WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Company Number: 2808633 WILLOWBROOK HOSPICE Annual Report 2023124 A NOTE FROM OUR PATRON: In what was another year of uncertainty for everyone, l am pleased to see that Willowbrook Hospice has had a stable year, both financially and in the delivery of their services. As I said last year in this very document, Willowbrook is a place of outstanding care and a special organisation for me and therefore, l am honoured to be a patron of the hospice. Last January, I had the pleasure of attending an enjoyable evening at Willowbrook, presenting the Volunteering awards to some very special people. Volunteering is a key part of the culture of hospices and I know that Willowbrook is incredibly reliant on its volunteers, who provide support in so many areas: in the shops, on reception or helping to run fundraising events, as just some examples. It was a pleasure to be invited to attend this evening and to share in the celebration and take the opportunity to say thank you to these wonderful members of our community. If you have a few hours to spare each week, why not contact the hospice - there will be a place for you, I'm sure! On behalf of everyone who benefits from the committed teams at Willowbrook, thank you for your support: I'm proud to be involved with such an outstanding organisation. Roger Johnson, Journalist and Broadcaster Willowbrook H05pice (Limiledby Gu¢7rantee) Report oAthe Trustees yeorended.. 31 Morch 2024 Reglsteied Charity 1020240 Compony Nt72808633 FROM OUR CHAIR: I would like to open by thanking Alan Chick, our previous board chair, for having successfully led the organisation with so much passion and commitment. Alan dedicated over 25 years to Willowbrook, initially as a trustee and then as chair, supporting the growth and development of the hospice and navigating us through the difficult times of Covid 19. Alan completed his term in November 2023 leaving a wonderful legacy, and we wish him and his family good health and happiness in the future. I first joined the charity as a trustee in 2020, and initially took on the roles of lead trustee for our Technology and Finance committees. l am delighted and honoured to now be leading the board as chair and look forward to supporting our talented Executive Leadership Team and building on our shared achievements from the last few years. You may have read that many hospices are experiencing significant financial challenges due to restrictions in government funding and the economic pressures that we are all currently facing. However, l am pleased to report that Willowbrook is able to continue its essential work thanks to the oVe￿helmIng generosity of you, our community of donors and supporters. As is the case with many other hospices, we have had to manage our finances prudently, but as these annual accounts show, we remain on a solid financial footing, albeit we cannot be complacent. The future for the hospice is still challenging, but also there remain opportunities for us to grow the provision of our crucial services across St Helens and Knowsley in the coming years. I look forward to leading the board in this work, knowing that this is all only possible thanks to the incredible support we receive from individuals and companies to whom Willowbrook means so much. On behalf of all our staff, volunteers and patients, thank you for your continued support. lan Craig, Chair of the Board of Trustees Wlllowbrook Hospke (Llmltedby Guorontee} Report of the Tmstees yeorended.. 31 Morch 2024 Registered Chority 1020240 Company No 2808633 Executive Leadership Team It has been another busy year for the ELT: overseeing the completion of our hospice refurbishments and launching new initiatives to benefit more patients in our community. Members of our senior nursing team worked alongside local district nurses, providing additional specialist input to help patients across St Helens and Knowsley. This pilot was so successful, we decided to extend this work with the support of a fantastic grant from the Oliver Lyme Charity, this allows us to fulfil one of our key strategic aims of 'Willowbrook without walls, _ reaching out into our community to increase the numbers of people that we can support when diagnosed with a life-limiting diagnosis. For 24125, growing our partnerships is another key aim for the ELT as we develop existing and new relationships with the many local companies who choose to support Willowbrook hospice. Many of our corporate supporters volunteer with us or provide donations through sponsorship or 'gifts in kind,. If you would like to support our work or find out more details of how you can become involved, please get in touch with us via: eneral willowbrookhos ice.or Executive Leadership Team From left.. J. Dr Paula Powell (Medical Director) Alun Owen (Corporate Director) Lynda Finney (Clinical Director) WlllowbfookHospke (Llmitedby Guomntee) Repwtolthe Trustees yeor endeb.. 31 Morch 2024 Registered Ch¢Trity 1020240 Compony No2808633 Some highlights from the year: Volunteer celebration afternoon tea in the marquee Staff and trustees at the volunteer awards ceremony with our patron, Roger Johnson Lovely Fiona the donkey making a visit to patients {and staffl) Celebrating St Helens Pride [11 I I:. wl11owbm￿ Hospke (Llmltedty Guornnteej fteport olthe Trustees yeorended.. 31 Morch 2024 Registered Chority1020240 ComponyNo 2808633 Some of our very glamourous staff volunteering at the Strictly Ball Two of our equally glamourous volunteers - Gwen Mccabe and Hilary Christopher- tending the planters at the Living Well café Welcoming Ruth du Plessis- Director of Public Health, St Helens and Cllr Anthony Burns to Willowbrook A very special fundraising evening at Prescot Parish Church starring Heather Small Willowbrook Hospice (Limitedby Guorontee) Rtportolthe Trustee5 yegrenderf.. 3J Morch 2024 Registered Chofity 1020240 ComponyNo 2808633 Preparing for the grand opening of our new shop in Kirkby shopping centre (opened in 24125) ,•) Willowbrook Hasixte(Limitedby Gu¢7rontee) Report of the Tnjstees yeur ended.. 31 Morch 2024 Re9lStered Chority 1020240 Compony No 2808633 REPORT OF THE TRUSTEES AND CONSOLIDATED ACCOUNTS 2023124 CONTENTS Review of 2023124 Reference and Administrative Details Structure, Governance and Management Trustee appointment record 10 Trustee Assurance Groups 11 Charity Objectives and Activities 14 Achievements and performance in 2023124 15 Financial Review 17 Audited Accounts 19 Organisational Chart 44 Wlknwbrook HospkelLlmltedbyGuorontee} Re￿ of the Trustees yeorended.. 31 Morch 2024 RegNsteredChurity 1020240 Compony No2808633 REFERENCE AND ADMINISTRATIVE DETAILS The Trustees are pleased to present their strategic report and accounts of the charity for the year ended 31 March 2024. The acGounts have been prepared in acGordanGe with the aGGounting poliGies reported in the audited accounts and comply with the Companies Act 2006 and Accounting Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in acGordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland Published in October 2019. Charity name: Willowbrook Hospice Charity number.. 1020240 Company number: 2808633 Executive Leadership Team: Clinical Director (and registered manager): Lynda Finney Medical Director.. Dr Paula Powell Corporate Director: Alun Owen Registered Office: Portico Lane PRESCOT Merseyside L34 2QT Auditors: Livesey Spottiswood Chartered Accountants & Registered Auditors 17 George Street ST HELENS Merseyside Bankers: National Weslminster Bank plc PO Box 25 5 Ormskirk Street ST HELENS Merseyside WA10 1DR Willowbrook Hospice (Limited by Guor¢7nteeJ Report of the Tnistees yearended.. 31 Morch 2024 Reoi5tered Chority 1020240 Compuny No 2808633 STRUCTURE, GOVERNANCE AND MANAGEMENT Directors and Trustees The directors of this charitable company (Willowbrook hospice) are its trustees for the purpose of charity law. The trustees serving during the year were as follows: Dr Karen Beeby Kevin Gallimore Sarah Carberry Dame Elaine Inglesby Alan Chick (as Chairman until 27.11.23 Ken Stringer (until 27.11.23) and as a trustee until 22.1.24) Dr Michael G Van Dessel lan Craig (as Chairman from 27.11.23) Dr Alan Baron Jon Dobson Gary Ward Steven Fairhurst Christine Martin (until 17.4.24) Christine Buckley (until 17.6.24} Allan Sansbury James Toohey (from 18.11.24) Dave Pugh (from 18.11.24) Michelle Price (from 18.11.24) Willowbrth* Hosiw(e (Limitedby Guorantee) Report oAthe Trustees year ended.. 31 Morch 2024 Re9lsteredChority 1020240 Compony ND 2808633 4 * rty ¢J C£CQ(nLLL) ffj(Y) cccx IIJO) C <￿￿o- o>Eo) 1191111 fj)v o IP 5 years). These investments are for capital growth over the long term and would typically be represented by equities. No more than 25 % of total funds will be invested in long term investments. however, in the exceptional circumstances of a sudden windfall receipt or of strong market performance, this percentage may be exceeded. Any such exception will be reviewed at each Board Meeting. Trustees, responsibilities in relation to the financial statements The trustees (who are also the directors of Willowbrook hospice for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Irustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the hospice and of the incoming resources and application of resources, including the income and expenditure, of the hospice for that period. In preparing those financial statements, the trustees are required to:_ Select suitable accounting policies and Ihen apply them consistently Observe the methods and principles in the Charity SORP Make sound judgments and estimates that are reasonable and prudent., and State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that Willowbrook hospice will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the hospice and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Statement as to Disclosure of Information to Auditors In so far as the trustees are aware: _ there is no relevant audit information of which the hospice's auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. The Report of the Trustees, incorporating a Strategic Report was approved by the trustees as the Company's directors on 25 November 2024 and signed on their behalf by: Alun O n (Secretary) 18 WillowbrookHosi¥ce (Limitedby Guoronteej Report olthe Trustees yeorended.. 31 Morth 2024 Regi5teredChority 1020240 C(Impany No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WILLOWBROOK HOSPICE Opinion We have audited the financial statements of IV¥fjllowbrook Hospi￿ (the'parent charitable company,) and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities. the Balance Sheets, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounts"ng Practice), In our opinion. the financial statements: give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 March 2024 and of its incoming reSoUr￿S and application of reSoUr￿s. including its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006 Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section ofour report. We are independentofthe group in accordance wilh the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with those requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, 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 performed, we have not identified any material Un￿rtaInlieS relating to events or conditions that. individually or collectively, may cast doubt on the group's and parent charitable company's ability to continue as a going concern for a period of at leasl twelve months from when the financial statements are authorised for issue, Our responsibilities and the responsibilities of the truslees with respect to going concern are described in the relevant sections of this report. Other Informatlon The trustees are responsible for the other information. The other information comprises the information included in the trustee's annual report, other than the financial statements and our report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and except to the extent otherwise explicitly stated in our report, we do not express any fomi of assuran￿ conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whetherthere is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 19 Wlllowbrook Hosplce{Umltedty Guorontee) Reportolthe Trustees yeorendeLI.. 31 Murth 2024 Reglstered Chority 1020240 CL*npony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WILLOWBROOK HOSPICE Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Report of the Trustees has been prepared in accordance with applicable legal requirements Matters on which we are required to report by exception In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of Ihe following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Ihe trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the parent charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibilltles for the audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordancewith ISAS (UK) will always detect a material misstatementwhen it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. However, the primary responsibility for the prevention and detection of fraud rests both with those charged with governance of the entity and management. 20 Wlllowbrook Hosplce(IlmltedtyGu&ronteeJ Report oJthe Trustees yeorended.. 31 Murch 2024 Registered Chority 1020240 Company No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WILLOWBROOK HOSPICE Our approach was as follows:_ Discussions with management and those involved in Ihe financial reporting process including consideration of known or suspected instances of non-compliance with laws and regulations central to the group's and parent charitable company's ability to operate, and fraud; Evaluation and testing of the operational effectiveness of management's controls designed to prevent and detect irregularities- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or of significant monetary amounts; and Review of the rationale for the calculation of key accounting estimates in the financial statements and testing of the accuracy of these calculations. There are inherent limitations in the audit procedures described above. The further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or .uklauditorsres onsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. do nol ac￿pt or assume responsibility to anyone other than the parent charitable company and the parent charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Mr Andrew Mcminn FCA For and on behalf of Livesey Spottiswood Chartered Accountants & Statutory Auditors 17 George Street St Helens Merseyside WA10 1DB Date: 21 Willowbr￿N0Sp1re (Limitedby Guomnteej Report of the Trustees year ended.. 31 Morch 2024 Reglsteied Charlty 1020240 Company No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments other income 946,330 1,679,334 2,498,254 152,908 23,809 379,728 154,499 970,139 1,602,826 2,059,062 1,948,186 2,652,753 2,441,648 152,908 62,765 Total income 5 322 900 558 036 5 880 936 6 104 829 Expenditure on: Raising funds 1,597,835 1,597,835 1,442,888 Charitable activities 3793817 556 787 4350604 3748618 Total expenditure 5 391652 556 787 5948439 5 191506 Net (expendlture)lincome from Operating actlvlties for the year (68,752) 1,249 (67,503) 913,323 Net (loss)Igain on investments Net Income for the year 99 198 31,695 30.446 1,249 869,973 Transfer between funds 180 981 180 981 Net movement In funds 211,427 (179,732) 31,695 869,973 Reconciliation of funds Total funds brought fopNard at 1 April 2023 7 469 881 2 368 799 9 838 680 8 968 707 Total funds carried forward at 31 March 2024 The consolidated statement of finanGial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The notes on pages 26 - 44 form part of these accounts 22 Willowbrook 1105pi(e (Limitedby Guomnlee) Report of the Trustees yeorended.. 31 MoJTh 2024 Reglsteredchorlty 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) COMPANY NUMBER: 2808633 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Investments Tangible assets 14 15 1,703,866 4 198 769 5,902,635 604,668 4 134460 4,739,128 Current assets Stock Debtors Cash at bank and in hand Treasury deposits 16 17 1,129 391,160 2,019,244 2 069 942 4,481,475 9,755 458,470 3,209,677 2015000 5,692,902 Current liabilities Creditors.. amounts falling due within one year 18 513 735 593 350> Net current assets 3 967 740 5 099 552 Total assets less current Ilabllltles 9,870,375 9,838,680 Total net assets The funds of the charity: Unrestricted funds Unrestricted funds held in langible fixed assets Designated funds Restricted funds Non-charitable trading funds 19 5,323,758 4,796,431 19 19 20 19 2,033,554 275,530 2,189,067 1,913,277 752,465 2,368,799 Total funds The accounts were approved by the trustees and signed on their behalf on 18 November 2024 by:_ TRUSTEE TRUSTEE The notes on pag - 44 form part of these accounts 23 Willowbrook Hos&wce (Llmitedby Guoronreej Reportolthe Trustees yeor ended.. 31 Morch 2024 Registered Chority 1020240 Compony No 2808S33 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE} COMPANY NUMBER: 2808633 CHARITY BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Fixed asset investments Tangible fixed assets 14 15 1,703,872 4 125 855 5,829,727 604,674 4 125866 4,730,540 Current assets Debtors Cash at bank and in hand Treasury deposits 17 286,669 1,920,437 2 069 942 4,277,048 502,804 3,037,494 2015000 5,555,298 Current Ilabilities Creditors: Amounts falling due within one year 18 454 866) Net current assets 3 992 182 5 100432 Total assets less current liabilitles 9,821,909 9,830,972 Total net assets The funds of the Charity: Unrestricted funds Unrestricted funds held in langible fixed assets Designated funds Restricted funds 19 5,323,758 4,796,431 19 19 20 2,033,554 275,530 2 189 067 1,913,277 752,465 2 368 799 Approved by the trustees and signed on their behalf on 18 November 2024 by... TRUSTEE TRUSTEE The notes on pag s 26 - 44 form part of these accounts 24 willowbr1￿ 1105pi(e {LimitedbyGugrfjnteeJ Report ofthe Trustees yeof ended.. 31 M(Jrch 2024 Re9iStefed Chorlty 1020240 CompLTrty No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Note Cash flow from operating activities Cash generated from operations 1752 379 Net cash (used) I provided by operating activities (64,935) 1,752,379 Cash flows from investing activities: Purchase of tangible fixed assets Purchase of fixed asset investments Charibond and Charifund income I nterest received (223,348) (1,000,000) 28,142 124 650 (66,242) 23,116 Net cash used in investing activities 1070 556 Change In cash and cash equivalents in the reporting period (1,135,491) 1,748,902 Cash and cash equivalents at 1 April 2023 5 224 677 3 475 775 Cash and cash equivalents at 31 March 2024 Reconclllatlon of net Income to net cash flow from operating activities 2024 2023 Net (expenditure) l income from operating activities for the reporting period (67,503) 913,323 Adjustments for: Depreciation charges Loss on sale of tangible fixed assets Investment income Decreasel(Increase) in stocks Decrease in debtors (Decrease)Ilncrease in creditors 159,039 163,485 76 (62,765) (1,752) 589,723 150 329 {152,792) 8,626 67.310 Net cash (used) I provided by operating activities 25 WillowbrookHospice (LlmitedtyGuoronteeJ Report of the Trustees yeorended.. 31 Morch 2024 Registered Ch¢irity 1020240 Comptiny No2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and the Companies Act 2006. The hospice meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othemise stated in the relevant accounting policies. The financial statements are prepared in sterling which is the functional currency of the charity. Legal status of the Charity The charity is a company limited by guarantee and has no share capital. In Ihe event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The charity is incorporated in England & Wales. The registered office is shown within the reference and administrative details section of the trustee report. Significantjudgements and key sources of estimation uncertainty The most significant areas of judgement and key assumptions that affect items in the accounts are in relation to estimating depreciation and support costs. Group financial statements The financial statements consolidate the results of the charity and its wholly owned subsidiary Willowbrook Hospice Trading Company Ltd. A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. Funds Funds held by the charity are either: Unrestricted general funds are funds, which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The aim and use of each material designated and restricted fund is set out in the notes to the financial statements. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. 26 Wlllowbrook Hospke ILlmltedtyGuoroftteeJ Reportof the Trustee5 yeorended.. 31 Morch 2024 Registered Chofity 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies (continued) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met. it is probable that the income will be received and the amount can be measured reliably. Vvhere income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities. Donations* grants and gifts These are included in the Statement of Financial Adivities (SOFA) when: the charity becomes entitled to the donation, grant or similar income and any conditions for receipt are met, the trustees are reasonably ￿rtain they will receive it; and the trustees are reasonably ￿rtain that the value can be reliably measured Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year end are accounted for in income and accrued income within debtors. Income from NHS contracts, government and other grants. whether 'capital' grants or 'revenue' grants, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount Can be measured reliably. For legacies, entitlement is taken on a case by case basis as the earlier of the date on which the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Interest on deposit funds held is included when re￿1vable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank. Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place. Donated goods and services Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably. Donated fixed assets are similarly taken to income at the value lo the charity with the item being capitalised in fixed assets. 27 Wlllowbrook Hoswe(Llmitedby Guoronteej Report oJrhe Trustees yeorended.. 31 Morth 2024 Regislered Charity 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies (continued) Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis under the following headings: Costs of raising funds comprises fundraising costs incurred in seeking donations, grants and legacies; costs of fundraising activities including the costs of goods sold, shop costs, commercial trading and their associated support costs. Fundraising costs do not include the costs of disseminating information in support of the charitable activities. Expenditure on charitable activities includes the costs of providing specialist palliative care and support, community servI￿s, research and other educational activities undertaken to further the purposes of the charity and their associated support costs. Irrecoverable VAT is charged as a separate cost within expenditure on charitable activities. Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance cost, finance and office costs. Support costs are allocated to each of the activities on one of the following basis: either floor space, staff time or staff headcount depending on the nature of the support costs, to best allocate the costs to each attributable heading. Costs are allocated between direct charitable and other expenditure according to the nature of the cost. Where items invoSve more than one category, they are apportioned between the categories according to the nature of the cost. Leased assets Rentals payable under operated leases are charged against profits on a straight line basis over the periods of the leases. Assets acquired under finance leases and hire purchase contracts are capitalised as tangible fixed assets and are depreciated in accordance with the accounting policy on depreciation. The related obligations net of finance costs allocated to future periods, are included in creditors. Finance costs are charged as an expense on a straight line basis over the periods of the contracts. Volunteers The value of the seNices provided by volunteers is not incorporated into these financial statements. Further details of their contribution is provided in the Report of the Trustees. Fixed assets Fixed assets are capitalised at cost, where acquired or management's approximate valuation of cost where donated. Items with a value of less than £500 are not capitalised. 28 WillowbroDkH05pke (Limitedby Guorontee) Report of the Trustees ye¢7rended.' 31 Morch 2024 Re9lStered Chority 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies (continued) Depreciation Depreciation is provided to write off the cost or revalued amount, less an estimated residual value, of all fixed assets evenly over their expected economic useful lives on a straight line basis as follows'.- Land and Buildings Furniture and Equipment Computer Equipment Motor Vehicles 50 years Straight Line and 10 years Straight Line 5-7 years Straight Line 2-4 years Straight Line 4 years Straight Line The need for any impairment of a fixed asset write-down is considered if there is concern over the carrying value of an asset and is assessed by comparing that carrying value against the value in use or realisable value of the asset when appropriate. Investments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing quoted market pri￿. The Statement of Financial Activities includes Ihe net gains and losses on revaluation and disposals throughout the year. The charity does not acquire put options, derivatives or other complex financial instruments. Stock Stock of retail goods is included at the lower of cost or net realisable value on a first in first out basis. Donated items of stock for resale or distribution are not included in the financial statements until they are sold or distributed because the Trustees consider it impractical to be able to assess the amount of donated stocks as there are no systems in pla￿ which record those items until they are sold and undertaking a stock take would incur undue cost for the charily which far outweighs the benefits. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. 29 Willowbrook Hospice (LimitedtyGuorontee) Report of the Trustee5 yegrended.. 31 Morth 2024 Registeredchortity 1020240 ComponyNo 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies (continued) Income from trading subsidiary Turnover of the subsidiary is the total amount receivable by the company for goods and services provided, excluding VAT plus lottery income. Lottery income is accounted for in respect of Ihose dra￿￿ that have taken pla￿ in the year. Trading Income is recognised at point of sale for both donated and purchased goods. Realised and unrealised gainsl(losses) on investments All realised and unrealised gains and losses are taken to the statement of financial activities as they arise. Realised gains and losses on investment are calculated as the difference between the sales proceeds and the original cost of the investment. Unrealised gains and losses are calculated as the difference between market value at the end of year and opening market values. Penslon costs Willowbrook Hospice contributes to defined benefit contribution scheme on behalf of certain former National Health Service employees. These contributions are fixed by reference to quinquennial valuations by the Government Actuary. The company also operates a defined contribution pension scheme for other employees. Contributions payable for the year for both schemes are charged in the Statement of Financial Activities. Going Concern The trustees consider Ihat there are no material uncertainties about Willowbrook Hospice's ability to continue as a going concern. 30 Wi71owbrookH05pice (limitedby Guonmtee) Report olthe Trustees yeor ended.'31 March 2024 Re9lstefed Charlty 1020240 Compuny No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Unrestricted Restricted 2024 2023 Donations General donations Donated seNices Donated from fundraising events In memoriam Charitable trusts 189.519 189,519 10,409 217,638 98,736 257,434 10,409 217,638 98,736 170,767 124,286 75 000 All donations in the previous year relate to unrestricted funds. 2024 Total 2023 Total Unrestrlcted Restricted Legacies Legacies All legacies in the previous year relate to unrestricted funds. 2024 Total 2023 Total Unrestricted Restricted Grants B&Q Foundation - Bathroom refurbishment Duchy of Lancaster- Therapy Suite Refurbishment 9,400 9,400 All grants in the previous year relate to unrestricted funds. Total donatlons and legacles 31 Wlllowbrook Hosplce{Llmltedby GvoronteeJReport of the Trustees yeur ended.. 31 Morch 2024 Re9i5tered Chority 1020240 Compony No2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Unrestricted Restricted Income from charitable activities Core funding Discharge & District Nurse funding Speciality Doctor income Out of area CCG funding Pharmacy costs 24 Hour helpline NHS Pensions Clinical Leadership IAlhiston Consultants salary funding Occupational Therapist funding 1,567,507 1,567,507 1,510,548 150.000 110,000 65,087 33,420 46,740 36,340 113.849 116,658 48,100 43,600 8,674 8,332 18,288 18,288 31,000 150,000 65,087 46,740 113.849 48,100 8,674 18,288 The income from charitable activities last year was £1,948,186 of which £1,580,308 was unrestricted and £367,878 restricted. 2024 Total 2023 Total Unrestrlcted Restrlcted Income from other trading actlvltles Income from trading subsidiary (note 8) Events organised by the Hospice 2,290,230 197,524 2,290,230 2,250,700 197,524 135,470 Training programmes 154499 164 999 The income from other trading activities last year was £2,454,420 of which £2,398,942 was unrestricted and £55,478 reslricted. 2024 Total 2023 Total Unrestrlcted Restrlcted Investment income Charibond and Charifund income 28,142 28,142 23,116 Interest on cash held at bank Other interest received 124,650 116 124,650 116 39,649 All investment income in the previous year relates to unrestricted funds. 32 Willowbrik)kHospice Ilimittdby Guoron¢eeJ ReportoJthe Trustees yearended.. 31 Mt7rch 2024 Reglstefed Charity 1020240 Comptsny No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Other income 2024 Total 2023 Total Unrestricted Restricted Catering income Other income Room hire 23,006 618 23,006 618 16,924 2,940 All other income in the previous year relates to unrestricted funds. Expenditure on raising funds 2024 Total 2023 Total Unrestrlcted Restricted Fundraising salaries Other direct fundraising costs Rent and rates Support costs (note 10) Fundraising trading: Cost of goods sold and other costs (note 8) 1289 472 213,034 62,442 9,393 23,494 213,034 62,442 9,393 23,494 186,876 51,938 10,186 22,098 1289 472 1171790 All expenditure in relation to raising funds in the previous year relates to unrestricted funds, 33 Illowbrook Hospke (Ilmitedby Guomnteej Report of the Trustees yeorended.. 31 Morch 2024 RegNsteredChurity 1020240 Compony No2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Fundraislng trading: cost of goods sold and other costs In accordance with its Memorandum and Articles of Association, the trading subsidiary pays to the registered charity, whether by way of Gift Aid or otherwise, such sums as after due provision for the financial requirements of the business, shall absorb or extinguish profits which otherwise would be available for distribution. A summary of its Irading results is shown below:_ 2024 2023 Income Sale of goods Lottery income Covid-19 government grants Alexandra Suite room hire 1,720,243 1,655,923 547,852 579,034 10,685 5.058 2,290,230 2,250,700 Cost of sales and administrative expenses 1289 472 1171790 Proflt for the year Gift aid donations to parent charity The assets and Ilabllltles of the subsldlary were:. Fixed assets Current assets Creditors: amounts falling due within one year 72,914 204,427 228 869 8,594 276,480 277 360 Total net assets Aggregate share capital and reserves 34 "Ilowbrook Hospt¢e (Limitedby Gu¢7ronteeJ Report of the Trustees ye¢7rended.. 31 March 2024 Registeredchority 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total 2023 Total Unrestricted Restricted 9 Expenditure on charitable activities Medical and nursing salaries Occupational therapist Uniforms Nursing supplies Discharge & district nurse collaboration Catering salaries Other catering costs Cleaning and maintenance salaries Other cleaning costs Repairs, renewals and maintenance Refurbishment costs Training and recruitment Insurance Travel costs Equipment hire Heat, light and water Printing, postage and stationery IT and computer maintenance Security Helpline Volunteer drivers and taxis Irrecoverable VAT Depreciation - leasehold buildings fixtures and fittings Support costs (note 10) 1,699,045 214,345 1,913,390 38,699 38,699 2,927 118,747 16,742 136,661 54,988 227,750 15,012 102,301 429,793 6,975 21,940 10,493 1,744,676 40,000 1,596 120,984 2,927 4,898 113,849 16,742 136,661 54.988 227,750 15,012 99,764 410,902 3,891 21,940 10,493 126,660 54,318 211,392 21,004 96,410 126,480 40,622 19,848 9,874 3,980 78,916 14,196 39,663 76,088 30,561 3,880 17,255 116,811 24,218 729 186 2,537 18,891 3,084 128,265 13,041 38,428 78,540 128,265 13,041 42,641 78,540 29,187 5,302 23,413 120,791 15,920 797 086 4,213 29,187 5,302 23,413 68,778 15,508 734 271 52,013 412 Of the total expenditure in the previous year of £3,748,618 a total of £3,309,569 was unrestricted and £439,049 restricted. 35 Willowbrook Hoswe (Limitedby Guorantee) Reportof the Trustees yeorended.. 31 Morch 2024 Reglstered Chority 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 10 Support costs Charitable Activities Fundraising Activities 2024 Total 2023 Total Management and administrative salaries Printing, postage and stationery IT and computer maintenan Telephone and fax Miscellaneous expenses Depreciation- fixtures & fittings. computer equipment and motor vehicles Loss on disposal of tangible fixed assets Audit and accountancy fees Professional fees 613,938 19,561 72,136 4,714 42,674 23,494 637,432 594,154 19,561 21,302 72,136 59,495 4,714 4,367 42,674 27,985 20,196 20,196 20,601 76 7,200 8,600 8,600 Support costs have been allocated to activities on the most appropriate basis. Management and administrative salaries have been allocated by proportion of time spent on the activity. 11 Staff costs Group Charlty 2024 2023 2024 2023 Wages and salaries Employers Nl Pensions 3,204,573 287,384 230 149 2,953,966 257,872 212591 2,668,473 245,330 206 207 2,451,455 224,314 187 989 The average number of employees of the charity analysed by function was'.- Group Charity 2024 2023 2024 2023 Direct charitable Management and administration Fundraising and publicity 51 48 16 25 51 48 14 25 36 Willowbrook Ilospict(Limitedby Guorunteej Report oAthe Trustees yeorended.. 31 Morch 2024 Reglstered Chorlty 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 11 Staff costs (cont Numbers of employees who received remuneration in eX￿sS of £60,000 are listed below:_ Group Charity 2024 2023 2024 2023 £60,000 - £70,000 £70,000 - £80,000 £80,000 - £90,000 £100,000- £110,000 Indemnity insurance for the trustees is covered at a premium of £494 (2023- £316). None of the trustees received any emoluments or expenses during the current or previous years. The total remuneration paid in respect of the group's key management personnel was £306,926 (2023 - £315,202). 12 Net Income for the year before taxatlon The net incoming resources for the year before taxation is stated after charging: 2024 2023 Depreciation of owned assets Loss on sale of tangible fixed assets Operating leases - land and buildings Auditors, remuneration Auditors, remuneration - non audit services 159,039 163,485 76 121,933 9,700 3,208 127,539 13,900 4,400 13 Taxation No liability to UK corporation tax arose on trading activities either for the year ended 31 March 2024 or for the previous year. 37 Willowbrook Hospice (Limitedby Guon7ntee) Report of the Trustees yeorended.. 31 Mofch 2024 Reglstered Chorlty 1020240 Company No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 14 Flxed asset investments a) Fixed asset Investments Group M&G Charifund Equities Investment Coutts & Co Fund Investment M&G Charibond Fixed Interest Fund Total Market value at 1 April 2023 333,026 271,642 604,668 Additions 1,000,000 1,000,000 Nel unrealised investment gainl(loss) 101528 Market value as at 31 March 2024 Historical cost at 31 March 2024 Charlty As above Investment in subsidiary company 1,703,866 38 Willowbrook Hosplce(Llmltedby Guoronteej Report olthe Trustees year ended.. 31 Morch 2024 Regtisteredchority 1020240 ComponyNo 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS {continued) FOR THE YEAR ENDED 31 MARCH 2024 Fixtures Fittings & Computer Equipment Equipment Land & Buildings Motor Vehicles 15 Tangible fixed assets Total Group Cost At 1 April 2023 Additions Disposals At 31 March 2024 5,870,750 80,112 625,376 136.130 220,426 7,106 28,099 6,744,651 223,348 Depreciation At 1 April 2023 Charge for the year Elimination on disposal At 31 March 2024 1,831,702 120,791 536.261 32,509 214,129 5,739 28,099 2,610,191 159,039 Net book value At 31 March 2024 At 31 March 2023 Charlty Cost At 1 April 2023 Additions Disposals At 31 March 2024 5,870,750 80,112 512,132 69,678 217,578 7,106 5,000 6,605,460 156,896 Depreciation At 1 April 2023 Charge for the year Elimination on disposal At 31 March 2024 1,831,702 120,791 431,611 30,377 211,281 5,739 5,000 2,479,594 156,907 Net book value At 31 March 2024 At 31 March 2023 The net book value of land and buildings is comprised of: 2024 2023 Freehold land and buildings Long leasehold land and buildings 536,624 3 461745 549,369 3 489 679 03 All fixed assets are used in direct furtherance of the charity's objects. 39 Wimowbrook Hospke (Llmltedby Guoronteel Report of the Trustees year ended.'31 Morch 2024 Re9iStered Chority 1020240 Company No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 Group Charity 2024 2024 2023 2023 16 Stocks stocks Group 2023 Charity 2024 2024 2023 17 Debtors VAT Amounts due from subsidiary company Other debtors Prepayments & accrued income 81,254 63,605 56,724 45,398 138,876 15,083 303 447 138,955 170 951 25,987 368 878 121,400 108 545 Group Charity 2024 2024 2023 2023 18 Creditors: amounts falling due within one year Trade creditors Social security and other taxation Other creditors and accruals 200,922 73,731 239 082 234,605 64,045 294 700 98,264 63,256 123 346 214,328 54,907 185 631 40 WiUowbrookHospice (Limitedby Gtwruntee) Report olthe Trustees year ended.. 31 March 2024 Reglstered Churlty 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestricted funds Unrestricted Funds Held in Tangible Fixed Designated Unrestricted Assets Funds Funds Non Charitable Trading Funds Total Balance at 1 April 2023 1,913,277 752,465 4,796,431 7,708 7,469,881 Movement in funds in the year 120,277 (589,122) 639,514 40,758 211,427 Transfer between funds 112 187 112 187 Balance at 31 March 2024 Funds have been designated for the following purposes: IT expenditure Trading company improvements Redevelopment of Hospice Contingencies District nurse support services Fundraising 22,280 42,352 66,090 25,048 110,000 The Irustees expect the above designated funds to be spent in the next 12 months. 41 Willowbrook Hosplce (Llmltedty Guomnteej Re￿rt olthe Trustees yeor ended.. 31 Morch 2024 Reglstered Charity 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 20 Restricted funds Movement in Resources Balance at Incoming Expenditure & 1.4.23 Resources Transfers Balance at 31.3.24 SIFT- Medical student training Merseyside & Cheshire Cancer Network - Funding for education and training Oliver Lymes Charity Discharge & district nurse collaboration Chesire & Merseyside ICB - Funding for pharmacy costs Funding towards NHS Pension Scheme Funding for Helpline Discharge & district nurse collaboration Therapy ServI￿S "The Llving Well" Project - Funding from Social Investment Business Funding from Medicash Bladeless fans St Helens CCG. Funding for computer equipment IT equipment Annexe Fund- Funding towards building of annex Help the Hosplces - Room to Care Day Therapy Unit Fund- Funding towards building of day therapy unit 547,263 Community Foundations - Funding for car park lighting Ravensdale Trust- Funding for kitchen equipment Groundworks at Living Well St James Place - Funding for Rehab Suite Refurbishment Fund- Funding towards Hospice refurbishment MOU Grant. Clinical Leadership John Lewis- Interior designer donated service B&Q Foundation - Funding for bathroom reburbishment Duchy Of Lancaster - Funding for Therapy Suite refurbishment 154,499 (154,499) 20,076 (3,084) 16,992 150,000 (150,000) 113,849 8,674 48,100 (113,849) (8,674) {48,100) (110,000) (40,817) 110,000 40,817 408.500 4,300 1,600 (9,500) (100) 399,000 4,200 1,600 10,866 15,328 (10,866) (7,663) 7,665 561,292 (15,379) 545,913 642,180 (15,290) 626,890 (10,945) 536,318 1,433 (37) 1,396 1,366 1,940 (1,024) (49) 342 1,891 8,678 {125) 8,553 33,977 (588) 33,389 18,288 (18,288) 10,409 {10,409) 9,400 (8,482) 918 42 Willowbrook Hospke(limltedby Guoronteej Reportolthe Trustees yearended.. 31 March 2024 Registered Chority 1020240 Compony No 2808633 WILLOWBROOK HOSPICE (LIMITED BY GUARANTEE) NOTES TO THE CONSOLIDATED ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2024 21 Analysls of group net assets by fund Creditors Within One Year Fixed Assets Current Assets Total Restricted funds Unrestricted funds held in Tangible fixed assets Designated funds Unrestricted general funds 1703 866 2,165,215 23,852 2,189,067 2,033,554 2,033,554 275,530 5 372 224 275,530 4 182093 513735 22 Pension costs The charity contributes to defined benefit schemes providing benefits based on final pensionable pay on behalf of certain former National Health Service employees. The scheme is a multi-employer scheme as defined by FRS102, and it has not been possible to identify the charity's share of the underlying assets and liabilities. As a resull all pension costs for the charily will be reported on a defined contribution basis. These contributions are fixed by reference to quinquennial valuations by the Government Actuary. The charge for Ihe year amounted to £119,420 (2023 - £121,393). The group also operates defined contribution pension schemes for certain olher employees and the charge for the year was £94,239 (2023 - £91,198). 23 Subsldlary undertaklng Included in the group accounts are the accounts of l+lAllowbrook Hospice Trading Company Limiled, a company operating within the United Kingdom. Willowbrook Hospice Trading Company Limited is controlled by the Trustees of the Charity by the shareholding and in accordance with its Memorandum and Articles of Association and the principal activity of the trading subsidiary is as detailed in the Trustees, Report. 24 Operatlng lease commltments The total future minimum lease payments are as follows:_ Group Charity 2024 2023 2024 2023 Land and buildings Operating leases which expire: Within one year Between one and five years 5.250 300 459 5,000 139 358 5,250 300 459 5,000 139358 Other Operating leases which expire: Within one year Between one and five years Greater than five years 487 79.779 95,073 61,642 42,921 25 Related party disclosures During the year the Charity paid £1,368 (2023 - £Nil) for goods from a company in which the trustee, Mr S Fairhurst, is a director and shareholder. Normal commercial terms applied. 43 Willowbrl*￿ Hospice(Limitedby Guorontee) Report of the Trustees yeorended.. 31 Morth 2024 Reqistered Churity 1020240 Company No2808633 vo