Lanarkshire Health Charity (formerly Lanarkshire Health Board Endowment fund) Scottish Charity No.- SC005674 Annual Report and Accounts for the year ended 31 March 2026
Lanarkshire Health Charity Annual Report and Accounts - Yeer Ended 31 March 2026 PAGE TRUSTEES, ANNUAL REPORT AUDITOR'S REPORT 13-17 COMBINED STATEMENT OF FINANCIAL ACTIVITES AND INCOME & EXPENDITURE ACCOUNT 18 BALANCE SHEET 19 STATEMENT OF CASH FLOWS 20 NOTES TO THE ACCOUNTS
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 TRU5TEE5' ANNUAL REPORT A BIG THANK YOU On behalf of the patients and staff who have benefited from improved services due to donations and legacie5, the Trustees would like to thank patients, relatives, staff, local people, NHS Charities Together and all others who have made charitable donations. The Trustees have pleasure in presenting the Annual Report together with the Audited Financial Statements for the year ended 31 March 2026. The Annual Report and Accounts, for the year ended 31 March 2026, are prepared in accordance with the trust deed and the recommendations of the Charities Statement of Recommended Practice (Charities SORP), and complies with applicable law. The Board is the sole Corporate Trustee of Lanarkshire Health Charity (formerly Lanarkshire Health Board Endowment Fund) and all Members of the Board act as Trustees ex officio of the Charity supporting the Corporate Trustee. The NHS Lanarkshire Board members are: The Trustees of the Fund are: L. McDonald M. Hill K. Kasper L. Long M. Breen Professor S. J. Pravinkumar Dr. C. Deighan B. Moore S. Stewart M. Lees A. Boyle J. Muir D. Reid S. White P. Couser N. Dar C. Lee Cllr M Coyle Cllr E Logan J. Duffy S. Haldane C. Lauder T. Marshall Dr C James M McLuskey Trustee of the Fund (Chair) Trustee of the Fund (to 31 December 2025) Trustee of the Fund (from 26 January 2026) Trustee of the Fund (from 5 May 2025) Trustee of the Fund (to 5 October 2025) Trustee of the Fund Trustee of the Fund Trustee of the Fund Trustee of the Fund Trustee of the Fund (to 5 June 2025) Trustee of the Fund (to 1 September 2025) Trustee of the Fund Trustee of the Fund Trustee of the Fund Trustee of the Fund Trustee of the Fund (to 31 January 2026) Trustee of the Fund Trustee of the Fund Trustee of the Fund Trustee of the Fund Trustee of the Fund Trustee of the Fund (to 4 May 2025) Trustee of the Fund Trustee of the Fund (from 6 June 2025) Trustee of the Fund (from 6 October 2025 to 31 December 2025) Trustee of the Fund (from 8 December 2025) F McEwan Page11
OBJECTIVES AND ACTIVITIES The primary objective of the charity as defined by the National Health Service (Scotland} Act 1978 is the advancement of health for the population of NHS Lanarkshire. Trustees pursue this through - improvement in the physical and mental health of the local population-, the prevention, diagnosis and treatment of illness., the provision of services and facilities in connection to the above., and research into any matters relating to the causation, prevention. diagnosis or treatment of health. It is the practice of the Trustees to use the charity's resources to support projects and initiatives not normally funded by the Health Service where relevant to the Board's objectives and in accordance with the above. In addition, the Trustees will observe any conditions attached to a donation or legacy prescribed by a donor to the charity, so far as is reasonably practicable, and consistent with the above purpose and law. However, it is the Trustees who ultimately decide where and when monies will be spent. The grant of endowment funds should not substitute for a core provision within the NHS Board's financial plans. Nor should endowment funds be used to cover responsibility of the NHS Board that is a direct requirement of health and safety or employment law or a ministerial policy direction. ACHIEVEMENTS AND PERFORMANCE In 2025-26 the Chaiity is pleased to have been able to support even more projects than in prior years. In yearthrough the Charity general fund investments were made in.. Helping give newborn babies the best start Helping stroke survivors rebuild their lives Helping fund the staff orchestra and big band Purchasing sustainable Christmas Trees for our hospital sites. Hel Give Newborn Babies the Best Start When a baby is born needing urgent medical support, every second matters. Thanks to the generosity of local people who donate to Lanarkshire Health Charity, clinicians at University Hospital Wishaw now have access to specialist technology that is helping deliver safer care for some of our most vulnerable patients. Page12
Lanarkshire Health Charity Annual Report and Accounts- Year Ended 31 March 2026 Funding has enabled the purchase of a neonatal videolaryngoscope. an advanced piece of equipment used to help doctors and neonatal specialists manage a baby's airway during critical procedures. Although relatively few babies require intubation, it remains one of the most important and potentially life-saving procedures carried out in neonatal care. As medical practice evolves and fewer babies require this intervention, opportunities for staff to gain hands-on experience have naturally reduced. The videolaryngoscope helps address this challenge by providing a clear, enhanced view of the airway, improving the likelihood of SucsSful treatment on the first attempt. For babies, this means safer care and a reduced risk of complications during procedures. For the NHS clinicians, it provides a valuable training and learning tool, allowing experienced specialists to guide and support colleagues in real titne. The equipment will also support the delivery of newer treatments for premature babies, helping clinical teams provide the highest standard of care in line with national guidance and best practice. Importantly, the benefits of this investment will be felt for many years to come. As a major teaching hospital, University Hospital Wishaw trains healthcare professionals from across Scotland. By equipping staff with the latest technology, donations are helping to develop tho skills of future generations of neonatal clinicians while improving outcomes for babies receiving care today. Hel in stroke survivors rebuild their lives Thanks to the generosity of local people's donations. stroke survivors in Lanarkshire now have access to innovative rehabilitation technology that is transforming recovery and helping people regain their independen. Funding from Lanarkshire Health Charity has supported the development of Technologically Enhanced Rehabilitation Gyms (TERGS) at University Hospital Wishaw and Blantyre Life. These specialist facilities use interactive technology, digital feedback and rehabilitation equipment to help people recovering from stroke rebuild strength, movement and confidence The technology allows patients to track their progress, set goals and stay motivated throughout their recovery journey. The result is a better experience that encourages people to complete more rehabilitation activity and achieve better outcomes. The impact of this investment extends far beyond the equipment itself. Public donations made to Lanarkshire Health Charity are helping more people access Page13
Lanarkshire Health Charity Annual Report and Accounts- Year Ended 31 March 2026 rphahilitAtinn qervices at a time when demand continues to grow. The facilitlgs can enable hundreds of stroke survivors to receive support closerto home, helping them recover mobility. improve their quality of life and maintain their indeppndp.nce. for longer. The project is also helping NHS Lanarkshire in collaboration with the University of Strathclyde develop new approaches to rehabilitation that could benefit future generations of patients. By supporting innovative research and technology, donors are helping to shape the future of healthcare not only in Lanarkshire but potentially across Scotland and beyond. Most importantly, every pound donated is making a real difference to people and families affected by stroke. It is helping individuals take important steps towards recovery, return to activities they enjoy, and regain confidence in their daily lives. Fundin for a Staff Orchestra and Bi Band This project is aimed at promoting mental wellbeing, reducing stress and improving team work through the social aspects of music making. This initiative aligns with NHS priorities around health and wellbeing. helps with stress reduction and is a cost- effective, creative approach to building a supportive, friendly culture in the workplace. Pu[Glicl¥l1I iustainable Christmas Trees for our hos Ital sites. The purchasing of 5 external Christmas trees for University Hospital Wishaw, Univer81ty H08Pltal Hairmyers, StonehoU¢ and Airbles Road. Previously external trees were procured to be delivered to the above sites each year with a freshly cut tree. Funding this proposal to plant a tree on each of the sites. removing the requirement for purchasing annually, showed the Charity's commitment to being environmentally sustainable. The total spend on new equipment and enhancements of £95,759 represents a vital and valuable contribution to enhancing the provision of clinical care. The charity also funds on an annual recurring basis.. Staff education expenditure includes organising conferences for the benefit of NHS Lanarkshire staff and other health professionals. Patient Welfare including funding for patients, outings, Christmas gifts and dedicated Citizens Advice Services. The Trustees continue to promote the health charity (formerly endowment fund) through the NHS Lanarkshire website. Further information can be found here Endowmenl Fund NHS Lanarkshire scot.nhs.uk Page14
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 During the year, the Trustees considered the implications of the review of NHS Scotland endowment funds with a view to implementing as required. Further information can be found here A endix 2 - Governance of NHS endowment funds= revlew re ort- ov.scot ov.scot . NHS Charities To ether Grants In additional to the above, following on from the successful application of two significant grants from NHS Charities Together in 2021-22, NHS Lanarkshire was successful in receiving two further grants for improvements to Green Space, one for the Hospital Gardening Project and the second for the Rutherglen Primary Care Centre. The Green Health: Community Hospital Gardening project funded through a further grant from NHS Charities Together began in 2024-25 and focuses on continuing to expand our therapeutic programme and establishing new biodiverse green spaces across the NHS Lanarkshire estate. A key milestone during this period was the official opening of the new CAMHS garden at Udston Hospital on 1st October 2025. The garden was developed with the support of volunteers, and provides a calm, therapeutic outdoor space for children and young people supported by CAMHS. This marked an important extension of the project into a child and adolescent mental health setting and reflects close collaboration between Clydesdale Community Initiatives, NHb seNices and the Lanarkshire Green Health Partnership. Key areas to work towards in the coming months include.. arrying out winter maintenance, preparing beds and Plantlng areas so they are ready for spring. Continuing regular NHS gardening sessions, adapting activities to suit the weather while keeping groups meeting and in touch. Looking after new planting, including trees, roses, bulbs and pollinator areas and making sure these establish well. Planning and delivering early spring planting sessions across sites, including food growing and planting for pollinators. Using indoor spaces when needed so groups can continue to meet, learn and plan during periods of bad weather. Keeping referral routes active and supporting volunteers to stay involved as the growing season approaches. The second of these grants for the Rutherglen Primary Care Centre where progress has been slower than anticipated due to a combination of ill health, limited capacity from some of the groups we had hoped to collaborate with, and general time constraints. Page15
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 Over the next qix mnnths the team is looking to complete milestones in.. Construction and installation of raised beds, along with preparing them for growing vegetables and herbs during the current growing season. Development of a picnic area for staff to enjoy during the warmer months. Planting around the picnic area to create a more private and relaxing environment for staff during breaks. FINANCIAL REVIEW Total income for the year was £279,734, which is a decrease from £406.108 in 2024- 25. Income during the year consisted of donations of £148,197, this included the generous grants provided by NHS Charities Together. Other sources of income included £131,537 of dividend income. A number of organisations and individuals continue to support the charity and a list of donations of £5,000 or more is included in Note 3 to the accounts. Total expenditure of the charity for 2025126 was £355,637 {2024125.' £593,737). Expenditure on raising funds was £54,921 in 2025126. This comprised.. investment managers, costs of £30,183 and governance & support costs of £24,738. Charitable expenditure was £300,716 in 2025126. A full list of the items that make up this cost is provided in Note 6 to these accounts. Investment valuation= were largely positive in the first few months of 2026 but saw decline due to heightened volatility in global markets as a result of the ongoing conflicts in the Middle East. The portfolio generated a return of +6.60/0 below the benchmark of 10.0 % for the year but above CPI +4 % which was +6.3 %. The SMAF portfolio returned +9.20/0 over the 12 months to 31.03.2026, ahead of the CPI +40/0 investment objective whiGh stood at 0.3°/o. Tliis resulled iri uiirealised gains of £209,630 (2024125 unrealised losses £433,339) and realised gains of £47,547 (2024-25 realised gains £338,002). The combined net movement in funds for the year was a surplus of £181,274 (2024-25 deficit.. £282,966). INVESTMENT POLICY & PERFORMANCE In accordance with the Trust deed, the Trustees have the power to invest the assets of the Fund as they see fit, within current regulations. The charity holds all of its investments in the NHS Lothian Endowments Common Investment Fund. The fair value of the investmenl at 31 March 2026 was £4,760,496. Page16
Lanarkshire Health Charity Annual Report and Accounts- Year Ended 31 March 2026 The investment strategy seeks to preseNe capital in real terms using a moderate approach to risk, with a long term return target of CPI +4 %. The charity has an ethical investment approach and investtnent in tobacco, alcohol and any other areas which might bring the health service into disrepute, is not permitted. Reserves Policy The policy on restricted funds is to separately record donations. legacies and other sources of income where restrictions are imposed that are narrower than the charity's overall objectives. Where these resources have not been fully utilised in the year for their purpose, the balance on the fund is detailed in Note 14 to the financial statements. Unrestricted charity funds have accumulated over a considerable number of years. They provide a buffer against fluctuations in the annual level of donations and the value of underlying investments. They provide the ability for the Trustees to support with confidence a steady level of annual expenditure for the advancement of health. The policy of the charity is to ensure that a minimum reseNe balan of £2m is to be held within the investment fund. Where money has been donated to a particular area or project, rffund holders wish to keep reserves for more than three years this must be explained giving a clear timetable for their application beyond this period. The amount held in reserves at 31 March 2026 is £5,424,470. This is split between unrestricted reserves of £4,180,943 aFid resli iGted reseives of £1,243,af27. Risk Managom8nt The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances ofthe Fund and are satisfied that systems are in place to identify and mitigate exposure to all major risks. A risk register forms part of the agenda for the meetings of the Trustees and Charity Sub-committee. The most significant risks identified were possible losses from a fall in the value of investments and the level of reserves available to mitigale the impact of such losses. These have been carefully considered and there are procedures in place to review the investment policy and to ensure that both spending and fimi financial Gommitments remain in line with income. Income and expenditure is monitored and reports are produced monthly to detect issues and to avoid any unforeseen calls on reserves. PLANS FOR FUTURE PERIODS While ensuring the chartty remains within its reserves policy, Trustees will accept bids for funding during the year that are in line with the objeclives of the charity, following a process of prioritisation. Page17
Lanarkshire Health Charily Annual Report and Accounts- Year Ended 31 March 2026 STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is an unincorporated charity administered under the terms of sections 82, 83 and 84a of the National Health Service (Scotland) Act 1978. The fund is constituted under the Charity Charter with the trustees responsible for the general control and management of the fund. The members. term of Offi shall be established at their appointment. All trustees have the right to attend committee meetings and have access to the papers. The Charity is administered by the NHS Lanarkshire Finan Department and is sub-divided into smallerfunds and one large general fund, for operational purposes. Expenditure from the Charity is approved only if it is in accordance with the Charitvs objectives. A separate record of each individual fund's income and expenditure is maintained. The Trustees appoint the Charity Sub-committee, which consists of nine Trustees. Fundholders submit expenditure requests to the Charity Sub-committee as part of the annual budget process. The Charity Sub-committee reviews and recommends these to be submitled to the Trustees for approval. The Charity Sub-committee members are.. B. Moore L. Long T. Marshall S. Haldane S. Stewart F. McEwan L. McDonald C. Deighan C. James Chair of Charity Sub Committee Mcmbcr of Charity Sub Committee Member of Charity Sub Committee Member of Charity Sub Committee Member of Charity Sub Committee Member of Charity Sub Committee Member of Charity Sub Committee Member of Charity Sub Committee Member of Charity Sub Gommittee The Charity Sub-committee is appointed by the Trustees and is responsible for the overall management of the Fund. The Committee is required to: Control, manage and monitor the use of the charity's resources,. Manage and monitor the receipt of all income., Ensure that "best practice" is followed in the conduct of all its affairs, fulfilling all its legal responsibilities., Ensure that the Investment Policy approved by the Trustees is continually reviewed whilst being aware of ethical considerations., and Keep the Trustees fully informed on the activity, perf0rrnan and risks of the Fund. Page18
Lanarkshire Health Charity Annual Report and Accounts- Year Ended 31 March 2026 The Sub-committee meets regularly and reports directly to the Trustees. The Charity has approved policies and procedures for the guidance of staff. These provide information about the Fund, including the governing regulations, guidance on donations, expenditure, delegated authority, annual budgets and flnanclal control. These documents together with the Trustees, Committee Terms of Reference are issued to new Trustees members as part of an induction pack. The accounting records and the day-to-day administration of the Fund are dealt with by the NHS Lanarkshire Finance Department located at Kirklands Hospital, Fallside Road, Bothwell, G718BB. In line with the funds reserves policy, income and expenditure is monitored monthly to highlight any potential issues and corrective action taken when appropriate. It is believed that the fund will continue as a going concern. Performance Managoment The Trustees require fundholders to gubmit annual budget requests with clear explanations and reasons for new items of expenditure. Other expenditure requests are submitted on a proforma business case and must clearly demonstrate what difference the proposal will make and what benefit it will provide. Page19
Lanarkshire Health Charity Annual Report and Accounls- Year Ended 31 March 2026 REFERENCE AND ADMINISTRATIVE DETAILS The Lanarkshire Health Charity was established in 1974 as part of the National Health Service reorganisation. Ils powers are derived from Section 37 of the National Health Service (Scotland) Act 1972 as amended by Section 82 of the National Health Service (Scotland) Act 1978. The Charity must comply with the provisions in the Charities and Trustee Investment (Scotland) Act 2005 which deals with the supervision of charities in Scotland, and regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended) which requires the financial statements to be audited. Lanarkshire Health Charity, registered Scottish Charity Number SC005674, is recognised by HM Revenue and Customs and its registered Tax File Reference Number is ST 01807. Principal Office The Principal Office for the Charity is.. NHS Lanarkshire Kirklands Hospital Fallside Road Bothwell G718BB Principal Professional Advisers Bankers Virgin Money 47 Main Street Baillie- G69 6SQ Investment Advisers Schroder & Co. Limited 1 London Hall Place London EC2Y SAU Auditor Azets Audit Services Statutory Auditor Titanium 1 King's Inch Place Renfrew PA4 8WF Page | 10
Lanarkshire Health Charity Annual Report and Accounts- Year Ended 31 March 2026 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Annual Report and Accounts in accordance with appliGable law, regulations 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" The law applicable to charities in Scotland requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charityforthat period. In preparing these accounts, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP. make judgements and accounting estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities and Trustee Investment (Scotland) Act 2005, The Charities Accounts (Scotland) Regulatlons 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and honce for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions. Statement of Disclosure of Information to Auditor In so far as the Trustees are aware.. there is no relevant audit information of which the charity's auditor is unaware., and The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Pagel 11
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 Approved by the Trustoes and signed on their behalf by.. Signed.......l.J NY) !4............ Date.. 24 June 2026 Trusteè Signed........ Trustee Date.. 24 June 2026 Page | 12
Lanarkshlre Health Charity Annual Repuil arid Accounts - Yeai Elided 31 March 202G INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES We have audited the financial statements of Lanarkshire Health Charity (formerly Lanarkshire Health Board Endowment Fund) for the year ended 31 March 2026 which comprise the Combined Statement of Flnanclal Actlvities and InGome and Experidiluie A6GouiiI, the BalaiiGe Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2026 and of its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally ACpted Accounting Practice., and have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended). 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 responsibiliti@g for the aLii4it nf thp. financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our ethical responsibilities In accordan with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Page113
Lanarkshlre Health Chariiy Annual Report and Accounts - Year Ended 31 March 2026 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES ICONTINUEDI Other information Tliè vlliei ii)formalion comprises the Infomiatlon Included in the annual report, other Ihan the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent othewise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charilies Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion.. The information given in thp financial statem@nts is inconsistent in any material raspact with the Trustees, Report., or Proper accounting records have not been kept., or The financial statements are not in agreement with the accounting records., or We have not received all the information and explanations we require for our audit. Responsibilities of the trustees As explained more fully in the trustees, responsibilities statement set out on page 12, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page114
Lanarkshire Health Gharlty Annual Report and Accounts - Year Ended 31 Marcli 2026 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES {CONTINUED) Auditor's responsibilities for the audit of the financial statsments We have been appointed as auditor uridei be6lioii 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordan with the Act 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 rf, 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.. www.frc.or . uklauditorsres onsibilities. This description forms part of our Auditor's Report. The extent to which the audit was considered capable of detecting irregularities including fraud Irregularities, including *raud, are instances of non-complian with laws and regulations. We design prOdureS in line with our responsibilities, outlined above and on the FRC'S website, to detect material misstatements in respect of irregularities. including fraud. We obtain and update our understanding of the charity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the charity is complying with that framework. Based on this understanding, we identify and assess the risks of rnateiial Inisstdleirieiil of Ili¢ financial stateiiienls, whether due to fraud or error, design and perform audit procedures SponSive to those risks, and obtain audit evidence that is suffiGient and appropriate to provide a basis for our opinion. Thi8 includes considcration of the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including non-compliance with laws and regulations, was as follows.. The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; We identified the laws and regulations applicable to the charity through discussions with the trustees, and from our knowledge and experience of the charity sector,. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Charities and Trustee Investment (Scotland) Act 2005, the Charilies Accounts (Scotland) Regulations 2006 (as amended) and taxation, data protection, anti-bribery. environmental and health and safety legislation., Page | 15
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES (CONTINUED) Auditor's responsibilities for the audit of the financial statements (continued) we assessed the extent of compliance with the laws and regulations identified above through making enquiries of the trustees and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation. reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and claims., and reviewing any correspondence with HMRC, relevant regulators and the charity's legal advisors. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management and the trustees as to where they considered there was susceptibility to fraud, their knowledge of actual, SUbPeGlgd and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed aiialytical prvb¥dure5 to identify any unusual or unexpected relationships- tested journal entries to identify unusual transactions-, assessed whetherjudgements and assumptions made in determining the accounting estimates were indicative of potential bias., and investigated the rationale behind significant or unusual transactions. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Page | 16
Lanarkshlre Health Charlty Annual Report and Accounts - Year Ended 31 March 2026 INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES ICONTINUED) Use of our report This report is niade solely to the charity's trustees, as a body, in accordan with regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has been undertaken so that we might state to the charity's trustees, as a body, thosc matters wc arc required to state to thcm in an Auditor's Rcport and for no othcr purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Azets Audit Services statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Titanium 1 Kiiig's IIiGh PlaGe Renfrew PA4 8VVF Date 24 June 2026 Page | 17
Lanarkshire Health Charity Annual Report and Accounts- Year Ended 31 March 2026 COMBINED STATEMENT OF FINANCIAL ACTIVITIES AND INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 2026 Unrestricted Restricted 2026 2026 2025 2025 2025 Total Unrestrlct¢d Restricted Total Income and Expendlture Funds Funds Funds Funds Funds Funds Notgs Income Donations & legacies Income from Investments 66,199 131,537 81,998 148,197 131,537 80,381 123,939 201,788 282,169 123,939 Total Income and Endowments 197,736 81,998 279,734 204,320 201,788 4C6.108 Expenditure on Raising Funds Investment managers. costs Governance & Supporl cos15 30,183 30.183 29,390 29,390 24,738 24,738 24,090 24,090 Total Expendlture on Raising Funds 54,921 54,921 53,480 haritable Expenditure 224,730 75,986 300,716 338,705 201,552 540,257 Total Expenditu 279,651 75,986 355,637 392,185 201.552 593,737 Nèt gaSn I Ilos$l on Investment assets 257,177 257, 177 195,337) 195,3371 Ntrl ivioverii¥iit iii Fund¥ 175.262 6,012 181,274 1283,2021 236 1282,966) Re¢onclllatlon of Funds Fund balances brought fonard 4,005,681 1,237,515 5,243,196 4,288,883 1,237,279 5,526,16; Fund balances carried forward 4,180,943 1,243,527 5,424,470 4,005,681 1,237,515 5.243,19E The Combined Statement of Financial Activities and Income & Expenditure Account includes all gains and losses recognised in the above two years. The notes on pages 21 33 form part of these financial statements. Page | 18
Lanarkshire Health Charity Annual Report and Accounts- Year Ended 31 March 2026 BALANCE SHEET AS AT 31 MARCH 2026 Notes 2026 2025 Fixed Assets Investments 4,760,496 4,901,965 Current Assets Debtors 31,562 7,648 Cash and cash equivalents 10 401819 Liabilities Creditors.. amounts falling due within one year 49 532 Net Current Assets 663 974 341231 Net Assets 5 424 470 5 243 196 Funds Balance Unrestricted funds Restricted funds 13 14 4,180,943 1,243,527 4,005,681 1,237,515 5,424,470 5 243 196 The Statement of Financial Position and Combined Statement of Financial Activities and Income & Expenditure Account were 8ubmitted at the Endowment Trustees, meeting on 24 Junc 2026, and were duly approved and authorised for issue. Signed.. Trustee (Chair) l - A_ HV,,JJ Date... ..ty./L /? Signed..................... Trustee The notes on pages 21- 33 fomi part of these financial statements. Page | 19
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 STATEMENT OF CASH FLOWS 2026 2025 Cash flo18 from op•rating activitlO8: Note6 Net cash (used in) operating activities 18 (219,875) (220,300) Cash flows from investing activities: Cash drawn down from investments 500 000 Change in cash and cash equivalents for the reporting period 280,125 (220,300) Cash and cash equivalents at 1 April 2025 401819 622119 Cash and cash equivalents at 31 March 2026 681944 401819 Other non-cash changes AsAt31 Ivlarch 2026 AsAt1 April 2025 Cash flows Cash and ca8h equivalents Cash Cash equivalents 401,819 280,125 681,944 401,819 280,125 681,944 Borrowings Debt due within one year Debt due after one year Total 401,819 280,125 681,944 The notes on pages 21 33 form part of these financial statements. Page | 20
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 NOTES TO THE ACCOUNTS 1. General information These financial statements are presented in pounds sterling (GBP) as that is the currency in which the charity's transactions are denominated. The principal activity of Lanarkshire Health Charity (Formerly Lanarkshire Health Board Endowment Fund) is the advancement of health for the population of NHS Lanarkshire. Lanarkshire Health Charity is an unincorporated charity. It is recognised as a charity for tax purposes by HMRC and registered with the Office of the Scottish Charity Regulator (OSCR) under charity number SC005674. Details of the registered office can be found on page 11 of these financial statements. 2. Principal accounting policies The principal accounting policies applied in the preparation of these financial statements are noted below. These policies have been applied consistently to all the years presented in dealing with items whiGh are Considered material in relation to the charity's fund statements unless otherwise stated. Basis of preparation The financial statements have been prepared under the historical cost convention unless otherwise specified within these polices and in accordance with United Kingdom Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") (United Kingdom Generally Accepted Accounting Practice). the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the Uiiiled Kiiigdoim aiid RepubliG of Ireland (FRS102)" the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). Lanarkshire Health Charity meets the definition of a public benefit entity under FRS102. Assets and liabililies are initially recognised at historical cost or transaction value unless othenNise stated in the relevant accounting policy. The preparation of these financial statements requires the use of certain critical accounting estimates. It also requires trustees to exercise their judgement in the process of applying the accounting policies. Use of available information and application of judgement are inherent in the fomiation of estimates. Actual outcomes in the future could differ from such estimates. There are no areas involving a higher degree of judgement or areas where assumptions and estimates are significant to the financial statemen Page | 21
Lanarkshire Heallh Charity Annual Report and Accounts - Year Ended 31 March 2026 Going concern The financial statements have been prepared on a going concern basis. The validity of the going concern basis dpppnd4 on the ability of the charity to operate within its available funds. The trustees are satisfied that the charity can meet its liabilities as they fall due for the foreseeable future. On this basis the trustees consider it appropriate to prepare the financial statements on a going concern basis. Income Income is recognised when the charity has legal entitlement to the funds, the receipt is probable and the amount can be measured reliably. The following specific policies are applied to particular categories of income.. Donations and legacies are recognised and included in the Combined Statement of Financial Activities and Income & Expenditure Account when the charity has control over the donation or legacy, any conditions associated with the donation or legacy have been met, the receipt of economic benefits is probable and that the economic benefit can be measured reliably., Income from investments and bank interest are recognised when receivable and the amounts can be measured reliably. Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure is cla88ified under the following hcadingS- Costs of raising funds comprise the costs associated with attracting voluntary income in rclation to donations and legacie$. It also includes costs in relalion lo Ilie management of the charity's investments. Charitable expenditure comprises those costs incurred by the charity in th9. dplive.ry of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to suppori thetn., Governance and support costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Staff costs are allocated between the expenditure categories in the Combined Statement of Financial Activities and Income and Expenditure Account on a "staff time and use of resources" basis. Taxation The fund is a charity and is recognised as such by HM Revenue and Customs for tsxation purposes. As a result, there is no liability to taxation on any of its income. Page | 22
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 Fund accounting Funds held by the charity are either.. Unrestricted Funds These are funds that can be used in accordance with the charitable objects at the discretion of the Trustees. Restricted Funds These are funds that can only be used for particular restricted purposes in accordance with specific restrictions imposed by donors. Investments Investments are initially recognised at their transaction value and subsequently measured at their fair value as al the balan sheet date using the closing quoted market price. The Statement of Financial Activities included the net gains and losses arising on revaluation and disposals throughout the period. Dgbtors Accrued income is recognised in the financial period to which it relates to and when the Charity is entitled to receive the income. Prepayments are valued at the amount prepaid. Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Creditor8 Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basi financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Page | 23
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 Donations and legacies Voluntary income represents all income receivable by the charity by way of donation, legacy and other gifts. All income is shown gross of income taxes as the charity is a registered charity. Total donations for the year amounted to £148,197 (2025.. £282,169). Donations of £5,000 and over received during the year, amounting in total to £77,599 are shown below.. Donor NHS Charities Together L. Mccreaddie NHS Charities Together J. Wedlock Spiers Family Purpose Green Health.. Community Hospital Gardening Neonatal Parents Fund Green Health.. Community Hospital Gardening Neonatal Oncology Lanarkshire Wide Amount 35,219 17,504 13,126 6,200 5,550 Restricted income donations of £81,998 consist mainly of the NHS Charities Together grant Income included above and the Neonatal Parents Fund income included above. Investment income Income from investments is included in the combined statement of financial activities and income and expenditure account in the year in which it is receivable. 2026 2025 Dividends 131537 123 939 Page | 24
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 Governance and support costs 2026 2025 Covcrnancc and support costs consist of.. Auditor's remuneration Bank charges & interest Administration expenses - staff Gosts 19,368 108 30,000 49,476 18,108 72 30,000 48,180 The governance and support costs are split b@tween expenditure on raising funds and charitable expenditure on an even 50150 split. The Trustees consider this to be the most appropriate basis considering that each activity requires a similar level of input. Thus expenditure on raising funds is allocated £24,738 (2025.. £24,090) and charitable expenditure is also allocated the same amount £24,738 (2025.. £24,090). Charitable expenditure 2026 2026 2026 2025 2025 2025 Unrestricted Restrlcted Note Funds Funds Unrestrlcted Restrlcted Funds Funds Expenditure Total Total Equipment purch8¥e/rentallrcpair 93,482 2,277 95,759 56,214 19,438 75,652 Garden Expenses 8,309 55,794 64,103 20,838 83,710 104,548 Property Expenses Patients, outingslquality of life 5,120 5,120 6,519 6,519 31,271 31,271 37,212 35,614 72,826 Christmas festivities Conferencel¢ourse feeslexpenses 32,901 16,036 48,943 37,563 12,530 50,093 17,340 1,879 19,219 18,392 760 19,152 Publicationsllibraries 11,563 11,563 37,902 37,902 Health at work 99,975 49,500 149,475 Governance and Support Costs 24,738 24,738 24,090 24,090 224,730 75,986 300,716 338,705 201.552 540.257 Page | 25
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 Employment Tlieie w¢r¥ liv employees remunerated durlng the year directly, with a recharge of £30,000 {2025: £30,000) from NHS Lanarkshire for staff time incurred. The key management personnel of the charity comprise of the trustees. The total remuneration of the key management personnel of the charity was £nil (2025.. £nil}. Investment access Movement on the invests held by the charity are as follows.. 2026 2025 Fair value at 1 April Additions Disposals Cash Drawdown 4,901,965 131.537 {30,1831 (500,0001 4,902,753 123,939 {2g,390) Net Unrealised investment gainsl{losses} Net Realised investment gains 209,630 47,547 1433,3391 338,002 Total investment gainslllosses} 257,177 (95,337) Fair value at 31 March 4,760,496 4,901,965 Note This represents the Lanarkshire Health Charity's (formerly Lanarkshire Health Board Endowment Fund) sharp. nf thp. invéstment in the Edinburgh & Lothian Hoalth Foundation'g pooled fund Debtors 2026 2025 Accrued income Prepayments and Tax recoverable 5,535 26,027 7,648 31,562 7,648 Page | 26
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 10. Cash and cash equivalents 2026 2025 Balances held in current accounts 681,944 401,819 11. Creditors 2026 2025 Amounts falling due within one year comprise.. Accruals Sundry credilors 1,500 48,032 1,500 66,736 49,532 68,236 12. Financial instruments 2026 2025 Investment assets 4 760 496 4 901965 Investment asset5 are flnanclal assets held at falr value. No finanGial liabilitiet* ¢ire Ii¥ld dl fair 13. Unrestricted funds Net Incomel As at 1 April (Expenditure) 2026 for the year Transfer to Restricted Funds Asat 31 March 2026 Unrestricted funds 4,005,681 175,262 4,180,943 As at Net Incomel 1 April (Expenditure) 2024 for the year Transfer to Asat Restricted 31 March Funds 2025 Unrestricted funds 4,288,883 (283,202) 4,005,681 Page | 27
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 14. Restricted funds Transfer from unrestricted funds As at 1 April 2025 Net Income I (Expenditure) Asat31 March 2026 Fund Name The Burrell Estate The Giffen Trust Wishaw Stoma Care, UHW Wishaw Bereavement, UHW ERCP Training Kello Hospital, Biggar Victoria Cottage Hospital, Kilsyth Wishaw Gynaecology, UHW Ronald Millar Fund, UHW Wishaw Neonatal, UHW Monklands Hospital Renal Unit,UHM Monklands General Surgical, UHM Hamilton Udston Upper Gl Fund, UHW R. Parker - Piano Challenge University Hospital Hairmyres, UHH Heart Ward I Cardiology UHH R. Laurie Memorial Fund University Hosp. Monklands UHM University Hospital Wishaw, UHW Ward 13 Univ. Hosp. Wishaw, UHVV Clydesdale-Damer Family Clydogdale-David Rollo Wishaw Colorectal Training RavenBcraig Cardio Training Wishaw Neonatal-Bereavement Wishaw Neonatal-Angel Eyes Sheila Falloon Fund Neonatal Parents Fund McKinley Pump Tess Fund Video Laryngyscope Adult CMHT- Clydesdale Restricted Funds 45,515 615,064 39,066 29,772 8,841 20,100 51,322 17,013 63,163 52,994 59,016 45,515 615,064 37,187 29,772 8,841 20,100 51,322 17,013 63,163 57,151 (1,879) 4,157 59,016 10,000 7,831 12,500 6,865 42,761 10,000 7,831 12,500 6,865 12,240) 40,521 1,933 43,243 36.305 26,460 1,933 43,243 12.9901 110,1601 16,300 1,000 1.000 3,750 2.911 10,000 420 3,435 15,235 11,000 3,750 2,911 10.000 105 525 1,355 4,790 1,016 16,251 {3,693) 7,307 17,529 17,529 1,458 1,458 520 520 424 424 410 410 6.012 1,243,527 UHH-Univefsily Hospital Hairryres, UHM-University Hospital Monklands, UHW-University Hospital shaw 1.237.515 Page | 28
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 14. Restrict8d funds rior ear Transfer from unrestrlcted funds As at 1 April 2025 Not Income I IExpendlturel Asat31 March 2020 Fund Name The Burrell Estale The Giffen Trust Wishaw Stoma Care, UHW Wishaw Bereavement, UHW ERCP Training Kello Hospital, Biggar Victoria Cottage Hospital, Kilsyth Wishaw Gynaecology, UHW Ronald Miller Fund, UHW Wishaw Neonatal, UHW Monklands Hospital Renal Unil,UHM Monklands General Surgical, UHM Hamilton Udston Upper Gl FLtnd, UHW R. Parker- Piano Challenge University Hosp. Hairmyres, UHH Heart Ward I Cardiology, UHH R. Lauiie M¥iiivi ial Fuiid Univ. Hosp. Monklands, UHM University Ho8p. Wishaw, UHW Ward13 Univ. Hosp. Wishaw, UHW Clydesdale-Damer Family Clydesdale-David Rollo Ishaw Colorectal Training Ravenscraig Cardio Training Wishaw Neonatal-Bereavement Wishaw Neonatal-Angel Eyes Sheila Falloon Fund Restricted Funds 45,515 615,064 39,726 29,772 8,941 20,100 52,238 17,013 68,070 52,994 45,515 615,064 39,066 29,772 8,841 20,100 51,322 17,013 63,163 52,994 (660) {100) (916) (4,907) 59,016 10,000 7,831 12,500 6,865 44,951 1,933 43,243 40,721 32,220 59,016 10,000 7,831 12,500 6,865 42,761 1,933 43,243 36,305 26.460 {2,190) {4,416) {5.760) 1,000 3,750 2,911 10,000 420 5,420 5,065 1,000 3,750 2,911 10,000 420 3,435 15,235 11,000 1,237,515 {1,985> 10,170 11,000 236 1,237,279 Ke UHH - University Hospital Hairmyres UHM - University Hospital Monklands UHW- Universily Hospital Imshaw Page | 29
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 14. Restricted funds (continued) Name of restricted fund Description, nature and purpose of the fund The Burrell Estate Building and landscaping works at Lockhart Hospital, Lad home Hos ital, and Kello Hospital Enhanced service for Avondale patients at Stonehouse Hospital To help patients recovering from colorectal surgery in the To create a family bereavement room away from the ward To provide ERCP training for staff For use at Kello Hospital For the benefit of nursing and administrative staff at Victoria For use within Gynaecolog at University Hospital For use in relation to the Ronald Miller Training and Education Centre at Universit Hospital Wishaw For use within Wishaw Neonatal, UHW For use within Monklands Hospital Renal Unit, UHM For use within Monklands General Surgical, UHM For use within Hamilton Udston For use within Upper Gl dept. University Hospital Staff wellbping rp.IAting to enviD_19 For use within University Hospital Hairm res For use within Heart Wardlcardiology, UHH For use within Ophthalmology Unit, UHH For use within University Hospital Monklands For use witliiii Uiiiveibily Hu5 ital Wishaw For use within Ward 13 University Hospital Wishaw For r*Lirchase of Doppler machine For use within Clydesdale Community Nursing Team For use within Wishaw Colorectal Nurse Trainin For use within Ravenscraig Cardiology Team Trainin For use within Wishaw Neonatal Bereavement Surte For purchase of Neonatal An el Eyes Equipment For Staff Rest Are8 For Update of Pantry and Ps cholo For Purchase of McKinley Pump For Eating Disorder Unit at Buchanan House For Video La ngyscope E ment For Adult CMHT, Lanark for their New Allotment The Giffen Trust Wishaw Stoma Care, UHW Wishaw Bereavement, UHW ERCP Training Kello Hospital, Biggar Victoria Cottage Hospital, Kilsyth Wishaw Gynaecology, UHW Ronald Miller Fund, UHW Vvishaw Neonatal, UHW Monklands Hos Renal Unit Monklands General Sur ical Hamilton Udston Upper Gl Fund R. Parker- Piano Challenge Univ. Hosp. Hairmyres, UHH Heart WardlCard-Hairmyres R. Laurie Memorial Fund Univ. Hosp. Monklands, UHM Univ. Hosp. Wishaw, UHW Ward 13 Wishaw Hospital, UHW Clydesdale - Damer Family Cl desdale- David Rollo Wishaw Colorectal Training Ravenscraig Cardio Training Wishaw Neonatal Bereavement Wishaw Neonatal Angel E es Sheila Falloon Fund Neonatal Parents Fund McKinley Pump Tess Fund Video Laryngysco Adult CMHT Clydesdale Room - Neonatal Ke UHH-University Hospital Hairmyres, UHM-University Hospital Monklands. UHW-University Hospital Wishaw Page | 30
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 15. Net assets by fund Unrestricted Restricted Fund Fund 2026 Investments Current assets Current liabilities 4,760,496 (530,021) 49,532 4.180,943 4,760,496 713,506 49,532 1,243,527 5,424,470 1,243,527 Unrestricted Restricted Fund Fund 2025 Investments Current assets Current liabilities 4,901,965 {828,0481 68,236 4,005,681 4,901,965 409,467 68,236 1,237,515 5,243.196 1,237,515 Page131
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 16. Related party transactions The trustees all give freely their time and expertise without any form of remuneration or other benefit ill b¢ibli or kind (2025 £nil). There are no expenses of any kind (e.g. travel & subsistence) paid to the trustees (2025.. £nil). There were no contiacls entered into by the charity with any Trustees to provide any other type of seNice (2025.. £nil). Lanarkshire Health Charily (formerly Lanarkshire Health Board Endowment Fund) is managed by Trustees who are also on the Board of NHS Lanarkshire (as noted in the Trustees, Annual Report) and is therefore a related party. During the year Lanarkshire Health Charity did not receive from, or make any payments to, the Board. At 31$1 March 2026 Lanarkshire Health Charity had no balance owing to the Board (2025.. Nil). At 31° March 2026 Lanarkshire Health Charity had no balance owed by the Board (2025.. Nil). 17. Ultimate controlling party In the opinion of the Trustees there is no ultimate controlling party. 18. Reconciliation of net movement in funds to net cash flow from operating activities 2026 2025 Net movement in funds Adjustments for: Net {gainl11083 on inve3tment3 Dividends less investment managers costs {In¢reasellDecrease in debtors 181,274 (282,966) (257,177) (101,354) (23,914) 95,337 {94,549) 91,812 (Decrease) in creditors 18 704) Net cash used in operating activities 219 875 220 300 Page | 32
Lanarkshire Health Charity Annual Report and Accounts - Year Ended 31 March 2026 19. Consolidation The results of Lanarkshire Health Charity (formerly Lanarkshire Health Board Endowment Fund) have been consolidated into the accounts of Lanark=hire Health Board on the basis that all Trustees are also members of Lanarkshire Health Board and therefore effectively operate under common control for accounting purposes. The consolidated accounts are publicly available after they have been laid before parliament, in the autumn of each year and can accessed on the Lanarkshire Health Board website at www.lanarkshire.scot.nhs.uk and click on "About us" followed by "Financial Information" Page | 33