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← The Children's Hospital Charity

2025-03-31-accounts

The Children’s Hospital Charity

Annual Report 2024/25

The Children’s Hospital Charity Ltd (A company limited by guarantee not having share capital) For the year ended 31 March 2025 Company Registration number: 01224751 Registered charity no: 505002

Contents

3 Welcome 24 Financial Review
4 About Us 30 Report of the Board of Trustees
5 She!eld Children’s 34 Independent Auditors Report
6 Our charity values 37 Statement of Financial Activities
7 Our patrons 39 Balance Sheet
8 What we do 40 Statement of Cash Flows
9 Meet our trustees 42 Notes to the Financial Statements
12 2024/25 in review
13 Awards
14 Highlights
18 Funded project highlights
23 Research

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Welcome

This year has been one of bold steps, proud milestones, and lifechanging impact.

Children’s the best it can be — not only through clinical excellence, but through compassion, comfort and care that wraps around every child and family who walks through its doors.

In 2024/25 we were proud to commit funding over £2.2million worth of projects across She!eld Children’s. Behind that number are thousands of young patients, each with their own story – and our mission has never felt more important.

From the very beginning, our work has been powered by people who care deeply, and this year was no different. Our extraordinary achievements were only possible thanks to the continued generosity and energy of our community — a community that continues to grow, dream big, and give brilliantly.

One example is our Snowflakes campaign, which marked its 20th anniversary in 2024 and continues to shine brighter than ever. From its humble beginnings, it has grown into one of our most loved traditions — raising over £432k in 2024, with 500 snowflakes glowing across 12 sites – it has become a symbol of kindness and giving, and shows what we can achieve when we come together.

Our community fundraisers have once again gone above and beyond with passion and perseverance — jumping out of planes, running half marathons, and even taking part in our first-ever Dragon Boat Race — helping us raise almost £1million through their unstoppable spirit in individual and group fundraising efforts.

We’ve made a bold commitment to quadruple our investment in research, pledging £5million over the next five years. This marks a considered new chapter for us — one that puts discovery and transformation at the heart of how we improve children’s healthcare. We believe that the breakthroughs made here in She!eld can lead the way in children’s health — not just for this generation, but for the ones to come.

As we grow, so does our identity. That’s why we’re excited to be establishing a refreshed brand in 2025 – one that puts children at the heart of everything we do. This new look and feel will better reflect who we are, and our commitment to driving a world of excellence and innovation in children’s healthcare. It will help us inspire even more people to join our mission and create healthier futures for children and young people.

This past year has shown us what’s possible when we come together. None of these achievements happen in isolation. We are deeply grateful to our volunteers, whose time, energy and passion make an invaluable contribution to our work. Their support helps us achieve more than we ever could alone, and we couldn’t do it without them. Every fundraiser, every partner, every donor — every person who wore a T-shirt, baked a cake, shared a story or gave a gift — has been part of something significant.

You’re not just supporting a hospital Trust. You’re helping to build a world where healthcare is kinder, futures are brighter, and every child gets the chance to feel like a child — even on their hardest days.

Thank you for being part of it.

Our corporate partners stepped up in incredible ways, raising a remarkable £1.2million, and proving how powerful purpose-led business can be. Major donors contributed just under £500,000, and grants totalling more than £600,000 show the strength and confidence of those who believe in the work we do, and give us the vital support to push forward on projects that make a difference.

We also launched new initiatives — like Will Writing Month — which helped us open new conversations and reach new supporters in meaningful ways.

And we’re just getting started.

Everything we’ve built together this year is laying the foundations for what comes next.

John Armstrong Jonathan McMahon Chief Executive O!cer Chair She!eld Children’s Hospital Charity She!eld Children’s Hospital Charity

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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About Us

Children and young people are at the heart of everything we do.

We support the thousands of patients and families at She!eld Children’s, from across the UK and beyond, by funding the life-changing and the joy-sparking. We make clinical care kinder, and bad days brighter. We bring play, laughter and comfort to places there they’re needed the most.

We fund groundbreaking research, specialist medical equipment and new facilities, creating an engaging environment built with children in mind.

We champion excellence and innovation to help create healthier futures for this generation and those to come. Together . we make the difference.

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She!eld Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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Sheffield Children’s is a leader in children’s health and has ambitions to provide outstanding patient care. Professionally, many colleagues are amongst the best in their fields, being recognised nationally and internationally.

During 2024/25, a great deal has happened – from a change of government to the announcements of sweeping changes across the NHS – yet the commitment to providing a healthier future for children and young people at She!eld Children’s has remained constant.

The work of She!eld Children’s saves and changes children’s lives, across the country. It continues to advocate for the health needs of children and improve care for families through partnership work with other providers. Care goes way beyond clinical appointments, delivering prevention work through schools and community outreach while also working alongside partners to address the inequalities faced in healthcare.

In a year which has seen the highest growth in attendance at its clinical services in recent history, Sheffield Children’s has cared for children and young people through over 395,000 appointments across sites around Sheffield, Derbyshire and beyond and in the community.

It has provided essential mental health care in over 28,000 community appointments, and in 5,420 overnight stays at its inpatient mental health centre, as well as countless hours with its partners in schools to support children in its own environments. Its Emergency Department continues to be one of the highest performing in the country, with over 90% of the 62,000 children who visit being seen within 4 hours.

To give a sense of scale, if there was a Lego brick for every time She!eld Children’s cared for a child or young person this year, stacking those Lego pieces up would create a tower taller than Mount Fuji in Japan! That’s huge – and while numbers like this can be calculated, the impact is harder to count, but it’s what matters to most.

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Our charity values

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Accountability

We are transparent, with the money raised and the projects we fund going above and beyond to help create a healthier future for children and young people. We are accountable to our environment, aiming to achieve sustainability together.

Compassion

We are led by kindness, empathy, and understanding. We support our donors, caring and listening to their needs.

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Excellence
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We strive to be dynamic and creative in our work, winning awards for our innovation, and enhancing the patient and family experience. With excellence we can have an impact on those we support, going above and beyond the NHS provision and supporting She!eld Children’s be a leader in paediatric care.

Inclusivity

Together

We promote diversity and are We come together as one committed to inclusivity. We team with colleagues, patients, strive to ensure all colleagues, families and donors. We are supporters and individuals passionate about She!eld feel valued, respected and Children’s, a cause we care appreciated. deeply about.

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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Our patrons

Dominic Dame Jessica Bombette Martin Dan Walker Esme Morgan Harry Maguire James Toseland Calvert-Lewin Ennis-Hill — - >» - tim . a ST ag ae elle i 2 ‘ wie . i . ee . Nike. 2 aa | 8 payer fe F 3 ig “ J da ‘w'hale . & Ve 4 Lucy Beaumont Joe Root MBE Jon Richardson Nick Matthew OBE Richard Hawley Pete McKee Matt Fitzpatrick

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What we do

We fund life-changing care, comfort and new ideas to transform children’s healthcare for this generation and those to come.

Our mission

We support the thousands of patients and families at She�ield Children’s, from across the UK and beyond, by funding the life-changing and the joysparking.

We make clinical care kinder, and bad days brighter. We bring play, laughter and comfort to places where they’re needed the most.

Our charitable objectives

For the public bene�t

Our Trustees con�rm that they have complied with the duty in the Charities Act 2011 to have due regard for the Charity Commission’s general guidance on public bene�t.

In setting our objectives and planning our activities our Trustees have again given careful consideration to the Charity Commission’s general guidance on public benefit.

Charity funding is available for every discipline within the hospital Trust. As a result, public benefit sits broadly across all patients, their families and the local communities that they come from.

In addition, charity funding of medical research is invested into strategic projects that are most likely to lead to further nationally funded research. Research findings from She!eld Children’s are published in peer medical journals. This has the result of widely disseminating research findings across the research community, resulting in worldwide impact and public benefit.

The objectives of the charity are for the public bene�t, the relief of sickness and in particular:

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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She!eld Children’s Hospital Charity‘s Trustees help oversee its long-term strategy, as well as contributing to and supporting the management of the charity, ensuring it delivers significant income to improve children and young people’s lives.

Meet our Trustees

Adam Gillett

Jonathan McMahon

Adam is Associate Vice Principal at Penistone Grammar School and Business Development Specialist at Minds Ahead. He has been a Trustee since 2024.

Amaka is a Reader in Imaging Children’s Muscles and Bones at the University of She!eld and both a Consultant Paediatric Radiologist and Governor at She!eld Children’s NHS Foundation Trust. She has been a Trustee since 2020.

Jonathan is

Children’s Hospital Charity and has been a Trustee since 2023. He is an experienced executive and non-executive director, having held senior positions in UK and EU

Adam leads on mental health, charity and personal development at his school in Barnsley. He is a passionate supporter of the charity, stemming from his own time at She!eld Children’s as a child, and the support the hospital has provided for his two children. Adam’s school has raised nearly £70,000 for the charity and he regularly volunteers and fundraises for us.

Professor O!ah has published over 150 peer-reviewed articles, book chapters and books, and given over 200 invited national and international lectures about paediatrics. She also chairs the Scientific Advisory Committee at She!eld Children’s. At the time of her promotion in January 2020, Professor O!ah was only the UK’s second black female professor in medicine.

He was previously a Trustee of National Star, a charity supporting young people with disabilities, and the St James’s Place Charitable Foundation.

Charlotte Acevedo

Charlotte is a Legal Director at Expedia and has been a Trustee since 2024.

Charlotte is a local parent and has recently returned to She!eld after previously studying in the city. She uses her professional experience to further improve services for the patients of She!eld Children’s.

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Professor David Barnett

David is a Professor of Diagnostic Haematology and an NHS Consultant Clinical Scientist within the Haemato-Oncology Diagnostic Service (HODS), which serves over two million people.

He has been a Trustee since 2018.

He is also the Director of the United Kingdom National External Quality Assessment Scheme for Leucocyte Immunophenotyping (UK NEQASLI), providing external quality control to over 3,000 international laboratories in 53 countries.

John Warner

John qualified as a Chartered Accountant in 1980. He is a Senior Partner at the largest independent law firm in Yorkshire, BHP. He is also heavily involved with the South Yorkshire Investment Fund, the Investment Advisory Panel for Finance Yorkshire, the Creative She!eld Advisory Board, and She!eld City Trust.

He has been a Trustee since 2013 and stepped down in March 2025.

Louise Lumley

Louise is Chief Client O!cer at Irwin Mitchell. She has been a Trustee since 2024.

Louise is a She!eld resident

and mum to two young girls who have received care at She!eld Children’s. She is incredibly passionate about the charity.

Matt Currie

Matt is a Non-Executive Director, Spiric. He has been a Trustee since 2024.

Matt was born in She!eld, qualified as a solicitor in the city and has held various senior management roles in large law practices. Now, he is the Non-Executive Director of two law firms, a consultant, and member of the Independent Monitoring Board at Doncaster Prison.

Mark Rooker

Mark is Public Governor at She!eld Children’s NHS Foundation Trust and Commercial and Campus Development Manager at She!eld Hallam University.

He has been a Trustee since 2022.

Mark’s involvement with The Children’s Hospital Charity began in 2003, when he supported a fundraising campaign through his employer. He has since become an ambassador for the charity and was elected as Public Governor of She!eld Children’s.

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Peter Hartland

Foundation Trust and Trustee at Sheffield Town Trust. He has been a Trustee at the charity since 2024.

the higher education and charity sectors. Most recently, he was Chief Executive of St Luke’s Hospice in Sheffield.

He is also a grandparent and is passionate about the health and welfare of young people.

Rachel White

Rachel is People Director at Henry Boot PLC and has been a Trustee since 2022. Rachel joined Henry Boot PLC in 2001 as a Graduate Trainee, gradually working her way up the Human Relations department to the role of HR Director in 2022.

Charity through her employer, where she has worked on the Charity Committee.

Ruth Brown

Trust and has been a Trustee since 2020.

experience. Ruth is responsible for the day-to-day operational delivery of services and developing long-term plans and strategies.

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Fact and �gures

Despite the challenges brought about as a result of the cost-of-living crisis, the charity continued to receive exceptional support, raising over £5.4million to help keep She!eld Children’s a leader in paediatric care.

Donations and fundraising

We extend our sincere gratitude to the outstanding groups, organisations, and individuals whose generous support has made a meaningful impact this year. This support has come in different ways, such as:

Trading

This includes money raised from merchandise (bought at the hospital site, online, or at till points), at charity fundraising events, and through other commercial agreements.

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Donations and Legacies -
£4,050,739
75%
Investments - £475,082
9%
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Legacies

Legacy gifts continue to represent a vital part of the charity’s income, serving as a meaningful investment in the future health and wellbeing of the children cared for by the Trust. These gifts include both residuary bequests—where the charity receives a portion of an estate—and pecuniary gifts, which are fixed sums. In 2024/25, legacy contributions ranged from £250 to over £260,000.

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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Awards
Yorkshire Children of Courage
Awards 2024
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Beyond Bravery award (under 12) - Heidi Howson

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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Highlights

Helipad

November 2024 saw the opening of a new £6million helipad on the roof of Sheffield Children’s Hospital thanks to the generosity of the public, charities The new helipad will allow children to receive life-saving specialist care in She!eld Children’s as a and local businesses supportingSheffield Children’s Hospital Charity. paediatric Major Trauma Centre.

Fundraising for a helipad began in 2018, and in 2023 the charity secured the final funding needed to reach the £6million target. This sum was achieved through the charity’s tireless work with grant making bodies, patients, families, colleagues, corporate partners and fundraisers. We are so grateful to all supporters and donors, including the BNA Charitable Trust and Westfield Health, who donated £50,000 and £95,000 respectively. A huge contribution to the appeal also came via a generous donation from HELP Appeal, which totalled a staggering £2,812,500! The helipad is a vital charity funded project and will crucially reduce delays for patients who need urgent critical care from across South Yorkshire, Derbyshire and Lincolnshire, as well as offering privacy and dignity.

She!eld Children’s is one of only five paediatric Major Trauma Centres in England, and is open 24 hours a day, seven days a week. The helipad on the roof means patients can land and be transferred any time, and in any weather. It has allowed She!eld Children’s to become far more accessible as a regional centre. Air ambulances are able to land directly onto the hospital, meaning patients can have quicker and easier access to the urgent care they need. The new helipad means we can get critically ill or injured patients to the right place, with the right team and provide vital early care and management.

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Highlights

NCCHT

Research

In 2024/25 the charity continued to raise vital funds towards its £2 million

In 2024 the charity announced its commitment to invest in research at

Centre for Child Health Technology (NCCHT).

The £22 million NCCHT will be a place to develop world-leading research and build new technologies to solve the biggest challenges in children’s healthcare. It will bring together children, clinicians, inventors and engineers under the same roof, with state-of-the-art facilities for manufacturing and digital development. It will create opportunities to deliver She!eld Children’s clinical care and discover ways to combat health inequalities to help children manage differences and disabilities caused by illness.

The project is developing at pace, and we are excited to see the centre being built in 2025.

This significant boost will help drive new and innovative research, and support She!eld Children’s in its mission to pioneer new treatments, enhancing healthcare for young people, both now and in the future.

What research will the funding support?

The funding will support various areas of research at She!eld Children’s, helping to improve care and treatment for children and young people. This will allow for the development of innovative ways to address health challenges in paediatric care, both now and in the future.

How can research improve care for children?

Research at She!eld Children’s has the potential to make a real impact, finding new approaches to help with life-changing conditions like scoliosis, exploring treatments for food allergies, and developing less invasive methods to measure stress hormones. These kinds of studies can lead to

What does this mean for the future of children’s healthcare?

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As one of just three standalone specialist children’s hospitals in the UK, the funding will enable She!eld Children’s to stay at the forefront of paediatric research, contributing to better healthcare outcomes and advancements in treatment. Researchers will now have the resources to pursue innovative projects that could lead to life-changing breakthroughs.

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Highlights

Amount raised per site:

We celebrated the 20th anniversary of the Snowflakes campaign with hundreds of sparkling snowflakes lit up for She!eld Children’s around South Yorkshire and Derbyshire, raising a project record of over £432k in pledged income - £53,000 more than the previous year, and the highest amount since the campaign first began.

Initially starting with just eight decorations in 2004 on the Western Bank site at She!eld Children’s, we now have over 500 snowflakes across twelve different Trust and external sites, with plans to expand even further in 2025/26.

Pledged - £432k

Snowflakes with tags – 521

Snowflakes gifted by supporters – 419 Snowflakes gifted to supporters – 102

She!eld Children’s Hospital - £346,561 She!eld City Hall - £25,070 Ryegate - £9,256 Becton Centre - £4,151 St John’s - £10,616 Crystal Peaks - £5,200 Chesterfield - £5,038 Alhambra - £6,198 Brinsworth - £1,498 Olympic Legacy Park - £14,083 Woodhouse - £1,500 The Moor - £3,100

Building on this success, the charity led the return of the Chinese Lunar New Year light display, as well as the inaugural Moon and Stars display during the month of Ramadan, which raised a further £33,000 collectively.

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Highlights

Fundraising within the community

Fundraising events within the community have seen real successes over the last year, generating donations of £601,779 thanks to the generosity and dedication of supporters.

This year has seen over £155,000 raised from active challenges, over £25,000 raised from adrenaline-fuelled skydives, and over £66,000 raised from She!eld Half Marathon runners. The charity’s very first Dragon Boat Race took place in June 2024, raising over £17,000, while work with community groups and associations has raised over £200,000, signalling a positive upturn following a di!cult few years during the cost of living crisis.

Corporate fundraising

The charity’s work with corporate and special groups has raised over £1.3million through various initiatives, including some fantastic special events, workplace fundraising, donations, and the management of support from patrons and ambassadors.

This year also saw the continuation of the Bright Young Dream campaign, spearheaded by Patrons Dame Jessica Ennis-Hill, Dan Walker, Jon Richardson and Lucy Beaumont. The campaign is focussed on raising funds and awareness around children’s mental health, and in 2024/25 it generated income of £316,156.

The charity Hub and trading

Our charity trading subsidiary plays a vital role in supporting our mission by generating income through royalties from longstanding, valued corporate partnerships.

Major donors

Philanthropy has continued to signi�cantly develop during 2024/25 with investment in team seeing income totalling almost £500,000 donated via major donors.

These funds have been raised through membership of our bespoke giving programme (Children’s Champions) attendance at specialist events such as the charity Clay Shoot and Midsummer Ball, sizeable one-off donations, and generous contributions towards specialist equipment. As always, our appreciation is given to this cohort of special donors, both individuals and committee members.

Trusts and grants

Trust and grant applications have signi�cantly increased during 2024/25, with income exceeding £600,000.

Substantial gifts have been received towards the National Centre for Child Health Technology, alongside other gifts towards research, specialist equipment and the built environment. We remain grateful to the grant-making organisations who continue to support She!eld Children’s.

Legacies

In September 2024 the charity launched a campaign for free Will writing month and o�ered our supporters the opportunity to write their Will without charge.

Our legacies income in 2024/25 ranged from generous gifts of £250 to over £260,000.

Alongside this, our vibrant charity Hub—based within the Outpatients department at She!eld Children’s Hospital —offers a welcoming space where every purchase makes a difference. From sensory toys that bring comfort to children on tough days, to branded merchandise that proudly celebrates our charity, all profits go straight back into helping She!eld Children’s.

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Funded project highlights

The charity has committed over £2.2million in funding for She�ield Children’s in 2024/25.

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Facilities

Over £647,000 has been committed to improve facilities, including almost £10k to fund the continuation of Vcreate licences.

The Vcreate video system allows nurses to record patients across PCCU and the neonatal network, and securely share this content with parents who are unable to physically be with them. In addition, almost £3,000 funded the Narcolepsy Family Day, which provides support for children and families experiencing this rare condition.

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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Specialist equipment

The charity committed funding of over £955,000 for medical equipment.

This has included over £28,000 for a portable ultrasound to help the Embrace team offer better treatment to critically unwell children and young people; £12,000 for ear endoscopes to help patients and their families better understand ear conditions; and almost £1,000 for an Astodia Vein Finder to help with cannulating patients, which can be especially di!cult when treating sick and premature newborn babies.

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Environment

Art+

development of key spaces, with over £100,000 allocated for the redevelopment of B Floor garden, as well as £15,000 to design a brandnew family room at The Becton Centre.

This new space will allow young people and their families to relax and spend time together in a more homely environment.

Patient wellbeing

themes of Pig Heart Boy by Malorie Blackman.

Workshops were delivered in playrooms, at bedsides and at the Becton Centre for Children and Young People to improve wellbeing and explore feelings of belonging and sense of self for patients

The Becton Centre will also benefit from a full refurbishment of its kitchen and sensory room, following a £45,000 charity grant, which will create more welcoming and inviting spaces, suited to patient needs.

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Supporting staff has been an important focus for us this year and being

responsive to areas where there is particular need.

The Becton Centre frontline staff work incredibly hard to support young people’s wellbeing under particularly challenging circumstances. After supporting young people access workshops with GrowAllotments, many staff were interested in further exploring the impact working outdoors/ with plants could have. We organised an away day for staff at the allotments, where staff had an opportunity to try out new activities for themselves and young people, and talk about their experiences in a relaxing and supportive environment.

Podcasting

In December 2024 we invited young people to create their own ‘story bomb’ (radio drama) supported by the team at Hybrid 3 Studios.

Patients and families took part in creative writing activities before performing and recording their masterpieces! The final pieces were uploaded onto Spotify so that patients could share their creations and have them enjoyed and shared by others.

All That Matters Christmas single

In December 2024 we released a Christmas song - All That Matters - to all major streaming platforms, complete with a video.

The song was made in our activity workshops with Tracks and patients from the hospital. The video went viral on social media with over 37,000 views, helping us raise over £35,000 for our Christmas workshop campaign.

engaged 3,390 patients in creative workshops and activities.

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Over £342,000 was granted to support research projects, including over £20,000 for the development of Oncolytic Viral Therapy (OVT) to help reduce both the mortality and morbidity of childhood leukaemia, as well as over £64,000 in funding to investigate the use of MRI in safely

In 2024 the charity announced its commitment to invest in research at She!eld Children’s by quadrupling its funding to £5million over the next five years. This significant boost will help drive new and innovative research, and support She!eld Children’s in its mission to pioneer new treatments, enhancing healthcare for young people, both now and in the future.

The funding will support She!eld Children’s to stay at the forefront of paediatric research, ensuring the Trust can continue to make a real difference.

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Financial Review

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Our financial performance in year: the Statement of Financial Activities at a glance.

Our total income from all sources increased by £1.4m in the year 2024/25, when compared to 2023/24.

This was made possible by the kindness and generosity of our supporters who have tirelessly given to and left gifts in their will for the charity, as well as the fundraising intiatives of our fantastic fundraising team.

How much income did we raise?

The Children’s Hospital Charity can only continue to support the outstanding work of She!eld Children’s NHS Foundation Trust through the generous donations we receive. The majority of our income comes from the incredible efforts of the general public, made possible by the commitment and dedication of our hardworking fundraising team.

Donations and Legacies

Our largest source of income comes from the generosity of the public and local businesses, all of whom are passionate about supporting their community and investing in the future of one of the region’s greatest assets — She!eld Children’s.

Income Breakdown

Corporate Donations & Public Giving: £2,135k

(2023/24: £1,944k)

We are incredibly grateful to the companies, community groups, and individuals who generously supported us throughout the year. Their commitment — through time, effort, and financial contributions — has been vital in helping us achieve our goals. Thousands of donations were received via a range of platforms, including JustGiving, Facebook, and direct contributions, from spare change to substantial gifts of several thousand pounds.

Major Gifts: £244k

(2023/24: £243k)

We are deeply indebted to our philanthropic supporters, including our Children’s Champions — a unique network of individuals, companies, and private family trusts united by a shared passion for improving the lives of patients and families at She!eld Children’s. Their significant contributions continue to have a lasting impact.

----- Start of picture text -----
Income 2024/25 2023/24
Donations and Legacies £4,050,739 £3,021,875
Other Trading Activities £891,770 £687,344
Investments £475,082 £300,765
Other income £0 £0
Total Income £5,417,591 £4,009,984
Expenditure 2024/25 2023/24
Charitable Activities £1,237,304 £5,313,647
Raising Funds £1,940,222 £1,695,345
Other £23,419 £27,346
Total Expenditure £3,200,945 £7,036,338
2024/25 2023/24
Net Gain / (Loss) on Investments £33,774 £133,396
Total Net Income / (Expenditure) for Year £2,250,420 (£2,892,958)
Funds carried forward from prior year £8,499,687 £11,392,645
Closing Funds for Year £10,750,107 £8,499,687
National Centre for Child Health Technology
£1,173,379 £101,704
(NCCHT)
Other funds carried forward £9,576,728 £8,397,983
----- End of picture text -----

The Children’s Hospital Charity is well underway with a £2million capital appeal towards the build of a new world-class research and technology centre – the National Centre for Child Health Technology (NCCHT) – which will be run by She�ield Children’s NHS Foundation Trust and based at the She�ield Olympic Legacy Park.

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Trusts and Foundations: £609k

(2023/24: £203k)

We extend our sincere thanks to the charitable trusts and grant-making organisations that chose to support us this year. We remain grateful for the vital funding that continues to support our work.

Bank interest was lower in the year partly due to relatively lower interest rates. However, the charity remains committed to effective cash management to optimise returns from available reserves.

Legacies: £1,059k

(2023/24: £631k)

Gifts left in wills are a crucial part of our income and represent a long-term investment in the future of children’s health. These legacy donations ensure that future generations benefit from world-class care at She!eld Children’s, and we are thankful to those who have chosen to leave such a meaningful legacy.

Other trading activities

Charity-Organised Events: £602k

(2023/24: £493k)

Our own events programme saw significant growth this year, raising over half a million pounds. From challenge events and community fundraisers to gala dinners and seasonal activities, these events not only raised vital funds but also brought our supporters together in inspiring ways.

Charitable Activities

These are costs related to allowing the charity to meet its objectives.

Medical research (£319k)

(2023/24: £201k)

We have committed to fund 4 research projects & continued AWRC & PhD funding. As part of the charity’s investment in research, the charity provided £73k to support training & infrastructure in the Research & Innovation team & £50k has been provided to develop new researchers’ small ‘seed’ projects.

Department / Ward funds (£264k)

Merchandise, Giftware & Royalties: £293k

(2023/24: £195k)

Income from the sale of merchandise and giftware — both online and across our hospital sites — continues to be a valuable source of support. Royalties from branded items and third-party sales also contributed to this total, helping to raise funds while increasing awareness of the charity’s work.

Investments

(2023/24: £248k)

Funding of equipment (medical & non-medical), patient activities & staff training for specific departments & wards.

Restricted funds (£97k)

(2023/24: £149k)

Used to fund medical equipment & additional specialist staff training. Bespoke Art+ workshops & activities for patients.

Annual Projects (£167k)

Investment & Interest Income

Investment Portfolio: £378k

(2023/24: £54k)

Prudent management of funds not immediately required by the Trust — held in a low-to-medium risk investment portfolio managed by Investec Plc (now known as Rathbones Group Plc) — generated interest, dividend, and disposal income of £378k during the year. Additionally, the charity recorded an investment gain of £34k.

(2023/24 £153k)

Projects include the Art+ scheme (inclusive of salaries and workshops), Christmas gift giving for wards & departments and additional resources for Play Specialist team.

Capital expenditure (£0)

(2023/24: £4,495k)

All expenditure on the Helipad project was made in 2023/24. Expenditure on the National Centre for Child Health Technology is expected to be made in 2025/26.

The charity remains committed to maintaining a diversified investment portfolio to support longterm income generation and capital growth, ensuring financial sustainability well into the future.

Bank Interest: £95k

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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The assets and liabilities of our charity as at 31st March 2025 are stated below:

Fixed Assets

Predominantly comprise of investments held in a low-risk portfolio, managed by Investec Wealth and Investment Limited, an intangible asset relating to our ThankQ Customer Relationship Management software, and IT server forming a tangible asset, and Marlborough House o!ce space (purchased in 2019/20).

Net current assets

Represent cash held on deposit plus other assets of the charity reasonably expected to be turned into cash, such as trading stock and debts due to be recovered, less any outstanding liabilities and expenses chargeable in year.

Unrestricted Undesignated Income Funds

Such funds available to be spent at the discretion of the Charity and its Trustees with non-binding preferences of donors.

Unrestricted Designated Income Funds

----- Start of picture text -----
2024/25 2023/24
Fixed Assets £7,075,868 £6,759,421
Net Current Assets £3,674,239 £1,740,266
Non Current Liabilities £- £-
Total Net Assets £10,750,107 £8,499,687
Unrestricted Undesignated Income Funds £3,901,826 £3,123,280
Unrestricted Designated Income Funds £5,519,023 £4,669,344
Restricted Income Funds £1,230,530 £661,779
Profit Retained in Subsidiary £98,728 £45,284
Total funds £10,750,107 £8,499,687
----- End of picture text -----

Designated funds are approved by the Board in support of particular areas of future expenditure, including strategically important initiatives but sometimes reflecting the non-binding wishes of donors, and may be reassigned or released back to general reserves at any time at the discretion of the Board.

Restricted Income Funds

Represent money which we can only use for specified purposes, as per the donor’s wishes

Pro�t Retained in Subsidiary

This relates to retained profits from the Theo Bear trading subsidiary.

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Reserves Policy

Reserves describe that part of our charity’s funds which are freely available and exclude restricted funds, endowments and any part of unrestricted funds not readily available for spending such as �xed assets.

Trustees have established a reserves policy in order to:

Reserves at the end of the reporting period are calculated as follows:

----- Start of picture text -----
2024/45 2023/24
Total Unrestricted Funds of £9,519,577 £7,837,908
Less: Designated Funds of £5,519,023 £4,669,344
Less: Fixed Assets of £462,293 £497,188
Total Reserves £3,538,261 £2,671,376
----- End of picture text -----

The charity aims to hold undesignated reserves su!cient to cover six months operational costs with an aspiration to hold more where there is no impact on immediate funding requirements. On this basis the estimated requirement for six months’ operational expenditure, including wages and core running costs, equates to circa £870,000. Designated funds for specific projects could potentially be redirected if the need arose.

Available reserves are calculated as the part of our charity’s unrestricted freely available after accounting for designated funds earmarked for specific projects. At the year end, Trustees have maintained somewhat higher general unrestricted, undesignated reserves in the knowledge that the funding requirement for our current appeals are significant commitments, and specific funding requirements are being agreed with the Trust.

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Grant Making Policy

Funded projects are decided upon by the Trustees of the charity in line with our objectives. Projects we fund must support and enhance the work of the Trust and not undermine the provision of the NHS. Grants are made in accordance with charity law, our constitution and the wishes and directions of donors. In making grants, we endeavour to reflect the wishes of patients and staff by directing funds towards areas most in need.

General funds (undesignated) – these funds are received by the charity with no particular preference expressed by donors. Grants can be targeted on projects in areas of the hospital that do not have available designated funds to assist them.

Designated funds – are approved by the Board in support of particular areas of future expenditure, including strategically important initiatives but sometimes reflecting the nonbinding wishes of donors, and may be reassigned or released back to general reserves at any time at the discretion of the Board

Designated research funds – these are funds which are designated for specified research projects. Applications are invited once per year. Grants are normally awarded for between twelve months and three years.

Risk Management

Our Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust and are satisfied that systems are in place to mitigate our exposure to the major risks.

The current economic climate, coupled with ongoing global uncertainties—such as international conflicts and the rising cost of living—continues to present risks to the charity. These risks are actively managed through regular reviews of the investment portfolio in collaboration with our investment managers, ensuring both risk exposure is minimised and ethical standards are upheld. In line with this, the Trustees maintain a risk-averse investment strategy, favouring a low-risk portfolio. The charity’s future financial performance and position will be influenced by wider economic conditions, both in terms of the stability and returns of our investments, and the capacity of donors to continue their support. While proactive measures are in place to mitigate these risks, they cannot be eliminated entirely and may impact our ability to achieve key objectives in the short to medium term.

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Report of the Board of Trustees

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The Board of Trustees present their annual report together with the consolidated �nancial statements of the Charity and its subsidiary for the year ending 31 March 2025 which are also prepared for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2016, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Directors of the charitable company are its Trustees for the purposes of charity law. The Trustees who have served during the year and since the year end are detailed in the Reference and administrative details opposite.

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

Board of Trustees

Jonathan McMahon (Chair)

Professor David Barnett Ruth Brown

Professor Amaka O!ah

Mark Rooker

Rachel White

Peter Hartland (appointed 1st October 2024)

Adam Gillett (appointed 2nd December 2024)

Matthew Currie (appointed 2nd December 2024) Louise Lumley (appointed 2nd December 2024) Charlotte Acevedo (appointed 2nd December 2024) John Warner (resigned 1st March 2025)

Charity Registration Number: 505002

Company Number: 01224751 (England and Wales)

Registered O�ice and Address of Principal O�ice:

The Children’s Hospital Charity, She!eld Children’s Hospital, Western Bank, She!eld, S10 2TH

Company Secretary: John Armstrong (also Chief Executive O!cer)

Auditors: Hawsons Chartered Accountants, Statutory Auditors, Pegasus House, 463A Glossop Road,She!eld, S10 2QD

Bankers: Lloyds TSB Bank plc, Church Street, She!eld, PO Box 1000, BX1 1LT

Investment Management: Rathbones Group Plc (formerly known as Investec), Beech House, 61 Napier Street, She!eld, S11 8HA

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Our fundraising practices

The Children’s Hospital Charity aim for the highest standards in all fundraising activities undertaken. Our dedicated team of fundraisers organise fundraising events and co-ordinate the activities of our supporters across the hospital and in the wider community both regionally and beyond.

We are registered with the Fundraising Regulator and are committed to complying with its Fundraising Promise for their donors and the public. The Charity have agreed to ensure their fundraising is legal, open, honest and respectful and that the Fundraising Regulator badge is displayed on fundraising material to show the commitment to good practice.

Our team will do all they can to ensure that their fundraisers, volunteers and any third parties comply with all fundraising regulations and this promise to their supporters. The Charity does not carry out telephone or door to door fundraising, ensuring that activities are not unreasonably intrusive or persistent. During the year there have been no failures to comply with the standards.

The Children’s Hospital Charity is registered with the Fundraising Preference Service (FPS) and donors can update their fundraising mailing preferences through this scheme at any time. We monitor donations made to our charity using our CRM donor management system.

During the year we received no formal complaints as a result of our fundraising activities. We do, however, know that there may be times when we don’t meet our own high standards. If this does happen, we want to know about it, deal with it and hopefully stop it from happening again. We take complaints very seriously and we are always grateful to hear from people who are willing to take the time to help us be even better. Details of our complaints procedure is available on The Children’s Hospital Charity website.

The Children’s Hospital Charity do not accept donations if they know or have good reason to believe that a donor lacks capacity to make a decision to donate, or is in vulnerable circumstances and therefore unable to make an informed decision. Under 18s cannot independently fundraise for the Charity without an adult.

Our Structure, Governance and Management

The Children’s Hospital Charity is a registered charity, number 505002, and a company limited by guarantee. It is governed by its Memorandum & Articles of Association (dated 1975 and subsequently in 2017).

The members of the Board of Trustees, as de�ned in the memorandum and articles, act as the Directors of the company and, as the organisation is a registered charity, act also as its charitable trustees. The members of the company are responsible for the election of the Board of Trustees.

Members of the Board of Trustees are elected for a four year period and can be eligible for reelection at the third AGM. Newly appointed members are instructed in their duties by the Chair of the charity and the Charity Director issues a Trustee Pack that informs them of their legal responsibilities and the expectations from the charity in their role as Trustee.

Members of the Board of Trustees at the date of approval of this report are listed on page 31. Each member has an equal voting right.

No Trustee received any remuneration from the charity in the financial year 2024/25.

Organisational Structure

The Children’s Hospital Charity is currently administered by a board of 11 unpaid Trustees which is made up of representatives from the hospital and the wider community. The Chief Executive Officer, reports directly to The Board of Trustees and manages the day-to-day business of the charity along with 43 employees (29 full-time, 14 part-time) and several regular volunteers.

Trustees are elected or co-opted by the Board for terms of up to 4 years (renewable) in accordance with the updated Articles of Association dated June 2016 (subsequently updated in 2017).

Key management personnel as described throughout are the members of the senior management team who control the day-to-day operation of the charity. The pay for the Chief Executive O!cer is agreed by the charity Trustees and the pay and conditions for the rest of the key management personnel is set by the Chief Executive O!cer, with overall budget agreed with Trustees. The pay and conditions of key management personnel are benchmarked against similar positions in the sector.

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Responsibilities of Our Board of Trustees

The Board of Trustees (who are also directors of The Children’s Hospital Charity for the purposes of company law and trustees for the purposes of charity law) are responsible for preparing the Board of Trustees’ Annual

in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Board of Trustees to prepare financial statements for each financial 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 these financial statements, the Board of Trustees are required to:

Auditors

Hawsons have indicated that they are willing to be reappointed at the forthcoming Annual General Meeting. We approve Trustees’ Annual Report in our capacity as company directors.

On behalf of the Board of Trustees

Jonathan Mcmahon Chairman

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

In so far as the Board of Trustees are aware:

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Independent Auditor’s Report to the Trustees of The Children’s Hospital Charity Ltd

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Independent Auditor’s Report to the Members of The Children’s Hospital Charity Ltd

Opinion

We have audited the financial statements of The Children’s Hospital Charity Ltd (the ‘parent charity’) and its subsidiary (the ‘group’) for the year ended 31 March 2025, which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

charity’s ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s 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.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

Responsibilities of trustees

As explained more fully in the set out on page 33, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern

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and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

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

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The charity is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the charity and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Charities Act 2011 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the charity’s result for the period, and management bias in key accounting estimates.

Audit procedures performed by the engagement team included:

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

A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-auditof-the-fi/description-of-the-auditor’s-responsibilities-for. This description forms part of our auditor’s report.

Use of our report

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

....................................................................

Simon Bladen (Senior Statutory Auditor)

For and on behalf of Hawsons Chartered Accountants, Statutory Auditor

Pegasus House 463a Glossop Road

She!eld

South Yorkshire

S10 2QD

30/09/2025

Date:...........................................................

Hawsons Chartered Accountants is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

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The Consolidated Statement of Financial Activities

(incorporating an Income and Expenditure Account)

----- Start of picture text -----
For the year ended 31 March 2025
Unrestricted Restricted
31 March 2025 31 March 2024
Note Funds Funds
£ £
£ £
Income and endowments from
Donations and Legacies 3 3,384,193 666,546 4,050,739 3,021,875
Other trading activities 3 891,770 - 891,770 687,344
Investments 2,3 475,082 - 475,082 300,765
Other 3 - - - -
Total 4,751,045 666,546 5,417,591 4,009,984
Expenditure on
-
Raising Funds 2, 4, 5 1,940,222 1,940,222 1,695,345
Charitable activities 4 1,139,509 97,795 1,237,304 5,313,647
Other 4 23,419 - 23,419 27,346
Total 3,103,150 97,795 3,200,945 7,036,338
Net gains/(losses) on investments 11 33,774 - 33,774 133,396
Net (expenditure) / income 1,681,669 568,751 2,250,420 (2,892,958)
Transfers between funds - - - -
Net movement in funds 1,681,669 568,751 2,250,420 (2,892,958)
Reconciliation of funds
Total funds brought forward 17, 18 7,837,908 661,779 8,499,687 11,392,645
Total funds carried forward 9,519,577 1,230,530 10,750,107 8,499,687
----- End of picture text -----

All incoming resources and resources expended derive from continuing activities.

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

The notes on pages 42- 62 form part of these accounts.

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Statement of Financial Activities

(incorporating an Income and Expenditure Account)

----- Start of picture text -----
For the year ended 31 March 2025
Unrestricted
Restricted Funds 31 March 2025 31 March 2024
Note Funds
£ £ £
£
Income and endowments from
Donations and Legacies 3 3,384,193 666,546 4,050,739 3,021,875
Other trading activities 3 601,779 - 601,779 492,836
Investments 3 507,467 - 507,467 376,072
Other 3 - - - -
Total 4,493,439 666,546 5,159,985 3,890,783
Expenditure on
-
Raising Funds 4, 5 1,736,060 1,736,060 1,535,833
Charitable activities 4 1,139,509 97,795 1,237,304 5,313,647
Other 4 23,419 - 23,419 27,346
Total resources expended 2,898,988 97,795 2,996,783 6,876,826
Net gains/(losses) on investments 11 33,774 - 33,774 133,396
Net income 1,628,225 568,751 2,196,976 (2,852,647)
Transfers between funds - - - -
Net movement in funds 1,628,225 568,751 2,196,976 (2,852,647)
Reconciliation of funds
Total funds brought forward 17, 18 7,792,624 661,779 8,454,403 11,307,050
Total funds carried forward 9,420,849 1,230,530 10,651,379 8,454,403
----- End of picture text -----

All incoming resources and resources expended derive from continuing activities.

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

The notes on pages 42-62 form part of these accounts.

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Balance sheet as at 31 March 2025

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The Group The Charity companies regime. 31 March 2025 31 March 2024 31 March 2025 31 March 2024 Note £ £ £ £ Charities Act 2011. Fixed assets ~~ee~~ Intangible assets 9 37,339 49,676 37,339 49,676 ~~a CC~~ Tangible assets 10 424,954 447,512 424,954 447,512 ~~a~~ Investments 11 6,613,575 6,262,233 6,616,575 6,265,233 ~~a~~ 7,075,868 6,759,421 7,078,868 6,762,421 ~~wate ee~~ Mr J Mcmahon, Chairman Current Assets ~~——_____<_i~~ Stocks 2, 13 30,996 35,413 - - ~~CO~~ Debtors 2, 12 1,319,430 834,371 1,388,639 918,618 ~~OC~~ Cash at bank and in hand 3,222,556 2,517,141 2,980,481 2,401,856 ~~a CC~~ Total current assets 4,572,982 3,386,925 4,369,120 3,320,474 ~~a a~~ Liabilities Creditors falling due within one year 2, 14 (898,743) (1,646,659) (796,609) (1,628,492) ~~a~~ Net current assets 3,674,239 1,740,266 3,572,511 1,691,982 - - - - Creditors falling due after one year 2, 15 ~~aSC a a~~ Total net assets or liabilities 10,750,107 8,499,687 10,651,379 8,454,403 ~~a~~ The funds of the charity ~~ee~~ Unrestricted income funds 17 9,519,577 7,837,908 9,420,849 7,792,624 ~~CO~~ Restricted income funds 18 1,230,530 661,779 1,230,530 661,779 ~~a CCA~~ Total funds 10,750,107 8,499,687 10,651,379 8,454,403

As this company is a charity, it is subject to audit under the Charities Act 2011.

Approved and authorised for issue by the Board of Trustees on

29th September 2025 and signed on its behalf by:

Mr J Mcmahon, Chairman

The notes on pages 42-62 form part of these accounts.

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Consolidated Cash Flow Statement as at 31 March 2025

----- Start of picture text -----
31 March 2025 31 March 2025 31 March 2024 31 March 2024
£ £ £ £
Cash �ows from operating activities
Net cash provided by (used in) operating activities 650,977 (3,853,609)
Cash �ows from �nancing activities
Loans received - -
-
Repayment of bank borrowings (319,641)
-
Interest paid (13,275)
Net cash provided by (used in) �nancing activities - (332,916)
Cash �ows from investing activities
Payments to acquire tangible fixed assets (5,910) (14,261)
Purchase of investments (1,770,874) (5,398,682)
Sale of investments 1,464,505 5,259,510
Investment cash movement (11,199) 115,269
Interest receivable 228,975 95,051
Dividends receivable 148,941 137,793
Net cash provided by (used in) investing activities 54,438 194,680
Net increase in cash and cash equivalents 705,415 (3,991,845)
Cash and cash equivalents at 1 April 2024 2,517,141 6,508,986
Cash and cash equivalents at 31 March 2025 3,222,556 2,517,141
Cash and cash equivalents consists of
Cash at bank and in hand 3,222,556 2,517,141
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Reconciliation of net income to net cash �ow from operating activities

----- Start of picture text -----
2025 2024
£ £
Net income for the reporting period (as per
2,250,420 (2,892,958)
the statement of �nancial activities)
Dividends received (148,941) (137,793)
Interest receivable (228,975) (95,051)
-
Interest payable 13,275
(Gains)/losses on investments (33,774) (133,396)
(Increase)/decrease in stock 4,417 12,894
(Increase)/decrease in debtors (485,059) (172,755)
Increase/(decrease) in creditors (747,916) (491,242)
- -
Loss on disposal
Depreciation & amortisation charge 40,805 43,417
Net cash �ow from operating activities 650,977 (3,853,609)
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2025 Cash Flows 2024
Analysis of changes net debt
£ £ £
Cash at bank and in hand 3,222,556 705,415 2,517,141
Borrowings
- - -
Bank borrowings due within one year
- - -
Bank borrowings due after one year
Total net debt 3,222,556 705,415 2,517,141
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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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Notes to the �nancial statements for the year ended 31 March 2025

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1. Accounting Policies

Basis of Preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities (applicable to charities preparing their accounts in accordance with FRS 102), including amendments from Update Bulletin 1 issued on 2 February 2016. They also comply with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006, and UK Generally Accepted Accounting Practice (UK GAAP).

The charity is classified as a public benefit entity under FRS 102.

The financial statements have been prepared on a going concern basis, using the historical cost convention, except for listed investments, which are stated at market value.

All amounts are presented in pounds sterling, which is the functional currency of the charity.

The significant accounting policies applied in preparing these financial statements are set out below. These policies have been applied consistently across all years presented, unless otherwise stated.

Basis of Consolidation

The consolidated Statement of Financial Activities and Balance Sheet include the financial results and position of the charity and its subsidiary undertaking for the year ended 31 March 2025. The results of the subsidiary have been consolidated on a line-by-line basis, meaning the income, expenditure, assets, and liabilities of the subsidiary are included in full within the group accounts.

Statutory Information

The Children’s Hospital Charity Ltd is a registered charity in England and Wales (Charity No. 505002) and a company limited by guarantee (Company No. 01224751), incorporated and domiciled in England and Wales.

The registered o!ce is located at:

The Children’s Hospital Charity

Western Bank

She�ield S10 2TH

Company Status

The charity is a private company limited by guarantee. In the event of the company being wound up, each member’s liability is limited to £1. This represents the maximum amount each member agrees to contribute towards the charity’s debts and liabilities.

Funds

Unrestricted funds are funds that can be used at the discretion of the Trustees to further the general objectives of the charity. These funds are not subject to any specific donor-imposed restrictions. Within unrestricted funds, designated funds represent amounts that are approved by the Board in support of particular areas of future expenditure, including strategically important initiatives but sometimes reflecting the non-binding wishes of donors, and may be reassigned or released back to general reserves at any time at the discretion of the Board. The purpose and use of each designated fund are detailed in the notes to the financial statements.

Restricted funds are subject to specific conditions imposed by donors or raised for particular purposes. These funds must be used in accordance with those restrictions. All associated costs, including the cost of raising and administering such funds, are charged to the relevant restricted fund. Further details of each restricted fund are provided in the notes to the financial statements.

Government Grants

Grants received for the purpose of funding capital projects or expanding the charity’s operations are amortised over the expected useful economic life of the related assets or projects.

Grants relating to revenue expenditure are recognised as income in the period in which they become receivable.

Incoming Resources

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

Legacy income is recognised when it becomes probable that the charity will receive the funds. This is normally the case when:

  1. Probate has been granted;

  2. The executors have confirmed that there are su!cient assets in the estate to pay the legacy after settling liabilities; and

  3. Any conditions attached to the legacy are within the charity’s control or have been fulfilled.

Legacies are included as income when the above criteria are met. Where legacies have been notified but the recognition criteria are not yet met, they are treated as contingent assets and

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Going Concern

The financial statements have been prepared on a going concern basis. Although the charity faces significant challenges in its operating environment, the Trustees are satisfied that there are no material uncertainties that cast doubt on the charity’s ability to continue operating.

In reaching this conclusion, the Trustees have reviewed the charity’s current funds, as well as the expected income and expenditure over the 12 months following the approval of these financial statements, and believe that the charity will have adequate resources to continue its activities for the foreseeable future.

Donated Goods, Facilities and Services

Donated facilities and professional services are recognised as income at their fair value when it is probable that the charity will receive the economic benefit, the value can be measured reliably, and the charity has control over the resource.

The fair value is determined based on the value of the gift to the charity, typically representing the amount the charity would expect to pay for such facilities or services in the open market. A corresponding amount is recognised as expenditure in the Statement of Financial Activities.

She!eld Children’s NHS Foundation Trust provides o!ce accommodation, facilities, and administrative support to the charity free of chrge.

Use of Volunteers

In accordance with the SORP (FRS 102), no monetary value is included in the financial statements for the time donated by volunteers. Further details about volunteer contributions are provided in the Trustees’ Annual Report.

Volunteers donate their time to assist with fundraising activities and administrative support. Additionally, goods such as toys and Easter eggs are periodically donated to the charity; these items are recognised in the financial statements where their value can be reliably measured.

Fundraising and Trading Activities

Income from trading activities includes revenue generated from fundraising events and other trading activities carried out to support the charity’s objectives. Income is recognised when the charity has entitlement to the funds, typically at the point goods or services are supplied.

Investment Income

Investment income is generated from holding assets such as shares and gilts and includes dividends and interest. Where it is not practicable to identify investment management costs within a scheme with reasonable accuracy, investment income is reported net of such costs. Income is recognised when it can be measured reliably.

Interest income is recognised using the effective interest method, while dividend income is recognised when the charity’s right to receive payment is established.

The Trustees have adopted an investment policy focused on a low-risk portfolio comprising stocks, shares, and gilts. Investments are initially recognised at fair value, typically the transaction

price excluding transaction costs. Subsequently, investments are measured at fair value, with changes in value recognised in the Statement of Financial Activities as ‘net gains/(losses) on investments’, provided the investments are publicly traded or their fair value can be reliably measured.

Investments in subsidiaries or other non-publicly traded investments are measured at cost less any impairment.

The Statement of Financial Activities includes net gains and losses arising from revaluations and disposals of investments during the year.

Resources Expended

All expenditure is recognised on an accruals basis, with the exception of grants, which are accounted for in the period when the charity makes a formal commitment to provide grant aid.

Expenditure is allocated to specific activities where costs can be directly attributed. Overhead and central support costs, including the cost of overall direction, are charged to the unrestricted fund.

Tangible/Intangible �xed assets and depreciation

Tangible and intangible fixed assets are initially recognised at cost, less accumulated depreciation or amortisation. Intangible assets, which include software and trademarks, are recognised only when it is probable that future economic benefits will flow to the charity and the cost of the asset can be measured reliably.

Depreciation and amortisation are charged to write off the cost of assets, less their estimated residual value, over their expected useful lives on a straight-line basis as follows:

Depreciation or amortisation begins when the asset is brought into use by the charity.

Designated Funds

The Management Committee has designated certain unrestricted funds for specific purposes. Movements on these designated funds during the year are disclosed in Note 17 to the financial statements.

Stocks

Stocks are valued at the lower of cost and net realisable value, with cost determined on a first-in, first-out (FIFO) basis.

Irrecoverable VAT

Costs are recorded inclusive of VAT to the extent that VAT is not recoverable by the charity.

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Pension Costs

The charity makes contributions to a defined contribution pension scheme. Contributions payable are recognised as an expense in the Statement of Financial Activities in the period to which they relate.

Debtors

Debtors are measured at the amount due, less any provision for doubtful debts. They include prepayments and accrued income.

Creditors

Creditors comprise amounts invoiced to the charity but not yet paid, as well as accrued expenses and unspent research grants.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires Trustees and management to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses.

These estimates and judgements are based on historical experience and other factors that are considered reasonable under the circumstances. However, actual outcomes may differ from these estimates.

Critical accounting estimates and assumptions: The charity recognises that accounting estimates and assumptions about the future are inherently uncertain and that the actual results may vary from those estimates.

Liabilities are recognised when there is a legal or constructive obligation committing the charity to the expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Financial Instruments

Financial assets and financial liabilities arising from contracts for the purchase or sale of nonfinancial items are recognised when the related performance obligations have been fulfilled.

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2. Results of trading subsidiary

The charity has one wholly-owned trading subsidiary, Theo Bear Trading Company Limited, a company incorporated in the UK. Its results are summarised below:

----- Start of picture text -----
2025 2024
£ £
Turnover 289,797 191,659
Cost of sales (200,629) (156,495)
Gross pro�t 89,168 35,164
Administration expenses (3,339) (3,017)
- -
Other operating income
Operating Profit/(loss) 85,829 32,147
Interest receivable 2,611 2,849
Retained pro�t/(loss) for the year 88,440 34,996
Retained profits brought forward 45,284 85,595
Gift Aid distribution to Charity (34,996) (75,307)
Retained pro�t/(loss) carried forward 98,728 45,284
Net Assets 98,728 45,284
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2025 2024
Current assets
Stocks 30,996 35,413
Debtors 132,020 12,307
Cash in hand 242,075 115,285
405,091 163,005
Creditors
Amounts falling due within one year (303,363) (114,721)
Net current assets 101,728 48,284
- -
Amounts falling due after more than one year
Total net assets or liabilities 101,728 48,284
Capital and reserves
Called up share capital 3,000 3,000
Retained earnings 98,728 45,284
Shareholder’s funds 101,728 48,284
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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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3. Income

----- Start of picture text -----
Unrestricted Restricted 2025 2024
£ £ £ £
Donations and legacies
Donations & gifts 2,358,848 633,217 2,992,065 2,390,823
Legacies 1,025,345 33,329 1,058,674 631,052
Total Donations and legacies 3,384,193 666,546 4,050,739 3,021,875
Other trading activities
-
Trading Income 289,991 289,991 194,508
-
Fundraising and event income 601,779 601,779 492,836
Total Other trading activities 891,770 - 891,770 687,344
Investment income
Dividends 148,941 - 148,941 137,793
Interest 228,975 - 228,975 95,051
- - -
Gain on disposal (179,142)
Current Account Interest 11,160 - 11,160 24,788
-
Treasury Call Account Interest 83,395 83,395 222,275
Gift Aid from Theo Bear Trading Company Limited -
34,996 34,996 75,307
(removed on consolidation)
Total Investment income 507,467 - 507,467 376,072
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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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4. Expenditure

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Unrestricted Restricted 2025 2024
£ £ £ £
Expenditure on raising funds
-
Costs of raising donations 1,592,293 1,592,293 1,407,398
-
Trading company costs 204,162 204,162 159,512
Event costs 143,767 - 143,767 128,435
-
Investment related expenditure 23,419 23,419 27,346
Total Expenditure on raising funds 1,963,641 - 1,963,641 1,722,691
Grant funding Support 2025 2024
£ £ £ £
Charitable activities
-
Designated Fund Grants 548,949 548,949 3,139,124
Restricted Fund Grants 97,684 - 97,684 1,927,801
Research: allocations 342,611 - 342,611 216,565
Research: written back (23,320) - (23,320) (15,365)
-
Support Costs 271,380 271,380 45,522
Total Charitable activities 965,924 271,380 1,237,304 5,313,647
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6. Remuneration of the Board of Trustees

5. Resources expended

----- Start of picture text -----
2025 2024
£ £
Allocation of Support costs
Governance 10,178 8,717
Information Technology 9,196 9,179
Human Resources 228,900 3,955
O!ce Costs 11,758 16,087
Other 11,348 7,584
Total Support costs 271,380 45,522
The basis of allocation is staff time spent. Human
Resources cost as part of support costs now
includes allocated staff costs.
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None of the Board of Trustees members received any remuneration or were reimbursed any out of pocket expenses in the year (2024/25: £0).

----- Start of picture text -----
Total Support costs 271,380 45,522
The basis of allocation is staff time spent. Human
Resources cost as part of support costs now
includes allocated staff costs.
2025 2024
£ £
Governance costs
Auditor’s remuneration 15,900 15,313
Other 32,118 26,197
Total Governance costs 48,018 41,510
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7. Sta� costs

----- Start of picture text -----
2025 2024
£ £
Basic salary 1,146,817 947,485
Social Security costs 114,746 91,771
Pension costs 105,178 83,749
Total Sta� costs 1,366,741 1,123,005
The average number of employees, calculated
on a full-time equivalent basis, analysed by
function:
2025 2024
Cost of raising voluntary income 29 24
Charitable activities 6 6
Total 35 30
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----- Start of picture text -----
The number of employees’ whose employee
benefits (excluding employers pension costs)
exceeded £60,000 was:
2025 2024
- -
In the band £60,001 - £70,000
In the band £70,001 - £80,001 1 1
1 1
----- End of picture text -----

Total remuneration of key management personnel in the year was £440,795 (2023/24 £400,302).

Key management personnel comprises the Trustees and seven (2023/24: seven) members of the management team, which at the year end comprises the sta� members listed below:

8. Pensions

For all staff members the charity operates a defined contribution pension plan. The amount recognised as an expense in year was £105,178 (2023/24: £83,749).

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9. Intangible assets

10. Tangible �xed assets

----- Start of picture text -----
Charity and Charity
Group O�ice and Group Total
Equipment Buildings £
£ £
Cost
At 1 April 2024 104,859 495,343 600,202
-
Additions/Write-off 5,910 5,910
At 31 March 2025 110,769 495,343 606,112
Depreciation
At 1 April 2024 68,481 84,209 152,690
Depreciation in year 8,655 19,813 28,468
At 31 March 2025 77,136 104,022 181,158
Net book value at 31 March 2025 33,633 391,321 424,954
Net book value at 31 March 2024 36,378 411,134 447,512
Note: Total Depreciation in year
expensed to the Cost of Raising
Donations (£23,538) and Support
Costs (£4,930).
----- End of picture text -----

----- Start of picture text -----
£
Cost
At 1 April 2024 123,374
Additions -
-
Disposals
At 31 March 2025 123,374
Amortisation
At 1 April 2024 73,698
Amortisation in year 12,337
At 31 March 2025 86,035
Net book value at 31 March 2025 37,339
Net book value at 31 March 2024 49,676
Note: Amortisation in year expensed to the Cost of Raising
Donations (£10,201) and Support Costs (£2,136).
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11. Fixed asset investment

----- Start of picture text -----
Listed Other
Total
Investments Investments
£
£ £
Cost or valuation
At 1 April 2024 6,262,233 3,000 6,265,233
Additions 1,770,874 - 1,770,875
-
Disposals (1,464,505) (1,464,505)
Movement in cash held 11,199 - 11,199
-
Realised gain/(loss) 17,497 17,497
-
Unrealised gain/(loss) 16,277 16,277
At 31 March 2025 6,613,575 3,000 6,616,575
Carrying amount at 31 March
6,613,575 3,000 6,616,575
2025
----- End of picture text -----

----- Start of picture text -----
2025 2024
£ £
Investments at fair value
(determined by reference
to the quoted market value
at the balance sheet date)
compromises:
The Charity
Shares in subsidiary undertaking 3,000 3,000
- -
Equities / Bond Funds
Securities 6,148,299 5,928,239
Cash within investment portfolio 465,276 333,994
Total 6,616,575 6,265,233
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Other investments: a 100% holding in the ordinary share capital of Theo Bear Trading Company Ltd (co. no. 02946773) registered o!ce The Children’s Hospital Charity, Western Bank, She!eld, S10 2TH, are quoted at cost. The results of this company are included in the consolidated financial statements.

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12. Debtors

----- Start of picture text -----
The Group The Charity
31 March 2025 31 March 2024 31 March 2025 31 March 2024
£ £ £ £
Amounts due within the year
Trade Debtors 9,453 12,307 - -
Prepayments and accrued income
Amounts due < 1 year 1,309,977 822,064 1,187,216 822,064
- -
Amounts owed by group undertakings 201,423 96,554
Total Debtors 1,319,430 834,371 1,388,639 918,618
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13. Stock

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The Group The Charity
31 March 2025 31 March 2024 31 March 2025 31 March 2024
£ £ £ £
- -
Stock of goods for resale 30,996 35,413
Total Stock 30,996 35,413 - -
All stock held is for resale.
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14. Creditors: amounts falling due in less than one year

----- Start of picture text -----
The Group The Charity
31 March 2025 31 March 2024 31 March 2025 31 March 2024
£ £ £ £
Trade Creditor 329,075 167,999 323,557 167,681
Creditors, accruals and deferred income 181,804 1,100,942 116,667 1,099,059
Tax and Social Security 56,080 34,890 24,601 18,924
Amounts committed to projects 331,784 342,828 331,784 342,828
Total Creditors: amounts falling due in less than one year 898,743 1,646,659 796,609 1,628,492
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15. Creditors: amounts falling due after more than one year

----- Start of picture text -----
The Group The Charity
31 March 2025 31 March 2024 31 March 2025 31 March 2024
£ £ £ £
- - - -
Creditors, accruals and deferred income
- - - -
Charity bank loan
- - - -
Total Creditors: amounts falling due after more than one year
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16. Capital

The company is a company limited by guarantee not having a share capital. Accordingly, the company has no shareholders and no reconciliation of movements in shareholders’ funds has been presented.

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17. Unrestricted funds

----- Start of picture text -----
Expenditure Balance
Balance Incoming
and Grants Transfers 31 March
1 April 2024 Resources
Committed £ 2025
£ £
£ £
Designated
A&E 423,171 13,560 - 271 437,002
-
Active Challenge 155,606 1,745 (97,351) 60,000
Building a Better Future (was Make it - -
2,183,979 89,576 2,273,555
Better)
-
Haematology & Oncology 163,143 67,057 (11,007) 219,193
Mental Health and Wellbeing Patients -
122,903 339,035 (7,654) 454,284
and Staff
National Centre for Child Healthcare
- -
77,915 566,359 644,274
Technology NCCHT
-
PCCU (was ICU & HDU) 64,652 15,091 (16,834) 62,909
-
Special Projects Grants 241,109 1,668 (30,695) 212,082
-
Ward 5 (formerly S2 - Neurosciences) 221,728 27,334 (8,767) 240,295
Other Designated Funds 1,015,138 208,923 (723,522) 414,890 915,429
Total designated funds 4,669,344 1,330,348 (798,479) 317,810 5,519,023
Undesignated funds 3,123,280 3,163,091 (2,066,735) (317,810) 3,901,826
Total unrestricted funds - Charity 7,792,624 4,493,439 (2,865,214) - 9,420,849
Profit retained in subsidiary 45,284 98,728
Total unrestricted funds - Group 7,837,908 9,519,577
----- End of picture text -----

----- Start of picture text -----
Name of Description of designated fund
designated fund
Building a Better The Children’s Hospital Charity’s mission
Future (was Make it is to transform She!eld Children’s NHS
Better) Foundation Trust, this fund is used to
support key current and future capital
projects.
Other designated Any charitable purpose relating to the
funds service or department specified in the
name of the fund.
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18. Restricted funds

----- Start of picture text -----
Balance Balance
Incoming
1 April Expenditure Transfers 31 March
Resources
2024 £ £ 2025
£
£ £
-
Artfelt Becton Courtyard 93,081 4,895 (3,133) 94,843
- - -
Art+ Workshops Art+ Anywhere 2,125 2,125
-
Art+ Workshops Becton Grow 5,078 1,999 (5,000) 2,077
Art+ Big Give - 1,936 (1,107) - 829
- - -
Art+ Xray 33,173 33,173
Artfelt Workshops Co-op Community Fund 109 - (109) - -
Artfelt Workshops National Foundation for 6,455 320 (1,440) - 5,335
Youth Music
Artfelt Workshops Sarah Nulty Power of - 500 (500) - -
Music Foundation
Artfelt Workshops St James’ Place - -
1,460 (222) 1,238
Foundation
Artfelt Workshops Wallace & Gromit’s 1,930 - (1,500) - 430
Children’s Foundation
-
B-floor Garden 99,997 5,429 (3,000) 102,426
Bone Research 12,406 675 - - 13,081
- - -
Chaplaincy 1,788 1,788
- -
Child’s Play Charity Gaming Equipment 14,445 (470) 13,975
Children’s Brain Disorders Research 3,056 - - - 3,056
Community Exercise Therapist 11,236 611 - - 11,847
- -
Cystic Fibrosis (CFCF) 43,720 2,378 46,098
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----- Start of picture text -----
Balance Balance
Incoming
1 April Expenditure Transfers 31 March
Resources
2024 £ £ 2025
£
£ £
Diabetes Type 1 8,854 482 - - 9,336
- - -
Legacy NSU 10,000 10,000
Leukaemia Research 19,175 1,043 - - 20,218
- -
Leukaemia and Oncology Restricted 96,573 5,252 101,825
-
Medical Equipment 95,357 3,694 (33,632) 65,419
Memorial Garden 50 - - - 50
National Centre for Child Health
23,789 504,722 - 593 529,104
Technology NCCHT
Build it Better 593 - - (593) -
Plastic Surgery 521 - - - 521
PLRS 52,255 39,308 (14,670) - 76,893
Research & Innovation - 111 (111) - -
Research The Tom Bowdidge Youth Cancer -
7,279 5,055 (6,223) 6,111
Foundation
Ryegate Centre Legacy 10,499 571 - - 11,070
- - -
Sensory Mobility Equipment 23,327 23,327
- - -
Sleep Medical Equipment 1,722 1,722
- -
Speech Therapy 4,012 (1,857) 2,155
Staycation Packs 7,295 397 - - 7,692
Theo’s Burns Club - 5,039 (3,107) - 1,932
Toms Fund 3,838 - - - 3,838
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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Annual Report 2024/25

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Balance Balance
Incoming
1 April Expenditure Transfers 31 March
Resources
2024 £ £ 2025
£
£ £
- - -
Trust Projects The True Colours Trust 1,548 1,548
Trust Projects Yorkshire Childrens Hospital Fund 20,718 704 (12,355) - 9,067
(Sleep)
Uveitis Clinic 4,156 - - - 4,156
- - -
Ward 6 (Build it Better) restricted donations 2,128 2,128
- Ward 6 Child’s Play 882 - (882) - -
- - -
- Ward 6 IT & Electronic Equipment 3,300 3,300
- Ward 6 Play & Distraction 10,556 480 (4,838) - 6,198
- Ward 6 Staff & Patient Support 4,238 - (3,639) - 599
661,779 666,546 (97,795) - 1,230,530
All restricted funds are represented by cash and
short term deposits.
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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Annual Report 2024/25 Back to contents

Name of restricted fund Description of restricted fund All restricted funds are represented by cash
and short term deposits.
Art+ Big Give To fund Art+ workshops at the Becton Centre during school holidays
Art+ Xray To fund sensory room in Radiology
Art+ Workshops Art+Anywhere To fund activity packs for patients
Art+Workshops Becton Grow To fund the Grow Project at the Becton Centre
Artfelt Workshops:Wallace & Gromit’s
Children’s Foundation		 To fund DJing sessions for patients in conjunction with the Physiotherapy Team which explore
movement and recovery.
Artfelt Becton Courtyard To fund Artfelt refurbishment of Becton Courtyard.
Artfelt Workshops Co-op Community Fund To fund a series of bedside Theatre sketches & interactive games at the Becton centre.
Artfelt Workshops: National Foundation for
Youth Music		 To fund Artfelt Sounds, a programme of music performances and tutorials for patients across
the Trust.
Artfelt Workshops Sarah Nulty Power of Music
Foundation		 To fund music workshops & performances for patients & staf
Artfelt Workshops St James’ Place
Foundation		 To fund Artfelt Anywhere programme.
B-Floor Garden Refurbishment and development of the B-Floor garden.
Bone Research Any charitable purpose relating to Bone Research.
Build it Better Funding towards capital projects.
Chaplaincy Any charitable purpose relating to the Chaplaincy.
Child’s Play Charity Gaming Equipment To fund games consoles, tablets & virtual reality or related technology.
Children’s Brain Disorders Research To fund research into children’s brain disorders, including salaries & equipment.
Community Exercise Therapist To fund an exercise and physical activity therapist in the community team.
Cystic Fibrosis (CFCF) Any charitable purpose relating to Cystic Fibrosis. Donation from Caring for Cystic Fibrosis.
Diabetes Type 1 Any charitable purpose relating to Diabetes Type 1.
Legacy NSU To fund any charitable purpose relating to the Neonatal Surgical Unit.
Leukaemia Research Any charitable purpose relating to Leukaemia Research.
Leukaemia and Oncology Restricted For the beneft of patients undergoing bone marrow treatment.

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Annual Report 2024/25 Back to contents

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Medical Equipment To fund medical equipment.
Memorial Garden To refurbish the Memorial Garden.
NCCHT Funding towards the creation of the new National Centre for Child Health Technology.
Plastic Surgery Any charitable purpose relating to Plastic Surgery.
PLRS Any charitable purpose relating to the Paediatric Limb Reconstruction Service.
Research & Innovation To fund Research projects.
Research - Tom Bowbridge Foundation To research into Desmoplastic small round blue cell tumours.
Ryegate Centre Legacy Any charitable purpose relating to Ryegate Children’s Centre,an assessment and treatment
centre for children with a wide range of neurological and neurodisability needs.
Sensory Mobilty Equipment To fund sensory or mobility equipment
Sleep Medical Equipment To fund medical equipment for the Sleep Department
Speech Therapy A legacy donation for use by the Speech Therapy team.
Staycation Packs Activity packs for patients on the wards.
Toms Fund This fund was set up specifically for donations in memory of Tom Blower and is restricted for use
by the Intensive Care Unit.
The True Colours Trust Grant to make improvements to the Parent Rooms used by Ward 1 & 2 and Ward 5.
Theo’s Burns Club To fund Theo Burns Club activities
Yorkshire Childrens Hospital Fund (Sleep) Sleep monitoring equipment for the Sleep Service Department.
Uveitis Clinic To improve the patient experience of children with Uveitis attending the Uveitis clinic at
She!eld Children’s Hospital.
Building a Better Future (Ward 6 restricted) Funding towards the Cancer & Leukaemia Inpatient Ward development project.
Ward 6 ( Build it Better) Funding towards the Cancer & Leukaemia Inpatient Ward development project provided by
various trusts.
Ward 6 Child’s Play To fund games consoles, tablets & virtual reality or related technology for use on Ward 6.
Ward 6 IT & Electronic Equipment To fund IT & electronic equipment for patients on Ward 6.
Ward 6 Play & Distraction To fund play & distraction items for patients on Ward 6.
Ward 6 Staff & Patient Support To support staff development, patient experience & annual Ward 6 Remembering Day.
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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Annual Report 2024/25 Back to contents

19. Fund descriptions

Unrestricted funds

These funds are amounts which are not yet designated for a particular project by the Board of Trustees but also where no restriction as to how the funds can be expensed has been placed on the funds by the donor.

Designated funds

Designated funds are approved by the Board in support of particular areas of future expenditure, including strategically important initiatives but sometimes reflecting the non-binding wishes of donors, and may be reassigned or released back to general reserves at any time at the discretion of the Board.

Restricted funds

These tend to be a result of one off large donations, regularly from legacies, where the funds are specified to only be spent on a particular type of work. The restrictions do not, usually, restrict the expenditure any further but the Board of Trustees keep a close watch on how these funds are spent and also what opportunities arise to spend the funds on prospective projects.

20. Analysis of group net assets between funds

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2025 2025 2025
Unrestricted Restricted Total
£ £ £
Fixed Assets 7,075,868 - 7,075,868
Cash and current investments 1,992,026 1,230,530 3,222,556
Current assets 1,350,426 - 1,350,426
Current liabilities (898,743) - (898,743)
Total 9,519,577 1,230,530 10,750,107
2024 2024 2024
Unrestricted Restricted Total
£ £ £
Fixed Assets 6,759,421 - 6,759,421
Cash and current investments 1,855,362 661,779 2,517,141
Current assets 869,784 - 869,784
Current liabilities (1,646,659) - (1,646,659)
Total 7,837,908 661,779 8,499,687
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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

Annual Report 2024/25 Back to contents

21. Grants

22. Related Parties

The charity delivers its charitable objectives primarily through the provision of grants to the She!eld Children’s NHS Foundation Trust. These grants support a wide range of initiatives aimed at enhancing patient care, improving facilities, funding specialist equipment, and supporting research and innovation. Total grants awarded to the Trust amounted to £965,924 (2024: £5,268,125).

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2025 2024
The following grants have been made during the year
£ £
Unrestricted funds:
Medical research projects within the She!eld
319,291 201,200
Children’s NHS FT
Charity projects for which there are designated funds 548,949 3,139,124
Support costs allocated 271,380 45,522
Total Grants from unrestricted funds 1,139,620 3,385,846
Restricted funds:
Medical research projects within the She!eld
Children’s NHS FT
Grants made projects for which there are restricted
97,684 1,927,801
funds (note 18)
Total Grants from restricted funds 97,684 1,927,801
Total Grants 1,237,304 5,313,647
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During the year, payments of £21,283 (2024: £23,976) were made towards medical research projects with the She!eld Children’s NHS where C. O!ah is the lead investigator.

23. Contingent Assets

The charity recognises legacy income when it has received notification of the legacy and has su!cient certainty regarding the amount of the receipt. Where there is uncertainty over the amount of the legacy that will be received, income is not recognised until the estate has been finalised by its executors. The charity prudently estimates that income from such legacies will be in the region of £880,000 (2023/24: £315,000) and will recognise this income in future years.

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Sheffield Children’s Hospital Charity is the operating name of The Children’s Hospital Charity Ltd (A company limited by guarantee not having a share capital)

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