Published date: 2 October 2018
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Banking and investment services - 66100000
Investment banking services and related services - 66120000
Location of contract
DN2 5LT
Value of contract
£0
Procurement reference
DBH 02487 - AWARD
Published date
2 October 2018
Closing date
27 July 2018
Contract start date
1 October 2018
Contract end date
1 October 2021
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
Doncaster and Bassetlaw Hospitals NHS Foundation Trust Charitable Fund (Registered Charity No. 1057917) was registered with the Charity Commission in April 2001 to hold funds for: -
"Any charitable purpose or purposes relating to the National Health Service wholly or mainly for the service provided by Doncaster and Bassetlaw Hospitals NHS Trust."
Under this "Umbrella Charity" there are over 180 individual funds administered by the Finance Department and overseen by the Trust's Charitable Funds Committee.
As a registered Charity, trust funds are subject to the provisions of the Charities Acts 1993, as amended by the Charities Act 2011. The majority of trust funds are classified in law as Unrestricted Designated Funds of the main Umbrella Charity and do not require separate notification to the Charity Commission. However, where there is written evidence that a fund is held for a special purpose of the Umbrella Charity, details of this "Special Trust" are included in the Umbrella's registered particulars.
As stated above Doncaster and Bassetlaw Teaching Hospitals NHS Foundation Trust is the legal corporate trustee of the Charity which means that whilst the Board members are responsible for the administration of the funds, they are not individually trustees of the Charity. A number of the powers of the Foundation Trust as Trustee have been delegated to the Trust's Charitable Funds Committee.
Many of the donations and legacies received by the Charity are not spent immediately, as they need to be accumulated to fund the most appropriate purchases to improve patient care. Therefore, in order to obtain the best return on its reserves, the Charity invests in the unused funds in the stock market. For this reason, an investment manager is required to manage these investments.
Risk Appetite
The investment manager is required to manage these investments with a view to maximising the return to the Charity whilst minimising the risk. The Charity's risk appetite should be considered as 'MEDIUM'. One of the key tasks for the successful supplier will be to work with the Charity to revise and refine this assessment.
Award information
Awarded date
24 September 2018
Contract start date
1 October 2018
Contract end date
1 October 2021
Total value of contract
£0
This contract was awarded to 1 supplier.
Standard Life Wealth Limited
Address
1 George Street, United Kingdom, EH2 2LL
Reference
None
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Contact name
Richard Somerset
Address
Armthorpe Road
Doncaster
South Yorkshire
DN2 5LT
United Kingdom
Telephone
01302 642379
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Closing: 27 July 2018
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