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.
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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 Suc￿sSful 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
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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
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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.
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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.
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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.
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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 AC￿pted
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.
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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
prO￿dureS 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
fon￿ard
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 flo￿18 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
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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
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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