CHARITIES IN ASSOCIATIOIY WITH THE LEAGUE OF ST. BARTHOLOMEW'S NURSES ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2021 Charity Number . 275165 Contents Page Trustees, report Independent Examinerfs report Consolidated statement of receipts and payments Consolidated statement of assets and liabilities Benevolent Fund statement of receipts and payments Benevolent Fund statement of assets and liabilities Benevolent Fund notes to the accounts Stewart Baines Coltart Scholarship Fund statement of receipts and payments Stewart Baines Coltart Scholarship Fund statement of assets and liabilities Stewart Baines Coltart Scholarship Fund notes to the accounts CHARITIES IN ASSOCIATIOPI WITH THE LEAGUE OF ST. BARTHOLOMEW'S NURSES TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2021 ¢8 nd admlnl n detal R•gistered charlty number: 275165 Charity's prln¢lpl• addr•ss: The Post Room, St. Bartholomev/s Hospital Wesl Smithr￿ld, London EC1A 7BE Namos of charlty Iru$t•os who manag• tho charlty: The persons listed below acted as trustees of the League Ihroughout the year. Mrs E Wood.Dow OBE President of the League Mrs N Marks Mrs R E Campb811 Honorary General Secret8ry Honorary Treasurer Mrs H Math8WS Honorary Secretary- Benevolent Fund Mrs J Gillett Honorary Treasurer- Benevolent Fund Miss D Shedaw (Chair) Mrs A Hayward Honorary Secretary- Stewart Baines Collart Scholarship Fund Honorary Treasurer- Stewart Baines Coltwt Sthlarship Fund Dame Nancy Hallett External adviser to ts trustees All Trustees ale Honorary roles,. AHarvey and M.Nicol resigned November 2020 i￿1 did not tske up employment ￿th the charty on resKJnation. Stru¢t overnance and rnan ement The League is governed by a constitution do¢umenl that was last revised and updated in 2015 and is managed by Ihe Lea9ue Executfve Committee. Members of the Executive Committee are elected every three years., the President serves a five-￿ar temi of office and may be re4lected for a second te￿. Ob ectlv nd activities The objects of the League ar&". 1. To further the best interests of nurslng and the nursing profession. 2. To afford mutual help and lo promote social interaction. 3. To promote and maintain a Benevolent Fund for the benefrt of League members and St. Bartholomew's nurses who trained prior to September 1993. 4. To promote and maintain Scholarshlp Funds for the b8nefil of League members. In accordance I￿¢h the Cor￿titution. the Benevolent Fund is avallable to provide 8sslstan¢e not only lo League members. but also to any nurse who trained at Sl. Bartholomews Hospital. The Sub-￿mmIttee, which administers the Fund on beham of the League. Is c¥)ncerned lo give asslslan¢e lo those who are going through periods of hardship. The $u*ommittee welcomes all applications and enquirw6. The sub-commlttee meets six times a year, bul urgent requests are considered throug1￿1 the year. Meetlngs have all been held virtually 2020-21. The Cwntwide Netwjrk of Friendshlp facilitates local visits lo members would appreciate support and friendship. The &holarship Fund financially assists members of the League with course and eorrference fees and associated costs of study. A sub-commlttee adminislws th8 fund and meets four times a year to consider applicat￿n$ for assistance wlth funding. These meellngs have all been held virtually 2020-21. Page 2 CHAIUTIES IN ASSOCIATION WITH THE LEAGUE OF ST. BARTHOLOMEWIS NURSES TRUSTEES. ANNUAL REF>ORT FOR THE YEAR ENDED 30 APRIL 2021 (Continued) Achievement and rformancg In achieving the objects of the charities the trustees have been mindful of the Publrc Benefit requirement of the Charity Commission with particular regard to the 8dvanc*ment of edu¢alion and the relisf of financlal hardship or other disadvantage. The Ben￿olent Fund has provided funds for the ￿lief of FK>vety and has also provided speclfic items and care for those who are disadvantaged by age, 111 health, disability, financial haidship or other disadvantage. During the Coronavirus pandemic a 8YJtem of emergon¢y award$ has been established. The Countrywide Network of Friendship seeks lo contact those who need help and suppwt and lo ensure that practical andlor financial resources are offered. League Reglonal N8fvK*ks have now boen established In three regions enabling members lo gel together for social evenl$ that are closer to home. These 98t-logelhers have been very SU¢C¢Ssful and11 is hoped that more netVKKks wlll be established in the future. The League Scholarship Funds have supported members In professional studies in order lo enhance thelr skills and kn￿￿edge for the bengfil of the organisallons for whkh members wyjrk and. in turn. for the patients and wmmunit Ihey Swve. The Sch(Aarship Funds have also supported League mombers in a wrde range of other siudies that provide OPF#J￿n1tieS for personal development and transferable skills. Detail$ of achievements and perfomian¢e of t1￿ Benevolent Fund and Scholarship Funds are published annually in the League News. Some benefrciaries are resident outsrde England and Wales, bul transfer of money through the ￿gUlated banking system. No serious incidents have occurred during the current year. Flnan lal ROVI￿¥ The trustees, policy is lo build s*rsfactory levels of fiJnds to provlde a secure base lor the fu￿lMent of the charitsble objeclives. The charit￿S. Funds are managed by Ravenscroft Investments UK who provlde professional advice arK regular reports. An annual remew meetlng takes place. No grant funding from central govemmenl or local aulhorty is receNed and during the current year no income has been received from outside the UK. No Trustees have ￿CeiVed remuneration olher than expenses incurred. In lkne vdth the Charity Commlssion good practice recommèndattons, the Trustees have developed a Charity Governan￿ Code Assessment document and have a Risk Management Strategy and a Complaints and Feedb¥k procedure. The Charitable Funds Management and Charity Grant Making Policies have been updated and a programme for UFrfJating the other existing wjlicies has been initiated. An Investment Policy has been written and flnalis8d in order to ensure good govomance of investments. Afi League poli￿eS are availatrje via the League website. oclaratl The trustees declare that they have approved the trustees, report a￿ve. Signed on behalf of the charity's trustees.. 012na Sherfaw Chair of Trustees Dated.. 21 June 2021 Page 3 CHARITIES IN ASSOCIATION ￿Tll THE LEAGUE OF ST. BARTHOLOMEW*S NURSES AcCOUTr￿s FOR THE YEAR ENDED 30 APRJL 2021 Charity Number: 275165 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHARITIES IN ASSOCIATION WITH THE LEAGUE OF ST. BARTHOLOMEW'S NURSES Ind•pond•nl examlnerfs report to the Irust••g of th• Charl11￿ in AG8oclatlon wtth thfr Loagu• of SL Bartholom•vPs Nur8e8 I report lo the charity trustees on my examination of the accoun15 of the Charilbes in Association with the League of Sl. Bartholom&¢s Nurses for the year ended 30 April 2021. Rosponslbllltl•8 and basis of report As Ihe Gharty trustees of the Charitable Fund$ you are responsible for the preparation of the accounts in accordance with the requirements of the Chariti8s A¢1 2011 (Ih8 Act'i. I report In respect of my examination of the Charitable Funds, accounts carried out under section 145 of the Act and in csrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independ•nl •xamlMrf$ statem•nt I have completed my examination. I confirm that no malerial matt8rs have come to my attention in connection with the examinalton giving me cause to beliwe that In any malerial Tespect.. accountin9 records were not kept in Tr5￿t of the Charttable Funds as required by Section 130 of the Act; or the accounts do not accord the accounting records., or the accounts do not comp￿Y with the appliCa￿e regul￿MentS conceming the forni and Cont￿ of accounts $gt out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement Ihal the a¢￿￿nIS give a 'true aThl fail view which Is not a matter considered a$ part of an independent examination. I have no concerns and have com8 across no other matters in connecllon with the examination lo which attention sh¢)uld be drawn in this report in order lo enable a prop8r understanding of the accounts to be reached. J.R.Ch•mpion FCA McLean Reid Chartered A¢¢ountants & Registered Auditors 1 Forstal Road A￿eS1(¥d Kent ME20 7AU Dale: 22rd June 2021 Page 4 CHARJTIES IN ASSOCIATION WITH THE LEAGUE OF ST. BARTHOLOMEW'S NURSES CONSOLIDATED STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30 APRIL 2021 Sl8wart 8aln&s Collart Benevolent Scholarship Fur Fund (pages 6 10 7} (pages 8 to 9) 2021 Total 2020 Total R•c•ipts Donatlons,logaclo8 and oth•r simllar r•¢oipts Donations & legacies Tax r￿laIM on grft 8id d0ftat￿ns Grants ￿tUrned Inve8lm•nt Income r•colpts Income from investments Deposit account interest Income from Trust funds R•celpts from sale of Invo•tm•nts TOTAL RECEIPTS 1101 3749 22923 125 850 55552 19468 75020 15 87877 135 241 476357 537806 137317 157893 613674 695699 569824 681734 Paym•nts Charltable paymonts Grants paid Management and adminl$tralKJn Other •xpgndlluro Purthase of investments League News ¢osts TOTAL PAYMENTS 58433 11296 20033 6787 78466 18083 135474 23949 414673 13982 498384 135552 550225 13982 660756 638098 13998 811519 162372 Net r•c•lptsllpayments) 39422 (4479) (129785) Cash fiinds 18styear end Cash fynds thls year end 51924 91346 32501 28022 84125 119368 214210 84425 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 30 APRIL 2021 Stewart Baines Coltsrt Benevolenl Scholarship Fund Fund (pages 6 to 7) (pages 8 to 91 2021 Total 2020 Total Cash funds Bank deposit account Bank current account Cash in hand 68692 13651 J03 91348 26133 500 1389 28022 94825 14151 10392 119368 68510 5213 10702 84425 Investment assets Investments al cost 1142173 441062 1583235 1684835 Investments at market value 1539389 499096 2038485 1667224 It is the Tiuslees, p)licy lo accumulate SUff￿lent funds to realise the Trust Deed oble¢tive5. All funds are uNe$tricted. Pa98 5 BENEVOLENT FUND STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30 APRIL 2021 2021 2020 Note Recelpts Donatlons, legacles and other slmllar ro¢eipts Donat￿nS Legacies Tax reclaims on gift aid donations Investment income rocelpts Income from investments Income from JG HammorKI Trust Deposit account interest Oth•r receipts Receipts from sale of investments TOTAL RECEIPTS 1648 1000 3000 13330 9593 125 55552 241 65048 476357 537806 416090 504269 Payments Charitable payments Grants paid Publication of League News League News postage & statronery costs Management and administration Other expenditure Purchase of investments 58433 8883 5099 11296 101129 9049 4949 15370 414673 498384 462490 592987 Net {payments)Irecelpts 39422 (88718) Cash funds last year end Cash funds thls year end 51924 91346 140642 51924 STATEMENT OF ASSETS AND LIABILITES AS AT 30 APRIL 2021 Note 2021 2020 Cash funds Bank deposlt account Bank current account Cash floats 68692 13651 9003 91346 40139 4713 7072 51924 Investment assets Investments at cost 1142173 1228223 Investments al market value 1539389 1267555 Page 6 BENEVOLENT FUND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2021 1. Ac¢ounting basis These ac¢oLtnts have been prepared using the 'receipts and payments basis. and comply with sectton 133 of the Charilles Act 2011. 2. In¢om• tax r￿0VOry The Benevolent Fund has recelved Income tax refunds totaming £3000 {2020: £125) during the year. Thls represents income tax redaimed on grft aid donatlons received during the tax year to 51h April 2020. 3. Accountancy charg The Benevolenl Fund has pad ￿COUntar￿ charges of £1220 (2020.. £1160) to The League of St Bartholomews Nurses General Fund in respect of share of accountancy charges for the year ended 30th April 2020. Thts sum 1$ shown as part of the 'management and administrab'on. cost in the accounts. 4. Stockbrokw fe Included In 'man4ement and adminislr81ion' costs is £9753 (2020.. £12452) relating to the administration ￿sts incurred by Vartan Ravenscroft, the charity's stod above. th888 costs also ir￿ude the cost of Iruslee meetings along vAth office and communiCat￿n costs. 6. Cash floats Included in the cash float is a figure of £7072 {2020.' £70721 held by Vartan Raven$¢roft, stockbrokers. 7. InvoStm•nts MaTket value Nominal Cost Monlanaro UK Small Ords Blackrock Wodd Ml Ords Cty of London Murray Inlemalional Tn$8t Sequoia Econom Schroeder Unit Trust Investment FurKI Servi¢es Ltd Fundsmith LLP Supermarket Income 64000 units 13￿0 unil$ 22500 units 63CrfI units 68000 units JJOO units 40￿0 unrts 10500 un g)000 untts 75794 50140 75512 74748 68352 81752 51812 51983 53366 82160 75978 72624 78012 56360 56520 56750 F-111 Madborough Fd Mgr Multl Cap Im)me Digital 9 Infrastructure EqurtN8s Investment FurKI for Charities (CharrfuTrJ) BNY Mellon Fund Managers Gor& Street Energy FIL Inv SVCS UK Global NB Private Equity Class 'A' I Flrst Trust Global US Equity Link Fund Solutions Ltd SDCL Energy Efficient In¢ 56000 unlls 50000 units 16500 units 47633 units 30000 units 35000 units 4400 units 4500 units 40000 units 50000 units 71154 51306 61281 50260 30854 87494 55250 252488 66158 31050 7332S 61160 98078 91332 57000 49937 60173 743go 52864 Total as at 301h Aprfl 2019 1142173 1539389 APPROVAL OF ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2021 l approve the statement of receipts and payments, stat8m8nl of assets and liabilities and notes on pages 6 and 7 arKI confimi that I have made available all relevant records and infomation for thelr preparation. Jill Gillett Hon. Treasurer 21￿ June 2021 Page 7 STEWART BAINES COLTART SCHOLARSHIP FUND STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30 APRIL 2021 2021 2020 Note Receipts Donations, legacles and other slmilar r•ceipts Donations received Legacies received Investment Income rec•lpts Income from Investments Deposit account interest Income from JG Hammond Trust Other receipts Receipts from Sale of inveslments Awards returned TOTAL RECEIPTS 1101 19468 22829 52 137317 153734 850 177465 157893 Payments Charltsblo paym•nts Grants paid Managemenl and administratSon Share of accountancy fees Other expenditur• Legal fees Purchase of investments 20033 4161 1220 34345 5338 t160 1406 135552 2081 175608 TOTAL PAYMENTS 162372 218532 Net (payments) (4479> (41067) Cash fvnds last year end Cash funds thls year end 32501 28022 73568 32501 STATEMENT OF ASSETS AND LIABILITIES AS AT 30 APRIL 2021 Note 2021 2020 Cash funds Bank deposrt account Bank current account Cash float 26133 500 1389 28022 28371 500 3630 32501 Inv•stment assets Investments at cosl 5 441062 456612 Investments at market value 5 499096 399669 Page 8 nuJiryJ(n7JTrin JCLfeLJQ+ G)G)W&J ## **Scholarship Committee Annual Report May 2021** **The Stewart Baines Coltart Scholarship Fund Registered Charity 275165** Madam President and members of the League, I have great pleasure in presenting the Annual Report of the Stewart Baines Coltart Scholarship Fund Committee for the financial year ending 30[th] April 2021. The aim of the Scholarship Fund is to provide fully paid-up League members with financial assistance to help enhance life, career and retirement. We do this by supporting study and associated costs for courses and conferences. The committee has continued to comply with restrictions imposed by the COVID 19 pandemic and has met virtually on four occasions over the past year. In spite of the occasional technical issue, these meetings have been well attended and have given us food for thought for the future. If we can manage to run hybrid types of meetings, it would give members living too far away to travel to London regularly the opportunity to serve on the committees. However, at present, this is a work in progress. My thanks are due to our committee members who have been patient and helpful with our new processes. Alex Hayward has now taken over as Honorary Treasurer and has settled in, with new ideas and I look forward to working with her for years to come. We have now completed the process of merging the three Scholarship Funds which has so far, as we anticipated, made our processes less complicated and more transparent. This year, **17** League members have submitted **19** applications, quite a reduction on last year, which we feel reflects the COVID 19 pandemic. Of these applications, a total of £31,414 has been agreed, of which £20,033 has so far been claimed, including two payments (£3,000) carried over from the last financial year. A deficit of £8,725 in the total agreed is accounted for by employers offering to pay fees before the recipient claimed the award from us. We have also deferred two applications, for consideration at a later date, requesting further information from applicants, both to ensure good governance and to fulfil our obligations to the Charity Commission. Unfortunately, we have at times been disappointed with the quality of completion of application forms; this has meant that we have been unable to make decisions, resulting in extra work and a delay in awarding grants. We have agreed awards for a variety of degree and diploma programmes and courses. Notable is the lack of applications to assist with attending conferences, clearly also due to the current global situation. We have also noticed that many of the applications we have received are for non-nursing studies. Historically we have not differentiated between professional and personal development, but in the current financial climate this is possibly something we may need to address in the future. Ravenscroft Investments UK continue to manage our investments and the uncertainties surrounding Brexit have been totally eclipsed by the Global Coronavirus pandemic. Global stock markets have all been affected and this is having an impact 1 on investment income into the Scholarship Fund, which has necessarily affected the level of financial support that we can offer. So far, we have continued to receive sufficient income to provide some level of funding to all applicants, but we cannot guarantee always being able to honour the request in full, or indeed to offer ongoing continued support for lengthy courses. We do encourage members to submit applications, they are all carefully considered and there is no limit to the number of times members can apply for assistance. For details of income and expenditure for the past year,please see our accounts pages We ask recipients to submit a report on completion of their studies, identifying how their new skills have affected their practice or their life; these make interesting reading, as you will no doubt have seen in the League News. We look forward to the year ahead and to being able to assist more League members with a variety of studies and conferences. 2 ## **Scholarship / Education Committee Annual Report May 2021** ## **May 2020 (4 applications, 4 awards agreed)** ## **(1:2020/21)** Junior Sister, Adult Critical Care Unit; Cardiorespiratory MSc ## **(2:2020/21)** Lead Nurse, Pre-Assessment; Block Printing and Quilting Course **(3:2020/21)** Retired; Open University BA (Hons) English Literature **(4:2020/21)** Retired Research Nurse, Research Project Manager and Head of Research Governance; UK Society of Celebrants Family and Funeral Diploma **September 2020 (4 applications, 4 awards agreed)** **(5:2020/21)** Part time Community Band 5 Staff Nurse; End of Life Care Course ## **(6:2020/21)** Lead Clinical Nurse Specialist for children with intestinal failure; Resilience Based Clinical Supervision Programme **(7:2020/21)** Previous County Council Occupational Health Advisor; Occupational Health BSc **(8:2020/21)** Medical Centre Advanced Nurse Practitioner and Lead in End of Life Care; Professional Doctorate in Health ## **November 2020 (4 applications, 4 awards agreed) (applicant 12 non claimant)** ## **(9:2020/21)** Nurse Practitioner & Non Medical Prescriber with MOD in Cyprus; MSc Advanced Clinical Practice, University of Cumbria ## **(10:2020/21)** Student, wife, mother & home maker; Creative Writing BA (Hons), University of Winchester ## **(11:2020/21)** Retired, previous Associate Professor, University of Warwick Medical School; Production of Photobook to celebrate 50[th] Anniversary, Set 96 ## **(12:2020/21)** Sister, Adult Critical Care Unit; BSc (Hons) Nursing (Professional Practice) Top Up, Middlesex University ## **March 2021 (7 applications, 5 awards, 2 deferrals) (applicant 16 withdrew pre meeting)** ## **(13:2020/21)** Nurse Team Leader and Advanced Nurse Practitioner in Sexual Health; Supporting Learners in Practice ## **(14:2020/21)** Semi retired external verifier for City & Guilds Health and Social Care Courses; Diploma in Naturopathic Nutrition at the College of Naturopathic Nutrition 3 ## **(15:2020/21)** Retired Nurse, Midwife, Health Visitor, Teacher and Researcher; Golden Egg Academy Wales and South West Story Foundations Course ## **(17:2020/21) Deferred to next meeting** Advanced Nurse Practitioner and Lead for End of Life Care; Professional Doctorate in Health, University of Lancaster ## **(18:2020/21)** Retired Research Nurse, Research Project Manager and Head of Research Governance; UK Society of Celebrants Family and Funeral Diploma (Fast Track) ## **(19:2020/21)** Newly redundant International Development Director; PhD Global Health, London School of Hygiene and Tropical Medicine ## **(20:2020/21) Deferred to next meeting** Self employed Complementary Therapist and Trainer supporting families through fertility, pregnancy, birthing and post partum; The Heal and Thrive Method Energy Healing Diploma Course **Diana Sherlaw Honorary Secretary** **Alexandra Hayward Honorary Treasurer** 4 Benevolent Fund report year ending 30 April 2021 Madam President and members of the League I am pleased to present the report of the Benevolent sub - committee for the year ending 30 April 2021. At our year end in April 2020 we had just entered the first National lockdown with all the uncertainty of the Covid Pandemic while this year restrictions are easing and we are emerging from a most difficult year on so many fronts. Despite Brexit and the Pandemic our funds remain very healthy boosted by generous donations and legacies. Full details as usual will be printed in the League News. Financial awards in excess of £58.000 have been made this year to both working and retired members. These include mobility aids, convalescence, physiotherapy and emergency grants to help in times of unexpected crisis. Christmas cards with gift stamps or fridge magnets were sent to 465+ members worldwide who qualified more than 60 years ago. 64 flower gifts were sent to members recovering from accidents, returning home from hospital, experiencing bereavement or celebrating special life events. Letters were sent to members who qualified in 1961, 60 years ago, reminding them of the League and how the Benevolent fund can help in times of financial need for any reason. In return we have received lovely letters, emails and telephone calls of thanks and learnt of amazing professional and personal experiences and adventures. All say how proud they are to be a Barts nurse. The Countrywide network visitors have had to keep in touch by very welcomed phone calls rather than visits this year because of the social restrictions. The Benevolent fund as usual paid for the publication and postage of the annual League News to all 2500 members. The committee has met regularly by zoom with Hilary Mathews, secretary, co-ordinating our work with efficiency, empathy and good humour. Sometimes it takes courage to admit we need or would like help particularly as being Barts nurses our default setting is to give help BUT please email Hilary (benev.secretary@bartsleagueof nurses.org) or write to her via Barts Postroom if you think there is anything we can do and be assured of a prompt, confidential reply. It really is that straightforward. Finally, I would like to thank our accountants McLean Reid and Ravenscroft our investment managers for all their help during the year. Jill Gillett Hon. Treasurer.