St Peter & St James Hospice
UospiGo• irt 4ko• &s
St Peter & St James Charitable Trust
Annual Report and Consolidated Financial Statements
Yearended 31 March 2024
Charity number 1056114
Company number 3204919

Contents
Introductionfrom the Chief Executive and Choir.................................................................................
Overview of Services.....................................................
Financial Challenges.
Commitment to Quality................................................................................................................................
Looking Ahead.....................................................
Acknowledgements.........................................................................................................
Our Mission.................. . . . ...... ..
Our Values................................................................................................................... .
OurStrategy..................................................-........-..........................................................................
Overview of Services..................................... ... ... ......-.....................................................................
2023-2024 Achievements................................................
Inpatient Unit..............................................................................................................................................
Community Services.......................................... ..........................................................................................
Supportive Care Services........................................................................................................
Quality and Safety...... .
Clinical Audit...................................
Patientsafety Indicotors...................................................................................................................10
Medicines Management............................................................................................................................. 10
Falls.
.11
Pressure Ulcers .
.11
Infertion Prevention & Control (IPC)........
.12
Safeguarding...........................................
.13
Feedback.......................................................................
.13
Examples of feedback from The Experience of Care QL•estionnaire..............................................................13
Exarnples of feedback from The Voices Questionnaire Voices:.....................................................................14
Complaints
.14
Research.................................................................................................................................................... 14
Medical Revalidation.......
.14
Quality Improvement Priorities (QIP5)...............................................................................................15

QIPsfor2024-2025........................................................................................................ . .
..16
Define our Models of Care.....................
.16
Electronic Prescribing.........................
.16
Non-medical Prescribing.
.17
Data Quality. Analysis and Application .
.18
Structure. Governance ond Monagement........................................................... . ............................19
Our People... ....................................................................................................................................20
Trustees................................
.20
Executive Team......................................
.20
OURFINANCIAL PERFORMANCE2023/24..........................................................................................21
Statement of Trustees, Responsibilities..............................
..24
Independent Auditorfs Report To The Member5 Of St Peter & St James Charitable Trust..................
Statement of Financial Activities fincorporoting an income and expenditure occountj for the year ended
31 March 2024.............................................. ......................................... .........................................29
..25
Bolance Sheets os at31 March 2024.......................................................... .
..30
Consolidated Cosh Flowstotementas at31 March 2024...................................................... .. ..........32
Principal Accounting Policies ......
..33
Supporting Notes to Financialstatements.......... ..............................................................................37

Introduction from the Chief Executive and Chair
St Peter & St James Hospice provides specialist palliative and end-of-life care to our community. Our mission is
to support patients and their families through some of the most challenging times of their lives, with dignity,
comfort, and compassion. This report reflects our ongoing commitment to excellence in care, transparency in
ouroperations, and continuous quality improvement.
Overview of Servlces
St Peter & St James H05pice offers a range of services including inpatient care, community support and
bereavement services. Our multidisciplinary team works tirelessly to tailor care to individual needs, providing
not only medical and nur5ingcare but also emotional, psychological, and spiritual support.
Financial Challenges
Hospices across the UK, including ours, face significant financial challenges. Unlike NHS services, hospices rely
heavily on charitable donations, fundraising efforts, and community support to cover most of our operating
costs. The precarious financial position in which we find ourselves- along with many other hospices across the
country - is exacerbated by the increasing demand for hospice services, coupled with rising operational costs
and the economic uncertainties that impact fundraising activities.
In the past year, we witnessed a shortfall in our funding, which has put immense pressure on our resources.
Despite these challenges, our commitment to quality and patient-centred care remains unwavering and we
continually strive to deliver care to the highest standards.
Commitment to Quality
This report highlights the achievements of the past year, the challenges we faced, and our plans for the next
financial year. Key areas of focus include..
Clinical Effectiveness
Continuous evaluation and improvement of our practice to ensure the highest standards ofcare.
Patient Experience
Listeningto our patients and theirfamilies to understand their needs and improve experience.
Patient Safety
Enhancing protocols to ensure the safety and well-beingofour patients.
Looking Ahead
We are actively seeking new funding opportunities, engaging with our community, and advocating for greater
governmental support to ensure the sustainability of our services. It is through the collective efforts of our staff,
volunteers, supporters, and the community thatwe can continue to provide essential care to those in need.
We are working with other hospices in our local area to ensure we capitalise on opportunitie5 to maximise
efficiencies, generate cost savings, and make the case to the NHS for fair funding, commensurate with the
services we provide.

Acknowledgements
We extend our heartfelt gratitude to our staff, volunteer5, and supporters. Their dedication and generosity are
the cornerstones of our hospice. Together, we can navigate these financial challenge5 and strive to deliver the
highest quality of care.
Dr Martin Powell
Harrietcreamer
Chief Executive
Chair

Our Mission
St Peter&StJames Hospice providesexpertcareto adults livingwith a life-limiting illness in ourcommunity. Our
support extends to friends and families too. Our community includes Burgess Hill, Haywards Heath, Lewes,
Uckfield and everywhere in between.
We support people to live and die well, according to what matters most to them. Our mission is to provide the
best Possible care, in the right place, at the right time, to everyone who needs us. Our workforce is committed to
excellence i n all they do.
Ourvalues
Ourvalues are at the heart ofour organisation and define who we are, how we work, and whatwe believe in and
stand for..
Compassion
We show everyone empathy, kindness, and respect.
Integrity
We do the rightthing, no matter how challenging.
Accountability
We take responsibility for our actions and outcomes.
Excellence
We strive to be outstanding and aim to exceed expectations.
Inclusivity
We welcome and respect everyone.
Our Strategy
People affected by life-limiting illness are central to ourcause, and ourstrategy is designed to ensure they receive
the best possible care, in the right place, at the right time. To achieve this, we need a skilled workforce which is
committed to excellence and prepared to deliver care and support to everyone who needs us.
We have adopted a culture ofcontinuous improvement, striving for excellence and will remain agile, professional
and responsive. We cannot do this without financial Stability, clear operating models and effective collaboration
with all our stakeholders.
While we focus on our impact in the local community, we must also face the crisis of climate change. As an
organisation we have a duty to do what we can to reduce our impact on the environment, therefore we have a
goal of net zero emissions by 2030.
Our strategic goals for 2022 - 2025 are:
Flnanclal
stability
Excellert
care and
SLtpport
Target Net
Zero
Emissions
skllted
workforce
Community
recognitlan

Overview of Services
2023-2024 Achievements
The clinicalteams worked hard to expand our reach, and this led to a significant rise in the supportwe provided
to patients and carers during the last year. We have improved the support we give to carers by engaging with
external stakeholders and creating a Carers Coordinator role, resulting in more people using our Living Well
Centre.
Overthe lastyear, we focused on optimisingour in-patient resources, creating a specific'turn-around, bed, which
reduced the time it took to admit patients, and we experienced a 280h increase in the number of occupied bed
days. By changing how we work in the community team, we were able to meet the growing demand for palliative
care in our local area, ensuring that more people who need our support receive it.
2022 - 2023
2023- 2024
Increase
New Patient Referrals
Total Patients Supported
Non-patients Supported
Occupied Bed Days
Bereavement Clients
688
747
90/0
864
912
174
233
340hi
1955
2501
28%
97
114
18%
Community Patients
Preferred Place of Death Recorded
693
858
24%
636
642
Inpatient Unit
Thisyear, we cared for 161 patients with complex specialist palliative care needs on our Inpatient Unit IIPU). We
hired more Registered Nurses as our activity and occupancy rate increased to 850/0, compared to 67% last year.
Our average stay length also increased from 11.2 to 14.9 days.
Community Services
We support patients in community settings (including care homes), with 676 referrals this year. Our therapies
service, which works with the IPU and Community, has seen 215 referrals, more than double the number from
last year. The overall data indicates a consistent increase in the reach of our hospice clinical services over the
lasttwo years, reflectingthe work we have done to reform and re-establish our provision after a period of change.
Supportive Care Services
Supportive Care Services have expanded, demonstrated in the table below which shows the increase in referral
rates this year. We offer our counselling service to patients, carers and the bereaved, and from November 2023,
we extended the service to children who are affected by the diagnosis, death, and bereavement of any of our
patients. We have more group sessions atthe Livingwell Centre, which help patients in various ways such as peer
support, self-care, meaningful activity, and education. We also offer individual sessions, which include
Life Stories and Songwriting.
Our Carers Support service is reaching more people in the community and all its services are growing. There are
currently three services within Carers Support, and we are planning to add two more activities soon, a Saturday
crafting session and a gardening group,to help the carers in ourcommunity.

Our Welfare Advisor helps with various practical issues such as finance, housing, assistive devices, and transport.
They also offer after-death support such as funeral arrangements.
Our Complementary Therapy service provides additional symptom relief. The Complementary Therapist Co-
Ordinatorjoined us in May 2023 and has fourvolunteers who offer massage, aromatherapy, reiki, and reflexology.
Two more volunteers, includingan acupuncturist, willjoin the team soon.
Team
2022-20
2023-20
Increa
C•un5•11ing
Llvlngwell Centre
Careys Support
Welfaresupport
Cgmpl•rywbtsryT.hei•py.:
154
266
73%
58
120
107%
69
2200 %
259
287
io
85
750%
Quality and Safety
We regularly review our processes to make sure all aspects of governance are strong and efficient. Our Quality
and Safety Committee has an experienced Trustee a5 its Chair and plays a key role in assuring the Board of the
quality and performa nce of our cli nical services.
This year, we conducted a major review of our clinical governance structure to make sure that our clinical
services follow safe, effective, and evidence-based practice.
We revised our Clinical Risk and Effectiveness Group ICREGI to oversee our patient outcomes, clinical risks,
programme of Clinical Audit, Research, and Quality Improvement Priorities IQIPS). The Quality and Safety
Committee has analysed our safety data and narrative in detail, and annual clinical governance reports also
provide a comprehensive assurance process of safe and effective care.

Clinical Audit
The hospice has revitalised our programme of clinical and assurance audits which are overseen by the CREG as
summarised below:
Completed Assurance
Audit
Overall
Compliance
Compliant
Date
Improvement Actions
Safeguarding
October 2023
Review the Designated Safeguarding Officer
Role
Falls Risk Assessments
81%
November 2023
Introduce Falls Policy and further develop
falls training. Introduce baseline lying and
standing blood pressure monitoring.
Introduce guidance on documentation of
falls risk assessment and post-fall clinical
review.
Controlled Drugs ICDI
Audit
97.4%
November 2023
Introduce procurement SOP
Non-CD Audit
93%
February2024
standard operating procedures developed;
prescription chart audit introduced.
Add itional training i ntroduced and rolled
out to raise awareness and engagement.
Integrated Palliative Care
Outcome Scale liPOSI
Audit
Variable
February 2024
Controlled Drugs
Accountable Officer
ICDAO) Audit
Prescription charts audit
loo%
February 2024
Continue to be vigilant and monitor any
legislative changes.
60%
March 2024
Record weight, create a list of agreed
abbreviation5 and add tothe SOP. Create list
of names and signatures for prescribers.
Posters displayed and additional training
provided.
Action progress monitored via the monthly
IPC working group.
Hand hygiene audit
95%
March 2024
Annual Infection control
Audit
92%
July 2023

Patient Safety Indicator5
Seniorclinicians examine all clinical incidents and reportthem to our Quality and Safety Committee.
Medicines Management
The Medication Management Safety and Quality Group includes members of stafffrom all disciplines across our
clinical services and its Terms of Reference ITORI are updated every year. As part of our focus on patient safety,
we introduced Medication Safety Officer IMSOI and Medical Devices Safety Officer IMDSOI roles. The
Controlled Drugs Accountable Officer ICDAO} reports benchmarking data to Hospice UK and the chart below
shows the number of reported incidents compared to hospices with similar bed capacity:
Benchmarked Me(lication Related Incidents
10.5
10.5
10.9
Ill
oi
Q2
Q3
04
Mpflirinp Incidpnts
HUK BonrhrnJrk
io

Falls
We monitor all falls in our clinical services. The table below show5 the falls that were reported compared to the
HUK benchmark for reporting year 2023124:
Benchmarked Falls
oi
Q3
Q4
Falls
HUK Benchmark
The Rehabilitation Lead has delivered dynamic risk assessment training to 80 % of staff who work with patient5,
which has increased theirconfidence, especiallythose newto Specialist Palliative Care. The remaining 20% will
attend the sessions arranged in the early part of the new financial year. The dynamic risk assessment principles
in specialist palliative care, where patient needs change quickly, supporta safety culture and practicethat enable
staff to quickly spot, assess and act on risks in a changing environment.
Staff are trai ned by ou r Rehabi litation Lead i n the Rehabi litative Palliative Care (RPCI approach to help patients
reach their mobility goals, while managing risk.
Pressure Ulcers
We reportand analyseallpressure ulcersatourweekly incidentmeeting. In thisyear,the h05picehastakenthese
actions to lowerthe frequency and improve the management of pressure ulcers:
Reinforced the role of the Wound Link Nurse on the IPU.
Arranged additional training from the Tissue Viability Nurse ITVNI on pressure and moisture damage,
with examples of suitable dressings and best practice care plans to be included in the training packages.
Wound Link Nurse providing frequent training sessions to ensure all staff on the IPU have attended at
least one session.
11

Infection Prevention & Control (IPC)
The hospice undertakes internal IPC monthly audits with an annual, externally commissioned auditto provide a
fair, independent assessment of the IPC standards across all areas of the hospice.
CleaiiillLJ Service
lursiiig
Estates
Overall Scor'e
Mar-24
loo,
loo/
Feb-24
loo%
loo/
Jan-24
loo%
Dec-23
loo%
Nov-23
iooy.
Oct-23
loo/
Sei)-23
loo%
loo/
ALig-23
loo%
IOO/ts
Jul-23
loo%
IOOYJ
Jun-23
IOOYO
iooy.
May-23
IGOYO
loo/
Apr-23
98%
IDOD/,
Graph (above) illustrates tlie compliance in terms of cleaning standords ocross the h05pice for Ql-Q4 2023/24
Additionally, we conduct monthly hand hygiene audits and identified areas for improvement regarding the World
Health Organisation's IWHOI 5 momentsofhand hygiene, includingthecorrectuseofhand geland safelydealing
with bodily fluids. The IPC link nurse on the IPU provides feedback and guidance to staff to support learning,
development, and safe practice.
Hand Hygience Compliance
loo%
14
'Jo%
iou
951b'
i?
800/0
70
-.ID
io
60Q/o
50
4t)Vtr
20
In
0%
llllllMIH
Ai)r-?3 M,iy-2.-5 IiJii-:3 lul.23 Alig2,) Sep-?3 Oct-23 Nov-23 Do.c-."J l<in-?4 F(..b-
Graph (obove) demonstrotes compliance on monthly basi5 versus stoff numbers involved in the audit, Ql-Q4 23/24
12

Safeguarding
We increased awareness of safeguarding amongourclinical and non-clinical staff and volunteers throughout the
hospice's operations. Safeguarding concerns are reported properly and discussed both informally with the
safeguarding Lead or Team Leads and formally at MDTS and incident report meetings. Safeguarding Incidents
are referred to Adult Social Care (ASCI when necessary. There were 34 concerns raised in the last year from the
multi professional team. 21 of these were referred to ASC, none of which were related to our care.
Designated Safeguarding Officer (DSOI meetings are held monthly, and the membership is representative ofeach
department across the organisation. Level 3 Safeguarding training is undertaken by all members of the
counselling team who support children and all DSO representatives.
Processes are in place throughout the Hospice to ensure all Safeguarding cases are handled in accordance with
best practice and the Safeguarding Lead strives to enhance efficiency and ensure Safeguarding is central to all
our services, so patients and those close to them are kept as free from harm as possible.
Feedback
St Peter and St James welcomes comments on our services from patients, family and carers, to enhance our
services. We provide our Experience of Care questionnaire to all IPU patients on their second day of admission
and send it quarterly to our entire community patient cohort. The Voices questionnaire is sent to the bereaved
12 weeks after a patient's death.
In the year 2023-2024, 1,242 Experience of Care Questionnaires were dispatched and 270 were received. a
response rate of 22 %. The Voices questionnaire was dispatched to 279 family members or carers and 82
completed questionnaires were received, a response rate of 290/0.
Overall, feedback from both questionnaires is very positive. Most respondents strongly agree that they would
recommend St Peter & St James Hospice and felt that they were treated with dignity and respect. Although
response rates are relatively low, they are comparable with other providers offering hospice services.
Examples of feedback from The Experience of Care Questionnaire
There is absolutely nothing to compare for the quality of care afforded to each and every
individual who comprises this team of exemplary professionals. I worked for over 37 years in the
NHS and would be honoured to have been part of this establishment. Natural, friendly, human,
knowledgeable, nothing but nothing is too much trouble, humour++. I could go on eulogising
about this place, team of superb staff, volunteers, great food etc.- and no it's not the medication
talking- it's heartfelt yet plain to see
have received care in the forms of pain management, coun5elling and physiotherapy. In each
case the care has been excellent. Both the physio and counselling were offered to me at the
suggestion of staff. I was most impressed and grateful
13

Examples of feedback from The Voices Questionnaire Voices:
Your help and care in the last 3 weeks of my
husband's life meant that I could support
him to be at horne. Thank you so much for
looking after my dear husband
Yourteam at the hospice was excellent from
day I to the last day of her Ilfe
Complaints
We receive feedback from those who use our services in other ways too, such as via our website, email, verbally
and via feedback forms available throughout the building. Concerns are dealt with immediately and resolved to
the satisfaction of the person raising it in a timely fashion. Any themes and patterns are identified and monitored
so we can improve our care and supportwhereverwe can.
During the year we received one formal complaint and commissioned an external provider to investigate the
complaintthoroughly and provide a set of recommendations. As a result, we:
Developed a welcome leaflet for IPU patients to explain our services
Enhanced our Ward Support volunteer role, to support patients with food choices and help family
members be as comfortable as possible, especially when staying overnight
Reinforced'softerskills, duringtrainingsessions for staff, especiallywhen moving& handling patients
Reviewed our policy on animals in the hospice, leadingto the decision to rehome the hospice cat5
Research
Wetook part in one clinical research projectthisyear. The hospicewaschosen asa sitefortheCHELsea11 (Cluster
Randomised Trial of Clinical Assisted Hydration in Patients in the Last Days of Lifel phase111 clinical trial funded
by the University of Surrey in May 2022. We were approved to begin recruiting patients in February 2023 and
enrolled 10 patients to the study by March 2024.
We became part of a Kent, Sussex and Surrey wide research collaborative, which is working with the National
Institute of Health and Care Research INIHR) to create resources to support research governance in Hospices.
Medical Revalidation
We ensure that all doctors in our organisation meet the General Medical Council's standards for Medical
Appraisal and Revalidation. We have a Service Level Agreementwith University Hospital Sussex NHS Foundation
Trust who help us with Accountable Officer services.
We reached 100 % compliance fordoctors with a prescribed connection at St Peter & St James Hospice finishing
their appraisal cycle on time or having an approved exception.
14

Quality Improvement Priorities (QIPS)
In 2023-2024 we established the following QIPS..
To improve our documentation and reporting function within our Electronic Patient Record IEPRI
system.
To improve our approach to raising and reporting safeguarding concerns and embedding safeguarding
as everyone's business
To increase our reach in the Living Well Centre (LWCI & Supportive Care ISCI services with the
implementation of a rehabilitative palliative care IRPCI approach.
To review our referral acceptance and discharge planning processes.
As explained in the safeguarding section above, we reviewed our safeguarding practice across the organisation.
A key part of this review was ajoint audit across Sussex hospices, which involved a team of hospice trustees from
across the county evaluating the quality of safeguarding practice in each others, hospices.
We successfully adopted a rehabilitative palliative care approach in our Living Well Centre ILWCI and extended
our reach, increasingthe number of groups we run every week and adding a Fatigue and Breathlessness Group,
a Restore Shed and a Living Well Matters education program. From January 2024 we are providing counselling
supportto children as well as adults and this service has been used by 10 children in the lastquarterofthe year.
We will continue to work on our electronic patient record IEPRI as part of the QIP program for 24-25. This will
ensure we have reliable data going fO￿ard so we can report regularly on our patient activity and patient
reported outcomes across all our services. We will also examine our referral acceptance and discharge processes
in more detail and make any necessarychanges as part of this review of our EPR.
15

QIPS for 2024-2025
Define our Models of Care
To ensure equitsble access to services by all those who need us.
To streamline processes and ensure patients receive the right care in
the right place, by the right person, atthe righttlme.
Why:
Wewill define and describe what we do, for whom, when, and
how much.
e wiFt, describe pathways acCor￿1ng to a cohe￿nt taxonomy.
We will determine the level of Input for patients wEtPkerailty,
dementia, and other diseases where it is less clear to what
degree hospices should inteNene..
We will developthe models of care into a Clinical Strategy for
the next3-5 years.
How?
Electronic Prescribing
.To hèEyTeduce medkatlon lfictdent5,
To Improve remote assessment, remote prescrlbing, and easler
integration of rec(Irdsbr medicatlon audits and incidents.
Why,.
We wlll research and implement an electrortic prescriblngsystern
for use on the In-Patient Unfc.
We wlll aim to collaborate with a local Hospice to reduce
duplication.of effort and tlme and financial resources needed.
We will workwith the new system provider to ensure hardware and 4
software are in place to accommodate electronlc prescribing.
We will provide tralningfor all stalf involved in the prescribing and
adminlstration of medicines.
How?
16

Non-medical Prescribing
To improve the support we give our patients to live and die well in.".,
their preferred place of care, through the enhanced skills of Non
edical Prescribing INMPI.
To enhance effective symptom control by supporting patients Wit
timely access to treatment with medicines, thus enabling choice
reducingsyrnptom burden and admission to hospital attheend of life
Why,.
We will define NMP min,imum standards for the Hospice.
We will identify an organisational Independent Prescribing Lead
together with a NMP Lead role profile.
We will complete the self-assessment employer readiness tool and
establish SMART objectives.
We will c(vnplete a trainee NMP readiness checklist and establish
SMART objectives to suppo.rt trainees.
We wilFagree organisational minimum standards for prescribin&
We will de.vlse a return:it7g / resuming ta presc.ribing practice
process and competency.
We will produce and implement an organisational NMP policy and
fram.ework.
How?
17

Data Quality? Analysis and Application
To efective
y assess
place, or neighbourhood.
To use quality data to help us understand what our population need5,
and how and where care and supportservices should be
commissioned and provided,
To ensure existlng, routinely collected data,15 being
I'everagedlexploited to its full potential. To use the rlght data to help
us p.redictfuture need and understand how symptorr}s in patient
cohorts influencehGW care Should be organi5ed and pr¢Jvided.
est to Improve PEOLC across our system,
We will use an agreed method of categorising patients according to
Jevel apd 5e!er!ty.pf frailty,. adopti n&the same aeproach to assessi n
monitoring, scori ng andf ategorlsing interventions.
Wé Will embed ￿￿rfOrm defiFthIOhS of Coré. SpttlotTrst and Ethnced
al￿ use these Inyeportl
-. We will devebop a uniform approaeh,to
ta entlyi collecti0Troiid
repo
Ing
or
ersona
uppo
anning In
Wewill identify population need and quantifiable estimates of reach
based on agreed methods.
We will develop a setof KPIS for reportingthat are meattingful and
achievable.
Wewlll determine optimal methods (with requisite data collectionand
reporting) for assessi ng impact of care at servlce level.
How?
18

Structure, Governance and Management
St Peter & St James Charitable Trust Ithe"Charity"} is a Company limited byguarantee, not having a share
capital. It is governed by a Board of Trustees operating in accordance with the Articles of Association adopted
on 3 October 2018 las amended on 17 October 2022).
The Hospice operates a numberof shops selling principally donated goods. St Peter& St James Hospice Shops
Ltd I"Shops"l is a wholly owned subsidiary of the charity whose main purpose isto sell a small range of new
goods through the Hospice's shops.
The Friends of St Peter& St James {"Friends"l is a'linked, charityto St Peter& StJames Charitable Trust.
The total of the three entities above is referred to in this report as the"Group"
The Group is administered by a Board of Trustees that meets regularly throughout the year. The Chief Executive
is appointed by the Trustees to manage our executive operations with the support of the Executive Team and
has delegated authority forthe day-to-day management of the Charity and the Group.
The following Committees support and reportto the full Board throughoutthe financialyear:
Quality and Safety Committee
Finance and Resources Committee
Income Generation Committee
People Committee
Board Development Committee
Membership of all Committees includes both Trustees and members of the Executive Team .
The Board Development Committee is responsible for overseeing Hospice governance and forthe recruitment,
induction and trainingof Trustees. It uses a skills and experience auditto determinethe skills requirements for
new Trustees when a vacancy arises, ensuring the Board and its Committees have the requisite skills and
experience to function effectively.
Trustee vacancies are advertised on the Hospice website and Hospice social media channels and prospective
Trustees are shortlisted for interview. Following a successful interview, a recommendation is made to the
Board which then decides whether to appoint. Prospective Trustees are invited to a Board meeting as
observers beforethe appointment decision.
Following the appointment, Trustees are provided with governance documentation and current operational
reports and are offered a structured induction programme.
The term of office for individual Trustees is four years, with a maximum of one renewal. New Trustees
appointed by the Board are subject to formal appointment at the next AGM. The position of Chair of Trustees is
held for a maximum period of 5 years.
During 2023124, the Executive Team comprised the Chief Executive, Care Director, Finance Director (whose
services were provided via a Service Level Agreement with St Catherine's H05picel, People Director (appointed
August 20231, Medical Director (appointed December 20231, working with the Trustees to provide leadership
and direction to the organisation.
The Senior Leadership Team comprises all senior managers responsible forthe delivery of services and
activities.
19

The Chief Executive's salary is determined using an independent salary survey, developed in association with
Hospice UK. Senior Leadership Team salaries are part of a pay5tructure thatwas created in 2021 following a
systematicjob evaluation of all roles within the hospice, using an independentjob evaluation and
benchmarkingtool.
Co113boration and coordination are key in enablingthe Charity to provide excellent personalised care. Aswell
as the collaboration with other Sussex Hospices already referred to, the Hospice strives to maintain good
working relationships with local GPS, Integrated Care System, Local Authorities and other healthcare providers
and charities, includingother Hospices.
Our People
Trustees
Patrons
Charlotte Almond
Dr Nick Barrie
Michael Carey
Caroline Cauvin
Anita Chown (Appointed September 20231
Andrew Cook
Harrietcreamer (Chairl
Patrick Henshaw (Appointed September 2023)
John Hills
Robin Knight (Vice Chairl
Isabelle Otway
Patricia Robi nson
Lesley Strong
Anne Billson
Matt Turner
Sir Edward Cazalet
Katie Derham
Edward Fox OBE
Piers Morgan
Lisa Welton
Emma Cleary
Toby Wittome
Karol Matthews
Susan Fleet MBE Hon GMS
Deirdre Prower (retired as a trustee in September 2023. Baroness Andrews of Southover OBE (resigned
appointed as a patron in April 20241
September 20241
The Viscount Brentford (resigned September
20241
Executive Team
Dr Martin Powell
Chief Executive:
Care Director:
Eirian Levell
Finance Director:
Cathy Heard (via SLA, from June 2022 to June 20241
Matthew Dean ACA (appointed July 20241
Medical Director
Dr Helen McGee (appointed December 20231
People Director:
Melissa Le Palud (appointed August 20231
20

OUR FINANCIAL PERFORMANCE 2023124
Income and Expenditure
Income
£5.7m
Expenditure
£6.Om
Donations
Donations
Legacies
Tradi ng Activities
Tradi ng Activities
Cha ritable Activities
Charitable Activities
Investment Income
Other Income
Reserves and Cash
Reserves
£6.Im
Cash
£3.2m
Unrestricted Reserves
Investments
Designated Reserves
Current Asset Snvestments
Restricted Reserves
Cash & Equivalents
Following the Pandemic, our income continues to be impacted by the cost-of-living crisis, despite great efforts
from ourFundraisingand Retailteams. Inthisfinancialyearwe realised lowerlegacyincome, despitethe support
of a generous interim release of £500k from a future legacy. The changes made in our retail portfolio have
SUPPOrted stronger growth. Our statutory income remains static.
21

We ended the year with net expenditure of £0.3m, leaving reserves at £6.Im, free general reserves lunre5tricted
reserves less fixed assets) of £3.7m and a cash position of £3.2m.
Financial Outlook 2024125
Operational Performance
Given the continued economic uncertainties, our budget for 2024125 expects a net expenditure in the year of
approximately £0.7m moving our free general reserves position to approximately £3.Om, which is subject to
change in a unpredictable market. However, we are actively working to increase our voluntary income with a
fresh focus on our fundraising activities and continued delivery of our retail strategy, whilst managing our
expenditure.
Reserves
The Trustees, reserves policy is to mai ntai n free reserves at a level that is sufficient to protect services from the
potential financial impact of known significant risks over the short to medium term. The focus of this policy is
aligned to Free General Reserves as these reserves support operational activities.
The Trustees, objectives are:
that free reserves should be held at a sum sufficient to avoid an unacceptable level of disruption to
services in the event of an unexpected downturn in income. and
to recognise the need for continuing investment to maintain the quality of the Charity's assets to an
adequate standard.
The Trustees have agreed that in order to set a relevant free general reserves policy level which is in the charity's
best interests, a risk centred approach is most valid.
The Trustees recognise that as a healthcare organisation, the risk of full closure has always been low, given that
alternative arrangementswould be made to continue operations, which is addressed in our Business Continuity
Plan. However, as we navigate the current costof livingcrisis, complacency in this regard is not an option.
Decisions related to the reserves policy are taken by the full board based on the advice of the Finance and
Resources Committee.
The Free Reserves position required to meet this policy is between £1.4m and £4.4m.
The Group's free reserves of £3,747,000 as of 31 March 202412023.. £4,079,000) are in line with our policy
requirements.
The net movement in reserves in the year is set out in Notes 19 to 22 to the accounts
Market Value of Land and Buildings
All freehold land and buildings shown in Fixed Assets in the Balance Sheet are included in the financial
statements at cost or open market value if lower. In the opinion ofthe Directors, the open market value of the
freehold land and buildings is not less than the amounts shown in the financial statements.
22

Investments
The overall objective of the charity for its investments, which represent reserves held consistentwith its reserves
policy, is to provide fi nancial security and stabi lity, recognising that the charity is exposed to a degree of fi nancial
risk due to the variable and uncertain nature of its income streams.
The Trustees have agreed thatthe charity's assets can be invested widely and should be diversified by assetclass,
by managerand by security. Asset classes could include cash, bonds, equities, property, hedge funds, structured
products, private equity, commodities, and any other asset that is deemed suitable.
The charity seeks to produce the best financial return within an acceptable level of risk. The charity has adopted
an ethical investment policy to ensure that its investments do not conflict with its aims or can lead to
reputational damage. The investment objective for the long-term fund is returns which, over a rolling 5 years,
achieve CPI +2%.
The Finance and Resources Committee has responsibility for recommending the investment strategy, setting
benchmarks and monitoring the investment assets on a quarterly basis.
Aformal evaluation of each fund managers, performance and consideration of the need to undertake full market
testing is undertaken every 3-5 years.
A significant element of the charity's funds 15 held with Rathbone Investment Management.
Note 14 gives further information on the Investment position as of 31 March 2024.
Current Asset Investments
The Charity also holds funds in short-term, interest-bearing deposit accounts. Deposits in any one banking group
are subject to a maximum investment of £450,000. Term deposits can be placed if cash flow projections show
that the funds are temporarily surplus to operational requirements.
Going Concern
Having reviewed and formally agreed the forecasts and cashflows prepared in June 2024, together with the
Executive's business plan, the Trustees believe, to the best of their knowledge, that the charity remains a going
concern for the 12-18 month period from the date of approval of the financial statements.
Disclosure of information to auditor
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps
to identify such relevant information and to establish that the auditor is aware of such information,
The Trustees, report was approved by the Board of Trustee.
Name
Date..
l.l... Sep&Mb..¢f...aOILL
23

*-,•￿,4 Statement of Trustees, Responsibilities
The Trustees, who are also the directors of St Peter & St James Hospice for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice}.
Company Law requirestheTrusteesto prepare financial statementsforeach financialyearwhich give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application
of resources, includingthe income and expenditure, ofthe charitable company forthatyear.
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;
makejudgements and estimatesthat are reasonable and prudent,.
state whether applicable UKAccounting 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 charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
i rregu larities.
24

IndependentAuditor's Report To The Members Of St Peter & St James Charitable
Trust
Opinion
We have audited the financial statements of St Peter& St James Charitable Trust Ithe'charitable company'l for
the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the
statementof cash flows3ndthe notestothefinancialstatements, includinga summaryof significantaccounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom GenerallyAccepted Accounting Practice).
In ouropinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of it5
incoming resourcesand application of resources, includingits income and expenditure, fortheyearthen
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.
and
have been prepared in accordance with the requirements ofthe Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUK}l and applicable
law. Our responsibilities underthose standards are further descri bed i n the Auditor's responsi bi lities for the audit
of the financial statements section of our report. We are independent ofthe charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis forour 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 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 charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements 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 other information comprises the information included in the annual report other than the financial
statements and our auditor's report thereon. The Trustees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and,
25

except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of
the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to 3 material
misstatement in the financial statements themselves. If, based on the work we have performed, we conclude
that there is 3 material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course ofour audit:
the information given in the Trustees, report for the financial year for which the financial statements are
prepared, which includes the directors, report prepared for the purposes of company law, is consistent
with the financial statements. and
the directors, report included within the Trustees, report has been prepared in accordance with
applicable legal requ irements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding ofthe charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the directors, report included within
the Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006
requires us to reportto you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received allthe information and explanations we require forour audit. or
the Trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the Trustees,
report and from the requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of
the charitable company for the purpose of company law, are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fairview, and for such internal control as the TrLbStees
determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error. In preparingthe financial statements, the Trustees are responsible
for assessingthe charitable company's ability to continue as a going concern, disclosing, as applicable, matters
related to going concern and using the going concern basi5 of accounting unless the Trustees either intend to
liquidate the charitable company or to cease operations, or have no realistic alternative butto do so.
Auditor's responsibilities for the audit of the financial statements
26

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 guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, 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.
In identifyi ng and assessing the risk of material m isstatement in respect of i rregu larities, includi ng fraud, we:
obtained an understanding of the nature ofthe sector, includingthe legal and regulatory framework that
the charitable company operates in and how the charitable company complies with the legal and
regulatory framework,
inquired of management, and those charged with governance, about their own identification and
assessment of the risks of irregularities, including any known actual, suspected or alleged instances of
fraud; and
discussed matters about non-compliance with laws and regulations and how fraud might occur including
assessment of how and where the financial statements may be susceptible to fraud.
As 3 result of these procedures we consider the most significant laws and regulations that have a direct impact
on the financial statements are FRS 102, Charities SORP IFRS 102), Companies Act 2006, Charities Act 2011, the
charitable company's governing document, tax legislation and Charities (Protection and Social Investment) Act
2016. We performed audit procedures to detect non-compliances which may have a material impact on the
financial statements which included reviewing the financial statements, including the Trustees, report, and
remainingalertto new or unusual transaction5 which may not be in accordance with the governingdocument.
The most significant laws and regulations that have an indirect impact on the financial statements are
employment law, health and safety regulations and the UK General Data Protection Regulation IUK GDPRI. We
performed audit procedures to inquire of management and those charged with governance whether the
charitable company is in compliance with these laws and regulations and inspected correspondence with
regulatory authorities.
We identified the risk of management override of controls as the area where the financial statements were most
susceptible to material misstatement due to fraud. Audit procedures performed included, but were not limited
to, testing manual journal entries and other adjustments, evaluating the business rationale in relation to
significant, unusual transactions and transactions entered into outside the normal course of business and
challengingjudgments and estimates.
Because of the in herent li m itations of an audit, there is a risk that we will not detect all i rregu larities, includ ing
those leading to a material misstatement in the financi31 statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be les5 likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https:/l
www.frc.org.uklauditorsresponsibilitie5. This description forms part of our auditor's report.
27

Use of report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state
to the charitable company's trustees those matters we are required to state to them in an auditor's report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibilityto anyone
otherthan the charitable company and the charitable company'strustees as a body, for our audit work, forthis
report, or forthe opinionswe have formed.
LLr
David Martin FCA (Senior Statutory Auditor)
for and on behalf of Knill James LLP
Chartered Accountants
Statutory Auditor
One Bell Lane
Lewes
East Sussex
BN71JU
28

Statement of Financial Activities (incorporating an income and expenditure
account) forthe yearended 31 March 2024
Total
Funds
Total
Funds
Restrlcted
Designated
Unrestrlcted
2024
2023
Note
£'OOO's
£'OOO's
£'OOO's
£'OOO's
£'OOO's
Incorne
Donations & Legacies
107
2,176
2,283
2,694
Trading Activities
2,304
2,304
1,904
Charitable Activities
30
868
898
926
Investments
75
75
29
Other Income
142
30
172
60
Total Income
279
5,453
5,732
5,613
Expenditure
Fundraising & Investment Activities
560
560
611
Trading Activities
2,067
2,067
1,915
Charitable Activities
160
3,238
3,398
3,173
Total Expenditure
160
5,865
6,025
5,699
Net Income I (Expenditure)
Operationa(Activities
on
119
14121
{2931
(861
Net Gains I ILossesl on Investments
13,14
13
13
1291
Net Income I (Expenditure) forthe Year
119
1399}
1280}
(1151
Transfer Between Fund$
19.20
Net Movement in Funds
119
(399}
1280}
(115)
Funds BIF a5 at 1st April
92
199
6.088
6,379
6,494
Funds Carried Forward as at31st March
211
199
5,689
6,099
6,379
All gains and losses arising in the current and previous year have been recognised in the Statement of Financial
Activities and arise from continuing activities. The prior year comparators for each fund included above are
included in notes 27 to 32. The notes on pages 37 to 56 form part ofthesefinancial statements.
29

Balance Sheets as at 31 March 2024
Company Registration Number: 03204919
Group
Hospice
31 March
31 March
31 March
31 March
2024
2023
2024
2023
Notes
£'ooo
£'ooo
£'ooo
£'ooo
Fixed Assets
Tangible Assets
12
1,941
2,005
1,941
2,005
Investments
13
500
477
590
567
2,441
2,482
2,531
2,572
Current Assets
Investments
.14
2.503
2,395
2,503
2,395
stock
15
19
25
Debtors
16
1,220
1,388
1,277
1,486
Cash at Bank
207
316
31
140
3,949
4,124
3,811
4,021
Current Liabblitie5
Creditors.. amounts falling due within one year
17
291
227
290
227
Net Current Assets
3,658
3,897
3,521
3,794
Total Assets less Current Liabilities
6,099
6,379
6,052
6,366
Creditors.. arnounts falling dL¢e greater than
oneyear
Total Net Assets
6,099
6,379
6,052
6,366
The Funds of the Charity
Restricted Funds
19
211
92
211
92
Designated Funds
20
199
199
199
199
Unrestricted Funds
20
5,689
6,088
5,642
6,075
Total Funds
21
6.099
6,379
6,052
6,366
30

The unconsolidated net loss of the Hospice in 2023124 was £314,000 {2022123 a net income of £116,000).
The Financial Statements on pages 29 to 56 were approved by the Board of Directors and authorised for issue on
Il" September 2024 and are signed on its behalf by:
Harriett Creamer
IQLa
Aiidrevd Coo
Trustee l Director
Trustee l Director
The notes on pages 37 to 56 form part of these financial statements.
31

Consolidated Cash Flow Statement as at 31 March 2024
31 March 2024
31 March 2023
£'ooo
£'ooo
Notes
Cashflows from Operating Activities
Net Cash provided by I lused inl Operating Activities
243
6S
95
Cashflows from Investing Activities
Purchase of Property. Plant & Equipment
1661
1901
Proceeds from Investments
Net Cash provided by I (used inl Investing Activities
(661
(85)
Change in Cash & Equivalents in the Reporting Period
(i)
io
Cash & Equivalents atthe beginningofthe Reporting Period
2.711
2,701
Cash & Equivalentsatthe end ofthe Reporting Period
24b
2,710
2,711
The notes on pages 35 to 54 form part of these financial statements.
32

Principal Accounting Policies
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the
preparation of thefinancial statements are as follows:
Basis of Accounting
The Trust meets the definition of a public benefit entity under FRS 102. The financial statements have been
prepared in accordance with the Trust's Memorandum and Articles of Association, the Charities Act 2011, FRS
102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102,1 and the
Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparingtheiraccounts in accordancewith the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102} (effective l January 20191.
The financial statements are prepared under the historical cost convention, modified to include certain items at
fairvalue. The financial statements are prepared in sterling which is the functional currency ofthe Charity and
rounded to the nearest thousand pounds.
Lpgal £tatLlS of the Charity
The Charity is a company limited by guarantee and has no share capital. In the event of the Charity beingwound
up, the liability in respect of the guarantee is limited to £10 per member ofthe Charity.
Going Concern
The financial statements are prepared on a going concern basis. The Trustees believe that there are no material
uncertainties aboutthe Charity's abilityto continue as a going concern, aftertaking into accountthe further risks
and reduced income levels from the impact of Covid-19.
Free rese￿e5 stand within the charity's reserves policy requirements which has been agreed on a ri5k-based
profile. Medium-term forecast projections indicate that the charity's free reserves remain within its policy's
acceptable limits.
MaterialAreas of Judgement
The most significant area ofjudgement and key assumptions that affects items in the accounts is the estimation
of income from Legacies. The estimated value of each outstanding legacy at31 March is calculated in accordance
with the principles set out in the Donation, Grants and Other Income section below. Another significant area of
assumption is in respect of depreciation of Fixed Assets. The rates of write down are shown in the Tangible Fixed
Assets section below. The Trustee5 are 5at15fied that these write down rates are a reasonable reflection of the
expected useful life of the assets in each class.
Group Financial Statements
The financial statements consolidate the results ofthe Charity, its whollyowned subsidiary, St Peter& StJames
Hospice Shops Ltd and the Friends of St Peter & St James on a line-by-line basis. A separate Statement of
Financial Activities and Income and Expenditure Account for the Charity has not been presented because the
Charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.
Fund Accounting
Unrestricted funds are available to spend on activities thatfurther any ofthe purposes of the charity. Designated
funds are unrestricted funds of the charity which the Trustees have decided attheir discretion to set aside to use
for a specific purpose. Restricted funds are donations where the donor has specified they should only be used for
33

particular areas of the hospice's work. The aim and use of each designated and restricted fund is set out in the
notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund.
DonJtecl & TanRible Fixed Assets
Tangible assets donated to the hospice are recorded at the original estimate of their value to the company.
Fixed assets other than donated assets are stated at historical cost. All assets costing more than £1,000 are
capitalised.
Depreciation is provided to write off the cost or revalued amount of all fixed assets on a reducing balance basis
overtheirexpected economic useful lives as follows:
Freehold land
Freehold property
5%
Fixtures, fittings and equipment
15 % or 200/0
Computer equipment
Motorvehicles
25%
Equipment (Shops)
I dXLILioII
The company is considered to pass the tests set out in the Finance Act 2010 and therefore meets the definition
of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from
taxation on income or capital gains to the extent that such income or gains are applied exclusively to charitable
purposes.
Rentalcosts under operating leases are charged tothe general fund operating account in equal annual amounts
in accordance with the terms ofthe lease. Any benefits received or receivable as an incentive to sign an operating
lease are recognised on a 5traight-line basis over the period of the lease.
p￿￿¢4￿11 ¢iJritril)Iitiiin
The Charity contributes to a defined benefit scheme INHS Superannuation) for eligible Staff and operates a
defined contribution scheme for other staff. The contributions to the schemes are recognised as an expense in
the financial statements as they become payable.
The NHS scheme may be defined as a defined benefit multi-employer plan. however, the Charity does not have
any share of the underlying assets or liabilities. The contributions are determined by the Government actuary,
and there is no furtherobligation from the Charity otherthan the initial contributions due.
DoiiitlOl)s GJl-cllltb,Iiiil Otlio&i- Iiicoi)ie
Income is recognised in the Statement of Financial Activities when the charity is entitled to the funds, any
performance conditions attached to the item{sl of income have been met, it is probable that the income will be
received and the amount can be measured reliably.
In the event that a donation or grant is subject to fulfilling performance conditions before the charity is entitled
to the fu nds the income is deferred and not recogn ised unti l it is probable that those cond itions will be fulf illed
in the reporting period. Income from Gift Aid reclaims is recognised for any donations with relevant Gift Aid
34

certificates recognised in income forthe year. Any amounts of GiftAid not received bythe year end are accounted
for in income accrued in debtors.
Income from NHS contracts, government or other grants, whether capital or revenue in nature is recognised
when the charity has entitlement to the funds, any performance conditions have been met, it is probable that
the income will be received and the amount can be measured reliably,
Legacies
Income from legacies is determined on a case-by-case basis in accordance with the following principle5:
Pecuniary legacie5 are recognised once probate has been granted and notification has been received that
payment will be received.
Residuary legacies are recognised once probate has been granted, provided that sufficient information has been
received to enable valuation of the hospice's entitlement with sufficient certainty. amounts receivable are
included at 90 % of their valuation, to reflect the sector's experience of the uncertainty inherent in the
administration of estates, subject to further reduction to reflect the impact of otherfactors such as the valuation
of unrealised estate assets or subsequent adverse movements in property and investment markets.
Where legacies have been notified to the charity orthe charity Is aware of the granting of probate and the criteria
for income recognition have not been met then the legacy is treated as a contingent asset and disclosed if
material.
Donated Goods and Services
Donations of goods and services, including seconded NHS doctors, are recognised when the charity has control
over the item, any conditions associated with the donated item have been met, the receipt of economic benefit
from its use is probable and the economic benefitcan be reliably measured. These items are included in income
atthe estimated value of the gift to the charity when received based on the amount the charity would have been
prepared to pay had it been required to purchase them.
Volunteers
The value of the services provided by volunteers is not incorporated into these financial statements. Further
deta ils of thei r contribution are provided i n note 12.
ExpenditLire
Expenditure is included in the Statement of Financial Activities on an accruals basis once there is a legal
obligation to make a payment, it is probable that settlement will be required, and the amount ofthe obligation
can be measured reliably, Expenditure is categorised under the following headings
Costs of raisingfunds comprises fundraising costs incurred in seeking donations, grants and legacies. investment
management fees. costs of fundraising activities including the costs of trading activity and their associated
supportcosts. Fundraisingcostsdo notincludethe costsofdi55eminating information in supportofthe hospice's
charitable activities.
Expenditure on charitable activitie5 includes the costs of providing specialist palliative care and support to
patients,theirfamilies and the widercommunity. research and other educational activities undertaken to further
the purposes of the charity and their associated support costs.
Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the
hospice and include governance cost, finance and office costs. Governance costs are those costs incurred in
35

connection with complying with constitutional and statutory requirements of the charity. Where practicable
irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support costs are allocated to each of the activities on a variety of bases, principally headcount, floor area or
time spent on activities depending on the nature of the support costs, to best allocate the costs to each
attributable heading. More details on the analysis and basis of allocation is given in note 6.
Fii)ai)Lial In%lrLIITieni
The hospice only has f inancial assets a nd liabilities of a ki nd that qua lify as basic fina ncial i nstruments. Basic
financial instruments are initially recognised at their transaction value and subsequently measured at their
settlement value.
Investments are a form of basic financial instrument and are initially recognised at their transaction value and
subsequently measured at their fair value as at the balance sheet date using the closing quoted market price,
except for the shares in the trading subsidiary which are carried at cost. The Statement of Financial Activities
includes the net gains and losses arisingon revaluation and disposals throughout theyear.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on
investments are calculated as the difference between sales proceeds and their opening carrying value or their
purchase value if acquired duringthe financial year. Unrealised gains and losses are calculated as thedifference
between the fair value at the year end and their carrying value. Realised and unrealised investment gains and
losses are combined in the Statement of Financial Activities.
Currentasset investments are shortterm liquid investments, which are not required to coverday to day running
costs. These comprise cash on deposit and cash equivalents held with organisations other than our current
bankers.
The charity does not acquire put options, derivatives or other complex financial instruments. The main form of
financial risk faced by the charity is that of volatility in equity and bond markets due to wider economic
conditions, the attitudes of investors to investment risk and changes in sentiment concerning equities and other
instruments within particular sectors.
Stoik
Stock of goods for resale is valued at the lower of cost and net realisable value. Stock donated for resale is not
included in the financial statements until it is sold because the Trustees consider it impractical to be able to
assess the amount of donated stocks as there are no systems in place to record these until they are sold and
undertaking a stock take would incur undue cost and income loss for the charity which would far outweigh the
benefits.
Dc,l)loi-
Trade and other debtors are recognised at the settlement amount due after any discounts offered. Prepayments
are valued at the amount prepaid net of any discounts due. Accrued income arid tax recoverable is included at
the best estimate of the amounts receivable at the balance sheet date.
fa81i al Bcll)b Lll-11-l iii H,Ilii
Cash at bank and cash in hand includes cash and short term highly liquid deposits Wlth a short maturity of 95
days or less from the date of acquisition or opening ofthe account.
36

Creditors
Creditors are recognised wherethe charity has a present obligation resulting from a past event thatwill probably
result in a transfer of funds to 3 third party and the amount due for settlement can be measured or estimated
reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discount.
Supporting Notes to Financial Statements
I Income
Income derives from the group's principal activities carried on wholly in the United Kingdom.
2 Income from Fundraising Activities
Restricted
Unrestricted
2024
2023
£'OOO's
£'OOO's
£'OOO's
£'OOO's
Donations
76
1,029
1,105
1,103
Legacies
1,094
1,094
1,422
Other Grants
31
53
84
169
107
2,176
2.283
2,694
Legacy Income includes £500,00012022123 £500,000), being an early release of funds from a will estate.
3 Income from Investments
2024
2023
£'OOO's
£'OOO's
Listed Investment I ncome
13
li
I nterest Received -1 nvestments held as Current A55ets
62
18
75
29
37

4 Income from Trading Activitie5
2024
2023
£'OOO's
£'OOO's
Retail
1,995
1,669
Lottery
191
171
Fundraising Events
118
64
2,304
1,904
Income from CliaritableActivities
Restricted
UnrestrictEd
2024
2023
£'OOO's
£'OOO's
£'OOO's
£'OOO's
NHS Block Grants
NHS Block Grant
626
626
505
NHS Pension Rebate
31
31
30
Grants
NHS Consulta nts Sessions
57
N HS Specialist Palliative Community Care
Weekends / Bank Holidays
County Council Befriend ing Services
30
30
33
Commissioned Income
I npatient Beds from Continu ing Healthcare
34
34
63
Inpatient Beds for Winter Pressures
43
43
39
Urgent Response
46
Contribution to Drug Costs
86
86
69
other Commissioned Income
13
COVID 19 Hospice UK IHUKI Support
Education Income
43
43
20
30
868
898
926
38

a) Expenditure
Direct Cost$
Support Costs
Depreciation
Total 2024
Total 2023
£OOO's
£OOO's
£OOO'$
£OOO's
£OOO's
Fundraising I Investment Activities
Donations,
Grants
Legacies
354
186
16
556
606
Investment Management
358
186
16
560
611
TradlngActlvltiÈS
Retail Shops
1,513
309
17
1,839
1,767
Lottery Costs
67
69
58
Fundraising Events
29
127
159
90
1,542
503
22
2,067
1,915
Charitable Activities
Inpatient Selwices
1,271
720
37
2,028
2,175
Community Services
554
371
33
959
729
Wellbeing Service5
130
216
16
361
182
Education
46
50
87
1,957
1,353
88
3,398
3,173
3,857
2,042
126
6,025
5,699
39

bl Analysis of Support Costs in al above
Facilities &
Hospitality Support Services
Corporate
Comms
Support Costs
Total
Governance
£000'5
£OOO's
EOOO'S
£OOO's
É000'5
Fundraising I Investment Activities
Donations, Legacie5 & Grants
50
96
23
17
186
50
96
23
17
186
Trading Activities
Retail Shops
81
186
34
309
Lottery Costs
50
67
Fundraising Events
49
49
20
127
180
242
37
44
503
Charitable Activities
Inpatient services
223
414
75
720
Community Services
62
255
46
371
Wellbeing Services
87
102
19
216
Education
19
20
46
391
791
27
144
1,353
621
1,129
87
205
2,042
40

7 Trading Operations
The wholly owned trading subsidiary, St Peter and St Jame5 Hospice Shops Limited, UK company registration
number 3146736, pays all its eligible profits to the Charity under Gift Aid. The company manages the sale of
purchased goods through the hospice retail shops.
The charity ownsthe entire issued share capital of 90,000 shares of £1 each.
A summary of the trading results IS shown below.
2024
2023
£'ooo
£'ooo
Turnover
180
107
Cost of Sales
36
38
Gross Profit
144
69
Other Operating Expenses Inetl
iio
68
Profit on Ordinary Activities
34
Donations under GiftAid
Corporation Tax
Profit Retained in the Subsidiary
33
41

Net Income l Expenditure
2024
2023
£'ooo
£'ooo
Net Income I (Expenditure) is stated after charging:
Tangible Fixed Asset Depreciation and amounts Written Off in the
Period
Owned Assets
135
131
Operating Lease Rentals - Equipment
Operating Lease Rentals - Shops & Office
381
338
Auditors Remuneration - Audit
io
12
AL¢ditors Remuneration - Tax Business
Employees
2024
2023
FTE'S
FTE'S
Averageweekly FTE'S
Voluntary Income Generation
43
43
Delivery of Charitable Activities
36
40
Support Services
27
16
106
99
The hospice employs a significant number of staff on a part-time basis. The average of number of paid staff in
the charity and group in 2023124 was 154 (2022123.. 1291.
2024
2023
E'ooo
£'ooo
staff Cost5
Salaries
3,581
3,479
Social Security Costs
312
178
Other Pension Costs
211
153
4,104
3,810
42

The hospice made ex gratia payments to staff in 2023124 of £26,00012022123 £17,000). Pension costs for 2023124
are £180,00012022123 £123,000), net of NHS funding. No emolument wa5 paid during the year to any of the
Trustees (2022123: £Nill and no Trustee was reimbursed for expenses {2022123: £Nill.
The number of employees who received emoluments in the following ranges was:
31 March 2024
31 March 2023
£'ooo
£'ooo
£60,001- £70,000
£70,001- £80,000
£80,001- £90,000
£90,001- £100,000
£LOO,001- £IIO,000
£110,001- £120,000
All of the above higher paid employees are accruing retirement benefits under schemes treated as defined
contribution schemes. The company made pension contributions of £45,000 on behalf of these staff in 2023124
12022123 £38,000).
FRS 102 defines 'key management personnel as those persons having authority and responsibility for planning,
directing and controlling the activities of the Charity, directly or indirectly, including those members of staff who
are the Executive Team personnel to whom the Trustees have delegated significant authority or responsibility in
the day-to-day running of the charity, We have interpreted this to be the Trustees and the Executive Team, whose
employee benefits for both the Charity and the Group were £338,965 in total.
Related Party Transactions
Donations from Trustees to the charity amounted to £510 in 202312412022123 £3251. In addition, Trustees make
small donations to events and gifts in kind to retail as well as entering our Local Hospice Lottery.
The charity provided services during the year to its wholly owned trading subsidiary, St Peter and St James
Hospice Shops Limited. The charge for those services amounted to £107,00012022123 £68,000). A donation of
£796 was made under gift aid from the trading5ubsidiary in the year12022123 NIL).
There were no other related party transactions in the current year or previous year.
43

10 Pension Contributions
The h05pice participates in a defined contribution pension scheme operated by Aegon, the assets of which are
held separately from those of the hospice. Employees contribute 30/0 of their salary with the charity contributing
5¥0.
The total pension cost charge of the group represents contributions payable by the charity and amounted to
£211,00012022123: £153,000).
At the year-end contributions outstanding totalled £0 12022123: £27,535). The estimated employer pension
contributions payable by the company in 2024125 is £250,000.
11 Voliinteers
The Charity is dependent upon a team of part-time voluntary helpers who assist in all areas ofthe charity's care.
Volunteers support. In the year the charity was supported by 398 volunteers12022123= 3721:
Retail Operations - 184 volunteers12022123: 1731 volunteers supported our retail operations providing sorting
and till supportto ourcharity shops, warehouse and e-commerce operations.
Charitable and Administrative Activities - 214 volunteers12022123: 1991 provided:
A range of clinical services (complimentary therapies, counselling, patient drivers}.
Community fundraising, through friends, groups, and supporting events.
Support services activities i ncludi ng administration, hospitality, and garden ing activities.
12 Tangible Fi.xed As.5èts
Fr¢)Ili&'.Ll l aiid &
6iiiidiiigs
Hospice & GTOUP
tqtsipment
Motor Vehicles
Total
£'ooo
E'LIOO
£'ooo
£'ooo
Cost I Valuation at 1st April 2023
3,507
1,133
118
4,758
Additions
28
43
71
Disposals
Cost Ivaluation at 31st March 2024
3,535
1,176
118
4,829
Depreciation at 315t March 2023
1,697
973
83
2,753
Charged in the Year
92
37
135
Disposals
Depreciation at 31st March 2024
1,789
I,oio
89
2,888
Net Bookvalue 31st March 2024
1,746
166
29
1,941
44

Net Book Value31st March 2023
1,810
160
35
2.005
Allthe tangible fixed assets ofthe group are partof the accounts of the main charity.
Freehold land of £180,000 is included in Freehold Land and Buildings that is not depreciated. The market value
of the land has been valued by the directors at £345,000.
All freehold land and buildings are included in the financial statements at the lower of historic cost less
depreciation and open market value. In the opinion of the Directors, the open marketvalue of the freehold land
and buildings is not less than the stated value and depreciated accordingly.
13 Fixed Asset Investments
Listed Investments
£'ooo
Cost l Market Value 1st April 2023
477
Gains I (Lossesl on Disposal
121
Unrealised Gains I (Losses)
15
Dividends & Interest
14
Management Fee
141
Cost l Market Value 31st March 2024
500
Historical Cost 31st March 2024
468
Investments held by the charity also include an additional £90,00012022123 £90,000) investment in the subsidiary
company at cost.
45

Subsidiary Company
Aggregate
Capital &
Reserves
Country of
Incorporation
Class of
Proportion
Held
Result for
14ame
Holding
Year
£'ooo
£'ooo
St Peter and St James Hospice
Shops Limited
England
Ordinary
iooo
90
34
14 Investments held as CurrentAssets
Cost l Marketvalue 1st April 2023
2,395
Cash held in deposit accounts
305
Disposal of Investments
12591
I ntere5t
62
Cost l Market Value 31st March 2024
2,503
Historical Cost 31st March 2024
2,160
15 Stock
Group
Hospice
2024
2023
2024
2023
£'ooo
£'ooo
£'ooo
£'ooo
stock
Goods for Resale
19
25
19
25
46

16 Debtors
Group
Hospice
2024
2023
2024
2023
£'ooo
£'ooo
£'ooo
£'ooo
Debtors
Trade Debtors
30
30
Accrued Legacy Income
903
1,165
903
1,165
Amounts
Company
due
from
Subsidiary
57
95
Other Prepayments & Accrued Income
224
66
224
66
Other Debtors
63
157
63
160
1,220
1,388
1,277
1,486
17 Creditors.. Amounts falling due within one year
Group
Hospice
2024
2023
2024
2023
£'ooo
£'ooo
£'ooo
£'ooo
Creditors
Trade and Other Creditors
165
115
164
117
Taxation and Social Security Costs
65
65
Accruals & Deferred Income
115
15
115
15
Other Creditors
li
32
li
30
291
227
290
227
47

18 Reserves - Movements by Fund
This schedule presents the final reserves position by fund.
RLJ%tricted
F(Inds
DesigiiAted
U ni-8slriil*(I
Tolal
Fiin(I
Balance as at I" April 2023
92
199
6,088
6,379
Net Operating Income / IExpenditurel
Net Gains / (Losses) on I nvestments
119
14121
12931
13
13
Net Inc / (Decl in Reserves
119
13991
12801
Transfers between Funds
Net Inc I (Decl in Reserves
119
{3991
12801
Balance as at 31" March 2024
211
199
5,689
6,099
Less..
Fixed Assets
1,941
1,941
Available Reserves
211
199
3,748
4,158
Notes 20 and 21 provide further detail on fund movements in theyear.
19 Restricted Funds: Group & Charity
Balance I
Income in
Expenditure
in Year
Transfers In I
Ioutl
Balance 31
April 2023
Year
March 2024
Capital & Equipment
47
48
95
Other
45
231
160
116
Total Funds
92
279
16Q
211
Donations in Kind
Total Funds
92
279
160
211
The hospice may receive grants or donations whose use is restricted by the donor. In these circumstances, the
funds are shown as restricted.
f.apital & Eciuipniefil
Funds raised in support of specific capital projects and equipment.
48

20 Unrestricted Funds
Gain I (Lossl
on
Balance I
April 2023
Income in
Expenditure
in Year
Investments
in Year
Transfers In
Balance 31
March 2024
Year
l (Outl
Designated Funds
Capital Replacement
199
199
Total
Funds
Designated
199
199
General Funds
6,088
5,453
5,865
13
5,689
Total
Funds
Unrestricted
6,287
5,453
5,865
13
5,888
Unrestricted reserves are available to be used for..
The dayto day running of the hospice.
The costs of any capital projects in whole or in part where the cost is not met from any other fund, and
For any other purpose as the Directors see fit to fulfil the objectives of the hospice.
Designated funds have been agreed by the Trustees to support costs in the delivery of its Strategic goals.
At the end of the year £199,000 remains in the designated fund to support programmed capital expenditure to 31
March 2025.
49

21 Analysis of Group NetAssets between Funds
Total
Total
Funds
Funds
Unrestricted
Restricted
2024
Unrestricted
Restricted
2023
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
£'ooo
Tangible Fixed Assets
1,936
1,941
2,000
2,005
Fixed Asset I nve5tment5
500
500
477
477
Current Asset Investments
2,503
2,503
2,395
2,395
Other Current Assets
1.227
206
1,433
1,538
87
1,625
Current Liabilities
12781
12781
11231
11231
5,888
6,099
6,287
92
6,379
22 Members ofthe Hospice
As at 31 March 2024 there were 56 members of the company who are required to contribute £10 each in the event
ofthe company beingwound up.
LJ vpei-aiing Leabe LOi>li)IiimentS
At 31 March 2024 the group was committed to make the following payments in respect of operating leases:
2024
2U23
£'ooo
£'ooo
Land & Buildings
Amounts due within One Year
398
337
Amounts due in Two to Five Years
1,470
1,301
Amounts due in over Five Years
931
928
Other
Amounts due within One Year
Amounts due in Two to Five Years
2,800
2,568
Payments under operating leases are recognised as expenditure as they fall due. No provision has been made
for future commitments.
50

24 Cashflows
2024
2023
£'ooo
£'ooo
a) Net Income I (Expenditure) forthe Reporting Period
(280)
(1151
Adjust for:
Depreciation
135
131
(Gains) l Losses on Sale of Asset5
101
13
Ilncreasel / Decrease in I nvestments
1281
18
Ilncreasel / Decrease in Stocks
{251
Ilncreasel l Decrease in Debtors
168
32
Increase / IDecrea5el in Creditors
41
Net Cash provided by l (used in) Operating Activlties
65
95
bl Analysis of Cash & Cash Equivalents
2024
2023
£'ooo
£'ooo
Cash in Hand
207
316
Notice Deposits (less than 3 Months)
2,503
2,395
Total Cash & Cash Equivalents
2,710
2,711
25 Financial Performance of the Friends of 5t Peter and St James Charitable Trust.
The Friends of St Peter& St James is a registered charity, number 288522, whose objects are to relieve the patients
of the Hospice who aresick, convalescent, disabled, handicapped orinfirm and generallyto supportthecharitable
work of the Hospice to whom the Friends of St Peter & St James are ultimately responsible. A summary of the
financial activities of the Friends of St Peter & St James is given below and these have been consolidated into the
group accounts.
51

P&L
2024
2023
Income- Donations
611
2,115
Expenditure- Charitable Activities
Net Income I (Expenditure) for the Year
611
2,115
Funds BIF a5 at 1st April
18,026
15,911
Funds Carried Forward as at 31st March
18,637
18,026
Balance Sheet
2024
2023
Current Assets
Debtors
75
Cash at Bank and in Hand
18,562
18,026
Net Assets
18,637
18.026
The Funds of the Charity
Unrestricted Funds
18,637
18,026
26 Capital Commitments
There are no capital commitments.
27 SOFA prior Year Coniparatives
Total
Total
Funds
Funds
Restricted
Designated
Unrestricted
2023
2022
Note
£'OOO's
E'OOO'S
£'OOO's
E'OOO'S
E'OOO'S
Inconie
Donations & Legacies
154
2,540
2,694
2,400
Trading Activities
1,904
1,904
1,857
Charitable Activities
141
785
926
893
Investments
29
29
12
Other Income
60
60
Total Income
295
5,318
5,613
5,162
52

Expenditure
Fundraising & Investment Activities
611
611
514
Trading Activities
1,910
1,915
1,265
Charitable Activitie5
245
2,928
3,173
2,992
Total Expenditure
245
5,449
5,699
4,771
Net Income I (Expenditure)
Operational Activities
on
50
(s)
1131)
(861
391
Net Gains I (Losses) on Investments
14,15
1291
1291
Net Income I (Expenditure) for the Year
50
(5)
(160)
(115)
398
Transfer Between Funds
20,21
12,8001
2,800
Net Movement In Funds
50
(2,8051
2,640
(115)
398
Funds BIF as at 1st April
42
3,004
3,448
6,494
6,096
Funds Carried Forward as at 31st March
92
199
6,088
6,379
6,494
28 Note 6 Expenditure- prior year
Expenditure
Direct Costs
Support Costs
Depreciation
Total 2023
Total 2022
£OOO's
£OOO's
£OOO's
£OOO's
£OOO's
Fundraising I Investment Activities
Donations, Legacie5 &
Grants
465
125
17
606
569
Investment Management
Trading Activities
470
125
17
611
573
Retail Shops
1,522
227
18
1,767
1,207
Lottery Costs
54
58
Fundraising Events
87
90
Charitable Activitie5
1,524
368
23
1,915
1,207
Inpatient Services
1,591
546
38
2,175
2.028
Community SeNices
430
265
34
729
736
Wellbeing Services
166
16
182
227
53

Education
50
34
87
2,071
I,oii
92
3,173
2,991
4,065
1,503
131
5,699
4,771
Allalysis of Support Costs
Facilities &
Support Costs
Total
Hospitalir
Siipport Service5
Gi)veriiance
EOOO'S
£OOO's
£OOO's
£OOO's
Fundraising I InvestmentActivities
Donations, Legacies & Grants
48
74
125
48
74
125
Trading Activities
Retail Shops
77
144
227
Lottery Costs
48
53
Fundraising Events
48
37
87
173
186
367
Charitable Activities
I npatient Services
214
318
14
546
Community Services
59
197
265
Wellbeing Services
83
80
166
Education
18
15
34
374
610
27
I,oii
595
870
38
1,503
54

29 Note 20 Restricted Funds- prior year
Balance I
Income in
Year
Expenditure
in Year
Transfers In I
{Outl
Balance 31
March 2023
April 2022
Restricted Revenue Fund
37
33
Inpatient services
92
92
Community Services
72
72
Wellbeing Services
88
76
12
Capital & Equipment
42
47
Total Funds
42
295
245
92
30 Note 21 Unrestricted Funds- prior year.
Gain l {Lossl
on
Balance I
April 2022
Income in
Expenditure
in Year
Investments
Transfers In
l {Out)
Balance 31
March 2023
Year
in Year
Designated Funds
Tangible Fixed Assets
2,059
12,0591
Legacy Accrual
848
18481
Capital Replacement
81
123
199
Friends of St Peter and
St James
16
1161
Total
Funds
Designated
3,004
12,8001
199
General Funds
3.448
5,318
5.449
{291
2,800
6,088
Total
Funds
Unrestricted
6,452
5,318
5,454
{29)
6,287
55

31 Analysis of Group )let Assets between Funds - prior year
Total Funds
Total Funds
2022
Unrestricted
Restricted
2023
Llnie5tricted
Restricted
£'ooo
£'ooo
E'OOO
£'ooo
£'ooo
£'ooo
Tangible Fixed Assets
2,000
2,005
2,059
2,059
Fixed Asset I nvestments
477
477
500
500
Current
Asset
Investments
2,395
2,395
1,875
1,875
other Current Assets
1,538
87
1,625
2,204
42
2,246
Current Liabilities
11231
11231
11851
11851
6,287
92
6,379
6,453
42
6,495
56