ictOTia utsing iation Financial Statements and Annual Report 1° January - 31" December 2024 Charity name Portsmo¥lh YKti)ri* Nursillg Asqo¢iatio Often known &4 Charity ¢wunA￿lOn regislered Number 203311 Section I. *Ad AdmiDi8trxtive IMformat￿ For financial year beginning And ending 1° January 2024 31° D￿ber 2024 Charity's principal address 14 Clegg Ro&J Southsea P049 Charity'$ email addrass pvnaeharlty@￿naII.cQM Governing Do¢umart: Scheme8 of I l December 1956. 22 May 1969 and 13 September 1979 Objectives of the Charity". To provide financial help to support thos¢ within our community who are in trt)th medical and financial need in the area which stret¢hes from Pet¢rsfield to Titchfield and everywhtte down to the Solent including Fareham. G0S￿r( Portsmouth, Havant and Hayling Island. Specific inveslment N)wers: The Trustees investment powers are now conferred by the Trustees Act 2011 Profttsional Advi$ths: CCLA Invtstm¢nt Fund Management Ltd Lloyds Bank PLC Gillian ￿dge Independent Examiner University of Portsmout￿ Richmond Buildin& Portland Str# Port5moutt4 POI 3DE Se¢don 2. Names of Tr￿5* P Be8sley (Chair) P Coonan S Eardley-stiff K Peake (Wictrchair) S Hurhangee Comp8ny Secrdary Greg NugenL TTUStee se1t￿l0ft methcrfl TTh￿ are apw)inted by resolution of the existing Iwstee body. Tru5tres to serve for five yeaTS with an Ovion to renew. Section 3. Aeilvldes and AcbReYements Charity's aclivities and achievements during the y¢ar Committee Stn The committee is made up of the T￿￿tee5 and the Company Secretary. RefeTrnls are received The Nurse R r￿en￿tiveS from District Nurses, Health Visitors. ool NurAQ8 an other Community Nurses. The Com also receives referrals direct from Social Services, ional erdpists and Citizen Advice ￿rsonnel. Each etsass e company secretsry before bein ented to the mittee for consideration on the medical. social, an Inancial aspects of eath referral. Recipients Referrals are made io assist with the rch&se of medical equipmenL furnitur< electrical oods and special cfothing togetherwith respite care when needed for Families or individuals who have both a clearly iden¢ifiabl¢ medical need and an Obvio￿ financial need. ReqU￿ts are re(￿￿ if the NHS or other public funds should rovide these items. A small number of reqU￿ts for respite care in the orni of nursery laces for childm will b¢ fimd¢d wh¢r¢ there is special need. Referra also be considerd for hel for heaithcare PTofessionals" help for ¢ours¢ fees, ￿0kS an special equipmenl not nornlal y pmvi edby the NHS. This dIsc￿lOnary assistance will be limited to either half the course fee or £3(X). whichevff is deemed aPPTopriate by the trustees. Grants awanknl this year have been given to purchase domestic lian￿8. be&. floonn& w seaLs. adapted furniture 8nd specialist ment together with respite in the fom of nursery play e have continued to supply a I $￿cla11st pushchait3. This year we have expan e number of extra-larse range ofspecialist push chairn that we provide. Overall. the l¢vel of grants aworded this last year. This is due to a combination o ear is less than same period as S Teceiving lower numbers of requests frorn our regular referrers and having a larger number of uests that fail to meet our acLeptsnce criteria. Review of1&8t year's aims We feel that havin IMI flexible in our a ch as a committee, we bytheon l in achieving our aims. ue to th¢ problems rauscd inflation oing conflicts worldwide, economic uncertainty and hi vc persis￿d however our inveSkn￿t income has Maintai￿d. The election in July w&8 a clear result without any significant matket fallouL Inv&stments IncA)me is saleraled by inV￿n￿￿ inthe Chartties, Official Investment Funds divided between th¢ Investment Fund Income units atLd the Prope weno Fund units. Due to the volatility of the global propety marfceL onger Anvett any more rnoney in the Pro￿ Fund. W¢ have continued to Cauiiously invesi some &ldilional tnoney in investments th CCLA whlle e￿SurIng we have ￿0V8h of a cash balance to ￿lfIl ail our gTant requ￿. Aims for the next yeor conflicts worldwide. w¢ feel that we shou caused by the ongoing d continue our aim to be flexible as a committee and hO￿fullY be able to react to any changing Circumstanc￿ we ui¢ounter. In li year. we will aim to incre&se this t of our reduced grdnt making this ref¢rrets of the grants available. Section 4 Pdld Reserves Policy The financial p)licy of the A&￿CIatiOn is to maximise the income. consistent with th¢ S￿￿rity of its assets. The Tn￿teeS wish to k balance between helping reci ients now atyj retaining enough capi or the future. Grant Making Policy The Charity has Ilrnited funds bth aims to provide small, relief in need. grants io help those in need of our &8ststsnce. It ig always heart-warniing to recetve the thank you letters showing how the families who have been referred to the Charity. ts have helped ihe economic uncertain n light of the current we will mainlain the ability to iTturase or t ceiling figur¢ and number of grants made depending Ing Circumst8￿ throughout the year. on the Prevai Investment Selection Policy All the charities fu￿ts are inv&sled in the COIF Investment Funds und¢r the monagement of the CCLA. The majority of the funds are invested In the Investment Fund Income UniL% but a proportion has previously tEen Inv&8ted in the Prop¢rty Inv￿lMent Fund. Cash sum5 are kept in the DeFX)Slt Fwid and on reachin TnL8tee4 further units will only sufficient levels. as decided by the Fund due to the10&8 of liquidity in urch&8¢d in the main InYestsn¢nt continue to monitor closely the v￿ue of. an Investment Fund. We return on, our investments and are IKTrpeful that our investment income will r¢main constant. Risk5 and Risk Manage Risks to the w¢xking of the ch&Tity l. If there are economic uncertainties with the ongoxng conflicts worldwide. the risks we r￿e are r&lucal investment income, and i￿reaSed cos¢ of good8 and str¥ices we buy. 2. Inc