## Annual Report and Accounts 2022 – 2023
Sheffield Hospitals Charity Wycliffe House Northern General Hospital Sheffield S5 7AT
Tel: 0114 2267351 Email: charity@shct.nhs.uk Web: sheffieldhospitalscharity.org.uk
Sheffield Hospitals Charity is the official NHS charity for Sheffield. Charity registration number: 1169762. Company registration number: 10422654
## Contents
|Chair’s Foreword|Page 2|
|---|---|
|Review of the year|Pages 3-8|
|Financial review|Page 9-10|
|Structure, governance and management|Pages 11-18|
|Advisors|Page 19|
|Objects|Pages 20-23|
|Financial statements for the year ended 31 March 2023|Page 24|
|Trustees’ responsibilities statements|Page 25|
|Independent auditor’s report|Pages 26-29|
|Consolidated statement of financial activities for the year|Page 30|
|ended 31 March 2023||
|Balance sheets as at 31 March 2023|Page 31|
|Statement of cash flows for the year ended 31 March 2023|Pages 32-33|
|Notes to the accounts|Pages 34-60|
1 | Sheffield Hospitals Charity Annual Report 2022-23
## Chair’s Foreword
On behalf of the Trustees of Sheffield Hospitals Charity, I am delighted to present the Charitable Group’s Annual Report and Accounts for the year ending 31 March 2023.
This document provides an overview for stakeholders and interested parties of what the Charity has achieved during 2022/23. The Annual Report, including the Review of the Year, and Accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and complies with the Charity’s governing document, the Charities Act 2011 and the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102).
This report and accounts cover a year during which our hospitals and NHS staff have sought to recover and rebuild following the pandemic. We have continued to receive an incredible level of support from the people of Sheffield, who are often donating to show their gratitude for the exceptional care our NHS colleagues continue to deliver.
As always, Sheffield Hospitals Charity has provided vital funding to support both staff and patients within Sheffield. On behalf of the Board of Trustees I would like to acknowledge the dynamism and commitment of the charity team.
This year, we took the decision to front the regional application for NHSCT Stage Two funding across South Yorkshire & Bassetlaw. We were successful in overseeing this process and helped to secure £750,000 of funding for a range of recovery projects.
We have funded 75 calm room spaces across the hospitals and wider community, which provide a space for the physical and mental relaxation of staff. We also fund Schwartz Rounds – invaluable mental health sessions which offer a forum for staff to share and work through the more challenging and traumatic incidents that they experience at work. We also completed our Secret Garden at Northern General Hospital which saw us transform 1,200m[2] of disused land into a haven for NHS staff and patients to take a break and regather their thoughts away from the busy ward environment.
We continued to fund Arts in Health and Volunteer Services which provide daily support for patients across the hospital sites, bringing music and art to the wards, and providing person-centered support for patients. From helping patients find their way to their appointments to reading at their bedsides, and from collecting prescriptions to assisting patients to eat their meals, volunteers deliver a phenomenal amount of support to our NHS, and we are proud to continue funding the services.
During the year, we committed to funding a range of cutting-edge research projects including those striving to find treatments for degenerative neurological conditions including MS and FSHD.
Through our Grants Investment Panel, the charity has provided grants in excess of £2m to support Sheffield Teaching Hospitals Foundation Trust and Sheffield Health and Social Care Trust.
We look forward to continuing to offer this support for years to come.
Gareth Aston, our Chief Executive since October 2020, accepted a role with the Boparan Charitable Trust in early 2023 nearer to his family home in Birmingham. Gareth leaves with our best wishes and thanks for the contribution he has made over the last two years. We are delighted to welcome Beth Crackles as our new CEO. She has made an immediate impact and is already driving positive change informed by her wide experience in the charitable sector.
Adrian Stone Chair
Sheffield Hospitals Charity Annual Report 2022-23 | 2
## Review of the year
The charity remains committed to the following objectives:
- Develop a diversified and sustainable portfolio of fundraising activities delivered by a committed, professional and motivated fundraising team.
- Proactively spend down its earmarked funds with our NHS partners, reducing its overall fund balances so that the Charity can meet as much of the greatest identified need as it can, utilising funds in a timely manner.
- Re-engineer our processes, funds and structures to become more efficient and truly customer focused towards all stakeholders.
- Increase our presence in the hospitals and wider Sheffield community.
- Continually improve the measurement and communication of the impact of our grant making.
- Comply with best practice, legislation and guidelines and be able to adapt to change.
We have over 280 special purpose funds and are proud that the public trust us to invest their money wisely and with care. We are now working to ensure our funds are invested more swiftly into projects for patient and NHS staff benefit in accordance with supporters’ wishes. In time, having delivered more - and higher value - grants, the number of funds we hold will reduce. As part of a robust fundraising strategy, we anticipate raising more funds in future years, and will endeavour to channel them into funds with fewer restrictions so that our NHS colleagues have larger funds to apply to, and can secure larger grants more quickly.
## **The Role of the Charity**
Sheffield Hospitals Charity exists to enhance the care and treatment of patients accessing NHS services in Sheffield, by supporting high priority areas which are beyond the scope of government funding.
We achieve this by partnering with NHS clinicians and staff to deliver projects that make a vital difference to patients by:
- Enhancing the quality of patient care.
- Improving the environment for patients and staff.
- Supporting NHS staff development to enable them to provide excellent clinical and patient-centred care.
- Providing funding for pioneering research with the potential to impact directly on the treatment and well-being of patients.
- Funding state-of-the-art equipment that improves outcomes for patients.
3 | Sheffield Hospitals Charity Annual Report 2022-23
## **Our Vision**
To be the local healthcare charity of choice, trusted to support people in our community from birth to the end of life by enabling projects to be delivered that improve the health and treatment of local patients.
## **Our Mission**
Good health is priceless, but the NHS in Sheffield needs more money.
Our mission is to fund initiatives which are over and above what can be afforded locally including projects that improve our health, state of the art equipment, pioneering research, patient support services and the transformation of our hospitals into more welcoming and comfortable spaces.
## **Our values-based support for healthcare in Sheffield**
Our aim is to raise and distribute money to benefit patients and health generally in Sheffield and the surrounding area, with honesty, integrity and openness. Working in partnership with others wherever possible, we take a proactive and dynamic approach to provide a comprehensive and professional service to stakeholders, and to the health services they seek to support. We will be clear, consistent, personable and responsive with our stakeholders. In everything we do we pursue excellence, high impact, efficiency and cost effectiveness, and practice rational and robust governance.
The trustees and staff of Sheffield Hospitals Charity work together as a supportive and inclusive team, bringing out the best in each other in a caring and respectful environment. We enjoy our work, but most of all we are proud to be the means by which supporters choose to show their appreciation for excellent health service provision and research in Sheffield, and to be able to help health service professionals channel that support to where it is most needed.
## **Our strategic objectives**
- To work with healthcare providers to enable them to deliver an outstanding overall patient experience, which delivers the best possible outcomes for patients and their families.
- To be the healthcare charity of choice for local people.
- Drive innovation in healthcare by investing in pioneering projects locally.
- Supporting initiatives to prevent ill health and promote good health.
Sheffield Hospitals Charity Annual Report 2022-23 | 4
## **Activities for Public Benefit**
All our work has due regard for Charity Commission guidance on public benefit. Thanks to the continued generosity of our supporters, Sheffield Hospitals Charity has been able to invest £2million across all areas of care. This included grant-making in the following areas:
|Patients welfare and amenities|£446k|
|---|---|
|Staff welfare and amenities|£134k|
|Staff trainingand courses|£90k|
|Research|£792k|
|Equipment|£40k|
|Environmental improvements|£165k|
|NHSCT Community grants|£370k|
## **COVID19 Response**
Through the generosity of the local response to COVID19 and the national funding received through NHS Charities Together we have continued to provide the following support during the year:
- **Creation of a Wellbeing Garden** Located at the Northern General Hospital, a 1,200m[2 ] beautifully landscaped garden space, providing staff with an opportunity to take time away from the busy ward environment. The space was designed by Weddle Landscaped Design - with the brief to transform a disused piece of land into a tranquil outdoor space which could be used throughout the year.
- **Establishing over 70 Calm Rooms and Corners** These rooms and spaces (within the hospitals and community) provide staff with a much-needed opportunity to refresh and re-energise at times when it is difficult to leave the ward for refreshments.
- **Additional Psychologist Support for Teams (18 months)** Providing on-site face-to-face psychologist support to teams to aid their recovery post pandemic.
- **Schwartz Rounds**
- A forum for hospital staff from all backgrounds to come together to talk about the emotional and social challenges of caring for patients. The Schwartz events offer a safe environment for staff to share stories, reflect, and support one another. They focus on the human side of delivering care. Schwartz rounds play a key role in supporting staff mental health, reducing burnout, and recovering from the impact of the COVID19 pandemic. To date, three rounds have been funded, spanning a 36month period.
5 | Sheffield Hospitals Charity Annual Report 2022-23
## **Research**
During the year, our commitment to supporting clinical research has included the following projects:
- **MS Research**
- Multiple sclerosis is a chronic immune-mediated disease affecting the brain and spinal cord. The immune system mistakenly attacks the nerves resulting in profound disability. This three-year research project, supported by Professor John Snowden and Professor Basil Sharrack, will look at two competing treatment options to establish which should be offered to patients to ensure optimal treatment responses.
- **FSHD**
- Facio-scapular Humeral Dystrophy (FSHD) is a genetic muscle disorder, causing progressive muscle degeneration with the face, shoulder blades and upper arms most seriously affected. FSHD has a devastating impact on persons quality of life. Currently there is no cure, however, there are several new treatments being developed. This four-year research project will analyse how the condition progresses to determine which treatments are most effective, helping establish a new generation of FSHD researchers within the UK, positioning Sheffield as a clinical trial centre in the future.
## **Arts in Health & Volunteers**
Charity-funded artwork and music sessions brighten the hospitals and keep patients entertained, reducing feelings of stress and isolation. We also fund the ‘Pick Me Up Pages’ resource for patients, providing a muchneeded distraction.
Arts & Volunteers Projects have included:
- **Music Concerts**
- 17 concerts per month with over 60 concerts delivered since they started in November 2021, with an average of 120 patients benefiting from the concerts each month.
- **Ward Activity Volunteers**
- 250 sessions have taken place across 15 wards since the Ward Activities volunteer role was launched in November 2021 -over 1,300 patients benefit annually from ward activity sessions.
- **Sympathy cards**
Sent to bereaved families with Forget-me-Not seeds – 0ver 2,000 cards containing Forget-Me-Not seeds were distributed to bereaved families across 39 wards/departments.
- **Pick Me Up Pages**
Over 1,000 copies of this activity booklet were delivered to 35 wards/departments.
- **300 Active Volunteers**
35 unique roles, supporting on average 7,000 patients/visitors every month.
Sheffield Hospitals Charity Annual Report 2022-23 | 6
## **Environmental Improvements**
We have supported several enhancements to spaces across Sheffield Teaching Hospitals Trust, including:
- **Chesterman Unit** A complete renovation of the theatres admissions area for patients admitted for elective and emergency cardiothoracic surgical procedures. This space was designed by Grosvenor Interiors and officially opened by local artist, Pete McKee.
- **Haematology Unit**
Renovation of an existing but dated relatives room into a space which is warm, welcoming, and comfortable, and the conversion of an unused space into a calm room for staff needing to take a breather from the busy ward environment.
- **Charles Clifford Dental Hospital** Reconfiguration and refurbishment of an existing clinical surgery to provide a private and non-clinical space to break difficult news to Oral and Maxillofacial surgical oncology patients.
- **Dementia**
The Dementia Practitioners concentrate on four main work streams: education; stimulation and wellbeing of people with dementia; Dementia Champions; the hospital environment. They provide invaluable support and advice, as well as creating and distributing resources Trust-wide to improve links between staff and projects, ensuring patients with dementia receive the very best care.
- **NHS Charities Together Stage 2 Funding**
In recognition of the impact of COVID19 on the wider community, this funding was to support community partnerships. We were confirmed as the designated Lead Charity and working in partnership with South Yorkshire’s Community Foundation (SYCF) delivered the Community Partnership grants programme across the South Yorkshire and Bassetlaw Integrated Care System. Projects the money supported were:
- Golddigger Trust – supporting young people with mental health needs
- Sheffield United Community Foundation - supporting people with cancer
- Age UK Sheffield - supporting people with dementia
- Age UK Rotherham - supporting older people in Rotherham to feel less isolated
- Creative Minds - supporting people with mental health interventions and educating providers to ensure that the good work continues once the grant expires
## **Fundraising**
Sheffield Hospitals Charity raises funds to enhance the care and treatment of local patients and those who care for them. We work in partnership with a range of individuals, organisations, companies and charitable trusts and foundations to extend the reach of our work and maximise the difference we can make.
Our fundraising strategy and activities reflect our organisational values and are reviewed regularly to ensure they are meeting the needs of the organisation, whilst ensuring resources are used efficiently and ethically for sustainable income growth.
During FY22/23 we did not work with any professional fundraisers or commercial organisations to acquire new supporters. The administration of our Weekly Lottery with existing players was carried out by a third party, with whom we have contract in place and are subject to due diligence and close management.
Sheffield Hospitals Charity is a member of NHS Charities Together. As such, we have the opportunity to benchmark our fundraising activity with our peers, discuss matters of common concern, exchange information and participate in conferences and seminars which offer support and education for our staff and trustees.
7 | Sheffield Hospitals Charity Annual Report 2022-23
We are committed to ensuring that fundraising is carried out in an ethical manner. Our policies and approach to fundraising standards are outlined below:
- We are registered with the Fundraising Regulator, comply with the Fundraising Code of Practice and are committed to complying with the regulator’s Fundraising Promise.
- We take our responsibilities to protect vulnerable people seriously and follow the guidance on treating donors fairly, and make sure all any agency partners are fully aware of our policies.
- We have a vulnerable person’s policy and specify minimum and maximum age ranges to our agency partners, so that we never recruit new donors who are too young, too vulnerable or too elderly to consent.
- We give our supporters the opportunity to opt out of further contact as part of every approach for a donation.
- We do not share or sell data.
- The privacy of donors is respected at all times. Donor records are confidential and held in compliance with the Data Protection Act 1998 and General Data Protection Regulations 2018.
- Donors have the right to see their own donor record and to challenge its accuracy.
- Donors and prospective donors will be treated with respect. We will honour any requests they make to:
- limit the frequency of solicitations.
- not be solicited by telephone or other technology.
- limit the amount or frequency of printed or online material that they are sent.
## **Complaints**
Our relationship with our supporters is very important to us and we monitor feedback and take complaints seriously.
When we receive a complaint, we endeavour to resolve it quickly, fairly and effectively. We can continue to improve the services we provide by listening and responding to the views of our supporters, partners and stakeholders and by responding positively to complaints. We aim to ensure that:
- Making a complaint is as easy as possible.
- We treat a complaint as a clear expression of dissatisfaction with our service which calls for an immediate response.
- We deal with it promptly, politely and where appropriate confidentially.
- We will respond in the correct way —for example, with an explanation, or an apology or information on any action taken.
- We will learn from complaints and use them to improve the services that we offer.
We are always sensitive to signs that may indicate that any individual is in vulnerable circumstances and needs support to make an informed decision. If we reasonably believe the individual lacks capacity to make a decision then a donation will not be accepted or will be returned if already made.
During the year the Charity received no formal complaints.
Sheffield Hospitals Charity Annual Report 2022-23 | 8
## Financial review
The net assets of the Charity as at 31 March 2023 were £14.3m (compared to £15.5m in 2022).
During the year income was £3.2m, a decrease of £1.1m on the previous year, largely due to a reduction in legacy income and gifts in kind. Total expenditure for the year was £3.4m, a decrease of £0.2m on the previous year.
This resulted in a deficit for the year of £0.2m (2022: £0.7m surplus) which, together with realised and unrealised losses from the investment portfolio totalling £1m (gains of £0.8m), results in an overall decrease in net assets of £1.2m (2022: £1.5m surplus).
The Charity continues to rely on donations, legacies, investment income and the SHC lottery as the main sources of income.
## **Sources of income for the Charity 2022/23**
**----- Start of picture text -----**
1% 1%
19%
28%
2%
22%
14%
12%
1%
**----- End of picture text -----**
Donations and fundraising Legacies Grants received NHS Charities Together SHC Lottery Retail income Investment income Income from training courses Other income
9 | Sheffield Hospitals Charity Annual Report 2022-23
**How funds were spent 2022/23**
**----- Start of picture text -----**
17%
23%
5%
1%
11%
13%
22% 8%
**----- End of picture text -----**
Research
Capital equipment
Patients welfare and amenities
Staff training, welfare and amenities Costs of generating funds
NHSCT Stage 2 Community Grants Environmental improvements
Support costs
## **Future plans**
Through continued investment in the charity’s staff and infrastructure, we are now laying the foundations for our ambitious fundraising strategy, which seeks to diversify and grow our voluntary income streams. As a result, we aim to increase our grant giving over the coming years.
Sheffield Hospitals Charity Annual Report 2022-23 | 10
## Structure, governance and management
## **Overview**
Sheffield Hospitals Charity is an independent registered charity (registered number 1169762) which exists to raise and receive donations for any charitable purpose relating to the National Health Service (NHS) wholly or mainly for the services provided within Sheffield. Funds are currently held for the patient and staff benefit of the following organisations:
- **Sheffield Teaching Hospitals NHS Foundation Trust** which consists of the Northern General, Royal Hallamshire, Jessop Wing Maternity, Weston Park Cancer and Charles Clifford Dental hospitals and community services.
- **Sheffield Health and Social Care NHS Foundation Trust** which provides a wide range of specialist health and social care services to help people maintain their independence and continue with their day-to-day lives.
- **Sheffield Children’s NHS Foundation Trust** which consists of the Sheffield Children’s Hospital.
- **NHS Sheffield Clinical Commissioning Group**
In addition the Charity seeks to work across the local healthcare system supporting initiatives that prevent ill health and promote good health.
The Charity continues to honour existing grant commitments to the Sheffield Children’s NHS Foundation Trust but no longer holds funds for this NHS Trust, which is supported by The Children’s Hospital Charity.
At the Balance Sheet date, there were 14 charities registered with the Charity Commission under the umbrella registration of Sheffield Hospitals Charity. These are listed on pages 20 – 23.
The Charity has a Board of Trustees and two Sub-Committees:
- Finance and Performance
- Grant Investment
11 | Sheffield Hospitals Charity Annual Report 2022-23
## **Trustees**
The Directors of the Charitable Company are its Trustees for the purpose of charity law.
The Trustees meet regularly to review the Charity’s affairs, to review the management of the properties, investment portfolio and other funds, to agree the allocation of grant funding within the objectives and to consider and approve plans for fundraising and income generation. Decisions of the Trustees are informed by professional advisors in relation to the property, investments and research grants awarded.
The Trustees during the year 2022/23 were **:**
## **Adrian Stone***
## **Chair**
Adrian joined KPMG in 1984 and was a partner in the firm for over 20 years. He held various leadership roles within the partnership including UK Head of Audit and was a member of the UK Executive Committee. He retired from KPMG in September 2018. He is a Pro Chancellor at the University of Sheffield, a Board member of Sheffield Mutual, a locally based friendly society and chair of the Audit Committee at York Minster.
## **John O’Kane – resigned 29 September 2022**
John joined the Board in October 2015. He is an experienced Finance Director and has been involved in managing change in a number of companies. He worked as Group Finance Director at Redhall Group, Jarvis, Ecobat Technologies, Peterhouse Group and Kelda Group. He is also a Non-Executive Director on the Sheffield Teaching Hospitals NHS Foundation Trust Board.
## **Beverley Webster**
Beverley is currently a Director and shareholder of Malacynski Burn, investment consultants and was previously Deputy Chair of Chesterfield Royal Hospital and Chair of Chesterfield Hospital Charity. She has run her own business throughout her career and has been President of the Association of British Mining Equipment Companies and Chair of the UK Coal Association. Beverley was awarded an OBE for services to the coal industry. She is currently Chair of the UK Career Ready Advisory Board to Longley Park Sixth Form College in Sheffield.
## **Mohammed Mahroof**
Mahroof is Head of Property & Estates at North East Derbyshire District Council. He has an in-depth knowledge of Public Sector Property and Asset Management and has been involved in many major private sector and local authority projects. Mahroof is Liberal Democrats Councillor for Graves Park Ward and is Chair of Audit Standards as well as being Spokesperson for Education, Families & Children.
## **Iolanthe Fowler**
Iolanthe has worked as a GP in Sheffield since 2000 and has been Clinical Director for Integrated Community Care at STH since 2015. Over the years Iolanthe has combined clinical sessions in general practice with a range of other activities, such as teaching and training, curriculum development, minor surgery, and out of hours clinical sessions. Iolanthe is a practising coach. Iolanthe has been involved in several projects involving the wider health and social care community context such as the Prime Minister’s challenge fund and is now workstream lead for Long Term Conditions in the Sheffield Accountable Care partnership. Iolanthe strongly advocates for integrated whole person “What matters to you?” approaches in the delivery of care.
## **Natalie Jones**
Nat Jones is an Occupational Therapist with over 28 years of experience working in the NHS, and twentythree years working in stroke and neurological specialities at Sheffield Teaching Hospitals Trust. Nat has a Masters Degree in Clinical Research and is currently in the final stages of a PhD titled ‘Breakfast Group Interventions in Stroke Rehabilitation. This year she has been awarded a Royal College of Occupational Therapy Merit award for excellence in professional leadership and research and she has also been nominated for a NHS England Chief Allied Health Professions Officer award for research impact. She is known nationally
Sheffield Hospitals Charity Annual Report 2022-23 | 12
for her research on novel digital technology development, research impact tools and stroke rehabilitation. She teaches at both Sheffield Universities and holds leadership positions in the wider integrated care system.
## **Helen Brown**
Helen has 35 years’ experience in nursing, 25 of which were spent in Sheffield. Now retired, Helen has held senior nursing roles in a number of specialities in Sheffield Teaching Hospitals NHS Foundation trust. Helen has a Master’s degree in Health & Social Care Leadership & Management and brings a wealth of knowledge and understanding of patient services throughout the Trust.
## **Rob Ghosh**
Rob is a Consultant Physician and Geriatrician and is Trust deputy Medical Director. Prior to this he was Clinical Director for Geriatric and Stroke Medicine since 2015. He is also Clinical Lead for Dementia – a role he has held since 2012. Rob is the Vice Chair of the charity.
## **Steven Matthews***
Steven is an experienced Finance Director and has undertaken a variety of assignments during the previous 10 years through his consultancy company, Foureleven Business Solutions Limited. His recent clients include companies operating in the transport, recruitment and engineering distribution industries. Prior to this he held senior finance roles in companies involved in the manufacture of glass lighting components, security fencing and diamond cutting tools.
## **Chris Morley**
Chris joined Sheffield Teaching Hospitals NHS Foundation Trust as Chief Nurse in October 2018. He has previously held a number of leadership roles in healthcare governance, patient safety and nursing management. Chris possesses a BMedSci in Professional Nursing Studies from the University of Sheffield and an MSc in Health and Social Care Leadership from Sheffield Hallam University. He was the Chair of the Association of United Kingdom University Hospitals Deputy Nurse Director Group between September 2016 and October 2017.
## **Amy Tingle**
Amy has a wealth of experience in the corporate, HR and third sector and currently works as a HR & Business Director for City Taxis, the largest firm of its kind in the region. Prior to this Amy was a founding partner of her own recruitment company and also an Interim Director / Trustee for the charity Neurocare, which is now part of Sheffield Hospitals Charity.
* also Director of SHCT Trading Ltd.
## **Recruitment, appointment and induction of Trustees**
Trustees are recruited by public advertisement and all candidates are subject to selection and interview prior to appointment. Upon appointment new Trustees are given a full induction and are issued with a Trustee Information Handbook containing details of the Charity, advisers, fellow Trustees and staff, governing document and powers, details of the individual registered charities and their size and copies of relevant Charity Commission publications. Training courses are held periodically and Trustees attend a range of external events relevant to their role, including conferences and seminars organised by NHS Charities Together, of which the Charity is a member.
13 | Sheffield Hospitals Charity Annual Report 2022-23
## **Senior Management Team**
During the year the Senior Management Team employed by Sheffield Hospitals Charity included:
Gareth Aston – to 30 March 2023 Chief Executive
Chris Anthony – to 30 June 2023 Director of Finance and Business Process (also Director of SHCT Trading Ltd and Neurocare Ltd)
## **Administrative structure**
The Trustees have established the following committees to monitor, in more detail, aspects of the Charity and make recommendations to the Board of Trustees. In addition to the membership set out below, other attendees are invited for specific agenda items as appropriate. The Charity has an effective system for managing properly conflicts of interests.
## **Finance and Performance Sub-Committee**
The Finance and Performance Sub-Committee meets four times a year and is empowered to consider all matters of financial and information governance, strategy, planning and performance, including internal and external audit and the performance of the investment portfolio of the Charity.
## _**Membership:**_
Steven Matthews (Sub-Committee Chair) Trustee
Adrian Stone Trustee
Chris Anthony – to 30 June 2023 Director of Finance and Business Process
Gareth Aston – to 30 March 2023 Chief Executive
## _**In attendance - by invite as required**_ :
Matthew Beddall and Dominic Watson Investment Managers, Investec Wealth and Investment Limited
Sheffield Hospitals Charity Annual Report 2022-23 | 14
## **Grant Investment Sub-Committee**
The Grant Investment Sub-Committee meets six times per year, every other month, during January, March, May, July, September and November. The Committee has the delegated authority to make grant investment decisions for awards between £5,000 and £500,000.
## _**Membership:**_
Chris Morley (Chair)* Chris Anthony – to 30 June 2023 Chief Nurse & Trustee Director of Finance and Business Process Julie Wright (Joint Deputy Chair)* Gareth Aston – to 30 March 2023 Deputy Director of Finance Chief Executive
Paul Buckley* Deputy Director of Strategy and Planning Iolanthe Fowler Helen Brown Trustee Trustee Rob Ghosh Trustee
## _**In attendance:**_
Shasta Ashraf Jenna Settle (to 20 January 2023) Grants Manager Hospital Engagement and Impact Manager
*Representatives of Sheffield Teaching Hospitals NHS Foundation Trust
## **Grant making policy**
The Charity makes grants from its unrestricted and restricted funds. Many of the funds are earmarked for particular wards or specialties. These are overseen by Fund Advisers who can commit expenditure up to £5,000 under delegated powers.
Expenditure between £5,000 and £500,000 requires the approval of the Grant Investment Sub-Committee. For expenditure over £500,000 the approval of the full Board of Trustees in meeting is required.
15 | Sheffield Hospitals Charity Annual Report 2022-23
## **Reserves policy**
At the year end the charity held total funds of £14.3 million.
Included in this total are:
- **Permanent endowment funds: £1.5 million**
These are funds where the capital is held in perpetuity and invested to generate income; only the income can be spent for a specific purpose. These funds are excluded from reserves.
- **Restricted funds: £6.4 million**
These are funds that are subject to legal restriction and do not form part of the free reserves. These funds cover all clinical areas of the NHS organisations and the Charity is working actively to ensure they are utilised in a timely manner for public benefit.
- **Designated funds: £3.1 million**
These are funds where the income has been received/designated for a specific ward, clinical condition or area and are earmarked for future spending; these funds are excluded from free reserves. These funds cover all clinical areas of the NHS organisations and the Charity is working actively to ensure they are utilised in a timely manner for public benefit.
The trustees consider the remaining unrestricted funds of £3.3 million to be the charity’s free reserves.
The Trustees aim to retain a sum of up to £1.5 million to cover potential unrestricted grant making and overhead expenditure for a period of twelve months. They recognise their obligation to ensure that income received by the Charity should be spent effectively and promptly in accordance with the funds’ objects. The charity free reserves have historically been used to support large capital appeals and charitable investment within the NHS in Sheffield; the continued lack of availability of such projects continues to impact on the charity’s ability to give grants of significant value.
All other accumulated reserves are regularly reviewed as part of the development of longer-term expenditure policies and plans. In addition, all earmarked funds are routinely monitored in order to identify and review dormant balances.
## **Investment powers**
The investment powers of the Trustees are set out in the Articles of Association dated 11 October 2016.
## **Investment policy and performance**
The Trustees’ investment policy is to protect income from inflationary increases while maintaining capital growth in excess of the movement in the All Share Index in respect of the equity content of the portfolio. Through ESG screening, conducted by Investec (the Charity’s Investment Managers), the Trustees take measures to ensure that investments are as ethical as is practical in the context of complex, international business ownership and subsidiaries. Specifically, the Charity seeks to exclude investment in any part of the tobacco industry or pornography industry.
The Investment Managers were granted discretionary management powers by the Trustees in January 2001. The total value of the investment portfolio at 31 March 2023 was £13.4 million and its performance had broadly equalled the various benchmarks set.
Sheffield Hospitals Charity Annual Report 2022-23 | 16
## **Risk statement**
The trustees have a risk management strategy which comprises:
- a six-monthly review of the principal risks within the Risk Register and uncertainties that the Charity faces;
- the establishment of policies, systems, procedures and actions to mitigate those risks identified; and
- • the implementation of procedures designed to minimise or manage any potential impact on the Charity should those risks materialise.
Significant areas of risk for the Charity, following the implementation of suitable controls, include:
- major downward fluctuations in investment values. The Charity employs professional investment managers and the Finance and Performance Committee reviews investment performance on a quarterly basis. Investment strategy and policy are reviewed regularly and the Charity reviews its Investment Policy Annually.
- reduction in legacy income. The Charity has developed and implemented a Legacy Strategy and has also developed new fundraising products to mitigate reduced income from this source including the Sheffield Hospitals Lottery.
In all areas of risk the level of controls were reviewed and enhanced as far as possible. The Trustees will continue to review the risks on a six-monthly basis and take appropriate steps to ensure that risks are mitigated.
## **Pay policy for senior staff**
Historically all Charity staff were employees of Sheffield Teaching Hospitals NHS Foundation Trust and were fully seconded to the Charity. All staff were, therefore, subject to the terms and conditions of service set out in the Agenda for Change framework for all staff directly employed by NHS organisations. The provisions of Agenda for Change negotiated nationally determined terms and conditions of all staff within the Charity.
Following the transfer of all staff to the direct employment of the charity on 1 April 2017 those staff employed under Agenda for Change retain the same terms and condition as protected by TUPE.
For all senior staff employed post 1 April 2017 the trustees assess and set remuneration based on the following principles:
- Ability to attract staff of the right calibre and experience.
- Ability to retain such staff.
- Affordability within the Charity’s financial resources.
Salaries and conditions are considered in the context of the local market and our Reward Policy. There is no commitment to increase salaries or improve conditions on an annual basis. The Trustees look to balance affordability and the need to remain competitive.
## **Delegated authority**
The Trustees have established a clear Scheme of Delegation which sets down the authority delegated by the Trustees of the Charity to the CEO. It supplements the job description for the CEO and addresses a number of areas more specific to delegation to facilitate fully accountable, effective and efficient management of the Charity.
17 | Sheffield Hospitals Charity Annual Report 2022-23
## **Trading subsidiaries**
Sheffield Hospitals Charity is the sole shareholder of a trading company, SHCT Trading Ltd (company number 6219138). Two Trustees and the Director of Finance and Business Process of the Charity act as Directors of the company, as noted above.
Its accounts and annual returns are filed with Companies House and it trades at the Northern General Hospital.
Neurocare (1997) Charitable Trust is the sole shareholder of a trading company, Neurocare Ltd (company number 02402212). The Director of Finance and Business Process of the Charity acts as a Director of the company, as noted above.
Its accounts and annual returns are filed with Companies House. On 21 June 2023 we made an application to Companies House to strike the company off the register.
Sheffield Hospitals Charity Annual Report 2022-23 | 18
## Advisors
## **Bankers**
The Royal Bank of Scotland P.O. Box 52 5 Church Street Sheffield S1 1HF
## **Investment Advisers**
Investec Wealth and Investment Limited Beech House 61 Napier Street Sheffield S11 8HA
## **External Audit, Accountancy and Tax advice**
BHP LLP, Statutory Auditor Chartered Accountants 2 Rutland Park Sheffield S10 2PD
## **Legal Advisors**
Bhayani HR and Employment Law 59 Shoreham Street Sheffield S1 4SB
19 | Sheffield Hospitals Charity Annual Report 2022-23
## Objects
The objects and powers of the Charity are set out in the Articles of Association dated 11 October 2016. Under the terms of the governing document, the Trustees can use the unrestricted funds to promote, protect, preserve and advance all or any aspects of the health and welfare of the public.
There are also various special purpose charities that reflect a particular hospital or bequest. Within these charities are numerous designations for individual wards or specialties. These special purpose charities come under the umbrella of Sheffield Hospitals Charity.
## **The Charities**
Sheffield Hospitals Charity is registered with the Charity Commission under the single Registered Number 1169762. At the Balance Sheet date, there were 14 charities registered with the Charity Commission under the umbrella registration of Sheffield Hospitals Charitable Trust and related charities:
- **Sheffield Hospitals Charitable Trust** _**Registered Charity No. 1169762-1**_
- Formerly known as the Sheffield Health Authority Charitable Fund, the governing document is a Declaration of Trust dated 18 September 1996 as amended by Supplemental Deeds dated 15 November 2005 and 25 August 2011 and a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘for the public benefit: (a) to further any charitable purpose or purposes relating to the general or any specific purposes of Sheffield teaching hospitals NHS foundation trust, Sheffield health and social care NHS foundation trust and Sheffield children's NHS foundation trust or the purposes of the health service (as described in section 1 of the NHS act 2006 or any statutory modification of that section); and (b) to promote, protect, preserve and advance all or any aspects of the health and welfare of the public.’
- **Sheffield Teaching Hospitals Charity** _**Registered Charity No. 1169762-2**_
This Charity is governed by Schemes of the Charity Commissioners dated 9 April 2001, 22 July 2011 and 29 March 2017.
Its objects are ‘for any charitable purposes for the general or any specific purposes of the Sheffield Teaching Hospitals NHS Foundation Trust, or for any purposes relating to the health service.’
- **Sheffield Health and Social Care NHS Foundation Trust Charity** _**Registered Charity No. 1169762-3**_
Formerly known as the Community Health Sheffield Charity and the Sheffield Care Trust charity, the charity is governed by Schemes of the Charity Commissioners dated 9 April 2001, 22 July 2011 and 29 March 2017.
Its objects are ‘any charitable purposes for the general or any specific purposes of the Sheffield Health and Social Care NHS Foundation Trust, or for any purposes relating to the health service’
Sheffield Hospitals Charity Annual Report 2022-23 | 20
- **Sheffield Children’s National Health Service Trust Charity**
## _**Registered Charity No. 1169762-4**_
Formerly known as Sheffield Children’s Hospital Charity, the charity is governed by Schemes of the Charity Commissioners dated 9 April 2001, 22 July 2011 and 29 March 2017.
Its objects are ‘any charitable purposes for the general or any specific purposes of the Sheffield Children's NHS Foundation Trust, or for any purposes relating to the health service.’
## • **Weston Park Hospital Staff Development Fund** _**Registered Charity No. 1169762-5**_
Formerly known as the George Blomfield Research and Travel Trust, the governing document is a Declaration of Trust dated 31 January 1997 as amended by a Supplemental Deed dated 18 February 1998 and Charity Commission Scheme dated 29 March 2017.
Its objects are ‘for the relief of sickness at the Weston Park Hospital by promoting the efficient performance of their duties in treating cancer patients by the staff at that hospital.’
- **Head Injuries Unit Charity**
## _**Registered Charity No. 1169762-6**_
The governing document is a Declaration of Trust dated 31 January 1997 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘for any charitable purpose or purposes relating to the National Health Service wholly or mainly for the Head Injuries Unit, Sheffield.’
## • **Cancer Research Charity** _**Registered Charity No. 1169762-7**_
The governing document is a Declaration of Trust dated 31 January 1997 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘for any charitable purpose or purposes principally (but not exclusively) at or in connection with the Weston Park Hospital, which will further the following aims: a) the investigation of the causes of cancer and the prevention, treatment, cure and defeat of cancer in all its forms; b) the advancement of scientific and medical education and research in topics related to cancer; c) the furtherance of any other charitable purposes for the relief of persons suffering from cancer.’
- **Royal Hallamshire Hospital Arthritis Fund**
## _**Registered Charity No. 1169762-8**_
The governing document is the will dated 5 May 1983 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘(a) the diagnosis, assessment and treatment of serious mental disorders and behaviour problems in children including autistic and dysphasic children and the support and purchase of clinical equipment for the disorders mentioned above (b) the treatment of arthritis and (c) the provision of kidney machines.’
21 | Sheffield Hospitals Charity Annual Report 2022-23
- **Sheffield Children’s Hospital and Jessop Wing Care and Research Fund** _**Registered Charity No. 1169762-9**_
The governing document is the will proved on 22 October 1986 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘for the provision of research carried out at the Jessop Hospital for Women and Sheffield Children’s Hospital and for the provision of extra comforts for the patients of the said hospitals or either of them including gifts of clothing or additional medical or surgical appliances on leaving the said hospitals or either of them.’
## • **Thomas Blow Patients’ Amenities Fund**
## _**Registered Charity No. 1169762-10**_
The governing document is a scheme dated 29 August 1997 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘in providing additional comforts, services and facilities not readily available from other sources for patients at the Royal Hallamshire Hospital in the city of Sheffield.’
- **J Sinclair White Trust**
## _**Registered Charity No. 1169762-11**_
The governing document is a scheme dated 15 December 2004 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘the relief of sickness at and through the institutions (being any hospital or service provided by NHS bodies the charitable funds of which are administered by the Trustees) by promoting the efficient performance of their duties by the nursing staff employed at or by the institutions and in particular, but without limitation to assist financially or otherwise nursing staff in necessitous circumstances, whether they are currently or were previously employed by the institutions.’
- **Royal Hallamshire Hospital Rheumatology Fund**
## _**Registered Charity No. 1169762-12**_
The governing document is the will proved on 7 June 2000 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘for any charitable purpose or purposes relating to the National Health Service wholly or mainly for the Rheumatology department at the Royal Hallamshire Hospital, Sheffield.’
## • **Sheffield Kidney Research Foundation** _**Registered Charity No. 1169762-13**_
The governing document is a Declaration of Trust dated 6 April 2011 and amended by a Charity Commission Scheme dated 29 March 2017.
Its objects are ‘to promote the relief of suffering and to further medical science by carrying out research on the kidney with the particular emphasis on the presentation and treatment of kidney related diseases and to disseminate the results of such research and new developments in the field through publications and the presentation of work at meetings, courses and conferences.’
Sheffield Hospitals Charity Annual Report 2022-23 | 22
- **Neurocare (1997) Charitable Trust**
## _**Registered Charity No. 1169762-14**_
The governing document is a Declaration of Trust dated 30 May 1997 and amended by a Charity Commission linking order dated 8 September 2017.
Its objects are: 1) ‘the preservation and protection of health through the purchase of equipment or services directly or indirectly of benefit to persons with disease or injury of the nervous system treated at the North Trent Institute of neuroscience currently based at the Royal Hallamshire Hospital; service or equipment of a routine or recurring nature may be purchased at the discretion of the trustees; 2) the provision of financial assistance to medical, nursing and other staff involved in patient care to enable them to observe and participate in all techniques and research worldwide, likely to benefit persons with disease or injury of the nervous system. 3) the support of such other purposes which are charitable according to the law of England and Wales as trustees shall from time to time decide’
23 | Sheffield Hospitals Charity Annual Report 2022-23
## Financial statements for the year ended
## 31 March 2023
The accounts of the funds held on trust by the Trustees appointed as stated below:
## **Foreword**
The Trustees present their report and the audited financial statements of the Charitable Group for the year ended 31 March 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Charity. The Trustees’ Report serves the purpose of both a Trustees’ Report and the Directors’ Report under Company Law.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charity’s governing document, 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 in October 2019.
Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.
## **Statutory Background**
The Sheffield Hospitals Charity’s charitable funds held on trust are registered with the Charity Commission and include funds in respect of the following organisations:
- Sheffield Teaching Hospitals NHS Foundation Trust – consisting of the Northern General, Royal Hallamshire, Jessop Wing, Weston Park and Charles Clifford Dental hospitals
- Sheffield Health and Social Care NHS Foundation Trust
- Sheffield Children’s NHS Foundation Trust – includes the Sheffield Children’s Hospital
- NHS Sheffield Clinical Commissioning Group – the successor to the Sheffield Primary Care Trust
## **Main purpose of the funds held on trust**
The main purpose of the charitable funds held on trust is to apply income for any charitable purpose to promote, protect, preserve and advance all or any aspects of the health and welfare of the public.
Sheffield Hospitals Charity Annual Report 2022-23 | 24
## Trustees’ responsibilities statements
The Trustees (who are also directors of Sheffield Hospitals Charity for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the parent charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently.
- Observe the methods and principles in the Charities SORP 2019 (FRS102).
- Make judgements and estimates that are reasonable and prudent.
- State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the Trustees are aware:
- There is no relevant audit information of which the charitable company’s auditor is unaware.
- • The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and establish that the auditor is aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
By order of the Trustees
Signed: Adrian J Stone (Oct 13, 2023 09:40 GMT+1) Adrian Stone Chair 12 September 2023
25 | Sheffield Hospitals Charity Annual Report 2022-23
## Independent auditor’s report
Independent auditor’s report to the Members and Trustees of Sheffield Hospitals Charity
## **Opinion**
We have audited the financial statements of Sheffield Hospitals Charity (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- Give a true and fair view of the state of the group’s and parent charitable company’s affairs as at 31 March 2023, and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended.
- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
- Have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 trustees' 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 group and parent 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.
Sheffield Hospitals Charity Annual Report 2022-23 | 26
## **Other information**
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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 there is 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 the audit:
- The information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements.
- The directors’ report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:
- Adequate and sufficient accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us.
- The parent charitable company’s financial statements are not in agreement with the accounting records and returns.
- Certain disclosures of directors’ remuneration specified by law are not made.
- We have not received all the information and explanations we require for our audit.
- The trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.
27 | Sheffield Hospitals Charity Annual Report 2022-23
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 25 the trustees (who are also the directors of the parent 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 group and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor responsibilities for the audit of the financial statements**
We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance in accordance with those Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
- We identified the laws and regulations applicable to the charity through discussions with management and trustees, and from our knowledge and experiences of the sector.
- We focussed on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including Charities Act 2011, Companies Act 2006, GDPR, employment and health and safety legislation.
- We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management
- Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the group and parent charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;
- Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud.
- Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
Sheffield Hospitals Charity Annual Report 2022-23 | 28
To address the risks of fraud through management bias and override controls, we:
- Performed analytical procedures to identify any unusual or unexpected relationships.
- Tested journal entries to identify unusual transactions.
- Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias.
- Investigated the rationale behind significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- Agreeing financial statement disclosures to underlying supporting documentation.
- Reading the minutes of meetings of those charged with governance.
- Enquiring of management as to actual and potential litigation and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees’ and other management.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
**----- Start of picture text -----**
Adrian Staniforth (Oct 17, 2023 12:16 GMT+1)
**----- End of picture text -----**
Adrian Staniforth (Senior Statutory Auditor) For and on behalf of BHP LLP, Statutory Auditor 2 Rutland Park Sheffield S10 2PD Oct 17, 2023 ………………………………………………….2023
29 | Sheffield Hospitals Charity Annual Report 2022-23
## Consolidated Statement of financial activities (Including Income & Expenditure Account) for the year ended 31 March 2023
|Note
**Income and endowments from:**
Donations and legacies
3.1
Charitable activities
3.2
Other trading activities
3.3
Investments
3.4
Other income
3.5
Total Income
Expenditure on:
Raising funds
4.1
Charitable activities
4.2
Total Expenditure
Net (losses)/gains on investments
6
Net income
Transfers between funds
10.4
**Net movement in funds**
10
Reconciliation of funds
Total funds brought forward
10
**Total funds carried forward**
10|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£000
£000
£000
727
520
-
21
419
-
850
64
-
293
316
-
19
-
-|2023
2022
Total
Total
Funds
Funds
£000
£000
1,247
2,153
440
511
914
1,030
609
561
19
48|
|---|---|---|
||**1,910**
**1,319**
**-**|**3,229**
4,303|
||713
247
-
698
1,714
-|960
803
2,412
2,796|
||**1,411**
**1,961**
**-**|**3,372**
3,599|
||(634)
(389)
(57)|(1,080)
779|
||(135)
(1,031)
(57)
(1,144)
1,144
-|(1,223)
1,483
-
-|
||**(1,279)**
**113**
**(57)**|**(1,223)**
1,483|
||7,682
6,319
1,505|15,506
14,023|
||**6,403**
**6,432**
**1,448**|**14,283**
15,506|
All income and expenditure derives from continuing activities.
The statement of financial activities complies with the requirements for an income and expenditure account under Companies Act 2006 and includes all gains and losses recognised during the year.
Sheffield Hospitals Charity Annual Report 2022-23 | 30
## Balance sheets as at 31 March 2023
|Note
Fixed Assets
Tangible assets
5
Investments
6
Current Assets
Stock
7
Debtors
8
Cash at bank and in hand
Creditors: Amounts falling due within
one year
9.1
Net Current Liabilities
Total Assets less Current Liabilities
Creditors: Amounts falling due after more
than one year
9.2
Total Net Assets
Funds
Endowment funds (incl. revaluation
reserve £226k (2022: £259k))
10.1
Restricted income funds (incl.
revaluation reserve £931k (2022:
£1,834k))
10.2
Unrestricted funds (incl. revaluation
reserve £1,773k (2022: £2,520k))
10.3
Total Funds|Group
Group
2023
2022
£000
£000
181
201
14,983
16,112|Charity
Charity
2023
2022
£000
£000
181
201
14,983
16,112|
|---|---|---|
||15,164
16,313|15,164
16,313|
||4
6
377
180
2,238
2,056|-
-
380
186
2,235
2,053|
||2,619
2,242|2,615
2,239|
||2,630
2,484|2,629
2,482|
||(11)
(242)|(14)
(243)|
||||
||15,153
16,071|15,150
16,070|
||870
565|870
565|
||14,283
15,506|14,280
15,505|
||1,448
1,505
6,432
6,319|1,448
1,505
6,432
6,319|
||7,880
7,824
6,403
7,682|7,880
7,824
6,400
7,681|
||14,283
15,506|14,280
15,505|
The notes at pages 34 - 60 form part of these accounts.
The charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements. The deficit of the Trust is £1,225k (2022: Surplus £1,483k).
The financial statements were approved and authorised for issue by the trustees on 12 September 2023 and signed on their behalf by:
Adrian Stone
Chair Adrian J Stone (Oct 13, 2023 09:40 GMT+1)
Company registration number: 10422654
31 | Sheffield Hospitals Charity Annual Report 2022-23
## Consolidated Statement of cash flows for the year ended 31 March 2023
|ar ended 31 March 2023||
|---|---|
|Net income for the year
(as per the statement of financial activities)
Adjustments for:
Depreciation
Losses / (Gains) on investments
Dividends, interest and rents from investments
Decrease in stock
(Increase) / Decrease in debtors
Increase in creditors
Net cash flow (used in) / provided by operating activities
Cash flow from investing activities:
Dividends, interest and rents from investments
Proceeds from sale of investments
Purchase of investments
Net cash flow provided by / (used in) investing activities
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
Analysis of cash and cash equivalents
Cash in hand
Cash and cash equivalents at 31 March 2023|2023
2022
£000
£000
(1,223)
1,483
20
20
1,080
(779)
(609)
(561)
2
5
(197)
58
451
144|
||(476)
370|
||609
561
2,589
1,757
(2,540)
(2,558)|
||658
(240)|
||182
130
2,056
1,926|
||2,238
2,056|
||2,238
2,056|
||2,238
2,056|
Sheffield Hospitals Charity Annual Report 2022-23 | 32
## Analysis of changes in net debt
|Cash at bank and in hand
Analysis of cash and cash equivalents
Cash in hand|At 1 April
2022
£000|Cash
Flows
£000|At 31 March
2023
£000|
|---|---|---|---|
||2,056|182|2,238|
|||2023
2022
£000
£000||
|||2,238
2,056||
33 | Sheffield Hospitals Charity Annual Report 2022-23
## Notes to the accounts
## **1 Accounting policies**
## **1.1 General information and basis of preparation**
Sheffield Hospitals Charity is a charity and company limited by guarantee registered in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The Charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £000.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.2 Group accounting policy**
The financial statements consolidate the accounts of Sheffield Hospitals Charity and all of its subsidiary undertakings (‘subsidiaries’). The results of the subsidiaries are consolidated on a line by line basis.
The company had taken advantage from the exemption contained within section 408 of the Companies Act 2006 not to present its own statement of financial activities in these financial statements.
The income and expenditure account for the year dealt with within the accounts of the company was (£1,225k) (2022 – £1,483k).
## **1.3 Income recognition**
All incoming resources are included in full in the Statement of Financial Activities as soon as the following three factors can be met:
- i. entitlement - when control over the rights or other access to this economic benefit has passed to the charity;
- ii. probable - it is more likely than not that the economic benefits associated with the transaction or gift will flow to the charity;
- iii. measurement - the monetary value or amount of income can be measured reliably, and the costs incurred for the transactions and to complete the transactions can be measured reliably.
- **Gifts in kind**
- Donated goods are included in income at the estimated value of the gift to the charity when received, based on the amount that the charity would have been prepared to pay had it been required to purchase them, with a corresponding entry in the appropriate expenditure heading for the same amount.
Sheffield Hospitals Charity Annual Report 2022-23 | 34
- **Legacies**
- Receipt of a legacy is recognised when it is probable that it will be received. Receipt is normally probable when there has been grant of probate; the executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy; and any conditions attached to the legacy are either within the control of the charity or have been met.
## • **Income from endowment funds**
- Under the terms of the endowments, income other than investment gains or losses are restricted and are allocated to the appropriate restricted fund.
- **Income from trading activities**
- Includes income earned from fundraising events and trading activities to raise funds for the charity. Income is exchanged for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.
## **1.4 Expenditure recognition**
The funds held on trust accounts are prepared in accordance with the accruals concept. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party.
- **Cost of raising funds**
- The costs of raising funds are the costs associated with generating income for the funds held by the charity. This will include the costs associated with fund raising, trading activity, portfolio management and property management.
- **Grants payable**
- Grants payable are payments made to third parties (including NHS bodies) in the furtherance of the charitable objectives which are to relieve those who are sick. They are accounted for on an accruals basis where the conditions for their payment have been met or where a third party has a reasonable expectation that they will receive the grant. This includes grants paid to NHS bodies.
- **Governance costs**
These are accounted for on an accruals basis and represent the costs incurred in the organisational administration and compliance with constitutional and statutory requirements. This will include appropriate proportions of salary costs from the following trusts:
- Sheffield Teaching Hospitals NHS Foundation Trust
- Sheffield Children's NHS Foundation Trust
- Sheffield Health and Social Care NHS Foundation Trust
- **Allocation of overhead and support costs**
- Overhead and support costs have been allocated between costs of raising funds and expenditure on charitable activities. Costs which are not wholly attributable to an expenditure category have been apportioned. The analysis of support costs and the basis of apportionment applied are shown in note 4.3. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
## **1.5 Structure of funds**
Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts 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 Trustees have chosen to earmark for set purposes are designated funds.
The major restricted funds held are disclosed in note 10.2 and major designated funds are disclosed in note 10.3.
35 | Sheffield Hospitals Charity Annual Report 2022-23
## **1.6 Fixed assets**
## _**Capitalisation**_
All assets falling into the following categories are capitalised:
- tangible assets which are capable of being used for more than one year and have a cost equal to or greater than £5,000;
- groups of tangible fixed assets which are interdependent or would normally be provided or replaced as a group with a total value in excess of £5,000 and an individual value of £250 or more.
## _**Valuation**_
Tangible fixed assets are stated at cost less depreciation.
## _**Depreciation**_
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
||Years|
|---|---|
|Office and IT equipment|5|
|Leasehold improvements|15|
## **1.7 Fixed asset investments**
Fixed asset investments are shown at fair value at the Balance Sheet date.
- Property assets are not depreciated but are shown at market valuation. Full valuations, including site visits, are carried out by a professional valuer at five yearly intervals. The last such valuation was carried out during March 2020. Between valuations, the trustees make a best estimate of fair value based on available market data.
- Quoted stocks and shares are included in the Balance Sheet at mid-market price, ex-div.
## **1.8 Realised and unrealised gains and losses**
All gains and losses are taken to the Statement of Financial Activities as they arise and allocated to the relevant fund. 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).
Sheffield Hospitals Charity Annual Report 2022-23 | 36
## **1.9 Apportionment**
Items of income and expenditure are apportioned on a quarterly basis to qualifying funds, as follows:
- Dividends, investment gains / (losses) and investment management expenses are allocated to funds in direct proportion to that fund's share of the total investment portfolio at the quarter end.
- Bank interest is allocated to funds in direct proportion to that fund's share of the total bank balance at the quarter end.
- Management costs are allocated to funds in direct proportion to the average balance of the fund in the quarter as a proportion of the total average balances.
The apportionment process is managed through individual control funds for each linked charity which sit alongside the underlying funds.
## **1.10 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.
## **1.11 Tax**
The Charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **1.12 Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.
## **1.13 Provisions**
Provisions are recognised when the Charity has an obligation at the Balance Sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably measured.
## **1.14**
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short-term maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.15 Stock**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
37 | Sheffield Hospitals Charity Annual Report 2022-23
## **1.16 Employee Benefits (Incl. Pensions)**
The charity operates two pension schemes, a defined benefit scheme for employees TUPED from the Sheffield Teaching Hospitals NHS Trust on 1 April 2017 and a defined contribution scheme for employees employed post 1 April 2017.
The defined benefit NHS Pension Scheme is an unfunded scheme therefore contributions to both schemes are expensed as they become payable.
## **1.17 Leases**
Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease.
## **1.18 Judgements and key sources of estimation uncertainty**
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.
## _**Critical accounting estimates and assumptions:**_
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
- **Support costs allocation**
- Allocation of support costs is estimated based on resources used as detailed in note 4.3. Apportionment of costs is detailed in note 1.9 above.
Sheffield Hospitals Charity Annual Report 2022-23 | 38
## **2 Detailed statement of financial activities for the year ended 31 March 2022**
|Note
**Income and endowments from:**
Donations and legacies
3.1
Charitable activities
3.2
Other trading activities
3.3
Investments
3.4
3.5
Total Income
Expenditure on:
Raising funds
4.1
Charitable activities
4.2
Total Expenditure
Net gain on investments
6
Net income
Transfers between funds
**Net movement in funds**
Reconciliation of funds
Total funds brought forward
**Total funds carried forward**
10|Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£000
£000
£000
458
1,695
-
63
448
-
980
50
-
267
294
-
48
-
-|2022|
|---|---|---|
|||Total|
|||Funds|
|||£000|
||||
||||
|||2,153|
|||511|
|||1,030|
|||561|
|||48|
||**1,816**
**2,487**
**-**|**4,303**|
||581
222
-
1,058
1,738
-||
||||
||||
|||803|
|||2,796|
||**1,639**
**1,960**
**-**|**3,599**|
||456
284
39||
||||
|||779|
||||
||633
811
39
(233)
233
-|1,483|
||||
|||-|
||||
||||
||**400**
**1,044**
**39**|**1,483**|
||7,282
5,275
1,466||
||||
||||
|||14,023|
||||
||**7,682**
**6,319**
**1,505**|**15,506**|
All income and expenditure derives from continuing activities.
The statement of financial activities includes all gains and losses recognised during the year.
39 | Sheffield Hospitals Charity Annual Report 2022-23
## **3 Details of income**
## **3.1 Income from donations and legacies**
|Donations
Legacies
Gifts in kind
Total|Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
586
219
-
**805**
**701**
141
301
-
**442**
**822**
-
-
-
**-**
**630**|
|---|---|
||727
520
-
**1,247**
**2,153**|
## **3.2 Charitable activities**
|Grants received
Total|Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
21
419
-
**440**
**511**|
|---|---|
||21
419
-
**440**
**511**|
## **3.3 Other trading activities**
|
Income from the provision of education
and training
Fundraising events
SHCT Trading Ltd
SHC Lottery
Other
Total|Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
31
13
-
**44**
**35**
41
51
-
**92**
**126**
56
-
-
**56**
**50**
720
-
-
**720**
**817**
2
-
-
**2**
**2**|
|---|---|
||850
64
-
**914**
**1,030**|
Sheffield Hospitals Charity Annual Report 2022-23 | 40
## **3.4 Investments**
## _**Analysis of gross income from investments**_
|Rental income
Listed investments
Interest on short term deposits
Total|Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
-
104
-
**104**
**107**
288
212
-
**500**
**453**
5
-
-
**5**
**1**|
|---|---|
||293
316
-
**609**
**561**|
## **3.5 Other income**
|Coronavirus Job Retention Scheme
Sheffield City Council - local authority
COVID support
Other income
Total|Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
-
-
-
**-**
**14**
-
-
-
**-**
**4**
19
-
-
**19**
**30**|
|---|---|
||19
-
-
**19**
**48**|
41 | Sheffield Hospitals Charity Annual Report 2022-23
## **4 Details of expenditure**
## **4.1 Raising funds**
|Staff costs
Fundraising costs
Investment Manager’s fees
SHC Lottery costs
Retail costs
Support costs (_see note 4.3)_
Total|Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
179
112
-
**291**
**232**
143
34
-
**177**
**59**
31
19
-
**50**
**50**
189
-
-
**189**
**193**
33
-
-
**33**
**26**
138
82
-
**220**
**243**|
|---|---|
||713
247
-
**960**
**803**|
## **4.2 Charitable activities**
## _**Grants payable 2023**_
|Patients welfare and amenities
Staff welfare and amenities
Staff training
Research
Capital equipment
Building work
Training course running costs
NHSCT Stage 2 Community Grants
Gifts in kind
Support costs (_see note 4.3)_
Total|Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
167
279
-
**446**
**635**
60
74
-
**134**
**510**
23
67
-
**90**
**15**
65
727
-
**792**
**333**
32
8
-
**40**
**49**
115
50
-
**165**
**(1)**
33
-
-
**33**
**24**
-
370
-
**370**
**298**
-
-
-
**-**
**630**
203
139
-
**342**
**303**|
|---|---|
||698
1,714
-
**2,412**
**2,796**|
Sheffield Hospitals Charity Annual Report 2022-23 | 42
## _**Grants made to institutions**_
|_Name of recipient:_
Sheffield Teaching Hospitals NHS Foundation Trust
Sheffield Health and Social Care NHS Foundation Trust
Total|**2023**
**2022**
**£000**
**£000**
**1,977**
**2,472**
**3**
**10**|
|---|---|
||**1,980**
**2,482**|
## _**Grants made to individuals**_
|Study leave grants
Total|Number
81|**2023**
**2022**
**£000**
**£000**
**90**
**11**|
|---|---|---|
|||**90**
**11**|
## **4.3 Allocation of support costs and overheads**
Support costs are directly allocated to charitable activities and raising funds where they are wholly attributable to those headings. The balance is then allocated between activities using the following bases:
- Time: based on the best estimate of the time spent on each function by departmental members.
- Department: based on the best estimate of the time spent on each function by the Charitable Funds department as a whole.
- Grant making: the resource allocated to grant making (staff and disbursements).
43 | Sheffield Hospitals Charity Annual Report 2022-23
## _**Analysis of expenditure**_
|Staff costs
Hospital administration
Audit and accountancy
Department site charges
Insurance premiums
Legal fees
Computer maintenance and IT
systems
Staff training
Bank charges
Printing and stationery
Recruitment
Depreciation
Cash collection fees
NHS Stage 2 admin fee
Staff relocation
Cleaning
Miscellaneous
Total
**_Support cost allocation summary_**
Charitable activities
Raising funds
Total|Charitable
Raising
2023
2022
Basis of
Activities
Funds
Total
Total
Apportionment
£000
£000
£000
£000
£000
201
134
335
317
Time
46
-
46
36
Grant making
19
1
20
14
Grant making
17
17
34
42
Department
3
3
6
6
Grant making
-
7
7
36
Department
15
15
30
9
Department
-
3
3
7
Department
1
1
2
2
Department
1
4
5
3
Department
3
4
7
13
Department
10
10
20
20
Department
-
13
13
11
Department
23
-
23
24
Department
(4)
(4)
(8)
-
Department
4
4
8
-
Department
3
8
11
6
Actual
342
220
562
546
Unrestricted
Restricted
Endowment
**2023**
**2022**
Funds
Funds
Funds
**Total**
**Total**
£000
£000
£000
**£000**
**£000**
203
139
-
**342**
**303**
138
82
-
**220**
**243**|
|---|---|
||341
221
-
**562**
**546**|
Sheffield Hospitals Charity Annual Report 2022-23 | 44
**5 Tangible assets**
## **Group and company**
|Total tangible fixed assets
Balance at 1 April 2022
Additions
Balance at 31 March 2023
Accumulated depreciation
Balance at 1 April 2022
Charge for the year
Balance at 31 March 2023
Net book value at 31 March 2023
Net book value at 31 March 2022|Leasehold
improvements
Office and IT
equipment
Total
£000
£000
£000
301
20
**321**
-
-
**-**|
|---|---|
||301
20
**321**|
||100
20
**120**
20
-
**20**|
||120
20
**140**|
|||
||181
-
**181**|
|||
||201
-
**201**|
45 | Sheffield Hospitals Charity Annual Report 2022-23
**6 Investments**
## **Group and company**
## _**Fixed asset investments**_
|Market value at 1 April
Disposals at carrying value
Acquisitions at cost
Net gain on revaluation
**Market Value at 31 March**
Historic cost at 31 March|Investment
Investments
Cash held as
Properties
listed on the
part of investment
Stock Exchange
Portfolio
£000
£000
£000
1,600
14,250
262
-
(1,235)
(1,354)
-
1,305
1,235
-
(1,080)
-|**2023**
**2022**
**Total**
**Total**
**£000**
**£000**
**16,112**
**14,532**
**(2,589)**
**(1,757)**
**2,540**
**2,558**
**(1,080)**
**779**|
|---|---|---|
||**1,600**
**13,240**
**143**|**14,983**
**16,112**|
||||
||860
11,048
143|**12,051**
**11,499**|
## _**Market value at 31 March**_
|Investment properties
Investments listed on Stock Exchange
Cash held as part of the investment portfolio
Total|Held in UK
£000
1,600
13,240
143|2023
2022
Total
Total
£000
£000
1,600
1,600
13,240
14,250
143
262|
|---|---|---|
||14,983|14,983
16,112|
## **Investment Properties**
Investment properties were subject to independent professional valuation by Mark Jenkinson & Son during March 2020. The valuations have been performed on an open market basis. Mark Jenkinson & Son were paid market value for the work undertaken.
Sheffield Hospitals Charity Annual Report 2022-23 | 46
## **7 Stock**
|
Stock of goods for resale|**Group**
**Group**
**Charity**
**Charity**
**2023**
**2022**
**2023**
**2022**
**£000**
**£000**
**£000**
**£000**
4
6
-
-|
|---|---|
||4
6
-
-|
All stock held is for resale.
## **8 Debtors**
|Amounts falling due within one year:
Prepayments
Accrued income
Other debtors|**Group**
**Group**
**Charity**
**Charity**
**2023**
**2022**
**2023**
**2022**
**£000**
**£000**
**£000**
**£000**
29
24
29
24
141
156
141
156
207
-
210
6|
|---|---|
||377
180
380
186|
47 | Sheffield Hospitals Charity Annual Report 2022-23
## **9 Creditors**
## **9.1 Amounts falling due within one year**
|Accruals
Other tax and social security
Other creditors
Deferred income|Group
Group
Charity
Charity
2023
2022
2023
2022
£000
£000
£000
£000
2,531
2,368
2,530
2,366
24
21
24
21
75
75
75
75
-
20
-
20|
|---|---|
||2,630
2,484
2,629
2,482|
## **9.2 Amounts falling due after more than one year**
|Accruals
Total creditors falling due after more
than one year
Total creditors
**eferred income**
**Group and Charity**
Balance at 1 April 2022
Released in the year
Amount deferred in the year
Balance at 31 March 2023|Group
Group
Charity
Charity
2023
2022
2023
2022
£000
£000
£000
£000
870
565
870
565|
|---|---|
||870
565
870
565|
|||
||3,500
3,049
870
3,047|
||**£000**
20
(20)
-|
## **9.3 Deferred income**
Deferred income relates to income received in advance of fundraising events to be held in the following year.
Accruals falling due within one year are £921k (2022: £722k) for unrestricted funds, and £1,610k (2022: £1,646k) for restricted funds.
Accruals falling due after more than one year are £98k (2022: £62k) for unrestricted funds, and £772k (2022: £503k) for restricted funds. This relates to charitable grants to be drawndown in future years.
Sheffield Hospitals Charity Annual Report 2022-23 | 48
## **10 Funds of the Charity**
## **Group and company**
## **10.1 Endowment funds**
|Balance
1 April
2022
£000
J Sinclair White
835
Thomas Blow
670|Income
Expenditure
Transfers
Gains
and losses
£000
£000
£000
£000
-
-
-
(27)
-
-
-
(30)|**Balance**
**31 March**
**2023**|
|---|---|---|
|||**£000**|
||||
||||
|||**808**|
|||**640**|
|2023 Total
1,505|-
-
-
(57)|**1,448**|
|Balance
1 April
2021
£000
J Sinclair White
817
Thomas Blow
649|Income
Expenditure
Transfers
Gains
and losses
£000
£000
£000
£000
-
-
-
18
-
-
-
21||
|||**Balance**
**31 March**
**2022**|
|||**£000**|
||||
||||
|||**835**|
|||**670**|
|2022 Total
1,466|-
-
-
39|**1,505**|
Name of fund **Description of the nature and purpose of each fund** Promoting the efficient performance of their duties by the nursing staff employed at the J Sinclair White Institutions. To assist financially or otherwise nursing staff in necessitous circumstances whether currently or previously employed by the Institutions. For the provision of comforts, services and facilities not readily available from the other Thomas Blow sources for patients at the Royal Hallamshire Hospital.
49 | Sheffield Hospitals Charity Annual Report 2022-23
## **10.2 Restricted funds**
|Sheffield Teaching Hospitals
Cancer Research
J Sinclair White
Sheffield Children’s Hospital and
Jessop Wing Care and Research Fund
(formerly Ellen Webster)
Sheffield Kidney Research Association
Thomas Blow
Head Injuries Unit
Sheffield Hospitals Charitable Trust
George Blomfield
Royal Hallamshire Hospital
Rheumatology Fund (formerly Jean
Margaret Woodhead)
Sheffield Health and Social Care Trust
Royal Hallamshire Hospital Arthritis
fund (formerly Ida Siddall)
Neurocare
NHS Charities Together
NHS Charities Together – Stage 2
NHS Charities Together –
Development Grant
2023 Total|Balance
1 April
2022
Income
Expenditure
Transfers
£000
£000
£000
£000
4,545
571
(1,006)
1,044
178
29
(57)
-
99
48
(10)
-
99
3
(6)
-
66
27
14
-
310
50
-
-
325
35
(35)
-
22
8
(116)
100
50
1
(13)
-
29
-
-
-
3
-
-
-
10
-
-
-
435
147
(353)
-
115
-
17
-
33
370
(394)
-
-
30
(2)
-|Gains
and losses
£000
(334)
(15)
-
(8)
(5)
-
-
-
(4)
-
-
-
(23)
-
-
-|**Balance**
**31 March**
**2023**|
|---|---|---|---|
||||**£000**|
||||**4,820**|
||||**135**|
||||**137**|
||||**88**|
||||**102**|
||||**360**|
||||**325**|
||||**14**|
||||**34**|
||||**29**|
||||**3**|
||||**10**|
||||**206**|
||||**132**|
||||**9**|
||||**28**|
||6,319
1,319
(1,961)
1,144|(389)|**6,432**|
Sheffield Hospitals Charity Annual Report 2022-23 | 50
|Sheffield Teaching Hospitals
Cancer Research
J Sinclair White
Sheffield Children’s Hospital and
Jessop Wing Care and Research Fund
(formerly Ellen Webster)
Sheffield Kidney Research Association
Thomas Blow
Head Injuries Unit
Sheffield Hospitals Charitable Trust
George Blomfield
Royal Hallamshire Hospital
Rheumatology Fund (formerly Jean
Margaret Woodhead)
Sheffield Health and Social Care Trust
Royal Hallamshire Hospital Arthritis
fund (formerly Ida Siddall)
Neurocare
NHS Charities Together
NHS Charities Together – Stage 2
Gifts in kind
2022 Total|Balance
1 April
2021
Income
Expenditure
Transfers
£000
£000
£000
£000
3,646
1,091
(666)
232
206
14
(53)
-
53
46
-
-
95
4
(6)
-
71
8
(17)
-
263
47
-
-
325
35
(35)
-
28
1
-
(7)
48
2
(3)
-
28
1
(2)
-
4
-
(1)
-
9
-
-
-
251
243
(74)
-
248
-
(141)
8
-
365
(332)
-
-
630
(630)
-|Gains
and losses
£000
242
11
-
6
4
-
-
-
3
2
-
1
15
-
-
-|**Balance**
**31 March**
**2022**|
|---|---|---|---|
||||**£000**|
||||**4,545**|
||||**178**|
||||**99**|
||||**99**|
||||**66**|
||||**310**|
||||**325**|
||||**22**|
||||**50**|
||||**29**|
||||**3**|
||||**10**|
||||**435**|
||||**115**|
||||**33**|
||||**-**|
||5,275
2,487
(1,960)
233|284|**6,319**|
51 | Sheffield Hospitals Charity Annual Report 2022-23
|**Name of fund**|**Description of the nature and purpose of each fund**|
|---|---|
|**Sheffield Teaching Hospitals**|Anycharitablepurpose relatingto the Sheffield TeachingHospitals.|
||Investigation of the causes of cancer, advancement of scientific education and research in|
|**Cancer Research**|cancer, relief for persons suffering from cancer, primarily, but not exclusively, at Weston Park|
||Hospital.|
||Promoting the efficient performance of their duties by the nursing staff employed at the|
|**J Sinclair White**|Institutions. To assist financially or otherwise nursing staff in necessitous circumstances,|
||whether currently or previously employed by the Institutions.|
|**Sheffield Children’s Hospital and**||
|**Jessop Wing Care and Research**|Research and patients' comforts at the Jessop Wing and Sheffield Children's.|
|**Fund(formerly Ellen Webster)**||
|**Sheffield Kidney Research**|To promote the relief of suffering and to further medical science by carrying out research on|
|**Association**|the kidney.|
|**Thomas Blow**|For the provision of comforts, services and facilities not readily available from other sources for
patients at the Royal Hallamshire Hospital.|
|**Head Injuries Unit**|Anycharitablepurpose relatingto the Head Injuries Unit.|
|**Sheffield Hospitals**
**Charitable Trust**|Any charitable purpose relating to hospital services.|
|**George Blomfield**|Relief of sickness at the Weston Park Hospital.|
|**Royal Hallamshire Hospital**
**Rheumatology Fund (formerly**
**Jean Margaret Woodhead)**|Any charitable purpose relating to the Rheumatology department at the Royal Hallamshire
Hospital.|
|**Sheffield Health**
**and Social Care Trust**|Any charitable purpose relating to the Sheffield Health and Social Care Trust.|
|**Royal Hallamshire Hospital**|The diagnosis, assessment and treatment of serious mental disorders and behaviour problems|
|**Arthritis Fund (formerly Ida**|in children including autistic and dysphasic children and the purchase and support of clinical|
|**Siddall)**|equipment for the above. The treatment of arthritis. The provision of kidney machines.|
|**Neurocare**|Anycharitablepurpose relatingto Neuroscience.|
|**NHS Charities Together**|Stage 1 and Stage 3 funding provided by NHS Charities Together to support staff and patient
health and wellbeingduringthe COVID 19pandemic|
|**NHS Charities Together – Stage 2**|Stage 2 funding provided byNHS Charities Together to support community projects|
|**NHS Charities Together –**
**Development Grant**|Development Grant received to cover internal development costs pf the charity|
|**Gifts in kind**|Gifts in kind donated to support NHS staff|
Sheffield Hospitals Charity Annual Report 2022-23 | 52
## **10.3 Unrestricted and designated funds**
|Unrestricted funds
Sheffield Hospitals Charity General Fund
Total unrestricted funds
Material designated funds
Sheffield Teaching Hospitals Charity Reserve
Designated Capital fund
Royal Hallamshire General
Neonatology Fund
Haematology General Fund
Palliative Care Unit
Sheffield Health and Social Care Trust
Other designated funds (136)|Balance
1 April
2022
Income
Expenditure
Transfers
£000
£000
£000
£000
3,561
1,212
(864)
(277)|Gains
and losses
£000
(292)|**Balance**
**31 March**
**2023**|
|---|---|---|---|
||||**£000**|
|||||
||||**3,340**|
||3,561
1,212
(864)
(277)|(292)|**3,340**|
||727
158
(280)
-
201
-
(20)
-
336
8
-
(337)
124
34
(24)
-
111
28
(21)
-
277
-
-
(277)
116
32
(21)
-
2,229
438
(181)
(253)|(333)
-
-
-
-
-
(9)
-||
|||||
||||**272**|
||||**181**|
||||**7**|
||||**134**|
||||**118**|
||||**-**|
||||**118**|
||||**2,233**|
|Total designated funds|4,121
698
(547)
(867)|(342)|**3,063**|
|||||
|2023 Total unrestricted and designated
funds|7,682
1,910
(1,411)
(1,144)|(634)|**6,403**|
|Unrestricted funds
Sheffield Hospitals Charity General Fund
Total unrestricted funds
Material designated funds
Sheffield Teaching Hospitals Charity Reserve
Designated Capital fund
Royal Hallamshire General
Neonatology Fund
Haematology General Fund
Palliative Care Unit
Sheffield Health and Social Care Trust
Other designated funds (142)|Balance
1 April
2021
Income
Expenditure
Transfers
£000
£000
£000
£000
3,188
1,012
(604)
(242)|Gains
and losses
£000
207|**Balance**
**31 March**
**2022**|
|---|---|---|---|
||||**£000**|
|||||
||||**3,561**|
||3,188
1,012
(604)
(242|207|**3,561**|
||581
141
(237)
-
221
-
(20)
-
336
4
(4)
-
108
42
(26)
-
108
25
(22)
-
265
36
(24)
-
102
23
(16)
-
2,373
533
(686)
9|242
-
-
-
-
-
7
-||
|||||
||||**727**|
||||**201**|
||||**336**|
||||**124**|
||||**111**|
||||**277**|
||||**116**|
||||**2,229**|
|Total designated funds|4,094
804
(1,035)
9|249|**4,121**|
|||||
|2022 Total unrestricted and designated
funds|7,282
1,816
(1,639
(233)|456|**7,682**|
53 | Sheffield Hospitals Charity Annual Report 2022-23
The Trustees have set a closing balance of £100,000 or above as the threshold for reporting material designated funds.
In the interests of accountability and transparency a complete breakdown of all designated and earmarked funds is available upon written request.
|Name of fund|**Description of the nature and purpose of each fund**|
|---|---|
|Sheffield Teaching Hospitals
Charity Reserve|Designated for any charitable purpose at the Sheffield Teaching Hospitals NHS FT.|
|Designated Capital Fund|Designated for capital expenditure|
|Royal Hallamshire General|Designated for any charitable purpose at the Royal Hallamshire Hospital.|
|Neonatology Fund|Designated for any charitable purpose relating to Neonatology.|
|Haematology General Fund|Designated for any charitable purpose relating to Haematology.|
|Palliative Care Unit|Designated for any charitable purposes relating to the Palliative Care Unit.|
|Sheffield Health and Social
Care Trust|Any charitable purpose relating to the Sheffield Health and Social Care Trust.|
## **10.4 Transfers between funds**
Transfers identified in note 10.3 reflect the earmarking of grants awarded by the Trustees and the unearmarking of grants previously made which are no longer required, together with the consolidation of various previous reserves funds within Sheffield Teaching Hospitals NHS Foundation Trust.
Sheffield Hospitals Charity Annual Report 2022-23 | 54
## **11 Staff costs**
The average monthly number of employees and full time equivalent (FTE) during the year was as follows:
|Raising funds
Governance
Total|**2023**
**2023**
**2022**
**2022**
**Number**
**FTE**
**Number**
**FTE**
11
9
14
11
4
3
3
3|
|---|---|
||15
12
17
14|
The total staff costs and employee benefits were as follows:
|Salaries and wages
Social security costs
Defined benefit pension costs
Defined contribution pension costs
Total|2023
2022
£000
£000
534
468
56
44
27
29
9
8|
|---|---|
||626
549|
The Charity had one staff member receiving remuneration in the range £60,000 - £70,000 and one member of staff receiving remuneration between £80,000 - £90,000 during the year. (2022 – one £60,000 - £70,000 and one between £70,000 - £80,000).
During the year the Charity made contractual termination payments totalling £Nil (2022: £1,590 relating to one employee).
The senior management team of the Charity were considered to be the Chief Executive and the Director of Finance and Business Process. The costs of these key management personnel charged to the Charity in the period were:
||2023|2022|
|---|---|---|
||£000|£000|
|Salaries and wages|155|141|
|Social security costs|20|17|
|Pension costs|9|12|
|Total|184|170|
55 | Sheffield Hospitals Charity Annual Report 2022-23
## **12 Contingencies**
There are no contingent gains or losses not included in the accounts.
## **13 Commitments, liabilities and provisions**
## **13.1 Grant commitments**
The trusts have the following commitments:
||2023|
2022|
|---|---|---|
||£000|
£000|
|Research projects|-|
-|
|Charitable projects|-|
-|
|Total|-|
-|
The Trustees recognise liabilities in the accounts once they have incurred either a legal or constructive obligation to expend funds.
Creditors of £3,401k (2022 £2,933k) have been included in this set of accounts. These are considered to be a legal or constructive obligation because commitments have been made to fund research projects, salaries and approved non-recurrent expenditure which can be reliably estimated. Invoices have been received and settled since the Balance Sheet date for remaining items in the total.
Of this figure, £1,306k (2022 £843k) relates to grants payable on research projects and £2,095k (2022 £2,090k) on capital items and non-recurrent expenditure.
## **13.2 Capital commitments**
At 31 March 2023 the charity had no capital commitments. (2022: £nil)
## **14 Operating leases**
Total future minimum lease payments under non-cancellable operating leases are as follows:
|Not later than one year
Later than one and not later than five years
Later than five years
Total|2023
2022
£000
£000
11
11
-
-
-
-|
|---|---|
||11
11|
Operating lease payments during the year £35,000 (2022: £35,000).
Sheffield Hospitals Charity Annual Report 2022-23 | 56
## **15 Trustee and connected persons transactions**
## **15.1 Trustee expenses reimbursed**
No trustees received any reimbursement for expenses during the year. (2022: None)
## **15.2 Trustee remuneration**
No Trustees received any remuneration in the current or previous accounting period. (2022: None)
## **15.3 Trustee indemnity insurance**
|_Description of cover:_
Personal Indemnity Insurance to a maximum
of £1,000,000 per annum
Total|2023
2022
£
£
1,334
1,334|
|---|---|
||1,334
1,334|
## **16 Related party transactions**
During the year none of the Trustees or members of the key management staff or parties related to them has undertaken any transactions with the Sheffield Hospitals Charity.
## **Transactions with subsidiary undertakings**
## _**SHCT Trading Ltd**_
During the year the Sheffield Hospitals Charity made payments totalling £51,127 (2022: £43,224) on behalf of SHCT Trading Ltd and received amounts totalling £54,990 (2022: £49,513). At the yearend £2,797 (2022: £6,660) was due from SHCT Trading Ltd.
57 | Sheffield Hospitals Charity Annual Report 2022-23
## **17 Subsidiary companies**
## **17.1 SHCT Trading Ltd - company registration number 06219138**
SHCT Trading Ltd is a wholly owned trading subsidiary.
The results of the subsidiary are summarised below:
|Turnover
Cost of sales
Gross profit
Administration
Net profit
**Current assets**
Stocks
Debtors
Cash at bank and in hand
**Current liabilities**
Other creditors
Net current assets
**Capital and reserves**
Called up share capital
Profit & loss reserves
Shareholders’ funds|2023
2022
£
£
56,164
49,612
(20,885)
(20,975)|
|---|---|
||35,279
28,637
(31,345)
(27,363)|
||3,934
1,274|
||2023
2022
£
£
4,231
6,500
-
100
3,502
3,502|
||7,733
10,102|
||3,797
8,826|
||3,936
1,276|
||2
2
3,934
1,274|
||3,936
1,276|
Sheffield Hospitals Charity Annual Report 2022-23 | 58
**17.2 Neurocare Ltd – company registration number 02402212**
Neurocare Ltd is a wholly owned trading subsidiary of Neurocare (1997) Charitable Trust, as a result of the Charity Commission linking Neurocare Ltd is consolidated into these accounts.
Neurocare Ltd was dormant during the year. At 31 March 2023, it had net assets and shareholder funds of £2. (2022: £2)
## **18 Analysis of net assets between funds**
|Fixed Assets
Cash and current investments
Other current assets
Other current liabilities
Creditors more than one year
Fixed Assets
Cash and current investments
Other current assets
Other current liabilities
Creditors more than one year|Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£000
£000
£000
6,211
7,503
1,448
1,014
1,226
-
296
85
-
(1,022)
(1,608)
-
(96)
(774)
-|**2023**
**Total**|
|---|---|---|
|||£000|
||||
|||**15,162**|
|||**2,240**|
|||**381**|
|||**(2,630)**|
|||**(870)**|
||||
||6,403
6,432
1,448|**14,283**|
||Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£000
£000
£000
7,474
7,334
1,505
1,042
1,014
-
63
123
-
(835)
(1,649)
-
(62)
(503)
-|**2022**
**Total**
£000
**16,313**
**2,056**
**186**
**(2,484)**
**(565)**|
||7,682
6,319
1,505|**15,506**|
59 | Sheffield Hospitals Charity Annual Report 2022-23
## **19 Pensions**
## **19.1 Defined benefit pension scheme**
The charity obtained a NHS Pension Scheme Direction, effective from the 1 April 2017, allowing all employees at that date to retain membership of the NHS Pension Scheme.
The scheme is an unfunded, defined benefit scheme accounted for as a defined contribution scheme. The latest assessment of the liabilities of the scheme is contained in the report of the scheme actuary, which forms part of the annual NHS Pension Scheme Accounts. These accounts can be viewed on the NHS Pensions website and are published annually. Copies can also be obtained from The Stationery Office. The full actuarial funding valuation’s purpose is to assess the level of liability in respect of the benefits due under the schemes (taking into account recent demographic experience), and to recommend contribution rates payable by employees and employers. The latest actuarial valuation undertaken for the NHS Pension Scheme was completed as at 31 March 2016. The actuarial valuation as at 31 March 2020 is currently underway and will set the new employer contribution rate due to be implemented from April 2024.
Employer contribution rates are 14.38%. The amount recognised as an expense in the year is £26,986 (2022: £29,371).
## **19.2 Defined contribution pension scheme**
For all staff members employed after 1 April 2017 the charity operates a defined contribution pension plan. The amount recognised in the year was £9,613 (2022: £8,169).
Sheffield Hospitals Charity Annual Report 2022-23 | 60
Final Audit Report 2023-10-17
## SHC Annual Report Accounts March 2023
Created: 2023-09-15 By: Laura Green (laura.green@bhp.co.uk) Status: Signed Transaction ID: CBJCHBCAABAA8-JPbwYA1WSn1CcCrlZEHO1YzxP46eme
## "SHC Annual Report Accounts March 2023" History
Document created by Laura Green (laura.green@bhp.co.uk)
2023-09-15 - 1:41:56 PM GMT- IP address: 81.23.52.242
Document emailed to adrian@stonesathome.plus.com for signature
2023-09-15 - 1:43:44 PM GMT
## Email viewed by adrian@stonesathome.plus.com
2023-10-13 - 8:38:23 AM GMT- IP address: 86.149.100.66
Signer adrian@stonesathome.plus.com entered name at signing as Adrian J Stone 2023-10-13 - 8:40:15 AM GMT- IP address: 86.149.100.66
## Document e-signed by Adrian J Stone (adrian@stonesathome.plus.com)
Signature Date: 2023-10-13 - 8:40:17 AM GMT - Time Source: server- IP address: 86.149.100.66
Document emailed to Adrian Staniforth (dominic.staniforth@bhp.co.uk) for signature 2023-10-13 - 8:40:20 AM GMT
Email viewed by Adrian Staniforth (dominic.staniforth@bhp.co.uk)
2023-10-17 - 11:15:55 AM GMT- IP address: 110.239.222.10
Document e-signed by Adrian Staniforth (dominic.staniforth@bhp.co.uk)
Signature Date: 2023-10-17 - 11:16:33 AM GMT - Time Source: server- IP address: 81.23.52.242
## Agreement completed.
2023-10-17 - 11:16:33 AM GMT