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← Royal Berkshire NHS Foundation Trust Charity

2025-03-31-accounts

ROYAL BERKSHIRE NHS FOUNDATION TRUST CHARITY Number: 1052720

Annual Report and Financial Statements

For the year ended 31 March 2025

Royal Berkshire NHS Foundation Trust Charity

Royal Berkshire NHS Foundation Trust Charity

Annual Report and Financial Statements for the year ended 31 March 2025

Contents Page
About the Charity 3
Statement of Corporate Trustee responsibilities 5
Report of the Corporate Trustee 6
Annual Review 14
Financial Review 17
Investment Report 18
Independent auditor’s report 19
Statement of Financial Activities 23
Balance Sheet 24
Statement of Cash Flows 25
Notes to the Financial Statements 26
2023/24 Statement of Financial Activities 38
2023/24 Balance Sheet 39
Donations including Gift Aid Declaration 40

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Royal Berkshire NHS Foundation Trust Charity

About the Charity : who we are

The Royal Berkshire NHS Foundation Trust Charity has only one beneficiary, the Royal Berkshire NHS Foundation Trust (the Trust). In accordance with Charity Commission guidelines, the Charity has one main aim, which is to assist in providing additional support for the public’s benefit above that normally provided by the Royal Berkshire NHS Foundation Trust. The Charity contributes towards the Trust’s delivery of its five strategic objectives which are:

Purpose of the Charity : what we aim to do

The object of the charity as set out in our Trust Deeds are as follows:

The trustees 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 (hereinafter referred to as “the objects”)

Fulfiling our objects enables the Charity to:

The Corporate Trustee of the Charity has determined that it will support the Trust in achieving its aims and confirms that the donated charity monies will be put to good use, in line with the strategic plans of the Trust, but managed independently and appropriately as charitable funds.

The Corporate Trustee is aware that the vast majority of charity monies are donated: these monies have been donated by members of the public, local businesses, patients and staff. The Corporate Trustee is grateful to the patients, the staff and the local community for their very generous donations and is keen to build upon the level of contributions currently received, so enabling the Charity to continue to improve the facilities for the benefit of the public.

The Charity has a very important and useful role to play in the success of the Trust. The Corporate Trustee is aware that the donations from the public must be used in accordance with the rules and regulations imposed on all charities by the Charity Commission and Charity law. The Corporate Trustee is also aware that the wishes of each donor must be recognised and upheld at all times.

In recognising this, the Corporate Trustee has incorporated a purpose for the Charity in line with the objectives:

Strategic objectives for the Charity

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Royal Berkshire NHS Foundation Trust Charity

How we organise our affairs : reference and administrative details

Full name of the Charity and Registration Number:

Royal Berkshire NHS Foundation Trust Charity Registration Number – 1052720

Corporate Trustee

The Royal Berkshire NHS Foundation Trust is the Corporate Trustee of the Charity since 1 June 2006 (formerly ‘The Royal Berkshire and Battle Hospitals NHS Trust’).

The Royal Berkshire NHS Foundation Trust Charity (and formerly the Royal Berkshire and Battle Hospitals Charity) is governed by the laws applicable to trusts, principally the Trustee Act 2000 and the laws applicable to charities which are governed by the Charities Act 2011 as amended by the Charities Act 2016; Charity (Accounts and Reports) regulations 2008; and Financial Reporting Standard 102 (FRS 102 - SORP 2019) for the year ending 31st March 2025.

The Principal Office of the Charity

Royal Berkshire NHS Foundation Trust Charity Royal Berkshire Hospital London Road Reading RG1 5AN

Telephone: 0118 322 8860

Bankers

Lloyds Bank PLC 24 Broad Street Reading RG1 2BT

Government Banking Service (RBS NATWEST) 2[nd] Floor 280 Bishopsgate London EC2M 4RB

CCLA Investment Management Ltd 80 Cheapside Salisbury Square London EC2V 6DZ

Auditor

Deloitte LLP Statutory Auditor 2 New St Square London United Kingdom EC4A 3BZ

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Royal Berkshire NHS Foundation Trust Charity

CHARITY REGISTRATION NUMBER 1052720

Statement of Corporate Trustees responsibilities in respect of the Annual Report and the Financial Statements

The Trustees are responsible for preparing the Trustees' Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The law applicable to charities in England and Wales requires the trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these Financial Statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records that 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 as amended by the Charities Act 2016, 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 Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of Financial Statements may differ from legislation in other jurisdictions.

The Financial Statements and related notes set out on pages 27 to 39 attached have been compiled from and are in accordance with the financial records maintained by the Corporate Trustees. The Corporate Trustee has elected to prepare the Financial Statements in accordance with FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland.

By order of the Corporate Trustee

Helen Troalen Interim Chief Finance Officer Royal Berkshire NHS Foundation Trust 11 December 2025

Steve McManus Chief Executive Officer Royal Berkshire NHS Foundation Trust

11 December 2025

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Royal Berkshire NHS Foundation Trust Charity

Report of the Corporate Trustee

The Charity’s Annual Report and Financial Statements for the year ended 31 March 2025 have been prepared by the Corporate Trustee in accordance with Charity Act 2011 as amended by the Charity Act 2016; Charity (Accounts and Reports) regulations 2008; and Financial Reporting Standard 102 (FRS 102 - SORP 2019). In preparing the Annual Report the Corporate Trustee has complied with the duty to include a report of those activities undertaken by the Charity to further its charitable purposes for the public benefit.

The Corporate Trustee presents the Charity’s Annual Report together with the Audited Financial Statements for the year ended 31st March 2025.

The Charity’s report and Financial Statements include all the separately established funds for which the Royal Berkshire NHS Foundation Trust is the sole beneficiary.

The Charity’s Corporate Trustee is ‘The Royal Berkshire NHS Foundation Trust’.

Charitable funds received by the Charity are accepted, held and administered as funds held on trust for purposes relating to the National Health Service in accordance with the National Health Service Act 1977 and the National Health Service and Community Act 1990. These funds are held on trust by the Corporate Trustee.

The Royal Berkshire NHS Foundation Trust Charity administers all charitable funds held on trust for ‘Royal Berkshire NHS Foundation Trust’.

The following disclosures for the Trustees reports have been disclosed in the “Annual Review” and “About the Charity” section of the Annual Report:

  1. The address of the principal office for the charity and, in case of a charitable company, the address of its registered office (or principal place of business, if different from the registered office)

  2. The Charity’s aims including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities

  3. The Charity’s strategy for achieving its aims and objectives

The Royal Berkshire NHS Foundation Trust is one of the largest general hospital foundation trusts in the country and the main provider of acute and specialist care services for West Berkshire. The Trust also serves people in East Berkshire and bordering areas. We work with the NHS and social care partners to provide excellent healthcare services for those who live in our communities and beyond. We also provide specialist hospital services including cancer, cardiology and renal services. The Royal Berkshire NHS Foundation Trust employs more than 6,000 staff from 104 nationalies and delivers care from a network of facilities across seven sites in Bracknell, Henley-on-Thames, Reading, Thatcham and Windsor.

Constitution and Membership

The Royal Berkshire NHS Foundation Trust Charity (Charity Registration Number 1052720) is governed by the Trust Deed which was approved by the Trustees. Under the terms of the deed the Charity is administered and managed by the Trustees, the members of the Royal Berkshire NHS Foundation Trust as a body corporate.

The Trustees derive their authority to act from the Trust deed of the NHS Trust Charitable Fund, approved by the Trustees.

The Corporate Trustee is the Board of Directors and they delegate operational accountability to the Charity Director, monitored by the Charity Committee. The Board of Directors of the Trust comprises both Executive (paid staff) and Non-Executive (appointed externally) Directors. Non-Executive Directors (including the Chair of the Trust) are appointed to the Trust Board in accordance with provisions set out in the Trust Constitution and by the Council of Governors. Executive Directors are appointed to the NHS Board in accordance with NHS Trust recruitment procedures. The role of Board Directors is set out in the Board Charter of Expectations which is set on the Nolan Principles. All of our Board of Directors meet the standards of the ‘Fit and proper persons requirement’.

All Trustees are required to undertake an induction programme during which time they meet both the Chair of the Trust who is also the Chair of the Charity Trustee Board, and the Chair of the Charity Committee. New Trustees are also directed to the website of the Royal Berkshire NHS Foundation Trust Charity and are kept

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Royal Berkshire NHS Foundation Trust Charity

abreast of Charity Committee and Charity Trustee Board Committee proceedings via formal reports to the Board of Directors meetings.

All Trustees participate in an annual programme of Board Seminars, Board Development and other training programmes to develop knowledge and skills. Trust policy requires all Trustees to disclose all relevant interests and to withdraw from discussions or decisions where a conflict of interests arises.

The Committee is chaired by a Non-Executive Director of the Trust. Additional membership includes the Chief People Officer, Trust Secretary, Director of Finance, two public Governors nominated by the Council of Governors, a staff representative, a patient representative and the Charity Director.

Charity Committee Members

Those serving on the Charity Committee during the year were:

Bal Bahia Non-Executive Director - Chair
Graham Sims Trust Chair
Minocher Irani Non-Executive Director
Steve McManus Chief Executive
Michael Clements Director of Finance
Don Fairley Chief People Officer
Nicky Lloyd Chief Finance Officer
Caroline Lynch Trust Secretary
Jo Warrior Charity Director
John Stannard Patient Representative
Jonathan Barker Public Governor
Adenike Omogbehin Staff Representative
Sunila Lobo Public Governor

The following were also directors serving on the Charity Committee during the 2024-2025 financial year:

The following joined the Charity Committee during the 2024-2025 financial year:

The following joined the Charity Committee after 31 March 2025:

The following directors stood down from the Charity Committee following 31 March 2025:

The quorum is four members including the Committee Chair, Chief People Officer, Charity Director and one other member.

External advisers may attend as necessary at the request of members. The Chief Executive and the Chair will attend two meetings annually.

The Trust Secretary (or their nominee) will act as a member and secretary to the Committee.

Frequency of meetings

The Committee meets at least three times a year. Note, the Charity Board meets twice per year. The Charity Director attends the Charity Board.

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Royal Berkshire NHS Foundation Trust Charity

Charity Committee Attendance

Charity Committee 01-May-24 16-Sep-24 13-Dec-24 No Meetings
Attended
Bal Bahia ✓ ✓ ✓ 3/3
Don Fairley X 0/1
Graham Sims ✓ X ✓ 2/3
Jo Warrior ✓ ✓ ✓ 3/3
Mike Clements ✓ ✓ ✓ 3/3
Caroline Lynch ✓ ✓ ✓ 3/3
Jonathan Barker ✓ ✓ X 2/3
Sunila Lobo ✓ X ✓ 2/3
Adenike Omogbehin X ✓ X 1/3
John Stannard X X ✓ 1/3
Steve McManus X X X 0/3
Minocher Irani ✓ ✓ 2/2
Nicky Lloyd ✓ ✓ 2/2

Note

^ Chair of Trust and Chief Executive are required to attend two meetings annually.

Authority

The Trustees derive their authority to act from the Trust Deed of the NHS Trust Charitable Fund, approved by the Trustees.

Monitoring

The work of the Charity Committee is kept under review by the Charity Board.

The Committee shall have the delegated authority to act on behalf of the Board of Directors in accordance with the Constitution of the Charity and the Standing Orders, Standing Financial Instructions of the Trust.

The minutes of Committee meetings will be formally recorded and submitted to the Board of Directors.

Committee Duties

The members of the Committee are responsible for the oversight and enquiry of the management of the Charitable Funds, through the Charity Director. They are required to:

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Royal Berkshire NHS Foundation Trust Charity

Accountability

The Corporate Trustee is accountable to the Charity Commission for the proper use of the charitable funds and to the public as a beneficiary of those funds.

The Trust Secretary will ensure that the Charity Annual Report and Financial Statements are published on the Foundation Trust’s website.

The Chief Finance Officer will ensure that all necessary reports and returns are made to the Charity Commission on behalf of the Corporate Trustee.

Reporting

The minutes of Committee meetings will be formally recorded and submitted to the Charity Board and thus to The Board.

The Committee will review the terms of reference on an annual basis and report to the Board accordingly.

Directors of the Corporate Trustee as at 31 March 2025

Name Designation
Mr Graham Sims Chair of the Trust
Mr Steve McManus Chief Executive
Mr Don Fairley Chief People Officer
Mr Dom Hardy Chief Operating Officer
Dr Janet Lippett Chief Medical Officer
Mrs Nicky Lloyd Chief Finance Officer
Mrs Katie Prichard-Thomas Chief Nursing Officer
Mr Andrew Statham (from 01/07/24) Chief Strategy Officer
Mrs Helen Mackenzie Non-Executive Director, Deputy Chair
Mr Mike McEnaney Non-Executive Director, Senior Independent Director
Dr Bal Bahia Non-Executive Director
Professor Parveen Yaqoob Non-Executive Director
Mr Mike O’Donovan Non-Executive Director
Dr Minoo Irani (from 01/09/24) Non-Executive Director
Ms. Catherine McLaughlin (from 01/07/24) Non-Executive Director

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Royal Berkshire NHS Foundation Trust Charity

The following were also Board Directors during the 2024-2025 financial year:

The following joined as Directors of the Corporate Trustee after 31 March 2025:

Drawn from the private sector, the public sector and the National Health Service, Non-Executive Directors are appointed by the Council of Governors.

Structure, Governance and Management

The Charity was set up as an ‘umbrella charity’ for charitable funds held on Trust by the then Royal Berkshire and Battle Hospitals NHS Trust.

The Charity was created by a declaration of Trust made on 28 November 1995 by the then Royal Berkshire and Battle Hospitals NHS Trust with a cash donation of £10. The Charity was subsequently entered on the Central Register of Charities on 7 February 1996.

In March 1997, by virtue of section 96 of the Charities Act 1993, all charitable funds previously held on trust by the then Royal Berkshire and Battle Hospitals NHS Trust (comprising 17 special purpose charities) were brought within the Charity’s umbrella registration. During 2023 a detailed review was undertaken by the charity on the validity of the special purpose charities. Following recommendation, the Board of Trustees approved the dissolution of the 17 special purpose charities. Notifcation was made to the Charity Commission during 2024 to formalise the revised structure. A request was received from them for a copy of the Resolution of Dissolution document, which was provided. The Charity is awaiting a response to this submission and confirmation of the updates being formalised.

The Charity’s funds are made up of restricted, unrestricted and capital endowment funds:

Donations and gifts received by the Charity are allocated to the appropriate fund within the existing fund structure:

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

During the year we have maintained our approach to amalgamate unrestricted funds where possible within speciality areas and in line with Charity Commission guidelines to enable a more flexible approach to spend. This has resulted in a reduction of 29 funds - from 147 funds held in 2023-24 to 118. This work will continue over the coming year.

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Royal Berkshire NHS Foundation Trust Charity

The day-to-day administration of funds is dealt with by the Charity Team and the Finance Department of Royal Berkshire NHS Foundation Trust. Fund Advisors comprising clinicians, business managers, ward sisters, departmental managers and other members of the Trust, together with the Charity Team have delegated responsibility to manage expenditure of funds.

Each Fund Advisor is provided with the Charitable Funds Guide detailing the rules, regulations and procedures regarding the management, receipt and disbursement of charitable funds. The purpose of this guide is to inform Fund Advisors of the overall framework under which donated funds are managed by the Trust, as Corporate Trustee, as well as the day-to-day procedures necessary to manage the funds for which they are responsible. Their responsibilities include providing detailed plans to the Charity Committee annually.

Regulations in the form of financial procedures are in place to provide assurance that funds are expended correctly. These are the procedures that have been agreed by the Charity Committee and form part of the Trust’s Standing Financial Instructions (SFIs). The Chief Executive and Directors of the Trust, as part of the Annual Report and Financial Statements process, are required to certify that the Trust has an appropriate system of financial control and that this has been in existence throughout the financial year.

The Finance Department of the Trust undertakes all accounting and reporting for the Charity.

Risk Management

It is recognised by the Corporate Trustee that it has a responsibility to review the major risks to which the Charity is exposed and establish systems to mitigate such risks.

The Corporate Trustee performed reviews of any potential risk exposure during the financial year and considers that the controls in place are sufficient to mitigate these.

Risk management strategy

Key systems include:

The Corporate Trustee seeks ongoing assurance that the above key systems are established and that any risk areas identified are being effectively managed.

Reserves Policy

The Trustee’s policy is that funds should be spent in a timely manner for public benefit, rather than retained for investment purposes.

On an ongoing basis, the Charity seeks to maintain the equivalent of one year’s running costs in unrestricted available reserves to cover all known operational commitments. During the year this was estimated to be £436k (2023-24 £436k).

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Royal Berkshire NHS Foundation Trust Charity

In addition the Charity holds funds which are designed to accumulate for a specific project and funds are therefore held until the project completes.

These are reviewed each year and for 2024-25 the following are considered as reserved at 31st March:

•U226/RH08 Cardiology expansion £300k
•U353 Paediatric playroom refurbishment £100k
•U061 PSA level monitoring system £72k
•U571 Medical equipment commitments £150k
•U571 Meet Peet Health Inequalities project £86k
•U571 Staff restaurant refurbishment £94k
•U571 Staff Wellbeing Garden completion £250k
•U572 Knowledge & Development Fund £200k

The policy is reviewed on an annual basis.

As at March 2025 the Charity held fund reserves totaling £3,888k (2023-24: £4,338k) of which £3,132k (202324: £3,403k) are held as both unrestricted and designated funds. Restricted and endowment funds total was £756k (2023-24: £935k). Further details are provided in Note 13a – Restricted Funds, Note 13b – Unrestricted Funds and Note 13c – Endowment Funds.

Public benefit statement

The Charity confirms that the Corporate Trustee has complied with its duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising its powers or duties. Throughout this report, the Charity demonstrates how it acts for the public benefit.

Our fundraising practice

The Charity does not contract with any individual, group or company of professional fundraisers in pursuance of its fundraising activities and employs fundraising managers who oversee fundraising activity in line with regulations and guidelines as set by the Fundraising Regulator and the Chartered Institute of Fundraising. Royal Berkshire NHS Foundation Trust Charity is regulated by the Fundraising Regulator and actively seeks to comply with best practice standards. The Charity has not received any complaints in the reporting period with regards to its fundraising activities.

The Charity operates a fundraising policy whereby standards are laid out to protect vulnerable people and other members of the public. The policy has measures in place to protect those people from behaviours which are an unreasonable intrusion on their privacy, are unreasonably persistent or place undue pressure on a person to give money or other property.

Partnership working

The Royal Berkshire NHS Foundation Trust is the sole beneficiary of the Charity and is a related party by virtue of being Corporate Trustee of the Charity. By working in partnership with the Trust, the Corporate Trustee ensures charitable funds are used to best effect with reference to the main activities, objectives, strategies and plans of the Trust.

Volunteers

On behalf of the Trustee body, the Charity would like to pay tribute to the volunteers who give their time in support of our work.

During 2024-25 our 35 dedicated volunteers provided support in a variety of ways, including administrative tasks, dispensing leaflets across the hospital sites and in the community, assisting at fundraising events, and managing the regular distribution and collection of charity collection tins placed in local shops. Over 2024-25 our regular volunteers collectively provided 2469 hours of support, an increase of 1032 hours on 2023-24 (1437).

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Royal Berkshire NHS Foundation Trust Charity

We continue to recruit volunteers and greatly appreciate the support they provide.

The Charity does not account for the value of volunteer input within the Financial Statements.

Wider Networks

The Charity is one of over 400 NHS Charities in England and Wales who are eligible to join NHS Charities Together. As a member charity, we can discuss matters of common concern and exchange information and experiences, join together with others to lobby government departments, and to participate in conferences and seminars which offer support and education for our staff and members of the Charity Committee.

Our relationship with the wider community

The ability of the Charity to continue its vital support to the Trust is dependent on its capability to raise funds from the general public. It also continues to forge strong relationships with members of NHS staff whose cooperation is instrumental in helping the Charity to continue its support. Our Charity Champions initiative which launched in February 2023 continues to grow and now has over 149 members of staff signed up to the voluntary role to help raise awareness of and drive support for the Charity across all Trust sites.

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Royal Berkshire NHS Foundation Trust Charity

Annual Review 2024-25: highlights from the activities undertaken in the year

The key aim of the Charity is to raise funds to help transform the care and experience for patients and staff across all of our Trust sites. We do this through funding initiatives that enable:

Achievements and performance

The Charity continually works to enhance the support it provides to patients and staff across the Trust. We ensure that fundraising and other income-generating activities are well planned to ensure a good return on investment and sustainable growth for the future.

Our fundraising team has been instrumental in expanding the Charity’s reach and deepening its connections throughout the year, By engaging in a varied range of activities, including community and hospital-based fundraising, direct marketing to existing supporters, and cultivating long-term relationships with individuals, corporate partners, and grant-making bodies, we’ve strengthened both our profile and our capacity to deliver impactful projects.

Building on this, during the year we launched our new strategy (2024-28) to ensure the Charity continues to align with and support the Trust’s strategic prirorities wherever possible. We have built on our strong foundations to maintain income levels, charitable expenditure, and to enhance the visibility and awareness of our work, both within the Trust and across the wider community.

This progress is reflected in the developments across each of our four strategic objectives:

Visibility: We’ve made positive strides in raising the profile of our Charity through targeted communications that reinforce our mission and values; engagement across digital platforms has grown, with increased reach and interaction on social media. Our Charity Champions have played a key role in embedding our presence across hospital sites, ensuring colleagues are aware of our work and how we can support one another.

Expenditure: We’ve taken a proactive approach to financial stewardship, ensuring our resources deliver maximum benefit. Our reserves have been strategically reduced in line with our commitment to do more for patients and staff; we’ve funded a wide range of impactful projects, including enhancements to patient environments, staff wellbeing initiatives, and the provision of new equipment.

Income: We’re pleased to have maintained steady income during a widely reported challenging year for the charity sector. This has been achieved by successful campaigns, sustained corporate partnerships, and strong community engagement. We have continued to explore opportunities to diversify our income streams, to ensure sustainable growth in the years ahead.

Volunteering: Our volunteer base has remained stable over the year, with a consistent number of individuals continuing to support our work. Notably, we’ve seen an increase in the number of hours contributed, reflecting deeper engagement and commitment. We’ve continued to offer specific roles and development opportunities, helping volunteers feel valued and supported in their contributions.

We are incredibly grateful to all of our supporters and donors and we maintain communication with them through multiple channels, including mail, email, telephone, our charity magazine ‘Spotlight’, social media and our website (www.royalberkscharity.co.uk).

We closely monitor our communications to ensure we strike the right balance – encouraging and thanking supporters for their charitable efforts without being intrusive.

A large number of gifts-in-kind were also received through the charity for patients and staff from our corporate partners and grateful members of the public who were keen to show their support to the local NHS in other ways. The value of these gifts is measured and recognised in line with our accounting policies, see Note 1.

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Royal Berkshire NHS Foundation Trust Charity

Charitable activities

We are committed to spending our funds in a way that delivers maximum impact, focusing on priority projects identified in collaboration with Trust teams. We actively seek feedback from the areas we have supported to assess the impact of our funding on patients and staff. This helps ensure that our funds are achieving the desired outcomes and enables us to report back to our donors on the benefits their support makes.

Thanks to our supporters, the Charity was able to provide £1,400k of funding in 2024-25 across our four key areas:

Highlights from a number of our projects undertaken in the year are detailed below to give a deeper understanding of the positive difference we make together to the care and experiences of the local communities that we serve.

Buying the most up-to-date equipment

During 2024-25 we purchased a wide range of medical equipment to help provide the best possible outcomes for patients. These included:

Supporting rebuilding and refurbishment projects

The charity undertakes refurbishment projects to help create modern, efficient, and welcoming environments that enhance the quality of care for our patients, and provide better working conditions for our staff. This year, these have included:

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Royal Berkshire NHS Foundation Trust Charity

Providing better facilities and care for patients and visitors

Patient welfare is at the heart of all that we do and we are committed to improving facilities and the hospital environment for both patients and the staff who care for them. Projects have included:

Improve staff wellbeing and training for the benefit of patient care

Ensuring staff are well-trained and supported directly benefits their expertise and the quality of care they can provide. During 2024-2025 this support included:

Plans for the future

In consideration of the impending launch of the anticipated new 10-Year Plan, the Charity will be reviewing its strategic objectives with a view to refreshing where needed to ensure it remains well-positioned to contribute to the Trust’s priorities both now and in the years ahead.

Our objectives will be reviewed regularly throughout the strategy’s term to monitor progress, assess impact, and ensure continued relevance in a changing healthcare landscape.

While having a clearly defined strategy provides essential direction, we also recognise the importance of remaining agile. The needs of the Trust, and the opportunities to support patients, staff and services, can evolve rapidly. Our approach will therefore remain flexible, enabling us to respond effectively to emerging priorities, challenges, and innovative ideas that align with our mission.

Looking ahead, we are committed to deepening partnerships, diversifying our income streams, and investing in projects that deliver lasting benefit. By staying focussed yet adaptable, we aim to maximise our charitable impact and continue to be a trusted and valued partner to the Trust.

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Royal Berkshire NHS Foundation Trust Charity

Financial Review

During this financial year the Charity has continued to support the Trust in a wide variety of charitable activities benefiting patients, staff and the general public. The Corporate Trustee ambition for the Charity to continue to fully contribute to the activities of the sole beneficiary whilst acting independently continues in accordance with Charity Law and Charity Commission guidelines.

Statement of Financial Activities

Income

This year’s income from donations is £482k (2023/24 £415k) which is an increase of £67k. Legacy income this year is significantly up at £386k (2023/24 £62k) resulting from a few large legacy notifications received. Fundraising and gift aid income is £145k (2023/24 £115k) and £47k (2023/24 £41k) respectively.

Income from other trading activities amounted to £15k (2023/24 £12k) and interest income from fund deposits amounted to £191k (2023/24 £180k).

Expenditure

The total expenditure on charitable activities for the Charity were as follows:

----- Start of picture text -----
Unrestricted Restricted 2024/25 2023/24
Funds Funds Total Total
£000 £000 £000 £000
Purchase of Medical equipment 610 46 656 347
Staff welfare and Education 200 11 211 149
Additional equipment, furniture and fittings 7 30 37 55
Research related expenditure & IT equipment 164 - 164 106
Building and refurbishment 77 2 79 153
Patient welfare and amenities 92 15 107 17
Total 1,150 104 1,254 828
----- End of picture text -----

Balance Sheet

The net assets of the Charity as at 31 March 2025 were £3,888k (2023/24: £4,338k). Overall, net assets have decreased by £450k year on year.

Investment Policy and Objectives

The Investment policy of the Charity states that the Charity Committee is responsible for:

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Royal Berkshire NHS Foundation Trust Charity

Investment report for the year ended 31 March 2025

The Charity’s Treasury Policy is to maintain a risk-averse approach to funding, whilst taking social, environmental and ethical issues into consideration, recognising the requirements to have funds in place to cover committed spending plans whilst maintaining an operating reserve of £436k.

The charity currently has a holding of 955 units managed on behalf of the Charity by CCLA Investment Management Ltd in relation to an Endowment Fund that states that the investment must be retained as equity. It is in a unitised fund which is a pooled investment vehicle.

It is in a unitised fund which is a pooled investment vehicle.
CCLA COIF Fund
955 income units
Fund
Holding		 Value at
31/03/25
Value at
31/03/24
£000
£000
19
20
Total 19
20

Going Concern

The Corporate Trustee has a reasonable expectation that the Royal Berkshire NHS Foundation Trust Charity has adequate resources and on-going fundraising activities to continue in operational existence for the foreseeable future, and in particular for a period at least twelve months from the date of signing the Financial Statements. For this reason, they continue to adopt the going concern basis in preparing the Financial Statements. The Corporate Trustee believe that there are no material uncertainties that can call in to doubt the Charities ability to continue in operation.

Thank you

The Corporate Trustee would like to take this opportunity to thank everyone who has supported the Charity and made our important work possible.

By order of the Corporate Trustee

Helen Troalen Interim Chief Finance Officer Royal Berkshire NHS Foundation Trust

11 December 2025

Steve McManus Chief Executive Officer Royal Berkshire NHS Foundation Trust

11 December 2025

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Royal Berkshire NHS Foundation Trust Charity

Independent auditor’s report to the trustees of Royal Berkshire NHS Foundation Trust Charity

Report on the audit of the financial statements

Opinion

We have audited the financial statements which comprise:

The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

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 Financial Reporting Council’s (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 trustees’ 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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

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

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Royal Berkshire NHS Foundation Trust Charity

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 this gives rise to a material misstatement in the financial statements themselves. 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.

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are 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 trustees determine 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 trustees are 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 trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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 these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

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. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We considered the nature of the charity’s industry and its control environment, and reviewed the charity’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management and the trustees about their own identification and assessment of the risks of irregularities, including those that are specific to the charity’s business sector.

We obtained an understanding of the legal and regulatory frameworks that the charity operates in, and identified the key laws and regulations that:

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Royal Berkshire NHS Foundation Trust Charity

We discussed among the audit engagement team including relevant internal specialists such as valuations specialists regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.

As a result of performing the above, we identified the greatest potential for fraud or non-compliance with laws and regulations in the following areas, and our procedures performed to address them are described below:

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, our procedures to respond to the risks identified included the following:

Report on other legal and regulatory requirements

Matters on which we are required to report by exception

Under the Charities (Accounts and Reports) Regulations 2008 we are required to report in respect of the following matters if, in our opinion:

We have nothing to report in respect of these matters.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the

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Royal Berkshire NHS Foundation Trust Charity

charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Stephen Turner Deloitte LLP For and on behalf of Deloitte LLP Statutory Auditor Statutory Auditor London, United Kingdom London, United Kingdom [XX November 2025] 16 December 2025

Deloitte LLP is eligible for appointment as auditor for the charity by virtue of its eligibility for appointment as audit of a company under section 1212 of the Companies Act 2006.

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Royal Berkshire NHS Foundation Trust Charity

Statement of Financial Activities for the year ended 31 March 2025

----- Start of picture text -----
Total Total
Unrestricted Restricted Endowment
Funds Funds
Funds Funds Funds
2024/25 2023/24
Notes £000 £000 £000 £000 £000
Income and endowments from:
Donations 477 5 - 482 415
Gift Aid 47 - - 47 41
Legacies 384 2 - 386 62
Fundraising 143 2 - 145 115
Other trading activities 15 - - 15 12
Other Income - - - - 18
Income from investments 4 191 - - 191 180
Total income 1,257 9 - 1,266 843
Expenditure on:
Raising funds 5 (357) (58) - (415) (396)
Governance costs – Audit fee 6a (21) - - (21) (10)
Charitable activities:
Purchase of medical equipment (610) (46) - (656) (347)
Staff education and welfare (200) (11) - (211) (149)
Purchase of additional equipment,
(7) (30) - (37) (55)
furniture and fittings
Research related expenditure including
(164) - - (164) (106)
purchase of medical and IT equipment
Building and refurbishment (77) (2) - (79) (153)
Patient welfare and amenities (92) (15) - (107) (17)
Total expenditure (1,528) (162) - (1,690) (1,233)
Net (loss) / gain on investment assets 8 (1) - (1) 2
Net expenditure (271) (154) - (425) (388)
Net losses on revaluation 7 - (25) - (25) (35)
Net movement in funds (271) (179) - (450) (423)
Reconciliation of Funds
Total funds brought forward 1 Apr 2024 14 3,403 897 38 4,338 4,761
-
Net movement in funds (271) (179) (450) (423)
Transfer between funds - - - - -
Total funds balances carried forward 3,132 718 38 3,888 4,338
----- End of picture text -----

There were no other recognised gains or losses other than those listed above. All income and expenditure derives from continuing activities.

Comparative information relating to 2023/24 for the separate classes of funds is provided in note 19.

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Royal Berkshire NHS Foundation Trust Charity

Balance Sheet as at 31 March 2025

**Notes ** Unrestricted Restricted Restricted
Endowment		 Total Total Prior year
Funds Funds Funds Funds funds
31-Mar-25 31-Mar-24
£'000 £'000 £'000 £'000 £'000
Fixed Assets
Investment property 7 - 295 - 295 320
Investments 8 19 - - 19 20
Total fixed assets 19 295 - 314 340
Current Assets
Debtors 9 134 - - 134 84
Cash at bank and in hand 10 3,223 423 38 3,684 4,134
Total current assets 3,357 423 38 3,818 4,218
Current Liabilities:
Creditors: Amounts falling due within one year 11 (244) - - (244) (220)
Net current assets 3,113 423 38 3,574 3,998
Total assets less current liabilities 3,132 718 38 3,888 4,338
Total net assets 3,132 718 38 3,888 4,338
The Funds of the Charity
Restricted Income Fund 13a - 718 - 718 897
Unrestricted Income Fund 13b 3,132 - - 3,132 3,403
Endowment Funds 13c - 38 38 38
Total charity funds 3,132 718 38 3,888 4,338

Comparative information relating to 2023/24 for the separate classes of funds is provided in note 20.

The notes on pages 27 to 39 form part of these Financial Statements.

Approved by the trustees and signed on their behalf by:

Helen Troalen Interim Chief Finance Officer Royal Berkshire NHS Foundation Trust

11 December 2025

Steve McManus Chief Executive Officer Royal Berkshire NHS Foundation Trust

11 December 2025

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Royal Berkshire NHS Foundation Trust Charity

Statement of Cash Flows as at 31 March 2025

Note
Cash flows from operating activities:
Net cash used in by operating activities
17
Cash flows from investing activities:
Income from investments
Net cash provided by investing activities
Decrease in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting
period
Cash and cash equivalents at the end of the reporting period
10		 Total
2024/25
£000
(641)
191
191
(450)
4,134
3,684		 Total
2023/24
£000
(815)
180
180
(635)
4,768
4,134

The note 10 on page 33 form part of these accounts.

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Royal Berkshire NHS Foundation Trust Charity

Notes to the Financial Statements

The following accounting policies have been consistently applied in dealing with items which considered material in relation to the Charities Financial Statements.

1. Accounting policies and definitions

a) Basis of preparation

The Charity is a public benefit entity registered in England and Wales.

The Financial Statements have been prepared under the historic cost convention, with the exception of investments, which are included at market value. The Financial Statements have been prepared by the Corporate Trustee in accordance with Charity Act 2011 as amended by the Charity Act 2016; Charity (Accounts and Reports) regulation 2008; and Financial Reporting Standard 102 (FRS 102 - SORP 2019). In preparing the Annual Report the Corporate Trustee has complied with the duty to include a report of those activities undertaken by the Charity to further its charitable purposes for the public benefit.

The Financial Statements have been prepared on the historical cost basis, except for the revaluation of investment properties that are measured at fair value at the end of each reporting period, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for the goods and services.

The Corporate Trustee has a reasonable expectation that the Royal Berkshire NHS Foundation Trust Charity has adequate resources and on-going fundraising activities to continue in operational existence for the foreseeable future, and in particular for a period at least twelve months from the date of these Financial Statements. For this reason, they continue to adopt the going concern basis in preparing the Financial Statements. The Corporate Trustee believe that there are no material uncertainties that can call in to doubt the Charities ability to continue in operation.

Royal Berkshire NHS Foundation Trust Charity is a subsidiary of Royal Berkshire NHS Foundation Trust, the intermediate parent. The consolidated Financial Statements of Royal Berkshire NHS Foundation Trust, within which the Charity is included, can be obtained from London Road, Reading, RG1 5AN or online at www.royalberkshire.nhs.uk.

The consolidated Financial Statements of the intermediate parent Royal Berkshire NHS Foundation Trust are also consolidated into the ultimate parent the Department of Health and Social Care (DHSC).

b) Funds Structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. The restriction may apply to the use of income or capital or both. Where the restriction requires the gift to be invested to produce income but the Corporate Trustee has the power to spend the capital, it is classed as expendable endowment.

Permanent endowment funds are funds where the donor has expressly provided that only the income of the fund may be applied for a specific or non-specific purpose but where the capital is held to generate income and where the Corporate Trustee has no discretion to expend the capital.

The Charity has two permanent endowment funds

Unrestricted funds comprise those funds which the Corporate Trustee is free to use for any purpose in the furtherance of the charitable objects. Income generated from assets held in the unrestricted funds is unrestricted income. Unrestricted funds include designated funds (earmarked), where the donor has made known their nonbinding wishes or where the Corporate Trustee, at its discretion, has created a fund for a specific purpose, often reflecting the wishes of the donors and which are at the Corporate Trustee discretion.

The major funds held in each of these categories are disclosed in note 13 on page 35.

c) Incoming resources

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Royal Berkshire NHS Foundation Trust Charity

All incoming resources; donated goods, facilities and services must be recognised as income by the charity when the following criteria are met:

Donated goods must be measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s).

d) Incoming resources from legacies

Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable or more likely than not to be received; this will be once confirmation has been received from the representatives of the estate that payment of the legacy will be made once all conditions attached to the legacy have been fulfilled.

Material legacies, which have been notified but not recognised as incoming resources in the Statement of Financial Activities due to uncertainty over the amount and timing of expected receipt are not included in the year-end Financial Statements.

e) Resources expended

Expenditure is recognised when a liability is incurred. Expenditure is recognised only when the payment is made or when the goods or services have been supplied and a liability has been established.

Grants are made only to the sole beneficiary of the Charity, ‘The Royal Berkshire NHS Foundation Trust’ and in furtherance of the charitable objects of the Charity. A liability for such grants is recognised only when there is a legal or constructive obligation committing the Charity to the expenditure.

f) Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

g) Income tax

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

h) Allocation of support costs

Support costs have been allocated between charitable activities for the year in proportion to total spend and are included in the statement of financial activities and shown separately in note 5 on page 30.

i) Costs of generating funds

The costs of generating funds include the salaries of Charity fundraising staff, associated operating cost and investment fund management fees.

j) Charitable activities

All charitable activities are solely for the benefit of the beneficiary NHS Trust ‘The Royal Berkshire NHS Foundation Trust’ and the Corporate Trustee operates a scheme of delegation, through which all activity is

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Royal Berkshire NHS Foundation Trust Charity

managed. ‘Fund Advisors’ are responsible for the funds and its expenditure in accordance with the rules and regulations set out by the Corporate Trustee in charity and NHS Trust financial procedures and financial instructions. The Charity does not make grants to individuals. The total cost is disclosed in the activity analysis on the face of the Statement of Financial Activities. The grants received by the beneficiaries of each category of charitable activity are disclosed on page 15 and 16.

k) Governance costs

Governance costs comprise all costs attributable to ensuring the public accountability of the Charity and its compliance with regulation. These costs relate to statutory audit. Refer to note 6(a) on page 31.

l) Investment properties

Investment properties for which fair value can be measured reliably on an ongoing basis are measured at fair value annually with any change recognised in the Statement of Financial Activities.

The fair values are based on valuations estimated by third party professional values; however, where properties are acquired close to the balance sheet date, valuations are not obtained because the acquired properties are recorded at open market value upon initial recognition, which management considers to be a reasonable estimate of open market value at the balance sheet date. Property transactions are recognised on the date of completion.

Investment properties are derecognised upon disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from the disposal. Any gain or loss arising on de-recognition of the property (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in profit or loss in the period in which the property is derecognised.

Melrose House is an investment property which was revalued in March 2025. The fair value for the year ending 31 March 2025 is £295k.

The property Melrose House is rented currently exclusively to Royal Berkshire NHS Foundation Trust to support the delivery of diabetes healthcare services. In continuation of the existing agreement between Royal Berkshire NHS Foundation Trust and Reading District Hospitals Charity (RDHC), the charity has charged a reduced rent of £1.20 (£1 plus VAT) for the year. The property has been classified as an investment property as is held in the longer term for returns from rentals or capital appreciation.

m) Fixed asset investments

Investments are stated at market value as at the balance sheet date. The Charity investment advisors supply the valuation for the investment. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year.

n) Current Debtors

Debtors include amounts owed to the charity for the provision of goods and services and amounts the charity has paid in advance in the form of prepayments, for the goods and services it will receive. Also included are amounts not invoiced but accrued. Debtors are measured on the basis of their recoverable amount.

o) Current asset investments

Short term investments are classified as current asset investments. Short term investments represent cash funds held in investment deposit account (Government Banking Service) and are held at fair value. Investment deposits held in Government Banking Service are accessed when needed thus considered short term investments only. For more information, see note 10.

p) Current Liabilities

All the Charity costs incurred within the Royal Berkshire NHS Foundation Trust are fully rechargeable to the Charity therefore the Charity liabilities are payable to the intermediate entity, Royal Berkshire NHS Foundation Trust.

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Royal Berkshire NHS Foundation Trust Charity

q) Financial Instruments

The charity accounts for basic financial instruments namely financial assets and financial liabilities. A financial asset represents financial resources available to the charity and examples include financial investments in shares or bonds, debtors and cash. A financial liability is a financial claim on the charity’s resources and examples include loans, creditors and legal or constructive obligations, including provisions for grants payable.

r) Realised and unrealised gains and losses

All gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and book cost. Unrealised gains and losses are calculated as the difference between the market value at the year-end and opening market value (or market value at purchase date if later).

s) Staff costs

The Charity does not directly employ any staff. However, the Royal Berkshire NHS Foundation Trust undertakes all administration, accounting, financial reporting and fundraising support. The Trust charges for this service.

t) Pension costs

The Charity does not directly employ any staff and consequently has no pension costs. Staffs employed on the scheme are part of Royal Berkshire NHS Foundation Trust as a result there is no separate pension scheme for the charitable funds.

u) Post Balance Sheet Events (PBSE)

There were no adjusting or non-adjusting events subsequent to the balance sheet date.

v) Critical accounting judgements and sources of estimation uncertainty

In the application of the Charity’s accounting policies, which are described in note 1 above, the Corporate Trustees are required to make judgements, estimates and assumptions that have a significant impact on the amounts recognised and to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and any other factors that are considered to be relevant. Actual results may differ from these estimates.

Valuation of investment properties

During March 2025 an investment property valuation was undertaken for the building owned by the Charity. As part of this exercise, it was necessary for Newmark Gerald Eve LLP, an independent firm of professional Valuers, to assess the current market environment in relation to the value of the buildings and associated land, and come up with an estimate value of these land/building assets based on their assessment.

The valuation was prepared to comply with IFRS, specifically with regard to IAS 16 Property, Plant and Equipment, IAS 40 Investment Properties, Department of Health Group Manual for Accounts 2024/25 and to the Government Financial Reporting Manual (FReM) 2024-2025. All valuations are carried out in accordance with the Valuation – Global Standards 2022 of the Royal Institution of Chartered Surveyors (RICS).

The Trust’s subsidiary charity, The Royal Berkshire NHS Foundation Trust Charity’s estimated Fair Value of the freehold interest in the Investment Property known as Melrose House West as at 31 March 2025 is £295k.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

2. Related party transactions

The Royal Berkshire NHS Foundation Trust is the sole beneficiary of the Charity. During the year none of the members of the Charity Committee or member of the key management staff or parties related to them has undertaken any material transaction with the Charity.

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Royal Berkshire NHS Foundation Trust Charity

The Charity provided funding to the Trust for approved expenditure only.

The funding amounted to £1,400k (2023/24: £828k) and is included in the total expenditure costs as detailed on page 17. The creditor balance outstanding to the Royal Berkshire NHS Foundation Trust as at 31 March 2025 was £4k (2023/24 £2k).

The Charity has made payments to the Royal Berkshire NHS Foundation Trust where the members of the Charity Committee (whose names are listed below) were also members of the Board of Directors of the Trust, except for the Public Governor, the Patient Representative, Staff Representative, Director of Finance, Director of Communications and Engagement, Director of System Partnerships and Charity Director .

Bal Bahia Non-Executive Director - Chair
Graham Sims Trust Chair
Minocher Irani Non-Executive Director
Steve McManus Chief Executive
Michael Clements Director of Finance
Don Fairley Chief People Officer
Nicky Lloyd Chief Finance Officer
Caroline Lynch Trust Secretary
Jo Warrior Charity Director
John Stannard Patient Representative
Jonathan Barker Public Governor
Adenike Omogbehin Staff Representative
Sunila Lobo Public Governor

3. Corporate Trustee remuneration

None of the members of the Trust Board or senior Trust staff or parties related to them were beneficiaries of the Charity during 2024/25 or 2023/24.

The Corporate Trustee has not received honoraria, emoluments or expenses in the year in respect of the Charity. The Corporate Trustee has purchased Trustee indemnity insurance.

4. Investment Income

4.
Investment Income
5.
Support services – staff charges
Held
in UK
£000
Interest Income from fund deposit
191
Total
191		 2024/25
Total
£000
191
191		 2023/24
Total
£000
180
180

Finance Support pay cost
6b
Charity pay cost
Charity non-pay cost
Total staff support related charges		 2024/25
£000
40
340
35
415		 2023/24
£000
40
346
10
396

Total staff salaries was £380k (2023/24: £386k) and £35k for non-pay (2023/24; £10k). The pay cost charge includes staff time equating to 6.5 Whole Time Equivalent (2023/24: 6.5 WTE). There are no employees employed by Charity who received employee benefits of more than £60k.

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Royal Berkshire NHS Foundation Trust Charity

6(a) Governance costs

----- Start of picture text -----
Total Total
2024/25 2023/24
Funds Funds
£000 £000
Audit Fee - auditing of financial statements 21 10
Total 21 10
----- End of picture text -----

6(b) Apportionment of finance administration costs for the year

The total support costs incurred during the year 2024/25 was £40k (2023/24: £40k). These costs were apportioned, based on the total in year expenditure by charitable activity, across the Charitable Activities as follows and are distributed across unrestricted and restricted funds.

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
Charitable Activities - FY 2024/25 2024/25 2024/25 2024/25
£000 £000 £000
Purchase of Medical Equipment 6 2 8
Staff Education & welfare 4 - 4
Additional equipment, furniture & fittings 4 1 5
Building & Refurbishment 20 3 23
Total 34 6 40
Unrestricted Restricted Total
Funds Funds Funds
Charitable Activities - FY 2023/24 2023/24 2023/24 2023/24
£000 £000 £000
Purchase of Medical Equipment 4 2 6
Staff Education & welfare 2 - 2
Additional equipment, furniture & fittings 3 1 4
Building & Refurbishment 23 5 28
Total 32 8 40
----- End of picture text -----

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Royal Berkshire NHS Foundation Trust Charity

7. Investment properties

FY 2024/25
Fair value
Fair value at 1 April 2024
(Loss) on revaluation
Fair value at 31 March 2025
FY 2023/24
Fair value
Fair value at 1 April 2023
(Loss) on revaluation
At 31 March 2024		 Investment Property
Melrose House
Land
£000
190
190
-
190
Investment Property
Melrose House
Land
£000
200
200
(10)
190		 Investment Property
Melrose House
Buildings
£000
130
130
(25)
105
Investment Property
Melrose House
Buildings
£000
155
155
(25)
130		 Investment
Property Total
£000
320
320
(25)
295
Investment
Property Total
£000
355
355
(35)
320

The fair value of the Charity’s investment property at 31 March 2025 has been arrived at on the basis of a valuation carried out at that date by Newmark Gerald Eve LLP, independent RICS Registered valuers not connected with the Charity.

8. Analysis of fixed asset investments

8.
Analysis of fixed asset investments
Fixed Asset Investments:
Market value at 1 April		 2024/25
£000
20		 2023/24
£000
18
2

Net unrealised (loss) gain on investment (COIF)		 (1)
Market value at 31 March 19 20

Historical cost at 31 March 2025 was £20k (31 March 2024: £20k)

----- Start of picture text -----
Market value at 31 March Held Held 2024/25 2023/24
in UK outside UK Total Total
£000 £000 £000 £000
Pooled investment vehicle 19 0 19 20
19 0 19 20
----- End of picture text -----

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Royal Berkshire NHS Foundation Trust Charity

9. Debtors falling due within one year

----- Start of picture text -----
Balance 31 Balance 31
March 2025 March 2024
£000 £000
Accrued income 134 84
134 84
----- End of picture text -----

Accrued income in the year consists of 12 legacies amounting to £130k (2023/24 £67k) notified and due, but not yet received, and also consist Gift Aid of £4k (2023/24: £17k).

10. Cash and cash equivalents

10.
Cash and cash equivalents
Cash at bank and in hand
Amounts on deposit with Government Banking Service
Commercial banks
Cash and cash equivalents		 Balance 31
March 2025
£000
3,141
543
3,684
3,684		 Balance 31
March 2024
£000
3,235
899
4,134
4,134

Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. Highly liquid investments normally have a maturity of three months or less from the date of acquisition.

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Royal Berkshire NHS Foundation Trust Charity

11. Creditors: amounts falling due within one year

----- Start of picture text -----
Balance 31 Balance 31
March 2025 March 2024
£000 £000
Accruals 166 121
Other creditors 78 99
244 220
----- End of picture text -----

Other creditors all relates to amounts owed to 3[rd] party suppliers.

These amounts are unsecured, interest free and have no fixed date of repayment.

12. Financial Instruments

----- Start of picture text -----
Balance 31 Balance 31
March 2025 March 2024
Financial Assets £000 £000
Fixed asset investments 19 20
Trade and other debtors 134 84
Cash and cash equivalents 3,684 4,134
3,837 4,238
Balance 31 Balance 31
March 2025 March 2024
Financial Liabilities £000 £000
Trade and other creditors 244 220
244 220
----- End of picture text -----

All the Charity’s financial assets and liabilities, with the exception of cash held in UK banks, carry a nil or fixed rate of interest. The Trust is not, therefore, exposed to significant interest rate risks

The vast majority of charity monies are donated. These monies have been donated by members of the public, patients and staff. There is, therefore an inherent element of liquidity risk if donations fall significantly below current levels.

The majority of the financial contracts entered into by the Charity are with the Royal Berkshire NHS Foundation Trust, the intermediate parent of the Charity, which significantly reduces the risk of non-payment.

The Trust knows of no other specific risks relating to individual instruments.

13. Analysis of funds

This analysis is for each of the largest funds;

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Royal Berkshire NHS Foundation Trust Charity

13(a) Details of restricted funds

13(a) Details of restricted funds
Sue Godfrey Memorial
MG Harding
RDHC-R. O. A. P. Fund
RDHC-Cardiac Fund
RDHC-Eye Fund
RDHC-Kidney Fund
RDHC-Leukaemia Fund
RDHC-S. A. F. E. Appeal
RDHC-Stillbirth Fund
RDHC-Dingley Specialist Children's Centre
RDHC-Newbury Breast Care Fund
RDHC-Paediatric Audiology Fund
RDHC-Diabetes Centre Appeal
RDHC-Buggy Fund
RDHC-Children's Fund
RDHC-Reading Robot Appeal
RDHC-RBH Medical Retina Fund
RDHC-Stork's Fund
RDHC- Melrose House
RDHC-Others
Total		 Balance
1 April
2024
£000
12
24
33
290
21
36
31
11
-
4
4
6
14
-
13
9
12
6
320
51		 Incoming
Resources
£000
-
-
-
2
-
-
-
-
-
1
-
-
-
-
2
-
-
4
-
0
9		 Resources
Expended
£000
-
(12)
(7)
(33)
(21)
(4)
(4)
(11)
-
(1)
(1)
(5)
(2)
-
(13)
(1)
(1)
(10)
-
(37)		 Unrealised
gain/
(losses) on
investment
property
£000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(25)
-		 Balance
31 March
2025
£000

12
12
26

259
-
32
27
-

-

4
3
1
12

-

2
8
11
-
295

14
897 (163) (25) 718

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Royal Berkshire NHS Foundation Trust Charity

13(b) Details of unrestricted funds

Audiology
Cancer care
Cardiology
Chest
Child Medicine
COVID-19
Diabetic
Eye Funds
Gastroenterology
General Medical
Intensive Care
Knowledge & Development
Maternity & Gynaecology
NHS CT Grants
Pathology
Renal
Royal Berks General fund
Surgical
Umbrella
Total		 Balance 1
April 2024
£000
21
372
433
14
141
369
33
3
7
167
55
170
30
-
1
236
787
123
441
3,403		 Incoming
Resources
Resources
Expended
Balance 31
March 2025
£000
£000
£000
1
(4)
18
93
(110)
355
201
(217)
417
(2)
(12)
-
207
(225)
123
7
(65)
311
1
(14)
20
16
(6)
13
-
(1)
6
150
(52)
265
33
(33)
55
1
(130)
41
14
(27)
17
-
-
-
2
(3)
-
5
(177)
64
455
(317)
925
11
(12)
122
62
(123)
380
1,257
(1,528)
3,132

13(c) Details of endowment funds

This consists of two funds both in the names of MG Harding for the total value of £38k (2023/24 £38k). There has been no movement on the Endowment Fund balances as these funds are held as an investment and the interest income are distributed to all the funds.

14. Changes in resources available for Charity

Funds as at 1st April 2024
Net movement in funds for the year		 Unrestricted
Funds
£000
3,403
(271)		 Restricted
Funds
£000
897
(179)		 Endowment
Funds
£000
38
-		 Total
Funds
£000
4,338
(450)
Funds as at 31 March 2025 3,132 718 38 3,888

15. Commitments, liabilities and provisions

The Charity had no commitments at 31 March 2025 (31 March 2024 - nil).

16. Contingencies

The Charity has no contingencies (2023/24 nil).

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Royal Berkshire NHS Foundation Trust Charity

17. Reconciliation of net expenditure to net cash flow from operating activities

Net expenditure for the reporting period from operating activities
Adjustments for:
Interest from investments
(Increase)/Decrease in debtors
(Decrease)/Increase in creditors
Unrealised/realised losses on investments
Unrealised/realised loss on COIF investment
Net cash (used in)/generated by operating activities		 Total
2024/25
£000
(450)
(191)
(50)
24
25
1
(641)		 Total
2023/24
£000
(423)
(180)
290
(535)
35
(2)
(815)

18. The total expenditure on charitable activities for the Charity were as follow:

----- Start of picture text -----
Unrestricted Restricted 2024/25 2023/24
Funds Funds Total Total
£000 £000 £000 £000
Purchase of Medical equipment 610 46 656 347
Staff welfare and Education 200 11 211 149
Additional equipment, furniture and fittings 7 30 37 55
Research related expenditure & IT equipment 164 - 164 106
Building and refurbishment 77 2 79 153
Patient welfare and amenities 92 15 107 17
Total 1,150 104 1,254 828
----- End of picture text -----

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Royal Berkshire NHS Foundation Trust Charity

19. 2023/24 Statement of Financial Activities

19.
2023/24 Statement of Financial Activities
Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 Total
Funds
2023/24
Income and endowments from:
Donations		 £000
409		 £000
6		 £000
-		 £000
415
Gift Aid 41 - - 41
Legacies 50 12 - 62
Fundraising 115 - - 115
CH Trust & Grants
Other trading activities
Other Income
Income from investments
Total income
Expenditure on:
Raising funds
Governance costs – Audit fee
Charitable activities:
Purchase of medical equipment
Staff education and welfare
Purchase of additional equipment,furniture and
fittings
Research related expenditure including purchase
of medical and IT equipment
Building and refurbishment
Patient welfare and amenities
Total expenditure
Net gains on investment assets
Net expenditure
Net losses on revaluation
Net movement in funds
Reconciliation of Funds		 -
12
18
180		 -
-
-
-		 -
-
-
-		 -
12
18
180
825 18 - 843
(305)
(10)
-
(270)
(144)
(33)

(102)
(60)
(17)		 (91)
-
-
(77)
(5)
(22)
(4)
(93)
-		 -
-
-
-
-
-
-
-		 (396)
(10)
(347)
(149)
(55)
(106)
(153)
(17)
(941) (292) - (1,233)
- 2 - 2
(116) (272) - (388)
- (35) - (35)
(116) (307) - (423)
Total funds brought forward 1st Apr 2023 3,551 1,172 38 4,761
Net movement in funds (116) (307) - (423)
Transfer between funds (32) 32 - -
Total funds balances carried forward 3,403 897 38 4,338

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Royal Berkshire NHS Foundation Trust Charity

20. 2023/24 Balance Sheet

Fixed Assets
Investment property
Investments
Total fixed assets
Current Assets
Debtors		 Unrestricted
Funds
£'000
-
20
20
84		 Restricted
Funds
£'000
320
-
320
-		 Endowment
Funds
£'000
-
-
-
-		 Total Funds
31-Mar-24
£'000
320
20
340
84
Cash at bank and in hand 3,519 577 38 4,134
Total current assets
Current Liabilities:
Creditors: Amounts falling due within one year
Net current assets
Total assets less current liabilities
Total net assets
The Funds of the Charity		 3,603
(220)
3,383
3,403
3,403		 577
-
577
897
897		 38
-
38
38
38		 4,218
(220)
3,998
4,338
4,338
Restricted Income Fund
Unrestricted Income Fund		 -
3,403		 897
-		 -
-		 897
3,403
Endowment Funds - - 38 38
Total charity funds 3,403 897 38 4,338

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Royal Berkshire NHS Foundation Trust Charity

Donations including Gift Aid Declaration

Royal Berkshire NHS Foundation Trust Charity (1052720)

The Charity supports the Royal Berkshire NHS Foundation Trust, which is one of the largest district general hospitals in the country. Voluntary donations from the public are very much welcomed in order to complement the services the Trust provides to patients.

Any donation is appreciated to assist in providing support to the Trust’s patients and staff. We would like to remind all donors of the Gift Aid arrangement with HMRC whereby the Government donates to the Charity as well.

A ‘Gift Aided’ donation will be increased by 25% (Basic rate taxpayers) meaning more money goes to helping the Hospital. Please complete the “Gift Aid Declaration” form on page 41 if wishing to utilise the Gift Aid donation facility.

Donating is easy and can be done a number of ways:

Royal Berks Charity Royal Berkshire Hospital London Road Reading RG1 5AN

Page 40 of 41

Royal Berkshire NHS Foundation Trust Charity

Gift Aid Declaration

Are you a UK taxpayer? If so, you can use Gift Aid to make your donations go further by completing this declaration. Doing so will mean that we can claim up to 25p extra for every £1 you give, at no additional cost to you! There is absolutely no obligation to make further donations but should you decide to do so we will be able to claim Gift Aid on these donations as well.

Declaration

Please treat all donations I make or have made to The Royal Berks Charity for the past 4 years as Gift Aid donations until further notice. I am a UK taxpayer and understand that if I pay less Income Tax and/or Capital Gains Tax in the current tax year (6 April to 5 April) than the amount of Gift Aid claimed on all my donations across all charities, it is my responsibility to pay any difference.

Signed: ______ Date of declaration: __ Your details Title First name Surname*

Home address*

Email

Postcode* Phone

*These details are required to make a valid Gift Aid claim

Small but important print

Gift Aid is reclaimed by the charity from the tax you pay for the current tax year (6 April to 5 April). You can cancel this Declaration at any time by notifying the charity. Your home address is needed to identify you as a current UK taxpayer.

Please notify our charity if you:

When completed, please return to:

Please return

The Royal Berks Charity FREEPOST RSKX-HGXC-CTKJ Royal Berkshire Hospital London Road Reading Berkshire RG1 5AN

Page 41 of 41