M SOMERSET PARTNERSHIP NHS FOUNDATION TRUST CHARITABLE FUND ACCOUNTS 2014/15 Report to the Trust Board 21 July 2015 Sponsoring Director: Author: Purpose of the report: Key Issues and Recommendations: Director of Finance and Business Development Assistant Director of Finance To seek approval from the Board as corporate trustee of the Annual Report and Accounts of the Somerset Partnership NHS Foundation Trust Charitable Funds. The charitable funds are those relating to mental health only. Community services charitable funds are held under the umbrella charities of Taunton and Somerset NHS Foundation Trust and Yeovil District Hospital NHS Foundation Trust. Actions required by the Board: To approve the report and accounts. Charitable Funds Accounts 2014/15 July 2015 Public Board
Statement of Financial Activities for the year ended 31 March 2015 2013/14 Note Unrestricted Restricted Endowment Total Total Funds Funds Funds Funds Funds Incoming resources Voluntary income 3,345 3,345 3366 Investment income 478 67 545 974 Total incoming resources 3,823 67 0 3,890 4,340 Resources expended Charitable expenditure Grants payable 2.3 458 458 250 Charitable activities 2.1 11,309 15,000 26,309 2,115 Governance costs 2.2 466 466 560 Total resources expended 12,233 15,000 0 27,233 2,925 Net incoming/(outgoing) resources (8,410) (14,933) 0 (23,343) 1,414 Fund balances brought forward 63,386 14,933 943 79,262 77,848 Fund balances carried forward 54,976 0 943 55,919 79,262 The notes at pages 3 to 6 form part of this account. Reviewed Date: 29/05/2015 Signed : PJ Grubb ` 1
Balance Sheet as at 31 March 2015 Notes Unrestricted Restricted Endowment Total at 31 Total at 31 Funds Funds Funds March 2015 March 2014 Current Assets Short term investments and deposits 0 0 0 0 5,105 Cash at bank and in hand 55,919 0 0 55,919 72,887 Debtors: Amounts falling due within one year 0 0 0 0 1,323 Total Current Assets 55,919 0 0 55,919 79,315 Creditors: Amounts falling due within one year 3 0 0 0 0 53 Net Current Assets/(Liabilities) 55,919 0 0 55,919 79,262 Total Net Assets 55,919 0 0 55,919 79,262 Funds of the Charity Income Funds: Restricted 4.2 0 0 0 0 14,934 Unrestricted 4.3 54,976 0 0 54,976 63,385 Capital Funds: Endowment Funds 4.1 0 0 943 943 943 Total Funds 54,976 0 943 55,919 79,262 The notes at pages 3 to 6 form part of this account. Signed: PIPPA MOGER Director of Finance and Business Development Date: 2
Notes to the Accounts 1 Accounting Policies 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost in accordance with Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005), accounting standards and the Charities Act. 1.2 Incoming resources a) These are included in the Statement of Financial Activities when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. b) Investment income is included in the accounts when receivable. 1.3 Resources expended a) The funds held on trust accounts are prepared in accordance with the accruals concept. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. b) Grants payable These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in control of the charity. 1.4 Fixed assets The charity does not own any fixed assets. 1.5 Investment fixed assets The charity does not currently own any investment fixed assets. 1.6 Change in the basis of accounting There has been no change in the basis of accounting during the year. 3
2 Details of resources expended 2.1 Charitable activities Unrestricted Restricted Endowment Total Total Funds Funds Funds Funds Funds 2013/14 2012/13 Patients welfare and amenities 8,979 0 0 8,979 1,720 Staff welfare and amenities 2,330 0 0 2,330 396 Minor building works 0 15,000 0 15,000 0 11,309 15,000 0 26,309 2,116 2.2 Analysis of management and administration costs (governance costs) Unrestricted Restricted Endowment Total Total Funds Funds Funds Funds Funds 2013/14 2012/13 Administration recharge 466 0 0 466 420 Miscellaneous 0 140 466 0 0 466 560 2.3 Details of resources expended - grants Unrestricted Restricted Endowment Total Total Funds Funds Funds Funds Funds 2013/14 2012/13 Help Me Smile award scheme 458 0 0 458 250 4
3 Analysis of creditors 2014 2013 Amounts falling due within one year: Accruals 0 53 Total creditors falling due within one year 0 53 4 Analysis of funds 4.1 Endowment funds 2014 2013 St Andrews Capital in perpetuity - part share of a donation to Somerset Health Authority in 1961 for Wells. 943 943 4.2 Restricted funds Balance Incoming Resources Balance 31 March Resources Expended 31 March 2014 2015 Summerlands legacy 14,934 66 (15,000) 0 14,934 66 (15,000) 0 A legacy left to Summerlands Hospital classified as restricted, to be used for amenities and improvements at Magnolia House elderly unit has been fully utilised in the year for minor building improvements. 4.3 Details of material funds - designated funds included in unrestricted funds Adult community Elderly community Pyrland Willow Rydon/Holford House Magnolia Other wards/units (4) Education and training Trustwide fund 8,221 for unrestricted use Trustwide fund 9,515 for unrestricted use Ward fund 8,287 for unrestricted use in Taunton Ward fund 6,261 for unrestricted use in Bridgwater Ward fund 5,437 for unrestricted use in Taunton Ward fund 5,064 for unrestricted use in Yeovil A total of 5,514 is designated for use across 4 further funds for unrestricted NHS purposes. Funds of 4,572 within special purpose sub charities 5
5 Trustee and connected persons transactions 5.1 Trustee expenses reimbursed No trustee expenses were re-imbursed in 2014/15 or 2013/14. The board of Somerset Partnership NHS Foundation Trust as a corporate body is the trustee of the charity. 5.2 Trustee remuneration No Trustee remuneration was paid or payable in 2014/15 or 2013/14. 5.3 Details of transactions with trustees or connected persons The following revenue transactions took place with Somerset Partnership NHS Foundation Trust: 2014/15 2013/14 Recharge for administration 466 420 5.4 Trustee indemnity insurance There is no separate indemnity insurance in place in respect of charitable funds. Cover is in place via the NHS risk pooling scheme for the board of Somerset Partnership NHS Foundation Trust (the corporate trustee). 6 Related party transactions During the year none of the Trustees or members of the key management staff or parties related to them has undertaken any material transactions with the Charitable Trust. The charitable trust has made revenue payments to the Somerset Partnership NHS Foundation Trust of which the Trust Board is also the corporate trustee of the charity, 6
Links to Strategic Themes: Identify to which of the Somerset Partnership NHS Foundation Trust strategic themes this report relates by including a cross behind the relevant theme(s) Quality and Safety Viability and Growth Service Delivery Innovation Integration Culture and People Not applicable Links to the Assurance Framework: Links to the NHS Constitution and Trust Values: Identify to which risks of the Assurance Framework this report relates not related to a specific risk. Identify the Values to which the issues raised in this report relate by including a cross behind the relevant value(s Working together for patients Respect and dignity Commitment to quality of care Compassion Improving lives Everyone counts Not applicable Links to CQC Domains: [Identify which of the CQC domains are covered by this report by including a cross behind the relevant domain(s)] Is it safe? Is it well-led? Is it caring? Is it effective? Is it responsive to people s needs? Not applicable Legal or statutory implications/ requirements: The accounts have been prepared under the Accounting and Reporting by Charities Statement of Recommended Practice (SORP 2005). Charitable Funds Accounts 2014/15 July 2015 Public Board - 7 -
M The Charities Act requirements: annual income under 25,000 the annual report does not need to be submitted to the Charity Commission; annual income under 10,000 the accounts do not need to be submitted to the Charity Commission; an online annual return is still required to ensure charity details are kept up to date. NHS accounting requirements: for 2014/15 the charity accounts were not consolidated with those of the Foundation Trust as the value was not material. Public/Staff Involvement History: Previous Consideration: Although no audit or independent financial examination is required where annual turnover is less than 25,000 the accounts have been reviewed by a CCAB qualified accountant within the Trust s finance department who has no day to day involvement with the charity accounts. Not applicable. Charitable Funds Accounts 2014/15 July 2015 Public Board -8 -