THE CHARITABLE FUNDS OF CHARING CROSS, HAMMERSMITH AND QUEEN CHARLOTTE'S HOSPITALS

Charity number: 1059138
Removed charity

Charity overview

Activities - how the charity spends its money

The charity's main activities are the promotion of innovation and initiatives which ensure that our hospital trust remains at the very forefront of research and excellence in clinical education and to provide facilities and services which enhance the experience of working or being treated in the local NHS or social care and not as an alternative or replacement to exchequer funding.

Income and expenditure

Data for financial year ending 31 March 2008

Total income:
£3,540,000

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Donations and legacies £1.75m
Charitable activities £100.00k
Other trading activities £26.00k
Investments £1.58m
Other £85.00k

Total expenditure:
£4,892,000

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Raising funds £0
Charitable activities £4.04m
Other £0

-£554,000 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 £852.00k
Charitable expenditure £4.04m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Religious Activities
  • Arts/culture/heritage/science
  • Amateur Sport
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
  • Provides Other Finance
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 05 July 2001: Standard registration
  • 28 April 2008: Removed (Funds transferred (gi))
  • 28 April 2008: Funds transferred to
Organisation type:
Other names:
  • CHARITABLE FUNDS FOR HAMMERSMITH HOSPITALS (Working name)
  • THE CHARITABLE FUNDS OF THE HAMMERSMITH NHS TRUST (Working name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2004 31/03/2005 31/03/2006 31/03/2007 31/03/2008
Total gross income £3.04m £3.06m £3.83m £6.13m £3.54m
Total expenditure £4.24m £9.47m £3.47m £3.61m £4.89m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A N/A £4.22m £1.75m
Income - Other trading activities N/A N/A N/A £64.00k £26.00k
Income - Charitable activities N/A N/A N/A £68.00k £100.00k
Income - Endowments N/A N/A N/A £0 £0
Income - Investment N/A N/A N/A £1.20m £1.58m
Income - Other N/A N/A N/A £584.00k £85.00k
Income - Legacies N/A N/A N/A £1.35m £42.00k
Expenditure - Charitable activities N/A N/A N/A £3.14m £4.04m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A N/A £57.00k £98.00k
Expenditure - Grants institution N/A N/A N/A £2.94m £2.75m
Expenditure - Investment management N/A N/A N/A £149.00k £109.00k
Expenditure - Other N/A N/A N/A £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 31/03/2004 31/03/2005 31/03/2006 31/03/2007 31/03/2008
Own use assets N/A N/A N/A £1.09m £1.15m
Long-term investments N/A N/A N/A £38.91m £38.36m
Other assets N/A N/A N/A £4.62m £2.25m
Defined benefit pension scheme asset or liability N/A N/A N/A £0 £0
Total liabilities N/A N/A N/A £7.22m £6.19m

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 2008 11 December 2008 On time
Accounts and TAR 31 March 2008 11 December 2008 On time
Annual return 31 March 2007 22 January 2008 On time
Accounts and TAR 31 March 2007 21 January 2008 On time
Annual return 31 March 2006 01 February 2007 1 days late
Accounts and TAR 31 March 2006 01 February 2007 1 days late
Annual return 31 March 2005 27 January 2006 On time
Accounts and TAR 31 March 2005 27 January 2006 On time
Annual return 31 March 2004 11 April 2005 70 days late
Accounts and TAR 31 March 2004 25 February 2005 25 days late

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.

SEE INDIVIDUAL CONSTITUENTS

Charitable objects

SEE INDIVIDUAL CONSTITUENTS

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 1059138-42 CHARING CROSS & WEST LONDON HOSPITALS DEPARTMENTAL LABORATORIES FUND
Governing document
DECLARATION OF TRUST DATED 25 MARCH 1997
Charitable objects
FOR ANY CHARITABLE PURPOSE OR PURPOSES RELATING TO THE NATIONAL HEALTH SERVICE WHOLLY OR MAINLY FOR THE HAEMATOLOGY DEPARTMENT, MICROBIOLOGY DEPARTMENT, HISTOPATHOLOGY DEPARTMENT, ENDOCRINOLOGY DEPARTMENT, CHEMOTHERAPY DEPARTMENT OR OTHER DEPARTMENT FROM TIME TO TIME PROVIDING LABORATORY SERVICES AT THE CHARING CROSS AND WEST LONDON HOSPITALS
Area of benefit
NOT DEFINED
Registration history
  • 05 July 2001 : Standard registration
  • 28 April 2008 : Removed
  • 28 April 2008 : Asset transfer out