THE ROYAL FREE CHARITY

Charity number: 1165672
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

We support the Royal Free London NHS Foundation Trust at the Royal Free Hospital, Barnet Hospital and Chase Farm Hospital through achieving our four key strategic objectives: Adding value to the patient experience; Helping improve the staff experience; Investing in the physical and technical environment; and Investing on medical research and facilities.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£14,817,151

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Donations and legacies £8.09m
Charitable activities £59.06k
Other trading activities £4.02m
Investments £2.04m
Other £609.05k

Total expenditure:
£15,663,976

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Raising funds £1.55m
Charitable activities £14.12m
Other £0

£2,118,474 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.55m
Charitable expenditure £14.12m

People

86 Employee(s)

11 Trustee(s)

500 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 4
£70k to £80k 4
£80k to £90k 1
£100k to £110k 2
£110k to £120k 1
£130k to £140k 2

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • The Advancement Of Health Or Saving Of Lives
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Barnet
  • Camden
  • Enfield
  • Haringey

Governance

Registration history:
  • 11 April 2007: Standard registration
  • 03 March 2011: Removed (Duplicate registration)
  • 03 March 2011: Funds transferred to
Organisation type:
Charitable company
Other names:

No other names

Company number:
09987907 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Stephen John Craig Trustee 10 June 2025
None on record
Alison Munday Trustee 01 April 2025
None on record
Peter Landstrom Trustee 02 January 2024
None on record
Gillian Louise Smith Trustee 03 April 2023
None on record
Julie Ann Hamilton Trustee 03 April 2023
None on record
Simon Lyons Trustee 28 January 2023
None on record
Valerie Celia Jolliffe Trustee 28 January 2023
None on record
Katie Jane Morrison Trustee 11 June 2020
None on record
Melanie Laura Sherwood Trustee 02 December 2019
None on record
Judy Frances Dewinter Trustee 02 January 2018
None on record
RUSSELL BROOKS Trustee 01 April 2016
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £9.50m £8.48m £25.35m £25.09m £14.82m
Total expenditure £7.92m £14.55m £12.16m £22.37m £15.66m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £215.54k £35.00k N/A N/A
Income - Donations and legacies £6.41m £6.38m £22.02m £19.41m £8.09m
Income - Other trading activities £900.00k £280.00k £1.80m £3.26m £4.02m
Income - Charitable activities £220.00k £27.00k £52.00k £101.00k £59.06k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.73m £1.32m £1.24m £1.89m £2.04m
Income - Other £233.00k £470.00k £245.00k £437.00k £609.05k
Income - Legacies £1.30m £366.00k £1.38m £1.19m £1.33m
Expenditure - Charitable activities £6.35m £11.93m £7.78m £16.69m £14.12m
Expenditure - Raising funds £1.57m £2.62m £4.38m £5.68m £1.55m
Expenditure - Governance £518.00k £570.00k £65.00k £70.00k £132.00k
Expenditure - Grants institution £814.00k £6.00m £4.18m £2.91m £1.18m
Expenditure - Investment management £49.00k £651.00k £2.48m £51.00k £34.00k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £47.88m £58.99m £30.98m £73.24m £30.94m
Long-term investments £27.71m £30.54m £59.44m £21.23m £63.96m
Other assets £23.89m £16.51m £31.40m £35.68m £29.96m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £7.23m £12.79m £15.17m £21.57m £15.02m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 30 January 2025 On Time
Accounts and TAR 31 March 2024 30 January 2025 On Time Download Open in new window
Annual return 31 March 2023 30 January 2024 On Time
Accounts and TAR 31 March 2023 30 January 2024 On Time Download Open in new window
Annual return 31 March 2022 19 June 2023 139 days late
Accounts and TAR 31 March 2022 19 June 2023 139 days late Download Open in new window
Annual return 31 March 2021 28 January 2022 On Time
Accounts and TAR 31 March 2021 28 January 2022 On Time Download Open in new window
Annual return 31 March 2020 26 January 2021 On Time
Accounts and TAR 31 March 2020 26 January 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 04 FEB 2016 as amended on 14 Jun 2022 as amended on 18 Jan 2023

Charitable objects

3.1 THE OBJECTS OF THE CHARITY ARE, FOR THE PUBLIC BENEFIT: (A) TO FURTHER ANY CHARITABLE PURPOSE OR PURPOSES RELATING TO THE GENERAL OR ANY SPECIFIC PURPOSES OF THE FOUNDATION TRUST OR THE PURPOSES OF THE HEALTH SERVICE; (B) TO PROMOTE, PROTECT, PRESERVE AND ADVANCE ALL OR ANY ASPECTS OF THE HEALTH AND WELFARE OF THE PUBLIC, PARTICULARLY WITHIN THE CATCHMENT AREA OF THE FOUNDATION TRUST; AND (C) TO ADVANCE AND PROMOTE KNOWLEDGE AND EDUCATION IN MEDICINE, INCLUDING BY ENGAGING IN AND SUPPORTING MEDICAL RESEARCH. 3.2 THIS ARTICLE 3 MAY BE AMENDED BY SPECIAL RESOLUTION BUT ONLY WITH THE PRIOR WRITTEN CONSENT OF THE COMMISSION.

Linked charities

Linked charities
Linked charity 1165672-7 DRESDEN ASSISTANCE FUND IN CONNECTION WITH THE ROYAL FREE HOSPITAL
Governing document
DECLARATION OF TRUST DATED 7 JANUARY 1905, SCHEMES OF THE 22 SEPTEMBER 1969 AND 22 NOVEMBER 1984, AN ORDER OF 8 JANUARY 2007 AND MEMORANDUM DATED 19 MARCH 2007 AS AMENDED BY SCHEME DATED 01 APR 2016
Charitable objects
THE RELIEF IN NEED OF PATIENTS OF THE TRUST FOLLOWING THEIR DISCHARGE FROM ANY HOSPITAL FOR THE TIME BEING ADMINISTERED BY THE TRUST
Area of benefit
NOT DEFINED
Registration history
  • 11 April 2007 : Standard registration
  • 03 March 2011 : Removed
  • 03 March 2011 : Asset transfer out

Contact information

Address:
The Pears Building
Pond Street
LONDON
NW3 2PP
Phone:
02074726677
Email:
Jon.Spiers@royalfreecharity.org
Website:

https://www.royalfreecharity.org/ Open in new window