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NHS Northumbria Healthcare NHS Foundation Trust thank you to all our supporters who made it possible for us to do so much Bright Charity Registered charity number 1083122 Northumbria House. 718 Silver Fox Way. Cobalt Business Park Newcastle upon Tyne. NE27 OQJ brightcharity@northumbria.nhs.uk 0191203 1354
Statement of Trustees, responsibilities in respect of the Trustees, annual report and the financial statements Under charity law, the trustees are responsible for preparing a Trustees, Annual Report and the financial statements in accordance with applicable law and regulations. The trustees are required to prepare the financial statements in accordance with UK Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that period. In preparing these financial statements, generally accepted accounting practice entails that the trustees: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards and the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements; state whether the financial statements comply with the trust deed [and rules], subject to any material departures disclosed and explained in the financial statements" assess the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern. and use the going concern basis of accounting unless they either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. The corporate trustees are required to act in accordance with the trust deed of the charity, within the framework of trust law. They are responsible for keeping accounting records which are sufficient to show and explain the charity's transactions and disclose at any time, with reasonable accuracy, the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1 } of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. The corporate trustees are responsible for the Maintenan and integrity of the financial and other information included on the charity's website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 21
NORTHUMBRIA HEALTHCARE NHS FOUNDATION TRUST FUNDS HELD ON TRUST ANNUAL ACCOUNTS 2024-25 The accounts of the funds held on trust by the Northumbria Healthcare NHS Foundation Trust. FOREWORD These accounts have been prepared by the Trustees under section 98(2) of the National Health Service Act 1977 (as amended) which the Secretary of State has, with the approval of the Treasury, directed. STATUTORY BACKGROUND The Northumbria Healthcare NHS Foundation Trust is the corporate trustee of the funds held on trust under paragraph 16(c) of Schedule 2 of the NHS and Community Care Act 1990 unless Trustees have been appointed under s11 of the NHS and Community Care Act 1990. The Northumbria Healthcare NHS Foundation Trust charitable funds are registered with the Charity Commission. MAIN PURPOSE OF THE FUNDS HELD ON TRUST The main purpose of the charitable funds held on trust is to apply income for any charitable purpose relating to the National Health Service wholly or mainly for the services provided by the Northumbria Healthcare NHS Foundation Trust. Signed .on behalf of the Corporate Trustee Dated......27th November 2025................. 22
Independent auditor's report to the trustees of Northumbria Healthcare NHS Trust Charity Opinion We have audited the financial statements of Northumbria Healthcare NHS Trust Charity (the 'charity') for the year ended 31 March 2025 which comprise Statement of Financial Activities, Balance Sheet and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its income and expenditure for the year then ended. have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practi. and have been prepared in accordan with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemational 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 ststements 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 accordan with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 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 trustees with respect to going concern are described in the relevant sections of this report. 23
Other information The other infomiation comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other infomiation and 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 ststements or our knowledge obtsined in the course of 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 there 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. 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 requires us to report to you if, in our opinion: the information given in the financial statements is inconsistent in any material respect with the Trustees, Report" or sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records. or we have not received all the infomiation and explanations we require for our audit. Responsibilities of Trustee As explained more fully in the trustee responsibilities statement set out in the trustees annual report, the 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 intemal control as the trustees determine 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 trustee are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the trustees either intend to cease operations. or have no realistic altemative but to do so. 24
Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assuran 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. 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 the financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. The risk of material misstatement due to error or fraud has been assessed in conjunction with how intemal controls may mitigate any such risk. These controls are reviewed as part of the audit by performing systems walkthroughs to ensure they are operating effectively. Analytical review and substantive testing is also performed on all material balances and therefore any instances of non-compliance should be identified or considered as insignificant. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team" obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework. in which the charity operates and how the charity complies with that legal and regulatory framework inquired with management and those charged with governance about their own identification and assessment of the risks of irregularities. including any know actual. suspected or alleged instances of fraud discussed with management and those charged with governance any non-compliance with laws and regulations and how fraud might occur including assessments of how and where the financial statements may be susceptible to fraud. The risk of management override of controls was also considered an area of potential misstatement due to fraud. Audit procedures performed included testing of manual journal entries and other adjustments and evaluating the business rationale in relation to significant. unusual transactions and transactions entered into outside the normal course of business. There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as 25
these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of the audit report
This report is made solely to the charity's trustees, 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 I 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.
Signed:
Nicholas Cunningham MSc BSc FCCA (Senior Statutory Auditor)
For and on behalf of Robson Laidler Accountants Limited, Statutory Auditor
Statutory Auditor
Fernwood House
Fernwood Road
Jesmond
Newcastle Upon Tyne
NE2 1T J
Date: 17/12/2025
Robson Laidler Accountants Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
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Northumbria Healthcare NHS Trust Chari STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Income Year Ended 2025 Total Funds Year Ended 2024 Total Funds Unrestricted Funds Restricted Funds Donations and legacies Charitable activities Investment income Total incoming resources 550 147 697 1,612 1,204 195 1,448 95 1.448 240 145 2,093 292 2,385 3,011 Expenditure Fundraising costs Charitable activities Total resources ex 33 33 31 1.981 2.014 657 657 2.638 671 1,610 1.641 nded Gains l (loss) on revaluation of investment assets Gains on disposal of investment assets Total gains on investment assets 8.11 8,11 11251 179} 12041 437 11251 (79) (204) 437 Net incomin resources 1461 1444} 1490) 1,807 Gross transfer beeen funds Net movement In funds (444} (490) 1,807 Fund balances brought forward at 31 March 2024 Fund balances carried forward at 31 March 2025 2,507 2,461 3,974 3,530 6.481 5.991 4,674 6,481 The notes at pages 29 to 41 fomi part of these accounts. 27
Northumbria Healthcare NHS Trust Chari BALANCE SHEET AS AT 31 MARCH 2025 Year Ended 2025 Total Funds Year Ended 2024 Totsl Funds Unrestricted Funds Restricted Funds Unre5tricled Funds Restricted Funds Investments Total fix•d ass•ts 1,516 1516 2.174 2.174 3.690 1,506 1.$06 2.388 2.388 3,894 3.894 Current a55ets'. Debtors Short term investments and deposits Cash at bank and in hand Total current assets 15 22 37 43 67 iio li 396 569 965 373 592 965 632 90S 1.495 1.537 1539 628 995 1.654 1,623 2,698 Liabiliti•s= Creditors.. Amounts falling due within one year 10 Net current assets 98 140 238 43 68 1.586 iii 2.587 Total net assets 3529 3.974 Funds of thè charlty Income Funds 2,5071 3,974 6.481 Restricted Total funds of the cha 12 3.530 3530 3.530 S991 3,974 3.974 2A61 2.S07 The notes at pages 29 to 41 fom part of these accounts. The financial statements were approved by the Corporate Trustee on 27th of November 2025 and signed by.. on behalf of the Corporate Trustee Date.........27th November 2025 28
Notes to the financial statements for the year ended 31 March 2025 1. Accounting Policies Basis of preparation The financial statements have beerr prepared under the historical cost convention, with the exception of investments which are included at fair value. The accounts (financial statements) have been prepared in accordance with the Statement of recommended practice.. accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. The accounts (financial statements) have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued in October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The presentation currency of these financial statements is sterfing. Al amounts in the financial statements have been rounded to the nearest £1,000. The Corporate Trustee considers that there are no material uncertainties about Northumbria Healthcare's charitable funds ability to continue as a going COnrn. There are no material uncertainties affecting the current year's accounts. The charity's accounts are prepared on a going concem basis. The only obligated expenditure the charity is committed to in the next twelve monlhs is the administration costs of running the charity. There are sufficient reseNes to meet this commitment for the foreseeable future. The Trust constitutes a public benefit entity as defined by FRS102. The charity's Corporate Trustee and parent undertaking. Northumbria Healthcare NHS Foundation Trust, includes the charity in its consolidated financial statements. The consolidated financial statements of Northumbria Healthcare NHS Foundation Trust are prepared in accordance with FRS 102 and are available to the public and may be obtained from the Trust website {www.northumbria.nhs.uk). In these financial statements, the charity is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures- Cash Flow Statement and related notes: and Key Management Personnel compensation. As the consolidated financial ststements of Northumbria Healthcare NHS Foundation Trust include the equivalent disclosures, the charity has also taken the exemptions under FRS 102 available in respect of the following disclosures.. The disclosures required by FRS 102.11 Basic Financial Instwments and FRS 102.12 Other Financial Instrument Issues in respect of financial instruments not falling within the fair value accounting rules of Paragraph 36(4) of Schedule 1. As the charity is a wholly owned subsidiary of Northumbria Healthcare NHS Foundation Trust, it has taken advantage of the exemption contained in FRS 102.33A and has not disclosed transactions or balances with wholly owned members of this group. 29
1.1 Accounting Convention The financial statements are prepared in accordance with the historical cost convention. as modified for the revaluation of certain investments which are included at fair value. 1.2 Income a) Income is recognised in the statement of financial activities (SOFA) when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilities. Income is recognised in the accounts of the charity when all of the following conditions are met- il Entitlement- control over the rights or other assets to the economic benefit has passed to the charity- ill Probable - it is more likely than not that the economic benefits associated with the transaction or gifl will flow to the charity,. and iii) Measurement- the monetary value or amount of the income can be measured reliably and the costs incurred for the transaction and the costs to complete the transaction can be measured reliably. b) Gifts in kind i) Assets given for distribution by the funds are included in the Statement of Financial Activities only when distributed. li} Assets given for use by the funds (e.g. property for its own occupation) are included in the Statement of Financial Activities as income when receivable. iii) Gifts made in kind but on trust for conversion into cash and subsequent application by the funds are included in the accounting period in which the gift is sold. In all cases the amount at which gifts in kind are brought into account is either a reasonable estimate of their value to the funds or the amount actually realised. The basis of the valuation is disclosed in the annual report. c) Donations in kind Donations in kind {e.g. the provision of free accommodation) is included in the accounts with an equivalent amount in ongoing resources, if there is a financial cosl borne by another party. The value placed on such income is the financial cost of the third paty providing the resources. d) Legacies Pecuniary and residuary legacies are accounted for as income once the reIpt of the legacy is probable. This will be once confirmation has been received from the representatives of the estate that payment of the legacy will be made or property transferred. the executors have established that there are sufficient assets in the estate to pay the legacy and all conditions attached to the legacy have been fulfilled. If there is uncerlainty as to the amount of the legacy and it cannot be reliably estimated then the legacy is shown as a contingent asset until all of the conditions for income recognition are met. Income from reversionary interest of 'life interest. legacies is treated as re1vable when conditions associated with the payment have been recognised {e.g. death of a life tenant). Any material assets bequeathed to the charity but subject to a life tenancy interest held by a third party are disclosed in the accounts. e) NVS Shops All sales made in the NVS shops are in cash and are recognised at the point of sale. The principal purchases of goods to be sold are paid for on a direct debit basis at the end of each month and hen no creditors are required 30
to be recognised. Any year end inventory in shops is excluded from the accounts as the Corporate Trustee does not consider it to be material. 1.3 Expenditure Charitable expenditure is expenditure related to the aims and objectives of the charity. All expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met" There is a present level of constructive obligation resulting from a past event- It is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement- and The amount of the obligation can be measured or estimated reliably. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. a) Cost of raising funds The costs of generating funds are the costs associated with generating income for the funds held on trust. b) Grants payable Grants payable are payments made to linked, related paty or third party NHS bodies and non NHS bodies, in furtherance of the charitable objeclives of the tunds held on trust, primarily for the relief of Ihose who are sick. Grant payments are recognised as expenditure when the conditions for their payments have been met or where there is a constructive obligation to make a payment. A constructive obligation arises when- We have communicated our intention to award a grant to a recipient who then has a reasonable expectation that they will receive a grant., We have a public announcement about a commilment which is spectfic enough for the recipient to have a reasonable expectation that they will receive a grant., and There is an established pattem of practice which indicates to the recipient that we will honour our commitment. The Corporate Trustee has control over the amount and timing of grant payments and consequently where approval has been given by the Corporate Trustee and any of the above criteria have been mel then a liability is recognised. However. when they are then those conditions have to be met before the liability is recognised. Where an intenlion has been communicated, then no expenditure is recognised but an appropriate designalion is made in the appropriate fund. If a grant has been offered but there is uncertainty as to whether it will be accepted or whether conditions will be met then no liability is recognised but a contingent liability will be disclosed. c) Governance Costs Governance costs are classified as a support cost and therefore have been apportioned between fundraising activities and charitable activities. 31
d) Support costs Support costs are those costs which do not relate direcdy to a single activity. These include some staff costs, costs of administration, internal and extemal audit costs and IT support. Support costs have been apportioned between fundraising costs and charitable activities on an appropriate basis. e) Fundraislng costs The costs of generating funds are those costs attributable to generating income for the charity. olher than those costs incurred in undertaking charitable activities or the costs incurred in undertaking trading activities in furtherance of the charity s objects. fj Charitable Activities Costs of charitable activities comprise all cosls incurred in the pursuit of charitable objects of the charity. These costs. where not wholly attributable. are apportioned beeen the categories of charitable expenditure in addition to the direct costs. The total costs of each category of charitable expenditure include an apportionment of support costs as shown in note 6. 1.4 Investment Fixed Assets i) Investment fixed assets are shown at market value. li} Quoted stocks and shares are included in the balance sheet al mid-market price, ex-div. iii) Other investment fixed assets are included at Corporate Trustee's best estimate of markel value. Inveslments are a form of basic financial instrument. Fixed asset investments are initially recognised at their transaction value and are subsequently measured at their fair value (market value) as at the balance sheet date. The Statement of Financial Activities indudes the net gains and losses arising on revalualion and disposals throughout the year. Quoted stocks and shares are included in the Balance Sheet at the current market value quoted by the investment analyst, excluding dividend. Other investments are included at the Corporate Trustee's best estimate of market value. The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk and changes in sentiment conceming equities within particular sector sub subsectors. 1.5 staff and Pension Costs No staff were directly employed by the charity during the year. Northumbria Healthcare Care NHS Foundation Trust fully re-Gharged Bright charity for the 12 whole time equivalent members of staff who work full time for the Gharity. 4 of these staff work in charity management, administralion and fundraising with the remaining 8 whole time equivalent staff working in the Northumbria Volunteer SeNice shops. Some of these staff members belong to the NHS Pension Scheme which is an unfunded defined benefit scheme which is accounted for as a defined contribution scheme. The recharge from the Trust includes the employee contributions to thal scheme. For more information on the NHS Pension Scheme refer to the Trust annual report and accounts. 32
1.6 Structure of Funds When there is a legal restriction on the purpose to which a fund may be put. the fund is classified in the accounts as.. a restricted fund or an endowment fund Restricted funds are those where the donor has provided for the donation to be spent in furtherance of a specified charitable purpose. Endowment funds arise when the donor has expressly provided that the gift is to be invested and only the income of the fund may be spent. Other funds are classified as unreslricled funds. Unrestricted funds which the Corporate Trustee has chosen to earmark for set purposes are also classified as designated funds. The major funds held within these categories are disclosed on notes 12.1 and 12.2. 1.7 Realised and unrealised gains and losses All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or date of purchase if later). Unrealised gains and losses are calculated as the difference beiween market value at the year end and open market value (or the date or purchase if later}. 1.8 Debtors Debtors are amounts owed lo the charity. They are measured on the basis of their recoverable amount. 1.9 Cash and Cash equivalents Cash at bank and in hand is held to meet the day to day running costs of the charity as they fall due. Cash equivalents are short term, highly liquid investments. 1.10 Creditors Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt. Amounts which are owed in more than a year are shown as long tenn creditors. 1.11 Related Party Transactions Northumbria Healthcare NHS Foundation Trust is the corporate trustee of the Bright Charity as well as its main grant beneficiary- they are therefore related parties. Northumbria Healthcare makes a number of clerical and transaclion services available to the charity. These include: Management and govemance services at a cost of £243,000 {£110,000 in 2023124) fundraising services at a cost of £14,000 (£31.000 in 2023124)- see note 7. 33
accountancy and administrative services at a cost of £70,000 (£64,000 in 2023124) in support of the charity's grant making activities which are included within support costs - see note 7. None of the members of the NHS Trust Board or parties related to them has undertaken any transactions with the Bright charity or received any benefit from the charity in payment or kind. Board members received no honoraria or emoluments in the year and no expenses paid to them in the year (2024125-Nil).
Northumbria Healthcare NHS Trust Chari 2. Donations and Legacies Year Ended 2025 Year Ended 2024 Unrestricted Funds £000 Restricted Funds £000 Total Funds £000 Total Funds £000 Donations from individuals Corporate Donations Legacies Total voluntary Income 250 300 36 286 300 195 300 iii iii 1,117 1,612 550 147 697 3. Income from charitable activities Year Ended 2025 Year Ended 2024 Unrestrirted Funds Restricted Funds £000 Total Funds £000 Total Fun(Is £000 HVS Shops Other Total activities for generating funds 1.398 50 1.398 50 1,448 1,180 24 1,204 The above income relates to shops at The Northumbria Specialist Emergency Care Hospital at Cramlington, North Tyneside General Hospital. Wansbeck and Hexham Hospitals and Blyth Hospital. The shops sell refreshments and general provisions to patients and visitors to the hospital. The shops are staffed principally by volunteers working under the name of the Northumbria Volunteer Service (NVS). In addition to the volunteers there 13.63 whole time equivalent paid staff working the shops who are direclty employed by the Foundation Trust (paragragh 1.5 Accounting Policies) All income from operation are made available to the charity and expenditure of the profits is included under Note 6 under Charitable Activities. 4. Investment income Total gross income Year Ended 2025 Total Funds £000 Year Ended 2024 Total Funds £000 Unrestrirted Funds £000 Restrirted Funds £000 Investments listed on Stock Exchange Investments in a Common Deposit Fund or Common Investment Fund 61 ioi 98 Other investments and deposit accounts Total investrnent income 55 84 139 97 95 145 240 195 35
Northumbria Healthcare NHS Trust Charity 5. Expenditure on raising funds Unrestricted Restricted Total 2025 Funds Funds Total Funds Total 2024 Total Funds Fundraising costs Total cost of generating funds 33 33 33 33 31 31 6. Expenditure on charitable activities Unrestricted Restricted Total 2025 Funds Funds Total Funds Total 2024 Total Funds £000 £0002 Purchase of New Equipment New Building and Refurbishment Staff Education and Welfare 25 116 181 297 19 73 125 198 43 Patient Education and Welfare 360 137 497 213 IT Equipment and Software Grants to Other Charities 34 62 62 51 Support Costs and Overheads Costs of good sold - HVS Shops Total cost of charitable activities 142 214 356 222 1,228 1,228 1,003 1,981 657 2,638 1,610
Northumbria Healthcare NHS Trust Chari 7. Allocation of Governance, support costs and overheads Allocted to cost of charitable arti¥tties Raising Funds Total 2025 Total 2024 £0 Governance- External Audit Governance- Other costs Total governance costs 15 15 23 17 25 Financial administration and accourrtancy costs Direct managerial and operational costs Cornputer expenses Mi5cellaneou5 Total othèr support tosts 14 229 243 iio 20 zo 23 14 319 333 197 Total governanct, support tosts znd overheads 14 356 222 Financial Services and Govemance costs are allocated on the basis of time spent by Trust employees providing these services to the charity- External Audit fees are a direct cost to the charity- The £356,00012024= £222.0001 of support costs is included within the Cost of Charitable Activities (Note 6). The charity does not direclly employ any members of staff. The governan and financial services used by the charity are provided by employees of Northumbria Healthcare NHS Foundation Trust. The cosl of providing these services is recharged to the charity by the Foundation Trust. Costs are calculated on the basis outlined above. 8. Analysis of Fixed Asset Investments 8.1 Fixed Asset Investments Year Ended 2025 Total Funds Year Ended 2024 Total Funds Unrestricted Funds Rèstrlrted Funds Market value at start of year Purchased- book cost Net gain I Ilossl on revaluation unrealised Gross tr8n5fer between funds Mark•t valu• at •nd of y•ar 2,388 3.894 3,457 11251 135 179} 11351 2.174 12041 437 1516 3,6 3,894 All investments are held primarily to provide an investment retum for the charity- 8.2 Market value at 31 March Total 2025 Total 2024 £0002 Investments in a Common Deposit Fund C(Mnmon Inveslment FUNI." COIF Ethical Income Fund 1.733 1.957 2.084 1.810 3.894 COIF Global Equty Fund Total flxed assets Investments There are no direct inveslmenls held outside the UK. Both common investment fund holdings are considered to be material and are disclosed. There are no individual listed investments in fixed asset investments. 37
Northumbria Healthcare NHS Trust Charity 9. Analysis of Debtors Amounts falling due within one year Total 2025 Total 2024 Unrestrirted Funds Restrirted Funds Total Funds Total Funds Accrued income 15 22 37 iio Total debtors 15 22 37 iio Accrued income represents income earned but not yet received on investments and legacies where the receipt of the legacy is probable. 10. Analysis of Creditors Amounts falling due within one year Total 2025 Total 2024 Unrestrirted Funds Restricted Funds Totsl Funds Total Funds Trade creditors Total creditors 98 140 238 238 iii 98 140 iii Creditors consist of money owed to Northumbria Healthcare NHS Foundation Trust in respect of goods and services bought by Ihe charity but initially paid for by the Trust 11. Short Term Investments and Deposits Short temi Investments Unrestrirted Funds £0 Restricted Funds Total 2025 Total 2024 Market value at start of year Nel gain on revaluation unrealised Net gain on revaluation realised pr(edS of sale - book cost ProedS of sale - Realised gain on disposal Market value at end of year Deposits Unrestrirted Funds Restricted Funds Total 2025 Total 2024 £000 £0002 COIF Deposit account Building Society Accounts Total deposits 390 560 950 950 15 965 15 965 T tal short term invesb* and deijosits 396 38
NorthumbDa HeallhGare NHS Tru51 Chari AnalyAls of Funds 12. Endowment Funds Th& ch$rily held no endoWrt1undS * 31 Matth 2025131 PJar¢h 2024- nil.) Materfal funds 12. d Funds BalarKe 31 Mh 2024 £000 Inv)ming Resourres Resources ExpprKle¢l Iloss•sl on Balan JI MarEh 2D25 £DOO £000 NVS Fur IBtythI NVS Fund Icramlingtonl NVS Fund IHexharDI NVS Fund INorth Tynesidel NVS Furby IWansbe( NVS sUrus Berwick General Fund Cardiology Fund IWGHI Cardlne's CCAIW Fund Chansma Study Res8aGh Ch8rn0 Unil Berwick Diabeiic Educauon Fund Esprll Researth Fund H9xhaTll C?n¢8r Equipm8Dt Fu ITU Trustiide Oncology Day Unit (WGHI Oncology Fund INTGHI Palliative Care Morthutnbna Parkin50n Disease Fund Profess Research Fund Spe¢l¥l care Baby Unlt- Tnthide Tanzania EduGabon?l Fur Teardrop Project WGH PallIave Care (Oasis Room HalMhi$tle Hospiuql Fund Hexharn H(bspilal Ggngral Fund erea5t Disease Fund NTGH- Ward 22 stroke Ward Phann8cy ChgriLgNe Fund Cowd 19 Dofjalions Fund NHFML 2025 Other5 Total unre5trf¢ted knd5 1431 640 136 179} 56 410 53 43 47 43 102 57 103 22 93 37 315 127) 26 13 20 92 30 16 24 39 34 510 240 12601 er unrestricted fuDdsoflhe charity are degwated funds i.e. there Is rK> Wl re5InCti on ihe use (lthe fuThts howeverthe CorpOte Trnstee has earmrked the fundskn be a partularrAxrM)se in the fUre. This purr# is indi¢ated by the name given to these deSignad tvnds. 12.2 Restricted Funds Gainsl Oosses) on Balance 31 Marc IToMIng Resources Other Balae 31 Covid 19 Donations Fund Legary- MR NHFM Limited DtIon Lggaw- SA Legary- IE acy.PS Legacy- SL 307 157 824 277 337 2ty 336 313 319 207 14 132} 312 Legary- FA qacy- PD Leya¢y- RS Legacy- JP Legacy- CM acy-DM Legacy- M 154} 19) 105 45 87 87 79 75 62 61 47 61 Legacy- LR 35 Lè acy.VK DevelopttKnl Group- Wan5beGk North Northutnberfand CDG FUTVJ North Tweside CDG Fund Community CDG Fund yth CDG Fu others Total restricted fimds 125 19 144 33 123} io 118 29 1681 158 39
Northumbria Healthcare NHS Trust Chari 12.3 Detalls of Materlal Funds Name of fund ofthe nature and of each fvnd Ro8trlct8d Fund8 Legacy- MR Legacy- SA L8gacy- IE Legacy- PS Legacy- SL Legacy- DW L898¢y- FA L8gacy- PD Lacy- RS La¢y- JP L8ga¢y- CM Legacy- DM Legacy- MM Legacy- WG L8g8cy- LR Legacy- AP Legacy- VK Covid 19 Don?on$ FuThY NHFM Limited Donation 2024 Developtnenl Group- Wansbeck North Northumberlarvj CDG FurMI North Tyneside CDG Fund Community CDG Furwj Blyth CDG FUTh Legacy r1ved for the purdSe of rTEdral equipment Legacy 1ved for the gerw¥l purposes ol Trusl Legacy rnceived for w ai BeMdE Hos181 Legacy re(zived for use al North TY[se Ger Howt Legacy e1ved for at BeF%Md( H05Pit Legacy re¢ei¥ed for cartrr services in Northumberfand L898¢y re¢tiv8d lor he81th sem$ in MThih 8r8a Legary r1Ved for equiptnenl at Hexham 5[tal Legacy received for use at North TSe Genera Howtal Legacy received for w wtrin str¢ke servi Le9a¢y iÈctived for in mw)tsl health ser¥i¢es Legacy retsived for at North TY[se Gen Howtrl Legary e1ved for trn eldthy mlne Legacy receive(I for Inlengve Care senrice L898cy ceIVed for (Xo9Y seNc8S Legary re(zived for palliative (are seTvices Legacy 1ved for use %Mtr¥n OrKX)Iwy Day Unit at North Tyneside General Ht>spilal For dorwiions made in repsonse lo pandemi¢ restiided to spwfi¢ purroses 0¢allOn Trom NOrththILa FatslTiies m8n8gerydnt Limi18d for the upgrade oflha Trusts Genpral puFtK>ses restricted to Ihe Wansbpck area Gerra1 puFw>ses restricted to Ihe North NorthumberfarKI area GerEral purposes resrricted the North TyrEside area G8rral putptssts rèskn¢t8d to N(Mthum[1arj Commrmty SeNc8s Genpral putw>ses reslricled to Ihe Blyth area Unr6stri¢tod Funds NVS Fur(81yrhl NVS FurKJ ICr8mlingtonl NVS Fu1 (Mexhaml NVS FurKI (North Tynesidel NVS Fur Iwansbeckl NVS Surplus Fund BepNi¢k Gereral Fun Cardidogy Fund Carolint's Com81 Fund Chansrna Study Research Chemo Unit Berwick Di8btiic Education Fund Esprit Research Fund Hexham Cancer EquipnEnt ITU Truslwide Oncdogy Day Unil WGH OncJogy Fund Palli8live Care Northumbria PaTkinson's Disease Fur Prof&Ès R8s8arch Fund Special Care Baby Unit Tanzania Education Fund Teardrop ProjeGt WGH P811i81ive C8r8 (Oasis Rocthl H3liwhisle Hospital Fund Hexham Hospital General Fund Brpast Disease Fu Ward 22 Stroke FurKI Pharmacy Charitsble Fund Cowd 19 Don8tions Fu NHFM Limited Doriation 2025 Genpral putw>ses in Blyth area Gerral puwDs&s at N(xthumbria SaliSt Emeryency Car& Hospital Gereral purposes in ttrt Hetham a General Pr>seS in North TyrEside area Genpral putw>ses in the WansW ea For Un8Clad Trustsde GerEral purroses of Bck hospitsl Impromty carKY serMS atwansbeck Hospital Promote unde[sr¥jirvJ of in palli8tiv8 (r8 Researchiry stroke prevention Chemolhprapy Unit at Ber%ck Hospital To 8UPPUrt t11 for Diabtries Stsff For research INO ca of strokes To purchase equipmentfOrcar Se$ at Hexlwm For the T[uStde 1[rtenVe Care Sem For improvirwj pabent experieThx ai tr OrKxlogyday unil For orK¢logy Iwlments and staff education Sw)wrtfor palliati care patiwts in North Tynegde atKI Northumberfand For research into parkn['s disease To promit stroke prevenbon re$Èarth For imwoviThJ faolitses wilhin SCBU TnJslwYe Urmlertake research suptXHtI by British cou1 for bereaved fatnilies after infatrt death Impwrwj p811i8tivt (art seN¢s ai Warth¢k Hosyial For gerwal wrposes of Hexh8m Hospitsl For general purFK>ses at Hallwh5Ie Hostxkl Itnpr(Mnq Breast disease SeMS Truslwe For the general purposes ofltÈ siroke wa North Tyned For support of Pharamcy servi$ TrustiM(k For the general purFXW 50f Ihe charity T[Usivde rknation from NortlxHnbria Faolslies Managet knmited for genpral putposes 13. Commltsnents. Llabllltles and Provlslons The ch8ri1y had rrf) commitments. liaknlilies or prows0 al the 31 March 2025131 March 2024- r•ll 14. Connec¢ed Organisations Natne, nature of tonnÈcbOn, descript of acbvitE5 undertaken and details of any qualificati(r expressed by their audrtors rity ts administered by Northutnbri8 HeokFKare NHS Foundation Trn. The Trust Board members are representatives of CNror3te Trustee of the (Jarity Turnover OF Net dt for Turyw of Net surplus for tr (tynisati (gan1 IRted) Organub 882,033.1NXI 129.930.Ll s,358,(Kl 29,486,ot 40
Northumbria Healthcare NHS Trust Chari 15. Related Party Transactions The Charity is connected lo Northumbria Healthcare NHS Foundation Trust. it being the sole Corporate Trustee of the Charily. The Board of Directors of the Foundation Trust therefore have (Jirect control of the charity through their control of the Foundation Trust. The Charity's objedives are to apply income and capital for any charitable purpose relating lo setvices provided by the Foundation Trust and therefore the resources expended relate to the Foundation TNSI in this way. During the year the charity had a number of inter-company transactions wth the Foundation Trust. Al the 31 March the value of the inter-company balance was £238,000, that is the charity owed £238.000 to the Foundation Trust. During Ihe year none of the members of Ihe Foundation Trust Board or members of the key managemenl slaff or parties related to them has undertaken any material transactions with the Charitable Trust. The charity is included within the consolidaled financial statements of the Northumbria Healthcare NHS Foundalion Trust, for which copies may be obtained from the Trust website {www.northumbria.nhs.uk}. Members of the Foundation Tnjst Board.. Executive Directors Biryu Bartoli Paul Dunn Kate Thompson Jeremy Rushmer David Elliott Marion Dickson Alislair Blair Chief Execulive Officer Executive Director of Finan( Executive Director of People and OD Executive Medical Direclor Executive Chief Digital Information OffIr Executive Director of Nursing, Midwifery and Allied Health Professionals Executive Medical Director Interim Executive Director of Medicine and Emergency Care Business Unil {from 1 st October 2024 10 31Xh September 2025) Executive Director of Operations (from 6th October 2025) Simon Eaton Hannah Powell Non-Executive Directors Chair (Chair from 1st September 2023 and Interim Joint Chair wth Newcastle Upon Tyne Hospital NHS Foundabon Trust from 18th July 2024. Share(I Chair for Gateshead, Newcaslle and Northumbria NHS Foundation Trusts from 1st October 2025) Non- Executive Director (Vice Chair Sin 18th July 20241 Non-Executive Director Non-Executive Director Non-Executive Director (10 31st October 2024) Non- Executive Director (to 31st March 20251 Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director (from November 2024 previously Associate Non-Executive Director to 31 st October 2024) Non-Executive Director (From 1st April 2025, previously Asso(aate Non-Executive Director frorn 25th November 20241 Associate Non-Executive Director {From 1st September 20251 Sir Paul Ennals Ruth Connorton Margaret Rowe Richard Dale Bernard Mccardle Sir Alan Craft Andrew Besford Stephen McKinlay Philip Lobb Katie Stevens Dr Maria Clement Sarat Pediredla No remuneration was paid to members of the Trust Board in 2024125 (2023124- Nill. No expenses were paid lo Trust Board members in 202412512023124 - Nill. No Trustee indemnity insurance was paid in 202412512023124 - Nill. 41