OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

i/ /1 King George and Queen's Hospitals Charity Annual Report and Accounts 2023 - 2024 Que*nb Charity Numba¥: 1059455

2

List of Contents Page

Administrative Details 2
The Charity Team 3
Reflections from the Chair
 4
A Word from the Head of Fundraising 4
Charity Objectives & Activities 5
Achievements & Events this year
 6-11
Special Thanks 12
Public Benefit Statement 13
Structure, Governance and Management 13
Recruitment of Committee Members, Board
Membership & Charitable Committee Membership 13-15
Financial Review 15-16
Index for the Annual Accounts Page
o
Statement of Trustee responsibilities		 17
o
Independent auditor’s report to the Trustees		 18-21
o
Statement of Financial Activities for the year ending 31.03.24		 22
o
Balance Sheet as at 31.03.24
 23
o
Statement of cash flows for the year ending 31.03.24
 23
o
Notes to the Accounts
 24-33
o
Glossary of terms
 34

The full contents of this report including the annual accounts form the Trustees’ Annual report.

Administrative details

Office address:

Registered address: King George & Queen’s Hospitals Charity Queen’s Hospital Rom Valley Way Romford RM7 0AG 01708 435000 x 4261

King George & Queen’s Hospitals Charity 210 South Street 01708 435000 x 4261

The Charity’s registered name is Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund however it goes by the working title King George & Queen’s Hospitals Charity .

The Charity is registered in England and Wales under the registration number 1059455.

Bankers:

Investment Managers:

Cazenove Capital 1 London Wall Place London EC2Y 5AU

Barclays Bank plc Romford Group 9 Leicester LE87 2BB

External Auditors:

Johnsons, Chartered Accountants Ground Floor 1-2 Craven Road London W5 2UA

3

The Charity Team

** From November 2023

4

Reflections from the Chair

It gives me immense pleasure to present our 2023/24 annual report. Preparing the accounts and annual report always offers an opportunity to step back, reflect and take stock of all the amazing achievements of the past fiscal year.

I stepped in to steer the charity through the year as we wished a fond farewell to our Committee Chair, George Wood. George’s loyal service and support for more than seven years has seen the Charity through difficult periods such as the pandemic and economic crisis. His advice, seasoned experience, and support during such challenges will always be remembered with gratitude, and he will be truly missed.

After collaborating closely with the fundraising team, I have seen firsthand how professional they are, and how so much energy, creativity, and commitment goes into planning events and challenges that are both inclusive and inviting to our community.

Legacies are not something we can plan for, but this year we were truly fortunate to receive a generous legacy from a grateful patient. Due to this legacy and the grants received from NHS Charities Together we have been able to achieve above the expected forecast which seemed unlikely at the beginning of the year. This funding has enabled us to purchase décor and soft furnishings for waiting areas, a muchappreciated wellbeing therapy room for staff, slide transfer equipment for our Neuro Ward, and a Spy Phi scanner for the Breast Unit which are just a small sample of our many fundraising projects across the year.

Lastly, as Chair I would like to thank our fundraising team for their resilience in the face of difficult pressures, boldly producing amazing and professional events including the wildly colourful Latino Fiesta Charity Ball, and one of the most entertaining quiz nights I have ever attended. I want to thank our volunteers and ambassadors for their unwavering support and gift of time, our corporate sponsors for their generosity, and every donor that contributed in any way to our cause.

Together you have all been part of making our hospitals even better.

Sue Lees Committee Chair

Reflections from the Head of Fundraising

Over the year as well as funding innovative pieces of clinical equipment, we have continued our NHS Charities Together Techno Vols project bringing digital experience and learning through (RITA) a system of Reminiscence Integrated Therapy Activities to our most vulnerable patients. Busy hospitals can be lonely places for our elderly readjusting after a long spell in hospital. Working closely with our integrated therapy teams we have helped plan and fund group picnic sessions, which assists preparation for discharge and makes independence more fun. These groups

encourage communication and a sense of comradery between patients supporting their rehabilitation. Our therapists and clinical teams have reported inspirational outcomes from these sessions.

We delivered various successful events over the year including a Zip Wire Challenge, Murder Mystery, Quiz night, Reindeer Run, and our annual charity ball which saw 370 guests including staff, grateful patients, and supporters on the dancefloor partying until the early hours.

This year part of our action plan was to increase promotion for our charity. With the help of a development grant from NHS Charities Together, we took the opportunity to create our own stand-alone website. This has meant a great deal of work, but time well spent as this will help us spread news of our achievements and promote our events in the future. The grant also allowed us to highlight our charity through local radio. Overall, it has been a year of profound change, but also a year filled with fabulous opportunities. Thank you to all who have supported us on our journey.

Lynda Head Head of Fundraising

5

Charity Objectives & Activities

King George & Queen’s Hospitals Charity is a local NHS Charity supporting two local hospitals: King George Hospital in Ilford and Queen’s Hospital in Romford. Our focus is clear – we work alongside and in support of Barking, Havering & Redbridge University Hospitals NHS Trust (BHRUT) and the Trust’s staff and clinical teams to make our hospitals even better for our patients and their families.

Our Charity does not subsidise the core responsibilities of the NHS, but we enhance the essential services provided by them to make the hospital journey the best it can be for everyone.

Our charitable activities and expenditure fall into four key categories:

This Year’s Objectives & Achievements

Our objectives this year were to

This year we have

As part of our fundraising approach, we actively create events, challenges, and campaigns to encourage our community to raise funds. We are also the custodians of all voluntary donations and charity investments.

As a community based Charity, we go the extra mile to build a rapport with our supporters. Our care for our supporters allows us to ensure that we protect vulnerable individuals and during the year we have not received a single complaint on our fundraising practice.

The following pages include more detail on the money spent towards supporting our patients, staff and the aims of BHRUT.

For more wonderful stories on all the things we have achieved during the year and beyond, please visit our website our check out our social media pages.

We listen to the feedback and innovations of our patients and staff to help turn these ideas into reality. Above all, we are committed to spending our supporter donations wisely to go above and beyond in our hospitals.

Our year in numbers... Over 50k Over £370k in legacies spent on technology £1.1 million raised from donations and investments £65k Over 9,000 raised from events staff (vrte) are able to benefit 400+ hours £10,000 donated by volunteers raised from our retail stalls

Enhancing the hospital environment for children £8,506.96 spent on toys, arts and crafts Spending time in hospital can be 8 daunting and worrying experience, especially for our youngest patients. We're hore to help patlents at our hospitals feel more comfortable durlng thelr time here. by providing more welcoming surroundings. and funding projects to support their dlagnosis and treatment. 11 Amazon Flre tablets were provided for children in neurophysiology. Thesa devices are intended for use by our paediatric patients during their tests. They can offer a much-needed distraction and provide a source of entertainment durlng what can be a stressful and challenging lime. ro ucin9 ' ourney: c ren an ami ies can now visit our hospitals through their phone The 'Llttle Joum8* ap￿. deslgnad for paedlatrlc patlents undergolrvJ W￿peratIVe assessments In the surgkxl and chlld health dmslons. Our charlty has furmled the development of thls app lo enhan(￿ Ihe tKwAtsI expthce for chlldren and thelr famllles. Wai understand tlwt hospitd can be daunthw- for y()u patients. 50 our ¥ixgtcal attd chlldren's health teams have collaborated with the app creators lo provide a virtual gukle for children and ￿1r fam4ies. The Liltle Jowoey app psychoknglGglly prepares. InfOrn￿ and supports paediatric patients before. during atNJ after healthcar8 pr(x%dures, all from the cOn￿Ort of their own home. The app dellvers Interacllve and engaglng c￿t tsilored to a child's age. pro(xth type arKI hosiAtal. By playlng g8mes, watchlng videos. or engaglng with educetion818pps. chlldren can pass the tlme In a fun and interactive way. Self Soothe box in children's A&E These boxes contain dlstraction toys and games, aiming to allevlate stress and anxiety among our young patients in the Emergency Department. virtuAI howal tour• at your fingertips Quote from: Lucy Gladman. General Manager In Surgery

----- Start of picture text -----
—_
----- End of picture text -----

Improving the comfort of patients

Kaz Melvin, a former neuro-physiotherapist at BHRUT, paid a visit to Queen’s Hospital, alongside her parents Carol and Neil, to see how their £2,600 donation to our charity was spent. The donation was made in memory of Ria, a beloved sister and daughter who died aged just 25 of an aggressive brain tumour (glioblastoma multiforme) in August 2021.

Ria was looked after by several of our teams at Queen’s Hospital in the two and a half years following her diagnosis, and the family donated the money in thanks for the great care she received. Funds were raised via a GoFundMe page, set up for Ria to have specialist treatment in Germany, which was sadly unsuccessful. The remaining money was donated across several charities, which included our charity. Our funds were spent on a specialist shower chair for patients with limited mobility, which the family were able to see on their visit, when they also met again with staff who cared for Ria.

We wanted to show our gratitude and appreciation to the staff who cared for Ria throughout her brain tumour journey. I can’t thank them enough for all their help.”

Maria Sgouralis, an inspiring fundraiser, was diagnosed with Stage 3 Lymphoma cancer and underwent chemotherapy sessions at the Sunflower Suite in Queen’s Hospital. She successfully raised funds via her JustGiving page and received a wonderful donation from the Wanstead & Woodford Lions Club, where she is a member. Alongside her family and the club's President and Zone Chair, Maria presented an impressive donation of £4,500 to the dedicated team at the Sunflower Suite. In a celebratory moment, she rang the End of Treatment Bell, marking the completion of her chemotherapy, surrounded by her loved ones and the caring team

----- Start of picture text -----
that supported her throughout her treatment.
= * 7. |
; aries SDit.,ls
Enhancing Care with Accuvein Technology
----- End of picture text -----*

We have provided multiple accuvein devices across our hospitals, including our Sunflower Suite in cancer services. These devices help our staff take blood in the quickest and most efficient way. With the magic of LED lights, the patient’s veins illuminate, making the best veins to use instantly visible. An accuvein device can be used on our frailest and tiniest patients, as well as those with hard to find or scarred veins, such as cancer or sickle cell patients.

Quote from: Kaz Melvin

A haven for relaxation: transforming our staff well-being room

When we were asked to help revamp our staff well-being room at Queen’s Hospital, we jumped at the chance to support. Everyone knows how stressful it can be working in a hospital environment, so we were delighted to help contribute to a tranquil area for our staff. With your support, we have helped fund a new treatment couch, a massage chair and a beautiful mural for the room walls, enhancing the calming ambiance of the space.

It has been proven that investing in employee well-being can lead to increased resilience, better employee engagement and higher performance and productivity.

Supporting our maternity staff members

Our Infant Feeding Team hosted an afternoon tea for several maternity staff members, funded by our charity to mark World Breastfeeding week. The event aimed to raise awareness of the significance of supporting breastfeeding in the workplace. Our staff brought along their babies, with the youngest being just two weeks old! There are more than half a billion working women across the world who are not given basic maternity provisions and many more find themselves unsupported when they go back to work.

Long term breastfeeding has many health benefits for mother and child, we would like to support staff in making informed decisions and plans for when they return to work.

We are extremely grateful to our hospital's charity as they have been a huge support to us. Without them, this day would not have been possible.

Quote from: Teresa Faulkner, Specialist Infant Feeding Lead Midwife at Queen’s Hospital

Enhancing care in Neuro ITU

One of our youngest fundraisers, Dominic Barker, raised £2,827.10 for our charity! This determined five-year-old completed a three-mile sponsored walk on Father’s Day as a tribute to his late father, James Barker.

James was cared for at both Queen’s and King George hospitals, spending eight weeks as an inpatient before he sadly passed away at the young age of 39. In honour of his dad and the exceptional staff who looked after him, Dominic took up the fundraising challenge to help other patients and families in our hospitals during difficult times.

A new set of patient diaries were partly funded by The League of Friends for our ITU and ICU departments. When a loved one is recovering from a critical illness, they miss out on knowing what care they have been given and what has been happening in the lives of their nearest and dearest. Writing in these diaries gives visitors the opportunity to leave messages and for staff to record their treatment. The diaries, which are left by patients’ bedsides, include medical updates, letters from well-wishers and photos. This can play a vital role in a patient’s recovery process and provide insight into the patient’s surroundings during their stay in hospital, ultimately helping them to better understand their experience.

----- Start of picture text -----
a
----- End of picture text -----

Twenty year old Jacob Hotten and his family participated in the Thames Moonlight 10k sponsored walk. Jacob took on the challenge to say thank you to our Neuro ITU staff after undergoing life-saving surgery at Queen’s Hospital. He was diagnosed with a Pott’s puffy tumour, a rare condition that had not been seen in our hospital for ten years.

I owe this hospital my life, giving back to its charity is the least I can do. Quote from: Jacob Hotten

Our events...

The Charity Zipwire Challenge

Latino Fiesta Charity Ball

An East End Murder Mystery

The Big Charity Quiz 2023

Thanks for your support! We woukj Ilke to thank everyo￿ who supsx)rted King George and Queen's Hospitals Charity18st year, whether through financial (x)ntributions. gifts in kind. or volunteering your Ilmg. Your generoslty moans the wortd to us, and ￿118 wo can't mentlon everyone, we appreciate each and every one of you for your supFx)rL Abridge ladies golf day Former mayor raises over £27k for our children's services 'Twa8 the season for singingl Our festive frfends. Tony Fadil. arKI steve Ward have Jolned forces wlth tkntor and the Medlc5 aThJ the lalented chlldren from Brothenthk Performlng Arts. to create 8 fun Chrtstrnas single to ralse fuThls for our charity. The Ir8d(. (xll&J 'lt's Chrlstmas Tlme Again,. (xn be streamed arKI downk)aded on rTh)st muslc plalforms. The furKlraiser was a SU￿ess. ralslng £716.40 for o charity! Cllr Th8Vathuray Jeywanlan. durlng hls term as Redbrf¢SJe Mayor 2022r2023 (*￿￿e Klng Ge(xge and Queen's Hospjtals Chartty a5 (Th of hls thosen charlty's of th8 year. H8 led a team of c￿n￿lIOrS and frl to org8nlse numerous events. In total an IrKxedible £27.119 was ralsed k)r our charfty. A huge thanks to Pani Levine, one of our charlty ambassadors. and her dedicated charlty golf commlttee for organislng a ladles charlty golf day. With over 100 golfers In attendance, the event successfully raised £14.300. Our ambassadors We are very grateful to the support given by our w(XKIthI tharity ambassa￿. They help us to ralse , aw8rene5s of our aims. (tsrity work as well as encourage others to get Involved in fundralslr adivitles. They are such 8n 1m￿)rtsnt part of our tharfty as they To our amazing supporters: The Important and Impactful projects we fund across Klng George 8nd Queen's Hospltals would not be posslble wlthout the generous support of our fundralsers and donors. We are delighted with the difference we have made this year. end would like to thank our astoundlng fundralsers who continue to amaze us with thelr ingenuity, imagination and resilience. We are also very grateful to the many individu81s and organisations that choose to donate so generously to our charity. Our charity would also like to extend a thank you to The League of Friends at King George Hospital for their continued support. advlse us wllh some of our d￿lon making, and volunteer for u5 when

13

Public Benefit Statement

The Corporate Trustees confirm that they have paid due regard to the Charity Commission’s general guidance on public benefit.

The Charity exists to benefit the staff, patients and families of Barking, Havering & Redbridge University Hospitals NHS Trust (BHRUT). The Charity does not provide facilities directly to the public but provides them to the hospital and therefore, serves patients and staff of the hospitals.

As far as practicable, the Charity follows the Trust’s established Standing Financial Instructions (SFIs) and Scheme of Delegation (SoD) to ensure appropriate governance in financial and operational matters

Recruitment of Charitable Funds Committee members for administrative purposes

The Charity follows the Trust’s established recruitment policy and guidance to ensure a fair and robust recruitment and selection of members.

Structure, Governance and Management

The Charity, registered charity number 1059455 and entered on the Central Register of Charities on 27 November 1996, has the working title of King George and Queen’s Hospitals’ Charity. The Charity has a Declaration of Trust dated 28 June 1995 and is constituted as a Trust. The Charity is in the process of applying to the Charity commission to become a Charitable Incorporated Organisation (CIO).

BHRUT has been the Corporate Trustee of the Charity since 27 November 1996.

A Charitable Funds Committee (CFC), chaired by an external member, has also been established with responsibility for day-to-day operational decisions and governance matters. This committee reports to the Trust Board as Corporate Trustee. The Committee meets every other month in the year, providing a framework to ensure the Charity maintains an appropriate level of governance and compliance across its operational activity and business.

The Trust Board holds overall responsibility for ensuring good governance. The Corporate Trust Board is supported by the Audit, Risk & Assurance Committee which focuses on matters related to regulation, reputation, legislative compliance and non-financial risks. The Board is also supported by the Finance and Investment Committee, with responsibility for scrutiny of all financial matters.

The Charity’s members are appointed for their relevant individual skills and experience. Members are appointed for a fixed term, with eligibility for reappointment at the end of their term, where appropriate. Members with specific skills and experience can also be appointed as volunteers to work with the Trustees on Board committees to increase the expertise available.

The Charity follows the guidance of the Charity Commission to produce an induction programme for newly recruited members. The pack includes copies of the Charity’s annual report and accounts, minutes of previous meetings, the Charity’s Model Declaration of Trust, the Charity Commission’s publication CC3 – “The Essential Trustee: what you need to know” and various other resources. A tour of the hospital is also offered, and members may meet with staff to obtain an understanding of current issues. Access to training is provided throughout the term of office.

Non-Executive Members of the Trust Board are appointed by NHS England, and Executive Members of the Board are subject to recruitment by the NHS Trust Board. Members of the Trust Board and the Charitable Funds Committee are not individual trustees under charity law but act as agents on behalf of the Corporate Trustee.

Members are required to disclose all relevant interests and register them with the Corporate Trustee and withdraw from decisions where a conflict of interest arises. All related parties, if applicable, are disclosed in note 11 to the accounts.

14

Trust Board Membership during 2023-24

The members of the NHS Trust Board who served during the financial year are noted here

----- Start of picture text -----
Trust Board Membership Trust Board Membership (Continued)
Chair Executive Directors (continued)
Group Chief Executive – Barts Health and BHRUT
Rt. Hon. Jacqui Mr Shane DeGaris
Smith Chair – Barts Heath and BHRUT (Voting member) (Voting member)
Chief Executive (BHRUT) and Deputy Group Chief
Mr Matthew Trainer Executive (Barts Health and BHRUT)
(Voting member)
Non-Executive Directors Mr Nick Swift Chief Financial Officer (Voting member)
Non-Executive Director Vice Chair (Voting Ms Kathryn Halford OBE Chief Nurse (Voting member)
Mr Mehboob Khan
member)
Ms Susan Lees Non-Executive Director (Voting member) Ms Mamta Vaidya Chief Medical Officer (Voting member)
Ms Ann Hepworth Director of Strategy and Partnerships (Non- Voting
Mr Mark Caulfield Non-Executive Director (Voting member)
member
Ms Kathy McLean Mr Peter Hunt Director of Communications & Engagement (Non-
Non-Executive Director (Voting member)
OBE Voting member
Ms Janine La Rosa Chief People Officer ((from November 2023) (Non-
Ms Marta Phillips OBE Non-Executive Director (Voting member)
Voting member)
Ms Lesley Seary CBE Non-Executive Director (Voting member) Ms Fiona Wheeler Chief Operating Officer (Non- Voting member)
Associate Non-Executive Directors
Associate Non-Executive Director (Non- Voting * Appointed to the boards of both Barts Health and BHRUT
Ms Ruth Crowley
member)
Associate Non-Executive Director (Non- Voting
Ms Caroline Roberts
member)
----- End of picture text -----*

15

Charitable Funds Committee Members during 2023-24 (External)

George Wood Committee Chair (to September 2023) Carol Madeley Committee Member (to September 2023) Niki Eves Committee Member (to September 2023) Sue Williams Committee Member (to September 2023) Sue Lees Non- Executive Director/ Committee Chair (from November 2023)

Lesley Seary CBE Non-Executive Director (from November 2023) Helen McKenna Committee Member (from November 2023)

Charitable Funds Committee Members during 2023-24 (Internal)

Nick Swift Chief Finance Officer Ann Hepworth Director of Strategy and Partnerships (from November 2023) Michael Gilham Director of Finance (Until March 2024)

Dione Rogers Chief Nursing Information Officer Janine La Rosa Chief People Officer (from November 2023)

Linda Storey Company Secretary Sean Greene Director of Estates and Facilities (from November 2023)

Lynda Head Head of Fundraising Marina Christopher Fundraising Office Manager Ellen Kyriacou Charity Accountant (to September 2023) Terry Lam Interim Charity Accountant (from July 2023 to March 2024)

Financial Review

The Charity has had a promising year of fundraising.

Total income increased by £478,000 from £646,000 (2022/23) to £1,124,000 (2023/24). The increase in the year can be attributed to a variety of factors including a healthy legacy received and further grants from NHS Charities Together.

Total expenditure decreased by £88,000 from £828,000 (2022/23) to £740,000 (2023/24). The decrease can be attributed to the Charity receiving fewer bids from Trust staff as the Trust underwent restructuring.

On the balance sheet, total funds held have increased by £546,000 from £3,545,000 (2022/23) to £4,091,000 (2023/24).

Following the 2022 audit, charity staff operational costs of £916,000 from the previous three years and a £350,000 secondment fee arose that was repayable to the Trust for non-charitable activities. As a result of partial repayments of liabilities to the Trust, a total liability of £283,000 remains.

The Corporate Trustee has a reserves policy to retain the cash equivalent equal to one year’s operational costs and ongoing approved bids, (£500,000). Reserves are made up of cash already held with the Charity’s Barclays Bank Plc and have been noted within cash and cash equivalents. Further funds can be released from investments if necessary.

The Charity does not have any funds that it holds as a custodian trustee on behalf of others.

The Charity has not made use of any exemptions from disclosure.

16

Investments

The Charity also has an investment policy for the effective management of its funds. The policy states that sufficient funds should be held to meet the reserves policy with excess funds being considered for investment. The Charity will not speculate in any particular class of assets and investments will be placed with a reputable investment manager in a managed portfolio. Invested funds are to be managed on a total returns' basis, meaning it will have an objective of a balanced return of capital growth and income to maximise overall returns.

The Charity has adopted an ethical approach to investing. In line with the aims of the Charity to promote the overall health of services users of our hospitals. Sums invested in companies whose activities which could be detrimental to health should be negligible.

The current investment fund seeks to have a positive impact on people and the planet. This is achieved by avoiding harm through ESG (Environmental, Social, Governance) integration and exclusions, benefiting society through responsible business activities and contributing to solutions through investing for impact.

The value in the multi-fund investment assets as at 31 March 2024 is reported as £2,111,000, which represents a 6% increase compared to 2022/23. The units in the multi-asset fund are maintained by our fund managers, Cazenove Capital, who have diversified the portfolio held by the Charity to obtain the highest yield possible. Further information as to the performance of the Investment are outlined in note 5 of the financial statements.

Risk Management

The key risks for the Charity remain in the areas of income, investments and salary costs.

Income

As with all charities, the Charity is reliant on donations from members of the public. While the Charity has had a successful year of fundraising, the Charity recognises that supporters are still facing the cost of living crisis. The Charitable Funds committee remain abreast of the financial performance of the Charity and review a detailed set of accounts provided on a bi-monthly basis. To gain further insights, the Committee regularly request various exercises to develop insight such as deep dives and benchmarking. The Committee also regularly discuss income objectives and whether trajectory figures are keeping in line with expectation with the Fundraising Team.

Investments

The Charity holds units in a multi- asset fund in order to grow the value of the total funds that the Charity has access to. This year, the Charity’s units in the multi-asset fund achieved a £122,000 increase in value, however the Charity notes that these units are also exposed to market fluctuations and can make losses. The Charitable Funds Committee have reviewed the system and agreed that unrealised gains and losses are to be distributed to the General Funds held under each directorate. Risks are further mitigated by retaining expert investment managers, having a diversified portfolio and by making use of benchmarking information when reviewing the portfolio.

Salaries

During the year, the Charity had a work time equivalent (WTE) of 6.8 employees. Staffing remains a considerable cost for the Charity and the Charity continues to manage its historic salary liability with the Trust. Ideas to cover staffing costs for the Charity include building in staff costs to future grant applications. The Charity currently apportions salary costs to the General Funds held under each directorate. The Committee are also considering the potential disposal of a further property.

17

Statement of Trustee Responsibilities in respect of the Trustee Annual Report and the Financial Statements

Corporate Trustee’s responsibilities

The Corporate Trustee is responsible for preparing the Annual report and the financial statements in accordance with applicable law and regulations. Charity law requires the Corporate Trustee to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Charity law the Corporate Trustee must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period.

Statement of Trustee Responsibilities in respect of the Trustee Annual Report and the Financial Statements (continued)

Corporate Trustee’s responsibilities (continued)

Statement as to disclosure to our auditors

Signed on behalf of the Corporate Trustee:

In preparing these financial statements, the Corporate Trustee is required to:

Chief Financial Officer (Michael Gilham) Date: 2025

The Corporate Trustee is responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

18

Independent Auditor’s report to the Trustees of Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund

Opinion

We have audited the financial statements of King George and Queen’s Hospitals Charity (the ‘charity’) for the year ended 31 March 2024 which comprise the Statement of financial activities, the Balance sheet, the statement of cash flows, and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independent Auditor’s report to the Trustees of Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund

Conclusions relating to going concern (continued)

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Corporate Trustee with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustee’s annual report, other than the financial statements and our auditor’s report thereon. The trustee is responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this is a material 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 misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Corporate Trustee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

19

Independent Auditor’s report to the Trustees of Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Corporate Trustee’s responsibilities statement, set out on page 17, the Corporate Trustee is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustee determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Corporate Trustee is responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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 regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.

Independent Auditor’s report to the Trustees of Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund

Auditor’s responsibilities for the audit of the financial statements (continued)

Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identification and assessment of potential risks

In identifying and assessing potential risks related to irregularities and in identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we conducted:

20

Independent Auditor’s report to the Trustees of Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund

Identification and assessment of potential risks (continued)

of any instances of non-compliance relating to the detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

Risks arising from legal and regulatory frameworks

We are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in which the charity operates, focusing on provisions of those areas that had a direct effect on the determination of material amounts and disclosures in the financial statements.

We did not identify any material audit matters related to the potential risk of fraud or non-compliance with laws and regulations from our work:

Independent Auditor’s report to the Trustees of Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund

Risks arising from legal and regulatory frameworks (continued)

We also communicated our assessment of the relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/OurWork/Audit/Audit-and-assurance/Standards-and-guidance/Standardsand-guidance-for-auditors/Auditors-responsibilities-for-audit/Descriptionof-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

21

Independent Auditor’s report to the Trustees of Barking, Havering and Redbridge University Hospitals NHS Trust Charity Fund

Use of our report

This report is made solely to the Charity’s Corporate Trustee, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Edmund Cartwright FCCA FMAAT (Senior Statutory Auditor) for and on behalf of Johnsons Chartered Accountants, Statutory Auditor London, United Kingdom

Date: 28th January 2024

22

Barking, Havering & Redbridge University Hospitals NHS Trust Charity Statement of Financial Activities for the year ended 31 March 2024

----- Start of picture text -----
2023-24 2023-24 2023-24 2022-23 2022-23 2022-23
Unrestricted Restricted Total Unrestricted Restricted Total
Note
Funds Funds Funds Funds Funds Funds
£000 £000 £000 £000 £000 £000
Income From:
Donations and legacies 2 804 1 805 391 0 391
Income from Investments (Shares) 2 102 88
0 102 0 88
Income from Investments (Property) 2 27 0 27 26 0 26
Income from Charitable Activities (Community) 2 87 0 87 76 1 77
Income from Charitable Activities (Events) 2 65 0 65 44 0 44
Income from Non-Charitable Activities
2 38 0 38 20 0 20
(Corporate)
Total income 2 1,123 1 1,124 645 1 646
Expenditure On:
Expenditure on raising funds (other) 3 (57) 0 (57) (39) 0 (39)
Expenditure on charitable activities (other) 3 (237) (1) (238) (308) (2) (310)
Expenditure on charitable activities (support
costs) 3 (32) (0) (32) (44) 0 (44)
Expenditure on raising funds (support costs) 3 (396) 0 (396) (379) 0 (379)
Expenditure on Property Investments 3 (17) 0 (17) (56) 0 (56)
Total expenditure (739) (1) (740) (826) (2) (828)
Net gain/(loss) on investments 5.1 122 0 122 (175) 0 (175)
Net gain on properties 5.1 40 0 40 260 0 260
Net Unrealised Gains 162 0 162 85 0 85
NET MOVEMENTS IN FUNDS 546 0 546 (95) (1) (96)
Reconciliation of funds
Fund balances brought forward 9.1 3,473 72 3,545 1,316 2,325 3,641
Fund balances carried forward – restated UR
& UR/Designated position following Due 9.1 4,019 72 4,091 3,473 72 3,545
Diligence Investigation
----- End of picture text -----

The notes in pages 24 to 33 form part of these financial statements

23

Barking, Havering & Redbridge University Hospitals NHS Trust Charity Balance Sheet at 31 March 2024

----- Start of picture text -----
31
31 March
March
Note 2023
2024
£000
£000
Fixed assets:
Investments 5.2 2,111 1,989
Tangible Assets (Property) 5.3 990 1,650
Intangible Assets 15 0
Total fixed assets 3,116 3,639
Current assets:
Debtors 6 20 3
Cash and cash equivalents 7 1,411 1,251
Total Current Assets 1,431 1,254
Liabilities:
Creditors: Amounts falling due within one year 8 (454) (1,327)
Deferred income 8 (2) (22)
Net current assets 975 (95)
Total Assets less current liabilities 4,091 3,545
Total Net assets 4,091 3,545
The funds of the Charity :
Unrestricted/Designated income funds 9 72 72
Unrestricted income funds 9 4,019 3,473
Total Charity funds 9 4,091 3,545
----- End of picture text -----

Barking, Havering & Redbridge University Hospitals NHS Trust Charity Statement of cash flows for the year ending 31 March 2024

----- Start of picture text -----
Reconciliation of net income to net cash flow from operating activities Note 2023-24 2022-23
Total Funds Total Funds
£000 £000
Net income 546 (96)
Adjustments for:
Gains on investment funds and properties held 5.1 (162) (86)
Costs of Disposal of Asset (Deducted from gross proceeds) 5.3 14 0
Dividends and interest from investments 2 (102) (88)
(Increase)/decrease in debtors 6 (17) (1)
Increase/(decrease) in creditors 8 (893) 145
Net cash generated from operating activities (614) (126)
----- End of picture text -----

Cash flows from investing activities:

Dividends and interest from investments 2 102 88
Acquisitions of assets (14) 0
Proceeds from the sale of investments (Net Proceeds) 5.3 686 0
Net cash generated from investing activities 774 88
Change in cash and cash equivalents during the year 7 160 (38)
Cash and cash equivalents at the beginning of the year 7 1,251 1,289
Cash and cash equivalents at the end of the year 7 1,411 1,251

The notes in pages 24 to 33 form part of these financial statements.

Signed Chief Financial Officer (Michael Gilham) Date 2025

24

Notes to the Accounts

1 Accounting Policies

1.1 Basis of preparations

The Charity is a public benefit entity, and the financial statements have been prepared to give a true and fair view. The financial statements have been prepared in accordance with Statement of Recommended Practice (FRS 102) – Charities SORP (FRS102) second edition, issued in October 2019.

The financial statements have been prepared on a going concern basis which the Corporate Trustee considers to be appropriate for the following reasons.

The Corporate Trustee has prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the Charity will have sufficient funds to meet its liabilities as they fall due for that period.

The Charity has reintroduced a wide variety of events from Zipwire events and murder mystery nights to the annual charity ball, whilst also finding new ways of raising funds through various online fundraising portals and regular giving channels. The generous donations made by the population to NHS Charities Together continued throughout the year and has also provided funds by way of a grant, to reduce the material uncertainty for this year and for the coming years.

Notes to the Accounts

1 Accounting Policies

1.1 Basis of preparations (continued)

Most risks can be mitigated by diversifying fundraising methods with the team continuing to look to the future and search for more innovative ways and means of fundraising. Our liquidity is further managed through the management of cost base, but our operational costs and expenditure on charitable activities have not reached the levels of income received.

Consequently, the Corporate Trustee are looking at the different ways the Charity can meet its liabilities, through the sale of its assets, as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

Governance costs

Previously, these had been separately analysed on the face of the Statement of Financial Activities, but Governance costs are now classified under Expenditure on Charitable Activities on the SOFA. The analysis of support costs, including governance costs, is shown in note 3.

Cash and cash equivalents

Investments held in short term cash accounts are liquid funds and require no period of notice and are now classified as cash and cash equivalents and have been shown as part of cash and cash equivalents on the balance sheet. An analysis of cash and cash equivalents is provided in note 7.

25

Notes to the Accounts

Investment Property Rented to Third Parties

The Charity officially inherited four properties in June 2021. The Charity has disposed of one of these properties during the year. The Charity has duly recognised the remainder of these investment assets in the Balance Sheet under Tangible Assets (property) for the current year. A RICS Chartered surveyor values the properties at year end, to ensure the correct value of all remaining properties are recorded in the ledgers. (RICS Appraisal and Valuations Standards, 9[th] Edition 2014.)

Accounting Estimates and Judgements

For the purpose of this annual report, the valuations given to the remaining three properties were made on 31 March 2024. The valuations totalled £990,000 compared to the 2022/23 valuation of £1,650,000. The apparent drop in value on the balance sheet can be attributed to the disposal of one property whose carrying value was £700,000. The remaining three properties saw a combined gain of £40,000.

Although the upward general market trends for houses continues to outstrip the supply, the value of house prices has remained fairly consistent at the time of valuation to the date of the report’s publication.

Whilst the Charity considers the methodologies and assumptions adopted in the valuations are supportable, reasonable and robust, these estimated values may differ from the values that could be used on a ready market for the investment.

Notes to the Accounts

1 Accounting Policies

a) All income, including donated goods, are included in full in the Statement of Financial Activities as soon as the following three factors can be met:

Income from legacies

Legacies are accounted for according to Charities SORP (FRS 102) second edition, issued in October 2019, as soon as income is probable, can be measured and entitled. This will be confirmed from the representatives of the estates that payment of the legacy will be made, or property transferred, and once all conditions attached to the legacy have been fulfilled.

Material legacies which have been notified, but not recognised as income in the Statement of Financial Activities would usually be disclosed as a contingency in a separate note to the accounts with the estimate of the amount receivable. There were no accrued legacies for 2023/24.

26

Notes to the Accounts

1 Accounting Policies

1.3 Expenditure (stated as ‘Expenditure On’ in the SoFA)

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

a) Cost of generating funds (Expenditure on Raising Funds within the SoFA)

The cost of generating funds is the costs associated with generating income for the funds held on trust. This will include the costs associated with expenses payable for fundraising and investment managers’ fees.

b) Grants payable (Expenditure on Charitable Activities within the SoFA)

Grants payable are payments, made to third parties (including NHS bodies) in furtherance of the funds held on trust’s charitable objectives to relieve those who are sick. They are accounted for on an accrual’s basis where the conditions for their payment have been met or where a third party has reasonable expectation that they will receive the grant. This includes grants paid to NHS bodies.

Notes to the Accounts

1 Accounting Policies

1.4 Structure of Funds (continued)

Where there is a legal restriction or one imposed by the donor on the purpose to which funds may be used, they are treated as restricted funds.

Funds where the capital is held to generate income for charitable purposes and cannot themselves be spent are accounted for as endowment funds. The Charity had no endowment funds during the financial year to 31 March 2024. Other funds are classified as unrestricted funds.

Funds which are not legally restricted but which the members have chosen to earmark for set purposes are classified as unrestricted designated funds. The major funds held within these categories are disclosed in note 9.

1.5 Fixed asset investments

Investments included in the balance sheet at mid-market price, exdividend, being the fair value at year end.

1.6 Realised gains and losses

1.4 Structure of Funds

Unrestricted income funds comprise of those funds where the donor has not issued a specific request for where the funds should be used. These funds may then be used for any purpose in furtherance of the charitable objectives. Unrestricted funds can include designated funds where a donor may have made a non-binding request, or the members have created a fund for a specific purpose.

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated on the difference between sale proceeds and opening market value (or date of purchase if later). Unrealised gains and losses on investments are calculated as the difference between market value at the year-end and opening market value (or date of purchase if later).

27

Notes to the Accounts

1 Accounting Policies

1.6 Realised gains and losses (continued)

The Charity processes all losses and gains proportionately against unrestricted and unrestricted/designated funds.

In accordance with the new Statement of Recommended Practice (FRS 102)' - "Charities SORP (FRS 102)" second edition, issued in October 2019, the net gains and losses are shown under the heading for either income or expenditure.

1.7 Support Costs

Support Costs relate to operational costs for the charity and are defined as Administration Costs and relate to general overheads and system support costs. These include salaries, bank and investment charges, insurance costs, Just Giving and Worldpay costs.

Notes to the Accounts

2 Details of income

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2023-24 2023-24 2023-24 2022-23 2022-23 2022-23
£000 £000 £000 £000 £000 £000

Donations and Legacies:

----- Start of picture text -----
General donations 142 1 143 177 0 177
Sponsorship 4 0 4 4 0 4
Trusts 288 0 288 80 0 80
Legacies 370 0 370 130 0 130
----- End of picture text -----

Income from Charitable Activities:

Income from
Charitable Activities		 65 0 65 44 0 44

Income from Non-Charitable Activities:

Community
Fundraising		 87 0 87 76 1 77
Investment Income -
Shares		 102 0 102 88 0 88
Investment Income -
Property		 27 0 27 26 0 26
Corporates 38 0 38 20 0 20
Total income 1,123 1 1,124 645 1 646

28

Notes to the Accounts

3 Details of Expenditure on Charitable Activities

Unrestricted Restricted Total Unrestricted Restricted Total
Fund Fund Fund Fund Fund Fund
2023-24 2023-24 2023-24 2022-23 2022-23 2022-23
£000 £000 £000 £000 £000 £000

----- Start of picture text -----
Costs of
57 0 57 39 0 39
Raising Funds
Charitable
Activities-
Patients’ 170 0 170 145 0 145
education and
welfare
Charitable
Activities- Staff
67 1 68 134 2 136
education and
welfare
Charitable
Activities- 0 0 0 29 0 29
Research
Support Costs-
Administration
costs 9 0 9 7 0 7
(excluding
audit costs)
Support Costs-
Audit Fee
23 0 23 37 0 37
(governance
cost)
Other 413 0 413 435 0 435
Total
739 1 740 826 2 828
Expenditure
----- End of picture text -----

Notes to the Accounts

4 Analysis of Net Assets between Funds

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2023-24 2023-24 2023-24 2022-23 2022-23 2022-23
£000 £000 £000 £000 £000 £000

----- Start of picture text -----
Tangible fixed
assets 990 0 990 1,650 0 1,650
(property)
Intangible
assets 15 0 15 0 0 0
(website)
Investments
2,039 72 2,111 1,917 72 1,989
(shares)
Current Assets 1,431 0 1,431 1,254 0 1,254
Total liabilities (456) 0 (456) (1,349) 0 (1,349)
Total 4,019 72 4,091 3,473 72 3,545
----- End of picture text -----

5 Analysis of Fixed Asset Investments

5.1 Movement in Fixed Asset Investments: 2023-24
£000		 2022-23
£000
Investments in shares - Market value at 1 April 1,989 2,164
Netgain(loss)on investment revaluation 122 (175)
Market value at 31 March 2,111 1,989
Investments in Property- Market value at 1 April 1,650 1,390
Disposals at carryingvalue (700) 0
Netgain(loss)on investment revaluation 40 260
Market value at 31 March 990 1,650

29

Notes to the Accounts

5 Analysis of Fixed Asset Investments (Continued)

5.2 Market value of Shares at Year End 2023-24 Total 2022-23 Total
£000 £000
Investments in shares listed in:
Equities - UK 75 74
Equities - European 49 0
Equities - North America 467 335
Equities - Global/Other Overseas 812 750
Equities - EmergingMarkets 85 123
Bonds - UK 133 144
Bonds - North America / Global 121 119
Multi-Asset Funds 0 33
Alternatives - Hedge Funds 32 31
Alternatives - Property& Commodities 294 330
Fixed Income – Cash(invested in managed funds) 43 50
Total 2,111 1,989
Cash on interest bearing deposit (shown within cash and cash
equivalents in balance sheet –included in Note 7)		 183 93

5.3 Investment Properties

2023-24
£000		 2022-23
£000
Opening balance 1,650 1,390
Disposals-NetProceeds of Disposal (686) 0
Disposals- Disposal Costs (Deducted from Gross Proceeds) (14) 0
Gain from fair value adjustments 40 260
Balance as at 31 March 2024 990 1,650

The three remaining properties were valued by a RICS valuer and have increased by an average of 4%. Nationally, and also locally, the housing market over the year has been heavily influenced by significant external factors – general inflation continued an upward trend, peaking at 8.7% in April 2023 and the Bank of England base rate interest stood at 5.25% as of 31 March 2024 compared to 4.25% as of 31 March 2023. During the year, a property was disposed of for its carrying value of £700,000. After the deduction of £14,000 in related disposal costs, the Charity received net proceeds of £686,000.

Notes to the Accounts

6 Analysis of Debtors

Amounts falling due within one year: 2023-24
£000		 2022-23
£000
Total debtors falling duewithinone year 20 3
Total 20 3

7 Cash and cash Equivalents

2023-24
£000		 2022-23
£000
Cash in hand 1 1
Cash held at bank not requiringnotice for withdrawal 1,410 1,250
Total Cash and Cash Equivalents 1,411 1,251

The funds held at the bank are in interest bearing accounts that require no fixed notice for withdrawal.

No cash, cash equivalents or current assets investments were held in non-cash investments or outside the UK.

8 Analysis of Creditors

Amounts falling due within one year: 2023-24
£000		 2022-23
£000
Accrual forgrants owed to NHS body 0 0
Accrued Expenditure (10) (39)
Trade Payables (28) 0
Amount owed to the Trust (283) (1,020)
Commitment (133) (268)
Total creditors fallingduewithinoneyear (454) (1,327)
Deferred income (2) (22)

Amounts owed to the Trust are interest free and repayable on demand.

30

Notes to the Accounts

Notes to the Accounts

9 Analysis of Funds

9.1 Restricted Funds & Unrestricted-Designated Funds 2023/24

----- Start of picture text -----
9.1 Restricted Funds & Balance Incoming Resources Gain on Gain on Balance
Unrestricted Funds Material 01.04.23 Resources Expended property Investments 31.03.24
Funds Balance investment in Shares
RESTRICTED
A. King George Hospital - 38 1 39
KG60-115 SCOTTOW
B. King George Hospital - 34 (1) 33
KG73-072 EDELMANN
TOTAL RESTRICTED FUNDS 72 1 (1) 72
UNRESTRICTED
C. Unrestricted General
1,110 418 (200) 14 1,342
Funds
D. Barking Hospital - 4 4
E. King George Hospital 217 81 (89) 209
F. Queen’s Hospital 1,154 302 (50) 1,406
G. Romford Cardiovascular
89 89
Research Fund
H. Barking Havering &
903 318 (400) 40 108 969
Redbridge Hospitals
TOTAL UNRESTRICTED
3,473 1,123 (739) 40 122 4,019
FUNDS
TOTAL CONSOLIDATED
3,545 1,124 (740) 40 122 4,091
FUNDS
----- End of picture text -----

9.2 Restricted Funds & Unrestricted-Designated Funds 2022/23

----- Start of picture text -----
9.2 Restricted Funds & Balance Incoming Resources Gain on Gain on Balance
Unrestricted Funds Material 01.04.22 Resources Expended property Investments 31.03.23
Funds Balance investment in Shares
RESTRICTED
A. King George Hospital - 37 1 38
KG60-115 SCOTTOW
B. King George Hospital - 36 (2) 34
KG73-072 EDELMANN
TOTAL RESTRICTED FUNDS 73 1 (2) 72
UNRESTRICTED
C. Unrestricted General
1,316 177 (373) (10) 1,110
Funds
D. Barking Hospital 15 (15) -
E. King George Hospital 266 19 (58) (10) 217
F. Queen’s Hospital 1,322 196 (364) 1,154
G. Romford Cardiovascular
101 (12) 89
Research Fund
H. Barking Havering &
549 253 (4) 260 (155) 903
Redbridge Hospitals
TOTAL UNRESTRICTED
3,569 645 (826) 260 (175) 3,473
FUNDS
TOTAL CONSOLIDATED
3,641 646 (828) 260 (175) 3,545
FUNDS
----- End of picture text -----

31

Notes to the Accounts

9 Analysis of Funds (Continued)

9.3 Further supporting notes

Barking Hospital Fund: Upney Lane, Barking IG11 9LX – is a community hospital which is now managed by North East London NHS Foundation Trust.

King George Hospital Fund: Barley Lane, Ilford IG3 8YB – was originally the Ilford Emergency Hospital built in 1910-12 and in 2010 joined BHR University Hospitals NHS Trust with Queens hospital in Romford, transferring all funds to the joint hospital’s Charity.

Queens Hospital Fund: Rom Valley way, Romford RM7 0AG – opened in 2006 replacing Harold Wood hospital, Oldchurch hospital and Rush Green hospital.

Romford Cardiovascular Research Fund: This fund was formed because of an annuity left in 2007 specifically for Cardiology and Vascular Research at King George’s hospital.

Notes to the Accounts

11 Related Party Transactions

During the year neither the Corporate Trustee nor the committee members or members of the key management staff or parties related to them has undertaken any material transactions with the Barking, Havering and Redbridge University Hospitals NHS Charitable Trust. Board Members make decisions both on Charity and Exchequer matters, but endeavour to keep the interests of each and do not seek to benefit personally from such decisions. Declarations of personal interest have been made in both capacities and are available to be inspected by the public.

The Charity has one related party which is Barking, Havering and Redbridge University Hospitals NHS Trust (BHRUT). The charitable contributions to Barking, Havering and Redbridge University Hospitals NHS Trust amounted to £238,604 in 2023-24, (£243,061 in 2022-23).

BHR University Hospitals NHS Trust Charity (working title King George & Queens Hospital Charity) is a subsidiary of the main parent entity, Barking, Havering & Redbridge University Hospitals NHS Trust. The ultimate parent organisation is the Department of Health.

Barking, Havering & Redbridge Hospitals Fund: This Fund is the joint fund which incorporates donations received for BHR Hospitals and which can be used at either Queens hospital or King George’s hospital.

10 Details of transfers between funds

There are no details to disclose.

32

Notes to the Accounts

11 Related Party Transactions (Continued)

2023-24 2023-24 2022-23 2022-23
Name, nature of
connection,
description of
activities
undertaken, and
details of any
qualifications
expressed by their
auditors		 Turnover Of
Connected
Organisation
£000		 Adjusted financial
performance deficit
for the Connected
Organisation
£000		 Turnover Of
Connected
Organisation
£000		 Adjusted financial
performance deficit
for the Connected
Organisation
£000
Barking, Havering &
Redbridge University
Hospitals NHS Trust
was the beneficiary
of
the
charitable
revenue expenditure
of£238,604 during
2023-24
(£235,137 in
2022/23)		 906,521 0 850,938 (14,535)

BHRUT is a creditor to the Charity and as at 31 March 2024 the Charity owed c.£283,000 to its parent organisation .

Notes to the Accounts

13 Trustee Indemnity Insurance

Barking , Havering and Redbridge University Hospitals NHS Trust Directors’ Indemnity Insurance provides cover for the full range of duties including those of members. This premium is paid by the Trust. The charity also holds insurance with Aviva Insurance for localised cover.

14 The Role of Volunteers

Like all charities, King George and Queen’s Hospitals Charity is reliant on a team of volunteers to assist in the smooth running of the Charity, currently assisting in general administration and garden duties. These volunteers provide a valuable service for us by promoting the Charity and informing the public of the work we do to enhance the services that the Trust provides.

In accordance with the SORP, due to the absence of any reliable measurement basis, the contribution of these volunteers is not recognised in the accounts.

12 Commitments, Liabilities and Provisions

There is no commitment, liability, or provision to account for that has not already been identified in the Balance Sheet.

33

Notes to the Accounts

15 Key Management Personnel

The gross costs of key management personnel are listed below:

----- Start of picture text -----
Basic pay + HCOL Back pay- Pay ER’s Pension ER’s NI Total Gross Cost Basic pay + HCOL ER’s Pension ER’s NI Total Gross Cost
– Net Cost Award – Net Cost
2023/ 2023/24 2023/ 2023/ 2023/ 2022/ 2022/ 2022/ 2022/
24 £000 24 24 24 23 23 23 23
£000 £000 £000 £000 £000 £000 £000 £000
Head of Fundraising 73 3 11 9 96 61 9 8 78
Charity Accountant 22 2 3 3 30 46 7 5 58
Interim Charity Accountant 30 0 0 3 33 0 0 0 0
Fundraising Office Manager 48 2 7 6 63 46 7 5 58
Remaining Charity Staff 119 7 12 12 150 143 17 14 175
Total Payroll Costs 292 14 33 33 372 296 40 32 368
----- End of picture text -----

The average head count (number of staff employed by the Charity) during the reporting period 2023/24 was 7 (8 in 2022/23). During the reporting period, the Charity Accountant moved on from the Charity and an Interim Charity Accountant was secured to cover the role for the remainder of the financial year. The salary costs for the year also included a finalised payment from a one off bonus relating to the COVID period which totalled £14,000.

Charity salaries, including pension costs, Er’s NIC are paid by the main Trust and then recharged to the Charity.

One of the Charity members, the Chair of the Charitable Funds Committee, was paid a salary/fee of £0 in 2023-24, (£3,691 in 2022/23 which included advisory services). None of the other Charity members have been paid expenses out of the Charity.

34

Glossary of terms

----- Start of picture text -----
Term Definition
The value at which the investment asset is recorded in the books of account. This will be either the market value at the last revaluation or the cost of the investment if it was acquired after
Carrying Value the last revaluation.
Charitable Funds Funds for which the purpose (objects) are deemed to be charitable and to which the use of the funds complies. Charitable purposes relate to meeting a general public good e.g.
healthcare.
Charity SORP A S tatement of R ecommended (Accounting) P ractice for charities. A guide to good accounting practice by the Charity Commission. Not mandatory.
A body created under statute, having powers to hold and use funds on trust, where the powers, responsibilities and accountability are specified in the statute or in related delegated
Corporate Trustee
legislation.
A fund where the donor has specified that the capital may not be spent at all ( Permanent Endowment ) or only after the completion of a particular object and/or elapse of time
Endowment Fund (Expendable Endowment).
Note: there are no Endowment Funds at present.
A charity which provides funds to other persons and bodies for them to spend on charitable objects. The majority of NHS charities are grant making and should not be showing direct
Grant Making
charitable expenditure on the SoFA other than as grants provided.
Income The term now used to replace income. The term embraces the receipt of capital resources as well as income.
Member A person or body corporate having accepted responsibility for funds to be held on trust to be used in compliance with the donors’ wishes.
Realised
Gains and losses arising from the difference between sale proceeds of an investment asset and the carrying value of that investment at the date of sale.
Gains/Losses
Reserves Accumulated income for which a future purpose has been identified and designated. Income funds should not be hoarded without good purpose.
Restricted Funds Funds where the income is only expendable in accordance with restrictions imposed by the donor(s).
SoFA S tatement O f F inancial A ctivity which shows all resources made available in the year, all expenditure incurred in the year and a reconciliation of all changes in the funds.
Special Purpose
Funds which are trusts in their own right which have been registered under an umbrella trust.
Funds
Trust A legal relationship between Settlers/Donors, Trustees and Beneficiaries. In the report the use of the capital T denotes an NHS Body and a small t a holding of funds on trust.
Umbrella Trust A legal device to allow the Charity Commission to register a number of funds as a single fund for the purposes of maintaining the Register and for annual accounting and reporting. It
does not remove the individual trust status of special funds for other purposes.
Unrealised Gains and losses arising from the revaluation of investments at market value at the year end and compared to the market value of investments at the beginning of the year, after allowing
Gains/Losses for realised gains/losses.
Unrestricted Funds Funds where the income is expendable at the discretion of the members on the charity’s objectives.
----- End of picture text -----

35

With Thanks to

The League of Friends of King George Hospital The executors of the estate of Emily Pemberton- Barnes The executors of the estate of Neville Papworth The executors of the estate of Terrence Butler The executors of the estate of Ronald John Williams The executors of the estate of Ronald Worsford The Mayor of Redbridge- Councillor Thavathuray Jeyaranjan NHS Charities Together Lloyds Bank Foundation Hospitals Charity Orthopaedic Research UK (ORUK) Allocate Software Limited Amos Properties Ltd Catalyst Healthcare (Romford) Ltd Matwala Vyas LLP Medtronic Limited Neilcott Construction Limited Pac Graphics Ltd Sharma Law Solicitors Sodexo Healthcare Services SurgEase Innovations Limited Abridge Golf Club (Ladies Section) The Lions Club Wanstead & Woodford The Metropolitan Lodge Sikh Welfare Society Local Asda branches Local Co-op branches Local Nisa branches Local Tesco branches

The Barker Family The Boltman Family The Hotten Family The Melvin Family Bryan Mansfield Charlie Richardson

G S Jacob Hardeep Aurora Joe O’ Sullivan (Ambassador) Matt McGorry Miss A Mowbray Miss C A Adams Mrs C K Morse Mrs K C Patel Mrs Susan Gray Patricia Kirby Pippa Ward Sav Atkar Terry Victory

And, of course, our wonderful volunteers, ambassadors and Committee Members. Thanks also to all those who donated in memory of their loved ones, regular givers, suppliers, businesses and individuals who supported and fundraised for us .

36

King George & Queen’s Hospitals Charity

Queen’s Hospital, Rom Valley Way, Romford RM7 0AG Phone : 01708 504335 E-mail : bhrut.charity@nhs.net Website: www.supportyourhospital.org Facebook : KingGeorgeandQueensHospitalsCharity Twitter : @SupportHospital

King George & Queen’s Hospitals Charity is registered with the charity commission in England and Wales. Charity number 1059455.