Charity Registration ND. 1014800 Company Registration No. 02750734 (England and Wales) MARY ANN EVANS HOSPICE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 MARY ANN YOUK10(AL HOSPICE MARY ANN EVANS HOSPICE LEGAL AND ADMINISTRATIVE INFORMATION Trusloes J Barr8tt C Barbjp B Blakeman S Darby S Dibb {Slmkin) K FawGett P Handsllp H Norgrove P Robson T Slorrow J Town A WIIsDn R Dollen M Hawklns C McK8nzie D Phlmlster {Appoint8d 21 March 2024> {Deceas8d 03 Juna 2024) (Appolnted 21 March 2024} {Reslgn8d 05 August 2023) (Reslgned 16 August 2023) (Reslgned 31 January 2024) (Reslgned 04 August 2023) 8acretary E Hancock Charlly number 1014800 Company number 02750734 Reglstored offlco Ellot Way Nuneaton Wa￿1cksh1re CV10 7QL Audltor Daffems LLP One EaS￿00d 81nley Buslness Park Coventry CV3 2U8 MARY ANN EVANS HOSPICE CONTENTS Page Chalrnian's statement Truste88' report Statament of trustees, re8p0nslbl1l￿es Independent audIt0￿8 report 8-10 statement of finanoial actlvltigs Balance sheet 12 Stat8m8nt of cash flows 13 Notes lo the flnanclal statements 14-27 MARY ANN EVANS HOSPICE CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 Havlng been appointed Chairman in September 2023, 1 am delighted to present the Annual Accounts for the first lime. Before commenting on the Accounts and the work of Mary Ann's staff and volunteers, I would like lo take this opportunity to recognise the work of my immediate predec8ssor, Chrls Bartup. Chris steered the Board through the difficult days of CovSd when the global pandemic affec18d both servlce delivery and fundraising right here on our patch. We are all grateful lo him for his commitment and leadership and l am personally grateful for his support and advlce as I took on the mantle. The Accounts reflect a very good outcom8 frorn a very challenging year. We began the year anticlpatSng a potential deficit for 2023. However, the superb work of our staff, volunteers and fundraisers meant that we achieved a vlrtual break-even. We owe a huge 'lhank you" io everyone involvéd. However, 2024 looks sim118dy challenglng, as life continues to be tough in the world of hospice funding, with UK hospices f8cing a Collectlve £77m shortfall. Hosplce UK, the national charlty which supports hospices, has been lobbying Parliament for a national plan lo ensure th8 rSghl funding flows to hospices. This could Includ8 measures Ihal support NHS commlssioning decision5 now and help to evolve a truly suslalnable hospice fundlng model in the longer term. Unless and unlll thls nallonal plcture changes. less than one quarter of Mary Ann's financial resources wlll come from the NHS, meanlng that we are hu9ely dependent upon the support of ourshops, and our generous sponsors and fundraisers. This income generatlon Is reflected in the Accounts and remains a contlnuing challeng8, as we elm lo mainlaln and build upon the excellent services provlded. Nevertheless, all the staff, volunteèfs and trustees of Mary Ann remaln hlghly cornmltted to seNlng our communltles in northern Warwickshire. Our staff and service volunle8rs continue to provide high quality, essential and much-valued services lo patients, servlce.users and famllles. In the comlng year, we wlll contlnue lo bulld upon and develop our close worklng wlth our users, communllies, NHS partners and ¢ommissioners- and we are also working to develop further our partnership worklng, mutual support and collaboratlon with the other Hospices In Warwickshire. I feel very honoured lo have been elected Chalr of this great organlsation by my fellow Trustees, and l am very proud of everyon8 who works for and supports Mary Ann. Together, I feel sure Ihal we can rise lo the challenges before us and continue lo provide quallty services and support to those who n88d us th8 most. Tom orrow Chair of the Board Daleii 20 .6 .20 MARY ANN EVANS HOSPICE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees pr8sent their reporl and flnanclal statements for the year ended 31 December 2023. Constltutlon The financial statements have been prepare¢y In accordance wllh the accountlng pollcles set out in nDte 1 to the flnanclal staternents and comply wllh the charlty's Igovernlng document]. the Companies Act 2006 and "Accountlng and Reporting by Charities- Statement of R8comm8nded Practice applicable to charltles preparlng thelr accounts In eccordance wlth the Flnanclal Reporting Standard appllcab5e In the UK and Republlc of Ireland {FRS 1021 (8ffeclive 1 January 2019)" The Mary Ann Evans Hospic8 (Mary Ann) is a r8gistered charlty IRegI8tered Charlty Number., 1014800, Company Numb8r- 027507341 and Is govemed by Ils Memorandum and Artlcle8 of ASsocIa￿an dal8d 25 S8plember 1992 (updated 16 September 20051, Objectives and activities Mary Ann is princlpally engaged In Ihe provSslon of communlty (home based) hosplce services which operate from Mary Ann's maln address In Nune8ton, Warwickshlre. Mary Ann'• Vlglon, Ml8slon, and 8trataglc Alms (2021- 2024) Vi81on Our vislon Is that everyonè In our local communltlés aff8ct8d by a Ilfe Ilmltlng Illnes8 wlll have access to compasslonale, personalls8d car8 and support, Ml88lon Our mission 15 to provid8 accesslble hlgh-quallty palllauve. end of Ilfe, and bereavement, care thrDUghout all our 5ervice8 by our skllled, cartng, dedlcated 8taff and volunteers. Wa wlll provlde care and support that r8sp8cts the cholces and needs of the Indlvldual and those who matt8r most to them. We wlll do thls In partner8hlp with other health and 80clal car8 provlders en8urlng Ilmely. personalls8d care Is provlded when ne8d8d most. We wlll grow as a sustalnable erganl8ation enabling us to achl8v8 our mlsslon. Values Compasslonate Insplrational Respectful Sustain9ble Trustworthy Strateglc Alms Year l of Mary Ann Evans Hospice'B Strategic Development for 2021-2024 fo¢us8e4 on the followlng objectives= Clinical, People, R81atlonshlps and Marketlng & Communlcauons. An additional objecllv8 was add8d for Year 2 - Business Conllnuity. with the uncertalnty surround5ng both income and expendlture It Is vltal that Mary Ann Is not only Idenlified as a cr111￿1 partner, but SUStalnable recurrent funding is secured. A new Strateglc Development plan, due to be18unched in Septsrnber 2024, for 2024-2027 wlll seek to further enhance the successes of tha 2021-2024 plan whilst also focussing on the next 3 years. It Is important Ihat this document r8cognlses Mary Ann's ongolng d6slre to work wlth others to help Improve Servi￿ delivery In the local area, MARY ANN EVANS HOSPICE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Current Servic08 Mary Ann is a community hospice which off8rs, where possible, home or hosplce based specialised servlces to patients, wlth a Ilfe limitlng illness, who Ilve within Nuneaton, 8edworth, North INaThvickshire, and surroundlng areas. The Trustees have pald due regard to guldanc& Issu8d by the Charity Comrnlssiorn In decldlng what a¢llvllles the charlty should undertake. Our current servlces include,. Th8 provlslon of 2417 home and ho$pl¢e based services includlng Wellbeing Day Servlces, Hospl¢e at Hom8 and Rapld Response Secondary to cancer Lymphoedema support, treatsnent, and advlce An Adult Bereavement and Famlly Support servlG8 The provision of a servlce wlll always depend on ad8quate resources belng Identlfigd. Where a seNl¢e Is Gommlssloned through the publlc provlslon of a personas budget to the Intended reclplent an approprlate charge may b8 rnade. Where a new 58rvlee results In a cost bgnefll to another pravid8r or commlssloner, a share of thls baneflt should be transferred to Mary Ann. Slgnlflcant Activltlas and Futur£ Dlrect5on Follcwlng the last un8nnoun¢ed Inspecllon, on 25 January 2023. by the Care Quallty Cornmlsslon (CQC), under Section 60 of the Health and Social Care Act 2008, Mary Ann athieved an overall r8tlng of good, wllh gradlng's ol good for safe, effectlv9, caring, well-16d and responslveness. No areas of shortfall weffj Identified. Mary Ann recelv8d approxlmately 24 /0 of the fundlng for ¢ar& servlces frorn Coventry & Warwlckshlre Integrated Gare Board (ICBI. Mary Ann was also rewarded funds from tha Warwlckshlre County Councll's Better Care Fund foi its Rapld Response Day servlce. During the year two slgnlflcanl Gifts In Klnd donatlons were mad8 to Mary Ann - garden fenclng and car park tarmaclng. Th8 Board of Trustees hlghllghted thè follo￿n9 88 priorltles for 2023: Wort( wlth partners, in the north, to progress the co-ordlnation of 8eNlc8s and mapplng patlenl journey from dlagnosls to end of Ilfe Portfollo of dlgilal care support and robusl data reparting from electronlc pati8nl rgcord system5 Review of systems and proc85ses to optimise Famlly Support offer and extendlng offer of Wellbelng servlces to address Inequali1188 of hosplce provlsion in North place Set a reallstic but balanced budget for 2024 and conllnua to 68ek new Inoame 8tr98m5 Employer and charity of choic8 with improved staff retenllon and progresslon Audit of Trustee skllls & knowledge and IraSnlng needs analysls A3 wllh all hosplces Mary Ann rell85 heavlly on th8 support of voluntèers and Ihelr Input r8mains vltsl to thg ongolng provision of servlc8s and income generatlon efforts. Reporl on Envlronmental Sustalnablllty During 2023 further dev8lop8d th8 successes of 2022 regardlng Mary Ann's environmentsl impact, how we wlll adapt to reduce that impact, and the responsibilities of all involved. The Green Action P5an vwas updated, and regular Green Newsletters ¢lrculat8d to staff. Environmenlal Sustainablllty remain8 0 set Board Commlttee Agenda Item and staff champlons seek to make small, but vltal, changes within their departmants. The introducllon of electronic patient record, human resources and improved financial systems have all helped to signlflcanuy reduce Mary Ann's paper consumption. A Yhlnk Before you Prlnt" culture has been introduced. MARY ANN EVANS HOSPICE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievemonts and Parfornianco Flnancial Review The financial stalements show a deficll for the year 2023 of £21,345 (2022 - deflclt of£7,5421. Although a small deficit this was a much Improved picture than originally budgeted. Thls was 8chieved through careful control of expendlture, the efforts of the retail and Income generatlon teams. un8xp8ctsd legacy income, and the gen8roslty of the local communlty. Mary Ann's Res6Nes Policy 2020 (revlewed March 2023} seeks to balance Spendlng the m2xlrnum amount of Income raised as soon as posslble after receipt, with maintaining the mlnimum level of Reserves to 8nsure unlnterrupted operallon and provide lime lo Bdjusl to financial fluctuations. It Is the pollcy of Mary Ann that unr8strScted funds, whlch h8ve not been deslgnated for a speclflc use, should be malntalned at a level equiva18nl to between three and slx months, expendllure. Mary Ann's Board of Trustees (the Trustees) consider reserves at thls level wlll ensur6 that, in the event of a slgnlflcant drop In fundlng, they will be able to continue Mary Ann's curr8nt activitie5 while conslderadon Is glven to ways In whlch addltlonal funds may be ralsed, 8ndlor savlngs made, The Board of Trust88s recognised the weakness of Mary Ann's flnancial suslainablllty and th8 n88d lo maxlmlse organ188tlonal impact through robust flnanclal management, effectSve investments and growlng the 5UPPOrt of the communlty. If reseN8S mov8 81gnlflcanlly away from target. speclflcally below 3 months or above 12 months then a recovery plan will be prepared by the Chief Executive for consSderatSon by the Trustees. Investment Policy 8tatem•nt The Board of Trustees, havlng regard lo the Ilquldlty of njnnlng the Hosplce op8ratlon, have malntalned a pollcy of Investlng avallable funds in a variety of inv8Stment funds managed on behalf of the Hospice by provi51onal Investment advl8ors and an inve8tmenl platft)m. The investment objectlve Is to yleld a reasonable level of Income dapendlng on overall market performance. How the Hospice invests Ils funds, and the Inve8tment products whSch are part of tha overall Investment portfolio are subJe¢t lo the Investmant Pollcy which Is regularly revlewed by ihe Board. The policy ststes that th& Charity Fund through whlch the Hosplce inv88ts will not Invest In companles whose primary buslness13 produdng or manufacturlng tobacco. The Charity Fund has a ftrm wide reslriclian on investlng direclly in cluster munlllons and anti-personnel land mln8S; thay 81$0 monltor any po18ntlal Indlrect expo8ure to Ihls on an ongolng basls. The fund Is managed for charilles, by charlty speciallsts, who are also Iruslees themselves. As such they are very aware of what Issues can be contentious for charltles. For Instanc8, whlle there Is no hard restrSctlon an gambllng, it Is unlikely that Ihls Is a sector that would be Invest8d in within Iho fund due to the negatlve soclal aspects. They have a strong responslbla Investment frHmework for all Investments. ThSs do8S ￿t necessarily rgstrict parffjcular activili88, but il alms lo hold companies and fund managers to account In terms of their oonslderation of Envlronmental, Social and &)vernanc8 Issu85 (ESG>. The maln form of finandal rlsk, relalng to Inve51ments,1s the volatlllty in equity markets and investment markets du8 to wider economlc condltlons, the attltudes of investors to investment rlsk, and changes in sentlment concemlng equities and withln sectors or subsectors. Principle Fundlng Source5: Slalutory Funding account5 for approxlmately 24Q/D of all costs Mary Ann r81ies heavlly on the Income from Ils 8 shops which contribute over 36% Our local community and other supporters ralse the remaining 35Yo Rlsk Assessments: Risk Registers have b89n establlshed by Mary Ann and are revlewed and updated by the subcommittees and the maln Board. Th8 TTUStees are sausfled that they have assessed the major risks to whlch Mary Ann Is exposed., that aotions are taken to mitigat8 or manag8 those risks, and Ihat there are systems in place to rnonitor any changes. MARY ANN EVANS HOSPICE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 structuro. govornanco and managomgnt Mary Ann is 2 Company Limitad by Guarantee (company numb8r: 0275Q734). The Board of Trustees. who meet al18ast every 2 months. goverri Mary Ann. There are 4 subcommittees whlch look al Ihe Buslness (stralegy, health & safety, and flnancial management}, Clinical Governan￿, People (human resources and volunteers} and Mark8ting. Income Generallon & Communlcation. The trustees. who are also the dlr8Ctors for the purpose of company law, and who served durlng the year and up to the dale of signature of the financ181 statemenls were.. J Barrett C Bartup B Blakeman S Derby S Dlbb (Slmkln) R Dollen K Fawcett P Handsllp M Hawkins C McKenzie H Norgrove D Phimister P Rob50n T Storrow J Town A Wilson (Appolnted 21 March 20241 (Rasigned 5 August 20231 (Reslgned 18 August 2023) IResl9ned 31 January 2024} (Deceased 3 June 20241 {Reslgn8d 4 August 2023) (Appolnted 21 March 2024} It Is with great sadness that the Board of Trustees noted the death of long servlng Trustee, Heather Norgrove. Heather, who had been a supporter of Mary Ann for many years, formalty join8d ihe Board In 2012 serving as Chalr from 2016 to 2Q19. She was a dedlcated hardworking, and passlonate member of the Board. None of the Irust8es has any benaflclal Interest in the company. All of th8 truslees are members of the company and guarant88 to contribute £1 In the event of a wSndSng up. The Trust896 of Mary Ann are also Directors for th8 purpose of Compgny Law and under the Company's Articlas are known as members of the Board of Dlreotors. Under the requirements of Ihe Memorandum 8nd Articles of Association th8 Dir8Ctors and Chalr are 8lected to serve for a perfod up to three years after which they must be re- 8lected at Ihe next Annual General Meetlng. The Chalr can be appolnted for a second 3 year lemi but after s8rving a maxlmum of 2 terms must iellre and cannot be consld8r8d for re-election to the post of Chair for a perlod of 3 years. The Board of Tnjstees seeks to ensure that representallon on the Board cover8 all are85. The Trustees brfng a mix of skills to the Board, providing financlal, corporate and car6 experiencas. Wh8n Trustees retir8 individuals are elther approached to offer themselves for electlon or sought from public advertisement andlor nomlnatlons presented lo the Board. Training and inducllon of new Trustées 18 undertakan on an Informal and ongolng basis via discussions wlth exlsung Trustees, attendance at Board Meeting etc. Koy Management Personnel The Board of Trustees delegate the authodty and responslbility for day to day running of Mary Ann lo thè Chief Executlve and the Leadership Team. The Chief Executive throughout the year and at the end of the repordng period was Mrs E M H8ncock. Pay Revlews Mary Ann's Cllnical staff are linked to the NHS Agenda for Change pay scales and Mary Ann adopts the NHS Cost of Livlng award, for all staff, every year. In 2023 an increase of approxlmalely 5% incr8ase was applied to salarie5. In June 2023, the Board of Trustees agreed to offer all siaff a non-consolidaled additional payment for the year 2022123. The Chief Executive can, wlthln budget, sanctlon Indlvldual one-off increases, as necessary. MARY ANN EVANS HOSPICE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Auditor Dafferns LLP were appointed as auditor to the company on 16 September 2021 and in accordance with section 485 of the Companies Act 2006, a resolutlon proposing that they be re-appointed will be put al the General Meeting on 19 September 2024. Mary Ann plans to revlew the provlslon of audlt, accounb'ng, and advisory servicès at least 8v8ry three years. Dlsclosure of Informatlon to the auditor We, the directors of the company who held officé al the date of approval of these Financial Statements as set out above each confirm, so far 8s we are aware, that.. there is no relevant audit informallon of whlch the company's auditors are unaware.. and we have taken all the steps that we ought lo have taken 8s directors in ord8r to make ourselves aware of any relevant audit information 8nd to establish Ihal the company's auditors are aware of that Informallon These flnanclal statements have been prepared in 8ccordance with the provisions applicable to companies subject to the small company'5 regirne, The Board of Trustees approv8d the trustees, report. torrow Trustee Daled. 20 . &.2oL+ MARY ANN EVANS HOSPICE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who are also the directors of Mary Ann Evans Hosplce for the purpose of company law, 8re r85ponslble for preparlng lh8 Trustees, Report and the flnancial statements in accordance with appllcable law and Unlted Klngdom Accounting Standards (Unlted Kingdom Generally AcGepled Accounung F)ractiC8). Company Law requlres the trustees to prepare flnanaal statements for each financial year whlch give a tru8 and fair vlew of the stata of affalrs of the oharlty and of the Incomlng r@sources and appllcatlon of resour￿5, Includlng the Income and expenditure, of the charltable company for that year. In preparing these flnanclal statsm8nts, the tru8legs are requlred to,. select Suitable aGoounllng policles and then apply them con818t8nUy. observe the methods and prlnclples In lh8 Charllles SORP. - make judgements and estimales that are reasonable and prudent stats whethèr appllcable UK Accountlng Stsndards have been follow8d. subieet to any materlal departures dlsclosed and explained In the finan¢l81 $tat8ments; and prepare Ihe flnancl81 statsments on the golng concern basis unless It Is Inapproprlate lo presume that the charity wlll conlnue In operatlon. The tnJstee8 are r88ponslble for k88ping adequate accountlng records that dlsclos8 wlth reasonable accuracy al any me the financl81 posluon of the ¢hartty and enable them to 8nsure Ihal the flnancial statements comply wlth the Companies Act 2006. Thèy are also responslble for safeguardlng the assets ol the charity and hence for taking reasonable steps for the prevantlon and delecllon of fraud and other Irregularltle8. MARY ANN EVANS HOSPICE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MARY ANN EVANS HOSPICE Oplnlon We have audited the financial statements of Mary Ann Evans Hosplce (the 'charlty') for the year ended 31 December 2023 whlch Comprlse the statement of financlal activiues, the balanca 6he8t. the statement of cash flows and th6 notes to the flnanclal statem8nts, includlng slgnlficant accountlng pollcles, The financial reporting framework that has b88n appli8d in Ih8Sr preparadon Is applicable law and Unll8d Kingdom Accounting Standards, IncludSng FRS 102 The Financlal Reportlng Standard applicabla in the UK and Republic of Ireland (Unlted Kingdom Generally Accopted Accounting Practice). In our oplnlon, the financlal slatem8nis: glve a true and falr view of the State of the charltable company's affalrs as at 31 D8￿mber 2023 and of Its incoming resources and appllcallon of resources. for the year then ended., have been properly prepared in accordanca with Unlted lQngd¢Jffl Generally Accepted Accountlng Practlc&' and have been prepared In accordanc8 wlth the requlremenis of the Companles Act 2￿6. Basls for oplnlon We conducted our 8udlt In accordance wlth Intematlonal Slandards on Audltlng (UK) (ISAS {UK)) and appllcable law. Our responslbllilles under those standards are further described in the Audltor's responsSbSlltles for the audlt of the financlal slalements Bectlon of our report We are Independent of thg charity in accordance wllh thg ethlcal requlrements that are relevant to our audlt of the financial statements in the UK, Includlng the FRC'S Elhlc81 Standard, and we have fulfilled our other ethical responsiblllties in accordance wllh these requirements. We belleve that the audit 8vld8nc8 W8 have obtalned Is sufflclent and approprlate to provlde a basls for our oplnlcn. Concluslons relatlng to going Goncgrn In auditing the flnanclal stat8m8nts, w8 have concluded that the Iruste8s' us8 of the golng concem basis of accountlng In the prepara￿0￿ of the financSal statements Is approprlale. Based on the wort< we have perforned. we have not Idenllfled any material un¢ertalnlle8 telallng to events or Gonditlons that. Indlvldually or co118cIIv8ly, may cast slgnlficant doubl on the charlty's abllily to contlnue as a golng Concern for a period of al least ￿e1ve months from when the financial statements are authorlsed for Issue. Our responsSbllllles and the respon5ibilittes of the tru¥ts8S With re8pecl to golng concem are de8crlbed in the relevant sectlons of this roporL Other Informallon The other infomiallon comprises the information included in the 8nnu81 report other than the finandal statements and our audltor's report thereon. The trustees are responsible for the other information contained wllhin th8 annual report. Our oplnlon on the flnanclal st8t8ments does not ¢OV8r the other Informallon and we do not express any form of assurance condusion thereon. Our responsibility is to read the other Infonnallon and. In doing so, wnsiderwhetherthe other infomiatlon is materially Inconsistent wlth Ihe fln8nclal statsmenl8 or our knowtedge obtalned in the course of the audit, or Othe￿8& appears to be materially mi55taled. If we identify such material incon518tencies or apparent material mlsstatemenls, wa are requlred to delermlne whether this gives rise to a material rnlssta18mant In the financial stat8ments thernselv8s. If, based on the work w8 hav8 perfomed, we conclude that there is a materlal misstat8ment of this other infonnalion. we are required to report that fact. We have nothlng to report In thls regard. MARY ANN EVANS HOSPICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MARY ANN EVANS HOSPICE Mattors on which w• are requlred lo report by exceptlon We have nothing to report in respect of lh8 following matters in relatlon to whlch the Charilies (Accounts arld Reports) Regulations 2008 requlre us to report to you if, In our opinion- the informauon given In the financial statements is inconslstent In any materlal respect wlth th8 trustees, report., or sufflcient accounting records have rtot been kept; or the finandal ststemenls ar8 not in agreement with the accountlng records., or we have not recelved all the informallon and explanation5 we requlre for our audit. Rasponslbllitios of tru8to96 As expl8ined mor8 fully In the statement of trustees, responslbllities. the trustees. who are a180 the dlrectors of the tharity for the purpose of company law, are responglbl8 for the preparallon of Ihe financlal slalements and for belng satlsfled that they glve 8 true and falr vlew, and for suGh Internal control as the trustees delermlne is necessary to enabl8 the preparatlon of flnancial statements that are free from material misststemenl, wheth8r due to fraud or error. In preparlng tha financlal statements, the trustees are re$ponsibla for assesslng the charlty's ab115ty to contlnu8 as a going concern, dlscloslng, as appllcable, mg¢t8rs re18ted to golng concem and uslng the golng concem basls of 8ccountlng unless the truslees either intend lo Ilquldat8 the charltable company or lo cease op8ralions. or have no reallsllc alternallve but to do so. Audltor's rospon8lbllltles for the audlt of thè flnanclal statement6 We have b88n appolnted as audltor under saclion 144 of the Charllles Act 2011 and report In accordance wlth regulation8 made under section 154 of that Act. Our oblecllves are to oblaSn réasonable assurance about wheth8r the ftnanclal statements as a whol8 ar8 fre8 from material misstat8ment, wh8th&r due to fraud or error, and to issue an audilorfs report that Indudes our opinlon. Reasonable assurance is a hlgh lev81 of assurance bul is not a guarantea th8t an audit conduct8d in accordance wlth ISAS (UK) will always detect a material misstatement when It 8xI8ts. Mlsslalements can arlse from fraud or error and are considered matarlal If, individually or sn the aggregate, they could rea80nably be expected to Influence Ihg e¢onomic declslons of users taken ¢)n the basls of thase finandal statements. Irregul8rftles, Including fraud, are Instances of non 120,341) 139,949) 18,604 (21,3451 3,054 110,598) (7,542) Fund b818nces at 1 January 2023 1,827,071 450,392 2.077,463 1,624,017 460,988 2,085,005 Fund balances at 31 December 2023 1,587,122 468,996 2,056,118 1,627,071 450,392 2,077,463 The slalemenl of ffnanclal actlviles Includes all galns and losses recognlsed In th8 year. All Income and expenditure derive from contSnuing activities. The statement of financial acllvlles also compli85 With the requirements for an Income and expendlture account under th8 Companles Act 2DQ6. MARY ANN EVANS HOSPICE BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notes Fixed as8èt8 Tangible assets Investment$ 13 14 1,166,338 426,888 1,225,082 386,574 1,593,226 1,611,657 Current assels Stocks Debtors Cash at bank and In hand 15 16 1,812 70,153 647,519 4,053 62,160 601,382 719,284 667,595 Creditors: amounts falllng duo wlthln one year 17 (256,3921 1201,788) Net current assets 482,892 465,807 Total assats les8 curront Ilabllltlo8 2,056,118 2,077,463 Incomè lunds R8Strlcted funds un￿stricted funds 19 468,996 1,587,122 450,392 1,627,071 2,058,118 2,077,463 The directors acknowledg8 Iheir responslbilllies for complylng with the requirements of the Companles Act 2006 wlth respect to accounting records and the preparalSon of finanGial stalemenls. These financlal statements have been prepared In 8c¢ordance wlth the provlslons applicable to companles sublecl to the small company's regime. The flnandal stslemenls were approved by the Trustees on 2 o - L .2a2-q- lor uste Company Registration No. 02750734 12- MARY ANN EVANS HOSPICE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Not08 Cash flows from operallng actlviti88 Cash generated from operations 25 31,428 272,111 Investlng actlvltlo8 Purcha88 of tanglble fix8d 8880t8 S818 Cf tanglble fixed assets Purchas8 of fixed assat Investments Investrnent Income recelved (19,269) (12,7501 27,459 (406,913) 8.591 Net cash Irom Invo8tlng activltl•8 14,70 (417,591) Net cash used In flnan¢lng actlvltlo8 Nat Incrna80 In cash and ca8h equlvalents 48.137 (145,480) Cash and cash equfvalents At beglnnlng of year 601.382 746.862 Cash and cash oqulvalents at and of year 847,519 801.382 13- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng polici08 Charity Information Mary Ann Evans Hosplce Is a reglslered oharity r8fer8nce nuTnb8r 1014800, and company number 02760734 and Is govemed by its Memorandum and Artlcles of Assoclalon dated 25th Septsmber 1992 lupdat&d 16 Sept8mb8r 2005). 1.1 A¢Gountlng ¢onv•ntlon The financl81 statements have been prep8red In 8¢cordan¢e wlth the charltys governlng documanl the Compani8s Act 2006 and 'Accountlng and Reportlng by Charitiès: Statement of Recomm8nded Practlce appllcable to charltles preparlng their acGounts in accordance with the FlnanGlal Reportlng Standard appllcablg In the UK and Republic of Ireland (FRS 102) (effectlve 1 January 20191" The charlty is a Publlc 8en8fit Enuty es deflned by FRS 102. The flnanclal statements are prepared In sterflng, whlch Is th8 functlonal currency of the Charlty. Monetsry amounts in thes8 financAal statements ar8 rounded to the nearest £. The finandal slalements have been prepared under the hlstorlcal cost conv8ntion. The principal accounting policles adopted are set out below. 1.2 Golng concern At the tim8 of approvlng the financial statements, the truslees have a reasonable 8XP8clation that the charity has adequate resources lo continue in operatlonal 8xlstence for Ihe fofeseeable future. Thu5 the trustees conilnue to adopt the golng concem basls of accountlng In prepartng the financlal statements. 1.3 Charltabla funds Unrestrlcled funds are avallable for use at the di￿retIOn of th8 trust8es In furtheranc8 of thelr charltable oblactlv8s. R&strlcled funds 8re subject to specific conditions by donors as to how they may be used. Th8 purposes and uses of the restrlcl6d fund$ are set out In the notes to the flnanclal Statements. 1.4 Incomo Income 18 recognised when the charlty Islegally 6nlllled to It aftèr any p@rfomiance condi￿OnS have been me( the amounis can be measured raliably, and It Is probable that Income wlll be recelved, Cssh donadons are recognlsed on receipt. Other donations are recogni$8d oncg the oharlty ha8 been notifled of the donation unless performance ¢ondltlons requlre deferral of the amount. Income tax recoverable In relatlon to donauons reG81V8d und81 GiftAid or deeds of covenant Is recognised al the time of the donation. Legacies are recognised on receipt or otherwise If the charity has been notifi8d of an impending distrlbution, the amount is known, and receipt is expected. If the amount is not known. the legacy Is Irealed as a contlngent asset. Assets for dlstribution are r8cognlsed only when dlstrlbuted. Assets glven for use by the charity ar8 recognlsed when receivable. Stocks of undlstribuled donated goods are not valued for balance sheet purposes. 1.5 Expendlture All expanditure is accounted for on an accruals basis and has been cla5slfied under headlng that aggregate all costs r8latad to that category. Where costs cannot be dlrectly attrlbuted to particular headings they have been allocated to acllvElle6 on a basis consistent with the us6 of resources. 14- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcl98 1.6 Tanglblo flxed assets Tangible flxed assets are inltlally measured al cost and subsequ8nlly m8asur8d at cost or v8luatlon, net of depreclalion and any Impalrment10sses. Depreciatian is recognlsed so as to write off the cost or valuallon of assets less their residual values over thelr Useful Ilves on the followlng bases: Freehold land and bulldlngs Leasehold land and buildlngs Flxtures and Iltdngs Motor vehicles 2Vo stralght Ilne Over the leasa term 25% reduang balance 25Vo reduclng balance The galn or Ios8 arislng on the dlsposal of an ess8l Is determlned as the dlfference be￿88n th8 sale proceeds and the carrylno v8lu8 Df the asset and 58 re¢ognls8d in nel incomel(expendlturel for the year. 1.7 Flxed asset invo8tm•nt• Flxed asset investments are initially measured at transacllon prlce excluding transactlon cost8 and are subsequgntly measured at falr value al each reporting date. Changes In falr velue are recognlsed In net Income/{expendlturel for the year. Transactlon costs ar8 expensed as incurred. A subsldiary is an entlty controlled by the charlty- Control Is the power to govgm the financial and operatSng polides of the entlty so as to oblaln benefits from its actlvltle8. 1.8 Impalnnenl of fixad a88018 At each reporting end date, thg charity reviews the carrylng amounts of Ils tanglbla gss8ts to detsrmlne whether there Is any Indlcatlon that thos8 assets hav8 suffered an impairment loss. If any such indication exlsts, the recoverable amount of th8 asset is estlmated In order to determine the extent of the Impalrment108s (If any). 1.9 Stacks Stocks are slated at th8 lower of costand estlrnatad selling prlce less costB lo complete and sell. Cost ¢omprlses dlrect materials and, where applicable, direct labour c051s and those overheads that have been incurr6d In bringing the stocks to their presenl locatlon and condlllon. Items held for dl8trlbullon at no or nomlnal conslderallon are measured the lowèr of replacement cost and cost. Net reallsable value18 the esumated selling prfce less all estimated costs of completion and costs to b8 incurred in markellng, sglling and dlstrlbutlon. 1.10 Cash and cash equlvalants Cash and cash equlvalents include cash In hand. deposits held St call wlth b8nk8, Other short-term Ilquld Investments with original malurltles of thre8 months or less, and bank overdrafts. Bank overdrafts are shown within borrowlngs In currènt Ilabllities. 15- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 1.11 Flnancial instruments The charity has 6lected to apply th& provision8 of Section 11 '8aslc Flnanclal Instruments, and Secllon 12 'Other Flnanclal Instruments Issu8s' of FRS 102 to all of its financAal Instruments. Financlal instruments ar& recc4Jnl8ed In the chatltys balanc8 8h88t when the charlty b￿0M83 party to the contractual provlslons of the Instrument. Financlal assets and Ilabllltles are offset, wlth the nel amounts presented In the financlal statements, when there Is 818g8lly enforceable rSght to 8el off the recognl8ed 8mounts and there Is an Inlentlon to settle oft a net ba818 or to reallse the asset and settle the liability simultaneously. Baslc flnanclal asset8 8asSo flnanc181 assets, whlch Include debtors and cash and bank balanc&s, are Inltlally mea8ured at trans8¢llon prlce Including Iransactlon costs and are subsequenlly carried at amortised Gost uslng the effectlve Interest method unless the arrang8m8nl consdtutes a flnanclng transacllon, where the trans8Ctlon Is measured al the presenl value of the future receipts dlscounled at a market rate of intorest. FlnancSal assets classlfled as re￿1vable wlthln one year are not amorlSsed. Baslc flnanclal Ilablllties Baslc financial liablllties, Includlng credltors and bank loans are Inltlally wognlsed at Iran$actlon prlce unless the arrangement conslltutes 8 ffinancing transaction, where the debt Instrument Is me88ured al the present value of the future payments dlscounted at a market rate of Interest. Financial Ilabllltles classlfled as payable wlthln one year are not amortlsed. Debt Instrument8 ar6 subsequently carrled at amortlsed cost, U51ng the effeC￿ve Interest rate method. Trade creditors are obligation8 to pay for go¢xJs or s8Nlce8 that have been acqulred In the ordlnary course of operatlons from suppllers. Amounts payable are classlfied as current Ilabllllas If payment is due wlthln one year or less. If not, they are present8d as non-curr&nt liabilitles. Trade cred1tors are recognlsed Inltlally at transacllon prlc8 arKI subsequently measured at amortlsad cost uslng the effectiv6 interest method. Derfjcognltlon of financlal 114bllltios Financial liabllltI8S 8r8 d8r8cognised when thè chartty's contractual obllgatlons explre or are dlscharged or cancelled. 1.12 Employeo beneflts The cost ol any unused hollday entitlement Is re¢ognlsed In the porlod In whlch the employee's $8rvlces are received. Termlnalion benefits are recognised immediat81y as an expense when the charity is demonstrably commltted to terminate the employment of an employee or to provlde temilnatlon beneflts. 1.13 Retlrement benefits Payments to deflned contrlbutlon retirement benefit schemes are tharged as an expense as they fall due. 1.14 Leases Rentals payable under operating leases, includlng any18ase Incenllves ￿ceIVed, are oharged as Sn expense on a straight Ilne basls over the term of Ihe relevant lease, 16- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollclos 1.15 Irrecoverablo Vat The tharity Is reglstered for Vat and vat Is recoverable on the operation of the taxable supplles made vla th& shops and through sales of merchandls8, and In re8pect of non-buslnass supplies as 811owed by Vat Act 1994 section 33. 1.16 Taxatlon The hosplce has charttable status for tsxallon purposes and It5 activities are not subject to corporauon tax. 1.17 Volunteer8 Many of tha hosplc8's acllvlU8s are performed by volunteers and the donatad costs of these actlvltles are not reflected In th8 financial statements. Th8 trustees conslder that It would be impos51ble to quantlfy the notional ost of the voluntary as51stance recelved by the hospice. Crltlcal accountlng 08tlmale3 and ludgem•nt8 In the appllcatlon of thg charity's accoundng pollcl88, the Irustees are requlred lo make ludgem8nts, 8stlm8tg and 8ssumpllons about the carrying amount of assets and 118blllties that are not readily appaffjnt from other sources. The eslimales and assaclaled assumptlons are based on hl8toritsl experlgnce and other factors that are conslder9d to be relevgnt. Actual result8 may differ from these estlmales, The esllmates ancl underfying assumptlons ar8 revl8wed on Bn cngolng basls. Revlslons to 8¢counllng estlmates are recognised In the p8rlod In whlch Ihe estsmate Is revised where lh8 r8Vl8ion affects only Ihat period, or in th8 perlod of the revlsion and futur8 ped¢xls Whe￿ Ihe revlslon affects both cU￿8nt and fuiur8 perlods. Crltlcal ludgements Donat•d goods Donated goods for resale are not Included In valuation prlor io belng sold 89 It has been deemed ImpraGdcal lo measure the fair value of the goods and the cost of valuallon would OU￿e1gh the beneflt to the users of the accounts. Support cost allocalion Support costs are 811oc8ted between the 8xpendlture c8tegories of the statement of flnancial activities on basls d8slgned to reflecl tha us8 of resources. Costs r81aling to a parlcular acllvity are allocaled dlrecuy. 17- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donations and18gaclos Unr•8trlctèd Rostrlctsd funds funds Total Unrestricted Restrtcled funds funds Total 2023 2023 2023 2022 2022 2022 Donallons and glfts Legades rec8ivabla Other general orant5 291,454 392,539 25,250 33.024 324,478 392,539 32,038 348,033 259,887 45,600 348,033 259.887 225,281 6,786 179,881 709,243 39,810 749,053 853,520 179,681 833,201 Charltabl• Actlvltl•¥ Total Total 2023 2022 NHS grants for contmct service8 - Communlty $8rvlces 768,041 651,003 Othar tradlng actlvltles Unrestrlcted Unre8tr1oted fund8 funds 2023 2022 Fundralslng evanls Shtjp Incoffte 18,822 863,533 26,128 738,034 Oth8r tradlng actlvltles 882,355 764,182 18- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Inv?stm•nts Unrestrlct?d Unrestrl¢ted funds Funds 2023 2022 Divldends receivable Inter8St recelvable 12,625 14,834 8,889 1,702 27.459 8,591 Raising funds Unrostrlctad Rostrlcted funds fund8 Total Unre8trfct6d Restrlcted funds funds Total 2023 2023 2023 2022 2022 2022 ubllcl Staging fundraislng events 8,324 1,158 12,718 180.581 3,197 8.324 1,158 12,718 180,581 3,197 5,391 845 7,380 147,968 6,452 5,391 845 7,380 147,968 6,452 Adverllsing Other fundrai8lng costs Stsff co8ts Depreciation and impalment Fundra181ng and publldty 183,978 183,978 168,036 168,036 osl Operatlng charlty shops Staff costs D8precAatlon and Impairnent 268,432 400,768 4,923 268,432 400,788 4,923 218,909 340,478 4,021 218.909 340,478 4,021 Trading costs 674,123 874,123 583,408 563,408 858,101 858,101 731.444 731,444 19- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltabla actlvitias expendlture Community Lymphoedama Famlly Servlca8 Support Support Servlces Totsl 2023 Total 2022 Staff costs Deprecialion and Impalmiènl Patlent care Office costs, heat, and Ilght Repalrs and equipment Tralnlng and recrulknant V8n 6xp8nses Other costs 949,667 42.524 4,487 35,058 14,710 6,100 13,199 89,321 111,219 1,150,207 1,087,511 4,050 4,050 50,624 60,212 505 617 5,609 6,650 3.944 4.821 43,823 59,705 1,655 2,023 18,388 15,829 686 839 7,625 10,383 1.485 1,818 16.499 8,957 337 412 1.068,740 239,857 101,983 125,796 1,296,619 1,252.983 37.840 37,840 315,337 253.031 846 7,050 Share of support Costs (see note 101 Share of governance costs (see note 10) 1.313,755 140.669 164.482 1.818,806 1,512.714 Anatysls by fund Unrestrlcted funds Re8trfcted funds 1,292,549 140,669 164,482 1,597,700 1,322,437 21,206 190 277 1,313,755 140 669 164.482 1618,906 1512 714 MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Dascrlptlon of charltable acllvltles Commu SeNices The provision of 2417 home and hosplce4)as8d services induding a Wellbeing Centre (formally known as Day Hospice), HospSce at Hom8 and Rapld Response. 8ma Su Secondary to cancer lymphoedema support, treatment, and advlce. arnil Su ort Servlces An Adult and Children's Bereav8ment and Famlly Support 8ervlco. 10 Support costs Support Govornan costs costs 2023 2022 Staff costs In8urance Offloe costs 241.897 35,240 7,167 1,500 3,905 20.080 5.548 241,897 35.240 7,167 1,500 3.905 20,080 5,548 7,050 178,855 37,168 7,817 1,604 3,082 21,598 4,909 6,700 Travel 8xpens8S Volunteer expens8s Legal and professional expens88 Bank charge8 Audit f¢0$ 7,050 315,337 7,050 322.387 259.731 Analysgd be￿een Charitable actlvltles 315,337 7,050 322,387 259,731 Support costs are alloc8ted botween the expenditure Categorles of the slatement of financial acllvftles on a basis deslgn8d to reflect the use of resourc8S. Governance casts Includes payments to the at￿lI0rS of £7,050 (2022- £6,7QO) for audlt fees. 11 Trustgos None of the tnjstees (or any persons connected wlth th8m) recelved any expenses or benefits from th8 charlty durlng the year. 21 MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Employ0•8 The average monthly number of 8mployees and full time equivalent (FTE) during the year was: 2023 Number 2023 FTE 2022 Number 2022 FfE 88 52 66 Employmont CO8ts 2023 2022 Wago5 and $818rle8 Soclal securlty Costs Other penslon costs 1,681,960 142,899 113,844 1,503,798 131,044 102,166 1,938,703 1,737,008 The number of employees whose annual remuneratlon was £60,000 or more were.. 2023 Numbor 2022 Number £60,000-£70,OC() £70,000-£80,000 13 Tanglble flxad a$sels Frn•hold land and tyjlldlngs L•asohold Flxlure• •nd land flttlng# bulldln9¥ Molor vghlclg• Total Cost At 1 January 2Q23 Addltlons Disposal 1,599,217 76.362 257.787 23,214 1.956,580 {38,220> (10,957} (49.177) At 31 December 2023 1,599,217 38,142 248,830 23,214 1,907,403 Depreciation and impairment At 1 January 2023 D8pr8ciation charg8d in th8 year Released on disposal 469,989 31,984 76.362 169,910 21.036 (7.222) 15,257 1.989 731,498 55,009 (45.442) (38,2201 At 31 Decemb8r 2023 501,953 38,142 183.724 17,246 741,065 Carrying amount At 31 D8cember 2023 1.097,264 63.106 5.968 1.166,338 At 31 D8c8mber 2022 1,129,248 87.877 7,957 1.225,082 -22- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Flxad assét investments Llsted other Investments Investménts Total Cost or valuatlon At 1 January 2023 Addllion8 at cost Dlsposals Revaluatlon galn 386.572 12,750 388,574 12,750 27,584 27,564 At 31 December 2023 426.888 426,888 Carrylng amount Al 31 December 2023 428,886 428,888 At 31 December 2022 386,572 386,574 2023 2022 Other Investrnents comprls8.' Notes Inveslm8nts In subsldlartes 23 15 Stocks 2023 2022 Raw materfals and consumables 1,612 4,063 Stock3 relate lo fvndraising gcods. In addiilon at 31st December 2023 the tTUSteos esllm81e the value of donatod goods held at the shops to be £80,000 (2022.. £80,000) which is not induded in the financial stalgments until sold. 16 Dobtor8 2023 2022 Amounts falllng due withln ong year.. Trade debtors Other debtors Prepayments and accrued incorne 6,031 14,815 49.307 5,519 19,834 37,007 70,153 62,180 -23- MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Credltors: amounts falling due wlthin one year 2022 2021 Deferred Income Trad6 credltors Accru81s and deferred income 169.125 76,068 11,199 159.363 29,244 13,181 258.392 201,788 18 Rotlr•m•nt b•n•flt 8chom•8 Doflnod conlrlbutlon scherne¥ The charfty operates deflned contribution penslon schemes for all qu811fylng employees. The assets of Ihe scheme 8r8 held $8paral8ly from those of thg charlty In an Independently admlnlslered fund. The toi81 charge tc proflt or10ss In reSp￿t of defined contrlbullon schemes was £113,844 (2022 - £102.188). Schem8 on8 Certaln of the hosplce's employe85 are ellglble toioln the National Health SeNlce pension scheme. The scheme Is a deflned ben8flt muld employer scheme admlnlst8red for the benefit of NHS employers, general pr8¢tlces, and olh8r bodi85 allowed under the dlscreuon of the secretary of slate. The charfty Is unable to Identlfy Its share of Ihe underfying notlonal assets and118bllltles of the scheme, and accordlngly has accounted for th8 SC￿Me as If It was a deflned contrlbutlon scheme. Th8 ernploy@Is contrlbuuon to the scherne for the currenl year was based on a contrlbullon rate of 14.3Yo of p8nslonable pay (2022: 14.3%) wlih employees contrlbullng b8tw8en 5.710 and 12.5% in accordance wlth NHS revlsed contrlbullon rule8. Scheme Following the18gislatlon belng Introduced leadlng to auto-enrolmenl of employees Into a penslon scheme, a further scheme w8s set up by th8 charlty to meet the leglslallve requlrem8nts. The charity and employees are able to make separats contrlbutlons Into thls scheme whSch Is a deftned conlrfbuuon scheme and Is not final salary Ilnked. -24- ai! &¥8 CQ oa)0 MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Restricted ftind The Warren project represents funds obtained to asslsl the bullding and fumishlng of the "The Warren" Grant fundlng of £529,867 was awarded by NHS England towards the new bullding which was completed at a total cost of £846,000. The hospicg recelves varlou8 small grants for speclflc purposes. grants are spént In accordance wlth Ihelr requlrem8nls. Any small r8slrlat8d grants obtained to acqulr8 fixed assets are Iransf8rr8d to unr8Strlcted funds after the a88els have been aGqulred, discharglng the restrlctlon. In 2023 a Crowdfundlng appeal to 'Save Books R8ViSited" raised £33,049, Thls money, ralsed through the hard work of local p8opI8,18 restrlcled for th8 use of r8palr$ and m81nlenance of Books RevlBit8d. TheBe works started In 2024 and 8rg ongoing. 20 Analysls of not assets b•twoon funds Unrastrlctad R•strlcted 2023 2023 Total Unrestrlcled 2023 2022 Restrlctsd 2022 To181 2022 Fund balances at 31 December 2023 8r8 r8pr8$8nl8d by.. Tanglble 8s59ts Investments Current 897.342 426,888 482,892 468,996 1,166,338 426,888 462,892 774,890 38e,574 465,807 450,392 1,225,082 386,E74 465,807 1,587,122 468,996 2,058,118 1,627,071 450,392 2,077,463 21 Opèratlng1oa89 commltments At the reporting end dale the charity had outslandlng commltments for fvture mlnlmum1888e payment5 under non-cancellable operallng leage8, whlch fall dug as follows: 2023 2022 withln one year Between ancl five years Over flve yg8rs 113,518 118,542 121,089 186,212 38 232,060 307,339 22 Capltal commltments Commltrnents of £26,64912022.' nil> for bookshop renovations have been contracted but not provlded for In the financial statements. 23 Ralated party transactlons Remun8ratlon of key management personnel The remuneration of the 8 (2022= 7) key management personnel Is as follows. 2023 2022 Aggregate remunerallon 376,123 364.455 MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 24 Subsldlarlos These financial statements are separate charlty financial statements for Mary Ann Evans PrornDlions Ltd Detalls of the charlty'8 Bub31diari8s at 31 December 2023 are as follows: Narn• of undartaklng R6glsl•r•d off Icg Naturo of bu8lneg9 Class of % Hold 8hares hold Dlr•ct Mary Ann Evans Promotions England Ltd Donmant Orrjlnary 100.00 25 Ca3h generated from oporatlon6 2023 2022 Surplusl(deficltl for the year 121,345> (7,542) Adlustsnents for.. Inv8Stment Income recDgni5ed In sta18m8nt of flnandal actlvlles Deprecialon 8nd Impalrmenl of tanglble fixed 8ssets Loss of dlspos81 of tangible flx8d assets Net Igain)Aos8 on Investment 127,459) 55,009 3,735 (27,584) 18,591) 70,685 20,341 Movemenls In WDrklng capital: (Incre8seydecr8a8e In stocks Ilncr88selldecrease In debtors IDecrease)Ilncrease In ¢redltors Increasel{decrea$8) In def8rr8d income 2.441 17,9931 44,842 9,762 (2,757) 78,408 11.879 109,688 Cagh g•nerated from oporatlon8 31,428 272,111 26 An8lysls of changgs In not funds The charity had no debt dudng the year. -27-