REGISTERED COMPANY NUMBER: 0311526Z (England and Wales) REGISTERED CHARITY NUMBER: 1060570 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FUH HOSPICE ILYCOME GENERATION NETWORK LIIWIITED Blue Switl Accounthnls Limited 37 Riverside House Rivcr Lawn Rodd Tonbridge Kent TN9 IEP HOSPICE INCOME GENERATION NETWORK CONTENTS OF THE FINANCJAL STATEMETrITS ort ear ecetn er Page Report of the Trustee5 Independeni Examiner's Report Statement of Financial Activities B414n¢e Sheet 9 To 10 Noles to the Financial Statements HOSPICE INCOME GENERATION NETWORK REPORT OF THE TRUSTEES or the Year FJnded. l Decemb¢r 2024 The Iruslees who are also directors of ihe chari(y for the purwses of tl)e Companies Act 2006. present their report wiib ihe financial sttitcment% uf Ihc Lharily for the year ended 31 DcLeinbcr 2U?4. Tlic Iru%tL'e% have udoptcd the provi.%iL)n% Df AcLuunling dnd Reporting by Charities.. StateTbieiil of Recominended Practice applicable to cliarities preparing ¢heir accounts in accordance with the Financik)l Reporting st￿ndard &pplicable in the UK and Republic of Ireland {FRS 102) leffectl ve l Jai)uary 2019). STRUCTURE, GOVERNANCE APID MANAGEMENT Governiiig d[￿uMe￿It The cliarily is controlled by its governing document, a deed of. trust, and constitutes a limited company, limited b). guarantee, as defined by the Companies Act 20U6. REFERENCE AND ADLIIINISTRATIVE DETAILS ReLllStered Company number 03115262 (En. nland and Wales) RYgi5tered Charitv numb¢r 1060570 Registered office 37 Riverside House River Lawn Rodd Tonbridge Kent TN91EP Page I HOSPICE INCOME GENERATION NETWORK REPORT OF THE TRUSTEES or the Year FJnded. l Decemb¢r 2024 Trustees HOSPIC.E INCOME GENERATION NETWORK LIMITED REPOR T AND FTNANCIAL ST.4TEMENTS - .31 Deceinber 2024 LEGAL AND ADMINISTRATIVE DETAILS Trustees al dale ot signing T Nightingale (Chair} R Ketnla {Vice Chair) T Abbori A Adii Scox D McFadden L Pink Q ompany secretary T Nightingale Coinpany Number 1115262 Chariiy Number 1060570 Re&vistered Office.. 37 Riverside HoLise River Lawn Road Tonbridge Kent TNL) IEP Bankers Saniander UK PLC Bridle Road Bootle Merseyside L30 4GB The Trustees present Iheir report and tlie fiiiancial slatenien15 for the year ended 31 December 2024. l. Legul und #dmlnistratlve The eharily is a Lompany limited by guarantee. It is governed by its Memorandum and Articles of A&socialion. 2. Trii%tee% The following were Trubtee5 of. the company during the year.. Tere%a NiLyhtingiale (Chair) Rachcl Kelola (Vic¢ Cliaii.) Thomas Abbott Auguqla Adu Stephanie Cox Page 2 HOSPICE INCOME GENERATION NETWORK REPORT OF THE TRUSTEES or the Year FJnded. l Decemb¢r 2024 David McFadden Lorraine Pink The Trusteeb fot'm the Board. 3. Charltable Objects, Mlsslon and Aims The conipany's principal objects and mission as set out in ils meinoranduin and articles are.. to advance the education and traiiiingy ot'fun(Irai%er% in independeiil dnd NHS hospices lo mainlain and improve professional standards of hospice fUnd￿]Sillg to support thc work of hospiLLs In fuitherance of this mission, io ¢i)able hospice fundraisers to.. Receive support and enhance iheir role within the hospice movenienl thereby improving standards and efficiency of fui)draising so that Cost effectiK'e inconie is raiged and publiLily developed lo support patient Lare Attend Iraining> courses, ¢iiher initiated by th¢ Association or by outside bodi¢s, to Inaintain and improve professional staiidards of fundraising Liaise with oul%ide orguni4dtion%, both within and out%ide the Ho%pice Inovemeiit, so that a comprehen%ive and well-bdldnced approacli 10 efficieni fundraising Can be deTreloped c.oiniiiuniLate wilh each other by effectiwe and pldnned means. so that information is exLhanged in a rational wav and within a franiework of opeiiness 4. Review of perforM￿nCe, impact and future plans Pertorrnaiice In kveping with OLir illis%ion tu train hu4piLe fundraI%e￿ Trii%tee4, held our virtual Lvnt"vr¢nLe between 12 to 14 March reldinintt uur vai'iable cosi slNclure. We aim 10 keep our costs low lo allract and Irain as Inaiij delegaie5 as possible. Our *024 Coi)feren¢e was an outstanding success with 1,317 delegates 11,288 in 2023) from 123 hospices (121 in 20?3) attending. We put on 41 workshops, 6 plenary Se5￿10n$ and 3 wellbeingv ￿essIons. The conterence was ￿uPpOrted by 4 Platinum Partners. We also held l in-person Regional DevelopLneni Day during the year in the Soiiih Wesl region wliich was well allended. This was fruu iu oiir ho%piLL' IllLmbLrs. Online training and networking events were held throughout the year. These have been well attended and provided the opportunity for our members lo learn from each other and connect with each other iti a safe space. We have promot¢d membership to all UK HospiLes and by the end ot. Ihe year we had 181 hospice Inembers a decrease of 3 con)par¢d lo the previous y¢ar 184 hospi¢¢ In¢nib¢r¥. Impact Duringy 2024 we orLFanised 34 online trainingT sessions for menibers coveringy a broad ranLFe of income gFeneratioii topics, including: C.hrislinag tre.e recycling, crowdfiinding, eve.nl8 fiindraising, legacies, retail markeiing, individiiAI givAnE, and praclie411 spreadsheet trnining for KPI traLking and rcporting. Tlie8L Lvcn15 atliaLtcd 1,159 regi4lralion% Irum uur mcnibcr%. On¢ Regional Developinent Day took plaLe in 2024 and were attended by 18 del¢gateb and covered topics such as E¥¢nts, Community and Corporate Fundrai4ing'. Future pllln Page 3 HOSPICE INCOME GENERATION NETWORK REPORT OF THE TRUSTEES or the Year FJnded. l Decemb¢r 2024 Virtual traininbF ¢Olltiiiu¢s to be the maiii fiir¢es for the delivery of our development probirainme. The Inembers will be consulted on the topics they wish lo see on the programme for 2025. The board took tlie decision lo plan another virtual Conference in April 2025 after balaiicing the risk of ali expensive liotel contract nd hospices telling us that more of their teams can alteiid our conference with il being virtLial and more cost-effeclive to sign up lo. The board have also discussed Il)e coniinualion of our regional developineni days. A nuLnber of daleb will be organised in 2025. 5. Review of financial position In total the company had income ot £62,S65 (uguinst £()6,444 in 2023). Expenditure tolalled £37,867 (agFain%t £34,440 in £023) resulting in a sutylus of£24.998. 6. ReserTres policv The coinpany'.4 re%erve4 ure lield al a level wliich, in the opinion of tlie Tru.%lee% is 5Utlicient to ensure the coMpdny'.g fLlture developmeni, and lo lake into account possible fuiure fluLlualions of incon)e and expeiidilure. The company has a policy of maintaining its free reserves al approximately six months of fonvard expenditure. The Lurrent level of Free regerves represents approximately seven months of forward expenditur¢. At 31 December 2024, unre%lricled reserve% amounted to £144,357 (ilgiiin.4t £119,359 in 2023) of wliich Ll 44,357 (dgdin4t £119,359 in 2023) were flee reseives. The level ot tree reserves is reviewed on an on&yoiii&v basis. 7. Fundraising praitiLes St4lement The Hospice Income Generation NetWL)rk did not undertake any publiL fundraising aLtivily nor employ any staff with a speLifiL reniil for public tundraisiiigi duringi 2024. OLir nieinber4 a¥ree to abide by uiir Code of ConduLt und the Cude of Fundraiying PraLliLe. The compAny is registered with the Fundraising Regulator and the Information C.ommi55ioners Office. We have policies in place to gyovern our piJcli¢es and activilie5. R¢port5 are filcd in accordance with regTulations set out by Companie5 House and the Charity Cominission. 8. Rlsks pollev The Trustees have examined the risks to ￿,hIch the associatioii 18 expo>*ed, in particular tliose related lo the on-goingT operation5 alld rinances and ar¢ satisfied thai sysl¢ms are in place lo iniligale our major risks. 9. Audilors The eharily is not reqiiired to prepare aiidile.d accounts. Page 4 HOSPICE INCOME GENERATION NETWORK REPORT OF THE TRUSTEES or the Year FJnded. l Decemb¢r 2024 10. Structure, GoTrernance and Management Tlie Lhurity wus incuiyL)ruted on igth October 1997 und aniendcd by Rc%olution dated 14th Fubruury 1997. It 1% govLrnLd by it% Meinoraiiduin and Articles of Association. Tt is a registered charity with the Charily Comimission and a coinpany limited by guaranlee with the Trustees as cornpaiiy directors. The Memorandum and Articles of Association pre-dates conipany law and so in 2021 the Triislees insltijcied a solicitor lo enable tl)e rL vision of thcsc Articlcs. Wc cngagcd with Wriglcv's in Lccds who imprcsscd Trustccs with thLLr expcriLllLL and look timc lo l-ully understand tlie organisalion and our needs. This work was coinpleted in 2022, approved b), Truslees and revised Articles weir lodged with the Charity Coinmission. Appointment uf Trust¢e$ As pat1 of th¢ revised Articl¢s of Association membership of the board now encompasses a miniinuin of one inember from each region plu% ddditionul Trustee% willi %pecitic %killseLs thul meet¥ the ciirrenl needs of Ilie organisation, The Trustees reviewed the appointment process and length of serviL¢ of Trustees and Lhanges were approved in the New ArtiLles of Association wliich caine inio force followinL? the 2022 AGM. Trustees now serve 3-year terms with a maximuin of 3 tenns. Given the length ot" service of rhe existing Tnistees the risk thai everyon¢ would leave al once was perceived as low. Trustee induction #nd training The C'hair is responsible for issuing all new Trustees with a fLIII sel of documents covering governance, finanue, the Board slrnciiire nd de¢ision-mukiiig pruLes8es. Ongoing training is the re8pun.%ibilily ot all Tru*tee5 and inLlude¥ keeping up to date with the latest guidelines from Ilie Charity Coinmission. Org9nlsatlon Thv Board IMeet4 qLiart¥rly lu examine perfurmanLe, finaiiLe. Strategy and ri4k. Tru4lee% 4hould attend all Buard nieetill¥¥, not miN%iii more Iliiin two iii any four witlioul good reason, as delennined by the Cliair. Tn￿l¢eS will uiiderli¢ ke i'esponsibility for specific duties, as mutually decided by the Board and suppDrt the Chair and other Trustees in any areas of special inleresl. Stafl. and volunteers The Hospice Income Generation Network does nol have anv employees and iq run purely by volunteers. We do however use the services of a Virtual PA company to help with athninislrative tasks and a Loiisuliant lo help with our conference planning. The servi¥es are used on ali 'as and when, basis depeiidingy on the needs of the orgFanisatioii. Statement of Trustees Responslbilltles The Trustee5 are responsible for preparing the Annual Report and the financial stalemeiils in acLordanee with applicable laws and regvulalioiis. C.harily law requires the Trustees lo prepare financial )lalements, in acciirdance wilh United KingFdom Generally Acce.pled Accoiinling Praciice., for each financial year which give a Inie 1( nd fair vlew of the e.ompany's affairs at the. e.nd of the year nd of it% incutne and cxpenditurL tur that pLriod. In prLparing thL%C finanLial 4ldtcniLnt% thc Tru%tec4 drL rLquired to: Sel¢ct suitable accounting policieg and then apply Ihcin consistently Make judgyineiils and e%limate% that are rea%onalile and prudent Page 5 HOSPICE INCOME GENERATION NETWORK REPORT OF THE TRUSTEES or the Year FJnded. l Decemb¢r 2024 Prepare the f iiiaiicial statements on a gFoillgF concerii basis unless it is inappropriate to pre5uine that the coinpaiiy will continue in business. The Truslees are re5polliible for keepiiig proper accounting reword5 which disclose with reasonable accuracy at aiiy lime. the fiiiancial position of the Lompany, and to trnable them lo ensure that the financial statements Lomply with the Companies Act 006. They are a150 respoiisible for 5afegFuardiii¢i the asset5 of the conipany and hence for takiii(F re350nable steps tor the prevention and d¢te¢tion ot. fraiid or oil)er irregiilarilies. Companv Secretary Ms T A Nightingale Independenl Examiner AndrLw Branson Blue Switt Accountants Limited 37 Riverside House River I,#wn Road Tonbridgye Kent TN91EP Approved by order ot'tlie bodrd ol. tru4tee% on 21 May 2025 dnd %igned on il.% behdll, by: Ms T A Nightingale - Truslee Page 6 INDEPENDENT EXAMTNER'S REPORT TO THE TRUSTEES OF LIMITED Independenl examiner's report lo the trustees of Hospice Income Generalion Iyelwork Limited ('the Companv,) I report to the charity trustees on my examination of the accounts of the Company for the year ended I l December 2024. Responslbiilties and basis of report A% the Lharilj s trusteL'S of ihL C.ompuny {and al%0 it5& dircbtor% for the purp05e% of Lonipthny lawl you dre re%pongible for thL preparntion of the accounts in accordance with the requirement5 of the Coinpanie5 Act 2006 ('tlie 2006 Acl'}. Haviiibw satisfied myself that the accounts of the Conipaiiy are not required to be audited under Part 16 of. the 20n6 Act and are eligible for independent examination, I report in regpecl of my examination of your charity's accounts as carried out under Section 145 of thc C'haritiLS AL'I 2011 I'tlic 201 l Act'l. In carrying oiit niy cxainiiialion I havL followLd Ihc Dircctions givcn by thc Charity Commission under Section 145{5) (b) ot the 201 l Act. Independent examiner's st8tement I have coinpleled Iny examinalion. I confirn] Ihal no mailers have come to my allenlion in connection wilh Ili¢ examination giving me LaUSL lo bLIiL WL.. accounting I'ecords were not kept ir) respect ol the c.ompany as required by Section 186 of the 2006 Act; or the dccoiints Ilo not dcconl with tho%e reenr(l%' or tl)e accuunls do noi comply with the accounling requirements of Seciion .196 of the 2006 Aei oihei. rhai) any requireinenl thai the aLLounts give a true and fair viemi which is not a rnatter Lonsidered part of an independent examination; or the accouiils have noi been prepgred in accordance with the methods aiid priiiciples ol. the Sialement of Recoinmciided Practice for accouniing and reporting by charitieg (applicable to charities preparing their accounts in accordance will) the Finiincidl Reporting Sidnddrd dppliciible in the UK and Repiiblic ot Ireland (FRS 102)). I hai'e no conLeriis and have come aiross no other matters in ionneclion wilh the exainination lo whiLh allenlion bhould be drnwn in tliis report in ol-der to enable a proper underslandin&v ot the accounts to be reaclied. Andrew Branson Blue Swift Accounlanls Limited 37 RivLr%idL HoubL' River Lawn Road Tonbridge Keiit TN9 IEP 21 May 2025 Page 7 HOSPICE INCOME GENERATION NETWORK STATEMENT OF FINANCIAL ACTIVITIES or the Year F.nded. l Decemb¢r 31.12.24 31.12?3 Total fLind% Unreslricied t.und No¢es INCOME AND ENDOWMENTS FROIVI Donation5 and legFacie&i 4.538 3,03R Chthrilable *¢tivities Eveni Ruiining Total 58.327 6? 8()5 C)3 406 66,444 EXPENDITURE ON Charitable activities Supwrl Cosis Eveni Running Total 1,128 2(),739 37,867 6,761 27,679 -34,440 NET ILYCOME 24,998 RECONCILIATION OF FUNDS Tolal tunds brougyhi lorivard 119,359 87,355 TOTAL FUNDS CARRIED FORWARD 144 357 119359 The notes fonn parl of iliese finaneial statements Page 8 HOSPICE INCOME GENERATION NETWORK BALANCE SHEET Dei'vniher 31.12.24 31.12.23 Total fLind% Unreslricied t.und No¢es CURRENT ASSETS Debtors C'ash al bank 6,631 115,417 122,(H¥ 146,170 14().17U CREDITORS Amounts t"alliii¢v due within one year {1.813) (2,689) NET CURRENT ASSETS 144.357 119359 TOTAL ASSETS LESS CURRENT LIABILITIES 144,357 119,159 NET ASSETS FUNDS UnrexlriLled fui)ds TOTAL FUNDS 144357 119359 144,357 144 357 119159 The vharilable conipanv is enliiled 10 exemption from audit under Section 477 of the C,ompanies Act 2006 for the year ended 31 December 2024. Tlic mLmbcrs havL not rL'quircd IhL company lo obtain audit ot" itli financial 4talLmcnls t.or Ihc ycar cndcd 31 Dcccmbcr 2024 in accordance with Section 476 of the Companies Act 2006. The Irusiees acknowledge their responsibiliiies for cn8uring that Ihc charitable company kccps accounting rcLords that coinply with SLclion$ 3146 and 317 of thL Companics Act 2006 and preparing financial statements which give a Irue and fair view of the slate of affairs of the charitable company as at Ihe end ot edch findncial yedr and f)t il% %Lirplus or deticil lar eacli fiiidncial year in dCCOI-ddnce with the reqiiiremeiil% ot. section￿ 394 and .195 and which otherwise comply with Ilie requireinenls of the Coinpanies Act 2006 relating to financial slalenienls, SO far as applicablL to the Lhdritdblc conlpdny. (b) The notes fonn parl of iliese finaneial statements Page 9 continued..- HOSPICE INCOME GENERATION NETWORK BALANCE SHEET_ continued Dei'vniher Thes< financial statements have been prepared iii accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 21 May 2025 and were signed on ils behalt"by.' T A Nighlingale Triislee The notes fonn parl of iliese finaneial statements Page 10 HOSPICE INCOME GENERATION NETWORK NOTES TO THE FINANCIAL STATEMENTS or the Year F.nded. l Decemb¢r ACCOUNTING POLICIES Bthsis of prtpthring th¢ finthn¢ithl sttht¢m¢nts Tlie financial slatenieiils of the charitable coinpany, which is a public benefit enlily under FRS 102. liave been prepared iii accordaiice with the Charities SORP (FRS 102) 'AL¢ounting and Reporting by Charities.. Sialemenl of Recommended PractlC¢ applicable to charities preparingT their accounTS in accordance with the Fiiiancial Reporting Standard applicable in the UK and Republic of ireland {FRS 102} (effective l January 2019),, Financial Reporting Standard 102 'The Financial RLponing Standard applicable in thc UK dnd Rcpublic of IrLland' and Ihc ConipaniLS Act 20U6. Tlic tinancial statlnicnts have been prepared under the historical cosl convention. Income All inLome is recognised in rhe Sialemenl of Financial Aclivilies once Ihe charily lias enlillenieni 10 Ihe funds. il is probable that th￿ inconic will bc rcccived aiid the amolint can bc mLasurcd rLliabl>. Expendlture Liabilitie% are recogTni¥e(I ds expen(liture d5 %oon there is d legyal or con%tructive obligvution comiMiltingT the charity l() thul expL'ndilure, il 19 probable thai a transfer of ecoi)omic benefits wil I be requirLd in seltlL'inLnl ai)d tl)e dini)unt of the obligy bt used for paniLular restriLied purposes M'iihin the objeLlS of the charity. Restrictions arise when specitied by the doiior or when funds are raised lor particular restricted purposes. Further explantsliun of the nature and purpusv uf eaLli fund 1% iiiLluded in the nute% to the finanL ial %laleillenL%. TRUSTEES. REMUNERATION AND BENEFJTS There were no Iruslees, remuneration or other benefits foi. the year ended 31 December 2024 nor for the year ended 31 DL'LLimbLr 2023. Tru5tees' expenses Tru4tLL%' LxpLnsLs totalling £0 WLfL' iiaid during thL yL&r LndLd DLLLnibLr 2024 (2023.. £2,470.47). P¥AEe I I continued..- HOSPICE INCOME GENERATION NETWORK NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued or the Year F.nded. l Decemb¢r COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOIVMENTS FROM Donations aiid legvacies 3,0351 ClIArilable activities Event Running Total C)3 406 66.444 EXPENDITURE ON Charitable activities Support Cosis Event Running Total 6.761 27,679 NET INCOME 32,004 RECONCILIATION OF FUNDS Total liinds brou¥vht ton¥ard 87,355 TOTAL FUNDS CARRIED FORWARD 119359 DEBTORS: AMOIINT,8 FALLING DIIE WITHIN ONE YEAR 11.12.24 31.12.23 Trade debtors Prepayments P¥AEe 12 continued..- HOSPICE INCOME GENERATION NETWORK NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued or the Year F.nded. l Decemb¢r CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.13 Trade creditors Other Lreditors Accruals and deferred income 205 52 1,608 MOVEMENT IN FUNDS Net moveinenl in funds Ai 31.12.24 At 1.1.24 Unrestricted funds General fund 19.35Y 24,99 144,357 TOTAL FUNDS 19.35L) 144 357 Net movemeiil in fiinds, incliided in the above are as follows.. Incoming rL'soufLL Resources LXPLiidLd Movement in t.uiid Unrestrlcted funds Geiierlll luiid 62,865 137,867) 24,998 TOTAL FUNDS 37 867) Comparatii'es for movement in funds Net movement in fund At 1.1.23 31.12.23 Unrestricted funds General luiid 87,355 32,004 119,359 TOTAL FUNDS 119359 P¥AEe 13 continued..- HOSPICE INCOME GENERATION NETWORK NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued or the Year F.nded. l Decemb¢r MOVEMENT IN FUNDS - continued Comi)arative T]L%t movLmont in funds, inLluded in thc ubove urc follow%: Incoming resources Resources ¢xpeiided Movement in fruiiiLs Uiire%lri¢l¢d funds General tund 66.444 (34,440) 32,004 TOTAL FUNDS 1)6 444 34 440) A current year 12 rnonth5 aiid prior year 12 Inonths combined position is as followy.. Net nioveincnl in funds Al 31.12 14 At 1.1.23 Unrestrlcted funds Cjeneral I"Lind 117,355 57,002 144,357 TOTAL FUNDS 144 357 A LurrL'nt yLar 12 rnonths and prior yLar 12 n)onth4 LumbinLd nL't moiiL'inLnl in fund4, inLludcd in thL dbovL drL follows: Incoming retiour¢es Resources expeiided Movement in thiid4 UnrestriLted funds General fund 129,309 (72,307) S7,￿2 TOTAL FUNDS 129 .309 72 307) P¥AEe 14 continued..- HOSPICE INCOME GENERATION NETWORK NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued or the Year F.nded. l Decemb¢r RELATED PARTY DISCLOSURES TherL' were no rblutcd purty trurL%aLtionq for the yeur ended 31 DeLcinber 20?4. Page 15 This document was delivered using electronic communications and authenticated in accordance with thc registrar's rulcs relating to elcctronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.