SIGNI "Ii'l(J
cop
Whittington Health Charity
Annual Report for the year ending 31 March
2024
Whittington Health Charity is the working name of Whittington Hospital NHS
Trust Charitable Funds
Registered charity number: 1056452
Whittington Health Charity
Whittington Hospital
Magdala Avenue
London
N195NF
11 Pas_

Schedule of Contents
Contents
Page
1. Contents
2. Statement from the Chair
3. About the Charity
4. Examples of Projects Funded
5. Trustee Report
6. Independént Examlners Report
9-10
7. Statement of Financial AGtivities
11
8. Balance Sheet
12
9. Notes to the Accounts
13-24

Statement and welcome from the Chair
It is my pleasure to begin my statement by thanking all those who kindly supported Whittington
Health Charity in 2023-24. We have funded some truly impactful projects, which would not have
been possible without the generoslty of our donors.
We have had two main goals over the last year. to put ourselves in a position to be able to raise
more funds so that we can better support patients, staff and the community, and to refino our
grant-making approach to ensure that we maximise the impact of donated funds.
As reported in last yearfs annual report, More Partnership completed public and high-value
fundraising reviews in the final quarter of 2022-23, part-funded by a grant from NHS Charities
Together. Overthe past 12 months, the Charity has implemented the reports, recommendations,
with the aim of achieving sustainable fundraising growth In future. We have also made some
important revisions to our approach to grant-making. We imp18mented a two-year grant-making
strategy on 1 April 2023, which set out the following five objectives:
1. Fund the purchase of state-of-the-art equipment and tochnology to deliver measurable
improvements to patient care
2. Deliver 8 minimum of 10 projects across multlple Trust sites that provide sustainable
improvements to the health environment
3. Fund a minimum of five projects that improve and promote access to health services -
particularly projects targeting vulnerable and underserved communities
4. Deliv@r measurable and sustsinab18 improvements to staff wellbeing
5. Fund six projects that deliver innovative solutions to enhance the care provided to patients
All grants are assessed against the following impact goals:
Improve palient outcomes
Improve patient experience
Improve family experienc8
Increase the number of patients treated
Twelve months into the strategy, the Charity is now_funding fewer projects, but at higher value,
compartd to previous years. These projects are allowing us to have more impact and do more to
support patients, stsff and our local community.
This report details a range of projects funded by the Chaiity in the reporting period, such as the
support offered to cancer patients. We've also continued (o enhance the work of the Michael Palin
Centre thanks to the Stuttering Foundation of America's very generous support. On a smaller
scale, bLrt no less important, the newly created Urgent Assistance Fund allows us to mobilise
support quickly forfamilies facing Incredibly challenging circumstances with small but highly
targeted and effectlve grants.
The Charity has undertaken extensive work in securing significant donations in 2023-24, which
have enabled some major transformations to the health environment at Vvhittington Hospital and at
community sites. This includes donated Gifts in Kind of £54k.
The Charity's increased visibility- particularly at Whittington Hospital- has been notable. The
brand installation detailed In 2022-23 has been complemenled by other projects, particularly the
use of the Trust's visitor Wi-Fi ne￿ork to infomi visitors about the worf( of the Charity. This has
seen the charity increase its email subscribers by more than 2700/0 overthe year.
Amanda Gibbon
Chalr of Whittington Health Charitable Funds Committee

About the Trust
Whittington Health NHS Trust aims to help local people live Icng8r and heallhier lives by providing
safe, personal, coordinat8d care for the community it serves.
The Trust provides hospital and community care services to 500,000 people living In Islington and
Haringey as well as other London boroughs including Barnet, Enfleld, Camden and Hackngy. As
one organisation providing both hospital and community services, it is known a5 an 'integrated care
organisation,. The Trust employs 4,400 staff.
A large range of services are provided from the hospital site in Archway, including accident and
emergency (A&E), maternity and neonatal, surgical and medical specialities, diagnostic, therapies
and eldedy care. It also runs SONiC8S from 30 community locations.
As an integrated care organisation, it brings high-quality services closer to home and speeds up
Gommunication between Gommunlty and hospit81 service8, improving patients, experienceg. Key to
its approach is partnering with patients, carers, GPS, social care, mental h9alth and other
healthcare providers.
The Trust has a highly regardgd educational role. It teaches undergraduate medical students (as
part of UCL Medical School) and nurses and therapists and provides a range of educationa
packages for postgraduate doctors and other heallhcare profession81s.
About the Charity
Whittington Health Charity (the working name of The Whittington Hospital NHS Trust Charitable
Fund) exists for any charitable purposes associated with the Whittington Health NHS Trust and for
the advancement of medical education facilities.
The Charity supports and funds care that the NHS is not able to provide, in particular medical
equipment and support for patients and staff. By spending money on additional equipment, better
facilities, a more comfortable environment and innovative projects, we can offer patients the
highest standards of Gare in the best possible surroundings.
The Charily focuses its support on projects In the following areas:
State-of-the-art equipment and technology
Enhancing the health environment
Patient and community wellbeing
Staff wellbeing
Innovation
In order for a project to recelve funding, it must demonstrate clear additionality. wa do not fund
projects that should be covered by NHS budgets. This ensures that donations from our supporters
go towards projects that provide a clear and demonstrable positive impact, with a preference for
funding transformationa5 initiatives. Our aim Is for donated funds to go further.
Fundraising
The Charity raised £180k from donations and Gifts in Kind {£313k in 2022123), £286k from grants
(£41 k in 2023), £18k from legacy gifts (£22k in 2022123), £23k from merchandising {£24k in 2023)
and £44k {£29k in 2022123) from investment activity, making a total in excess of £551 k (£429k in
2023) raised.

Income for 3 years to 31/0312024
TOTAL
INVESTMENTS
OTHER T'IWDNG ACTivrr*s
LEGACES
GRANT INCOME
DONATIONS
i(J)
2(k)
3CQ
4C
5%X)
2022 * 2023 • 2024
Total Expenditure to 31° March 2024 closed at £768k, (£417k in 2022123) and was made up under
the following categories: charitable activities £532k - which includes £54k of Gifts in Kind
expenditure-
(£255k in 2022123, £Ok Gifts in Kind), raising funds £198k (£122k in 2022123), and
governance costs of £39k, (£40k in 2022123)-
The Charity has increased its expenditure on various projects. Turkish Pain Management for £16k,
Ultrasound Scanner £22k, play items for the Paediatric department £13k, and paintings for the
hospital walls of £9k, to name a few. The increase in fund raising expenditure this year is a result
of the Charity expanding and employing a High Net-worth Fundraiser. The commitment accruals
for one year remained consistent at £158k 2023124 compared to £155k 2022123.
Income from general donations remains low. which may be a reflection of the continuing cost of
living crises, as well as a return to more usual levels of giving after the large spike in COVID-19
pandemic-related donations. However. grant income increased from £41 k in 2022123 to £286k in
2023124. The Stuttering Foundation Grant of £196k is included wthin this figure.
Gifts in Kind of £54k have also been included in income and expenditure, under donations and
charitable activities. as per the SORP (FRS102) guidelines.
Expenditure for 3 years to 3110312024
TOTAL
GOVERNANCE COSTS
CHARttA8LE ACTIVITIES
RAI%NG FUNDS
2(¥J
1200
2022 • 2023 • 2024

Examples of projects funded in 2023-24
Com
lementa thera
ie5 for cancer
atients
Treatment for cancer can be gruelling, lengthy, invasive, and often leaves patients with long-term
worrie5, In addition to the physlcal scarring, patients.can experience lingering anxiety and
depresslon. With charitable support, patients have been able to beneflt from complementary
therapies, including specialised massage and acupunGture. Whether provided during or after
cancer treatment. these theraples improve patients, physical and mental wellbeing during their
recovery, when delivered alongside treatments such as radiotherapy and chemotherapy.
In addition. the therapy sessions provide patients with a safe, supportive outlet to share their
experiences. A survey of programme participants found that over 80,10 felt that the programme
helped them to be more open about discussing their diagnosis and treatment with hiends and
family., These treatments are provided at no cost to patients. the programme Is funded entirely by
the Charity.
C Factor- An innovatlve and uni
uesu
ort
rou
Our support for cancer patients also extended to support groups. A diagnosis of cancer may
influence a person's mood, their relationships, activities, spirituality, work, or other areas cf their
lrfe. The C Factor offers supportive sessions for people with cancer. This innovative and award-
winning group inteNention uses a storytelling approach, focused on performance and creative
writing, to discuss the emotlonal effects of cancer and ts treatment. One patient remarked that,
'the C Faclor brings a n8w way to engage with can￿r experiences that is not just medical or
soGial'.
Su
rtin
those in u
need
Often, our smallest grants can make the bigg8St impact. In 2023-24, the Charity established th8
Urgent Assistsnce Fund- a programme of small grants- to respond immediately when the aim is
to relieve suffering andlor deliverjoyful experiences when time is of the essence. The focus is
often on supporting familles experiencing the combined pressures of financial h8rdship and a
medical emergency. Thls past year, we have supported a family whose baby w8s receiving care in
our NeonaLg1 Intensive Care Unit, we purchased a Moses basket to support a family as they moved
Iheir deceased baby, and we enabled a young patient dealing with physical disabilities resulting
from Ghemoth8rapy and radiotherapy to attend a cinema screening.
Sin
for Your Lun
The Charity continued to fund the Sing for Your Lungs group, supporting patlents with long-temi
respiratory conditions. Delivered by music therapists, Sing for Your Lungs is both a form of
treatment and a vital opportunity to engage with a wider group. Long Covid has only served to
increase the number of people suffering wlth respiratory condrtions, and thus the importance of
Sing for Your Lungs, delivered by two music therapists, has increased signrficantly.
Micha&l Palin Centre for Stammerin
Continuing their support from 2022-23, the Stuttering Foundation of America made a US$250,000
grant towards the Michael Palin Centre for Stsmmering, The funds enabled the Csntre to employ
four additional therapists, allowing mor& children with stammers to access the world-renowne
treatment provided by the Centre. With one in 12 children in the UK having a stammer at some
point in their lives, the Centre cannot possibly provide care to all who need it. However, through a
national helpline, extensive therapist training programmes and res8arGh studies. it has a crucial
role to play in ensuring that a child's location does not adversely affect the quality of care that they
receive.

News and structural changes
As the Charity has grown this year, it has seen some structural change, and now employs a grants
officer. The post is central to ensuring that donated funds achieve maximum impact.
The More Partnership. a fundraising consuliancy fimi wth specialist NHS charities expertise, also
completed their reviews into the Charity's public and high value fundraising. The majority of their
recommendations have now been implemented and. going forward, these will help the Charity to
achieve sustainable growth.
Charity Contact
To find out how you can get involved and support the Charity. please visit
www.whittin
tonhealthchari
email fundraisin
.whitthealth
nhs.net or call the Charity team
on 020 7288 3402

Whittington Health Charity
Financial Annual Report
for the year ending 31 March 2024
Registered charity number: 1056452
statement of Trustee's responsibilities in respect of the Trustee's
annual report and accounts
Under oharity law, the Trustee is responsiblefor preparing the Trustee's Annual Report and accounts
for each financial year which show true and falr vlew of the state of affalrs of the charity and of the
excess of expenditure over funds raised for that period.
In preparing these financial statements, generally accepted accounting practice entails that
the Trustee:
Selects suitable accounting policies and then applies th8m consist8ntly.
Makes judgements and estimates that are reasonable and prudent.
States whether the recommendations of the Statement of Recommended Practice (SORP)
have been followed, subject to any material departures disclosed and explained in the
financial statements.
States whether the financial statements comply with the Trust deed, subject to 8ny materlal
departures disclosed and explained in the financial statements.
Prepares the financlal statements on the going concem basis unless it is inappropriate to
presume that the charity will continue its actlvities.
The trustees are required to act in accordance with the trust deed and the rules of the charity, within
the framework of trust lavv. The truslees are responsible for keeping proper accounting records,
sufficient to disclose at any time with reasonable accuracy, the financial position of the charity atthat
time, and enable the trustees to ensure that, where any statements of accounls are prepared by the
trustees under section 132(1) of Charities Act 2011, those statements of accounts comply with the
requirements of regulations under that provision. The trustees have general responsibility for taking
Such steps as are reasonably open to the trustees to safeguard the assets of the charity and to
prevent ané detect fraud and other irregularities.
Signed on behalf of the Trustees:
Clare Dollery, Actlng Chief Executive Officer
Date.. 0111012024

Independent Examiners Report to the Trustees of the Whittington
Hospital NHS Trust Charitable Funds continued
I report to the charity trustees on my examination of the accounts of the charity for fh8 year ended
31 March 2024, which comprises the Statement of Financial Activities, the Balance Sheet and the
related notes, as set out on pages 14 to 25.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Fleports) Regulations 2008. My work has been undertaken so that I might
state to the charity's Trustees those matters l am required to state to them in an independent
examiner's report and for no other purpose. To the fullest extent permltted by law, I do not accept or
assume responsibilily to anyone other than the charity and th8 charty's Trustees, as a body, for my
work orfor this report.
Responsibilities and basls of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance wlth
the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the charity's accounts carried out under sectlon 145 of the
Act and In Carrying out my examination I have followed all fh8 applicable Dir@ctions given by the
Charity Commission under section 145(5)(b) of the Act.
Independent examlner's statement
The charity's gross income exceeded £25,OQO and l am qualified to undertake the examination by
being a qualified member of the Institute of Chartered Accounts in England & Wales (ICAEW).
Your attention is drawn to the fact that the Gharity has prepared the accounts in accordance with
Accounting and Reporting by Charities.. Statetnent of Recommended Practice applic8ble to charities
preparing thelr accounts in accordan￿ with the Financial Reporting Stsndard applicable In the UK
and Republic of Ireland (FRS 102) In preference to Accounting and Reporting by Charities:
Statement of Recommended Practlce issued in 1 April 2005 which is referred to in the extant
regulations but has since been withdrawn,
l understand that this has been done in order for the accounts to provide a true and fair view in
accordance with the Generally Accepted Accounting PractiGe effective for reporting periods
beginning on or after 1 January 2015.
I have completed my examination. I confirm that no material matters have como to my attention in
connection with the examination giving me cause to believe that In any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the
the accounts do not accord with those records,. or
the accounts do not complywith the applicable requirements concerning theform and content
of accounts set out in the Charities (Accounts and Reports} Regulations 2008 otherthan 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 concems and have come across no other matters in connection wlth th8 examination to
which attention should b8 drawn in this report in order to enable a proper understsnding of the
accounts to be reached.
Robert Srnlth ACA
Griffin Stone Moscrop & Co
21-27 Lamb's Conduit street
London
WC1N 3GS
Dated:
io

Statement of Financial Activities for the year ended 31 March 2024
Note
Unrestricted
Funds
(£000
Restricted Endowment
2023124
Total
{£ooo)
2022123
Total
(£000)
i£ooo)
(£000)
Income and endowments from -
Donations
Grant Income
Legacies
Other trading aclivities
Investments
164
31
18
23
15
16
255
180
286
18
23
44
313
41
22
24
29
29
Total Incorne
251
300
551
429
Expenditure on-
Raising funds
Charitable activities
G0Veman￿ costs
(187)
(122)
(39)
{11)
(409)
(198)
(5311
(39)
(122)
(255)
(40)
Total expenditure
420
768
(417}
Net Income l (Expenditure)
(97)
{120
(217}
12
Nel Gains I (Losses) on
Inveslmants
16
87
87
(97)
Net movement in funds
10
120
130
Reconclliation of Funds
Funds brought forward
2022123
21
343
1.724
18
2.085
2,170
27
Transfer between funds
(27)
Total funds carried forward
360
1.577
18
1,955
2,085
li

Balance Sheet at 31 March 2024
Note
Unrestricted
Funds
Restrlcted Endowment
2023124
Total
(£000)
2022123
Total
(£000)
(£000)
{£ooo)
i£ooo)
Fixed Assets
Investments
16
1.108
1,108
1,029
Total fixed assets
1,108
1,108
1.029
Current Asset5
Debtors
Cash
Stock
17
18
993
32
1.034
10
1,678
14
10
Total current assets
994
19
32
1,045
1,693
Llabilities
Creditors due within one year
19
(10)
(188)
(198)
(637)
Net current assets I Ilabllllies
984
(169)
32
847
1,056
Total assets less current liabilities
984
939
32
1,955
2,085
The funds of the Charity
Endowment funds
Restricted income funds
Unrestricted income funds
21
21
21
18
18
1,577
360
18
1.724
343
1,577
360
Total funds carried forward
360
1,577
18
1,955
2,085
On behalf of the Whittington Hospital NHS Trust Charitable Funds
Acting Chief Executive Officer
Date 0111012024
12

Notes to the accounts for the year ended 31 March 2024
1. Accounting Policies
Basls of preparation
The financial statements have been prepared under the historic cost convention, with the
exception of investments, which are included at market value. Furthermore, the financlal
statements have been rounded to the nearest (£OOOI and the presentation currency is GBP.
The financial statements have been prepared In accordance with the Statement of
Recommended Practice: Accounting and Reporting by Ch8rities preparing their accounts in
accordancg with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) issued on 16th July 2014 and the Financial Reporting Standard applicable
in the United Kingdom and R@publio of Ireland {FRS 102) and the Charities AGt 2011 and UK
Generally Accepted Practice as it applies from 1 January 2015.
The accounts have been prepared to glve Yrue and fair view and have departed from the
Charlties Regulations 2008 only to the extent required to provide a 'true and fair vi8W'.
The trustees consider that there are no material uncertainties about the Gharity's ability to
ontinue as a going COn￿rn. There are no material uncertslntles affecting the current yearfs
acGOUnts.
In future years, th8 key risks to th8 Charity are a fall in income frorn donations or investment
income but the trustees have arrdngements in Pla￿ to mitigate those risks.
The Charity meets the definition of a public benefit entity under FRS 102.
Funds structure
Where there is a legal restrictlon on the purpose to which a fund may be put, the fund is
classified elther as an endowment fund, where the donor has expressly provided that only
the income of the fund may be expended, or as a restricted income fund where the dDnor
has provided for the donation to be spent in furtherance of a specified charitable fund.
Th8 Trust has one endowment fund, where the capita1 is held to generate income for
charitable purposes.
Unrestricted income funds which are sub analysed between designated funds where the
trustees have set aside amount to be used for specific purposes. often reflecting the non-
binding wishes of the donors and unr6Strictgd funds which are applicable for any pU￿oSe of
the Charity.
Incoming resources
All incoming resources are recognised once the Charty has entitlement to the resources, It
is certain that the resources will be received and the monetary value of incoming resources
can be measured with sufficient reliability.
Where there are terms and conditions attached to incoming resoLsrces, particul8rly grants,
then these terms or conditions must be met before the Income is recognised as the
entitlement condition will not be satisfied until that point.
13

Incomlng resources from legacies
Legacles are accounted for as incoming resources either upon receipt or where the receipt
of the legacy is virtually certain: this will be once confirmation has been received from the
representatives of the estate(s) that payment of the legacy will be made, or property
tr2nsferrèd and once all conditions have been fulfilled and it is virtually certain thatth8 amount
of incoming resources Is known.
Incoming resources from endowment funds
The incomlng resources received from the invested endowment fund are wholly restricted.
Resources expended and irrecov8rab18 VAT
All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs relatgd to each category of expense shown in the Statement of
Financial Activities.
Expendlture Is recognised when the following criteria are met:
a, There is a present legal or constructive obligation resulting from a past event
b. It is more likely than not that a transfer of benefits (usually a cash payment} will be
required in settlement
c. The amount of the obligation can be measured or estimated reliably.
Irr8coverab18 VAT is charged ag8inst the category of resources expended for which it was
incurred. Vat exemption certificates are issued to suppliers where appropriate.
Grants are only Tllade to ￿la{ed orthird party NHS bodies and non NHS bodies in furtherance
of the charitable objects of the ￿nds. A liability of such grants is recognised when approval
has been given by the trustee.
Allocatlon of overhead and support costs
Overhead and support costs are those costs which do not relate directly to a sing18 activity.
These include staff costs, costs of administration, intemal and external audit costs and IT
support. Support costs have been apportioned between fundraising ccsts, governance and
charitable activities. The analysis of support costs and the basis of apportionment applied
are shown in note 12. Staff costs are apportioned between the unrestricted fund categories,
on the basis of the fund value.
Expenditur8 on raising funds
The expenditure on raising funds are those costs attributable to generaling incoming
resources for the charity including fundraising and investment management costs.
Expenditure on charltable actlvltles
Costs of Charitable Activities comprise all costs incurred in the pursuit of the charitable
objectives of the Charity. These costs, where not wholly attributable, are apportioned
belwe8n th8 categories of charitable expendlture In addition to the direct costs. The total
costs of each category of charitable expenditure therefore include support costs and an
apportionment of overheads, as shown in note 9.
Governance Costs
Govemance costs comprise all costs attributable to ensuring the public accountability of the
charity and its Compliance with regulation and good practice. These costs include those
related to statutory audit and are induded in expenditure in 'Charitable Activities,.
14

Fixed asset investments
Investments are stated at marf(et value as at the balance sheet date. The statement of
financial activities includes the net galns and losses arising on revaluation and disposal
throughout the year.
Quoted stocks and shares a￿ included in the balance shegt at mid-market price, including
dividends.
Realised gains and losses
All gains and losses are taken to the statement of financial activities as they arise. Realised
gains and lossos on Investments are calculat&d as the difference between sales proceeds
and opening market value (purchase date if later). Unrealised gains and losses are calculated
as the difference between the carrying value at the year end and opgning market value.
Accountlng for trade receivables and trade payables
Current assets and current liabilities arising from contractual rights or obllgations {for example
trade debtors or trade118bllitles) are canled in the balance sheet at the cash amount or other
consideration expected to be received or pald in their settlement.
Pensions
All slaff members recharged to charitable funds are on the payroll of the Whittington Health
NHS Trust, which deduGts any pension contributions due. The gross cost including pension
contributions is charggd to charitable funds.
Rlsk
Acceptable rlsk - A 'medium risk" approach is to be adopted in the management of the
charity'5 investment assets. This is noted on the Trust Risk Register.
Investment strategy
The aim of the portfolio structure is to provide both long tenn growth in capital values and
income to maintain those values in real terms. This is achieved through a balance between
fixgd assets securities, UF< @quities and collective funds such as unit trust and investment
Irusts. As th8r8 have been significant drawdowns over the years, it's been necessary to take
a grddually lower risk profile with the remaining assets.
The Trustee has made the following ethical provisions within th8ir instruGtioris to the
investment managers such as no investment in tobacco (nor vaping) companies. no
investment in businesses whose primary role is the manufacture of armaments and
investments in alcohol producers and related companies should be kept in moderation. The
trustee aims to maintain sufficient liquid cash resources available to meet six months,
estimated payment commltments.
Consolidatlon of Charity accounts with linked NHS body
As charitable incame during the year is less than 1 % of the Trust's revenue (£1m compared
to £350ml, the funds are not considered sufficiently material for consolidated accounts to be
prepared. The position will be reviewed annually to confimi whether or notthe Charity's funds
are material enough for consolidation to be appropriate.
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.
Is

2. Prior year comparatives by type of fund
Paragraph 4.2 of the SORP states that FRS102 requires that comparative infomiation must
be provided for all amounts in the Statement of Financial Activities (SOFA). The SORP
requires that comparative information for the lotal funds of a charity must be provided on the
face of the SOFA and comparative infomiation for each class of funds can be provided either
on the face of the SOFA or in a note to the accounts.
The primary statements provide prior year comparatives in total. this note provides prior
period comparatives for the SOFA and the Balan￿ Sheet for each of the three types of funds
that Whittington Charity manages.
Note 2 - 2023124
Unrestricted Restricted Endowme
Funds
nt
(£000
2023124
Total
i£ooo)
2022123
Total
i£ooo)
(£000)
(£000)
Income and endowments from:
Donations
Grant Income
Legacies
Other trading activities
Investments
165
31
18
22
16
255
181
286
18
22
313
41
22
24
29
15
29
44
Total Income
251
300
551
429
Expenditure on -
Raising funds
Charitable activities
Governan￿ costs
{187)
(122)
(39)
(11)
{409)
(198)
(531)
(39)
(122)
(255)
(40)
Total expenditure
1348)
(420)
(768)
(417)
Net Income l (Expenditure)
(97)
(120)
(217)
87
12
Gains l (Losses)
87
(97)
Net movement in funds
10
120
130
85
Reconciliation of Funds
Funds brought fO￿ard
2022123
343
1724
18
2.085
2,170
Transfer be￿een funds
27
(27)
Total funds carried forward
2023124
360
1,577
18
1.955
2,085
16

Note 2 - 2022123 prior year comparative
Unrestricted Restrlcted Endowment
Funds
Funds
Funds
(£000
{£ooo)
(£000)
2022123
Total
{£ooo)
2021122
Income & endowments
from
Donations
Grant Income
Legacies
Other Trading Activities
Investments
98
41
22
24
19
215
313
41
22
24
29
285
152
30
10
26
Totsl Income
204
225
429
493
Expenditure on
Raising Funds
Charitable Activities
Governance Costs
(37)
(145)
(31)
{85)
(108)
(9)
(122)
(255)
(40)
(58)
1940)
(35)
(2)
Total Expenditure
(213)
1202)
{2
(417}
{1,033)
Net Incomel
Ex
enditure
23
12
540
Gains l (Losses)
(97)
(97)
21
Net Movement In Funds
(9)
74
85
(519
Reconciliation of Funds
Funds brought forward
2021122
352
1,798
20
2,170
2,689
Total Funds carrled forward
2022123
343
1,724
18
2,085
2.170
Gifts in Klnd Donatlons and Services
Gifts-in-kind is used to describe contributed non-financial assets or services to the Charity that are
either tangible goods or services. and not money.
SORP FR5102 chapter 6.. 'Income from donations that are Gifts in Kind ore recognised when there 15
evidence of entitlement to the gift, receipt is probable, ond its foir volue morket omount con be
meosured reliably.,
The Charity ha5 considered the services and donations received as gifts in kind this year to be
material for the first time this year and the cost involved in accounting for them is therefore
justified by the benefits to the users of the accounts in terms of their better understanding the
resources available.
For 2023124, the Charity discloses Gifts in Kind income and expenditure of £54k for 2023124 within
its reported Income and Expenditure reported totals. This is a direct result of major refurbishment
projects commencing during 2023/24 and benefitting from pro-bono gifts.
17

Related party transactions
The corporats Trustee consisted of gither employ8es of the Whittington Health NHS Trust or
non*x6CUtivg directors of Whittington Health NHS Trust.
During the year none of the employees or non-executive directors acting as Corporats
Trustees or members of the key management staff or parties related to them has undertaken
transactions with Whittington Hospital NHS Trust Charitable Funds.
4. Income from donations and legacies
Donations from indÉvidu8ls are gifts from members of the public, relatives of patients and
staff.
Unrestricted Restrlcted
Funds
Funds
(£000)
(£000)
Total
2024
{£ooo}
Total
2023
(£oooi
Corporate & personal donations
Legacies
Grants
165
18
31
16
181
18
286
313
23
41
255
Total
214
271
485
377
5. Analysls of income from other trading activities
Paragraph 4.42 of the SORP requires that the notes to the accounts provide an analysis of
the material components of income included within each analysis heading of the Statement
of Financial Activities (SOFA).
Unrestrlcted Restricted
Funds
Funds
(£000)
(£aoo)
Total
2024
{£ooo)
Total
2023
(£000)
Merchandising
Total
22
23
23
22
22
23
6. Role of volunteers
Like all charities, Whittington Charity is reliant on a team of volunteersforoursmooth running.
Our volunteers provide two key roles, Fund advisors and Fund Raisers. These volunteers
provide a valuable seNice for us by promoting the Charity and infoming the public of the
work we do to enhance the services that the Trust provides.
18

7. Gross investment income
Unrestrlctod
Funds
R05trlcted Endowment
2023124
Total
i£ooo)
2022123
Total
(£000)
{£ooo)
{£ooo)
i£ooo
Fixed Asset Equlty
Cash Deposlt
14
27
41
29
Total
15
29
44
29
8. Analysis of expenditure on raising funds
2023124
(£000
2022123
{£ooo}
Fundraising office
Fundraising events
159
40
122
Total
198
122
9. Analysis of charitsble and governance expenditure
The Charity did not undertake any direct Gharitab1e activities on its own account durlng the
year. All of the charitable expenditure was in theform of grantfunding. The expenditure b8low
Includes governance costs in the 2023-24 year of £39k, these costs were £5k in 2022-23.
Gifts in Kind expenditure totalled £54k in 2023124.
2023124
(£000)
2022123
i£ooo)
Patients
Equipment
Staff (training. research and other)
Support staff costs
Consultancy
Statutory independent examination fees
Gifts in Kind
405
62
71
118
41
72
28
54
Total
570
295
10.Analy5is of grants
The Charity did not make any grants to individuals for 2023124 or 2022123.
11. Movement In funding commitments
As of 31 March 2024, there was an increase in funding commitments of £6k from £152k in
2022123 to £158k in 2023124.
19

12.Allocation of support costs and overheads
Support and overhead costs are allocated between fundralslng activities, charitable activities
and governanc8 costs. Fundraising costs are those support costs that relate to the strategic
and day to day management of a charity. All salary costs are apportioned by role definition,
Unrestrlcted Restrlcfed
Funds
Funds
(£000)
(£000)
Total
2024
(£ooo}
Total
2023
(£000)
Charitsble Activities
Raising funds
Govemance Costs
32
162
33
32
162
33
122
40
Totsl
227
227
162
Average head count for the Charlty for 2023124 is 5. For 2022123 it was also 5.
13.TruBtees' remuneration, beneflts and expense5
The trustse of th8 Charity is Whittington Health NHS Trust. The Charity's trustee members
are not employed by the Charity, and give of their time freely. Whilst they receive no
remuneratlon for their work as Charity trustee members, they can claim expenses to
reimburse them for ne￿$Sary costs Incurred in fulfilling this duties.
No expenses were relmbursed to Trustees in 202312412022123 NII}.
14.Analysis of staff costs and remuneration of key management personnel
Th8 Whittington Charity does not employ any staff directly.
There are five contracted employees of Whittington Health NHS Trust who provide day to
day management and administration s8Nices for the Charity. Their salaries are paid by
Whittington Health NHS Trust and are charged to the Charity on a pro-rata basis, depending
upon their time spent involved with Charity duties.
The total staff costs recharged to the Charity for 2023124 were £227k, (2022123 £267k).
15. Independent examiner's fees
The independent examinerfs fee of £3k for 2023124 (2022123.. £3k} related solely to the review
with no additional work being undertaken.
20

16. Fixed asset investments
All investments are carried at fair value. The significance of financial instruments to the
ongoing financial sustainability of Whittington Charity is considered in the rtsk analysis
section of the trustees. annual report.
2023124
(£000)
2022123
{£ooo}
Fixed asset investments
UK equities
Overseas equities
Bonds and fixed interest
Property
Other (including cash held by managers)
CCLA Collective Investment Vehicles (Pooled Funds)
Total Listed investments
309
352
222
30
116
1.108
1,108
1,029
Cash on interest bearing deposit
Total
1,108
1,029
Asset Allocation held with CCLA
Asset Class Breakdown
Allocation (%)
Equty
Infrastructure & operating Assets
Fixed Interest
Propety
Private Equity & Other
Cash & Near Cash
Contractual & Other Income
Derivatives
OTAL
71.48
9.13
8.03
4.59
3.33
2.18
1.24
0.02
100.0
Reconciliation of
fixed asset
investments
Bfvid
Balance at
0110412023
Transfers
Net
Gains I
{Losses)
Cfwd
Balance at
3110312024
UK Equities
Overseas Equities
Bonds and fixed interest
Propety
Other (incl cashl
CCLA Collective
Investments Vehicles
(Pooled Funds)
309
352
222
30
116
{309)
{352)
(222)
(30)
{116)
1029
79
1,108
Listed investments
1,029
79
Cash on interest bearing
deposit
Total
1,029
79
1,108
The main risk from financial instruments lies in the combination of un￿rtain investment
markets and volatility in yield.
21

WhlttlngtDn Charity manages these inve8trnent risks by retaining expert advisors and
operating an investment policy that provides for a high degree of diversification within
Investment asset classes.
In October 2023. the Charity agreed to transfer its portfolio of funds from InvestgG to CCLA,
into a pooled UK Ethical Fund.
17. Analysis of current debtors
2023124
(£000)
2022123
(£oooi
Debtors undèr 1 year
Trade debtors
Total
18.Analysls of cash and cash equivalents
2023124
{£ooo}
2022123
(£000)
Cash in hand
1,034
1,678
Total cash and cash equlvalents
1,034
The noti￿ deposlts are sums held on interest bearing deposit with any bank and represent
restricted appeals to fund specific equipment or funds to facilitate cash-flow. The funds are
held on a 90-day notice account and therefore classified as liquid and therefore cash and
cash equivalent.
No cash or cash 8quivalent were held in non-cash investments or outside of th8 UK.
All of the amounts h8ld on interest bearing deposit are available to spend on charitable
activities.
19.Analysls of Ilabllitles
2023124
(£ooo}
2022123
(£000)
Credltors under 1 year
Charitable activities
Recharges for staff salaries
Def8tT8d Income
Independent Examinatlon Fee5
170
20
156
478
Total
198
637
Whittington Charity does not have any creditors greater than 1 year 2023-24. (2022123: Nil)
20.Transfer between funds
There has b6en a £27k transfer between funds during 2023124. This was to reverse out an
opening balance difference from 2022-23 on the Balance Sheet. (2022123: Nil)
22

21. Analysis of charitable funds
(a) Analysis of fund movements for 2023124
Blfwd
2022123
Transfers
between
funds
Income
Expenditure
Gain I
(Loss)
Clfwd
2023124
£0
£0
£0
£0
£0
£0
Fund type
Restricted
Unrestricted
1.724
343
18
300
251
-420
-348
-27
27
1.577
360
87
Endowment
Total
2,085
551
-768
87
1.955
(b) Analysis of fund movements for 2022123
Bl￿d
2021122
Transfers
between
funds
Income
Expenditure
Gain I
(Loss}
Clfvid
2022123
£0
£0
£0
£0
£0
£0
Fund type
Restricted
1.798
225
-202
-97
1.724
Unrestricted
352
204
-213
343
Endowment
20
18
Total
2,170
429
417
-97
2,085
23

The trustees set an opening or closing balance of £100,000 or above as the threshold for the
separate reporting of material designated (earmar*ed) funds. In the interest of accountabillty
and transparency a complete breakdown of all such funds is available upon written request.
There are three funds with balances classed as material and these are includ8d in the
following table.
Material Fund Name
BalanG8 at
3110312024
£000
Purpose
The Kanitz Be
uest
Andre Kanitz Bequest
G8neral Restricted Funds-
Reval 2
511
109
441
Earmarked for Trusts ITU unit - Restrlcted
Eanmarked for Cancer Research
These funds are ring-fenced, and ear
marf(ed for allocation across fLJnds-
Unrestricted
22. Reserves Polic
The Trustee believes that the majority of donations to Whrttington Health Charity are giv8n on the
understanding that the income will be spent in a timely and responsible manner and reserves
should therefore be kept to th8 minimum possible.
Reserves are required to..
cover salary costs for all substantive posts forthe minimum notip£ period stated in the
relevant contracts of employment.,
cover administration costs for a period of six months.,
cover audit fees for six months.,
over planned (committed) expenditure for a minimum period of three months to allow
ongoing projects to be complat8d.
Based on the above. the maximum desired reserves of the Charity is equivalent to six months of
operating costs, based on current financial forecasts, honouring of existing financial commitments
andlorthe length of time it would take to recover income levels. This gives us a suggested target
reseNes level of £250,000.
The Trustee shall review any balances held in eX￿sS of the target resaNes level and consider
longer term investments where funds cannot reasonably be spent in the short term. Advice wlll be
sought priorto any such long-temi investment. Our Resetves Policy sets the framework within
which tho Trustee will fulfil its responsibilities.
The Charity's current levels of unrestricted reserves are considerably higher than the target level
due to a recent project, delivered with the support of Charity lawyers and the Charity Commission,
to de-restrict dozens of historic charitable funds. The Charity has also, for the first time,
implemented a grant-making strategy, settlng out specific spending tsrgets in particular areas.
such as state of the art equipment, addressing health inequalities and environmental
improvements. This includes a commitment to fund rnore than £800,000 of charitsble projects over
a two-year period.
In summary, the Charity's reserves will reduce considerably over thg coming months.
24