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← Northcare Charity

2025-03-31-accounts

NorthCare Charity

Annual report and accounts for the year ended 31** March 2025

Registered charity number 1049226

Principal office: Trust Executive, Stott Lane, Salford M6 8HD

NorthCare Charity Annual Report 2024/25

Page 1

Sections Sections Page
1 Foreword 3
2 Administrative details 3
3 Professional Advisers 3
4 Trustee 4
5 General 4-5
6 Structure, governance and management 6
7 Risk Management and reserves policy 7
8 Fundraising 8-11
8 Objectives and strategy 12
9 ~~ Annual review 12-14
10 ~~Financial review 15-17
NorthCare Charity Annual Accounts
Statement ofTrustee’s Responsibilities 18
Independent Auditor’s Report to the members ofthe NorthCare 19-22
Charity
Statement of Financial Activities 23
Statement of financial Position 24
Statement of Cashflows 25
NotestotheAccounts 26-33

NorthCare Charity Annual Report 2024/25

Page 2

Report of the Trustee for the year ended 31 March 2025

Foreword

The Corporate Trustee is pleased to present the Charitable Funds Annual Report together with the audited accounts for the year ended 31 March 2025. In this financial year, with thanks to the generosity of the public and organisations that support our Charity, £1,156k of income was received. During the year, £844k was spent by the Charity to complement the services provided by the Foundation Trust.

The Charity’s Annual report and accounts have been prepared by the Corporate Trustee in accordance with Part 8 of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. The Charity’s Report and Accounts include all the separately established funds for which the Northern Care Alliance NHS Foundation Trust is the sole beneficiary.

Administrative Details

The Corporate Trustee of the Charity is the Northern Care Alliance NHS Foundation Trust (NCA). Details of the Corporate Trustee are included in this report.

Professional Advisers

The Charity had access to the following professional advisers during the financial year:

Bankers

National Westminster Bank PLC- Government Banking CST, PO Box 2027, Parklands, De Havilland Way, Bolton BL6 4YU

Investment Fund Managers

Investec Wealth & Investment LimitedRBC Brewin Dolphin Ltd.- 1 The Avenue, 2 Gresham Street, London EC2V 7QN Spinningfields Square, Manchester M3 3AP

Statutory Auditors, Chartered Accountants

Forvis Mazars - One St Peter’s Square, Manchester, M2 3DE

Solicitors

Hill Dickinson- 1 St Paul’s Square, Old Hall Street, Liverpool L3 9SJ

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General

Salford Royal NHS Foundation Trust General Charitable Fund was registered with the Charity Commission on 15 September 1995. The Charity is a public benefit entity, i.e. an entity whose primary objective is to provide goods or services for community or social benefit and where any income and endowments have been received with a view to supporting the entity’s primary objective rather than for a financial return to equity holders.

The Charity formally adopted the name of the NorthCare Charity in November 2020 to reflect the anticipated expansion of the Corporate Trustee to include Fairfield General Hospital, Rochdale Infirmary, and the Royal Oldham Hospital.

The Charity is constituted of 25 Specific Charities (2023/24 : 25) further devolved into 238, Designated Funds (2023/24 : 283).

The Charity expects at least one third of the opening balances to be spent within the year and an annual review is carried out to check whether there has been any movement on the funds. For those funds where this has not been the case, Fund Holders are contacted to consider transferring resources to a similar fund within their directorate; this would then enable them to find a potential use for the funds. They can do this by applying to the Charitable Funds Committee for approval of the project, timeframe, and funding amount. Fundholders with funds under £500 are contacted to merge to a similar fund or the general fund.

The notes to the Annual Accounts distinguish the types of funds held and disclose separately all material funds.

Charitable funds received by the Charity are accepted, held and administered as funds and property held on trust for purposes relating to the health service in accordance with the National Health Service Act 1977 and the National Health Service and Community Care Act 1990 and these funds are held on trust by the corporate body.

Trustee

The Northern Care Alliance NHS Foundation Trust is the Corporate Trustee of the Charity governed by the laws applicable to Trusts, principally the Trustees Act 2000 and the Charities Act 2011.

The Foundation Trust’s Board of Directors devolved responsibility for the ongoing management of the funds to the Charitable Funds Committee which administers the funds on behalf of the Corporate Trustee. This Committee has its own terms of reference and a membership compromising of those members listed here supported, as required, by Care Organisation Chief Officers and/or Directors of Finance and representatives of the current investment advisers.

fa A Oe a a A ESTr ee ee NorthCare Charity Annual Report 2024/25 Page 4

The Charitable Funds Committee (CFC) met six times during the financial year, including an extraordinary meeting in November, with attendance as follows:

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Trustee|member|24|24|24|24|25|25| |Officer***|Lorna|Allan|N/A|N/A|_ ||N/A|¥|Y|A| |eee|Tesi||e|Lan|xd|| a|

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* Chris Mayer left the Trust in September 2024

** Chris Harrison joined the Trust in October 2024.

***1 orna Allen, the Trust’s Chief Digital Information Officer, became a member of the CFC following the departure of Jack Sharp.

**** In April 2025 Suzanne Robinson became the substantive Chief Finance Officer of the Northern Care Alliance NHSFT replacing Craig Carter (interim)

** A(D)- Absent- Deputy attended

***D- Attended as deputy

The CFC is supported by the following who attend CFC meetings:

The Fundraising Management Group, under a scheme of delegated authority approved by the Corporate Trustee, has responsibility for the day-to-day management of the Charitable Funds. Delegation of the responsibility for approving expenditure is set out in the Foundation Trust’s Standing Orders and the Charitable Expenditure policy approved by the Committee.

The Head of Fundraising acted as the principal officer overseeing the day-to-day financial management of the charitable funds during the year.

NorthCare Charity Annual Report 2024/25

Page 5

Structure, Governance and Management

.

The Charity’s General Fund was established using the NHS Charitable Funds’ Model Declaration of Trust and all funds held on trust as at the registration date were either part of that unrestricted fund or registered as separate funds under the main Charity. Subsequent donations and gifts received by the Charity that are attributable to the original funds are added to those fund balances within the existing Charity.

The Corporate Trustee fulfils its legal duty by ensuring that funds are spent in accordance with the objects of each fund and by designating funds the Corporate Trustee respects the wishes of the donors.

Where funds have been received with specific restrictions set by the donor a restricted fund is established.

The charitable funds available for spending are allocated to specialties within the Trust’s management structure. Each allocation is managed by use of a designated fund within the general unrestricted fund. For example, within the general unrestricted fund of General Surgery and Gastroenterology Department Fund there are designated funds that include research and development in surgery, intestinal failure and surgical critical care.

Non-executive members of the Board are appointed by the Council of Governors and Executive Members are subject to recruitment by the Board of Directors. Members of the Board and Charitable Funds Committee are not individual trustees under Charity law but act as agents on behalf of the Corporate Trustee.

Acting for the Corporate Trustee the Charitable Funds Committee is responsible for the overall management of the Charitable Funds. The Committee is required to:

The accounting records and day to day administration of the funds are dealt with by the Fundraising Department located in Chatsworth House, Roach Bank Road, Bury, BLO 8RN.

OOO ____ NorthCare Charity Annual Report 2024/25 Page 6

Risk Management and reserves policy

The major risks to which the Charity is exposed have been identified and considered. There are systems in place to mitigate those risks. The most significant risks identified are possible losses from the fall in the value of the investments and the level of reserves available to mitigate the impact of such losses. These have been carefully considered and there are procedures in place to regularly review the investment policy and to ensure that both spending and financial commitments remain in line with income.

The Charity’s income and expenditure is monitored on a monthly basis to record trends and make recommendations to the Charitable Funds Committee as part of the risk management process.

NorthCare Charity Annual Report 2024/25

Page 7

Fundraising Highlights

At NorthCare Charity we are incredibly grateful to everyone that supported in 2024/25, whether it was fundraising, gift in kind, volunteering or raising awareness. Everyone has helped to develop the charity and support our aim to help Northern Care Alliance, aati (NCA) NHS Foundation Trust deliver outstanding care outstanding care care across Bury, heed ofc aie Oldham, Rochdale and Salford by funding funding innovative equipment, i See ey ey education, research and wellbeing wellbeing activities. :) Sh

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develop the charity and support our aim to help Northern Care Alliance, aati ae
(NCA) NHS Foundation Trust deliver outstanding care outstanding care care across Bury, heed ofc aie
Oldham, Rochdale and Salford by funding funding innovative equipment, i See ey ey eee
education, research and wellbeing wellbeing activities. :) Sh
ben
Our Community Fundraisers continued to go above and beyond to a he 3 yg
support our work. We saw the return of the annual community festival e ay %.
Ferringo Fest in May. They held another great community day whilst v AD
raising an incredible £5,000 to support the Haematology Unit at Royal se 3 Nake
Oldham Hospital. — _
Many individuals and teams joined us for our challenge events % Fe
throughout the year, from skydives to inflatable fun runs and everything ee
in between. A few key highlight events include our first Yorkshire Three us ys
Peaks challenge, which took place in May. Over 24 miles covered, taking is a ee
in the stunning sites from the iconic three peaks of Pen-y-ghent, MLA | LR Ory sie Rated
Whernside and Ingleborough, in the Yorkshire Dales National Park. Our [& Ay ty We) ee
incredible group raised an impressive £11,210, supporting a range of i C
areas and projects including the Children’s Sensory Room Project at y.
Bury Living Well Centre, Neuro Research and the Sunshine Appeal at
Royal Oldham Hospital.
We had our first NorthCare Charity boat in the UK Chinese Dragon Boat i aes ites a a Ga
Festival at Salford Quays in June, as our Hospital Sterilization and na ee
Disinfection Unit (HSDU) took on the boat race and raised over £3,500 3 @ a” teG4 sf
towards the Sunshine Appeal. This was the first event our NCA colleagues “S085 hy oe: 2. SR
took part in and is just the start of their fundraising journey as they're as A t i= Cod a 4 ia 4
keen to get signed up for their next challenge. gd: ‘ tf Xe ee as 1 aay
In February our Firewalk returned this time time at Rochdale Rochdale Infirmary and and | a | |
was another blazing success, with 38 fundraisers fundraisers walking acrossa pathof jj °. yay, ae eee le WE
red-hot embers embers barefoot, raising over £9,000. £9,000. Some completed completed the 4 WA 4 als Beeeai nsf ; | }
Firewalk in appreciation appreciation for the care they or their loved ones have the care they or their loved ones have care they or their loved ones have they or their loved ones have or their loved ones have their loved ones have loved ones have ones have have iy ‘iy “a ‘ =
received, others took part as a personal challenge, or as as a fun event re, 4 Pe OR
alongside friends and colleagues. Pf
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In February our Firewalk returned this time time at Rochdale Rochdale Infirmary and and was another blazing success, with 38 fundraisers fundraisers walking acrossa pathof red-hot embers embers barefoot, raising over £9,000. £9,000. Some completed completed the Firewalk in appreciation appreciation for the care they or their loved ones have the care they or their loved ones have care they or their loved ones have they or their loved ones have or their loved ones have their loved ones have loved ones have ones have have received, others took part as a personal challenge, or as as a fun event alongside friends and colleagues.

ee NorthCare Charity Annual Report 2024/25 Page 8

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One of our Corporate supporters Argyle NW held their second charity aS. { SEN) : GCS f
golf day, this time to support the incredible work that The Geoffrey set 3h or $ay — =
Jefferson Brain Research Centre undertake at Salford Royal Hospital. The | Sun cy ig se |
event was another massive success and raised £4,019 in addition to ON | . WY ‘g
elevating the profile of NorthCare and The Geoffrey Jefferson Brain he ot ia
Research Centre. Some members of the Argyle NW team were able to en \ | AY, .
visit the Brain Bank and see with their own eyes the research that is 7 ¥ Phy | 3” A
undertaken by the service. “Za | 3
Thanks to the amazing support from our NCA colleagues, community, ——— 4
and corporate partners, we were able to deliver over 4,000 gifts across — “aan RR ie
our hospital and community services to patients within our care on ee Bz a Aa Any q ee Wo)
Christmas Day. Individuals and community groups took part in our new ae ce ih iiry we =}
virtual festive challenge, Northie’s Race to Christmas, raising over ‘ - ey a
£2,000; School choirs brightened up our hospitals with carols and songs ee ref a
to keep their spirits high; Over £4,400 was raised from our Winter Raffle = | , » "
and £7,300 generously donated by our corporate partners. = —saS .MA) | >| ie:
In May 2024 we hosted a corporate football tournament at Salford City
FC’s Peninsula Stadium, in partnership with Foundation92. The Foundation ¢
was founded by Manchester United’s iconic Class of 92, which includes aa a ™ a aM
football legends Ryan Giggs, Gary Neville, Nicky Butt, Paul Scholes and Phil i aeS aeRO 2 TT
Neville, and supports communities through sports and education. The ale.|
Williams,event involvedChief Executiveover 15 teamsas theincluding captain.ourThe very event own raisedNCA £8,700 team with withOwen each Bate[RRRRR STSelSee dVCpeeb iretenrie ipsa goo
charity receiving £4,350. beecouseacese 3 Seni aa aouiS|
Following Jason North’s amazing treatment and care at Salford Royal Ps
Hospital his employer, Pirtek, chose NorthCare Charity as their charity — a an
of the year. Jason and Pirtek wanted to give back to the Fibromuscular | * Sn ii on oe
theDysplasia service.(FMD)Pirtek raisedresearch anteam incredibleto raise amount funds and of £11,120, the awarenessa fantastic for peee“4 storeea ee ae— |
amount which we are so grateful for this. The photograph from Pirtek’s [| _ Paes i ae i aaa
annual conference features Jason and Diane North with Pirtek MD re pe 4
Adam Burrows. ok Bees 2 eet
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“We are absolutely thrilled and humbled by the money and awareness raised by the Pirtek Fundraiser towards Fibromuscular Dysplasia (FMD) research! This much appreciated donation will go towards supporting novel research with patient directed themes. Fibromuscular Dysplasia is significantly understudied in the UK and this will help us on our journey to continue to understand this rare disease.”

AA_______| NorthCare Charity Annual Report 2024/25 Page 9

We are incredibly grateful for the continued support of trusts, foundations, and grant-giving organisations whose generosity has enabled us to deliver new and innovative projects across the Northern Care Alliance this year. Their contributions have helped us enhance patient care, support staff wellbeing, and improve hospital environments for everyone.

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One standout example is the £40,000 grant we secured from the e. Meee SF i A,
Greater Manchester Environment Trust, which allowed us to eeee € & er Ape Oe
revitalise previously unused and neglected outdoor areas at Fairfield [esac & lip inert,
General Hospital. This transformation has created welcoming, oh Goan | a . 4 cae
accessible green spaces that now offer a peaceful environment for [iam Teas | Boy G 7
patients, visitors, and staff to enjoy — improving wellbeing and e8 aT fRPES > s)- ates
connection with nature at the heart ofthe hospital site. Fie a re \ we) eee
e were were also delighted to receive a grant from from Sport England’s NARITA aahee aaheeee ate RO
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e were were also delighted to receive a grant from from Sport England’s NARITA aahee aaheeee Movement for Good programme, which supported the Salford Diabetes Team to complete specialist EXTOD (Exercise for Type 1 Diabetes) training. This is a first for the region and means our team can now confidently support people with Type 1 diabetes to take part in physical activity safely— an important step in addressing health inequalities and empowering patients to live more active, healthy lives.

Thanks to funding from NHS Charities Together, we also continued our Complementary Therapy Programme, directly supporting the mental health and wellbeing of the Northern Care Alliance’s 22,000 colleagues. The programme aligns with NCA’s VISION 10 ambition of “Caring for and inspiring Our People” and has madea significant impact.

To date, the programme has delivered over 5,000 complementary therapy sessions to 2,500 staff— offering tailored, in-the-moment support to colleagues working across the Northern Care Alliance.

Feedback has been overwhelmingly positive:

e 94% of participants agreed or strongly agreed that the therapy improved their working lives.

e 96% felt the service showed the organisation is taking meaningful action to support staff wellbeing.

Colleagues regularly speak of feeling more relaxed, focused, and genuinely valued through their experience. Whether is a moment to pause between shifts or a way to reset after a difficult week, these therapies have become a vital wellbeing lifeline in an increasingly high-pressure environment.

“I’ve really enjoyed being able to access the therapies at work — it makes me feel valued as an employee. | feel much more able to transfer the calmness into other aspects of the day and week, which has a ripple effect on those | work with. I’ve started to look after myself more outside of work — started a yoga class and use the breathing techniques to help me sleep.”

These projects reflect our continued commitment to innovation, inclusivity, and staff and patient wellbeing — and they wouldn’t have been possible without the vital support of our funding partners.

| NorthCare Charity Annual Report 2024/25 Page 10

Celebrating Five Years of Impact (2020-2025)

As we reach the end of our 2020-2025 strategy, we are proud to reflect on what has been achieved with the support of our incredible donors, funders, and partners. Together, we have transformed patient care, supported staff wellbeing, and helped deliver lasting change across the Northern Care Alliance.

Surgical Innovation Saving Lives

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With support from our donors, NorthCare funded the £1.7 million Da Vinci 7 5 ss “a
Xi surgical robot — advanced surgical technology not covered by standard \ S ‘y =" ng i
NHS funding, now changing lives at Salford Royal. Since 2020, it has \ ents ® a ey) Ay’
enabled over 500 minimally invasive surgeries, significantly reducing M a = my =
recovery time, pain, and complications for patients with cancer and ae af .\N Dw hs
complex conditions. One patient, facing aggressive cancer, was able to j ‘“ ae a
return home just five days after major surgery — half the time typically " F SS / \ x ;
required. This innovation is now benefiting patients across Salford, Bolton, & fm oh
Wigan, Oldham, Rochdale, and Bury, while easing pressure on hospital ti . ta | » .
resources, A swig
Greener Spaces for Healing and Wellbeing yt
With support from NHS Charities Together, we revitalised outdoor spaces it K\
across all four hospital sites and community services. From the dementia- as Ne aor
friendly Oasis Garden at Rochdale to a sensory garden for neuro- =——— oj Pan (BG e \
rehabilitation at Salford Royal, these spaces are now places of calm, = S =n nt i; ‘ , -
recovery, and connection. Staff and patients use them daily, and local ig aa ria | ae
volunteers are helping them flourish long-term through partnerships like nn A i ae atte:
our work with the Royal Horticultural Society. (pay Ne have A .
Faster f Pa Sy tal WV j
A £2 millionEmergencydonation Care from fromthe theHELP SkyAppeal funded our new rooftop (=Ee\ \ iss in
helipad at Salford Royal — now directly connecting air ambulances to the ee te
Emergency Department in seconds. Previously, patients lost up to 20 Ag Shige” 2G
minutes being transferred by road. Now, over 360 landings a year will bring _
critically injured patients straight to trauma specialists, improving survival ee
rates across Greater Manchester. oe —
ee eer aoe
Thank you to everyone who has been a part of #TeamNorthCare this _ Se AS x
year. We’re so grateful for the time, dedication and support you give willingly. We can’t wait
to continue working together and look forward to the year ahead!
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NorthCare Charity Annual Report 2024/25

Page 11

Objectives and Strategy

The Charity’s main fund has NHS wide objectives as follows:

‘The Trustee shall hold the trust fund upon trust to apply the income, and at their discretion, so far as may be permissible, the capital, for any charitable purpose or purposes relating to the National Health Service’.

This is explained in more detail in the aims of the Charity approved by the Corporate Trustee which are:

To enhance the services provided by the Northern Care Alliance NHS Foundation Trust by:

Ensuring that:

The Trustee has due regard to the Charity Commission guidance on public benefit when reviewing and confirming these objectives.

Annual Review

During the year the funds continued to support a wide range of activities benefiting both patients and staff. In general, they are used to purchase goods and services that go beyond the scope of the NHS. For example, during the year, the charitable funds were used to purchase specialist equipment and to improve the patient experience. The Charity’s funds also help to advance education and training of staff by aiding for the costs of attendance at courses and conferences. The funds are also used to support medical research with an aim to promote health and improve treatment and care for patients.

NorthCare Charity Annual Report 2024/25

Page 12

Grants

Grants are normally made from the Charity’s unrestricted funds — these comprise of two elements:

Reserves Policy

The Charity maintains a policy which states that each fund should spend at least one third of its opening balances in the year unless there is an approved policy to hold balances for future use. The Corporate Trustee’s strategy is to credit investment income to restricted funds with the proportion relating to unrestricted funds being held in the Central team Holding Account. During the year there was investment income of £173k (2023/24: £223K). The charity saw £118k net gain (realised and unrealised) on investments (2023/24: £387k net gain).

The Trustee calculates the free reserves as that part of the Charity’s unrestricted income funds that is freely available after taking into account designated funds which have been earmarked for specific purposes. The reserves currently stand at a surplus of £1,032k and are calculated as follows:

£000s
Total unrestricted funds 4,871
Less designated funds (3,839)
Totalfreereserves 1,032

Designated funds are service specific and considered to be committed.

The Trustee intends that designated funds are spent within a reasonable period of receipt. The Trustee foresees a need to maintain reserves as follows:

NorthCare Charity Annual Report 2024/25

Page 13

£000s
Provision for 1-year normal fundraising expenditure 540
3 months management and administration costs 13
Totalreserverequirement 553

The Trustee continues to review the balances held in designated funds to determine whether these funds are likely to be committed in the near future and the extent to which there is a continuing need identified for any particular designated fund(s). In the event that the need identified for any designated funds no longer exists, those funds will be redirected to the general fund.

This policy is reviewed each year.

Future Plans

The main aim of the Charity is to help the Northern Care Alliance deliver outstanding care across Bury, Oldham, Rochdale and Salford by funding innovative equipment, education, research and wellbeing support. It aims to enhance the services and experience of patients and staff across the Northern Care Alliance, beyond the scope of the NHS.

NorthCare Charity has developed a strategy that covers the period 2025/26 to 2029/30 and combines a place-based approach and a focus on specialist services. The strategy sets out charitable income targets for the five-year period, the investment required to establish a dedicated fundraising function and how the strategy will be mobilised.

The Charity will continue to closely review the performance of its investments and the impact of the on-going war in Ukraine and other market pressures.

NorthCare Charity Annual Report 2024/25

Page 14

Financial Review

The annual accounts for the Charity for 2024/25 include comparator financial information for the previous financial year.

The net assets of the Charitable Funds as of 31 March 2025 were £5.5million (2023/24: £5.9million). The charity liquidated £500k of the investments to pay for expenditure incurred by the Trust on behalf of the Charity.

Income

The Charity continues to rely on donations and investment income for its main source of funding. Donations and legacies account for 85% of the Charity’s 2024/25 income with investment income making up 15%.

Overall income for the year decreased from £2,446k to £1,206k compared to 2023/24. Included in this figure the Charity received income of £639k from legacies in 2024/25 (2023/24: £687k).

The investment income earned during the year (£173k) was 22% lower than that received in the previous year 2023/24 (£223k). A key element of this decrease was due to interest received on cash at bank £21k, (2023/24: £67k) reflecting the decreases to the base rate.

Expenditure

The Charity’s total expenditure for 2024/25 was £894k, a decrease of £1,425k on the expenditure reported in the previous financial year (£2,319k). The main reason for the decrease in expenditure is a due to research grants for the Clinical Centre of Research and the Geoff Jefferson Brain Research Centre and NHSCT grants for Complimentary therapy and Volunteers being committed in 2023/24.

Medical Research

£22k was spent from the research funds during the year, a decrease from £857k in 2023/24. A large amount of the decrease is due to committed expenditure of £230k for Research Posts at the Clinical Centre of Research, £195k at the Geoffrey Jefferson Brain Research Centre and £11k to be spent on Research in Ears, Nose and Throat Dept.

Purchase of Equipment

Expenditure on equipment decreased to £56k in 2024/25, a decrease on the previous year (£333k).

NorthCare Charity Annual Report 2024/25

Page 15

Staff Education and Welfare

The Charity incurred expenditure of £50k on staff education and welfare in 2024/25, a decrease from 2023/24 where expenditure was £126k. Providing access to training and development for staff beyond mandatory requirements gives opportunities for staff to establish wider professional networks, to receive training and development from leading individuals working in their chosen specialty and promotes better, safer care for patients.

Patient education and welfare

The Charity incurred expenditure of £160k (2023/24 £476k) in enhancing the patient education and welfare.

Management Costs

The Charity has no directly employed staff and relies on the Trust to provide administrative and financial services for which it received a charge of £35k in the current financial year (2023/24 £35k). The service includes the day-to-day management of the funds and the preparation of all statutory reports and returns. All funds held for the purposes of research have been chargeda fair share of the management charge reflecting the resource required to administer these funds. These costs have been allocated to funds and are included in the above costs for equipment, research, staff and patient related funds.

In addition to this, costs of £540k (2023/24 £517k) have been incurred this financial year, these costs represent the salaries incurred by the fundraising team as well as costs incurred for marketing and fundraising event costs. Established fundraising staff costs are expected to be £540k in 2025/26.

Investments

The Charity’s investments are managed by the investment managers on a discretionary basis with an objective to provide a balance between capital growth and income whilst maintaining a medium level of risk. The Charitable Funds Committee receives regular updates from the investment advisers including formal quarterly reports and uses this information to review and confirm the policy on managing the portfolio.

The Corporate Trustee has adopted an ethical investment policy for the Charity as follows:

‘As the Trust is required, as part of the NHS, to promote health and to provide healthcare, there shall be no investment in companies or other organisations whose main or principal business is perceived as injurious to health or is life threatening. Included within this

NorthCare Charity Annual Report 2024/25

Page 16

broad criterion are firms involved in the manufacture of cigarettes, alcoholic beverages, armaments, explosives, or guns.’

The investments saw a decrease in unrealised gains due to increased market stability. The investment portfolio experienced an overall gain in value of £118k reflecting these market conditions (2023/24: £387k gain).

The investment managers were paid management fees totalling £29k during the year (2023/24: £33k).

In totality the final investment portfolio was £421k lower than at the end of 2023/24 The charity liquidated £500k of the investments to pay for expenditure incurred by the Trust on behalf of the Charity.

Cash Held on Deposit at 31 March

2025 2024
£000s £000s
At the Government Banking Service 595 1,184
Sub-Total 595 1,184
As part of investment portfolio 99 109
Total 694 1,293

Cash held as part of the investment portfolio is held in nominee accounts with Investec Wealth and Investment Limited (£4k) and RBC Brewin Dolphin (£56k).

As always

The Corporate Trustee would like to thank all patients, relatives, members of the public and other supporters who have made charitable donations during the year.

Approved on behalf of the Corporate Trustee

Signed

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ce Fiee
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Mr Geoff Little
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Date: 27.01.2026
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Chair of the Charitable Funds Committee

nnnEEE ___eeeé__e_t} NorthCare Charity Annual Report 2024/25 Page 17

NorthCare Charity Accounts 2024/25

Statement of Trustee's Responsibilities

The Charities Act 2011 requires trustees to prepare financial statements for each financial year. The Trustee has to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland.

The Trustee must not approve the financial statements unless it is satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period.

In preparing these financial statements, the Trustee is required to:

Select suitable accounting policies and then apply them consistently;

The Trustee is responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

By Order of the Trustee

Mr Geoff Little

ce. Pi eeu

Chair of the Charitable Funds Committee

Ms Suzanne Robinson Robun= WSO Chief Financial Officer Date: 28.01.26

NorthCare Charity Annual Report 2024/25

Page 18

Independent auditor’s report to the members of the NorthCare Charity

Opinion

We have audited the financial statements of NorthCare Charity (the ‘charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, Statement of Financial Position, the statement of Cashflows, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern.

In auditing the financial statements, we have concluded that the trustee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustee with respect to going concern are described in the relevant sections of this report.

NorthCare Charity Annual Report 2024/25

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Other information

The other information comprises the information included in the Trustee’s report, other than the financial statements and our auditor’s report thereon. The trustee is responsible for the other information. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception.

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustee’s Report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of the Trustee

As explained more fully in the trustee’s responsibilities statement set out on page 5-6, the trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustee determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustee is responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustee either intends to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

nn_______| NorthCare Charity Annual Report 2024/25 Page 20

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material 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 users taken on the basis of the financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Based on our understanding of the charity and its activities, we identified that the principal risks of non-compliance with laws and regulations related to related to the Charities Act 2011, the Charities Statement of Recommended Practice, UK tax legislation, health and safety regulation, anti-bribery, corruption and fraud, money laundering, and we considered the extent to which noncompliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, such as the Charities Act 2011.

We evaluated the trustee’s and management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, in particular in relation to use of restricted funds, and significant one-off or unusual transactions.

Our audit procedures were designed to respond to those identified risks, including noncompliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:

NorthCare Charity Annual Report 2024/25

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Forvis Mazars LLP

Forvis Mazars LLP (Jan 30, 2026 10:52:51 GMT)

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30/01/2026
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NorthCare Charity Statement of Financial Activities for the year ended 31 March 2025

2024/25 2024/25 2023/24 2023/24
Unrestricted Restricted Endowment ‘Total Unrestricted Restricted Endowment Total
Funds Funds Funds Funds Funds Funds Funds Funds
Note £000 £000 £000 £000 £000 £000 £000 £000
Income and endowments from:
Donations, Legacies and Gift in Kind 3 1,033 0 0 1,033 2,223 0 0 2,223
Income from investments 4 173 0 0 173 178 45 1 223
Total income and endowments 1,206 0 0 1,206 2,401 45 1 2,446
Expenditure on:
Raising funds 5 (526) (14) 0 (540) (411) (104) (1) (517)
Charitable activities 6 (343) (11) 0 (354) (1,725) (77) 0 (1,802)
Total Expenditure (869) (25) 0 (894) (2,136) (181) (1) (2,319)
Operational surplus/(deficit) 337 (25) 0 312 264 (136) (1) 127
Net gains/ (losses) on investments 7 104 14 0 118 329 59 0 388
Net income/ (expenditure) 441 (11) 0 430 §93 (78) (0) §15
Movements between funds
Netmovement infunds		 5
446		 (5)
(16)		 0
{!)		 0
430		 119
712		 (119)
(197)		 0
(0)		 0
515
Reconciliation offunds
Funds brought forward 4,417 743 411 5,170 3,705 940 11 4,655
Totalfundscarriedforward 4,863 727 11 5,600 4,417 743 1 5,170

All operations are continuing.

The accompanying notes form part of these financial statements.

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NorthCare Charity

Statement of Financial Position as at 31 March 2025

Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
2024/25 2023/24
Note £000 £000 £000 £000 £000
Fixed Assets
investments 4,799 727 11 §,537 5,958
Total Fixed Assets 7 4,799 727 11 5,537 5,958
Current Assets
Debtors 8 444 0 0 444 412
Cash at bank and in hand 8 595 0 0 595 1,184
Total Current Assets 10 1,039 0 0 1,039 1,596
Current Liabilities
Creditors: Amounts falling due within one 9 (975) 0 0 (975) (2,384)
year
Net CurrentAssets 64 0 0 64 (788)
Total Assets less Current Liabilities 4,863 727 11 5,601 5,170
Net current assets/(liabilities) 4,863 727 11 5,600 5,170
The funds ofthe Charity
Endowment Funds 10 0 0 11 11 11
Restricted 10 0 727 0 727 743
Unrestricted 10 4,863 0 0 4,863 4,416
TotalFunds 4,863 727 1 5,600 5,170

These financial statements and accompanying notes were approved by the Trustee and signed on its behalf by:

Signed er ~ ZAvobu Ser,

Suzanne Robinson, Chief Financial Officer Date: 28th January 2026

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NorthCare Charity Statement of Cash Flows for the year ended 31 March 2025

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2024/25|2023/24| |£000|£000| |Operational|surplus/|deficit|312|127| |Dividends,|interest and|rents|from|investments|(173)|(223)| |(Increase)/Decrease|in|debtors|(32)|(391)| |Increase|/|(decrease)|in|creditors|(1,409)|(907)| |Net|Cash|used|by Activities|(1,302)|(1,394)| |Dividends,|interest|and|rents|from|investments|173|223| |Proceeds|from|sale|of|investments|824|902| |(Increase)/Decrease|in|stockbroker account|(48)|(9)| |Purchase|of investments|(355)|(995)| |(Gain)|/|Loss|on|the|sale|of|investments|118|125| |Net|Cash|provided|by|Investing|Activities|712|246| |Change|in|cash|equivalents|during|the|reporting|period|(590)|(1,148)| |Cash|and|cash|equivalents|at the|start|of the|period|1,184|2,332| |Cash|and|cash|equivalents|at|the|end|of the|period|595|1,184|

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NorthCare Charity Accounts 2024/25

Notes to the accounts

1. Accounting Policies

(a) Basis of preparation

The financial statements have been prepared under the historic cost basis of accounting, with the exception of investments which are included at market value.

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts are prepared on a going concern basis. The Trustee considers that there are no material uncertainties about the Charity's ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

In future years, the key risks to the Charity are a fall in income from donations or investment income but the Trustee has arrangements in place to mitigate those risks.

(b) Funds structure

Restricted funds are those which are to be used in accordance with specific restrictions imposed by the donor. Where the restriction requires the gift to be invested to produce income but the Trustee has the power to spend the capital, it is classed as expendable endowment. Where the Trustee must permanently maintain the whole fund, it is known as a permanent endowment. The financial statements combine expendable and permanent endowment funds for the purposes of financial reporting.

Unrestricted income tunds comprise those Ttunds which the Irustee is tree to use tor any purpose in furtherance of the Charity's objects. Unrestricted funds include designated funds, where the donor has made known their non-binding wishes or where the Trustee, at its discretion, has created a fund for a particular activity (or activities) in the future.

The major funds held in each of these categories are disclosed at Notes 10.

(c) Incoming resources

All incoming resources are recognised once the Charity has entitlement to the resources, it is probable that the resource will be received and the monetary value can be measured with sufficient reliability.

(d) Incoming resources from legacies

Where a payment has been received or notified as receivable (by the personal representatives) after the accounting year end, but it is clear that it had been agreed by the personal representatives prior to the year end (hence providing evidence of a condition that existed at the balance sheet date), then it has been accrued in the Statement of Financial Activities and the Statement of Financial Position.

Grants payable are payments made to third parties (including NHS bodies) in the furtherance of the Charity's objectives. They are accounted for on an accruals basis where the conditions for their payment have been met or where a third party has a reasonable expectation that they will receive the grant. This includes granis paid to NHS bodies.

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NorthCare Charity Accounts 2024/25

Notes to the accounts

(g) Allocation of overheads and support costs

(h) Costs of generating funds

The costs of generating funds are the costs of the Common Investment Fund management fees and the Charity Fundraising team.

(J) Governance costs

Governance Costs comprise all costs incurred in the strategic management of the Charity and ensuring compliance with statutory requirements. These costs include costs related to statutory audit and those overhead and support costs not apportioned to charitable activity.

Research costs comprise of grants made for the purpose of non-commercial research carried

(|) Fixed asset investments

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 sales proceeds and original book cost. Unrealised gains and losses are calculated as the difference between the market value at the Statement of Financial Position date and the opening market value (purchase date if later).

(o) Debtors

Creditors are amounts owed by the Charity.

The measurement bases and accounting policies in relation to basic financial instruments are disclosed in the accounting policies for investments, debtors and creditors.

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NorthCare Charity Accounts 2024/25

,

Notes to the accounts

(r) Critical accounting judgements and key sources of estimation uncertainty

Key sources of estimation and uncertainty

Valuation of fixed asset investments

As at 31 March 2025 Investec Wealth Management and Rathbone (RBD) provided a valuation of the Charity's investment portfolio that has been reported in these accounts. This valuation is based on the latest mid closing price quoted on the stock market or by the fund manager.

Accruals for expenditure not invoiced at the reporting date

At the end of the financial year, the Charity may have received goods and services which have not been invoiced at the reporting date. In these circumstances, an estimated value of the cost is included in the Charity's reported financial results. In some cases the estimated value is based on the quoted value provided by the supplier when the goods were ordered; in other cases, the charge may be estimated based on methods such as the number of hours of services provided or the last price paid for the same goods or service.

Apportionment of income and costs of generating funds across charitable activities

The net income earned by and costs of generating charitable funds including Trusteeship, financial services and research administration are apportioned across the charitable activities based on the average value of each fund during the year.

(s) Gifts in kind

The amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the funds or the amount actually realised. Where applicable the basis of valuation would be disclosed in the notes to the finanacial statements.

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NorthCare Charity Accounts 2024/25

Notes to the accounts

2. Related Party Transactions

The Northern Care Alliance NHS Foundation Trust is the Corporate Trustee of the Charity. During the year none of the Trust's Directors, Governors or Senior Trust staff or parties related to them were beneficiaries of the Charity or received honoraria, emoluments or expenses in the year.

The representatives of the Corporate Trustee (Board members) are remunerated by Northern Care Alliance NHS Foundation Trust for which a recharge is made to the Charity based on time spent on charitable funds matters which is disclosed as part of the costs of the Charity in Note 5.0

The Charity makes use of the Northern Care Alliance NHS Foundation Trust finance and procurement systems. The Trust processes payments for invoices through its bank as part of the procurement system.()

The total amount owed by the Charity to the Trust for invoices and recharged staff is given in note 8 with the balance settled between the organisations on a regular basis.

The Charity has not purchased trustee indemnity insurance.

3. Voluntary Income

Unrestricted Restricted Total Total
Funds Funds 2024/25 2023/24
£000 £000 £000 £000
Donations from individuals 243 - 243 764
Corporate donations 101 - 101 772
Legacies 639 - 639 687
Gift In Kind 50 50 -
1,033 - 1,033 2,223

4. Analysis of income Investments

Total Total
2024/25 2024/25
£000 £000
Income received from quoted investments 152 156
Interest on cash held on deposit and at bank 21 67
Total 173 223

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NorthCare Charity Accounts 2024/25

Notes to the accounts

5, Expenditure on raising funds

5, Expenditure on raising funds
31 March 2025 31 March 2024
Direct Share of Total Total
resources administration resources resources
expended costs expended expended
£000s £000s £000s £000s
Expenditure on raising funds
Investment Management Costs 29 0 29 33
Fund Raising Salaries 510 0 510 463
Fund Raising Non Pay Costs 0 0 0 21
Total Expenditure on raising funds 540 0 540 517
Totalresourcesexpended 861 33 893 2,319

6. Analysis of Charitable Expenditure

The Charity undertook direct charitable activities, mainly education and training and made available grant support to the Trust in support of a range of charitable activities including research.

The administration costs shown in Note 5 are administration costs that have been apportioned across the charitable activities. The following table provides a breakdown of how the administration costs have been apportioned across the charitable activity types.

31 March 2025 31 March 2024
Direct Share of Total Total
resources administration resources resources
expended costs expended expended
£000s £000s £000s £000s
Charitable activities;
Research 20 3 22 857
Purchase ofequipment 49 7 56 333
Staff education and welfare 44 6 50 126
Patient education and welfare 142 19 160 476
Governance costs 17 17 9
Gift In Kind 50 50
Expenditureoncharitableactivities 321 33 354 1,802

The Governance Costs (auditor's remuneration) of £16k (2023/24 - £9k) related solely to the audit of the accounts with no additional work undertaken.

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NorthCare Charity Accounts 2024/25

Notes to the accounts

7. Analysis of Fixed Asset Investments

7. Analysis of Fixed Asset Investments
Total Total
2024/25 2023/24
Movement in fixed asset investments £000 £000
Market value brought forward 5,958 §,593
Additions at cost 355 997
Disposals at book cost (824) (902)
Net gain/(loss) on revaluation 102 263
Increase/(Reduction) in cash held at Investec and Brewin (54) 6
Market value at 31st March 5,537 5,958
Historic cost at 31st March 4,569 5,569
Total Total
2024/25 2023/24
Fixed asset investments £000 £000
UK Listed Investments (Including Fixed Interest& Property) 1,844 3,034
Outside ofUK investments listed on the stock exchange 3,594 2,815
Fixed asset investments - subtotal 5,438 5,849
Cash held as part of investment portfolio 99 109
Total at 31 March 5,537 5,958
Total Total
2024/25 2023/24
Net gains and losses on investment assets £000 £000
Unrealised gain/(loss) on revaluation 107 389
Realised gain/(loss) on sale of investments 11 0
Total 118 389
8. Analysis of Current Assets
Total Total
2024/25 2023/24
Debtors under 1 year £000 £000
Other debtors 444 412
Total 444 412
Total Total
2024/25 2023/24
Cash at bank and in hand £000 £000
Government Banking Service 595 1,184
Total 595 1,184
9. Analysis ofCurrent Liabilities
Total Total
2024/25 2023/24
Creditors under1 year £000 £000
Northern Care Alliance Foundation Trust 570 1312
Accruals 25 129
Other creditors - Provisions for Commitments 380 944
Total 975 2,383

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Notes to the accounts

NorthCare Charity Accounts 2024/25

10. Analysis of Funds

The Charity has 225 unrestricted funds. Individual funds with material balances (greater than £30K) are listed below.

Transfers
Revised between Closing
Opening Income Exp funds Gain Balance
£000 £000 £000 £000 £000 £000
Unrestricted Funds
Hope General 710 267 (18) (65) 50 945
Renal Services Fund 253 13 (17) 0 14 263
Heart Care 157 64 (36) 0 10 195
Stroke Unit Fund 49 192 (39) (19) 10 194
Haematology Research Fund 109 0 (6) 0 6 109
Neuro Theatre 106 0 (6) 0 6 106
Haematology Department 97 7 (6) 1 6 105
Intestinal Failure Department 96 17 (17) 0 5 101
Neurology 90 5 (5) 0 5 96
Haematology Unit (Ward F11) 83 8 (5) 0 5 91
Roh General Fund 39 0 (7) 51 5 88
Breast Fund 80 0 (4) 0 4 80
Icu Patients 67 3 (4) 0 4 70
Reache North West 66 5 (6) 0 4 69
Urology Training & Equip 65 0 (3) 0 3 65
Leukaemia Fund 64 0 (3) 0 3 64
NCA Covid Donations 60 13 (0) (16) 3 60
Anaesthetics Department Fund 59 0 (3) 0 3 59
Movement Disorder Fund 59 0 (8) 0 3 54
Diabetics Dept Nurses 54 0 (3) 0 3 54
Emergency Medicine Fund 44 5 (3) 0 3 49
Dermatology Department 48 0 (3) 0 2 47
Rochdale Education Centre 45 0 (2) 0 2 45
Acute Stroke Unit 33 7 (21) 23 . 2 45
Irritable Bowel & Diverticulos 41 0 (2) 0 2 4
Gastro Research Fund Endo 40 0 (2) 0 2 40
Intensive Care Unit Fund 34 1 (14) 16 2 39
Oldham CommunityAdults 38 0 (3) 0 2 37
Oldham Community Children 32 0 (2) 0 2 32
Neuro Enterology 31 0 (3) 0 2 30
Neuro Research Fund 28 5 (22) 0 4 1
Neurosurgery 26 21 (66) 4 23 8
Total otherfunds 1,613 573 (531) 9 (92) 1,571
4,417 1,206 (869) 5 104 4,863

In line with the Charity's Reserve Policy set out in the Annual Report and Note 1 of the Annual Accounts, Unrealised Gains and losses have not been allocated to specific funds and are retained within the Donations General funds.

There are 25 charities within the umbrella charity as set out in Note 15. The 225 funds above are contained within these charities and are un-restricted funds.

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NorthCare Charity Accounts 2024/25

Notes to the accounts

10. Analysis of Funds (Continued)

Transfers
between Closing
Opening Income Exp funds Gain Balance
Restricted funds £000 £000 £000 £000 £000 £000
Neurosurgery 441 0 0 0 0 441
Restricted Legacies Endow 167 0 (9) 0 9 167
Mayo Legacy (Restricted) 71 0 (14) 0 3 59
Prostate Scanner Appeal E 33 0 (2) 0 2 33
Henry Richardson 22 0 (1) 0 1 22
Crit Care (Chadwick Rest'D) 4 0 (0) 0 0 4
Holding account- restricted 0 0 0 0 (0) 0
Endowed Funds Accumulated 5 0 0 (5) 0 0
743 0 (26) (5) 14 727

Endowed funds

The Charity has six small endowment funds all of which were given by an anonymous donor. The purposes of these funds are to provide a prize, from the interest earned, in recognition of the achievement of[junior][members][of][staff.]

Capital Capital
Endowe Endow
d ed
2024/25 2023/24
Endowed funds £000 £000
Post Grad Centre 1.5 1.5
Cardio Respiratiry 2.0 2.0
Elderly Care 2.0 2.0
Immunology 1.5 1.5
Haematology 1.5 1.5
John Harvey Green Fund 2.5 2.5
11 11

All of the above funds are expendable endowments.

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