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2023-12-31-accounts

Charity number: 1067125

Julia’s House Limited

Registered number: 03465868

Trustees’ report and financial statements

For the year ended 31 December 2023

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 2023

Trustees

Brian Parker, Chairman Steve Fraser, Treasurer Mark Nixon Karen Glastonbury Barbara Baker , Vice Chairman Jacqueline Irvine Sally Smith Dr Simon Pennell Ruth Spurling David Hordle Christopher Jerram

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 2023

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

“No matter how strong you are, it’s not until you are put in a position like ours that you realise how fundamental children’s hospices like Julia’s House are for your wellbeing.”

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 2023. 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 2023 to achieve its aims:

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

  2. Family support for siblings, parents and other carers

  3. Additional family support with the cost of living crisis

  4. Complementary therapies

  5. Counselling for children and family members

  6. End of life care

  7. Bereavement support

  8. Influencing and dissemination of research 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

Julia’s House is immensely grateful to all our supporters and volunteers: our care is your gift to the community. You have helped us look after some of the most seriously ill children in Dorset and Wiltshire, bringing comfort and, where possible, joy to their daily lives.

Care services

“Because of his complex condition, my son needs round-the-clock attention from someone who is trained to care for him. When Julia’s House comes that’s the only respite we get at home, and they are amazing. I don’t know what we’d do without them.”

More children were referred to us for care than ever before, which reflects national advances in medicine, for example in neonatal units where more children are now surviving beyond the first few days of life and requiring our support when they are discharged.

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Inflation and the cost of living continue to disproportionately affect parents of disabled children, for example where one parent has to give up work to care for their child and that child requires more heating to keep warm or electricity for their wheelchair. Our family support workers research and apply to sources of grants for these families, securing over 100 grants totalling £65,000 for families in 2023 to help pay for heating, children’s clothes, food vouchers, a bed or a specialist disability car seat. They also make arrangements with local food banks where needed.

Our counselling service continued to be in high demand. It is not just a bereavement service: children, siblings and parents also benefit from counselling during the child’s life, helping them to come to terms with the enormous stresses they face.

“It’s exhausting caring 24/7 for a child who is incredibly disabled, so when Julia’s House come in and take over for a few hours it literally lightens everybody’s day up. It means I can go for a walk with my six-year-old daughter, and I don’t have to worry about our son because I know he’s happy and safe.’

Julia’s House 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. At our annual The Remembering Day we invite all bereaved families to gather together and mark the life of each child who has passed away.

Care Quality Commission (CQC) rating

The CQC rates both Julia’s House services, for Wiltshire and Dorset, as ‘Outstanding’. The most recent inspection concluded in 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’”.

Staff support

With rising demand on our care services and a challenging recruitment market for clinical and carer roles, Julia’s House needs to be an exemplary employer. The charity provides a mental health and wellbeing helpline, an employee forum and surveys to listen to staff feedback, and training for line managers in advanced interpersonal skills.

Julia’s House has clear and simple ‘CHILD’ values which is incorporates into induction, training, line management and appraisals:

Compassionate and Caring Honesty and Integrity It’s up to all of us Listen and learn Determined to excel

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Julia’s House Research and Policy influencing

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

Other research by Prof. Lorna Fraser et al of York University

https://adc.bmj.com/content/early/2021/03/01/archdischild-2020-320655 followed the health of 35,600 mothers over ten years, excluding prior health conditions. This found that compared to mothers of healthy children, mothers of a child with a life-limiting condition are nearly twice as likely to suffer serious mental health illness and more than twice as likely to develop cardiovascular disease.

Despite numerous invitations, no Government Minister has yet agreed to meet us to consider the implication of this research. Julia’s House continues to try to draw attention to the plight of exhausted parent carers.

‘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 funding contribution

Julia’s House received just 8.5% of its income in 2023 from the NHS.

Julia’s House is seeking to work with NHS Integrated Care Boards for both counties on a strategy for children’s palliative care. Respite breaks, because they help keep parent carers together, should be a strategic preventative priority.

A more sustainable funding model for hospices would help preserve essential palliative care that is currently over-reliant on fundraising and donations.

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Equality, Diversity and Inclusion

Everything we do in caring for the children of Julia’s House is about treating them 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 similarly fair to all, diverse in thought and background, and highly supportive so that people can excel. We also 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 unconscious bias.

The charity’s HR team and employee forums are developing wider awareness in the charity of unseen disability among colleagues.

A full statement on our actions around Equality, Diversity and Inclusion can be found on the charity’s website.

Financial Review

“Julia’s House understand what life is like with a disabled child and they have that experience to offer me advice and put my mind at rest.’

Julia’s House is extremely grateful for all donations and fundraising, and to everyone who works in, gives to or shops in our retail chain.

Restricted and designated income, general funds and service continuity

The charity will carry forward £2,198,743 of free general funds into 2024.

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 from Julia’s House shops which represent funds held in the subsidiary used to generate income for the charity.

  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.

Most forms of public fundraising struggled in 2023 due to the rising cost of living. Inflation also affected the charity’s costs. Overall this resulted in a deficit year for the charity.

Government funding accounted for 8.5% of overall income in 2023.

The charity is profoundly grateful to everyone who remembers Julia’s House in their Will. Legacies accounted for 40% of the charity’s voluntary income in 2023.

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

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.

Julia’s House is committed to continuity of care and support, and designates funds to sustain our nursing, care and family support that our service users rely on, in the event of a serious shortfall in the charity’s income.

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 current impact of the economy on charitable giving.

The charity’s Reserves at the end of 2023 constituted 12 months’ worth of 2024 budgeted operating expenditure. This is forecast to reduce over the next two to three years with further budgeted deficits. The Trustees therefore assess that the current level of Reserves is both prudent and necessary to maintain the charity’s care services.

Volunteers

Julia’s House has 601 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.

Overall volunteer support in 2023 increased by 16% on 2022. In 2023 volunteers gave over 73,000 hours of support, the equivalent of 40 full time staff and a cost saving to the charity of £760,000 (if based on National Minimum Wage). Additionally, many of these roles generate substantial income, in retail and fundraising. Many other volunteer roles are in care support. The charity is extremely grateful for all this 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 and long-service awards for those who have served 5, 10, 15 or 20+ years. The 20+ award is named the Mike Wise lifetime achievement award, after our founder, the late Mike Wise MBE.

Donated premises

The site of the Julia’s House Dorset hospice is provided on a peppercorn rent by The Valentine Trust. One of the Julia’s House shops is provided rent-free by its landlord. The Trustees are tremendously grateful for these generous Gifts in Kind.

Fundraising practices and performance

Inflation and the continuing adverse economic climate meant that most forms of fundraising and donations struggled in 2023, which is highly likely to continue in 2024.

The Julia’s House shops had a solid year in 2023 as more people bought second-hand goods. However, income from events, sponsored challenges and other forms of community fundraising was below budgeted levels, as was support from private sources.

Income from the charity’s weekly lottery grew although slightly less than budgeted.

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The charity continued to generate high awareness in Wiltshire to plant the seeds for future support, notably with a well-supported art trail and auction in Swindon. In 2023 Julia’s House also marked the 20[th] anniversary of its first care services with publicity and fundraising opportunities.

In 2023 the charity received £772,371 of Government income, and £5,147,027 of voluntary fundraising or donations including legacies.

Excluding its Retail Trading arm, 74% of the charity’s expenditure was spent on care services in 2023.

Julia’s House Trading Ltd shops generated £2,942,730 of gross income and a net profit of £572,954 with an additional £237,307 generated in Gift Aid on donated goods.

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.

“It is so inspiring to meet supporters and to remind ourselves that the community is funding all this for our families.’

Investments

The aim of the charity is to achieve an acceptable level of return on its investments while avoiding having investments in the portfolio that place funds in the hands of businesses of which the charity does not approve, such as tobacco, pornography and child labour. The charity’s investments rose in value overall during 2023 by £620,357.

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.

The charity’s plans for 2024 and beyond

The charity aims to maintain adequate designated and general funds to ensure service continuity.

In the context of current budgeted deficits and the adverse economic climate, our main goals are:

  1. Provide care at current levels to every eligible child and support for their family.

  2. Closely monitor and report on performance of income and expenditure versus budgeted levels. 3. Continue to invest in voluntary income generation and public awareness.

  3. Open more shops.

  4. Consistently promote the importance of legacy giving to supporters.

  5. Seek stronger partnerships with local Health & Social Care Integrated Care Boards to improve children’s palliative care; continue to influence local and national policy makers to seek more sustainable funding for hospices.

In addition, the charity must decide on the affordability of relocating its Dorset hospice to new premises. Since the hospice first opened in 2006, advances in medical science have meant more children are living longer with their conditions. This has highlighted the limited space for day respite and for end of life care, but the site cannot be developed further. It would cost around £7million to build a larger, more suitable site, which would have higher running costs. The Trustees and Executive Team are assessing the viability and timing of an appeal and the economic climate required for its success, given the paramount importance of achieving current revenue targets and maintaining safe levels of Reserves to underpin the charity’s current care service.

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Financial performance, standards of care and income generation, and strategic priorities are regularly reviewed by the Board; the Chief Executive and Executive Team are charged with goals and standards to achieve the charity’s plans.

The Trustees are committed to ensuring that the charity’s care remains 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 understand what life is like with a disabled child and they have that experience to offer me advice and put my mind at rest..’

Structure, governance and management

Trust aims and public benefit

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 life-shortening 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.

The Board has strong skills and experience in the areas needed for the charity to be well governed. These include medicine and nursing; parents of service users; business and commerce; finance; fundraising; HR and law. Potential new Trustees are assessed according to whether they fulfil a gap in these skills and experience.

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, as well as key strategic and financial papers when due, to review performance and assess current 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. They may serve up to six years on the Board, and retire [resign] by rotation. The Trustees who held office from the 1 January 2023 to the date of this report, unless otherwise stated, were:

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Brian Parker (Chairman) Barbara Baker (Vice Chair) Karen Glastonbury David Hordle (appointed 1[st] February 2024) Brian Hutchinson (Treasurer) (resigned 6[th] April 2023) Steve Fraser (Treasurer) (appointed 11[th] April 2023) Jacquie Irvine Christopher Jerram (service user family representative) (appointed 1[st] February 2024) Justin Kline (service user family representative) (resigned 24[th] July 2023) Mark Nixon Sally Smith Dr Simon Pennell (appointed 15[th] June 2023) Ruth Spurling (service user family representative) (appointed 11[th] April 2023) Samantha Tucker (service user family representative, resigned November 2022) Peter Wragg (Vice Chairman) (resigned 26[th] July 2023)

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, into which the Health & Safety Working Group reports. 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 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 from which 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 and probability. Action plans are in place to mitigate against these risks. The Register and action plans are kept under regular review by the Board.

Future factors that will affect financial performance include the impact of inflation on expenditure and on 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 significant but diminishing deficits year on year as the economy recovers. Reserves levels are underpinning the charity’s care services in the meantime.

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. In 2023 the Trustees implemented the few recommendations from this review.

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

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 charity and the 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

In addition to its care being rated ‘Outstanding’ by the CQC, in 2023 Julia’s House ranked 1[st] in Best Companies’ Top Charities to Work For, a nationwide comparative staff survey (previous year’s ranking: 2[nd] ) and achieved their ‘World Class’ employer standard.

The charity has featured in Best Companies’ Top 100 employers for 15 years running. Excellence in staff engagement and wellbeing is even more important in the current labour market’s shortage of doctors, nurses and carers.

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 comparably sized organizations including thirty-five hospices and several hundred charities.

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

The Director of Care, Claire Hudson-Cooper, is an oncology specialist nurse who runs the care services, ensuring the highest standards of clinical care and holistic family support, and who 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.

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The charity’s 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 £3million turnover retail chain which includes the largest charity shop in the South of England.

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

The 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.

Hannah-May Tatton took over from the retiring Diane de Souza during 2023 as the charity’s HR Director, responsible for ensuring the charity recruits and trains its staff to the highest levels, discharges its legal responsibilities as an employer and looks after its 601 volunteers and 238 staff roles (176 full time equivalents) in order to provide the best and most cost-effective service.

The Senior Management Team further supported the charity in 2023 through various significant voluntary fundraising challenges; a fundraising event they arranged; salary sacrifice; donations or Gifts in Kind. The Trustees acknowledge with thanks this level of extra commitment.

Julia’s House Ltd Registered Charity No 1067125 Company No 3465868 Registered with the Fundraising Regulator and Care Quality Commission www.juliashouse.org

“Like most people when I heard the word hospice I was daunted. But Julia’s House is a happy place. It’s a home. You don’t’ really think of it as a hospice. It’s a place that helps you make the most of life, and helps you appreciate everything you have.”’

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

This report was approved by the trustees on Mar 28, 2024 and signed on their behalf by:

S Fraser

S Fraser (Mar 28, 2024 18:58 GMT)

Steve Fraser, 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 2023

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 2023 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 2023

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 2023

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 Care Quality Commission requirements.

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 fraudulent 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 2023

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 2, 2024 19:38 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 2, 2024

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 2023

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/(loss) before investment
gains
Net gain/(loss) on investments
21
Net income/(loss) before transfers
Transfers between funds
26
Net movement in funds
Reconciliation of funds:
Totals funds at 1 January 2023
Total funds at 31 December 2023		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
3,633,563
255,798
3,889,361
4,836,621
-
772,371
772,371
824,235
1,257,667
-
1,257,667
1,095,386
2,942,730
-
2,942,730
2,663,171
-
-
-
1,936,561
196,032
-
196,032
32,127
8,029,992
1,028,169
9,058,161
11,388,101
2,375,151
-
2,375,151
2,231,109
5,654,841
1,028,169
6,683,010
9,156,992
1,959,041
-
1,959,041
1,483,818
3,695,800
1,028,169
4,723,969
7,673,174
4,520,908
1,197,318
5,718,226
5,170,002
8,855,100
1,197,318
10,052,418
8,884,929
(825,108)
(169,149)
(994,257)
2,503,172
620,357
-
620,357
(718,838)
(204,751)
(169,149)
(373,900)
1,784,334
54,978
(54,978)
-
-
(149,773)
(224,127)
(373,900)
1,784,334
16,880,890
685,428
17,566,318
15,781,984
16,731,117
461,301
17,192,418
17,566,318

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

CONSOLIDATED BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2023

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		 £
1,067,935
2,128,931
6,047,610		 2023
£
1,933,967
38,727
6,652,977		 £
983,075
1,618,730
7,407,948		 2022
£
2,031,332
58,202
6,032,620
8,625,671
8,566,747		 8,122,154
9,444,164
9,244,476
(677,729)		 10,009,753
(565,589)
17,192,418 17,566,318
1,972,692
573,172
11,986,510
2,198,743
461,301		 2,089,534
439,246
11,236,645
3,115,465
685,428
17,192,418 17,566,318

The financial statements were approved by the trustees on Mar 28, 2024 and signed on their behalf by:

S Fraser

S Fraser (Mar 28, 2024 18:58 GMT)

Steve Fraser, 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 2023

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		 £
373,732
2,703,719
5,382,021		 2023
£
1,933,967
38,727
6,652,977		 £
376,104
2,041,504
6,953,311		 2022
£
2,031,332
58,202
6,032,620
8,625,671
7,993,575		 8,122,154
9,004,918
8,459,472
(465,897)		 9,370,919
(366,001)
16,619,246 17,127,072
1,972,692
11,986,510
2,198,743
461,301		 2,089,534
11,236,645
3,115,465
685,428
16,619,246 17,127,072

The financial statements were approved by the trustees on Mar 28, 2024 and signed on their behalf by:

S Fraser

S Fraser (Mar 28, 2024 18:58 GMT)

Steve Fraser, 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 2023

Note
Cash flows from operating activities
Net (loss)/income for the year (as per Statement of Financial
Activities)
Adjustment for:
Depreciation charges
Amortisation charges
(Gains)/losses on investments
Dividends, interest and rents from investments
Loss on sale of fixed assets
Increase in stocks
(Increase)/decrease in debtors
Increase/(decrease) 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		 2023
£
2022
£
(373,900)
1,784,334
210,566
241,187
27,015
23,530
(620,357)
718,838
(196,032)
(32,127)
562
75
(84,860)
(97,734)
(510,201)
725,531
112,140
(24,883)
(1,435,067)
3,338,751
196,032
32,127
(114,013)
(213,334)
(7,540)
(30,820)
250
832
-
(1,000,000)
74,729
(1,211,195)
(1,360,338)
2,127,556
7,407,948
5,280,392
6,047,610
7,407,948

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023

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 2023

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 2024 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 2023

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 2023

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 2023

2. Income from donations and legacies

Donations
Legacies
Grants
Gifts in kind
Total donations and legacies		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
1,360,794
150,039
1,510,833
1,606,371
2,048,797
2,516
2,051,313
2,455,869
119,075
103,243
222,318
672,278
104,897
-
104,897
102,103
3,633,563
255,798
3,889,361
4,836,621

In 2022, of the total income from donations and legacies, £674,612 was income to restricted funds and £4,162,009 was income to unrestricted funds.

3. Income from charitable activities

Government grant
NHS ICB		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
-
482,645
482,645
536,272
-
289,726
289,726
287,963
-
772,371
772,371
824,235

In 2022, of the total Income from charitable activities, £824,235 was restricted income and £nil was unrestricted income.

4. Fundraising income

Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Fundraising events and lottery 1,257,667 - 1,257,667 1,095,386

In 2022, of the total fundraising income, £150 was income to restricted funds and £1,095,236 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 2023

5. Retail trading results

etail 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
2023
£
Total
funds
2022
£
1,998,015
1,681,239
944,715
981,932
2,942,730
2,663,171
-
46,153
2,942,730
2,709,324
715,323
661,550
1,190,018
1,092,899
76,624
74,140
111,670
99,327
46,303
47,925
235,213
255,268
2,375,151
2,231,109
567,579
478,215

The Shop income for the year was reduced by £944,715 (2022: £981,932) 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 £237,307 (2022: £223,196).

In 2023 and 2022, 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 2023

6.

Government Covid Income
Hospice UK – Government grant
Kick Start
Statutory Sick Pay rebate		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
-
-
-
1,889,018
-
-
-
45,547
-
-
-
1,996
-
-
-
1,936,561

In 2022, of the total Government Covid income, £1,889,018 was income to restricted funds and £47,543 was income to unrestricted funds.

7. Investment income

nvestment income
Bank interest receivable
Dividends received		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
192,921
-
192,921
29,304
3,111
-
3,111
2,823
196,032
-
196,032
32,127

In 2022, all investment income was unrestricted.

8. Expenditure on raising funds

Direct costs
Premises costs
Overheads
Staff costs
Depreciation
Investment management costs		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
848,542
-
848,542
432,408
19,181
-
19,181
28,144
149,802
-
149,802
152,987
887,827
-
887,827
823,173
24,045
-
24,045
19,821
29,644
-
29,644
27,285
1,959,041
-
1,959,041
1,483,818

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

9. Analysis of expenditure on charitable activities

Unrestricted
funds
2023
£
Restricted
funds
2023
£
Cost of care
4,520,908
1,197,318
10.
Analysis of resources expended by activities
Direct
costs
2023
£
Support
costs
2023
£
Cost of care
4,426,752
1,291,474
11.
Direct care costs
Premises costs
Overheads
Staff costs
National insurance
Pension cost
Depreciation
12.
Support costs
Expenditure
on shops
2023
£
Cost of
care
2023
£
Direct costs
56
83,693
Overheads
41,162
193,459
Staff cost
149,729
826,490
National insurance
15,319
84,890
Pension cost
18,139
93,773
Depreciation
10,808
9,169
235,213
1,291,474		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
4,520,908
1,197,318		 Total
funds
2023
£
Total
funds
2022
£
5,718,226
5,170,002
Total
funds
2023
£
Total
funds
2022
£
5,718,226
5,170,002
Expenditure
on shops
2023
£
Cost of
care
2023
£
56
83,693
41,162
193,459
149,729
826,490
15,319
84,890
18,139
93,773
10,808
9,169		 Total
funds
2023
£
Total
funds
2022
£
75,711
122,501
459,292
411,713
3,073,449
2,587,211
302,833
261,525
368,211
288,400
147,256
179,728
4,426,752
3,851,078
Total
2023
£
Total
2022
£
83,749
131,935
234,621
250,316
976,219
967,953
100,209
103,500
111,912
103,245
19,977
17,243
235,213
1,291,474		 1,526,687
1,574,192

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

13. Governance costs

Audit fees
Tax & advisory fees
Administration expenditure		 Unrestricted
funds
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
20,000
-
20,000
15,600
4,655
-
4,655
1,170
6,807
-
6,807
22,451
31,462
-
31,462
39,221

14. Analysis of resources expended by expenditure type

Fundraising and events
Retail expenses
Cost of care		 Staff costs
2023
£
Depreciation
and
amortisation
2023
£
Other
costs
2023
£
Total
2023
£
Total
2022
£
887,827
24,045
1,047,169
1,959,041
1,483,818
1,561,499
57,111
756,541
2,375,151
2,231,109
4,749,646
156,425
812,155
5,718,266
5,170,002
7,198,972
237,581
2,615,865
10,052,418
8,884,929

15. Income

The charity generated 0.1% of its incoming resources from outside of the UK during the year (2022: 0.13%).

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

16. Net incoming resources

This is stated after charging;

2023 2022
£ £
Depreciation of tangible fixed assets:
-
Owned by the charitable group		 210,566 241,188
Amortisation of intangible assets:
-
Owned by the charitable group		 27,015 23,530
Operating lease rentals:
-
Premises rent		 373,855 354,007
-
Other leases		 5,013 4,746
Auditors’ remuneration (Group fees) 20,000 15,600

During the year rent concessions were received totalling £nil (2022: £1,000). During the year, no trustee received any remuneration (2022: £nil). During the year, no trustees received any benefits in kind (2022: £nil).

During the year, two trustees received reimbursement of expenses totalling £627 (2022: £404).

During the year the company provided indemnity Insurance to cover all its trustees under their duties as trustees at a cost of £5,871 (2022: £5,413).

17. Staff costs

Staff costs were as follows:

taff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2023
£
2022
£
5,982,225
5,334,302
553,011
510,182
663,736
556,889
7,198,972
6,401,373

The average monthly number of employees was 234 (2022: 222) and the average monthly number of full time equivalent employees during the year was as follows:

Care staff
Others		 2023
No.
2022
No.
84
71
90
88
174
159

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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		 2023
No.
2022
No.
1
1
1
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 £493,206 (including pension contributions) (2022: £459,248).

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 deficit for the financial year was £507,826 (2022: £2,017,537).

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

19. Tangible fixed assets

Group and Company
Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
On disposals
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Leasehold
property
£
Motor
vehicles
£
Fixtures,
fittings &
equipment
£
Total
£
2,741,865
73,692
1,180,391
3,995,948
37,867
-
76,146
114,013
(1,690)
-
(20,596)
(22,286)
2,778,042
73,692
1,235,941
4,087,675
952,193
41,677
970,746
1,964,616
113,166
11,187
86,213
210,566
(994)
-
(20,480)
(21,474)
1,064,365
52,864
1,036,479
2,153,708
1,713,677
20,828
199,462
1,933,967
1,789,672
32,015
209,645
2,031,332

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

20. Intangible fixed assets

Group and Company
Cost
At 1 January 2023
Additions
Disposals
At 31 December 2023
Amortisation
At 1 January 2023
Charge for the year
On disposals
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Software
£
Total
£
116,009
116,009
7,540
7,540
-
-
123,549
123,549
57,807
57,807
27,015
27,015
-
-
84,822
84,822
38,727
38,727
58,202
58,202

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

21. Fixed asset investments

ixed asset investments
Group
Market value
At 1 January 2023
Additions
Revaluations
At 31 December 2023		 Listed
securities
£
6,032,620
-
620,357
6,652,977

Group and company investments at market value comprise:

2023 2022
£ £
Listed investments 6,652,977 6,032,620

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		 31 December
2023
£
31 December
2022
£
746,845
376,941
431,532
381,393
1,195,736
1,388,784
1,937,556
1,387,601
152,187
155,574
440,915
403,043
339,652
302,755
342,156
315,286
204,256
191,077
236,017
328,658
318,571
236,146
307,554
565,362
6,652,977
6,032,620

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 2023

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
2023
£
2022
£
2023
£
2022
£
1,058,875
977,356
369,222
373,366
9,060
5,719
4,510
2,738
1,067,935
983,075
373,732
376,104

23. Debtors

Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
Company
2023
£
2022
£
2023
£
2022
£
44,181
33,293
44,181
33,293
-
-
743,509
566,474
1,767,994
1,313,992
1,707,988
1,274,338
316,756
271,445
208,041
167,399
2,128,931
1,618,730
2,703,719
2,041,504

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

24. Creditors

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
Company
2023
£
2022
£
2023
£
2022
£
148,882
91,661
118,737
61,078
144,570
150,081
144,570
150,081
190,103
149,506
56,953
16,308
194,174
174,341
145,637
138,534
677,729
565,589
465,897
366,001

25. Deferred income

Deferred income at 1 January 2023
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 December 2023		 Group
Company
2023
£
2022
£
2023
£
2022
£
52,048
184,989
52,048
184,989
58,754
52,048
58,754
52,048
(52,048)
(184,989)
(52,048)
(184,989)
58,754
52,048
58,754
52,048

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

26.
Statement of funds		 26.
Statement of funds
Brought Incoming Resources Transfer Gains/ Carried
forward resources expended in/(out) (losses) forward
£ £ £ £ £ £
Capital funds 2,089,534 65,652 (237,472) 54,978 - 1,972,692
Trading
subsidiary 439,246 2,701,934 (2,568,008) - - 573,172
funds
Designated
funds
Care funds 9,718,270 - (4,028,759) 4,685,969 - 10,375,480
Information 160,926 - (30,262) 31,304 - 161,968
Systems
Hospice - - - 68,163 - 68,163
Refurbishment
Lease funds 1,357,449 - (378,868) 402,318 - 1,380,899
11,236,645 - (4,437,889) 5,187,754 - 11,986,510
General funds 3,115,465 5,262,406 (1,611,731) (5,187,754) 620,357 2,198,743
Total
unrestricted 16,880,890 8,029,992 (8,855,100) 54,978 620,357 16,731,117
funds

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

26.
Statement of funds (cont.)		 26.
Statement of funds (cont.)
Restricted funds Brought Incoming Resources Transfer Gains/ Carried
forward resources expended in/(out) (losses) forward
£ £ £ £ £ £
Wiltshire nursing
& care costs		 201,460 111,442 (128,181) - - 184,721
Dorset nursing &
care costs		 471,503 824,825 (1,027,282) - - 269,046
Sibling project - 16,500 (14,570) - - 1,930
Family support 3,000 13,428 (15,722) - - 706
Hospice costs 9,465 61,974 (11,563) (54,978) - 4,898
685,428 1,028,169 (1,197,318) (54,978) - 461,301
Total of funds 17,566,318 9,058,161 (10,052,418) - 620,357 17,192,418
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
£
2,089,534
65,652
(237,472)
54,978
-
1,972,692
439,246
2,701,934
(2,568,008)
-
-
573,172
11,236,645
-
(4,437,889)
5,187,754
-
11,986,510
3,115,465
5,262,406
(1,611,731)
(5,187,754)
620,357
2,198,743
16,880,890
8,029,992
(8,855,100)
54,978
620,357
16,731,117
685,428
1,028,169
(1,197,318)
(54,978)
-
461,301
17,566,318
9,058,161
(10,052,418)
-
620,357
17,192,418

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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.

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

The Adrian Swire Charitable Trust Ann Burns Trust The J&M Foundation The John Horseman Trust The Late Lord Methuen’s Charitable Trust Malmesbury League of Friends The Steel Charitable Trust The Margaret Fisher Charitable Trust Wiltshire Community Foundation

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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
2023
£
Restricted
funds
2023
£
Total
funds
2023
£
Total
funds
2022
£
498,375
1,435,592
1,933,967
2,031,332
38,727
-
38,727
58,202
6,652,977
-
6,652,977
6,032,620
10,218,767
(974,291)
9,244,476
10,009,753
(677,729)
(677,729)
(565,589)
16,731,117
461,301
17,192,418
17,566,318

28. Analysis of cash and cash equivalents

nalysis of cash and cash equivalents
Cash in hand
Deposit accounts
Total		 2023
£
2022
£
74,565
62,646
5,973,045
7,345,302
6,047,610
7,407,948

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 £137 were outstanding at the balance sheet date (2022: £892).

The total pension contributions payable by the group in the year amounted to £663,736 (2022: £556,889).

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

30. Operating lease commitments

At 31 December 2023 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
2023
£
2022
£
2023
£
2022
£
374,187
376,437
5,347
4,117
894,999
889,749
13,073
9,852
93,293
77,293
-
-
1,362,479
1,343,479
18,420
13,969

31. Other commitments

Contracted for but not provided in
these financial statements		 Group
Company
2023
£
2022
£
2023
£
2022
£
111,240
104,350
111,240
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.