai the lglnnlNJ of the rewrtlng perfod 1,218 Cash and cash equlvalents at the end of the rep)rriTrg ￿rIOd

Charity LNIVERSITr WSPITALS COVEtrThRY WARWICKSHRE CHARITY Notes to the finan¢ki1 $tatemts fLY thè yè8r end￿ 31 March 2021 countiTrJ PolKi8s Charlty Inlorrntl)n Lhlverstty Wspttals Coventry end W8rwkkshlre Charlty Ilhe Charltyl 1$ a Charmy regl$lered In Erylar￿ and W41gs (Charrty nLmber 11$539314rd a ¢omp4ny lrniled by gujrartee. registw￿ In England & Wale5 Iccmpany nLThber 099810801. its reglstered offlce ￿ pNnclpal placa of Is iknlversmy Fbspttal, atrford BrI￿e Road, Covertry, CV2 2DX. It$ prknclpal actlthty & worklry to make thlrys better for pauents, th￿r fam11￿$ and staff who Ireal by prowdir£ fundiry for Import)rt eqvipment. pior68riry research and all the inportant extras that rnak85 tha cara $0 special. countiTrJ Convention al Basis of Prepwation Charity cor6lrtLrt85 a pthlK tÈr6fit entity as defined ty FRS 102. fknaKkg1 slalements have been prepared U￿er the hlstorle cost corrrfernion. wmhthe exception of investments w￿le￿ are presented at fair valL. f￿anC￿l slalements hove been prepared In 3ccordarKe with S¢alwngnt of Recommfjréo FreKlice.' A¢¢ountiry and Reporting by Charit￿9 prepariry their accounts in a¢cNd8nce with tha Fln8KI81 Rep￿tIry Standard app1kab￿ In UK and Reputlk of Ireland IFRS 1021 ￿sUed on 16 JLIY 2014, the Charltles Act 2011 and LK Genarally Accq)ted Practice as M aFpl￿8 from 1 January 2015. bl Going Coll￿rn IrLkStoes cor6ider that there are m rnalerial uncertairties tho Charity's gbilily lo continu8 as gciry ¢owem. In reaching this coNulslon. tha trusleas have spa¢ificalty considèred Impa¢l of tha COVID-19 Corona￿ruS wllh partlcuLqr reference to Impact on Inc￿e. grant r4uest$. expendlture cc¥hmttments Imainty staffing) and thè value of the CkÉrity's irweskneftt$. The trustees beI￿ve that the Charity has srfficEnt reserves to meet its rI)I￿allonS for al ￿ast lth mxt twdw month5. even wftth Yurtker ￿Comirg resources. Charrty has bènafitted from grants r￿e1v￿ Irom the Charr(￿8 Togathar durrg 202N21 Iwfth fUrt￿r SLThS expected In 20211L- $ee note 241. inve$lments have contlnued lo pro￿de good retur￿ and have IKreased In val￿. arKJ whlst there has t*en an Increase In grants requested, thls Is controllable by the C￿￿rItY 8nd will ￿lY be funded rf the CkÉrity $ufftient resources. Transfer ol Ass8ts trom Universrty HosrAtals Covgntry and Warwackshw8 NHS Trust Charrty In March 2014. the EEpartment of Health publisFEd a paper entIt￿d 'Re￿IEW of regUlat￿n and goverwr￿8 of charities" This prowded c￿eritIeS with option to transfer Ikeir assets to rew wholly indèpendènt ckorilies regulated SO￿lY by Ihg Ckorily Commission. LhIw￿lY Pbspllals Covantry and Wamlckshlre NHS Trust de¢Sded 1¢ convert Ils Ilnked charmy. Lhiverstty Wspttal$ Coventry 8nd WSrw￿k9h1re NHS Trust c￿￿rItY. lo independent statu$ by the creatlon of an entirety new organisat￿n.. the un￿ersitY H05pila& Coventry and Warwickshire Charity. It was agreed by a"D8e¢ of Uréerslarfing" that th? Unver5rty Wsprf(als Coventry and Warwi¢kshire WS Trust Charrty would Irar6f&r all of rts assets lard Iiabililiesl lo tha ikniversrty Pbsprtals Coventry a Warwlckshlre C￿￿rItY on 1st Ap￿1 2016. structure of Funds Where there Is a ￿gaI restrlclbn on the purwse for whlch a fu￿ may be Ltsed, furKJ Is clas$lfled In the flnanclal statements as a reslrkf￿ furKJ. t￿ c4rAl41 L5 to go￿rat¢ I￿Orne for charila￿e purp0595 Eanml rtself be 5POnt are acC￿rted as enth)wment funds. Ihe Charrty not have any suchlund5. 32

Charity LNIVER81Tr WSPITAL8 COVEMTRY AND WARWICKSHRE CHARI Notes to thèflnan¢l81 Stalen￿1$ f¢r the year end￿1 31 March 2021 IcontlnuJl other funds are classrfig¢ as unreslricled furé5 Include fund5 which are not iggaly re51ricled bi whlch Irwtee chosento earmark for $et purposes (de￿gnated fu￿8). rnajor fU￿S held as re51ricled are disclosed in note 22 2. and those that are unrestricted bLrt desigr￿￿ are shown in note 22 3. Tr Charity has rvJ e￿Owment funds Incomlng R•s￿￿re0$ al Genpral All Incomiry r8urce$ are Incl￿8￿ In full Inthe Statemert of A¢lpii1185 45 500n 45 the lolowiry three factors can be mel.. 51 entr(￿ment- ariyes a p3rtlcLlar res0￿¢8 ts recelvable or the Charf(y's rbht become8 gally enforcgable., 111 hbjh probablllty- when11 Is more Ilkely than mt Ih8t tha resource wlll be ra¢ePrfed'. IID measurement- w￿n Ihp monptary Wdlup of the irrorniry ￿sourceS can be rneaSLred with sLfff1c￿rn r4￿bilIty.. bl Lega￿e5 Lacv&s are accounted for a5 incorniry resourc8s elctrEr receipt orwhen receipt of the lepcy bomes probatle. racelpl of a ￿gaCY Is probabb w￿n.. The representatives of the eslale$ have confirmed that probate hes been granted I 11 h8$ been ascertainèd by the exècLrtors that 5ufficnt a$$ets are aval￿b￿ in the estate to pay ill All rrmdi1￿ns attxhed lo it ha￿ beèn rnel ar ar8 withintha control of the Ch4rity If Ihore Is unc8rl3irty as lo the amount of tho legacy and il canwt be relpbty eslim3ied Iren the bgacy skfjwn as a contiryent as$81 Inole 241 ￿til al of t￿ ¢0￿rtIonS for Inc￿￿8 recognition are met. Resources E￿or￿Jed al General All eXpe￿rtUre ￿ accounted for on an accrua basis and has been classif￿￿ under headiry5 th81 aggreg￿e all Costs r8lai lo each ¢aiegory of expanse in the Slalement of Financlal Attmlies. Fxpenditure is recognised when tIE following crrteria are Mel il There is a presert 14al or constr￿liVe otrAigalion resu￿1￿ 4 past évent il 11 Is mue lIk￿Y not that a transfer of (￿U&llY a cash paymertl wll ba requlrad In settit￿ent 111 The amount ol Ihg obligatlon can be rnèasurad ￿ eslimatad rella￿y. Irr￿Overab￿ VAT 15 charged again51 the category of resources expended for wh￿h il was i￿Urred bl Grants PaYa￿e Grant$ payaLle are paymert$ made to tlird partie$ bodÈsi In the furtherarte or charita￿8 04"eclives oy tho furf5 held ￿ IrLL41. primarily rglvèf of Ihoso wh) are sick. Grant payrnent5 are recognised as expenditure when the Co￿rtIonS for their payment have beèn mei or where there is a conslrwlive otligalion lo make a payment. A constr￿l￿e obligalK>n arises whpn the Charity I Ws communica1￿ Ils intention to award a grant to a reCIp￿nt wh) then has a reasonab peeiaiion th8t they will receive a grant 11 made a public anmuncernent a)￿rt a commilrnent which 1$ Spec￿1¢ enQ￿h for tho reCip￿￿t to hava a roas￿a￿￿ expectat1￿ that they will recwve a grant il eslablisW a pattern of practice which indicates to th2 reciFxent that it will l￿nour ils ccmrnrtmert. The trustees have contrcl over Ihp amGunt and limiTV of grart pa5rynents and consequently wkEre aFvroval gr￿n by Iruslees and any of abova Criter￿ fove begn mel a Iiabilmy retoynsed Grants are mt Lsuaity awarded with condit￿n$ attached Wwever, Whent￿Y are thpn those corflti￿S trEve to be rnel before tIE ￿abilitY is recogrised 33

Charity LNIVERSITh WSPITALS COVENTRY AND WARWICKSHRE CHARITY Notes to thp fInanck?15tater￿tS for theyear end￿ 31 March 21Y21 (continu￿) Where an intentlon has mt be￿ t￿mUrde81èd. I￿￿n m expendlture Is recogntsed bLrt an appropriate des19rt￿n 1$ made in the arvropriate fund If a grant has been Offer￿ but thère is uncartairny as lo w￿l￿r il will ba accepted or whether conditi(￿5 will be met Ih8n m Iithilly Is rectynised bth 8 Cthrtiwent liablily 1$ di$cltssed. cl ￿1)eat￿n of overhead and supput costs Swport cost5 a￿ those costs whKh do not ￿e￿te directly lo a 5iryle act1￿y. These inclLKle staff costs. 3drninslralive exp￿$05. f￿aKe and accountlry Sorwces. Intemal and extemal aLhl costs aNJ IT $ystem$isupport. Support costs heve bn apportIo￿d bevAreen fU￿r&&Ing costs arKJ charrtable aclpilies on an approprpte bas15 ard arg analysod In note 11. dl Fund rai%ing costs Th8 costs of generaliry fuThJs are tVDse cosis attribthablg to gerEraliry Income for Charity 8r￿ include staff and expertses re18t￿ to fundratsing attr￿lIeS 8nd fees paid to external fundrai5iry adwsors. Fu￿raIsI￿ ¢OSt5 ex¢lL￿9 those c051s Ircurred In undert4kirg ¢hJnlabb act1w1￿5 and the ¢ost5 I￿Urred In underlakiry Ir&lrvJ act1￿11 In furtherance of Charfcy's objects. C4s1s of the Charity s investment maregers are met from the Inve51merts and are Separatdy 1d8rtIfi3￿e eNJ are not I￿refOre recorded 8$ fU￿re&l￿ costs. el charItab￿ act[￿tI￿S Costs of charttable actI￿tIeS all costs Incurred In the pur$utt of CharItab￿ objects of the C￿rItY. These costs. where not W￿)Ity allribLrtable. are apportiorÉd Ihg calegorBs of charhable expendtture In 8ddMlon to the dlrect co$is. total cost$ of each categuy of charrtable expenditure therefore i￿ude 5WPDrt costs. as shown In note 8. Flxed Assets al Flxed Asset Inv8StM￿tS Fixed asset investments gre initialy recognised at their tranSact￿n valuè ar￿ are $Lb$eqLntly rneasurgd al their fair va￿8 Imarkel valwl a5 at th8 bala￿8 sheet ¢ale The Sl?temert of Financial A¢livrties Incl￿88 r￿1 gair6 lo$s arisirg on revaIL￿tIon and d￿poSal5 IhrowhoLrt the year. auote¢ Stocks arf shares are included n ltte balance s￿￿&t at mid-markel price, ex-dtwderd.. and other invaslmern flx8d assets are Incl￿ed al t￿ Trustee's bast estlmale of rnarkal valw. The main form of financial risk faced by thp Charity is t￿1 of volatility in equity markets and inveslrnent rnarkots dug to WKler econNnic co￿rtIons. the attitude of Investors to Investmert risk. ard changes In santlment ¢orKernlng 8qutt￿5 wilhln partlcular sa¢lors or sub sa¢tors. FUrt￿r inrgrm4til￿ the Charity's ￿¥S51M¢￿t5 ¢Jn be fouKI al 15 other Assets and ￿a￿lIt￿$ al St[￿ks stocks are stated at the lower of cost. uslry flr8t n first OLrt m6thod, rt reallsable valua lestirnaled selling price bss costs lo complale and s411 bl Cebtors tbblors are amount5 ow lo thg Charity, and are rnoa5ur•Y on the b35is Qfthwr r￿0verabL9 amoLrt. 34

Charity LNVERgTY HOSPITALS COVENTrY AND WARWICKSHRE CH4Rir Notes tothe fir￿nc￿lI Stater￿tS forthe year end￿1 31 PIArch 2021 Icorrtirxjedl ¢1 eash and Cash Equlvalents Cash al ba￿ In Is he￿ lo rnegt the day to d)y runriry costs of C￿rity a$ tw f411 e. Cash eqUI￿1￿ntS are smrt tem, figNy Iiqud irnwestments. ￿UallY n 90 day mtice irterest arlng sathrys accourns. dl Credf(ors Credllors are amounts OW￿ by Chertty. They are meaSlr￿ al ttr amoutt that Chartty Ypecls 10 ￿ve 10 pay to Sett￿ debt Amtsurts wh￿fv are owed in morètkn 8 year are shown as lor( lernn Credrt￿9. R￿lISed Gairts and Loss8s All ga￿$ and k)$50s aro taken lo Ire Stalemert of Financial Activrt185 a5 tfey ariso ard are cdcdaied 8$ follows- Il Realis gain￿￿$50$ drfter0￿8 betwn sa￿5 proceeds art op￿irg caryiry val (pur¢￿se dale if lateri III UNealised gains(losses'. differerce between market valug at year erf and op8niTrJ e8rrylw valuè (ty pUr¢￿se dale tr L8teri. StafntvJlPen￿onS Th$ Charity nuw dlrectly employs all of tts staff. wllh payroll admlnlstratlon OLsourc lo TGFP. Frcth the 1$1 of ￿￿Va￿ernber 2017. the Charhy initiated a workplace pertsv)n scheme managed by B&CE blthrg5 Ltd for Ils 514ff Tre per01¢￿ 5chwne 15 4 ¢efir6d contribthiw s¢Wne. C￿ntI￿d JudgeTrwtts aThJ Key A8sunytknns There are m signifKant i￿19￿n8￿t$ that managemert has made In process of appwiro tro Charfcls accourtlry polIc￿$. There are ro key assumptions cwcernry ltte ftrture. ncy Ot￿fjr key sources of estrnalion un¢wtainty whKh have a signifKant risk of ¢ausiry a maierial aclLslmert lo carryirg amoLrt$ of assets liabilftie5 witFin the n￿Al rewrtiry pervJd Rolat8d Party TraTh8actlons Lhder th8 Charrty's ArtKbs of Association. Lbwersrty Pbspilals Coventry WarwKkshre WS TrLL41 NHS Trust) the rlght 10 app￿nt up lo four persorts to be a dlrectuiirustee of the Charity ai any o time. Dunry year. four d￿￿tors￿lrll4Ie6S of the Charrty were dr￿torS or employees of UHCW WS Tru51, afthowh year SLth dlreciors repre$erted less than of direciorsltrLtstees of t￿ ChartLy. LHCW WS TrLL41 la￿ rts patients) 15 t￿ main bemficiary of grarts made by Charity which totalled £570 472 in 202Q121 I£3￿.769 in 2019,1201. In addition. Coventry and Wanwick$hire Partnership NWS TrLEI ICWPT NHS Trusll. which itsglf is Classifi￿ as a rekled party lo UP￿vI Tr1￿1 also s￿n￿art grants durirg 2020121 lotaliw £48,8471£48.573 ￿ 20191201. The Charity ha$ made no grants to ary other organlsallon. In additiw to m8kiry grart¥ 10 LHCW Tmst. CkÉrity also pr#ures financial act￿ntIr￿ and supwrt s8rMcas fr¢¥n th organBal1c￿. The ¢(6t ￿ Ihgse sepKes in 2020121 was Q7,2LXI Irc1￿1￿ VAT1£27.200 In 20191201 As al 31st March 2021. tha SLM of £589.352 (£576,347 as at 31st March 20201 was owed to LWCW TrL61 in respect of grants awar￿￿ bLt not paid financid accourt1￿ suwort se￿I￿eS One of tha Charrty Trustees is t￿ Ch￿f Execthive of Adecs Mapb. an IT $enlKes compeny with which I Charity spent É622 for IT swport 5eriices. Olhar than the trans8Ctlc￿S summarBed above, durlrg year of the IrLBtaes or M￿berS of key Ma￿g￿ent staff or part￿5 reLated lo them ha5 U￿erta[en any rnalerial transactions with the Charity 35

Charity UNIVERSITY HOSPITALS COVENTR Y AND WARWICKSHIRE CHARIry Notes to the financial statements for the year ended 31 March 2021 Icontinuedl Analy515 of Income from Donation5 Legacie5 Unrestricted Restricted Fund5 Fund5 £000 £000 342 67 195 604 Total Total 2020121 2019120 £000 343 67 775 1,185 Donations Legacies Grants 347 16D 580 581 522 Donations include monies recerrfed Irc4n patients. staff, members ol the public and organisations through unsolicit&d donations and collection boxes Grants include monies received from applications made lo grant giving trusts and foundations and includes Analysis of Income from Other TradiNJ Adivities Unrestricted Restricted Funds Funds £000 £000 45 Total Total 2020121 2019120 £000 45 Trading Charity Event5 Games of Chance Gift Aid on Sponsorship Iwome 35 70 70 64 Trading Is Ihe Sale of go(￿5 including.- Item5 purchased foi resale (including refreshmenlsl-, and donated goods from local retailers and Charity supp)rters. Charity events include mnies from fundraising events organised by the Charity or ils agents. Gift aid on sponsorship is the gift aid claimed on Charity events and the sale ol donated goods. Role of vol￿teerS Volunteers support the Charity by assi$ling with a variety ol adminBtrative and fundraising tasks including office duties. cowling oash arKJ running book sales. Gr055 InCOw￿ From Inve5trnents Unrestricted Restricted Funds Funds £000 £000 79 Total Total 2020121 2019120 £000 £OOD 79 77 Fixed asset equity and sinilar investments Short term investments deposits arn cash on deposit 89 89 88 Analysis of Expenditure on Raising Funds Unrestricted Restricted Funds Funds £000 £000 74 Total Total 2020121 2019120 £000 £000 74 44 Fundraising offiGe Fundraising events Fundraising support and advice 51 125 51 125 60 106 36

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2021 (continued)

8 Analysis of Charitable Expenditure

The Charity did not undertake any direct charitable activities on its own account during the year. All of the charitable expenditure was in the form of grant funding.

The majority of grants were made to University Hospitals Coventry and Warwickshire NHS Trust and the Coventry and Warwickshire Partnership NHS Trust

Patients welfare and amenities
Staff welfare and amenities
Research		 Grants
Support
Total
Total
Funded
Costs
2020/21
2020/21
2020/21
2019/20
£000
£000
£000
£000
487
124
611
498
112
29
141
56
20
5
25
0
619
158
777
554

9 Analysis of Grants

The Charity does not make grants to individuals. All grants are paid to NHS organisations or other organisations to provide care for NHS patients in furtherance of the charitable objectives.

The trustees operate a scheme of delegation for the majority of funds under which fund advisors manage expenditure from those funds in accordance with guidance approved by the trustees.

University Hospitals Coventry and Warwickshire NHS Trust
Coventry and Warwickshire Partnership NHS Trust		 Grants
Number
Funded
of Grants
2020/21
2020/21
£000
570
123
49
17
619
140

10 Movements in Funding Commitments

The table below analyses the movement in funding commitments during the year.

Opening balance (1 April)
Additional commitments made in year
Transfer to/(from) Debtors
Amounts paid during the year
Closing balance (31 March)*		 Current Non-Current
Total
Total
Liabilities
Liabilities
31/03/2021
31/03/2021
31/03/2021 31/03/2020
£000
£000
£000
£000
589
0
589
198
619
0
619
394
0
0
(3)
(589)
0
(589)
0
619
0
619
589

The analysis of creditors above only includes those sums relating to grants payable and excludes creditors related to operating costs. The sums analysed will therefore equal the accruals for grants payable in note 19.

*Commitments only include grants to be settled by cash outflows (and exclude transfers of other assets)

37

Charity UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY Notes to the financial statements for the year ended 31 March 2021 Icontinuedl 11 Ajlocation of Support Costs and Overhead5 Support and ￿￿head costs include governanc& and admiristralivo costs bul exclud8 the direct costs of fundraisng activitie& Govern7nce costs are those support costs which relatf to the strategic and ctsy to day management of a charity. pporl and ￿￿haad (including g￿ernanCe) costs aro allocated on th8 fcllowiTrJ basis.. al Govgrnancg cos15 ère JppcKtioned betwgen fundraisng activicies and charitable activrtl95 bl Costs relating to the administration of grants are charged lo charitable activiti&$. Costs are apportiowd directly lo t￿ apwoyialo catsgory W￿re posyble. otherwise thoy are apwrtioned bebMe8n catsgorie5 on an apwowiale bass le.g. lime swntl Cost5 are apportio￿d to furKls on a mDnthly basis In proportian lo fund balances Ralslng Funds Charitable Aciivltles £0 Total 2020121 £0 Total 2019120 £000 B&sls Extgrnal awlit Charity tea Finawe t8am Oth8r costs Toial 7 Expfndrture 107 Timg 25 Tim8 28 Expendrture 107 110 19 147 20 162 15 Unrestricted Funds Restricted Funds £oTrJ Total 2020121 Total 2019120 eooo 16 151 107 Raisng fvnds Charitable actiwlies 15 147 162 147 162 12 Trustee Remuneratlon, Benefits Expenses renwneralion, benefits nor expenses were payabb to the Charity trLBtees in 202012112019120 £nill 38

Charity LJNIVERSITh HOSPITALS COVENTRY AND WARWICKSHIRE CHARI Notes to th•flnanclal statem8nts for the year ended 31 March 2021 Icontlnuedl Analysls of Staff Costs and Rarmnerotlon of Key Managemant Personnel 2020121 £000 2019120 £000 Seconded 8gency Staff Salari95 wagg$ l¢ir8cIW employe¢l Social se¢urrty costs ot￿r pension costs Total 170 140 195 164 Average Nmber of empbyees Iheadcowti Tha nLwnber of employaes W￿$• reMu￿ratIon IlrKludiry beneflts In klnd bth excludlry employer per￿lon contribLrtlonsl ax¢eeded £60,000 was as follows.. Salary Band £60.001 £70,000 £70,001 £80,000 14 AudttoV5 RernuneratK)n 2020121 2019120 The audilol$ reMU￿rat￿)￿l0r t￿ year lexclLKliThJ VA Tl was 6.125 5.950 Flxed Asset Investments 15.1 Movernont in Fixed Asset Investwtsnts 2020121 £000 2.563 458 3,021 2019120 tooo 2.635 72 2,563 Openiry balanco IUHCW NHS Trust Charity Iran5ferl Add.- nel gaiThl105sI on revalualk)n Market va￿8 at 31 March 15.2 Fixed Asset Investrnents by Type 2020121 £000 2.702 319 3,021 2019120 £000 2.239 324 2.563 CCLA COIF- Investment FuThJ CCL4 COIF- Flxed Irrtarest Fund Totsi The CCL4 COIF- Investment FuThJ Is a common Investment Invesknent fu￿ managed by CCL4 whlch has a mixed portfolio of inve$imerrts- the funds asset allocation a$ at 31 March 2021 i￿luded Overseas equrties UK eqLilies Infreslructure and operallng assets Other 9.89% 9.12% 13 76% Tha CCL4 COI F- Fixed Interast Fund b a Common Invastmant investment fund managed by CCLA whKh has a mixed porttollo of Investmanls- the fu￿5 assal allocation as al 31 March 2021 IrKludad.' Non-Gltt$ 81.12% Gitts 37 78% Qlher 1.10'/0 39

Charity UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARIPI Notes to the financial statement5 for the year ended 31 March 2021 Icontinuedl 16 stocks 2020121 £000 2019120 £000 Finished goods held lor sale 12 Total Stocks 12 Finished goods held lor sale comprise Charity branded l-shirts and face masks. Stock recognised in cost ol sales during the year as an expense was £24.000 I£0 in 20191201. 17 Analysis of Current Debtor5 Total at 31 March 2021 £000 Total at 31 March 2020 £OOD Amounts falling due within one year.. Amounts owed by related parties. Prepayments and Accrued Income Total debtors 24 24 24 24 The related party is University Hospitals Coventry and Warwickshire NHS Trust 18 Anatysis of Cash and Cash Equivalents Total at 31 March 2021 £000 Total at 31 March 2020 £000 Cash in hand and at bank Total cash and cash equivalents 1,665 1,665 1.218 1.218 19 Analysis of Creditors Total at 31 March 2021 £000 Total at 31 March 2020 £000 Amount5 falling due within one year. Amounts owed lo UHCW NHS Trust. Other Trade Creditor5 Taxation and social security Other pension costs Accruals and D&ferred Income Accruals lor grants payable" Total creditors 19 33 619 655 589 638 these sums relate to finance staff recharges and other services from UHCW NHS Trust and are expeGted lo be cleared during 2021122 grants payable relate to sums awarded but not paid to UHCW NHS Trust and CWPT NHS Trust 40

Charity LNIVERSITh HOSPITAL8 COVENTRY AND WARWCKSHIRE CH4RI Not8S to th8 flnanckgl stat8nnts I(￿ the year end8d 31 March 2021 (cont1n￿dI Reconuliation of ￿ i￿Orr I1gxpenditurg1 to net Cash nowfrorn operating adDiities 2020121 £oJo 442 2019120 £cK)o 14 Nrt in¢oTrlIexp￿drtUr9I for 2018119 las pw the statemt of Financial ActNlti851 Adjusttrnts for.. Depreciation ¢horg85 DI￿der￿S. Intr$sls rents Yrom investments (I￿reSSe)￿decree$è In stoeks (I￿rease1￿￿ecrease in debtors I￿reas¥[decreaSel In crrtor5 cash prO￿ded by (used Inl cyerallry acti￿￿8 1881 414 358 21 Tra￿lerS Bth8n Funds Transfers bghveen funds ￿u)llY occur fund 4thsrxs Qertrfy 5fparale funds with 5iml4r oiy"e¢lr¥ES. and those funds C￿1￿ potentially be rnerggd irto ore. nalysls of Funds Recondllatlon of Total Fund MoveTrwrts 2020121 Inr¥und Qasnsano Tran5fv Lu5595 Bèiènce Balanr• b Incom• Expgndrtu £￿0 39 3, 128 &167 £oNJ 581 763 £(J]o £000 £NJo £000 535 3.532 4,067 Restrict￿ fu￿$ Lhre51ricted funds Total 818 458 458 nalysls of Restrkted Funds M0ven￿t$ 2W20121 Inrund Gainsand Tranit•rs Losi Balanc• BJlinc• b Ineom• Exp•nd￿Ur• Nan of FUNI Comrnunily Conneclior6 FL R997 Staff Wellbeirg.Fur Aggrege Olhar Fur￿$ £rL)o £oc £oJo £000 £coo £000 R996 256 162 39 581 84 535 Descrtlon ¢f Nature and Purpose of Fund R9 To develop community parttErships to reduce hedlh inequalities, support ppove impacted by COVID R997 To SLPPOrt staff wellbeing al uP￿w WS TrLEI

Charity LNIVERSITh WSPITALS COVENTRY AND WARWICKSHRE CWRIT Notas to th8 flnanck81 state￿ts T(￿ tha year end8d 31 March 2021 Icontlnuedi 22.3 Analysis of Unrestricted F￿d5 Moverrerrts 2020121 Baièn¢eb In¢omt ExpendWdrt Tronsfor5 NaTh ol Fund 8931 Ge￿re1 UH 8722 C8rdioiogy 8864 Cancer Ward Furé Walsgrah -£orKo!oAyl.- 2￿5 Genpr81 St Crtss$ Hosp.i!ai 6755 Int￿sive and crit￿al Care 8450 ophthaim0lo9y.Gar￿ral Care FuThJ 8742 N)naial Dep.ariment Tru$1 Fund £000 72 tooo 435 tooo £000 £000 £000 221 28 198 148 136 129 109 loo 8405 FÉesp.Iratory... 8726 Breast Care Fu 144 77 8765 Renal Care and Dialys 79 105 88 7(￿0 Ge￿ra1 Sur9.e.ry..... 6380 Sl Mlchaels Fund 7(62 vcluntary.sÈr￿￿eS 78 71 85 Gerral Rgsearch linrovation a De¥elcp.ment Fund).. 8749 y￿n9 P&ople Ckiidren'$ 8761 Uro!oAy.-------------------------------------------------- S(blS PdIatr￿ TrLtsI Fu A￿regate Other FurKJs 88 55 61 70 15 66 60 65 Total 3,128 763 818 458 3,532 Description of Natwe and Pwpose of Fund 8931 For gewral purpos8$ al Lhrrfarsily H09Pltal 8722 To enhance the care of patierrts by fundiry new seNces. facilities 8864 B￿8T11 of Pat￿MS & staff within Cancar S￿￿c&s 2￿5 patEnt care as well as staff we￿are and tra￿￿ 8755 To erhance the care of palierts by fundiry ngw sewces and I￿1￿1185 8450 To er￿rn¢& the care of paiierts by fundiw new equipment 8nd ser%ices 8742 To inwove paliern care. palignt arf fa¢ilrtaig staff irainiry and devebprnert 8710 Rese8rch and deveknpment. aNJ Clinical F8cilities For Cardk8C PatK&nts 8405 To erhance the care of palierts by fundiry ngw seNces. e(wipment 8726 To fu￿ the caprtal works for a new screenlng and mammograwy centra In Ctty of Coventry 8765 To ethance ar￿ support renal Dare and dialy$i% 5eNces 7000 To erhonce the care of pallerts by fundlry new IT equlynert 6380 For gereral purposes al * MKtt4els Pbsprtal 7(62 To erh8nce the care of pallerts by fundlry r&w equlpment end ser￿ceS 8￿$ èthironment. &utation and Iraniry. 4uipmerrt. staff Sr￿ paiierts 8%5 Re$8ar¢h and educalb)n 8749 To promotè paed￿triC researchfor m￿coMmercial reasons 8761 To erhance ￿Pport urology $aMc88 S(blS To promote paed￿triC re5earchfor rx>rFcornmercial reasons The above fLNJs heve b*n accepted by LWCW Chartty wilhoLrt IrLBI belng aNJ ￿￿nCe are Classifi￿ Js unreslrKled Howgver, the Truste85 have d•errnned that th8 fun¢5 will be designated for particular wrposes In ordar 1¢ satvdty ias closely as possb￿l t￿ dorv)rs' staiad pref8ranca8 a8 lo hw t furts Shou￿ be expended 42

Charity LNVERgTY HOSPITALS COVENTrY AND WARWICKSHRE CH4RI Notes tothè flnanckql Stalen￿t$ forthè year )d&J 31 VArch 3)21 IcontlNedl Rewndliatlon of Total FundMoveThnts (Prlor Ye8r2Q19/20J ItIWM• ExP•p￿lI￿ Twsf•15 £0￿1 £(1 25 649 674 L¢SS•S £O(X) Éipoo 49 3. 176 4225 Rsstridt funds Unrestricr funds Total 628 3. 128 3,167 72 Analysis of RestrI¢tsdFU￿ M0ven￿ts (Prior Year IOIWIOJ ItIWM• E¥P•nJllW Trwisr¢5 £OLXI L¢ss¢s of Fund R765 LTh8ly.sis.Equip.m$ntFu R893 Childrens ArtPrc9.rammo A$9￿g&[e otherrestrirted fund9 £0 £oc 15 !). 14 1Q rotal 49 32 e nots 22 2 forfund descnpttans exceplfor the followry.. R765 Fr£￿￿r￿ment0r￿14lY￿s mhin6s for uso atUHCWNHS Trust R893 To wpKvrtlh& childrgns 8rtpro9rarnrng in ￿￿￿￿al Afft>alWs of UnrestrlctedFufft>ds MOve￿nts (Prior Ytsar2019120) 8aiaD¢e Inroffle Expendwyp frnnstE NaTh ofFund 8722 C8rdiolo&y........................................... 8864 Cancer ￿Vard ￿Val&9.rab &105 R&spir8tory... 8755 lrt$nstve and Critscai &7re 8742 Neonat81 Lep8.rt￿nt TrusrFund 8450 Ophthalmolcgy GellEral Cars FurKI 2095 GènÈr&l St Cross Fb4.>ii&l 710 JfFmy Pilcherl.Drl. Funtt 7000 General Su.oe..ry................................. 8965 Genfrpl Res$8rch l1nrnvat￿￿ and CvelopM8M Funcll... 6380 Sl A4ich8els General Fund 8765 PEnal Care D￿l¥S￿$ 8726 8re8StCar& Ftsihy 8931 General UH 7062 Voluntary Servitss $855 Haemaiolcgy..Cv8lopx.&rt Fund 8761 Uro!trJy...... 45 Pa9cl￿tr￿ TrustFuncl 8749 Young.Peop.lÈ ar Chilciren's A93regato otterun￿StrI¢t0cl funds £000 373 £0 £000 £0 £OtR7 129 129 144 .114). ..144J.-............1.18)............... 18). 1.6J .1.41 95 131 42 70 60 28 1301 --17J 121 61 65 1.016 3,176 Total 649 628 72 3,128 S&e note 22.3 forfuntl dascnpttons. 43

Charity UNIVERsifY HOSPITALS COVENTRY AND WARWICKSHIRE c￿￿RI Notes to the financid State￿￿ntS for the yeai ended 31 March 2021 Icontinuedl 23 A￿aty￿s of Other Gain5 and Losses Duriry 2020121, there were no other gains and IL￿Se5 incurred 12019120 £nill. 24 Conting8nci8S The financial statements presented eXCl￿e the followiry contingencies.. 2020121 £000 240 2019120 £000 Contingent Assets Contingent Liabiliti The contiroent assets rdate to.. the balance of a grant awarded by NHS Charities Together ol 1213.0￿ which is contingent upon submission and approval of an interim report.. ar a legacy which does not meet the criteiia for accrual las Set out in note 1.5bl with an estimat￿ value of £27.￿0. 25 Connected Organisations 2020121 Net Suiplusl ID8fiutl for the Conne￿ed Organisation Turnover of Connethed Organisation Nan*, n￿Ure of connection, and d85cription of activit185 undertak8n £000 £000 uni￿rSitY H(￿pItalS Coventry and Warwickshire NHS Trust, a major acute teaching hospital prowdiro NHS healthcare sermces primarily to the community of Coventry and Warwickshire. 806,313 3.402 Vthilst the University Hosprtals Coventry and Warwi¢kshire NHS Trust was the main beneficiary of Grant5 made by the Charrty during the year. Charitable Grants were also made to the Coventry and Warwickshire Partnership NHS Trust. In addition to being a main beneficiary of the Charity. Uni￿rsrtY Hospitals Co￿ntry Warwickshire NHS Trust also nominates a minorrty number indwiduals to sepR as trustees ol the Charity. See note 2 to the accounts for rdated party transaction information. 44