How we are governed
Structure, governance and management
All funds that were held on trust at the date of registration were either part of the unrestricted fund or restricted funds held registered under the main charity. Subsequent donations and gifts received by the charity that are for the benefit of the original funds have been added to those fund balances.
The main charity, being an unrestricted fund, was established using the model declaration of trust, with special trusts being registered for the restricted funds.
The Corporate Trustee fulfils its legal duty by ensuring that funds are spent in accordance with the fund objectives by designating funds to benefiting patient care, promoting good health and welfare for both patients and staff, thereby respecting donors' wishes.
Charitable funds
The charitable funds are allocated to specialities, wards and departments within HHFT's divisional management structure. These allocations are known as funds and have fund managers appointed to them, who are responsible for ensuring they are correctly managed.
The accounting records and day to day administration of the funds are dealt with by the finance department of HHFT. To keep the administrative costs to a minimum, the charity relies on HHFT to identify the appropriateness of funding requests, ensuring they are of a charitable nature, the funds are available and if required a VAT zero rating certificate is completed when the order is raised.
Key management personnel consist of the directors of the Corporate Trustee. The directors undergo charity training as part of their induction. No remuneration was paid to these persons by the charity in the year.
