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 cO￿panY limited b!. gllarantte)
Contents
Pa￿1¢
Rvfereice ￿nd 4dmin1$tr#tI￿e Det#il$ ol. the C￿MP￿￿1, 115 Tru¥lees xnd Adi'i¥ers
Trustees, Report
ITbd¢p¢nd¢nt A￿dItorS, 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 Tr￿￿te¢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 Rer￿ri1￿g 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<ince td chariliey tintl oilier
organisalions coniiniltcd 10 thos¥ ainis or indccd oihcr cxclusiic charilublc PilTPO%C% dclcrmincd bv tlic Iru8lcc%. This lull) TCtl¥ctq Ilic purposc loi.
whi¥h tl)e ¢hJrily w'is bei up lu prvmol¢. Thi¥ ib J¢liiev¢d by ni%iking T¢￿Y1,.1r dunJtionb l() a wide li¢dlih-i¥lai¢d ¢haritl¢b Il)r(ILi¥hciul En¥liind
ond Wales Irom incoiiie receii'ed troin its ini'estinenls.
b. Strategles for achlei,Ing obJectlves
The irubiees consider donation reqLies1s in line with the cli:Irity's objective5. All tru￿teeS receive coinprehensile proposdlb in reldtioii to reqLies15
rcLLiicd in iidi'uiicL ol. LuLh quartLrl>' rrustCL nicLling, Lnabliii8 IliLni io LoiisidLr thu mLrils ot Lach rLqULsI prior Io OSTrcei1i8 or dLLliiiing such ar tlic
releviinl trust¢e Im¢¥lin¥.
e. Aeti>itie% undertthkeD t• #ehieve objeetivé$
The inijestnient purllolio bienerdted grros5 inLiime of L121Jk {2112.f.. £'112kl dnd tliis dinL)Lint, tObFether with re&erveb brougrhi forwdrd: dll(>wed UKH
Foiindaiion to doniile L298k12(J•3.. £'2?Ikl to 6212n23.. 521 separate LhaTiiable Orga1)Ib￿lIioll￿ rai)ging froin I 1,000 io £10,OOD.
Example8 ol'Lli&rilies supported inLliided Dyslexia, cardi8L riqk and tJiiti%in Slip￿rt.
UKH FDundation lias cncoiiTagcd applic&lioiis tor donations tron) bodics Ihat Inccl Ihc rcquiirmcn15 ouilincd in th¢ Mcmoralldum and Articlcs of
UKH FJui)dlltion to Ynsiire 115 altrui%tiL obJ¢Lliv¢s a￿ fuifill¥d. buili llppliriitlolls ur¢ ¥onsider¥d 111 dethil ajid w'iih total iinpai'liality by th¥ tru%t¢es
witlh decibions made diiring 20•4 at quaLterly Irnbiee rneelinbjs and fully docunienled by ilie minuteb ol'each meeting.
Athiev¥ments xnd performanL
. Main achiei'ements ofthe Compan},
The irLLStecs I'cceivc upddt¢5 and letters of dchiei'¢inent dnd thiinkb froni the i'dfioils chdrilies and ¥Jroups thai donations hdl'e been made to and
OCLa8iofbally vi.%il soinL ol- IhL projccls
Paqc 2

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<ratcd and,lor capital tliictiiations.
As a re8iilt. the￿e finanLial slalernenis liaie heen prep&red on a goiiig collcern basi%.
b. Rcscrvc4 pollc}'
Thc IrustCLS arc comniiticd to cn*iiring Ihol UKH FLiundalioii lia8 a sound linancial ba￿. in order to tullil it8 objLCtivcs for piiblic bcnLlil. Most ol-
tl)¢ Lharity's liquid fund¥, l)¢ld i)utsid¢ it$ investment poyifolio. are sp¢nt in ihe 41)4)rt term in fulfil ling donation r¢que4t.4. 1¢ is the Charily'4 PL)licy IL)
11)axin)ise donatioNs whilst retainin&J sufticienr funds to cover its onbioill&7 Costs, albeit that the rimingj ot. lunding? receipts nieans that reserves niay
build up at the year end, Exces% reserves &1 the year end will he allocated 10 appropriate CaLises in the folloivii)g financial yeaT.
Thc charity's illVL%lnienLg al'c nianngcd on a discretio1￿ry basis by UBS. ThL tunds arL 11)VL8ted on a modLrale risk bJ.8i.q whilst alloi¥ingi a balancL
beiween bln)IVth in Iheir Lhpltal Yallie of Ilie Jy%e18 aiid in the geii¢raiitsn OF 8LiffiLieiil initsme 10 meet the Lharily's ruiiiiing) eo¥i¥ aiid proi'ing foi. the
donation r¢qu¢sts.
Principal risks and unr¢rtaiThli¥s
Tl)e principal I'isk to tlie Lhdrity Is the onyioinby rndiiduTernent of tli¢ extensive iiiveslment p(Trrtfoliu. This i¥ miilld¥?¢d un d (libLreliundry bilblb by UBS,
with a mDdcralL risk prolilc applied aeroqs a divcrsc aq%el ba.%L. Thc other Inain risk lae:d by ihc chariiy relaie.q lo the di8iribuiioii ol. d011a11011S.
Recipients are cheiked where possible by referenLe io the C-.harily c'omniission websiie to ¥nsure thai all bodies lo whom flind* are disiribuied are
di%creii(>n lo iiicrea.4e L)r deeiease the level L)f don3tii)n% based on Ilie iiicome geiierated an(L'or eapiiil flLielualii)ns i)f the inve8tineiil portfolits.
Thi Trusl¢¢s havc ass¢*.scd lh¢ Inajor riiks lo whi¢l) lh¢ charity is LXP0%￿d and arc saiisiicd ilial 8yslcinE arc in plo¢¢ 10 Iniiisalc ¢xpo8urc lo Il)¥
Innjor ri.5k%.
d. FinAn¢ial risk man#iemenl objective$ Mnd poli¢ie8
The ¢hai'iiy i4 eL)fttlnUi)u%lv Inartiti)rii)E fJ11Ineial risk IliiDugh nii)iithly review% (If ill inve*tmeiit pi)rtfoliD.
Donations madc arc considcrcd based on thc levcls ol'cash ihal arc available.
e. PrlnelpAI fundln£
Tbe principAI source of luiidintt is income receitred Irom the chai'ity's investment portlolio.
Paqc 3

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) <ir¢ ¢l¢¢t¢d and ¢0-41Pt¢d und¢r the t¢nMs af th¢ M¢ini)randiin) of
Association.
c. OY¥anisational strueiure and decision-makin¥ policies
Appro¥'dl of UKH Foundation as d rebrisiered cliurily receiked fruin the Charil), Commission un 16 Februdry 2U15.
Th¢ gui'ernin¥ ducument L)f UKH Founihitiun is Ilie M¢mL)Tdnduin aiid Arliileb Iipprov¢d upun inception.
d. Poli¢ies *dopt¢d for the indueti•n training tsf TrM$¢vts
The key skills Ihal ihe Iruslees belieNe appropriate lo Ihe coinposiiiorj of ihe board are financial, legal, sales and rnarkeling, ￿nd HR expei'ienLe. A
rccTllltffl¢nl pi'oc¢s5 ib in plur¢ for appoin11n￿ any N¢w IIwbl¢¢S.
All IrLislees are appointeci vn the vole of the existin¥ trLiblees follo'Ning a robiisl ii)ierview proLebs.
All Iru8lees liai.e a full iindersiai)ding of the C.'h9rily Comini.%siDn gUIda￿e ()n PLiblic l)enel il. eiisuring tliai all decisii)ns lakeii acknoivledge siich.
Trdiningp eveiitS dre attended w,heie possible by Irii&leeb on d l'olliii￿r bablb to pl.0￿ld¢ dll Lindeibldndin¥i on ivhdl Ihev need to know and w'hul tliey need
lo do, lo coimply with ¥uidaiiec issued by 111L Chnrity Coriiini8%ion in July ?n15 88 Ali "EsqLniial TJYstLC.
e. Pa J, yollcy for ke}, managtment persThnnel
The Trusiees are not rerniinerated. In addiiion tliere are no other paid eimployees ot'ihe con)pany.
r. FinAnclHI risk management
The frustees Iillve assessed the major risks to which tlie Coinpany is e.Kposed, in particular t1105e related to the operalions and finances of the
C'oinpany, and are satisf1ed that syslenis and pTr)ceduTe% ii re in pl?c ce to mitigate exposiiTe to tlie nii?jQl' Tisks.
PIAn$ for futur¢ pcrlod5
It remains the inicntioii DI. Ihc irusiccs to coniiniiL to makc charitable donatioiis out ol. invcslmeni rcrums %encratcd, al Ic&qi in thc Shon lo nicdium
terni, The trustees will review the lon¥ t¥mi futLire OF the charit> in due course.
Paqc 4

UKH Found#tion
(A compgn} Ilmlted bv %y4r¥ntee}
Stat￿￿ent 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¢m￿TitS iinl¥ts& th¢y lir¢ ¥alisfi¢d th<lt th¢y ¥ii¢ a tru¢ Jnd fdir Tr'i¥w (>f (hc blat¢ lif affairb of th¢ Compdny and of its in¢()ming rrsL)ilTLCb
and application of rcsourccs, including its incoiY)c &nd cxpcndiliir￿, lor Iliat pcriod. In prctMrin4F ihcsc fiiiancial stalcimcnts. Ihc Ti'uslLCS are rcouired
sclcct %uitablc accounting polici¢s ¥ind tlicn apply thcm consistcntly,.
observc the niethods and priiiciples of'lhe Charities SORP {FRS 1021-
mak¢ judcTments and uccounlinbr ¢stiiMal¢s that ar r¢asonabl¢ and prud¢nt',
slate whether applicable UK ALLountinu Stiin(Lirdb IFRS 1021 have been followed, siibjeLI Iu any mlteridl depanures disLloged dnd
expl&ined in Ihe financial slaienienls.,
pr¢par¢ th¢ tinancial sial¢ni¢nts tlic goingy COll¥CI'n basis unle55 It is InappTgPTiai¢ to pr¢511m¢ that ili¢ l.'ompany will ¢onlinii¢ in busincss.
Th¢ frus¢¢cs ar¢ rc5poiisibl¢ lor kc¢pin& &d¢qual¢ accoiinlinbv r¢cord5 tlilll 5Uttici¢ni t0 51iow' and ¢xplain th¢ Compaiiy's traiisaclion5 aiid
dibclI)se willi rea81)nahle accuraey ai any liine ihe financial rKTrbilion i)I' Ihe C()mpany and enal)le them lo engLLre Iliai the financial slalenienis LOI)IpIy
with tlie C'c)Inpdnies Alt 2006. Tliey are dlso rebpunsible foi. safegtUdrdin&i tlie assety ol. the Lompany and henLe lor tdkinuy redsolldble btepl for tlie
prcvcniion and dcicL'lion ot. I'raud and other iri'Lgularilics.
Dl$clTrsure of Infnrmotl¢in tn oudltnr8
Each ot'ihe perwns wlio are Triislee5 at the time when this Trusiees, repon is approiwed hos coiitirmed tliat:
so ftii. as Ilial Tyustee is awiii'e, tliere is iio iYl¢vant thudit iiif0111)•Iioii ¢pf w,liiLI) the Lliai-ily'$ Auditoi's aye iinawar¢, aiid
that Ti'usiee lias taken all the %lep.q Iliai c>ughi 10 have beei) taken DS R Trii%ie¢ in order 10 he nware of aiiv relevant audii inforniation and lo
establish that the charity's aliditors are aware ol'thAt inlL>rmation.
Audltors
The duditors, Hurst AccoLllildnlb Limited, hdve iiidicdted Iheii. i4ijlliii&tness lo continue in otyice. The desiblndted Ti'uslee& w'ill propose d Inotion
rcoppoiTh(in8 thi ouditors ut o mcc(ins ot-Ih¥ Ti'u%lLkng.
ApprovLd by c>i'dLr ol. Ihl InLmbirs al. thL bor*rd ol'TI'usleLS and signed Dn their bchall. by..
D LId￿lI
Tr(islee
Date.. 17 Septeinbei. 202)
Paqc 5

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 frame￿L)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 n￿le1-I￿L Ily mi4slated. If we idenlily SILcli In￿[el-la]
inLUllSlStenLies Dr 4lPPiLrent ￿lt￿rIal rni55tdte￿Clltts, 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<ibl¢ l¥gial rvquiremeiits.
lattery on ivhich we are required lo repDrt b>, exeeptifrn
In tl)e liglii of out. knO￿,ledUe dnd uiider¥lan(lin¥ uf the Lharitable Loinpany dnd its en¥'ironinent ubrained in ihe Lourse of (he audit, we Iiave nol
We hal'e notliin¥ to report in r¢specl of th¢ followin¥ InallCTb in rclution to which Compani¢s Act 2006 requiTes us lo I'cport lo you if. in our opiiiion:
adequdle ¢iLLuuntin¥ reLord5 lidl'e iioi be¥n kept, ()r retU￿S 4d¢Liuat¢ for our Iiudil have nvt been r¢L¢ived froin bi"dnLlies iiot viyiled by us. or
Ihe financial siai¢inenis Ire noi in 3greeimei)I w iih Ihe fi¢Ciiunling re¢()rd% 21)d relums; or
eerlain disel().siires of Tni8lee£' rernun¢rdtinn specified by law nre not niade: or
wc hi?vc nnt TCCL1￿Cd All Ihc inlormfilinn lind 2xplAn￿li￿n$ wc reqiiirc Inr niir Aiidil., nr
tl)e Triistees w'ei'e not enlitled lo prepare tlle Iiiiancial statem¢nts in accordance witli the small conipanies regiine and luke ndvantage ot. the
¥Tntill vuinpdlll¢> VX¥ll)Ptivns in pr¢purilli th¢ Trubl¢¢S' Rknpvrl 4nd fri?m ih¢ r¢quir¢m¢nt lu pr¢pdr¥ y Strill¥¥ii R¢port.
Rvspun$ibilitiey uf Irusltes
As explained nior¢ fiLlly in the twstees, resp()nsil)ililies stJtenieni. tl)¢ Ti'u%iee% (Ivhc) ar¢ also the dir¢ilors of the ihariiable Li)mpJny ft)r tl)e PUTpo$e%
of coinpany lawl are responsible lor the preparation ol the fInan￿La1 statements and for beinbi saiisfied that they ￿lI1..e a triie and lair view. and for
such inlemal coiilrol as the Ti'uAlee& delenniiie is necessary lo enable the pi'eparaiion of financial 8laieinen15 Ihat are free fi'01n ierial niisslalenieni.
wheiheT du¥ tv fr¥lU(I vi. error.
Iii [)iYparing ihe fin£in¥i#l siaiemen15. Ihe Truslees Jre respoiisible for a35¢5¥ing ihe ch<iril£it>le i¢>ltr)pany'3 aliilily lo ¢L)nlinLie as going ioncern.
disc105inbi. Jpplicdble. nidllers ielatcd to btoinuy concern dnd Libifibt the b70ini7 concern b4LSiS of acfjounting unless the Trustees eitlier itJtend to
liquidal- Ihc charitablc coinpany or 10 cca%L opcralions, or hic i'c iio fLalisiic ItLmalivc but 10 do go.
Paqc 7

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 assi1r￿ce 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<l¢rcd Indt¢riJl if, individiidlly or in ili¢ d&iirc&idle, th¢y could T¢asonably be ¢xpe¢led to infliicncc the ¢conoJnir dcciyions ol.
uscr8 taken on the ba%1% ol'tlie%c linancial slaicincnts.
Irrebpularities, includinb? fraud, are instances of non-compliance wilh laws and rebiulations. We desibpn procedures in line ivirh our responsibilities,
outlined al)ove. io dele¢l material niiqslalement% iii re.￿￿¢1 of I￿egula1.111es. including fraud. The exteiil to wliich aur pracediires air ¢apahle of
d¢t¢Lliiig irir¥iiluri¢i¢5. iii¢ludiN¥ fr¢iud is d¢tail¢d b¢l()w'.
Identifi'in&F and #ssessink putenti#l risks rvl*t*d tu irrekwul#rities
In ideniifyinbp and assessiiibl the risks of m&lerial misststeiment in respect of irregiularities, includinb Iraud and non-compli&nce witli laws and
I'¢gulaiion%. we LQll8idered Il)e foll0￿.1n¥.,
Tlie nature of the indwsti'y ai)d seelor in which the conipany i)peraies'. Ihe Ci)ntrol environiiieni and husine8% peTf(>Tmaiice in¥ludiiig ke> driver%
for directors, reinuneration. boiius l¢trels aiid pertorillance tarbpels.
Th¢ ViLl¢um¢ vf ¢114UITl¢j VI Ioidl ii)dnd¥¢rn¢T)t aii¢J paient LiinipJny miinageiiienl, invliidin¥ wh¢ih¢T ll)&n4i¥¢in¢i)t awJr¢ of any inbiaiii¢
ot.iioii.coinpliancc with laws ai)d rigulalioni, aiid wh¥¢hcr Tnanag¥rncnt hjd knowlLd¥c ol'aiii actual, *ii%pc¥ILd. oi. alligcd I'raud.
Suptwiliiib du¥uiiiriildlivii IrlaliTibJ IV Ili¥ C'.¢JiiiyJr)y's yvliLi¥s a()d PlULrdLllfS fvi.
Id¢nlifying, ¥valu4lin¥. loinplyln￿ with luwb r¢gululioDy
DeieLling and responding IÉ) Ilie rigks of fraud
Tlie internal LoniiM)1s e.slahlislied li) Ittiligaie ri.sk4 Ttlhied li) fraud L)r Iitsn-ec)mDIIArtLe w'ith law% and reÉulatii)n%,
Tlie oiilcome i)t' discus.%i()ns anioiigsl the eiigagement team regarding liow and wliere Iraud might occur iii the Iinancial %lalenieniq &nd ally
potential indicators of fraud.
The legkil dnd regulatiTrry framework in whiLh the Coinpai)y Operates, parliLiilarlv Iliose laws aiid rexiilatiiins whiLh liave a di￿LI effeLt on the
l inanLi(Il %lUliiii4111%. %iiLIi ()% Ili¥ Cuiripdniis ALI 200C), p¥nsitsn% &nil Ilgiilalivn, ur ￿111[1] IiaLI d limaaiii¥nidl ¥lliLI un iliL up¥rdlion% L)I' IliL
Conipi4 ny, inilu4Jing G¢n¢ral tJk)18 Prot¢ctitsn r¢(iiiir¢ni¢nts. and Anti-brib¢ry and C.orriiption.
Audit resportse ¢0 riski idenlifjed
Our pi'ocedures li? re.spond In Ihe ri.￿kS idenlified inLI(Ided Ihe following..
ReKiewinbJ the findnLidl sldtements diSLIo%Lireb dnd teslinbF to supwi'iing doLumentdlion ttl ilbsess LumplidnLe with the proijisions of those
r¢levani lllws and J'egulJiiot)s w,l)icli hafve a direcl vffeci on Ilie fiiian¥ial biaiejnertls.
DisLUS5ions with manageiment. ineliiding consideration of knowii or suspected insltsnces of non-compliaiice with law5 ttfhd I'egiilations Jnd
fraud.
Evaluation of tlie ()peraling ellectiTreness i)t-Inanagement's ￿}ntrol.￿ designed ITr prevent and detect irregulai'ili&s.
Enqiiiring ol'managcrncot about anv acttial and potLntial litigation and LIaiin￿.
Perfoi'iniiig ￿￿[y11cal procedures to identify uiiy unusual oi. Iinexpecled relationships wbich Inay iiidicate risks of material illisstftleineiit due tD
fraud.
Paqc S

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$e of our report
Thi8 repi)I'l is mad¢ 4Dlely ii) tlie Lharilal)le coinpai)y'* n7￿ber*. fis a bthdy, in aCLordai)ee iviih C'lIApier 3 of Part I C) of the C'oimpanies Ael 2M(). Oiir
'iii(lit w(Irk hd% heen iin(len'iken %() that we mibiht stdle lil tl)e LIILirit'ihle Li)mpaii}'% memher% tlii).ie m'itter% ￿'e die re4uire<l t() %ldle ti) them in an
auditors, rcpoi1 and tor no othcr purposL. fo Ihc lullcst cxt¥nl pcnniltcd by law, wc do nol acccpt or assurnc rcsponsibilily 10 aiiyon¥ oihci. dian th
Il)ariiable tyonipany anij it8 In¢mb¢i's. #4 u b()dy, for ()ur k)uiJil work. for tlii$ 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:
li1￿￿￿trn¢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¥st1nv￿tY
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
InV￿time1)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,￿94,2￿9
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 p￿1]¢1￿8
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<l to prepare a CAsh Ilow 51ateinenl.
LIKH Founddtion meets Ili¢ delinitiiin tsf a publiL ben¢fil entity ur)d¢r FRS 102. Asb¢tb dnd liabiliiieb 'ire initially reiv¥nised at
liistorical cost or trAns3clioii valuc Ljnlcss olhei'w'isc siaicd in thc rclciJ2nt accounting policy.
2.2 In¢ome
All iiiionie 1$ reLo¥nised unle th¢ ('vnipJiiy has entiileinent lo tlie inLuine, il is probdble Ilidl tl)¥ inLuine ￿,111 be r¥Leived diid the
aniount or. incomc recciiable eaii bL mcasuied reliHbly.
Investmeni 1￿c￿me
Investinenl inconie is reolised as the charity is notified of such returns, usiially dividends or inleresl.
GJlnsllo&ses on Investmernts
un￿￿]Is¢J ins and Iubb¢S inv¢b¢mrnls ar¢ idlculdtrd by r¢t¢r¢nL¢ lo th¢ rnvv¢rn¢nl in tiiif v jilu¢ ol. inv¢btin¢ntb durin￿ tli¢ p¢riod
￿l[L TLLvIJLd wiiliin gTtJinQlL>%SL% uii invL%liJiLnl.¥.
Realised blains and losse5 on investmeiits are calculated at the date of sale ol. an infvestment, and is calculated tt5 the moi.ciiieiit
l)elween die i.'aliie of the inve%tnienl al ihe heginning ()r the veal. lor the date of p(Ircliase if dliriiig the year) and ihe date i)f sale. The
r¢bLiliin¥ ¥iiin ur10sb ib reLorded wiil)in ¥dinsllusbe5 on inv.biineiiib.
Income tax I'ecoverdble iii relation to ini'ebliiient iiicome is retobinised dt the time tlie inirestment ineoine is receivable.
PagL 12

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￿[1￿1¥1￿ (L￿li1111￿e￿)
2.3 Expenditwre
Expciidilurc is recogniscd oncc th=re i% a Icgal or ￿on￿tructive 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 ba￿1￿ 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 offe￿d s(IbjeL'I 10 Londi¢ions ￿'h1￿h 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 'GaIn￿lL{)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￿[1￿1¥1￿ (L￿li1111￿e￿)
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.
Inveylm*nt inL'VIII
Unreltrlctcd
fund5
2(124
Tnial
fu￿d5
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
Acti￿ltieS
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 anni￿1 a¢e()unls
4,716
4.56
F¢¢s Pay¥ibl¥ lu th¢ Cumpdny's auditor in r¥Sp￿t 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, remuner*ilon and expenses
Durin&T lh¢ ycar, no Ti'us1¢¢5 r¢Cc1￿cd 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.redIt￿r$: Amounts f*lllnR due wlthln one I'egr
4024
2(123
Allr￿￿15 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#nLI￿I *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) Deɥniber 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 J47￿Mal.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
u￿re8t￿leted
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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