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2024-12-31-accounts

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

Charity number: 1067125

Julia’s House Limited

Registered number: 03465868

Trustees’ report and

financial statements For the year ended 31 December 2024

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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 2024

Trustees

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

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

Saffery LLP, Midland House, 2 Poole Road, Bournemouth, BH2 5QY

Bankers

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

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

“Without Julia’s House, I feel the daily demands of medical needs, emergency care, limited sleep, and no time to breathe would become overwhelming and threaten the balance we hold on to so desperately.”

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 2024. 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 2024 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

  4. Complementary therapies

  5. Counselling for children and family members

  6. End of life care

  7. Bereavement support

These services 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, 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 for helping us to look after many of Dorset and Wiltshire’s most seriously ill children, bringing care and comfort to their lives.

Care services

“When I first came to Julia’s House, I didn’t know what to expect. The children are so poorly, but they’re all so happy, this is their sanctuary.”

With advances in medical science, children tend to live longer with their conditions. As more children are born requiring our support, this gradually increases the number of children in our care.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The cost of living disproportionately affects parents of children with complex health needs; one or both parents may have to reduce their hours 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:

“Everything is a battle when you’re caring for a child with complex needs like [our son], but with Julia’s House it isn’t – they make it easy for us.’

The charity continued to provide counselling to siblings and parents, both as carers and later in bereavement, helping them with the enormous stresses they face:

“[Our son’s] siblings have all used the sibling support services over the years. When his little sister was eight she really started to struggle with anxiety, having witnessed him being taken away by ambulance lots of times. Julia’s House was able to help, by funding counselling sessions for her so she could talk about her worries and learn ways to manage her emotions.’

Julia’s House made a contribution towards each child’s funeral or memorial costs in 2024. The charity provides regular bereavement support to families for up to five years after a child’s passing. At our annual Remembering Day, we invite all bereaved families together and mark the life of each child who has passed away.

In an anonymous survey, 100% of respondents said they would recommend Julia’s House to other families who may fit our criteria.

“Julia’s House really goes above and beyond for the whole family, giving us help and support emotionally and physically.”’

Care Quality Commission (CQC) rating

The CQC rates both Julia’s House services, for Wiltshire and Dorset, as ‘Outstanding’.

Staff support

With rising demand on our care services and a challenging recruitment market in healthcare, 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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

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

NHS funding and Julia’s House Policy and Influencing work

In 2024, Julia’s House played a significant role in bringing the financial needs of hospices to the Government’s attention, generating meetings at the Department of Health & Social Care and achieving major television and press coverage. This reinforced work undertaken by Hospice UK and Together for Short Lives. At the end of 2024, the Government announced a significant fund for hospice capital costs that will run until March 2026 (see Finance section below).

Julia’s House received just 7.7% of its income in 2024 from the NHS.

Because of the time-limited nature of the national fund for hospice capital costs, and the mixed picture in funding from one county to the next, it remains vital to secure long term stability for hospice financing nationwide.

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.

In our most recent anonymous survey of service user families, 100% of respondents said the service met their family’s needs in terms of race, culture, ethnicity and diversity.

We strive for a similarly fair, diverse and inclusive working culture that supports people to excel. We offer flexible working wherever possible, advertise many vacancies nationally, highlight underrepresented groups in our workforce, and encourage applicants from these groups, operate ‘blind’ shortlisting good practice, and train managers in fair recruitment practices.

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

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Financial Review

“With Julia’s House, I feel like I can breathe again. It doesn’t matter what the day is like or what I’m going through, I’m not on my own – and that’s priceless.’

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 £5,904,594 of free general funds into 2025.

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.

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.

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.

Although a number of sources of income grew in 2024, costs rose faster and Julia’s House posted a deficit of £145,763 in the year and the charity had to rely on its reserves.

The hospices capital fund recently created by Government is very welcome, although it will end in March 2026. The fund was announced following a campaign by England’s hospices in response to rises in employer National Insurance, which will cost Julia’s House an extra £250,000 annually. With a long term solution to Government funding of hospices still elusive, and continuing deficits forecast, Julia’s House faces difficult choices going forwards.

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 economic climate.

The charity’s Reserves at the end of 2024 constituted 12.6 months’ worth of 2025 budgeted operating expenditure. This is forecast to reduce over the next 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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Volunteers

Julia’s House has 608 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 2024 remained in line with the high levels that we saw in 2023. In 2024 volunteers gave over 73,000 hours of support, the equivalent of 40 full time staff and a cost saving to the charity of £862,000 (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 all unpaid volunteers.

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 service award, after our founder, the late Mike Wise MBE.

“I honestly don’t think I have a word that could praise Julia’s House enough. I absolutely adore everything about them – what they do, what they represent. It’s a pity we’ve had to meet such special people because of these circumstances. We would be so lost without Julia’s House.”

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

The continuing adverse economic climate created tough conditions for fundraising and donations in 2024, however thanks to the generosity of the public, income achieved budgeted levels from our lottery, events, companies and community sources.

The charity is profoundly grateful to everyone who remembers Julia’s House in their Will. Legacies were below budgeted levels but still accounted for 41% of the charity’s voluntary income in 2024.

The Julia’s House shops were slightly above budgeted levels and exceeded their 2023 income. The directors reluctantly decided for profitability reasons to exit the Chippenham shop at its lease break, however a new Julia’s House shop opened in Swindon which has performed very well. The charity plans to open more new shops across Wiltshire and Dorset in the future. The great majority of Julia’s House volunteers work in its shops and are pivotal to the retail chain’s profitability.

In 2024 the charity received £782,608 of Government income and £6,034,907 of voluntary fundraising including donations, legacies, events and lottery.

Shops operated by Julia’s House Trading Ltd, a subsidiary company, generated £3,213,425 of gross income and a net profit of £640,165 with an additional £239,032 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 registered with the Fundraising Regulator and carries the Fundraising Regulator logo on the website and on fundraising and marketing material as a sign of our ongoing commitment to sector best practice.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The Fundraising and Retail Management Team continually monitor guidance and regulations from the Chartered Institute of Fundraising, the Fundraising Regulator, the Gambling Commission, the Information Commissioner’s Office, the Charity Retail Association and the Hospice Lotteries Association. The charity is committed to ensuring that the lottery in operated in a secure, fair and socially responsible way and endorses responsible gambling amongst its members.

Both fundraising and retail staff undertake regular safeguarding training, with clear lines of communication to report any complaints or safeguarding concerns. Any supporters deemed vulnerable will be treated with the upmost respect and would not be asked to contribute to the charity, in line with the Code of Fundraising Practice.

Any third parties we work with are carefully selected and subject to a fundraising agreement which sets out the high standards expected hen representing the charity. This is carefully monitored through welfare calls to new supporters.

“We’re so grateful to Julia’s House and the difference they’ve made to our lives. I honestly don’t know how we would have gotten through this past year without them.’

The charity’s plans for 2025 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 excellent care and support for the children and families; help as many as possible within financial limitations.

  2. Assess viability of building a small extension to the Dorset hospice to future-proof end of life service, as a far cheaper alternative to relocating to a new site.

  3. Make savings to move towards a balanced budget within four years.

  4. Maximise our culture to meet our needs, including best possible use of volunteer roles.

  5. Prioritise investment in areas of income with most growth potential.

  6. Invest in systems and technology to help achieve the above goals.

The trustees will only proceed with the extension to the Dorset Hospice if it is prudent and affordable whilst maintaining reserves within policy levels.

Financial performance, standards of care services 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 charity remains committed to providing care to the best standards in the country.

“When the Julia’s House nurses and carers are looking after [our son], I know that he is getting the very best care. I can take my eyes off him, and I know I don’t have to worry. I don’t feel like I can do that with anyone else, it’s the most amazing gift.”

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024 to the date of this report, unless otherwise stated, were:

Brian Parker (Chairman) Barbara Baker (Vice Chair) Stephen Fraser (Treasurer) Karen Glastonbury David Hordle (appointed 1[st] January 2024) Jacqueline Irvine Christopher Jerram (service user family representative) (appointed 1[st] February 2024) Mark Nixon Dr Simon Pennell Sally Smith Ruth Spurling (service user family representative)

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the charity’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the charity’s auditor is aware of that information.

Risk management and future financial factors

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.

Investments

The aim of the charity is to achieve an acceptable level of return on its investments, while avoiding investing in businesses of which the charity does not approve, such as tobacco, pornography and child labour. The charity’s investments rose in value overall during 2024 by £534,456.

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 Trustees implemented recommendations from this review across 2023-34 and continue to keep governance and succession planning in mind, resulting in two new Trustees joining in 2024.

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).

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024 Julia’s House ranked 10[th] in Best Companies’ Top Charities to Work For, a nationwide comparative staff survey, and achieved their ‘Outstanding’ employer standard. Excellence in staff engagement and wellbeing is vital in the labour market’s continuing 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 research and campaigns to support the aims of the charity and of the hospice movement nationally.

The Director of Care, Claire Hudson-Cooper, is a palliative care 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.

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 and other participation activities, a lottery, legacies and a £3million turnover retail chain.

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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

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.

The HR Director, Hannah-May Tatton, is 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 608 volunteers and 241 staff roles (187 full time equivalents) to provide the best and most cost-effective service.

The Senior Management Team further supported the charity in 2024 by developing significant voluntary fundraising challenges; and by 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

“Everyone at Julia’s House is so personable and warm and kind. When people hear ‘hospice’ it can bring up so many connotations in your head. But Julia’s House is so much more than that – really it’s about life and not about death. It’s about bringing life to families, who are living in a place of grief.” ’

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

This report was approved by the trustees on March 2025 and signed on their behalf by: 27th

(¢ Signed by:

Stephen Fraser, Treasurer

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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 2024

Opinion

We have audited the financial statements of Julia’s House Limited (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 December 2024 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 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 group and parent charitable company 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 group or the parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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 2024

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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 the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 9, the trustees (who are also the directors of the parent 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 and the parent charitable company’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 group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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 2024

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditors under the Companies Act 2006 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the group and parent 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.

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. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

We assessed the susceptibility of the group and parent charitable company’s financial statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation of the financial statements. We identified laws and regulations that are of significance in the context of the group and parent charitable company by discussions with trustees, and updating our understanding of the sectors in which the group and parent charitable company operate.

Laws and regulations of direct significance in the context of the group and parent charitable company include The Companies Act 2006, Charities Act 2011, the Charities Statement of Recommended Practice, guidance issued by the Charity Commission for England and Wales and Care Quality Commission Regulations.

Audit response to risks identified:

We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disclosures. WE reviewed the parent charitable company’s records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the parent charitable company’s policies and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit, the engagement partner’s review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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 2024

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available 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 parent charitable company’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 parent charitable company’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 parent charitable company and the parent charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

C7 by:

Casidhe Baleri (Senior Statutory Auditor) for and on behalf of Saffery LLP Statutory Auditors

Midland House 2 Poole Road Bournemouth Dorset BH2 5QY Date: 01 April 2025

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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 2024

Note
Income from:
Donations and legacies
2
Charitable activities
3
Other trading activities
Fundraising events and Lottery
4
Income from shops
5
Income from Investments
6
Total income
Expenditure on:
Expenditure on trading
5
Total income net of trading
expenditure
Expenditure on raising funds
7
Net income available for charitable
activities
Expenditure on charitable activities
8
Total expenditure
13
Net income/(loss) before investment
gains
Net gain/(loss) on investments
20
Net income/(loss) before transfers
Transfers between funds
25
Net movement in funds
Reconciliation of funds:
Totals funds at 1 January 2024
Total funds at 31 December 2024		 Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
Total
funds
2023
£
4,594,263
268,165
4,862,428
3,889,361
-
782,608
782,608
772,371
1,163,079
9,400
1,172,479
1,257,667
3,213,425
-
3,213,425
2,942,730
189,724
-
189,724
196,032
9,160,491
1,060,173
10,220,664
9,058,161
2,617,106
-
2,617,106
2,375,151
6,543,385
1,060,173
7,603,558
6,683,010
1,877,454
833
1,878,287
1,959,041
4,665,931
1,059,340
5,725,271
4,723,969
5,240,010
1,165,480
6,405,490
5,718,226
9,734,570
1,166,313
10,900,883
10,052,418
(574,079)
(106,140)
(680,219)
(994,257)
534,456
-
534,456
620,357
(39,623)
(106,140)
(145,763)
(373,900)
88,590
(88,590)
-
-
48,967
(194,730)
(145,763)
(373,900)
16,731,117
461,301
17,192,418
17,566,318
16,780,084
266,571
17,046,655
17,192,418

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

CONSOLIDATED BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 18 1,828,165 1,933,967
Intangible assets 19 122,781 38,727
Investments 20 7,187,433 6,652,977
9,138,379 8,625,671
Current assets
Stocks 21 1,397,035 1,067,935
Debtors 22 2,122,343 2,128,931
Cash at bank and in hand 27 5,037,602 6,047,610
8,556,980 9,244,476
Creditors:amounts falling 23 (648,704) (677,729)
due within one year
Net current assets 7,908,276 8,566,747
Net assets 17,046,655 17,192,418
Charity funds 25
Capital funds 1,950,946 1,972,692
Trading funds 640,383 573,172
Designated funds 8,284,161 11,986,510
General funds 5,904,594 2,198,743
Restricted funds 266,571 461,301
Total funds 17,046,655 17,192,418

27 March 2025

The financial statements were approved by the trustees on and signed on their behalf by:

(¢ SignedBSA47E029A4F by: 493... Stephen Fraser, Treasurer

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

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

COMPANY BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 18 1,828,165 1,933,967
Intangible assets 19 122,781 38,727
Investments 20 7,187,433 6,652,977
9,138,379 8,625,671
Current assets
Stocks 21 464,238 373,732
Debtors 22 2,777,995 2,703,719
Cash at bank and in hand 4,440,712 5,382,021
7,682,945 8,459,472
Creditors:amounts falling 23 (415,052) (465,897)
due within one year
Net current assets 7,267,893 7,993,575
Net assets 16,406,272 16,619,246
Charity funds 25
Capital funds 1,950,946 1,972,692
Designated funds 8,284,161 11,986,510
General funds 5,904,594 2,198,743
Restricted funds 266,571 461,301
Total funds 16,406,272 16,619,246

27th The financial statements were approved by the trustees on March 2025 and signed on their behalf by:

(¢Signedby:
BSA47E029A4F
493...
Stephen Fraser, Treasurer

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

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

CONSOLIDATED CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2024

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
(Profit)/loss on sale of fixed assets
Increase in stocks
Decrease/(increase) 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
27
Cash and cash equivalents carried forward
27		 2024
£
2023
£
(145,763)
(373,900)
218,617
210,566
26,531
27,015
(534,456)
(620,357)
(189,724)
(196,032)
(1,200)
562
(329,100)
(84,860)
6,588
(510,201)
(29,025)
112,140
(977,532)
(1,435,067)
189,724
196,032
(114,058)
(114,013)
(111,142)
(7,540)
3,000
250
-
-
(32,476)
74,729
(1,010,008)
(1,360,338)
6,047,610
7,407,948
5,037,602
6,047,610

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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.

The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting Policies (cont.)

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.

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 2025 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.

Software

1.11 Tangible fixed assets and depreciation

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

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting Policies (cont.)

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

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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting Policies (cont.)

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.

1.18 Employee benefits

The costs of short-term employee benefits are recognised as a liability and expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.19 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.

1.20 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.

1.21 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.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2. Income from donations and legacies

Donations
Legacies
Grants
Gifts in kind
Total donations and legacies		 Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
Total
funds
2023
£
1,854,560
183,646
2,038,206
1,510,833
2,567,045
500
2,567,545
2,051,313
171,458
84,019
255,477
222,318
1,200
-
1,200
104,897
4,594,263
268,165
4,862,428
3,889,361

In 2023, of the total income from donations and legacies, £255,798 was income to restricted funds and £3,633,563 was income to unrestricted funds.

3. Income from charitable activities

Government grant
NHS ICB		 Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
Total
funds
2023
£
-
494,000
494,000
482,645
-
288,608
288,608
289,726
-
782,608
782,608
772,371

In 2023, of the total Income from charitable activities, £772,371 was restricted income and £nil was unrestricted income.

4. Fundraising income

Unrestricted Restricted Total Total
funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Fundraising events and lottery 1,163,079 9,400 1,172,479 1,257,667

In 2023, of the total fundraising income, £nil was income to restricted funds and £1,257,667 was income to unrestricted funds.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5. Retail trading results

etail trading results
Charity shop income
Sales
Sales under the donated goods scheme
Total income from shops
Charity shop expenses
Direct costs
Staff costs
National insurance
Pension costs
Depreciation
Support costs
Net income from retail trading results		 Total
funds
2024
£
Total
funds
2023
£
2,166,073
1,998,015
1,047,352
944,715
3,213,425
2,942,730
729,694
715,323
1,338,577
1,190,018
90,247
76,624
122,542
111,670
34,258
46,303
301,788
235,213
2,617,106
2,375,151
596,319
567,579

The Shop income for the year was reduced by £1,047,352 (2023: £944,715) 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 £239,032 (2023: £237,307).

In 2024 and 2023, all retail trading income and expenditure was unrestricted.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.
Investment income
Bank interest receivable
Dividends received		 Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
Total
funds
2023
£
189,724
-
189,724
192,921
-
-
-
3,111
189,724
-
189,724
196,032

In 2023, all investment income was unrestricted.

7. Expenditure on raising funds

Direct costs
Premises costs
Overheads
Staff costs
Depreciation
Investment management costs		 Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
Total
funds
2023
£
700,364
833
701,197
848,542
23,240
-
23,240
19,181
147,992
-
147,992
149,802
950,932
-
950,932
887,827
23,070
-
23,070
24,045
31,856
-
31,856
29,644
1,877,454
833
1,878,287
1,959,041

8. Analysis of expenditure on charitable activities

Unrestricted Restricted Total Total
funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Cost of care 5,240,010 1,165,480 6,405,490 5,718,226

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9. Analysis of resources expended by activities

Direct Support Total Total
costs costs funds funds
2024 2024 2024 2023
£ £ £ £
Cost of care 4,812,490 1,593,000 6,405,490 5,718,226

10. Direct care costs

Premises costs
Overheads
Staff costs
National insurance
Pension cost
Depreciation		 Total
funds
2024
£
Total
funds
2023
£
98,855
75,711
461,025
459,292
3,354,185
3,073,449
330,860
302,833
400,933
368,211
166,632
147,256
4,812,490
4,426,752

11. Support costs

Direct costs
Overheads
Staff cost
National insurance
Pension cost
Depreciation		 Expenditure
on shops
2024
£
Cost of
care
2024
£
Total
2024
£
Total
2023
£
-
120,813
120,813
83,749
61,820
231,743
293,563
234,621
185,942
1,005,463
1,191,405
976,219
19,309
104,582
123,891
100,209
23,907
120,022
143,929
111,912
10,810
10,377
21,187
19,977
301,788
1,593,000
1,894,788
1,526,687

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

12. Governance costs

Unrestricted Restricted Restricted Total
Total
funds funds funds funds
2024 2024 2024 2023
£ £ £ £
Audit fees 22,800 - 22,800 20,000
Tax & advisory fees 2,395 - 2,395 4,655
Administration expenditure 6,125 - 6,125 6,807
31,320 - 31,320 31,462
nalysis of resources expended by expenditure type
Depreciation
and Other
Staff costs amortisation costs Total Total
2024 2024 2024 2024 2023
£ £ £ £ £
Fundraising and events 950,932 23,070 904,285 1,878,287 1,959,041
Retail expenses 1,780,524 45,068 791,514 2,617,106 2,375,151
Cost of care 5,316,045 177,009 912,436 6,405,490 5,718,226
8,047,501 245,147
2,608,235		 10,900,883
10,052,418

13. Analysis of resources expended by expenditure type

14. Income

The charity generated 0.1% of its incoming resources from outside of the UK during the year (2023: 0.1%).

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

15. Net incoming resources

This is stated after charging;

2024 2023
£ £
Depreciation of tangible fixed assets:
-
Owned by the charitable group		 218,617 210,566
Amortisation of intangible assets:
-
Owned by the charitable group		 26,531 27,015
Operating lease rentals:
-
Premises rent		 393,077 373,855
-
Other leases		 5,956 5,013
Auditors’ remuneration (Group fees) 22,800 20,000

During the year, no trustee received any remuneration (2023: £nil). During the year, no trustees received any benefits in kind (2023: £nil).

During the year, two trustees received reimbursement of expenses totalling £1,411 (2023: £627).

During the year the company provided indemnity Insurance to cover all its trustees under their duties as trustees at a cost of £3,284 (2023: £5,871).

16. Staff costs

Staff costs were as follows:

taff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 2024
£
2023
£
6,675,704
5,982,225
625,596
553,011
746,201
663,736
8,047,501
7,198,972

The average monthly number of employees was 246 (2023: 234) and the average monthly number of full time equivalent employees during the year was as follows:

Care staff
Others		 2024
No.
2023
No.
85
84
98
90
183
174

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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		 2024
No.
2023
No.
-
1
3
1
1
1
-
-
1
1
5
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 £587,632 (including employer’s national insurance and pension contributions) (2023: £544,580).

17. 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 £212,975 (2023: £507,826).

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

18. Tangible fixed assets

Group and Company
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Leasehold
property
£
Motor
vehicles
£
Fixtures,
fittings &
equipment
£
Total
£
2,778,042
73,692
1,235,941
4,087,675
26,481
-
87,577
114,058
(630)
(14,481)
(16,432)
(31,543)
2,803,893
59,211
1,307,086
4,170,190
1,064,365
52,864
1,036,479
2,153,708
117,160
11,187
90,270
218,617
(189)
(14,480)
(15,631)
(30,300)
1,181,336
49,571
1,111,118
2,342,025
1,622,557
9,640
195,968
1,828,165
1,713,677
20,828
199,462
1,933,967

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

19. Intangible fixed assets

Group and Company
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Amortisation
At 1 January 2024
Charge for the year
On disposals
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023		 Software
£
Total
£
123,549
123,549
111,142
111,142
(1,393)
(1,393)
233,298
233,298
84,822
84,822
26,531
26,531
(836)
(836)
110,517
110,517
122,781
122,781
38,727
38,727

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

20. Fixed asset investments

Fixed asset investments
Group
Market value
At 1 January 2024
Additions
Revaluations
At 31 December 2024
Group and company investments at market value comprise:		 Listed
securities
£
6,652,977
-
534,456
7,187,433
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		 2024
£
2023
£
7,187,433
6,652,977
31 December
2024
£
31 December
2023
£
812,639
746,845
461,524
431,532
1,093,847
1,195,736
2,797,822
1,937,556
200,697
152,187
378,973
440,915
342,602
339,652
197,611
342,156
183,596
204,256
276,722
236,017
273,447
318,571
167,953
307,554
7,187,433
6,652,977

All fixed asset investments are held in the UK.

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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.

21. Stocks

Stock of donated goods
Stock of purchased goods		 Group
Company
2024
£
2023
£
2024
£
2023
£
1,387,437
1,058,875
461,091
369,222
9,598
9,060
3,147
4,510
1,397,035
1,067,935
464,238
373,732

22. Debtors

Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 Group
Company
2024
£
2023
£
2024
£
2023
£
35,303
44,181
35,303
44,181
-
-
806,767
743,509
1,880,380
1,767,994
1,828,142
1,707,988
206,660
316,756
107,783
208,041
2,122,343
2,128,931
2,777,995
2,703,719

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

23. Creditors

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 Group
Company
2024
£
2023
£
2024
£
2023
£
105,424
148,882
86,852
118,737
146,306
144,570
146,306
144,570
175,106
190,103
10,126
56,953
221,868
194,174
171,768
145,637
648,704
677,729
415,052
465,897

24. Deferred income

Deferred income at 1 January 2024
Resources deferred during the year
Amounts released from previous years
Deferred income at 31 December 2024		 Group
Company
2024
£
2023
£
2024
£
2023
£
58,754
52,048
58,754
52,048
77,846
58,754
77,846
58,754
(58,754)
(52,048)
(58,754)
(52,048)
77,846
58,754
77,846
58,754

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

25. Statement of funds

Capital funds
Trading
subsidiary
funds
Designated
funds
Care funds
Information
Systems
Hospice
Refurbishment
Lease funds
General funds
Total
unrestricted
funds		 Brought
forward
£
Incoming
resources
£
Resources
expended
£
Transfer
in/(out)
£
Gains/
(losses)
£
Carried
forward
£
1,972,692
139,860
(242,996)
81,390
-
1,950,946
573,172
2,940,678
(2,873,467)
-
-
640,383
10,375,480
-
(4,717,098)
812,319
-
6,470,701
161,968
-
(39,944)
(29,906)
-
92,118
68,163
-
(22,350)
-
-
45,813
1,380,899
-
(399,032)
693,662
-
1,675,529
11,986,510
-
(5,178,424)
1,476,075
-
8,284,161
2,198,743
6,079,953
(1,439,683)
(1,468,875)
534,456
5,904,594
16,731,117
9,160,491
(9,734,570)
88,590
534,456
16,780,084

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of funds (cont.)

Restricted funds
Wiltshire nursing
& care costs
Dorset nursing &
care costs
Sibling project
Family support
Hospice costs
Fundraising
Total of funds		 Brought
forward
£
Incoming
resources
£
Resources
expended
£
Transfer
in/(out)
£
Gains/
(losses)
£
Carried
forward
£
184,721
294,425
(311,098)
(27,005)
-
141,043
269,046
629,308
(776,848)
(27,005)
-
94,501
1,930
11,050
(12,924)
-
-
56
706
61,692
(50,111)
(7,200)
-
5,087
4,898
62,865
(14,499)
(27,380)
-
25,884
-
833
(833)
-
-
-
461,301
1,060,173
(1,166,313)
(88,590)
-
266,571
17,192,418
10,220,664
(10,900,883)
-
534,456
17,046,655

Summary of funds

ummary 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
£
1,972,692
139,860
(242,996)
81,390
-
1,950,946
573,172
2,940,678
(2,873,467)
-
-
640,383
11,986,510
-
(5,178,424)
1,476,075
-
8,284,161
2,198,743
6,079,953
(1,439,683)
(1,468,875)
534,456
5,904,594
16,731,117
9,160,491
(9,734,570)
88,590
534,456
16,780,084
461,301
1,060,173
(1,166,313)
(88,590)
-
266,571
17,192,418
10,220,664
(10,900,883)
-
534,456
17,046,655

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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 12 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. Fundraising – This fund relates to specific funding for a fundraising event.

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

The Adrian Swire Charitable Trust Henry C Hoare Charitable Trust The Morrisons Foundation Greenfingers Charity The John Horseman Trust The Sam Waters Memorial Fund The Toy Trust Wiltshire Community Foundation

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

26. Analysis of net assets between funds

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year		 Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
Total
funds
2023
£
445,590
1,382,575
1,828,165
1,933,967
70,572
52,209
122,781
38,727
7,187,433
-
7,187,433
6,652,977
9,725,193
(1,168,213)
8,556,980
9,244,476
(648,704)
-
(648,704)
(677,729)
16,780,084
266,571
17,046,655
17,192,418

27. Analysis of cash and cash equivalents

nalysis of cash and cash equivalents
Cash in hand
Deposit accounts
Total		 2024
£
2023
£
1,072,843
74,565
3,964,759
5,973,045
5,037,602
6,047,610

28. 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 £1,910 were outstanding at the balance sheet date (2023: £137).

The total pension contributions payable by the group in the year amounted to £746,201 (2023: £663,736).

Docusign Envelope ID: C3F7AC5B-31BF-4F0C-97B8-D5446639444E

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

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

29. Operating lease commitments

At 31 December 2024 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
2024
£
2023
£
2024
£
2023
£
393,604
374,187
6,737
5,347
947,355
894,999
13,000
13,073
314,833
93,293
-
-
1,655,792
1,362,479
19,737
18,420

30. Other commitments

Contracted for but not provided in
these financial statements		 Group
Company
2024
£
2023
£
2024
£
2023
£
-
111,240
-
111,240

31. Controlling party

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

32. Related parties

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

The charity has taken advantage of the exemption from disclosing related party transactions undertaken between wholly owned members of the group that have been concluded under normal market conditions.