• County Durham & Darlington tZlES Foundation Trust • NHS Charity NHS County Durham and Darlington NHS Foundation Trust County Durham and Darlington NHS Foundation Trust Charity Annual Report: 2024125 Ho tha Ix*l NHS ¢￿¥￿Y lO•n￿nc• p4kn1 c•r• Q••• Together. wecare. •••• 000 • County Durham & Darlington NHS NHS Foundation Trust • Charity County Durham and Darlington NHS Foundation Trust Contents= Chair's Foreword Chief Executive Introduction Referen￿ and Administiative Details structure Govemance and Mana ement ectives Public Benefit Fundraisin and Donation Hi Risk Mana ement Income & Ex enditure Summa Thank You Chari Team U date 10 hts 16 17-18 19 ••• Together,wecare. ••• 000 • County Durham & Darlington IZREI Foundation Trust • NHS Charity NHS County Durham and Darlington NHS Foundation Trust Chair's Foreword l am incredibly pioud to iepresent CDDFT Charity and to share some of the wonderful achievements from 2024-25. Over the past year. despite challenges our chaTlty has continued to posrtively impact on patient care and the wellbeing of our staff, in line with our ambition, thanks to the tireless efforts of our supporteis, staff, volunteers, and corporate partners. From inspiring fundraising events such as Ihe NHS Big Tea and the Greal North Run, to the generous donations and legacy gifts thal continue to make a lasting difference. 2024-25 has been a year where our community has truly come together. We have also seen a rise in engagement across our social media channels, helping US to share more stories. raise awaceness, and inspire even more support. As we look ahead to 2025-26, we want to build on Ihis momentum, by building slrong partnerships, founded on solid foundations, which allow us lo invest further in iniliatives that directly improve patient care and staff wellbeing across County Durham and Datlington NHS Foundation Trust, in line with needs of our patients and communities. On behalf of the Board of Trustees. I would like to thank everyone who has supported us throughout the year. Together. we are making a real differen￿ - and I am confident that we can seize the opportunities before us so that the future holds even greater things for our charity. Thank you. Kathryn Featherstone Chair, CDDFT Charily Committee County Durham and Darlington NHS Foundation Trust •••• Together. wecare. •••• 00 • County Durham & Darlington NHS NHS Foundation Trust • Charlty County Durham and Darlington NHS Foundation Trust Chief Executive Introduction Foreword from the New CEO Hello, my name is Steve Russell. and I started as Chief Executive of CDDFT in September 2025. Although I wasn't in post during the year covered, I'm pleased to introduce the 2024125 Annual Report. I would like to thank our charty team for their hard work, and to recognise the continued kindness and support we receive from our communities. This has been a financially challenging year, with change across the charity. As we look ahead, we have an important opportunity to review our approach, strengthen our foundations. and ensure our work continues to rellect the needs of our patients and communities. I'm looking forward to meeting OUT partners. local businesses and supporters. Your generosity helps us go beyond whal NHS budgets can cover. enhancing services, improving patient experience, and funding both the 'liltle things" thal make a big difference and the major campaigns that help shape our future. Although the year has brought challenges. l am oplimistic. With clear priorities. slrong relalionships and a refreshed focus, I believe the year ahead can bring real progress and Ihat. with your support, our charity can make a real difference to the palients and communities we serve. Steve Russell Chief Execulive 20th November 2025 CEO statement It gives me great pleasure to introduce this year's annual report for CDDFT Charity. The lasl year has been a year of dedication. generosity, and progress - and l am proud of everything we have achieved together. Across our hospitals and in our communities, the impact of support can be seen every day. From funding vital ••• Together,wecare. ••• oo• • County Durham & Darlington tE] Foundation Trust • NHS Charity NHS County Durham and Darlington NHS Foundation Trust equipment to supporting patient care and staff wellbeing. donations and fundraising efforts are making a lasting differen￿. One of the standout moments of this year was seeing one of our ward managers take on an incredible 54k ultra-marathon to raise funds for our Stroke Ward at University Hospital of North Durham. Their delermination and passion not only raised money but also inspired so many others across the Trust. Thanks lo our supporter's generosty, we were able to purchase handheld bladder scanners for our community nursing teams - a vital piece of equipment thal is already improving care and helping patients in their own homes. CDDFT Charity plays a vital role in supporting our Trust's mission, to provide high- quality, safe, compassionate and joined-up care, by funding projects and initiatives that go beyond what the NHS alone can provide. Fundraising activities help to create more comfortable and welcoming environments for our patients; the Charity's work directly contributes to improving Ihe quality of care we delNer every day. Looking ahead to 2025-26, we are committed to growing the chaTity further- building stronger partnerships, delivering more fundraising opportunities, and ensuring that every pound raised goes where it is needed most. On behalf of the charity leam, I would like to thank everyone who has supported us this year. INhether through fundraising, volunteering, or donating, you are helping us deliver real change and better care for Ihe people of County Durham and Darlington. Sue Jacques Chief Executive County Durham and Darlington NHS Foundation Trust Together, we care. •••• 000 • County Durham & Darlington NHS Foundatlon Trust • Charlty NHS County Durham and Darlington NHS Foundation Trust Reference and Administrative Details The County Durham and Darlington NHS Foundalion Trust Charitable Fund is regislered with the Charity Commission in accordan￿ with the Charities Act 2011 (Registration number 1053467). This is Ihe umbrella charity under which all individual funds are registered. The notes to the accounts distinguish the types of fund held and disclose separately all material funds. Funds re￿iVed by the Charity are administered as funds held on Irust for purposes relaling to Ihe health service in accordance wilh the Nalional Health servi￿ Act 1977 and National Health Service and Community Care Act 1990. The County Durham and Darlington NHS Foundation Trust is the Corporate Trustee of the Charity as governed by the law applicable to Tiusts, principally the Trustee Act 2000 and the law applicable to Charilies, the Charities Act 2011. The principal Offi￿ of the Corporate Trustee is as follows: Principal Office Trust Headquarters. Memorial Hospital. Hollyhurst Road, Darlington. DL3 6HX The professional advisors of the Corporale Trustee are as follows: Banker Investment Manager GBS Nalional Westminster PO Box 64388 2 Devonshire Square London EC2P 2GR RBC Brewin Dolphin Time Central 32 Gallowgate Newcastle upon Tyne NE14SR Internal Auditor Independent Examiner Audit One Tanfield Lea Business Pa Tanfield Lea Stanley Durham DH9 9DB Robson Laidler Accountants Limited Fernwood House Fernwood Road Jesmond Newcastle Upon Tyne NE2 1TJ Solicitor Ward Hadaway, Sandgate House, 102 Quayside Newcastle upon Tyne NE1 3DY rogether. we care. ••• 000 • County Durham & Darlington NHS NHS Foundation Trust • Charlty County Durham and Darlington NHS Foundation Trust Structure, Governance and Management The Charity has a Corporate Trustee. County Durham and Darlinglon NHS Foundation Trust, with the members of the Tiust Board responsible for its governan￿. The members of Ihe Trust Board who served during the financial year and to the date the annual report and accounts were signed were as follows: Professor Richard Scothon - Group Chairman Sue Jacques - Chief Executive Jeremy Cundall Executive Medical Director Lorraine Nelson Executive Director of Operalions David Brown Executive Director of Finance Kathryn Featherstone Non-Executive Direclor Lisa Quinn Non-Executive Direclor (effective from 01.06.23) Michael Brethefick Non-Executive Direclor Steve Crosland Non-Executive Director David Jackson Non-Executive Director (effective from 01.01 .24) Dr Shirley Crawshaw Non-Executive Director Members of the NHS Foundation Trust Board are not individual trustees but act as agents under charity law on behalf of the Corporate Trustee. Non-Executive members of the Board are appointed by the Trust Council of Governors and Executive members are subject to recruitment by the NHS Foundalion Trust Board. The Corporate Trustee effectively delegates the day-to-day operations of Ihe Charity to a dedicated Charity Team reporting to the Head of Communications and to dedicated finance leam reporting lo the Director of Finance. In addition. the Charitable Funds Committee meets quarterly to: Together, we care. ••• 000 • Counly Durham & Darlington IIIEJ Foundatlon Trust • NHS Charlty NHS County Durham and Darlington NHS Foundation Trust Oversee the work of the Charity and Finance teams charged with the day-to- day operations of the charity Ensure that best piaclice is followed in the conducl of the Charity's business and that all legal and policy requirements are fulfilled. Review the performance and adherence to policy of the investmenl portfolio. Approve items of expenditure which ex￿ed the limits delegaled to fund- managers. Provide guidance and d1￿ctIOn to the Corporate Trustee and fund-managers. The Audit Commiltee is required to: Review the Annual Report and Accounts. Review the on-going work of intemal audil during the year. Review the findings of the external audit. Maintenance of the accounting records and general administration of the Charrty are carried out by staff in the NHS Trust's Finance Directorate offices. Individual fund advisors are delegated the responsibility foi the use of designated funds wilhin the limits set by NHS Trust's slanding orders, standing financial instructions and scheme of delegation. Fund-advisors are clinical direclors and managers. medical consultants. heads of department, and ward sisters. Objectives Our aim: The Corporate Trustee shall hold the charitable funds upon trust to apply the income, and using discretion insofar as may be pemiissible, the capital, for any charitable purpose or purposes relating to the National Heatth Service wholly or mainly for the services provided by County Durham and Darlington NHS Foundation Trust. Together, we care. •••• 000 • County Durham & Darlington NHS NHS Foundation Trust • • Charity County Durham and Darlington NHS Foundation Trust Our Strategic Objectives 2. Support our workforce lo be the best Ihey can and wovkje the best poSs￿le care 3. To be finandally sustainable. resFKfflSFve, and well governed that values and develops our staff. actNety practs'dng the prInCi￿e8 of equty. dfver￿ty. and Inclusion In addition: there are also funds that have a more specific purpose, either by legal restriction or Irustee designation, for the benefil of patients within individual services or centres of care. In essence, the Charily is Con￿rned wilh enhancing the care and experience for palients and staff across both acute and community sectors in County Durham and Darlington. That includes the Trust's main hospitals in Durham. Darlington and Bishop Auckland. and a wide range of community hospitals and health centres. 11 also includes the Trust's community services some of which is delivered within the homes of patients and nursing homes. •••• Together, wecare. ••• 000 NHS • County Durham & Darlington NHS IEtE] Foundation Trust • Charity County Durham and Darlington NHS Foundation Trust • ¢o*wDty O•r14rytw Publlc Beneflt The Charity exists to support patient care and wellbeing through the services provided by County Durham and Darlington NHS Foundation Trust (CDDFT). The Trust is an ambitious organisation wilh a strategy called 'Our Patients Matter,. which focuses on delivering the Trust's vision. The NHS is operating within an increasingly challenging financial environment and therefore to support Ihe Trust's ambitions. a more proactive approach to the Trust's Charily was adopted in 2018119. and this has continued to develop and grow thfough the following years including 2024125. Engagement on developing a forward-looking fNe-year strategy began in 2022123 and was finalised and ratified in 2023124. Our charitable activilies focus on providing a public benefit by the advan￿rnent of health and the saving of lives within the whole population served by CDDFT. They seek to improve healthcare services and facilities above and beyond whal is expected from the NHS and are achieved through the encouragement of charilable giving and effective management of the Charity and its giant-making aclivities. The trustees confirm that they have referred lo the guidan￿ contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objeclives and in planning futuie activities and setting the grant making policy for the year. •••• Together, wecare. ••• ooo (Mchanty • County Durham & Darlington E] Foundation Trust • NHS Charlty NHS County Durham and Darlington NHS Foundation Trust ¥) Fundraising, Donation and Grant Funding Highlights The 2024125 financial year has been a positive one for the CDD￿ Charity. with exceptional efforts made through fundraising, donations, and grant funding. This section highlights the key achievements. reflecling the dedication and generosily of our supporlers. staff, and local community. From large-scale fundraising events to individual contributions. these efforls have enabled us to enhance patient care, invesl in new equipment. and support critical services across County Durham and Darlington. We are proud to shaTe the significant impact that these initiatives have had on improving the lives of our patients and communities, here are just some of the highlights. •••• Together, wecare. ••• 000 • County Durham & Darllngton IIRE] Foundatlon Trust • NHS Charity •' • • NHS County Durham and Darlington NHS Foundation Trust Charity buys scanners to benefit patients Our patients are benefitting from new portable bladder scanners that use ultrasound to instantly investigate common bladder problem - in a community clinic or needs be from the patient's home. These three new portable scanners, along with those we already have mean our team of nurses can see and assess patients quickly once a referfal has been received - often from a GP or other health professional. Withoul a scan, the only way to check if the patient's bladder is empty is to inserl a catheter and see if any urine drains. As with any invasive procedure, this carries risks and can also be uncomfortable. Portable scanners use uftrasound to instantly show whether or not the patient's bladder is empty. Patients are both amazed and delighted how quick and easy it is, often putting to rest any fears. •••• T ogether, we care. ••• oo• • County Durham & Darllngton NHS NHS SJ Foundatlon Trust • Charity County Durham and Darlington NHS Foundation Trust Festive Campervans Spread Christmas Cheer at University Hospital of North Durham's Children's Ward In a magical display of Christmas spirit. a convoy of 22 campervans adorned with twinkling I￿htS visited the children's ward al University Hospital of North Durham {UHND) in December to spread festive cheer to young patients and their families. The heartwarming event organised by Durham Dubs and our Charity team brought smiles and joy lo everyone who eXperIen￿d the festive spectacle. The camperqans, each uniquely decorated with colourful lights, designs, and festive characters, created a dazzling scene outside the hospital. Patients, families. and staff enjoyed the display. with some children able to leave the ward and step oulside to see the lights up close. This close relalionship with Durham Dubs looks set lo be an annual event. Together, we care. ••• 000 • County Durham & Darllngton NHS NHS tIUE] Foundation Trust • Charity County Durham and Darlington NHS Foundation Trust Family Raises £1,000 for Special Care Baby Unit after Prernature Birth A grateful family has raised an incredible £1,000 for the Special Care Baby Unit (SCBU) at the Universily Hospital of North Durham, in honour of the outstanding Ca￿ their premature baby received after being born weighing just 1 Ib 150z. You Baby Jaxson was born prematurely at just 26 + 6 weeks, facing a challenging start to life, The SCBU team provided round-the-clock specialist care. helping to support and stabilise the baby during those critical early weeks. In appreciation foi Ihe lifesaving care provided, the family launched a fundraising effort to support Ihe unit that helped their little one thrive. Thanks to Ihe generosity of friends, family, and their community, they raised £1 ,000 to give back to the team. "We'll never be able to fully express how thankful we are," said Nathan, Jaxson's dad. "The doctors, nurses. and all the staff were incredible - Ihey treated our baby like their own and supported us every step of the way. Raising this money is our way of saying thank you and helping other families who mighl one day walk the same road.. The funds will be used by CDDFT Charity to support enhan￿MentS to the SCBU, including comfort items for families, developmental care iesources for babies. and wellbeing iniliatives for staff. Together. we care. •••• 000 • County Durham & Darlington NHS NHS tt2E] Foundation Trust • Charity County Durham and Darlington NHS Foundation Trust Ultra-marathon Runner Sue Humes CDDFT Charty got behind our Suel Our Ward Manager for the Stroke Unit al University Hospilal of North Durham took on The Kingdom of Northumberland Costal Ullra Run on 9 March 2025. Sue ran a massive 54km Ultra Trail Run which started near Bamburgh Castle and finished at Druridge Bay Country Park. Sue raised vital funds for the Stroke Unil (Ward 2) in nol just a personal challenge. but an opportunity to give back lo the patients and families who rely on the exceptional caie and support Sue and her team provide. Every donation will go directly toward enhancing services, equipment. and research that help stroke survivors recover and rebuild their lives. Communlcations, Media and Engagement Growth in Social Media Our social media presence continues to grow across multiple platforms. with significant increases in both reach and engagement. This expansion is helping us lo connect with wider audiences, raise awareness of the charity's work, and support fundraising campaigns more effectively. People-Focused Stories We are prioritising people-centred storytelling, capturing the experiences of patients, staff, volunteers. and supporters. These slories are proving highly effective in demonstraling impact, inspiring donations, and building a stronger sense of ommunrty around the charily. Press Coverage We have seen increased media interest and positive press coverage around donations. fundraising events. and charity-led projects. We have also forged good relationships with Consett Magazine and Durham Magazine. Press releases have been well received and are supporting our efforts to raise the profile of CDDFT Charity across the region. •••• Together, wec8￿. •••• 00 NHS • County Durham & Darlington NHS Foundatlon Trust • Charity County Durham and Darlington NHS Foundation Trust Supportlng the workforce This year: CDDFT Charily continued to place a strong focus on supporling the Trust's workforce thiough a range of iniliatives aimed at boosting staff morale and wellbeing. One such iniliative was the popular"12 Days of Christmas" prize draws, where staff members had the Chan￿ to win excrting prizes kindly donaled by local businesses during the festive season. This initiative, alongside other staff support aclivities, highlights the Charity's ongoing commitment to showing appreciation for the hard work and dedication of the Trust's employees. ensuring they feel valued and supported throughout the year. Risk Management The major risks to which the Charity is exposed have been identified and systems put in Pla￿ in mitigalion. The major external risk to which the Charity is exposed is a sudden fall in the value of the investment portfolio, as occurred on more than one occasion Sin￿ 2000. However. the Corporate Trustee invests over the longer tetm lo ensure that the greatest returns are achieved. Evidence of financial performance over any 20-year period in the last century is that some exposure to a wide range of equity-based investments will add value in comparison to a purely narrow-range. fixed-interest based portfolio. To mitigate the exposure lo risk in this area the Charity has adopted an inveslment policy that seeks to achieve a balance between capital growth and income generalion by using a range of investment vehicles. •••• Together, wecare. •••• OOQ • County Durham & Darlington NHS NHS Foundation Trust. Charlty County Durham and Darlington NHS Foundation Trust These typically comprise a wide range of UK Gilts and corporate bonds, UK and overseas inveslment and unit Irusts. UK common investment funds and UK equities. The UK equity investmenls are geneially constituents of the FTSE 100 Index. There are no inveslments in organisations whose primary business is in tobacco or alcohol prod ucts. The Charity also employs a professional inveslment management company to provide a specialist advisory investment service. The firm is authorised and regulated by the Financial Conduct Authority, whose iernit was set by the Financial Services & Markets Act 2000 as amended by the Financial servI￿s Act 2012. With these controls in place over this area of risk, the Charity was able to continue supporting local NHS services in their drive to improve care and ServI￿S to patients. Internal risk of misappiopriation or misuse of funds is controlled through Ihe adoption and use of Ihe Trust constitution, standing financial instructions and financial procedure notes by staff working on chanty matters. Audit One periodically audit the different control systems within the Charity using a risk-based approach, In(oTrv• Sufflffl•ry 2914125 £380.000 [. 2024125 In¥*5fm•ni £62.000 £525.000 £38,000 £10.000 £1)i.JOO £4.000 £149.000 "£10.000 £314.000 £28,000 £135,000 q)••• Together, wecare. •••• 000 • County Durham & Darllngton IZRE] Foundation Trust • NHS Charity •"• • NHS County Durham and Darlington NHS Foundation Trust New website We are pleased to include the launch of the new CDDFT Charity website, designed to make supporting our cause easier than ever. The refreshed sile offets a usef-friendly experien￿, allowing visitors to explore the Charity's impact, stay updated on our latesl projects. and learn about upcoming fundraising evenls. A key feature of the new website is the seamless Direct Donation functionality. which enables supporters to contribute with just a few clicks. Whelher you want to make a one-off donation or set up regular giving, the prO￿sS is quick, secure, and convenient. Every donation, no matter the size. directly helps us improve patient care and enhance sep11￿S across our hospitals and community settings. Visit our websrte today to see the difference your generosity can make and join us in continuing to support the vital work of CDDFr. The new website can be found at" www.cddftchari nhs.net Together, we care. •••• 000 • County Durham & Darlington NHS NHS Foundation Trust • • Charity County Durham and Darlington NHS Foundation Trust Thank you for your continued support. Together, we care. •••• Together, wecare. ••• 000 • County Durham & Darllngton NHS Foundation Trust • • Charity NHS County Durham and Darlington NHS Foundation Trust Charity Team In January 2025, the Charity Team welcomed a new manager to Ihe role. H￿￿ on the agenda, was an appraisal of the operations and the governan￿ sel over the charity. to ensure that it was fit-for-purpose and that the CDDFT Charity operales with the highest standards of accountability. transparency, and aC￿Ssibl11ty. The charity went through a period of 'change' to arrive to a desired state where il had a modernised governan￿ framework that not only meels all regulatory requirements but also makes il easier for staff. volunteers. and supporters to engage wilh the charity's work. Out of this review came several work-streams which in some cases required urgent attention and in otheis, a rethink of how we ensure the future viability of Ihe Charity. Key achievements Ihis year include: Updated Governance Structures - streamlining decision-making processes, clarifying roles and responsibilities, and strenglhening oversight by Ihe Board of Trustees. Modernised Pollcies and Procedures - al￿ning with best practice standards across finance, fundraising, safeguarding, dala protection, and volunteer management. Accessibility Improvements - ensuring policies are clearer, more user- friendly. and readily available in digital formats for staff and supporters. Transparency and Accountability - adopting a more open approach to sharing information, progress, and impact with stakeholders. Future-Proofing - building flexible systems that can adapt to new opportunities, technologies, and ways of working Strategic Change Previously, the charity had relied almost exclusively on generous donations from Ihe local community. which ensured income was consistent and at a level where we could deliver the services and support for our patients and slaff. However, due to re￿nt economic instability, the charty has seen a decrease in community donations limiting our impact in providing support. Vvhilst we are extremely grateful for the continuing gifts from our supporters. we are now also wotking hard to engage wilh medium to large corporate organisalions who can help our drive lo provide transformational care. Corporate Partners A review of the existing list of Corporale Partners showed that the relationships were not as strong as they could be, and engagement had waned in the previous years. A significant workstream was to identify those organisations we could fe-engage with Together, we care. •••• OOQ *CC(fTCh•n • County Durham & Darlington NHS NHS Foundatlon Trust • Charity County Durham and Darlington NHS Foundation Trust and targeling pathways to facililate our networking activities. Relationship management to retain those partners Plans to engage with Corporate Partners= NECC - Renewing membership of the North East Chambers of Commeice (NECC). Grealer presence at events and meetings. Fundraisers - Building fundraisers for specific equipment, using them as a draw for partnerships. Open Days - Open Days with invites for Corporate Partners to demonstrate our capabilities and service as a Trust. Currently, we have relained 4 of our Corporate Partners and using the Open Days lo attract more to join us. Events and Networking A full evaluation of our event activity was conducted and the viability of hosting and managing events. Given the small size of the team and Ihe man-hours required to plan, organise. and manage events. it was decided thal the more sustainable route would be to invrte fundraisers to join in on already planned events as opposed to us hosting them. This proved effective with the Greal North Run 2025, which was organised solely by Charities Togethei, leaving the team to concenlrate on managing the runners. Away from the NECC activities. the team continued with networking and community activities, holding and Afternoon Tea event and the Easter Egg run. We also increased our presence at business netwotk meetings. raising awareness of Ihe harity and the Trust. Together, we care. •••• 000 County Durham & Darlington NHS Foundation Trust Charity Charity Registration Number: 1053467 Unaudited Annual Accounts 2024125 FO￿wOrd These accounts have been prepared by the Corporate Tnjstee in accordance the CharFties Act 2011 and the Charities Statement of Recommended Practsce (SORP) FRS102. Statutory background The County Durham and Darlington NHS Foundation TFUSt charitable funds held on trust are registered with the Charity Commission and incorporate funds that support the NHS services that we provide in County Durham & Darlington. whether in homes or health centres, 01 in our hospitals in Durharn City, Darlington, &shop Auckland. Shotley Bridge. Chester-l&Street. Barnard Castle, Sedgefield and Stanhope. Main purpose of the funds held on trust The main purpo* of the charitable fur￿5 hekl on trusl is to apply income for any charitable wrpose relating to the National Health Service wholly or mainly for the services provided by the the County Durham and Darlington NHS Foundation Trust. Foreword Coun Durham and Darlin ton NHS Foundation Trust Chari 2024125 Statement of Trustees, responsibilities in respect of th• Tru8te08' annual report and the flnancial statements Under the trust deed of the charity and chanty kw, the Iruslees are responsible for prepanng the Trustees, Annual Report and the financial statements in accordance wth applicable law and regulations. The trustees have elected to prepare the finanaal statements in accordance Mth UK Accounting Standards, includiThJ FRS 102 rhe Financial Reporting SlaiKlard apwKa)le in Ihe UK and RepublK ol Ireland. The financial staten*nts are required by law to give a true and fair view of the slate of affairs of the charity ar￿ of the excess of expenditure over income for that penod. In preparing ihese financial statements. generally accepted accountiNJ wactice entails that the trustees.. select suitable accounting poI￿leS and then appky tt)em consistently., make iucSJements and eslimates that are reasonable and prudent, state whether applicable UK Accountry Standards and the Statement of Recommenijed Practice have been follofftd, sulecl lo any rnalenal departures disclosed and explained in the financial stateffEnts; state ￿ether the financial statements comFdy *ith the trust deed, subpd to any material departures disclosed and explained in the fi'nancol stalemenls: assess the Chafily's a￿lItY to continue as a 9Jing concern, disclosing. as appl£able matters related lo going concern." and use the 9Jing concern basis of aCco￿lIng unless they etther interrtl to ItqUKlate the charity or to cease operations. or have no realistic altefnative but lo do so. The Irustees are required to act In accordance with the trust deed of the charity. wthin the framework ol Irust law They are reswnsible for keeptng proper accounting records. sufficient to disclose al any lime. wlh reasonable accuracy, the financk81 position of the charrty al that time. and lo enable the trustees to ensure that. Ithere any slatements of accounts are prepared by them under section 132{1) of Ihe Charities Act 2011. those ststemenls of accounts comply with the requirements of regulations under that PfOViSK)n. They are reswnsible for such internal control as they delermine is necessary to enable the preparation of financial statements that are free from malenal misslatemenl. whether due to fraud or error. and have general respon51bilily for taking such steps as are reasonably open to them lo safeguard assels of the chanty and to prevent and detect fraud and other irrewlarities. The trustees are responstble for the maintenance and integnty of the financial and other information included on the chantys vRbsite Legislation in the UK governing the preparation and dissemination of financial st8lemenls may differ from le9￿atron in Dtherjurisdictions By Order of the Trustees Chairman........................................,.......... - Date 6.1.26 Trustee . 23112125 Page 1 Independent Examiner's Report to the Trustee of County Durham and Darlington NHS Foundation Trust Charitable Fund I report to the trustees on my examination of the financial statements of County Durham and Darlington NHS FoundatTon Trust Charity (the charity) for the year ended 31 March 2025. Responslbllltles and basls of report As the Iruslees of the chaflty you are responsible for the preparation of the financial statements In accordan￿ wth the requirements of the CharitTres Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Chanties Act 2011. In carrying out my examination I have followed the Direclions given by the Charity ComMiss￿n under sectK)n 145(5) Cash fk>wg 116 3931 500 336 286 13141 261 ac¢lvltles 1091 67 168 116 22S Coun m and Darli ton NHS Foundation Trust Charl 202412 Notes to the Accounts Accountlng Pollelès IA) Basbs ol proparatio The financsal slalements have been wepared uThJ8r the historical cosi convention, modrfied to include the revaluation ol Trn¥estsnents to ma￿￿1 valuè ift a¢cord8nce wilh the Charitie5 Act 2011 and with the gu*Jelir*s set out In the Chafil*s sta￿￿ent of RecomnETrJed Prncbce" ISORPI FRSIo2. The Tnjslees consKl8r that are no matwial uncertaintss about the Charity's ability lo contsnue as a g￿Tr9 concern Th6fe ale no rnalerial uncertainlEs affecting the oJ(renl year's Account$. The key ii5ks to the Chanty a￿ a tall In inec￿￿ from doDal¥)ns or investmeni Income or105s ift value of ts Investment portfolio. Howaver, the Charity * granl-giving faiher than service-p10v￿1fig so there is no matenal risk lo benefl0ar￿S as a whole. TtrE Trustees have mngen*nts in place k) mitKJale Ihe risks Ihrough ts Investment poly. Ibl Fund• $tru¢ture Furwjs are dassrfied as ft￿ky￿'. Endowment funds are heha on trust lo be 18tsin&J by the Clwity as capitsl Where the COrp￿ale Tmstee Is required to rnalnta￿ the whole of the fvnd li * known as peim8neni endowment Income lo Ihase funds is generalty nol SLSt4ecl lo Ihe sarne re51riction as the original fund and Iherelcrfe loims part ol the UTrfeSlr￿led funds. Al 31 March 2025 Ihare were no endowrnenl funds wilhin Ihe Chwity Restrlcted funds r￿n onty be applEd parbcular purposes withwi Ihe Charily's ofyects and hove lo be accounled for gepafaiety IrwTre to 5uth a fund ts gereralty subject lo the same resl1icl￿n as Ihe original lund Ai 31 March 2025 ther8 17 restsic1￿ fv￿$ Uni•gtricted lunds arn availablè to apply for wy general chanth￿ purpose of the Charty. WhLYe the Corporate Trustee earmarks unrestncted funds for particular PWFrf)ses Ihen such funds are described a¥ 'designated" lurKls bul rem&n part of the Ctiaftiy's unrest¥icted lunds for acctyjnting purposes. Al 31 March 2025 thgie were 90 suth funds. ma￿ty de54naled to partbcular servbce or wa(d purposes. 1¢) Income Income is ￿t09n1$ed once the Charily has enlitlemenl to ihe resource5. It is probable (more likely than noii that the resourtÈs will be receNed and the monetary value of ran be measured wilh sufficEnl reliability. Conoilions rNst be mt befo￿ the wKome Is reccrfJnBed as the entl￿eMen1 WKlrt￿Jn wil not be satsshed until IhBI point. Where terms ￿ conditKJns havo nol bew) mei Of uncertainly exists as lo thther they can be mel then the relevant is r*)1 le￿niSed ¥) the year bul deferred and shown on Ihe Balan￿ Sheet as deferred rtome Durham and Darlin on NHS Foundation Trust Charf 2024125 Id) In¢oma Irom le9XiOS Legacies are account￿1 *)r as we pilher won [￿¥1p1 Of %*fe Ihe iec*i al Ihe legacy is yobable. Receipt Is probatyle wknen". - Confimaiion has been received Ircrfn the representatives ol the eslale{s1 Ihal Pfobale hJs been granted The execvlors have eslabhthd ihal Ilwe are sulfioèrt assels In the Èsiate io pay Ihe legacy ar - Al cond*ions attached to Ihe legaw have been bjlfilkd or we vrtlhn the Ch8nty'8 crrtrd. If there Iy LrKethnty as to the ￿OUnt of the ￿JaCY ar¥J be rdk4bly eslHn*ed thè tegocy ￿ sh¢*m as a cortingenl assel ty)hl all of c(￿rth)n5 for Inc(￿£ wnition are met. (•> Exp9ndItu￿ and irrocovernble VAT All expendilure Is accaunled for an ac£n￿￿ ba*"s and has boen classtfied ￿￿er headin08 th818ggregJte all co￿$ fèlaied to each eategory of expense sllohr n ihe Ststement of Fi￿la1 ACIN"1￿$. E¥pernhlufe is reets3Thsed w￿ft the e￿Ier# ¥e nw. . Tlwe is a presenl le9* or CO￿l￿￿tr￿e (Wi9abon trom a pasl evenl Is mrKe likely Iliaii nol thai a transfef ol bÈnefi16 a i>sh paym￿￿) Voil be requred in setttement. pnd - Ttr* amount of the oblbJalon can be ffeasured esiimaled rehabty. Irreco¥erllbk VAT is char￿d Ihe c*g0ry Df rescrtwces expwxkd lof il was In￿￿tsd If) Recowlllon of expendlturé and assoclated Ilabllltltrs as a résult of granl Grants payable are payments made to I￿ed, felaled p8ty or thwd p8rty NHS bodE3 a￿• non NHS bodips, Iwtherance of tharilab* Ot4e¢b￿ of Il* funds l*&1 on lrnst. pKHMarity ieli8f ol those vkno are sick. lil paymeims a￿ recogntsed as exponditLXO %¥hon tho ccrf)tht•Jn5 ts"r paymtri Iwe been rnet or vknre thete is a c￿nStrUc{1Ve obl￿all(￿ lo rnake a pa￿ent. A eonstrudive otAigab"cn t*tye8 - Wè havo rAmmu(McawJ Ouf inteNKJn to avrard a granl to 8 recpienl Ihen has B reaso¥plle exwclation Ihat they WAI ￿ cetve 8 granl - We have made a pulJK anrioUr￿ert￿fiI abtyl a is sperik enowh for tl* iec4)ienl lo have a reasonable expe¢ttabon thal Ilw VAI TeceNe a grant Bnd - There 1$ an es￿bI￿￿ pattem ol prac11￿ lo reLJ'PWII thal wtl trKmur our commrtment TtE I [￿lee5 have conlfol over I1￿ am￿JnI alld of pay7nerts aThY eon5equentlyvknere approval has boen gNen by the TnJstees and any ol the a￿Ve cr￿erIa have rnel Ilw a liab￿lty is fecognised. Grant5 are not usuaty ayrn￿led bmth c¢ypJrt￿n5 ullache(l. Hmvei, are then those condi1￿￿5 have lo be rT*l belofe h8bdly ￿ re(XJgn￿&d. WherE an inlenlir)n ha8 not been C￿M￿￿C41￿d. Ihen m oxpendrtwe $ reCOgn￿e0 bul an appropriate designalion Is mattè in Ihf. dppropnaiè [￿￿1. If a grant has t¢en offered bul there 18 uncertainty as lo whelhèr Ll accopled or￿Tr[ condiborys VAI be fflet then no118blty 15 recognised IM conb"ngenl liatslrty is di8ckn8ed. P•3e 7 Coun Durham and Darlln ton NHS Foundatlon Trust Charl 2024125 191 Allor•tion of ¥upp¢)rt ¢o•ts Support co￿$ are those costs vthich do not relaio io a ￿rYJ￿3 adivTrty T￿se *)clLMle some staff C0515, Costs of ￿1r￿InIstraI1oD intemal aTrJ exlernal wJdil costs and IT 5WWt. Support cos15 have been appo￿.Oned b*4*en fuTrJfaisiry costs aThJ chariiaNe a¢1￿11￿ on an apprapriale ba$tS. The arwis o13upwt costs and the bases of appoits(￿ffjent 8re in note 12 Ih) FUndrai￿ng Costs The costs ol generatry f￿￿S are those costs aiiributable 10 9onofarb'rKJ irwme for Ihè Chafrty. olhof than Ihosp cosis Inth*￿d In in1eflakry ¢h3r#able Jctwrt*s or ¢0¥13 inirye(l in untSert8king ¢fJth'ng o¢tivilie8 in furtherance of the Chaoty's obJed& The costs ol gew)&rat¥wJ ioproseni fundraising cosIS logelhef th inveslmenl managerwwl lee5. FiwKlratyng costs indude eXPer￿e3 for fundr3Trry activiljes nd a charge paid to a felaled party. Ihe County tkxham & Darh'rvjlon NHS FT. ￿ cover fA)sls of salar*s ol Ihe slalf are involfftl In Ile colieclion of lu[￿$ Il) Charitabl¢ a¢livities Costs ol chafilable actN*ies comwv4e al costs inpJred in wsul Of1￿ tharrtable ct*prAs of Charty. These CL)St¥. nol %•A)olly •ttnbutatye, are Bpp￿t￿ned t￿15*￿en Ihe ￿tegories ol thaTil8L)le expendrture addition to the direct costs. TP* iotal c051s of eath category of tharilable exper¥jrt￿e inclLKle an appOr1￿M￿le￿I ol supporl costs as Iri ritAe 12 ljl Invèstm•nt Ilxvd assots InVe5t[T￿lS ale a form ol basic finartLaF nstnjnenl. Fixed assei Investrnents a￿ irW retc0n￿d ai Ihpir Iran8aclKyn and are subseq￿￿1￿ n*aswed 31 t￿.1 fa￿ Irnarkel value) B5 al the balance sheel dale. The Staiefflent ol fina￿1￿ Adi￿t￿S indudes ￿ nei g•Trs and losses arising on revalLJaiion 4tid disp()sals throuyhoiil the ￿Or Quoted slocks and shares are inthled in the 8akn(t Sl)eel 81 the current mafkel value quoted by the wweslmenl anal￿1. exduding dmdend. Other inveslrrthts are ncknled al fv TNslees' besl estyrDale ol rD*kel vakn*. Thè m*n Iiym of fnanoal risk lar*d by ts char￿ is Ihal of v(Oatil"ty m eqilty markeis m¥eslmenl m&rkets due lo wder econoffj￿ coTrJrtians. Ihe attrtude of investors to in¥esirnent risk. aFKI charKJes in $eiiliment con¢eininy equil*s aiid pbrtiuldf sedlxs oi ¥ub 5e(aws, Fuithe¥ ir4fwmatson on on Its Chariws inve31menls can be lotsnd in note 16 Dobtorn Dobtors are amounts lo thrdy. They are measur•J ￿ I1￿ baws dlhe¥ fecovefable amounl. 111 Cash and cash •qulvalèrtts Cash al bank and In hano is I￿ld lo fr￿et IhE day to day funnr¥J CD5ts ol the Charty 85 fall due. Cash eqthvalènls are SW term. PwJhty IKiwd kNeslmenls, ￿l￿alY in ￿ day rnI￿e ii?Iwest bearFn9 sB¥ings accowiis. Im) Credltors Cig.dilors are air)ounls owl by the CPiarrty Tlw a￿ ffE8swed al amcrtml Ihijl Ilie Charity e¥pec15 to hBve lo pay lo settk Ihe debi. Amoun￿ vknch are in Ihan a year are Sho￿ as iemi creorale donatlOll5 Legacies Grants Recharge inc( Totsl voluntary Income 129 23 79 24 149 235 73 308 5 Income from charilabl8 ¥clivitie8 Unr8Stncted Reslrthd Fund8 Funds Totsl 2025 Total 2024 £000 Educab"on and trainiro evenis Other event5 Total lrtcome from charltable actlvlUe8 io 10 10 10 18 P**4 13 Cou Durham and Dafl ton NHS F undat 2024125 6 In¥ostm•fflt Incom• 2024 E•rned from: Fquiiies (BOY Owerstsas EtwI'Je5 14 12 19 10 P..apwTrr TOMI lrnv•*thi¢nl Incofft• 62 7 Role ol volunteers CharKy fe418s ￿ h•)rl arfvi5L¥5 acting in a ￿T￿ntary cwity. ta manpge ts md1￿1￿1 haiii*)k ILeds The •Jvisors arE ty￿aNY of 1he clyp￿8'.e Irusiee. i1$￿1¥ w*y knicai and rnanayenem stafl WIK) we W pwe# w ottide the ol *h)n •. An•ty$61 ol *x￿￿1￿* on raising lunds Unrestrt¢ted Regtrkled TfAal 2025 T(rtal 2024 IrNestmor* Maffjgerl￿ cnttrtt¥ Qow￿0pM￿nt cnsls er suppox c0515 Totol *xpwrxlit￿re on r•l•lry fufvJ• 41 45 '.50 165 92 135 b. An•ty•h o19Mp•ndituv• OA other ant Td•l 2025 2024 .o(>u 240 37 241 FtsrihèiartÈ aiciwrty fL)JKtThes Oknef Expenddure Third Party Fxf.e[￿rfwQ Totsl expenth.iure t)n oth•1 •rn•s 45 23 297 9 Anaty81s ol ¢h4rltabl• •¥p•nditurn The Chaflty di(1 any orfect thiies Iho y. but *varthd grarts io Cnunfy D11rh￿ & narkn9ton NHS to w)abh) *1 io Imk¥tr* Ils sthTrKe5 edthiK¥W ameniK4 ExFwvJibJt* fftr *t1vty Iwth"rvJs iy Bs fd1￿. 2024 To1 10 Pledjc4 iegeart Stair &SuCa1￿ and w8if¥• Pab+rt and Other ¥uiprn&it arKI fefurts51¥nwl Total charitable ex￿nd1¢￿Te 14 15 282 10 235 291 3x1 Cou L￿rha￿ •nd 2412 10 Analysis of grants The lo￿ m51 Df granl.rnakng gJkVJt *JJSts. Is wr ol acw th8rJJrsenwi. swx)rt ¢¢srs. isOs¢lxfyl wi NHS patierts￿ fUrtr*r￿￿￿ arr¢. adiv*iies In ￿Or￿al￿e e5W,$l*d 5twKlry ¢yders ln51nKib￿. 5FawJry ￿ad• urldw tre schom• d oeltyatson ropresent onwmg aryj I is pos>ile 10 gegrn*YIt &lp4ieS ir*0 (hs¢rfe rti¥*Yual grwt 8w#s Ir)Svi**J we nc4 by lh8 corrx)raie hlwd Tot•1 paid 2025 Ttx•I paid 2024 ofrtyipert" col￿ty DI￿h￿ & NHS TDJ5t Total gr*thts 217 217 11 Commltmonts CWStrucIr￿e cth3atm in plxe ai DI the fifjaxial Tlw rw#wt ltr The Chanty wrd$ 8 TrJn*erol year. p•a sar* f￿￿81 y Iho Chanty ¢kn we fLTh*r*] w a [￿)Y 12 m¢¥*8, 80 al ¢1￿1￿ttY￿￿s at 31 2tr25 AtWe>¥thl tr) bg Sglbj Il* >*¥ As 15 crrtrd DW8r aThJ Vw• ar￿4￿8 these p•rfn. errts 2024 Commitr77ents ￿￿Slan￿1￿ ai 1 Comm1trTelltS 58ltleJ thrirTg Now ear Yolal Comnknmnts outstandlng at 31 IAarch 49 149 1231 49 49 lh(x￿n the Ptyrcnase Oroer8 we ¢JJrwwJ ￿24r￿s sWV￿6 TMII b& the foHwng 202Y 12 All¢>catlthi of &upptsrt costs and o¥•rtw•ds - Time. bas•J on gsbmal￿j cosl crf $1811 bme Cbwty . Ex￿&t￿te wge¢ on ￿, 8uoss he&ty bB5eJ lunè Rariry Chwrtab Fund• A¢11￿11•¥ 2025 Totsl 2024 Totsl Intern* aud I￿*F￿ndent E>affltw &*suiplic &aN 8W)WI St8ff Ir&niry Total governance C￿1$ thknie rlne Is 15 14 16 E¥em8 ex[￿¢￿￿￿e Otr￿r oweTrJiiwe Staff gtspF4Yt rwne TOMI lupport ¢08ts •nd ¢)v•rtb•ad• 19 115 17 Psg? 15 C¢Ju Durham and D•rfln on NHS Foundathn T 41 12 Allocatlan ol $upport ¢otsts and overhe•d¥ lcwtrn￿d> Costs hav¢ f¥*rw ￿ it* t)asFS ol aver•30 baianc8s as Unre6*ri¢ted Regidcied Funds Totsi 2025 £0 Tothi 24 15 238 253 SupDOn Costs Total supwt cmts and overheadg 73 224 233 158 13 Tru¥t¢¢J' rnmunoT*tion. bongfits Ind oxp•ns•s NO ￿.rter of Trll￿ 8()aro re￿,Ve¢ re1mt)y4w.￿I lty Ilw thJ*•s tots Charily No merter ol ih) Tru51 Board rec•*￿& [¥Mut*￿i￿ *¢Jm c￿.￿11ty (kjmg yetv Trknst Is rernurvai￿J by CuJr(¥ t*Jthan afvj NHS TfL& Tolo as apd No0.[xec￿1¥O DIToL*YSLrf h Tw51 14 Anatysis of staff costs and r•munèraiion èl koy manag•ff*nt personnel Charrty doBs not d.r&Yy ernalo¥ ony 51aY bui the suppon. of Slalf by thgcorty￿3k• Tftsske Ali siafl by Cthrty Duth8m NHS F(AJfKJWh* TrI￿t Kèy per50Mel swh t1￿ Oe¥elW ae iecJw9orJ trtyn tlw Tr&￿ ky ¢￿ty. IS Indep8nd•nt Examination The lTraeper.¢Jeot af £3.((Q sEldy the 2)24125 18 . Fix•d As*•t knv•itm•nt• Movement In Flxed Asset In¥•stm&n 2025 2024 whJo at l Awil kl" 4thJitws la r.hpslrnvmt ai ¢c¢i Less th8F>Jsa wwtJS L855 movement in lnvesirn￿ll l ths réwlisL*I wwoslfnwt ganfhiss ¢J 11•55" ullTg91i5•* 9￿3 Crt rt¥atst L¢ss 01￿1 athdsiTY.gnt$ Markèt valuè at 31 March 2267 314 (3211 121 io 2.486 336 17231 1551 IB Hl*torl¢ c￿1 •t 31 Ma￿h 1.788 b. Inv•sbm•nt portloliti ¢onten¢ 2024 UK Bot￿￿. UK Gufft$ UK Equiti Ove[￿$ EwiK)s ProppJty 122 115 119 1221 1,162 59 162 Owerseas 148 2.214 2.161 Total IThvo8lThnts 1267 Individual trolthrys c￿E￿Je(ed lo ts ffl8tefial ¢59d09we if ttw rWewrtm￿o 5% c4 th• tsir value ol the 0￿110110 ai Ela1￿ da*. 2024 £000 217 Vanywd Furd5 PLC S & P ETF Aviv8 Ifwe5taTr US Equty SHARES CORE 58P BlackroJ( FU￿ Mwa￿1 Lld Fhlèlity UCITS ICAV US Total Irwulments r•pr•s•ntlng mor• than of th• portfolo 238 129 12e 717 126 634 P•Je 16 Coun Durham and Darfln ton NHS Foundatlon Trus 16 Fixed asset invostsnfjnt¥ Icontinu•d) All invéstménts aTr c¥n•d at their fair Vakn, as *I¥￿•y by Ihe Chaf*Ys 4wnted investment RBC Bte*n Do￿￿'n. The main risk relating lo Investn￿n{S 5tll hes ￿ the combinalTh of v(A8llrty In l¥)arfial walu8tiOns aThJ ielurns. The valuat￿n of nvestmefil lor 2024125 re8th￿ a 2 7% ypkl againsl Inc¢Th PMlok* nel ￿ormanC• over rollng 3 year period wa5 11'A against 8%. atthovgh the￿ has L*en a Tall ￿ Ihe ￿Trent yèaT'S pèrformaneé i1w￿le[l by inf1th￿n and cost ol Imng, wh¢h I￿$jd¢S Intemol￿naI ￿nIkts. The Char*y man4es these inveslmert ￿￿$ ty iakiry professw)nal frun quabfod. regulated. in¥e5tment advisors, who manage portfoho Ihe parameters of an 4iÈèd Inve￿m￿nI pohcy. 17 TranxfeTS between charltable funds During 2024125 Ihefe was a Ir8nsfef to the C￿ntaI Suiwort Swvres ICSSI Fund of £5.129: £645.80 w8$ Iransferne(I from Ihe Gum Unit and £4.483.20 fTc*n the Radiology fund. The CSS. Gum Urlll Bnd Rad ru￿jS ar8 am unfest￿ted funds. The transfei was 4Jw. io Stre8n￿lne fwwjs. Gum Unil Jnd R•U*)kgy rurNI8 were closed and moved ￿10 the main CSS fuiMI. 18 Analys1• of debtor• Unrtrstrkiod Funds Restdct•d Funds Totsl 202S £0 Tolal 2024 £000 Amounts falllng du• wlthin one yoar. Accrued Income Piepaymenls Total dobtOV8 19 Cash at bank and In hand un￿￿trICted Fund5 Restrfcted Funds To 2025 Totsl 2024 £tNJO 225 225 GBS Bank Account Total cash at ban* and in hanql 61 61 116 55 20 Analy818 ol crnditor8 Unr•8trictod Funds R￿trIcted Funds Totsl 202S 2024 Amounts lalling du• within one yeir: Accruals for grants due to NHS b(¥J Other a¢cTr￿lS Totsl ¢redltors 151 159 132 151 159 132 Accruals Iof gw18 to NHS b￿jE8 represent dup lo ts Counly Dutham and Darlin9lon NHS FT for costs W￿Ur1ed Trust cffl behal of the Charty in ffvan￿ ol ts t*4&Xs. P898 17 un 202412 21 Analys18 ol chariiabh funds al Endowm￿1 lunds Balan￿ Incomky Reyourcw Tr￿¥1￿5 Gaing and 8all￿e Lo46e9 J1 Meteh 2025 2024 Total •ndowfflgnt funth Th*è*e cwiern￿ w eThJ¢wrem fLVK13 bl Rewicled lund• B*l•n￿ In¢omhig fr*tsl•r* Galrn ind Balancè 31 March Re90Y￿e* Expendod Lossog Jl Mirch 2024 ZD25 £000 27 UHND Maiefnty 8tsicavefftont Su.'gral Ofwiogy- iJiiND TIC Klentri Heam Prgeas SIFrJ(e Rehho Chp.rnTh￿eTrryV Exten￿A[￿l PaLYliairt Le4Ectr Fur 28 [31 12 142) 12 263 CSS MALTA LEGACY FUND (tsi 101 1211 [31 Cancor SÈNces Fun car￿￿r Sei*tes Fund . Jean CaidiaL RLwthch F￿￿- Sub FWKI I Cardiac Re￿￿ch l.u￿. Le9acy Sutr Fur¥J 2 Oylhalmuow ￿j¢se9 Furfj. SUB I IJND 1 OpYhakndo¥rf ￿Tse5 Fyrnj. Sim fLINO 2 abeles Fwd Co¥KI-IQ GEreral fvTrJ. CiOF Charty d￿ek￿r aik LÉgaty Total reslrfct•d lund• 70 49 24 (51 14! 1261 Js 19 705 1136 26 li also irfudes I(￿V￿￿5 aw15 Fyus 4rNI any rLrwv•J reJtr¢lbx tyl twexrthdfvte e) unl￿1￿¢1¢￿ lynds B•laK• Incomhyj Rosourt•s T¢ansl•rs )1 R•wirt•s e¥pwid•d 20Z4 Gabns & Balanc 31 March 2025 £0 •Bz 112 127 74 37 Ji 35 De5ignaied fundy.. F￿1 16BI SS FWKJ ITU Fund Mara UThl lduc0￿n Trbst FLvK1 Patha',we Care P￿￿ Di*ies Fwxl P4edialK Dthic 103 45 41 1251 1351 1301 47 40 39 (81 Paothatri£ (TreetOP5 ?y 724 1218 700 Degignaied iurnls: Otr*.r Ilha (Jnosl Non.deyignated lund9: Unrp.theEI Inwestrnents Gawwl095es CDDFT Gerwal Fund 453 151 42J 1421 247 197 191 81 {82 1821 Total unrestric1￿ fvnds 1.657 216 13091 13 The IhreJfthJ fewrtty kx#Js11 S•t T1￿ as a b*m ¥Y£50 000 tr athJve The above irpj ¥idudy anaWe5 10 fund WrtI1n unre51rth# furds The purpllse5 Of Ihe unresirKieO fvnds we10 ctwtstAe kXMF4)gerw4ry WIS, rrwty tts)se N*IS seryKtt pro¥l(Y&Y ty e hc6t FouThYabory frusl. The l￿f￿a*S0￿ Investn*￿ G*￿ILos585 fur￿ E(ryn5es the Lweahsed n¥èsknenl ws dL* Io Lmrestrcied fixth. The¥ ¥e bw"r#J alIC￿ated ￿ra85 all Unrestl￿ted furxts bLrt a certrl fLmd kn rr¥bg* aw31 me ft8k of fthixe h)58 Tot•1 for S ￿n￿trI¢lad lun￿ •8 525 P•Jè 115