R8gisler8d number: 02906838 Charlty number: 1035600 NIGHTINGALE HOUSE HOSPICE TRUSTEES. REPORT AND FINANCIAL S,TATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 WR Partners Protecting your future.
NIGHTINGALE HOUSE HOSPICE (A company Ilmited by guaranlea) CONTENTS Page Reference and admlnlstratlve detalls of the Charlty, Its Trustees and advlsers Trustees, report Indepand8nt auditors, report on the financlal slatements Consolldated statement of flnanclal actlvltlos 12-15 16 Consolidated balance shaet 17-18 Charlty balance sheet {$tatem¢nt of flnanclal posltlon) Consolldated 8tat8m8nt of cash flows 19-2Q 21 Notes to the financial statements 22-46
NIGHTINGALE HOUSE HOSPIGE (A company Ilmited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Mrs E Grlffiths, Chalr until 31 July 2024 Dr N Braid, Vice Chalr Mrs A Brebner Mr C Burgoyn8, Chairfrom 31 July 2024 Mr R Cole Dr J Duguid Mr G Greasley Dr l Happs (appointed 1 April 2025) Hi8 Honour R P Hughes Mrs C Jones (resigned 11 June 2024) Mrs J Lowe Mr R C Thomas Mrs C Varfey (resigned 7 May 20241 Mr P R Weston Company reglstered nurnber 02906838 Charfty registered number 1035600 Reglstered office Nlghtingale House Chester Road Wrexham LL112SJ Key Management Personnel Lauren Ernberton - Chlef Ex8CUtive Officer steve Parry - Acting Chief Executlve Officer, May - Decamber 2024 Mandycunningham - Dlrector of Cllnical and Patient Services, resign8d May 2024 TraceyThDrnas - Director of Pad6nt and Clinical Servic88, appolnted Jung 2024 Laurs Parry- Dlr8Ctor of Incorne Generatlon Robert Cole - Director of Finanoe Samantha Scott- DireGlor of Operations Melissa Everett.. Medical Director Caroline Jones- Diractor of Communications. appointed June 2024 WR Par,tners Chartered Accountants elmont House ShrewFbury Busln&s$ Park Shr8wsbury Shropshire SY2 6LG Independentauditors Pag8 1
NIGHTINGALE HOUSE HOSPICE {A company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Bankors Barclays Bank plc Raymond Court Princes Drive Colwyn Bay LL29 8HT Sollcllors DTM Leg81 Archway House Statlon Road Chester Cheshire CH13DR Inveslment Managers Brewin Dolphin 1 The Avenue Spinningfields Square Manchester M3 3AP Page 2
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their Annual R6POrt together wlth the audited flnancial statements of th8 Charity for the yaar from 1 January 2024 to 31 Dec@mb8r 2024. The Annual Report seNes the purposes of both a Trustaes, Report and a Directors, Report under company law, The Trustees confirm that the Annual Report and financial statements of, the charitable company comply with the current statulory requirements, the requlrements of the charitable company's governino document and the provisions of the second edltion Statement of R8comm8nd8d Practice (SORP) applicabl8 to charitias preparing their accounts in accordance with the Financial R@porting Standard applicablo In the UK and Republic of Ireland {FRS1021 {October 20191. Objectlves and actlvltles a. P¢llcies and objective5 The object of the Charlty is to provide services for individuals and their families living within North East Wa16S and the border areas who are living with a diagnosis of progressive andlor life limiting illness, delivered, when Pogslble, in Ihe location of their choice and always within Ihe resourc&8 available to Nightingale House Hospice. In setllng oblettlves and pl8nnlng for actlvltles, the Trustees have given due consSderatlen to general guidance publlshed by the Charlty Commlsslon relatlng to publlc benefit, Includlng the guldance 'Publlc benefit,, running a charity {PB2)'. b. Strategles for achlevlng objectlves To monitor sta'ndards of patl8nl 8nd family care and 8Stablish a programme of c(Jnlinual review and improvement in Ilne wlth local, regional and natlDnal speclallst palliative care strategies and standards. To ensure all seNices are provided in safe. pleasant and well maintained premises appropriata and fit for purpose in, collaboration with other health and social care providers. To ensure equlty of access to hospice servlces for patlents and famllles Identlfled within our organisations, aims. The strategies employed to achieve the CharItS objecttves and to ensure we dellver public b6n@fil are". Maihtsnance of a suitably qualified and experienced multl disciplinary team Corporate and clinical governance monitoring Quality assurance audits locally and nationally peer reviewed A programme of staff development and training c. Activlties undertaken.to achieve objectives Following an 8ss&ssment of physlcal, emotional, social and spiritual needs, servlcès wlll b8 delivered by a multi- disciplinary t8am, traihed and competent to me@t th8 needs of all pati8nts, including thos8 with complex, specia15st needs. To provide the highest quality of health care in an aPpoprIate and safe environment and through developing CollabolIve working partn8Fships Wlth Health and Social Care providers within the local community. d. Volunteers The Charlly is dependent on the help of approxlm8tely 453 actlve volunteers who provide incredible lev61s of support. Volunteers assist in all aFeas of the hosplce and income generation, and are a very important part of the organlsation. Page 3
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Objecllves and activities (¢ontinugd) e. Maln activitiès undèrtaken to further tha Charity's purposas for the publlc beneflt Mc>nitor standards of patient and family care and establish a programme of continual revlew and Improvement in Ilna wlth local, regional and natlonal specialist palliative care strategias and standards. Tre Trustees have given due consideratlon to the Charity Commission's guidance on public beneflt when revlewlng the objectives and In deciding what activities the Charlty undertakes, The Trustees are s8tlsfied that th& achievements and planned activities contribute to the objectives thay have set. strategiG report Achi8v8ments and porformanc8 a. Key performance Indicators Flnanclal performance Is monltored monthly by the execullve management team. It Is also rewewed and dlscussed at quarterfyfinance commlttee meetings and at all formal board meetlngs. b. Review of activities The Hospice mel tts objective of providing a compr8hensive range of qualty senrices to its patients free at thg point of delivery. c. Investment policy and porformanco According to the Memorandum and Articles of Association, the Trustees have the power to invest such part of the funds as they may 8ee fit. Current funds are invested to gan&rate Incorna and capital growth wlth dlversifi8d risk. Th8 Portfolio therefore comprises of cash and fixed interest investmgnts and global equities. Funds are managed by Brewln Dolphln under thelr Income and Growth R8tum Category, This eAtegory Is well diversifigd by asset class. Th8 Portfolio will b8 generally m8asured against th@ APCIMS Balanced Index but will be managed to our individual needs. Int@rest and divldend income of £26K (2023: £32KI earned in the year wss relnvested in the portfolio. It is the policy of th@ Board to invest reserv8s where possible in order to augment income and offs8t inflalionary trends. Funds are Invested so as to generate income and capitsl growth within a "Balanced. benchmark and a low Risk Category of 6. Page 4
NIGHTINGALE HOUSE HOSPICE (A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 strateglc. report (conllnuod) Flnanclal review Going concern The Trustees have a reasonab18 expectation that the Charity has adequate resources to continu8 in oparatlonal existence for th8 foreseeable future. For this reason. they contlnue to adopt the going concern basls In preparing the financial statements. FLJrthor details regarding the adoption of the going concem basls can be found in the accounting policies. b. Resarves poli¢y It is the policy of the Bcard to maintain free cashlquasi cash reserves at a minimum 16v&l equaling to 6 months expenditure in order to ensure continuity of service in view of variable receiptg, fundlng levels and the uncertain times we are operatlng in. At thg y9ar end the total funds are £8,595,442. (2023.. £8,833,9'45} of which £2,109.738 {2023: £2,144,447) ar8 restricted fund8, consisting primarily of fixed assels. and £6,485,704 (2023: £6,689,498} relate to unrestricted reserves. These unrestricled reserves have been designated as follows: General reserves Less deslgnated'funds.. Tangible fixed assets Hospice Subsidiaries fixed assets Property maintenance and repair Balance £6,485,704 ,506,397 £82,903 £50,ODO 846,404 The balanc8 of unreslrict&d reserves is to cover 6 months running costs at the Hospice. Paga 5
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Result forthe Year The Group made 8 deficit of £239k for the year. Positive movements Sn the stock rnarket V8luatlons resulted in a net gain on our Investment of £141k. Fixed Asset Investments held at 31 DeGemb8r 2024 ware valu8d at £1.75 million. The figure Includes income of £26k which was relnvgsted in the fund. Total Incom8 for 2024 of £5.98 million was down £500k on th6 amount in 2023 The principal fundlng sources for Ihe year aside trom the trading subsidiaries were Local Health Board Core funding of £1 m, grants of £590k and legacles and bequests of £593k. Expenses Increased by £730k in the year to £6.36 million - equivalent to 13'A. Staff costs equate to 64/0 of the totsl expenditure. Th8 av8rage number of employees during tha y8ar was 128, which is 7 higher on Ihe level In 2023 (121). Durlng 2024 our total charitabl8 8xpenditure was al £4.58 mllllon equlvalenl to 72°/o of total @xpenditure. Group nel assets stand at £8.6rn which is a decrease of £239k compared to 2023. Cash held as worf(ing capltal at the year end was £761k. Subsidiary Companles.. Nightlngale House Lottery Limited achieved a net profit of £408k compared to £471k in 2023. The profits w&re gifted to the charity under the Gfft Aid schéme. Nightingale House Promotions Limited made a loss of £7k for the year after transferring gift aid on donated goods of £438k {£198k profit in 2023). ¢. Princlpal rlsks and uncertalntl88 Primary risks involve a fallure to set a budget which is both achievable and 6nsures that the objectlves of the Charity are met, a failure to accuralaly r8POrt the ongoing financial performance ofthe Charty in a timely fashlon, reserves being jeopardised by poor cash management and Investm9nt losses due to unforese8n s8V8re market conditions, and financi81 loss caused by fraud or theft, The Trustees have ass&ssed the major risks to which the Charity and the Group is exposed, in partlcular those related to the operations and finances of fhe Charlty and the Group, and are satisfiod that systems and procedures are in place to manage our exposure lo the major risks. The Gurrent economlc challengas continue to Impact the UK and Nlghllngale Hous8 Hosplce during 2024, and like many other charities and buslnesses throughout the UK, our Income streams hav8 b6en impacted. 2025 will contlnue to be a challenge with a budgeted small deflcit and every effort wlll be mada to mitigat8 these losses. The Trustees and Executive Management Team have always been prudent with regards to financial management. and it is antlcipated that thls economic stomi will Gontinu8 to be weathered. If difficult trading conditions conllnue, then the seIS off@r8d will be r8view8d and realigned within budgets available. Page 6
NIGHT.INGALE HOUSE HOSPICE (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEIJIBER 2024 d. Flnanclal risk management objectives and policies The primary financial risk management objectives and policios centre on robust budgetary control and financial reporting, a robust reserve, cash management and investment pollcy, and a strong anti fraud and error infrastructure. e. Prlnclpal fundlng The principal sourc8s of funding in the year have been Restrlcled Grants, Fundraising (whlch includes Donations, Campalgns and Events), followed by Statutory income, Lottery income, Retail, Gifts in Wills, and Gift Aid. StructLrreg governance and managomant Constitution The Charity and the Group Is registered as 8 charitable (private) company limited by guaranlee and was set up by a Momorandum ofAssociation on 4 March 1994. Th8 company was Incorporated In Wrexham, UK. The Charlty and the Group is constitut8d und9r a Memorandum of Assoclation dated 4 March 1994 and is a reglstered charity (number 10356QO). Each member undortak8S to contrlbute a maximum of £10 to the Charity's assets should it be wound up. b. Methods of appolntment or election of frusle88 As set oul in the Arlicles of, Association no person shall be appolnted a TruslBe unless they have attalned the age of 18 years snd been recommended by the trustees not less than fourteen nor more than thirty five days before the date appointed for the general m8eting. Trusl88s nominated are representative of the skills and experienc8 naaded by the Trustee Board to ensure a balanc& of professional expertlse. In accordance with the Articles of Association any Twstea appolnted outside of thls tlme period can only hold office to the follong general meetlng at which they have to stand for election. Trustees ar8 816Cted for a period of three years. Prior to the annual general meeting the Trustees nearing the end of their term are asked wh8th8r they wish to continue for a further period of three years. Those willing are reappointed at the annual general me6ting. The minimum number of trustees shall nat he less than five. All Truslees give their time voluntarily and receive no benefits from the Charity. c. Policles adopted,for the indvctlon and training of Trustees Upon being appointed, Trust8as are provlded with Inductlon training as are staff and voluntears. Half day Board of Trustees meetings whlch are held twi a year provid8 Opportunity for Trustee trainlng updates on regulatory complianc8 and service developments. Additlonal infomiation is supplied upon appolntment, by means of the New Trust&8 Folder which is issued to all new Trustees. Page 7
NIGHTINGALE HOUSE HOSPICE (A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, govornance and management (contlnuedl d. Oryanisatlonal structure and declslon maklng Th8 organisation is commonly known as Nightingale House Hospice and is gov8rn8d by a Board of Trust88S which is responslble for setting the strategic diractlon of the organlsation and for 8Stablishing pollcy. The Board m88ls quarterly, as do 0th8r commltl&es which cov8r'. strategy {m8et every slx months) Clinical Finance Human Resources Incom8 Generation Governance Therg are also quarterly sub-committees for Health and Safety, Facllities and Lott8ry, e. Pay pollcy for key managem8nt p8rsonnèl The rgmuneratlon of senlor staff is based on market rates and is r8viewed annually by the Trustees. f. Related party relationships The Charity has subsidiari8s Nightingale Hous8 Lott8ry Limited and Nightingale House Promotions Lirnited. Nightingale House Lottery Limil8d and Nightingale House Promotions Limited gift aid their profits to tha charity. Nightingal8 Hous6 Lottery Limlted administers a weekly lottery and other raffles and draws. Nightingal& House Promotlons Limlted operates the charity shops. cafes, e comm8rce. gift shop and sale of merchandlse. g. Flnanclal risk managem6nt The Trustees have assessed thg major risks to which the Group and the Company are exposed, in particular those related to th8 operations and finances of the Group and tho Company, and are satisfied that systems and proc@dures are in place to mitigate exposure to the major rlsks, h. Trustees. indemnltles Trustee indemnity Insurance is in plac6 for the Trustees. Plans for future periods Hosplce 5 Year Strategic Plan (2023- 2028) The Strat8glc Plan for the hospice from 2023 - 2028 includès: Increasing the number of individuals able to access hospice services Improve th8 patient environment Increase community presence to Increase more palliative care pati8nls Increase Fundralsing Income and develop new ideas to maintain lottery contributlon Increase community engagement and grow corporate partnerships To deliver the retail sales plan that aGhieves budgeted contribution through the existing ratail esiate Pagè 8
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEPJtBER 2024 Plans for future perlods (continuod) Cllnlcal Ilf8 now been over a year since our In-patient unit (IPU) was modemis&d and our patlants, family and slaff are experiencing thg beneflts. The prlvacy, the gardens, dinlng and kltchen area all contribute to the dellv8ry of exc8Ptional cara, that is, unlque to a hospic8 environment and welcomed when'most needed. Patient flow, wellbeing, rehabilitation and famlly support sarvices continue to hav6 a regular fEow of patlents, working together, adaptlng to the changing needs of patlents and continuing to provide a high standard of sgrvices. Our partnership with Supporttve Care UK goes frc)m strength to str8nglh. They continue to d81ivar the highest levgl of Gonsultanl support for our patlents, ensuring that Nlghtingale House has access to the v8ry begt consultant support 2417. It has been our environmental goal to become paper light, moving towards 8lactronic patient records and we 8XPeCt to achieve thls in 2025 now that we have Identified a suitable system. This is also a fundamental component of modern heallh car& that driv8s improv9ments in salety, quallty, efficlency and patient engagement, enhanclng the care Nightingale House offers. Our goal is to increase the r8ach, gspecially to those Ilvlng with progresslve neurological conditions, to reach them earlier so they can recaive the ben8fit¥ of what we offer, improving their quality of life and symptoms. Informatlon on fundralslng practlces All Fundralsing activities are completed by lh6 Nightingale House Hospico fundraising team apart from the sale of lottery membership. The Lottery team Is responsible for the sales and administration of the hospice lottery, supported by 1 part-time self-employed canvasser and Sterling Lotteries who run the lottery each week. Canvassing activity has started to incr&ase in 2024 and we plan lo appoint a canvassing company in 2025 to help grow our lottery membership going fonward. We adher& with th9 Codg of Fundraislng Practice issued by the Fundralslng Regulator. Th6 lottery team. including th8 S81f-employed canvasser and Sterling Lotteries musl ablde by the Gambllng Comrnission. regulations and guidance Set out by Nightingale House Hospice managem8nt. All activities of canvassers ar8 monltored by the inhouse team and sales are followed up by to ensure quality standards are maintained. No lottery complaints were rocfyiv.ed during 2024. Our Privacy Policy included the use of personal data for fundraising purposes. This policy also includes details of our external Data Protection Officer should individuals hava any concerns regarding the use of their data. All fundraising documentatlon 1.8. gift aid forms, fly.8rs, reglstration form8, 8tandard1gtters efc all contain a link to the poIiGy and Instructlons on how to opt out of fvture cornmunicatlon. Annually, we review porsonal data held regardlng, supporters to ensure that It Is uy to dats, accurate and not retained longer than requlred. Pagg 9
NIGHTINGALE HOUSE HOSPICE (A company limlted by guarantee) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for future periods {contlnued) Plans for future periods (contlnued) Refreshed fundraising initiatives to respond to changing trends Increase Lottery memb8rship, through increased canvassing activity Increased r8source to build r8lationships with corporate supporters Designated resource to refocus our relationship wlth Sndlvldual supportars and galn long-torm support to the hosplce's future. Funds held as custodlan There were no funds held as custodian. Retall As stated earliar in this reporL (und8r subsidiary companlesl Nlghtingale House Promotlons Ltd made a loss of £7k ft)r 2024, aftertransferring glfl ald on donated goods of £438k. Ongolng performance of the retail op&ration continues to b8 closely monitored, Includlng our catering ann, whl¢h is set for some changes in 2025. Despite the challenging'financial environmgnt, we have seen hug8 growth in our ecommerce operatlon and sign ups to gift ald on donated gifts. Statement olTrustees' responslbllltles The Trust8es {who ar8 also the directors of the Charlty for the purposes of company law) ar8 r8sponsible for preparing the Trustees, Report Including the Strateglc Report and the financial st81aments In accordance with applicable law and Unlted Kingdom Accounting Standards (Unit8d Kingdom Generally Accepted Accounting Practice), Company law requlres the Trustees to prepare financial statements for each financial year. Under company law, the Trustees musl nol approve the financial statements unless they are satlsfied that they give a true and fair view cf the state of affairs of the Group and the Charity and of th8ir incoming rpsources and application of resources, including their Income and expenditure, for that period. In preparing these financial statements, the Trustees are required to.. S81ect suitable accounting policies and th6n apply them consist6ntly; observe the mathods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent,. state wheth8r applicable UK Accounting Standards {FRS 102) have t>e6n followed, subject to any mat8rial departures disclosed and explained in tho financial statements., and prepar8 the financial stalements on the going concern basis unless it is inappropriate to presume that the Group wlll continue in business. The Trustees are responsible for keeplng adequate accountlng records that ara sufficient to show and explain the Group and the Charitys transactions and disclose with reasonable accuracy at any time the financial position of the Group and th6 Charity and 6nable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguard5ng the assets of th8 Group and the Ch8rity and henc8 for taking reasonable steps for the preventlon and detection of fraud and other irregularities. Page 10
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Dlsclosure of informatlon to audltors Each of the persons who are Trustees at the tlme when. this Trustees, Report is approved has conflrmed thal: so far as that Trustee is aware, there is no relevant audit infomiatlon of which I'he ¢haritab18 group's auditors are unaware. and thal Trustee has tak8n all the steps that ought tc have been tak8n as a Truste8 in order lo be aware of any relevant audit Infomiation and to establish that Ihg charitable group's audltors ar6 owar8 of that information. Audltors The auditors, WR Partners, hav8 indicatod thelr wllllngness to contlnue in office. Tre d6signated Trustees wlll propose a motion reappointing the auditors at a meeting of the Ttijstees, Approved by ord8r of the members of the board of Trustees and Signed on their behalf by. Mr C Burgoyne Chair of Trustees Date: Dr N Braid (VI Chair of Trust8es} Page11
NIGHTINGALE HOUSE HOSPICE (A company Ilmltad by guarantea) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NIGHTINGALE HOUSE HOSPICE Oplnlon We have audited the flnancial statements of Nightingale House Hospic8 (the 'parent charltablé companl) and its subsldlaries (the 'group') for the year ended 31 December 2024 whlch comprise the Consolldated Statement of Financlal AGlivit188, the Con80lidat6d Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows and the related notes, including a summary of signiflcant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unlted Kingdom Accounting Slandards, includlng FinanGial Reporting Stsndard 102 'The Flnancial Reporting Standard applicabla in th& UK and Fiepublic of Ireland, (United Kingdom Generally Accepted Accountlng Practice). In our opinlon the financial slatements.. give 8 true and falr vlew of the state of thg Group's and of the parent charitable companls affalrs as at 31 December 2024 and of tha Group's incoming reSoUrS and appllcatlon of resources, Includin9 Its income and expendlture for the year then end9d' have been properly prepared in accordance with United Kingdom Ggnerally Accepted Accountlng Practlce,. and havo been prep8red in accord8nce with the requlrements of Iha Companies Act 2006. Basis for oplnlon We Gondu¢tgd our audit In accordance wlth Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibiltties under those standards ar8 furth&r described In the Audltors, responslbllllles for Ihe audit of the financlal statements section of our report. We are Independent of the Group in accordance with the elhical requirem8nts that are relevant to our audif of the financial stat&ments in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audlt evldence we have obtained is sufficient and approprlate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financlal statements, we have concluded that th8 Trustees, use of the going concem basis of accountlng in the preparation of th& flnancial stat8ments is approprfate. Based on thg work we have perfomied, we have not Id8ntifled any mat8rial uncertainties relatlng to events or conditions that, Individually or collectively, may cast significant doubt on the Group's or the parent charitable Company's ablllty to continu6 as a going cuncern for a period of at least tweEve months from whan th6 flnancial statements ar8 authorised for issue. Our rasponsibilities and the responslbililies of the Trustees wlth respect to golng concem are described in the relevant sectlons of th[8 report. Page 12
NIGHTINGALE HOUSE HOSPICE {A company limitsd by guarantoe) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF NIGHTINGALE HOUSE HOSPICE (CONTINUED) Other Infomiatlon Th6 other information comprises the Infomation included in the Annual report other than the financial stat8m&nts and our Auditors, report thereon. The Trustees are responsible for the other information contalned wlthln the Annual report, Qur opinion on the financial statements does not cover the other information and, except to the 8xt8nt othenmise explicltly slated in our report, we do not express any form of assurance conclusion therecn. Our responsiblllty Is to read the other Information 8nd, In dolng so, consider whether the other Information is materially inconsistent wlth the financlal Statements or our knowledge obtained in the course of the audit, or tstherwise app@ars to be materially misstated. If we identify such material inconsistencies or apparent material misstatèments, wa ar8 r8quir6d to d@t@rmin8 wh8th8r this giv8s rise lo a material misstatement In the financial statements themselves. If, based on the work we have performed, we conclude that there is a mat(*rial mlsstatement of thls other Informatlon, we are requlred to report that fact. We have nothing to report in this regard. Opinlon on oth8r matlors prascribed by the Companies Act 2006 In our oplnlon, based on the work undertaken in th? course of the audit: th8 infomiation given in the Trustees, Report including th8 Strat8gic Report for th8 fin8n¢ial year for which the financial statomorits are propar9d is consistent with the financlal statemenls. the Trustees, Report and the Strate9ic Report have been prepared in accordance with applic8blo legal reqyir8m8nts. Matters on whl¢h we are requlred to report by ex¢eptlon In the light of our knowledge and understanding, of the chqritable company and its environment obtained In the course of the audit, we have not identified material misstatements in th8 Tru8tee5' Roport including the Strategic Report, We have nolhing lo report In respect of the following matters in relation to which Companies Act 2006 raquires us to report to you If, In our opinion., the parent charitsble company has not kept adequate and sufficient accounting records, or retwrns adequate for our audit have not been received from branches not visitod by us. or the parent charitable company financial ststements are not in agreemont with the accounting recordg and retums., or certain disclosures of Truslees, remuneration specified by law are not made., cr we have not re¢eivgd all the information and. axplanalions we requlre for our audit. Page 13
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NIGHTINGALE HOUSE HOSPICE {CONTINUED) Responslbillties of trust88S As explalned more fully in the Trustees, Responsibiliti8s Statemgnt, the Trustees (who are also the directors of the charitable GOTnpany for the purposes of company law) are responsible for the preparatlon of the financlal statements and for belng satlsfied that they give a true and falr view. and for such internal control as the Trustees determine Is necessary to enable the preparatlon of fln8nclal statements that are free from malerial misstat&ment, whethgr du& to fraud or error. In preparing the financlal statements, the Trustees are responsible for assesslng th8 Group's and the parent charitable company's ablllty to contlnua as a golng concem, dlscloslng, as appllcable, matters related to going conc8rn and using th8 going concern basis of accounting unless the Trustees either intend to liquidate th8 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. Audltors, responslbllltl88 for tho audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal mlsstatement, whether due to fraud or error, and to issue an Audltors, report that includes our opinion. Reasonable assuran is a high level of 8ssurance, but is not a guarantee that an audit conducted in accordance with ISA8 {UKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are ¢onsidered material If, Individually or In the aggregate, they could reasonably be expected to influ8ncg tha 8conornic decisions of u88rs taken on the basis of th8S8 financial statements. Irregularftles, Includlng fraud, are inStanS of non-compliance with laws and regulations. We design procedures In Ilne wlth our responslbilitios. outlingd abovg, to detect material misslatemgnts in respect of irregularltles, including fraud. The extent to which our procedures ar6 capable of detecting irregul8rÈties, including fraud is detailed below.. The audit 'leam obtained an understanding of the legal and regulatory frameworks that are appll¢able to the Group and determined that the most significant are IhDs8 that relate to th@ reporting framework (FRS102 and the Companies Act 2006). the relevant tax compliance regulations, employment law, Health and Safety Regulations and the EU General Data Protectlon Regulation {GDPR). We understood how the Group Is complylng with these frameworfis by maklng enquirfe8 of management and those rosponsiblo for legal and compliance procedures. We reviewed board minules to Identlfy any recorded instancès of irr8gularity or non compliance that might have a material Impact on the financial stat8m@nts. We assessed the susceptlbillty of the Group's financial statements to material mlsstatement, Includlng how fraud mlght occur by meeting wilh key managem&nt to undérstand where they are consldered there was susceptibility to fraud. Based on our understanding our procedures involved enquiries of management and thos6 charged wlth gov6mance, manual journal testing, cashbook reviews for large and unusual items and the challenge of slgniflcant estimates used in preparing financial statements, Because of the inherent limitations of an audit, there is a risk that wa wlll nol detect all irregularities, including those leading to a material misstatement In the financial statements or non-compllance with regulation. This risk increases thg more that cempliance with a law or regulation is removed from the events and transactions reflpoted in the financial siat8ments, as we will be less likely to become aware of instances of non4ompliance. The risk is also greater regarding irregularities occurring due ta fraud rather than error, as fraud Involves intenlicnal conceslment, forgery, collusion, omission or misr&presentation. A furth@r description of our responsibilities for the audit of the financial statements is located on th8 Financial Reportln£ Councll's website at: www.frc.or .ukla ibilities, This description forms part of our Audltors, report. Page 14
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF NIGHTINGALE HOUSE HOSPICE (CONTINUED) Us• of our report This report is mad8 solely to the charitable company's members, as a body, in accordanc@ with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken so that we might state to the charitsble companvs members those matters we are required to slate to them in an Auditors, report and for no other purpose. To the fullest exlent permitted by law, we do not accept or assume responsibility to anyone other than the charltable company and its members, as a body, for our audit work, for this report, or for the opinions we have fomied. Andrew Malpass BSC FCA (S8nior statutory audltor) for and on behalf of WR Partners Charlered Accounlants Statutory Auditors Belmont House Shrewsbury Bu8in6ss Park Shrewsbury Shropshire SY2 6LG Date: ol Pag8 15
NIGHTINGALE HOUSE HOSPICE (A company limlt8d by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds 2024 Rastrlcted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and16gacies Charltable adivities Other trading activities Investments 3.043,488 3,043,488 589,703 2,282,218 68,881 3,305,296 669. 164 2,408,033 98, 184 589,703 2,282,218 68,881 Total Income 5,394,587 589,703 5,984.290 6, 480.677 Expendlture on: Raising funds Charftable activlties 1,782,930 3,956,422 1,782,930 4,580,834 1,630,688 4.002,804 624,412 Total oxpenditure 5,739,352 624,412 6,363,764 5. 633,492 Ngt gains on investments 140,971 140,971 82,7TI Net movement in funds {203,794) (34,709) {238,503) 929,956 Reconciliation of funds: Total funds brought foNard Net movement in fijnds 6,689,498 {203,794) 2,144,447 {34.709) 8,833,945 (238,503) 7,903,989 929,956 Total funds carrled forward 6,485,704 2,109,738 8,595,442 8, 833,945 The Consolidated statement of financial activitles includes all gains and losses recognisad in the year. The notes on pages 22 to 46 form part of these flnancial statements. Page 16
NIGHTINGALE HOUSE HOSPICE (A company Ilmited by guarantee) REGISTERED NUMBER: 02906838 CONSQLIDATED BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Noto Flxed assets Tangible assets Investments 1.3 14 5,608,230 1,747,340 5.847,6¢ 1,345,146 7,355,570 7, 192, 750 Current assets stocks D8btors Cash at bank and in hand 15 16 16,417 906,881 760,983 17,213 1,181,132 1, 124,094 1,684,281 2,322,439 Creditors- amo.unts falling due within one year 17 (435,089) (S71, 659) Not curront assets 1,249,192 1. 650, 780 Totsl assets18ss current Ilabllltles 8,604,762 8.843,530 Provisions for liabilities 18 {9,320) {9,585) Total net assets 8,595,442 8,833,945 Page 17
NIGHTINGALE HOUSE HOSPICE {A company Ilmlted by guarant88) REGISTERED NUMBER: 02906838 CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 2024 2023 Note Charlty funds Restricted funds Unrestricted funds 19 2,109,738 6,485,704 2, 144,447 6, 689,498 19 Total funds 8,595,442 8,833,945 The Trustees acknowledge their r68ponsibilities for complying wlth the requlrements of th9 A¢t wlth rgspect to accountlng records and prgparation of financlal Statements. The financi21 statements were approved and authorised for issue by the Trustees and signed on their behalf by: WV Mr C Burgoyne (Chair of Trust8@sl Dr N Braid (Vic8 Chair of Trust8es) The notes on pages 22 to 46 form part of these flnancial ststements. Page 18
NIGHTINGALE HOUSE HOSPICE {A company Ilmlted by guarantee) REGISTERED NUMBER: 02906838 CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Noté Flxed, assats Tangible assets Investments 13 14 5,525,328 1,747,340 5, 737,257 1,345,146 7,272,668 7.082.403 Current assets Stocks Debtors Cash at:bank and in hand 15 3,605 1,103,430 200,045 3,605 1,36Q,017 610.336 16 1,307,080 1,973,958 Creditors: amounts falling due within one y8ar 17 (275.2481 (519.679) Net current a8Sats 1,031,832 1,454,279 Total assets less current liabilltles 8,304,500 8,536,682 Provisions for liabilities (9,320) (9,585) Total net a88gt& 8,295,180 8,527,097 Pag8 19
NIGHTINGALE HOUSE HOSPICE (A company Ilmited by guarant88} REGISTERED NUMBER: 02906838 CHARITY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 2024 2023 Note Charlty funds Restriot8d funds Unrestricted funds 19 2,109,738 6,185,442 2, 144,447 6,382,650 Toial funds 8,295,180 8,527,097 The Charltls net movem8nt in funds for the year was £(231,917) (2023 - £732,392). The Trustees acknowledge their responsibilities for complying with the requirements of the Act wlth respect to accauntlng records and preparalion of financial statements. Th8 financial statements were approved and authorised for issue by the Trusl88s and sign8d on their behalf by: Mr C Burgoyn {Chalr of Trust8e8) Date.. Dr N Brald (Vice Chair of Trustees) The noles on pages 22 to 46 form part of these financial statements. Page 20
NIGHTINGALE HOUSE HOSPICE (A¢ompahy Ilmlted by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Cash flows from operating actlvltles Net cash useé In operatlng activities 21 4,831 598,612 Cash flows from investing activiti88 Dividonds, Int8r8sts and rents from Investments Purchase of tangiblE fixed aB3ets Proceeds from sale of Investments Purchas.e of investments 68,881 98, 184 (162,196) (2,192,453) 439.846 (714,473) Net cash used in investing activities (367.942) (2,094,269} Change In cash and cash equlvalents in the year Cash and cash 8quivalent& at the beginning of the year 1363,111) {1,495,657) 1,124,094 2,619,751 Cash and cash equivalents at th8 end of the year 760,983 1, 124,094 Th8 nol85 on pages 22 to 46 form port of these flnanolal statèments Page 21
NIGHTINGALE HOUSE HOSPICE {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General Informatlon Th8 Charfty is a company limited by guarantee incorporated in England and Wales. The r6glster6d address and the members of the company are named on page 1. In the event of the Charlty being wound up, the liability in respect of Ihg guarantee Is limited to £10 per m8mb8r of the Charity. Accounllng pollcles 2.1 Basis of preparatlon of flnanclal statements The financial ststements have been prepared in accordance with the second edition Charilles SORP {FRS 102) - Accounting and Fleporting by Charities: Statement of Recommended Practice applicable to charitles preparing their accounts in accordanc6 with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) (Octob8r 2019), the Financial Repong Standard applicabl8 in the UK and R@public of Irelsnd {FRS 102) and the Companies Act 2006. Nlghtlngale House Hosplce meets the definition of a public benefit 8nlity under FRS 102. Asseis and liabilitles are initially r@cognis8d at historical cost or transaction value unless otherwise stated in the relevant accounling policy. The Consolidaled Statement of Financial Activiti8s (SOFA) and Consolidated Balance Sheel consolidat8 the financial stat6ments of the Group and its subsldiary undertaking. The results of the subsidi8ry are consolidated on a line by line basis. The Group has tsken advantage of th6 exemptlon allowed under section 408 of the Companies Act 2006 and has nol presented its own Statement of financial activities In these financial statgmants. 2.2 8asls of consolldatlon The financial ststements consolldate the accounts of Nlghtlngale House Hospice and all of its subsidiary undertakings {'subsldlarfes'). The Charity has taken advantage of the exemption contalned within sedion 408 of the Companies Act 2006 not to present its own Income and expenditure account. The income and expGnditure account for the year dealt with in the accounts of the Charity was a deficit of £231,917 (2023: surplus £732,392). 2.3 Golng concern After making approprfate enquiries, the Trustees have a reasonable expectatlon that the Charity has adequate resour¢es to continue in operational existenca for th8 forseeable fvture. For this reason they continug to adopt Ihe going concern basis in preparlng thg financial statements as explalned In the Trustees, R8port. Page 22
NIGHTINGALE HOUSE HOSPICE (A company Ilmitod by guarantea) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poll¢les {contlnued) 2.4 Income All income is r8cognlsed once the Charily ha5 entitlement to th6 income, it is probable that the income will. be received and the amount of income recelvable can b6 m8asured reliably. The recognition of income from legacies is depèndent on establishlng enlitlemenl, the probability of receipt and th& ability to estimate with. sufficient accuracy the amount re1Vable. Evid6nG8 of ntitlement to 8 legacy exists when the Gharlty has sufflclenl 8vid6nce that a gift has been left to them (through knowledge of the 8XlStance of a valid will and the dealh of th8 bgnefartor) and the ex8cutor is satisfi8d that the property In question will not b8 raqulred to satlsfy claims in the 8State. Recelpt of a legacy must b8 r8cognlsed when It Is probabl8 that it will bg receSved and the fair valu8 of the amount recelvable, which will g8ngrally be the expected cash amount to be distrlbuied to the Charity, Gan be rellably measured. Grants are included in the Consolidated Ststement of Financlal Activities on a receivable basis. The balance of Income received for specifi'c purposes but not expended during the period is shown In the relevant funds on the Balance sheet. Wh8re incom8 Is recelved in advance of entitlement of recelpt, its recognition is deferred and Included in creditors as deferred income. Where entitlem8nl occurs before income is received, the income is accrued. Gifts in kind donatad for distribution are includéd at valuation and recognised as income wh8n they are dlsifibuted to tha projects. Gits donated for resale ar8 included as income when they are sold. Where the donated good is a fixed asset. it is measured at fair value, un18ss il is impractlcal lo measure thi8 reliably. in whlch case the cast of Ihe item lo the donor should be used. The gain is recognlsed as incomg from donations and a corresponding amount is included in the appropriate fixed asset class and deprecialed over the useful economic life in accordancg with the Charrty's accounting policles. On recelpt, donated professional serviGes and facllities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or f8cilities of equfvalent economlc benefit on the open market., a corresponding amount is thon recognised in expenditur8 in the period of recelpt. Income tax recoverable In relation to donations receiv@d under Gift Ald or deads of covonant Is recognised al the time of the donatlon. Income tax recoverable In relation lo investment Income is recognised at the tlme the Investment income is r&c8ivable. Other income Is recognis8d in the period In which It Is receivab18 and to the extent the goods have been provlded or on completion of th@ service. Page 23
NIGHTINGALE HOUSE HOSPICE (A Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcl•$ (contlnued) 2.5 Expenditure Expenditure.is recognised once there is a legal or constNGtive obligation to transfer economlc benefit to a third party, itls probable that a transf8r of economic b8nefils will be required In settlement and the amount of the obligation can be measured reliably. Expenditure 15 classified by actlvlty. The costs of each activity are made up of the total cf direct Gosts and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direcfly to that aclivity. Shared costs which contribute to more than one activlty and support costs which are not attrlbutable to a singla activity ar8 apportioned between those activlties on a basis consistent with the use of resources. Central staff costs are allocated on thg basis of time sp&nt. and depreciatlon charges allocated on the portlon of the asset's use. Expenditure on Gharitable aclivilies is IncUed on directly undertaklng thg activities which further the Group's obj8Ctives, as well a5 any associated support costs, All expenditure is Inclusive of irrecov8rab18 VAT. 2.6 Interest recoivabl8 Interest on funds held on deposit is included when receivable and the amount can bg mea8ured rellably by the Group., this is normally upon notification of tha int8rest paid or payable by the institution with whom the fund5 are deposited. 2.7 Tanglble flxed assets and dapreciation Tangible fixed assets Gosting £500 or more are capitalised and recognlsed when future economic benefits are probable and th8 Cost or valu8 ofthe asset can be measured reliably. Tangible fixed assets are inltSally recognised at cost. After recognition, under the cost model, tangible fixed 8ssets are measured at cost18ss accumul8ted depreciation and any accumulated impairmant losses, A]1 costs incurred to bring a tangible fixed asset into its intended working condition should be included in th8 measurement of cost. Depreciatlon Is chargèd so as to allocate the cost of tangSble fixed assats les8 their residual value over their 8Stlmatad useful livas, uslng the straSght-Ilne m8th0d. Depreciation is provided on the followlng bases: Fr@ehold prop8rty Long-term leasehold property 50 years Over tha shorter of the remainlng lease temi or remaining lease term or remaSning expect8d uBeful life of the asset on a straight line basis Modernisation Project- Over 20 years Over 5 - 10 years Stralght line Over 3-5 years on a stralghl line basis Over 3-10 years on a straight lina basis Over 3 y8ars on straight line basis Plant and machinery Motor vehicles Fixtures and fittings OffiGe 8quipment Page 24
NIGHTINGALE HOUSE HOSPICE (A company limit8d by guaranlèa) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng, pollcles (contlnued) 2.8 Investments Fixed asset Investments are a form of financial instrument and are Inltlally recognised at their tr8nsaGtion cosl and subsequently measured at fair valu8 atthe Balance sheet date, unless the value cannot be measured rellably in which case It is m8asur8d at cost less Impairment, Inveslment gains and losses, whether realised or unrealised, are comblned and presented as 'Gainsl{Lossesl on invgstments, in the Consolidated Statement of Flnancial Activities. nvestm8nts in subsidiaries ar8 valued at cost18ss provision for impaimi8nt. 2.9 Stocks Stocks are valued al the lower of cost and net r8alis8ble' value after making due allowance for obsolete and slow-moving stock$, Cost includes all direct costs and an appropriate proportion of fix8d and variabl8 overheads. 2.10 Deblors Tratje and other debtors are recognisod at the settlement amount after any trade cliscount offered. Prepayments are valued at the amount prepajd n8t of any trade discounts due. 2.11 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acqulsltion or openlng of the deposit or similar account. 2.12 Liabilities Liabilities and provisions are reoognised wlien there is an ObligaOn at the Balance sh8et dale as a result of a past gvent, it is probable that a transfer of economic benefit will be requlred in settlement, and-the amount of the settlement can be estimated reliably. Liabilitle8 are recognls8d at tho amount that the Charity anticipates It wlll pay to settle the debt or the amount it ha$ received as advanc8d payments for the goods or servlc6s It must provide. Provlslons are measured at the best estlmate of the amounts r8quir8d to setlle the obligation. Wherg the effect of lh& time value of money is material, the provlslon Is based on the present value of those amounts, discounted at th8 pre-tax discount rate thal reflects th& rlsks specific to the Ilability. The unwinding of the discount is recDgnised in the Consolidated Statem8nt of Financial Activities as a finance cost. 2.13 Financial instruments Thg Chavity only'has financial assets and financial liabililie8, of a kind that qualify a8 baslc financial instruments. Basic financial instruments are initially recognised at transacllon value and subsequently meesured al their settlement valu8 with th8 8XC8pkion of, bank loans. which are subsequently measured at amortised cost using the effectlve interest method. Paue 25
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng pollcles {¢ontlnued) 2.14 Pensions The Charlty contributes to the National Health Service Pension Scheme la defined contribution s¢hgme} for those employees who are ellgible, a defined wntribution group penslon plan under auto enrolment and contributes to the personal pension plans of oth8r partlclpatlng employees. 2.15 Fund aecountlng General funds are unrestricted funds which are availabl8 for us8 at the discretion of the Tru8te8s in furtherance of the g8naral objectives of thg Group and which have not been designated for other pury)oses. Restricted funds are funds which are to be used In accordance with specific restriotions impos8d by donors or which have been rais8d by the Group for particular purposes. The costs of r8islng and admini8t8ring such funds are charged agalnst the specific fund. The aim and use of each restrlcted fundls set out in the notes lo the financlal statements. Investment income, gains and lossas are allocated to the approprlate fund. Crltlcal accountlng estlmat8s and areas of judgment Estimates and ludgments are continually evalualed and are basad on historical @XP8ri@nc8 and Other factors, includlng expectations of future events that are believad to b8 r8asonab16 under the circumstsnces. Critical accounllng estimates and assumptions: The Charity makes estimates and assumptions conceming the future. The resulting accounting estimates and 8ssumptions will, by definition, seldom equal the related actual resulls. In the opinion of the trustees there are no estimates and assumptlons that have a significant risk of causing a material adjustrnent to tha carrying amounts of assots and liabilities within the next financial year. Page 26
NIGHTINGALE HOUSE HOSPICE (A Company Ilmltèd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donatlons and legacles Unregtrlcted funds 2024 Total funds 2024 Total funds 2023 Gift Aid on Donations Donations GAYE (donations via companies) Challenge Aclivllies Légacias and B8qU8sts Collections Covenants Betslcadwaladr University LHB - Core funding Profits Transferred Under Gift Aid 178.946 677,094 2,462 95.849 592,507 34.148 2,098 1,022,356 438,028 178.946 677,094 2,462 95,849 592.507 34,148 2.098 1,022,356 438,028 157,477 782,345 2,030 142.264 954.697 34,991 2,103 916, 708 312,681 Tolal 2024 3.043.488 3,043,488 3, 305,296 Total 2023 3,305,296 3,305,296 Incolne from ¢harltsble activitles Restricted funds 2024 Total funds 2024 Total funds 2023 Grant incom8 589,703 589,703 669, 164 Total 2024 589,703 589,703 669,164 Total 2023 669, 764 669,164 Pag8 27
NIGHTINGALE HOUSE HOSPICE (A Company Ilmlled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from othgr tradlng actlvitlos Income from non charltable tradlng actlvltles Unrestricted funds 2024 Total funds 2024 Total funds 2023 Caterlng services Fundraising Merchandlse Rental Mlscellaneous Incorne Campaign income Commissions receivable Income from Nightin9818 Hous& Promotions Incom@ from Nightingale House Lottery 3,283 195,374 10.627 12,000 18,780 52,605 53 1,272,015 717,481 3,283 195,374 10,627 12,000 18,780 52,605 53 1,272,015 717,481 3, 096 254,246 10,476 12,000 10.635 58,3TO 1,297,374 7S3,836 Total 2024 2.282.218 2,282,218 2,408,Q33 Total 2023 2,408,033 2,408,033 Page 28
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment Income Unrestrlcted. funds 2024 Total fuhds 2024 Total func18 2023 Dlvidends Bank Interest Feed In Tarlff 25,650 26,768 16,463 25,650 26,768 16,463 32,069 47,510 18,605 Total 2024 68,881 68,881 98,184 Total 2023 98,184 98, 184 Expendilura on ralslng funds Other charltable tradlng expenses Unrestrlcted funds 2024 Total funds 2024 Total nds 2023 Nightingale House Hospice- fundraising expenses Nlghting81e House Promotlon5- expenses Nightingale House Lottery- expenses Subsidiary companies- staff costs Subsidiary companies- dgpraciation Adminlstration expensès 180,097 639.918 253,758 673,783 30,744 4.630 180,097 639.918 253.758 673,783 30,744 4,630 212,361 537,540 249,302 600,968 30,517 Total 2024 1,782,930 1,782,930 1,630,688 Tot£1 2023 1,630, 688 1,630, 688 Page 2g
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysls of expendlture by actlvltlos A¢tlvities undertakan dlrectly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Charitable acllvltles 442.692 4.138.142 4,580,834 4,002, 804 Total 2024 442.692 4.138,142 4,580.834 4,OC12,804 Tot812023 403,484 3.59,9,320 4.002,8t Analysi5 of dlrect costs Charltable activities 2024 Total funds 2024 Total funds 2023 Travel Ambulance running costs & other Hosplce vehlcles Educational training Repairs and renewals Insurance (Llfe assurance) Audlt and accountancy Legal and professlonal and nsUltaneY Equipment lease Bank charges & interest 404 11,772 22,339 156,382 11,523 23,079 145,228 53,936 18,029 404 1,040 11,772 22,339 156,382 11,523 23,079 145,228 53,936 18,029 26,888 99,320 13,828 22,896 150.671 60,946 16,774 Total 2024 442,692 442,692 403,484 Total 2023 403,484 403,484 Page 30
NIGHTIMGALE HOUSE HOSPICE {A company limited1Sy guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31, DECEMBER 2024 Analysi5 of expenditure by aclivities (continued). Analysls of support ¢03ts Charltable activities 2024 Total funds 2024 Total funds 2023 Staff costs {includes agency costs) Depreciation General running costs Catering provisions 3,382,772 370,830 344,335 40.205 3,382,772 370,830 344,335 40,205 2, 928, 755 265,173 378, 183 27,209 Total 2024 4.138,142 4,138,142 3, 599,320 Tot812023 3,599,320 3,599,320 10. Audltors. remuneratlon 2024 2023 Fees payable to the Group's auditor for the audit ofthe Group's annual accounts Accounts praparation and other seNIS 16,480 4,120 15,650 3,950 11. Staff costs Group 2024 Group 2023 Charity 2024 Charity 2025 Wages and salaries Social security costs contribution to defined comtribution pension schemès 3.566.802 300,825 3,131,570 253, 921 2,952,502 256,040 2, 584.292 211484 188,928 145, 132 174,230 131,979 4,056,555 3,529, 723 3,382,772 2,928,755 Included within the above figures are redundancy and severance payments amounting to £5,879. Page 31
NIGHTINGALE HOUSE HOSPICE {A company Ilmlted by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 11. Staff costs (contlnued) The average number of persons employed by the Charlty during the year was as follows: Group 2024 Group 2023 Charlty 2024 Charlty 2023 Clinlcal and domiciliary Fundraising Commercial trading operations Administration and maint8nanc6 61 15 32 20 56 15 30 20 61 15 56 15 20 20 128 121 96 91 The number of employ8os whose employee benefits (excluding employer pension costs) exceeded £60,000 was: Group 2024 Group 2023 In the band £60,001- £70,000 In the band £70,001- £80,000 Total remuneration of the personnel considered to be key managem8nt ol tha group was £358,095 {2023 - £292.109) 12. Trustees. remuneratlon and expenses During the year, one Tru8tee has been psld remuneratlon or has retsived other beneflts from an employment with tha Charity. The remuneratlon was pald to the Trustee for thelr role as Dlrector of Finance following approval from the Charity'commission. Remun9ratlon of £23.963 {2023- £12,968) and national insurance conlributions of £2,052 (2023- £534) were pald to the Trustee in respect of hls employment. During the year ended 31 December 2024, no Trustee expenses have been incurred (2923 - £NIL). Page 32
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2024 13. Tanglbl• flx¢d a$s•ts Group L8as8hold Freehold property & property Improvements Plant, Assets Motor Flxtures and under vehlcles Equlpment constructlon Total Cost or valuatlon At 1 January 2024 Addltlons Disposals Transfers between classes s,000 5,357,794 52,158 60,025 1,259,679 76,288 {5,455) 2,259,705 8,942,203 33.750 162,196 {5,455) 2,208,693 84,762 (2.293.455) Al 31 December 2024 5,000 7,618,645 60,025 1,415,274 9,098,944 Depreciation At 1 January 2024 Charge for the year On disposals 2,009,065 305,028 54,016 3,061 1,031,518 93,481 {5,455) 3.094,599 401,570 (5,455) At 31 December 2024 2,314,093 57,077 1,119,544 3,490,714 N8t book value At 31 December 2024 s,000 5,304,552 2,948 295,730 5,608,230 At 31 Dec&mb&r 2023 5,000 3,348, 729 6,009 228, f61 2,259, 705 5, 847,604 Page 33
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Tanglble flxed assets (conflnued) Charlty Leasehold Freehold property & property Improvom8nts Plan( Assets Motor Flxtures and under vohicl8s Equipment construction Total Cosl or valuation At 1 January 2024 Additions 5,000 5,357,024 52,158 39,692 900,578 72,990 2,259,705 8,561,999 33,750 158,898 Transfers between ¢lass6S 2,208,693 84,762 {2,293,455> At 31 D8cember 2024 5,000 7.617,875 39,692 1,058,330 8,720.897 Depreciation Al 1 January 2024 Charge for the y@ar 2,008,295 305,028 33,683 3,061 782,764 62,738 2,824,742 370,827 Al 31 Dec8mber 2024 2,313,323 36,744 845,502 3,195,569 Nat book value Al 31 December 2024 5,000 5,304,552 2,948 212,828 5,525,328 At 37 December 2023 5,000 3,348. 729 6, 909 117,814 2,259,795 5, 737,257 Page 34
NIGHTINGALE HOUSE HOSPICE (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Flxod asset Investments Llsted investmant$ Group Cost or valuatlon At l January 2024 Additions Dlsposals Revaluatlons 1,345,146 714,473 (439,846) 127,567 At 31 December 2024 1,747,340 Nel,book value At31 D8c8mber 2024 1,747,340 At 31 DeG8mber 2023 1,345,146 Llsted investments Charity Cost or valuatlon At 1 January 2024 Addilions Disposals Revaluatlons 1,345,146 714,473 (439,846> 127,567 At 31 December 2024 1,747,340 Net book value At 31 Dacember 2024 1,747,340 At 31 DeGember 2023 1,345, 146 Page 35
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 15. StOGk$ Group 2024 Group 2023 Charity 2024 Charity 2023 Finished good8 and goods for resale 16,417 17,213 3,605 3,805 16. Debtors Group 2024 Group 2023 Charity 2024 Charity 2023 Due wlthln one year Trade debtors Amounts owed by group undartakings Other debtors Prepayments and accrued income Tax recoverable 6,267 48,601 6,287 234,950 737,321 53,829 71,063 48,607 275,914 1,004,056 48,247 43,219 737,887 91,664 71,063 1,004,719 84,593 43,219 906.881 1, 181,132 1,103.430 7,360.Q17 17. Credltors: Amounts falllng due within ona year Group 2024 Group 2023 Charity 2024 Charity 2023 Payments receiv8d on account Trade creditors other taxation and social security Other creditors Accruals and deferred income 78,890 84,183 79,477 43,751 148,788 76.075 115,599 82,889 38, 777 358,319 20 66,823 72,606 42,861 92,938 520 100,667 71.383 38,777 308.352 435,089 671,659 275,248 519,679 Payments on account relate to Lottery stakes received in advan. These are released in full to th8 profit and loss account as and wh&n players are entered into the weekly cash prize draw. Page 36
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Provlslons Group Penslon provision At 1 January 2024 Amounls used 9,585 (285) 9,320 Charity Pension provislon At 1 January 2024 Amounts used 9,585 {2651 9,320 Penslon Provlsion Th6 calculatlon of the cost of the early retirement Is bas8d on the capital cost of providing enhanced penslons wlth allowance for fure investment retums In excess of prSce Inflatlon, Page 37
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. Statement of funds Statement of funds - current year Balance at 31 Galnsl December (Losses) 2024 Balance at 1 January 2024 Transfer5 Inlout Incom8 Expanditura Unrestrlcted funds Deslgnated funds Tangible flxed assets Property maintenance and repair Subsldlaries tangible fixed assets Modernisation Fund 3,607,516 (101,119) 3,506,397 50,000 50,QOO 110,348 3,298 (30,743) 82,903 229,129 (229,129) 3,996,993 3,298 (259,872} {101,119) 3,639,300 G8n8ral fund6 Charlty Funds 2,692,505 5,391,289 (5,479,480) 101,119 140,971 2,846,404 Total Unrestricted funds 6,689,498 5,394,587 (5,739,352) 140,971 6,485,704 Pag6 38
NIGHTINGALE HOUSE HOSPICE (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. Statement of funds (¢ontlnued) Restrict•d funds Hospice Property Fund Welsh Assembly Grant - capltal Phase 1 Development Incomg Phase 2 Development Income Phase 3 Development Incorhe Phase 4 Development incom& MBNA Gen8ral Fund Ann& Duchess of Westminter Fund St James's Placg Charitable Foundation WelÈh Governmenl- bereavement support Sundry Restricted FundE {<£5kl BBC Children in Need The Alb8rt Hunt TNst The North Wales Medical Trust The Albert Hunt Trust We15h Govemment 928,431 {56,304) 872,127 132,789 (22,672) t10,117 144,718 (9.140) 135,578 322,805 {19,087) 301718 9,250 (500) 8,750 591,748 27,874 44,480 {30,981) (41,480) 588,641 3,000 10,000 10,000 40,000 (14,155) 25,845 28,726 (28,726) 5,842 21,863 13.Q50 (9,607) (13,0501 18,098 8,864 8.864 25,000 15,000 363,710 25,000 (15,000) (363,710) Z,144,447 589,703 (624,412) 2,109,738 Total of funds 8,833,945 5,984,290 (6.363,764) 140,971 8,595,442 Page 39
NIGHTINGALE HOUSE HOSPICE {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. Statement of funds lcontlnuedl statomènt of funds - prior year Balance at 31 D@c8mber 2023 Balance aé l January 2023 Tr8nsfers in/out G8ins/ (Losses) Income Expenditure Unrestricted funds Deslgnated fund$ Tangible fixed assets Property malntsnance and repair Subsidiaries tangible fixed assets Modernlsation Fund 2,268,323 1,339,193 3,6Q7,516 50, 000 50,t)00 135,370 5,495 (30,517) 110,348 1,500,000 (1,270,871) 229,129 3,953,693 5,495 (30,517) 68,322 3,996,993 Genaral funds Charity Funds 2,256. 100 5,80S,018 (5,384,062) (68,322) 82.777 2, 692,505 Total Unrestricted funds $.209. 793 5,811.513 (5,414,579) 82,771 6, 689,498 Page 40
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantse) NOTES TO THÉ FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 19. Statement of funds (continued) Restricted funds Hospice Property Fund Welsh Assembly Grant - capital Phase 1 Developm8nt Income Phase 2 Development Incom8 Phase 3 Development Income Phas8 4 Development income Sundry Restricted Funds (<£5k) BBC Children in Need Th8 Albert Hunt Trust In m@mory donatlon Welsh Government 984, 735 (56,304) 928.431 755,461 {22,672J 132.789 153.858 (9, 140) 144,718 341,892 (19,087) 322,805 9, 750 (500) 9,250 594, 224 (2,4T6) 597.748 19.636 5,159 {18,953) 5.842 33,200 (33,20QJ 8.864 8, 864 20,000 (20.000) 38.581 f36,581) 1,694, 196 6S9,164 (218,913) 2, 144,447 Total of funds 7,903,989 6,480,677 {5, 633,492) 82,771 8.833,945 Pag8 41
NIGHTINGALE HOUSE HOSPICE IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Restrlcted Funds The Hospice Property Fund was set up initially In 1994 from grants recelved for the constructlon of the Hospice buildlng. Slnce 1994 addltlonal grants have been received for rerbIShMent and improvements of the bullding and also the building of a n8w annex. These grants have been fully spent and th8 value arrled fotward relates to the value within Fixed Assets - Long Leasehold Property. Welsh Assembly funding was part of a three year development plan for the Hospice. Grants received tElate to specific capital projecis. The amcunt carried forward relal8S to capital expenditure. For all capltal expenditure the amounts carried fotward relate to elther the net book value of the assets purchased or monies unspent at the year end. If a grant or donation was received towards th8 capital cost and th8 monies havè been fully spent, then so long as no othgr r8Strictions are outstanding, the net book value may be transferred out of restrlcted funds to unrestrictgd funds. Phase 1 fund relates to grants and donations recelved towards Phase 1 of th6 redevelopment. Phase 2 fund relates to grants and donations r8c8ived towards Phase 2 of the redevelopment includlng a signiflcant contrlbution from The Bradbury Foundation. Phase 3 fund relates fo grants and donatlons received towards pha88 3 of the redevelopment. Phase 4 fund ralates to grants and donations recelved towards phase 4 of tha redevelopment including significant contributions from The Bradbury Foundation, Th8 Bemard Sunl6y Foundalion and The Slr Donald and Lady Edna Wilson Charitable Trust. Sundry restricted funds r8pr8sent a number of smaller donations (- lo or <£5k) r8caiv8d in the year for specific purposes. The Albert Hunt Trust Fund £15k is towards runnlng costs. Welsh Government adult bereavement support relatgs to £28.7k. Welsh Government £363.7k is towards running costs. MBNA General Fund is towards music therapy I garden project and equipment. Th8 North Wales Medical Trust is towards clinical training. BBC ChiSdren In Need is towards bereavement support for children. St James's Place is towards patient flow services. Anne Duchess of Weskninster Fund is towards th8 assisted bathing servlce, Designat6d Funds The property maintenance and ropair fund was established in 2005 to provide towards future repair costs. Tanglble fixed assets represents the nel bcok value of tangible fixad assets at 31 December 2024 purchased using unrestricted funds. General Fund The G8neral Res8rve include5 the reserves of the Promollons Company which amount to £292,113 and the reserves of the Loltery Company which amount to £8.149. Pag8 42
NIGHTINGALE HOUSE HOSPICE (A company limltsd by guarant06) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 20. Analysls of net assgts between funds Analysis of net assei's between funds Unrestricted Restrlcted funds funds 2024 2024 Total fund8 2024 Tanglble fixed assets Fixed assel inv8slments Current assets Creditors duo within one year Provisions for Ilablllties and charges 3,589,299 1,747.340 1,593,474 1435,089) (9.320) 2,018,931 5,608,230 1,747,340 1,684,281 (435,089) {9,320) 90,807 Total 6,485,704 2,109,738 8,595,442 Analysls of net assets between funds - prior p&riod Unrestrlcted funds 2023 Restricted funds 2023 Total funds 2Q23 Tanglble fixed assets Fixed asset Investments Current assets Credltors du@ within one year Provisigns for liabilities and chargeg 3, T17.863 1,345, 146 2,307, 733 (671.659) (9,585) 2,129,741 5,847,604 1,345,146 2,322,439 (671,659) (9, 585) 14,7Q6 Total 6,689.498 2,144,447 8, 833, 945 Pag& 43
NIGHTINGALE HOUSE HOSPICE IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 21. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles Group 2024 Group 2023 Net incomelexpenditurs for the pgriod las p8r Stalement of Financial Activitigsl (238,503) 929,956 Adjustments for: Depreciation charges Dividends, interests and rents from investments L08s on Ihe sale of fixed assets D8creasel(increase) in stocks Decreasel(increase) in d8btors Increase In creditors & provisions {Galnyloss on dlsposal of inv8stments 401,570 (68,881) 295, 693 (98,184) 98,545 (4, 160) (612.894) 89,477 (99,821) 796 274,251 (236,835) (127,567) Net cash provlded by operating activiti6S 4,831 598,612 22. Analysis of Cash and cash equlvalents Group 2024 Group 2023 Cash in hand 760,983 1,124,094 Total cash and cash equlvalents 760,983 1,124,094 23. Analysls of changes In net débt At1 January 2024 Cash flows At31 Decembor 2024 Cash at bank and in hand 1.124,094 {363,111 760,983 1,124,094 (363,111) 760,983 Page 44
NIGHTINGALE HOUSE HOSPICE {A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 24. Contingent liabililies A r6strloted grant of £300,000 was recelved In 2007 from the Big Lottery towards the cost of the new ann8x at the Hospice. The terms and conditions of the grant remain In force for the remaining term of the lease which explres in 2119 and included the requirem8nt lo potentially refund th& grant if th9 annex is sold or no longer used for charitable purposes. The land is held under licence from B@tsi Cadwaladr University Local Health Board. 25. Penslon commltments The charitabl@ company mak8s contribution8 to certaln pensions scheme for Its employees. One of the schemes for éliglble employees Is the NHS Superannuation Sch8ma (a d8fined contribution sch8me}. The level of contrlbutlons to thls scheme Is detemiined annually by the NHS Pensions Agency. Th8 hospice ha8 no further liabillty beyond th8 contributions d91ermined. The rate of employer contributlon durlng the year was 14.380/0 and the charg8 for th8 y8ar was £127.88612023'. £89,335). The amount outstanding relating to this scheme at 31 December 2024 was £16,584 {2023.' £15,462} and this was paid in January 2025. The H05pice also contributes to a group scheme under auto.enrolment with NOW Pensions and to certain participating employees, personal penslon plans. The charge for the p6riod was £59.69312023.' £54,5161- The amount outstsnding at 31 December 2024 was £14,835 (2023: £12,886) and thls was paid in January 2025. The Hosplce also contrlbutes to a pn'vate pension ft)r certaln participating employees. Th8 chargè for the period was £1,552 {2023.. £1.630). ThB amount outstanding at 31 December 2024 was £118 (2023.. £75) and this was paid in January 2025. 26. Op8raling loas8 commitmettts At 31 December 2024 the Group and the Charity had CDmmitm8nts to make future minimum lease payments under non-cancellable operating leases as follows: Group 2024 Group 2023 Charlty 2024 Charity 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 119,451 308,375 134,688 121, 757 262,993 46,395 2,576 21,049 2,576 562,514 431,145 2,576 23, 625 Pag8 45
NIGHTINGALE HOUSE HOSPICE (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR T14E YEAR ENDED 31 DECEMBER 2024 27. Related party transactlons During tha year, the Charity made purchases of £13,6UO (2023.. £3,627) from DTM Legal LLP for the provision of legal servlces. A Trustee of the Charity and his spouse are Designated Membgrs of this company. The balance outstandlng at year end was £Nil (2023: £Nil). Thè Charity has not 6ntered inlo any other related party transaction during the year, ncr are there any outstsnding balances owlng between related parties and the Charfty at 31 December 2024. Page 46