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2023-07-18-accounts

DocuSign Envelope 1D: ABFD4E9A-610B-4DB0-98E8-A64D9COA945C

. “Charity Registration No. 215652

THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST

REPORT AND UNAUDITED ’ FINANCIAL STATEMENTS

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FOR THE YEAR ENDED 18 JULY 2023

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

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THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST

CONTENTS

Legal and Administrative Information 4
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Trustees’ Report 2
Independent Examiner's Report 6
Statement ofFinancial Activities 8
Balance Sheet 9
NotestotheFinancialStatements 10

DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

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THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees MrAH Jones
MrJH Tuckey
Mr S J Reynolds
; Dr P Mayer :
Dr M Honeyman
Mr M S Hammond
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; Mrs J Fox
Mrs P Hibberd (Resigned 12 January 2023)
Mrs L Beesley (Appointed 11 January 2023)
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Secretary Mrs J Leedham
Charity number 215652
Registered office Shakespeare Martineau
No 1 Colmore Square
Birmingham
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B4 GAA
Independentexaminer David Hoose FCA
Mazars LLP
Two Chamberlain Square ;
Birmingham
B3 3AX
Stockbrokers Canaccord Genuity Wealth Management
Saggar House
Princes Drive
Worcester
WR1 2PG
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' Solicitors Shakespeare Martineau
No 1 Colmore Square
Birmingham
B46AA

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 18 JULY 2023

The Trustees present their report and financial statements for the year ended 18 July 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Trust Deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

Objectives and activities

Application of income (but not part of the capital)

The Trustees first defray all the costs, charges and expenses of the Charity, which are properly payable out of income.

Subject to the payments above, the yearly income of the Charity is applied by the Trustees in such a manner as they shall, from time to time, think proper for the benefit of the sick, in or near the City of Birmingham within a radius of 20 miles from the Council House.

Public benefit

The Trust can make donations or subscriptions to:

a) Any medical or nursing organisation.
b) Any convalescent home.
c) Any convalescent home or rest homes for nurses or other medical or nursing
institution.

The Trust can make grants or contributions for or towards:

(a) Amenities for patients or nursing staff of Birmingham Domiciliary Nursing Service. (b) Amenities for patients or nursing staff of any state hospital.

Reference should be made to the Trust Deed for clarification of the above. The Trustees have considered the Charity Commission's guidance on public benefit.

Reserves policy

The policy of the Trustees is to distribute available funds, as grants, in the year following their receipt. Retained reserves should therefore be minimal.

At 18 July 2023 the Trust had unrestricted funds of £71,141 (2022: £61,862) and endowment funds of £2,099,897 (2022: £2,089,348). In accordance with the policy, the intention of the Trustees is to grant the majority of the unrestricted funds in the year 2023-2024.

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DocuSign Envelope !D: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

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, THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 18 JULY 2023

Grants

The Trustees are mindful of ensuring not only that all applicants fall within the objects of the Charity but also that the grant giving policies and practices, whilst supporting a number of applicants from year to year, ensure relevance to the current needs of our community and provide suitable flexibility for new organisations to receive awards. Careful consideration is given to each application both at the initial pre-selection stage by the Secretary and at the Trustees’ meeting. The Trustees receive all applications well in advance of their annual meeting. in reaching their conclusions, the Trustees pay close regard to not only the written application, but the Trustees give consideration to their financial circumstances and also draw upon the considerable knowledge and expertise which each of the Trustees have in the relevant sectors. ,

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the grant making policy for the year.

The Trustees look forward to making grants to qualifying organisations from the community in future years having : . regard to the regular income stream from the capital portfolio which is invested under advice from their appointed ; stockbrokers,

Achievements and performance

Review of transactions and financial position before charitable grants

The gross income of the Trust for the year ended 18 July 2023 amounted to £84,516 (2022: £70,779).

Administration expenses and stockbroker charges absorbed £23,787 (2022: £16,003) leaving net income for the year before charitable grants of £60,729 (2022: £54,776). During the year £51,450 (2022: £50,700) was distributed by way of charitable grants, leaving a balance of £71,141 (2022: £61,862) available for distribution, which includes a balance of income brought forward from the previous year.

. Investments

During the year the Trust sold investments costing £181,416 (2022: £82,652) leading to a gain on disposal of ; . £85,662 (2022: loss on disposal of £11,294). At 18 July 2023, the total value of the Charity's investments was £2,039,700 (2022: £2,051,878). The Trustees are satisfied that the balance sheet at 18 July 2023 discloses funds adequate to fulfil the obligations of the Charity.

Going concern

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The trustees have considered, in the context of the COVID-19 pandemic, the going concern concept and any associated material uncertainties, the basis of any significant judgements and the matters to consider when confirming the preparation of the financial statements on a going concern basis and the trustees are comfortable that there are not any adjustments required. The trustees expect the Charity to continue in operation for at least 12 months from the date of signing the financial statements.

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DocuSign Envelope 1D: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 18 JULY 2023

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Structure, governance and management

Scheme named ‘The Birmingham District Nursing Charitable Trust’

The Charity, named 'The Birmingham District Nursing Charitable Trust’, is registered with the Charity © Commission under registered number 215652 and is administered in accordance with the high court scheme dated 18 July 1960 which was set up for the benefit of the sick in or near the City of Birmingham within a radius of 20 miles from the Council House.

The investments are held by the stockbrokers, Canaccord Genuity Wealth Management.

The Trustees who served during the year were:

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Mr AH Jones Mr J H Tuckey . Mr S J Reynolds ' Dr P Mayer Dr M Honeyman Mr M S Hammond Mrs J Fox Mrs P Hibberd (Resigned 12 January 2023) . ; Mrs L Beesley (Appointed 11 January 2023) ;

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“At the annual meeting of the Trustees, the longest in office since appointment retire, but are eligible for reappointment.

The power of appointing new or additional co-optative Trustees is vested in the continuing or surviving Trustees. The Trustees seek to appoint Trustees with the appropriate breadth of experience necessary to meet the needs of the Trust, ,

Plans for Future Periods

The Trustees are satisfied with the activities of the Charity in the financial year and continue to actively seek appropriate projects into which to apply the Charity's resources. In particular, the Trustees intend to maintain the strategic direction and purpose of the Charity in supporting the sick, in or near the City of Birmingham within a radius of 20 miles from the Council House.

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Risk Management

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The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to those major risks.

Statement of Trustees’ Responsibilities

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The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). :

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

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THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST TRUSTEES’ REPORT FOR THE YEAR ENDED 18 JULY 2023

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The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for

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In preparing these financial statements, the Trustees are required to:

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The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and-enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ,

The Trustees’ report was approved by the Board of Trustees.

DocuSigned by: DacuSigned by: “WOOBOCOBSOOEAF A... 8997B2820832439...

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Mr AH Jones _ Mr MS Hammond Trustee 7 Trustee Date: ol /| 2/2023 . Date. Ol / i 1 f2OLS

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DocuSign Envelope ID: ABFD4E9A-6 10B-4DB0-98E8-A64D9C0A945C

Charity No. 215652

; THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST . INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

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| report on the financial statements of The Birmingham District Nursing Charitable Trust for the year ended 18 July 2023, which are set out on pages 8 to 16.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

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This report, including my statement, has been prepared for and only for the charity's trustees as a body. My work has been undertaken so that | might state to the charity’s trustees those matters | am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept - or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination : work, for this report, or for the statements | have made. ,

Basis of independent examiner's report

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My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures inthe financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

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In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:

David Hoose (Dec 20, 2023 16:06 GMT)

Dec 20, 2023

DocuSign Envelope.ID: ABFD4E9A-610B-4DB0-98E8-A64D8C0A945C

Charity No. 215652

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THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES :

FOR THE YEAR ENDED 18 JULY 2023 .

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Unrestricted Endowment Total 2023 Total 2022
funds funds
Notes £ £ £ £
Income from:
Dividends and interest 3 84,516 - 84,516 70,779
Expenditure on:
Charitable activities 4 (75,237) - (75,237) (66,703)
Net (losses)/gains on investments 8 - 10,549 10,549 (201,917)
Net movement in funds 9,279 10,549 19,828 (197,841)
Total funds brought forward 61,862 2,089,348 2,151,210 2,349,051
Totalfundscarriedforward 71,141 2,099,897 2,171,038 2,151,210

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

Charity No. 215652

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THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST BALANCE SHEET AS AT 18 JULY 2023

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |_|2023|2022| |Notes|£|£|£|£|;| |Fixed|assets| |Investments|9|"2,039,700|2,051,878| |Funds|held|by|Stockbrokers|—|Capital|16,208|3,644| |2,055,908|2,055,522|-| |Current|assets|.| |Funds|held|by|Stockbrokers|—|Income|119,870|100,427| |Cash|at|bank|and|in|hand|-|-| |119,870|100,427| |Creditors:|amounts|falling|due|within|one|year|10|(4,740)|.|(4,739)| |Net|current|assets|115,130|95,688| |Total|assets|less|current|liabilities|2,171,038|2,151,210| |Capital|funds| |Endowment|funds|—|capital|12|2,099,897|2,089,348| |Income|funds| |Unrestricted|funds|—|undistributed|income|11|71,141|61,862| |2,171,038|2,151,210| |The|notes|from|pages|10|to|16|form|part|of the the|financial|statements.| |The|financial|statements|were|approved|by|the|Trustees.| |DocuSigned|by:|BocuSigned|by:| |4D2B9C2B309E4F A...|8997B2820832439...| |Mr A|H|Jones|Mr MS|Hammond| |Trustee|Trustee| |Date.|Of {i 2.||2.022|Date:|(D4 /|j 2/2.|45|

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.’ The notes from pages 10 to 16 form part of the the financial statements.

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

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Charity No. 215652

THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 JULY 2023

Charity information

The Birmingham District Nursing Charitable Trust is an unincorporated Charity registered with the Charity Commission for England and Wales. The address of the Charity's registered office is Shakespeare Martineau LLP, Homer House, 8 Homer Road, Solihull, B91 3QQ.

Accounting convention

The financial statements have been prepared in accordance with the Charity’s trust deed, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reportingby Charities preparing their accounts in accordance with the Financial Reporting Standard applicable inthe UK and Republic of lreland (FRS 102). The Charity is a Public Benefit Entity as defined by FRS102.

The financial statements have been drawn up under the historical cost convention as modified by the revaluation of investments.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The trustees have considered, in the context of the Covid-19 pandemic, the going concern concept and any associated material uncertainties, the basis of any significant judgements and the matters to ‘consider when confirming the preparation of the financial statements on a going concern basis and the trustees are comfortable that there are not any adjustments required, The trustees expect the Charity to continue in operation for at least 12 months from the date of signing the financial statements.

Charitable funds

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Incoming resources

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All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met, and there is probability of receipt. Where a claim for repayment of income tax has or will be made, such income is grossed up for the tax recoverable. The following accounting policies are applied to income:

Investment income

Investment income for the year is the amount due for the year and credit is taken for any income accrued at 18th July 2023 but not received.

Grants

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Grants made by the Charity are charged against income in the year in which they are made.

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DocuSign Envelope |D: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

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; Charity No. 215652

THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 JULY 2023

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1) Accounts policies (continued)

Charitable activities

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Expenditure on charitable activities comprises expenditure directly relating to the objects of the Charity.

Governance costs

Governance costs relate to expenditure incurred on the Charity's organisational administration and compliance with constitutional and statutory requirements. Governance costs are included within total expenditure on charitable activities.

Fixed asset investments

Listed investments are stated at bid price which is market price as at 18 July 2023. All movements in value are shown in the Statement of Financial Activities.

Realised and unrealised gains and losses are shown in the Statement of Financial Activities.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments

The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments’ and Section : 12 ‘Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. ;

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Taxation

The Trust is a registered Charity and is exempt from income and corporation and capital gains tax provided its income and gains are applied for charitable purposes.

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DocuSign Envelope ID: ABFD4E9A-6 10B-4DB0-98E8-A64D9C0A945C

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Charity No. 215652

THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 JULY 2023

2) Critical accounting estimates and judgements

In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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3) Dividends and interest

Dividends and interest ; :
. 2023 2022
£ £.
Income from listed investments 83,141 70,768
Interest receivable 4,375 11
84,516 70,779

Dividends and interest of £84,516 (2022: £70,779) were unrestricted.

4) Charitable activities

2023 2022
£ £
Secretary remuneration and legal charges 12,503 11,263
Accountancy charges ' 2,641 2,640
Independent examination charges 2,100 2,100
Investment management charges 6,543 . -
23,787 16,003
Direct grants (see Note 5) 51,450 50,700
75,237 66,703

Expenditure on charitable activities of £75,237 (2022: £66,703) was unrestricted.

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

Charity No. 215652

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THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 JULY 2023

5) Grants payable
2023 2022
£ £
Grants to institutions:
Acorns Children's Hospice Trust - 2,000
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Acacia Family Support 2,000 2,000
Age UK 3,000 -
Birmingham Centre for Art Therapies (BCAT) §,000 5,000
, Birmingham Children's Hospital 3,000 -
Birmingham Children's and Women's Hospital - 2,700
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Birmingham Samaritans 3,000 -
BTPP 3,000
Hospice Charity Partnership (St Marys and J Taylor) - 4,500
BUDS 3,000 2,500
Cerebral Palsy Midlands
.		 2,000 2,000
Ex Cathedra 3,000 3,000
Child's Brain Injury 3,000 -
Freedom from Torture - 3,000
Heart Care (WRHLT) ; 4,000 4,000
Myton Hospice - 2,000
Kemp House Trust Limited - 2,000
Primrose Hospice 2,000 2,000
Ronald Macdonald Housing - 3,000
St Mary Stevens Hospice 2,700 . 2,000
St Giles Hospice 2,000 2,000
University Hospitals Birmingham Charity (UHB) Charity 3,000 3,000
Waisall Carers Centre 1,750 1,500
Edwards Trust 3,000 2,000
Muscular Dystrophy Support 3,000 2,000
Young Lives v Cancer (formerly CLIC Sargent) - 1,500
51,450 50,700

The total grants payable to institutions were £51,450 (2022: £50,700). The total number of organisations that the grants were paid to was 18 (2022: 21). :

6) Trustees

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None of the Trustees (or any persons connected with them) received any remuneration, benefits or expenses from the Charity during the year (2022: Nil).

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

Charity No. 215652

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THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 JULY 2023 :

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7) Employees

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. There were no employees during the year.

8) Net (losses)/gains on investments

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2023 2022
£ £
Revaluation of investments 11,913 (197,566)
Movement in funds held by stockbroker (1,364) (4,351)
10,549 (201,917)

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9) Fixed asset investments

Fixed asset investments :
Listed investments
, £
Valuation
At 19 July 2022 2,051,878
Additions 242,987
Valuation changes 11,913
Disposals (267,078)
At 18 July 2023 2,039,700
Carrying amount ;
. At 18 July 2023 2,051,878
At18July2022 _. 2,051,878

The historical cost of the listed investments as at the year-end were £1,547 ,695 (2022: £1,486, 124). There were no material holdings that represent over 10% of the investment value in the year (2022: none).

10) Creditors: amounts falling due within one year

, 2023 2022
€£ £
Accruals and deferred income 4,740 4,739
4,740 4,739

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

Charity No. 215652

THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 JULY 2023

11) Unrestricted funds

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Movement in funds Movement in funds
Balance as at Incoming Resources Balance as at
19 July 2022 resources expended 18 July 2023
Unrestricted funds 61,862 84,516 (75,237) 71,141
61,862 84,516 (75,237) 71,141

12) Endowment funds

Endowment funds represent assets which must be held permanently by the Charity. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included as : unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Movement in funds
Balance as Incoming Resources Revaluation Balance as
at 19 July resources expended gains and at 18 July
2022 losses 2023
Endowment funds 2,089,348 - - 10,549 2,151,210
2,089,348 - - 10,549 2,151,210

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DocuSign Envelope ID: ABFD4E9A-610B-4DB0-98E8-A64D9C0A945C

Charity No. 215652

THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST . NOTES TO THE FINANCIAL STATEMENTS ; FOR THE YEAR ENDED 18 JULY 2023

13) Analysis of net assets between funds

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Unrestricted Endowment Total
funds funds
£ £ £
Fund balances as at 18 July 2023 are
represented by:
Fixed assets - 2,055,908 2,055,908
Current assets 75,881 43,989 119,870
75,881 2,099,897 2,175,778
Less: liabilities : . . (4,740) - (4,740)
71,141 2,099,897 2,171,038 oe
‘ . Unrestricted
Endowment		 . Total
. funds funds
£ £ £ ,
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Fund balances as at 18 July 2022 are
represented by:
Fixed assets - 2,065,522 2,055,522
Current assets 66,601 33,826 100,427
66,601 2,089,348 2,155,949
Less: liabilities (4,739) - (4,739)
61,862 2,089,348 2,151,210

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14) Related party transactions

Mr M S Hammond, a Trustee of the Charity, is an employee of University Hospitals Birmingham Charity. Dr M Honeyman, a Trustee of the Charity, is also a Trustee of BTPP Charity.

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