2024-12-31-accounts

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Registered UK Charity: 1121573

TRUSTEES’ ANNUAL REPORT ie Objectives and Activities i ‘id ys . - P2 * ‘oY ye . * wit | ee A + ¥ Achievements and Performance P4

Structure, Governance and Management Financial Review

Structure, Governance and Management P6 Financial Review P8 a DECLARATION P8 FINANCE REPORT P9 4 a ee SS = INDEPENDENT EXAMINER’S REPORT var 2 = < inlay —— >s y P25 on REFERENCE AND ADMINSTRATION DETAILS P26

two 1

OBJECTIVES AND ACTIVITIES

THE CHILDREN’S HOSPITAL TRUST, SOUTH AFRICA

We are the UK fundraiser for the Children’s Hospital Trust based in Cape Town, South Africa. Together our vision is of a world in which Africa’s children have access to quality healthcare, no matter where they live.

Established in 2007, the role of the UK office is to broaden the Trust’s international support base and to raise its profile globally. As per the objects of the Trust Deed, all funds raised are directed to the relief of sickness, promotion and protection of good health by supporting the activities of the Red Cross War Memorial Children’s Hospital, together with the Trust’s broader work in paediatric healthcare across Africa.

The UK Office is proud to have helped raise more than £3 million in this time.

FUNDRAISING ACTIVITIES

This last year has seen our small but dedicated team of Trustees, staff, volunteers and supporters come together to raise £296,000 in direct ‘Donation’ income. Up from £197,000 in 2023, we are delighted to have transferred £272,000 to support the Trust’s work in South Africa and beyond.

Fundraising activities delivered in order to achieve this include:

Trusts and Foundations: Representing 70% of our total income, we are proud to continue our partnership with the Burdett Trust and World Child Cancer. The new THET relationship grows and we are pleased to see St James Place Foundation support the Weekend Waiting List Initiative once again. We must say a special big thank you to the Vitol Foundation, which, for the last decade, has been our cornerstone donor. They are now refocusing their grant giving, but we will remain in close contact.

Events: Once again, 2024 saw over 50 dedicated runners sign up to complete the Royal Parks Half Marathon in aid of the Trust. Doubling our original target, this year our team really did go the extra mile. In total, their combined efforts raised more than £50,000 – making 2024 one of our best races yet! We have successfully secured 4 London marathon places for the next 3 years.

Corporate support: Over the past year, we had monthly support from Metro Bank.

Individuals and community fundraising: From an individual runner raising £25,000, to continued support from Clem Booth, our Patron, Cynthia Cormack MBE, The Rebstein family and Christian Raubenheimer, the commitment and endurance of our individual and community supporters have touched the lives of many little patients. Every Pound raised makes a world of difference.

ABOUT THE HOSPITAL

Based in Cape Town, the Red Cross War Memorial Children’s Hospital is one of the only specialist, standalone hospitals in Africa that is dedicated entirely to the care of children. Every year, the Hospital cares for 250,000 patients. The majority of these children are from South Africa’s poorest communities and townships, but some are referred from across the continent.

More than just a place of healing, this extraordinary building is famed for the delivery of groundbreaking treatment, specialist training, and cutting-edge medical research. With a reach that extends well beyond the local Cape, the Hospital is bringing world-class healthcare to some of Africa’s sickest children. It is a precious resource that we are proud to protect.

ACHIEVEMENTS AND PERFORMANCE

2024 has been an exceptional year for the UK Office; one that has seen total income rise due in large part to the timed instalments of a significant multi-year grant. Together with the contributions of new and existing partners, this income supports a number of priority projects that come together to give Africa’s children the best possible access to high-quality healthcare closer to home.

BECAUSE POVERTY DOESN’T HAVE TO MEAN POOR HEALTHCARE

The health of Africa’s children is at the heart of our work, and will always be our ‘reason to be’. As a valued national and international resource, it is our job to help make sure that the Red Cross War Memorial Children’s Hospital has the resources it needs to stay at the forefront of child health. To this end, projects supported by the UK Office in 2024 include:

Burns Expansion Project: Burns have life-altering consequences if not addressed quickly and effectively. Outside of Red Cross War Memorial Children's Hospital (RCWMCH), many children face delays in treatment due to insufficient infrastructure, limited resources, and a lack of specialised paediatric burns care. The project begins by linking RCWMCH with the Cape Winelands Health District, focusing on standardised burn care, improved infrastructure, and health worker training. Wound Care rooms, therapeutic play areas, and equipment will be established at Ceres District Hospital, Worcester Regional Hospital and Worcester Community Day Centre (CDC). All three facilities will open in 2025.

Special Equipment: Specialist paediatric medical equipment is vital for accurate diagnosis and effective treatment. These devices must be replaced every 5-10 years, but budget cuts in the health sector have made this challenging. The RCWMCH required several pieces of equipment to provide life-saving care, improve diagnostic accuracy, and meet the growing needs of its patients. In 2024, the Children’s Hospital Trust purchased both a lung function machine and a flexible endoscopy set.

The Harry Crossley Children’s Nursing Development Unit (CNDU): The UK has an estimated 60 000 children’s nurses. In Africa there are just a fraction of that number. That is why the CNDU offers nurses from across the continent a unique chance to specialise in paediatric care. Led by a dedicated team of experienced nurses, the programme has been designed to address the health priorities and resource limitations faced by its students on a daily basis. Since the project began in 2008, 626 specialist child nurses have been trained.

Orthopaedic Unit: Until recently, children needing specialist orthopaedic care were treated at the Maitland Cottage Children’s Orthopaedic Hospital. The Maitland Cottage facility has since closed down, and the paediatric orthopaedic services have been consolidated at the Red Cross War Memorial Children’s Hospital. The Children’s Hospital Trust has project-managed the construction of a brand-new unit, which will provide specialised in-patient medical and surgical care in a dedicated, modern facility. Once complete, the unit will feature a 30-bed specialist orthopaedic ward, a state-ofthe-art orthopaedic operating theatre, parent and staff facilities, as well as outpatient facilities. The new unit will be opening in the last quarter of 2025.

UPDATE FROM THE UK OFFICE

We recognise the level of competition we face in the UK fundraising market. Whilst progress in securing new income has been slower than anticipated, we believe we have a solid foundation, and look forward to building on this work in 2025. Moving forward, our core focus will continue to revolve around Trust and Corporate fundraising, with a view to expanding into Major Gifts. Work to streamline and further professionalise charity, marketing/communications activities will continue into the new year, with 2025 also seeing a strategic review of our Trusteeship.

GOVERNANCE

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Children’s Hospital Trust, South Africa (CHTSA) registered as an independent UK Charity (1121573) on 12th November 2007. The organisation is controlled by its governing document, a Deed of Trust, with the Board of Trustees responsible for its overall governance.

The UK Fundraising and charitable activities as overseen by the Chair of Trustees. Operations are run through a remote office system with correspondence directed to the Charity’s registered address.

Management Team: Mr Benedict Hall (Chair of Trustees) Ms Tamsin Ashmore (Trustee, Finance)

It is our aim that all donations made to the UK Charity are transferred to the South African team within eight weeks of receipt, with amounts greater than £5,000 transferred within the week of donation. Fundraising income and operational expenditure is reviewed on a monthly basis, with monthly accounts submitted to the South Africa team and verified against bank statements. From this, quarterly management accounts and Trustee meetings provide a forum to monitor overall financial performance together with the general charitable activity. This also serves as a means of risk mitigation.

TRUSTEES

All Trustees are volunteers who have been invited to serve on the Board in an administrative capacity because of their commitment to the work of the Red Cross Children’s Hospital.

Board of Trustees:

Mr Benedict James Dalton Hall Mrs Tamsin Ashmore Mr Stephen Oakenfull Mr John A Bester Mr Jaimie Waddell

The Trust Deed allows for the appointment of Trustees at any time. All appointments follow recruitment and interview by the Chair of Trustees and are for a two-year period followed by an optional 12-month extension. No Trustee receives remuneration for their role.

FINANCIAL SUSTAINABILITY

Core costs of the UK Office are currently funded through a combination of Gift Aid and administrative allocations within specified grants.

RESERVES POLICY

As a fundraising body, the level of funding held in the UK is kept to a minimum. As such, it is our policy to keep a baseline of at least 6 month’s operational expenditure in our administrative account at all times. In addition to this, organisational reserves are also viewed as the surplus operating funds held in the UK account for each quarter.

RISK MANAGEMENT

Risk mitigation activity is integrated into the daily operating systems of The Children’s Hospital Trust, South Africa. Weekly e-reports and regular calls between the UK Fundraising Manager, Chair of Trustees and Head of Fundraising (South Africa), provide opportunity to track risks as they arise, and to identify a suitable course of action. Where necessary threats identified as ‘High Risk’ will be elevated to the Board of Trustees and reviewed as part of the quarterly meeting agenda.

WORKING IN PARTNERSHIP

The object of The Children’s Hospital Trust, South Africa, is to raise funds in support of The Children’s Hospital Trust based in Cape Town. As such, the UK Office works in close collaboration with the team in South Africa, who provide additional resource with regards to marketing communications, strategy development and finance monitoring. Annual fundraising targets are based on an assessment of the UK fundraising landscape and are set by the UK Fundraising Manager in collaboration with South Africa’s Head of Fundraising. All UK targets are integrated into the annual strategy of The Children’s Hospital Trust and as such are subject to review by the South African Board of Trustees.

FINANCIAL REVIEW

In 2024, The Children’s Hospital Trust, South Africa, has an overall income of £295,914. Of this, £288,389 is direct ‘donation income’. A further £7,526 was received in Gift Aid. Trusts and Foundations continue to be our primary fundraising stream and accounts for 71% of overall income received. This is supported by event income (17%), community and individuals (6%).

We strongly protect that 100% of received donations go to projects* and that administration is funded separately. With this, we keep a tight track on our overall cost ratio, which runs at under 10% for FY2024 and is better than the industry standard.

In total, £272,182 was transferred to South Africa. These figures are lower than the direct donation income raised, which is due to timing of donations received and transfers made to South Africa. A total of £27,024 was spent on development costs to ensure the smooth running of the UK charity, including £15,132 enabling registration with the 2025 Royal Parks Foundation Half and London Marathon.

For details on our Reserves Policy and Financial Sustainability, please see page 7.

----- Start of picture text -----
a Trusts and Foundations = 71% 11% 1%
a Event income = 7% 2%
a Event fees = 1%
Se Individuals and community fundraising = 6% 6%
Item 3
a Corporate = 1% 1%
a Gift Aid = 2% Item 2
7%
a Core support = 11%
a Other = 1%
Item 1
71%
2024 income: £295,914
Transfers to Africa: £272,000
----- End of picture text -----

100% of received donations support project activities in Africa*.

*Excluding Gift Aid and, where stated, administrative allocations within grant funding.

Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the Charity’s Trustees

Signature(s) Full name(s) Benedict Hall Tamsin Ashmore Position (eg Secretary, Chair, etc) Chairman,Trustee

Date

27/09/2025

Section A: Statement of financial activities

	Unrestricted funds £ Restricted funds £ Endowment funds £ Total funds £ Prior year £ - 297,559 197,167 120,985 147,777 - 268,762 179,043 - - - - - - - - - - - - - - - - - - - - 28,797 - - 28,797 18,123 149,782 147,777

Incoming resources

Income and endowments from:
Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other Total

Incoming resources

Expenditure on:
Raising funds	27,021	-	-	27,021	24,055
Charitable activities	122,531	149,651	-	272,182	251,082
Separate material item of expense	-	-	-	-	-
Other	-	-	-	-	-
Total	149,552	149,651	-	299,203	275,137
Net income/(expenditure) before	230	-1,874	-	-1,644	-77,970
investment gains/(losses)
Net gains/(losses) on investments	-	-	-	-	-
Net income/(expenditure)	230	-1,874	-	-1,644	-77,970
Extraordinary items	-	-	-	-	-
Transfers between funds	-	-	-	-	-
Other recognised gains/(losses):
Gains and losses on revaluation of	-	-	-	-	-
fixed assets for the charity’s own
use
Other gains/(losses)	-	-	-	-	-
Net movement in funds	230	-1,874	-	-1,644	77,970
Notes and Explanations Reconciliation of funds:
Total funds brought forward:	46,490	-	-	46,490	124,460
Total funds carried forward	46,720	-1,874	-	44,846	46,490

Section B: Balance sheet

	Unrestricted funds	Unrestricted funds	Restricted funds Endowment funds	Restricted funds Endowment funds	Total funds	Prior year
		£		£ £	£	£
Fixed assets ~~hee~~
Intangible assets	-		-	-	-	-
Tangible assets	-		-	-	-	-
Heritage assets	-		-	-	-	-
Investments	-		-	-	-	-
Total fixed assets
	-		-	-	-	-
Current assets Stocks - SS~~S Sa~~		- - - - ~~Sa~~
Debtors	-		-	-	-	-
Investments	-		-	-	-	-
Cash at bank and in hand	45,146		-	-	45,146	46,790
Total current assets	45,146		-	-	45,146	46,790
Creditors: amounts
falling due within one	300		-	- 300		300
year
Net current assets/liabilities	44,846		-	-	44,846	46,490
Total assets less current liabilities	44,846		-	-	44,846	46,490
Creditors: amounts
falling due after one	-		-	- -		-
year
Provisions for liabilities	-		-	-	-	-
Total net assets or liabilities	44,846		-	-	44,846	46,490
Funds of the Charity Endowment funds - SSS~~Sa~~		- - - - ~~Sa~~
Restricted income funds	-		-	-	-	-
Unrestricted funds	44,846		-	-	44,846	46,490
Revaluation reserve	-		-	-	-	-
Total funds	44,846		-	-	44,846	46,490

Signed by one or two of the Trustees on behalf of all the Trustees

Signature		Print Name		Date of approval
		Benedict Hall		27/09/2025
Aahnoe — Mahmere		Tamsin Ashmore		27/09/2025

Section C: Notes to the accounts

Note 1 Note 1: Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: • and 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 on 16 July 2014
• and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland(FRS 102)
7
• and with the Charities Act 2011.

✓

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern, please provide the following details or state “Not applicable”, if appropriate: An explanation as to those factors that support the The reserves of the Entity are sufficient to cover the operational conclusion that the charity is a going concern; cost budget confirmed for the 2025 financial year. Disclosure of any uncertainties that make the going concern assumption doubtful; not applicable Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the not applicable accounts and the reason why the charity is not regarded as a going concern. 1.3 Change of accounting policy ~~eS ~~ The accounts present a true and fair view and the accounting policies adopted are those outlined in note{ }. Yes ✓ No * -Tick as appropriate _Please disclose: n/a (i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more n/a relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented n/a and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes ✓ No * -Tick as appropriate

Please disclose:

(i) the nature of any changes; None (ii) the effect of the change on income and expense or assets and liabilities for the current period; and n/a (iii) where practicable, the effect of the change in one or more future periods. n/a

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes ✓ No — * -Tick as appropriate Please disclose:

(i) the nature of the prior period error;

(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

None n/a n/a

Note 2 Note 2: Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 Reconciliation with previous generally accepted accounting practice

Please provide a description of the nature of each change in accounting policy

None

Reconcilation of funds per previous GAAP to funds determined under FRS 102

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||||| |---|---|---|---| |Start|of|period|End of period| |£|£| |-|-| |Fund balances as previously stated| |Adjustments:|-|-| |Fund balance as restated|-|-|

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Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

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||| |---|---| |End of period| |£| |-| |Net income/(expenditure)aspreviously stated| |Adjustments:|-| |Previous period net income/(expenditure) as restated| |-|

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2.2 Income

This standard list of accounting policies has been applied by the charity except for those ticked “No” or “N/a”. Where a different or additional policy has been adopted then this is detailed in the box below.

	No N/A Yes
Recognition of income	These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; ✓
	• the monetary value can be measured with sufficient
	reliability.
Offsetting Grants and donations Legacies Government grants Tax reclaims on donations and gifts Contractual income and performance related grants Donated goods	No N/A No N/A No Yes No Yes No No No No No There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Yes Yes Yes ✓ ✓ Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). N/A ✓ N/A ✓ Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. N/A ✓ The charity has received government grants in the reporting period. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. ✓ Yes Yes Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Yes The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Yes N/A N/A ✓ N/A ✓ N/A ✓ er ee eee = a ——— a
	No Yes No N/A ✓ No N/A Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in ‘Income from other trading activities’ with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against ‘Income from other trading activities’ and the proceeds from sale are also recognised as ‘Income from other trading activities’. Yes ✓ Yes Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. N/A ✓ oo ee ee fFtT

|Donated services and
facilities|Donated services and facilities are included in the SOFA
when received at the value of the gift to the charity
provided the value of the gift can be measured reliably.|No
N/A
✓
Yes
|
[|
ff| |---|---|---| |Support costs
Volunteer help
Settlement of insurance
claims
Income from interest,
royalties and dividends
Income from
membership
subscriptions|Yes
Yes
No
No
No
No
No
No
No
N/A
N/A
N/A
N/A
✓
Yes
Donated services and facilities that are consumed
immediately are recognised as income with an equivalent
amount recognised as an expense under the appropriate
heading in the SOFA.
✓
Yes
The charity has incurred expenditure on support costs.
The value of any voluntary help received is not included
in the accounts but is described in the trustees’ annual
report.
✓
Yes
This is included in the accounts when receipt is probable
and the amount receivable can be measured reliably.
Yes
Membership subscriptions received in the nature of
a gift are recognised in Donations and Legacies.
N/A
✓
Yes
Membership subscriptions which gives a member the
right to buy services or other benefits are recognised as
income earned from the provision of goods and services
as income from charitable activities.
N/A
✓
Insurance claims are only included in the SoFA when
the general income recognition criteria are met
(5.10 to 5.12 FRS102 SORP) and are included as
an item of other income in the SoFA.
N/A
✓
✓
=
ee eee
ee eee
I
ee eee
i—
[Ee|| |Investment gains
and losses|This includes any realised or unrealised gains or losses
on the sale of investments and any gain or loss resulting
from revaluing investments to market value at the end
of the year.|Yes
No
N/A
✓
|
[|
| || |2.3 Expenditure and liabilities||| |Liability
recognition|Liabilities are recognised where it is more likely than not
that there is a legal or constructive obligation committing
the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.|Yes
✓
No
N/A
|
[|
[|| |Governance and
support cost|Support costs have been allocated between governance
costs and other support. Governance costs comprise all costs
involving public accountability of the charity and its
compliance with regulation and good practice.|Yes
No
N/A
✓
|
[|
[| || ||Support costs include central functions and have been
allocated to activity cost categories on a basis consistent
with the use of resources, eg allocating property costs by
floor areas, or per capita, staff costs by the time spent and|Yes
✓
No
N/A
|
[|
[|| ||other costs by their usage.|| |Grants with
performance
conditions|Where the charity gives a grant with conditions for its
payment being a specific level of service or output to be
provided, such grants are only recognised in the SoFA
once the recipient of the grant has provided the specified|Yes
No
N/A
✓
|fT| ||service or output.|| |Grants payable
without performance
conditions|Where there are no conditions attaching to the grant that
enables the donor charity to realistically avoid the
commitment, a liability for the full funding obligation must
be recognised.|Yes
✓
No
N/A
|fT|

|Redundancy cost|The charity made no redundancy payments during the
reporting period.|Yes
No
N/A
✓
|
[|
[|| |---|---|---| |Creditors
Deferred income|No material item of deferred income has been included
in the accounts.
The charity has creditors which are measured at
settlement amounts less any trade discounts|Yes
No
No
N/A
N/A
✓
✓
Yes
|
[||
[|
[|| |Basic financial
instruments
Provisions for liabilities|The charity accounts for basic financial instruments on
initial recognition as per paragraph 10.7 FRS102 SORP.
Subsequent measurement is as per paragraphs
11.17 to 11.19, FRS102 SORP.
A liability is measured on recognition at its historical
cost and then subsequently measured at the best estimate
of the amount required to settle the obligation at the
reporting date|No
No
N/A
N/A
✓
Yes
✓
Yes
|
[||
[|
[|| |2.4 Assets||| |Tangible fixed assets|These are capitalised if they can be used for more than|| |for use by charity|one year, and cost at least.|| |||Yes
No
N/A| ||They are valued at cost.
The depreciation rates and methods used are disclosed|✓
|
[|
|| ||in note 9.2.|| |Intangible fixed assets|The charity has intangible fixed assets, that is,
nonmonetary assets that do not have physical substance
but are identifiable and are controlled by the charity
through custody or legal rights. The amortisation rates|Yes
No
N/A
✓| ||and methods used are disclosed in note 9.5|Yes
No
N/A| ||They are valued at cost.|✓
|
[|
[|| |Heritage assets|The charity has heritage assets, that is, non-monetary|Yes
No
N/A| ||assets with historic, artistic, scientific, technological,
geophysical or environmental qualities that are held|✓| ||and maintained principally for their contribution to|| ||knowledge and culture. The depreciation rates and|| ||methods used as disclosed in note 9.6.1.4.|Yes
No
N/A| ||They are valued at cost.|✓
|
[|
[|| |Stocks and work in
progress
Investments|Yes
Yes
Yes
No
No
No
N/A
✓
N/A
✓
N/A
✓
Fixed asset investments in quoted shares, traded bonds
and similar investments are valued initially at cost and
subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments
unless fair value cannot be measured reliably in which case
it is measured at cost less impairment.
Investments held for resale or pending their sale and cash
and cash equivalents with a maturity date of less than
1 year are treated as current asset investments.
Stocks held for sale as part of non-charitable trade are
measured at the lower or cost or net realisable value.
Goods or services provided as part of a charitable
eS
a
eee
|
[|
ff|| ||activity are measured at net realisable value based on
the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable|Yes
No
N/A
✓
|
[|
[|| ||loss that is likely to occur on the contract.||

	Debtors	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity.	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity.	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity.	Yes ✓ No N/A ee	Yes ✓ No N/A ee	Yes ✓ No N/A ee	Yes ✓ No N/A ee	Yes ✓ No N/A ee
		Subsequently, they are measured at the cash or other	Subsequently, they are measured at the cash or other
		consideration expected to be received.
	Current asset investments	The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on			Yes No N/A ✓ ae
		deposit and cash equivalents with a maturity date of less
		than one year held for investment purposes rather than to	than one year held for investment purposes rather than to	than one year held for investment purposes rather than to
		meet short term cash commitments as they fall due.
		They are valued at fair value except where they qualify as basic financial instruments.			Yes No N/A ✓ a
	Policies adopted additional to or different from those above	N/A po
Note 3: Analysis of income	Note 3: Analysis of income	Analysis of income Unrestricted		Restricted		Endowment		Total	Prior
			funds	income funds		funds		funds	year
		Analysis	£		£	£		£	£
	Donations and legacies:	Donations and gifts Gift Aid Legacies General grants provided by government/	120,985 7,525 -	147,777 - -		- - -	268,762 7,525 -		179,043 4,901 -
		other charities	-		-	-		-	-
		Membership subscriptions and sponsorships
		which are in substance donations	-		-	-		-	-
		Donated goods, facilities and services	-		-	-		-	-
		Other	-		-	-		-	-
		Total	128,510	147,777		-		276,287	183,944
	Charitable	Admin fees received	19,490		-	-		19,490	12,303
	activities:	Reimbursed costs	1,645		-	-		1,645	805
		Other	-		-	-		-	-
		Total	21,135		-	-		21,135	13,108
	Other trading		-		-	-		-	-
	activities:
			-		-	-		-	-
			-		-	-		-	-
		Total	-		-	-		-	-
	Income from investments:	Interest income Dividend income Rental and leasing	137 -		- -	- -		137 -	114 -
		Other	-		-	-		-	-
		Total	137		-	-		137	114
	Separate	Funding received	-		-	-		-	-
	material item
	of income:		-		-	-		-	-
			-		-	-		-	-
		Total	-		-	-		-	-
	Other:	Conversion of endowment funds into income	Conversion of endowment funds into income -		-	-		-	-
		Gain on disposal of a tangible fixed asset
		held for charity’s own use	-		-	-		-	-
		Gain on disposal of a programme related investment			-	-		-	-
		Royalties from the exploitation of intellectual property rights	Royalties from the exploitation of intellectual property rights		-	-		-	-
		Other - Sponsorship income	-		-	-		-	-
		Total	-		-	-		-	-
		TOTAL INCOME	149,782		147,777	-		297,559	197,167

|Other information:|All income in the prior year was unrestricted except
for: (please provide description and amounts)
Where any endowment fund is converted into income
in the reporting period, please give the reason for the
conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any
prior year amounts)|All income in the prior year was unrestricted except
for: (please provide description and amounts)
Where any endowment fund is converted into income
in the reporting period, please give the reason for the
conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any
prior year amounts)|All income in the prior year was unrestricted except
for: (please provide description and amounts)
Where any endowment fund is converted into income
in the reporting period, please give the reason for the
conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any
prior year amounts)|All income in the prior year was unrestricted except
for: (please provide description and amounts)
Where any endowment fund is converted into income
in the reporting period, please give the reason for the
conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any
prior year amounts)|GBP127,612.40 that was donated with a
specific purpose.
N/A
Donation income and funding received from
The Children’s Hospital Trust (in South Africa)
fo
[||GBP127,612.40 that was donated with a
specific purpose.
N/A
Donation income and funding received from
The Children’s Hospital Trust (in South Africa)
fo
[||GBP127,612.40 that was donated with a
specific purpose.
N/A
Donation income and funding received from
The Children’s Hospital Trust (in South Africa)
fo
[||GBP127,612.40 that was donated with a
specific purpose.
N/A
Donation income and funding received from
The Children’s Hospital Trust (in South Africa)
fo
[||GBP127,612.40 that was donated with a
specific purpose.
N/A
Donation income and funding received from
The Children’s Hospital Trust (in South Africa)
fo
[|| |---|---|---|---|---|---|---|---|---|---| |Analysis of expenditure
Note6
Note 6: Analysis of expenditure|||||||||| |||Unrestricted||||Restricted|Endowment|Total|Prior| ||||funds|||income funds|funds|funds|year| ||A n a l y s i s|||£||£|£|£|£| |Expenditure|Incurred seeking donations||27,021|||-|-|27,021|24,055| |on|Incurred seeking legacies|||-||-|-|-|-| ||Incurred seeking grants|||-||-|-|-|-| ||Operating membership schemes and social||||||||| ||lotteries|||-||-|-|-|-| ||Staging fundraising events|||-||-|-|-|-| ||Fundraising agents|||-||-|-|-|-| ||Operating charity shops|||-||-|-|-|-| ||Operating a trading company undertaking||||||||| ||non-charitable trading activity|||-||-|-|-|-| ||Advertising, marketing, direct mail and publicity|||-||-|-|-|-| ||Startup costs incurred in generating new source|Startup costs incurred in generating new source|||||||| ||of future income|||-||-|-|-|-| ||Database development costs|||-||-|-|-|-| ||Other trading activities|||-||-|-|-|-| ||Investment management costs: Portfolio||||||||| ||management costs|||-||-|-|-|-| ||Cost of obtaining investment advice|||-||-|-|-|-| ||Investment administration costs|||-||-|-|-|-| ||Intellectual property licencing costs|||-||-|-|-|-| ||Rent collection, property repairs and||||||||| ||maintenance charges|||-||-|-|-|-| ||Total expenditure on raising funds||27,021|||-|-|27,021|24,055| |Expenditure on
charitable activities|Donations paid to The Children’s
Hospital Trust (based in South Africa)
charitable activities||122,531|||149,651|-|272,182|251,082| |||||-||-|-|-|-| ||||||||||-| |||||-||-|-|-|| ||||||||||-| |||||-||-|-|-|| ||Total expenditure on
charitable activities||122,531|||149,651|-|272,182|251,082| |Separate||||-||-|-|-|-| |material item||||-||-|-|-|-| |of expense||||-||-|-|-|-| |||||-||-|-|-|-| ||Total|||-||-|-|-|-| |Other||||-||-|-|-|-| |||||-||-|-|-|-| |||||-||-|-|-|-| |||||-||-|-|-|-| ||Total other expenditure|||-||-|-|-|-| |TOTAL EXPENDITURE||149,552||||149,651|-|299,203|275,137|

Other information:

Analysis of expenditure on charitable activities

Activity or Activities undertaken directly	Grant funding	Grant funding	Grant funding	Support	Support	Total this	*Total prior year*
programme	of activities			Costs		year
£		£	£		£	£	£
Activity 1
Activity 2
Donation of funds raised to The Children’s Hospital Trust (in South Africa) Other			-		-	272,182	251,082
Total			-		-	272,182	251,082
Prior year expenditure on charitable activities can be Payments to The Children’s Hospital Trust in South Africa		Payments to The Children’s Hospital Trust in South Africa	Payments to The Children’s Hospital Trust in South Africa
analysed as follows:
Within the expenditure items above the following items are Payments to The Children’s Hospital Trust in South Africa GBP344 854 (2016: GBP199 404)		Payments to The Children’s Hospital Trust in South Africa GBP344 854 (2016: GBP199 404)	Payments to The Children’s Hospital Trust in South Africa GBP344 854 (2016: GBP199 404)		Payments to The Children’s Hospital Trust in South Africa GBP344 854 (2016: GBP199 404)	Payments to The Children’s Hospital Trust in South Africa GBP344 854 (2016: GBP199 404)
material: (please disclose the
nature, amount and any
prior year amounts)
Note 10: Details of certain items of expenditure
10.1 Fees for examination of the accounts
*Please provide details of the amount paid for any statutory external scrutiny*
*of accounts and other services provided by your independent examiner. If*		*of accounts and other services provided by your independent examiner. If*
*nothing was paid please enter ‘0’ in the appropriate box(es).*
						This year	Last year
						£	£
Independent examiner’s fees						300	300
Assurance services other than audit or independent examination						-	-
Tax advisory fees						-	-
Other fees (for example: financial advice, consultancy, accountancy services)	Other fees (for example: financial advice, consultancy, accountancy services)					-	-
paid to the independent examiner

Note 10: Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter ‘0’ in the appropriate box(es).

Note 11: Paid employees

11.1 Staff Costs

Salaries and wages		This year £ Last year £ 8,400 8,696 —+—	This year £ Last year £ 8,400 8,696 —+—
Social security costs		-	-
Pension costs (defined contribution scheme)		-	-
Other employee benefits		-	-
Total staff costs		8,400 8,696 a
Please provide details of expenditure on staff working for the charity	N/A

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party.

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter ‘true’ in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000	No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000	TRUE
Band	Number of employees	Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity

11.2 Average headcount in the year

This year Last year Number Number The parts of the charity in which the employees work Fundraising 2 2 Charitable activities - - Governance - - Other - - Total 2 2 11.3 Ex-gratia payments to employees and others (excluding trustees) Please explain the nature of the payment Please state the legal authority or reason for making the payment Please state the amount of the payment (or value of any waiver of ~~an~~ 0 a right to an asset) 11.4 Redundancy payments Total amount of payment 0 The nature of the payment (cash, asset etc.) The extent of redundancy funding at the balance sheet date Please state the accounting policy for any redundancy or termination ~~—~~ payments

Note 13 Grantmaking Note 13: Grantmaking

13.1 Analysis of grants paid (included in cost of charitable activities)

	Grants to	Grants to	Support
Analysis	institutions	individuals	costs	Total
The Children’s Hospital Trust (in SA)	272,182	-	-	272,182
Activity or project 2		-	-	-
Activity or project 3		-	-	-
Activity or project 4		-	-	-
Total	272,182	-	-	272,182

My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity’s web site.

My charity has made grants to particular institutions that are
My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the	Yes	www.childrenshospitaltrust.org.za
institution supported, purpose of the grant and total paid to each institution is available on the charity’s web site.	No	Provide details below Total amount of
Purpose Names of institution		grants paid £
The Children’s Hospital Trust (in South Africa) Registered NPO, advancing child healthcare through the Red Cross War		272,182
Memorial Children’s Hospital.
Total grants to institutions in		272,182
reporting period
Other unanalysed grants
*TOTAL GRANTS PAID*		272,182

Note 17: Investment assets

17.1 Fixed assets investments (please provide for each class of investment)

Cash & cash Listed	Cash & cash Listed	Cash & cash Listed	Investment	Social	Other	Total
equivalents investments			properties equivalents investments	investments
Carrying (fair) value at beginning of period	46,790	-	-	-	-	46,790
Add:additions to investments during period*	-	-	-	-	-	-
Less:disposals at carrying value	-	-	-	-	-	-
Less:impairments	-	-	-	-	-	-
Add:Reversal of impairments	-	-	-	-	-	-
Add/(deduct):transfer in/(out) in the period	-1,644	-	-	-	-	-1,644
Add/(deduct):net gain/(loss) on revaluation	-	-	-	-	-	-
Carrying (fair) value at end of year	45,146	-	-	-	-	45,146

*Please specify additions resulting from acquisitions through business combinations, if any. None

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm’s length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees’ or valuers’ best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments

Analysis of investments
	Fair value at year end	Cost less impairment
	£	£
Cash or cash equivalents	45,146	-
Listed investments		-
	-
Investment properties	-	-
Social investments	-	-
Other investments	-	-
Total	45,146	-
Grand total (Fair value at year end+Cost less impairment)		45,146

17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the n/a
fair value of investment property held by the charity
(ii) Name or independent valuer, if applicable, and relevant qualifications n/a (iii) Provide details of any restrictions on the ability to realise investment n/a property or on the remittance of income or disposal proceeds
(iv) Explain any contractual obligations for the purchase, construction or n/a development of investment property or for repairs, maintenance or — enhancements

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments	This year £	Last year £
Cash or cash equivalents	45,146	46,790
Listed investments	-	-
Investment properties	-	-
Social investments	-	-
Other investments	-	-
Total	45,146	46,790

17.5 Guarantees

Please provide details and amount of any guarantee made to or on behalf of a third party

N/A

Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity’s aims

17.6 Concessionary loans

Amount of concessionary loans made ( Multiple loans made may be disclosed in aggregate, provided that such aggregation does not obscure significant information ).

Amount of concessionary loans received ( Multiple loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information ).

Terms and conditions eg interest rate, security provided

Description This year £ Last year £ N/A Total Description This year £ Last year £ N/A Total == N/A

Value of any concessionary loans which have been committed but not taken up at the reporting date

Amounts payable within 1 year

Amounts payable after more than 1 year

Amounts receivable within 1 year

Amounts receivable after more than 1 year

17.7 Additional information

Please provide information about the significance of investments to the charity’s financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.

Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

N/A —

Note 19: Debtors and prepayments

19.1	Analysis of debtors
		This year	Last year
		£	£
Trade	debtors	-	-
Prepayments and accrued income		-	-
Other debtors	Other debtors	-	-
Total		-	-

19.2	Analysis of debtors recoverable in more than 1 year (included in debtors above)	Analysis of debtors recoverable in more than 1 year (included in debtors above)	Analysis of debtors recoverable in more than 1 year (included in debtors above)
		This year	Last year
		£	£
Trade	debtors	-	-
Prepayments and accrued income		-	-
Other debtors	Other debtors	-	-
Total		-	-

Note 20: Creditors and accruals

20.1 Analysis of creditors

Amounts falling due Amounts falling due after within one year more than one year This year Last year This year Last year £ £ £ £ - - - - Accruals for grants payable Bank loans and overdrafts - - - - Trade creditors - - - - - - - - Payments received on account for contracts or performance-related grants Accruals and deferred income 300 300 - - Taxation and social security - - - - Other creditors - - - - Total - - - - 20.2 Deferred income N/A ~~-~~ Movement in deferred income account This year £ This year £ - - Balance at the start of the reporting period - - Balance at the start of the reporting period - - Amounts released to income from previous periods - - Balance at the end of the reporting period ==

----- Start of picture text -----
This year £ This year £
- -
- -
- -
- -
==
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Note 24: Cash at bank and in hand Please complete this note if the charity has any debtors or prepayments.

This year Last year £ £ ~~—~~ - - Short term cash investments (less than 3 months maturity date) —_—, - - Short term deposits Cash at bank and on hand 45,146 46,790 ———— Other - - Total 45,146 46,790 ——

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES AND MEMBERS OF THE CHILDREN’S HOSPITAL TRUST SOUTH AFRICA

| report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 1 to 2.

Respective responsibilities of trustees and the examiner

The charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and
- to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the Accounts present a ‘true and fair view' and the report is limited to those matters set out in statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements:-
to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.
- have not been met; or
2) to which, in my opinion, attention should be drawn, in order to enable a_ proper understanding of the accounts to be reached.

Signed!

MRS R WALDEN FCCA BERRY ACCOUNTANTS LTD CHARTERED ACCOUNTANTS BOWDEN HOUSE 36 NORTHAMPTON ROAD MARKET HARBOROUGH LEICESTERSHIRE LE16 9HE

Dated: 4 Glen ber aoa.

REFERENCE AND ADMINISTRATION DETAILS

CHARITY NAME: The Children’s Hospital Trust, South Africa REGISTRATION NUMBER: 1121573 CONTACT NUMBER: +44(0)7717358296 ADDRESS: Driftway, Over Wallop, Hampshire, SO20 8JG

PATRON: Cynthia Cormack MBE

TRUSTEES: