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← Essex Partnership University NHS Foundation Trust Charities

2025-03-31-accounts

ESSEX PARTNERSHIP UNIVERSITY NHS FOUNDATION TRUST CHARITIES

ANNUALREPORT AND ACCOUNTS2024/25

ANNUAL REPORT AND ACCOUNTS 2024-25

ESSEX PARTNERSHIP UNIVERSITY NHS FOUNDATION TRUST CHARITIES ANNUAL REPORT & ACCOUNTS 2024/25

ANNUAL REPORT AND ACCOUNTS 2024-25

CONTENTS SECTION A

|ANNUAL REPORT AND ACCOUNTS 2024-25

CONTENTS
SECTION A||| |---|---| ||Page| ||Number| |Foreword from Chair of the Charitable Funds Committee|i| |Charity Information|iii| |Report of the Trustees for the Year Ended 31 March 2025|iv| |Statement of the Trustees’ Responsibilities|x| |Independent Examiners’ Statement|xi|

SECTION B

Charity Information
Report of the Trustees for the Year Ended 31 March 2025
Statement of the Trustees’ Responsibilities
Independent Examiners’ Statement
SECTION B		 iii
iv
x
xi
Page
Note Number
Foreword to the Accounts 1
Statement of Financial Activities 2
Balance Sheet 3
Statement of Cash Flow 4
Accounting Policies 1 5
Analysis of donations and legacies 2 8
Analysis of income from other trading activities 3 8
Analysis of income from investments 4 8
Analysis of expenditure on charitable fund activities 5 8
Analysis of support costs by type 5.1 9
Analysis of support cost by activities 5.2 9
Gain / (loss) on investments revaluation 6 9
Investment Assets 7 10
Changes in investment assets 7.1 10
Analysis of investment assets by investment manager 7.2 10
Analysis of receivables due within one year 8 10
Short term investments and deposits 9 10
Analysis of cash and cash and cash equivalents 10.1 11
Reconciliation of net income / (expenditure) to net cash 10.2 11
flow from operating activities
Analysis of creditors 11 11
Reconciliation of fund balance at 31 March 2025 12 11
Trustee and related party transaction 13 12
Trustees remuneration and benefits 14 12
Staff costs and other benefits 15 12
Contingencies 16 12
Commitments, liabilities and provisions 17 12
Post balance sheet events 18 12

ANNUAL REPORT AND ACCOUNTS 2024-25

SECTION A

ANNUAL REPORT AND ACCOUNTS 2024-25

FOREWORD FROM CHAIR OF THE CHARITABLE FUNDS COMMITTEE

Welcome to the annual report and accounts for the Essex Partnership University NHS Foundation Trust Charity (‘the Charity’) for 2024/25.

Over the last 12 months, the Charity has continued to support and encourage fundraising initiatives and is keen to build on these opportunities going forward. These funds allow us to support our patients and staff with providing the best possible care and facilities to our patients. Some of the good work able to be undertaken during 2024/25 as a result is listed below:

The donations and fundraising efforts of our patients, staff, volunteers and carers have made this possible, and I wish to thank everyone who has so kindly supported our charity during 2024/25 – every penny really does make a difference.

There are a number of ways which you can help support the Charity and we are always happy to chat through any donation, legacy or fundraising ideas you may be considering – please contact the team on epunft.charitable.funds@nhs.net . Other ways to help include:

Looking forward to the 2025/26 financial year, the League of Friends of Saffron Walden Community Hospital closed and kindly donated their residual funds, totalling £292,029 to Essex Partnership University NHS Foundation Trust Charities. The Committee thank the League of Friends for this donation and their work to generate funds over many years. The money has been ring-fenced for the benefit of Saffron Walden Community Hospital to allow the Charity to continue their good work.

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ANNUAL REPORT AND ACCOUNTS 2024-25

Once again, thank you for all the support offered to our Charity during 2024/25. I look forward to building on this further in the coming year to ensure we are able to support both our patients and our staff.

Dr Ruth Jackson Chair of the Charitable Funds Committee / Non-Executive Director

3 December 2025

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ANNUAL REPORT AND ACCOUNTS 2024-25

CHARITY INFORMATION

Name: Essex Partnership University NHS Foundation Trust Charities Trustees: The Corporate Board of Trustees of Essex Partnership University NHS Foundation Trust Charity Number: 1053793 Charity Offices: Essex Partnership University NHS Foundation Trust Head Office The Lodge Lodge Approach Runwell Wickford Essex SS11 7XX Independent Examiners: Ernst and Young LLP City Gate St James’ Boulevard Newcastle upon Tyne NE1 4JD Bankers: Lloyds Banking Group 34 High Street Grays Essex RM17 6LX Investment Brokers: BlackRock Investment Manager (UK) Ltd 33 King William Street London EC4R 9AS M&G Securities Ltd Laurence Poutney Hill London EC4 0HH CCLA Investment Management 80 Cheapside London EC2V 6DZ

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ANNUAL REPORT AND ACCOUNTS 2024-25

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Introduction

The Essex Partnership University NHS Foundation Trust Charities (referred to as the Charity for the purpose of this document), registered charity number 1053793, was renamed from the legacy organisations name (South Essex Partnership University NHS Foundation Trust Charity) on the 1[st] April 2018, as a result of the merger of the former North Essex Partnership University NHS Foundation Trust and the South Essex Partnership University NHS Foundation Trust and their associated Charities.

The purpose of this report is to inform users of the accounts on the structure, policy and objectives, and governance arrangements of the Charity. The report also covers funding arrangements and a high level financial review for the year.

Going Concern

These accounts have been prepared on the basis that the Charity is a going concern. This means that the assets and liabilities of the Charity reflect the ongoing nature of the Charity’s activity.

Scope

The objective of the Charity is that the funds are made available to benefit the patients and staff of the Essex Partnership University NHS Foundation Trust (the Trust), or for any other NHS organisations on behalf of whom the Trust administers funds. This is in accordance with the Charity Commission’s public benefit guidance.

The Charity is sub-divided into a number of linked funds, each of which has a specific purpose and this determines the type of expenditure that can be incurred. Each linked fund is further broken down into smaller funds which are assigned an individual fund number. Each fund has a designated fund manager who is responsible for approving expenditure against the fund, monitoring fund levels and co-ordinating fund raising activities where appropriate in accordance with the scheme of delegation.

Objectives and Strategy

The objective of the Charity during the current and future years is to support the needs of patients and staff of the Trust, in improving standards of care and facilities, within the scope of provision included above.

In seeking to achieve the Charity’s objective, the Charity actively encourages donations and fundraising.

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ANNUAL REPORT AND ACCOUNTS 2024-25

Funds

Unrestricted funds are those which are not subject to any specific restriction, but can be used in accordance with the general purpose of the Charity, to improve standards of care and facilities for patients and staff within the scope of the Charity.

Restricted funds are funds which are subject to specific restrictions, over and above the general purpose of the Charity.

Structure and Governance

The charitable trust, which is an umbrella Charity, is an unincorporated body, with each separate restricted and unrestricted fund within the charitable trust being governed by its own model declaration of trust. The model declaration of trust sets out the specific or general purpose of the fund by way of its objects. This structure enables donations received into the restricted funds to be used for the purpose intended by the donors and those donations given for general purposes to be controlled.

The Charitable Funds Committee has delegated authority from the Corporate Board of Trustees to approve applications for funds up to £10,000 in accordance with agreed criteria and the Charities objects. This Committee is overseen and monitored by the Corporate Board of Trustees. The Corporate Board of Trustee is the Essex Partnership University NHS Foundation Trust, with responsibility for the management of the Charity undertaken by the Board of Directors. Any provision for training and induction of Trustees is therefore covered under the ongoing requirement of the Board of Directors.

Reserve Policy

Fund managers are encouraged to use the funds available to them. The Trustees aim to ensure the value of the overall fund is maximised in line with the Investment Policy and will ensure that the capital value of endowment funds are maintained in perpetuity. The funds will continue to be used to improve the standards of care and facilities provided to patients and staff.

As at 31 March 2025, total reserves amounted to £1,077,586 (2024: £1,079,012) is held in reserves, of which £28,116 (2024: £28,116) is held in an endowment, and £567,420 (2024: £568,390) is restricted. The remaining £482,050 (2024: £482,506) is held in unrestricted reserves.

Investment Policy

The Charity has an investment policy which aims to achieve a split of funds between investment in the unit trust and deposit style investments. This is maintained in order to meet the spending plans of the organisation. This also provides detail around the Charities corporate, social and ethical responsibilities in terms of where investments are made.

Funds are currently invested with the following investment managers:

BlackRock Investment Management M&G Securities Ltd CCLA Investment Management

The Committee is responsible for reviewing and updating this Investment Policy on a regular basis.

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ANNUAL REPORT AND ACCOUNTS 2024-25

Risk Statement

The risk to the Charity is that equity investments may be adversely affected by a material fall in stock market values. The Committee will continue to monitor risks at its meetings, and obtain professional advice where appropriate with respect to its investments.

Funding

Income is received from direct contributions from the public, in addition to income from dividends and interest receivable. Fund raising activities are encouraged by staff or the public.

Each fund receives a proportion of dividends and interest received from the investments in accordance with the average fund value. This basis of apportionment is also applied to capital losses/gains, administration expenses and the management fees of the investment managers. The Committee consider this apportionment equitable.

The investments are made in accordance with the Trustee Act of 2000. The investment advisers have been instructed to exclude any direct investment in the tobacco industry, as this is considered inappropriate for an NHS Charity.

The Charity also follows the 2017 Money Laundering, Terrorist Financing and Transfer of Funds Regulations which came into force on the 26 June 2017 (superseding the 2007 Regulations). These regulations aim to ensure that there are robust arrangements in place to ensure incoming resources, especially cash donations, are not the proceeds of crime.

Financial Report for the Year

The following information is taken from the full accounts for the year, which are attached in section B, and details how funds were raised and then spent.

As at the end of the 2024/25 financial year, the Charity had a value of £1,077,586 which was a small decrease of £1,426 from the previous financial year. This movement consists of,

  1. Total income of £114,845 (2023/24: £98,384)

  2. Total expenditure of £135,644 (2023/24: £110,444)

  3. Unrealised increase in investment values which amounted to £19,373 (2023/24: £19,990)

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ANNUAL REPORT AND ACCOUNTS 2024-25

----- Start of picture text -----
FUNDS RECEIVED
Other Income,
£2,517
Donations,
£25,726
Investment
Income,
£49,311
Grants, £37,291
----- End of picture text -----

FUNDS SPENT

----- Start of picture text -----
Support &
Fundraising Patient Welfare
Costs, £39,412 & Amenities,
£45,765
Staff Welfare & Amenities
(including £40,979 funded
by Grants), £50,467
----- End of picture text -----

Expenditure on patient welfare included:

Expenditure on staff welfare included:

The Charity does not directly employ any staff; however a governance (support) cost of £31,000 to cover staff time was made by Essex Partnership University NHS Foundation Trust. Independent examination fees of £7,000 were also charged to the Charity. Governance costs are charged across the funds based on the proportion of funds held and are considered each year by the Charitable Funds Committee.

vii

ANNUAL REPORT AND ACCOUNTS 2024-25

Trustees

The Corporate Board of Trustees of the Essex Partnership University NHS Foundation Trust is the Trustee for the Charity. As at 31 March 2025, the Board of Directors consisted of the following individuals:

Paul Scott Alex Green Dr Milind Karale Nigel Leonard Andrew McMenemy (from 13 May 2024) Ann Sheridan Trevor Smith Zephen Trent Denver Greenhalgh Marcus Riddell (to 12 May 2024) Professor Sheila Salmon (to 31 March 2025) Dr Mateen Jiwani Dr Rufus Helm (to 31 July 2024) Diane Leacock Loy Lobo Elena Lokteva Jenny Raine (to 31 May 2025) Dr Ruth Jackson Hattie Llewelyn Davies (from 1 April 2025) Richard Spencer (from 28 April 2025) Sarah Teather (from 12 May 2025)

All appointments to the Board of Directors of the Essex Partnership University NHS Foundation Trust Board are also the appointed Trustees of the Essex Partnership NHS Foundation Trust General Charitable Fund. Non-Executive Directors are normally appointed for a fixed term of three years.

Administration Arrangements

The Trust holds bi-monthly Board of Directors meetings, which include an update from the Charitable Funds Committee at least twice a year. The day-to-day management of the restricted funds has been delegated to Fund Managers who have delegated authority to approve expenditure of up to £5,000 or the balance of fund (whichever is lower).

The Corporate Board of Trustees has delegated the management of the unrestricted funds to the Chief Executive of the Trust.

The Corporate Board of Trustees has retained approval of expenditure commitments of a recurring nature and approval of expenditure over £10,000, with the Charitable Funds Committee approving expenditure of between £5,000 and £10,000.

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ANNUAL REPORT AND ACCOUNTS 2024-25

Independent Examiners

NHS Funds held on Trust are subject to the 2011 Charities Act, which superseded the 2006 Charities Act and states that all Charities with a gross income of more than £25,000 are required to have some form of external scrutiny of their accounts. In addition, if the Charity has gross income in excess of £1 million in the period of account, or if its gross income exceeds £250,000 and the aggregate value of assets (before deduction of liabilities) exceeds £3.26 million, then the accounts will be subject to a full audit.

For the year ended 31 March 2025 the Charities income was below the £1 million threshold and as such the annual report and accounts will not therefore be subject to a full audit. However, due to the Charities having income in excess of the £25,000 threshold, they will instead be subject to an independent examination as required by the Charities Act 2011.

Acknowledgements

The Trustees acknowledge the generous contributions and donations made by the public, as well as the time and commitment of staff.

Approval

This report was approved by the Trustees and signed on their behalf.

Wate Leu yadoies

Hattie Llewelyn Davies Chair

3 December 2025

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ANNUAL REPORT AND ACCOUNTS 2024-25

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for:

The Trustees are responsible for the preparation of financial statements in accordance with the Charities Statement of Recommended Practice (FRS 102) Accounting and Reporting by Charities for each financial year. The Charity Commission directs that these accounts give a true and fair view of the financial position of the funds held on trust, in accordance with Charities SORP (FRS 102). In preparing these accounts the Trustees are required to:

The Trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out on pages 1 to 12 attached, have been compiled from and are in accordance with the financial records maintained by the Trustees.

By Order of the Trustees

Hattie Lleweyn Davies Chair

Trevor Smith Executive Chief Finance Officer

3 December 2025

x

Independent examiner's report to the trustees of Essex Partnership University NHS Foundation Tn￿t Charities l ￿port on the accounts of the Trust for the year ended 31 2025, which are set out on pages 1 to 12. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charittes Act 2011 {'the Acr). I report in respect of my examin*'on of the Trusys accounts carrÉed out under section 149 of the 2011 Act and in carrying out my examination I have followed all the applicable DirectNJns given by the Charity CommissÉon under section 149(5Kb) of the Act. which are available in the Charity commission guidance for independent examinats'on of charity accounts: Directions and guidance for examiners. Independent examinerfs statement I have completed My examtnation. I confim that no nraterial rnatte￿ have come to my attents'on which gives me cause to believe that in, any material respect the accounb'ng records were not kept in respect of the Twust as required ty secbon 130 of the Charities Act; or the accounts did not accord wth the a￿oUnting records" or the accounts did not comply wth the accounb'ng requirerrEnts conceming the fomi and content of accounts set out in the Charrt￿S (Accounts and Reports) Regulations 2008 other than any requirement that the a¢￿Unts give 'true and fairf view which is not a matter 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 proper understanding of the accounts to be reached. Use of our report This report is made solely to the tnBtees, as a t)ody, in accordance with our engagement letter dated 9 December 2025. The examination has been undertaken so that we might state to the trustees those matters that are required to be stated in an examinerfs report and frJr no other purpose. To the fullest extent permitted by law, we do not accept or assume ressx)nsibility to anyone other than the charity and the trustees as a body. for this exarninabon. for this retrt or for the statements made. Name.. Claire Mellons For arK8 on behalf of Emst & Young LLP Relevant professional qualification or body". Institute of Chartered Accountants in England and Wales Address.. City Gate. St James, Boulevard, Newcastle upon Tyne, NE14JD Date". 19 December 2025

ANNUAL REPORT AND ACCOUNTS 2024-25

SECTION B

ANNUAL REPORT AND ACCOUNTS 2024-25

FUNDS HELD ON TRUST ACCOUNTS 2024/25

Foreword

These accounts have been prepared by the Trust under section 98(2) of the National Health Service Act 1977 (as amended) in the form which the Secretary of State has, with the approval of the Treasury, directed.

The Essex Partnership University NHS Foundation Trust is the corporate trustee of the funds held on trust under paragraph 16c of Schedule 2 of the NHS and Community Care Act 1990. The Trustees have been appointed under s11 of the NHS and Community Care Act 1990.

The Essex Partnership NHS Foundation Trust Charitable Funds Held on Trust are registered with the Charity Commission. The main purpose of the charitable funds held on trust is to apply income for any charitable purpose relating to the National Health Service wholly or mainly for the services provided by the aforementioned organisations.

If you require any further information regarding these accounts please contact:

The Executive Chief Finance Officer Essex Partnership University NHS Foundation Trust Trust Head Office The Lodge Runwell Wickford Essex SS11 7XX

Telephone: 01268 739666

He

Trevor Smith Executive Chief Finance Officer

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ANNUAL REPORT AND ACCOUNTS 2024-25

Statement of Financial Activities (SoFA) for the Year Ended 31 March 2025

2024/25 2023/24
Unrestricted Restricted Endowment Endowment
Total		 Total
Note £ £ £ £
£		 £
Incoming Resources from:
Donations, grants and
legacies 2 60,879 2,138 - -
63,017		 49,632
Other trading activities 3 2,147 370 - -
2,517		 2,435
Investment income 4 22,412 26,899 - 49,311 46,317
Total income 85,438 29,407 - -
114,845		 98,384
Resources Expended on:
Charitable activities 5 (94,470) (41,174) - (135,644) (110,444)
Total expenditure (94,470) (41,174) - -
(135,644)		 (110,444)
Net gain / (loss) on
investments 6 8,576 10,797 - -
19,373		 19,990
Net income /(expenditure) (456) (970) - -
(1,426)		 7,930
Transfers 12 - -
-		 -
-		 -
-		 -
-
Net movement in funds (456) (970) - -
(1,426)		 7,930
Reconciliation of funds
Total fund balance brought
forward 482,506 568,390 28,116 28,116
1,079,012		 1,071,082
Total fund balance carried
forward 482,050 567,420 28,116 1,077,586 1,079,012

The Statement of Financial Activities includes the income and expenditure account. The notes are at pages 5 to 12 and form part of this document.

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ANNUAL REPORT AND ACCOUNTS 2024-25

Balance Sheet as at 31 March 2025

2024/25 2023/24
Unrestricted Restricted Endowment Total Total
Note Note
£		 £ £ £ £
Investment Assets
Investments 7 473,652 558,639 28,116 1,060,407 1,041,649
473,652 558,639 28,116 1,060,407 1,041,649
Current Assets
Debtors 8 928 1,046 - 1,974 1,901
Short term investments &
deposits		 9 5,975 7,058 - 13,033 12,419
Cash at bank and in hand Cash at bank and in hand
10		 11,220 12,099 - 23,319 36,368
18,123 20,203 - 38,326 50,688
Current Liabilities
Creditors: amounts falling
due within one year		 Creditors: amounts falling
11		 (9,725) (11,422) - (21,147) (13,325)
Net Current Assets 8,398 8,781 - 17,179 37,363
Total Assets less
Current Liabilities		 482,050 567,420 28,116 1,077,586 1,079,012
Creditors: amounts falling Creditors: amounts falling
due after more than one - - - - -
year
Provisions for liabilities - - - - -
and charges
Total Net Assets 482,050 567,420 28,116 1,077,586 1,079,012
The Funds of the
Charity
Total restricted funds 12 - 567,420 - 567,420 568,390
Total unrestricted funds 12 482,050 - - 482,050 482,506
Total endowment funds 12 - - 28,116 28,116 28,116
Total charity funds 482,050 567,420 28,116 1,077,586 1,079,012

The notes are at page 5 to 12 and form part of this document.

Hattie Llewelyn Davies Chair

3 December 2025

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ANNUAL REPORT AND ACCOUNTS 2024-25

Statement of Cash Flow at 31 March 2025

2024/25 2023/24
Total Total
Note £ £
Cash flows from operating activities
Net cash provided by / (used in) operating activities 10.2 10.2
(62,361)		 (58,914)
Cash inflow / (outflow) from other activities 12 - -
(62,361) (58,914)
Cash flows from investing activities
Dividends, interest from investments 4 49,311 46,317
Proceeds from sale of investments 7 - -
Purchase of investments - -
Net cash provided by / (used in) investing activities 49,311 46,317
Cash flows from financing activities
Repayment of borrowings - -
Cash flows from borrowing - -
Net cash provided by / (used in) borrowing activities - -
Change in cash and cash equivalents during the
year		 (13,050) (12,597)
Cash and cash equivalents at the beginning of the
year		 36,369 48,966
Cash and cash equivalents at the end of the year 23,319 36,369

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ANNUAL REPORT AND ACCOUNTS 2024-25

NOTES TO THE ACCOUNTS

1. Accounting Policies

1.1 Accounting Policies

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice issued in 2015 - Accounting and Reporting by Charities (FRS 102), and with accounting standards and policies for the NHS approved by the Secretary of State.

There have been no changes to accounting policy for the 2024/25 financial year.

1.2 Incoming Resources

a) Incoming Resources

All incoming resources are included in full in the statement of financial activities as soon as the following three factors can be met:

b) Gifts in Kind

In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the Charity or the amount actually realised. The basis of the valuation is disclosed in the annual report.

c) Intangible Income

Intangible income (eg the provision of free accommodation) is included in the accounts with an equivalent amount in outgoing resources, if there is a financial cost borne by another party. The value placed on such income is the financial cost of the third party providing the resources.

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ANNUAL REPORT AND ACCOUNTS 2024-25

1.3 Resources Expended

The Funds Held on Trust account is prepared in accordance with the accruals concept. A liability (and consequently, expenditure) is recognised in the accounts when there is a legal or constructive obligation, capable of reliable measurement, arising from a past event.

Resources expended are split into two main categories being the costs of generating funds and the actual costs of charitable activities. The costs of generating funds are the costs associated with generating income for the Funds Held on Trust. A grant is any payment which is made voluntarily to any institution or to an individual in order to further the Charity’s objectives, without receiving goods or services return.

The cost of activities in the furtherance of charitable activities is expenditure incurred on the provision of services or goods. Support costs are an integral and material part of the costs of activities in the furtherance of charitable activities and/or expenditure incurred in paying grants. Management and administrative expenditure includes direct and indirect costs (as distinct from directly pursuing charitable activities). Direct costs include those of external and internal audit and legal advice for trustees, the indirect costs include office and communication costs.

1.4 Tangible Fixed Assets and Donated Assets

The General Charitable Fund has no retained fixed assets or donated assets.

1.5 Investment Assets

Investment assets are shown at market value.

Quoted stocks and shares are included in the balance sheet at mid-market price, excluding dividend.

Other investment assets are included at trustees’ best estimate market value.

Unrealised and realised gains and losses are shown in the statement of financial activities and represent the difference between the market value and the original purchase cost.

1.6 Structure of Funds

Where there is a legal restriction on the purposes to which a fund may be put, the fund is classified in the accounts as a restricted fund. Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the Trustees have chosen to earmark for set purposes are classified as designated funds. The major funds held within these categories are disclosed in note 11.

As at 31 March 2025 the Charity held one endowment fund.

1.7 Pension Contributions

There have been no pension contributions made by the Charity in the financial year ended 31 March 2025.

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ANNUAL REPORT AND ACCOUNTS 2024-25

1.8 Prior Year Adjustments

There have been no prior year restatements.

1.9 Pooling Scheme

The General Charitable Fund is a Charitable Fund Umbrella which comprises general and specific purpose funds. As such funds are pooled for investment purposes. The funds included within the General Charitable Fund are as follows,

Essex Partnership University NHS FT General Fund District Nurses Fund Mental Health Charity Primary Care Charity Continuing Care Services Fund Psychiatric Research Fund Primary Care Trust Staff Welfare Fund Mental Health Research Foundation Learning Disabilities Psychiatry Academic and Research Foundation The Margaret Ethel Bolton Fund Cancer Care General Fund Child Health Directorate Fund Cancer Relief Fund

The scheme was registered with the Charity Commission on 18 December 2002.

1.10 Consolidation of Charity Accounts with EPUT Annual Accounts

IAS 27 on Consolidation and Separate Financial Statements, requires consolidation of a group of entities under the control of a parent where there exists the power to govern the financial and operational policies of an entity so as to obtain benefits from its activities. The Essex Partnership University NHS Foundation Trust is the corporate Trustee for the Charity and hence controls it. The purpose of the Charity is to assist NHS patients, and hence the Trust benefits from its activities. As such, IAS27 would normally be applicable in the preparation of the Trust’s main accounts and the Charity would be consolidated.

However, IAS1 on Presentation of Financial Statements confirms that specific disclosure requirements set out in individual standards or interpretations need not be satisfied if the information is not material. The net assets of the Charity represent 1% of the Trust’s total assets employed, and are therefore not considered to be material in the context of the Trusts main accounts. The Audit Committee have noted and approved that the Charity Accounts will not be consolidated into the main Trust accounts for 2024/25. This is subject to an annual materiality review.

1.11 Going Concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the accounts.

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ANNUAL REPORT AND ACCOUNTS 2024-25

2. Analysis of donations and legacies

2024/25 2023/24
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Donations 23,588 2,138 - 25,726 14,083 14,379 - 28,462
Legacies - - - - - - - -
Grant income* 37,291 - - 37,291 21,170 - - 21,170
60,879 2,138 - 63,017 35,253 14,379 - 49,632

*Grant income is grants received from NHS Charities Together

3. Analysis of income from other trading activities

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Income from other
fund raising activities		 2,147 370 370
-		 2,517 982 - - 982
Other income - - -
-		 - 479 974 - 1,453
2,147 370 370
-		 2,517 1,461 974 - 2,435

4. Analysis of income from investments

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Lloyds Bank Interest 773 - -
-		 773 209 - - 209
BlackRock
Investment 3,640 4,523 4,523
-		 8,163 3,162 4,349 - 7,511
M&G Charities 14,591 18,138 18,138
-		 32,729 12,996 18,106 - 31,102
COIF Charities
Investment Fund 3,408 4,238 4,238
-		 7,646 3,121 4,374 - 7,495
22,412 26,899 899
-		 49,311 19,488 26,829 - 46,317

5. Analysis of expenditure on charitable fund activities

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Patients welfare &
amenities		 28,269 17,496 17,496
-		 45,765 25,026 36,252 - 61,278
Staff welfare &
amenities		 47,813 2,654 2,654
-		 50,467 12,032 105 - 12,137
Support costs (see
note 5.1)		 17,683 21,023 21,023
-		 38,706 15,349 21,234 - 36,583
Other - fundraising 705 1 1 706 444 2 - 446
expenditure -
94,470 41,174 174
-		 135,644 52,851 57,593 - 110,444

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ANNUAL REPORT AND ACCOUNTS 2024-25

5.1 Analysis of support costs by type

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Independent
examination fee
2022/23 - - -
-		 - 253 347 - 600
Independent
examination fee
2023/24 - - -
-		 - 2,662 3,638 - 6,300
Independent
examination fee
2024/25 2,952 3,663 3,663
-		 6,615 - - - -
Admin fee 13,956 17,360 17,360
-		 31,316 12,434 17,249 - 29,683
Admin fee-other 775 - - 775 - - - -
17,683 21,023 023
-		 38,706 15,349 21,234 - 36,583

5.2 Analysis of support costs by activities

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Patients welfare &
amenities		 8,409 9,998 9,998
-		 18,407 12,811 17,724 - 30,535
Staff welfare &
amenities		 9,274 11,025 11,025
-		 20,299 2,538 3,510 - 6,048
17,683 21,023 023
-		 38,706 15,349 21,234 - 36,583

6. Gain / (loss) on investments revaluation

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
BlackRock
Investment		 4,151 5,202 5,202
-		 9,353 2,549 3,330 - 5,879
M&G Charities 10,002 12,500 12,500
-		 22,502 (3,703) (6,094) - (9,797)
COIF Charities
Investment Fund		 (5,852) (7,245) (7,245)
-		 (13,097) 9,882 13,450 - 23,332
COIF Charities 275 340 340 615 251 325 - 576
Deposit Fund -
8,576 10,797 797
-		 19,373 8,979 11,011 - 19,990

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ANNUAL REPORT AND ACCOUNTS 2024-25

7. Investments assets

7.1 Changes in investment assets

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Market value at 1
April		 465,351 548,182 548,182
28,116		 1,041,649 390,038 605,363 26,834 1,022,235
Transfers / disposals - - -
-		 - 61,501 (62,783) 1,282 -
Net gain / (loss) on
revaluation		 8,301 10,457 10,457
-		 18,758 13,812 5,602 - 19,414
473,652 558,639 639
28,116		 1,060,407 465,351 548,182 28,116 1,041,649

7.2 Analysis of investment assets by investment manager

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
BlackRock
Investment Managers Investment Managers
111,641		 131,673 131,673
-		 243,314 107,420 126,541 - 233,961
(UK) Ltd
M&G Securities Ltd 251,941 297,146 297,146
-		 549,088 241,775 284,810 - 526,585
CCLA Investment
Management		 110,070 129,820 129,820
28,116		 268,005 116,156 136,831 28,116 281,103
473,652 558,639 639
28,116		 1,060,407 465,351 548,182 28,116 1,041,649

8. Analysis of receivables due within one year

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Sundry debtors 928 1,046 - 1,974 873 1,028 - 1,901
928 1,046 046
-		 1,974 873 1,028 - 1,901

9. Short term investments and deposits

2024/25 2023/24
Unrestricted Restricted Endowment Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
COIF Charities deposits
funds		 COIF Charities deposits COIF Charities deposits 5,975 7,058 - 13,033 5,700 6,718 - 12,418
5,975 7,058 - 13,033 5,700 6,718 - 12,418

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ANNUAL REPORT AND ACCOUNTS 2024-25

10.1 Analysis of cash and cash equivalent

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Cash at bank 9,267 10,909 - 20,176 15,555 18,335 - 33,890
Cash in hand 1,953 1,190 - 3,143 1,138 1,341 - 2,479
11,220 12,099 099
-		 23,319 16,693 19,676 - 36,369

10.2 Reconciliation of net income / (expenditure) to net cash flow from operating activities

2024/25 2023/24
Total Total
£ £
Net income/(expenditure) for the year as per the SoFA (1,426) 7,930
(Gain) and losses of investment (19,373) (19,990)
Dividends, interest from investments (49,311) (46,652)
(Increase)/decrease in stocks - -
(Increase)/decrease in debtors (73) 69
Increase/(decrease) in creditors 7,822 (606)
(62,361) (59,249)

11. Analysis of creditors

2024/25 2023/24
Unrestricted Restricted Restricted
Endowment		 Total Unrestricted Restricted Endowment Total
£ £ £ £ £ £ £ £
Amounts falling due within 1 year: Amounts falling due within 1 year:
Accruals 9,725 11,422 422
-		 21,147 6,116 7,209 - 13,325
9,725 11,422 11,422
-		 21,147 6,116 7,209 - 13,325

12. Reconciliation of fund balance at 31 March 2025

Balance at Unrealised Balance
01/04/2024 Income Expenditure Gain/(Loss) Transfers 31/03/2025
£ £ £ £ £ £
Restricted funds 568,390 29,407 (41,174) 10,797 - 567,420
Unrestricted funds 482,506 85,438 (94,470) 8,576 - 482,050
Endowment 28,116 - - - - 28,116
1,079,012 114,845 (135,644) 19,373 - 1,077,586

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ANNUAL REPORT AND ACCOUNTS 2024-25

13. Trustee and related party transaction

Essex Partnership University NHS Foundation Trust is the Corporate Trustee (the Trust) of the Essex Partnership University NHS Foundation Trust Charities. During the year the Charity paid £31,316 to the Trust, to cover costs incurred in administering the Charity on its behalf.

14. Trustees remuneration and benefits

There were no remuneration, other benefits, or expenses paid to Trustees during the year.

15. Staff costs and other benefits

There were no staff during the year, and therefore no remuneration or other benefits were paid to staff during the year.

16. Contingencies

There are no contingent losses or gains known by the Trustees.

17. Commitments, Liabilities and Provisions

There are no commitments, liabilities or provisions known by the Trustees.

18. Post balance sheet events

In May 2025, The League of Friends of Saffron Walden Community Hospital closed and donated £292,029 to Essex Partnership University NHS Foundation Trust Charities. The money has been ring-fenced to be spent at Saffron Walden Community Hospital to allow the Charity to continue their good work.

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ANNUAL REPORT AND ACCOUNTS 2024-25

Essex Partnership University NHS Foundation Trust Charities

Trust Head Office The Lodge Lodge Approach Runwell Wickford Essex SS11 7XX

Tel: 0300 123 0808

@EPUTNHS

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