ortsmouth ictoria ursing ssociation CHARITY NUMBER 203311 Financial Statements and Annual Report 1 st January - 31 St December 2023
Charity name Portsmouth Victoria Nursing Association PVNA ChaTity commission r¢gistered Number 203311 Section l. Legal aDd Administralive InfonDation For fuwicial year beginni And ending I" January 2023 31. December 2023 Charity's principal address 14 Clegg Road Southsea P04 9tx) Charity's email address pvnaCharlty@a11.eOM Governing Document: Schemes of I l Decernlr 1956, 22 May 1969 and 13 September 1979 Objectives of the Charity: To provide fuwicial help to SUprt those within our community who arc in both medical and financial need in the area which stretches from Pelersfield to Titchfield and everywhere down to the Solent including Farehan4 Gosporl Porlsmoud4 Havant and Hayling Island. Specifi¢ investment w)wers: The Tntstees investment powern are now ¢onfenrd by the Tntee5 Act 2011 Professional Advisers: CCLA Investmenl Fund Management Ltd Lloyds Bank PLC Gillian Lodge Ind¢pendent Exami University of PortsmoutlL Richmond Building, Portland Street, Portsmout POI 3DE
Names of Trustees P BleY (Chair) P Clnan S Eardley-stiff K Peake (Vicclhair) S Hwhangec Company Secrelary Greg NugenL Trust¢¢ selection method Trus5 are apInted by resolution of the existing trustee body. TnLStees to s¢rve for five years with an optson to renew. Sectlon 3. Charity's activities and achievements during the year Committee Structure The committee is made up of the Trustees and the Company Secretary. Referrals are rcceived The Nurse Re rentativeS from Distnct Nurse& Health Visitors. chool Nurses an5 other Community Nurses. The Com any sre also receives referrals direct from Social Services, cu ational herapists and Citiz£n Advice personncl. Each c&se is ass¢sJby the company secretary before bein resented to th¢ committee for colderatIon on the medical, soci, an Cl pects of each referral. Aetivrties And Achievements Recipients Referrals are made to assisi with the urchase of medical equipment, furniture. electrical (M)ds and special cfothing together with respite care wh¢n need for amilies or individuals who have both a clearly identifiable maical need and an obvious financial need. Requests aTe refused if the NHS or other public funds should rovide these items. A small nUMr of requests for respite care in the onn of nursery laces for children will be fimded where there is special need. Referr s will also be considered for h¢] for healthcare prof¢ssionals' rovidin help for course fees, b(x)ks an special equipment nol norn]air rovi the NHS. This discretiorw assislance will be limited to cit cr half the Course fee or £300, whichever is deemed appropriate by the trustees. Grants awarded this year have b¢en given to Purch domestic Lplianccs, beds. floormg. Car seats, adapted furniture and specialisl ment together with respite in the fonn of nursery play sch¢mes. &¢ have continued to supply a large numkr of extra-large Speciall pushchairs. Overall, the level of gtants awarded this y¢arare approximately the same &8 l&st year. Review of last year's aims We ftel that ha . been flexible in our approach &s a committee, we have been success in achievin8 our aims. In particular. we wcre able to CO with the exc£ptioDally gh rale of iDfiatsoJ] by our investment in our rTYeS. Investments Income Ks senerat&l by investments in the Charities. Official Inv¢stment Funds thded tween the Investment Fund Income units and the Fund units. Due to the volatility of th¢ global property markeL weno onger invest any n]orc money m the Prowty Fund. We have continued to cautiously iovest some additsonal money m mvestments
all our grant requests. Aims for the next year Due to the continued economic uncerw caused by the war in Ukraine and the uncertaU¢S that may aTiS¢ from the upcomjn we feel that we should contsnue our aim to IK flexibf election in 2024. e &s a Collllnittee and hofUllY be able ts react to any changing circumstances w¢ encounter. See¢ion 4 Policies Reserves Policy The financial FK)licy of the Association is to maximise the income, consistent with the security of its assets. The Tnjstees wish to kee balance between helpmg recipients now and retaining enough capita generate ¢re¥8 Ome for the future. Grant Making Policy The Charity has limited funds but aims to provide small. relief in need grants lo help those need of our aSsisLce. It is always heart-warniin8 to receive the thank you letters showing how the families who have Ien referred to the Charity. rants have helped the economic uncertainty, we will maintain the ability to increase or d¢cre&s¢ the on the prevai I ceiling figure and number of grants made d¢p¢nding Ing circumsL2nces throughout the year. Investment Selection Poli¢y All th¢ charities fun<L8 are invested in the COIF Investment Funds under the management of the CCLA. The majority of the funds are invested the Investhient Fund Incorne Units. but a pmportion has previously been invested in the Property inv¢stment Fund. C&sh sums are kept in the tkposit Fund and on reachm Trustees, further units will only sufficient levels, as decided by the Fund due to the loss of liquidity in urchased in the main Investment ePro continue to monitor closely th¢ value of, an rrty Invcstment fund. We return on, our investments and are hopeful that our investment income will remain constant. Risks and Risk Managem¢nt Risks to the w01n8 of the charity are". l. If there are economic lincertieS following the upcoming UK electioo the risks we face are reduced investment income. incre&8ed numlrr of referrals received and increased cost of goods and services we buy. 2. Incomplele or incoTre¢tly completed referral fornls. 3. Recruiting new trteeS may become more difficult due to the Risk Management
Risk maement l. The comllllttee will monitor these different factors and wkll distribute our income accordingly. 2. The Company Secretary will liaise with the nurse representatives and other community referrers as how best to access funding from the Charity by completing the fornis accurately. Fornis will now be submitted in advance of meetings to allow any uncertainty to be queri beforehan 3. The committee will cast a wid¢r net than previously adopted and embrace mor¢ creative ideas for recruitment. Section 5 Sigmtllre and D¢¢larAtion De¢larntion I declare in my capacity of Charity Trustffj that th¢ knjstees have approved the rew)rt above; and have authonsed me to sign it on thew behalf. Signature Electronic Electronic Full name Peter Beasley Kathy Peake Peter Beasley Position Chair Vi¢e- Chair Date
CHARITY COMMISSION FOR ENGiAND AND WALES Recei tsand ments accounts To CC16a 01K11r2023 31112r20fJ Section A Receipts and payments Unrestricted RestrFcted Endowment lunds Total fund• La•t y•ar A1 R•cg1 COIF Invesfvni Furxl COIF Plopty FurKS COIF Dewsrt Fj Bank Inttr64t Donati5 49,635 7.697 48,931 7.696 7m7 ln 148 178 148 12 AR) 57.$5B Tol•l IPts A3Pa men P8Uents WellBre Nurses W8lPdttr AdMniStr Fe88 30.096 7,8SO Sub totsi A90 31,490 37.741 A4 A8901 and Inve•tm•nt COIF lTrveslfflwt FuThJ COIF Propth Furvj Sub total 58.49) .490 62.746 Net of rncelpW(paymwrts) . A5 Transforn b•twRen fvnds A6 Ch funds last y•ar end Cash funds this >Tar end 6.107 39,264 33.157 15.1)08 1&(K
Section B Statement of assets and liabilities at the end of the period ategorfg¥ Unrestricted funds Details Restricted fund Endowment funds 81 Cash fund8 1271 I3.8 Total cash funds ¥WJ¥(•ll Endowm•nt fund• funds Detalfs tr)nMM¥t£ Details FurKI to whh 83 Investment 488•t• COIF Prcfty Fj 143.171 Detall$ Currentvaly• loMI B4 A8•0ts r•talned for th• ¢harlty'8 own u Details Jnountth Whpn du• 85 Liabllltlo8 &gned by one trusle85 on ha of all the trust8$5 Swaturp Print Name Date of roval P&Je 2
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinefs report on the accounts Seetion A Independent Examiner'$ Report On accowts14x th• y•v 31rt Dacthntf31fJ 203311 Ikfw 1&2 rthe tsthe yoa eNltrJ 31112 12023. R•iponlbilitiM •nd A¥ the d•trustees rA IhB Trust. yw ¥e reswsknle knlhe FewaboTh cl acc£(rfAKe trb• rj fv ch11&$ 2011 1.the 145 01 thè 2011 Acl crfvYJ ¢)Jt exnal. I h gec. 14¥5Kbl of tr 41. Ind•p•nd•nt •xamI•S $tsl•m•nt to my wnnth)n lh8 glves me O•t•'. GHI Loe R•l•Y•ntprof•••lol qualth0•) or b lrfanyl.. FCGI . P013DE Octob•r 2018
Section B Di$closur8 Onty¢•i8 rf the e¥xrvr ¥ed5 lo mattws (rf (xjrwn (see CC32. Glve here brf8fdots1h ' y It•rn• Ihat th• •x8mlnor wh1• to IER