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← Walsall Healthcare NHS Trust General Charitable Fund

2025-03-31-accounts

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND

CHARITY NUMBER 1057416 (Registered in England & Wales)

TRUSTEES ANNUAL REPORT 2024/2025

Principal Address MANOR HOSPITAL MOAT ROAD WALSALL WEST MIDLANDS WS2 9PS

Bankers Independent Examiners NATIONAL WESTMINSTER BANK Grant Thornton UK LLP PLC 4[th] Floor 33 Park Street Victoria House Walsall 199 Avebury Boulevard West Midlands Milton Keynes WS1 1ER MK9 1AU

Investment Managers BREWIN DOLPHIN LIMITED 9 Colmore Row Birmingham B3 2BJ

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

The Walsall Healthcare NHS Trust General Charitable Fund is governed by a model declaration of trust for a NHS charity. The objectives of the charity are for any charitable purpose or purposes relating to the National Health Service wholly or mainly for the service provided by the Walsall Healthcare NHS Trust.

The charity is registered with the Charity Commission who have declared that, under the provisions of section 96 of the Charities Act 2011, the charity and the following charities shall be treated as a single charity for the purposes of Sections 3 and 4 (Registration) of the Charities Act 2011 and for the purposes of Part IV of that Act (Accounting):

  1. Corporate including General and Educational Fund 2. Specialist Palliative Care Fund

The annual accounts comply with the current statutory requirements as notified by the Charity Commissioners and they are in line with the requirements detailed in the Charities Governing Document and the Statement of Recommended Practice (SORP) Financial Reporting Standard (FRS) 102 effective from the 1[st] January 2019.

TRUSTEE

The Walsall Healthcare NHS Trust Board as the Corporate Trustee of the Charitable Funds is governed by the law applicable to Trusts, principally the Trustee Act 2000 and also the law applicable to Charities which is governed by the Charities Act 2011.

As Corporate Trustee, the Trust Board is responsible for the overall management of Charitable Funds.

The Trust Board has devolved responsibility for the on-going management of the funds to the Charitable Funds Committee; the Committee membership comprised:

Mr M Levermore Non-Executive Director (Chair)
Mr P Assinder Non-Executive Director
Mr K Stringer Group Director of Finance and Deputy Chief Executive
Mrs F Frizzell Non-Executive Director
Mrs S Evans Group Director of Communications
Mr D Mortiboys Operational Director of Finance

Members are appointed to the Charitable Funds Committee by election of the presiding Trust Board members.

The Charitable Funds Committee review financial performance of the investment portfolio, monitor and approve expenditure and the balances held on funds, to ensure the objectives of the Charity are satisfied and ultimately that of the general public.

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Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

All new trustees are required to follow an induction programme approved by the Board and they, as well as existing board members, can access external training courses, seminars and workshops.

Reserves Policy

The trustees have established a reserves policy as part of their plans to provide long term support to the Trust for research, education, new equipment, staff and patient benefits and building work.

The trustees intend that funds are spent within a reasonable period of receipt and therefore plan to maintain reserves sufficient to cover future expenditure equivalent to an average of 6 months. The trustees have previously set a contingency reserve total of £500,000 that is periodically reviewed and revised accordingly in relation to the levels of committed expenditure. At 31 March 2025, the funds totalled £1,460,000 (2024: £1,630,000).

Income & Expenditure

During the year the Charity had investment gains totalling £1,000 in the 2024/25 financial year. The net total of donations, ticket sales and income from investments was £315,000 (excluding revaluation and disposal of investments) with total expenditure at £486,000. 2023/24 donation of £588,000 and expenditure of £417,000.

Donations are received from a wide variety of sources, including bequests, with many of these received as a way of expressing gratitude for the care provided to individuals or their relatives.

The charity has benefited from a substantial legacy donation being £44k, donation allocated against the Cardiology Funds.

The charity ensures that donations received are used in accordance with the wishes of the donor i.e. to purchase medical equipment, provide amenities to patients and staff, and finance limited education and medical research.

Investments are not made in industries whose aims and objectives are contrary to those of the NHS, e.g. Tobacco Industries and Breweries.

There is an expectation of an upturn in the valuation of the funds as the economic position improves. The Charity is continuing to expand its network and has received legacy donation during 2024/25 together with other donations to further sustain the viability of the Charity.

All donations will be gratefully received and will be used to enhance services over and above that provided by the NHS for both patients and staff.

They should be sent to:

The General Office Walsall Healthcare NHS Trust Manor Hospital Moat Road Walsall WS2 9PS

2

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

Donations will be paid into the Walsall Healthcare NHS Trust General Charitable account which is the bank account for the charity.

The following is an extract of the accounts and has been compiled to assist readers in understanding the Charity's financial affairs.

Public Benefit

The Walsall Healthcare General Charitable Fund meets the definition of a public benefit entity under FRS 102.

Investment Policy

The Walsall Healthcare General Charitable Fund investments are managed by Brewin Dolphin and are restricted to ethical investments only (e.g. excludes Tobacco, Pornography, breweries etc.) with the objective of delivering Income and Capital Growth, focused on long term investments (10 years).

Risk Management

Risk around investment is managed at a Risk level 6 – A greater proportion of investment is held in equities with the aim of achieving a higher investment return over the long-term. With the portfolio split two thirds of the assets invested in equities whilst the remainder will be split between cash, fixed income and alternatives.

3

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST

GENERAL CHARITABLE TRUST ACCOUNT 2024/2025

Statement of trustees' responsibilities

The trustees are responsible for:

The trustees are required under the Charities Act 2011 to prepare accounts for each financial year. The Secretary of State, with the approval of the Treasury, directs that these accounts give a true and fair view of the financial position of the funds held on trust, in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Standards and applicable law), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

In preparing those accounts, the trustees are required to:

The trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing the accounts. The financial statements set out in the next section have been compiled from and are in accordance with the financial records maintained by the trustees.

4

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

By Order of the Trustees Signed:

Chair

Martin Levermore

30.01.26

Trustee

5

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence Commercial in Confidence

Independent examiner's report to the trustees of Walsall Healthcare NHS Trust General Charitable Fund

I report to the trustees on my examination of the accounts of Walsall Healthcare NHS Trust General Charitable Fund (the ‘Charity’) for the year ended 31 March 2025.

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 as carried out under section 145 of the Act. 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

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matter has come to my attention in connection with the examination which gives me reasonable cause to believe that in any material respect:

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.

Our report is made solely to the Charity’s trustees, as a body, in accordance with section 154 of the Charities Act 2011. Our work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s trustees as a body, for our work or for the independent examiner’s report, or for the opinions we have formed.

Christopher Bagnall FCA

The Institute of Chartered Accountants in England and Wales

Grant Thornton UK LLP

Chartered Accountants

Milton Keynes

Date: 30/1/2026

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Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

Statement of Financial Activities for the year ended 31 March 2025

Notes
Income from:
Donations and legacies
2.3
Investment income
7.3
Other
2.1
Total
Expenditure on:
Raising funds
4.1
Investment management
4.1
Charitable activities
4.2
Total
Net (expenditure)/income
Transfer between funds
Other recognised gains:
Gains on revaluation and disposal of investment assets
Net movement in funds
5
Reconciliation of funds:
Fund balances brought forward at 31 March 2024
Total fund balances carried forward at 31 March 2025		 Unrestricted
Funds
£000
173
22
9
204
85
3
109
197
7
0
1
8
923		 Unrestricted
Funds
£000
173
22
9
204
85
3
109
197
7
0
1
8
923		 2024-25
Restricted
Funds
£000
99
11
1
111
0
4
285
289
(178)
0
0
(178)
707		 2024-25
Restricted
Funds
£000
99
11
1
111
0
4
285
289
(178)
0
0
(178)
707		 Total
Funds
£000
272
33
10
315
85
7
394
486
(171)
0
1
(170)
1,630		 2
Unrestricted
Funds
£000
358
16
14
388
33
7
115
155
233
23
35
291
632		 2
Unrestricted
Funds
£000
358
16
14
388
33
7
115
155
233
23
35
291
632		 023-24 (Restated)
Restricted
Total
Funds
Funds
£000
£000
187
545
13
29
0
14
200
588
35
68
0
7
227
342
262
417
(62)
171
(23)
0
28
63
(57)
234
764
1,396
707
1,630
931 529 1,460 923 707

All activities relate to continuing operations.

2023-24 Restated for Raising funds and Investment management costs have been split to better reflect these costs by category in accordance with the SORP The notes on pages 10 to 16 form part of these accounts.

7

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

Balance Sheet as at 31 March 2025

Fixed assets: Notes Total at
31 March 2025
£000		 Total at
31 March 2024
£000
Investments 7.1 738 747
Total fixed assets 738 747
Current assets:
Debtors 8 5 7
Investments 7.2 10 7
Cash at bank and in hand 818 917
Total current assets 833 931
Liabilities:
Creditors: Amounts falling due
within one year 9 (111) (48)
Net current assets 722 883
Total assets less current liabilities 1,460 1,630
Total net assets 1,460 1,630
The funds of the charity:
Restricted income funds 10 529 707
Unrestricted funds 10.1 931 923
Total charity funds 1,460 1,630

The notes on pages 10 to 16 form part of these accounts.

Signed:

Date: 30.1.26

8

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

Statement of Cash Flows

Statement of Cash Flows
(Restated)
Total at Total at
31 March 2025 31 March 2024
£000 £000
Cash flows from operating activities
Operating (Deficit)/Surplus (171) 171
Non cash Income and expenses
Decrease in debtors 2 4
Decrease in creditors 63 7
Decrease in investments (3) 35
Net cash generated from operations (109) 217
Cash flows from investing activities
Purchases/sale in financial assets / investments (64) (364)
Gains on disposal of investment assets 74 336
Net cash generated used in investing activities 10 (28)
(Decrease)/Increase in cash and cash equivalents (99) 189
Cash and cash equivalents at start of period 917 728
Cash and cash equivalents at end of period 818 917
Cash balance per Balance Sheet 818 917

The cash flow statement has been restated to correctly reflect the additions and disposals of investments in the prior year.

The notes on pages 10 to 16 form part of these accounts. Signed:

Date: 30.1.26

9

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

NOTES TO THE ACCOUNTS

1. Accounting Policies

1.1 Accounting Convention

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Basis of preparation

The financial statements have been prepared in accordance with 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 (FRS102) - (Charities SORP (FRS102)), Section 1A of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

b) Preparation of the accounts on a going concern basis

These accounts have been prepared on a going concern basis. The trustees have been regularly updated on the financial activities of the charity during the financial year and are not aware of any material uncertainties that will affect the charity continuing in operational existence for the foreseeable future, which is considered to be at least 12 months from the date of approval of these financial statements. For this reason the trustees continue to adopt the going concern basis in preparing the accounts.

The net assets of the Charity at the time of reporting are more than sufficient to cover the average of 6 months spend. The valuation of the funds are subject to market fluctuations, this is managed through alternative investment purchases to reduce the risk.

1.2

Income Recognition

ii. Probable - when there is a reasonable certainty that the incoming resources will be received: and

iii. Measurement - when the monetary value of the income and related transaction costs can be measured with sufficient reliability.

b. Gifts in kind:

ii. Assets given for use by the funds (e.g. property for its own occupation) are included in the Statement of Financial Activities as incoming resources when receivable.

iii. Gifts made in kind but on trust for conversion into cash and subsequent application by the funds are included in the accounting period in which the gift is sold.

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

c. Intangible income

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

d. Legacies

Legacies are accounted for as incoming resources once the receipt of the legacy becomes probable. This will be once confirmation has been received from the representatives of the estate that payment of the legacy will be made or property transferred and once all conditions attached to the legacy have been fulfilled.

1.3 Expenditure

The funds held on trust accounts are accounted for in accordance with the accruals concept. All expenditure and the related liability is recognised once there is a legal or constructive obligation to make a payment to a third party.

The cost of raising funds are the costs associated with generating income for the funds held on trust.

b. Charitable activities

Grants payable are payments, made to third parties (including NHS bodies) in the furtherance of the funds held on trust's charitable objectives 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.

These are accounted for on an accruals basis and are recharges of appropriate proportions of the costs from Walsall Healthcare NHS Trust.

10

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

1.4 Structure of funds

Where there is a legal restriction on the purpose to which a fund may be used, 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 designated funds. The major funds held within these categories are disclosed in note 10.1

1.5 Fixed Asset Investments

Fixed asset investments are shown at market value.

1.6 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).

1.7 Pensions Contributions

The charity does not directly employ individuals, however the costs of the fundraiser have been recharged and therefore pension contributions are indirectly paid by way of this salary recharge.

1.8

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.

11

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

2.1 Details of Other income

During the financial year £8,658 was received in relation to the event ticket sales, sponsorships and lottery receipts which was the initiative of Well Wishers (associated trading name of Walsall Healthcare NHS Trust General Charitable Fund). A further £839 was received for restricted funds.

2.2 Material Grants received by category

The third and forth instalment grant was received by way of a successful grant awarded to Walsall Healthcare NHS Trust General Charitable Fund (Well Wishers) on 31 May 2024 and 30 September 2024. The grant will support enhancing the well-being of NHS Staff, volunteers and patients impacted by COVID-19, as part of the Trust’s or Health Board’s COVID-19 response.

2.3 Details of Donations and Legacies

Unrestricted Restricted Total
Funds Funds 2025
Funds
£000 £000 £000
Donations 129 55 184
Legacies 44 44
Grants 44 44
173 99 272

3.1 Details of resources expended - grants There were no material grants paid during the year.

3.2 Grants made to institutions No grants were made to institutions during the year.

3.3 Grants paid to individuals No grants were paid to individuals during the year.

4.1 Analysis of Raising Funds Costs

Total
Unrestricted Restricted Total Total
Funds Funds 2025 2024
Funds Funds
£000 £000 £000 £000
Fundraising costs 85 0 85 68
Investment managers fee 3 4 7 7
88 4 92 75

The Charity does not directly employ staff. Included in the above Fundraising costs is a recharge of fundraising salary costs totalling £77,669.

4.2 Details of Expenditure - Charitable Activities

Unrestricted Restricted Total Total
Funds Funds 2025 2024
Funds Funds
£000 £000 £000 £000
Patients welfare and amenities 74 214 288 162
Staff welfare and amenities 9 63 72 149
Miscellaneous 8 1 9 12
91 278 369 323

Analysis of Support & Governance Costs included within Charitable Activities

Unrestricted Restricted Total Total
Funds Funds 2025 2024
Funds Funds
£000 £000 £000 £000
Finance Administration 15 6 21 15
Finance Administration Software 0 0 0 1
Independent Examiner Fee 3 1 4 3
18 7 25 19

Charitable Activities Per SOFA

Unrestricted Restricted Total Total
Funds Funds 2025 2024
Funds Funds
£000 £000 £000 £000
109 285 394 342
Net movement in funds Unrestricted
Restricted
Total
Funds
Funds
2025
Funds
£000
£000
£000
8
(178)
(170)

5 Changes in Resources Available for Charity Use

12

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

6 Fixed Assets The charity does not hold any tangible fixed assets.

7 Analysis of Fixed Investment Assets

7.1
Fixed Asset Investments
Market value at 31 March 2024
Less: Disposals at carrying value
Add: Acquisitions at cost
Net gain on revaluation
Market value at 31 March 2025
Historic cost at 31 March 2025
Market Value at 31 March 2025
Fixed Interest
UK Equities & Funds
Overseas Equities and Funds
Other Investments		 Total
2025
£000
747
(74)
64
1
738
746		 Total
2024
£000
656
(336)
364
63
747
762
31 March 2025
£000
74
104
452
108
738		 31 March 2024
£000
53
110
494
89
747

At 31 March 2025 the majority of the holdings were valued below 5% of the total value of the investment portfolio.

Investment MARKET
VALUE
£9,120
£14,255
£14,443
£9,450
£8,748
£9,635
£9,019
£16,606
£16,915
£17,416
£25,241
£7,137
£13,502
£14,162
£8,680
£5,086
£20,603
£8,290
£18,555
£11,312
£10,092
£12,480
£9,754
£7,914
£48,444
£16,851
£4,914
£21,295
£24,959
£9,003
£14,265
£21,419
£23,470
£12,795
£23,754
£9,348
£10,131
£18,314
£11,517
£19,580
£6,590
£12,936
£10,130
£12,953
£8,362
£6,553
£11,130
£21,658
£10,695
£16,949
£13,588
£6,725
£11,130
£737,873		 %
ADMIRAL GROUP ORD
ALPHABET INC CAPITAL STOCK
AMAZON COM INC COM
AMPHENOL CORP CLASS'A'COM USD
ASHTEAD GROUP ORD
ASML HOLDING NV
ASSA ABLOY
BAILLIE GIFFORD OSEAS GTH
BERKSHIRE HATHAWAY INC COM
BLACKROCK FUND MANAGERS LTD
BNY MELLON INVESTMENT FUNDS
BOOKING HOLDINGS INC COM
BP ORD
BROWN ADVISORY FUNDS PLC
COPART INC COM USD
CRODA INTERNATIONAL ORD
DODGE & COX WORLDWIDE
FASTENAL COM STK USD
FIDELITY UCITS ICAV US
HALEON PLC ORD
IFSL INVESTMENT FUNDS
INSTITUTIONAL CASH SERIES
INTERCONTINENTAL EXCHANGE INC COM
INTERNATIONAL PUBLIC PARTNERSHIP
ISHARES CORE S&P 500 UCITS
ISHARES PHYSICAL METALS PLC
JPMORGAN FUNDS LTD JPM
JUPITER UNIT TRUST MANAGERS LTD (GLOBAL)
JUPITER UNIT TRUST MANAGERS LTD (JAPAN)
LEGAL & GENERAL GROUP ORD
LINK FUND SOLUTIONS LTD
MAN FIXED INTEREST ICVC
MI SELECT MANAGERS BOND
MICROSOFT CORP COM USD
MORGAN SITANLEY INVESTMENT FDS
NATIONAL GRID ORD
NEUBERGER BERMAN INVESTMENT FDS
NINETY ONE FUNDS SERIES
OCTOPUS RENEWABLES INFRA
PREMIER MITON INVESTMENT FUNDS
RBC SEMICONDUCTOR VALUE CHAIN
RELX PLC ORD
SCHRODER INVESTMENT FUNDS
SCHRODER UNIT TRUSTS
STRYKER CORP COM STK
THERMO FISHER SCIENTIFIC INC
TROJAN INVESTMENT FUNDS
TWENTYFOUR INVESTMENT FUNDS
UNILEVER PLC ORD
UNITED KINGDOM(GOVERNMENT OF) 4.25% GILT BDS
UNITED KINGDOM(GOVERNMENT OF) 4.5% GILT BDS
VANGUARD INVESTMENT SERIES PLC
VISA INC COM STK		 1.24%
1.93%
1.96%
1.28%
1.19%
1.31%
1.22%
2.25%
2.29%
2.36%
3.42%
0.97%
1.83%
1.92%
1.18%
0.69%
2.79%
1.12%
2.51%
1.53%
1.37%
1.69%
1.32%
1.07%
6.57%
2.28%
0.67%
2.89%
3.38%
1.22%
1.93%
2.90%
3.18%
1.73%
3.22%
1.27%
1.37%
2.48%
1.56%
2.65%
0.89%
1.75%
1.37%
1.76%
1.13%
0.89%
1.51%
2.94%
1.45%
2.30%
1.84%
0.91%
1.51%
Total 100.00%

7.2 Current asset investments

7.3

Current asset investments
Cash held as part of investment portfolio
Total investment income
Investments listed on Stock Exchange		 Held
in UK
£000
10
10		 Held
outside UK
£000
0
0		 2024-25
Total
£000
10
10		 2023-24
Total
£000
7
7
Held
in UK
£000
33
33		 Held
outside UK
£000
0
0		 2024-25
Total
£000
33
33		 2023-24
Total
£000
29
29

13

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

10.1 Details of Material Funds - Designated Funds

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

8 Analysis of Debtors

Analysis of Debtors
Accrued income
Analysis of Creditors
Trade creditors
Accruals		 31 March 2025
£000
5
31 March 2025
£000
83
28
111

9 Analysis of Creditors

10 Details of Restricted Funds

As at 31 March 2025 the restricted funds balances detailed in the table below totalled £529,000.

Restricted Fund Description
League Of Friends
Heart Failure Service - Closed Trf to 2011 Cardio
Boxing Match
Coronavirus Donations
Nhs Charities
Fun Run
London Marathon
Medical Equipment
Heartstart
Theatres Ent
Ward 11
Wrighton - Orthopaedic Dept
Urology Fund
Neo-Natal Unit(Scbu)
Specialist Palliative Care
Climb Snowdon
Fundraising 2018 Stroke Rehab
Trust's Got Talent Fundraising
Wren Appeal
Childrens Ward Appeal
Total		 Balance
Donations &
Expenditure
Gains/losses
Balance
B/fwd as at
Investment
C/fwd as at
1 April
Income
31 March 2025
2024
£000
£000
£000
£000
£000
100
3
0
0
103
23
0
0
0
23
11
1
0
0
12
34
1
(6)
0
29
110
47
(54)
0
103
1
0
0
0
1
5
0
0
0
5
136
2
(125)
0
13
12
0
0
0
12
4
0
0
0
4
2
0
0
0
2
8
0
0
0
8
3
0
0
0
3
2
0
0
0
2
189
54
(51)
0
192
2
0
0
0
2
62
1
(53)
0
10
1
0
0
0
1
2
0
0
0
2
0
2
0
0
2
707
111
(289)
0
529

There are a number of restrictions on the above fund usually for the nature of spend and/or area of spend, key funds are League of Friends (restricted for specific equipment purchases), NHS Charities (Specific Grant Funding) and Specialist Palliative Care (End of Life use only).

Name of fund

Corporate including General and Education Funds

Description of the nature and purpose of each fund

} For any charitable purpose } relating to the National Health } Service wholly or mainly for the } benefit of the named } specialty/activity of the Walsall Healthcare NHS Trust.

14

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

12 Commitments, Liabilities and Provisions

Commitments

Commitments
The Trust has the following commitments:
Commitments outstanding at the beginning of the year
Commitments in year
Amount charged to the SOFA in year
Amounts released during the year due to a change in the value of the commitment
Amount of commitments outstanding at the end of the year
Amount payable within one year
Amount payable in more than one year		 2025
£000
148
172
(176)
-
144
144

The value of commitments at the end of the year are not included within the balance sheet and reflect the Charity's intention to purchase equipment in the forthcoming year.

12.1 Liabilities and Provisions

The trustees recognise liabilities in the accounts once they have incurred either a legal or constructive obligation to expend funds. The trustees do not consider there to be any provisions which need to be included in these accounts.

13 Trustee and Connected Persons Transactions

No expenditure has been incurred in respect of trustees or connected persons during the year. Trustee indemnity insurance cover and insurance premium cost is £nil.

14 Loans or Guarantees

The Charity does not hold any assets against which a loan or guarantee has been secured.

15 Related Party

During the year none of the trustees or members of the key management staff or parties related to them has undertaken any material transactions with the Walsall Healthcare NHS Trust General Charitable Fund. However, the charity has made revenue and capital payments to Walsall Healthcare NHS Trust.

Walsall Healthcare NHS Trust is a related party of Walsall Healthcare NHS Trust General Charitable Fund. Approximately 74% of the expenditure transactions processed within the year benefitted the patients and staff of the hospital. Transactionally payments are made via Walsall Healthcare NHS Trust and reimbursed by the Charity.

15

Docusign Envelope ID: 6A283FD2-DA1F-4A4C-82B2-309E59452318

Commercial in Confidence

WALSALL HEALTHCARE NHS TRUST GENERAL CHARITABLE FUND - 2024/25

16 Net Assets by Fund

Investments
Current assets
Creditors: Amounts falling due		 2024/25
2023/24
Restricted
Unrestricted
Restricted
Unrestricted
income funds
funds
Total
income funds
funds
Total
£000s
£000s
£000s
£000s
£000s
£000s
738
738
747
747
529
304
833
707
224
931
(111)
(111)
(48)
(48)
529
931
1,460
707
923
1,630

16