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2025-03-31-accounts

Health Services Research UK

Charity Registration No. 1182643

Report and Unaudited Financial Statements Year ended 31 March 2025

Health Services Research UK

Status: Charity registration no.: 1182643 The Charity's governing document is its Constitution dated 26 March 2019

Registered Office: The Nuffield Trust 59 New Cavendish Street London W1G 7LP

Executive Director Catriona Chatfield Trustees: Judith Smith (Chair) Temidayo Ajakaiye Peter Bower Gary Ford Nina Hemmings Ashra Khanom Lynn Laidlaw Gemma McKenna Rob Newton Alicia O’Cathain (Appointed on 2nd December 2024) Angus Ramsay Kieran Walshe Yvonne Birks (Retired on 10th April 2025) Andrew Hutchings (Retired on 21st January 2025) Tara Lamont (Retired on 21st January 2025) Pearl Saadi (Retired on 21st January 2025)

Bankers: CAF Bank Kent, ME19 4JQ

Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117A St. John's Hill Sevenoaks TN13 3PE

1

Health Services Research UK

Trustees' Report for the year ended 31 March 2025

The Trustees have pleasure in presenting their Annual Report and Financial Statements for the year ended 31 March 2025.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Health Services Research UK (HSR UK) is a self-supporting membership organisation dedicated to the promotion of health services research in policy and practice. HSR UK has existed for about 18 years, originally hosted within the NHS Confederation and later Universities UK. In March 2019 HSR UK became an independent charity registered with the Charity Commission (no 1182643). The assets of HSR UK were formally transferred to the new charity from Universities UK in August 2019, therefore the year ended 31 March 2025 covered by this annual report was the fourth full financial year for the charity. HSR UK is based at the central London offices of the Nuffield Trust, a charitable health policy and research foundation, which generously provides desk space, HR and IT services in kind, in return for which we are pleased to give the Trust complimentary membership of HSR UK and several complimentary places at our annual conference.

The collective voice of UK health services – and increasingly also social care - research, HSR UK connects researchers with health service and social care leaders, managers, clinicians, and policy makers to drive evidence-based improvement and innovation in the NHS and social care. HSR UK’s membership consists of organisations which have an interest or involvement in health services and social care research. Many are university departments, centres, or units; some are NHS or care organisations; others include think-tanks, research funders, consultancies and third sector organisations. HSR UK is governed by a board of up to 16 trustees, who are appointed by the members at its annual members’ meeting, in accordance with the Articles of Association of the charity. Trustees may be co-opted by the board prior to appointment.

In terms of structure and management in 2024/25, HSR UK’s Director, appointed in June 2022, remained in post throughout. Our Project Officer, who came into post at the start of April 2023, had a change of role to Research and Engagement Officer in February 2025. Our Communications Officer, who also started in April 2023, left the organisation in May 2024 and was not replaced. The core staff consisted of the Director and the Research and Engagement Officer throughout most of the 2024-2025 reporting period. Both core staff members work part-time.

3 trustees retired at the 2024 AGM (held in January 2025): Andrew Hutchings, Tara Lamont (both by request) and Pearl Saadi (did not stand for reappointment after retirement by rotation). The board co-opted Alicia O’Cathain in December 2024 and her appointment was approved by members at the AGM. Alicia had been shortlisted in the previous round of trustee recruitment but not appointed at that time.

Professor Peter Bower was appointed as Deputy Chair (internal recruitment), by a process led by the Nominations Committee, chaired by Angus Ramsay. Associate Professor Gemma McKenna was also appointed as Associate Deputy Chair. This is a new board leadership role, designed to support development and inclusion for trustees.

2

Health Services Research UK

Trustees' Report for the year ended 31 March 2025

STATEMENT ON PUBLIC BENEFIT

The objectives and activities, and achievement and performance sections of this report clearly set out the activities which the charity undertakes for the public benefit. The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the charity.

RISK MANAGEMENT

The Trustees have reviewed the major and financial risks that impact on the work of the charity. The systems that have been established enable the Trustees to review and take necessary steps to lessen these risks.

OBJECTIVES AND ACTIVITIES

HSR UK’s charitable object is “to advance the education of the public in general (and particularly amongst those involved in health services and in research) on the subject of health services research and to promote research for the public benefit in all aspects of that subject and to publish the useful results.”

HSR UK has three main objectives through which it achieves its charitable object:

In 2024/25 HSR UK focused on delivering its core activities.

PROJECTS AND EVENTS

Conference

HSR UK held its 17th annual conference in July 2024 at the University of Oxford. This event was the third face to face conference since the pandemic and the first to be fully face to face, with no hybrid/ digital element. This decision was made after relatively low uptake of the hybrid offer in 2023, compared to the high cost. The cost was only made viable in 2023 thanks to sponsorship from the University of Birmingham, which was unique to that event.

The conference had four plenaries, 25 research discussion session, 15 interactive workshop/learning and development sessions and 9 poster walk round presentation sessions.

We again made 3 awards for Future Leaders in Health and Social Care Research and 3 awards for Innovation in Inclusion in research.

354 people registered to attend for 3 days in Oxford. Delegates came from academic institutions, provider organisations, third sector bodies, think tanks, and government agencies, in line with previous events. We introduced a special rate for patient partners and had 17 patient and public attendees.

3

Trustees' Report for the year ended 31 March 2025

Health Services Research UK

The conference evaluation was very positive, with 100% (143) of attendees responding to the evaluation rating the conference as either ‘excellent’, ‘very good’ or ‘good’ overall. The evaluation identified several activities which were positively received: the range of topics; the increased opportunities for discussion within sessions; the more spacious programme and opportunities to connect and network in person. It also identified areas for improvement, which included: clashing sessions of interest, a desire for more four nations or international content and the difficulty of making time for a three day event. Delegates also wanted to see more social events or other activities throughout the conference. This evaluation then informed design of the 2025 conference.

We welcomed sponsorship for the conference from The Health Foundation, who delivered a sponsored workshop, Elsevier and our exhibitors.

Health and Care workforce

We held a second webinar in partnership with the Shelford group (the organisation representing the largest NHS teaching hospital trusts in England) in May 2024, bringing together researchers and those leading locally on workforce decisions in practice. This webinar focused on a theme of “Reform”, looking at research on both skill mix and new roles in the NHS, with discussions around how lessons from this research could lead to changes in practice.

Inclusion in Careers project

This three-year project continued throughout 2024-2025. Work included undertaking a national survey to establish the demographics and lived experiences relating to inclusion, opportunities and progression among the health services and social care research (HSR) workforce. This work was underpinned by a literature review looking at evidence from research careers in other sectors and a series of interviews to further understand researchers’ lived experiences.

As an extension of this work, HSR UK also undertook a project to explore the feasibility of a new undergraduate social research apprenticeship within the health services and social care research sector. Activities related to this project during 2024-2025 included convening a round table of experts to discuss feasibility. Participants included academic partners, The Health Foundation, the organisation delivering the apprenticeship education programme and other organisations involved in the Trailblazer group which led on creating the apprenticeship.

PARTNERSHIPS

International collaboration

We rekindled connections with organisations with a similar role during 2024-2025. This culminated in a collaboration between HSR UK, the Canadian Association for Health Services and Policy Research (CAHSPR), and the Health Services Research Association of Australia and New Zealand (HSRAANZ) to enable discounted tickets to the conferences organised by each of the collaboration partners. This meant that HSR UK members could now attend international conferences with reduced registration fees, broadening their network, and gaining insights from experts worldwide. We continue to value these relationships and to exchange ideas about how we can collaborate further together, for example discussing how our organisations are responding to geopolitical situations.

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Trustees' Report for the year ended 31 March 2025

Health Services Research UK

Networks

The Heads of Centre network became further established throughout 2024-2025, with several virtual meetings. This informal group of heads of member health and social care research centres and other bodies offers an opportunity to formulate a UK sector-wide response to issues of relevance to HSR UK members. HSR UK led on a response to the consultation around the 10 Year Plan for the NHS in England, with collaboration from across Heads of Centre members.

We also explored further bolstering our support for Earlier Career Researchers (ECRs) during 20242025. We hosted a networking event specifically for ECRs at our annual conference. This had mixed feedback, with ECRs appreciating the opportunity to meet with each other but looking for more peer-to-peer connections rather than hearing from those further on in their careers. We established our Early Career Researcher advisory group who met in March 2025, in order to get more input on how we can best support this section of our membership.

MEMBERSHIP

There were 29 organisational members in 2024-25. Five members did not renew in 2024-2025, most citing reduced funding as a barrier to membership. We had just under 4000 individuals on our mailing list, with approximately 3,400 actively subscribed to our monthly email.

ACHIEVEMENTS AND PERFORMANCE

This has been a stable year for HSR UK as we continued to deliver our core activities and consolidated new initiatives such as the health and care workforce forum and heads of centre network. The conference was well received, despite some difficulties with the venue and catering. We have less resource in our administrative/executive team which has restricted our ability to expand our activities. The annual conference contributed to making the charity financially stable and ensured that HSR UK continued to engage with and support the health services and social care research community.

Financially the charity was able to remain stable, however we will need to carefully control our costs in 2025/2026 and explore opportunities to build further partnerships and diversity its income in the future.

FINANCIAL REVIEW

During the year, the Charity’s income totalled £313,098 (2024: £298,259) of which £230,098 (2024: £262,885) was unrestricted income. In addition to this, funds of £61,728 (2024: £88,191) were brought forward from the previous year. Resources expended totalled £284,271 (2024: £324,722) of which £61 , 675 (2024: £36,574) were from restricted grants and £ 222,596 (2024: £288,148) were from general funds and conference income.

Total funds carried forward to 2024/25 were £90,555 (2024: £61,728) of which £27,000 (2024: £5,675) were restricted and £63,555 (2024: £56,053) were unrestricted. Conference registrations and membership fees of £27,617 (2024: £19,719) invoiced during the year were deferred to next financial year.

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Health Services Research UK

Trustees' Report for the year ended 31 March 2025

HSR UK’s reserves policy is set out below. It is reviewed annually by the Trustees when they consider and approve the charity’s annual report and accounts before they are presented at the annual members’ meeting and then submitted to the Charity Commission. It takes account of guidance issued by the Charity Commission on setting and reviewing a charity’s reserves policy (CC19).

RESERVES POLICY

HSR UK’s reserves policy was reviewed and updated in 2025 with reference to the 2024-2025 financial period. The purpose of our reserves policy is to ensure that HSR UK can continue to operate sustainably in the face of unexpected circumstances (such as drop in income or increase in costs which was not foreseen) and to enable HSR UK to take advantage of new opportunities consistent with its objectives when they arise. To that end, we seek to maintain a sustainable level of reserve.

The Board of Trustees has agreed the reserves should be based on the following imperatives:

Combining these elements gives a target amount for reserves of £15,000. At the end of the financial year 2024/2025, the final balance of unrestricted funds was £63,555.

PLANS FOR FUTURE

In 2025-26, HSR UK will focus on delivering the careers inclusion project and other activities related to inclusion and career development. This will include reviewing our offer to earlier career researchers. We will finalise the Research Engaged boards project and build our advocacy work and our heads of centres network. We will also explore how to extend our reach and networks and to further support researchers to connect, for example through special interest groups. We will build on activities related to patient and public involvement and engagement. We plan to recruit new trustees and to expand the perspectives and experience on our board. We will focus on maintaining financial stability and other ways we can partner to support awareness of health services research, for example collaborating with research teams on dissemination.

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Health Services Research UK

Trustees' Report for the year ended 31 March 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees 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). In preparing these financial statements, the trustees are required to:

a) select suitable accounting policies and apply them consistently;

b) observe the methods and principles in the Charities SORP;

c) make judgements and accounting estimates that are reasonable and prudent;

d) state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

e) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation.

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

14 January 2026 This report was approved by the Trustees on ___ and signed on their behalf by:

Signed _____ (Trustee)

Name ______ Temidayo Ajakaiye

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Independent Examiner’s Report to the Trustees of Health Services Research UK

I report on the financial statements of the Trust for the year ended 31 March 2025 as set out on pages 9 to 17.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I a member of Association of Chartered Certified Accountant, which is one of the listed bodies

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Shruti Soni FCCA FCIE Date: 19/1/2026 Shruti Soni Ltd ● Chartered Certified Accountants 117A St. John's Hill, Sevenoaks TN13 3PE

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Health Services Research UK

Statement of financial activities

For the year ended 31 March 2025

----- Start of picture text -----
2025 2024
Unrestricted Restricted Total Unrestricted Restricted Total
Note £ £ £ £ £ £
Income from:
Donations and legacies 2 - 83,000 83,000 9,800 35,374 45,174
Charitable activities 3
Research and education 229,960 - 229,960 252,875 - 252,875
Investments 138 - 138 210 - 210
Total income 230,098 83,000 313,098 262,885 35,374 298,259
Expenditure on:
Charitable activities
Research & education 4 222,596 61,675 284,271 288,148 36,574 324,722
Total expenditure 222,596 61,675 284,271 288,148 36,574 324,722
Net income/(expenditure) for
7,502 21,325 28,827 (25,263) (1,200) (26,463)
the year
Net movement in funds 7,502 21,325 28,827 (25,263) (1,200) (26,463)
Reconciliation of funds:
Total funds brought forward 56,053 5,675 61,728 81,316 6,875 88,191
Total funds carried forward 14 63,555 27,000 90,555 56,053 5,675 61,728
----- End of picture text -----

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 14 to the financial statements.

9

Health Services Research UK

Balance sheet

As at 31 March 2025

Note
Fixed assets:
9
Current assets:
10
Liabilities:
11
14
Total unrestricted funds
Cash at bank and in hand
Tangible assets
Total charity funds
Debtors
Total net assets
Creditors: amounts falling due within one year
Net current assets
Restricted income funds
Unrestricted income funds:
General funds
The funds of the charity:		 £
103,040
62,255
165,295
75,444
63,555		 2025
£
704
89,851
90,555
27,000
63,555
90,555		 £
41,555
86,286
127,841
68,023
56,053		 2024
£
1,910
59,818
61,728
5,675
56,053
61,728

The financial statements were approved and authorised for issue by the Board on ____ 2026. 14 January Signed on behalf of the board of trustees

Signature

Temidayo Ajakaiye

Name Trustee

10

Health Services Research UK Notes to the financial statements

For the year ended 31 March 2025

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) (effective 1 January 2019) - (Charities SORP FRS 102 1A), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and UK GAAP.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP FRS 102 1A) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Trust meets the definition of a public benefit entity under FRS 102.

Key judgements that the Trust has made which have a significant effect on the accounts include estimating accrued income for gift aid claim.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income received in advance membership fees related to future years is deferred to the year to which they relate.

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

11

Health Services Research UK Notes to the financial statements

For the year ended 31 March 2025

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

g) Expenditure and irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction, support and administration of each activity, is apportioned to Research and Education in full.

i) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £250. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

3 years

12

Health Services Research UK Notes to the financial statements

For the year ended 31 March 2025

j) Debtors

Health Foundation
University of Birmingham		 Unrestricted
£
-
-
-		 Restricted
£
83,000
-
83,000		 2025
Total
£
83,000
-
83,000		 2024
Total
£
37,800
7,374
45,174
Unrestricted
£
Research and education
21,552
148,408
60,000
229,960
Total income from charitable activities
NIHR
Evaluation,
Trials
and
Studies
Coordinating
Centre (NETSCC)
Membership fees
Conference Income		 Restricted
£
-
-
-
-		 2025
Total
£
21,552
148,408
60,000
229,960		 2024
Total
£
20,071
172,804
60,000
252,875

13

Health Services Research UK Notes to the financial statements For the year ended 31 March 2025

4 Analysis of expenditure

Staff costs (Note 5)
Trustee recruitment and expenses
Conference costs
Website, promotion and newsletter
Legal and professional fees
Insurance
Independent examination
IT & software costs
Depreciation
General Admin and Bank Charges
Total expenditure on charitable activities 2025		 Charitable
activity
Research &
education
£
149,969
-
110,353
258
2,880
-
-
10,562
-
-
274,022		 Support
costs
£
-
1,857
-
-
-
1,779
1,740
1,072
1,206
2,595
10,249		 2025 Total
£
149,969
1,857
110,353
258
2,880
1,779
1,740
11,634
1,206
2,595
284,271

Of the total expenditure in 2025, £222,596 (2024: £288,148) was unrestricted and £61,675 (2024: £36,574) was restricted.

Staff costs (Note 5)
Recruitment
Trustee recruitment and expenses
Project costs
Conference costs
Website, promotion and newsletter
Legal and professional fees
Insurance
Independent examination
IT & software costs
Depreciation
General Admin and Bank Charges
Total expenditure on charitable activities 2025		 Charitable
activity
Research &
education
£
185,201
2,520
-
1,320
119,424
3,760
3,954
-
-
-
-
-
316,179		 Support
costs
£
-
-
220
-
-
-
-
2,088
1,704
561
1,582
2,388
8,543		 2024 Total
£
185,201
2,520
220
1,320
119,424
3,760
3,954
2,088
1,704
561
1,582
2,388
324,722

14

Health Services Research UK Notes to the financial statements For the year ended 31 March 2025

Staff costs were as follows:

Social security costs
Salaries and wages
Employer’s contribution to defined contribution pension schemes		 2025
£
117,925
13,508
18,536
149,969		 2024
£
151,598
15,842
17,761
185,201

No employee earned more than £60,000 during the year.

The average number of employees (head count based on number of staff employed) during the year was as follows:

Charitable activities 2025
No.
2.2
2.2		 2024
No.
3.4
3.4

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

Key management personnel are the Trustees of the charity and the Executive Director.

There are no related party transactions to disclose for 2025 (2024: none). The charity trustees were not paid or received any other benefits from employment with the charity in the year. No charity trustee received payment for professional or other services supplied to the charity (2024: £nil). Six charity trustees received reimbursement of travel and subsistence costs related to attendance at an away day for trustees of £1,128 (2024 £nil). Two charity trustees received reimbursement of travel and subsistence costs related to the annual conference of £730 (2024 £220).

8 Taxation

The Trust is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

15

Health Services Research UK Notes to the financial statements For the year ended 31 March 2025

10
11
12
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Creditors: amounts falling due within one year
Deferred income comprises membership fees invoiced or
Deferred income
Accruals
Deferred income
Trade debtors
Accrued income
Other debtors
At the end of the year
Debtors
Depreciation
At the end of the year
At the start of the year
Cost or valuation
At the end of the year
Net book value
Charge for the year
At the start of the year
Additions in year		 Computer
equipment
Total
2025
Total 2024
£
£
£
6,958
6,958
4,845
-
-
2,113
6,958
6,958
6,958
5,048
5,048
3,466
1,206
1,206
1,582
6,254
6,254
5,048
704
704
1,910
2025
2024
£
£
18,040
-
85,000
39,800
-
1,755
103,040
41,555
2025
2024
£
£
47,827
48,304
27,617
19,719
75,444
68,023
2025
2024
£
£
19,719
26,745
(19,719)
(16,643)
27,617
9,617
27,617
19,719
received during the year that relate to

16

Health Services Research UK Notes to the financial statements For the year ended 31 March 2025

13 Analysis of net assets between funds

Net current assets
Net assets at the end of the year
Tangible fixed assets		 Restricted
fund
£
£
704
-
62,851
27,000
63,555
27,000
General
unrestricted
2025		 Total
funds
£
704
89,851
90,555
Total restricted funds
General funds
Health Education England
University of Birmingham
Total restricted funds
General funds
Total funds
Health Foundation - Careers
Inclusion
Unrestricted funds:
Total unrestricted funds
Health Foundation - Strategy
Total unrestricted funds
Restricted funds:
Health Foundation - Careers
Inclusion
Restricted funds:
Health Foundation - Strategy
Total funds
Unrestricted funds:		 At 1 April
2024
£
5,675
-
5,675
56,053
56,053
61,728
At 1 April
2023
£
5,675
-
1,200
6,875
81,316
81,316
88,191		 Incoming
resources &
gains
£
-
83,000
83,000
230,098
230,098
313,098
Incoming
resources &
gains
£
-
28,000
-
7,374
35,374
262,885
262,885
298,259		 Outgoing
resources &
losses
£
(5,675)
(56,000)
(61,675)
(222,596)
(222,596)
(284,271)
Outgoing
resources &
losses
£
(28,000)
(1,200)
(7,374)
(36,574)
(288,148)
(288,148)
(324,722)		 Transfers
£
-
-
-
-
-
-
Transfers
£
-
-
-
-
-
-		 At 31
March
2025
£
-
27,000
27,000
63,555
63,555
90,555
At 31
March
2024
£
5,675
-
-
-
5,675
56,053
56,053
61,728

17

Health Services Research UK Notes to the financial statements For the year ended 31 March 2025

Purposes of restricted funds

The Health Foundation strategy grant was toward cost of plan project which will be spent.

Grants from Health Education England and University of York, Department of Health Sciences were towards cost of the HSRUK Workforce Conference, March 2023

The Health Foundation Careers Inclusion grant is towards 'Improving health and care research careers: access to opportunities, progression and inclusion' project

University of Birmingham Grant is to support provision of hybrid access to HSR UK conference 2023

18