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← The Shrewsbury And Telford Hospital NHS Trust Charity

2025-03-31-accounts

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SaTH Charity
Supporting NHS Staff
Patients and
Volunteers
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ANNUAL REPORT AND ACCOUNTS 2024 - 2025

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The Shrewsbury and Telford Hospital NHS Trust Charity
SaTH Charity is a Registered Charity No: 1107883Registered Charity 1107883
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MESSAGE FROM OUR CHAIR AND CHIEF EXECUTIVE OFFICER Andrew Morgan and Jo Williams

On behalf of the Trustees of The Shrewsbury and Telford Hospital NHS Trust Charity (SaTH Charity), we are pleased to present this Annual Report and extend our sincere gratitude to all those who have supported the Charity over the past year. Our vision is to transform healthcare, support staff and enrich the lives of every patient and community we serve.

We are deeply appreciative of every contribution received and we have been greatly impressed by the diverse and creative efforts of our fundraiser with a special mention to our workforce who continue to fundraise for their departments. From sponsored abseils and marathons to year-long fundraising challenges, the dedication shown by our staff, volunteers and community members is inspiring. We are equally grateful for the generous legacies and bequests made to the Charity, which play a vital role in enabling sustained improvements in patient care.

We wish to extend particular thanks to the League of Friends of the Shrewsbury and Telford Hospital (formerly the RSH League of Friends) and to Lingen Davies Cancer Fund for their continued partnership and support. Their longstanding contributions significantly enhance the work of the charity and have a direct impact on patient outcomes.

In the next few years we will be working even closer with our charitable partners as we embark on ambitious projects to raise funds to support the development of a dedicated Cancer Centre and Respiratory Centre at the Princess Royal Hospital. We are also working with Shrewsbury Severn Rotary Club to create beautiful ‘Sky Gardens’ for the wellbeing of our patients at the Royal Shrewsbury Hospital. Despite the challenging economic environment faced by many charitable organisations, we are pleased to report an increase in income compared to the previous year.

Charitable donations, legacies and investment raised an income of £557k which represents a 56% increase since 2022/2023. This positive outcome reflects the generosity and resilience of our local communities and of our workforce whose commitment to supporting the Charity remains unwavering.

As we look ahead to the coming year, we remain ambitious and optimistic. This report outlines the key achievements made possible by your support and how those funds have been allocated. We thank all of our supporters for their continued generosity, without which this work would not be possible.

Thank you all so much.

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MESSAGE FROM THE CHAIR OF THE CHARITABLE FUNDS COMMITTEE Teresa Boughey (non-executive director)

As Chair of the Charitable Funds Committee, it’s a privilege to champion the work of the Shrewsbury and Telford Hospital Charity.

This year, thanks to the incredible generosity of our supporters, we’ve raised nearly £560,000 and invested almost £210,000 into

Our Charity Lottery has been instrumental in supporting a range of staff wellbeing initiatives, with over £26,000 dedicated to projects that reflect just how much we value and care for our people. We know that when staff feel supported and appreciated, they are better able to deliver compassionate, high-quality care—underlining the vital connection

We’ve also made strategic investments in medical equipment that will have a lasting impact on clinical care. This includes funding for a urodynamics machine, a specialist system for kidney stone removal,

04ANNUAL REPORT AND ACCOUNTS 2024-2025

non-invasive ventilators, and reclining comfort chairs for patients across several departments.

Many of these enhancements were co-funded in partnership with the League of Friends—an invaluable collaboration that now supports both hospital sites and continues to go from strength to strength.

In April 2025, we launched our 2025–2030 Strategy, setting out an ambitious vision for the future. Our mission is to bring people and communities together to achieve extraordinary outcomes, by funding innovation, enhancing care environments, and supporting the wellbeing of our people in ways that go beyond what standard NHS funding can provide.

On behalf of the Charitable Funds Committee and the Corporate Trustee, thank you to everyone who supports SaTH Charity. Your generosity enables us to invest wisely and compassionately, creating a lasting difference for those we serve.

Together, we continue to support The Shrewsbury and Telford Hospital NHS Trust in delivering outstanding care to our communities.

Critical Care Garden

The kind donations of William Dodd’s family to SaTH Charity enabled works to the Critical Care Garden to be undertaken. His family raised over £6,500 with the aim of improving the garden for critically ill patients.

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HIGHLIGHTS FOR THE YEAR

April 2024

Mud, sweat and tears was centre stage for members of the Orthodontic and Oral and Maxillofacial Surgery who tackled the ‘Shropshire Mud Run’. The team raised £230 to purchase several electronic tablets to help educate patients on oral hygiene and orthodontics.

May 2024

The annual SaTH Charity Football Tournament took place on Sunday 19 May, with 14 teams and over 140 raised £4,800 for the Dementia staff taking part. The tournament Appeal. Hundreds of spectators supported the event and it also had a hugely positive impact on staff morale.

June 2024

SaTH Charity reached out to Tesco and their community champions asking if they could engage with their customers on our behalf. They were keen to support and set up toiletry banks, Tesco customers kindly added shampoo, soap, toothpaste and deodorant - all the items a patient might need if admitted unexpectedly. Volunteers kindly put the bags together and delivered to the Wards.

ANNUAL REPORT AND ACCOUNTS 2024-2025

September 2024 The ‘Off the Block’ Charity Abseil took place and raised over £20,000! 39 people got involved, including 2 volunteers in their 80s. The day was full of atmosphere with families cheering the participants on.

July 2024

For the 3rd Year running, SaTH Charity celebrated our staff and the NHS Birthday by giving out SaTH Charity Thank You Daisies. 300 people received a

excited to find out who had nominated them and were very touched by what had been written.

August 2024

Quality Matron Lisa Walker took Cycle To Work day up a gear, by cycling from Shrewsbury to the Princess Royal Hospital (PRH) for an 08:00 meeting on 01 August. The 17 mile journey took less time than Lisa thought and she made her meeting on time and raised over £260 for charity!

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November 2024

October 2024

Sarah Childs, a Paediatric Mental Health Nurse at the Trust, ran the Lake Vyrnwy Half Marathon to and raised £445 to purchase a ‘tool kit’ of items to help children to cope with their emotions during a stay in hospital.

Congratulations to the RSH theatre orderlies, Gareth, Dave, Nathan, John, Vasi and Stuart for raising over £1,300 for the Swan Fund by taking part in Movember. The six orderlies spent the whole of November growing facial hair to support the End of Life Care ‘Swan Fund’. Added together with previous years the team has raised £4,339 for End of Life Care at SaTH.

December 2024

SaTH Charity were honoured to receive a cheque for £5,000 from Telford Rotary Clubs. The money was raised through the annual ‘Tree of Light’ . Tree of Light was set up in 1995 by all the Rotary Clubs of Telford and since its inception it has raised £873,699 for local charities.

January 2025

Julia Johnson, Critical Care Practice Education Facilitator at SaTH, raised £2,672 by walking the coast of Anglesey, which is 130 miles. Julia did it over 12 walks and was fundraising for the new ‘Sky Garden’ for the Critical Care Unit at the Royal Shrewsbury Hospital.

February 2025

Every year the Alberbury Cricket Club organise a fundraiser and last year they raised £4,000 for the SaTH Charity Neonatal Fund. Ed Roberts and his wife Louise, members of the club asked if the money could be raised for the fund after their son Ben, received care on the Neonatal Unit when he was born 5 weeks early.

March 2025

Jane France took on the ‘Chester Triple Crown’ and raised £1,315 for the SaTH Charity Breast Cancer Fund. Jane chose to raise money in this this challenging event, which is a 10k, half marathon and a metric marathon, as she was grateful for the treatment she received at SaTH.

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SUPPORTING OUR PATIENTS | :
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SUPPORTING OUR PATIENTS

Our mission is to improve the health and wellbeing of our community by providing additional resources that complement the essential services offered by the Shrewsbury and Telford Hospital NHS Trust.

Through the generous contributions of our donors 111 projects have been funded for patients. We have purchased medical equipment that has enabled us to deliver faster care and enhance treatment outcomes. Additionally, we have supported the development of comfortable and healing environments within our facilities, recognising that the physical setting plays a crucial role in a patient's recovery journey.

“111 Projects for Patients have been funded”

YOUR DONATIONS HAVE HELPED US PURCHASE:

ANNUAL REPORT AND ACCOUNTS 2024-2025

SUPPORTING OUR PATIENTS

Upgrade of furniture for the Neonatal Unit parent’s flats including a electric raise bed - £13,000

Thanks to the generous donations from parents and relatives, the Neonatal unit were able to upgrade the furniture in the three parent flats onsite at Princess Royal Hospital including a new electric raise bed. The flats aim to be a ‘home from home’ for families who stay there, often for prolonged periods while their babies are being cared for.

The parent flats are essential to enable parents to stay with their baby, which promotes bonding, it supports the wellbeing of parents and babies, enables access for breastfeeding and family time together. Evidence shows skin to skin and close parent-infant relationships supports the neurodevelopment of babies, which is why it is so important for parents to be able to stay with their baby.

New stretcher improves patient care for cardiology patients - £6,098

SaTH Charity purchased a specialised stretcher designed for patients requiring Fluoroscopy X-rays., which is like an X-ray "movie," allowing doctors to see the heart which aids in diagnosis and guiding procedures.

The ‘fluoroscopy’ stretcher was purchased for the Cardiology Service and will greatly enhance the experience for our patients. The stretcher is designed to be used during the procedure which reduces the need to reposition patients during the fluoroscopy imaging. This means patients will receive quicker, more comfortable treatment.

They are specifically designed for use with specialist imaging systems, providing necessary clearance and stability. Patients can now be treated nearer the ward for things like temporary pacemakers and other procedures which reduces the need for them to go down to the cardiac catheterization laboratory.

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SUPPORTING OUR STAFF

SaTH Charity recognises the hard work of our staff and understand that their well-being is key to delivering high quality care to our patients. We continue to support staff through the Small Things Big Difference fund, which is funded by the SaTH Charity a staff lottery and lmost 100 staff requests have been fulfilled in 2024-2025.

all clinical pathways but the Small Things Big Difference Fund is the only fund that is solely for the benefit of staff who can apply to for items that provide comfort like kettles, microwaves and fridges for their staff rooms or outside picnic benches.

have been fulfilled in 2024-2025”

ANNUAL REPORT AND ACCOUNTS 2024-2025

SUPPORTING OUR STAFF

Outdoor wellbeing areas £7,900

priority for SaTH Charity. Over the last year we have bought 8 more picnic benches for Staff to enjoy their breaks outside — these have been installed in William Farr House, Ward 32 at RSH pharmacy and the Clinical Diagnostic Unit in Telford

We have also installed a hardtop gazebo for Ward 32 courtyard at RSH - purchasing the gazebo and benches, made the space

‘Safe space’ for the Professional Advocate Team - £240

Thanks to the Small Things Big Difference fund the Professional Nurse/Midwifery/AHP Advocate Team now has a comfortable ‘safe space’ to facilitate confidential, non-judgemental reflective conversations, helping colleagues process some of the thoughts they may be having relating to their work and/or home life.

Previous feedback from some of the team highlightedighlighted thethe difficuldifficulties in findfindinga suita bl e place to meet with members of staff away their place of work to talk openly and confidentially.

Investing in Greener Travel - £1,120

SaTH Charity purchased 2 bike racks for William Farr House for colleagues and patients cycling to William Farr House (Shrewsbury).

The previous bike racks were old and unsafe, so SaTH Charity funded ‘toaster’ style racks. Within minutes of them being installed someone was already using them.

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Pictured:

Naomi Atkins, CEO of Lingen Davies, Julia Clarke, Diretor of Public Participation at Shrewsbury and telford Hospital, and Richard Steventon, Vice-Chairman for the League of Friends of Shrewsbury and Telford Hospital.

WORKING IN PARTNERSHIP

This year we have continued to deepen our relationships with our onsite charity partners, The League of Friends of Shrewsbury and Telford Hospital (LoF) and Lingen Davies Cancer Fund (LD), who both share the same passion for improving patient experience.

Thanks to Lingen Davies, our patients have benefitted from £200,000 Surface Guided Radiation Therapy System (SGRT). SGRT is a rapidly growing technique that uses stereo vision technology to track

patients’ surface in 3D, for both setup and motion management during radiotherapy. Our patients have also benefit from a number of split funded projects with the League of Friends. These partnerships focus on fundraising that directly benefit patients at our hospitals.

SaTH Charity continues to be member of NHS Charities Together, which gives the Charity access to a wealth of information and support It provides training, seminars and there is an annual conference, where SaTH Charity can learn from larger charities in the sector. We are also grateful to be able to apply to their grant schemes and are actively working on bids for 2025/26.

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WORKING IN PARTNERSHIP - HIGHLIGHTS

Investment in Urology

SaTH Charity and the League of Friends linked up to jointly purchase a urodynamics machine for the urology department at the Royal Shrewsbury Hospital.

The Urodynanics machine is used to assess the function of the bladder and urethra. By jointly purchasing the Urodynamics machine with LOF there is now a urodynamics on both hospital sites, which has reduced the waiting list and travel time for patients.

Planted snowdrops

SaTH Charity and the League of Friends of Shrewsbury and Telford Hospital (LOF) came together to plant snowdrops in Captain Tom’s Garden at the Royal Shrewsbury Hospital (RSH).

The snowdrops were planted to remember June Whitaker, a longtime member and supporter of the League of Friends who died in the summer of 2023. June opened her home to the public every February so they could enjoy the magnificent carpet of snowdrops and donated the funds raised to for the Lingen Davies Cancer Charity to improve the lives of those before, during and after a cancer diagnosis.

Joint Charity Abseil Event

The Shrewsbury and Telford Hospital NHS Trust (SaTH) Charity, Lingen Davies Cancer Fund and the RSH League of Friends came together to raise funds to improve the experience and healthcare for local people through a unique charity abseil from the top of the ward block at Royal Shrewsbury Hospital (RSH).

All the money raised supported patients across Shropshire, Telford and Wrekin and mid Wales. The event raised over £20,000 for SaTH Charity.

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HOW YOU CAN HELP

The opening of Ward 32 Garden

The courtyard on Ward 32 (Trauma and Orthopaedics) at Royal Shrewsbury Hospital (RSH) has been redeveloped with the help of SaTH Charity.

LOOKING TO THE FUTURE

At the Shrewsbury and Telford Hospital NHS Trust Charity, we believe in the extraordinary power of compassion and community to transform lives which is underpinned by our 5-year strategy. Our Strategy is not just a roadmap—it is a call to action. It reflects our ambition to go beyond what is possible with NHS funding alone and to create a legacy of

.

Our strategic objectives outline the bold steps we will take to achieve our vision of becoming an exemplary healthcare charity.

We plan to open the ‘Transforming PRH’ Hub, which will be located in the main entrance of the Princess Royal Hospital (PRH) and be open 5 days a week and to promote the additional clinical developments taking place at PRH in the coming years. As well as a presence for SaTH Charity our charitable partners, Lingen Davies and the League of Friends, will also be using the space to promote appeals for the transformation of PRH. The HTP team will also be based in the Hub to inform the community about the exciting long-terms plans for PRH.

ANNUAL REPORT AND ACCOUNTS 2024-2025

During 2025/6 we plan to:

Scan the QR Code to read our 5-year strategy.

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HOW YOU CAN HELP

Would you like to get involved with SaTH Charity?

If you feel inspired to support our hospitals and help us to make a difference for patients and their loved ones visit www.sath.nhs.uk/about-us/charity or email sath.charity@nhs.net We can help you if you want to donate, share some successful fundraising ideas or just chat through ideas if you want to learn more – fundraising can be fun and rewarding!

umbrella of the Charity which cover all areas of services across the Trust from neonatal to end of life care, and everything in between.

If you are interested in fundraising for SaTH Charity, you could become a Charity Ambassador, whose role is to promote SaTH Charity within the community. We

something you would like to be part of contact us via sath.charity@nhs.net or via telephone 01743 492256.

Social media

One of the easiest ways people can help to support the Charity is to follow our social media platforms. Not only will you be kept up to date with our latest appeals, but every like, comment, share helps to raise awareness of SaTH Charity to potential supporters. It costs nothing to share our posts and reduces the need to use funds to advertise and communicate to the community we support.

Follow us:

Facebook

@ShrewsburyandTelfordHospitalCharity Instagram @sathcharity

FINANCIAL STATEMENTS

Foreword

The Shrewsbury and Telford Hospital NHS Trust (Corporate Trustee) presents The Shrewsbury and Telford Hospital NHS Trust Charity (the Charity) independently examined annual report and accounts for the year ended 31 March 2025. Charitable funds are accounted for separately from other income received by The Shrewsbury and Telford Hospital NHS Trust.

The annual report and accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The annual report and accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Following Treasury’s agreement to apply IAS 27 (Consolidation and Separate Financial Statements) to NHS Charities from 1 April 2013, The Shrewsbury and Telford Hospital NHS Trust has established that as the Trust is the Corporate Trustee of the linked Charity, it effectively has the power to exercise control so as to obtain economic benefits so therefore may need to consolidate its Charity Accounts into its NHS Trust Accounts. However the income, expenditure, assets and liabilities of the Charity are considered to be immaterial in the context of the accounts of The Shrewsbury and Telford Hospital NHS Trust and therefore the Charity’s accounts have not been consolidated into its NHS Trust.

Adam Winstanley, Acting Director of Finance

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FINANCIAL STATEMENTS

What we plan to do with your donations: our future plans

The longer term aim of the Charity is to continue applying income received from donations to benefit the public served by the Trust. The main source of income is given by the public through donations from grateful patients. We are continuing to look at increasing the ways that people can give. In particular, we are trying to increase the ways that people can give electronically. The Charity’s overall income has increased in this financial year due to several legacies received in year, which may represent the clearing of the backlog of estates waiting for probate. The grant income received from the national NHS Charities Together appeal has decreased over the last few years.

It is the Charity’s intention to continue to use its funds in broadly the same manner as in the past. The reconfiguration of patient services within Shropshire and the plans for redesigning patient care to meet the needs of the future will influence the priorities for spending charitable funds.

In 2025/26, we will continue to review our plans especially in the light of the increasing cost of living. We will achieve our mission by working with the NHS to fund equipment and research to develop the facilities to treat patients and to identify the treatments of tomorrow, as we actively seek to assist in equipping NHS staff with the skills they need.

Our role is not to replace or subsidise NHS healthcare, but to complement it. By working with the NHS, we aim to enhance the patient experience for people irrespective of their ethnicity, beliefs, or personal or family circumstances. We put this aim into practice by helping the patients, their families and carers, and visitors to the hospital.

Your support makes these plans possible and to help us, please consider making a donation.

How we manage the money

Within the Charity there are a number of restricted funds relating to particular wards and departments nominated by the donor. These are overseen by fund advisors who make recommendations on how to spend the money within the designated area within the boundaries of local guidance agreed by the Corporate Trustee.

The Charity holds an unrestricted fund for donations that are received with no particular preference expressed by donors. This fund can be accessed by all wards and departments for patient and staff welfare by following the Charity’s policy and procedures. The level of unrestricted funds decreased throughout the year.

The Corporate Trustee oversees the work of the fund advisors and has the power to revoke a fund advisor’s remit or, subject to any specific donor restriction, direct the use to which funds are put.

The Shrewsbury and Telford Hospital NHS Trust Board devolves responsibility for the on-going management of funds to the Charitable Funds Committee which administers the funds on behalf of the Corporate Trustee. The Committee is required to:

The Corporate Trustee approves decisions following recommendations from the Charitable Funds Committee. Additionally, copies of all policies relating to charitable funds are provided on the Trust’s intranet. Within the year quarterly investment reports have been provided by the Trust’s investment advisors.

The Trust’s Director of Finance is responsible for the day-to-day management and control of the administration of the Charity and reports to the Charitable Funds Committee. The Director of Finance has particular responsibility to ensure that the spending is in accordance with the objects and priorities agreed by the Charitable Funds Committee and the Trust Board:

Our reserves policy

The Charity has established a reserves policy as part of their plans to provide long-term support to The Shrewsbury and Telford Hospital NHS Trust for patient and staff welfare. The current reserves policy states:

As at 31 March 2025 the Charity holds restricted funds of £1,982,000 (2024: £1,738,000) and unrestricted funds of £422,000 (2024: £468,000). The description, nature and purpose of the restricted funds are contained within Note 23: Analysis of charitable funds.

The Corporate Trustee considers all unrestricted reserves to be free reserves and thus the level of free reserves is calculated as follows:

Unrestricted funds £422,000
Designated for
administration, fund-raising
and support costs		 £120,000
Free Reserves £302,000

Charitable fund advisors of restricted funds are encouraged to spend their funds appropriately within a reasonable period of receipt and not to keep any unnecessary reserves. However the Charity and the Corporate Trustee are continually trying to improve processes to enable charitable funds to be more easily and appropriately accessed. Fund advisors are expected to submit annual spending plans each year for the Charitable Funds Committee to review. This will offer earlier benefit to patients and staff.

‘’The Corporate Trustee recognises that the Charity is entirely dependent upon donations for its future viability which will inevitably be subject to fluctuations. With this in mind, an unrestricted fund reserve is required to meet one year’s administration, fund-raising and support costs and thus ensure the Charity is able to operate as a going concern.’’

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FINANCIAL STATEMENTS

Our financial health: a strong balance sheet

The assets and liabilities of the Charity as at 31 March 2025 are stated below, compared with the position as at 31 March 2024.

The net assets of the Charitable Funds as at 31 March 2025 were £2,404,000 (2024: £2,206,000). Overall net assets increased by £198,000 (2024: £44,000) with an unrealised loss on the valuation of our investments of £30,000 (2024: £203,000 gain) and an excess of income over expenditure of £228,000 (2024: £159,000 excess of expenditure over income).

31 March 2025 31 March 2024
£000 £000
Fixed Asset Investments 2,342 2,185
Current Assets 90 66
Creditors falling due within one year (28) (45)
Total Net Assets 2,404 2,206
Funds
Restricted funds 1,982 1,738
Unrestricted funds 422 468
Total Funds 2,404 2,206

About our investments

Investments are placed in a COIF (Charities Official Investment Fund) managed by CCLA Investment Management Ltd. This arrangement allows the Charity access to a wider portfolio of investments than would otherwise have been possible. This arrangement also ensures no investments are made in companies that would be contra to NHS principles. Investment performance is monitored by the Charitable Funds Committee which receives quarterly reports from the investment advisors.

An investment policy is in place, this is reviewed annually to ensure it continues to meet the needs of the Charity. The policy is designed to protect the Charity from undue adverse risk and inflation whilst ensuring the Charity’s long, medium and short term objectives are met. A cash balance remains in Royal Bank of Scotland current and deposit accounts to cover short-term funding requirements. During the year the deposit account generated £2,000 interest (2024: £2,000).

Following discussions with CCLA Investment Management Ltd the Charitable Funds Committee and the Corporate Trustee agreed during the year to retain investments in the COIF deposit fund and COIF Ethical Investment Fund. During this year these investments generated income of £12,000 (2024: £24,000 including dividends) and an unrealised loss on investments of £30,000 (2024: £203,000 gain).

These investment funds will be reviewed at Charitable Funds Committee meetings in the new financial year and the Committee will consider whether it needs to change the make-up of the Charity investments in the future.

The investment market had begun to recover in 2024/25 but fell in the final quarter. It is hoped the investment financial performance in 2025/26 will improve further.

How we organise our affairs: reference and administrative details

The Charity is registered with the Charity Commission under the single Registered Number 1107883 following the merger of the Royal Shrewsbury Hospital (RSH) and the Princess Royal Hospital (PRH) in October 2003.

The object of the Charity is to apply income received from donations to any charitable purpose or purposes relating to the National Health Service to benefit the public served by the Trust.

The registered address of SATH Charity is: Royal Shrewsbury Hospital, Mytton Oak Road Shrewsbury, Shropshire, SY3 8XQ

Corporate Trustee

The Shrewsbury and Telford Hospital NHS Trust is the Corporate Trustee of the Charity. The Executive Directors and Non-executive Directors of the Trust Board share the responsibility for ensuring that the NHS body fulfils its duties as Corporate Trustee in managing the Charity and are responsible for deciding policy and ensuring it is implemented. Members are not individual trustees under charity law but act as agents on behalf of the Corporate Trustee.

As Corporate Trustee, all serving members of The Shrewsbury & Telford Hospital NHS Trust Board are required to ensure that:

Our advisors

Investment managers CCLA Investment One Angel Lane, Management Ltd London, EC4R 3AB Independent Examiners WR Partners Belmont House, Shrewsbury Business Park, Shrewsbury, SY2 6LG Bankers The Royal Bank of Scotland Drummond House, 1 Redheughs Avenue, Edinburgh, EH12 9JN Legal advisors Hill Dickinson LLP No.1 St. Paul’s Square Liverpool, L3 9SJ

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FINANCIAL STATEMENTS

During the year, the following voting directors were members of the Corporate Trustee:

Chair Dr Catriona McMahon to 30.06.2024
Andrew Morgan from 01.10.2024
Chief Executive Louise Barnett to 13.09.2024
Interim Chief Executive Jo Williams from 14.09.2024
Assistant Chief Executive Inese Robotham
Non-executive Director Teresa Boughey
David Brown to 30.09.2024
Richard Miner
Wendy Nicholson from 01.01.2025
Sarah Dunnett from 08.10.2024
Trevor Purt Acting Chair from
01.07.2024 - 30.09.2024
Rajinder Dhaliwal
Rosi Edwards
Associate NED Simon Crowther
Medical Director John Jones
Director of Nursing Hayley Flavell to 01.01.2025
Chief Nursing Officer Paula Gardner from 01.12.2024
Acting Chief Operating Officer Sara Biffen to 03.11.2024
Chief Operating Officer Ned Hobbs from 22.10.2024
Director of Finance Helen Troalen to 23.06.2025
Acting Director of Finance Adam Winstanley from 20.01.2025

During the year, the following voting directors were members of the Charitable Funds Committee:



Chair
Non-Executive Director
Director of Finance
Acting Director of Finance
Acting Chief Operating Officer
Chief Operating Officer
Teresa Boughey
David Brown
Rajinder Dhaliwal
Rosi Edwards
Helen Troalen
to 23.06.2025
Adam Winstanley
from 20.01.2025
Sara Biffen
to 03.11.2024
Ned Hobbs
from 22.10.2024

Charity governance, structure and management arrangements

The Corporate Trustee is responsible for deciding policy and making sure that it is implemented. Day to day management is delegated to the Director of Finance who is responsible for carrying out the decisions of the Corporate Trustee and for working with the professional advisors and with the employees of The Shrewsbury and Telford Hospital NHS Trust who provide the financial services to the Charity.

The Charitable Funds Committee provides detailed scrutiny of the Charity’s activities, including income and expenditure and monitoring the performance of investments, and makes appropriate recommendations to the Corporate Trustee with regard to the Charity Commission’s guidance on public benefit.

The finance department review any Charity Commission guidance and advise appropriately with specific issues being raised for the attention of the Corporate Trustee through the Trust’s Charitable Funds Committee.

Trustee recruitment, appointment and induction

The Chair and Non-Executive Members of the Trust Board are appointed by NHS England under arrangements made by the Secretary of State for Health for a fixed term of not more than four years (renewable to a maximum of ten years in total). Executive members are subject to recruitment by the NHS Trust Board.

Non-Executive Members are selected to give a good mix of appropriate professional skills.

Members are given an opportunity to raise questions via the Corporate Trustee. Additionally, copies of policies relating to charitable funds are provided on the Trust’s intranet.

Members are provided with several Charity Commission publications to assist them in fulfilling their roles. Within the year quarterly investment reports have been provided by the Trust’s investment advisors.

Key management personnel remuneration

During the year none of the members of the NHS Trust Board or senior NHS Trust staff or parties related to them were beneficiaries of the Charity.

Neither any member of the NHS Trust Board nor the Corporate Trustee has received honoraria, emoluments or expenses in the year and the Corporate Trustee has purchased trustee indemnity insurance.

The Charity does not have any employees. The administration of the funds is carried out by employees from The Shrewsbury and Telford Hospital NHS Trust on NHS terms and conditions. Their remuneration is reviewed annually and is increased in accordance with the nationally agreed increases for their pay scales. The employees’ salary and related employment costs are recharged to the Charity from the Trust.

Looking ahead: risk analysis

The Charity has a policy that any significant risks to which the Charity faces or is likely to encounter are reported to the Charitable Funds Committee. The Charitable Funds Committee review the risks that are applicable to the Charity and are satisfied that the risks to the Charity have been mitigated.

The Charitable Funds Committee reviews its investments at each meeting and considers the risks surrounding the Charity’s investment strategy. This will need to be reviewed by the Committee during 2025/26 but it is hoped that the investment market will recover further during 2025 and the investment financial performance in 2025/26 will improve.

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FINANCIAL STATEMENTS

The Charity is reliant on donations to allow it to spend on charitable activities for the benefit of staff and patients at The Shrewsbury and Telford Hospital NHS Trust. If income falls the Charity would not be able to spend or enter into longer term commitments with the NHS hospitals we support.

NHS waiting times for treatment and an increased demand means there is a risk that the public’s goodwill for the NHS will reduce making fundraising more difficult.

The cost of living remains a significant pressure on many people’s lives. This is continuing to have an impact on the amount that people are able to donate to charity. This will be kept under review in 2025/26.

The NHS is, by its very nature, subject to national changes in government policy as well as local politically driven decisions. The Charitable Funds Committee regularly liaises with all of our NHS partners to understand any potential changes and identify any risks as it may mean initiatives or healthcare activities supported by the Charity are no longer delivered in the area.

Related parties

The Shrewsbury and Telford Hospital NHS Trust is the Corporate Trustee of the Charity and is therefore a related party. The Charity works closely with, and provides the majority of its funding to, The Shrewsbury and Telford Hospital NHS Trust which comprises of the Royal Shrewsbury Hospital and Princess Royal Hospital in Telford.

The Shrewsbury and Telford Hospital NHS Trust provides a number of administrative services, including accounts preparation, available to the Charity by agreement with the Corporate Trustee.

The Charity is one of over 230 NHS charities in England and Wales who are eligible to join NHS Charities Together. As a member charity, the Charity has the opportunity to discuss matters of common concern and exchange information and experiences, join together with others to lobby government departments and others, and to participate in conferences and seminars which offer support and education for staff and members of the Charitable Funds Committee. As a member of NHS Charities Together, the Charity has also been very grateful to receive grants from their national appeals.

Our relationship with the wider community

The ability of the Charity to continue its vital support for the two hospitals is dependent on its ability to maintain and increase donations from the general public. The Charity also continues to forge strong relationships with members of staff of the hospital without whose co-operation the ability to make an effective contribution would be much diminished.

It is hoped the Charity will continue its good relationships with other local charities such as the League of Friends and Lingen Davies Cancer Fund to seek opportunities to work together in the future to fund joint ventures.

Volunteers

On behalf of the Corporate Trustee, the Charitable Funds Committee would like to pay tribute to the members of staff who give their time out of hours in support of the work of the Charity and our fundraisers who do so much to encourage others to enrich lives through donations and fundraising activities.

STATEMENT OF TRUSTEE’S RESPONSIBILITIES IN RESPECT OF THE TRUSTEE’S ANNUAL REPORT AND ACCOUNTS

Under charity law, the Corporate Trustee is responsible for preparing the Corporate Trustee’s annual report and accounts for each financial year which show 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 Corporate Trustee:

The Corporate Trustee is required to act in accordance with the trust deed of the Charity, within the framework of trust law. The Corporate Trustee is responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the Charity at that time, and to enable the Corporate Trustee 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. The Corporate Trustee has general responsibility for taking such steps as are reasonably open to the Corporate Trustee to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.

==> picture [274 x 97] intentionally omitted <==

----- Start of picture text -----
Signed on behalf of the Corporate Trustee:
Signed on behalf of the Corporate Trustee:
Signed:
Name:
Signed: Porg
Name) Date: ANDREW MORGAN
----- End of picture text -----

26

INDEPENDENT EXAMINER'S REPORT

TO THE CORPORATE TRUSTEE OF THE SHREWSBURY AND TELFORD HOSPITAL NHS TRUST CHARITY

I report to the Corporate Trustee on my examination of the financial statements of The Shrewsbury and Telford Hospital NHS Trust Charity (the charity) for the year ended 31 March 2025 which are set out on pages 29 to 45.

Responsibilities and basis of report

As the Corporate Trustee of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

SJ Tweedie BSc, FCA, DChA WR Partners

Belmont House Shrewsbury Shropshire SY2 6LG

3 December 2025 Dated: ...........................

FINANCIAL STATEMENTS

Statement of Financial Activities for the year ending 31 March 2025

Note £000
Unrestricted
Funds		 £000
Unrestricted
Funds		 £000
Unrestricted
Funds		 £000
Restricted
Funds		 £000
Restricted
Funds		 £000
Total Funds
2025		 £000
Total Funds
2025		 £000
Unrestricted
Funds		 £000
Unrestricted
Funds		 £000
Unrestricted
Funds		 £000
Restricted
Funds		 £000
Restricted
Funds		 £000
Total Funds
2024		 £000
Total Funds
2024
Income from
Donations and legacies 3 16 527 543 131 310 441
NHS Charities Together 4 0 0 0 0 30 30
Investments 7 3 11 14 26 0 26
Total incoming resources 19 538 557 157 340 497
Expenditure on
Charitable activities (59) (270) (329) (153) (473) (626)
NHS Charities Together 0 0 0 0 (30) (30)
Total expenditure 9 **(59) ** (270) (329) (153) (503) (656)
Net income/ (expenditure) (40) 268 228 4 (163) (159)
Gross transfer between funds
21
 0 0 0 (3) 3 0
Net incoming/(outgoing) resources (40) 268 228 1 (160) (159)
Net gains/ (losses) on investments (6)
(24) (30)
 203 0 203
Net Movement in funds (46) 244 198 204 (160) 44
Reconciliation of Funds
Total Funds brought forward 23 468 1,738 2,206 264 1,898 2,162
Total Funds carried forward 23 **422 ** 1,982 2,404 468 1,738 2,206

28

Balance Sheet as at 31 March 2025

Note Unrestricted Funds Restricted Funds Total Funds
2025		 Unrestricted Funds Restricted Funds Total Funds
2024
£000 £000 £000 £000 £000 £000
Fixed assets
Investments 16 360 1,982 2,342 447 1,738 2,185
Total Fixed Assets 360 1,982 2,342 447 1,738 2,185
Current assets
Debtors 17 0 1 1 1 0 1
Cash at bank and in hand 18
67		 67 67 22 22 22 89 63 2 65
Total Current Assets 67 67 67 23 90 64 2 66
Liabilities
Creditors falling due within one 19 (5) (23) (28)
(43)		 (43) (43) (43) (2) (45)
year
Net Current assets/(liabilities) 62 62 62 0 62 21 0 0 0 0 0
21
Total net assets or liabilities 422 1,982 2,404 468 1,738 2,206
The funds of the charity: 23
Unrestricted income funds: 422 0 422 468 0 468
Restricted income funds 0 1,982 1,982 0 1,738 1,738
Total charity funds 422 1,982 2,404 468 1,738 2,206

Signed on behalf of the Corporate Trustee: Signed on behalf of the Corporate Trustee: Signed: Name: Signed: Dora Name: ANDREW MORGAN Date:

FINANCIAL STATEMENTS

Statement of Cash Flows for the year ending 31 March 2025

Total Total
Note Funds Funds
2025 2024
£000 £000
Cash flows from operating activities
Net cash provided by (used in) operating activities 20 197 (177)
Cash flows from investing activities
Interest from investments 7 14 26
Sale of investments 16 0 2,207
Purchase of investments 16 (187) (2,014)
Net cash provided by (used in) investing activities (173) 219
Change in cash and cash equivalents in the reporting 24 42
period
Cash and cash equivalents at beginning of the 18 65 23
reporting period
Cash and cash equivalents at the end of the 18 89 65
reporting period

Notes to the Accounts

1. Accounting Policies

(a) Basis of preparation

The Shrewsbury and Telford Hospital NHS Trust Charity is a registered charity with the Charities Commission in England and Wales, registration number 1107883. The registered office of the charity is Royal Shrewsbury Hospital, Mytton Oak Road, Shrewsbury, Shropshire, SY3 8XQ.

The financial statements have been prepared under the historic cost convention, with the exception of investments which are included at fair value.

The accounts (financial statements) have been prepared in accordance with the charity’s trust deed, the Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting

30

Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Shrewsbury and Telford Hospital NHS Trust Charity meets the definition of a Public benefit entity under FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £000.

The Corporate Trustee considers that there are no material uncertainties about the Charity’s ability to continue as a going concern. Donated income is almost back to pre-pandemic levels but continues to be affected by the cost-of-living crisis. The Charity has few on-going commitments so even a decrease in donations would not affect the Charity’s ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

The key risks to the Charity’s continuing going concern status are a fall in investment returns or if there was a substantial fall in income from donations.

(b) Funds structure The Charity’s funds are a mixture of restricted and unrestricted.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor at the time the donation was made.

Unrestricted funds comprise those funds which can be used at the Corporate Trustee’s discretion for any purpose in furtherance of the charitable objects.

The major funds held in each of these categories are disclosed in note 23.

(c) Incoming resources

All incoming resources are recognised once the Charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.

(d) Gifts in Kind

Gifts in kind, such as food and care packages are not accounted for when they are accepted and immediately distributed unless a single donation is material.

(e) Incoming resources from legacies

Legacies are accounted for as incoming resources either upon receipt or where the receipt of the legacy is probable. Receipt is probable when:

If there is uncertainty as to the amount of the legacy and it cannot be reliably estimated then the legacy is shown as a contingent asset until all of the conditions for income recognition are met.

FINANCIAL STATEMENTS

(f) Resources expended and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met:

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

(g) Recognition of expenditure and associated liabilities as a result of grants

During the past few years NHS Charities Together have provided grants to support the Charity. In 2023/24 the Charity was successful in being rewarded with a £30,000 grant to improve the visibility and presence of the Charity through the appointment for one year of a Marketing and Communications Officer.

(h) Allocation of support costs

Support costs are those costs which do not relate directly to a single activity. These include some staff recharges, costs of administration, external independent examination costs and IT system support. The support costs attributable to charitable activities for 2024/25 have been apportioned across those activities in proportion to the average fund balance. The analysis of support costs is shown in note 12.

(i) Fundraising costs

The costs of generating funds are the costs attributable to generating income for the Charity. The fundraising costs attributable to charitable activities are apportioned across those activities in proportion to the average balances.

(j) Charitable activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the Charity. These costs, where not wholly attributable, are apportioned between the categories of charitable expenditure in addition to the direct costs. The total costs of each category of charitable expenditure include an apportionment of support and fundraising costs as shown in note 9.

(k) Fixed asset investments

Investments are a form of basic financial instrument. Fixed asset investments are initially recognised at their transaction value and are subsequently measured at their fair value (market value) as at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Investments are included in the Balance Sheet at the current market value quoted by the investment advisors, excluding dividends.

The main form of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Further information on the Charity’s investments can be found in note 16.

32

(l) Debtors

Debtors are amounts owed to the Charity. They are measured on the basis of their recoverable amount.

(m) Cash and cash equivalents Cash at bank and in hand is held to meet the day to day running costs of the Charity as they fall due.

(n) Creditors

Creditors are amounts owed by the Charity. They are measured at the amount that the Charity expects to have to pay to settle the debt.

Amounts which are owed in more than a year are shown as long-term creditors.

(o) Realised gains and losses

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

(p) Staff costs and pensions

The administration of the funds is carried out by employees from The Shrewsbury and Telford Hospital NHS Trust whose costs are recharged to the Charity. These staff members belong to the NHS Pension Scheme which is an unfunded defined benefit scheme which is accounted for as a defined contribution scheme. The recharge from The Shrewsbury and Telford Hospital NHS Trust includes the employer contributions to that scheme.

2. Related party transactions

The Shrewsbury and Telford Hospital NHS Trust provides a number of administrative services to the Charity by agreement with the Corporate Trustee. These are included within support costs – see note 12. The Charity utilises The Shrewsbury and Telford Hospital NHS Trust’s Procurement and Payables system and the expenditure is then recharged to the Charity.

During the year, neither the Corporate Trustee nor members of the key management staff or parties related to it has undertaken any material transactions with or received any remuneration or expenses from The Shrewsbury and Telford Hospital NHS Trust Charity. As part of the normal course of business, the Charity has made payments totalling £261,000 (2023/24 £421,000) to The Shrewsbury and Telford Hospital NHS Trust as Corporate Trustee of the Charity. In 2024/25 an amount of £24,000 (2023/24 £42,000) was owing to the Trust at 31 March 2025. The total income of the Corporate Trustee in the year ended 31 March 2025 amounted to £724,065,000 (2023/24 £624,322,000) and the adjusted retained deficit amounted to £24,353,000 (2023/24 £54,582,000).

3. Income from donations and legacies

3.
Income from donations and legacies		 Income from donations and legacies
Income from donations and legacies Income from donations and legacies Unrestricted Funds Restricted
Funds		 Total Funds
2025		 Unrestricted
Funds		 Restricted
Funds		 Total Funds
2024
£000 £000 £000 £000 £000 £000
Donations 14 227 241 9 215 224
Legacies 2 300 302 122 95 217
Total 16 527 543 131 310 441

FINANCIAL STATEMENTS

Donations are gifts from members of the public, patients, relatives of patients and staff.

Legacy income is only included in incoming resources where receipt is reasonably certain and the amount is known with certainty, or the legacy has been received. As at 31 March 2025, no legacies (31 March 2024: no legacies) have been accrued due to the uncertainty to the value of the residual value of the estate.

4. Analysis of income from charitable activities In 2023/24 the Charity was rewarded with a £30,000 grant from NHS Charities Together to improve the visibility and presence of the Charity through the appointment for one year of a Marketing and Communications Officer. This need was identified by a gap analysis questionnaire created by NHS Charities Together that highlighted areas of potential improvement and actions to stimulate income growth.

£000
Unrestricted
Funds		 £000
Unrestricted
Funds		 £000
Unrestricted
Funds		 £000
Restricted
Funds		 £000
Restricted
Funds		 £000
Total Funds
2025		 £000
Total Funds
2025		 £000
Unrestricted
Funds		 £000
Unrestricted
Funds		 £000
Restricted
Funds		 £000
£000
Total Funds
2024		 £000
£000
Total Funds
2024		 £000
£000
Total Funds
2024
NHS Charities Together 0 0 0 0 30 30 30
Total 0 0 0 0 30 30

5. Analysis income from other trading activities

There are no incoming resources from trading activities during this period (2024: nil).

6. Role of volunteers

Like all charities, The Shrewsbury and Telford Hospital NHS Trust Charity relies on volunteers to organise coffee mornings, raffles and events towards donations to the Charity. In accordance with the SORP, due to the absence of any reliable measurement basis, the contribution of volunteers is not recognised in the accounts.

7. Gross investment income

7. Gross investment income Unrestricted Funds Restricted
Funds		 Total Funds 2025 Unrestricted Funds Restricted Funds Total Funds 2024
£000 £000 £000 £000 £000 £000
Fixed asset Investments Fixed asset Investments 3 9 12 12 24 24 0 24
Royal Bank of Scotland deposit account Royal Bank of Scotland deposit account
0		 0 0 2 2 2 0 2
Total 3 11 14 26 0 26

34

8. Analysis of expenditure on raising funds

The Charity incurred no expenditure on raising funds in the current period (2024: nil.)

9. Analysis of charitable expenditure

The Charity undertook direct charitable activities for the benefit of both staff and patients at the Shrewsbury and Telford Hospital NHS Trust. NHS Charities Together grant expenditure for 2024 relates to the appointment of a Marketing and Communications Officer.

Activities Support Total
undertaken Costs 2025
directly
£000 £000 £000
NHS Charities Together grants 0 0 0
NHS Charities Together - Patient welfare 3 1 4
and amenities
Patient welfare and amenities 155 89 244
Staff welfare and amenities 51 30 81
Total 209 120 329
Activities Support Total
undertaken Costs 2024
directly
£000 £000 £000
NHS Charities Together grants 30 0 30
NHS Charities Together - Patient welfare 27 6 33
and amenities
Patient welfare and amenities 437 90 527
Staff welfare and amenities 55 11 66
Total 549 107 656

10. Analysis of grants

The Charity does not make grants to individuals or to institutions other than The Shrewsbury and Telford Hospital NHS Trust. The Corporate Trustee operates a scheme of delegation for the majority of the charitable funds, under which fund advisors manage the day-to-day disbursements on their projects in accordance with the directions set out by the Corporate Trustee.

11. Movements in funding commitments

A reconciliation of the movements in provisions and funding commitments.

Current Non- Total
liabilities current 2025
liabilities
£000
£000
£000
Opening balance at 1 April 2024 (see note 19) 45 0 45
Additional commitments made during the year 209 0 209
Amounts paid during the year (226) 0 (226)
Closing balance at 31 March 2025 (see note 19)
 28 0 28
Current Non- Total
liabilities current 2024
liabilities
£000 £000 £000
Opening balance at 1 April 2023 (see note 19) 39 0 39
Additional commitments made during the year 549 0 549
Amounts paid during the year (543) 0 (543)
Closing balance at 31 March 2024 (see note 19) 45 0 45

36

FINANCIAL STATEMENTS

12. Allocation of support costs and fundraising costs

The support costs for 2024/25 have been apportioned across those activities in proportion to the average fund balance of all unrestricted and restricted funds.

Total Total
2025 2024
£000 £000
Independent Examination fees 3 3
Governance 3 3
Salaries and related costs 114 100
Just Giving/Cash carrier/Bank charges 2 3
Software Support 1 1
Total 120 107
Unrestricted Restricted Total
Funds Funds 2025
£000 £000 £000
Charitable activities 23 97 120
Total 23 97 120
Unrestricted Restricted Total
Funds Funds 2024
£000 £000 £000
Charitable activities 107 0 107
Total 107 0 107

The support costs for 2024/25 have been apportioned across those activities in proportion to the average fund balance of all unrestricted and restricted funds. The support costs for 2023/24 were netted off the investment gain and interest and allocated to unrestricted funds to recompense for the investment losses charged to the unrestricted fund in previous years.

.

13. Trustees’ remuneration, benefits and expenses

The Shrewsbury and Telford Hospital NHS Trust Board is the Corporate Trustee of the Charity. The Executive Directors and Non-Executive Directors of the Trust Board do not receive any additional remuneration, benefits or expenses for their role in relation to the Charity (2024: nil).

14. Analysis of staff costs and remuneration of key management personnel

The Charity does not have any employees. The administration of the funds is carried out by employees from The Shrewsbury and Telford Hospital NHS Trust. The employees’ salary and related costs are recharged to the Charity from the Trust. These are analysed as follows:

Total Total
2025 2024
£000 £000
Salaries and wages 93 82
Social security costs 7 8
Employers pension contribution 14 10
Total 114 100

The average number of recharged full time equivalent employees during the year was 2.03 (2024: 2.00). The salaries recharged to charitable funds include small percentages of key management personnel involved in providing support services to charitable activities or the governance of the Charity.

No employees had emoluments in excess of £60,000 (2024: nil).

15. Independent Examiner’s remuneration

The remuneration relating to the independent examination for 2024/25 totalled £3,030 (2024: £3,480).

This remuneration relates solely to the independent examination with no other additional work undertaken (2024: nil).

16. Fixed asset investments

16. Fixed asset investments
Movement in fixed asset investments Total Total
2025 2024
£000 £000
Market value brought forward 2,185 2,175
Deposits from Royal Bank of Scotland account 175 120
Dividends and interest 12 27
Withdrawals to Royal Bank of Scotland account 0 (340)
Add net gain/(loss) on revaluation (30) 203
Market value as at 31 March 2,342 2,185

38

FINANCIAL STATEMENTS

Fixed asset investments by type

Fixed asset investments by type
Units held as Units held as Total Total
at 31 March at 31 March 2025 2024
2025 2024
£000 £000
Common investment funds
Deposit Fund 267 255
Ethical Investment Fund 400,139 366,740 2.075 1,930
Total 2,342 2,185

All investments are carried at their fair value.

Investments are placed in a COIF (Charities Official Investment Fund) managed by CCLA Investment Management Ltd.

17. Analysis of current debtors

Debtors under 1 year Total
2025		 Total
2024
£000 £000
Accrued income 1 1
Total 1 1

18. Analysis of cash and cash equivalents

18. Analysis of cash and cash equivalents
Total Total
2025 2024
£000 £000
Royal Bank of Scotland accounts 89 65
Total cash and cash equivalents 89 65

19. Analysis of liabilities

19. Analysis of liabilities
Total Total
2025 2024
Creditors under 1 year
£000 £000
Trade Creditors 25 42
Accruals 3 3
Total 28 45

20. Reconciliation of net income/ (expenditure) to net cash flow from operating activities

Total Total
2025 2024
£000 £000
Net income/(expenditure) as per the statement of financial activities 198 44
Adjustments for:
(Gains)/losses on investments 30 (203)
Dividends and interest from investments (14) (26)
(Increase) /decrease in debtors 0 2
Increase/(decrease) in creditors (17) 6
Net cash provided by (used in) operating activities 197 (177)

21. Gross transfer between funds

During the year there were no transfers between unrestricted and restricted funds (2024: £3,000 transferred from unrestricted funds to restricted funds).

22. Accounting for funds received as agent

Funds received by a charity as agent are not recognised as an asset in its accounts because the funds are not within its control. The receipt of these funds as agent is not recognised as income nor is its distribution recognised as expenditure. The Charity received funds from NHS Charities Together for other community organisations in 2023 but the Charity did not receive any funds for other organisations in 2024 or 2025.

Total Total
2025 2024
£000 £000
Balance b/f 0 17
Income received 0 0
Expenditure 0 (17)
Balance c/f 0 0

40

FINANCIAL STATEMENTS

23. Analysis of charitable funds

Each of the restricted funds is designated for the welfare and benefit of staff and patients on the relevant ward/department within the Royal Shrewsbury Hospital and the Princess Royal Hospital, Telford.

a) Analysis of restricted fund movements 2025

Balance Income Expenditure Unrealised Balance Unrealised Balance
b/fwd Loss c/fwd
£000 £000 £000 £000 £000
Shropshire Haematology Blood Research 408 211 (29) (7) 583
Ward 23 Haematology/Oncology 164 9 (8) (2) 163
Breast Cancer Fund 132 13 (11) (2) 132
Cardiology 65 43 (12) (1) 95
Respiratory RSH 82 1 (4) (1) 78
Lottery Small Differences 59 40 (28) (1) 70
Renal/Nephrology 52 8 (2) (1) 57
Chemotherapy Day Centre 45 15 (8) (1) 51
Gynaecology 8 43 (1) 0 50
Pharmacy 45 6 (3) (1) 47
Sub-Specialty Cancer Fund 56 0 (9) (1) 46
Diabetes Hummingbird Centre 48 9 (10) (1) 46
Stroke - Ward 21, Ward 22R 46 1 (1) (1) 45
Elderly Care Patients 38 2 (2) (1) 37
Children’s Oncology 36 2 (2) (1) 35
ITU PRH 20 12 (5) 0 27
ITU RSH 38 7 (20) 0 25
Neonatal Unit 23 15 (15) 0 23
Colorectal 21 3 (1) 0 23
Vascular 22 0 (2) 0 20
Children’s Unit 20 5 (6) 0 19
A & E PRH 10 10 (1) 0 19
Charities Together 22 0 (3) 0 19
AMU RSH 18 0 (1) 0 17
Respiratory PRH 15 2 (1) 0 16
Radiotherapy 19 2 (6) 0 15
Swan Fund 16 12 (13) 0 15
Acute Medicine (AMU) 5 10 0 0 15
Dementia 5 15 (5) 0 15
Medical Wards RSH 13 1 (1) 0 13
Head and Neck General 13 0 0 0 13
Urology 26 4 (19) 0 11
Opthamology
X-Ray Department
Other funds below £10k (29 funds)		 10
0
138		 1
10
26		 0
0
(41)		 0
0
(2)		 11
10
121
Total 1,738 538 (270) (24) 1,982

b) Analysis of restricted fund movements 2024

Balance Income Expenditure Transfer Balance Transfer Balance
b/fwd c/fwd
£000 £000 £000 £000 £000
Shropshire Haematology Blood Research Shropshire Haematology Blood Research
509		 132 (233) 0 408
Ward 23 Haematology/Oncology 154 14 (4) 0 164
Breast Cancer Fund 122 10 0 0 132
Respiratory RSH 78 4 0 0 82
Cardiology 59 6 0 0 65
Lottery Small Differences 51 35 (27) 0 59
Sub-Specialty Cancer Fund 102 0 (46) 0 56
Renal/Nephrology 62 9 (19) 0 52
Diabetes Hummingbird Centre 50 2 (4) 0 48
Stroke - Ward 21, Ward 22R 62 1 (17) 0 46
Pharmacy 41 4 0 0 45
Chemotherapy Day Centre 40 11 (6) 0 45
ITU RSH 43 13 (18) 0 38
Elderly Care Patients 38 1 (1) 0 38
Children’s Oncology 39 0 (3) 0 36
Urology 23 3 0 0 26
Charities Together 49 30 (57) 0 22
Neonatal Unit 23 5 (5) 0 23
Vascular 22 0 0 0 22
Colorectal 20 1 0 0 21
Children’s Unit 21 3 (4) 0 20
ITU PRH 33 1 (14) 0 20
Radiotherapy 19 0 0 0 19
AMU RSH 19 1 (2) 0 18
Swan Fund 16 20 (20) 0 16
Respiratory PRH 13 2 0 0 15
MSK T&O RSH 10 5 0 0 15
Midwife Led Units 14 0 0 0 14
Head and Neck General 13 3 (3) 0 13
Medical Wards RSH 11 2 0 0 13
Ophthalmology 9 1 0 0 10
Other funds below£10k(32 funds) 133 21 (20) 3 137
Total 1,898 340 (503) 3 1,738

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FINANCIAL STATEMENTS

Shropshire Haematology Blood Research is restricted to the Clinical Haematology Service based on the first floor of the Lingen Davies Centre at the Royal Shrewsbury Hospital – this includes an outpatient clinic and the Haematology Day Unit.

Ward 23 Haematology/Oncology is restricted to the designated Oncology & Haematology Ward at the Royal Shrewsbury Hospital. The Ward has a treatment/assessment bay that is used daily by both Oncology and Haematology. The ward covers treatment of a wide spectrum of malignant and non-malignant haematological disorders.

Breast Cancer Fund is restricted to breast cancer care to purchase much needed medical equipment and provide training for the specialist breast care nurses.

The other funds below £100k are restricted to wards/departments/specialties within the Trust to purchase medical equipment, as well as enhancing and improving patient experience and comfort and provide additional training for staff.

(c) Analysis of unrestricted fund movements 2025

(c) Analysis of unrestrict ed fund movemen ts 2025
Balance Income Expenditure Unrealised Balance
b/fwd Loss
 c/fwd
£000 £000 £000 £000 £000
SaTH General Fund 468 19 (59) (6) 422
Total 468 19 (59) (6) 422

(d) Analysis of unrestricted fund movements 2024

Balance Income Expenditure Transfer Unrealised Balance
b/fwd Gain c/fwd
£000 £000 £000 £000 £000 £000
SaTH General Fund 264 157 (153) (3) 203 468
Total 264 157 (153) (3) 203 468

The unrestricted funds include all donations for which a donor has not expressed any preference as to how the funds shall be spent. These funds are applied for any charitable purpose to the benefit of the patients and staff in any ward/department within the Royal Shrewsbury Hospital and the Princess Royal Hospital at the discretion of the Corporate Trustee.

24. Total return on investment

Long-term investments are placed in a COIF (Charities Official Investment Fund) managed by CCLA Investment Management Ltd. This arrangement allows the Charity access to a wider portfolio of investments than would otherwise have been possible. During 2024 the Corporate Trustee approved an investment plan to retain the COIF deposit fund, but reduce the investment to £250,000, and transfer the balance of other funds to the COIF Ethical Investment Fund. During 2025 the Charity retained these investment funds and there were no transfers between funds.

COIF COIF Fixed COIF Total
Deposit Interest Ethical
Fund Fund Investment
Fund
£000 £000 £000 £000
Opening Balance as at 1 April 2024 255 0 1,930 2,185
Transfer between COIF and RBS 0 0 175 175
Interest Received 12 0 0 12
Unrealised Investment Gain/(Loss) 0 0 (30) (30)
Closing Balance as at 31 March 2025 267 0 2,075 2,342
COIF COIF Fixed COIF Total
Deposit Interest Ethical
Fund Fund Investment
Fund
£000 £000 £000 £000
Opening Balance as at 1 April 2023 998 1,177 0 2,175
Transfer between COIF and RBS (80) 0 (140) (220)
Dividends Received 0 7 0 7
Dividends transfer between funds 7 (7) 0 0
Transfer between funds (690) (1,177) 1,867 0
Interest Received 20 0 0 20
Unrealised Investment Gain/(Loss) 0 0 203 203
Closing Balance as at 31 March 2024 255 0 1,930 2,185

44