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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03240240 (England and Wales)
REGISTERED CHARITY NUMBER: 1057941

Audited Financial Statements
for the Year Ended
31 March 2024

for

Dove Cottage Day Hospice

The Rowleys Partnership Ltd
Statutory Auditors
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Dove Cottage Day Hospice

Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 10
Report of the Independent Auditors 11 to 14
Statement of Financial Activities 15
Balance Sheet 16
Cash Flow Statement 17
Notes to the Cash Flow Statement 18
Notes to the Financial Statements 19 to 29
Detailed Statement of Financial Activities 30 to 31 
Dove Cottage Day Hospice

Reference and Administrative Details
for the Year Ended 31 March 2024
TRUSTEES C R Greenwell Lawyer (appointed 1.3.24)
C L Henry Business Consultant (appointed 1.4.23)
M A Oldershaw Retired Counsellor & Chaplaincy Lead
(appointed 1.4.23)
K J Oliver GP (appointed 1.4.23)
M Quilter Retired Businessman (appointed 1.4.23)
C P Rowley Retired (appointed 1.4.23) (resigned 31.3.24)
J L E Jesson Self-Employed Builder & Agri Contractor
(resigned 14.11.23)
REGISTERED OFFICE Dove Cottage Day Hospice
Canal Lane
Stathern
Melton Mowbray
Leicestershire
LE14 4EX
REGISTERED COMPANY NUMBER 03240240 (England and Wales)
REGISTERED CHARITY NUMBER 1057941
AUDITORS The Rowleys Partnership Ltd
Statutory Auditors
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP
SOLICITORS Knights plc
34 Pocklingtons Walk
Leicester
LE1 6BU
BANKERS TSB
Henry Duncan House
120, George Street,
Edinburgh,
EH2 4LH 
Page 1

Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended31March2024.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The twenty eighth Annual Report records a further year of the achievement of the aims of the charity.

Thefocusofallofthecharity'sactivitiesistheguests,theirfamiliesandcarerswesupport.The continuance
ofthisworkisdependentupontheon-goingvoluntarysupport,yearbyyear,ofthelocal community.
Withoutthis,thepresentlevelandstandardofcarecouldnotbemaintained.Thissupportisitself built
upon the charity's reputation for providing high quality care.

OVERALL PURPOSE

DoveCottageisavoluntaryorganisationthatcaresforupto100familieseveryweekthatareaffected by
incurablelife-limitingconditions.OurhospiceisbasedatStathernnearMeltonMowbray.Ourcare services
areprovidedfreeofcharge.Ourincomecomesfromavarietyofsources,themajorityofwhichis raised
locally.

Our Aim

Ouraimistomaximisethequalityoflifeforthoselivingwithlife-limitingillnesseswithinour local
community.Todeliveraservicethatisaccessible,thatshowscompassion,isdignifiedandgivescare to
those families in need and offers respite for carers.

Our Mission

DoveCottageaimstodeliverthebestpossiblecarethrougharangeofservices,includingnursingcare, the
provisionofinformation,emotionalsupport,therapeuticanddiversionaltherapies.Throughsuch activities
we hope to maximise self-reliance, minimise dependency and promote confidence and self-esteem.

Weaimtoofferasupportsystemandvaluablerespitecaretothefamilyduringthepatient'sillnessand in
theirbereavement.Weworkinpartnershipwithothercareproviderstoensurethattheneedsofthe family
are met to the highest level possible.

We are fully compliant with all relevant regulators.

We believe in transparency and good stewardship.

Toensurethattheserviceprovisionissustainableandcontinuouslyimprovedtomatchtheevolvingneeds of
our local area.

Our Values

C aring
A bove  and beyond
R espect
I  ntegrity
N urturing
G iving

STRUCTURE, GOVERNANCE AND MANAGEMENT

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Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

Trustee Board Members

TheboardisresponsiblefortheoverallgovernanceoftheCharity.(TheChiefExecutiveisresponsiblefor the
day-to-day management and for implementing policy.)

Theboardhasuptotenmembers.MembersoftheboardareelectedattheAnnualGeneralMeeting.A third
ofthemembershiphastoretireeachyear.Retiringmembersmaystandforre-electionandmayserve for
nineconsecutiveyears.Theboardcarriesoutaregulartrusteeskillsaudittoidentifytheindividualskills and
experiencethatitneedstohaverepresentedinitsmembershipinordertoproperlydischarge its
responsibilities.Candidatesfromthelocalcommunityforelectiontotheboardmaybeproposedeither by
the board itself or through open advert set against the skill set being sought.

Priortoelectionorappointment,aprospectiveboardmembermeetswiththeChairman,ChiefExecutive and
withoneormoretrusteesinordertobeabletoappreciatethenatureoftheroleofbeingatrusteeof Dove
Cottage,ofbeingadirectorofthecompanyandofthescopeoftheCharity'sservicesandofits work
togetherwithinformationonthefinancialstatusofthecompany.Thereisaninductionprogrammefor new
trustees in order to enable them to contribute effectively as members of the board.

Liability of Members

TheCharityisacompanylimitedbyguaranteeandisgovernedbyitsMemorandumandArticles of
Associationdated21stMarch2023.Ithasnosharecapital.TheMemorandumofAssociationprovides that
everymemberwhilsthe/sheisamemberorwithinoneyearafterhe/sheceasestobeamemberisliable to
contribute a sum not exceeding £10.00 in the event of the company being wound up.

Governance

Theboardmeetssixtimesayear.Duetothelimitedsizeoftheorganisationthereisnocommittee structure
in place.

TheTrusteeshaveregardtothematterssetoutinSection172(1)(a)to(f)whenperformingtheirduty under
S172 of the Companies Act.

IMPACT

The objects of the charity are as follows:

Wetakeseriouslyequalityanddiversityinourethostobeacceptingofallguestsandprovideasafe, secure,
andpleasantsocialenvironment.Allstaffandvolunteersarewelcoming,andourdaycareprovision includes
familysupport,accesstoabathandcomplementarytherapies,opportunitiesforsocialinteraction, faith
explorationandavastarrayofcreativetherapiesandgardening,inexceptionallypleasantandpeaceful rural
surroundings.Wevalueveryhighlytheindividual'srighttochoosehowtheyspendtheirdayandmake every
effort to offer choice and encourage independence taking into consideration any known risks.

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Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

Ourdaycareserviceplacesareofferedfourdaysperweek.Inthepastyearwehaveendeavouredto provide
amorerehabilitativemodelofsupportonMonday's,forpeoplewhoaremoreindependentandtheir carers.
Inaddition,monthlyonlinedementiasupportgroupsforcarersareheldmonthlyandaweeklyhome sitting
serviceforthoselivingwithdementiaisinplacetogivecarerssomerespite.Wealsohelda monthly
wellbeing and support day in Empingham, Rutland, for persons living with terminal illness and their carers.

AllusersofourserviceshaveaccesstoseniornursingstaffandtheRegisteredManageriftheyhave any
problems or issues that they wish to discuss.

TheTrusteeshavepaiddueregardtoguidanceissuedbytheCharityCommissionindecidingwhat activities
the charity should undertake.

Achievements in Provision of care

TheservicesofferedbyDoveCottageareavailableforindividualsovertheageof18years,witha diagnosis
ofcancerwherethetreatmentispalliativeinnatureandforindividualswhoarelivingwithother advanced,
progressive, incurable diseases, including those with physical disability and sensory impairment.

Thecriteriaforattendancecanresultinawiderangeofabilitiesandneeds.Inviewofthis,all individuals
willhaveaholisticnursingassessmentcarriedoutinthecomfortoftheirownhomebyoneofthe registered
nurses.  This assessment looks at the person as a whole and is very much needs led.

TheDoveCottagepremisesaregroundlevelbuildingsaccessibletoindividualswhousewheelchairsand have
impairedmobility.Wehavelargeairyroomsandspaceforpeopletobewithothersortobe alone.
Additionalroomsareavailableforcomplementarytherapies,individualcare,socialactivitiesand spiritual
support.Weaimtopromoteahomelyandpeacefulatmosphereinwhichcreativityandpersonalgrowth can
be facilitated.

Ouraimistomaximisethequalityoflifeofthosewhoattendbyofferingarangeofservices,including the
provisionofinformation,signposting,emotionalsupport,andtherapeuticanddiversionaltherapies. Through
suchactivitieswehopetopromoteandencourageindependence,minimisedependencyand increase
confidence and self-esteem.

Weaimtoofferasupportsystemandvaluablerespitecaretothefamilyduringthepatient'sillnessand in
their bereavement.

Referralstoallserviceshaveremainedstablethroughoutthereportingyear,althoughwehadawaiting list
atthebeginningoftheyear.Wehavetriagedappropriatelyandnowholdnowaitinglistwiththe individuals
with the greatest need and shortest prognosis being prioritised.

Theregisteredmanagerisresponsibleforallclinicalactivity,alongsidetheClinicalLeadandallcare is
providedbyateamofhighcalibrenursesandhealthcareassistants.Theteamissupportedbyateam of
trained volunteers, complementary therapists with practising privileges and volunteer chaplains.

Referralsareacceptedfromallhealthandsocialcareprofessionalsaswellasself-referrals.Referralsto all
serviceshaveincreasedduringthereportingperiodandsufficientclinicalstaffinglevelsandskillsmix were
maintainedtomanageallpresentingpatientneeds.Staffinglevelsandrequirementsoftheservice are
closelymonitored.TheRegisteredManagerreportstotheTrusteesateachTrusteemeetingonthe clinical
aspect of the service.

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Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

Theboardmonitorstheclinicalactivityregularlyinordertoensureboththatthecharity'sresources are
beingusedeffectivelyandthatitisobtaining'valueformoney'fromthefundsbeingspenton service
provision.

Clinical Services -

LOROS Hospice

DoveCottageisasubsidiarycharityofLOROS.LOROSHospice,alargeinpatienthospicewhichalso provides
communityservices,outpatientservices,research,education,anddayservices,basedinLeicester.Since its
establishmentin1985,LOROShasbeencaringforpatientslivingwithaterminalillness,andtheir families,
acrossLeicester,LeicestershireandRutlandandhasdevelopedintoasuccessfullocalcharity.Since its
mergerwithLOROSbychangeofcontrolin2023,DoveCottagehasextendeditsdayprovisionbyaday a
weekandundertakenanextensiveimprovementprogrammetoaddressrecommendationssetoutinthe most
recentreportoftheCareQualityCommission.Withthesupportthelocalcommunity,anewsensory garden
was opened in summer 2024, for the benefit of guests and their families.

Future plans

Thiscomingyear,theboardwillpublishastrategicplancoveringtheperiod2024-27.Thefollowing five
priorities are at the heart of the new strategy.

Strategic Priorities

TheBoardhaveclassifiedthestrategicprioritiesforthenextthreeyearsintofourbroadcategoriesas set
out below.
Services: Review all service provision to assess the optimum model for delivery of high-quality
care.
Strive to enhance the quality of current services and ensure that any new services are
to the same high standards.
Development of more evidence-based outcomes from the services provided to assist
with funding requests.
People: To ensure that staff are well-trained and set clear objectives in line with the
organisational aims.
To ensure that volunteer numbers are maintained and enhanced, ensuring that we use
the knowledge and experience of volunteers effectively.
To value the contribution of all staff and volunteers ensuring that communication is
enhanced, and successes celebrated.
Finance and To ensure that financial stability is enhanced to be able to provide continuity of
Sustainability: services.
Look at ways to improve efficiencies and effectiveness. 
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Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024
Implement more detailed plans for income generation to obtain higher levels of income
and supporter engagement.
Governance and Ensure compliance with regulatory standards and that Dove Cottage operates in line
Leadership: with its governing documents.
Ensure that the governance framework in place is enhanced and that the Board
regularly reviews its performance both as a body and as individual trustees.
Ensure that there is a strong and effective risk management system in place and that
appropriate board policies are maintained.

PUBLIC BENEFIT

Dove Cottage Day hospice aims to provide a public benefit in the following manner -

RELATIONSHIPS WITH OTHER BODIES

Inco-ordinatinganddevelopingpatientservicesDoveCottage,asan"independentprovider",works closely
with other local health providers both within the statutory and voluntary sectors.

DoveCottages'NHSGrantFundinghasbeenprovidedthroughtheLeicester,Leicestershireand Rutland
Integrated Care Board.

WhilsttheNHSprovideslessthan3%ofthecharity'sannualrevenueDoveCottagedoesrelyheavilyupon the
continuityofprovisionoftheNHSincome(whetherbygrantorthroughsomeotherformofagreement) and
any reduction in this funding would have a direct impact upon the level of service provision.

Care Quality Commission (CQC)

ThelastCQCinspectionwasinApril2022whenwewereratedas'Good'in2areasand 'Improvement
Required'in3areasWeweredisappointedbythefindingsfromthelatestinspection.AnActionPlanwas put
in place to address the deficiencies identified.

SincethemergerwithLOROSHospiceandappointmentofanewRegisteredManagerandClinicalLead we
havecontinuedtoaddresstheactionplanandmademanyimprovements,particularlyfocussingin the
following areas -

Page 6

Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

We have communicated these improvements to CQC and have had no further inspection to date.

FINANCIAL REVIEW

The2023/2024financialyearcontinuedtohaveaboveaverageinflation,thegeneralimpactof the
cost-of-livingcrisisonpeoples'financesandthestateoftheeconomygenerallyprovidedadifficultbasis for
theyear.Assaidlastyeartheseimpactstogetherwiththeneedtoimplementanewmanagement structure
andspendingtoimprovefacilitiesprovidedchallenges.Onceagain,theHospicehasreceivedagoodlevel of
legacies which has helped to maintain reserves at a satisfactory level.

Thedirectorsseektobalancecarefullythedemonstrationoffinancialprudencewithaneedto maximise
spendingonguestservicesfromdonatedfunds.Theyareoftheviewthatthe2024/2025financialyear will
continue to be challenging and as normal, they will monitor finances closely throughout the year.

A surplus of £174,440 (2023: £12,638) was recorded in the financial year.

COST OF PROVISION OF CARE (Activities in furtherance of the objects of the charity)

Charitable Activities

The cost of charitable activities at £634,608 (2023: 610,160) was up 4% on the previous year.

INCOMING RESOURCES

Section162aoftheCharitiesAct2011requirescharitiestomakeastatementregarding fundraising
activities.AlthoughDoveCottagedoesnotundertakewidespreadfundraisingfromthegeneral public,
certainlyoutsideofNELeicestershire,Rutland,SENottinghamshireandSWLincolnshire,the legislation
definesfundraisingas'solicitingorotherwiseprocuringmoneyorotherpropertyforcharitable purposes."
Such amounts receivable are presented in our accounts as 'voluntary income' and include legacies and grants.

Inrelationtotheabove,weconfirmthatallsolicitationsaremanagedinternally.The day-to-day
managementofallincomegenerationisdelegatedtothemanagementteam,whoareaccountableto the
trustees.

TheCharityisnotboundbyanundertakingtobeboundbyanyregulatoryschemebutismindfulof and
adherestotheFundraisingRegulatorsCodeofPractice,CharityCommissionGuidelinesand Regulations,
Gambling Commission and Data Management enforced by the Information Commissioners' Office.

ThecharityhasaSafeguardingPolicywhichservestoprotectnotonlyourownstaffbutalsothose people
deemedtobevulnerablewithwhomDoveCottagemaycomeintocontactthroughfundraising activities
includingserviceinourshopsandcontactatorthroughfundraisingevents.Unreasonable intrusion,
persistent approaches and undue pressure are not acceptable.

National Health Service (NHS)

Lessthan3%ofcurrentunrestrictedcharitableexpenditurewascoveredbygrantsfromtheNHSfroma single
discretionarygrant.Theoverallamountbeing£30,380,thisremainedthesameasthepreviousyearwith no
upliftreceivedsince2021anddoesnotreflecttheinflationarypressuresandhighenergycostson the
hospice.

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Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

Donations, legacies and similar incoming resources

ApartfromtheNHSmonies,theCharityheavilyrelieduponthecontinuedgenerosityofthepeople and
organisationsofLeicestershire,Nottinghamshire,LincolnshireandRutland.Theincomereceivedinthe year
was £472,962 (2023: £331,370), 42% more than last year.

Fundraising

DoveCottageundertakesanumberoffundraisingactivitiestogeneratevoluntarydonationstowardsour core
work.Theboardvalueshighlythesubstantialamountthatisraisedeachyearfromthelocalcommunity by
wayofvoluntaryincome.Ourfundraisingisemployeeandvolunteerled.Wedonotemploytheservices of
external agencies for general fundraising.

Trustsandgrantincomehasalwaysmadeupahighproportionofincome,thelastfinancialyearwe have
increasedourresourcesinthisarea.Allowingustodoubleourincomeandobtainedanumberof restricted
grants, which have helped us improve services to guests and facilities.

Wearecommittedtobuildingtrustwithoursupporters,whichiswhywearemembersofthe Fundraising
Regulator and Charity Retail Association.

During the financial year 2023-2024 we received no complaints relating to our fundraising activity.

Dove Cottage shops

Dove Cottage operates four physical shops and three eBay shops.

The overall reported profit contribution of £48,140 was 30% up on the previous year.

Someyearsago,aschemetoenableretailgiftaidtobeclaimedonsomedonationsthroughthecharity was
launched. This financial year we have generated £12,121 from retail gift aid.

Theshopsdependuponlocalsupportbothforthesuppliesofgoodqualitydonateditems,fromwhich the
shops derive nearly all of their profits, and for sufficient numbers of volunteer helpers.

Legacies

Legaciescanbethecharity'slargestsinglesourceofincomebuttheleveleachyearcan fluctuate
significantly.Thisyearlegacyincomeof£288,228represented65%ofDoveCottages'totalvoluntary income
(comparedwith39%in2022/23,29%in2021/22,5%in2020/21and1%in2019/20).Theamountof legacy
incomeaccountedforcanmakeaverygreatdifferencetotheoverallresults.Legacyincome is
unpredictable,becauseofthepotentialforsignificantfluctuationstheboardiscircumspectinthedegree to
which, in any one year, it relies upon legacy income in order to fund the on-going revenue expenditure.

Volunteers

Inadditiontotheincomeevaluatedinthestatementoffinancialactivities,thecharityisdependent upon
thesupportofapproximately140regularvolunteers.Volunteeractivitiesspanthewholerangeof functions
fromfundraisingtoserviceprovision.Thedirectorsareoftheopinionthatitwouldbeimpractical to
attempt to quantify the value of work done by volunteers.

Page 8

Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

RESERVES POLICY

TheCharityCommissionconsideritprudenttoretainanappropriateleveloffreereservesfor the
maintenanceofessentialservicesforbeneficiaries.Ourreserveshelptoaddresstheriskstoourservice users
(inparticular,vulnerableguests),aswellasourstaff,shouldasignificantfallinfundingstreamsoccur that,
withoutthepresenceofreserves,mayleadtoanunplannedclosureofthewholeorpartoftheservice. We
feelitessentialthatenoughreservesareheldtoenableustocontinueoperatingforaperiodwhere we
wouldseekalternativeincomestreams,andifthisprovedtonotbethecaseamanagedclosureofthe whole
or part of the service.

Thebenchmarkforourreservesisbasedonannualexpendituresinceourincomestreamsarenot guaranteed
andaresubjecttovariation.Thecurrentpolicyistomaintainreservesat50%ofannualexpenditure. In
addition,itwasagreedtohavespecificreservesof£50,000forbothvehiclereplacementsandbuildings. The
target range for reserves will be subject to periodic review by the Trustees.

Thereserves(includingdesignatedfunds)attheyear-endamountedto£698,366upfrom£523,926. These
aresplitbetweenUnrestrictedfundsof£389,779,Designatedfundsof£275,000andRestrictedfunds of
£33,587.

Thetotalreservesat31March2024areinexcessoftheamountrequiredbytheReservesPolicy. However,
duetothebudgetsinplacefor2024/2025,thedirectorsbelievethattheexcesswillbereducedduring the
current year.

SUMMARY

DespitethesignificantissuesintheUKeconomyoverthelastyear,DoveCottagehaslargelybeenable to
sustainitsrangeandlevelofclinicalactivitieswhichprovidesuchexcellentandvaluedcareandsupport for
guestsandfamilymembersacrossNELeicestershire,SENottinghamshire,SWLincolnshireandRutland. The
overallfinancialpositionisbeingmonitoredverycarefullyandwillremainakeyfocusinallthatcan be
achieved going forwards in such a volatile time.

Thanksmustbeexpressedtothepeopleandorganisationswithinourgeographicalareaswhohave enabled
DoveCottagetoachievesomuchandwhohavecontributedtotheraisingofahugeamountof voluntary
incomeintheyear.ItisthepartnershipbetweenDoveCottage,theNHSandthewidercommunitythat has
over the years enabled the aims of Dove Cottage to be realised.
Noneofwhathasbeensetoutcouldhavebeenachievedwithoutthehardworkanddedicationof Dove
Cottages'skilledstaffandvolunteers.Theboardthanksallofthestaffandvolunteersfortheir commitment
to the work of the Charity.

ThedirectorsareconfidentthatDoveCottagehasanimportantandcontinuingplaceasaprovider of
high-qualitycare,asanupholderoftheethosandvaluestowhichithasalwaysheldandasanadvocate for
guests and their families.

STRATEGIC REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.

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Dove Cottage Day Hospice

Report of the Trustees
for the Year Ended 31 March 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

Thetrustees(whoarealsothedirectorsofDoveCottageDayHospiceforthepurposesofcompanylaw) are
responsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordance with
applicablelawandUnitedKingdomAccountingStandards(UnitedKingdomGenerallyAccepted Accounting
Practice).

Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgivea true
andfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesand application
ofresources,includingtheincomeandexpenditure,ofthecharitablecompanyforthatperiod.In preparing
those financial statements, the trustees are required to

Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonable accuracy
atanytimethefinancialpositionofthecharitablecompanyandtoenablethemtoensurethatthe financial
statementscomplywiththeCompaniesAct2006.Theyarealsoresponsibleforsafeguardingtheassetsof the
charitablecompanyandhencefortakingreasonablestepsforthepreventionanddetectionoffraud and
other irregularities.

In so far as the trustees are aware:

AUDITORS

Theauditors,TheRowleysPartnershipLtd,willbeproposedforre-appointmentattheforthcoming Annual
General Meeting.

Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees,as the
company directors, on 31 October 2024 and signed on the board's behalf by:

C L Henry - Trustee

Page 10

Report of the Independent Auditors to the Members of
Dove Cottage Day Hospice

Opinion

WehaveauditedthefinancialstatementsofDoveCottageDayHospice(the'charitablecompany')for the
yearended31March2024whichcomprisetheStatementofFinancialActivities,theBalanceSheet,the Cash
FlowStatementandnotestothefinancialstatements,includingasummaryofsignificant accounting
policies.Thefinancialreportingframeworkthathasbeenappliedintheirpreparationisapplicablelaw and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK)) and
applicablelaw.Ourresponsibilitiesunderthosestandardsarefurtherdescribedinthe Auditors'
responsibilitiesfortheauditofthefinancialstatementssectionofourreport.Weareindependentof the
charitablecompanyinaccordancewiththeethicalrequirementsthatarerelevanttoourauditof the
financialstatementsintheUK,includingtheFRC'sEthicalStandard,andwehavefulfilledourother ethical
responsibilitiesinaccordancewiththeserequirements.Webelievethattheauditevidencewe have
obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasis of
accounting in the preparation of the financial statements is appropriate.

Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingto events
orconditionsthat,individuallyorcollectively,maycastsignificantdoubtonthecharitablecompany's ability
tocontinueasagoingconcernforaperiodofatleasttwelvemonthsfromwhenthefinancialstatements are
authorised for issue.

Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedin the
relevant sections of this report.

Other information

Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisesthe information
includedintheAnnualReport,otherthanthefinancialstatementsandourReportofthe Independent
Auditors thereon.

Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttothe extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheother information
and,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththe financial
statementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If we
identifysuchmaterialinconsistenciesorapparentmaterialmisstatements,wearerequiredto determine
whetherthisgivesrisetoamaterialmisstatementinthefinancialstatementsthemselves.If,basedon the
workwehaveperformed,weconcludethatthereisamaterialmisstatementofthisotherinformation, we
are required to report that fact.  We have nothing to report in this regard.

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Report of the Independent Auditors to the Members of
Dove Cottage Day Hospice

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

Inthelightoftheknowledgeandunderstandingofthecharitablecompanyanditsenvironmentobtained in
the course of the audit, we have not identified material misstatements in the Report of the Trustees.

WehavenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresus to
report to you if, in our opinion:

Responsibilities of trustees

AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealso the
directorsofthecharitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparation of
thefinancialstatementsandforbeingsatisfiedthattheygiveatrueandfairview,andforsuch internal
controlasthetrusteesdetermineisnecessarytoenablethepreparationoffinancialstatementsthatare free
from material misstatement, whether due to fraud or error.

Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitable company's
abilitytocontinueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernand using
thegoingconcernbasisofaccountingunlessthetrusteeseitherintendtoliquidatethecharitable company
or to cease operations, or have no realistic alternative but to do so.

Page 12

Report of the Independent Auditors to the Members of
Dove Cottage Day Hospice

Our responsibilities for the audit of the financial statements

Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawhole are
freefrommaterialmisstatement,whetherduetofraudorerror,andtoissueaReportofthe Independent
Auditorsthatincludesouropinion.Reasonableassuranceisahighlevelofassurance,butisnota guarantee
thatanauditconductedinaccordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhen it
exists.Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorin the
aggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthe basis
of these financial statements.

Irregularities,includingfraud,areinstancesofnon-compliancewithlawsandregulations.We design
proceduresinlinewithourresponsibilities,outlinedabove,todetectmaterialmisstatementsinrespect of
irregularities,includingfraud.Theextenttowhichourproceduresarecapableofdetecting irregularities,
including fraud is detailed below:

Becauseoftheinherentlimitationsofanaudit,thereisariskthatwewillnotdetectall irregularities,
includingthoseleadingtoamaterialmisstatementinthefinancialstatementsornon-compliance with
regulation.Thisriskincreasesthemorethatcompliancewithalaworregulationisremovedfromthe events
andtransactionsreflectedinthefinancialstatements,aswewillbelesslikelytobecomeawareof instances
ofnon-compliance.Theriskisalsogreaterregardingirregularitiesoccurringduetofraudratherthan error,
as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedon the
FinancialReportingCouncil'swebsiteatwww.frc.org.uk/auditorsresponsibilities.Thisdescriptionforms part
of our Report of the Independent Auditors.

Other matters which are required to address

Thecorrespondingfiguresinthesefinancialstatementswereunaudited.Wehaveobtainedsufficient and
appropriate audit evidence that the opening balances do not contain material misstatements.

Page 13

Report of the Independent Auditors to the Members of
Dove Cottage Day Hospice

Use of our report

Thisreportismadesolelytothecharitablecompany'smembers,asabody,inaccordancewithChapter3 of
Part16oftheCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstateto the
charitablecompany'smembersthosematterswearerequiredtostatetotheminanauditors'reportand for
nootherpurpose.Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibility to
anyoneotherthanthecharitablecompanyandthecharitablecompany'smembersasabody,forour audit
work, for this report, or for the opinions we have formed.

Lisa G Parkes FCA FCCA (Senior Statutory Auditor)
for and on behalf of The Rowleys Partnership Ltd
Statutory Auditors
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

31 October 2024

Page 14

Dove Cottage Day Hospice

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
398,469
Raising funds
4
360,606
Investment income
5
6,681
Total
765,756
EXPENDITURE ON
Charitable activities
6
General
394,644
Charity shops
227,225
Rutland Hospice
3,034
Total
624,903
NET INCOME
140,853
Transfers between funds
16
8,748
Net movement in funds
149,601
RECONCILIATION OF FUNDS
Total funds brought forward
523,926
TOTAL FUNDS CARRIED FORWARD
673,527		 Restricted
funds
£
41,292
-
-
41,292
7,705
-
-
7,705
33,587
(8,748)
24,839
-
24,839		 2024
Total
funds
£
439,761
360,606
6,681
807,048
402,349
227,225
3,034
632,608
174,440
-
174,440
523,926
698,366		 2023
Total
funds
£
287,267
333,356
2,175
622,798
349,626
243,668
16,866
610,160
12,638
-
12,638
511,288
523,926 
The notes form part of these financial statements

Page 15

Dove Cottage Day Hospice (Registered number: 03240240)

Balance Sheet

31 March 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
12
32,918
CURRENT ASSETS
Debtors
13
238,081
Cash at bank and in hand
434,837
672,918
CREDITORS
Amounts falling due within one year
14
(32,309)
NET CURRENT ASSETS
640,609
TOTAL ASSETS LESS CURRENT LIABILITIES
673,527
NET ASSETS
673,527
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
24,839
24,839
-
24,839
24,839
24,839		 2024
Total
funds
£
32,918
238,081
459,676
697,757
(32,309)
665,448
698,366
698,366
673,527
24,839
698,366		 2023
Total
funds
£
365
24,124
554,768
578,892
(55,331)
523,561
523,926
523,926
523,926
-
523,926		 
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
31 October 2024 and were signed on its behalf by:

C L Henry - Trustee

The notes form part of these financial statements

Page 16

Dove Cottage Day Hospice

Cash Flow Statement

for the Year Ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2024
£
(65,429)
(65,429)
(36,344)
6,681
(29,663)
(95,092)
554,768
459,676		 2023
£
52,501
52,501
(424)
2,175
1,751
54,252
500,516
554,768		 
The notes form part of these financial statements

Page 17

Dove Cottage Day Hospice

Notes to the Cash Flow Statement
for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Increase in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 2024
£
174,440
3,426
365
(6,681)
(185,174)
(51,805)
(65,429)		 2023
£
12,638
49,755
-
(2,175)
(12,213)
4,496
52,501

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 554,768 (95,092) 459,676
554,768 (95,092) 459,676
Total 554,768 (95,092) 459,676 
The notes form part of these financial statements

Page 18

Dove Cottage Day Hospice

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. CHARITY INFORMATION

DoveCottageDayHospiceisaprivatecompanylimitedbyguaranteeEnglandandWales.The address
of the charity is given in the charity information on page 1 of these financial statements.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.

Thefinancialstatementshavebeenpreparedasagoingconcernunderthehistoricalcost convention
exceptforthevaluationoninvestmentassetswhereappropriate,whichareshownatmarket value.
Thefinancialstatementsarepresentedinsterlingwhichisthefunctionalcurrencyofthecharity and
roundedtothenearest£1.Thesignificantaccountingpoliciesappliedinthepreparationof these
financial statements are set out below.

Critical accounting judgements and key sources of estimation uncertainty

Intheapplicationofthecharity'saccountingpolicies,theTrusteesarerequiredtomake judgements,
estimatesandassumptionsaboutthecarryingamountofassetsandliabilitiesthatarenot readily
apparentfromothersources.Theestimatesandassociatedassumptionsarebasedon historical
experienceandotherfactorsthatareconsideredtoberelevant.Actualresultsmaydifferform these
estimates.

Theestimatesandunderlyingassumptionsarereviewedonanongoingbasis.Revisionsto accounting
estimatesarerecognisedintheperiodinwhichtheestimateisrevisedwheretherevisionaffects only
thatperiod,orintheperiodoftherevisionandfutureperiodswheretherevisionaffectsboth current
and future periods.

Income

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.

Cashdonationsarerecognisedonreceipt.Otherdonationsarerecognisedoncethecharityhas been
notifiedofthedonation,unlessperformanceconditionsrequiredeferraloftheamount.Income tax
recoverableinrelationtodonationsreceivedunderGIftAidordeedsofcovenantisrecognisedat the
time of the donation.

Legaciesarerecognisedonreceiptorotherwiseifthecharityhasbeennotifiedofan impending
distribution,theamountisknown,andreceiptisexpected,Iftheamountisnotknown,thelegacy is
treated as a contingent asset.

continued...

Page 19

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.

Expenditureisrecognisedonanaccrualbasisasaliabilityisincurred.Expenditureincludesany VAT
which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costsofgeneratingfundscomprisethecostsassociatedwithattractingvoluntaryincomeand the
costs of trading for fundraising purposes including the charity's shop.

Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofits activities
andservicesforitsbeneficiaries.Itincludesbothcoststhatcanbeallocateddirectlytosuch activities
and those costs of an indirect nature necessary to support them.

Tangible fixed assets

Tangiblefixedassetsareinitiallymeasuredatcostandsubsequentlymeasureatcostorvaluation, net
of depreciation and any impairment losses.

Depreciationisrecognisedsoastowriteoffthecostorvaluationofassetslesstheirresidual values
over their useful lived on the following basis:
Property improvements Straight line over ten years
Tea room Straight line over three years
Fixtures & equipment Straight line over three years
Barn conversion Straight line over three years
Motor vehicles Straight line over three years 
Thegainorlossarisingonthedisposalofanassetisdeterminedasthedifferencebetweenthe sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Related party exemption

Thecharitablecompanyhastakenadvantageofexemption,underthetermsofFinancial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland',not to
disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.

continued...

Page 20

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Fund accounting

DesignatedfundsareunrestrictedfundswhichareavailableforuseatthediscretionoftheTrustees in
furtherance of their charitable objectives which have been reserved for a specific purpose.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

Debtors

Shorttermdebtorsaremeasuredattransactionprice,lessanyimpairment.Loansreceivable are
measuredinitiallyatfairvalue,netoftransactioncosts,andaremeasuredsubsequentlyat amortised
cost using the effective interest method, less any impairment.

Creditors

Shorttermcreditorsaremeasuredatthetransactionprice.Otherfinancialliabilitiesare measured
initiallyatfairvalue,netoftransactioncosts,andaremeasuredsubsequentlyatamortisedcost using
the effective interest method.

Pension costs and other post-retirement benefits

Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesin the
period to which they relate.

Financial instruments

Thecharityonlyhasfinancialassetsandfinancialliabilitiesofakindthatqualifyasbasic financial
instruments.Basicfinancialinstrumentsareinitiallyrecognsiedattransactionvalueand subsequently
measuresattheirsettlementvaluewiththeexceptionofbankloans,whichare subsequently
measured at amortised cost using the effective interest method.

Basicfinancialassets,whichincludedebtorsandcashandbankbalances,areinitiallymeasured at
transactionpriceincludingtransactioncostsandaresubsequentlycarriedatamortisedcostusing the
effectiveinterestmethodunlessthearrangementconstitutesafinancingtransaction,where the
transactionismeasuredatthepresentvalueofthefuturereceiptsdiscountedatamarketrate of
interest. Financial assets classified as receivable within one year are not amortised.

Basicfinancialliabilities,includingcreditorsandbankloansareinitiallyrecognisedat transaction
priceunlessthearrangementconstitutesafinancingtransaction,wherethedebtinstrument is
measuredatthepresentvalueofthefuturepaymentsdiscountedatamarketrateof interest.
Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Tradecreditorsareobligationstopayforgoodsorservicesthathavebeenacquiredinthe ordinary
courseofoperationsfromsuppliers.Amountspayableareclassifiedascurrentliabilitiesifpayment is
duewithinoneyearorless.Ifnot,theyarepresentedanon-currentliabilities.Tradecreditors are
recognisedinitiallyattransactionpriceandsubsequentlymeasuredatamortisedcostusing the
effective interest method.

Financialliabilitiesarederecognisedwhenthecharity'scontractualobligationsexpireor are
discharged or cancelled.

continued...

Page 21

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments

Employee benefits

Thecostofanyunusedholidayentitlementisrecognisedintheperiodinwhichthe employee's
services are received.

Terminationbenefitsarerecognisedimmediatelyasanexpensewhenthecharityis demonstrably
committed to terminate the employment of an employee or to provide termination benefits.

Going concern

Atthetimeofapprovingthefinancialstatements,theTrusteeshaveareasonableexpectation that
thecharityhasadequateresourcestocontinueinoperationalexistencefortheforeseeable future.
ThustheTrusteescontinuetoadoptthegoingconcernbasesofaccountinginpreparingthe financial
statements.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations (Gift Aided)
Donations (non-Gift Aided)
Legacies
Grants
Trusts
Tax receipts from HMRC		 2024
£
12,399
5,941
288,228
71,672
49,400
12,121
439,761		 2023
£
33,785
10,180
110,802
68,437
54,250
9,813
287,267 
Grants received, included in the above, are as follows:
Leicester & Rutland PCT
Annexe income
Screwfix
BNA Charity
Leicestershire & Rutland Community Fund
Melton Borough Council
CO-OP
The Morrisons Foundation
Belvoir Rotary
Ragdale Hall		 2024
£
24,630
-
-
8,000
3,000
24,700
642
8,980
970
750
71,672		 2023
£
24,649
39,800
3,988
-
-
-
-
-
-
-
68,437 
continued...

Page 22

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. RAISING FUNDS

Fundraising events
Charity shop
In memorium
Tea Room income
Guests transport
INVESTMENT INCOME
Deposit account interest
CHARITABLE ACTIVITIES COSTS
General
Charity shops
Rutland Hospice
SUPPORT COSTS
General		 Direct
Costs
£
389,999
227,225
3,034
620,258		 2024
2023
£
£
56,932
44,103
275,365
280,753
9,380
3,683
8,204
4,817
10,725
-
360,606
333,356
2024
2023
£
£
6,681
2,175
Support
costs (see
note 7)
Totals
£
£
12,350
402,349
-
227,225
-
3,034
12,350
632,608
Governance
costs
£
12,350

5. INVESTMENT INCOME

6. CHARITABLE ACTIVITIES COSTS

7. SUPPORT COSTS

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Auditors' remuneration 12,350 -
Independent examination fees - 5,000
Depreciation - owned assets 3,426 49,755
Deficit on disposal of fixed assets 365 - 
continued...

Page 23

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. TRUSTEES' REMUNERATION AND BENEFITS

NoneoftheTrustees(oranypersonsconnectedwiththem)receivedanyremunerationduring the
year.

Trustees' expenses

During the year the following Trustees were paid for general expenses and mileage:
C Henry - £94

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charitable facilities
Governance costs		 2024
£
382,576
19,142
12,930
414,648
2024
36
-
36		 2023
£
337,725
10,006
8,975		 2023
£
337,725
10,006
8,975
356,706
2023
34
3
37		 
No employees received emoluments in excess of £60,000.

Remuneration of key management personnel

Thetotalamountofemployeebenefitsreceivedbykeymanagementpersonnelis£52,437(2023 -
£57,702).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
243,479
Raising funds
333,356
Investment income
2,175
Total
579,010
EXPENDITURE ON
Charitable activities
General
297,935		 Restricted
funds
£
43,788
-
-
43,788
51,691		 Total
funds
£
287,267
333,356
2,175
622,798
349,626 
continued...

Page 24

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
Charity shops
243,668
Rutland Hospice
16,866
Total
558,469
NET INCOME/(EXPENDITURE)
20,541
Transfers between funds
(6,684)
Net movement in funds
13,857
RECONCILIATION OF FUNDS
Total funds brought forward
510,069
TOTAL FUNDS CARRIED FORWARD
523,926
12.
TANGIBLE FIXED ASSETS
Property
improvements
£
COST
At 1 April 2023
562,209
Additions
-
Disposals
-
At 31 March 2024
562,209
DEPRECIATION
At 1 April 2023
562,209
Charge for year
-
Eliminated on disposal
-
At 31 March 2024
562,209
NET BOOK VALUE
At 31 March 2024
-
At 31 March 2023
-
Restricted
funds
£
-
-
51,691
(7,903)
6,684
(1,219)
1,219
-
Tea room
£
16,463
-
-
16,463
16,463
-
-
16,463
-
-		 Total
funds
£
243,668
16,866
610,160
12,638
-
12,638
511,288
523,926
Barn
conversion
£
97,001
-
-
97,001
97,001
-
-
97,001
-
-		 Total
funds
£
243,668
16,866
610,160
12,638
-
12,638
511,288
523,926 
continued...

Page 25

Dove Cottage Day Hospice

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

12. TANGIBLE FIXED ASSETS - continued

Fixtures
& equipment
£
COST
At 1 April 2023
68,376
Additions
18,149
Disposals
(424)
At 31 March 2024
86,101
DEPRECIATION
At 1 April 2023
68,011
Charge for year
2,415
Eliminated on disposal
(59)
At 31 March 2024
70,367
NET BOOK VALUE
At 31 March 2024
15,734
At 31 March 2023
365
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Legacy debtor
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Motor
vehicles
£
51,773
18,195
-
69,968
51,773
1,011
-
52,784
17,184
-
2024
£
192,000
28,783
6,734
10,564
238,081		 Totals
£
795,822
36,344
(424)
831,742
795,457
3,426
(59)
798,824
32,918
365
2023
£
-
-
20,307
3,817
24,124		 
continued...

Page 26

Dove Cottage Day Hospice

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Amounts owed to group undertakings
Social security and other taxes
Other creditors
Accruals and deferred income		 2024
£
9,294
1,861
6,097
-
15,057
32,309		 2023
£
39,605
1,589
4,900
1,937
7,300
55,331

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years		 2024
£
16,096
-
16,096		 2023
£
18,923
13,546
32,469

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Designated fund
Restricted funds
BNA Charity
Leicestershire & Rutland Community
Fund
Melton Borough Council
CO-OP
The Morrison Foundation
TOTAL FUNDS		 At 1.4.23
£
248,926
275,000
523,926
-
-
-
-
-
-
523,926		 Net
movement
in funds
£
140,853
-
140,853
6,935
3,000
14,030
642
8,980
33,587
174,440		 Transfers
between
funds
£
8,748
-
8,748
-
-
-
-
(8,748)
(8,748)
-		 At
31.3.24
£
398,527
275,000
673,527
6,935
3,000
14,030
642
232
24,839
698,366 
continued...

Page 27

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Melton & Belvoir Rotary
BNA Charity
Leicestershire & Rutland Community
Fund
Melton Borough Council
CO-OP
The Morrison Foundation
TOTAL FUNDS		 Incoming
resources
£
765,756
970
8,000
3,000
19,700
642
8,980
41,292
807,048		 Resources
Movement
expended
in funds
£
£
(624,903)
140,853
(970)
-
(1,065)
6,935
-
3,000
(5,670)
14,030
-
642
-
8,980
(7,705)
33,587
(632,608)
174,440

Comparatives for movement in funds

Unrestricted funds
General fund
Designated fund
Restricted funds
Melton & Belvoir Rotary
General Restricted
TOTAL FUNDS		 At 1.4.22
£
235,069
275,000
510,069
1,219
-
1,219
511,288		 Net
movement
in funds
£
20,541
-
20,541
(1,221)
(6,682)
(7,903)
12,638		 Transfers
between
funds
£
(6,684)
-
(6,684)
2
6,682
6,684
-		 At
31.3.23
£
248,926
275,000
523,926
-
-
-
523,926 
continued...

Page 28

Dove Cottage Day Hospice

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Melton & Belvoir Rotary
Annexe
General Restricted
TOTAL FUNDS		 Incoming
resources
£
579,010
-
39,800
3,988
43,788
622,798		 Resources
Movement
expended
in funds
£
£
(558,469)
20,541
(1,221)
(1,221)
(39,800)
-
(10,670)
(6,682)
(51,691)
(7,903)
(610,160)
12,638		 
Asat31March2024therestrictedfundbalanceof£24,839representsfundsforagarden project,
seating, furniture and musical memory boxes.

Transfers between funds

Transfersweremadefromrestrictedfundstounrestrictedfundswhichrepresentcapital expenditure
acquired for general use and not for a restricted purpose.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024 and 31 March 2023.

Page 29

Dove Cottage Day Hospice

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations (Gift Aided)
Donations (non-Gift Aided)
Legacies
Grants
Trusts
Tax receipts from HMRC
Raising funds
Fundraising events
Charity shop
In memorium
Tea Room income
Guests transport
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Insurance / Utilities / Water
Professional fees
Repairs and maintenance
Catering costs
Travel expenses
Cleaning and waste
Sundries
Telephone
Subscriptions
Fundraising expenditure
Carried forward		 2024
£
12,399
5,941
288,228
71,672
49,400
12,121
439,761
56,932
275,365
9,380
8,204
10,725
360,606
6,681
807,048
382,576
19,142
12,930
24,577
4,784
42,058
5,072
11,025
16,318
5,425
4,787
2,300
9,997
540,991		 2023
£
33,785
10,180
110,802
68,437
54,250
9,813
287,267
44,103
280,753
3,683
4,817
-
333,356
2,175
622,798
289,529
10,006
8,975
19,467
30,645
43,961
5,940
18,460
11,131
11,981
4,620
2,463
6,941
464,119		 
This page does not form part of the statutory financial statements

Page 30

Dove Cottage Day Hospice

Detailed Statement of Financial Activities

for the Year Ended 31 March 2024

Charitable activities
Brought forward
Stationery and printing
Outings and craft
Training expenses
Goods for resale
Christmas cards & wrapping
Therapy costs
Wellness and support meetings
Computer costs
Advertising
Grant expenditure
Volunteer expenses
Staff and trustee expenses
Depreciation
Loss on sale of tangible fixed assets
Rent
Bank charges
Support costs
Governance costs
Wages
Auditors' remuneration
Independent examination fees
Bank charges
Total resources expended
Net income		 2024
£
540,991
9,661
788
630
2,933
3,690
9,844
1,504
8,935
510
7,705
356
2,116
3,426
365
22,284
4,520
620,258
-
12,350
-
-
12,350
632,608
174,440		 2023
£
464,119
12,052
639
(306)
-
-
-
-
-
-
-
-
-
49,754
-
26,656
4,006
556,920
48,196
-
5,000
44
53,240
610,160
12,638		 
This page does not form part of the statutory financial statements

Page 31