Charity Annual Report & Accounts 2023 - 2024 COVts19 wo(Iin• Penguino. the Lord Mayor and Lady Moyoress of Coventry. wilh Maggie Keenan Universlty Hospitols Coventry and Warwickshlre Charity Registered Company Number." 09981080 Registered Chority Number.. 1165393 Registered Office.. UHCW Chority. Main Reception, Universlty Hospitol. Clifford Biidge Road. Covenlry CV2 2DX
Contents Advisors Vice- Choirs, Report Trustees, ond Chority DirecloT'5 ReFxI Review ol the Year How You Mode Things Belter for our Stolf. Polienls ond Iheir Fomilies Coventry and Warwickshire Portnership Twsl Fundroising in 2023- 2024 Finoncial Review 12 13 15 Structure. Govemance and Manogemenl Board ol TnJslees 16 Tru51ee5' Responsibilities in the Preporolion ol Financial Slalements Independent Auditor's Reporl stolement ol Finonciol Aclivilies for the yeor ending 31 March I124 Bolonce Sheet os 0131 March 24 21 22 26 27 Slolement ol Cash Flows Iof the yeorending 31 Morch 3Y24 Note5 to Ihe linonciol slolemenls Iw the yeor ending 31 Moich 3)24 28 29 Advisors Bankers Lloyds TSB PLC. High Street, Coventry Indep•nd•nt Ext•rnol Avdltor5 Horrison Beole & Owen Limited, Highdown House. I l Highdown Road. Leomington Spa, Wawckshire. CV31 1 XT Inve$lmenl Manager CCLA Investment Manogemenl Ltd, 80 Cheopside, London, EC2V 6DZ Legal A¢rfho Neale & Pugh Solicilor5 Lld. Ground Floor, I l Emmonuel Court, Reddicrofl. Sullon Coldfield, B73 6AZ Senior Management Ms Joanne O'sullivan. Chorify Director
Vice Chairs of Truslees, Report Llncoln Dawkin and Nick Easlwood It is our pleasure to present the Annual Report and Accounts for University Hospitals Coventry and Warwickshire IUHCWI Charity for the year to 31 st March 2024. The charilable objects of the Chority remoin unchanged: being to enhance the experience of patients and their families who benefit from the seice$ provided at University Hospitals Covenlry ond Warwickshire NHS Trust. The Charily also conlinues to monage the charitable funds for Coventry and Warwickshire Porlnership Trust ICWPTI. This is achieved through the awarding of gronts to Ihe various services ond departmenls to enable them lo enhance premises and facililies, purchase equipmenl and furnilure and supporl reseorch and staff training. all of this at o level beyond thal which is provided from the core NHS budgels. This is made possible Ihrough Ihe generosity of our supporlers, donors and fundraisers who give their lime ond money lo allow us to undertake the work that we do. We would like to thonk Ihem mosl sincerely along wilh our staff and volunteers who work lireles51y for the benefit of our patienls and Iheir families. Financiolly. it has been a very successful year. with a total of £2,148,CCQ raised. The mojority of this increase in income is from legacy bequests. which will make a huge difference to our patients and their families. Details of how the funds have been used are shown in the report. These funds are ollocoted lo the different departments. wards and services, Under the supervision of fund advisors lo the Chority. thereby reflecting the intentions of the donors. We were very fortunate to have been chosen os one of Ihe three designated charities of the Lord Mayor of Coventry, Councillor Joswant Singh Birdi, for his year in office. We have welcomed Ihe Lord Moyor and Lady Mayoress. Mrs Krishna Kaur Birdi, lo a number ol events at Universily Hospital Coventry, including the celebralion of the first Covid-19 voccine on 81h December with our Ambassador. Maggie Keenon. who received Ihe first vaccine. During the year Ihere hove been some changes in our Board of Trustees. which are shown on page 20. We are pleased to welcome Bilhal Salman, Consultonl ond Clinical Lead for Ihe Urgenl Trealmenl Centre. who brings a wealth of experience to the Board. We are olso delighted thal aftef reliring 05 UHCW NHS Trust Chief Phormacist, Mark Easter has continued as an Independenl Trustee and will be undertaking some extreme physical challenges Ihis year to raise funds lor us. We hove two key appeols this year which we are focvssing our fundraising on- a much- needed Malernity Bereavement Suile and an additiona5 Surgical Robol, which will enable more of our cancer patients lo be operoled on with Ihis pioneering lechnology. We hope that you will conlinue to support us and thank you for all that you do lo make things betler for our their families. Nick Easlwood UHCW Chaiily Vice-choir Lincoln Dowkin UHCW Charity Vlce-chair 301h October 2024
Trustees, and Charity Dlrector's Report Charitable Purpose and Publlc Benefil University Hospitals Coventry and Warwickshire IUHCWI Charity, registered charity number 1165393 is the official chorily of University Hospitals Covenlry and Warwickshire IUHCWI NHS Trust and Covenlry ond Watwickshire Partnership Trust ICWPTI. UHCW Charily exisls for the benefil of patients ot UHCW and CWPT and provides funding for supporl thal is over and above thal provided by core NHS funding. The Charity's income comes from fundroising. donations. choritable grants, legacies ond sponsorship. The Trustees oversee charitable expenditure to ensure that funding is for the clear benefit of patients and Iheir families. os well as for the staff of the two orgonisotions. Under the Chorities Act 2011. charities ore required lo demonslrale that Iheir aims are for the public benefit. The two key principles which musl be met in this contexl are first, thal Ihere must be an idenlifioble benefil or benefits: and secondly. that the benefit must be lo the public. or a section of the public. Charity Trustees must ensure thot they carry out their charity's aims for the public benefit, must have regard lo the Charity Commission's guidonce. ond must report on public benefil in their Annual Report. The Trustees of UHCW Charily regulorfy monitor ond review the success of the Chority in meeting its key objectives of benefiting patients at UHCW NHS Trust ond CWPT. The Trustees confirm. in the light of Ihe guidance. thal these aims fully meet the public benefit lest and thot oll the activities of Ihe Chority ore undertoken in pursuit of its oims. Compllonce The Charily complies wilh the General Data Prolection Regulation IGDPRI and in addition, can assure our supporters thal., We do not sell Ihe names. addresses or data of any of our supporters We do not share our supporter dotabases with other chorilies We do nol use third party fundroising agencies lo sign up donors on the street or to contact donors ot Iheir home or place of work We do not use Ihird porty fundroisers or Professional Fundroising Organisalions UHCW Charity is registered with the Fundraising Regulator and complie5 Wlth the Fundroising Code of Praclice. You can find out more aboul the Fundraising Regulotor ond the Code of Fundraising Practice at www.fundraisin re ulolor.or The Charity Direclor holds Mln51F status with the Chartered Inslilute of Fundraising ICIOFI and hos been an Associate Consultant with the CloF for over 10 years. The Charity is a member of NHS Chorities Together
Our performance The Trustees reviewed the Charity's performonce ogoinst the following slrolegic statements; We will creale sustainable income growth by increasing the number ond value of donalions Income in 202&4 wos £2.148.CCO. higher Ihis year due to an increase in legacy donotions to £1.531,( 2. We will provide gronls for equipment ond focililies etc. that ensure patients receive the very best heolthcare and thal their families are supported £462.C(Q wos given in tolol in gronts 3. We will operate exemplary standards of governance and be open and tronsporenl ot oll times The Chority is registered wilh the Fundraising Regvlalor 4. We will recruit, develop. manage and retain the right people for the Chority One leorn member left ond one person joined us this year 5. We will be o highly recognised local chority thal motivates and supports its people and stakeholders Ihrough effective ond regular communications We hove produced ond sent out regvlar newslellers lo our growing list of 5UPPOrters We olso post regular stories on social media ond send out regular press releases on our work 6. We will generale positive support for Ihe Charity across our NHS Trusts The Charity team h05 worked with the UHCW NHS Trust Chief Executive and key departments. which hos enhanced Ihe standing of the Charity internally and externally. During this year we employed a part-time Mafkeling and Communication5 Officer seconded from the UHCW NHS Trust Communications Team which has helped to promote the Charity internally. Following the end of Ihe secondment. we have replaced the role with freelance support Complaints No complaints were received by the Charity during the year regording its charilable activilies or its fundroising activities Protecting Vulnerable Adults and Chlldren The Chority complies Wlth Ihe Safeguarding processes of the Universily Hospitals Coventry and Warwickshire NHS Trusl and follows Ihe Fundraising Regulator's Code of Fundraising Practice regarding the proteclion of vulnerable adults ond the public from unreasonable intrusion. persistent approach or undue pressure in its fundraising
Plans foT 2024-2025 We will conlinue to raise funds and support palients and their families in the following areos., Maternity Bereavemenf Suite £550.CIXI Plons for a sound-proofed Malernily Bereavement Suile have been developed, so that parents can deliver Iheir slillborn babies in o private, quiel spoce, awoy from the noises and visitors to the main labour words Robotic Surgery £2,000,CK)O UHCW NHS Trust is a notional leoder in robolic surgery. To enhance Ihe training for new robolic surgeons, dual control monilors to allow real lime training across the world is needed, costing opproximately £7W.CIX). as well as on additional slate of the arl robot, costing £ l.(XJO.CX)O ond o specialist surgicol toble, costing £3,(x0. We need your support We are seeking svpport from businesses, Irusls. individuals and the community to raise funds for our appeals. If you would like lo learn more obout our ambitious plans lo svpport University Hospilols Coventry and Warwickshire NHS Trus1 and Coventry and Warwickshire Partnership Trust, and how you con play a part. please contact University Hospitals Covenlry ond Worwickshire Charity at.. uhcwchority@uhcw.nhs.vk You con olso visit our website al: uhcwchorily.org Alternatively, you con contacl Jo O'sullivon, on 02476 966913 or ullivan@uhcw.nhs.uk , or by wriling to.. Jo O'sullivan, Charily Director University Hospital Covenlry and wa1Ckshlre Charity. Moin Reception, Universily Hospltol. Clifford 8ridge Road. Coventry CV2 2DX
Review of the Year University Hospitals Coventry ond Warwickshire Charity raises and distributes funds for University Hospital. Coventry. the Hospilal of St Cross. Rugby ond manoges the funds for the Coventry ond WaNickshire Partnership Trusl The Charity exists to make things belter forour staff. ourpatienls ond their fomilie5, by funding key areas across the Trusts. including: Pioneering medical equipmenl. lo improve diagnosis ond enable new treotments to lake place Improvements to facilities within our hospitols and buildings and in the external environments. lo moke these oreos belter for our patients. their families and our stoff Support ond troining for sloff lo enoble them to provide wortd<lass care for our palients UHCW Charlty Year at a Glance Over Ihe course of 22024. the Charity raised a lolal of £2.148,1Xl). There was a marked increase in legocy bequests The support of generous individuals, businesses, groups and choritable organisalions locally. regionally and nationally, has enabled us lo support University Hospitals Coventry ond WO1¢k$hire NHS Trust ond Ihe Coventry and Warwickshire Partnership Trust. Donalion5 hove been received from individuols including substantial legocie5 and in memoriam, from community groups and from online fundroising events. charitable trusts and foundolions, and from key corporole supporters Income generallon and expendmvre The Charity's sources of income are from legacies, charitable donations ond investment income. During 202&2024. the Charify's income of £2,148.C£Q comprised: Grants received £ 23,COJ Donalions £ 383,1XQ Investment Income £ 166,(XQ Legacies £1.531.C( Trading Charily Events Gifl Aid other Grants Awarded Over the course of 2023-2024. UHCW Charity awarded £462.CKK) in charitable gronls split beeen the University Hospilals Covenlry and Wotwickshire NHS Trusl1£381,IX)01 and the Coventry and Worwickshire Portnership NHS Trust1£81.CMXsi
How You Made Thlngs Better for our Staff Our support for UHCW NHS Trust sloff ocross both hospit05 sltes hos continued this year, including funding for the OSCAS. Ihe Doisy Awards. Theatre Caps. eqvipmenl for staff rest areas and Ramadon pocks The Outstandlng Servlce and Care Awards (OSCAS) £1 0.000 The Charity once again supported Ihe OSCAS lo celebrate the fantastic care given by UHCW stoff ond teams Cowatulote Our DAISY Award Honouree. The DAISY I en This inlernotionol oword is nominated by patien15 who have received outStonding care from a nurse or midwife at UHCW NHS Trust wl Equlpment for Staff Rest Areas Further eqvipmenl lo help slaff enjoy their breaks hos been provided this year Thealre Caps Addilional funding for named theatre caps has ensured Ihal patients and slaff con recognise the names and roles of our Iheatre team
How You Made Things Better for our Patients ultrasound Sconner, £33.500 Maltron Bioscan, £13,000 Reducing the risk of bleeding and A non-invasive monitor that accurately complications for our Cardiology patienls meosures body composition for fluid ossessments for our renal palients WnerisnaJe 51atiG This year we have continued lo fund the two user-friendly wheelchoir stations ol the moin enlrance to University Hospital Coventry and ot the Women's ond Children's entrance. UHCW NHS Trust was the first hospital in the country to install the Wheelshore docking syslem to ollow potients lo use a wheelchair for up to 12 hours. free of charge. and has seen an increase in usoge each month. helping lo make o polient's visil easier by ensuring that a wheelchair is available for Iheir use when they come to the hospital for I their oppointmenls Wall Art for Critical Care Unit. £15.600 17 wolls in the General Criticol Core unit hove been decorated with duroble. high quality landscape mages. which hos a posilive mental heallh impoct on polients. their families and Ihe stoff who care for them. Many of these areos hove no window. leaving palients, who can stay on the unit for as long as a year. feeling disorientoted, onxious ond depressed. The new wallcoverings have already had a positive impact in Ihis very challenging environment Care of the Elderly. Rita Unlt £8.000 The RITA system offers a range of entertainment ond relaxation programme5 for patienls Ihat are unable to move from their bed. Films can be projected onto the ceiling above Ihem, or they can listen lo relaxing music. helping to calm anxious palients ond reducing the numbei of falls Bladder Scanner, £6,000 Our Diabeles and Endocrinology potienls. some of whom are acutely ill and confused. con now be quickly assessed using the new bladder scanner Che,i".: fcr SAV wtJitlp,e oree £70,400 Potienls wailing in our new Surgicol Assessment Unit now have more comfortable chair5 to sil in. often for many hours
How You Made Things Better for our Familles Arts at UHCW £30.000 Arts ol UHCW delivers colourful ort exhibilions. music and crealive sessions for patients and visitors ond is complelely funded by UHCW Charity each yeor. The programme consists of two core elements. using visual orts lo improve the hospitol envronment and participolory arts lo enhance patient wellbeing whilst in our hospitols. The Barefooted Thealre Compony have developed a new project for our children's wards oround the theme of the ocean. turning o child's bed into a boot wilh an immersive slory for Ihe whole family to enjoy. A FOLD DISCOVER They hove also created a sensory suitcase bosed on being in Ihe garden. for ovr older patients al the Hospital of st Cross. "We danced. listened lo birdsong and you lelt me with this beautiful smelling flower. Thank you for my half hour of hoppiness" 4.(JX) of Ihe 4 different art kits have also been produced and supplied lo palients. bedsides across the Trust. free of chorge over the yeor CREATE New Garden Area for the Maple Unll. The new garden orea offers our concer patients and their families a place lo rest and reflecl. beeen treatmenl sessions on the Maple Unit Resources for our Chaplaincy Team £3.620 Our choploins offer spiritual. pasloral and religious wellbeing through skilled. compassionate person- centred care. for our palients, their families, slaff. Voluntee ond student nurses and doclors. They support families focing the dealh of a loved one, as well os our patients who have life-thfealening conditions or who are receiving end of life core
Research Studles Radiology Oncology Research Fellow Fundlng £70.300 Lung cancer is Ihe leading cause of cancer- related dealhs worldwide Iwodd Heollh Organisation June. 20231 It has the highesl mortalily rates among bolh men ond women, and is often diagnosed when the disease is in advanced slages. making it difficult to Ireat. Radiation therapy is often used to lorget and destroy cancer cells. Using high energy radiation beams. the Ireotment is carefully planned in minute detail by our clinical teams and physici51s to reduce the side effects thal patients may experience in Iheir healthy Iissue. UHCW Chority hos olready funded equipment and improvements in facililies for our potienls undergoing radiation Iherapy to make this experience as comfortable and effeclive as possible. Dr Ra5 Shrfmoll, Consullant Cllnlcal Oncologisl. over$eeing Ihe work of Ihe Rodlology Oncology Research Fellow UHCW is one of the leading cenlres for the trealmenl of concer in the West Midlands. We have funded the second year of Ihe post of a dedicated Reseorch Fellow in Radiation Oncology. This posl is the flrst of Ils klnd In the West Mldlands and will conduct original research inlo rodiation treatment and how to make il more effective for lung cancer palients. which will also benelil all Ouf oncology polients being treated with radialiorn theropy. The findings of Ihis 2year study will be shared worldwide. potenliolly having a transformational impact on patienls receiving radiolherapy across the globe. Il's been proven thal being trealed at a research-active centre like University Hospital Coventry, improves the quolily of Irealmenl received. which can resull in better outcomes for palienls. By conducting this research al UHCW. our radiolheropy patients experience could be vostly improved. os well as improving the knowledge and skills of our oncology team for future potients. The high demand for kidney tran5plantS ond the limited numbers of kidneys availoble means that clinicians ore hoving to assess those most likely lo have the lowesl foilure risk and those who would live the longesl. The team have developed a prediction model and are researching a web opplicalion that could aid consultan15 worldwide in this decision making process
Coventry and Warwickshlre Partnership NHS Trust A total of £81,0()J was awarded across the Coventry and Wamickshire Partnership NHS Trusl. Of this £41,C£Q funded the CWPT Choritable Funds Advisor. 21 grants were made for CWPT patienls and slaff. for patient welfare and stoff wellbeing, recognising thal both are essential for achieving posilive outcome5. The charity has supported the provision of new uniforms for Ihe CWPT volunteers, ensuring they are equipped for oll seasons and weather conditions. Our volunleers. often the unsung heroes, serve the Trusl with passion and dedicolion. generously giving their own time. Support ha5 also been extended to colleagues across services, enobling Ihem to attend courses relevonl lo Iheir speciolisms. For example. assistance was provided to o colleague pursuing a master's degree module. Outdoor garden furniture w05 ocquired for slaff based at Newfield House allowing colleagues to enjoy the outdoors during their welfare breoks. Teoms wilhin Community Health and Wellbeing have been oble to enhance the treolment ond support provided to patients by pvrchosing equipment Ihrough charitable funds. This has proven lo be a vital resource during periods where seNices have seen Iheir budgels constrained. Similorly. our Communily Adult Mental Heollh colleagues were able to invesl in sensory loolkits lo supporl polients wilh demenlia. Items lor the sensory toolkits Palienl ilems lor Willowvale Word Charitable funds olso ensured Ihot oll OUT inpatient wards had plenty of party food and gifts for patients during the festive period. In lote summer the Wellbeing festival was held in partnefship with Covenlry City Council in Broadgote Coventry. This is the fourth festival across Coventry and Warwickshire coinciding wilh the end of National Suicide Prevention Week ond World Alzheimer's Doy. under the Iheme 'The Worfd is a Better Ploce with You in It,. The event. supported by 34 organisalions. offered information and support for menlol health and wellbeing. with contributions from CWPT services and the wider mental health community. NHS 75 celebrations took place across the Trust in JU. we collectively roised over £9CQI In the summer of 2024, we will see most services under Communily Health ond Wollbeing transfer from CWPT over to UHCW and we wish our colleogue5 in Ihese setvices all Ihe best and thank Ihem for Iheir support lowards our charitable funds. EMDR Kil - Eye movemenl desensitls0kn.on ond reprocessing IEMDRI Iheropy is o mental health treolmenl technique. Thi5 method involves moving your eyes 0 specific woy while you process troumotic memories. EMDR'S goal is lo help you heal from troumo or other distre$5ing life experiences
Fundraising in 2023-2024 Our amazing supporters have been taking on a variety of charitable activilies for the Charity We continue lo benefit from Ihe kind supporl of our corporate donors, including Band Hatton Button. who held their onnuol ball to raise funds for our Dementia services, raising over £9.2CO Blg Tea - 751h Birthday of the NHS Supporters across the Trust and beyond held Tea ond Cake parlies to celebrate the 751h 8irthday of the NHS and lo raise funds for our wards and departments British Transplanl Games As well os helping to fund the gomes with 0 £25,000 donation. Penguino and our Charily team joined TnJst staff to support the event. raising funds for the Renol Fund
Legacies and In Memory Glving During Ihe year. the Charity was fortunate lo receive legacies totalling £1,531.C(O. These legacies hove made a huge difference lo our patients and their families. Making a future gift lo UHCW Charity is simple to do. eilher when moking your will. or when preparing a codicil (change to your will). All you need lo do is lo slate Ihe Chority nome. University Hospitals Coventry ond Watwickshire Chority and charity number 1165393 and Ihe omount of your bequesl. Gifls can be mode lo specific oreos or departments of the hospitals and will be used in accordance wilh your wishes. Mony families and friends olso chose lo remember a loved one by requesting donolions, in their memory, often in ploce of funeral flowers. We are exlremety grateful lo be remembered especially ot such o difficult time. Trusts and Foundallons Over the course of 2023-2024. the Chority was groleful to receive a total of £23.COJ from Charilable Trusls and Foundation5. 11 you would like lo learn more obout our plons to support University Hospilols Covenlry ond Warwickshire Hospital Trust and Coventry and Warwickshire Partnership Trust. and how you can become involve in fundraising, please contact University Hospital Coventry and Warwickshire Charily ol uhcwchoril @uhcw.nhs.uk You can olso visil our websile al w. h
Financial Review Charlty Balance Sheet as at 31 March 2024 (£'ooo) During the course of the year. Ihe Charity.. received additional funds lolalling £2,148,(JX) from donolions/legocies. fundraising activities and investment income,. spenl £768.OCt), most of which was in Ihe form of grants payable 160.2%) to Ihe University Hospitals Covenlry ond Warwickshire NHS Trust and lo the Covenlry and Warwickshire Portnership NHS Trust., ond recognised on unreolised goin of £273.CrfXI on its inveslmenl assels. The net movemenl in total Charity funds was on increose of £1,653,1)JO compared to the opening funds 0$ ot l st April 2023 - giving a closing balance of £5,325.c as al 31st March 2024. .L)(l> - The majority187%1 of the Charity's funds are classified as unreslricled wilh o yeor-end value of £4,624,0(X) with the bolonce of £701,OW classified as restricted. Charlty Income 2023124 (£'0001 The Charily conlinues lo hold the majority of ts net ossets in the form of inveslmenls in a common investment fund managed by CCLA wilh a value of £3,371.C(()163.3% of net asse151 al 3151 Morch 2024. The Charity also holds cash reserves of £2,710.(KX). bul owes £842,0(J) lo credilors (mainly for grants awarded but not paid over ond olhef operating coslsl. The net cosh ovoiloble ofler meeting these credilors is £1.868.CW135.1% of net asselsl. Charoty Expendlture 2023124 {£'000) The charls opposite provide graphical representotions of the Charily's bolance sheel as al 315t March 2024 ond its income and expendilure foi 2023124: i¥1
structure, Governance and Management University Hospitals Coventry and Warwickshire Charily (the Charityl is an independent Charity. which exists to supporl University Hospitals Coventry and Warwickshire NHS Trusl and Coventry and Warwickshire Portnership NHS Tru51. It is registered with the Chority Commission Iregislered Charity Number 11653931 and is also a company limited by guorantee Iregistered number 99810801. Charllable Objects The objects and powers of the Chority ore set oul in the governing documents submitted to the Chority Commission. As the Chority for Universily Hospitals Coventry and Warwickshire NHS Trust ond Covenlry and Warwickshire Partnership Trust the Chority aims to moke things better for patients, their families and the stoff who Ireat them by providing grants lo: Fund equipment Finance reseorch projects Provide patient ond fami support Fund staff training ond Make healthcare premises friendlier ond more welcoming places All of this is above thal which is provided from slotvlory NHS budgels. A Memorandum of Understanding ond Deed of Understanding between the Charily and University Hospitols Coventry ond Worwickshire NHS Trusl ensures that there is a shared under51onding of how the Charity meets its charitable objects. Board of Trustees The Charily is governed by a Board of Trustees. a majorily of which must be independent of the NHS Trusts which the Charity supports. The Board of UHCW NHS Trust hos Ihe right to nominate 4 Truslees to the Chorily's Boord. Independenl Trustees are recnJited through an open and competitive recruitment process. Truslees serve for an initial persod of three years, which may be renewed for further terms. Page 20 gives a list of current trustees and Ihose who resigned during the yeor. which included the chair, who wos reploced by the two Vice-choirs. The Iruslees also serve as directors of the Company limiled by gvafontee. The Boord meels quarterly, and such other times as may be required to transact the business of the Charity. staff and Volunteer5 The day-to-doy management of Ihe Charity, governance. grant making and fundraising is delegoted to the UHCW Charity Director. sUPPOrted by the Charity team. The UHCW Charily Director provides regular reports to the Trustee Board and meets regularly with the Vice-choirs.
The Charity staff ore supported by two regular volunteers. who together donale an overoge of 6 hours a week. The volunteers a5sisI with administralion and Charity events. Flnanclal responslbllllles The finonciol responsibilities of the Chority are monaged by Ihe Finance Department of Universily Hospitals Coventry and Wawickshire NHS Trust.. including the preporation of monlh-end fund statements and year-end financial accounts,. and quartedy reports lo Ihe Tru51ee Board on the performonce of the inveslmenls, portfolio and financial performance of the Charity. The cost of Ihis SeiCe is re-charged lo the Chority. Fund structure All donations received by the Charity are ollocated lo an oppropriote restricted or unrestricted fund depending upon the donor's wishes. Where there is on express wish of the donor Ihat donations musl only be used for a specific purpose, these ore placed in a restricted fund. However. where the donor expresses a wish or o preference bul without imposing any Irusl. the funds are placed in o designated fund for that purpose or where oppropriote a general purpose5 fund. The Chority olways seeks to spend designaled funds on the purpose for which they were given but reserves the right to use them for alternotive purposes if no suitable use is identified. In oddition to the funds related lo the services provided by University Hospitals Coventry and Worwickshire NHS Trvst, the Charily olso monages all of the charilable funds thot supporl Coventry and Warwickshire Partnership NHS Trust. The funds are overseen by Fund Advisors. The majority of Fund Advisors are key clinicions in the two NHS organisalions and are best oble to odvise the Trustee Board on how Ihe donations can be most effectively spenl. Gfanl maklng pollcy Any staff member can apply for o gront. All grant applicalions musl be supported by a Fund Advisor. A grant request up lo £5.CCQ requires the approvol of the Charity Director. Belween £5,OCX)- £19,999 Ihe approval of Ihe Charity Chair is required ond £20.(J)J and above, applicants are invited lo presenl their case lo a meeting of the Board. whose approval is required. Reserves pollcy The Charity's unreslricted free reserves are held in readily availoble Bank occounls and Investment Funds managed by professional advisers. These funds are avoiloble to be spent on the charitable purposes of Ihe Charity and are not regarded as port of the permanent copilal of the organisation beyond the sum required to comply with this reserves policy. As a grant-giving charity Ihe organisalion's aim 15 Ihot income received by Ihe Chorily should be spent effectively and promplly in accordance wilh the funds. objective5. The Trustees aspire to giving grants to a value each year at least equal to the income received. The corollary of this is thal should charilable income be reduced then there is sufficienl cash in reserves lo continue to award grants ot the current rote for o considerable period of lime.
Therefore. as a reserves policy, the Trustees aim to relain an amount equal lo belween one and two years of operating expendilure, which is predominantly staff salaries ond relaled overheads, before the granl-giving polential is jeopordised. This is o sum of between £3CK).C((J ond £6CQ.IJX). At the current lime unrestricled reserves designated for Ihe general purposes of the Charity omounl to £930,OW 0131 March 2024. In addilion, other unrestricted funds which are designoted Ibul not restricted) for specific purposes totaled £3.694.CXJ). All of these funds are available lo be awarded by woy of charitoble gronts. The Charity held no endowment funds al the slart of Ihe year and nor did it receive or create any during Ihe year. Investmenl pollcy The Board's investment strotegy is lo maximise the level of investmenl income whilsl ot the same time moinloining lor increasingl the capitol investment value of the underlying investmen15 in real terms. Achieving on Oppfopriale balance beeen these objectives requires subjective judgement ond professionol advice which 15 obtained from CCLA. The Chority currenlly invests mainly in the Common Inveslmenl Fund ICOIFI managed by CCLA Investment Management Limited. The Board has also agreed an ethical inveslment policy which precludes investmenls in the direct processing andlor manufaclure of tobacco products or amamenls. as Ihese are not felt lo be in accordance with the Choiity s purposes and objecls. The lotol volue of Ihe inveslment portfolio at 31 March 2024 is £3,371,CKX). Gr055 income from investments is used to help defray operoling costs of the Chority. The Trustees receive quarterly reports on the performance of the investment portfolio ond continue to review the investment 51rategy regulody to ensure Ihol the availoble relum is maximised. Golng concem The Board of Trustees has reviewed UHCW Charity's octivilies, financiol position ond risk management policy together with faclors likely lo affect fvlure development, including the impact of economic uncertainty on volvntary income. The finonciol impoct of coronavirus wa5 cenlrol to these ossessmenls. Our TnJ51ees have concluded thal. with agreed adjustments to our fundraising plans, which include incorporating sociol distancing measures and rescheduling or adopting fundraising events. ond with ongoing finonciol risk monogement, it is reasonable to expect UHCW Charily lo have adequale resovrces to conlinue in operotion for the foreseeable future. Accordingly. the going concern basis of accounting continues to be adopted in preparing Ihe financiol slotements. Avdll Harrison Beale & Owen Limiled have expressed their willingness to continue in office and will be reappointed for Ihe next financial year in accordance with section 487121 of the Componies Act 2006 unless the company receives nolice under section 48811 l of the Companies Act 2006.
Rlsk statemenl During the year. the Board reviews the major risks to which the Charity is exposed. Significant areas of risk for the Charity are falls in fundroising and investmenl income ond high commitmenlg in respect of expenditvre. These risks are further mitigated by the Charity moinlaining a varied investment portfolio which includes wider range investments, narrower ronge investments and bank deposits,. having sufficient cash resources to meet ils immediate commilmenls.. only committing expenditure once resources ore secured: ond by having an octive fvndraising team to generale new addilional resources in the current uncertoin climole. The Boord is olso owore Ihol Ihe Chority needs to sofeguord its credibility os being beneficia110 the local communily ond endeavours lo ensure Ihat the name of the Chority is not linked to any inoppropriote fundraising or similar aclivilies and that its conducl is strictly in accordance with its charitoble objects. charitable law. and the requiremenls of the Charity Commission and the Fundraising Regulalor. Truslee Indemnlty Insurance The Charily purchosed Trustee indemnity insurance during 2023124 which provides cover up to £1 million.
Board of Trustees A list of the trustees who served during the financial year up to the dote of signing is given below.. Llncoln Dawkln (Vlce-chali) Nlck Eastwood (Vlce-chalr) Amrlk Bhabra Tracey Brlgstock Eleonor Deeley (Tham) Adam Dent Mork Eoster Dlieclor of Eslotes. UHCW Independent Independent Chlef Nurslng ¢)fflcer Independent Independent Fomierly Chlel Pharmocljl. UHCW, then Independenl from 310 February 2024 Chlel Stralegy Offlcei, UHCW Consullanl and Cllnlcol leod for Coventry Urgent Treatment Cenlre. appolnled 3151 Februory 2024 Independenl Independent- ieslgned l81h January 2024 Jusllne Rlchards Bllhal Salman Jacqul Staunlon Poula Deas (Chalr)
Statement of Trustees, Responsibilities in Respect of the Trustees, Annual Report and the Financial Statements Under charily law. the Trustees Iwho are also direclors of Ihe Charity for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial stolements for eoch financiol yearwhich show o true ond fair view of the stote of affairs of the Charily and the Charity's excess of income overexpenditure for thot period. The Trustees have elecled lo prepore the finonciol 51olements in occordonce with FRS 102 (the Financial Reporting Slandord opplicable in the UK and Republic of Irelondl. In preparing these financial slatemenls. generally accepted accounting proclice entails that the Truslees.. select suiloble accounting policies and then opply them consislenlly,. make judgements and eslimotes thol ore reosonable and prudent,. stale whether the recommendations of Ihe Stolemenl of Recommended Practice have been followed. subject to any material deportures disclosed ond exploined in the financial stotements: stole whether the financiol stotements comply with the trust deed. subjecl to any material departures disclosed and explained in the financial stalemenls., and prepare the financial statements on the going concern basis unless it is inappropriote to presume that the Charity will conlinue ils activities. The Trustees are required to acl in accordance with the trust deed of the Charity, within the framework of trusl law. They are responsible for keeping proper occovnting records. sufficient lo disclose at any lime, with reasonoble accurocy. the finoncial posilion of the Charily al that time, ond to enoble the Trustees lo ensure that. where any stalemenls of accounts ore prepored by them under Ihe Chorities Act 2011, Ihose slatements of accounts comply wilh the requirements of regulations under that Act. They hove general responsibility for taking such steps as are reasonably open to them to sofeguard the assets of the Charity and to prevent ond detect froud ond olher irregulorities. The Trvsfees are responsible for the mainlenance and integrity of the financial and other information included on the Charily's website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legi51alion in olher jvrisdiclions. Approved by the Boord of Truslees ond signed on its behalf by: Nick Eastwood. Vice Chair of Truslees Lincoln Dawkin, Vic&Chairs of Trustees 301h Oclober 2024
Independent Auditor's Report to the Members of University Hospitals Coventry and Warwickshire Charity for the Year Ended 31 sl March 2024 Oplnlon We have oudited the financiol stotemenls of University Hospitals Covenlry ond Watwickshire Chorily Ilhe 'charilable compony'l for Ihe yeor ended 31 March 2024 which comprise the Slatement of Finonciol Activities. the Bolonce Sheet. the Stalemenl of Cash Flows and notes to the finoncial stalemenls. including a summary of significant accounting policies. The linanciol reporting framework that hos been applied in their preparolion is applicable law and United Kingdom Accounling Standards. including Financial Reporting Slandord 102 "The Finoncial Reporting Standard applicoble in the UK and Republic of Irelond" Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalements: give a true ond fair view ot the stote of Ihe charitable compony's offoirs os 0131 March 2024, and of ils incoming resources and opplicotion of resources. including its income and expenditure, for the yeor Ihen ended: hove been properly prepared in accordonce wilh United Kingdom Generally Accepted Accounting Practice,. ond have been PTepored in occordance with the requirements of the Componies Act 2W6. Basls lor oplnlon We conducted our audil in accordance with Internolionol Stondards on Avdiling IUKI IISAS IUKII ond opplicab1e law. Our responsibilities under those stondards ore further described in the Audilor's responsibilities for the audit ol Ihe linoncial slalemenls section of our report. We ore independent of Ihe charitable company in accordance with the elhicol reqviremenls that ore relevant lo our audit of the financial statements in the UK, including Ihe FRC'5 Ethical Slandard, and we have fulfilled our other ethicol responsibililies in accordance with these requirements. We believe Ihal the audil evidence we have obloined is sufficient ond appropriate lo provide o bosis for our opinion. Concluslons relatlng lo going concem In oudiling the financial stalemenls. we hove concluded Ihol the trustees, use of the going concern basis of accounling in the tKeparalion of Ihe financial statements is appropriate. Based on the work we have performed. we have nol idenlified malerial uncerlainlies reloting to events or conditions thal. individually or collectively. may cost significant doubl on Ihe choritoble company's ability to continue as a going concern for a period of at least Iwelve month5 from when the financial stalemenls ore authorised for issue. Our responsibilities ond Ihe responsibililies of the Irustees with respect to going concern are described in the relevant sections of this report.
Other information The other information comprises the informotion included in the Truslees, Annual Report, other than Ihe financial ssatements and our auditor's report theieon. The truslees are responsible for the olher informalion contained within the Trustees, Annual Report. Our opinion on Ihe financiol stalement5 does not cover Ihe olher information and. except lo the extent olherwise explicitly slated in our report. we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so. considerwhether the other intormotion is materially inconsistent with the finoncial stalemenls or our knowledge obloined in the course of the audit or olherwise appears lo be materially misstoted. If we identify such molerial inconsistencies or apparent maleriol misslolemenls. we ore required lo delermine whether this gives rise lo a malerial misstotemenl in the financiol statements *hemselves. If, bosed on the work we have performed. we conclude thal there is a material misslatement of this other information, we are required to report that facl. We have nothing lo report in this regord. Oplnlons on other matters prescilbed by the Companles Act 2(X)6 In our opinion, based on the work underloken in the course of Ihe audit: the inlormation given in Ihe Trustees. Annuol Reporl lincorporaling the slrategic report and the direclors. feportl for the financial year for which the financial stalemenls ore prepared is consistent wilh the finonciol slotements: and the slrategic report and the directors, report hove been prepared in accordance with opplicoble legal requirements. Matters on whlch we ore requlred lo report by excepHon In Ihe light of our knowledge and understanding of the charitable company ond its environmenl obtained in the course of the audil. we have not idenlified malerial misstalernents in the strategic report and the directots, report. We have nothing to report in respect of the following motters in relation to which the Companies Acl 2C06 requires vs lo report lo you if, in our opinion: adequate occounling records have not been kepl. or returns adequate for our oudil have not been received from bronches nol visited by us: or the financial stalements are not in agreemenl with the accounting records and returns,. or certoin disc105ures of directors. remuneration specified by law are not mode: or we have not received all Ihe information and explanations we require for our audit," or
the Iruslees were nol entitled to prepare the financial slatements in accordance wilh the smoll componies, regime and lake advantage of the small companies, exemptions in preporing the directors, report and from the requirement to prepare a slrategic report. Responslbllitle5 of Irustees A5 exploined more fully in the Trustees, Responsibililies Stotemenl set out on poge 21, the trustees (who ore also the directors of the choritable company for the purposes of company lawl ore responsible lor the preparation of the financial stalemenls and for being sotisfied Ihat they give a true ond foir view. and for such internal control as Ihe Iruslees determine is necessary to enable the preparolion of finonciol slotemenls that are free from material misslotement. whether due lo froud or error. In preparing Ihe financiol 51otements. the tnJstees ore responsible for assessing the charilable company's obility to conlinue 05 0 going concern, disclosing. os opplicoble, motlers related lo going concern and using the going concern bosis of accounting unless the trustees either intend to liqvidale the charitable company or lo ceose operations, or hove no realistic alternotive but to do so. Audltor's responslblllHes for Ihe audll of the flnanclal slalements Our objectives are to obtoin reosonable ossurance aboul whether the financial slalemen15 0$ a whole are free from molerial misstatement, whelher due lo Iroud or error, and lo issue an auditor's reporl Ihol includes our opinion. Reosonable assurance is o high level of assurance. bul is not a guorontee that an audit conducled in accordance wilh ISAS IUKI will always delect a moterial mi55tolemenl when it exists. Misslotements can arise from fraud or error ond ore considered moterial if, individually or in the aggregate. Ihey could reasonably be expected to influence the economic decisions of users laken on the basis of these finonciol stotemenls. Irregularilies, including fraud, are inslonces of non-complionce with lows and regulolions. We design procedures in line wilh our responsibililies, outlined above, lo detect material misstatements in respect of irregvlorities. including fraud. The exlent to which our procedures ore capable of detecting iffegularilies, including fraud is detailed below- The oudit process includes on assessmenl of the entity's risk environmenl. Ihrough enquiry of cnd di5CUS5ion with manogemenl ond those chorged wilh governance, including on ossessment of any key laws and regulolions with which the charilable company must comply in the ordinary course of ils operolions. Additionally, the overall risks of irregular transactions occurring are assessed following our ob5ervalion5 and confirmation of the design ond implemenlation of monagemenl's controls. Whilsl we ore mindful of these risks, our audil focus is geared lowards the risk of material misstatement in the financial stalemenls as a whole. A5 such, our procedures cannot guarantee Ihat all transactions have been fully complionl with all relevanl laws and regulalions. including those regulalions relating to fraud. as our procedures are not designed lo detect all instances of non-compliance. By definilion, the risk of our detection of non-compliance is greater where compliance with o law or regulalion is removed from the evenls and transactions reflected in the financial statements. The risk is also greoler regarding irregularities due to fvovd rother Ihon error, as fraud involve5 intentional concealment. forgery. collusion. omission or misrepresenlotion.
A furlher description of our responsibilities is ovoilable on Ihe Financial Reporting Council, s website al.. htt www.frc.or oudilors audil-assuronce oudilor-s-res onsibilities-for-Ihe- audit-ol-the-fi descri tion-of-lhe-ovditor's-res onsibililie5-for. This description forms port of our auditor's report. Use of our report This report is made solely lo the charitable company's members. os o body, in accordance with Chapter 3 of Parl 16 of the Companies Act 2LK)6. Our audit work hos been underlaken so that we might stale lo Ihe charilable company's members Ihose matters we are required to stole to Ihem in on ouditor's report and for no olher purpose. To Ihe fullest extent permitted by law. we do not occept or ossume responsibility to anyone other than Ihe charitoble company and the charitable company's member5 a5 0 body, for our audit work. for this report, or for the opinions we hove formed. Mark Ashfleld BA FCA (Senlor Slatulory Audltor) For and on behalf of Harrlson Beale & Owen Ilmlted Chortered Accountants and Stalulory Audllor HSghdown House I l Hlghdown Road Leamlngton Spa Wopwlckshlre CV31 IXT Date.. 301h October 2024
UNWERSITY HOSPITALS COVENTRY AND wARwSH1RE cHARy statement of Financial Actiwti•S lincludln9 Income ond Expendilur• Account) for the year ended 31 March 2024 202J24 202W23 Unth r•rlcfyd R•rlctsd Fund• Fund8 Totsi r•fjct•d R•lcte Funds Funds d Funds Total Fund Income from: Ck)nalions and legacies Other tfad1ThJ acliiilies Income from In¥e51menl$ Totsl Income 1.315 45 139 1.499 1.937 45 357 79 93 79 93 27 2.148 Expèndltur• on.. Raisiro funds Chanlable actiiilies.. Patient lfare and arneniliÉs siaft wdfaw and amenities R8sear¢h Total •xpgndltur¢ 11311 11031 11031 13821 11581 131 674 191 {391) 12431 131 1768 15541 1871 1561 13251 121 18791 1891 1561 1.127 1327 Nèi Incornelloxpéndltur•l b•for• galnpjllowsl on invetthients 825 555 12711 13181 15891 Unrealis1 nel gainsllloss851 on InlMtS Trarnsfets betww lunds Net In¢om•ll•xpondltur•} M0m•nt In fund• 15.1 21 273 273 11281 11281 sss 1.653 318 717 R•eonclliatlon ol Funds To181 Funds brought foNrfard * 1 AFfflI 3.526 3.672 3.ty25 Total Fundscarrled forward at 31 Mareh 4,624 701 5,325 3,526 146 3,672 The rrt)le5 on pages 29 to 41 kmm part of th'5 CCrtJrl. UnlvÈrgty Ho¥Jilals Cov¢ntry and warn1¢klM Charity Reglstered Company Numb•r.' 09981080 Regi*red Charlty Numb•r.' 1165393 26
UNIVERSITY HOSPJTALS COVENTRY AW WARWICKSHIRE CHARITY Balanc• S+1 as at 31 March 2024 As at 31 March 2024 As at 31 March 2023 Un. Totsl rgicted R8rietod Funds Funds Funds £000 £000 £000" r•rlct•d R•rlct•d Funds Funds £ooo' Total Funds £000 Flx8d Ass8ts InlMentS 15 3.371 3.371 3,098 Total Flx•d 3,371 3.371 3.098 3,098 Curr•nt Agowts Stocks Debtors Cash and cash equilent$ Total CurT•nt 16 17 18 31 25 31 25 1.093 1,149 52 1.879 1,965 2.710 2.796 291 291 831 858 Credilors". Amounts falliro due knilhin ¢y* yèar Total Current Uabllltl•• 19 17121 712 IB421 842 14301 430 11451 145 15751 575 130 N•t Curr•nt A••tsl IUabllltl••) 1.253 701 1.954 428 $74 Totsl l•• Curr•nt UJblllll•• 4.624 701 5.325 3.672 N•¢ A16 4,624 701 5,325 3,$26 146 3.672 The Funds Of th¢ Charlty: Rèstrictèd Income lunds Unrasirictèd Income fuThJs Total Ch•rlty Fund¥ 701 701 4,624 5.325 146 3,526 3,672 4.624 A.624 3.526 3.526 701 The financial stateynenls larKI supportin9 to statemwrtsl pw 26 to 41 wem appro¥pJ by Ihe Board of Twslees Sign&J.. Name5.' Nick E x)d Lincc4n I)alV1 Ivice Chairn of Trustees} Trdle.. 30th October 2024 Unlv6rslty Hwitals Coventy and Wanvickthirn Charlty Regi&ered Company Numl)¢r.' 09981040 R•gi&ered Charity Number.. 1165393 27
UNThIERSITY HoSPALs COVENTRY AND WARWUSHIRE CHARITY ststernent of Cath Flowsfor the year énded 31 March 2024 Not• Totsl 2023124 £000 Total 202Z123 £000 Cath Ilowsfrom operating actlvlll¢s N•t cagh provided by lud Inl op•ratlng a¢fj¥ltb•¥ 20 1.451 1561 Cath flowjfrorn Inv•aSng actlvldes tlmdends. Inlerests and ren15 from IntMtt9 Nèt ea8h proYld•d by lud Inl Invethng ac1011•s 166 93 93 Chang• In calh and cath •qulval•nts Sn IM r•pordng p•rfod 1.617 37 Cath and cath •quival•nts Jt the gInnIng of th• r•porting pwrlod 1.093 1,056 Cath ¥nd ca*h •qulval•ntsat th• •nd of th• r•porflng p8rSod 2.710 1.093 28
UNNeRYTr )SpITAL$ ¢oveNTrY ANO WARWICKSHIRE No¢•sto th• Iln•nclal slol•Thnts th• ywr •nd•d 31 IA•r¢i¥ 2024 Aecounlng Poll¢h¥ Ch•rny Inlorm•Uon UniwNty k)prtali Cowrtry W•k•hir• Chty Ch•rflyl (• • Ch•thy r•ylst•r•d Ind Wa8 (Chaffly ntsr 1165393) and a knit•d by guarnnt••. wtht•r•d th Engn & Wol (ClPanY numb•r 0998tO8Oh dk• and rlx• 01b+A4$ * Lkniwrnfty Ho¥prt41. ciiikni 8rtd9• Rttad. Cr•Ahtry. CV2 2DX its pnnewl aeiNty m&• th4$ b•i¢•r IN Palfi. th•ir tsmlts•> th• aff tr••l tM )y prowdry •Jnarwa wtyh•ii. r•s••rth •M th• Imw¢•nt •tr m•k•5 lh• ¢w• 0 sp•cwl Ac¢ounlr4J connI10Th •) ol Pr•p•r•llon crtty ¢onslrtut•¥ a public b•n•ll wtrty • d•lrd ty FRS 102. •xc•Nion olinTrlI whh •r• 41 f•k Tr• Ill•n¢1 •i•m•rns t••n in th• siathm•rn R•¢¢•nd10 Pr•¢ii¢• A¢¢oiiiiir •rrf R•portinq by C•$ pr•pMw t1 accouml In x¢¢xd•nc• wt¢b th• FIMnc1 R•porting Si•4rd •pPUc th• IM W R•publk cl It•land IFRS 1021 1•0 on 16 JY 2014. lh• A¢1 2011 arnj UK G•n•rtHy A¢¢rf4•a Pm¢i¢• $1 •PF4M• l JaN•ry 2015. bl adno Conc•rn Tr• INits•# eonihJ•r th•r• •rn no m•rtd wK•rt•iTrb•S W+• chty• ablllty kn ¢tinU• a gong eort•m In r•#hity Ihli th• Iruii•n SF•¢ffieiy tonI•r•d In• etsrr•ni UK •¢Mthmlc lIKI lh• rnc•ni %vanrt¢•nt n5• th lh• Cmt of Ii%if41 r•f•r•r%• to lh• Imp¢¢i ort Ip<tym•. wani wu•#lJ. 4Yp•ndrtur• CLYnmttm•nN Imainiy it•fang1 ana th• lu• ollh• cTh•My¥ In•nI$ Th• trusi••• b•U• tr1 IM c1Y hoi rn••wi lo m••1 Tr• CMnty ha¥• pro¥d•d 9ood r•turr4 ¢raU wllh a mth ddlTrAd•nd yldtti •nd ion9 t•m f wial gromh. Tr ¢¥Jital olth• InmlS h•$ irKr••¥•J w th• 18Sl yr and conllnu ta luetuit•. IM Irust•tt I1 lh• ¢•ih 1••• tt•K1 w IM carty m••n thol thi•• itsmmts ncrf n••d io b• diw••d ol th• fryM••ity• lJtur• Finly. 4WJfd•# •r4 fully In th• rftrh• Cthorty aThJ b• rfth•r• • a1•. Trnnsl•r ol •wl•froffl UrAv•rtty Hryltsl¥ Cov•nty•nd W•ckl• Trurt eh•rlty ITh Mweh 2014. IM crfH••Nh pu¥hW 4 P•P•f •rt T<• olth• rngul•Uon 4 gowrnon¢• ol NHS Eh•fftkn¥". NKS thw•$ with t1 OPllon w v•n¥f•rth•lr •ii•ts to n•w wmly 1ndw9 ¢h•rilkn• r•wLat•a lol ty th• Cknorhty Canmlmlth. Th• lrrtY HPtt•L% cts NHS T1 io ¢¢nwrt lis Ilnk•d chally. VnN•rwty Cowrtry W WwitkJhh NHS Tnjst Ch•rtty. lo ird•p•iioint sta% by th• crna¢ ofjn •niir•y otynisaum th• Cowlry •na Cthartty. 11 w•$ tyr••d by 8'D••J ofUThJ•istaNW Ih•i tm Unlwr5ity HPall CfrAntry and wa1¢kIblr• NHS TNit Cthamy wtyjd I$1r all ol rte l•nd Il)U1ts•51 to th• r9dlY Hcph•ls Cownty •na wamkS1r• CW on lil AWH 2016. strur• olFun Whw• IhqA s a *al mtrictvJTr M th• puw• Ixa¢h a ffl•y t• us•d. th• Is th• sthi•m•Trts •¥ • wirtt•d FuA1s the ea#W Is to genwalo ¢lrt• pw>os•s aThJ Cam rtMlfb• w•ni W• •¢¢ow•4 ft¢ o •rkn•ffl nds. Tr* Cknrly n(4 hth• •ny su2h knnds. 29
iINWERSITY HOSPtTALS COVENTrY AND WARWUSHIRE CHARITY Notss to tho Itnancial &atsmenlsfor th• year ended 31 Marth 2024 {continuedl Other funds are classifi&Y a5 unresincted hJThYs aThY I1Je ftjrxls vthich e n(A l&Jally reslncted but whch thè trustee has chosen to èannk fiy set puwes (designat fvr¥tsl. The Major fijnds Fwd as resIncl we discl(tswJ in rnte 22.2. aThY tl)se Ihat are Unrestrict but d8SIgnat a in Th)te 22.3. Ineomlng R•Ur¢• al G•n•r•l All Incoming resource5 we irtluded in fijl in Statemwrt of Finxial ActtieS as 85 t IlwiThJ three fact5 ca) bè mot." il entitlernt . anses a partIcal resowce is fx t Charity's rigm beccrfnes legally enforce8blg', ill high wobability - It is mcrfe likdy lh r1 Ihai the inccmir¥J rosc wtll b8 w&Ked', iiil measurement- wh8n thg monelary Oft iwmiwJ can be measur•J sUfficit rdiability.. bl L•gaclo# Legacies are ac¢ounl1 as i(111j fe50W¢66 rdpl tho rKdpl d Ihe lejxy becomes Pfcthble. The rec•pl of a lega¢y is probable when". il The repre$tati ol the 851aias ha ccrfrm&J that wknle ha5 9rani•d ill It has bn asc•1ain•Y by the eX{rt5 Ihai suffici1 aSSS ara alIable in the &8tate to 41 iiil Al conditions atthOd lo Il ha¥e be mth (Y ars wilhin th8 Con1r of tha Chanty. there 15 uncertainly as 10 th8 amounl ol Ihe l&Jacy il cwTh)t be rdiatyy estimat th th8 IwJacy is as a contiwt asset (note 241 unlil al of wKliti(ms incmio r8c(yJnilH)n arè met. R•UrG•S E¥p•nd•d •) G•noral All expenditure 15 accryIntl tr on an &cnJals basis aThJ has Classifi under headiryJs thèi 8yJrJaie all cosis rdated 10 each Cate of expense shc in the Statwnwrt of Finar181 Acli¥ilies. Expenditure Is recc¥)NsJ Ihe cnlena a met. il Thwe is a preswl Ial or conslnKli¥e 019a1$ 1¢1 frtTh a pasi theni ill tt is Iikdy thw rYJl that a traf1 of ben8fils (usually a &45h payménii will be r8quir8d in se111t iiil The am(KJnt cl the cA)ligalion ¢an be mÈasured Èsttmaied rdiably. cowable VAT Ss chwggJ catgyy ol resowces expe11 f¢x %w'ch it w&8 IUrred. bl Grants payable Grants payable are paymenls made to t'r parties 111J1j WS bCJi) in the fvrtherae of tha charita& ob14cli ol the fLwNls hdd on trlst. pnmarity rdief cl th)se are sick. Grant payments we 85 expdItre when ¢rThlitior6 Ay Iher payrnw ha been mel lx where there is a con51ni¢il ¢Wigation to makè a payment. A constDJctiNe cJligation arises Wh Ihe Charily." l} Has communicateo ils intwttion lo a grart to a has a reasonable 8XP8Ct8tion that they wll rece a grdn¢ ill Ha5 a public armuncnen1 knjt a CmmItM8n1 wthich is mwj) for t rlPlent to hale a T8a50nable eXlati that tlw wll re•e a grant iii} Ha5 eslabli5trBd a pattem of tICe lch irKh'cat85 to the 1p1 that it will its commiiment. The Iwstee5 hake control w the arnwrt arf timsThJ of grdnt payrnwrts and conSeqU11Y whwe approKg1 ha5 been gi¥en by the twstee5 ofthe critwa h W me¢ a liatm'lity is reccwised. Grants a Itsually aWarj wth c¢)Iditior6 attackej. HTh¥thv. when th are then Conditio ha* to bè met befiTh the liatv.lity is rwThsed. 30
UNWERsrrY HOSPITALS COVENTRY AND wARWKSHmIE CHARITY Notss to thg fina11 •lJtsm•nts for th¢ y••r •ndod 31 Mareh 2024 leontlnu•dl Wwe an intiC has coMmLnat, tha) Th) explitL¥e is fwniS trNJt an appropriate designaiion is made in the apprwriate fu. If a grant has been Offe but thwe is urtertainty as to whether it wll bè c8pted c¥ whdhw ccNJiliorts wll be met th rKJ liability is reC(yJn15 but 3 conting8nl IiatM"Iity Is disc105wJ. c) Allocatlon of ov•th•ad and wpport eos SuPrt costs are I)se costs %thich rt• Th)t rd&e dillY to a siryle actiiity. fsè irKlude staff casts. adminlsiraii exper60s. fina aThJ ntIr& Sl¢e$. IntpJn and 8xtwnal audit COSIS and IT systems1sjp. Supr(¥l costs ha4e apwticffted bel ft1rdisI1YJ ¢ost$ and chariiablè xtiwties on an 4)Kxopnatg basis aThJ are ¥lys&j in te 11. dl Fund ra195ng CO The costs of g311r9 lunds casts atlritArt&e Io 9WlWatirwJ InCe tr Ihtr Charily ano include slaff exe5 relat to fvxKlrasirg Xtiiili8s and kns 'd to exlemal raiSIng •SL¥S. Fundr4siThJ ccK%is ex¢ludg ca8ts incWl in dtakia chwi18te acliiitles aThJ the costs irrEd in UfrtakI1vj trnJirKJ %li%iti6s in fUrthe ol the Charily's obj1$. Costs of the Charity's in¥8$iml mantyers arè met from t •rtmlS WKI we Syatdy identifiable and a Tr)t Irwet) rOre as fvmdraisirg c1$. •) Ch•rltabl• aetlvlll•s Costs ol ¢h¥riiabl aclimties comwse all c(61s incurr&J in Ihe puTruil ol the chantabla objects of ttr Charity These c(xslS, vhclly attnbutable. we aprx)rtiowJ tetwgen lh• calw"e5 of charitable expw%liturè in ajd11 10 the direct cc61s The total costs of each catay)ry of ¢tabl• expditUrn therekne Ir1le suppm ¢t$. as In 8. Flxgd A•wts al Flx•d Aswt Inveslmenlg Fixed asset nlMentS are Irtily rwiisJ at It"r IrarotiCffi ue subsequently m8asured at Ih&r tsir wlue (market a5 at balaxe sheet date. The siaiemenl of FinarKial Acti1195 Inclith lh¢ rnt ga'ns aThJ thses t)n MgluiM ¢Jisposa15 throUgul the year. OLh)led stwks shwes * irtlLthJ ¢n thè bace sheel al MKI-Maal price. ex4jitsidd', and olhw in¥eslrnwl fixwl aSSd5 arè i1Je at the TrLLslee's best Éslimate of market Ye. The main f(ffii of fir181 nsk fac1 by Chanly is that of )Iati11tY in eouly markets and inlMlt rnarkels du8 to wdar Kmi¢ ¢(01t1$. the altilLKle ol InlOr$ lo inlMan1 Ask. aThJ chwoes in 5erlimprt coric6mir¥J w]Llties wslh"n wticular SlOrS or sub sect(Ys. Fvrttr Infv)miatKn (m cwty's inkeslrnwrts be fr)und al le 15. othof A8•1ts and Llablllfjes a} Stocks St(Kks are Stat at the low ofcosl. usir¥J the first in first Lxrt m•w. and net wlisable le (estimat1 58lling wce less costs to cornete arml 5dl). b} Debtors Ckbtors amwnts to Chwrty. we m8asurwJ on th& basi8 d Ih'r rÈctherable amount ¢) Ca and Ca Equivalents Cash at bank and in Is held lo meet t day io day nMiThJ cosls d Ihe Charity as they fall due. C&%h a shcKi trn. ghty liquid 1rTrestMt5. usualy in day Th)tice interest bearirYJ sa41r accthmts. 31
VNWERS1TY HOSPtrALS COVENTrY WARWKXSHIRE CFLARITY Notes to th• financlal slatementsfor the y•ar ended 31 March 2024 {contlnu•dl d} Cr•dltor8 Cre(Jitor5 aré am(yJnts cthvj ty Ch•ty. Tfw are measur1 at ltynt that the Charity expecls to haNe lo pay lo settle thè dttl. Am(xwrts wlxch wp in more tW a yoar are shjvn as kJng tem) cWilor5. Realld Galns and Low• All gains and losses a tak 10 tha Statwnert of Fin101 AciiMt188 as tw arise aThJ are calculated as bIl(Y.. 11 Realised gainsllcK85e5.' diff& belw sales prrxeBds arn1 ¢w"ro ¢Ir0 (purchase date il laiwl ill Unrealiswl gains11SeS". belw tl markd u8 al tha y•ar 8nd aThJ cpening canying wr¢hase dale rf lalwl Stsffln9lP¢ndon• The Charity dillY employs all of its staff. th payrdl &Yrninislriw wtsourcad 10 TGFP. The Charity wales a wcace per6ion 5chwne lThe Pg¥le's Pgr6i¢)nl maged ty Pe'S Partnwship Ilormerty B8CE Fbldings Ll¢Jl tr 115 Staff Tho s¢18 Is a defiwj ¢ribut schwne, 1.11 ountln9 Judym•nts and K•y A•wmplon• There afe no significanl jwjwenls th manwwi has made in pftx6ss ofapplying the ChantY &countif¥J wJici¢s. There are no key 8s$umplicYts eoncwThng tho fijtwe. rv othw key sowc85 of e51imatw urtwtainly which ha¥e a signthc)t nsk c4 causiThJ a matenal &Jjustmwrt lo tts ¢aryirg •nounls ol assets an¢J liabilities vathin th8 n8xI rwtro penod R•lat•d Party Transactlon• Under th8 Charityb Articlw of AsKtialw. lthivsity Fh)spilals CAvry and Warwickshire NWS Trust IUHCW NHS Trusll has Ihe nght lo apwnl to fixw per5W6 lo be a ltOr1¢rsIee of the Charity al any g timg. Chjnng th8 year. dirtCs1lrV5¢eeS ofthe CW"ty were ltCS employees of UHCW NHS Trust, all1m)u thrwlNJul the year reprted less than 50% d Ihe di(S/{rU$1S ofthe Chanly. UHCW NHS Trus1 lanil ils patIt$> is rnan t1•I¢lY d w4)t$ made by tl Chy ¥thh lotalled £3B1,035 in 2W23l24{£813,e in 2U221231. In adition, the Q)¥enlry arnj WaMck5hire Patnship WS Tnt5t ICWPT NHS TntI, wllch itsdf is classified as a rdaled party to UKW NHS Trttst aso granls dr¥j 202Y24 t01allir £80.698 1£31.745 in 20221231. h dilion to rnakiro grdrts to UFfW NHS T[St. t1 Chwty also Fc£ure5 finarKial accounlirrtj and sr(t 58r¥ice5 frorn that oryaTh5ation at a cc6t 01 £28.016 Ir111r0 VAT in 202J241£28.016 in 20221231. As at 31st March 2024. the sum of £722.eA)51£511.372 a5 at 31st March 20231 was lo UHCW NHS Trust in reSpt crf grants award&1 b(rt no¢ paid. anil othw costs One ofthe th"tY Tntstees is thè (rf Ltd. sw¥ic85 C(xnp¥ry th vthich the ty has spwt £1,227 kn tr suNxJrt sthlc8S. A daughter of the Charity's most sr oyee has Und&tak marteiirwlundraising swc¥t th lon a sdf-employed basis) fc¥ the Charrty vttmch trw fftre paid è ioial (rf£8.2(X) in 2023124. Other Ihan the transaclw6 surnrnarisI abw. durirg the year re ol truslees or Mbe13 of the key management staff Cf parties relat to ha8 uTrJertaken ¥ry Mat31 IrarsadKmS the (Janly. 32
UNWERSIIY HOSPITALS cOvEy A wARWKsH1RE CHARITY Notssto th• financlal atym•rtts lor thg y•ar ended 31 March 2024 (ConnOl Analy$ ol Incom• from DonJllons•nd L•9a¢i?s Unr•iet•d R•drfet•d Funds Funds £ooo' £000" 369 14 Totsl 2023124 £000 Total 2022123 LaCleS Grants 1,$31 23 1.937 148 22 622 1,315 366 . t))nat •rlUde monies frci) palienis. staff. membws of tts public arK> ranIS8t)nS through Urtsle11 donalions oyleclion tx8$. - Grants include MleS IrcTh athicatlcns to gr• 9IiThJ irusi$ and fr)uThlations. Analyds of Incom• from Oth•r Tradlng Actlvltl•• Unf•irt•d R•rl¢t•d Fund8 Funds £000" £ooo' 19 Total 2023124 £000 19 11 Totsl 202W23 Tradsr Chanly Enls Games of Chance Gift Ai¢ SKSClip Inccffle 15 45 45 79 . Tr&Jir4J is Ihe sae (4 I1jIr$'. it$ purchas for re581é lincluding refreshmenlsl". and donal& g($ retwlw5 aThl Chanly SUPPLKts - Chanly a%enls irtlvJ6 MleS Irrm luTr1raTrsir& ewls (xganisJ by Chanty or its agents, - Gtn aid on SKK)rK%orslpp Is gift aid claimed on Chanly aThJ the salè ol donated goods. Rol• of Volunte•r• Vdunlews SWF#yI the Chan'ty by assislirvd Wlith a riety of administrn1l fLyJrdisirKJ tasks IrKludirg cffjce duttes countiNJ cash. GrJ% Incom• From In¥gm¢nts Unreicted R•ricted Funds Funds £ooo' Totsl 2023124 Total 2022123 £000 82 Fix&1 asset equily aThJ similar imeslrnenls ShLYi tem InsiMen1S cash rfft derxisrt 82 57 139 27 27 166 93 Analy4s of Exp¢nd1e on Raising Funds Unrericted R•ict•d Funds Funds £ooo' 74 Total 2023124 £000" 74 Total 2022123 £000 67 Fundrais1r office FuTrJraksiry FundfasiTrJ slt ahice 57 131 57 131 103 33
urrtv
UNIVERSITY HOSPITALS COVENTRY AND wARWKsHRE CHARryY
Notss lo the financl¥l atem•ntsfor the y•ar •nd•d 31 Illareh 2024 Icontlnuedl
AnalyJ of Charbtablo E¥wndlttr•
The Chaiily did nol undertake ary direcl ch•tablè xtimties C ils CA duriNJ thè yw. Al
of the charitae ex1t¢e wa5 in frjm frJn(JiTrJ.
The maionty of gtsnis wtre made lo Ur¥wsity talS CA)¥eniry aThJ w¥Wckshi NHS Tr¢
and thè Cthentry and WaMck5hire Partnwship NHS Trusl
Grants
Fund•d
2021124
Support
Costs
2023124
£ooo'
107
67
Totsl
Totsl
2023124
£ooo'
391
243
2022123
£000
879
89
Patients wdlare arnenities
Staff lfa arnwHti6S
Rese
176
462
175
837
1,024
Paii•)ts arn1 arn8rMt68s ir1j88 ardS wJupMrt used in diwl patiwrt trement
Analyas ol Grants
The Charity N)1 make 9rants lo iThliMduas. All gants are paid lo NHS c191$at crf dher
Ixgariisations in furtharancè ol the chaftlable CO111.
The Iruslees otwate a sclwne of ddwion th8 MaIltY olknds under wthich knd ad%isor&
manage éxpxlilurè frcfft t fijnds In e0rdar wlh l¢lance approwj by the tfustees.
Grants Numb•r
Fund•d of Grants
202J124
2023124
£000
381
81
Uniwsity Hosplals Cthenlry and WaNcksh1 WS Tnjst
Cotry an¢J Wamckshire Partnership Tr1
r orwsations
114
26
462
140
10
m0M•n Sn Fundong Commitm•nts
The tablè bd¢y44 ardY5 m¢)wiwft in wnmilmen15 the year.
Current 14on
UNThIERStTY HOSPITALS COVEKfRY AND WARWUSHIRE CHARITY Notssto th• Ilnanelal at•m•ntsfor th• y•ar •nd•d 31 Mafth 2024 {COnndI 11 AllocalSon of Support CoJ and 0ad supp and 0ead costs InclLK18 g¥mMar aThJ a1ministrntThe costs bul exclude the di1 c(61s dthJThjfaiSi actil4lies. Go¥emarrR costs we Ihose c0515 th'ch retsaie to ItrE St¢ 3rwJ day lo day manwJemwt ol a chanty. Supwt and linclLJir¥J costs are akncated lo actiiilies (grant giiirs and fundraisir4Jl on the followiTrJ basis". al Gowance ¢0515 are aprrt)rtiowl fvrKlraisin9 tIMli8s and chantable tI¥ll1e$ in propry11 lo the direcl c0515 of wts award fvndraisiNJ costs irturr bl thts rdaiir¥J to Ihè MirNsirntbL d grants ar chw io chantable actiwlies bas&J up an &slimaie c4 timè spani. Costs are apportKeo direclly to Ihe apwwate 8ctiiily possibl8, othAs0 they We apportiwl apmai¢ basis la.g. limo s>wnti Estirnaled actlmly costs we charged lo hJnds a rntY basis tia51 upon the lutr of grants varded aThJ Income fid. balae of support arKJ I)83d Iincluding costs we appytKrnJ bas&Y u[ balances. Ralang Funds Charitable ActIvIe8 £ooo' Total 2023124 £ooo' 10 127 28 32 197 Totsl 202W23 £000 10 Expendilura 112 Tima 27 Time 14 Expandilure 163 Exlemal ailil Charily learn Finance team (Xher ctst$ Totsl 12 115 24 28 175 Unr•lctsd R•lci•d Funds Funds Total 2023124 £000 22 175 197 Totsl 2022123 £000 Raising funds Charitable actimlies 175 197 163 12 Trust•• Remuneratlon. Benefits Jnd Expon•$ J rwnurwalion. tsls ex8$ V+W8 paye to Chanty InJst88s in 202312412022123 See 2 frx rdat•l party trts¥ti(x)s. 35
UMVERSIIY PDSHTALS COVENT AND wAImI$RE CW4RnY P4ot•lo th• fina111 stht•m•ntstsr • s•r •nd•d J1 M•rch X24 l¢oniJNdl AMlya¥ ofstaft Co¥•nd R•Trww•lon of K•y IA•n•g•m•nl P•rn)nn 20224 2022r23 S•¢oM•d •J•ncy ¥tr S•l•rf•J efid Idlr•cty S¢¢l•l s•eurtty cc•t• Othr p•rnloft cobt¥ Tot•1 10 12 20$ 12 10 178 Af•g• rf•mplty•tt Ih••Jciwrti Th• nurnt•r ol •mW¢yws ¥knc•• r•mth•r•#on b•rlt• fKrt •x¢hONJ wnpby•r pvrtion ¢onirbbu#¢Th •mpl)y•r•L •¢wly ¢Mtsi •x¢••a•d t4m". Sal•ry Blnd £70.WI- W.OflJ £80.DJI - C.0[#? 14 Audltof8 Il•rnun•rn¥on 202Jrn4 2022Q3 TrAI •udll4)fg rnmurw•lkn ts lh• y••r {W¢lW VAnw•• 7.950 Plx•d A¥w¢ Inl•nI# 15.1 Mo¥•ffl•nt kn Plx•d A••t In¥•thwnts 202Y24 2022r23 Op•nkng bol•nc• ILHCW TnMI Chlffly Add. addtlen to kn1•1• •1 L••i.' dl•pc••li wlu• A¢ld.' n•t gN(l¥1 rU01 MrK•t V•lv• •t 31 h••i¢ 273 3.371 3.0 Flx•d Inw•¥kn•nttby T>p• 2OU24 Xt22123 CCLA CA)tF. Inmtm•nt FWKI CCLA CnlF. FLY•d thl•rn•t FurKI Tottl 3.079 2.820 279 3,371 Th• CCLA COIF- knwim•it Fwl Is • 1m•t kntm•ht mar•9•d by CCLA vthch equrtkns Infrn¥lructw• •rwl Op•ralky A>8•ts UK Eq1& Flx•J knt•rttt aThl ChIr oth•r &5.55% 9.41% 6.63% 9.8Y Th• CCLA COIF- FtrK•d Irt&t Fw#J ( a knwBtm•At instsm•r•l miW tyy CCLA l¢h Thas • MIX p1thtylrt .th• •ybJ8 ••1 aMctatKM at 31 Marth 2CQ4 tfitkth.. Cgrpor41• Bonds and Olh 64.38% O¥•rs•as G0ment 8er 31.14% UK Gowmm•rt C•8NNw Cash 36
harity UNIVERSIIY trDSPITALS COVENTRY ANO WARWICKSHIRE CMRITY th• ilnanclal sii••m•nis r th• y•ar •nd 31 2024 l¢ontlnu•dl 11 Totsl at 31 IA•rch 2024 M•rch 2023 Pintsh•d goooty Total s)ck 31 31 Fhh•d goc% knr••l• • nwnb•r ol li)ts c¢Ch•my bMd•d Pr¢ (such t-itti, c• masks. mugs •tc.i. ol iirk ar• g•Mr•Uy ¥ ts Mk•. • sm¥ yoportbn i• •Y tr•• ol ch•rg• l)r pr01¢y$0mK•ry pw•s. Sioek rff L¥nM•¢l u 4n xp•ns• ¢Mt i¥ixiiatlJrlrnW•tlry1 durlNJ th• y•ar E6.OX1£4.rtsJ th 202¥231. 17 Total •t 31 •h 2021 Yot•l •t 31 •rch 2023 Arn£1 du• y••r. Amourts by UHCW NHS ThMI Pr•pllyThMIA Ac¢vAd Toial d•bk) 51 24 25 of Clth and C•h Iwlwl•n¢• Yot•l •t 31 M•r¢h 2024 Totsl •¢ J1 M•r¢h 2023 £000 h In h•ThJ 4t bk Tot•1 •Th1 ¢4th •qulwl•nts 2.710 2.710 1.093 1• Tot•1 •1 J1 M•rch 202A 7ot•l 4t JI IA•rch 2023 £000 AMthS famiry du• 1•rth or y••r". AmtyJrt8 v•d to UHCW NHS Tw¥l" olr Trad• Cr•¢nor¥ T4Y•lv)n •nd SUIrty Oth•r p•n¥iw costs Accru¥s O•hff•d th¢>m• Accru¥s •)rgrw15 Y•.. Tot•1 u•thtorn 14 10 550 575 ' Ihw• sun• r•tsl• tolrw<• st£h arJ oth•rsmi¢•s UKW NHS Trust. "" gr•ts r•1• to sums •ward•J tr•Ji not P4bJ tg LWCW WIS T1 CWPT ¥t. Grlrts •• nem••y p•NI Ofto benett[ upon r•¢•V ofan irtKéc• and •Wd•nc• th• •xPdrt• 37
UNIVERSITY HOsPALs COVEMfRY WARWUSHIRE CFk4RrrY Notes to the financlal at•m•ntsfor tho y•ar •nded 31 Mjrch 2024 IntInu•> Reconclllatlon of net Inme l {exndItUT•) to net cath flow from op•ratlng Jctbvitl• 2023124 202W23 £000 15891 N•t Ineomell•xpendllurel for 2022123 la• p•r th• stst•ment of Financlal Attivlll• Adju¥lm•ntsfor'. '¥id£nd5. Inieresls and rttS frryn in¥esim£nls IGainsyLosses on In¥eslrnwls llncreas8ydeca$e In s¢ock5 llncreaseydrea5è In debtc Increas&ldecr8asel in cr8drtors cash pmided by inl o)watirvJ tillI18s 11e61 1931 131 1271 267 1.451 257 365 21 Tranrf•rs Betwoen Fund• Transfws fijnds usually cLur Vkn •Jii5ry5 thlity 5ep¥dte ftmds wAlh similar Lti¥S. an(J Ihose thJnd$ ¢wld 1>)tentlIY be rnerpj inlo 22 Analyls of Fund ?2.1 R¢on¢lll•tlon ol Totsl Fund m0m•ts 202J24 Ini¢r-Fynd Gfi Inwn• Exp•n¢ltur• TT•n•hr• B•l•n¢• £ooo' £ooo' 649 1.499 2.148 £ooo' £ooo' £000 701 4.624 5.325 Reslrfcled funds Vnreslricial Total 1941 16741 273 273 3.672 ?2.2 Analy9 ol R•rfct•d Funds m0M•nts 2023124 Int•r4ufid and bm In¢omo F4•ntll¢ui• Tr•n•l•r Lo$•i Balan¢ ¢lf £000 520 77 51 53 701 Name of FUTKI fkxlor & Nurse Trainirg Fu R656 CWPT Staff Wdlba"r#J Flmd R997 UHCW Staff Wellbero FuThJ A9yreJale Otr £ooo' 571 £ooo' £ooo' 1511 43 19 146 10 121 iy)I Total D•rSption ol Nature and Purp¢y of Fund To supFx)rt the trainiro army of mojicd ThJrsirKJ stai R656 To 5uprK)rt staff wolte at CWPT R997 To 5tJPfK)rt siaff wellbw'r¥J at UHCW NHS TwLLSt 38
uMveRSITh HOSPITALS COVENTRY AND WARWK$RE No¢•¥to th• Iln•ncl•l sf4l•m•ntshr •[ •nd•4 31 ¥•rch 2Q4 lcorrt10) .3 Jwlyi1¥41 (hw•i¢t•tl FuThJ¥ mo¥•M•20?>24 r-lurtd &lrti and Trithsl•rs loss•s ne• Nam• of Fund ¢•ncw wa W•ts9rnW {M¢dC9yI 8931 Gw•r¥ UH 1781 140 776 673 329 345 323 16 ..631 5032 134 {221 1861 8861 Cncw Il•¥•¥Eh Fwid 7W an¢J Ortlry•d¢S 0755 i•nsiw •n¢ C•r• 0742 N•&•1 c4rtm•t TMI FWKI 8765 R•n•l C•rn •r¢! Cyi¥ 8855 •MaT C•w •ffl Fw¥J 47 171 150 142 1241 121 {22 135 74 51 16 112 87% •1 Cat• Fu 14 8710 P4ehw ion M•nrMW Fu 84 Wthdm¢YL¥y G• C4r• Fwl 20¥ G•Mrd St Crn• 6W St Klicha•h G•rr•i Fw 107 151 100 90 12 141 7887 8•1#•nI Surt• 8761 L0 8422 R•bc4 App••i Aggrn9•t• ¢)ww FI io 1.227 3,520 Total 1,499 74 273 4,624 D•rtpkn ol try and pu¥• of Furvj 8864 6•n•M d Wl•fit$ 4 st•i4thn e•r S•Thlc 8931 For pw•s •1 uThwwsrty Wal 8722 To •Dh• ¢•r• olWI•Ats ty 1•ThI¢O. fat11 5032 To iw MN¢• p[0 by lh• tX•n• Chr1 Cthnmurlty Mjrnlry 8861 fo •Jnd c•r¢v r•wi•d m•dcal mMr¢h wgK¢I 7r1 Yo •than¢• t cw• olpab•ftt by •id f•ellttl•s 8755 To •rknon¢• ir• e¥• olp•tt•Ati by fpAing n•w s•nIc &id l•¢lIrtl 8742 To knpr¢w p•tr•nt e•r•. pati•M IKikl•l• st•ff d•wwi•ri 8765 To •rth•n¢• suw rnnal ear• an¢1 dsDly•i¥ •NC 88$5 nr¥ •1mm•nI. •]aon trobnry. •wwwi. Ii•ff •nd p•tiwt4 8726 To ewai a n•w XT••nir4 m•nmryrWy ¢•ntr• In tt Ctty ofcowrtry 8710 R•¥•4 and a•W•rt. an¢1 Ckn•l F•¢iltt•i Fw C•TrJl•c P•iwrts 84x1 Tp •rthant• Ir ew• of p•iknt by n•w •9D1 ¥rt•s 2095 Phint car• Its 88 81•if14• and ir•rlry Forgwwrli purpos•s ai si IAkh•efs Ho¥iit 8421 To bw•lt th• p•tN•rts. Ilty •nd sialdth• tr¥Y i•Nc• In lh• M•Fl• Unlt 7887 To IM Mat•fftty B•r•e¥•m•Trt $urt• at tr105WI•I 8761 To •M•A¢• and ufDIo9y 8422 To th• F¥LKur•m•At rcbK wrwy •quw•nt Th• Jm• r•Tr b••n •cc•N•d by th• UTr£W Ch8thy tNst b•lrJ and h•ne• aro closihl•d urmirKl•J. kla¥•4•r. th• Trnit••s haw d•t•mir•a that It WH è• a•sb3nat•d l)r partl¢ul•r pwpos•i in ¢x¢•r Irj ¥atiJty l•J tI£Ody u pc•sW) th• dornrs. st•tt PrthD¢ M to th• knds should b• &Yp•nO•(l. 39
UMVEA&Tr HaSWTALS COVEPTh AKI wAIMIKSlf Wllny Nol•s t+ th• flMrtl•l 4lmwhtslor th• •1 •nd•d 31 Il•reh X24 IN11ndI ?2.4 R•w>¢lll•O¢ of Totsl FundAloY•m•tsiFwor Y•w X22133J ••l•ft R•Jtrt¢t•dfw UnfflstrkiKI f3271 3.925 529 12 Iszo 40n 127 ?2.LS An¥101R•1I•FTrtsowfftm(lor Y•w 202¥ZJJ Int•rM EwdifrJr• m• ofFvnd R653 CWPT St•if W•lts•hry Furrtl R9g6 Fund 1214) 138 Agrn•t• ¢ Fu io Tc¢ 141 Sw nct• 22.J •x•A lorlh• r To fj•op ¢MunIty to r•Ox• b•thh trwJ•Mll•I. ¥WWt p•W• Imwt•d by COVID ?2.0 An•ly71¥ ofunr•1•dPUnI1lIo•mrt${prI01 Y••r2Q2Y23) P4•m• of Fund •722 C•wx......................___._ 8931 G•nniUH 4 C•rt•r WvdFunLI W• 8T55 Iiii•nsN• 4rAI CrkK81 Carn 7&)4 Trnts• 4r orthowd 8742 N•t•$ LWirThxnr TnAI Funat 425 77 164 37 311 128 J710 J•rnmy Pltlwlw AwlFund li) 107 84SQ Owiih•M4?Y G•Mrtf Cw• Fffit IOT {2) 8726 8m•4t C•rn Fiffid 23 G•rw41 St CZOJJ 6380 SI A•1 G•r•rf Bu1 8765 R•rnl C•rn •D.P.I 8761 Umbjy.. ..... 8405 R•sptr 7L)Xl G•n•rnl S ommuriry Aoult A•M•IH•fyAh 8751 R•nAI R•wKh. KfvJrny..UAI 8930 C¥VPT C4M Aggyt• C4hw F&• (f) 272 529 981 4szo 1925 Sw nd• 223 fry fund&scWlJis th• lo. 8105 To Inne• lh• ear• 01wrtS by ••A•ThI 7tIXS To •nPAne• lh• car• ofF•ikrt$ 14y fvThJry rw IToq#nent 8863 To ¥ukyon aTrJ •rthanc• CC4nmty •Jutt m•Trtal tyatth 8751 R•5earch Into kS¢they fall fts trukn•m Ineluyg pw¢Mso 8990 To suKyM ¢¥• s••$ arnj Vl•*kslu•
VNIVERStTY HOSPffALS COVENTrY AND WARWKstRE cHARy Nol•$to Ihg Ilnan¢lal l•m•ntsfor th• >ar •nd•d 31 March 2024 leontlnuedl Analyls of Oth•r Galnsand Loas tknng 2tr224, there n5 wKI10sse5 InCwl2Q22123 £nill. 24 Contlng•ndg• The fina181 statemwrts wes11 eXU9 the k"rj c¢11rjlss'. 2023124 2022123 £000 ccrtIrenI Assets Ccrtir¥Jenl Liat¥'lities The c111 asset ts 2024 relales ¢0 IY which hos TrJtified to thè Charrty, bul which thes Th)t rne81 thè crileria xcrua las sol OJI in TrJ¢e 1.sbl Ih an esiimat•J luS c4 £180,CW. The ¢tIr1 a5$ets tr 202W23 ratl lo three %thi¢h W bgw rntIfi I Ihe Chariiy, tyul which rKJl m08t the cniwia fvy ¢rul las $81 oul in ncrte 1.sbl wth crynts'wj e5tirnalgJ lotd lue 01 £858.C(K). The ccmlingenl liability thy 2022123 rdatgj to Bstimat&l cosl of a backdated pth)rm8ncdpay knch had be reI ai $he81 dale. 25 Conn•ct•d 0•nI¥tIOn1 2023124 N•t Surplusl ID•ficitl for the Conn•cte(I Organisation £000 Tumts¥•r Conn•ci•d 9anltfjon £000 Nam•. n•tur• of connection. and d?xrlpYon of •thivitio8 und•rtak•n Uniwsily Cowrfry Wamckshra NHS Tntst. a majcff xute t8achiNJ ISpi1?1 NHS heat sCeS pnrnarily lo t cornmunily of cOnIty wa1wckshi. 171.7381 Whilst thè UTh%eTrity FI)Sla15 Cowtry aThJ WarwCks.re NHS Tru51 was the main bwficiary ol Grams made by the Charity dunrKJ ihe year. Chanlable Grants wwe also made lo the Cotry aThl WarwckshI Partrership NHS Tntst. addit to b&"ThJ a main bCiary of Ir Chan"ly. ur1[$11Y Fbspilas Crnwtry d waMckS NWS Tnjst also rIne& a [1tY i11¥1[1$ to se as ttee5 01 thè Charity. See rxrte 2 to Ihe ntS frx rdatgJ party trans1) in1)m)al. 41