Company No 03063721
Charity No 1048934
WOODLANDS HOSPICE CHAIUTABLE TRUST
CONSOLIDATED FINANCIAL STATEMENTS
FOR YEAR ENDED 31 MARCH 2024

WOODLAIWS HOSPICE CHARITABLE TRUST
CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
CONTENTS
Page
Company infonnation
Triistees annual report
2-12
Independent aiiditors, rcport to the members and Trustees
13-16
Consolidated statement of financial activities
17
Summary income and expendittire account
18
Consolidated balance sheet
19
Charitable company balance sheet
20
Consolidated cash flow statement
21
Notes to the consolidatcd financial stalein¢nts
22-40

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
Company Registration No.
03063721
Charity Registration No.
1048934
Registered Office
AUH Campus
Longmoor Lane
Liverpool
L9 7LA
Directors and Trustees
B. Bartlett BA Hons Dip Arch RIBA (Chairman)
C. J. Hudson (Vice Chairnian)
C. Walthcw (Treasurer)
Dr C. M. Hubbcrt MRCGP DRCOG
C. Brennand FCA
A. Johnson
R. Lee
S. Wooliscroft
c.xi
Company Secretary
R. C. Johnston
Auditors
Lonsdale & Marsh
509-51 O Cotton Exchange
Bixteth Street
Liverpool
L3 9LQ
Solicitors
Hill Dickinson
No I St Pauls Square
Liverpool
L3 9SJ
Bankers
National Westminster Bank PIC
Corner Longmoor Lane and Cedar Road
Liverpool
L9 OEG
Investment Managers
Investec Wealth & Investment (UK)
Port of Liverpool Building
Pier Head
Liverpool
L3 INW

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR EIYDED 31 MARCH 2024
The Trustees present their report and the financial statements of the charity for the year ended 31 March 2024.
The company infornlation set oiit on page I fornis part of this report. The financial statements have been
prepared in accordance with ihe accounting policies set out in Note I to the fiiiancial stateiiients and coinply
with the Charities Act 2011. Companies Act 2006 and "Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Fiiiancial
Reporting Standard applicable in the UK Republic of Ireland (FRS 102) and with the company's
Memorandum and Articles of Association.
INTRODUCTION
The incorporated charity is governed by the M¢morandum and Articles of Association. The first members
of th¢ coiiiicil of management ivere appointed trustees of Woodlajids Hospice Charitablc Trust under tl)e
terins of a TrLlSt Deed dated 6 July 1992.
LEGAL STATUS
Tlie charity, whicli was incorporated on l June 1995. is limited by guarantee wl)ereby each member of the
company undertakes to contribute such amoiint as may be required, not exceedii)g £ I, to the company's assets
if it sljoiild be woiind up while lielshe is a Inember" or wiiliin one year after helshe ceases to be a meinb¢r.
for payment of the company's debts and liabilities contracted before helshc ceases to be a iiieinber, and of
the costs, charges and expenses of winding up. and for the adjustment of the rights of tl)e contributories
among themselves.
PURPOSE and PUBLIC BENEFIT
The piirpose of Woodlands Hospice is to promote and deliver a specialist palliative care service to the
residcnts of North Liverpool, Soiith S¢fton, and Kirkby in Knowsley who are living with a life limiting illness
throiigh the establishment and maintenance of hospice facilittes.
The direct piiblic benefits tliat flow from this purpose are
(i) Improving the qiiality of life of those living
with life limitiiig illnesses, (li) Reduction in hospital admissions of tliose wl)o could benefit froin Iiospice
care, (iii) Emotional and psychological support for patients and th¢Ar families, (iv) Educatioii and training of
other local organisations caring for those with end of life care needs (v) Allowing patients to die in their
preferred place of care, (vi) Enhancing and retaining independence for those living witli a life limiting illness.
These benefits can be evidenced through the feedback received from patients and fainily's satisfaction
siirveys, positive feedback received from Trustee visits and the Key Perforinance Indicators reported to
Ti'ustees. senior staff and commissioners.
Tliere is no private benefit flowing from the organisation. Beneficiaries of Woodlands Hospice are people
living with a life limiting illness and their families living in the local or wider area.
The Trustees have complied ivith a duty in Section 4 of the Companies Act 2006 and confirm that they hav¢
referred to the giiidance contained in the Charity Commission's general guidance on public benefit when
reviewing the charity's aims and objectives and in planning future activities.

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
ORGANISATION
A Board of Trustees comprising twelve members (three current vacancies carried in year) adininisters the
charity. New Trustee appointments are recommended by the Nominations Cominittee and approved by the
Board. A full induction programme is provided for all new Trustees to ensure that they are aware
of the charity, s objects, strategy and activities and their responsibilities as Trustees.
The Board has established formally constituted sub-committees, each with specific tenns of reference and
functions, delegated by the Board and with a Trustee as Chair. Th¢ established coinmittees are Personnel,
Finance (which overviews Income Generation), Patient and Family Services Governance, Governance (which
overviews the staff - led Health and Safety Committee) and the Investment and Reserves sub-committee.
There is an additional Capital Projects sub-committee which is chaired by a Trustee to keep pace with any
capital projects or planning. These committees meet on a regular scheduled basis with at least three meetings
held each year for each committee. Full minutes of all committee meetings are submitted to the Board
meetings held every three months.
The Triistees delegate the day-to-day management of the hospice to the Chief Executive, Mr Robcrt Johnston.
Mr Johnston works closely with the Executive Management Team. Day to day decisions are taken within
individual teams, with managers whcre appropriate, and escalated to the Executive Management Team if they
impact on the wider organisation.
The Chief Executive's salary is based on benchmarking against other hospices. These are recommended by
the Triistee led Personnel Committee, supported by the Trustee led Finance Committee and approved by the
Board of Trustecs.
CONSTITUTION
The Woodlands Hospice Charitable Trust was established as a Charitable Trust by a Trust Deed dated 6 July
1992 under registered number 1048934.
The Trust was wound down under the ternis and conditions of the Trust Deed on 31 December 1995 and at
that date the assets of the Trust were donated to Woodlands Hospice Charitable Trust Limited. The coinpany
was incorporated on l June 1995 under the Companies Act 1985 as a private company limited by guarantee
under company number 03063721.
PRINCIPAL ACTIVITY
The principal activity of the company during the year was to deliver a specialised palliative care service to
local people and their families, through collaboration with LUHFf and Merseycare.
REVIEW OF DEVELOPMENTS, ACTIVITIES AfiD ACHIEVEMENTS
Inpatient bed occupancy has maintained very high levels throughout the year with increases in oiitpatients.
ambulatory patients and their siipport from Patient and Family Services, tt's very much a hospice working at
capacity.

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT
Woodlands Hospice Charitable Triist in Liverpool plays a crucial role in providing palliative care services to
patients with life-limiting illnesses. The Triistees, Anniial Report of Woodlands Hospice providcs a
coinprehensive overview of tlie organisation's financial perforniancc. achievemeiits, challenges, and strategic
direction for the fiiture. This report reflects the commitment and dedication of the Trustees, staff, volunteers,
and donors in supporting the charity's mission.
Together, Iviih oiir collaborators. we aiipl lo suppoi'l and eipipoiver our coipiiiiunity, providing iheiii with
exceplional tyealiiienl andcare, alloiving iheiii lo iiiainlain a seiise ofnoriiialityfor as long aspossible.
The Woodlands Hospice Charitable Trust's annual report for the year ending in March 2024 provides insights
into the operations and services offered by the charity. It includes detailed information on patient and family
services, siipport services. volunteer services, and income generation activities. Throiigli this report, tlie
Triistees aim to transparently cominunicate the impact of their work and thc utilisation of resources to meet
the iieeds of the community we aim to serve.
One of tl)e significant aspects covered in the Trustees, Annual Report is the financial performance of
Woodlands Hospice. The report includes detailed consolidated fjnancial statements, which oiitline the
incoiniiig resoiirces, expenditiire, assets, and liabilities of the organisation. This fiA)ancial transparency is
essential iii building trust with our stakeholders. including donors. funders, delivery partiiers and regulatory
bodies.
Fiirtliermore, the Triistees, Anniial Report highlights the challenges and opportunities faced by Woodlands
Hospice in delivering palliative care services. Tliese challenges may include funding constraints, staffing
issiies, regulatory changes, and the increasiiig deimand for palliativc care in the coininuiiity. By addressing
these challenges in the anniial report, tlic Trustees deJnoJistrate tlieir awareness of the operatioiial enviroiiinent
aiid their cominitinent to overcoming obstacles to continue providing high-qiiality care.
Moreover, oiir Trustees, Anniial Report serves as a platfonn to recognise the contributions of staff. volunteers,
aiid doiiors to the success of Woodlands Hospice. It acknowledges their dedicatioii, hard work, and geiierosity
in siipportiIig the charity's mission. By expressing gratitiide and appreciation in the report, the Trustees
reinforce a cultur¢ of recognition aiid inclusivity withii) the organisation.
In addition to reviewing past performance and achievements. the Trustees, Annual Report outliiies the
strategic direction and goals for the future. This forward-looking approach is cssential in ensuring the long-
terin siistainability and relevance of Woodlands Hospice. By settiiig clear objectives and priorities, the
Triistees provide a roadmap for the organisation's giolvth and development in the coming years.
Woodlands Hospice's Trustees, Annual Report also plays a crucial role in accountability and governance. By
disclosing information on governance structiires. decision-making processes, and regulatory compliaiice, the
report assiires stakeholders of the charity's commitment to ethical practices and transpareiicy. This
accountability fosters trust and confidence in the organisation's leadership and operations.
In concliision. the Trustees, Annual Report of Woodlands Hospice in Liverpool is a comprehensive docuin¢nt
that reflects the organisation's comm itment to excellence, transparency. and accoiintability iii deliveriiig
palliative care services. Throiigh this report, the Trustees commiinicate thelr achievemeiits, challenges, and
fiiture plans. while also recognising the contributions of stakeholders. The annual report not only serves as a
tool for goverA)ance and accoiintability but also as a platform forsharing best practices and driving continuous
improvemeiit in tlie palliative care sector.

WOODLAIYDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
Governance
Maintaining good governance is essential for the Woodlands Hospice Charitable Group to operate effectively,
ethically. and transparently. Good governance ensures ihat the charity fulfils its legal and ethical obligations,
acts in the best interests of its beneficiaries and Maintains the trust and confidence of stakeholders, Here are
some key practices that Woodlands Hospice Charitable Group employs to maintain good governance:
l. Compliance with Legal and Regulatory Requirements
The charity complies with the legal and regulatory framework set out by tlie Charity Commission and
Companies House. This includes adhering to charity law, filing annual reports and accounts, and meeting
reporting requirements. The charity also complies with relevant Icgislation, such as data protectioii laws.
employment laws and health and safety regulations.
2. Effective Trusteeship
Woodlands Trustee's play a crucial role in governing and overseeing the activities of th¢ charity. Trustees are
responsible for setting the charity's Strategic direction, ensuring compliancc with legal requireinents, and
safegiiarding the charity's assets. Effective trusteeship involves recruiting trustees with diversc skills and
experience, providing training and support for trustees, and fostering a culture of transparency and
accoiintability at board Icvel. The board has matured in to a highly effective and engaged group of highly
skilled professionals covering all the keys areas.
3. Clear Govemance Structures
Wc have established clear governance struclures to define roles. responsibilities. and decision-making
processes within the organisation. This includes the establishment of a board of trustees, sub Committees, and
task and finish groups. The board activity is supplemented with an cxecutive group of managers chaired by
the Chief Executive to drive the operations and also to create governance documents, to outline the charity's
purpose. governance arrangements and operating procedures.
4. Risk Management
The charity has robust risk manag¢ment proccsses to identify, assess, and mitigate risks that may impact the
charitys operations and objectives. This includes conducting risk assessments, developing risk management
policies, and monitoriiig and revieiving risks on an ongoing basis. Effective risk maiiageinent helps tlie cliarity
to anticipate and address potential challenges proactively.
5. Financial Management and Transparency
We maintain sound fiscal management practices to ensure the responsible stewardsliip of funds and resources.
This incliides preparing annual budgets, financial reports, and accounts in accordance with accounting
standards. Furthermore. we also disclose financial inforination to our stakeholders sucli as donors, funders.
and regulators to demonstrate transparency and accountability
in our
financial affairs.
6. Ethical Fundraising Practices
The charity adheres to ethical fundraising practices to maintain the trust and confidence of donors and the
public. This includes complying with the Fundraising Code of Practice, ensuring that fundraising activities
are conducted in a transparent and respectful manner, protecting the privacy and rights of donors and
furthermore, we disclose infomiation about how funds are raised and used to donors and the public.

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
7. Impact Measurement and Evaluation
We are increasing our fociis on Jneasiiring and evaluating the impact to asscss the effectiveness of our
prograins and services. This involves setting clear objectives, collecting data on outcomes and outputs, and
using evaluation findings to infom) decision-making and improve servic¢ delivery. By demonstrating their
impact we continiie to build credibility and trust witl) stakeliolders.
8. Continiious Learning and Improvement
As a professional organisation we prioritise continiioiis learning and improvement to enhance our governance
practices and organisational perforniance. Tliis may involv¢ conducting governance reviews, seeking
feedback from stakeholders. participating in training and development opportunities, and staying informed
abolit einerging trends and best practices ill the charity sector. By fostering a culture of learning and
improvement, we've been able to adapt to changing circuinstances and stren￿ben our governance practices
over tiine.
By implementing these key practices, we've continuously improved our governance, upheld oiir values and
mission, and ensiired the effective and sustainable delivery of services to our beneficiaries. Good governance
is essential for biiilding triist, accountability, and credibility within our sector and for fulfilling oiir charitable
purposes for which ive were established.
Fundraisin
Woodlands Hospice like inany hospices faces fuiiding constraints. To address thesc cliallenges aiid eiisiire the
siistaiiiability of oiir palliative care services, tlie cliarity employs various strategies and initiatives. Heir are
soine ways iii wliicli Woodlarftds Hospice addresses fundiIJg constraints:
l . Diversification of Income Sources
Woodlands Hospice recognises the importance of diversifying its income soiirces to rediicc reliance on a
single fiiIiding streain. Thc charity actively seeks funding from a variety of sources, iiicliiding govcrnment
graiits, donations from individiials and corporate partiiers, fundraising events, and legacy gifts, By
diversifying its income streams, Woodlands Hospice can mitigate the iinpact of fluctiiations in funding froin
any one soiirce.
2. Fundraising Events and Campaigns
Woodlands Hospice organises fundraising events and campaigns throughout the year to raise awareness abolit
its services and generate financial siipport. Thesc events may incliide charity walks, sponsored runs, gala
dinners, and online fiindraising campaigns. By engaging with the commuiiity and encouraging participation
in fundraising activities. Woodlands Hospice can continue to attract new donors and supporters to contribute
to its funding needs.
3. Grant Applications and Partnerships
Woodlands Hospice actively seeks grants from government agcncie4 charitable foundations, and other
fiinding bodies to siipport its programs and services. The charity has collaborated with partner orgaiiisations
to apply for grants that align ivitli its mission and objectives. By leveragiiig partiiersliips and grant
opportunities, Woodlands Hospice can acc¢ss additional funding sources to supplemeiit its budget and expand
its services.

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
4. Donor Stewardship and Relattonship Building
Woodlands Hospice places a strong emphasis on donor stewardship and building long-terni relationsliips with
supporters. The charity acknowledges and appreciates the contributions of donors through personalised
comn]unications. donor recognition events, and updates on the impact of their donations. By cultivating
strong relationships with donors, Woodlands Hospice fosters loyalty and continiied support for ils funding
needs.
5. Eificiency and Cost Management
Woodlands Hospice continuously evaluates its operational eificiency and cost management practices to
maximise the impact of its funding. The charity may implement cost-saving Ineasures, streamline processes.
and optimise resoiirce allocation to ensure that funds are iised effectively to support patient care and services.
By Inaintaining financial prudence and accountability. Woodlands Hospice makes the most of its available
resources.
6. Legacy Giving and Planned Giving Programs
Woodlands Hospice encoiirages supporters to consider legacy giving and planned giving as a way to support
the charity in the long terni. Legacy giving involves leaving a gift in one's will to the charity, while planiied
giving may include donations of assets. By promoting legacy and planned giving programs, Woodlands
Hospice can seciire future funding and build a sustainable financial foundation for its operations.
7. Limited Company Activities
There's a real ambition to open more shops with one in Maghull opened this year and a further three planned.
The shops bring in much needed revenue and also serve to inforn) the community about their local hospice.
Overall, Woodlands Hospice employs a multi-faceted approach to address funding constraints and ensure the
continued provision of high-quality palliative care services to patients and their families. By diversifying
income sources, increasing the shop portfolio and managing costs efficiently Woodlands Hospice
demonstrates its commitmcnt to financial sustainability and rcsilience.
With a clear vison. mission. values and plans the team demonstrates consistently critical qualities of
accoiintability, empathy, fortitude, foresight. selflessness. and integrity.
Future develo
ments
The financial year 2024125 will see the completion of the work around the building to improve the experience
of everyone who attends the hospice. Furthennore, after much invcstigation and consideration this year will
see the first large scale concerted effort to fix the longstanding roof issues.
Further investment into the fundraising capability will see two new posts specifically to increase Community
and Corporate fundraising with a concerted effort to fill the vacant Grants Manager position with someone
skilled and experienced to l¢ad this important area.
The charity shop numbers increased by going back to Maghull with a totally different model to the one we
previously had there, which has proven to k fruitful.
The hospice will continue to deliver services to meet the ongoing needs of our patients and their families.
The robust governance structures in place will ensure continiiing high standards of quality and safety together
with adherence and compliance to r¢giilatory requirements.

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES. ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
There are no immediate plans to Change the constitution of the Trustee Board as it works exceptionally well.
Patient and Famil Services
Patient and Family services have the spccialist skills to provide personalised and compassionate care that
significantly contribiites to the building of trust with patients which can make tlie differcncc between a patient
choosing to seek support. or not. Creating an environment where patients feel comfortable and supported has
a profoiind positive impact.
A notable accomplishment from this year has been the successful implementation of the drop-in groiip whicli
lias liad a positive impact by cmpoivering patients.
The team are proiid of their partnership with Vauxhall Law Centr¢ who are an integrated part of the team
holding specialist advice clinics at the hospice.
The pandemic has had an enormoiis impact on people's well-being, and the hospice has seen an iiicrease in
referrals and complexity. Patient and Fainily Services liave been creative witli the liinited resources. Morc
voluiiteers have been recriiited into the Patient and Family Services Team, providii)g iraining, mentorship
and siipervision whilst developing new roles to meet challenges and unmet need.
Patient experience has been enhanced with the introduction of Woodlands Hospice tipple trolley facilitated
by ti'ained voliinteers.
Tlie Team will continue to focus on our mission and dejnonstrate our values in providiiig excellent
coinpassionate therapeutic support.
uali
and Im
rovement
Each year every department has been busy adding or iipdating policies to better reflect tlie present coinpliance
environment with agr¢¢ment froin the respective sub-committee.
Facilities and Infrastructure
The IPU has had a complete refresh, incliided in tl)is are all the rooms and many of ihe offices and corridors.
Work coiitinucs across the site to iinprove everything from ligliting and Iieating to the gardens.
Patient Information S stemslData Collec(ion and Re
ortin
Continued development of impact reporting to include outcome measures that demonstrate the difference
made, through audits iindertaken with organisational partners and service users.
It is ensiired that the OTgani5ation meets the standards measured by the NHS Data Security and Protection
Toolkit and LUHFT Infectioii Prevention Controls.
Carefiil consideration has been given to compliance with General Data Protection Regulations (GDPR) across
the organisation.
Senior tneinbers of staff hold the positions of Senior Inforniation Risk Owner and Caldicott Guardians.

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 IVIARCH 2024
Human Resources
The Trustees, the workforce and the volunteers have consolidated in to a stable and highly effective groiip of
people aligned to deliver the ambitions of the charity. Motivation and morale are judged to be high across the
group with a new positive 'can do. culiurc embedded within our people.
We maintain high levels of participation in the e-Learning platforni which is enabling more modiiles of high-
quality training to be dclivered, whilst encouraging attendance on courses to achieve nationally recognised
CPD qualifications. HR has increasingly supported the CEO on culture change and perforinance improvement
journey.
The People HR app is fiilly installed and supports holidays and is used to enable staff to receive messages
regarding the hospice. This app is increasingly becoming a place of truth for employees witli Inore documents
such as policies being uploaded to it. Procedures, proc¢sses and paperwork for HR contiiiue to be reviewed
and updated along with the Iiandbook for volunteers and salaried staff.
Volunteers
Our strategy for the recruitment training and retention of volunteers has gone well with new volunteers
recruited to all aspects of the charity.
Our volunteers are a remarkable group of people who are talented, committed and enthusiastic and withoiit
whom the charity could not function.
External Relationshi
s and Collaborations
Throughout the year the charity has continued to work in collaboration with clinical and managerial
colleagues in LUHFT and Merseycare. As well as other hospices in the region in order to support each other.
We have continued to work collaboratively with other providers in thc best interest of Woodlands patients
and service users.
W¢ liave been promoting the work of the charity to improve wplc's understanding of hospice care and the
services provided.
Finance De
artment
This department has come throiigh a lengthy development process. from improving cash handling to making
all heads of department, financial managers who can readily understand financial information whilst on a
journey to be more effective budget holders.
Marketin
and Communications
This department plays an integral role across all department with a focus on support for fundraising and
building our brand across oiir area. We are visible on all known mainstream platforn]s and much of our dcsign
work is undertaken in house.

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, AIYNUAL REPORT
YEAR ENDED 31 MARCH 2024
Overall Result
Tlie final position for the Woodlands Hospice Charitable Group, prior to gains on investments, was a loss of
£112k (2022123: gain of £2k).
To this loss is deducted the gain in value of investtnents amounting to £46k (2022123: loss of £64k).
This resiilts in an overall decrease in res¢rv¢s of £66k (2022123 decrease of £62k).
Reserves and Investment Policies
A Task and Finish Group has been convened to explore both our reserves and investment practiccs and
modernise the policy environment. The Group has met regularly and invited specialists to address both the
Task and Finish Group and the Board. Both policies are presently being re-written.
The objectives of the investment policy, as documented by the Trustees, is for the fiinds held in the portfolio
to provide an above inarket averagc incoine froin the siirpliis capital of the charity. aiid to acliieve a balanced
retiirn from income and capital groivth. The investment policy of tl)e Triistees documents a inedium level of
risk for the portfolio.
Whilst the Triistees do consider the ethtcal implications of the investtnents held iii the portfolio by placing
restrictions on direct investinenls in entities that may b¢ in coiiflict witli the cliaritablc objects of tlie l)ospice,
tliey do iinderstaiid that by iising a collective approach it is iinpossible to avoid some sectors.
The current reserves policy of the Woodlands Hospice Charitable Group is that unrestricted funds, wliicli
Iiave not beeii designated for a specific iise, should be inaintained at a level equivalent to approxiinately teii
Inontlis of ciistomary anniial expenditure, being approximately £lm. The trustees consider that reserves at
this level will ensiire that, in tlic event of a significant drop iii fiinding, they will be able to continiie tl)¢
cliarity's current activities while consideration is given to ways in Nvliich additioiial funds Inay bc raised. Tliis
level of reserves has been maintained throiighout the year.
Pi'inci
al Risks aii(l Uncertainties
Tlie Board of Trustees revieived aiid identified the major risks and iincertainties that had the potential to
impact the liospice. These were ongoing financial uncertainty and tlie necessary repairs to the roof.
10

WOODLANDS HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
TRUSTEES, RESPONSIBILITIES
The Trustees, who are also the directors of Woodlands Hospice Charitable Trust for tlie purpose of company
law, are responsible for preparing the Trustees Report and th¢ financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company
law the Trustees miist not approve the financial statements unless they satisfied that they give a true and
fair view of the state of afrairs of the charity and of the incoming resources and application of resources,
incliiding the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
select suitable accounting policies and then apply them consistently.
observ¢ the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are siifficient to shoiv and explain
the charity's transactions and disclose with reasonablc accuracy at ai)y time the financial position of the
charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They
ar¢ also responsible for safeguarding the asscts of the charity and hence for taking reasonable steps for the
prevention and detcction of fraud and other irregularities.
The Triistees are responsible for the maintenance and integrity of the corporate and financial information
included on the charity's website. Legislation in the United Kingdom governing the preparation and
dissemination of accounts may differ from legislation in other jurisdictions.
THE TRUSTEES
The Triistees, who are also Directors for the purposcs of company law, who served the charity during the
year and the period up to which the accounts were approved were as follows:
B. Bartlett BA Hons Dip Arch RIBA (Chairnian)
C. J. Hiidson (Vice Chaimian)
C. Walth¢w (Treasurer)
Dr C.M. Hiibbert MRCGP DRCOG
C. Brennand FCA
A. Johnson
R. Lee
S, Wooliscroft
c.xi
None of the trustees has any beneficial interest in the company.

wOODLAI￿s HOSPICE CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
RELATED PARTIES AND OTHER CHARITIES
Tlie charity has one wholly owned subsidiary, Woodlands Hospice Limited. The subsidiary operates a lottery
and cliarity shops and uses this to support Woodlands Hospice Charitable Trust.
RISK MANAGEMENT
The responsibilities of Trustees are defined by the Memorandum and Articles of Association, The Charities
Act and company law.
These responsibilities include:
Ensiiring tliat the charity only undertakes activities that are ivithin their objects and powers.
Actiiig only in tlic interests of the charity and its beneficiaries.
Taking decisions in keeping with their duty of care and diity to act priidently.
Establishing management arrangements to ensiire appropriate standards and procediires are in place,
that those standards and procediires are coinplied with and corrective action takeii where iiecessary.
Ensiiring compliance with all relevant statutory regulation and adoption of best practice priiiciples.
Tlie Triistees obtain comfort that their responsibilities are discharged by:
Regiilar reports to thc Board of Trustees.
Iiidependent aiidit of tlie accoiints and financial systems.
Tlie aiithority of the Personnel, Financc. Patient and Family Services Governance and Governance
Committees.
The adoption of the appropriate policies and proc¢dur¢s including the risk manageineijt policy.
Audit by external agencies (e.g. Fire Service, Environmental Health Inspectors, Insiirance Company)
The triistees have examined the major stratcgic. biisiness and operational risks ivhich tl)e cliarity faces and
confirm tliat systcms Iiave been established to enable regular reports to be produced so tliat iiecessary steps
cai) be taken to lessen thesc risks.
AUDITORS
A resolution to re-appoint Lonsdale & Marsh will be put to the Annual General Meeting.
STATEMENT OF DISCLOSURE TO AUDITORS
Iii so far as the Triistees are aware there is no relevant aiidit inforination of wliich tlie cl)aritable company's
auditors are unaware, and each Triistee has taken the steps that they ought to have taken as Trustees in order
to inake theinselves aivare of any relevant aiidlt information and to establish tliat the charitable coinpany, s,
aiiditors are awar¢ of that infonnation,
Registered office:
Woodlands Hospice
AUH Campiis
Longinoor Lane
Liverpool
L9 7LA
Signed b
der of the Trustees
Mr B Bartlett
Hons Dip Arch RIBA
Trustee (Chaimian)
Approved by the Triistees on 26 November 2024
12

WOODLANDS HOSPICE CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF
WOODLAM)S HOSPICE CHARITABLE TRUST
Opinion
We have audited the financial statements of Woodlands Hospice Charitable Trust (the "parent charitable
company") and its subsidiary Woodlands Hospice Limited (the "group") for the year ended 31 Marcl) 2024
whicl) comprise the group statement of financial activities, the group summary income and expenditure
account, the group and parent charitable company balance sheets, the group cash flow statement and thc notes
to the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the
UK and Repiiblic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the fjnancial statements:
give a true and fair view of the state of the group and parent charitable company's affairs as at 31
March 2024 and of its incoming resources and application of resources for the year then ended;
have been properly prepared in accordance with United Kingdom Gcnerally Accepted Accounting
Practic¢.
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
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, incliiding 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 siifficieiit and
appropriate to provide a basis for our opinion.
Conclusions relating to going Concern
In auditing th¢ financial stat¢ments, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the group's and parent charitable
company's ability to continue as a going conccrn for a period of at least twelve months from when the
financial statemcnts are 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 inforn]ation. The other inforniation coinprises thc infonnation
included in the anniial report other than the financial statements and our auditor's report thereon. Our opiiiion
on the financial statements does not cover the otlier information and, except to the extent otherwise cxplicitly
stated in our report, we do not express any forn] of assurance conclusion thereon.
13

WOODLANDS HOSPICE CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF
WOODLANDS HOSPICE CHARITABLE TRUST
Ii) Connection with our aiidit of the financial statements. our responsibility is to read the other inforniation
and, in doing so. consider whether the other inforn]ation is materially inconsistent with the fiiian¢ial
stateinents or oiir knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material iiiconsistencies or apparent mat¢rial misstatements, we are reqiiired to dctcnnine
Ivhetlier there is a material misstatement in the fInancial statemeiits or a material misstatemeiit of the otlier
information. If. based on the work we have performed, we conclude that there is a material misstatement of
this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In oiir opinion, based on the work undertaken in the course of the audit:
the information given in the trustees, report (incorporating the strategic report and tlie directors,
report) for tlie fii)ancial year for which the financial statements are prepared is consisteiit with the
financial stat¢inents' and
the triistees, report (incorporating the strategic report and the directors, report) have been prepared
in accordance with applicable legal requlrements.
Matters on which ive are required to report by exception
lil the light of tlic knowledge and iinderstanding of tlie groiip and parent charitable company and its
environineiit obtained in the coiirse of the aiidit, we have iiot identified material Inisstatements in the trustees.
aiinual report (including the strategic Teport).
We have nothing to report in respect of thc following matters in relation to which the Companies Act 2006
reqiiires lis to report to yoii if, in oiir opinion:
adeqiiate accoiinting records have noi been kept by the parent charitable company, or rcturns
adeqiiate for our audit have not been received from branches iiol visited by iis.
tlie parent charitable company financial statements are not in agreement with the accounting records
and returns.
certain disclosiires of triistees, remuneration specified by law are not made. or
we have not obtained all the inforniation and explanations necessary for the purposes of our audit.
Responsibilities of the trustees
As explained Inore fully in the Irustees. responsibilities statement. the trustees are responsible for tlie
preparation of the fiiiancial statements and for being satisfied that tliey give a true and fair view. and for such
internal control as tliey determine is necessary lo enable the preparation of fiiianeial statements that are free
froin inaterial Inisstatement. whether diie to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group's and parent
cliarilable coinpany's ability to continiie as a going concern. disclosing, as applicable, matters rclated to going
concerj) and using the going concern basis of accounting unless the triistees either intend to liquidate the
groiip or parent charitable company or to cease operation4 or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Oiir objectives are to obtain reasoiiable assiirance about whetlier the financial statements as a wliole are free
froin material misstatement. whether due to fraud or error. and to issue an auditor's report that iiicludes oiir
opinion. Reasonable assiirance is a Iiigh level of assurance but is not a guarantee that ali audit conducted in
accordaiice ivitli ISAS (UK) ivill alivays detect a material inisstatement when it exists. Misstateinents can
arise from fraud or error and arc considered material if, individually or iii the aggregate, tliey could reasoiiably
be expected to iiiflueiice the econolnic decisions of users taken on the basis of tliese financial statcinents.
14

WOODLANDS HOSPICE CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AfqD TRUSTEES OF
WOODLANDS HOSPICE CHAIUTABLE TRUST
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined abovc. to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregularffities,
including fraud, is detailed below.
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and
group and determined that the most significant are those that relate to fundraising rcgulations. We also
considered those laws and regulations that have a direct impact on the financial statements such as Charity
SORP incliiding FRS 102 and Companies Act 2006.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,
including fraud and non-compliance with laws and regulations. included thc following:
the engagement partner ensured the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
discussions with senior managcment.
identified laws and regulations were communicated within the audit team who remained alert to
instances of non-compliance throughout the audit.
We evaliiated management's incentives and opportunities for fraudulent manipulation of the financial
statements (including override of controls) and addressed the risk through testing ofjournal entries to identify
iiniisual transactions and assessed whether judgements and assumptions made in determining the accounting
estimates were indicative of potential bias.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed our audit
procedures which included, but were not litnited to:
discussions with management about any known or suspected instances of non-compliance with laws
and regulations, and fraud;
reviewing minutes of meetings of those charged with governance"
testing of joiirnal entries.
checking the cliarity is registered with a fundraising regulator.
analytical review to identify iinusual transactions"
reviewing for any transactions undertaken ivith related parties such as those charged with governance
andlor trustees.
checking expenses are bona fide transactions of the charity.
reviewing complaints received.
reviewing controls around cash donations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, incliiding
those leading to a material misstatement in the financial statements or non-compliance with regiilations. The
risk is also greater regarding irregularities occurring due to fraud rather than error, as fraiid involves
intentional concealment, forgery, collusion. omission or misrepresentation.
A further description of our responsibilities forthc audit of the financial statements is located oli the Financial
Reporting Council's website at: www.frc.org.uklauditorsrcsponsibilities. This description fonns part of our
auditor's report.
15

WOODLANDS HOSPICE CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF
WOODLANDS HOSPICE CHARITABLE TRUST
Use of our report
This report is made solely to the parent charitable company's members, as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audit work has been iindertakcn so that we iniglit state to the
charitable company's members those Inatters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent pern]itted by law. we do not accept or assuinc responsibility to anyone
other than the charitable company's members as a body. for oiir audit WOTk, for this report, or for the opiiiions
we have formed.
ElaAne Frances McElroy (Senior Statutory Auditor)
For aiid on behalf of Lonsdale and Marsh
Date." 26 November 2024
Cliai'tere(l Accountants
Statutoi? Auditor
509-510 Cottoii Excliange
Bixteth Street
Liverpool
L3 9LQ
16

WOODLANDS HOSPICK CHARITABLE TRUST
CONSOLIDATED STATEMEIYT OF FIP4ANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
Total
Funds
2024
Tolal
Funds
2023
Note Unrestricted Restricted
Funds
Funds
Unrestricted Restricted
Funds
Funds
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
674.056
83,114
437,707
27,048
132,875
5,674
72,530
679,730
155,644
437,707
27,048
132,875
749.514
205,822
415,556
23,626
41,520
12,782
25,601
762,296
231,423
415,556
23,626
41,520
Total income
1.354,800
78,204 1,433.004
1.436,038
38,383 1.474,421
Expenditure on:
Raising funds
Charitable activities
666,193
730.381
666,193
878,417
675.259
769,603
675,259
796,921
148,036
27,318
Total expenditure
1,396.574
148.036 1.544,610
1,444,862
27,318 1,472,180
Net gains/(losses) on
investments
14
45,901
45.901
(64,541)
(64,541)
Net
incomel(expenditure)
4,127
(69.832) (65,705)
(73.365)
11,065
(62,300)
Transfers betsveen funds
Net movement in funds
12
4,127
(69.832) (65,705)
(73.365)
11,065
(62,300)
Reconciliation of funds:
Fund balances at l April 2023
2,882,800
73,207 2.956,007
2,956,165
62,142 3,018,307
Fund balances at 31 March 2024
2,886,927
3,375 2,890.302
2,882,800
73.207 2.956,007
The Statement of Financial Activities includes all gains and losses in the year and therefore a Statement of Total
Recognised Gains and L0&5es has not been prepared
The notes on pages 22 - 40 fonn part of these consolidaled financial statements
17

WOODLANDS HOSPICE CHAIUTABLE TRUST
CONSOLIDATED SUMMARY INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2024
2024
2023
Total income
1,433.004
1,474.421
Total expenditure from income funds
1.544,610
1.472,180
(111,606)
2,241
Net gaiiisl(losses) on investments
45,901
(64,541)
Net expenditiire for the year
The siiminary income and expenditure account is derived from the statement of financial activities on page
17 which together with the notes on pages 22 10 40 provides full inforjnation on the Inovelnents during tlie
year on all fiiiids of the charity.
18

WOODLANDS HOSPICE CHARITABLE TRUST
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
Note
2024
2023
Flxed assets
Tangible assets
Investmeiits
13
14
1,559,208
911,947
2.471,155
1,687,678
847,820
2.535,498
Current assets
Stock
Debtors
Cash at bank and in hand
15
16
4,755
91,184
492.038
587,977
3,045
116,218
575,345
694,608
Creditors: amounts falling
due Ivithin one year
17
(168,830)
(274,099)
Net current assets
419,147
420,509
Total assets less current liabilities
2.890,302
2,956,007
Net assets
2 890,302
2,956 007
Funds
Unrestricted
Restricted
18
19
2.886,927
3,375
2,882,800
73.207
TotAI funds
2,890,302
2,956,007
These financial statements were approved by the board of trustecs and are signed on their behalf by:
MR B BARTLE￿ BA Ho
Triistee (Chairnian)
Dip Arch RIBA
Date: 26 Novembe
Company Registration No: O
721
The notes on pages 22 - 40 fonn part of these consolidated financial statements.
19

WOODLANDS HOSPICE CHARITABLE TRUST
CHARITABLE COMPANY BALANCE SHEET
AS AT 31 MARCH 2024
Iyote
2024
2023
Fixecl assets
Tangible assets
Investments
13
14
1.557,947
911,950
2,469,897
1,684,715
847,823
2,532,538
Current assets
Stock
Debtors
Cash at bank and in hand
15
16
2,148
138.924
394,841
535.913
409
177,323
471,433
649,165
Creditors: amounts falling
(l lie ivitliin one year
17
(134.627)
(244,295)
Net current assets
401.286
404.870
Total assets less current liabililies
2,871,183
2,937,408
Net assets
2,871.183
2,937,408
Funils
Uiircstricted
Restricted
18
19
2,867,808
3,375
2,864,201
73,207
Total funds
2,871.183
2,937.408
These financial statements were approved by the board of trustees and are signed on their belialf by:
MR B BARTLE￿ BA Ho ,
Triistee (Chairman)
ip Arch RIBA
Date: 26 November 20
Company Regislration No: 03
21
The notes on page 22-40 form part of these consolidaled financial statemenls.
20

WOODLANDS HOSPICE CHARITABLE TRUST
CONSOLIDATED CASH FLOW STATEMENT
YEAR ENDED 31 MARCH2024
2024
2023
CASH FLOWS FROM OPERATING AcfiviTIES
Net expenditure for the year (as per the SOFA)
Adjustinents for:
{Gains)/losses on investments
Fair value (gains)Ilosses on investments
Depreciation of tangible fixed assets
Bank interest receivable
Dividend income from investments
Increase/(decrease) in provisions
(Increase)Idecreas¢ in stock
(Incr¢ase)/decrcase in debtors
Increasel(de¢rease) in creditors
(65,705)
(62,300)
(9,753)
(36.148)
13).024
(11,021)
(27,048)
(48,568)
113,109
132,645
(2,323)
(23,626)
(1.710)
39,370
116,420
(514)
82,904
32,371
Net casli (used iii)/provided by operllliiig nclivilies
(97,411)
158.956
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of tangible fixed assets
Bank interest receivable
Income from other fixed asset invcslments
Purchase of investments
Proceeds from sale of investments
(2,554)
11,021
27,048
(110,295)
88,884
(7,287)
2,323
23,626
(77,901)
33,786
Nel casli (iiseil iii) invesling oclivilies
14,104
(25.453)
(DECREASE)IINCREASE IN CASH
83.307
133,503
CASH AT THE BEGINNING OF THE YEAR
S75,345
441.842
CASH AT THE END OF THE YEAR
492,038
575,345
21

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FKNANCIAL STATEMENTS
li
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Company Information
Woodlands Hospice Charitable Trust is a private company limited by guarantee, incorporated in
England and Wales. Its wholly owned subsidiary Woodlands Hospice Limited is a private company
limited by shares incorporated in England and Wales (Company no.. 03278425). Tlic registered office
of both the parent and siibsidiary company is AUH Campus, Longmoor Lane, Liverpool, L9 7LA.
Basis of Accounting
The charity is a public benefit entity as defined by FRS 102.
The financial statements have been prepared in accordance with FRS 102 "Tlie Financial Reportiiig
Standard applicable iii the UK and Repiiblic of Ireland" ("FRS 102") and the Charities SORP
"Accounting and Reporting by Charities: Stateinent of Recoinmended Practice applicable to cliarities
prepariiig their accoiints in accordance with the Financial Reporting Standard applicable ii) the UK aiid
Republic of Ireland (FRS 102)" (cffective l January 2019).
Tlie financial statements are prepared in sterling, Ivliich is the functional currency of tl)e coinpany.
Moi)etary amoiints in thcsc financial statelnents are rounded to the nearest £.
Tlie finaiicial statcments have been prepared iindcr the historlcal cost convention modified to incliide
the revaluation of finaiicial investments to their market value. The principal accounting policies
adopted are set out below.
Gi'oup FinAncial Statements
The consolidated financial statements incorporate the results of the charity and its wholly owned
subsidiary Woodlands Hospice Limited on a line-by-line basis. A separate Statemeiit of Fiiiancial
Activities, and income and expenditiire account. for the charity ilself are not presented because tlie
charity has taken advantage of tlie exemptions conferred by s408 of ihe Companies Act 2006. A
summary of the financial performance of the charity can be found in Note 24.
Going Concern
Th¢ principal risks and iincertainties have been commented on in the Trustees Report. At the tiine of
approving the financial statements, the Triistecs liave a reasonable expectatioii that tlie chai'ity lias
adeqiiate resoiirces to continue in operational existence for the foreseeable futiire. Thiis the Trustees
continiie to adopt the going concern basis of accounting in ihe preparing the financial staleinents.
Income
Income from donations, grants and legacies are recognised when the charity lias entitlemei)t to the
funds, when any perforniancc conditions attaclied to the income have been Inet and it is probable tliat
tlie income will be received and the amount can be measured reliably.
Grants which are to be iised for specific purposes. as laid down by the donor, are treated as restricted
funds. Expenditure that meets the restricted criteria is cliarged to the fund. Deferred iiicome iiiclLides
amounts received in advance of ivork to be undertaken.
22

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (continued)
Income (continued)
Grants. including those received from government agencies, are recognised at the fair value of the asset
received or recetvable when there is reasonable assurance that the giant conditions will be met and the
grants will be received. They are recognised using the performance model. A grant that specifies
performance conditions is recognised in income when the perfonnance conditions are met. Where a
grant does not specify perforniance condilions it is recognised in income when the Proceeds are
received or receivable.
Income from commercial trading operations ￿preSellts shop sales of goods, excluding value added tax.
and income from the sale of lottery tickets.
Donated goods are not recognised as incoming resources on the Statement of Financial Activities on
receipt of an item as it is impractical and not a cost effective use of resources. Instead the value of tlie
donated goods is recognised as incotne when sold.
In accordance with the SORP {FRS102). the general volunteer time is not recognised on thc Statement
of Financial Activities. Refer to the trustee's annual report for more inforniation on their contribution.
Interest Receivable
Interest on funds held on deposit is included when receivable by the charity, and the amount can be
measured reliably" this is normally iipon notification of the interest paid or payable by the bank.
Resources Expended
Resources expended are included in the Statement of Financial Activities on an accruals basis,
inclusive of any VAT that is not recoverable.
The cost of functions which support more than one of the charity's activities have been allocated to
thosc activities to give a full cost of an activity. Management salaries, payroll costs and legal fees have
been allocated to activities based on the size of the expense incurred, as this is in line with time spent.
Depreciation has been allocatcd to the activities for which the depreciated assets are used.
Fund Accounting
Funds held by the charity are either:
Unrestricted general funds- these are funds which can be used in accordance with the charitable
objects at the discretion of the trustees.
Designated funds- these are funds set aside out of unrestricted general funds for specific purposes.
Restricted fiinds - these are funds that can only be used for particular rcstricted purposes witliiii
the objects of the charity. Restrictions arise when specified by the donor or when the funds are
raised for a particular reslricted purpose.
23

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
I. ACCOUNTING POLICIES (continued)
Tangible Fixed Assets and Depreciation
Tangible fixcd assets are held at cosl or valuation less depreciation. The costs of minor additions, being
those below £250. are not capitalised.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual valiie, over
the useful economic life of that asset as folloivs:
Compiiter equipment
Fixturcs and fittings
Fiirnitiire and equipinent
Leasehold biiildings
330/0 Straight line
25 % straight line
250/0 Straight line
Over thc remaining lease temi
Stock
Stock coinprises boiight in goods for resale and is stated at thc lower of cost or net realisable valiie.
For donated goods see the accoiinting policy on incoine.
Financial Instruments
The coinpany has financial assets and financial liabilities of a kind that qualify as basic financial
instriiineiits. Basic financial instriiments are initially recognised al the ainount receivable or payable.
Invcstinents are lield at fair valiie.
Investments
Listed investments are Iield at fair value, which is the market valiie as at the balance sheet date with
any realised or unrealised gains or losses bciiig recognised within the Stateinent of Financial Activities.
Tlic iiivestmeiit in the subsidiary company, Woodlaiids Hospice Limited, is Iield at cost withiii the
company balance shcet.
Debtor
Debtors are basic financial assets and are recognised at the settlement amount due. Prepayments are
valiied at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in liand and deposits held with
banks. It also includes cash held ivith the investment portfolio in order to Ineet short temi casli
commilments siich as the purchase of shares as they fall due.
Leases
Rentals payable linder operating leases are charged against incolne on a slraight line basis over the
period of tlie lease.
24

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES (conlinued)
Pension Costs
Tlie compaiiy pays into Iliree separate sclieines=
Oli l April ?021, 1l)e clinical aiid medical staff i￿.Cre TUPED to Liverpool University Hospital
Foiiiidatioii Trust (LUHFT) ai)d tlie cliariti. no loiigjer contribiiles to tlie NHS Superc2niiiiatioii Scheiiie
for certcliii foriiier NHS eiiiplo%'ees. The sclietne is iiiifiinded aiid the charitN' has no fiirtlier liabilitj.
be￿.0nd tlie paTrmeiits made during the prior N'ear. The scheme is ilierefore accoiiiited for as a defined
coiitribLltioii peiision SLlieine i¥"iih the costs eqiicll to ilie coiitributioiis made for the accoiiiiling period.
Thc charity also Lonlribiites to a separate defined conlribution peiision sclieme for lion NHS employees
and the contribiition is disLlosed in Nole I l. The assets of tlie sclienie are held in ali indepeiidenily
adiiiinistered fliiid. The compan). also contribiites to the governmeiit's NEST pension schenie for fi.xed
teriii Ivorkers, %N"liicli is also a detiiied coiilribiition scheme.
The cost of the cmploy¢T pension conlribiitions to the NHS Superaiinuation and otlier scheme is
charged to Ihe Staleinenl of Financial Activities. The pension costs have beeii allocated according io
the c1ctivi￿. Ihe eiiiplo)iee undertakes. The costs of ihe aLtivilies are allocated betiveen restricted or
unrestricted aLcording to hol￿ the tiindiiig for tlie activity is received.
Employee costs
The costs of short-tern) eMpIo￿.ee beiietils are recognised as a liability and an expense.
Where material, tlie cost of an%. unused holiday entitlemei)t is recognised in tlie period in ivhich tlie
emploj'ee s serviLes are received.
Wliere Tnaterial: temiiiiation benefjts are recognised immediately as an expeiise iwhen tlie company is
demonstrabl), commilted to tenninate the emplo)ment of ali emplovee or to provide tennination
benefits.
Judgements and key sources of estimatAon uncertainty
In the application of the charity s accounting policies. the trustees are required to niake jlidgeineiits,
estimates and assiiinptioiis about the canying ainount of assets and liabilities that are not readily
apparent froin other SOLirces. The estiiiiates aiid associated assuiiiptioiis are based on historical
e.xperience and oilier factors that are considered to be relevant. Actual resulis may differ froiii these
estiiiiates.
The estimates and iinderlj'ing assiiinptions are revieived on an ongoing basis. Revisioiis lo acLoiinting
eslimates are recogiiised in the period in ii.-hich the estimate is revised ii,here the revisioii affects only
tliat period, or in the period of the revision and fulure periods ivhere ilie revision affects botli CLIITeiit
aiid fiitiire periods.

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATF.D FINANCIAL STATEMENTS
YEAR ENDED JI MARCH 2024
INCO￿lE FROM DONATIONS. LEGACIES AND GRANTS
Unrestricted
Funds
Restricted
funds
Total
Fun(Is
2024
Doiiatioiis, eveiits. and grants
Legiacies
i74,803
99.253
674,Oi6
5,674
580,477
99,?53
679,730
Unrestricted
Funds
Restricted
funds
Total
Fun(Is
2023
Doiiatioiis, events, aiid grants
Legacies
494.544
254,970
749,i14
12.782
i07,396
?54,970
761,296
12,782
INCOME FROITrl CHARITABLE ACTIVITIFS
Unrestricled
Funds
Restrietcd
funds
Funds
2024
Faiiiily siipport services
EdiiLatioii/iraiiiiiig
Hospice UK &?raiit
Tesco grant
Calering aiid hoiisekeeping services rechcirged
1,500
81,614
83,114
1.500
81,614
155,644
72,530
Unrestricted
Funds
Restricted
Funds
Funds
2023
Family siipport services
Education/training
Hospice UK grant
Natioiial Lotter), grant
Catering and housekeeping services recharged
25,601
25,601
3,760
12? 062
i 0.000
70,000
231,423
3,760
12?,062
10,000
70,000
20i.822
25,601

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
INCOME FROM OTHER TRADING ACTIVITIES
2024
2023
Lottery
Charity shops
157,473
280,234
159,613
255,943
437,707
415,556
INVESTMENT llYCOME
2024
2023
Dividends received
27.048
23,626
OTHER INCOME
2024
2023
Catering services
Siindry income
Bank interest receivable
40,692
81.162
11,021
37,927
1,270
2,323
132,875
41,520
27

WOODLANDS HOSPICE CHARITABLE TRUST
li
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
EXPENDITURE ON RAISING FUNDS
Direct Cost
of Activity
Support
Costs
Total Costs
AetlVAty
2024
Fundraising and publicity:
Appeals costs
Fundraising salaries
Investinent management fee
64,929
177,987
6,866
249,782
23,886
44,732
88,815
222,719
6,866
318,400
68,618
Commercial trading operations:
Lottery expenditiire
Charity shops expenditiire
90,256
199,593
289,849
18.079
39,865
57,944
108,335
239,458
347,793
539.631
126,562
666,193
Direct Cost
of Activity
Support
Costs
Total Cosfs
Activity
2023
Fun(Iraising and publicity:
Appeals costs
Fiindraising salaries
liivestineiit inanagement fee
56,928
143,943
6,884
207,755
31,613
68,276
88,541
212,219
6,884
307,644
99,889
Commei'cial trading operations:
Lottery expenditure
Cliarity sliops expenditure
99,231
165,520
264,751
37.871
64,993
102,864
137,102
230,513
367,615
472.506
202,753
675,259
Expenditiire on raising funds was £666.193 (2023: £675.259) of which all ivas unrestricted.
28

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
EXPENDITURE ON CHARITABLE ACTIVITIES
DRrect Cost
of aclivity
Support Costs
Total Costs
2024
Charitable activity:
In-patient bedded iinit
Faini ly support services
Catering services
319,117
23 5,460
70.133
175,204
61,339
17,164
494,321
296.799
87,297
624.710
253 707
878,417
Direct Cost of
activity
Support Costs
Total Costs
2023
Charitable activity:
In-patient bedded unit
Family siipport services
Catering services
254.183
187.629
37.176
211,792
88.588
17,553
465,975
276,217
54,729
478,988
317,933
796,921
Expenditure on charitable activities was £878,416 (2023: £796.921) of which £730,380 (2023:
£769,603) was unrestricted. and £148.036 (2023: £27,318) was restricted.
29

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEèlR ENDED 31 MARCH 2024
ANALYSIS OF GOVERNANCE AND SUPPORT COSTS
General Support
Governance
Function
Total Costs
2024
Depreciation
Managemcnt salaries
ALidit fees
Payroll & other costs
Insiirance & legal fees
131,024
208.514
131,024
208,514
9,250
5,360
26,121
9,250
5.360
26.121
371,019
380,269
General Support
Governance
Funclion
Total Costs
2023
Depreciation
Management salaries
Aiidit fees
Payroll & other costs
Insiirance & legal fees
132,646
312.693
132,646
312,693
9,050
37,493
28,802
9,050
37,493
28,802
511,634
9,050
520,684
10. TAXATION
Corporation Tax has not been chargeable to the group or company for the year lo 31 Sl March 2024. The
trading subsidiary has tax losses carried forward of £7,944 (2023: £10,166).
30

WOODLANDS HOSPItCE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMEIYTS
YEAR ENDED 31 MARCH 2024
11. EMPLOYEE COSTS
The aggregate payroll cosls were:
2024
2023
Wages and salaries
Social security costs
Defined contribution scheme
843.510
71,515
55,517
970,542
784.540
66,011
50,056
900.607
Particulars of employe&s:
2024
Iso
2023
The average number of staff employed by the charity and the group
during the financial year:
Number of charitable service staff
Number of administrative staff
Number of fundraising staff
21
21
10
40
40
Numbers of employees who received remuneration in excess of £60,000 per annum are listed below:
GROUP
COMPANY
2024
2023
2024
2023
£60,000 - £69,999
£70,000 - £79,999
Neither the trustees nor any other person connected with them have received any remuneration during
the year.
The trustees were not reimbiirsed for expenses during the year (2023: £Nil).
The key management personnel of the group comprise the trustees, cliief executive officer and scnior
management. The total amoiint of employee benefits received by the key management personnel of the
group were £143,498 (2023: £141,618).

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN TOTAL FUNDS FOR THE YEAR
This is stated after charging:
2024
2023
Depreciation
131.024
132,646
Fees payable to the charity's auditors for".
the aiidit of the charity's anniial accounts
tlie aiidit of th¢ charity's siibsidiary
other accountiiig services
5.350
3.000
1.250
9,600
5,100
2,700
1,250
9.050
32

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
13. TANGIBLE FIXED ASSETS
GROUP:
Fixtures.
Vittings &
Computers
Short
Leasehold
Buildings
Furniture
Motor
Vehicles
Equipment
Total
COST
At l April 2023
Additions
Disposals
347,897
3,500
3,305,699
468,520
4,125,616
2,554
2,554
(231,333) {301,458}
(70,125)
At 31 March 2024
277,772
3,iOO
3.305,699
239,741
3,826,712
DEPRECIATION
At l April 2023
Charge for the year
Eliminated on
Disposals
At 3 l March 2024
330,768
8,045
(70,125)
3,208
291
1,661,439
110,500
442,523
2,437,938
12,188
131,024
(231,333) (301,458)
268,688
3,499
1,771,939
223,378
2,267,504
NET BOOK VALUE
At 31 March 2024
9,084
1,533,760
16,363
1,559,208
At 31 March 2023
17,129
292
1,644,260
25,997
1,687.678
COMPANY:
Fixtures,
Fittings &
Computers
Short
Leasehold
Buildings
Furniture
Equipment
Total
COST
At l April 2023
Additions
Disposals
333,316
3,284,586
468,520
2,554
(231,333)
4,086,422
2,554
(301,458)
(70,125)
At 31 March 2024
263,191
3,284,586
239,741
3787518
DEPRECIATION
At l April 2023
Charge for tlie year
Eliininated on
Disposals
At 31 March 2024
317,473
7,611
(70,125)
1,641,711
109.523
442,523
12,188
(231,333)
2,401,707
129,322
(301,458)
254.959
1,751,234
223,378
2,229,571
NET BOOK VALUE
At 31 MaTch 2024
8,232
1,533,352
16,363
1,557,947
At 31 March 2023
15,843
1,642,875
25,997
1,684,715
33

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
14. INVESTMENTS
GROUP:
Listed investment portfolio:
2024
2023
Market value as at l April 2023
Additioiis at cost
Disposal proceeds at market value
843,500
110,295
(88,884)
863,926
77,901
(33,786)
Net gainl(loss) in market value
Realis¢d
Unrealised
9,753
36,148
48,568
113,109)
45,901
910,812
1.135
911,947
64,541
843,500
4,320
847,820
Market valiie as at 31 March 2024
Cash held in portfolio
Tlie historical cost of the investments as at 31 March 2024 ivas £826,731 (2023.. £798,651).
COMPANY:
2024
2023
Portfolio as above
Iiivestineilt in siibsidiary company
911,947
847.820
911,950
847,823
Tli¢ cliarity has an investment of £3 in its ivholly oivned subsidiary Woodlands Hospice Limited
(WHL), Ivhich is incorporated in England & Wales (Company No." 03278425).
WHL operates cliarity shops and the l)ospice lottery to help support ils pareiit coii)pany. Diiriiig tlie
year, WHL transferred £144,000 (2023: £134,000) under the lenns of a profjt sheddiiig agreemenl.
The summary financial position and perfonnance of the subsidiary alone is:
2024
2023
Turnover
E.xpenditure
Bank interest received
Profit after covenant
Gross assets
Liabilities
Net assets
437,707
438,550
1,363
520
122.850
103,724
19,126
415,556
415,738
493
311
129,082
110,476
18,606
34

WOODLAIWS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
15. STOCK
GROUP
2024
COMPIINY
2024
2023
2023
Goods bought for resale
4.755
3,045
2,148
409
16. DEBTORS
GROUP
2024
COIVIPANY
2024
2023
2023
Trade debtors
Prepayments
Other debtors
Amount owed by siibsidiary
6,279
30.843
54,062
5,279
23.226
40.894
69,525
32.340
83.878
24,940
71,714
80,669
91.184
116.218
138,924
177.323
17. CREDITORS: Amounts falling due within one year
GROUP
2024
COMPANY
2024
2023
2023
Trade creditors
Accriials
Deferred income
Taxation and social security
Other creditors
Amounts owed to subsidiary
34.309
57,549
17.183
29,331
30,458
39.344
70,171
19,127
22,402
123,055
25.638
49,197
36,447
62,388
29,331
30.458
22,402
123,055
168,830
274,099
134,627
244 295
Deferred income
GROUP
2024
CorV￿ANy
2024
2023
2023
Balance brought forward
Release of deferred income
19.127
(1.944)
16.301
2,826
Balance carried forward
17.183
19.127
Deferred income relates to the lottery mcmbership siibscriptions within the trading company.
35

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMEIYTS
YEAR ENDED 31 MARCH 2024
18. UNRESTRICTED FUNDS
GROUP
2024
COMPANY
2024
Balance at l April 2023
liicoming resources
Resourccs expended
Gains on investinents
2,882,800
1,354,800
(1,396,574)
45.901
2,864,201
1,059,730
(1,102,024)
45,901
Balance at 31 March 2024
2,886,927
2,867,808
GROUP
2023
COMPANY
2023
Balance at l April 2022
Incomiiig resoiirces
ResoLirces expeiided
Losses on inveslineiits
2,956.165
1,436.038
(1,444,862)
(64.541)
2,937,877
1,153,989
(1,163,124)
(64,541)
Balance at 31 March 2023
2 882,800
2 864,201
36

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
19. RESTRICTED FUNDS
GROUP AND COMPANY:
Balance
asatl
April
2023
Transfer
(to) I from
unreslricted
fund
BAlan¢e
asat31
March
2024
Incoming
Resources
Resources
Expended
Family siipport services
Equipment fuiid- donations
Eqiiipment fund - grants
The National Lottery
Other restricted funds
72.530
5,674
(72,530)
(11,625)
{17.514)
(10,000)
(36.367)
9.326
17.514
10.000
36,367
3,375
73.207
78.204
(148.036)
3,375
Balance
asatl
April
2022
Transfer
(to) I from
unrestricted
fund
Balance
asat31
March
2023
Incoming
Resources
Resourees
Expended
Family siipport services
Equipment flind- donations
Equipment fund - grants
The National Lottery
Other restricted funds
25,601
2,782
(25,601)
{1.717)
8,261
17.514
9,326
17,514
10,000
36,367
i 0.000
36.367
62,142
38,383
(27,318)
73,207
37

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
19. RESTRICTED FUNDS (coiiliiiued)
Family Support Services
Grant received from Soiith Sefton CCG to contribute to the cost of family siipport scrvices for Soiith Sefton
residents.
Equipment Funds
Tliis iiicludes grants from varioiis Charitable Triists and also donations from individuals for specific items of
eqiiipment and fiirnitiire to be used either for thc benefit of patieiits or staff. Wliere fiinds are expeiided on
capital iteins tlie flind is appropriately reduced by a transfer equivalent to ilie capital cost.
Other restricted funds
Thesc broLight forivard fuiids include monies froin Merseyside and Cliesliire Caiicer Netivork (MCCN),
hosted on belialf of the Aiiitree Int¢grated CancerNetwork (ICN), monies from Multi Professioiial Ediication
and Traiiiing levy (MPET) and inonies received by Soiitli Sefton CCG to develop and deliver various trainiiig,
events and awareness. Monies are released as costs are incurred.
20. ANALYSIS OF NET ASSETS (behveen restricted and unrestricted funcls)
Tangible
rixed assets
Other
net Assets
Investments
Total 2024
Restricted Fiinds
Unrestricled Fiinds
3,375
415.772
3.375
2.886,927
1.559,208
911,947
1.559,208
911,947
419.147
2.890,302
Tangible
rixed assels
Otlier
net assets
Investments
Total 2023
Restricted Funds
Unrestricted Funds
73,207
347,302
73,207
2,882,800
1.687.678
847,820
1.687,678
847,820
420,509
2,956,007
38

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR EIYDED 31 MARCH 2024
21. COMllllTMENTS UNDER OPERATING LEASES
At 31, March 2024 the group and company had future minimum payments under non-cancellable
operating leases as follows:
GROUP:
2024
2023
In one year or less
In more than one year, but not more than 5 years
53,537
114,982
168,519
46,935
122.875
COMPANY:
2024
2023
In one year or less
In more tlian one year, but not more than 5 years
10,280
28.701
38,981
13,935
14,641
28,576
22. RELATED PARTY TRANSACTIONS
There are no related party transactions in the current OT prior year that require disclosure.
23. GUARANTEE
The charitable company is limited by guarantee and has no share capital. The members, liability is
restricted to £ l in accordanc¢ with the Memorandum and Articlcs of Association.
39

WOODLANDS HOSPICE CHARITABLE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
24. RESULTS OF THE COMPANY
The consolidated statement of financial activities includes the results of the charity's wholly owned
siibsidiary, Woodlands Hospice Lijnited. which operates tlie hospice lottery and charity sliops.
The siimmary financial perforniance of the charity alone is:
Total
Funds
2024
Total
Funds
2023
Income from:
Donations and Icgacies
Payments from subsidiaries
Grants receivable
Intcrest receivable
Iiivestment income
Other income
679,730
144,000
155,644
9,658
27,048
121,854
762,296
134,000
161,423
,831
23,626
109,196
Total Income
1.137,934
1,192,372
Expenditure on:
Raising fiinds
Charitabl¢ activities
376.344
873,716
396,246
794,196
Total Expenditure
1,250 060
1.190 442
Net gains on investments
45.901
{64,541)
Net movement in funds
(66,225)
(62,611)
Reconciliation of funds:
Total funds brought forward
2,937,408
3,000,019
Total funds carried forward
2.871,183
2,937,408
Representeil by:
Restricted fiinds
Unrestricted fiinds
3,375
2,867,808
73,207
2,864,201
2.871,183
2,937,408
40