Charity Registration No. 1014800 Company Registration No. 02750734 (England and Wales) MARY ANN EVANS HOSPICE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MARY ANN YOUR IOIAL HOSPIIE
MARY ANN EVANS HOSPICE LEGAL AND ADMINISTRATIVE INFORMATION Trustoes J Barrett C Bartup B Blakeman S Darby S Dibb K Fawcett N Gréan P Handslip C McKenzie H Norgrove P Robson T Storrow J Town A Wilson (Resigned 19 September 2024) (Appointed 21 March 2024) (Appointed 20 March 2025) (Reslgned 31 January 2024) (Deceased 3 June 2024) (Appolnted 21 March 2024) Socretary E Hancock charlty number 1014800 Company numb•r 02750734 R•gl•t•rnd offlc• E0t Way Nuneaton Warwl¢k$hlre CV10 7QL Audltor Daffems Audlt Lim6ted One Ea8l%vood Binley 8u81ness Parf( Coventry CV3 2UB
MARY ANN EVANS HOSPICE CONTENTS Pag• Chalmian's ststement Tru8tee8' report Independ•nt audltorfs r•port Statement of flnanclal ath5tlo8 10 Balance sheet Statement of ca8h flow8 12 Not•8 to the flnandal 8tatsment8 13-28
MARY ANN EVANS HOSPICE CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 As I was appointed Chairman in Sapiember 2023, thls report covers my first full financial year in the role and l am pleased to presènt the 2024 Annual Accounts for the AGM. The Accounts reflèct another good outcome from a very challenging year. We began the year antlclpating a substantial deficit for 2024. However, the superb work of our siaff, volunteers and fundraisers enabled us to minimise tha deficit and maintain all of our services. Like last year, we ow8 a hug8 'thank you" to everyone involved. Howaver, 2025 look$ even more challenging, as life continues to be difficult for hospice fundlng. Hospice UK, the natlonal charity which supports hospices. continues lo lobby Parliament for a natlonal plan to en5ur8 the rlght funding flows lo hospices. This has produced some short-term impact, with a £100 million allocation over fyvo finanual years, but classed as 'capttal' 8UPPOrt rather than 'revenue' (and so it has to spent on equipment or buildings, rather than servlce runnlng costs). We have been notified of our first allocation., more will follow later in 2025. However. the entlre hosplce movement slill needs help wlth a truly suslalnable hospice funding model in the longer term. Untll th18 natlonal plcture change8, le$8 than one quarter of Mary Ann's flnandal resourcès wlll come from the NHS, meaning that we are hLJgely dependent upon the Support of our shops, and our generous sponsors and ndraisers. This Sncome generation IS Teflected in the A¢Unts and remains a continuing challenge, as we aim to malntaln and build upon the gxcellgnt Services provlded. Despite these challenges. all of the staff, volunteers and trustees of Mary Ann remain highly committed to serving our communitl8s In northern WarwiGkshire. Our staff and servlce volunteers continue to provlde high quality, essentlal and rnuch-valued s8rvlc8S to pallènts, service-u8ers and familles. In 2025, we will continue to build upon and develop our close working with our users, communitles, NHS partners and commissioners and we wlll Continue to develop further our partnership worklng. mutual Support and collaboration wrth the other Hospic&s In Warwlckshire. During 2024, we had a number of ehanges within the Board of Trustees. Our long-servlng and hlghly r88pected olleague Heather Norgrove sadly passed away, and we saw the resignations of valued colleagues Chrls Bartup and Clare McKenzie. However, we were able to recruit Iwo excellenl new Trustees in Anita Wilson and Bary Blakeman. I remain very honoured to $8rv8 88 Ch8lr of thi8 great organisation, and l am very proud of ev8ryon8 who works for and supports Mary Ann. Tog8ther, l am sure that we can rise to the challenges before us and contlnue lo provide quality Services and Bupport to those who need us the most. Chalr of t Board Dated.. 19 June 2025
MARY ANN EVANS HOSPICE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees preserrt their report and financial statements for the year ended 31 D8cBmb8r 2024. Constltutlon Th8 financial slat8ments have been prèpared in accordance with the accounting policAes set out in note 1 to the finanaal Statements and comply with the charit$ governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard appIlble the UK and Republic of Ireland (FRS 102) {effective 1 January 2019)". The Mary Ann Evans Hospice (Mary Ann) is a registered charity (Registered Charity Numb8r.' 1014800, Company Nurnber.. 02750734) and is governed by its Memorandurn and Artrd88 of Assoclatlon dated 25 September 1992 (updated 16 S8Pt8mber 2005). Objectives and advilt•8 Mary Ann is principally engag8d in the provl8ion of commun6ty (home based) hospice servtces whlch operate from Mary Ann's main addr•$g in Nuneaton, W8rylck$hlre, M•ry Ann'• Vl•lon, Ml•$lon, and Strateglc Alms (2026- 20281 V181on Our vlslon 1$ that everyone In our local communltles affected by a Ilfe Ilmiting Illness wlll have acu88 to compa88lonala, personalised care and support. Ml•slon To provide accessible highquality palllatlve, end of life and bereavement care throughout all our 88Nlces dellvered by our skilled, caring. dedicated staff and volunteers. We wlll Prade care and 6UPPOrt that respects the cholces and needs of the individual and those who matter most to Ihem. We wlll do thls In partnershlp wlth other health and social care provlders ensurlng Ilmety, personallsed care Is provld8d when needed most. We wlll grow as a sustainabl• organlsatlon anabling us lo achieve our mlsslon, Valu Re$pe¢fful Compassionate Su8tainable TrusOrthY Inspirational Stratsgic Alm• Cllnlcal To work with health and social Ca partners and our local communlties to improve the lives of peopla wlth palliative and end of lrfe care needs and those who look after tham. People To be an employer of choice by ensuring staff and volunteers are skilled. tralned, supported. and faél motivated, fulfilled, and valued in their role. Marketlng & Income Generntlon Sustainable income streams will ensure the financial stabilty needed to deliver and expand our s8nilc83. This wrll be bolslered by a volunteer workforce and targeted marketing efforts that engage wrth our diverse communities providing them with essentlal infomialion to access our compassionate, personalised Care.
MARY ANN EVANS HOSPICE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Business & Governancè To ensure that there is robust financial and business governancE embedded within the strategy planning of Mary Ann. To operate responsibly and seek to understand, maintaln, and monitor regulatory. statutory, and op8ratlonal risks. Current Servlc Mary Ann Is a communlty hospice which offers, where possible, home or hospice based speciallsed servl¢es to patients, with a life limiting illness, who live within Nuneaton, Bedworth, North Warwickshlre, and surrounding areas. The Trustees have paid due regard to guldance Issued by the Chaiity Commission in deciding what activities the charity should undertake. Our current services include.. The provision of 2417 hom8 and hospice based s8Nlc8s includlng W8llbelng Day Services, Hospice at Hom8 and Rapid Response Secondary to cancer Lymphoedema support, treatment, and advice An adult B•reavemenl and Family Support service The provision of a service will always depend on adequate re8ource$ belng Identified. ere a servic• is commissloned through the publlc provision of a personal budget to the intended recipient an approprtate charg8 may b8 madè. Vvhare a new se1¢8 results in a cost b8n8fft to another provider or commissloner. a share of this benefrt should be transferred lo Mary Ann. Slgnlllcant Actlvltl•8 and Future Dlrecllon Following the last unannoun¢ed inspection. on 25 January 2023, by the Care Quality commison (CQC), under Sectlon 60 of th8 Health and Sod81 Care Act 2008, Mary Ann achieved an overall rating of good, wtlh gradlng'$ of good for safe, effective, caring, well-led and responslven8ss. No areas of shortfall were idenlffied. Mary Ann Tecelved approximately 24aA of the funding for cafe services from Coventry & Warwickshire Integrated Care Board (IC8). Mary Ann was also re-awarded funds from th8 waIcksh1ra County Councifs Better Care Fund for Ils Rapid Response Day service. In March 2025 Mary Ann received the first distrlbutlon of restrl¢ted funds relatlng to the onward grants to hospices by HospiGe UK of £100 mllllon hospice capital funding grant made by The Se¢relary of State for Hearth and Soclal Care to HUK. As with all hospices Mary Ann relies heavity on the support of volunteers and their input remaln8 vltal to th8 ongolng provlsion of servic8s and incom8 g8neralion efforts.
MARY ANN EVANS HOSPICE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Report on Environmental Sustsinabillty During 2024 Mary Ann further developed the successes of 2022 & 2023 regarding their environmental impact, how we wlll adapt lo r8duc8 that Impact, and the r8sponsibllitles of all Involved. The Green Action Plan was updated, and Environmental Sustainability remain$ a set Board Committae Agenda Itam, The fvll electric pool car has been a grèat success and plans for 2025 include an add(tional pool car and a replacement full electrlc van. Achi¢v¢ments and P•rforniane• Financlal Revlow The financial statements show a deficit for the year 2024 of £212,535 (2023 deficit of £21,345). Thls was an Improved picture than originally budgeted due to the success of our retall operations and unexpected 18gacy Income. The local communlty contlnues to offer financlal and practirAI 8UPPOrt to Mary Ann throughout the year. Mary Ann's R88erve8 Pollcy 2024 Seek8 to balance 8pendlng the maxlmum amount of Income r8lsed as 4oon a$ Possible aftar receipt, with malnlainlng th8 minimum level of Reserv86 lo ensure uninterrupted operation and provlde tirne to adjust to financial fluctuations. It is the policy of Mary Ann that unr85trlcted funds, whlch have not b88n d8slgnated for a specific use, should be maintainad at a level equivalent to betreen three and six months, expenditure. Mary Ann's Board of Trustees {the Tru8te8s) consid8r ras8rv8s at thls lev81 will 8nsur8 that, In Ihe event of a significant drop in funding, they wlll be able to contlnu8 Mary Ann's curr8nt actbvltles whll8 conslderatlon Is glven to ways In vthlth addltlonal funds may be raised, andlor saving8 made. The Board of Truste8s racogn188d the weakn088 of Mary Ann'8 financlal 8UStalnabllty and the need to maxlml8e organisational impact through robust financial management, effectlve investments and growing the support of the cnmmunty. If r8seN88 move slgnltlcantly away from target, SP8eifically below 3 months or abov8 12 mcnlhs then a recovery plan will b6 prepared by tha Chief Executive for consideration by tha Trust88s. Inve•tmont Pollcy Statement The Board of Trustees are responsible for setting the Investment poll¢y and follow the Charity Commission guldance as sèt out in CC14 'charfti8s and Investment matt•rs: a gulde for trustee4' and In ovArdance with the principles set out In the Trustee Act 2000. The investrnent objective is to yield a reasonable level of income depending on the overall market perfomance, How the Hospice Invests its fvnds, and th8 investment products which are part of the overall investmenl portfolio are subjeci to the Investment PoliGy whi¢h is regularly reviewed by the 8oard. The Investment Policy (2025) States that the Chartiy Fund through which the Hospice inve5t8 will not invest In companl8s whos8 prfmary business is producing or manufacturing tobacco. The Charity Fund ha8 a firm wide restriction on investing directly in cluster munitions and anti-personnel land mines,. they also monitor any potential indirert exposure lo this on an ongoing basis. The fund is managed for charities, by charity specialists, who are also trustees themselves. As such they are very aware of what issues can bè contentious for charities. For instan&9, while there is no hard restriGtion on gamblSng. it is unlikely that this is a s8Ctor that would be invested In wKhln the fund due to the negatlve social aspeds. They have a strong responsible investment framework for all investments. This does not n8C8ssarily restrict particular actNities, but it aims to hold companiés and fund managers to account in tems of their consideration of Envlronmental, Social and Governance issues (ESG). The main form of financial risk, relating to Investm8nts, is the volatilty In equity markets and investment markets due to wider economic Gonditions. the attitudes of investors to investment rlsk, and changes in sentiment concerning equities and within sectors or subsèctors.
MARY ANN EVANS HOSPICE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Princlple Funding Sources: Statutory Funding accounts for approximately 240h of all costs Mary Ann relies heavily on the income from its 7 shops which contribute over 26Vo Our local community and other supporters raise the remaining 500/ Risk Assossments: Risk R8gistèrs have been established by Mary Ann and are reviewed and updated by the subcommittees and the main Board. The Trustees are satisfied that they have assessed the major risks to which Mary Ann is exposed: that actions are taken to mitigate or manage those risks, and that there a systems in place to monitor any changes. structure, Govornane¢ and Management Mary Ann Is a Company Limited by Guarantee (company number.. 02750734). The Board of Tru3t8es, who m88t at least every 3 months, govern Mary Ann. There are 4 subcommittees which look at Ihe 8uslness (strategy, health & safely, and financial managem8nl)', Clinical Governanca,. Péople (human resources and volunteers>', and Marketing, Income Generation & Communication. A Palicy Revlew and Retsil Review groups are also convened wh8n r&quir8d. The tru8tee$, who ere also the dir•ctors for Ihe purpose of company law, and who seryed durlng ihe year and up lo the date of signature of th8 financlal statements were.. J Barrett C Bartup (Reslgned 19 September 2024) B Blakeman (Appolnted 21 March 20241 S Darby S Dibb K Fawcett N Green (Appolnted 20 March 20251 P Handslip C M¢Kenzle (Reslgned 31 January 2024) H Norgrovè (Deceased 3 June 2024) P Robson T Storrow J Town A Wlson IAppolnt8d 21 March 2024) Non8 of the tru$tee$ has any beneficial interest In the company. All of the truslees a members of the company and guarante8 to contribute £1 In the event of a winding up. The Truste@s of Mary Ann are also Dlrectors for the purpose of Company Law and under the Companys Artlcles are known as members of the Board of Dlrectorg. Under the requirements of the Memorandum and Articles of Association the Directors and Chair are elected to serve for a period up to three years after which they musl be -elected al the nexi Annual General Meeting. Th8 Chair can be appointed for a second 3 year teTm but after Seing a maximum of 2 t8mis must relire and cannot be considered for re-election to the post of Chair for a period of 3 years. The Board of Trustees seeks to ensure that representatlon on the Board covers all areas. The Trustees brlng a mix of skills to the Board, providing financial, corporate and rare experiences. Vvhen Trustees retir8 indiv¢duals are either approached to offer themselves for election or Soht from publtc advertisement andlor nominations pr8s8nl8d to thè Board. Training and induction of new Trustees is undertaken on an informal and ongoing basis via discussions wlth existing Truslees, attendance at Board Meeting etc.
MARY ANN EVANS HOSPICE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Key Managernent Pernonnel The Board of Trustees delegate the aulhortty and Tesponsibillty for day lo day runnlng of Mary Ann to the Chief Executive and Ihg Leadership Team. Th8 Chièf Executive throughout the year and at the end of th8 reportiftg period was Mrs E M HanGoGk. Pay Revlew8 Mary Ann's Cllnlcal staff ar& Ilnked to the NHS Agenda for Change pay scales and MaryAnn adapts the NHS Cost of Living award. for all staff, every year. Audltor Dafféms Audit Limited were appolnted as auditor to the company on 1 April 2025 and in accordance wlth sèctlon 485 of the Companies Act 2006. a resolution proposing that they be re-appointed will be put at the General Meeting on 18 Sèptember 2025. Mary Ann plans to review th8 provlsion of audit, accounting, and advlsory Services at least every three years, Ststamont of Tru•to0•' R••pon8lbllltlo8 The truslees, who are 8180 the directors of Mary Ann Evan8 H08plce for the purpo88 ol company law, are responslbla for preparing the Trustees, Report and the fjnaDcial statements in accordance with appllcable law and Unlt•d Klngdom Accounting Standard8 {Untted Klngdom Gengrally Aepted Accounting Pr8Ctic81. Company Law requir88 th8 trustees lo prepare financial statements for each financial yoar which giv8 a true and falr vlew of the state of affairs of the charlty and of the Incoming r880urc88 and appllcalion of resources, Includlng the income and expendlture, of the charitable company for that year. In pr&parlng th888 flnanclal stalaments, the trustees are required to: 881ecl suitable accounting pollcles and then apply them con8iStently. observe th8 methods and prlnclple8 In Ihe Charltles SORP. make ludg8m8nts and estimates that are reasonable and prudent. state whether applicable UK Accountlng Standard$ have béen followed, 8ubje¢t lo any rnatorial d8partures dlsclosed and axplained In the financlal statements., and prepare th8 financial statements on the going concem ba818 unle88 It18 Inappropriate lo pre8umo that the charity will continue in operatlon. The trustees are re8pon8lble for kaeping adequate accounting rerArds that disclose wh reasonabl8 accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. Th8y are also responsible for safeguarding the assets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud and oth8r irregularrtl8S. Dl$¢losure of Informatlon to the audltor We, the directors of the company who held office at the date ol approval of these Flnancial Statements as set out 8bove each confirm, so far as we are aware, that.. Ihere is no relevant audlt Infamiatlon of whlch the companV5 audftors are unaware; and we have taken all the steps that we ought to have taken as d1CtOrS in order to make ourselves aware of any relevant audlt Infomatlon and to establish that the companys audiiars are awaro of that Inforniation Thes8 financial stataments have been prepared in alrdance with the provisions applicable to companies subject to the small company's regime. The Board of Trustees approved the trustees, report. Tsto TrL5S Dal 19 ne 2025
MARY ANN EVANS HOSPICE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MARY ANN EVANS HOSPICE Opinion We hav8 audit8d the finanaal statements of Mary Ann Evans Hospice (the 'charl) for the year ended 31 Décembér 2024 which comprlse the statement of financial aclivilies, the balance sheet, the slatement of cash fl¢JWS and the notes to the financial statements. indudlng signlficanl accounling pollcles. The financlal reportlng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Ktngdom G8n8ralty Accepted Accounting Practice). In our oplnlon, the financial slalements.. give a true and fair view of the slate of the charitable companls affairs as at 31 Decembgr 2024 and of Its incoming resources and application of resources, for the year then ended., have been property prepared In accordance wlth Unlled Klngdom Generally Accepted Accounting PractiC8,' and have b@en prepared in accordance with the requirement$ of the Companies Act 2008. Ba818 for oplnlon We conducted our audlt in accordance with Intemalional Standard8 on Auditing (UK) (ISAS (UK)) and appllcable law. Our r8sponsibilities under those standards are further described in the Audito¢$ responsibiltties for th8 audit of th8 financial statements section of our report. We are indep8ndent of the charity in accordance with the ethical requirements that are r8levant to our audft of the financlal statem8nt8 In the UK, Indudlng the FRC'S Ethlcal Standard, and we have fijlfilled our other elhlcal responsibilities Sn accordance with these requirements. We believe that thé audit &vidence we have obtained is sufficient and appfopriale to provid8 a basls for our opinion. Concluslons rolatlng to golng concern In auditing th8 financial statemants, we have concluded that the tru5tee8' use of tha going concem basis of accounting In the preparatlon of the financlal statements16 approprlate. Based on the work we have performed, we have not Identlfied any mat8rlal unc8rtaintles relating to events or oondltk¢n8 that, IndIdUallY or colle1Ve, may cast gnlCanI doubt on the ¢harWs ablty to continue a8 a going concern for a period of at18a8t e1ve months Irom when the finandal statem8nts are authofised for issue. Our fesponsibilitiés and the résponslbilities of the Iru$t8es with respect to going concérn ar8 described In the relevant sections of this report. Ixher inlomiatlon The other information comprlses the intomiation included in the annual report other than the financial statements and our audilorfs report thereon. The trustees arg responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other Information and we do not express any fomi of assurance conGlusion thereon. Our responsibility is to read the other information and. in doing so, consider whether th8 Other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audil. or olh8rwise appears to be materially misstated. If we identfy such material inconsist8ncies or apparent material misstatements, we are required to determine whether this gives rtse to a material rnisstatement in the financial statements Ihem5elves. If. based on th8 work we hav8 p8rfomi8d, we conclude that th8r8 is a material misstatement of this other information. we are required to report thal fact. We have nothing to report in this regard.
MARY ANN EVANS HOSPICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MARY ANN EVANS HOSPICE Matters on which we are requlred to report by exception We hav8 nothing to rèport in r8SPéCt of th8 following matters in relation to whlch the Charitles (Accounts and R8port8) Regulations 2008 require us to report to you rf, in our opinion-. the information given in the financial statsments is inconslslent in any material r8SP8Ct with the truste8s' report., or sufficient accounting records have nol been kept,. or the financial statements are not in agre8ment with the accounting records., or we have nol received all the Infomialion and explanations we raquire for our audit. Re8pon81bllltl•8 ol trustees As explained more fully in the slalement of Iruslees, responsibllitl88, Ihe trustees, who are also the directors of the charity for the purpose of company law, are r8sponsible for the preparatlon of the financial statements and for being satisfied that they glve a tru8 and fair view, and for such internal control as thè trustee8 delemiine is necessary to enable the preparation of flnanclal Btatements that are free from material misstatement, whether due to fraud or error. In preparlng the flnandal Statements. the trustees are re8pon8lble for asse88ing tho charfty's ablllty to continue ¥$ going concem, disclosing, as applicable, matters related to golng concern and uslng the golng concern basis ol accounting un188S the trustee8 8llh8r Intend to liquidate the charitable company or to ceas8 operations, or have no realistic atternative but to do so. Audltorfs r08pon8lbillties for tho audit of th• Ilnanclal •tatemont• We have been appointed as auditor under ¥ectlon 144 of the Charlties Act 2011 and report In accordance with regulatlon8 mada under Secllon 154 of that ACL Our objectives are to obtain reasonable assurance about whether the financial stateménts as a whole are free from matedal mlsstat8ment, wheth8r due to fraud or error. and to issue an audiloffs report that includes our opinion. Reasonable assuranc8 is a high lovel of assurance but 18 not a guarantee that an audit conduct8d In accordance wrth ISAS (UK) wlll always datecl a malerlal mlsstatem8nl wh8n il exists. Misstatemgnts rAn arise from fraud or error and are conslder8d materlal If. Indlvldually or In thè aggregatè. they could tsasonably be expected to inlluencé the economlc de¢l$ions of users taken on Ihe basi3 of these financlal statements. Irregularities, including fraud, are Instances of non-compliance wlth laws and regulations. We design proc8dur88 in Ilne vath our rasponsibilitles, outlined above and on the Flnanclal Repon9 Councll's wobslte, to detact material mlsslatements in respect of irregulartties, including fraud. The specific procedures for thls engagement and the extent to whlch these are capabl8 of detectlng irregularltles, Includlng fraud 1$ dètall8d below,, In response to the risk of Irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of managemènt and those charged w61h around actual and potential lttigation and clalms: Enquiry of entity staff in compliance functions lo identify any instances of non-compliance with laws and regulatlons, Reviewing minutes of meetings of those charged wilh govemance., Reviewing financial statement disclosures and testing to supporting documentation to asse55 compliance wlth applicab18 laws and regulatlons. Performing audit work over the risk of management oveIde of conlrols, including testing of joumal entries and other adjustments for approprialeness, evaluating the buslness ratlonale of significant transadions outside the normal course of business, and reviewing accounting estlmales for blas. Because of the inherent limilations of an audit. there is a risk that we will not detect all irregularltie8, including those leading lo a m8teria5 misstatement in the financial statements or non-complian with regulation. This risk incr8ases the more that compllance with a law or regulation is removed from the events and transactions reflected in the financial stataments, as we will be less Ilk8ly to become aware of instances of non-compllanc8. The risk Is also greater regarding irregulariti8s occurring dua to fraud rather than effor, as fraud involves intentional concealment. forgery. .collusion, omission, or misrepresentation.
MARY ANN EVANS HOSPICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF MARY ANN EVANS HOSPICE A further descriptl<Jn of our re8pM)nsibilities is available on the Financial Reporting Councrl's websita at.. https".lkn.frc.org.ukJOur-WorkJAuditlAudit-and-assurancelStandards-ansSguidancelStandards-and-guidano-for- auditorslAuditors-responsibilitl8S-for-audiUO8scrlption-of-audttors-respon$ibilitl88-for-audlt.aspx. This description forms part of our audltorfs report Use of our report This report is rnade sol8 to the charftvs trustees. as a body. In accordance part 4 of the Charlties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken that we might state to the charity's trustees those matters we are required to stale to them in an auditois, report and for no other purpose. To the fullest extent pemiltted by law, we do not accept or 8s$ume responsibllty to anyone other than the charity and Ihe charws trustees as a body, for our audlt work, for Ihls report. or for the opinions wé have formed. Geoffrey Cox BA FCA (Senior Statutory Audttorl For and on b8half of Dafferns Audit Limited Statutory Auditor On8 Eastsvood. Harry Weston Road Binley Buslness Park Coventy CV3 2UB Dated.. ) q
MARY ANN EVANS HOSPICE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrngtrfcted Restrlcted funds fund$ 2024 2024 Total Unrestricted Restricted funds fLLnds 2023 2023 Total 2024 2023 Nots• ncome from. Donations and18gacie$ Charitable activiti88 Other trading activit188 Investments Other 779,926 715,948 870,003 47,473 1,500 781,428 715,948 870,003 47,473 709,243 788,041 882,355 27,459 1,190 39,810 749,053 768,041 882,355 27,459 1.190 Total Income 2,413,350 1.500 2.414,850 2.388.288 39,810 2,428,098 endlture on. Raising funds 820,344 820,344 858,101 858.101 Charltable activitles 1,797,704 31,822 1,829,526 1,597,700 21,206 1,618,906 Total rn•ourc•• exp8nd•d 2,618,048 31,822 2,649.870 2,455.8Q1 21.206 2.477.007 N8t galn81{108888) on Investments Gross transfers between funds N•t 1ncomellexp8ndltur•) for tho y••r I N•t movomont In fund• 14 22,485 22.485 27,564 27,564 (182,213) (30.322) (212,535) {39,949) 18.804 (21,345) Fund balances at 1 January 2024 1,587,122 468.996 2,056,118 1,627,071 450,392 2,077,463 Fund balance8 at 31 Deeambor 2024 1,404,909 438,874 1,843,583 1,587,122 4e8,996 2,058,118 The statement of financial actlviti88 includes all gains and Sosses recognlsed In the year. All income and expenditure derive from continuing activilies. The statement of financial actNlties also complies with tho requirements for an Income and expenditure account under the Companies A¢t 2006. 10-
MARY ANN EVANS HOSPICE BALANCE SHEET AS A T31 DECEMBER 2024 2024 2023 Nots¥ Flxad assets Tangible assets Investments 13 14 1,167,477 362,352 1,166,338 426,888 1,529,829 1,593.228 Current a8sets Stocks Debtors Cash at bank and In hand 15 16 1,612 93,083 529,968 1,612 70,153 647,519 624,643 719,284 Credltorn: amounts falllng due wlthln on• y•ar 17 (310,889) {256,392) Net currant as8ets 313,754 462,892 Totsl a•8•ts 1•$• eurr•nt Ilabllltl•8 1,843.583 2,056,118 Income funds Restrlcted funds Unrestrlcted fund8 19 438,674 1,404,909 468,996 1,587,122 1,843,583 2.056,118 The dlrectors acknowladge thelr responslbS1itles for complylng wlth the requlrement$ of the Companie8 Act 20113 wfth respect to accounting records and the preparation of financial stalemenls. These financial stalements have been prepared in accordance wlth the provlsions applicable to companles subject to the small company's regim•. The financial statements were approved by Ihe Trustees on 19 June 2025. rro 9te0 Company Regl8tratlon No. 02750734 11
MARY ANN EVANS HOSPICE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note• Cash flow• from operating activities Cash genérated from operations 25 (195,9281 31,428 Invostlng actlvftlo8 Purchase of tangible flxed a8s8t8 Purchase of red a85el Investments Sale of fixed asset Invgstment8 Investment Incom8 reIVed (56,117) (12,979) 100,000 47.473 (12,750> 27,459 N•t ¢a•h from Inv•4llng actlvlt10• 78.377 14,709 Not Increa•• In cash and cash equlvalents (117.551) 48,137 Cash and cash equivalents at b8glnning of year 847,519 801,382 Ca•h and ca•h oqulvalonts at end of yoar 529,988 647,519 12-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charity inforniatlon Mary Ann Evan5 HosplGe is a registered charity reference number 101481JO, and company number 02750734 and is governed by its Memorandum and Articles of Association dated 25th S8pt8mb8r 1992 (updated 16 September 2005}. 1.1 Accounting convention Ttté financial statements have been prepared in accordance with the tharivs govemlng document the Companies Act 2006 and 'AountIng and Reporting by Charitias.. 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) (effediv8 1 January 2019)" The Charrty is a Public Benefit Entity as d8fin8d by FRS 102. The flnanclal Stslements are prepared In sterllng, whlch is th8 functional ¢urr8ncy of the charfty. Monètary amounts in Ih8s8 financial stateménts are roundèd lo the nearesl £. The financial 31atement$ have been prepared under the hlstorlcal cost convention. The principal accounting policies adopted are sel out below. 1.2 Golng concern Al the time of approving the financial ststements, the truste88 have a reasonable expectation that the charliy has adequate resourc88 to continue In operational existence for the foreseeable future. Thus the trustees contlnue to adopt the golng concern basls of accountlng In preparlng the financlal statements. 1.3 Charltable funds Unrastricted funds are available lor use at the dlscretlon of the trustees In furtherance of their charitable obl8Ctives. Restricted funds are subject to specffic condltlons by donors as lo how they may be used. The purposes and uses of thè roslrlcted funds ar• $61 out In the notes lo th8 financial slatemenls. 1.4 Incomo Income is recognised when the charity is18gally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on raceipt. Other donations are recognised once the charity has been nolified of the donation unless performance ¢ondilions require deferral of the amount. Income tax recoverable In relation to donations received under Gift Aid or deeds of covenant is reeognised at the time of the donation. Legacies are recognised on receipt or olh8tWiS8 rf the charity has been notrfied of an impending distribution, the amount is known, and r8C8lPt is 8xpect8d. If the amount is not known, the legacy is tréated as a contingent asset. Assets for distrlbution are recognised only when dlstributed. Assets given for use by the chartty a recognised when recewabl8. Stocks of undi8lributed donatad goods are not valued for balance sheet purposes. 1.5 Expenditure All expendilure is accounted for on an accruals basis and has been dassified under heading that aggregate all osts related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 13-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcla* 1.6 Tanglbla Ilxed assets Tangible fixed asset$ are initially measured at cost and subsequentty measured at cost or valuation, net of depreciation and any impairment losses. Depreciation 1$ récognised $0 as to wrtte off the ¢o$t or valuatlon of a$$ets le&8 their resldual values over their useful Ilv88 on the ftsllowlng basè$'. Freehold land and bulldlngs Leasehold land and buildings Fixtures and frttings Motor vehides 20h stralght Ilne Over the lease term 25% reduclng balance 259h reduclng balance The galn or1088 arlslng on the dl8P08al of an a88et Is deternlned as the dlffer8nce between the sale proceeds and Ihe carylng value of the 8888t and18 recogni88d In net incomel{8XP8nditure) for the year. 1.7 Flx•d a•••t Inve•lments Fixad ass8t inv88tmenls are inltially m8a8ured at tran8a¢tion prlce excludlng transactlon c08ts and are subsequently measured at fair value at each reporting date. Change8 in fair valu8 ar8 r8cA>gnlsed in net incom81(exp8nditurel for the y8ar. Transaction costs are exp8ns8d as Incurred. A substdiary 18 an entlty controlled by the charity- Control Is the power to govem the finanaal and operating pollcles of the entlty go as to obtsin benefits from it5 activltles. 1.8 Impalmient of fix•d a•••ts At each reportlng end date, the charty reviews the carrylng amounts of rts tangible assets to determine whether therè is any indication that thos8 assets have sufferéd an impainnenl loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impaiment1088 (If any). 1.9 Stock• Stocks aro statéd atthe lower of cost and estlmatéd solling price Costs to completé and 8611. Cost Gomprlse$ dlrect materials and, where applicable, dlrecl labour costs and those overheads that havè been incurred in bringing the stocks to their present location and condition. Items held for distrlbution at no or nominal consideration are measured the lower of replacement Cost and cost. Nel realisablo value is the estimated selling price1888 all estimated costs of completion and costs to be Incurred In marketing, selling and dlstribution. 1.10 Cash and ca•h equlvalents Cash and cash equlvalents includ8 cash in hand, deposits held at call wilh banks, other short-terrn liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borr¢)wings in current liabilities. 14-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles 1.11 Flnanclal Instruments The charlty has elected to appty the provlslons of Sectlon 11 'Basic Flnancial Instruments, and Sectlon 12 'Other Financial Inslrurnents Issues, of FRS 102 to all of rts financial instruments. Financial instrument8 are recognised in the ¢harlty'S balance sheet when the charity become8 paty to the contractual provisions of the instrument. Financial assets and liabllities are offset, with the net amount8 presented in the financial statements, when there is a legally enforceable rh1 to sel off the recognised amounts and there is an intention to settle on a net basis or lo realise the assel and settle the liabllily slmultaneously. Basic flnancial assets Basic financial assets, which include debtors and cash and bank balance$, are Inltially measured at transaction price including transaction costs and ar8 subsequently carried at amortlsed cost uslng the effective interest method unless the affangement constttul85 a flnandng transaction. where the Iransaclbn Is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivablg within one year are not amorttsed. Baslc flnanclal Ilabllnles Basic financial liabilities, including ¢redttors and bank loans are Inltlally recogni8ed at transactlon prich unless thè arrangèment constltutes a financing transaction, whère thg debt instrument is measured at the presenl value of the future payments discounted at a market rate of interest. Flnanclal Ilabllltles classlfled as payable within one year are not amortised. Debt instrum8nts ara subsequently carried al amortised cost, using thé effective Intorest rate method. Trade cradilors are obligations to pay for goods or serylces that have been acquired In the ordinary course of operations from suppliers. Amounts payable are classlfied as ctsrrent liablliti8s rf payment is due within oné year or18ss. If not, they are presented as non-current Ilabiliti88. Trad8 creditors are recognised initially at tran$a¢tion prtce and subsequently measured at amortised cost using the effective interest method. Dero¢ognlUon ol flnanclal Ilablllfles Financial liabilltles are derecognised when the chaW$ contractual obllgatlons explro or are dl¥¢horged or cancelled. 1.12 Employee beneflts The o)st of any unused hollday enllllemenl is rocognl8ed In Ihe period In whlch the employ••'s services are received. Termination beneffts are recognised immediately as $n expense when the charfty Is demonstrably committed to terminate the employment of an employee or to provide t8rminallon beneflts. 1.13 Retlremgnt beneflts Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.14 Leases Rentals payable under operaling leases, including any lease incentives recelved. arè charged as an expense on a straight line basis over the term of the r8levanl lease. 15-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcle¥ 1.15 Irrocoverablo Vat The charity is r8gistered for Vat and vat is recov8r8b18 on th8 operation of the taxable supplies made via th8 shops and through sales of merchandise. and in respeci of non-busines5 suppli85 as allowed by Vat Act 1994 sectlon 33. 1.16 TaxaOn The hospice ha8 charitable status for taxation purposes and its activities are not subject to corporation tax. 1.17 Volunteern Many of the hospice's activities are performed by volunteers and the donated costs of th888 activrties are not r8fl8cl8d in th8 financial statements. Th6 trustees consider that it would be impossiblè to quantify the notlonal cost of the voluntary assistanc8 r8c8lved by the hosp1. Crltlcal accountln9 estlmates Ind Judgements In the applltratlon of tha chartty's ac&Junllng poliel•8, th• trustéés are r•qulred to maka judgements, estlmates and a83mp0ns about the carrying amount of assets and li2bllitl8S that are not readlly apparent friyn i)ther sources. The estimates and associaled assumptions are based on hi8torlcal experlence and other fac*ors that are consid&r8d to b8 r818vanl. Actu81 results may diff8r from th8se 88timales. The estimates and under5ylng assumptlons are revlewed on an ongolng basis. Revisions to accounting estimates ar& recogni5ed In the period In whlch tho estimate Is revised wh8re tho revision affects onty that period, or In the perlod of the revision and future perlods where tha revl8ion affects both current and future perlods. crttlcal ludgemonts Donat•d good• Oonated goods for resale are nol included in valuation prfor to belng sold as It has been deemed Impracti¢al to measure the falr value of th8 good8 and the cost of valuation would Ou81gh the benefll lo the users of the accounts. Support cost allocatlon Support costs are allocated betsveen the expenditure categorl88 of the stalemenl of Itnan¢i81 actlvilie8 on a basis designed to reflect the use of resources. Costs relating to a particular activity are allocated directly. 18-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Donatlons and legacios Unrestrlcted Rwdtrictad fund8 funds Total Unr8StriGted RestriGted funds fund8 Tolal 2024 2024 2024 2023 2023 2023 Donations and gtfts Legades re1vable Other ganaral grant8 356.677 383.652 39.597 356,677 383,652 41,097 291,454 392,539 25,250 33,024 324,478 392,539 32,038 1,500 8,786 779.926 1,500 781,428 709,243 39,810 749,053 Charltabl• Actlvltl•s Total Total 2024 2023 NHS grant8 for Q)ntracl 8ervlces - Communty Servlces 715,948 788,041 Oth•r tradlng activltl•8 Unrostrfcted Unre8trlGted fund• funds 2024 2023 Fundraising events Shop incom8 31.782 838,221 18.822 863,533 Other trading activiti88 870.003 882,355 17-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investmonts Unre8trlctod Unrestricted fundg Funds 2024 2023 Dlvldènds rtscèivable Interest receivable 13.047 34,426 12,625 14.834 47,473 27.459 Ralsing fund8 Unro•trlcted Rutrlctod Total Unr951rloted Restrlct8d lunds funds funds funds Total 2024 2024 2024 2023 2023 2023 Staglng fundralslng events Advertlslng Other fundraising Costs Staff ujsts Depreciation and impalrment 10,652 1.083 4,979 111,875 2,398 10,652 6,324 1,083 1,158 4,979 12,718 111.875 160,581 2,398 3,197 6.324 1,1S8 12,718 180,581 3,197 Fundralslng and publlclty 130,987 130,987 183,978 183,978 Operating charity 8hops Staff costs Depreciatlon and impairment 289,599 396,114 289,599 396.114 288,432 400,788 4,923 268,432 400,788 4.923 Trading costs 689,357 689,357 674,123 874,123 820,344 820,344 858,101 858.101 18-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charltable aclivitios expenditur• Communlty Lymphoodema Famlly 8orvl¢es Support Support Services Totsl 2024 Total 2023 Slaff costs Depreciation and impaimient Patient care 1,238,821 41.107 5,406 30,381 11,778 93,539 3,915 808 3,418 1,325 950 1,678 293 99,984 1,432,344 1.150,207 3,915 48.937 50,624 743 6,757 5,609 4,174 37,951 43,823 1,620 14,723 18,388 1,162 10,560 7,825 2.052 18,648 16,499 358 3,744 Office costs, heat, and light Repalrs and equlpmenl Training and recruitment Van expenses Other costs 14,918 2.605 1,353.444 189,202 105,724 114,088 1,573,176 1,296.519 29,874 29,874 248,950 315,337 888 888 7,050 Share of 8UPPOrt costs (see note 10) Share of governance c0818 {888 not8 10) 1,548,270 136,486 144,770 1,829,526 1.818,908 An•ly•l• ty fund Unrestricted funds R8Strlcted lunds 1,516,448 136,486 144,770 1,797,704 1,597.700 31822 21208 1548 270 136 488 144 770 1829 526 1818 908 19-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Descrlptlon of charltable actlvitles The provlsion of 2417 home and hospice-based services including a Wellbeing Centre (formally known as Day Hospi), Hospice at Home and Rapid Response. Secondary to rAncer lymphoedema Support, Ireatment, and advice. An Adult and Chlldren's Bereavement and Famlly Support ¥ervke. 10 Support ¢ts Support Governance costs costs 2024 2023 Staff cnsts Insurance Offlce cost8 Travel expen8e8 Volunteer expen80s Legal and prof8s8ional 8xp8nses Bank chargas Audit fees 185,494 33,270 327 2,200 4,028 15,373 8,280 185.494 33,270 327 2,200 4,028 13,373 8,280 7,400 241,897 35.240 7,167 1,500 3,905 20,080 5,548 7,050 7,400 248,950 7,400 258,350 322.387 Analysed beaOn Charitabl8 advltl88 248,950 7,400 256,350 322.387 Support CO8t8 are ollo¢ated betNagn thg expendlture categorle8 of the statemenl of finan¢lal adlvftles on a basis designed to refiect the uae of resources, Govemance costs Includ88 paym•nts to tho audltors of £7,400 (2023,. £7,050) for audti f99S. 11 Trustsos None of the trustees {or any persons connected wrth them) r8celv8d any expense$ or beneffts from the charity during the year. -20-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employees The average monthly number of employees and full timè 8quivalenl (FTE) during the year was: 2024 Number 2024 FTE 2023 Number 2023 FTE 77 68 52 Employm•nt ¢o•ts 2024 2023 Wages and salarles Sodal securlty ¢OSt8 Other pension costs 1,812,780 155,977 118,984 1,681,980 142,899 113,844 2,087,721 1,938,703 The number of employ88s whose annual remuneration was £60,000 or more were.. 2024 Numbor 2023 Number £60.000-£70.000 £70,001>£80,000 13 T•nglbl• flxed as80ts Fr••hold land and bulkllngj L*•hOld Flxturn• and land •nd flttlng• bulldlngs Plotor v•hlcl•b Totsl Co•t At 1 January 2024 Additlons Dlsposal Transfers 1,599.217 38,746 38,142 246,830 23,214 17,371 1,907,403 56,117 {6,952) (8,952) {3,998) 3.998 At 31 December 2024 1,637,963 42.140 235.880 40,585 1,956,568 Depreciation and impaim8nt At 1 January 2024 Depreciation charged in Ihe year Released on disposal Transfers 501,953 32.403 38,142 256 183.724 14,793 (5.261) (2,9781 17,246 5,835 741,065 53,287 (5.2611 2,976 At 31 Dec8mber 2024 534,356 41,374 190,280 23,081 789,091 Carrying amount At 310ecember 2024 1,103,607 45,600 17,504 1.167,477 At 31 December 2023 1,097,264 63.106 5.968 1,166,338 21
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14 Fixed asset Invgstments Ll$ted Othgr Investments Inveslmonts Total Cost or valuatlon At 1 January 2024 Addltions at Cost Disposals Revaluation galn 426,886 12,979 (100,000) 22,485 426.888 12,979 (100,000) 22,485 At 31 December 2024 362,350 362,352 Carrylng amount At 310ocemb•r 2024 362,350 382,352 Al 310ec8mber 2023 426,886 428,888 2024 2023 Other Investments compd8e: Nots• Investment5 In subsldlarles 23 15 Stock• 2024 2023 Raw materials and consumables 1,612 1.612 Stocks relate to fundraising goods. In addition at 31st December 2024 the Injstees estimate th8 value of donated goods held at the shops to be £98,OLN) (2023: £80,0? which is not included in the financial statements untll 801d. 18 Debtorn 2024 2023 Amounts falllng duè withln onè year: Trade debtors Other debtors Prepayments and accrued Income 6.409 12,764 73.890 6,031 14,815 49.307 93,063 70,153
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17 Creditor5: amounts falling due wlthin one year 2024 2023 Deferred incom8 Trade creditors ArKruals 175,884 113,288 21,717 169,125 76,088 11,199 310,889 256,392 18 Retlrement b•neflt •chema8 Deflnod contrlbutlon •cheme• The charty operat6s defined contributlon pansion 8chemes for all qualifylng 8mployee8. The a8$ets of th8 schama ar6 hald separately from those of the charfty In an Independently administered fund. The total ch8rga to profft or1088 In r88P8Ct of defined contribution scheme8 was £118,984 {2023: £113.844). Scheme one C8rtain ofthe hospice's employe88 are eligible to loln the Natlonal H8atth SeNlce p8n8ion stham&. Th8 scheme s a defined benefit multl employer scheme administered for the benefft of NHS 9mployers, gen9ral practlces. and other bodles allowed under the dlscrelion of the secretary of stale. The charfty Is unable to identlfy Its Share of the underlying notional assets and liabilittes of the scheme, and accordingly has accounted for the scheme as If It was a definéd contribution scheme. The employerfs contrlbution to the $ch8me for the current year was based on a contrlbution rale of 14.40h of pensionable pay12023'. 14.4%) viith employees contrlbutlng befven 5.70/0 and 12.511A in accordance wlth NHS revised ¢ontslbution rules. Sch8me hvo Following the l•gislation belng introduced188dlng to aUtanfO1rn8nt of amployeas Into a penslon scheme, 8 furthér $chame was set up by the charity to meet the legislative requirements. The charity and employaes are able to make 88parate contribution8 Into th18 Scheme whlch Is a defin•d conlributlon scheme and Is not flnal salary Ilnked. -23-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19 R••irt¢¢•d fund• Th•trthm•fw•Orth•clr Ird• r•1trhathd1 ccfflprfthgtrhi Idbhlng Un1x¢d hlvKofd¢n•tkn••l h•la thibwrtrtypothF4WPOW.' Mov•ffl•nt In lunds Ilov•m•rt In fvnd• •n¢••¢ lfiqofflthq IMpThAr4 TAn¥•¢• 1 J•fftwry 1411 •wd•d 11&•201 14,0381 13,472 2N75 117,W) 12.139) 416.200 811 290 HplI¢ 8w• IP• Book 81 111.920) 21,129 121,X61 131.62• 438,674
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19 Restricted funds Thé Warren projèct represents funds obtained to assist the building and furnishing of thé 'The Warren" Grant funding of £529.867 was award8d by NHS England towards the new building which was cornpleted at a total cost of £846,000. The hospice receives various small grants for spècific purposes, grants are spent in accordance with their requirements. Any small reslrict8d 9rants obtained lo acquire fixed assets ar8 transferred to unrgstricted fund$ after the assets have been acquired, discharging the restrlction. In 2023 a Crowdfunding appeal to 'Save Book8 Revi$li8d' raised £33,049. Thi8 money. raiBed through the hard work of local people. is re8trlcted for the use of repalrs and malntenance of Books Revisited. These works startad in 2024 and are ongolng 20 Analy•l• of nèt assats botw••n funds Unrngtrlctsd R?Jtrictsd 2024 2024 Total Unrestrict8d 2024 2023 Restricted 2023 Total 2023 Fund balances at 3108cember 2024 are represented by: Tanglbla ass8ts Investments Currant 728,803 362,352 313,754 438,874 1,167.477 362,352 313,754 697,342 426,888 462,892 488,996 1,186,338 426,888 462,892 1,404,909 438,674 1,843,583 1.587,122 488.998 2,056,118 21 Operntlng18aso commltmonts At th8 roportlng end dat8 the ¢harRy had outstandlng coMmMentS for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Wrthin one year 8ehveen tsvo and flve year8 Over five years 93,001 192,042 113,518 118,542 285,043 232,060 22 Capltal commltrngnts Commitments of £nil12023'. £26,649) for bookshop renovations have been contracted but not provided for in the flnaftcial statements. 23 Related party transa¢tion8 Remuneration of key managomont pornonnel The remuneration of the 7 {2023.' 8) key management personnel is as follows. 2024 2023 Aggregate remuneration 423,858 376,123 -25-
MARY ANN EVANS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 24 Subsidiari These financial $t*ements ar8 separate charty financial Statements for Mary Ann Evans Promotions Ltd Details of the charity's subsidiaries at 31 December 2024 are as follow$'. Nam• of undortaklng Rggl8tsrnd offlce Natur• of bu#lnH• Clam of sharng held % Hold Dlrect Mary Ann Evans Promotlons Ltd England Dormant Ordlnary 100.IXI 25 Cash gonoratod from operntlon• 2024 2023 Surplu81{deficit) for the year (212.535) (21,345) Adlustments for: Investment Income recognised in 81atement of flnancial activltles D8pr8clation and Impairment of tsnglble fixed assets Lo88 of dlspo8al of tsngible fix8d a$$el8 Nat (galn)11068 on investment (47,473) 53.287 1,691 (22,485> (27,459) 55,009 3,735 (27,564) Movements In working capital.. (Incrga8e)Idecrea88 in stock8 (Incr8aselld8crease in debtors (Decrease)fincrease In creditor8 Increasel(decrease) In deferred Income 2.441 (7.993) 44.842 9.782 (22,910> 47.738 8.759 Ca•h gon•ratsd from oporatlon• (19S,9281 31.428 26 Analys1• of changeg In not funds The charity had no debt during the year. -26-