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← London North West Healthcare Charitable Fund

2025-03-31-accounts

London North West Healthcare Charity Annual Review 2024-25 ly

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Contents

Who we are 3 Grant commitments 2024/25 22
A message from our team 4 Looking ahead: our goals for the future 23
Our four priorities 6 Fundraising strategy 24
Our annual review 7 Working with our partners 25
Our financial performance 2024/25 8 Our structure, governance and management 26 Our structure, governance and management 26
LNWH Charity 2024/25 charitable activities Policies and procedures 28
•
Patient welfare		 10
•
Equipment and facilities		 12 Trustees’ responsibilities statement 32
•
Staff welfare		 14 Independent auditor’s report to the
•
Training and education		 16 Corporate Trustee of LNWH Charity 33
•
Fundraising 2024/245		 18 Annual accounts figures and notes to the
Upcoming events 21 accounts 37

2 Annual Review 2024-25

Who we are

London North West Healthcare (LNWH) Charity is the official dedicated charity for London North West University Healthcare (LNWH) NHS Trust, generating funds for Central Middlesex, Ealing and Northwick Park Hospitals and local community services in Brent, Ealing and Harrow.

LNWH NHS Trust employs 9,000 staff who look after a wonderfully diverse population of more than 1 million people in north west London.

Our charity supports LNWH NHS Trust staff in delivering exceptional healthcare by funding equipment, medical research, innovation, advanced technology, and facilities that would not normally be funded by the NHS.

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A message from our team

2024/25 saw us fund more amazing projects to benefit our patients.

It’s been another exceptionally busy and financially challenging year for LNWH NHS Trust, and we have been supporting more innovative projects, both big and small, where we can.

You’ll read more about them throughout the report, but we’re particularly proud of our involvement with improving patient experience, such as mobile pharmacy dispensing units on wards, which means patients get their medication sooner so can go home from hospital more quickly.

We’re also delighted to have funded a trial, where older and dementia patients are offered decaffeinated drinks to help reduce the risk of falls. You can read more about it on page 11. ~~ee~~

Staff welfare is also one of our priorities. Whether it’s to fund useful seminars about financial management, a staff counselling service or 5-a-side football games, we know it makes a huge difference to their wellbeing and eases stress, so are happy to help.

David Jenkins, Charity Director

Wendy George, Sofia Sheikh, Head of Charitable Funds Head of Fundraising

Maeve Quinn, Communications Manager

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“Our heartfelt thanks to you. Because of your kindness, we can provide support to patients and staff in LNWH NHS Trust, where it is most needed”.

We were thrilled to kick start our Charity awareness campaign at Northwick Park Hospital, to increase our visibility across the Trust and make it easy for staff, patients and visitors to contact us.

Of course, we couldn’t do what we do without the amazing support of fundraisers, volunteers and donors. You never cease to amaze us. Your generous contributions during difficult financial times supports the work of LNWH NHS Trust staff and makes a difference to staff, patients and their families.

It’s essential that we ensure that the wishes of donors are respected as far as possible, and we engage with them regularly to keep them informed about how their kind donations are used.

We know we can depend on numerous supporters to help us grow and develop, so we can carry on making a difference to staff and patients at Central Middlesex, Ealing and Northwick Park Hospitals and our community sites.

Continue reading our report to find out more about what drives us and why we love doing what we do.

Victoria Kaka, Panna Pala, Sujata Patel, Abdiwahaab Mohamed, Charity Projects Manager Assistant Charity Accountant Charity Accounts Assistant Fundraising Officer

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Our four priorities

Improving patient and staff experience

Equipment and facilities

Training and education

Research and innovation

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Our annual review

When our Corporate Trustee board and members of the Charitable Fund Committee decide on which projects to pursue, they refer to the Charity Commission’s general guidance on public benefit. We aim to ensure that all projects we support align with our charitable aims and objectives.

During 2024/25, the Charity successfully funded charitable activities worth £554,000. The funding had a significant impact on staff and patients at our three hospital sites and community sites and demonstrated the public benefit of the Charity.

Again this year, the highlights of our funding activities included improving patient experience and supporting staff wellbeing.

We believe that staff who are better looked after, and who have more support, provide better care for our patients.

Our funding meant that staff could experience the daily issues autistic people face on a specially adapted bus. As part of Learning Disability Week, the bus visited our hospital sites so colleagues could have an autism reality experience using immersive, hands-on training.

including the Health Service Journal (HSJ) awards.

LNWH NHS Trust has an equal opportunities policy which applies to the Charity. LNWH Charity serves all members of the public regardless of ethnicity, religion, disability, colour, race, sex, or sexual orientation. We are committed to working in partnership with LNWH NHS Trust as an addition to their service and upholding their HEART values: Honesty, Equity, Accountability, Respect and Teamwork. Our Charity operates by the guidelines and policies of LNWH NHS Trust to ensure maximum benefits to the public.

We are very proud to have achieved our goals thanks to the generous donations of our supporters and fundraisers..

Our Impact Report aims to demonstrate our Charity’s tangible impact on the community.

We funded various staff welfare initiatives in 2024/25, including ice cream treats for staff to celebrate the NHS’s birthday, fruit baskets to award wards for their dedication to patient care and safety and welcome gift bags for new staff.

We made it possible for staff to attend various award ceremonies, where they had been shortlisted to receive an award,

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Our financial performance 2024-2025

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TOTAL
Income
£769,000
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TOTAL
Expenditure
£1,297,000
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[ Support costs ] £366,000

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TOTAL
Charity
Expenditure
£554,000
Excluding Support
Costs
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Unrestricted Funds

Unrestricted Funds are general funds with no restrictions on how they can be spent. LNWH Charity’s unrestricted fund balance as of 31 March 2025 is £2.49m. The charity’s total unrestricted funds include its reserve balance.

Restricted Funds

As of 31 March 2025, the restricted funds total £5.62m and are designated for specific purposes to support various wards and departments.

£920,000 S. Total charitable activities, including support costs

£2.49m

Total balance of unrestricted funds

£5.62m Total balance of ie restricted funds

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LNWH Charity 2024/25 charitable activities Patient welfare

Giving young patients a voice

Our funding helped to set up a Young Person’s Patient Council so children and young people can share their experiences of using LNWH NHS Trust services and work with staff on Jack’s Place, our children’s ward, to make improvements.

For instance, parents/carers said that they found it difficult to leave their children to get food or drinks. So, a parents kitchen was decorated, a dedicated fridge installed, and tea, coffee, sandwiches and biscuits provided.

“Families have been really engaging and have given us some great ideas to make their stay on the ward a little easier.” Gail Manning, registered health play specialist

Music therapy sooths sick babies

We are thrilled to fund music therapy to benefit our parents and new-born babies during what can be a stressful and worrying time. Premature or sick babies are cared for on our neonatal unit, and they can be with us for many weeks, depending on their health care needs.

Musician, Elkie Jeffery, works for the Music in Hospitals in Care Charity, and visits Northwick Park Hospital neonatal unit every two weeks.

She sings calming lullabies and plays soothing music to babies and their parents, which they all enjoy.

“Elkie’s visits are often unexpected treats for parents, and their feedback is really positive. Staff also enjoy her music, as they go about providing specialist care for very sick babies.” Ann Jones, matron

10 Annual Review 2024-25

“Falls are the most common cause of injuryrelated deaths in people over the age of 75, so we want to do everything we can to ensure our patients are safe when they’re in hospital.”

Rebecca Tobin, transformation fellow

Decaf reduces risk of hospital falls

We were delighted to fund a trial to help keep our older patients safe. Evidence shows that caffeinated drinks make people go to the toilet more often which, in turn, puts older people at greater risk of falling.

By switching to decaf, this lessens the risk, helps improve sleep and reduces agitation and palpitations.

Helping stroke survivors

Our funding means that stroke survivors in Harrow can now join a support programme to help them on their road to recovery.

LNWH NHS Trust stroke team have teamed up with Watford FC Community Sports and Education Trust (CSE) to provide a healthy lifestyle programme for stroke survivors.

“The ultimate aim of the programme is to help stroke survivors to transition from hospital to the community, build their confidence and ensure they have the right tools to go on to live long and healthy lives.” Sophie Kempsford, clinical specialist physiotherapist for stroke

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LNWH Charity 2024/25 charitable activities Equipment and facilities

Restaurant style buzzers save time in ED

Thanks to our funding, patients who need blood tests in our Emergency Department (ED) at Northwick Park Hospital are now being given restaurant style buzzers.

In such a busy environment, patients often don’t hear their name being called, but that’s a thing of the past. Patients who need a blood test but are hard of hearing, have language barriers or are vulnerable are given a device which buzzes and flashes lights when it’s their turn to be seen.

“We’re seeing a real difference. Not only do they save staff time trying to locate a patient in our busy waiting room, but patients who are vulnerable, in a wheelchair for example, can make themselves known and we can help them get to where they need to be for their test.”

Ellie Warwick, advanced clinical practitioner in the ED

Improving surgery for breast cancer patients

We funded a breast cancer verification system which allows surgical teams to identify the border of normal tissue surrounding a cancerous tumour, without samples having to be sent out of theatre.

This means that patients are under anaesthetic and in surgery for a much shorter time.

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Green project

Last year we committed £1m towards transformation and innovation and the green project was given the thumbs up by staff who voted for this and three other projects to go ahead.

Staffroom makeover

We were delighted to refresh the pharmacy staffroom at Central Middlesex Hospital with new furniture and appliances, so staff have a comfortable space to take their breaks.

LNWH NHS Trust, working in partnership with Cultivate London, identified several locations on the Ealing and Northwick Park Hospital sites which were cleared and planted with wild seeds to encourage biodiversity, attract more insects and wildlife and create green spaces for staff and visitors to enjoy.

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LNWH Charity 2024/25 charitable activities Staff welfare

Staff Excellence Awards

We are proud to be one of the sponsors of LNWH NHS Trusts’ annual awards ceremony. The 9th event, which hosted 600 guests, was held in November last year at Wembley Stadium, and was presented by singer and TV host, Mylene Klass.

The ceremony showcases and celebrates the vital work that staff do every day across our services and LNWH NHS Trust received over 900 nominations from grateful patients, family members and colleagues. Winners in 14 categories were announced on the night, including Fundraiser of the Year, Unsung Hero, Volunteer of the Year, Team of the Year and Lifetime Achievement.

This is the main staff recognition awards event for LNWH NHS Trust, and it has grown in popularity over the years with feedback from previous attendees being overwhelmingly positive.

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Thank you to our nurses

We were delighted to help celebrate International Nurses Day and what a better way to say thank you, than with delicious cupcakes.

Members of the LNWH NHS Trust senior team delivered the cupcakes and enjoyed chatting to all our amazing nurses.

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LNWH Charity 2024/25 charitable activities Training and education

LNWH Charity supported the training and education needs of LNWH NHS Trust by sponsoring 36 staff to attend conferences and external courses so they can update their skills.

These were at no additional cost to LNWH NHS Trust’s revenue budget. The additional training helps staff to improve their skills, the quality of care they provide to patients, and improve services.

Stoma management training

Staff now have the confidence and knowledge they need to care for patients with a stoma, thanks to our funding.

Stoma care is more than just changing a stoma bag. Patients and ward staff now have the knowledge to provide basic stoma care, which is not difficult once they learn how to do it and are confident.

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Orthodontic Study Day
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16 Annual Review 2024-25

Training helps rehab patients focus on the positives

Solution-focused brief therapy (SFBT) training, provided Kruti with a structured approach to help patients focus on their strengths, identify meaningful goals, and build confidence in their ability to cope with their condition.

“The SFBT course gave me the tools to shift conversations from a problem-focused mindset to a strengths-based approach. I can share the learning with my colleagues, so all our patients will benefit.” Kruti Jani, speech and language therapy assistant

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LNWH Charity 2024/25 charitable activities Fundraising 2024/25

Activity bags for dementia patients

Scarlett Blennerhassett, as part of her Duke of Edinburgh Gold Award, secured funding to provide wonderful activity bags for our older and dementia patients.

The bags include word search, sudoku and crossword puzzles, colouring books, white boards, playing cards, dominos, fidgets, pens, pencils and notebooks which are proven to be engaging, therapeutic, and mentally stimulating.

Bugler Foundation

The Bugler Foundation have been fundraising for LNWH NHS Trust neonatal unit for many years. Last year alone, they raised over £16,000 through golf days and auctions.

“We’re so grateful to receive these kind donations. The money will be used to make the unit more welcoming and comfortable or to purchase equipment to improve services for premature babies and their families.” Marianna Marothy, neonatal consultant

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Sabina’s 3 Peaks Challenge for surviving breast cancer appeal

Santa in the city fun run

Some of our pharmacy team donned their Santa suits to take on the 4.5k fun run, along with thousands of other fundraisers.

They all crossed the finish line and raised over £500.

“It was a fantastic experience, and we’re thrilled to have been able to support the charity.

“What will I take away from it? Don’t underestimate the power of the festive spirit – it’s contagious! We’re already talking about doing it again next year” Chris Waterhouse, specialist clinical trials pharmacy technician

Sabina Rashid, a consultant in breast and reconstructive surgery at Northwick Park Hospital ditched her much loved heels for hiking boots, to take on the Yorkshire 3 Peaks Challenge.

She raised money to help buy a tattoo machine and ink so LNWH NHS Trust can offer cancer survivors the opportunity to have their eyebrows tattooed, if they lose their hair following chemotherapy. A specially trained member of staff will also offer nipple tattoos, for those patients who have had a mastectomy and reconstructive surgery.

Her fundraising target was £500 but she raised over £1,600.

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...Fundraising 2024/25

Cole family Halloween and Christmas grotto fundraisers

The Cole family transformed their house into a haunted house at Halloween and a magical Santa grotto at Christmas to raise over £600 for Meadow House Hospice.

“It’s a lot of work, but we love doing it as the money goes to a good cause. The hospice was there for my mum, and this was our way of saying thank you.” Jason Cole

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Upcoming events

Maternity bereavement suite appeal

We are proud to help raise money for this much needed facility.

Costing £150K, we will be appealing for donations to help fund items such as flooring, furniture, fixtures and fittings, and calming wall murals.

Most women go into pregnancy expecting healthy babies, but sadly there are many couples who lose a baby.

This has a devastating effect not just on the woman and her partner but also their wider family and friends.

Currently we do not have separate bespoke accommodation that allows privacy for families to grieve, and that’s why we’re running this appeal.

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Myrtle Suite
Bereavement
Bay
|
En-suite
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Our proposed bereavement suite, the Myrtle Suite, will be a separate part of the labour ward, tucked away from the hustle and bustle. It will have a family room, kitchenette, double bedroom and ensuite bathroom, so families can spend time with their baby afterwards, in a private and peaceful space.

What does it feel like to give birth to a sleeping baby?

Priya is a busy working mum of three but her beautiful baby boy, Shayen was sadly born sleeping in August 2017.

“I woke up and I was in shock. Did that really happen? No... surely it was a dream... a nightmare. “Knowing I was in a room surrounded by other rooms not far from me where other women were having babies, living babies, as I lay here with my dead baby, filled me with anxiety. “Those first moments and hours after losing your baby are the most important. It’s a time that you never get back and the surroundings a loss parent is in can impact their healing journey.”

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Grant commitments 2024-2025

As of 31 March 2025, LNWH Charity has grant commitments to LNWH NHS Trust and a few of the material-approved grant commitments are highlighted below:

LNWH Charitable Fund provides grant funding to the LNWH NHS Trust to support the delivery of care to patients and service users in line with our charitable objectives.

LNWH Charitable Fund recognises grant commitments subject to specific conditions, including the requirement for recipients to enter into formal grant agreements. At the reporting date, material committed expenditure remains contingent upon the fulfillment of these conditions and has not been included as a liability.

As at 31 March 2025, we have grant commitments to LNWH NHS Trust totalling £73,542.

London North West Healthcare Charitable Fund Grant Commitments 2024/25

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Grant Commitments 31-Mar-25
Grant commitment Grant commitment time frame Grant commitment fund by
Material grant commitments
Trust staff mot project 12 Months from the project Unrestricted fund
phase 1 & 2 commencement.
A&E paediatric waiting 12 Months from the project Restricted fund
area-play resources commencement.
Other commitments
Other commitments - 12 Months from the project Various restricted funds
under £5,000 commencement.
----- End of picture text -----

Grant Commitments are typically given a one-year time frame for completion, but unforeseen circumstances may mean the Charity has to re-evaluate the timeline.

22 Annual Review 2024-25

Looking ahead

Our goals for the future

Show the social impact achieved by LNWH Charity

Define the operational aspect of delivering LNWH Charity’s fundraising and marketing strategy

Continue to support

LNWH NHS Trust’s Strategy “Our Way Forward” and explore more ways to work together to improve patient and staff experiences

Demonstrate

LNWH Charity’s financial stability and growth.

Continue to improve

our funding application process to ensure that it is accessible to as many staff as possible using a fair and equitable process.

Where funding is concerned, a change in direction for LNWH NHS Trust can also lead to a different approach for our Charity.

We carefully commit reserves to specific projects, especially during changes like efficiency reviews and capital projects.

The generosity of donors also strongly influences our activity.

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23

Fundraising strategy

We’re building on the strong foundations laid in the last two years, where we amplified our fundraising efforts enhancing LNWH Charity and Meadow House Hospice online presence. These improvements significantly boosted our engagement and kind donations.

Looking ahead to 2025/26, we’re expanding our reach through new online appeals to support specific departments such as the maternity bereavement suite and the breast cancer unit with items such as a tattoo machine and ink to support patients who lose their eyebrows through chemotherapy.

We’re also strengthening our relationships with community partners and charitable foundations, while continuing to deliver impactful campaigns such as the Christmas appeal for inpatients gifts over Christmas and morale-boosting events for LNWH NHS Trust staff.

With the addition of a Senior Fundraising Officer, our team is now even better equipped to grow our support for LNWH Charity and Meadow House Hospice and broaden the range of events we can deliver.

To maximise impact, we’ll focus on activities that are inclusive, engaging, and accessible to the local community, raising both awareness and vital funds for our hospitals and hospice services, while bringing people together for a good cause.

Above: Incubator cover donation Below: Ace cafe bikers toy collection

24 Annual Review 2024-25

Working with our partners

NHS Charities Together

NHS Charities Together is a network of more than 250 charities that support NHS staff and emergency volunteers, enabling them to carry out their vital, lifesaving work. LNWH Charity is proud to be a member and can therefore apply for grants to support our great work.

NHS Charities Together Stage 3 Recovery Grant Award

Our application for the NHS Charities Together Stage 3 Recovery Grant Award for £149,442 was approved in November 2022. The grant is to support the management of the health and wellbeing services for staff at LNWH NHS Trust over the next two years. The service’s goal is to create a workplace where staff feel healthy, happy, and well.

Due to changes in grant conditions, the deadline for completing this grant has been extended to March 2026. It will be used to fund two full-time and one part-time members of staff, bereavement training, exercise/fitness classes, and arts and craft materials for staff wellbeing lounges. It will also be used to pilot a local staff recognition scheme.

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Our structure, governance and management

On 1 April 2015, LNWH Charity Fund No. 1083634 was placed on the Central Register of Charities. LNWH Charity had 225 funds on 31 March 2025. Details of the kinds of funds held are displayed in the notes to accounts. The material funds are disclosed separately.

LNWH NHS Trust is the corporate trustee of LNWH Charity.

LNWH NHS Trust Board is responsible for ensuring that LNWH NHS Trust fulfils its duties as the Corporate Trustee.

Non-executive director appointments 2024-25

Chair

Matthew Swindells

Chief Executive Officer Pippa Nightingale MBE

Non-executive directors

Associate non-executive directors

Huda As’ad**

Executive directors: voting

  1. Simon Crawford, Deputy Chief Executive Officer

  2. Dr Jon Baker, Chief Medical Officer

  3. Lisa Knight MBE, Chief Nursing Officer

  4. James Walters, Chief Operating Officer

  5. Jonathan Reid, Chief Financial Officer (until October 2024)

  6. Don Richards, Interim Chief Financial Officer (November 2024 to end of December 2024)

  7. Bimal Patel,

Chief Financial Officer (January 2025 onwards)

Executive directors: non-voting

  1. Tracey Connage, Chief People Officer

  2. Dawn Clift,

    • Director of Corporate Affairs

  3. Don Richards, Interim Chief Financial Officer (1 January 2025 to end of March 2025)

  4. Denotes designate NED status, whereby the individuals carry a vote on our local Board Committees but do not have voting rights at the board in common.

  5. ** Denotes an associate non-executive director. Associate non-executive directors are recruited to non-statutory local Board committees. Associate non-executive directors are not full members of the Trust Board or the board in common and will not attend those meetings unless specifically asked to do so by the Chair, to share their expertise.

26 Annual Review 2024-25

Principle office

Charitable Fund Office

Level 7,

Finance Department, London North West University Healthcare NHS Trust, Northwick Park & St Mark’s Hospital, Watford Road, Harrow, Middlesex, HA1 3UJ

Professional advisors

Banker

Lloyds Bank 286 Station Road Harrow Middlesex HA1 3EB

Solicitor

Hempsons LLP 100 Wood Street London EC2V 7AN

Auditor

Moore Kingston Smith LLP 6th Floor 9 Appold Street EC2A 2AP

Investment Managers

CCLA Investment Management Limited

COIF Charity Funds 85 Queen Victoria Street London EC4V 4ET

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Policies and procedures

Fundraising

LNWH Charity does not use any professional fundraisers or commercial participators to organise fundraising activities on its behalf. There have been no complaints regarding its fundraising activities in 2024/25.

LNWH Charity is registered with the Fundraising Regulator and follows the independent regulator’s Code of Fundraising Practice for the United Kingdom. This ensures that fundraising is respectful, honest, accountable, and open to the public and complies with Charity Commission of England and Wales guidelines. Failure to comply with fundraising standards results in LNWH Charity being reported to the Fundraising Regulator.

LNWH Charity currently undertakes no direct marketing activities. If necessary, the fundraising team will carry out these activities to ensure LNWH Charity is not unreasonably intrusive.

Best practice, Charity law, government policy, and regulations are considered significant reputational risks that can result in a breach of trust or loss of registration. The risk is mitigated by implementing policies and procedures, such as GDPR and data protection policies, auditing accounts, promptly reporting to the Charity Commission, and updating the literature, website, and membership to NHS Charities Together for policy changes.

people and the wider public through preventing, identifying, and responding to abuse and exploitation.

Staff employed by LNWH Charity have undergone LNWH NHS Trust’s training on safeguarding adults and children. Also, LNWH Charity has introduced several additional safeguarding policies related to our activities.

General Data Protection Regulation (GDPR) Policy

Our GDPR policy outlines our donors’ rights regarding their data being held by LNWH Charity. As a Charity, we collect, process, and handle the data fairly, legally, and transparently. We must get written consent from individual donors to make contact about direct marketing.

LNWH Charity’s policy is not to collect more personal data about someone than would reasonably be needed for the purposes for which it was collected.

Privacy policy

LNWH Charity’s Privacy Policy includes the Charity website’s Cookie Policy, which tells people about the personal data we might collect and use for fundraising activities. The privacy policy also gives information about the legal basis for processing personal data, how long we hold it, and users’ legal rights.

Safeguarding

LNWH NHS Trust has implemented a policy for Safeguarding Children and Adults. All LNWH NHS Trust staff must have mandatory safeguarding children and adults training to ensure they are aware of their part in protecting vulnerable

Data Protection Impact Assessment for LNWH charity and fundraising activities

The Data Protection Impact Assessment (DPIA) is a tool used to help organisations comply

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with data protection laws and meet the privacy expectations of individuals.

LNWH Charity’s DPIA policy helps us to assess and lower any privacy risks that may arise about fundraising and charitable projects that involve the processing of personal data relating to identifiable individuals and assists us in producing efficient and effective processes for handling personal data regarding these projects.

LNWH Charity’s website terms and conditions

Terms and conditions for the access and use of funds is available on our website lnwhcharity.org. uk.

Data Retention policy

Our data retention policy ensures that all our business or operational information concerning its fundraising activity is kept only if needed.

Risk management

We identify and monitor risks through a formal risk assessment using a risk register. The risk register reviews our existing and proposed operational, governance and management, financial, legal, and regulatory activities. This ensures that new risks are identified. Existing risks are reviewed and eliminated if they are no longer relevant.

LNWH NHS Trust board acts on behalf of the corporate trustee and delegates LNWH Charity’s most significant strategic and operational risks review to the LNWH Charitable Fund Committee.

However, LNWH NHS Trust Board is responsible for LNWH Charity’s risk register.

Investment returns

Extra income is generated from investing cash balance, and the loss of investment income is considered a huge financial risk. The risk is mitigated by our investments being monitored regularly to detect and identify trends. Expert investment management consultants offer regular advice and frequently attend LNWH Charitable Fund Committee meetings to advise on the status of our investments.

Grant distribution framework

All internal grant applications are submitted to the LNWH Charity office for consideration. Each application is assessed, and all grant recipients must submit an end-of-grant report. Most grants are completed within a year, and a review is undertaken for more extended periods.

The LNWH Charitable Fund Committee is responsible for reviewing proposed grant applications for between £10,000 and £25,000.

External grants from LNWH Charity can be to other NHS Trust charities facilitated when a service provision at LNWH NHS Trust moves to another Trust. The charitable fund accounts for the service are transferred to the receiving organisation as a grant. They are subject to the agreement of all the Trust Boards involved.

Reserves policy

The current reserves policy for LNWH Charity specifies that LNWH NHS Trust, on behalf of the Corporate Trustee, will ensure that the unrestricted free reserves help us to run efficiently and meet the requirements of its beneficiaries.

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...Policies and procedures

The Charity’s free reserves balance represents the total of its unrestricted funds.

LNWH Charity’s current free reserves are appropriate:

The LNWH Charitable Fund Committee will review the LNWH Charity’s reserves policy in accordance with an agreed business plan for LNWH Charity. Reserves are being used to fund select grant projects.

As of 31 March 2025, the Charity’s free reserves amounted to £2.49million. The current level of reserves is sufficient to cover the areas indicated.

Investment Policy and performance

As per LNWH Charity’s governing documents and Trust Deed, the corporate trustee, LNWH NHS Trust, the board has the authority to invest in stocks, shares, investments, and property in the UK, as deemed appropriate.

A professional investment management company is handling investment matters on behalf of LNWH NHS Trust Board.

Our investment managers, CCLA Investment Management, multi-asset portfolio, offers highquality, sustainable, long-term returns. LNWH Charity investments are held in an Ethical Investment Unit Fund designed for charities who wish to have a more extensive approach to ethical investments.

The investment units focus on delivering income with long-term capital growth.

As of 31 March 2025, the revaluation of the Charity’s investments produced a loss of £355,000.

Over the past 12 months, to 31 March 2025, our Charity’s ethical investment funds return performance after fees and expenses decreased by 1.5% and over, the portfolio returns decreased by 1.4%.

The charity’s deposit fund within the investment portfolio showed a return of 4.90% compared to the benchmark of 5.07%.

CCLA Investment Management Limited, our charity’s investment portfolio managers, highlighted that share prices fell in the last quarter of 2024/25 as markets anticipated a higher likelihood of recession and rate cuts in the United States following the election of a new president and the uncertainty surrounding their policies. This had a negative impact on the investment portfolio. The ad hoc nature and decision on tariffs by the President of the United States unsettled the market.

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CCLA’s response to this uncertainty focuses on quality businesses that do not depend on the economic cycle for growth, and also prioritises structural growth over cyclical growth, which should help the investment fund if the economic situation deteriorates further.

Charity Portfolio Capital Allocations (%)

Ethical Investment Fund 98.87
Deposit account 1.13
Total investment 100

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Trustees’ responsibilities statement

Under Charity law, the trustees are responsible for preparing a Trustees’ Annual Report and the financial statements in accordance with applicable laws 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:

Practice have been followed, subject to any material departures disclosed and explained in the financial statements:

The trustees are required to act in accordance with the trust deed [and the rules] 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 trustees are responsible for the maintenance 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.

By Order of the Trustees

On behalf of the Corporate Trustee

Matthew Swindells

Joint Chair, North West London Acute Hospitals 27/11/2025

32 Annual Review 2024-25

Independent auditor’s report to the Corporate Trustee of LNWH Charity

Opinion

We have audited the financial statements of London North West Healthcare Charity for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 FRS 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.

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.

Other information

The other information 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 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.

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 course of the audit or otherwise appears to be materially misstated. If we identify such

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33

Independent auditor’s report to the Trustees of London North West Healthcare Charity

material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 31, the trustees are 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 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 trustees are 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. 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

34 Annual Review 2024-25

material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

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.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond

appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charity.

Our approach was as follows:

Annual Review 2024-25

35

I

standards as issued by the Financial Reporting Council.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. 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 any party other than the charity and charity’s trustees as a body, for our audit work, for this report, or for the opinion we have formed.

Moore Kingston Smith LLP Statutory auditor 6th Floor 9 Appold Street London EC2A 2AP

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

2 December 2025

36 Annual Review 2024-25

Annual accounts, figures and notes to the accounts

Statement of financial activities as at 31 March 2025

----- Start of picture text -----
Total Total
Note Unrestricted Restricted Funds Funds
ref. Funds Funds 2024-25 2023-24
£000 £000 £000 £000
Income from:
Donations and Legacies 3.1 141 339 480 779
Investments 12.1 58 231 289 285
Total Income 199 570 769 1,064
Expenditure on:
Raising funds:
Investment management costs 4 6 25 31 31
Fundraising costs 4 64 260 324 214
Sub total-raising funds 4 70 285 355 245
Expenditure on charitable activities:
Research and Clinical Support 275 184 459 246
Medical Equipment Purchases - 61 61 4
Staff Training and Education 6 67 73 58
Staff Welfare and Amenities 102 64 166 167
Contribution to Building Costs 14 - 14 -
Patients Welfare and Amenities - 74 74 91
Grants Awarded 73 - 73 387
Sub total of charitable activities 470 450 920 953
Expenditure on other 6 6 16 22 28
Total Expenditure 546 751 1,297 1,226
Net gains/(losses)on investments 11.1 (70) (285) (355) 758
Net income/(expenditure) (417) (466) (883) 596
Transfers between funds 9 17 (17) - -
Net movement in funds (400) (483) (883) 596
Reconciliation of funds:
Total funds brought forward at 31 March 2024 2,890 6,104 8,994 8,398
Total funds carried forward at 31 March 2025 2,490 5,621 8,111 8,994
----- End of picture text -----

The Notes 1 to 19 form part of this set of financial statements. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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37

Annual accounts

Balance Sheet as at 31 March 2025

Note ref.
Total Funds
31 March 2025
£000
Total at
31 March 2024
£000
Fixed Assets:
Common Investment Fund Units
8,025
8,380		 Note ref.
Total Funds
31 March 2025
£000
Total at
31 March 2024
£000
Fixed Assets:
Common Investment Fund Units
8,025
8,380
Total fixed assets
11.1
8,025
8,380
Current Assets:
Debtors
13.1
205
157
Cash held by investment managers
91
472
Cash at bank and in hand
13.2
195
354
Total current assets
491
983
Liabilities:
Creditors: Amounts falling due within one year
14.1
(405)
(369)
Net current assets or liabilities
86
614		 614
Total net assets
8,111
8,994		 8,994
Funds of the charity:
Restricted income funds
16.1
5,621
6,104
Unrestricted funds
16.2
2,490
2,890
Total charity funds
8,111
8,994

The Notes 1 to 19 form part of this set of financial statements.

The financial statements were approved by the Corporate Trustee and signed on their behalf

Bimal Patel

Chief Financial Officer

27/11/2025

38 Annual Review 2024-25

Statement of Cash Flow as at 31 March 2025

----- Start of picture text -----
Total at Total at
Note ref. 31 March 2025 31 March 2024
£000 £000
Net cash (used in) operating activities 17.1 (829) (265)
Dividends and Interest from Investments 289 285
Proceeds from the sale of Investments 0 0
Net cash (used in) investing activities 289 285
Increase ( decrease) in cash and cash equivalents in the year (540) 20
Cash and cash equivalents at the beginning of the year 17.2 826 806
Total cash and cash equivalents at the end of the year 17.2 286 826
----- End of picture text -----

The Notes 1 to 19 form part of this set of financial statements.

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39

Notes to the accounts as at 31 March 2025

Accounting Policies

Note 1

The following policies address expenditure:

a) Charitable Activities

1.1 Accounting Convention

The financial statements have been prepared in accordance with the Charities Statement of Recommended Practice Accounting and Reporting FRS102, effective 1st January 2019 and the Charities Act 2011 and under historical cost accounting convention modified to include the revaluation of investment property and managed investments.

The charity constitutes a public benefit as defined by FRS102.

The financial statements are presented in sterling. The statements have also been prepared in accordance with applicable United Kingdom accounting standards.

1.2 Incoming Resources

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the charity has been notified in writing of the amount and date of receipt.

In the event that a donation is subject to certain conditions before he charity is entitled to the funds, the income is deferred and not recognised until those conditions are fully met.

b) Investment Income

Investment income includes dividends and interest from investments. Interest is recognised normally upon notification of the interest paid.

Dividends are recognised once the dividend has been declared and notification of the received of the dividend due from our investment advisor.

c) Legacies

Legacies are accounted for as incoming resources once the receipt of the legacy becomes certain once confirmation has been received 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 fulfiled.

1.3 Resources Expended

The funds held on 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.

Costs of charitable activities comprise all costs incurred in pursuit of the charitable objects of the charity.

The charitable activities costs include direct and apportionment of support costs as shown in note 7.

b) Trustees and Connected Persons Transactions

The Trustees and Connected Persons Transactions, note 19, records the material transactions undertaken between LNWH Charitable Fund, trustees and other NHS organisations.

Details of the transfer are shown in note 18.

c) Allocation of Support Costs

Support Costs have been allocated to the charitable activities. Where the costs are shared between two or more charitable activities the support costs have been apportioned between categories.

Support Costs include financial administration costs which represents expenditure incurred in the management of the charity assets.

d) Cost of Generating Funds

The cost of generating funds are the costs associated with generating income for the funds held on trust.

Investment Management Fees

Investment fees costs represents costs incurred in relation to the management of fixed investments.

Fundraising Costs

Fundraising costs is represented by associated fundraising cost in respect of establishing the charity’s marketing

The associated costs include statutory audit and policy and procedure advice from professional bodies and organisations.

Funds Structure

1.4

Where there is a restriction on the purpose to which a fund may be put the fund is classified in the accounts as a restricted fund. Other funds are classified as unrestricted funds.

1.5 Fixed Assets

Investment fixed assets are shown at market value. The gains and losses arising from the revaluation are can be found in the Statement of Financial Activities.

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40

1.6 Unrealised Gains and Losses on Investments

Unrealised gains and losses on investments are calculated as the difference between the opening market value as at 1st April 2024 and the market value of investments as at 31 March 2025.

1.10 Significant Judgement and Estimates

In the course of preparing these financial statements no significant judgements and estimates have been made.

1.11 Grant Commitments

1.7 Pooling Scheme

An official pooling scheme is operated for investments relating to the following funds:

London North West Healthcare Charitable Fund

Central Middlesex Hospital Charitable Fund

Northwick Park Hospital General Charitable Fund Heartbeat 2000

Respiratory and Research Fund

London North West Healthcare Expendable Common Investment Fund

St Marks Hospital

The London North West Healthcare Charitable Fund provides grant funding to the London North West University Healthcare NHS Trust to support the delivery of care to patients and service users in line with our charitable objectives.

A grant commitment is recognised when London North West Healthcare Charitable Fund has expressed its intention to award a grant.

As at 31 March 2025, the London North West Hospital Charitable Fund have grant commitments to London North West University Healthcare NHS Trust totalling £73,542.

Northwick Park Hospital - Older People Services Fund Ealing Hospital Charitable Fund Childrens Centre Fund

Margaret Emily Tristram Bequest

The Scheme was registered with the Charity Commission on 23/11/00 updated following the charity merger on 1st April 2015.

1.8 Taxation

As a registered charity, London North West Healthcare Charitable Fund is exempt from taxation of its income and gains falling within Section 505 Income and Corporation Taxes Act 1988 or section 256 Taxation of Chargeable

Gains Act 1992, to the extent that these are expended on it’s charitable objects.

No tax charge has thus arisen in the year.

1.9 Going Concern

Following a review of London North West Healthcare Charitable Fund Reserves, committed expenditure and income forecast, from a period of at least one year from the approval of the financial statements.

London West Healthcare Charitable Fund has adequate resources to continue in operational existence for the foreseable future.

London North West Healthcare Charitable Fund adopt the going concern basis in preparing its financial statements.

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41

Notes to the accounts

London North West Healthcare Charitable Fund Grant Commitments 2024/25

Grant Commitments 31 March 2025

----- Start of picture text -----
Material Grant Commitments
Grant Commitment Grant Commitment Time Frame Grant Commitment Fund by
Trust Staff MOT Project Phase 1 & 2 12 months from the project Unrestricted Fund
commencement
A & E Paediatric waiting area-Play Resources 12 months from the project Restricted Fund
commencement
Other Commitments
Grant Commitment Grant Commitment Time Frame Grant Commitment Fund by
Other Commitments - Under £5,000 12 months from the project Various Restricted Funds
commencement
----- End of picture text -----

Grant commitments are typically given a one year time frame for completion; however , unforeseen circumstances may necessitate the charity to re-evaluating the timeline.

As at 31 March 2025, the grant commitments are categorised into two types: material commitiments of over £5,000 and other commitments, which total less than £5,000. The other grant commitments include small training and education grants to promote staff development, refurbishment of the garden shed and pathway for Meadow House Hospice and fundraising merchandise for the Meadow House Hospice volunteers.

The grant commitment of £75,542 is not reported as a liability on the balance sheet dated 31 March 2024.

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42

Note 2. Prior year comparatives by type of fund

The SOFA provides prior year comparatives by type of fund in total; this note provides prior period comparatives for the Statement of Financial Activities and Balance Sheet for each of the fund types the London North West Healthcare Charitable Fund manages.

2.1 Unrestricted funds- Statement of Financial Activity for the

year end 31 March 2025

----- Start of picture text -----
2025 2024
£000 £000
Income from:
Donation and Legacies 141 81
Investment Income 58 67
Total Incoming resources 199 148
Expenditure on:
Cost of raising funds (70) (54)
Charitable Activities (470) (333)
Other - Governance (6) (5)
Total expenditure (546) (392)
Net gains/(losses)on investments (70) 173
Net income/(expenditure) (417) (244)
Transfers between funds 17 6
Net movement in funds (400) (65)
Reconciliation of funds:
Total Funds brought forward 2,890 2,955
Total funds carried forward at 2,490 2,890
31 March 2025
----- End of picture text -----

2.2 Unrestricted Fund - Balance Sheet as at 31 March 2025

----- Start of picture text -----
2025 2024
£000 £000
Fixed Assets:
Common Investment Fund Units 2,498 2,764
Total fixed assets 2,498 2,764
Current Assets:
Debtors 102 55
Cash held by investment managers 29 151
Cash at bank and in hand 63 113
Total current assets 194 319
Liabilities:
Creditors: Amounts falling due within
(202) (193)
one year
Net current assets / (liabilities) (8) 126
Total net assets or liabilities for
2,490 2,890
unrestricted funds
Total unrestricted funds 2,490 2,890
----- End of picture text -----

2.3 Restricted funds- Statement of Financial Activity for the year ended 31 March 2025

----- Start of picture text -----
2025 2024
£000 £000
Income from:
Donation and Legacies 339 698
Investment Income 231 218
Total Incoming resources 570 916
Expenditure on:
Cost of raising funds (285) (191)
Charitable Activities (450) (620)
Other -Governance (16) (23)
Total expenditure (751) (834)
Net gains/(losses)on investments (285) 585
Net income/(expenditure) (466) 667
Transfers between funds (17) (6)
Net movement in funds (483) 661
Reconciliation of funds:
Total Funds brought forward 6,104 5,443
Total funds carried forward
5,621 6,104
at 31 March 2024
----- End of picture text -----

Annual Review 2024-25

43

Notes to the accounts

2.4 Restricted funds - Balance Sheet as at 31 March 2025

Note 5. Support Costs

----- Start of picture text -----
2025 2024 The staff costs are included in Support Cost note
£000 £000 6.1. London North West Healthcare University NHS
Fixed Assets:
Trust employs individuals to administer the charity.
Common Investment Fund Units 5,527 5,616 The staff costs are accounted for on an accrual
basis and are recharged from London North West
Total fixed assets 5,527 5,616
University Healthcare NHS Trust.
Current Assets: The total number employees employed by London
North West University Healthcare NHS Trust to
Debtors 103 102
administer the charity is five (2024 five).
Cash held by investment managers 62 321
The support costs include an element of employer
Cash at bank and in hand 132 241 pension contribution to NHS superannuation
Total current assets 297 664 scheme which is being paid by London North West
University Healthcare NHS Trust.
Liabilities:
Creditors: Amounts falling due within 5.1 Salary of Senior Managers
(203) (176)
one year
Year Ending Year Ending
Net current assets / (liabilities) 94 488 31 March 2025 31 March 2024
No of No of
Total net assets or liabilities for Employees Employees
5,621 6,104
unrestricted funds
Band
Total restricted funds 5,621 6,104 £90,000-£100,000 1 0
£80,000-£90,000 1 0
£70,000-£80,000 0 1
Note 3. Donations and Legacies
£60,000-£70,000 1 1
----- End of picture text -----

3.1 Donations and Legacies

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024-25 2023-24
£000 £000 £000 £000
Donations and
141 339 480 779
Legacies
Total 141 339 480 779
----- End of picture text -----

The number of total employees who earned more that £60,000 during the year was three. The key management personnel 2024/25 renumeration totalled £247,659 (2023/24 £184,583) including employees on-costs.

Legacy income is only included where receipt is reasonably certain and the amount is known with certainity, or the legacy has been received.

Note 4. Expenditure on raising funds

----- Start of picture text -----
Total Costs Total Costs
2025 2024
£000 £000
Investment Management Costs 31 31
Fundraising Costs 324 214
Total 355 245
----- End of picture text -----

44 Annual Review 2024-25

Note 6. Analysis of Support Costs

6.1 Apportioment of Support Costs

Apportionment of Support Costs across Charitable Activities fund movements

----- Start of picture text -----
Research Medical Patients Contribution
and Clinical Equipment Staff Training Staff Welfare Welfare and to Building Grants Total
Support Purchases and Education and Amenities Amenities Costs Awarded Allocated
£’000 £’000 £’000 £’000 £’000 £’000 £’000 £’000
Support Costs 162 40 45 57 49 2 11 366
Total 162 40 45 57 49 2 11 366
----- End of picture text -----

Note 7. Analysis of Expenditure on Charitable Activities

Note 8. Changes in Resources Available for Charity

----- Start of picture text -----
Activities Support Total Total Total Total
Undertaken Costs 2024-25 2023-24 Unrestricted Restricted
Funds Funds
£000 £000 £000 £000 Funds Funds
2024-25 2023-24
£000 £000
Research and £000 £000
297 162 459 246
Clinical Support
Net movement
Medical Equipment in funds for (417) (466) (883) 596
21 40 61 4
Purchases the year
Staff Training and
28 45 73 58 Total (417) (466) (883) 596
Education
Staff Welfare and
109 57 166 167
Amenities Note 9. Transfer Between Funds
Patients Welfare Transfer Transfer
25 49 74 91
and Amenities From Fund To Fund Amount Amount
£000 £000 £000 £000
Contribution to
Building Costs 12 2 14 0 General Fund 17 Various 17 -
Grants Awarded 62 11 73 387 Total 17 17 -
Total 554 366 920 953
----- End of picture text -----

Note 10. Other Expenditure

7.1. Analysis of Grants

Grants Awarded

Grants awarded were as follows:

----- Start of picture text -----
Grants External from 2024-25 2024-25 2023-24
LNWH Charitable Fund £000 £000 £000
Neon Project
62 62 94
- MIND
LNWH NHS Trust 0 0 158
Total 62 62 252
----- End of picture text -----

The auditor’s renumeration costs of £18,600 plus VAT (2024 : £16,800 audit fee included in other expenditure in 2024), are included in other expenditure and is related soley to the audit with no other additional work undertaken. Other expenditure includes donation platform processing fees and additional audit fees for the 2023/24 audit.

Annual Review 2024-25

45

Notes to the accounts

Note 11.

----- Start of picture text -----
2025 2024
Total £000 Total £000
11.1 Movement in fixed asset investments
Market Value brought forward 8,852 8,072
Add: additions to investment at cost 19 22
Less disposals at carrying value (400) 0
Net losses/gains on revaluation (355) 758
Market Value at 31 March 8,116 8,852
Historical Cost at 31 March 4,322 4,322
2025 2024
Total held in the UK Total held in the UK
11.2 Fixed asset investments: £000 £000
Investments in common investment fund 8,025 8,380
Cash held as part of the investment portfolio 91 472
Total 8,116 8,852
Note 12. Total gross income from investments and cash on deposit
2025 2025 2024
Held in UK Total Total
12.1 Income from Investments £000 £000 £000
Investments in common investment fund 289 289 285
Total 289 289 285
Note 13. Analysis of Current Assets
2025 2024
Total Total
13.1 Analysis of Debtors £000 £000
Other Debtors 205 157
Total 205 157
2025 2024
Total Tota
13.2 Cash at bank and in hand £000 £000
Cash at bank and in hand 91 354
Cash held by investment managers 195 472
Total 286 826
Note 14. Analysis of Current Liabilities and Long Term Creditors
2025 2024
Total Total
14.1 Analysis of Creditors £000 £000
Amounts owed to London North West University
387 351
Healthcare NHS Trust
Other Creditors 18 18
Total 405 369
----- End of picture text -----

46 Annual Review 2024-25

Note 15. Analysis of principal SoFA components for previous reporting period

15.1 Analysis of principal SoFA component 2023/24

----- Start of picture text -----
London North West Healthcare
Charitable Fund
Unrestricted Restricted Total
£000 £000 £000
Total Income 148 916 1,064
Total Expenditure 392 834 1,226
Net income/(expenditure) (244) 82 (162)
Other Gains/(losses) 173 585 758
Transfer Between Funds 6 (6) -
Net movement in funds (65) 661 596
Total Funds brought forward 2,955 5,443 8,398
Total Funds carried forward 2,890 6,104 8,994
----- End of picture text -----

15.2 Analysis of net assets as at 1st April 2024

----- Start of picture text -----
1 April 2024
Unrestricted Restricted London North West Healthcare
Charitable Fund
£000 £000 £000
Common Investment Fund Units 2,764 5,616 8,380
Debtors 55 102 157
Cash held by investment managers 151 321 472
Cash at bank and in hand 113 241 354
Creditors (193) (176) (369)
Net Assets 2,890 6,104 8,994
Represented by:
Unrestricted Funds 2,890
Restricted Funds 6,104
Total Funds 8,994
----- End of picture text -----

Annual Review 2024-25

47

Notes to the accounts

Note 16. Analysis of Charitable Funds

----- Start of picture text -----
16.1 Restricted Funds Balance Balance
31 March Incoming Resources Gains and 31 March
2024 Resources Expended Transfers Losses 2025
£000 £000 £000 £000 £000 £000
A. Meadow House Hospice 1,381 270 (201) - (71) 1,379
B. Children Centre Fund 235 10 (24) - (11) 210
C. Regional Rehab Unit 140 6 (13) - (7) 126
D. Arthritis Centre Fund 85 3 (8) - (4) 76
E. Cancer Support Trust 215 14 (21) - (10) 198
Others (212) 4,048 267 (484) (17) (182) 3,632
Total 6,104 570 (751) (17) (285) 5,621
Balance Balance
31 March Incoming Resources Gains and 31 March
2023 Resources Expended Transfers Losses 2024
£000 £000 £000 £000 £000 £000
A. Meadow House Hospice 1,229 205 (193) 5 135 1,381
B. Children Centre Fund 220 12 (21) 1 23 235
C. Regional Rehab Unit 139 5 (19) 1 14 140
D. Arthritis Centre Fund 85 3 (11) - 8 85
E. Cancer Support Trust 199 12 (17) - 21 215
Others (212) 3,571 679 (573) (13) 384 4,048
Total 5,443 916 (834) (6) 585 6,104
----- End of picture text -----

16.2 Unrestricted Funds 16.2 Unrestricted Funds Balance Balance
31 March Incoming Resources Gains and 31 March
2024 Resources Expended Transfers Losses 2025
£000 £000 £000 £000 £000 £000
A. Covid 19 Appeal Fund 333 11 (82) - (12) 250
B. Northwick Park Hospital General Fund 307 150 (70) (53) (16) 318
Others (6) 2,250 38 (394) 70 (42) 1,922
Total 2,890 199 (546) 17 (70) 2,490
Balance Balance Balance 31
31 March Incoming Resources Gains and March
2023 Resources Expended Transfers Losses 2024
£000 £000 £000 £000 £000 £000
A. Covid 19 Appeal Fund 373 16 (95) 1 38 333
B. Northwick Park Hospital General Fund 349 37 (115) 1 35 307
Others (6) 2,233 95 (182) 4 100 2,250
Total 2,955 148 (392) 6 173 2,890

48 Annual Review 2024-25

16.4. Detail of Material funds-Unrestricted

----- Start of picture text -----
Name of Fund Description of the nature and purpose of each fund
A. Covid 19 Appeal Fund To support staff health and wellbeing
B. Northwick Park Hospital General Fund To provide services and amenities for Northwick Park Hospital.
----- End of picture text -----

Following subsequent NHS Trust mergers London North West Healthcare Charity Fund Charity received unrestricted funds for each of the merged Trusts.

The unrestricted funds received are not restricted to any particular charitable purpose.

There is no specific donor request on record for the unrestricted funds held.

All the unrestricted funds have remained within the original fund accounts and have been used to fund charitable activities that have met the aims and objectives of the charity.

Note 17. Notes to Cash Flow Statement

17.1 Reconciliation of net movement in funds to net cash flow from operating activities

----- Start of picture text -----
31 March 2025 31 March 2024
£000 £000
Net Expenditure/ Income (883) 596
Add: Losses on Investments 355 (758)
Deduct: Dividends and Interest from investments (289) (285)
Increase in Debtors (48) 320
Increase/ (Decrease) in Creditors 36 (138)
Total (829) (265)
----- End of picture text -----

17.2 Analysis of cash and cash equivalents

31 March 2025
31 March 2024
£000
£000
Cash in hand and at Bank
195
354
Cash held by investment managers
91
472
Total Cash and Cash Equivalents
286
826

Annual Review 2024-25

49

Notes to the accounts

Note 18. Trustee and Connected Persons Transactions

During the year none of the Trust Board or members of key management staff have undertaken any material transactions with London North West Healthcare Charitable Fund.

Capital and Revenue Payments

The charitable trust has made revenue and capital payments to the London North West University Healthcare NHS Trust to the value of £1,182,650.

See note 18.2. There has been no other payments and transactions between London North West Healthcare Charitable Fund and the above mentioned NHS Trust.

18.1 Trust Board Renumeration

No expense or remuneration has been received in the year by members of the London North West University Healthcare NHS Trust Board in respect of activities related to the charitable fund (2023: £nil).

18.2 Transactions with Trustees or connected persons

----- Start of picture text -----
Amount Amount
Name of party involved, a description of the transaction and description 2024-25 2023-24
of nature of the of the relationship. £ £
London North West University Healthcare NHS Trust recharges to
1,182,650 976,706
London North West Healthcare Charitable Fund
Total 1,182,650 976,706
Amount Amount
Name of party involved, a description of the transaction and description 2024-25 2023-24
of nature of the of the relationship. £ £
Balance Owed to London North West University Healthcare NHS Trust 384,746 351,030
Total 384,746 351,030
----- End of picture text -----

Note 19. Trustee indemnity insurance

Trustee indemnity insurance was not obtained.

50 Annual Review 2024-25

Thank you

We say a huge thanks to every donor and supporter for your generous contributions.

We really appreciate you helping us to significantly enhance the experiences of patients and staff at all three of our hospitals and community sites.

London North West Healthcare Charity

If you would like to know more about our work, the impact we have made, and how our funding has been utlilised, you can view our achievements at lnwhcharity.org.uk

[LNWH_Charity]

[www.facebook.com/LNWHC ]

[lnwh-charity]

[lnwhcharity.org.uk]

[020 8869 3367]

If you would like this information in large print, braille, different format or language, please contact us.

London North West Healthcare Charitable Fund No.1083634