Charity Registration No. 1161883
Company Registration No. 09548951 (England and Wales)
UCH LONDON NURSES' CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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Legal & Administrative Information
Trustees
Professor H. Allan (Chair) Dr Anne Arber Mrs. Janet Doyle Blunden Mrs. Pat Edmund Dr W Knibb Dr Alison Finch Mrs. Lesley Anne Knowles Ms. Janet Williams Ms Sian Lavers Charity Number 1161883 Company Number 09548951 Principal Address UCH London Nurses' Charity University College London Hospitals NHS Foundation Trust Trust Headquarters 2[nd] Floor Central 250 Euston Road London NW1 2PG Independent Examiner Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117A St. John’s Hill Sevenoaks TN13 3PE
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Contents
| Page | |
|---|---|
| Trustees’ report | 4 - 8 |
| Independent examiner’s report | 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Notes to the financial statements | 12 - 16 |
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UCH LONDON NURSES' CHARITY
TRUSTEES’ REPORT FOR THE YEAR ENDED ON
31 DECEMBER 2025
The Trustees, who are also directors of the Company for the purpose of the Companies Act, present their annual report and financial statements for the year ended 31 December 2025. This is also a Directors’ Report as required by Companies Act 2006.The Financial Statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charitable Company's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”.
Objectives and Activities
The objects of the Charity are for the public benefit: (a) to advance the health of patients being cared for in hospital and in the community in such ways as the Trustees think fit including by: (i) advancing the education of associate members by providing grants and bursaries to enable associate members to attend training courses, workshops, conferences and seminars relating to their areas of practice; (ii) advancing the education of associate members by providing grants and bursaries to enable associate members to undertake research and publish and disseminate the results of any such research; (iii) advancing education by providing grants to Florence Nightingale scholars at the Florence Nightingale Foundation (RCN: 229229) to undertake research and publish and disseminate the results of any such research; and (iv) providing a network to assist associate members to communicate with each other in order to share: best practice; latest developments in patient care; feedback from attending training courses, workshops, conferences and seminars paid for by the charity; and results of research undertaken. (b)the relief of poverty and financial hardship among associate members of the Charity by providing grants, items and services to those in need.
Achievements and Performance
We have recruited one new Trustee in 2025, Sian Lavers; and Dr Finch has rejoined as trustee; we now have 9 trustees. Two Trustees’ terms of office end in 2026 (Professor H Allan, Dr W Knibb). New advertisements for trustees and volunteers are posted on Facebook and onto the Charity’s website.
The Charity comprises three funds: i) General Fund and PayPal account, ii) Educational Fund and iii) Benevolent Fund, the latter two being restricted funds. In 2025 the General Fund served to pay the administrative costs of the Charity that support the charitable activities, such as the production and distribution of the annual magazine to all associate members, upkeep and development of the website, and travel expenses for volunteers engaged in administrative activity. The Charity also raises funds and collects membership subscriptions and donations, which together with the returns from investments, make up the income of the Charity. It distributes funds to a small number of nurses in financial need or who require support for their education and professional development. In 2025, £8,429 was awarded from the Education Fund, and the Benevolent Fund provided assistance amounting to £2,300 to Associate Members.
The Charity’s membership has seen a slight decrease in associate members, from some 1008 at the start of the year to about 983 by the year end. We recruit new members through University College London Hospital Trust (UCLH) directly as well as via Facebook and post, and enquiries via the website regarding the education and benevolent funds from new associate members
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UCH LONDON NURSES' CHARITY
TRUSTEES’ REPORT FOR THE YEAR ENDED ON
31 DECEMBER 2025
and non-members continue. The Charity advertises information about our funds in UCLH’s own media. We held two membership events in Spring 2025 and Autumn 2025. Attendance at both was down on previous years.
Older associate members are kept in contact with the Charity by telephone, birthday and Christmas cards. A gift voucher is included with a birthday card on significant birthdays from the age of 80 years onwards. The Benevolent Fund Committee undertakes this contact work.
The Charity continues to work closely with senior nurse leaders at UCLH to develop relationships to ensure that the work of the Charity is known to a wider audience of potential members.
Following the strategic review commissioned by Trustees in 2023, and led by Trustee Janet Doyle-Blunden, a formal proposal to the Board Meeting in January 2025 was made and approved to work towards closure over the next few years. The summative findings and notice of the Trustees’ decision were presented to the ACM in April 2025 and included in the 2025 Magazine to all associate members in December 2025.
Preparation of plans for the transfer of our funds to suitable charitable organisations with compatible objects were started in 2025 with the assistance of our legal advisors Keystone Law. A partnership agreement has been drawn up to enter into a year-long pilot partnership with the Cavell Nurses’ Trust that would administer the UCH LNC’s restricted Benevolent Fund starting March 2026. Initial talks with two charities about the possible transfer of the restricted Education fund have taken place. Any transfer would take place in 2027. Plans for disposal/transfer of the General fund are also in place.
Further matters related to the closure are also under consideration including ‘frequently asked questions’ for associate members to be posted on the Charity website on a members’ only page; a plan of disposal of material artefacts included in the UCH LNC’s Archive with the UCLH NHS Trust; a planned closure of the website; a final celebration event for associate members to be held in 2027 and a final, celebration publication in 2027.
Statement on Public Benefit
In shaping our objectives for the year and planning our activities, the Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with section 4 of the Charities Act 2011.
Financial review
The financial results shown in succeeding pages show that the General Fund had net income of £36,288 (2024: £4,132) before transfers, but including an unrealised gain on investments of £19,570 (2024: gain of £8,167).
The Restricted Funds had a surplus of £31,360 (2024: surplus of £21,514) before transfers, which includes unrealised gains on investments as noted below.
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UCH LONDON NURSES' CHARITY
TRUSTEES’ REPORT FOR THE YEAR ENDED ON
31 DECEMBER 2025
The Education Investment Fund had a value of £46,324 (2024: £44,346) and an unrealised gain on investments of £1,978 (2024: gain of £1,197). In addition, surplus Education Fund cash of £8,187 was added to the investment fund bringing the total invested to £54,511.
The Benevolent Investment Fund had a value of £228,776 (2024: £200,848) and an unrealised gain on investments of £27,928 (2024: gain of £3,641).
At 31 December 2025 the Charity's total investments had a market value of £493,891 (2024: £436,228).
The total charity fund at the year's end was £571,338, of which £330,642 was restricted and £240,696 was unrestricted.
Further details of the investments together with market valuation at 31 December 2025 are shown in note 4.
The Trustees considered that the funds held at the year-end were sufficient to support the work of UCH London Nurses' Charity in 2026 because planned expenditure is well within the charitable company's level of resources. The Trustees aim to ensure that the Charity has the resources to continue with the current operating model in respect of regular activities and oneoff requests for help or assistance.
At the balance sheet date the Trustees consider that the Charity's reserves:
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include sufficient liquid resources to meet expected needs for at least the next twelve months
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are sufficient and appropriately invested to ensure that the Charity is sustainable for the next fifteen years
The Trustees consider that funds of £42,000 will be enough to meet expected needs for the twelve months from the date of report, and that the charity has adequate reserves to meet that need.
Funds are invested cautiously so as to protect their value but also with the aim of maximising income to be applied in the furtherance of the Charity's objectives. The investments held by the Charity are in interest-earning term cash deposits and investment funds operated by established and reputable investment managers. Investments are not made in private companies.
Plans for the future
As noted above, a decision in 2025 was made to close the Charity which follows from the 2023 strategic review. The Charity will continue to be run to meet its Objects until all steps of the plan have been designed and implemented. The charity’s funds will be transferred to other charitable
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UCH LONDON NURSES' CHARITY
TRUSTEES’ REPORT FOR THE YEAR ENDED ON
31 DECEMBER 2025
organisations that are able to continue the core activities for the benefit of our beneficiaries.
The following activities will continue in 2026, managed by the Trustees and volunteers: the production of the annual magazine, the spring and autumn meetings in 2026 and the maintenance of the website.
Structure, governance and management
The Charitable Company is a company limited by guarantee.
The Trustees, who are also the Directors for the purpose of company law, and who served during the year and to the date of this report were:
Professor H. Allan (Chair) appointed 1 January 2019 Dr Anne Arber appointed 31 July 2022 Mrs Janet Doyle Blunden appointed 15 March 2023 Mrs Pat Edmund appointed 20 December 2019 Dr Alison Finch appointed 5 April 2025 Dr W Knibb (Deputy Treasurer) appointed 24 April 2019 Mrs Lesley Anne Knowles appointed 14 August 2024 Ms Janet Williams appointed 31 October 2020 Ms Sian Lavers appointed 4 December 2025
In accordance with the Articles, associate members may nominate other associate members to fill a vacancy amongst the Trustees. The Trustees will then consider which of the nominees to appoint to the vacancy on the basis of published criteria communicated to the associate members and in accordance with Charity Commission guidance on the appointment of charity trustees. Such criteria will ensure that the Trustees are appropriately balanced and possess the necessary skill sets required by the UCH London Nurses' Charity. Any person selected in this manner must sign a declaration of willingness to serve as a Trustee before being permitted to take part in any voting at any meeting of the Trustees. New Trustees are given appropriate training to allow them to carry out their responsibilities in fulfilment of the objects of the Charity as set out in the Articles.
Trustee meetings continue to be held remotely every quarter. Post is sent to 250 Euston Road and forwarded by the Charity’s liaison role with UCLH trust to the Secretary to deal with. We have an administrative assistant who works with the Secretary and the Benevolent Fund committee to update associate members’ details, deaths recorded and new members. Volunteers are not required to travel into the office premises but can do so if they require a face-to-face meeting at 250 Euston Road. As above, sales are now online during the year and at the two face-to-face events. We continue to employ a website administrator to update the website. Trustees and volunteers are not remunerated for their work. Trustees and volunteers are entitled to reimbursement of travelling expenses incurred when undertaking Charity business.
The Trustees make the decisions for the Charitable Company in line with the Articles of Association.
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UCH LONDON NURSES' CHARITY
TRUSTEES’ REPORT FOR THE YEAR ENDED ON
31 DECEMBER 2025
Risk Assessment
The charity has conducted a risk assessment and has established a register, which is updated annually. The register shows that appropriate systems, procedures and policies are in place to mitigate the risks the charity faces, such as funding, internal controls, implementation procedures for transactions and projects, and safeguarding for associate members, volunteers and clients.
Statement of Trustees’ Responsibilities
The Trustees, who are also the Directors of UCH London Nurses' Charity for the purpose of company law, are responsible for preparing the Trustees’ Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charitable Company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these Financial Statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in operation.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees’ Report prepared by the Chair and deputy Treasurers was approved by the Trustees.
Professor H Allan (Chair)
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Independent Examiner’s report
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2025 which are set out on pages 10 to 16.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Certified Chartered Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Shruti Soni FCCA ACIE Shruti Soni Ltd 117a St Johns Hill Sevenoaks TN13 3PL
Date 23 July 2026
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UCH London Nurses' Charity
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 31 December 2025
| Income from: Reconciliation of funds: Donations Subscriptions Legacies Net income / (expenditure) for the year Total expenditure Net income / (expenditure) Expenditure on: Total funds brought forward Net gains / (losses) on investments Total funds carried forward Transfers between funds Net movement in funds Travel expense Postage & Stationery Annual charity meeting expenses Sale of Goods expenses Legal fees Venue Hire costs Independent examiner fees Lunch expenses Website costs Information Technology expenses Direct Charitable cost Perceptees Annual charity meeting Autumn Lunch Raffle tickets and miscelleneous Magazine Investments - Dividend income Total income Sale of Goods Awayday Education expenses General Administration cost |
Unrestricted Funds £ 1,450 34,467 4,935 1,900 1,732 183 1,243 - 45,910 3,468 2,191 4,068 3,250 124 7,294 698 1,800 2,200 - - 690 1,114 - 2,295 - 29,192 19,570 36,288 - 36,288 204,408 240,696 16,718 |
Restricted Funds £ 5,025 - - - - 190 - 10,236 15,451 - - 859 - - - - - - - - - - 10,363 475 2,300 13,997 29,906 31,360 - 31,360 299,282 330,642 1,454 |
2025 Total Funds £ 6,475 34,467 4,935 1,900 1,732 373 1,243 10,236 61,361 3,468 2,191 4,927 3,250 124 7,294 698 1,800 2,200 - - 690 1,114 10,363 2,770 2,300 43,189 49,476 67,648 - 67,648 503,690 571,338 18,172 |
Unrestricted Funds £ 300 - 4,860 2,791 1,036 304 - - 9,291 757 621 465 4,200 - - - 200 2,286 2,536 735 - - - 1,526 - 13,326 8,167 4,132 - 4,132 200,276 204,408 (4,035) |
Restricted Funds £ 1,215 10,000 - - - 676 94 9,893 21,878 - 52 618 - - - - - - - - - - 1,810 713 2,009 5,202 4,838 21,514 - 21,514 277,768 299,282 16,676 |
2024 Total Funds £ 1,515 10,000 4,860 2,791 1,036 980 94 9,893 31,169 757 673 1,083 4,200 - - - 200 2,286 2,536 735 - - 1,810 2,239 2,009 18,528 13,005 25,646 - 25,646 478,044 503,690 12,641 |
|---|---|---|---|---|---|---|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 8 to the financial statements.
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UCH London Nurses' Charity Balance sheet
Company no. 1161883
As at 31 December 2025
----- Start of picture text -----
2025 2024
Note £ £ £ £
Fixed assets:
Investments 4 493,891 436,228
493,891 436,228
Current assets:
Stock 5 3,844 3,726
Cash at bank and in hand 74,503 63,736
78,347 67,462
Liabilities:
Creditors: amounts falling due within one year 6 900 -
Net current assets 77,447 67,462
Total net assets 571,338 503,690
The funds of the charity: 8
Restricted income funds 330,642 299,282
Unrestricted income funds:
- -
Designated funds
General funds 240,696 204,408
Total unrestricted funds 240,696 204,408
Total charity funds 571,338 503,690
----- End of picture text -----
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Trustees' Responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements, which have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard applicable in th ~~e~~ UK and Republic of Ireland (FRS 102) (effective 1 January 2019), were approved by the Board on .......................................... and signed on its behalf by:
Name: Trustee
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UCH London Nurses' Charity Notes to the financial statements
For the year ended 31 December 2025
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1 Accounting policies
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a) Basis of preparation
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The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
- b) Public benefit entity
The charitable company meets the definition of a public benefit entity under FRS 102.
- c) Going concern
As described in the Trustees' Report, following a strategic review, the Trustees resolved to implement a phased closure of the charity. The restricted Benevolent and Education Funds are to be transferred to the Cavell Nurses' Trust, with a partnership agreement already in place. Arrangements for the transfer or distribution of the General Fund have also been established.
The Trustees have considered the impact of these plans and are satisfied that the charity has adequate resources to continue its operations for at least twelve months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on the going concern basis. The charity's closure is expected to be completed by the end of 2027.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
- d) Income
Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:
• The donor specifies that the grant or donation must only be used in future accounting periods; or
• The donor has imposed conditions which must be met before the charity has unconditional entitlement
Investment income is recognised on a receivable basis.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods or services are provided). Grant income included in this category provides funding to support advice/ performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability
Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.
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e) Donations of gifts, services and facilities On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
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f) Interest receivable
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Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
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g) Fund accounting
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Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, including staff cost, which meets these criteria is charged to the fund.
Unrestricted funds are donations and other incoming resources received or generated for the charitable Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
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UCH London Nurses' Charity Notes to the financial statements
For the year ended 31 December 2025
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1 Accounting policies (continued)
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h) Expenditure and irrecoverable VAT
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Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
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Expenditure on charitable activities includes the costs of projects undertaken to further the purposes of the charity and their associated support costs
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Other expenditure represents those items not falling into any other heading
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i) Operating leases
Rental charges are charged on a straight line basis over the term of the lease.
j) Tangible fixed assets
- Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.
Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
- Fixtures, fittings and equipments
over 4 years
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k) Investment properties
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Investment properties are measured initially at cost and subsequently included in the balance sheet at fair Listed investments
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Investments are a form of basic financial instrument and are initially recognised at their transaction value
l) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
- m) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
- n) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
- o) Pensions
The charity's contribution to employees' personal pension is charged to revenue on accrual basis.
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p) Company information
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UCH London Nurses' Charity is a charitable company limited by guarantee registered in England with registration number 1161883. Its registered office address is Euston Road, London, England, NW1 2PG.
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UCH London Nurses' Charity Notes to the financial statements
For the year ended 31 December 2025
2 Related party transactions
Trustees' expenses represents the payment or reimbursement of travel and subsistence costs is £2,864 (2024: £1,436) relating to carrying out their duties.
No related party donations were received that fall outside the normal course of business, and no restricted donations were received from related parties.
3 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
| 4 Disposal proceeds Additions at cost Net gain / (loss) on change in fair value Historic cost at the end of the year Fair value at the start of the year Listed investments Fair value at the end of the year |
2025 £ 436,229 8,187 - 49,475 493,891 - |
2024 £ 423,224 - - 13,004 436,228 - |
|---|---|---|
Due to historic nature of investments, it has not been practical to obtain historic cost of investments.
Investments comprise:
| Allianz Global Investors Hampshire Trust Bank Cambridge and Counties Bonds M&G ChariFund Charities UK Funds |
2025 £ 103,749 5,627 48,884 125,027 210,604 493,891 |
2024 £ 94,286 5,409 38,937 106,562 191,034 436,228 |
|---|---|---|
Investments representing over 5% by value of the portfolio comprise:
| Investments representing over 5% by value of the portfolio comprise: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Charities UK Equity Fund | 81,256 | 72,133 |
| Charities UK Bond Fund | - | 22,153 |
| Cambridge & Counties Bond - One Year Fixed Rate Bond Issue 83 | 25,000 | - |
| M&G Charifund | 125,027 | 106,562 |
| Allianz Global Investors | 210,604 | 191,034 |
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UCH London Nurses' Charity Notes to the financial statements
For the year ended 31 December 2025
| 5 6 Creditors: amounts falling due within one year Accruals Goods for resale Stock |
2025 £ 3,844 3,844 2025 £ 900 900 |
2024 £ 3,726 3,726 2024 £ - - |
|---|---|---|
7 Analysis of net assets between funds
| 2025 Net assets at the end of the year Investments Net current assets 2024 Investments Net current assets Net assets at the end of the year |
General unrestricted £ 210,604 30,092 240,696 General unrestricted £ 191,034 13,374 204,408 |
£ - - - £ - - - Designated Designated |
Restricted £ 283,287 47,355 330,642 Restricted £ 245,194 54,088 299,282 |
Total funds £ 493,891 77,447 571,338 Total funds £ 436,228 67,462 503,690 |
|---|---|---|---|---|
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UCH London Nurses' Charity Notes to the financial statements
For the year ended 31 December 2025
8 Movements in funds
| Education Benevolent Total restricted funds General funds 2025 Total funds Unrestricted funds: Restricted funds: Total unrestricted funds |
At the start of the year £ 59,521 239,761 299,282 204,408 204,408 503,690 |
Incoming resources & gains £ 7,193 38,164 45,357 65,480 65,480 110,837 |
Outgoing resources & losses £ (8,429) (5,568) (13,997) (29,192) (29,192) (43,189) |
Transfers £ - - - - - - |
At the end of the year £ 58,285 272,357 330,642 240,696 240,696 571,338 |
|---|---|---|---|---|---|
8 Movements in funds (continued)
| Education Benevolent Total restricted funds General funds Total unrestricted funds 2024 Restricted funds: Unrestricted funds: Total funds |
At the start of the year £ 48,149 229,619 277,768 200,276 200,276 478,044 |
Incoming resources & gains £ 13,182 13,534 26,716 17,458 17,458 44,174 |
Outgoing resources & losses £ (1,810) (3,392) (5,202) (13,326) (13,326) (18,528) |
Transfers £ - - - - - |
At the end of the year £ 59,521 239,761 299,282 204,408 204,408 503,690 |
|---|---|---|---|---|---|
Purpose of restricted funds
The Education Fund of the UCH London Nurses Charity was formerly known as the Rutter Memorial Fund in the UCH Nurses League and was set up in 1962 to assist nurses with grants for post qualifying education. This might take the form of a recognised course, a study programme or other educational project.
The Benevolent Fund was formerly known as the Dora Finch & Barbara Yule Benevolent Fund Trust in the UCH Nurses League. The objectives are to help members who are faced with financial hardship and distress, through accident, illness or some other cause. The Fund therefore gives assistance to those who have spent their lives providing care for others.
9 Legal status of the charity
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
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