QUEEN VICTORIA HOSPITAL NHS TRUST CHARITABLE FUND
Latest income
£253k
Latest spending
£204k
Registered
1996
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year in a strong financial position with net current assets of £3,113,000, able to meet all liabilities. Per the trustees' report, the charity maintains a reserves policy target of six months of operating costs (£44,000), against which unrestricted funds of £378,827 stood at year-end.
What the accounts disclose
Reserves policy: six months of the charities operating costs for 2023/24 which amounts to £44,000 (held: £379k)
“During the year, the Charity Committee considered the Reserve policy and agreed that it be set at six months of the charities operating costs for 2023/24 which amounts to £44,000.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity provided funding of £127,000 to QVH NHSFT for approved expenditure made on behalf of the charity.
“QVH NHSFT is the principal beneficiary of the charity. The charity has provided funding of £127,000 (2022/23 £163,000) to QVH NHSFT for approved expenditure made on behalf of the charity.” — page 14
“QVH NHSFT provides the Charity with administrative services for which a fee is charged. This fee is included in the support costs analysed in Note 6.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: QVH NHSFT provides administrative services for which a fee is charged, included in support costs.
“QVH NHSFT is the principal beneficiary of the charity. The charity has provided funding of £127,000 (2022/23 £163,000) to QVH NHSFT for approved expenditure made on behalf of the charity.” — page 14
“QVH NHSFT provides the Charity with administrative services for which a fee is charged. This fee is included in the support costs analysed in Note 6.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: At the balance sheet date, £208,000 was owed by the Charity to Queen Victoria Hospital NHS Foundation Trust.
“QVH NHSFT is the principal beneficiary of the charity. The charity has provided funding of £127,000 (2022/23 £163,000) to QVH NHSFT for approved expenditure made on behalf of the charity.” — page 14
“QVH NHSFT provides the Charity with administrative services for which a fee is charged. This fee is included in the support costs analysed in Note 6.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2023)
Total income
£2.2m
Total spending
£258k
Cost of raising funds
£60k
Reserves (reported)
£392k
Employees
0
Trustees
- THE QUEEN VICTORIA HOSPITAL NHS FOUNDATION TRUST
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £253k | £204k |
| 31/03/2024 | £254k | £240k |
| 31/03/2023 | £2.2m | £258k |
| 31/03/2022 | £132k | £144k |
| 31/03/2021 | £911k | £290k |
Common questions
Is QUEEN VICTORIA HOSPITAL NHS TRUST CHARITABLE FUND financially healthy?
The accounts state that the charity ended the year in a strong financial position with net current assets of £3,113,000, able to meet all liabilities. Per the trustees' report, the charity maintains a reserves policy target of six months of operating costs (£44,000), against which unrestricted funds of £378,827 stood at year-end. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| KUSUMA TRUST UK | 1 | £92k |
| TOM AND SHEILA SPRINGER CHARITY | 1 | £29k |
| THE ELIZABETH FRANKLAND MOORE AND STAR FOUNDATION | 1 | £16k |
| THE ORR MACKINTOSH FOUNDATION LIMITED | 1 | £15k |
| THE VICTORIA FOUNDATION | 1 | £9k |
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |