katharine
house .
hospice
00
ombracing lrfe and living
"This year saw Katharine House celebrate
35 years of serving Stafford and
surrounding areas, an anniversary we are
all rightly proud of."
OUR DIRECTORS, AND TRUSTEES, REPORT
AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
A Company Limited by Guarantee not having share capital
Registered company number 02700516 (England and Wales)
Registered charity number 1011712
•AEGKIIEY*
0211212025
COMPANIES HOUSE
A04
#244

Contents
Chairman's Statement
Vision
Mission
Divin
dream come true
Tosh's Sto
Directors, and Trustees, Annual Re
ort
10
Introducto
Information
Strate
icRe
ort
13
Additional Disclosures
24
Independent Auditor's Report
31
Consolidated Statement of Financial Activities
35
Consolidated Balance Sheet
36
Compan
Balance Sheet
37
Consolidated Statement of Cash Flow
38
Notes to the Consolidated Statement of Cash Flow
39
Notes to the Financial Statements
Katharine Hous• Hospire annualreport& consol￿tedfj￿￿Ki•1jt4t•mffltsyearendM•trh 2025
Page 2

Chairman's Statement
This year saw Katharine House celebrate 35 years of serving
Stafford and surrounding areas, an anniversary we are all rightly
proud of and I thank all those staff and volunteers past and
present, and our supporters, who have made those 35 years so
successful. Our confidence in what we can offer the community
has been recognised in the adoption of a new Care Strategy
which looks ahead to increased services both within the In
Patient Unit, in outpatients, family support and in our community.
In what has been a very challenging year for the hospice sector and where news of
hospices in crisis has hit national headlines, we at Katharine House have continued to
provide invaluable support to the community. We have helped 1.833 people this year and
increased the availability of our care offering. The development of the 2417 helpline run
by our neighbouring hospices and supported by Katharine House has been recognised
and the local NHS will now fund this vital service for Staffordshire. With the local
Integrated Care Board (ICB) beginning to show some commitment to palliative care it's
concerning that there are going to be significant changes in the coming year as NHS
England is abolished and a significant reduction of funding to run ICBS is expected which
has led to uncertainty and lack of clarity. We hope this will be resolved swiftly.
We should however recognise the difficult economic situation all hospices work within.
Through excellent financial management and a tremendous amount of continued support
from our community we have so far been able to avoid cuts to our services, and with
continued support hope to continue to develop our services in response to the changing
needs of our patients in the coming years. Before Christmas we received the news of
additional Government fvnding, while very welcome the conditions of the grant mean it
cannot cover our running costs, for this we depend very much on both the local NHS
boards and the charitable contribution of our community.
This year has also seen the parliamentary debate on the Assisted Dying Bill. Ivhilst it is
not yet clear how this piece of legislation will impact the hospice movement, we are pro
actively engaging with our stakeholders to ensure preparedness whilst reinforcing the
importance of effective palliative care.
Page 3

This year saw the first real return to normal after the pandemic when our fundraising team
working alongside our Marketing and Communications (Marcomms) team worked
tirelessly to put on events again. supported fundraisers, and publicised the work of the
Hospice. Of note was the Vlalk to Remember at Shugborough Hall in October 2024, in
beautiful weather over 550 adults and children walked around the Nakn'onal Trust grounds
remembering loved ones and raising almost £20.000 for the Hospice. It was also great to
see our own staff getting involved in fundraising by undertaking their own Yorkshire 3
Peaks Walk in June. In March 2025 we were proud to be represented at the national
charity video awards ceremony where our promotional video "Alison's Story. was in the
finals. While we didn't win just to be there amongst all the massive national charities is a
testament lo the fantastic team behind our publicity. We have also started to put more
resource into ensuring we benefit where we can from gifts in wills. and we participated in
the Hospice UK TV advertising campaign earlier in the year. It is clear, like many
charities, income from wills is essential in keeping our care services going.
I have always been amazed at the fantastic work our volunteers continue to do for the
Hospice., without this support there is no doubt we couldn't run the seryices we do. In
June we held our annual volunteers evening where I was proud to present certificates of
service lo many volunteers but of note must be recognition of the 30 years voluntary
service given by Linda Bonney. We were also honoured to receive invites to the Royal
Carol Service at WestminsterAbbey,' where Norma O'Neill and Steve Coxon trNo
volunteers with a combined 32 years of service, represented the Hospice.
Our retail operalions remain a crucial element of the income generation effort. The big
event Ihis year was the opening of the Stafford Superstore on St Albans Road Stafford.
During the year we were also forced to close our store at SCC recycling centre Cannock
following decisions made by Staffordshire County Council. We are continuously looking to
open new retail premises where conditions allow. Trading conditions remain difficult with
increases in operational costs making the charity retail sector overall very challenging.
Donations and sales are what drives the retail operation. and this depends totally on the
local community supporting the cause and wanting to shop with us.
It is with sadness that I recognise the passing of one of our retail colleagues Malcolm
"Mac" Rollins, who for 9 years managed our retail operation at SCC recycling Centre
Cannock. he will be missed,
K•tharln• House Hospk• Ch•lmMn ise•tementywrendAlvth 2025
Page 4

As a Board of Trustees we spent a long time earlier in the year learning more about Ihe
NHS and hospice funding as well as looking at data to help us fully understand the
prlorities for our new care strategy. Thanks to Dave Fletcher and the care team for their
excellent work in allowing us to have such knowledgeable discussions on this crucial
development in our future. It was soon after this that both Dave our Director of Care and
Carina Lowe our Hospice Lead Nurse took extended personal leave (congratulations to
both on their respective new family additions); this left a potential gap in the leadership of
our care services, but the team stepped up and ensured a continuity of services. This was
a fantastic effort by everyone involved, especially the senior clinicians, staff nurses on
IPU, and our medical team. I thank you for your efforts that went above and beyond.
The Board of Trustees ¢ontinues to evolve with trustees leaving, including Alison Cape
who left after setving her 10 year temi as a most supportive Irustee and James Harley
whose excellent contribution to the Hospice during his short time on the Board was really
appreciated. We have been joined by Amanda Brooke and Helen Reeves who will bring a
whole new and valuable set of skills and experience to the Board. I look forward to
working with the Board as we move through the challenges the future holds.
As I complete my third year as chair I continue to be amazed at the dedication of the siaff
and volunteers that ensure the outstanding quality of care that is offered to our
community, One thing that slands out is the culture within Ihe organisation, there is a
definite feeling of affection for the charity and all it stands for; people enjoy working here
and of that l am immensely proud. However, lo continue we still rely on the massive
support from the community be that in the form of time. donations, buying from the shops
or just spreading the word. so thank you for making it all possible.
Peter Catchpole
Chairman
K•th•tine House Ilospke ChalnTrJn ss¢at•meneytsr•ndMwrh 2025
Page 5

kOthar￿e
hospic.e
iIL . Jf-~.F
Vosoon
People live welt and
die with dignity in.a
place of their choice.
(v

35
knthorne
house
hospice
Our
Mission
We help locat adults with
complex, progressive
illnesses from diagnosis to
the end of life through
free, high quality, specialist.
palliative care, advice and,
guidance and we support
those close to them.

J.
j.Four: years:ago,'bank,:manager"Victoria
l Einery',Mias diagnosed with";Parkirison's
. Sliè-'n£)iv,'réiiés"on.carérs.:
.4**
IWhil'e'a'pa-tient.wl..th.us,"48-.year.-old
%Victoria told us'about':h'er.'l<>iie.:of scuba.
tdivirig which..led'to our, nurses making
Iher.-'dre'ainibecome a.reality,"diving.witli
Stafford Sub-Aqua Club..and her."
rt)'rother.for..the.f.irst".time -at, Stafford"
"Léisure,.,Centtre,"
It W.as_s.uch:.a'.vrf.ondèrf.ul.:surFirise but';1
wastn'er.vous'bécause it's,been",years':
since.'I'.ve'beeri diving'because.of,:-'
j,mY,condition:'
Whenil.:was rèterréd:t'o,Katharine'Housé
pxceedè-d all
'expe'ctations-;, ..
will..always':be'
grateful.'Whén-:.11.
was.:un-der,the..
,water,,.' Ii,,didn,'t.'fee.lY
ill.::,My.,le-gs:
,worked';'my:iarms
worked,::my.'
,breathing¢'
*e
,. HosPiC8 it.'was.".suggested'i,stayed:witli'
'.themifor.'a couple.:,of.weeks.to manage.
imY,':5ymptomssand help'me..come".to an
acceptarice'of ,iriy illness:
l.-'didn't..wanti'to'.go b"ecause,of the
[perception..of 'the h05pice',I'had difficult.
conversations'and,gotiupset.. but.:the
iterm;things..We éven had a disco,in'rriy'
iroorri with-;a:.disco ball, "'the.sight of
5nurses,.dancing to.'ABBA at.the:bottom
lof,.your,.'bed.w.outd cheer..any.one,up!:'
to't'ally:aw.ésoin'e:.
ur.,:.care:

4¢
Joseph (Toshg Kolly
Our Lymphoederna speclallsts, eare Is
helplng Tosh 'get h5s Ilfe Ibadk, and
Spend quallty tSrn8 wlth hls famlly.
Darts enthusiast and ex RAF corporal,
To5h wa5 diagnosed with ca;ncer on
2022. Hav￿Th9 dodged an Exocet
mlsslle durlng thè Falklands War, he
was shocked to learn of his dlagnosls
s•ve,ral decades later.
TH EIPAPY 4
WELLDEING
Togh lost 24#9 durl,ng hls Illness and
for a, long tlme was only able to
consume meal replacement drinks
with a feeding tube. He was referred
to us for laser treatment.
"It seemed very
scary when the
hospice was
eirst mentioned.
It really fthrew
me. I di,dn't
realise it wyas a
health and
vdellbeing
centre thaft
could help me
feel better."
We have given Tosh laser treatment,
massage tihe,rapy, a mlnl-massage tool
and speclalTst neclk garment whlch
have helped hls recovery and enabled
hirn to start eating again.
As a darts lover who has played
against several ¢h•mpinonship players,
Tosh would love to get bad< Into
the sport
'ryh• tr•atm•rt had at Katharln•
House Hospko Is helplng me get my
Ilfe back. Vrn hoplng to get back to
playlng darts noxt y¢ar.°
¢aF@

TRUSTEES. AND DIRECTORS. ANNUAL REPORT 2025
THE YEAR IN SUMMARY
This year has been extremely positive:
/ We have delivered more care although to slightly fewer patients and
families at 1,833- 48 fewer than last year's high-water mark of 1,881.
Inpatient admissions rose 20¥0 to 200, the highest levels for a
decade.
rf Community services have increased significantly with respite and
hospice at home hours up 580A to 10,135.
O The second year of the re-launched therapy and wellbeing services
has seen very significant increases in activity with attendances and
telephone support up 25 % to 6,092 contacts.
rf We have, with Douglas Macmillan Hospice and Compton Care,
secured funding from the Integrated Care Board for the 24/7 advice
line launched in January 2024.
O Vacancy levels have fallen to under 5% and there is an improved
retention of staff.
O We have seen a further year of high income from gifts in wills.
O There has been a financial surplus of £553k.
Retail performance has not generated as much surplus, due mainly to
increased wage costs resulting from Government minimum wage policies.
Fundraising has also seen a reduction in both gross and net revenues.
As we leave the last financial year, the Trustees have decided to reinvest the
surplus into maintaining our care services and making our infrastructure
more robust, despite an expected deficit for the year. Key investments
include:
O Increasing medical and counselling support to patients.
O Developing the people function within the Hospice.
O In 2025/26 we expect to carry out a number of capital works using
the NHS England capital grant.
In 2026/27 we expect to make a heavy investment in refurbishing the
Inpatient Unit.
We look forward to 2025126 being as successful as 2024/25.
Katharine House Hosplce T•ustees'andDirert•s'annuair•portyearMdMar¢h 2025
Page 10

INTRODUCTORY INFORMATION
Introduction
The directors of the charitable company Katharine House Hospice (the Charity) are its
Trustees for the purpose of charity law and are pleased to present their annual report
together with the consolidated financial statements of the Charity and its subsidiaries for
the year ended 31 March 2025. which are also prepared to meet the requirements for
directors, report and accounts for Companies Act purposes.
The company meets the requirements to prepare a 'strategic report,, and this is included
within the annual report comprising sections four to seven inclusive.
How we make a difference
2.1 Legal Purpose
Our Articles set out the objects for the Charity as being to promote the rellef of sickne$5
and suffering, in particular:
by the establishment of day or domiciliary care and to establish, maintain and
manage a Hospice Hospital or Residential Home,.
b) To promote the teaching or training of doctors, nurses, and other persons;
To provide counselling or spiritual help.
2.2 Our Mission
Our mission is that:
-we help local adults wlth complex, pmgresslve illnesses from diagnosls to the end
of life through free. high quality. specialistpalliative care, advice andguidance and
we support those close to them. -
2.3 Our Services
In fulfilling its purpose Katharine House Hospice focuses on the provision of specialist
palliative and end of life care. These services, described below, are free of charge and
support people and their families affected by any progressive, life-limiting conditions.
Community Services
Services provided in the community include: a specialist nursing service providing advice
to healthcare professionals in primary care; a healthcare assistant led, rapid response,
hospice at home service providing hands on care and support to patients and families: a
respite sitting service to support carers: and supporting a 24/7 advice line.
Wellbeing Pmgrammes
Six-week programmes of advice. education, and support for patients, delivered one day a
week The programme is designed for patients earlier in the progression of their disease
to learn about different aspects of their condition and to improve self-management, for
example breathlessness, fatigue. or anxiety.
K•thann• House Howce annualreport& cons0lidatedfinaMalst•tementsyearendMareh2025
Page 11

Inpatient Care
24-hour specialist inpatient care providing symptom control, terminal care or respite care
is provided at the Hospice for up to eight patients, while the Hospice's consultant medical
team support 10 dedicated palliative care beds at County Hospital in Stafford.
Lymphoedema Services
A specialist lymphoedema service provided to outpatients. At present this is a mixture.of
a telephone or teleconferencing service and face to face assessments and treatments.
Outpatient Sernices
In June 2023 we launched outpatient provision, enabling patients and families to access a
wide range of services including.. medical and specialist nursing advice. occupational and
physio therapy, counselling, spiritual support and complementary therapy.
Charitable Income Generation
To ensure our services can be delivered at no charge the Charity carries out income
generation activities to raise funds to support the work of the Charity, most notably
fundraising, lottery, and retailing.
3.1 Approach to Fundraising
The Charity's fundraising activities are carried out by members of our community,
volunteers, and paid members of our staff. Fundraising activities are monitored by our
Income Generation Committee, including monitoring our compliance with the
requirements of the Fundraising Regulator.
3. 1. l Fundralslng Regulator
All charities with fundraising costs of £100,000 or more have been asked to pay an annual
voluntary contribution to fund the Fundraising Regulator. Trustees are unable to ascertain
the value of this expenditure to this organisation and have chosen not to do this.
We receive a weekly e-mail advising us of requests under the Fundraising Preference
Service to no longer contact donors. In the last year we have received no such requests
{2024: 0).
3. 1.2 Fundrais/ng Standards
The Charity conducts its fundraising in accordance with the best practice guidelines
available, for example from the Fundraising Regulator's Codes of Practice and guidance
from the Institute of Fundraising. We take a relationship-based approach to our
fundraising and consider the needs of our supporters (and our beneficiaries) when
undertaking all of our fundraising activities.
Katharine House Hospi¢e annu4lreport & consol￿a¢¢d.ftnanC1•I.sI￿t￿￿ntsye&rendm*rCh202S
Page 12

3. 1.3 Fundraising Complaints
Fundraising complaints are considered by tmo Trustee Committees. In 2024/25 in relation
to our fundraising activities the Charity received 3 general complaints (2024: 10
complaints), of which none related to the lottery (2024: 2). 2 were upheld in full, 1 was
partially upheld, no complaints were not upheld and none had no determination (2024: 2
15 / 2 11). There were a number of upset donors who turned up for an outdoor Light up
Life event that had been cancelled due to storm Darragh. None of the complaints related
to breaches of the Fundraising Code of Conduct. All were followed up swiftly and
concluded in accordance with the Charity's complaints policy.
3. 1.4 Vulnerable People
y worktng within the Fundraising Regulator's Codes of Practice and maintaining a
relationship-based approach to our fundraising activities we endeavour to protect
vulnerable members of our community. We have a policy in place regarding liaison with
supporters who may be vulnerable.
3. 1.5 Soclety Lottery
We have now outsourced the lottery operation to Local Hospice Lottery, which provides
significant economies of scale allowing a much higher proportion of each player's
contribution to come to support the work of the Charity. Local Hospice Lottery provide
monthly reports on performance in relation to membership, attrition rates, and financial
performance.
STRATEGIC REPORT
Key Strategies
We are in the third year of the Trustees 5 year corporate strategy. The key themes within
this strategy are set out below with progress made highlighted.
4.1 Care
Development of outpatient clinics for lymphoedema, consultations with doctors
and clinical nurse specialists, occupational therapy. physiotherapy. counselling,
complementary therapy. and wellbeing services. Completed with a￿￿tyleVelS
in¢reaslng slgnlficantly inyear 3
Seven day a week access to a telephone helpline for patients, families, and
healthcare professionals. Implem•nted
Guidance and educational resources for patients and families. Natpmgressed. but
intend to pursue
Maintain an open and collegiate approach to collaboration and integration with
other providers in the new Integrated Care Board. Commenced the 24/7adwce
line with Compton Care andDou9las Macmlllan Hospice
Kathwyne House Hospice ami4Mlrep•rt& ¢onsollda¢edfinan<lalstatementsy•arendMwch 2025
Page 13

Explore with general practitioners how we can better collaborate to meet the
needs of patients. Commen¢edcontart with some 6Ppra¢tt¢es-progress Is
difficult
Explore with other providers how we could share clinical resources within teams.
Limitedprogress with otherhospi¢es
Engage in the development of integrated care records for people at end of life.
Commen¢edand svork ongoing, greaterprogress is experted with the
implementafron of a new cl1nica1s￿ern at the Hosplce In 2025
Work with other providers to enable rapid and effective transitions for patients
into and out of our services. ￿mItedPrn9ress
Target support for patients who deteriorate rapidly by supporting improved
forward planning for patients at the end of life. Engaging on work within th•
Integrated care system.
During the year there was a comprehensive review of the care strategy, and the Board of
Trustees approved a new five-year strategy.
4.2 Revenue Generation
Continue to focus on medium to large retail stores, acquiring new sites where we
have closed smaller units. One newshop op•n•d
Develop collaboration on retailing with other charities. Noprogress butcontinue
to explor•
In fundraising:
o Adopt a data driven approach to decision making. Significantpmgress
o Improve nurturing activities for all donors. Commenc•d
o Develop an effective communications strategy for supporters, work has
commenced on internalsystems
o Improve our website's content and functionality. A comprehenslve revlew
of our website functionality has cOMn￿n(ed
Improve our social media content. There has been a considerable
Improvement In our on-Ilnepresenc•
Emphasise securing gifts in wills and regular giving. Commencedandhave
appointeda dedicatedpetson to supportgift In wills.
4.3 Support Services
4.3. 1 People
Develop an engaged workforce that is proud to work for Katharine House.
Considerable work has been undertaken. a recentstaffsuTheygained considerable
engagemen¢ althou9h identifieda si9nificant culturalissue within retail
Disperse leadership within the organisation. Commenced
Move the leadership of the organisation onto a project-based approach.
Jmplementedand the appmach was review•dandrevisedlnyear3
Simplify the processes for managing people. Commenced. expected topmgress in
year 3 with th• implementatlon ofa new MR system
Katharine House 11ospic• annwlryt& c0nsolhlatedfina￿1alstat¢￿￿tsy¢4rend￿I0fCh2O2s
Page 74

Review all HR practices to make them simpler. easier to follow. and more accessible
to managers and staff. Comnminced wlth ongoing workinyear3
Develop a plan that focusses on equality, diversity and inclusivity. Nopmgress
expertedunfrlyear S
Enhance our use of volunteers. we have added close to 100 hours within the
retail operation. but a new approach needs to be developed, experted2026.
4.3.2 Marketing and Communications
Change our tone of voice as an organisation, becoming bold and emotive: looking
to inspire and inform our audiences by telling positive stories about our work.
Completedandnow ongoing
Be explicit about the symbiosis between our care services and our income
generation. Completedandnow ongoing
Change perceptions about hospice care. Commencedandongoing
Ensure marketing and communications work is strategic and effective by
implementing research and evaluation of campaigns and marketing activity.
Significant hudway has been made inyear3
Develop a one hospice approach. Sl9niflcantprogress
Work closely with other teams to ensure that stakeholders experience one hospice
communicating with them. Slgnlllcantpmgress
Review our brand identity, ensuring it is in line with how we want our audiences to
perceive us and ensure we have a clear, bold visual identity. Complet•d
Build a more robust marketing & communications team. Completed.
4.3.3 1nformat/on fechnology
Adopt a 'Think cloud first" approach. More elements are moving to the doud. The
new clinicalandHR systems will be ¢loud-based
Replace our clinical and HR systems. ainicalsystem andHR systems acquired. and
implementatlon has commenced
Replace the telephone system. Completed
Introduce a system to help standardise our procedures, increasing compliance,
reducing paperwork, and providing easier reporting. System acquiredandfirst ten
nwdules are up andrnnnlng.
Achievements and Performance
5.1 Summary of Main Achievements
The Hospice has strengthened its financial position, continued to develop its core seNices
and invested in its income generation areas, in particular opening the larger, renovated
Superstore in Stafford.
Kathanne House Ilospke anrnMlreport& consolidatedfinancMlstat•mentsyearendAl4r¢h2025
Page 75

5.2 Progress with 2024/25 Objectives
The principal objectives for 2024/25 and progress against these are set out earlier and
below.
5.2. 1 Extend and develop our outpatlents theraples and wellbeing services
Activity has risen exponentially in the year to March 2025. Outpatient attendances rose
by 163% to 844, although this was offset by a fall in home visits of 40% to 211,. telephone
calls to patients rose by 23% to 5,248; new initiatives for social activities were introduced,
including Tai Chi and Relaxation classes.. wellbeing attendances increased 8% to 188,
although the numbers attending Fatigue. Anxiety, and Breathlessness sessions fell by 32¥0
to 76,. a new carers group was introduced seeing 67 carers; and the complementary
therapies team saw 670 patients, an increase of 819A.
5.2.2 Increase pmvision of community seThices
Activity has increased in the hospice at home services with 10,135 hours of care being
provided, up 3,718 hours (58%) on 2023/24.
The palliative care nurse specialists carried out 25 fewer home visits (2%) and 173 fewer
telephone calls (40ts1. but more time was needed for the team to support the advice line.
5.2.3 Develop relationships within primary care
It has proved hard to develop engagement within primary care, but we have built
relationships with several GP practices to trial a scheme for palliative patients to be
contacted by the Hospice (with an option for patients to opt out) but this has not yet
translated into additional referrals. We also engaged with practices over the development
of the ICB pal liative care strategy,
5.2.4 Review and revise our care strategy
There was an extensive review of our care strategy, resulting in a new 5 year strategy with
28 projects during this time to increase service delivery, improve quality, and strengthen
governance.
5.2.5 Develop proposals for renovation of the inpatient unit
The board has approved an investment of up to £1.5m for the refurbishment of the
inpatient unit. This will create 10 single bedrooms with ensuites and the enhancement of
the working environment on the unit. Planning applications and tenders will be completed
in 2025126. with work expected to commence in spring 2026.
5.2.6 Secure at least one additionalpremises for retail
A site in Rugeley was secured and has opened in April 2025.
. Kath•nne House Hosplc• annualreport& conso11dat￿finan¢MJ$ta¢é￿1¢ntsyeare￿d￿I•rch1e2S
Page 16

5.2.7 Commence the implementation ofa new c/ini¢alsystem
The Charity has acquired Systmone to replace the old clinical system which will no longer
be GDPR compliant. The system has been launched in June 2025, and work has been
delivered to design and structure the new system and to commence training of staff.
5.2.8 Implement a newsystem for managing incidents
An incident management system was launched in June 2024.
5.2.9 Implement a new system for managing risks
The main system was launched in quarter 4 for the management of all risk assessments,
excepting those relating to individual people. A separate system was launched in April
2025 to handle these more sensitive risks, with more restricted access to each risk
assessment.
5.3 How We Measured Performance and Success
The main measurements for success relate to increasing our provision of services
section 5.4. Additional items routinely reported to Trustees include:
see
Qualitative aspects of care services such as patient falls, medication errors,
pressure ulcers
Compliance with Care Quality Commission standards
Health and safety data on accidents and incidents
Data breaches
Complaints and outcome of complaints
Staffing levels against establishment
Staff absence rates
Staff turnover
Compliance with Fundraising Regulator guidance
Financial information compares each department's performance against budget, in
particular retail income and surplus, fundraising surplus, lottery surplus, statutory sector
income, and net expenditure on care, support seNices and overheads.
5.4 2024/25 Charitable Activities
During 2024/25 the number of individual people we supported decreased slightly from
1,881 to 1,833.
A summary of some of the key metrics for our main seNices is set out in the following
table
with some patients accessing seprfices more than once and accessing multiple
services.
Katharfne House Hwpi(e annualreport& consolidat￿fln4ffO*l$ta¢èmentsyeare￿dM￿r¢h ZQZS
Page 17

Year ended
2025
2024
2023
2022
2021
Inpatient bed days
Inpatient admissions
2,247
2,356
2,117
2,214
1,717
200
167
147
125
125
Outpatient attendances /
Home visits
1,055
672
163
Closed
Closed
Specialist nurse visits
1,302
1,327
1,283
1,286
486
Community care contacts
5,567
5,374
5.579
5,998
6,376
Lymphoedema treatments
Telephone/video calls
1,920
1,853
1.667
1,404
514
17,668
15,333
13.123
12,964
15,992
Counselling sessions
Carer / social support
1,383
1,364
902
1,380
1,109
355
172
23
5.5 Summary of Main Operatlonal Challenges
Katharine House Hospice's patients live within the boundaries of the Staffordshire and
Stoke-on-Trent Integrated Care Board (the ICB). Unfortunately, this ICB has very significant
financial issues. Last year saw the first increase in our funding for a decade and at 1.7%
this was wholly insufficient considering the 8.2% increase in our payroll costs. Additional
one-off payments have supported the Hospice through this period and especially the
Covid related grants received from NHS England. However, our expectations that a single
NHS commissioner would see an improvement in the underlying funding arrangements
seems unlikely to happen. There is an expectation that we will move from a grant to
contract, but this has been a slow process.
Public misconceptions and fear about death and dying, the nature of our seNices, and the
work of hospices continue to create a barrier to patients accessing our services. It is
unfortunate that too many families wish they had accessed our services earlier.
Continual changes and increasing requirements on a range of regulatory and compliance
issues has meant senior management time is diverted to addressing legal requirements
rather than improving our performance. The latest changes incorporate a raft of new legal
requirements under employment law, and a new regime for providers registered with the
Care Quality Commission.
Financial pressures continue to be created through government policies on minimum
wage and this year the colossal increase in Employers, National Insurance contributions.
which represent an unfunded increase in our costs in excess of £0.25 million.
We also experience retail landlords having unreasonable expectations on rents and a lack
of suitably sized retail spaces to rent.
Kathathe Hous• Ilospi¢eannualreport& ¢•nsolld•tsdfinan¢ialstatenwntsyearffidMar¢h2025
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5.6 Summary of Key Objectives for 2025/26
The key objectives for the 202S/26 year are:
1. Complete the implementation of the new clinical system.
2. Procure and implement a new Human Resource system.
3. Identify another retail site.
4. Implement a telephony support programme for patients.
S. Commence an initiative to improve identifying and achieving patients. preferred
place of care and death.
6. Continue preparatory work to support the planning and delivery of the Inpatient Unit
refurbishment.
7. Expend the NHS England grant to improve IT support for care services, including an
electronic prescribing module, improving physical access to our services, and
supporting environmental initiatives.
Financial review
6.1 Factors Affecting Financial Performance
6. 1. l Review of factors afferting performance
The major factors within the control of the Charity are managed effectively, enabling the
Trustees. to move the Charity forward. There are sound systems for reviewing the quality
and safety of patient care, financial performance, staff management and staff
representation, staff and volunteer recruitment and induction, the protection and
appropriate use of personal data and the management of health and safety.
There are a wide range of factors lying outside the direct control of the Charity.
6. 1.2 The relationship with the Integrated Care Board MCB)
£1.53m {26.8%) of the £5.7m needed to fund and operate the Charity comes from the NHS.
The Trustees are disappointed that there has been no progress on palliative and end of
life care when it appeared initially to be a high priority within the newly formed
Staffordshire and Stoke on Trent IC8. The offer of a 2.15% uplift for 2025/26 is wholly
inadequate.
6. 1.3 Cost pressures
Wage inflation remains our biggest expenditure itern, with substantial increases in both
April 2023 and April 2024.
We continue to see unavoidable costs imposed on the Charity. Our costs are systematically
driven up by the need to comply with legislative requirements with the major cost burden
coming from increases to the National Minimum Wage. In April 2023 the minimum wage
increased by 9.34% and the cost of a full-time employee by 10.2%. An increase in the
KatharineHowe Hospiceannualrnport &cons01idatedfinancwlslalementsyearendMarch2025
Page 19

minimum wage of 9.7% in 2024 has an increasingly significant impact on our payroll costs.
National Minimum Wage increases and Employers, National Insurance Contributions will
result in an 11.30A increase in the costs of employment for those at the lowest end of our
pay scales and 5.3% for the highest paid from April 2025.
6. 1.4 Recruitment and retention
Recruitment and retention have improved significantly in the last year, with vacancies
falling to 5% at 31 March 2025.
6. 1.5 Competltlon
The external conditions for all income generation have become increasingly competitive,
particularly in retail where more charity shops are competing for donations and customers,
while commercial companies will pay former potential donors for goods they might
otherwise have donated or persuade them to sell their items on-line.
National charities are adopting TV advertising as a means to attract increased gifts in wills.
As a local hospice it is beyond our means to adopt this approach, but we have recently
joined with other hospices through Hospice UK to develop a nationwide TV advertising
campaign, which launched in February 2025.
6. 1.6 Supplier issues
The Hospice has experienced unusual issues with the reliability of certain suppliers
in
particular building contractors where there is a high demand for their services and rapid
increases in their material costs. This is making it difficult to get quotations that have any
longevity to enable comparisons and ensure best value for money.
6. 1. 7 Regulatory burden
The regulatory burdens on the Charity are extensive, burdensome, and costly, both
financially and in staff time. Compliance with the Office for National Statistics requirements
to provide data, anti-money laundering requirements, HMRC requirements on making tax
digital, a new provider portal at the Care Quality Commission are a few examples of the
regulatory burdens we have faced.
6.2 Charltable Income Generation
6.2. 1 Performance andpn?portion of income ra￿edSPent on raising funds
In addition to raising funds. fundraising costs include managing the receipt, counting,
banking of all donations, thanking all supporters, reclaiming Gift Aid on relevant donations,
as well as supporting others to raise funds on our behalf. We received 12,703 donations
(2024: 12.299) the smallest of which was ten pence and the largest was £50.000.
28 people left a gift in their will (2024: 30) and donated £1,177,967 (2024: £1,163.127).' this
will fund the care for 1 in 3 of our patients in the coming year.
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Page 20

The outsourced lottery contributed £337,044 (2024.. £296,365) to the Hospice. The
outsourcing has increased the proportion of players, funds that have.supported the care
provided by the Charity.
Income Source
Gross income
Costs Net contribution
% FR costs
Fundraising
(Excl legacies and lottery)
919,933
347,156
572,777
37.7%
2024:
946.423
294.669
651,754
31.1%
6.2,2 Retall Performance
The strong performance of the retail operation has reversed in the last year. Staffordshire
County Council did not renew the agreement to enable us to reuse items going into
household waste. General revenues were depressed across most of our sites, whilst
increases in the national minimum wage caused a significant growth in our operating costs.
Comparative figures for the last two years are provided below.
Year ended
2025
2024
Sale of donated goods
Trading income
Expenses
Net revenues
4,419,327
4,625,113
268,340
305,840
(3,806,846)
(3,653,217)
1,277,736
880,821
Gift aid on retail sales
340,388
325,297
Totsl contrlbution
1.221.209
1.603.033
6.3 Review of the Financlal Accounts
The accounts for 2024125 are prepared in accordance with the requirements of the
Charities Statement of Recommended Practice (2019) (FRS 102).
K•th•rlne Ilow• Hospk• annts•lr•port at consolldatedfin•nclalstatementsye•rend M4r¢h 2025
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6.3. 1 Review of the
Inancialposition and main sources of funding
Key financial aspects of performance are:
Item
Chan
2025
2024
Legacy income
Increased by £14,840
1,177,967
1.163.127
Statutory Sector income
Increased by £1 S6.902
1,531.815
1,374.913
Fundraising income
Decreased by £26,519
919,904
946,423
Lottery income
Increased by £40,679
337,044
296,365
Retail surplus
Decreased by £381.825
1,221.209
1,603.033
Charitable costs
Increased by £226.800
4,479,407
4,252,607
Statutory income benefitted from a contract to care for a single patient at £120,799,
Charitable cost increases reflect investments in a collaborative advice line. outpatient
services, community care, medical services, and additional payroll costs as noted within
the report.
The local Integrated Care Board has agreed to maintain the Charity's grant with an uplift
for 2025/26.
Investments
Decreased by £2,980
626,535
Charitable Funds
Increased by £553,194
10.234,811
' Free Reserves
Increased by £262,843
6,955,341
6.3.2 National Health Service (England) Capital Grant
The Hospice was in receipt of'£98,012 as part of Hospice UK'S distribution of a £25m grant
from NHS England to be spent on capital works. This is the first of two tranches of funding.
The Hospice used these funds for the following capital works:
1. The development of the Systmone clinical system
£73,350
2. The provision of laptops for the hospice at home team
£19,620
3. The erection of a car park barrier to prevent unauthorised parking £13,377
The second tranche is for 2025126 and £75m will be distributed to hospices.
Katharine House Hospice anrnialreport& consolidatedfinanc•alstatementsyearendMar<h2025
Page 22

6.3.3 Reserves policy
The free reserve funds of the Charity, excluding restricted funds, are calculated from the
consolidated balance sheet as total net assets less fixed assets, creditors over one year,
and provisions. These are summarised below.
The Trustees have established seven designated funds. Details of funds are contained in
note 25 to the accounts.
The Trustees, resetves policy is that in order to fulfil the Charity's obligations to the
communities it serves it is desirable for there to be unrestricted and undesignated funds
{or free reserves) available as current assets, or investments, equivalent to six months,
running costs of the Charity: the minimum reserves should be two months, running costs.
The free reserves stand at £6,955,341 (2024: £6.792,498) equating to 15 months operating
costs for the Charity. The Trustees have approved a budget deficit of £736k for the financial
year 2025/26 (after £380k of contingencies) to ensure the Charity can make progress
against its strategy. Trustees are satisfied that the Charity has sufficient liquidity within the
reserves to maintain the Charity's current operations over a medium term of three years
in a normal operating environment.
Details of the funds held by the Charity are provided in note 25.
6.3.4 Going con¢em
When setting the 2025/26 budget the Trustees look at a further two year forecast and the
implications on the Charity's reserves. At the time of setting the budget a surplus of £570k
was predicted for 2024/25. The Trustees were therefore willing to allow an unusually high
deficit in the budget to facilitate the continued development of the Charity and it seNices.
Deficits forecasted after contingencies are,.
£'OOOs
2025126
Budget
2026127
Forecast
2027128
Forecast
Deficit
736k
880k
950k
The forecasts do not include planned increases in revenues from opening new shops and
further recovery of income streams. The Hospice is investing its reserves in growing its
current seNices and developing a more robust organisation.
6.3.5 Investmentpolicy
The Memorandum of Association empowers the Trustees to invest the monies of the
Charity as may be thought fit. During 2022, Trustees transferred the investment funds to
abrdn plc and later in the year transferred some cash balances to abrdn to attract higher
interest rates. Abrdn's discretionary fund management business has since been taken over
by LGT Wealth Management UK LLP. The assets held are disclosed in note 18.
The primary objective of the investment portfolio is to provide capital growth over the
medium term.
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Page 23

No funds have been added to or withdrawn from the investments for the last six years.
Performance over this time is set out in the table below based on the portfolio market
valuation at the relevant tax year end for 2020-2022 and financial year ends for 2023-2025.
At 31 March
2025
2024
2023
2022
2021
2020
Value (£OOO's)
627
629
574
601
584
499
Annual Growth %
17.0
-18.0
Principal Risks and Uncertainties
The Trustees have drawn up an assessment of key risks that they feel are Important to
consider in the management of the Charity. A structured methodology is in place for the
assessment and management of risk. Static risks are usually reviewed annually, but
dynamic risks are reviewed more frequently by the executive.
The principal risks and uncertainties faced by the Charity are:
The effectiveness of the Staffordshire and Stoke-on-Trent Integrated Care Board.
Government imposed increases in the operating costs. notably minimum wage
increases and employers national insurance contributions, which have combined
to add over 30Yo to the costs of employing staff.
Difficulty in acquiring new, suitable retail premises.
Overstretching of the managerial resource.
ADDrrioNAL DISCLOSURES
Structure, Governance and Management
8.1 How the Charity is Constituted
Katharine House Hospice is a charity and company limited by guarantee. Its governing
document is the Memorandum and Articles of Association of the company, which may be
altered by a simple majority of voting members at an annual or extraordinary general
meetin9. This document was last amended on 28th November 2023.
8.2 Organi5ational Structure
Katharine House Hospice has two wholly owned subsidiaries.
Katharine House Retail Limited (Registered company number 03949314), operates
eBay, house clearances. sales in prisons, new goods, and merchandising activities.
KH Promotions Limited (Registered company number 03295776), is dormant.
Kath•rlne Hause anmialrwrt& consollda¢edfinanwlst•lementsyearendMarch2025
Page 24

Katharine House Retail Limited gift aids its profits to the Charity.
Note 11 to the financial accounts summarises the performance of subsidiary companies".
their accounts will be filed at Companies House.
KHH Development was dissolved in November 2024 and Embrace Quality Care in April
2025.
8.3 Decision-making Processes
8.3. 1 Board of Trustees
The Trustees (who are also directors of the company) act through the Board of Trustees,
which meets six times in each year. Additional meetings may be called from time to time.
The Board oversees all strategic. tactical, and governance aspects of the Charity's operation
and its future direction,
The Board delegates most of its functions to six committees, each with their own terms of
reference. Governance is undertaken by each Trustee committee in their areas of
responsibility, monitored by the Governance Committee and the Board of Trustees. These
committees are:
1. Clinical
2. Income Generation and Engagement
3. Finance
4. Remuneration
5. People and Support SeNices
6. Governance
8.3.2 Management
The day-to-day operation of the Charity is delegated through the annual budget setting
process to the Chief Executive and through him to the management teams. 6 senior
executives form the Executive Team.
8.4 Trustees Appointment. Induction. and Support
Recruitment of Trustees is overseen by the Governance Committee. Consideration is given
to the knowledge and skills desired of new Trustees in relation to the current skills and
attributes of existing Trustees. the skills that are deficient on the Board, and the need to
plan for succession of Trustees who are due to stand down.
Following a shortlisting process candidates are invited to attend a Meeting with two
current Trustees. The full Board must approve any initial appointment. At the AGM
immediately after appointment Trustees are formerly elected and can serve for up to six
years. Thereafter Trustees may stand for two further elections each for two yearterms, but
thereafter must stand down for a period of 11 months.
New Twstees receive a full induction and have a Trustee mentor who acts as a confidential
advisor on Trustee issues. They have the option to spend time in key areas, for example,
care and retail.
Kathanno House Hospi¢e amwalreport& ¢¢MsOllda¢edfin￿<I4I$*8¢wm¢ntsYe*r¢n0A14rch2Ols
Page 25

Training for Trustees is provided on an ad hoc basis, although trustees are expected to
complete a number of online courses. for example on safeguarding and Data Protection.
Every three years appraisals take place for Trustees and for the full Board.
Other Relevant or Required Disclosures
9.1 Vital Volunteer Support
Katharine House Hospice simply would not exist without the volunteers who were so
heavily involved in the Charity's inaugural steering committee and we would not be able
to provide the quality and variety of services we do without the ongoing passion, time and
commitment of this amazing group of people who have continued to support the Charity.
At 31 March 2025 we had a total of 305 volunteers supporting the Charity (2024:
311). During the year 18 volunteers stopped volunteering (2024= 57). During the year
volunteers are estimated to have provided 47,281 hours of support (2024: 49.475), a
decrease of 2,194 hours.
Our volunteers, who vary in age frorn young people on Duke of Edinburgh schemes to
some over 80 years, bring with them a diverse set of life experience, passion and
enthusiasm. We are immensely proud and appreciative of all of our volunteers and have
large numbers who have completed and have been recognised for long service (in excess
of S years). During 2024/25 23 of our volunteers were acknowledged for long ser4ice
(2024: 52): including 1 for 30 years, 2 for 25 years, and 1 for 20 years of seNice.
9.2 Charity Governance Code
The Trustees are aware of the new guidance issued by the Charity Commission and during
the year have commenced a review of this guidance to identify appropriate actions to
improve the governance of the Charity.
Trustees commissioned a self assessment of performance on governance from an external
company. The Charity received the report in March, which showed a close alignment
between the Trustees and the executives in terms of governance progress. The main area
of concern is equality, diversity and inclusivity where more progress can be made.
9.3 Relationships wlth Other Organisations
Katharine House Hospice is an independent charity, but is affiliated to or has connections
with a number of organisations. These are= the local council for voluntary services
Support Staffordshire; the National Association of Hospice Fundraisers; and Katharine
House Hospice is a member of Hospice UK.
Katharine House Hospice's care seriices are regulated by and registered with the Care
Quality Commission.
Katharine House has a number of shared posts with the University Hospitals of North
Midlands NHS Trust.
Kathanne House Ilowe annualreport&¢onsolAlatedfinanoalstatementsyearendMar¢h2025
Page 26

The Charity is funded by NHS England to provide in-reach services to two local prisons
and to support local care homes in the delivery of palliative and end of life care.
The Charity has developed a 24n advice line in partnership with Douglas Macmillan
Hospice in Stoke. and Compton Care in Wolverhampton covering the Staffordshire and
Stoke-on-Trent Integrated Care Board. Katharine House funds our partners for the
provision of these services, which is the most cost-effective way of delivering this service.
From April 2025 this service is expected to be funded by the ICB.
The Charity seeks to develop relationships with other providers and charities in the
furtherance of its objectives.
9.4 Related Parties
None of our Trustees receive remuneration or other benefit from their work with the
Charity. There are a number of connected entities associated with Trustees and executives
and these are disclosed in full in note 27 to the accounts.
Two Trustees are employees of the University Hospitals of North Midlands Trust. Katharine
House jointly funds posts with, or contracts in services from, this trust. Decisions in relation
to these posts either pre-date the appointment of the Trustee or the Trustee has declared
an interest in the decision and been absent when any such decisions have taken place.
The relevant Trustees have taken no part in the contract negotiations.
9.5 Pay Policy for Senior Staff
The Trustees and the executive management team comprise the key management
personnel of the Charity collectively setting the strategy, policies, and governance
framework for the Charity and the executive team directing, controlling, and operating the
Charity on a day-to-day basis. All Trustees give of their time freely and no Trustee received
remuneration in the year. Details of Trustees, expenses are disclosed in note 10 to the
accounts and were nil (2024: Nil).
The pay of all staff is reviewed annually by the Remuneration Committee comprising
Trustees and the Chief Executive and on an ad hoc basis as and when it is felt appropriate
to adjust salaries. The Committee seeks to balance fairness and equity in the pay of staff
for the roles performed, against affordability for the Charity. For positions where
recruitment is more difficult higher wages may be offered. Certain groups of staff -
particular nursing and care staff
have structured pay scales that are broadly
commensurate with similar roles in the NHS Agenda for Change pay scale.
The Chief Executive's pay is determined by Trustees at a full Board rneeting.
The Remuneration Committee is empowered to award discretionary payments to staff for
exceptional performance,. however this is rare. No awards (excepting acting up allowances)
were made in the year under review (2024: 0). No staff are on bonus schemes.
Staffing levels, redundancy costs, pensions and emoluments are detailed in notes 12, 13
14, and 15 to the accounts.
atharhpe House Hospice annualr•port & ¢onsolldat•dfinan¢olstat•m••tsy•arendMar¢h 2025
Page 27

9.6 Employment Policy
Katharine House seeks to be an equal opportunities employer. The nature of some of the
tasks required to be done in retail and care (the two largest employment sectors of the
Charity) make it difficult to employ people with significant physical disabilities. All
positions are open to people with a range of mental health issues. We do not record and
maintain comprehensive data on employees with disabilities. Only when the organisation
has a need to know do we keep such records. for example where we have a duty of care
as an employer. We are therefore only able to report on the minimum numbers of people
with disabilities known to us.
We provide a free and confidential advice line to all employees, but as this is confidential
we have no data on levels of access.
The Charity is required to report its pay arrangements under The Equality Act 2010 (Gender
P.ay Gap Information) Regulations 2017. The following table provides a summary.
ri
2021
As at:
ri
02
2024
202
2022
Mean gender
pay gap
0.19
- 0.36
+ 7,56
0.14
3.78
12.17
Median gender
pay gap
8.03
7.72
2.56
4.19
12.2
3.45
The mean gender pay gap has moved to a neutral position. The median gender pay gap
is negative. showing the median pay for women is 8% higher than for men.
10. Public Benefit Statement
All services provided by Katharine House Hospice are provided free of charge to patients
and families,. Trustees consider that all this activity is, in its entirety, charitable. In providing
access to these services, the Trustees have sought to ensure that the only considerations
are: the appropriateness of meeting the needs of each patient; the capacity to meet this
need,. and the safety and welfare of all patients.
In making decisions in relation to the delivery of current services, the proposed
development of new services. and the use of the Charity's funds, the Trustees have
complied with their duty to have due regard to the guidance on public benefit published
by the Charity Commission.
11. Reference and Administrative Details
Charity Name..
Charity Reg￿tratiO*T.
Incorporatioff.
Company Number.
Date ofIn¢orporat/off.
Katharine House Hospice
1011712
Company Limited by Guarantee
02700516
25th March 1992
K•tharln• House 11ospk•annualreport& cansolidat•dfinan¢lalst•t•nwntsye•rendMar¢h 2025
Page 28

Registered Office.
Weston Road. Stafford, ST16 3S8
The Registered Office is also the principal address of the
Charity
Trustees and Dlrectors and Key Management Personnel:
The Directors of the Charity are its Trustees for the purpose of charity law. The Trustees
and Officers serving during the year and since the year end were as follows:
Trustees:
Mr P R Catchpole Chairman
Dr M Bland
Mrs A J Brooke
Mrs A J Cape
Mrs J C Clarke
DrZDin
Mr F A Gaffney
Mr J R Harley
Mrs S J Harris
Dr R G M Hughes
Mr A P Jeffries
Mr S P Kirwan
Mr B W J Phillips
MrA S Porter
Mrs H E Reeves
Mr M R Smith
(appointed 2 July 2024)
(term ended 27 November 2024)
(resigned 16 August 2024)
(appointed 24 July 2024)
Company Secretsry:
Mr S P Kirwan
Reg05tered Manager..
Officers:
Mr D Fletcher
Director of Care:
Medical Director:
Chief Executive:
Deputy Chief Executive:
Retail General Manager.
Director for People:
Mr D Fletcher
Dr C Bruckner-Holt
Dr R T Soulsby
Miss L M Taylor
Mr S Dodd
Mrs C Poole (appointed 10 November 2024)
Auditor / Accountants:
Crowe U.K. LLP
Black Country House, Rounds Green Road, Oldbury, West
Midlands B69 2DG
Investment Brokers:
LGT Wealth Mana9ement UK LLP
Fourteen Cornhill, London, EC3V 3NR
Bankers:
Lloyds Bank PIC
Market Square. Stafford. ST16 2JL
Ka¢harnwHouAI Hospice anntsalreport& consolldatedfinandalstat•mentsyearendMarch2025
Page 29

12. Responsibilities in Relation to the Financial Statements
The Board of Trustees is required to prepare financial statements which give a true and fair
view of the state of affairs of the Charity and Group at the end of the financial year and of
the income and expenditure of the Charity and Group for the year ending on that date. In
preparing those financial statements, the Board of Trustees is required to:
Select suitable accounting policies and apply them consistently,
Make judgements and estimates that are reasonable and prudent;
Prepare the financial statements on a going concern basis unless it is
inappropriate to presume that the company will continue in business.
The Board of Trustees is also responsible for keeping proper accounting records, which
disclose with reasonable accuracy at any time the financial position of the company and
to enable them to ensure the financial statements comply with the Companies Act 2006.
Trustees are also responsible for safeguarding the assets of the Charity and Group and
hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
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 (FRS 102) (effective 1st January 2019).
13. Statement as to Disclosure to our Auditors
The Trustees will recommend to members the re-appointment of our present auditors
Crowe U.K, LLP.
In so far as the Trustees are aware at the time of approving our Trustees, Annual Report
and Strategic Report.,
There is no relevant information, being information needed by the auditor in
connection with preparing their report, of which the Group's auditor is unaware,
and
Having made enquiries of fellow Trustees and the Group's auditor that they
ought to have individually taken, they have each taken all steps that helshe is
obliged to take as a Trustee in order to make themselves aware of any relevant
audit information and to establish that the auditor is aware of that information.
14. Approval
The Board of Trustees formally approved their Annual Report and, as Company Directors,
approved the Strategic Report contained therein on 23rd July 2025.
Peter Catchpole
Chairman, Katharine House Hospice
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Page 30

Independent Auditor's Report
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF KATHARINE HOUSE HOSPICE
Oplnlon
We have audited the financial statements of Katharine House Hospice (the "charitable
company.) and its subsidiaries (the "Group.) for the year ended 31 March 2025 which comprise
the consolidated statement of financial activities, the consolidated balance sheet, the company
balance sheet. the consolidated statement of cash flows and the notes to the financial
statements, including 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 Group's and the charitable company's affairs
as at 31 March 2025 and of the Group's incoming resources and application of
resources, 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 (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the
Auditor's responsibilities for the audit of the financial statements section of our report. We are
independent of the Group 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 responsibilities 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.
Concluslons relating to golng concern
In auditing the financial stalements. we have concluded that the Trustee's use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating
to events or conditions that, individually or collectively, may cast significant doubt on the
charitable company's ability to continue as a going concern for a period of at least twelve months
from when the financial statements are authorised for issue.
Our responsibililies and the responsibilities of the Trustees with respect to going concern are
Kathahn•Hous• Hospke annualreport& comolA*atedfinanualJtatementsyear endmarch 2025
Page31

described in the relevant sections of this report.
Other information
The Trustees are responsible for the other information contained within the annual report. The
other information comprises the information included in the annual report, other than the
financial statements and our auditor's report thereon. Our opinion on the financial statements
does not cover the other information and, except to the extent otherwise explicitly stated in our
report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materially rnisstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on tha
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.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit
the information given in the Trustees, report, which includes the directors, report and the
strategic report prepared forthe purposes of company law, forthe financial yearfor which
the financial statements are prepared is consistent with the financial statements., and
the strategic report and the directors, report included within the Trustees, report have
been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In light of the knowledge and understanding of the charitable company and their environment
obtained in the course of the audit, we have not identified material misstatements in the strategic
report or the directors, report included within the Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies
Acl 2006 requires us to report to you if, in our opinion:
the parent company has not kept adequate accounting records. or
the parent company financial statements are not in agreement with the accounting
records and returns. or
rtain disclosures of Trustees, remuneration specified by law are not made., or
V￿ have not received all the information and explanats'ons we require for our audit.
Responslbilities of Trustees
Katharfne House 110spi¢e annualrnport& c0nsolldatsdfinanrMl￿atefflWjtsye•rendmarch2o2$
Page 32

As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also
the directors of the charitable company for the purposes of company law) 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 is necessary to enable the
preparation of fi'nancial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statemenls, the Trustees are responsible for assessing the charitable
company's abilty to continue as a going concern. disclosing. as applicable. matters related to
going concern and using the going concern basis of accounting unless the Trustees either intend
to liquidate the charitable company or to cease operations, or have no realistic alternative but to
do so.
Auditors. responsibilities for the audlt of the flnancial 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 an
auditorfs report 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 (UK) 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 laken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures
are capable of detecting irregularities. including fraud is detailed below-
We obtained an understanding of the legal and regulatory frameworks within which the company
operates, focusing on those laws and regulations that have a direct effect on the determination
of material amounts and disclosures in the financial statements. The laws and regulations we
considered in this context were the Charities Act 2011 together with the Charities SORP (FRS
102) and the Companies Act. We assessed the required compliance with these laws and
regulations as part of our audit procedures on the related financial statement items.
In addition, we considered provisions of other laws and regulations that do not have a direct
effect on the financial statements but compliance with which might be fundamental to the
company's ability to operate or to avoid a material penalty. We also considered the opportunities
and incentives that may exist within the company for fraud. The key laws and regulations we
considered in this context were CQC regulations, Gambling Commission legislation, General
Data Protection Regulation, health and safety legislation and employee legislation.
Auditing standards limit the required audit procedures to identfftrf non-compliance with these laws
and regulations to enquiry of the Trustees and other management and inspection of regulatory
and legal corresponden￿. if any.
We identified the greatest risk of material impact on the financial statements from irregularities,
including fraud. to be within the recognition of grant and legacy income and the override of
controls by management. Our audit procedures to respond to these risks included enquiries of
management and the Finance and Remuneration Committee about their own identification and
assessment of the risks of irregularities, sample testing on the posting of journals, income testing
on a sample basis, reviewing accounting estimates for biases, reviewing any regulatory
correspondence and reading Minutes of meetings of those charged with governance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even though we have
properly planned and performed our audit in accordance with auditing slandards. We are not
Ka¢haryne House Hosplte aftnualreport& cons•11dat•dfin￿(la1st•t0m0ntry••rrnd￿I￿r¢h 2025
Page 33

responsible for preventing non-compliance and cannot be expected to detect non-compliance
with all lavts and regulations.
A further description of our responsibilities for the audit of the financial statements is available
on the Financial Reporting Council's website at: W¥VW.frc.or
.ukJa
onsibilities. This
description forms part of our auditorfs report.
Use of our report
This report is made solely to the charitable company's members. as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that
we might state to the charitable company's members those matters we are required to state to
them in an audilor's report and for no other purpose. To the fullest e￿ent permitted by law, we
do not accept or assume responsibility to anyone other than the charitable company and, the
charitable company's members as a body, for our audit work, for this report, or for the opinions
we have formed.
Helen Blundell LLB FCA FCIE DCHA (Senior statutory auditor)
for and on behalf of
Crowe U.K. LLP
ststutory Auditor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG
Date: 24 November 2025
K•tharineHouse Hospice annualreport& consol/datédfinancMlstatementsyearendAlarch ZQ2S
Page 34

Katharlne House Hospice
Consolidated Statement of Financial Artivities
Includlng Income and Expenditure kcount
For the Year Ended 31 March 2025
1025
Tot415
2024
Toials
Not• Unr•strlrt•d Restrlrted
Unre51rkted R¢slrlrt*d
INCOME
Donations and legacies
Other trading activities
Chafitsble octivities
2.249,130
5.124,694
1.256.501
245,232
3,996
89,175
2.338,305
2,235.875
81.843
2.317.718
5,344.447
1,685,590
177,044
23,810
{41
{51
5,124.694
1.531.815
245.231
5,344.447
1,539.932
177.044
27S.314
145,658
Investments
oiher Income
3.996
23.277
533
Total Incom•
8J79.553
364889
9,244.042
9.320575
228M34 9J48.609
EXPENOITURE
Raisingfunds
4,201,193
4,201,193
3,960.46S
3,960.465
Charitable activltl•s
4,196,881
280,526
4,477,407
4,029.SOS
223,102
4,252,607
T•tal Exp•ndliur•
8.398,074
280,526
8.678.600
7.989.970
223.102 8,213.072
Net Ilossesllgaln5 on
investment assets
1181
112,2481
112,2481
33.102
33,102
Net Income I lexpenses) before
pro¥lslons
469,231
83,963
553,194
1,363,707
4.932
1.368,639
Provlslon for deferred tix
Gross translers between funds 1251
15,9691
15,9691
95,514
195,Sl41
Net Mo¥tm•Tht In Fund•
564.745
111.5511
S53.194
1.357.738
4.932
1.362,670
ECONCILIATION OF FUPIDS
Fund balance5 brou8ht foiward
9.576,955
104,662
9,681,617
8,219,217
99,730
8,318,947
Fund 6•lan¢ei C•rrl•d Forward 12S I 10.141.700
93.111 10.234,811
9,576,955
104,662
9.681,617
The consolidated statement of financial activities includes all 8aSn5 and1055e5 reco8nised in the year. All income
and expenditure Is derived from continuing activities.
The consolidated statement of financial activities also complies with the requirements for an income and
expenditure account under the Companies Act 2006.
The Hospice's accounts comprises a net surplus for 2025 of £558,19412024'. surplus £1,362,670).
Katharfne House Hospke consolidated flnanelal$t•tementsye•rendM•tth2025
Page 35

Katharlne House Hospice
(Registered number: 02700516)
Consolidated Balance Sheet
At 31 March 2025
2025
Total
Funds
2024
Total
Funds
Unrestrlrted
Funds
Restrlrted
Funds
Unrestrlrted
Funds
Restrlded
Funds
Nole
FIXED ASSErs
Tan8ible assets
Intangible assets
1161
1171
3,113.009
73,350
3,113.009
2,884,4S7
2,884,457
73.350
Investments
626.S35
626,535
629,515
629.sls
3A12J94
3J12A94
3,513,972
J,513,972
CURRENT ASSE15
Oebtois
622,117
622.117
686,723
686.723
Stock
I,S24
1,524
1,186
1,186
Cashaibankand inhand
6,680,246
93,111
6,773.357
S.968,278
104.662
6.072.940
7.303.887
93.111
7,396,998
6,656,187
104,662
6.760J49
CREorroAS
unts l•llln$ due wlthl n one year
1872,2481
1872.2481
1493,2041
1493,2041
NEfcuRAENT ASSETS
6.431.639
93,111
6,524.750
6,162.983
104.662
6J67.64S
TOTAL ASSEfs LESS CURAfNT
LIABILMES
10.244.533
93,111
lo,337￿44
9.676.955
104.662
9.781.617
PROVISIONS
{23)
1102.8331
1102,8331
Iioo.0001
iioo,0001
TOTAL NET ASSET5
10 141.700
10,234I11
9 S76 955
104 662
9 681.617
REPRESENTEO BY:
Restr5cted funds
1251
93,111
93,111
104,662
104,662
Designated funds
666.000
666,000
596,000
596,000
Unresiricted lunds
9,475,700
9,475,700
8,980,9S5
8.980,955
10.141,700
93,111
lo,234￿11
9.576.955
lQ4.662
9.681.617
The Trustees acknowled8e their responsibilities for complying with the requirements of the Charlties Act with
respect to accounting records and preparation of financial statements.
Approved by the Board of Trustees meeting on 23 July 2025 and signed on its behalf by:_
8 W J Phlllips
Treasurer
P R Catchpole
Chairman
KathanneHouse Hospke cansolidatedfinan¢ialstatenMntsyearendAlarch2¢L?S
Page 36

Katharlne House Hospice
(Registered number: 02700516)
Company Balance Sheet
At 31 March 2025
2025
Total
Funds
2024
Total
Funds
Unrestrlcted
Funds
Restrkted
Funds
Unrestrlrted Restrlrted
Funds
Funds
Note
FIXEDASSErs
Tangible assets
Intsngible assets
In¥estsnents
1161
1171
1181
1181
3,113,009
3,113,009
73,350
626,535
102
2,884,457
2,884,457
73,350
626,535
629,515
602
629.515
Investment in Group
102
602
3J12.996
3￿12.996
3￿14￿74
3￿14.574
CURRÉNT ASSETS
Debtors
1191
866.586
866,S86
1,012,545
5,562.348
1,012,545
5.667,010
Cashatbankand In hand
6,347,248
93,111
6,440,3S9
104,662
72IYA34
93,111
7,306,945
6,574J93
104.662
6.679.555
CREDfTORS
Amounts lallin8 due wlthin one year
1211
1777,2971
1777,2971
1412,5121
1412,5121
NET CURRENT ASSETS
6A36.537
93.111
6.529.648
6,162.381
104,662
6,267,043
TOTAL ASSETS LESS CURRENT
IIABILrnES
10249,533
93.111
IOJ42.644
9.676.955
104,662
9.781,617
PROV1510NS
1231
1102,8331
1102,8331
lioo,0001
iioo,0001
TOTAL NET ASSETS
10.146.700
93.111
10239.811
9.576.955
104.662
9,681,617
REPRESENTED BY:
Restricted funds
1251
125}
125
93.111
93,111
104.662
104,662
596,000
Desi8nated funds
Unrestricied funds
666.000
666.000
596.000
9,480,700
9,480,700
8,980.955
8,980,955
10.146.700
93,111
10239AII
9,576,955
104,662
9.681.617
The Trustees acknowledge thelr responsibilities for complyln8 Wlth the requirements of the Charities Act with
respect to accountin8 records and preparation of financial statements.
Approved by the Board of Trustee5 meeting on 23 July 2025 and Signed on its behalf bv'.-
B W J Phillips
Treasurer
P R Catchpole
Chalrman
K•th•nne House Hosplco consolld•tedfinanu*statementsyearend*llarch2025
Page 37

Katharine House Hospice
Consolidated Statement of Cash Flow
For the Year Ended 31 March 2025
2025
2024
RECONCILIATION OF OPERATING PROFITTO OPEIIATING CASH FLOWS
Net movement In funds
553,194
1,362,670
Net movement In provlslon5
2,833
105,969
Depreclatlon
169,886
147,338
AmDrllsation
Los5 I I￿1 n) on 1nve5tff￿nt assets
12,248
133,1021
Dlssolvement of Embrace Quality Cafe Umited
3,845
15,0001
Income from fixed asset investment
Note I
1206,6271
1161,SS41
Interest re¢eived
Note I
138,60SI
115,4901
Gain on disposal of fixed assets
15001
Decrease in debtors
64,606
686,000
Ilncreaselldecrease In stock
13381
2,010
Increaselldecreasel In credltors
379,044
1244,6301
Net osh Inflow from operatlni •ctl¥btlfj$
940,086
lJ43.711
CASH FLOW STATEMENT
Net cash provided by operating activltles
940.086
1.843,711
Returns on inve5tmÈnts and servicing of finance
Note I
245,232
177,044
1,18S,318
2.020,755
Purchase of tlxed a55ets
Note I
1485,4931
11,127,880)
In(re•se In t•sh
699,825
892075
Katharine Howe Mo4Iité consolldat•dfinancl•lstatenMntsyearendMarrh 2025
Page 38

Katharlne House Hospice
Notes to the Consolidated Statement of Cash Flow
For the Year Ended 31 March 2025
NOTE i TO THE CASH FLOW STAIEMENT
2025
2024
Returns Gn Investments and servldni of finart
Income from investment portfolios
Income from liquidity fund
Total Income Irom Ilxed asset In¥eslmenQ$
Note 6
17,608
32,152
Note 6
189.019
129,402
206,627
38.605
161,554
15.490
Other interest received
Note 6
245,232
177,044
Sale and purthase of fixed assets
Purchase of tan8ible flxed 4ssets
Purchase of intsneible lixed assets
Note 16
1398,4381
173.3501
11,108,725)
Note 17
Sale proceeds of tsn8ible fixed assets
Purchase of flxed asset investments
soo
Noi• 18
117,6051
3,900
120,4551
BOO
Proceed5 of $31e of fixed asset investments
Note 18
1485,4931
11,127.8801
NOTE11 TO THE CASH FLOW 5TATEMENT- Refondll*lon of Net Cash Flow to Mov•m•nl In Not Funds
Net cash Inflow
699.825
892,875
Change In nel funds in the year
699.825
892,875
Netfunds atl April
6,073,679
5,180.804
Net fundsat 31 Marth
6.773.504
6,073.679
NOTE111 TO THE CASH FLOW STATEMENT- Analys15 9fthange51Th net funds
Asat
I Apfll 2024
6.072.940
739
Cath
Flows
700.417
592
Asat
31 Marth 2025
6,773.357
147
Cash Inhand andatbank
Cash in fixed asset investments
TOTAL
6,073,679
699A25
6.773504
atharfne House H¢)spi¢e ¢onsolldat8dfinanclalstat•nwntsye•rendMarch 2025
Page 39

Katharine House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
I. ACCOUNTING POUCIES
a) Basls of Accountlng
The accounts Ifinandal statements) have been prepared under the historical cost convention wlth items recognised
at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements
have been prepared in accordance with the second edition of the Charitie5 Statement of Recommended Practice
issued in Ortober 2019, the Financial Reportin8 Standard applicable in the United Kingdom and Republic of Ireland
IFRS 1021, the Companies Act 2006 and the Charities Act 2011.
Katharine House Hospiee meets the definition of a public benefit entity under FRS 102. The financlal statements
have been prepared by the Trustees to give a 'true and fair, view and on a going concern basis under the historical
cost convention as modlfied by the revaluation of investments. The financial statements are prepared in sterlin8
which is the functional currency of the Charity and rounded to the nearest pound. The significant accountin8 policies
pplled In the preparatlon of these financial statements are set out below. These policies have been consistently
pplied to all years presented unless otherwise stated.
b) Going Concern
The Charity reported a consolldated cash inflow of £699,825 for the year12024'. £892,875) and has cash reserve5 of
£6,773.35712024.. £6.072,9401.
In March the Board approved a deficit budget for the period 2025126 to 2027128, these budgets have taken accovnt
that investments in services wlll be taken from the surpluse5 made in the last 3 years. Trustees consider that the
leve15 Ot reserves are sufficient to ensure that the Hospice is a going concern in the middle term.
c) Branch Accountlng
There exist a small number of support groups withln the communlty, raising awareness about and funds to support
the work of Katharine House Hospice. Under the SORP, Trustees consider these to be branches of Katharine House
Hospice but consider the expense involved in accounting for these groups on a full accruals basis and auditin8 these
accounts to be unwarranted in relation to the size of the funds 8enerated.
dl Income
Income is reco8nlsed when the Charity has entitlement to the funds, any performance conditions attached to the
itemlsl of income have been met, it is probable that the income will be received. and the amount can be measured
reliably. The Charity receives income from different sources..
1> Fundialsln8 In¢ome
Fundraisin8 Income is Income received as a result of tlme taken by fundraisers in or8anisin8 fundraisin8 events,
soliciting donations and arranging for donations to be made to the Charity. Unsolicited gifts are cl355ed as voluntary
donatlons and are Included in thls sectlon. Further detai15 to this income are shown in note 3.
111 Legacy Income
Legacies are treated as voluntary donations. Entitlement to legacy income is taken as the earlier of receipt or
notification that a distribution will be made by the executor. Receipt of a le8acy, in whole or in part, is onlv
considered probable when the amount can be measured reliably and the Charity has been notified of the executor's
intentlon to make a distrlbution.
Kathanne House Hospk• consolida¢edfinancialst•tementsyearendM•rch 2025
Page 40

Katharlne House Hospice
Notes to the Flnancial Statements
For the Year Ended 31 March 2025
(Continued)
I. ACCOUNTING POLICIES (Cont.)
dl Incorne (cont.)
iii) Other Trading Income
A breakdown of income is shown in note 4.
KH Promotions is a subsidiary company operating a society lottery. the operation of this lottery was transferred over
to Local Hospice Lottery Ltd at the end ofjune 2022 and is now dormant.
Historically KHH Development provided a management consultancy senilces to other charities but became dormant
during the financial year 2022123 and was struck off during the financial year 2024125.
Katharine House Retail sold donated goods through E-bay sales and the prison outlets ènd any new goods sold
through the shops. The company also acted as an agent for the selling of donated goods that are gift aided to the
Hospice. In addition, the company operated a house clearance service. Donated goods refer to items donated to
the Hospice for resale through the charity shops. The income from these items is recogni5ed at the point of sale. Any
stocks of donated goods held at the financial year end are not attributed a value as it Is not practical or otherwise
economical to do this.
Iv> Charltable Actlvltles
Income from 8overnment and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the
Charity has entitlement to the funds, any performance conditions attached to the 8rants have been met, It Is
probable that the Income will be received, and the amount can be measured reliably and is not deferred. Further
details regardin8 Statutory sector 8rant income received by the Charity are set out in note 5.
vl l)onated Goods
Donated goods refer to items donated to the Hospice for resale throu8h the charity shops. The income from these
Items is reco8nised at the point of sale. Any stocks of donated goods held at the financial year end is not attributed
a value as it is not practical or otherwise economlcal to da thls.
vi) Investment Income
Investment Income Includes dividends and interest on funds held on deposlt. Thls Income 15 Included when
receivable and the amount can be measured reliably by the Charity. Further details regarding investment income
received by the Charity are set out in note 18.
vll) Fees and Other Income
The breakdown of this is shown In note 7. This includes miscellaneous which is other Income charges for use of
facilities and services. This income is included when receivable and the amount can be measured reliably by the
Charity.
e) Donatlon of Assets
Gifts of tan8ible assets are included in these accounts at an estimated valuation which approximates to cost.
Donations are included in the income and expenditure account as such. and in the balance sheet under the
approprlate headings.
Expenditure and Irrecoverable VAT
Expenditure is recognlsed once there Is a legal or constructive obli8ation to make a payment to a third party, It Is
probable that settlement will be required and the amount of the obli8ation can be measured reliably. Expenditure
is classified under the followin8 activity headings:
K•thanne Ilouse H<yi¢e ¢OnmI￿at¢d finan¢ialstatenwntsyearendMarch 2025
Page41

Katharlne Hou$e Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Contlnuedj
I. ACCOUNTING POLICIES {Cont.)
Expenditure and Irrecoverable VAT (Cont.)
11 Costs of ralslng funds
These include the expenditure on operating the retoil charity shops, fundraislng to generate donatlons and to record
and thank donors and the costs associated with managing the investment portfolio lincludin8 brokerage costs). The
onsolidated accounts detall the cost of carryin8 Out subsidiary operations and additional retail activity. the surplus
from these activities is donated to the Charity.
li) Expenditure on ¢harltable artlvltles
Expenditure on charitable activities includes the expenditure incurred to operate the H05pice servlce5. Includln8 the
overheads of the Charity and the cost of governance.
111) Irrecoverable VAT
Irrecoverable VAT is wrltten off in the year it is recognised as such and recorded as a cost to that actlvlty.
81 Basls for the Allotatlon of Costs
il Dlrect costs
Where possible costs are char8ed directly to one of the primary services of the charity.
11) Support costs
Overhead costs are those that support the primary Services of the Lharity but also Other function 5. These are
allocated on the basis of fair usage of the relevant overhead or otherwise apportioned on the basis of cost.
Overheads are allocated directly to primary services, governance, fundraising and trading activities rather than
allocating or apportionin8 Costs to other support and overhead funrtions.
h) Tanglble Flxed Assets and Depreclatlon
Tangible flxed assets are stated at COSt less depreciation. Capltal Items in exce55 of £5,000 are capitalised.
Depreciatlon is provided at rates calculated to write off the cost of fixed assets les5 thelr estimated resldual value,
over their expected useful lives on the following bases'.-
Land
Freehold buildings
Refurbishments to leasehold buildin85
Leasehold buildin85
Equipment. furniture and vehicles
General IT equipment
strai8ht line basis
Straight line basis
straight line basls
straight line basis
strai8ht line basls
7%
10-33%
20%
20-50%
il Intangible Fixed Assets and Arnortlsatlon
Intangible fixed assets are stated at cost less amortisation. Capital items in excess of £5,000 are capitalised.
Amortisation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value,
over their expected useful lives on the following bases:.
Software
20%
straight line basis
Katharine H4xwe Hosw'¢• consalld•tedfinancialstat•nwntsyear endMar(h 2025
Page 42

Katharine House Hosplce
Notes to the Flnanclal Statements
For the Year Ended 31 March 2025
(Continued)
I. ACCOUNTING POUCIES (Cont.)
j) Investments
Fixed asset investment in quoted shares. traded bonds and similar investments are valued initially at cost and
subsequently at falr value Itheir market valuel at year end, with this movement being shown in the Statement of
Financial Activities. The same treatment is applied to unlisted investments including investments with subsidiaries,
unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
k) Stock
Stock is the value of Christmas card stocks held for sale stated at the lower of cost and net realisable value.
l) Debtors
Trade and other debtors are reco8nised at the settlement amount due after trade discounts have been applied.
Subsequently they are measured at the cash or other conslderation expected to be received. Prepayments are
valued at the proportionate amount pre-paid relating to future accounting periods at the balance sheet date.
m) Cash
Cash at bank and cash in hand Includes all operatlng cash held and immediately available for the Charity's use. In
addition to this there is cash sitting within the investment portfolio and the investment liquidity fund.
n) Credltors
Creditors are recognised where the Charity has a present obligation arising from a past event that will probably
result in a transfer of funds to a third party and the amount to be transferred can be reliably determlned.
o) Payments on Account
Payments on account is income received but at the balance sheet date the Charity has no legal entitlement to the
funds. in particular donor's money held by the retall company, which donors are yet to conflrm may be donated to
the Charity and lottery players who have paid in advance of future draws.
p) Deferred Income
Income recelved prior to an event which would be returnable if the event does not occur Is deferred until the event
ha5 occurred.
q) Penslons
The Charity operates a number of employee pension schemes. Further details regarding the schemes operated are
set out In note IS of these accounts. Contributions payable for the year are char8ed in the income and expenditure
account.
r) Fund Accounil
General Funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of
the 8eneral objects of the Charity. Designated funds are unrestrirted funds of the Charity which the Trustees have
decided at their discretion to set aside to use for a specific purpose. Restrirted funds are donations which the donor
has specified are to be used solely for particular areas of the Charity's work. Note 25 provides further explanation
behind the restricted and desi8nated funds.
s) Dllapidatlon Provlslon
A provision has been made for dilapidations obligations as set out in the operatin8 lease 38reements. The
dilapidation provision 15 calculated on a straight-line basis over the course of the lease.
Katharlne Howe HospKe ConS￿ld*tearin4n¢lal$tsrenWntsYe￿fQnéHarch2O2s
Page 43

Katharlne House Hospice
Notes to the Flnanclal Statements
For the Year Ended 31 March 2025
{ContinuedJ
I. ACCOUNTING POLICIES (Cont.)
t) Operalln8 Leases
Rental applicable to operatin8 leases where the ownership remains with the lessor and the expenditure is charged
to the income and expenditure account on a straight-line basi5 over the period of the lease,
u) Method of Consolldatlon
The financial statements consolidate the accounts of Katharine House Hospice and all its subsidiary undertakin85
using the acqulsition method.
v) Oeferred Taxatlon
Deferred tax15 provided in full on timlng differences whlch represents a liability ot the balance sheet date. at rates
experted to apply when they crystallise based on current tax rates and law. fimin8 differences arise from the
inclusion of items of Income or expenditure in tax computations in periods different from those In whlch they are
included in the financial statements. Deferred tax is now provided on timin8 differences arisin8 from accelerated
capital allowances as in accordance with SORP IFRS 1021. Deferred tax assets and liabilities are not discounted.
w) Volunteers
The Charity benefits 8reotly from the Involvement and enthuslastic support of Its many volunteers, details of which
are given in the annual report. In accordance with FRS 102 and the Charitles SORP IFRS 1021, the economlc
contribution of general volunteers is not reco8nised in the accounts.
LEGAL STATUS OF THE CHARITY
The Charity is registered with the Charity Commission In England and Wales Ireglstered number 10117121 and Is
incorporated in En8land and Wales as a Company Limited by Guarantee and does not hève share capital. Each member of
the company has undertaken to contribute to the assets of the company in the event of it bein8 wound up while s/he is
member, or within one year after slhe ceases to be a member, for payment of the debts and liabilities of the company
contracted before s/he ceases to be a member such amount as may be required not exceeding £1. Each member pays a
subscrSption fee annually. Income from membershlp is the annual subscriptlon.
DONATIONS AND LEGACIES INCOME
2025
Total
2024
Toi•l
Hospke & Group
Unrestrlrted Re5trlrted
UnrestrStted Restrlded
1Thom• Sources
Donètions from soclety lottery
Other donations
Trusts and grant 8ivin8 bodles
Gift aid on donations
legacie5
Other sources
337.044
607,668
61.591
82,474
1,158.6S7
1,696
2249.130
337,044
626,251
112,873
82,474
1,177,967
1,696
Z.338.305
296.365
663,658
40,266
71,415
1.162,933
1,238
2.235,875
296,365
673,297
112,276
71.415
1.163.127
1,238
18,583
51.282
9,639
72,010
19.310
194
89.175
81.843
2.317.718
The Hospice recognises the residual benefit of two estates as at 31.03.25, which the value outstandin8 has been
approximately valued at £398k. One of these estates consisted of two trusts which had a life interest, one of which was
reali5ed in 2021, the date of realisation of the other fund is not known. In addition to these two estates there is
approximately £577k legacies whlch have been notified to the charity before 31.03.25, but have not been recognised as
income in the year as they do not meet the H05pice's income recognition criteria.
Katharine House Ho4vo ¢¢ns0lhlatedf￿?n¢•aIstat•nwntsy¢4rendm3T<h2Q2S
Page 44

Katharlne House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
{ContlnuedJ
INCOME FROM OTHER TRADING ACTIVITIES
2025
2024
Unrestrlcted
R•strlrted
Total
Unrestrlcted R•strlrt•d
Total
Hospice
KH Promotion5 Ltd
KH Retai l Ltd
30.688
4,419.327
340.388
96.639
4￿87,042
30,688
4,419.327
340,388
96,639
4,887,042
51,791
4.625,113
325,297
88,197
5,090,398
51.791
4,625,113
325.297
88.197
5,090,398
Sale of Donated Good5
GIftAid on Saleof Goods
Fundraising Events
Group
KH Promotions Ltd
KH Retsil Ltd
Sale of Donated Good5
268.340
4,419.327
340.388
96,639
5,124,694
268,340
4,419.327
340,388
96,639
5,124.694
305,840
4,625,113
325.297
88,197
5,344,447
305,840
4,62S,113
325.297
88,197
5,344,447
GiftAid on Saleof Goods
Fundraisin8 Events
INCOME FROM CHARITABLE ACTIVITIES
Income from charitable activities incorporates receipts of income from statutory a8encies, whether as grants or contracts
and fees recelved for the provision of the Charity's services. Trustees are pleased to report that the Integrated Care Board
have contlnued commitments to fund the Hospice's work.
2025
Total
2024
Total
Unf•strlcted Restrlrted
Unr•iirlrt•d
R•strSa*d
Hospl
Integrated Care Board
Grants
Pension Rebate
National Health Servlce Engla nd
Capital Grant
NHS England
Prison Services Contract
Specific contract Income
Staffoid Borough Council
Other Fee Income
Incom• from Ch¥lt•ble ActhAtle$
la l 1,245.063
1,245,063
27,046
1,224.257
1,224.257
26.591
27,046
26,591
Icl
98,012
98.012
29,457
120,799
29,457
120,799
3.500
7.938
1,531,815
16,073
86,873
16,073
86.873
3,500
17,620
3,500
7,938
1 256 501
3.500
16,121
275 J14
1,229 256
Group
HospSce- as above
Embrace Qualitycare
Group Income from Charltable Artl¥ltlts 1.256.501
1,256,501
275.314
1,531.815
1,229,256
145,658
1,374,914
310,676
310.676
275.314
I,531￿15
1,539,932
145,658
1,685,590
Katharne H<ws• H¢yl¢e ¢onsolidotedrfnanClalstaténMntsyur•￿Mar¢h2O2s
Page 45

Katharine House Hospice
Notes to the Financlal Statements
For the Year Ended 31 March 2025
{ContlnuedJ
INCOME FROM CHARITABLE ACtIVlTIES Icont.)
lal A one year recurrin8 conditional grant the value of which is derived annually.
Ibl The Hospice is in receipt of an annual rebate from the Department of Health, paid through the Integrated Care
Board IICBI. to cover the increased costs to the employer of the NHS pension scheme.
Icl The Hospice was in receipt of £98,012 as part of the Hospice UK'S distribution grant from NHS England to be spent
on capital works. This is the first of two tranches. The second tranche Is for 2025126 and £75m will be distributed to
hospices.
Idl A contract with NHS England for the prov15ion of in-reach service5 to HMP Stafford and HMP YOI Drake Hall for
prisoners at end of life.
lel Staffordshire and Stoke-on-Trent payments for named patients who received sen4ices delivered by the Hospice
beyond the intentSons of the primary grant.
In A one year recurrin8 se￿iCe level agreement.
Igl The main object of the Charity is to provide home care. day care and inpatient care to people in mid-Stafford5hire in
need of specialist palliative care. The Charity makes no charge for the provlslon of these servlce5. A sub51diary
object is to provide trainin8, education and other resources for those involved in the provision of specialist palliative
core servlces. To this end medical and nursing students from universities have paid placements at the Hospice.
In addition the Hospice ha5 received non-recurrin8 Rrants from local councils for specific objectives, as described below.
2025
2024
Brocton Parish Councl I for I PU service
Brocton Pari sh Councl I for Lymphoedema equlpment
Cannock Wood Parish Counci I for Hospice At Home servi ce
Ecclesha I I Parish Council for IPU service
Ecclesha I I Parlsh Council for Lymphoedema equipment
Gnosall Parish Councll for IPU service
Ingestre with Tlxall Parish Counci I far I PU service
Rugeley Town Counci I for Therapy & Wellbei ng Centre
70
loo
loo
456
250
soo
300
44
500
INVESTMENT INCOME
All Investment income is unrestricted and comprises:
Company
2025
Group
2024
2025
2024
Bank interest
Interest from i nvestments
vidends from portfolio
Dividends from liquidity fund
Mi sc income from l iquidity fund
38.605
703
17.608
188.316
15,490
18,080
20,465
111,322
11,687
177A144
38,605
703
17,608
188,316
15,490
18,080
20,465
111,322
11,687
177,044
245232
245,232
Katharine Hou¥¢ Hosw¢e ¢onsolld•t•dfin•nchlstatem•ntsyearendMarch 2025
Page 46

Katharlne House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continuedj
OTHER INCOME
2025
Total
2024
Total
Unrestrlrted
Restrlrted
Unregtrlded
Re51rlcted
Hospice
Mlscel laneous
3.996
3,996
23,277
23277
533
23,810
3.996
3J96
533
23.810
Group
Miscel laneous
3.996
3,996
3,996
3,996
23,277
23277
S33
533
23,810
Katharine House Hospke ¢onsOlidat￿rl￿an£1als1a¢•Il•fitsy•aré￿dmarCh2O2s
Page 47

Katharlne House H05pIc•
Notes to the Finan¢lil St•tem•nts
Forthe Year Ended 31 March 2025
fcontlnuedj
& expENSE ANALYSIS
l¢cat*d
IAtknn ￿PPort Co#1
2025
Tot•1
Olh•rCoiii
f•rt
2•24
Tgt
Ilol•
st
Dlr•rt
St•ff
l•tlon Suppwi C•rti
QMQF PA15111G FUFIDS
J9.575
1.796
al,J55
69,414
IB7,264
347,151
1$6,IY9
39,174
1,IS1￿19
1,796
63.IlS
66.120
25).163
294.669
).41),630
Oiher W•d1￿•¢￿vIlle￿
InVe5tmeThi￿n￿Yrn￿1tts
Z7
1*61 $41
J Jiiiy•s
fjr•up
39.$75
1.796
11.355
69.414
260,793
186.879
I￿54,?71
39.J74
1,309,724
4.086
57 11S1 $14
1.796
66.810
194.669
3.661.710
Othertrèdb￿•cwVI%1t5
InV•stm•itm•D•i•m￿t11
2.101.963
>,149.533
J•
Jji
11 ISI ￿0? 4 201 1•1
41
COMOF CIIAftWAMIAcnvnx3
877,132
,?63
4IS.673 4.301.839
175 $68
46192• 2719905
77
2.625.611
637.666
69.268
3h04,879
fjo¥wn•nc•
73 619
19
65$1J4t ￿6• 401
PatsMtc•re
Go¥ern4nce
70,783
41S,67J
4,301.8)9
175 561
77
3.¢￿2.559
84.284
676.SS1
69.268
4.100.703
3•
43
693911
ANALY5150FWEN5ES B￿E(N FUF4DS
14> All txpenjy Incurred ￿ThrIllI￿[Unds •nd•ovoTn4ncp•ril¥kmframunTttiil¢tsd Ordttlin4t•d lundi
ltsl P¥tyint¢ir•oKponiN 4r•4n4lys•d uhT•stil¢tsdld*si￿It￿ lundi 4ndr*&trl£l￿fu￿dl li lolloYA.'
qftyjp
1015
2014
11125
1024
LhlroJtrlctodlddiAhit
Rutri¢ted
4,U98,869
4.098.869
370 530
77
4.019.505
4 477 407
4 252607
ge48

Katharine House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continued)
ALLOCATED SUPPORT COST EXPENSE ANALYSIS
Staff
Costs
Other Depre¢-
Costs
l•tlon
2025
Tot•1
Staff
Coslj
Other
Costs
Depre¢-
lation
2024
Tot•1
Support functions
578,087
231,547
15,972
825fi06
449,731
260,378
12,440
712549
578.087 231.547
15.972
825,606
449,731
260.378
IIA40
722.549
Alloc4tloTrs io..
Patient Care
415.673
352,322
Governance
53,255
50,244
Fundralsing
Sale of donated goods
69,414
66,820
287.264
253.163
825,606
722,549
10, NET INCOME
Net Income Is stated after char8in8 the followin8 Items to the Income and Expenditure Account.
Hospice
Group
2025
2024
Z025
2014
Auditor's remuneratlon
Depreciation of tangible fixed assets
Amortisatlon of intsn8lble fixed assets
Profit on dl sposal of flxed assets
Operati n8 lease rentals
Payments to Trustees
Tru5tee5 expenses
Trustee indemnity Insurance
18,105
169,886
16,600
147,338
18,7SS
169,886
17,860
147,338
15001
327,208
315.563
327.208
315,563
2,531
1.987
2,531
1,987
11. TRADING 5U8SIDIARIES
Katharine House has 4 subsidiary tradin8 companles
KH Promotions Llmited 03295776 ran a society lottery on behalf of the Charity. ThSs lottery operatlon was
transferred in June 2022 to a third party - Local Hospice Lottery. The Local Hospice Lottery splits out the
funds to various charities In the form of donations of which are received within the Hospice's accounts.
Katharlne House Retall Llmited 03949314 carries out tradin8 activity. including eBay, house clearances.
collection and delivery seryices.
Embrace Quality Care Limited 08050417 is a care agency meetin8 the core objectives of the Charity, but
charglng for its services. This became dormant at the beginnlng of 2024125 and was dissolved on 15 April
2025.
KHH Development Limited 08120430 provided administrative and financlal support to other charities. This
became dormant at the beginnin8 of 2021122 and was dissolved on 5 November 2024.
A summary of the results of the subsidiary companies of the Charity are set out in this note. Accounts have been
approved by the directors of these companies and will be filed with the Registrar of Companies.
K&thanne Hous• Ilosplce ¢ons•Iida¢￿fin8ftc1alsralernentsyearena1Iar¢h 2025
Pa9e 49

Katharine House Hosplce
Notes to the Flnancial Statements
For the Year Ended 31 March 2025
Icontinued)
11. TRADING SU8SIDIARIES (Cont.)
KH PromotionsLtd
2025
2024
KH Retall Ltd
2025
2024
Turnover
Di rect operatln8 costs
Net recharges to Kathari ne House Hospice
268.340
1256.123
18.471
305,840
1267,8701
19.790
Gross Profit
30.688
57,760
I ntere5t receivable
Taxation
15.9691
Net proflt before Glft lid
Di 5tribution under Gift Al d to Katharlne House
30,688
51,791
130.6881
151,7911
Retained in s ubsidla ry underts king
Retained earnin8s brought forward
Retalned earnlngs carrled forward
The aggregate of the assets, lia bil ities and funds at 31 March was..
Fl xed assets
Current assets
63,231
163.131)
65,331
165,2311
285,549
1285,5471
318,009
1318,0071
Currentllabllltles
Tot•1 assets
loo
loo
Share capital
loo
loo
Funds
loo
loo
Embra¢e Quality Care Ltd
2025
2024
KHH Development Ltd
2025
2024
Turnover
Direct operati ng costs
310,676
1415,8241
Retained in subsidiary undertaking
Reta ined ea rnl n85 brought forward
1105,1481
1317,9691
Retalned •arnlnis carrled forward
423 117
Thea88re8ateof theassets. liabilities and funds at31 March was:
Current assets
10,190
1428,3071
(418.1171
500
Current1Sabilltles
Total assets
500
Share capital
Retained earni ngs
Fund5
5,000
1423,1171
(418,1171
500
500
Ka¢h•nneHouse H•spke c&wNilidatedfinancialJtatem¢ntsyeorendAlarch 2025
Page 50

Katharlne House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continuedj
12. EMPLOYEE NUMBERS AND COSTS
The number of staff and whole time equivalents employed by the Charity. analysed by function was..
Companv
2025
Z024
Average
Employees
88
Whole ti me
Equlvalent
61.50
Average
Employees
75
36
Whole lime
Equlvalent
55.63
Care services
Support and overheads
Income 8enerat5on
46
26.01
24.44
112
72.18
114
73.28
246
159.69
225
153.35
Group
2025
2024
Average
Employees
88
46
Whole time
Equivalent
6150
A¥era8e
Employees
94
Whole ti me
Equtvalent
71.01
Care services
Support and overheads
Income 8eneratlon
26.01
36
24.44
117
77.18
119
78.28
2S1
164.69
249
173.73
The costs of employment were;
Companv
Group
2025
2024
2025
2024
Salary
National Insurance
5.379,928
461,727
302,287
6,143,942
4,665.764
374,818
251,548
5,292,130
5,480,041
469.161
305,692
6.154￿94
5.109,459
404,423
264,351
5,778,2J3
Pension
8ou8ht.ln stsff
221,113
6J65,055
201,165
221,113
201,165
5,493.295
6,476.007
5,979,398
13. REDUNDANCY COSTS
The Group made statutory redundancy payments amountlng to £10,438 {2024.' £9,607) with respect to 3 cases
12024.. 4 case51.
14. EMOLUMENTS
The number of staff whose emoluments during the year exceeded £60,000 was..
Companv
2025
Group
2024
2025
2024
£60.001- £70.000
£70.001- £80,000
£80.001- £90,000
E90,001- EIOO,000
The 8ross cost of the Executive Team responsible for running the group of companies lincluding all emoluments,
employer's national insurance contributions. and employer's pension contributions) was £450,228 12024:
£379,940). There were 5 employees and I non-employee on the team12024.. 4 employees and I nor)-employeel.
Katharfne House Hospl¢e consolldat•dfinancialstatementsyearendMar<h2025
Page $1

Katharlne House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
{ContinuedJ
15. PENSIONS
The Hospice makes provision for employees, pensions in accordance with the Memorandum of Association and its
legal obligations. The Hospice does not operate its own pension scheme. but contributes to schemes as follows..
a) NHS Deflned Beneflt Scheme
Employees who are members of the NHS pension scheme. if eligible, moy contlnue to contrlbute to this scheme,
Employer contributions are 14.38%. Employee contributions range from 5% to 13.5% dependent upon the level of
their notional full-time pensionable pay. This scheme is an unfunded defined benefit scheme that covers NHS
employees. General Practitioners and other bodies allowed under the direction of the Secretory of State in England
and Wales. The scheme is mana8ed in a manner that does not make it practical for the Hospice to ascertain its
share of the assets and liabilities under the scheme and the scheme is therefore treated in the accounts a5 if it
were a defined contribution scheme, with the cost bein8 taken as the contributions payable durin8 the accounting
period.
bl Standard Llfe Grouplstakeholder Penslon Scheffle
The Charity. in response to the Stakeholder Pension kheme5 Re8ulations 2LThJO. opened a scheme in the year 2000
for eli8ible employees to join the Standard Llfe Group Pension Scheme. The Charity matches employee
contributions up to 7%. From l April 2015 Standard Life closed this scheme and it is not available ta new
employees. Thi5 scheme is a defineé contribution scheme.
cl Natlonal Employment Savln8s Trust INESTI
Eligible employees who are not in either of the two schemes above ère automatically enrolled into the NEST
scheme. The automatic enrolment is done at the statutory minimum lat present 5% for employers) but employees
can increase their contributions and the Charity will match these up to 7% of eligible earnings. This is a defined
contribution scheme.
Numbers of staff and contributions to the different schemes are..
2025
2024
Avera8e
Number
Employer
Contrlbutlon
Averase
Numbef
Employer
Contrlbution
Companv
NHS
Standard tife
NEST
22
12
114,113
40,169
148.005
302287
21
12
165
97.771
36.280
117.497
251,548
155
189
198
Grotsp
NHS
Stsndard knfe
NEST
22
12
160
114,113
40,169
151,410
305.692
21
12
186
97.771
36.280
130.300
264,351
194
219
Katharfn• Hous• 11osw.re ¢ansohda¢edfinanoals¢at•nwntsyearendMarch 2Q25
Page 52

Katharine House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continued)
16. TANGIBLE FIXED ASSETS
Equipment.
Furniture
and Fixtures
Land and
Bulldings
Motor
Vehide$
IT Equlpment
Tot•1
COMPANY
C¢)st
At l Apri12024
Additions
3,667.450
401,751
120,768
113.085
4,303,054
334,533
18,447
45,458
398,438
Disposals
At31 March 2025
4.001.983
420,198
166,226
113A185
4,701A92
Depredatlon
At l Apri12024
938,706
340,946
87,042
51,903
1.418,597
Charge for the year
110,344
25,017
14,107
20,418
169,886
Oi5posals
At 31 March 2025
1,049x150
365,963
101,149
72321
1,588A83
N*t Book Value
At 31 March 2025
2,952,933
54,235
65,077
40,764
3,113,009
At l April 2024
2,728,744
60,805
33,726
61,182
2,884,457
GROUP
Cost
At l Apri12024
3,690.652
401,751
120,768
204.085
4,417,256
Additions
334.533
18.447
45.458
398,438
Dlsposals
At31 March 2025
4,025.185
420,198
166,226
204,085
4,815,694
Depredation
At l April 2024
961,908
340,946
87.042
142.903
1.532,799
Charge for the yea r
110,344
25,017
14.107
20.418
169,886
Dlsposals
At31 March 2025
1x172252
365,963
101,149
163321
1.702fi85
Net Bookvalue
At 31 March 2025
2,952.933
54.235
65,077
40.764
3.113,009
At l April 2024
2,728,744
60,805
33,726
61.182
2.884,457
Katharine House Ilospi¢e cansolidaledfinan¢lalstat•mentsyearendMar¢h 2025
Page 53

Katharine House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continuedj
17. INTANGIBLE FIXED ASSETS
Software
Total
COMPANY
Cost
At l April 2024
Additions
73,350
73,350
Disposals
At 31 March 2025
73,350
73350
Amortlsatlon
At l April 2024
Char8e for the year
Disposals
At 31 March 2025
Net Bookvalue
At 31 March 2025
73,350
73,350
At l Aprll 2024
GROUP
Cost
At l April 2024
Additions
73,350
73.350
Disposals
At 31 March 2025
73.350
73350
Amortlsatlon
At l April 2024
Charge for the year
Disposals
At 31 March 2025
Net 8ook Value
At31 March 2025
73,350
73.350
At IApril 2024
Kathanne House Iloswce ¢•nsolidaterffin•ndalstatementsyearendMarch2025
Page 54

Katharlne House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
fcontinued)
18. FIXED ASSET INVESTMENTS- Company and Group
2025
2024
At 31 March lnvestff￿nts were held as:
Volare bala nced brldge fund
626,388
628,776
Total Invested funds
626388
628.776
Cash held for i nvestment
147
739
Total lunds In Investment portfollo
626,535
619,515
2025
2024
LSsted InvestffleThts
Marketvalueat31 March
628.776
571.019
Less Dlsposal s at openin8 book value (proceeds
£3.9001
d acquisitions at cost
13.7051
18111
17.605
20.455
Net Ilossl/gain on revaluation at 31 March
116.2881
38,113
Mark•t v•lu• •t 31 M•r¢h of Il$t•d in¥•strnents
626,381
628,776
Hlslorlcal cost at 31 Marth
619,386
604,486
All investments are held in unrestricted fund5. The net gains and losses on revaluatlon are based on the
market value ofinvestment provided by LGT Wealth Management UK LLP who manage the fund on behalf of
the Trustees.
FIXED ASSET INVESTMENTS - Company
The Company's Investments at the balan¢e sheet date In the share Capital of unlisted companles which are
registered in the UK comprising..
%of
Companv
shJTeholdl
rezlltrntlon h•ld by KH
no.
Hosplce
2025
2024
KH Pfomotions Limited
Katharine House Retail Limited
Embrace Quality Care Limited
KHH Development Limited
03295776 100%
03949314 100%
08050417 100%
08120430 100%
loo
100
500
602
102
All investments are valued at cost except Embrace Quality Care Llmited and KHH Development Limited
which are valued at fair volue a5 at year end. These entities dissolved in November 2024 and April 2025
respectively. Results for the year are shown in note 11 and are included in the consolidated accounts.
Katharine llouse HospKe consolldatedfinanc•alstatenwntsyearendAlarch 2025
Page SS

Katharlne House Hosplce
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continued)
18. FIXED ASSET INVESTMENTS (Cont.)
The write off relating to Embrace Qual lty Care Limlted is as fol lows. Embrace Quality Care Limited has now
been dissolved.
2025
2024
Embrace Quality Care Limited written bacV(write offl
3,845
(s,0001
19. DEBTORS
Cornpanv
2025
Group
2025
2024
Z024
Amounts owned by subsidlary undertaklngs
receiva ble wi thin one yea r
Trade debtors
NHS pharmaceutical suppl i es
HMRC. tax and social security
Other debtors
Accrued legacy Income
Prepayments
Deposit5 provl ded
241,964
54,643
15,088
262,150
7.225
79,557
202,084
3,875
327,414
63,532
5,430
242,082
5,155
200,102
164,955
3,875
54,643
15,088
264,645
2,225
79,557
202,084
3,875
68,488
5,430
242.082
1,791
200,102
164.955
3,875
866,586
1,012,545
622,117
686,723
The intercompany accounts are the balance of funds to be transferred to the HospSce in respect of Glft Ald
payments for the year. The balances are payable on demand. In view of the nature of the balances.
interest Is not char8ed by the Hospice on the outstanding amounts, nor has It taken securlty for the
balances.
10. STOCK
Gr4W>
2025
2025
2024
2024
Boutht In ￿d5
1.524
1.186
21. CREDITORS
Amounts due In under on• year
Company
2025
Group
2025
2024
2024
Note
Payments on account
Trade creditors
HMRC
Accruals
Deferred i ncome
Other creditors
52.859
353,158
91,134
353,865
15,477
5,755
53,126
142,908
70.140
203,226
13.839
9,965
318,387
91,134
346,544
15.477
5,755
125,498
70,140
197,955
13,839
5,080
122
777297
412.512
872,248
493.204
Kathwlne House Hoswce ¢onsolldatedfin4ncialstatementsyearendMarch ZQ25
Page 56

Katharine House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continued)
22. DEFERRED INCOME
Income deferred in accordance with FRS 102 and included in accruals and deferred income was:
Balance at
l Aprfi
Balance at
31 March
Released
Deferred
Refundable event Income
Lottery licence fee
13.631
13.631
13
I3￿9
15A77
For21f24
Balaft￿ at
IAprfl
Balance at
31 March
Released
Deferred
Refundable event income
40.519
40.519
13,631
13.631
Lottery Ilcence fee
40￿
405
13A39
23. PROVISIONS
Company
2025
Group
2025
2024
2024
Di lapi dation provlsion
102,833
102A33
loo,000
loo,000
102,833
102,833
loo.000
loo,000
24. DEFERRED TAXATION
This is shown in the 8roup only and relates to Katharine House Retail Limited..
For 2025
Balance at
Balance at
31 Marth
Released
Attrued
Deferred Taxation Provision
For 2024
Balance at
l Aprll
Balance at
31 Marth
Released
Acuued
Deferred Ta xati on Provisi on
5,969
5,969
Ka¢h•4ne Hous• Ilosplce ¢onsolldat•dfinanc•alstatenmitsyearendMarch 2025
Page 57

Katharine House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Contlnuedj
25. FUNDS
Unrestrlcted Funds - Designated and General Fund$
General fund5 are freely available for the Trustees to apply for its charitable purposes, but include fixed assets
that are not expendable. The Trustees have established seven designated. reserves from within the free and
unrestricted funds available. The primary purpose of these funds 15 to asSlSt the Charity in managing it5
reserves and financial risks. particularly in the light of known future commitments. unexpected failure of
income and larger one off items of e¥penditure.
Implementation of a new clinical system is scheduled for June 2025. with implementation and training costs
expected to be spent in 2025126.
The renewal of IT fund relates to a rolling programme of renewals of Pcs including hardware and software
upgrades.
The tralnln8 and development fund ensures that existln8 commitments to staff development can be funded.
This has been increased due to an additional need for clinical trainin8 and also learnin8 and development
support bein8 out.sourced.
The renovatlon in the Norton Bridge Retall shop has now been completed.
The repairs and renewals relates to a small number of retail shops requlring refurbishment durlng 2025-26.
The acquisition and refurbishment of the new Retail Superstore was completed in the last quarter of the
flnancial year.
The renovation and refurbishment of the Inpatient Unit 15 scheduled for 2026-27 and it Is anticipated there is
proportion of this expenditure that will be funded by the general reserves.
Restricted Funds
The capital and equipment fund5 are primarily for the purchase of items of equipment or refurbishments.
Some have small cash balances which are used in the maintenance of the asset.
The Hospice was in receipt of £98,012 35 part of Hospice UK'S distribution of a £25m grant from NHS England
to be spent on capltal works. This is the flrst of two tranches of fundin8. The Hospice used these funds for
the followin8 C3Pltal works..
The development of the Systmone cl Inical system
The provision of l a ptops for the hospice at home team
The erection of a car pa rk barrier to prevent unauthori Sed parki ng
£73.320
£19,620
£13.377
The service funds are to operate specifled services and are expected to be spent within 12 months.
Expenditure against these funds is only for direct Costs of running the services, not for recharges or
overheads.
The other restricted funds are for use in the provision of aspects of seplices or for provisions not speclfic to a
service, for example: patient comfort funds, funds for the upkeep of the garden and other areas and funds to
provide training and development for staff.
Kathanne.House.H0spice consolidated hnanclalstatem•itsyearendMarch 2025
Page $8

Katharine House Hospice
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continued)
25. FUNDS (Cont.)
COMPAP4Y
Fw ihe Y*•r Ended 31 Marth 2025
I￿emMent
G•lns I
Tr•nsf¢r
(Losses) from I Itol
and
Genefal
Expendliur• Prvvl$lons
Fund
Openlni
Fund
V•lu*
Ooslng
Fund
Valu•
Funds
Inuxn•
Gèneral Fund
Dos*nat•d Funds
Implementstion of new clinical
Renewal of IT
Tralni n8 and Development
Noiton Biid8e Renovation
Repairs and Renewals
Acqui5tionlRefurbishmeni of Property
Renovation/Refurbi5hmeni of IPU
8,980,9$5
8,641,901
P.739,2171
17248} 1395.6911
9.480.700
130,000
25,000
36,000
15.000
60,000
330,000
173,0001
111,3001
35.141
Iis,0001
53,665
1.699
57,000
9,000
40,000
14.7001
131,1411
IS3.6651
1331,6991
60,000
soo 000
666,000
S96￿00
1421,2051
491,205
Aestrlcted Funds
Capital and Equlpment Funds
NH5E Capltal Grant
Servlce Funds
Other Restricted Funds
45,624
23.889
98.012
235,355
7.233
364.489
12S.7291
130SI
198.0121
43,479
12,604
1243,2811
11.516
1280.5261
8 440 948
4,678
104,661
195.5141
93,111
9 681617
9.006390
7,248
io
39
For th• Year Ended JI Marth Z024
In¥*sim¢ni
Galns /
Trinsl•r
IL?ssesl from I Itol
and
Gènefal
In￿m* Exp•ndltur• Provlslons
Fund
Openlni
Fund
Valu
C1051ni
Fund
Value
Fundi
General Fund
Desbgnated Funds
Implementatlon of new cllnlc•l
Renewal of IT
Traini ne and Development
Renovation/Refurbishment Therapy
Norton Bfidge Renovatlon
Replacement of Telephone Equipment
Repairs and Renewals
Ret¥S1 premises dilapidations
Acquistion & Refurbishment of
6,561217
8.755ASO
15J95.148) 172.0461 1268.9181
8?80,9S5
2S,000
30,000
66,000
SS,000
105.000
15,265
10.070
126.8761
20.965
12971
210.804
iioo.0001
33.987
268.918
130,000
25,000
36,000
120.2651
140,0701
128,1241
15,9651
16.7031
1225,8041
15,000
7,000
75,000
100,och)
1300.000
1,658AIQQ
60,000
1,003,987
{1330,918)
330,000
596.000
R•strlrted Funds
Capital and Equipment Funds
NH5E Capital Grant
Service Funds
Other Aestricted Funds
S5,043
49.875
159.2941
45,624
13,805
30,882
99,730
159,689
18,470
218￿34
1160,8901
12,604
46,434
104,662
{223.1021
72￿46
9 681.617
K•thanne HOUAI Hospice consolld•todfinancialstatementsyearendMarch2025
Page $9

Katharlne House Hosplce
Notes to the Financial Statements
For the Year Ended 31 March 2025
(Continued)
25. FUNDS {Cont.)
GROUP
For the Year Ended 31 March 2025
Investment
G•lns I
Tf•nsler
{Lossesl from I Ito)
•nd
General
Provb510Th5
Fund
Openln8
Fund
Value
aoslng
Fvnd
Value
Funds
Income
Expendlture
Genèral Fund
8.980,955
8.879,SS3
17,976,869) 112.2481 1395,6911
9,475,700
D•sthnatad Fundi
596,000
1421,2051
491.205
666.000
Restrlrted Funds
104,662
364,489
1280,5261
195.5141
93.111
.681617
9244.042
.678,600
12248
10,234.811
For the Year Ended 31 M•rch 2024
In￿Stment
Galns I
Tr•rtsf•r
{Lossesl from I Itol
•nd
General
Exp•ndltur• Provlslon5
Fund
Openln8
Fund
Value
Clo￿Ni
Fund
Valu•
Funds
Income
General Fund
6.S61,217
9,320,57S
16.6S9,OS21
27,133
1268,9181
8,980.9SS
D•ll￿at•d Fundj
1.658,000
11,JJu,yi¥i
2611.91¥
596,000
Reslrlrted Fund5
99,730
228,034
1223,1021
104,662
8318 947 9J48.609
9 681617
26. FINANCIALCOMMITMENTS
Capltal Commltments - Company and Group
The Charity hès no capital commltments at 31 March 202512024.. none).
Operatlng Lease Commltments
The Company and Group hold leases for retail outlets, office equipment and software subscriptions. The
future outstandin8 commltments broken down by time periods are shown below with prior year
comparatives..
<1 year
1-5 year5
+5 years
Company & Group as at 31.03.25
Cornpany & Group as at 31.03.24
336,786
176.522
655,991
147,262
The total operating lease commitments (this include5 leases that are out of lease calculated at 6 months,
liability) are..
Total Cort
of Lease
Company & Group as at 31.03.25
Company & Group as at 31.03.24
1.869.497
441.564
Ka¢hanne H*W5e Ilospk• consdidatedfinanaalst•t•mentsyearendMarch Z025
Page 60

Katharine House Hospice
Notes to the Financlal Statements
For the Year Ended 31 March 2025
(Continued)
26. FINANCIAL COMMITMENTS (Cont.1
There were no other operatin8 lease commitments at 31 March 202512024.. none) that exceeded one year.
27. RELATED PARTY TRANSACTIONS
During the year some of the Trustees, senior mana8ers, and employees of all Group entities made donations
to the Charity, played the lottery run by Local Hospice Lottery, and donated good5 to and bou8ht from the
Charitrfs shops. All these transactions were conducted on an arm's length basis in support of the Charity. All
donations made by the Trustees were unrestricted.
Access to the Hosplce's care services is based on the assessment of clinical need and the availability of
provision. It IS Possible that relatives of Trustees, senlor managers. and employees of all Group entities may
have accessed the Charity's serrfice5, but this is not separately identifiable and therefore not disclosed.
2025
2024
Carollne Bruckner Holt Imédkal Dirèrtor of KJtharlne Housè Hosplcè), Zla Din (Tr￿￿e? of Kathariné Housè HospSc•l, Rlthard
Muihes (Trustee of Katharlne House Hosplcel & Jenny Clark• (Trusiee of Katharlne House H05plce)
County Hospital and University Hospltals of the North Midlands Iformecly Mid Stsffordshire
Hospital s NHS Trust) IrelJtionshlp.' Employees)
Pfovl slon of pharmacy services and drug suppl les
Provi 5ion of pal liative medica I consultant sessions
Contract for the provlslon of octupational and phy51otherapy s*rvlees
Provlslon of l-Portal
Other services
85,876
149,980
55,699
9,850
3,612
81,969
136,650
37,707
9,850
Out5tandln8 Credltor and Attruals Balance as •t 31rt March
189,365
56,310
Helen Elizabeth Reeves (Truslee of Katharlne House Hosplcel
Care Quallty Commlsslon (relationship.. Employee)
Community healthcare annual regulatory fees
Out5tandlnR Credltor Balance as at 315t March
1,933
Rl¢hard Soulsby (CEO ol Katharine Hous¢ Hosplce)
AL Services Irelationshl p.. Spouse is proprletorl
Spot purthaslng of counsellin8 services
Outstanding Credltor Balance as at 31st Mar¢h
1,680
525
2,695
175
28. POST BALANCE SHEET EVENTS
Embrace Quality Care Limited 08050417 was dissolved on 15 April 2025.
New clinical system went Ilve on June 2025.
Given notice to landlord with Collectables shop to move premises. it is anticipated that this will generate a
dllapidation cost in excess of £50k which has been provided for within the accounts.
A new retail store in Ru8eley has been opened in April 2025.
K•th•**i• House Hospi¢e eons•Nd•tsdfiNnelo/statementryearendMarch 2025
Page 61