University Hospitals Bristol & Weston Charity (formerly Above & Beyond) BRISTOL & WESTON HOSPITALS ¢HARiT¥ University Hospitals Bristol & Weston Charity (Formerly Above & Beyond) Working name: Bristol & Weston Hospitals Charity Report and Accounts for the Year Ended 31 March 2021 University Hospitals Bristol & Weston Charlly Company Number: 10394287 Registered Charity Number= 1170973 Registered Office: Suite C. 6 Floor, Whitefriars. Lewns Mead, Bristol BS12NT situated in England and Wale Universty Hospitsls Bristol & Weston Charty (formerly Above & Beyond) Summa of Contents Contents Page No. Chairman and Chief Exe¢utlve's Foreword Trustees, Report About Univ8rsity Hospitals Bristol & Weston Charity StTUCture, Governan￿ and Management Future Plans -2021122 and beyond 13 The Charty's Impact 14 Post Balance Sheet Evenls 15 Trustees, Responsibilities in Relation lo the Financial Slalernents 17 Further Charity Infomation 18 University Hospitals Bristol & Weston Charity {fomerly Above & Beyond) CHAIRMAN AND CHIEF EXECUTIVE'S FOREWORD The last 12 months has seen an unprecedented situation throughout the UK, leading lo a wde range of challenging, difficult and unpredictable circumstances for everybody. The coronavirus pandemic has reSu￿ed in signwFieanl structural changes to society. behavior and in particular the way in which our NHS has had to adapt to deliver care. Our 2020 12021 annual report and accounts reflect some of these challenges, the Impact on our normal fundraising activities and highlight the positive ways we have adapted to support patients and staff at University Hospitals Brislol and Weston NHS Foundation Trust {UHBWI. Like many charities, we had to transition to a virtual fundraising strategy almosl ovemight, as almost all traditional events and fijndraising activities were cancelled. Our staff team also had to adapt to remote working and create virtual forums for supporter engagement and collaboration with our colleagues at UHBW. We would like to say thank you to all the charity's staff, volunteers and Trustees, who literally went above and beyond during this lim8 to maintain our support and operational activities. Despite the extremely challenging environment th8 charity found itself in, we were still able to support and progress a number of important projects. Following the successful Covid Appeal in the late Summer 2020, we launched a new appeal, Bristol Against Cancer lo re118Ct the importance of this disease area and the impact it ha5 across 811 areas within the hospitals we support. We have also recruite(J 15 new charity champions from within UHBW slaff, who work dosely with us to identify opportunities for support, collaboration and act as ambassadors for th8 winder staff group. The charity supported the development of the Ozaki heart valve procedure, an Innovation which improves the patient experience, with less operations and reduced waiting limes. Funding was also secured for a vein finder for the children's hospital. The acu-vein fi'nder is Used in Ocean Ward and helps wtth the treatment of young patients wtth cancer. Despite multiple k¢kdowns and significant restriction to our normal fundraising activities, many individuals and groups found a way to continue to support their city centre hospitals, from riding around the block to complete the same distance for Bristol to Paris, to completing virtual marathons, taking the sk challenge and an array of other virtual fundraising evenls. To all of our supporters. friends, colleagues 2nd families, we give our heartfeit thanks. Without your conlinu8d supportwe could not support our NHSIUHBW colleagues. At the start of the pandemic, NHS Charities Together INHSCT}, a membership body that supports 240 NHS charities a￿0$$ the UK, swiftly responded lo the outpouring of support and mpassion for frontline NHS staff and the siluation they were facing. Inspired by Captain Sir Tom Moore, the organisation has raised over £150m to date. A significant proportion of this has been shared as grants lo members of NHSCT, which includes University Hospitals Bristol & Weston Charity. In conjunction with UHBW, we agr8ed to underwrite a significant ￿0-year wellbeing support project available to all of th8 Twsl's 13,000 staff, offering enhanc8d psychological support, peer support, health and wellbeing advice and access lo a wide range of resources not available wilhin normal NHS budgets. This resource has been accessed by many hundreds of gtaff and continues to receive very positive feedback and thanks. University Hospitals Bristol & Weslon Charity (formerly Above & Beyond} We are pleased lo see the arnazing success ofthe vaccine programme has meant some retum to normality from the Summer of 2021. We have also been able to restart some fundraising activities and have more physical engagement within the hospitals precinct. We look forward to engaging once more with our UHBW colleagues In Identifying the areas of greatest need. to enhance patient care. support our amazing NHS colleagues and continue to support worfd- class innovation. Chrls Monk Chairman Paul Kearney Chief Executive 3a/ University Hospitals Bristol & Weslon Charity (formedy Above & Beyond) TRUSTEES REPORT University Hospitals Bristol & Weston Charity is the official hospital charity that raises funds for all Brislol's cty centre and Weston hospitals, supportln9 patients from Bristol, Weston and across the South West. The Charity SUPFQrts the work of University Hospitals Bristol & Weston NHS Foundation Trust which indudes.. 8rlslol Royal Infirmary Bristol Royal Hospital for Children Bristol Heart InslitLrte St. Michael's Hospital Bristol Haematology & Oncology Centre Bristol Eye Hospital Bristol Dental Hospital South Bristol Community Hospital Centr81 Health Clinic Weston G8neral H05pilal Isince 1st OGlober 2021 see Note 22), and Olher community services through.. Bristol Health Partners Our Mlssion We exist to help our hospitals and their stsff to do even more to treat and care for patient8. We push the limits of what is possible wher8 th8 NHS 15 unable to, going above and beyond. We do this by.. Partnering with our wonderful Bristol and Weston Communities lo fundraise and raise as much as we can together,. whether that's palienls, local businesses. trusts and foundations. Working with our partner NHS Trust, UHBW, to fund the things which matter most to patients and staff. OurWi$ion Working in partnership with UHBW, our vision is k)r 8very patient cared for by our hospitals lo have access to outstanding treatment, in hospital environments which match the first class care they receive from NHS staff. University Hospitals Bristol & Weston Charity (formedy Above & Beyond) Trustees Dr Christopher Monk (Chairman) Mr Lee Aston Mr Steven Bluff Mr Steve Campling Mrs Jane Dean (Chair of Audit Committee) Mrs Deidre FO￿er {appointed 28 July 2021 } Mr James Fox Dr William Oldfield {resigned 28 July 20211 Mrs Jane Palmer Mr Peter Scott (Vice Chair) Committees Audlt Committee Mrs Jang D9an, (Chair) Mr James Fox Mr Lee Aston The Charity's Professional Advisors Logal advlsors: Lyons Davidson. Bristol BDB Pitmans LLP, London Moore Kingston Smith LLP, London Cazenove Capital, London Alder King, Bristol Auditors: Stockbrokers: LandlPToperty agents: Legal Structure On 1 October 2018. the Charity was incorporated as an independent charty, solely regulated by the Charity Commission and no longer subject to NHS legislation. The entire undertakin95 of The Charitable Tnjsls for University Hospitals Bristol Ithe 'Old Charity'} were transferred to a new charitable company limited by guarantee and registered with Companies House {registered company number 10394287} and wth the Charty Commission for England and Wales (registered charity number 1170973) (the 'Charity'l. The objects of the charity are set out in its goveming document, th8 Articles of Association of Ihe company dated 26 September 2016.They encompass not only to support the patients of University Hospilal Bristol and Weston NHS Foundation Trust and the ￿MMunity health services associated with it but also, and more generally, the wider national health service and for the relief of sickness and the preservation of health and social welfare of people living in the United Kingdom. Trustee5 The Charity has an independent Board (currently nine Trustees). Trustees are also known as Directors and are r8gislered as such at Companies House. The minimum number of Trustees shall be three and the maximum number twelve. Any person who is willing lo act as a Trustee, and is permitted by law lo do so, may be appointed to be a Trustee by Ordinary Resolution, or by a simple majority of all Ihe Trustees entitled to allend and vote at any meeting of the Trustees. In the Deed of Understanding between University Hospitals Bristol and Weston NHS Foundation Trust and University Hospitals Bristol & Weston Charify, it was agreed that ono of these Trustees would be a representative from the Trust. Thls posltlon was filled by the Medical Director, Dr William Oldfi81d. University H¢)spitals Bristol & Woslon Charity (formerly Above & Beyond) Trustee vacancies are wKlely advertised and successful candidates are appointed for a te of foLtr years at the end of which they will retire. A person retiring from office shall be eligible for re-appointment. No Trustee shall serve for a consecutive period of more than eight years save in exceptional circumslances and with the approval of al least two thirds of the other Trustees. All new Trustees are given appropriate induction on their rèsponsibilities. and University H05Pltals Bristol & Weston Charity is committed lo offering training and development for Trustees. At Iheir first meeting, the Trustees elected a Chairperson and Vice-chairman from among thelr number. The period for which Ihey are to hold office is determined on appointment. The current Chairperson has been appointed for a period of three years. Th8 Trustees meet every two months. Charily governancè code During the year the charity completed a Charity Governance Code review which was fully discussed at the 7 June 2021 Audit Committee.11 identified areas of eviden￿ lo support the review and good governance, with some minor areas for further improvement and follow up action. AdminSstrative Information The Trustees receive and administer the charitable funds for the Hospitals, Wards and Departments of Universty H05Pita15 Bristol & Weston and its associated bodies as well as for the benefit of the patients in the wider National Health SeNice. They maintain a policy that any support provided musl be capable of being sustained from charitable funds. It is not part of their responsibilities to subsidise the cfft services that are propedy the responsibility of the NHS. Organisation Structure The Trustees have overall re5ponslblllty for the Charity and its decision-making. The Trustees particularfy focus on d8V8loping 2nd 2gr&eing the organisation's strategy, holding the management.team to account for Ils Implementstion and for significanl areas of the Charity's grant-making. The Charity has one 100°k subsidiary, Education Centre Management Limited (company number 04026846), whose principal activity is the management of the Education Centre, a facility for the provision of medlcal training in Bristol. There ar8 Ihr8e members of the management team, Chief Executive, Dir8clor of Finance & Operations and Director of Fundraising & Development, who oversee the running of the Charity. rnaking 811 operational decisions. The Trustees review each year a soheme of delegation, which ensuros that both Trustees and management understand their responsibilities. Management Team Chief Executive: Paul Kearney Director of Flnance & Operations.. Lisa Gardner until June 2021 Finance Director linterlm): Wictoria FitzGerald from July 2021 Director of Fundralslng & Development- Julie Worrall until October 2020 Interim Dlrector of Fundraising & Marketlng: Katie Walker from October 2020 University Hospitals Bristol & Weston Charity {formedy Above & Beyond) Employees At 31 March 2021, the Charity had 27 part and full time staff positions. Past and present employees employed by the 'Old Charity, are covered by the provisions of the NHS pension scheme. Employees since the 1 Ortober 2018 are covered by a direct contribution scheme. Volunteers Our fantastic volunteers donaled 3,700 hours of their time through a range of activities including working al our Fundraising Hub, attending events, coordinating collections and office volunteering Staff remuneration The Trustees consider all staff remuneration in the same way on an annual basis. Their pay policy allows for an annual cost of living increase. which is benchmarked against the volunt8ry s8ctor. In addition. they review and benchmark all rolès either when it needs to be recruited or as required. This is done by an independent exlemal HR adviser. The Trustees also consider pay ratios in the Charity and benchmark it against what is appropriate for the size of organisalion and its nature of work. They believe that a multiple of 1-.4 is appropriate for a Charity of this size. All Trustees give their tirTre freely and no Trustee reMUneral￿n was paid in the year. Details of Trustee expenses are disclosed in note 8 to the Accounts. Grant Maklng The Charity's officers may approve expenditure up lo £1,000 that the relevant fund adviser has signed off. Above that amount, prior approval must be sought which can be given by the Chief Executive and Director of Finance & Operalions up to a limit of £5,(lQO, the Chaiman up to £10,000 and above that approval must be sought at a formal meeting of th8 Trustees. Funds held on trust by the Trusleos Unrestrided General Purpose Funds These are funds held for general purposes. The Trustees have the freedom to use them at th8ir discretion. in accordance with the objects of the Charity, lo provide support for patients and staff, medical research and dinical developments where these are not nomally funded from NHS sources. Unrestricted Designated Funds". Gantrral Purpose Funds These are funds held for each Hospital within University Hospitals Bristol & Weston and can only be used within the particular Hospital forwhich ihey are designated. They are individually registered with the Charity Commission as though they were separate charities but are administered at the discretion of the Trustees within the group registration of the Charity. Speclal Purpose Funds The58 funds form the largest part of the Charity's funds. The Trustees make every gffort to ensure that they are used for the purpose reques18d by the donor. The Trustees administer each of these funds on the advice of their individual Fund Advisors. At the end of March 2021, there were 381 of these funds. Restrlct8d Funds These are funds ￿ere a very specific wish has been expressed by the donor. At the end of March 2021. there were nineteen of these funds. Universty Hospitals Bristol & Weston Charity Iformerty Above & Beyond} Investment policy statement The Trustees seek lo produce the best financial return by the prudent investment in property, quoted securities, and cash deposits taking into account available dividend and rental yield, and potential growth in the value of the investments. All investments are made on due consideration of the advice and recommendation of the specialist property and investment advisors of the Trustees. The Charity has a policy of not directly investing in companies that generate more than 1 OOA of revenues from or have funds that hold more than 10 % of their allocalion in cx)mpanies that generate more than 1 Oyo of revenues from t¢)bacco. alcohol and gambling. The Trustees have adopted this policy to screen away from areas that have a negative health impact. Investment income for the perrod amounted to £68Ok of which £467k came from property, £205k from dividends and £8k from interest. The tot81 portfolio was valued at £16,500k of which property was £6,275k and stock market investments £10.225k. In addition, the￿ was cash held al the bank and on deposit of £5.550k most of which is held to fulfil the unspent grants Icommitmenlsl which total £4.822k The proporties held as fixed assets investmentwere last subjectto a full valualion in accordance th the RICS Valuation - Global Standards 2017 (Red Book) by a third party, Alder King, in December 2018. Given Ihe ongoing uncertainty arising from the impact of the COVID-19 pandemic. further advice was sought from our surveyors, Alder King at tt)e year end. The Trustees are satisfied that the valuations remain appropriate and represents the best estirnate of fair value at 31st March 2021. Universty Hospitals Bristol & Weston Charity (formerly Above & Beyond) Rè$ervgs Policy Trustees wish to provide grants that will be for the ultimate benefft to patients using the hospitals within the University Hospitals Bristol & Weston NHS Foundation Trust and healthcare facilities within its associated community- These grarTr15 may be for environment and arts, state-of-the-art equipment, patient and staff facilitie5, staff development and motivation and medical research. Reserves are held for the purpose ot. Meeting the day-to-day operational requirements of the Charity and ils commilments. Building unrestricted income. This Is a priority for our on-going income generation strategy so that we Can respond lo the growing needs of our beneficiaries. Level of Reserves Required In establishing the appropriate level of reserves forlhe Charity. the Trustees have considered forecast levels of income and expenditu￿, Ihe obligations and operational requirements of the Charty and the likelihood and consequences of these requirements not being met. The Trustees aim to maintgin free reserves (unrestricted general purpose fiJndsl which would cover six months, expenditure for the Charity (such as stsff costs, governance, office) based on the previous yearfs expendrf(ure. plus an estimate for the cost of closure based on current cost of redundancy. Our current level of expenditure from the accounts for the period ended 31 March 2021 is.. Year to 31.03.20 Year 31.03.21 £OOO's £OOO's 642 Support Gosts Govemance related costs 654 219 225 Cost of fundraising.. staff and office costs 785 994 Tolal Costs for the pèriod 6 month reserve required 823 937 Current estlmate 49 39 Administration lo dose, inc. legal, existing agreements 100 39 149 Total R050rve Requlred 10 University HospTrtals Bristol & Weston Charity Ifomiedy Above & Beyond) At 31 March 2021, th8 Chartty's free reserves stood al £1,129k which has met and exceeded the18vel of reseNes required in ils policy of £972k. In ils fvlure plans the Charity has explained that it wll look to invest in new sources of Income generation including relaunching the 10tt8ry. Trustees feel il appropriate that the Charty holds reseNes in excess of its policy by £157k to support such investment. Additionally, our known commilmenls must be able to be covered from all our designated funds. Designated funds hold monies where donors have expressed a preference without imposing a binding trust. At 31 March 2021, there were 381 designated funds totaling £17.209k. This year our known commitments {unspent grants) stand at £4.822 million. The group reserves cornpris8: £OOO's Restricted funds 331 Unrestricted - designated Unrestricted 17,209 1,129 Reserves held in subsidiary company Total FundslReserves 18.670 The level of funds held in reserve and thg Charity's requirements for such funds are review8d annually by the Audit Commill86. The reserves policy was reviewed al the Audit Committee meeting held on 26 October 2021. Fundraising Model and Cornplaints Policy In 2019, University Hospitals Bristol & Weston Charity launched a new fundraising and marketing strategy, aiming to incr8ase the sustainability and stability of our income generation through diversification of our P￿0110 and making a kay shrft to a relational rather than transactional approach. We recognise the importance of protecting our vulnerable supporters and adhere to the Fundraising Regulator Code of Practice, as well as following the guidance issued by the Institute of Fundraising on treating donors fairly. The pandemic and ensuing events of this review period have necessitated us tsking an agile and responsive approach to our fundraising and marketing. We launched an urg8nt Covid Appeal within a matter of days of the first lockdown, raising over £700,000 towards providing physical, efflotional and psychological support for NHS stsff in our hospitals. We pivoted from traditional fundraising to virtual fundraising and we continuously found new ways to enable our incredibly Bristol community to say thank you and pledge their support to our NHS staff throughout the year. While Ihe key principles of our 2019 strategy still stand, we enter the financial year 2021-22 with a strategic plan focused firmly on finanual sustainabiltiy and recovery. University Hospitals Bristol & Weston Charity (fr)rmerly Above & Beyond) University Hospita15 Bristol & Weston Char￿Y has a supporter charter, which is updated annually and cleady displayed on our website. This chart8r outlines our promise and commitment lo how we will engage with donors. University Hospitals Bristol & Weston Charity takes expressions of dissatisfaclion or complaint very seriously whether in person, by phone or in writs"ng. It also sees them as a way of constructively revi8wing the way it operates. To emonstrate the Charity's commitment to ils standard of care for donors and stakeholders, we are members of the Fundraising Regulator,. of the Institute of Fundraising,. and of NHS Charities Together. formgrly known as the Associalion of NHS Charities. The Complaints Procedure is available lo everyone by contacting the Charity. In 2020121 University Hospitals Bristol & Weston Charity received 6 complaints alN)ut its fundraising, all of which are now su￿essfUllY closed. Risk Management The Trustees re¢ognise that they are ullimatety responsible for all the Charity's assets. Durlng the period, they have assessed the major risks to which the Charity is Potentially exposed. The risk regislers are linked both lo the strategic objectives of the chaiity and cover all departments. The rnanagement team regularly reviews these and drives action5 to mitigate the risks. The risk register is reviewed 8t Board meetings and at regular meetings of its Audit Committee. The key risks considered this ye8r were.. Wheth8r voluntary income generation would continve lo grow and whether this would limit the Charty's ability to see through its commitments to the hospital for its capital work. This was successfully managed, through having a very clear plan for income development. ensuring that the income streams were diverse enough, building effective stewardship of the Charity's donors, and building a strong brand and awareness m8ssage. Whether the political volatility (BREXIT) would drive stock markel volatility and impair the income the Charity relies to partially cover ils ovèrheads. The Trustees have a clear inv8Stmernt strategy and review its Investment Advisor work regularfy. The board has also ncreased its specialist kno￿edge on the board to aid its scrutiny and challenge. Whether the loss of key staff would irnpair on the Charity's progress. Through effective SUCC8ssion planning and using data systems and clear forms of communications, and delivering good recruilment pra¢lices, the impact of any loss of staff has been minimized. The charity received professional advicè in developing a GDPR policy and implementation strategy. This included full compliance training for all Gharity st8ff and a Trustee training seminar. The charity implemented the relevant policies and procedures to comply with GDPR and continues to have access to professlonal advice and support. The TTUStees re￿1ve regular information and commentary from Ihe Management Team regarding the wider charity landscape. 12 University Hospita15 Bristol & Weston Charity Iformerty Above & Beyond) COVID 19 At Ihe time of writing this rgport. significant progress has been made with the rollout of covid vaccines across the UK. Whilst new variants are 8m8rging, the Govemmenl and ts scientific advisors appear to be indicating a relaxation of restrictions in July 2021. There will, nevertheless. be conlinu8d uncertainty and potential dglays to planned fundraising activities and events. The executive team wnlinue lo monitor income generation very closely and, where appropri81e, pul in place mitigating strategies. Investment values continue lo be closely monitored, the continuing success of the V8ccine rollout in both the UK and other parls of the world has to date resutted in positive response from stock markets. The charity's investment portfolio continues to perform in line with the targets agreed with our investrnent advisors. University Hospitals Bristol & Weston Charity have followed govemment advice and continue to monitor the changing situation closely, with a particular focus on staff health and wellbeing. St2ff have worked from home wherever possible, with meetings and events conducted online via platforms such as Zoom. In September 2021 the charity moved to hybrid working. This approach has also been adopted to maintain th& regularity of Trustee meetings. In addition, a sub group of Trustees now supports an 'Assurance Comrnillee" which meets regularly to support SMT in responding to the Chang￿ng landscap8. Our hospitals are the lrfe and soul of our charity- It's fantastic lo welcome We51on General Hospital IWGH) into our fundraising family, and we want to make sure patients, staff and the community in Weston feel just as much as part of our charity as those in Bristol. That's why we've launched our brand-new name, look and logo to reflect our work with all 10 of the hospitals in the UHBW Trust. But this goes ￿rth8r than a ngw logo and name, we want to do so much m¢Jre to focus our resources, while continuing to go above and beyond for patienls and staff. To ensure we have the biggest impact at our hospilals over the next 12 monlhs we will be.. Focusing our areas of support around four key priorities- funding the little things that make a difference, creating healing environments, championing 8qUltabl8 acG8ss for all, funding world class technology, treatments and research. All four previous areas of support (equipment. environments, research and staff development) are still supported by the charity. We've added championing equitable a¢¢ess lo support the addressing of health inequalities because this is a topic, particularly post-covid, that we know is really important to both UHBW and the wder public. Continuing to support our hospitals in the recovery from the Covid-19 pandemic and be prepared for the "new normal" including offering more remote 8oNices which help to address health inequalities that have been exacerbated by the pandemic. Developing and expanding new sources of income generation, including relaunching our lottery and an increase in virtual Covid-safe event offerings. 2021 was a challenging year for fundraising, with many of our inc(Kne streams impacted by the lockdowns, restrictions and economic un￿rtaintY. But our incredible supporters stuck by us and our focus is now ensuring they stay with us for the long-tem. 13 University Hospitals Bristol & Weston Charity {fomiedy Above & Beyond) Introducing a proportional allocation of donations lowards covering our operational and fundraising Costs, so we can continue to be here for our hospitals, both now and Into the future. Focusing on growing hospital level and Trust-wide Income to ensure we can be more flexible and equitable in how we use funds across the hospitals. This will enable us to invest in th8 areas most n need to ensure donations make th8 bi99est impact at our hospitals. Improving our IT and grant-making syst8ms, making us more efficient and improving the stakeholder exp8ri8nce. To develop policy and work in the areas of equality. diversty and inclusion to infom its work in the future. To develop the charity's perspective on sustainable practices. With this new direction, focus and identity, we hope to do mor8 great Ihings for our hospitals and our local communities. 2020121 was another year where University Hospitals Bristol & Weston Charity grant making programme made a tangible impact lo patient care. staff w811being, investment in equipmenl, and transformative research projects across all areas of the hospitals. Examples of grants and their impact are provided below. and the Charity publishes annual a full Impacl Report. In particular the charity raised £711.000 for its Covid-19 appeal. Fund were raised from NHS Charities Together, major donors. corporate donors and the public. Patlent care The Covid-19 Appeal supported our hospitals in the following ways. In excess of £70,000 worth of donations in kind were received, including food, toiletries, iPad'slmobile phones and water botues. to supporl Trust staff and help patients an(1 their families slay connected. The Charity funded an oncology menopause clinic based in Bristol for 12 mnths, wblh one clinic a month. In this 12-month period 115 individuals benefitted from the specialist service at St Michael's Hospital. University Hospitals Bristol and Weston NHS Foundation Trust's Muslim Chaplain works two days a week, with one day funded by the Trust focusing on palienls of all faiths and none, and one day funded by University Hospitals Bristol & Weston Charity, with a particular focus on Muslim patients The free hospital shultle bus travels around Bristol city centre, carying staff. patients and visitors to the hospitals. Before the pandemic more than 2.000 pass8ngers every month were using the seNices 14 University Hospitals Brlstol & Weston Charity (fomedy Above & Beyond) staff wellbeing and dgvelopment The Charity, in partnership with University Hospitals Brlstol and Weston NHS Foundation Trust, have committed a signif¢cant grant to support a 2-year wellbeing support package, which will be available to help all staff access extra psychological, physical and mental health wellbeing support through a range of ongoing services. This grant was made possible due to a large grant of £320,000 from NHS Charit¢es Together. The money raised also allowed us lo support 191 projects at the Trust., providing sofa beds for staff to rest, fridges to cool food and drinks on long shifts. and wobble rooms for teams to take some much-needed time out away from the ward environment. We've also funded special extras like coffee machines, plants. radios and other tools to promote rest and relaxation. Equipmant A new hoist has enabled severely disabled children to actsss the hydrotherapy pool. This means they can benefit from the activrties and health improvements that come from the specific rehabilitation offered by a pool. The children who are supported by the therapy team have a range of conditions, including cerebral palsy, osteogenesis imperfecta (brittle bone disease). cancer and those who have experienced a severe h8ad injw. All hav8 S8v8rely reslrided mobility, are often in a wheelchair and are oft&n in conslant pain. A grant was mad8 for a The Plasma Jel machine which provides innovatnie treatment for women cervical cancer treated al St Micha81's Hospital. It uses plasma energy to vaporise small spots of can￿r from the bowel, spleen and liver. meaning patients spend less time in hospital, have a much lower chance of the cancer returning and have higher suNival rates. Research A pilot scheme into heart valves was funded at the Bristol Heart Instltule . The Ozaki heart valve prO￿dUre involves using a patient's own tissue to create a n8w vafve. The funding was for 20 individual valve sizers to pilot this project. The Covid-19 Appeal money has funded innovative research into a self-cleaning PPE mask and into the blood clotting associated with Covid-19 in some individuals 15 University Hospitals Brlstol & Weston Charity (formedy Above & Beyond) On 1st April 2020 University Hospitals Bristol NHS Foundation Trust became University Hospitals Bristol 2nd Weston NHS Foundation Trust to encompass Weston General Hospitals. As a result, the Charity was also required to merge with Weston Health General Charitab18 Fund (charity number 1057589). On 1 October 2021 the funds, assets and liabilities of Weston Health General Charitable Fund were transferred into the Charity- Above & Beyond, as the Charity was named up until 30 September 2021. chango(l its name to University Hospitals Bristol & Weston Charity on 1 October 2021. It has re9iStered and is using the working name of Bristol & Weston Hospitals Charity. In the Deed of Understanding belween University Hospitals Bristol and Weston NHS Foundation Trust and University H05pilals Bristol & Weston Charity, it was agreed that one of these Trustees would be a representative from the Trust. This position was filled by the Medical Director, Dr William Oldfield and from 28 July 2021 was replaced by ChTref Nurse. Deirdre Fowler. 16 University Hospita15 Bristol & Weston Charlty Iformedy Above & Beyond) TRVSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The truslees are responsible for preparing the Report of the Trustees and the financial statements in 8ccordance 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 period that give a true and fair view of the slat8 of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitsble company for that period. In preparing those financial statements, the trustees are required lo: selecl suitable accountlng policies and then apply them consistently. comply with applicable accounting standards, including FRS 102, subject lo any material departures disclosed and explained in the financial statementS', state wh8ther a Statement of Recommended Practice {SORP) applies and has been followed, subject to any material departures which are explained in the financial statements make judgements and estimates thal are reasonable and prudent- prepare the financial statements on a going concem basis unless it is Inappropriate to presume that the charitable company wll conlinue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charilable company arKI to enable them to ensure that the financial statements comply wilh 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 I￿egular1ties. In so far as the Iruslees are aware: there is no relevant audtt infomiation of which the charitable company's auditor is unaware., and the trustees have taken 811 the steps that they ought to have taken to make themselves aware of any relevant audit infomialion and to establish thal the auditor is awar8 of that infomialion. The Truslees, Annual Report is approved by the twstees of the Charity. Signed on behalf of the Trustees on 25 November 2021. ChristophfTronk Chair of Trustees 17 University Hospitals Bristol & Weston Charlty (formerly Above & Beyond) FURTHER CHARITY INFORMATION Trustees, terrns of office and olhèr Interests Mr Peter Scott (Tenn of office.. June 2021- Decen7ber 2Q22) other Interests: Director of Educalon Centre Management Limited (from De￿mber 2014) Trustee, Bristol After Strok8 Mrs Jane Dean (r6rn7 of Office.. March 2020- Septgmber 2023) Other Interests: Director of Educatron Centre Management Limited (from Septembèr 2017) Director of JDA Consultancy Limited Director Compass Group Pensions TrusteelD1￿ct0r Auckland Project Trustee of National Museum for the Royal Navy Operational Board Non-executive Director of Wildfowl and Wetlands TNst Trading Board Dlrector of Folly Fam) Specialist Commercial Advisor and Coun￿1 Member of the National Trust Dr Chris Monk {Chaimian) {Tem7 of Office." March 2020- July 2024) Other interests Member of Association of Anaethelisls of Great Britain and Ireland Member of British Medical Associatio Mr James Fox (Tenn of Office.. Apnl 2021 - Apnl 2025) Relevant interests Regional Director of Ralhbone Investment Management Limited other Interests Governor (Director) of The Redmaids, High SchcM)I Treasurer of Bristol & District Triathletes Chartered Fellow of the CISI Mr Lee Aston FCA (Tem) of Office." April 2021- Apnl 2025) Other inlerest5 Director of Education Centre Management Limi1￿ {from May 2017) Member of Council Insttiute of Chartered Accountants in England & Wales Head of Finance Lyons Davidson Limited Dir8Ctor of Pecunlam Limrted Mr Steven 81uff (Temj of Office." Apnl 2021- Apn"12025) Oiher interests Trusteelmember of Shopmobility 18 University Hospitals Bristol & Weston Charity (formerly Above & Beyond) Dr William Oldfield (resigned 28 July 2021) (Term of Offic8." November 2018- OGlober 2022) Relevant interests.. Medical Dir8Ctor with University Hospitals Bristol & Weston Other Interests: Member of Royal College of Physicians Member of British Thoracic Society Member of European Respiratory Society Member of American ThoraGic Souety Mr Steve Campllng (Tem7 of Office." May 2019- May 2023) Other interests". Trustee of North Somerset People First Mrs Jane Palmer (TenF7 of Office.. May 2019- May 2023) Other interests: Member ofNursing and Midwifery Council Mrs Deirdre Fowler (appointed 28 July 20211 (Tem of OtTice.' July 2021 to July 2025) Relevant interests: Chief Nurse with University Hospitals Bristol & Westo Other interèsts: Member of Nurslng and Midwlfery Councll Memberships NHS Charltles Together (Fornierfy The Association of NHS Charities) University Hospitals Bristol & Weston Charity is an active member of NHS Charities Together. NHS Charities Together seeks to support, and lo be the voice of all NHS Charities in England and Wales. The principal aim of NHS Charities Together is to womote the effective working of NHS Charities. Through this membership, University Hospilals Bristol & Weston Charity cars ensure that it adopts b&sl practice from across the sector and provide training. support and insight both for Staff and Trustees. To find oul more visit www.nhschariliestogether.co.uk Fundraising Regulator The Charity is a member of tho Fundraising Rogulator which was creatod in June 2016. replacing the Fundraising Standards Board IFRSB). The FR holds the code of fundraising practi￿ for the whole of the UK. To find out more, visit www.fundraisin re ulator.or -uk The CEO belongs to a regional Charity network. The Charity benefits from sharing best practice, advi¢9 and shared experience of 58Ctor challen98S. 19 Indopenrt¢nt aualti>ts Yoth• TrUytet#of UnlYer&6ty HwpSts1¥ BrWI &W•6ton Chawlty If¢)ThWtyAbO￿sOllYondJ ForthèY•arEndgd 31 ￿￿2021 Oplnlon WO hav$ audited finarKUyJ statam8nts OfUn￿$￿ Ho9￿ta￿ &i5ti1&WestoD Charityllho.cDry￿l1 for theyeBr emed 31 2021 Comprlsethe GroupStal8tnEnt of FinÈn(id AC￿vI￿88, theG￿p Parenl Chart8b Company Bslanee SP￿5, Ih&Group Cash Fkn¥v Stat￿nent￿￿ notes to IhefinancKal slalgrnonts. Indufjing a surrmary ofwnrficant stcotsnting policie%. ThgfinaDcis1 f18rnvHorkthal ha$ )Ben app5ud In tneir Nepar￿l￿n Is 8wfthie and United Ac{￿nI1￿ siand3rds. indu(St¥J FRS t02.lnts Finartial R&porbn9 Skndard Awkablg In th9 VK and RyblK tsf Ireland. IUDilod G£M&tsllyA¢cepted Accoufiling Practittgl. In ourownr¢n th8 finar￿1￿ statements.. or4&a Iw and 14ievvawdth8 Sthte0f￿ kYGW'S andthB p¥enl Chantsb￿company'sBf￿atrS 3S at 31 2020and of *8 9[￿P.5 inCOnMn9 resourc8sand èppvtsikin olresDurrk3, Int4￿￿9 ils irwnB 9V9rwJitur8, forthe pèriod fhen end￿", hsvq bèen prowlywepared in actthtsncè¥%ilh unl￿ Kingd0mGpn￿￿￿AK9vwA(xaUnti￿9 PrB¢bÉ*.' hll¥8 bBen pr¢wedtii arthr¢anceW￿ thg ￿the Compa￿?￿ACt20o6 a￿1th￿charl￿8SAc* 2011. Baslg foroplnlon We curstsd￿ Im accordance ￿ Irwtst￿r1￿I Stsndaids on Auditrng IVKI IISAslUKII and [P￿lesb￿ L8w. undèT thoseslandards a￿ furth8rde9criW ID Auditllrfs R8splln5ibilit￿$forthe3￿dk of Ihefinano sL4lementssedknnof our rgport Wosr• Independenlof rJwilaW conwnyin Èccc*dartt w￿lhIh￿ethl￿l iequlrell￿ts r*ani 10 ouraudil of thg fina￿al statèttyÈntsln the UK, FRGS Eth1￿1 Sl&ndwd. and WB haV91U￿11Pd aurotherethkal respo￿lIrth# In Éc¢ordwrRwththesg r￿u￿Wr￿1ts. We ￿li9Ve thzll￿audVL WB h8Yp E&t8lned kssufficMnt and provid&a forourop1n￿D. relatlwlo ¢•n¢4M Wè nothlw to ofthÈ lolo¥¥hg rr￿ in rd8tiW io%thlch the ISA$ IVKliequlre us to to you ¥Yhere'. Itu$lee8' U9eofthe In weparèknof 5ts18rnents 1$ rNX approp￿1&.. Ihg IrustBps mtd15dD8ed in thelknaDGialsl8tomenb any lthllfed matert81 M￿rta￿lieSth&1 6Unrf￿￿rtdo￿bl￿￿thI￿ts9r0Vp'&3n￿Parcrf ¢haiK3klÈ eonwny's abilitylo ccfilinug 104doptthE goi Cor￿[￿ ba￿1 ofActounling POTV)d m￿ths￿roM Ihg dal&when YB atsthorfsed for I￿U0. Othw thrfomMll¢N) Tr*¢winfDrrfotknn£oWses the Itthded in the annual roport. othorthen fin￿137 $takments£nd our8￿11￿$ repM1herWn.T￿ ItUSfeksare re$r￿n51b￿ turlh¢ 0th8r lnf0mw￿. oplnion on the finana doe5 nol otherinfiJmi8tton ￿. Bx¢¢Ptt0th•8￿$nt&th0rw19e w11￿￿&t0￿0 ￿ oUrr4￿r￿ * do nDtexP￿anyf0mIrfaBSUrsnts Cond￿￿￿￿￿40n. In(￿Tr￿VIbth wraudk¢ltheCinandal stslemn16. owr05￿￿tI1ity * Its read th&cther ln10m￿l￿ and, in GO. Cons￿er￿￿]hOrth0 d1h￿InfOrMallffl r6 ￿￿terIoNY i￿L￿&1$1￿*￿Ith Ihefln£n￿81S￿t8￿￿ntsQrourk￿o￿fjdSB obtain&y In mtraudt¢y Oth￿￿e£Pp83r￿ IDbg miS5Lal&l. Ilwe ilentity514th rnaterf￿ or ppaitrnt n1s914￿m￿S. wear9 requirndtodeteinlw wlethorlhwe Is a riwlatom&ntiThthe a nHtertal Th￿s￿t9￿@M1 Dflhe otherinfcrmafvn. K. based on Ihg ￿h&yepErfllrMed. vrn ￿￿lud thBlthwe rwa5LwtÈn*rl ollN3oOw r4cplrad to r6WXtth21fact. W8 havq t￿Nn9 loreporf ITr INS wgard. Oplnions On +Jth•rmatt•rn pr•8¢rfb•d byth&Companlg$Aryt24Q6 In (wrqjwiK￿, b59ed on Ihework undortgkén in thB COUFs&oftheaudit the Inf￿1￿)Th gpien in trvslggs, annual rwrtfortrefinaTh￿SWrforVknvth thofin$rKial SLA1￿*ntSaro prèp3red IG ￿£1$lent wilh the fin*h*lslatenwts.' a the IIU$1*5' anwa r￿h￿S In 8tcordwKevthh Isgd rg4wr￿ts. Indgpend¢ntw(Itots r•pc*rt To tbgTrus¢fjBB of Unl￿￿lty￿0¥Na1s Bdbttsl & WÉ*ton Ch￿lty (fO￿￿yAbW• & Bb>vndl Forth• Yoar End•d 31 Mw¢h 2021 Matt¢rn on whkh wé ar• to rèportbytrX¢•PtIo In thfrluhtofth2 kThrA¥￿duè and und&tstsnrlw clthègro4) payerrt charitsbPè ttsmpanyaThd its Ènvifonmeni obtskned Inth9(￿urse althe we have nOt￿entified materd rnBstaieinBNIs the th15t8￿. annua rewrt. We have nothw lo ryrtin reydofthe Ilknmg mattErswhBrpthe CornpanvdsAd 2006 the¢h￿88Act2011. u5 IowEpDrf lo￿V rf. Inourwn￿n'. pdvenl eonwny ha5 not kepi gdequale and WJTfi¢￿rQ r￿ordS, c* v£bJrng 8d89uats fDrouF audAha¥e ￿1 bBen reE6YvgdfroMbrarKhgsnolvi￿lgd by VB.. ( Ihg pargrt (*witalAe CLVnpa￿,s ItWllCiLII statgrngnts are ￿ In awgBrnPnt Ihe axountiw record9 or cetsin dL4do&urag otinJ51ees' rerwnemtsornspeclfied by law8renol rnadÈ,' or wè have not rer￿ed dlthB IrlormHibn and e¥thnallonswerequlr8 fDr0urau￿( or the INsle25 weTr rnt entiuvd iotske *Jvantage ofthe sml tDmpath exeryuun frC￿ prtyarfry B strllte report. R•ypon*lbllltlÈ% of tru$ttts Ag explainod mor&fufy n the tr￿lees, respoTh4kn1thsstst£mersl, Ihelrusteès lknknar&al80 tr*diYectOY9 of the Ch￿ilabl￿ cornpany f4ru￿ wrp066s ¢l¢>Jfflpany knl aro r¢s￿1b19 lorth¢ prepatstron S￿erneThts and $absfisd Ihatllw glvèatwÈ and f¥ VW. andforsuth Int*mal coniTr4a$ In￿1&￿#t*rM￿￿ 1$ n¢tys$ary 108nab*lF* ￿para￿ offlnanda stAtgm￿tsth&l &*free trom mkntat£n* In ptEParin9 fingne￿al $lètements, tretsusiees are Fesp0Tr51ble fora55egdng tr*9nwp 8fKI ￿re￿ld￿n1￿M￿ ¢￿an￿S abiltyto rmunue as a Ong conc8m. dIS￿O51ng. malier5 rekted ￿ 93tng concern end golng corkr4m ba818 of un￿5$ tr￿81￿¢$ ¢ithorin1o￿ tL>lviuitstethegrnuporp2renlthadtaL4 onwanyorio¢oaso op¢rations. w navo m ffjai1su¢fyi¢sm?tb￿ WliOIO $0, dltofs r65pon6lblWUooforthg audlt olth•finandal statem We hav8 bB8napwtsd a￿111￿ undertrÈCompan1eBAc12￿6 ye£r￿ 151 0fthpcha￿IBSA[1?Oll tppt In ￿tt￿rd8￿CeW]tI Ihosekn, Ouroble¢ilweB are to obtain r£o50nablB aswjrdnC&ab￿tWhOtherlhfrfi￿Qncl￿1 stat£rngn19 85 aw￿1?￿r91re9 from misslstenwnl. wh8therdue tofraud Pnd to I￿￿e 3D¥vdrfor's rgportlhalincludes ourlyin1￿. Rea￿a￿e a86urancg is ahigh le¥01 ¢f$ssuratyx. but 15 Dot a waraTrte6thai #n audit in accorthnce ISAS IUKIv4ill d6tert a mètÈrtal Th￿ssIate￿nt￿￿en It ￿Sts. MiS51B12rn&nts can arise trom ￿￿(￿8￿re{ xnd sre Cong￿ere￿ materF81 tt, Indvldualy or h aggregate, theYcl￿ld rBa50nably ￿ expected to 1nfluenceth6ec(￿on￿c d8d&ornsof users taken on b35￿([￿eSefinancIal stat£rrtsA AB PartOfan&u(kt In ￿1h ISAS I￿￿ w&•xwrJ$8 Frtofss*thl tudgsnvrt8nd m*n￿rn 8¢Wd$m Ihwhwi th&3￿11.W+ 2kn'. ethfy and **8¥ tho tlskg (l NthrFal n48si¥temeN ￿ Ihty finawal swements. wholtrw fr) fraud (* ewor, de9tqn Bnd perfoim auull wocedures to I￿j&e rfEks, 3￿j o￿aIn a￿j11 ether￿• thai 19 sumclgnl and apwopriat9 lu prwdg a for our oFinw)n. Th& tsk of not a rnaierlal nisstatepn8nt rgsuNing fr4ud is huhÉr than Èrror. fraud w iDYth8 kny8ry. Intenty>n￿ onissting. N1$wres￿ttibtt4￿, orlheoveNkl&of In1£M￿ crmtrd. ab￿n an undersland￿9 of Interna rA)Thtrol to Ihg aL￿rt ￿ order ID £u&S1 proceduies Ihal Are approprlate ir tr￿CIrcuMSta￿¢e5. bul nutforlhg purp05FS of eWrBS$An9￿ ownlon effecbvenas5 of th? Ev8lb8ie Awwriatene68 of ac¢rAJnty polknes UEed and th8 reaKJnabknèsg of A￿￿untINJ esM)Ètss and rehted dlsch)sur•s mde by ￿￿t￿Ste8S. 4)pttal funds 17.708 A s8parate Staternenl of Flnanclal ActNit￿S is Ml presented for the Charty itsew. a5 the Charity hastaken a(fvanlagE of exempllong afforded by seCtK￿ 408 of Ihe Companlas Act 2006. Thg nel kncom? of tho Charty lor the p8riod was £962k12D2D.. £12,757kll. Approved by IhB Tru51ee5 25 Novamber 2021 and *gn8d on thgir beh* by Chri5totther Icharrnanl J￿e Dean IT¥usteel Company r¥Jmber: f0394287 23 UnI￿r8￿ty Hospltals Bristol & Weston Char5ty {ft¥meAy Aljove & Beyond) Consolldated Siatom•nt of Finan¢lal A¢tlvltles For the Year Ended 31 March 2021 Year to Y8ar to 31.03.2021 31.03.2021 Year to 31.012021 Yèarto 31.03.2020 Unrestricted Reslricted £ I)OO's £'OOO's Total £'OOO'$ Total £'OOOs Note Incorne and ondowmènts Irom: Donabons LegaGies Charitablè activities (Xher trading acliwties Investments Oth8r in(x)me 717 545 1,262 708 152 16 888 462 152 161 904 162 16 680 21 21 Tot41 Income and endowm*nl$ 2,571 Expendlture: Raising funds.. Fundralsing costs Inveslmenl M￿gement costs 765 35 820 785 35 820 994 1,D32 Charitablg actiwtie3'. Patients Wetra￿ and amenities Staff w81far8 and amènities Research Purchase ol equipment Sl8ff education & training Building & associated works Other chaiitsble activities 83 259 342 213 328 1,216 309 746 89 139 201 367 31 1,147 138 201 367 31 1,147 138 Total axpenditurè 3,371 259 3,630 4,072 Not gainsl(10$98$1 on rnv85tmènts 1,753 1,753 1.276 Net In¢om8 Ilexpendilurnl Tran$fers b8tsveon tund5 ts Net movemènt In funds 676 286 962 2.777 Re¢on¢lllatlon of fund8 Funds at the beginni￿ of the period Funds at thè end of the period 17,663 45 17,708 20,485 331 l oflh8 above r8sun5 areilerive(J from continulng aelvEtres. wère no otherrÈtogrri&Éd galns or ￿$st& othÈrtt)an those slèted abDv&. M¢)v8mtn& in restsfjcled fund8 8re disdosed ￿ note 21.1 to Ihe fin￿￿al slalements. F￿¢0M￿rat￿& figur89 ref8r to note 21.2. 24 UnlbErAMy HosiMtal$ Brislol & WBSton IfornorEyAb￿ & Be￿nd) $tatemontof Cash Flowa Ftsrih• Ytrar Endod 31 Morctt 2021 Yearto 31.032021 £'ODO'¥ Ye¥lo 31.03.2020 £'OOO's Ca8h flows from opgradng advltlg9'. N81 cash used in op8ratyng ¥¢tiwtie$ lsee beftrwl 586 Cash fiow¥ from Inv8$llng aGtlvltlos: Dividends, Inte￿31 aThJ renL* from investments PurrJia8e offixed assets Purehasè of invathents Pr{Ke￿&frOM Sa￿ offixed 855gts ProEeeds from sale of inve5knents 181 16,8011 12821 11,8821 N&t cash provldod by lftvètsllry actlvlfle 537 g82 Cash flows from Thnancln4 R&payments el borrowiig 353 329 N•t cash lused Inl fln4n¢lng athl 353 329 ¢honge in Cash and ¢ash équlvalénts kn thè Mportirtg perfod Cash and cash equlvalonts atth? beglnnlTrg of the reporlng ￿rIOd Cash aThd equlvalenfs attho end of the roporting wrfod 17581 Recpndllatlon of net Incornellexpend￿ureI to nete8sM¢)w oyrattng a¢tlvlU Not incorne11expendl￿r&jfQ￿lhO roportlng p•riod 962 12,7771 Adjustments tr. Depr80ation ¢har9es IGains)nos50s on invastsmérnts Dmdends, inlBtestand rents Investsnenls Docwasa in dtsbts IDgcre8$elnncn￿e in (¥etl 42 32 1,276 1.177 11.3091 1.410 377 N•t ¢ash provldod by operatlng actlvltles 586 An1￿18 of c•8h and &Jsh gqul¥ilents Cash in hand Cash at bank 5.550 6,306 Total ¢a$h and ¢a8h equlvalonts 25 Unlverslty Hosplta15 Brlstol & Weston Charity Ifomerly Abo￿ & B*yondl Ststement of Cash Flows For the Year Ended 31 March 2021 Othol non- Cash-flows ¢a$h ¢h#n995 At 31.03.2021 t'IJOO'$ rooo. £'OOO'$ At 01.M2020 £'1100'5 Cash and ¢a8h ¢qu￿1•nts Cash 8,306 6,306 175SI 17561 5.550 5,550 8orrowlng$ Loans falling duè within on8 year Loans tsuing due after more than one year 13531 2,328 {2,6811 353 13801 138Ql 353 12.3281 Tc+tal 3,625 403 3,222 26 lthlv•rts￿ Ho¥plt•l* Brlrt•l& W••tr*n Ch4wlty (Ithm￿A￿0¥• a B•yondl *tss tothp Flnan¢lalStatvmonts Forth*Y•ar Ended 31 Marth 2021 ThB pollfjg5 3dpptfjd In Ih@ set OLA ￿0w. Tryhave con￿St9￿mY dL¥lng th&p8d(wJ lTrlhe pieceding perf(￿. 1.1 Ba£15 of preparallon Th88efin3Dri¥l sl*gtnonts arg wepa¢gd ag￿￿9 concgm basis, underthe (x>st r￿n¥$n￿on, as Mod1￿1￿ bylh& rOvaluati￿ of Invesbnents ￿ndfiX￿J assall&rwJ & buildln96 ffleasured alfalrvalue 1hrn￿h Incns. inclvdiry cov1￿19. Ih8tmi9hlcTr)91￿9nIrI￿nI￿ts1 obllrfy Df Ihe c￿rItyt0C￿n1inueaSa g￿￿9 Gorrcern. Thg II¥v8 rndde this Dr atle￿￿tan￿5￿artrl￿Thlh￿ date of approval of the finanLial stElements. partlcu18r1￿tr￿l9es h¥vect)rKsldgTFd ihe sharfty'sforgc8sts ca5hfknprolgclK)ns and have fador£d In pressures on donabon. IBgawand inY96bnent IncDrTre￿￿h thB b9iw keptunderconstanl revlew. Att2r maklw enq￿rfe5 thè IrLtstèeg have EorbcI￿dgd ihalihotharityhas adeqLHts rgsource5 to wnlinue 1ThDperatiOTr￿ a￿s￿ente1￿the fwpseeaNe futLFrfj_ Th8 ¢h*rity th¥efore ￿nh￿￿8510 adoplthe goinyconcsrn basis in prepaying tts fin£nd81 gt21ernents_ 1J Ba$ls of tyJwolklaUo These GonsDlid8ted finanrA81 sLqtemwts indudfyth8fin8ncW Stat￿￿ntE of Hospitas Bristtsl & Wesiorn Charity EdueAUon Centre m￿aDem¢nI Lknlted (xmipany number04026846, fftswthol1y0vm￿ 3L*3itharyrnado uplo 31 Mwch 2Vd1. These fin&w]al ststfrmeffl8¢0m8￿kIel¢ts re$￿tr ofthe¢hadtyand Its s￿￿d￿ryon a lirn by lkneb8915. The resutt5 of Ihe subsldiary are dlsclosed In nDte 11 tothesefl￿an￿d g*alerneAts. 1A Income All IncomB IB ￿￿￿d9d In SlatsrnentofFlna￿￿ ArfviUeG when the 4101knofolhylro thrf8aYe mat • EnlUement-contrrA overthe Yights or0th&rAc￿￿S tOe&>￿mIetse￿fiI tothp Charity. PrDbsblÈ-i115 mDtp likFtythaTr nTrlth*ts a550￿￿ed￿th thBlrdns￿ti0n orgiftwil ftthylott￿ Charfty. leasurernent.tha morknyvAILteorarnounlofth& Income cBr¢ b* m¢awwd rolwy and th&¢08ts IrL¢￿r￿ fort IransBdan ￿é1heCOst$toLX)m￿e thetrangacuon CATr be me85yred rellably. lnt8ngitrlelr￿MÈ L4 [r￿uded In the￿n*￿I£l ytaleM￿ts wSlh anequiv&lenl#mauntin ￿pendIture. ff ihere18 a fIr￿ndEr c￿1 bcffie by patyth2 ￿lUe￿ated0Th 9uch IrM))m& L% t￿fin￿nd31CtsstOfl￿t￿rd parlYpr￿4ngth8 re￿rces. LegaGygifts ottrr¢wgn¢¢d on 8 Ga* by¢a¥o ba¥1$ fo1￿￿ryM9 thograronyrfprobalfrbtyhen edm1￿stratorl•xÈ￿1cr1Ortr estat¢ has tommuikn¢èted in wbr¥J both IFpe amouniand sett￿Ment date. In ev&nl the 9th is In the form of An assel olher th8n cash Dra ￿4T￿ra1 a8seltrad8d oll a r8COWi58d sl(KkeKchBwe. recognllknn15 sthlecito thèvdue oflhè grft rnea$uratrde￿Iltt a deweaof r&%￿nable a¢curacyandth8M&lo the ass81 h9￿ng W tr$n5fgrrFd tots Charity. OY4mm•nfgrnnts r￿151￿n910 rnvènu8 ￿ r8wgn&ed In inmmè(xi a basls 0￿rI￿8 pwod8 In ￿1￿YrE￿n1SESthe assDuatsd c05tsf0rth￿hjh& grant 15 ITrtw￿fjd ID SQtnpen¥*p. This IndudeB £18.925 ulGowernfflenlaS￿Slallce under CororFawrus Jub Rel￿tsD￿ SchenTre ICJRS) relating to staff who furlough2d dueto Co￿&19. Ml otherinc4Jm& is rÈtllgri¥ed aitMettm9 V￿gO[￿J&Or5gr¥￿6S arg p￿vIded. 27 UnlVqr￿ty Flgspjlals a W￿l￿n Ch4rftylfomwtyPJ>ov8a Bqyond Notestothè Flnanc]318tatqmentS ForthbY¢ar Endéd 31 AIBrch 2Q21 1.4 Income Iwrrtlnvedl Intér•510n fuNls derK)81119 Ind￿ded￿t￿Th re￿fv3￿eand the amountcan ￿ meÈsured rdlatlYbyt￿charfty.' thls 1$ fiOrM￿ly uwn noknfiraiin ofthointor¥st pwd ar payable bythebshk. DiwdenJs ¥r• r*¢¢gnk*l on¢• thg divid¥nd b*n dedar&d and nObr￿￿0Th has been re[el￿ of *e Liirydfrnd 15 nDmaUyuFw nobficabon byLW ￿¥95￿￿enta￿vIE0r of the dividÉnd Invesmentportrdh. 1.5 Exwdknro aL>iliti98 and oNl￿tionS arerecoonlsed In the Stathentol FinanttialAdNItsps In thè Ill **lchgpprov21 Is 91 bylhe TrustgP8 reggrdes? ufthe due datesfttrpwenL NJI (thagl￿1e atbvibe5 r4ateS to ￿Wa￿ed Èrtd thÈrp are r￿￿k1￿Yun￿￿rtakfrn aL*lvilig¥. ExeMP￿0r￿tO area& lollow5'. Comrnltm8nts *tMrhare depervJeDI upth ryl1dlcL￿￿orts bging r￿t bythe recyent are lrea1￿ as contingentlkBb4it￿5 Ihose WJndlOons have ￿t yet beeTr m Central suppDrt Costs have b9eTralloEatqdtofLYvJ8 onth¥ba$is numbBrolgrants ovgr£250 awiDved the penowj. 1.6 TangIb￿ Ilxed avd¢ts Capitallsallort l assetsfallng Ihfrfolkwk￿ Calfjwrips ￿￿￿taK*ea.. Tanolbk 8Fe rwp8bioofbwng ugedforrmre than owwr. 8nd havfy a¢ost equal lo wgrB81¥ £5,000. Groupsof Iwible as9ets whlch or& Inl￿￿￿￿￿0￿f orvA)uld nwm)Ilyb& provid$LSor repia¢gd gs 8 grwpwth a i0181 vafu In gxcess of£S,0004nd 2n kndivtha vdue ￿£250 orfflore. Volu4110 ed assetsar9 YdL*da&folw'. Equipment 15 vaL*d atthe ILv￿Qf e¥UrDsted nBt replqEernfnl CQBlor TrrovorthEmDunt. Assets In th&courgeof con91n￿l10n are al uJtrent(V5t. D8preci?tOD hot th¥rg¢d on 0fthofrll￿rtU.. lo￿ and assets ¢ours¢ ¢f¢orBtyu¢fjty). Equlwl 2nd bul￿￿) Nole5 tot￿ FIn￿Gla19t￿t0rnvrrts Forlhe Yg4rFndad 31 Plarch 2021 1.8 hwstsnentftxed aw60ts l} PiopFrty ore ￿t d2preciated butshtsh￿ at m2thivAluètiDn. v41u￿r￿ts yofes6iofialtyand revitrwed eè¢h reporyng p9ngd￿IthL fvll valuahon ￿￿￿ertaken whenth8tru5t8es deern ￿￿eSsary. Afull valuauon in Eccordancewlih the RICS va￿¥￿0￿-C1trb￿ StèndBrdB2017 (Red 8oDklwas laslunthrtakgn byathlrd party, A￿erIting, in Decernber2018 &ven lh9 (Y g(HDg urvrtainty arisinofrom th& lYnpBct ofthe COVItP19 parndemic. futhei ad￿cOWa5 sollghlfrom Oursu￿&YOr8, ths yBzr en￿ Thè Trustees are 90tsfiedthalthB Vthati￿S rernaiThappropnaleand represents best e5Urnalg offarvaiueal balants sheetd31?. WI Stocks are Induded Inthe balancè 5he8l3tmk*ma￿et price, èx4ndd8nd. b) R•alls*doAltts ajxllosses I gains and 1ts&8es arÈtsk3n io the StstemeThl of Financ4al Arlw4ies asfh&yats&. Realised galns and Ii>sseson Inv95trnernts are alwLglèd &$ the Ilfferènee belween 93le9 proceeds and thwropening Barrwng valueu wrchasevalue ila￿Ulred duiingthe od. Unr8alL8P&g￿ft$ artd h)sses are Bsthe dlffer£nce bBlween the falr¥al￿@81 the yearend and lhelrca￿￿Va1uÈ. RÈdlBed and urrfeBItsBd lTrve51ment gainyand I￿995 are CL4nblned In IheSlal￿[hP￿t0f FinanEiHI Aclvthes. 1.0 Poollng schemè An Inve5trnenl PDDI lgopthd kn In￿sIT￿P￿r$. Thp %¥fth thaityctymmlssi￿g￿s ¢n 7 ZWD. 1.10 HerltagB a6ts•ts Herflage assets arè Inclu￿ ai T￿$￿•8, b•siéstlma￿QfM￿￿t vaM$. TloChaAityha$ d919mihW this by ts$lng thè IWÈt InsuranEevaluati￿ vthi¢h ¥Yas ¢anS$d twton 15Au9iLSt2011, io takèartountol wo¢t8d rnwkètv￿UÈ. 1.11 Lqaw Leases arg dassifi8dg5 fiFWCq l&ageswhen￿elthÈterrns ofthe leose tran9fersubstBnUBIIy811 the rfBks and rthvard5 of ownershlp ofth8 assètld thB Charfty. Ml Other￿aSe5 aredus51fW as op&rdUny feases. FinartttèlÉasès areghovAI wlthin deblors."Financ8 Lease ReceiyaL*es". atlhg anKwntMuivaleTrl lolhecapitai repayn*Thiforthe ramainlrtg lrfè ofthe leaee. The IrslereElelemenl rec9r￿0d is ryediléd an< Ihe inlpresl elerngntpayablg ischaw. to ihe 5talemèril otFlnancIalA￿1¥ilVdS0¥èith￿ periL￿ Of thtr mortgag& ryymeni Opwalng rerntal8 aré 10 th• swmlniofFI￿Qd8I AcIbl￿S ona 5lraghl-1i￿ trasis o¥ortt)& iÈm of ifv• le•se, 1.12 Plnanclal InstrwrAr The Ch8rlty onlyhas fnandal assets andfiNwol liabiliiie3 ola ￿nd Ihgtqualrfyas b?￿financial i￿truTh￿nig 6o$kfifjsnrAal hslrurnent5 are InHialty rKognised aiitsnsa¢Uon vatJ¢. and Subsequ￿dyMOa9urtl 41 thcir SOll¢monivalw vétth e¥¢epl¢n of bank loaTrs whlc* are 5Ub58ww￿yMta8Vi￿ at #m￿¥•d ¢osi ihe 6ff8¢tlvo Int*re$imethtyJ. 1.13 pa￿310￿ costs Thecharlty eperates ￿$1)Th piovi8¥Jn& siaff w8Ys Imrtyomplw8d byth• Cld Ch*ty, p8rfdp810 In th? NFE P$AXi Scheme. Newempbyèes parknupattr adlr6thc0ntributi￿ $¢h$m$ 981 up bytr* r* ￿lty 10 %Yhl¢h th•emplo￿¢S ¢On￿b￿On matches thDtofthg vp toa 018%. 1.14 Jud9emeThts and k￿9•Urces 0feBtlm￿tkn unrertalnty Tho pwarallon of the flnancid siat£ffl£nts ￿QUirES rnanaggm£nllD tnak9judgemgnts. estiwa￿S and a55vmptiDll6 thal affed the amounts rep￿ed forass&ts lIa￿lI1￿*s as al th& balance theeldate and assumpliuns that affectlhe amounts rgPDrted for In￿rne and v.wdl￿tsd￿rin0 the period. HowBver, the nalurevf &slima¥Dn mBans tha13CIU2J outcomes COU￿ dilfer fri￿ I￿9e Estimates. The foll￿WI￿d￿ernentS arp considwed bythg TNsts&sto hav&th& mD916￿nifiGa￿t9ffect on amounts reGrynls8d In IhefindncLg1 statsments. Th8 m05t 5isnifjranta￿8fA uncertaintythatwould Off￿1￿8¢￿￿5ng v81uèolasséts h&ld * tho ¢h8rityl$the W ¢flnv8$tyYwl return and tho Part¢m￿n¢6 of In¥•stmeni nNqrkets Ise& Inveslm&n19 policy wtiDn ollheTru6tees' Annu8[ RerA)rtfor mLYe iThtsimalionl. Thè chBTrtys inve51menl pwetyportfdio IE In￿l￿ed in lh9 stslfjtnents asdesErfbBd In note 11 toth& finandal slalemwts. Ihi& Is con84dergd to b9 0 key ac￿nb[¥ estitnal¢in Ylewofthparn(KJnts InvDW and t￿lU￿￿emEntS appli8d in IhgirvduabLVK pa￿￿ladY In ligh1or￿certaIn￿ #rixing from thÈ ¢oronawnM p8ndth￿l￿ ltt liyhf ollh&. Turf￿advI wa5 BDught Bs dFscdbud in th 1.8wd IhFTtU5tees (x￿siderth8t the vAlual￿Th> rÈpYÈsÈnlthÈ bÈsl e&tim¥te of falrva1￿e8tthe lancesheel dale. 29 Univernity Hospltals Brfstol & Weston Charlty IfomertyAbovo & Beyond) Not88 to the Flnanclal 5tat•monts Forth8 Year Ended 31 March 2021 Gross Invostment In¢ome Year to Y8arto 31.03.2021 31.03.2020 £'OOO's £'OOO's UK I￿￿tM￿nts Snvestrnent propert￿5 Listed stork exGhatyge invesknn&nts urrenl a$891 inlar8St 467 205 485 39 Gost ol rai*n9 lunds-funflral$lng ¢o$ts Vnr*$trlctgd Re5trlct8d Fwnds Funds £ WOO'S £'000'8 Yoar to Yearto 31.03.2021 31.03.2020 £'OOO's £ ￿00.5 Staff costs Office cos15 Promotional costs Events Oth8r 572 18 130 572 18 130 634 20 150 99 91 65 65 78S Governance and support cost5 The breakdown of 8UPPOrt cwts and how th8S8 Werè allt¢ated be¢wgen govgmanc8 and othersupportcosts 1$ shown in Ihe table betow.. Yoarto G0veMan￿ Support cost¥ 31.03.2021 £'000'5 £ XIOQ'$ £'QOW$ Yearto 31.03.2020 £ OOO'S Stalf ¢￿sts Office exp8nS8S Establishment co$t5 P￿fesSIOnal feÈs Insuranc8 Dapreciation MisGellaneous Gosts xtem81 audit 10 402 37 146 412 38 149 14 420 SL8fl tirn8 Staff ti 128 StafFtirve 12 Acttsal 15 Staff lime 32 Staff Ime 11 Staff time 16 15 42 181 43 181 16 679 182 138 16 37 182 Intere8t payabl8 Other (l)arftable act￿lues 1g1 139 1,019 138 219 30 Unlversity Hwpita15 8ris¢ol & weStL￿ ¢hartty {fornerlyAbove & Beyond) Nots$ to ¢he Flnandal Statanwnts Forthe Year Ended 31 March 2021 Governan¢8 and support ¢o$ts IconUny•dl The total support¢OSts OttrfbutaNe to charftablè actlvtti8s18 appothon8d bythe numbÈr of grant& awarded as shDwn in the table below. Ml govemance costs are mat by unr8Stricl8d funds and no allocation is mad8 to restricted funds fw governance related ¢05ts. Yearto Yearto 31.03.2021 31.03.2020 £'000'8 £ OOOS Pati8n¢s w8lf8re and ￿n1fjeS Staff and arn8nitig Research Purchase of equiprrEnt Sl8ftedu¢abon S Iralnlng Building & associated wowks 120 218 67 39 430 27 74 79 880 Central cosls ladminlslralltsn and m*ag8menl, govemance and fundraislng have b8en allocated lo eath ht>spital based on the numb8r of grants over£250 award8d during the p8riod except in thg CA88 of endowm8ntl￿dB vther8 ￿ allocation has been made. harllable expendltur¢ The charfty dld not undertake any dir8Ct charit8￿8 activit￿$ of its own a(xord thring the period. Grants that ware approved in f8¥0ur of benefiaarles are shown on the face of the Statement of Finanoal Activities. Th& Charity'5 officers may approve expenditure up lo £250 incurred byadvisors to the funds. A￿}Ve that amount prlor approval musl be sought, which can ￿ given by th8 Ofticérs up to a Ilmit of ÉS,ODO. Bètwaen £5.000 and £I0.000 approval c2n be given by Officers together with the Chair, and above £10,000 by th8 Trustees. Th8 harlty then either reirnburses expenditu￿ incurred by b&nofi¢iarie5 orpa5E third porties dire¢tty its ￿Spect0f goods OT sfyrwiGes supplied in pursuance of these gr2nis. Central supwrt costs havè been allocaled a9ainst levels of grant a¢tivty and $0 charitsbl8 aclivitie¥ Sho￿ ￿ the face of the Ststement of Finanrial Activ￿ ropresenls the grants made in the period plus central support costs. Afurther analysis of the total value of or8nls m8de to each hospital atvj olh&r b8nefKvaries forythom fvThJs arg held is aiveTh in nol8 21. 1. Analysis of ¢harilable expgndl¢wg Grant funded activity £'Q(M)'$ Suppori and gov¢man¢e costs £'QOQ'$ Year to Year to 31.032021 31.03.2020 £'IYJO'$ £'IMJD's Patients welfarè and am8niti8s Stsff weWarè and arnenili&s Research Purchase of equip[￿nt staff edutration & IraSnSng Building & as80Ci8ted wok*s Transfer to othor NHS chari&8s 120 435 e9 83 74 342 213 328 1.216 149 131 200 367 30 1,148 1441 1,069 746 89 138 138 139 1,811 998 2.809 3,040 31 Unlvarstty Hospttals Bdstol & Weston Charfty Ifornerfy Above & Beyond) Not•s to th* Flnanclal Statsim•nts For the Year Ended 31 March 2021 5.2. AmatyBI8 ofgrants Grants to Grants to In5fftullon5 Indlvidua15 £'QOO's £'QOO's Patients, wdfare and amenities staff Wetra￿ and amenlU&s Resèarch Purchas8 of equiprnent Staff education & training Building & a5￿￿ated works 222 149 131 1441 1,069 1,484 327 Roclpl8nts olrnat•rial SMtitut40nal grants Yearto Yearto 31.03.2021 31.03.2020 £'OOO's £'OOO's Unfv4rs(ty Hospltals Btlstol & Weston NHS Foundalon Trust Bristtsl Health Partners Univwsity of Bristol 596 30 740 30 628 770 Net InGornel(ewJBDdltu￿l Thls Is $tsted after charglng the fdlowiro.. Y￿r to Year to 31.03.2021 31.03.2020 £'QQO's £'OOOs Auditof$ remUneralK￿- 8udil fee dltorf5 rgmuneratiw- lax adviGe 15 15 staff ¢tssts and numbers Yoar lo Yèarto 31.032021 31.03.2020 £'OOO'$ £'OOO's staff¢o$ls were a$ folknvs.. Salaries #nd W￿e$ Social Se￿rity costs P8nsion cosi8 814 75 831 79 92 9T1 1,002 Th8 number of em￿oYeeS who eamed more than £60,000, dthin9 the period was as fol￿￿S.. Year ¢0 Year to 31.03.2021 31.03.2020 £60,￿o- £69,999 £70.(M)0- £79,999 Year to Y￿r to 31.03.2021 31.03.2020 The avÈraoa numb8r of emrAoy888 in th8 period was.. 28 28 32 UTrl¥or•tty Hospltal8 Bd&tol Sw￿ Gh•rllylfvow4yAb(P••& Bornd) NDt•y t0th&R1￿￿E18Ist￿lor For lh4 Y•ar EMd•d 31 klarcth2021 Sloff Gostffandhurn￿rd1¢0nt1nI The CbanlycDDwdors Its koymarwtsm¢Thl compilsv6tr￿ Trusifjos, the ch￿fEx￿￿tiy?. 0￿[Kn5 th￿ClOr¢I Fundrwing and Dov8Jo5¥nwL Th&ioW amFlo¥M￿lty8n¢frt¥￿lL￿d1ffj ofthe kfiYrnt•Bg￿r per￿lm￿ *￿re F254M11 AY￿&￿ar(2020.' £270.2281. Ntr remur*r￿[¢￿ has oèen WdtDln6 Trus￿eE w4I12020.. Nil) NO expe￿￿5 have been re1m￿r$￿ tolhe Tn45te66 duringtr* ￿rt0￿{202O. Nil) An Ind@mnity ¥￿$1￿n of£3,OQO.tN)Qha8bwn by Iho Charilyata costo1£1,34g(2￿'. £1,173). Ta￿11bh flxed a550ts.qroup and charlty lrnprnv•m8nts to woperty £ QQO'4 Hotalr balloon FIxiv￿ and 31.•3.2021 Total £'QOO'4 04ulprn•yrt E'QOD È'Q•D 144 f30 47 339 Addthrny Dtspo6als avcg819ndofpgrio¥J 144 18 130 53 Bd8nee èf beginning Orpe￿0d Chargèknperiod Elitninat8d 18 41 14 42 BalHnc* Hlond Dfperfod 18 39 124 Nef b￿¥aue al 31 klJKh 2U21 12D 21 Natbutth at 31 2020 134 2S7 Unlverslty Hospltsl$ Bristol & Weston Charlty {fomerly Above & Beyond) Notes to the Flnanclal Statèments For thg Year Ended 31 March 2021 10. Intangible flxed a88ots- group and char 31.03.2021 Total £'OOO's Software £'OOO's Cost or valuation.. Balance at beginning of period Additions Balance al end of perfod Accumulated depreciation Balance at beginning of p8ri0d Ch8rge for perlod Balance at end of pe￿0d Net book value al 31 March 2021 Nel book value al 31 March 2020 Historic cost al 31 March 2021 Hlslodc cost al 31 March 2020 Unlver51ty H05plldlJ5 Brt5tpl & Weston Ghartty IfomertyAbovt & B¢yondl Nrt88 to the Flnanclal Statsments Forth• Y•ar End•d 31 Mar¢h 2021 11. FJx•d a$$et Inv•sknent8 ¥86tmant in Common Depo$iU Inv•sts))¢nt Investm&nt propertle$ Fund £'QDO's £'OOO's Total Totsl 31.03.2021 31.03.2020 £'000'5 £'OOO's Market value at beglnnln9 of perrod Less." Disposals at oponing ma￿￿value Add.. AddltK)ns at C05t N&lgainsl11055851 on revaluation 6,275 8,957 le.4651 6.601 1.132 10.225 15,232 I6.4￿> ,601 1,132 18.500 16,400 11.7231 1.882 1,327 15,232 6,275 The properties held as fixed assets investment ware la8t Subject to 3 fum vaknation in OCthrd￿c￿ wth the RICS Valuation- Clobal Standard8 2017 IRed Bookl by a Ihird paty, ￿der King, In D8c8mber 2018. Given the ongcyng uncert8inty arising froTn the irnpact Df the COVID.19 pandemic, further advice w8S soughtfrom o SUtveyoTS. Alder King at the yearend. The Tru$tse8 are 83tisfied thatthe Va￿ationS remain appropriate and represents the bèst 8$tim8te of fairvalue at 31st March 2021. ma￿￿1 valu¢ al 31 March 2021 Group Group Chathy Charity 31.Q3.2021 31.03.2020 31.03.2021 31.03.2020 £'OOO's £'OOO's £'OOO's £'OQO's Irtv8slrn8nt properti88 Common Deposit Fundlcommon Investment FUNI Inv&$tmenl in subskliary undertaklngs 6,27S 10,225 6,275 8,957 6.275 10,225 6,275 8,957 16,500 15,232 Portfolio contènt 31.03.2021 31.03.2020 £'OOO's £ QOO'S UK Equty fiJnds UK Propetty funds Ovorsèas Equlty funds UK BDnd funds Overseas Bond funds Partl(Aio funds 0tr9rattemaliv9 fund$ Cash 1,010 2.951 1.122 2,745 1,160 6,552 460 380 171 692 331 592 fO,225 harfjty Investment In 8ubsldlary undartaklTrJ The ¢harfty has a wholty owned trading Subsidiary. which is incorporated In the UK. Edueaoon Genlre Management L￿rted Icompany no.: 040268461 faLilitat85 rn8nag8rnent servic8S to the Univergty Hospitals Bristol & Weston NHS FoUndat￿n Trusvs EducalJ"on Centre. The following is an exlrai*of the eompanls financial s&tem8nts forthe perlod to 31 March 2021.. Y&ar to Year tD 31.03.2021 31.03.202D £'OOO's £'OOOs Inc¢Jrnè Exwndvcu Net incomelllossl Gift aid payablè to paront Charlty Net mDvern8nt n funds 398 397 324 21 35 UnlveT¥Ify Hospltsl$ 8ii$¢ol & W*ston Gh¥ity {fom¥TtyAbove & Bgyondl Not•3 to the Flnanclal Statements ForthÈYgar End￿ 31 M•r¢h 2021 12. Herltsgè 8$8èts Total Total 31.03.2021 31.03.2020 £'000'5 £'OOOs arryong an￿untaI b8glnnlng 8Trd end ofp9rfod 92 13. D8btorB Grovp Group ¢harlty harfty 31.03.2021 31.03.2020 31.03.2021 31.03.2020 £'IMM's £￿005 É'OOO'S £ ODJS Amounts falling du• within on• year Trade ¢febtor5 Inter¢ompany debtors Financs lease recEivables Prepayments avd aGcrued inGDrn8 Other debtors Total due Mthln one ye8r 18 14 401 1.415 18 14 401 1,415 14 420 661 42D 661 1,850 1,848 Alnounts falling due aftor more than one year Financè leasÈ rBcèlv8bles 3.528 3,108 3,528 T4)tsJ debtor4 4,201 5,378 4.214 5,376 The Charity r8C8iYed £608,50012020.. £675,000) ts the use of thg Edu¢aUon Centre. In the period to 31 Marth 2021 £401.23612020.. £329.1141 relates to the rBpayTnent of cgi)ital. The finance lease expires in 2026. 14. Crellltors: •￿0￿nts falllng du• wllhln ono year G￿￿P Gri)up Charfty Charity 31.03.2021 31.03.202Q 31.D3.2021 31.03.2020 £ YJOO'S £'OOO's £'OQO'$ £'000'8 Loan5 and overdrafts Trad& creditors Amounts due io subsidiary und8rt8king$ A(xruals 8nd deferred ￿c0 oth8r (xeditors Conwrfiments 380 353 1.923 360 272 353 1.897 78 3.322 67 4,419 78 3,322 67 4,419 4.449 7,231 7.208 36 un￿ersIty Ho8pltalB 8￿&1￿1 &Wè&t4n ¢hJrfty Ifomorly Abov* & Beyond) Notes to the Flnanclal Statements For thoYgarEnd8d 31 March 2021 15. CredKorg'. amounts falllng due after more than year Group 31.03.2021 £ Y1￿.8 Group Charfty Charity 31.03.2020 31.032021 31.03.2020 £'QOO$ £'OOO's £ YJOO'S Loans and overdraft5 comm￿Dents 2.328 1,948 2.328 2,328 2,328 An original loan of £3.169,265 was provlded by Bank of Ireland tts refinance provlous bDrrowkng$ provid￿ by the Bgnk, of the Old Ch8rity which been bomvÈd tolund lh8 wnstruclknn ofthe Educalon Conire. Upper Maudlin Street. Bristol. The loan is secur6d on the sileand repaya￿e, al 7.14% interest. In equèl in5talm8nlg Over 93 month$17.75 ￿rs) from October 2018. The balan¢e r8mainlng at 31 Mar¢h 2021 w&* £2,328k12020= £2,681kl. The loans ar￿ owrthafts balancé falls due a$ folbw6' Group Group Charity Charfty 31.03.2021 31.03.2020 31.03.2021 31.03.2020 £'OOO's £'000'5 £'000'5 Not lalerthan onoyear Isee nole 141 Later Ihan orp y￿1 and Thol Paterthan five years Later Ihan fivo ye8rs 380 1,31S 633 353 1,225 1,103 1,L5 1.103 1,315 633 2,328 2.681 2,328 2,681 16. Transfers b8iwe6n fund$ Transfe¥s arise whera a cont￿b￿￿On 1$ made byone fund t0￿r￿s th8 Ih¢om8 OTexp8ndilurE ofanolh2r or whwe theft 15 the tmsfer of a b8lanc6 to another NHS thartyso that it foilow$ the 59rv￿a or dÉp*bmÉnt towhich it 17. R*lHtod partl88 The Chsrity frnste88 re￿hre antl odmintslerthe charftable fund8 lorthe Hospitals, War(5$ and Depathenls of Untversity HospilaL% Bristol & Weston NHS Foundation Trust and tts a$50Ci818d tx*ies forrnerly knovm as 9ri8t Clinical Commlssloning Group, Bristol Comtnunty Pleamh. North So￿r&￿t alnlcal Commissianlfig Group, Noth Sometset CommuTrily Partntrship and SDulh Bristol Cotnmunty Ho$ptal. The obieGtiY88 of Univer¥ty ￿pItal3 Bristol & Weston Charlty arn to provKJ@ grants Ihatvlll be for the uttlmalo benefitto patients Using the ￿)splIalS Y￿￿1n uN￿er51tY Hospitals 8risiol & Wèston NHS Fo￿datIon Tru8t arKI heallhcare facilities Wrfhin Ihe rdevant cx)mmunity partnetshlps. These grnnls may b6 for medkal equipment, pad8nt and staff facilltl88, stsff training and medical rÈsear¢h. In addition, Unworsity Ho8pllals Brfstd & Weston NHS Foundai*)Th TN$t J50 inrwthe costs of ￿ul)ment. 8alarfe¥ ind olher9rant rdaled wendture on behaK ￿the ChaThtyfor whld) thÈyarB fultyleimtrAJrs￿j. Thp Chariiy leasgs waperty lo its subsidiary Educalon Centre Managern8nt Limrt8d %Yho in turn lea8eB the propety lo UnivÈNty Hospitals Bristol & Vveslon NHS Found3Mon Trust. The valuo Of invoices raised byboth org8nis8tions was £575.00012020. £575.0001. The amouThl owed to the Charity and Educolion C8ntre M8nagem6nt Umited in respect of thesg invoic8s 8t 31 March 2021 w85 £nil12020.' £nill. The Ch8dly188sè5 other properties and land lo Univwsty FbSpIl￿S Brislol & Woslon NHS FOUnd8th￿ TNSL During the year. ￿ ChaTity issued r£ntal Invoi¢es lo University Hospila15 BrBtol & Weston NHS Foundation Trust tolalling £255,￿8(2030.' £295.1341. amouTrt ￿ed to th? ¢h8rfty in r85P8Ctof Ihasè invoices at 31 March 2021 was £6,78112020." £15.6891. The ch￿ charges Ms Subs￿lary, EdU￿tIon Centrp Managemnt Limotod managementaThl sÈrvitrts tthar9e5. During the >var, the Charity charged Education ManageTnenl Limi18d £28,50212020.. £28,794). amount owed lo tho Ch8rtty in r8sp8cl of these invorc&s at 31 2D21 wa$ £12,00012020.. £12,000 Unlvarslty Hospha15 Brlstol & Wg$¢on ¢harlty Ifomprly Abov• & Qqyondl Notes to Flnanclal SlatBmBnts For thg Year Ended 31 Mar¢h 2Q21 18. Optrrating 1oase8 1￿come Atthe reporting dalethe charfty had oulstan(*ry rninimum fu￿￿re recelpts from r￿￿-rAncela￿e operating ￿ase5, ich fall due as follow5.. 31.03.2021 31.03.2020 £'OOO's £'000'5 Not later th￿ one ye8r Later than one year aYKI not later Ihan five years Latsr Ihan five years 1,141 1,819 3,245 1,141 2,135 Operatlng leasgs Bxpgndlture Atth& ￿ptir￿ng date the tha￿ty had ￿tstand￿9 ftmnimum futh récewfrom non4ancellabla operatiNJ leas88, whith f411 as fojlows.. 31.03.2021 31.03.2020 £'QOO's £'OOD'8 132 438 Nol fatÈr Ihan yèar Laterthan &n8 yw and not lat8r than ffv8 y88r8 Laterthan five years 133 19. Mambors. Llabillty Th8 ch8ri18ble company is Ilmited bygu3r8nlee, r￿t having a share capw. and con5equenlythe Ilablltyof rrwbers 18 Itmited. subjectto an undertaking byeach memberto conthbute tolhe net a55ets or liabilities of the charitable companyon wnding up such arnourrts a5 might bo not exceeding £1. 38 Unfverstty HtsÈpits1s Btstol & Weston Ch4rfty Ifomthy Above & Btytyndl Not88 tothè Flnanrlal Statements For tho Year Ended 31 MarGh 2021 20. Anatysb of net assets by fvnd Unrestrlcted Restwlct•d Total Fund8 Funds 31.OJ.2021 £ ￿00.8 £ YbOQ'¥ T8ngibleffixed 8SS8ts Inl8ngible fixed assels Inve5trnents Herilage assets Long term dgbtor8 Current assets Current lisbilhle$ ¢redltor¥ duts alter TTwe than year 221 221 16,500 92 3,108 6.312 14,4491 3,448 16,500 92 3.108 6,643 14.4491 3,448 331 331 Unr68tr1ct•d R05trlcted Funds Funds 31.03.2020 È ￿￿1.5 £'OOW5 Tangible fixed a$$ets Intanglbla ffxed assets Inve8lm8nts H8dtag8 8ss&ts Long tenn deblors Current a88&18 Currant liabilitEs Credltors due after rnore thanone year 257 257 15,232 15.282 92 3,528 8,133 17.2081 12.328 3.528 8,088 17,2081 2,328 45 21. Anatys15 of funds Th8 Charity holds ￿S￿l￿ted, untestTiCted and endowrnert lunds for th8 Univ8rsity Hospitals Bri5td & West￿) NHS Foundation Trusland fonner Cammunity Partnershlps and fo¢d Clinlcal Comm1&8ionlnu Groups ICCGsl. Th reslriGted funds a￿SeWhere monty is hdd wh￿h can only bB Us￿ lor a specific purp088. Within Ihe unrestrict8d funds therg is one undesignated fijnd, Ihg rest being d8siqnat8d fUr￿s. orthe deslgnalad fund$ there is one general PUTpa5e fund for ea£* ofthe hospllals. ftsm)erCCG5 and Gommunty gerviBes, the rest bek)g held forthe ￿nefft of paoents. staff. osearch. tralnlng and odu¢ation. equlpmenl 8nd Sp8c￿¢ pK¥eGts. Transfers arfsewhero a corrtAbutlon Is made by ona furtd towards the In¢ome (Y expendltt¥e of 8noth6ror%*hero Ihere th8 transfer ora bala￿e to NHS charitys¢ that it follows IhE service or depar￿￿1 to wh￿h it retates. The Charftys re88rve pOI￿Y ￿ deycAbed In annuBI iepart is to majntaln fr¢e resepMs coverirvJ SLX months. expenditure for the Ghafily. This includ8s $18fl costs. govemance and office ¢05ts based on Ihe previous yea￿5 expendilura. In addttion, an eslirnale for the cost of tlosurBof the ChaAty, whith is primarily the ujrrenl c05tof dundancy. Is tnclud8d. This year figure is £972k12 31 on 31 PknrGh 2DI9 N•ttr4n¥f 2020 t¥pJO E'OOO'S Fonsekg Tho Br￿g9 IS&xualAssaul Bristol thstilutg4peal CICU &¢CuWa￿tvJ Ro Réwrth Project-P￿ 10 30 t)ayBe6s 34 SWght Icknwtqyl Ph¥£1th￿pyn￿part￿nt Re%￿l￿AG￿vilyea￿p 2D2Q 8mato W4ld Dsf13 Refv[b￿h chernth￿PYoEY Unit- Choira 20 10 10 P9W5FuThYadon L¢tteryFund Giant VnI￿tY W8yton Ch?rity edstd RoYallnfim￿rl DftntalFk)¥ritlal BrithlRoyèl Hosph8lf0FChi￿t￿n 3.S77 6.177 {2,C*8l 1.150 1.144 2.898 5,072 18751 (2￿) {3281 3.09B ￿￿t￿EyaH0spllal HDrnecyathlc trkn5pIt 13481 ft51 12661 15471 1.729 13 Brist￿ PlBern2tobJy & Sl Hosplal 1,336 430 437 1272) 1236 49 Sth6pl¥tDI CornrnurltyHDspltal Bdsird Clnkal Comm155ronlA9 ts￿￿pand Eristsl Commur4ty Heaxh Notth Sth)lÈrSetClhlcal corn￿&￿10￿11V Group TrkJrth SomThlGDn¥DunKy F¥rtDwsMp 342 87 Brfsto16 Wes NHS F1M￿j&bO￿TT￿s* 1100} Und￿gnEtOd UnNetsty &Wesllln thE 1.776 20 94Z t.07e Unr8sldctéd Sub91dery 1139) I,2T6 ,243 Z.571 14.D721 242 17,7 Roya￿lan9￿￿e T¢3￿ ￿lfun0 072 41 Untver91ty Mtysplt￿I Brf&tol & Vleston Ghwjty (lomorlyAJ￿e & Bwndl Note5 f¢*tho Flnandal 8latemBnts Forth• Y•¥rEndBd JI March 2021 Po¥1 balan¢0 shwl ev•nt ITh O¢tober2021 Ihtr assets arkl Ilabli￿e5 ofwèston Hesmh G&n&r31 chsrft8￿e Fund Ich&rty number 10575891 re transfeffed thlo 1knfv8rs(lyHoSptta￿ 8rf51DI & WÈston charllyf￿￿¥thg a ¢hathy rnerger￿ 151 October 2021.