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

Annual Report & Accounts 2024 2025

University Hospitals Coventry and Warwickshire Charity Registered Company Number: 09981080 Registered Charity Number: 1165393

Registered Office: UHCW Charity, Main Reception, University Hospital, Clifford Bridge Road, Coventry CV2 2DX

Contents

Contents
Advisors 2
Vice
Report		 3
and Charity
Report		 4
Review of the Year 7
How You Made Things Better for our Staff, Patients and their Families 8
Coventry and Warwickshire Partnership Trust 13
Fundraising in 2024
2025		 14
Financial Review 17
Structure, Governance and Management 18
Board of Trustees 21
Responsibilities in the Preparation of Financial Statements 22
Independent
Report		 23
Statement of Financial Activities for the year ending 31 March 2025 27
Balance Sheet as at 31 March 2025 28
Statement of Cash Flows for the year ending 31 March 2025 29
Notes to the financial statements for the year ending 31 March 2025 30

Advisors

Bankers

Lloyds TSB PLC, High Street, Coventry

Independent External Auditors HB&O Ltd, Highdown House, 11 Highdown Road, Leamington Spa, Warwickshire, CV31 1XT

Investment Manager Investment Manager CCLA Investment Management Ltd, 80 Cheapside, London, EC2V 6DZ

Legal Advisors HR

Neate & Pugh Solicitors Ltd, Suite 206, Cornwall Buildings 45-51 Newhall Street, Birmingham B3 3QR

Legal Advisors Charity Law Withers LLP 20 Old Bailey, London EC4M 7AN

Senior Management

Ms Joanne Charity Director Mr Alan Jones, Finance Lead

2 | P a g e

Vice Chairs of

Report

Lincoln Dawkin and Nick Eastwood

It is our pleasure to present the Annual Report and Accounts for University Hospitals Coventry and Warwickshire (UHCW) Charity for the year to 31st March 2025.

The charitable objects of the Charity remain unchanged; being to enhance the experience of patients and their families who benefit from the services provided at University Hospitals Coventry and Warwickshire NHS Trust.

Whilst the Charity continues to manage the charitable funds for Coventry and Warwickshire Partnership Trust (CWPT), we are supporting their move to have their own NHS Charity.

The Charity awards grants to services and departments to enable them to enhance premises and facilities, purchase equipment and furniture and support research and staff training, all of this at a level beyond that which is provided from the core NHS budgets. This is made possible through the generosity of our supporters, donors and fundraisers who give their time and money to allow us to undertake the work that we do. We would like to thank them most sincerely along with our staff and volunteers who work tirelessly for the benefit of our patients and their families.

Financially, although there has been a reduction in income following an unusually large legacy the previous year, our grant spending has increased significantly, including our largest ever grant awarded, to purchase a Robotic Surgery system with training console, costing £1.9million. This will enable more of our cancer patients to be operated on with this pioneering technology, keeping the Trust at the forefront of Robotic Surgery in the UK and helping to attract and train leading surgeons in this field.

More details of how the funds have been used for other areas are shown in the report. These funds are allocated to the different departments, wards and services, under the supervision of fund advisors to the Charity, thereby reflecting the intentions of the donors.

We are very fortunate to have been chosen, once again, by the Birmingham Irish Cycle Appeal as a beneficiary of their annual fundraising cycle. This brings their donations to a total of £70,000 and this year they are continuing to support us, raising fund Research at UHCW.

We continue to be supported by our Board of Trustees, details of which are shown on page 21, with Jerry Gould, formerly vice-chairman of UHCW NHS Trust, recently joining us as an Independent Trustee at our May 2025 Board Meeting.

We hope that you will continue to support us and thank you for all that you do to make things better for our patients and their families.

Nick Eastwood Lincoln Dawkin UHCW Charity Vice-Chair UHCW Charity Vice-Chair 17[th] December 2025

3 | P a g e

and Charity

Report

Charitable Purpose and Public Benefit

University Hospitals Coventry and Warwickshire (UHCW) Charity, registered charity number 1165393 is the official charity of University Hospitals Coventry and Warwickshire (UHCW) NHS Trust and manages the charitable funds of the Coventry and Warwickshire Partnership Trust (CWPT).

UHCW Charity exists for the benefit of patients at UHCW and provides funding for support that is over and above that provided by core NHS funding.

derives from fundraising, donations, charitable grants, legacies, sponsorship and investments. The Trustees oversee charitable expenditure to ensure that funding is for the clear benefit of patients and their families, as well as for the staff of the two organisations.

Under the Charities Act 2011, charities are required to demonstrate that their aims are for the public benefit. The two key principles which must be met in this context are first, that there must be an identifiable benefit or benefits; and secondly, that the benefit must be to the public, or a section of the public.

must have regard to the Charity guidance, and must report on public benefit in their Annual Report.

The Trustees of UHCW Charity regularly monitor and review the success of the Charity in meeting its key objectives of benefiting patients at UHCW NHS Trust and CWPT. The Trustees confirm, in the light of the guidance, that these aims fully meet the public benefit test and that all the activities of the Charity are undertaken in pursuit of its aims.

Compliance

The Charity complies with the General Data Protection Regulation (GDPR) and in addition, can assure our supporters that;

UHCW Charity is registered with the Fundraising Regulator and complies with the Fundraising Code of Practice. You can find out more about the Fundraising Regulator and the Code of Fundraising Practice at www.fundraisingregulator.org.uk

The Charity Director holds MInstF status with the Chartered Institute of Fundraising (CIoF) and has been an Associate Consultant with the CIoF for over 12years.

The Charity is a member of NHS Charities Together.

4 | P a g e

Our performance

The Trustees reviewed the performance against the following strategic statements;

  1. We will create sustainable income growth by increasing the number and value of donations

  2. Income in 2024-5 was £770,000, this is significantly lower than the previous year due to reduced income from legacies (which by their nature are variable from year to year)

  3. We will provide grants for equipment and facilities etc. that ensure patients receive the very best healthcare and that their families are supported

  4. Grants totalling £1,847,000 were awarded in year history

  5. We will operate exemplary standards of governance and be open and transparent at all times

  6. The Charity is registered with the Fundraising Regulator

  7. We will recruit, develop, manage and retain the right people for the Charity One team member left and two people joined us this year

  8. We will be a highly recognised local charity that motivates and supports its people and stakeholders through effective and regular communications

  9. We have produced and sent out regular newsletters to our growing list of supporters

  10. We also post regular stories on social media and send out regular press releases on our work

  11. We will generate positive support for the Charity across our NHS trust The Charity team has worked with the UHCW NHS Trust Chief Executive and key departments, which has enhanced the standing of the Charity internally and externally with freelance support

Complaints

No complaints were received by the Charity during the year regarding its charitable activities or its fundraising activities

Protecting Vulnerable Adults and Children

The Charity complies with the Safeguarding processes of the University Hospitals Coventry Practice regarding the protection of vulnerable adults and the public from unreasonable intrusion, persistent approach or undue pressure in its fundraising

5 | P a g e

Plans for 2025-2026

We will continue to raise funds and support patients and their families and in particular for the following key project:

Maternity Bereavement Suite £550,000

We continue to raise funds for a sound-proofed Maternity Bereavement Suite, so that parents can deliver their stillborn babies in a private, quiet space, away from the noises and visitors to the main labour wards.

We need your support

We are seeking support from businesses, trusts, individuals and the community to raise funds for our appeal and to support our patients across the Trust.

If you would like to learn more about our ambitious plans to support University Hospitals Coventry and Warwickshire NHS Trust and how you can play a part, please contact University Hospitals Coventry and Warwickshire Charity at: uhcwcharity@uhcw.nhs.uk You can also visit our website at: uhcwcharity.org

Alternatively, you can contact Jo on 02476 966913 or jo.osullivan@uhcw.nhs.uk , or by writing to:

Jo Charity Director University Hospital Coventry and Warwickshire Charity, Main Reception, University Hospital, Clifford Bridge Road, Coventry CV2 2DX

6 | P a g e

Review of the Year

University Hospitals Coventry and Warwickshire Charity raises and distributes funds for University Hospital, Coventry, the Hospital of St Cross, Rugby and manages the funds for the Coventry and Warwickshire Partnership NHS Trust

The Charity exists to make things better for our staff, our patients and their families, by funding key areas across the Trusts, including;

UHCW Charity Year at a Glance

Over the course of 2024-2025, the Charity raised a total of £770,000. Whilst this was significantly lower than the previous year, this was due to a reduction in legacy income which by its nature can vary significantly from one year to another.

The support of generous individuals, businesses, groups and charitable organisations locally, regionally and nationally, has enabled us to support University Hospitals Coventry and Warwickshire NHS Trust and the Coventry and Warwickshire Partnership NHS Trust. Donations have been received from individuals including legacies and in memoriam, from community groups and from online fundraising events, charitable trusts and foundations, and from key corporate supporters

Income generation and expenditure

income. During 2024-2025 770,000 comprised:

During 2024-2025
Donations £ 380,000
Legacies £ 34,000
Grants received £ 2,000
Investment Income £ 212,000
Trading £ 41,000
Charity Events £ 72,000
Gift Aid £ 24,000
Other £ 5,000

Grants Awarded

Over the course of 2024-2025, UHCW Charity awarded £1,847,000 in charitable grants split between the University Hospitals Coventry and Warwickshire NHS Trust (£1,780,000) and the Coventry and Warwickshire Partnership NHS Trust (£67,000)

7 | P a g e

How You Made Things Better for our Staff

Our support for UHCW NHS Trust staff across both hospital sites has continued this year, including:

Staff Rest Areas £23,000

The Pharmacy staff room, Dietetic and Speech Therapy staff rest area and Nuclear Medicine staff area refurbishments have been funded this year, along with outdoor furniture for the Rotunda staff rest area to help staff enjoy their breaks

The

Recognition Programme, £12,500

The Charity has supported this new staff recognition scheme which will celebrate 2,500 staff and their teams this year who enhance the experience of patients and make a difference to communities and colleagues

The Daisy Awards, £2,000

This international award is nominated by patients who have received outstanding care from a nurse or midwife at UHCW NHS Trust. The Chief Nursing Officer presents the award and the whole team celebrates with cinnamon buns and a Daisy Award banner is displayed on the ward for staff and patients to see

----- Start of picture text -----
Good Vibes Only!
----- End of picture text -----

Wellbeing Events £4,440

Staff in Pharmacy held a summer wellbeing event, the Emergency Department held a , the Maple Unit held a wellbeing day and the Theatres team held an away day

8 | P a g e

How You Made Things Better for our Patients

Da Vinci X Surgical Robot, £1,518,000* and Surgical Training Console, £350,000

One in two of us will have cancer in our lifetime.

This year the Charity awarded its highest ever grant, funding the third surgical robot at UHCW and a training console, which uses minimally invasive surgery to remove cancer tumours effectively and allows our patients to leave hospital after only days, so they can recover quickly where they most want to be, at home with their families.

Traditional open surgery involves lengthy recovery times, with weeks in Critical Care and months in hospital, along with many months recuperating at home. There is significant blood loss and a high risk of complications, large dosage pain medication is needed for post-surgical pain for some time, there is a risk of infection and a substantial number of stitches are needed that limit mobility and require frequent changes in dressings.

When tumours are removed using Robotic Surgery, just three to five tiny incisions are made for probes to be inserted by the surgeon operating the robot and the tumour is removed with minimal blood loss or damage to tissues. Recovery from this minimally invasive technique involves a short hospital stay, often just a night or two, with healing at home, usually in just a few weeks.

UHCW NHS Trust is a leading centre for robotic surgery, hosting the International HPB Robotic Surgery Conference. Our highly trained Proctors train surgeons in robotic surgery throughout the world and the new console enables them to have dual control of the robot, attracting the brightest surgeons to the Trust to learn these ground-breaking techniques.

----- Start of picture text -----
Click here to see
----- End of picture text -----

----- Start of picture text -----
Our
----- End of picture text -----

biggest ever grant!

how Andy had life-saving robotic surgery to remove cancerous liver tumours

*The surgical robot cost £1.518m with the Charity funding £1.036m in 2024-2025 and the balance being met from unspent Charity funds provided in earlier years which had been retained by the NHS Trust

9 | P a g e

Pressure Sore Relief Positioning Cushions, £18,530

340 Ehob wedges and pumps have been provided for the prevention of heel pressure ulcers, The wedges are reuseable and are manually inflated and placed under the patients bed.

Heel pressure ulcers are one of the highest reported areas of pressure damage and have a psychological, social, and financial impact on both the patient and the Trust. Developing a pressure ulcer increases a

patient s risk of infection and can lead to amputation and in severe cases, can be fatal. Treatment of Pressure ulcers is estimated to cost the NHS 1.4million per day (Guest et al 2017) and a significant proportion of these are preventable with the right care and interventions in place.

Audio/Visual Entertainment System for MRI Scanner, £27,500

MRI scans can be very stressful, particularly for young children and for those who suffer from claustrophobia or have sensory needs. Around a third of patients move during the scan and 30% of children have to be sedated. This audio/visual system allows patients to listen to and focus on the entertainment of their choice during the MRI scan, resulting in fewer sedations and far fewer repeat scans. Patients have a far more positive experience, lowering anxiety for those having regular MRI scans as part of their on-going treatment.

Wheelshare Stations, £12,480

This year we have continued to fund the two user-friendly wheelchair stations at the main entrance to University Hospital Coventry and at the and

entrance. UHCW NHS Trust was the first hospital in the country to install the Wheelshare docking system to allow patients to use a wheelchair for up to 12 hours, free of charge, and has seen an increase in usage each month, helping to make a visit easier by ensuring that a wheelchair is available for their use when they come to the hospital for their appointments

10 | P a g e

How You Made Things Better for our Families

Arts at UHCW £30,000

Arts at UHCW delivers colourful art exhibitions, music and creative sessions for patients and visitors and is completely funded by UHCW Charity each year. The programme consists of two core elements, using visual arts to improve the hospital environment and participatory arts to enhance patient wellbeing whilst in our hospitals.

4,000 art kits have also been supplied to

MAU Waiting Room Refurbishment £11,330

Families can be waiting for their loved ones to be seen for many hours at busy times on the Medical Assessment Unit (MAU). New chairs, wall art, a water cooler and a TV screen have been provided to improve the waiting room for patients and their families

Infographics Board for Critical Care Waiting Room £2,206 When families visit their loved ones in our Critical Care Unit, it can be a daunting experience.

Their loved one is surrounded by equipment and tubes, with families often feeling overwhelmed. This infographic board was designed with families to

help them to understand what the various tubes, lines, pumps and alarms are for and how they are helping their loved ones.

Neonatal Outreach Resources £415

Our Neonatal Outreach Team have pioneered the support for our parents and their babies who are on oxygen or have a feeding tube, to be cared for in their homes.

Not only do the team provide care and advice to parents to enable them to look after their premature babies in their family homes, but they also provide group sessions for families to come together and share their experiences and to support each other

11 | P a g e

Research Studies

Radiology Oncology Research Fellow Funding £60,713

Lung cancer is the leading cause of cancerrelated deaths worldwide (World Health Organisation June, 2023) It has the highest mortality rates among both men and women, and is often diagnosed when the disease is in advanced stages, making it difficult to treat. Radiation therapy is often used to target and destroy cancer cells. Using high energy radiation beams, the treatment is carefully planned in minute detail by our clinical teams and physicists to reduce the side effects that patients may experience in their healthy tissue. UHCW Charity has already funded equipment and improvements in facilities for our patients undergoing radiation therapy to make this experience as comfortable and effective as possible.

Dr Raj Shrimali, Consultant Clinical Oncologist, overseeing the work of the Radiology Oncology Research Fellow

UHCW is one of the leading centres for the treatment of cancers in the West Midlands. We have provided funding towards the costs of the first year and fully funded the second year of the post of a dedicated Research Fellow in Radiation Oncology. This post is the first of its kind in the West Midlands and will conduct original research into radiation treatment and how to make it more effective for lung cancer patients, which will also benefit all our oncology patients being treated with radiation therapy.

The findings of this 2year study will be shared worldwide, potentially having a

proven that being treated at a research-active centre like University Hospital Coventry, improves the quality of treatment received, which can result in better outcomes for patients. By conducting this research at UHCW, our radiotherapy patients experience could be vastly improved, as well as improving the knowledge and skills of our oncology team for future patients.

Renal Research £10,000

The high demand for kidney transplants and the limited numbers of kidneys available means that clinicians are having to assess those most likely to have the lowest failure risk and those who would live the longest.

The team have developed a prediction model and are further researching a web application that could aid consultants worldwide in this decision making process

12 | P a g e

Coventry and Warwickshire Partnership NHS Trust

New grants totaling £125,656 were awarded across the Coventry and Warwickshire Partnership NHS Trust during 2024/25, although this cost was partially offset by the reversal of £61,900 of grants awarded in prior years but not claimed leaving a net new investment at the Trust of £63,756.

Key projects funded during the year included the following:

Refurbishment of staff areas at various locations £63,959

These projects were funded by a grant which UHCW Charity had secured from NHS Charities Together to improve staff wellbeing. The funds were used to purchase furniture and renovate communal and staff wellbeing areas at the following locations:

----- Start of picture text -----
Wayside House
Brooklands Hospital
Caludon Centre
----- End of picture text -----

Sensory Room refurbishment at Ashby House £25,133

The new sensory room provides a safe, therapeutic environment where people with learning disabilities can explore, regulate, and engage their senses in a controlled way, helping to reduce anxiety, agitation, and challenging behaviours. By promoting relaxation, focus, and communication, the sensory room enhances emotional wellbeing and supports personal development, particularly for individuals who struggle to express themselves verbally. For staff, it offers a valuable tool to deliver person-centred interventions that are responsive to each

aligning with best practice and demonstrates a clear commitment to enhancing the lived experience for our patients.

13 | P a g e

Fundraising in 2024-2025

Our amazing supporters have been taking on a variety of charitable activities for the Charity

The Birmingham Irish Cycle Appeal (BICA) £20,000

Once again the Birmingham Irish Cycle Appeal took on another arduous 1000km cycle across the 32 counties of Ireland. This marked the 25[th] BICA cycle challenge, taking their total raised for good causes in the UK and Ireland to over £1million. Led by former cancer patient, Joe Argue, the group of business leaders and supporters train together and take care of each other along the arduous route, with

Overseas Challenge £21,000 The Arctic Challenge

Our second overseas challenge took place from 23[rd] February to 2[nd] March, with 14 participants each raising spoonsorship for various UHCW Charity funds. The challenge took place near the Swedish Arctic circle, with the team erecting a teepee in the dark, then sleeping outside in it in freezing Arctic conditions of -19 degrees.

The challenge, led by 2 former Royal Marines, involved chopping down trees to make a fire, melting snow to boil for water and learning key survival skills such as foraging, building a shelter from branches and building an ice hole, both of which they then slept in for the night.

Over £21,000 was raised and fantastic coverage gained across the BBC and local radio, with participants Amie Burbridge (Consultant) and Jo being interviewed live about the experience on BBC CWR.

Watch the video of how we survived the UHCW Charity Arctic Survival Challenge

14 | P a g e

Staff Fundraising Team Medicine take on the Malverns Challenge £8,600

Senior nurses and matrons from the Medicine team took on the Malverns Challenge, raising over £8,600 to support the families of those receiving palliative care at the Trust. This event brought the team together as they trained for their challenge over several months and they took care of each other on the day, helping

everyone to get to the finish line.

The funds raised have been used to provide

wellbeing packs and pull-out beds for loved ones to sleep alongside those during end-of-life care.

Corporate Supporters

We continue to benefit from the kind support of our corporate donors, including MCD (the Midlands Centre for Development), who have chosen to fundraise for the Neonatal Department as one of their charities of the year.

They also came and decorated the unit for Christmas and brought gifts for staff and parents.

They have a year of fundraising events planned, across their main Coventry site and Liverpool offices.

Community Supporters

We have continued to enjoy extensive support from our community partners, including the wonderful Chris Roddis who has been supporting the Charity for over 25 years.

This year she joined with our valued supporters at The Millpool Pub, holding a Family Fun Day with the fantastic Pravha band, raising over £ 2,214 for the Haematology ward and the Forget Me Not/Dementia fund

15 | P a g e

Legacies and In Memory Giving

During the year, the Charity was fortunate to receive legacies totalling £34,000. These legacies have made a huge difference to our patients and their families.

Making a future gift to UHCW Charity is simple to do, either when making your will, or when preparing a codicil (change to your will). All you need to do is to state the Charity name, University Hospitals Coventry and Warwickshire Charity and charity number 1165393 and the amount of your bequest. Gifts can be made to specific areas or departments of the hospitals and will be used in accordance with your wishes.

Many families and friends also chose to remember a loved one by requesting donations, in their memory, often in place of funeral flowers. We are extremely grateful to be remembered especially at such a difficult time.

Trusts and Foundations

Over the course of 2024-2025, the Charity was grateful to receive a total of £2,000 from Charitable Trusts and Foundations.

If you would like to learn more about our plans to support University Hospitals Coventry and Warwickshire Hospital Trust and Coventry and Warwickshire Partnership Trust, and how you can become involve in fundraising, please contact University Hospital Coventry and Warwickshire Charity at uhcwcharity@uhcw.nhs.uk

You can also visit our website at www.uhcwcharity.org

16 | P a g e

Financial Review

The net movement in total Charity funds was a decrease of £1,597,000 compared to the opening funds as at 1st April 2024 giving a closing balance of £3,728,000 as at 31st March 2025.

are classified as unrestricted with a yearend value of £3,510,000 with the balance of £218,000 classified as restricted.

The Charity continues to hold the majority of its net assets in the form of investments in a common investment fund managed by CCLA with a value of £3,235,000 (87% of net assets) at 31st March 2025. The Charity also holds cash reserves of £2,654,000, but owes £2,241,000 to creditors (mainly for grants awarded but not paid over and other operating costs). The net cash available after meeting these creditors is £413,000 (11% of net assets).

The charts opposite provide graphical sheet as at 31st March 2025 and its income and expenditure for 2024/25:

17 | P a g e

Structure, Governance and Management

University Hospitals Coventry and Warwickshire Charity (the Charity) is an independent Charity, which exists to support University Hospitals Coventry and Warwickshire NHS Trust and manages the funds for Coventry and Warwickshire Partnership NHS Trust.

It is registered with the Charity Commission (registered Charity Number 1165393) and is also a company limited by guarantee (registered number 9981080).

Charitable Objects

The objects and powers of the Charity are set out in the governing documents submitted to the Charity Commission. As the Charity for University Hospitals Coventry and Warwickshire NHS Trust the Charity aims to make things better for patients, their families and the staff who treat them by providing grants to:

All of this is above that which is provided from statutory NHS budgets.

A Memorandum of Understanding and Deed of Understanding between the Charity and University Hospitals Coventry and Warwickshire NHS Trust ensures that there is a shared understanding of how the Charity meets its charitable objects.

Board of Trustees

The Charity is governed by a Board of Trustees, a majority of which must be independent of the NHS Trusts which the Charity supports. The Board of UHCW NHS Trust has the right to nominate 4 Independent Trustees are recruited through an open and competitive recruitment process. Trustees serve for an initial period of three years, which may be renewed for further terms.

Page 21 gives a list of current trustees at date of signing (one new trustee joined in May 2025).

The trustees also serve as directors of the Company limited by guarantee. The Board meets quarterly, and such other times as may be required to transact the business of the Charity.

Staff and Volunteers

The day-to-day management of the Charity, governance, grant making and fundraising is delegated to the UHCW Charity Director, supported by the Charity team. The UHCW Charity Director provides regular reports to the Trustee Board and meets regularly with the Vice-Chairs.

The Charity staff are supported by regular volunteers, who assist with administration and Charity events.

Financial responsibilities

The financial responsibilities of the Charity are managed by the Finance Department of University Hospitals Coventry and Warwickshire NHS Trust; including the preparation of month-end fund statements and year-end financial accounts; and quarterly reports to the Trustee Board on the performance of the portfolio and financial performance of the Charity. The cost of

18 | P a g e

this service is re-charged to the Charity.

Fund structure

All donations received by the Charity are allocated to an appropriate restricted or unrestricted Where there is an express wish of the donor that donations must only be used for a specific purpose, these are placed in a restricted fund. However, where the donor expresses a wish or a preference but without imposing any trust, the funds are placed in a designated fund for that purpose or where appropriate a general purposes fund. The Charity always seeks to spend designated funds on the purpose for which they were given but reserves the right to use them for alternative purposes if no suitable use is identified.

In addition to the funds related to the services provided by University Hospitals Coventry and Warwickshire NHS Trust, the Charity also manages all of the charitable funds that support Coventry and Warwickshire Partnership NHS Trust.

The funds are overseen by Fund Advisors. The majority of Fund Advisors are key clinicians in the two NHS organisations and are best able to advise the Trustee Board on how the donations can be most effectively spent.

Grant making policy

Any staff member can apply for a grant. All grant applications must be supported by a Fund Advisor. A grant request up to £10,000 requires the approval of the Charity Director. Between £10,000 - £29,999 the approval of the Charity Chair is required and £30,000 and above, applicants are invited to present their case to a meeting of the Board, whose approval is required.

Reserves policy

Investment Funds managed by professional advisers. These funds are available to be spent on the charitable purposes of the Charity and are not regarded as part of the permanent capital of the organisation beyond the sum required to comply with this reserves policy.

As a grant-giving charity the aim is that income received by the Charity should be giving grants to a value each year at least equal to the income received. The corollary of this is that should charitable income be reduced then there is sufficient cash in reserves to continue to award grants at the current rate for a considerable period of time.

Therefore, as a reserves policy, the Trustees aim to retain an amount equal to between one and two years of operating expenditure, which is predominantly staff salaries and related overheads, before the grant-giving potential is jeopardised. This is a sum of between £300,000 and £600,000.

At the current time unrestricted reserves designated for the general purposes of the Charity amount to £814,000 at 31 March 2025. In addition, other unrestricted funds which are designated (but not restricted) for specific purposes (or healthcare sites) totaled £2,697,000. All of these funds are available to be awarded by way of charitable grants. The Charity held no endowment funds at the start of the year and nor did it receive or create any during the year.

Investment policy

is to maximise the level of investment income whilst at the same time maintaining (or increasing) the capital investment value of the underlying investments in real

19 | P a g e

terms. Achieving an appropriate balance between these objectives requires subjective judgement and professional advice which is obtained from CCLA.

The Charity currently invests mainly in the Common Investment Fund (COIF) managed by CCLA Investment Management Limited.

The Board has also agreed an ethical investment policy which precludes investments in the direct processing and/or manufacture of tobacco products or armaments, as these are not felt to be

The total value of the investment portfolio at 31 March 2025 is £3,235,000. Gross income from investments is used to help defray operating costs of the Charity. The Trustees receive quarterly reports on the performance of the investment portfolio and continue to review the investment strategy regularly to ensure that the available return is maximised.

Going concern

The Board of Trustees has reviewed UHCW activities, financial position and risk management policy together with factors likely to affect future development, including the impact of economic uncertainty on voluntary income. The financial impact of coronavirus was central to these assessments. Our Trustees have concluded that, with agreed adjustments to our fundraising plans, which include incorporating social distancing measures and rescheduling or adapting fundraising events, and with ongoing financial risk management, it is reasonable to expect UHCW Charity to have adequate resources to continue in operation for the foreseeable future. Accordingly, the going concern basis of accounting continues to be adopted in preparing the financial statements.

Audit

HB&O Ltd have expressed their willingness to continue in office and will be reappointed for the next financial year in accordance with section 487(2) of the Companies Act 2006 unless the company receives notice under section 488(1) of the Companies Act 2006.

Risk statement

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 fundraising and investment income and high commitments in respect of expenditure.

These risks are further mitigated by the Charity maintaining a varied investment portfolio which includes wider range investments, narrower range investments and bank deposits; having sufficient cash resources to meet its immediate commitments; only committing expenditure once resources are secured; and by having an active fundraising team to generate new additional resources in the current uncertain climate.

The Board is also aware that the Charity needs to safeguard its credibility as being beneficial to the local community and endeavours to ensure that the name of the Charity is not linked to any inappropriate fundraising or similar activities and that its conduct is strictly in accordance with its charitable objects, charitable law, and the requirements of the Charity Commission and the Fundraising Regulator.

Trustee Indemnity Insurance

The Charity purchased Trustee indemnity insurance during 2024/25 which provides cover up to £1million.

20 | P a g e

Board of Trustees

A list of the trustees who served during the financial year up to the date of signing is given below:

Lincoln Dawkin (Vice-Chair) PFI Advisor, UHCW Nick Eastwood (Vice-Chair) Independent Amrik Bhabra Independent Tracey Brigstock Chief Nursing Officer, UHCW Eleonor Deeley (Tham) Independent Adam Dent Independent (resigned 29[th] October 2025) Mark Easter Independent Justine Richards Chief Strategy Officer, UHCW Bilhal Salman Consultant and Clinical Lead for Coventry Urgent Treatment Centre, UHCW Jacqui Staunton Independent Jerry Gould Independent (from 7[th] May 2025)

21 | P a g e

Statement of Responsibilities in Respect of the Annual Report and the Financial Statements

Under charity law, the Trustees (who are also directors of the Charity for the purposes of statements for each financial year which show a true and fair view of the state of affairs of the Charity and the excess of income over expenditure for that period. The Trustees have elected to prepare the financial statements in accordance with FRS 102 (the Financial Reporting Standard applicable in the UK and Republic of Ireland).

In preparing these financial statements, generally accepted accounting practice entails that the Trustees:

The Trustees are required to act in accordance with the trust deed of the Charity, within the framework of trust law. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the Charity at that time, and to enable the Trustees to ensure that, where any statements of accounts are prepared by them under the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that Act. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the financial and other information included on the website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Board of Trustees and signed on its behalf by:

Nick Eastwood Lincoln Dawkin UHCW Charity Vice-Chair UHCW Charity Vice-Chair 17[th] December 2025

22 | P a g e

Independent

Report to the Members of University Hospitals Coventry and Warwickshire Charity for the Year Ended 31[st ] March 2025

Opinion

We have audited the financial statements of University Hospitals Coventry and Warwickshire Statement of Financial Activities, the Balance Sheet, the 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 applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Financial Reporting Standard applicable in the UK and 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 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 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 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 material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on twelve months from when the financial statements are 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.

23 | P a g e

Other information

The trustees are

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.

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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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

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

24 | P a g e

Responsibilities of trustees

trustees (who are also the directors of the charitable company for the purposes of company law) 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 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.

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 gh 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit process includes an assessment of the entity's risk environment, through enquiry of and discussion with management and those charged with governance, including an assessment of any key laws and regulations with which the charitable company must comply in the ordinary course of its operations.

Additionally, the overall risks of irregular transactions occurring are assessed following our observations and confirmation of the design and implementation of controls. Whilst we are mindful of these risks, our audit focus is geared towards the risk of material misstatement in the financial statements as a whole.

As such, our procedures cannot guarantee that all transactions have been fully compliant with all relevant laws and regulations, including those regulations relating to fraud, as our procedures are not designed to detect all instances of non-compliance. By definition, the risk of our detection of non-compliance is greater where compliance with a law or regulation is removed from the events and transactions reflected in the financial statements. The risk is also greater regarding irregularities due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

25 | P a g e

A furlher descriplion of our responsibilities is ovoiloble on the Financial Reporting Council's website ol= htt ouditus audil-a55urance auditor-s-res onsibilities-for-the- audil-of-the-fi descri l1on-of-th￿uditor,s-reS onsibililies-for. This description form5 port of our auditor's report. Use of our report This report is made solely to the charitoble company's members, as a body. in occordance wilh Chapter 3 of Porl 16 of the Componies Act 2006. Our ovdil work has been undertaken so that we might stale to the charitable company's members Ihose matters we are required lo state to them in on ouditor's report ond for no other purpose. To the fullesl extenl permitted by law, we do nol accept or assume responsibilily lo anyone other Ihon Ihe charilable compony ond the choriloble compony's members os o body. for our audit work. for this report, or for the opinions we have formed. Mark Ashfield BA FCA (Senior Statutory Auditor) For and on behalf of HB&O Ltd Chartered Accountants and Statutory Auditor Highdown Hovse 11 Highdown Road Leomington Spa Watwickshire CV31 IXT Date: 17th December 2025 261 Poge

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2025

Account) for the year ended 31 March 2025
Note
Income from:
Donations and legacies
3
Other trading activities
4
Income from Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable activities:
8
Patient welfare and amenities
Staff welfare and amenities
Research
Total expenditure
Net income/(expenditure) before
gains/(losses) on investments
Unrealised net gains/(losses) on investments
15.1
Transfers between funds
21
Net income/(expenditure) movement in
funds
Reconciliation of Funds
Total Funds brought forward at 1 April
22.1
Total Funds carried forward at 31 March		 Un-
restricted
Funds
Restricted
Funds
Total
Funds
Un-
restricted
Funds
Restricte
d Funds
Total
Funds
£000
£000
£000
£000
£000
£000
410
6
416
1,315
622
1,937
142
0
142
45
0
45
205
7
212
139
27
166
2024/25
2023/24
757
13
770
1,499
649
2,148
(235)
(11)
(246)
(131)
0
(131)
(1,352)
(27)
(1,379)
(382)
(9)
(391)
(79)
(448)
(527)
(158)
(85)
(243)
(79)
0
(79)
(3)
0
(3)
(1,745)
(486)
(2,231)
(674)
(94)
(768)
(988)
(473)
(1,461)
825
555
1,380
(136)
0
(136)
273
0
273
10
(10)
0
0
0
0
(1,114)
(483)
(1,597)
1,098
555
1,653
4,624
701
5,325
3,526
146
3,672
3,510
218
3,728
4,624
701
5,325

The notes on pages 30 to 42 form part of this account.

University Hospitals Coventry and Warwickshire Charity Registered Company Number: 09981080 Registered Charity Number: 1165393

27 | P a g e

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Balance Sheet as at 31 March 2025

Balance Sheet as at 31 March 2025
Note
Fixed Assets
Investments
15
Total Fixed Assets
Current Assets
Stocks
16
Debtors
17
Cash and cash equivalents
18
Total Current Assets
Creditors: Amounts falling due within one year
19
Total Current Liabilities
Net Current Assets / (Liabilities)
Total Assets less Current Liabilities
Net Assets
The Funds of the Charity:
Restricted income funds
22.2
Unrestricted income funds
22.3
Total Charity Funds		 Un-
restricted
Funds
Restricted
Funds
Total
Funds
Un-
restricted
Funds
Restricted
Funds
Total
Funds
£000
£000
£000
£000
£000
£000
3,235
0
3,235
3,371
0
3,371
As at 31 March 2025
As at 31 March 2024
3,235
0
3,235
3,371
0
3,371
35
0
35
34
0
34
45
0
45
52
0
52
1,966
688
2,654
1,879
831
2,710
2,046
688
2,734
1,965
831
2,796
(1,771)
(470)
(2,241)
(712)
(130)
(842)
(1,771)
(470)
(2,241)
(712)
(130)
(842)
275
218
493
1,253
701
1,954
3,510
218
3,728
4,624
701
5,325
3,510
218
3,728
4,624
701
5,325
218
218
701
701
3,510
3,510
4,624
4,624
3,510
218
3,728
4,624
701
5,325

The financial statements (and supporting notes to the statements) on pages 27 to 42 were approved by the Board of Trustees Signed:

Names: Nick Eastwood and Lincoln Dawkin (Vice Chairs of Trustees)

Date: 17th December 2025

University Hospitals Coventry and Warwickshire Charity Registered Company Number: 09981080 Registered Charity Number: 1165393

28 | P a g e

UN￿ERs￿y HOsP￿ALs cOvE￿y AND WARWICKSHIRE CHARrrY Statement of Cath Flows for the year ended 31 Ma￿h 2025 Total 2024125 £ooo' Totsl 2023124 Cash fiow8 from oparating activities Net cath provlded by lud Inl operntlng acll¥llles 20 1.451 Cath fflows from Inve￿n9 acll¥llle% D1i4deThls, Interests and rents from Inwtments Not Cash provlded by lud Sn) In￿*ing a¢tSvitlès 212 212 166 Change in cash and cagh 8quival8nts in the reporfing period 1.617 Coth ond gquivolgnts at th• bgginning of thg rgporfing period 2.710 1,093 Cath and c¥th equlv¥lgnts at th• end of the r•porling p•rlod 291 age

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2025

1 Accounting Policies 1.1 Charity Information

University Hospitals Coventry and Warwickshire Charity (the Charity) is a Charity registered in England and Wales (Charity number 1165393) and a company limited by guarantee, registered in England & Wales (Company number 09981080). Its registered office and principal place of business is University Hospital, Clifford Bridge Road, Coventry, CV2 2DX.

Its principal activity is working to make things better for patients, their families and the staff who treat them by providing funding for important equipment, pioneering research and all the important extras that makes the care so special.

1.2 Accounting Convention

a) Basis of Preparation

The Charity constitutes a public benefit entity as defined by FRS 102.

The financial statements have been prepared under the historic cost convention, with the exception of investments which are presented at fair value.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

b) Going Concern

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. In reaching this conclusion, the trustees have specifically considered the current UK economic challenges (including the recent significant rise in the cost of living) with particular reference to the impact on income, grant requests, expenditure commitments (mainly staffing) and the value of the Charity's investments. The trustees believe that the Charity has sufficient reserves to meet its obligations for at least the next twelve months, even without further incoming resources.

The Charity's investments have provided good returns overall with a mix of dividend yields and long term capital growth. The capital value of the investments has increased over the last year and continues to fluctuate, the trustees believe that the significant cash balances held by the Charity mean that these investments will not need to be disposed of in the foreseeable future. Finally, grants awarded are fully in the control of the Charity and will only be funded if there are sufficient resources available.

1.3 Transfer of Assets from University Hospitals Coventry and Warwickshire NHS Trust Charity

wholly independent charities regulated solely by the Charity Commission.

The University Hospitals Coventry and Warwickshire NHS Trust decided to convert its linked charity, University Hospitals Coventry and Warwickshire NHS Trust Charity, to independent status by the creation of an entirely new organisation; the University Hospitals Coventry and Warwickshire Charity.

It was agreed by a "Deed of Understanding" that the University Hospitals Coventry and Warwickshire NHS Trust Charity would transfer all of its assets (and liabilities) to the University Hospitals Coventry and Warwickshire Charity on 1st April 2016.

1.4 Structure of Funds

Where there is a legal restriction on the purpose for which a fund may be used, the fund is classified in the financial statements as a restricted fund.

Funds where the capital is held to generate income for charitable purposes and cannot itself be spent are accounted for as endowment funds. The Charity does not have any such funds.

30 | P a g e

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2025 (continued)

Other funds are classified as unrestricted funds and include funds which are not legally restricted but which the trustee has chosen to earmark for set purposes (designated funds).

The major funds held as restricted are disclosed in note 22.2, and those that are unrestricted but designated are shown in note 22.3.

1.5 Incoming Resources a) General All incoming resources are included in full in the Statement of Financial Activities as soon as the following three factors can be met:

If there is uncertainty as to the amount of the legacy and it cannot be reliably estimated then the legacy is shown as a contingent asset (note 24) until all of the conditions for income recognition are met.

1.6 Resources Expended a) General All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met: i) There is a present legal or constructive obligation resulting from a past event ii) It is more likely than not that a transfer of benefits (usually a cash payment) will be required in settlement iii) The amount of the obligation can be measured or estimated reliably. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. b) Grants payable Grants payable are payments made to third parties (including NHS bodies) in the furtherance of the charitable objectives of the funds held on trust, primarily relief of those who are sick.

Grant payments are recognised as expenditure when the conditions for their payment have been met or where there is a constructive obligation to make a payment.

The trustees have control over the amount and timing of grant payments and consequently where approval has been given by the trustees and any of the above criteria have been met then a liability is recognised. Grants are not usually awarded with conditions attached. However, when they are then those conditions have to be met before the liability is recognised.

31 | P a g e

UNWERSITI HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY Notes to the financlal tementsfor the year ended 31 lIa￿h 2025 (Con￿nued) wh￿ an intention has not been c(KnmLmiCa￿J. t￿n no exrThJiture is rec¢yJnised but an appropnate designation is In the aw)r(priat8 fu￿1. Wa grant has b8en ofvred but there is uncertainly as to ¥￿ether rt wll t accept￿ or cc¥NJitions bMII be met then no liability is recognised but a contingent lia￿1rtY Is disclos&l. ¢1 All9￿￿on of overhead and wpport ¢0¥ Supwrt costs are those costs thich do not tdate directly to a single actiiity. Ihese Include stalf costs. administratile exttnses. finance and accounlir#J serK4ces. internal and extemal audit costs and IT systemslsupp(xi Suppxxi Cl￿15 t￿7 awM)rtionwJ t￿l￿￿en bJThYra151rvJ cost5 aTKI charitable actiI4ties on an ￿rC￿ate basis and are analyseA In Th)te 11. dl Fund ralfjlng ¢06ts Th8 cost5 of generating are thc6e costs attribui8È to g8￿rati[Vj In¢om8 for th8 Charity and include staff arKJ exrenses ￿lated to fiJThJrasiThJ actiiities and ￿eS paid to extemal frjndraisers and ￿ndraIs1r0 athsry5. Fundraising e05ts excl￿￿8 thos8 costs i￿u[¥j in uTrJ8rtakir#J ¢h"ta￿e acti￿185 aTh# the Cost$ incurred In urthrtakirKJ trJing act1%41ies in thJrt￿anCe of the Chanty's objects. Costs ol the Charitys inwtrnen¢ rnanager5 are met friwn 1n￿trnents a￿1 are not separately id8ntifiable and arè not therefore r8cc¥ded as bJndraisiNJ costs. •) cha￿tsb1• a￿¥111• Costs of charitable acli¥4ties compnse all costs incurTgJ in pursuit Oft￿ chanta￿e oty'ects ol the Chanty. ThÈst costs. wh¢r¢ not whdly attnbutabltr, ¥¢ aFPOrtionsd tel￿￿eTh th8 e8t890ri8s ol charitable expenditur8 In addition to th8 direct costs. Th& total costs of each categw of charitable eXFen&'twe thwetse include SLWYt ccffjts. as in [￿te 8. Flxed A••gts al Flxed Awt In￿•￿0n1• Fixad asset In￿Stm&nIs arè Inrtially r8ecg1Isl at thair tr)SaCt￿n 8r8 Subs￿u0nIIY measured at th•r fa'r (market as at balance sw dale Statement ol Financial Acli¥ilies Ir￿1[￿je$ t￿ rel ¥ThJ lo¥¥es wsiThJ ￿ fewluation aThd digp)¥al$ thrOug￿lut the year. auoted stocks a￿1 Sha￿ are I￿luded in the balance al Mid￿arket price. ex4iKideTrJ'. and other In￿StMeN fixed 0¥seis a￿ In¢lthJ¥d at tho Trust¢o'$ b¢st sstim¥t¢ of mathet wlw. The main fom) ol financial nsk frdcsd by tf Charity Is that of v)latilrty in aquity ma￿ètS and i￿tMent marfLets due to wder econcnic ccThJIti￿. atti1￿)e of in￿t(￿ to instment risk, and chaThJÈs in $entim¢N ¢¢ncÈmiThJ ¢qurti¢s wthin portieulor $¢ctors c Sub $¢¢1￿. Further lnfom)8ti￿ on thè c￿"tyS instmants can b8 found at nota 15. Other A8Eets and Llabllltiè al Stock8 Stocks are stated at the l(h%er olcc6t. usir¥J the first in first cmjt rnet￿. and net realisable lue le5timated selling price less costs to c(wnrJele arnl sdll. bl Debtor8 Qkbtors a￿ amounts Lhved to Charty. aThJ are meaSUr￿j on ￿ basis 0fth￿r reCthera￿e amount. el Cash and Cash Equival•nts Cash at bank and In hand Is hdd to meel the day to day runnirg cc6t$ of Charity as they fall duè. Cash £qui￿lent$ ate shct term, highly liquid instments, usually in 9) day ntstica Interèst bearing salings accounts. 321 age

UNWERSITY HOSPITALS COVENTrY AND WARWICKSHIRE CFiARITY Ngtesto the finan¢ial slatrments for the year ended 31 Mor¢h 2025 l¢ontinuedl dl ¢￿ditorS Creditor5 ar8 8m(xJnts in 202>241. Othw than the transactiorts summans&Y ab￿. durirKJ the year rthe Oft￿ tnBtees N memters olthe key managernent staff or part￿S rBlat8d lo thern ha5 urthrten any rnaterial transactions %ith Charity. age

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2025 (continued)

3 Analysis of Income from Donations and Legacies

Donations
Legacies
Grants		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024/25
2023/24
£000
£000
£000
376
4
380
383
32
2
34
1,531
2
0
2
23
410
6
416
1,937

4 Analysis of Income from Other Trading Activities

Trading
Charity Events
Games of Chance
Gift Aid on Sponsorship Income		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024/25
2023/24
£000
£000
£000
41
0
41
19
72
0
72
11
5
0
5
4
24
0
24
11
142
0
142
45

5 Role of Volunteers

Volunteers support the Charity by assisting with a variety of administrative and fundraising tasks including office duties and counting cash.

6 Gross Income From Investments

Fixed asset equity and similar investments
Short term investments and cash on deposit		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024/25
2023/24
£000
£000
£000
£000
84
0
84
82
121
7
128
84
205
7
212
166

7 Analysis of Expenditure on Raising Funds

Fundraising office
Fundraising events
Goods for resale
Fundraising Other (including support)		 Unrestricted
Restricted
Total
Total
Funds
Funds
2024/25
2023/24
£000
£000
£000
£000
108
6
114
74
40
2
42
0
8
1
9
0
79
2
81
57
235
11
246
131

34 | P a g e

UNThIERSITY HOSPtrALS COVENTRY AND WARWICKSHIRE CHAWTY Notes to the finan¢lal statementsfor the year ended 31 March 2025 Icontlnuedl Analys18 of Charltsble Expendltyfe The Charity did not undertake any direct charitJle actiKities on its wi aCcO￿t during the year. All of charitable 8x￿ditur￿ Wds in th8 frjrrn of grant fiJndir¥J. Th8 majonty of grants mad8 to unl￿[sity H05Pitals Cowitry arKI Warwickshir8 NHS TnJ5t and the c￿entry aThJ WaMckshire Patnership NHS Trust Grdnts Funded 2024125 Support Co8 2024125 £ooo' 109 22 Totsl Total 2024125 £ooo' 1,379 527 79 2023124 £000 391 243 Patients weltare and amenities Staft wtlfare aThJ amenbties R8S8arch 1,270 72 138 637 Patients welfare and amenities irtlLths grants ￿r equiwent use(1 In direct patient t￿atrnent Staff ￿lfare and ameneties i￿ludeS grants ts staff trainiThJ & education Analyql8 of Grants The Charity does not make grants to I￿.11￿U￿3. All grants are paNI to NHS organisations or oth8r organisation3 in tsrtherance of the ¢hantabb tyli Ths InJ$t¢¥s ¢pÉr¢ 0 schom¢ of ￿¢g#tic￿ fry th majority offiJnd$ uThJèr thich fijnd •Y4$ors manag8 ex￿￿￿￿uro trom thos& fvnds in acc¢xdance wth guida￿0 ap￿￿￿ by the trustees. Grants Numbor Fundgd of Gronts 2024125 2024126 £000 1,783 Unioity Hospt8ls Co¥entry W8NMck$hir• NHS Trust co￿ntry and Wawckshire P¥tr￿h￿ NHS Trust Other organisatior 124 32 156 10 Movements In Fundlng CofflrnllJngnts The ta￿e telow $n$ly3e8 mownent in luTrJirfj wnmrtrnents durir9 ye•r Current Non£urrent Liabiliti•$ Liabiliti88 3110J2025 3110Y202S 31102025 3110312024 £000 550 462 Totsl Tot•1 OFening balance11 A￿11) Additional cornmilrnent5 made in ye8 Transfer t￿(tr(mI Ckbtors Arnoun¢s paid dunng the yeart. Closing balanc•131 Mawehl 1.847 1,847 467 1195 467 2,195 21 806 The analysis of ¢￿ditOrS aLkne only irtlLKltss tfKtse sums tdating tts gtants payable and exclud6s Cr￿li10r$ related to ffjeratir¥J costs. sums analys￿ ill theretse &Jual the accnjals for grants payable In not8 19. 'Commitrn8nt5 only Incl￿8 grants to Sett￿ by cash (xrtnows larKI exclLuJ8 tra￿[8[5 of other assets) aThJ are shcTh￿ net of any grant re￿SaI$1cartellatlC1ls. age

UNWERSITY HOsP￿ALs COVENTrY AND WARWICKSHIRE CHARITY Notes to the financial slatements for the year ended 31 March 2025 Icontinuedl 11 location ofsupport Goand Overheads Support and 0￿rhead costs include gwrrl3r￿e arKI adminislraliie costs but exclude the direct Costs of fundraising actiiities. Gokemance costs are those costs ¥thich relate to the strategic and day to day management of a charity. Support and 0￿rhead lincluding gwmance) costs are allocated to actiiities {grant giiing and fvndraisingl on the bllowing basis.. 81 Gokpmance cos15 are apKMNlioned between ￿ndraiSIng acliiilie$ and charitable 8Ctiiilies in proportion lo the dire¢l ¢osts of grants awarded and fijndraising ¢osl$ in¢urred bl Costs reling lo the administrati￿ of grants are charged lo charitable actiiities based upon an estimate of lime sp8nl. Costs are apportioned directly lo Ihe appropriate actiiity where possible. otherwise they are apportioned befv￿n actiK4ties on an appropriate basis le.g. time spent) Estimated actiiily costs are charged to ￿ndS on a monthly basis based upon the ￿lue of grants awarde<l and income weid for each tsnd. The balance ol support and orhead (including gomancel costs are apkx)rtioned based upon fvjnd balances. Raising Funds £000" Charitable ActivitieB £ooD" Totsl 2024125 £000" Totsl 2023124 £000 10 Expendilu 127 Time 28 Time 32 Expenditure 197 Exlemal audit Charity team Finance team Other costs Total 91 19 21 138 127 28 31 197 10 59 Unrerfctsd Funds Restrictsd Fund¥ £000" Totsl 2024125 £000" 59 138 197 Totsl 2023124 £000 22 175 197 Raising fvnds Charitable actiiities 59 121 180 17 17 12 Trustee Remuneration. Benefits and Expenses No remuneration. beneffts ex￿Se$ ￿Te payatle lo the Charity Iruslee5 in 202412512023124 Seè note 2 for related party transactions. age

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2025 (continued)

13 Analysis of Staff Costs and Remuneration of Key Management Personnel Analysis of Staff Costs and Remuneration of Key Management Personnel Analysis of Staff Costs and Remuneration of Key Management Personnel
2024/25 2023/24
£000 £000
Seconded and agency staff 31 6
Salaries and wages (directly employed) 183 177
Social security costs 14 10
Other pension costs 12 12
Total 240 205
Average number of employees (headcount) 5 5
The number of employees whose remuneration (including benefits in kind but excluding employer
pension contributions and employer social security costs) exceeded £60,000 was as follows:
Salary Band
£70,001 - £80,000 0 0
£80,001 - £90,000 1 1
14 Auditor's Remuneration
2024/25 2023/24
£ £
The auditor's remuneration for the year (excluding VAT) was 8,925 8,500
15 Fixed Asset Investments
~~1~~5.1 Movement in Fixed Asset Investments
2024/25 2023/24
£000 £000
Opening balance (UHCW NHS Trust Charity transfer) 3,371 3,098
Add: additions to investments at cost
Less: disposals at carrying value
Add: net gain/(loss) on revaluation (136) 273
Market value at 31 March 3,235 3,371
~~1~~5.2 Fixed Asset Investments by Type
2024/25 2023/24
£000 £000
CCLA COIF - Investment Fund 2,936 3,079
CCLA COIF - Fixed Interest Fund 299 292
Total 3,235 3,371
The CCLA COIF - Investment Fund is a common investment investment fund managed by CCLA which
has a mixed portfolio of investments - the funds asset allocation as at 31 March 2025 included:
Overseas Equities 56.73%
Infrastructure and Operating Assets 7.38%
UK Equities 8.14%
Fixed Interest and Cash/Near Cash 16.78%
Other 10.97%
The CCLA COIF - Fixed Interest Fund is a common investment investment fund managed by CCLA
which has a mixed portfolio of investments - the funds asset allocation as at 31 March 2025 included:
Corporate Bonds and Other 73.29%
Overseas Government Bonds 24.48%
UK Government Bonds and Cash/Near Cash 2.23%

37 | P a g e

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2025 (continued)

16
Stocks
Finished goods held for sale
Total stocks		 Total at 31
Total at 31
March 2025
March 2024
£000
£000
35
34
35
34

Finished goods held for sale comprise a number of lines of Charity branded products (such as t-shirts, face masks, mugs etc.).

Items of stock are generally held for sale, although a small proportion is given away free of charge for promotional/marketing puposes.

Stock recognised as an expense in cost of sales (or as promotional/marketing) during the year was £7,000 (£6,000 in 2023/24).

17 Analysis of Current Debtors

Amounts falling due within one year:
Amounts owed by UHCW NHS Trust
Prepayments and Accrued Income
Total debtors		 Total at 31
Total at 31
March 2025
March 2024
£000
£000
1
1
44
51
45
52

Accrued income includes £24,000 for investment income for the final quarter of the year (£22,400 in 2023/24)

18 Analysis of Cash and Cash Equivalents

18
Analysis of Cash and Cash Equivalents
Cash in hand and at bank
Total cash and cash equivalents
19
Analysis of Creditors
Amounts falling due within one year:
Amounts owed to UHCW NHS Trust
Other Trade Creditors
Taxation and social security
Other pension costs
Accruals and Deferred Income
Accruals for grants payable
Total creditors*		 Total at 31
March 2025
£000
2,654
2,654
Total at 31
March 2025
£000
21
7
5
2
11
2,195
2,241		 Total at 31
March 2024
£000
2,710
2,710
Total at 31
March 2024
£000
14
6
2
4
10
806
842

** grants payable relate to sums awarded but not paid to UHCW NHS Trust and CWPT NHS Trust. Grants are normally paid over to beneficiaries upon receipt of an invoice and evidence of the expenditure incurred.

38 | P a g e

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2025 (continued)

20 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Net income/(expenditure) for the year (as per the
Statement of Financial Activities)
Adjustments for:
Dividends, interests and rents from investments
(Gains)/Losses on investments
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities		 2024/25
£000
(1,461)
(212)
(1)
7
1,399
(268)		 2023/24
£000
1,380
(166)
(3)
(27)
267
1,451

21 Transfers Between Funds

Transfers between funds usually occur when:

(i) funds with similar objectives can be merged to enable more effective use of the funds

(ii) new information about the intended purpose of a donation is identified

(iii) Trustees consider that unrestricted funds can be used more effectively by combining funds

22 Analysis of Funds

~~2~~ 2.1 Reconciliation of Total Fund Movements 2024/25

Restricted funds
Unrestricted funds
Total		 Balance
b/f
Income Expenditure
Inter-Fund
Transfers
Gains and
Losses
Balance
c/f
£000
£000
£000
£000
£000
£000
701
13
(486)
(10)
0
218
4,624
757
(1,745)
10
(136)
3,510
5,325
770
(2,231)
0
(136)
3,728

~~2~~ 2.2 Analysis of Restricted Funds Movements 2024/25

Name of Fund
R900 Doctor & Nurse Training Fund
R656 CWPT Staff Wellbeing Fund
R997 UHCW Staff Wellbeing Fund
R655 Ashby House - Mental Health
Aggregate Other Funds
Total		 Balance
b/f
Income Expenditure
Inter-Fund
Transfers
Gains and
Losses
Balance
c/f
£000
£000
£000
£000
£000
£000
520
6
(384)
0
0
142
77
0
(61)
(10)
0
6
51
3
(13)
0
0
41
36
3
(27)
0
0
12
17
1
(1)
0
0
17
701
13
(486)
(10)
0
218

Description of Nature and Purpose of Fund

R900 To support the training and development of medical and nursing staff R656 To support staff wellbeing at CWPT

R997 To support staff wellbeing at UHCW NHS Trust

R655 Support mental healthcare services provided at Bramcote Hospital, Nuneaton, Warwickshire

39 | P a g e

UNIVERSITY HOSPITALS COVENTRY AND WARWICKSHIRE CHARITY

Notes to the financial statements for the year ended 31 March 2025 (continued)

~~2~~ 2.3 Analysis of Unrestricted Funds Movements 2024/25

Balance Inter-Fund Inter-Fund Inter-Fund Inter-Fund Gains and Balance
b/f Income Expenditure Transfers Losses c/f
Name of Fund
£000		 £000 £000 £000 £000 £000
8423 Trustees Fund
49		 64 (670) 1,477 (136) 784
8864 Cancer Ward Fund Walsgrave
(oncology)
776		 62 (52) (249) 0 537
8722 Cardiology
329		 21 (26) (106) 0 218
8742 Neonatal Department Trust Fund
131		 68 (33) (47) 0 119
5032 Diana Childrens Community
Nursing
168		 8 (6) (54) 0 116
8421 Maple Unit - St. Cross
76		 74 (14) (24) 0 112
8755 Intensive and Critical Care
140		 10 (12) (45) 0 93
8765 Renal Care and Dialysis
114		 24 (10) (36) 0 92
7004 Trauma and Orthopaedics
142		 8 (14) (46) 0 90
8726 Breast Care Fund
109		 8 (9) (35) 0 73
7887 Bereavement Suite
71		 39 (15) (23) 0 72
8710 Jeremy Pilcher (Dr) Memorial Fund
106		 5 (6) (34) 0 71
8450 Ophthalmology General Care Fund
101		 6 (6) (32) 0 69
8855 Haematology Development Fund
112		 9 (17) (36) 0 68
8861 Cancer Research Fund
154		 27 (70) (50) 0 61
6380 St Michaels General Fund
80		 17 (17) (26) 0 54
2095 General St Cross Hospital
100		 9 (27) (32) 0 50
8990 Community Palliative Care
51		 12 (2) (17) 0 44
8405 Respiratory
61		 4 (4) (19) 0 42
8931 General UH
673		 58 (485) (216) 0 30
8761 Urology
68		 14 (31) (22) 0 29
8422 Robot Appeal
66		 17 (51) (21) 0 11
Aggregate Other Funds
947		 193 (168) (297) 0 675
Total 4,624 757 (1,745) 10 (136) 3,510
Description of Nature and Purpose of Fund
8423 For general purposes of the Charity
8864 Benefit of patients & staff within Cancer Services
8722 To enhance the care of patients by funding new services, facilities
8742 To improve patient care, patient and facilitate staff training and development
5032 To support services provided by the Diana Childrens Community Nursing team
8421 To benefit the patients, family and staff of the oncology service in the Maple Unit
8755 To enhance the care of patients by funding new services and facilities
8765 To enhance and support renal care and dialysis services
7004 To enhance the care of patients by funding new services and facilities
8726 To fund the capital works for a new screening and mammography centre in the City of Coventry
7887 To support the Maternity Bereavement Suite at University Hospital
8710 Research and development, and Clinical Facilities For Cardiac Patients
8450 To enhance the care of patients by funding new equipment and services
8855 Improving environment, education and training, equipment, staff and patients
8861 To fund cancer related medical research projects
6380 For general purposes at St Michael's Hospital
2095 Improving patient care as well as staff welfare and training
8990 To support palliative care services in Coventry and Warwickshire
8405 To enhance the care of patients by funding new services, equipment
8931 For general purposes at University Hospital
8761 To enhance and support urology services
8422 To support the procurement of new robotic surgery equipment

The above funds have been accepted by the UHCW Charity without trust being imposed and hence are classified as unrestricted. However, the Trustees have determined that the funds will be designated for particular purposes in order to satisfy (as closely as possible) the donors' stated preferences as to how the funds should be expended.

During 2024/25 the Trustees transferred £1,477,000 (representing the cumulative unrealised gains on investments compared to purchase price at 31 March 2024) to the Trustees Fund from other unrestricted funds. These gains (and losses) had notionally been allocated across all unrestricted funds at each year end but reversed at the start of the following financial year. Future gains/losses on investments will be allocated to the Trustees Fund. Trustees believe that this will provide greater flexibility on how funds can be spent.

40 | P a g e

UNhlERSITY HoSP￿ALs CCWENTRY AND WARWICKSHRE CFiARffY Note$k> the Ilnandal aatementsfr)rthe year enthd 31 March >)25 Iconlnuedl ?24 Reeonell1l￿ of To￿1 FundMoThiemsflWor Ye•ra)2Y24) Imef. Fun4Y Galnslnd Bal¥￿1 lobe 1941 16741 701 4.624 4325 3.526 16n 1.499 273 273 Toi&l ?25 AnalyslsiRestri¢#ed FuThts MoveMems(I￿0r Yev2023124) £y•nLlltui• Tr•nthr8 Lo8 Il•me Or￿nd R9CiI & N£ws• F¢rrtl ROM CWPT St1 Wellbry Fu R997 St•M W•llb•ry Fu Othw (Sfl (2J 19 146 Tc 649 701 S•• rnt• 222 ftylurn¥th¢n"rtioA ?2.6 An1￿1$￿ Lthr•yrf¢xed Futhys Alovn•)ts(Pthr Y•w xry24) lftiw. 8Jl•n Lo• ￿￿e ol ￿ftd 311 4Q3 J23 17 1911 140 90 776 8931 u 8722 Cwth'doqy 32 134 8861 lèbs•vcii T004 Tr•urn• orthW￿¢¥ 8755 In1•nSi￿ xl Crtical Cw• 8742 N•)ry￿ D•p•rtrnw Fu¥d 8785 Rwral C•? 142 24 22 131 114 112 22J 16 8726 B&wt C•rn Ftxkl 8710 J4vwnyPiklw (Trj lknrKwr'•l Fthd 84￿ Otip81Trx4cgy Carn Fuxt 2095 St C4w Trtsp¢•l 63￿ St lfv¢ly8ets Gener8ff 8421 Mwi• Unk. Sl. C>tsss 7887 B8reawenrt Suit• 8761 U 8422 Rdjcé AKW A55v¥q• OtTrWF￿¢ts (5J (3J 107 105 (3J 12 70 46 141 (2J io 33 18 1. 108 4624 To 1526 (674) 273 See note 223 The ab￿ fiJTrJs how been acceO•Y by tho VHCW (￿WitY without trust b8w imFoS ond hence are clas5ifed as unrestrict￿. Howffiv. the T￿￿te&S ha￿ dEtermined that ￿ndS ￿11 thsignated br FerticuLgr WIF￿8$ in ¢yderto satisfy la8 cbsdy as F#)SSi￿8) the dC￿Or8. stated weknc8s as to how the fund¥ Sho￿1 9X￿¢I. age

UNWERsrrY HOSPITALS COVENTrY AND WARWICKSHIRE CHARr Notes to the financial lernentsfor the year ended 31 Mar¢h 2025 l¢ontinuedl 23 Analws of Other Galnsand Lms DurirrfJ 2024125, twe ￿re no Ot￿ gair6 aThJ losses ircwed1202Y24 £nill. Contlngen¢lt$ The financial stat&nents present&J excI￿Je the contirKJencies." 202￿25 202J24 £000 Contiroent Assets ContirvJent Liabilrtiès Ihe contingent 855et ts 2024125 relate5 to legacies lone of vknich h8s b88n cani fr)￿ard frcm 20231241. These ha teen notifi&J to Chanty, but they do not meet the criteria br accrual las set (xrt in Th)te 1.&Jl The Wies ha￿ estimated lues of £180,ooK) aThJ £150,￿1. contingent 855et fcf 2023124 relate5 to 8cy %thich has notified to Chanly. but wthich Th)t meet cntena fi)r accnjal las set out in note 1.5bl ith an estirnat&Y le1￿ of £180.C( Conn¢ctsd Ory¥nlllon• 2024125 Net Surplust IDgficltl for th• Conn•¢t•d Organ18atbon Tumovor of Conn•ctsd Organlal￿0n N•m•, naturn ol conn•dlon, •nd dgxrlpwon of a¢￿VIll•S undgrtak•n UnI￿rS1tY Hospitals Cow)try arK1 WarwckshI￿ NHS Tlusl. a major acute taachin9 hospital proiidiNJ NHS healthcare seNces pnmarily to the t￿mUnIty ol Co¥enlry and WaThMckshir8. 1.125.525 {17.6841 Whilst tht Unl￿￿ltY Hosptas Co¥entry Warwekshire NHS Trust was tht main beneficiary ol Grants made by the Charity ¢Junng the year. Charitaue Grants were also rnade to C￿ntry Warwckshire Partrership NHS Tntst In addilion to beirg a main trtheficiary of the Charity. VniKer5ity H05Pitals Cowtry and WaTh*ickshire NHS Trust also nc¥ninattss a miTh)trty number ir￿1￿1duals to seTre as t￿￿tee$ ol Chanty. See Th)te 2 to the accounts t)r relat8Y party transaction intffjrnat￿n. 421 age