REGISTERED CHAIUTY NUMBER.. 1052727 ort of the Trustees and Una ited inanei I Staleme ts for the Ye r Ended 31 for umber eachin hArita HS Found tion eFun rus 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HU13TG
Humber TeachiD NHS Foundation Trust Charitable Funds Contents of the FiDan¢ial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report StatemeDt ofFIDaDeial Aetivltles Balance Sheet 10 Cish Flow Statement Notes to the Cash Flow Slatement 12 Note$ to tbe Finau¢ial Ststem¢nts 13 to 19 Detaljed Statement of FiDaneial Aetivitleg 20 to 21
Hurnber Teachin NHS Foundation Trust Charitable Funds tsrt of the Trvstees for the Year Ended 31 March 2024 The Trustee present the aTJnual report and financial ststements for Health Stars Chgrity. Covering ihe operational year ending on 31 March 2024. The charity has adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charilies prepating their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repub]ic of Ireland (FRS 102) (effective l January 2019). Tl)roughout 2023J2024, Health Stars Charity, working name for HuDiber Teaching NHS Foundation Trust Charitabl¢ Funds, continued its proactive approach. Despite coming out of the gjobal pandemic, the Tntst maintained its "good. rating from the Care Quality Commission (CQC), showcasing the positive impa¢t of collaborative efforts between TNst staff teams and the charity. The Ye saw noteworthy chang¢s in the staffing structure at Health Stars Charity. While traJ)sitions brought fresh perspectives and talents to the team, they also posed initial challenges in maintaining ¢ontinuity. Through effective leadership and commitmenl the organisation SessfUllY integrated new l¢am members. fostering a collaborative and innovative work environment. Tbe Charlty served a5 8 catalyst for care that surpassed core NHS s¢rvices. providing comfort and memorable experiences for patients and their families. Health Stars positioned itself to 5UPPOrt both capital proje¢ts and small-scal¢ changes that significantly impact th¢ well-being of patients. carers, and employees. Fund requests to Health Stars (wishes) supported enhanced resources, including items and equipm¢nt for those living with dementia, tlierap¢utic garden equipment, sealing for outdoor intera¢tion4 and support for mentsl health awareness days and Christtnas activities. The Charitable Fund's Cornmittee, working closely with the commissioned ¢harity serYice8 provided by HEY Smile Foundation, effectively executed the Trustees, responsililitie As the cost of living increased for many households, the charity looked at new innovative ways to fvndraise includthg increasing engagement with corporate partners and suppli¢rs. Efforts were made to refresh tlie charity and enhance staff awdreness of ils impact. A ¢lose working relationship with the Trust communications team sets the stage for further wwth and evolution in 2024r2025. A notable ev¢nt in 2023 was the CEO Challenge. where Michelc Moran took on a day-long d8n¢e challenge to celebrate the 75th birthday of the NHS.This engaging event not only raised funds but also garnered support from generous sponsors, partsiers, and suppliers. The day-long danctra-thon began with music from 1948, tl)e year in which tbe NHS was created, and then moved through the derAdes and fmished with current day hits. Michele was joined on the journey by staff froni across our teams and included dance 1¢5s0ns in tradirional African and Irish dancin& The unforeseen passing of Her Majesty The QueeD prompted the rescheduling of the planned Golf Day at short notice, an event of significance for Health Stars Cbarity. Despite the logistical challenges, the organisation deJDonstrated resilience and adaptability. SensitivÈty to the Dational mood ivas pardmount. and th¢ decision to ffschedule was made in collaboration wilh partners, sponsors and supporters. A heartfelt thank you AS extended to all supporters who contnl)uted to Health Stars during 2023124. The charity 15 a testament to partnership WOTking, ensuring the best resources are available for ihe evolving needs of healthcare across the Humber Teaching NHS Foundation Trust service area. The Humber Teaching NHS Foundation Tntst and its executive and non executive team remain conmiitted and passionate about charitable fimds witbin the Humber Teaching NHS Foundation Trust and look forward to reporting on successes over the J)ext three years and beyond. Page I
Humber Teachin NHS Foundation Trust Charitable FuDds Re ort of tbe Trnstees for the Year Ended 31 March 2024 Vision: Health Star5 envisions contributing to a thriving health¢are environment for NHS teams And their patients by embracing generosity and investing in innovation. Mission: To promote Ihe development of exceptiODal healthcare beyond NHS core services through investments in people, environment5, resources, trainin& and researclL OBJECTIVES AND AcfIviTIES Significant activities In the reporting y¢ar. Health Stsrs continued to develop and owate a clear and transparent system to a¢cess charitable funds a¢ros$ the Hllmber Teaching NHS Foundation Trnst services, The Circle of Wishes, for patienL car¢r and employee benefit in line with the objects of tbe charity and spetial puryose fimds. The central fiwd has NHS wide objertives and shall hold the tnjst fimd upon Hunther Teaching NHS Foundation Trust to apply the iD¢ome at their dis¢retion so faT as pemjissible, the capAtrL for any ¢haritable purpos¢ relating to the NHS. As highlighted in the reporting year, 60 requests for enhancements were delivered by the Chatity. Work is underway to r¢fresh the charity and grow staff awareness of the charity and how charitabl¢ fiu)d$ can be accessed in order to nJak¢ a difference to service areas within Humber Teaching NHS Foundation Trnsl. A close working relationship has beett est8blkshed with the Trust corntnunication5 team dnd we anticipace that 2023r2024 will see further growth and evolvement for Health Stars. Public benefjt The public benefit is fither tested through the Wish pro¢e55 by ¢anying out the following asks of each wisbee; - Is the Wish an enhancement of the current slatutory.provision Explain how the patient or patients WIEI see a benefit - Finally, would you put a pound in a coll¢¢tion box for this ask (Public perception). ACHIEVEMENT AND PERFORMANCE Fllndrai5jDg activities In the r¢porting year. th¢ TTUStees continued to commission the HEY Smile Foundation to deliver the operations of the charity and provide additional strategi¢ leadership. Along with the supportive leadership of the CoTporat¢ TrLtstee, Principal advisor and patient and carer eDgagement enables us to decide upon the most beneficial way to use the charitable funds held and donated within the year. The Charity also corAtinues to receive communication from our investment bankers CCLA Investment Manag¢meni Ltd (COIF Charitable Funds), the CFLarity Conunission and Health Siars is an active member of the NHS Charilies Togetljer. Health Stars has expanded its fundraising efforts to match the ambition of the Trustees to provide Breatsr access to charitable funds to its benefjciaries acros5 the Humber Teaching NHS Foundalion Trust servi¢e area. Therefo our income now derives from individuals, corporate supporters, ant-giVing trusts, direct donations from gratefvl familie5 and OUT range of fundraising activities. FINANCIAL REVIEW Investment policy and objectives 11)e Charity has a deposit account with CCLA InvesthKnt Management Ltd (COIF Charitsble Trlmds). Dividends are paid into a high-Anterest deposit account which remains greater than a standard curTent account. The Charity also has 51 O COIF Charities Investhient fund iticome units with a value of £9,556 at the end of March 2024. The Charitable Fund's Con]mittee reviews the inveslments and banking amng¢men15 taking advice from our professional advisors each year. There were no additional investments OT Tealised Tnvestnjents during 202312024 Page 2
Humber Teachin NHS Foundation Trust Charitable Funds ort of the Trustees ror tlje Year Ended 31 March 2024 FINANCIAL REVIEW Reserves policy Our reserve poliry states to have a minimum of six montbs of operating costs in the bank. ' FUTURE PLANS The aims and objectives for the next twelve months are to continue to work to deliver on our three-year strate. The strategy is framed around five key workstr¢ams: Income 8efterdtion to support a three.year delivery plan Internal r¢lationships, aw8renes5 and impact maxirni$ation External communications, marketing and ¢ommunity positioning Improved working with fund guardians New more effective Circle of Wishes rystem and new website In addition to the workstream5. three key priority areas have been identified for 2023124 as follows: Build a network of Charity Champions Greater engagement with clinical teaTns Energi5ing the fvnds Our charilabJ¢ expenditure will continue to be de¢ennined by the requests from staff aud patients may in¢lude the following areas of spend.. Purchase of Medical equipfftcnt Enhancement of patient fa¢Tlities Support of research proj¢cts Page 3
Humber Teaehin NHS FoundalioD Trust Charitsble Thnds Re ort of the Truslees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Ch74rity Structure The Cliarity wa5 incorporated by a de¢lardtion of trust deed dated 15th January 1996 and all funds held on Tn]st as at the date of registratlOD was either part of the unrestricted fid5. designated or restricted fund5. These funds are allooatell under an Umbrella charity. The Coryorat¢ TN5tee lfil5 its legal duty by ensuring tbat fimds are spent in accordance with the objects of each fund. By designatkng fimds, the Charity respects the wishes of our generous donors to benefit patient care and advance the good heallh and welfare of patients, careTS and staff. Wh¢re funds have been received which have specific restrictions set by the donor, the donation will be ring-frnced for a 4>ecifi¢ area within the broader relevant fimd. The charitable funds avtilabje for spending are allocaied to specialities within the Humber Teaching NHS Foundation Trusvs Dir¢¢torate management structure. Each allocation is managed by use of a deSited fund within the general unrestricted funds. The Trnst Board are the Corporate Trustee, The Trnst Board consists of Executive and Non-Executive Directors. Executive DiIectors are subject to the Tnlsl's recruitment policies. The Chair gives new members of both the Humber Teaching NHS Foundation Trust Board and the Charitable Funds Committee a briefing on the current policies and priorities for th¢ charitable funds. A guided tour of th¢ beneficiary Humber Teaching NHS Foundation Trust's facilittes and ally additional training that their role(s) may require is also offered. Acting for the Corporate Trustee, the Charitable Funds, Committee is respoDsxble for the overnll management of the Charitable Funds, The Committee is required to: Provide support, guidance and encouragement for all its inconie-Taising activitie5 while managiDg and monitoring the r¢ceipt of all income. ConlroL manage and monitor the use of th¢ fimds resources. Ensur¢ that "best PTactice" is followed in the Conduct of all lis affairs and fulfilling all of its legal responsibilities. Ensure that the Investhient Policy approved by the Foundation Trust Board, a5 Corporate Trusree, is adhered to and that perfornianc¢ is Continually reviewed while being aware of ethical considerations. Keep the Humber Teaching NHS Foundation Trust Board fully infozJned on the aclivity. perforn]gnc¢ and risks of the Charity. The accounting r¢cords and the day-loaY administratlOD of the fimds are dea]t with by the Finance Dep&rtment and the Health Stars Charity manager, bas¢d at Hwnber Teaching NHS Foundation Trust, Beverley Road, Willerby. East Yorksbire. The fundraising, grant-maklng and other administration of fimds is dealt with by The Health Stars at the same address. Page 4
Humber Teacbin NHS Foundation Trust Charitable Funds Re ort of the Trustees for the Year Ended 31 iTrfarch 2024 STRUCTURE, GOVERIYANCE AND MANAGEMENT ' Principal charitable fund advisor to the board Under a scheme of del¢gat¢d authority approved by the Corporate Trnstee, th¢ principle charitable fund advisor has overall responsibility for the manageThient of the Charitable Funds. The arrangements for approval of charitable fid expenditure under the scheme of delegation of the Corporate Trustee. are as follows: Delegation limit5 Up to £1,000 Auiborisation from Health Stsrs Fundraising Manager and Fund Gugrdian £1,001- £4,999 Further authorisation from Director of FIThae and Service Lead £5,000 - £25,000 Further authorisation from Charitabl¢ Funds Committ¢¢ £25.00 l and above To b¢ noted by Humber Teaching NHS Foundation Trust Board via as5rn¢e report The fmanc¢ oificer acts as the principal officer overseeing the day-to-day fmancial management and a¢counting for the charitable fiu]ds during the year. Operational support to the financial administration ¢onlinue5 lo be provided by HEY Smile Foundation. The Independent Examiners are 360. Chartered Accountants based in Hull. All the fmaiicial procedures are opetated through the XERO finance system. Key personnel The HumbeT Teaching NHS Foundation Tnt Chief Executive and Chair take an active interest in the Charity aiding its delivery and priority alongside the following. Execulive Lead for Health Stars- Director of WorkfoTce and OD Tea¢hing NHS Foundation Trust Chair of Cbaritable Funds Conimittee CEO of Hull and East Yorkshire Smile Foundation Head of Smile Health FundsatSlDg manager and Head of Smile Health Working in wartD¢rshlp We are delighted to work with a range of community partners including tbe range of League of Friends across our service area. Lxk¢wise, we look io work with funders not just request investtnent wliether they are corporate, community paTtners or individual donors. Risk management The Corporatc Trustee is responsible for managiDg risk iswes for the Charity, which is underpinned by. the internal policies and procedures of the Humber Teaching NHS Foundation Trus¢ including" Code of Conduct" Standing Orders; Standing Financial Instructions and Scheme of DelegatioD' Charilable procedures fimdraising It managemenl" and Fraud Policy. In the reported year, no major risks to which the Charity is exposed have been identified and considered. They have been reviewed and systerns established lo mitigate those risks. The most significant risk identified is ihe ¢hallenge to fundraising in the pandemic ¢nviTonm¢nt, whilst we saw. us begin to exit ihe pandemic. events did not go ahead as plwmed and had to be ¢an¢elled resulting in lost inconie. All risks are carefully considered, and there are procedures in place io review the reserves policy and to erjsure both spending and fitm financial conunitments remain in IEne with income. Income and expenditure ar¢ regularly moDltwed. ListiDgs of incorrie and expendin¢ and the balarjce on individual funds are examined on a rnonthly basis to detect trends as part of the Ti5k management Process to avoid unforeseen calls on ieserves. Page 5
Humber Teachin NHS Foundation Trust Charitable FuD(Ls rt of the Trustees for the Year Ended 31 Mar¢h 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Chxrity number 1052727 Princip21 address Finallce Departrnent Mary Seacole Building Beverley Road, Willerby Hull East Yorkshire HUIO 6ED Trustees Charitsble funds received by the Charity are accepted, held and administered as Funds and Propety Held on Trust for purposes relating to the health service in accordan¢¢ with the National HeaIth Servic¢ Ac1 1977 and the National Health Service and Community Care Act 1990. Thesc funds are held in Trust by the ¢orpoTat¢ body. The Humber Teaching NHS Foundation Trust is the Corporate Truste¢ of Éh¢ Charitsble Fullds governed bj the law applicable to Trusts. principally the Trustee Act 2000 8nd the Clwitics Act 2011. The Humber Teaching NHS Foundation Trust Board devolved responsibility for the on-going management of fimds to the Charitable Funds Committee that administers the funds on behalf of the COOrate Trustee. The names of thos¢ p¢ople who serve as agents for the corporate Tntstee, as pemiitted under r¢gul&tion 16 of the NHS Trusts (Membership and Procedures) Regulations 1990, is as ftillows as at 315t March 2024. Ms Coroline Flint Chair, NOn-ExUtive Director Mrs M Mor8A Chief Executive Mrs H Gledhill Director of NuTsin&' Allied Health and Social Car¢ r P Beckwith Director of Finance Mr M Smith Non-Executiv¢ Dire¢tor Mr F Patton Non Executive Director Mr D Royles Non-Executive Director Mr Hanif Malik Non-Executive Director, left September 2024. Mr Stuart McKinnon-Evans Non-Ex¢cutive Director MT Phillip Earnshaw Non-Ex¢cutiv¢ Director Mr David Smith Non-Executive Director, started October 2024. M5 Priyanka Perera Non-Exe¢utive DirecloT. Started O¢tober 2023 Mr S McGowan Director of Workforce and OTganisationa] DevelopDJent MTS L PkInsOn Chief Operating oificer Dr Kw8rne Opoku-FofJe The Directors do not receive iemuneralion or expenses from the Chariry. Independent Examiner 360 Accountants Limited 18-19 Albion Street Hull East Yorkshire HUI 3TG Page 6
Humber Teachin NHS Foundation Trust Charitable Fund5 Rt rt of tbe Trnstees for the Year Ended 31 March 2024 REFERENCE AND ADMIIYISTRATIVE DETAILS Bankers National Westminster Bank Pl¢ 34 King Edward Street Hull East Yorkshir2 HUI 3SS Approved by order of the board of trustees on . Mr P Be¢kwith - Trustee Page 7
KDde endent ExamÈne¢s Re rt to the Trustees of Humber Teachlniw NHS Foundation Trust Charitable Funds Independent examiner's report to the trustees of Humber Teaching NHS Foandation Trust Charitable Funds I report to the charity trLiStees on my examination of tbe a#ounts of Humber Teacbing NHS Foundation Trust Charitable Funds (the TTUSt) for the year ended 31 March 2024. Respon5ibiliCIos and basis of report As the Chlty trustees of the Trnst you are responsible for th¢ preparation of the accounts in ac¢ordance with the requiremen15 of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trnsys accounts carried out under SectÉon 145 of tbe Act and in carrying out my examination I bave followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the A¢t. Independent exan)Intr's statement I bave completed my exarnination. J confjnn Ihat no material rnatters have come to my attention in ¢onnedion WAth the examination giving me cause to believe that in aDy niat¢rial respe¢L accounting re¢ords were not kept in respect of the Trust as required by S¢¢tion 130 of the or the a¢¢ounts do not accord with those records. or the accounts do not comply with tbe applicable requirements con¢eming the forn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirenient that the accounts give a true and fair view which is not a matter considered as part of an ind¢pendent examination. I have no concerns and have come across no other matters in Connection with the examination to which attention shoiild be drdwn in this report in order to enabl¢ a proper understanding of the accounts lo be reached. Sophie Holmes FCCA ACA 360 Accountants Limited 18-19 Albion Street Hull East YoTkshire HUI 3TG Date: ... go I: lis Page 8
Humber Teachino NHS Foundation Trust Charilable Funds StaÉethent of Financial Activities for the Year Ended 31 March 2024 3113124 Total 3113123 Total fimd$ Unrestrithd fijnd Restrlcted fjjnd Endowment fimd Notes JNCOME AND ENDOWMENTS FROM Donations and legacies 14,953 14,953 25,144 Charitable activitles Patient Education, Welfare & Amenities 43J20 43P20 46,500 Investnlent income 18,118 18,118 6,611 Total 33,071 43,320 76J91 78,255 EXPENDITURE Oly Cbaritable activ5ties Patient Education, Welfar¢ & Amcnilies 16026 16,826 170,749 50] soi Other Tolal 17?27 17J27 170,749 Net gainsl(losses) on investments (360) NET INCOMEI(EXPENDITIJRE) 15,744 43,320 59,064 (92,854) RECONCILIATION OF FUNDS Total funds brought fonvard (131,011) 429,362 9,S56 307,907 400,761 TOTAL FUNDS CARRIED FORWARD (115267) 472,682 9,556 366,971 307,907 The notes forni part of these fmancial statements Page 9
Humber Teaehfin NHS Foundation Trust Charitable Funds Balanee Sheet 31 M9rch 2024 3113124 Total runds 3113123 Totsl nds Unrestricted fimd Restricted fund Endownent fund Notes FIXED ASSETS Intangible assets Investments 7,515 7J15 9,556 9,556 9,556 7A15 9,556 17,071 9,556 CURRENT ASSETS Debtors Investments Cash at bank 10 2?90 2,390 355,000 141,912 132,090 355,000 117,682 24230 443,136 26,620 472,682 499?02 575,226 CREDITORS Amounts falling due within one year 12 {149,402) (149,402) {276.875) NET CURRENT ASSETSI(LIABILITIES) (122,782) 472,682 349,900 298,351 TOTAL ASSETS LESS CURRENT LIABILITIES (115267) 472.682 9,556 366,971 307,907 NET ASSETS {115267) 472,682 9,556 366,971 307,907 FUNDS Unrestricted fijnds Restrict¢d funds Endowment funds 14 {115267} 472,682 9,556 (131,011) 429,362 9,556 TOTAL FUNDS 366,971 307,907 The fmancial statements were approved by the Board of Tnjstees and authorised for issue on and were signed on its behalf by: 2910112025 Mr P Beckwitb - TNstee The noles forn part of these f]nanciaJ statements Page 10
Humber Teathin 14HS Foundation Trust Charitable FuDds Casb Flow Ststemenl for the year Ended 31 March 2024 3113124 3113123 Notes Cash tlows from operating activilies Casli generated from operalions 80,982 (973) Net rash provided by/(used in) operating activities 80,981 (973) Cash flows from illvesting activities Pur¢hase of intangible fixed assets ReclassifTcation of cash to investment Revaluation of invegtments Interest r¢ceived (8,010 (355,000) (360) 360 6,611 18,118 Net cash (used inyprovided by investing activities (344,898) 6.611 Change In cash and Cash equivalents ID th¢ reporting period Cash and Cash equfvalents at tht beglnning of tbt reporting period {263,916) 5,638 405,828 400,190 Cash and cash equ£valents at Ihe end of the reporting period 14J,912 4U5,828 The not¢s forn) part of these fala1 statements Pagell
Humber Teachino NHS Foundation Trust Charitable Fvnds Noles to the Cash Flow Statement for the Year Ended 31 March 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING AcfiviTIES 3113124 3113r23 Net IDcome/(exptnditllre) for the reportfing period (as per tbe Statem¢Dt of Finatseial Activiti¢5) Adjustments for: Depreciation Gharges Losses on investments Interest re1Ved Decre&se in debtors (Decr¢ase)lincreas¢ in ueditors 59,064 (92,854) 501 360 (6,611) 10,390 87,742 (18,118) 129,700 (90,165) Net cash provided byl(used in) operations 80,982 . (973) ANALYSIS OF CASH AND CASH EQUIVALErrfrs 3113124 3113123 Notice deposits (less than 3 months) Overdrafts included in bank loans and overdrafts falling due within one year 141,912 443,136 (37,308) Total cash and cash equivalents 141,912 405,828 ANALYSIS OF CHAf4GES IN IYET FUNDS At 114r23 Cash flow At 3113124 Net eash Cash at bank Ba2th ovcrdraft 443,136 (37J08) {301,224) 37,308 141,912 405,828 (263,916) 141,912 Liquid r¢source5 Deposits included in ush Current asset investments 355,000 355,000 355,000 355,000 Total 405,828 91,084 496,912 Th¢ notes forni part of these financial stslements Page 12
Humber Teaehin NHS Foundation Trust Charitsble FuDds Notes to Ihe Finantial Statements for the Year EDded 31 March 2024 EXCEPTIONAL ITEMS During the year, a substsntial credit note was raised in respect of charitable actiVSties catfAed out in the prior year. This has caused the charitable activities expense appear as a negative figure this year This negative figure is as follows: Wishes Environment £909 Wishes Patient Benefit £37,594.45 Wishes Staff Benefit £1,295 Credit note received -£105.532 In addition to this, an investment account was reclassified as an investrnent in these accounts and removed from cash at bank, making it appear as though there ha5 been fimds invested in the period. AccouTrrrINC POLICIES Ba$5s of prtparing tbt financial statements The fmancial Statements of the charity, which is a pubJTC benefrt entity under FRS 102, have been prepared in accordance wilh the chl(LeS SORP (FRS 102) 'Arxounling and Reporting by Charities: Statement of Recommended Practice applicabl¢ to charities preparing their accounts in J¢cordance with the Financial Reporting Standard applicable in the UK and Republi¢ of lTeland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have b¢en prepared under Ihe historical cost convention. with the exception of investmenls which are included at market value. Income All income is recOlSed in the Statement of Fin8n¢ial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can b¢ measured reliably. Expenditure Liabilities are reeo8nAsed as expenditure as soon as there is a legal or constrnetive obligation cornmitting the chlty to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured rejiably. Expenditure is accounted for on an accruals basis and has been classified under headings that ae88£C all cost related to the category."Where costs cannot be directly attributed lo particular headings they Iiaye been allocated lo activities on a basis Gonsislent with th¢ e of resource5. Taxation The rharity is exempt from tax on its charitable aclivities. Fund accounting Unrestricted fijnds can be used in accordance with the charitabk objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of th¢ charity. Restrictions arise when specified by the donor or when fimds are Taised for parti¢ular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other p05t-retir¢ment benefrts The charity operdtes a defined contribution pension SCI¢. Contributions payable to the charityps pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 13 continued...
Humber Teachin NHS FoundatlOD Trust Cbarilable Funds Notes to the F5n2Dcial Statements- CODtinued for the Year Ended 31 March 2024 INVESTMENT XNCOME 3113124 3113123 Deposit account interest 18,118 6,611 CHARITABLE A1VITIEs COSTS Support costs (se¢ note 5) Dir¢¢t Costs Totals Patient Education, Welfare & Amenities 120,846) 37,672 16,826 SUPPORT COSTS Governance Costs Management Finance Totals Patient Edu¢ation, Welfare & Amenities 36,068 104 1,500 37,672 TRUSTEESI REMUNERATION AND BENEFITS There were no trustees, remuneration or other beDefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustee5' expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 31rJ124 3113123 Wages and salaries Social security Costs Other p¢nsion ¢osts 24,003 666 450 17,342 1,549 141 25.119 19,032 The average monthly number of employees durfing the year was as follows: 3113124 3J13123 Employed staff No employees received emoluments in excess of £60,000. Employed Staff are etnployed by The HEY Smik Foundation on behalf of the Cbarity. Page 14 continued.,.
Humber Teathin NHS Foundation Trnst Ch2riÉable Funds Notes to the Finallcial Statements- continued ror the Year Ended 31 March 2024 INTANGJBLE FIXED ASSETS Computer software COST Additions 8,016 AMORTISATION Charge for year 501 NET BOOK VALUE At 31 March 2024 7,5A5 At 31 March 2023 FIXED ASSET INVESTMENTS Listed investments ARKET VALUE At l April 2023 and 31 March 2024 NET BOOK VALUE Al 31 March 2024 9,556 9,556 At 31 March 2023 9,556 There were no investment assets outside the UK. Cost or valuation at 31 March 2024 is represented by: Listed inv¢stment8 Valuation in 2022 Valuation in 2023 9,916 (360) 9,556 Page 15 continued...
Hvmber Teachin NHS Foundation Trust Charitable Funds Note to tbe Financial Statements- continued ror the Year Ended 31 Marcb 20Z4 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3J13124 3113123 Trade debtors Prepayments 1,640 7511 132,090 2,390 132,090 CURRENT ASSET INVESTMEPITS 3113124 3113123 Unlisted investments 355,000 12. CREDITORS: AMOUNTS FALLING DUE WITHiN ONE YEAR 3113124 3113123 Bank loans and overdrnfts (see note 13) Trade creditors Other creditors 37,308 238.367. 1,200 147.902 1.500 149,402 276,875 13. LOANS An analysis of the rnaturity of loans is given below: 3113124 3113123 Amounts falling due within one year on demand: Bank overdrafts 37,308 MOVEMENT IN FUNDS Net movement in fimds At 3113124 At 114123 Unrestricted funds General fvnd (131,011) 15,744 (115,267) Restricted fllnds Restricted 429.362 43,320 472,682 Endowment funds Endowement Fund 9,556 9,556 TOTAL FUIYDS 3(17,907 59,064 366,971 Page 16 CODtinued...
Humber Teachin NHS Foundation Trust Charithble Funds Trlotes to the Financial Statements- continued for the Year EDded 31 M¥rch 2024 14. MOVEMENT IN FUIW4DS - conlinued Net movement in filnds, included in the above are as follows: Incoming resources Resources expend¢d Movement in funds Unrestricted funds General fund 33,071 (17 J271 15,744 Restricted funds Restricted 43.320 43,320 TOTAL FUNDS 76J91 (17,327) 59,064 Comparatives for movement fin futsds Net movement in funds At 3113123 At 114122 Unrestricted fudS General fvnd 6,096 (137,107) (131,011) Restricted funds Restrlcted 384,749 44,613 429,362 Endowment funds Endowement Fund 9,916 (360) 9,556 T.OTAL FUNDS 400,76] (92,854> 307,907 Page 17 continued...
Humber Teachin NHS Foundation Trust Charitable Funds Notes to the FinaDtial Statements- continued for the Year EDded 31 March 2024 14. MOVEMENT IN FUNDS - eontinued Compardtive rAet movejnent in fid5. included in the abov¢ are as follows: Resources expellded Incoming resources Gains and losses Movemenl in funds Unrestricted funds General fund 31,755 (168.862) (137,107) Restrlcted funds Restricted 46,500 (1.887) 44,613 Endowmtnt funds Endowement Fund (360) (360) TOTAL FUNDS 78,255 (170,749) (360) (92.854) A Current year 12 rnonths and prior year 12 months combined position is as follows: Net moveni¢nt In fvnds At 3113124 At 114122 Unrestrfficted funds General fund 6.096 (121,363) (115,267) Restricted fund$ R¢stricted 384.749 87,933 472,682 Endowment fuDds Endow¢ment Fund 9.916 (360) 9,556 TOTAL FUNDS 400,761 (33,790) 366,971 Page 18 Continued..
umber Teachin NHS Foundation Trnst Charilable Funds Notes to the Financi21 StaleJneDts- continued ror the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- continued A turrent year 12 months and prior year 12 months cojnbined llet movement in fimds, included in the above are as ftlllows: Incom?ng resources Resources expended Gains and losses Movement in fimds Unrestricted funds Generdl ftmd 64,826 (186,189) (121,363) R¢stricted funds Restricted 89.820 (1.887) 87,933 Endowment funds Endoivenient Fulld (360) (360) TOTAL FUNDS 154.646 (188,076) (360) (33,790) RELATED PARTY DJSCLOSiiRES DuTing the year there were transactjODS undertaken wilh the HEY Smile Foundation, the commissioned supplier of ¢haritsble services lo Humber Teaching NHS Foundation Trust. As at 31 March 2024, the charity owed The HEY Smile Foundation £55 (2023 - £3286). As at 31 March 2024 the charity was owed £NIL {2023 -£330) by The HEY Smile Foundalion. Page 19
Humber Teachin HS FoundAtion Trust Charilable Funds Detailed Ststement of FinancTal Act4Vities for the Year Ended 31 March 2024 3113124 3113123 INCOME AND ENDOWMENTS DoD2tiODS and legaeies Donations 14,953 25.144 Inve5tm¢nt income Deposit account interest 18,118 6,611 Charltable activities Grants 43,320 46,500 Total ineoming resources 76J91 78.255 EXPENDITURE Charitable activities Grant funding of activities Governance ¢osts Gift in kind exp¢n8es (65,674) 44,828 106,938 40,865 1,000 (20,846) 148.803 Otber Amortisation of intangible red assets soi Support co$tg MaTragement Wages Social security Pensions Telephone Advertising Sundries Travel 17.342 1.549 141 315 69 1,001 243 24,003 666 450 10,035 914 36,068 20,660 Finance Bank charges 104 86 Governanee costs Independent examiDation i&oo 1200 ToÉ81 resources expended Net incomel(expenditure} before gains and losses 17a27 170,749 59,064 (92.494) This page does noi forn] part of th¢ statutory fmancial staternenÉs Page 20
Humber Teachin NHS Foundation Trust Charilable Funds Detailed Statement of Finaneial Atlivilies for the Year Ended 31 Marell 2024 i113124 3113123 Realised reeognised gaiDS and losses Realised gain&l(losses) on fixed asset investments (360) Net iJJcomel(expenditure) 59,064 (92,854) This page does not form part of the statutory financial statements Page 21