THE URSULA KEYES TRUST TRUSTEES, REPORT AND ACCOUNTS 31 Deeember 2022 Registered Charity No. 517200 THE URSULA KEITS TRUST TRUSTEES, REPORT AND ACCOUNTS 31 December 2022 Contents Page Legal 8nd Administrative Details Trustees, Report Auditors, Report Statem¢nt of Finan¢iai Activities Balance Sheet Note5 to the Accounts 10- 15 THE URSULA KEYES TRUST LEGAL AND ADTrItNISTRATIVE DETAILS 31 December 2022 Registered Charity No. 517200 Legal Status The Ursula Keyes Trust was established under a Trust deed dated I l December 1985 (as amended on 27 Jaiiuary 2023) and was approved by the Inland Revenue Charity Division on 14 Match 1989. Truste4s Mr J F Kane (Resigned 14 July 2022) Mr J R Leaman Mr J A McLinto¢k Mr J D Brimelow (Chaimian} Mr E A Elliott Dr l A Russell DrPGReid Miss E J Redmond Mrs S Preston (Appointed 14 October 2022) Addre55 clo RSM One City Pla¢e Queens Road Chester CHI 3BQ Bankers Handelsbanken Albion House Albion Street Chester CHI IRQ Solicitors DTM Leoal LLP Archthiay House Station Road Chester CHI JDR Auditors Champion Accountants LLP Siaiutory Auditors 2 Floor, Refuge House 33 - i7 Watcrgate Row Chester CHI 2LE THE URSULA KEYES TRUST TRUSTEES? REPORT 31 December 2022 The Trustees present their report along with the financial statements of the Charity for the year ended 31 De¢emb¢r 2022. The financial stateinents liave been prepared in accordanc¢ with the accounting tK>licies set out on pages 10 to I l of the accounts and cotnply with the Charity's Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities- Financial Reporting Standard applicable in ihe UK and Republi¢ of Ireland (FRS102) (effective I st January 2019). Structure* governallce and mana¢yement The Trust is an Linincorporaied trus( constituted under & trust deed dated I l December 1985 as amended on 27 January 2023 and is a registered Charity, number 517200. The Trust was established by Ursula Keyes prior to her deaih in 1989. The Trustees are recnjited in accordance with the Trust Deed which slates thai the Tn￿tte body will b¢ no mor¢ than 8 with at least 2 Trustees beinD medical practitioners. The Trustees meet quarterly lo decide on the grant applscaiions. review the investment portfolio and keep up io date on all policy decisions whi¢h are minuted. All graut requests falling in the correct geographical area are considered by the Trustees. The Trust assesses related party and confiiet of interest issues annLially by the completion of a related paity forin by eacli Trustee. A list of Trustees who have served during the year are set out on page l. New Trustees are proposed through recommendations from any of the Trustee body. The induction process for new Trustees involves meeting the Chair and one or two otlier Trustees to discuss investments, the grant Fll2king pro¢ess and the responsibilities of a Truste¢ Board. Trustees attend training courses as appTopriate. There are no employees. The Trustees have appointed agents to colle¢t reiits due on the Trust's behalf and admini5trdlors who look after all the administrative and financiai management iequirements of the Trust. Objectives of the Trust The Trustees confirm that they have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning futiire activities and setting the grant making policy for the year. The objectives are.. (i) Primarily {bul not ex¢liLsively) for the benefit of the inhabitants of the area administered by CWAC. The dissemination and improvement of medical knowledge, skills and the care or treatment of patients whether in public or private hospitals or nursiilg homes (including hospices) or in their own homes. Review of Activities and Achievements During the year ended 31 December 2022 the Triist has supported a wide ran￿e of deserving causes in pursuit of its charitable objectives as 5UTnmarised in Note 2 to the accolints. Grants were only made in response to a specific application either for a spe¢itic purpos¢ or v¢ntur¢, for the general purposes of a charitable applicant and for emergency situations in the case of individuals. Grants of £5,000 or less can be agreed by a sub continue as a going concem. dis¢losing. a5 applicable, matt¢rs r¢lated to going concern and using the going concern ba5i5 of accounting unless the Trust¢¢s either intend to cease operations, or have no realistic alt¢mative biit to do so. Auditor's re5ponsibilitie5 for the audit of the financi41 $tstemeDts We have been appointed as a￿ditOrS under section 144 of the Charities Act 20118nd report in a¢wrdance with the Act and relevant regulations madt or havinu effect thereunder. Our objectives are to obtain reasonable assurance about whether The financial statements as a whole are fre¢ from aierial misstatement. whether due to fraud or error. and 10 issue an auditor's report that includes our opinion. Reasonable assurallce is a high level of assurance. but is not a guarantee that an audit conducted in accord3nce with LSAS (UK) will always detect a mai¢rial misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of user5 laken on the basis of these financial statements. Irregularities, including fraud. are Ill5tan¢e$ of non-compliance with laws and regvlations. We design procedures in lille with our resptsnsibilities, outlined above, to detect material mis5t&pments in respect of irreuularities. including fraud. The extent to which our procedure5 are capable of dete¢ting irregularities. including fvaud, is detail¢d below= Extent to which tht Audit 1$ oonsidered cxpablt of deteetino irregularilies. including fraud Irregularities are instances of non-¢ompliance with laws alld regulations. The objectives of our audit are lo obtain sufficient appropriate audit evidence regarding Compliance with laws and T¢¥ulations that have a direct effect on the determination of material amount5 and disclosure5 in the financial statement4 to perfom) audit procedures to help identify instances of non-compliante with other laws and re(Tulations that may have a mtLterial effect on the financial statements. and to respond appropriately to ideniified or suspected non-compliance with laws and regulation5 identified durinu the audit Audit procedure5 We detemiine 5itsnifi¢ani applicable laws and regulations through discussion with those ch￿￿¢￿ with governance and our own knowledge of the sectQT and design audit procedure5 to help identify instances of non-compliance with those law5 and regulations that may have a material effect on the financial slatem¢nt5. We consider (he applicable laws 2nd regulation5 to be the financial reportin(T frdmework the Statement of Recommended Pra¢ti¢e: Accounting and Reportints by Charities preparin(p their accoun¢5 in 3¢¢0rdance with the Financial Reportino Standard applicable in the UK and the Republi¢ of Ireland IFRS 1021. the Charitie5 Act 2011 and r¢levant tax regulaiion$. THE URSULA KEYES TRUST AUDITORS, REPORT Independent Auditors, Report to the Trustees of The Ursula Keyes Trust (continued) We Consider the control environment and the procedllr¢5 in place to address ideniifi¢d risk5, includinu tnanagement override. non-compliance with law5 and iegulations and io prevent and detect fraud or irregularity. Our proc¢dure5 are dEsigned to provide reasonable assurance that the fJn2ncial 5taternents arc frer from material misstaterfient or emr and include.. enqu￿rIeS of individuals key Compliance functions; review of Tninutes of meetings of th05c charged with govemance. review and testing of manual journa15 and significani transactions outside the nom]al course Df busines5. review of financial statement disclosures and testiniy to supporting documentation; perforniance of analytical procedures. We are not responsible for preventing non-compliance and due to the inherent limitstions of an audit. as described above. the audit cannot be relied upon to detect all instances of non-compliance with laws and regulations. A further description of our re5TK)nsibilities for the audit of the financial st&tElll¢nts is located on the Financial REPOrting Council'5 website at.. hnp'.IIMvw.frc.org.uk/auditorsresponsibilities. This description fornis part of our auditoes report Use of our report This report is made solely ro th¢ Charity's TrLLStee5. as a body, in aecordance with part 4 of the Charities (Accollnts and Reports) Regulations 2008. Our audit wo￿. has been undert&ken so that we miglit State to the Charity's Trustees those matters we are required to state to them in an auditors, report and for no other purp)se. To the fijllest e%￿rtt permitted by law, we do not accept or a5SUtne responsibiliry to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for thi5 repDrL or for the opinions we have formed. Susan Harris MA ACA (Senior Statutory Auditor} for and on behalf of CbAmpion Accountants LLP 13 October 2023 Chartered Attountgnts Statutory Auditor 2nd Floor Refuge Hoiise 33-37 Watergate Row Chester CHI 2LE Champion Acwuntants LLP is eli