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← Greater Manchester Mental Health NHS Foundation Trust Charitable Fund

2025-03-31-accounts

Charity Annual Report and Financial Statements

For the year ended 31 March 2025

Greater Manchester Mental Health NHS Foundation Trust

Charitable Fund Registered Charity No 1055429

Greater Manchester Mental Health NHS Foundation Trust Charitable Fund

Contents

Contents 1
Foreword 2
Reference and administrative details 3
Acknowledgements 4
Structure, governance and management 4
Objectives and activities 7
Achievements and performance 8
Financial review 9
Statement of corporate trustee responsibilities 11
Independent examiner’s report 12
Statement of financial activities 13
Balance sheet 14
Statement of cash flows 15
Notes to the accounts 16

1

Foreword

The Charity has a corporate trustee the Greater Manchester Mental Health NHS Foundation Trust.

The members of the NHS Foundation Trust Board who served during the financial year were:

Chair Tony Warne Chief Executive ( to 31 May 2024) Jan Ditheridge Chief Executive (from 1 June 2024) Karen Howell Chief People Officer ( to 31 May 2024) Andrew Maloney Chief People Officer ( from 1 June 2024 to 21 October 2024) James Baker Chief People Officer ( from 21 October 2024) Claus Madsen Chief Finance Officer Suzanne Robinson Chief Nurse / Director of Transformation(to 2 August 2024) Maria Nelligan Chief Nurse ( from 3 August 2024 to 6 October 2024) Clair Carson Chief Nurse (from 7 October 2024) Salli Midgley Chief Operating Officer (to 30 September 2024) John Foley Chief Operating Officer (to 14 October 2024) Carol Harris Director of Strategy and Partnerships Elizabeth Calder Director of Corporate Affairs (from 1 Jan 2025) Paul Howard Chief Medical Officer (to 28 February 2025) Arasu Kuppuswamy Medical Director for Recovery (to 28 February 2025) Mike Hunter Chief Medical Officer (from 1 March 2025) Mike Hunter Non-Executive Director Nicki Buckley Non-Executive Director Murray Freeman Non-Executive Director (to 30 September 2024) Helen Dabbs Non-Executive Director Stewart Lucas Non-Executive Director (to 31 January 2025) Saleem Chowdhury Non-Executive Director (from 8 May 2024) Chrissie Cooke Non-Executive Director (from 8 May 2024) Simone Spray

All of the members were in post for the 12-month period to 31 March 2025, excepting those members with dates annotated.

The Corporate Trustee presents the Greater Manchester Mental NHS Charitable Fund Annual Report together with the Annual Accounts for the year ended 31 March 2025.

The Charity’s Annual Report and Accounts have been prepared by the Corporate Trustee in accordance with the Charities Act 2011 and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in 2015. The Charity’s accounts include all the separately established funds for which the Greater Manchester Mental Health NHS Foundation Trust is the sole beneficiary.

The Charity is registered with the Charity Commission under charity number 1055429; the Charity was entered onto the Register of Charities on 11 March 1996 and was amended by supplemental deeds dated the 17 September 2010 and 31 July 2017.

2

So far as the Corporate Trustee is aware, there is no relevant audit information of which the Charity’s independent examiner is unaware. The Corporate Trustee has taken all the steps it ought to have taken to make itself aware of any relevant audit information and to establish that the Charity’s independent examiner is aware of that information.

----- Start of picture text -----
Tony Warne David Warhurst
c—-
Chair Chief Finance Officer
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Reference and administrative details

Charitable funds received by the Charity are accepted, held and administered as funds and property held on trust for purposes relating to the Health Service in accordance with the National Health Service Act 1977 and the National Health Service and Community Care Act 1990. The Corporate Trustee holds these funds on trust.

Trustee

The Greater Manchester Mental Health NHS Foundation Trust is the Corporate Trustee of the Charity governed by the law applicable to Trust, principally the Trustee Act 2000 and the Charities Act 2011.

The NHS Foundation Trust Board has delegated responsibility for the on-going management of the funds to the Charitable Funds Committee, which administers the funds on behalf of the corporate trustee.

Membership of the Charitable Funds Committee comprises:

Chair Non-Executive Director Stewart Lucas Chief Nurse / Director of Transformation(to 2 August 2024) Maria Nelligan Chief Nurse ( from 3 August 2024 to 6 October 2024) Clair Carson Chief Nurse (from 7 October 2024) Salli Midgley Chief Finance Officer David Warhurst

The committee did not meet during 2024/25

Principal office

The principal office for the Charity is

Greater Manchester Mental Health NHS Foundation Trust Trust Headquarters The Curve Bury New Road Prestwich Manchester M25 3BL

3

Administration and records

The accounting records and day-to-day administration of the funds are handled by the Finance Department located at Harrop House, Bury New Road, Prestwich, Manchester, M25 3BL.

For donations, fundraising enquiries and assistance, please email technical.Accounts@gmmh.nhs.uk

To make a donation; please follow the link below and click on the ‘Make a donation’ button https://www.gmmh.nhs.uk/charity

Advisors

The following services were retained by the Charity during the year ended 31 March 2025

Bank Independent Examiner Royal Bank of Scotland Accounting & Gift Aid Solutions Mosley Street Montrose Avenue Manchester Stretford M60 2BE Manchester M32 9LN Solicitor Investment Advisors Capsticks Solicitors LLP Royal London Asset Management Ltd Toronto Square 55 Gracechurch Street Toronto Street London Leeds EC3V 0RL LS1 2HJ

Charity Commission registration details

Registered administrative details and overview are also available on the Charity Commission website: www.charitycommission.gov.uk.

Acknowledgements

The Charity would like to take this opportunity to extend sincere thanks, on behalf of the service users and staff who have benefitted from the donations received, to everyone who kindly gave to the Charity in person, by post, or via the website, as well as any supporters who gave their time and effort. Their contributions, imagination and enthusiasm are greatly appreciated.

Structure, governance and management

Constitution of the Charity

Greater Manchester Mental Health NHS Foundation Trust Charitable Fund is a charitable trust and is registered with the Charity Commission under charity number 1055429; the Charity was entered

4

onto the Register of Charities on 11 March 1996 and was amended by supplemental deeds dated the 17 September 2010 and 31 July 2017.

Legal name

The charity’s legal name is “GREATER MANCHESTER MENTAL HEALTH NHS FOUNDATION TRUST CHARITABLE FUND”. Previous names include “GREATER MENTAL WEALTH CHARITABLE FUND” and “MENTAL HEALTH SERVICES OF SALFORD NHS TRUST GENERAL CHARITABLE TRUST”

Corporate Trustee

The sole corporate trustee of the Charity is Greater Manchester Mental Health NHS Foundation Trust. The Charity was established in accordance with paragraph 16c of Schedule 2 of the NHS and Community Care Act 1990.

The Corporate Trustee is managed by its Board of Directors which consists of executive and nonexecutive directors. It has responsibility for ensuring the NHS body fulfils its duties in managing the charitable funds. Members of the Trust Board are not individual trustees under Charity Law, but act as agents on behalf of the Corporate Trustee. They fulfil the Trustee’s legal duty by ensuring that funds are spent in accordance with the objects of each fund in pursuit of public/patient benefit, and independently determine the Charity’s strategy through meetings of the Charitable Fund Committee.

Charitable Funds Committee

This is a sub-committee of the Board of the Corporate Trustee.

The duties of the Charitable Funds Committee are as follows;

  1. To oversee the effective management of the affairs of the Charitable Funds on behalf of the Trustees (Board of Directors).

  2. To apply all charitable funds in accordance with the NHS Act 2006, Charities Act 2011, Commissioner requirements and other sources of good practice.

  3. To ensure that decisions on the use or investment of such funds are, where applicable, restricted to the explicit condition or purpose of each donation, legacy or grant.

  4. To make decisions involving the use of charitable funds within the terms of the ‘Declaration of Trust’ and with regard to the ‘Trustee Act 2000’ and any subsequent legislation.

  5. To ensure that the Trust’s policies and procedures for charitable funds and investments are followed.

  6. To ensure that funding decisions are consistent with the Trust’s vision, values and objectives and that such decisions provide added value and benefit to service users and staff above those afforded by revenue.

  7. To, where necessary, appoint Investment Advisors and to monitor the performance of the charitable funds investment portfolio.

  8. To oversee and monitor the functions performed by the Director of Finance and IM&T and Chief Executive with regard to the investment, accounting and reporting on the use of charitable funds.

  9. To receive the Annual Accounts and Report of the Trust’s Charitable Funds for consideration and recommendation for final approval, or otherwise, to the Trust Board.

5

Decisions are made and approved by the Corporate Trustee at separate meetings of the Charitable Funds Committee, in which only Charity business is conducted. The Committee members do not receive any additional remuneration or payment for expenses whilst serving on the Charitable Funds Committee.

Risk management

The most significant risk to which the Charity is exposed is the possible loss from a fall in the value of the investments and the level of reserves to mitigate the impact of such loss. This risk has been carefully considered and there are procedures in place to regularly review the investment and to ensure both spending and firm financial commitments remain in line with income.

All expenditure requests are checked, against the respective fund balance, by the finance department prior to final approval by the fund budget holder.

Reserves policy

In accordance with Charity Commission guidance, the Corporate Trustee acknowledges there is a requirement to hold a minimum reserve balance. This is to allow freedom to initiate expenditure when required, in advance of donations, and to mitigate the impact of any unforeseen circumstances.

Conversely, The Charity Commission asserts charities should not hold substantial unspent reserves as a matter of course. The Corporate Trustee recognises its statutory obligation to ensure that funds are spent effectively and promptly. The Charity does not have any large or recurring obligations such as staff costs, which might indicate the need for higher reserves.

The Trustees consider that financial reserves are required because the charity has no endowment funding and is entirely dependent on donations for funding each year.

As at 31 March 2025 there has been no change in the value of the unrealised gain held

The unrestricted reserves at 31 March 2025, were £214,657 restricted reserves amounted to £15,000. Total reserves at the year end amounted to £229,657.

Investment policy

By law, the Charity must ensure it spends any income received within a ‘reasonable period of receipt’. Charities should not hold substantial unspent reserves as a matter of course. However, where NHS charitable funds have surplus monies not needed to fund immediate charitable activities, trustees may elect to invest some or this entire surplus to generate additional income to fund future activities.

All investment decisions

6

The overriding objective is to safeguard the Charity’s assets and minimise risk, whilst maximising returns net of administrative expense.

Current practice

All investments are made by the Charity Trustees’ specialist investment advisors, Royal London Asset Management (RLAM), and, as a principle, it is the Charity Trustees’ intention to avoid investment in companies that manufacture tobacco and alcohol products.

The Charity’s current investment portfolio is via an ethical bond investment values are detailed below:

----- Start of picture text -----
Details Date Value Total Invested
Initial Investment 31/03/2012 £140,000 £140,000
Additional Investment 28/03/2018 £110,000 £250,000
Withdrawal of Funds 22/07/2019 £40,000 £210,000
Withdrawal of Funds 17/02/2020 £50,000 £160,000
Portfolio Value 31/03/2025 £170,282
----- End of picture text -----

Aside from the Charity’s current account, uncommitted funds over and above those invested with RLAM; are deposited with the Royal Bank of Scotland in a Special Interest-Bearing Account (SIBA).

The additional benefits of this current policy include reduced administration burden and high liquidity, as this banked cash is immediately available to spend if required.

Interest receivable, interest payable and bank/investment charges

It is the policy of the Corporate Trustee to credit/charge all interest receivable or payable, investment management costs and bank charges to the general funds. Interest is apportioned to the general fund’s balances.

Objectives and activities

The objective of the charity is to enhance and improve the environment for service users and staff, provide funding for projects and enhance staff training and development.

The objects set out below act as the main activities undertaken to further the charity’s purposes for the public benefit.

The trustees have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011.

Strategic Objects

7

During 2018/19 the Charitable Funds Committee set a strategic objective to move away from having individual designated funds to having three primary general funds namely:

In order to achieve this expenditure plans were sought for all existing individual designated funds and any funds remaining after delivery of these spending plans were pooled into one of the 3 general funds.

These strategic objectives have now been largely met and as at the 31 March 2025 the charity holds the three general funds, seven designated funds and one restricted fund which is a Capital-inPerpetuity fund.

Achievements and performance

Fund Balance

The total charitable fund balance as at 31 March 2025 was £229,657 (2023/24 £309,223), the total amount of income received was £52,265 (23/24 £146,965) and the total amount of expenditure incurred was £131,248 (23/24 £32,277).

Income

The charity received income from 3 main sources in this financial year-

Donation for EDI Research £15,000
Donation from NHS Charities Together £24,200
Individual donations received from various donors £3,542
Investment income interest £9,523

The charity continues to receive donations from individual donors, this year included a generous donation of £15,000 to be spent on EDI Research and £24,200 from NHS Charities Together being the final instalment of a grant to be spent on outdoor space improvements at the Riverside Site.

The charity received interest to the value of £9,523.

The Trust’s Finance department is responsible for the financial administration of the Charity and ensures all expenditure is compliant with internal policy and charity law. The Corporate Trustee reviews and monitors the Charity’s progress regularly throughout the year.

Expenditure

8

Funding applications are assessed on an individual basis and where possible they are used to provide benefit to a wide range of service users and staff. Expenditure for the year ended 31 March 2025 totalled £131,348. These funds have supported various projects and have made a huge difference and a great impact to both service users and staff.

Financial review

Sources of funding

The chart below details the sources of income received by the Charity.

Donations £42,742

We thank all donors for their continued support.

Income from investments £9,523

In order to maximise the benefit of every penny donated, the Charity seeks to invest any funds, which are not likely to be expended in the short-term. The current investment market conditions are such that investment income has been modest in 2024/25.

9

Resources Expended

The chart below details the resources expended by the Charity.

Future plans

The Foundation Trust, as a body operating within the NHS, is subject to uncertainty due to changes in government policy, departmental and regulatory reforms, and local change. The Corporate Trustee is therefore committed to flexibility in the Charity’s spending decisions, to accommodate the changing needs of its major beneficiary, the Foundation Trust.

10

Statement of Corporate Trustee responsibilities

The Corporate Trustee is responsible for preparing the Trustee Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustee to prepare financial statements for each financial year, which give a true and fair view of the Charity’s financial activities during the year, and of its financial position at the end of the year. In preparing financial statements that give a true and fair view, the Trustee should follow best practice and:

The Corporate Trustee confirms that it has met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out on pages 13 to 24 attached have been compiled from, and are in accordance with, the financial records maintained by the Corporate Trustee.

The Corporate Trustee is responsible for the maintenance and integrity of the Charity and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

By delegated authority on behalf of the Corporate Trustee

Tony Warne

David Warhurst

Chair Date 12/02/2026

Chief Finance Officer Date: 12/02/2026

11

Independent examiner's report to the Trustees of

Greater Manchester Mental Health NHS Foundation Trust Charitable Fund

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025.

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 Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns 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.

Signed:

Name: Joel David Williams Address: 1 Montrose Avenue, Stretford, Manchester, M32 9LN Date: 13/02/2026

12

Statement of Financial Activities

For the year ended 31 March 2025

Statement of Financial Activities

Statement of Financial Activities
Note
Income and endowments from:
Donations and legacies
3
Income from charitable activities
4
Income from investments
5
Sub total voluntary income
Other income
Transfer from NHS bodies
Total income
Expenditure on:
Raising funds
6
Charitable activities:
Patient benefit
7
Staff benefit
7
Other
8
Total
Net gains/(losses) on investments
Net income /(expenditure)
Transfer between funds
Other recognised gains/(losses):
Net movement in funds
Reconciliation of funds
Total income funds brought forward
Total income funds carried forward
12		 Unrestricted
Restricted Endowment
Total funds
Total funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
18,542
24,200
0
42,742
138,777
0
0
0
0
0
9,523
0
0
9,523
8,188
28,065
24,200
0
52,265
146,965
0
0
0
0
0
28,065
24,200
0
52,265
146,965
0
0
0
0
0
(15,812)
0
0
(15,812)
(17,836)
(3,685)
(111,000)
0
(114,685)
(14,341)
(850)
0
0
(850)
(100)
(20,348)
(111,000)
0
(131,348)
(32,277)
(484)
0
0
(484)
6,283
7,234
(86,800)
0
(79,566)
120,971
0
0
0
0
0
0
0
0
0
0
7,234
(86,800)
0
(79,566)
120,971
207,423
86,800
15,000
309,223
188,252
214,657
0
15,000
229,657
309,223

The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.

13

Balance Sheet

As at 31 March 2025

As at 31 March 2025 Unrestricted Restricted Restricted
Endowment		 Endowment
Total funds		 Total funds
31 March 2025 31 March 2025 31 March 2025 31 March 2025 31 March 2024
£ £ £ £ £
Note
Fixed Assets
Tangible / Intangible Assets 0 0 0 0 0
Total fixed assets 0 0 0 0 0
Current assets
Debtors 9 719 0 0 719 354
Cash held at Bank 10 50,327 0 15,000 65,327 148,204
Investment 10 170,282 0 0 170,282 170,766
Total current assets 221,328 0 15,000 236,328 319,323
Liabilities
Creditors: amounts falling due within one year 11 (6,671) 0 0 (6,671) (10,100)
Net current assets 214,657 0 15,000 229,658 309,223
Total assets less current liabilities 214,657 0 15,000 229,658 309,223
Total net assets 214,657 0 15,000 229,658 309,223
The funds of the charity
Unrestricted funds 214,657 214,657 207,423
Restricted funds 0 0 86,800
Endowment funds 15,000 15,000 15,000
Total charity funds 12 214,657 0 15,000 229,658 309,223

The notes on pages 16 to 24 form part of these accounts.

Approved by the Corporate Trustee and signed on its behalf:

Tony Warne

David Warhurst

Chair, Date 12/02/2026

Chief Finance Office Date 12/02/2026

14

Statement of Cash flows

For the year ending 31 March 2025

Note
Cash flows from operating activities:
Net cash provided by (used in) operating activities
13
Interest received
5
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the reporting
period
14		 Unrestricted
Restricted Endowment
Total fundsTotal funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
4,400
(96,800)
0
(92,400)
66,500
9,523
0
0
9,523
8,188
13,923
(96,800)
0
(82,877)
74,688
36,404
96,800
15,000
148,204
73,516
50,327
0
15,000
65,327
148,204

15

Notes to the accounts

1. Accounting policies

a. Basis of preparation

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The Trustee's current financial projections indicate that the charity should have sufficient unrestricted reserves to continue operating for at least twelve months from the date of this Report. The Financial Statements are therefore prepared on the going concern basis.

The Charity constitutes a public benefit entity as defined by FRS102.

b. Areas of Judgement or Estimation

The preparation of the financial statements in line with the Charites' SORP and FRS102 requires the Trustees' to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenditure.

The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The trustees do not consider that there are any estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

c. Funds structure

Unrestricted income funds comprise those funds, which the Corporate Trustee is free to use for any purpose

d. Funds structure

Unrestricted income funds comprise those funds, which the Corporate Trustee is free to use for any purpose in furtherance of the charitable objects. The Charity consists of two general funds, forty-three designated funds and three restricted income funds, each of which has a budget holder with delegated expenditure powers, subject to Standing Financial Instructions and within the purposes of the fund. The designation is for administrative purposes and does not legally restrict the Trustees’ discretion.

Restricted funds are to be used in accordance with the specific restrictions imposed by the donor.

16

No transfers between restricted and unrestricted funds are anticipated.

Note 12 gives an analysis of the funds held.

e.

Incoming resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Legacies are accounted for as incoming resources upon receipt or where the receipt of the legacy is probable. This requires confirmation to be received from the representatives of the estate(s) that payment of the legacy will be made or property transferred, and that all of the conditions attached to the legacy have been fulfilled.

f. Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants may only be made to related or third parties in furtherance of the charitable objects of the fund. However, the Charity has not issued any grants to third parties.

g. Irrecoverable VAT

Irrecoverable VAT is charged against the same category of resources expended as the underlying purchases.

h. Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

i. Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

j. Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present

17

value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

k. Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

l. Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. Related party transactions

The Charity is a subsidiary of Greater Manchester Mental Health NHS Foundation Trust (the Trust) and is therefore a related party. Greater Manchester Mental Health NHS Foundation Trust is the major beneficiary of the Charity. The Charity provides funding to the Trust for approved expenditure made on behalf of the Charity.

At 31 March 2025, the Charity owed the Trust £6,571 for services delivered and purchases made but not yet paid for and the Trust owed the Charity £719 for donations received and awaiting transfer to the Charity. All transactions entered during the year were conducted on an arm’s length basis.

During the year, none of the members of the Trust Board, Charitable Funds Committee or senior Trust staff, or parties related to them, were beneficiaries of the Charity, and none of these individuals have undertaken any material transactions with the Charity or received honoraria, emoluments or expenses in the year.

Board members, and other senior staff, take decisions on both Charity and exchequer matters, but endeavour to keep the interests of each discrete, and do not seek to benefit personally from such decisions. Declarations of personal interest have been made in both capacities and are available to be inspected by the public.

Prior to 31 March 2013, NHS charitable funds considered subsidiaries were excluded from accounts consolidation, in accordance with a Treasury accounting direction issued by Monitor. This dispensation is no longer available and NHS foundation trusts need to consolidate any material NHS charitable funds. The Trust reviewed the figures contained within the singleentity financial statements contained in this Annual Report and Accounts and has determined they are immaterial to the ‘Trust group’. Consolidation has therefore not occurred in 2024/25, nor did it occur in 2023/24.

18

3. Donations and legacies

Donations:
Adult Secure Unit
Manchester Services
Trafford Services
Research & Innovation
Restricted Funds
General Funds
Sub Total
Legacies:
Sub Total
Total		 Unrestricted
Restricted Endowment
Total fundsTotal funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
0
0
0
0
0
45
0
0
45
89
0
0
0
0
0
15,000
0
0
15,000
30,000
0
0
0
0
0
3,497
24,200
0
27,697
108,688
18,542
24,200
0
42,742
138,777
0
0
0
0
0
0
0
0
0
0
18,542
24,200
0
42,742
138,777

4. Income from charitable activities

Fundraising events
Total		 Unrestricted
Restricted Endowment
Total fundsTotal funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
0
0
0
0
0
0
0
0
0
0

19

5. Income from investments

Interest from Special Interest Bearing Account
Interest from Royal London Asset Management
Investment
Total		 Unrestricted
Restricted Endowment
Total fundsTotal funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
1,645
0
0
1,645
1,132
7,878
0
0
7,878
7,056
9,523
0
0
9,523
8,188

6. Raising funds

Fundraising non-pay costs
Total		 Unrestricted
Restricted Endowment
Total fundsTotal funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
0
0
0
0
0
0
0
0
0
0

20

7. Analysis of total charitable activities

Patient benefit
Staff benefit
Total
Patient benefit
Staff benefit
Total		 Unrestricted
Restricted
Endowment
Total funds
2024/25
2024/25
2024/25
2024/25
£
£
£
£
(15,813)
(15,813)
(3,685)
(111,000)
(114,685)
Activities undertaken directly
(19,498)
(111,000)
0
(130,498)
Unrestricted
Restricted
Endowment Total funds
2023/24
2023/24
2023/24
2023/24
£
£
£
£
(17,836)
0
(17,836)
(4,341)
(10,000)
0
(14,341)
Activities undertaken directly
(22,177)
(10,000)
0
(32,177)

8. Other costs

Other Expenditure
Total
Other Expenditure
Total		 Unrestricted
Restricted
Endowment Total funds
2024/25
2024/25
2024/25
2024/25
£
£
£
£
(850)
0
0
(850)
Activities undertaken directly
(850)
0
0
(850)
Unrestricted
Restricted
Endowment Total funds
2023/24
2023/24
2023/24
2023/24
£
£
£
£
(100)
0
0
(100)
Activities undertaken directly
(100)
0
0
(100)

21

9. Analysis of current assets - debtors

Debtor - GMMH NHS FT Transactions
Total debtors falling due in less than one year		 Unrestricted
Restricted Endowment Total funds
Total funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
719
0
0
719
354
719
0
0
719
354

10. Analysis of current assets – investments and cash

Unrestricted Restricted Endowment Total funds Endowment Total funds Total funds
2024/25 2024/25 2024/25 2024/25 2023/24
£ £ £ £
Cash 14 50,327 0 15,000 65,327 148,204
Royal London Asset Management Investment 170,282 0 0 170,282 170,766
Total investments and cash 220,609 0 15,000 235,609 318,970

11. Analysis of current liabilities

Creditors under 1 year
Creditors - GMMH NHS FT Transactions		 Unrestricted
Restricted Endowment Total funds
Total funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
(6,671)
0
0
(6,671)
(10,100)
(6,671)
0
0
(6,671)
(10,100)

22

12. Analysis of Income Funds

1 April 2024 31 March 2025
Number of
individual
funds		 Balance
brought
forward		 Incoming
Resources		 Investment
Gain /
(Loss)		 Resources
Expended		 Transfer Balance
carried
forward
£ £ £ £ £ £
Unrestricted funds
Adult Secure Unit 1 12,120 0 0 (3,685) 0 8,435
Manchester Services 0 7,431 45 0 0 (7,476) 0
Trafford Services 1 36,931 0 0 0 0 36,931
Research & Innovatio 4 63,665 15,000 0 0 0 78,665
General Funds 3 72,806 3,497 9,040 (16,663) 7,476 76,156
Wigan 1 14,470 0 0 0 0 14,470
Restricted funds
Singing Tree 1 86,800 24,200 0 (111,000) 0 0
Endowment funds
ESMI 1 15,000 0 0 0 0 15,000
Total funds 12 309,223 42,742 9,040 (131,348) 0 229,657

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

Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Adjustments for:
(Gains) / losses on investments
Dividends, interest and rents from investments
Purchase of Investment
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by (used in) operating activities		 Unrestricted Restricted Endowment Total fundsTotal funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
7,234
(86,800)
0
(79,566)
9,937
484
0
0
484
(6,283)
(9,523)
0
0
(9,523)
(8,188)
0
0
0
0
0
(365)
0
0
(365)
2,818
6,571
(10,000)
0
(3,429)
(42,819)
4,400
(96,800)
0
(92,400)
(44,535)

23

14. Analysis of cash and cash equivalents

Cash at commercial bank and in hand
Total cash and cash equivalents		 Unrestricted
Restricted
Endowment Total funds
Total funds
2024/25
2024/25
2024/25
2024/25
2023/24
£
£
£
£
£
50,327
0
15,000
65,327
37,169
50,327
0
15,000
65,327
37,169

15. Commitments

The Trust has no commitments undisclosed in the Balance Sheet except for Trust purchase orders for which the goods or services have not yet been received.

24