Forest Holme Hospice Charity
Annual Report and Financial Statements
Year Ended 31 March 2024
Charity registration number: 1038021

Forest Holme Hospice Charity
Contents
Trustees. Report
1 to7
Reference and Administrative Details
Statement of Trustees, Responsibilities
Independent Auditors. Report
9t012
Statement of Financial Activities
13to14
Balance Sheet
15
Cash Flow Slalement
16
Notes to the Financial Statements
171027

Forest Holme Hospice Charity
Trustees, Report
Reference and Administrative Details
Trustees
Angle Smith, Chair of Trustees
Rosemary Lewis, Treasurer and Vice-chair
Lynn Cherrett
Lavina Clarke
Lewis Hamm
Karen Johnson
Dr. Beverly Lee
Charlotte Lilley
Richard Macmillan
Carla Hobby (Appointed 161h May 2024)
Senior Management I
Leadership Team
Hannah O'Hare. Chief Executive
Paul Tucker, Communications Manager
Sara Fripp. Fundraising Manager
Joanne King, Financial Controller
Charity Registration Number
1038021
Principal Office
Forest Holme Hospice Charity
5 Seldown Road
Poole
Dorset
BH15 1TS
Auditor
PKF Francis Clark LLP
Chartered Accountants
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW
Solicitors
Coles Millers Solicitors LLP
4446 Parkstone Road
Poole
Dorset
BH15 2PG
Page 1

Forest Holme Hospice Charity
Trustees, Report
The Chair's Welcome
On behalf of Forest Holme Hospice Charity. l extend a warni welcome to our annual report. It is with
great pleasure that I present our achievements and the impact we have made over the past year.
We are deeply grateful for the trust you have placed in us to make a difference in the lives of those
affected by life-limiling illnesses and bereavement.
The support from local businesses. community groups, and individuals has been both encouraging and
heartwarming. Thanks to your generous contributions. we have been able to adapt and continue
investing in the vital care our community relies on.
This year, the Charity's income from fundraising and investment returns was £1,221k, while our
expenditure was £1,320k. These funds were essential in making a lasting impact on our patients, their
families, and the staff at Forest Holme.
In 2023124, we allocated £111k towards counselling support, ensuring our care extends into
bereavement. We continued lo offer complementary therapy treatments for cancer and palliative care
patients, and our team was highly commended at the recent Great British Care Awards.
Additionally. £29k was dedicated to supporting patients with Motor Neurone Disease, a debilitaling and
progressive illness.
We also funded key roles on the inpatient ward and invested £47k in nurse training and development
to maintain the highest level of palliative care skills for Ihe future.
Our most significant achievement was completing an intemal refurbishment of Forest Holme Hospi￿.
This project, costing £428k, has made a noticeable dtfference to patients, visitors, and slaff. As part of
the refurbishment, we installed two patient hoists, added en-suites lo the multi-bedded bays, and
completed an internal redecoration of the hospice. New equipmenl was also purchased. including multi-
functional chair beds. a complementary therapy couch, riser-recliner chairs, and dining room furniture.
As we move forward, we remain committed to improving the lives of those affected by lrfe-limiting
illnesses and bereavement.
With your continued support, we will strive to make an even greater impact in the years to come.
Once again, l extend my deepest gratitude to each and every one of you. Your compassion and
generosity have made a real dtfference in the lives of those we serve.
Together, we can continue lo provide the care and support that our community needs.
Sincerely,
Angle Smith
Chair
Page 2

Forest Holme Hospice Charity
Trustees, Report
Our Vision
is for every adult in our community affected by a potentially lrfe limiting illness to have equal access to
the support and service they need. whenever and wherever they are. in order to enhance their quality
of life.
Our Mission
is to enhance the lives of adults in Dorset with lrfe limiting illnesses through clinical excellence.
exceptional Se￿iCe and compassionate care. We are committed to., providing emots'onal and practical
support., supporting innovation and research., striving for equity of service provision,. supporting training
and education.
Our Values
underpin and influence all areas of our work. We are: ambitious to support the provision of world class
palliative and end of life care., approachable in our manner.. committed to delivering the best possible
service in a costeffective manner", person centred in all that we do to ensure the best possible outcome
for the individual,. transparent in all that we undertake to deliver oui organisation's goals.
Trustees Report
The Trustees present their report and financial statements for the year ended 31 March 2024. The
reference and administration set out on page 1 forms part ofthis report. The financial statements comply
with current statutory requirements and the Statement of Recommended Practice Accounting and
Reporting by Charities {SORP FRS102).
Forest Holme Hospice Charity is proud to support Forest Holme Hospice. part of University Hospitals
Dorset NHS Foundation Trust, to help provide exemplary Palliative and End of Life Care to over 1,500
patients and their families across Poole, Wimborne and the Isle of Purbeck.
Forest Holme Hospice Charity funded the following services in 2023124 to achieve its aims:
1 . Counsellin
and Bereavement Su
ort
The charity currently funds the majority of Counselling and Bereavement services at Forest Holme
Hospice including,. individual and family Bereavement counselling, Palliative care counselling. Oncology
patient counselling. Bereavement support groups and Cancer patient support groups.
There were a total of 541 referrals to the Forest Holme counselling and bereavement services in
2023124. The charity continues to provide funding for pemianent and bank contract counsellors as well
as funding for various support groups, literature, books and coaching.
Page 3

Forest Holme Hospice Charity
Trustees, Report
2. Pallialive Care on the in-
atient ward in the communi
and within Poole Hos
During 2023124 the charity continued to fund various clinical roles at Forest Holme Hospice including-
overnight health care assistants, 2 ward clerkslreceptionists, a therapy assistant, nursing on the
inpatient ward. nursing within the hospital palliative care team and specialist nursing wilhin the
community palliative care team.
3.Aran
eofcom
lementa
thera
ies
The complementary therapy team based al Forest Holme Hospice were highly commended as part of
the Great British Care Awards_ The team has seen a positive progression in attitudes and uptake of
Complementary Therapy. Referrals have increased, and at present they are receiving 24 new patient
referrals a month. These referrals are from Palliative care nurses, Doctors, The Ladybird unit. Cancer
Support Workers and most importantly patients who feel confident enough to self-refer. because the
information is being passed onto Ihem at the most important time, just afler diagnosis.
"I felt so stressed when I came. I now feel like l in walking on a cloud. Thank you" Patient.
4. A Motor Neurone Disease s
ecialist
The Charity continues lo part fund a MND Co-ordinator to support people with MND and their families
from diagnosis onwards. The MND Co-ordinator is the main point of contact for people with MND in our
local community, and their families.
.1 am grateful to have found support in people like Annen7ieke. who have been invaluable in helping me
navigate the complexities of my condition. Annen7ieke s support and skills extend far beyond my
medical care. She offers guidance and counsel for my wrfe and children as well, recognizing the impact
that this condition has on our enti￿ family." Danny.
5. Staff develo
ment and trainin
Forest Holme Hospice Charity fund5 a full time Developmental Specialist Palliative Care Nurse role to
help develop and enhance skills in palliative and end-of-lrfe care.
Alongside this, the charity provided funding forall clinical staff to attend training events and conferences.
6. Patient Welfare
The charity believe that il is often the little things thal make the biggesl difference. During 2023124, the
charity funded various patient welfare items including; yoga sessions for cancer patients, Christmas
gifts for in-patients, a ward drinks jolly trolley,. daily newspapers, and a full calendar of Christmas
activities.
7. Staff Welfare
Boosting morale remains a priority for the charity- The charity fund regular Coffee van visits for staff
alongside seasonal treats, leam building activities and recognition.
Contribution from Volunteers
Forest Holme Hospice Charity is fortunate to have the supporl of over 70 dedicated volunteers. Their
diverse talents and generosity have been instrumental in propelling our charitable initiatives to the next
level. Beyond their individual efforts. our volunteer community has thrived, fostering a sense of
belonging and camaraderie. Forest Holme Hospice Charity extends hearffelt gratitude to each volunteer
for their selfless dedication, as they remain the drivirw force behind our impactful journey towards
making a drfFeren￿ in the lives of those we serve.
Page 4

Forest Holme Hospice Charity
Trustees, Report
Plans for the future
Looking ahead, Forest Holme Hospice Charity envisions a future marked by enhanced support and
compassionale care for individuals and families facing life-limiting illnesses. In the coming year, we plan
to build on our existing services by offering additional resources to the community, including the launch
of our "Life and Loss" podcast series. We will also increase our investmenl in community nursing care
and bereavement support.
Through strategic financial investmenl, we aim lo further strengthen the multidisciplinary team at Forest
Holme, which includes skilled healthcare professionals and dedicated volunteers. to provide
comprehensive and personalised care. Additionally. Forest Holme Hospice Charity is committed to
deepening partnerships with University Hospital Dorset and Macmillan Caring Locally to create a more
integrated and holistic approach to end-of-life care.
Financial Review
Income for the year totalled £1,221 k {202212023 £1,169k) mainly from donations and legacies £950k
{2022123 £947k}, other trading activities £222k (2022123 £191 k) and £49k {2022123 £31 k) received from
dividends and interest on investments.
Expenditure totalled £1,320k {2022123 £876k}.
Cash balances amount to £1.161k (2022123 £1.338k) and represent 49.4 % (2022123 56.40/0> of all funds
invested.
The Trustees have decided to invest a proportion of the charitable funds in Common Investment Funds
(CIFS) and would expect these funds to provide long term capital growth and income. CIFS represent
38.7 % {2022123 35.10/0) of all the funds invesled. The monies held in the CIF Equity Fund showed an
overall increaseldecrease in value of 9.2¥. (2022123 _3.80/0
£91 Ok (2022123 £833k), representing 38.7 % (2022123 35.10/0) of the toial funds is invested on behalf of
the Charity {COIFI in Common Investment Funds. £781k (2022123 £387k), representing 33.20/0
(2022123 16.3 % ) of the total funds is invested with CCLA in a short term deposit account.
Expenditure on our charitable purposes represented 80.5Yo of our total expenditure (compared to 92.00/0
in 2022123). Expenditure on administration and fundraising represented 19.5 % of total expenditure
(compared to 8.OD/o in 2022123).
GOVERNANCE
Organisational Structure
During 2023124 Forest Holme Hospice Charity was governed by a Board of nine Trustees who met
formally five times during the year. Forest Holme Hospice Charity operates a full strategic planning and
budgeting process, with detailed budgets and plans being presented to, and approved by, the Board
each year, with performance subsequently reported and assessed against those plans and budgets on
a bi-monthly basis. Day-to-day running of the charity is delegated to the Chief Executive, who reports
to the Chair of Trustees. Appropriate approval levels are in place within the charity regarding requesls
for funding.
Page 5

Forest Holme Hospice Charity
Trustees, Report
Public Benefit
The Trustees have given due regard to public benefit when planning the charity's activities, in
accordan￿ wilh Ihe Charity Commission's guidance on Public Benefit. In particular, the Trustees
consider how planned activities will contribute to Ihe aims and objectives that have been set. The charity
achieves its principal objecls and purposes through the provision of patient care and staff welfare at
Forest Holme. which provides palliative and end of lrfe care at home, in the hospice and in University
Hospilals Dorsel NHS Foundation Trust to those living within the Poole. Wimborne and the Purbeck
area. These benefits are directly related to the aims ofthe charity and are fully compliant with the Charity
Commission guidan￿ on Public Benefit.
Reserves Policy
The Trustees would expect to hold reserves of a minimum of Iwelve months, budgeted expenditure.
This takes into account the fact thal Forest Holme Hospi￿ Charity does not have any committed long-
term income. that income levels fluctuale across the year, and a proportion of costs are fixed in nature,
all of which have a direct impact on the cash flow of the organisation. Total unrestricted reserves at 31
March 2024 were £2,299k (202212023 £2,311k} which includes designated amounts of £208k
{202212023 £908k). Additional restricted funds of £52k (2022123 £62k) are held for specific projects.
The Trustees recognise that the level of reserves is above their minimum requirement at present, but
they are comfortable with this position due to the impact the cost of living crisis has had, and will
continue to have on the charity's resources, the nature of the flow of income and the Charity's medium
term commilments having designated £208k for the development of its services within the community.
Appointment of Trustees
New trustees are appointed when existing trustees retire or resign. Trustees are normally expected to
have a professional background {e.g. legal, accounting. medical, or health), lived experience or direct
involvement in palliative care and have a good understanding of the aims and objectives of the charity
and its relalionship wilh University Hospitals Dorset NHS Foundation Trust. In the first instance new
Trustees are introduced to the existing Trustees. The potential new Trustee is then invited to a Board
meeting as an observer before appointment is confirmed by a majority vote of the existing Trustees
held al 8 special meeting of the Board. Trustees receive inlroductory training lo the Charity and an
annual update on good governan￿. Trustees can serve a maximum of three, three-year terms on the
Board before they must retire.
Investment Policy
The Trustees have the power lo invest in such assets as they see fil. They have decided to invesl
monies with COIF Charity Funds, managed by CCLA investment Management Ltd. The Investment
Policy is reviewed annually by the Board of Trustees.
Risk Management
The major strategic risks to which the Charity is exposed have been identified and considered by the
Board of Trustees. They include the fundraising targets not being delivered due to the cost of living
crisis, subsequent rise in cost of living and likelihood of a recession (being addressed by scenario
planning, cashflow forecasting and excellenl stewardship of supporters), University Hospitals Dorset
NHS Foundation Trust discontinues investing in End of Life Care (being addressed by working
collaboratively with Macmillan Caring Locally and participating in the Pan Dorset Steering Group for
Page 6

Forest Holme Hospice Charity
Trustees, Report
Palliative and End of Lrfe Care) and the clarity and parity of NHS commissioning arrangements (being
addressed by representing NHS Hospice Charities on NHS England's Commissioning Steering and
Sustainability Work Groups.) These risks, amongst many others. are discussed and systems
established to help mitigate those risks. The Charity maintains a risk register which is reviewed at each
Board meeting by the Twstees.
Income and expenditure is monilored in total and compared with the approved plan on a monthly basis
with the Treasurer to detect trends as part of the risk management process to avoid unforeseen calls
on reserves.
Pay policy for senior staff
There are four key management personnel of the Charity including the Chief Executive, Fundraising
Manager. Communications Manager and the Financial Controller who comprise 3.3 full time
equivalents. The Chief Executive and Communications Manager are paid in accordance with the NHS
(Agenda for Change) salary framework. Subject to salisfactory performance, they also receive annual
increments on the anniversary of their appointment until they reach the top of their band. The
Fundraising Manager and Financial Controller are directly employed by Forest Holme Hospice Charity.
Their salaries are reviewed annually at the start of each financial year. Where senior employees take
on significant new responsibililies during the year, salaries are adjusted accordingly.
Fundraising Practice
Forest Holme Hospice Charity is committed to ensuring that our fundraising is undertaken in an
accountable, courteous, legal, respectful and transparent manner. We are voluntarily registered with
the Fundraising Regulator and all of our activities adhere to the Code of Fundraising Practice. We
received no complaints about our fundraising methods during the course of the year. We do not use
third party professional fundraisers or commercial participators to undertake any of our fundraising
activities and as a small, local charity we feel very strongly that donors are not put under any pressure
to donate to our cause, We do not use cold calling to solicit donations, we do not buy or share personal
data or allow, anyone else to do so on our behalf. We adhere to best practice with regards to data
protection and ensure il is slraightforward for anyone lo stop all, or particular, contact from us.
Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves
aware of any relevant audit information and to establish that the charity's auditor is aware of that
information. The trustees confirm that there is no relevant information that they know of and of which
they know the auditor is unaware.
The annual report was approved by the trustees of the charity on /?.9.202.Knd signed on its behalf
by:
Angle Smith
Trustee
Page 7

Forest Holme Hospice Charity
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the trustees, report and the financial stalements in
accordance with the United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the charity and of the incoming resources
and application of resources of the charity for that period. In preparing these financial statements, the
trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP..
make judgements and estimates Ihal are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in ihe financial ststements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply wilh the Charities Act 2011. the Charities (Accounts and Reports} Regulations 2008,
and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of
the charity and hence for taking reason3ble steps for the prevention and detection of fraud and other
irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation
included on the charitable company's website. Legislation governing the preparation and dissemination
of financial statements may drffer from legislation in other jurisdictions.
Approved by the trustees of the charity on
Angle Smith
Trustee
Page 8

Forest Holme Hospice Charity
Independent Auditor's Report to the Members of Forest Holme Hospice
Charity
Opinion
We have audited the financial statements of Forest Holme Hospice Charity (the 'charily'> for the year
ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow
Statement, and Notes to the Financial Stalements. including a summary of signtficant accounting
policies. The financial reporting frafflework that has been applied in their preparation is United Kingdom
Accounting Standards. comprising Charities SORP - FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and applicable law (United Kingdom Generally AC￿pted
Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charity's affairs as al 31 March 2024 and of its incoming
resources and application of resources. including its income and expenditure. for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.. and
have been prepared in accordan￿ with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in Ihe auditor
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees use of the going concern
basis of accounting in the preparation of the financial siatements is appropriate.
Based on the work we have performed. we have not idenltfied any material uncertainties relating to
events or conditions that, individually or collectively. may cast significant doubt on the charily's ability
to continue as a going concern for a period of at leasl twelve months from when the original financial
statements were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the annual report, other than the financial statements and our auditor's report thereon. Our
opinion on the financial statements does not cover the other information and, excepl to the extent
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon.
Page 9

Forest Holme Hospice Charity
Independent Auditor's Report to the Members of Forest Holme Hospice
Charity (continued)
In connection with our audit of the financial statements. our responsibility is to read the other information
and, in doing so, consider whether the other informalion is materially inconsislenl with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If
we identrfy such material inconsistencies or apparent material misstatements, we are required to
determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Matters on which we are required to report by exception
In the light ofour knowledge and understanding of the charity and ils environment obtained in the course
of the audit. we have nol identified material misstatements in the Trustees. Report.
We have nothing to report in respect of the following matters where the Charities (Accounts and Report)
Regulations 2008 requires us to report lo you if. in our opinion:
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us- or
Ihe financial statements are not in agreement with the accounting records and returns,. or
ertain disclosures of trustees remuneration specified by law are not made.. or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities (set out on page 81, the trustees
are responsible for the preparation of the financial statements and for being satisfied that they give a
Irue and fair view, and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements Ihat are free from material misstalement, whelher due to fraud or
error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability lo
continue as a going concern. disclosing. as applicable. matters related lo going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but lo do so.
Auditor 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 auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guaranlee Ihal an
audit conducted in accordance with ISAS (UK) will always detect a material misstatemenl when it exists.
Misstatements can arise from fraud or error and are considered material rf. individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities. outlined above, to delect material misstatemenls in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
Page 10

Forest Holme Hospice Charity
Independent Auditor's Report to the Members of Forest Holme Hospice
Charity (continued)
As part of our audit planning we obtained an understanding of the legal and regulatory framework that
is applicable to the Charity. We gained an understanding of the Charity and the sector in which the
Charity operates as part of this assessmenl to identfy the key laws and regulations affecting the Charity.
As part of this, we reviewed the Charity's website for an indicalion of any regulalions in place and
discussed these with the relevant individuals responsible for compliance. The key regulations we
identified were Charity legislation, health and safety regulations and employment law. We also
considered those laws and regulations that have a direct impacl on the preparation of the financial
statements such as the Charities Act 2011 and Charities SORP - FRS 102.
We discussed with management how the compliance with these laws and regulations is monitored and
discussed policies and prO￿dureS in place. We also identified the individuals who have responsibility
for ensuring that the Charity complies with laws and regulations and deals with reporting any issues rf
they arise. As part of our planning pr0￿dUreS. we assessed the risk of any non-compliance with laws
and regulations on the Charity's ability to continue trading and the risk of material misstatement to the
accounts.
Based on this understanding we designed our audit procedure to identrfy non-compliance with such
laws and regulations. Our procedures involved Ihe following..
Enquiries of management and trustees regarding their knowledge of any non-compliance with laws
and regulations thal would affect the financial slatements. As part of these enquiries we also discussed
with management whether Ihere could have been any known instances, allegations or suspicions of
fraud.
Reviewed filings with the Charity Commission and whether there were any serious incident reports
made during ihe period.
- Discussed with management rf any health and safety incidents have been recorded during the period.
- Reviewed legal and professional costs to identrfy any possible non-compliance or legal costs in respect
of non-compliance.
Reviewed Board minutes.
Audited the risk of management override of controls, including through testing journals entries and
other adjustments for appropriateness.
Reviewed estimates and judgements made in the accounts for any indication of bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements. This risk increases the
further removed non-compliance with laws and regulations is from the events and transactions reflected
in the financial statements as we are less likely to become aware of instances of non-complian￿. The
risk of not detecting a material misstatement due lo fraud is higher than the risk of not detecting one
resulting from error, as fraud may involve deliberate concealment, collusion, omission or
misrepresentation.
Page 11

Forest Holme Hospice Charity
Independent Auditor's Report to the Members of Forest Holme Hospice
Charity (continued)
A further descriplion of our responsibilities is available on the Financial Reporting Council's website at-.
www.frc.org.uklauditorsresponsibilities. This descnption fomis part of our auditor's reporL
Use of our report
This report is made solely to the charity trustees, as a body. in accordance with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might stale to the Irustees those matters we are required to slate to trustees 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 charity and its trustees as a body, for our audit work, for
this report, or for the opinions we have formed.
ci
PKF Francis Clark. Statutory Auditor
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH152PW
Date: 29 November 2024
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Forest Holme Hospice Charity
Statement of Financial Activities
Year Ended 31 March 2024
(Including Income and Expenditure Account)
Unrestricted
funds
£000
Restricted
funds
£000
Total
2024
£000
Total
2023
£000
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Investment income
950
222
49
950
222
49
947
191
31
Total income
1.221
1,221
1,169
Expenditure on:
Raising funds
Charitable activities
(257)
1.053
(257>
1,063
(70)
10
Total expenditure
Gainsllosses on investment
assets
(1.310)
(10)
(1,320)
(876>
77
77
33
Net income
12
10
22
260
Net movement in funds
(12)
(10)
(22)
260
Reconciliation of funds
Total funds brought forward
2.311
62
2,373
2,113
Total funds carried forward 14
2.299
52
2.351
2.373
The notes on pages 17 to 27 form an integral part of these financial statements.
Page 13

Forest Holme Hospice Charity
Statement of Financial Activities
Year Ended 31 March 2024 (continued)
(Including Income and Expenditure Account)
Unrestricted
funds
£000
Restricted
funds
£000
Total
2023
£000
Note
Income and Endowments from:
Donations and legacies
Other trading activities
Investment income
855
191
31
92
947
191
31
Total income
1.077
92
1,169
Expenditure on:
Raising funds
Charitable activities
(70)
726
(70>
Total expenditure
Gainsllosses on investment assets
(796)
(80)
(876)
Net income
12
260
Net movement in funds
248
12
260
Reconciliation of funds
Total funds brought forward
2,063
2,113
Total funds carried forward
14
2.311
62
2,373
All of the charity's activrties derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 14.
The notes on pages 17 to 27 fom an integral part of these financial statements.
Page 14

Forest Holme Hospice Charity
Balance Sheet
31 March 2024
2024
£000
2023
£000
Note
Fixed assets
Investments
910
833
Current assets
Debtors
Cash at bank and in hand
357
1,161
1,518
238
1.338
1,576
Creditors: Amounts falling due within one year
13
77
Net current assets
1,441
1,540
Net assets
2.351
2,373
Funds of the charity:
Restricted income funds
Restricted funds
52
62
Unrestricted income funds
Unrestricted funds
2,299
2,311
Total funds
14
2.351
2,373
The financial statements on pages 13 to 27 were approved by the trustees, and authorised for issue on
19: 9: 202¥. and signed on their behalf by:
Angle Smith
Trustee
The notes on pages 17 to 27 fonn an integral part of these financial statements.
Page 15

Forest Holme Hospice Charity
Cash Flow Statement
Year Ended 31 March 2024
2024
£000
2023
£000
Note
Cash flows from operating activities
Net cash income
(22>
260
Adjustments to cash flows from non-cash items
Investment income
Revaluation of investments
(49)
(77)
(148)
{31}
33
262
Working Capital adjustments
Decreasel{increase) in deblors
(Decreasellincrease in credilors
(119)
41
(39)
13
Nel cash flows from operating activities
(226)
224
Cash flows from investing activities
Income from dividends
49
31
Net increase in cash and cash equivalents
(177)
255
Cash and cash equivalents at 1 April
1,338
1,083
Cash and cash equivalents al 31 March
1,161
1,338
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 17 to 27 form an integral part of these financial statements.
Page 16

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024
1 Accounting policies
Staternent of compliance
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Reporting Slandard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Forest Holme Hospice Charity meets the definition of a public benefit entity under FRS 102. The
accounts (financial statements) have been prepared under the historical cost convention with ilems
recognised at cost or transaction value unless othepwise stated in the relevant note(s} to these
accounts.
Going concern
The tfustees consider that there are no material Un￿rtaInlieS about the charity's ability to continue as
a going concern.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions
attached to the item(s) of income have been met, it is probable that the income will be received and the
amount can be measured reliably.
Where income has related expenditure (as with fundraising or contract income), the income and related
expenditure are reported gross in the Statement of Financial Activities.
Donations and legacies
Donations, grants and grfts are recognised when receivable. In the event that a donation is subject to
fulfilling performance conditions before the charity is entitled to the funds. the income is deferred and
not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income
from Gift Aid tax reclaims is for any donations with relevant Gift Aid certificates recognised in income
for the year. Any afflounts of Gtft Aid not re￿iVed by the year end are accounted for in income and
accrued income in debtors.
Legacy gifts are recognised on a case by case basis following the grant of probale when the
administralorlexecutor for the estate has communicated in writing both the amount and settlemenl date.
In the event that the gift is in Ihe form of an asset other than cash or a financial assel traded on a
recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with
a degree of reasonable accuracy and the tille to the asset having been transferred to the charity.
Grants receivable
Income from government and other grants, whether'capital, grants or'revenue, grants, are recognised
when the charity has ents'tlement to the funds. any performance conditions attached to the grants have
been mel, it is probable that the income will be received and the amount can be measured reliably and
is not deferred.
Page 17

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
Other trading activities
Sponsorship from events, fundraising and events registration fees are recognised in income when the
event takes place. Lottery income is accounted for in respect of Ihose draws Ihal have taken place in
the year.
Investment income
Interest on deposit funds held is included when recetvable and the amount Can be measured reliably
by the charity which is normally upon notification of the interest paid or payable by the bank. Dividends
are recognised once the dividend has been declared and notification has been received of the dividend
due. This is normally upon notrfication by our inveslment advisor of the dividend yield of the investment
portfolio. Income tax recoverable in relation to investment income is recognised at the time the
investment income is receivable.
Expenditure
All expenditure is recognised On￿ there is a legal or constructFve obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All expenditure is accounted
for on an accruals basis under the following headings:
Raising funds
Costs of raising funds comprises fundraising costs incurred in seeking donations, grants and legacies.,
investment management fees- costs of fundraising activities and their associated support costs.
Fundraising costs do not include the costs of disseminating infomiation of support of the charitable
activities.
Charitable activities
Expenditure on charitable activities includes the costs of providing specialist palliative care and support,
community services, research and other educational activities undertaken to further the purposes of the
charity and their associated support costs.
Volunteers
The value of the services provided by volunteers is not incorporated inlo these financial stalements.
Further details of their contribution is provided in note 9 to these financial slatements and in the
Trustees. report.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received
within calegories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of Ihe
Taxation of Chargeable Gains Acl 1992. to the extent that such income or gains are applied exclusively
to charitable purposes.
Page 18

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
Fixed asset investments
Fixed asset inveslments, other than programme related investments, are included at market value at
the balance sheet date. Realised gains and losses on investmenls are calculated as the difference
between sales proceeds and their market value at the starl of the year, or their subsequenl cosl, and
are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited
or charged to the Statement of Financial Activities based on the market value at the year end.
Debtors
Debtors are amounts due from customers for merchandise sold or ServI￿S performed in the ordinary
course of business.
Trade and other debtors are recognised initially at the transaction price. They are subsequently
measured at amortised cost using the effective interest method, less provision for impairment. A
provision for the impairment of Irade debtors is established when there is objective evidence that the
charity will not be able to collect all amounls due according to the original tertns of the receivables.
Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and
tax recoverable is induded at the best estimate of the amounts receivable at the balance sheet date.
Cash and ￿sh equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant
risk of change in value.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due lo seltle the obligation can
be measured or estimated reliably. Creditors are normally recognised at their selllement amount after
allowing for any trade discounts due.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use
of which is restricted to that area or purpose.
Page 19

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
Pensions
Employees of the Charity whose costs are recharged by University Hospital Dorset are entitled lo join
Ihe NHS Pension Scheme, a defined benefit scheme. The scheme is not designed lo be run in a way
Ihat enables bodies to identrfy their share of the underlying scheme assets and liabilities. Therefore, the
scheme is accounted for as rf it were a defined contribution scheme: the cost to Ihe charity of
participating in the scheme is taken as equal to the conlnbutions payable to the scheme for the
accounting period. There were no outstanding contributions at the year end. The costs of the scheme
are included with the associated staff costs and allocated to raising funds, charitable activties. support
and governance costs and charged lo the unrestricted funds of the charity.
The charity operates a defined contribution pension scheme for direct employees of the charity.
Contributions are charged in the statement of financial activities as they become payable in accordance
with the rules of the scheme.
2 Income from donations and legacies
Total
2024
£000
Total
2023
£000
Donations and legacies:
Donations
Legacies
Grants. including capital grants,.
Grants
341
588
318
410
21
950
219
947
3 Income from other trading activities
Total
funds
£000
Total
2023
£000
Events income.
Other events income
222
222
191
191
Page 20

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
4 Investment income
Total
2024
£000
Total
2023
£000
Income from dividends.,
Dividends receivable from other listed investments
Interest Income
24
25
31
49
31
5 Expenditure on raising funds
Costs of generatlng donations and legacies
Total
2024
£000
257
Total
2023
£000
70
Other direct costs of generating voluntary income
6 Expenditure on charitable activities
Total
2024
£000
201
153
104
116
25
428
20
16
1,063
Total
2023
£000
277
151
129
185
41
Nursing
Counsellors & Therapy
Contribution to UHD for Hospice running costs
Patient welfare l amenities
Staff welfare l amenities
Refurbishment
Podcast
Miscellaneous
23
806
7 Net incomingloutgoing resources
Net incomingloutgoing resources for the year include:
2024
£000
2023
£000
12
Audit fees
Page 21

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have re￿iVed any remuneration from the charity
during the year.
No trustees have received any reimbursed expenses or any other benefits from Ihe charity during the
year.
9 Staff costs
The aggregate payroll costs were as follows:
2024
£000
2023
£000
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
108
10
29
123
32
The monthly average number of persons (including senior managemenl I leadership team) employed
by the charity during the year expressed as full time equivalents was as follows=
2024
No
2023
No
Charity Administration
The above numbers are for the staff employed direct by the Forest Holme Hospice payroll scheme
which was effective for the full year 23124 compared to 6 months frorn October 2022 for 22123. Most of
the hospice staff continue to be employed by University Hospital Dorsel, average number full time
equivalents was 12 - £504k {22123 13 - £602k)
No employee received emolumenls of more than £60,000 during the year
10 Taxation
The charity is a registered charity and is therefore exempl from taxation.
Page 22

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
11 Fixed asset investments
2024
£000
910
2023
£000
833
Other investments
Other investments
Listed
investments
£000
Total
£000
Cost or Valuation
At 1 April 2023
Revaluation
833
77
833
77
At 31 March 2024
910
910
Net book value
At 31 March 2024
910
910
At 31 March 2023
833
833
12 Debtors
2024
£000
2023
£000
Prepayment5
Accrued income
Gift aid receivable
351
221
14
238
357
13 Creditors: amounts falling due within one year
2024
£000
2023
£000
Trade creditors
Other Creditors
20
57
36
77
36
Page 23

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Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
The specific purposes for which the funds are to be applied are as follows..
Restricted funds are allocated to patient welfare and amenities.
15 Analysis of net assets between funds
Total
funds
at31
March
2024
£000
Unrestricted funds
Designated
£000
Restricted
funds
£000
General
£000
Fixed asset
investments
Current assels
Current liabilities
910
1.258
177)
910
1.518
1771
208
52
Total net assets
2,091
208
52
2,351
Total
funds
at31
March
2023
£000
Unrestricted funds
Designated
£000
Restrlcted
funds
£000
General
£000
Fixed asset
investments
Current assets
Cu￿ent liabilities
833
606
136)
833
1.576
{361
908
62
Total net assets
1,403
908
62
2.373
Page 26

Forest Holme Hospice Charity
Notes to the Financial Statements
Year Ended 31 March 2024 (continued)
16 Related party transactions
During the year the charity made the following related party transactions:
University Hospitals Dorset NHS Foundation Trust (UHD) operates Forest Holme Hospice. UHD
supports the Hospice financially and is committed to pay for certain agreed staff costs and amenities.
The Charity agreed to make a contribution of £946k including £398k for the refurbishment {2023: £604k)
towards the general running costs of Forest Holme Hospice during 2023124.
The following Trustee of the Charity, during the accounting year. was employed by (UHD):
Dr Beverley Lee, Consultant in Palliative Medicine.
Charlotte Lilley. a Trustee, is an Associate Solicitor at Coles Miller Solicitors LLP, the Charity's solicitors.
Page 27