Charty registratlon number 700503
THE COVENTRY HOSPITALS CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE COVENTRY HOSPITALS CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Lord C AWeS￿d
Mr J M Higgrtt
Mr P Deeley
Mr J Parbury
Mr J C Ruddi(*
Mr J Mclntosh
Mr C Irwin
Charity number
700503
Reglstsred (ffice
3Mc Middlem*th Business P
Coventry
United Kingdom
CV3 4FJ
Independent examiner
Azets Audri S￿Vi￿s
3Mc Middbemwch Business Pwk
Siskin Drive
Coventry
Untted Kingdom
CV3 4FJ

THE COVENTRY HOSPITALS CHARITY
CONTENTS
Page
Trustèe5 report
Independent examine¢8 r8Wrt
Statement of financial acts"vities
Balance Sheet
Notes to the financial &atements
6-10

THE COVENTRY HOSPITALS CHARITY
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees Fyesent their annual report and fin￿la1 statements for the year ended 31 March 2024.
The financial ststements have been prepared in 8ccordance wtlh the acxounting policies set out in note 1 to the
financial ststements and compty with the charity's tgoverning document], the Charities Ad 2011 and "Accounting
and Reporting by Charities.. Ststement of R￿NnMended Practice applicable to charrties preparing their accounts In
accordance wrth the Financial Reporting Stwthrd applicable in the UK and Republic of Ireland (FRS
102)" {effective 1 January 2019).
Objectlves and actlvltles
The objects of the Charity are to promote within the catchment area of University Hosprtals Coventy and
WaThvid(shire, the relief of sickness. by carrying out vA]olly. or in pat. or funding or assisting in the funding of
development schemes, projects and proposals at Coventy hospitals invofving the expenditure of capital for which
funds are not available. or are not immediately available, from any Nalional Health Semce sourc£. Also purchasing
wholly or in part or funding or assisting in fvnd¥￿ the provision of [￿ed￿l equipment and apparatLL% for use in the
treatmenl of patierrts al the Coventry hospitals. The Trustees confirni that they have referred to the guidan
cont2ined in the Charity Commission's general guidance on public berEfit when reviewing the Trust's aims and
objectives and in planning fLrture activitiès And setting the grant making pc4icy for the year_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.
Achievements and perfomiance
During the period the charity was informed it had been left a legacy of £215k and this represents the main income
received during the period. This Income has been used to make further grants to the Hospitsl.
Flnanclal revlew
At the balance sheet date the d￿rity had reserve5 of £220,029 {2023 - £93,499) which includes restricted fund
balances of £193,D69 (2023 - £66,539}.
The charity returned a surplus of £126.530 for the year as a resuft of the I￿acY income recognised during the year.
The trustees believe the level of re￿eS held by the charity is in line with its objectives. As noted elsewhere the
reserves have been boosled by legacy income which will be used to make further grant payments to the Hospital.
Structure, governance and management
The Charity was constrtuted under a Declarab"on of Trust dated 23 June 1988 sealed by the Charity Commissloners
for England and Wales on that date and subsequently by the Deed of Variab'on dated 8 October 1991 and a Deed of
Variation dated 26 June 1992.
The trustees who served during the year arKI up to the date of signature of the financial statements were".
Lord C Aylesfotil
Mr J M Higgitt
Mr P Deeley
Mr J Parbury
Mr J C Ruddid(
Mr J Mclnt05h
Mr C Irwin
Mr R Grieve
(Resigned 4 October 2024)
New Trustees are recTUited and appointed as required followng Gonsultation of the Board of Trustees. The Trustees
are selected from across the professional. busines5 and rnedical spectrum, and each Trustee is expected to bring
up to date thowledge which is relevant to the obiectsves of the Charity.

THE COVENTRY HOSPITALS CHARITY
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Trustees currently meet annualty on a fomial basis, although there Is regular informa contact behveen some
Trustees on matters arising on a day to day basis. The fO￿nal meeting deals with such matters as tre Board of
Trust88s, the review and approval of the finanoal statements of the Chaflty.
was approved by the Board of Trustees.
MrJ
Higgi
Trustee

THE COVENTRY HOSPITALS CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE COVENTRY HOSPITALS CHARITY
I report to Ihe trustees on my examination of the fin￿la1 statements of The Coventy Hospitals Charrty {the charity)
for the year ended 31 March 2024.
Responslbllttle5 and basls of report
As the trustees of the ¢h8rity you are responsible for the preparaticffl of the finar￿la1 statements in accordance with
the requirements of the Charities Act 2011 (the 2011 Act).
I report in respecl of my examination of the tharity's financial statements ￿rrIed (￿rt under section 145 of the 2011
Act. In carying out my examination I have followed all the applicable Direcii0r￿ given by the Charity Commission
under section 145{5)(b) of the 2011 Aca.
Independent exarnlnerfs ststement
Your attention is drawn to the fact that the chaiity has prepared finan(aal stalements in accordarce Y￿th Accounting
and Reporting by Charities preparing their accounts in accordance ￿tti the Financial Reporttng Standard applicable
in the UK and Republic of Ireland (FRS 102) in weference to the Accounting and Reporting by eharitses". Statement
of RecommeiKled Practice issued on 1 April 2(105 %%fiich is referre(1 to In the extant regulations bLrt has now been
withdrawn.
l understand th8t this has been done in order for ffinancial statements lo provKle a true and fair view in accordan
viilh Generally Accepted Accounting PrdCt4ce effective for reporting periods t*ginning on or after 1 January 2015.
I have complet8d my 8xamination. I ￿nfi￿n that no matters have come to my attention In connedion )Mlh the
examlnatlon gi￿ng me cause to believe th* in any material respect:
accountlng records were not kept in respecl of charity as required by secfion 130 of the 2011 Act; or
the financial statements do not accord with those records,. or
the financial statements do nol corn￿ with Ihe applicable Tequirements ￿nCernIng the fonn and content of
accounts set OLrt In the Charities (Acc(xvrts and Reports) RegLrfab'ons 2008 other than any requirement that the
accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concern5 and have come act￿8S n
matters in connection with the examination to Ithich attention
should be drawn in this report in o
ble a proper understamling of the fir￿nCial statements to be reached.
Robert An
erson FCA
Azets Audlt Servlce8
3Mc mIdd￿marCh Buslness Park
Siskin Drive
Coventy
CV34FJ
United Kingdom
ozs"

THE COVENTRY HOSPITALS CHARITY
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCONIE AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrfcted Restricted
funds
funds
2024
2024
Total
Unrestrlcted Restrlcted
fund$
funds
2023
2023
Total
2024
2023
Notes
Incom from:
Donations and
legaaes
215.250
215,250
21
21
Charitable activities
88.720
88.720
42
42
Net Incomel{expenditure)
for the yearl
Net movement In funds
126.530
126,530
{21}
{21)
Fund balarKes at 1 April
2023
26,960
66.539
93.499
26,960
86.560
93,520
Fund balances at 31
March 2024
26,960
193.069
220.029
26,960
66,539
93,499
The statement of financial activities indudes all gains and losses recognised in the year.
JI income and expenditure derive from continuing activities.

THE COVENTRY HOSPITALS CHARITY
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Current assets
Debtors
Cash at bank and in hand
130,078
118.671
93,499
248,749
93.499
Credftors: amounts falling due within
one year
10
(28,720)
Net current assets
220.029
93,499
Income funds
Restricted funds
Unrestricted funds
11
193,069
26.980
86.539
26,960
220.029
93,499
emerrts were approved by the Trustees on ....
Mr J M Higgitt
Trustee
Mclntosh

THE COVENTRY HOSPITALS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies
1.1 Accounting convention
The financial statements have been prepared in accordance with the Ch￿l￿S [governing document]. the
Charities Act 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland. fFRS 102°) and the Charities SORP "Accounting and Reporting by Charities.. St8t8ment of
Recommended Practice applicable to charities preparing their accounts in acwrdance with the Finana8
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effectp4e 1 January 20191. The
charity 15 a Public Benefit Entty as defined by FRS 102.
The charity has taken advantage of the provisions in Ihe SORP for charities not to prepare a Statenent of
Cash Flows.
The financial statements have departed from the Charities (Accounts 8nd Report5) Regulations 2008 only to
the extent required to provide a true and fair view. This departure h8s involved following the Statement of
Recommended practi￿ for charities applying FRS 102 rather than the version of the Staternent of
Recommended Practice which is referred to in the Regulations bul which has since been wilhdrawn.
The financial statements are prepared in sterling, ￿lch is the functronal currency of the charity. IAonetary
amounts in these financial statements are rounded to the rearest £.
The finanual statements have been prePa￿d Lmder the historical cost convention. The principal accounting
poliaes adopted are set out below.
1.2 Goin9 concem
At the tirne of approving the financial statements, the trustee5 have a reasonable expectation that the charity
has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trnBtees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the diS￿et10n of the trustees in furtherance of their charitable
objectives.
Restricted furKls are subiect to specffic conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowinent funds are subject to specific conditions by dor￿r$ that the capital must te maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to li after any perfomiance conditions have been met,
the amounts can be measured ￿lIablY, and it is probable that income will be received.
Cash donakn'ons are recognised ￿ receipt. Olher donations a￿ recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amounL Income tax recoverable in
relation to donats'ons re￿IVed under Gift Aid CY deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or othe￿ise if the charity has been notified of an impending distribution,
the amount is known. arKI rKeipt is expeded. If the amount 15 not known. the legacy is treated as a
contingent asset.

THE COVENTRY HOSPITALS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polkles
(conunued)
1.5 Expenditurè
Expendrture is recognised once theTe is a legal or cortstnthe obligation to transfer economic benefit to a
third paty, it is probable that a transfer of ecor￿)MiC beneffts will be required in settlement, arKI the amount of
the obligation can be measured reliably.
Expenditure is classified by acttvity. The costs of each activty are made up of the total of dirKt Costs and
shared costs, including support costs invofved in undertaking each adivty. Dlrect costs 8ttributsble to a single
activity are allocated directly to that activty. Shared costs which contribute to more than one activty and
support costs which are not attributsble to a sirKJle activity are apportioned between those activities on a basis
consistent with the use of resour￿$. Central staff costs are allocated on the basis of time spent. and
depreciation charges are allocated on the portion of the asset'5 use.
1.6 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowngs in current liabilities.
1.7 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Finanaal Instruments. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognlsed in Ihe charity's balar￿e sheet wthen the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. Vlryth the net arn￿nts presented in the financial stalements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultsneously_
&qslc Ilnanclal assets
Basic financial assets, which indude debtors and cash and bank balan￿$, are initialty measured at
transaction price including transaction costs and a￿ subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fulure recelpts dlscounted at a market rate of interest. Finanaal assets
classtfied as re￿1vable wf(hin one year are not amortised.
Baslc financial Ilabil￿eS
Basic financÉal liabilities. including iJeditor5 and bank loans are initially recognised at transaction price unles5
the arrangement constitutes a fir￿n￿ng transaction, where Ihe debl instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities claS￿fied as payable
Ihin one year are not amortised.
Debt iwtnmients are subsequently carried at 8mortised cos( using the effectwe interesl rate method.
Trade creditors are obligations to pay for goods or se￿tCeS that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classtfied as current liabilibes if payment is due within one
year or le55. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
DeTrcognitlon of financial liabilities
FinanN81 liabilities are derecognised when the tharity's contrdctual obligations expire or are discharged or
cancelled.

THE COVENTRY HOSPITALS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continuedl
1.8 Employee benefits
The ¢ost of any unused holiday entitlemenl is recognised in the period in wthich the employee's Servi￿ are
received.
Termination benefits are reco9nised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an empioyee or to provide temiinati￿ benefits.
Crftical accounting estimates and Judgements
In the application of the charity's accounb.ng policies, the trustee5 are required to make judgements. estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
8re ¢onsidered to be relev￿t. Actual reyjlts may differ from these eslimates.
The esttmates and underlytng assumptiorts are reifje￿d on an onwirKJ basis. Revisions to accounting
estimates are recognised in the period in ￿kn1¢h the estimate is revised where the revision affects cnly that
period, or in the period of the revision arKI future perfods ￿ere the revision affeds both current and future
periods.
Donations and1ggacSes
Restrlcted Restrlcted
funds
funds
2024
2023
Donations and gifts
Lega￿eS receivable
172
215,078
21
215,250
21
Grants payable
2024
2023
Grants to insts"tutions {2 grants):
University Hosthis Coventry & Warwickshire
88.000

THE COVENTRY HOSPITALS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Supporl Gov•rnance
¢osts
2024
Support Governance
costs
costs
2023
Bank charges
42
42
Accountancy
720
720
720
720
42
42
Analysed between
Charitable activities
720
720
42
42
G0veMan￿ costs indudes payments to the accountants of £720 (2(r23- £0) for completion of the independent
examinatEon.
Trustees
None of the trustees (or any persons COnr￿ted with them) re￿iVed any remuneration or benefits from the
charity during the year.
Employe05
The average monthly number of employees thring the year was:
2024
Number
2023
Number
Total
There were no employees whose annual remureration was more tPAn £60,000.
Taxation
The charity is exempt from tax ¢)n income and gains falling wlthln secllon 505 of the Taxes Act 1988 or seGtion
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charTtable objects.
Debtorn
2024
2023
Amounts falllng due vAthln one year
Other debtors
130,078

THE COVENTRY HOSPITALS CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Credltors: amounts falllng due W•thln one year
2024
2023
Other creditors
Accruals and deferred income
28,000
720
28,720
11 Restricted funds
The income funds of the diarity indude restricted funds comprising the followlng unexpended balan￿S of
donations and grants held rjn trust for specrfic purposes:
Balance at Rèsourcas
PAovement In funds
1 Aprfl 2022
Balance at
Incomlng
ex￿nd0d 1 Aprll 2023 rnsourc
Resource8
Balance al
axpendfjd 31 March 2024
Cancer fund
66.560
(21)
66.539
215,250
(88,720)
193.069
12 Analysls of net assets between funds
Unrestrlctsd Restricted
funds
funds
2024
2024
Total Unrestrlcte(l Restricted
funds
funds
2023
2023
Total
2024
2023
Fund balan￿S at 31
March 2024 are
represented by".
Current assetsl(liabilities)
26.960
193,069
220,029
26,939
66,560
93.499
26,960
193.069
220,029
26.939
68,560
93,499
13 Related party transactions
There were rto disclosable related paty transadions during the year (2023 - none).
10_