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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 02799789 (England and Wales) REGISTERED CHARITY NUMBER: 1025442

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BEAUMOND HOUSE COMMUNITY HOSPICE

BEAUMOND HOUSE COMMUNITY HOSPICE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 3 to 10
Report of the Independent Auditors 11 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Financial Statements 16 to 28

BEAUMOND HOUSE COMMUNITY HOSPICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report and the audited financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ in preparing the annual report and financial statements of the charity.

OBJECTIVES AND ACTIVITIES Objectives and aims

Charitable objectives

The objective and principal activity of Beaumond House Community Hospice (Beaumond House) is that of promoting the welfare of people with a life limiting or terminal illness and to provide support for their carers. Anyone registered with a Newark and Sherwood GP can be referred or can self-refer for any service if referral criteria is met. To achieve this Beaumond House secures funding from local statutory bodies, organisations, individuals and by operating charity shops.

Charitable aims

Beaumond House is a nurse-led community hospice serving those in our community who have a life-limiting condition with palliative care needs. Our aim is to provide professional, personalised care, delivered in a home from home setting or in a person's own home. Patients and their families frequently comment on the warm and happy atmosphere they experience. We have committed staff who do all that they can to provide a quality service, delivered with care, compassion and respect. The well-being and safety of patients and carers is essential, and we work hard to provide a safe, effective, caring, responsive and well-led service.

Our values underpin everything we do:

  1. Patient Centred, we ‘go the extra mile’ – Every life matters and every moment matters; patients and their families and friends are at the centre of everything we do.

  2. Value and Support Our People – All of our people are important and highly valued, and we support and develop them to be at their best.

  3. Openness and Honesty, Creating a Safe Environment – We provide a safe environment in which feelings may be openly expressed and acknowledged with sensitivity and honesty.

  4. Collaboration – We provide a unique and special range of services, in collaboration with our partners in the End of Life Care Alliance.

  5. Efficiency, Caring, Professional – We provide good stewardship of our resources and operate in a professional, caring and efficient way.

Significant activities

All of Beaumond House's services are free and continue to be available thanks to the generosity of the communities we serve.

Volunteers

Around 170 (148 in 22/23) regular volunteers give up their time to help the charity and support across every area of the charity: in our shops and fundraising activities and in our hospice, keeping our garden alive and colourful for patients to look onto; in the kitchen, on Reception through to Day Therapy. The trustees are very grateful to all of our volunteers for their commitment and support.

Public benefit

The trustees have had regard to Charity Commission guidance on public benefit in accordance with the Charities (Accounts and Reports) Regulations 2008 when reviewing our aims, objectives and current activities also in planning our future activities.

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BEAUMOND HOUSE COMMUNITY HOSPICE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

We continue our drive to improve the quality and effectiveness of our services. Some of the achievements we are most proud of during the past 12 months include:

Table of clinical activity

The table below details clinical activity undertaken during the year compared to the previous year.

Indicator 2023-2024 2022-2023
New referrals 337 311
In- patient episodes 1157 1204
Bed occupancy 95% 82%
Average length of stay 8 nights 10 nights
Day therapy attendances 2,249 sessions 2,161 sessions
Hospice at Home hours delivered 4,577 4,500
Bereavement support 348 sessions 262 sessions
Complementary therapy 578 sessions 422 sessions

We adhere to stringent infection control measures to protect our patients, which continued throughout 2023/24. Following the relaxing of Covid regulations we have been able to welcome patients and carers back to benefit from our complementary therapy which was previously suspended.

What Some of the People We’ve Supported Have Told Us

I would like to say a huge thank you to all staff who recently cared for my dad before he sadly passed away in Beaumond House. He received the best care which was dignified at all times and was a big comfort to myself and my mum after we had had a very bad experience with the Hospital. Thank you so much.

The care & support mum is receiving is above and beyond our expectations. The whole staff are extremely warm and friendly. Outstanding. Mum is very happy here and we know she is in safe hands.

Thank you for all the love and care you gave my late brother, you made an awful time more bearable.

I don’t think you could improve, your constant care and the food excels.

Myself and my brother would like to thank you for your brief but recent care, for our dad in his last days. You were absolutely amazing, and so lovely, really caring and compassionate. Thank you for the calls following my dads passing, making sure we are alright and knowing that you are there at the end of the phone if needed.

I feel involved in all aspects of day therapy. I am always willing to involve myself in all the varied activities. Staff encourage all of us to get the best out of the activities.

I feel included and made very welcome by everyone. I look forward to day therapy each week.

I realise how very fortunate we were that he was able to stay at home as I've heard from so many people about how sad it was in Covid time, not to be able to be with one's dear ones at all either during their illness or at the time of their death because of Covid restrictions. We were so fortunate to be there until his last breath, thanks to all of you.

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BEAUMOND HOUSE COMMUNITY HOSPICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Financial position

For the year ended 31 March 2024, the charity made a surplus of £309,578, this included an unrealised gain on investments of £27,364. Our net assets at 31 March 2024 were £2,872,140 of which, £42,851 are restricted, £697,351 were represented by tangible fixed assets and £240,000 represented as investment property. There are free reserves of £1,891,938, which covers 12 months unrestricted expenditure.

Principal funding sources

The charity is funded in part by way of a payment under a Service Level Agreement from the Newark & Sherwood NHS Clinical Commissioning Group. Income arising from this source amounts to 28% (2023 32%) of the total day to day running expenditure. The majority of funds required have to be raised within the local community and are dependent on the generosity of individuals and organisations. In addition to operating four shops, fundraising includes income from the community, events, individual donations, businesses, and trusts. Legacy income is not relied on for the day to day running of the hospice but is an important source of funds enabling the development of existing or new services. The charity greatly values the kindness shown by all its supporters who include donors and customers of our shops; those who fundraise on our behalf; all those who took part in our challenge events and Beaumond House events and initiatives.

A significant amount of our income comes from charitable Trusts and Foundations (See page 19) and we are incredibly grateful to those organisations.

Fundraising

The past year has been a dynamic one for the fundraising team at Beaumond House, as we navigated through significant staffing changes in the department. After a decade of service, our esteemed Head of Fundraising and Communications bid farewell to retirement. This departure, coupled with an existing vacancy for a Fundraising Administrator, led to a reshuffling of roles. Our Events and Community Fundraiser rose to the occasion, assuming the Head of Fundraising position. By the close of Q3, we were thrilled to welcome a full, robust team onboard. The Trustees also approved an uplift in hours for the Trusts and Foundations Manager, making this a full-time post.

Our fundraising events continued to thrive, generating over £100,000. The Newark Dragon Boat Festival stood out, marking its fourth year with a record-breaking £23,000 raised for each partnering charity. Community efforts nearly matched this success, amassing just under £72,000, thanks to the unwavering support from activities like static collection tins and bag packing.

The generosity of legacy gifts was unprecedented, with over £740,000 bequeathed to us. A single, extraordinary gift accounted for more than £530,000 of this total. These legacies are a testament to the lasting impact of Beaumond House, underscoring the importance of a robust legacy campaign for our future.

Despite a challenging landscape, our Trusts and Foundations sector performed admirably, securing close to £125,000. The Albert Hunt Trust granted us £30,000, a significant contribution towards our core operating costs. While competition for large grants intensifies, we remain committed to showcasing the value and impact of Beaumond House to both established and emerging benefactors.

Our individual donors have shown remarkable loyalty, contributing over £120,000 this fiscal year. Regular supporters alone brought in over £55,000. Beaumond House continues to excel in regular giving, and we are actively exploring strategies to engage new donors and encourage existing ones to increase their contributions.

Investment policy and objectives

The board has appointed independent Investment Managers to invest funds surplus to immediate requirements in investments quoted on the London Stock Exchange. The objective of the Investment Policy is to protect the value of the assets of the charity, to maintain the real value of the portfolio and to generate returns that exceed the return available on cash deposits. The board monitors the performance of the funds in accordance with the policy on a regular basis. The investment policy takes account of social, environmental, and ethical considerations to the extent that the trustees believe is reasonable.

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BEAUMOND HOUSE COMMUNITY HOSPICE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

FINANCIAL REVIEW

Reserves policy

The board has considered the reserves necessary for the continued operation of the Hospice in order to provide on-going supportive palliative care to patients with life limiting or terminal illnesses and their families.

The board considers it necessary to carry reserves (excluding tangible fixed assets) equivalent to 12 months of 'normal' Hospice operation and adequate liquid funds to support the charity in the event of there being the opportunity to develop additional services or in the event of there being changes to the current funding streams. According to the Reserves Policy agreed November 2023, the board set a target of £2,000,000 reserves in order to cover one year’s staffing costs, other operating costs and property maintenance.

At 31 March 2024, unrestricted funds stood at £2,829,289. However, of this amount, £937,351 represents tangible fixed assets and investment property leaving £1,891,936 of general funds which is lower than the target level set by the board. Therefore, although funds are in a satisfactory position overall the board will continue their efforts to strengthen them.

FUTURE PLANS

The main focus for this new financial year is fully restoring and building on our levels of service, to ensure those who need us can receive our support.

We have a lot of researching and planning to carry out, and while we envisage that it will be a 2-4 year project, we will be announcing our commitment to redesigning and delivering a fit for the future brand new bedded unit.

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BEAUMOND HOUSE COMMUNITY HOSPICE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Beaumond House Community Hospice is a charitable company limited by guarantee, incorporated on 16th March 1993 and registered as a charity on 1st September 1993. The company was set up under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The company is exempt under Section 60 of the Companies Act 2006 from using the word Limited in its name. The charity operates from 32 London Road, Newark, Nottinghamshire NG24 1TW which is also its Registered Office.

Recruitment and appointment of new trustees

As set out in the Articles of Association, trustees are appointed by the board of trustees and retire by rotation. Trustees who have served during the year and since the year end are disclosed in the company information. The company secretary is Mr I Phillips.

Organisational structure

Our board of trustees share ultimate responsibility for governing Beaumond House Community Hospice and they are direct how it is managed and run. There are five sub-committees which ensure governance and scrutiny on all aspects of Beaumond House ways of working including: care services; human resources; finance and facilities; fundraising and marketing and; governance, risk and scrutiny.

Trustees are specifically recruited to work with the organisation and have a variety of business skills to support and underpin good practice. The trustees are always looking at ways to develop the activities of the charity and fundraising opportunities. Full Board meetings are held once a quarter.

Joining in March 2023, the trustees appointed a new full time Chief Executive Officer, Louise Sinclair, who has day to day responsibility for the operations of the charity.

Induction and training of new trustees

New board members undergo a formal, tailored induction programme on joining. The programme includes background information about Beaumond House Community Hospice, details of meeting procedures, board members' responsibilities, including trustees' duties under the Companies Act 2006, and governance-related issues including the time commitment expected of board members. Trustees are also encouraged to attend appropriate external training events where these will facilitate their understanding of the role.

Key management remuneration

The trustees consider the Leadership Team, made up of the Chief Executive Officer and Heads of Clinical Services, Fundraising & Marketing and Finance as comprising the key management personnel of the charity with the delegated authority of the running and operating of the charity on a day-to-day basis.

All trustees give of their time freely and no remuneration was paid to trustees in the year.

Related parties

Trustees are required to disclose all relevant interests and register them with the chief executive officer and in accordance with charity's policy withdraw from decisions where a conflict of interest arises. Details of trustees’ expenses and related party transactions are disclosed in note 27 to the accounts.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees actively review the major risks which the charity face on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.

The charity has completed risk assessments in support of fire safety, health and safety, food hygiene and infection control. All specific fundraising events are subject to individual risk assessments. Where risks have been identified, action has been taken to minimise them and insurance cover has been taken out where considered prudent.

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BEAUMOND HOUSE COMMUNITY HOSPICE

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02799789 (England and Wales)

Registered Charity number 1025442

Registered office

32 London Road Newark Nottinghamshire NG24 1TW

Trustees

G Cameron C P Hoskins Dr K E Moloney Dr D F B Money I Phillips D A Tomkinson H Price Dr J A Barker – resigned 11th November 2023 D M Abrams – resigned 11th November 2023 J L Folkes – appointed11th November 2023 H L Hume – appointed 11th November 2023 P L Taylor – appointed 11th November 2023 P M Whur – appointed 11th November 2023 C H Lowe – appointed 11[th ] November2023 N H Payne – appointed 11th November 2023

Key Management

Louise Sinclair – CEO Karen Brown – Head of Clinical Services Sarah Bakewell – Head of Finance Matt Colbourne – Head of Fundraising and Marketing – Appointed 1st September 2023 Cathy Lowe – Head of Fundraising and Marketing – Retired 20th September 2023

Company Secretary

I Phillips

Auditors

Wright Vigar Chartered Accountants Registered Auditor 15 Newland Lincoln Lincolnshire LN1 1XG

Bankers

NatWest Business Banking 9 Oozells Street Birmingham B1 2HS

Virgin Charity Deposit Account Virgin Money Gosforth Newcastle Upon Tyne NE3 4PL

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BEAUMOND HOUSE COMMUNITY HOSPICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Investment Advisors

Brooks Macdonald Somerset House 37 Temple Street Birmingham B2 5DP

Solicitors

Payne & Gamage Solicitors 48 Lombard Street Newark Nottinghamshire NG24 1XP

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BEAUMOND HOUSE COMMUt41TY HOSPICE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The tru5tee5 Iwho are also the dlrectors of Beaumond House Communlty Hosplce for the purposes of company lawl are responsible for preparing the Report of the Trustees and the ffinancial statements in accordance with applicable law and United Kingdom counting 5tsndard5 (United Kingdorn Generally A￿pted Accounting Practice). Company law requlres the trustees to prepare financial ststements foreach financialyear. which give o true and fairview Df the stste of affairs of the charitsble company and of the incoming re50urce5 and application of resources. including the income and expenditure. of the charltable company for that period. In preparing those financial ststements, the trustees are required to: 5elert Suitable accounting policie5 and then apply them tonsistently- obsèrve the methods and princlples in the Charity SORP (2019) {FRS 102)- makejudgements and estimates that are reasonable and prudenL state whether applicable UK Accounting Standards have been followed. subject to any mater131 departures d15closed and explained In the financial statements; prepare the financial statements on the going con￿rn basts unless It Is Inappropriate to presume that the charitsble company wlll contlnue In business. The trnstees are responslble for keeplng proper accounting reconls th3t disclose with re350nable accurat¥ at any time the financlal posltion of the charitable company and enable them to ensure that the financial statements comply with the Companies kt 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularitie In 50 far as the trustees are aware= there is no relevant audit information ol which the charitable company'5 auditors are unaware- and the trustee5 have taken all Steps thatthey ought to have taken to rnake themsetves aware of any relevant audit Information and to establish that the audttors are aware of that infomiatkjn. AUDITORS The auditors, Wrlght Wigar. will be proposed for re4ppointment atthe forthcoming Annual General Meeting. Approve byo r of the board of trustees on 06 November 2024 and sisned on its behalf by: I Phillips- Trustee

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BEAUMOND HOUSE COMMUNITY HOSPICE

Opinion

We have audited the financial statements of Beaumond House Community Hospice (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors’ report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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 whether there 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the 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 the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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REPORT OF ThE INDEPENDENT AUDITORS TO THE MEMBERS OF BEAUMOND HOUSE COMMUNITY HOSPICE Responslbllltles of trustees As explained more fully in the Statement of Trustee's Responsibilities, the trustees (who are also the directors of the charitsblÉ company for the purposes of company lawl are responsible for the preparation of the financi315tatements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees deterrnine is nece55ary to enable the preparation of financial statements that are free from material misstatement. whethÈr due to fraud or orror. In preparing the financial statements. the trustees are responslble for assessTng the charitable company's ability to continue as a Eoing concern, disclosinL as applicable, matters related to golng concem and using the Eolng concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic altematNe but to do so. Auditorf responsibilities for the audit of the financial statemerts Our objectives are to obtain reasonable assuran￿ about whether the fina￿lay statements as a whole are free from material migstat@m@nt. whether due to fvaud or error. and to issue an auditor￿ report that includes our opinion. Reasonablè assurante is a high level of assurance but is not a guarantee that an audit condutted in accordance with ISAS IUKI will always detect a material mi55tatement when it exists. Misststements can arise from fraud or error and are considered material if, indwidually or in the aggregate, they could reasonably be expected to influence the economic declsions of users tsken on the basls of these flnanclal 5tstements. Our work Is performed to include an assessment of the suxeptibilty of the entity's financial ststements to material misststement, Includlng the rlsk of fraud. Owing to the inherent limttatlons of an audlL there Is an unavoldable rlsk that materlal mlsststements In the flnanclal ststements may not be detected, even t￿Ugh the audit Is properly planned and performed In accordance wlth the ISAS IUKI. In Identlfying and assessing risk of materlal misstatement in respett of Irregularitles. Includlng fraud and non-compliance with laws and regulations, our procedures Included the following: We plan our work to gain an understanding of the signrficant laws ond regulations that are of signrficance to the entity and the sertor in which they operate. We perfomi our work to ensure that the entity is complwng with its legal and regulatory framework. We obtained an understanding of how the Charity 15 comptying with those legal and regulatory frameworks by making inquiries to the managemertt and people tharged with governante. We assessed the susceptlblllty of the Charity's financial ststements to material misstatement. Includlng how fraud mlght occur. Audit procedures performed by the engagement team included- 5ubstantlve procedures performed In accordance with the ISAS IUK). Challenging 05sumption5 and judgments made by management in its 5ignrficant accounting estimates. Identifying and testing journal entries. in particular material journal entries and an assessmÈnt of year end joumals. - AssÈssing the extent of compliance wlth the relevant laws and regulations. A further descrlpt5on of our responslblllWes for the audlt of the financlal ststements Is located on the Flnanclal Reportlng Councll's website at www.frc.or auditorsres onsibilÉties.This description fornis part of our Report of the Independent Auditors. Use af our report This report is made solely to the charitablecompany's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Att 2006. Our audit work has been undertaken so that we might stste to the charitsble company's members those matter5 we are required to stste to thern in an auditors, report and for no other purpose. To the fvllest extent permTtted by law. we do not accept or assume responsibility tr> anyone other than the tharitsbie company and the charitsble company's member5 as a body. for our audit work, forthis ￿port. orfofts opinionswe have formed. Paul Colcomb FCCA (Senior Statutory Auditor) for and on behalf of Wright Wigar statutory Auditor 15 Newland Llncoln Lincolnshire LNI IXG Date: 06 November 2024

BEAUMOND HOUSE COMMUNITY HOSPICE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
NHS grant for the provision of hospice services
3
Other trading activities
4
Investment income
5

Total income
EXPENDITURE ON
Raising funds
Costs of raising voluntary income
6
Costs of raising shop income
7
Costs of other fundraising activities
8

Charitable activities
Provision of hospice services
9

Total expenditure
(Loss)/ profit on the revaluation of Investment Property
Net (losses)/ gains on investment

NET INCOME/(EXPENDITURE)
Transfers between Funds
Net movement in Funds

RECONCILIATION OF FUNDS
Total funds brought forward

TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
Funds
Funds
2024
2024
£
£
982,513
78,639
551,702
-
592,604
-
40,217
-

2,167,036 78,639
73,629
-
287,341
-
171,925
_-
532,895
-
1,358,504
72,062
1,891,399
72,062
-
-
27,364
-
27,364
-
303,001
6,577
-
-
303,001
6,577
2,526,288
36,274
2,829,289
42,851		 Total
Funds
2024
£
1,061,152
551,702
592,604
40,217
2,245,675
73,629
287,341
171,925
532,895
1,430,566
1,963,461
-
27,364
27,364
309,578
-
309,578
2,562,562
2,872,140		 Total
Funds
2023
£
772,314
536,571
320,262
19,010
1,648,157
51,349
189,997
187,233
428,579
1,262,359
1,690,938
(75,000)
(31,961)
(106,961)
(149,742)
-
(149,742)
2,712,304
2,562,562

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These notes form part of the financial statements

BEAUMOND HOUSE COMMUNITY HOSPICÉ BALANCE SHEET AT 31 MARCH 2024 Unrestficted Funds 2024 Restritted Funds 2024 Total Funds 2024 Totsl Funds 2023 Notes FIXED ASSEfs Tanglble assets Investments Investment property 16 17 697,351 697,351 719,110 937.353 937.353 959,112 CURRENT ASSETS Stocks Debtors Investmerrts Cash at bank and In hand 19 20 21 2.888 136.689 490,967 1355 802 2,888 136,689 490,967 1398 6S3 2,895 276,646 460,059 1.986.346 42,851 2,029,197 1,683,448 CREDITORS Amounts falling due wlthin one year 22 NET CURRENT ASSErs 1891936 1934 787 1603 450 TOTAL A5SET5 LESS CURRENT LIABILITIES 72 FUNDS Unrestricted funds Restrlcted funds TOTAL FUNDS 24 2.829.289 2,829.289 2,526,288 These Pinancial 5taternents have been prepared In accordance wlth the wovisions applicable to charitable companies subjett to the small companies, regime. The ftnancial atements were approved by the board of tnJstee5 on 06 November 2024 and wère signed on its behalf by.- I Phillips- Trustee These notes form part of the finan￿ statements

BEAUMOND HOUSE COMMUNITY HOSPICE

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities:
Cash generated from operations
26
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Purchase of investments
Sale of investment property
Sale of investments
Dividends
Interest received
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
The change in cash and cash equivalents comprises;
Change in cash at bank and in hand
Change in cash held in investment portfolios
Cash and cash equivalents comprises:
Cash at bank and in hand
Cash held in investment portfolios		 2024
£
462,219
462,219
(37,857)

(66,475)

-

57,462

9,748

24,239
(12,883)
449,336
957,678

1,407,014

£
454,805
(5,469)
449,336
1,398,653
8,361
1,407,014

 2023
£
2,490
2,490
(87,519)
(79,368)
135,000
57,153
8,410
2,080
35,756
38,246
919,432
957,678
£
46,249
(8,003)
38,246
943,848
13,830
957,678

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BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Beaumond House Community Hospice is a charitable company. The address of the principal office is given in the company information on page 8 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. These 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 Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared on a going concern basis under the historical cost convention with the exception of investments which are included at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These polices have been consistently applied to all years presented unless otherwise stated.

Income

All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

16 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES – continued

Expenditure

Expenditure is recognised on an accrual basis as a liability incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings, they have been allocated to costs of raising funds and expenditure on charitable activities on a basis consistent with the use of the resources.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include professional fees and costs linked to the strategic management of the charity.

The analysis of these costs is included in note 10.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost
Fixtures and fittings - 33% on cost
Medical equipment - 33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is recognised in the Statement of Financial Activities.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Funds held by the charity are either:

General funds - these are funds which can be used in accordance with the charity's objectives at the discretion of the trustees.

Designated funds - are unrestricted funds set aside at the discretion of the trustees for specific purposes. The designated fund for fixed assets is that part of unrestricted funds representing fixed assets held which cannot reasonably be expected to be realised in short term.

Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for a particular restricted purpose.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.

17 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES – continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors and creditors

Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities.

Current asset investments

Investments are initially recognised at their transaction value and subsequently measured at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year-end and opening market value (or purchase date if later).

Going concern

The financial statements have been prepared on a going concern basis as at the time of approving the financial statements the trustees believe that no material uncertainties exist and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The forecast income and expenditure is sufficient with the level of funds for the charity to be able to continue as a going concern.

Judgements and key sources of estimation uncertainty

The trustees do not believe that any accounting judgements or estimates have been applied to these financial statements that have a significant risk of causing a material adjustment to the carrying value of assets and liabilities within the next financial year.

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BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

2. DONATIONS AND LEGACIES

Donations and special efforts
Legacies
Grants

Grants received, included in the above, are as follows:
Arnold Clark
ASCONA
Blakemore Foundation
BNA
Charles Littlewood Hill
Charities Trust
Co-op Community Fund
Duncan and Toplis
Gusto Community Fund
Freemasons Grand Charity
Hospice UK
Institute of Cemetery and Crematorium Management
Lloyds Bank Foundation
Masonic Charitable Foundation
Mansfield Building Society
Municipal General Charity
Newark and Sherwood DC Start up Grant
Lloyds Bank Foundation
Lincolnshire Co-Op HQ Community Fund
Nfu Mutual
ORR Mackintosh Foundation Ltd
The Albert Hunt Trust
The Bereavement Trust
The George Reed Memorial HQ
The Gray Trust
The Grace Trust
The Headley Foundation
The Jessie Spencer Trust
The Jones 1986 Charitable Trust
The Kobler Trust
The Mary Potter Convent
The Mary Robertson Trust
The TK Max and Homesense Foundation
Sir John Eastwood Foundation
The Thomas Farr Charity
The Thoresby Charitable Trust
Williamson Benevolent Trust
Anonymous

 2024
£
350,962
585,376
124,814
1,061,152
2024
£
-
-
300
20,000
5,000
10
-
-
-
300

-
-
500
-
-
3,000
1,661
-
13,343
-
5,000
30,000
-
1,000
-
1,250
3,950
1,000
25,000
-
-
-
-
2,500
-
1,500
2,500
7,000
124,814		 2023
£
323,818
380,099
68,397		 2023
£
323,818
380,099
68,397

772,314
2023
£
1,000
2,000
130
-
-
-
1,763
300
1,300
-
-
12,000
-
150
500
1,250
-
875
-
6,379
-
20,000
2,750
1,000
1,000
-
-
1,000
-
500
1,000
3,000
1,000
2,500
5,000
-
-
2,000

68,397

The hospice benefits greatly from the involvement of its many volunteers, details of which are given in the Report of Trustees. In accordance with FRS 102, the economic contribution of volunteers is not recognised in the financial statements.

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BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

3. NHS GRANT FOR THE PROVISION OF HOSPICE SERVICES

4.

Activity
Newark & Sherwood NHS Clinical Commissioning Group grant
Provision of hospice services
Grants received, included in the above, are as follows:
Newark & Sherwood NHS Clinical Commissioning Group grant
OTHER TRADING ACTIVITIES
Shop income
Other fundraising activities		 2024
£
551,702
2024
£
551,702
2024
£
514,898
77,706
592,604		 2023
£
536,571
2023
£
536,571
2023
£
269,706
50,556
320,262

Income from other trading activities includes income earned from both trading activities to raise funds for the charity and income from fundraising events. To fall within this heading, the income must be received in exchange for supplying goods and services in order to raise funds for the charity. This includes shop income selling donated goods, income from fundraising events, sponsorships, and other miscellaneous fundraising activities.

5. INVESTMENT INCOME

Rents received
Dividends
Bank and building society interest
 2024
£
6,230
9,748
24,239
40,217		 2023
£
8,520
8,410
2,080

19,010

6. COSTS OF RAISING VOLUNTARY INCOME

Payroll (fundraising staff)
Support costs - governance
Fundraising establishment costs
Fundraising costs
Telephone
Postage and stationery
Repairs
Cleaning
Bank charges
 2024
£
44,223
9,371
5,342
11,236
159
687
628
-
1,983
73,629		 2023
£
26,381
10,400
8,524
884
669
2,937
580
247
727
51,349

20 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

7. COSTS OF RAISING SHOP INCOME

Payroll (shop staff)
Support costs - governance
Shop establishment costs
Shop repairs
Telephone
Postage and stationery
Cleaning
Depreciation - freehold property
Depreciation – fixtures and fittings
Sundry expenses		 2024
£
162,619
9,371
60,956
3,650
1,849
2,565
2,517
1,573
22,073
20,168
287,341		 2023
£
106,422
10,399
51,632
1,935
1,305
1,325
1,654
1,573
8,960
4,792
189,997

8. COSTS OF OTHER FUNDRAISING ACTIVITIES

Payroll (fundraising staff)
Support costs - governance
Fundraising establishment costs
Fundraising costs
Telephone
Postage and stationery
Repairs
Cleaning
Investment management costs
Bank charges
COSTS OF CHARITABLE ACTIVITIES
Payroll (care staff)
Support costs - governance
Training
Travel expenses
Establishment costs
Telephone
Postage and stationery
Advertising
Cleaning
Repairs
Sundry expenses
Professional fees
Bank charges
Depreciation - freehold property
Depreciation - fixtures, fittings and equipment
Depreciation - medical equipment		 2024
£
107,374
18,741
7,164
31,326
638
407
1,200
-
4,446
629
171,925
2024
£
1,021,113
149,931
7,268
16,641
40,984
5,898
702
1,529
10,641
24,126
61,358
45,227
9,180
14,824
15,936
_5,208
1,430,566		 2023
£
105,522
20,799
34,097
662
2,677
11,748
2,320
989
5,510
2,909
187,233
2023
£
908,024
166,390
697
17,297
58,706
5,592
-
1,911
7,704
15,814
36,345
12,086
7,138
16,154
5,299
3,202
1,262,359		 2023
£
105,522
20,799
34,097
662
2,677
11,748
2,320
989
5,510
2,909
187,233

9. COSTS OF CHARITABLE ACTIVITIES

21 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

10. SUPPORT COSTS

Year ended 31 March 2024

Costs of other
Costs of
Costs of raising
Costs of raising
fundraising
providing hospice
Voluntary income
shop income
activities
services
£
£
£
£
Governance
Payroll (administration staff)
8,761
8,761
17,522
140,177
Accountancy
107
107
214
1,710
Auditors’ remuneration
377
377
755
6,040
Establishment
126
126
250
2,004
9,371
9,371
18,741
149,931		 Total
£
175,221
2,138
7,549
2,506

187,414

Year ended 31 March 2023

Costs of other
Costs of
Costs of raising
Costs of raising
fundraising
providing hospice
Voluntary income
shop income
activities
services
£
£
£
£
Governance
Payroll (administration staff)
8,960
8,960
17,920
143,350
Accountancy
1,023
1,023
2,046
16,368
Auditors’ remuneration
323
323
645
5,159
Establishment
_ 94
93 ___188
1,513
10,400
10,399
20,799
166,390		 Total
£
179,190
20,460
6,450
_ 1,888
207,988

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024
£
Depreciation - owned assets
59,616
Other operating leases
4,912
Auditors’ remuneration
7,550		 2023
£
35,188
8,155
6,450

12. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees Remuneration

During the period the total remuneration paid to Trustees was £nil (2023: £nil).

22 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Shop and fundraising
Office and management
Care assistants and house staff		 2024
£
1,377,170
95,008
38,372
1,510,550
2024
Number
18
11
49
78		 2023
£
1,210,297
81,948
33,294
1,325,539
2023
Number
15
11
46
72

One employee received emoluments in excess of £60,000 during the years ended 31 March 2024 and 2023.

In addition, approximately 170 (2023 - 148) unpaid volunteers have helped the charity during the year.

23 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

14. PENSION CONTRIBUTIONS

The amount of pension contributions deducted from staff but not paid to the pension providers at 31 March 2024 was £6,104 (2023 - £6,136).

15. MATERIAL LEGACIES

Legacy income is only included as income where the legacy has been received or both the receipt and the amount is known with sufficient certainty.

16 . TANGIBLE FIXED ASSETS

Freehold
Fixtures and
Medical
property
fittings
equipment
£
£
£
COST OR VALUATION
At 1 April 2023
833,134
416,364
90,709
Additions
-
24,838
13,019
Disposals
-
__-
-

At 31 March 2024
833,134
441,202
103,728
DEPRECIATION
At 1 April 2023
196,794
338,702
85,601
Charge for year
17,727
36,680
5,209
Eliminated on disposal
-
-
__-
At 31 March 2024
214,521
375,382
90,810
NET BOOK VALUE
At 31 March 2024
618,613
65,820
12,918
At 31 March 2023
636,340
77,662
5,108		 Totals
£
1,340,207
37,857
__-
1,378,064
621,097
59,616
__
680,713
697,351
719,110

17. FIXED ASSET INVESTMENTS

Shares in group
undertakings
£
MARKET VALUE
At 1 April 2023 and 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 2
At 31 March 2023 2

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

24 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

17. FIXED ASSET INVESTMENTS - continued

Beaumond House Trading Limited

Registered office: Registered in the United Kingdom Nature of business: Dormant

%
Class of share:
holding
Ordinary
100
Aggregate capital and reserves
INVESTMENT PROPERTY
MARKET VALUE
At 1 April 2023 and at 31 March 2024
Net Book Value
At 31 March 2024
At 31 March 2023		 2024
£
2		 2023
£
2
£
240,000
240,000		 2023
£
2
240,000

18. INVESTMENT PROPERTY

A professional valuation was carried out by Richard Watkinson, a Fellow of the Royal Institution of Chartered Surveyors, with experience within the local area. This resulted in a reduction in the value of the property of £75,000 within the year ended 31 March 2023.

19. STOCKS

Stocks
20.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income		 2024
£
2,888
2024
£
96,744
39,945
136,689		 2023
£
2,895
2023
£
83,510
193,136
276,646		 2023
£
2,895

25 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

21. CURRENT ASSET INVESTMENTS

Listed investments
Investments are analysed as follows:
Analysis by type of investment
Fixed and variable interest funds
Cash held within investment portfolio
The historic cost of listed investments held as at 31 March 2024 was £ (2023 - £432,485)
Movement in market value of investments
Market value as at 1 April 2023
Additions at cost
Disposals at valuation
(Decrease)/increase in cash held within the investment portfolio
Net gains/(losses) on investment assets
Market value at 31 March 2024		 2024
£
490,967
2024
£
482,606
8,361
490,967
2024
£
460,059
66,475
(57,462)
(5,469)
27,364
490,967		 2023
£
460,059
2023
£
446,229
13,830
460,059
2023
£
489,763
79,368
(57,153)
(8,003)
(43,916)
460,059

22. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Other creditors
Accruals and deferred income
23.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years		 202 4
£
23,563
30,965
39,882
94,410
2024
£
5,640
7,930

13,570
 2023
£
19,780
29,120
31,098
79,998
2023
£
4,779
11,783
16,562

26 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

24. MOVEMENT IN FUNDS

Year ended 31 March 2024
Unrestricted funds
General funds
Designated funds
Total Unrestricted Funds
Restricted Funds
Activities
Equipment
Hospice at Home
Inpatient
Coronavirus
Refurbishment and decoration
Therapy
Total Restricted Funds

Total Funds
MOVEMENT IN FUNDS
Year ended 31 March 2023
Unrestricted funds
General funds
Designated funds
Total Unrestricted Funds
Restricted Funds
Activities
Equipment
Hospice at Home
Coronavirus
Freehold premises
Inpatient
Bereavement Counselling
Complimentary Therapy
Refurbishment and decoration
Retail Fittings
Therapy
Total Restricted Funds
Total Funds		 Balance at
1 April
2023
£
1,567,178
959,110
2,526,288
3,180
18,240
-
-
2,396
9,823
2,635
36,274

2,562,562
Balance at
1 April
2022
£
1,472,627
960,650
2,433,277
1,180
11,799
-
2,396
140,721
100,000
-
-
22,506
-
425
279,027

2,712,304		 Income
£
2,167,036
-

2,167,036
1,500
36,099
5,000
30,000
-
-
6,040

78,639
2,245,675
Income
£
1,574,195
-

1,574,195
2,000
8,409
1,000
-
-
31,500
-
-
1,250
27,000
 2,803

73,962
1,648,157
a
on
Expenditure
£
(1,891,399)
_-
(1,891,399)
(651)
(24,729)
(5,000)
(30,000)

(96)
(9,382)
(2,204)
(72,062)
(1,963,461)

a
on
Expenditure
£
(1,566,756)
__ (31,485)

(1,598,241)

-
(1,968)
(1,000)

-
(3,703)
(31,500)
(25,000)
(25,000)
(3,933)
-
(593)
(92,697)
(1,690,938)
 Net gains
nd losses
investment
assets
£
27,364
-

27,364

-
-
-
-
-
-
-
27,364
Net gains
nd losses
investment
assets
£
(31,961)
(75,000)
(106,961)

-
-
-
-
(
-
(
-
-
-
-
-
-
(
(106,961)		 Transfers
£
-
-
-
-
-
-
-

-
-
-
Transfers
£
119,073
104,945
224,018
-
-
-

137,018)
100,000)
25,000
25,000
(10,000)
(27,000)
-
224,018)
-		 Balance at
31 March
2024
£
1,870,179
959,110
2,829,289
4,029
29,610
-
-
2,300
441
6,471
42,851
2,872,140
Balance at
31 March
2023
£
1,567,178
959,110
2,526,288
3,180
18,240
-
2,396
-
-
-
-
9,823
-
2,635
36,274
2,562,562

On the review of restricted funds at the year ended 31 March 2023, it was identified that £50,000 of the balance shown in Inpatient at 1[st] April 2022 was not restricted. This was transferred to unrestricted funds during the year. An additional £50,000 that had previously been identified as ‘Inpatient’ was allocated against bereavement and complementary therapies in line with the restrictions applied. Extensions to the charity's freehold premises at 32 London Road, Newark, with a historic cost of £181,453, less accumulated depreciation of £44,435 (£137,018 net) have been transferred out of restricted funds as it was confirmed that no ongoing restrictions apply to the building work.

27 | P a g e

BEAUMOND HOUSE COMMUNITY HOSPICE

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2024

25. MOVEMENT IN FUNDS - continued

Descriptions of the purposes of the various unrestricted designated funds are given below:

Fixed Assets

The designated fund for fixed assets is that part of unrestricted funds representing fixed assets which cannot reasonably be expected to be realised in the short term. The designated fund includes a revaluation reserve of £59,696 relating to the revaluation of fixed assets.

Descriptions of the purposes of the various restricted funds are as follows:

Activities to assist in the provision of activities for patients Coronavirus to fund the continued operation of the charity’s shops Equipment towards the cost of equipment to enable our staff to provide suitable care for our patients Freehold premises represents funds raised by an appeal to the local community in respect of an extension to the company’s freehold premises at 32 London Road

Hospice at Home established to offer nursing and emotional support for patients in their own home Inpatient established to offer nursing and emotional support for patients during their stay at the Hospice

Refurbishment and decoration to fund the costs of refurbishing and decorating the Hospice Therapy to fund the costs of complementary therapy and day therapy services

26. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

2024 2023
£ £
Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities) 309,578 (149,742)
Adjustments for:
Depreciation charges 59,616 35,188
(Gain)/ Loss on investments (27,364) 43,916
Revaluation of Investment Property - 75,000
Interest received (24,239) (2,080)
Dividends received (9,748) (8,411)
(Increase)/decrease in stocks 7 -
(Increase)/decrease in debtors 139,957 22,016
Increase/(decrease) in creditors 14,412 (13,397)
Sundry
Net cash provided by (used in) operating activities 462,219 2,490

27. RELATED PARTY DISCLOSURES

During the year the charity acquired professional services and goods totalling £1,674 (2023 - £31,850) from Duncan and Toplis Limited, a company in which Mr I Phillips was a director. As at 31 March 2024 £nil (2023 - £600) was due to Duncan and Toplis Limited.

During the year the charity bought services to the value of £28,556 (2023 - £29,258) from DatCom LLP, an entity in which Mr I Phillips is a director. As at 31 March 2024 £1,528 (2023 - £2,698) was due to DatCom LLP.

Donations received from trustees and their related entities totalled £3,617 (2023 - £700).

Total remuneration paid to key management personnel during the year was £243,068 (2023 - £261,493).

28 | P a g e