OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

REGISTERED COMPANY NUMBER:09594274 REGISTERED CHARITY NUMBER: 1162414

The Hull and East Yorkshire Hospitals Health Charity Limited

(A company limited by guarantee)

Financial Statements

31 March 2025

SD-0220652-1-6

The Hull and East Yorkshire Hospitals Health Charity Limited

Contents

Trustees' Report 1 to 7
Statement of Trustees' Responsibilities 8
Independent Auditors' Report 9 to 12
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash Flows 15
Notes to the Financial Statements 16 to 26

The Hull and East Yorkshire Hospitals Health Charity Limited

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2025. 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

Objects 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 independent charity with its sole purpose being to raise charitable funds for the benefit of the Hull University Teaching Hospitals NHS Trust. The charity's main aim is 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 financial year 24/25 saw the work undertaken to merge the Hull and East Yorkshire Hospitals NHS trust General Purposes Charity (GP Charity) with the WISHH charity finally completed. This action resulted in a donation of residual funds from the Trust's GP Charity of £1.6m to the WISHH Charity. As a consequence of this action, the level of income received in 2024/25 was significantly greater than in previous years. 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. The charity's income has risen to £2,440k (2023-24: £621k), primarily as a result of the £1.6m donation referenced above and a number of significant donations and legacies. Overall expenditure decreased by £75k during 2024-25 to £775k (2023-24: £850k).

In anticipation of this merger and as part of the Charity's ongoing strategic planning activities reported in previous Annual Reports, the Charity has reviewed its operational capacity and has approved the appointment of its first Chief Executive Officer (CEO) to lead the next key stage of its development. The CEO recruitment process commenced at the beginning of January 2025 and the newly appointed CEO took up his appointment on 21st July 2025 . Trustees have continued to commit time to addressing the Charity’s strategy review work as it relates to governance, financial management - including fundraising, grant making, cash management.

The Charity’s Trustees and WISHH staff have continued to develop relationships both internally within the Trust and externally with the wider community, although activities in this area have been impacted upon by both staff turnover and sickness absence. Again, as part of the work to increase the operational capacity of the Charity, staffing improvements are planned for 2025/26, once the new CEO is established in post. Despite the staffing challenges experienced, the Charity saw the completion of its 'Space to Grow Appeal' being completed in October 2024, the launch of its 'Baby Loss Appeal' in November 2024 and continued support for a range of funding requests submitted to it.

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 Limited

Trustees' Report

Activities during the year 2024-25

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:-

As a consequence of its fundraising and the various donations and legacies received, the Charity has been able to support the following:

Fundraising Events and Activities

During the course of the year a number of fundraising events and activities took place including:

Page 2

The Hull and East Yorkshire Hospitals Health Charity Limited

Trustees' 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 longer term investments, it has minimal assets. All of the Charity's operating costs are met by the Charity. The 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 a good understanding of the Charity's income and expenditure. All of the Charity's Trustees regularly review its financial management reports. The Charity's next phase of development is to be focused on the Charity's further development, increasing both its operational capacity and level of fundraising. 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

Nature of governing document

The charity is controlled by its governing document, its Memorandum and Articles of association, and constitutes a company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of trustees

WISHH currently has eight of its nine established Trustee positions filled. Six of the 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. The remaining two Trustees are nominated by the Hospital Trust in accordance with the Charity's governing document.

Organisational structure

During the course of the year, the day-to-day management of the Charity was subject to interim management arrangements, primarily due to staff sickness and the HUTH Project Director, who is also one of the HUTH nominated Trustees, was required to take a greater level of direct involvement. With the appointment of the CEO, effective from 21st July 2025, leadership of the day-to-day management will be the responsibility of this individual. The Charity is supported by the finance department of HUTH and with transactional support from East Lancashire Financial Services (ELFS), a shared services provider used by HUTH.

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.

Page 3

The Hull and East Yorkshire Hospitals Health Charity Limited

Trustees' Report

Relationships with related parties

Hull University Teaching Hospitals NHS Trust

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.

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.

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 2024/25 and no complaints relating to fundraising were received in 2024/25 (2023/24: 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:

Page 4

The Hull and East Yorkshire Hospitals Health Charity Limited

Trustees' Report

Income

Donations, legacies and other income totalled £2,270k for the year, while trading activities generated £115k. A further £55k of income was generated from long and short term investments with Rathbones.

Expenditure

Total resources expended amounted to £775k. While this includes general management and administration costs and costs associated with managing the Charity's investment portfolio, the bulk of this figure (£599k) 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 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.

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 both the Trust's Executive and staff 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 2024-25 there were 157 individual funds (2023-24: 131) with balances ranging between £0 and £606k (2023-24: £0 and £216,000). 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, which will cover its operating costs for up to six months, 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 £2,756k (2023-24: £1,324). Restricted funds were £942k (2023-24: £741k).

Page 5

The Hull and East Yorkshire Hospitals Health Charity Limited

Trustees' Report

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: D J Adcock L W Bond (resigned 12 November 2024) D Haire M C S Hall S Kettrick S M Lockwood J N Wild D Sharif (appointed 11 March 2025) Dr K Wood (appointed 12 November 2024)

Page 6

The Hull and East Yorkshire Hospitals Health Charity Limited

Trustees' Report

Reference and Administrative Details

Charitable company Registration1162414 Number: Company Registration Number: 09594274 Registered Office: Alderson House Hull Royal Infirmary Anlaby Road Hull East Yorkshire HU3 2JZ Auditor: Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA Investment Managers Rathbones Investment Management Ltd Port of Liverpool Building Pier Head Liverpool L3 1NW Bankers: National Westminster Bank PLC 34 King Edward Street Hull East Riding of Yorkshire HU1 3YN

The annual report was approved by the trustees of the charitable company on 11 November 2025 and signed on its behalf by:

S Lockwood

......................................... S M Lockwood Trustee

Page 7

The Hull and East Yorkshire Hospitals Health Charity Limited

Statement of Trustees' Responsibilities

The trustees (who are also the directors of The Hull and East Yorkshire Hospitals Health Charity Limited for the purposes of company law) are responsible for preparing the trustees' report and 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 Charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and 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 8

The Hull and East Yorkshire Hospitals Health Charity Limited

Independent Auditor's Report to the Members of The Hull and East Yorkshire Hospitals Health Charity Limited

Opinion

We have audited the financial statements of The Hull and East Yorkshire Hospitals Health Charity Limited (the 'charitable company') for the year ended 31 March 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other matters

The financial statements for the year ended 31 March 2024 were not audited. Accordingly, we do not express an opinion on the comparative figures included in these financial statements.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 9

The Hull and East Yorkshire Hospitals Health Charity Limited

Independent Auditor's Report to the Members of The Hull and East Yorkshire Hospitals Health Charity Limited

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 8), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 10

The Hull and East Yorkshire Hospitals Health Charity Limited

Independent Auditor's Report to the Members of The Hull and East Yorkshire Hospitals Health Charity Limited

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, the Charities Act 2011, data protection, anti-bribery, employment, fundraising regulations and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to agreeing charity only and consolidated financial statement disclosures to underlying supporting documentation; reading the minutes of meetings of those charged with governance; enquiring of management as to actual and potential litigation and claims; and reviewing correspondence with relevant regulators and the charitable company's legal advisors.

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 11

The Hull and East Yorkshire Hospitals Health Charity Limited

Independent Auditor's Report to the Members of The Hull and East Yorkshire Hospitals Health Charity Limited

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

......................................

Stephen T Bramall BSc., FCA (Senior Statutory Auditor) For and on behalf of Smailes Goldie, Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA

11 November 2025

Page 12

The Hull and East Yorkshire Hospitals Health Charity Limited

Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
2
Trading income
3
Sponsorship income
3
Investment income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Gains/(losses) on
investment assets
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
2,045,524
-
12,521
55,273
2,113,318
(16,736)
(632,741)
(649,477)
(32,115)
1,431,726
1,431,726
1,324,214
2,755,940		 Restricted
funds
£
324,441
-
2,635
-
327,076
-
(125,450)
(125,450)
-
201,626
201,626
740,639
942,265		 Total
2025
£
2,369,965
-
15,156
55,273
2,440,394
(16,736)
(758,191)
(774,927)
(32,115)
1,633,352
1,633,352
2,064,853
3,698,205		 Total
2024
£
510,182
32,126
68,669
10,478
621,455
(9,150)
(840,929)
(850,079)
77,539
(151,085)
(151,085)
2,215,938
2,064,853

All of the charitable company's activities derive from continuing operations during the above two periods.

The funds breakdown for 2024 is shown in note 16.

The notes on pages 16 to 26 form an integral part of these financial statements. Page 13

The Hull and East Yorkshire Hospitals Health Charity Limited

(Registration number: 09594274) Balance Sheet as at 31 March 2025

Note
Unrestricted
fund
£
Fixed assets
Investments
12
1,288,675
Current assets
Debtors
13
215,623
Investments
14
691,812
Cash at bank and in hand
921,414
1,828,849
Creditors: Amounts falling
due within one year
15
(361,584)
Net current assets
1,467,265
Net assets
2,755,940
Funds of the charitable company:
Total restricted funds
-
Total unrestricted funds
2,755,940
Total funds
16
2,755,940		 Restricted
fund
£
-
82,622
-
1,017,603
1,100,225
(157,960)
942,265
942,265
942,265
-
942,265		 2025
£
1,288,675
298,245
691,812
1,939,017
2,929,074
(519,544)
2,409,530
3,698,205
942,265
2,755,940
3,698,205		 2024
£
1,239,680
339,547
201,951
674,796
1,216,294
(391,121)
825,173
2,064,853
740,639
1,324,214
2,064,853

The financial statements on pages 13 to 26 were approved by the trustees, and authorised for issue on 11 November 2025 and signed on their behalf by:

......................................... D Haire Trustee

S Lockwood

......................................... S M Lockwood Trustee

The notes on pages 16 to 26 form an integral part of these financial statements. Page 14

The Hull and East Yorkshire Hospitals Health Charity Limited

Statement of Cash Flows for the Year Ended 31 March 2025

Note
Cash flows from operating activities
Net income/(expenditure)
Adjustments for non-operating items
Investment income
Investment costs
Revaluation of investments
Working capital adjustments
Decrease/(increase) in debtors
13
Increase/(decrease) in creditors
15
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
4
Income from dividends
4
Purchase of investments
12
Sale of investments
Investment costs
Acquisition of current investment
Disposal of current investment
Net cash flows from investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
Analysis of cash and cash equivalents
Cash and short-term deposits
Bank overdrafts		 2025
£
1,633,352
(55,273)
12,102
30,941
1,621,122
41,302
336,123
1,998,547
15,304
20,110
(169,502)
89,566
(12,102)
(470,000)
-
(526,624)
1,471,923
467,094
1,939,017
2025
£
1,939,017
-
1,939,017		 2024
£
(151,085)
(10,478)
1,929
(77,539)
(237,173)
(24,203)
(557,308)
(818,684)
-
8,526
(1,179,792)
17,651
(1,929)
(500,000)
300,000
(1,355,544)
(2,174,228)
2,641,322
467,094
2024
£
674,796
(207,702)
467,094

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 16 to 26 form an integral part of these financial statements. Page 15

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

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.

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;

a. Income is probable - usually but not exclusively when probate has been granted

b. The Executors have satisfied themselves there are sufficient assets to pay the legacy.

c. Any conditions of the legacy have been met.

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.

Page 16

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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 Income from donations and legacies

2
Income from donations and legacies
Donations and legacies;
Exceptional donation from General Purposes Charity
Donations
Legacies
Gifts
Grants, including capital grants;
Grants from other charities		 Total
2025
£
1,465,966
541,827
237,346
25,326
99,500
2,369,965		 Total
2024
£
-
469,844
17,327
23,011
-
510,182

3 Income from other trading activities

3
Income from other trading activities
Sponsorship income Total
2024
£
15,156
15,156		 Total
2024
£
68,669
68,669

4 Investment income

Page 17

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Income from dividends;
Income from dividends
Interest receivable and similar income;
Interest receivable on bank deposits
Accrued interest on current asset investments		 Total
2025
£
20,110
15,304
19,859
55,273		 Total
2024
£
8,526
-
1,952
10,478

Page 18

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

5 Expenditure on raising funds

a) Costs of trading activities

Note
Sales of goods and services
Investment management costs
6
Expenditure on charitable activities
Grant
funding of
activity (see
note 8)
£
Activity
support
costs (see
note 7)
£
Expenditure on charitable
activities
598,710
159,481		 Total
2025
£
4,634
12,102
16,736
2025
£
758,191		 Total
2024
£
7,198
1,952
9,150
2024
£
840,929

Page 19

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7 Analysis of governance and support costs

Support costs allocated to charitable activities
Governance
costs
£
Finance
costs
£
Management
£
Allocated support costs
8,587
1,055
149,839
8
Grant-making
Analysis of grants paid (included in charitable activities) 2024/25
Unrestricted
Funds
2025
£
Analysis
Building and refurbishment
21,997
Purchase of new equipment
357,998
Patient's welfare and amenities
13,291
Staff welfare and amenities
11,545
Research
165
Miscellaneous
68,264
473,260
Name of institution
Purpose
Hull University Teaching Hospitals NHS Trust
For the benefit of patients,
relatives and Trust staff
Grants made to individuals
There have been no grants to individuals during the year.		 Support costs allocated to charitable activities
Governance
costs
£
Finance
costs
£
Management
£
Allocated support costs
8,587
1,055
149,839
8
Grant-making
Analysis of grants paid (included in charitable activities) 2024/25
Unrestricted
Funds
2025
£
Analysis
Building and refurbishment
21,997
Purchase of new equipment
357,998
Patient's welfare and amenities
13,291
Staff welfare and amenities
11,545
Research
165
Miscellaneous
68,264
473,260
Name of institution
Purpose
Hull University Teaching Hospitals NHS Trust
For the benefit of patients,
relatives and Trust staff
Grants made to individuals
There have been no grants to individuals during the year.		 Total
2025
£
159,481
Restricted
Funds
2025
£
-
14,362
-
13,275
83,003
14,810
125,450		 Total
2025
£
159,481
Restricted
Funds
2025
£
-
14,362
-
13,275
83,003
14,810
125,450		 Total
2024
£
139,558
Total
21,997
372,360
13,291
24,820
83,168
83,074
598,710
2024/25
£
598,710

Page 20

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Analysis of grants paid (included in charitable activities) 2023/24

Unrestricted
Funds
Restricted
Funds
2024
£
2024
£
Analysis
Building and refurbishment
25,181
9,079
Purchase of new equipment
256,508
79,564
Patient's welfare and amenities
25,173
32,913
Staff welfare and amenities
34,265
14,541
Research
440
159,216
Miscellaneous
56,307
8,184
397,874
303,497
Name of institutions
Purpose
Hull University Teaching Hospitals NHS Trust
For the benefit of patients,
relatives and Trust staff		 Total
34,260
336,072
58,086
48,806
159,656
64,491
701,371
2023/24
£
701,371

Grants made to individuals

There have been no grants to individuals in the year ended 31st March 2024

9 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

Audit fees
Independent examiners fees		 2025
£
6,700
-		 2024
£
-
2,250

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charitable company during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

Page 21

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

11 Comparatives for the Statement of Financial Activities

Note
Income and Endowments from:
Donations and legacies
2
Trading income
3
Sponsorship income
3
Investment income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Gains/losses on investment assets
Net expenditure
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16		 Unrestricted
funds
£
348,270
31,500
55,839
10,478
446,087
(8,515)
(522,630)
(531,145)
77,539
(7,519)
(7,519)
1,331,733
1,324,214		 Restricted
funds
£
161,912
626
12,830
-
175,368
(635)
(318,299)
(318,934)
-
(143,566)
(143,566)
884,205
740,639		 Total
2024
£
510,182
32,126
68,669
10,478
621,455
(9,150)
(840,929)
(850,079)
77,539
(151,085)
(151,085)
2,215,938
2,064,853

Page 22

Notes to the Financial Statements for the Year Ended 31 March 2025

The Hull and East Yorkshire Hospitals Health Charity Limited

12 Fixed asset investments

Other investments

Other investments
Cost or Valuation
At 1 April 2024
Revaluation
Additions
Disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Listed
investments
£
1,239,680
(30,941)
169,502
(89,566)
1,288,675
1,288,675
1,239,680		 Total
£
1,239,680
(30,941)
169,502
(89,566)
1,288,675
1,288,675
1,239,680

There were no individual investments which exceed 5% of the total value of the investment portfolio. Cost or valuation at 31st March 2025 is represented by:

2025
£
Valuation in 2025 1,288,675

13 Debtors

Prepayments
Other debtors
14 Current asset investments
Cash held on deposit		 2025
£
36,990
261,255
298,245
2025
£
691,812		 2024
£
94,471
245,076
339,547
2024
£
201,951

Page 23

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

15 Creditors: amounts falling due within one year

Bank overdrafts
Accruals
16 Funds
Unrestricted funds
General
Restricted funds
Total funds
Unrestricted funds
General
Restricted funds
Total funds		 Balance at
1 April
2024
£
1,324,214
740,639
2,064,853
Balance at
1 April
2023
£
1,331,733
884,205
2,215,938		 Incoming
resources
£
2,113,318
327,076
2,440,394
Incoming
resources
£
446,087
175,368
621,455		 2025
£
-
519,544
519,544
Resources
expended
£
Other
recognised
gains/(losses)
£
(649,477)
(32,115)
(125,450)
-
(774,927)
(32,115)
Resources
expended
£
Other
recognised
gains/(losses)
£
(531,145)
77,539
(318,934)
-
(850,079)
77,539		 2024
£
207,702
183,419
391,121
Balance at
31 March
2025
£
2,755,940
942,265
3,698,205
Balance at
31 March
2024
£
1,324,214
740,639
2,064,853

Page 24

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Unrestricted funds
General
R Blackburn Legacy
General purposes - Other
gains and losses
WISHH General
Joyce Shearman Legacy
Firbank Legacy
Wards and departments
Patient Benefit
Teenage & Young Adult
Cancer
Clappinson Legacy
Misc Credits
J W Stephenson Legacy
Breast Surgery
Midwifery Bereavement
Appeal
Starling Legacy
Space To Grow Appeal
NICU
Voluntary Services
Habbershaw Legacy
Colorectal
Other unrestricted
Restricted funds
Hri Health And Wellbeing
Suite
Tem-Pac
Research/Clinical
Fellowship
B J Marshall Legacy
Living with and beyond
cancer
Other restricted
Total restricted funds
Total funds		 Balance at
1 April
2024
£
-
-
117,744
-
-
105,315
64,485
170,294
52,196
43,157
35,414
-
-
60,244
27,500
32,770
32,131
582,964
1,324,214
161,835
215,981
44,794
33,928
284,101
740,639
2,064,853		 Incoming
resources
£
606,151
560,109
142,071
152,277
149,778
76,291
18,291
-
700
579
8,835
33,654
30,215
515
5,752
440
2,185
325,475
2,113,318
189,165
80,000
-
3,593
54,318
327,076
2,440,394		 Resources
expended
£
Other
recognised
gains/(losses)
£
-
-
-
-
(95,066)
(2,856)
-
-
-
-
(105,835)
(2,554)
(13,777)
(1,564)
(105,685)
(4,130)
(7,063)
(1,266)
(5,840)
(1,047)
(10,983)
(859)
(405)
-
-
-
(31,916)
(1,461)
(4,036)
(667)
(4,435)
(795)
(5,648)
(779)
(258,788)
(14,137)
(649,477)
(32,115)
-
-
(81,803)
-
-
-
(2,890)
-
(40,757)
-
(125,450)
-
(774,927)
(32,115)		 Balance at
31 March
2025
£
606,151
560,109
161,893
152,277
149,778
73,217
67,435
60,479
44,567
36,849
32,407
33,249
30,215
27,382
28,549
27,980
27,889
635,514
2,755,940
351,000
214,178
44,794
34,631
297,662
942,265
3,698,205

Page 25

The Hull and East Yorkshire Hospitals Health Charity Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Detail of restricted funds & purposes as disclosed above

Purpose Restriction
Health and Wellbeing Suite Staff wellbeing Restricted
Tem Pac Research/Clinical
Fellowship		 Research and development Restricted
B J Marshall Legacy Research and development Restricted
Living with and Beyond Cancer General purpose for cancer patient
and staff benefit		 Restricted
Unrestricted funds General Unrestricted

17 Related party transactions

Hull University Teach Hospitals NHS Trust (HUTH)

During the year grants of £598,710 (2024 £701,370) were made to HUTH. At the year end amounts owing to HUTH of £109,382 (2024: £84,385) and amounts owed from HUTH of £121,855 (2024: £nil).

Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity

During the year grants of £1,466,024 (2024: £126,500) were received from the General Purposes charity. At the year end amounts owing to the General Purposes charity of £31,737 (2024: £38,149) and amounts owed from the General Purposes charity of £nil (2024: £242,043).

18 Connected organisations

2024/25 2024/25 2023/24 2023/24
Net Net
Name, nature of connection, Turnover of Profit/(Loss) Turnover of Profit/(Loss)
description of activities and details connected for connected connected for connected
of any qualifications expressed by organisation organisation organisation organisation
their auditors £000 £000 £000 £000
Hull University Teaching Hospitals
NHS Trust; Grants to support training, 992,561 (10,304) 885,736 (14,677)
staff welfare & research
Hull and East Yorkshire Hospitals
NHS Trust General Purposes Charity		 * * 91 (25)

The figures in the table above were taken from the audited accounts of Hull University Teaching Hospitals NHS Trust.

The 23/24 figures for Hull and East Yorkshire Hospitals NHS Trust General Purposes Charity were taken from its unaudited accounts.

Page 26