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← North Tees And Hartlepool NHS Foundation Trust General Charitable Fund

2025-03-31-accounts

Trust name: North Tees and Hartlepool NHS Foundatlon Trust Goneral Charltable Fund Annual Report and Accounts for the year ended 31 March 2025 Charity Reglstratlon Number: 1057682 The annual accounts were approved by thg Board of Dlrectors on I D T>EcsM 2015 and slgned on Ils bahalf by: Derek Bell, Group Chalrman Chrls Hand, Group Chlef Flnance Officer

Trust88's Annual Raport Tha North Tees and Hartlepool NHS Foundatlon Trust General Charitable Fund, règlslered Charity Numb8r 1057682, was enl6red on the Central Reglsler of Charilles on 1 st May 1996. The Charlty was establlshed to admlnlsler charltable funds recelved from donallons and bequests. Charitable Funds recelved by the Charlty are accepted and admlnlsler8d as funds and propety held on trust for purpos6s relallng lo the health servlce In aGcordanc6 wllh the Nallonal Health Servlce Act 1977 and the Natlonal Health Servlce and Communlly Care Act 1990 and these funds are held on trust by the corporate body. The Charitabla Fund Is reglslered wllh the Charfty Commlsslon (Charlty Number 1057682) In accordance wllh the Charities Act 2011. The Charlty has a Corporat8 Trustee, th8 North Tees and Hartlepool NHS Foundatlon Trust, wllh the members of th8 Board of Dlrectors r8sponslble for Ils governanc8 as per the law 8pplicable lo Trusts, principally the Trustee Act 2000 8nd the Charllles Act 2011, Members of the Board of Dlreclors ar8 nol Indlvldual Trustees under Charlly Law bul act as agents on behalf of the Corporala Tru81ee. Members of tho Corporat8 Trustee Tha Corporate Trustee Is North Tees & Hartlepool NHS Foundallon Trust. Page 1

Trustee's Annual Report (contlnued) Thls Annual Report has been prepared by the Corporate Trustee. Actlng for the Corporate Trustee, North Tees and Hartlepool NHS Foundatlon Trust General Charitable Fund Board has, under the Trust's Scheme of Delegallon, appolnted Chrls Hand Group Chlef Flnanc8 Officer to be responsible for implementing suitable procedures, to ensure that Iha relevant legislallon and directives are Implgmenled and that tha expenditure from Charitable Funds Is appropriate for the purpose, How to contact us Prlnclpal Offlce The princip81 office for the Charlty Is: Chrls Hand Group Chlef Flnance Officer North Tees and Hartlepool NHS Foundatlon Trust Unlversity Hospital of North Tees Hardwlck Road Stockton on Tees TS19 8PE Tel Sharon Pounder 01642 624274 For fundralslng querles please contact: Fundra181ng Co-ordlnator North Tees and Hartlepool NHS Foundallon Trust Unlverslty Hospllal of North Tees Hardwlck Road Slocklon on Tee8 TS19 8PE Tel Suzl Campball 01642 383571 The prof8sslonal advlsers of the Corporate Trustee are: Bankers Investment Manager CCL4 for Charltles Senator House 85 Queen Vlctorla Street London EC4V 4ET Legal Advl8or8 DAC 8eachcroft LLP 36 Gallowgate Newcastle Upon Tyne NE14TD Lloyds Bank 27 Hlgh Street Stockton on Tees TS18 1SG Internal Audltors External Audltors Audlt One Blzhub Belasls Hall Technology Park Coxwold Way Billingham stockton on Tees TS23 4EA Robson Laldler Accounl8nls Llmited Mains House 143 Front Street Chester le Str88t DH3 3AU Page 2

Trustee's Annual Raport (contlnued) The aim of the Charlty is to improve patient care for the local population served by the Foundation Trust; Provid8 addltlonal resources to fund over and above those that are normally funded by the NHS Foundation Trust,. Purchase equipment, improve facllilles in whlch patients are treated & fund staff training to enhance modern techniques in their speclally, Structure, Governance and Management The Deeds of the Charlty oulllnlng Ils structure are held by Chrls Hand the Group Chlef Flnance Officer of North Tees & Hartlepool NHS Foundation Trusv the Corporate Trustee. The Charity was formed by dlrectlon of the Charlty Commlsslon by vlrtue of the provlslons of Section 98 of the Charilles Act 2011. In 1999 two charltles, tha North Tees Health NHS Trust Charltable Fund and the Hartlepool and East Durham NHS Trust Charllable Fund, merged lo form the North Tees and Hartlepool NHS Foundallon Trust General Charitable Fund. A Charllable Funds Commlttee w8s establlshed In 2009, The membershlp comprl$g8 the Chalrman, Managlng Dlreclor, Chlef Flnance Offlcer and two Non-axecutlve Dlrectors. The Commlttee meets twlce a year. The recrultrnanl process for appolnllng the members of the Board who seN8 as agents for the Corporate Trustee follows Trust proceduras. The Charity unreslrlcled fund was eslabllshed uslng the model declaratlon of trust and all funds held as al the dale of reglslratlon were ellher part of Ihls unreslrlcted fund or reglstered 83 separate restrlcted funds under the maln Charlty. The Corporate Trustee fulflls Ils legal duty by ensurlng that funds are spent In accordance wllh th8 oblecllves of each fund by deslgnallng funds, the Corporate Trustee respects the wlshes of the donor, lo benefll patlent care and Improve the health and welfare of pallents and staff. The Charllable Funds avallable for spendlng are allocated to speclalllles wlthln the NHS Foundatlon Trust's managernent structur8 accordlng to the donorfs wlshes. Each fund Is managed by a member(s) of staff (th8 Fund Manager) and overseen by the General Manager of the Speclallty. Where funds have been received whlch have spaclflc rastrlcllons set by the donor, a reslrlctad fund Is establlshed. At 31 March 2025 there were 62 (2024.. 62) such funds, The Charlty has one unreslrlcted fund, the General Purposes Fund. The Corporata Trustee ol the North Tees and Hartlepool NHS Foundallon Trust General Charllable Fund delegates responsffiblllty for the operatlonal runnlng of the Charltabl8 Funds to Chrls Hand tha Group Chlef Flnance Offlcer who Is requlred to: Malnlaln such accounts and records, as necessary, to record and protect all funds In Irust., Control, manage and monltor the use of the fund resourGe8,' Provide support and advlce for all of118 incom8 raising acllvllles; Ensure that best practlca Is followed In the conduct of Ils affalrs fulfilllng all of Its legal responsibllilies; Ensure that th8 approved Investment pollcy Is adhered to and that performance Is conllnually reviewed: and Keep the Board of Dlrectors fully Informed on the performance, acllvlty and rlsks of the Charlty. Page 3

Trustee's Annual Report (contlnued) The Irainlng needs of the members of the 8oard who serve as agents for th8 Corporate Trustee ar8 assessed on an ongolng basls and all training complles wlth the pollcles of th8 Foundation Trust. The accounting records and day lo day administration of the funds are dealt with by the Flnance Department of the North Tees and Hartlepool NHS Foundallon Trust, located at the Unlversity Hospital of North Tees, Hardwlck, Stockton on Tees. The Charltable fund has NHS Foundatlon Trust wlde objectlves as follows.. The Corporate Trustee shall hold the Charltable Fund upon trust to apply the Income, and at Ils, or It8 agent's dlscretlon. so far as may be permlsslble, the capltal, for any charllable purpose or purposes relatlng lo the Nallonal Health SeNlce. The Charlty wlll contlnue to further Improve the provlslon of hlgh quallty patlent care throughout the Trust focusing on areas not covered or fully supported by central NHS Foundatlon Trust funds. The future plans for the Charity are dependent on the future dlrectlon of th8 NHS and the strateglc plan of the Trust, R18k Management The major rlsks to whlch the Charlty Is exposed have been Id8nllfied and systems put In place to mlllgate them. The major extern81 rlsk to whlch the Charlty Is exposed Is a Sudden fall In the valua of the Investment portfollo. However, th8 Corporate Trustee Invests over the longer term lo ensure that the greatesl returns are achleved. Hlslory has shown that over sny 10 year perlod In the last cenlury, Investment In a wlde range of equlty based investments wlll add greater value when compared to a flxed Interest based portfollo. The Corporate Trustee has re-appolnted professlonal lund managers, CCLA for Charllles. to manage the Charlty Investments from 1st Aprll 2023. There are procedures In place to revlew the Investment pollcy and monltor Ils performance. To mlllgate exposure to rlsk In thls area. the Charlvs Investment Managers, CCLA for Chartlles, have adopted an Investment pollcy that spreads the rlsk over a wide range of Investments. The Charity is audlled by the North Tees and Hartlepool NHS Foundatlon Trust's Internal audltors, Audit One who revlew and test systems, and the Trust's external Independent auditors, Robson Laldler Accountants, who Independently audit the Charivs Annual Flnanclal Slalements and Report. Page 4

Trustéè's Annual Report {contlnuedl Annual Rovlew Dudng the year, the Charitable Fund conllnued lo support a wld8 rang8 of Charllable and health relal8d a¢livlUe$ benefillng both pauenls and Staff. In general, Ihey are used lo provlde goods and servlces lo Improve pallenl care and staff welfare that th8 NHS Foundallon Trust Ss unabla lo provlde. Ward funds recelve many donallons from gralefLtI pg11onts and Ihelr famllles and Ihls enables wards lo improve the envlronm6nl In whlch pallenls are Irealed. The$8 donallons enable all types of staff lo attend COUIS05 and conferences whlch ar6 not able lo be funded by the NHS Foundallon Trust, and wlll update them on now Idoas and modern lechnlques In Ihelr speclallty. Many donallons are sp8cifically glven lo thank the staff on Ihe wards and those are used for charltsble acllvltles that wlll benelll staff. The NHS Foundallon Tru81'8 General Purpose Fund rg¢elve$ donallons that can be used for any charllable purpose relallng lo th8 NHS. N811 Alklnson th8 Group M8naglng Dlreclor of Iha North Tees and Hartlgpool NHS Foundallon Trust has Ihe authodty lo approve and support appllcallons for fundlng from areas wilhln the NHS Foundallon Trust whlch do not hava sufflclenl r8sllcled ward funds themselves on condlllon Ihay mo81 the oblecUvo5 8nd fundlng ellglblllty Crtloila of Ihg Charlty. Desp518 th6 co81 of Ilvlng crlsls and donors havlng less dS8posable Income tha local communlty hav8 been extramely ganerous wllh fundr8lslng for p8118nl8 and Staff. The klndness has helped keep our hardworklng staff mollv8led, knowlng that Ihelr effotts wero belng recognlsed and valued, In AprS12020 North Tees & Hartlepool NHS Foundauon Trusl General CharSlable Fund reglslered lo bg¢ome member of NHS Chadlles Together. They offer a wldo range ol support, no￿orkIng and Inlormallon servlces as well a8 odopllng best pracllc8 from across the 88clor. North Tee8 & Hartlepool NHS Foundallon Trust General CharStable Fund8 were awarded £121,000 8 8ta98 3 Racovery from NHS Chadll88 Togelh8r lo support a br8akoul area for 81arf, £96,800 wag r8celvgd In March 2022123 wllh a Ilmescale of 2 year8 to lully complete Ihe prolecl.The remalnlng £24,200 was recelved In 2024125 hall way through Iha prolacl, the breakout ar8819 now Complete and Ihe staff are extremely pleased wllh the facllllles. The Charlty wera succes8fully 8ward8d a gr8nl of E149,700 from the Greener Commun511es fund, monaged by NHS Charlleg Together In parlner8hlp wllh Slartjucks 8nd Hubbub. Th8 Chartty recelved 90% of the grant £134,730 durlng 2023124 and Ihls h8$ been used lo crealgd a Kal8do8lroke Ihorapy garden lo b6 used for stroke and Iharopy pallenls reh8bllllallon. The flnal In8talm8nl 10Y(t w88 recleved In 2024125 and used lo 8nhanc8 th8 garden furnlshlngs, The garden Is usod by our Ihorapy loams to sUPPOrt physlcal and cognlllv8 rehabllllollon In stroke, d8m8nlla or elderly palleni8, The garden has recelaved phenomenal feedback from both pallenls and tha therapy 18am8. Grant Maklng Pollcy The Corporate Tru8188 Grant Maklng PollGy alm810 8UPPOrt the Charlty by enhanclng pallenl care and staff welfare. Flrslly Ihe Ganeral Purposes Fund Is conslSluled ol glfts recelved by the Charlty where no partlcular preference as lo Ils expondSluro has been 8xpres88d by donors. The G6n8ral Fund Bld Approval Group w88 gslabll8h9d to allocate the funds from unreslrfcled general purpose North Tees & Hartlepool Together fund by a bld appllcallon process. The Gen8ral Fund Bld Approval Group conslsls of a mlnlmum of four representallves of staff from flnance, fundralslng. communlcallons and markellng, slafl health and wellbelng and 8 Non.Execullve Olrector, The group has addlllon81 representallv88 from other argas of Ihe organl$aUon lo ensur8 equltablllty. Th8 blds are 8SS8ssed and scored and musl mael tha Charft8bl8 fundlng prtodlle8. Thg General lund bld approval group assos8 and scoro all of the blds. grants uplo £5,000 8re Pallenl welfare Ihol enhances Ihelr expeilence Modlcal equlpmenl Inol roplac8m8nll lo ensura that p&llenl8 have access lo the lal8st18¢hnology and staff have addlllonal equlpmenl ne8dad lo Improvo pallent experlenGe Improvlng Ihe pallent envlronm8nt by dev8loplng and dellverlng hlgh quallty Inlertor de81gn prol8cls In spec181 n88if and sen$lllvSty areas Supportlng staff educallon through professlonal development and access lo tralnlng not nomally funded through standard Streams Inv881ing In proJecis that support staff mental health and wellbelng The bld approval group also assess, Score and allo¢ate grants blds for the restricted staff lottery fund up lo £5000. Pagg 5

Trusteo's Annual Report (contlnuedl Grant Maklng Pollcy {contlnuedl' Secondly, reslrtcted funds roflacl the wishes of the donor. Th8S8 are managed by fund holders who are authorlsed lo spend the money wlthin their deslgnaled area. These funds ¢an b6 spent at any Ilme. Grants are mad8 to both Inslilullons and Indlvlduals. Detalls of the maln types of grants are shown on page 6 and 7. The nel assets of the Charlty as at 31 March 2025 are £2,824,00012024,' £3,270,000) a decrease over the year of £446,000, comprlsed of an In year operallng loss of £373,000 {2024'. £252,000) and by an unreall8ed 105s of £73,000, resulllng from an decrease In Ihe market value of Inveslmenls, compared to an Increas& (2024.. £131,000). Incom? The Charlty relles on donallons. 18gacl&s and Inveslm8nl Income as the maln source of Income. Total Incomlng resources were £638,000 (2023124: £807,000), a decréase Irom the prevlous yèar. Voluntary Incom8 Is tha larg881 source of Income, and Is recelved vla donatlons from grateful pallents, r8lallve8 and members of the publlc as d818118d b810w.' Glfts from ihe publlc, ranglng from a small amount d8pos118d In a coll8cllon box lo sover81 hundred pounds donat8d from grateful pallents and rel8llve8', Fundralslng Income g8n8r8led by donors Irom varfous sponsored events In appreclallon of care recglved or In rnemory of a loved one: L8g8¢198, b8que818 and glf18 as part of a beneflclary In a w511,' and ' Grants from exlemal organlsallons lo fund projects and Items of equlpm8nl. The Trust conllnued lo promot8 the staff lollary durlng 2024125, a total of £55,000 of Income wag generated {2023124', £46,000), £35,000 was pald out In prlze wlnnlngs and £1,000 for slafl lollery system admlnlslrallon and operallonal co818. The remalnder of the Income generated £19,000 wlll be used lo support staff health and wellbelng. Expendlture (Grants Mad•) Durlng the year dlrect charltable expendllure w88 £903,00012023124, £467,000). The Increase In expendllure In 20241251s du8 lo tha conllnuallon ol Ihe Gengral Fund Bld proce5s1o allocate fund8 from Ihe unreslrlcled general purpose North Te88 & Hartl8pooI Together fund by a bld appll¢allon process. Thls hag proved lo be be a 8ucce88ful, falr process lo allocate unreslrlcted fund grants. A lull breakdown ol 8xpendllure by ¢8t8gory18 shown In nol8 8 & note 10 of the accounts. Major Indlvldual pur¢hase8 of medlcal equlpment made durlng the year ar8 s81 out b8low Dlgllal scannlng machlne, Apllo prlsm edltion ultrasound- used lo support malemlty Opiinow system equlpmenl used by n80natal unlt Prostrate blopsy ultrasound & probe- enhand urology Irealmenl Flex Vldeo cysloscop8 x 3- elecllve care Stryker Stacker- Robotlc Ihealres Bladder Scanner- urology Barkey Plasmathem Tawlng devlcel Comprèssor- Haematology Haemobank refrtdgeralor x 2 Pathology Other medlcal equlpment 60 15 50 83 41 18 110 25 411 Page 6

Trustee's Annual Report {contlnuedl The Charity has contrlbuled £185,00012023124.' £168.000) to Improve patient welfare, experience and envlronment at North T6es and Hartlepool NHS Foundation Trust. The major Improvements and purchases durlng the year are shown below.. ondlture £000 Oa8ls sulte refurblshment Snowdrop sultes refurblshmenl Ward refurblshmenl ward 20126 Patient chalr haemalology Interactlve floor chlldrens outpallentslward Speclallst Rehabllilalion chalrs x 18 sound syst8m- hospltal radlo Chalrs for chapel x 60 Therapy Garden Other pallent welfare 41 12 46 14 42 185 Tho Charlty has contrlbuled £22,000 (2023124.. £5,000) lo other refurblshmenls and IT equlpment purcha8e8 In North Tees and Hartlepool NHS Foundatlon Trust. Th8 Charlty has spent £225,000 12023124.. £76,000) on staff welfare, r8presentlng a slgnlflcant contrlbutlon to staff tralnlng and dev&lopment to provld8 hlgh quallty health care wlthln the Foundatlon Trust, endltura £000 Staff tr8lnlng staff recharge hub west wlng Other staff welfare 72 130 23 225 Expgndlture from Ralslng Funds Durlng 2024125 North Tges & Hartlepool NHS Foundatlon Trust promoted the staff lottery schem8. The generated charltable funds Income wlll support staff health and wellbelng. Tha Corporate Trustee supported fundlng durlng 2024125 for a dedlcated Fundralslng Co-ordlnator post, to promote conslstent campalgns and proacllva fundralslng projects on a regular basls. Ex endlture £000 Staff lottery winnlngs pald Staff lottery administratlon costs Fundraislng events costs Fundralslng salary recharge costs 35 24 48 108 Page 7

Trustoe's Annual Report (contlnued) Plan8 For The Future Tha NHS is an ever changlng environment and the future direction of the Charity will be shaped by these changes. The priorilies for spending charitable funds is determined primarlly by the fund holders, who are managers in the servlce. Delegallng th& responslblllty of expendlng charltable funds lo thls level, ensures that those able lo mak8 th8 declslons are best placed to know the exact needs of the servlce. The General Fund Bld Approval Group wlll conllnue to support the allocallon of funds from the unrestrfcled general purpose North Tees & Hartlepool Together fund by a bid application process lo successful projects, Corporata Trustee Statement Th8 Corporate Trustee confirms thal11 has referred to tha guldance conlalned In the Charlty CommlssSon's gereral guld8nc8 on publlc beneflt when revlewlng the Charlvs alms and obJ8cllves and In plannlng future acllvltles and settlng grant maklng pollcy for the year. It Is the oplnlon of the Corporate Trustee that It carrfed out these oblecllves by.. Pallenls, Welfare - purchase of small plec8s of equlpment and enhancement of $6rvlces and facllllles over and above that normally provlded by tha NHS., Staff Welfare- enhanc8m8nl of staff facillllas and by provldlng educallon over and above that whlch would normally be provlded by the NHS,, and Capllal Equlpment- purchase of equlpmenl In addltlan to, or an enhancement of, that whlch would be normallv provlded bv the NHS. Thank You The Corporate Trustee would Ilke lo express 119 slncere 8nd heartfelt Ihanks to all the Indlvlduals and organlsallons who have made charltable donallons lo th8 Charlty. The support and asslslanc8 of the publlc, P8llenls. volunteers, local buslnesses and communlty assoclatlons Is much 8ppreclated and help8 In provldlng the best posslble servlce to the benefit ol averyone who 18 cared for In our hospltals. The generoslty and klndness of the local communlty has been overwhelmlng. the donations and gifts have mada Tho Re88rves Pollcy Reserves are that part of the Charlty'8 unrestrlcled funds whlch are freoly avall8ble to spend on any of the Charlty's purposes. The value as at 31 March 2025 was £1,584,000. Th18 deflnlllon excludes restrlcted Income funds and endowment funds. The Corporate Truslee requests that the cash balance al any one Ilme should not fall below £100.000. The Charlty has the faclllty lo wlthdraw funds as and when requlred from CCLA for Charilles, lo enable the Charlty's alms lo be protected In the event of axpendilure exceedlng Income In a glv8n year. By provldlng a buffer, the Corporate Trustee has the ablllty lo reduce dlscretlonary grants and Implement plans to Increase fundralslng wilhoul Impactlng dlsproportlonalely In the short term, The reserve poll¢y Is revlewed annually, taklng Into account hlstorlc results and future expeclatlons of Income levels and Inflatlon. Pag8 8

Trustee's Annual Report (contlnuedl Investments Th8 Corporate Trustee Invests the charitable funds in Ilne with its investment pollcy with a vlew lo obtalnlng a relum higher than through cash deposits. The Investment policy Is reviewed on an ongolng basls by th& Corporate Trustee. The portfollo was managed by CCLA for Charltles and comprlsed Investments In a global charlty multl- asset fund and cash. Funds are invested ethlcally In relallon lo achlevlng carbon n8Utr81 targets. There Is no Investment In companle$ Involved In tobacco products. The performance of the Investments Is monitored by the rinance department of the North Tees and Hartlepool NHS Foundallon Trust and reported to the DlreGlor of Flnance. Summary ot Investments at 31 March 2025 Funds managed by CCLA for Ch8rllle8 are as follows.. Equltle8 COIF Charltle8 Investment Fund Total £000 100 100 The market value of the portfollo of Investments as at 31 March 2025 showed a decrease In value of £73,000 (compared lo an Increase of.. £131.000 at 31 March 2024). Thls Is dlsclosed as an unreallsed losslgaln In th8 Slalement of Flnanclal AGllvltles. The Investment objectlve of the fund Is real long-term growth In capltal values and a rellable Income dlstrlbullon wllhln a clear rlsk control framework. There Is a blas towards real assets, predomlnanlly global aqulllgs but also propety and Infrastructure. Indlvldual stocks are selected on buslnesses, fundamental charactarlstlcs Includlng anvlronmental, soclal and governance rlsks. Apportlonmgnt of Invastment Income Dlvldend Income from Investments ha$ been apportioned on a pro-rala basls lo funds with an average balance of £2,500 and abovg as at 31 March 2025 (2024.. £2,500). Golng Concern The Charity's activltles, together wllh the factors Ilkely to affect Ils future development, performance and poslllon are set out on p89es 1-10. The Charlty has slgnlficant flnan¢lal resources and due to Its long slandlng pollcy of only fundlng one-off in-year appllcallons lo the fund, has no future commltments to dlscharg8, The r8turn on Investments, donatlons and legacles have decreased over the prevlous year. The expendlture of the Charlty Is dlscrellonal and tha Corporate Truste8 wlll ensura expendlture18 affordable to malntaln flnanclal sustalnablllty. Afler maklng enqulrles, the Corporate Trustee expects that the Charlty has adequate resources to contlnue In operatlonal exlstence for at least 12 months from the dale of slgnlng. For thls reason. they contlnue lo adopt th8 golng concern basis In preparing the Annual Report and Flnanclal Statements. Page 9

statement of Trustoo's respon31bllltles The Trustee Is responslbl8 for preparlng tho Trustee's Annual Report and the Flnanclal Statements In accordance wllh appllcable law and Unlled Klngdom Accounting Standards (Unlled Klngdom Generally Accepted Accountlng Practlce). Includlng FRS 102"The Flnanclal Reportlng Standards applicable In tho UK and Republic of Ireland. The law applicable lo charities In England and Wales requlres the Truste& to prepare flnanclal statements for each flnancial year which glve a true and falr view of the stale of affairs of the Charity and of the Incoming resources and appllcation of resources of the Charity for that perlod. In preparlng these financlal statements, the Trustee Is requlred to.. select sullabla accounllng pollcles and then apply them conslstently., observe the methods and prfnclples In the Ch8rill&s SORP; make Judgments and estlmales that are reasonable and prudent; state whether appllcable accountlng standards have been followed, subJeci10 any materlal departures dlsclos8d and explalned In the financlal statements., and prepare the financlal statements on the golng concern basls, unle88 It Is Inapproprlate lo presume that The Trustee Is responslble for keeplng proper accounting records that dlsclose wllh reasonable accuracy 8t any Ilme. the fln8nclal poslllon of the Charity and enable It lo ensure that the flnancial slalements comply wlth the Charltles Act 2011, the Charlty (Accounts 8nd Reports) Regulallons {20081 and the provl8lons of Ihe Trust deed. They are 8150 responslble for safeguardlng the assets of the Charlty and h8nce for taking reasonable Steps for the prevenllon and detecllon of fraud and other Irregularltles. Th8 Truste8 Is responslble for the m8lnlenance and Inlegrlty of the Charlty and ftnanclal Informallon Included on the Charlty's webslle. Leglslatlon In the Unlled Klngdom, governlng the prepar8tlon and dlssemlnatlon of flnancial statements may differ from leglslatlon In other Jurlsdlcllons. Slgned on behalf of the Corporate Trustee: Group Chalrman...................,. Dat8 10 rL £D'&s Group Chlef Flnanca Offlc6r...... Dato 10 IJÉc£rn6gQ Ic>zS Page 10

Independent auditor's report to the trustee of North Tees and Hartlepool NHS Foundation Trust General Charitable Fund Opinion W8 have audit8d the financlal statements of North Tees and Hartlepool NHS Foundation Trust General Charity Fund (th8 'charity') for the year ended 31 March 2025 which comprls8 Statement of Financlal Activitles, Balance Sheet, Statement of Cash flow and notes lo the financial stat8ments, Including a summary of significant accounting policies. The financial reporting framework that has been applled In their preparation Is appllcable law and Unlted Klngdom Accounting Standards, including FRS 102 "The Financial Reporting Standard appllcable In the UK and Republlc of Ireland" (Unlted Kingdom Generally Accepted Accountlng Practlca). In our opinion, the financial statements., glve a true and falr view of the state of the charlty's affalrs as at 31 March 2025 and of Its Income and expenditure for the year then ended; have been properly prepared In accordanc8 wllh Unlted Klngdom Generally Accepted Accountlng Practlce; and have been prepared in accordance with the requlrements of the Charltl8s Act 2011. Basls for oplnlon We conducted our audit In accordance with International Standards on Audillng (UK) (ISAS (UK)) and appllcable law. Our responslbllltles under those standards are further d8scrlb8d In th8 Auditor's responsibilities for the audit of the financial statements S8Ctlon of our report. We are Independent of the charlty In accordance wlth the ethlcal requirements that are ralevant to our audit of the flnancial stat8menls In the UK, includlng the FRC'S Ethlcal Standard and we have fulfllled our other ethlcal responslbllltles In accordance wlth these requlrem8nts. We b811eve that the audlt evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the golng concern basls of accountlng In the preparatlon of the financlal statements Is appropriate, Based on the work we have performed, we have not Identified any material uncertaintles relating to events or conditions that, indivldually or collectively, may cast slgnlflcant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when tha financial statements are authorlsed for Issue. Our responslbllitles and the responsibilitles of the trustees with respect to golng concern are described in the relevant sections of this report. Page11

Other information The Other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover th8 Other Information and we do not express any form of assurance conclusion thereon. In connection with our audlt of the financlal statements, our responsibility is to read the other Information and, In dolng so, conslder whether the other Informatlon Is materlally inconslstent wlth the financial statements or our knowledge obtalned In the course of the audlt, or otherwlse appears to be materially misslated. If we identify such material inconslstencies or apparent materlal mlsstatements, We are required to determine whether there is a materlal misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misststement of this other informatlon, we are required to report that fact. We have nothlng to report In thls regard. Matters on which we are required to report by exception We have nothlng to report In respect of the followlng matters In relatlon to whlch the Charltles (Accounts and Reports) Regulatlons 2008 requlres us to report to you If, In our oplnlon: the Informatlon glven In the flnanclal statements Is Inconslstent In any materlal respect wlth the Trustees, R8POrt , or sufficient accounting records have not been kept. or the flnanclal statements ara not in agreement with the accountlng records; or we have not receleved all the Informatlon and 8xplanatlons we requlre for our audlt. Responsibilities of Trustee As 8xplalned more fully In th8 trustee responsSbilities statement set out In the trustees annual report, the trustee 18 responslble for the pr8paratlon of the fln8nclal statements and for belng satisfied that they give a true and fair view, and for such internal control as the truste8S determlne Is necessary to enable the pr8paratlon of flnanclal statements that are free frorn materlal misstatement, whether due to fraud or error. In preparlng the flnanclal statements, the trustee are responslble for assesslng the charlty's ability to continu8 as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basls of accountlng unless the trustees elther Intend to cease operations, or have no realistic alternative but to do so. Page 12

Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectlves are to obtain reasonable assurance about whather the financial stat8m8nts as a whole are fr88 from material misstatement, whether due to fraud or error, and to issue an auditor's report that Includes our oplnlon. Reasonable assurance Is a hlgh level of assurance but is not a guarantee that an audit conducted in accordance wlth ISAS (UK) will always detect a material mlsstatement when it exlsts. Misstatements can arlse from fraud or error and ar8 considered material if, individually or in the aggr8gat8, they could reasonably be expected to Influence the economlc decisions of users taken on the basis of the flnanclal statements. The extent to whlch our procedures are capable of detectlng Irregularltles, Includlng fraud, Is detailed below. The rlsk of materlal, mlsstatement due to error or fraud has been assessed In conjunctlon wlth how Internal controls may mltlgate any such rlsk. These controls are revlewed as part of the audlt by performlng systems walkthroughs to ensure they are operating effectively. Analytical revlew and substantlve testlng Is also performed on all rnaterlal balances and therefore any Instances of non-compliance should be identified or considered as insignificant. In identifying and assesslng rlsks of materlal mlsstat8ment In respect of Irregularltles, Includlng fraud, the audlt 8ngagement team., obtalned an understandlng of the nature of the Industry and sector, Includlng the legal and regulatory framework, In which the charity operates and how the charity Gomplles with that legal and regulatory framework Inqulred wlth management and those charged wlth governance about thelr own Idenllflcatlon and assessment of the rlsks of Irregularltles, Includlng any know actual, susp8Cted or alleged Instances of fraud discussed with management and those charged with gov8rnanc8 any non-compliance with laws and regulations and how fraud mlght occur Includlng assessments of how and where tha financial statements may be susceptible to fraud. The risk of management overrlde of controls was also consldered an area of potential mlsstatement due to fraud. Audit procedures performed Included testlng of manual Journal entries and other adjustments and evaluating the business rationale in relation to signiflcant, unusual transactlons and transactlons entered Into outslde the normal course of buslness. There are Inherent Ilmltatlons In the audlt procedures descrlbed above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audlt, there remalned a rlsk of non-detectlon of Irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. A further description of our responsibilitles for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or .uklauditorsres onsibilities. Thls description forms part of our auditor's report. Pag8 13

Use of the audlt report .This reporl Is made solely lo Ihe charily's trustees, as a body, In aceordance with Part 4 of Ihe Charllies (Accounts and Reports) Rogulalions 2008. Our audll work has boon undertaken so that we might slalo lo Iho charlly's Irusleos th088 mallers we aro roqulred lo slate lo them In an 8udllorf3 report and for no olher purposo. To the lulle81 exlenl permSllod by law, we do not acc8pI or assumo responsiblllty lo anyona other Ihan Iho charlly and Ihe charlly's IrLtsleo9 as a body, for our audlt work, for Ihls report, or for the oplnlons we have foimgd. Slgned: Nlcholag Cunnlngham MSC BSC FCCA {Senlor Stalulory Audllorl For and on beh8110l Rob80n Laldlor Accounlgnls Llmlled, Slalulory Audllor S181ulory Audllor Fornwood Houso Femwood Road Jesrnond New¢aslle Upon Tyne NE2 1TJ Dal8: Robson Loldler Accounlanl8 Llmllad 1$ ellgible for appolnlmanl as audllor of the charlly by virtue 01 Sls ollplbllily for appolnlmonl ag aud51or of a company undor socuon 1212 of Iho Cornpanl89 Acl 2008. Page 14

statoment of Flnanclal Actlvltles for tho yaaronded 31 March 2025 Total Funds Unreslrlcled Reslrlcted 2024125 Funds Funds £000 £000 £000 Total Funds 2023124 £000 Note Unreslrtcled Restrlcled Funds Funds £000 £000 Incomo and endowmants from . Donallons Legacles Charltabl8 acuvllles Other Iradlng aclivllles- fundralslnq events- staff l0tt8ry Other Incomlng resource8 Inveslm8nl Income Total Incomlng r•8ourcos 269 152 23 29 55 421 23 29 70 487 122 37 24 46 609 37 24 62 15 16 16 33 308 16 79 638 21 22 272 22 53 807 13.3 46 330 31 535 Expendltura on: Ralslng funds Charllab18 acllvllles.. Research posts and cllnl¢81 ¢arè Purchase of equlpmenl R8furblshmenl costs Staff educallon and w8lfare Pallent W81fare Governanc8 costs Total oxpendllura 69 39 108 53 35 88 13 49 49 280 131 411 22 225 185 41 1011 91 37 128 141 99 24 630 84 86 17 381 12 142 24 323 84 26 17 232 76 168 41 555 10 Nel galnll1059) on Inv8slmenls 13.1 Net Incom8 before Iranslar8 43 (343) 30 1103) 73 (446) 77 289 54 131 383 Tran8f8rs belween lundy 18 Net movement In funds 18 343 103 289 94 383 Fund balanc88 brought forward al 1 Aprll 2024 Fund balances carrled forward al 31 March 2025 1,927 1,343 3,270 1,638 1.249 2,887 1,584 1,240 2,824 1,927 1,343 3,270 All galns and loss8s recognlsed In the year are Included In the above slalemenl. All amounls relale lo conllnulng op8r811ons, The notes al p8g88 1810 29 form part of these financlal slalemenls. Page 15

Balance Shaet as at 31 March 2025 No18 Unr8slrlcl8d Restrlcled Total at 31 Unreslrlcled Reslrlc18d Total at 31 Funds Funds March 2025 Funds Funds March 2024 £000 £000 £000 £000 £000 £000 Flxed Assets Inveslmonls 13 729 743 1,472 1,472 772 773 1,545 1,545 Total fixed a88els 729 743 772 773 Curront Assets Stocks 08blors and accrn8d Income 14 Ca8h and cash equlval8nls Total current assets 24 13 37 15 962 556 1,518 1,555 1291 584 1,875 1,890 988 589 1,300 590 Currant Ilabllltl•8 Credllors: Amounts falllng due wllhln ona year 15 131 72 203 145 20 165 N4t ¢urrent a88ats 855 497 1,352 1,155 570 1,725 Total as8ets1008 curront Ilabllltle# 1,584 1,240 2,824 1.927 1,343 3,270 Not Assot8 1,584 1,240 2,824 1,927 1,343 3,270 The fund8 of the Charlty Reslrlcled Incom8 lund8 Unre8lrlcled Income fundg 1,240 1,240 1,584 1,343 1,343 1,927 1,584 1,927 Total Charlty Fund8 19 1,584 1,240 2,824 1,927 1,343 3,270 The noles on pages 1810 29 form part of the flnanclal slalemenls. Th8 flnanclal slal8m8nlg on pages 15 10 29 were approv8d by th8 Corporal8 Trustee and slgn8d on Ils beha Slgned.. Dale.. Chrf8 Hand {Group Chlel Flnance Offlc8r) l O Zozs Page 16

Statement of Cash Flow for the year onded 31 March 2025 Note 2024125 £000 2023124 £000 Cash flows from operatlng actlvltlas: Net cash from operatlng actlvltlos 436 267. Cash flows from Investlng actlvltles.. Dlvldends and Int8rest from Investments 13.3 79 53 Nat cash from Invastlng actlvltle8 79 53 Chango In cash and cash gqulvalent8 In the reportlng porlod (357) 320 Increase In cash and cash equlvalenls In the year Cash and Gash equlvalenls at the beglnnlng of reporting perlod (357) 320 1,875 1,555 Total ¢a8h and cash aqulvalgnts at the ond of the yaar 1,518 1,875 Page 17

,Notes to th8 Flnanclal Statements Accountlng Pollcles (a) Basls Of Preparatlon The preparatlon of financlal statemenls requlres the uso of certaln crlllcal accountlng 8slimates, It also requires management to ex6rcls8 its ludgemenl in the process of applying th8 Charitys accounting policies. Th8ra are no critical accounting judgements and ther8 are no key sources of estlmallon uncertalnty. The flnanclal statements have been prepared on a golng concern basls and under the hislorlc cosl convention, with the exceptlon of investments whlch are included at fair value. The ftn8nclal statements hava been prepared In accordance with Accountlng and Reportlng by Charltles: Statement of Recommended Practlce appllcable lo charltles prep8rlng thelr flnanclal statements In accordance with the Flnanclal Reporting Sland8rd appllcable In the UK and Republlc of Ireland {FRS 1021 {effeGtIV8 1 January 2019) and the Charltles AGI 2011. The Charlty meets the definltion of a publlc benefit entity under FRS 102. Assets and li8bilitl8s are Inillally recognlsed al hlstorical cost or Iransactlon value unless othe￿ISe slated In the relevant accounllng pollcy nole(s). (b) Funds Structure Restrlcted funds are funds whlch are lo be used In accordance wllh specific reslrlctlon8 Imposed by the donor. Unrestricted Income funds comprlse those funds whlch the Corporate Trustee is free lo usa for any purpose In furtherance of the charitable oblectives. Funds whlch are not legally reslrlcled but whlch the Corporate Trustee has chosen to earmark for set purposes are deslgnated funds.- Funds where the capltal Is held lo generate Income for charltable purposes and cannot Itself be spent, are accounted for as endowment funds. No endowment funds are currently held by the charity. The major funds held In each of these categorle8 are dlsclosed In note 19. (c) Incomlng R030urces All incomlng resource8 are recognlsed and Included In full In the Statement of Flnancl81 Actlvllles as soon as the followlng factors are met: entitlement- arlses when a partlcular resource is recelvable or the Charitys rlght becomes legally enforceable., certalnty. when there Is reasonable certalnty that the Incomlng resource wlll be recelved. and measurement- when the monetary value of the In¢omlng resources can be measured wlth sufficlenl rellabllity. In all cases, the amount al whlch gifts In klnd are brought Into account Is elther a reasonable estlmatg of thelr valua lo the Charity or the amount actually reallsed. The Charlty has no sources of estlmation uncertainty to dlsclose. Page 18

Accountlng Pollcles (contlnued) Incomlng Rosourcas From Legacles Receipt of a legacy must be recognised when it Is probable that it will be received. Receipt Is normally probable when., there has been grant of probate,, the executors have esabllshed Ihal Ihgre are sufflclent assets In the estate, after settllng any Ilabllltle8, to pay the legacy,. and any conditlons attached to the legacy are elther wilhln the control of the charity or have been met. {d) (e) Resourcos Expended Expendlture Is recognlsed once there Is a legal or con$tructlve obllgallon to make a payment to a thlrd party. Grants are only made to related or Ihlrd paty NHS bodles and non-NHS bodles In furtherance of the charitable objgctlves of the funds. A Ilabllity for such grants Is recognlsed when approval has been glven by the Fund Manager of the relevant Charllable Fund. The North Tees and Hartlepool NHS Foundallon Trust General Charitable Fund has dalegated authorlty lo the Fund Managers. Irrecoverable VAT (f> Irr8coverable VAT Is charged agalnst the c818gory of resources expended for whlch It was Incurred. (g) Governanc8 Co8t8 Cost8 of governance arrangements are Included whlch rolale to the general runnlng of th8 Charlty as opposed lo the dlrect management funcllons Inherent In generatlng funds, seNlce dellvery and programme or project work. These actlvltles provldg the governance Infrastructur8 whlch allows the Charity to operate and lo generate th8 Informatlon requlrad for publlc accounlablllty. They Include the strateglc pl8nnlng processes that conlrlbute to the futur8 development of tha Charlty and comprlse of Sdmlnlslrallon, Independent audltors, fee, Internal audit costs and all support costs (see note 10). These costs are apportloned on a pro rala basls lo funds wllh an averago balance of £2,500 and above as at 31 March 2025. (h) Charltable actlvltle8 Costs of charltable acllvltles comprlse all costs Incurred In the pursull of the oblectlves of the Charlty. Th&se costs comprlse dlrect costs and an apportlonment of th8 management, admlnlstrallve and audlt costs. Flxed Asset Invastment8 Investments are stated at the closlng market value whlch Is the 'bld prlce, at the balance sheet date. The Statement of Flnanclal Activllles Includes any net galns and losses. Debtors u) Debtors are amount$ owed to the Charlty. They are measured on the basis of Ihelr recoverable amount. (k) Cash and Cash equlvalents Cash at the bank and in hand Is held lo meet the day to day running costs of the Charity as they fall dug. Cash equival8nts are short temi, Ilquld investm8nls, usually In 90 day notice inter8St bearing savings accounts. Page 19

Accountlng Pollcles (contlnued) Credltors Credltors are amounts owed by the Charity. Th8y are measured at the amount that the Charity expects lo have lo pay lo settle the debt. (m) Recognlsed Galn8 and Losses All realls8d and unreallsed galns and losses are taken to the Statement of Flnanclal Actlvltles as they arlsa. Reallsed galns and losses on Investm8nls are calculated as the dlfference between sales proceeds and openlng market value (or date of purchase If later). Unreallsed galns and losses are calculated as tha dlffer8nce betweer) market value al thg year end and OP6nlng market valua (or dale of purchase If later). (n) Golng Con¢orn The Charlty's acllvltles, together wlth the factors Ilkely to affect Its future development, performance and posltlon are set out on pages 1-10. The Charlty has slgnlflcant flnanclal resources and due to Ils long 8landlng pollcy of only fundlng one-off 1n.year appllcatlons lo the fund, has no future commllmenls to dlsch2rge. The return on Investments. donatlons and legacles have decreased over the prevlous year. The expendlture of the Charlly Is dlscrellonal and the Corporate Trustee wlll ensure expendlture Is affordable lo malntaln flnanclal sustalnablllty. After maklng enqulrles, the Corporate Trustee expects Ihal the Charlty has adequate resources lo contlnue In operallonal exlslence for al least 12 months from the dale of slgnlng. For Ihls r88son, they continuo lo adopt the golng concern basls In preparlng the Annual Report and Flnanclal Slalements. (o) Taxatlon Llablllty As a reglstered charlty, the North Tees and Hartlepool NHS Foundallon Trust G8n8ral Charltable Fund 13 polentlally exempt from the taxatlon of Income and galns fallSng withln S505 01 the Income and Corporatlon Taxes Act 1988 and S256 Taxatlons and Chargeable Galns Act 1992. No tax charg& has arlsen In the year. Page 20

  1. Related Party Transactlons The North Tegs and Hartl8pooI NHS Foundallon Trust is th& sole bBn8ficlary of the Charity. The Charlty has provld8d fundlng lo the NHS Foundauon Trust for approved exp8ndllure under the Trust's Scheme of delegation mad8 on behalf of the Charity. This fundlng amounted lo £970,000, disclosed In noto 7 and note 8,12023124: £514.0001 and Is shown on the fac6 of tha Statement of Flnanclal AcllvS116s. During the year nono of the mombers of tho NHS Foundallon TrLfSt Board or Senlor NHS staff or partles related lo them Were beneflclarles of th8 Charlty or have undertaken any malertal Iransacllons with the Charlty. Ne51her the Corporate Tnjstee nor any member ol th8 NHS Trust Board h8s recelved honoraAa, emoluments or expensès In the year (or In the prtor yèar). The Corporate Trustee has purchased Trusleo Indemnlty Insuranc8 for 2024125. Deta118 of related party tran8aCtlons wlth Indlvldualj 2024125 Paymonta to related partlos Rec•lpt8 frorn relatod partlos £000 Amounts owod to related partl?B £000 Amount8 due from rolatad partlèi £000 £000 Doclaratlon of Intero8t 2024125 Opllmus Health Ltd 190 24 NTH Solullons LLP North Te88 & Hartlepool NHS Foundallon Tnjst 756 119 South Tees NHS Foundallon Trust 2023124 Opllmus H88llh Ltd 310 NTH Solullons LLP li 15 North Tees & Hartlepool NHS Foundallon Trust 314 139 Opllmus Health Ltd (Tradlng Company lor North Te88 and H8rtlepool NHS Foundallon Tru81) lan Slmpson Chalr of NTH Solullons LLP and Opllmus Llmllad Company (Non-Execullve Dlreclor) NTH SolullonB LLP (Tradlng Company for North Tees and Hartlepool NHS Foundallon Tnjsti N811 Alklnson. Twsl Represenlallvo on NTH Solullons m8nagemenl Board Chr18 H8nd. Trust Repr8s8nl8llve on NTH Solullons managem8nl Board North Tees & H8rt1gpool NHS Foundallon Trust All Execullve Dlreclors and Non-execullvé Dlreclors of Iho North Tees & Harti8pooI NHS Foundallon Tru81 Board serve as ag8nls of Ihe Corporate Truslee of the Charlty. South T88s NHS Foundallon Trust All Execullve Dlrectors and Non-execullve Dlrectors of the North Tees & Hartlepool NHS Foundatlon Trust Board and South Tees Foundatlon Trust Board serve as agents of the Corporate Truste8 of th8 Charlty. Th8 two Trust$ work In partnershSp and are collecllvely known as Unlverslty Hospital Tees. Page 21

  2. Voluntary Income Unrestricted Funds £000 12 Restrlcted Funds £000 143 Total 2024125 £000 155 10 Total 2023124 £000 101 27 Donations Fundraising Income Generated by Indivlduals Grants Recelvable Corporate Donalion8 Gift Aid Legaci88 Total 39 214 39 214 165 312 23 175 23 444 37 646 269

  3. InGomlng Resources From Charltabla Actlvltles The Income was prlmarlly from the provlslon of tralnlng courses In furtherance of the Charltys obJe¢llves. Unreslrlcted Reslrlcled Total Total Funds Funds 2024125 2023124 £000 £000 £000 £000 Income from the provlslon of educatlon and Iralnlng 29 29 24 Total 29 29 24
  4. Oth8r Tradlng Actlvltles Unrestrlcted Fund3 £000 Restrlcled Funds £000 55 Total 2024125 £000 55 15 Total 2023124 £000 46 16 Staff Lottery deducllons Fundralslng Events 15 Total 15 55 70 62

  5. Other Incomlng Resources Unrestrlcted Funds £000 Restrlcled Funds £000 16 Total 2024125 £000 16 Total 2023124 £000 22 Other Income Total 16 16 22 Thls InGome Is recelved from sponsorshlp of varlous meellngs and conferences held by the Trust, payment for cllnlcal trlals performed by the North Tees and Hartlepool NHS Foundatlon Trust and the provlslon and facllltatlon of tralnlng for external partles. Page 22

  6. Ralslng Funds 2024125 2023124 £000 £000 Staff Lottery Winnlngs & Admln Fundraising Expenses Fundra151ng Salary Costs Totsl 36 32 24 48 47 108 88

  7. Charltable actlvltles Tha Charlty pursued Its charitabl8 8Ctlvili8s by making grants, shown below by category. 2024125 £000 2023124 £000 Purchase ol Equlpmenl Research Posts and Cllnlcal Care Refurblshment Costs & IT Equlpment Staff Educatlon and Welfare Pallents Welfare Total 411 19 22 225 185 128 49 76 168 426 862
  8. Analys18 of Grant8 All grants are made by the Ch8rlly for the year 1 Aprll 2024 10 31 March 2025. The Corporate Trustee operates a Scheme of Delegallon, through whlch all grant funded activity Is man8ged by fund holders responslble for the day lo day acllvllles or the charllable fund bld group for th8 Narth Tees & H8rtlepool Together General Charllabl8 fund and the staff lottery fund In accordance wllh the dlrecllons sel out by the Corporate Trustee In the Slandlng Flnancl81 Inslructlons and Standlng Orders. The lolal cost of rnaklng grants Is dlsclosed In th8 acllvlty analysls on the face of the Statement of Flnanclal Actlvllles. The grants recelved by the beneficlarles for each category of charllable 8cllvlly Is dlsclosed In note 8 of the flnanclal stalemenls,

  9. Govornance Costs 2024125 £000 2023124 £000 Internal audlt External audll Govemance 12 12 Flnanclal admlnlstratlon Total 29 29 41 41 Governanca costs of £41,516 (2023124: £41.216) comprlsa administratlon costs of £29,516 (2023124: £29,216), external auditor fe8 of £9,000 (2023124., E9.000) and an internal audit charge of £3,000 (2023124.. £3,000). Administration costs are charged pro-rata against funds which had an average balance of £2,500 and above as at 31 March 2025(2023124'. £2,500). Page 23

  10. Staff Costs There are no staff dlreclly employed by the Charity In 2024125 (2023124.. none). The Charltys Corporate Trustee agents glve thelr tlme fre&ly and r8celve no remuneratlon for th8 work that they undertake acllng for the Corporate Trustee.

  11. Audlt Remunaratlon The audltor's remuneratlon of £9,000 (2023124.. £9.0001 related solely to the audlt of the Flnanclal stalemenls.
  12. Investmants The Investment porfollo Is valued al the bld prlce 2024125 and 2023124 13.1 Movement In flxed a88et Investment 2024125 Total £000 2023124 Total £000 Market value brought forward Monles owed by CCLA for Charltles Short term dlvld8nds Net galn on revaluallon Markat value at 31 March 1,545 10 (10) 173) 1,472 1,414 10 (10) 131 1,545 13.2 Market value al 31 March 2024125 Total 2023124 Total £000 £000 Hold In UK COIF Charllles Investment Fund 1,472 1,545 Total The COIF Charitles Investment Fund Includes the followlng Investments: 2024125 2023124 Assot alloGatlon Overseas Equltles Fixed Interesl UK Equltles Infrastructure & Operatlng Assets Cash & near cash Propety Prlvate Equlty & Other Contractual & Other Income Derivatives 7.380/0 6,85Q/o 4.68Q/o 1.62/0 3.96 % 3.429/0 1.150/0 100/0 Page 24

13.3 Total gross Income from Invoslmonts and cash on deposlt 2024125 Total £000 2023124 Total £000 Held In UK Investments Bank Interest 43 36 42 Total 79 53 The Corporate Trustee belleves that the carrying value of the Investments Is supported by thelr underlying net assets. 14. Debtors: amounts falllng due wlthln one year 2024125 Total £000 2023124 Total £000 10 Dlvld8nd Income Accrued Incom8 26 Total 37 15 15. Credltors.. amount8 falllng due wlthln one year 2024125 Total £000 83 2023124 Total £000 25 Accruals Deferred Income Amounts owed to North Tees and Hartlepool NHS Foundatlon Trust Total 119 139 203 165 There Is no security for non-tradlng amounts owed to the Foundatlon Trust. 16. Transfers botween funds 2024125 Total £000 2023124 Total £000 Transfers There ar8 no Irsnsfers be￿88n funds 2024125 (2023124., NII) Paga 25

  1. Ultlmate parent undertaklng and controlllng party The Charity is a wholly owned subsidiary of North Tees and Hartl8pooI NHS Foundation Trust. an NHS Foundation Trust registered in England. North Tees and Hartlepool NHS Foundation Trust is also the ultimate parent company. The parent undertaklng of the smallest group which includes the Charity. and for whlch consolldated flnanclal statements are prepared, is North Tees and Hartlepool NHS Foundation Trust. Coples of the flnanclal 8tat8menls for Ihls group can be obtalned from.. North Teas and Hartlepool NHS Foundatlon Trust Universlty Hospltal North Tees Hardwlck Road Stockton on Tees TS19 8PE North Toes and Hartlepool NHS Foundallon Trust Is a publlc benefll corporallon eslabllshod under the National Health Service Act 2006. NHS England, the Independent Regulator for NHS Foundatlon Trusts, has the power to control the Trust wllhln the meanlng of IAS27 'Consolldaled and Separate Flnanclal Slalemenls., NHS England does not prepare group accounts bul does prepara separate NHS Foundatlon Trust Consolldaled Accounls, The NHS Foundallon Trust Consolldaled Accounts are Included wllhln th8 Whole of Government Accounts and Ihls Is the largest group wllh whlch the results of North Tees and Hartlepool NHS Foundallon Trust General Charllable Fund Is Gonsolldated Into. NHS England Is accountable lo the Secretary of Sla18 for Health and therefore the Trust'8 ultlmate parent Is HM Government.
  2. Reconclllatlon of net movement In fund8 to net cash flow from operatlng actlvltles 2024125 Total £000 2023124 Total £000 Net movament In fund8 {446) 383 Lossl{Galn) on Invastments Deduct Interegtldlvidends Income shown In Invesllng activltles (Increase) IDecrease In debtors Increasel(D8¢r6ase) In credltors 73 (79) (131) (53) (22) 38 (4) 72 Net cash ganorated from opgratlng a¢llvltles 267 Pag8 26

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