ortsmouth ictoria ursing ssociation CHARITY NUMBER 203311 Financial Statements and Annual Report 1st January - 31 St December 2021
Charity name Portsmouth Vietoria NurSlDg Association PVNA Often known as Charity commission registered Number 203311 Section l. Iwl And Administralive fOrMation For financial year beginning And ending l January 2021 31° December 2021 Charity's principal address 14 Clegg Road Southsea P04 9DQ Charity's email address pvna¢harity@gmail.com Governing Document.. Schemes of I l December 1956, 22 May 1969 and 13 September 1979 Objects of the Charity.. To provide financial help to support those withxn ¢Jur community who are in both medical and financiaE need in the area which strtches from Petersfield to Titchfield and everywhere down to the Solent including Fareham, Gospory Portsmouth, Havant and Hayling Island. Specifi¢ investment powers.. The Trustees investment powers are now conferred by the Trustees Act 2011 Professional Advisers.. CCLA Investment Fund Management Ltd Lloyds Bank PLC Louisa Burton Independent Examiner Chartered Accountant 64 Union Road, Portsmouth, P03 6GF PVNA 2021 AllTaual Retxxt
Section 2. Trustees and Governance Names of Trustees P Beasley (Chair) P Coonan S Eardl -stiff K Peake (Vice-chair) S Hurhangee Company Secretary Greg Nugent. TNstee gelection method Trustees are appointed by resolution of the existing trustee body. Trustees to serve for five years with an Option to renew. Section 3. Activities and Achievements Charity's activities and achievements during the year Committee Structure The Committee is made up of the Trustees, up to three nursing representstives. one frorn each eogra hical are& and the Com any Secreta RefealS are recuve e Nurse Representatives rom District urses Health Visitors. Sclool Nurses and other Community Nurses. The dompany Secretary also receives referrals direct from Social Services, Occu ational Therapists and Citizen Advice personnel. Each cas¢ is present to the committee for consideration and the nurses advise the Trustees on the medical, social. and financial aspects of each referral. We said goodbye to J Cloud. Referrals are made to asslst with the urchase of m¢dica] equipmen( furniture, electrical oods and spectal cfothing together with respite care when needed for amilies or individuals who have both a clearly identifiable medical need and an obvious financial need. Requests are refused if the NHS or other public funds should rovide these items. A srna]I number of requests for respite care in the orni of nursery laces for children will be funded where there is special need. Referra s will also be considered for hel for healthcare professionals. rovidin special equipment not nornIrY provi help for course fees books an the NHS This'discretionary assistance will be limited to either half the course fee or £300. whichever is deemed appropriate by the trustees. Recipients Grants awarded this year have been given to provide domestsc Epliances, beds. floonng, car seats, adapted furniture and specialist Ild equipment together th respite in the forni of nurse.ry pl8y schemes. An increased number of extra-large specialist pushGhairs have also been supplied this year. Almost £25,000 ha8 been given in grants this year to recipients, a increase on last year. Thts is due to the lessonin of restrictions previously caused by the pandemic and lockdown w ich has allowed referrers to visit client families more regularly. Review of last year's aims In line with our decision to avoid specific aims for 2021 due to the effects of the pandemic and associated Ik dovm. as a governing committee we continued to meet online via Zoom. This allowed us to ensure the working of our charity and to continue to assist our clients. In addition, during this peri(x4 we developed a new tlexible ap roach to the submission of refea]S to enable our professional r errers to communicate their requests in a MO accommodating fashion. PVNA 2021 At7nual Rewi
Investm¢nts Income is 8enerated by investments in the Charities Official Investment Funds divided between the Investment Fund Income units and the Propety Fund. We previously maintained a healthy cash balance due to the unctrtainty caused by the restrictions in the earl days of the pandemic Due to increased confidence and stability in t e rnarke we decided we were able to increase our investment with CCLA. Aims for the next year Due to the recent problems caused by the hi8hly infectious omicron vanant, we contsnue to feel that it Is unrealistic to have specific aim% We will endeavour to mntaIn flexibility as a committee to react to any challenges we m&y face due to any further effects of the pandemic. Stttion 4 Polici Reserves Policy The financial policy of the Association is to maximise the income, consistent the se¢unty of its assets. The Trustees wish to kee balance between helptng recipients now and retaining eniJu8h capit generate increasing income for the future. to Grant Making Policy The Charity has Itmited funds but aims to provlde small, relief in need, grants to help those in need of our assislance. It is always heart-warniing to receive the thank you letters showjn how the grants have hel ed the families who have been referred to thetharity. In light the challenges presented by the Covid pandemic, and the possible increased number of referrals received, we 11 maintain the ability to increase or decrease the on the prevai raTJt ¢eilin8 fffigure and number of grants made depending In8 circumstances throughout the year. Investment Selection Policy All the charities funds are invested in the COtF Investment Funds under the management of the CCLA. The majority of the funds are invested In the Investment Fund Income Units, but a proportion has previously been Invested In the Property Investment Fund. Cash sums are kept in the Deposit Fund and on reachin Trustee4 further units will only sufficient levels, as decided by the Fund due to the loss of liquidity in t urchased In the main Investment ePro ontsnue to monitor closely the value of, an rty Investment Fund. We retum on, our investments and are hopeful that our investment income will remain constant. Risks and Risk Management Risks to the working of the charity &re'. l. The legal restrictions caused by the Covid crisis will make it ditTicult for the trnstees to meet up in person. 2. Incomplete or incotTectly cornpleted refeffal fomis. 3. Recruiting new trustees may become more difficult due to the retirement age constantly increasing. PVNA 2021 Ammal Ret
Risk Management l. For the foreseeable future, we will now meet online using the Zoom video calling application. In the event of a relaxation of these restrictions, we will endeavour to meet up in person when possible. 2. The Company Secretary will liaise with the nurse iepresentatives and other community refeS as how best to access fundin8 from the Charity by completing the fornis accurately. Fornis will now be submitted in advance of meetings to allow any uncertainty to be queried beforehand. 3. The committee will cast a wider net than previously adopted and embrare more creative ideas for recruitment. PVNA 2021 AU8] Re
Section S Signature and Declaration Declaration I declare in my capacity of Charity Trustee, that the trustees have approved the report above. and have authonsed me to sign it on their behalf. Signature Full name Peter Beasley Kathy Peake Peter Beasley Kathy Peake Position Chair Vice- Chair Date 7_6 111, PVNA 2021 ALUa1 Rwt
CHARITY COMMISSION FOR ENGLAND AND WAtES Port%rmth Victoria Nursing AsSltIon Recei tsand ments accounts CC16a For the perlod from To 011011221 31112r22% Section A Receipts and payments Unre5tr1¢t•d Restrlcted nds funds toth• nwr•rt e ts th•Dwr••te Endowment funds bJth•n•¥•¥lE ty)th n•v•it£ toth•n•vHI£ Totsl fuTHIs Al Recèl COIF 1nvfysknerrtFd COIF QWrtYFUThd COIF cw$ItFur Bonklntsrast cbDaln¥ Refund¥ 47.0S7 14 ross AR) 864 3.380 nts 770 ¥770 18,n3 Nuiso$WèWBtg Adminijtrntbon F9 Piofe3sr¢nal F•os 7,200 Sub total 31,970 31,970 28.783 A4 Asset and Investment COIF Inv951rrrt Fund COIF ProFYrty FurKI Sub total 71J70 71970 26,783 Ilet of receIP{payments) A5 Transfers l)etwetn funds A6 Cash furnls last ar end Cash funds this year end 17,316 17J16 28,597 21*48 21,948 39,2 CCXX Rl accounts ISS)
Section B Statement of assets and liabilities at the end of the period Catègexles Deta115 unre5tn.cted Restrleted Iljnds fi¥nd5 b) ne4rw£ to rar51É EndtrATment funds to n•w•#tÉ 81 Cash lunds 1.9 LI0$D)SrtacCoUnt ¢aF Cyts¥"ta¢ro 20.015 Total cash funds 21 14gr•• r•B&rts Bnd p)yrn Unr•$trtct•d funds to nwr¥i£ End1meTht nds to noJrMt£ Detalls nd¥ to tWTeJt£ Detalls lund to COBI lopknall Currnnt valu• on 83 Inve8tm•nt a•wts 1.846,48 CCIF ProF•rty Detalls Fundtohkh a•tset b•lo Ctsmtvalu• B4 A880ts retslned for th• charlty'• own u•0 Detalls Fund to l>i¢h knowtduo due B5 LlabllltleB ned byone truthe8 hallofall the Irust¢•s &gnabJre Print Nam8 Date of roval ¢CXX R2 a¢48 ISSI
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Se¢tion A Independent Examinerfs Report Report to the trusteesl members of Portsmouth Victoria Nursing Associats'on On a¢counts for tho •nded 31 Decemb8r 2021 Charity no (11 any) 203311 Set out on pagès 1-2 of CC16A I report to the trustees on my 8xamination of the accounts of the above Chanty ('the Trust.) for the year ended 3111212021. Respon8ibilitles and basis of report As the charity's trustses, you arn rosponsible for the preparation of th8 8¢counts in accordance Vth the requirement$ of the Charities Act 2011 (Ihe Acr). I report in respect of my exanatiOn of the Trust's accounts carri6d out und&r section 145 oflho 2011 Act and in carying out my examination, I have followed all the applicable Directions given ty the Charlty Comm1881on under section 145(5){bl of the Act. Independent I have completed my examination. I conllm that no materi81 matters have examlnerf8 Statement com& to my attention in connection Y•ryth the examination (other than that dl8closed below ? which giv8$ me cause to b&lieve th81 in, any material respect.. the accounting record8 wpre not kept in accordance with Section 130 of the Charities Act., or the accounts did not accord wth the accounting record8,' or the 8ccounts did not comply with the applicable requirements conc6rning the form and content of accounts set out in the Charitie8 (Accounts and Reports) Regulations 2008 othér than any requirement that thé accounts give a 'true and fail vi8wwhich is not a matter considèred as part ofan independent examination. I have no concems and have come across no other matters in connection with the examination to lch attention should be drawn in this report in ordèr lo enable a proper undorslanding of the accounts to be reached. Date: Signed: 12 August 2022 Namo: Louisa Burton Relovant professional quallfieation{s) or body (If any): ACA Address.. 64 Union Road, Portsmouth, P03 6GF IER Oct 2018