Charity Registration No. 1019410 Company Registration No. 02803974 (England and Walesl ST BENEDICT'S HOSPICE, SUNDERLAND (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS (AMENDED) FOR THE YEAR ENDED 31 MARCH 2025
ST BENEDICT'S HOSPICE, SUNDERLAND LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr D M05S Dr M J Walker MsJMBray Ms M Bainbridge Ms M Wren Mr S Foster Ms J Williams Dr LAlcorn {Appointed 14 January 2025) (Appointéd 9 Septemb8r 2025) Charfty number 1019410 Company number 02803974 Registered office st Benedict's Hospice st Benedict's Way Ryhop8 Sund&rland SR2 ONY Auditor Inspire Corrpllance Limited 6 Queens Court Third Avenue Team Valley Trading Eslate Gateshead Tyne and Wear NE11 OBU Bankers HSBC
ST BENEDICT'S HOSPICE, SUNDERLAND CONTENTS Page Trustees, report Statement of Truste@s' responsibilities Independent auditor's report Statement of financial activktles Balance sheet 11 statement of cash flows 12 Notss to the financlal slatements 13-25
ST BENEDICT'S HOSPICE, SUNDERLAND TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual r8port and financial statements for the year ended 31 March 2025. The financial statements have been prepared accordance with the accounting policles set out in note 1 of the finan¢ial stalemenls and comply with the charily's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charitles.. Statement cif Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Finan¢Sal Reporting Stsndard appllcable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Obla¢tlve8 and aetlvitle$ St Benedict's Hospice, Sunderland is a registered charity which supports St Benedi¢t's Hospice and Centre for Specialist Palliative Care, an NHS run seNice offering care and support to people from Sunderland and surrounding districts. The charity raised £678,355 in the year in voluntary and charilable donations for the Hosplce. supporling a wide range of activitles, equipment and specialist roles to support patients and familiès. The charlty currently funds the Hospic8 counselling $8rvice, various medical and oc¢upational therapy roles and provides a wide range of specialist and genaral equipment. The last 12 months has seen th8 charity go through a period of restruGture across our Retall department to reduce our cost base and secure the long term future of the charity, Our Retail income has grown over this period and contributes to around 45% of our overall income. During the period, we hav8 seen the oonnections with our Ifxal community grow and bring new opportunities to involve local schools and business&s In our income generation plans. Our corporate partners hav& volunteered in the grounds of the Hospice ensuring it is always safe, peaceful space for the pati8nts and families and our plans to increase corporate opportunktles across other areas are und8tway. We continued lo support the traditional requests fcir patient comforts., equipment tc enable better patient care- training for staff- and funding for many of the Hospice posts. The charliy continues to fully fund the bereavement couns611ing SeiCe whl¢h Is a vital parl of the care we offer. We would like to thank our current Head of Retail and Fundralslng and our income generatlon team, for their ongoing expertise and enthusiasm, ensuring the charity continues to grow and develop even in these ch8llenging times. The charity has continued to pursue its activiti&s under five objectives: To provide patlents Ih05e comforts which are necessary to ensure that they benefit from the special atmosphere whith is unique lo all Hospic@s, especially St Benedicvs Hospice. Some of Ihese are specific lo individuals and their families To fundraise to meet the cost of the provision of Hospice service8 Support and provide financial assistance to the work in spacialist palliative care with the range of services provided for in-patients and out-patients To continue to recruit and train volunteèrs To assist in th& establishment of a range of educational programmes thal will improve the services provided at and through the Hosplce The Charity considers that Ihe8e objectives and activilies demonstrate clear benefits to the public in the areas served by the Hospic6 based on the need for palliative care services. In setting objectives and planning future developments tha Trustees have given careful consideration to the Charlly Commission's general guidance on public benefit and are satlsfied that they meet those requirements.
ST BENEDICT'S HOSPICE, SUNDERLAND TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The policies of the charity aro detemiined by the Board of Trnslaés and ensure day to day decisions are consistent with these policies and associated procedurès. Policies and procedures have been reviewod and revised, with new policies agreed where idenlified. Limits of expenditure by delegated authority are dear and the Board is involvèd in making spendlng dedslons. Where requests for expenditure require clinical and technical advice, these are provided by the Hospice Clinical Management Team. Fundraising Updatg Members of the Board, ils slaff, and the community served by St Benadict's Hosplce continued to work hard to rais8 fijnds to support the Charity. The membèrs of the fundraising team organise events, and also support members of the local community in raising funds in the name of loved fatnily members and friends, who may have received the excellent care offered by the Hospic6. Th&re are other community organlsations such as darts clubs, 0th8r sporting associations who have been longstanding supporters of the Hosplce, and continue lo raise much w8lcom8d funds, We are grateful to all ofthese members ofthe communities we serve for their efforts. The ¢harity's primary source of income is voluntary money raised from tha general public, local businesses and charitable trusts and foundations. Eff6Ctiv& fundraising enables fhe Hospice to ensure thal patients receive the best possible care. not confined to cllni¢al care, but also their comfort in being an Inpatient at Sl Benedict's. The Hospice has been operating for over 15 years slnce its opening in Ryhope. Many things have changed during that timè both in the manner iri which the NHS organises services across the region and tha way whlch those seIS are delivered "on the ground." W& have sought to ensure our servicès meet modem standards, Including a thorough review of facilities in the inpatient ward and day seTvices. This has included provision of new beds for patients and their families if they wish to stay at the Hospice, installation of smart te18visions in each of the rooms so that patients can watch Sky TV servicos etc., and more modern eating arrangements for individuals attending Day Services through the purchas& of new dining table and chairs and associaled furniture. The transport leam consisting mainly of volunteers. provides an invaluable service to individuals attending eilher the day provision as well as the lymphoedema service or other clinics, and Ihey ensur8 that individuals are picked up promptly from thelr home to attend appointments, and relurned home as soon as possible afteards, The inveslment in the new purpose buitt mini bus which we aro scheduled lo take delivery of in May 2025 will SUPPOrt the team in en8bling us to continue to meat the needs of our patients. Volunteers are at the core of delEvery. whether that be the Iransport team, volunteers working in the Hospice Bistro or dellvering activities such as raffles and other activities in lh8 communlly, or indeed the Trustees themselves. We are always keen to welcome new Trustees, SO that we can expand our team and bring the broadest Possible set of skills to oversee the operations of the charity. The charity is registered with the Fundralsing Regulator and all our fundraising activities comply with their Code of Fundraislng Practice. The organisation has a Customer Relationship Management (CRM) database in place Vhich ensur8s monitoring and support activities of people fundraising for us. The CRM also ensures accurate financial record keeping and that we comply wilh the General Data Protection Regulation {GDPR) which is regulat8d by the Information Commissioner's Office (ICO). Volunteers who represent and raise fvnds for Iho charity on a regular basis are provided with appropriate training and support to ensure they maintain our fundraising standards. This includes sharing guidolines from the Code of Fundraising Practice, the Charity Governance Cod&, regular meetings and overslght from the fundraising team. The charity is committed to supporting everyone who fundraises for the charity and understand that some people may be classed as vulnerable due to their personal circutnstances or the circumstances of thelr loved ones. The charity ensures all of our stsff are trained and able to recognise someone who may be vulnerable and work closely with the Hospic& dinieal team to ensure the Indlvidual gets the most appropriate support. The charfty remains committed to growing and nurturing the support we receivo from people who commit lo fundraise for the chariiy. often for very personal reasons. Th8 charity remains incredibly grateful for all the support il receives.
ST BENEDICT'S HOSPICE, SUNDERLAND TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial revlew The charity reported a deficit during tho financial year of £314,983 (2024: £429,078). A contribution from the r8tall operation of £195,804 (2024.. £196,975) reduced the overall deficit. Reserves Policy The Reserves Policy set by the Board of Trustees follows the guidelines as laid out by the Charity Commission. The Twste@s have revlewed the charlty's Resejves Policy in line with those guidelines and in doing so, havè considered the impact of a nurnber of polenlial financial risks. including the loss of key staff. reduced fundraising and trading performance as w811 as the impact of fijture plans. The Trustees are satisfied that there are sufficient reserves in place to cover thgse funds as of 31 March 2025, as laid out in their Reserves Statement for the year. Public Bènefit The Trustees have had regard lo the Charity Commission guldance on thelr legal duty on public benefit. and are satisfied that the Charity delivers worthwhil& publi¢ benefil. Due regard is paid to the guidanc8 on public benefil when deciding on what n6w projects the Charity should undertake. Investmenl Pollcy Barclays Private Bank & Wealth Management advise the Trustees in respect of its investments. The charity is a long term investor and seeks to obtain a reasonable investment return. In placing funds the level of slock market volatility and the continuing uncertainty regarding world &conomi¢ prospects have been taken into account and balanced against an environment of low returns on cash funds, The investment brief is broadly defined but ethical ¢rileria prevent investment in companles that manufacture arms, alcohol or tobacco. The Trustees also invests 0th8r lunds via a platfom) providing a base for cash savings. The Tmstees ensure that such Snvestmenls are at levels which obtain FSCS protection. Risk Managemant The Trustees have a regularly reviewed Risk Regi81er in place to assess the major risks to which the charity is exposed, and are satisfied that systems are in pla¢e to mitigate exposure to the major risks. The Trustees have overall responsibility for th8 System of inlemal control for the charity. such a system, however, can provide only a re8sonable. but not absollrte assurance against fraud and error. Vvhilsl palliative care services are largely funded by the NHS and the Foundation Trust, the major risk to which the Charity is exposed is a change in government or NHS policies which may r8suIt in r@configuralion of setwice provision or reduction of funding to Hospice services, Poliues and procedures hav& been reviewed and revised in order lo mitlgate risk. Futuro Pollcy The charity is lo continue developing its strategy to maxlmiso the funding of Hosplce services Induding c051 control, expansion of fundraising aotlvity and retall operations.
ST BENEDICT'S HOSPICE, SUNDERLAND TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structurei governanco and management Sl Benedl¢Vs Hospice, Sunderland Is a chatitable company limited by guarantee, whlch was incorporated on 18 March 1993 as Sunderland Cancer Relief (R6gistered Charity No 1019410), with its Regislored Office St Benedict's Hospice & Centre for Specialist Palliative Care, St Benedlct's Way, Ryhope, Sund6rland, SR2 ONY. The overall objective of the Charity is to "promote the r@lief of sickness of persons from Sunderland and other parts of the North East of England suffering from cancer or any terminal illness or intractable pain, and in particular but without limitlng the foregoing by the provision of Hospice and day centr& facillties." The Charity works with the Sunderland and South Tynesid6 NHS Foundation Tst through a Partnership Agreement. The charitable company is governed by it8 Board ofTwstees. Tha Trustees meet monthly at whlch a full agend8 and financial statements are presented. Th& Trustees, who are also the directors for the purpose of cotnpany law, and who served during the year and up to the date of signature of the financial statements were.. Mr D Moss Dr M J Walker MsJMBray Mr C H Trivedy Mr RA Collings Ms M Bainbridge Mrs C Parry Ms M Wren Mr S Foster MrT Mallon Ms J Imlllams Dr LAlcorn (Resigned 11 November 2025) (Resign8d 18 March 2025) (Resigned 12 November 20251 (Appointed 14 January 2025 8nd resigned 11 November 2025) (Appointed 14 January 2025) (Appointed 9 September 20251 Recruitment and Appolntment of Trustees New Trustees are provided with a full induction proces5 and a pack which provid8s full infomiallon regarding all they need to know about the charity as well a8 their r&sponslbilities as TNstees, Auditor In accordance with the company's artides, a resolution proposing that Inspire Compliance Limited be reappointed as au(Jltor of the company will be put at a Goneral Meeting. Looklng Forward Our focus now is to continue to deliver 8gainst our 5-year plan and build on our new corporate and community connections. By working closely with our community we can support St Benedicl's now and into the future. As our Income generation plans grow and our team conllnue to be dedl(xled to raising the income needed to support the Hospice we understand the n8ed to invest in our eurrent team to enable our plans to be aclioned and are committed In doing this. Th@ Trustees, report was approved by the Board of Trustees.
ST BENEDICT'S HOSPICE, SUNDERLAND TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Mr D ML)SS Chairman Dated,, 10 December. 2025
ST BENEDICT'S HOSPICE, SUNDERLAND STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustaes, who are also the dlreclors of Sl Benedict's Hospic@, Sunderland for the purpose of company law, are responsible for preparing the Trusl8es' Report and the financial statements in accordance with applicabla law and United Kingdom Accounting Standards (United Kingdom Generally Actsepted Accounting Practice). Company law requlres the Truslees to prepare financial statements for èach flnancial year which give a true and fair vlew of the state ol affairs of the charity and of the incoming resources and application of resou8, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are requlred to.. select suitable accounting policies and then apply them consistently., - observ6 the methods and principles in the Charltle5 SORP. mak@judgemenls and estimates that are reasonable and prud8nt', state whether applicable UK Accounting Standards have been followed, subject to any material dèpartures disclosed and explained in the financial stalgments., and prepare the financial stataments on the going concern basis unless It Is inappropriate to presume that the charity will continue in operation, The TNstees are responsible for keeping adgquate accounting records that disc1088 With reasonable accuracy al any time the financial position of the charlty and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charily and hence for taking reasonable steps for the prevention and detection of fraud and other IegUlarl11e$. The Trustees are re8ponsible for the maintenance and integrity of the charity and financial information included on the charity's webslte. Legislatlon In the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
ST BENEDICT'S HOSPICE, SUNDERLAND INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ST BENEDICT'S HOSPICE, SUNDERLAND Opinlon We have audited the financlal statements of St Benedicl's Hospi¢e, Sunderland (the 'charily'} for the year @nded 31 March 2025 which comprise the statement of financial activilies, the balance sheet, the statement of cash flows and the notes to the financial slatem&nts. including signlficant accounting policies. Th& financlal reporting framework that has been applied in thelr preparation Is applicable law and United Kingdom Accountlng Standards, including FRS 102 Thg Financial Reporting Standany appliGable in th8 UK and R&publiG of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, th8 financlal slatemants.. give g true and fair view of the state of the charitable company's affaSrs as at 31 March 2025 and of its incoming resources and application of resource8, for th6 year Ihen ended., have been properly prepared in £¢cordancg wlth United Kingdom Generally Accepted Accountlng Practlce., and have been prepared in accordance with the r8quirements of the Charitles Act 2011. Basls for opinion We (x)nducted our audtt in accordan wrth International Standards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Aiiditors rgsponsibilities for the audit of the fJnanGial slalemgnts section of our report. We are independent of the charity in accordance with the ethical requirem6nts that ar8 relevant lo our audlt of the financial statements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other elhical responsibilities In accordance with these requiretnents. We belleve thal the audit evi4ence we have obtained 18 sufficient and approprlate to provide a basis for our opinlon. Conclusions lating to golng ¢on¢ern In auditing the financial statemenls, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have p8rformed. we have not identified any material uncertalnlies relating to evenls or conditions that. individualty or collectively, may cast significant doubt on the charity's abilily to continue as a going concern for a pèrlod of at least twelve months from when Ihe financial statements are aulhorised for issue. Our respon8ibililies and the responsibilltles of the Trustees with respect to going wncern are described in the relevant sections of this report. other Infomiatlon The oth8r information comprises the information Included in the annual report other than the financial statements and our audltor's report thereon, The Trustees are responsible for the other informalion contsined within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any fotm of assurance conclusion thèreon. Our responsibility is to read the other Information and, in doing so, consider whether the other information Is materially inconsistent with the financial statements or our knowledge obtained in the course of the audlt, or otherwise appears to be materially mlsstated. If we identify such malerlal inconsistencies or apparent material misstatements. we are required to delemlne whether this gives ris6 to a material mlsslatement in th6 financial slalements themselves. If, based on the work we have performed, we conclude thal theie is a malerlal misstatement of this othèr informatlon, we are required lo report that fact. We have nothlng to report In this regard. 141atiers on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Chariliès (Accounts and Reports) Regulations 2008 requires us to report to you If, in our opinion- the Infomiation givan In tha financial statements 18 inconsistent in any material respect with the Trustees, report., or sufficient accounting records hav8 not be@n kept,, or the financial stalements are not in agreement with Ihe accounting records,. or we have not received all the information and explanations we require for our audit.
ST BENEDICT'S HOSPICE, SUNDERLAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST BENEDICT'S HOSPICE, SUNDERLAND Responsibilities of Trustees As explained more fully in the statement of Truslees, responsibilities, the Trustees, who are also the directors of the charity for the pUSe of company taw, are responsible for the preparation of the financial statements and for being satlsfied that they give a true and fair view, and for such internal control a8 the Trustees determine is necessary to enable the preparation of flnancial statements that are free from mat&rial mlsstatemenl, whether due to fraud or 6rror. In pr8paring the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either Intend to liquidate Ihe charitable wmpany or to cease OP6ralion8, or hav& no realistic allemative but to do so. Auditorfs responsibilities for the audll of the financlal statement8 The Trustees have elected for the financial statements to b& audil8d in accordance with Ihe Charities Act 2011 rather than the Companies Act 2006. Accordingly we hav8 bean appointed aLJditors under section 144 of the Charilies Act 2011 and report in accordanc8 Wlth regulalions made under section 154 of Ihat Act. Our objectives are to obtain reasonable assurance about wheth8r the financial statements as a whole are free from maleTial misstatemant, whether due to fraud or error, and lo issue an auditovs report that includes our opinion. Reasonable assurance is a hlgh level of assurance but is not a guarantee thal an audit conducled in accordance with ISAS (UK) wlll always detect a ma18rial misstatement when it exists. Misstatemenls c8n ariso from fraud c)r error and are considered maleii81 if, individually or in the aggregate. they could reasonably be expected to influence the economic d8cision8 of users taken on the basls of these financial ststements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Our approa¢h to identifying and assessing Ihe risks of matorial misstatement in respect of irregularities. includlng fraud and norbcompliance wilh laws and regulations, was as follows- Th& engagement pather ensured thal the 8ng8gement team colleclivety had the appropriate compelance, ¢apabilities and skills lo identify or recognis6 non-complian wlth applicable laws and regulations. We identified the laws and regulations applicable to the company through discussions with Trustees and our management: We assessed Ihe extent of complIan with laws and regulations identified above through making enquiries of management and Inspecling legal COespondence., Identified laws and regulations were communicated within the audit team regularly and the team remained alert lo instances of non-complianco throughout the audit, We 8ssessed the susceptibility Df Ihe charivs financial statem@nls to material misstatement, including obtaining an undarstsndlng of how fraud might occur, by- Making enqulries ol management as to where they considered there was susceptibility lo fraud, th&ir knowledge of actual, suspected and alleged fraud; Considering the internal controls in place to mltigate risks of fraud and non-compllance with laws and regulations; and Understanding the deslgn ofthe ¢harity'8 remun@ralion policies. To address the risk offraud Ihrough management bias and override of controls, we.. Performed analytical procedures to idenlify any unusual or unexpected relation5hips', Tested journal entries lo identify unusual transactions., Assessed whelherjudg@merts and assumptions made in delemiining accounting estlmates were indicative of potential bias- and Investigated the rationale behind signlficanl or unusual transactions.
ST BENEDICT'S HOSPICE, SUNDERLAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ST BENEDICT'S HOSPICE, SUNDERLAND In response to the rlEk of irregularities and non-¢omplian¢e with laws and regulations. we designed prccedures which Induded, but wer6 not limited to: Agreeing flnancial statement disc108ures to underlying supportlng documentation. Reading the minutes of meelings of those charged with governance., Enquiring of managament as to actual and potentlal litigation and claims., and Revi6wing correspond8ncè with HMRC, relevant regulators and the companys legal advisors. Ther8 are Inherent limilalions in our audit procedures described above. The more removad that laws and regulations are from financial Iransactions. tha less likely il Is that we would become aware of norFcompllance. Auditing slandards also limit the audit pro(dures required to identify nDn-compliani with laws and regulations to enquiry of th& Trustees and other management and the inspection of regulatory and legal correspondence. if any. Material misstatements that arlse due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealmgnt or collusion. A further description of our r&sponsibilities is avallable on Ihe Financial Reporting Council's website at,, https'.11 www.frc.org.uklauditor8responsibilllies. This descrbplion fomis part of our auditorfs report. Use of our report This report is made sol@ly lo the charity's Irustees, as a body. in accordanc& with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mlght Stale lo the charity's trustees those Matte we are required to slate to them in an auditor's report and for no other purpose. TD tha fullest extent permitted by law, we do not accept or assume résponsibillty to anyone olher than the charity and the charivs trustees as a body. for our audit worf(, for Ihls report, cr for the opinions we have fomied. Richard Tait BFP ACA FCCA (Senlor statutory Auditor) for and on behalf of Inspire Compliance Limitod 10 December 2025 Chartered Accountants Stalory Auditor 6 Queens Court Third Avenue Team Valley Trading Estate Gateshead NE11 OBU Inspire Compliance LSmiled is eligible for appointment as auditor of Ihe charily by virtue of its oligibility for appointment a5 auditor of a company under section 1212 ofthe Companies Act 2006.
ST BENEDICT'S HOSPICE, SUNDERLAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted D9slgnated Restrl¢ted funds funds funds Total Total 2025 2025 2025 2025 2024 Notes Incom from.. Donations and legacies Charitable activities Other trading activiti6S Investments 675,880 33,186 1,090,347 77,430 2,475 878,355 33,186 1,090,347 77.430 1,305,515 81,167 1,087,429 50,361 Total Income 1,876,843 2,475 1,879,318 2,524.472 endituro on: Raising funds 265,761 265,761 294.420 Charitable activities 1,155,983 78,270 1,234,253 2,010.477 i)ther 13 694,287 694,287 648,653 Total resources expended 2,116,031 78,270 2,194,301 2,953,550 Net outgoing Tgsources before transfo (239,1881 (75,795) (314,9831 (429.078) Net outgoing resources before transfers (239,188) (75,795) <314.983) (429,078) Gross transfers between fund8 56,620 (50,000) 18,620} Net expenditure for the yearl Net movement in funds (182,5681 150,000) {82,415) (314,983) {429,0781 Fund balan$ at 1 April 2024 1,213,486 600,000 364,821 2.178,307 2,607,385 Fund balances at 31 Idlarch 2025 1,030,918 550,000 282,406 1.863,324 2,178,307 The 8tatement of financial activities includes all gains and losses recognised in the year. The statement of financlal activities Includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities. The statement of financial activities also complies with the requirements for an income and &xpenditure account under the Companies Act 2006, 10-
ST BENEDICT'S HOSPICE, SUNDERLAND BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Note$ Fixed assets Tangible ass@ts Investments 15 16 36,401 52,556 36,402 52.557 Curront a88ets Slocks Debtors Investments Cash at bank and in hand 17 1,582 125.40 463,805 1,334,455 5,627 82,711 448,915 1,734,500 19 1,925,242 2,271,753 Creditor8: amounts falling due withln one year 20 (98.320) (146,003) curnnt assets 1,826,922 2,125,750 Total assets less ¢urrent Ilabllttles 1,863,324 2,178,307 The fund8 of tho charity Designated funds Restricted funds Unrestricl@d funds 21 22 23 550,000 282,406 1,030,918 600,000 364,821 1,213,486 1,863,324 2,178,307 The company is entitled to the exemption from the audit requirement (xnlained In section 477 of thè Companies Act 2006, for the y@ar 8nded 31 March 2025. The directors acknowledge thelr responsibilities for complying with the requirements of the Companies Act 20Q6 with r&spect to accounting records and the preparation of financial slalements. The members have not required the company to obtsln an audlt of its fir)ancial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial Btatements have been prepared in 8ccordance with the provisions applicable to Companies subject to the small companies regime. The financial statements were approved by the Trustees on 10 December 2025 MrD Moss Trustee Company registration number 02803974 {England and Wales) 11
ST BENEDICT'S HOSPICE, SUNDERLAND STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operaling activities Cash absorbed by operations 26 {477,475) (302,203> Investlng a¢tivities Purchase of investments Proceeds from di8posal of investments Investment Income reiVed (448,82n 448,827 50,361 77,430 Net cash generated from invastlng actlvlfjes 77.430 50,361 Net cash generated from flnan¢ing activities Net decrease in cash and ca8h oqulvalents (400,045) (251,842) Cash and cash equivalents at beginning of year 1,734,500 1,986,342 Cash and cash aquivalents at end of year 1,334,455 1,734,500 The notes on pages 13 to 25 form part of these financial statements. 12-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infomiation St Benedi¢t's Hospice, Sunderland IS 8 private company lirnited by guarantee incorporated In England and Wales and as such has no share capital. The registered office is St Benedict's Hospice, Sl Benedict's Way, Ryhope, Sunderland, SR2 ONY. In the event of the charitable company being wound up, thè Members would be required to contribute an amount not @xc8eding £1. 1.1 Accounting conventlon The financial statements have been prepar8d in accordance wlth the charity's governing documer)t, the Ch8rilies Act 2011 and 'Accounting and Reporting by Charitles: Statement of Recommended Practice appliiable to charitles preparing their accounts in accordance with the Financial Reporting Standard applir%ble In the UK and Republic of Ireland (FRS 1021 {effeclive 1 January 2019) The charity is a Public Benefit Entity as d8fined by FRS 102. The flnanclal slatemen15 are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in th8se finaniM81 stslements 8re rounded to the n6arest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financi81 instruments at fair value]. The principal accounting policies adopt8d 8re set out below. 1.2 Golng concern At the time of approvlng the financial stalemen15, the Trustees have a reasonable expectalion that the ch8rty ha5 adequate resources to continue in op&ralional 8XiStence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the fir)andal statements. Although the organisation has shown a deficit thls year the Trustees still consider the going concern basis to be appropriate due to the cash reserves and investmBnts held. The organisalion has takgn mèasures to improve the posltion by seeking more funding, pushing more retail through e-commerce and reducing costs whère posslble. Vvhen making their assessment the organisation has prepared detailed forecasts to 31 March 2026. The financial statèments have been prepared on the going concern basis whi(*J assumes that the organisation wlll continue to meet its liabilities as they fall due for at least one year from the date of approval of these financial slalements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trust6es in furth6ranc& of their charitable objecliveB. Unrestricted funds include a revaluation r&serve représenting the restatement of investment assets at market values as stated in the notes to the accounts. Designated funds comprise funds which have been set aside at the discrelion of Ihe Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to thè financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may bè used. The purposes and uses of the restricted funds are sat out in the notes to the financial statements, 13-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Contlnued) 1.4 Income All incoming reserv8s are includad in the Statement of financial activities when the charity is entitled to the income and the amount can be quantffied with reasonable accuracy. The following spècific polici&s are applied lo particular oategories of Incorne- Voluntary incoma is received by way of grants, donatlons and gifts and is included in full in Ihe Statement of Financial Activities when receivable Donated Services and facilities are included at the value to the Charity where this can be quantified. The valu8 of services provided by volunteers has nol been included In these accounts. Investment incomè is included when receivable Incoming resources from grants, where related to p6rformance and spocifiG dellverables, are accounted for as the charity earns the right to consideralion by its performance 1.6 Expendituro Expendlture is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and 18 reported as part of the expenditure to which it relate5: Cost of genwating funds comprlse the costs assoclated with attracling voluntary income Charktable expenditure comprises those costs incurred by the charity in the delivery of its activitle5 and Services for its benefiLllari@s. It includ8s both costs that Can be allocated directly to such activities and those costs of an indirect nature necessary to support them Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked lo the strategic management of th8 chaiity All costs are allocatéd beiween expenditure categories of Ihe SOFA on a basis designed to reflect the use of the resource. Costs relating lo a parlicular activity are allocated dlrectly. others are apportioned on an approprial8 basis eg floor ar&as, per capila or estimated usgge as set out in the noles to the financial stalements 1.6 Tanglble flxed assets Tangible tsed assets are initially me3sur8d at cost and subsequently measured al cost or valualion, net of depreciation and any impairment losses. Depreciation is recognised so as to write off Iho cost or valuation of assets less their rosidual values over thelr useful lives on the following bases.. Fixtures and fittings Computers Motor vehicles Fixtures and fittings (shops) 150A Radu¢ing balance 25 /0 Reducing balance 25Q/o Reducing balancé Written off over the term of the first lease The gain or loss arising on the disposal cf an asset is dètermined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financlal aclivilies. 14-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles Icontlnued 1.7 Flxed asset investments Fixed asset inveslments are initially m&asured at transaction price excluding transacllon costs, and are subsequently measurad at falr value at @ach reportlng date. Changes in fair value are recognised in nel incomel(èxpendlturel for the year. Transaction costs are expensed as incurr@d. A subsidiary 18 an entity controlled by the charity. Control Is the power to govem the financial and opèrating policies of the énlily so as to obtain benefits from its activities. The organisation owns 1 sharè in the company Noth East Hospices Lottery Limited (Company regislralion Number 03540674). 1.8 Impaimient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any Sndication that Ihose assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is ostimated in order lo detennlne the extent of Ihe impairment loss (if any). 1.9 stocks Stocks are stated at the low&r of cost and net reallsable value. 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, dep051ts held at call with banks, other short-term liquid investments with original maturitleg of three rnonths or less, and bank overdrafts. Bank overdrafts are shown within borrowlngs in GUnt liabilities. 1.11 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Qiher Flnancial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial inslruments are r6cognised in the charity's balance sheet when the charity becomes paty to the contractual provlsions of tho instrument. Financial assets and li8bilitie8 are offset, with the net amounts presented In the financial stslements, when there is a legally enforceable rlght to set off the recognised amounts and there 13 an intention lo settle on a net basis or to realise the asset and settle the liability sirllultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balance5, are initially measured at transaction price includlng transaction costs and are subsequently carried at amortised cost using the effedlve interest method unless the arrangement oonslitules a financing transaction, whero the transaction is measured at the presenl value of the future roceipts discounted at a market rate of interest. Financial a3sets classified as rocaivable wilhin one year are not amortlsed. 15-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policiè8 (Continugd) Basic flnancial Ilablllues Basic financial liabilities, induding creditors and bank loans are initialty recognised al transacllon price unless the arrangement constitutes a financing Iransactlon. where the debt instrument is measured at thè prèsent value of Ihe future payrrienls discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt instruments are subsequentty carried al amorlised cost, using tha effectlve interest rsle method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, th8y ar8 pr8sented as non-current liabilities. Trade creditors aro recognised Inf(ially at transaction price and subsequently measured at amortisad cost uslng the effective inleresl method. Derecognltlon of Ilnanclal Jlabllltles Flnancial Ilabillties are derecognised when the charity's conlraclual obligations explra or arè dlscharged or cancelled. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in th8 period in which the employeg's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employment of an employee or to provide termination benefits. 1.13 Reserves policy The Charity recognises its important role in fundraising to support Sunderland and South Tyneside Foundation Trust in dealing with palliallvè care, to that extent financaal provision by way of establishing a reserve to ensure the Continuan of this support, This position will be reviewed at each accounls year end and adjusted accordingly to meet any additional financial demands in the 8UPWrt given by Ihe Charity. Above all the Charily mu81 remain flexible in its commitmen18 for the benefit of patients either diroctly or indiredty. It is the intention of Ihe Charity to exp8nd each year an amount at or aqual to Its Income on its charitable objectives. Any surplus will be invested at minimum risk so as to produce investment income to supplement the Charity's ability to meet the demand ofthe support sought. Critical accounting estimates and judgèments In the application of the charity's acoountlr)g policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associatéd assumptlons are based on historical experien(* and other factofs that are considerod to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are raviewed on an ongoing basis. Revisions to accounting estimates are recognised in the pariod in which the estlmate is revised where the revision affects only Ihat perlod, or in the period of the revision and future period5 where the revision affects both current and future periods. 16-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations and legaclÈs Unrestricted Restricted fundB funds Total Total 2025 2025 2025 2024 Donations and gifts Legacies re1vable Grant incorna Trust Fund 388.520 260,360 388,520 260,360 2,475 27,000 300,143 304,360 686,012 15,000 2,475 27,CIO0 675,880 2,475 678,355 1,305,515 Donation8 and gift$ Donations In Memory GiftAid 307,274 17,969 63,277 307,274 I7,9 63,277 244,436 15,760 39,947 388,520 388,520 300,143 Charrtable activities M8rchandls9 Education Income 0e Wish Lottery 2025 Total 2025 Total 2024 2025 21125 other income 9,021 19,840 4,325 33,186 81,167 Income from other trading actlvltles Unregtricted Unrestricted funds funds 2025 2024 Fundraising events Shop Incomo Other income 157,704 887,912 44,731 201,543 845,627 40,259 Other trading activlti&s 1,090,347 1.087,429
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Incomg from investmgnts Unrestricted Unre8trlctgd funds funds 2025 2024 Other income 77,430 50,381 Rai8ing funds Unrestricted funds Total 2025 2024 Fundraisin and ublici Fundraising travel costs Staging fundraising events Fundraising requ8sts other fundraising costs staff costs 23,954 31,147 20.205 18,140 59,632 27,384 31,731 33,389 19,122 66,386 Fundraising and publlcily 153.078 178,012 eratin costs Merchandising IT and other office costs Training activltles Staff costs 8,694 18,824 3,593 81,572 3,810 31,825 3,794 76.979 Operating $tS 112,683 118.408 285,761 294.420 18-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Hospice OP6rations 2025 Total 2025 Total 2024 Complementary therapy Variable NHS support Special NHS support Transport services Sky Couns&lling seNlces Telephone 816,012 489,985 508,875 54,047 8,584 71,781 1,129 546,076 508,724 56,511 6.899 74.722 1,422 546,076 508,724 56,511 6.899 74,722 1,422 1,194.354 1,194.354 1,948,413 Share of support costs (see note 91 Share of governance costs (see note 91 34,874 5,025 34,874 5,025 56,784 5,280 1,234,253 1,234.253 2,010,477 Analysls by fund Unrestricted funds Restrict8d funds 1,155.983 1,155,983 1,145,099 78,270 78.270 865,378 1,234,253 1,234,253 2,010,477 Support costs Support Govemanc costs costs 2025 2024 Depreciation Professional fees 16,155 18,719 16,155 18.719 23,884 32,900 Audit fees 5,025 5,025 5,280 34,874 5,025 39,899 62,064 Analysed between Charitable activilias 34,874 39,899 62,064 Governance costs includes payments to the auditors of £5,025 (2024- £5,280) for audit fees. 19-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 10 Net movement in funds 2025 2024 The net mov@ment in funds is Staled after chargingl(crediting}.' Fee5 payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 5,025 16,158 5,280 23,884 11 Trustees None of the Trustees {cr any persons connected with them} received any remuneration or benefits from the charity during the ye8r. 12 Employees The average monthly number of employees durfng the yearwas- 2025 Number 2024 Number Full lime Part Ilme 16 10 14 10 Total 24 There were no employees whose annual remuneration was £60.000 or more. 13 Other Unrestrlctsd Unrestricted fund8 funds 2025 2024 Cost of selling donated goods 694,287 648,653 694,287 648,853 14 Taxation The charity is exempt from tax on income and gains falling within section 505 ofthe Taxes Act 1988 or section 252 of the Taxation of Chargeable Galns Act 199210 the extenl that these are appliad to Its charitable objects. -20-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARGH 2025 15 Tanglble flxed assets Flxtur•$ and Iltllngs Computgr$ Motor vehicl98 Total Cost At 1 Aprll 2024 103.209 16,600 123,233 243,042 At 31 March 2025 103,209 16.600 123,233 243,042 Depreciation and 5mpairmant At 1 April 2024 Depreciallon charged in the year 7e,356 9,270 15,848 848 98,281 6.238 190,485 16,156 At 31 March 2025 85,626 16,496 104.519 206,641 Carrylng amount At 31 March 2025 17,583 104 18.714 36,401 At 31 March 2024 26,852 752 24,952 52,556 16 Flxed asset Investments Other inveslments Cost or valuation At 1 April 2024 & 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 2025 2024 Other inv8Stments comprise., Notes Investments in subsidiaries The organlsalion owns a single share in North East Hospices Lottery Limited (Company Registration Number 035406741. On the 11 February 2025 liquidators were appointed to close the company. 17 Stocks 2025 2024 Finished goods and goods for resale 1,582 5,627 21
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Debtors 2025 2024 Amounts falling due wlthin one year: other debtors Prepayments and accrued income 86,287 39,113 44,209 38,502 125,400 82,711 19 Current asset investments 2025 2024 Unlisted investments 463,805 448,915 The market value of the unlisled investments at 31 March 2025 was £551,842 (2024.. £5e3,540}, which Included an unrealised gain of £88,126 {2024'. £87,714). 2Q Credltors: amounts falling due within one year 2025 2024 other laxation and 80CI81 security Trade cr8ditors Other credllors Accwals and deferred incorne 8,545 76,251 2,149 11,375 6,973 128,875 1,770 8,385 98,320 146,003 21 Endowment funds - Dosignated funds These are @ndowmant funds which are material to the charity's actlvilies. At I April 2024 Trdll5ter8 At 31 March 2025 600,000 (50,000) 550,000 Prèvious yoar: At 1 April 2023 Transfers At 31 March 2024 600,000 800,000 -22-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 21 Endowment funds- Dosignat&d funds Icontinued) At the balance sheet date Ihe charity had a comrnitmenl to make a further £500,000 contribution to the NHS as il ha8 done in previous years. In addition the charity has made a further £50,000 available for the garden project if needed. 22 Restricted fund8 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subj8ct lo specific conditions by donors as to how they may be used. Movement in fund8 Incoming Resources ro$ourc gxpend9d Balancg at 1 Aprll 2024 Transfers Balance al 31 March 2025 Macmillan National Lottery Grant Bereavement Chlldren Hospice UK Chai NHS Funding Request Garden Project NHS Seed Funding - Staff 22,538 2,194 22,538 2,194 2,481 2.475 6,620 526 8.015 96,971 227,951 {6,620> 528 8,015 9e.750 149,902 (221) 178,049) 364,821 2.475 {78,270) (8,620) 282,406 23 Unrestricted funds At 1 April 2024 Incoming Resources resources expandèd Transfers At 31 March 2025 General funds 1,213,486 1.876,843 {2.116,031) 56,620 1,030,918 Previous ygar: At 1 April 2023 Incoming Resour¢es rÈsource5 expended Transfers At 31 March 2024 General funds 1,463,198 1,838,460 (2,088,172) 1,213,486 -23-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 AnalysiE of nat assets bgknveen funds Unrestrlctsd De8ignated Restrlcted funds funds funds 202S 2025 2025 Total Total 2025 2024 Fund balance5 at 31 March 2025 are represented by.. Tangible assets Inveslmènls Currenl asset811liabilitias} 36,401 36,401 52,556 994.516 550,000 282.406 1,826,922 2,125,750 1,030,918 550,000 282,4fM 1,863,324 2,178,307 25 Related party transacllon5 The organlsation owns a Share In North East Hospice8 Lottery Limlled. During the year donations were made to the organis8tion of £4,32512024.' £40,654). This income is shown in other income. 26 Cash generated from operatlons 2025 2024 Deficit for the year (314,983) (429,078) Adjustments for.. Investment Income recognised in statement of financi81 activities Depreciation and impalrment of tangible fixed assets 177,430) 16,155 (50,361) 23,885 Mov&ments in working capital.. Decrease in stocks (Increase)Idecrease in d&btors (Decrease) in creditors Dec8asel(increase) in investments 4,045 {42,689) (47,683) (14,890) 571 672.804 (612.194) 92,170 Cash absorbed by operatlons 1477.475} (302,203) -24-
ST BENEDICT'S HOSPICE, SUNDERLAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 Revislon of defective financial staten)ents These accounls have been amended to ¢orrect the Ilst oftrustèes for the financial year ended 31 March 2025. No othèr Changes have been mada to the accounts of the financial information. Approval statsment I regard to this revision of the financial statements by supplementary not&,, This note revi8es in certain respects the original annual financial statements of the company and Is to be treated as forming part ofthose financial statements. and The annual financial statements have been revised as at the dale of the original annual financial statemenls and not as at the date of revision and accordingly do not deal with events between those dales. Th& revlsed flnancial stalemenls were approved by tho tmslees and authorised for issue on 14 January 2026 and are signed on its behalf by: Mr D Moss Trustee -25-