BEAUMOND HOUSE COMMUNITY HOSPICE FOR ThE YEAR ENDED 31 MARCH 2025 REGISTERED COMPANY NUMBER.. OZ799789 (England and Wales) REGISTERED CHARIIY NUM6ER.. 1025442 REPORTOFTHETRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR BEAUMOND HOUSE COMMUNITY HOSPICE
BEAUMOMD HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trust¢es 3to14 Report of the Independent Audltors 15to16 Statement of Financi31 Activitles 17 8al8n¢e Sheet 18 Cash Flow Statement 19 Notes to the Financial Statèments 20loal
BEAIJMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 CEO STATEMENT It Is my prtvilege lo introduce the audSted accounts for the yoar ending 31 March 2025, Thls year has brought significant financial challenges for B2aumond House Comtnunily Hosplce (Beaumond Housel. Rising cost5 and a marked fall in fundralsing Income have resulted in a planlled, thou8h lèrger-than-expected deficTt. These audlted accounts provide a clear and accurate r&cord of our flnancial p051tlon arbLI demonstrate the actions we are tsklng to 5trenBthen our sU5thinability. Despite these pressures, our core purpose has remalhed unchanged. We have contlnued to deliver personallsed, compasslonate care to Individua15 and families across Nark and Sherw¢)od, both In the hosplce and in people'5 homos. Key developments thls year h#ve focused on service Improvementsp patient experlence, and better collaboratlon with local partners. We are also taklnK steps to respand pro&cdvety to our flnancial 51tuatlon. Thls includes the introduction of a new Director of Income Generation to lead a more strateglc approarh to fundraislng and income dlversific8tlon. I would like to thank our staff, volunteers, trustees, Supporters and partners. Your commitment and belief in uur work make il posslble for Beaumond House to contlnue delSvering care when every moment matters. REPORT OFTHE TRU5fEES The TrLtstees present their annual report together with the audlted flnancial statements of the Company forthe year ended 315t Mar¢h 2025. The Annual Report serve5 the purpose of both 3 Trnstees report and Directors, report forthe purposes of Ihe Comp4nles Act 2LK)6. The Trustees confirm that they have prepared the Annual report flnanclal statements in Ilne wlth current >tatutory requirements, the requirements of the charilles gDverning document and the provisions of the Statemènt ol Recorrmend¢d Practlce ISORPI 'A¢¢ounting and Reportlng by Charities'i preparlng thelr accounts In accordance wlth the Financial Reportlng Standards applicable in the UK and Ireland IFRS 1021 (effective l January 20191. INTRQDUCTION 2024-25 has been a financialty challenglng year, marked by slgr)lflcant pre$5ure5 across the Hosplce Sector. We ended the year with a planned deficit albeit larger than initially forecast. Rlslng Inflation, increased payroll costs, and workforce challenges have combined wlth a notable downturn in voluntary Income. Nationally, many hosplces have reported reduced incomè from traditional fundralsing ch3nne15, includlng events. Indivldual glwlng, and retall operatlons. These challenges reflect changes in donor behaviour, cost-of-living pressures on the public, and Increased competltlon for charitable glvlng. As a result of these pressures, Beaumond House has reported a deflcit for the financial year. Thls positlon is princlpally due to a marked fall in fundralsing Income across the board, which could not be offset by cost efficlèncles alone. Although reserves have helped u5 maintsln our seNlce levels during thls period, the longer-term sustalnablllty of the organisatlon depends on stabilising and dlversifylng our income base. We are not alone In f2clng these difliculties. Hosplces nationwide are experlencing similar trend5, wlth many reporting deficits for the flr5t tlmè In several year5. Thls hlghllghts a systemic funding gap in the hosplce sector extrbated by 5tstic 5t3tutory contributiOD5 and an over-rellance on voluntary income to fund essential healthcare. In response, we have renewed our focus on Income seneration, strengthening grant appllcation5. relmaginlng our community fundraising model, and reviewlng opÈratioThal expenditure without compromising care. TO 5UPPOrt our response to tho ongolng financial challengfys and to strengthen the organisatlon's long-tsrm sustsinabilily) the Board has approved the recruitrnent of a Director Df Income Generation to start In the first quarter of 2025/26. This strategic appolntment reAects our cornmitment to investing In experienced leadership to drlve fundralsing performante. The Dlrector w511 be responsible for developing and Èxecuting a cornprehensive Income géneration strategy encompasslng indivldual glvln& corporate partnerships, legacy fundraising, Eranl income, and community engagement, Their role wlll be pivotal in dlver5rfyin8 and growlng our Income streams, ensuTln Beaumond House remalns flnanclally reslllent wliile continulng lo dèliver hlEh..quBlity care. Our ability to continue dellverln8 compasgionate, high-quallty support relies on the extraordinary commitment of our staff. volunteers, SUPPOrters, and local partners, We are deeply Erateful to all those who stand wlth u5 In supportlng hosplce care, OBJECTIVES AND ACTIVITIES Charitable Objettlves and Public Benefft eaumond House exlsts to promote the welfare of indlvlduals living with a life.Ilmkting or terminal illness, and to provlde compassionate support for their families and carers. Our charltable objectlves are,. To preserve and protett the health of people with a termlnal or Ilfe limiting Illnes5 and provide respite for thelr carers, principally but naL exclusively In the local 8overnmeni area of Newark and Sherwood znd its environs, by,
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 Promotlng such a service wlthln 3 15-mlle radius of Newark towTh centre Ihereirafier called the "Irea of benefit") and, in parlicular. work In partnership with other third sector organisations and provide them with the necessary support, Information and services to enable them to pursue or contribute to the charlties abjects. Generally raising awareness of terminal and life lirnitlng illnes5 by various way5 including., Extendlng the knowledge of the local community about the needs of people wlth a life limlting or terminal illness Supportlng the development of and malntaining one or more inpatient and day hospices or unit5 to provlde facllilies for the dayl resldential care and respite for thelr carer5 Supporting people with Ilfe limitlng or termlnal i11nesses in their own home Provlding fuhds and training facllities lor hospices staff and for social 5UPPOrt Providing transport to he5p people accEss the services provlded Worklng collaboratively with other or6anlsatitsn5 providlng for people wilh life Ilmiting or end of Ilfe care need5, To fulfil our mlsslon, we Secure Income through a dlverse range of sources: funding frDm local statutory bodles, individual and corporatè doTratlonsi grant.making organlsations, and the operation of our charity shops. Further Information about our s&rvices and how to support our work is available on our website.. www.beaumondhouse,co.uk. While our articles have served us In the past, we are aware Ihal the area specified constrains our ability to grow, adapt alld respond effectively to new opportunities. To ensure greater IlexibSllty and susl8inability. we propose amending this provislon t broaden our area of operatlon to.. Allow us to extend our reach to a wider community, Enablè us to pursue opportunltles and partnerships beyond the current boundary. Provlde the flexibility to adapt to future needs without requirin& repeated amendmentg. Charltable Alms Beaumond House is a nurs@-led community hosplce dedicated to providing expert palliative care to Individuals with life-limltlng conditions. Our CDre aim 15 to deliver professlonali per50n<entred care In a safe and Supportive environment elther al our hospice in Newark or In the comfort of a patlent's own horne. Patients and their f8milies frequently express appreciation for the warm, wel¢ominÉ atmosphere and the holistl¢ nature ol our support. Every aspect of our care is underplnned by compassion, dignltyi 2nd respect, The well-bein& safety, and indivldual needs of our patlents and carers are central to everythlng we do, and we are commltted ta maintaining a seNice that is safe, effectlve, caring. responsive, and well-led. Valués Our value5 8ulde all aspects of our work and shape Ihe culture ol Beaurrond House: Patient-Centrèd- We Eo the eKtra mlle Every life and every moment matters. Patlents, familleg, and friends are at the heart Df everything we do, Valuing and Supportlrs Our People Our staff 8nd volullteers are our greatest asset. We invest in thelr development and well-beingi enabling them to provlde outstandlng care. Openness ard Honesty- Creating a Safe Envlronment We foster a culture of transparency and Irust, where thoughts and feellngs can be shared openly and wÉth sensltlvity. Collaboratlan - We work closely with partners across the End-f-LLfe Care Alllance and the wider health and care 5VStem to enhancE patient outcomes. EicIenCy1 Care, and Professlonallsm - We are tommilted io the responslble stewardshlp of our resources, ensurlng that every action reflects our professional, compasslonate, and effitlont ethos. Signlficant Actlvltles Beaumond House offers a wlde range of cllnlcal and therapeutic servlces, both at our h05pi¢e on London Road, Newark, 2nd in patlents, own homes. These Include,.
BEAUMOND HOUSE COMMUNIIY HOSPICE FOR THE YEAR ENDED 81 MARCH 2025 Day Therapy Servlces- provlding soclal, emollonal, and clinicpl support In a welcomlng settSng. Nurse-Led Inpatient Care- a four~bedded unit offering expert symptom management and care. Wellbeing Services- Including complementary theraples, carer support. and bereavement care. Hosplce at Home- en&bling patlents to receive personallsed care Iti their preferred settlng, All of our serylce5 are deltvered free of char8e, made posslble by the leverage of the Integrated car Board and the generosity OF the local communltyi funders. and volunteer5 who Share In our vision of compassionate end-of-IkFe care. Publ1¢ beneflt The trustees have had regard to Charity Commlssion guldance on public benefit in accordance with the Chartties IAc¢ounts and Reportsl Regulations 2008 when reviewin8 our aims, objeclives and current activlties also in planning our future actlvltles. Strategic Objectives Thè Trustees have Set clear stntegic oblectSves for Beaumond House to guide the charily's development and ensure long-term SL15tainability. These objectives, detailed In our 2023-2028 Strategic Plan, reflect our continued commitment to dellvering outstandlng hospice care while addressing the flnanclal and operational pressure5 affecting the wlder health and hosplee settor. Our strategy Is built around four tore goals.. De15ver Outstandlng Hospice Care to Those Who Need It We aSm to provide Ihe hlghest standard of person-centred pÈlliatlve and end-of-life care across Newark and Shetwood whether in our Inpatient unit. through our Wellbeing servlces, or in patlents, owrb homes. Key targèts include inrrea5ing accesslbilitv, enhanclng cllnltal outcomes, and maiiitslnlng or IMprovln8 our Care Quallty Commission ICQCI rating. Be on Employer and VolunteÈYlng Organi54tion of Cholce To malntaln servlce excellenTr, we are committed to attractin& developing, and retainin8 a diverse, s1(illed, and motivated workforce. This Includes fostering a posltlve culture, providing comprehensive trainlng, and engurln8 all colleagves have the tools and support needed to delivèr their best work. Generats the Inwme Roqulred to Sustalh Our Servl¢es In response tg increasing flnancial pressures 4nd a decllnÈ fundraising income, we arè Investing in income generation. Our strategic goél is to raise £1 million in voluntary Income annudlly by year flve and generate a net profit of £300,000 from our retall operation5. Lead the OrBanlsation Effectively and Sust8lnablv We are focused on ensurirbg robust @overnan and cornpliance across all areas of tharlty. This includes implementlng a clear ¢¢ountabllity framework, modernislng internal systems arnd IT infrastructure, znd malntaininB high standards in quality assurance, safeguarding, and flnan¢ial oversight. These objectives are underpinned by our values and overar¢hlng principles that prioriti5e patlenl cère, operational efficiencyi inclusivSty. environmental responsibllity, and community engagement. The strategic plan Is designod lo be both ambillous and adaptable, enabling Beaumond House to remain resllient and responslve in a challen8lng and evolving health and social care landscape. Voluntee15 Thls year 1811170 In 231241 volunteers oflered their time and tslents to the charity, 5UPPOrtlng every aspect of the Hosplce from running charity shops to transporting patients. In the past year we have expanded both the range and number of ourvolunteers, addlng ioles Such &s h05PiCè ambassador and volunteèr administrat()r. ID 8ddltion to their vit31 day-to-day contributlons, our volunteers èlso take a leading role in delivering our volunteer induction tralning, helping to ensure new team members are well- supported and prepared. Furthermore, a dedicated group of berèaved volunteers ¢tsC]lItates our Te)pot Group, providlng peer. led support and companionship fof those who are grl@ving. Our core group of volunteers are Supplemented by occasional volunteers at fundraising events such as Dragon Boal Festival, where 120 local people gave thelr time In support ol the hospice, plu5 a growing Trumb&r of volLrnteers provided by local companie5. All our volunteers contlrnue to provo invaluable in the day tg day work of Beaumond Flouse, and the Trustees are Immensely grateful for thelr support and contributlon. Charitable activltl¢s rhroughout the year, Beaumond House Hosplce Care has continued its commitment to improvlng the quality, reach, and impact of
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 Its services. Qur focus remains on delivering compassionatei person-centred care that meet5 the highèst clinical and profe5slonal standards. The followins are some of the key achievements we are proud to highlight from the past 12 months.. held our Dragon Boat Fe5tlval in partnershlp with another local charltyi the event wa5 a great success generating higher proceeds than in previous years. We Successfully launched a rew charity lottery inltlatlve to support our ongolng fundralsing efforts In response to the needs and priorities of our patients and thelr famllles, we have installed two Cuddle Beds to enhance comfort and compassionate care. We have received the Macmlllan Quzllty Envlronment Mark, recognlslng ihe safe and welcoming environment created by our dedlcated tearn. Our seAior nurslng team havè completed 'Good Clinleal Practise, trainlng which has enabled us to become research ready We have suecessfully expanded our ex15ting Day Therapy servlces and Introduced new exp¢rlences to patients and carer5. Table of Cllnlrdl a¢tlvity The table below details cllnlcal activity undertaken durlng the year compared to the previous year. 2023-2024 Indicator 2024-2025 New referr815 327 337 In- patient episodes 1073 1157 Bed occupancy 73% 95% Average length of stsv 8 nights 8 nights Day therapy attèndan$ 1,843 sessions 2,249 sessions Hosplce at Home hours delivered 4,257 4,577 Bereavement support 203 se55lons 348 sessions Complementary therapy 560 sesslons 578 5esslons These figures show that durlng ihe year, Beaumond House ha5 experienced 3 reduction in activity in all areas, Despite this detllne In activity levels, our overall costs have continued to rise4 primarily driven by increased staffing expenses and broader inflationary pre55ure. It ha5 a150 been essential to invest In the repalr and ongoing malntenance of the bulldln8 to ensure It remains compllant with current legislation and health and safety Stèndards. This is ntst only a legal requlrement but a150 Vltal in providing a safe, comfortable, and dignified environment for our patSents, their families, ar¢d our slaff, Proactive m3intenance helps preserve the quality of care we offer and reflects our commltment to hlgh standards In every aspect of our hc)spice service5. Staffing costs have Brown due to n3tlonal increases In the mlnlmurn wage and the need to remaln competitlve wlth other healthcare provlders, to atlract and retaln skllled personnel. It 15 Important to note that while patlent activlty ha5 declined, our staffing model is b8sed on contracted hours rather than activity levels. Staff are employed on fLKed contracts and not paid a¢cording to the number of patients seen or admitted. In addition, we contlnye to Incur the fixed costs requlred to rnaiThtain sak and high-quallty care, includlng adherence to mandated staff-to-patlent ratios, ongoing training aThd professional development, and adequate cover for staff absence duè to sickness or annual leave. These essential commitment5 are critical to ensuring that we remain responsive, safe, and ready to alwa meet patient needs, even durlng perlods of lower demand. What Some of the People Wè'vè Supported Have Told Us
BEAUMOND HOUSE COMMUNITY HOSPICE FOR ThE YEAR ENDED 31 MARCH 2025 'The staff are $0 welcoming and make me feel so comfortable, Staff are fantastic and eèn't do enough for rne and the food is good" "l Can't express our thanks for your care and klndness shown to us and above all my mum, she was only happy outside of her own horne with you" "We are relleved to have found Beaumond House Hosplce at Home servlce,. we have been given Information and pctIcal help to access other servlcos avallable to us that we dld not receive from the Hospltal or GP when my husband was discharged, As hls condltlon deteriorat2d, we would have been In great dlfficulty without Beaumond House"
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED JI MARCH 2025 FINANCIAL REVIEW Financlal posltion For the year ended 31 March 2025, the charity made a deficit or £427,567, tlils Includod an unrealised galn on investments of £7,102. Our net assets at 31 March 2025 were £2,444,573 of which £718,430 was represented by tangible fixed assets and E240,0(X) represented as investment property. Prlncipal fundlng sources The charlty receives partial funding througli a Service Level Agreement with the N ewark & Sherwood NHS Cllnlcal Commlssionlng Group, which contributed 26% of total day-to-day operational expendlture in 202512024: 280/ol.14owever, the majority of the funds required to SU5taln our servlces musi be ralsed within the local communtry and rely heavily on the generosily of indlvidual5, buslnesses, and organisatiDns. In addition to the operation of four relail shops, our fundralsing efforts include income from community activities, events, indlvidual dovalions, corpt>rate support, and charitable trusts. While legacy Income is not relied upon for the hospice's dallv operations, It rem8lns a vital source of fundlng that enables us to enhance and expand exlstirbg Services or develop new ones. WÈ are deeply gratefvl for the continued kindness and 5UPPOrt of our community-whether through donatlons, shop patronage, participatlon in challenge events, or InvLilvernent in Beaumond House initiatives, We zlsts acknowledge with slncere thanks the signlflcanl contributlons made by charktable Trusts and Foundations, whose supporl plays a crucial role in sustaining our work. Prirb¢ipal Rlsks Thé Trustees recosnise that Beaumond House operates in 8 challengillg and Èvolvln¥ environment, with a number of key rlsks identified. The most sl8nilicant risks include financial pressures arising from reliance on volulltary income and fluctuatlng fundralsing performance, recrultment and retentlon Df skllled 5ta6f and volunteers, compliance with regulatory and safeguardlng requirements, and maintaining the safely and quality of care in the face of risiiig costs. Broader economlc factors, such a5 the cost- of-livlng crisi5, a150 impact donor behavior and retsil performance. To manage Ihese risks, the Bozrd and senior leadershlp team actively monitor and review these risks. supported by robust governance structures and sub-committees focused on finance. ¢3re services. and income generation. Mitigatlon strategle5 include diverslfylng Income streams through retail expansion, grant appllc2tlons and cornmunity fundraislng initiatives, strengthening financial controls, Investing in staff training and well-bein& and maintaining clear eampliance frameworks for clinical care and Eovernance. These measures ensure that Beaumond House remains rèslllent and able to delivèr its mlsslon of compasslonate end.of-life care. Fundraising Beaumond House is committed to ensuring that all fundr31sing Is ¢arried ethlcally, tnsparently, and In accordance with best practice. Our fundraislng activities are ¢onducted by)th directly by the hospice team alld by trusted individuals and groups actins un our behalf. We are registered wlth the Fundralslng Regulator and fully adhere to the Code of Fundraislng Practice, whlch guides every aspect of our approach. The hospSce was not subject 10 8ny enforcement action or cornpllance failures under the regulated fundraisin8 scheme durlnB the Year. We actlvely monitor all third-party and volunteer fundralsers who raise monèy in our name to ensure they uphold the same hlgh standards we set for ourselves. We are pleased io report that no complaints were recelved In relation to our fundrdlslng aelivities in 2024-25. Protectlng vulnerable people Is a central princlple of our fundraising practlce. In line with the Fundrdlslng Regulator'5 code, we have safeguards in place lo ensure that our fundraising activltles do not Involve., Unreasonable Intruslon Into anyone's privacv Unreasonably persistent apprDaches Placlng undue pressure on anyone to give Our fundraisÈrs are tralned to recognlse signs of vulnerability 8nd to respond with sensitivlty and respect at all times. This commltment underplns our belief that Compassionate, respectful engagement with supporters is essenti41 tQ Sustainlng trusl in 8eaumond House and Its vital work.
BEAUMONO HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 The 2024-25 financl31 year brought significant challenges for fundraising at Beaumond klouse, shapèd by a complex and evolvlng economlc landsLape. We continued to face thè dual pressures of rising operational costs and reduced statutory fundlng a5 a proportion of these costs, whlle also navigating an increasingly eompetltlve and saturated fundraislng envlronment. Trusts & Fpundations Securing income from trusts and foundatlon5 became Increa51ngly dlfficult, as mally Erant-making bodles faced flnancial constraints of their Own. Reduced Investment returns for the provldersi parllcularly from dlvldend5, led to a contraction in avallable fundingi with some foundatlons pausing their programmes or Tharrowing thelr focus to core or emergency needs, Additlonally. several lon8- standing fundlng pots were repurposed to address broader soclal or environment31 prloritles, reducing the number of opporlunlties availabl& to hosplces. In response. our Trusts & Fourbdations Manager invested signiflcant time Sn prospert research and relatlonship-bulldin& though success rates were Imparted by the Sntreasingly competitive lindscape. Appllcations were more targeted, evldènce-based, and allgned with funders, evolving prlorities. As a result, income from this area became less predictable, reinforcS1)g the importance of a dlversified and resllient fundralylng strategy. Evants Event5 fundraising remained partlcularly challenging. The ongoing cosl-of-living crlsls affected both the affordabllity and profitablllty of events, with rlslng costs for venues, csterlng, Insurance, and equlpment maklng It more dSfflcult to deliver experlences that were both engaging gnd flnanclally viable. Supporters also faced financial uncertainty, leading to lower tlcket sales, reduced on-the-day spendlngj and a decline in Corporate sponsorshlps. De5Plte these pre5suros, our flagship event, the Newark Dragon Boat Festival, achieved record-breaklng success, delivering our most successful year to date and demonstr&tlng the continued strength of community support when paired wlth a well.established and mu¢h-lovèd event, Lottery In January, we launched a new partnershlp with Your Charity Lotteryi marklng a major step forward IM our approach to lottery fundralslng. While WÈ have previously participeted In the All Weather5 Lottery and the Newark End Shervlood Community Lottery, thls IB the flrst tin)e we have worked wlth a partner offering active canvassing support. A dedlcated cawa55er has been engaglng with the public locally to promote règular lottery subscriptlons. This proactlve modèl Ig deslgned to build a more sustainable Income stream while also ralsing zwarones5 of our work in the community. Early signs are encouraglng, wlth strong potential for long.term supporter engagement con51Stent Income generation. Regular Giving Regul4r giving remalned a vital but lrn¢rÈa5ingly pre55ured income stream. While our Ion8-term sUPPOrters contlnued to provide a rellable foundatlon, WÈ remain mindful of the impact the tost-of-living crisis 15 having on donor behaviour. Nationally4 manv households have redu¢ed or cancelled regular gifts, and although our own regular glvlng base has remained stable, Dur Indlvldual Givlng Manager is closely mDnltorSng trends and increasing our stewardshlp efforts to maintaln and strengthen these relalion5hips, Legaties Legacy Income Contlnues to be a crucial part of our furdralsing mix, though the hospice sector kces 8rDng challenges in this area. The hosplce sharè of the legaLry market has declined In recent years, with income growth lagelng behind other h&alth-releted charities. Falling house prices and Increased competitlon from charltles investing heavlly In legary marketing have further impacted performance. Whlle we recelved two substantial legacy gifts and several smaller donallons last year, this year has seen a reduction In the number of gifts receiv&d. In response, we have laD¢kned a year~long legacy campaign in partnershlp wllh five local solicitor5, each offerlng number of free Wills throughout the year. We have budgeted accordlhgly and lThcreased our Investment In legacy prDmotlpn to ensure Beaumond House remains front of mlnd for supporters ¢onsiderin8 glfts in thelr Wills. Looking Ahead Despite the challenges, the fundraising team dellvered a strong performance, achievlng a return on Investment of 260% for the year. However. we antlclpate contlnued fin3ncl81 strain in the year ahead. The need t(> flnd increasingty creatlve and cost-¢ffective ways to secure vital income is greatèr than ever. Without continued investment in the team, modernlsatlon, and donor inslght, th sustalnabillty of traditlonal fundraislng models remalns uncertain. Retall During the 2024-25 financlal yéar, our retail operatior15 have experlenced significant progress and strateglc development. Followlng a successful staff restructure, all retall Olrtlets are now fully resourced wlth Shop Managers, As51stant Shop Managers, and Ret311 Assistants, resultSnB In a stable, well-ctrordinaled workforce that underplns operational effectiveness.
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 A maOr milestone this year was the acquisition of a new unit. Thls facility will serve as a eentral retail hub, Ivcorporatlng addltlonal retail space, an eB8y operation centre, and essential storage capatlty. This Strategic asset is expected to enhance our competitiveness and reinforce our d15tinct idÈnt1ty as 8 charity with a strong commitment to sustsinability. Onè ol our units was successfully relocated lo new premise5 in the same town, which offers improved accesslbillty, a more efficient internal layout, and enh8ncecl sorling and storage are8$ for staff and volunteers, Donation levels have remained consistently high across the network, dèmonstrating sustained supp¢rt from the local community. Improvements to our logistlcs have been implèmellted by outsourcing our delivery and collectlon semce, resulting In more elllclent collections, deliverles, and stock rotation across all retall sites. Of particular llote, one of Dur rotall teams has shuwn exieptional pèrforrnante in maximislng Glft Ald revenue, conslstently gonerating £1,0 per wèek. Furthenmore, we have securèd a new uvlt at a retail development just outslde of Newark town, whlch presents a strategic opportunity to extend our operations to seven-day trading in a high-footfall location, Challen%os and Response5 While the year ha5 brought notable achievement5, several challenges per51st. Volunteer recruitrnent remaills a slgnificant challenge in retail, with mlnimal new volunfrers joining across the retail network In response, a eontlnuous recruitment campalgn Is underway. It is anticipated that the broader range of oppc>rtunitles at Ihe new warehouse f3cillty may attract a more diverse volunteer base, Including yoiinger demographlcs. Despite all staff roles being filled, one of our units remain$ under-resourced, relatKve to the volume of donations received, Thi5 has placed pressure on the existing team to balance safe workin8 conditions wlth the demand5 of siock replènishment. In line with our growth in income, wè will assess the fea5ibi1ity of expandlng the staffing structure at ihis loc?tion. Operationally, we have experienced intermlttent disruption from our récycling partner, due to their internal staffing ¢hallenses. These disruptions have occaslonally resulted in stock backlogs, To mitigate thi5, our warehoose will Serve as a con%olldatlon point for recyclin8 materials collected by our o¥vn driver from sm311ershops, improvlng efficlency and resale polential. In the town centre, f'ootfall has decllned (ollowing the closure of several businessès. This has negatively Impacted the retail performarlce of our town centre unit. We are in preliminary distussions with a local business owner who has expre55ed interest in acquiring the these premises. Thi5 may provlde a viable exit strategy should market conditions deterioratè further. Externa5 pressure5 such a5 advèrse weather and the ongolng cost-of-llvlng cri515 Continue ta affect customer behaviour. In response, we have malnlained a pricing Strategy that is both realistlc and 3ffordable, recognisins the flnanclal constraints fad by many of our supporters. Rlsing operational costs Includlng utllitle5, salaries, and consumables have necessitated tlghter cost contro15, wlth staff encour3ged to reduce dlscretlonary expendlture and Improve energy efflcièntv. Future Plan5 Looklng ahead, we have a dear and ambitlous development agenda. Expansion of our onllne retall operatian at our new premises Is priority. Currèi)tIy supported by a part-time Online Sales Asslstart, this area presents strong growth potentlalj partlcularly in relation to alternallve selling platforms and the sale of larger items for local collectlon. We also plans to launch the new unit- introduclng sunday tradin8 and are exploring the possibility of extendlng sunday trading to other units. Addilional inltiatlves Include hostin8 a fashion show Bnd creative works'hops and IntrDduclng furniture upcycling progratnmes, further re5nforcing our sustalnablllly objectives. To promote youth engagèment, we aim lo strengthen Ilnks wlth local schools and colleges by offerlng placement5 for Dvke of Edinburgh part(clrJ?nts. Our search for further suitable retsil unlls across our area of operation remalns actlve, and we will continue to focus on increasing both uverall income and Gift Ald contributions across all sites. Overall InvestmeAt pollcy and oblectlves The board has appolnted Independent Investment Maragers to invest funds surplus to immediate requlrements 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 malntaln the real v8lue of the portfolio and to generate returns that exceed the return available un cash deposits. The b(Jard monltors the performance of the funds in accordante wlth the poli¢y on a regular basls, The investment policy takes accourt of SOC131, environmental, and ethlcal conslder?lion5 to thè extent that the trustees believe Is reasonable.
BEAUMONO HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 Reser¥os pollcy The board ha5 considered the reseryes necessary for the contlnued operation of the Hospicè to provide on-going supportlve palliativo re lo patlent5 with Ilfe Ilmlting or terminal illnesses and thelr familles. The board considers it necessary to earry reserves (excluding tangible flxed assetsl equlvalent to 12 months of 'normal' Hosplce operation and adeqvate liquid funds to support the charity In the event of there bèlng the opportunlty lo develop addltlonal services or in thè event of there bein8 changes to the current fundlng streams. Accordln8 to ihe Reserves Policy agreed November 2024, the board set a target of £2,240,000 reserves to cover one yearfs staffing costs, other operating costs and property maintenance. On 31 March 2025. urirestrlcted funds st¢)od at £2,401,862. 14owever, of this arnount, £958,432 represents tangible red assets and investment property leavlng £1,443,430 of general funds which Is lower than the target level set by the board. Therefore, although funds are in a sati5fa¢tory position overall the board will contlnue their efforts to strengthen them. FufuRE PLANS Looking ahead, Beavmond Hovse Is foeused on strengthenin8 It5 long-term 5VStain8bllity through the continued development of a robust income strategy. While thè v151on for a potentia I new-bulld facllity remaSng an important part of our future aspirations, our Immèdlate priority is to ensure financiBI resllSen¢e by eonsolldating and increasing support for our corè opÈrational cost5. This strategi¢ focus will en?ble us to malnt31n and enhance the quality of care we provlde v4hile bulldihg a more secure flnanc181 foundatloTh, As part of this, we are also actlvely reviewlng the use of our inpatient unit, where we havè gen a reduction in bed occupancy. To address thls, we are exploring opportunities to increase the number of carer crlgi5 admission5 and support patlents requlrlng 5hort- term rèhabilitation followlng discharge from hospltal. In the fLJture, such service5 could potentlally be dèveloped into thargeahle offerin85i which would help address income challenges whSle continuing to meet the evolvlng needs of our Community. Thls needs to be closely revlewed in Ilne wlth our commitments to our Service Level Agreement with the Newark & Sherwood NHS ClSnical Commissioning Group. We remain committed to further developin8 our wolunteer progr8mme, retognising the invaluable contrlbutltsh volunteers make lo the hospice. plans are underway to improve the volunteer experience through enhanced tralnlng, SLIPPDrt, and the expansion of meaningful roles across the oryanlsation. In addition. we are making 5i8nrficant progress In l.he development of a new Hospice at Home $2rvlce. Thls Irbitiative wlll allow us to extend our reach and dellver hlgh-quality, compassionate care to more patients and f3millÈs throughout the Newark and Sherwood area respondlng dlrectly to the needs of our community, We hope thar th15 will also offer a sprlngboard to help us launch other services in the area, such a3 further wellbeing and therapy services, and create further fundraislng opportunities by strengthenlng our presence across the whole of the Newark and Sherwood area. Updates on these and other developments wlll eontlnue to be shared through our webslte and other communicatlon channels, ensuring transparency and engagement wlth all our 5tskeholders.
L3EAUMONO HOUSE COMMUNITY HOSPICE FOR fHE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The ch2rlty Is Controlled by its governing document, a deed of trust, and constitute5 a limlted companyi limited by guarantee, as defined by the Companles Act 2006. Beaumond House 15 a charitable company limlled by gu8rantee, incorpDraled on 16th March 1993 and registered as a charity on 1st Sèptember 1993. The company was set up under a Memorandum of Association whi¢h establlshed the objects and power5 of the charitable company and is governed under Its Articles of Association. The tompanyls exempt under Section 60 of the Companies Act 2006 from using the word Limlted in its name. The charity operate5 from 32 London Road, Newark, Nottinghamshire NG24 ITW which is also its Reglstered Office. Recrultment and appointment ol new tru$lees As set out in the Artlcles of Associati()n, trustees are appolnted by the board of trustees and retire by rotation. Trustees who have served durlng the year and 51nce the year end are disclosed in the company information. The company secretary 15 Mr I Philllps. Organi5atlonal 5tru¢ture Our board of trustees share ultimate responsibility for governin8 Beaumond House Community Hospice, and they dlrect how it IS managed and run. There are three sub-committee5 whlch ensure governance and s¢rutin¥ on all aspects of Beaumond House ways of worlcin& these are Finance and Income Generation, Operations and Care Service5 Developmènt. Trustees are specifically recruited to work with the organisatlon and have a variety of business skills to support and underpln good practice coupled with their undÈrstandln¥ of personal family loss. The trustee$ are always Sooklng at Ways to develop the activltles of the charlly and fundraisin8 OPPOrtunitlès, Full Board meetin85 are held once 8 quarter. Inductlon and trainin4 of new trustees New board melllbers undergo a formal, tailored inductlon progrnmme on joining. The programme include5 background informatlon about Beaumond House Communlty Hosplce, detai15 of meeting procedures, board members, respon51billtles, including trustees, dulles under the Companie5 Act 2006, and Eovernance-related issues includSng the tlme commitment expetted Df board mernbefs. Trustees are also en¢our2Eed to attend appropriate èxtèrnal tralning events where thèse will f3cllitate their understandirg Of the role.
BEAUfvIOND HOLISE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 REFÈRENCE AND ADMINisfRATIVE DETAILS Reglstered Company number 02799789 (England and Wales) Registered Chorlty number ID25442 Registered office 32 London Road Newark Nottinghamshire NG24 ITW Trustees G Cameron C P Hoskin5 Dr K E Moloney DrDFBMonev D A Tomkinson H Price J L Folkes HLHume P L Taylor- resigned 6UI November 2024 Pmwhur CHLowe N H Payne Key Manasomont Louise Sinclair- CEO l(aren Browri- Head of Care Sarali B21(ewell- Head of Flnance and Operations Matt Colboume- Head of Fundraisin8 and Communicatlons Sally Thoma5- Head of Retall Company Setret?ry Audltors Wrighi Vigar Charterèd Aceour)tants Reglstered Audltor 15 Newland Llncoln LlncDlnshire LNIIXG Banker5 Natwest Business Banklng 9 Oozells Streot Birmingham BI 2HS
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THEYEAR ENDED 31 MARCH 2025 Investment Advlsors Brooks Macdonald Somerset House 37 Temple Street Birmin8h3m B2 5DP Solicitors Payne & Gamage Solicitors 48 Lombard Street Newark Nottinghamshire NG24 IXP
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES RESPONSIBILITIES ThE trustees (who are also the director5 of Beaumond House Community Hospice) for the purposes of company lawl 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 Practi¢el. Company law requires the trustees to prepare financi31 statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of rhe incoming resource5 and application of resource5. including the income and expenditure, of the charitable company lor that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them con515tentlv', observe the methods and principles in the Charity SORP120191 IFRS L021.. make judgement5 and estimates that are reasonable and prudent. State whether applicable UK Ac¢ounting 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 PfE5ume that thè charitable company will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy Bt any time the financi31 position of the charitable company and enable them to ensure that the financial staternents comply with the Companie5 Act 2006. They are also responsible for safeguarding the a55et5 of the charitable corrFpany and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. In so far as the trustees zre aware.. there is no relevant audit information of which the charitable company'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. AUDITORS The auditors, Wright Vigar, will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on 1.119 |tst( and sigried on its behalf bv.. I Phillips Trustee
EAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 Opinion We have audited the flnancl21 statements of Beaumond House Communlty Hospice Ithe'charltable company'l for the year ended 31 Marth 2025 whlch comprise the Statement of Financial Artivities, the Balance Sheet, the Cash Flow Statement, and notes to the financial statements, Including a summary of significant accounting policies. The flnancial reporting framework that h2s been èpplied In their preparation is applicable law and Unlted Kingdom Accounting Standards, includln8 Financial Repoiting Standard 102 The Flnancial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practicel, In our opivlon the financial 5tatements'. give a true and fair vlew of the state of the charltable company's affairs as at 31 March 2025 and of Its incoMln8 resources and application of resources, includlng its income and expenditure, for the year then ended; have been properly prepared in accordance with Unlted Kingdorn Generally Accepted Accountlng Practice,. and have been prepared In accordance wlth the reqvlrement5 of the Companies Act 2006. Basls for opinion We ¢onducted our audit in aecordance with Intèrnational Standards on Auditing IUKI (1s IUKII and applic?ble law. Our responsibilities ¥Jnder those standards are further described in the Auditors, responslbillties for the audit of the financla1 statement5 sectlon of our report. We are indendent of the charitable company in accordance with the ethlcal reqsjirements that are relevanl to our èudlt of the financ181 statements In the UK, including the FRC'S Ethical Standard, and we have fulfllled our other ethi¢al responsibilities in accordance with these requirements. We bellÈve that the audil evidence we have obtalned Is sufficlont and approprlate to provide a basis for our opinlon. Conclusions relating to gtslng concern We have nothing to report ir respect ol the following matters in relation to which thè ISAS IUKI requlre us lo report to you whÈr@'. thè trustees, use of the going concern basis of accounting In the preparation of the fillanclal statements Is not appropriate,. or the trustee5 have not disclosed In the financlal statements any identified material uncertalnties that may cast 5ignllltant doubt about the charilable comp4ny's ability to contlnue to adopt the going cuncern basis of accounting for 3 period of at least twelve months from the d8te when the financial statements are authorlsed for i55ue. Other informatlon The trustee5 are responslble lor the other information. The other Information comprlses the information included In the annual report, other than the finall¢ial statements and our auditors, report thereon. Our oplMlon on the financial statements does not cover the other information and, except to the extent otherwlse expllcltly slated in our report, we do not eKpress any form of assurance conclusion thereon. In connection wlth our audlt of the financial statements, our respon51bllitY1S to read the other information and, in dolng so, consider whether the other informatlon is materlally incon515tent with ihe flnanclal statements, or our knowledge obtaln@d in the audit or otheN¥ise appears to be tnaterially mlsstated. If we Identify 5u¢h material inconsi5tencles or apparent material misstatements, we are requirÈd io determlne whether there is a material mlsstatement In the financial statements or a materlal misstatement of the other information. If, based on the work we have performed, Nve conclude that there 15 a material misstatement of thls other Information. we are required to report that lact. We have nolhing lo report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinlon, based on the work undertaken in the course of the audit.. the informatloll given in the Report of the Trustees for the flnan¢ial year for which the financial statemenls are prepared is onsistent wSth the financlal statements,. and the Report of the Trustees has been prepared in 8ccord8nce with applicable lÈgal requlrements, Matters on whlch we are requlred to report by ex¢eptlon In the light of our knowledge and understanding of the charitable CDmpany and it5 envlronmeni obtalned in the cour52 of the audlt, we have not Identifled material misstatements in the Report of the Trustees. We have nothlng to report in respect of the followlng matters in relation to which the Companies Act 2006 requires us to report to vou if, in our opinlon.. adequate accounting records have not been kept, or returns adequate for our audlt have not been received from branehes not visited by us,. or the financial ststements are not in agreement with the actounting records and returns,. or certain disclosures of trustees, remuner8tlon specified by law are not made,. or we have not recelved all the information and explanatlons we require for our audit,. or Ihe trustees werÈ not entitled to take advantage of the Small companies, exemption from the requirement to prepare a Strateglc Report or in preparing the Report ol the Trustees.
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 Responsibilities of trustees As explained tnore lully in the Statement of Trustee's Re5pon5ibilities. the trustees Iwho are also the director5 01 the charitable company for the purposes of company lawl are responsible for the preparation ol the financial statements and for being satisfied that they give a true 3nd fair view. and lor such internal control a5 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 staterllents, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matter5 related to gc>ing concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operatlOn5. or have no realistic alternative but to do so. Aud4tors' responsibilities for the audit of the financial 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 an auditors, report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered material il. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these lir)ancial statements. Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material mi55tatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unav0d3b1e risk that tnaterial misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAS IUKI. In identifying and 355e55ing risk ol material tnisstatement in respect of irregularities, including fraud and non-compliance with laws and regulation5, our procedures included the following.. We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector In which they operate. We perform OLJr work to ensure that the entity is complying with its legal and regulatory framework. We obtèined all understanding of how the Charity is complying with those legal and règulatory frameworks by making inquirie5 to the management and people charged with governance. We assessed the susceptibility of the Char1ty's financial statement5 to material misstatement, including how fraud rnight occur. Audit procedures performed by the engagement team included,. Substantive procedures performed in accordance with the1SAS IU KI. Challenging 35sumptions and judgment5 made by management in its significant accounting estimate5. Identifying and testing journal entries. in particular material journal entrie5 and an assessment of year end journals. As5e55ing the extent of compliance with the relevant laws and regulations. A further description of our responsibilities for the èudit of the financial Statements is located on the Financial Reporting Council's website at www frc.or .uk aLJditor5res on51bilities. This description forms pait of our Report of the Independent Auditors. Use of our report This report 15 made solely to the ¢harit8ble company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might state to the charitable cc)mpany's member5 those matters we are required to State to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable tompany and the charitable company's members as a body, lor our udit work, lor this report, or for the opinions we have formed. Paul Colcornb FCCA Isenior Statutory Auditor) for and on behalf of Wright Vigar Statutory Auditor 15 Newland Lincoln Lincolnshire LNI IXG Date.. 29/0912025
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED YI MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES Incorporating the Income and Expenditure Account FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Funds 2025 Restricted Funds 2025 Totsl Funds 202S Total Funds 2024 Notes INCOME AND ENDOWMENTS FROM Donations and legacles NHS grant lor the provision trf hospice 5erwices OthÈr Irading attivltles Investment incorne 534.064 573,219 573,821 65,923 599,987 573,219 574,821 1,061,152 551,702 592,604 Total Income 1,730,353 65,923 1,796,276 2,245.675 EXPENDITURE ON Raislng funds other Cost5 Charitable activities 418,758 87.112 1,657,954 418,758 87,112 1,724,017 399,020 68,815 1,495,626 66,063 Total expenditure 2,163,824 66.063 2,229,887 1,963,461 Net gains on investment ILossll profit On $41es of fixed asset 7,102 11,0581 7,102 11,058 27,364 NET IEXPENDITUREI/ INCOME 427 427 140 427 567 309 578 Transfèrs between Funds Net movement in Funds 427 427 140 427 567 RECQNCIUATION OF FUNDS Total fund$ brought forward 2 829 289 2 872 140 2 562 562 TOTAL FUND5 CARRIED FORWARD Thege notes form part of the financlal statoments
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 BALANCE SHEET AT31 MARCH 2025 Unrestrictèd Funds 2025 Restricted Funds 2025 Total Funds 2025 Tgtal Funds 2024 Notes FIXED ASSETS Tangible assets Investments Investment propèrty 16 17 18 718.430 718,430 697,351 240 000 240 000 958,432 958,432 937,353 CURRENT ASSETS Stocks Debtors Investments Cash at bank and in hand 19 20 21 2,888 80,746 501.254 998 721 2.888 80,746 501,254 1041432 2.888 136,689 490,967 1 398 653 1,583,609 42,711 1,626,320 2.029,197 CREDITOR5 Arnounts falling due within one year 22 1140 179 140 179 NET CURRENT ASSETS 1443 430 1486 141 1934 787 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 24 2,401.862 2.401,862 2.829,289 2 401862 711 872 These financial 5tBtements have been prepared in accordance with the prov15ion5 applicable to charitable companies subject to the small companies, regime. The financial statements were approved by the board of trustees on and were signed on its behalf bv.. I Phillips- Trustee These notè5 form part of the finance statements 19 |
BEAUMOND HOUSE COMMUNITY HOSFICE FOR THE YEAR ENDED 51 MARCH 2025 CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng artivltles., Cssh lusedll generated from operatians 26 1299,4961 452,219 Net cash provided by lused IDI operating actlvltles 1299,4961 462,219 Cesh flows Irom Investln8 actlvltles: Purchase of tarbgible fixed assets Purchase of investments Sale of investments Divldends Interest received 193,4891 1102,7951 103.898 9,901 29,048 137,8571 166.4751 57,462 9,748 24,239 Net cash used In Investlng actlvltie5 153,4371 112,8831 change In Cash and ¢a5h equlvalents in tho repoiting perlod 1352,9331 449,336 Cash and cash equlvalents at the beginning ol the reportlng period 1,407,014 957,678 Cash and cash equivalents at the End of the reportlng period The change in cash and cash equlvalents comprises: Change in cash at bank zlld In hand Change in cash h*ld in investrnent portfolios 13S7,2211 454.805 Cash and cash equlvalents comprfses., Cash at bank and In hand Cash held in investment portfollos 1,041,432 1,398,653
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIE5 asls of preparlng the flnan¢lal statem&nts Beaumond Houstr Communlty H05pice Is a charitable company, The addrèss of th2 principal office Ss given In the company inforrnalion an page 12 of thesè finèntlal statements. The charity constitute5 a public beneflt entity as defined by FRS 102. These financlal statements have been prepared In accordance with Accountlng and Reporting by Charities., Statement of Recoinmended Practlce applitable to charities preparln8 their accounts in accordance wlth the Flnanci31 Reporting Standard )ppll¢able in the UK and Republi¢ of Ireland Issued O¢tober 2019, the Financial Reporting Standard applicable Irb the UK and Republlc of Ireland IFRS 1021, the Companles Act 2006 and UK GenÈralty Accepted Accounting Practl¢e, The flnancial ststements have been prepared on a going concern basls under the histori¢al cost conventlon with the exceptlon of investments whlch are included at fair value. The slgnificant 8ccountln8 pollcles applled In the preparation of these finarhcial statemenls are set out below. These pollce5 have been conststently èpplied to all years presented unless otherwise stated. Income All income, Includlng government 8rants, Is included In the Statement of Financial Actlvities when the charity is entltled to the Income and ihe amount can be quantifled wlth reasonable accuracy. The followlrkg specific policies are applied to particular categories of Income.. Voluntary Irbcome is received by way of donatlons, lega¢les and glfts and Is Included In full in the Statement of Financial Activitie5 when there Is sufficient cèrtainty the receipt of Income Is probable. Donated services and facilities are Includpd at the value due to the charity whère thi5 can be quantified and th@ receipt of ecunomic benefit from the use by the charlty is probable. The value of service5 provlded by volunteers has not been included In these atcounis. Irbtome from other trading actlvitles- Selllnu donated KODds 15 legally considered to,be the realisation of a donation In kind, but In economlc terms it 15 51milar to a trading actlvity and therefore shop Income and income from fundraisln events Is Included this analysis heading. Clothing and other Items donated for res&le through the charitable company's shops are Included as income within other tradirg activities when they are sold. Invtrstmernt income Is included when receivable, Inwmin8 resources from grants are credlted to the Staternent of Financlal Activities in the year to whlch ihey relate. Grants received for the restrlcted purpose of provlding fixed assets are a¢counted for Immediately a5 restricted funds. Where the fixed assets, acquisition dlscharges the restriction, the assets will be held In unrestrlcted funds. If the use of the asse15 Is unrestricted the trustee5, consider creating a designated fund reflectlng the book value of the assets Is approprlate. The relevant fund will then be reduced over the useMI Economlr 15fe of the asset In Ilne wlth its depreciatlon,
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THEYEAR ENDED 31 MARCH 2025 NOTESTO THE FINANCIALSTATEMENTS- CONTINUED ACCOUNTING PQLICIES- eontlnued Expenditur Expenditure 15 recognised on an accrual basls as a Ilability incurred. Expenditure Includes any VAT which cannot be fully recovered, and Is reported as part of the expenditure lo which it relates., Costs of raislng funds comprlse the costs assoelated wlth attractlll8 voluntary Income and the costs of dIng for fundralsing purposes includillg the charity's shops. Fundraising costs of generatillg voluntary Income and otl)er fundraising activiiles other than those allocated directly have been apportioned 2¢YA to costs Df generating voluntary Income and 80% to costs of other fundraising actlvities. Charitsble expenditure comprises those c05ls incurred by the Charity in the dellvery of it5 activities Bnd servlces for its beneliclarles. It include5 both costs that be allocatéd directly lo such activities and those costs of an indirect nature necessary to support them, Governance ¢osts include those costs associated with meeting the constitutional and statutory requiremellts of the charity and include the audit fees and costs Ilnked to the strateglc management of the charity. Support costs allocation Support ¢05tS are those thal assist the work of the charity but do not dlrectly represent charitablè <iCtivities and include governance costs and admlnistrative payroll costs. They are Incurred dirertly in support of expenditure on the objects of the chartty. Where support Costs cannot be dlrectly attribLJted to partlcular headings, Ihey have been all(Jcated to costs of raising funds and expenditure on tharitable artivlties on a basis cor15iStenl with the use of the resources. Governance costs include those tosts 8ss0ciated with meetlng the constitutional qvd slatutory requiremen15 of the ch2rlty and include prOfelan81 fees and costs Ilnked to the strategic managoment of the charity- The analysis of these costs is Included in note 10. Tan8ible fixed assets Oepreclation 15 provided al the following annual ratss In order to writE off each asset over Its estimated useful Ilfe. Freehold property FiKtures and fittings Medlcal equipment 2% on cost - 33% on cast - 33% on cost Investment property Investment propertv 15 shown al m05t recent valuation. Any aggregate surplus gr deficlt arisingfrom changes in market value is recogni5ed in the Ststement of Financial Actlvfcies. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-movills Items. Taxation The charity Is exempt from corporation tax on its charitable activities, Fund accountlng FuThds held by the charity are elther., General lund5-these are funds which can be used In accordance with the charity's objectlves at the discretion of the trustee5. Designated funds - are unrestricted funds set aside at the di5cr@tion of the trustees for spetlflc purposes. The designatèd fund lor fixed assets Is that parl of unrestricted funds representing fixed assets held whlcb cannot reasonably be eKpected to bÈ realised in short term. Restrlcted funds- these are hjnds Ihat can only be used for partlcular restricted purposes wlthln the objects of the charltable company. Restrl¢tion5 arise when specilled by the donor or when funds are raised for a partlcuSsr restricted purpose. Hlre purchase and asIng tommltments Relltals paid under operatlng leases are charged lo the Statemènt of Flnancial Aitivities on a stralght-llne basis over the periL)d of the lease.
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO ThE FINANCIAL STATEMENTS. CONTINUED ACCOUNTING POLICIES- contlnued Pen$lDn ¢osts and other p05t-retlrement ben?flts The charitable company operates a defined ¢ontributlon penslon scheme. Contribullons payabl? to the ¢haritable company's penslon scheme are charged to the Statement of Financial Activitie5 In the perlod to whlch they relate. Debtors and credltors Debtors and credltor5 recelvable or payable wlthin one year are recorded at transactlon price. Any losses arlsing from Impalrment are recognised in the Statement of Financlal Activities. Current asset Investment5 Investments are Initially recognised at thelr transaction value and subsequently measured at market value at the balance sheet date. The Statement of Flnancial A¢tivlties includes the net gains and losses arisSng on revaluation5 and dlsposals throughout the year. Reallsed galns and losses All galns and losses are taken to the Statement of Flnanclal Activities as they arise, Realised galn5 and losses tsn investments are calculated as the difference between sales proceeds and opening market value Ipur¢ha5e date if later). Uhroali5ed gains and105ses are calculated as the difference between the market value atthe year-eTrd and opening marketvalLFe lor purchase date11 laterl. Goins ¢oncern The financial statgments have bpen prepared on a golng concern basi$ as at th? tlme of approving the financial statements the trustees believe that no rnaterlal uncertalnties eKi5t and have a reasonable expectation that the charlty ha5 adequate resources to contlnue In operational existence for the foreseeable future. Th£ forecast Income and expenditure is 5ufflclent with the lev?1 of for the charity to be able to contlnue as a going concern, Judgements and key $ources of Èstimalion uncertslnty The trustees do not belie that any accountlrbg ludgements or estimates have been applied to these financlal statements that have a significant risk of causing a material adjustment to the carrylng value of assets and liabllitles wlthin the next financial year.
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTESTO THE FINANCIALSTATEMENTS-CONTINUED DONATIONSAND LEGACIES 2025 2024 Donations and speclal efforts Legacies Grants 397,331 13,901 188 755 3SO,962 585,376 124 814 Grants include an amount of £32,85212024'. £nlll In respect of the Hosplces share of the capital fundlng grant made by The Secretary of State for Healih and Social Care, dislrlbuted by H05pice UK. The hospice benefits greatly from the invoSvement otits manyvolunteers, details of whlch are 8iven in the Reportof Trustees, In accordgnTr with FRS 102, the economic ¢onlribution of volunteers is not recognlsÈd in the financial 5taternents. NHS GRANT FOR THE PROVISION OF HOSPICE SERVICE5 2025 2024 Activity Newark & Shervwood NHS Cllnical Commissionlng Group grant Provislon of haspice services Grants received, Included In the above, are as follows.. 2025 1024 Newark & Sherwood NH5 Cllnlcal commi5sionin8 Group grant OTHER TRADING ACTIVITIES 2025 2024 Shop income Other fundralsin8 activltles 524,248 514,898 Income from other tradlng activitles incSudes Income earned from both trading actlvltles to raise funds br the charlty and Income from fundralsing events. To fall within thls headln8, the income must be received in exchange for supplying goods and services in urderto raise fund5 fDrthe charlty. This inelude$ Shop Income selllng donated goods, Incorne from fundf8i51ng events, sponsorships, and other mlsollaneous fundralsing actlvltles. INVESTMENT INCOME 2025 2024 Rents recelved Dividends Bank and building 50clety Interest 10,300 9,901 6,230 9,748
EAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTESTOTHE fiNANCIALSTATfMENTS- CONTINUED COSTOF RAISING FUNDS 2025 2024 SHOP INCOME Payroll support costs- governancè Shop Establlshment Costs Other Direct Costs Office l.xpenses Repairs and renewals Bank Charges Depreciallon 148,510 21,511 48,109 24.359 13,594 1,894 4,692 125,984 17,718 52,8S6 17,820 14,D39 3.650 285,503 257,4fsi FUNDRAISING ACTIVITIES Payroll Dir@ct Fundraising C05tS Support ¢05ts- governance Establlshment costs Other Dlrect Costs Office EXPnseS Repalrs and Renewals Bank Charges 46,575 26,313 43,023 6,633 3,512 5.760 356 51,733 37,128 35,436 5,266 4,901 5,737 467 871 133,255 141,539 TOTAL cosfoF RAISING FUNDS co¥rs OF RAISING VOLUNTARY INCOME 20Z5 2024 Payroll Support costs- governance Other Dlre¢t Costs 60,652 21,511 47,786 17,719 815
BEAUMOND HOUSE COMMUNITY H05PICE FOR THEYEAR ENOED 31 MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS- CONTINUED COSTS OF CHARITABLE AcfiviTrES 2025 2024 Payroll Support costs. governance Training Direct care ¢ost5 1,152,230 344,182 3,340 42,961 1,015,891 283,485 6,888 40,389 i li Establishment costs Professional Fees Offlce Expenses Travel Expenses Volunteer Expenses Repalrs and renewals Depreciation- freehold property Depreci4tlon- flxtures, fittlngs and equipment Depreciation- medical equlpment 49,951 18,775 37,089 13,645 1,679 11,647 16,397 24,472 32,926 18,955 27,659 16,966 1,047 13,879 16,397 15,936 io. SUPPORT COSTS Year ended 31 March 2025 Costs of other fundraislng attivitie5 Cost5 of providing hosplce services C05t5 of raising Voluntary income Costs of raising shop Income Total Go ernanc Payroll Marketing Audltors Remuneration Professional Fees Bank Charges Establlshmenl IS,112 429 353 750 461 15,112 429 362 7SO 462 30,223 858 725 1,500 925 241,786 6,862 302,233 8,578 7,250 15,000 9.243 12,000 7,39S Year ended 31 March 2024 Costs of other fundraising ctSvitles Costs of providlng hospice seNices Costs of ralsing Voluntary illcome Costs of ralslng shop income Total Gover Payroll Marketlng Auditors Remuneratlon Professlonal Fees Bank Charges E5tabllshment ante 13,458 13,458 190 378 726 498 26,916 380 755 1,452 996 215,325 3,039 6.040 11,614 7,971 269,157 3,799 7,551 14,518 9,962 378 726 497 17 354
BEAUMQND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL STATEMEwfs- CONTINUED li. NET INCOMEIIEXPENDITUREI Nei Incomellexpenditurel is Stated after charglng/lcreditingl.. 2025 2024 Depreclation owned assets Loss on sale of fixed assets Gain on investments other operatlng lease5 Auditorg remuneratlon Investment Mana8emenl Fees 71,3S2 1,058 7,102 5,640 7,250 59,616 27,364 4,912 7,550 12. TRUSTEES. REMUNERATION AND BENEFITS Trustees. expenses There were no trustees, expenses p31d for the year ended 31 March.2025 nor for the year encled 31 March 2024. Trustèes Remuneration During the perlod the total remuneration paid lo Trustee% wa5 £nil12024'. £nlll. 13, STAFF COSTS 2025 2024 Wages and salariÈs Soei£l security Costs Other pension costs 1,544,423 118,084 1,377,170 95,008 The average monthly number of employees durlng the year was as follows: 2025 Number 17 12 55 2024 Number 18 li 49 Shop and fundraising Office and management Care asslstants and house staff The number of employees whose total employment benefits Ilncluding salary, bonuses, and employer penslon contributions) fell withSn each £10,000 band above £60,OUD was a5 follows.. one In the band E60,000 - £69,99912024'. one In the band £60,000- £69,999). In additlDn, approxlmately 18112023 - 1701 unpald volunteers have helped the charlty during the ye4r, PENSION CONTRIBUTIONS 14. Th@ amountof pension ¢ontrlbutlons deducted from staff but rot paid to the pension provlders at 31 March 2025 was£8,153 12024- E6,1041. 15, MATERIAL LEGACIES Legacy income is only Included as Income where the leEacy has been received or both the receipt and the amount 15 known with sufficient cerlainty.
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTESTOTHE FINANCIALSTATEMENTS- CONTINUED 16. TANGIBLE FIXED ASSETS Freehold prL)perty Flxtures and fittings Medical equipment Totals COSTORVALUATION Al l Aprll 2024 Additions Dlsposa15 833,134 441,202 73,422 103,728 20,067 1,378,064 92,489 At 31 March 2025 513 526 123 795 1470 455 DEPRECIATION At l April 2024 Charge for year Eliminated on dlsposal 214,521 17,727 375,382 43.744 40 90,810 9,881 680,713 71,352 40 At 31 March 2025 232 248 752 025 NET BOOK VALUE At 31 March 2025 440 At 31 March 2024 65 £32,852 of additlons durlng the year12D24.' Enill was funded by a grant made by The Secretary of State for He£fth and Social Care, admlnistered by Hosp1 UK, 17. FIXED ASSET INVESTMENTS Shares In 8roup undertaklngs MARKET VALUE At l April 2024 and 31 March 2025 NET BOOKVALUE At 31 M8rch 2025 At 31 March 2024 There were no investment assets outside the UK. The company'5 Investments at the balance sheèt date In the share capital ol companles Include the following,,
BEAUMOND HOUSE COMMLINITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS. CONTINUED 17. FIXED A55ET INVESTMENTS- contlnued Beaumond House Tradlng Llmlted Reglstered offlcè.. Registered in the United Kln8dom Nature of business.. Dorm8nt Class of share,, Ordinary holdin8 loo 2025 2024 AgBregate capilal and reserves 18. INVESTMENT PROPERTY MARKET VALUE At l Aprll 2024 and at 31 March 2025 2QO,000 Net Book Value At 31 March 2025 At 31 March 2024 A professional valuatlon was carried out by Ri¢hard W4tklnson In the yèar ended 31 March 2023, a fellow ol rhe Royal Instilutlon of Chartered 5urveyor5, Wlth experlence in the local area. 19. 5TOCK5 2025 2024 Stocks 2,888 2.888 20. DE8TORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 other debtors Prepayments and accrued income 41,460 39,286 75,579 61,110 80,746 136,689
BEAUMOND HOUSE COMMUNITY HOSPICE FOR THE YEAR ENDED 31 MARCH 2025 NOTESTO THE FINANCIAL STATEMENTS. CONTINUED 21. CURRENT ASSET INVESTMENTS 2025 2Q24 Llsted Investments Investments are analy5ed as follows,, 2025 2024 Analy515 by type of Inve5tmenl Fixed 8nd variable interest funds Cash held within Ivvestment portfolio 488,605 12,649 482,606 8,361 501,254 490,967 The hlstoric cost of listed investments held as at 31 Mareh 2025 wa5 £432,485 2025 2024 Movement In market value of inv@stments Market value at the start of the year Additiors at CD5t DIspDsals proceeds In¢rease/ IdÈcreasel in cash held within the investment portfolio Net galns on investment assets 490,967 102,795 1103,8981 4,288 7,102 460,059 66.475 157,AV621 15,469 27,364 Market value tt the end of the year 501,254 490,967 22, CREDITORS; AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security and other taxes Other creditors Accruals and deferred Income 27,018 62,521 50 23,563 30,965 Deferred income amoullted to E13,55012024'. E2.4501, In relation to advance 5ponsorshlp received for the 2025 Dragon Boat Festival, LEASING AGREEMENTS Mlnimum lease payments under non-can¢ellable operating leases fall due as follows., 2025 2024 Withln one year Between one and live years 5,080 5,640
BEAUMOND HOUSE COMMUNITY HOSPICX FOR THE YEAR ENDED 31 MARCH ZOZ5 NOTESTO THE FINANCIALSTATEMENTS- CONTINUED 24. MOVEMENT IN FUNDS Year ended 31. March 2025 Net g#lns and1055e5 on investment asset5 Balance at l April 2024 Balance at 31 fvlarch 2025 Income Expendlture Trnn51er5 Unrostrlci*d hJnd5 General funds Designated funds Total Unrestrictsd Fund5 1.870,179 959 110 2 829 289 1,730,353 IX,163,8241 6,014 678 678 1,443,430 958 432 1790 353 2 163 824 Restrlcted Funds Actlwtttes Equipment Coronavlrus Refuibishmenl and de(ar8tlon Therapy Total REsirlcted Funds 4,029 29,610 2,3QkJ 441 2,350 56,621 12,41DI 159,4031 3,969 26,828 2,300 5,310 5,000 11311 Total Funds -_[.9.44 Durlng the year, the charlty received £32,85212024,' £nill from Hosplce UK, zs the dlgtrlbLrtors of the funding 8rant made by The Secretary of State for Health and So¢lal Care. stlpLilated by thè grant furndlng agreement, the funds were spent by the 315t March 2025 In respect of eligible expendtturÈ. Elieible expenditure 15 defined as expendSture on cap5tal Items necessaryto deliver funded attivltlps. MOVEMENT IN FUNDS Year ended 31 March 2024 Nèt galns and1055e5 on Investment a55ets &alar5ce at l April 2023 B3larLCQ at al Maich 2024 lrncome ExpÈndlture Transfers Unr¢strkted fund5 fjeneral funds Deslgnated funcls Total Unrestricted Funds 1,567,178 959 110 2 526 288 2,167,036 11,B91,3991 27,364 1,870.179 959 110 2 829 289 Restrlttrd Furd5 Aetlvltles Equipwnent Hosplce at Home Inpatlent CoroDavlrus Refurbishment and decor3tion Therapv Total Restrlrted Fyn4s 3,180 18,240 1,50D 36,099 5,000 30,000 16511 124,7291 15,0001 130,ODOI 1961 19,3821 4,029 29,610 2,396 9,823 2,300 441 Total Funds
BEAUMOND HOUSE COMMUNITY H05PICE FOR THE YEAR ENDED 31 MARCH 2025 NOTESTO THE FINANCIALSTATEMENTS- CONTINUED 25, MOVEMENT IN FVNt)S- contlnued Description5 of the purposes of the various unrestricted designated funds are given below.. Flxed Assets The designated fund for flxed assets Is that part of unrestricted funds representinE fixed assets which cannot reasonably be expected to be realised in the short term. The designated fund includes a revaluatlon reserve of £59,696 relating to the revaluatlon of fixed assets. Dexrlptlons of the purposes of the various restrlcted funds are as follows: Activities Coronavlrus Equipment to as$15t in the provision of aclivitles for patlents to fund the continued opergtion of the charity's shops towards the cost of equipment to enBble our staff to provide sultable Care for our patients establlshed to offer nursing and emotional support for p2tlents In their own home established to offer nurslng and emotlonal support for patients durlng their stay al the Hospice to fund the costs of rehJrL)Ishing and decornting the Hospice to fund the e05ts of complementary therapy and day therapy services Hosplce 3t Home Inpatient Refurblshmenl and decoratlon Therapy 26. RECQNCILIATION OF NET INCOMVIEXPENDITUREITO NETWH FLOW FROM OPERATINfj AcfiviTIE5 2025 2024 Net Incomellexpendlturel for the rèportlni perlad las per the Statement of Finan¢lal Actlvltlesl Adjustments for: Depre¢latlon charBe5 Di5P05al of. Flxed Asset (Gainll Loss on investments Interest received Dividend5 received Increaselldecrease In stocks Dpcrease in debtors Increase In creditors 1427,5671 309,578 71,352 1,058 17,1021 129,0481 19,9011 59,616 27,3G41 124,2391 19,7481 55,943 45,769 139.957 14,412 Ngt cash provlded by lused Inl oporatihg a¢llvltlos 1299fv961 462,219 27. RELATED PAKfY DISCLOSURES During the year the charity acquired professional 5ervlces and goodstotalling £1,19012024- £1,674) from Duncan and Toplls Limited, a company lo whom Mr I Phllllps is an advisor. As 31 Mar¢h 2025 E23212024- £nill was due to Duncan and Toplls Limited. Donatipns received from trustees and thelr related entllles tot8lled £1,17512024- É3,6171, rotal remuneratlon paid to key management personnel during the year was £263,49212023 - £243,0681-