Registered nurnber: 0g7841$73 Ch#rity number: 1160507 UKH Foundation (A company limited by guarantee) Trustees, Report and Financial Statements For the year ended 31 December 2024
UKH FfjundaliTr (A cOpanY limited b!. gllarantte) Contents Pa1¢ Rvfereice nd 4dmin1$tr#tIe Det#il$ ol. the CMP1, 115 Tru¥lees xnd Adi'i¥ers Trustees, Report ITbd¢p¢nd¢nt AdItorS, R¢port on the Flnanclal St4tem¢Tbts Statement of Flnxnclal Actlvltles iu Bglance Sheet Notes Ille Fli*nLl#l Sl#lement 12- 18
UKH Foundatio (A l,mpanY Ilmlted bl guarantee R¢fer¢nc¢ and Admlnlstr*tlic DctHlls of the Comp8ni,, Its Trte¢S And Advlscr For the year ended 31 December 21i24 Trustees D Udllll S Bo(i%touller A Redfern J Hulin¢ Compmny registered number 09284873 ChArlty reglst¢red numher 1160507 Re¥is¢vred otliee 3 SIoLkport Ex¢hiin¥e Stockport Chesliire SKI 3GG Independent audltors Hurst Acrounlgnls LiiMil¢d ChafteTed Accounlanis Statutory Audilvrs 3 Stockport Exchaiisc SioLkport Lli¢shii'e SKI JCJCI Bankers Nllliollal Wcsiininsi¥r Bank PIC 24 D¢an¥¥llle Bolton BLI IBN Soll¢ltors Brabners LLP Horton Hous¢ ExcliJnuTe FlJ¥ib Liwcrpool L3.IYL I IBS WvAllh MAnxg&ment 1st Floor, 4 Hdrdiman Str¢¢t Manchcstcr M3 !HF Paqc I
UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
Trustees, Report
For the ve#r ended 11 DeLember 2U24
Th¢ Trust¢¢s pr¢¥¢llt th¥ir annual pOrt tog¢th¢r with tli¢ dudit¢d finan¢idl stat¥m¢nrs of the UKH FuuiidJtion fiTrT th¢ l Janu¢iry 2024 tu 31
Dcccmbcr 2024. Thc Annu&l Rcporl scr¥L% tIIL piirposes ol- both a Triistcc8' Icport &nd a direciors, report uiidLr company law. Tlic Trugiccq contimi
tliai Il)e AnnuJl Rewlrl and findncijl staiem¢ntS lif the Lhari1obl¢ company coimplv witli the curjent blatiiiory requirements. the re4Liiretnenlts ttf the
charitAble coinpanv's &ioKerninsi document and the pro¥isions of Ihe Statement ol. Recoinmer]ded Practice ISORPI applicable lo charities pieparinb,
theii. aceaun15 in accordance with the Financial Rerri1g Siand&rd appliLable in the UK and Repiihlic of lyeland {FR810?I (effective l January
.Since the CL)mNny QLi21ifies as sinall uMdeY 5ecliot) .1S2 of Ihe Companies ALhl 2006, Ihe slrgiegie Yepori reqLiirtrd of medium qnd large conip&nies
under th¢ C".oiiipdni¢s Act 2UU61Sirdte¥yic Report and Dir¢ctors' Rtportl Rebyulations 2U13 has b¢¢n oniitt¢d.
ObjL*ti%¢s #nd J¢tii'ili¢$
Polieies and obje£tive5
The objectives ot. LIKH FoiinLIAiiDn Are tu proinute nienlxl dnil pliyyical health thrL)IlbTh ihe provision L)f findnc.jdl ci&sjsl
UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
Finanri41 r¢TrittY
. Going coTrceTII
Tl)e Lhdrity is depen(leiil on income ¥ener.xled fruin liste(l inijeblnienls and the release of Ldpildl froni those invebtinentts to fund its. dondiion¥. Tliis
forn) ot tiindiiig is dcpcndciil on markcl tluctU3tions caiiscd by many cxtcrnal risks.
Hoivever, the Trustees Iiave th¢ discretion to increase or d¢crcas¢ the level ot donatiorbs based on the income u7en
UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
Strudur¢i gov¢rnanL¢ and
Constitution
UKH Found.xtion is registered as d Lliaritable Luinpdlly liinited by gLlllI'antee dnd sei up by a Men)ordnduin L)f Ass(Kidlion.
b. Methods of appointment ur eleetion of Trustees
Tl)¢ In9n£igem¢nt of th¢ Company is the responsibility of th¢ Trustees whL)
UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
Statent of Trustee5' respon5ibililies
Tl)¢ TrLlStees {whi> aL'¢ dlso the dir¢Ltors of (he CoLnpan> for tl)e purpos¢s uf Lumpaiiy lawl arc re&poiisible fur pi'¢Fkli'ili&l the Tniste¢s' repurt dnd the
linancial sialcmcnls in aeeordancc 11th applieftblc law and Uniied Kingdom Accoiiniing Slftndards {Unilcd Kingdom GLllLrally Acccpicd
Ac¢o(Iniing Pra¢tiLe}.
C'oinpany laiv require% the Trusiee% tn prepare financial .slatenient8 IDr each Iinancial Under cDinpaiiy laM', Ilie Tni%tee.s n)u.st nnt appN)ve the
fir)ancial Stat¢mTitS iinl¥ts& th¢y lir¢ ¥alisfi¢d th
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} IndepeNdeNI Audit(brs' Report to tht Members of UKH F&undgtion Opinio W¢ hav¢ audil¢d th¢ fin¢Thn¢ial tstat¢ni¢nts ()f UKH Fciiinddtioi) {th¥ 'il)arit..Ibl¥ ¢urnpany') tur Ili¢ y¢ar ¢nd¢J I l D¢¢¢inb¥r 2024 wl)i¢h Lun)pris¢ th¢ siatcn)cnt ot. tinaiicial activities, the balance sheet, the siaietntnt ot cash tlows and the i'elatcd iiotes. includinTr a suninjary ot-significant accoLiniins poliLie%. The firiancial retK)rling frameL)rk Ihai has been applied in Iheir preparaiii)n 18 applical)le law and Uniied Kiiigdoin AL¢i)unling Standai'd%, including, Fir)dllcidl RcportinL Stdndard I1)2 'Thc Finan¢idl R¢poiTin& Sldndard upplicdbl¢ ill Ihc UK cind R¢publi¢ of Ireldnd, Iunitcd King'dom CJcnci'l£ Ily AcLCPtcd Accoiinting Praeticc i. In oiir opinion ihe tinancial stftiements.. gifve il true and fair vittw of Ihe sldte of the Lhariiable Lomp.1ny's atTdifs .15 dl 31 DeLeniber 1024 dnd of 115 iIILuining rebourLes Lind applioalion i)f re%ourc¢s. Incliiding Its iiici)Ine ai)d expendilLire for Ihe yeii r then elided., have prop¢rly prepared in accordan¢ Ii'iili Unilcd Kingpdoin Gen¢rally Acccplcd Accountin¥ Practicc,. and h4LV¢ br¢n pr¢pdr¢d in ii¢iordani¢ with th¢ qUi]E¢nIs ul'th¢ C'.¢itnp4illi¢b Alt 2006. Basls for oplnlo W¢ Condiictcd our oiidit in accordanc¢ with Int¢rnational Siandard5 on Auditir)g IUKI IISAS IUKII and applicabl¢ law. Our r¢5pon5ibiliti¢s iind¢r IhoÈe %iandardq are tuNher described in the Aiidiror%' I'esponqihilitie% lor Ili¢ 2iidii ol Ilie linaneial $12tem¢nlg qection ol our repori. We are independent of the Lhdrildble Loinpdny in dLLorddnLe with the eihiLal requireiiienls ihdl ,'Ire relevdlli to oui. dudit uf the financial blatemenls in the Ullitcd Kiiigdoni, iiicluding Ihc Financial Rcportiiig Council's Ethical Standard, aiid wc hfikc lultilli our oihcr cihical rc5pon5ibilitl=s ill accordanc with tl)eb¢ re4LLir¢ineiiis. l¥'e b¢11¢¢ Il)'It th¢ k)IiJil ¢vi4J¢ni¥ w¢ hav¥ obtain¢d is suffiii¢ni dnd appr()priui¢ 10 pi'ovide basib f4)r oui. opinioJi. Con¢lusion$ relitiNg lo going eonetrrt In oudiiiiig Ilie financial 4¢atemenTS, hove concluded ihol The Tru%te*' use (>f ilie going conceni hosis of accoiinTiII8 in the prepoi'nii(>n of ilie riniin¢ioI tst#t¢TTr¢lltS its 4ipprvpi.iitl¢. Based un lh¢ work w¢ h&v¢ pwforni¢d, Iv¢ hav¢ noi iJ¢niifi¢d any Inlli¢rial un¢erithiiiLi¢S r¢laling io ev¢nis or ¢oi)diiions il)ai, individually or colleclikely, nidy Cdst signiticanl doubt on the chdritdble Coliipdlly's dbility lo continue d ¥fOillI? concern tor a period ot'dl led5t twelve nionihb I'ron) when tlie 1111anLial gtatLmLnl4 IirL' fiutlioi'iqcd toi. i%%uc. Our r¢5pon5ibilili¢s and Ihc SponSIbl11t1¢s Ot th¢ Ti'u5t¢¢5 with r¢S¢t to goin&T conc¢i'n ar¢ d¢5crib¢d in lh¢ T¢l¢i'ant Kclions ol'thi5 rcporl, Other informalion I he uther Information iL)n)prises tlie Infornialion inLludai in the dnniidl report uiher thdn the findniial st&ileinenlb dnd our audilurs, report Iliereon. Thc Triistccs arc rcspon8iblc for thc othcr inlorniation containcd withiii th anniiLI ieport. Our opinion on IhL 111149ncial tcincnts doc8 iiol col'cr the other ii)formation <1nd, except to the extent otherwise explicitly btaied iii our report. w'e do not express anv for111 of Ibsurnnce COT)Llusion Iheretsn. Our re5pon5ibiliiy is to read thc oth¢r inlorinalioii and, in doinLF so. consider w'h¢ihci' th¢ otlicr iiifoi'ination is mat¢rially inconsistent with the linancial statements 1)i- i?ur knowyledge c)hiained iii tlie coiirse of the audit. oi. i)therwise ppears to be nle1-IL Ily mi4slated. If we idenlily SILcli In[el-la] inLUllSlStenLies Dr 4lPPiLrent ltrIal rni55tdteClltts, Wf requiied tu deleimine w.hether tli1& bTiV¢S 115¥ to d tlldt¢ridl mi5Staletntrnt in the ljiidllLl&il %tatcnicnts thcmsclvcs. 11-, ba.%cd on thc H'ork wc havc pcrtomicd. Ivc conrludc thal thcrc is a matCTial rMis8latbmcnt ot. this othcr informatio .¢ arc requir¢d to r¢port thai fact. We l)ave nothing l() reTk)rl in Il)i% reo&rd. Paqc 6
UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
Indepelldemt Auditors, Report to the Mernber5 of UKH F(bundAtiDn Icontinuedl
Opiiiiu(I ll1 ullier uixllers by Ilie CoiiipuuiÉ% ALI 2000
In vur opinioii. bastrd on Iht work LLt]dertdk¥n iii the L()Lll"5tr of the Aiidil..
rhe infomiatii)n giv¢t) in ihe Tnisiee8' Repi)rt for ihe financial y4ar fi)I' wl)i¢h ilie finaii¢ial %iatemenis are prepared i.q c()n4iqieni w'ith ih¢
fiiiancial statements.
the TrLlil¢ey' R¢pcirt tL'i¥ be¢1) prvp41rvd in dLcordan¢¢ with appliL
UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
Indepelldemt Auditors, Report to the Mernber5 of UKH F(bundAtiDn Icontinuedl
Auditors, re¥pvnsibilities t•r the dit of the fin4ncial $tstements
OIIT cibj¢ctiv¢s lir¢ t() cibLiiii r¥dSOn4ibl¢ ussurdliL¢ dbciiit i%th¢th¢r th¢ findniial stat¢m¢n¢s as a wh(Il¢ dr¢ fr¢¥ frL)m mat¢ridl n)isstat¢TtlwTit, wh¢ih¢r du¢
to traud or error, and to issue auditOLS' rcpoi'l tliftt incllldcs our opiiiion. Reasonable assi1rce ii a liigh lelcl ol a5sur&ncc, but 1% not a giiarantee
Ihal an aLidil ¢ondLicled in a¢¢i)rdance w'illi ISA5 IUKI will always deiecl a niaierial Ini8siaiemeni when il exisis. Mis%lalenienl% can ai'ise friwii fraud
or crror &ind iirc consi
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} Indepelldemt Auditors, Report to the Mernber5 of UKH F(bundAtiDn Icontinuedl Testingy the appropriateness of journal entries and other adjustments. C'lialleii¥in¥ assumptionb Illdde by mdlla¥emenl ID ilieir signifiLant £iLLuun(in¥ esiiindtes, .lln(L assesyin¥ whether tlie jud¥einenls made iii making aLCOUniing eslimale.4 are indieative ()fa poieni)Al bias.. And EvalLiaiinbi (lie business I'ation&le of any sibiiiilicant transactions that gre uiiusual oi. Oliiside the nornial course of bLisines8. We a150 commiiniciited relevani identified 1311,5 aiid regulations and potential fraLJd risks to all engageimenl t¢ain Jn¢mbers and refflained Alerl ¢0 any indiLalions of fraiid or non-con)pliance wilh laivs and r¢¥ulalions IhroughoLiI Ihe alidil. ThLrc arc iiihcrciil limit&lions ii) the audii pi'OCLdurcs dLIL'ribLd above. and thL lurthLr rL'lliovLd noii-COTnpliancL Wlth l&w.% aiid rcgulations arc troni Il)¢ ¥kenty dnLI ts'iinbdLtions TefleLied in tl)¢ fJnanLldl bldl¢Jn¢nls, Ilie less likely we would beLoine aw¢li'e uf tli¥iM. Albu, Ilie risk of not det¥Lting li Inat¢i'ial misstalciiient diic to fraiid 15 hiyicr than lh¢ risk of not dclc¢liiigi one r¢suliiny froni ¢trot, as fiaiid Inay involve deliberate knoiicealtneni by, for exainple, lorgery i)r inieiiiiL)nal Ini8repre%eiitaiii)n4, 1)r Ihn)iigh Lollusion. A lurthkl. dcscriplion of our rLSPOI)qibilitiL.q toi. the aiidii of IhL tiiiancial st2tcmcnls iq loe&lLd on tlic FiiiAnciAI RLporiiiig Council's web4iic ai.. )l)114ihiliiiis, This desLripiion foi'mb part of OLir audi101s' report. U$e of our report Thi8 repi)I'l is mad¢ 4Dlely ii) tlie Lharilal)le coinpai)y' n7ber. fis a bthdy, in aCLordai)ee iviih C'lIApier 3 of Part I C) of the C'oimpanies Ael 2M(). Oiir 'iii(lit w(Irk hd% heen iin(len'iken %() that we mibiht stdle lil tl)e LIILirit'ihle Li)mpaii}'% memher% tlii).ie m'itter% 'e die re4uire<l t() %ldle ti) them in an auditors, rcpoi1 and tor no othcr purposL. fo Ihc lullcst cxt¥nl pcnniltcd by law, wc do nol acccpt or assurnc rcsponsibilily 10 aiiyon¥ oihci. dian th Il)ariiable tyonipany anij it8 In¢mb¢i's. #4 u b()dy, for ()ur k)uiJil work. for tlii$ reptsri, or fvr t opinioiis w¥ hav¢ form¢d. Helen Be5ant-Rober¢g (Senior Statutory Auditor) foi, diid ()n b¢lialf of Hurst Accountsnt% LIMlted C'.hdrttrred ALLDIITltdnts Sthnitory Auditors 3 Sivlkpurl ExLliaiig¥ Stockport C'lieshire SKI .IGG 17 September 2Q25 Paqc 9
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} Statement (bf fiMllNcial Actiiities lincorporgting ineome and expenditure account) For the l'ear ended 31 December 2024 Unrestrieted funds 2024 Tvtal funds 2024 Tulijl 2n23 Note Inetsme frnm: li1trn¢nts 119.931 119.931 lil.549 Tul81 illLume EKpendilure on: Q.'hdrilable ¢iLIIvitie 11g,Y31 329,388 329,3¥8 2fll. 74 Total eip¢TrdSt¥re 329,388 329,388 250, 749 N¥1 ¥xp¥ndltur¥ befur¥ %4lnJ* lTrv¥st1nvtY Nel gair)s on iiiYe%lmenl (209,457} 199,9111 (209.4571 (119,2(lQ} 99.151 199,91 Net movemtnt In fundi {9,547) (9,5471 14(1.1)4)1 Re¢nndllatlnn of lunds: ToLil tunds bi'ought loi'ward Ncl rnovcimciil in tuiid$ 3,103.836 (9,547} 3,103,836 (9,5471 -1, 143.,8,8i (40.Q49) TotHI fund5 carried forward 3.OY4,2¥Y 3.094,211Y 5, 11l.f.8.fO The Siarement of Financial AcliN'ities incliides all gaiiis ftnd losses recognised iii the year. The noics 011 pages l? 10 18 lorn) parl ot these linaiicial siArcn)ent.%. PagL 10
UKH Found#tion (A compgn!, Ilmlted bv %u4r¥ntee} R¢gistcr¢d numher: OlJ284873 B&lance Sheet As t.11 December 2V24 2024 202.1 N(bte Current 11SSCt InVtime1)IS 2,978,277 2.91193(1 2Ql, 911 3,104.608 3.113,841 Cr¢dilurs', amvLITlts falling due witliin c)ne year {111319) (Ifl,IHIJ) Net current a55et5 3,94,29 Tolal net a55e15 3. i113.¥36 Ch4ri¢i fund8 RL%lricikd luiid 12 Unr¢slri¢i¢J fuiidb .1,094.289 Total fund 3.094,289 The Tr118tee8 iickiiuwledge ilieir I'esponbibilities foT Lomplyiiig %vil1) The requirenients of the ALI with re8peLI to aLcounliiig reLords und pi'epai'iition of rinuiiciJl btJi¢ni¢nts. The tintLneiol stDtenients have been pi'ewu'ed iii occordance with the pi'ovi3iOI)s applicable to eiilitie% subjeel to the small comp¥Lnies resiine. Th¢ financial statcni¢nls wcrc approvcd and authoriscd lor issu¢ by th¢ Tru51c¢s and 5ign¢d on thcir bch&ll'by'. D Ud%ll I'rusiee Dale.. l % Septeinber 2025 Thc notcs oli pogcs 1? to I S torn) parl ot Ihcsc linaiiciol s14gtcnicnL. PagL 11
UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
N(btes lo the FinAntlg1 StAtements
For the l'ear ended 31 December 2024
CJenerHI Informailon
UKH FDLindaiii)n 1$ a Lliarily limiied bv guaraniee in¢oryYbraled in ihe Uniled Kingdi)n). The regislered offiee for ihe Lhorily 18 3 SIL)Lkt)ort
Exchdnb7e. Stuckport. SKI .3GQT.
Thc prinLipal ¥l¢tivity of Ilie lhdrily for th¢ y¢4)r Lindvr T¢VI¢W Wdy the lib¢ of r¥lurns frciin its ini'¢stment poi1foliv to muke donationb l()
healthcare charities.
Aciuunting p1]¢18
2.1 Ba8ls of prepllratlon of Iln*n¢lal 8tAt¢ments
Tlie ftndtiLiJI stdlements liai'e been prepaied iii dLLordanL¢ with the Chiirities SORP IFRS 102) - AL£ouniin¥ and Reportiny by
Charities.. Stalein¢Dt of Recoinniended Practic¢ applicabl¢ lo chorili¢s piepurinb Ih¢ir uccounts in occordDnr¢ witli the Financial
Reporting Siand£ird applical)le iii ihe UK aiid RepiihljL OF Ireland (FR8 In21 leffeLtive l JanLiary 20191. Ihe Financial Repiirlin¥
Sidnd:Ird appliidble in the UK und RepLibliL of Irel.1nd IFRS 1021 and the Lompdnies Ait 2UL)6.
Ab. rlie cliariiy qualifies as small. it is not require
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} N(btes lo the FinAntlg1 StAtements For the l'ear ended 31 December 2024 -4LLuuiiliiik p[11¥1 (Lli1111e) 2.3 Expenditwre Expciidilurc is recogniscd oncc th=re i% a Icgal or ontructive obligation to translcr ccoiioinic bcnclil TO & third party, it is pi'obablc that 11 transfer of eLonoinic benefits will be r¢41iired in settlen)enl and I1)e <1niount of the obligation can be rnejsured reliably. Expenditur¢ is classili¢d by a¢livily. Th¢ costs ol'each activity ar¢ wtiadc up of th¢ total of direct costs and sharcd costs, includin ppi)rl L<)%1% ini'Lilvtrd in underldking edLh ULlivily. Direii aiirihuiiible L() kj 4inyl¢ dLliViiy Jlli)ial¢d dir¢LII J Iv iliiii JLIIVIIY. Slidred Lobts w'hi£li Lontribule (o miire Ilian one 4lCli>iiy and support LL)b15 whiLh £ire not alliibLilable ti) .1 bingle dL11.1IY Lire apportionLd b¥iw¢cn thosc a¥livilics Dn a ba1 comsist¢nt with thc USL ol. rcsourcc.E. Ccntral sial'l. cosls ar¥ allocat¥d on thi ba%1% of tin)¢ sp¢ni. and d¢pr¢¥iaiii)n Lharges allts¥ai¢d on th¢ tX)rtion of tl)¢ ass¢t's us¢. Expenditure on Lhdl'ltdble aLtivitiey is incurred (>n LiireLtIy ULidertdking the iLtivitie% whiLh turtl)er tlie Cc)n)puny'5 objeLlives. Iih well as any asso¢iHt¢d support C05t5, Grant% payable arc cliarged in thL year whcn thL oltir 18 madc cxccpt iii Ihoqe ea8L'S whci'L Ilic ottcr is condiiional. 8iich g)rants bcing reLo&yni%ed expenditure wlien Ilie Londilitsns atiaLhing are fLLlfilled. Gr#nl4 offed s(IbjeL'I 10 Londi¢ions 'h1h li&ve not been met ai the year end Are noted as a coinmitsneni. but not accrued as expenditure. All expenditure is iiiclusive ot. irrecoverable VAT. 2.4 1 nve$tmtmls Tli¥ ih#rily's inv¢itin¢Ht tK)rtfvliv i& u ¢vll¢i¢ivn vf bunLI ¢quily inv¢&lni¢nls th41 kir¢ r¢%idily ¢(>nv¢rtibl¢ intv liquid r¢&oLiri¢b, utbd 8re trequer)Ily bou)1 and sold in line w'ith investrnent policy. As o result, investnienis are treated as current ussei invesiimenls. Sucli iiive%iineiil4 are inilial ly Inea8ured ai Ir&nio¢lion iosl, and are re-n)easiired 10 fair Vi¢ lue tti Il)e I'eporlin¥ dllie. Ai eaLlI subsequent reportinbi ddle, fdir value is re-medSUI'ed for inves1ments tliJt dre reldiiied, Nrith iiievenienls I'ecord=d dy iinredli%ed bldins or10sses. WhLic invLsimLnis are %nld. thc dillirLI)cL bclivLcn IhL lair vhluc at thL prcviDii% I'¢poriiii¥ dale (or dalL lil- puicha.sL it- puirha.SLd iii tII¥ yV41r} is i¢¢L)i'd¥d ds a r¥ali¥vd ¥ain ur lubs. InvÈsliMeni gain4 aiid li)sqe%. wheiher reali8ed or (Inrealised, are Liiinhirted and prelenied aq 'GaInlL{)48esl on inve%imenis' in ihe Siat¢m¢nl ot Financial Aciii'ili¢s. 2.5 Cash At and In hAnd C.a%li I bank and in hand includes cash and 5hon-lerm highly liq(iid invesli)iei)1s with a %liori lurily of three monihs or less fTom ihe dJi¢ of dcquibitioii or OP¢DlllgT of th¢ d¢posit or siinildr Jccount. PagL 13
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} N(btes lo the FinAntlg1 StAtements For the l'ear ended 31 December 2024 -4LLuuiiliiik p[11¥1 (Lli1111e) 2.6 Liabilitie5 provi5jOIIS Liabilitie8 arc recognised Milicn Ihcrc is an obligation ai thc balanec shcci daic as a result ot'a past cvcnL il is probable Ih&Lt & transtcr c)f eLonomiL ben¥fit 11[ be iequired in settlement, and the Jniount of the setilemenl can be estimated reliably. Li<ibili11¥s lT¢ f¥Lugnistrd at thv <lTtiount that tl)e CompGilly dnliLIPdtcs it will p'ly to settlc Ilic debt ur tl)e dmiiunt it hds reL¢1.d as ad&8nced payinenls tor the goods or serviLes it mL151 prol ide. Provisi0111 arc mLa8urcd li the bc41 cgtimaie ot. thL finiounts I'cqui¢ed lo suile the obligation. Whcrc ihe cfrlcci of Ilic iimc valuc ol. money ig Inaterial, the proiiision i& based on ihe preseni Nalue of IhL)ge aniounts, discouiiled al ihe pre.tax diSLOLint I'ale Ihat retleLts ilie risks specilic to the liability. The unwindinui of the discount is reco&Fnised in the statenieni of Iinancial activities as a Iinance cost. 2.7 Fln4n¢lal Instrvn)enl$ Tlie C.oinp,Iny only has finan¢i4111lSb¢ts ar)J linancijl liabilili¢s of a kind thai qLl6ilifv as b,qsii finarLial instruin¢nls. Elasi¢ finaniial instrunieiits are initially Tecobinised ai transaction value and subsequently measuTed at their seltleii)eiii value with The excepiion of l)ank li)ans hiLh are %uh4eq(ienrly Ineasured ai ami)rli%ed LDqt wsin¥ the effeLiive inrere.qt n)erhod. Ceiieral lunds are unreslricted tunds wtlicli are available for use at ilie discretion of tlie Ti'iistees in liiriherance ol the bFeneral i)lije.('live.s nf ilie CnnipAnJ' Aiid uJl)jc..l) li%v nni l)ee.n Ae.qlBnni.A fnr niher p1irpi)%. Invesln)eni incoine, gaii)s and losses aTe alloLai¥d t17 the appi'opriaie fuiid. Inveylmnt inL'VIII Unreltrlctcd fund5 2(124 Tnial fud5 2V24 Toici Incvm¥ fi'vTn li¥tvd ini'¢ytrn¢iilb 119,9.31 111,549 Ti)1&121123 111.f49 111.549 PagL 14
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} N(btes lo the FinAntlg1 StAtements For the l'ear ended 31 December 2024 AnAI}sls of expendlture Dn ch&rltAble Actli,Itle Summary b). fund t}'pe Unre5trlcttd funds 2024 Totgl 2024 Tiji Gotreri)Inie LO8I 31,38 31.388 3Q,249 Cyraiit% and C'lIArilable dDnaiion.% 298,(l(N) 298.OQ 22Q.500 Total 2024 3?9,-188 329,IR8 2.51). 741J Toiu12()2.1 2511, 749 251), 74Y Anal}sls of %ranl Tot#1 fund$ 2fi24 TolG Instlrytlon$ 2(b24 2n," Grniits ttiid Cliarilablc don8tions 2Y¥.UUO 2y14,VVI) Toiiil 2112.7 22n.5()lJ 2211,5110 Anal)sl% Df expendlture h). actliltle8 ActiltieS underl4ken dlrectlTr 2024 Grant fundlng f af livltle$ Total fund5 2024 TOIL 2024 Govei'il<lnce costs 3Q,249 Charily donaliL)ns 298,(100 298.QQn 2Q,iQO tal 2V24 31.388 ?98,0(Kl 329.388 -Fl3. 749 Toiiil ?1)23 J(J.249 22(),5111J 251J. 749 PagL 15
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} N(btes lo the FinAntlg1 StAtements For the l'ear ended 31 December 2024 Audltors, remMTherAllon ?024 21123 Fee4 payable lo Ihe Ci)mpAny'.% audili)r for Ihe audil i)l-Ilie Ci)Inp2Jiy's anni1 a¢e()unls 4,716 4.56 F¢¢s Pay¥ibl¥ lu th¢ Cumpdny's auditor in r¥Spt of.. Prcparaliaii ot. %lalulory' ¢lccoiinis C.'orporation tdx LoniplianLe serviLes All non-aiidit scn'iecs not incl(Idcd above 1,248 1.2n 240 64¥ 31) Trusteos, remunerilon and expenses Durin&T lh¢ ycar, no Ti'us1¢¢5 r¢Cc1cd ar)y r¢mun¢ralion or olh¢r b¢n¢li15 (21)2.1- £'NILI. Diiriiig the year ended 31 DeLeniber 2n24. nl) Tru%iee exp¢n.qes have l)eeii ineui'red (2U23 - £NIL). Current sset Inve8tment5 2024 ?n21 Liyt¥d investments 2,978,277 2,Yll,93 Listed investments relute ru an invebtment portfulio L¢)mpribin¥ i)f bonLI and e(ILllty inNeslmenlb. Th¢b¢ are reddily Lunvertible ink) liquid tunds. hcncL thLSC arc classiticd as current asset invcstincnls. During thc ycar, total gains on invcslnicnls wcrc £199,91012n23,. £99, 1.511. c.redItr$: Amounts f*lllnR due wlthln one I'egr 4024 2(123 Allr15 and deferred inL()Ine IOJ19 10.Q05 PagL 16
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} N(btes lo the FinAntlg1 StAtements For the l'ear ended 31 December 2024 FlnAnclql lThstrunients 2024 2023 Fin#nLII sse¢s Finaneial a4setg measured at fair i'aliie thmligh incame and expendiilire 2,978,277 2, JI ]]. g3{) Financial a55¢15 m¢asui'¢d at fairi'alii¢ throiibh iiicoffl¢ aiid ¢xp¢nditiI cotnpri5¢ an inv¢sttn¢nt porttolio. 12. Statement of funds Staltmenl of funds- iurrent yeAr Balance 4t I Jaiiuarv 2Q24 Galn Balan£e &t 31 (Losses) DeÉ¥niber 2024 IIiL4)me Expenditure Unrestrlcted lunds Geiieral Fiinds Iiy,y.11 (32Y.1881 iyy,¥io .1.1194,28Y Staltmenl of funds- prior >ear BÉilt3rt£'v ui -11 Dprpffllwi. 21123 Cial.Y/ {Lc)J.sc'.s) l J47Mal.1, 21J2J txp4'odifurc Unreslrlcted funds Cieneral Fuiid 3, 143,885 ljl,54 (?5(1, 749} 99,J51 3, 1fl3.IY3C) PagL 17
UKH Found#tion (A compgn} Ilmlted bv %y4r¥ntee} N(btes lo the FinAntlg1 StAtements For the l'ear ended 31 December 2024 AnAlvsls of net Assets between fund5 Anal Jsis Ot. net assets between funds . current period ure8tleted fund 2024 TO runc 202 C(Irreni #ss¢is 1,1114:(iQ8 110,3191 .1,104,608 110,319) Credilor* due ,)lh)n one year Total 3.094.289 3,094,289 Anal J'sls of net 4i$ot$ betwoon - prlor porlod Unr&sirieied 2112.1 2111 C.LITreni #%sei$ 3,113.441 3.1 13,841 Ci'edil(>rq diie within one year (10,On5) (io.n05) Total 3.1{J3,8 10 J. IlJ.l.830 Page 18
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