REGISTERED NUMBER:09594274 REGISTERED CHARITY NUMBER: 1162414
The Hull and East Yorkshire Hospitals Health Charity
Unaudited Financial Statements
31 March 2024
SD-0216121-1-6
The Hull and East Yorkshire Hospitals Health Charity
Contents of the Financial Statements for the year ended 31st March 2024
| Page | Page | |
|---|---|---|
| Report of the Trustees | 1 | to 6 |
| Statement of Trustees' Responsibilities | 7 | |
| Independent Examiner's Report | 8 | |
| Statement of Financial Activities | 9 | |
| Balance Sheet | 10 | |
| Cash Flow Statement | 11 | |
| Notes to the Cash Flow Statement | 12 | |
| Notes to the Financial Statements | 13 | to 24 |
| Detailed Statement of Financial Activities | 25 | to 26 |
The Hull and East Yorkshire Hospitals Health Charity
Report of the Trustees for the year ended 31st March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of 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
Objectives and aims
The Charity's primary objective is to raise funds to provide services and equipment for patients over and above what the NHS alone can provide, and to enhance the facilities for staff, hospital volunteers, patients and their visitors.
Significant activities
As reflected in the Charity’s previous Annual Reports, the Hull and East Yorkshire Hospitals Health Charity (WISHH) has continued to develop its role as the official charity of the Hull University Teaching Hospitals NHS Trust. Its aim to raise awareness of its work to promote, receive and manage all related fundraising activities for the benefit of both the Hull Royal Infirmary and Castle Hill Hospital. The Charity has continued to develop its activities to both promote awareness of its existence and role and to encourage giving by others or by directly organising and supporting fundraising activities and events. As acknowledged in last year's Annual Report, the Charity’s trustees fully recognised how this change would increase the scale of the Charity’s operations. Whilst income has fallen to £621k (2022-23: £903k), overall expenditure increased by £284k during 2023-24 to £850k (2022-23: £566k)
The trustees have this year committed time to reviewing the Charity’s strategy particularly as it relates to - governance, financial management including fundraising, grant making, cash management and its overall governance arrangements. This has resulted in the production of a comprehensive action plan, the major part of which has been implemented during 2023-24. Arising out of this activity it has also developed corporate objectives which it has been working towards.
The Charity’s Trustees and WISHH staff have continued to build strong relationships both internally within Hull University Teaching Hospitals NHS Trust and externally with the wider community. The primary aim of this activity being to raise awareness of the Charity’s role both in terms of its fundraising and also the support and encouragement it provides to others wishing to support the Trust's hospitals. Expanded recognition of the Charity’s role as the official Charity of Hull Hospitals has significantly increased during the course of the last year as a result of the decision by HUTH to reinforce WISHH as the official charity receiving donations made to the hospital.
Building on the Charity’s established social media presence on platforms including Twitter, Facebook and Instagram, it has increased its communications activities with the introduction of bi-monthly newsletters to the Charity's supporters. Major online giving platforms including 'Just Giving' and 'Go Fund Me' via PayPal are operational and continue to be proactively managed by the Charity’s staff.
Page 1
The Hull and East Yorkshire Hospitals Health Charity
Report of the Trustees for the year ended 31st March 2024
Activities during the year 2023-2024
WISHH continued to work alongside supporters of the Hull Hospitals to help make a difference to patients, visitors and staff and in-year achievements are as follows:-
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Completed the 'By Your Side' Appeal, enhancing five parental rooms, enabling parents/carers to stay by the side of the area’s sickest children receiving care. The project also enhanced the playroom and parental facilities on the Woodland Ward at Hull Royal Infirmary.
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Provided funding for a significant range of range of medical equipment, furniture and environmental improvements to both patient and staff accommodation across the two hospitals.
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In June 2023 WISHH launched the ‘Space to Grow’ Fundraising appeal, to enhance the Neonatal Intensive Care Unit, to raise funds to create a sensory room, parent’s quiet room, sibling’s playroom and a specialised education facility.
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Provided funding for a significant range of medical equipment, furniture and environmental improvements to both patient and staff accommodation across the two hospitals.
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During the course of the year, WISHH staff have made presentations at staff induction events e.g. overseas nurses, to raise awareness of the Charity. WISHH are members of NHS Charities Together and actively participate in its activities and online events, with the Charity's Chairman and Manager attending its Annual Conference in 2023.
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Supporting various Trust events including, the 'Staff Family Fun Day', 'Golden Hearts Event' and the 'WISHH Fundraising Ball'.
As a consequence of its fundraising and the various donations and legacies received, the Charity has been able to support the following:
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A range of specialist medical, scientific and technical equipment for clinical areas throughout the hospitals, including:- Provision of five specialist cardiac imaging workstations to support diagnosis.
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Furniture and equipment for wards and departments, which benefitted patients, staff and visitors, including:- General furniture, televisions, iPads, computers, and wheelchairs.- Additional seating for outpatients departments, such as, Paediatric OPD and furniture for Castle Hill OPD.- Rehabilitation equipment for stroke patients.- Interactive RITA Systems and specialist treatment chairs for cancer patients.
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Clinical research projects, including:- Pancreatic Cancer Research Project – TEMPAC Study.
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- Funding to enable specialist staff to attend a range of training courses and conferences.
Fundraising Events and Activities
During the course of the year a number of fundraising events and activities took place including:
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Entry of a team of some 42 runners into the Hull Run for All raising some £6,500 to support the Charity's 'Space to Grow' Appeal.
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Hospital staff and charity supporters took part in the 'Yorkshire Three Peaks Challenge' and 'Great North Run' raising over £6,487. Due to a matched funding announcement in September 2023, the amount raised amounted to £12,974, with a further £2,013 raised for other specialist areas within the hospitals.
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'NHS Big Tea' to mark the 75th Anniversary of the NHS involving an incredible 60 wards and departments taking part to mark this key NHS celebration.
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In addition, themed seasonal appeals were organised including an Easter Appeal, 'HalloWISHH' and 'The WISHH National ELF Service Appeal', proceeds from which were used to provide gifts, distraction items, arts and crafts materials for paediatric, and medical elderly patients. WISHH also teamed up with the Rotary clubs of Holderness and Humberside to be part of their Santa Fun Run.
Page 2
The Hull and East Yorkshire Hospitals Health Charity
Report of the Trustees
for the year ended 31st March 2024
STRATEGIC REPORT
Going concern
There are no material uncertainties relating to events or conditions that cast significant doubt on the Charity's ability to continue as a going concern.
The Charity has no direct employees and other than cash holdings and investments, has minimal assets. All of the Charity's operating costs are met by the Charity. The two employees who work for the Charity are seconded by the Hospital Trust and are subject to the Trust’s terms and conditions. They are managed on a day-to-day basis by one of the Trust nominated Trustees and work solely for the Charity. As the Charity has developed, its focus continues to be on increasing the level of funds it raises through its various initiatives and this is expected to continue in coming years. Trustees have undertaken work during the course of the year to better understand the Charity's various income streams. This information will be used to improve both its fundraising focus and also its ongoing coding of its income. Expenditure can only be incurred once it has been established that funds exist and funds are not permitted to become overdrawn.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
WISHH currently has seven of its nine established Trustee positions filled. The intention is to recruit new trustees to the two vacancies during 2024-2025. Trustees have been appointed based upon their standing in the local community and individual skills, offering a diverse range of expertise in law, local government, construction, commerce, health and charity related areas.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Management
The day-to-day management of the Charity is the responsibility of the Charity Manager. She is supported by the finance department of HUTH and with transactional support from East Lancashire Financial Services (ELFS) a services provider shared with HUTH, and also receives support from the HUTH Project Director who is also one of the HUTH nominated Trustees.
The WISHH Charity Board of Trustees are responsible for the overall management of the Charity. The Board is required to control, manage and monitor the use of the Charity's resources. It also ensures 'best practice' is followed in the conduct of all its affairs, paying particular regard to the Charity Commission's guidance on public benefit and fulfilling all of its legal responsibilities.
Related parties
The purpose of the WISHH Charity is to benefit activities carried out by Hull University Teaching Hospitals NHS Trust.
Hull University Teaching Hospitals NHS Trust has two nominated Trustee positions on the Hull and East Yorkshire Hospitals Health Charity, one of whom is a Trustee of the Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity (registered charity no.1052035).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The Trustees meet at least four times a year to review the Charity's financial position and other business relating to the Charity. One of the purposes of these meetings is to identify and manage any risks to which the Charity may become exposed. In conjunction with various policies and procedures, the Trustee meetings are an integral part of the risk management process. Regular reports are provided at the Trustee meetings enabling review of the overall performance objectives. The Trustees are satisfied that it is fulfilling its obligations in respect of managing the Charity's risk.
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The Hull and East Yorkshire Hospitals Health Charity
Report of the Trustees for the year ended 31st March 2024
Fundraising
Fundraising is carried out according to the legal requirements and best practice guidance set out in the Charities Act, the Institute of Fundraising’s 'Fundraising Code of Practice', and other regulatory guidance. The Charity is registered with the Fundraising Regulator. The Charity has strict internal guidelines over the use of donor information and contact details and takes seriously its responsibilities to vulnerable people and other members of the public. No fundraising was carried out by commercial or professional fundraisers during 202324 and no complaints relating to fundraising were received in 2023-24 (2022-23: Nil). A Complaints Policy exists which sets out the procedure to be followed if anyone wants to raise a concern about any aspect of WISHH.
Grant making policies
The Charity's grants are made in accordance with its expenditure guidelines. Expenditure up to £10,000 from identified funds is authorised by the Fund Holder and Fund Director. Expenditure in excess of £10,000 must also be authorised by two Trustees. Applications for funds from WISHH General Fund account or a Legacy account must be determined by the Board of Trustees, and approval is subject to there being sufficient funds in that account and the Trustees considering that the grant would be an appropriate use of the Charity’s funds. All applications for funds which are granted are to enhance patient care, staff facilities and hospital amenities generally. The Charity does not ordinarily incur any costs relating to fundraising or generating donations other than those in relation to advertising materials and staff time.
Financial position
The key financial indicators are as follows:
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Total income received, including investment income, amounted to £621k.
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We spent £701k on supporting Hull hospitals, their patients and staff.
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Our long-term investments increased in value by £78k.
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Our short-term deposit investments generated returns of £2k.
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Our funds are worth £2,065k.
The Charity's bank balance opened at £2,630k and closed at £380k. The significant reduction is largely attributable to in year investment activities which resulted in the transfer of funds to Rathbones Investment Management Ltd.
Income
Donations, legacies and other income totalled £579k for the year, while trading activities generated £32k. A further £2k of income was generated from short term fund deposits invested with Rathbones with a further £8k dividend and interest received from the investment portfolio.
Expenditure
Total resources expended amounted to £850k. While this includes general management and administration costs and costs associated with managing the Charity's investment portfolio, the bulk of this figure (£701k) comprises grants made. The grants covered a range of charitable, health related activities which benefited patients and staff, examples of which are provided on the previous pages.
Investments Policy
The objectives of the Investment Policy are for funds held on Trust are to be managed in a way that provides a balanced return of income and capital growth with funds managed to a medium level of risk (risk level 4). The Investment Manager will be expected to adopt a diversified portfolio with an overall volatility of no more than 12% for its long term portfolio. A total return of CPI plus 3% will used as the main performance measurement benchmark. A portfolio time horizon of 6-10 years has been adopted.
Portfolio investment restrictions ensure that the investment managers are not permitted to invest the Charity's funds in equities connected with the tobacco, alcohol, gambling and arms industries.
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The Hull and East Yorkshire Hospitals Health Charity
Report of the Trustees for the year ended 31st March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Plans for future periods
The Trustees will continue to apply its current strategy of actively encouraging appropriate and prompt use of charitable donations and will continue to work closely with The Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity and the staff of Hull University Teaching Hospitals NHS Trust to ensure the needs of patients and staff are met.
Public Benefit
By awarding grants, the WISHH Charity Board of Trustees is aware of its responsibilities under charity law in ensuring the maintenance of public benefit in all aspects of its work. Funding patient and staff welfare, improvements and amenities is, by definition, meeting public benefit. The Board confirms that it has regard to the Charity Commission’s general guidance on public benefit when reviewing the Charity’s purpose and goals in their plans for future activities.
Fund balances
The Board actively encourages funds to be spent. At the close of 2023-24 there were 131 individual funds (2022-23: 129) with balances ranging between £0 and £216,000 (2022-23: £0 and £300,000). Individual funds have authorised fund managers (2) with responsibility for monitoring and control. In addition, the Board keep the balance of individual funds under review and from time to time will seek information from fund holders as to their spending intentions.
Reserves
The Charity requires sufficient reserves to allow it to cover known liabilities and contingencies, absorb setbacks and take advantage of change and opportunity. With this in mind, the Trustees believe it is appropriate to hold a general reserve of £125,000, which will cover one year’s operating costs together with a small contingency sum. The level of reserves is subject to monitoring and review and will be amended by the Trustees as deemed necessary. Total unrestricted reserves at the year end are £1,324,214 (2022-23: £1,331,733). Restricted funds were £740,639 (2022-23: £884,205).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
09594274 (England and Wales)
Registered Charity number
1162414
Registered office
Alderson House Hull Royal Infirmary Anlaby Road Hull East Yorkshire HU3 2JZ
Trustees
D J Adcock L W Bond J Bowes (resigned 21.11.2023) D Haire M C S Hall S Kettrick S M Lockwood J N Wild
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The Hull and East Yorkshire Hospitals Health Charity
Report of the Trustees for the year ended 31st March 2024
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
Bankers
National Westminster Bank PLC 34 King Edward Street Hull East Riding of Yorkshire HU1 3YN
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 12 November 2024 and signed on the board's behalf by:
................................................................. S M Lockwood - Trustee
Page 6
The Hull and East Yorkshire Hospitals Health Charity
Statement of Trustees' Responsibilities for the year ended 31st March 2024
The trustees (who are also the directors of The Hull and East Yorkshire Hospitals Health Charity for the purposes of company law) are responsible for preparing the Report of the Trustees 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 period. In preparing those 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 Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 7
Independent Examiner's Report to the Trustees of The Hull and East Yorkshire Hospitals Health Charity
Independent examiner's report to the trustees of The Hull and East Yorkshire Hospitals Health Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.
Responsibilities and basis of report
As the charity's 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 charity'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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:
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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.
Stephen T Bramall BSc., FCA
Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
13 Dec 2024 Date: .............................................
Page 8
The Hull and East Yorkshire Hospitals Health Charity
Statement of Financial Activities for the year ended 31st March 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Other trading activities Fundraising activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Charitable Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 348,270 31,500 55,839 10,478 446,087 8,515 522,630 531,145 77,539 (7,519) 1,331,733 1,324,214 |
Restricted fund £ 161,912 626 12,830 - 175,368 635 318,299 318,934 - (143,566) 884,205 740,639 |
2024 Total funds £ 510,182 32,126 68,669 10,478 621,455 9,150 840,929 850,079 77,539 (151,085) 2,215,938 2,064,853 |
2023 Total funds £ 893,279 9,326 - - |
|---|---|---|---|---|
| 902,605 | ||||
| 47,074 519,263 |
||||
| 566,337 | ||||
| - | ||||
| 336,268 1,879,670 |
||||
| 2,215,938 |
The notes form part of these financial statements
Page 9
The Hull and East Yorkshire Hospitals Health Charity
Balance Sheet 31st March 2024
| Notes FIXED ASSETS Investments 14 CURRENT ASSETS Debtors 15 Investments 16 Cash at bank 17 CREDITORS Amounts falling due within one year 18 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 20 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 1,239,680 123,077 201,951 93,296 418,324 (333,790) 84,534 1,324,214 1,324,214 |
Restricted fund £ - 216,470 - 581,500 797,970 (57,331) 740,639 740,639 740,639 |
2024 Total funds £ 1,239,680 339,547 201,951 674,796 1,216,294 (391,121) 825,173 2,064,853 2,064,853 1,324,214 740,639 2,064,853 |
2023 Total funds £ - 315,344 - 2,641,322 2,956,666 (740,728) 2,215,938 2,215,938 2,215,938 1,331,733 884,205 2,215,938 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements were approved by the Board of Trustees and authorised for issue on 12 November 2024 and were signed on its behalf by:
............................................. S M Lockwood - Trustee
............................................. J N Wild - Trustee
The notes form part of these financial statements
Page 10
The Hull and East Yorkshire Hospitals Health Charity
Cash Flow Statement for the year ended 31st March 2024
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of fixed asset investments Sale of fixed asset investments Acquisition of current investment Disposal of current investment Investment costs Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 |
2024 £ (810,158) (810,158) (1,179,792) 17,651 (500,000) 300,000 (1,929) (1,364,070) (2,174,228) 2,641,322 467,094 |
2023 £ 656,660 |
|---|---|---|
| 656,660 | ||
| - - - - - |
||
| - 656,660 1,984,662 |
||
| 2,641,322 |
The notes form part of these financial statements
Page 11
The Hull and East Yorkshire Hospitals Health Charity
Notes to the Cash Flow Statement for the year ended 31st March 2024
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Revaluation of investments Investment costs Interest received on investment Increase in debtors (Decrease)/increase in creditors Net cash (used in)/provided by operations 2. ANALYSIS OF CASH AND CASH EQUIVALENTS Cash held in fixed-term investments Overdrafts included in bank loans and overdrafts falling due within one year Total cash and cash equivalents 3. ANALYSIS OF CHANGES IN NET FUNDS At 1/4/23 £ Net cash Cash at bank 2,641,322 Bank overdraft - 2,641,322 Liquid resources Deposits included in cash - Current asset investments - - Total 2,641,322 |
2024 £ (151,085) - (77,539) 1,929 (1,952) (24,203) (557,308) (810,158) 2024 £ 674,796 (207,702) 467,094 Cash flow £ (1,966,526) (207,702) (2,174,228) - 201,951 201,951 (1,972,277) |
2023 £ 336,268 252 - - - (237,711) 557,851 656,660 2023 £ 2,641,322 - 2,641,322 At 31/3/24 £ 674,796 (207,702) 467,094 - 201,951 201,951 669,045 |
|---|---|---|
The notes form part of these financial statements
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The Hull and East Yorkshire Hospitals Health Charity Notes to the Financial Statements for the year ended 31st March 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
Income
A. All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. B. Gifts in kind
a. Assets given for distribution by the funds are included in the Statement of Financial Activities only when distributed.
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b. Assets given for use by the funds (e.g. property for its own occupation) are included in the
-
Statement of Financial Activities as income when receivable.
In all cases, the amount at which gifts in kind are brought into account is a reasonable estimate of their value to the funds.
C) Legacies
Legacies are recognised in the accounts when;
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a. Income is probable - usually but not exclusively when probate has been granted.
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b. The Executors have satisfied themselves there are sufficient assets to pay the legacy.
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c. Any conditions of the legacy have been met.
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d. The monetary value can be reliably measured.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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continued...
The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Fixtures and Fittings 25% on reducing balance Estimated UEL 6 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Gifts Donations Legacies 3. OTHER TRADING ACTIVITIES Sponsorships 4. INVESTMENT INCOME Investment interest received |
2024 £ 23,011 469,844 17,327 510,182 2024 £ 68,669 2024 £ 10,478 |
2023 £ 18,383 685,367 189,529 |
2023 £ 18,383 685,367 189,529 |
|---|---|---|---|
| 893,279 | |||
| 2023 £ - |
|||
| 2023 £ - |
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continued...
The Hull and East Yorkshire Hospitals Health Charity Notes to the Financial Statements - continued for the year ended 31st March 2024
| 5. | INCOME FROM CHARITABLE | ACTIVITIES | |||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||
| £ | £ | ||||||
| Fundraising activities | 32,126 | 9,326 | |||||
| 6. | RAISING FUNDS | ||||||
| Raising donations and legacies | |||||||
| 2024 | 2023 | ||||||
| £ | £ | ||||||
| Sales of goods and services | 9,150 | 47,074 | |||||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||||
| Grant | |||||||
| funding of | |||||||
| activities | Support | ||||||
| (see note | costs (see | ||||||
| 8) | note 9) | Totals | |||||
| £ | £ | £ | |||||
| Charitable | 701,371 | 139,558 | 840,929 | ||||
| 8. | GRANTS PAYABLE | ||||||
| Unrestricted | Restricted | Support | 2023/24 | ||||
| Analysis | Funds | Funds | Costs | Total | |||
| £ | £ | £ | £ | ||||
| Building and refurbishment | 25,181 | 9,079 | - | 34,260 | |||
| Purchase of new equipment | 256,506 | 79,564 | - | 336,071 | |||
| Patients' welfare and amenities | 25,173 | 32,913 | - | 58,086 | |||
| Staff welfare and amenities | 34,265 | 14,541 | - | 48,806 | |||
| Research | 440 | 159,216 | - | 159,656 | |||
| Miscellaneous | 56,307 | 8,184 | - | 64,492 | |||
| Total | 397,873 | 303,498 | - | 701,371 | |||
| Grants made to institutions | |||||||
| 2023/24 | |||||||
| Total | |||||||
| Name of institution | Purpose | £ | |||||
| Hull University Teaching | For the benefit of patients, relatives | and Trust | |||||
| Hospitals NHS Trust | staff | 701,371 |
Grants made to individuals
There have been no grants to individuals during the year.
Analysis of grants paid (included in cost of charitable activities) 2022/23
| Unrestricted | Restricted | Support | 2022/23 | ||
|---|---|---|---|---|---|
| Analysis | Funds | Funds | Costs | Total | |
| £ | £ | £ | £ | ||
| Building and refurbishment | 17,405 | 1,418 | - | 18,823 | |
| Purchase of new equipment | 168,161 | 74,594 | - | 242,755 | |
| Patients' welfare and amenities | 31,544 | 3,508 | - | 35,052 | |
| Staff welfare and amenities | 28,570 | 6,383 | - | 34,954 |
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
8. GRANTS PAYABLE - continued
| Research | 29,346 | 3,702 | - | 33,048 |
|---|---|---|---|---|
| Miscellaneous | 29,199 | 16,901 | - | 46,100 |
| Total | 304,255 | 106,506 | - | 410,731 |
| Grants made to institutions | ||||
| 2022/23 | ||||
| Total | ||||
| Name of institution | Purpose | £ | ||
| Hull University Teaching | For the benefit of patients, | relatives and Trust | ||
| Hospitals NHS Trust | staff | 410,731 |
Grants made to institutions
Grants made to individuals
There have been no grants to individuals during the year ended 31 March 2023.
9. SUPPORT COSTS
| Management £ Charitable 136,723 |
Governance Finance costs £ £ 630 2,205 |
Totals £ 139,558 |
|---|---|---|
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets | 2024 £ - |
2023 £ 252 |
|---|---|---|
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Other trading activities Total EXPENDITURE ON Raising funds |
Unrestricted fund £ 367,238 9,326 376,564 47,074 |
Restricted fund £ 526,041 - 526,041 - |
Total funds £ 893,279 9,326 |
|---|---|---|---|
| 902,605 | |||
| 47,074 |
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted fund £ Charitable activities Charitable 412,757 Total 459,831 NET INCOME/(EXPENDITURE) (83,267) Transfers between funds 12,672 Net movement in funds (70,595) RECONCILIATION OF FUNDS Total funds brought forward 1,402,328 TOTAL FUNDS CARRIED FORWARD 1,331,733 13. TANGIBLE FIXED ASSETS COST At 1st April 2023 and 31st March 2024 DEPRECIATION At 1st April 2023 and 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 14. FIXED ASSET INVESTMENTS MARKET VALUE Additions Disposals Revaluations At 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 |
continued Restricted Total fund funds £ £ 106,506 519,263 106,506 566,337 419,535 336,268 (12,672) - 406,863 336,268 477,342 1,879,670 884,205 2,215,938 Fixtures and fittings £ 1,062 1,062 - - Listed investments £ 1,179,792 (17,651) 77,539 1,239,680 1,239,680 - |
|---|---|
There were no investment assets outside the UK.
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
14. FIXED ASSET INVESTMENTS - continued
There were no individual investments which exceed 5% of the total value of the investment portfolio.
Cost or valuation at 31st March 2024 is represented by:
| Valuation in 2024 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 16. CURRENT ASSET INVESTMENTS Listed investments 17. CASH AT BANK AND IN HAND General Restricted fund Fund £ £ Bank account - 581,500 Cash held in investment portfolio 93,296 - Total 93,296 581,500 |
2024 £ 245,076 94,471 339,547 2024 £ 201,951 2024 Total funds £ 581,500 93,296 674,796 |
Listed investments £ 1,239,680 2023 £ 108,020 207,324 315,344 2023 £ - 2023 Total funds £ 2,641,322 - 2,641,322 |
||
|---|---|---|---|---|
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
| 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 19) Accrued expenses 19. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts |
2024 £ 207,702 183,419 391,121 2024 £ 207,702 |
2023 £ - 740,728 |
|---|---|---|
| 740,728 | ||
| 2023 £ - |
Bank loans and overdrafts represents the amount owed from the unrestricted reserve to the restricted reserve. 20. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
At 1/4/23 £ 1,331,733 884,205 2,215,938 |
Net movement in funds £ (7,519) (143,566) (151,085) |
At 31/3/24 £ 1,324,214 740,639 |
|---|---|---|---|
| 2,064,853 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming Resources resources expended £ £ 446,087 (531,145) 175,368 (318,934) 621,455 (850,079) |
Gains and Movement losses in funds £ £ 77,539 (7,519) - (143,566) 77,539 (151,085) |
|---|---|---|
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
20. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net Transfers movement between At 1/4/22 in funds funds £ £ £ Unrestricted funds General fund 1,402,328 (83,267) 12,672 Restricted funds Restricted Fund 477,342 419,535 (12,672) TOTAL FUNDS 1,879,670 336,268 - Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 376,564 (459,831) Restricted funds Restricted Fund 526,041 (106,506) TOTAL FUNDS 902,605 (566,337) A current year 12 months and prior year 12 months combined position is as follows: Net Transfers movement between At 1/4/22 in funds funds £ £ £ Unrestricted funds General fund 1,402,328 (90,786) 12,672 Restricted funds Restricted Fund 477,342 275,969 (12,672) TOTAL FUNDS 1,879,670 185,183 - |
At 31/3/23 £ 1,331,733 884,205 2,215,938 Movement in funds £ (83,267) 419,535 336,268 At 31/3/24 £ 1,324,214 740,639 2,064,853 |
|---|---|
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
20. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Fund Names Restricted Funds Tem-Pac Research/Clinical Fellowship HRI Health And Wellbeing Suite Marshall - Legacy Living With & Beyond Cancer Clinical Haematology Oncology Bowel Cancer Upper Gi/Acute Surgery Other restricted funds (24) Total restricted funds |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 822,651 (990,976) 77,539 (90,786) 701,409 (425,440) - 275,969 1,524,060 (1,416,416) 77,539 185,183 Fund balances brought forward 2023 Income Expen- diture Investment gains/ losses Fund balances carried forward 2024 £ £ £ £ 330,000 - (114,019) - 215,981 - 126,500 35,335 - 161,835 82,023 - (37,229) - 44,794 29,673 9,883 (5,629) - 33,928 76,390 970 (46,495) - 30,865 34,337 - (6,226) - 28,110 33,235 1,792 (10,276) - 24,751 298,547 36,223 (134,395) - 200,376 |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 822,651 (990,976) 77,539 (90,786) 701,409 (425,440) - 275,969 1,524,060 (1,416,416) 77,539 185,183 Fund balances brought forward 2023 Income Expen- diture Investment gains/ losses Fund balances carried forward 2024 £ £ £ £ 330,000 - (114,019) - 215,981 - 126,500 35,335 - 161,835 82,023 - (37,229) - 44,794 29,673 9,883 (5,629) - 33,928 76,390 970 (46,495) - 30,865 34,337 - (6,226) - 28,110 33,235 1,792 (10,276) - 24,751 298,547 36,223 (134,395) - 200,376 |
|---|---|---|
| 884,205 | 175,368 (318,934) - 740,639 |
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Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
20. MOVEMENT IN FUNDS - continued
| Fund Names Unrestricted Funds Clappison Legacy - General WISHH General Wards & Departments - Patient Benefit Teenage & Young Adult Cancer Space To Grow Appeal Nicu Stephenson Legacy Wilkinson Legacy Breast Surgery Home Bargains Paediatric Services Colorectal Habbershaw Legacy Critical Care Renal Outpatients Pears Foundation Miscellaneous Credits Other unrestricted funds (85) Total unrestricted funds Total funds |
Fund balances brought forward 2023 Income Expen- diture Investment gains/ losses Fund balances carried forward 2024 £ £ £ £ 181,009 - (21,255) 10,539 170,294 85,650 76,793 (49,685) 4,987 117,744 144,772 120,021 (167,908) 8,429 105,315 70,515 16,352 (26,487) 4,106 64,485 24,562 87,332 (53,080) 1,430 60,244 45,252 - (4,730) 2,635 43,157 44,000 - (3,390) 2,562 43,172 22,116 22,072 (10,062) 1,288 35,414 36,755 2,791 (6,207) 2,140 35,479 19,263 18,032 (6,285) 1,122 32,131 32,526 - (1,649) 1,894 32,770 22,411 18,346 (12,744) 1,305 29,318 18,788 10,000 (3,723) 1,094 26,159 59,645 - (35,618) 3,473 27,500 - - 52,196 - 52,196 524,469 75,106 (180,517) 30,537 449,596 |
|---|---|
| 1,331,733 446,087 (531,145) 77,539 1,324,2154 |
|
| 2,215,938 621,455 (850,079) 77,539 2,064,853 |
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
20. MOVEMENT IN FUNDS - continued
Detail of restricted funds & purposes as disclosed above
Tem-Pac Research/Clinical Research and Development Fellowship *HRI Health And Wellbeing Suite Staff wellbeing Marshall - Legacy Research and Development Living With & Beyond Cancer General purposes for cancer patient and staff benefit Clinical Haematology Research and Development Oncology Bowel Cancer Research and Development Upper Gi/Acute Surgery General purposes for Upper GI patient and staff benefit
Detail of unrestricted funds & purposes as disclosed above
Clappison Legacy - General General purposes for patient and staff benefit WISHH General General purposes for patient and staff benefit Wards & Departments - Patient Benefit General purposes for patient benefit Teenage & Young Adult Cancer General purposes for cancer patient and staff benefit Space To Grow Appeal Nicu Neonatal patient benefit *Misc Credits General purposes for patient and staff benefit Stephenson Legacy General purposes for patient and staff benefit Wilkinson Legacy To benefit the haematology dept. - Castel Hill Hospital Breast Surgery General purposes for patient and staff benefit Home Bargains Paediatric General purposes for breast patient and staff benefit Services Colorectal General purposes for colorectal patient and staff benefit Habbershaw Legacy To benefit cardiology patients and staff Critical Care General purposes for critical care patient and staff benefit Renal Outpatients To benefit renal patients and staff Pears Foundation General purposes for patient and staff benefit
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The Hull and East Yorkshire Hospitals Health Charity
Notes to the Financial Statements - continued for the year ended 31st March 2024
21. RELATED PARTY DISCLOSURES
| Name of related party | Nature of transaction | 2023/24 | 2022/23 |
|---|---|---|---|
| Hull University Teaching Hospitals NHS Trust | Grants to institution | 701,370 | 410,731 |
| Hull University Teaching Hospitals NHS Trust | Amounts owed to | 84,385 | 694,627 |
| Hull and East Yorkshire Hospitals NHS Trust | |||
| General Purposes Charity | Grants to institution | - | - |
| Hull and East Yorkshire Hospitals NHS Trust | Grants received from | ||
| General Purposes Charity | institution | 126,500 | - |
| Hull and East Yorkshire Hospitals NHS Trust | Amounts owed to | ||
| General Purposes Charity | institution | 38,149 | 6,149 |
| Hull and East Yorkshire Hospitals NHS Trust | |||
| General Purposes Charity (included within | Amounts owed from | ||
| creditors) | institution | 242,043 | 114,457 |
22. CONNECTED ORGANISATIONS
| 2023/24 | 2022/23 | |||
|---|---|---|---|---|
| Net | Net | |||
| Profit/(Loss) | Profit/(Loss) | |||
| Name, nature of connection, | Turnover of | for | Turnover of | for |
| description of activities and details | connected | connected | connected | connected |
| of any qualifications expressed by | organisatio | organisatio | organisatio | organisatio |
| their auditors | n £000 | n £000 | n £000 | n £000 |
| Hull University Teaching Hospitals | ||||
| NHS Trust; Grants to support training, | ||||
| staff welfare & research | 885,736 | (14,677) | 846,317 | (7,202) |
| Hull and East Yorkshire Hospitals NHS | ||||
| Trust General Purposes Charity | * | * | 2,012 | 1,801 |
The figures in the table above were taken from the audited accounts of Hull University Teaching Hospitals NHS Trust
The 22/23 figures for Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity were taken from its audited accounts.
- At the time of reporting, the Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity 23/24 accounts had not been subject to Audit and therefore, are not shown in the table above.
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