S￿latIOn CHAIUTY NUMBER 203311 Financial Statements and Annual Report I. January - 31" December 2022 Clwity name Portsmollth Vlctoria Nursing A&soeiatfion Ollen known as PVNA Charity ￿mMiSsion registercd Number 203311 SectAon l. Legal and Adminiknlive Informatio For financial year beginning 1° January 2022 31. December 2022 CharAty'S principal addre&8 14 Clegg Road Southsea P04 9DQ Charity's email address Governing Document: Scheme5 of l l De¢¢mber 1956. 22 May 1969 and 13 September 1979 Objects of the Charity." To provide financial help to support those within our community who are in Ix)th medical and financi￿ need in the area which stretches from Petersfield to Titchfield and evcrywhere down to the Solent including Fareham, Gos￿¢ Portsmoutl4 Havant and Hayling Island. Specific investment powers: The Trustees invesknent ￿werS are now conferred by the TnL%tees Act 2011 Profcssional AdviseTS'. CCLA Invesiment Fund Management Ltd Lloyds Bank PLC Gillian tndeEtndent Examiner University of Portsmoutty Richrnond Building, Portland Stree¢ POrt￿OU￿￿ POI 3DE Section I Tru8teeJ and Covernanee Names of Trustees P Beasley (Chair) P Coonan S Eardley-stiff K Peake (Vice-chair) S Hurllangee Company Secretary Greg NugenL Trustee selection m¢thod TTh￿e¢s are ap￿Inted by resolution of the existing ￿dy. Tnth to serve for fiv¢ years with an optson lo renew. SectiOD 3. Aetfvilies and A¢hievements Charity's activities and &hievements dwing the year committee is up of the Tntss, up to three nursing representatives. one from each Sccre . Referrdls are receiv lllcal aro and the Com District urses, Health Visilors, Sc urse Represenlatives any rom l Nurs¢s and other Community Nurses. The Company Secretary a]so receives Teferrals direct from Social Services, Occu Each case is present onal Therapists and Citizen Advice personnel. lo the committee for consideration and the nurses advise the TnLStees on the medical, social. and fin8ncial aspects of each referra]. Recipients Referrals are made to &ssist with the furniture, electrical oods and special c hase of medical equipment, when needed for othing together with respite care amilies or individuals who have both a clearly identifiabl¢ medical Deed and an obvious financial need. Requests are refused if the NHS or other public funds should small number of requests for respite care in the rovide these items. A orni of nursery for children will be funded where there is special need. Referra laces also be considered for hel for healthcare professionals. s will for course fees, IxM)ks an rovidin special quipment not nOrni￿rY provi help edby the NHS. This discretionary &ssislance will limited to either half the course fe¢ or £300, whichever is deemed appropriate by the trust¢es. Grants award¢d this year have been given to provide domestic Iiances. Etds, floonng, Car seats. adapted furniture and specialist menl logether respile in the forni of nursery play e have contsnued to supply a large number of extra-large Speciall￿ pushcbaus. An incre&se to £30,(XJO h&s been given in grants this year to reci ients. That is an increase of £51MJ) on R&rt year. This is due to the L'gher number of referrats receiv lieview of last year's aims We feels that having been flexible in our approach &s a committe@ we have been succesSfi￿ ￿ achiev our aims which is evidenced by our Investments Income is 8enerated by investments in the Chatities Official Investhient Funds divided tttween the Inveslment Fund Income units and the Prow Funit We have continued to cautiously invest some additional money ￿ Mvcstll￿nts with CCLA wh]le ensu￿ we have enough of a balance to fi￿fil all our grant requests. Ainis for the next year Tffent fillallcial markets scare and the rising rate of Inflatio￿ w¢ feel that we should continue our aim to be flexible as a committee and hopefulty be able to react to any Cl￿gillg Circumst￿ we encounter. Section 4 Policies Reservcs Policy The financial ￿l1¢Y of the Association is to maximise the income, nsistent with the security of its &ssets. The Trustees wish to kee balance between h¢lping Teci generat¢ mcreasing income ients now and Tetaining enough capi or the future. Grant Making Policy The Charity has limited funds but atms to provide small, relief in need. grdnts lo help those in need of our ￿lstance. It is always heart-warniing to receive the thank you leit¢rs showing how the families who have been referred to the Charity. ts have helped the n light of the current economic uncertainty, we will maintain the ability lo increase or decrease the on the pr¢v t ceiling figure and numlw of grants mad¢ depending g cwcumstanc¢s throughout the year. Investment Seleclion Policy All the charities fimds are investd in the COIF Investment Funds under the management of the CCLA. The majority of the fimds are invested In th¢ Investment Fund Income Unit& but a proportion h&s previously been invested in the Propety Investment Fund. Cash sums are kept in the Dewsil Fund and on reachin Trustee4 further units will only sufficient levels, as decided by the hased in the main Investment Fund due lo the loss of liquidity in Investment Fund. We contmue to monitor closely the value of, an Teturn our investm¢nts and are hopeful that our investment income will remain constant. Risks and Risk Management Risks to th¢ working of the ¢harity are: l. If infiation Continu￿ to rise excessively during 2023, the risks we face are reduced investhient income, incre&sed number of referrals received and incre&8ed cost of goots and services we buy. 2. Incomplete or incorrectly completed referral forn￿. 3. Recruitin8 new trustees may become more difficult due to the Risk Management l. The comnlltt¢e will nK)nitor thae diffeTht factors and will distnkn our ijKome accordingly. 2. The Company Sttretary will liaise with the nurse representstives and other community referrers as how best to access funding from the CIwAty by completing the forn￿ accurately. Forn)s will now be submitted in thance of m￿tingS to ￿loW any unLYrtainty to be queTi¢d beforehand. 3. Th¢ committee will cast a wider net than Previously adopted and Seetlon 5 Syatllr¢ •nd Dethration DeelarAtioD I declare in my capacity of Ckwity Trustee. that the trustees have approved the report above. and have authonsed me to sign it on the￿ behalf. Signature Electronic Electronic Full name Peter Beasley Kathy Peake Pet¢r Beasley Kathy P¢ake Position Vice- Chair CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Roport to th8 tru8teesl members of On accounts for thg yoar 3111 D￿ernber 2022 Charity no Ilf any) 203311 1&2 I re￿rt to the trustees on rny examination of the ofthe above charty (Ihe T￿￿r> the ye* ended 3111212022. R•s￿n51b11ftlo and A8 the trustees of the Trust, you are responsible for the preparation of ba$ls of r•wl the ￿¢￿nts in accordwKe *ith the requirenwts of the Chwiti68 Ad 2011 Acr). I r8Wt in rnspe¢t crf nry examirolK)n of th8 Tn*f8 ￿COUnts c8Yr￿ out under sectKffi 145 of the 2011 Act and in cwrylNJ