**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:
- Providing the highest quality care for all
- Investing in our people and living out our values
- Delivering in partnership
- Cultivating innovation and improvement
- • Achieving long-term sustainability
## **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:
- play a key role in the development of first class healthcare for the communities served by the Royal Berkshire NHS Foundation Trust.
- support health improvements by the Royal Berkshire NHS Foundation Trust which enable people to live healthier lives.
- respond to particular health needs in ways that will reflect local and national health policy.
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**
- To raise the profile of the Charity with a view to encouraging fundraising and giving.
- To raise awareness of the Charity’s charitable activities and the public benefits arising from this.
- To deliver the Charity strategy 2024 - 28, maximising opportunity to build income that provides a prudent mix of donations and sustainable resources which seek to achieve an appropriate balance between unrestricted income and project related funding.
- To identify a programme of significant modernisation and investment projects to be funded by major appeals which must be to the public’s benefit.
- To assist the Trust in service improvements, innovation and development.
- To ensure that the Charity is run efficiently and effectively, taking full account of the principles and practice of good governance.
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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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the SORP (Charities Statement of Recommended Practice);
- make judgments and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed; and
- prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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:
- Mrs Priya Hunt: Non-Executive Director (Apr 2024 – Sept 2024) resigned
- Mr Don Fairley: Chief People Officer (Apr 2024 - May 2024) replaced by Chief Financial Officer
The following joined the Charity Committee during the 2024-2025 financial year:
- Dr Minocher Irani: Non-Executive Director (Sept 24) replaced Priya Hunt, Non-Executive Director
- Nicky Lloyd: Chief Finance Officer (Sept 24) replaced Chief People Officer
The following joined the Charity Committee after 31 March 2025:
- Ms Helen Troalen: interim Chief Finance Officer (Aug 25 – present)
- Ms. Catherine McLaughlin: Non-Executive Director - Chair (May-25)
- Mr. Oke Eleazu: Trust Chair (April-25)
- Mr. Umesh Jetha: Non-Executive Director (July-25)
The following directors stood down from the Charity Committee following 31 March 2025:
- Dr. Bal Bahia: Non-Executive Director (Apr-25)
- Mr. Graham Sims: Trust Chair (Apr-25)
- Mrs. Nicky Lloyd: Chief Finance Officer (June-25)
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:
- a) satisfy themselves that best practice is followed in terms of guidance from the Charity Commission, National Audit Office, Department of Health and Social Care, and other relevant organisations;
- b) ensure that the appropriate policies and procedures are in place to support the Charitable Funds Strategy and to advise Fund Managers on income and expenditure and that this is reviewed at regular intervals;
- c) develop the Foundation Trust’s Charitable Funds Strategy and on an annual basis recommend changes to the Charity Board where appropriate;
- d) obtain assurance that a separate register of interests is compiled for both Trustees and Fund Managers, and that this is reviewed and updated on a regular basis;
- e) approve fundraising policies that comply with statutory requirements in conjunction with the Charity Board and CFO;
- f) on an annual basis, review and recommend income and expenditure plans, compiled from Fund Managers’ detailed plans, ensuring that they complement the strategy;
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Royal Berkshire NHS Foundation Trust Charity
- g) seek assurance that an effective mechanism exists whereby equipment needs are identified and satisfied, within resource constraints, through an equitable bidding process underpinned by business plans;
- h) receive assurance that all research monies paid into charitable funds meet the criteria for charitable status as specified by the Charity Commission;
- i) review the number of funds on an annual basis and undertake a programme of rationalisation, where appropriate;
- j) keep the equivalent of one year’s running costs in reserves.
## **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:
- Mrs Priya Hunt: Non-Executive Director (01 Apr 2024 – 30 Sept 2024), resigned 30 September 2024.
The following joined as Directors of the Corporate Trustee after 31 March 2025:
- Mr. Oke Eleazu: Chair of the Trust (Apr 25)
- Ms. Helen Troalen: interim Chief Finance Officer (Jun 25)
- Mr. Umesh Jetha: Non-Executive Director (Jul 25)
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:
- Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor; the Charity’s restricted funds were established in line with Charity Commission guidelines. .
- Unrestricted funds comprise those funds which the Corporate Trustee is free to use for any purpose in the furtherance of the charitable objects, including those which have been designated for use in a particular area; and
- Permanent endowment funds are funds where the donor has expressed 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 spend the capital.
Donations and gifts received by the Charity are allocated to the appropriate fund within the existing fund structure:
- Where donations are given without any restrictions, these are treated as unrestricted funds.
- • Where donations are received with specific, binding restrictions set by the donor, these are recorded as restricted funds to ensure they are ringfenced and used solely for the intended purpose.
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:
- Risk management policies and procedures
- At all Charity Committee meetings financial reports are presented along with reports from the Charity Director giving details of future events and campaigns including areas of concern in relation to resources available to the Charity
- An effective mechanism exists whereby needs are identified and satisfied within resource constraints through a bidding process. All equipment purchased by the Charity is recorded in a register
- Robust processes are in place for the approved spending of funds
- The use of funds is regularly reviewed to ensure these policies are followed, and funds are spent in accordance with the objects of the Charity and in compliance with the established rules and regulations including set authorisation limits as per the _Charitable Funds Guide_ , ensuring that no official order is placed until all appropriate approvals have been obtained
- The use of funds is regularly reviewed to ensure that both spending and firm financial commitments remain in line with income and fund balances
- Investments are regularly reviewed by management to mitigate any possible losses that could arise therefrom.
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:
- the purchase of additional and improved medical equipment
- the refurbishment of patient and staff areas
- the development of staff knowledge and skills through training and education
- the provision of items that support patient and staff wellbeing
## **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:
- Helping to buy the most up-to-date equipment
- Supporting rebuilding and refurbishment projects
- Providing better facilities for patients and visitors
- Improving staff well-being and training for the benefit of patient care
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:
- Purchase of an ultrasound machine for the Renal Unit, for safe and accurate insertion of acute dialysis lines and the performance of renal biopsies.
- Advanced immobilisation equipment for the Radiotherapy Department, enabling more precise and efficient delivery of cutting-edge treatments. This equipment supports the implementation of highly targeted techniques such as Stereotactic Ablative Radiotherapy (SABR), expanding the department’s ability to offer advanced cancer therapies with greater accuracy and improved patient outcomes.
- Four upgraded incubators for our intensive care neo-natal unit, each equipped with integrated bilirubin lights to provide essential jaundice treatment when needed. The state-of-the-art incubators support the safe care of premature and unwell newborns, providing a controlled environment that promotes recovery and reduces the need for separate phototherapy equipment.
- Upgrade of paediatric monitors in both the neonatal unit and the paediatric high dependency unit, provide continuous, portable accurate tracking of vital signs.
- Two multi-channel sleep study monitors to increase diagnostic capacity within the sleep service. These devices enable more patients to be assessed for conditions such as sleep apnoea, helping to reduce waiting times and support earlier intervention and treatment.
## **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:
- Conversion of an existing therapists’ office into a dedicated Transient Ischaemic Attack (TIA) Clinic, to enable the TIA Clinic to be co-located within the Acute Stroke Unit (ASU), and ensuring a more streamlined, coordinated clinical pathway for patients experiencing minor strokes.
- Refurbishment of the South Block staff tea room, creating a more comfortable and welcoming space for staff from multiple departments, including Pathology and Haematology. The improved facilities support staff wellbeing by providing a dedicated area for rest and recuperation during breaks, helping to promote a healthier and more supportive working environment.
- Modernisation of the Jim Shahi Unit’s Cardiac Catheter office space, enhancing the working environment for clinical and administrative staff, and supporting productivity and comfort.
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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:
- New furniture suites in The Eating Hub, the hospital’s main staff and visitor restaurant, to create a more welcoming and comfortable dining environment. The refreshed seating layout improves accessibility, ensuring the space is more inclusive for individuals with disabilities and mobility needs.
- 18 new reclining chairs for maternity to enable birthing partners to stay comfortably overnight alongside mothers in the caesarean family bays and the delivery suite, allowing families to stay together and supporting a more inclusive and compassionate birthing experience.
- Four new wheelchairs for Bracknell Healthspace, one of the Trust’s satellite sites. These additional wheelchairs improve accessibility and patient flow, helping to ensure patients can move around the facility safely and with fewer delays.
- RITA (Reminiscence/Rehabilitation & Interactive Therapy Activities) devices for the Emergency Department. These digital therapy tools provide calming, engaging activities such as music, films, and memory games, helping to reduce anxiety, agitation, and confusion for patients, particularly those living with dementia or cognitive impairments, during their time in a busy emergency care environment.
## **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:
- Further education including Postgraduate Certificates in Healthcare Education for recently qualified doctors, and MSc programmes in Biomedical Sciences for pathology healthcare scientists. Funding also enabled staff in other specialties to pursue advanced training in Healthcare Leadership, strengthening leadership capacity across the Trust.
- Training and professional development courses for numerous specialty areas such as respiratory, cardiac, cancer and research. Funding also supported staff to build expertise through opportunities such as the Learning Disabilities Conference and Sage & Thyme facilitator training.
- Team development sessions strategic planning, collaborative problem-solving, and knowledge-sharing. Charitable funding also supported staff recognition initiatives, such as the Trust’s CARE Awards, which celebrate excellence and acknowledge the outstanding contributions of individuals and teams across the organisation.
## **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:
- Balancing investment risk with a bias towards avoiding losses;
- Protecting Capital against Inflation; and
- Covering Short Term Cash Requirements.
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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
- In our opinion the financial statements of Royal Berkshire NHS Foundation Trust Charity (the ‘charity’):
- give a true and fair view of the state of the charity’s affairs as at 31 March 2025 and of its incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”; and
- have been prepared in accordance with the Charities Act 2011 and the trust deed.
We have audited the financial statements which comprise:
- the statement of financial activities;
- the balance sheet;
- the statement of cash flows; and
- the related notes 1 to 20.
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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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:
- had a direct effect on the determination of material amounts and disclosures in the financial statements. These included the Trust Deed, Charities Act and Charities (Accounts and Reports) Regulations 2008; and
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- do not have a direct effect on the financial statements but compliance with which may be fundamental to the charity’s ability to operate or to avoid a material penalty.
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:
- potential for fraud regarding whether legacy income has been recognised in the correct year: we understood the key controls and inspected evidence on a sample basis to confirm that income was recognised in the correct year; and
- potential for fraud regarding whether legacy income and donation income is correctly classified in terms of restricted or unrestricted income: we understood key controls and agreed correspondence from donors and approved fund requisitions to confirm that this was recognised correctly in terms of restricted and unrestricted income.
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:
- reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- enquiring of management concerning actual and potential litigation and claims, and instances of noncompliance with laws and regulations; and
- reading minutes of meetings of those charged with governance and reviewing correspondence with Charity Commission.
-
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:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
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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## **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
- CIP (Capital in perpetuity) MG Harding – Staff
- CIP (Capital in perpetuity) MG Harding – Patients
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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All incoming resources; donated goods, facilities and services must be recognised as income by the charity when the following criteria are met:
- Entitlement – when control over the expected benefits that flow from the donation has passed to the charity.
- Probable – it is more likely than not that the economic benefits associated with the donated item will flow to the charity.
- Measurement – the fair value or value to the charity of the donated item can be measured reliably.
Donated goods must be measured at their fair value, unless it is impractical to measure reliably the fair value of donated item(s).
- Where there is no direct evidence of fair value for an equivalent item, a value may be derived from:
- the cost of the item to the donor; or
- in the case of goods that are expected to be sold, the estimated resale value after deducting the cost to sell the goods.
## **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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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.
Page **28** of **41**
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.
Page **29** of **41**
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.
Page **30** of **41**
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 -----**
Page **31** of **41**
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 -----**
Page **32** of **41**
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.
Page **33** of **41**
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;
- Royal Berkshire General Fund (Note 13b only)
- Umbrella Fund (Note 13b only)
Page **34** of **41**
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**|
Page **35** of **41**
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).
Page **36** of **41**
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 -----**
Page **37** of **41**
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**|
Page **38** of **41**
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**|
Page **39** of **41**
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:
- **Online via our website:** visit www.royalberkscharity.co.uk and click ‘Donate Now’
- **Via bank transfer:** please call the charity team on 0118 322 8860 for our bank details
- **By debit or credit card:** please call the charity team on 0118 322 8860 to make a card donation
- **Cheque:** please make your cheque payable to ‘Royal Berks Charity’ and post it to the following address:
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:
- want to cancel this declaration;
- change your name or home address;
- no longer pay sufficient tax on your income and/or capital gains.
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**