Registered Charity Number: 1076958
Company Number: 03809663
Bluebell Wood Children's Hospice
(A Company Limited by Guarantee)
Trustees, Report and Financial Statements
for the year ended 31 March 2024
Bluebell
Wood
CHILDREN'S HOSPICE

Contents
P•ge
Charlty Information .
Trustees. Report..
Independent Audltorfs Report....................................................
.11
Statement of Financlal Actlvltles................,............................................
.14
Balance Sheet...................
.15
Statement of Cash Flows.................,.................................................
.16
Notes to the Flnanclal Statements..............................
.17

Bluebell Wood Children's Hospice
Charity Information
Trustees
D Wilkin
S Allen
S Hall
R Thomas
L Beaumont
R Chapman
N Didlock
J Black
R Kinder
R Simpson
I resigned 5 April 2023)
(resigned 15 August 2023)
(resigned 30 June 2023)
(appointed 14 August 2023, resigned 21 December 2023}
(appointed 14 August 2023)
(appointed 26 October 2023)
Senior Leadership Team
E Doughty
Strategic lead Care Services (interim) (to 31 May 2023)
strategic lead - Care Services Director (from l June 2023}
Strategic lead Engagement (interim) (resigned 30 June 2023)
Strategic Lead Operations (interim) (resigned 28 April 2023)
Head of Finance (resigned 31 luly 2023)
CEO
Chief Nurse
Income Generation and Communications Director (from 2 January
2024)
Finance and Resources Director (from 4 March 2024)
M Oldale
K Rodgers
H Hawkins
M Tatterton
S Wood
ALee
Registered charity number
1076958
Company number
03809663
Principal and registered office
Bluebell Wood Children's Hospice
Cramfit Road
North Anston
Sheffield
S25 4AJ
Auditor
Azets Audit Services Limited
12 King Street
Leeds
LSI 2HL
Bankers
The Royal Bank of Scotland plc
15 St Sepulchre Gate
Doncaster
DNI ITF
Investment Managers
Investec
Beech House
61 Napier Street
She￿Ield
SII 8HA

Bluebell Wood Children's Hospice
Trustees. Report for the year ended 31 March 2024
Bluebell Wood Children's Hospice trustees present their report and the audited financial statements
for the year ended 31 March 2024. The Charity Information page forms part of this report.
The financial statements comply with current statutory requirements, the memorandum and articles
of association, the requirements of a directors, report as required under company law, and the
Statement of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable to
charities preparing their accounts in accordance with FRS 102.
Objectives and activities
Purpose and aims
Bluebell Wood Children's Hospice was founded in 1998. We are a UK registered charity and a limited
company. Our charitable objectives are as follows:
The relief of sickness, suffering and disability in the North of England, Midlands, and adjacent areas
in particular:
To provide medical, material, emotional, educational, and spiritual care for and
accommodation for children and young people suffering from life shortening and life-
threatening illnesses and conditions.
2. To support the needs of members of the families of such children and young people as are
occasioned by the sickness, disability or death of such children and young people in
particular the needs of counselling and accommodation.
3. To promote, carry out, or take part in research into palliative or other care for any terminal
or chronic sickness or disability which may affect children and young people and to publish
the useful results of such research.
4. To promote, encourage, provide, or assist in the teaching or training of doctors, nurses,
physiotherapists, administrators, social workers, and other persons engaged in any branch
of medicine, surgery, nursingi or allied services.
Vision and values
Our vision is to reach every family that needs our help, and to offer them the best choice of care.
Our values..
The families we help are at the centre of everything we do. We will treat everyone with
respect and dignity.
We recognise and embrace individual differences.
We value everything who works with us and recognise that great things happen when we
work together.
We will be fair and honest with everyone.
We are here to listen and encourage you to share your thoughts with us.
We value the gifts of time and money and make every penny count.
Activities
At Bluebell Wood Children's Hospice, we care for children and young adults whose Ilves are sadly
just too short, both in their own homes and at our hospice in North Anston. We accept referrals for
babies, children, and young people up to the age of eighteen and will support current young people
through to twenty-five.

Bluebell Wood Children's Hospice
Trustees, Report for the year ended 31 March 2024
Objectives and activities (continued)
We believe that every family deserves to make magical memories with their child, whether they
have years, months, weeks, or days together. Our motto is "Living with love and laughter. and
every day we help families make the most of their time together. whether that's hours, days, weeks,
months, or years. We do this at the hospice, in families, homes, at schools and in hospitals.
Our hospi￿ opened its doors on 19th September 2008, and since then we've been a home from
home for families facing the toughest of times,. we have plenty of fun activities for families to create
special memories together, including soft play, sensory activities, cinema, spa pool, play and music
therapy, and fun in our large gardens.
All our services are completely free to families who are referred to Bluebell Wood and include:
Short Breaks - Children and young people can stay with us either on their own or with their
family members at our hospice, supported by our team of specialist nurses and healthcare
support workers, and are able to use all the facilities and services mentioned above. All our
bedrooms, across both our children's and parent's wings, have private terraces and ensuite
bathrooms and our hospice does not look like a typical healthcare setting. We want our
hospice to be a home from home and rooms can be individualised with bedding and personal
items.
Famil
ort - Our family support team provides a wide range of support and
activities for the whole family.. we organise activity days throughout the year, including our
annual Christmas paty, which are designed to be fun for the whole family; we provide
support for brothers and sisters over the age of 5 on both a l.. l and group basis, either at
our hospice or at school and activities are provided at a range of fun and interesting
locations; our team can support families with a listening ear, help with funding applications
and they organise regular wellbeing groups and workshops.
Counsellin
Counselling is offered to everyone in the family. whether it is while a child is
being supported by us or after bereavement. Sessions can take place at the hospice, in the
home and we can sUPPOrt brothers and sisters at school.
Youn
adults and transition
We support young adults aged fourteen up to twenty-five,
helping them and their families through the transition from children to adult services, a
move which begins at age 18. Our team are on hand to help with any concerns, offering
advice and support on services such as education. housing and health and social care. Our
Youth Group provides a space where young people can be around people of a similar age
and enjoy lots of fun activities together.
uullQtt￿Lh￿rne - Our Community team are very often the first contact families have with
Bltjebell Wood and just like our in-hospice care team, they work closely with GPS.
consultants and all other providers involved to ensure children and families are fully
supported in their homes. The Bluebell Wood team provides response visits to support a
wide range of clinical, social, and emotional priorities such as care packages breaking down,
issues impacting on the family and important appointments for the child or family.
tom mana
ement - Our newly recruited symptom management team. comprising
advanced clinical practitioners and clinical nurse specialists support the provision of children
requiring hospital discharge, symptom management and end of life care, by providing
planned input to care planning and routine care, such as syringe driver changes.
Advance care
lannin
Our team also work with healthcare colleagues across our operating
area to initiate and review advance care plans for children and young people. Additionally,
we work with foetal medicine and neonatal servlces across the region, developing perinatal
advance care plans.
We care for families across South Yorkshire, North Nottinghamshire, North Derbyshlre and parts of
North Lincolnshire and our support services are wide ranging and bespoke to each family.

Bluebell Wood Children's Hospice
Trustees. Report for the year ended 31 March 2024
Achievements and Performance 2023124
Services
On 3 1st May 2022, the trustees took the very d ifficult decision to temporarily suspend CQC regulated
services, in response to significant recruitment challenges across all clinical levels. This included all
nursing services both in the hospice and at home, physiotherapy, and our own provision of end-of-
life care. Family Support services continued throughout, and clinical/regulated services resumed in
December 2022, commencing with 2 nights per week and community support in family's own
homes.
Through 2023124 we have continued to expand services, as we have added to our staff team. At
the end of the financial year, we are open 5 nights per week, offering families Stays from Tuesday
Friday and from Friday- Sunday. Our Community Team has seen growth in establishment and our
services are working collaboratively very successfully, to create the best choice and blend of care
and support for children, young people, and families to benefit from.
The dedication and drive to ensuring the chIld￿n and families who need our services continued to
be cared for and supported throughout this year would not have been possible without the dedication
of our hardworking staff across the whole organisatlon.
In 2023124 supported 350 (2023.. 278) children with life-threatening and life-shortening conditions
and their families across South Yorkshire, North Nottinghamshire, North Derbyshire, and North
Lincolnshire. This support included the acceptance of 60 (2023.'32) new referrals.
We are pleased with the marked increase across our activities through this financial year:
360 (2023.201) nights of care at the hospice.
I I I short breaks provided to families in their home, in hospital or through spending time at
the hospice using our facilities and meeting with various members of our tearT).
511 (2023.402) hours of music therapy.
914 (2023.292) hours of sibling support, supporting 190 (2023.. 69) siblings.
1278 hours of family support sessions, workshops, events, and attivities where 525 family
members attended.
275 hours of hydrotherapy and physiotherapy.
350 visits at home by a Community Nurse or a member of our Symptom Management Team
338 (2023'.318) bereavement counselling sessions.
Among our new recruits, in July 2023 we welcomed two new members of staff to the care team, to
work with young people between the ages of 14 and 25 years, who are supported by the hospice.
Our transition team help to ensure that the move from children to adult services is as smooth as
possible for young people, including managing their ca￿, education, and social needs.
We are collaborating with Sheffield Children's Hospital to provide bereavement support services to
families who have lost a child or young person through sudden and unexpected deaths in childhood
(SUDIC). Our Family Support Team provide services such as counselling, music therapy and sibling
support as well as practical guidance with funeral planning, financial grant applications and
signposting. For new referrals, our Bereavement Team offer memory work such as hand/foot casts,
prints, fingerprint jewellery and hair locks. Many of the parenvcarers are also regular attendees at
our monthly Dragonfly bereavement group facilitated by our Bereavement Team.
We wish to convey thanks to the many NHS and voluntary sector partners and providers across our
operating area, including but by no means limited to, our neighbouring adult and children's hospices
and the members of the South Yorkshire Children & Young People's Alliance, for their continued
support of our service. We value the strong links we have and are committed to building further on
those relationships moving forward.
While we are currently not leading on the provision of end-of-life care in the hospice or at home,
we are working collaboratively as part of multi-disciplinary teams of providers to ensure children
and families can have their needs met. A key goal is to provide end of life care once again In our
hospice and homes, but it is vital that we can do this safely and sustainably.

Bluebell Wood Children's Hospice
Trustees. Report for the year ended 31 March 2024
Achievements and Performance 2023/24 (continued)
The Board of Trustees have committed significant investment wlthin this financial year to support
external recruitment as well as internal development of our team. The national recruitment
challenges across clinical roles means that, like most healthcare organisations, we are thinking
creatively and for the longer term about how to build and f05ter a robust team to safeguard our
services for the future.
Our plans for growth
We are actively recruiting to flll the remaining vacancies in our care team. Once complete, this will
enable us to:
Provide short breaks for children across seven nights per week.
Recommence end-of-life care both in the hospice and at home.
Offer more support to families when life-limiting conditions are diagnosed during pregnancy.
Resume care for children after death in our specialist bereavement bedrooms.
We acknowledge that, although our hospice building is an important element of our charity, set in
a picturesque and tranquil setting, accessibility and distance from home can be restrictive for many
of our families. We are actively working to ensure the care provided within the hospice itself and
that in the community are on an equal footing, so that our children and families can have choices.
Fundraising
Bluebell Wood has a varied portfolio of fundraising initiatives. This ensures that supporters have a
wide range of ways in which to engage with the charity and minimises the risk of becoming
dependent on any one fundraising activity.
We are registered with the Fundraising Regulator. We adhere to and maintain the standards set out
by the regulator, ensuring our fundraising is legal, open, honest, and respectful to the public.
Furthermore, we are committed to adhering to the Institute of Fundraising Code of Fundraising
Practice and the specific guidance on treating donors fairly (through Respect, Fairness, Accountable,
Responsive) in all our fundraising activities, ensuring that we protect vulnerable people. We received
no complaints in relation to our fundraising attivities during the year.
We have a lot to be thankful for and we wish to convey our gratitude to our donors, supporters,
local businesses, funders. and the community within which we serve. Through what remained a
challenging time and against a backdrop of economic pressures, we have continued to be extremely
well supported.
The following is a small selection of the many highlights within our fundraising activities and
successes through the year=
Long temi supporter Stuart Dixon raised an incredible £52,913 and has continued his
fundraising with his Jaguars into 2024.
The Next Carrier Bag Levy brought in £57,595.
The Together for Short Lives Partnership has gone from strength to strength wlth
Morrison's and brought in £160,041. This amount includes the Center Parcs partnership
income thanks to the c105e relationships built with the Community Champions.
Our annual Supercars Event, held at and with the support of Meadowhall raised £32,358
with a further £15,000 including Gift Aid raised at a Secret Meet in March 2024.
Our annual Dragon Boat Event raised £27,500
Coast to Coast C￿W from Maltby. Connor Wesley and his group of seven friends took on
the Coast-to-coast challenge walking from the Lake Dlstrlct to Robin Hood's Bay in just 9
days. They raised a total of £24,670 in sponsorship.
VolkerRail Close Calls Campaign
Corporate supporter VolkerRail and parent company
Volkerwessels make an annual donation based on the number of health and safety close
calls are reported and resolved by their staff. Each one accrues a £1 donation, and we
received £9,297 in the 23124 financial year from this campaSgn.
The Crookhill Golf Club Captain chose Bluebell Wood as Captaln's charity and throughout
the course of the year raised £6,613. Sinte then, he has become Charity Coordinator for
the new captain and has placed Bluebell Wood In as Captaln's charity for a second year.

Bluebell Wood Children's Hospice
Trustees, Report for the year ended 31 March 2024
Fundraising (continued)
A relationship was formed with Wickersley Partnership Trust in Rotherham to reduce our
stocks of powder paint from previous colour runs. The relationship developed and became
a catchment wide colour run involving numerous primary and secondary schools from the
trust. £4,220 was raised on the first event in 2023 and we have gone on to run another
larger event with them in 2024.
Cranswick Convenience Foods returned to us as a Charity of the Year (COTY) partner In
2023 with the intention of reigniting their charity work to unite their multicultural workforce.
Having worked with them over the course of 2023124 they raised £5,820 durin9 this
partnership and have also gone on to renew their COTY partnership for another year. Their
staff have come together for team celebrations, and they are regular volunteers now on our
events and campaigns such as tree recycling.
Shay O'Grady raised £3k and was nominated as a finalist at the National Just Giving awards
in London as Teen fundraiser of the Year.
We are thankful to the trustees of Greenfingers Charity for their support wlth revamplng
and revitalising the garden spaces of our specialist bereavement bedrooms. One garden has
been completed in the Spring of 2024 and a much laryer project is planned through Winter
2024, with completion in Spring 2025.
Volunteers
Volunteer contribution and commitment to Bluebell Wood remains high and is another source of
pride and gratitude. There are 243 {2023- 190) active volunteers and around twenty different types
of volunteer roles across the organisation, ranging from activity co-ordinators, event photography,
events, gardening and trustee5 and we would like to take this opportunity to thank them for their
time, skills and dedication.
Bluebell Wood benefits from the generosity of many volunteers and we would like to give a special
mention to Pete and Teresa Wiltshire, who have been dedicated volunteers in Doncaster for 20
years. They continue to hold regular coffee mornings in their home and local church hall,
contributing £1,700 to our income in 2023124. This year, we also had the honour of accompanying
them to London to receive the Order of Mercy award. They were the first couple to receive this
honour together.
Key personnel changes
We give thanks to Stephen Hall and Steve Allen, Trustees, who resigned in August 2023, and we
we.lcomed Rachael Kinder and Richard Simpson to the Board. Following a period of the new Trustees
stabilising, the Board plan active recruitment once again early i n financial year 2024125. to ensure
agreed skillsets are represented.
A key priority for the year was building a Strategic Leadership Team and we welcomed Sam Wood
nd Andy Lee as Income Generation and Finance & Resources Directors, respettively. Emma
Doughty resigned as Care Services Director in March 2024 and recruitment to the position was
successful, with the new post holder, Eve Holroyd, due to join the team in September 2024.
Looking to 2024/25
The financial year 2024125 will focus on laying firm foundations for the future, establishing stability,
and continuing to rebuild after a challenging period. Our key priorities include ongoing recruitment
and investment In developing our Care Services Teams to 5UPPOrt the safe and sustainable
reopening and continuation of our clinical care services. We aim to strengthen and expand our
community offerings and ensure our workforce possesses the skills and expertise needed for the
long term. Additionally, we will concentrate on income generation activities, such as fundraising and
external communications, to boost engagement and revenue.

Bluebell Wood Children's Hospice
Trustees, Report for the year ended 31 March 2024
Bluebell
12 Month Strategy
Bvli ding our
Bulldlng for,
the future
Bullding Incom
genwalion
Stren
WothiNJ betkr
togethLY r.
Finonces
Board
Children.
young people
&families
Nelworking
TeamBluebell
IT&lnfraslrudure
Evidence/Doto
Exlemal
communicalions
Inlernol
communicalions
Enwronmenl
High slondards
Service development
Achieve a full reinstatement of all hospice clinical services, which are safe, responsive, and
sustainable.
A financial plan which reflects growth in income and diversifying the way that we raise money to
support longer term funding.
Maintaining and strengthening our commitment to compliance and quality management.
Reaching out
Building strong external partnerships with our community and industry professionals.
Workinq bettei tooethei-
Forming a culture of positivity, creativity and opportunity for staff and volunteers.

Bluebell Wood Children's Hospice
Trustees. Report for the year ended 31 March 2024
Financial Review
This report covers our financial review for 2023-2024. We make sure we have sufficient reserves to
be able to run our services where there are fluctuations in income.
The table below shows our income over the past 5 years.
2024
2023
2022
Donatlons and grants
Legacies
NHS England
Covid emergency funding
Furlough income
Charitable activities
Lottery
Fundraising activities
Investment income
Sundry income
326
631
939
407
1,021
723
34
392
1,529
361
57
249
813
1,068
170
32
4.228
537
643
859
156
13
4.393
180
590
754
128
17
4,010
Where the money is spent
Our total expenditure on charitable activities for the year was £3.190m (2023: £2.880m} and
£1.703m raising funds (2023.. £1.475m).
The next table shows the detail of our charitable activities and raising funds spend over the past 5
years.
£'ooo
2024
2023
2022
Salaries
Facilities
Asset depreciation/ loss on
disposal
Care supplies
Fundraising, marketing and
investment manager fees
Training and recruitment
Other
3,286
237
2,766
201
2,920
162
195
175
336
190
181
257
640
66
294
4,893
470
86
306
4,355
207
79
237
4,043
Investment Policy and Performance
Investments are held with Investec Wealth & Investment. The aim is to achieve a level of return on
the funds without significant risk. The investment portfolios are categorised:
Investec Wealth & Investment fund I low to medium risk
Investec Wealth & Insurance fund 2 - low
Trustees maintain a cautious approach to investments and do not invest directly in companies they
believe are in direct contravention of our aims and objectives as a charity.
Investment income realised a net gain of £208k, versus a previous year net loss of £579k. At the
end of the financial period, the charity has consolidated listed investments, valued at £6.161m
{2023: £5.911m) and cash and cash equivalents of £239k (2023: £155k).

Bluebell Wood Children's Hospice
Trustees, Report for the year ended 31 March 2024
Risk Management
We have a risk management policy and risk register to enable the identification, monitoring, and
establishment of controls to mitigate risks. We assess the likelihood and potential impacts of risks
and ensure controls are in place to mitigate against those risks. Risks are monitored on a regular
basis based on their risk rating.
The key strategic risks, as we see them currently, are..
Income Insufficient to cover the runnlng costs of the hospice
Our fundraising strategy, experience within our team, and wide spread of types of
fundraised income all mean we are not reliant on one source of income. We hold reserves
in line with our Reserves policy and annually review our governance arrangements, ensu ring
we have a robust and effective reporting system in place. The future of the Childrer)'5
Palliative Care Grant is in question after 2024125, and we are fully engaged and supporting
Together for Short Lives work around liaising with Government to highlight the importance
of this crucial funding stream for children's hospices.
Failure of Care Quality Commission audit
We have liaised closely and frequeritly with our local CQC relationship manager throuohout
the temporary suspension and since resuming clinical services. We have regular and robust
reviews, audit, training, and compliance in place.
Inexperienced or insufficient team to care for the children and young people
A priority focus for us is on a combination of external recruitment and internal development
of our care team to build a robust workforce and career pathways which support our short-
medium- and long-term goals. We are working much more collaboratively too, to identify
opportunities to support this focus.
Safety of children and young people
Safeguarding of children and young people in our care is of utmost importance and we have
robust safeguarding processes, policies, and training in place. We are increasing se￿ice5
incrementally to a revised model of care and will not extend these until we are fully satisfied
that we can do so safely and sustainably.
Compliance
We had no reportable serious incidents in 2023124.
Reserves policy and going concern
The trustees have examined the charity's requirements for reserves considering the main risks as
listed above to the organisation, including assessed projected future income, expenditure and
cashflows.
The trustees believe Bluebell Wood's financial resources and contingency planning is sufficient to
ensure the continuation of the charity as a going concern for the foreseeable future, Consequently,
the financial statements have been prepared on this basis.
We aim to maintain sufficient free rese￿e5 to meet the ongoing wnning costs of the hospice for 9
12 months. This level of reserves makes sure we can cover any gap between funds raised and the
ongoing costs as well as to cover for any emergency requirement for funding.
The hospice has £7.464m (2023.. £7.518m) of free reserves which provides us wlth a higher level
of cover than the reserves policy, to support our running costs. This ensures we can provide a
consistently high quality of service 2417 and not have to adjust our service to match income flows.
In the financial period the charity reviewed its reserves policy in line with the latest guidance from
the Charity Commission to ensure that the Charity does not hold funds unnecessarily and above a
level required, to meet the charities planned activities and to provide some protection against any
unforeseen circumstances.
Remuneration policy
Pay and benefits are set at a level to recognise the value of the role and the level of responsibility.
Pay and benefits are compared to benchmarks for similar roles in the hospice and charity sector and
the level set based on the experience and skills req uired for the roles. We remain committed to falr
and affordable recognition for our staff.

Bluebell Wood Children's Hospice
Trustees. Report for the year ended 31 March 2024
Public Benefit Statement
We provide public benefit through the operation of a children's hosplce providing palliative care,
respite, and short breaks together with end-of-life care. This public benefit is directly related to our
charitable objectives. We confirm that we follow the Charity Commission's public benefit guidance.
Strurturei governance and management
Bluebell Wood Children's Hospice is a charity, registered in England and Wales, and is constituted
as a company limited by guarantee and governed by its Memorandum and Articles of Association,
The trustees have responsibility for setting the strategic dirertion for Bluebell Wood which ensure
delivery of our charitable objectives. Day to day operational delivery and management is delegated
to the CEO and SLT. The board meets quarterly to receive reports from the sub committees, Chief
Executive and Strategic Leadership Team.
The trustees who served during the year are set out on page l. Trustees have the authority to
appoint new trustees to the Board. Initial term of office is 3 years, with the option for trustees to
stand for an additional term.
New trustees undertake an induction programme both prior to and after appointment. Trustees are
drawn from many areas of expertise, including health, business, and finance.
The trustees do not receive any remuneration or benefits.
Trustees Responsibilities
The Trustees (who are also the directors for the purposes of company law) are responsible for
preparing the Trustee annual report and the financial statements in accordance with applicable law
and UK accounting Standards.
Company law requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the situation of the charitable company and of the incoming resources
and expenditure of the charitable company for that period. In preparing these financial statements,
the trustees are required to:
select suitable accounting policies and then apply them consistently,
make judgements and estimates that are reasonable and prudent,
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business,
observe the principles in the Charities SORP,
state whether applicable UK Accounting Standards have been followed.
The trustees are responsible for keeping adequate accounting records which disclose, with
reasonable accuracy, at any time the financial position of the charitable company and to enable
them to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the company and hence for taking reasonable steps for
the prevention and detection of fraud and other irregularities.
Statement of Disclosure to our Auditor
As far as the Trustees are aware..
there is no relevant audit information of which the company's auditors are unaware,. and
as trustees we have taken all the steps that we ought to, to make ourselves aware of any
relevant audit information and to establish that the auditors are aware of that infomiation.
On behalf of the Board
N. DIAloik
0311212024
N Didlock
Chair
io

Bluebell Wood Children's Hospice
Independent Auditor's Report to the Members of Bluebell Wood
Children's Hospice
Opinion
We have audited the financial statements of Bluebell Wood Children's Hospice for the year ended
31 March 2024 which comprise the Statement of Financial Activities (incorporating an Income and
Expenditure Account), Balance Sheet, Statement of Cash Flows and Notes to the Financial
Statements including a summary of accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 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:
give a true and fair view of the state of the charitable company's affairs as at 31 March
2024 and of its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
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 charitable company in accordance with the ethical requirements that are relevant to our audit
of the financial statements in the UK, including the FRC'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 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 Trustees are responsible for the other information. The other information comprises the
information included in the Trustees, report other than the financial statements and our auditor's
report thereon. 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.
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 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.
li

Bluebell Wood Children's Hospice
Independent Auditor's Report to the Members of Bluebell Wood
Children's Hospice
Opinlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audSt'.
the inft)rmation given in the Trustees. report (incorporating the strategic report and the
directors, report) for the financial year for which the financial statements are prepared is
consistent with the financial statements; and
the Trustees, report (incorporating the strategic report and the directors, report) have been
prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matter5 in relation to which the Companies
Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept or ￿turnS adequate for our audit have not
been received from branches not visited by us-
the financial statements a￿ not in agreement with the accounting records and returns.
certain disclosures of Trustees. remuneration specified by law are not made. or
we have not obtained all the information and explanations necessary for the purposes of
our audit.
Responsibilities of the Trustees
As explained more fully in the Trustees, responsibilities Statement, 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 satisfi'ed that they give a true and fair view
and for such intemal control as they 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 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 charitable company or to cease operations, or have no realistic alternative but to do
so.
Auditor's responsibilities for the audit of the financial statements
Our objettives 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 these financial statements.
A further description of our responsibilities is available on the Financial reporting Council's website
at: htt
wW￿l.frc.0r
auditorsres
report.
onsibilities. This description forms part of our auditor's
Extent to which the audit was considered capable of identlfying irregularlties, including
fraud
Irregularities, Including fraLFd, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, and on the Financial Reporting Councll's
website, to detect material misstatements in respect of irregularities, including fraud.
12

Bluebell Wood Children's Hospice
Independent Auditor's Report to the Members of Bluebell Wood
Children's Hospice
We obtain and update our understanding of the entity, its activities, its control environment, and
likely future developments, including in relation to the legal and regulatory framework applicable
and how the entity Is complying with that framework. Based on this understanding, we identify and
assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient and appropriate to provide a basis for our opinion.
This includes consideration of the risk of acts by the entity that were contrary to applicable laws and
regulations, including fraud. In response to the risk of irregularities and non-compliance with laws
and regulations, including fraud, we designed procedures which included:
Enquiry of management and those charged with governance around actual and potential
litigation and claims as well as actual, susperted and alleged fraud;
Reviewing minutes of meetings of those charged with governance;
Assessing the extent of compliance with the laws and regulations considered to have a direct
material effect on the financial statements or the operations of the charitable company
through enquiry and inspection,.
Reviewing financial statement disclosures and testing to supporting documentation to
assess compliance with applicable laws and regulations;
Performing audit work over the risk of management bias and override of controls, including
testing of journal entries and other adjustments for appropriateness, evaluating the
business rationale of significant transactions outside the normal course of business and
viewing accounting estimates for indicators of potential bias. and
Performing audit work over the timing and recognition of income and in particular whether
it has been recorded in the correct accounting period.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misstatement in the financial statements or non-compliance
with regulation. This risk increases the more that compliance with a law or regulation is removed
from the events and transactions reflected in the financial statements, as we will be less likely to
become aware of instances of non-compliance. The risk of not detecting a material misstatement
resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
Use of Our Report
This report is made solely to the charitable company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our aLFdit work has been undertaken so that we
might state to the 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 charitable company's members as a body,
for our audit work, for this report, or for the opinions we have formed.
Jessica Lawrence {Senlor Statutory Auditor)
For and on behalf of Azets Audit Services Limited
0411212024
12 King Street
Leeds
LSI 2HL
Chartered Accountants
statutory Auditor
13

Bluebell Wood Children's Hospice
statement of Financial Activities (incorporating an Income and
Expenditure Account) for the year ended 31 March 2024
Unrestricted Restrlcted
funds
funds
£OOO's
£OOO's
2024
Total
£OOO's
2023
Total
£OOO's
Notes
Income from:
Donations and legacies
Charitable activities
917
40
957
1,428
1,188
1,188
1,294
Fundraising
Investment income
1.881
1,881
1.502
170
170
156
other income
32
32
13
Total income
4.188
40
4,228
4.393
Expenditure on:
Charitable activities
(3,024)
(166) (3,190) (2,880)
(1,703) (1,475)
Raising funds - fundraising
(1.703)
Total expenditure
{4,727)
(166) (4.893) {4,355)
Net (expenditure)/income
before other recognised
gains / (losses)
(539)
(126)
(665)
38
Net investment gains / (losses)
Net expenditure and net
movement in funds
208
208
(579)
(541)
(331)
(126)
{457)
Reconciliation of funds
Funds at l April 2023
Funds at 31 March 2024
17
11,376
11,045
548
11,924
11,467
12.465
11,924
17
422
All income and expenditure derive from continuing activities.
All gains and losses recognised in the year are included in the statement of financial actlvities.
A fully detailed Statement of Financial Activities for the year ended 31 March 2023 is shown In note 24.
The statement of financial activities also complies wlth the requirements for an income and expenditure
account under the Companies Art 2006.
14

Bluebell Wood Children's Hospice
Balance Sheet as at 31 March 2024
Notes
2024
£OOO's
2023
£OOO's
Flxed assets
Intangible assets
Tangible assets
Investments
io
24
39
li
3,5S7
6,161
9,742
3,670
5.911
9,620
12
Curr•nt assets
Debtors
13
500
706
Cash
14
1,607
1,961
2,107
2,667
Llabllltles fallln9 due
wlthln on• y•ar
Is
(382)
(363)
Net current ass•ts
1,725
11.467
2,304
11,924
Net assets
17,18
Funds of the charlty
Restricted
17,18
422
548
Unrestrlcted
17,18
11,045
11,467
11,376
Total Funds
11,924
The notes on pages 17 to 29 form part of these flnanclal ststements.
0311212024
The Financial Statements were approved on
by.,
by the Trustees and signed on Its behalf
N Dldlock
Chalr
Company Number: 03809663
15

Bluebell Wood Children's Hospice
Statement of Cash Flows for the year ended 31 March 2024
2024
£'ooo
2023
£'ooo
Note$
Net ca$h (umd by) / provlded from operatlng
artlvltles
20
(415)
755
Cash flow$ from Investlng actlvltles
Purchase to acquire investments
(1,480)
(881)
Proceeds from the sale of investments
1,438
400
Investment Income
170
156
Purchase of Intangible assets
(io)
Purchase of tanglble assets
(67)
(93)
Net cash flow from Investln9 actlvltles
61
(428)
Change in cash and cash equlvalents In the year
(354)
327
Cash and cash equivalents at the beglnnlng of the year
1,961
1,634
Cash and cash equivalents at the end of the y•ar
14
1,607
1,961
Net debt
The charlty had no debt either durlng the current or previous year.
16

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
Accountlng policies
Ttrie ijriiiiipol aicouiitlllg yuII(-leS cidoptefj, Jii(Igerriei)tS clf)d key sourctrs of estitriatiori uiiceilaiiity 111
the preparation of the financia I statements a re as follov¥PS.'
Company information
The Charitable Company is limited by guarantee, with the liabllity of members limited to £1 per
member. Bluebell Wood child￿n'S Hospice is a charity registered with the Charities Commission in
England and Wales. The address of the registered office is given in the charity information on page
l of these financial statements. The nature of the charity's operations and principal activities are to
help children with life threatening and life shortening conditions and their families.
Accounting convention
The financial statements have been prepared on a going con￿rn basis 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 l January 2019) {"Charities SORP {FRS 102)"), the
Financial Reporting Standard applicable in the UK and Ireland (FRS 102), the Companies Act 2006
and the Charities Act 20 11.
Bluebell Wood Children's Hospice meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at cost or transaction value unless otherwise stated in
the relevant accounting policy notes.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £1,000.
Going concern
The Trustees have considered the level of funds held and the expected level of income and
expenditu￿ for 12 months from authorising these financial statements. The budgeted income and
expenditure is sufficient with the level of reserves for the charity to be able to continue as a going
concern therefore the financial statements have been prepared on a going concern basis.
Funds
The general fund represents the unrestricted fijnds which the Trustees are free to use in accordance
with the charity's objects. Designated funds are unrestricted funds designated by the Trustees for
specific purposes. Restricted funds are received for undertaking an activity specified by the donor.
The cost of raising and administering such funds are charged against the specific fund. The aim and
use of each restricted fLsnd is set out in the notes to the financial statements.
Taxation
Bluebell Wood Children's Hospice is an exempt charity within the meaning of the Charities Act 2011
and is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore
it meets the definition of a charitable company for UK corporation tax purposes.
17

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
Accounting pollcies
Income
All income is included in the Statement of Financial Attivities when the charity is entitled to the
income. any performance conditions have been met, the receipt is probable, and the amount can
be measured reliably.
Government grants are recognised at the fair value of the asset recelved or receivable when there
is reasonable assurance that the grant conditions will be met and the grants will be received.
In accordance with Charities SORP (FRS 102), the value of volunteer time is not recognised in the
financial statements. Please refer to the Trustees, annual report for more information.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the gift to the charity which is the amount the charity would have been willing to pay to
obtain services or facilities of equivalent economic benefit on the open market; a corresponding
amount is recognised as expenditure in the period of receipt.
Pecuniary and residuary legacies are recognised when received or before receipt if there is sufficient
evidence of entitlement to the legacy, receipt is probable and can be measured with sufficient
reliability.
Investment Income and gains
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity; this is normally upon notification of interest paid or payable.
Dividend income from investment funds is included when receivable and the amount can be
measured reliably by the charity; this is normally upon notification of dividends paid or payable.
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be
required and the amount of the obligation can be measured reliably. It is categorised under the
following headings:
Cost of raising funds comprise the costs associated with attracting donations and fundraising
income.
Charitable activities comprises costs of delivery services to our beneficiaries. It includes both
costs that can be allocated directly to those activities and those costs of an indirect nature
necessary to support them, including staffing and other overhead costs.
Support costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. Support costs include administration. finance, human
resources, information systems and governance costs which support the services providing
care to patients and families. These costs have been allocated between the costs of raising
funds and expenditure on charitable activities on the basis set out in note 7.
Irrecoverable VAT Is charged as an expense against the activity for which the expendlture arose.
18

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
Accounting policies (continued)
Fixed assets - intangible and tangible
Individual fixed assets costing more than £1,000 are capitalised and included at cost less
accumulated depreciation. Depreciation is calculated to write down the cost of tangible fixed assets
over their expected useful lives. The rates generally applicable are..
Software
Freehold buildings
Fixtures and equipment
Computers
Motor vehicles
25% straight line
20/0 Straight line
6.60/0
250/0 Straight line
25010 Straight line
25010 Straight line
A full year's depreciation charge is provided for in the year of acquisition. Freehold land is not
depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the assets and is credited or charged to the Statement of
Financial Activities.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If
any such indication exists, the recoverable amount of the asset is estimated to determine the extent
of the impairment loss (if any).
Investments
Investments are stated at market value at the balance sheet date.
The investment portfolio is held to generate returns and gains for the charity and accordingly is
designated as fair value through profit and loss ("WPL"). Under this designation the portfolio is re-
valued at each period end to its fair value, as determined by reference to quoted market prices and
values determined by independent fund managers, with any gains or losses going through the
Statement of Financial Activities. Upon disposal of investments, the gains and losses of these are
also included within the Statement of Financial Activities.
For the purposes of the cash flow statement, the short-term cash deposits held for reinvestment
within investments have been treated as cash.
Financial instruments
The charity has elected to apply the provisions of Section 11 '8a5ic Financial Instruments, and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity held for working capital. Bank overdrafts are shown within borrowing in current liabilities.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid.
Financial assets, other than those held at fair value through profit and loss, are assessed for
indicators of impairment at each reporting end date.
Financial assets are impaired Whe￿ there is objective evidence that, as a result of one or more
events that occurred after the initial recognition of the financial asset, the estimated future cash
flows have been affected. The impairment loss is recognised in the income and expenditure account.
19

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
Accounting policies (continued)
Creditors, loans and provisions
Creditors, loans and provisions are recognised where the charity 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. C￿dItors, loans and provisions
are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial Liabilities are only derecognised when, and only when, the charity's obligations are
discharged, cancelled or they expire.
Amounts recognised as provisions are best estimates of the consideration required to settle the
present obligation at the reporting end date, taking into account the risks and uncertainties
surrounding the obligation.
Operating leases
Rentals under operating leases are charged to the Statement of Financial Activities on a straight-
line basis over the lease term.
Retirement benefits
The charity contributes to a defined contribution scheme and a final salary scheme, the NHS pension
scheme. Both schemes are accounted for as defined contribution schemes and the pension cost
represents contributions payable by the charity in respect of the year accounted for on an accruals
basis in accordance with FRS102. All pension costs are allocated to unrestricted reserves.
Critical accounting estimates and areas of judgement
In the application of the charity's accounting policies. the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are conSide￿d to be relevant. Actual results may differ from
these estimates.
The estimates and underlying assumptions are reviewed or7 an ongoing basis.
Revisions to
accounting estimates are recognised in the period in which the estimate is revised, if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
The estimates and assumptions which have a significant risk of causing a material adjustment to
the carrying amount of assets and liabilities are outlined below.
Legacies
Legacies are recognised as income when the charity has established its entitlement to the funds and
where sufficient information is available to allow it to measure its entitlement with reasonable
accuracy.
20

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
Donations and legacies
2024
£'ooo
326
631
957
2023
£'ooo
407
Donations and non-performance grants
Le
acies
Within the total donations and legacies, £40k (2023.. £164k) was of a restrirted nature.
We have around 190 volunteers providing their time and skills in all areas of our work. This includes
care, housekeeping, catering, fundraising, gardening, finance and our support groups. We greatly
value all our volunteers. A value of their donated time is not included in the financial statements in
accordance with the FRS 102 SORP.
Charitable activities
2024
£'ooo
2023
£'ooo
ICBS, local authorities and government
Southampton Hospitals charity grant
NHS England
Hos
ice UK Covid-19 eme
249
243
294
723
34
939
en
fundin
restricted
Fundraising activities
2024
£'ooo
2023
£'ooo
Fundraising activities
Lotte
Total fu ndraisin
1,068
813
859
643
Investment income
2024
£'ooo
170
2023
£'ooo
156
Investment income
Analysis of expenditure including governance and support costs
For the year ended 31
March 2024:
Total
2024
£'ooo
3,302
237
195
600
34
175
224
20
66
40
Charitable actlvities
£'ooo
2,510
166
139
17
io
175
125
li
37
Fundraising
£'ooo
792
71
56
583
24
Wages and salaries
Premises and facilities
Depreciation and amortisation
Fundraising and marketing
Legal and professional
Care
Administration
Motor and travel
Training and recru itment
Investment manager fees
Total expenditure
99
29
40
21

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
Analysi$ of expenditure including governance and support costs (contlnued)
Support and governance costs
All governance and support costs are apportioned between the various costs of raising funds and
charitable activities according to levels of direct expenditure. This method of apportionment
represents a reasonable approxlmation of the usage of governance and support costs by each
activity.
Support costs are included in the above totals as follows:
Totsl
2024
£'ooo
571
237
195
34
224
20
66
40
Support costs
£'ooo
571
237
195
Governance
£'ooo
Vages and salaries
Premises and facilities
Depreciation and amortisation
Legal and professional
Administration
Motor and travel
Training and recruitment
Investment manager fees
Total su
ort costs
31
224
20
66
40
31
Prior year
For the year ended 31
March 2023:
Total
2023
£'ooo
2,766
201
36
137
163
428
94
190
198
14
86
42
Charitable activities
£'ooo
2,102
141
27
103
122
Fundraising
£'ooo
664
60
Wages and salaries
Premises and facilities
Loss on sale of fixed assets
Impairment of fixed assets
Depreciation and amortisation
Fundraising and marketing
Legal and professional
Care
Administration
Motor and travel
Training and recruitment
Investment mana
er fees
Total expenditure
34
41
428
66
28
190
iii
87
48
38
42
Support costs are included in the above totals as follows:
Total
2023
£'ooo
536
201
163
94
198
14
86
42
Support costs
£'ooo
536
201
163
Governance
£'ooo
Wages and salaries
Premises and facilities
Depreciation and amortisation
Legal and professional
Administration
Motor and travel
Training and recruitment
Investment manager fees
Total su
ort costs
89
198
14
86
42
89
22

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
Staff costs
2024
£'ooo
2,843
199
260
2023
£'ooo
2,373
157
224
12
Salaries
Pension cost
Employer's national insurance
Redundanc
ments
Redundancy payments in the prior year relate to an ex-gratia payment for one individual. There has
been an ex-gratia payment in the current year but this does not relate to redundancy.
The number of employees who received employee benefits (excluding pension contributions) during
the year in excess of £60,000, classified within bands of £10,000 is..
2024
2023
£60,000 - £70,000
£70,000 - £80,000
£80,000 - £90,000
The key management personnel comprise the Trustees and the Senior Leadership Team as detailed
on page l. The total pay and employee benefits of Key management Personnel was £309k (2023..
£359k).
The Trustees received no remuneration or other benefits in this or the previous financial year. Travel
expenses of £110 (2023: £1,201) were reimbursed to l (2023 - 3) trustee.
Average number of employees
2024
57
47
104
2023
49
41
90
Care
Su
ort
Net income
Net income is stated after:
2024
£'ooo
195
17
2023
£'ooo
163
16
Depreciation and amortisation
Auditor's remuneration audit
Auditor's remuneration accounts preparation
Loss on disposal of fixed assets
Impairment of fixed assets
36
137
23

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
10. Intangible Fixed Assets
Software
£OOO'$
Cost
At l April 2023
Additions
Disposals
At 31 March 2024
99
99
Amortisation
At l April 2023
Charge for year
On dis
osals
At 31 March 2024
60
15
75
Net l)ook values
At 31 March 2024
At 31 March 2023
24
39
ii.
Fixed assets
Land and
buildings
£'ooo
Motor
vehicles
£'ooo
Fixtures &
equipment
£'ooo
Computers
£'ooo
Total
£'ooo
Cost
As at l April 2023
Additions
Dis
osals
At 31 March 2024
4,909
107
io
75
707
57
21
743
5,798
67
22
5,843
4,909
116
75
Depreciation
As at l April 2023
Charge for the year
Dis
osals
As at 31 March 2024
1,465
98
74
25
50
539
49
21
567
2,128
180
22
2,286
1,563
98
58
Net book value
As at 31 March 2024
As at 31 March 2023
18
33
17
25
176
168
12. Listed Investments
2024
£'ooo
5,911
1,480
(1,438)
208
6,161
2023
£'ooo
6,009
881
(400)
579
5,911
At l April 2023
Purchase at cost
Proceeds from sale of investment
Net investment
ains
losses
Value at 31 March 2024
Listed investments
Cash and cash e
uivalents
6,161
239
note 14
5,911
155
The historic cost of investments at 31 March 2024 was £5,837k (2023.. £5,916k).
24

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
13.
Debtors
2024
£'ooo
379
33
60
17
2023
£'ooo
465
118
92
18
13
706
Accrued income
Trade debtors
Prepayments
VAT recoverable
Other debtors
500
14.
Cash
2024
£'ooo
239
2023
£'ooo
155
Cash held in investments
Cash at bank
15.
Creditors: falling due within one year
2024
£'ooo
73
135
75
99
382
2023
£'ooo
77
71
60
155
363
Trade creditors
Accruals and other creditors
Tax and national insurance
Deferred income
note 16
16.
Deferred income
2024
£'ooo
155
(155)
99
99
2023
£'ooo
167
(167)
155
155
At l April 2023
Amounts released to income
Amounts deferred durin
the
At 31 March 2024
ear
Deferred income relates to fundraising, lottery and grant income received in advance.
25

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
17.
Statement of funds
Ati
Aprll
2023 Income Expenses
£'ooo
£'ooo
£'ooo
Net Transfer
Investment between
gains
funds
£'ooo
£'ooo
At31
March
2024
£'ooo
For the year ended
31 March 2024
Unrestricted
Free reserves
Charity
Fixed asset reserves
7,518
4,121
67
(4,532)
195
208
149
7,464
208
149
Designated
Building
IT
Peo
51
97
(51)
(97)
le
149
149
Total unrestricted
funds
208
Restricted
Southampton
Hospitals Charity
Family
accommodation
Children's activities
Other
Total restricted
funds
Total funds
294
(125)
169
90
50
114
29
119
42
92
(8)
33
li
548
40
166
422
208
Ati
April
2022
£'ooo
For the year ended 31
March 2023
Unrestricted
Free reserves
Net investment
At31
losses March 2023
É'ooo
£'ooo
Income
£'ooo
Expense$
£'ooo
Charity
Fixed asset reserves
8,204
3,832
103
(3,939)
336
(579)
7,518
579
Designated
Building
IT
Peo
51
97
51
97
le
149
Total unrestricted funds
149
579
Restrirted
Southampton Hospitals
Charity
Family accommodation
Children's activities
Other
Total restrirted funds
Total funds
294
90
50
24
458
294
90
50
114
548
170
170
80
80
579
26

Bluebell Wood Children's Hospice
Notes to the Financial Statements for the year ended 31 March
2024
17.
Statement of funds (continued)
Restricted funds are funds which are used in accordance with specific restrictions imposed by the
donor..
Southampton Hospitals Charity: Funding for specific posts to support children with life-limiting
conditions
Family accommodation: a specific bequest to provide on-site accommodation and facilities for the
family of patients.
Children's activities- a specific bequest to fund children's parties and activities.
Within other restricted funds, there was one restricted fund balance over £IOk at the year end.
18. Analysis of net assets between funds
Unrestricted
fixed asset
fund
£'ooo
3,581
Restricted Designated
funds
funds
£'ooo
£'ooo
Free
reserves
£'ooo
Total
2024
£'ooo
3,581
6,161
2,107
382
As at 31 March 2024
Fixed assets
Investments
Current assets
Current liabilities
6,161
1,685
382
422
422
Unrestricted
fixed asset
fund
£'ooo
3,709
Restrirted Designated
funds
funds
£'ooo
£'ooo
Free
reserves
£'ooo
Total
2023
£'ooo
3,709
5,911
2,667
363
As at 31 March 2023
Fixed assets
Investments
Current assets
Current liabilities
5,911
1,970
363
548
149
548
149
19.
Pension commitments -
The charity contributes to two pension schemes for the employees, both of which are treated as
defined contribution schemes and the pension costs are the contribution to the schemes as disclosed
in note 8. All pension payments are from unrestricted reserves.
The personal pension scheme wlth Royal London is a defined contribution scheme. The pension cost
charge for the year amounted to £177k (2023: £140k).
Eligible staff are able to remain in the NHS Pensions Scheme as if they were still in the employment
of an employing authority. The NHS Pension Scheme is an unfunded occupational pension scheme
backed by the Exchequer, which is open to all NHS employees and employees of approved
organisations. The scheme provides pensions, based on final salary, in varying circumstances for
employees of participating employers. The scheme receives contributions from employers and
employees to defray the costs of pensions and other benefits. The scheme is subject to a full
actuarial valuation every four years and an accounting valuation every year. Details of benefits
payable, and the basis for valuations under these provisions can be found on the NHS Pensions
website at www.nhsbsa.nhs/pensions.
In the year ended 31 March 2024, the charity made contributions to the NHS Pension Scheme
totalling £165k (2023.. £140k). Employer contributions were 14.380A.
At the year endi pension contributions totalling £36k (2023.. £25k) were unpaid and included within
accruals and other creditors.
27

Bluebell Wood Children's Hospice
Notes to the Flnancial Statements for the year ended 31 March
2024
20.
R•conc511atlon of cash flow from operating actlvltles -
2024
£'ooo
2023
£'ooo
Net income / (expenditure) before other recognlsed gains and
losses
Investment income
Amortisation
Depreclation
Impairment charge
L05s on dlsposal of fixed assets
Decrease in debtors
Increase in creditors
Net cash Inflow
(665)
(170)
15
180
38
(156)
li
152
137
36
516
21
755
206
19
415
outhow
from o
ratin
actlvltles
21.
Related party tranMctlon*
There were no transactions between the charlty and its Trustees durlng the year that requlred
dlsclosing as related party transactlons under FRS 102, other than those dlsclosed In note 8.
28

Bluebell Wood Children's Hospice
Notes to the Flnanclal Statements for the year ended 31 March
2024
22.
Comparatlve Statement of Financlal Activltles
Unrestrlrted Restrlcted
funds
funds
£OOO's
£OOO's
2023
Total
£OOO's
Income from:
Donatlons and legacles
Charitable activities
1,264
164
1,428
1,000
294
1,294
Fundralslng actlvltles
Investment income
1,502
1,502
156
156
Other income
13
13
Total Income
3,935
458
4,393
Expendlture on:
Charltable actlvlties
(2,800)
(1,475)
(80)
(2,880)
(1,475)
Raislng funds - fundralslng
Total expendltur•
(4,275)
(80)
(4,355)
Net (expenditure)/Oncome
before other recognlsed
gains
(340)
378
38
Net Investment galn
Net {expendlture)/lncome
and net movement in fund$
Reconclllatlon of funds
Funds at l Aprll 2022
Funds at 31 March 2023
(579)
(919)
(579)
(541)
378
12,295
11,376
170
12,465
11,924
548
29