0￿J￿g￿ Enveknpe K).. 9388E2C[￿t￿7￿f6C-s&oS8gAa[￿2l856 Company Registration No. 13589973 Clwity Registration No. 1197660 HCA HOPE FUND UK (A company limited by 8uarantee) Report and Financial Statements 31 December 2023 111 I￿951Nu￿ 2011112024 Co￿AN￿5 TrIOUSE #112 Doojsign En¥elcye ID.. 9388E2c￿Do764F￿&g&1￿￿Q[￿2l8 HCA Hope Fund UK Referenee and administrative infornigtion . Charity Name HCA Hope Fund UK Clwity Registration Number 1197660 Company Registration Number 13589973 Regislered Otrice 2 Cavendish Square London WIGOPU Our advisors Independent Ex3miDer Ernst & YouD8 LLP 2 Pdarischal Square. Aberdeen. ABIO IBL Banker Ba￿￿y$ Bank PLC Swiss Cottsge NW3 6JD Directors Trns¢ees S Cattham (appointed 27 August 2021" resigned 31 August 2024) N M Gillis (appointed 17 September 2024) L Newman (appointed 27 August 2021) JMReay (appointed 27 Augusi 2021" resigned 17 Sep*mber 2024) C N Sightes (appointed 17 September 2024) SESmith (appointed 27 Augusi 2021) S Vireswer (appointed 27 Aug￿1 2021) DO￿5￿4n En¥elJpt ID.. 9388E2ct>D07fAF6C-W8-89￿￿2l HCA Hope Fund UK REPORT OF THE TRUSTEES for the year ending 31 December 2023 The tnjstees present their report along with the fuwicial *aternents for the cbanty for the year ended 31 December 2023. Governing Docmnwnl HCA Hope Fund UK i5 a compaoy limited by guarantee and was incorpjrated ort 27 August 2021. It is govemed by its Memorandum and Articles of Association da*d 27 August 2021. The company was registered as a charity with the Ch￿lty Commission on 25 January 2022. En the event of th¢ company being wound up. members are required to . contribute an ami)iiot not exceeding £1. The trustees are from a variety of professional backgrounds relevant to the work of the charity. Wthen estsblishing the charity. considentiort was ￿¥¢A to the skills. input and experience needed to facilitste the achievemeni of its objectiV¢S, as well as ensuring that some of the tnLStees were inde￿nden1 (i.¢. not ernployees of a member). As set out in the Articles of Association. trnstres may ￿ apw)inted by ordinary resolution {of either the members or. with written consent of the mernber& the trusiees). (r by wriuen ncrtÈce si8ned by the members and addressed to the tn￿te¢s. Trwiee indtstdon trothlftt The trus￿5 are familiar with the objects of the charity. Furthennore. the trustee5 are encouraged io attend an external training progr4mme covering 4 broad range of legal and ¢ffiLmertial issu¢$ which will facilitaie the undertaking of their role. OrganlsiulonalsfrHcthre Once the charity Commences r¢eeiving grant applications. the trustees will meet regularly to review operntional attd strategic policy and processes of the charÈty as well as to facilitatr the achievemerti of the charity's objects. Rel4tedp4rties HCA IniernaÈional Limited is the founder and 501¢ metnt*r of the charity. Since tncorporation, HCA knternatiorval Limited provided fuwiciai and non-fwnciai support in order.to fxiiitate the achievement of the charity's objectives. R£sk The trustees have eonducted a review of the major risks ¢0 which the charity is exposed and are ￿1sfIed that any such risks have been identified and rnitigated where necw. Obieciives aud acthiiies The charity'5 objects and priDcipal activiues are the relief of [￿ancial harLY)7wec-W&89m￿02l HCA Hope Fund UK REPORT OF THE TRUSTEES (coKrtNUED) for the year ending 31 December 2023 The company was incorporated 27 Augusi 2¢Y21 registered &5 a charity in 2022, therefore the comparatives are the period starting 27 Augu4 2021 and ending 31 Decern￿r 2022 (the"PerioJ ertded 2022"). Principulf¥nding 504r¢es In December 2023, the Board of HCA Inter￿iOnal Limiwl approved a [K0￿Sed donation of £250.000 to be made by HCA tniernational Limited to HCA Hope Fund UK during 2024. An initial payment of £IOO,000 w&$ approved and paid in March 2024. and the remainder was approwed in August 2024 and paid in September 2024. Further filnding is from donations by employees of HCA In*m*ional Limired and fiJndrAiSirtg events. Policy on ruerves The reserves were origillally established by the Memorandurn of Articles and A5S(Kiation and are to be invested by the ￿$t¢¢5 in furtherdnce of the objects of the charity. The trustees have examined the th2rity'S requÉrernents for reserves. Grants will be restricted to a level whereby sufficient reserves are retained to ensure the ongoing viability of the charity. This approach rs subject to a]￿Ual review. lTrveslwntpollq As any irtcome from donations received is io be applied as per the charity's Objec￿ there are limited bjnds for long temi investment. Having considered the options available, th¢ In]*ees have decided to invest the reserves in interest-beaTing derAisiI account which yiel(Ls a higher rdte of interest while still allowing day to day access to the funds. Plansforfufyreperiods In the coming year the Charity will coniinue to raise and donate fimds in pursuit of LLS objectives. The trustees will lo(* w pass an elective resolution dispensitig with the need to reaptxjini iAdependeni examiners artnually. By order of the board of trus*es C N Sightes Tru5*e I l NoVeM￿r 2024 Company Registralion No. 13589973 Doc￿5￿Jn EnVe￿pe ID.. 9388E2C￿CQ7￿F￿W&og￿￿1&56 HCA Hope Fund UK TRUSTEES RESPONsIBILIT￿s fN RELATION TO THE FINANCIAL STATEMENTS The charity bijstees are resFrfJllsible for weparing a Rew>rt of the Tn]5tees and Financial Stst¢ment5 iti accordance with Unit¢d Kingdom applicable law and regulaiioL%. Company law requi￿ the clwity trustees to prepare fmancial ststements for each ￿riOd which give a true and faix view of the state of affairs of the clwirable comparty and of the incoming resources and application of resources. including the income and expenditure of the clwithle compwny fix that perio The tharity ￿￿$(c¢$have elected to prepare fmancial sutements forthetharitablecompany inaccorthce with United Kingdom Accounting Stand￿% (Uni*d Kingd¢)m Generally Accepted Ac¢owiting Prnctice) in¢luding Financial Reporting Standard 102 'The Financial Reporting Stsndard akwlicable irt the UK and Republic of Ireland, {"FRS 102"). Under company law the ch￿lty trustees must not approve the F￿an(la] ststements unless they ar¢ satisfied that they give a true #nd fair view of the state of affairs of the charitable company and of the income or expendiDJre of the cbaritable company for tha¢ period. In preparing those flnancial statrments. the trustres are required to.. select suitsble accountill8 wlicies in accordance with Section 10 of FRS 102 and then apply them Consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are re8stsnable artd wdett present information. including accounting policie& in that provides relevanL reliable, Comparable and understandable infomation. provide additional disclosur¢s when ￿p11￿￿e with th¢ y¢ifit requirements in FRS 102 1$ imsuffieient to enable users to understand the impaa of particular transactions, other events and conditions on the company f￿anciaL position and fuwicial perforniaDCe" slate whether applicable UK accounting standards have been followed subject to any material departs￿¢$ disclosed and explained in th¢ fjnancial sthiem¢nts- prepare the fmanciat statements on the going ¢oncern ba8i$ unkn it is (napprowiat¢ to presume that the charity will continue iti business. The tn￿te¢S are responSLble for keeping adequate accounting records which di5c105e with re&sonable accurncy * any litne the fuwlcial posilion of the company and io enable them to ensure that the flnancial statements comply with the Cottlpauies Act 2006. They also responsible for safeguarding th¢ ¥￿ts of the company and hence for taking reasonable steps for the prevention and de￿al￿ of fraud and other irregularilies. Under applicable law and regulatiotts. the charity trustees are also responsible for preparing a Report of the Trustees that comply with that law and those regulations. The trustees are reswnshble for the maintetwice and integrity of the corporare and fuwi¢iai infomlliion included ijn thecharitable company's website. Legislation in the United Kingdom goveming th¢ prepar￿lon and dissemiD*ion of fthancial sta*ments may differfrom lewslation in otherjurisdk¢tson$. Docu51gn Efiveknpe10.' 9388E2c[K￿7&4FGC-96A8￿9￿￿DZlB5o tNDEPENDENT EXAMtNER'S REPORT to the trustees of HCA Hope Fund UK Independent examiner's report to the trnslees of HCA Hope Fmlld UK I report on the accounts of the Tri￿1 for the year ended 31 December 2023, whiGh are set on pag&s 6 to I l. Respoosibilities and basis of report As the charity's trustees of the cornpany (and a]so its direciors for the purposes of company law) you are responsible for the preparnion of the aCt￿Lnu% in accordartce with the requirements of the Companies Act 2006 ('th¢ 2006 Ad,). Having satisfied myself that the accounts of the CoTnpany are not required to be audited aDd are eligible for independentexamination. I report in re5pectof tny examinaÈion ofyourchan"ty's accounts as carried out undersection 145 of the Charities Ad 2011 ('the 2011 Act.). tn carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Aa which are available in the Chartty commission . guidance for independent examinauon of charity accounts.. Directions and guhdartce for examiners. Independenl txathiner's statrmemt I have completed my examinati¢￿. l ￿)rImI that no matter5 have come to.my attenti1￿ in ¢L)nneetion with the examination giving me cause ￿ believe: the *(owitirtg rectrd8 were kept in accordance with secuoa 386 of the Comp8nies Act 2006. the accounts did not accord with the accounting reu)rds' or the accounts did not comply with the accountin8 requirements under section 396 of the Companie5 Ad 2006 other than any requiremertt that the accounts give'lrue and fair. view which i% not & matter considered as part of an independent examination. or the accounts have not been prepare41 in accordance with the meth¢yJs and principles of the Suternent of Recolnmended Pracuce for xcounting a￿d reE￿ing by ¢harities applhcable to charities preparing their accounts in ac￿rdanCe with the Financial Rewrting Standard applicable in the UK and Republic of Ireignd (FRS 102). I'have no con¢¢Tns have cotne across no other rnatte￿ in connection with the examinalion to which atteniiort should b¢ drnwn in this rewrt iti order to enable a proper understaDding of the accounts ts) be r￿h£& Use of our report This report is made solely to the tru5tee4 as a i*)dy. in accordance with our engagemeni letter dated 16 May 2023. The examin8tion h&$ been undertakert so thatwe mighi state to the r￿￿1¢¢$ those ￿atterS that are required to be stated in an examinerfs report and for no other purpose. To the fullest exteDt ￿nn1rted by law, we do not accept or assume responsibilhry to anyone Imherthan the charity #nd the tr￿SteeS L8 a l)c4Ay. for this examinau0￿ for this repor( or for the ststements made. &￿￿¥￿Illp gyec57AI5391*.. Tom Sander5 For and on behalf of Emst & Young LLP As5￿]au0n of Chartered Certified Accountaftts Aberdeen 13 November 2024 0￿U¥l9n Enve￿[*10.. 9388E2C[k￿7s4FfjC-9￿O-Bg￿￿D2l8s6 HCA Hope Fund UK STATEMENT OF FfNANCIAL ACTIVITIES (including income and expenditure account) for the year ended 31 December 2023 Period ¢nded2022 Tololfyp Unr¢slri¢ted Restri¢i¢d Fmnds Fund* 2023 roiolfvnds Notes COME Lknations and legacies 250,1)(KI 250.IKK) 5,000 TOTAL INCOME 250.¢X 250.￿0 5,000 Expenditure on managing artd athnitii￿erInB the ¢tr￿lty 81 81 51 TOTAL EXPENDITURE.. 81 81 51 NET IF4COME AND NET MOVEMENT IN FUNDS FOR THE PEIUOD 249.919 249,919 4.949 RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD TOTAL FUPIDS CARAIED FORWARD 249.919 249919 4.949 The statement of ffftancial activities includes all gains and losses in the period. All incoming resources and resource expenditure derive from ¢ODtiauing activiiies. The notes on pages 9 to I I fcm part of these fJnan¢iai ststernen Docjjsign Envthpe 10.. 9388E2c(￿o7G4F6C.w£-89A￿l HCA Hope Fund UK STATEMENT OF FtNANCIAL POSITION at 3 l December 2023 2023 2022 CURRENT ASSETS Deb¢or5 Cash at bank and in hand TOTAL CURRENT ASSETS 250,(#)O 4.868 254.868 4.949 4,949 UABILITIES Creditors falling du¢ within (￿e year NET CURREIYT ASSETS 254.868 4.949 NET A&SETS 254.868 4,949 General fiLnd5 TOTAL CHARITY FUNDS 254.868 254.868 4.949 4,949 The notes ca pages 9 to I I form part of these fmancial statements. For the year ended 31 December 2023. the charity was entitled to exemptiort from audit under section 477(1) of the Companies Act 2006. No members have required th¢ chariry to obtain an audit of its fLnan¢ial statements for the period in question in accfxdance with 476(1) to {3). The tnjstees acknowkdge their responsibility f(￿. i) Ensuring the charity keeps accounting recoTds which comply with section 386" and ii) Preparing accounts which give a tr￿e and fair view of the slate of affairs of the charity as at the end of the accounting period and its income and expenditure forthe fuMncial kKriod in accordance with se¢tion 396, and which oth¢rwis¢ cornpty with the requirements of the Companies Act relating ¢0 acc¢)wits so far &5 applicable to the charity. C N Sighte5 Tn￿tte I l Nov¢mber 2024 CompaDy R¢8i$tration No. 1358W13 Doc￿S￿n Envdope ID.. 938BE2CL>Dj764F6C-WA9N￿￿D2l HCA Hope Fund UK STATEMENT OF CASH FLOWS for the year ended 31 December 2023 Period tr￿ed2022 2023 Nrtes NET CASH (OUTFLOW￿NFLow FROM OPERATII¥G {81) 4,949 (DECREASE)IINCREASE IN CASH AND CASH EQUtVALENTS (81) 4.949 MOVEMENT IN CASH AND CASH EQUIVALENTS {81) 4.949 CASH AI¥D CASH EQUtVALEKfs AT I JANUARY 127 AUGUST 4,949 ' CASH AND CASH EQUIVALENTS AT 31 DECEMBER 4,868 4.949 The notrs on pages 9 to I I f(*in part of these f￿￿KIal s¢athents. D¢¢u$gn Envelope 10. 938eE2ClXiJ7fAF6C-W&8g￿l856 HCA Hope Fund UK NOTES TO THE FINANCIAL STATEMEFrrs at 31 December 2023 ACCOU14TING POLICIES HCA Hope Fund UX is a company (and regis*red charity) litnitrd by guarantee Enco￿*￿ated in England. Si•tsmenl ofcorylidnce The f]nanciai suetnents have been prepared iti aCcorda￿ee with Accounting and Re]x>rting by Charities." Statement of Recotnmended Practice applicable to chariiies preparing theirxcc*Jnts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland ￿Rs 102) {effective l January 2015)- (Chariti¢s SORP IFRS 102)), the Financial Re[￿)rting Ststhdard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2(KJ6. HCA Hope Fund UK meets th¢ defjnition of a publi¢ beDefit entity under FRS 102. Assets artd liabilities are initially re¢ognis¢d at historical cost or transactiort walue unless otherwi8e ststed in the relevant accouniing policy no￿S). Jasis ofpreparolion Th¢ [￿a￿ti#l statemenL% of HCA HO￿ Fund UK for the year ended 31 December 2023 were athorised for issue by the Board of TriLStees on I l November 2024. The fjrtancial statements 8re wepared ￿ sterling which is the fijnctional currency of the company. The charity I￿$ taken advants8e of the following disclogjre exemptions under FRS 102: (a) the requirements of secuoo 4 st￿eMen/ ofFinanciTalPosilion paragraph 4.12 {aXiv) (b) the requwements of Sertion I l Basic Financtal InstrtsmenLs parJgryph5 11.39 to I1.48A and Sectiort 12 Other Financiol IpLTlrnmeni paragraphs 12.26 to 12.29A Bo3i5 ofmeusmrem￿t The fmancia] statemettts have been wepared on the historical cosr basis. No rnaterial uncertainties that cast significant doubt atTht the ability of the charity to continue as a going concem have been identified by the trustees. On th¢ b&5is of their ass¢ssrn¢nt of the charity's f￿anc￿l p05ilion and tha¢ grants are only made to the extent that funding is available to do so. the trwtres have a re&wrtable expectation the ¢harity will able io conlinue in operational exis*nce for a peri(#J of12 months from the date of signing. Therefore, they contirtue io adopi the going concern basis of accounring in preparing the arLnual fuwlciai staiements. Slgnificafti aeco4ntirt8policies Jneome Income is reco8nised when the clwity has entitlementto the any perforniance ¢onditionsattach¢d tothe iiem(s) of income have been mel it is probable that the in¢orne will be receive(L and the amount can be rne&5ured reliably. No incoming resour¢es hav¢ b¢en d¢feff¢d and all incorning rtSlMLrce5 are 5tsted gr0&5 of expenditure. Donations legacies Charitable contributioos are reco8nised on a receivable basis and are not deferred io future periods. Incomefrom invextments Investrnent income comprises interest receivable and is recognised when receivable and the amount can be measured reliably by the chanry. this is rtornialty upon notifKation of the interest paid or payable by the bank. Oocu5ign Envekpe 10." 938eE?CW7fAF6C-95AH&￿210S6 HCA Hope Fund UK NOTES TO THE FfNANCIAL STATEMENrs (coKrtNUED) at 31 December 2023 ACCOUWTING POLICIES {CONTINUED) £yendll¥re and irr￿0Ver￿bIe VA T ExpendiDJre is recogni5ed once there is a legal or con5mictive obligat20n to make a payment to a third party, it is probable that settlement will be require￿ and the amount of the obligation can be measured reliably. Expettd[ti￿ is ¢I￿sificd under the following headings.. Donations payable iti fiJrtherdDce of the charity's objectives Resources expended on rnanaging and adm￿lS¢¢ri￿g the charity Donations are accountrd for in the period in which they are authori5ed by the ttus*es. Management aDd administration costs include those costs a$s￿l￿ted with meeting the constitutional and st¥¢utory requÉtements of the charity. The t￿￿¢¢$ do not consider the clwity to have support c(￿ts. F4Nd t7ccounÉing Unrestrided funds are available th ￿nd on athivities that further any of the purp)ses of the charity. General fi￿dS are unrestricted fithds of the charity which the tsw*e5 have decided at their discretion to set aside for a specifi¢ purpose. Restricted fimds are donations which the d<)nor ha$ specified are 501¢ly us¢d for parthGuLar areas of the charity'5 work or for S￿eLf1¢ projects being undertakert by the charity. The charity does not currently hold any restric*d fijnds. C￿h di boN* dndin Cash ai bank and in hand comprise cash and short tenn highly liquid investments with a Short matyrity of thr¢¢ months or less from the date of acquisiu¢)n or the opening of the deposit or sitnilar account Financial instruments The charity only has fthancial assets and financial liabiliiies of a kind qualify as basic fthancial instsijments. Basic fthancial instnmients are initia]ly recognised a¢transaction value athd subseqventiy mea5wed at their 5ettlernent value. DONATIONS Al￿ LEGACIES Periodended 2022. 2023 Donations received 250,&)0 250,000 5.000 5.000 EXPENDITURE ON MANAGING AND ADMINISTERING THE CHARITY Period ended 2022 2023 Bank charges 81 81 10 DorJJ5ign En¥￿ape ID.. 93e8E2CCk007fAF6C.sW-89A￿2l858 HCA Hope Fund UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) at 31 December 2023 ANALYSIS OF CHARITABLE FUNDS Analysis of movements ID unrestricted fim¢ls 3] December 2023 2023 E¥pen&ture General fiu 4.949 4.949 (81) (81) 4,868 4,868 At the balance sheei d￿. the fwids of HCA Hope Fwid UK were all W￿¢StrIcted filllts which wer¢ available for use at the discretion of the trustees IA furtherance of the general objectives of the clwity and which have not been designated for other purFY)ses. CORPORATION TAX Th¢ ¢tJarity is exempt from tsx on income and gains falliDg within section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Galns Act 1992 ts) the extrAt that these are applied w its chaJitsble objects. RELATED PARTY TRANSACTIONS AND TRUSTEE REfvIUNERATIO HCA Hope Fund UK benefits from the ￿se of a number of facilitie5 and hunwi resourcts provided by HCA International Limited for which £nil consideration is pai The charity tTUStee5 were not paid or reimbursed expenses duting the year atml no other ¢h#rity trustee received any ¢rnolurnent or payment for wofessiona] or (rfher services. RECONCILIATION OF NET MOVEMENT IN NET FUNDS TO NET CASHFLOW FROM OPEIL4TING Period ended 2022 2023 Net income and net movement in fut 249.919 4,949 Adjustments to recontlle Det income and net movement in fijnds to nei cashflow from operating activities.. Oncrease) I decre￿ in debto Nei Cash (outtlow) l inflow used in OF￿&￿￿% activities (250,000) EVENTS A￿ER THE END OF THE REPORTING PEIUOD In D￿¢￿i￿r 2023, the Board of HCA International Limityl approved a prowsed donation of £250.OCMJ to be rnade by HCA International Limited io HCA HoF¢ Fund UK which was recorded in 2023 and dve to be paid in 2024. An initial payment of £ I￿,000 was approved and paid in March 2024, and the remainder approved in August 2024 and paid iti SeF4ember 2024.