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Annual Report & Accounts 2024/25
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CONTENTS
Annual Report:
| Chair’s Foreword | 3 |
|---|---|
| Statement of Trustees Responsibilities | 4 |
| Charity Corporate Trustee | 5 |
| Reference and Charity Administration Details | 6 |
| Governance, Management and Structure | 7 |
| Risk Management – Policies and Procedures | 9 |
| Charitable Aims, Objectives and Activities | 10 |
| Connected and Supporting Charities | 13 |
Annual Accounts:
| Financial Review | 14 |
|---|---|
| Audit Report | 15 |
| Statement of Financial Activities (SOFA) | 19 |
| Balance Sheet | 20 |
| Cash Flow Statement | 21 |
| Notes to the Accounts | 22 |
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Chair’s Foreword
I am proud to welcome you to the Bay Hospitals Charity Annual Report and Accounts.
Having been appointed Chair in May 2025, I feel privileged to hold a strong and meaningful connection with Bay Hospitals Charity. It has been truly heartwarming to witness the incredible support and engagement from donors, staff, local businesses, and partner charities throughout the year.
We began the year with a touching moment: a much-valued staff member marked her retirement from the Trust with a sponsored head shave, raising funds for the Special Care Baby Unit. Our fundraisers consistently go above and beyond, one inspiring example is an 8-year-old supporter who walked 100km during May to support the Orthotics team, where he is a regular attender. His desire to give back to the staff who care for him is a beautiful reflection of the community spirit we are so fortunate to have.
We were again blessed with wonderful weather for the iconic Keswick to Barrow Walk, a cherished event that brings together community and charity in a truly uplifting way. At the November presentation evening, we were honoured to receive a generous award, a testament to every runner, walker, and volunteer who took part.
Another highlight was the Cross Bay Walk, which saw a lovely turnout of enthusiastic walkers enjoying kind weather and great company.
A special mention goes to the Coronary Coasters, whose continued annual events in support of Coronary Care are deeply appreciated.
We are incredibly grateful to every single supporter of Bay Hospitals Charity. Your generosity enables us to make meaningful improvements and enhancements across our hospitals for patients, staff, and the wider community.
Most importantly, we want to thank you, our supporters for donating your time and raising vital funds to improve health, care, and wellbeing across our local hospitals and community teams.
It is only with your support that we can continue to “Support life’s journey together” with our patients, staff, and stakeholders. On behalf of Bay Hospitals Charity, I offer my heartfelt thanks to each and every one of you.
Signed:
Andrew Stephenson Chair
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Statement of Trustee Responsibilities
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
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apply suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Corporate Trustee is responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the Charity. This enables it to ascertain the financial position of the Charity and ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the trust deed. The Corporate Trustee is responsible for safeguarding the assets of the Charity, and therefore for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing accounts. The financial statements set out on pages 15 to 24 of this report have been compiled from and are in accordance with the financial records maintained by the Trustees.
By Order of the Corporate Trustee Signed: Chair
Trustee: Jalibani Ndebele
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Charity Corporate Trustee
University Hospitals of Morecambe Bay NHS Foundation Trust is the sole and corporate Trustee of the Charity and Trustee responsibilities are conferred on the board members. All Executive Directors are appointed through a process of fair and open competition. The Chair and Non-Executive Directors are appointed by the Council of Governors Nominations Committee.
Those serving during the year were as follows:
Mr Anthony Oakham, Interim Chair (wef 01/01/2025) Aaron Cummins, Chief Executive Officer Chris Adcock, Chief Finance Officer/Deputy Chief Executive Alison Balson, Chief People Officer Scott McLean, Chief Operating Officer Jane McNicholas, Chief Medical Officer Tabetha Darmon, Chief Nurse Officer Amin Kamaluddin, Non-Executive Director Alison Cole, Non-Executive Director Sarah Rees, Non-Executive Director Jalibani Ndebele, Non-Executive Director (wef 01/05/24) Nicola Haywood-Cleverly, Non-Executive Director (wef 01/08/2024) Dr Karen Deeny, Non-Executive Director Anthony Oakman, Non-Executive Director
Members who have resigned / term of office ended during 2024/25 Mike Thomas, Chair (Term of Office ended 31 December 2024) Adrian Leather, Non-Executive Director (Term of Office ended 30 April 2024)
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Reference and Charity Administration Details
Charity Name: Bay Hospitals Charity
Charity Registration Number: 1048685
Principal Office Address:
Finance Directorate PO Box 98 6.1.2 Alston House White Cross Business Park Lancaster LA1 4GG
Other Relevant Organisations:
Charity Bankers: NatWest PO Box 17 68 Church Street Lancaster LA1 1LN
Charity Solicitors:
Hill Dickinson LLP Pearl Assurance House Derby Square Liverpool L2 9XL
Charity Auditors: Rawcliffe & Co Chartered Accountants Unit 1 Barons Court Graceways Blackpool FY4 5GP
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Governance, Management and Structure
The Nature of the Governing Document
Bay Hospitals Charity holds approximately 118 charitable funds; the funds relate to Care Groups across the sites that constitute University Hospitals of Morecambe Bay NHS Foundation Trust.
In 1998 Morecambe Bay Hospitals NHS Trust took over the management of funds held on trust following the merger of three NHS Trusts: Furness General Hospitals NHS Trust, Lancaster Acute Hospitals NHS Trust and Westmorland Hospitals NHS Trust.
Each of these NHS Trusts had registered charitable funds governed by declarations of trust set out in trust deeds. Following the merger supplemental deeds were registered with the Charity Commission bringing all the funds held on trust together under the umbrella of Bay Hospitals Charity and one charity registration number.
Funds are classified as either restricted or unrestricted, according to the nature of the fund.
Recruitment and Appointment of New Trustees
All Executive Directors are appointed through a process of fair and open competition. The Chair and Non-Executive Directors are appointed by the Council of Governors Nominations Committee.
Induction and Training of Trustees
In line with the recommendations of the ‘Good Governance Code’ all new Trustees receive an induction pack. All Trustees receive updates throughout the year.
Organisational Structure and Delegations
Structure
The Charity operates with a single charity approach after approval from the Corporate Trustee Committee and the Charity Commission. Within the single charity are restricted and unrestricted funds. The object of the Charity is wholly or mainly for the services provided by the University Hospitals of Morecambe Bay NHS Foundation Trust.
All the unrestricted funds are available for any purpose relating to the NHS but are wholly or mainly for the stated purpose contained in the funds title.
Legacies are placed in the most appropriate fund to respect the wishes of the donor.
The Trustees have responsibility for reviewing the structure and making appropriate changes.
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Delegations
A Charity Corporate Trustee Committee is in place to oversee the use of funds on behalf of the Trustees. The committee is chaired by the Chair of the Trust.
The relevant Care Group Managers (and authorised deputies) have delegated authority to authorise purchases from their charitable funds of up to £500. Any amount over £500 up to £9,999 requires additional approval from the Assistant Director of Finance – Financial Services. Any purchase over £10,000 requires authorisation from the Charity Sub-Committee and over £25,000 from the Charity Corporate Trustee Committee.
Connected and Supporting Charities
Although independent, the following charities pursue largely the same aims as Bay Hospitals Charity offering additional financial support to the hospitals. The connected charities give solely to the Hospitals, and the supporting charities kindly support the Hospitals as one of their beneficiaries.
Connected Charities
Charity No
Friends of Royal Lancaster Infirmary 507166
Supporting Charities
Charity No
Rosemere Cancer Foundation
1131583
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Risk Management – Policies and Procedures
During the year, the Corporate Trustee Committee has approved policies in relation to each of the items below. The current economic climate has affected the amount of interest received.
Risk Management
The Trustees actively review the perceived major risks that the Charity faces. Operational standards have been set throughout the organisation, which are audited on a regular basis. The Charity also maintains a risk register which is reviewed regularly.
Policies and procedures are in place to ensure donations are recorded and acknowledged upon receipt. Expenditure is controlled to ensure it fulfils the purpose of the donations.
Income
All transactions are undertaken in accordance with the Charity’s standing orders and standing financial instructions for funds held. This means that all items are subject to strict financial controls to safeguard and monitor monies donated. Donors’ wishes are taken into account when allocating their money to the appropriate fund.
All legacies are acknowledged at the point of notification and monitored to ensure they are received and spent in accordance with the wishes of the donor.
Expenditure
Expenditure is controlled to ensure that it fulfils the objects of the Charity and of the individual funds.
Investments
The Corporate Trustee has the power to invest in such assets as it sees fit. Where investments are undertaken professional advice is sought. Any investments must be low risk and broadly ethical. No investments are made in companies whose products may be detrimental to health such as alcohol or tobacco.
Investment performance is reviewed annually.
Reserves
The Charity derives its income mainly from donations and legacies, the level of which cannot be accurately predicted year on year.
The Charity’s objective is to spend, and we do not aim to retain excessive reserves. However, there is a need to retain some reserves; the main reasons for this are,
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So that the Charity can ensure donations are spent in line with the donors’ wishes.
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To ensure there are sufficient funds to fund future developments.
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Restricted reserves are accumulated only where a specific project has been identified.
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To meet current or anticipated expense such as management, administration and governance costs.
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Charitable Aims, Objectives and Activity
Patient focussed expenditure within the NHS largely meets the public benefit test. Bay Hospitals Charity aims to provide public benefit in accordance with its Charity objectives and uses donations received to enhance the services provided by University Hospitals of Morecambe Bay NHS Foundation Trust.
The role of the Bay Hospitals Charity is to raise and use funds for any charitable purpose or purposes relating to patient services delivered at Royal Lancaster Infirmary, Westmorland General Hospital, Furness General Hospital and Millom Hospital. Services are also delivered from Ulverston Health Centre, the Queen Victoria Centre in Morecambe and community premises across the Morecambe Bay area. The principal purpose of the NHS is to deliver services to patients, and so use of the charitable funds is focused on enhancing the experience over and above what the NHS would normally provide to patients and their families.
The aim of Bay Hospitals Charity is to improve patient care through the provision of additional equipment, services, training and education. This is achieved both directly through patient-focused expenditure, such as improving patient waiting areas or purchasing additional equipment, and indirectly by funding additional training or training aids, enabling and upskilling staff to deliver improved services to local patients. The main priority for the Charity is to enhance that which is provided by the NHS, ensuring continued excellence in treatment and care.
The majority of expenditure in 2024/25 has been spent in the following areas;
Purchase of new equipment £368,000 Patient welfare £242,000 Building & Refurbishment £92,000
Grateful Thanks
Bay Hospitals Charity is only able to make a meaningful difference in our local hospitals and communities thanks to the incredible generosity of our supporters. Every donation whether a oneoff gift, a fundraising event, or a legacy helps us enhance patient care and improve the hospital experience for everyone.
We are proud to provide tangible support that brings real and lasting benefits to both patients and staff. Here are just a few examples of how your donations have made a difference:
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Bay Hospitals Charity is proud to have funded a specialist Mammography Chair for Breast Screening at a cost of £2,882. This ergonomically designed chair improves accessibility for patients with physical restrictions, including wheelchair users or those who need to be seated during their screening. It also supports staff by helping to prevent musculoskeletal injuries.
Staff have reported that the chair is comfortable and makes transfers from personal wheelchairs safer. With around 39,000 patients seen annually, this equipment ensures equitable access to breast screening and helps clinicians capture high-quality diagnostic images while providing a more comfortable experience for service users.
Investing in Excellence: How Bay Hospitals Charity is Supporting Our Clinical Teams
Bay Hospitals Charity is proud to support the ongoing development of our incredible clinical staff by funding access to specialist training courses and professional conferences. This investment not only helps our teams stay
up to date with the latest medical knowledge and techniques but also empowers them to bring fresh ideas and enhanced skills back to the frontline of patient care.
Whether it's learning about cutting-edge treatments, sharing best practices with peers, or gaining new qualifications, these opportunities are helping our staff grow professionally and personally. Ultimately, it’s our patients who benefit most, receiving care that’s informed, innovative, and delivered with confidence.
Bay Hospitals Charity has proudly funded a new ultrasound machine for the Urology One Stop Clinic, significantly improving the experience and efficiency of care for patients undergoing urgent investigations for suspected cancer.
The Urology One Stop Clinic is designed for patients referred under the twoweek wait pathway. Its goal is to streamline the diagnostic process by enabling patients to receive all necessary scans, tests, and procedures and consult with a Urologist during a single visit. This approach accelerates
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diagnosis and treatment planning, offering a more efficient and patient-friendly service. Previously, while most tests were conducted within the Urology Unit, patients had to walk to the Radiology Department for their ultrasound scans. Thanks to the charity’s funding, which covered the cost of over £40,000, the new ultrasound machine is now located within the Urology Unit itself. This upgrade has greatly enhanced the Trust’s ability to deliver seamless care, reducing delays and improving convenience for patients at a critical time in their healthcare journey.
Bay Hospitals Charity is proud to support innovations that make a real difference to patient care across our hospitals. We are committed to supporting the people who care for our community every day. Thanks to the generosity of our donors, we’re making a real difference.
Looking Ahead: Our Goals for the Year
We have exciting plans for the year ahead as we continue to grow and strengthen Bay Hospitals Charity’s presence across our hospitals and local communities.
Our key priorities include increasing awareness of the charity, deepening engagement with staff, and supporting their fundraising efforts. We are also focused on streamlining the bid process to make it as smooth and accessible as possible. In addition, we are building on our strong relationships with local businesses and community groups to expand our reach and impact.
Spreading the Word
Bay Hospitals Charity has enjoyed fantastic local media coverage this year, with features in newspapers and on radio helping us reach a wider audience. Our social media presence continues to grow, with strong engagement across all platforms.
We’re always exploring new and inspiring ways to connect with our supporters—and we’re excited to keep building on this momentum.
Celebrating Our Charity Champions and Volunteers
We are continuing to expand the role of our amazing Charity Champions and Volunteers, whose dedication and enthusiasm make a real difference every day. Their efforts in raising both funds and awareness for Bay Hospitals Charity help us reach more people and support more projects across our hospitals.
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As passionate ambassadors, they represent the heart of our charity, connecting us with the community and inspiring others to get involved. We are incredibly grateful for their support and proud to work alongside such committed individuals. We are lucky to have them!
Our Incredible Fundraisers
In May 2024, Adam Goodrick returned to the Children’s Ward at Royal Lancaster Infirmary to donate an incredible £1,360 to Bay Hospitals Charity, accompanied by his mum Louise Kelly and stepdad Martin Kelly. The donation, raised in lieu of wedding gifts at Louise and Martin’s April wedding, will support activities for older children on the ward.
Connected and Supporting Charities
The Charity has received £103,132 from its connected and supporting charities. We are so thankful and would like to convey our gratitude and appreciation. Donations allow our clinicians access to the latest equipment enabling them to diagnose and treat patients quickly and effectively. We are so grateful for this continued commitment and support.
The Trustees of Bay Hospitals Charity would like to convey their sincere thanks for their support.
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Financial Review
The full 2024/25 Statement of Financial Activities and Balance Sheet are set out on the following pages. They show the year end Fund Balances as £3,061,689.
Total income in the year amounted to £828,219. Donations of £186,903 were received in the year and legacy income amounted to £489,043 of which £9,084 was received in the year and £479,959 is accrued. A further £103,132 was received from supporting and connected charities. Legacy income is only accrued when there is a reasonable certainty of receipt and is based on notifications provided by the representatives of the Estates concerned. The Charity’s officers liaise closely with solicitors to ensure that any specific wishes are carried out. The balance of income related to investment income of £41,423 and fundraising events of £7,718.
Expenditure relating to charitable activities was approved for the benefit of University Hospitals of Morecambe Bay NHS Foundation Trust to the value of £722,000 in 2024/25. The sum of £368,000 was spent on new equipment, £92,000 on building and refurbishments, £20,000 on staff welfare and education, and £242,000 on patient welfare.
Administrative costs amounted to £245,000 in the year; of this £214,000 are direct support costs. Support costs are those costs linked directly to running of the Charity and these have been apportioned to each charitable fund managed by the Charity. The balance of £31,000 relates to Governance costs. Governance costs include a proportion of administrative costs relating to time spent on policy and compliance issues, including the preparation of the annual accounts and returns together with the cost of external audit.
The Charity and its Trustees do not act as Custodian Trustee on behalf of any other Charity and the Charity has no funds in deficit for the financial year 2024/25.
Future Plans:
The Charity looks forward to continuing to support the University Hospitals of Morecambe Bay NHS Foundation Trust to further develop and augment its services. The Charity plans to continue to fund items of equipment, services, training and education in line with the key objectives of the Charity.
By order of the Trustees: Signed:
Chair Date: 27 January 2026
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ANNUAL ACCOUNTS OF BAY HOSPITALS CHARITY 2024/25
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDING 31 MARCH 2025
| Note Income from: Donations and legacies Other trading activities Investments Total Income 3 Expenditure on: Generating Funds Charitable Activities Total Expenditure 5 Net income/(expenditure) Transfers between funds Net movement in funds Fund balances brought forward at 1 April Fund balances carried forward at 31 March |
Unrestricted Restricted Total Funds Funds Funds £'000 £'000 £000 553 234 787 0 0 0 18 23 41 571 257 828 1 0 1 322 399 721 323 399 722 248 (142) 106 0 0 0 248 (142) 106 882 2,074 2,956 1,130 1,932 3,062 2024/25 |
Unrestricted Restricted Total Funds Funds Funds £'000 £'000 £000 293 1345 1,638 19 0 19 19 10 29 331 1,355 1,686 3 0 3 359 380 739 362 380 742 (31) 975 944 11 (11) 0 (20) 964 944 902 1,110 2,012 882 2,074 2,956 2023/24 |
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BALANCE SHEET AS AT 31 MARCH 2025
| 31 March 2025 | 31 March 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Unrestricted | Restricted | |||
| Funds | Funds | Total | Funds | Funds | Total | ||
| £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | ||
| Fixed Assets | |||||||
| Intangible Assets | - | - | - | - | - | - | |
| Total Intangible Assets | 7 | - | - | - | - | - | - |
| Current Assets | |||||||
| Debtors | 9 | 390 | 109 | 499 | 431 | 719 | 1,150 |
| Cash at Bank and in Hand | 10 | 792 | 1962 | 2,754 | 616 | 1380 | 1,996 |
| Total Current Assets | 1,182 | 2,071 | 3,253 | 1,047 | 2,099 | 3,146 | |
| Liabilities | |||||||
| Creditors: Amounts Falling Due | |||||||
| Within One Year | 12 | 52 | 139 | 191 | 165 | 25 | 190 |
| Net Current Assets / (Liabilities) | 1,130 | 1,932 | 3,062 | 882 | 2,074 | 2,956 | |
| Total Net Assets | 1,130 | 1,932 | 3,062 | 882 | 2,074 | 2,956 | |
| Funds of the Charity | 13 | ||||||
| Restricted Income Funds | - | 1,932 | 1,932 | - | 2,074 | 2,074 | |
| Unrestricted Income Funds | 1130 | - | 1,130 | 882 | - | 882 | |
| Total Funds | 1,130 | 1,932 | 3,062 | 882 | 2,074 | 2,956 |
The notes at pages 21 to 28 form part of the accounts.
Signed: Chair
Date: 27 January 2026
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STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2025
| Note Cash flows from operating activities: Net cash provided by (used in) operating activities 11 Cash flows from investing activities: Interest from investments Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 10 |
2024/25 Total funds £'000 758 0 758 1,996 2,754 |
2023/24 Total funds £'000 310 0 310 1,686 1,996 |
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Notes to the Accounts
1 Accounting Policies Basis of preparation
The Financial Statements have been prepared under the historic cost convention. The accounts have been prepared in accordance with the Statement of Recommended Practice by Charities (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
The Trustees consider that there are no material uncertainties about Bay Hospitals Charity's ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.
1.1 Reconciliation with previous generally accepted accounting policies
In preparing the accounts, the Trustees are required to comply with FRS 102 and the Charities SORP FRS 102.
Governance costs are classified as support costs and have been incuded within the expenditure on Charitable Activities. Governance costs included within expenditure are £31,000 in 2024/25 (2023/24 £35,000).
1.2 Funds structure
Where a donor has provided for the donation to be spent in furtherance of a specified charitable purpose and there is a legal restriction on the purpose to which a fund may be put, then the fund is classified as a restricted fund.
The remaining funds, which are not restricted, are unrestricted income funds which are analysed between designated (earmarked) funds and wholly unrestricted funds. Designated funds are where the donor has made known their non-binding wishes or where the Trustees, at their discretion, have created a specific fund for a specific purpose. Unrestricted funds may be used at the discretion of the Trustees.
1.3 Income
- a) All incoming resources
All incoming resources are included in full in the Statement of Financial Activities as soon as the following three factors can be met:
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i) entitlement - arises when a particular resource is receivable or the Charity's right becomes legally enforceable;
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ii) probable - more likely than not that resources will be received;
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iii) measurement - when the monetary value of the incoming resources can be measured with sufficient reliability.
b) Gifts in kind
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i) Assets given for distribution by the funds are included in the Statement of Financial Activities only when distributed.
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ii) Assets given for use by the funds (e.g. property for its own occupation) are included in the Statement of Financial Activities as incoming resources and the Balance Sheet as assets when receivable.
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iii) Gifts made in kind but on trust for conversion into cash and subsequent application by the funds are included in the accounting period in which the gift is sold.
In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value or the amount actually realised.
c) Legacies
Legacies are accounted for as incoming resources when a part or final distribution is received from the executors of the estate(s), or when the factors specified in (a) above can be met.
Where the exact monetary value is not known, an assessment will be made based on known facts and potential liabilities and disbursements due from the estate, to provide a reasonable estimation of the amount due to the Charity.
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1.4 Resources expended and irrecoverable VAT
All expenditure is accounted for 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, it is more likely than not that a transfer of benefits will be required in settlement and the amount can be measured or estimated reliably.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
1.5 Recognition of expenditure and associated liabilities as a result of grants
The Charity does not make grants to individuals. Grants are payments, made to NHS bodies, in furtherance of the funds held on trust's charitable objectives, to relieve those who are sick. The total cost of making grants is disclosed on the face of the Statement of Financial Activities. Grant payments are recognised as expenditure when the conditions for their payment have been met or where there is a constructive obligation.
A constructive obligation arises when:
i) We have communicated our intention to award a grant to a recipient who then has a reasonable expectation that they will receive a grant
ii) We have made a public announcement about commitment which is specific enough for the recipient to have reasonable expectation that they will receive a grant
iii) There is an established pattern of practice which indicates to the recipient that we will honour our commitment
The trustees have control over the amount and timing of grant payments and consequently where approval has been given by the trustees and any of the above criteria have been met then a liability is recognised. Grants are not usually awarded with conditions attached. However, when they are then those conditions have to be met before the liability is recognised.
Where an intention has not been communicated, then no expenditure is recognised but a commitment is made in the appropriate fund. If a grant has been offered but there is uncertainty as to whether it will be accepted or whether conditions will be met, then no liability is recognised but a contingent liability is disclosed.
1.6 Allocation of support costs
Support costs are those costs which do not relate directly to a single activity. These include some staff costs, external audit and IT costs. Support costs have been apportioned across Charitable Activities based on fund balances. The analysis of support costs and the apportionment applied are shown in note 5.1.
1.7 Investment in fixed assets
Investment in fixed assets are shown at market value as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on any revaluation and disposals throughout the year.
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1.8 Fixed assets
Purchased for Bay Hospitals Charity
a) Capitalisation
All assets falling into the following categories are capitalised:
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i) tangible and intangible assets which are capable of being used for more than one year, and have a cost equal to or greater than £5,000;
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ii) groups of tangible or intangible fixed assets which are interdependent or would normally be provided or replaced as a group with a total value in excess of £5,000 and an individual value of £250 or more.
b) Valuation
Tangible and intangible assets are valued at current cost as follows:
Equipment is valued at the lower of estimated net replacement cost or recoverable amount;
c) Amortisation
The only asset owned by the Charity is computer software which has been fully amortised over a life of 7 years.
Purchased for University Hospitals of Morecambe Bay NHS Foundation Trust
Fixed assets bought via the Charity are gifted to the Trust and accounted for in the Trust's accounting records.
1.9 Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sale proceeds and opening market value (or date of purchase if later). Unrealised gains and losses are calculated as the difference between opening market value and closing market value for the year (or date of purchase if later).
1.10 Debtors
Debtors are amounts owed to the Charity. They are measured on the basis of their recoverable amount.
1.11 Cash and cash equivalents
Cash at bank and in hand is held to meet the day to day running costs of the Charity as they fall due. Cash equivalents are short term, highly liquid investments, held in interest bearing savings accounts.
1.12 Creditors
Creditors are amounts owed by the Charity. They are measured at the amount that the Charity expects to have to pay to settle the debt.
1.13 Cashflow statement
The Charity is required by Financial Reporting Standard 102 to provide a Cash Flow Statement.
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NOTE 2: RELATED PARTY TRANSACTIONS
Bay Hospitals Charity is managed by the Corporate Trustee which is also the Board of Directors of the University Hospitals of Morecambe Bay NHS Foundation Trust which is the main beneficiary of the Charity. During the year the Charity made revenue and capital payments to the NHS Foundation Trust and these are detailed in note 5.
The Charity receives support from a number of supporting and connected charities as detailed in note 3 and as listed in the Trustees Annual Report.
Neither the Corporate Trustee or any member of the NHS Foundation Trust Board received honoraria, emoluments or expenses in the year and the Trustees have not purchased separate trustee indemnity insurance.
NOTE 3: ANALYSIS OF INCOMING RESOURCES
| Income from Donations from individuals Donations in Memory of Fundraising events Corporate donations Connected and supporting Charities Gift Aid Legacies Other trading activities Bank interest Total Income |
Unrestricted Funds £'000 113 17 6 0 0 0 417 0 18 571 |
Restricted Funds £'000 49 8 2 0 103 0 72 0 23 257 |
2024/25 Total Funds £'000 162 25 8 0 103 0 489 0 41 828 |
2023/24 Total Funds £'000 92 41 0 25 536 1 943 19 29 1,686 |
|---|---|---|---|---|
NOTE 4: ROLE OF VOLUNTEERS
Bay Hospitals Charity has a number of fundraising volunteers who actively fundraise for the Charity.
In accordance with the SORP, due to the absence of any reliable measurement basis, the contribution of these volunteers is not recognised in the accounts.
NOTE 5.1: ANALYSIS OF CHARITABLE EXPENDITURE
The Charity did not undertake any direct charitable activities on its own account during the year. All of the charitable expenditure was in the form of grant funding. Grants were approved in favour of the partner organisation, University Hospitals of Morecambe Bay NHS Foundation Trust to carry out activities that will benefit patients, relatives and staff. The Charity incurred expenditure with third parties in pursuance of those grants or reimbursed expenditure incurred by them.
| Building and refurbishment Purchase of new equipment Patients welfare Staff education and welfare Building and refurbishment Purchase of new equipment Patients welfare Staff education and welfare |
Grant funded activity £'000 61 243 160 13 477 Grant funded activity £'000 56 409 67 16 548 |
Support costs £'000 31 125 82 7 245 Support costs £'000 20 145 23 6 194 |
Total 2024/25 £'000 92 368 242 20 722 Total 2023/24 £'000 76 554 90 22 742 |
|---|---|---|---|
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Docusign Envelope ID: 99F9B50A-EE51-41F4-87D1-C9E1C045DAB2
NOTE 5.2 ANALYSIS OF GRANTS
The Charity does not make grants to individuals. All grants are made to University Hospitals of Morecambe Bay NHS Foundation Trust. The total costs of making grants including support costs, is disclosed on the face of the Statement of Financial Activities and the actual funds spent on each category of charitable activity, is disclosed in note 5.
The trustees operate a scheme of delegation for the majority of the charitable funds, under which fund advisors manage the day to day disbursements on their projects in accordance with the directions set out by the trustees in Charity standing orders and financial instructions. Funds managed under the scheme of delegation represent ongoing activities and it is not possible to segment these activities into discreet individual grant awards.
Support costs are allocated to charitable activities. Governance costs are those support costs which relate to the strategic and day to day management of a charity. All support costs are allocated based on fund balance at the time the apportionment is made.
| 2024/25 External audit Salaries and related costs Amortisation Governance costs Salaries and related costs Computing & office expenses Total 2023/24 External audit Salaries and related costs Amortisation Governance costs Salaries and related costs Computing & office expenses Total |
Unrestricted Restricted Funds Funds £'000 £'000 10 0 11 10 0 0 21 10 92 118 4 0 117 128 Unrestricted Restricted Funds Funds £'000 £'000 3 7 25 0 0 0 28 7 44 102 2 11 74 120 Charitable activities Charitable activities |
TOTAL 2024/25 £'000 10 21 0 31 210 4 245 TOTAL 2023/24 £'000 10 25 0 35 146 13 194 |
|---|---|---|
NOTE 5.3 ANALYSIS OF STAFF COSTS AND REMUNERATION OF KEY MANAGEMENT PERSONNEL
No members of staff are employed directly by the Charity, salary costs in respect of financial management and administration are recharged by University Hospitals of Morecambe Bay NHS Foundation Trust. The recharge is based on time spent on work related to the Charity.
The Charity Officer, Fundraising Coordinator and the Charity Manager are recharged to the Charity in full. 10% of the cost of the Deputy Head of Financial Services has been recharged to the Charity
| Salaries and wages Social security costs Travel and subsistence Employers pension contribution |
2024/25 £'000 163 18 2 27 210 |
2023/24 £'000 116 14 0 16 146 |
|---|---|---|
NOTE 6 AUDITOR'S REMUNERATION
Auditor's remuneration amounts to £9,600 for 2024/25 (2023/24 £9,600). Audit fees relate to a full audit of the accounts. No additional audit work has been undertaken.
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Docusign Envelope ID: 99F9B50A-EE51-41F4-87D1-C9E1C045DAB2
NOTE 7: ANALYSIS OF INTANGIBLE ASSETS
The only asset owned by the Charity is computer software which has been fully amortised over a life of 7 years.
NOTE 8: ANALYSIS OF FIXED ASSET INVESTMENTS
The Charity holds no fixed asset investments.
| NOTE 9: ANALYSIS OF DEBTORS Amounts Falling Due Within One Year Accrued Income Other Debtors Total Amounts Falling Due Within One Year |
2024/25 £'000 480 19 499 |
2023/24 £'000 652 498 1,150 |
|---|---|---|
Accrued income represents a number of legacies pending receipt at the balance sheet date.
Other debtors represents amounts due from external charities not settled at the balance sheet date. In 2023/24 this included funds from the remaining balance of a GP Practice in Millom following retirement of the GPs. These funds were received during 2024/25.
There were no amounts falling due after more than one year in 2024/25 or 2023/24.
NOTE 10: ANALYSIS OF CASH AND CASH EQUIVALENTS
| Current account Deposit account Cash in Hand Total cash and cash equivalents |
2024/25 £'000 25 2,729 - 2,754 |
2023/24 £'000 25 1,971 - 1,996 |
|---|---|---|
Both the deposit and current accounts are held in interest bearing accounts with National Westminister Bank Plc.
No cash or cash equivalents or current asset investments were held in the form of non-cash investments or outside the UK.
All of the amounts held on interest bearing deposit are available to spend on charitable activities.
NOTE 11: RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Interest from investments (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by (used in) operating activities |
2024/25 £'000 106 0 651 1 758 |
2023/24 £'000 944 0 (589) (45) 310 |
|---|---|---|
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Docusign Envelope ID: 99F9B50A-EE51-41F4-87D1-C9E1C045DAB2
NOTE 12: ANALYSIS OF CURRENT LIABILITIES
| University Hospitals of Morecambe Bay NHS FT Accruals Total Creditors Falling Due Within One Year |
2024/25 2023/24 £'000 £'000 53 47 138 143 191 190 |
|---|---|
NOTE 13: ANALYSIS OF CHARITABLE FUNDS
| Total Restricted Funds Total Unrestricted Funds Total Funds Total Restricted Funds Total Unrestricted Funds Total Funds |
Balance at Incoming Resources Balance at 1 April 24 Resources Expended 31 March 25 £'000 £'000 £'000 £'000 2,074 257 399 1,932 882 571 323 1,130 2,956 828 722 3,062 Balance at Incoming Resources Balance at 1 April 23 Resources Expended 31 March 24 £'000 £'000 £'000 £'000 1,110 1,355 391 2,074 902 331 351 882 2,012 1,686 742 2,956 2024/25 2023/24 |
|---|---|
All of the unrestricted and designated/earmarked funds are available for any purpose relating to the NHS but are wholly or mainly for the stated purpose contained in the funds title.
Structure of Funds
There is an umbrella fund named Morecambe Bay Hospitals Fund in which there are Restricted and Unrestricted funds. The nature and purpose of this fund is 'mainly for services provided by University Hospitals of Morecambe Bay NHS Foundation Trust'.
| Analysis of Funds by Value Restricted Cancer Funds (2 funds) Millom Hospital Fund Neonatal Fund RLI Cardiac Funds (2 funds) Haematology Fund RLI Heart Concern Fund SCBU Fund FGH Total restricted funds in excess of £50,000 Total restricted funds equal to or less than £50,000 Total restricted funds Unrestricted General Amenities (2 funds) Orthopaedics Fund FGH Intensive Care Unit Fund FGH Integrated Community Fund Total unrestricted funds equal to or less than £50,000 Total unrestricted funds Total funds |
Balance at Incoming Resources Balance at 1 April 24 Resources Expended 31 March 25 £'000 £'000 £'000 £'000 792 86 194 684 542 7 21 528 238 8 25 221 153 33 26 160 88 1 7 82 86 77 27 136 81 10 30 61 1,980 222 330 1,872 94 35 69 60 2,074 257 399 1,932 578 316 232 662 36 27 5 58 23 42 6 59 14 50 8 56 231 136 72 295 882 571 323 1,130 2,956 828 722 3,062 2024/25 |
|---|---|
The total funds at 31 March 2025 are made up of 14 restricted funds and 61 unrestricted funds.
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Docusign Envelope ID: 99F9B50A-EE51-41F4-87D1-C9E1C045DAB2
NOTE 14: PROVISIONS FOR CHARGES
| Commitments at the start of the year Less: Commitments released in year Change in value of commitments Add: New commitments Commitments outstanding at end of year |
2024/25 £'000 0 0 0 0 0 |
2023/24 £'000 18 (18) 0 0 0 |
|---|---|---|
There are no items which the Charity has made a provisional agreement to fund at 31 March 2025.
NOTE 15: CONTROL
The objectives of the Charity as set out in the governing documents, are discharged by the Corporate Trustee. The Corporate Trustee are the Board members of the University Hospitals of Morecambe Bay NHS Foundation Trust who carry out these duties independently from their obligations as Foundation Trust Board members.
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