UNIVERSITY HOSPITALS OF NORTH MIDLANDS CHARITY
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £7 million as of 31 March 2024, which exceeds the policy target of three years' operational and governance costs. The trustees are committed to reducing this excess over the next three years to provide optimum benefit to patients. The independent auditor confirmed that the financial statements give a true and fair view and that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The agreed minimum level of reserves is a balance sufficient to cover normalised expenditure for three years”
“University Hospitals of North Midlands NHS Trust is a related party as it is both the Trustee and the recipient of grants made by the Charity. Note 1.11 of the Accounts discloses information about any related party transactions.”
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (09/04/2025)
- Received assets from another charity (26/04/2024)
- Received assets from another charity (24/03/2023)
- Received assets from another charity (07/11/2014)
Trustees
- Stephen Rushton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.6m | £3.1m |
| 31/03/2024 | £2.0m | £2.1m |
| 31/03/2023 | £6.6m | £6.2m |
| 31/03/2022 | £5.4m | £4.0m |
| 31/03/2021 | £3.2m | £3.5m |
Common questions
Is UNIVERSITY HOSPITALS OF NORTH MIDLANDS CHARITY financially healthy?
The accounts state that unrestricted reserves stood at £7 million as of 31 March 2024, which exceeds the policy target of three years' operational and governance costs. The trustees are committed to reducing this excess over the next three years to provide optimum benefit to patients. The independent auditor confirmed that the financial statements give a true and fair view and that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Dains Audit Limited.
Who funds UNIVERSITY HOSPITALS OF NORTH MIDLANDS CHARITY?
Funders whose own accounts filings name UNIVERSITY HOSPITALS OF NORTH MIDLANDS CHARITY as a grant recipient include DENISE COATES FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| DENISE COATES FOUNDATION | FY2022 | £8.4m |
| DENISE COATES FOUNDATION | FY2025 | £6.4m |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| COUNTY AIR AMBULANCE TRUST | 2 | £1.4m |
| CBRE UK CHARITABLE TRUST | 2 | £2k |
| KUSUMA TRUST UK | 1 | £337k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £210k |
| PARKINSON'S DISEASE SOCIETY OF THE UNITED KINGDOM | 1 | £169k |
| THE BRIDGE RENEWAL TRUST | 1 | £131k |
| MABEL COOPER CHARITY | 1 | £122k |
| ENFIELD LIONS CLUB (CIO) | 1 | £50k |