Chesterfield Royal Hospital Trust CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY CHARITY NUMBER: 1052913 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED: 31 MARCH 2025
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY YEAR ENDED 31ST MARCH 2025 CONTENTS: Trustees Report Pages 1-13 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page12 Page 13 Foreword Reference and Admlnistrative Detalls Structure, Governance and Management Terms of Reference Risk Management Partnership worklng and Networks Annual Review Reserves Policy and Our Future Plans Review of Finance Achievement and Perfomiance Performance Management Statement of Twstaes, Responsibilltles Independent Examln•r's Report Page 14 Flnanclal Statements Page 15.27 Page 15 Pag& 16 Page 17 Page 18 Statement of Financkl Actlvities Balance Sheet Statement of Cash Flows Notes to the Financial Statements
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 Foreword The Corporate Trustee presents the Charitable Funds Annual Report together with the Financial Statements for the year ended 31 March 2025. The accounts (financI81 statements) have been prepared in accordan with the Slatement of Recofflmended Pract1." Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reportlng Standard applieAble in the UK and Republic of Irfrland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Ch8rities Act 2011 and UK Generally Accepted Practice. The Charity has a Corporate Trustee.. the Chesterffield Royal Hospital NHS Foundation Trust. The members of Ihe NHS Foundation Trust Board who served during the financial year w8re as follows.. Executlve Dlrecto Dr Hal Spencer Michelle Veitch Steven H8ppinstall Kevln Sargen Caroline Wade Krlshna Kallianpur Jon Cort Chief Execulive Chlef Operatlng Officer Executive Director of Flnance, Improvement and Transformation Mecllcal Director Dirèctor of Human Resources and Org8nisational D9velopment Dlrector of Nursing and Patlent Care Chief Digital Officer on- Executive Dlre Mahmud Nawaz Chair Jayne Stringfellow Sue Glew Non-Ex8CUtive Director and Senior Independent D1ctor Keith Nurcombe Non-Executive Director (until 31Dernber 2024) Non-Executive Dlrector Atulkumar Pat81 M8E Nora Senlor Non-Executive DireGtor (until 15 January 2025) lan Ailles Non-Executive Director (until 3 October 2024) Non-ExecutiV6 Director Paul Wood Non-Executive Director John Somers Non-Executive Director Delroy Beverley Elaine Jeffers Noft-Executive Director (appointed 3 January 2025) Non-Executive Director (appointed 3 January 2Q25) Nicola Haywood-cleverley Non-Executive Director (appointed 16 January 2025> The Charitable Funds are r8glstered with the Charity Commission (No 1052913) in accordance with the Charities Acts 2011.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORTFOR THE YEAR ENDED 31ST MARCH 2025 Reference and Administrative details The main charity Chesterfield and North Derbyshire Royal Hospital NHS TrusL registered Charity Number 1052913, was entered on the Central Register of Charities on 10 October 1995. Further to the change to Foundation Trust Status a Supplemental Deed of Dedaration was made on the 15 September 2005 changlng the title to ChesterfEld Royal Hospital NHS Foundation Trust. As at 31 March 2025 the Charity is constituted of 19 ind[dual funds and the notes to the accounts distinguish the types of fund held and dlsclose separately all material funds. Charitable funds received by the Charity are accepted, held and adminlstered as funds held on trust for purposes relating to the health serICe in accordance with the National Health Service Act 2006 and the Health and Social Care Act 2012 and these funds are held on trust by the Corporate Trustee. Trustee The Chesterfi8ld Royal Hospital NHS Foundation Trust is the Corporate Trustee of the Charitable Funds governed by the law applicable to Trusts, principally the Trustee Act 2000 and Ihe Charities Act2011. The NHS Foundallon Trust Board devolved r8sponsibilty for the on-going management of funds to the Charitable Funds committee which administers the funds on behalf of the Corporate Trustee. Thls committee was formed following the transfer of funds from North Derbyshlre Health Authorty by Slatutory Inslrument in 1993. The names of Ihose people who served on the Ch8rStable Funds Committee and therefore acted as agents for the Corporate Trustee, as permitted under regulation 16 of the NHS Trusts (Membarship and Procedures) Regulations 1990 were as foll¢ws.' Atulkumar Patel MBE Sleven Happinstall Jayne Stringfellow John Somers Elaine Jeffers Non-Executive Director (until 15 January 2C25) Executive Director of Finance, Improvement and Transformatlon Non-ExecLrtive Director and Senior Independent Director Non-Executive Director Non-Executlve Director (appolnted 3 January 2025) Principal Charitable Fund Advisers to the Board The Executive Director of Finance, Improvement and Transformats'on has, under a scheme ol delegated authorlty approved by the Corporate Trustee, day to day responsibility for the management of the Charltable Funds and must personally approve, on behalf of the Corporate Trustee, all expenditure up to £15k using hi8 delegated authority. Expenditure in eXsS of £15k must be approved by the Charitable Funds Committee and expenditu in excess of £100k must be approved by all Trustees. The Charity Director. Ken Godber acted as Secrgtary to the Charitable Funds Committ8e until 3110712024 and personalty approved, on behalf of the Corporate Trustee. all expenditure under £5k using his delegated authority. From 0110812024 this role was carried out by the Executive Director of Finance, Improvement and Transfonnation. Anthea Sharratt, Head of Financial Services acted as the Principal Offir, overseeing the day to day financial management and accounting for the CharÈtable Funds. The Charity does not have any employees, all staff costs relate to recharges for time spent on Charitsble Funds by staff wholly employed by Chesterfield Royal Hospltal NHS Foundation Trust.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 Principal Offlce The principal office for the Charity is: Finance Department Chesterfield Royal Hospital NHS Foundatlon Trust Top Road Calow Chesterfield Derbyshire S44 5BL Principal Professional Advisers Bankers Lloyds Bank plc 27 Market Place Chesterfielcl Derbyshire S40 1PN Independent Examlner Hawsons Chartered Accountants Pegasus House 463a Glossop Road Sheffi8ld S10 2QD Investment Advlsers CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ Structure, Governance and Management The Charity's unrestricted General Fund was established uslng the model declaration of trust and all funds held on twst as at the date ol registration were part of this unrestricted fund. Subsequent donations and gifts received by the Charty that are attrlbutable to the original funds are added to those fvnd balances within the existing Charity. The Corporate Trustee fulfils Its legal duty by ensuring that funds are spent in accordance with the objects of each fund and by designating funds. The Trustee respects the wishes of our generous donors to benefrt patient care and advance the good health and welfare of patients, carers and staff. The Charitable Funds available for spending are allocatèd to speclalties within the NHS Foundation Trusys management structure. Each allocation ig managed by use of a designated fund within tha general unrestricted fund, by 8 restricted fund or an endowment fund. For example. there are Charitable Funds for Medicine and Emergency Care, which includes a General Fund, Cardiac Care, Diabetic Patients, Slroke Patients and Haematology. The Charitable funds within Surgical Services include the General. Breast Care, Stoma Care, Maxillofacial, Urology and ITU. Non-Executive members of the Trust Board of Directors are appoinled by the Foundation Trusl's Council of Governors and Executive members are recruited by the Board of Directors. Members of th8 Trust Board and Charitable Funds Committee are not individual trustees under Charity Law but act as agents on behalf of the Corporate Trustee.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNOATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THEYEAR ENDED 31ST MARCH 2025 All newly appoinled members of the NHS Trust Board and Charitable Fund Committee are given information about the Charity. including th8 goveming document, the Charitable Funds Committee terms of reference. trustee annual report and accounts and the policies and porItieS of the Charity. In addthon infomiats'on is given about trust888hip, including the Charity Commission booklet CC3, The Essenlial Trustee. Charitable Funds Commlttee Terms of Reference The Charitable Fund Committee. under Standing Flnancial Instruction 20, has had TNstee ResponsibilÈties delegated to it by the Trust Board. The Committee: _ 1) Receive the governing document of any newly regislered fund for adoption. 2) Receive recommendation for existing funds In respect of rationalising such funds or increasing the number of funds,. 3> R8ceiv8 reports showing the income and expen<Jiture position Df th8 Charity., requests for expenditure, also details of legacies and donations, In additron the Committee will re1ve fomial feedback for expenditure in excess of £25k' 4) Refer all requests for expenditure in excess of £1 Ook to all board member8 for approval. 5) Review a statement of balances held and commitments, ensuring where balancas a hekl, that they can be justified In line with the reserves policy., 6) ReceNe reports on any Irregularities in r88pect of fundraising or other matters; 7) Be responsible for fomiulation of investment policies, the appointment of an Investment advisorlbroker and for participation in any ¢ommon invesknent funds. 8) Receive reports reviewing investsnent performance; 9) Receive detsils on the appointment of appropriate banking ser4lces', 10) Receive the annual accountslannual reports for the Charity; and meet with all trustees to appr¢ve these and to discuss any other charitable matters., 11) Receiv8 details of any intemal audit reports relating to Charitable Funds, The accounting records and the day-to-day administratton of the fvnds are dealt wlth by the Finance Department located at Ch8Sterfi8ld Royal Hospital NHS Foundation Trust, Top Road, Calow, Chesterfield S44 5BL,
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATSON TRUSTGENERAL CHARITY ANNLIAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 Risk Management The Charity has a risk management strategy which includes the review of the Charty's risk règist8r. The risks and Ihelr corresponding actions éesignecl to mitigatè the risks are reviewed and updated (where necessary). The risk registei is a standing itern for discusslon annually at the Charitable Funds Committeè meetings, which are held quarterly. The board members recognise that they are responsiblè for the Charity's investment and cash assets. The Board of the NHS Foundation Trust meets separately when acting as Truste6 of the Charty. demonstrating clear separatlon and autonomy of govemance, m8eting formal as Trustee of the Charty at least once a year. No business shall be transacted at a meeting of the Trust unless at least one-third of th8 whole number of the directors are present all decisions made outslde of the Committee are made by a Quorum and minutes are included in the following Committee meeting. A Quorum is any t¥VQ members of the committee. The Committee regularly vIewS the actlvlties of the Charity and assesses the major risks to which the Charlty is potentlally exposed, i,e., financial, operational and reputation and is satisfied that systems are in place lo mttigate exposure to those risks. Incom8 and Expenditure is monitored and is compared with the approved plan on a monthly basis to detect trends as part of the risk managemenl process to avoid unforeseen calls on res8Nes, The board members have formally set a limlt on expenditure of £1 Ook, above whlch Its daclslon is required; other lower financial limits are set out formally in Ihe Trust's Financial Procedures as follow8.' Expenditure below £15k requires author18atlon from the ExecutSve Dlrector of Finance, Improvement and Transfomation, Expenditure in excess of £15k requires approval from the Charitable Funds Committee. Investments are monitored and trends compared to natlonal indi¢es to highlight any unexpected movements. As a minimum the Committee meets annually with its investment advisors to review the performance of Its investment portfolio. The Charity's accounts are subject to an Independent Revlew and ftnancial procedures are subjeci to internal audtt reviews, and any audit recommendations are implemented. The NHS is, by its Very nature, subject tc national changes in government policy as well as local politically driven declslons. The trustees have identified this Ss a risk as It may mean inEtiatives or healthcare activities supported by the Charrty are no longer delivered in this araa. The trustges fegularly liaise with our NHS partners to understand the changes thal they are facing at an early stage. The trustees also review our NHS partners, strategic plans when they a developing future plans.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENOED 31ST MARCH 2026 Partnership Working and Networks The patients of Chesterfield Roy81 Hospttal NHS Foundation Trust are the main beneficiary of the Charty. Chestetheld Royal Hospital NHS Foundatlon Trust is 8 related paty by virtue of being Corporate Trustee of the Charity. By working in partnership with the Trust, the Charitable Funds are used to best effect. INh8n deciding upon the most beneffcial way to use the Charitable Funds. the Corporate Trustee has regard to the main activities, obj8ctives, strategies and plans of the Charity. Objectlves and Strategy The Charity objectlves (as stated thIn the reglstration wlth the Charity Comrnlssion) are as foll0v.. For any charitable pu4)ose orpuwes relating to the National He81th Semce wholly ormainly for the seNlces pmvided by Chest8rfield RDy81 Hospital NHS Foundation Trust. The purpose of every charity is to provide 'publSc benefit, and each chartty must domonstrate how these requirements are met through their aims and activities. The focus of our activities as described below is to benefit the staff and public who use the services of Chesterfleld Royal Hospital NHS Foundation Trust. The oparatlng objectives of the Charity are as follows: Ensure that funds are spènt in accordance with the objects of each furKI, and in line with the Reserves Policy whlch slates that Fund Managers should not hold fund balances In excess of two years average income without justification. To maximise investment returns of the Charity whilst ensuring an acceptable level of risk in Ilne with the Invéstment Pollcy, To ensure the tirnely rec81pting of donations and legacles and 8nsure that they are correctly designated to the relevant fund in line with the donorfs wishes. To effectlvaly manage cash flow, ensuring there are sufficient liquid funds to meet expenditure requirements. Making our vlslon happèn invotves all our partners, staff, patients. carers and the communty. We invite you lo join us to make this a reality. If you want to know more about how to make a donatlon please contact the Head of Financial Services, Financial Services Depl., Chesterfield Royal Hospital.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2026 Annual Review: Our Activltles Donations to th8 charity have continued to support a wide range of charitable and health related activtties for public benefit, in respect of both patients and staff, In general. they are used to purchas8 the very varied additional goods and seNices that NHS funding does not cover, Overall, £161 k has been spent on goods or services to bènefit our patients and staff, det8iled on page 10 and 11. Other activities includ? the following: Swan Scheme 10k Enabling the Trust to add little touches that make such a difference to patlents and their lamilie8 during end-of-lrfe care: handpiint kris, memory boxes, and books to support children'6 understsnding ens d Dlstracti ui rCT To provide an improved patient experience, and to enhance sensory integration for our patients with neuro diverse condltions MattAlrP for Robins Ward Moving and Handling equipment to allow more comfortable transfers from bed to trolley, decreasing paln and anxiety for our patients wlth neck of femur fractures Grant Making Policy Grants are normally mad? from the Charity5 unrestrlcted funds - our funds comprise three potential elements. Firstly the General Charitable Fund <unrestricted) which is constituted of donation5 and legacies received by the Charty where no particular preference as to its expenditure has been expressed by donors. Grants are targeted on projects in areas of the hospital that do not have available deslgnated funds to pay for then. The second element relates to Special Purpose Funds (Designated) - these usually contain donations and legacies where a particular part of the Hospital or activty was nomlnated by the donor at the time their donation was made, Whilst their nomination is not binding on the Trustee, every effort is made to ensure the donor wishes are met. The designated funds are overseen by Fund Managers who make recommendations on how to spend the money within their designated area. Th8se recommendations are considered and approved by the Trustees in line With the delagated aulhorities, as detailed on page 6 of this report. The third element relates to Restricted Funds - these are funds which are to b8 used for specifi purposes or projects.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENOED 31ST MARCH 2026 Reserves Policy The Trust reserv8s policy ststes that Fund Managers should not hold fund balances in excess of two years average income without justifi¢ats'on. Adherence to this policy is monitod quarterly and where balances are in excess of tha reserves policy Fund Managers are contscted to request an update of future plans for expenditure on the fund. The year-end level of free reserves of £q,317k (undes5gnated funds of £1,522k less grant commitments of £205k) equates to 2.7 years average income. The Charitable Fund Commtttee has considered Fund Managerfs expenditure plans to ensure they are satisfied that funds are not being held without justification. The Committee is keen to maintain a level of balances under 2 year's average income where possible. We will be V)rkIng to make more conlributior) to the Hospital during the next year to maintain reseNes in Ilne wtth the pollcy. Our Future Plans The Chesterfield Royal Hospital NHS Foundation Trust General Charty has not only ambition for the future but a sharpen8d focus on achieving this through effective plans thanks to an approved Charity Fundralsing and Engagement Strategy wt)ich was launched in 2024-25 to maxlmis8 the impaGt of the Chaty. With wlder political, social, economic and technical advances effecting the health and care sector, the Charity will also nee¢J to contlnue to be responslve and posltive to thls dynamic environment. The Charity has a long-standing commitment to support the Trust In all Its strategic priorlties, and ultimately providing exceptional pakn'ent caffj. This will continue, together with greater understanding and awareness of our market and the opportunitles open to U8. The Charity has committed £205k in fLrture spending to help make the experience of staff and patients more posllive, the detsils of these commitmenls can be found in Note 15 on page 27 of the accounts. With direct connectlon and support from the Communications Servica, a new post, The Fundraising and Engagement Lead, was recruited to during 2024-25 to help deliver the Fundraising and Eng8gement Stratsgy.
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THEYEAR ENDED 31ST MARCH 2025 A Review of our Finances, Achievements and Performance The net assets of the Charitable Funds as at 31" March 2025 were £1,523k (2024.. £1.272k). Overall net assets increased by £251 k. The Charrty continues to rely on donations, legacies and investment incoma as the main sources of income. Totsl incoming resources of £493k were down by £175k from the previous year. Overall, expenditure was down on that of the previous year. Of the total 8xpenditure of £218k (2024: £229k) charitable expenditure on direct charitable activity was £178k (2024: £223k). Grants payable to other NHS charitles No grants were pald to othar NHS charitie8. Purchase of new equipment New equipment exp8nditure of £40k (2024.. £20k) induding the following:_ Ten Transcutanaous 08vlces To equip all our Midwrfery Support Workers wlth their own devices, improvlng serrfoce provlslon, clinical effectivenes8 and our communitie8 experience. Twolv F Idawa arent B sforNI tin 2k To facilitate parents lo be able to sleep comfortably and safely next to their baby or chlld - providing one per cot 'Rits' reen a rro le son Ward 3k RITA is used to enhance patient care, to provide reassurance and distractlon during hospilal admission, particularly with our more unsettled patienls Trust Staff, Welfare and Amenities Trust Staff Education, Welfare and Amenitles expenditure of £16k, (2024,. £36k), including the following:" Ilatlon a fres water fo ntaln f the AccommodatAon Team 2k To assist with the heafth and vrfellbelng of our staff, including those visiting the aroa for counselling support ndow Blln taff G nd St dio £2k To hdp staff feel comfortable when exercising and to encourage more staff to ac$$ the fitness facility, supporting inclusion across our colleagues Im rovem to the Pham7ac am Staff Room To provide our staff with a pleasant environment to enjoy their breaks 10
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THEYEAR ENDED 31ST MARCH 2025 Patient Welfare and Amenlties Palent Welfare 8xpenditur6 of £1 Osk (2024: £118k) includes the following:_ Ilmen Thera ervl es for eo le affected b Cancer £13k Provision of complimentary therapies to assist with physlcal, emotiona and psychological symptoms of cancer to promote r8laxation and to improve wellbeing for our patients rovem eEa ood WardD oom To upgrade the furnlture and redecoration in the loom lo create an attractive and welcomlng space for patients and their relatives. In Hairdress" SeNi 8k A seNice to provide a hairdressing swvice to our patients 11
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 Perforniance Management The Charity works closèly with the NHS Foundation Trust to identify the appropriateness of funding requests. An approval system has been established to ensure the appropriate level of internal ccntrol is maintained over Charitable Fund expenditure. Fund Managers provide assurance that expenditure on their Charitable Funds meets the objectives of the Charity. this is checked by Ihe Executive Director of Flnance. Improvement and Transformation. who must athhorise all expenditure up to £15k before any order is placed for goods. Authorisation for proposed expendlture In excess of £1 Sk must be sought from the Charitable Fund Trustees and above £1 Ook by all Trustees. In cases where expendrture exceeds £25k feedback is Tequired from the Fund Manager as to the benaffts to the Trust of the outlay. Investments The Investment policy requires that all monies. apart from working capital, be Invested in securities or other longer temi investments, In order to maximise the ov8rall retum consistent wfth an acceptable level of risk. As a result the bulk of our funds are invested with CCLA Managemont Ltd vthlch is a leading investment company, sefvlng Gharlties. churches and local authorities. Monles are invested in the COIF Char1ti8s Ethical Investmant Fund- Income Units. The performance of the investments is continually monitored and report8d on a quarterfy basls to the Trustees. The Charrty invèstment policy excludes direct Investment in tobacco companies. The charity's Investment advisors are appointed by the Trustèe via a competltlve process every three years. The committee decided in 2023124 that this contract should be r&awarded to CCLA on the basis that the cost of removing the investment and re-investlng elsewhere far OLrtweighs any benefrts of investing elsewhere, to be reviewed in 2026127. Golng Concem The Irustees consider that there are no material uncertainties regarding the Charlty's ability lo continue as a going concern. There are no material uncertainties affectlng the current year's accounts. 12
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 Statement of Trustees, résponslbllities The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trusteas to prepare financlal 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 charlty for that period, In préparing these financial statements. the trustees are required to: select suitable accounting policies and apply them consistently: observ8 the methods and prlnciples in the CharitSes SORP 2019 (FRS102); make judgements and estimates that are reasonable and prudent", stste whethér applicable accounting standards have bean followed. and prèpare the Ilnancial statements on the going conc8m basls unless it is inappropriate to presume that the chatity will continue in operation. The trustees are responsible for keeping prDper a¢Gounting records that dlsclose with reasonable accuracy at any time the financial Position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and the provisions of the trust dead. They are also responsible for safeguarding the ass8ts of the charity and hencefortaking reasonable steps forthe prevention and detection of fraud and other irregularities. On behalf of the Trustees, J g*tr- Jayne Stringfellow Trustee 13
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY Independent Examlners Report to the Trustees of Chesterfleld Royal Hospltal Charity I report to the charity trustees on my examination of th8 accounts of the charity for the year ended 31. March 2025 which ale set OLrt on pages 15 to 27. Responslbllltles and basls of report As the charlty's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the AGf). I report in respect of my examination of Ihe charity's accounts carried out under section 145 of thè Aci and in carrylng out my examinatlon I have followed all the applicable D]reI0S given by the Charity Commission under sects'on 145(5)(b) of th8 Act. Independent examlne¢s statement Slnce the charitls gross incffiie exceeded £250,000 your èxaminer must be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake the exarnination because l am a member of the ICAEW, which is one of the listed bodies. I have completad my examination. I confirm that no mat8dal matters have come to my attention In connection with the examination giving me cause to believe that in any material respect.. 1. Accountlng records were not kept in respect of the charity as require(I by section 130 of the Act,, or 2. The accounts do not accord wtth those records; or 3. The accounts do not comply with the applicable raquirements concerning the form and content of accounts set out in the Charities (AOunt$ and Reports) Regulation 2008 other than any requirement that the accovnls givé a 'true and falr vlew. which is not a matt8r considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report In order to enable a prOr understanding of the accounts to be reached. iJiJ. Simon Bladen FCA Hawsons Chartered Accounlants Pegasus House 463a Glossop Road Sheffield. S10 2QD S Q brfZoz5 ecc 14
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUSTGENERAL CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Note Unrestrlcted Funds 202S £000 Restrfcted Funds 2026 £000 Totsl Funds 2025 £000 Total Funds 2024 £000 Income and endowments from: Donations and legacies Investments Total income 459 34 459 34 659 493 493 668 ExndItUre on: Raislng Funds Charitable Activsties Total oxpandlture (13) (1761 (189) (29) 142) (176) 1218) (8) (223) (229) {29) Net (loss)Igains on inve¥tments Net Incomel(axpenditure) Net mov•ment In lunds (24) 280 280 {24) 37 (29) (29) 251 476 476 251 Reconclllatlon of Funds Total funds brought forward Total funds carrled forward 1,242 1,522 30 1,272 1,623 796 1,272 15
CHESTERFIELD ROYAL HOSpAL NHS FOUNDATION TRUST GENERAL CHARITY BALANCE SHEET AS AT 31 MARCH 2025 Total Funds 2025 £000 Total Funds 2024 £000 Note Flxed assels Investments 631 555 Current Assets Debtors Cash at bank and In hand 10 11 153 846 999 370 355 725 Credltors: amounts falllng due wlthln one year Net Current Assets Total assets less current liabllltO08 12 992 717 1.523 1,272 Net a55ets 1,272 Charlty Funds Restricted Funds Unrestricted Funds Total charlty lund8 30 1,242 1.272 14 The financial statements were approved and authorised for issue by the Board on: Signed on behalf of the board of trustees. J sTur- Name: J-*n12 Sk Date. 261iilzG2S The notes on pages 18-27 form part of these financial statements 16
CHESTERFIÉLD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY STATEMENT OF CASH FLOWS FOR YEAR ENDED 31 MARCH 2025 Total Funds 2026 £000 Totsl Funds 2024 £000 Not8 13 Cash flow from oparating 8Ctlvftle$ 467 460 Cash flow from Inve8tlng actlvltles Dividends and interest from investments Purchase of investments Net cash flow from investlng actlvitles 250 (241) 34 Increase In cash and cash equivalents 491 219 Cash and cash equlvalents at the beginnlng of the reporting perlod Cash and cash equlvalonts at the end of the r•portlng perlod 356 136 11 846 355 17
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUSTGENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 Accountlng Pollcles Basls of preparatlon Th8 financial statements have b8en pr¢pared on a going concem basis under the historic cost convention, with the exception of investments which are included at fair value. The accounts (financial Statements) have been Ppad in accordance with the Staternanl of RecommerKled Practice: Accounting and Reporting by Charit[8$ preparing th8ir accounts in acmrdance with th8 Financial Reporting Standard applicable in th8 UK and Republic of Ireland {FRS 102) and the Financial Raporting Standard applicable in the United Klngdom and Republic of Ireland IFRS 102) and the Charlties Act 2011 and UK Ganerally Accepied Practice. Funds structure b) Restrlcted fund8 are funds which are to be used in accordancè with spacifi¢ restrictions impo38d by the donor. Niere the restrli0n requi$ the gift to be invested to produce income but the trustees hava the power to spend the capital, it Is classed as expandabla end¢)wment. unrestr1&d income funds eompri8e th¢$9 funds which the Twstee is free to use for any purpose In furtherance of the charitable objects. Unrestricted income funds include de$ignat&d funds, where the donor has mado known their non-binding wish88 or where tha Trustees, at their discrotion. havo creatod a fund for o sptsxific purpose. Incornlng rnsources All Incoming resource5 are recognised once the Charity has entitlement to the resources, It Is certaln Ihal the resources wlll be rece;'ved and the monetary value of incomlng resources can be measurad with gufficient rellabilty. Incomlng rnsourees from lagacles Legacies are accounted for as incoming mources either upon rece5pt or where it 13 probable that tt will be received. This wlli be once confimiation has been received from the representatives of the estate(s) that payment of the18gacy will be mad6 or propety transf8rred and once all condrtions attathed to the legacy have been fulfilled. R•$our¢•$ •xpend•d d) Grants payable are payments made to Ihird parties (including NHS btxlies) In furtherance of the charilable obje¢ts of the funds. They are accountod for on an accruals basts where the conditions for thwr payment have begn met. Where a third Paty has a reasonable expectation that they Will receive the grant e.g. when an appral has been authorised and a pur¢hase order has been raisad than a provlsion for thai expendilure is creat•d. Contractual affangements ere f8¢ogntsed as goods or services suppli8d. Irrgcovorable VAT Irrecovernble VAT charged agai1t the category of resources expended for which was incurred. 18
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARJTY NOTES TO THE FINANCIAL sTATEmErs YEAR ENDED 31ST MARCH 2025 Allocatlon of overhead and support costs Support costs are those costs which do not relale to a single activity. These include some staff costs, costs of administration. intemal audit Costs and IT support. Support costs have been apportioned between fundraising costs and chaiitable 8ciivitias on an appropriate basis (see note 41 h} Fundratslng Costs The costs of generating funds are those costs attnbutable to generating income for the charity, other than those costs in¢urred in undertaking charitable a¢tiviti&s or the costs incurred in undertaking trading actwiti85 furtherance of Iha ¢harty's objects. The costs of gonoratsng fund8 repr8sent fundratsing co$t$ together with investrnent rnanagement fees. Charltable a¢tlviti•s Costs of charitable actlvEties comprlse all costs incurrod in the pursult of the charitable objects of the Ch8rity. These costs eomprfse dlrect costs and are categorised In note J) Flxod a8set Investments Inve$tm•nt8 are stated at marf(at value as at the balancé sheet date. The statement of financial activities Includes th8 net gains and lo$se$ arising on rovaluation and disposals throughout the year. Gains and10sses on revalualion and disposals are allocated to fund balances based on th8 average da.Y balance ralating to each fund. R•alised gains and losse8 kl All gains and losses are taken to the Statement of Financial Actlvltlos a5 they arisa Realised gains and losses on inveBtments are calculated a8 the drffernnce between S8les proceeds and opening market V81ue {purcha$e d8t8 if later) Unrealised galns and losses are calculated as the drfference bean the market value at th8 year end and opening market value (or puhase data if later). The Chaiity is an exempl charity wrthin the meaning of Schedule 3 of the Charities Act 2011 and is Considered to pass the tests set oul in paragraph 18chedule 6 of the Finance Act 201Q and therefore it meets the definition of a ¢harilable company for UK corporation tax purposès. Golng Con¢em After due consideration of all relevant factors, the trustees have a rBasonabl& expedation that the charity has adequate resources to continue in operat'onal existence foi th8 foreseeable future. Accordingly they continue to adopt the going concem basis in preparing the financial statements. 19
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEQ 31ST MARCH 2025 Related Party tran$a¢tions The patients and Staff of Chesterfield Royal Hosprtal NHS Foundation Trust are the beneficiary of the Charity. The Charty has provlded funding to th8 NHS Foundation Trust for approved expenditure made on behalf of the charity. During the year nerthar the Corporate Trustee nor men**&f8 of the key management staff or parties related to it has undertaken any rnaterial transactions wrth or received any remuneration or expenses from Chesterfi8ld Royal H¢spital NHS FOundatn Trust Charty. An agreernent has been reached that as part of the normal course of buslness the ChaTtty has mwje payments totalling £11 k {2024: £1 Ok) to cheSterf[d Royal Hospital NHS FT in reBpeGt of payroll costs as Corate Trustee of the Chanty. Income from donations andlogacles 2025 £000 2024 £000 Donations rac•Ned Legacies 139 320 459 217 442 659 Donatlons rec&ived are from members of the publrc, Staff, relative¥ of patients arKI staff, the staff lottery and corporate donats'ons, Total gross Income from InvlMents and cash on d•posft 2025 £000 2024 £000 Investment in a Common DeposJt Fund. Dividends received Interest received 18 20
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 Allocation of Support costs and overh8adg Once allocation andlor apportionment of ov¢rhead and support costs have been made to Support and Governance Costs. the balance is apportioned across funds on the basis of amounts expended. Charltable Actlvlties 2025 £000 2024 £000 Salaries & related costs Independent Examination Othér 16 The Charity does not have any employea$, all staff wsts relate to r•charges for time spenl on Charftablg Fund$ by staff wholly employed by Chesterfield Royal Hospital NHS Foundatitin Trust. Other than the charge of support costs and overheads, the Trust or ts officer81dictors received no other payments as Corporate Trustee. Day to day runnlng costs are classed as 8UPPOrt costs. Support costs are apporti¢)ned t¢ charitable activity proportionate to expgndltur&. Other cosis include insurance, mernborship fees, will servlca fee, el8Ctronic payment machine maintenance and fees. Analysls of charttable èxpenditure Expendlture 2025 £000 Support Costs 2025 £000 Total 202S £000 Total 2024 £000 Unrestricted Expenditure Patlent Welfare and Amenitl8S 105 10 116 129 Trust Staff Welfare & Amen"rties 16 17 40 Equipment (non-capital) 40 13 Equipment (capital) Building and Refvrbishment 32 181 15 178 223 21
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2026 Analysls of grants All grants arè made to the Chest@rfJeld Royal Hospital NHS Foundation Trust and the Corporate Trustee operates a schem8 of delegation. through which all grant funded a¢tiVlty Is managed by fund manag8rs responsible for the day-lo-day dbUrSernents on their projects, In accordanc8 with th8 dir8Ctions s6t out by the trustees in the Trust's standing financial instructions and financial procedures. The Charity doe8 not make grants to individuals. The total cost of making grants is disclosed in the activty analysis on Ihe face of the Statement of Financbal Activrtias. Governance Costs Gov8rn8nGe costs Includ8 the Indep8ndent Examlners fe8 for th8 year of £4,250. G¢veman¢e costs ar8 included in 8UPPOrt costs in note 6 above. Fixed asset Investm•nts The Charfty h88 no fixed agsets other than fixed 888et invo$tments. Movem8nt In flxed a89•t Investment 2025 £000 2024 Market value brought forward 8$ 8t l Aprti Add.. Purchases Less.. Sales Less: Net (LossyGain$ on Rev8lualion 555 268 250 124) 37 Market value Garried forward as at 31 March 531 Market value of fixed asset inv6gtments 2025 £000 2024 £000 COIF Charities Investment fund 531 555 10 Dèbtors 2025 2024 £000 Other debtors 153 370
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARrrY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 11 Cash at bank and In hand 2025 £000 2024 £000 Current Account and Cash Balance COIF Deposit Fund 189 657 846 324 31 355 12 Credltors 2026 £000 2024 £000 CredltorJ". amounts falllng dué wlthln 1 y•ar Accruals 13 RKonciliation of net Income to net cash flow from op•ratlng activltles 2025 £000 2024 £000 Nat Income for th• year 251 476 Losg1(gainl on inve8tment8 Dwidends and interest from Inve8tmentS Dease In debtors (D•craase) in creditors Net cash flow from oporatlng actlvltles (37) (9) 33 (3) 460 (34 217 457
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 14 Charlty Funds Fund Incoming R8sotsrca$ Balance Resources Expènded blfwd £OOOs 2025 Galns Fund and Transfers (Losses) £QOOs Fund Balance fwd £OOOs £ODOs Rostrlcted Fund5 £OOOs NHS CT Development 3Q (29} Unr08trlcted Funds General Fund 389 199) (24) 437 Cardiac Care Fund 262 (1) 265 Cancer Fund Oiabetic Patients Fund 269 35 (2n 277 111 111 SpecMI Cara Baby Unit 84 22 108 Breast Cancer Fund 86 (9) 79 Other Funds 266 41 (53) 17) 247 1,242 493 (189) (241 1,522 Total Fund8 1,272 493 (218) (241 1.623 24
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 14 Charfty Funds (contlnuedl Fund Balance fwd £OOOs Incomlng Resources Rasources Expended Gains Fund and Transfers (Lossos £OOOs 2024 Fund BalanGe fwd £OOOs £OOOs £OOOs Restrictod Funds £OOOs NHS CT Developrn6nt 30 Unrestrlctod Funds General Fund 198 180 (103) 37 (148) Cardiac Care Fund {2) H8alth and Wellbeing Hub Fund {498) 61 (29) 476 Cancer Fund Diabetic Patient8 Fund 24 {35) 269 111 111 Special Caro Baby Unit 26 (21 Breast Cancer Fund 86 11 {11) 88 Other Funds 265 376 (47) (328) 286 668 (229) 37 1,242 Total Funds 796 668 {229) 37 1,272 0•8Grlptlon of mat8rfal charitablè fund$ Restrlcted Fund Description, nature and purpos• of tho Fund NHS CT Davelopment Development Grant awarded by NHS Charltles Together lo enable the Charty to davelop specific fundrabsing projects, expected to be fully spent and closed during 2025-26 Unre$trfct Fund$ Descrlpiion, natur8 and purpoge of the Funds General The General Trust Fund was estsblished fcr any charitab',e purpose relating to the NHS wholly or mainty for th8 services provided by Chesterfield Royal Hospital. Cardiac Care Th8 Cardiac Care Trust Fund was established in April 201 S to eornbine the four related Cardiac funds for the relief of sickness of pallents who are or have been in the Cardiac Care Untt of Chestetfield Royal Hospital 8nd for promoting the effirient perfomanee of their duties by the staff of that unit. 25
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2026 14 Charity Funds {continued) Cancer Fund Thg Chief Executiv88 Canr Fund was 8Stabll8hed in Juty 1997 wlth the purp¢JS8 of promoliNJ the 6fftient performance oftheir duttes by the Cancer Services staff in the NHS Maemillan Unit 81 Chesterfid Royal Hospital. Tho Medlcine and Em&r9erw Care Diabelic P8tienVs Fund was egtsbM8hed in April 2015 with the pu08¢ ofpromcrting efficient performanL of thelr duts by the staff looking after our Dlabellc Pati8nts. The SFeclal Caro 8aby Unlt Fund wag established in September 1996 with the purpthse of pr(MnotJng efficient rfoan(% of thelr dutlg9 by the st8ff I0¢)k after our patl8nts and thair families Diabetlc Patlents Fund spal Care Baty Unlt Breast Canr Fund The Surglc£l SeNlces 8rea51 Cancer Fund was estsblished In Aprll 2015 wlth tho purpo$e of promotsng efficlent performanc6 of thelr dutles by the staft of that Dgpartrnant 26
CHESTERFIELD ROYAL HOSPITAL NHS FOUNDATION TRUST GENERAL CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025 Commltmants Movement In fundlng commitments 2025 £000 2024 £(y)o Opening balance at 1 April 2024 Addttional commitments made during tha year Cleared commitments (Paid/Cancelled) Closing balancè at 31 March 2025 (see note bel¢)w> 96 349 239 205 165 153 223 95 These comnytments will appear as expendlture in future years Unr•8tri¢tgd £000 Complimentary therapy service8 for people affected by cancar Matemty mernorial garden Commitments foi Projects (<£1k) On-site advi servKe for $laff. patients, and vlsrtors Vldeofluoroscopy chair Inpatient cosmetic $eNi¢e Swan scheme - end of lrfe care Medlcal Tattooln9 Accessible project Upgrade to patient waiting area Seatlng Patient Christmas presents Retinal camera Cancer Support Cenlre- Applicaticn LlceneL Support group - Affected by Cancer Dlet advlce for expectant parents 5000 Voices- items to support staff and patient engagement Complementary hot drinks for volunteers Upgrade to the Emergency Department wellbeing room Support Group - Urology Power and data point for patient TV Cancer Centre- Wig product packs Oxford Midi 180 electric hoist Upgrade to seating In Pharnacy staff room Annual memorial service for babies and ¢PNldren Total Commltmants 70 31 13 2D5 The Charity recognises liabilitie8 in the accounts once they ha incurred oither a legal or constructive obligation to expend funds. 27