Reglstered Company Number: 1141676 (England & Wales)
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)

FAIRFIELD INDEPENDENT HOSPITAL
{A COMPANY LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Trustees and Strategic Report
Report of the Independent Auditors
12-15
Statement of Financlal Activities
16
Balance Sheet
17-18
Cash Flow Statement
19
Notes to the Cash Flow Statement
20
Notes to the Financial Statements
21-30

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees, who are also directors of the Company for the purposes of the Companies Act 2006, present
their Annual Report together with the Financial Statements for the year ended 31st December 2024. Fairfield
Independent Hospital {the Company) is a charitable Company limited by guarantee established under a
Memorandum of Association and governed by its Articles of Association. The Company operates Fairfield
Independent Hospital in order to meet its objectives. The Trustees ,confirm that the Annual Report and
Financial Statements of the Company comply with the current statutory requirements, the requirements of the
Company's governing document and the provisions of the Charities SO
P (FRS102)
REFERENCE AND ADMINISTRATIVE DETAILS
Reglsterad Company number
1141676 (England and Wales)
Reg18tered Charlty number
502791
Regl8tered and prlnclpal offlc•
Fairfield Independent Hospital
Crank
St Helens
Merseyside
WA117RS
Tru8tee8
Mr C Barratt
Ms C Dodwell
Mr C Bridge
Mr RG Hammond
Drcslnce
Mr L Marlow
Ms S Watson
Mr A Appleton
Mr MRPA Manning
Chair of Trustees
Deputy Chair and Chair of the Capital Developments Committee
Chair of the Integrated Governance Committee
Chair of the Workforce and Remuneration Committee
Deceased
Chair of the Flnance and Audit Committee
Key Management Per80nnel:
Ms C Nolan
Chief Executive Officer
Ms J Gallagher
Director of Clinical Services and Quality
Mr S Smith
Director of Hospltal Services
Mr I Campbell
Director of Finance, IT and Performance
Medlcal Advlsory
Chairman Mr R Gudena
Page 1

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS continued
Company Secretary Ms C Nolan
Ms Nolan is also the Hospital's Registered Manager which is one element of the Hospital's Registration with
the Care Quality Commission.
Audltor8
Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ
Sollcltor8
Tickle Hall Cross
Carlton Chambers
25 Hardshaw Street
St Helens
WA10 1RP
Bankers
National Westminster Bank plc
5 Ormskirk Street
St Helens
Merseyside
WA101DR
Page 2

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBEB 2024
ObJectlve8 and Alms
The charitable company's objectives are to promote, manage and maintsin a hospitsl to relieve sickness,
injury, poor health and old age amongst the sick, convalescent, disabled, and infirm and to promote and
preserve good physical and mental health.
Our principle activities are to provide a broad range of clinical and health services to the publlc. We provide
consulting rooms, imaging and scanning functions, treatment rooms, | operating facilities and the ancillary
facilities necessary to fulfil this role.
Our Framework for the Future is made up of:
Our M1881on: To improve the health and qu81ity of life through the provision of a high quality and affordable
service to the people of Merseyside and the North West of England.
Our Vl8lon: To offer a workforce committed to providing a service of excellent patient care within a safe and
appropriate environment.
Our Valu88 underpin everythlng we do and describe the way we expect our staff to behave towards our
patients, thelr families 8nd carers, colleagues and stsff. Our Hospital has identlfied five core values. These
are..
Working together for patlents - Patients come first in everything we do at Fairfield. Everyone at
Fairfield should act and collaborate in the interests of patients, putting patient interest before
organisational interest and uniting in the patients, best interests. Working with each other, patients
and carers and involving local communities, we can ensure we are providing services that meet local
needs.
Resp8Ct8nddlgnlty- Every Indlvldual who comes Into contact with Fairfield will be treated with respect
and dignity. We will value and respect different needs, cultures, aspirations and priorities. We will
foster a splrit of candour - admitting our mistakes when they happen and work within a culture of
humility, openness and honesty where staff communicate clearly and openly with patients, relatives
and carers.
Commitment to quality C8re - We wlll aspire to the highest possible standards of excellence and
professionalism in the provision of high quality, safe care. Quality will not be compromised in the
pursuit of safe and compassionate care. It will be a collective endeavour at every level of the system.
We will continue to actively pursue and welcome feedback from patients and staff to identify and drive
forward areas of improvement, showing patients that we care about them as individuals.
Compassion
Patients, their carers and relatives will be treated at all times with sensitivity and
kindness. Our services extend beyond providing clinical care and include alleviating pain and distress
and making people feel valued and recognising that their concerns are important. We will also show
compasslon and care to each other.
Improving lives- This is our core function. We will continue to seek to help improve the health and
wellbeing of our patients, our staff and our local communities, ensuring that we help people and their
communities take responsibility for living healthier lives.
Governlng Document
Fairfield Independent Hospital (the Company) is a charitable company limited by guarantee established under
a Memorandum of Association and governed by its Articles of Association. The charitable company has no
share capital being a company limited by guarantee. The guarantee of each member is limited to £1.
Page 3

FAIRFIELD INDEPENDENT HOSPITAL
IA COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
The Trustees may appoint replacement or additional directors at any time. However, the Members at the next
Annual General Meeting must formally elect these directors. The Trustees who served during the year are
set out on the Company Information page at the start of the Annual Report.
The Trustees meet every three months or more often in periods of challenge and change - during2024the
Board met more regularly. The Director Appointments Committee assists the Board in assessing its skills and
identifying new Trustees. New Trustees spend time with the hospital management having the aims and
objectives and the policles and procedures of the charitable company explained to them and are issued with
an induction pack. A Medical Advisory Committee {MAC) and an Adverse Events Committee also form part
of the governance framework. In total there are five Board committees and these are the Directors who serve
on them;
A~ Attended
X= Non-attendancelapologles
Director
Appointments
Integrated
Governance
Fin8nce
and Audit
Capital
Workforce
and
Remuneratlon
Medical
Advisory
Committees
Mr C Barratt
Mr C Brid
Msc
Dodwell
MrRG
Hammond
Drcslnce
Mr L Marlow
MSS
Watson
MrA
A leton
Mrm
Mannin
Chair A 2020
Chair A
Chair A
2022
A 2020
Chair A
A 2020
Chair A
A 2022
Board members may also meet outside the formal meetings to review and advise on partlcular areas of
interest or opportunity.
Organl8atlonal Structure
The Chief Executive has responsibility for the leadership and implementing the Board's strategic plans for the
organisation. The Chief Executive ensures that the organisation is financially stsble and that it meets its aims
and objectives. The Chief Executive will ensure that the staff team is recruited and supported to provide the
skills, expertise and competencies required in order to run and develop a successful organisation.
The governance of the charitable company is the responsibility of the Board with support from the Medical
Advisory Committee and the Executive. The Board provides independent oversight and stewardship for the
range of services delivered. The Board monitors the discharge of its responsibilities via its regular meetings
and the other Board sub committees that make up the framework for integrated governance. The framework
of integrated governan￿ spans all our services and means that we put our patients at the heart of everything
we do. The Board are all volunteers and have experience of this or other hospitals as professionals or users
of services.
Procedures for identifying and assessing risks are in PTra￿ and are reviewed at Board Meetings. The
assessment of these reviews ensures that the charitable company has the ability to deliver its objectives and
identifies where controls could be strengthened.
Page 4

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBEB 2024
Our core business is health and optimising outcomes for patients and we have created an integrated
governance framework for delivering excellence and the best possible clinical results. We work in partnership
with our consultants to ensure optimum care for our patients.
The Workforce and Remuneration Committee reviews the pay, reward and organisation structure for all the
Hospital staff. The arrangements for setting pay and remuneration of key management personnel is similar to
that applied to the whole staff team and the Committee uses benchmarks provided by the salary levels set in
the National Health SeNice. The Workforce and Remuneration Committee makes recommendations to the
Board on the setting of salaries for the whole stsff team including the key management personnel.
The Trustees are responsible for preparing the annual report and financial stalements. Company law requires
Trustees to prepare financial statements for each financlal yearwhich give a true and fair view ofthe charitable
company's affairs. Trustees, responsibilities extend to ensuring that the assets of the organisation are
safeguarded and that all reasonable steps have been taken to protect the organisation against fraud or other
irregularities.
Publlc Beneflt
The Trustees have consldered the extent to which thelr activities and plans meet the objectives of the
charitable company, contribute to the public benefit and the Charity Commission's published guidance on
public benefit. As part of the processes of review, the Trustees have considered in detail the services currently
provided and their accessibility and affordability to all members of the public. The Trustees are satisfied that
the activities of the charitable company are consistent with the public benefit criteria. As a result of their review
they identified the following as key areas by which the charitable company meets its objectives and serves the
public benefit.
Patients who are members of frlendly socletles and other mutual socleties are able to access servlces at
Fairfield Independent Hospital by maklng modest weekly or monthly contributions, which are not related to
their medical needs or their financlal means. Similarly patients funded by the NHS also beneflt from the same
levels of care and treatment but do not pay directly for the treatment they receive. In addition, the Company
participates in local heallh initiatives, the training of health workers and the planning of new health services.
The Hospital has continued to have a dlrect contract with the NHS fèr the provision of medical, surglcal.
diagnostic and therapeutic services.
R18k Management
The Company has a strong culture of risk awareness. All actlvitles, bdth new and continulng, are regularly
subjected to a risk assessment which includes issues of clinical matters, health and safety, financial impact,
operational effectiveness, continuity and reputation threats. There are clear policies and guidelines in place
as part of the Company's risk management framework, We participate in our own local clinical audits and also
participate in national reviews and there is a clear incident reporting mechanism and analysls of adverse
events. Risk management training has been rolled out to all members of staff and forms part of the induction
process. The Trustees acknowledge that they have a duty to identify and review the risks to which the
Company is exposed and to ensure appropriate controls are in place to p',rovide reasonable assurance against
fraud and error.
IT risk management is a key area ft)r the organisation and in 2024 we continued to improve our IT environment,
security systems and quality systems. We retained our ISO 27001 standard and invested in new equipment
to ensure our systems are efficient, effective, secure and supported. We use a variety of consultants and
companies to ensure oursystems are monitored, external back-ups are taken and risks are managed efficiently
and effectively.
The Hospital has a pandemic flu policy that has been adapted for the Covid19 pandemic and beyond. It
provides guidance for the Hospital's staff to manage the organisation dufing the challenging times it has faced
over 2024. The policy has been updated and improved as the Hospital has operated throughout the year.
Page 5

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENTS AND PERFORMANCE
Introduction
This report has been prepared as the organisation emerged from the Covid19 pandemic which has provided
the biggest challenge to the Charity in its history. l•lhile it is right to reflect on the achievements of 2024, the
Trustees have to recognise that the reader of the report will be looking at those items that have affected the
performance of delivering the charitsble services.
Our financial situation continues to be stable. Our longer-term operating model and financial performance
requires investment in sofvare that will help lower costs and provide improved planning, control and decision
making opportunities. The Trustees have signed an asset purchase agreement to sell the trade and the assets
of the charity. On completion of the sale the charity will continue as a grant giving body. The sale was
completed at the end of March 2025. Our financlal statements for 2024 were prepared on the going concern
basis.
Many services have moved to an online delivery model and many of our patient consultations, where cllnlcally
appropriate, are being held virtually.
In order to support the local NHS and provide services for patients the Hospitsl is now an accredited provlder
with NHS England to provide treatment and care for patients who have been waiting for some time for their
treatment. The numbers of people waiting for treatment will be a key driver In the work-flow for the Hospital.
Our Trustees and Directors feel very strongly that as a local charity it is our duty to support the NHS as best
we can.
The formal and informal links that the Hospital has developed with the NHS Trust In 2024 wlll improve Its role
and importance. In addition, the internal developments at the Hospital, in response to the long waiting lists
within the NHS, will help deliver new seniices for the NHS such as new specialty surgery in the years ahead.
ov
rn
Vhllst the role of the Board encompasses overseelng the implementation of all the organisation's plans, it also
has a major role in ensuring effective stewardship and ensuring high standards of corporate governance and
personal behaviour. It is important that the Hospital has a highly effective and efficient Board that has the skills,
competence and business acumen to drive the strategic agenda.
As a registered charity and a company Ilmited by guarantee without share capital we have to balance the
requirements of running a not-for-profit business with the need to achieve our charitsble alms and objectives..
to demonstrate public benefit,. adhere to th8 values of our charity; adopt best practices and act with integrity at
all times.
Our governance provides a framework for continuously improving the quality of our services and safeguarding
our high standards of care. We develop and review our policies and procedures to enhance our governance
environment and support our ISO 9001 accredited quality systems. Following the pandemic many of our ISO
procedures have been re-written to further enhance our infection control precautions to the pandemic and the
different ways of working, protecting patients and staff, many of our ISO procedures have been re-written to
tske account of Covid19 precautions.
The rlsk register continues to be populated and reported to the Board, identifying the most pressing risks and
the actions that have been put in place to mitigate those risks. The hospital Board ensures there is formal
structure around our risk management framework, KPI reporting dashboard, providing support for staff on all
aspects of governance including the CQC inspection regime and the improvement of clinical systems.
The Board has reviewed the Charity Govemance Code and considered the Charity's Complian￿ to the Code.
The Board has put in place systems and procedures to ensure it complies with the Care Quality Commission's
corporate governance framework and that it is also meeting the seven principles which make up this Code.
The Charity has also implemented procedures and policies which mean that it conforms to the fit and proper
persons regulations for directors or equivalents.
Page 6

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBEII 2024
The Integrated Governance Committee meets quarterly. The Committee looks at all aspects of governan
across the or9anisation, promoting good risk management and ensuring effective governance, both clinical
and non-clinical, across all seNices. The Committee provides assurance to the Board and other stakeholders
that processes are in order and that the Hospital is compliant with its statutory requirements and able to ensure
sound internal control arrangements.
Leadershi
nd Trainin
The Executive Team, headed by the Chief Executive, continue to access continuing professional development
and other opportunities relevant to their roles including membership of other charitable boards Wherever
possible, staff have been accessing on-line training and development to ensure that their skills and
competencies have been kept up to date. Investment in training will ,continue. Training forms part of the
individual departments, suite of key performance indicators and is monitored to ensure compliance. Wherever
possible we will utilise e-learning for staff and secure opportunities to visit other organlsations and do some
Internal programmes such as 'walk in my shoes,. Training and education continues to be actively monitored
to ensure that it is up to date, current and relevant.
nd safe
In 2024 we maintained our externally validated quality assurance standards. We were re-accredited for
IS027001 and during 2024 we maintained our IS09001 standard. In common with many other UK
organisations and charities, the current regLJlatory and legislative landscape in which we operate continues to
be subject to increasin9 change, Failure to recognise, adapt to and comply with the above may cause
additional costs, penalties or other sanctions and damage to our Hospitsls reputation.
Our Quality Assurance Framework supports the plannlng, delivery, monltoring and continuous improvement
of all the care and support we provide. As a charity, we always put quality, safety and patient care above
financial performance and everything we do is evaluated against the following factors..
Safety- our aim Is to meet the highest possible standards and avoid harm. We expect all of staff to uphold
professional standards and act with care compassion and integrity at all times.
Effectiveness- providing evidence based health and wellbelng expertise and Services that lead to excellent
outcomes.
Experience- We want all of our patients to have a positive experience and our aim is to make that care as
personalised as possible.
We continually audit and benchmark our services and we are continually reviewing how we provide our
services. We participate in the NHS Friends and Family Test and we also participate in the Private Health
Information Network Friends and Family Test. Our scores on all these tests are high but we know that we can
only maintain these scores by continual improvement, attention to detail,and investment in staff development,
medical equipment, and the fabric of the Hospital.
All our intemal patient questionnaire responses are reviewed by the Chief Executive on a dally basis whlch
means our results are assessed quickly and any actions that are needed can be taken promptly. We are
delighted that patients rate our services highly.
As well as ourown internal questionnaire we do ad hoc audits where members of the team speak with patients,
using our services, ask questions about how their experience has been, if we are getting it right ancl if there
could be any improvements.
We obtain the views of our consultants and discuss areas of good practice and concerns via the Medical
Advisory Group (MAC). The MAC has a direct line of accountability to the Board and the Chairman of the
Board of Directors meets regularly with the MAC Chair. The MAC Chqir is also in attendance at the Board.
The MAC provides advice and guidance on how we take specific areas of the business forward and they also
advise on development opportunities for the Hospital and implementing new initiatives based on best practice.
We are extremely proud of our low infection rates. The fact that we are maintaining such good low rates is
testament to how seriously all our staff take the issue of ensuring that our Hospital is free from infection.
Page 7

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Refurbishments and New E
The Hospital has continued to invest in all areas of the Hospital, which includes medical and non-medical
equipment, patient facilities and information technology. Our capital programme has been reactive during
2024.
ment Pro
rarnme 2024
NHS Work
Fairfield have registered to provide extra elective capacity in order to help reduce the NHS elective backlog.
The hard working staff at Fairfield maintained the infection rate below 10/0. Staff worked collaboratively
across all departments to provide support to colleagues in house to ensure we continued to provide a first
class service to patients.
Falrfield has a contract with local ICBS for direct referrals from GPS for their patlents, treatment
FINANCIAL REVIEW AND STRATEGIC REPORT
The charitable company made a loss of £723,356 (2023 a loss of £42,674). The Hospital's income increased
to £16,559,529 (2023.. £15,757,696) and its Costs increased to £17,282,884 (2023.. £15,800,370).
Ke
Pollcle8
Re8erv88 poIIcy
The movement in reserves in the year Is set out in Note 20 to the accounts. Total reserves at 31 December
2024 were £5,752,714 (2023 £6,476,070). Note 21 analyses how the Trustees have allocated past reserves
to acquire and develop the Hospital. To the extent that past reserves have been used for this purpose, at the
end of the year some £973,440 (2022 £1,787,963) is held as unallocated or free reserves which is equivalent
to 1.31 months (2023 2.55 months) offixed costs. The charitable company's policy is to hold reserves sufficient
to manage the risks involved in providing its medical seNices and to provide resources to invest in new
activities. However, only £2,114,929 (2022 £801,191) of that sum is held as cash to cover the short-term
requirements of the charitable company.
The Trustees aim to maintain the cash and free reserves at levels which 8nable them to fund capital
expenditure, meet liabilities when they fall due and provide an appropriate level of risk protection in the event
of an unforeseen emergency. The charitable company reviews its reserves policy in the light of the budgets
presented annually to the Board and planned future activities.
Investment pollcy
Following review, the investment policy of the charitable company is to deposit reserves with recognised
banking organisations in an interest bearing account. This has taken place since April 2024.
Strateglc Report
The charitable company continues to see more patients year on year. Fairfield engages with patients to
provide a re-assurance and a positive experience and outcome. Engagement with Health Watch St Helens
provide5 feedback to Fairfield to improve service delivery wherever possible. Trustees continue to seek
higher rates of patient survey feedback in order to help the hospital charity improve processes around risk
management and incident reporting. In terms of our charity's approach to the use of the buildings and
energy supplies the Board continues to improve the organisation's realistic Green Plan.
The quality of its ServI￿S are assessed and evaluated every day by the patients who are treated in the
Hospital, by the professional, clinical and administrative staff who provide part or all of those services and by
Page 8

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
the commissioners who order and pay for the services provided at the Hospital. In addition, it has corporate
and specific regulators who monitor and inspect the services throughou
the year.
The charitable company's main strengths are its links to the local communities that it serves through its
connections with General Practitioners, to the local health commissioners and its role with the major private
health insurers as their local provider. The Hospital's ethos of continuous improvement ensures it can respond
to changes in clinical standards or clinical practice quickly and effectively.
The major risks the charitsble company faces are..
growth In alternative providers - as an example, we have seen local clinics opening up to provlde
limited services in specific areas while these will not individually threaten the charitable company's
existence, the cumulative effect of the services they offer may reduce the need for the Hospital's
services.,
Increases in the cost of service provision and regulatory requirements - against a background of low
increase in income the Company has to commit more of its Incoming resources to meeting these
demands. The minimum wage cost increase has been felt in 2024. In other social and charitable
sectors, for example the care Industry, the cost of higher standards can force a withdrawal of provision
by the high quality providers.,
retention and recruitment of high calibre staff and consultants. The Hospital has had to rely on agency
staff in some of its clinical areas as the NHS offers higher consultant fees to meet their backlog of
treatments.
Worry and uncertalnty from patients regarding waiting times and treatment delays
Increases in energy costs, medical consumables and costs in general which all have to be funded
Lack of capital in order to fund necessary investment
The Board considers the future of the charitable company Is In need of investment as it continues to provide a
high quality, valued and popular seplice to people from the local area and across the North West. The Board's
strategic intention Is that the charitable company should..
Seek support trorn a new investor
the Charity has exchanged contracts and signed an asset
purchase agreement. The sale was completed at the end of March 2025
Invest in new techniques and treatments to provide the latest health treatments and support.,
extend our provislon Into early diagnosls and support for GP services.,
enhance our role in providlng a complete package of health care for the people of the North West so
that we can meet most of their health needs at this location.
Future Plans
The proceeds of the sale was be used for the formal winding down of th'e operational activities and statutory
requirements of the charity in terms of appropriate disbursements for such as VAT, run off insurance cover for
NHS and private patients for the relevant time period of cover. ￿lIst there is currently no formal strategy for
the Charity, this will be drawn up and in the fullness of time, will include a mechanism to support local health
and care charities.
Fundralslng
The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011.
Contlngent Llabllltles
Page 9

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
A provision was recognised at 31 December 2024 in accordance with the relevant accounting standards, as a
result of the investigation from HMRC regarding its potential liability for VAT since an initial inquiry in July 2022.
The initial inquiry was as a result of the hospitals inclusion in the response to the COVID 19 pandemic via its
contract with NHS England.
However, the initial inquiry has broadened in its scope to include other aspects of the hospitals business.
Solicitors have been engaged and internal analysis has been Carried out and responses have been sent to
HMRC, this work is ongoing.
The investigatlon is multifaceted and is dependent on emerging case law. Management considers the best
estimate at the time of signing the financial statements to be in the region of £1.2m to £1.6m with the final
agreed figure to be paid in 2026.
Events after the balance sheet dale
Following on from the boards strategic intention to secure a new investor, the Charity has exchanged
contracts and signed an asset purchase agreement with expected completion by the end of March 2025. The
final value of the sale is still to be agreed at the date of the accounts. The sale will secure the investment in
hospital activities that will allow the continued high level of care provided to patients.
The intended charitable activities post sale will be limited to supporting local health
health providers.
care charities and
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees who are also the directors of Fairfield Independent Hospltal for the purposes of company law are
responsible for preparing the financial statements in accordance with applicable law and United Kingdom
Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financlal year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing those
financial statements, the trustees are required to.,
select suitable accountlng policles and then apply them conslstently.,
observe the methods and principles in the Charity Statement of Recornmended Practice (SORP).,
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to 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.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies
Act 2006) of which the charitable company's auditors are unaware, and each trustee has taken all the steps
that they ought to have taken as a trustee in order to make them aware ofany audit information and to establish
that the charitable company's auditors are aware of that information.
Page 10

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
AUDITORS
The auditors will be proposed for appointment at the forthcoming Annual General Meeting.
The Report of the Trustees and the Strategic Report were approved by
he Board and signed on its behalf.
C Barratt
Trustee
Data,. lo January 2026
Page11

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
FAIRFIELD INDEPENDENT HOSPITAL
Oplnlon
We have audited the financial statements of Fairfield Independent Hospital for the year ended 31 December
2023 which comprise the Ststement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 financlal ststements..
give a true and falr view of the stste of the charitable company's affalrs as at 31 December 2023 and
of its incoming resources and application of resources for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance with the requirements of the Companles Act 2006.
Ba618 for oplnlon
We conducted our audit in accordance with International Standards on Auditlng (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 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.
Con¢lu81on8 relatlng to golng concorn
In audlting the flnancial statements, we have concluded that the trustee's 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 uncertaintles relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least ￿e1ve 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 Informatlon
The trustees are responsible ft)r the other information contained within the annual report. The other information
comprises the information included in the annual report, other than the financial statements and our auditotrs
report thereon. 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 this gives rise to a material misstatement in the f nancial
ststements 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.
Page 12

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
FAIRFIELD INDEPENDENT HOSPITAL
We have nothing to report in this regard.
Oplnlon8 on other matters prescrlbed by th8 Compan188 Act 2006
In our opinion based on the work undertaken in the course of our audit..
the information given in the trustees, report, which includes the directors, report and the strateglc report
prepared for the purposes of company law, for the financial year for which the financial ststernents are
prepared is consistent with the financial statements., and
the strategic report and the directors, report included within the trustees, report have been prepared in
accordance with applicable legal requirements.
Matter8 on whlch we aro requlred to report by exceptlon
In light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material mlsstatements in the strategic report included within the
trustees, report.
We have nothing to report In respect of the following matters in relation to which the Companies Act 2006
requires us to report to you if, In our opinion..
adequate accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and returns; or
certain dlsclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audlt.
R88pon8lblllt108 of tru8t808
As explained more fully in the trustees, responslbilities statement set o'ut on page 10, the trustees (who are
also the directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financlal 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 ststements that
are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable 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 charitable company or
to cease operations, or have no realistic alternative but to do so.
Page 13

FAIRFIELD INDEPENDENT HOSPITAL
IA COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
FAIRFIELD INDEPENDENT HOSPITAL
Audltor's responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance aboutwhether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditorfs 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 misststement 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.
Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and
non-compliance with laws and regulations are set out below.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at. This description forms part of our auditor's report.
Extent to whlch the audlt wa8 con8ldered capable of detectlng Irregularltl88, Includlng Iraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and
assessed the risks of material misstatement of the financial statements from irregularities, whether due to
fraud or error, and discussed these between our audit team members. We then designed and performed
audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to
provide a basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charitable company
operates, focusing on those laws and regulations that have a direct effect on the determination of material
amounts and disclosures in the financial statements. The laws and regulations we considered in this context
were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We
assessed the required compliance with these laws and regulations as part of our audit procedures on the
related financlal statement items.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which might be fundamental to the charitable company's ability to
operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist
within the charitable company for fraud. The laws and regulations we considered in this context for the UK
operations were CQC Regulations.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any.
We identified the greatest risk of material impact on the financlal statements from Irregularities, including
fraud, to be within the timing of recognition of income, recording the impact of the CQC regulatory review and
the override of controls by management. Our audit procedures to respond to these risks included enquiries
of management and the Audit Committee about their own identification and assessment of the risks of
irregularities, sample testing on the posting ofjournals, reviewing accounting estimates for biases, reviewing
regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged
with governance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected
some material misstatements in the financial statements, even though we have properly planned and
performed our audit in accordance with auditing standards. For example, the further removed non-
compliance with laws and regulations (irregularities) is from the events and transactions reflected in the
financial statements, the less likely the inherently limited procedures required by auditing standards would
identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as
these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal
controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-
Complian￿ with all laws and regulations.
Page 14

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
FAIRFIELD INDEPENDENT HOSPITAL
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. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditorfs 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, for our audit work, for
this report, or for the opinions we have formed.
Thls report has not been 81gned
Vicky Szulist
Senior Statutory Auditor
For and on behalf of
Crowe U.K. LLP
Statutory Auditor
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ
Date
Page 15

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL AcfiviTIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestricted
funds
2023
Unrestricted
funds
Notes
INCOME
Donations and legacles
Investment income
100
17,182
496
Incomlng resources from charltabl8 actlvltl88
Medical servlces provided
Other Income
16,485,940
73,588
15,669,012
88,684
Total Income
16,576,810
15,757,696
EXPENDITURE
Charltable actlvltles
Medical servlces provided
17,300,166
15,800,370
Total exp8ndlturo
17,300,166
15,800,370
NET (EXPENDITURE)IINCOME
(723,356)
(42.674)
Total funds brought forward
6,476,070
6,518,744
TOTAL FUNDS CARRIED FORWARD
5,752,714
6,476,070
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
The notes on pages 21 to 30 form part of these financial statements
Page 16

FAIRFIELD INDEPENDENT HOSPITAL
{A COMPANY LIMITED BY GUARANTEE)
Registered Number: 1141676
BALANCE SHEET
AT 31 DECEMBER 2024
2024
2023
, Unrestrlcted
fund8
Unrestricted
funds
Notes
FIXED ASSETS
Intangible assets
Tangible assets
13
1,234
6,177,077
14
5,771,003
Total Fixed Assets
5,771,003
6,178,311
CURRENT ASSETS
Stocks
15
292,191
435,301
Debtors.. amounts falling due within one year
16
1,537,124
2,034,243
Cash at bank
2,114,929
801,192
3,944,244
3,270,736
CREDITORS
Amounts falling due within one year
17
(3,241,397)
{2,077,477)
NET CURRENT ASSETS
702,847
1,193,259
TOTAL ASSETS LESS CURRENT LIABILITIES
6,473,852
7,371,570
CREDITORS
Amounts falling due after more than one year
18
(721,137)
(895,500)
NET ASSETS
5,752,715
6,476,070
FUNDS
Unrestricted funds
20
5,752,715
6,476,070
The financial statements were approved and authorised for issue by the Board of Trustees and were
The notes on pages 21 to 30 form part of these financial statements
Page 17

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
Registered Number: 1141676
BALANCE SHEET
AT 31 DECEMBER 2024
signed on its behalf by..
C 8arratt
Trustee
Date:
anuary 2026
The notes on pages 21 to 30 form part of these financial statements
Page18

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBE
2024
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Net cash (used Inl / Provided by operating act5vltles
1,509,564 416,772
Cash flow from investin8 actlvltles
Purchase of fixed assets
121,4641 (89,7231
Net cash used In Investing activities
{21,4641 189,7231
Cash flow from fSnancln8 aCtSvltles
Repayment of CBILS loan
Sales of bungalow leases
1300,000)
6,300
{174,363)
Net from flnanclng activltles
(174,3631 1293,700)
Change in cash and cash equlvalents In the reportln8 perlod
1,313,736
33,349
Cash and cash equlvalents at the be8lnnln8 of the reportlng perlod
801,192 767.843
Cash and cash equSvalents at the end of the reportlng perlod
2,114,928 801.192
Page 19

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
RECONCILIATION OF NET INCOME TO NET CASH INFLOW FROM OPERATING ACTIVITIES
2024
2023
Net (expendlture)Ilncome for reportlng perlod (a8 per the
statement of flnanclal actlvltle8)
Amortisation of intangible assets
Depreciation charges
Interest received
(Increase)Idecrease in stocks
Decreasel(increase) in debtors
(Increase) In prepayments
(Decrease)lincrease in credltors1
(723,356)
(42,674)
6,492
426,190
428,771
143,111
155,506
341,613
1163 920
(121,736)
362,443
(430,335)
216 393
Net ea8h provlded by operatlng actlvltles
1509 565
416 772
ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash
2 114928
801 192
ANALYSIS OF CHANGES IN NET DEBT
At
1 January
2024
At31
Decembor
2024
Ca8h flow
Net cash:
Cash at bank
801,192
1,313,736
2,114,929
801192
1313 736
2 114929
Page 20

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
The principal accounting policies adopted, judgments and key sciurces of estimation uncertainty in the
preparation of the financial statements are as follows..
Company Informatlon
The Charity is a company limited by guarantee (registered number 11416761 which is incorporated and
domiciled in the UK. The address of the registered office is Crank, St. Helens, Merseyside, WA117RS.
Ba818 of preparatlon
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 Republlc of Ireland (FRS
102) (effective 1 January 2019) (Charities SORP (FRS 102)), The Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Fairfield Independent Hospital meets the definltion of a public benefit entlty under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless othernvise stated in the
relevant accounting policy note.
Golng concern
On 5th June 2024, the Charlty entered into an agreement In principle with a third party for the sale of the
trade and assets of the hospital. The agreement was subject to two conditions precedent, being the
approval from the Home Office on the transfer of the medical dispensation licence and the arrangement
of an insurance policy to cover operations performed by the Charity prior to the date of the change in
ownership, before the change agreement became legally binding. These conditions were completed
for the sale at March 2025 and the transfer of assets and trade occurred at the end of March 2025
In forming their assessment of the Charities ability to continue as a going concern for a period of at least
12 months from the date of signing the financial statements ('the going concern period.), the Trustees
have considered the revised role that the charity will have in supporting local health and care charities.
The trustees are satisfied that the Charlty has sufficient cash to continue to meet its li8bilities as they
fall due throughout the going concern and as a result that it is appropriate to continue to prepare the
financial statements on a going concern basis.
Incomlng re80urce8
Voluntary income - Including donations, gifts, legacies and grants - provide core funding or are of
general nature are recognised where there is entitlement, probability of receipt and the amount can be
measured with sufficient rellability. Such income is only deferred when:
The donor specifies that the grant or donation must only be used in future accounting periods., or
The donor has imposed conditions which must be met before the Company has unconditional
entitlement.
b)
Donations received are accounted for when the resources are, receivable or when the Company's
entitlement is legally enforceable. No gifts in kind are received.
Income from medical services is recognised as earned when the related goods and services are
provided. Income from charitable activities includes income received under contract or where
entitlement to grant funding is subject to specific performance conditions is recognised as earned (as
the related goods or services are provided).
Investment income is recognised on a receivable basis.
Resources expended
21

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure is accounted for on an accruals basis. Contractual arrangements and performance related
grants are recognised as goods or seNices as supplied. Costs of generating funds are those costs
incurred in attracting voluntary income, and those incurred in charitable activities.
Charitable activities include expenditure with the operation of the Charity.
Governance costs include those incurred in the governance of the Charity and its assets and are
primarily associated with constitutional and statutory arrangements.
Intanglble Assets
Intsngible fixed assets are non-financial fixed assets that do not have physlcal Substan￿ but are
identifiable and are controlled by the charity through custody or legal rights. Intangible fixed assets for
the Charity comprise acquisition of software licenses and external software development time in
enhancing patient services. Although such assets lack physical substance, they provide a continuing
economic benefit to the Charity. The Charity only includes payments to third parties in this asset
category and does not include staff costs even though their contribution to the implementation of these
systems may be significant.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life,
Software
250/0 Stralght line
Tanglble flx8d a888ts
Tangible assets are stated at cost (or deemed cost for land and buildings held at valuatlon at the date
of transition to FRS 102) less accumulated depreciation.
Depreclation Is provided at the following annual rates In order to write off each asset over its estimated
useful life.
Freehold propety
Fixtures, fittings & equipment
Indlvldual assets costing £1,000 or more are capitalised at cost.
20/0 on costlvaluatlon
100/0 to 250/0 Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving Items.
Taxatlon
As a registered Charity the Company is not liable to corporation tax on its Income.
Provlslon8 for Ilabllltles
Provisions are recognised when the hospital has a present obligations (legal or constructive) as a results
of a past events, it is probably that the hospital will be required to settle the obligation, and a reliable
estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the
present obligation at the end of the reporting period, taking into account the risks and uncertainties
surrounding the obligation.
The provision represents the ongoing VAT investigation from July 2022.
22

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees. All the Charity's funds are unrestricted income funds.
No separate statement of changes in reserves has been included in these financial statements as there
is no movement on reserves except for the surplus for the year.
Pen81on costs and other po8t-retlrement beneflt8
The Charity operates a defined contribution scheme approved by the Pension Schemes Office of the
Inland Revenue. The Charity also runs a stakeholder pension scheme for the benefit of the employees.
Contributions are charged to salaries and wages in the Statement of Financial Activities as they become
payable. The assets of the schemes are held separately from the assets of the company.
Irrecoverable VAT
All resources expended are classified under activity headings that aggregate all costs related to the
category. Irrecoverable VAT Is charged against the category of resources for which it was incurred.
Flnanclal Instruments
Fairfield Hospital has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at amortised cost.
JUDGEMENTS IN APPLYING ACCOUNTING POLICIES ANO KEY SOURCES OF ESTIMATION
UNCERTAINTY
In the application of the Charity's accounting policies, which are described in note 1, Trustees are
requlred to make judgements, estimates, assumptions about the carrying values of assets and liabilities
that are not readily apparent from other sources. The estimates and underlying assumptions are based
on historical experience and other factors that are considered to be relevant. Actua5 results may differ
from these estimates.
The estlmates and underlying assumptions are revlewed on an on-going basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision affects only that
period, or in the period of the revision and future periods if the revision affects the current and future
periods.
The key sources of estimation uncertalnty that have a significant effect on the amounts recognlsed in
the financial statements are described in the accounting policies and are summarised below.
The Charity holds provisions for bad debt, out of date stock and pension contribution shorttall. The
provisions have been created by making charges against income.
The likelihood and quantum of any potential liability arising from the VAT inspection.
DONATIONS AND LEGACIES
2024
2023
Legacies and Donations
100
496
23

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INVESTMENT INCOME
2024
2023
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
2024
2023
Medical services provided
16,485,940
15,669,012
CHARITABLE ACTIVITIES COSTS
Support
Costs
Dlract Medlcal co8t8
18e8 note
12)
Governance
Cost8 (See
note 8)
Total
Total
(888 note 7)
2024
2023
Medical
services
12,905,611
4,329,254
65,301
17,300,166
15,800,370
Provided
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
staff costs
Direct medical costs
Insurance
Patient services
3,336,345
8,875,316
233,313
164,064
3,205,391
7,387,600
233,313
163,468
Medical Equipment Maintenance and Repair
296,573
269,573
12,905,611
11,286,345
GOVERNANCE COSTS
2024
2023
Auditors, remuneration
65,301
44,597
24

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
NET {EXPENDITURE)IINCOME
Net (expenditure)lincome is stated after chargingl(crediting);
2024
2023
Amortisation of intangible assets
Depreciation of owned assets
6,492
426 190
42
771
10. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
Payments of £0 (2023.. £0) were made in the year ended 31 December 2024 for trustee travel expenses.
11. STAFF COSTS AND THE COST OF KEY MANAGEMENT PERSONNEL
2024
2023
Salarles and wages..
Nursing and other clinlcal staff
Housekeepin9, catering and malntenance
Management and administration
3,336,345
640,357
1,508,934
5,485,636
3,205,390
621,350
1,539,861
5,366,601
Wage and salaries
Social security costs
Pension costs
4,975,571
391,863
118,202
5,485,636
4,626,084
360,581
379,936
5,366,601
The following number of employees received remuneration falling within the following ranges..
Bands
2024
2023
Number Number
£60,001 to £70,000
£70,001 to £80,000
£80,001 to £90,000
£90,001 to £lOO,000
£IOO,001 to £llO,000
£iio,ooi to £120,000
£120,001 to £130,000
£130,001 to £140,000
25

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. STAFF COSTS AND THE COST OF KEY MANAGEMENT PERSONNEL- contlnued
One ofthe higher paid employees (2023.. 1) accrued benefits under a defined contributs'on scheme. The
amounts paid to defined contribution schemes on behalf of this employee were £5,744 (2023: £5,905).
The key management personnel of the charity comprise the Hospitsl Executive and are listed in
the Report of the Trustees and Strategic Report. The total employee benefits of the key
management personnel of the Company were £354,862 (2023.. £413,447).
Average number employed (including temporary staffl..
2024
92
99
191
2023
98
92
190
Nurslng and other clinical
Management, clerical and domestic
12. SUPPORT COSTS
Support costs incurred in the year In relatlon to charitable activities were as follows..
2024
2023
Management
Finance
2,918,135
243,766
3,009,832
257,532
Information Technology
296,005
331,897
Property
871,348
4,329,254
870,167
4,469,428
13. INTANGIBLE FIXED ASSETS
Total
Software
COST
At 1 January 2024
Additions
At 31 December 2024
118,503
118503
DEPRECIATION
At 1 January 2024
Charge for year
At 31 December 2024
117,269
118,503
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
1,234
26

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARA
TEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. TANGIBLE FIXED ASSETS
Medlcal
Equlpment,
Flxture8,
Flttlng8,
Computer
Equlpment
Freehold
land
Freehold
property
Total
COST
At 1 January 2024
Additions
Impairment
1,590,167
4,159,833
3,468,337
21,464
9,218,337
21,464
At 31 December 2024
1590,167
4 159 833
3 489 801
9 239 801
DEPRECIATION
At 1 January 2024
Charge for year
Impairment
166,393
83,197
2,874,867
344,341
3,041,260
427,538
At 31 December 2024
249 590
3 219 208
3 468 798
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
On adoption of FRS102 we have elected to apply the falr value of land and buildings at March
2023 as the deemed cost.
15. STOCKS
2024
2023
Consumable medical supplles
Pharmacy
261,577
411,413
292 191
435 301
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrued income
1,136,255
400,869
1,537,124
1,291,762
742,481
2,034,243
27

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
894,702
1,011,463
Social securlty and other taxes
218,857
388,085
Accruals and deferred income
2,127,839
677,929
C81LS Loan (Note 19)
3,241,398
2,077,477
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Lease deposits
721137
721 137
895 500
895 500
Lease deposlts are amounts advanced by tenants of the bungalows at Fairfield Gardens as
security for their lease5. They are repayable on termlnation of the leases or sale of the
property.
19. LOANS
The Charity does not have any loans.
As recorded In Note 18, the Charity does have £721,137 in repayable lease deposits. No
inlerest is due on these deposits.
28

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
20. MOVEMENT IN FUNDS
At
January
2024
Galns
and
Lo88e8
Incomlng Re80urce8
Resources Expended
At December
2024
Fund8 transferred
Unrestrlcted
fund8
General fund 6,476,070 16,576,810 17,300,166
Total Fund8 6,476,070 16,576,810 17,300,166
5,752,714
5,752,714
No separate statement of changes in reserves has been included in these financlal statements as there is no
movement on reserves except for the surplus for the year.
All funds of the Charity are unrestricted,. therefore, all assets and liabilities relate to unrestricted funds.
21. ANALYSIS OF RESERVES
2024
2023
Total reserves
Less.. Land and bulldlngs
Add: Lease deposits relating to land and bulldlngs
Freely available reserves
5,752,714
(5,500,411)
721,137
973,440
6,476,070
(5,583,607)
895,500
1,787,963
22. FINANCIAL INSTRUMENTS
2024
2023
Financlal assets measured at amortised cost
3,251,184
3,962,534
2,092,953
2,972,977
Financial liabilities measured at amortised cost
Financlal assets consist of cash and trade debtors.
Financlal liabilities consist of loans, trade creditors and other creditors.
23. RELATED PARTY TRANSACTIONS
During the year, some trustees or their relatives were patients at the Hospital. The trustees were
treated on the same terms as all other patients.
There are no other related paty transactions that need to be disclosed in the financial statements.
29

FAIRFIELD INDEPENDENT HOSPITAL
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
OPERATING LEASES
Amounts committed
2024
2023
Within one year
35,562
276,797
Withln two to five years
1,709
26. PROVISION FOR LIABILITIES
bff amounts- Nil
Provision in year- £1.6m
clf- £1.6m
The Hospital has been under investigation from HMRC regarding its potentlal liabillty for VAT since an
initial inquiry in July 2022. The initial inquiry was as a result of the hospitals inclusion in the response to
the COVID 19 pandemic via its contract with NHS England.
However, the initial inquiry has broadened In Its scope to include other aspects of the hospitals business.
Solicitors have been engaged and internal analysis has been carrled out and responses have been sent
to HMRC, thi5 work is ongoing.
The investigation Is multifaceted and is dependent on emerging case law. Managernent conslders the
best estimate at the time of signing the financial statements to be in the region of £1.2m to £1.6m with
the final agreed figure to be paid in 2026.
26. EVENTS AFTER BALANCE SHEET DATE
Following on from the boards strategic intention to secure a new investor, the trade and assets of the
Hospltal were sold at the end of March 2025
The intended charitable activities post sale are limited to supporting local health and care charitles and
health providers.
30