Registered company number 03807203 Registered charty number 1077638 THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION (A company limited by guarantee) Annual Report and Financial Statements 31 March 2024
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Annual Report and Financial statements for the year ended 31 March 2024 Contsnts Pages Legal and administrative information Trustees report Independent Examinerfs Report Statement of financial activities Statement of financial activits'es (31 March 2023) Balance sheet 10 Notes to the financial statements
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Legal and administrative information Chairnian & Treasurer Dr Christopher Moran Deputy Chainnan Mr Colin Reilly Charity Registration Number 1077638 Company Number 03807203 Principal address and registered office Floor 1 b Maple House 149 Tottenham Court Road London W1T7NF Independent Examiner Heather ee1hOuSe ACA BDO LLP 55 Baker Street London W1U7EU Solicitors Linklaters One Silk Street London EC2Y 8HQ
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Trustees report (incorporating the report of the Directors) for the year ended 31 March 2024 The Trustees, who are the directors of the company, present their report and financial statements for The University College London Hospitals Charitable Foundats"on (the "Foundation.) for the year ended 31 March 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Status and objects The Foundation was incorporated on 14 July 1999 and is a company limited by guarantee which is incorporated in England and Wales No 03807203. The members of the company are the trustees. In the event of the charity being wound up the liability in respect of the guarantee is limited to £1 per member. The charity is governed by its Memorandum and Articles of Association and is registered as a charity in England number 1077638. The Foundation was established to promote the relief and prevention of sickness and disease and to advance medical education. Funds raised by the Foundation can be used for the erection and maintenance of buildings, the purchase and rna1ntenan of medical equipment, for education, for employment of staff and for clinical research. Public Benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future acts'vities. Governance The Trustees are responsible for the overall management and decision making for the Foundation. A list of the Trustees who seNed during the year is set out on page 4 in this report. In order to promote good governance and effectiveness, new Trustees are offered an induction programme at the time of their proposed appointment. This is designed to ensure that new Trustees are briefed on the Foundation in order to understand its purpose and its legal and financial position. The programme also covers the duties and responsibilities of trustees. The trustees confirm they have been guided by the Charity Governan.ce C¢)de. The Trustees determine the directs'on and policy of the Foundation in response to requests from University College London Hospitals NHS Foundation Trust ("UCLH Trusf). The Trustees meet three to four times a year and the Chaiman oversees the administration and management of the charity. Investment powers Under the Memorandum and Articles of Association, the charity has the power to make any investment which the Trustees see fit.
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Trustees report (incorporating the report of the Directors) for the year ended 31 March 2024 (continued) Review of the year and future plans During the year UCL Hospitals Charitable Foundation continued its primary focus of supporting various projects across the hospitals within the UCLH NHS Foundation Trust. Some of these projects are" _ Stroke Services Unit at UCLH We currently receive £50,000 per year from The Woosnam Foundation and £50,000 per year from The Lord Leonard and Lady Estelle Wolfson Foundation to The Michael Feldman and The Lady Estelle Wolfson Bursary Fund to support Stroke Services at UCLH. The Michael Feldman and The Lady Estelle Wolfson Bursary Fund supports the purchase of equipment for the Stroke Unit as well as the education, training and development of stsff who work within Stroke Services at UCLH under Dr David Turner, Stroke and Geriatric Consultant for UCLH. Expenditure incurred in the year of £87,998 (2023. £96,513) The UCLH Lun and Heart Bioresource Over the past few years, UCLH Charitable Foundation has been fundraising to support this pioneering research project that is improving early detection rates and survival rates for lung cancer, chronic obstructive pulmonary disease (COPD) and cardiovascular disease (CVD). The UCLH Lung and Heart Bioresource is a vast and unique dataset of biological information gathered by the innovative SUMMIT Study, one of the largest interventional trials of its kind. This large and comprehensive study into these three fatal diseases allows scientists a unique means of studying individuals at the highest risk of developing these particular diseases. The biological findings gathered by the study are paving the way for routine early screening for Lung Cancer, COPD and CVD. We currently have an agreement with the UCLH NHS Foundation Trust to support the salary costs of a Clinical Fellow working on the Lung and Heart Bioresource for three years. Delays in the recruitment of the Clinical Fellow has led to minimal expenditure in the current period, with the appointment commencing in 2024125. Lun s for Livin Lung cancer may not be the most common canr in Britain but it is the most lethal, killing 35,000 people a year. To bring it in line with survival rates of other cancers, it is imperative that research into lung cancer is significantly increased and accelerated. The Lungs for Living fund has helped to create. equip and staff a leading research centre in the UK for lung cancer. The Lungs for Living Research Centre was created in order to bring a strong team of researchers together in well equipped, modern laboratories. By doing this, we are able to maximize and speed up making significant advances in understanding the causes of lung canr and finding new ways to treat it. Youn Person's Unit The Young Person's Unit (YPU), based on ward T12 South at University College Hospital, cares for patients aged 13-19 with chronic and acute illnesses other than cancer. These illnesses include rheumatological, gastrointestinal and endocrine disorders, many of which are lifelong and some of which can be life threatening. UCLH Charitable Foundation has fundraised for the YPU for over 20 years, helping to fund Youth Support Co- ordinator staff salaries, a multi-function recreation room, toyslgames and artslcrafts materials for the young people on the unit. UCH Macmillan Cancer Centre The UCH Macmillan Cancer Centre has been a fundraising project for UCL Hospitals Charitable Foundation for well over 10 years. The Cancer Centre became operational and opened to patients in April 2012. Whilst no longer a major fundraising appeal of ours we continue to actively fundraise forthe centre to ensure that it remains at the forefront of cancer care and research in the UK. Additional funds UCL Hospitals Charitable Foundation also holds funds which supportvarious departments and areas of research throughout the UCLH campus such as.. Obstetrics" SarcoidlCFA and Sarcoma.
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Trustees report (incorporating the report of the Directors) for the year ended 31 March 2024 (continued) Financial Review During the year ended 31 March 2024 the Foundation's donation and legacy income was £115,847 {2023'. £177,706). At the year end the charity is reporting net expenditure of £66K {2023- £295K). However, the balance sheet remains strong with net assets of £543K and cash of £570K (of which £554K is held for restricted funds- per Note 11). Details of the movements on all restricted funds are given in note 12 on page 16. Unrestricted expenditure costs of £32k relate to one full time employee together with associated administration costs. Against this amount, unrestricted donations in a challenging environment forfunds were received totaling £11,502, which were predominately received in small donations (less than £1.5K). Going Concern & Plans for the future We plan to continue our fundraising efforts and objectives for our various funds over the next year by continuing to make approaches for support to individual donors, companies, foundations and trusts. We have fundraising promotions planned to continue in 2025126 in regards to donations and legacies. Confirmation of support has been provided from Chesterlodge Limited, of which Dr Christopher Moran lchairmanruStee) is the sole shareholder and PSC. The assessment of the going concem is detailed within note 2(b). Reserves policy Trustees believe that the Foundation should have adequate reserves to allowfiexibility to support projects across the eight hospitals within the UCLH Trust. The 'free' reserves at 31 March 2024 were a deficit of £{7,683) £ (2023.. surplus of £50,322)- Chesterlodge Limited la company by a Trustee of the charifv) has provided a letter of support. This letter ensures sufficient funding for more than 12 months from the date of signing these financial statements. It covers the deficit in unrestricted funds and all unrestricted costs over the same period. Risk exposure The Trustees have addressed the major risks to which the Charity is exposed, in particular those relating to its operations and finances, and are satisfied that the systems in place are sufficient to minimise any exposure identified. UCLH Charitable Foundation holds reserves and these will be used, together with support from Trustees, accordingly to ensure the charity remains a going concem. Trustees The Trustees of the Foundation who served during the year were: Dr Christopher Moran (Chairman) Dr Margaret Spittle OBE, FRCP, FRCR Dr Jeremy George MA, Msc, MD, FRCP Mr Colin Reilly
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Trustees report (incorporating the report of the Directors) for the year ended 31 March 2024 (continued) Statement of Trustees responsibilities The Trustees (who are also Directors of the Foundation for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors 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 company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the Directors are required to- select suitable accounting policies and apply them consistenty" observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are 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 requirements of the Companies Act 2006. They are also responsible for safeguarding the assets ofthe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements and other information included in annual reports may differ trom legislation in other jurisdictions. In so far as the Trustees are aware: there is no relevant information of which the charitable company's independent examiner is unaware,. and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. The Trustees are responsible for keeping proper accounts'ng records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence ft)r taking reasonable steps for the prevents'on and detection of fraud or other irregularities.
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Trustees report (incorporating the report of the Directors) for the year ended 31 March 2024 (continued) Small company provisions This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. y order of Dr Christopher Chairman Date. 24/02/2025 oran
Independent Examiner's Report to the members and Trustees of The University College London Hospitals Charitable Foundation I report to the charity's Trustees on the accounts of the company for the year ended 31 March 2024 which are set out on pages 8 to 19. This report is made solely to the charity's trustees, as a body, in accordance with Regulation 31 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity's trustees as a body, for my work, for this report, or for the statement I have made. Responsibilities and basis for report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible ft)r independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5} (b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1 .accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act" or 2.the accounts do not accord with those records", or 3.the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination- or 4.the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Docusbjned by.. DA15AED7SD454S3. Heather Wheelhouse ACA BDO LLP London, UK Date 25 February 2025 BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127)
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Statement of financial activities for the year ended 31 March 2024 (incorporating an income and expenditure account) Unrestricted funds Restricted funds Total funds 2024 Totsl funds 2023 Note Income and expenditure Income Donations and legacies Investment income 11.502 503 104,345 16,300 115,847 16,803 177,706 8,080 Total income 12,005 120.645 132,650 185,786 Expenditure Cost of raising funds Charitable activities 32,892 43,611 32,892 165,435 85,938 394,659 121,824 Total expenditure 76,503 121.824 198,327 480,597 Net expenditure (64,4981 (1,179) (65,677) (294,811) Transfers between funds 6,493 (6,493) Net movement in funds (58,005) (7,672) (65,677) (294,811) Fund balances Balances brought forward 50.322 558,218 608,540 903,351 Balances carried fonNard {7,683 550,546 542.863 608,540 All above amounts are derived from continuing operats"ons. All gains and losses for the year are shown above. The notes on pages 11 to 19 form part of these financial statements
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Statement of financial activities for the year ended 31 March 2023 (incorporating an income and expenditure account) Unrestricted funds Restricted funds Total funds 2023 Total funds 2022 Note Income and expenditure Income Donations and legacies Investment income 18,043 205 159,663 7,875 177,706 8,080 158,589 716 Total income 18,248 167,538 185,786 159,305 Expenditure Cost of raising funds Charitable activities 12,605 10,674 73,333 383,985 85,938 394,659 119,731 137,535 Total expenditure 23,279 457.318 480.597 257,266 Net expenditure (5.031) (289.780) 1294,811) (97,961) Net movement in funds (5,031) (289.780) (294,811) (97,961) Fund balances Balances brought forward 55.353 847.998 903.351 1,001,312 Balances carried forward 50,322 558.218 608.540 903,351 All above amounts are derived from continuing operations. All gains and losses for the year are shown above. The notes on pages 11 to 19 form part of these financial statements
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Balance Sheet at 31 March 2024 Note 2024 2023 Current assets Debtors Bank balances and cash in hand 1,448 570,225 1,493 678,096 571.673 679,589 Creditors: amounts falling due within one year 10 128,810) (71,049) Total assets less current liabilities 542.863 608,540 Unrestricted funds Restricted funds 11 11 (7,683) 550,546 50,322 558,218 Total funds 542,863 608,540 The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. For the financial year in quests'on the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accoun+ for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the Trustees and authorised for issue on signed on their behalf by- and were Mr eilly Dr pher Moran Deputy Chairman Chairman & Treasurer The notes on pages 11 to 19 form part of these financial statements. 10
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial ststements for the year ended 31 March 2024 Company information The University College London Hospitsls Chantable Foundation is a Charitable company limited by guarantee incorporated and domiciled in England & Wales. The Registered Office is Floor 1b Maple House, 149 Tottenham Court Road, London, W1T 7NF. The principal acttvity of the Charty is to promote the relief and prevention of sickness and disease and to advan medical education. The Company's registered number is 03807203. The registered Charity number is 1077638. The functional and presentational currency of these financial statements is GBP. Accounting policies Accounting basis The financial statements cover the period 1 April 2023 to 31 March 2024. The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019) - (Charities SORP {FRS 102)), the Financial Reporting standards applicable in the UK and Republic of Ireland (FRS 102) the Companies Act 2006 and the Charities Act2011. The charty meets the definition of a public benefit entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwse stated in the relevant policy note(s). They are prepared under the historical cost convention. b) Going concern As of 31 March 2024, the charity had total reserves of £542,863 represented by (£7,683) of unrestricted reserves and £550,546 restricted reserves. The majority of expenditure is within restricted funds. The Foundation has received a letter of support from Chesterlodge Limited {Company registration no 01611575) who will provide sufficient funding to ensure the charity will have sufficient income generated over a period greater than 12 months from the date of these financial statements to cover the deficit as of 31 March 2024 in unrestricted funds and all unrestricted costs over the period to 28 February 2026. On this basis, the Trustees have reviewed and made an assessment of the charity's ability to continue as a going conrn for a period of at least e1ve months from the date on which the financial statements are approved. If in the worst case scenario no further external funds were received by the charity, there would be sufficient support from Chesterlodge Limited to cover costs for a period exceeding e1ve months from the date of signing of these accounts. We plan to continue ourfundraising efforts and objectives for ourvarious funds over the next year by continuing to make approaches for support to individual donors. companies. foundations and trusts. This assessment indicates the ability of the entty to continue to operate as a going conrn and therefore it is considered appropriate to prepare the accounts on a going concern basis. In making their assessment the Trustees do not consider there to be any material uncertainty relating to events or conditions that individually or collects-vely may cast significant doubt on the charity's ability to continue as a going conrn.
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements for the year ended 31 March 2024 (continued) Accounting policies (continued) Income All income is included in the Statement of Financial Activities (SOFA) when the charty is legally entitled to the income and the amount can be quantified with reasonable certainty. d) Legacies Legacies are included when the charity is advised by the personal representative of an estate that payment will be made, or that the receipt is probable and the amount involved can be quantified. Expenditure All expenditure is accounted ft)r on an accruals basis, inclusive of irrecoverable VAT, and is allocated to the appropriate heading in the accounts. Costs of raising funds include the costs incurred in generating voluntsry income and the costs of direct publicity intended to raise the profile of the charity. Charitable expenditure comprises services supplied and activities undertaken which are identifiable as wholly or mainly in support of the charity's objectives. Governance costs are those costs associated with the governance arrangements ofthe charity, and these include audit, legal advice for trustees, Costs associated with trustee meetings and the cost of the preparation of the statutory accounts. Support costs are those costs which enable fund generating and charitable activities to be undertaken. Costs that relate to more than one activity have been apportioned, with reference to staff time, on a reasonable and consistent basis. Grnnts payable Grants payable are accounted for in the financial statements as liabilrties when the Foundation has either a legal or constructive obligats.on to meet. g) Fund accounting The Foundation has three types of funds for which rt is responsible and which require separate disclosure. These are as follows.. Restricted funds Donations or legacies received which are earmarked by the donor for specific purposes. Such purposes are within the overall aims of the Foundation. Designated funds These are funds set aside by the Trustees out of the General Fund for a specific purpose. There were no designated funds in the year. General fund Funds, which are expendable at the discretion of the Trustees in furtherance of the objects of the Foundation. h) Capital expenditure No expenditure below £500 is capitalised as the size and nature of the items purchased are not considered matenal. Financial Instruments The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value. 12
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements for the year ended 31 March 2024 (continued) Accounting policies (continued) i) Judgments in applying accounting policies and key sources of estimation uncertainty In preparing the Financial Statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with expectations of future events that are believed to be reasonable under the circumstances. Actual results in the futu could differ from such estimates. There are not considered to be any key areas of judgement in these financial statements. Income from donations and legacies 2024 2023 General donations Legacies Donations from charitable trusts Donations from events 12,160 49,630 103,100 587 128,076 115,847 177,706 Restricted income is £104,345 (2023: £159,663). Interest receivable and similar income 2024 2023 Interest receivable 16,803 8,080 Restricted income is £16,300 (2023.. £7,875). Costs of raising funds 2024 2023 Direct costs of fund raising activities Staff costs General overheads 5,251 20,331 7,310 8,544 67,092 10,302 32,892 85,938 Restricted expenditure is £nil {2023- £73,333). 13
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements for the year ended 31 March 2024 (continued) Charitable activities 2024 2023 Medical salaries and direct costs Staff costs General overheads Governance costs (note 7) 76.608 57,549 7.308 23.970 347,319 33,589 6,560 7,191 165,435 394,659 Restricted expenditure is £121,824 {2023: £384,005). Governance costs 2024 2023 Staff costs Independent examination Other costs 12,335 5.022 6,613 666 4,317 2,208 23,970 7,191 Staff costs 2024 2023 Staff: Gross Employers Nl Pension 63.973 8,211 10.030 61,482 7,578 9,537 Self*mployed: Gross 8.000 22,570 90,214 101,167 One staff member (2023: One} is employed by the University College London Hospitals NHS Trust and is contracted to work for the Foundation. Staff costs are Charged to the Foundation on the basis of the time spent working for the Foundation. 1 member of staff was paid more than £60,000 (2023: 1). The Trustees consider themselves as comprising the key management personnel ofthe Foundation, in charge of directing and controlling the Foundation. No Trustee received remuneration for serViS dL2ring the year (2023.. nil) and received no benefits in kind (2023.. nil). No Trustee claimed any expenses during the year (2023.. nil). No Trustee received any beneficial interest in any contract with the Foundation. 14
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements for the year ended 31 March 2024 (continued) Debtor5 2024 2023 Due within one year Interest receivable Other debtors and prepayments 1,448 1,228 265 1,493 10. Creditors 2024 2023 Due within one year Other creditors and accruals 28.810 71,049 28.810 71,049 11. Analysis of net assets between funds Unrestricted Restricted Total 2024 Bank Debtors (note 9) Creditors (note 10) 16,520 553,705 1,448 14,609) 570,225 1.448 (28.810) {24.201) (7,683) 550,546 542,863 Analysis of net assets between funds (prior year) Unrestricted Restricted Total 2023 Bank Debtors (note 9) Creditors (note 10) 63.106 265 (13,049) 614,990 1,228 (58,000) 678,096 1,493 171,049) 50.322 558,218 608,540 15
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements for the year ended 31 March 2024 (continued) 12. Restricted funds Balance 1 April 2023 Balance 31 March 2024 2024 Income Expenditure Transfer Aids Arthritis (Dr Fishe¢s RLHH Research) Cancer Clinical Trials Cancer Day Centre Cardiology Clinical Trials Colorectal Cancer Unit COX2 Sarcoid Project Dr Seddon's Sarcoma Fund Early Lung Cancer Project Learning Disability Services Lifebox Lung & Heart Bioresource Lungs For Living The Michael Feldman & Lady Estelle Wolfson Bursary Fund Mitochondrial Fund Multi-sensory Room Paediatric Oncology Research Nurse Paediatric Ward T11 Pranav Pandya's Obstetrics Fund Radiopharmacy Facility RLHH RLHH Research RNTNE Play Services Fund Roald Dahl Fund Rokitansky Syndrome Fund Royal Nat. Throat Ear & Nose Hospital Sarcoid Severe Asthma Unit Stephen Green Fund Stroke Unit Therapy Services Transplant Unit UCLH Paediatric Epilepsy Unit Young People's Unit 600 600 5,701 911 1.065 3.139 3.355 1.137 146.985 174 77 46 236.863 80.114 172 120 754 89 101 5,873 1,031 1,708 3,031 3,456 197 1,137 4.166 108 9,245 17 141,906 265 10 77 12 13 8.556 2.067 5,061 15,352 240,358 66,829 14 15 16 17 18 19 20 21 22 23 24 25 15,273 19,000 1,000 451 2,285 16,600 367 908 130 25 192 305 100,966 539 87,998 1,195 28,241 18,344 1,000 13 65 573 28 144 1.051 436 2,206 16,122 367 908 130 26 12 19 185 295 26 27 28 29 30 31 32 33 333 1,284 42 1,796 21 96 321 1,471 283 42 51 1,626 113 99 1,734 1,527 200 930 13,147 3,783 200 930 373 827 238 12,693 3,545 558,218 120.645 121,824 6,493 550,546 During the year, transfers were made from inactive restricted funds to unrestricted funds. This transfer was made due to certain restricted funds were unutilised for a significan: period. This reallocation ensures that these funds can be effectively used to support our ongoing activities and was done in accordance with the charity commission guidance. 16
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements for the year ended 31 March 2024 (continued) 12. Restricted funds (Prior year) Balance 1 April 2022 Balance 31 Maroh 2023 2023 Income Expenditure Aids Arthritis (Dr Fisheff s RLHH Research) Cancer Clinical Trials Cancer Day Centre Cardiology Clinical Trials Colorectal Cancer Unit COX2 Sarcoid Project Dr Seddon's Sarcoma Fund Early Lung Cancer Project Learning Disability Services Lifebox Lung & Heart Bioresource Lungs For Living The Michael Feldman & Lady Estelle Woltson Bursary Fund Mitochondrial Fund Multi-sensory Room Paediatric Oncology Research Nurse Paediatric Ward T11 Pranav Pandya's Obstetrics Fund Radiopharmacy Facility RLHH RLHH Research RNTNE Play Setvices Fund Roald Dahl Fund Rokitsnsky Syndrome Fund Royal Nat. Throat Ear & Nose Hospital Sarcoid Severe Asthma Unit stephen Green Fund Therapy Services Transplant Unit UCLH Paediatric Epilepsy Unit Young People's Unit 600 600 14,057 698 200,006 3,139 4,283 1,137 137,161 927 77 9,000 5,701 911 1,065 3,139 3,355 1,137 146,985 174 77 46 236,863 80,114 213 1,059 200,000 72 1,000 24,824 247 15,000 1,000 10 12 13 236,023 170,732 37,732 128.350 14 15 16 17 18 19 20 21 22 23 24 25 11,178 21.785 1.000 451 2.279 18.277 367 908 1.058 25 192 299 100.608 215 96,513 3,000 15.273 19,000 1.000 451 2,285 16,600 367 908 130 25 192 305 323 2,000 72 1,000 26 27 28 29 31 32 33 333 830 42 2,724 200 930 15,004 1,230 333 1,284 42 1,796 200 930 13,147 3,783 72 1,000 143 2,000 {2,545 847,998 167,538 457.318 558.218
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements for the year ended 31 March 2024 (continued) 12. Restricted funds (continued) Notes (1.) These fvnds were for research into HIVIAIDS (2.) These funds are to support research and educational work regarding Arthritis at the Royal London Hom0pathiC Hospitsl (now known as the Royal London Hospital for Integrated Medicine) (3.) These funds were to support the Canr Clinical Trials Unit (primarily Gl) (4.) These funds are for the UCH Macmillan Canr Centre (5.) These funds are to support research work into Cardiology {6.) These funds are to provide equipment and patient information packs for the Colorectal Cancer Unit (7.) These funds were to support the COX2 Sarcoid project (8.) These funds are to support Dr Seddon's Sarcoma Fund {9.) These funds are to support the Early Lung Cancer Detection & Treatment Programme (10.) These funds were to support Learning Disabilty servIs throughout the Trust (11.) These funds were for Lifebox (12.) These funds are to support the UCLH Lung & Heart Bioresour {13.} These fvnds are to support Lungs for Living (14.) These fvnds are to support the Stroke Services Department at UCLH 115.) These funds are to support Mttochondrial Research (16.) These funds were to support a multi-sensory room (17.) These funds were used to support a Paediatric Oncology Research Nurse and research work into Paediatric Oncology (18.) These funds are to provide recreational facilities for the T11 Paediatn'c Ward (19.) These funds are to suppor*. the Obstetrics work of Pranav Pandya and the Fetal Medicine Unit (20.) These funds were for a Radiopharmacy Facilty (21.) These funds were for the com.plementary and alternative medicine library and information centre at the Royal London Homoeopathic Hospital (now known as the Royal London Hospital for Integrated Medicine) (22.) These funds were for research Caled out at Royal London Homoeopathic Hospital (now known as the Royal London Hospital for Integrated Medicine) (23.) These funds were to support the Roald Dahl Marvellous Children's Charity Play Specialist 18
THE UNIVERSITY COLLEGE LONDON HOSPITALS CHARITABLE FOUNDATION Notes to the financial statements For the year ended 31 March 2024 (continued) 13. Restricted funds (Gontinued) Notes (24.) These funds are to support work around Mayer Rokitansky Kuster Hauser Syndrome- also known as DSD (Differences of Sex Development) (25.) These funds are to support the Play Specialists at the Royal National Throat, Nose and Ear Hospitsl (RNTNE} and the Nuffield Hearing and Speech Centre 126.) These fvnds are to support SeNiS at the Royal Nats'onal Throat, Nose & Ear Hospital {27.) These funds are for research into Sarcoid I Cryptogenic Fibrosing Alveolitis (CFA) (28.) These funds were to support the Severe Asthma Unit (29.) These In Memoriam donations for Stephen Green are used to predominantly supportthe maternity ward at UCH {as well as other areas) (30.) These funds are to support Stroke Unit throughout the Trust (31.) These funds were to support Therapy Services throughout the Trust (32.) These funds were to support the Transplant Unit (33.) These funds are to support the UCH Paediatric Epilepsy Unit (34.) These funds are used to support the Young People's Unit 13. Related parties During the year UCL Hospitals Charitable Foundation continued its primary fccus of supporting various projects across the hospitals within the UCLH NHS Foundation Trust. During the year, the UCLH NHS Foundation Trust recharged salary costs to The University College London Hospitals Charitable Foundation of £82,214 {2023; £78,596). At the year£nd there was £16,761 due to the UCLH NHS Foundation Trust (2023: £nil}. 19