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2025-03-31-accounts

1 April 2024 - 31 March 2025 Annual Report and Accounts Together, we improve patient care and NHS staff wellbeing across Northamptonshire. Fundraising For...

NHS Group

01604 626927 nhcharity.co.uk greenheart@nhcf.co.uk

Northamptonshire Health Charity Northampton General Hospital Springfield Cliftonville NN1 5BE

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Contents
About our Charity 04
Fundraiser spotlight 08
Corporate fundraising 13
Our current appeals 16
Our impact 19
Special thanks 26
Report of the Trustees 27
Financial statements 31
Auditor’s report 47

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About Our Charity Together, we improve patient care and NHS staff wellbeing across Northamptonshire.

We are the dedicated charity for University Hospitals of Northamptonshire (Northampton General and Kettering General Hospitals) and Northamptonshire Healthcare NHS Foundation Trust (NHFT), as well as supporting healthcare across the county.

Thanks to the generous contributions from our donors, fundraisers and supporters, the funds we raise are used to enhance patient care beyond the level possible through NHS funding alone.

This means we can bring to life initiatives that will help transform care locally and nationally. In the future, we will work with the Integrated Care System (ICS) to support projects that tackle health inequalities across Northamptonshire as well as prevention initiatives. By extending our reach beyond our hospitals, we aim to address broader community health needs and make a lasting impact on the long-term health of our local communities.

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Our 2024-2027 Strategy

Sustainable income generation

Support patient care pathways

Enhance environments across estates

Support the Trusts’ sta� wellbeing and development

Opportunities to support integrated care

Our Vision is to improve healthcare and wellbeing for all across Northamptonshire, delivered in collaboration with our partners.

Our enablers

Unrestricted income

A focus on increasing unrestricted income will allow us to do more for patients and sta� across the Trusts

High value income

We will increase our high value supporter income with dedicated resource to focus on corporates, grants and major donors

Funds management

We will simplify and improve the application process, and reduce number of funds to allow more equitable expenditure.

Capability and resource

We will invest in and develop the charity’s capability, capacity and resources to enable high performing teams to deliverincreased income and expenditure

Measurable outcomes

We have implemented performance driven measurable outcomes to monitor progress and ensure we are delivering on our objectives

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Foreword

Sushel Ohri

Charity Chair

Our ambition is simple: to grow income sustainably so we can do more for our local hospitals and healthcare services. The more we raise, the more we can support improvements to patient care beyond that which the NHS can fund.

This year, our strategy came to life. We consolidated unrestricted funds, enabling spending across multiple departments and patient pathways. Funding is now aligned to three strategic areas: patient pathways, enhanced environments, and sta� wellbeing and development.

We also refreshed our brand, making our name and communications clearer to reach new audiences and strengthen our fundraising message. We are modernising our grant-making process, replacing paper applications with an online system to improve the process for NHS sta�. This reflects our broader commitment to transparency, accessibility, and impact.

A key decision by the Trustees has been to invest in growing the Charity team. Despite economic challenges, we remain committed to building income from diverse sources. These changes reflect the innovation and ambition we are proud to support, showing how strategic investment can deliver long-term impact. While this may a�ect shortterm financial ratios, it is designed to increase income, enable transformational projects, and maximise the use of our funds to enhance patient care.

I want to thank my fellow Trustees and the Charity team for their dedication and hard work. Their commitment ensures we remain focused on our mission to transform patient care in Northamptonshire.

On a personal note, I will be stepping down as Chair next financial year. It has been a privilege to serve, and I am deeply grateful for the support I have received throughout my tenure.

Jonathan McGee

Chief Executive

Thanks to our generous community, we raised over £1.2m this financial year, reflecting both gratitude for care received and a shared desire to enhance our NHS.

This year has been one of successful change, marked by new initiatives, a growing Charity team, and stronger finances. We are building a stronger, diverse income portfolio, that seeks to significantly grow income over the next five years. Through fund consolidation, we are using our resources more e�ectively to support projects with the greatest impact.

A key initiative was launching unrestricted face-to-face fundraising at Northampton General Hospital, projected to generate over half a million pounds annually by 2030, with further growth as we expand to other Trust sites.

We are encouraging unrestricted donations to support all areas of patient care, while continuing our targeted appeals for Twinkling Stars, the Daisy Suite, Sensory Rooms, and the Children’s Play Area.

We have also delivered capital fundraising at pace. Our High Intensity Focal Therapy appeal, aimed at raising £450,000 for pioneering prostate cancer treatment, the first in the NHS in the East Midlands, quickly surpassed its target. My sincere thanks go to Mr Maurice Thompson, whose vision initiated the appeal, Consultant Urological Surgeon Mr Chandran Tanabalan, whose team envisioned the service, and to the donors, organisations, and public who supported it. As someone who was diagnosed with prostate cancer during this campaign, it was a powerful reminder that we never know when we or our loved ones might benefit from such initiatives.

I must give a special thanks to our Chair, Sushel Ohri, who is stepping down; his guidance has helped shape our path to greater impact and I am deeply grateful for his wisdom. Finally, my thanks go to our incredible NHS sta� and supporters: from fundraising events to individual e�orts, your creativity and commitment inspire us. Together, we help our NHS go further.

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Income and expenditure overview

In this financial year we raised: £1,258,000 For every £1 that we spent on fundraising we raised £2.83

How we spent the money

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equipment service and estates welfare and training
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We are reliant on charitable donations, an important part of which is the money raised by our selfless fundraisers. Here are just some of their amazing stories.

Strictly NGH: a dancing event held by NHS sta�

The Strictly NGH event brought together 21 NHS sta� members and professional dancers, who together raised over £13,000 for Northamptonshire Health Charity.

Organised by the Volunteer Services at Northampton General Hospital, the event celebrated the importance of funding for patient and sta� initiatives at the hospital, including projects like the indoor and outdoor buggies.

“It felt like a huge party. I would like to thank Northamptonshire Health Charity for all their support throughout this event”

Mia Tysoe, the Strictly NGH Winner

Vincent’s Wing Walk for CCU

Vincent, a patient who received life-saving care at the Critial Care Unit (CCU) at Northampton General Hospital in 2022, took on a wing walk challenge to raise funds to say thank you.

His experience and recovery were supported through the hospital’s Critical Care Follow-Up Service, which provides peer support to former CCU patients. Vincent’s fundraising e�ort shows his gratitude and helps ensure that other patients continue to receive exceptional care.

“I remember nothing about my time in CCU. All I know is what my family told me - which was that it was likely that I may not come back out. So I thought I’d give something back.”

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Comedy night raises funds and smiles

Graeme Scott from Irchester wanted to host a comedy night to thank the Centenary Wing team at Kettering General for the care he received during his treatment for cancer. As a lifelong comedy fan, he was determined to give something back.

Sadly, Graeme passed away before the event could take place. But his family and friends honoured his wish, to bring his vision to reality. On 22 September, the Rushden Historical Transport Society Goods Shed was packed with laughter, all in memory of Graeme.

“Graeme lived life to the full. He loved his sport, his comedy, and of course, the Cobblers. He wanted to keep his mind active while o� work, so we started planning the charity night together. It’s been so special to carry that forward in his memory.”

Graeme’s family.

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Daredevil Daisy takes on a skydive for Skylark Ward at Kettering General

While working as a Health Care Assistant at Kettering General Hospital, Daisy saw first-hand the need for better support for children and young people with additional needs. Inspired to make a di�erence, she decided to take on a daring skydive to raise funds for the Charity to support her application for funding.

Thanks to her e�orts, the ward is now able to

provide sensory toys, weighted blankets, and noisecancelling headphones, that help to make the hospital environment more comfortable and calming for some of its youngest patients.

Daisy’s fearless fundraising shows how one bold act can bring lasting comfort to many.

Bereavement Midwives at NGH hold a ball for our Daisy Suite Appeal

Inspired by their personal and professional experiences of baby loss, the bereavement midwives at Northampton General Hospital organised a charity ball during Baby Loss Awareness Week.

Held at The Church Restaurant in Northampton, the event raised over £3,500 for the Daisy Suite Appeal, which aims to create a more private and supportive environment for families experiencing baby loss. Guests enjoyed live music, delicious food, and plenty of dancing, while ra�le prizes donated by local businesses proved a big hit.

The evening was a huge success, combining compassion, community, and fundraising for an important cause.

Netball Tournament nets funds for our Twinkling Stars Appeal

Student Midwife Bayleigh organised a charity netball tournament to support families a�ected by baby loss, inspired by her experiences at Kettering General Hospital. The event raised over £3,000 and brought together student midwives, NHS sta�, friends, and family. Bayleigh now plans to make the tournament an annual tradition, continuing to raise vital funds for the Charity and helping provide comfort during their most di�icult times.

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Running in the family: Jo takes on the Northampton Half Marathon

Jo and her family ran the Northampton Half Marathon in memory of her cousin, Rob Powell, who worked for the Charity and tragically passed away.

“He was just a wonderful, wonderful person, the kindest, kindest man and he raised so much money for this Charity and we really wanted to try and do the same today in Rob’s honour”

Jo fundraised in memory of her cousin

Jo’s e�ort was a tribute to Rob’s kindness and his long-standing support for the Charity. The funds raised will help continue Rob’s legacy of giving back to the community through healthcare improvements.

Thanks to the support from the organisers, the event was held in Rob’s memory with a mintutes silence and a trophy awarded to the runner who raised the most money for Charity. The trophy in Rob’s memory will be used in future Northampton Half Marathons for years to come.

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Northamptonshire businesses have a long history of supporting their local hospitals, with many funding the opening of NGH in the 1740s. Today, many businesses continue this tradition of supporting enhancements to healthcare across the county.

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Hampton by Hilton Corby’s Fundraising E�orts

Hampton by Hilton Corby’s team raised an impressive £2,577.69 for our Twinkling Stars Appeal at Kettering General Hospital.

Sta� have thrown themselves into a wide range of activities, from skydives, car boot sales, and ra�les, to fancy dress and a 24-hour sponsored silence by their general manager. Highlights include donating nearly 60 teddy bears, each raising money for the appeal.

The funds raised will help enhance the maternity suite and provide a more comfortable environment for families in need.

Nene Valley Crematorium Donation to Kettering General Hospital

Nene Valley Crematorium donated £11,600 to the Intensive Care Unit at Kettering General Hospital.

The funds were raised through the Institute of Cemetery and Crematorium Management (ICCM) metal recycling scheme, which allows metals recovered from cremations to be ethically recycled, with the proceeds donated to charity.

Charity of the year: Snap-on Tools

Snap-on Tools, based in Kettering, chose us as their Charity of the year in support of our Twinkling Stars Appeal. Inspired by the appeal’s purpose to help bereaved parents at KGH, the team have shown incredible dedication through a series of fundraising events throughout the year.

These included taking part in the Northampton 10K, hosting Easter ra�les, running monthly tuck shops and bake sales, and organising their popular annual car wash. Together, their e�orts have raised over £2,700 so far, making a meaningful di�erence for local families supported through our Twinkling Stars Appeal.

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Sensory Room at Kettering General Hospital funded thanks to Dickerman Group donation

As part of the company’s 50th anniversary celebrations Kettering-based business, Dickerman Group, has funded a brand-new sensory room in the Children’s Emergency Department at Kettering General Hospital.

The new space will provide a calming and supportive environment for children who may feel overwhelmed during emergency visits, particularly those with sensory processing di�iculties, autism, or anxiety.

“Celebrating our 50th anniversary in this way is incredibly meaningful both personally and professionally. We hope this sensory room provides a haven for the children who need it most.”

Rory Finlay-Notman, Dickerman Group Managing Director

Before:

After:

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As well as encouraging general donations so we can support our NHS where the need is greatest, we also have some specific fundraising appeals.

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Being in hospital is an anxious time for children and so play is vitally important in helping to alleviate some of that anxiety and stress. We have been raising funds to improve play facilities for children on the Disney and Paddington Wards at Northampton General Hospital.

The new outdoor space will o�er new play activities, enhanced physiotherapy options and improved accessibility for all children, including those with physical disabilities.

We are seeking support to create the Twinkling Stars maternity bereavement suite at Kettering General Hospital, which will o�er help and support to families grieving the loss of a baby when they need it most.

Currently, the bereavement room is located within the labour suite, intensifying the emotional strain. The new suite will provide a dedicated, private space for compassionate care at an extremely challenging time.

Comfort and care in times of loss

Daisy Suite Appeal

As at Kettering Hospital, we have also been raising funds to create a dedicated bereavement suite for families who experience the loss of a baby at Northampton General Hospital.

This private space will o�er emotional support and practical help from specialist Bereavement Midwives, separate from the maternity unit.

Creating Calm Through Care Sensory Spaces Appeal

Our Sensory Space Appeal is raising funds to create calming, accessible environments for people supported by NHFT and KGH.

These spaces will o�er meaningful support through tailored sensory equipment and design, helping people feel more comfortable during care.

For our latest fundraising totals, please visit: nhcharity.co.uk/appeals

Please note: In the event we exceed or fall short of our fundraising targets, funds raised will be allocated to projects as close to the original intention as possible.

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Focal Therapy Appeal

We are fundraising to bring focal therapy to Northampton General Hospital, o�ering a more targeted, less invasive treatment option for prostate cancer.

This appeal was initiated by Mr. Maurice Thompson, who after identifying that nowhere locally was o�ering HIFU/focal therapy treatments under the NHS, wanted to make it available to as many people as possible. Maurice approached UHN and the Charity with his vision and we were delighted to back this.

As campaign chair, Maurice helped galvanise the community into supporting this crucial appeal. Traditional treatments like surgery and radiotherapy impact the whole prostate and can carry risks of long-term side e�ects. Focal therapy aims to treat only the a�ected area, preserving healthy tissue and lowering chances of complications.

This approach promises faster recovery, improved quality of life, and better diagnostic precision. Your support will help us reach the fundraising target, enabling University Hospitals of Northamptonshire to become one of the first NHS centres in the Midlands to o�er this suite of focal therapy treatments.

“Focal therapy o�ers significant advantages over surgery and radiotherapy treatments as it treats just the part of the prostate a�ected by cancer.”

Chandran Tanabalan, Associate Medical Director of University Hospitals of Northamptonshire

At the time of printing we have exceeded our £450,000 target (reaching £262,765.79 as of 31.03.25)

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Every donation we receive plays a crucial role in enhancing care, supporting patients and families, and improving hospital environments. Here’s a look at how your generosity has made a real di�erence.

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Northamptonshire Elf Service 2024: Spreading the joy of Christmas to sta� and patients in hospitals

This year, for the first time, our Christmas appeal focused on fundraising instead of collecting physical gifts.

Thanks to the generosity of members of the public, local businesses and community groups, local media outlets and members of NHS sta�, over £23,000 was raised to bring festive cheer to patients and sta� across Northampton General, Kettering General, and local community hospitals.

Funds came from donations, ra�le ticket sales, and Christmas card sales (with artwork kindly donated by local artist Emily Du�in).

This meant that every inpatient who was in hospital over Christmas received a suitable gift box. This way, we kept patients, sta�, and visitors safe through infection control, and were able to give presents that were both thoughtful and appropriate, with minimal waste.

Thanks to your generosity, we:

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Multi-Sensory Comfort Room at Berrywood Hospital

With the support of our community, we proudly completed a multi-sensory comfort room at The Burrows, a Child and Adolescent Specialist Inpatient Unit in Northampton. This innovative space is designed for young people with mental health and complex needs. It provides a calming environment, support for ASD and ADHD, and a safe space for occupational therapy and recreational activities.

The room helps young people to self-manage distress, supports early de-escalation, improves therapeutic activities, and enhances engagement in education. It represents a meaningful step forward in care, promoting healing and wellbeing.

Supporting Families Through Baby Loss at Kettering General

Parents facing the devastating loss of a baby at KGH can now be provided with a funeral service at no cost, thanks to the generosity of our supporter.

This service allows families to create a meaningful farewell without the additional burden of arranging or funding it themselves during such a di�icult time.

Funerals are arranged in partnership with Co-op Funeral Care and Warren Hill Crematorium, providing comfort and dignity when it matters most.

“I would like to say a big thank you to Northamptonshire Health Charity and all their supporters for making this possible. Without their support, we would not be able to o�er this service at such a di�icult time.”

Victoria Oxby, Bereavement Midwife at KGH

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Improving comfort and care in oncology at Northampton General

Finding a suitable vein to deliver chemotherapy can be di�icult, often leading to multiple, painful needle attempts.

Thanks to our supporters, patients in NGH’s oncology department now benefit from AccuVein, a hand-held device that uses infrared technology to project a visual map of veins onto the skin, allowing clinicians see the exact location, size, and path of veins before inserting a needle, reducing pain, bruising, and repeated attempts while making treatment more e�icient.

The device improves safety, patient comfort, and overall experience, and feedback from sta� and patients has been so positive that other hospital areas are now keen to adopt it.

Enhancing Environments: Multi-Faith Chapel at Kettering General

As well as providing funding and support for a number of religious, spiritual and wellbeing initiatives across our local NHS, thanks to your donations, we have enhanced and improved the Multi-Faith Chapel at Kettering General, making it not only a more comfortable and welcoming area, but also by providing it 12 new more durable, wipeable and comfortable seating. This means that it is now even easier to keep members of the public and sta� safe from infection.

“The new chairs in our Multi-Faith Chapel are a great addition to the quiet space we provide for patients, relatives and sta�. They are more comfortable, easier to clean, and enhance the welcome we o�er to everyone who visits.”

Mike Corcoran, Lead Chaplain at KGH

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Cool Caps for people receiving treatment for cancer

Denise was first diagnosed with breast cancer on Christmas Eve 2019. After treatment she was given the all-clear, but a few years later, she noticed an abnormality and sadly learned that the cancer had returned.

Through it all, Denise has remained incredibly positive and full of gratitude for the care she has received at Northampton General. One thing that has made a huge di�erence during her chemotherapy this time, is the use of a cold cap, which is a machine that may help reduce hair loss.

“The cold cap isn’t glamorous, it’s very cold, but I feel incredibly lucky to use it. It helps me feel normal again.”

Denise, a patient at NGH

Cold caps are not routinely funded by the NHS, but thanks to donations to Northamptonshire Health Charity, patients like Denise can benefit from this improved equipment.

Wanting to give something back, Denise has become a regular supporter of the Charity. Despite the challenges of treatment, she still spreads joy at the hospital with her “bags of hope and happiness” for sta�, and she treasures time with her daughters and grandchildren.

We are so thankful for Denise’s kindness and generosity, and we wish her the very best.

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A Helping-Hand for Neonatal Intensive Care at KGH

Thanks to the generosity of our supporters, the NICU at KGH is now able to provide specially designed devices that support the wellbeing of the hospital’s tiniest patients. Zaky Hug Hands are soft, weighted supports that replicate the reassuring touch of a parent or carer. They rest gently against a baby’s body, o�ering warmth and security when parents or sta� cannot provide constant contact.

This comfort is particularly important for babies receiving specialist care, where calm, regulated sleep and reduced stress are key to development.

“Thank you for providing the Zaky Hug Hands. They help babies sleep more peacefully and give parents reassurance when they cannot be at their side. Studies show they can improve weight gain and even shorten hospital stays.”

Claire Houghton, Sister Local Neonatal Unit at KGH

Supporting NHS sta� during Ramadan

Small gestures that acknowledge the diverse cultural and religious needs of NHS teams can have a meaningful impact on sta� morale. During Ramadan, Muslim colleagues fast from dawn to sunset, which can be especially challenging during long or night shifts.

We’re proud to o�er practical support during this important time, helping sta� stay nourished and hydrated outside of fasting hours. By doing so, the Charity not only supports their physical wellbeing but also helps them maintain energy, stay focused at work, and feel truly valued and included in the workplace.

“The Ramadan provisions were very well received and greatly appreciated by the sta�, especially those working night shifts. Thank you for making this initiative possible.”

Imam Mohammed Enayeth Rahman, Hospital Muslim Chaplain at NGH

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Providing a Space to Say Goodbye at KGH

Thanks to supporters, two dedicated spaces at KGH’s Emergency Department allow families to spend private time with a loved one who has recently passed, and to reflect and support each other away from the hustle and bustle of the clinical environment.

Decorated in calming pastel colours and fitted with comfortable furniture, soft furnishings, and dimmable lighting, the rooms provide privacy, comfort, and dignity during a very di�icult time.

These improvements enable sta� to o�er compassionate care, signpost families to support services, and ensure that even in challenging circumstances, families are treated with respect and sensitivity.

Going the extra mile for respiratory care at KGH

The KGH physiotherapy team took on the Amazing Northampton Half Marathon, raising over £1,000 to support our charity.

They then applied for funding for a Nippy Clearway, an advanced airway clearance device that helps people with weakened lungs clear respiratory build-up, reducing chest infections and readmissions.

Less invasive than standard methods, its remote control allows patients to safely self-manage parts of their therapy. We would like to thank Jordan Cornwell, Oliver Jones, Joe Edwards, Zoe Altham, Fiona Barrett, and the entire KGH physiotherapy team for making a real impact on their patients.

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Northamptonshire Health Charity would like to thank you for your support throughout the year. Your generosity has helped us enhance patient care and support the wellbeing and development of NHS sta� across our hospitals.

Every contriubution you make, whether through fundraising, volunteering, workplace giving, or individual donations, plays an important part in helping us do more for people in our local communities.

You have been at the heart of this collective e�ort. Individuals, families, community groups, and local businesses have come together with creativity and commitment to support our work. From sponsored challenges and workplace events to in-memory fundraising and community activities, each e�ort has helped us strengthen patient pathways, enhance environments, and support sta� wellbeing.

Your kindness reflects the appreciation so many people hold for the care they or their loved ones have received.

Together, we improve patient care and NHS sta� wellbeing across Northamptonshire.

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The report of the Trustees

The Trustees of Northamptonshire Health Charitable Fund (working name, Northamptonshire Health Charity) present the Charitable Funds’ Annual Report together with the Audited Financial Statements for the year ended 31 March 2025.

Basis of preparation and legal framework

The Charity’s annual report and accounts for the year ended 31 March 2025 have been prepared in accordance with the Charities Act 2011 and the Charities Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard 102.

The Charity’s report and accounts include all the separately established funds for which Northampton General Hospital, Kettering General Hospital NHS Trust and Northamptonshire Healthcare NHS Foundation Trust are the joint beneficiaries. Full Name of Charity: Northamptonshire Health Charitable Fund

Registration Charity Number: 1165702

The advisors and administrators used by the Charity during 2024/25 were:

Bankers: Lloyds Bank, 2 George Row, Northampton Natwest Bank, 16 High Street, Kettering Solicitors: DFA Law, 2 Waterside Way, Northampton

Auditors: Hawsons Chartered Accountants, Jubilee House, 32 Duncan Close, Moulton Park, Northampton NN3 6WL

Investment Managers:

Black Rock, 33 King William Street, London EC4R 2AS Ru�er AIFM Ltd, Darlington, DL1 9RN CCLA, One Angel Lane, London, EC4R 3AB

The principal o�ice is at: Springfield, Cliftonville, Northampton, NN1 5BE

The Trustees are supported by Fund advisors drawn from the three health organisations who provide expert advice with regard to grant making decisions and are co-ordinated through the working of formally constituted sub committees for each trust.

The accounting records and the day-to-day administration of the funds are undertaken by the charity team located at Springfield, Cliftonville, Northampton NN5 1BE. Mr Jonathan McGee acted as the principal o�icer overseeing the overall financial management and accounting for the charity. Day to day management was vested with the Financial Controller Mrs Louise Abarak.

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Structure, governance and management

The Charity is registered as a Charitable Incorporated Organisation. The Charity fulfils its legal duty by ensuring that funds are spent in accordance with the objects of the fund. By designating funds, the Trustees respect the wishes of our generous donors to benefit patient care and advance the good health and welfare of patients, carers and sta� of specific units across the county.

Where funds have been received which have specific restrictions set by the donor and will not be readily complied with by using an existing fund, a new restricted fund is established and used for that purpose only. The endowment funds of the charity include the permanent endowment from the estate of Constance Travis, income from which is used to support specific departments in line with her wishes.

Trustees

The working arrangements of our overall governance framework are reflected below. It is anticipated that there will usually be, including the Chair, eleven Trustees, of whom one will be appointed by each of the NHS Bodies. Each appointing body may appoint as an alternate any person duly approved at a meeting of that body. There must be at least seven Charity Trustees. Every charity Trustee will be appointed for a term of up to four years by a resolution passed at a properly convened meeting of the charity Trustees.

An outgoing charity trustee may be re-appointed but no individual may serve as a charity trustee for more than 8 years in total unless the charity Trustees consider there to be exceptional circumstances which justify a longer term. In selecting individuals for appointment as Trustees, the existing charity Trustees will have regard to the skills, knowledge and experience needed for the e�ective administration of the Charity. Newly appointed Trustees are provided with information about the charity, including the Trustees’ annual report and accounts, budgets, policies and minutes, and information about Trusteeship.

The Chair gives new Trustees a briefing on the current policies and priorities for the charity and ensures any additional training that their role may require is also o�ered. During the year the following Trustees came to the end of their service: Nicholas Robertson, Deborah Manger and Deborah Needham.

Pay and remuneration arrangements

The Board of Trustees has overall responsibility for remuneration matters. It agrees recommendations on annual increases to the salary budget as part of the budget-setting process for the forthcoming financial year.

The Chief Executive and Remuneration and People Committee make the recommendations to the Board for starting salaries for new sta� and any increases for existing sta�. Reference is made to other NHS charities and sector wide salary benchmark reports to arrive at recommendations.

The Charity has a flexible salary structure. Each individual’s remuneration will be fair and appropriate with reference to prevailing market rates for similar roles and responsibilities. There are no salary scales or set incremental rises. Annual and interim reviews of salaries takes place each year. Reviews do not guarantee an increase in salary. The review will take into consideration changes in the cost of living, prevailing market rates for comparable work and any increase in responsibility in the role.

Charitable Funds Thematic Sub Committees

Acting for the Trustees, the three thematic Sub Committees, Patient Care Pathways, Sta� Wellbeing & Development, and Environments & Enhancements are all responsible for providing local advice and oversight and are required to:

Charity sta� team

The charity employs a team of 16 sta� undertaking the full range of roles to ensure that both fundraising and grant making are e�ective while also undertaking all the necessary administrative activities of the charity and most importantly maintaining links with our valued donors.

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Fundraising arrangements

The fundraising team organise fundraising events and co-ordinate the activities of our supporters both in the hospital and in the wider community on behalf of the Charity. There have been no complaints about fundraising activity this year. In August 2019 the charity registered with the Fundraising Regulator showing we are committed to following its Code of Fundraising Practice. In January 2025 the Charity registered with the Information Commissioners O�ice which shows our commitment to protecting personal data, complying with data protection laws, and maintaining the trust of our supporters and beneficiaries. Our guidance and working practices are in line with the guidance they issue. Supporters fundraising on behalf of the charity are given support in compliance through our fundraising agreement documentation.

Volunteers

The charity has a specific team of volunteers who undertake a care and maintenance role in relation to the charity’s historical archive. The charity also works closely with the volunteers of both NGH and KGH for fundraising and administration tasks.

Public Benefit Test

In accordance with the 2011 Charities Act, the Trustees have ensured that due regard has been taken to ensure that all expenditure incurred has met the Public Benefit test.

Risk Management

The major risks to which the charity is exposed have been identified and considered. They have been reviewed and systems established including holding formal Strategic and Opperational Risk Registers which are subject to continuous review and reported to the Board of Trustees on a quarterly basis and includes reference to mitigating actions.

Reserves Policy

The Charity principally receives income from donations and legacies, augmented with active fund raising. This is considered not to be part of the free reserves of the charity, as they are available to spend at the request of the beneficiaries. Where there is a large restricted fund, usually as a result of a legacy, these funds are not considered to form part of the reserve value calculation, but will be held until formal spending plans are agreed.

Investment Strategy

The investment funds are pooled, that is, not allocated to specific funds but consolidated currently into two portfolios. This reduces the costs of administration, diversifies some of the risk in investing and reduces necessary balances held in cash. The constitution of the charity permits the investment of funds, employment of a professional fund-manager, and arrangement for the investments or other property of the CIO to be held in the name of a nominee, in the same manner and subject to the same conditions as the Trustees of a trust are permitted to do by the Trustee Act 2000.

The Trustees when agreeing investment decisions refer to the policy which looks to obtain satisfactory financial returns from investments while seeking to minimise the risk to the capital base of the charity. This is considered to be a medium-risk approach.

There are also specific limitations to mitigate risk, no investment shall be permitted in direct equities or speculative assets such as derivatives. Noting the primary objective of the charity, no direct investment is permitted in companies whose primary activity either alcohol, tobacco and war/defence related, nor those that conflict with the aims of the NHS or would bring it into disrepute. The Trustees are also keen that the Chairty portfolio should, where possible, be invested with social responsibility ( aka “ESG”) in mind.

Partnership Working and Networks

NGH, KGH and NHFT are the main beneficiaries of the charity. By working in partnership with the Trusts, the charity seeks to use its available funds to best e�ect. When deciding upon the most beneficial way to use charitable funds, the Trustees have regard to the main activities, objectives, strategies and plans of the Trusts subject to such use meeting the objectives of the charity.

We particularly seek to encourage and support volunteering as a way of enhancing the patient experience within all Trusts Wider partnerships are also very important to the charity. Throughout the year working relationships have been formed with members of the corporate sector, the local community and membership organisations as well as individuals. Thanks must go to all those who have made donations to the charity.

Accumulated investment gains are retained as reserves to support six months of charity operating costs, whilst also acting as a centrally held fund to protect against a fall in investment values equivalent to 10% of the current value of the investment portfolio. The higher of these values is considered as the minimum level of free reserves the charity should plan to hold.

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Our charity Trustees

Under charity law, the Trustees are responsible for preparing the annual report and the financial statements for each financial year which show a true and fair view of the state of a�airs of the charity and of the excess of income over expenditure for that period.

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

The Trustees 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.

Signed on behalf of the Trustees:

Chair:

Date: 07/01/2026

The Trustees are required to act in accordance with the constitution of the charity, within the framework of trust law. The Trustees are responsible for keeping proper accounting records, su�icient 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 the Charity under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision.

This financial year, our Trustees were:

Sushel Ohri (Chair) Liz Nicholls (Vice Chair*) Andrew Cockerill Paul Currie

Phil Zeidler

Richard Marsh Jill Houghton Judit Seymour David Maher

David Moore *** – joined November 2024 Nick Robertson – stepped down November 2024 Deborah Needham – stepped down June 2024 Deborah Manger – stepped down August 2024 Laura Churchward – joined November 2024

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Financial statements

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Unrestricted Funds Restricted Funds Endowment Funds Total Funds
Statement of Financial Activity Note 2023/24 2024/25 2023/24 2024/25 2023/24 2024/25 2023/24 2024/25
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Income And Endowments From
Donations & Grants 3 362 578 31 63 0 0 391 641
Legacies 3 232 267 0 0 0 0 232 267
Fundraising & Trading 4 220 194 46 45 0 0 268 239
Activities
Investments 15 73 59 0 0 52 52 125 111
Total Incoming Resources 887 1,098 77 108 52 52 1,016 1,258
Expenditure On
Raising Funds 5 276 443 1 1 0 0 277 444
Historical Archive Running Costs 0 0 0 0 0 0 0 0
Charitable Activities 0 0 0 0
• Medical Equipment 240 448 79 0 0 0 319 448
• Direct Service Funding 9 0 0 0 0 0 9 0
• Building Works 50 89 710 50 0 0 760 139
• Patient Welfare & Amenities 193 236 98 25 0 0 291 261
• Sta� Welfare & Amenities 53 105 0 0 0 0 53 105
• Research 3 0 0 0 0 0 3 0
• Sta� Training 50 104 1 5 0 0 51 109
Total Resources Expended 874 1,425 889 81 0 0 1,763 1,506
Revaluation Of Investment Buildings 0 0 0 0 11 69 11 69
Revaluation Of Heritage Asset 0 0 0 0 0 0 0 0
Net Gains/(Losses) On Investments (137) 30 0 0 0 0 (137) 30
Net Income/(Expenditure) (124) (297) (812) 27 63 121 (873) (149)
Transfers Between Funds (5) (9) 57 61 (52) (52) 0 0
Net Movement in Funds (129) (306) (755) 88 11 69 (873) (149)
Reconciliation of Funds
Total Funds B/F 2,965 2836 1,843 1,088 1,229 1,240 6,037 5,164
Total Funds C/F 2,836 2,530 1,088 1176 1,240 1,308 5,164 5,014
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Statement of Financial Unrestricted Funds Restricted Funds Endowment Funds Total Funds
Position Note 2023/24 2024/25 2023/24 2024/25 2023/24 2024/25 2023/24 2024/25
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Fixed Assets
Operational Equipment 12 384 414 0 0 0 0 384 414
Land & Investment Buildings 12 465 465 0 0 816 884 1,281 1,349
Heritage Assets 13 0 0 0 0 424 424 424 424
Investments 14 488 817 1,477 1,178 0 0 1,965 1,995
Total Fixed Assets 1,337 1,696 1,477 1,178 1,240 1,308 4,054 4,182
Current Assets
Stock 16 3 3 0 0 0 0 3 3
Debtors 16 242 286 9 0 0 0 251 286
Cash And Cash Equivalents 16 1,384 251 0 0 0 0 1,384 251
Short Term Investments 14 0 467 0 0 0 0 0 467
Total Current Assets 1,629 1,007 9 0 0 0 1,638 1,007
Liabilities
Creditors Falling Due Within One Year 17 130 173 398 2 0 0 528 175
Net Current Assets/ (Liabilities) 1,499 834 (389) (2) 0 0 1,110 832
Total Net Assets 2,836 2,530 1,088 1,176 1,240 1,308 5,164 5,014
The Funds of The Charity
Endowment Funds 18 0 0 0 0 1240 1308 1240 1308
Restricted Income Funds 18 0 0 1,088 1176 0 0 1088 1176
Unrestricted Income Funds 18 2836 2530 0 0 0 2836 2530
Total Charity Funds 2,836 2,530 1,088 1176 1,240 1,308 5,164 5,014
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These financial statements have been prepared in accordance with the provisions applicable to Charitable Companies, subject to the Small Companies Regime. The financial statements were approved by the board of Trustees and authorised for issue.

They were signed on the board’s behalf by:

Chair:

Date: 07/01/2026

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Statement of Cash Flows Total Funds 2023/24 Total Funds 2024/25
£000’s £000’s £000’s £000’s
Cash Flows from Operating Activities:
Net Cash Provided by (Used in) Operating Activities (581) (638)
Cash Flows from Investing Activities:
Dividends and Interest 73 17
Proceeds from the Sale of Investments 987 0
Withdrawal of Cash from investments 0 388
Purchase of Investments (250) (856)
Investment in Property and Equipment (16) (44)
Net Cash Provided by (Used In) Investing Activities 794 (495)
Change in Cash and Cash Equivalents In the Reporting Period 213 (1,133)
Cash and Cash Equivalents at the Beginning of the Reporting Period 1,171 1,384
Cash and Cash Equivalents at the End of Reporting Period 1,384 251
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Total Funds 2023/24 Total Funds 2024/25
£000’s £000’s
Net Income/(Expenditure) As Per the Statement of Financial Activities (873) (149)
Adjustments for:
Depreciation of Assets 6 14
Revaluation of Investment Buildings (11) (69)
Revaluation of Heritage Assets 0 0
(Gains)/Losses on Investments 137 (30)
Dividends and Interest (73) (17)
(Increase)/Decrease in Stock 1 0
(Increase)/Decrease in Debtors (4) (35)
Increase/(Decrease) in Creditors 236 (352)
Net Cash Provided By (Used in) Operating Activities (581) (638)
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Notes on accounts

Accounting policies

(a) Basis of Preparation

The financial statements have been prepared under the historic cost convention, with the exception of investments and investments properties which are included at market value.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (e�ective 1 January 2015) and the Charities Act 2011.

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern and that there are no material uncertainties a�ecting the current year’s accounts.

(b) Prior Period Adjustments

There are no prior period adjustments in this year’s accounts.

(c) Funds Structure

The Endowment funds have two distinct elements, firstly being the recognised value of the collection of heritage assets and related artwork, secondly the recognition of the funds available from the Constance Travis legacy which has been bequeathed as a permanent endowment for the benefit of NGH.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.

Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects of the identified special purpose fund. Unrestricted funds include designated funds, where the donor has made known their non-binding wishes or where the Trustees, at their discretion, have created a fund for a specific purpose.

(d) Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, and it is probable that the resources will be received and the monetary value of incoming resources can be measured with su�icient reliability.

(e) Incoming resources from legacies

Legacies are accounted for as incoming resources either upon receipt or where the receipt of funds in relation to the legacy is probable; this will be once confirmation has been received from the representatives of the estate(s) that probate has been granted, and that the executors have established that there are su�icient assets in the estate to pay the legacy and once all conditions attached to the legacy have been fulfilled.

(f) Resources Expended

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:

Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Contractual arrangements are recognised as goods or services as supplied.

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.

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Where an intention has not been communicated, then no expenditure is recognised but an appropriate designation is made in the appropriate fund. If a grant has been o�ered but there is uncertainty as to whether it will be accepted or whether conditions will be met, then no liability is recognised but a contingent liability is disclosed.

(g) Allocation of Support Costs

Support costs are those costs which do not relate directly to a single activity. These include some sta� costs, costs of administration, audit costs and IT systems costs. Support costs have been apportioned between Charitable Activities and Fundraising Costs on an appropriate basis.

The mixed-use property has been separated in the accounts between investment property and property, plant and equipment. The investment property element of the building is included in the Statement of Financial Position at its fair value.

The surplus or deficit on the annual revaluation of the investment property element is recognised in the Statement of Financial Activities. Depreciation is not provided in respect of the investment property element. The operational element of the building is included in Property, Plant and Equipment. It is stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(k) Fixed Asset Investments

(h) Fundraising Costs

The costs of generating funds include both lottery prizes and incidental fundraising expenses incurred to support fund raising activities and the sta� costs of the Fundraising team. Separately identifiable Investment Management fees are also considered as a cost of raising funds.

(i) Charitable Activities

Costs of charitable activities comprise all costs incurred in the pursuit of the charitable objects of the charity. These costs comprise direct costs and an apportionment of overhead and support costs as shown in note 6.

(j) Tangible Fixed Asset for use by the Charity

Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. Depreciation is calculated on a straight-line basis over the determined life of the asset. The cost of setting up the charity o�ice facility has been treated as a fixed asset and is being amortised at a rate of one percent per annum.

Mixed Use Property

In 2017 the charity purchased Springfield, a building adjacent to the NGH site who are leasing the majority of the building and utilising it as an Urgent Care centre along with related o�ice space. Part of the building however has been retained for the use of the charity as its operational base with commencement of usage at the end of March 2018.

Investments are a form of basic financial instruments. Fixed asset investments are initially recognised at their transaction value and are subsequently measured at their fair value (market value) as at the balance sheet date.

The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year. Quoted stocks and shares are included in the Statement of Financial Activities at the current market value quoted by the investment analyst, excluding dividends. The Common Investment Fund Units are included in the Statement of Financial Activities at the closing dealing price on 31 March 2024.

(l) Realised Gains and Losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the di�erence between sales proceeds and opening carrying value (purchase date if later). Unrealised gains and losses are calculated as the di�erence between the market value at the year end and opening carrying value (or purchase date if later).

(m) Pensions

The charity provides a Defined contribution pension scheme through NEST with contribution rates set at 6% for the employer. Contributions are recognised in the SOFA in the period in which they become payable in accordance with the rules of the scheme. The employees who were TUPE transferred to the charity on 1 April 2016 and

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1 April 2021 are entitled to remain members of the NHS Pensions Scheme. Details of the benefits payable and rules of the Schemes can be found on the NHS Pensions website at www.nhsbsa.nhs.uk/pensions. Both are unfunded defined benefit schemes that cover NHS employers, GP practices and other bodies, allowed under the direction of the Secretary of State for Health and Social Care in England and Wales.

They are not designed to be run in a way that would enable NHS bodies to identify their share of the underlying scheme assets and liabilities. Therefore, each scheme is accounted for as if it were a defined contribution scheme: the cost to the NHS body of participating in each scheme is taken as equal to the contributions payable to that scheme for the accounting period.

In order that the defined benefit obligations recognised in the financial statements do not di�er materially from those that would be determined at the reporting date by a formal actuarial valuation, the FReM requires that “the period between formal valuations shall be four years, with approximate assessments in intervening years”. An outline of these follows:

(i) Accounting Valuation

A valuation of scheme liability is carried out annually by the scheme actuary (currently the Government Actuary’s Department) as at the end of the reporting period. This utilises an actuarial assessment for the previous accounting period in conjunction with updated membership and financial data for the current reporting period, and is accepted as providing suitably robust figures for financial reporting purposes. The valuation of the scheme liability as of 31 March 2024, is based on valuation data as 31 March 2023, updated to 31 March 2024 with summary global member and accounting data. In undertaking this actuarial assessment, the methodology prescribed in IAS 19, relevant FReM interpretations, and the discount rate prescribed by HM Treasury have also been used. The latest assessment of the liabilities of the scheme is contained in the report of the scheme actuary, which forms part of the annual NHS Pension Scheme Accounts. These accounts can be viewed on the NHS Pensions website and are published annually. Copies can also be obtained from The Stationery O�ice.

(ii) Full Actuarial (Funding) Valuation

The purpose of this valuation is to assess the level of liability in respect of the benefits due under the schemes (taking into account recent demographic experience), and to recommend contribution rates payable by employees and employers.

The latest actuarial valuation undertaken for the NHS Pension Scheme was completed as of 31 March 2020. The results of this valuation set the employer contribution rate payable from April 2024 to 23.7% of pensionable pay.

(n) Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

(o) Heritage Assets of the Charity

The Heritage Assets of the charity have been collected since 1790 and consist of a large collection of historical books, case ledgers, journals, paintings, photographs, commemorative plaques, early orthopaedic implants, medical equipment and instruments. A number of the large portraits are currently displayed in the NGH Board Room and other meeting rooms across the hospital.

The rest of the collection is in the archive room, adjoining the NGH Board Room. The archive rooms are open for viewing each Wednesday by appointment, subject to any NGH Trust visiting restrictions. Care of the archive is undertaken by volunteers.

2. Related Party Transactions

Northamptonshire Healthcare NHS Foundation Trust, Kettering General Hospital NHS Foundation Trust and Northampton General Hospital NHS Trust are the three main beneficiaries of the charity. The charity has provided funding to these NHS Trusts for approved expenditure made on behalf of the charity. This funding amounted to £646,562 (2023/24 £1,171k) and is included in the total grant making costs of £1,062k (2023/24 £1,486k) as detailed in notes 7 & 8. Northampton General Hospital and Kettering General Hospital provide support services to the charity including a cashiering and cleaning service. The amounts charged are on a full direct cost recovery basis.

During the year none of the Board members of either NHS Trust Board or parties related to them were beneficiaries of the charity.

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3. Analysis of Voluntary Income

2023/24 2024/25
£000’s £000’s
Donations over £5k 35 160
Other donations 304 366
Legacies 232 267
Donated items 23 4
ANHSC grants 0 0
Grants 29 111
Total 623 908

4. Incoming Resources From Charitable Fundraising Activities

Events income relates to both events promoted directly by the charity and individuals raising funds through specific events they have organised in the name of the charity. The local sta� lotteries generated £76k (2023/24 £65k) a net of £42k (2023/24 £33k) after deducting prize money.

2023/24 2024/25
£000’s £000’s
Events Income 201 161
Lottery 65 76
Berrywood Shop 2 2
Total 268 239

5. Analysis of Fundraising Costs

2023/24 2024/25
£000’s £000’s
Sta� Costs 169 263
Event Costs 16 7
Marketing Materials 22 45
Other Costs 38 95
Lottery Prizes 32 34
277 444

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6. Analysis and Allocation of Support Costs and Overheads

Total support and overhead costs of the charity excluding fundraising was £415k.

Support Cost Analysis 2023/24 2024/25
£000’s £000’s
Salaries and Related Costs 224 276
Building Running Costs 9 11
IT Costs 33 38
External Audit Fees 13 12
Legal/Professional Fees & Services 23 41
Depreciation 6 14
Training Costs 1 4
Other O�ice Costs 6 19
Total 315 415

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2023/24 2024/25
Unrestricted Restricted Total Unrestricted Restricted Total
£000’s £000’s £000’s £000’s £000’s £000’s
Medical Equipment 51 17 68 175 0 175
Direct Service Funding 2 0 2 0 0 0
Building Works 10 151 161 34 20 54
Patient Welfare and Amenities 41 21 62 92 10 102
NHS Sta� Welfare and Amenities 11 0 11 41 0 41
Research 0 0 0 0 0 0
NHS Sta� Training 11 0 11 41 2 43
Grand Total 126 189 315 383 32 415
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7. Analysis of Charitable Expenditure

The charity makes available financial grant support to NGH, KGH and NHFT as analysed below.

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NGH KGH NHFT Direct support Total
Grant Support Total Grant Support Total Grant Support Total Grant Support Total Grant Support Total
cost cost cost cost cost
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Charitable Expenditure
Medical Equipment 2 1 3 7 5 12 7 4 11 257 165 422 273 175 448
Direct Service Funding 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Building Works 47 30 77 15 9 24 21 14 35 2 1 3 85 54 139
Patient Welfare & 90 58 148 36 23 59 15 10 25 18 11 29 159 102 261
Amenities
NHS Sta� Welfare & 45 29 74 14 9 23 1 1 2 4 2 6 64 41 105
Amenities
Research 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
NHS Sta� Training 23 15 38 23 14 37 9 6 15 11 8 19 66 43 109
Total 207 133 340 95 60 155 53 35 88 292 187 479 647 415 1,062
Comparative for 2023/24
NGH KGH NHFT Direct support Total
Grant Support Total Grant Support Total Grant Support Total Grant Support Total Grant Support Total
cost cost cost cost cost
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Charitable Expenditure
Medical Equipment 158 43 201 91 25 116 1 0 1 1 0 1 251 68 319
Direct Service Funding 0 0 0 7 2 9 0 0 0 0 0 0 7 2 9
Building Works 177 48 225 400 108 508 6 1 7 16 4 20 599 161 760
Patient Welfare & 136 36 172 47 13 60 24 7 31 22 6 28 229 62 291
Amenities
NHS Sta� Welfare & 25 7 32 11 3 14 1 0 1 5 1 6 42 11 53
Amenities
Research 0 0 0 3 0 3 0 0 0 0 0 0 3 0 3
NHS Sta� Training 28 8 36 2 0 2 10 2 12 0 1 1 40 11 51
Total 524 142 666 561 151 712 42 10 52 44 12 56 1,171 315 1,486
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8. Analysis of Grants

The Trustees operate a scheme of delegation, through which all grant funded activity is man-aged by fund advisers responsible for the day-to-day disbursements on their projects and is in accordance with the directions set out by the Trustees in their procedure guidance notes and formally recorded in their scheme of delegation.

The charity does not make grants to individuals. The total cost of making grants is disclosed in the activity analysis on the face of the Statement of Financial Activities. The grants received by the beneficiaries for each category of charitable activity are disclosed in note 7 above.

9. Transfers Between Funds

The £52k income generated by endowments was transferred in full to support the work of the charity. Other Transfers relate to the consolidation and realignment of our funds ensuring that restricted funds remain fully protected and used for their intended purposes.

10. Analysis of Sta� Costs

2023/24 2024/25
£000’s £000’s
Salaries and wages 336 455
Social security costs 29 42
Other pension costs 28 35
Total 393 532

Currently the charity has 13 employees directly employed by the charity. This equates to 11 full time equivalent sta�.

As in 2024/25, increase in contributions to the NHS pension scheme was funded directly by funding from NHS England.

11. Auditor’s Remuneration

The auditor’s remuneration of £13k (2023/24 £13k) relates to the audit along with submission of the annual corporation tax return.

12. Operational Fixed Assets, Land and Buildings

In 2017 the charity purchased Springfield, a building adjacent to the NGH site who are leasing the majority of the building and utilising it as an Urgent Care centre along with related o�ice space.

During 2021 work was undertaken on a full renewal of the Springfield Roof in compliance with its Grade 2 listing status.

----- Start of picture text -----
Operational Fixtures and
Operational Fixed Assets Buildings Fittings Total
£000’s £000’s £000’s
Cost
Brought forward at 1 April 2024 364 58 422
Additions 44 44
Disposals 0
Carried forward at 31 March 2025 364 102 466
Depreciation
Brought forward at 1 April 2024 7 31 38
Charged during the year 14 14
Disposals
Carried forward at 31 March 2025 7 45 52
Net Book Value
At 31 March 2024 357 27 384
At 31 March 2025 357 57 414
----- End of picture text -----

One employee had emoluments in excess of £60k during the year.

Trustees did not receive any renumeration or benefits.

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Investment Building Valuation

14. Investments Analysis of Holdings

The proportion of Springfield that is leased to NGH as the Urgent Care Centre is

treated as an invest-ment building and valued using current indicative market price to determine valuation.

Investment Building
£000’s
Valuation at 1 April 2024 1,281
Additions 0
Fair Value Adjustment 68
Valuation at 31 March 2025* 1349

13. Heritage Assets

Heritage assets are carried at a valuation prepared in 2023 by Bonhams based on a full reworking of the previous 2008 register as tabulated below. The valuation of the 2021 addition has been based on purchase cost. The Trustees commissioned Bonhams to undertake an updated valuation of both the works of art and the main library in 2023.

----- Start of picture text -----
Valuation Revaluation Valuation Revaluation Valuation
2023 2023 2024 2024 2025
£000’s £000’s £000’s £000’s £000’s
Works 83 0 83 0 83
of art
Books and 341 0 341 0 341
Folios
424 0 424 0 424
----- End of picture text -----

Investments in a Common Investment As at 31 Mar 24 As at 31 Mar 25
Fund £000’s £000’s
Blackrock Charibond 119 116
Ru�er Charity Assets Trust 1,349 1,359
COIF Charities Deposit Fund 480 504
COIF Charities Investment Fund 17 16
1,965 1,995
As at 31 Mar 24 As at 31 Mar 25
£000’s
£000’s
Market Value b/f 2,840 1,965
Less: Disposals at carrying value (1,004) 0
Add: Acquisitions at cost 250
Net gain/ (loss) on revaluation (121) 30
Market value c/f 1,965 1,995
Short Term Investments As at 31 Mar 24 As at 31 Mar 25
£000’s £000’s
Short term investment B/f 0 0
Deposits 0 855
Net gain or loss on investement 0 12
Withdrawls 0 (400)
c/f 0 467

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15. Total Gross Income from Investments

As at 31 Mar 24 As at 31 Mar 24 As at 31 Mar 25
£000’s £000’s
Dividends 68 43
Interest 5 16
Lease income 52 52
125 111

16. Analysis of Current Assets

17. Analysis of Current Liabilities and Long-Term Creditors

Other creditors represent sums owed at the year-end by the charity to a related party, KGH, NGH or NHFT, for costs incurred on behalf of the charity in the further-ance of the charity’s objects. There are no long-term creditors.

As at 31 Mar 24 As at 31 Mar 25
£000’s £000’s
Trade Creditors 503 139
Payroll Creditors 11 11
Other Creditors 14 25
528 175
As at 31 Mar 24 As at 31 Mar 24 As at 31 Mar 25
£000’s £000’s
Accrued legacy income 215 62
Accrued pledged income 187
Prepayments 30 37
NGH Debtors 6 0
251 286

Analysis of cash at bank and in hand

As at 31 Mar 24 As at 31 Mar 24 As at 31 Mar 25
£000’s £000’s
Bank balance held in Lloyds 381 38
Bank balance held in NatWest 997 211
Cash holdings 6 2
1,384 251

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  1. Analysis of Movements and Purpose of Main Funds by Beneficiary Organisation and Category for the Past Two Years Funds Related to Northampton General Hospital (NGH)

----- Start of picture text -----
Balance at 31st Income Expenditure Transfers Balance at 31st Income Expenditure Transfers Balance at 31st
March 2023 March 2024 March 2025
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Unrestricted Funds
General Fund (43) 13 (5) (2) (37) 55 (200) 490 308
Volunteers Fund 12 2 (10) (1) 3 1 (6) 2 0
Total (31) 15 (15) (3) (34) 56 (206) 492 308
Designated Funds
Breast Care Services 26 0 (10) (1) 15 0 (5) (10) 0
Intensive Therapy Unit 68 5 (2) (5) 66 2 0 (68) 0
Child Health Dept 195 97 (33) (26) 233 100 (9) (67) 257
Clinical Haematology 31 2 (4) (2) 27 7 (4) (30) 0
Pathology Sta� Amenities 0 1 (1) 0 0 0 0 0 0
Oncology Department 132 26 (85) (16) 57 17 (3) (71) 0
Do it For Dementia 25 1 (6) (2) 18 0 (9) (9) 0
Cardiology Department 51 15 (6) (6) 54 1 (94) 226 187
Cardiology Research 23 0 0 (2) 21 0 0 (21) 0
Talbot Butler Ward 190 94 (1) (35) 248 4 (4) (248) 0
Ophthalmic Department 108 2 (14) (7) 89 0 (23) 0 66
ENT Department 36 2 0 (11) 27 0 0 (27) 0
Stroke Unit 56 15 (4) (5) 62 4 0 (66) 0
General Medicine 80 4 (6) 2 80 7 (4) (83) 0
Obs And Gynae Fund 42 1 (5) (2) 36 1 (13) (24) 0
Other Ward And Department Funds 330 84 (45) (40) 329 66 (39) (356) 0
Total 1,393 349 (222) (158) 1,362 209 (207) (854) 510
Restricted Funds
Urology Development Fund 120 1 (62) (7) 52 1 (11) 0 42
Danns Radiotherapy Legacy 74 0 0 0 74 0 (17) 0 57
Organ & Tissue Donation 35 0 (8) (1) 26 15 (10) 0 31
Gosset Ward 151 27 (165) (1) 12 18 (23) 0 7
Smart Diabetic Research Legacy 521 0 0 0 521 0 (21) 0 500
Oncology Training And Research 111 1 0 0 112 0 (28) 0 84
Covid 19 0 0 (57) 57 0 0 0 0 0
Other Restricted Funds 27 0 0 (1) 26 1 (7) 0 20
Total 1,039 29 (292) 47 823 35 (117) 0 741
Grand Total 2,401 393 (529) (114) 2,151 300 (530) (362) 1,559
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Funds Directly Related to Kettering General Hospital (KGH)

----- Start of picture text -----
Balance at 31st Income Expenditure Transfers Balance at 31st Income Expenditure Transfers Balance at 31st
March 2023 March 2024 March 2025
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Unrestricted Funds
General Fund 30 41 (25) (9) 37 187 (189) 232 267
Vounteers Fund 5 1 (5) 0 1 1 (1) (1) 0
Total 35 42 (30) (9) 38 188 (190) 231 267
Designated Funds
Lilford Haematology 142 2 (1) (10) 133 1 0 (134) 0
Diabetes Fund 165 1 0 (12) 154 1 0 (155) 0
Cardiology Fund 267 1 (64) (14) 190 0 0 (190) 0
KGH Forget-Me-Not Appeal 0 1 (1) 0 0 0 (5) 5 0
Radiology Fund 107 2 (4) (7) 98 0 0 (98) 0
Centenary Wing Fund 82 28 (22) (11) 77 106 0 (183) 0
Medical Education Fund 36 0 0 (2) 34 0 0 (34) 0
Intensive Care Unit Fund 53 9 0 (3) 59 13 (5) (67) 0
SCBU 32 9 (7) (3) 31 4 (8) (27) 0
Pain Relief Fund 33 0 0 (2) 31 0 0 (31) 0
T&O Wards Fund 24 0 0 (2) 22 0 0 (22) 0
Kettering Breast Care 50 8 (1) (4) 53 0 0 (53) 0
Other funds 242 63 (26) (44) 235 19 (13) (241) 0
Total 1,233 124 (126) (114) 1,117 144 (31) (1,230) 0
Restricted Funds
Cardiac Invest Unit Med Equip 23 1 0 0 24 0 (5) 0 19
Twinkling Stars Appeal 254 40 0 0 294 71 (26) 0 339
ANHSC Covid 19 Grants 0 0 0 0 0 0 0 0 0
Kettering Treatment Centre Extension 390 0 (390) (39) (39) 0 (23) 62 0
Total 667 41 (390) (39) 279 71 (54) 62 358
Grand Total 1,935 207 (546) (162) 1,434 403 (275) (937) 625
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Funds Directly Related to Northamptonshire Healthcare FT (NHFT)

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Balance at 31st Income Expenditure Transfers Balance at 31st Income Expenditure Transfers Balance at 31st
March 2023 March 2024 March 2025
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Unrestricted Funds
General Fund 16 2 (15) (2) 1 3 (80) 176 100
Danetre General Fund 4 0 9 (1) 12 0 0 (12) 0
Total 20 2 (6) (3) 13 3 (80) 164 100
Designated Funds
Podiatry 10 0 0 0 10 0 0 (10) 0
Mental Health Funds 40 12 (13) (5) 34 1 (22) (13) 0
Chapel Fund 8 0 0 0 8 0 0 (8) 0
Learning Disability Funds 4 0 (2) 0 2 0 (1) (1) 0
Junior Doctors Education Fund 31 0 0 (2) 29 0 0 (29) 0
Community Services Fund 11 0 0 0 11 1 (5) (7) 0
Community Paediatric Diabetes Service 6 1 0 0 7 0 0 (7) 0
Continence Team 19 0 0 (2) 17 0 0 (17) 0
Brackley Centre Fund 77 2 (11) (5) 63 0 0 (63) 0
Other Funds 74 20 (11) (9) 74 6 (11) (45) 24
Total 280 35 (37) (23) 255 8 (39) (200) 24
Restricted Funds
Daventry Palliative Care 17 1 0 0 18 0 (4) 0 14
Palliative Care Services 35 3 0 0 38 1 (8) 0 31
Palliative Care Nurses 5 0 0 0 5 0 (1) 0 4
Total 57 4 0 0 61 1 (13) 0 49
Grand Total 357 41 (43) (26) 329 12 (132) (36) 173
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Funds Held Centrally

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Balance at 31st Income Expenditure Transfers Balance at 31st Income Expenditure Transfers Balance at 31st
March 2023 March 2024 March 2025
£000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s £000’s
Unrestricted Funds
General 21 125 (29) 9 126 111 (67) (28) 142
Lottery 30 41 (15) (7) 49 44 (57) (2) 34
Legacy Accrual 100 31 0 0 131 (64) 0 0 67
Uncleared Fund Raising Costs (210) 2 (556) 0 (764) 3 442 0 (319)
Investment Gain 59 44 174 366 643 38 (321) 52 412
Total 0 243 (426) 368 185 132 (3) 22 336
Designated Funds
Christmas Gifts 3 3 (1) (1) 4 24 (24) 0 4
Thankufest Initiative 0 30 0 (30) 0 0 0 0 0
Covid 19 Appeal 33 0 0 (33) 0 0 0 0 0
Patient Pathways 0 0 0 0 0 0 (7) 50 43
Environment and Enhancements 0 0 0 0 0 0 (2) 25 23
Sta� Wellbeing and Development 0 0 0 0 0 0 0 25 25
HIFU focal therapy 0 0 0 0 0 263 (275) 0 (12)
Cancer Care 0 0 0 0 0 0 (95) 770 675
Children and young adults 0 0 0 0 0 0 (74) 147 73
Dementia 0 0 0 0 0 0 (9) 67 58
Diabetes 0 0 0 0 0 0 (94) 155 61
In memory - End of life and Bereavement 0 0 0 0 0 0 (48) 75 27
Other Funds 0 (85) (21) 2 (104) 63 (43) 92 8
Total 36 (52) (22) (62) (100) 350 (671) 1,406 985
Restricted Funds
ANHSC Development Grant 25 0 (14) 0 11 0 (11) 0 0
Anhsc Stage 2 Grant 11 0 0 (11) 0 0 0 0 0
Investment Gain 38 0 (174) 51 (85) 0 113 0 28
Other Funds 5 3 (16) 8 0 0 0 0 0
Total 79 3 (204) 48 (74) 0 102 0 28
Endowment Funds
Constance Travis Endowment 805 62 0 (52) 815 121 0 (52) 884
Heritage Assets Endowment 424 0 0 0 424 0 0 0 424
1,229 62 0 (52) 1,239 121 0 (52) 1,308
Grand Total 1,344 256 (652) 302 1,250 603 (572) 1,376 2,657
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Auditor’s report

Independent Auditor’s report to the Trustees of Northamptonshire Health Charitable Fund

Opinion

We have audited the financial statements of Northampton Health Charitable Fund (the ‘charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including 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 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 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.

Other information

In our opinion the financial statements:

Basis for opinion

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

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

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.

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Opinions on other matters prescribed by the Charities Act 2011

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

Auditor’s responsibilities for the audit of the financial statements

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

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Trustees’ responsibilities statement on page 31, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

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 charity is subject to laws and regulations that directly and indirectly a�ect the financial statements. Based on our understanding of the charity and the environment it operates within, we determined that the laws and regulations that were most significant included the Charities SORP (FRS 102), the Charities Act 2011, Employment law and Health and Safety regulations. We considered the extent to which noncompliance with these laws and regulations might have a material e�ect on the financial statements, including how fraud might occur. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override on controls), and determined that the principal risks were related to the posting of inappropriate accounting entries to improve the charity’s results for the period, and management bias in key accounting estimates. In addition to this, we have also identified the following principal risk areas:

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Audit procedures performed by the engagement team included:

Discussions with management and those responsible for legal compliance procedures within the charity to obtain an understanding of the legal and regulatory framework applicable to the charity and how the charity complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

Reviewing minutes of Trustees’ meetings;

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

William Amos

Senior Statutory Auditor

For and on behalf of Hawsons Chartered Accountants Statutory Auditor Jubilee House 32 Duncan Close Northampton NN3 6WL 

12/01/2026

There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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01604 626927 nhcharity.co.uk greenheart@nhcf.co.uk Northamptonshire Health Charity Northampton General Hospital Springfield Cliftonville NN1 5BE

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