HEREFORDSHIRE AND WORCESTERSHIRE HEALTH AND CARE NHS TRUST CHARITABLE FUNDS
Financial health, per its FY2024 accounts
The accounts state that total net assets decreased to £1,120,314 from £1,343,579 in the prior year, driven by a reduction in investment assets and charitable expenditure. The charity reports it is fully sustainable with no long-term commitments, maintaining unrestricted reserves of £813,000 against a stated policy target of £50,000. Income was primarily derived from donations and investment income, while expenditure focused on patient welfare and staff education.
What the accounts disclose
“The Trustee has established a Reserves Policy with the intention of avoiding major fluctuations in the amounts of income available for distribution and for unforeseen contingencies by retaining £50k of cash reserves in excess of known expenditure commitments.” — page 12
“Herefordshire and Worcestershire Health and Care NHS Trust is the sole Corporate Trustee and beneficiary of the Charity. The charity has made revenue and capital grant payments to the Trust for the benefit of NHS patients and these are detailed in note 7. During the year none of the members of the NHS Trust Board or parties related to them has undertaken any transactions with the Charity or received any benefit from the Charity in payment or kind. The Trustee received no honoraria, expenses or emoluments in the year. The Trust makes a number of clerical and transaction services available to the charity, by agreement with the Trustee. These include administrative services at a cost of £34,288 (£39,155 in 2022/23) in support of the charity’s grant making activities which are included within support costs - see note 9. The amounts paid for administrative services are due under a service level agreement and are set at an amount which allows the Trust to recover its costs.” — page 4
Register events
- Received assets from another charity (12/07/2017)
- Received assets from another charity (12/07/2017)
- Received assets from another charity (12/07/2017)
- Received assets from another charity (12/07/2017)
- Received assets from another charity (12/07/2017)
- Received assets from another charity (12/07/2017)
Trustees
- HEREFORDSHIRE AND WORCESTERSHIRE HEALTH & CARE NHS TRUST
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £134k | £217k |
| 31/03/2024 | £94k | £399k |
| 31/03/2023 | £104k | £178k |
| 31/03/2022 | £84k | £201k |
| 31/03/2021 | £238k | £221k |
Common questions
Is HEREFORDSHIRE AND WORCESTERSHIRE HEALTH AND CARE NHS TRUST CHARITABLE FUNDS financially healthy?
The accounts state that total net assets decreased to £1,120,314 from £1,343,579 in the prior year, driven by a reduction in investment assets and charitable expenditure. The charity reports it is fully sustainable with no long-term commitments, maintaining unrestricted reserves of £813,000 against a stated policy target of £50,000. Income was primarily derived from donations and investment income, while expenditure focused on patient welfare and staff education. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |
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