2025-03-31-accounts

Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity

Trustees' Report & Unaudited Annual Accounts

2024/25

Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Finance Department - Suite 18 Gate 3 Castle Hill Hospital Castle Road Cottingham HU16 5JQ

Charity Registration Number: 1052035

Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Contents

Foreword to the Annual Report & Accounts	1
Trustees' Report	2 to 7
Statement of Trustee's Responsibilities	8
Independent Examiner's Report	9
Statement of Financial Activities	10
Balance Sheet	11
Cash Flow Statement	12
Notes to the Cash Flow Statement	13
Notes to the Financial Statements	14 to 24

Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Foreword

The Trustees present the Annual Report together with the Financial Statements for the year ended 31 March 2025 for the Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity.

The financial statements have been prepared under the historic cost convention, as modified for the revaluation of certain investments and in accordance with applicable accounting standards. The accounts have been prepared in accordance with the Charities SORP Financial Reporting Standard 102 (FRS 102) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1st January 2019.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Trustees' Report

Reference and Administration

Registered Charity Name

Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity.

Registered Charity Number

1052035

Trustees

The Trustee of the Charity is Hull University Teaching Hospitals NHS Trust. The responsibility for carrying out the duties of the Trustee is delegated by the Trust's Board to a Committee which for the year 2024/25 included:

T Curry Non-Executive Director - Chair J Hawkard Non-Executive Director M Robson Non-Executive Director (left 31.5.2024) L Bond Group Chief Financial Officer (left 8.9.2024) M Brearley Interim Group Chief Financial Officer (started 9.9.2024, left 30.11.2024) E Sayner Group Chief Financial Officer (started 2.12.2024) D Sharif Non-Executive Director (started 1.6.2024)

Day to Day Management

The operational management of the Charity is undertaken by the Fundraising and Finance department of Hull University Teaching Hospitals NHS Trust with transactional support from East Lancashire Financial Services (ELFS).

Principal Office

The principal office of the Charity is:

Finance Department - Suite 18 Gate 3 Castle Hill Hospital Castle Road Cottingham HU16 5JQ

Investment Managers CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET

Independent examiner Legal Advisor Banker David Hoose Capsticks Solicitors LLP National Westminster Bank PLC Forvis Mazars Toronto Square 34 King Edward Street 5th Floor Toronto Street Hull 3 Wellington Place Leeds HU1 3YN Leeds LS1 2HJ LS1 4AP

The Charity is registered with and regulated by the Charity Commission and has the Charity Registration Number: 1052035

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Trustees' Report

Structure, Governance and Management

The Trust registered its umbrella charity on the 6th December 2000. These accounts have been prepared in accordance with the Charity's governing document and the Statement of Recommended Practice - Charities SORP (FRS102) effective 1st January 2019.

Trustee Appointments

Hull University Teaching Hospitals NHS Trust is the Charity’s Corporate Trustee. The Board of Hull University Teaching Hospitals NHS Trust appoints its directors, some of whom are selected to be members of the Charitable Funds Committee, through which the duties of the Corporate Trustee role are discharged.

The Board is appointed as follows:

• The Chairman and Non Executive Directors are appointed by the NHSE.

• The Chief Executive is appointed by the Chairman and the Non Executive Directors.

• The Executive Directors are appointed by the Chairman, the Non Executive Directors and the Chief Executive

Induction and Training of Trustees

The Committee has adopted an induction policy for newly appointed Trustees.

Management

Acting for the Corporate Trustee, the Charitable Funds Committee, is responsible for the overall management of the Charitable Fund. The Committee is required to control, manage and monitor the use of the Charity's resources and monitor the receipt of income. The Committee ensures 'best practice' is followed in the conduct of all its affairs, paying particular regard to the Charity Commission’s guidance on public benefit and fulfilling all of its legal responsibilities.

Fundraising

The Charitable Funds Committee has in place a fund raising policy, although as reported in its Annual Report 20192020, primary responsibility for fundraising has passed to the Hull and East Yorkshire Hospitals Health Charity (WISHH Charity).

When undertaken, specific fundraising is carried out according to the legal requirements and best practice guidance set out in the Charities Act, the Institute of Fundraising’s 'Fundraising Code of Practice' and other regulatory guidance. The Charity has strict internal guidelines over the use of donor information and contact details and takes seriously its responsibilities to vulnerable people and other members of the public. No fundraising was carried out by commercial or professional fundraisers during 2024/25 and no complaints relating to fundraising were received in 2024/25 (2023/24: Nil).

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Trustees' Report

Risk Management

The Charitable Funds Committee meet at least four times a year to review the Charity's financial position and other business relating to the Charity. One of the purposes of these meetings is to identify and manage any risks to which the Charity may become exposed. They are also an integral part of the risk management process, together with the investment policy and various other policies and procedures which are in place. Regular reports are provided to the Committee enabling review of the overall performance and investment objectives. The Committee is satisfied that it is fulfilling its obligations in respect of managing the Charity's risk.

Related Parties

The Charity is a registered charity established by the Hull University Teaching Hospitals NHS Trust. The purpose of the Charity is to utilise its income to benefit activities carried out by the NHS, in particular those of the Hull University Teaching Hospitals NHS Trust, to which it had an outstanding creditor of £33k (23/24:£23k) at 31st March 2025. Hull University Teaching Hospitals NHS Trust has two nominated Trustee positions on the Hull and East Yorkshire Hospitals Health Charity (charity no. 1162414 - otherwise known as WISHH), one of whom is a Trustee of the General Purposes Charity. WISHH is an independent charity established in 2015 with objectives that benefit Hull University Teaching Hospitals NHS Trust. At 31 March 2025 the Charity owed WISHH £61k (23/24:£184k).

Objectives and activities

The Charity's Governing Document states that the Corporate Trustee shall hold the Fund upon trust, to apply the income at their discretion and so far as may be permissible, the capital, for any charitable purpose or purposes, relating to the National Health Services and in particular, wholly or mainly in connection with the work of the hospitals under the control of the Hull University Teaching Hospitals NHS Trust.

To meet this objective the Charity actively encourages appropriate spending of charitable funds. At each meeting, the Charitable Funds Committee reviews a list of fund balances and movements and initiates action relating to slow moving funds, as appropriate.

The Charity derives its income from donations by the public, other charities, legacies and from fundraising by HUTH staff and the general public.

Grant making Policies

The Trustee has adopted a grant making policy which states that all grants are made in accordance with the Trust's Standing Orders, Standing Financial Instructions and the Charity's expenditure guidelines. Expenditure from designated funds up to £10,000 is authorised by the Fund holder and expenditure in excess of £10,000 must also be authorised by two members of the Charitable Funds Committee. Bids for general funds are presented to the Trustee meetings and are approved subject to there being sufficient funds and the Trustee considering the bid to be a suitable use of Charitable Funds. Periodically, the Committee receive for review a report detailing all expenditure over £100. All grants paid to the Hull University Teaching Hospitals NHS Trust are used to enhance staff and patient care. The Charity pays a fee for its admin services but does not ordinarily incur any costs relating to fundraising or generating donations.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Trustees' Report

During the year, the Charity continued to support a range of charitable, health related activities which primarily benefited patients and staff by enhancing the provision made by the NHS.

In summary, the range of items funded can be categorised into the following areas:

• Funds applied to the provision and equipping of the Allam Digestive Centre.

• Provision of a range of medical equipment items for existing facilities and also in support of new clinical developments.

• Provision of other items of furniture and furnishings to improve the quality of care for patients e.g. specialist wheelchairs e.g. Trollies and wheelchairs

• Support for specific research projects in both Clinical Haematology and Pancreatic Cancer.

• Support for various conference and training activities e.g. "Lost for Words" - Bereavement Event.

• Provision of various items of computer hardware.

• Provision of a range of personal items for individual patients to facilitate and support successful discharges.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Trustees' Report

Financial Review

Financial position

The key financial indicators are as follows:

• Total income received, including investment income, amounted to £79k (23/24:£91k).

• We spent £2,409k on supporting Hull hospitals, their patients and staff (23/24 £307k), £2.3m of which contributed towards capital developments.

• As part of the Charity's conversion to independent status, instructions to liquidate investments (long and short term) were issued late January 2025. As a consequence, the Charity had no investments at 31.3.2025.

• Our funds are worth £1,849k (23/24: £5,436k).

Income

Donations, legacies and other income totalled £60k (23/24: £86k) for the year and comprises bank interest earned.

Since October 2018, most donations have been channelled through The Hull and East Yorkshire Hospitals Health Charity - 'WISHH', which has established itself as the main hospital charity, taking a more prominent and proactive fundraising role in the intervening period.

Expenditure

Total resources expended amounted to £3,792k (23/24: £355k). While this includes general management and administration costs and costs associated with managing the Charity's investment portfolio, the bulk of this figure comprises grants made of £3,756k (23/24 £307k) . The grants covered a range of charitable, health related activities which benefited patients and staff, examples of which are provided on the previous page.

Investments Policy

The objectives of the Investment Policy are that funds held on Trust are to be managed in a way that provides a balanced return of income and capital growth and that funds are to be managed to a medium level of risk.

Our Ethical Investment Policy is integral to the Trust's Investment Policy and reflects the fact that the Trustee does not wish to invest in companies connected with the tobacco industry or arms trade.

Market performance during 2024/25 has been favourable, resulting in the Charity's investment portfolio making a market gain of £126k up to the point of the portfolio's disposal over the period January / February 2025.

The Charity's bank balance which opened at £3,526k and closed at £1,759k, earned interest of £60k during 2024/25.

All funds were held in the CCLA Ethical Charities Investment Fund (COIF) or in cash.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Trustees' Report

Plans for future periods

The Charitable Funds Committee has completed its conversion and transfer arrangements related to the General Purposes Charity during 2024/2025 and as a consequence will look to cease to operate, resulting in the WISHH Charity being the Trust's recognised primary independent charity raising and managing charitable funds for the two Hull Hospitals, Hull Royal Infirmary and Castle Hill Hospital. As a consequence of completing this conversion process, the Charity will issue a final set of Accounts in 2025/26, following fulfilment of all outstanding obligations.

Public Benefit

By awarding grants, the Charitable Funds Committee is aware of its responsibilities under charity law in ensuring the maintenance of public benefit in all aspects of its work. Funding patient and staff welfare, improvements and amenities is, by definition, meeting public benefit. The Charitable Funds Committee confirms that it has regard to the Charity Commission’s general guidance on public benefit when reviewing the Charity’s purpose and goals in their plans for future activities.

Fund Balances

The Charitable Funds Committee actively encourages funds to be spent. At 31st March 2025 there were 2 individual funds with respective balances ranging from £149k to £1.7m (31 March 2024: 29 funds, <£1 - £4m).

Individual funds have a Fund Manager with responsibility for monitoring and control. In addition, the Charitable Funds Committee keep the balance of individual funds under review and from time to time will seek information from fund holders on their spending intentions. Every attempt is made to ensure funds are not overspent and only realised gains and losses are taken into account when calculating the amount each fund has available to spend.

Reserves

Our Charity does not have a formal reserves policy, it has no staff or regular financial commitments, it simply receives and spends donations and legacies.

With the establishment of the WISHH Charity as the primary fundraising vehicle going forward, which has been supported by the Trust and Charitable Funds Committee, it is likely that the level of the Charity’s reserves will continue to reduce. The WISHH Charity is expected to significantly increase fundraising and charitable giving as it takes a proactive approach to fundraising and becomes more established.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Trustee Responsibilities Statement

The Trustee is responsible for preparing the Trustee Annual Report and the financial statements in accordance with applicable law and regulations.

The Charities Act 2011 requires the Trustee to prepare financial statements for each financial year. The Trustee have 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 they are 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.

• observe the methods and principles in the charities SORP (FRS 102).

• make judgements and accounting estimates that are reasonable and prudent.

• state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustee are 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.

The Trustee confirms that the responsibilities set out above have been met and that the requirements for preparing the accounts have been complied with. The financial statements set out on pages 10 to 24 attached have been compiled from and are in accordance with the financial records maintained by the Trustee.

By Order of the Trustee

Signed:

----- Start of picture text -----
Tony Curry
----- End of picture text -----

Chairman: ……………………………………….. Name: ……………………………………………... Tony Curry (Jan 14, 2026 09:10:07 GMT) Date: 14/01/2026 Jane Hawkard Trustee: …………………………………………. Name: ……………………………………………... Jane Hawkard (Jan 16, 2026 10:16:16 GMT)

Date: 16/01/2026

Page 8

Independent Examiner’s Report to the Trustees of Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity

I report on the financial statements of Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity for the year ended 31 March 2025, which are set out on pages 10 to 24.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

• examine the financial statements under section 145 of the 2011 Act;

• follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act; and

• state whether particular matters have come to my attention.

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:

• accounting records were not kept in respect of Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity in accordance with section 130 of the 2011 Act; or

• the financial statements do not accord with those records; or

• the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

In my opinion, attention should be drawn to the fact that the financial statements have not been prepared on a going concern basis as the Trustees intend to wind up the Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity within 12 months of the year end. Other than this matter, I have no concerns and have come across no other matters in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

David Hoose (Jan 16, 2026 10:48:45 GMT)

David Hoose Forvis Mazars LLP 5th Floor 3 Wellington Place Leeds LS1 4AP

Page 9

Date: 16/01/2026

Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Statement of Financial Activities for the year ended 31st March 2025

Notes Incoming resources Income from: Donations Legacies Gifts In Kind Investment income 8.3 Other incoming resources 2 Total income: Expenditure on: Costs of generating funds Investment management costs 4 Charitable activities Grant making 3.1 Governance costs Management and administration 4 Total expenditure: 5 Net gain / (losses) on investments Net income / (expenditure) 6 Fund balances brought forward at 1 April 2024 Fund balances carried forward at 31 March 2025	Unrestricted Funds £000 0 0 0 19 60 79 10 1,440 26 1,476 126 (1,271) 1,420 149	Restricted Funds £000 0 0 0 0 0 0 0 2,316 0 2,316 0 (2,316) 4,016 1,700	2024/25 Total Funds £000 0 0 0 19 60 79 10 3,756 26 3,792 126 (3,587) 5,436 1,849	2023/24 Total Funds £000 0 0 0 5 86
				91
				11 307 37
				355
				239
				(25)
				5,461
				5,436

Charity Registration Number :- 1052035

The notes form part of these financial statements

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Balance Sheet as at 31st March 2025

Notes Fixed Assets Investments 8.1, 8.2 Total Fixed Assets Current Assets Debtors 9 Short term investments and deposits 8.1, 8.2 Cash at bank and in hand Total Current Assets Creditors: Amounts falling due 10 within one year Net Current Assets/(Liabilities) Total Assets less Current Liabilities Total Net Assets Funds of the Charity Restricted income funds 12.2, 12.3 Unrestricted income funds Total Charity Funds (Pre Commitments)	Unrestricted Funds £000 0 0 189 0 55 244 (95)	Restricted Funds £000 0 0 0 0 1,704 1,704 (4)	Total at 31 March 2025 £000 0 0 189 0 1,759 1,948 (99) 1,849 1,849 1,849 1,700 149 1,849	Total at 31 March 2024 £000 1,965
				1,965
				32 389 3,279
				3,700
				(229)
	149	1,700		3,471
	149 149 0 149 149	1,700 1,700 1,700 0 1,700
				5,437
				5,437
				4,016 1,420
				5,436

Charity Registration Number:- 1052035

The financial statements were approved and authorised by the board of Trustees on 14/01/2026

Signed:

Trustee: ………………………………………………………. Tony Curry (Jan 14, 2026 09:10:07 GMT) Name: ………… Tony Curry

Date: 14/01/2026

The notes form part of these financial statements

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Cash Flow Statement as at 31 March 2025

Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities 1 Cash flows from investing activities Dividends and interest received from investments Proceeds from sale of investments Purchase of investments Increase/(decrease) in short term investment portfolio deposit Net cash provided by investing activities 2 2 2 Cash and cash equivalents at the end of the reporting period Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period	Year ended 31 March 2025 £000 (4,069) (4,069) 79 2470 0 (389) 2,160 (1,909) 3,668 1,759	Year ended 31 March 2024 £000 (417)
		(417)
		59 0 0 65
		124
		(293)
		3961
		3,668

The notes form part of these financial statements

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Cash Flow Statement as at 31 March 2025

1. Reconciliation of net income to net cash flow from operating activities

Adjustments for: Depreciation charges (Gains) on investments Investment management costs Dividends and interest from investments Increase in debtors Decrease in creditors Net cash provided by operating activities Net income for the reporting period (as per the Statement of Financial Activities)	Year ended 31 March 2025 £000 (3,587) 0 (126) 10 (79) (157) (130) (4,069)	Year ended 31 March 2024 £000 (25) 0 (239) 11 (59) (23) (82)
		(417)

2. Analysis of cash and cash equivalents

Year ended 31 March 2024 £000 Net cash Cash at bank and in hand 3,279 Short term investment portfolio deposit 389 Total cash and cash equivalents 3,668	Cash Flow £000 (1,520) (389) (1,909)	Year ended 31 March 2025 £000 1,759 -
		1,759

The notes form part of these financial statements

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements

1. Accounting Policies

1.1 Accounting Convention

The financial statements have been prepared under the historic cost convention, as modified for the revaluation of certain investments and in accordance with applicable accounting standards. The accounts have been prepared in accordance with the Charities SORP Financial Reporting Standard 102 (FRS 102) issued in October 2019, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1st January 2019.

1.2 Income

• a) All income is included in full in the Statement of Financial Activities as soon as the following three factors can be met:

• i) entitlement - arises when a particular resource is receivable or the charity's right becomes legally enforceable;

• ii) receipt - when it is probable that the incoming resource will be received;

• iii) measurement - when the monetary value of the incoming resources can be measured with sufficient reliability.

b) Gifts in kind

• i) Assets given for distribution by the funds are included in the Statement of Financial Activities only when distributed.

• ii) Assets given for use by the funds (e.g. property for its own occupation) are included in the Statement of Financial Activities as income when receivable.

• iii) Gifts made in kind but on trust for conversion into cash and subsequent application by the funds are included in the accounting period in which the gift is sold.

In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the funds or the amount actually realised.

c) Legacies

Legacies are recognised in the accounts when entitlement becomes probable and the following criteria is satisfied:-

• i) When income is probable - usually but not exclusively when probate has been granted.

• ii) When the Executors have satisfied themselves there are sufficient assets to pay the legacy.

iii) Any conditions of the legacy have been met.

iv) When the monetary value can be reliably measured.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

Accounting Policies - continued

1.3 Expenditure

The accounts are prepared in accordance with the accruals concept. A liability (and consequently, expenditure) is recognised in the accounts when there is a legal or constructive obligation, capable of reliable measurement, arising from a past event.

Expenditure is split into two main categories being the costs of investment management costs and the actual costs of charitable activities. A grant is any payment which is made voluntarily to any institution or to an individual in order to further the Charity's objectives, without receiving goods or services in return.

Costs of activities in the furtherance of charitable activities is expenditure incurred on the provision of services or goods. Support costs are an integral and material part of the costs of activities in the furtherance of charitable activities and/or expenditure incurred in paying grants. Management and administrative expenditure includes direct and indirect costs. Direct costs include those of external and internal audit and legal advice for the Trustee, the indirect costs include office and communication costs.

1.4 Structure of funds

Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts as a restricted fund. Other funds are classified as unrestricted funds. The main restricted funds are disclosed in note 12.2.

1.5 Fixed Assets

The Charitable Trust had no tangible or intangible fixed assets during the financial year 2024/25 (2023/24 - £nil).

1.6 Investment Fixed Assets

Investment fixed assets are shown at market value. Quoted stocks and shares are included in the balance sheet at mid-market price, ex-dividend.

1.7 Realised gains and losses

Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or date of purchase if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or date of purchase if later).

1.8 Change in the Basis of Accounting

The accounts are no longer being prepared on a going concern basis (see Note 1.11).

1.9 Prior Year Adjustments

No prior period adjustments have been necessary.

1.10 Pooling Scheme

An official pooling scheme is operated for investments relating to all funds. The scheme was registered with the Charity Commission on 09/06/2000.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

Accounting Policies - continued

1.11 Going Concern

As reported in previous Annual Reports and Accounts, since October 2018, charitable donations have been diverted to 'The Hull and East Yorkshire Hospitals Health Charity' (WISHH), an action which instigated the running down of the General Purposes Charity. Although WISHH is an independently run charity, its sole purpose is to raise funds for the hospitals of Hull University Teaching Hospitals NHS Trust, by taking a more proactive approach to fundraising. The General Purposes Charity supported the establishment of WISHH and provided grant funding over a 3-year period. A Memorandum of Understanding (MOU) was put in place to reflect the agreement reached between the two organisations resulting in the WISHH Charity having primary responsibility for fundraising and the management of charitable funds both existing and raised in the future for the benefit of Hull University Teaching Hospitals NHS Trust. As a consequence of the above strategy minimal funds have been flowing to the General Purposes Charity and funding of new projects by the Charity has therefore been limited.

During 2024/25, action has been taken to complete the Charity's conversion to independent status and transfer of arrangements/resources to the WISHH Charity and a new Memorandum of Understanding has been put in place, in accordance with national guidance (DoHSC - NHS Charities - 'Conversion to Independent Status' ), with all documentation completed by 31st March 2025.

The General Purposes Charity has retained some residual funds to meet its outstanding commitments and will not be entering into any new commitments and will cease to operate late 2025/2026, accordingly these financial statements have not been prepared on a going concern basis. The General Purposes Charity will produce a final set of accounts to coincide with it ceasing to operate as a charity.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

2. Details of other income Bank Interest Ophthalmology income	Unrestricted Funds £000 60 0 60	Restricted Funds £000 0 0 0	Total 2025 Funds £000 60 0 60	Total 2024 Funds £000 54 32
				86
3. Details of expenditure 3.1 Grants Grant making Building and Refurbishment Purchase of new equipment Patients welfare and amenities Staff welfare and amenities Research WISHH Miscellaneous	Unrestricted Funds £000 0 48 0 58 0 1,331 3 1,440	Restricted Funds £000 2,300 0 0 0 0 16 0 2,316	Total 2025 Funds £000 2,300 48 0 58 0 1,347 3 3,756	Total 2024 Funds £000 130 48 1 1 0 127 0
				307

3.2 Grants made to institutions Name of recipient WISHH * Hull and East Yorkshire Hospitals NHS Trust	Aggregate amount paid 2025 £000 1,347 2,409 3,756	Aggregate amount paid 2024 £000 127 180
		307

• As part of the Charity's conversion to independent status there was a significant funds transfer to WISHH on 31.3.2025.

3.3 Grants paid to individuals

There have been no grants to individuals during 2024/25 (2023/24 £nil).

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

4. Analysis of management and administration costs Audit fee Bought in services from NHS Bank Charges Investment management cost	Unrestricted Funds £000 4 22 0 26 10 36	Restricted Funds £000 0 0 0 0 0 0	Total 2025 Funds £000 4 22 0 26 10 36	Total 2024 Funds £000 4 33 0
				37
				11
				48

The Charity has no employees and pays a management fee to Hull University Teaching Hospitals NHS Trust to cover all staffing and administration costs provided to the Charity. These costs are allocated to a gains and losses fund.

5. Analysis of total expenditure Independent examiner's fee Bought-in services from NHS Other	Costs of Activities for Charitable Objectives £000 0 0 3,766 3,766	Management and Administration £000 4 22 0 26	Total 2025 £000 4 22 3,766 3,792	Total 2024 £000 4 33 318
				355
6. Changes in resources available for Charity use Net movement in funds for the year Net movement in funds available for future activities	Unrestricted £000 (1,271) (1,271)	Restricted £000 (2,316) (2,316)	Total 2025 £000 (3,587) (3,587)	Total 2024 £000 (25)
				(25)

7. Fixed Assets The Charity owned no tangible fixed assets during 2024/25 (2023/24:nil).

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

8. Analysis of fixed asset investments

8.1 Fixed Asset Investments: Market value at 31 March 24 - Opening Less: Disposals at carrying value Add: Acquisitions at cost Income less fees and withdrawals Net (loss)/gain on revaluation Market value at 31 March 25 - Closing	2025 £000 2,354 (2,471) 54 0 63 0	2024 £000 2,126 0 65 0 163
		2,354

The investments were held primarily to provide an return for the Charity. CCLA managed the Charity's investments and purchased investment fund units to January 2025 at which point they were instructed to liquidate investments. Investments were liquidated over the period end January/early February 2025.

Receipts from the disposal of the long-term and short-term investments were £2,029k and £442k respectively.

8.2 Market value at 31 March : Investments listed on Stock Exchange Investments in a Common Investment Fund Cash held within Investment portfolio All investments were liquidated during Q4 of 2024/25.	2025 Total £000 0 0 0 0	2024 Total £000 0 1,965 389
		2,354
8.3 Total gross income from investments Investments listed on Stock Exchange Investments in a Common Investment Fund	2025 Total £000 0 19 19	2024 Total £000 0 5
		5

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

9. Analysis of Debtors

	31 March 2025 31 March 2024	31 March 2025 31 March 2024
Amounts falling due within one year:	£000	£000
Trade debtors	0	0
Other debtors	189	32
	189	32

All debtors are due in one year.

10. Analysis of Creditors

	31 March 2025 31 March 2024	31 March 2025 31 March 2024
	£000	£000
Trade creditors	1	18
Amounts due to WISHH Charity	61	184
Amounts due to associated undertakings	33	23
Other Accruals	4	4
	99	229

All creditors are due in one year.

11. Financial Instruments

s		31 March 2025 31 March 2024	31 March 2025 31 March 2024
11.1	Financial Assets	£000	£000
	At fair value through income and expenditure:
	Investments	0	2,354

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

12. Analysis of funds

12.1 Endowment Funds

The Charity had no endowment funds during the year 2024/25 ( 2023/24 £nil).

12.2 Restricted Funds

Details of material funds - restricted at 31.3.25 Name of fund Description of nature and purpose Allam Developments

Contribute towards capital schemes, benefitting patients, visitors and staff.

12.3 Restricted Funds - balances Material funds Allam Developments Other active funds (2)	Balance Balance 31 March Income Expenditure Donation to WISHH Charity 31 March 2024 2025 £000 £000 £000 £000 £000 4,000 0 (2,300) 0 1,700 0 16 0 0 (16) 0
	4,016 0 (2,300) (16) 1,700

Restricted income arises when the donor imposes spending restrictions on the use of their donation/legacy. These donations are held separately from general donations to ensure the restrictions on the expenditure can be met.

12.4 Unrestricted Funds - balances Management and admin Gains on investments Fund balance b/fwd Legacies Investment income Other incoming resources Investment management costs Grant making	Balance Balance 31 March Income Expenditure Donation to WISHH Charity Gains/ (losses) 31 March 2024 2025 £000 £000 £000 £000 £000 £000 1,420 - - - 1,420 - - - - - 19 - - 19 - 60 - - 60 - (10) - (10) - - (109) (1,331) (1,440) - - (26) - (26) - - - 126 126
	1,420 79 (145) (1,331) 126 149

13. Contingencies The Charity had no contingencies at the balance sheet date.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

14. Trustee and connected persons transactions

There were no payments of Trustee's expenses or remuneration during 2024/25 (2023/24 £nil).

Details of transactions with the trustee or connected persons

Name of party involved / description of the transaction / description of the nature of the relationship	2024/25 £000	2023/24 £000
Amounts owed to Hull University Teaching Hospitals NHS Trust (included within creditors), beneficiary of the charity Amounts due from Hull University Teaching Hospitals NHS Trust (included within debtors), beneficiary of the charity Grants to Hull University Teaching Hospitals NHS Trust, beneficiary of the charity	2,409 33 145	180 23 0
Grants to the Hull and East Yorkshire Hospitals Health Charity (WISHH), charity serving same beneficiaries Amounts owed to The Hull and East Yorkshire Hospitals Health Charity (WISHH), charity serving same beneficiaries Amounts due from The Hull and East Yorkshire Hospitals Health Charity (included in debtors), charity serving same beneficiaries	32 1,347 61	127 184 32

15. Connected Organisations

Name, nature of connection, description of activities, undertaken and details, of any qualifications, expressed by their auditors.	2024/25	2024/25	2023/24	2023/24
	Turnover of Connected Organisation £000	Net Profit/ (Loss) for the Connected Organisation £000	£000 Turnover of Connected Organisation	Net Profit/ (Loss) for the Connected Organisation £000
Hull University Teaching Hospitals NHS Trust - grants to support training, service users, staff welfare & research The Hull and East Yorkshire Hospitals Health Charity (WISHH) - charity serving same beneficiaries (*24/25 WISHH Accounts not available at the time of reporting)	992,561 *	(10,304) *	885,736 621	(14,677) (151)

The figures in the table above are taken from the audited accounts of the Hull University Teaching Hospitals NHS Trust. The 23/24 figures for Hull and East Yorkshire Hospitals Health Charity (WISHH) were taken from its accounts which were subject to an independent examination. No issues of concern were highlighted.

*At the time of reporting the 2024/25 accounts for Hull and East Yorkshire Hospitals Health Charity were in the process of being examined. Consequently, turnover and net profit figures are not shown in the table above.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

16. Future Legacies

All legacies that have not yet been received but have been notified as due to the Charity have been included in these accounts where they fulfil the following criteria:

• i) When income is probable - usually but not exclusively when probate has been granted.

• ii) When the Executors have satisfied themselves there are sufficient assets to pay the legacy.

• iii) Any conditions of the legacy have been met.

• iv) When the monetary value can be reliably measured.

17. Future Expenditure

At 31st March 2025, there were 2 remaining funds. There was a comittment of £1.7m against the restricted fund, a contribution towards Hull University Teaching Hospitals NHS Trust's capital schemes.

18. Related Party Transactions

During the year none of the Charitable funds Committee or members of the key management staff or parties related to them have undertaken any material transactions with the Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity.

Capital and revenue payments have been made to the Hull University Teaching Hospitals NHS Trust where members of the Charitable Funds Committee also serve on Board.

The Charity pays a management fee to Hull University Teaching Hospitals NHS Trust to cover all staffing and administration costs provided to the Charity. This fee is reviewed annually. See note 4 - Analysis of management and administration costs.

19. Post Balance Sheet Events

There are no post balance sheet events to report.

20. Prior Period Adjustments

No prior period adjustments have been necessary.

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Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity Trustees' Report & Unaudited Annual Accounts

Notes to the Financial Statements - continued

21. Comparatives from 2023/24

21.1 Statement of Financial Activities for the year ended 31 March 2024

Income Income from: Donations Legacies Gifts in Kind Investment income Other incoming resources Total income Expenditure on: Costs of generating funds Investment management costs Charitable activities Grant making Management costs Management and administration Total expenditure Net gain (losses) on investments Net income/(expenditure) Net movement in funds Fund balances brought fwd and restated at 1 April 2023 Fund balances carried forward at 31 March 2024	Unrestricted Funds £000 0 0 0 5 86 91 11 307 37 355 239 (25) (25) 1,445 1,420	Restricted Funds £000 0 0 0 0 0 0 0 0 0 0 0 0 0 4,016 4,016	2023/24 Total Funds £000 0 0 0 5 86
			91
			11 307 37
			355
			239
			(25)
			(25)
			5,461
			5,436

21.2 Balance Sheet as at 31 March 2024

Fixed Assets Investments Total Fixed Assets Current Assets Debtors Short term investments and deposits Cash at bank and in hand Total Current Assets Creditors: Amounts falling due within one year Net Current Assets/(Liabilities) Total Assets less Current Liabilities Total Net Assets Funds of the Charity Restricted income funds Unrestricted income funds Total Charity Funds	Unrestricted Funds £000 513 513 32 102 1,001 1,135 (228) 907 1,420 1,420 1,420 1,420	Restricted Funds £000 1,452 1,452 0 287 2,278 2,565 (1) 2,564 4,016 4,016 4,016 4,016	Total at 31 March 2024 £000 1,965
			1,965
			32 389 3,279
			3,700
			(229)
			3,471
			5,436
			5,436
			4,016 1,420
			5,436

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