Ronald McDonald
House Charities (UK)
Annual Report and
Financial Statements
31 December 2023
TNI
Ronald McDonald
House Charities-
Registered Company No. 2252337
Registered Charity No. 802047
Scottish Registered Charity No. SC040717
United Kingdom

Contents
Trustees. Report
Chairman's Report
Strategic Report
Our Impact
Our Partnerships
- Thank You
Principal Risks and Uncertainties
Financial Review
Objectives & Activities
Structure, Governance and Management
Reference & Administrative Details
14
18
19
20
22
23
24
Statement of Trustees, Responsibilities
Independent Auditor's Report
25
26
Financial Statements
Statement of Financial Activities
31
Balance Sheet
32
Statement of Cash Flows
33
Notes to the Financial Statements
34

Trustees,
Report
Ronald McDonald House Charities (UK) is an independent charity registered in
England and Wales (802047) and in Scotland (SC040717), and is a company limited
by guarantee (2252337), registered in England.
The Trustees of Ronald McDonald House Charities (UK) (who are also the Directors
for the purposes of Companies Act 2006) are pleased to present this, their report and
accounts for the period ended 31 December 2023, which incorporates the Strategic
Report and the Director's Report required under the Companies Act 2006 (Strategic
Report and Director's Report) Regulations 2013.
Truslees, Report - Page 3

Chairman's Report
Dear Supporters,
l am delighted to showcase the huge
amount that has happened over the past
year at Ronald McDonald House Charities
(UK). The Board of Trustees is incredibly
proud of everything we have achieved in
partnership with NHS hospitals and our
supporters across the country.
works. This project was also a great success
and families praised us for our'beautiful
renovations and amazing facilities,.
We shared our plans for a multi-million-
pound refurbishment of our klouse at Alder
Hey Children's Hospital in Liverpool. This
major improvement project is designed
to ensure the 30-year-old building, which
requires major modernisation, can
continue to meet the needs of families for
many years to come.
In 2023 we helped more families than ever
before, following the successful mergers
with our Alder Hey and Bristol Houses in
2022. We thank supporters for being at the
heart of everything we do and for making
it possible to provide free'home away
from home, accommodation and support
to more than 8,400 families with a child
in hospital an increase of 26% on the
previous year.
At the start of the year, we conducted
research to better understand how the
families we look after had been affected
by increased pressure on the cost of living.
We knew they were struggling and wanted
to raise awareness of this issue. Our
research report painted a bleak picture.
A large focus for our spending in 2023 was
to significantly invest in our estate as part
of our overarching reinvestment and long-
term maintenance plans, ensuring that our
Houses are equipped to deliver high-quality
services and best meet the needs of the
families we look after. Notable projects
included opening a newly knocked-through
and refurbished Day Room in our House
based next to Royal Manchester Children's
Hospital. This created a beautiful space,
including a fully fitted kitchen and carefully
designed zones for different family
groups and interests. This renovation
supported the growth of our Day Pass
Programme and led to an increase of
13 % in the number of families accessing
our Manchester House for the day to get
respite from the hospital ward.
7/10
parents and carers reported their
finances were negatively impacted
by having a child in hospital.
Seven in ten parents and carers reported
their finances were negatively impacted
by having a child in hospital. More than
two in three said the cost-of-living crisis
was causing their mental health to suffer,
and almost a quarter of parents told us
they had skipped meals to help make ends
meet.
We also concluded a £600,000
refurbishment project of our Camberwell
House, serving families at King's College
Hospital London, which included
redecoration of all 24 bedrooms, along
with much-needed long-term maintenance
continued
Trustees. Report - Page 4

Chairman's Report (continued)
Our results generated significant coverage
that is featured nationally on the BBC'S
Morning Live programme and across a
range of local and regional media outlets.
We were also able to share this research
and collaborate with a wide network of
other children's health charities.
We've been hugely grateful for our partners
and supporters, donations, gifts in kind and
pro-bono assistance despite the pressures
of the cost of living and rising business
costs. Our community of supporters is truly
inspiring and covers an incredible cross-
section of businesses and communities
around the UK. Businesses like Sealy UK
& Ireland have provided bespoke beds to
enable families to rest and sleep. Bloomberg
has provided 4,400 'Grab & Go, snack
packs for families, and global supporters
like Martin Brower have expanded their
fundraising and gift-in-kind donations.
Working with partners in 2023, we
were able to do more to respond to the
increasing needs of the families we look
after. We are proud of the support we
have been able to provide following the
rollout across all our Houses of our'Grab
& Go, programme, providing free snacks
and drinks for families, ensuring they can
access healthy and convenient food whilst
they are with their children on hospital
wards. Similarly, the myNappymind
programme has been introduced, providing
much-needed support for families, mental
health and wellbeing. We would not have
been able to achieve so much without our
wonderful supporters.
2023 was a year of growth for our Charity.
Growth in the number of families we
looked after, the type of support we were
able to offer, and of course, growth in
income to allow us to achieve all of this.
On behalf of the Charity, I would like to
thank every supporter who made this
possible_ I look forward to continuing this
work in 2024, supporting thousands of
families through the hardest of times.
In 2023 we raised over
This is a record amount for our
Charity and an increase of 14%
from 2022.
£16m.
FLfVS
eff'Èergus
Chair
Ronald McDonald House Charities (UK)
31 July 2024
Our mission partner McDonald's, their
Franchisees, employees, customers, and
suppliers continued to demonstrate their
unwavering support to raise awareness
of our cause and vit81 funds. In 2023 the
McDonald's family donated over £l0.3m
to the Charity. Ajoint campaign with
Coca-cola saw key facts about Ronald
McDonald House Charities (UK) on over 30
million cold drink cups used in McDonald's
restaurants across the UK. We also saw
success across our events programme,
and a return to pre-Covid-I g levels of
financial success, raising over £2m.
Trustees. Report - Page 5

Strategic Report
1*4
Ronald McDonald House Charities (LJK) provides free accommodation and
support for families who have a child in hospital. This is desperately needed,
and for many families is the only way to avoid lengthy commutes, unmanageable
hotel bills, sleeping on chairs or even in cars. Our Houses also provide a community of
support, where families are surrounded by others going through a similar situation and staff
who understand how stressful it can be to have a child in hospital. Our Houses are a'home
away from home, where family members can live, relax, and eat together. All of this helps
families cope practically and emotionally with having a child in hospital.
Our Impact
2022
2023
6,654
8,415
+26/.
families
accommodated
families
accommodated
In 2023, we accommodated more families than ever before in our 14
Houses across the UK. 8,415 families stayed with us, up from 6,654 in
2022, an increase of 26%. This is primarily as a result of our expansion
in 2022 but is also because in 2023 our occupancy rates rose again to
83%, from 80/0 in 2022. This is a measure of the percentage of time
that all our rooms were occupied by families.
View
our 2023
stats
These increases are a testament to our Housekeepers, who were able
to turn rooms around quickly and minimise the time it takes to get a
new family settled in when others check out,. and the Estates team who
work hard to respond to any minor maintenance issues and keep all our
rooms open.
Did you kno
Following feedback from our House teams who were
reporting a perceived increase in shorter-stay families,
we started a piece of work looking into the details of the
average length of stays. Our research shows that 48 % of
stays were for more than eight nights and 28,/0 of stays
were for three nights or less. This project will continue in
.• i•r 2024 to help us understand how best to meet the needs
of our different family groups, for example through the
facilities and activities we offer.
Trustees, Report - Page 6

99/0 of
families
agreed
' The services and support I received at the
Ronald McDonald House helped me cope
during my child's hospital stay,"
Truslees, Report - Page 7

Life costs more
for families with a sick child in hospital
than
28/
40/
have asked
families or friends
borrow money
said they'd gone
cold to avoid uslng
heating at home
58/
ecut
ack on
non-essential
spending
Our Impact
Financial challenges
facing our families
In January we undertook an eight-week
cost-of-living survey of families who had
stayed in a Ronald McDonald House within
the previous six months. The survey found
that 7 in l O people, who'd stayed in a House,
reported their finances were negatively
impacted by having a child in hospital. More
than two in three people shared that the
cost-of-living crisis is causing their mental
health to suffer.
Jodie Cameron, Somerset, whose baby
Ewan needed heart surgery says.. "My
partner is a farmer and couldn't always get
time off, so he had to travel back and forth
to the hospital, which is a 172-mile round-
trip. My maternity leave ended in December,
but l Couldn't go back to work because
Ewan was still in hospital.
"Tom's wage just about covers the bills,
but it's been a struggle to keep up with
mortgage repayments and we've worried
about the possibility of losing our house.
Without Ronald McDonald House Bristol, I
don't know how we would've coped."
Ella Joseph, Chief Executive
of Ronald McDonald House
Charities (UK), said:
"We know that life costs more
if your child is being treated
in hospital. particularly when
that treatment isn't close to
home. This financial challenge
is compounded by significant
increases in the cost of living,.
of survey respondents to the survey agreed
that staying in a Ronald McDonald House
helped to ease the financial burden of
having a child in hospital.
Trustees, Report - Page 8

Grab & Go
To ease the financial burden of buying food in hospital, Grab & Go stations were set up across
all our Houses to provide free packaged food for families to take to the hospital with them. All
8,415 accommodated families, and 7,840 visitors using a Day or Medical Pass, were able to
benelit from fresh fruit, snacks and hot drinks.
Our corporate partners provided over 6,500 snack packs to support our Grab & Go stations.
Special recognition must be given to Bloomberg who provided 4,400 snack packs with
contents totalling £21,900, and Cisco who provided 2,170 packs. These have been hugely
appreciated by families across our Houses and have even been used to celebrate birthdays,
such as a young girl who has been in our House for all three of her birthdays and was
delighted to be given "sweets. on her 3rd birthday, which were actually healthy fruit-based
snacks.
Family Wellbeing
Last year we worked with more than 80 different organisations to deliver more than 120
different activities to support our families. These included free food, access to bereavement
support, counselling sessions, wellbeing events and celebrations such as pantomime
experiences and pampering sessions.
We were also able to announce our partnership with global fitness and wellbeing community
app, TRUCONNECT. The brand has given free, lifelong access to the app to families staying
at all 14 of our Houses, extending to all Ronald McDonald House Charities (UK) employees.
This access includes more than 1,000 mental and physical health programmes, such as NHS-
approved wellbeing courses, and over 400 nutritious recipes.
Across the year, we have promoted family and staff wellbeing and celebrated events and
milestones that allow us to profile our commitment to equality, diversity and inclusion, such as
International Women's Day, National Inclusion Week and Disability Pride.
We're pleased
to be recognised as a
Disability Confident Employer.
Ejra disability
OG confident
EMPLOYER
Trustees. Report - Page 9

MyHappymind
Being away from home in an unfamiliar place can be difficult for both parents, children, and
wider family members staying in our Ronald McDonald Houses. There are many pressures
families face when they have a child in hospital, that's why, in January, we were proud to
launch a partnership with myHappymind - an NHS-backed, award-winning programme which
uses scientifically-proven strategies to help develop resilience and self-esteem. The team at
myHappymind created a bespoke programme just for families in our Houses, to support them
in developing coping strategies.
Key milestones and achievements..
More than 200 family sign-ups for the programme and more than 700 page visits.
28 new activities were created and added to the online programme with ideas coming from
our staff, specifically catering to the needs of our families.
Throughout the year, our Houses have used myHappymind to engage with our families and
share educational resources. We celebrated Children's Mental Health Day, putting together
activities using the conversation cards developed by myHappymind to help families have
conversations about their mental wellbeing. We also used the resource from myHappymind to
celebrate International Day of Friendship to create an interactive session on gratitude
and friendship.
"One morning in the Bristol House. a mum and her five-year-old
son came to sign out. l asked who they were going to see in the
hospital. mum replied 'Matilda she is only three years old., I gave
the little boy a myHappymind toy for him and one for his sister.
l also gave him a myHappymind storybook for his mum to read
to them both. Some hours later a very tearful Mum came back
from the ward. and she told me. 'You don't know what you hove
done.. and 'we will never forget you.. As she fought back her
tears, she explained in the morning her son had not wanted
to go to the hospital, however as I had given him the
myHappymind book and toys, he had willingly gone to
visit his sister. Mum explained it was his last chance
to see her. Matilda passed away the next day.,
Rachel Tween. House Manager. Tooting
Trustees. Report - Page 10

Our Impact
Day Pass and Medical Pass Programmes
We work hard to ensure that our Houses can be used by as many families as possible,
including those who we may not be able to accommodate as our Houses are often full. To
do this, we open our doors for families to use our communal facilities during the day. These
include our day rooms to relax, kitchens to prepare meals and eat in and access to shower or
laundry facilities to freshen up. Families using our Houses in this way are on our'Day Pass,
programme.
We also want as many children as possible to have respite from being inpatients on the ward
and visit our Houses through our'medical Pass, programme.
Throughout 2023 our ambition was to increase take up of these programmes. With increasing
interactions with our hospital partners and raising awareness of both Medical and Day Pass
programmes through Patient Experience Groups, awareness stands, involvement in NHS staff
inductions, invitations to ward staff to visit the Houses, and family drop-in sessions, we have
seen an increase of 27% in our Medical Passes and 22% in our Day Passes compared to the
previous year.
Medical
Passes
Day
asses
up 1350 (27%)
up 270 (22/.}
202
2022
02
2022
6,300
4,950
1,540
1,270
In our Ronald McDonald House next to Royal Manchester
Children's Hospital. we saw a 13/0 increase from 2022 to 2023, in
the number of families using our'Day Pass. programme. Which
continues to rise signiticantly in 2024. This increase in usage was
following the complete refurbishment of the day room. The new
space includes ovens, a spacious fridge freezer and a larder
of free provisions for families. This has allowed families who
are not staying overnight to prepare and cook healthy meals
to enjoy together. One of the current families said: ' It's such a
lovely room. You come in and just forget about everything that is
happening over at the hospital for a moment and simply relax..
Trustees, Report - Page11

Our Impact
Investing in our Houses
Our Estates and Facilities team
has worked tirelessly throughout
the year to ensure that our
accommodation is maintained
to a high standard. £1.6m was
spent on general upkeep, including
minor repairs and decorating, and
maintaining equipment in line
with statutory requirements. In
addition to the remodelling of the
Manchester Day Room, a major
project we completed this year
was a £600,000 refurbishment
of our 24-bed Camberwell
House, consisting of a complete
redecoration and replacement of
equipment in line with equipment
and maintenance life cycles.
our stay. we felt the room provided was invaluable to us as a
family. Keeping us supplied and safe! The chance to remain close to
the hospital was very reassuring and the staff were so kind, cheerful
and nothing was too much bother. The House is immaculately clean.
every piece of equipment thought of. The playroom and the dining
room are fantastic. This all helped reduce the stress, as well as
being able to have our other little grandson stay with us as a family
reduced the worry and anxiety for us all. Thank you so much."
9g
Sustainability
In total, Ronald McDonald House Charities (UK) saved families from travelling 10.7 million
miles to and from hospital in 2023.
In partnership with Veolia, an efficient new sustainable waste management system was
launched across our Houses. We achieved a recycling rate of 17%, which was an uplift of
52/, from 2022. The new system has standardised methodology across all Houses and
increased recycling engagement and confidence.
Truslees, Reporl - Page12

Our Impact
Volunteering
Corporate volunteers help us
improve the experience we
provide our families. Volunteering
opportunities also give local
organisations meaningful
corporate activities for staff
and stakeholders. We were
delighted to see a 29 % increase
in the number of volunteers from
2,700 in 2022 to 3,470 in 2023.
This meant 58 % more hours of
volunteering from 9,590 to 15,200.
increase in corporate
volunteering hours
in 2023.
However, over this year we also saw the number of regular individual volunteers decrease by
23 % from 1,050 to 810, and the hours donated by these volunteers went down 30 % from 3,540
to 2,490. During 2024 we will undertake a project to explore what is needed to implement an
effective volunteering programme across the Charity.
Trustees, Reporl - Page 13

Our Partnerships
It is thanks to our many partners that we can provide a high level of service and care for
our families.
Gifts in kind and pro bono support
In 2023 we had several partners who provided gifted items or services with the aim
to improve the experience of families accessing our services. Some examples include
brand new beds from Sealy UK & Ireland, access to a wellbeing and fitness app via
TRUCONNECT, access to emergency financial and support services from Hugh James", as
well as snack packs and food items to support our'Grab and Go, stations.
For World Sleep Day on 17 March 2023, we celebrated our exciting partnership with Sealy
UK, who donated beds, custom designed for our Ronald McDonald Houses. The bespoke
single beds have pull-out trundles, so a family of four can sleep comfortably, just a stone's
throw away from their child in hospital.
Through our partnership with law
firm, Hugh James, we were hugely
grateful to be able to extend financial
and practical support to our families
via their Emergency Fund and Major
Trauma Service. Access to this
service enabled both immediate
support and longer-term assistance
to families, providing a lifeline at a
time of huge emotional and financial
strain.
120
120 beds were
donated in 2023 by
Sealy UK & Ireland
We are grateful to Veolia for their
support with waste and recycling.
llongstanding supporters Essity
increased the amount of toilet
rolls and blue rolls they provide
us, and we have worked with
many other partners supporting
in this way or through gift in kind
donations directly for the benefit of
families. We are appreciative of our
supporters who offer discounts on
products and services including Big
Bathroom Shop and Tarkett Group.
We hope that gifts in kind will
continue to grow in 2024, particularly
for those businesses who are
struggling to support our Charity
with financial donations.
Trustees. Report - Page14

The McDonald's Family
As well as providing customers more
opportunities to engage with the Charity
We must recognise the unwavering generosity and more choice in how they donate to us,
of McDonald's, its Franchisees, employees
we also remain grateful to the McDonald's
and suppliers, as well as customers who
donate in restaurants. We were hugely
family- the company, Franchisees, Restaurant
Teams and Suppliers- for the direct
grateful and extremely proud to have received support they generously provide. In 2023
over £10.3m from the McDonald's family
in 2023, an increase of 9 % from 2022. Key
this included significant donations to the
drivers for this success were..
Charity, sponsoring and attending our events,
organising and participating in a huge number
of fundraising activities and challenge events,
volunteering at our Houses, and so much
more. In addition, all Franchisee and company
restaurants in Wales, and some in Scotland,
continue to donate proceeds from the bag
tax levy- a very generous gift which is hugely
appreciated.
As well as facilitating donations from
customers through collection boxes,
Kiosks and the McDonald's App,
McDonald's also provides the facility for
customers to donate their App reward
points to charity. Digital donations to the
Charity (via Kiosks and the App) exceeded
£4m in 2023.
We remain proud and grateful to be
McDonald's' Charity of Choice, their'forever
partner.. The support we receive from
across the McDonald's family makes a huge
difference to the Charity Thank you for all
your support in 2023. We look forward to
continued success from our partnership in
2024 and beyond.
In May, we were thrilled to be part of
a national awareness and fundraising
Campaign at McDonald's. Featuring digital
takeovers focused on building awareness
in restaurants, the campaign also saw
McDonald's staff raise much-needed
funds through face painting in restaurant
dining areas across the UK. Over the
summer, we were proud to come together
with McDonald's and Coca-cola GB to
raise awareness for the Charity through
a national cold cup takeover - the first of
its kind in the UK. Our logo, and key facts
about the Charity were displayed on over
30 million cold drinks cups, helping to
increase awareness for the Charity
The support
we receive from
across the McDonald's
family makes a
huge difference
to the Charity
Corporate Partnerships
Alongside McDonald's our support from other companies in 2023 grew by 32 /.
Some notable contributors to this growth were partnerships that grew from
2022, such as more than £31,000 raised by Bank of Montreal and £25,000
donated by Norton Rose Fulbright. We were grateful to receive significant
support from new partners including more than £104,000 donated by
Attwater Jameson Hill, as well as sizeable donations from The Original Fit
Factory. In total we have secured 18 new corporate partners in 2023, many
of whom made us their'charity of the year,, including the Birmingham office
of Eversheds Sutherlands.
Through strong stewardship and engagement, we have benefitted from repeat
gifts from E3P who raised more than £20,000 with £10,000 of match funding, as
well as RMHC Global supporters such as Alexion Charitable Foundation and Vertex who
have supported our work in the UK and across global Chapters. Alongside their support with
the Grab & Go programme, Bloomberg increased their support in 2023 through volunteering
within our Houses, as well as from their offices.
Trustees, Report - Page 15

Fundraising
2023 was a year of growth for the majority of our income streams. This resulted in the Charity
benefiting from an income of more than £16.2 million, a 14/0 increase on last year.
Events
We are delighted with the achievement that this year, our event income returned to pre-covid I
levels, raising more than £2 million across both Challenge and Special Events. This is fantastic
for our Charity and our supporters tell us how much they enjoy participating- from great team
bonding experiences to excellent corporate networking opportunities.
The Inflatable sk series was a huge success after a
strong online campaign at the beginning of the year,
with 561 participants and £74,300 raised in total, up
from £26,425 in 2022. The TCS London Marathon
was our next biggest event with 22 supporters and
£48,500 raised. There were also many regional events
close to Houses that yielded some great results such
as the Cardiff Half Marathon which raised £10,700
and Edinburgh Marathon Festival that generated
donations of £7,600. Collectively this saw a total of
759 participants taking part with strong opportunities
for future engagement and further support.
The Ladies Lunch, organised by Trustee and McDonald's Franchisee, Anne Wainwright, was
a great success raising £30,000, along with the Summer of Golf seeing 142 teams raise
£189,000. Our Leisure Classic event, two regional Gala dinners in Birmingham and Manchester
as well as Edinburgh carols together raised over £1 million.
Community
We maintained our support from individuals and groups raising funds
from within their communities, with a small 2/0 increase in last year's
income. Our supporters got creative with their fundraising in 2023, and
as some of the highlights below reveal, they went above and beyond to
raise funds for Ronald McDonald House Charities (UK).
Our annual skydive raised £45,000 with 72 participants taking to the skies
across the UK over a weekend in July.
U Dad Ryan Gosling. who stayed at our Bristol
House when his newborn daughter Indie
was being treated for hyperglycaemia. ran
240 miles in four days from his home in
Barnstaple, Devon. to Bristol raising more
than £IO.000 . His story was picked up by
the BBC News website. reaching more than
588 million readers.
We were
delighted to
be selected as
'charity of choice,
for Sherborne Car
Show, which raised
£18.000 at their annual
Classic Car Show.
Trustees, Reporl - Page16

Fundraising (continued)
We were grateful to be
the recipients of a £ll.000
donation following the
Avison Young Memorial
Football match in Scotland,
in memory of Avison
Young's late employee,
Duncan Wright.
The Richards family raised more than
£10,000 via their Ray of Light Cycle ride
along the Scotland Coast2Coast route
from Annan. in Dumfries and Galloway.
to St Andrews. in NE Fife.
We launched a new
Community product, Jumble
Jamboree- encouraging our
supporters all year round to
recycle and sell their second-
hand goods for our Charity.
In a different type of run. Ramsay and
Jackson, agricultural engineers, once
again held a Christmas Tractor Run.
raising an impressive £8,760. The
event saw a record-breaking 2
vehicles enter and they didn't
let the poor weather stop
them. Tractors and trucks of
all sizes
entered and were decorated
with Christmas lights
and decorations.
We also held our first annual
thanking week in September,
which covered all donor
groups. It was a brilliant way
to connect and personally
thank our many supporters.
Following positive feedback,
we will be looking to grow
this initiative in 2024.
Trusts and Grants
We continue to be supported by several repeat donors, receiving significant donations in
support of our work. Donors include Birmingham Children's Hospital Charity, Guy's and St
Thomas, Charity, The Steel Charitable Trust, The Fairy Water Trust, Eric Wright Charitable Trust,
and GJW Turner.
Once again, we remain grateful to the support we received from the Steve Burne Charitable Trust
who, along with other partners helped to transform the Day Room within the Manchester House,
creating an open plan, calming space for families to have some respite away from the ward.
Our Commitment to Supporters
We put our families and supporters at the heart of everything we do to ensure we build
sustainable income sources. Ronald McDonald House Charities (UK) is signed up to the
Fundraising Regulator's Code of Fundraising Practice. We are committed to legal, open, honest
and respectful fundraising and do not cause undue pressure or intrusion on donors. We maintain
robust fundraising policies, which promote the adoption and improvement of responsible
fundraising practices within the UK. We are pleased that once again, in 2023 we received no
complaints which were referred to the Fundraising Regulator.
Trustees. Report - Page 17

Thank You
Ronald McDonald House Charities (UK) could not operate without the
support of our wonderful and dedicated donors. We would like to thank
everyone who supported us in 2023, as well as those who wish to
remain anonymous.
Alexion Charitable
Foundation
Hugh James
Ramcrete
I lan Sherry c/0 Glenbrook
Properties
Ramsay and Jackson
Antony Hornby
Charitable Trust
Royal Bank of Canada
Kieran Masterson c/0
Galamast
Attwater James Hill
Ryan Gosling
Avison Young
l Limitless Digital Group
Sally Cancer Foundation
Baron Davenport's Charity
London Stock
Exchange
I Sam and Amber Turner
Best Bathroom Shop
Sealy
Martin Brower
Best Heating
EDA
Matt Jarrett
Bloomberg
Sherborne Classic Car Show
l Mattel
BNY Mellon
Signature Flatbreads
Mccain
Cargill Protein Europe
Mccormick
I Spielman Charitable Trust
Steinberg Family
Charitable Trust
CBRE
l McDonald's UK and
I Ireland, their Franchisees
i and employees, and their
customers
CDW
I Steve Burne Charitable Trust
Celestra
Stourgarden
Centrica
Medtronic
CMF Charitable Settlement l Mercer Family Foundation
Tarket Flooring
l The Original Fit Factory Ltd
Coca Cola Europe
i Milly's Smile
i The Ray of Light cycle
ride team
Coca Cola GB
Mrs MA Black's Trust
Cornerstone
Mudano
Tindall Riley
Dandara
l Nicholas Jones
Charitable Trust
l Tony Poole c/0 CVSL
Essity
i Tristan Baddeley &
Jean-marc Spanghero clo
Moy Park
Norton Rose Fulbright
Ethel and Gwynne Morgan
Charitable Trust
Philip Artemiey & family
Veolia
Griffith Foods
I Phillips 2012 Charitable
Trust
I Vertex
Guenther Bakeries
Trustees. Report - Page 18

Principal Risks and Uncertainties
Ronald McDonald House Charities (UK) adopts a risk management strategy which includes a
quarterly review and update of the risk register by the Executive Team and the Board.
During the year, we implemented the following..
Updated the process for risk assessment so that Trustees and management have a better
framework to consider the key risks and uncertainties and implement appropriate mitigations.
Improved reporting on the risk indicators and the mitigation strategies including timescales
for implementation.
The following are the principal risks and uncertainties facing the charity and the approach being
taken to mitigate these risks..
Income Generation: The recent growth of the Charity and its operational costs have put
additional pressure on fundraising. The approach implemented includes..
Continuous development of our long-term strategy to broaden income streams.
Regular review and monitoring of the financial and income performance by the Executive
Team and Board.
Recruitment of a new Director of Fundraising and NAarketing & Communications to enhance
the diversification of our income.
Work with key funding partners (including McDonald's) on exploring new opportunities to
grow our charitable income.
Condition of Estates and Building services: In order to provide high quality service delivery to
families, the Charity must invest in its estate. The approach implemented includes.
Planned Preventative Maintenance programmes for our Houses.
Ongoing maintenance and repair of our estates to limit damage.
Strategic Asset Plans being developed for all our Houses to map out estates needs over a
longer timeframe.
Health & Safety and safeguarding: As a provider of services to families, the safety and security
of families as well as staff is paramount. The approach implemented includes..
Service Delivery Team are provided with key training to deal with incidents.
Houses are staffed during the day and have security outside work hours. Incident
management team on call at all times.
Regular monitoring and consultation with industry experts on health and safety matters and
assessments.
Regular review and monitoring of our policies and practices including the safeguards and
preventative measures in place.
Families are inducted and provided with information on expectations during their time with
the Charity.
As part of the regular review of risks, the Charity actively monitors and mitigates risks that could
impact on income and impact. For example, in relation to brand (where awareness and trust in
the brand is key to donor engagement), use of data and technology (where the Charity wants to
continue to develop its use of data for impact reporting to all supporters). The Charity reviews
and monitors its policies and procedures when dealing with personal information and our GDPR
principles ensure we do not risk the trust placed in the Charity, protecting our supporters from
possible misuse, whether it be accidental or deliberate.
Trustees, Report - Page 19

Financial Review
The financial statements and accompanying notes have been prepared in accordance with
the Statement of Recommended Practice- Charities SORP second edition (FRS 102) issued
by the Charities Commission in October 2019, applicable Accounting Standards in the United
Kingdom, requirements of the Companies Act 2006, the Charities and Trustee Investment
(Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland)
The Charity received income of £16.2m during the year for its ongoing charitable activities
(2022.. £14.3m), enabling us to maintain our existing commitments to family accommodation
across the UK. The main source of income was voluntary (income given freely, not in return for
goods and services) The largest source of voluntary income is donations from the public via
collection boxes and Kiosk donations located primarily in McDonald's restaurants all over the
UK. This income amounted to £5.7m (2022.. £5.5m). NlcDonald's and its franchisees pay all the
card transaction fees associated with the kiosk donations, which meant l 00 % of the donations
were received by the Charity The Charity was once again indebted to McDonald's Restaurants
Limited and its franchisees who donated just over £4.1m (2022. £4.Om) towards the work of
the Charity, as well as office facilities and other in-kind support.
The operational costs of the Charity were £16.4m (2022. £12.8m), of which £12.Im (2022.
£8.Im) related to the costs of delivering our charitable activities within our Houses and
represents 74/0 of our total expenditure. The increase in costs is mainly related to the full year
operation of two Houses in Alder Hey and Bristol which joined the Charity in 2022. The costs
of fundraising were £4.3m and represents 26°/o of our total costs. Trustees have reviewed
expenditure and are satisfied that it is reasonable and supports the Charity's stated objectives.
Reserves
As at the year end, the Charity held total funds of £71.3m of which £1.7m was held within
restricted funds, £65m within designated funds and £4.6m within unrestricted general funds.
The restricted funds are mainly made up of donations that are restricted to cover the running
costs of our Houses within specific geographic locations.
Designated funds and tangible fixed assets
The Charity has a portfolio of residential properties offered free of charge to families with
seriously ill children at hospital, currently with a net book value of £54.5m (2022 £55.7m) The
value of these properties has been classified as designated funds as these are fixed assets
which cannot easily be converted into general funds for day-to-day use. The assets are being
depreciated over 25 to 40 years to reflect the fact that ownership of the Houses will ultimately
revert to the respective hospitals, as part of our contractual agreements with them. In 2022,
the Charity merged with the Alder Hey Family House Trust. The Trustees have designated £9m
for the refurbishment of this House.
Trustees. Report - Page 20

Financial Review (continued)
Reserves policy
The Trustees assess the risks facing the Charity on a quarterly basis and consequently review
the level of free reserves (general unrestricted funds) required annually in line with Charity
Commission guidance. Trustees recognise that reserves held must safeguard the Charity
against unexpected loss of income, to enable the Charity to continue meeting the ongoing
commitments and obligations for the foreseeable future in relation to its charitable objectives.
As such, the Trustees agreed that holding minimum free reserves to cover four months,
operational running costs are prudent in this financial climate. The balance of free reserves as
at 31 December 2023 was £4.6m and was in line with the policy.
The Trustees currently maintain £16m of funds within cash deposits to ensure sufficient
liquidity to meet the Charitys obligations and ongoing commitments. The remaining £0.8m
are held within a mixed investment portfolio containing bonds and equities.
Going Concern
The Charity has prepared cashflow forecasts for the period through to 31 July 2025 which
reflect the expected impact of the macro-economic environment on income and expenditure.
The assessment of the Charity's ability to continue as a going concern has included
performing a reverse stress test on those forecasts.
The reverse stress test assumes the same level of expenses as management's best estimate
("the base case.) but income is decreased to the point at which all cash is utilised before the
end of the going concern assessment period (positive cash position until July 2025 decreasing
to negative cash position in August 2025).
A negative cash position is only achieved if income falls below 25 % of the best estimate
cash flow forecasts through the going concern period which the Trustees consider to be an
implausible scenario.
Having reviewed this information the Trustees have a reasonable expectation that the Charity
has adequate resources and cash reserves to continue in operational existence for the going
concern period to 31 July 2025.
After making reasonable enquiries and having considered the matters described above, the
Trustees believe that the Charity will be able to continue to fulfil its charitable purpose, will
be able to meet its liabilities as they fall due and will have adequate resources to continue in
operational existence for the foreseeable future. Accordingly, the Trustees continue to adopt
the going concern basis in preparing the financial statements_
Trustees, Report - Page 21

Objectives and Activities
Ronald McDonald House Charities (UK)
was established in 1989 to provide
accommodation and other assistance for
children being treated in hospital and their
families,. also, to raise funds for children's
charities generally.
Historically this was achieved through the
funding and building of Ronald McDonald
Houses and Family Rooms in, or close
to, hospitals and children's hospices.
However, since 2007, the Charity has
focused exclusively on the charitable
objective of providing and operating
Ronald McDonald Houses to support
families who have a sick child in hospital.
Public Benefit Statement
The Trustees have complied with their duty to have due
regard to the Charity Commission's guidance on public
benefit under section 17 of the Charities Act 2011.
The Trustees continue to ensure that the activities provided
by the Charity meet the overall objectives of the Charity and
the provision of services to support families who have a sick
child in hospital is carried out for the benefit of the public.
Trustees. Report - Page 22

' Structure, Governance
and Management
The Charity is governed by a memorandum
and articles of association, which were last
amended materially in 2010 to reflect both
the Charity s right to borrow money where
appropriate, and the registration of Ronald
McDonald House Charities (UK) in Scotland
as per OSCR requirements.
Technology, and the Head of Marketing and
Communications. Along with the Executive
Team, we have an incredible team of staff
across Operations, Development, Fundraising,
Marketing and Communications, and Support
Services, split between our offices in London,
Sutton Coldfield and within our Ronald
McDonald Houses.
Governance and strategic leadership is
provided to the Charity by the Board of
Trustees, headed by an elected Chair.
Potential Trustees are chosen for their skills
and experience and, following interview and
due process, are elected to the Board of
Trustees by formal vote. They serve for an
initial period of three years after which they
may offer themselves for re-election.
We also have a passionate and dedicated
team of staff working within each of our
14 Ronald McDonald Houses who carry
out the Charity's objectives of providing
accommodation to families with seriously ill
children in hospital.
The Trustees, the Company Secretary,
Chief Executive and the Executive Team are
considered to comprise the key management
personnel in charge of directing and
controlling, running, and operating the Charity
on a day-to-day basis.
Trustees are inducted through an orientation
programme involving visits to the Houses,
training around the Charity's objectives and
strategic goals, and communication of their
legal responsibilities to the Charity.
All Trustees give their time freely. The pay
The full Board of Trustees meets quarterly.
of staff is reviewed annually and linked to
In addition, Trustees can serve on
individual performance throughout the period.
subcommittees according to their area of
Staff pay is benchmarked against pay levels
expertise and experience. These groups
in other charities of a similar size whilst using
report to the full Board for ratification and
pay grade ranges for all roles. A remuneration
approval of any suggested activities. The
committee provides support and reports into
Trustees and senior staff also meet to discuss the board.
specific issues as needed. Expenditure must
be approved by the Trustees through set
Ronald McDonald House Charities (UK) is
budgets, and this and other financial matters
a licensed chapter of a global network of
are monitored by the Finance and Governance charities. It works towards similar charitable
subcommittee.
aims and objectives but operates completely
independently of this
network. Of the 15
Ronald McDonald
Houses operating
in the UK at the
end of 2022,
one in Glasgow,
continues to be
Responsibility for the day-to-day management established as
of Ronald McDonald House Charities (UK)
an independent
is delegated to the Chief Executive and her
charity and does
Executive Team consisting of the Director
not from part of this
of Income Generation, Director of People
Annual Report.
and UK Operations, Director of Finance and
The liability of Trustees is limited. Every
member of the company undertakes to
contribute a maximum amount of £1 to the
company's assets if it should be wound up
while they are a member or within one year
after they cease to be a member.
Trustees. Report - Page 23

Reference &
Administrative Details
Trustees (Di rectors)
J Fergus (Chairman)
K Boyce (resigned 27 July 2023)
S Edwards
Dr S Fradd (resigned g May 2024)
S Hunsdale
S Kirk
M Morgan
R Mounsey
A Moys
Dr A Ohrling
G Pearson
D Ralph (appointed 11 July 2024)
H Trickey
A Wainwright
A Ward (appointed 27 July 2023)
Key management personnel
Chief Executive
Company Secretary
Company Secretary
Company Secretary
Director of Strategic Partnerships
Director of Income Generation
Director of People and UK Operations
Director of Finance and Technology
Director of Finance and Technology
Director of Estates
E Joseph
l Dart (until 13 September 2023)
S Winfield (13 September 2023 to 5 March 2024)
S Joy (from 5 March 2024)
A Ward (retired 28 April 2023)
T Morton
S Winfield
l Dart (until 13 September 2023)
S Joy (from 12 February 2024)
Farish (until 13 November 2023)
Registered Office
11-59 High Road
East Finchley
London N2 8AW
United Kingdom
03000 111 113
VlvVW.rmhc.oi"
Auditor
Ernst & Young LLP
l More London Place
London SE12AF
Truslees, Report - Page 24

Statement of Trustees,
Responsibilities
The Charity s financial statements have been prepared in accordance with the Accounting and
Reporting by Charities. Statement of Recommended Practice (SORP) applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102).
Company law requires the Trustees to prepare financial statements for each financial year.
Under that law the Trustees have elected to prepare the financial statements in accordance
with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting
Standards and applicable law). Under company law the Trustees must not approve the
financial statements unless they are satisfied that they give a true and fair view of the state of
affairs of the company and of the profit or loss of the company for that period. In preparing
these financial statements, the Trustees are required to.
select suitable accounting policies and then apply them consistently,
make judgements and estimates that are reasonable and prudent.,
state whether applicable Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient
to show and explain the company's transactions and disclose with reasonable accuracy at
any time the financial position of the 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 company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Statement as to disclosure of information to auditors
So far as the Trustees are aware, there is no relevant audit information (as defined by Section
418 of the Companies Act 2006) of which the company's auditors are unaware, and each
director has taken all steps that he or she ought to have taken as a director In order to make
himself of herself aware of any relevant audit information and to establish that the company's
auditors are aware of that information.
Auditors
In accordance with S485 of the Companies Act 2006, the auditor, Ernst & Young LLP. is
deemed to be reappointed.
The Report of the Trustees, which incorporates the requirements of the Directors, Report
as set out in the Companies Act 2006 (Strategic Report and Directors, Report) Regulations
2013 and the Strategic Report were approved by the Board, in their capacity as Trustees and
company directors, and signed on its behalf on 31 July 2024 by..
Docusigned by..
6919357F4C8..
ergus
Chairman
Trustees, Report - Page 25

Independent Auditorfs Report
Independent auditorfs ￿port to the members
of Ronald McDonald House Charities (UK)
Opinion
We have audited the financial statements of Ronald McDonald House Charities UK for the year
ended 31 December 2023 which comprise the Statement of financial activities, Statement
of total recognised gains and losses, Balance sheet, Statement of cash flows and related
notes I to 22 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 (United Kingdom Generally Accepted Accounting Practice), including
FRS 102"The Financial Reporting standard applicable in the UK and Republic of Ireland"
In our opinion the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 31 December
2023 and of its incoming resources and application of resources, including its income and
expenditure, for the year then ended,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006, the
Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities
Accounts (Scotland) Regulations 2006.
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 below. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance
with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
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 charitable company's ability to continue as a going concern for the period to 31 July 2025.
Our responsibilities and the responsibilities of the Trustees with respect to going concern
are described in the relevant sections of this report. However, because not all future events
or conditions can be predicted, this statement is not a guarantee as to the trustee's ability to
continue as a going concern.
Trustees, Report - Page 26

Independent Auditor's Report
Independent auditorfs report to the members of
Ronald McDonald House Charities (UK) (continued)
Other information
The other information comprises the information included in the annual report, other than the
financial statements and our auditor's report thereon. The Trustees are responsible for the
other information contained in the annual report.
Our opinion on the financial statements does not cover the other information and, except to
the extent otherwise explicitly stated in this report, we do not express any form of assurance
conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained
in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether
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 the other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report, which includes the directors, report and the
strategic report prepared for the purpose of company law, for the financial year for which
the financial statements are prepared is consistent with the financial statements., and
The strategic report and the directors, report included within the Trustees, report have been
prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audit, we have identified no material misstatements in the
strategic report included within the Trustees, report.
We have nothing to report in respect of the following matters where the Companies Act 2006
and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our
opinion..
adequate accounting records have not been kept or returns adequate for our audit have not
been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.
Trustees. Report - Page 27

Independent Auditorfs Report
Independent auditor's report to the members of
Ronald McDonald House Charities (UK) (continued)
Responsibilities of Trustees
As explained more fully in the statement of trustees, responsibilities set out on page 25, the
Trustees (who are also the directors of the charitable company for the purposes of company
law) are responsible for the preparation of the financial statements and for being satisfied that
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 charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related
to going concern and using the going concern basis of accounting unless management
either intends to liquidate the charitable company or to cease operations, or has no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee
Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance
with the Acts and relevant regulations made or having effect thereunder.
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
influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located
on the Financial Reporting Council's website at https.'//www.frc.org.uk/auditorsresponsibilities.
This description forms part of our auditor's report.
Explanation as to what extent the audit was capable of detecting irregularities,
including fraud
Irregularities, including fraud, are instances of non-compliance with laws and iegulations.
We design procedures in line with our responsibilities, outlined above, to detect irregularities,
including fraud. 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. The extent to
which our procedures are capable of detecting irregularities, including fraud is detailed below.
However, the primary responsibility for the prevention and detection of fraud rests with both
those charged with governance of the entity and management.
Truslees, Reporl - Page 28

Independent Auditor's Report
Independent auditor's report to the members of
Ronald McDonald House Charities (UK) (continued)
Our approach was as follows..
We obtained an understanding of the legal and regulatory frameworks that are applicable
to the company and determined that the most significant are Companies Act 2006, FRS
102"The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United
Kingdom Generally Accepted Accounting Practice), the Charities and Trustee Investment
(Scotland) Act, regulation 8 of the Charities Accounts (Scotland) Regulations 2008, relevant
Employee and Health & Safety legislation, Modern Slavery Act, Bribery Act, Proceeds of Crime
Act 2002, Money Laundering Regulations and General Data Protection Regulation ("GDPR').
We understood how the charity is complying with this framework by making enquiries of
management to understand how the how the company maintains and communicates its
policies and procedures in such areas.
Based on this understanding we designed our audit procedures to identify non-compliance
with such laws and regulations. Our procedures involved.. inquiries of management (and
where applicable those charged with governance),. review of Board minutes, and obtaining
written representations.
We assessed the susceptibility of the charity's financial statements to material misstatement,
including how fraud might occur by considering the risk of management override and by
assuming revenue recognition to be a fraud risk. We performed the following procedures
to support our understanding.. meeting with management to understand their assessment
of fraud risks, including balances with a susceptibility to fraud, determining which account
balances includejudgements and estimates and therefore have a higher inherent risk of
being fraudulently misstated, understanding the company's key performance indicators and
considering the processes and controls which the company has established to prevent and
detect fraud, and how those controls are monitored.
Where the risk was considered higher, we performed audit procedures to address each
identified fraud risk or other risk of material misstatement. We tested journals identified by
specific risk criteria back to source documentation or independent confirmation, ensuring
appropriate authorisation of the transactions.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's Trustees,
as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations
2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an 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 company and the company's members as a body, for our audit work, for
this report, or for the opinions we have formed.
D￿u5[g￿ed by..
FF88D30C2359461
Rebecca Turner (Senior statutory auditor)
for and on behalf of Ernst & Young LLP
Statutory Auditor
1 More London Place
London SE12AF
Date.. 31 July 2024
Trustees. Report - Page 29

Financial
Statements
Financial Statemenls - Page 30

Statement of
Financial Activities
(incorporating the income and expenditure account)
for the year ended 31 December 2023
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2023
2022
£'ooo
£'ooo
£'ooo
£'ooo
Note
Income from".
Donations and legacies
Other trading activities
Investments and bank
balances
Total income
12,640
2,223
852
13,492
2,223
12,469
1,626
507
507
156
15,370
852
16,222
14,251
Expenditure on..
Raising funds
Charitable activities
Total Expenditure
(4,2g2)
(10,535)
(14,827)
(4,2g2)
(12,080)
(16,372)
(4,606)
(8,188)
(12,795)
(1,545)
(1,545)
Net gains on investments
20
12
12
Net (expenditure) / income
555
(693)
(138)
1,457
Transfer between funds
Other recognised gains
Other income
79
240
(240)
3,968
Net movement in funds
79
795
(933)
(138)
5,425
Reconciliation of funds..
Total funds brought forward
Total funds carried forward
68,848
2,616
71,464
66,039
79
Notes 1 to 22 form an integral part of these financial statements
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Financial Statements Page 31

Balance Sheet
As at 31 December 2023
Registered Company No: 2252337
2023
£'ooo
2022
£'ooo
Note
Fixed Assets
Intangible assets
Tangible assets
Investments
Total Fixed Assets
75
76
20
679
54,512
755
55,946
506
55,741
743
56,990
Current Assets
Debtors
Cash at bank and in hand
Total Current Assets
17
1,487
15,957
17,444
1,533
14,634
16,167
Liabilities
Creditors.. Amounts falling due within
one year
78
(2,064)
(1,693)
Total Net Assets
71,326
71,464
The funds of the charity:
Restricted funds
79
1,683
2,616
Unrestricted funds
Designated Funds
General Funds
79
65,056
4,587
65,990
2,858
Total Funds
The Financial statements were approved by the Trustees and authorised for issue on
31 July 2024, and were signed on its behalf by.
Docusigned by..
FC816919357F4C8..
Jeff Fergus
Chairman
Financial Slalements - Page 32

Statement of Cash Flows
for the year ended 31 December 2023
2023
£'ooo
2022
£'ooo
Note
Cash flows from operating activities:
Net cash provided by operating activities
27
2,611
4,277
Cash flows from investing activities:
Investment income
Cash inflow from business combinations
Purchase of property, plant and equipment
Purchase of software
Net cash used in by investing activities
507
156
168
(1,359) (1,072)
(436)
(318)
(1,288) (1,066)
Change in cash and cash equivalents in the reporting period
1,323
3,211
Cash and cash equivalents at the beginning of the reporting period
14,634
11,423
Cash and cash equivalents at the end of the reporting period
22
15,957 14,634
Financial Statements - Page 33

Notes to the
Financial Statements
for the year ended 31 December 2023
l. Accounting policies
1.1 Basis of preparation
These accounts have been prepared in accordance with UK Generally Accepted Accounting
Practice, comprising Financial Reporting Standard 102-'The Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland ('FRS 102,) and the Charities
SORP second edition (FRS 102) issued by the Charities Commission in October 2019,
together with the reporting requirements of the Companies Act 2006, the Charities Act
2011, the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts
(Scotland) Regulations 2006. The Charity has adapted the Companies Act formats to
reflect the SORP and the special nature of the Charity's activities. The Charity is a public
benefit entity.
1.2 Preparation of the accounts on a going concern basis
The Charity is in a net current asset position at the balance sheet date. Given the Charity's
continued strong performance, the Trustees consider it reasonable that the company will
continue in operational existence until at least the end of the going concern assessment
period on 31 July 2025. Accordingly, they continue to adopt the going concern basis in
preparing the annual report and financial statements.
1.3 Income
Income is received by way of donations, special grants and interest on deposits. Income
resources are included in the statement of financial activities when the Charity is entitled to
the income and it can be quantified with reasonable certainty.
1.4 Taxation
As a charity, the company is exempt from tax on income and gains. As such, no tax
charges have arisen.
1.5 Cash Donations
Cash donations are included in the income and expenditure account when received.
1.6 Donated services and facilities
Donated professional services and facilities are recognised as income when the charity
has control over the item, any conditions associated with the donated item have been met,
the receipt of the economic benefit from the user by the charity of the item is probable and
that the economic benefit can be measured reliably In accordance with the Charities SORP
(FRS 102), the general volunteer time received within the Ronald McDonald klouses is not
recognised. More information about their contribution is referred to in the Trustees
i Annual Report.
Financial Stalemenls - Page 34

Notes to the
Financial Statements
for the year ended 31 December 2023
l. Accounting policies (continued)
1.7 Tangible fixed assets
Leasehold improvements and fixtures and fittings are stated at cost less depreciation.
The assets relate to Ronald McDonald Houses that are managed and run by the Charity.
Depreciation is provided on all fixed assets. The depreciation rates used are calculated to write off
the cost of each asset by equal annual instalments over its expected useful life as follows..
Leasehold improvement - the lower of unexpired portion of the lease or 40 years
Fixtures and fittings
ten years
Office equipment
three years
The carrying values of tangible fixed assets are reviewed for impairment when events or
changes in circumstances indicate the carrying value may not be recoverable.
1.8 Intangible fixed assets
Intangible fixed assets are held on the balance sheet at cost less accumulated amortisation and
impairment losses.
Computer software, including development costs, is capitalised as an intangible asset and
amortised on a straight-line basis over the expected useful life of three years. The carrying values
of intangible fixed assets are reviewed for impairment when events or changes in circumstances
indicate the carrying value may not be recoverable.
1.9 Fixed instruments
The Charity has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Basic financial assets, including trade and other receivables, cash and bank balances and
investments in commercial paper, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the transaction is measured at the present
value of the future receipts discounted at a market rate of interest. Such assets are subsequently
carried at amortised cost using the effective interest method. At the end of each reporting period
financial assets measured at amortised cost are assessed for objective evidence of impairment.
If an asset is impaired the impairment loss is the difference between the carrying amount and the
present value of the estimated cash flows discounted at the asset's original effective interest rate.
The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss
arising from an event occurring after the impairment was recognised, the impairment is reversed.
The reversal is such that the current carrying amount does not exceed what the carrying amount
would have been had the impairment not previously been recognised. The impairment reversal is
recognised in profit or loss.
Financial assets, including investments in equity instruments which are not subsidiaries, associates
orjoint ventures, are initially measured at fair value, which is normally the transaction price. Such
assets are subseqLJently carried at fair value which is their market closing price on the current
or previous trading day and the changes in fair value are recognised in profit or loss, except that
investments in equity instruments that are not publicly traded and whose fair values cannot be
measured reliably are measured at cost less impairment.
Financial Statements - Page 35

Notes to the
Financial Statements
for the year ended 31 December 2023
l. Accounting policies (continued)
1.9 Fixed instruments (continued)
Financial assets are derecognised when (a) the contractual rights to the Cash flows from the asset
expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are
transferred to another party, or (c) despite having retained some significant risks and rewards of
ownership, control of the asset has been transferred to another party who has the practical ability
to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Investments in equity instruments are classified as fixed asset investments when they are held with the
overall intention of retaining the investments long term for the continuing benefit of the Charity in the
form of income and capital gains.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction
price, unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if payment
is due within one year or less. If not, they are presented as non-current liabilities. Trade payables
are recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
1.10 Governance costs
Included within governance costs are salaries payable to administration staff, general office expenses,
auditors, remuneration and bank and legal charges.
1.11 Resources expended
Where costs cannot be directly attributed to Raising Funds and Charitable activities., the two categories
of expenditure presented on the face of the Statement of Financial Activities, they have been allocated
by proportion to activities based on the staff time spent carrying out the function. Fundraising costs are
those incurred in seeking voluntary donations,- support costs are those costs incurred directly in support
of the Charity's aims and include project management of new and existing projects,. management and
administration costs are those incurred in connection with administration of the Charity and compliance
with legal and statutory requirements.
In 2022, general support and governance costs ("support costs.) relating to salaries, administration, and
bank fees, of £1,99Ok were included within Expenditure on Raising funds of £4,606k as presented on the
face of the Statement of Financial Activities. In 2023, of the total support costs of £3,448k, £1,476k has
been allocated to Expenditure on Raising funds and £i,972k is allocated to Expenditure on Charitable
activities of as shown in the Statement of Financial Activities. This reallocation of expenses between
the two categories of expenditure has been made in order to provide a better presentation of the nature
of the expense. This reallocation is a disclosure item only and does not impact total expenditure as
reported in either the current year or the prior period ended 31 December 2022. This reclassification is
made for the current year with no adjustment to the amounts presented in the Statement of Financial
Activities and in notes 5, 6 and 7 in the prior period.
Financial Slatements - Page 36

Notes to the
Financial Statements
for the year ended 31 December 2023
l. Accounting policies (continued)
1.12 Business combinations
Business combinations are accounted for using the purchase method in accordance with
Section 19 Business Combinations and Goodwill and Section 34 Specialised Activities. The
cost of an acquisition is measured as the aggregate of the consideration transferred, which
is measured at acquisition date fair value.
The Charity determines that it has acquired a business when the acquired set of activities
and assets include an input and a substantive process that together significantly contribute
to the ability to create outputs.
The acquired process is considered substantive if it is critical to the ability to continue
producing outputs, and the inputs acquired include an organised workforce with the
necessary skills, knowledge, or experience to perform that process or it significantly
contributes to the ability to continue producing outputs and is considered unique or scarce
or cannot be replaced without significant cost, effort, or delay in the ability to continue
producing outputs.
When the Charity acquires a business, it assesses the financial assets and liabilities
assumed for appropriate classilication and designation in accordance with the contractual
terms, economic circumstances and pertinent conditions as at the acquisition date.
Business combinations at nil or nominal considerations which are in substance a gift are
accounted in accordance with Section 19 Business Combinations and Goodwill except that:
any excess of the fair value of the assets received over the fair value of the liabilities
assumed is recognised as a gain in income and expenditure. This gain represents the
gift of the value of one entity to another and recognised as income.
any excess of the fair value of the liabilities assumed over the fair value of the assets
received is recognised as a loss in income and expenditure. This loss represents the net
obligations assumed, for which the receiving entity has not received a financial reward
and recognised as an expense.
1.13 Funds
Unrestricted funds are funds given freely to the organisation that can be applied at the
discretion of the trustees in accordance with the Society's charitable objects.
Designated funds include funds set aside to cover the net book value of fixed assets and
any monies the Charity Trustees have set aside against board approved projects that are on
site or subject to contract.
Restricted funds are funds received for undertaking an activity specified by the donor when
making the gift or may result from the terms of an appeal for funds.
Financial Statements - Page 37

Notes to the
Financial Statements
for the year ended 31 December 2023
l. Accounting policies (continued)
1.14 Going Concern
The Charity has prepared cashflow forecasts for the period through to 31 July 2025
which reflect the expected impact of the macro-economic environment on income and
expenditure. The assessment of the Charity's ability to continue as a going concern has
included performing a reverse stress test on those forecasts.
Having reviewed this information the Trustees have a reasonable expectation that the
Charity has adequate resources and cash reserves to continue in operational existence
throughout the going concern period to 31 July 2025. The Trustees believe that the Charity
will be able to continue to fulfil its charitable purpose, will be able to meet its liabilities as
they fall due and will have adequate resources to continue in operational existence for the
foreseeable future. Accordingly, the Trustees continue to adopt the going concern basis in
preparing the financial statements.
1.15 Critical accounting estimates and judgements
In the application of the Charity's accounting policies, management is required to make
judgements, estimates and assumptions about the carrying amounts 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 are considered to be
relevant. Actual results may differ from those estimates and the estimates, along with their
underlying assumptions, are continually reviewed.
The following critical judgements have been made in the process of applying the Charity's
accounting policies and that has the most significant effect on the amounts recognised in
the financial statements..
Intangible assets.. The Charity establishes an estimate of the useful life of intangible
assets based on the expected useful life of the asset and the use by the charity. The
amortisation charge may increase if the useful life is less than the previously estimated
usef ul life.
Expenditure alloc8tions.' Expenditure is apportioned where it relates to more than one
cost category as detailed within the accounting policy for 'Resources expended, (Note
1.11).
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions
to accounting estimates are recognised in the period in which the estimate is revised if the
revision affects only that period, or in the period of the revision and future periods if the
revision affects both current and future periods.
Financial Slatements - Page 38

Notes to the
Financial Statements
for the year ended 31 December 2023
2. Income from donations and legacies
2023
£'ooo
2022
£'ooo
Donations
McDonald's Restaurants contributions
McDonald's collection boxes
McDonald's Cashless donations
McDonald's campaign
McDon81d's restaurant fundraising
Welsh carrier bag income
Scottish carrier bag income
General donations
Gift Aid
Operational income
Grant income
Corporate income
Community income
Gifts in Kind
Total income from donations
2,414
1,584
4,110
130
862
430
291
1,012
130
104
371
963
913
178
2,235
1,758
3,709
427
598
435
318
608
98
101
520
766
896
The income from donations was £13,492k (2022.. £12,469k) of which £12,640k was
unrestricted (2022. £11,1 g6k) and £852k restricted (2022. £1,273k)
Within the Total income from donations is £178k of income from donated goods and
services. These have been difficult to quantify in 2022 and have therefore not been
recognised in 2022.
The Charity benefits from the involvement and enthusiastic support of its volunteers,
details of which are given in the Trustee Report. In accordance with FRS 102 and
the Charities SORP (FRS102}, the economic contribution of general volunteers is not
recognised in the accounts.
Financial Statements - Page 39

Notes to the
Financial Statements
for the year ended 31 December 2023
3. Income earned from other activities
2023
£'ooo
4g6
472
128
248
579
16
228
56
2022
£'ooo
41
National gala dinner
Regional gala dinners
Regional golf tournaments
Regional events
Overseas golf tournament
Overseas apartment
Challenge events
Other
Total income earned from other activities
544
151
54
524
13
284
15
1,626
4. Investment income
2023
£'ooo
507
2022
£'ooo
156
Interest receivable
Interest receivable relates to interest earned on fixed asset investments (£18,000) and
interest earned on cash at bank (£489,000).
5. Analysis of Expenditure - Raising Funds
Directly Support
incurred
costs
Directly Support
incurred
costs
Total
2023
2023
£'ooo £'ooo
Total
2022 2022
£'ooo £'ooo
2023
£'ooo
2022
£'ooo
Donations and legacies
Other trading activities
1,672
1,144
2,816
876 2,548
600
1,744
1,476 4,292
657
1,503 2.160
1,990 2,466
3,493 4,606
456
1,113
For the basis of the allocation of governance and support costs, please refer to note 1.11
and note 7.
Financial Stalemenls - Page 40

Notes to the
Financial Statement
for the year ended 31 December 2023
6. Analysis of Expenditure - Charitable Activities
Activities
undertaken
directly Depreciation
£'ooo
£'ooo
Total
£'ooo
2023
Alder Hey
Arrowe Park
Birmingham
Brighton
Bristol
Camberwell
Cardiff
Edinburgh
Evelina London
Manchester
Moorfields
Oxford
Southampton
Tooting
Family Experience
Operations Team
Facilities management of Houses
516
165
468
295
223
356
332
363
586
139
38
215
35
655
203
683
330
224
465
502
469
941
662
82
840
695
284
32
501
2,540
10.108
109
170
106
355
221
441
79
426
496
266
32
501
2,136
7,681
414
199
18
404
2,427
Share of Support Costs (Note 7)
Share of Governance Costs (Note 7)
1,524
448
1,972
1,524
448
1,972
Total expenditure on charitable activities
9,653
For the basis of the allocation of governance and support costs, please refer to note 1.11
and note 7.
Financial Statements - Page 41

Notes to the
Financial Statements
for the year ended 31 December 2023
6. Analysis of Expenditure - Charitable Activities (continued)
Activities
undertaken
directly Depreciation
£'ooo
£'ooo
Total
£'ooo
2022
Alder Hey
Arrowe Park
8irmingham
Brighton
Bristol
Camberwell
Cardiff
Edinburgh
Evelina London
Manchester
Moorfields
Oxford
Southampton
Tooting
Family Experience
Operations Team
Facilities management of Houses
Total expenditure on charitable activities
329
138
405
209
58
320
301
256
100
38
218
33
429
176
623
242
58
406
480
364
86
179
108
524
367
891
431
212
643
62
365
399
231
157
437
64
434
199
19
799
598
250
157
441
1,458
6,080
109
2,108
1,567
8,188
For the basis of the allocation of governance and support costs, please refer to note 1.11
and note 7.
Financial Statements - Page 42

Notes to the
Financial Statements
for the year ended 31 December 2023
7. Analysis of governance and support costs
The Trustees initially identify the costs of its support functions. It then identifies those costs
which relate to the governance function. Having identifies its governance costs, the remaining
support costs together with the governance costs are apportioned across the charity. Refer
to the table below for the basis of apportionment and the analysis of support and governance
costs.
General Governance
support
function Total
£'ooo
£'ooo £'ooo
Basis of
apportionment
2023
Salaries, wages, and related costs
Administration
Depreciation
Bank and legal fees
Total governance and support costs
1,343
1,149
316
576 1,919
70.-30 split
5 1,154 Specific Cost
316
Specific Cost
59
59
Governance
640 3,448
2,808
Allocated between
Raising Funds (Note 5)
Cha ritable activities (N ote 6)
1,284
1,524
2,808
192 1,476 Timeand resources
448 1,972 Timeand resources
640 3,448
General Governance
Basis of
support
function Total apportionment
£'ooo
£'ooo £'ooo
2022
Salaries, wages, and related costs
Administration
Bank and legal fees
Total governance and support costs
1,082
464 1,546
360 360
84
84
908 1990
70.30 split
Governance
Governance
Financial Statements - Page 43

Notes to the
Financial Statements
for the year ended 31 December 2023
8. Business combinations
Alder Hey Family House Trust Limited
On 26 April 2022, Alder Hey Family House Trust Limited transferred certain assets and
liabilities to the Charity for a consideration of £1. Alder Hey Family House Trust Limited's
principal activity was providing free accommodation and assistance for the parents and
families of children undergoing treatment at Alder Hey Children's Hospital. Alder Hey
Family House Trust Limited was dissolved on 7 February 2023.
The fair values of the identifiable assets and liabilities of the Alder Hey Family House Trust
Limited as at the date of acquisition were..
Fair value recognised on acquisition (£'OOO)
Unrestricted Restricted
Funds
Funds
Total
Assets
Tangible assets
Investments
Stock
Debtors
Cash at bank
Liabilities
Creditors
Net assets
Gain recognised in income
Purchase consideration
2,818
2,818
773
773
91
91
92
92
95
95
2,815
2,815
865
865
3,680
3,680
Tangible assets acquired consists of leasehold improvements and fixtures, fittings and
equipment amounting to £2,569,000 and £24g,000, respectively. Since the leasehold
improvements held for its service potential to beneficiaries, the depreciated replacement
cost was used as proxy for the fair value measurement. Acquisition expenses of £117,000
were incurred in respect of this acquisition and expensed to the statement of financial
activities.
The expenditure relating to the Alder Hey House for the year had the Charity been acquired
on 1 January 2022 was £439,000. Income from donations and other activities is not split
by individual House and therefore cannot be specifically attributed to the Alder Hey House
for the year to 31 December 2022.
Financial Statements - Page 44

Notes to the
Financial Statements
for the year ended 31 December 2023
8. Business combinations (continued)
Ronald McDonald House Bristol
On 23 November 2022, Ronald McDonald House Bristol transferred certain assets and
liabilities to the Charity for a consideration of £1. Ronald McDonald House Bristol s
principal activity was providing free accommodation and assistance for the parents and
families of children undergoing treatment.
The fair values of the identifiable assets and liabilities of the Ronald McDonald House
Bristol as at the date of acquisition were..
Fair value recognised on acquisition (£'OOO)
Unrestricted Restricted
Funds
Funds
Total
Assets
Tangible assets
Cash at bank
Liabilities
Creditors
Net asset
Gain recognised in income
Purchase consideration
215
215
76
76
212
212
76
76
288
288
Tangible assets acquired consists of leasehold improvements and fixtures, fittings and
equipment amounting to £216,000. Since the leasehold improvements held for its service
potential to beneficiaries, the depreciated replacement cost was used as proxy for the
fair value measurement. Acquisition expenses of £58,000 were incurred in respect of this
acquisition and expensed to the statement of financial activities.
The expenditure relating to Ronald McDonald House Bristol for the year had the Charity
been acquired on 1 January was £345,531. Income from donations and other activities
is not split by individual House and therefore cannot be specifically attributed to Ronald
McDonald House Bristol for the year to 31 December 2022.
Financial Statements - Page 45

Notes to the
Financial Statements
for the year ended 31 December 2023
9. Auditorfs remuneration
2023
£'ooo
71
2022
£'ooo
85
Auditor's renumeration
In 2023 and 2022, the audit fee has been borne by McDonald's Restaurants Limited.
10. Staff costs and Trustees, remuneration and expenses
2023
£'ooo
6,220
630
491
2022
£'ooo
5,430
613
474
Salaries and wages
Social security costs
Pension costs
The number of staff whose emoluments fell within each of the following bands was.
2023
£'ooo
2022
£'ooo
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£130,000 to £139,999
£140,000 to £14g,9gg
£260,000 to £270,000
The Charity's Trustees were not paid nor received any other benefit from employment with
the Charity in the year (2022.. £nil). There were no reimbursed expenses during the year (2022..
£394). No Trustee of the Charity received payment for professional or other services supplied
to the Charity (2022.£nil)
The key management personnel of the charity comprise of the Chief Executive and the Senior
Leadership Team. For a short period of time, two Chief Executives were in post to allow for a
handover. The total employee benefits of the key management personnel of the Charity were
£781,937 (2022. £812,816).
During the year the charity made ex gratia payments totalling £61,111 (2022. £1,000)
Financial Statements - Page 46

Notes to the
Financial Statements
for the year ended 31 December 2023
11. Staff numbers
The average head count during the year was 224 staff (2022.. 201) and was made up
as follows.
2023
No.
2022
No.
Support staff
Fundraising staff
Operational staff
24
20
43
157
224
32
149
201
12. Corporation Taxation
The Charity is exempt from tax on income and gains falling within section 505 of the Taxes
Act 1988 or section 252 of the Taxation of Chargeable Gains Act 19g2 to the extent that
these are applied to its charitable objects.
13. Limitation by Guarantee
The Charity is limited by guarantee and as a consequence does not have share capital. The
Directors of the Charity comprise of Independent Trustees, and Trustee representatives of
McDonald's Restaurants Limited and its franchisees. The liability of every member is limited
to £1 each.
Financial Statements- Page 47

Notes to the
Financial Statements
for the year ended 31 December 2023
14. Related Party transactions
During the year, the company entered into transactions, in the ordinary course of
business, with related parties as listed below.
McDonald's Restaurants Limited is defined as related party of the charity, it is the
charity's main fundraising partner and the Charity and McDonald's Restaurants Limited
share certain members of key management. McDonald's Restaurants Limited lease
office space to the ch8rity on an ex-gratia basis. The Charity's received charitable
donations from McDonald's Restaurants Limited of £371,943 (2022. £279,606).
Additionally, McDonald's Restaurants Limited made donations of £721,421 (2022:
£459,553) in respect of the Welsh and Scottish carrier bag levies.
McDonald's Restaurants incur costs on behalf of the charity which are then recharged
at cost to RMHC. During the year McDonald's Restaurants Limited invoiced £7,180,451
(2022. £6,532,441) in recharges for costs incurred. As at 31 December 2023 the amount
due from the Charity to McDonald's Restaurants was £327,7g7 (2022: £513,988).
Forsters LLP is a related party of the Charity by virtue of a Trustee of the company also
being a partner of Forsters Lllp. The Charity engaged Forsters LLP for advice on various
estates related projects. Legal costs incurred during the year were £20,580 and at the
balance sheet date the amount of £9,780 was due by the Charity to Forsters LLP.
15. Intangible Fixed Assets
Software
£'ooo
Total
£'ooo
Cost.
At 1 January 2023
Additions
At 31 December 2023
637
637
436
436
1,073
1,073
Amortisation..
At l January 2023
Provided in the year
At 31 December 2023
131
263
394
131
263
394
Net book value:
At 31 December 2023
At l January 2023
679
679
506
506
Financial Stalemenls - Page 48

Notes to the
Financial Statements
for the year ended 31 December 2023
16. Tangible Fixed Assets
Leasehold Fixtures and
improvements
fittings
£'ooo
£'ooo
66,589
3,324
627
689
(149)
67,067
Office
equipment
£'ooo
342
43
Total
£'ooo
70,255
1,359
(149)
71,465
Cost.
At l January 2023
Additions
Disposals
At 31 December 2023
4,013
385
Depreciation..
At l January 2023
Provided in the year
Disposals
At 31 December 2023
12,625
2,123
(39)
14,709
1,696
302
193
53
14,514
2,478
(39)
16,953
1,g98
246
Net book value:
At 31 December 2023
At l January 2023
52,358
53,964
2,015
1,628
139
149
54,512
55,741
The net book value of leasehold improvements consists of..
2023
£'ooo
51,702
656
52,358
2022
£'ooo
53,308
656
53,964
Long leasehold
Short leasehold
17. Debtors
2023
£'ooo
536
g51
2022
£'ooo
1,165
368
Other debtors and prepayments
Accrued income
Financial Statements - Page 49

Notes to the
Financial Statements
for the year ended 31 December 2023
18. Creditors
2023
£'ooo
1,216
808
2022
£'ooo
693
883
Accruals
Other creditors
Deferred income
40
2,064
117
1,693
The deferred income balance relates to income received for events that will take place
in 2024. Out of the 2022 deferred income balance £117,000 was released in 2023 and
£40,000 is included in the year end balance relating to events that will take place in 2024.
19. Analysis of Charitable Funds
Designated
Designated
Funds
Funds
General
Fixed
Alder Hey Unrestricted
assets Refurbishment
funds
£'ooo
£'ooo
£'ooo
Restricted
funds
£'ooo
Total
£'ooo
Funds
At l January 2023
Incoming resources
Resources expended
Fixed asset investments
Additions
Amortisation
Depreciation
At 31 December 2023
2,616
852
(1,545)
56,9go
9,000
2,858 71,464
15,370 16,222
(12,086) (13,631)
12
12
(240)
1,795
(263)
(2,478)
56,056
(1,555)
(263)
(2,478)
4,587 71,326
1,683
9,000
It is the Charity's policy to ensure that funds are sufficient to cover at least four months of
operating costs. £4.6m remains undesignated to provide appropriate resources to cover the
charity's day to day running costs in the event of a sudden unexpected change in the Charity's
income levels. The Trustees have felt it prudent to ensure a balance of £13.6m of which £9m is
designated to the refurbishment of the Alder Hey House.
Financial Statements - Page 50

Notes to the
Financial Statements
for the year ended 31 December 2023
19. Analysis of Charitable Funds (continued)
The Scottish carrier bag levy that is received is restricted to expenditure of the operating of
the Ronald fklcDonald House Edinburgh. The expenditure in the year was £363,000 (2022..
£256,000). Equally the Welsh carrier bag levy is restricted to expenditure of the operating
costs of the Ronald McDonald House Cardiff which was £332,000 (2022. £301,000)
Designated
Designated
Funds
Funds
General
Fixed
Alder Hey Unrestricted
assets Refurbishment
funds
£'ooo
£'ooo
£'ooo
Restricted
funds
£'ooo
Total
£'ooo
Funds
At l January 2022
Incoming resources
Resources expended
Fixed asset investments
Assets acquired through
business combinations
Additions
Amortisation
Depreciation
Transfer between Funds
At 31 December 2022
1,356
1,273
(954)
54,037
10,645 66,039
12,g78 14,251
(9,626) (10,580)
(30)
30
941
2,747
1,390
(106)
(2,108)
(719)
(1,390)
2,g69
(106)
(2,108)
9,000
(9,000)
2 858 71464
56 990
20. Fixed asset investments
2023 Listed 2023
investments
Total
£'ooo £'ooo
743
743
2022 Listed 2022
investments
Total
£'ooo £'ooo
Cost or valuation
At 1 January
Additions
Net gains/{losses) in investments
At 31 December
773
773
(30) (30)
743
743
12
755
12
755
The historical cost of the shares at 31 December 2023 is £620,000 (2022. 620,000).
Financial Statements - Page 51

Notes to the
Financial Statements
for the year ended 31 December 2023
21. Reconciliation of net (expenditure) / income to
net cash flow from operating activities
2023
£'ooo
(138)
2,478
263
(12)
2022
£'ooo
1,457
2,108
106
30
Net (expenditure) / income for the reporting period
Depreciation charges
Amortisation charges
(Gain) / Loss on investments
Loss on the sale of fixed assets
Interest on investments
Decrease in debtors
Increase in creditors
Net cash provided by operating activities
(507)
46
371
(156)
126
606
22. Analysis of cash and cash equivalents
2023
£'ooo
15,957
2022
£'ooo
14,634
Cash in hand
Total cash and cash equivalents
Financial Slalemenls - Page 52