WEST MIDLANDS AMBULANCE SERVICE NHS TRUST ANNUAL ACCOUNTS 2024-25 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**|**National Westminster Bank Plc**| ||**Government Bnkg Serv Branch**| ||**EC2M 4AA**| |**Investment**|**C.C.L.A. Investment Management Ltd.**| |**Managers**|**1 Angel Lane**| ||**London**| ||**EC4R 3AB**| |**Legal**|**Mills and Reeve**| |**Advisors**|**54 Hagley Road**| ||**Edgbaston**| ||**BIRMINGHAM**| ||**B16 8PE**| ## **TRUSTEES ANNUAL REPORT for the year ending 31 March 2025** ## **Introduction** The Trustees present their Annual Report and Financial Statements of the Trust for the year ended 31[st] March 2025. 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 2024-25 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 £142k at 31 March 2025 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_| |_Mr S Nat_|_Non-Executive Director_|_5 November 2024_| |_Mrs N Kaur Kooner_|_Non-Executive Director_|_5 November 2018 to_| |||_4 November 2024_| |_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 to_| |||_30 November 2024_| |_Mrs C Eyre_|_Director of Nursing_|_21 August 2023_| |_Mrs K Rutter_|_Director of Finance_|_1 May 2023_| |_Dr R Steyn_|_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_|| 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 2024-25 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 2024-25 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 2024-25 2023-24
£000 £000
**----- End of picture text -----**
|**Summary of Income & Expenditure**
**2024-25**
**£000**
**2023-24**
**£000**|**Summary of Income & Expenditure**
**2024-25**
**£000**
**2023-24**
**£000**|**Summary of Income & Expenditure**
**2024-25**
**£000**
**2023-24**
**£000**| |---|---|---| |Total Income
Total Expenditure
Net
incoming/(outgoing)
before
transfers
Cash fund balances at 1 April
**Cash fund balances at 31 March**|46
(76)
(30)
172
**142**|74
(122)
(48)
220
**172**| **----- Start of picture text -----**
Statement of Assets & Liabilities 31 March 31 March
2025 2024
£000 £000
**----- End of picture text -----**
|**Statement of Assets & Liabilities**
**31 March**
**2025**
**£000**
**31 March**
**2024**
**£000**|**Statement of Assets & Liabilities**
**31 March**
**2025**
**£000**
**31 March**
**2024**
**£000**|**Statement of Assets & Liabilities**
**31 March**
**2025**
**£000**
**31 March**
**2024**
**£000**| |---|---|---| |||| |Cash funds
Investment Assets
Liabilities|142
4
(68)|172
4
(51)| 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 2024-25 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 26 November 2025 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2024-25 ## **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 26 November 2025 Trustee ..................................................................... Date 26 November 2025 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 a¢)￿nts of Ihe d￿ritY forthe year ended 31 March 2025. Responsibilities and basis of report As the thanvs Injstees you are responsible fr￿ the PEparation of ts acI￿nts in a￿)rdan￿ with the r￿Uirements ofthe Charib'es Act 2011 Cthe Act'l. I report in restxl of my examinalion of Ihe tharivs ￿)￿nts (zried Und￿ seclion 145 of the Ad and in carying my examination I have folh)wed all the appliCa￿e Directic￿S given by the Chartty CoMmi￿10n under ￿tiOn 145(5)(b) ofthe Ac Independent examinerfs statement I have o)mpleled my examination. I confim Ihat no material matt￿S have txyrE to my attention in (Thn&*on wilh the examination gwing me use to believe that in any material resp￿.. aC￿)untIng records were not kept in reswx of ￿ chanty as requi￿1 by secti(￿ 130 Of￿ 2011 Act,. or the accounts do not axord wtth those records.. or I have no COn￿M$ and have come acxoss no other matters in ¢xJnnec*on VAth Ihe eK9mination to whith attention shoukl be dTrwn in this reFYJrt in order to enable a proper understanding ofthe aCc￿nts to te reathed. Helen Tinsty FCCA Azets 1st Floor, St David's Court Union Street W0￿erhampt0n 11 IiE United Kingdom Daled.. ..3r.d.D.e.c.e.mb.e.r.2025 Page 2 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2024-25 ## **Income and Expenditure for the year ended 31 March 2025** |Note Unrestricted
Funds
£000
**Income**
Donations & Grants
3
28
Legacies
3
10
Investment Income
8.3
8
**Total Income**
**46**
**Expenditure**
Staff Welfare
4
34
Patients Welfare and amenities
4
0
Governance costs
4.1
12
**Total expenditure**
**46**
**Net income/(expenditure)**
**0**
Cash funds brought forward
131
**Cash funds carried forward**
**131**|Restricted
Funds
£000
0
0
0
**0**
25
5
0
**30**
**(30)**
41
**11**|**2024-25**
**Total**
**Funds**
**£000**
**28**
**10**
**8**
**46**
**59**
**5**
**12**
**76**
**(30)**
**172**
**142**|2023-24
Total
Funds
£000
32
33
9
74
79
33
10
**122**
(48)
220
**172**| |---|---|---|---| The notes at pages 5 to 12 form part of these accounts. Page 3 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2024-25 ## **Statement of Assets & Liabilities as at 31 March 2025** ||Note|Unrestricted|Restricted|**Total at 31**|Total at 31| |---|---|---|---|---|---| |||Funds|Funds|**March 2025**|March 2024| |||£000|£000|**£000**|£000| |**Cash funds**|||||| |Cash at bank and in hand|10|131|11|**142**|172| |**Investment Assets**|||||| |Investments|8|4|0|**4**|4| |**Liabilities**|||||| |Other creditors|11|68|0|**68**|51| The notes at pages 5 to 12 form part of these accounts. Signed: Date: 26 November 2025 Page 4 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2024-25 ## **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 2024-25 ## **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 2025. 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 2024-25 ## **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 Mrs K Rutter, Director of Finance Dr A Walker, Medical Director (until 30 November 2024) (until 4 November 2024) Mrs C Eyre, Director of Nursing Dr R Steyn, Interim Medical Director Mrs C Beechey, Director of People Mr N Hudson, Director of Performance and Improvement Mrs N Kaur Kooner, Non-Executive Director (until 4 November 2024) Mr M Khan, Non-Executive Director Mr M Fessal, Non-Executive Director Mrs J Jasper, Non-Executive Director Professor A Hopkins, Non-Executive Director Ms S Banks, Non-Executive Director Mr S Nat, Non Executive Director (from 5 November 2024) 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|2024-25
2023-24
'£000
£'000
57 74
8 8
5 33
70
115| |---|---| As at 31 March 2025, the Charity owed West Midlands Ambulance Service NHS Trust £10k (£8k March 2024). Page 7 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2024-25 |**3**
**Analysis of Income**
Donations from individuals
Grants from NHS Charities Together
**Total Donations & Grants**
Legacies
Investment Income
**Total Voluntary Income**|Unrestricted
Funds
£000
28
0
**28**
10
8
**46**|Restricted
Funds
£000
0
0
**0**
0
0
**0**|**Total**
**2024-25**
**£000**
**28**
**0**
**28**
**10**
**8**
**46**|Total
2023-24
£000
13
19
**32**
33
9
**74**| |---|---|---|---|---| ## **4 Analysis of Expenditure** |Grant funded
Activity
£000
Staff Welfare
59
Patients Welfare and Amenities
5
Governance costs
0
**64**|Support
Costs
£000
0
0
12
**12**|**Total**
**2024-25**
**£000**
**59**
**5**
**12**
**76**|Total
2023-24
£000
79
33
10
122| |---|---|---|---| |**4.1**
**Governance Costs**
**Total**
**Allocate to**
**2024-25 Governance**
**£000**
**£000**
Staff Welfare
10
10
Patients Welfare and Amenities
0
0
Independent Examiner
2
2
**12**
**12**|**Residual to**
**Apportion**
**Basis of Allocation**
**£000**
0
Allocated on time
0
Allocated on time
0
Governance
**0**| |---|---| ## **5 Grants paid to individuals** There have been no grants made to individuals during the year 2024/25 or during the year 2023/24 ## **6 Analysis of Staff Costs** No staff are directly employed by the Charity (2023/24 nil) Costs of support staff, of £7,984, are included in the figure for support costs detailed in note 4. (2024: £7,497) 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 £1,872 related solely to independent examination work. (2024: £1,740 independent examination).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 2024-25 |**8**
**8.1**
**8.2**
**8.3**|**Analysis of Fixed Asset Investments**
**2024-25**
2023-24
**Movements during the year**
**£000**
£000
Market value at start of year
**4**
4
Less: Disposals at carrying value
**0**
0
Add: Acquisitions at cost
**0**
0
Net gain on revaluation
**0**
0
Market value at end of year
**4**
4
Historic cost at year end
**4**
4
**Market value at 31 March 2025**
Held
**2024-25**
2023-24
Cost
in UK
**Total**
Total
Units
£
£000
**£000**
£000
Investments in Common Deposit
or Common Investment Fund
COIF Equity Fund
0
0
0
**0**
0
COIF Deposit Fund
0
4
**4**
4
0
4
**4**
4
**Total gross income from**
Held
**2024-25**
2023-24
**Investments**
in UK
**Total**
Total
£000
**£000**
£000
Fixed Asset Investments
0
**0**
0
Interest from business current account
8
**8**
9
Cash held in High Interest Bearing Account
0
**0**
0
8
**8**
9
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.|Cost
£
0
0
0|Held
in UK
£000
0
4
4|**2024-25**
**£000**
**4**
**0**
**0**
**0**
**4**
**4**
**2024-25**
**Total**
**£000**
**0**
**4**
**4**|2023-24
£000
4
0
0
0
4
4
2023-24
Total
£000
0
4
4| |---|---|---|---|---|---| ||||Held
**2024-25**
in UK
**Total**
£000
**£000**
0
**0**
8
**8**
0
**0**
8
**8**||2023-24
Total
£000
0
9
0
9| Page 9 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2024-25 **----- Start of picture text -----**
9 Analysis of Current Assets
Debtors: 2024-25 2023-24
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 2024-25 2023-24
Total Total
£000 £000
National Westminster Bank 142 172
Lloyds TSB Business Account 0 0
Natwest Business Account 0 0
142 172
11 Liabilities 2024-25 2023-24
11.1 Amounts falling due within one year: £000 £000
Other creditors 68 51
Total creditors falling due within one year 68 51
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 2025.
11.2 Amounts falling due after more than one year:
Total creditors falling due after more than one year 0 0
Total liabilites 68 51
**----- End of picture text -----**
Page 10 WEST MIDLANDS AMBULANCE SERVICE NHS TRUST GENERAL CHARITY 2024-25 ## **12 Analysis of Charitable Funds** |**12.1**
**Restricted Funds**
NHS Charities Covid 19
NHS Charities Stage 3
Warwick Masonic Bleed Kits
Total|Balance
Incoming Resources Transfers Gains and
**Balance**
31 March Resources
Expended
Losses
**31 March**
2023-24
**2024-25**
£000
£000
£000
£000
£000
**£000**
7
0
0
0
0
**7**
29
0
(25)
0
0
**4**
5
0
(5)
0
0
**0**
41
0
(30)
0
0
**11**| |---|---| 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 Stage 3 are funds to be used to support the long recovery of the NHS from Covid 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 First responder Fund
Staffordshire CPO scheme|Balance
Incoming Resources Transfers Gains and
**Balance**
31 March Resources
Expended
Losses
**31 March**
2023-24
**2024-25**
£000
£000
£000
£000
£000
**£000**
115
46
(46)
0
0
**115**
15
0
0
0
0
**15**
1
0
0
0
0
**1**| |---|---| ||131
46
(46)
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 2024-25 ## **15 Trustee and connected persons transactions** ## **15.1 Trustee expenses reimbursed** No payment of expenses have been paid to Trustees in the year 2024/25 or in the year 2023/24. ## **15.2 Trustee remuneration** No payment of remuneration has been paid to Trustees in the year 2024/25 or in the year 2023/24 ## **15.3 Details of transactions with Trustees or connected persons** There have been no transactions with Trustees or connected persons in the year 2024/25 or the year 2023/24. ## **15.4 Trustee indemnity insurance** There have been no costs of indemnity insurance included in the accounts for the year 2024/25 or the year 2023/24. ## **16 Connected organisations** **----- Start of picture text -----**
Name, nature of connection, 2024-25 2023-24
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 456,599 10 414,308 2,068
CORPORATE TRUSTEES
**----- End of picture text -----**
Page 12 .