Cotmpany registration number.. 2977135 Charity registration nuinber: 1049067 Wythenshawe Hospital Transplant Fund (A coiiipany limited by guarantee) Annual Report and Financial StateiDents foi. Ilie Year Ended 31 Marcli 2025
Wythenshawe Hospital Ti'ansplant Fund Contents Reference and Adiniiiistiative Details Trustees, Report 2104 Statenient of Trustees, Responsibilities Independent Exaniinei s Repoi't Statemeiil of Finaiicial Activities 7108 Balance Slieel Notes to Ilie Financial Statetiients IOto20
Wythenshawe Hospital Transplaiit Fund Reference and Administrative Details Trustees Di. P Callan N Eadie S Fowler E Matlier W Noble R Wood MJHill V Mel)la J Niittall Seci'etary R Fallon Cliai'ity Registration Numbei. 1049067 Conjpally Registration Nuinber 2977135 The chai'ity is incoiyorated in England and Wales. Tlie Transplar)t Fund Office Ti'ansplant Centi'e Wytliensliawe Hospital Mancliestei. Principal Office M23 9LT Independent Ei xAminer Helen Biims FCA Cliai'lei'ed Accountant Menzies LLP One Express l George Leigli Sireet Mancliester M5 4DL Sollcitoi's: Addleshaw Goddard One Si Petei s Square Mancl)estei- M2 3DE Bankei's HSBC Bank plc I I Siainfoi'd New Road Alti'incliaiii WA14 IBW Page I
Wytliensliawe Hospital Transplant Fund Trustees, Report The Iiiistees, wlio aiE directors foi. tl)e purposcs of Company law, present tl)e annual I'epoi'l togetl)er witl) Ilie financial statements and aiiditoi's, i'epoi'l of tlie cl)ai'ilable eoinpany foi. the yeai. cnded 31 Mai'ch 2025. Ti'uslees and officei's Tlie trustees and officei's sei'ving during tlie year and since tlie year end wei'e as follows.. Tii]slees: Dr P Callan D l< Coi'nwall (resigned 19 February 2025) N Eadie S Fowler E Matliei. W Noble R Venkaleswai'an (resigned I l December 2024) R Wood M J Hill (appointed 15 Octobei. 2025) V Melita (appointed lo Septenibei. 2025) J Nutlall (appointed 26 Februaiy 2025) Objectives and activities Objec¢s aiid aiiiis In setting our objectives and planning oui. activities, the Trustees have given cai'eful considei'ation to the Cl)ai'ity Conllnission's general guidance on public benefit. As determined by tlie cliarity's Meniorandum and Articles of Association, Ilie principal activity of tlie cliarity is to 5UPPOI't tlie piograiiinie of lieart and lung ti'ansplantation at Wyiliensliawe Hospital, Mancliester, serving Il)e Noi'ih West of England. Wliilst t]ie NHS pi'ovides substantial funds for the transplant centi'e tliei-e is always a deinand foi. slate-ol-llie-ai't equipiiient or inoney to Suyporl pioneei-ing treatnients and i'esearcl) wliicli the NHS is unwilling to fund. Tlie cl)ai'ity i)lays a vital i'ole by providing funds to accelei'ale tlie adoption of new pi'ocedui'es and by funding i'esearcli wl)icl) advances Ilie leclinology sui'rounding transplanlatioi). tlius eiiabling Ilie Wytlienshawe Ti'ansplant Centre to remain at Ilie foi'efi'ont of exeellence for tl)e ti'eatnient of cai'diac and lung disease. Tlie chai-ity is in regulai. contact witli Wyiliensllale Hospital and i'eceives funding irquests fi'oni Ilie Iiospital. The Boai'd detei'niines wlieihei. lo ii)eet these requests for funding. Tlie cliai'ily does not entei. into contractual i'elalionships with suppliei's of equipnienl and seivices. It oiily pi-ovides Ilie a'eed funding. The TISteeS, policy is lo approve all niajoi. grants prior to comii)ilinenl of funds. Witli tlie exceplioii of Ininor fiiiiding of up to £5,000, wliicli Inay be approved by Ilie Cliainnxn, decisioiis relatiiig to the allocalioii of funds are i'eseived to Ilie Boai'd aiid cannot be delegated. Piiblic beiiefil All the activities of tlie Chai'ity are undei'laken to fui'ihei. public benefit. Tlie trustees confii'i?I tl)at tlicy l)ave coinplied witli Ilie requiremei)Is of seclioi) 17 of11)e Cliai-ilies Act 2011 to liave due i'egai'd to tlie public benefit guidance publislicd by tl)e Cliai'ity Coininis8ion foi. England and Wales. Page 2
Wythenshawe Hospital Transplant Fund Trustees, Report Acliievements and perfoi'mance Voluntaiy donations, legacies and otliei- trading aclivities 17ised a total of £178,070 (2024.. £131,556) llnrestricled incorne, grant was £4,500 (2024.. £10,000) and investinent incoinc on oiii. investinents and cash deposits genei?ted £35,552 (2024.. £29,504). This lias allowed tlie Tnistees of the cliarity to continiie tl)e siipport foi. reqiiesls siibiiiitled to it. Acl)ievei)ients tliis yeai. have included continuing lo pui'cl)ase Sliei'pa packs for tl)e inoir efficient transpoitstion of doiioi. lieai'ls, finaiicial Support foi. the Traiisplanl Games pai'ticipanls and equipiiient foi. patients use on tlie Jiin Quick Wai'd. Tlie major refui'bisliinent woi'k5 planned foi. the Jim Quick Ward al'e still undei. consideration. Finaii¢ial revlew Tlie rcsiilis foi. Ilie yeai. and Ilieii. inipact on tlie Cliarity's funds al'e set out in detail iii Ilie Statement of Finaiicial Activities. Tolal nel incoine for Ilie yeai. was £38,735 (2024.. £73,157) and Il)e yeai'_end nct assels amounted lo £1,547,286 (2024: £1,508,550), including £1,554,420 {2024.. £1.517,936) in casli at the bank or invested in Ulc GovenJnent Stocks, COOi.at¢ bond funds and Open Ended Investnient Conipanies. Poliey oil i'esewves The cliarity's reserves al'e iEpi'esented by ils investinents and casli balances. Tlie Ti'ustees Iiave reviewed Il)e charity's requii'enients for unresli'icted reserves iii tl)e light of tlie inain i-isks to tl)e oiganisation. In tl)e opinion of the Tnistees, sufficient uni-ests'icted resteS are reqiiiird to meet one year's operating costs in tlie event of a significant di'op in incoiiiing i-esouires and £50.000 is considered to be adequate for this purpose. Th¢ balance of the uni'estricted i'eserves are fl'ee i'eserves and are available to be used to fund pi'ojects iii accordan¢e witii the cliarity's objects. Ai 31 March 2025 the unrestricted I'eseryes wei'e £1.479,220 (2024.. £1,500,152). The trustees consider that the reseives lield at Ilie year end al'e above tai'gel level. Jiiiye.Ftiiieiit Jjolieji aiid objecliiie.s Tlie Tiustees are enipowei'ed to invest and deal with the inonies of the charity not immediately I'equii'ed in such a niatu)ei' as the chai'ity niay fi-oiii tinie to liiiie delei'inine subject to sucli conditions aiid consents iiiiposed oi i'equii'ed by law. Surplus fijnds al'e placed on deposit eitl)ei' with the cliarity's bankers oi- with W H Ireland Ltd or invested in UK Govei'iiment Stocks, coipoi'ate bond funds and unit tiSt$. Iiiveslment returns are goveiijed by tlie prevailiiig intei'est l'ates and divkdend payi)ien¢s. Structurej governanee and management RÉci'141tiiieiit aiid nJ)J)oiiiliiieiit ofii'ii.Flees No peiBon iiiay be appointed as a Tiuslee unless approved by all the Tiustees. At evely general nieeting one tliird of tl)e Tiiislees retii'e by rotation being decided by Il)e length of tiine in office. Truslees niust be aged 18 years or above aiid not disqualified by reason of Article 10.1 of tlie cl)ai'ity's Ai'ticles of Association or in coinpany 01- cliai'ity law. Noiie of Ilie Trustees liavc any interest ii) tlie cl)xi'ity. TStetS al-e appoii)led uiidei. Ilie provision of Articles 31 to 33 of the cllai'ity's Articles of Association. IiidiéL'lioii aiid li'aiiiiii¥ ofli'iislees All iiew Tiustees receive a forinal briefing fi-oin the Chaii'nian of tlieii. duties and i'esponsibilities and i'eceive various booklets fioin the Cliai'ity Coiiiniission and Coiiipanies House. TiStee8 al'e also ei)couraged to keep tlieiiiselves abreast of cui'i'eiit and pi-oposed developnieiils iii cliai-ily regiilatioii Ilii'ougli access to tlie Cliai'ity Coiiiinission website and oilier relevant soui'ces of infonnation. Page 3
Wythensliawe Hospital Transplant Fund Trustees, Report Majoi. risks aiid iiiaiiageiiieiil of ilio.se i'isks Tlie Trustees coi)linue to i'eview the cli&rity's actLVlties to identify the inajoi. risks to whicli it is exposed and the Sy.8leins eslablislied to Iiiitigate i'isks al'e periodically Irviewed lo eiisui-e tliat tliey al'e operating effectively and still Ineet Ilie needs of the cliarity. It l)as beeii delerniined Iliat Ilie principal I'isks and uneei'lainties are tlie volatility of investlT)eiits lield by tlie cliai'ity and tlie continued ability to i'aise voluiilai'y incoine. Tlie steps taken by Ilie TISteeS to Initigate iliese I'isks as far as pi'acticable al'e lo Inainlain and i'egularly I'eview a diversified portfolio of inveslinenls, to niaiiitaii) sufficicnt casl) resenies and lo monitor both investment pei'foi'mance and tlie level of voliintary incoine i'eeeived at eacli Boai'd nieeting. Sniall eompanies provision stateinent This i'epoi't lias beeii pitpared in accordance with tl)e sin&ll eoinpanies I'egiiiie undei. the Companies Act 2006. The annual re rt was appi'oved by t]ie trustees of tlie cliai'ity on . Snd signed on its behalf by- N Eadie Trustee Page 4
Wytliensliawe Hospit21 Transplant fl und Statement of Trustees, Responsibilities The trustees (who ai'¢ also tlie dii'ectoi's of Wytlienshawe Hospital Ti'ansplant Fund foi- the pui'poses of coinpany law) al'e responsible for pi'¢pai'ing Ilie ti'uslees, i'epoi'l and Ilie financial statcmcnls in accoi'dance willi applicable law and United Icingdoiii Accounting Siandai'ds (United Icingdoii) Genei'ally Acceptcd Accounting Pi'aclice), iiicludinu FRS 102 'The Fiiiaiicial Rcpoi'ting Slandai'd applicable in Ilie UIC aiid Republic of Irelai)d Coiiipaiiy law requires Ilie liuslees to prepare financial statemetlts foi. eacli financial yeai.. Under coinpany law tl)e trustees Inust not approve Ilie finaiicial slateiiients unless tl)ey al'e satisfied tl)at tl)ey give a ti'ue and fail. view of Il)e slate of affaiis of Ilie cliarilable coinpany aiid of Il)e incoiiiing I'esoui'ces and aiiplicalion of resoui-ces, including its inconic and expenditure, of Ilie cliarilable con)pany for tl)at pei'iod. In i)I'eparii)g Il)csc fii)ancial stateinents, tlie triislees ale reqiiii'ed to.. select suitable accouiiting policies and apply them consistently. obsei've Ilie Inetliods and pi-inciples in Il)e Cliarities SORP. make jiidgements and estiinales tliat are i'easonable and pDJdenl' state whetlier applicable accounting standards, coinpi'ising FRS 102 Iiave been followed, subject to any iiiaterial departures disclosed and explained in Ilie financial slalenients. and pi'epai'e tlie financial stateinents on Ilie going concein basis unless it is inappropriate to pi-esiime that tlie cliai'itable company will continiie in business. Tlie trustees are i'espoiisible foi. keeping pi'oper accouiJting i'e¢ords tliat can disclose witli reasonable accuracy at any time tlie finaiicial position of tlie cliai'ilable coinpany and enable tliein to ensure tliat tlie finaiieiaS slateinents coii)ply willi the Coinpanies Act 2006. Tl)ey al'e also I'esponsible foi. safeguardiiig Ilie assets of tlie cl)ai'ilable coinpany and lience foi. lakiiig reasonable steps for tlie prevention and detection of fraud and otliei. ilTegularities. Tlie tsStees are responsible for Ilie maintenance and integi'ity of tli¢ corporate and financial infoi'ination ineluded on Ilie chai'itable eonipai)y's website. Legislation goveniing the pi'epai'ation and disseinination of finaticial slateiiienls niay differ fi'oiii legislation in oihei. juiisdictions. AppiDved by the ruslees of the charity on and signed on its belialf by.. N Eadie Trustee Page 5
Wythenshawe Hospital Transplant Fund Independeiit Examxner's Report to the trustees of Wytheiishawe Hospital Transplaiit Fund ('the Company,) I report to tlie cliai'ity trustees on my exaniination of tlie accounts of the Coiiipany foi. Ilie ye. ended 31 March 2025. Responsibilities and basis of report As tlie cliarity'8 trustees of Ilie Coinpany (and also ils directors foi. Ilie puiposes of eoinpany law) you al'e responsible for Ilie i)i-eparation of tl)e accounts in accordance willi tl)e requii'eineiits of tlie Coii)panies Act 2006 ('Ilie 2006 Act,). Having satisfied myself tliat tl)c accounts of tlie Conipany are not i'equii'ed to be audited undei. Pait 16 of Ilie 2006 Act and are eligible for indcpendent exaniinalion, l i'eporl in i'espect of iny examii)ation of yoiii. chai'ity's accouiits as caiTLed oiit undci- sectioii 145 of tl)c Cliai'ities Act 2011 ('the 2011 Act,). In caiiyiiig oiit iiiy exaniinalioii I have followed tl)e Directions given by tlie Cliarity Cominission undei. section 145(5){b) of tlie 2011 Act. Independent exaininer's stateittent I liave coinpleted Iiiy examinatioii. I confii'm tl)at no iiiattei's Iiave coine lo iny attentioii in eonnection witli tlie exaiiiinalion giving me cause to believe.. accounting i'ecoi'ds were not kept in respect of Wythenshawe Hospital Ti'ansplant Fund as i'equired by section 386 of tlie 2006 Act. or 2. the accounts do not accord witli Iliose i'ecoi'ds. oi. 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any i'equirenieiit that the accounts give a 'ttue and fail. view, which is not a m2tleL considered as pait of an independent exainiiialion. or 4. the aecounls l)ave not been prepared in accordance witli the meiliods and principles of tl)e Staten)eiit of Recon)Inended Practice foi. accounting and reporting by cliarities [applicable lo cl)ai'ities prepai'ing Ilieii. accounts in accoi'dance witli tl)e Financial Repoi'ting Standard applicable in the UK and Republic of Ii'eland (FRS 102)]. I liave no conceins and liave conie aci-oss no otlier inatters in connectioi) witl) tl)e exainination to wliicl) attention sliould be di'awn in Iliis irpoi't in order lo enable a pi-opei. understanding of tlie accounts to be i'eaclied. Helen Biiins FCA Chartered Accountant Menzies LLP One Express l Geoi-ge Leigli Street Maiichestei. M5 4DL Dale.. Page 6
Wythensh2ive Hospital Transplant Fund Statemeiit of Financial Activities foi" the Yeai" Ended 31 March 2025 (Including Income and E4 xpenditure Account and Statement of Total Recognised Gains and Lo,sses) Uni'esti'icted funds Restricted fuiids Total 2025 Note Income aiid Endoivinent5 fi'oin: Donations aiid legacies Otliei. ti'ading activities IIiiTestmeiit income 68,853 49,217 35,552 64,500 133.353 49,217 35,552 Total incoiiie 153,622 64,500 218,122 I xpeDditure on: Raising fiinds Cliai'itable activities (19,265) (154,024) (19,265} (158,856) (4,832 Total expenditure Gainsllosses on investment assets {173,289) (1,266) (4,832) (178.121) (1,266 Net (expenditure)/incotne 20,933) 59,668 38,735 Net movenient in funds (20,933) 59,668 38,735 Reconciliation of funds Total funds biDuglit foiivai'd 1,500,153 8,398 1,508,551 Total funds carried forward 18 1,479,220 68,066 1,547,286 Tlie notes on pages l O 10 20 foi'in an integi'al pai'l of these financial slaleinents. Page 7
Wytlienshawe Hospital Transplant Fund Statement of Financial Activities for the Year Ended 31 mai.ch 2025 (Includiiig Income and Expcnditui'e Account and Statement of Total Recognised Gains and Losses) Uni'esti'icted funds Resti'icted funds Totgl 2024 Note Income aiid Eiidoivillents fi'oiii: Doi)alions and legic cies Oil)ei- Ii'ading activities Investinent inconie 77,061 54,495 29,505 10,000 87,061 54,495 29,505 Total incoi)ie 161,061 10,000 171,061 i Ypenditui'e on: Raising funds ch'Itable activities (17,940) 98,231) (17,940) (113.187) 14,956) Total expenditure Gainsllosses on investment assets (116,171) 33,223 (14,956) (131,127) 33,223 Nel incoiiiel(expenditure) 78,113 (4,956 73,157 Net niovenient in funds 78.113 (4.956) 73,157 Reconeiliation of funds Total funds biouglit fonvai'd Total funds carried fonvard 1,422,039 13,354 1.435,393 18 1,500,152 8,398 1,508,550 All of Ilie cliai'ity's activities derive froin continuing operations during tlie above two periods. The funds breakdown for 2024 is sliown in note 18. Tlie notes on pages l O 10 20 forin an integi'al pai't of these financial slaleinenls. Page 8
Wythenshawe Hospital Transplant Fund (Registration number: 2977135) Balance Sheet as at 31 Mai'ch 2025 2025 2024 Note Fixed assets Tangible assets 12 613 818 Cui'rent assets Stocks Debtoi's Investiiienls Casli at bank and in l)and 13 14 15 16 200 190 547,191 1,007,229 200 191 553,491 964,445 1,554,810 1,518,327 Ci'editors: Amounts fallliig due ivithiii one year 17 8,137) 10,595) Net current assets 1,546,673 1,507,732 Net assets 1,547,286 1,508,550 Flliids of tlie cliai'ity: Resti'icted income funds Restricted funds 68,066 8,398 Uni'estricted income funds Uni'esti'icted funds 1,479,220 1,500,152 Total funds 18 1,547,286 1,508,550 For Ilie finaiicial yeai. ending 31 Marcli 2025 Ilie charity was entitled to exeinption fi'oiii audit undei- section 477 of Ihc Coinpanies Act 2006 relating Co small coinpaiiies. Directors, responsibilities: The ts'usleesldii'ectoi's Iiave not rcquii'ed the chai'ity to obtain an aiidit of its accounts for the year in qiiestio in accoi-dance witli section 476. and The dii'eclors ackiiowledge Ilieii- responsibilities foi. coniplying willi the requii'eiiients of tl)e Act witli respect to accouiiting records and the preparation of accounts. fli) cial slateineiils oil pages 7 to 20 were approved by the tsuslees, and autlioi'ised foi. issue oil igned on Ilieii. belialf by.. N Eadie Trustee Tlie notes on pages l O to 20 foi'in an integral pai'l of these financial staleinents. Page 9
Wythenshawe Hospital Transplant Fund Notes to the Financial Statements for the Year Ended 31 Mai'ch 2025 I Cliarity status Tlie charity is a pi'ivale conipany limited by giiai'antee, incoi'poJat¢d in Eiigland and Wales, and conseqiiently does not have slJai'c eapital. Eacli of tlie tivslees is liable lo conti'ibute an aniount not exce¢ding £1 towards tlie assets of the cliarity in tlie event of liquidation. Tlie addi'ess of ils regislei'ed office is: Tl)e Transplant Fuiid Office Transplant Ceiili'e Wyihensliawe Hospital Mancliestei. M23 9LT 2 Accouiitiiig policies Suiiiniai'y of significant accounting policies and l(ey accounting estimates Tlie pi'incipal accounliiig policies applied iii the pi-eparation of tliese financial stalemeiils are set out below. These policies have been consistently applied to all Ilie years piesenled, unless otheiivise stated. Statemeiit of compliaiice Tlie financial stateinents l)ave been prepared in accoi'dance witli Accounting and RepoitinLF by Cliai'ities= Statenienl of Rceoinmei)ded Practice (applicable lo cliai'ities pi-eparing Ilieii. accounts in accoi'dance witli Il)e Financial Reporting Standard applicable in Ilie UK and Republic of Ireland (FRS 102)) {issued in Octobei. 2019) (Cliai-ities SORP (FRS 102)), tlie Financial Repoiting Siandai-d applicable in tlie UK and Republic of Ireland (FRS 102) and the Coinpanies Act 2006. Basis of pi'eparation Wythen81)awe Hospital Transplant Fund iiieels the definilioii of a public benefit entity under FRS 102. Assets and liabililics are initially recognised al liistorical cost oi. transaction value unless otlieiwise slated in Ilie relevant accounting policy notes. Tlie financial stateinents are pi'epai'ed in sterling, wliicl) is Ilie functional currency of the entity. Going coneei'n Tlie livstees consider tliat Ihei'e al'e no ii)atei'ial uncertainties about the cliarity's ability to eonlinue as a going concei-n noi. aiiy significant ai'eas of uncellaiiity that affect Ilie cai'iying value of assets Iield by the cliarity. Critical accounting judgenients and key soui'ces of estimation uiicei'tainty Tlie pi-eparation of Il)e fiiiai)cial staleiiienls in conforn)ity willi FRS 102 requires Ilie use of cei'lain ci'ilical accounting estiinales. It can also I'cquii'e Il)e Ti'uslees to exercise Ilieii. jiidgeinent in Ilie piocess of applyiiig Ilie cliai'ily's accounting policies. Tlie cliarily is not coiisidei'ed to liave any Ll'ilical accounting esliiiiales oi. judgeiiicnts at Iliis tiine. Income and cndoivments All incoiiie is recognised once Ilie cliarity lias eiititleinent to tlie inconie. it is probable Iliat tlie inconie will be i-eceived and Ilie ainount of tlie incoiiie i'eceivable can be measured i'eliably. Page 10
Wythenshawe Hospital Transplant Fund Notes to the Finaiicial Stateinents for the YeAr Ended 31 Mai'ch 2025 Doiialioii.s aiid legacies Donatioiis are recogiiised wlien the cliai'ity lias beeii iiotified in wi'lting of botli the aniount aiid settlement date. In tlie event Iliat a doiialion is subject lo coiidilions that require a level of pei'loi'iiiance by tl)e chai'ily befoi'e Ilie cliarity is entitled to the funds, tlie income is defei'red and not i'ecognised uiitil eiilier tliose conditioi)s al'e fully niel, oi. the fuifilii)ent of tl)ose condilioiis is wl)olly witl)in Il)e conli'ol of tlie cliarity and it is pi'obable tl)at Iliesc conditions will be fulfilled in Ilie repoi'ting pei'iod. Legacy gifts al'e i'ecognised 011 R case by case basis followiiig Ilie gi'ant of pi-obate wlien tlie administi7toi./cxeeLltoi' foi- tlie estate l)as comiiiiinicated in wi'lting botl) tlie ainoiint and scttlenient dale. In tl)e evcnt tliat tlie gift is in Ilie form of an asset otlier tlian casl) or a financial assel ti'aded on & i'ecogniscd stock cxchaiige, i-ecognition is subject to the vallie of the gift being i'eliably Ineasui'able with a de'ee of i'easoiiable accvi'acy and the lille to tl)e asset having been IransfeiTed to tlie cliarity. Gi'aiils i'eceii)able Gi?nt8 al'e I'ecognised wlien the cliai'ity has an entitlement to tl)e funds and any conditions linked to the 'allts liave been met. Where pei'foi'mance conditions are attached lo the gi'ant and al'e yet to be mel, the income is i'ecogiiised as a liability and included on the balance sheet as defen'ed iiicome to be i'eleased. liivestiiieiit iiicoiiiÉ Dividends al'e iwognised once the dividend lias been declared and rkotification lias been iyceived of the dividend due. Eypenditure All expenditui-e is i'ecognised once there is a legal or constructive obligation lo that expeiiditure, it is pi'obable sertleinent is i'equired and the aniount can be nieasui'ed I'eliably. All cost5 are allocated lo tlie api)licable expenditui'e lieading tliat aggi'egate similar costs to Iliat category. Wliei'e costs cannot be directly attributed lo paiticulai. lieadings Iliey l)ave been allocated on a basis consistent witli Ilie use of resoui'ees. willi centr&l staff costs allocated on Il)e basis of tin)e spent, and depreciation cliai-ges allocated on Ilie poi'tion of tlie asset's use. Oiliei. suppoi'l costs are allocated based on Ilie spi'ead of staff costs. Raisiiigfiiiids Tliese are costs incu11.ed in allracting voluiilaiy iiiconie. the management of inveslinents and tliose incuiTed in li'ading activities Iliat i'aise funds. Cliaiilable uc(ivilies Cliai'itable expeiiditure eoii)pi'i.ses tl)ose costs incui'red by the cliarity in the deliveiy of ils activities and seivices foi. ils beneficiaries. It iiicludes boil) costs tliat can be allocated dii'ectly to sucl) a¢livilies and Iliose costs of an indirect i)aturc necessaiy lo support Illel. Taxation Tl)e charity is coiisidei'ed to pass Ilie tests set out in Pai'agrapl) I Scl)edule 6 of Ilie Finance Aei 2010 aiid therefoi'e il nieets tlic definition of a cliai'itdble coinpany foi. Ut( coi'poration tax piloSeS. Accoi'dingly, tlie c5)ai'ity is potentially exet]Ipt fi'oni taxation in i'espect of income or capital gaiiis i'eceived within categoi-ies covered by Cliaptei. 3 Pait I l of Ilie Coi'poi'atioii Tax Act 2010 01. Sectioii 256 of Ilie Taxatioii of Cliargeable Gains Act 1992, to the extent Iliat such income or gains al'e applied exclusively to cliai'itable puiposes. Tangible fixed assets Individual fixed assets Costing £0.00 or Inore al'e initially i'ecorded at cost, less any subsequent accumulated depi'eciation ai)d 8ubsequei)t accuinulaled iinpaii'inent losses. Pagell
Wythenshawe Hospital Transplant Fund Notes to the Finaiicial Statements foi. the Year Ended 31 March 2025 DepJ'eciAtioi) and Amor115ation t)epi'eciation is provided on langible fixed assets so as ¢0 wrile off Ilie cosl oi. valuation, less any estiiiiated residual value, over Ilieii- expected useful economic life as follows: Asset elass Coinpulei. equipment Depi'eciation metliod and l'ate 20./0 straight line Curi'eiit asset IDI'estinents Cui'i'enl dssel invcslinenls al'e included at Ilie lowel- of cost and nel i'ealisable value I niarket value. Stoek Stock is valued &t the lowei. of cost aiid estiiiialed selliiig price less costs to coinplcte aiid sell. after due i'egaixl foi. obsolete and slow iiioving stocks. Cost is detennined usiiig tlie first-in, fii'st-out (FIFO). Ti'ade dehtoi's Ti'ade debtors are ainounts due froni custoiners foi. Inerchaiidise sold or services pei'foi'ined in tlie ordinary course of business. Trade debtors are i'ecognised initially al Ilie Ii'ansaction pi'ice. Tliey are subsequently measured at ainortised cost using tlie effective intei'est Inethod, less piovision for iinpairnient. A provision for tlie iinpaiiinent of ti'ade debtoi's is establisl)ed when thei'e is objective evidence that the charity will not be able to collect all ainounls due accoi'ding to the original ternis of the receivables. Cash and cash equivalents Casli and easli equivftlenls comprise casli on l)and and call deposits, and oilier slioit-term liiglily liquid inveslineiits Ilial are readily convertible to a known amount of casli and are subject to an insignificant risk of cliange in value. Fuiid sti'uelure Uni'esti'icted income funds al'e genei'al funds that are avRilable for use at tlie trustees discretion in fllitheranoe of tlie objectives of tli¢ cliarity. Resli'icted inconie furids al'e tliose donated for use in a pai'liculai. area or for specific purposes, the use of wlii¢h is resti'icled to Il)at ai-ea or puiyose. riinaDciAI Insti'uments Classificalioii Finaiicial assets and fiiiancial lig4bilities are i.ecolised wlien the cliai'ity becoiiies a paity to Ilie contractual provisions of Ilie insliuinent. Financial liabilities and equity instiuments are classified aeeoLding to the substance of the contractual ai'rangeinents entei'ed into. A]1 equity i1)sliment is any contract Iliat evidei)ees a I'esidiial interest in Ilie assets of tlie cliai'ity aftei. deducting all of ils liabilities. Page 12
Wythensliawe Hospital Transplant Fund otes to the Financial Statements foi. the Year Ended 31 March 2025 Recogiiikioii uiid iiieusiii'eiijeiil All fiiiancial assets and liabilities are initially measuLed al Ii'ansaction pi'ice (including transaclion costs), except for tliose financial assets elassified as at fail. value Ilu'ougli pi'ofit oi. loss, whicli are iiiitially iiieasui'ed at fail. value (whicl) is iioi'nially Ilie Ii'aii.8aclion pi'ice excluding Ii'ansaclion costs), uiiless Ilie ari'ai)gement constitutes a financing Irai)saction. If an ari2ngenient eoiistitutes a financing li'ansactioii, tlie financial asset or finai)eial liability is iiieasui'ed at the present value of the fumre paynienls discounted at a iiiarket rate of inlei'esl foi. a siinilai. debi insts'uinent. Financial assets and liabilities are only offset in tlie statement of financial position wlien, and only wlien tl)ei'e exists a legally enfoi'eeable i'iglit to set off tlie i'ecognised amounts and th¢ chaiity intends eitliei. to settle on a net basis, oi. to t'ealise the asset and sctile the liability siiniiltaneously. Financial assets al'e derecognised wlieii and only wlien a) the contractual riglils to the casl) flows fi'om Ilie finaiicial asset expii'e oi. al'e settled, b) Ilie cliai'ity Ii?nsfei3 lo anoiliei. pai'ty substantially all of Ilie i'isks and i'ewards of ownersliip of tl)e fiiiancial asset, 01- c) Ilie cliarity, despite l)aving retained some, bul not all, significant risks and i'ewai'ds of ownei'sliip, lias ti'aiisfen'ed coiiti'ol of Ilie asset to Anotl)er pai'ty. Financial liabilities al'e dei'ecognised only when tlie obligation specified in tlie conliact is dischai'ged, cancelled oi. expiits. Page 13
Wytliensliawe Hospital Transplant Fund Notes to tlie Finaiicial Statements for the Year Ended 31 Mai'ch 2025 3 11)coine fi'oin donatioiis aiid legacie$ Uiiresti-ieted fuilds Genei'al Restricted funds Total 2025 Donations and legacies. Doi)alions froin coinpanics, tiusls and siinilai. proceeds Doriations froiii individuals In Imeiiioriam Giants, including capital gi'ants. Gi'ants froiii companies 2,431 56,625 9,797 2,431 116,625 9,797 60,000 4,500 4,500 68,853 64,500 133,353 Unresti'icted fullds Genei'al Resti'ieted fuiids Total 2024 Donations and leE&cies' Doiiations from coinpanies, li'usts and siinilar proceeds Donations from individiials Legacies In Ineiiioi'iain Gi'ants, including capital gi'ants. Gi'ants froin coiiipanies 2,465 52,013 5.219 17,364 2,465 52,013 5,219 17,364 10,000 10,000 77,061 i 0,000 87,061 4 Inconic fi'oni other trading activities Uni-esti'icted funds Geiiei'al Total 2024 Total 2024 Ti'adiiig income. Incoine fioni sales of mei-cliandise Fundi'aising events 1,364 47,853 1,364 47,853 972 53,523 49,217 49.217 54,495 Page 14
Wythenshawe Hospital Transplant Fund Notes to the Financial Statements foi. the Year Ended 31 mai.ch 2025 S liivestment incoine Ui))'estricted fuiids Genci'xl Total 2025 Total 2024 Interest i'eceivable and siinilai. income- Interest receivable on bald( deposits Oiliei. investment iiicoine 19,078 16,474 19,078 16,474 13,185 16,320 35,552 35,552 29,505 6 Expenditui'e oll raisiiig funds a) Costs of ti'ading aetivities Unresti'ieted funds Geiieral Total 2025 Total 2024 Fundraising trading costs. Fundi'aising Costs of goods sold 11,267 447 11,267 447 7,719 2,622 11,714 1,714 10,341 Page IS
Wytlienshawe Hospital Transplant Fund Notes to the Financial Statements for the Year Ended 31 Mai'ch 2025 b) Investiiient manageDient costs Uni'esti'icted fuiids General Total 2025 Total 2024 Interest payable. Oil)er intei'est payable Finance chai'ges. Bank cliai-ges Oilier investinent Inanageinent costs; Aniounls payable lo investnient nianageis 73 73 64 237 237 679 7,241 7,241 6.856 7,551 7,551 7,599 7 Expendlture on cliaritable activitles Unrestricted funds Genei'al Resti'icted funds Total 2025 Medical supplies l equipmeiit Otl)ei' eliaritable donations Administi'ation and otlier costs Staff costs 83,239 41,609 15,012 14,164 83,239 46,441 15,012 14.164 4,832 154,024 4,832 158,856 Uni'estTr'ieted funds General Resti'icted funds Total 2024 Medical supplies l equipnient Oilier cl)arilable donations Adniinisti'ation and otlier costs Staff costs 42,122 24,407 19,655 12,047 3,666 11.008 282 45,788 35,415 19,937 12,047 98.231 14,956 113,187 Page 16
Wythensliawe Hospital Transplant Fuiid Notes to tlie Financial Statements for the Year Ended 31 Mai'ch 2025 8 Net incomingloutgoing t'esourees Net inconiing i'esources for the yeai. include.. 2025 2024 Depi-eciation of fixed assets Finance cliai'ges payable Independent Exaniiners Fee 205 237 2,800 205 679 2,670 9 Ti'ustees reinuiiej'ation and expenses No ts'iistees, noT any persons connected witli tliem, Iiave I'eceived any reinuneiation fi'om the cliai'ity diiring the year. No trustees Iiave received any reiftibursed expenses or any otlier benefits froni tl)e ¢liarity dui'ing tlie year. 10 Staff costs Tlie aggiEgate payi'oll costs wei'e as follows.. 2025 2024 Staff costs during tlie yeai. )vei'e: Wages and salaries Pension costs 13,734 430 11,468 579 14,164 12,047 Tlie nioiiilily avei'age nuinbei. of persons (including senior manageiiient I leadersliip leani) employed by Ilie cl)arity during tlie yeai. expressed as full tiine equivaleiits was as follows.. 2025 2024 No Adininisli'atiiie Staff No eniployee received einoluinenls of more Ilian £60,000 dui'ing Llie year. I l Taxation The cliaL'ity is a i'egistered chai'ity and is thei'efore exeiiipt fi'om taxalioii. Page 17
Wythenshawe Hospital Transplant fiund Notes to the Financial Statements for the Year nded 31 mai.ch 2025 12 Tangible fixed assets Coiiiputer equipment Total Cost At l Api'il 2024 1.023 1,023 Ai 31 Mareli 2025 1,023 1,023 Depi'eciation Ai l Api'il 2024 Chai'ge for the year 205 205 205 205 At 31 Marcs) 2025 410 410 Net book value At 31 Mai'ch 2025 613 613 At 31 Marcl) 2024 818 818 13 Stock 2025 2024 Stocks 200 200 14 Debtors 2025 2024 Pi'epaynients Oil)er debloi's 191 191 190 191 15 Curi'ent as*et Investments 2025 2024 Listed oilier sliares 547,191 553.491 16 Cash Aiid cash equivalents 2025 2024 Cash at bai 1,007,229 964,445 Page 18
Wythenshawe Hospital Transplant Fund Notes to the Financial Statements for the Year Ended 31 March 2025 17 Ci'editors: ainounts falling due within one yeai. 2025 2024 Oil)er thxation and social securily Pension sclieme creditor Acciuals 336 71 7,730 628 9,967 8,137 10,595 18 Funds Otlier i'ecognised gainsl(Iossc5) Balance at 31 March 2025 Balance at I Api'il 2024 Incoming i'esoui'ce5 Resources eypended Unresti'icted funds Gene171 I,SOO,153 153,622 (173,289) (1,266) 1.479,220 Re$trlcted funds 8,398 64,500 4,832 68,066 Total funds 1,508,551 218,122 (178,121 (1,266) 1,547,286 Otlier l'ecogiiised gains/{losses) B#lanee at .11 MAI'ch 2024 Balante at I Api'il 2023 Incoming resources Rcsoui'ces expended Uni'estricted funds Genei'21 1,422,039 161,061 (116,171) (14.956 33,223 1,500,152 Restricted funds 13,354 10.000 8,398 Total funds 1,435,393 171,061 131,127 33,223 1,508,550 The specific purposes for which the funds al'e lo be applied are as follows.. Tl)e i'esti'icled ineoiiie fui)ds coinpi'ise ainouiils given by donoi's wlio indicate Iliat Ilieii- donations al'e to be spent on specific ileiiis lo be used, or piojects to be cai"i'ied out, at Wyil)ensl)awe Hospital to fui'iliei. Ilie objects of tlie cl)arity. Tlie balai)ce at tlie yeai- end can be splii between equipineni for Iieai-ls £424 (2024- £424), expeiiditui'e for Ilic bungalows £7.641 (2024.. £7,641), a scientific I'eseai'cli doiiation £60,000. Tliei'e was not an opporliinily to use these funds for the specified piiiyose in th¢ 2024-2025 financial yeai-. Page 19
Wythenshawe Hospital Transplant Fund Notes to the Financial Statements for the Year Ended 31 mai.ch 2025 19 Aiialysis of net assets betiveen funds Uni'esti'icted funds Desigiiated Total funds at 31 Mai'cli 2025 Restricted funds Tangible fixed assets Curi'ent assets Cui'i'ent liabilities 613 1,486.744 (8,138) 1,479.219 613 1,554,810 (8,138) 68,066 Total net assets 68,066 1,547,285 Uiirestl'ficted fuiids General Total funds At JI Mai'ch 2024 Restricted runds Tangible fixed assets Curi'ent assets Current liabilities 818 1,509,929 10,595) 818 1,518,327 {10,595) 8,398 Total nel assels 1.500,152 8.398 1,508,550 20 Related pai'ty transactions There wei'e no i'elaled pai'ly transactioiis in the yeai.. Page 20