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2022-12-31-accounts

Charity number: 1067125

Julia’s House Limited

Registered number: 03465868

Trustees’ report and financial statements For the year ended 31 December 2022

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees’ Report 2 – 11
Independent Auditor’s Report 12 – 15
Consolidated Statement of Financial Activities 16
Consolidated Balance Sheet 17
Company Balance Sheet 18
Consolidated Cash Flow Statement 19
Notes to the Financial Statements 20 - 41

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS

FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees

Brian Parker, Chairman Peter Wragg, Vice Chairman Brian Hutchinson, Treasurer Mark Nixon Karen Glastonbury Barbara Baker Justin Kline Jacqueline Irvine Sally Smith

Company registered number

03465868

Charity registered number

1067125

Registered office

Ground Floor, Allenview House, Hanham Road, Wimborne, Dorset, BH21 1AS

Company secretary

M R Hudson

Chief executive officer

Martin Edwards

Independent auditor

Mazars LLP, 5[th] Floor, Merck House, Seldown Lane, Poole, BH15 1TW

Bankers

Barclays, 61 Old Christchurch Road, Bournemouth, Dorset, BH1 1ER

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022

“The support, advice and friendly listening ears provided have made so much difference to the quality of our lives. You stepped in when we had no support and prevented us from reaching crisis point.” - Parents of a child and family supported by Julia’s House

Julia’s House Ltd, known as Julia’s House, is a registered incorporated charity, charity number 1067125, company number 3465868. The Trustees, who are also directors for the purposes of companies legislation, present their report and financial statements of the charity for the year ended 31 December 2022. These comply with current statutory legislation and the Memorandum and Articles of Association.

STRATEGIC REPORT

Trust objectives and services

Julia’s House provided the following services in 2022 to achieve its aims:

  1. Hospice and home based respite care to give parents a regular break

  2. Family support for siblings, parents, grandparents and other carers

  3. Additional family support with the cost of living crisis

  4. Complementary therapies

  5. End of life care

  6. Bereavement support

  7. Standby capacity to the NHS during the pandemic

  8. Research and influencing around the impact of respite on family life

These services and benefits are regularly audited for quality through Board oversight of the Executive Team; parents of service users sitting on our Board; Board sub-groups to focus on care quality and responsiveness, finance and risk; and through annual anonymous surveys of service user families. Progress against agreed strategic objectives is reported regularly to the Board.

Achievements and performance: review of activities

To all of our supporters and volunteers, thank you: our care is your gift to the community. You have helped us look after some of the most seriously ill children in our society, bringing comfort and, where possible, joy to their daily lives.

Care services

“Without you, there wouldn’t be an us”

The year can be divided into three parts:

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

We therefore completed benefits forms for exhausted parents; applied to sources of emergency grants for them; provided more hot meals for the children and their siblings; arranged access to food banks and community food stores for those in need; found some children warm winter coats from clothing donated to our shops; and fully charged the children’s electrical equipment at the end of each respite session at the hospices.

The relationships built by our Family Support Workers and Sibling Workers, who increased their home visits to support individual family members, together with each family having a Named Nurse – a first point of contact who knows their child very well – enables us to keep close to families during these tough times.

“They always seem to know how we are feeling as parents and when we are under increased stress. They’re always sensitive to this and always call or email rather than speak about anything in front of our child. We are given time and space for ourselves, which is so appreciated.”

At the end of 2022 the charity appointed a Health and Wellbeing Co-ordinator to further strengthen the ways we offer support. Julia’s House will continue to support families with the cost of living crisis in 2023 and beyond as necessary.

The charity’s counselling service saw increased demand as families both before and after bereavement needed support in coping with the many pressures in their lives.

The charity contributes £1,000 towards each child’s funeral costs, as well as providing regular bereavement support to families for up to five years after a child’s passing. The Remembering Day annual gatherings resumed face to face in 2022 in both counties, helping to mark the life of each child who has passed away.

The Trustees are enormously grateful to the charity’s supporters, volunteers and staff for their consistency during such a tough year.

Care Quality Commission (CQC) rating

The CQC rates both Julia’s House services, for Wiltshire and Dorset, as Outstanding. The most recent inspection took place in two parts between September 2022 and January 2023, achieving the maximum score in the Caring, Responsive and Well Led categories. The inspection report noted:

“The service was passion-led, with the child and family central throughout. Staff consistently went above and beyond to support families….All staff were aware of the importance of compassionate care and the impact their actions had on the child and their families during this time in their lives. Support was always given by caring and empathetic staff who put children and those close to them at the heart of everything they did. Parents said ‘It’s an amazing service’ and ‘It’s awesome how it all works’”.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Clinical and medical staff recruitment

The national shortage of nurses continued to present a challenge, with several ongoing vacancies at Julia’s House, and the charity could also not recruit the planned doctor in Wiltshire. However, extensive recruitment efforts brought our nursing shortfall down to 12.5%. These included creating further Nurse Associate training roles and Return to Nursing roles to encourage qualified nurses back into the profession after a career break.

Gaps in the medical team at Naomi House led to the suspension of the Paediatric Palliative Care Consultants’ advice service. We hope this service will resume in 2023 as it has led to closer collaboration and to greater choice in place of care for children nearing the end of life.

We continue to monitor NHS pay negotiations, and aim to match comparable rates of pay, to be able to retain and recruit skilled staff.

Staff support

With rising demand on our care services and a challenging recruitment market, Julia’s House strives to be an exemplary employer, for example by providing a mental health and wellbeing helpline, an employee forum and surveys to listen to staff feedback, and advanced management skills training for all line managers.

Julia’s House Research and Policy influencing

In recent years, Julia’s House has led and published national research demonstrating the benefits of respite breaks on parental mental health and likelihood of partnership break-up.

Although no Government Minister agreed to meet us to consider this research, it helped fuel a campaign by the Disabled Children’s Partnership, which elicited a Government commitment to a £30m pilot project fund. As this is being distributed by the Department for Education on projects around educational attainment, Julia’s House did not submit a bid.

We continue to try to draw attention to the benefits of respite breaks on family health and cohesion.

‘If it weren’t for [respite breaks] you’d be speaking to me from a bedsit somewhere and [my wife] would be here with the kids.’

NHS partnerships

The closer collaboration between statutory and voluntary services necessitated by the pandemic continued, with good appreciation of the role hospices play in relieving pressure on the wider healthcare system.

From January to March, hospices received the final tranche of NHS payment for emergency standby capacity during the pandemic.

2022 also saw a national restructuring of Health and Social Care, resulting in local Integrated Care Boards (ICBs) being responsible for combining and running these services. Julia’s House began building relationships with local ICBs and is taking the lead in developing a children’s palliative care strategy for the ICB covering Wiltshire.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Equality, Diversity and Inclusion

Everything we do in the provision of care at Julia’s House is about treating people equally as individuals, and seeing their potential rather than their limitations: maximizing their opportunity to play, live, love and thrive within the family and the wider world.

We believe in a working culture that is fair to all, diverse in thought and experience, and highly supportive so that people can excel. We understand that each individual has different personal and family circumstances and so offer flexible working where possible.

Julia’s House advertises many vacancies nationally, highlights under-represented groups in our workforce and encourages applicants from these groups, operates ‘blind’ short-listing good practice, and trains managers and board members in proper decision-making practice.

2022 also saw the charity, through its Employee Forum, identify and implement improvements in awareness, policy and practice, for example on matters of gender and disability.

An up to date statement on our actions around Equality, Diversity and Inclusion can be found on the charity’s website.

Financial Review

Julia’s House is hugely grateful for all donations and fundraising. Julia’s House is also very grateful to everyone who works in, gives to or shops in our retail chain, funds from which are raised through a separate trading company, Julia’s House Trading Limited, owned by the charity.

Restricted and designated income, general funds and service continuity

The charity will carry forward £3,115,465 (2021: £3,066,416) of free general funds into 2023.

Restricted funds are individually itemised. Unrestricted funds have been split into the following headings on the Balance Sheet and within the Notes:

  1. Capital funds which represent the net book value of fixed assets owned by the charity.

  2. Trading subsidiary funds which represent funds held in the subsidiary used to generate income for the charity and to meet its legal obligations as tenant of a chain of charity shops.

  3. Designated funds which have been set aside by the trustees to ensure continuity of care to those who rely on our services, and to meet certain known future financial obligations.

  4. General funds which are held because of the charity’s high reliance on voluntary funding and the unpredictability of some of those future income streams.

The charity is profoundly grateful to everyone who remembers Julia’s House in their will. Legacies accounted for more than a quarter of the charity’s voluntary income in 2022 and are a vital source of support.

Government funding accounted for 24% of overall income in 2022, which included the final tranche of payments to support the NHS during the pandemic; this contributed largely to a year-end surplus of £1,784,334.

This surplus will help negate the substantial deficit budgeted by the charity in 2023 due largely to the impact of the economic downturn and rising cost of living on fundraising and donations. Statutory funding for Julia’s House in 2023 reverts to pre-pandemic levels; we expect to receive around 8% of our income from Government, relying on donations and fundraising for the other 92%.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Julia’s House is committed to continuity of care and support. We therefore designate funds to sustain our nursing, care and family support that our beneficiaries rely upon, in the event of a serious shortfall in the charity’s income.

The charity maintains a rolling four-year budget forecasting model. Financial deficits are expected for at least the next two years due to the economic climate.

Reserves

It is the charity’s policy to hold between six and twelve months’ worth of operating expenditure in Reserves that are accessible. The critical importance of having such Reserves is clear from the pandemic, and in the emerging cost of living crisis. Both have impacted on the charity’s fundraising and forecasting.

The charity’s Reserves at the end of 2022 constituted 13 months’ worth of 2023 budgeted operating expenditure. This is forecasted to reduce in 2023 and 2024, when the charity is forecasting substantial budget deficits. The Trustees therefore assess that this level of Reserves is both prudent and necessary if the charity is to meet its service obligations.

Volunteers

Julia’s House has 627 registered volunteers. They make a huge contribution to the charity’s services, fundraising and cost-effectiveness, as well as raising awareness of Julia’s House in their communities.

In 2022 they gave just over 63,000 hours of support; a 51% increase on 2021 and a cost saving to the charity of £600,000 (based on National Minimum Wage) in addition to the substantial income that all those in fundraising and retail roles helped to generate. The charity is extremely grateful for their vital help.

The charity’s Board of Trustees and the Directors of its Trading Company are also all volunteers and are all unpaid.

Julia’s House supports its volunteers with training, regular newsletters, an annual volunteers’ survey, an away day with talks about the charity’s services, and long-service awards for those who have served 5, 10, 15 or 20+ years.

Donated premises

Julia’s House received free office space from Barclays Bank in Poole for several years until Spring 2022 for the charity’s fundraising and administration. These very generous Gifts in Kind enabled Julia’s House and its Trading company to be run in a cost-effective way.

Fundraising practices and performance

The long economic recovery from the pandemic made fundraising an uphill struggle in 2022, and this is set to continue in 2023.

Take-up for fundraising events and sponsored events was lower, but the charity’s shops flourished as more people sought to buy second-hand goods for financial and environmental reasons.

The charity’s ‘Together We Care’ Appeal, to address the gap between income and expenditure in Wiltshire, led to a 36% increase in the charity’s supporters in the county as well as significant extra media coverage and public awareness of our care service.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

In 2022, the charity received £1,936,561 of additional Government income (2021: £1,828,269), and £5,932,007 of voluntary fundraising or donations including legacies (2021: £4,269,217). Income was significantly boosted by the final tranche of Government pandemic payments for spare capacity to relieve pressure on the NH, which came to an end in March 2022.

Excluding its Retail Trading arm, 78% of the charity’s expenditure was spent on care services in 2022.

Julia’s House Trading Limited ran the chain of Julia’s House shops, which generated £2,709,324 of gross income (2021: £2,459,354) and a net profit of £439,029 (2021: £672,450) with an additional £223,196 (2021: £123,656) generated in Gift Aid on donated goods. One new shop was opened in Warminster and further new premises are sought.

The Board of Trustees is immensely grateful to the charity’s donors for their generosity even as the impact of rising cost of living takes hold.

Income levels and fundraising effectiveness are kept under review by the Board and the Executive Team. Julia’s House is regulated by the Fundraising Regulator as part of good practice.

The charity’s plans for 2023 and beyond

The charity is budgeting substantial deficits in 2023 and 2024 due to anticipated slow economic recovery and the impact of the rising cost of living on fundraising and donations. The charity’s reserves will therefore be used to cover shortfalls in the short to medium term.

Our goals include:

  1. Continue to address the nurse staffing shortfall with innovative roles and recruitment, including shared roles with the NHS.

  2. Enhance family support services, including new health & wellbeing support, creation of a new Social Worker role and help for families struggling with the rising cost of living.

  3. Develop partnerships with the NHS and Social Care Integrated Care Boards for Wiltshire and Dorset.

  4. Through increased medical cover and greater collaboration with other services, provide more choice of place of care for families whose child is approaching end of life.

  5. Maintain standards and vigilance in all areas of care, quality assurance, risk management, incident learning, safeguarding and staff training.

  6. Use the 2023 20[th] anniversary of the charity’s care service to celebrate past and present achievements and increase support for the future.

  7. Assess whether the Dorset hospice premises are fit for purpose beyond the end of the current lease in 2029 and develop contingency plans accordingly.

  8. Continue to promote widely the need for legacy giving.

  9. Balance income and expenditure by 2025/26.

  10. Hold between 6-12 months’ worth of expenditure in reserves.

The charity aims to maintain adequate designated and general funds to preserve service continuity. Julia’s House will continue to keep its fundraising methods under careful scrutiny to ensure optimum standards, whilst complying with current and future regulations.

Julia’s House keeps its finances and performance under regular review and works to an approved strategic plan under the direction of its Chief Executive. The Executive Team develops team goals and individual objectives to achieve the charity’s aspirations and is charged with maintaining the requisite high standards across the organisation.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees are committed to ensuring that the charity’s care is among the highest standard anywhere in the country, helping children with life-shortening conditions, supporting their parents through the exhaustion of round-the-clock care, and supporting the children’s siblings and wider family.

“Julia’s House has always been like a family to us. Without them I would not have had the most amazing childhood. From their help and support, we’ve been able to create our own happy memories that will last a lifetime.”

Structure, governance and management

Trust aims and public benefit

The objects of the charity are to ‘to raise funds and to provide care and facilities for critically or terminally ill children and their families’. We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Julia's House provides a public benefit by maximising the quality of life for children and young people with lifeshortening or life-threatening conditions, by providing respite care throughout childhood, support in emergencies, end of life care, and support for the family. The charity directly helps children in Dorset and Wiltshire; and indirectly supports children further afield through mentoring other good causes, producing research and influencing policy to benefit children nationally.

Trustee selection, induction, training and reporting

All Julia’s House Trustees are unpaid, although expenses may be claimed and remunerated.

Potential new Trustees are assessed according to whether they fulfil a gap in the skill audit of the Board. All Trustees are subject to a Disclosure and Barring (criminal record) check. The charity ensures that new Trustees have thorough induction briefings. All Trustees routinely receive a report from each department in advance of every Board meeting, reviewing performance and assessing new developments and future priorities.

Board and Executive responsibilities

The Non-executive Board determines the strategic plan, the annual budget, reserves and investments policy, risk management and prevention strategies. The Board delegates day to day running of the charity and its services to the Executive team.

Board of Trustees

The Directors of the company for Companies Act purposes are defined as Trustees in the company’s Articles of Association. The Trustees who held office from the 1 January 2022 to the date of this report, unless otherwise stated, were:

Barbara Baker Sarah Elliott (resigned October 2022) Karen Glastonbury Brian Hutchinson (Treasurer) Jacquie Irvine Justin Kline (service user family representative) Mark Nixon Brian Parker (Chairman) Sally Smith (appointed October 2022)

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Samantha Tucker (service user family representative, resigned November 2022) Peter Wragg (Vice Chairman)

The Board has strong skills and experience in the areas needed for the trust to be well governed. These include clinical and nursing management; parents of service users; business and commerce; finance; HR and law.

Risk, staffing levels and future financial planning

The charity operates a Finance & Risk Committee which monitors financial performance, investments, reserves, and other areas of non-clinical risk. The Health & Safety Working Group reports to this committee. Clinical policy and risks, service standards, and service complaints and compliments are monitored by the Clinical Governance Committee.

Minutes from all meetings of all three groups are always sent to the Charity Board for oversight. In addition, the charity conducts annual anonymous surveys of its service user families, staff and volunteers to elicit direct information about how to improve any aspect of the charity. Learning points are given to the Executive Team to implement and are monitored by the Board.

The charity maintains a Risk Register of all serious or significant risks, including in clinical standards, safety, safeguarding, data protection and finance. Each risk is quantified according to impact. Action plans are in place to mitigate against these risks. The Register and the action plans are kept under regular review by the Finance & Risk Committee and are formally reviewed annually by the Board.

Future factors that may affect financial performance include the impact of the rising cost of living on donations and fundraising, the rate of economic recovery, and the impact of house prices on the value of some legacies.

The charity’s four-year budgeting cycle plans for diminishing deficits year on year as the economy recovers from the impact of the pandemic and current financial uncertainties. The Trustees believe that existing reserves levels will allow the charity to maintain care services at planned levels.

Investments

The aim of the charity is to achieve an acceptable level of return on its investments while avoiding investing in organisations with objectives that are not compatible with the ethos of the charity; for example tobacco, pornography and child labour. Due to volatile political and market conditions, the charity’s investments fell in overall value during 2022 by £718,838.

The charity continued to use an expert portfolio adviser, Brewin Dolphin. The Board takes a medium to long term approach to its investments and is confident as to their placement and performance, which it keeps under regular review through its Finance & Risk Committee.

Governance reviews

In line with good practice, the Trustees commission an independent Governance review every few years. The latest took place in 2022, giving the charity’s decision-making and oversight structures and succession planning a very good overall rating. The Board are working through the recommendations made in the review.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Statement of Trustee responsibilities

The Trustees (who are also directors of Julia’s House Limited for the purposes 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 Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate records that are sufficient to show and explain the charitable company and the group’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Awards and other kitemarks

Julia’s House won Charity of the Year at the National Business & Community Awards, an extraordinary achievement reflecting the standards of our care, the support we gave the NHS, our national research and mentoring of other children’s palliative care good causes.

The charity was also Workplace Health & Wellbeing winner at the Thames Valley Chamber of Commerce Awards.

Julia’s House ranked 2[nd] in Best Companies’ Top100 Charities to work for, a nationwide comparative staff survey (previous year’s ranking: 12[th] ) and achieved their ‘World Class’ employer standard for the first time.

The Trustees congratulate the entire Julia’s House team for their dedication and for always going the extra mile.

“Out child is always happy and excited when the care team arrive, which is a good indicator to us of the level of care and support the team provide”

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Remuneration policy and the Senior Management Team

Julia’s House through its Board of Trustees independently benchmarks its staff pay with external pay data of comparable roles in similar sized organizations including thirty-five hospices and several hundred charities.

The full time Chief Executive (CEO) Martin Edwards is responsible for ensuring the charity achieves the highest standards of care, clinical governance, training and management; achieves target annual income of nearly £10million; and produces innovative research and related campaigns.

The charity’s senior nurse is its full time Director of Care, Claire Hudson-Cooper, who runs the care services, ensuring the highest standards of clinical care and holistic family support, and who also contributes to regional and national improvements in standards and methods of care. Both the CEO and Director of Care are also responsible for NHS commissioning contracts and liaison with NHS and Social Care services to ensure optimal, joined-up care for the children.

The charity’s full time Deputy Chief Executive and Head of Fundraising, Mike Bartlett, is responsible for all voluntary income generation and for ensuring plans for further income growth. Methods of fundraising include appeals, corporate support, grants, events, a lottery, legacies and a retail chain.

The full time Communications and Marketing Director, Caroline Warnes, is responsible for the charity’s website, design and branding, social media and media relations, supporter communications and marketing of fundraising activities.

The full time Finance Director Ruth Spurrier (FCMA) is responsible for ensuring the charity accounts for all its income, expenditure, investments, payroll, pensions, taxes and other legal and financial obligations. The Finance Director is required to have a professional Accounting qualification.

The part time HR Director Diane de Souza (FCIPD) is responsible for ensuring the charity recruits and trains its staff to the highest levels, discharges all its legal responsibilities as an employer and looks after its 627 volunteers and its 220 staff roles (161 full time equivalents) in order to provide the best and most cost-effective service.

The Senior Management Team further supported the charity in 2022 through various significant voluntary fundraising, salary sacrifice, donations or Gifts in Kind.

Julia’s House Ltd

Registered Charity No 1067125 Company No 3465868 Registered with the Fundraising Regulator and Care Quality Commission www.juliashouse.org

“They are amazing; everything they do is amazing. They really know and care and give us time as a family”’

– parent of a child cared for by Julia’s House

This report was approved by the trustees on and signed on their behalf by: Mar 31, 2023

Brian Hutchinson (Mar 31, 2023 14:54 GMT+1)

Brian Hutchinson, Treasurer

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JULIA’S HOUSE

FOR THE YEAR ENDED 31 DECEMBER 2022

Opinion

We have audited the financial statements of Julia’s House Limited (the ‘parent charity’) and its subsidiary (the ‘group’) for the year ended 31 December 2022 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRS’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial 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 charity'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. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JULIA’S HOUSE

FOR THE YEAR ENDED 31 DECEMBER 2022

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other 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 there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion 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

In light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or 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 report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JULIA’S HOUSE

FOR THE YEAR ENDED 31 DECEMBER 2022

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 the financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Based on our understanding of the company and its industry, we considered that non-compliance with the following laws and regulations might have a material effect on the financial statements: Charites Act 2011, the Charities Statement of Recommended Practice, UK tax legislation, pensions legislation, employment regulation and health and safety regulation, anti-bribery, corruption and fraud, money laundering and non-compliance with implementation of government support schemes relating to COVID-19.

To help us identify instances of non-compliance with these laws and regulations, and in identifying and assessing the risk of material misstatement in respect to non-compliance, our procedures included, but were not limited to:

We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as the Charities Act 2011 and Companies Act 2006.

In addition, we evaluated the directors’ and management’s incentives and opportunities for fraudylent manipulation of the financial statements, including the risk of management override of controls, and determined that the principal risks related to; posting manual journal entries to manipulate financial performance, management bias through judgements and assumptions in significant accounting estimates, revenue recognition (which we pinpointed to the cut-off assertion with specific focus on legacies and the timing of the recognition of these), and significant one-off or unusual transactions and allocation of funds.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JULIA’S HOUSE

FOR THE YEAR ENDED 31 DECEMBER 2022

Our audit procedures in relation to fraud included but were not limited to:

There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of the audit report

This report is made solely to the charity’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members 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 responsibility to anyone other than the charity and the charity’s members as a body for our audit work, for this report, or for the opinions we have formed.

Jonathan Marchant (Apr 5, 2023 19:32 GMT+1)

Jonathan Marchant (Senior Statutory Auditor) for and on behalf of Mazars LLP

Chartered Accountants and Statutory Auditor

5[th] Floor Merck House Seldown Lane Poole BH15 1TW

Date: Apr 5, 2023

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (incorporating consolidated income and expenditure account)

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Fundraising events and Lottery
4
Income from shops
5
Government Covid income
6
Income from Investments
7
Total income
Expenditure on:
Expenditure on trading
5
Total income net of trading
expenditure
Expenditure on raising funds
8
Net income available for charitable
activities
Expenditure on charitable activities
9
Total expenditure
14
Net income before investment gains
Net (loss)/gains on investments
21
Net income/(loss) before transfers
Transfers between funds
26
Net movement in funds
Reconciliation of funds:
Totals funds at 1 January 2022
Total funds at 31 December 2022		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
4,162,009
674,612
4,836,621
3,266.559
-
824,235
824,235
861,255
1,095,236
150
1,095,386
1,002,658
2,663,171
-
2,663,171
1,934,595
47,543
1,889,018
1,936,561
1,828,269
32,127
-
32,127
3,317
8,000,086
3,388,015
11,388,101
8,896,653
2,231,109
-
2,231,109
1,950,178
5,768,977
3,388,015
9,156,992
6,946,475
1,483,818
-
1,483,818
1,228,363
4,285,159
3,388,015
7,673,174
5,718,112
2,043,873
3,126,129
5,170,002
4,222,485
5,758,800
3,126,129
8,884,929
7,401,026
2,241,286
261,886
2,503,172
1,495,627
(718,838)
-
(718,838)
582,412
1,522,448
261,886
1,784,334
2,078,039
26,630
(26,630)
-
-
1,549,078
235,256
1,784,334
2,078,039
15,331,812
450,172
15,781,984
13,703,945
16,880,890
685,428
17,566,318
15,781,984

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

CONSOLIDATED BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
19
Intangible assets
20
Investments
21
Current assets
Stocks
22
Debtors
23
Cash at bank and in hand
28
Creditors:amounts falling
due within one year
24
Net current assets
Net assets
Charity funds
26
Capital funds
Trading funds
Designated funds
General funds
Restricted funds
Total funds		 £
983,075
1,618,730
7,407,948		 2022
£
2,031,332
58,202
6,032,620		 £
885,341
2,344,261
5,280,392		 2021
£
2,060,092
50,912
5,751,458
8,122,154
9,444,164		 7,862,462
7,919,522
10,009,753
(565,589)		 8,509,994
(590,472)
17,566,318 15,781,984
2,089,534
439,246
11,236,645
3,115,465
685,428		 2,111,005
672,449
9,481,942
3,066,416
450,172
17,566,318 15,781,984

The financial statements were approved by the trustees on and signed on their behalf Mar 31, 2023 by:

Brian Hutchinson (Mar 31, 2023 14:54 GMT+1)

Brian Hutchinson, Treasurer

The notes on pages 20 to 41 form part of these financial statements.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

COMPANY BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
19
Intangible assets
20
Investments
21
Current assets
Stocks
22
Debtors
23
Cash at bank and in hand
Creditors:amounts falling
due within one year
24
Net current assets
Net assets
Charity funds
26
Capital funds
Designated funds
General funds
Restricted funds
Total funds		 £
376,104
2,041,504
6,953,311		 2022
£
2,031,332
58,202
6,032,620		 £
283,958
2,527,023
4,826,330		 2021
£
2,060,092
50,912
5,751,458
8,122,154
9,004,918		 7,862,462
7,247,073
9,370,919
(366,001)		 7,637,311
(390,238)
17,127,072 15,109,535
2,089,534
11,236,645
3,115,465
685,428		 2,111,005
9,481,942
3,066,416
450,172
17,127,072 15,109,535

The financial statements were approved by the trustees on and signed on their behalf Mar 31, 2023 by:

Brian Hutchinson (Mar 31, 2023 14:54 GMT+1)

Brian Hutchinson, Treasurer

The notes on pages 20 to 41 form part of these financial statements.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Cash flows from operating activities
Net income for the year (as per Statement of Financial Activities)
Adjustment for:
Depreciation charges
Amortisation charges
Losses/(gains) on investments
Dividends, interest and rents from investments
(Profit)/loss on sales of fixed assets
Increase in stocks
Decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operating activities
Cash flows from investing activities
Interest received
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from the sale of property, plant & equipment
Purchase of investments
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
28
Cash and cash equivalents carried forward
28		 2022
£
2021
£
1,784,334
2,078,039
241,187
251,584
23,530
16,907
718,838
(582,412)
(32,127)
(3,317)
75
(1,420)
(97,734)
(259,229)
725,531
659,790
(24,883)
133,443
3,338,751
2,293,385
32,127
3,317
(213,334)
(60,258)
(30,820)
(1,393)
832
2,500
(1,000,000)
(1,000,000)
(1,211,195)
(1,055,834)
2,127,556
1,237,551
5,280,392
4,042,841
7,407,948
5,280,392

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting Policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Julia’s House Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Statement of Financial Activities (SOFA) and Balance Sheet consolidate the financial statements of the company and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

No separate SOFA has been presented for the company alone as permitted by Section 408 of the Companies Act 2006 and paragraph 397 of the SORP.

1.2 Company status

The company is a company limited by guarantee. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting Policies (cont.)

1.4 Incoming resources

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the company, or the company 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.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

1.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting Policies (cont.)

1.7 Direct Charitable Expenditure

Expenditure is allocated between expense headings and funds as follow:

Payroll costs – on the basis of time spent on the charitable activities and fundraising. Depreciation – according to fixed asset usage by the charitable activities. Overheads – expenses are allocated by desk space and the remaining office costs.

1.8 Support Costs

Certain support costs are allocated directly on the basis of staff hours, however some of the costs for the purposes of the financial statements are allocated 20% to voluntary income expenditure and 80% to charitable activities.

1.9 Going concern

The financial statements have been prepared on the basis that the charity is a going concern. The Trustees approved a detailed income and expenditure budget for 2023 which envisages our various income streams returning to normal levels during the year. The existing higher level of reserves plus close financial controls mean the charity will be able to continue to provide the planned levels of care.

1.10 Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

1.11 Tangible fixed assets and depreciation

Fixed assets donated are recognised in the income and expenditure accounts at their net book value.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold property - over the lease term Motor vehicles - 4 years straight line Fixtures, fittings and equipment - 3 – 5 years straight line Buildings - 5 – 50 years straight line

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting Policies (cont.)

1.12 Investments

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. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.

Investments in subsidiaries are valued at cost less provision for impairment.

1.13 Stock

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Donated stock is recognised at net realisable value.

1.14 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount repaid net of any trade discounts due.

1.15 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.16 Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.17 Financial instruments

The group only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially measured at transaction value and subsequently measured at their settlement value.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting Policies (cont.)

1.18 Pensions

The group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the group to the fund in respect of the year.

The group operates a defined benefits pension scheme. The scheme is a multiemployer scheme where it is not possible, in the normal course of events, to identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging to individual participating employers. Therefore, as required by FRS 102, the group accounts for this scheme as if it was a defined contribution scheme. The amount charged to the Statement of Financial Activities represents contributions payable to the scheme in respect of the accounting period.

1.19 Government grants

Grants of a revenue nature are recognised in the Statement of Financial Activities in the same period as the related expenditure or the period to which the grant relates.

1.20 Judgements in applying accounting policies and key sources of estimation

The trustees consider the key judgements relate to the recognition of legacy income. Further details of this are included in 1.4.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2. Income from donations and legacies

Donations
Legacies
Grants
Gifts in kind
Total donations and legacies		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
1,493,921
112,450
1,606,371
1,262,255
2,454,369
1,500
2,455,869
1,668,837
111,616
560,662
672,278
174,441
102,103
-
102,103
161,026
4,162,009
674,612
4,836,621
3,266,559

In 2021, of the total income from donations and legacies, £184,575 was income to restricted funds and £3,081,984 was income to unrestricted funds.

3. Income from charitable activities

Government grant
NHS CCG		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
-
536,272
536,272
595,858
-
287,963
287,963
265,397
-
824,235
824,235
861,255

In 2021, of the total Income from charitable activities, £861,255 was restricted income and £nil was unrestricted income.

4. Fundraising income

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
£ £ £ £
Fundraising events and lottery 1,095,236 150 1,095,386 1,002,658

In 2021, of the total fundraising income, £75,806 was income to restricted funds and £926,852 was income to unrestricted funds.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

5. Retail trading results

Charity shop income
Sales
Sales under the donated goods scheme
Total income from shops
Government Covid income
Charity shop expenses
Direct costs
Staff costs
National insurance
Pension costs
Depreciation
Support costs
Net income from retail trading results		 Total
funds
2022
£
Total
funds
2021
£
1,681,239
1,348,507
981,932
586,088
2,663,171
1,934,595
46,153
524,759
2,709,324
2,459,354
661,550
551,129
1,092,899
966,366
74,140
55,103
99,327
84,398
47,925
46,365
255,268
246,817
2,231,109
1,950,178
478,215
509,176

The Shop income for the year was reduced by £981,932 (2021: £586,088) by the conversion of sales into donations through the Gift Aid on donated goods scheme.

This was raised directly by the efforts of the shops and should be seen as part of their performance. The total Gift Aid claimed through this scheme during the year was £223,196 (2021: £123,656).

In 2022 and 2021, all retail trading income and expenditure was unrestricted.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

6. Government Covid Income

Job Retention Scheme
Hospice UK – Government grant
Retail Grant
Kick Start
Statutory Sick Pay rebate		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
-
-
-
-
1,889,018
-
-
1,889,018
-
235,612
1,235,701
192,838
45,547
-
45,547
164,118
1,996
-
1,996
-
47,543
1,889,018
1,936,561
1,828,269

In 2021, of the total Government Covid income, £1,235,701 was income to restricted funds and £592,568 was income to unrestricted funds.

7. Investment income

Bank interest receivable
Dividends received		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
29,304
2,823
-
-
29,304
2,823
632
2,685
32,127
-
32,127
3,317

In 2021, all investment income was unrestricted.

8. Expenditure on raising funds

Direct costs
Premises costs
Overheads
Staff costs
Depreciation
Investment management costs		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
432,408
-
432,408
286,118
28,144
-
28,144
28,035
152,987
-
152,987
166,005
823,173
-
823,173
709,043
19,821
-
19,821
13,031
27,285
-
27,285
26,131
1,483,818
-
1,483,818
1,228,363

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

9.
Analysis of expenditure on charitable activities
Unrestricted
funds
2022
£
Restricted
funds
2022
£
Cost of care
2,043,873
3,126,129
10.
Analysis of resources expended by activities
Direct
costs
2022
£
Support
costs
2022
£
Cost of care
3,851,078
1,318,924
11.
Direct care costs
Premises costs
Overheads
Staff costs
National insurance
Pension cost
Depreciation
12.
Support costs
Expenditure
on shops
2022
£
Cost of
care
2022
£
Direct costs
75
131,860
Overheads
55,831
194,485
Staff cost
155,411
812,542
National insurance
16,531
86,969
Pension cost
16,858
86,387
Depreciation
10,562
6,681
255,268
1,318,924		 9.
Analysis of expenditure on charitable activities
Unrestricted
funds
2022
£
Restricted
funds
2022
£
Cost of care
2,043,873
3,126,129
10.
Analysis of resources expended by activities
Direct
costs
2022
£
Support
costs
2022
£
Cost of care
3,851,078
1,318,924
11.
Direct care costs
Premises costs
Overheads
Staff costs
National insurance
Pension cost
Depreciation
12.
Support costs
Expenditure
on shops
2022
£
Cost of
care
2022
£
Direct costs
75
131,860
Overheads
55,831
194,485
Staff cost
155,411
812,542
National insurance
16,531
86,969
Pension cost
16,858
86,387
Depreciation
10,562
6,681
255,268
1,318,924		 Total
funds
2022
£
Total
funds
2021
£
5,170,002
4,222,485
Total
funds
2022
£
Total
funds
2021
£
5,170,002
4,222,485
Expenditure
on shops
2022
£
Cost of
care
2022
£
75
131,860
55,831
194,485
155,411
812,542
16,531
86,969
16,858
86,387
10,562
6,681		 Total
funds
2022
£
Total
funds
2021
£
122,501
67,924
411,713
266,893
2,587,211
2,121,814
261,525
196,582
288,400
240,351
179,728
196,273
3,851,078
3,089,837
Total
2022
£
Total
2021
£
131,935
138,331
250,316
195,960
967,953
854,223
103,500
85,104
103,245
93,025
17,243
12,822
255,268
1,318,924		 1,574,192
1,379,465

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

13. Governance costs

Audit fees
Tax & advisory fees
Administration expenditure		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
15,600
-
15,600
16,500
1,170
-
1,170
6,005
22,451
-
22,451
4,063
39,221
-
39,221
26,568

14. Analysis of resources expended by expenditure type

Fundraising and events
Retail expenses
Cost of care		 Staff costs
2022
£
Depreciation
and
amortisation
2022
£
Other
costs
2022
£
Total
2022
£
Total
2021
£
823,173
19,821
640,824
1,483,818
1,228,363
1,455,166
58,487
717,456
2,231,109
1,950,178
4,123,034
186,409
860,559
5,170,002
4,222,485
6,401,373
264,717
2,218,839
8,884,929
7,401,026

15. Income

The charity generated 0.13% of its incoming resources from outside of the UK during the year (2021: 0.13%).

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

16. Net incoming resources

This is stated after charging;

2022 2021
£ £
Depreciation of tangible fixed assets:
-
Owned by the charitable group		 241,188 251,584
Amortisation of intangible assets:
-
Owned by the charitable group		 23,530 16,907
Operating lease rentals:
-
Premises rent		 354,007 301,328
-
Other leases		 4,746 4,394
Auditors’ remuneration (Group fees) 15,600 16,500

During the year rent concessions were received totalling £1,000 (2021: £21,281).

During the year, no trustee received any remuneration (2021: £nil). During the year, no trustees received any benefits in kind (2021: £nil). During the year, one trustee received reimbursement of expenses £404 (2021: £58).

During the year the company provided indemnity Insurance to cover all its trustees under their duties as trustees at a cost of £5,413 (2021: £3,386).

17. Staff costs

Staff costs were as follows:

taff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2022
£
2021
£
5,334,302
4,537,042
510,182
393,796
556,889
475,171
6,401,373
5,406,009

The average monthly number of employees was 222 (2021: 220) and the average monthly number of full time equivalent employees during the year was as follows:

Care staff
Others		 2022
No.
2021
No.
71
61
88
91
159
152

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

17. Staff costs (cont.)

The number of higher paid employees was:

he number of higher paid employees was:
In the band £60,001 - £70,000
In the band £70,001 - £80,000
In the band £80,001 - £90,000
In the band £90,001 to £100,000
In the band £100,001 to £110,000		 2022
No.
2021
No.
1
2
2
1
-
-
1
1
-
-
4
4

Key management personnel of the charity for the year comprise the Chief Executive, Deputy Chief Executive, Finance Director, HR Director, Director of Care and Communications & Marketing Director whose employee benefits total £459,248 (including pension contributions) (2021: £389,471).

18. Results of the parent charitable company

As permitted in accordance with Section 408 of the Companies Act 2006, the individual profit and loss account of the parent company is not presented as part of these consolidated financial statements. The parent company’s surplus for the financial year was £2,017,537 (2021: £1,863,134).

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

19. Tangible fixed assets

Group and Company
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
On disposals
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Leasehold
property
£
Motor
vehicles
£
Fixtures,
fittings &
equipment
£
Total
£
2,730,764
53,742
1,076,465
3,860,971
40,751
23,750
148,833
213,334
(29,650)
(3,800)
(44,907)
(78,357)
2,741,865
73,692
1,180,391
3,995,948
871,461
36,243
893,175
1,800,879
109,970
9,234
121,983
241,187
(29,238)
(3,800)
(44,412)
(77,450)
952,193
41,677
970,746
1,964,616
1,789,672
32,015
209,645
2,031,332
1,859,303
17,499
183,290
2,060,092

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

20. Intangible fixed assets

Group and Company
Cost
At 1 January 2022
Additions
Disposals
At 31 December 2022
Amortisation
At 1 January 2022
Charge for the year
On disposals
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Software
£
Total
£
85,189
85,189
30,820
30,820
-
-
116,009
116,009
34,277
34,277
23,530
23,530
-
-
57,807
57,807
58,202
58,202
50,912
50,912

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

21. Fixed asset investments

ixed asset investments
Group
Market value
At 1 January 2022
Additions
Revaluations
At 31 December 2022		 Listed
securities
£
5,751,458
1,000,000
(718,838)
6,032,620

Group and company investments at market value comprise:

Listed investments
All the fixed asset investments are held in the UK.
Split of investments:
UK bonds
Overseas bonds
UK equities
North American equities
Japanese equities
European equities
Asia Pacific equities
Global investments
Property
Absolute
Other investments
Cash		 2022
£
2021
£
6,032,620
5,751,458
31 December
2022
£
31 December
2021
£
376,941
381,393
523,719
241,424
1,388,784
1,347,968
1,387,601
155,574
1,387,321
185,318
403,043
535,972
302,755
312,064
315,286
191,077
202,260
260,854
328,658
241,638
236,146
565,362
282,270
230,650
6,032,620
5,751,458

All fixed asset investments are held in the UK.

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Company

In the current year and prior year, Julia’s House Limited also held a 100% investment in the Charity’s trading subsidiary, Julia’s House Trading Limited (company number 06296047) at the historic cost of £1. The registered office for Julia’s House Trading Limited is Ground Floor, Allenview House, Hanham Road, Wimborne, Dorset, BH21 1AS.

22. Stocks

Stock of donated goods
Stock of purchased goods		 Group
Company
2022
£
2021
£
2022
£
2021
£
977,356
883,441
373,366
283,958
5,719
1,900
2,738
-
983,075
885,341
376,104
283,958

23. Debtors

Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
Company
2022
£
2021
£
2022
£
2021
£
33,293
617,425
33,293
617,425
-
-
566,474
321,755
1,313,992
1,445,338
1,274,338
1,404,774
271,445
281,498
167,399
183,069
1,618,730
2,344,261
2,041,504
2,527,023

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

24. Creditors

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
Company
2022
£
2021
£
2022
£
2021
£
91,661
73,095
61,078
39,811
150,081
100,216
150,081
100,215
149,506
116,026
16,308
6,178
174,341
301,135
138,534
244,034
565,589
590,472
366,001
390,238

25. Deferred income

Deferred income at 1 January 2022
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 December 2022		 Group
Company
2022
£
2021
£
2022
£
2021
£
184,989
162,310
184,989
162,310
52,048
101,305
52,048
101,305
(184,989)
(78,626)
(184,989)
(78,626)
52,048
184,989
52,048
184,989

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

26.
Statement of funds		 26.
Statement of funds
Brought Incoming Resources Transfer Gains/ Carried
forward resources expended in/(out) (losses) forward
£ £ £ £ £ £
Capital funds 2,111,005 212,774 (260,161) 25,916 - 2,089,534
Trading
subsidiary 672,449 2,413,070 (2,646,273) - - 439,246
funds
Designated
funds
Care funds 8,036,846 - (1,792,343) 3,473,767 - 9,718,270
Information 203,817 - (36,484) (6,407) - 160,926
Systems
Hospice 54,170 - - (54,170) - -
Refurbishment
Lease funds 1,187,109 - (358,753) 529,093 - 1,357,449
9,481,942 - (2,187,580) 3,942,283 - 11,236,645
General funds 3,066,416 5,374,242 (664,786) (3,941,569) (718,838) 3,115,465
Total
unrestricted 15,331,812 8,000,086 (5,758,800) 26,630 (718,838) 16,880,890
funds

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

26. Statement of funds (cont.)

Restricted funds
Wiltshire nursing
& care costs
Dorset nursing &
care costs
Sibling project
Family support
Hospice costs
Playmaker
Covid Support
Total of funds		 Brought
forward
£
Incoming
resources
£
Resources
expended
£
Transfer
in/(out)
£
Gains/
(losses)
£
Carried
forward
£
64,457
253,274
(116,271)
-
-
201,460
218,267
1,199,585
(946,349)
-
-
471,503
-
1,740
(1,740)
-
-
-
2,400
4,520
(3,920)
-
-
3,000
16,228
39,878
(20,011)
(26,630)
-
9,465
173
-
(173)
-
-
-
148,647
1,889,018
(2,037,665)
-
-
-
450,172
3,388,015
(3,126,129)
(26,630)
-
685,428
15,781,984
11,388,101
(8,884,929)
- (718,838)
17,566,318
Summary of funds
Capital funds
Trading subsidiary
funds
Designated funds
General funds
Restricted funds
Total of funds		 Brought
Forward
£
Incoming
resources
£
Resources
expended
£
Transfer
in/(out)
£
Gains/
(losses)
£
Carried
forward
£
2,111,005
212,774
(260,161)
25,916
-
2,089,534
672,449
2,413,070
(2,646,273)
-
-
439,246
9,481,942
-
(2,187,580)
3,942,283
-
11,236,645
3,066,416
5,374,242
(664,786)
(3,941,569)
(718,838)
3,115,465
15,331,812
8,000,086
(5,758,800)
26,630
(718,838)
16,880,890
450,172
3,388,015
(3,126,129)
(26,630)
-
685,428
15,781,984
11,388,101
(8,884,929)
-
(718,838)
17,566,318

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

Capital funds

This represents the net book value of assets and is not available to fund future expenditure.

Trading subsidiary funds

This fund represents the surplus from the operation of Julia’s House Trading Limited.

Designated funds

The designated care fund represents an approximate value for providing 18 months of continued care at Julia's House Hospice and Community services in Dorset and Wiltshire along with the necessary support.

The designated Lease fund represents the non-cancellable financial obligation that the charity has for operating leases and hence are funds that are not available to be spent.

The designated information systems fund relates to the upgrade of IT systems.

The designated Hospice Refurbishment fund is for costs of the Dorset Hospice refurbishment project.

Restricted funds

Restricted funds can only be expended in accordance with the donor’s specific instructions.

Wiltshire nursing and care costs – Represents donations received for nurses and carers in Wiltshire.

Dorset nursing and care costs – This fund relates to donations received towards the cost for nurses and carers in Dorset.

Sibling project – Represents donations specifically received to fund sibling events. Family support – This relates to funding received for the family support team and family events.

Hospice costs - This fund relates to the general running costs of the Hospices. Playmaker fund – This relates to donations towards purchase of play equipment in the Wiltshire Hospice.

Covid Support – Represents income received from the government as grants during the COVID-19 pandemic to support Hospice running costs.

Julia's House would like to thank the many Trusts and foundations for their significant support in particular;

James Tudor Foundation The Adrian Swire Charitable Trust The Wiltshire Community Foundation

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

27. Analysis of net assets between funds

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 Unrestricted
funds
2022
£
Restricted
funds
2022
£
Total
funds
2022
£
Total
funds
2021
£
575,599
1,455,733
2,031,332
2,060,092
58,202
-
58,202
50,912
6,032,620
-
6,032,620
5,751,458
10,780,058
(770,305)
10,009,753
8,509,994
(565,589)
-
(565,589)
(590,472)
16,880,890
685,428
17,566,318
15,781,984

28. Analysis of cash and cash equivalents

nalysis of cash and cash equivalents
Cash in hand
Deposit accounts
Total		 2022
£
2021
£
62,646
128,761
7,345,302
5,151,631
7,407,948
5,280,392

29. Pension commitments

The group operates a defined contribution scheme available to its employees. Contributions are charged in the financial statements as they are incurred.

Employees that have previously been a member of the NHS pension scheme before joining the Charity, have an option to continue the scheme provided the criteria have been met. The NHS Pension Scheme is a final salary occupational scheme.

The Charity has no liability beyond making its contributions and paying across the deductions for the employee’s contributions.

Contributions are charged in the financial statements as they are incurred. Contributions totalling £892 were outstanding at the balance sheet date (2021: £478).

The total pension contributions payable by the group in the year amounted to £556,889 (2021: £475,171).

JULIA’S HOUSE LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

30. Operating lease commitments

At 31 December 2022 the group had annual commitments under non-cancellable operating leases as follows:

Group and Company
Expiry date:
Within 1 years
Between 2 and 5 years
After more than 5 years		 Land and buildings
Other
2022
£
2021
£
2022
£
2021
£
376,437
332,271
4,117
2,932
889,749
799,166
9,852
6,593
77,293
46,147
-
-
1,343,480
1,177,584
13,969
9,525

31. Other commitments

Contracted for but not provided in
these financial statements		 Group
Company
2022
£
2021
£
2022
£
2021
£
104,350
-
104,350
-

32. Controlling party

The charity was under the control of the trustees throughout the current and previous years.

33. Related parties

There are no related parties to disclose other than the reimbursement of expenses as disclosed in note 16.