REGISTERED COMPANY NUMBER: 02655764 {England and Wales) REGISTERED CHARITY NUMBER: 1008228 REPORT OF THE TRUSTEES AND AUDITED CONSOLIDATED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 315r MARCH 2024 FOR HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) •• IIcE6endaLe
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEEI CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Report of the Trustees Itolo Report of the Independent Auditors Ilto13 Consolidated Statement of Financial Activities 14 Consolidated Balance Sheet 15 Company Balance Sheet 16 Consolidated Cash Flow Statement 17to18 Notes to the Financial Statements 19to29 Detailed Statement of Financial Activities 30
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Hospice in Rossendale, known as Rossendale Hospice. is a Registered Charity operating within a Company Limited by Guarantee. The members of the Company are representatives from local voluntary groups and individuals from within the Borough of Rossendale and beyond. The board of members has the authority to co-opt individuals with relevant expertise where appropriate. The board members, who are also directors ofthe company for the purposes of the Companie5 Act 2006, present their report with the financial statements of the chaf Ity for the year ended 31" March 2024. The financial statements comply with the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I" January 20191. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02655764 IEngland and Wales) Registered Charity number 1008228 Registered office New Cribden House Rossendale Prirnary Care Centre 161 Bacup Road Rossendale Lancashire BB4 7PL Trustees (Board members) Name MrG D Summers Mrs C Durkin Mrs C K Lees Dr L McGrogan Mrs BJ Mayer Mr S A Mayer Mr B E Topham Mrs A H Gallagher Mr G Mangham Mrs S Hardy (Resigned February 20241 MrATHolt Role Chairman Vice Chairman Treasurer Special Interest Corporate Governance Clinical Governance Finance Clinical and Corporate Governance Human Resources Insurance and Corporate Governance IT/Strategic Planning Clinical Governance & Occupational Health Property and Fundraising Corporate Management Key management personnel Mrs I Smith Donna Cryer Clare Richards Marion Mccall Ann Bennett Chief Executive Officer l Registered Mana8er Clinical Services Manager Head of Fundraising IResigned March 20241 Family Support Services Lead Assistant Company Secretary Page I
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Advisers Sage UK Business and People Advice Auditors Ainsworths Limited Chartered Accountants and Statutory Auditors Charter House Stansfield Street Nelson Lancashire BB9 9XY Bankers National Westminster Bank PIC 28 Bank Street Rawtenstall Lancashire BB4 8TS Solicitors Woodcocks Haworth & Nuttall West View Princess Street Haslingden Lancashire BB4 6NW Page 2
HOSPICE IN ROSSENDALE {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document th The company was incorporated on 21 October 1991 and registered as a charity on 12 February 1992. The charity is controlled by its governing document, the Memorandum and Articles of Association. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment and appointment of new board members Trustees are appointed to reflect the skills required to support the Board and its range of activities. Recruitment is through advertising and by individual contact. Tenure is for three years with an opportunity for re-election at the appropriate Annual General Meeting. Induction of the new board members is facilitated by the Chairman and the Chief Executive Officer {CEOI. A full orientation is offered on the services provided and the role and responsibilities of a trustee. Training is also available via Hospice UK. Trustees are required to complete a skills matrix and a personal development plan. Risk management The trustees have examined the major strategic. business and operational risks which the charity faces and confirm that systems have been established to ensure regular report5 are produced and that the necessary step5 can be taken to address any issues arising. After a rigorous assessment process. the Care Quality Commission has accredited the Hospice. thus confirming that the required standards of care set down for independent health care organisations have been achieved and that systems are in place both to identify risks to the organisation and to ensure that clinical services are delivered safely. Annual unannounced inspections are conducted by the Care Quality Commission. including critical incident monitoring. Within the organisation regular audits are undertaken under the auspices of the Clinical Governance Committee, a sub- committee of the Board which also covers Information Governance and Safeguarding. Service Provider ompliance/quality audits are also submitted annually to the Commissioner of our services, East Lanca5hire CCG. Organisation structure The Board currently consists of eleven trustees and is responsible for key policy decisions and the effective governance of the organisation overall. The Board meets every eight weeks. The Board has the following sub committee5 to support and guide its decision making: Finance and Standin8 Committee Clinical Governance Committee Information Governance Committee Income Generation Committee Remuneration Committee As part of its accreditation process the Care Quality Commission requires a Responsible Individual and a Registered Manager to be identified. each with a specific set of responsibilities. At the Hospice. the Chairman is approved as Responsible Individual and the CEO is approved as the Registered Manager. Related parties Trustees are required to declare an interest if they are involved in any activities which may compromise their role as a Trustee and a monitoring mechanism is in place. There have been no related party transactions during the past year. Page 3
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 OBJECTIVES AND AcfiviTIES The objectives of the Hospice are set out in full in its Memorandum of Association. It presently meets these objectives and constantly aspires to improve the quality and range of the provision. Our vision To positively influence a future in which everyone within Rossendale who accesses our services, receives the best possible care and support. Our values Underpinning our vision we have three values, compassion, integrity, and excellence. Our stsff and volunteers uphold these values, irrespective of their role. The Hospice offers support to patients and their families from diagnosis to recovery and. if that is not to be, through End of Life Care. Day Therapy services are provided from a purpose designed unit within the main Hospice premises. A range of services and information is available to all patients, including therapies, education and peer support. counsellin& psychological support, information on clinical matters and welfare rights, and spiritual support are freely available. Our Hospice at Home service enables patients in the last twelve months of life to be cared for within their own home. The service operates 365 days per year, providing invaluable care to not only the patient. but also f3mily/carerlsl at a particularly difficult period. Personal care. psychological support, respite visits and night sits form part of the care plan, which is led and continually re-assessed by the Senior Registered Nurse. in agreement with the patient and family. During the period of this report 94% of patients died at home, as was their wish, with dignity and respect, supported by our Hospice at Home Service. Pre and Post Bereavement counselling is available to families/carer{s) including a specialist service with the skills and experience to support children. The importance of volunteers in a variety of roles is recognised and our Volunteer Coordinator ensures that this invaluable help is deployed effectively in support of paid staff to the benefit of patients and their carers. There is a holistic approach to all activities, embracing staff. patients and volunteers. There is a commitment to education for staff and volunteers to best enable them to carry out their caring responsibilities. Hospice services are available to all residents within R055endale who might benefit. Requests for access to Hospice services from patients who are resident outside Rossendale are considered on an individual basis Working closely with Commissioners, Lancashire and South Cumbria Integrated Care Board IICBI. we assisted in an initiative during the latter part of the year with which focused on early identification of patients who needed care and 5UPPOrt at home to reduce inappropriate or un-nesary admission to hospital. Public benefit Given the range and quality of services provided within Rossendale in the field of palliative care, as outlined above, the Board is confident that it offers services of real and practical use to the local population and therefore complies with the responsibility placed on all charities under the Charities Act 2011 to demonstrate a public benefit. Page 4
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENTS AND PERFORMANCE WELLBEING SERVICES DAY THERAPY During the last financial year, the Wellbeing service saw good patient usage and the establishrnent of the Bereavement Cafe. 146 mernbers of the Rossendale community attended our Wellbeing services during thi5 period. The Dementia Day continued to be a positive development with good referral and attendance levels. The Bereavement cafe also proved to be a successful addition to our range of services. being the group with the highest attendance record. This is currently in review to ensure we continue to meet the needs of the service user whilst enabling positive and beneficial health outcomes. HOSPICE AT HOME 94% of Hospice at Home patients died at home during this period with dignity and respect as was their wish. Sadly. it is sometimes necessary for patients to be admitted to hospital. due to complex clinical needs and symptom control. statistics for the Financial Year 2023124 2022123 Total patients Number of hours of general care provided Additional hours of respitelnight sits provided 72 10.679 3,170 73 11,246 3.290 Total number of hour5 of care provided 13.849 14.536 During this period the number of patients was comparable to the previous year, with number of hours of care and night sits reduced. This was due to the number of patients we took into our care who were at the very end stage of life and sadly passed away within a short space of time. FAMILY SUPPORT SERVICES April 2023- March 2024: 70Yo of service users completed therapy in 6 or less sessions. 50% of clients were offered an initial session within 2 weeks of referral, with another 20% offered a first session within 4 weeks of referral. Client satisfaction surveys lanonymised) rate the service as 'excellenY193%) or 'good' {7%1. Total referrals for counselling & psychotherapy: 324 Referrals b t Patients: Bereaved adults- 117 155 Carer5- Bereaved child/YPs: 48 Page S
HOSPICE IN ROSSENDALE {A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) FAMILY SUPPORT SERVICES CONTINUED Source of Referrals". WBS/H@H- 8% GPS- 16% Other medical professionals - 18% Schools- 6% Other IINT, Soc Pres. Etcl - 16% Family members - Il% Self referrals - 25% Number of therapy sessions completed: 1261 INumber offered: 1491) Sessions held b face to face If2n or telephone sessions Itel} Patients 2341158 f2f. 76 tell Bereaved adults 807 {690 f2f, 117 tell Carers- 86178 f2f, 8 tel) Bereaved child/YPerson 1341133 f2f. I tel) BACP SERVICE ACCREDITATION The Annual Monitoring Report was submitted for assessment in July. Subject to approval, this will mean that service accreditation will be awarded for a further five years. assuming completion of satisfactory monitoring reports each year. Statistics compiled by Marion Mccall, Family Support Lead. Page 6
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEE) REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Plans for future periods The last two years have been difficult for the Hospice as can be seen from the relevant account5. Inflation, the cost of living crisis and uncertainties around funding in general have been the cause of great concern. However this pressure has acted as a catalyst for us to involve staff and volunteers in a comprehensive review of all our clinical and support activities. Conclusions have been presented to and assessed by trustees, who have agreed a strategic plan to ensure the survival and future development of the charity. This has involved reviewing each component of our services and adjusting them where appropriate, scrutinising our expenditure very carefully and promoting innovative approaches to maximise our fundraising potential. Our intention is to continue to provide timely and relevant services to our local community. to generate the income essential to achieve these aims and to do so despite the constraints of the health care and financial environments which now prevail. Trustees will meet on a regular basis in the coming year to asse55 progress against our list of key corporate objectives. FINANCIAL REVIEW The attached statement of financial activities shows how our funds were raised and applied during the year. The statement separates funds, which the charity itself controls, "unrestricted funds" from funds, which have to be spent in a manner, determined by the donor, which are "restricted funds" Designated funds, whilst unrestricted, relate to funds allocated by the organisation for specific projects andlor developments. Overall incorne decreased by £58.279 compared to the previous year. totalling £l.000,838. This did not impact our service levels. Within this, income was lower year on year in most categories- Income from donations and gifts increased by £31,628 but Legacies received were significantly lower than in typical years, with £5,000 received, compared to £77,277 in the previous year- External funding received was slightly lower than the previous year l-E24,332), reflecting well documented budget constraints and pressures within the overall NHS; Income from fundraising events was also lower than the previous year1-£14.6981, with the fundraising environment remaining difficult as wider economic issues continued to impact our Supporters. levels of discretionary income. Nevertheless the fundraising team worked tirelessly organising some fabulou5 events including the Sunflower Memories Appeal, the Gin Trek, the Ladies Christmas lunch and the Pride of Rossendale Awards; Income generated by Charity shops in Haslingden and Ravrtenstall improved marginally compared to the prior year but conditions remained challenging. Despite a continued focus on tight cost control. over311 costs increased year on year by £119,772 to reach £1,255.796, with Services maintained at a comparable level to the prior year. Much of this cost uplift was due to increased expenditure on Charitable Activities, a significant proportion of which relates to largely fixed costs, mainly stalf and property Costs. These were £114,052 higher than the previous year, mainly due to an increase in staff costs as vacancies were filled, as well as cost of living related pay increases. along with Inflation continuing to impact the wider cost base. The value of investments increased by £52.304 compared to the previous year, which was extremely helpful in Mitigating the size of the overall deficit for the year. which amounted to £202,84912023= deficit of £165, 1171. The deficit was net of a positive contribution from Rossendale Hospice Trading Ltd {operator for our two charity shops). Page 7
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 FINANCIAL REVIEW (CONTINUED) Whilst the deficit outcome was disappointin& this was not a surprise and was lower than had been envisaged at the start of the year. As such we consider this a creditable performance considering the continuing difficult climate in which the Hospice is operatin& exacerbated by continued pressure on NHS funding budgets as well as cost inflation. The Board recognises the continued contribution of businesses and the general public, predominantly in Rossend31e, without which the charity could not continue. On behalf of patients, their families and carers we again express our gratitude. The trustees are fully aware of the difficult climate in which we operate and the risks of possible further reductions in funding, and we ensure there are always sufficient reserves to support our current cost base without compromising the quality and level of service we offer. The rnembers of the Board are guarantors of the company. Their liabilities. as set out in the Memorandum of the company, are limited to one pound per guarantor. This statement of financial activities is a statement designed to show all sources coming into the charity and how these have been utilised. Principolfunding sources Our principal funding resources during this period were East Lanca5hire CCGIICB, NHS England and the public in the format of charitable giving. Investment policy The trustees regularly monitor the available cash reserves of the charity and seek to maximise the interest earned on such funds. In view of the low interest rate environment several years ago, the Trustees opted to place £650,000 of cash reserves in a 'Low Risk, investment with an aim to maximising yield over time, in a vehicle which can be quickly converted back to cash in case of need. The performance of the investment is monitored regularly and inevitably fluctuates due to stock market movements. As at 31 March 2024 the value had increased to £704.673, a year on year increase of £52,304. Reserves policy It is the policy of the charity to maintain unrestricted funds. which are free reserves of the charity at a level, which equates to approximately nine months, unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs to enable ongoing development of the charity. Unrestricted funds decreased by £202,849 during the year. Page 8
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also directors of Hospice in Ros5endale for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and regulations. Company law requires the trustee5 to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice l United Kingdom Accounting Standards and applicable lawl. including FRS 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland. Under company law the trustees must not approve the financial statements unles5 they are satisfied that they give 3 true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP and FRS 102,. make judgements and estimates that are reasonable and prudent; State whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable cornpany and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee5 are responsible for the maintenance and integrity of the corporate and financial information included on the charitable companvs website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the trustees are aware, there is no relevant information las defined by Section 418 of the Companies Art 20061 of which the charitable company"s auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable company's auditors are aware of that information. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. AUDITORS The auditors, Ainsworths Limited. will be proposed for re-appointment at the forthcoming Annual General Meeting. ON BEHALF OF THE BOARD: Mr G Summers-Trustee Mrs C K Lees - Trustee th Date.. 14 November 2024 Page 9
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 CLINICAL GOVERNANCE Clinical Governance Report. AGM 2024 Clinical and Information Governance meetings continue on a regular basis to ensure that a system is in place for continuously improving the quality of our services and safeguarding high standards of care. Any developments in service can be discussed with the wider team and any developments to current care provision. It is patient focused and helps to ensure that the services remain effective and efficient. All policies that have been developed or reviewed go through this meeting for final ratification. creating a robust system. There is also a focus on safety with all incidents and feedback from any investigations being discussed and monitored by the group, highlighting any areas of learning that can be fed back through the organisation, further strengthening the Hospice commitment to delivering safe. effective. efficient care. There are also a number of audits that take place throughout the year and these are also monitored through this meeting. to ensure that all actions are undertaken, helping to sustain and improve high practice standards throughout the Hospice. Training and development needs are discussed and explored along with any relevant updates on national guidelines and feedback from any relevant meeting5 that have been attended. Regular reporting and feedback from the group takes place to the Hospice Board and the CCG. Many thanks to all the staff that have contributed to the Clinical and Inform3tion Governance agenda throughout the year. ON BEHALF OF THE CLINICAL GOVERNANCE COMMirrEE Mrs AGallagh Truste Chair f the Clinical Governance Committee and Clinical Advisor to the Board Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEEI Opinion We have audited the financial statements of Hospice in Rossendale {the 'charity'} for the year ended 31" March 2024 which comprise the Statement of Financial Activities. Balance Sheet. Cash Flow and Notes to the Financial Statements, including a Summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements- give a true and fair view of the state of the charitable group's and of the parent compan(s affairs as at 31, March 2024 and of its incoming resources and application of resource5, including its income and expenditure. for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial staternents section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate,. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other informatlon The trustees are responsible for the other information. The other information comprises the information in the Report of the Trustees, but does not include the financial statements and our Report of the Auditors thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, tonsider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinlon on other matters prescribed by the Companies Art 2006 In our opinion, based on the work undertaken in the course of the audit- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 11
REPORT OF THE INDEPENDENT AuDOR5 TO THE MEMBERS OF HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not Vlsited by us,. or the financial statements are not in agreement with the accounting records and returns: or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit- or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities set out on page eight, the trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue a5 a going concern. disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Our responsibilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Identif and assessin otential risks related to irre ularities In identifying and assessing risks of material misstatement in respect of irregularities, we considered the following.. the nature of the industry and sector, control environment and business performance- results of our enquiries of management about their own identification and assessment of the risks of irregularities- any matters we identified having made enquiries of management about their policies and procedures relating to.. identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud-
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations,. the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures. we considered the opportunities and incentive5 that may exist within the organisation or rau . In common witrtThits un er .wearea so require to per orm speci Ic proce ures o respon to the risk of management override. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effed on the financial statement5, but compliance with which may be fundamental to the company's ability to operate. Audit res onse to risks identified As a result of performing the above our procedures to respond to the risks identified included the following: reviewing the financial statements disclosure and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; enquiring of management about actual and potential litigation and claims.. performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud,. in addressing the risk of fraud through managernent override of controls, testing the appropriateness of journal entries and other adjustments- assessing whether the judgements made in making accounting estimates are indicative of a potential bias- and evaluating the business rationale of any significant tian5actions that are unusual or outside the normal course of business. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and reBulation5 throughout the audit. A further description of our responsibilities for the audit of the financial statements is located on the Financial ReportiriE Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Auditors. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the CompaniesAct 2006. Our auditwork has been undertaken so thatwe might state to thecharitable company'stru5tee5 those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work. for this report, or for the opinions we have formed. Mark Sunter (Senior Statutory Auditor) for and on behalf of Ainsworths Limited Chartered Accountants and Statutory Auditors Charter House Stanstield Street Nelson Lancashire BB9 9XY Date: 14 November 2024 Page 13
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31ST MARCH 2024 31.3.24 Total funds 31.3.23 Total Funds Unrestrirted funds Restricted funds Notes Income from: Donations and legacies 136,041 5(10 136,541 177,190 Charitable octivities.. Grants Other 498,972 10.988 498,972 10.988 523,304 7,443 Other trading activities 338,265 338,265 345,757 Investments 16.072 16,072 5,423 TOTAL 1.000,338 500 1,000,838 1,059,117 Expenditure on: Raisingfunds TradinE and marketing Fundraising 73.012 84.143 73,012 84,143 67,245 84,190 Charitable attivities 1,098,336 305 1,098,641 984,589 TOTAL 1.255.491 305 1.255,796 1,136,024 Net incoming resources before investment gains/{losses) 1255,1531 195 (254,958) 176,9071 Net Eainslllossesl on investments 52.304 52,304 (88,2101 NET MOVEMENT IN FUNDS (202.8491 195 (202,654) 1165,1171 RECONCILIATION OF FUNDS: Total funds brought forward 1,777,533 1,777,533 1,942,650 TOTAL FUNDS CARRIED FORWARD 1,574,684 195 1.574,879 1,777,533 There are no other recognised gains or losses for the year other than in the Statement of Financial Activities. The notes form part of these financial statements Page 14
HOSPICE IN ROSSENDALE (REGISTERED NUMBER 026557641 IA COMPANY LIMITED BY GUARANTEEI CONSOLIDATED BALANCE SHEEr AT 31ST MARCH 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets li 59,050 87,525 59,050 87,525 CURRENT ASSETS Current asset investments Debtors Cash at bank 13 14 704,673 69,316 820,305 652,369 76,466 1,041,606 1,594,294 1,770,441 CREDITORS Amounts falling due within one year 15 {78,465) 180,4331 CURRENT ASSETS 1,515,829 1.690,008 TOTAL ASSETS LESS CURRENT LIABILrriES 1.574,879 1,777,533 NET ASSETS 1,574,879 1,777,533 FUNDS Restricted funds Designated funds Unrestricted funds 16 195 168,000 1,406,684 224,000 1,553,533 TOTAL FUNDS 1.574.879 1.777.533 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102 (effective I" January 20191. th The financial statements were approved by the Board of Trustees on 14 November 2024 and were signed on its behalf by: Mr G D Summers- Trustee Mrs C K Lees - Trustee The notes form part of these financial statements Page 15
HOSPICE IN ROSSENDALE {REGISTERED NUMBER 02655764) (A COMPANY LIMITED BY GUARANTEE) COMPANY BALANCE SHEET AT 31ST MARCH 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible asset5 Investments li 12 55,937 83,527 55,938 83,528 CURRENT ASSETS Current asset investrnents Debtors Cash at bank 13 14 704,673 100,940 784,109 652.369 98,747 1.016.785 1,589,722 1,767,901 CREDITORS Amounts falling due within one year 15 {70,781) {73,8961 NET CURRENT ASSETS 1,518,941 1.694,005 TOTAL ASSETS LESS CURRENT LIABILITIES 1,574,879 1,777,533 NET ASSETS 1,574,879 1,777,533 FUNDS Restricted funds Designated funds Unrestricted funds 16 195 168,000 1,406,684 224,000 1,553,533 TOTAL FUNDS 1,574,879 1.777,533 These financial statements have been prepared in accordance with the special provisions of Part 16 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard 102 leffective I" January 20191. The financial statements were approved by the Board of Trustees on 14 November 2024 and were signed on its behalf by.. The notes form part of these financial statements Page 16
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEE) CONSOIIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2024 31.3.24 31.3.23 Notes CASH FLOWS FROM CHARITABLE AcfiviTIES Cash generated from activities {183,875} 160,5651 Net cash from charitable activities (183,8751 160,565) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of tangible fixed a55ets Proceeds from sale of tangible fixed assets Interest received {1,1941 {46,5711 15,000 5,423 16,072 Net cash from investing activities 14,878 126,1481 Increase/(decrease) in cash and cash equlvalents (168,997) {86,7131 Cash and cash equivalents at start of year 1,693,975 1.780,688 Cash and cash equivalents at end of year 1,524,978 1,693.975 The notes form part of these financial statement Page 17
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) CONSOLIDATED CASH FLOW STATEMENT NOTES FOR THE YEAR ENDED 31ST MARCH 2024 RECONCILIATION OF DEFICITTO CASH GENERATED FROM ACTIVITIES 31.03.24 31.03.23 Deficitlsurplus for the year Depreciation charges Profit on disposal of fixed assets Finance income 1202,654) 29,669 1165,1171 29,410 iis,0001 15,4231 (16,072) (189,0571 1156.1301 Decrease/lincreasel in trade and other debtors Increa5e/ldecreasel in trade and other creditor5 7,150 (1,9681 115,296 {19,7311 Cash generated from charitable activities 1183,875) 160,5651 CASH AND CASH EQUIVALENTS The amounts disclosed on the C35h Flow Statement in respect of cash and cash equivalent5 are in respect of these Balance Sheet amounts: Year ended 31# March 2024 31.03.24 1.04.23 Cash and cash equivalents 1,524,978 1,693,975 Year ended 31. March 2023 31.03.23 1.04.22 Cash and cash equivalents 1,693,975 1.780,688 The notes form part of these financial statements Page 18
HOSPICE IN ROSSENDALE {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Company information Hospice in Rossendale is a charitable company limited by guarantee, incorporated in England and Wales. The company number and registered office can be found in the Trustees report. Accounting convention The financial statements have been prepared under the historical cost convention, and in accordance with the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102), the Companies Act 2006 and the Charities Act 2011. Basis of consolidation rhe consolidated accounts of the group incorporate the accounts of the company and its Subsidiary. Rossendale Hospice Trading Lirnited. The results of trading activities of the subsidiary have been summarised in the Con501idated Statement of Financial Activities. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants receivable are accounted for when due. Income is deferred when it is received in advance of the period to which it relates. Income from donations. legacies. fundraising and other similar incoming resources are included in the year in which they are receivable. Income from the sales of donated goods is recognised when the significant risks and rewards of ownership of the good5 have passed to the buyer. Investment incorne is recognised on a receivable basis. Resources expended Expenditure is accounted for on an accruals basis and has been classified under heading5 that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on 3 basis consistent with the use of resources. Tangible flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Leasehold improvements Equiprnent and furniture Motor vehicles -20%- 25% on cost -20Y.- 25% on cost -25% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Pa8e 19
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES (CONTINUED) Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds which have been set aside at the discretion of the trustees for specific purposes. The intended use of any designated funds is set out in the notes to the financial statements. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Artivities in the period to which they relate. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities in the period to which they relate. Investments Investments are shown in the financial statements at their fair value. Any change in fair value is recognised directly in the statement of financial activities. Investments are classified as current asset investments where the funds are readily convertible and if the investments do not meet the readily convertible criteria they are classified as a fixed asset investment. Page 20
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 DONATIONS AND LEGACIES 31.03.24 Group 31.03.23 Group Company Company Donation5 and gifts Legacies received 131,541 5,000 131,541 5,000 99,913 77,277 99,913 77,277 136.541 136,541 177,190 177,190 In 2023, the donation and legacies income included, £20,500 of restricted and £156,690 of unrestricted fund5. CHARITABLE AcfiviTIES 31.03.24 Company 31.03.23 Group Group Company NHS: East Lancashire CCGIICB Continual Care Funding NHS England ICS Pilot EMIS Grant 288,619 195,961 288.619 195,961 317,266 180,038 20,000 6,000 317,266 180,038 20,000 6,000 14,392 14,392 498.972 498,972 523.304 523,304 In 2023, the charitable activity income included, £Nil of restricted and £523,304 of unrestricted funds. Page 21
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 OTHER TRADING AcfiviTIES 31.03.24 Group 31.03.23 Group Companv Company Fund raising events Retails sales 175,691 162,574 175,691 2,031 190,389 155,368 190,389 5,059 338,265 177,722 345,757 195,448 In 2023. the other trading income included, £Nil of restricted and £345,757 of unrestricted funds. INVESTMENTS 31.03.24 Group 31.03.23 Group Company Company Investment receivable 16,072 16,072 5,423 5,423 16,072 16,072 5,423 5,423 In 2023, the investment income included, £Nil of restricted and £5,423 of unrestricted funds. TOTAL RESOURCES EXPENDED Raising Funds Charitable Activities Total 2024 Total 2023 C05r5 directly allocated to octivities.- Staff costs Agency staff Advertising Travel and motor Event expenses Trading purchases Rent, rates and utilities Insurance Training Telephone Depreciation - unrestricted Repairs and renewals Stationery, postage and printing Miscellaneous Support costs (Note 71 Profit on disposal of assets 73,012 698,210 66,159 7,223 12,128 771,222 66,159 7,223 12,595 35,000 6,272 72,520 17,062 1,960 7,550 29,669 18,750 7,035 30,283 172,496 692.529 66,373 2,515 17,469 35,098 119,6871 66,868 12,856 2,069 5,447 29,410 19,221 13,001 34,736 173,119 115,0001 467 35.000 6,272 32,057 16,244 1,960 6,839 28,734 13.424 6,612 30,283 172,496 40,463 818 711 935 5.326 423 In 2023, the total expenses included, £26,849 of restricted and £1,109,175 of unrestricted funds. Page 22
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 SUPPORT COSTS Governance Support Costs Total 2024 Total 2023 Support costs allocoted to activities.. Staff costs Bank charges Legal and professional fees Audit and accountancy fees 154.288 3,088 154,288 7,893 5,596 4,719 153,329 6,642 8,677 4,471 4,805 5.596 4.719 15,120 157,376 172,496 173,119 NEf OUTGOING RESOURCES-GROUP Net resources are stated after chargin81{creditin8)- 31.3.24 31.3.23 Depreciation- owned assets Auditor's remuneration for audit services Operating lease payments- land and building 29,669 4,719 60,207 29,410 4,471 56,323 NET OUTGOING RESOURCES-COMPANY Net resources are stated after charging/lcrediting): 31.3.24 31.3.23 Depreciation - owned assets Auditor's remuneration for audit services Operating lease payments- land and buildings 28,734 3,744 32,057 28,570 3,496 28,173 STAFF COSTS 31.03.24 Group 31.03.23 Group Company Company Wages and salaries Social security costs Other pension costs 836.297 55,130 34.083 767,645 52,302 32,551 761,598 54,480 29.780 697.265 51,568 29,780 925,510 852.497 845.858 778,613 Page 23
HOSPICE IN ROSSENDALE {A COMPANY LIMITED BY GUARANTEEI NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 STAFF COSTS- CONTINUED The average monthly number of employees during the year was as follows- 31.03.24 Group 31.03.23 Group Company Company Day therapy Hospice at home Family support services Administration Fund raising Hospice shops 38 38 31 31 60 53 53 48 No ernployees were paid over £60,000 for the year ended 31" March 2024 nor for the year ended 31" March 2023. The Key Management Personnel were paid a total of £138,284 {2023= £145.6241 during the year. Trustees, Rernuneration No trustees received remuneration for their roles a5 trustees for the year ended 31 March 2024 nor for the vear ended 31" March 2023. Trustees, Expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31, March 2023. io. FINANCIAL PERFORMANCE OF THE CHARITY The consolidated Statements of financial activities include the results of the charity's wholly owned subsidiary. The financial performance of the charity alone is: 31.3.24 31.3.23 Income.. Donations and legacies Charitable activities Other trading activities Investments Contribution from subsidiary 136,541 498,972 177,722 16,072 42,200 177,190 523.304 195,448 5,423 32.825 Expenses.. Raising funds Charitable activities Investment Bains / Ilosses} 135,0001 (1,091,465) 52,304 135,0981 1975,9991 188.2101 202,654 165,117 Page 24
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ii. TANGIBLE FIXED ASSETS- GROUP Leasehold Improvements Equipment & furniture Motor vehicles Totals COST At 1st April 2023 Additions Disposals 30.457 180,025 1,194 59,866 270,348 1,194 At 31st March 2024 30,457 181,219 59,866 271,542 DEPRECIATION At 1st April 2023 Charge for year Elimination on disposal 30,457 124.167 19,669 28,199 10,000 182,823 29,669 At 31st March 2024 30,457 143.836 38,199 212,492 NET BOOK VALUE At 31st March 2024 37,383 21,667 59,050 At 31st March 2023 55,858 31,667 87,525 TANGIBLE FIXED ASsS- COMPANY Leasehold Improvements Equipment & furniture Motor vehicles Totals COST At 1st April 2023 Additions Disposals 11.640 165,935 1,144 59,866 237,441 1,144 At 31st March 2024 11,640 167,079 59,866 238,585 DEPRECIATION At 1st April 2023 Charge for year Eliminated on disposal 11.640 114,075 18.734 28,199 10,000 153,914 28,734 At 31st March 2024 11,640 132,809 38,199 182,648 NET BOOK VALUE At 31st March 2024 34,270 21.667 55,937 At 31st March 2023 51,860 31,667 83,527 Page 25
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 12. FIXED ASSET INVEsfMENTS Investments comprise the cost of the investment in the subsidiary undertaking. Details of the subsidiary undertaking are as follows: Name ofcom an Pro ortion of nominal Value of issued shares held Princi al Activi Rossendale Hospice Trading Limited 100% Ordinary shares Charity shops 13. CURRENT ASSET INVESTMENTS 31.3.24 31.3.23 Market value at begtnning of year Additions during the year Disposals during the year Net gain/ Ilossl during the year 652,369 740,579 52,304 188.2101 Market value at end of year 704,673 652,369 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.24 Group 31.03.23 Group Company Company Trade debtors Amount5 owed by subsidiary undertaking Prepayments and accrued income Other debtors 16.176 16.176 32.232 32,232 42,200 32,825 45,336 7.804 35,481 7,083 37,164 7.070 27,279 6.411 69,316 100,940 76,466 98.747 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.03.24 Group 31.03.23 Group Company Company Trade creditors Accruals Deferred income Other creditors 11.869 21.551 7,227 18,509 8,311 26,658 6,000 39,464 4.408 24.024 6.000 39,464 45.045 45,045 78,465 70,781 80,433 73,896 Page 26
HOSPICE IN ROSSENDALE IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS- GROUP Unrestricted funds Designated funds Restrirted funds Total Funds Fixed assets Net current assets 59,050 1,347,634 59.050 1,515,829 168,000 195 1,406,684 168,000 195 1,574,879 ANALYSIS OF ASSETS BETWEEN FUNDS- COMPANY Unrestrirted funds Designated funds Restricted Funds Total Funds Fixed a55ets Net current assets 55,938 1.350.746 55,938 1,518,941 168,000 195 1,406,684 168,000 195 1,574,879 17. MOVEMENT IN FUNDS-GROUP AND COMPANY At 1.4.23 Net movement in funds At 31.3.24 Restricted funds Fixed assets Other donations 195 195 195 195 Unrestritted funds Designatedfunds.. Hospice at Home legacv General funds 224,000 1.553,533 156,0001 (146,8491 168,000 1,406,684 1.777,533 (202,8491 1,574,684 TOTAL FUNDS 1,777,533 1202,6541 1,574,879 Page 27
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 17. MOVEMENT IN FUNDS- GROUP AND COMPANY {CONTINUED) Net movement in funds. included in the above are as follows- Incoming resources Resources Movement In expended funds Restricted funds Fixed assets Other donations 500 (305) 195 500 13051 195 Unrestricted funds De5ignatedfunds.' Hospice at Home legacy General funds (56,000) (1,147,187) {56,000} 1146,8491 1,000,338 1.000,338 11,203,187} {202,8491 TOTAL FUNDS 1,000,838 {1,203,492) (202,654) Deslgnated funds Hospice at Home Legacy A substantial Legacy was received in an earlier financial year. Although the Legacy was not restricted it Was discussed with the executors that it would be used for the purpose of contributing to the delivery and expansion of the Hospice at Home service. The Trustees consider it prudent to separately designate this Legacy to monitor its use over the coming years. Restricted funds Fixed ossets Thi5 fund relates to donations received for specific tangible fixed assets acquisitions. Page 28
HOSPICE IN ROSSENDALE (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 18. GI5 IN KIND Gifts in Kind during 2023-24 equate to £20,275. Big Tank Productions continue to support the Hospice with filming and creating videography. saving the Hospice approximately £5,0 per year. Rossendale Self Storage also continues to support the Hospice with access to two storage units for 12 months valued at £3,000. The Ladies Lunch and Hospice raffles prizes were higher end including holiday stays and meals at restaurants, equating to £8,185. 19. MEMBERS The company is a company limited by guarantee but not having a share capital. The liability of every member is limited to an amount not exceeding £1. In the opinion of the trustees the company is ultimately controlled by all the members acting together as no individual has overall control. 20. COMMITMENTS UNDER OPERATING LEASES The following operating lease payments are committed to be paid within one year. Group Land and buildings 31.03.24 Other operating leases 31.03.24 31.03.23 31.03.23 Expiring- Within one year Between one and five years More than five years 13,750 14.400 31.217 13.750 14.400 27,423 59,367 55,573 Companv Land and buildings 31.03.24 Other operating leases 31.03.24 31.03.23 31.03.23 Expiring: Within one year Between one and five years More than five years 31.217 27,423 31,217 27,423 Page 29
HOSPICE IN ROSSENDALE {A COMPANY LIMITED BY GUARANTEE) CONSOLIDATED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 31.3.24 31.3.23 INCOMING RESOURCES Donations and gifts Legacies received Fund raising events Retail sales Interest receivable CCG/ICB Grants Continual Care Services NHS England ICS Pilot EMIS Grant Other income 131,541 5,000 175,691 162,574 16,072 288,619 195,961 99,913 77,277 190,389 155,368 5,423 317,266 180,038 20,000 6,000 7,443 14,392 10,988 Total incoming resources 1,000,838 1,059,117 RESOURCES EXPENDED Staff costs Agency staff Advertising Travel and motor Specific event expenses Trading purchases Rent, rates and utilities Insurance Training Telephone Depreciation Repairs and renewals Stationery, postage and printing Miscellaneous Bank charges Legal and professional fees Audit and accountancy Profit on disposal of assets 925,510 66,159 7.223 12,595 35,000 6,272 72,520 17,062 1,960 7,550 29,669 18,750 7,035 30,283 7,893 5,596 4,719 845,858 66,373 2,515 17.469 35.098 119,6871 66,868 12,856 2,069 5,447 29,410 19,221 13,001 34.736 6,642 8,677 4,471 115,0001 Total resources expended 1,255,796 1.136,024 Net Incomlng / (outgoing) resources before investments 1254,958) 176,9071 Galns / (losses) on investments 52.304 188,2101 Net Incomlng / (outgoing) resources 1202,654} 1165,1171 This Page 30