GATESHEAD HEALTH CHARITY GATESHEAD HEALTH NHS FOUNDATION TRUST CHARITABLE FUND Trustees, Report and Financlal Statements 318t March 2024 Registered Charity No: 1086145 Address: Queen Elizabeth Hospital Sheriff Hill Gateshead Tyne & Wear NE9 6SX Telephone: 01914820000
CONTENTS PAGE Trustees, Report Statement of Corporate Trustees, Responsibilities in respect of the Trustees, annual report and the financial ststements 15 Independent auditorfs report to the Trustee of Gateshead Health NHS Foundation Trust Charitable Fund 16 Statement of Financial Activities 20 Balance Sheet 21 Cash Flow Statement 22 Notes 23
GATESHEAD HEALTH CHARITY Gateshead Health Charity Annual Report and Accounts 2023-2024
GATESHEAD HEALTH CHARITY Introduction Gateshead Health NHS Foundation Trust Charitable Fund, known as Gatsshéad Hèalth Charlty, is the official charity of Gateshead Health NHS Foundation Trust with an aim to improve the experience and care for the community we serve here in Gateshead. Over the past year, the charity has embarked on a journey of growth, collaboration, and renewed commitment, 8UPPOrting initiatives that enhance patient care and staff wellbeing across our services. In 2023-2024, Gateshead Health Charity made signfficanl strides, marked by comprehensive rebrand, an expanded netr4vork of corporale partnerships, and a series of successful fundraising campaigns, The charity has focused on impactful projects that truly make a difference, from funding e888ntial healthcare equipment and refurt)i8hing key patient areas to providing mental health support for staff. New partnerships with local businesses like Radio Tyneside and Co-op Funeral Care have 8trengthened our community bonds, while our dedicated fundraisers and events, such as the Great North Run and Light up a Lrfe, have brought in substantial funds to sustain our work. The charity's efforts this year reflect our steadfast dedlcatlon lo creating a compasslonate and supportive environment for all who rely on Gateshead Health NHS Foundation Trust. As we continue to grow, our focus remains on fostering partnerships, er)gaging our community, and improving the experience of healthcare in Gateshead. Gateshead Health Charfty are incredibly grateful to all of our lundraisers, donors and supporters who are supporting us in making a positiv8 difference for our patients, staff and volunteers here in Gateshead.
GATESHEAD HEALTH CHARITY Who we are We are Gateshead Health Charity and support Gateshead Health NHS Foundation Trust to improve patient care and enhance the healthcare environment, going above and beyond the core NHS funding. Our Gharity supports projeGts to provide additional resources for patients and staff, facilitate staff training and development, acquire essential medlcal equipment, and contribute to medical research. Every year, generous 8UPPOrter8, including patients who have received care from Galeshead Health NHS Foundation Trusl themselves and their loved ones, our local community, local bu8in8sses and our amazing fundrai8er8, donate thousands of pounds to help enhance the care we provide. The funds we collect are also used to improve the hospital environment for our employees, patients, and their loved ones. This allows us to creale a more inviting and cosier atmosphere while incorporating the latest advancements in modem medic81 technology throughout all healthcare services and facilities that are part of Gateshead Health NHS Foundation Trust. At Gateshead Health Charfty, our mi88lon is to provide resources over and above core NHS funding to support the following: Additional support for patients and staff We want to improve the experience of patients and staff by providing resources Ihal go beyond the slaiLltory requireirenis of the NHS. creating a Irore coinfortable and inviting healthcare eiiviioiimenl. Staff training and development We support staff training and development above mandatory reqiiireinenls through allocated training budgets. ensuring OLir heallhcare providers are equipped with the latest advances in medical care Buying equipment and medical research support We allocate funds towards the purchase of equipment that would iniprove the patient experience and the support of iiiedical research. aiming to iinprove the quality of care and Ireatirent available to OLir patients. The money we raise is also used to improve the environment in our hospitals for patients, their relatives, and staff. It allows us to provide a more welcoming, comfortable space, in addition to the latest technology modem medicine has to offer, aGross all of the healthcare settings within Gateshead Health NHS Foundalion Trust.
GATESHEAD HEALTH CHARITY Review of the year The 2023-2024 year has been transformative and impactful for Galeshead Health Charity, characterised by robust growth in community engagement, innovative fundraising effort8, and strengthened support for patient care and staff wellbeing. This period rnarks a pivotal year of rebranding, strategic alignment, and the implementation of systems designed to enhance the charity's capabilities and reach. Expanding community support and corporate partner8hlp8 Gateshead Health Charity focused on establishing and expanding partnerships within the local community. The charty forged relationships with over a dozen corporate partners, including national brands such a8 Tesco, and Co-op, as well a8 local businesses like Ravensworth Golf Club and High Felllng Post Office. These partnerships contributed to sustained fundraising and support, facilitating key proj8Cts across the charity's initiatives. Fundraisers from the local community also made significant contribution8. Highlight8 included a skydive by Nadeem Ahmad, raising over £2,600 for the Special Care Baby Unit, and charity football matches and events organised by community members in 8UPPOrt of various wards. The charily'8 signature events, such as the QE Grand Slam Golfing Event and the Great North Run, drew remarkable support, with over £6,000 raised during the Great North Run series alone. Corporate partnershlp• In 2023-2024, Gateshead Health Charity expanded it8 corporate partnership programme, welcoming several valued partners whose contributions have been instrumental in advancing the charity's work. Radio Tyneside and COWOP Funeral Car8 became dedlcated corporate partners, bringing e88ential resources, communily connections and 8UPPOrt to various initiatives. Radlo Tynoside Radio Tyneside, one of the charity's first corporate sponsors, played a significant role in supporting charity events and promotions. The partnership provided invaluable media coverage, which raised the charity's profile across the wion and helped attract participants for events such as the Great North Run and the Grand Slam Golfing Event, Their collaboration offered a platform to share inspiring stories of fundraisers, spread awareness of the charity'8 mis8ion, and foster greater community involvement. COWOP Funeral Care cOp Funeral Care in Gateshead al80 joined as a corporate partner, demonstrating their commitment to supporting local heafthcare initiatives. This partnership included providing resources and assistance for the charity's Light up a Life remembrance event, where they donated Order of servi booklets and other materials e88ential for the event's success. This contribution all¢)wed families to honour their loved ones in a dignified and memorable way, with proceeds directly supporting the charity.
GATESHEAD HEALTH CHARITY Broader corporate support nètwork In addition to these cornerstone partners, the charity b8nefil8d from a network of corporate supporters, including IKEA, Tesco Gateshead, Morrisons at various localions from Gateshead locations, Holly Hill Sport and Social Club, and Ravensworth Golf Club. Together, these partnerships have laid a foundation for ongoing community collaboration, essential for sustaining and growing the charity's work in the future. The p8rtner8hip8 With Radio Tyneside and Co-op Funeral Care and support from other local businesses underscore the charity's ability to forge meaningful connections with local and national entities committed to enhancing healthcare services in Gateshead. Th88e relationships are expected to evolve and expand, with ongoing contributions toward impactful projects in the coming years. Robrandlng and 8tratsgic focus This yearfs major achievement was the rebranding of Gateshead Health Charity, culminating in the launch of a new name, logo, and strapline: °Supporting Gateshead Heafth NHS.. Supported by a grant from NHS Charities Together, Ihis rebrand, approved by the Board of Trustees, reflects the charity's commitment to providing enhanced support for Gate8head Health NHS Foundation Trust and aligns with its stralegic goal8. The charity also implemented a new Customer Relationship Management (CRM) system to streamline operation8 and enhance engagement with supporters and partners. Broadenlng tho scope of projects Supported Gateshead Health Charity supported 70 projects, significantly impacting patient Ca and staff wellbeing. Key patient-focused projects included refurbishing the bereavement room, installing ultrasound machines, and providing sanitary product8 and memory boxes for palliative care patients. Additionally, the charity-funded counselling services for cancer patient8, comfort cushions, and essential equipment for ward activities. Here are several key examples of Gateshead Health Charitls impactful work throughout the 2023-2024 year, reflecting the breadth of support provided across patient care, staff wellbeing, and innovative projects: Patient care projects Ward 28 Refurblshment: Enhancing patient comfort and environment has been a priority, wilh significant upgrades to Ward 28. This renovalion has created a more welcoming and supportive atmosphere for palients and families alike. Ultrasound Machlne for Enhanced Dlagnostlcs: The charity funded the acquisition of an ultrasound machine, enabling quicker and more accurate diagnostic capabilities, which has been especially beneficial for patients with limited mobility.
GATESHEAD HEALTH CHARITY Bereavem8nt Room Refurbl8hmenL" The charity upgraded the bereavement room to offer a more peaceful and dignified space for families during challenging times. Thi8 project, which also included thoughtful touches like memory boxes and blessing cards, has provided a comforting environment for patients and their loved ones. Communlty Palliatlve Care Support: Funding from the charity enabled the hiring of a Community Palliative Care Social Prescriber and Rehabilitation Assistant, helping patients receive vital 8UPPOrt and therapy in their own homes. This initiative has been instrumental in providing continuity of care and emotional support for patients and families coping with terminal illnesses. DR VR Headsets for Paediatrfc Carn.. Paediatric patients benefited from immersive virtual reality IVR) headsets, offering distraction and Gomfort during medical procedures. The DR VR headsets have been invaluable for alleviating anxiety among young patients and improving their overall hospital experience. Staff wellbelng Inltlatlves H•alth and Wellbelng Advl8or.' Recognising Ihe pressures faced by healthcare workers, the charity supported a dedicated Health and Wellbeing Advisor. Legacy giving Legacy donations have played an invaluable role in Gateshead Health Charity this year, allowing for various impactful projects and services that benefit patients and staff. These thoughtful contributions, made in honour of loved ones, have provided significant resourc88 across multiple departments, enhancing care and support within Gateshead Health NHS Foundation Trust. In 2023124, the charity received two legacy gifts totalling £111,983.55 in legacy income, with £71,000 allocated to the Emergency Care department and £40,983.55 to the charity for general usè. We have continued to make impacfful use of the legacies generously given in previous years, SUPPOrting key improvements to improve patient care and the hosprtal environment. For example.. A substantial donation of £71,000 was allocated to the Urgenl and Emergency Care (U&EC) department, earmarked for essential purchases like a retinal photography kit, which enhances diagnostic capabilities and contributes to better patient outcornes. Urology used £20,798 to support ongoing needs and improvements within the department. Using a legacy for the Research and Development department allowed the charity to invest in innovative healthcare solutions, ensuring that Gateshead Health offers high- quality, forwar&thinking care. Honourlng loved ones through memorial glfts Many legacy donations this year were dedicated in mernory of patients, reflecling the deep gralitude families feel for the care their loved ones received.
GATESHEAD HEALTH CHARITY These legacy donations provide essential funding and serve as lasting tributes to individuals and their familtes, making a meaningful difference in the lives of future patients. Legacy gffts are a powerful way for supporters to make a lasting impact. By remembering Gateshead Health Charity in their wi118, individuals and families help create a legacy of hope, health, and healing for future generations. Gateshead Health Charity is imm8nsely grateful to these donors for their profound generosity and is committed to honouring their legacy by using these funds to support projects that improve patient care, staff wellbeing, and the overall healthcare environment. Innovation in fundralslng and marketing The charity introduced creative fundraising initiatives, including the launch of a pet calendar and the Christmas "Light up a Lrfe. event, which raised over £500 and included contributions from community partners. Th888 activities raised funds and strengthened the charty's visibility across the region. Great North Run and MlnllJunlor Great North Run.. With over £6,000 raised during the Great North Run serie8, this event remains a comerstone of the charily's fundraising calendar. A mix of adult, junior, and mini-runs involved participants of all ages, showing strong community support and engagement. Llght up a Llfo Remembrance Evont: This heartwarming event in December allowed families to honour loved ones through star dedications, with proceeds direclly 8UPPOrting Ihe charity. The event featured a choir, membranCe service8, and involvement from local partners, rai8ing over £500 and increasing the charity's visibility. Pet Calendar Campaign: A new and popular initiative, the pet calendar campaign involved ' local supporters and raised funds for various charity projects. Wrth over 150 calendars sold, the campaign received positive feedback, creating a fun and unique way to engage with supporters. These examples reflect Gateshead Health Charity's deep commitment to enhancing both patient care and staff wellbeing, underpinned by strong community support and innovative fundraising. Through these projects and initiatives, the charity has continued to make a meaningful difference in the lives of those it serves. Marketing efforts were bolstered with the appointment of a part-time marketing and communications officer, and a structured social media strategy, resulting in heightened awareness and engagernent. The charity's new CRM system is expected to further optimise communication with 8UPPOrters and enhance campaign tracking. Looking Forward With the rebranding complele and a stronger foundation built, Gateshead Health Charity looks to 2024 and beyond with a clear focus. Plans a in place to expand corporate partnerships, promote new fundraising events, and advance the charty's strategic objectives.
GATESHEAD HEALTH CHARITY By continuing to champion patienl care, staff wellbeing, and community engagement, Gateshead Health Charity is well-positioned to make an even greater impact in the coming year.
GATESHEAD HEALTH CHARITY TRUSTEES, REPORT Gateshead Health NHS Foundation Trust acts as the corporate trustee for Gateshead Health NHS Foundation Trust Charitable Fund. The Funds are administered by a committee known as the Charitable Funds Committee which meets quarterly with other meetings convened as and when necessary. Members of the Trust Board are r8munerated by the NHS trust and Committee members receive no remuneration or expense8 from the Charity. Membership of the Trust Board throughout 202312024 was as follows.. Ms Alison Marshall Chair Mr Mike Robson" Deputy Chair, Senior Independent Director and Chair of Charitable Funds Committee Mrs Trudie Davie8 Chief Executive Dr Gillian Findley. Deputy Chief Executivelchief Nurse Chief Operating Officer (from September 2023) Councillor Martin Gannon. Non-ExecutNe Director (left June 2023) Mrs Hilary Parke Non-ExecutNe Director Mr Andrew Moffat Ms Joanne Halliwell Non-Executive Director Dr. Ruth Bonnington Mrs Anna Stabler Non-Executive Director (left June 2023) Non-Executive Director Mrs Maggie Pavlou Mr M Hedley Mr A Crampsie. Non-Executive Director Non-Executive Director (from July 2023) Non-Executive Director (frorn July 2023) Medical Director (retired March 2024) Group Director of Finance & Digital Chief Operating Officer (retired September 2023) Mr Andrew Beeby. Mrs K Mackenzie. Ms Joanne Baxter Mrs Llsa Crichton-Jones Executive Direclor of People and Organisational Development (to June 2023) Mrs A Venne Executive Direclor of People and Organisational Development (from July 2023) "Member of the Charitable Fund8 Committee All policies and procedures of the Trust apply to the charity
GATESHEAD HEALTH CHARITY BANKERS: Lloyds Bank PLC West Street Gateshead NE8 1DP AUDITOR: Rob8on-Laidler Accountants Limited Femwood House Femwood Road Newcastle Upon Tyne NE2 1TJ INVESTMENT ADVISORS: CCLA Senator House 85 Queen Vidoria Street London EC4V 4ET 10
GATESHEAD HEALTH CHARITY Structure, Governance and Management of the Charitable Funds Gateshead Heatth NHS Foundation Trust Charitable Fund was formed on 101 April 2001 following the merger of Gateshead Hospitals NHS Trust charitable fund (1055236) and Gateshead Healthcare NHS Trust charitable fund (1061808). It wa8 then named Gate8head Health NHS Trust charitable fund up to 41h April 2005 when the name changed to mirror the Foundation Trust status gained by the Trust. A Declaration of Trust wa8 Signed on 5th March 1997 giving the Trustee overall re8pon8ibility for the production of the Annual Report and Financial Statements in accordanGe with applicable law and regulations. Following NHS organisational changes on 1 April 2002 some of the services operated by Gateshead Health NHS Trust transferred to Gateshead Primary Care Trust and South of Tyne and Wearside Mental Health Trust, The charity still holds some of the associated funds but as they represent less than £10,000 il is not recommended that a separate charity is created to administer these funds. Income is not received for these funds therefore once the currenl balances have been spent the funds will Close. Thi8 18 in line with the objectives of the charity. The Corporate Trustee is Gateshead Health NHS Foundation Trusl and the executive directors and the non-executive directors of the Trust Board Share responsibility to ensure that the Foundation Trust fulfils it8 duties as Corporate Trustee in respect of the management of the charitable funds. The Board of Gateshead Heatth NHS Foundation Trust on behalf of the corporale trustee has delegated the responsibility to manage the charttable funds to the charitable funds committee. The Director of Strategy and Transfomialion is responsible for the day-to-day management and control of the administration of the charitable funds. The Director of Strategy and Transformation has particular respon8ibility for ensuring that the spending is in accordance with the objectives of the Gharity. The charitable funds committee is in place lo oversee the work and to advise or direct the Director of Strategy and Transformation. In addition the Committee reviews the performance of the investments and en8ures the investment of the funds is ethical and compatible with the obj'ective of improving health. Imthin the charity are a number of earmarked (designated) funds relating to particular ward8 and departments. The charity manages spending through departmental fvnd manager8. Charitable Fund Signatories can authorise expenditure up to £2,500; expenditure over £2,500 is taken to the Charitable Funds Sub Group with any expenditure above £10,000 considered by the Charitable Funds Committee for approval. Public Bonefit ststement The Trustee has had regard to charity commission guidance on public benefft. All our charitable activities foGus on the advancement of heafth and the saving of lives. li
GATESHEAD HEALTH CHARITY Our main activities aim to provide support by enhancing patient8, stays, SUPPOrting staff and providing support for medical research projects. Further details can be found within the 'Strategic Objectives and Activities, section of this report. The main activities undertaken this year can be found in the 'Review of the Finances, Activities, Achievements and Performance of the Charitable Fund8, section in this report. Strategic Objectives and Activiti08 The Charity's objectives are a8 follows:. The Trustee shall hold the trust fund upon trust to apply th8 income, and at their discretion, so far as may be pemiissible, the capital for any charitable purpose or purposes relating to the National Health Service wholly or mainly for the service provided by Gateshead Health NHS Foundation Trust. The Charity is funded by donations andlor legacies received from patients, their relatlves, staff, the general public and other external organisations. The overall strategy of the Charity 18 to provide support by the following mean8',- Patlonts Expondituro - Purchase equlpment and provision of goods or services to enhance a patient's stay. Staff Expondlturo - Support for training and development. Improving slaff facililie8 and 8eNices. Capltal Equipnent- Equipment in addition to that normally provided by the Trust. Medlcal Research - To provide support for medical research projects. Relationshlps with Related PartieslExternal Bodles Gateshead Health NHS Charitable Fund works closely with Gateshead Health NHS Foundation Trust. Nearly all of the expenditure is to provide services and facilities to thi8 organisation or members of its staff. Close links are also maintained with the Women's Cancer Detection Society and the RVS. The Charitable fund acknowledges these links in the overall provision of charitable support to the related health provision of our patients. 12
GATESHEAD HEALTH CHARITY R8view of the Finances, Actlvlt108, Achlev8m6nt8 and Porformance of the Charitable Funds The Charity started the year with net assets valued at £2,337,859 (2023: £2,345,195). The year ha8 been active with total expenditure of £261,568 (2023: £271,612). Income received of £331,431 (2023: £312,075) is an increase of £19,356 on the previous financial year. The charity benefited from £111,984 {2023: £73,406) of legacy income in the year, an increase of £38,578 and a reduction in donations of 20,732 to £153,018 {2023'. £173,750). Grant income reduced by £30,000 to zero in the year. Favourabl8 market conditions have resulted in an unrealised gain on investments of £91,619 (2023: £47,7991088). The committee on behalf of the Charity continues to closely monitor the inveslrnents along with advisors from CCLA Investment Management. An overall net increase in charitable funds of £161 ,482 (2023: reduction in funds of £7,336) has been recorded. Funds were spent on.. Medical research Staff training and wellbeing Other medical equipment and fixtures and fittings Many smaller items were also purchased, all of which contributed greatly to the welfare of patients and Staff. Administration fees in the year have increased to £103,432 (2023.'£59,228), mainly due to staffing costs due to a post previously financed through grant intome being made permanent. The Charity does not directly employ any mernbers of staff. The services used by the Charity are provided by employees of Gateshead Health NHS Foundation Trust. The cost of providing these services is recharged to the Charity by the Foundation Trust. As stated above, we were privileged to receive legacies throughout the year totalling £111,984 (2023: £73,406). Many people helped to raise funds by carrying oul various sponsored evenls e.g. parachute jumps, runs, walks, coffee momings etc. and many people gave direct donations often in memory of a loved one. The Charity is indebled lo the generosity of patients, their families and carers, well-wishers and friends who have donated so generously to the work of the charity. The Charity ended the year with total net assets of £2,499,341 <2023: £2,337,959). 13
GATESHEAD HEALTH CHARITY Reserves Policy A formal Reserves policy was established in December 2014 and is reviewed annually by the Charilable Funds committee. The TTUStee through the Charitable fvnds committee regularly reviews and actively monitors the level of uncommitted reserves, with a stipulated minimum balance of £250,000. Investment Policy The Trustee maintains a cautious investment policy. The investments in funds managed by CCLA Investment Management Limited give8 a conservative balance between equity, cash and property. Funds are invested to provide access for the short-, medium- and long-tenn needs of the Charity. The investments aim to be socially and ethically responsible in line with the objectives and ethos of the Nalional Health Service. Principal Risks and Uncertalnties Only one major risk has been identified by the Trustee i.e. that the value of the investment8 will fall due to the current economic climate of the country. This risk is mitigated by the Trustee regularly monitoring the perf0rrnan of the investment funds. Plans for future porlods The Trustee does not expect any changes in the objectives of the charity in the forthcoming year. The Charily actively fundraises and relies upon the generosily of patients, their relatives and other donors who are familiar with or have experienced the care of Gateshead Health NHS Foundation Trust. As part of the ongoing development of the charity, the charity will be developing a fundraising strategy alongside the money that is currently donated by our staff, patients, their relatives and other donors who are familiar with or have exp8rienced the care of Gateshead Health NHS Foundation Trust. Signed: Signed.. Group Chief Executive Deputy Director of Finance Date: 29th January 2025 Date: 29th January 2025 14
GATESHEAD HEALTH CHARITY Statement of the Corporate Trustee's responsibilities in respect of the Trustee's annual report and the financial statements Under the trust deed and charity law, the Corporate Trustee is responsible for preparing the Trustee's Annual Report and the financial statements in accordance with applicable law and regulations. The trustee has elected to prepare the financial statements in accordance with FRS 102 The Fin8nci81 Reporting Standard 8ppIic8ble in th8 UK. The financial slatements are required by law to give a true and fair view of the state of affairs of the charity and of the excess of expenditure over income for that period. In preparing these financial statements, generally accepted accounting practice entails that the trustee,. selects Suitable accounting policies and then apply them consi8t8ntly; makes judgements and estimates that are reasonable and prudent; states whether applicable UK Accounting Standards and the Statement of Recommended Practice have been followed, subject to any material departure8 disc108ed and explained in the financial statements; states whether the financial statements comply with the trust deed, subject to any material departures disclosed and explained in the financial statements. and prepares the financial statements on the going concern basi8 unle88 it is inappropriate to presume thal the charity will continue in business. The trustee is required to act in accordance with the trust deed of the charity, wilhin the framework of trust law. It is responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial posilion of the charity at that time, and to enable the trustee to ensure that, where any statements of accounts are prepared by them under Section 132(1) of the Charilies Act 2011, those statements of accounts comply with the requirements of regulations under that provision. The trustee has 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 trustee is responsible for the maintenance and integrity of the financial and olher inforniation 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. 15
GATESHEAD HEALTH CHARITY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GATESHEAD HEALTH NHS FOUNDATION TRUST CHARITABLE FUND Opinion We have audited the financial statements of Gate8head Health NHS Foundation Trust Charitable Fund for the year ended 31 March 2022 which comprise the Stalement of Financial Activities, the Balance Sheet, Cash Flow Statement and the related notes 1 to 13, including a summary of significant accounting policies, The financial reporting framework that has been applied in their preparation is applic8ble law and United Kingdom Accounting Standard8 (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland.. In our opinion the financial Statements: give a true and fair view of the slate of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resource8, for the year then ended; have been properly prepared in accordance wilh United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISA8 (UK)) and applicable law. Our re8pon8ibilities under those standards are further described in the Auditor's responsibilitie8 for the audit of the financial statements section of our report b81ow. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our olher ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 18 sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements, we have conduded that Ihe trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to events or condition8 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 12 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 relevanl sections of this report. 16
GATESHEAD HEALTH , CHARITY Other Information The other information comprises the infornation included in the Trustee's Report and Financial Statements, other than the financial statements and our auditor's report thereon. The trust888 are responsible for the other information. Our opinion on the financial statement8 does not cover th8 olher information and we do not express any fom 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 wilh the financial statemenls or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material rnisstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of the other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch wo are required to report by exception We have nothing lo report In respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf, In our opinion: the information given in the Trustees, Annual Report is inconsistent in any material respect with the financial statements., or • sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records and retums; or • we have not received all the informatlon and explanations we require for our audit. Responslbllities of trustse8 As explained more fully in the Statement of the Corporate Tru8tee'8 responsibilities in respect of the Trustee's annual report and the financial statements set out on page 8, the tru8tee8 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 conlrol as the trustees determine is necessary to enable th8 preparation of financial 8tatement8 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 abilty to Gonlinue as a going concern, disclosing, a8 applicable, matters related to going concem and using the going concem basis of accounting unless management either intends to liquidate the charity or to cease operations, or has no realistiG afternative but to do so. 17
GATESHEAD HEALTH CHARITY Auditor's responsibllltles for the audit of the financlal statsments 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 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 nol a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exist8. Mi88tatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could rea80nably be expected to influence the eGonomic decisions of users taken on the basis of these financial statements. Explanatlon as to what extent the audit was consldered Capable of dotecting Irregularlties. Includlng fraud Irregularities, including fraud, are instances of non-compliance with laws and regulation8. We design procedures in line wilh our responsibilities, outlined above, to detect irregularities, including fraud. The extenl lo which our procedures are capabl8 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 internal controls may mitigate such risk. These controls are reviewed as part of the audit by performing systems walkthroughs to ensure they are operating effectively. Other substantive testing is also performed on all material balances and therefore any instances of non-compliance should be identified or Gonsidered as insignificant. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at https:IAfyww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. 18
GATESHEAD HEALTH CHARITY Use of our report This port is made solely to the Trustees, as a body. In accordance with Part 4 of the Charlties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so thal we might stale to the charity's trustees those matters we are required to State to them In an auditors, report and for no other purpose. To the fullesl extent Penitted by law, we do not accept or assume responsibility to anyone other than the charlty and the charily's trustees as a body, for our audlt work, for this report, or for Ihe opinions we have formed. Michael T Moran BA FCA (senior Statutory Auditor) for an on behalf of Robson Laidler Accountants Limited Statutory Auditor Fernwood House Fernwood Road Jesmond Newcastle Upon Tyne NE2 1TJ 31 January 2025 Robson-Laidler Is ellglble to act as an audllor In terms of 8eclion 1212 of Ihe Companies Act 2006.
Gatesh nTr St Charltable Fund Annual Accounts 2023124 Slatement of Flnanclal Actlvltlos for thè y•ar onded 31 March 2024 Unr•strlthd Ra•trl6t•d EfidtrMn•rt Fund• Fund• FundB 21+24 2024 24 F1 2024 Fun 2023 Iwmo 102ALS3 111.884 67,181 181018 173,710 73,4th1 34,•19 Legac481 from Invutmen 6W9 Grants Tol•l lTr¢o J21 312 076 Expfrndllur• on Ch•rt&bh a¢bWb•s.' P&O•nts'woif4r• and 8menNo• Stff w•lfar• thnd am•nll88 M•die41 COnon9 to the Fndth)n Tru•1 Total •xpondhur• 18•.146 36,152 17AIX 20,23• 206,17• 64390 182,4 4,110 01,2 224 281.M8 N•t gaknWllo$8•110n Invwtrmnts 70 91819 N•t In¢gm•llExp•ndltur•) 173.166 {11706) 8M2J 111h82 (7A36) Trxffjf•r• b•*•A•n ILmdi N•t mov•rn•nt In fvnd• 10 17492• {19.61n 111h82 (7.336) Toial funds brought forward 10 1,9741 301107 2?37,809 2,348,196 T•tal fund• ¢•rrl•d for4v•rd 10 2 14• 7•0 281M20 17.721 2.4,341 2 337 85• 20
dHé Ith NHS Fo Annual Accounls 20 st Charitable Fund 312 Balanc• Shoet as at 31 March 2024 Notes Unr••trl¢tsd Rostrl¢t•d Endowment FurHI• Fund• Fund• 2024 2024 Tot•1 Fund 2024 Total Fund• 2023 Flx•d Augts Imieslrnonts Total Flx•d AM•ts 1303611 1,363.011 1233 329 1233 329 67,728 Curr•nt A•••t• DobtrAs Cosh •1 b•nk and In hand Totsl Curr•nt AM•ts 7•,176 13Z2 670 79,176 29.100 1230 175 1259 3SS 193 781 1 208 073 Cr•dil¢x•.' Amoun18 falllng due hln ono y••r 168,304 172.2441 1164,825 Net Curr•nl A••gts1 (Llabllltl••) 1,343.600 207,720 1,135829 1.104,830 Total Not Auots 11 2.149.795 281.820 87,728 2,418,341 2,337M69 Fund8 of tho Charlty Unr•fylrfcl•d In¢om• Fund8 R•$trkt•d Fund$ EndOonI Funds 10 10 10 2,149.790 2,11•,790 281.820 87,721 1,974m6 301h07 281.820 67,726 Total Fund• 2,149.798 281,1120 67,720 2,4•1,J41 2,337.189 Th• nol•$ •¢p•w• 2310 32 fom? wrtoflh• eneI l•lwl8 Apprgv•d by th• TnJ¥t•• •nd n•d on th•kb•h•Mby' 81on•d: N•mg'. J•n• F•y Do9n•t1(. tlng Group Dlr•cior of Fln•rK4 Ch•ftty Réoistratson Numbor 1088145 21
at nnual Accounts 20231 Cash Flow Statsment for year ended 31st March 2024 2024 2023 Cash Ilows from (Ipovatlni A¢tlvthles Net Sn¢r@aselldecreasel In Funds Adjustthents for.. Unreallsed IGalnsVL055e$ on knvestments Investment Income 181,482 (7,338} 1,819) 186,429) 47,rn {34•191 Decreaselllncreasel In Debtors Increa5ellOe(reasel In Creditors Ilrt C•¥h flows from Oper•ilh8 Aal¥ltse$ 149,918) 82,581 129,143 (16,1411 1>,486 C•sh Flo from In%*It1 Attl¥ltl•s Proceeds from the sale of Investments Interest Recelved Il•t C•%h Flowjfrom Inv•stlni Actl¥ltl•i 27.868 27,866 Il•t In¢r••MIIOe¢re•sel In C•sh •nd Cwh 19ul¥al•nts Cash Ind Cash EqValentS at be8lnnlD8 of year C¥h and Cash £quIlants at 4nd of y•ar 1101,271) 1,230,175 1,128,897 14300 1,216,816 1.230,171
¢tntlwJ Polld 1.1 Fa•lB of PY•pvwion Thoflnandal hswbgw pwr¢d wrthrih•hi•¢M¢o)•i cort1¢. 1h ts p01 In¥ethmtthIth arn IrKluded at141r ¥alu•. Th• •¢<4U Illn•nd•l ¥• b••n Cb•rfl fvv¢p•Anll ttstr¢tthmtsln tt¢rd• vAth the Fln•nd Rworvrq 8ppYrt&l•ln tho UK IFRS 102) the Ch¥l¥•• 201& Th•flrtkn •tll•m•rts v• w•pv•d In PDuTrJ •18rfknoWthl• th• knclJonal Dmn¢yol tho ¢8rlty. Mon•tw In ¢Jokn• C¢fi¢•rn •¢¢ort•Pth>••nprnp••d M •e cMc•m bath. Th•Tn•11 r•qthd to m•k•an a•TrI 8& at thè balan¢• gtr••1 d•t••• Ch•Tly rIMnI • gohycorK•m, Th• hal 8w••d tog bolwiof £250,1KKI hwld aTrJ, w at 31 M8reth 2022. th• I¥ In •wIth)n thotth•ehlty hlAad•qtO MWJf¢• tr¢¢•1 12 th• Ih• d•i•of•pprMI dlh•1•41•m•nl• that th•r•rnKkn( mAtslI uTro•rt&rfJw. ForfvJ• rno•oni th• Tru¥t•• lo•daplth• golngccrt4rn bulbln pMp•rty th•M ih•M li•lW I•110n b)• pu¢•• o fund myb•pth, th• R•trkA•J lhO•••t• th• doMrh•i pmmldad ferth•dorAUon to b6 Ip•rd In th•lurthernne• ola parlwwchIPUryw. o•h••d FadIOTruth Ch&Y•bl• rn•bfjthd t4 toN4lfmnl•o1 b•q¥t•. ¢))no0bi+1 ollkn•. Th• fvndi w• ty lh• lol r•tsn b••lD. f4¥)dsthc •f• now r••bSct•d knd• fA• do•1•d fvfieLI ¥•01d0rI to b•MfiI a cthtsln ar•a th• tv)plthl •rI•d whlch r•pr•••rts Charvi row¥ts Indud•i th• g•rml 1A Iorn• I Inwmg l•hKJthl•d lfi th• sw•m•niofFIMn¢4 ALlthw ai th• Idlrythng thr••thrJr¥ t4n b• m•i'. JuwnMI- •rfM•wthoTriJ pirllc4IwtowurrAry l•rnc•l¥abl• th•chdghttswmU le9illyThfu(••ty•: M) wob•bkt.wtfft)Illi prnb•bl•th•l th• b•Tho%d,. tHI rMa•Jr•m•nl. ¥th•n th? rnwW¥81u• ofth•lrKthTh• b• l¥b rdlablllty. 1.6 InEonh• Irom LIV L•pxl •r• •¢¢OWtsdlty ••lroyn• thIr upOrnr•lpt0r1WDkne oflhD ltyjry bJri•m¥ pmb•bl•. Th•¥AII b•once c¢aan i b••n rn¢•lv8d fmm th• reprn8•ntalm rAlheeaw•sthii ollh• legEGyll b• mod• w wty•rty trarlwj crt• dl 1K1d lo &l•1ty8cy hava fvmlled snd 1A Ineorn• Irom 2nd¢pFl Th• Incom•nc•lTht IrDmthB lrnvuknqnt ol knd$ w• %%fvlly 23
Ith NHS Foundation Trust Ch r Annual Acco ble Fund 1.7 Expondliur• and I¢0rabl• VAT •) ExP•nd1I• Al eXVdndilur¢ 1$ accounted lor an acuu•l$ ba61$ and has begn daGsltl•d und¥ h•adlng$ ttrtsgl agprngal• all co8t8 r•laied to th• cat•gory. All Oyndit8 recogni8ed ont Ih#re 18 81oyo1 or e0nstnJrti ab',tyAtion eommltting th• Charity to th• w8n¢Jtura. lffecoverable VAT i¥ charged a9&nsl tho Cglegory ol the ro•¢wrca$ g¥p•nded forthlc11 WJJ IrKurrnd bl Ch•rlt4bh aetfviti Cost$ of ¢h•rft4bl• •diVleS •ll r/J818 Idonlifled OB IrKurr•a in the pur8uIt of tho tharrtablo obl•c18 Of1 Charity. SL4)POrt ¢o¥t8 $ro •11o¢&W in prowrflon trj lh8 fvndirffj providad for •oth actlvlty. cl Gov•rn•n¢• ¢o•ts Gov•manc• c08t• C4>Mwt all coBli a88ociat•d th tho gov•mJr off•ng8m•nl8 of th• Ch•rty. Indudod Vithin th15 CatOry Are ary co•t• relullng to Ihtr publ¢ oco>Jntabthty ollM Charity, As e4nplnc• 1th1o9181a1lOTh •nd good w•Gll¢, ond 8tr•l•ty¢ tIVIty, •• ¢)ppoMd lo lo dgy m•n4•mant tsf th• Ch8rity8 #tivitlos. 1.8 In¥••tm•nt• Inv•Btm•nl fixad a$80ts •r• fyho at bid4n•rkot pnce 18 at tho balanc• sh••l date Th• 8l•l•m•nt of fiMno•l •cllvltle8 includ•• th• not ggln• fjnd kn808 orising on r•volu•llon ond dlw08918 througho th• yoor, 1,• Il••ll••d o•ln• •nd IoM•• I gains and •ra takarn to th8 Stat•mant of Flnanclal Acilvlll•s •8 IW arf Unr•allBed goin¥ lo8¥ or• c•lculal•LI aj th• differ•nco b•tvgn m•rk•¢ valu• al the y•Of •nd And m•th•l valuo lord•t• ol pJrchaM If lthrl. 24
Gats8hea Hoalth NHS Foundatlon Trust Charltablfr Fund nnual Accounts 202312 2a UnrMtrlct•d Funds Stotsmgntof FInala1 Artlvlty lor Y•ar Endod 31•t IAar¢h 2024 2024 Donallrx)$ Lew08 ILnl1 Invo8biwnl• Grants T&•1 In¢om• 102.883 111.984 57,061 178.$50 73.406 30,860 exp•Trdltur• ( 189,148 36.162 171,2a8 Staff wllafè 8md ame Medlcal res8wth Con1ut10nj lolh• Frth1ft Tru•1 Tot•1 •xpondur• 33.787 Nel gaIn{lo88&SI M tments 74,807 141,8591 14ot IKomo1(Exp•ndltfft 17J,110 122,4631 Tran$lern ttsw furKI• N•t mov•m•rtln fimd• Rw¢lll•llon olFunds.' Totsl fvnds trftrjgm lotrd 21.2411 1,974,881 1,996.107 Tol•l fund• carr1 fornard al•nc• 8hq•t •• •t 31•t M•rch 2023 2024 2023 Flx•d A•••l• Inve8tm•nts T•tal Flxod A•••l• 888 587 es6 587 Cun•nt A•MI• n,176 1322 17J 29.180 Cath at and In hond Totsl Cuff•nt A•••t• 1378 485 Crndlknrn.. Amatll119 du• 158,3011 198,188) N•t Curr•ntAs••l• $80 1278 279 Tot•1 N•1 A8•01• 795 1,974.eee Fund• ofth• Ch•rtty Unr•41rtct•d kneom• Fund• l149.79S 1,974,88e Tot•1 Fundo 1.974,888 25
ate8head Health NHS Foundatlon Tru8t Charftable Fund Annual Account8 2023124 2b Ro•trIct Funds 8tatem¢ntol Fln•nclal vIty forY•w Endwl 31¥t M•Tch 2024 2024 In¢om• from I)0118 185 200 Incom• frrffi InSImoN$ Granti TolAI In¢om• 7Aes 2,176 30.0 Exp•ndltur• on Charftabts •¢tlyKkn.' Paen18. YAlfaffj and •m•rtll•s Stall and M8dScal rewrth 17.030 20,238 11,220 1,772 Totsl •xp•nd#ur• Not golnW(knts08) on Inb8trfionts 9.912 12,9371 N•t Iw>Mledl1urn) 119,7051 18,447 Tra($ lurbY• M•t In knd• R•concW•tkM OfFld.. Total lundj bmughl lopMr¢l 11• e61 17.10 3ty1A07 ,299 Total lund• ¢ath•d loraYd Balanc• Shoot u at 3l•t &l•Kh 2013 2024 2023 Invtstm8nt$ T¢Xal Flx•d A•••t• ¢urr•n¢A•••t• Caih •t bgnk •rKI In TotsS ILlablllWM) 193 781 1P3781 117 110 117 11Q Crn¢ltorn.' Amowt• lallffj du• thlr on• y•w {13,9101 lJ6.8391 N•t¢uffontA••• Tot*1 N•tA•••l• Fund• oftho RMtdc4ed Irm FdI 28lWO 301,407 Tot•1 Fund• 281 301.40
al hNHS undatlon Trust C Annual Accou ts 2023124 2¢ End¢)wment Funds Stsl•rn•nt ¢f Fln•n¢hl A¢tlvlty for Y••r End•d Jl•t M•r¢h 2024 2024 2023 Incom• frofft Donations Legaw I18 from Inv•8tm8nts Total lTreom• Exp•ndllur• on Chontabl• •cllfft•.' Patients, lIaa Ind 8monltt•$ Sl•ff %wWaTO and mll0#s M•Jkpl r•sgJrch Conlribulions lo th• Fouthtlon TN Tot•1 •xp•ndltur• Not gath(81••I on Inv•8tsMin 6,140 {3.203) N•t In¢orn•llExp•TrNlltur•) 8,023 {1,320) Tr•nt bthon N•t m0m•t In fund• Racondllfjtlon gIFynd¥." Total ldI brou9M lorn•rd 8.140 03) 61.586 64.789 Total fund• ¢•rrl•d forward B•l•n¢• Sh••t a• at 31•t March 2C23 2024 2023 Flx•d A•••ts Invwlmen Yot•l Flx•d A•••t• Curr•ntA•MI• Oobtors C••h Il bank In h•nd Tot•1 Cwrr•nt A•••t• Cradltsrs.. Aftwunt• f•lllTrJ du• thkn on• N•t Cwr•nt A•••t•l TatAI N•t A•8•ts 67.728 81,S86 Fund• ol th• Ch•rlty EndryATr•nl Incom• Fun 87,724 81,588 Total Fundl 81,586 27
NHSF nTr Ann l Accov 24 J. Inlm•nI IvKom T•i•iFth¢• 24 2024 2Q24 2024 2•,3t¥ 7,381 1.88J 38.813 Jl,423 Inl•reyl tsrAthty 2024 8uppwt Q••t4 T•lll 2024 2023 PU8nl•Wdlore S rn•th$ 122,103 •V76 19MOO 291,17• 182,4JO 4.110 81.269 787 M•dk•l R•i•¥¢ C#. loth• TN l. ¢•nIrfllOfi• ioth• F¢wttdaiion TNII 2023 Th• brMkdNfftoIm•noq•ff1Qr h¥thts• h•v•bwn th¢al•d b•lY•n Q•rtl•bf• and GowrnwC¢•t• l• Ihtr l•blo bolr'. T(411 2024 co1 Inl•md Audll F Exlwnd awjll l•• W¢b•ll• & brnTrJl GIrI l••• 6UbKP¥D SOA17 60 $.4ty) 1.774 J82 1.774 12 32 Th• Cb•rfty do•$ m8mbwD of8i•ff Th¢ th# cty• prOdId by•nwlprn•olG*•hM¢F H•wllhNHS FeAttO•thM TN•i. Th¢o•i #fo0 the4• IJ r•#wd 1¢ ts Ch•rttYbv th• FemJnd•UM Tru•l. 28
Hoa hNHSFo Ilon Trust Charlta Annual Account8 2023124 7. Flx•d A••• •131 re 2fy1J Ch•w• In M•rt•¢V•lu• ••131 2024 AddWon• Dl•po••l• COIF Ch•rfl•8 EtrAc•i Inwthnt COIF Ch8rf¥8s 08posM Fund Lbyds CHI No¥¢e D•po$ TS M)fflttEndo¥%Th•nt EJ Wort8y Endoyrnnl MI Jxkwn Endowmoni Gatothgad PlertWthr• Fur EndoThthl 857.44S 204 2B8 110.C 4.029 23.318 J2.516 85.47• 942.924 242.861 110,th)O 4.431 28 38, 402 2.324 3.242 172 .708 1 a03 511 I lThv•¥kn•nts w• hqthl In th• UK. Ad¢WoM torary¢dthwilmwl Chang• In I1•tV1 A• at31 h11h 2024 2023 Addhlon• Unr¢8tyk¢d 690,687 475,15e 34M01 4.472 75M7 9,912 aQ824S 489.840 Endowmwt 91 1 g•J 511 Th• s1vfvC• dflnanthl In•trumonl lo )•ongokng OnI@l iuthlnobMJ+ ol G•i•th¢od H•th NHS F¢undd¢n TTrjdCh1lbkn Furnd li (•)n1r•I h) lh• soc4Jon •llhe •rvJal r•porf. Th• manaood bykn¥esYr¥J In odnthtgrod by wdofAlfvnO m•n8gD TDA1•OBa01ogutfy mnlorlhg wrfom•nr•J d h¥••knnl 29
Gate8hoad Health NHS Foundatlon Trust Charltable Fun 20 Analy•l• of D•btor• 2024 2023 Amounts falling duo %wlhMI on• yegr Amwnts due from Ggtg¥h•pd Hgallh NHS Foundation Tnffji Prep8yTh1$ Other debtor8 Tol•l dobtorn lilllng du• ¥lthln on• y•ai 1,424 1.370 Analy•h of Ci•dltor• 2023 2023 Amounlsl#litvJ llhln cth ye•r, Tra(le c(editors knounts lo Gatashoad H1th NHS Foundallon Tru•1 Other cr•lors Total cr•dkorn lalllng wlthlft on• 72,244 154.825
tc IAp A•at31 r¢hW b•lpwl aT.471 ImS,721 214 12.X4 111M31 24 178.ab4 lo? 783 {35.732) 233 177,2611 18t•ff & P•lwA• Phrn 4A30 11.7J2 21.626 21M9 1122) 11.36)) 4,703 ,510 2,47$ 21,474 .212 W7 IMI9 B70 1.143 27 10 olaY1• An••th• 13.137) 109 3.172 74 774 12 NHBCh•r•• TWh•r 110242 4,012 144. 25,SY 17.354 10.•&1 IL•B•ty) 17.wdl 10.4a6 1414 11.289) 375 Knty011¥• E Jill_j 15.95Y 2,1 13.7) 4J¥ J73 78 1I27Q ¢rfXl¢•r• 11,485) 406 34.J97 $74 123 71$ 4,451 20,843 39,757 2,324 17151 172 T1114 31
Gat08head Health NHS Foundatlon Trust Charltable Fund Ann 11. Analy9 ol n•t •D••ts b•¢wo•n Unvo•trl¢¢•d R•¥trlot•d Endowffl•nt fund• fund fund¥ 2024 2024 2024 Total 2024 Fixed a$sel$ Cur1 as88ts Cwrenl Ilabllllies 806.245 1.401.854 58.304 2,149 795 489.540 (193.781) 13.940 07.726 1.363,511 1.208,073 72,244 499.341 11 R•l•l•d Paity TrmMctlon• The Charfty l¥ ¢onngdgd to G•t•8head Health NHS FoundaUoTr Tnrnl11 bolng the K1• wpN•t• truthe of thg Chorfty. The BoArd of Ihe Dlrectors Lrf thfy Found80fyi Tru•t Ihor•lof• hwe dlr•ct ojntrcl of the Chafity thTough thelr C£trOl of tho Foundafjon Trwl. Th• Charfty$ objec¥•& are toapply I1m0 CaF41al for gny Cts1• purFQM rltng to the sor¥14 proj ty Ihg FouThJ81kn Trull arrfl thw•lor• rore eynded Mlal• to the Tfwt In Ihl$ y. 2022-23 Tumovor ol Not Swtlufyl (L8> for th• Conn•d•d orgAnItkIl 202&24 Tumovwol Net Swplu ILo8s1 thfr Connecaad orga881 £000 Orggnb49 Org•nlsotton £000 392,020 £o¢)o 400009 G8l•$h•ad H•allh NHS FtsJnd&tlon TfWt Con¥didiied Rea11 A• 4t31 M•rth 2tr24 lh• Chwlty u••d £72,244 lo ItsTruot12023'. £154,625). Th Tru,1 8ublary, Queen Ellz•beth Faclilles Llmlled. si¥JpW Ilw Chorfty A41h o¢t#J$ wvkes totslllng £10,308 In th8 Th Corpwat• TrUIt l• Cnd81•d to b• th• k•y mamgemenl oflhe Charty No Tw81•• c¢ mwnbers ol the manwmonl 8t•if or p8rt1•• r•l•l•d lo ikn Und•tsk any mat•rfal tran•cUc&th thè Chlrtty. Nfjllhr the C¢xpwat• TnJ•to• r*mgn8g•rnenl pernml d•lm•d r•munpAoUon or b¢n•frt• Iwm lh• Chthty duriNJ 13. FlnwKhl In•trum•nt• Th• wtyng amoml• ol fl¥1 •rKJ Illl11•% lThaud•'. 2024 A•set• mea8ured al lalr vglue tlwh piofft¥Thl108• A88et& mg8Jw•d •1 amwN•ed c¢ uabl11•• mwsurwj at afflorW¥8d •1 1,383.511 1,206,649 (72,244) 1,233,329 1.2S7.985 11 54.825) 32