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← Sheffield Hospitals Charity

2024-03-31-accounts

Annual Report and Accounts 2023 – 2024

Sheffield Hospitals Charity Office SE6 20 Cambridge Street Sheffield S1 4HJ

Email: charity@shct.nhs.uk Web: sheffieldhospitalscharity.org.uk

Charity registration number: 1169762. Company registration number: 10422654

Document ID: 610b625f4a01299d33d4c0fb53e33e107673d9e176eb02137e92b75e9321ffbf

Contents

Chair’s Foreword Page 1-2
Review of the year Pages 3-8
Financial review Page 9-10
Structure, governance and management
 Pages 11-18
Advisors
 Page 19
Objects Pages 20-22
Financial statements for the year ended 31 March 2024 Page 23
Trustees’ responsibilities statements Page 24
Independent auditor’s report Pages 25-28
Consolidated statement of financial activities for the year Page 29
ended 31 March 2024
Balance sheets as at 31 March 2024 Page 30
Statement of cash flows for the year ended 31 March 2024 Pages 31-32
Notes to the accounts
 Pages 33-57

Document ID: 610b625f4a01299d33d4c0fb53e33e107673d9e176eb02137e92b75e9321ffbf

Document ID: 610b625f4a01299d33d4c0fb53e33e107673d9e176eb02137e92b75e9321ffbf

Chair’s Foreword

On behalf of the Trustees of Sheffield Hospitals Charity, I am delighted to present the Charitable Group’s Annual Report and Accounts for the year ending 31 March 2024.

These have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011 and the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102).

2023/24 was a year of change for the Charity, with our new CEO, Beth Crackles, starting in June 2023. We worked with Trustees and NHS colleagues to develop our ambitious new strategy (2024-27) and invested in growing and developing the staff team. Our new leadership team brings experience from the public, private and third sectors, to drive the charity forwards. More broadly, we have also invested in growing our fundraising, grantmaking and communications capacity and capabilities.

Our linked charity, Neurocare, was closed, enabling us to consolidate resources and mark the start of a new approach to funding neurosciences and neurology work. Beverley Webster OBE stepped down as a Trustee, having championed Neurocare in Sheffield since its inception. I am very grateful for the energy, commitment and challenge Beverley brought to our activities and we shall miss her. Natalie Jones stepped down to progress her academic career and I’d like to place on record our very grateful thanks to her too for her insightful contributions. . In the coming year, we will be recruiting new Trustees, ensuring we have the best representation and skill set at Board level for this new phase of the charity’s development.

From April 2024 we will be working to four clear grantmaking priorities which you can read about on page 5. We have reframed our governance and management processes to ensure that we are delivering best practice in grantmaking and investing in the places, projects and activities that will add the most value to our beneficiary NHS Trusts.

Throughout the year, we continued to receive an incredible level of support from the people of Sheffield, who donated and fundraised by running, cycling, shaving their beards, taking part in tractor runs, running a Motown music night, abseiling – someone even ran two marathons in two days. These incredible people take on such challenges and donate to show their gratitude for the exceptional care our NHS colleagues give to the people of Sheffield and the broader region, and helped our income reach over £2.7million .

Our Christmas campaign, Thank You NHS, saw us partner with Sheffield artist Pete McKee, who had received care at the Northern General, to create an emotionally moving video which was a take on an iconic scene from the film Love Actually. We encouraged people to send a personal message of thanks to Sheffield’s NHS and were overwhelmed with beautiful messages online, in writing and on Pete McKee ‘Hug’ decorations on our Christmas Tree in Sheffield Cathedral. This campaign signaled our intent to raise the profile of Sheffield Hospitals Charity, so that in the coming years we can raise more funds to provide more support to our NHS.

Over the course of the financial year, the Charity awarded £2,300,191 in grants, enhancing the care and treatment provided by Sheffield Teaching Hospitals NHS Foundation Trust and Sheffield Health and Social Care NHS Foundation Trust. Within the ‘Review of the year’, below, you can read about the key projects that we’ve supported this year.

Additionally, the Charity is proud to fund items which are not always high value or high profile, but provide significant impact to patients. Examples include: a Tekscan system - an in-shoe pressure measuring system, identifying patients at risk of diabetic foot ulcerations and other conditions, which can lead to amputation if not detected; and Wellness Wallets for pregnant women at the Jessop Wing - these carry information about signs during pregnancy that may indicate problems and have been linked to a decrease in stillbirth rates.

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2023/24 was year four of our five-year grant funding of the Dementia Practitioner Team, which works across Sheffield Teaching Hospitals to embed dementia-friendly practices, policies and environments, and provide specialist training for NHS staff. We are now scoping ‘what next’ with regards to dementia projects.

NHS staff wellbeing continues to be a priority for us. With support from NHS Charities Together, we funded a Wellbeing Navigator who works across Sheffield Teaching Hospitals ensuring that all staff know about and can access wellbeing support when they need it. A similar role has been funded within Sheffield Health and Social Care, focusing on ensuring that staff on the lowest salary bands can access wellbeing support. We funded improvements to various spaces – Calm Rooms, kitchens, gardens – recognising the importance of being able to take time away from the busy wards to breathe and take a break. We were also delighted to once again, support the annual staff Thank You Awards, which is an opportunity to recognise the dedication and efforts of staff who go over and above to provide the best patient care and outcomes.

This year marked the Charity’s first venture into supporting innovation, with funding confirmed for the introduction of virtual reality (VR) technology and environmental controls for spinal injuries patients. We are also co-funding the exploration of using drones in the transportation of medical samples.

Out overriding priority is to engage with all of our stakeholders to ensure that the people of Sheffield and South Yorkshire have the opportunity to thank the NHS for the care they receive and help to build a system which reflects the value we all place on it. We are very grateful for all the support we receive to help us fulfil our ambitions.

Finally I’d like to thank Beth, her executive team, all of our employees and my fellow trustees for their hard work and dedication over the last year. I’m confident we are making progress on many important fronts and look forward to reporting back to you next year.

Adrian Stone Chair

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Review of the year

The charity remained committed to the following objectives:

We tested new fundraising approaches and technology through our Christmas campaign, re-started lottery acquisition, and confirmed a large corporate partner for FY2024/25.

Individual fund statements - for the 280 funds that we hold - were sent to our NHS ‘Fund Advisors’ and we proactively highlighted funds that hadn’t been used for a number of years, encouraging funding plans so that monies are spent for impact across our NHS.

We planned and began to introduce a new website and a new supporter and grant-making database (Beacon CRM), to streamline and automate processes, and facilitate improved supporter journeys and reporting.

Through our fundraising, integrated branding in key areas of the hospitals (e.g. discharge lounge) and a new communications role focused on online profile engagement, we are growing our following and repositioning the charity. The leadership team are developing a presence across the City and in the wider charity sector.

A new Grants Officer role enabled a greater focus on grants with a value under £5,000, ensuring that impact reporting is in place for all of these grants.

During the year we developed an Ethical Fundraising and Gift Acceptance Policy and a Vulnerable Adults and Fundraising Policy. We also refreshed our Privacy Policy and Gaming and Responsible Gambling Policy ahead of re-starting acquisition to our lottery product.

Beyond the operational work we have done, we: refreshed our vision, mission and values, developed a strategy 2024-27, and created corresponding operational plans and budgets. These were done based on the opportunities and challenges faced by our beneficiary NHS Trusts, the health of the population of Sheffield, the maturity of the charity’s brand, communications and fundraising, and where Sheffield’s NHS is particularly strong. This work was done collaboratively with our NHS Trusts, our Board of Trustees and charity staff.

The Role of the Charity

We help Sheffield’s hospitals, community teams and health and social care services to cover costs their NHS budgets can’t. We fund support for patients and staff, life-changing research and more, so that we can enhance care from birth to the end of life and everything in between.

We provide additional funding to Sheffield Teaching Hospitals NHS Foundation Trust and Sheffield Health and Social Care NHS Foundation Trust who support people at every stage on life’s journey. From welcoming babies into the world on the Jessop Wing, to supporting cancer care at Weston Park, and specialist care at the Royal Hallamshire, Charles Clifford and the Northern General.

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Somewhere along the line, our funding is likely to have helped you or someone you love.

As well as funding provisions for patients, our grants also contribute to training, equipment and wellbeing projects for NHS professionals. By looking after the staff and services at the centre of patient care, we’re making sure they’re ready to look after you.

The work we fund is only possible through generous donations, fundraising events, corporate support and a coming together of our community. With your help, we’ll make sure that the care you and your loved ones receive is the best it can be.

We achieve this by partnering with NHS clinicians and staff to deliver projects that make a vital difference to patients by:

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Our Vision

Our vision was refreshed during the year.

Every person cared for and working in our hospitals, community and health and social care services is treated with compassion and has access to the best equipment and treatments in the best environments.

Our Mission

Our mission was refreshed during the year.

We help Sheffield’s hospitals, community and health and social care services to cover the costs that the NHS can’t. By funding support for patients and staff, life-changing research and more, we enhance care from birth to the end of life and everything in between.

Our values-based support for healthcare in Sheffield

Our values were refreshed during the year.

1. We’re the best together

We work collaboratively with our beneficiary Trusts and other organisations to have the greatest impact for the people of Sheffield. We help our supporters and volunteers to give back to the NHS in ways that suit them. We employ talented people and encourage each other to be the best we can be.

2. We go the extra mile

Whether you’re a patient, NHS staff, supporter or employee, we strive to make people feel uplifted. Our funding is always above and beyond what the NHS can provide, and we ask, ‘How can we fund the best outcomes in this area?’. We go the extra mile for each other, our beneficiaries and our supporters, and ask, ‘How can we help?’. As a team, we celebrate our successes and work hard to improve and innovate.

3. We look to the future

We help build a brighter future for the NHS in Sheffield. When funding, we ask, ‘How will this help our Trusts now and in the future?’. As a charity, we aim to be financially and environmentally sustainable. When investing in our charity, we ask, ‘Does this help build a sustainable organisation and a happy, productive team?’.

Our strategic objectives

During the year, we developed our strategic objectives for 2024-27.

However, for the financial year 2023/24, our objectives remained as:

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Activities for Public Benefit

All our work has due regard for Charity Commission guidance on public benefit. Thanks to the continued generosity of our supporters, Sheffield Hospitals Charity has been able to invest over £2.3million across all areas of care. This included grant-making in the following areas:

Patients welfare and amenities £814K Staff welfare and amenities £221K Staff training and courses £154K Research £429K Equipment £385K Environment improvements £298K

Research and Innovation

During the year, our commitment to supporting research and innovation included:

Virtual Reality (VR) and Environmental Control technology have the potential to revolutionise spinal cord injury rehabilitation. The Charity confirmed funding to create comprehensive VR and Environmental Control technology training for people with spinal cord injuries. The assessment, training and intervention services will provide patients with access to innovative technology that can help to enhance autonomy in mobility and activities of daily living, and improve quality of life.

Arts in Health, and Volunteers

Charity-funded artwork and music sessions brighten the hospitals and keep patients entertained, reducing feelings of stress and isolation. We also fund the ‘Pick Me Up Pages’ resource for patients, providing a muchneeded distraction. We fund the team that supports and coordinates volunteering activities.

33 young people aged 16 and 17 years old, took part in Team Impact, a young volunteering project.

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Environmental Improvements

We have supported several enhancements to spaces across Sheffield Teaching Hospitals Trust, including:

Fundraising

During FY23/24 we re-started recruiting lottery players. The administration of our Weekly Lottery with existing players was carried out by a third party, with whom we have contract in place and are subject to due diligence and close management.

Sheffield Hospitals Charity is a member of NHS Charities Together. As such, we have the opportunity to benchmark our fundraising activity with our peers, discuss matters of common concern, exchange information and participate in conferences and seminars which offer support and education for our staff and trustees.

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We are committed to ensuring that fundraising is carried out in an ethical manner. Our policies and approach to fundraising standards are outlined below:

Complaints

Our relationships with our supporters are hugely important to us.

When we receive a complaint, we endeavour to resolve it quickly, fairly and effectively. We can continue to improve the services we provide by listening and responding to the views of our supporters, partners and stakeholders and by responding positively to complaints. We aim to ensure that:

As per our Vulnerable Adults and Fundraising Policy, our fundraisers (and any agency staff we engage) are aware of the signs that may indicate that any individual is in vulnerable circumstances and may need support to make an informed decision. If we reasonably believe the individual lacks capacity to make a decision, donations will not be accepted or will be returned if already made.

During the year the Charity received no formal complaints.

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Financial review

The net assets of the Charity as at 31 March 2024 were £14.8m (compared to £14.3m in 2023).

During the year income was £2.8m, a decrease of £0.4m on the previous year, largely due to a reduction in legacy income and grants received. Total expenditure for the year was £2.7m, a decrease of £0.7m on the previous year.

This resulted in a surplus for the year of £0.1m (2023: £0.2m deficit) which, together with realised and unrealised gains from the investment portfolio totaling £0.4m (losses of £1m 2023), results in an overall increase in net assets of £0.5m (2023: £1.2m deficit).

The Charity continues to rely on donations, legacies, investment income and the SHC lottery as the main sources of income.

----- Start of picture text -----
Sources of income for the Charity 2023/24
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----- Start of picture text -----
1%
4%
2% Donations and Fundraising
Legacies
21%
Grants received
21%
SHC Lottery
Retail Income
2%
Investment Income
22%
Income from training courses
24% 3% Other income
Rental income
----- End of picture text -----

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HOW FUNDS WERE SPENT 2023/24
Environmental
improvements
14%
Patients welfare and
Equipment
amenities
10%
39%
Research
20%
Staff welfare and
Staff training and
amenities
courses
10%
7%
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Future plans

Through continued investment in the Charity’s staff and infrastructure, we are now laying the foundations for our ambitious fundraising strategy, which seeks to diversify and grow our voluntary income streams. As a result, we aim to increase our grant giving over the coming years.

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Structure, governance and management

Overview

Sheffield Hospitals Charity is an independent registered charity (registered number 1169762) which exists to raise and receive donations for any charitable purpose relating to the National Health Service (NHS) wholly or mainly for the services provided within Sheffield. Funds are currently held for the patient and staff benefit of the following organisations:

In addition, the Charity seeks to work across the local healthcare system supporting initiatives that prevent ill health and promote good health.

At the Balance Sheet date, there were 14 charities registered with the Charity Commission under the umbrella registration of Sheffield Hospitals Charity. These are listed on pages 20 – 22.

The Charity has a Board of Trustees and two Sub-Committees:

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Trustees

The Directors of the Charitable Company are its Trustees for the purpose of charity law.

The Trustees meet regularly to review the Charity’s affairs, to review the management of the properties, investment portfolio and other funds, to agree the allocation of grant funding within the objectives and to consider and approve plans for fundraising and income generation. Decisions of the Trustees are informed by professional advisors in relation to the property, investments and research grants awarded.

The Trustees during the year 2023/24 were :

Adrian Stone*

Chair

Adrian joined KPMG in 1984 and was a partner in the firm for over 20 years. He held various leadership roles within the partnership including UK Head of Audit and was a member of the UK Executive Committee. He retired from KPMG in September 2018. He is a Pro Chancellor at the University of Sheffield, a Board member of Sheffield Mutual, a locally based friendly society and chair of the Audit Committee at York Minster.

Beverley Webster OBE (resigned 8[th] September 2023)

Mohammed Mahroof

Mahroof is Head of Property & Estates at North East Derbyshire District Council. He has an in-depth knowledge of Public Sector Property and Asset Management and has been involved in many major private sector and local authority projects. Mahroof is Liberal Democrats Councilor for Graves Park Ward and is Chair of Audit Standards as well as being Spokesperson for Education, Families & Children.

Iolanthe Fowler

Iolanthe has worked as a GP in Sheffield since 2000 and has been Clinical Director for Integrated Community Care at Sheffield Teaching Hospitals since 2015. Over the years Iolanthe has combined clinical sessions in general practice with a range of other activities, such as teaching and training, curriculum development, minor surgery, and out of hours clinical sessions. Iolanthe is a practising coach. Iolanthe has been involved in several projects involving the wider health and social care community context such as the Prime Minister’s challenge fund and is now workstream lead for Long Term Conditions in the Sheffield Accountable Care partnership. Iolanthe strongly advocates for integrated whole person “What matters to you?” approaches in the delivery of care.

Natalie Jones (resigned 31[st] August 2023)

Helen Brown

Helen has 35 years’ experience in nursing, 25 of which were spent in Sheffield. Now retired, Helen has held senior nursing roles in a number of specialties in Sheffield Teaching Hospitals NHS Foundation trust. Helen has a Master’s degree in Health & Social Care Leadership & Management and brings a wealth of knowledge and understanding of patient services throughout the Trust.

Rob Ghosh

Rob is a Consultant Physician and Geriatrician and is Trust deputy Medical Director. Prior to this he was Clinical Director for Geriatric and Stroke Medicine since 2015. He is also Clinical Lead for Dementia – a role he has held since 2012. Rob is the Vice Chair of the charity.

Steven Matthews*

Steven is an experienced Finance Director and has undertaken a variety of assignments during the previous 10 years through his consultancy company, Foureleven Business Solutions Limited. His recent clients include companies operating in the transport, recruitment and engineering distribution industries. Prior to this he held senior finance roles in companies involved in the manufacture of glass lighting components, security fencing and diamond cutting tools.

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Chris Morley

Chris joined Sheffield Teaching Hospitals NHS Foundation Trust as Chief Nurse in October 2018. He has previously held a number of leadership roles in healthcare governance, patient safety and nursing management. Chris possesses a BMedSci in Professional Nursing Studies from the University of Sheffield and an MSc in Health and Social Care Leadership from Sheffield Hallam University. He was the Chair of the Association of United Kingdom University Hospitals Deputy Nurse Director Group between September 2016 and October 2017.

Amy Tingle

Amy has a wealth of experience in the corporate, HR and third sector and currently works as a HR & Business Director for Veezu, the largest firm of its kind in the region. Prior to this Amy was a founding partner of her own recruitment company and also an Interim Director / Trustee for the charity Neurocare, which is now part of Sheffield Hospitals Charity.

Recruitment, appointment and induction of Trustees

Trustees are recruited by public advertisement and all candidates are subject to selection and interview prior to appointment. Upon appointment new Trustees are given a full induction and are issued with a Trustee Information Handbook containing details of the Charity, advisers, fellow Trustees and staff, governing document and powers, details of the individual registered charities and their size and copies of relevant Charity Commission publications.

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Senior Management Team

During the year the Senior Management Team employed by Sheffield Hospitals Charity included:

Beth Crackles – joined June 2023 Chief Executive and Director of SHCT Trading Ltd

Chris Anthony – to 30 June 2023

Director of Finance and Business Process (also Director of SHCT Trading Ltd and Neurocare Ltd)

Judith Moulsdale – joined January 2024 Finance Director

Samantha Earnshaw Branding & Communications Director

Max Newton – joined January 2024 Fundraising Director

Shasta Ashraf Grants Director

Administrative structure

The Trustees have established the following committees to monitor, in more detail, aspects of the Charity and make recommendations to the Board of Trustees. In addition to the membership set out below, other attendees are invited for specific agenda items as appropriate. The Charity has an effective system for managing properly conflicts of interests.

Finance and Performance Sub-Committee

The Finance and Performance Sub-Committee meets four times a year and is empowered to consider all matters of financial and information governance, strategy, planning and performance, including internal and external audit and the performance of the investment portfolio of the Charity.

Membership:

Steven Matthews (Sub-Committee Chair) Trustee

Adrian Stone Trustee

Chris Anthony – to 30 June 2023 Director of Finance and Business Process

Beth Crackles – joined June 2023 Chief Executive

Judith Moulsdale – joined January 2024 Finance Director

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In attendance - by invite as required :

Dominic Watson Investment Manager, Rathbones Group PLC

Grant Investment Sub-Committee

The Grant Investment Sub-Committee meets six times per year, every other month, during January, March, May, July, September and November. The Committee has the delegated authority to make grant investment decisions for awards between £5,000 and £500,000.

Membership:

Chris Morley (Chair) Chris Anthony – to 30 June 2023 Chief Nurse & Trustee Director of Finance and Business Process Julie Wright (Joint Deputy Chair) Beth Crackles – joined June 2023 Deputy Director of Finance Chief Executive

Paul Buckley* Deputy Director of Strategy and Planning

Iolanthe Fowler Trustee

Helen Brown Trustee

Rob Ghosh Trustee

Shasta Ashraf Grants Director

Judith Moulsdale Finance Director

In attendance:

*Representatives of Sheffield Teaching Hospitals NHS Foundation Trust

Grant making policy

The Charity makes grants from its unrestricted and restricted funds. Many of the funds are earmarked for particular wards or specialties. These are overseen by Fund Advisers who can commit expenditure up to £5,000 under delegated powers.

Expenditure between £5,000 and £500,000 requires the approval of the Grant Investment Sub-Committee. For expenditure over £500,000 the approval of the full Board of Trustees in meeting is required.

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Reserves policy

At the year end the charity held total funds of £14.8 million.

Included in this total are:

These are funds where the capital is held in perpetuity and invested to generate income; only the income can be spent for a specific purpose. These funds are excluded from reserves.

These are funds that are subject to legal restriction and do not form part of the free reserves. These funds cover all clinical areas of the NHS organisations and the Charity is working actively to ensure they are utilised in a timely manner for public benefit.

These are funds where the income has been received/designated for a specific ward, clinical condition or area and are earmarked for future spending; these funds are excluded from free reserves. These funds cover all clinical areas of the NHS organisations and the Charity is working actively to ensure they are utilised in a timely manner for public benefit.

The trustees consider the remaining unrestricted funds of £1.8 million to be the charity’s free reserves.

The Trustees aim to retain a sum of up to £1 million to cover projected unrestricted grant-making and overhead expenditure for a period of 12months. They recognise their obligation to ensure that income received by the Charity should be spent effectively and promptly in accordance with the funds’ objects. The Charity has taken a three-year view which aligns with our strategy (2024-27) to reduce its free reserves to £1m. This is part of a broader three-year financial plan.

All other accumulated reserves are regularly reviewed as part of the development of longer-term expenditure policies and plans. In addition, all earmarked funds are routinely monitored in order to identify and review dormant balances. New processes put in place during FY 23/24 mean that funds held longer that five years without a spending plan, can be unrestricted thematically (e.g. a fund for a specific heart condition could be unrestricted and form part of a larger fund for the cardiology department as a whole). The purpose of this is to ensure that funds are spent in a timely manner in line with the intention for which the donor has given them.

Investment powers

The investment powers of the Trustees are set out in the Articles of Association dated 11 October 2016.

Investment policy and performance

The Trustees’ investment policy is to protect income from inflationary increases while maintaining capital growth in excess of the movement in the All Share Index in respect of the equity content of the portfolio. Through ESG screening, conducted by Rathbones (the Charity’s Investment Managers), the Trustees take measures to ensure that investments are as ethical as is practical in the context of complex, international business ownership and subsidiaries. Specifically, the Charity seeks to exclude investment in any part of the tobacco industry or pornography industry.

The Investment Managers were granted discretionary management powers by the Trustees in January 2001. The total value of the investment portfolio at 31 March 2024 was £14.9 million and its performance had broadly equaled the various benchmarks set.

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Risk statement

The trustees have a risk management strategy which comprises:

Significant areas of risk for the Charity, following the implementation of suitable controls, include:

In all areas of risk the level of controls were reviewed and enhanced as far as possible. The Trustees will continue to review the risks on a six-monthly basis and take appropriate steps to ensure that risks are mitigated.

Pay policy for senior staff

Historically all Charity staff were employees of Sheffield Teaching Hospitals NHS Foundation Trust and were fully seconded to the Charity. All staff were, therefore, subject to the terms and conditions of service set out in the Agenda for Change framework for all staff directly employed by NHS organisations. The provisions of Agenda for Change negotiated nationally determined terms and conditions of all staff within the Charity.

Following the transfer of all staff to the direct employment of the charity on 1 April 2017 those staff employed under Agenda for Change retain the same terms and condition as protected by TUPE.

For all senior staff employed post 1 April 2017 the trustees assess and set remuneration based on the following principles:

Salaries and conditions are considered in the context of the local market. There is no commitment to increase salaries or improve conditions on an annual basis. The Trustees look to balance affordability and the need to remain competitive. During 2023/24 the Charity put in place salary bands for all roles. These were benchmarked against the regional and national charity sector.

Delegated authority

The Trustees have established a clear Scheme of Delegation which sets down the authority delegated by the Trustees of the Charity to the CEO. It supplements the job description for the CEO and addresses a number of areas more specific to delegation to facilitate fully accountable, effective and efficient management of the Charity.

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Trading subsidiaries

Sheffield Hospitals Charity is the sole shareholder of a trading company, SHCT Trading Ltd (company number 6219138). Two Trustees act as Directors of the company, as noted above.

Its accounts and annual returns are filed with Companies House and it trades at the Northern General Hospital.

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Advisors

Bankers

The Royal Bank of Scotland P.O. Box 52 5 Church Street Sheffield S1 1HF

Investment Advisers

Rathbones Group PLC Beech House 61 Napier Street Sheffield S11 8HA

External Audit, Accountancy and Tax advice

BHP LLP, Statutory Auditor Chartered Accountants 2 Rutland Park Sheffield S10 2PD

Legal Advisors

Bhayani HR and Employment Law 59 Shoreham Street Sheffield S1 4SB

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Objects

The objects and powers of the Charity are set out in the Articles of Association dated 11 October 2016. Under the terms of the governing document, the Trustees can use the unrestricted funds to promote, protect, preserve and advance all or any aspects of the health and welfare of the public.

There are also various special purpose charities that reflect a particular hospital or bequest. Within these charities are numerous designations for individual wards or specialties. These special purpose charities come under the umbrella of Sheffield Hospitals Charity.

The Charities

Sheffield Hospitals Charity is registered with the Charity Commission under the single Registered Number 1169762. At the Balance Sheet date, there were 14 charities registered with the Charity Commission under the umbrella registration of Sheffield Hospitals Charitable Trust and related charities:

Its objects are ‘for the public benefit: (a) to further any charitable purpose or purposes relating to the general or any specific purposes of Sheffield teaching hospitals NHS foundation trust, Sheffield health and social care NHS foundation trust and Sheffield children's NHS foundation trust or the purposes of the health service (as described in section 1 of the NHS act 2006 or any statutory modification of that section); and (b) to promote, protect, preserve and advance all or any aspects of the health and welfare of the public.’

This Charity is governed by Schemes of the Charity Commissioners dated 9 April 2001, 22 July 2011 and 29 March 2017.

Its objects are ‘for any charitable purposes for the general or any specific purposes of the Sheffield Teaching Hospitals NHS Foundation Trust, or for any purposes relating to the health service.’

Formerly known as the Community Health Sheffield Charity and the Sheffield Care Trust charity, the charity is governed by Schemes of the Charity Commissioners dated 9 April 2001, 22 July 2011 and 29 March 2017.

Its objects are ‘any charitable purposes for the general or any specific purposes of the Sheffield Health and Social Care NHS Foundation Trust, or for any purposes relating to the health service’

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Registered Charity No. 1169762-4

Formerly known as Sheffield Children’s Hospital Charity, the charity is governed by Schemes of the Charity Commissioners dated 9 April 2001, 22 July 2011 and 29 March 2017.

Its objects are ‘any charitable purposes for the general or any specific purposes of the Sheffield Children's NHS Foundation Trust, or for any purposes relating to the health service.’

• Weston Park Hospital Staff Development Fund Registered Charity No. 1169762-5

Formerly known as the George Blomfield Research and Travel Trust, the governing document is a Declaration of Trust dated 31 January 1997 as amended by a Supplemental Deed dated 18 February 1998 and Charity Commission Scheme dated 29 March 2017.

Its objects are ‘for the relief of sickness at the Weston Park Hospital by promoting the efficient performance of their duties in treating cancer patients by the staff at that hospital.’

Registered Charity No. 1169762-6

The governing document is a Declaration of Trust dated 31 January 1997 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘for any charitable purpose or purposes relating to the National Health Service wholly or mainly for the Head Injuries Unit, Sheffield.’

Registered Charity No. 1169762-7

The governing document is a Declaration of Trust dated 31 January 1997 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘for any charitable purpose or purposes principally (but not exclusively) at or in connection with the Weston Park Hospital, which will further the following aims: a) the investigation of the causes of cancer and the prevention, treatment, cure and defeat of cancer in all its forms; b) the advancement of scientific and medical education and research in topics related to cancer; c) the furtherance of any other charitable purposes for the relief of persons suffering from cancer.’

Registered Charity No. 1169762-8

The governing document is the will dated 5 May 1983 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘(a) the diagnosis, assessment and treatment of serious mental disorders and behaviour problems in children including autistic and dysphasic children and the support and purchase of clinical equipment for the disorders mentioned above (b) the treatment of arthritis and (c) the provision of kidney machines.’

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Registered Charity No. 1169762-9

The governing document is the will proved on 22 October 1986 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘for the provision of research carried out at the Jessop Wing and for the provision of extra comforts for the patients including gifts of clothing or additional medical or surgical appliances on leaving the said hospitals or either of them.’

Registered Charity No. 1169762-10

The governing document is a scheme dated 29 August 1997 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘in providing additional comforts, services and facilities not readily available from other sources for patients at the Royal Hallamshire Hospital in the city of Sheffield.’

Registered Charity No. 1169762-11

The governing document is a scheme dated 15 December 2004 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘the relief of sickness at and through the institutions (being any hospital or service provided by NHS bodies the charitable funds of which are administered by the Trustees) by promoting the efficient performance of their duties by the nursing staff employed at or by the institutions and in particular, but without limitation to assist financially or otherwise nursing staff in necessitous circumstances, whether they are currently or were previously employed by the institutions.’

The governing document is the will proved on 7 June 2000 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘for any charitable purpose or purposes relating to the National Health Service wholly or mainly for the Rheumatology department at the Royal Hallamshire Hospital, Sheffield.’

• Sheffield Kidney Research Foundation Registered Charity No. 1169762-13

The governing document is a Declaration of Trust dated 6 April 2011 and amended by a Charity Commission Scheme dated 29 March 2017.

Its objects are ‘to promote the relief of suffering and to further medical science by carrying out research on the kidney with the particular emphasis on the presentation and treatment of kidney related diseases and to disseminate the results of such research and new developments in the field through publications and the presentation of work at meetings, courses and conferences.’

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Financial statements for the year ended

31 March 2024

The accounts of the funds held on trust by the Trustees appointed as stated below:

Foreword

The Trustees present their report and the audited financial statements of the Charitable Group for the year ended 31 March 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the Charity. The Trustees’ Report serves the purpose of both a Trustees’ Report and the Directors’ Report under Company Law.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011 and 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 published in October 2019.

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

Statutory Background

The Sheffield Hospitals Charity’s charitable funds held on trust are registered with the Charity Commission and include funds in respect of the following organisations:

Main purpose of the funds held on trust

The main purpose of the charitable funds held on trust is to apply income for any charitable purpose to promote, protect, preserve and advance all or any aspects of the health and welfare of the public.

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Trustees’ responsibilities statements

The Trustees (who are also directors of Sheffield Hospitals Charity for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the parent charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

By order of the Trustees

Signed:

Signer ID: KZFITPZXKJ... Adrian Stone Chair 17th September 2024

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Independent auditor’s report

Independent auditor’s report to the Members and Trustees of Sheffield Hospitals Charity.

Opinion

We have audited the financial statements of Sheffield Hospitals Charity (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2024 which comprise the 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 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company’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

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The other information comprises the information included in the trustees’ annual report, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements 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 group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

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Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 25 the trustees (who are also the directors of the parent 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 group and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance in accordance with those Act.

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.

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. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the group and parent charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

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To address the risks of fraud through management bias and override controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees’ and other management.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

Use of our report

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

Signer ID: B7IXQS3DFV...

Adrian Staniforth (Senior Statutory Auditor) For and on behalf of BHP LLP, Statutory Auditor 2 Rutland Park Sheffield S10 2PD

September 2024

03/10/2024 GMT

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Consolidated Statement of financial activities (Including Income & Expenditure Account) for the year ended 31 March 2024

Note
Income and endowments from:
Donations and legacies
3.1
Charitable activities
3.2
Other trading activities
3.3
Investments
3.4
Other income
3.5
Total Income
Expenditure on:
Raising funds
4.1
Charitable activities
4.2
Grant write-backs
Total Expenditure
Net gains/(losses) on investments
7
Net income/(expenditure)
Transfers between funds
11.4
Net movement in funds
11
Reconciliation of funds
Total funds brought forward
11
Total funds carried forward
11		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£000
£000
£000
390
837
-
37
37
-
778
37
-
323
345
-
1
1
-		 2024
2023
Total
Total
Funds
Funds
£000
£000
1,227
1,247
74
440
815
914
668
609
2
19
1,529
1,257
-		 2,786
3,229
695
356
-
1,460
994
-
(673)
(176)		 1,051
960
2,454
2,412
(849)
-
1,482
1,174
-		 2,656
3,372
234
122
7		 363
(1,080)
281
205
7
26
(26)
-		 493
(1,223)
-
-
307
179
7		 493
(1,223)
6,403
6,432
1,448		 14,283
15,506
6,710
6,611
1,455		 14,776
14,283

All income and expenditure derives from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

The notes on pages 33 – 57 form part of these accounts.

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Balance sheets as at 31 March 2024

Note
Fixed Assets
Tangible assets
5
Intangible assets
6
Investments
7
Current Assets
Stock
8
Debtors
9
Cash at bank and in hand
Creditors: Amounts falling due within
one year
10.1
Net Current Assets / (Liabilities)
Total Assets less Current Liabilities
Creditors: Amounts falling due after
more than one year
10.2
Total Net Assets
Funds
Endowment funds (incl. revaluation
reserve £225k (2023: £226k))
11.1
Restricted income funds (incl.
revaluation reserve £881k (2023:
£931k))
11.2
Unrestricted funds (incl. revaluation
reserve £1,728k (2023: £1,773k))
11.3
Total Funds		 Group
Group
2024
2023
£000
£000
161
181
20
16,492
14,983		 Charity
Charity
2024
2023
£000
£000
161
181
20
16,492
14,983
16,673
15,164		 16,673
15,164
4
4
368
377
532
2,238		 -
-
391
380
529
2,235
904
2,619		 920
2,615
1,783
2,630		 1,783
2,629
(879)
(11)		 (863)
(14)
15,794
15,153		 15,810
15,150
1,018
870		 1,018
870
14,776
14,283		 14,792
14,280
1,455
1,448
6,611
6,432		 1,455
1,448
6,611
6,432
8,066
7,880
6,710
6,403		 8,066
7,880
6,726
6,400
14,776
14,283		 14,792
14,280

The notes at pages 34 - 57 form part of these accounts.

The charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements. The surplus of the Trust is £493k (2023: deficit £1,223).

The financial statements were approved and authorised for issue by the trustees on 17 September 2024 and signed on their behalf by:

Signer ID: KZFITPZXKJ...Adrian Stone

Chair

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Consolidated Statement of cash flows for the year ended 31 March 2024

ar ended 31 March 2024
Net income/(expenditure) for the year
(as per the statement of financial activities)
Adjustments for:
Depreciation
(Gains)/Losses on investments
Dividends, interest and rents from investments
Decrease in stock
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
Net cash flow from operating activities
Cash flow from investing activities:
Dividends, interest and rents from investments
Proceeds from sale of investments
Purchase of intangible asset
Purchase of investments
Net cash flow from investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Analysis of cash and cash equivalents
Cash in hand
Cash and cash equivalents at 31 March 2024		 2024
2023
£000
£000
493
(1,223)
20
20
(363)
1,080
(668)
(609)
-
2
9
(197)
(699)
451
(1,208)
(476)
668
609
4,773
2,589
(20)
(5,919)
(2,540)
(498)
658
(1,706)
182
2,238
2,056
532
2,238
532
2,228
532
2,238

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Analysis of changes in net debt

Cash at bank and in hand
Analysis of cash and cash equivalents
Cash in hand		 At 1 April
2023
£000		 Cash
Flows
£000		 At 31 March
2024
£000
2,238 (1,706) 532
2024
2023
£000
£000
532
2,238

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Notes to the accounts

1 Accounting policies

1.1 General information and basis of preparation

Sheffield Hospitals Charity is a charity and company limited by guarantee registered in England & Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

The Charity constitutes a public benefit entity as defined by FRS102. 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £000.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements consolidate the accounts of Sheffield Hospitals Charity and all of its subsidiary undertakings (‘subsidiaries’). The results of the subsidiaries are consolidated on a line by line basis.

The company had taken advantage from the exemption contained within section 408 of the Companies Act 2006 not to present its own statement of financial activities in these financial statements.

The income and expenditure account for the year dealt with within the accounts of the company was £493k (2023 – (£1,223k)).

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b) Gifts in kind

Donated goods are included in income at the estimated value of the gift to the charity when received, based on the amount that the charity would have been prepared to pay had it been required to purchase them, with a corresponding entry in the appropriate expenditure heading for the same amount.

c) Intangible income

No intangible income has been received in the current accounting period.

d) Legacies

Receipt of a legacy is recognised when it is probable that it will be received. Receipt is normally probable when there has been grant of probate; the executors have established that there are sufficient assets in the estate, after settling any liabilities, to pay the legacy; and any conditions attached to the legacy are either within the control of the charity or have been met.

e) Incoming resources from endowment funds

Under the terms of the endowments, incoming resources other than investment gains or losses are restricted and are allocated to the appropriate restricted fund.

f) Income from trading activities

Includes income earned from fundraising events and trading activities to raise funds for the charity. Income is exchanged for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

1.3 Expenditure recognition

The funds held on trust accounts are prepared in accordance with the accruals concept. All expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party.

a) Cost of raising funds

The costs of raising funds are the costs associated with generating income for the funds held on trust. This will include the costs associated with fund raising, trading activity, portfolio management and property management.

b) Grants payable

Grants payable are payments made to third parties (including NHS bodies) in the furtherance of the funds held on trust's charitable objectives to relieve those who are sick. They are accounted for on an accruals basis where the conditions for their payment have been met or where a third party has a reasonable expectation that they will receive the grant. This includes grants paid to NHS bodies.

c) Governance costs

These are accounted for on an accruals basis and represent the costs incurred in the organisational administration and compliance with constitutional and statutory requirements.

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d) Allocation of overhead and support costs

Overhead and support costs have been allocated between costs of raising funds and expenditure on charitable activities. Costs which are not wholly attributable to an expenditure category have been apportioned. The analysis of support costs and the basis of apportionment applied are shown in note 4.3. Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

1.4 Structure of funds

Where there is a legal restriction on the purpose to which a fund may be put, the fund is classified in the accounts 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. Other funds are classified as unrestricted funds. Funds which are not legally restricted but which the Trustees have chosen to earmark for set purposes are designated funds.

The major restricted funds held are disclosed in note 11.2 and major designated funds are disclosed in note 11.3.

1.5 Fixed assets

All assets falling into the following categories are capitalised:

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Years Years
Office and IT equipment 5 Straight line
Leasehold improvements 15 Straight line

Fixed asset investments are shown at fair value at the Balance Sheet date.

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1.7 Realised and unrealised gains and losses

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

1.8 Apportionment

Items of income and expenditure are apportioned on a quarterly basis to qualifying funds, as follows:

The apportionment process is managed through individual control funds for each linked charity which sit alongside the underlying funds.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.10 Tax

The Charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and 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 company for UK corporation tax purposes.

1.11 Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

1.12 Provisions

Provisions are recognised when the Charity has an obligation at the Balance Sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably measured.

1.13 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short-term maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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1.14 Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

1.15 Employee Benefits (Incl. Pensions)

The charity operates two pension schemes, a defined benefit scheme for employees TUPE’d from the Sheffield Teaching Hospitals NHS Trust on 1 April 2017 and a defined contribution scheme for employees employed post 1 April 2017.

The defined benefit NHS Pension Scheme is an unfunded scheme therefore contributions to both schemes are expensed as they become payable.

Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

37 | Sheffield Hospitals Charity Annual Report 2023-24

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2 Detailed statement of financial activities for the year ended 31 March 2023

Note
Income and endowments from:
Donations and legacies
3.1
Charitable activities
3.2
Other trading activities
3.3
Investments
3.4
Other income
3.5
Total Income
Expenditure on:
Raising funds
4.1
Charitable activities
4.2
Total Expenditure
Net gain on investments
6
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
10		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
£000
£000
£000
727
520
-
21
419
-
850
64
-
293
316
-
19
-		 2023
Total
Funds
£000
1,247
440
914
609
19
1,910
1,319
-		 3,229
713
247
-
698
1,714
-
960
2,412
1,314
1,961
-		 3,372
(634)
(389)
(57)
(1,080)
(135)
(1,031)
(57)
(1,144)
1,144
-		 (1,223)
-
(1,279)
113
(57)		 (1,223)
7,682
6,319
1,505
15,506
6,403
6,432
1,448		 14,283

All income and expenditure derives from continuing activities.

The statement of financial activities includes all gains and losses recognised during the year.

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3 Details of income

3.1 Income from donations and legacies

Donations
Legacies
Gifts in kind
Total		 Unrestricted
Restricted
Endowment
2024
2023
Funds
Funds
Funds
Total
Total
£000
£000
£000
£000
£000
307
178
-
485
805
83
476
-
559
442
-
183
-
183
-
390
837
-
1,227
1,247

3.2 Charitable activities

Grants received
Total		 Unrestricted
Restricted
Endowment
2024
2023
Funds
Funds
Funds
Total
Total
£000
£000
£000
£000
£000
37
37
-
74
440
37
37
-
74
440

3.3 Other trading activities

Income from the provision of education
and training
Fundraising events
SHCT Trading Ltd
SHC Lottery
Other
Total		 Unrestricted
Restricted
Endowment
2024
2023
Funds
Funds
Funds
Total
Total
£000
£000
£000
£000
£000
56
-
-
56
44
35
37
-
72
92
50
-
-
50
56
630
-
-
630
720
7
-
-
7
2
778
37
-
815
914

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3.4 Investments

Analysis of gross income from investments

Rental income
Listed investments
Interest on short term deposits
Total
3.5
Other income		 Unrestricted
Restricted
Endowment
2024
2023
Funds
Funds
Funds
Total
Total
£000
£000
£000
£000
£000
-
115
-
115
104
311
230
-
541
500
12
-
-
12
5
323
345
-
668
609
Unrestricted Restricted Endowment 2024 2023
Funds Funds Funds Total Total
£000 £000 £000 £000 £000
Other income 1 1 2 19
Total 1 1 - 2 19
4 Details of expenditure
4.1 Raising funds
Staff costs
Fundraising costs
Investment Manager’s fees
SHC Lottery costs
Retail costs
Support costs (see note 4.3)
Total		 Unrestricted
Restricted
Endowment
2024
2023
Funds
Funds
Funds
Total
Total
£000
£000
£000
£000
£000
276
179
-
455
291
40
66
-
106
177
28
21
-
49
50
240
-
-
240
189
27
-
-
27
33
84
90
-
174
220
695
356
-
1,051
960

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4.2 Charitable activities

Grants payable 2024

Patients welfare and amenities
Staff welfare and amenities
Staff training
Research
Capital equipment
Building work
Training course running costs
NHSCT Stage 2 Community Grants
Support costs_(see note 4.3)_
Total		 Unrestricted
Restricted
Endowment
2024
2023
Funds
Funds
Funds
Total
Total
£000
£000
£000
£000
£000
608
206
-
814
446
193
28
-
221
134
81
28
-
109
90
239
190
-
429
792
72
313
-
385
40
152
146
-
298
165
45
-
-
45
33
-
-
-
370
70
83
-
153
342
1,460
994
-
2,454
2,412

Grants made to institutions

Name of recipient:
Sheffield Teaching Hospitals NHS Foundation Trust
Sheffield Health and Social Care NHS Foundation Trust
Total		 2024
2023
£000
£000
1,876
1,977
63
3
1,939
1,980

Grants made to individuals

Study leave grants
Total		 Number
120		 2024
2023
£000
£000
109
90
109
90

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4.3 Allocation of support costs and overheads

Support costs are directly allocated to charitable activities and raising funds where they are wholly attributable to those headings. The balance is then allocated between activities using the following bases:

a) Analysis of expenditure

Staff costs
Hospital administration
Audit and accountancy
Department site charges
Insurance premiums
Legal fees
Computer maintenance and IT
systems
Staff training
Bank charges
Printing and stationery
Recruitment
Depreciation
Cash collection fees
NHS Stage 2 admin fee
Staff relocation
Cleaning
Miscellaneous
Total		 Charitable
Raising
Activities
Funds
£000
£000
77
77
4
-
21
7
6
6
3
4
-
9
15
15
-
2
1
1
2
4
6
6
10
10
-
12
-
-
-
-
4
4
3
16		 2024
2023
Basis of
Total
Total
Apportionment
£000
£000
£000
154
335
Time
4
46
Grant making
28
20
Grant making
12
34
Department
7
6
Grant making
9
7
Department
30
30
Department
2
3
Department
2
2
Department
6
5
Department
12
7
Department
20
20
Department
12
13
Department
-
23
Department
-
(8)
Department
8
8
Time
20
11
Actual
325
562
152
173

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b) Support cost allocation summary

Charitable activities
Raising funds
Total		 Unrestricted
Restricted
Endowment
2024
2023
Funds
Funds
Funds
Total
Total
£000
£000
£000
£000
£000
70
83
-
153
342
84
90
-
174
220
154
173
-
327
562

5 Tangible assets

Group and company

Total tangible fixed assets
Balance at 1 April 2023
Additions
Balance at 31 March 2024
Accumulated depreciation
Balance at 1 April 2023
Charge for the year
Balance at 31 March 2024
Net book value at 31 March 2024
Net book value at 31 March 2023		 Leasehold
improvements
Office and IT
equipment
Total
£000
£000
£000
301
20
321
-
-
-
301
20
321
120
20
140
20
-
20
140
20
160
161
-
161
181
-
181

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6 Intangible assets

Group and company

Total Intangible fixed assets
Balance at 1 April 2023
Additions
Balance at 31 March 2024
Accumulated depreciation
Balance at 1 April 2023
Charge for the year
Balance at 31 March 2024
Net book value at 31 March 2024
Net book value at 31 March 2023		 Systems software
Total
£000
£000
-
-
-
-
20
20
20
20
-
-
-
-
20
20
-
-

7 Investments

Group and company

Fixed asset investments

Fixed asset investments
Listed Investments
Market value at 1 April 2023
Disposals at carrying value
Acquisitions at cost
Net gain/(loss) on revaluation
Market Value at 31 March 2024
Investment cash

Total listed Investments
 2024
2023
Total
Total
£000
£000
13,240
14,252
(1,896)
(1,235)
3,137
1,305
363
(1,082)
14,844
13,240
48143
14,89213,383

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Market value at 31 March:

arket value at 31 March:
Investment properties
Investments listed on Stock Exchange
Cash held as part of the investment portfolio
Total		 Held in UK
£000
1,600
14,844
48		 2024
2023
Total
Total
£000
£000
1,600
1,600
14,844
13,240
48
143
16,492 16,492
14,983

Investment properties were subject to independent professional valauation by Mark Jenkinson & Son during March 2020. The valuations have ben performed on an open market basis. Mark Jenkinson & Son were paid market value for the work undertaken.

8 Stock

Stock of goods for resale Group
Group
Charity
Charity
2024
2023
2024
2023
£000
£000
£000
£000
4
4
-
-
4
4
-
-

All stock held is for resale.

9 Debtors

Amounts falling due within one year:
Prepayments
Accrued income
Other debtors		 Group
Group
Charity
Charity
2024
2023
2024
2023
£000
£000
£000
£000
31
29
31
29
310
141
310
141
27
207
50
210
368
377
391
380

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10 Creditors

10.1 Amounts falling due within one year

Accruals
Other tax and social security
Other creditors
Deferred income		 Group
Group
Charity
Charity
2024
2023
2024
2023
£000
£000
£000
£000
1,701
2,531
1,701
2,530
21
24
21
24
46
75
46
75
15
-
15
-
1,783
2,630
1,783
2,629

10.2 Amounts falling due after more than one year

Accruals
Total creditors falling due after more
than one year
Total creditors		 Group
Group
Charity
Charity
2024
2023
2024
2023
£000
£000
£000
£000
1,018
870
1,018
870
1,018
870
1,018
870
2,801
3,500
2,778
3,499

Accruals falling due within one year are £645k (2023 £921k) for unrestricted funds, and £1,056k (2023 £1,610k) for restricted funds.

Accruals falling due after more than one year are £133k (2023 £98k) for unrestricted funds, and £885K (2023 £772k) for restricted funds. This relates to charitable grants to be drawn down in future years.

Deferred income:

B/f £0 Deferred income in year £15K C/F £15K

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11 Funds of the Charity

Group and company

11.1 Endowment funds

Balance
1 April
2023
£000
J Sinclair White
808
Thomas Blow
640		 Income
Expenditure
Transfers
Gains
and losses
£000
£000
£000
£000
-
-
-
11
-
-
-
(4)		 Balance
31 March
2024
£000
819
636
2024 Total
1,448		 -
-
-
7		 1,455
Balance
1 April
2020
£000
J Sinclair White
835
Thomas Blow
670		 Income
Expenditure
Transfers
Gains
and losses
£000
£000
£000
£000
-
-
-
(27)
-
-
-
(30)		 Balance
31 March
2023
£000
808
640
2023 Total
1,505		 -
-
-
(57)		 1,448

Name of fund Description of the nature and purpose of each fund Promoting the efficient performance of their duties by the nursing staff employed at J Sinclair White the Institutions. To assist financially or otherwise nursing staff in necessitous circumstances whether currently or previously employed by the Institutions. For the provision of comforts, services and facilities not readily available from the Thomas Blow other sources for patients at the Royal Hallamshire Hospital.

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11.2 Restricted funds

Sheffield Teaching Hospitals
Cancer Research
J Sinclair White
Jessop Wing Care and Research Fund
(formerly Ellen Webster)
Sheffield Kidney Research Association
Thomas Blow
Head Injuries Unit
Sheffield Hospitals Charitable Trust
George Blomfield
Royal Hallamshire Hospital
Rheumatology Fund (formerly Jean
Margaret Woodhead)
Sheffield Health and Social Care Trust
Royal Hallamshire Hospital Arthritis
fund (formerly Ida Siddall)
Neurocare
NHS Charities Together
NHS Charities Together – Stage 2
NHSCT Development Grant
2024 Total		 Balance
1 April
2023
Income
Expenditure
Transfers
£000
£000
£000
£000
4,820
912
(830)
18
135
9
47
-
137
62
(11)
-
88
4
(6)
-
102
26
(45)
-
360
44
-
-
325
35
(35)
-
14
-
38
-
34
10
(25)
-
29
-
-
-
3
32
(63)
-
10
-
-
-
206
123
(149)
-
132
-
(88)
(44)
9
-
-
-
28
-
(7)
-		 Gains
and losses
£000
96
4
-
2
2
-
-
-
17
-
-
-
1
-
-
-		 Balance
31 March
2024
£000
5,016
195
188
88
85
404
325
52
36
29
(28)
10
181
-
9
21
6,432
1,257
(1,174)
(26)		 122 6,611

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Sheffield Teaching Hospitals
Cancer Research
J Sinclair White
Jessop Wing Care and Research Fund
(formerly Ellen Webster)
Sheffield Kidney Research Association
Thomas Blow
Head Injuries Unit
Sheffield Hospitals Charitable Trust
George Blomfield
Royal Hallamshire Hospital
Rheumatology Fund (formerly Jean
Margaret Woodhead)
Sheffield Health and Social Care Trust
Royal Hallamshire Hospital Arthritis
fund (formerly Ida Siddall)
Neurocare
NHS Charities Together
NHS Charities Together – Stage 2
NHSCT Development Grant
2023 Total		 Balance
1 April
2022
Income
Expenditure
Transfers
£000
£000
£000
£000
4,545
571
(1,006)
1,044
178
29
(57)
-
99
48
(10)
-
99
3
(6)
-
66
27
14
-
310
50
-
-
325
35
(35)
-
22
8
(116)
100
50
1
(13)
-
29
-
-
-
3
-
-
-
10
-
-
-
435
147
(353)
-
115
-
17
-
33
370
(394)
-
-
30
(2)
-		 Gains
and losses
£000
(334)
(15)
-
(8)
(5)
-
-
-
(4)
-
-
-
(23)
-
-
-		 Balance
31 March
2023
£000
4,820
135
137
88
102
360
325
14
34
29
3
10
206
132
9
28
6,319
1,319
(1,961)
1,144		 (389) 6,432

49 | Sheffield Hospitals Charity Annual Report 2023-24

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Name of fund Description of the nature and purpose of each fund
Sheffield TeachingHospitals Anycharitablepurpose relatingto the Sheffield TeachingHospitals.
Investigation of the causes of cancer, advancement of scientific education and
Cancer Research research in cancer, relief for persons suffering from cancer, primarily, but not
exclusively,at Weston Park Hospital.
Promoting the efficient performance of their duties by the nursing staff employed at
J Sinclair White the Institutions. To assist financially or otherwise nursing staff in necessitous
circumstances,whether currentlyorpreviouslyemployed bythe Institutions.
Jessop Wing Care and
Research Fund (formerly Ellen Research and patients' comforts at the Jessop Wing.
Webster)
Sheffield Kidney Research To promote the relief of suffering and to further medical science by carrying out
Association research on the kidney.
Thomas Blow For the provision of comforts, services and facilities not readily available from other
sources forpatients at the Royal Hallamshire Hospital.
Head Injuries Unit Anycharitablepurpose relatingto the Head Injuries Unit.
Sheffield Hospitals
Charitable Trust		 Any charitable purpose relating to hospital services.
George Blomfield Relief of sickness at the Weston Park Hospital.
Royal Hallamshire Hospital
Rheumatology Fund (formerly
Jean Margaret Woodhead)		 Any charitable purpose relating to the Rheumatology department at the Royal
Hallamshire Hospital.
Sheffield Health
and Social Care Trust		 Any charitable purpose relating to the Sheffield Health and Social Care Trust.
Royal Hallamshire Hospital
Arthritis Fund (formerly Ida
Siddall)		 The diagnosis, assessment and treatment of serious mental disorders and behaviour
problems in children including autistic and dysphasic children and the purchase and
support of clinical equipment for the above. The treatment of arthritis. The provision
of kidneymachines.
Neurocare Anycharitablepurpose relatingto Neuroscience.
NHS Charities Together Stage 1 and Stage 3 funding provided by NHS Charities Together to support staff and
patient health and wellbeingduringthe COVID 19pandemic
NHS Charities Together –
Stage 2		 Stage 2 funding provided by NHS Charities Together to support community projects

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11.3 Unrestricted and designated funds

Unrestricted funds
Sheffield Hospitals Charity General Fund
Total unrestricted funds
Material designated funds
Sheffield Teaching Hospitals Charity Reserve
Designated Capital fund
SHC Capital Exp Fund
Royal Hallamshire General
Neonatology Fund
Haematology General Fund
Sheffield Health and Social Care Trust
Other designated funds(136)		 Balance
1 April
2023
Income
Expenditure
Transfers
£000
£000
£000
£000
3,340
995
(559)
(2,075)		 Gains
and
losses
£000
138		 Balance
31 March
2024
£000
1,839
3,340
995
(559)
(2,075)		 138 1,839
272
170
(272)
-
181
-
(20)
-
2,100
7
-
-
(7)
134
25
(82)
-
118
30
(121)
-
118
10
(30)
-
2,233
299
(398)
8		 96
-
-
-
-
-
-
266
161
2,100
-
77
27
98
2,142
Total designated funds 3,063
534
(923)
2,101		 96 4,871
2024 Total unrestricted and designated
funds		 6,403
1,529
(1,482)
26		 234 6,710
Unrestricted funds
Sheffield Hospitals Charity General Fund
Total unrestricted funds
Material designated funds
Sheffield Teaching Hospitals Charity Reserve
Designated Capital fund
Royal Hallamshire General
Neonatology Fund
Haematology General Fund
Palliative Care Unit
Sheffield Health and Social Care Trust
Other designated funds (136)		 Balance
1 April
2022
Income
Expenditure
Transfers
£000
£000
£000
£000
3,561
1,212
(864)
(277)		 Gains
and losses
£000
(292)		 Balance
31 March
2023
£000
3,340
3,561
1,212
(864)
(277)		 (292) 3,340
727
158
(280)
-
201
-
(20)
-
336
8
-
(337)
124
34
(24)
-
111
28
(21)
-
277
-
-
(277)
116
32
(21)
-
2,229
438
(181)
(253)		 (333)
-
-
-
-
-
(9)
-
272
181
7
134
118
-
118
2,233
Total designated funds 4,121
698
(547)
(867)		 (342) 3,063
2023 Total unrestricted and designated
funds		 7,682
1,910
(1,411)
(1,144)		 (634) 6,403

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The Trustees have set a closing balance of £100,000 or above as the threshold for reporting material designated funds.

In the interests of accountability and transparency a complete breakdown of all designated and earmarked funds is available upon written request.

Name of fund Description of the nature and purpose of each fund
Sheffield Teaching
Hospitals CharityReserve		 Designated for any charitable purpose at the Sheffield Teaching Hospitals NHS FT.
Designated Capital Fund Designated for capital expenditure only.
SCH Capital Exp Fund Designated for large capital expenditure projects.
Royal Hallamshire General Designated for any charitable purpose at the Royal Hallamshire Hospital.
Neonatology Fund Designated for any charitable purpose relating to Neonatology at the Jessop
Wing.
Haematology General Fund Designated to promote comfort and safety of patients on P3,P4,O1,O2 who
suffer from blood and related disorders.
Palliative Care Unit Designated for any charitable purposes relating to the Palliative Care Unit.
Sheffield Health and Social
Care Trust		 Any charitable purpose relating to the Sheffield Health and Social Care Trust.

11.4 Transfer between funds

Transfers identified in note 11.3 reflect the earmarking of grants awarded by the Trustees and the unearmarking of grants previously made which are no longer required, together with the consolidation of various previous reserves funds within Sheffield Teaching Hospitals NHS Foundation Trust.

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12 Staff costs

The average monthly number of employees and full time equivalent (FTE) during the year was as follows:

Raising funds
Governance
Total		 2024
2024
2023
2023
Number
FTE
Number
FTE
12
11
11
9
3
2
4
3
15
13
15
12

The total staff costs and employee benefits were as follows:

Salaries and wages
Social security costs
Defined benefit pension costs
Defined contribution pension costs
Total		 2024
2023
£000
£000
528
534
52
56
16
27
13
9
609
626

The Charity had no staff members receiving remuneration in the range £60,000 - £70,000 during the year. (2023 – one £60,000 - £70,000 and one £80,000 - £90,000).

The senior management team of the Charity were considered to be the Chief Executive, Director of Brand & Communications, Director of Grants, Director of Fundraising and the Director of Finance. The costs of these key management personnel charged to the Charity in the period were:

2024 2023
£000 £000
Salaries and wages 173 155
Social security costs 20 20
Pension costs 11 9
Total 204 184

13 Contingencies

There are no contingent gains or losses not included in the accounts.

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14 Commitments, liabilities and provisions

14.1 Grant commitments

At 31 March 2024 the charity had no grant commitments (2023: Nil).

The Trustees recognise liabilities in the accounts once they have incurred either a legal or constructive obligation to expend funds.

Creditors of £2,801k (2023 £3,401k) have been included in this set of accounts. These are considered to be a legal or constructive obligation because commitments have been made to fund research projects, salaries and approved non-recurrent expenditure which can be reliably estimated. Invoices have been received and settled since the Balance Sheet date for remaining items in the total.

Of this figure, £1,151k (2023 £1,306k) relates to grants payable on research projects and £1,315k (2023 £2,095k) on capital items and non-recurrent expenditure.

14.2 Capital commitments

At 31 March 2024 the charity had no capital commitments (2023: Nil)

15 Operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

Not later than one year
Later than one and not later than five years
Later than five years
Total		 2024
2023
£000
£000
11
11
-
-
-
-
11
11

Operating lease payment is rent for the hubs, total lease payments for the year is £11,000. 2023 operating lease payments were £35,000K in total for the year (Wycliffe House and Hubs).

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16 Trustee and connected persons transactions

16.1 Trustee expenses reimbursed

No trustees received any reimbursement for expenses during the year.

16.2 Trustee remuneration

One Trustee received invoice payments total of £6,480 during the year to support the Finance Team in the absence of a Finance Director. The decision unanimously by the full Board of Trustees (excluding the recipient) and was taken in line with Charity Commission guidance (CC11: Trustee expenses and payments).

16.3 Trustee indemnity insurance

Description of cover:
Personal Indemnity Insurance to a maximum
of £1,000,000 per annum
Total		 2024
2023
£
£
1,334
1,334
1,334
1,334

17 Related party transactions

During the year only one of the Trustees or members of the key management staff or parties related to them has undertaken any transactions with the Sheffield Hospitals Charity as disclosed in note 16.2

Transactions with subsidiary undertakings

SHCT Trading Ltd

During the year the Sheffield Hospitals Charity made payments totalling £66,206 (2023: £51,127) on behalf of SHCT Trading Ltd and received amounts totalling £49,814 (2023: £54,990). At the year end a loss of £16,392 occurred (2023: £3,863 profit was due from SHCT Trading Ltd).

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18 Subsidiary companies

18.1 SHCT Trading Ltd - company registration number 06219138

SHCT Trading Ltd is a wholly owned trading subsidiary.

The results of the subsidiary are summarised below:

Turnover
Cost of sales
Gross profit
Administration
Net profit
Current assets
Stocks
Debtors
Cash at bank and in hand
Current liabilities
Creditors
Net current assets
Capital and reserves
Called up share capital
Profit & loss reserves
Shareholders’ funds		 2024
2023
£000
£000
50
56
(15)
(21)
35
35
(51)
(31)
(16)
4
2024
2023
£000
£
4
4
-
-
4
4
8
8
24
4
(16)
4
(16)
4
(16)
4

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19 Analysis of net assets between funds

Fixed Assets
Cash and current investments
Other current assets
Other current liabilities
Creditors more than one year		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
£000
£000
£000
7,259
7,959
1,455
255
277
-
62
310
-
(737)
(1,046)
-
(129)
(889)
-		 2024
Total
£000
16,673
532
372
(1,783)
(1,018)
6,710
6,611
1,455		 14,776
Fixed Assets
Cash and current investments
Other current assets
Other current liabilities
Creditors more than one year		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2023
Total
£000
£000
£000
£000
6,211
7,503
1,448
15,162
1,014
1,226
-
2,240
296
85
-
381
(1,022)
(1,608)
-
(2,630)
(96)
(774)
-
(870)
6,403
6,432
1,448
14,283

20 Pensions

20.1 Defined benefit pension scheme

The charity obtained a NHS Pension Scheme Direction, effective from the 1 April 2017, allowing all employees at that date to retain membership of the NHS Pension Scheme.

The scheme is an unfunded, defined benefit scheme accounted for as a defined contribution scheme.

Employer contribution rates are 14.38%. The amount recognised as an expense in the year is £16,294 (2023: £26,986).

20.2 Defined contribution pension scheme

For all staff members employed after 1 April 2017 the charity operates a defined contribution pension plan. The amount recognised in the year was £13,359 (2023: £9,613).

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