WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2023-24 GENERAL CHARITY - FUNDS HELD ON TRUST ## **West Midlands Ambulance Service NHS Trust General Charity** |**Address**|**Ambulance Headquarters**| |---|---| ||**Millennium Point**| ||**Waterfront Business Park**| ||**Waterfront Way**| ||**Brierley Hill**| ||**West Midlands**| ||**DY5 1LX**| |**Independent**|**Azets Audit Services Ltd**| |**Examiners**|**1st Floor, St David’s Court**| ||**Union Street**| ||**Wolverhampton**| ||**West Midlands**| ||**WV1 3JE**| |**Bankers**|**Royal Bank of Scotland Plc**| ||**Government Bnkg Serv Branch**| ||**EC2M 4BA**| |**Investment**|**C.C.L.A. Investment Management Ltd.**| |**Managers**|**80 Cheapside**| ||**London**| ||**EC2V 6DZ**| |**Legal**|**Mills and Reeve**| |**Advisors**|**54 Hagley Road**| ||**Edgbaston**| ||**BIRMINGHAM**| ||**B16 8PE**| ## **TRUSTEES ANNUAL REPORT for the year ending 31 March 2024** ## **Introduction** The Trustees present their Annual Report and Financial Statements of the Trust for the year ended 31[st] March 2024. The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity Governing document, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and reporting by Charities (effective 1 January 2019). Funds Held on Trust are invested and accounted for separately from other income received by West Midlands Ambulance Service University NHS Foundation Trust for the provision of healthcare. Members of the West Midlands Ambulance Service University NHS Foundation Trust Board are jointly the Corporate Trustee of the funds. As Corporate Trustee, they are responsible for the administration of the funds and are required to maintain separate accounts and provide information to the Charity Commissioners. Day to day administration is managed through policies and procedures contained within Standing Financial Instructions and operated by the Director of Finance. 1 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2023-24 GENERAL CHARITY - FUNDS HELD ON TRUST The Trust receives donations, grants and legacies from patients and other members of the public. The funds which amounted to £172k at 31 March 2024 are used for purposes relating to the NHS. ## **Background** Upon establishment as an NHS Trust, West Midlands Ambulance Service NHS Trust became entitled to a proportion of the General Donated Funds of West Midlands Regional Health Authority. These funds were transferred to the Trusteeship of West Midlands Ambulance Service NHS Trust (WMAS) by Statutory Instrument No: 2434 coming into force on 13 October 1995. The value of funds transferred was £101,000. The fund was registered with the Charity Commission by Deed of Trust dated 13 September 1996. ## **Establishment** The registered number of the Charity is 1058359. The Charity Corporate Trustee is West Midlands Ambulance Service University NHS Foundation Trust and as such the Trust’s Executive and Non-Executive Directors are Trustees of the Charity. Its Directors are: - |||_Appointed:_| |---|---|---| |_Professor I Cumming_|_Chair_|_1 April 2020_| |Mrs W Farrington-Chadd|_Non-Executive Director_|_26 January 2017 to_| |||_31 January 2024_| |_Mrs N Kaur Kooner_|_Non-Executive Director_|_5 November 2018_| |_Mr M Khan_|_Non-Executive Director_|_1 October 2019_| |_Mr M Fessal_|_Non-Executive Director_|_1 January 2021_| |_Professor A Hopkins_|_Non-Executive Director_|_1 April 2023_| |_Mrs J Jasper_|_Non-Executive Director_|_13 October 2022_| |_Ms S Banks_|_Non-Executive Director_|_1 April 2024_| |_Professor A Marsh_|_Chief Executive_|_1 January 2013_| |_Dr A Walker_|_Medical Director_|_1 December 2019_| |_Mr M Docherty_|_Director of Nursing, Quality and_|_17 November 2014 to_| ||_Clinical Commissioning_|_31 December 2023_| |_Mrs C Eyre_|_Director of Nursing_|_21 August 2023_| |_Mrs K Rutter_|_Director of Finance_|_1 May 2023_| |_Dr R Steyn_
|_Interim Medical Director_|_1 June 2023_| |_Mrs C Beechey_
|_Director of People_|_1 December 2023_| |_Mr N Hudson_|_Director of Performance and_|_1 August 2023_| ||_Improvement_|| |_Mr P Jarvis_
|_Interim Director of Finance_|_15 August 2022 to 30_| |||_April 2023_| The policy and procedure for the induction of Board members is linked to the Trust’s Organisational Development Programme. All Trustees are provided with a Trustee and Governor Development Plan at induction, the contents of which are reviewed by the Trustee and Governor Development Group. 2 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2023-24 GENERAL CHARITY - FUNDS HELD ON TRUST ## **Objectives, activities and achievements** As in previous years, the availability of funds has enabled the service to improve facilities for staff at several sites, to provide recreational amenities such as audio visual and computing equipment and provide assistance towards the cost of sporting activities which staff undertake in their own time. The funds also allow staff to apply for support to pursue study interests which promote individual development consistent with the aims and objectives of the Service as a whole. Both managers and staff wish to record the appreciation which is due to members of the public whose support enables the Service to enhance the level of facilities it is able to provide from other sources of income. The trustees confirm that they have referred to the guidance contained in the Charity Commissions guidance on public benefit when reviewing the Trust’s aims and objectives. ## **Investment Policy** Surplus funds that are available over that required to meet any immediate needs of the Charity are invested to earn interest. Funds for the longer term are invested with advice of the investment managers ensuring a diversification of investment equity and non-equity to reduce risk while preserving capital value and producing return consistent with prudent investment. We rely upon our investment advisers CCLA Investment Management Ltd for an ethical investment policy. ## **Reserves Policy** The charity does not intend to create or retain significant reserves. There are no significant ongoing commitments which require the retention of specific funds. Delay between receipts and identification of suitable purposes has resulted in some accumulation of reserves. ## **Risk Management** The Trustees have reviewed the risks facing the Charity and concluding that it has no operational areas so no risk exists in that respect. There is a risk that the value of investments held will fluctuate. The Charity’s investments are regularly reviewed for their performance and returns. Financial reserves are invested in order to achieve a balanced spread of risk in consultation with investment advisors. 3 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2023-24 GENERAL CHARITY - FUNDS HELD ON TRUST ## **Financial Performance and Summary** These accounts have been prepared on a receipts and payments basis in accordance with the Charity Commission publication CC16 **----- Start of picture text -----**
Summary of Income & Expenditure 2023-24 2022-23
£000 £000
**----- End of picture text -----**
|**Summary of Income & Expenditure**
**2023-24**
**£000**
**2022-23**
**£000**|**Summary of Income & Expenditure**
**2023-24**
**£000**
**2022-23**
**£000**|**Summary of Income & Expenditure**
**2023-24**
**£000**
**2022-23**
**£000**| |---|---|---| |Total Income
Total Expenditure
Net
incoming/(outgoing)
before
transfers
Cash fund balances at 1 April
**Cash fund balances at 31 March**|74
(122)
(48)
220
**172**|234
(618)
(384)
604
**220**| **----- Start of picture text -----**
Statement of Assets & Liabilities 31 March 31 March
2024 2023
£000 £000
**----- End of picture text -----**
|**Statement of Assets & Liabilities**
**31 March**
**2024**
**£000**
**31 March**
**2023**
**£000**|**Statement of Assets & Liabilities**
**31 March**
**2024**
**£000**
**31 March**
**2023**
**£000**|**Statement of Assets & Liabilities**
**31 March**
**2024**
**£000**
**31 March**
**2023**
**£000**| |---|---|---| |||| |Cash funds
Investment Assets
Liabilities|172
4
(51)|220
4
(95)| The above is a summary of the main statutory financial statements which have been subject to independent examination. Anyone wishing to receive a full set of these accounts should apply to: Mrs K Rutter, Director of Finance West Midlands Ambulance Service University NHS Foundation Trust Millennium Point Waterfront Business Park Waterfront Way Brierley Hill West Midlands DY5 1LX 4 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 The accounts of the West Midlands Ambulance Service NHS Trust General Charity. ## **FOREWORD** These accounts have been prepared on a receipts and payments basis and in accordance with the requirements of the Charities Act 2011. ## **STATUTORY BACKGROUND** The West Midlands Ambulance Service NHS Trust General Charity are registered with the Charity Commission (Charity Registration Number 1058359). ## **MAIN PURPOSE OF THE FUNDS HELD ON TRUST** The main purpose of the Charitable Funds Held on Trust is to apply income for any charitable purpose relating to the National Health Service wholly or mainly for the services provided by West Midlands Ambulance Service NHS Trust. Signed by: on behalf of the Trustees on the 30 October 2024 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 ## **Statement of trustees' responsibilities** The Trustees are responsible for:  keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the funds held on trust and to enable them to ensure that the accounts comply with requirements in the Charities Act 2011;  establishing and monitoring a system of internal control; and  establishing arrangements for the prevention and detection of fraud and corruption. The trustees are required under the Charities Act 2011 to prepare accounts for each financial year. In preparing those accounts, the trustees are required to: - apply on a consistent basis accounting policies; - make judgements and estimates which are reasonable and prudent; and  state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts. 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 on pages 3 to 12 attached have been compiled from and are in accordance with the financial records maintained by the Trustee. By Order of the Trustee Signed: Trustee ........................................................................ Date 30.10.24 Trustee ..................................................................... Date 30.10.24 Page 1 ## **Independent Examiner's Report to the Trustees of West Midlands Ambulance Service General Charity** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity’s 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 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 2011 Act; or 2. the accounts do not accord with those records; or 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. Jane Swann BA(Hons) BFP FCA Azets 1[st] Floor, St David’s Court Union Street Wolverhampton WV1 3JE United Kingdom Dated: 13 November 2024 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 ## **Income and Expenditure for the year ended 31 March 2024** |Note Unrestricted
Funds
£000
**Income**
Donations & Grants
3
13
Legacies
3
33
Investment Income
8.3
9
**Total Income**
**55**
**Expenditure**
Staff Welfare
4
2
Patients Welfare and amenities
4
0
Governance costs
4.1
10
**Total expenditure**
**12**
**Net income/(expenditure)**
**43**
Cash funds brought forward
88
**Cash funds carried forward**
**131**|Restricted
Funds
£000
19
0
0
**19**
77
33
0
**110**
**(91)**
132
**41**|**2023-24**
**Total**
**Funds**
**£000**
**32**
**33**
**9**
**74**
**79**
**33**
**10**
**122**
**(48)**
**220**
**172**|2022-23
Total
Funds
£000
223
7
4
234
101
506
11
**618**
(384)
604
**220**| |---|---|---|---| The notes at pages 5 to 12 form part of these accounts. Page 3 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 ## **Statement of Assets & Liabilities as at 31 March 2024** ||Note|Unrestricted|Restricted|**Total at 31**|Total at 31| |---|---|---|---|---|---| |||Funds|Funds|**March 2024**|March 2023| |||£000|£000|**£000**|£000| |**Cash funds**|||||| |Cash at bank and in hand|10|131|41|**172**|220| |**Investment Assets**|||||| |Investments|8|4|0|**4**|4| |**Liabilities**|||||| |Other creditors|11|49|2|**51**|95| The notes at pages 5 to 12 form part of these accounts. Signed: Date: 30.10.24 Page 4 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 ## **Notes to the Accounts** ## **1 Accounting Policies** ## **1.1 Accounting Convention** The financial statements have been prepared on a receipts and payments basis in accordance with the Charity Commission CC16 ## **1.2 Structure of Funds** Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified as a _restricted income fund_ where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. Those funds which are not restricted income funds, are _unrestricted income funds_ which are sub analysed between _designated (earmarked) funds_ where the donor has made known their non binding wishes or where the trustees, at their discretion, have created a specific fund for a specific purpose, and _wholly unrestricted funds_ which are wholly at the trustees’ unfettered discretion. The major funds held in each of these categories are disclosed in note 12 Page 5 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 ## **1.3 Allocation of Overhead and Support Costs** Overhead and support costs have been allocated as a direct cost or apportioned on an appropriate basis between Charitable and Governance Costs. Costs which are not wholly attributable to an expenditure type have been apportioned. The analysis of overhead and support costs and the basis of allocation is shown in note 4. ## a) Costs of Charitable Activities comprise all expenditure identified as wholly or mainly incurred in the pursuit of the charitable objects of the Charity. These costs are direct costs together with an apportionment of overhead and support costs as shown in the second stage allocation disclosed in note 4. Governance Costs comprise all costs identifiable as wholly or mainly attributable to ensuring the public accountability of the Charity and its compliance with regulation and good practice. These b) costs include costs related to independent examination together with an apportionment of overhead and support costs. ## **1.4 Fixed Asset Investments** The Common Investment Funds Units are included in the Statement of Assets and Liabilities at the closing dealing price at 31st March 2024. In line with the receipts and payments basis of preparation, the net gains and losses arising on revaluation throughout the year are not reflected in the accounts, only the sale and purchase of such assets. Page 6 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 ## **1.5 Pooling Scheme** The Charity does not operate a pooling scheme. ## **2 Related party transactions** During the year none of the Trustees, as listed below, or members of the key management staff or parties related to them has undertaken any material transactions with the West Midlands Ambulance Service NHS Trust General Charity. Professor A C Marsh, Chief Executive Professor I Cumming, Chair Mr P Jarvis, Interim Director of Finance Mrs W Farrington-Chadd, Non-Executive Director (until 30 April 2023) (until 31 January 2024) Mrs K Rutter, Director of Finance Mrs N Kaur Kooner, Non-Executive Director (from 1 May 2023) Mr M Khan, Non-Executive Director Mr M Docherty, Director of Nursing, Quality Mr M Fessal, Non-Executive Director & Clinical Commissioning (until 31 December 2023) Mrs J Jasper, Non-Executive Director Dr A Walker, Medical Director Professor A Hopkins, Non-Executive Director Mrs C Eyre, Director of Nursing (from 1 April 2023) (from 21 August 2023) Ms S Banks, Non-Executive Director Dr R Steyn, Interim Medical Director (from 1 April 2024) (from 1 June 2023) Mrs C Beechey, Director of People (from 1 December 2023) Mr N Hudson, Director of Performance and Improvement (from 1 August 2023) The Charitable Trust has expenditure from the West Midlands Ambulance Service University NHS Foundation Trust where the Trustee (whose names are listed above) are also members of the Trust Board of the Corporate Trustee. Expenditure from West Midlands Ambulance Service University NHS Foundation Trust: |Staff Welfare costs
Support staff costs
Patient Welfare costs|2023-24 2022-23
'£000 £'000
74 95
8 8
33 506
115 609| |---|---| As at 31 March 2024, the Charity owed West Midlands Ambulance Service NHS Trust £8k (£46k March 2023). Page 7 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 |**3**
**4**
**4.1**|**Analysis of Income**
Unrestricted
Funds
£000
Donations from individuals
13
Grants from NHS Charities Together
0
**Total Donations & Grants**
**13**
Legacies
33
Investment Income
9
**Total Voluntary Income**
**55**
**Analysis of Expenditure**
Grant funded
Activity
£000
Staff Welfare
79
Patients Welfare and Amenities
33
Governance costs
0
**112**
**Governance Costs**
**Total**
**Allocate to**
**2023-24 Governance**
**£000**
**£000**
Staff Welfare
8
8
Patients Welfare and Amenities
0
0
Independent Examiner
2
2
**10**
**10**|Restricted
Funds
£000
0
19
**19**
0
0
**19**
Support
Costs
£000
0
0
10
**10**
**Residual to**
**Apportion**
**£000**
0
0
0
**0**|**Total**
Total
**2023-24**
2022-23
**£000**
£000
**13**
27
**19**
196
**32**
**223**
**33**
7
**9**
4
**74**
**234**
**Total**
Total
**2023-24**
2022-23
**£000**
£000
**79**
101
**33**
506
**10**
11
**122**
618
**Basis of Allocation**
Allocated on time
Allocated on time
Governance| |---|---|---|---| ## **5 Grants paid to individuals** There have been no grants made to individuals during the year 2023/24 or during the year 2022/23 ## **6 Analysis of Staff Costs** No staff are directly employed by the Charity (2022/23 nil) Costs of support staff, of £7,497, are included in the figure for support costs detailed in note 4. (2023: £7,630) Support staff are provided by West Midlands Ambulance Service, the Corporate Trustee, in a financial and administrative role. The charge is based on the number of staff hours worked to provide the service. ## **7 Independent Examiners Remuneration** The independent examiners remuneration/accountancy fees of £1,740 related solely to independent examination work. (2023: £1,560 independent examination and £1,140 accounts preparation).The Charity did not commission any additional work from the accountant in the current year. Page 8 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 |**8**
**8.1**
**8.2**|**Analysis of Fixed Asset Investments**
**Movements during the year**
Market value at start of year
Less: Disposals at carrying value
Add: Acquisitions at cost
Net gain on revaluation
Market value at end of year
Historic cost at year end
**Market value at 31 March 2024**
Units
Investments in Common Deposit
or Common Investment Fund
COIF Equity Fund
0
COIF Deposit Fund|Cost
£
0
0
0|Held
in UK
£000
0
4
4|**2023-24**
**£000**
**4**
**0**
**0**
**0**
**4**
**4**
**2023-24**
**Total**
**£000**
**0**
**4**
**4**|2022-23
£000
4
0
0
0
4
4
2022-23
Total
£000
0
4
4| |---|---|---|---|---|---| It is the policy of the Charity to invest in Common Investment Funds designed specifically for charities which ensures a balanced portfolio and minimises risk. There are no direct investments made outside of the UK by the Charity. Both common investment fund holdings are material and are disclosed. |**8.3**
**Total gross income from**
**Investments**
Fixed Asset Investments
Interest from business current account
Cash held in High Interest Bearing Account|Held
**2023-24**
in UK
**Total**
£000
**£000**
0
**0**
9
**9**
0
**0**
9
**9**|2022-23
Total
£000
0
4
0
4| |---|---|---| Page 9 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 **----- Start of picture text -----**
9 Analysis of Current Assets
Debtors: 2023-24 2022-23
Total Total
9.1 Amounts falling due within one year: £000 £000
Other debtors 0 0
Total debtors falling due within one year 0 0
9.1 Amounts falling due after more than one year:
Total debtors falling due after more than one year 0 0
Total debtors 0 0
10 Analysis of cash and deposits 2023-24 2022-23
Total Total
£000 £000
Royal Bank of Scotland 172 220
Lloyds TSB Business Account 0 0
Natwest Business Account 0 0
172 220
11 Liabilities 2023-24 2022-23
11.1 Amounts falling due within one year: £000 £000
Other creditors 51 95
Total creditors falling due within one year 51 95
Other creditors relate to staff welfare and support costs incurred by West Midlands
Ambulance Service University NHS Foundation Trust, for which the Charity has yet to reimburse
the Trust at 31st March 2024.
11.2 Amounts falling due after more than one year:
Total creditors falling due after more than one year 0 0
Total liabilites 51 95
**----- End of picture text -----**
Page 10 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 **12 Analysis of Charitable Funds** |**12.1**
**Restricted Funds**
NHS Charities Covid 19
NHS Charities Second Wave
NHS Charities Starbucks
NHS Charities Stage 3
NHS Charities Stage 2
Warwick Masonic Bleed Kits
Total|Balance
Incoming Resources Transfers Gains and
**Balance**
31 March Resources
Expended
Losses
**31 March**
2022-23
**2023-24**
£000
£000
£000
£000
£000
**£000**
16
0
(9)
0
0
**7**
0
0
0
0
0
**0**
0
0
0
0
0
**0**
79
19
(69)
0
0
**29**
27
0
(27)
0
0
**0**
10
0
(5)
0
0
**5**
132
19
(110)
0
0
**41**| |---|---| NHS Charities funding relates to grants made by NHS Charities Together to the charity. NHS Charities Covid 19 are funds to be used to support the well being of NHS staff, volunteers and patients. NHS Charities Second wave are funds to be used to support the health and well being of staff, volunteers and patients affected by the second wave of Covid-19. NHS Charities Starbucks are funds to be used to contribute towards physical and/or mental well being of staff and volunteers. NHS Charities Stage 3 are funds to be used to support the long recovery of the NHS from Covid 19. NHS Charities Stage 2 are funds to be used to support the effective partnerships between the NHS and its community partners. Warwick masonic bleed kits relates to funding to fund bleed control kits. |**12.2**
**Unrestricted and Designated**
**(Earmarked) Funds**
Staff & Patient Welfare Fund
C&W Panda lance fund
C&W First responder Fund
Staffordshire CFR Scheme
Staffordshire CPO scheme|Balance
Incoming Resources Transfers Gains and
**Balance**
31 March Resources
Expended
Losses
**31 March**
2022-23
**2023-24**
£000
£000
£000
£000
£000
**£000**
72
55
(12)
0
0
**115**
0
0
0
0
0
**0**
15
0
0
0
0
**15**
0
0
0
0
0
**0**
1
0
0
0
0
**1**| |---|---| ||88
55
(12)
0
0
**131**| The C&W First Responder Fund relates to donations made, via the WMAS Charitable fund, to the Community First Responder funds in the Coventry and Warwickshire area, the funds will be used to assist in the running of the community schemes on request from the Community Response Manager for the Coventry and Warwickshire area The Staffs CPO Fund relates to donations made, via the WMAS Charitable fund, to the Community First Responder funds in the Staffordshire area, the funds will be used to assist in the running of the community schemes on request from the Community Response Manager for the Staffordshire area. Page 11 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2023-24 ## **15 Trustee and connected persons transactions** ## **15.1 Trustee expenses reimbursed** No payment of expenses have been paid to Trustees in the year 2023/24 or in the year 2022/23. ## **15.2 Trustee remuneration** No payment of remuneration has been paid to Trustees in the year 2023/24 or in the year 2022/23 ## **15.3 Details of transactions with Trustees or connected persons** There have been no transactions with Trustees or connected persons in the year 2023/24 or the year 2022/23. ## **15.4 Trustee indemnity insurance** There have been no costs of indemnity insurance included in the accounts for the year 2023/24 or the year 2022/23. ## **16 Connected organisations** **----- Start of picture text -----**
Name, nature of connection, 2023-24 2022-23
description of activities Turnover of Net Profit/ Turnover of Net Profit/
undertaken and details Connected (Loss) for the Connected (Loss) for the
of any qualifications Organisation Connected Organisation Connected
expressed by their auditors Organisation Organisation
£000 £000 £000 £000
WEST MIDLANDS AMBULANCE
SERVICE UNIVERSITY NHS
FOUNDATION TRUST 414,308 2,068 432,463 24
CORPORATE TRUSTEES
**----- End of picture text -----**
Page 12 .