## **HILLINGDON HOSPITALS CHARITY** **(Registered Charity No 1056493)** **Annual Report and Accounts For the year ended 31 March 2024** ## **HILLINGDON HOSPITALS CHARITY** ## **ANNUAL REPORT** ## _**LEGAL AND ADMINISTRATIVE SUMMARY**_ ## 1. Nature of Governing Instrument A Trust Deed dated 15 November 1995 governs The Charity. The Charity Commission have approved this Deed. Full details can be accessed at their website www.charity-commission.gov.uk. ## 2. Registered Charity Number The Registered Number of the Charity is 1056493. ## 3. Trustee The Hillingdon Hospitals NHS Foundation Trust is the corporate trustee of the Charity, appointed in accordance with clause B of the Declaration of Trust. Non-Executive members of the Board of Directors are appointed by the Foundation Trust’s Council of Governors and Executive members are recruited by the Board of Directors Nominations Committee. A Charitable Funds Committee has been established to assist the corporate trustee in the management of the funds. The Board appoints Committee members to the Charitable Funds Committee, taking into account the particular skills and experience of the individuals and the requirements of the role. ## 4. Management of Funds The Board of The Hillingdon Hospitals NHS Foundation Trust has put in place a Charitable Funds Committee to oversee the governance of funds. The Committee is chaired by a Non-Executive Director of the Trust and reports to the full Trust Board. ## 5. Principal Address The principal address of the Charity is: The Hillingdon Hospitals NHS Foundation Trust, Pield Heath Road, Uxbridge, Middlesex UB8 3NN 1 | P a g e ## 6. Professional Organisations - (a) The bankers for the Charity are: HSBC Bank plc, PO Box 41, High Street, Uxbridge, Middlesex, UB8 1BY. - (b) The investment advisers for the Charity are: Brewin Dolphin Securities Ltd, 12 Smithfield Street, London, EC1A 9LA. - (c) The Independent Examiners for the Charity are: Moore Kingston Smith LLP, 6[th] Floor, 9 Appold Street, London, EC2A 2AP, United Kingdom. - (d) The internal auditors for the Charity are: KPMG LLP, 15 Canada Square, London, E14 5GL. 7. Powers of Investment The trustee may invest the funds or part thereof in the purchase of or at interest upon the security such stocks, funds, shares, securities or other investments as the trustee in their discretion think fit. 2 | P a g e _**OBJECTIVES**_ The objectives of the Charity are to hold funds upon trust and to apply the income and, at the trustee’s discretion, the capital for any charitable purpose or purposes relating to the National Health Service wholly or mainly for the services provided by The Hillingdon Hospitals NHS Foundation Trust. ## _**REVIEW OF THE YEAR’S ACTIVITIES**_ 2023/24 was primarily spent on the design, planning and fundraising for our new Spinal and Neurological Rehabilitation Garden. Originally planned for Mount Vernon, it is being built at Hillingdon following the transfer of the Rehabilitation wards. We have been extremely lucky to secure the services of Tom StuartSmith, the Chelsea Gold medal winner and royal gardener to design and project manage the Garden. Tom has specific expertise in this area, having also designed the Rehabilitation Garden at the Royal National Orthopaedic Hospital in Stanmore. Work started in the Spring and will be finalised during 2024 with the building of a bespoke shelter, allowing the Garden to be used throughout the year. This facility will benefit up to 60 patients at any one time and will allow outdoor Rehabilitation, as well as being a safe space for patients and families who just need a break from their Ward. The total cost of the Garden will be around £200,000; we have been very well supported in our fundraising efforts, particularly by Mills Ltd, a local company who donated £38,000 from the proceeds of the auction at their Golf Day. A few of other supporters gave over £5,000 each and we received a bequest that allowed us to reach our target sooner than we had expected. The Charity exists to fulfil its funding objectives, the fundraising activity that we undertake is to service those objectives. As such, we are not a ‘fundraising’ organisation, but an organisation committed to fulfilling our charitable objectives and we raise funds to allow us to do that. The fundraising outlook has gradually improved over the year as the effects of the pandemic slowly fell away and we have been able to engage with our local community more actively. We have also been able to get more actively involved in projects around the Trust. Some of the activities have included: - Attending the Trust Open Day and having a successful engagement with visitors and staff at Mount Vernon. - Continuing our normal annual fundraising activities, including the Virtual Half marathon, the Pub Quiz and introducing an annual Photography Competition, focussing on Autumn. - In addition to the Rehabilitation Garden, we have continued to fund numerous smaller projects around the Trust. These have included: `o` Refurbishing the Orthoptic Waiting Room - Funding International Nurses, Midwives and AHP Celebration days 3 | P a g e - The ‘Think Yellow’ falls prevention initiative, with thanks to Christoper Nevill Estate Agents who funded this. The success of our appeals to date has demonstrated that this is the area where we can be most supportive of the Trust. We are now evaluating a project to completely redesign the Family areas in our Neonatal Intensive Care Unit (NICU). This will involve repurposing family bedrooms and day rooms, redesigning the area with a more contemporary feel, improving the main entrance so it is lighter and more welcoming and providing additional storage for equipment that currently has to be kept in corridors. The possibility of the new Hospital remains front of mind and we are being forensic in ensuring we get maximum longevity from any investment in the estate that we undertake. ## _**OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT**_ The trustee confirms it has complied with its duty under section 17 of the Charities Act 2011, the Accounting and Reporting for Charities; Statement of recommended practice (SORP), revised 2015. It has considered the public benefit guidance published by the Charity Commission and believes that it has followed it. The funds have been applied towards benefiting the public in accordance with the objectives of the charity. This is achieved by the Charity supporting a range of charitable and health related activities that included the purchase of additional goods and services above and beyond what is usually provided by the NHS. Spend on staff welfare and amenities was £106k (2022/23: £29k) and includes mainly cost towards thankyou event for volunteers & funding for staff x-mas meals. Spend on patients' welfare and amenities were £482k (2022/23: £219k). The Charity spent the grant for delivery of petals for maternity bereavement counselling service & a magic table purchased by safeguarding team. ## _**FINANCIAL REVIEW**_ The Annual Accounts show the financial position of the Charity for the year ending 31 March 2024. The total income for the year was £489k (2022/23: £291k) this includes some of the major donations as below, £318k from legacy, £26k donations via Just giving, £13k from much loved & £12k was from dividends on investments (2022/23: £10k). Total expenditure for the year was £604k (2022/23: £262k) with the majority of this on charitable activities £588k (2022/23: £248k). To further encourage expenditure, the committee has decided that where funds are non-active for a certain amount of time then they will be amalgamated to a general fund where they are more likely to be utilised. The total balance of funds as at 31 March 2024 was £1,047k (2022/23: £1,098k) reflecting a net decrease of £51k. This balance of funds is considered by the trustee to be sufficient to meet the known obligations of the Charity. 4 | P a g e The majority of fund balances are held as investments, either shares or stocks, with the remainder in interest bearing accounts. No other fixed assets are held by the Charity. The investments are managed by the fund managers Brewin Dolphin Securities Ltd and are valued using mid-market Stock Exchange prices. The Trust has requested Brewin Dolphin manage the Charity investment funds on a “category risk level 5” basis – cautious with risk; the appropriate investment benchmark being WMA (Wealth Management Association). The Charity also benchmarks with members of the NHS Charities Together to ensure it adopts the appropriate balance of risk and return. Investments were valued at £793k as at 31 March 2024 representing an in year gain of £56k (2022/23: £51k loss) due to appreciation in investment market conditions. The Trustee has established an ethical consideration for investments and has directed Brewin Dolphin to act ethically when investing; this excludes investing into tobacco and alcohol. ## _**GOVERNANCE**_ The Hillingdon Hospitals NHS Foundation Trust is the corporate trustee for the Charity. The Board members of the NHS Foundation Trust are therefore jointly responsible (on behalf of the NHS Foundation Trust) for the management of the Charity. Collectively the Board contains a wide range of business skills, including accountancy and governance that assist Board members in the oversight of the Charity. The Board delegates responsibility for the management of the Charity to an officially constituted Board committee, the Charitable Funds Committee. This meets a minimum of three times a year, is chaired by a Non-Executive Director, and holds to account those staff that have direct financial and administrative responsibility for charitable funds. Appropriately skilled and qualified staff of The Hillingdon Hospitals NHS Foundation Trust performed the supporting management and administration of funds, including the accounting and fundraising, for a total cost of £167k (this included a charge of £20k related to governance). Additionally, a fee of £6k was charged for an independent examination on the annual report and accounts. Fundraising will increase over time to offset these costs and put the Charity on a positive footing for the future. The Charity Director and the Community Fundraiser are members of staff employed by The Hillingdon Hospitals NHS Foundation Trust that is fully funded by the Charity. Remuneration and salary was set by benchmarking against other not for profit organisations. No trustee received any remuneration in respect of his or her services to the Charity during the year. The Committee puts policy and procedures in place to ensure income is spent in accordance with donors’ wishes, in line with the charitable objectives and within 5 | P a g e a reasonable period of time. This includes an authorisation process of requests for grants and support, which always involves a member of the Charitable Funds Committee. At an appropriate level of detail at each of its meetings the Committee also reviews expenditure decisions taken. ## Reserves Policy In 2022-23, the Trust adopted a reserves policy, under which £200k is considered an appropriate level of reserves to ensure that the Charity can continue to meet its objectives and obligations. This level was selected as it covers the running costs of the Charity for a 12-month period. The value of unrestricted reserves as at 31 March 2024 was £896k (2022/23: £808k). It is the intention of the trustee to continue to run the Charity in line with its current aims and objectives. ## Risk Management Board members recognise they are responsible for the Charity’s investments and cash assets. The Charitable Funds Committee has delegated responsibility from the Trust Board, and this is set out in a Terms of Reference document. The Committee regularly reviews the activities of the Charity and assesses the major risks to which the Charity is potentially exposed, i.e., financial, operational and reputational and is satisfied that systems are in place to mitigate exposure to those risks. The Charity’s accounts and financial procedures are subject to internal reviews and any internal audit recommendations are implemented. Investments are managed by professional advisors, Brewin Dolphin and have been classified at a level appropriate to this sector, caution with risk including income return. This effectively means the Charity retains a degree of protection in its investment strategy but is also looking for a higher rate of return than would be expected with the lowest risk classification. In doing so the corporate trustee acknowledges the values of the investments are not guaranteed and will fluctuate, but over the medium-term expects an above inflation level of return. ## Going Concern After making enquiries the trustee has a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. Day to day working capital requirements are managed without the use of an overdraft facility. Although expenditure may exceed income in line with the Charity’s aim to reduce reserves this is supported by a strong investment portfolio. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 6 | P a g e ## Grants Distribution Policy The Charity has both restricted and unrestricted funds. Restricted funds are given to the Charity for purposes specified by the donor and used in accordance with the donor’s wishes. These restricted funds are spent mainly on research and medical equipment. Unrestricted funds are used for general purposes for the benefit of the hospitals not otherwise funded by the NHS. The Charity’s £151k restricted funds at the end of the accounting period were 14% of total funds available. Unrestricted funds at the end of the accounting period were £896k. There are no specific guidelines attached to the utilisation of these funds. In some cases, individual project grants are made over a period of more than one year. In this instance under the Statement of Recommended Practice (SORP), the grant is fully recognised in the year it is committed. The Trust applies to the Charity for internal investment funding as part of its annual business planning process. From these applications, the Trust selects items it considers eligible for funding by the Charity. The selection is submitted to the Corporate Trustee that considers the merits of each project and chooses the most appropriate. The Charity’s policy only provides grant funding to Hillingdon and Mount Vernon Hospitals and not to any other individual or organisation. Signed on behalf of the trustee Vineeta Manchanda Chair of the Audit and Risk Committee Non-Executive Member of the Hillingdon Hospitals NHS Foundation Trust Board Date: 20 December 2024 7 | P a g e ## **THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493** ## **Statement of trustee’s responsibilities** The trustee is responsible for preparing the Trustee’s Annual 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustee is required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The 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 order of the Trustee Signed: ## Vineeta Manchanda Chair of the Audit and Risk Committee Non-Executive Member of the Hillingdon Hospitals NHS Foundation Trust Board Date: 20 December 2024 8 | P a g e ## **Independent examiner’s report to the trustees of The Hillingdon Hospitals NHS Foundation Trust General Amenities Fund and Other Related Charities** I report to the trustees on my examination of the accounts of The Hillingdon Hospitals NHS Foundation Trust General Amenities Fund and Other Related Charities for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees 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 Charity’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 Charity 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. Adam Fullerton FCA DChA For and on behalf of Moore Kingston Smith LLP 6[th ] Floor, 9 Appold Street, London EC2A 2AP Date: 20 December 2024 9 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 ## **Statement of Financial Activities for the year ended 31 March 2024** |||||||**2023/24**||2022/23| |---|---|---|---|---|---|---|---|---| ||Note|Unrestricted||Restricted||**Total**||Total| |||Funds||Funds||**Funds**||Funds| |||£000||£000||**£000**||£000| |**Income and endowments**||||||||| |Donations|3.1|475||-||**475**||281| |Other trading income|3.1|1||||**1**||| |Investment income|3.2|12||-||**12**||10| |**Total**||489||-||**489**||**291**| |**Expenditure**||||||||| |Raising funds||||||||| |Fundraising costs|4.1|8||-||**8**||7| |Investment management costs|4.2|8||-||**8**||7| |Charitable activities|4.3|450||138||**588**||248| |**Total**|5.1|466||138||**604**||262| |**Net gains/(loss) on investments**||65||-||**65**||(44)| |**Net Income/(expenditure)**||87||(138)||(51)||(16)| |**Transfers between funds**||-||-||**-**||-| |**Net movement in funds**|6|87||(138)||(51)||(16)| |**Reconciliation of funds:**||||||||| |Total funds brought forward||808||289||**1,098**||1,113| |**Total funds carried forward**||896||151||**1,047**||1,098| The notes at pages 13 to 24 form part of this account. 10 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 ## **Balance Sheet as at 31 March 2024** ||Note|Unrestricted|Restricted|Restricted|**Total at 31**|Unrestricted|Unrestricted|Restricted|Total at 31| |---|---|---|---|---|---|---|---|---|---| |||Funds|Funds||**March 24**|Funds||Funds|March 23| |||£000|£000||**£000**|£000||£000|£000| |**Fixed assets:**|||||||||| |Investments|7|720|73|73|**793**|555||181|**737**| |**Total fixed assets**||720|73||**793**|555||181|737| |**Current assets:**|||||||||| |Debtors|8|6||-|**6**|-||-|**-**| |Cash at bank and in hand|8.1|745|78|78|**823**|264||108|**372**| |**Total current assets**||751|78||**829**|264|-|108|372| |Creditors: Amounts falling due|||||||||| |within one year|9|(575)|-||**(575)**|(12)||-|(12)| ||||||||||| |**Net current assets/ (liabilities)**||**176**|**78**||**254**|252|-|108|361| ||||||||||| |**Net assets**||896|151||**1,047**|808|-|289|1,097| |**The funds of the charity:**|||||||||| |Restricted income funds|10.2|-|151||**151**|-||289|289| |Unrestricted income funds||896|-||**896**|808||-|808| |**Total charity funds**||896|151||**1,047**|808||289|1,098| Approved by the Audit and Risk Committee and signed on its behalf of the Board. Vineeta Manchanda Chair of the Audit and Risk Committee Non-Executive Member of the Hillingdon Hospitals NHS Foundation Trust Board Date: 20 December 2024 11 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 ## **Statement of Cash Flows for the Year Ended 31 March 2024** ||Note|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |**Cash flow/(outflow) from operating activities**|||| |Net cash (used in)/provided by operating activities||430|(81)| |**Cash flows from investing activities**|||| |Investment income and interest received||12|10| |Proceeds from disposal of fixed asset investments|7|373|56| |Payments to acquire investments|7|(365)|(49)| |**Net cash iInflow from investing activities**||20|17| |**Increase/(Decrease) in cash and cash equivalents in the year**||450|(64)| |**Cash and cash equivalents at beginning of the year**||373|437| |**Cash and cash equivalents at end of the year**||823|373| ||||| |**Reconciliation of net income/ (expenditure) to net cash flow from operating activities**|||| |||**2024**|**2023**| |||**£**|**£**| |**Net (Expenditure)/Income**||(51)|(16)| |**Adjustments for:**|||| |Net (gains)/ losses on investments||(65)|44| |Investment income||(12)|(10)| |Decrease/ (Increase) in debtors||(6)|4| |(Decrease)/Increase in creditors||563|(104)| |**Net cash provided by/used in operating activities**||430|(81)| **Please note: The Charity has no debt & accordingly no net debt note is presented** 12 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 ## **Notes to the Account** ## **Accounting 1.1 Basis of preparation Policies** These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of investments being measured at fair value through income and expenditure within the Statement of Financial Activities. The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benefit entity for the purposes of FRS 102 and therefore the Charity also prepared its financial statements in accordance with the 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 (The FRS 102 Charities SORP) and the Charities Act 2011. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest one The principal accounting policies adopted in the preparation of the financial statements are set out below ## **1.2 Going Concern** After making enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. Day to day working capital requirements are managed without the use of an overdraft facility. Although expenditure may exceed income in line with the Charity's aim to reduce reserves this is supported by a strong investment portfolio. Accordingly, the Trustees continue to adopt the going concern basis in preparing the financial statements. ## **1.3 Income** - a) All income is included in full in the Statement of Financial Activities as soon as the following three factors can be met: - i) entitlement - arises when a particular resource is receivable or the charity's right becomes legally enforceable; - ii) probability - when it becomes probable that the income will be received; - iii) measurement - when the monetary value of the income can be measured with sufficient reliability. ## b) Legacies & Bequests Legacies and Bequests are accounted for as an incoming resource once the receipt becomes probable. This will be once confirmation has been received from the representatives of the estates that payment of the legacy will be made or that property bequeathed will be transferred and once all associated conditions have been fulfilled. 13 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 ## ~~r~~ **1.4 Expenditure** The Charity accounts are prepared in accordance with the accruals concept. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. ## a)Cost of raising funds These are accounted for on an accruals basis. The cost of raising funds are the costs associated with generating income for the funds held on trust. ## b)Grants payable Grants payable are payments, made to third parties in the furtherance of the charitable objectives of The Hillingdon Hospitals NHS Foundation Trust General Amenities Fund to relieve those who are sick. They are accounted for on an accruals basis where the conditions for their payment have been met or where a third party has a reasonable expectation that they will receive the grant. This includes grants paid to NHS Bodies. - c) Support costs These are accounted for on an accruals basis and are recharges of appropriate proportions of costs from The Hillingdon Hospitals NHS Foundation Trust. These costs are allocated between Charitable Activities and Costs of raising funds based on the - d) Governance costs These are accounted for on an accruals basis. The governance costs comprise all costs attributable to ensuring the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination together with an apportionment of support costs. ## ~~Fr~~ **1.5 Structure of funds** Where there is a legal restriction on the purpose 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 funds. The major funds held within these categories are disclosed on notes 10.1 to 10.3. Income relating to gains on investments and costs relating to the running of the Charity are allocated across all funds pro-rata by size. ## ~~r~~ ~~**1**~~ **.6 Investment Fixed Assets** Investment fixed assets are shown at market value. - a)Quoted stocks and shares are included in the balance sheet at mid-market price, ex-dividend. - b)Other investment fixed assets are included at trustees' best estimate of market value. 14 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 ## **1.7 Realised gains and losses** All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or date of purchase if later). Unrealised gains and losses are calculated as the difference between market value at the year end and opening market value (or date of purchase if later). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. All other debtor and creditor balances are considered to be basic financial instruments under FRS 102. See notes 8 and 9 for the debtor and creditor notes. - **1.10 Legal status of the charity** The Hillingdon Hospitals NHS Foundation Trust General Amenities Fund is a charity domiciled and registered in England and Wales. The registered office is The Hillingdon Hospitals NHS Foundation Trust, Pield Heath Road, Uxbridge, Middlesex, UB8 3NN. ## **2 Critical accounting estimates and areas of judgement** In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year. 15 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 |**Details of**|**3.1**||Unrestricted||Restricted|**2023/24**| |---|---|---|---|---|---|---| |**Other**|||Funds||Funds|**Total**| |**Material**||||||**Funds**| |**Income And**|||£000||£000|**£000**| |**Endowments**|Material income and endowments|||||| ||1|Donations|475||-|**475**| ||2|Other Trading income ( lottery)|1|||**1**| ||**Total donation income**|**Total donation income**|477||-|**477**| ||||Unrestricted||Restricted|2022/23| ||||Funds||Funds|Total| |||||||Funds| ||||£000||£000|£000| ||Material income and endowments|||||| ||1|Donations|281||-|281| |||||||| ||Total donation income||281||-|281| 16 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 |**Investment**|**3.2**||UnrestrictedRestricted|UnrestrictedRestricted|UnrestrictedRestricted|**2023/24**| |---|---|---|---|---|---|---| |**Income**||||Funds|Funds|**Total**| |||||||**Funds**| |||||£000|£000|**£000**| ||1|Dividends||12|-|**12**| ||**Total**|||||| ||**Investment Income**|||12|-|**12**| ||||UnrestrictedRestricted|||2022/23| |||||Funds|Funds|Total| |||||||Funds| |||||£000|£000|£000| ||1|Dividends||10|-|10| ||Total|||||| ||Investment Income|||10|-|10| 17 | P a g e ## THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 |**Expenditure**||||||| |---|---|---|---|---|---|---| |**Costs of**|**4.1**|||Unrestricted|Restricted|**2023/24**| |**Raising Funds:**||||Funds|Funds|**Total**| |**Fundraising Costs**||||||**Funds**| |||||£000|£000|**£000**| |||Fundraising costs||8|-|**8**| |||||8|-|**8**| |||||Unrestricted|Restricted|2022/23| |||||Funds|Funds|Total| |||||||Funds| |||||£000|£000|£000| |||Fundraising costs||7|-|7| |||||7|-|7| |||||||| |**Investment**|**4.2**|||Unrestricted|Restricted|**2023/24**| |**Management**||||Funds|Funds|**Total**| |**Costs**||||||**Funds**| |||||£000|£000|**£000**| |||Fees payable||8|-|**8**| |||||8|-|**8**| |||||Unrestricted|Restricted|2022/23| |||||Funds|Funds|Total| |||||||Funds| |||||£000|£000|£000| |||Fees payable||7|-|**7**| |||||7|-|**7**| |||||||| |**Charitable**|**4.3**||Unrestricted|Restricted|Support Cost|**2023/24**| |**Activities**|||Funds|Funds|Unrestricted|**Total**| ||||||Funds|**Funds**| ||||£000|£000|£000|**£000**| |||Patients welfare and amenities|264|138|80|**482**| |||Hillingdon Hospitals staff welfare|70||35|**106**| ||||335|138|115|**588**| The Charity’s policy only provides grant funding to Hillingdon and Mount Vernon Hospitals and not to any other individual or organisation. 18 | P a g e ## THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 |**Charitable**|**4.3**||Unrestricted|Restricted||Support Cost||2022/23|2022/23| |---|---|---|---|---|---|---|---|---|---| |**Activities (continued)**|||Funds|Funds||Unrestricted|||Total| |||||||Funds||Funds|| ||||£000|£000||£000|||£000| |||Patients welfare and amenities|60|80||79|||219| |||Hillingdon Hospitals staff welfare|9|||19|||29| ||||70|80||98|||248| |||The Charity’s policy only provides grant funding to Hillingdon and Mount Vernon Hospitals|The Charity’s policy only provides grant funding to Hillingdon and Mount Vernon Hospitals||||||| |||and not to any other individual or organisation.|||||||| |**Support costs**|**4.4**|||Unrestricted||Restricted||**2023/24**|| |||||Funds||Funds|||**Total**| |||||||||**Funds**|| |||||£000||£000|||**£000**| |||Staff costs (see note 5.2)||101||46|||**148**| |||Governance costs (see note 4.5)||14||7|||**22**| |||||115||53|||**170**| |||||Unrestricted||Restricted||2022/23|| |||||Funds||Funds|||Total| |||||||||Funds|| |||||£000||£000|||£000| |||Staff costs (see note 5.2)||86||40|||126| |||Governance costs (see note 4.5)||13||6|||19| |||||99||46|||146| 19 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 |**Governance**|**4.5**|||Unrestricted Restricted|Unrestricted Restricted|Unrestricted Restricted|Unrestricted Restricted|**2023/24**| |---|---|---|---|---|---|---|---|---| |**Costs**||||Funds|||Funds|**Total**| |||||||||**Funds**| |||||||||**£000**| |||Management charge||9|||7|**16**| |||Independent examination of the charity's annual accounts|Independent examination of the charity's annual accounts|4|||2|**6**| |||||14|||8|**22**| |||||Unrestricted Restricted|Unrestricted Restricted|Unrestricted Restricted|Unrestricted Restricted|2022/23| |||||Funds|||Funds|Total| |||||||||Funds| |||Management charge||10|||4|14| |||Independent examination of the charity's annual accounts|Independent examination of the charity's annual accounts|3|||2|5| |||||13|0
6|||19| |||||||||| |**Analysis of**|**5.1**||Costs of|Costs of|||Investment|**2023/24**| |**Total**|||Generating|Activities for|||Managers|**Total**| |**Resources**|||Funds|Charitable|||Cost|**Funds**| |**Expended**||||Activities||||| ||||£000|£000|||£000|**£000**| |||Examiners remuneration|-|4|||-|**4**| |||Charitable Objectives|8|584|||8|**600**| ||||8|588|||8|**604**| ||||Costs of|Costs of|||Investment|2022/23| ||||Generating|Activities for|||Managers|Total| ||||Funds|Charitable|||Cost|Funds| |||||Activities||||| ||||£000|£000|||£000|£000| |||Examiners remuneration|-|3|||-|3| |||Charitable Objectives|7|245|||7|259| ||||7|248|||7|262| **Analysis of 5.2 Staff** There were no staff employed directly by the Charity. A Management charge of £147,273 **Costs** (2022/23: £126,052) was made by The Hillingdon Hospitals NHS Foundation Trust to reflect the use of Trust resources on the activities of The Hillingdon Hospitals NHS Foundation Trust General Amenities Fund 20 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 |**Changes in**|**6**||Unrestricted|Restricted|Endowment|**2023/24**| |---|---|---|---|---|---|---| |**Resources**||||||| |**Available**|||Funds|Funds|Funds|**Funds**| |**for Charity**|||£000|£000|£000|**£000**| |**Use**||||||| |||Net movement in funds for the year|87|(138)|-|**(51)**| |||Net movement in funds available||||| |||for future activities|87|(138)|-|**(51)**| ||||Unrestricted|Restricted|Endowment|2022/23| |||||||Total| ||||Funds|Funds|Funds|Funds| ||||£000|£000|£000|£000| |||Net movement in funds for the year|64|(80)|-|(16)| |||Net movement in funds available||||| |||for future activities|64|(80)|-|(16)| 21 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 ||||||||**2024**|2023| |---|---|---|---|---|---|---|---|---| |**Analysis of**|**7.1**|Fixed Asset Investments:|||||**£000**|£000| |**Fixed Asset**||||||||| |**Investments**||Opening Market Value 1st April 2023|||||**737**|788| |||Less: Disposals at carrying value|||||**(259)**|(68)| |||Cash Movnt on Dealing and Deposits Account|||Cash Movnt on Dealing and Deposits Account||**(114)**|11| |||Add: Acquisitions at cost|||||**365**|49| |||Net gain/(loss) on revaluation|||||**65**|(44)| |||Closing Market value at 31 March 2024|||||**793**|**737**| |||||||||| |||Historic cost at 31 March 2024|||||**668**|687| |||||||||| ||**7.2**|Market value at 31 March 2024||Held|||**2024**|2023| |||||in UK|||**Total**|Total| |||||£000|||**£000**|£000| |||Investments listed on Stock Exchange||691|||691|**521**| |||Cash held as part of the Investment portfoli||102|||102|**216**| |||||793|||**793**|737| |||£691,633 of investments listed on the stock exchange are held in the UK (2023:£521,000).||£691,633 of investments listed on the stock exchange are held in the UK (2023:£521,000).|||£691,633 of investments listed on the stock exchange are held in the UK (2023:£521,000).|| |||£101,770 of cash held as part of the investment portfolio is held in the UK (2023: £216,000).||||||| |**Analysis of**|**7.3**|Total gross income||Held|||**2024**|2023| |**gross income**||||in UK|||**Total**|Total| |**from**||||£000|||**£000**|£000| |**investments**||||||||| |||Income from investment portfolio|||12||**12**|10| ||||||12||**12**|10| |||£12,311 of income from the investment portfolio is held in the UK (2023: £9,841).||||||| |**Analysis of**|**8**|Debtors|||||**2024**|2023| |**Current Assets**|||||||**Total**|Total| |||Amounts falling due within one year:|||||**£000**|£000| |||Other debtors|||||**6**|0| |||Total debtors falling due within one year|||||**6**|0| |||||||||| ||**8.1**||||||**2024**|2023| ||||||||**Total**|Total| ||||||||**£000**|£000| |||Cash at bank and in hand|||||**823**|372| ||||||||**823**|372| 22 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 |**Analysis of**|**9**||||||||**2024**||2023| |---|---|---|---|---|---|---|---|---|---|---|---| |**Creditors**|||||||||**Total**||Total| |||Amounts falling due within one year:|||||||**£000**||£000| |||Other creditors|||||||**(575)**||(12)| |||Total creditors falling due within one year|||||||**(575)**||(12)| ||||||||||||| |**Analysis of**|**10.1**||||||||||| |**Funds**|||||||||||| |||There are no Endowment Funds.|||||||||| ||**10.2**|||**Balance**|||Income|Expenditure|||Balance| ||||**31 March**||||||||31 March| |||||**2024**|||||||2023| |||||**£000**|||£000||£000||£000| |||**Material Restricted funds**|||||||||| |||A Donaldson Bequest||**(0)**|||-||-||(0)| |||B Rheumatology Nurse Fund||**0**|||-||-||0| |||c Rehabilitation Unit||**151**|||-||(138)||289| |||Total||**151**|||-||(138)||289| |||||Balance|||Income|Expenditure|||Balance| ||||31 March||||||||31 March| |||||2023|||||||2022| ||||~~r~~|**£000**|~~r~~||£000|~~r~~|£000|~~r~~|£000| |||**Material Restricted funds**|||||||||| |||A Donaldson Bequest||**(0)**|||-||(3)||3| |||B Rheumatology Nurse Fund||**0**|||-||(17)||17| |||c Rehabilitation Unit||**289**|||-||(60)||349| |||Total||**289**|||-||(80)||369| **Details of 10.3** _Name of fund_ **Material** A **Funds** B A Donaldson Bequest B Rheumatology Nurse Fund C Rehabilitation Unit ## _Description of the nature and purpose of each fund_ radiological equipment for the investigation and diagnosis of cancer funding an additional Rheumatology Nurse for 1 year to enhance services Potential for building a new Rehab unit at Mount vernon 23 | P a g e THE HILLINGDON HOSPITALS NHS FOUNDATION TRUST GENERAL AMENITIES FUND, No. 1056493 **Trustee and 11 Connected Persons Transactions** There are no Trustee and connected person transactions (except the charge for management and support costs from the Foundation Trust to the Charity disclosed in note 4.3 and 4.4). The Trustee of the Charity is the Board of Directors of The Hillingdon Hospitals NHS Foundation Trust to which the Charity's activities are directed. The Trustees did not receive any remuneration or reimbursement of expenses from the Charity. (Remuneration or reimbursement of expenses 2023/24:nil) **Connected 12** 2023/24 2022/23 **Organisations** Name, nature of connection, Turnover of Net Surplus/ Turnover of Net Surplus/ description of activities undertaken Connected (Deficit) for the Connected (Deficit) for the and details of any qualifications Organisation Connected Organisation Connected expressed by their auditors Organisation Organisation £000 £000 £000 £000 The Hillingdon Hospitals NHS (378,828) (1,567) (358,555) (1,947) Foundation Trust (Corporate Trustee of the Charity) sole beneficiary of the of the Charity. ~~cit~~ **Taxation 13** Corporation Tax The Hillingdon Hospitals NHS Foundation Trust General Amenities Fund is a registered charity and as such its income and gains falling within Section 521 to 536 of the Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992 are exempt from corporation tax to the extent that they are applied to its charitable objectives. 24 | P a g e