Charlty reglstration number 1078186 Company reglstratlon number 03821527 (England and Wales) AMENDED GREAT OAKS HOSPICE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
GREAT OAKS HOSPICE LEGALAND ADMINISTRATIVE INFORMATION Trustees S Williams RGN (Chair) Dr S R Sharma MB Bch, MA (Cantab), MRCGP (Medical Dlrector> H Aldridge FCIH L Aldridge J Bouverie OBE (Appointed 29 April 2025) G C Capps FCMA G J D Ellis LLB Dr E L Husbands MBChB, MRCP(UK), PgDip Ethics Cancer & Palliatlve Care S R Lewls A Robinson J Sharma MBA M C Walk8rACMA CGMA (Appointed 29 Aprll 20251 Secretary G C Capps FCMA Charlty number 1078186 Company number 03821527 Reglstered offlce Great Oaks The Gorse Coleford Gloucestershire GL18 8QE Audltor Griffiths Marshall 4th Floor Llanthony Warehouse The Docks Gloucester GL12EH Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Lloyds Bank PIC 55 Newerne Street Lydney Gloucestershire GL15 5FiA
GREAT OAKS HOSPICE CONTENTS Paga Trustees, report Statement of trustees, responsibllltles Independent audltor's report 8.10 statemenl of financlal actlvities 11 Balance sheet 12 Statement of cash flows 13 Notes to the flnancial 8tatement8 14.28
GREAT OAKS HOSPICE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their report and accounts for the year ended 30 September 2024. The organisation is a charitable company limited by guarantee, incorporated on 6 August 1999, and registered as a charity on 12 November 1999, originslly under the name Dean Forest Hospice. In November 2020 a resolution was passed to Ghange its name to Great Oaks Hospice and to adopt its presentArticles of Association which set out its chsritable objects and its powers and govern the operation of the Hospice. The accounts have been prepared in accordance with the accounting policies set out in note to the accounts and comply with the Charity's Act 2011, the Companies Acl 2006 and "Accounting 8nd Reporting by Charities.. Statement of Recommended Practice applicablo 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 2015). The trustee8, who are also the directors for the purpose of company law, and who served during the year and up to the date of Bignature of the financial statements wero., S William8 RGN (Chalr) Dr S R Sharma MB Bch, MA {Cantabl, MRCGP (Medical Dlrector) H Aldridge FCIH L Aldridge J Bouverie OBE G C Capps FCMA G J D EIIi8 LLB Dr E L Husband8 MBChB, MRCPIUK), PgDip Ethlcs Cancer & Palllative Care S R Lewi8 A Robinson J Sharma MBA M C WalkerACMA CGMA {Appointed 29 April 20251 (Appointed 29 April 2025) Objectlves and actlvltles The company Is a charity and is established for the care of persons 8ufferlng from any patentially Ilfe limltlng illness withln the available resources of the charlty and for the 8UPPOrt of their families and friends whether before or after the death of such p8rson8. Publlc Beneflt Statement All our charitable activitles focus on provldlng support and c8re for people who are Ilvlng wlth potentially Ilfe Ilmltlng Illness. This 18 delivered on an individual basis addressing the needs of each person using Hospice servlces which Includes their families and friends. We also offer training and support to health and 80clal care professional8 who may be involved in the care and support of people using the hospice services. We encourage the use of the Hospice facilitles, under specific arrangements, by groups whose work is allled to hospice care to enable people to access their support locally. People in the community ar8 encouraged to offer their help through volunte9ring @ither to raise charitable funds vla our shops and fundraising aGtivlties or by directly supporting people using Hospice services under the supervision of qualified staff. All the above directly benefit the public without financial cost to any individual.
GREAT OAKS HOSPICE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Hosplce Achlevements and performanc8 Great Oaks Hospice offers a wide range of support for people in the Forest of Dean, who are aged 18 and over, who are living with or supporting someone who has a life limiting illness. We are also unique in our offer of support for those in our cornmunity who have been Bereaved Ihrough any cause. The number of people aGcessing all Hospice services continues to increase as does the compiéxlty of need for those using our seivlces. The scope of these services has also increased enabllng greater depth of care from Hospice staff and volunteers, often In liaison with statutory services and outside agencies. Each service has something different to offerand has grown in Its provision. Wellbeing Centre- The Wellbeing Centre assesse8 the holistic need8 of the indlvidual, focusing on Wellbelng and Adaption for patlents who are sufferlng from a life limlting illness to alter but retain thelr independence as far as posslble. This is provided through various sessions within the Hospice including Wellbeing Sessions, Coffee Mornlngs, and a Walking Group, Community Engagement- Communlty engagement service- Is a 8ervice provided by volunteer8 for people In the communlly that have a Ilfe- Ilmiting illness or are Bereaved. The aim of the seNice is to re8ch those who are house-bound due to illnes81 treatments andlor to 8UPPOrt back into their local community, to feel once agaln included and less Isolated. Counselling and Bereavement Service- The servlce provldes counselllng to adults who are Ilving with a life limiting illness, carers and adults who have been bereaved. Sessions are delivered at the hospice, in a communlty Setting and remotely. There 8r8 al80 Bereavement cafes in the Hospice and in the community and structured Bereavement Support groups, Complementary Therapy- Our holistic therapy team offer one on one complementary therapy sessions like reflexology, aromatherapy to 8UPPOrt end-of-life for patlents, carers and bereaved. We also provide continuous support with our group sesslons like Qi gong, Sound relaxation and mindfulness whlch supports physlcal and mental wellbelng. We care about carers and provlde a day designed just for them, offering relaxing therapy, provide lunch on the pamper d8yS, th18 Is very well received. We are supporting other servlces withln the hospice, such as the well-being centre, providing self-care and therapy sessions In our relax and revive s&ssions within thelr 12-week program. One of the new and exciting courses that the complementary therapy seNice provides is a jolnt session with nurses In the cancer support group. Delivering 14-week program over 7 sessions in a course called coping with change. We continue to grow and provided our services. The course compagslon and wellbeing 7 session 14 weeks cour8e are another course that provides support to carers Ihat we would like to bring in in the new year. The CT (complementary therapy) team continue to provide support lo staff and volunteers within the organlsatlon. Community Support- Our Community Service supports peoplè in thelr own homes who are living wlth a life limiting illness. The team supports people to live their life to its full capaclty and adapt to their changing abllities, as well as connecting people with internal and external services, to rneet their holistic needs, and ensuring reSoUrS are in place for end of life care. The Communlty Service works closely with the Hospice at Home team internally and many external 8takehold6rs across the Forest of Dean to support the transition of care. Hospice at Home- Our Hospice at Home team provldes hand5 on nursing care within a patient's home, working alongside the Distrlct Nurses and Palliative care teams. Care and support are c8rried out by trained and experienced End of life Senior nurses and healthcare assistants. Hospice at home is entirely focused on the needs of the individual and their families, to ensure quality tlme and care at the end of a person life.
GREAT OAKS HOSPICE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 During this financial year, we delivered around 6,000 hours of specialist care in p8tlents' own homes, providing their end of life care and enabling them to achieve thelr wlsh to die at home. Retail Tho Hospice currently operates four retail premises in Coleford, Lydney, Mitcheldean and Newent, as well as our online sales through eBay. We have refurbished Lydney during the year with 8ales and profit increasing signiflcantly and upgraded our Coleford shop. The shops are highly profitable, providlng 8 signlficant percentage of the funding required to deliver our Hospice services. All shop volunteer8 are supported by the shop managers. We are looking to open a new shop in Cinderford to take us back to 5 shops to support the Hospice and the community and to serve the people of Cinderford with excellent second hand goods and a hub to recycle thelr unwanted goods to benefit Great Oak8 Hosplce. Th18 year wlll seo our team8 working to Increa8e the GIftAid on donated good8 wlth a focu8 on bulldlng knowledge and aw8renes8 of the scheme amongst our extremely generou8 donors, We are extremely grateful to all our volunteers who play a signiflc8nt role In tha success of Great Oak8 and in 2023124, 128 volunteers who have given around 30,000 hours of time to support the hospice services and in particular the retall arm of the organ18ation. Without these incredible teams we simply would not be able lo operate as they continually work tlrelessly to deliver the Income critlC81 to the Hospice to enable our critlcal servlce8. Plans for the Future Great Oaks plans to contlnue all its services subject to satisfactory funding 8rrangement8. Should funds permit, we would also consider widening the scope of the care provided to include.. Growing the community reach of all services Setting up hubs of 8UPPOrt around our geography Continued expansion of the Hospice at Home Team to support more patlent8 and famille8 durlng the day and at night Bullding up our community seNice Build our retall Gift Aid through effectlve education All of whlch wlll be following our strategic aims and goals, as Illustrated below. Vlslon ybthI Inosttiv¥¢4dpio¥SdwofHosplcotaroNiid$uppwtfir Mlssion Th¥JD&thtybsrU'i¢•1Ix¥portlO1lvQtyonU wli¢n dltmost'i.: Whatwe wlll do... LJllfgoal$° f¢yrtwhm4hliy ¥¥lld upon¢ur' lJ'ltré•yrp'K£ Pllltt Vdlue Car In 202412025 Great Oaks wlll.. Complete review of services to ensure the optlmum service for the population of the Forest of Dean whilst considering gaps in services within the Hospi remlt 8nd philosophy.
GREAT OAKS HOSPICE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Open a new shop in Cinderford. Continue to be actlvely Involved in the development ofthe new End of Life stralegy for Gloucestershlre working wtth our sister Hospice provlders in the County. Raise awareness of the Hospice services offered and the support available in a manner that helps the community overcome the psychological barrrer of'hospice" care and the images and myths this generates. Contlnue our engagement with the local Integrated Care System in negotiations around their fundlng of specifr'c hospice services. Financlal revlew Tha receipt of another generous legacy conflrms that Great Oek8 H08plce Is bacoming mor8 W811 known by those making wills & the latest ona received during this last year played a major part in producing a profil of £210k. Over recent years the Hosplce h88 been bullding up the servlces that we provide to our communlty, but as a result of this, the costs we are incurrSng have been increasing too. However, such legacies as we have received in these last two years have not only meant that we are able to continue providing this range of services, but It has also allowed us to contemplate providing even more assistance to those who need it. Our shops, whlch produce a significant percentage of our Income, have again done very well, desplte the interim closure of our shop in Cinderford. We have been successful in receivlng grants from a lot of sources. Our fundralslng once more exceeded the forecast and this produces not only monetary income but spreads the news of our exlstence & servlces to a lot of people in our locality. Our Investments, In common wlth worldwide Stock markets, had taken a dive in 2020121, but this last year added £82k as they rose back to prevlous expectations. The remarkable level of services which we provide so efficiently from our funding base is due to the tremendous work done by our staff, for whom we are extremely appreciatlve. This year the Hospice employed 65 people In total, however, slnce many work part tlme, this was achieved with full time equivalent of lust 23 employees. On top of that, wherever you look at our actlvlties, they are all tr8mendou81y 8UPPOrted by the 130 volunt68r8 who came and did so much work with us and for us In the year. Durlng the year thousands of people year have vlslted our shops or 8UPPOrted the multitude of activitles which we put on. We certainly are extremely fortunate to receive such marvelous support from the Forest and our wider locality. This of course enables us in return to provide them with our Superb range of servlces, as explained elsewhere in this document. Reserves Pollcy The directors use the Reserves Policy to.. Ensure th8t the level of reserwes held confirms that the Hosp1 is in a strong posltion to meet individual one-off projects and support unpredictable and unforeseen costs that may arise. At present the Hospice holds enough reserves to cover all the operating costs for one year. Oversee the use of the reseNes in line wlth the purpose for which they were set.
GREAT OAKS HOSPICE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Investmgnts Pollcy Investments are held with the sole aim of generating a financial return which will be applied lo present and future charitable purposes while remaining 8vallable for expenditure when deemed necessary. We hold regular meetings wlth them when our discusslons cover the spread of our investments and in particular, we make sure that they follow our requirements for these investments to be as ethical as reasonably possible as well as spread ov8r a wide range of companies and countries through cautious portfolios. Ethical scrgenlng and envlronmental, soclal and governance IESG) a. The Hospice seeks an ethical, 8U6tainable, and socially responsible investment process when selecting nvestments, In addition to the objective of achieving a competitive financial return. b. Great Oaks Hospice's policy is to not hold investment8 in compani68 that derive more than 1 Ooh of thelr turnover from the following activiti99 { negative screening crItea.> Tobacco Fossil fuel extractlon or dlstribution (coal, oll, ga81 Gambling Illegal deforestation Pornography Alcohol Antl-personnel landmines, cluster bombs and biological and chemical weapons c. The Hosplce only invests in companles with a strong Environmental, Social & Governance ("ESG'> performance, as Identified by an internationally recognised accreditalion, so that the impact of the Investments is better than the neutral status that the negative screening approach above will yield. The Trustee8' poliGy is to delegate responsibility for the exercising of rights attached to investments to the Investment Manager, Rlsk Revlgw The trustee8 have assessed the major risk8 to whlch the charlty 18 exposed, and systems and procedure8 havg been established to mitlgate those rlsks. Recruitment and appointment of dlrectors {Trust8os for Charlty Law) Should vscancles occur in the Board of DireGtors, new dirgGtors are appointed following intervlew and the usual recruitment checks. Volunteers In tho Hosplce Volunteers are an integral part of all Hospice services including our shops and are invaluable to Great Oaks. Our Board of Directors are all volunteers who give their time and professional expertise to the overall management and strategic direction of the Hospice. The role of volunteers within the Hospice is to support the qualified staff in their specific roles. Volunteers working directly with people using the Hospice undergo a basic training course followed by a probationary period under supervision. The range of volunteer roles continues to increase and diversify. Without the ongoing and committed support of all our volunteers, Greal Oaks would not exist in the way it does and would not be able to develop accordlng to the Identified needs of this commL*nity. Their resolute generosity is wlthout par8llel. The Hospice Is also widely supported by a significant number of local businesses for which we are very grateful.
GREAT OAKS HOSPICE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Oryanlsatlonal Structure Durlng 2023-24 Great Oaks Hosplce has employed 85 people of whlch, 23 are banklsessional staff who mainly support the Hospice at Home seNice. However, most staff are not employed on a full-time basis and during the year the Hosplce ran wlth 23 full time equivalent (FTE) 8taff. As well as the staff employed by the Hospice durlng last year, there were 130 volunteers (including the Board who are all volunteers) who help with the running of the shops, events, our garden, and some of which have direct patient contact. Trustees, together with the Chief Executive of the Hospice, make up the Board of the Hospice. The Board Is 8UPPOrted by a number of committees all of which are chaired by a Trustee and report dlrectly to the Board. These Committees and thelr Chairs (full names for each) for 2023124 were.. Flnance Commlttee- Geoff Capp8 Investment Committee - Alan Robinson Quallty Gommlttee- Roy Sharina Health & Safety Commlttee- Alan Robinson HR Commlttee- Julie Sharma Informatlon Govemance Commlttee- Emma Husbands Audltor Grlffiths Marshall has expressed thelr wllllngness to continue as audltors, and will be proposed for re-appointment. The trustees, report was approved by the Board of Tru8tee8. G C Capps FCMA Trustee Dated.. 18 May 2025
GREAT OAKS HOSPICE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees, who are 81so the directors of Great Oaks Hospice for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with appllcable law and United Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice>. Company Law requires the trust8es to prepare financial statements for each financial yoar which give a true and falr view of the state of affairs of the charity and of the incoming resources and application of resources, Including the income and expenditure, of the charitable company for that year. In preparing these financial 8tatements, the trustees are required to.. 8818Ct suitable accounting policies and then apply them consistently; ob$erve the methods and principles in the Charltles SORP,, make judgements and e$tlmates that are reasonable and prudent,, state whether appllcable UK Accountlng Standards have been followed, 8ublect to any materlal dep8rtur88 disclosed and explained In the financial statements., and pr6pare the financial statements on the golng concern ba318 unless it 18 inappropriate to presume that the charity will continue In operation. The trustees are responslble for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other Irregularltles. The trustees are responsible for the malnlenance and integrity of the charlty and financial Information included on the charity's website. Legislation in the United Klngdom governing the preparation and dissemination of financial statements may differ frcsrn legislatlon In other jurisdictions.
GREAT OAKS HOSPICE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GREAT OAKS HOSPICE Oplnlon We have 8udlted the financlal statements of Great Oaks Hospice (the 'charity') for tho year ended 30 September 2024 which comprise the statement of financlal activities, the balance sheet, the statement of cash flows and notes to tha financial statements, including signlficant 8ccountlng policies. The financlal reporting framework that has been applied in their preparation is applicable law and Unlted Kingdom Accounting Standards, includlng Financial Reportlng Standard 102 The Flnancial Reporting Standanl 8ppIic8ble in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountlng Practlce). In our opinlon, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 30 September 2024 and of it8 incoming resources and application of resources, for the year then ended., have been proparly prepared In accordance wlth United Klngdom Generally Accepted Accountlng Practice., and have been prepared in accordance wlth the requlrements of the Companles Act 2008. Basls for oplnlon We conducted our audit in accordance with Intematlonal Standards on Auditlng {UK> (ISAS (UK)) and applicable law. Our responslbllltles under those standards are further descrlbed In the Auditor's responslbilit18s for the audlt ol tho finanLi81 statements section of our report. We are independent of the charity in accordance wlth the ethical requlrements that are relevant to our audlt of the financlal statements in the UK, includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilltSes in accordance with these requirements. We believe that the audlt evldence we liave obtained Is 8ufflclent and approprlate to provide a basis for our oplnlon. Conclu8lon8 relatlng to golng concern In audlting the financial statemenl's, we have concluded that the trustees, use of the golng concem basis of accounting In the preparatlon of tlie flnancial slatementsls approprlate. Based on the work we 118ve performed, we have not identifted any materlal uncertalntles relatlng to events or condltlons thal, individually or collectlvely, may cast ylgnlflcant doubt on the charity's ability to continue as a going concern foi, a perlod of ¢lt least iwelve morith¥ from when tPie flnancial statement8 are aUthOsed for Issue. Our responslbllltles and the responslbllltles of the trustees with respect to going concern are described In the relevant sectlon8 of tlils report. other Informatlon The other informatlon comprises tlie information included In the annual report other than the finala1 stalement8 and our auditorfs report thereon. The trustees are responsible for the other Information contained within the annual report. Our opinion on the fiiiancial statements does not cover the other informatlon and we do not express any form of assurance conclusion thereon. Our responslbllity is to read the other informatlon and, in dDing so, consider whether the other information is m8terially inconsistent with the financial statements or our knowledge obtained in the course of the audlt, or otheiSe appears to be materlally misstated. If we identify such matarial inconsistencies or apparent materlal mlsst8tement8, 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 ofthls other information, we are required to report that fact. We have nothing to report in thls regard. Matter8 on whlch we are required to report by exceptlon We have nothing to report In respect of the following malters in relatlon to which the Charlties (Accounts and Reports) Regulations 2008 requlre us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustees, report,, or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit.
GREAT OAKS HOSPICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GREAT OAKS HOSPICE Responslbllltles of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they glve a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparatlon of financial statements that are free frorn material misstatement, whether due to fraud or error. In preparing the financlal statements, the trustees are responsible for assessing the charity's abllity 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. Audltols responslbllltlos for the audlt of the flnanclal stataments We have been appointed as audltor under section 144 of the Charities Act 2011 and report In accordance wlth the Act and relevant regulations made or having effect thereunder, Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mlsstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable a88urance Is a hlgh level of assurance but 18 not a guarantee that an audlt conducted in accordance wlth ISAS (UK) wlll always detect a matertal misstatement whon it exists. Mi88tatement8 can arlse from fraud or error and are consldered material if, Indlvidually or in the aggregate, they could reasonably be expected to influence tha economic declsions of users taken on the basis of these financial statements. The extent to which our procedure8 are capable of detectlng irregularities, including fraud, Is detailed below. We gaingd an understsndlng of the legal and regulatory framework 8ppliGable to Great Oaks Hospice and the industry in which it operates and, considered the risk of act8 by Management and Trustee8 of Great Oak8 Hospl which were contrary to appllcable laws and regulations, Including fraud. These Included but were not limited to compliance with the Companies Act 2006, Charitles Act 2011 and Employment Law. We made enquiries of the Trustee8 to obtain furthgr understandlng of ri8k8 of non-compliance. We focused on laws and regulations that could give rise to a material misstatement in the financial statement8. Our test8 included, but were not limited to.. 8greement of the financial statement disclosures to underlying supporting documentation; enquiries of management regarding known or 8uspected Instances of non-compliance wlth laws and regulations., review of minutes of the Board rneetings throughout the year., and obtalnlng an undgrstandlng of the control onvironm$nt In place to prevgnt and detect Irregularities, Our audit procedure8 were designed to re8pond to r18k8 of material misstatement in the financial 8tatement8, recognlslng that the risk of not detecting a material misstatement due lo fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentation8 or through collusion. There are inherent limitations in the audit procedures performed and the further removed non- compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less Ilkely we are to become aware of il. A further description of our respon8ibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc,org.uklauditorsresponsibillties. This description forms part of our auditor's report. Use of our r8port This report is made solely to the company's members, as a body, In accordance with section 391 of the Companies Act 2014. Our audlt work has been undertaken so that we might state to the company's members those matters we are required to state to them In an auditols 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 company and the company's members as body, for our 8udit work, for thls report, or for the opinions we have formed.
GREAT OAKS HOSPICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GREAT OAKS HOSPICE Mr Greg Lewls (Se for and on behalf of Grl lat ory Audltor) hs Marshall 16 May 2025 Chart8red Accountants statutory Audltor 4th Floor Ll8nthony Warehouse The Docks Gloucester GL12EH Grlffiths Marshall 18 ellgible for appolntment 88 auditor of the charfty by vlrtue of its eligibllity for appolntment as audltor of a cornpariy under sectlon 1212 of the Companies Act 2006. 10-
GREAT OAKS HOSPICE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestrlcted Restrictod funds fund8 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Donations and legacles Charltable actlvltles Other trading actlvities Investments Other incom@ 471,477 201,903 640,803 37,542 (1,910) 32,766 139,994 504,243 341,897 640,803 37,542 {1,910) 691,535 137,028 631,647 31,131 1,793 19,157 148,741 710,692 285,769 631,647 31,131 1,793 Total InGom• 1,349,815 172,760 1,522,575 1,493,134 167,898 1,881,032 andlturo Ralsing funds Charitable activities Depreclation of hosplce pr8mi8es, equipment, furniture & vehlcle 201,777 944,952 201,777 1,149,885 171,174 881,107 171,174 213,510 1,094,617 204,913 30,152 30,152 29,834 29,834 Total expendlture 1,176,881 204,913 1,381,794 1,082,115 213,510 1,295,625 Net g8insl{1088081 on Investment8 14 68,818 68,818 {2,605> <2,6051 Net Incomlngl(outgolng) re8ourcg8 before transf8rs 241,752 (32,153) 209,599 408,414 145,6121 382,802 Gros8 transfers between funds 125,455) 25,455 (6,437) 6,437 Not Incomel(expendlturel for the yearl Net movement In funds 218,297 (8,698) 209,599 401,977 (39,175) 382,8Q2 Fund balances at 1 October 2023 2,053,620 18,944 2,072,584 1,651,643 58,119 1,709,762 Fund balances at 30 Sept&mbar 2024 2,269,917 12,246 2,282,163 2,053,620 18,944 2,072,564 The statement of financial activities includes all gains and108se5 recognised in the year. The statement of financial activities includes all gains and Ios898 r&cognised in the year. All income and expenditure derive from continuing activitie3. The statement of financial activitl8s also Gomplies wilh the requirements for an income and expenditure account under the Companies Act 2008. 11
GREAT OAKS HOSPICE BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Not88 Flxed assets Tangible assets Investments 16 17 748,673 937,064 785,e67 855,084 1,885,737 1,640,751 Current assets stocks Debtors Cash at bank and in hand 18 5,182 333,118 391,832 6,348 148,267 410,971 729,932 585,586 Creditorn: amount3 falllng duo wlthln one year 20 (133,506) (133,773> Net current assets 596,426 431,813 Total assets lesy current Ilabllltles 2,282,163 2,072,564 Income fund8 Re8trlcted funds Unr88trlcted funds 23 12,246 2,289,917 18,944 2,053,620 2,282,163 2,072,564 The company18 entitled lo the exeimptlon from the audit requirement contained In section 477 of the Companies Act 2006, for the year ended 30 September 2024, although an audlt has been carried out under 8ectlon 144 of the Charities Act 2011, The dlrector8 acknowledge thelr responsibilities for complying wlth the r8quirement8 of the Companle8 Act 2008 with respect to accounting records and the preparatlon of financial statements, The members have not required the company to obtain an audit of its financial statements under the requirements of the CompaniesAct 2006, for the year in question in accordance with sectlon 476. These financl81 st8temerits have been prepared in accordance with the provlsions appllcable to companies subject to the small companies reglme. The financial statements were approved by the Trustees on 16 May 2025 G C Capps FCMA Trustee Company reglstratlon number 03821527 12-
GREAT OAKS HOSPICE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash (absorbed by)Igeneraled from operations 28 {1,779) 54,425 Investlng actlvltles Purchase of tangible fixed assets Purchasa of investments Investment income received (33,895> (21,207> 37,542 (24,1991 (21,2351 31,131 Net cash used In Investlng actlvltles (17,580) {14,303) Net cash used In flnanclng actlvltles Net Idecroase}Ilncreasa In cash and cash equlvalents (19,339) 40,122 Cash and cash equlvalents at beginning of year 410,971 370,849 Cash and cash 8qulvalant8 at ond of y8ar 391,632 410,971 13-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcl88 Charlty Informatlon Grest Oaks Hospice is a private company limited by guarantee incorporated in England and Wales. The registered Offi is Great Oaks, The Gorse, Coleford, Gloucestershire, GL16 8QE. 1.1 Accounting conventlon The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accountlng and Reportlng 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 IFRS 102)" (as amended for accounting periods commenclng from 1 January 2016), The charlty18 a Publlc Beneflt Entity as defiiied by FRS 102, The flnanclal statements are prepared in 8terllng, whlch Is the functional currency of the charity, Monetary amounts in these financlal statements are rounded to the nearest £. Th8 finaiiclal statements have been prepared under the historical cost convention. 1.2 Golng concern At the tlme of approvln£J the financial statements, the trustees have a reasonable expectatlon that the charity has adequ£te resources to contlnue In operatlonal existence for the foreseeable future. Thus the trustees contlnue to adopt the going concern basis of accounting In preparing the financial statements. 1.3 Charltsble funds Unrestiictgd funds are available for use at the dlscretion of the tslee8 in furtherance of thelr charitable objectlves. Restricted funds are subject to specific condltions by donors as to how they may be used. The purpose8 and uses of the restricted funds are set out In the notes to the flnancial statements. 1.4 Incomlng resource8 Income is recognised when the charity Is legally entitled to it after any performance condltion8 have been met, the amounts can be measured reliably, and il is probable that income will be rec8ivad. Ca8h donatlons are recognl8ed on recelpt. other donatlons are recognl8ed once the charity has been notified of the donatlon, unless performance condition8 require deferr81 of the amount. Legacies are recognised on receipt or othewlse if the charity has been notified of an Impendlng distribution, the amount is known, and recelpt18 expected. Tumover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of dlscounts, VAT and other sales related taxes. Income is deferred when the donor specifies the Income is for a future period or applies conditions that cannot be met until a future period. 14
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng polici88 (Contlnued) 1.5 Resourc98 expended Resources expended are recognised in the period In which they are incurred. Resources expended include attributable VAT which cannot be recovered. Resources expended are recognised in one of the following three categories on the subsequent basis.. Ggneratlng funds.. Costs Incurred to help the charlty generate incomlng resources through the sale of goods from shops, including repairs and maintenance. Charltable Actlvltles.. resources used to help the charity meet it8 maln alm8 and oblectlves and provlde Gare for the general publlc. Governance Costs., Subsequent costs of financing the charity and meeting our statutory requirements 1.8 Tanglble flxed assets Resources used lo purchase physic81 tangible assets are capitalised and recognised In the balance sheet where the useful economic life of the asset is expected to last more than 12 months. Items are recognised at cost and 811 asset8 in exce8s of £1,000 are capitalised. Tangible fixed assets are initially measured at cost and subsequently measurgd at cost or valuation, net of depreciation and any impairment losses. Depreciation Is recognised so as to write off the cost or valuation of assets les8 their residual values over their useful Ilv@8 on the following bases.. Land and bullding8 Hosplce Furniture & Equipmenl Computers Motor vehiGle8 Lydney Shop Coleford Shop 0_40/D per annum straight line basis 200kn per 8nnum straight line basis 330k per annum straight line basis 10.200k per annum stralght line basis 2.200/0 per annum straight line basis 10.33 /0 per annum stralght Ilne basls The galn or loss arising on the disposal of an a88et 1$ detemlned aB the dlfference between the 88le proceed8 and the carrying value of tha asset, and Is recognlsed In the Statement of financlal actlvities. Investments are stated at the period end mid-market value. Unreallsed gains or losses are recognised in the Statement of Financial Activities 1.7 Impalrment of fixed assets At each reportlng end date, the charlty reviews the carrying amounts of its tangible assets to datermine 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 in order to determine the extent of the Impalrment loss (If any). 15-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng polic188 (Contlnued) 1.7 Impalrment of fix8d a88ets Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax dlscount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estlmates of future cash flows have not been adjusled. If the recoverable amount of an 8sset is estlmated lo be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairtnent loss is recognised immediately in Incomel (expenditure for the year, unless the relevant asset 18 carrfed at a revalued amount, In whlch case the impairment loss Is treated as a revaluation decrease, Recognised impalrment108ses are reversed if, and only if, the reasons for the Impairment108s have cessed to apply. VM7ere an impelrment loss subsequeniiy reverses, the carrylng amount of the asset is in¢reased to the revlsed estlmate of Its recoverable amount, but so that the Increased carrying amount does not exceed the carrying amourit that would have been determined had no imp8lrment loss been recognlsed for the a88et in prlor years. A reversal of an impalrynerit Ioss is recognised Immediately, unless the relevant asset is carried in at a revalued amount, in whlch Lase the reversal of the Impalrment Ioss Is treated as a revaluath)n increase. 1.8 stocks stocks are stated at the lower of cost and e8tlmat&d selllng prlce less costs to complete and sell. 1.9 Cash and cash equlvalents Cash and cash equivalenl's Include cash In hand, deposlt8 held at call with banks, other short-term liquid inve8tmerits with orlglnal maturltles of three months or less, and bank overdrafts. 1.10 Flnanclal Instruments The charlty has elected to apply the provisions of Section 11 'Baslc Financlal Instruments, and Sectlon 12 'other Flnanclal In8truments Issues, of FRS 102 to all of Its flnancial Instruments. Financl£l Instruments are rf3cogni8ed In the charlty'8 balanc6 sheet when the charity becomes party to the contractual provisions of the instrument. Flnancial 8ssetS and Ilabllltl88 ar8 offset, wlth the net amount8 presented in the flnanclal statements, when there is a legally enforceabl8 right to set off the recognised amounts and there is an intention to settle on a net basis or to reallse the asset and settle the liability simultaneously. Basic financlal assets, which include debtors and cash and bank balances, are Initially measured at transaction price includlng transaction costs and are subsequently carried at amortised cost using the effectlve interest method unless the arrangement constitut88 a financlng transaction, where the transaction Is measured at the present value of the future receipts discounted at a market rate of interest. Financlal assets classified as receivable wlthln one year are not amortlsed. other other financial assets, Including investments in equity instruments which are not Subsidiaries, assoclates or joint ventures, are initially measured at fair value, which is nomally the transaction price. Such assets are subsequently carried at falr value and the changes in fair value are recognised in net incomel(expenditure), except that investments in equity instruments that are not publicly traded and whose falr values cannot be measured reliably are measured at cost less impairment. The net galn or Ios8 recognised In profit or loss includes any dividend or interest eamed on the financial asset.
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng policies (Continued) Basic financial Basic financial liabilities, including creditors and bank loans are initlally recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument Is measured a* the present value of the future payments discounted at a market rate of interèst. Flnancial liabilities classified as payable within one year are not arnortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, Trade credltors ar8 obligations to pay for good8 or 8ervic88 thet have been acqulred In the ordlnary course of operations from suppllers. Amounts payable are classlfied as current liabilitios il payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction prlce and Subsequently measured at amortised cost Using the effectlve Interest method. 1.11 Employee beneflts The company makes contrlbutions to a defined contribution NHS pension scheme and a defined contribution scheme under auto enrolment. The assets of the schemes are held separately from those of the company in independently administered funds. The pension charge represents the amounts payable by the company to the scheme in respect of the year. Any unpald contributions are included in creditors. 1.12 Irrecoverable VAT Irrecoverable vat inputs are recognised a8 a charitable activity expense 8nd included in the costs to help run and maintain the Hospice. Crltlcal accountlng estlmates and Judg8ments In the applicatlon of the charity's accounting policies, the trusteas are required to make judgements, estimate8 and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other source8. The estimates and associated assumptions are based on historical experience and other factors that are Gonsidered to be relevant. Actual results may differ from these estimates. The estimate8 and underlying assumptions are revl@wed on an ongoing basls. Revisions to accounting estimate8 are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revi8ion and futuro periods where the r&vi8ion affeGts both current and future periods, Donations and legacies Unrestrlcted Restrlcted funds funds 2024 2024 2024 2023 Donatlons and gifts Legacles receivable Grants re1vable other 29,287 350,660 51,500 40,030 250 29,537 350,660 84,018 40,030 64,831 543,881 56,657 45,323 32,516 471,477 32,766 504,243 710,692 For the year ended 30 September 2023 691,535 19,157 710,692 17-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Donatlons and legacles (Contlnued) Unr68trlcted Restrlcted funds funds 2024 2024 2023 Miscellaneous don8tlons and gifts GIftAld Other donation8 24,836 4,435 250 58,834 7,891 106 29,287 250 64,831 Charltable a¢tlvltle8 2024 2023 Servlces provided under contract 341,897 285,789 Analysis by fund Unrestrlcted funds Restricted funds 201,903 139,994 341,897 For the year 8nded 30 September 2023 Unrestricted funds RestriLrted funds 137,028 148,741 285,769 other tradlng actlvltles Unrestricted funds Totsl 2024 2023 Fundralslng events Shop Income 187,441 453,382 168,220 465,427 other trading activities 640,803 631,647 18-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Inve8tments Unrestricted fund8 Total 2024 2023 Rental Income Interest & dividend8 from shares Interest r8ceivable 6,087 21,207 10,248 5,540 21,235 4,356 37,542 31,131 Other Income 2024 2023 Net galn on disposal of tangible fixed assets Other Income (9,179) 7,269 {4,9171 6,710 (1,910) 1,793 Tradlng Costs 2024 2023 Rent Waler Rates General Rates Electricity and Gas Repairs and Renewals Depreciation Fundralsing other 45,287 2,810 1,339 29,517 33,566 21,051 68,208 52,299 2,344 766 17,748 30,311 13,456 54,250 201,778 171,173 19-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charltable activiti08 Hosplce Hosplce at Computer Home Fund Total 2024 Total 2023 Staff costs Depreclatlon and Impalrment Hospice running expenses Vehlcle costs 714,091 158,015 872,106 10,504 191,163 825,396 10,504 198,703 10,504 11,648 179,517 2,118 6,534 2,118 8,534 Repalr8 & malntenance 902,260 158,015 22,150 1,082,425 1,034,603 Share of governance costs (see note 12) 67,440 67,440 60,014 969,700 158,015 22,150 1,149,865 1,094,617 Analy818 by fund Unrestrlcted funds Restricted funds 944,952 24,748 944,952 204,913 158,015 22,150 969,700 158,015 22,150 1,149,865 10 Net movement Iri funds 2024 2023 The net movement in funds Is stated afl'er chargingl{credltlng)'. Fees payable for the audlt of the charity's flnanci81 statements Depreclatlon of owned tanglble flxed assets Lo88 on disposal of tangible flxad asset8 4,800 61,708 9,179 3,580 53,794 4,917 11 Truslees None of the trustees (or any persons connected with them> received any remuneration, expenses or benefits from the charity during the year. -20-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Support costs Governance costs 2024 2023 Audit fees Legal and professional Bank Gharges & sundry costs Management of investment charges 4,800 46,746 7,852 8,042 4,800 46,746 7,852 8,042 3,580 48,195 4,523 3,716 67,440 67,440 80,014 Analysed between Charitable aGtivitie8 87,440 67,440 80,014 21
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 13 Employees Number of employees The average monthly number of employees durlng the year was.. 2024 Number 2023 Number Employees Employment cost8 2024 2023 Wages and 8alarle8 Soclal security CO8t8 Other penslon cost8 777,558 64,093 30,455 747,340 53,191 24,865 872,106 825,398 Durlng 2023-24 Great Oaks H08plce has employed 65 people of which, 23 are bankls88slonal staff who mainly support the Hosplce at Home Service. However, mo8t staff are not employed on a full-tim8 basis and durlng the year the Hospice ran witli 23 full tlnie equlvalent (FTE) staff. As well as tPie staff employed by the Hospice durlng last year, there were 130 volunteers (includlng the Board who are all volunteers) who help with the running of the shops, events, our garden, and some ofwhich hav8 dlrect patlent contact. The numb6r of employees whose arinual remuiieration w8s £60,000 or more were.. 2024 Number 2023 Number £70,000- £80,000 14 Net galnslllosses) on Investmentg 2024 2023 Galnl(loss} on investments 68,818 12,605) 15 Taxatlon The charity is exempt from taxation on its activitles because all Its Income is applied for charitable purposes. -22-
Ln Ln r) Q Ln ¢J)N O *vO
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 17 Investments At 1 October 2023 Investments purchased Management charges Reallsed gainsl{losses) on investments Unrealised gainsl(losses) on investments 855,081 21,207 <8,042) (2,466) 71,284 At 30 September 2024 937,064 18 Stocks 2024 2023 Flnlshed good8 and good8 for resale 5,182 6,348 19 Debtor8 2024 2023 Amounts falllng du8 wlthln one year.. Trade debtor8 Other. dek)tors Prepayments and accrued inGome 3,901 288,758 40,459 83,420 27,365 37,482 333,118 148,267 20 Credltors: amounts falllng due wlthln ona year 2024 2023 Note8 other taxation and social securlty Deferred income Trade creditors Accruals 17,343 78,000 16,920 21,243 14,789 78,000 15,286 25,698 21 133,506 133,773 -24-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 21 Deferrgd Income 2024 2023 NHSE Palliative Grant 78,000 78,000 78,000 78,000 The trustee8 consider the above gr8nt8 and funding 88 deferr6d income on the basis the entitlement to th6 income doos not exi8t at the balance 8heet date, Instead, deferred income18 d18closed as a liablllty In the balance Sheet In early March 2020 the Hospice received £78,000 from the CCG a8 a down payment for a project where we would work with local nursing homes to help extend the health car8 cover In the locality. However due to the Covid pandemic, thi8 prolect has not yet started, 22 Retlrement beneflt schemes 2024 2023 Dgflned contrlbutlon schemes Charge to profit or loss in respect of defined contribution schemes 30,455 24,865 The charlty operatas a defined contribution pension scheme for all qualifying employees. The assets of the schgme are h&ld separately from those of the charity in an indepgndently 8dmini8tered fund, 23 Restrlcted funds The restricted funds of the charlty comprl8e the unexpended balances of donations and grants held on trust subject to specific condition8 by donors as to how they may be u8ed. At 1 October 2023 Incomlng Resource8 resou rces expended Transfers At30 September 2024 Hospice at Home {CHC} Screwrix Foundation Bereavement Cafe Project CCG Grant CCG - Systm One Transport Assistance Wellbeing Grant FST Counsellors Grant Langtree Trust SJP Grant Lions Grant 139,994 4,714 2,960 10,000 (158,015) (2,824) 18,021 1,890 2,960 550 18,394 {10,885) {22,1491 (60) (2,058) (5,432) 115 7,319 3,564 390 192 2,068 750 410 22 450 2,250 7,500 750 2,500 1,642 (2,090) {1,620) 18,944 172,760 (204,913) 25,455 12,246 25-
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 23 Rastrlcted funds (Continued) Prevlous year: At 1 October 2022 Incomlng Resources resources exponded Transfer8 At30 September 2023 Hospice at Horne (CHC) Re-imaginlng Grant CCG Grant CCG - Syslm One FOD Rotary Club- Sy8tm One HSF Grant Lions Grant 148,741 5,907 10,000 1149,378} {5,955) (15,687) (34,1421 637 4,031 52,536 1,552 2,206 550 18,394 {1,552) 5,011 87 2,000 1,250 (7,011) 11 ,337) 167,898 213,510 6,437 18,944 The F,orest of Dean Rotary Club were contacted during the year to discuss expanding the restrictlons. It was agreed that the remaining £1,552 could be used for all computer costs. 24 Unrestrlcted funds The unrestrlcted funds of the charlty comprlse the unexpended balances of donations and grants whlch are not subject to speclfic condltlons by donors and grantors as lo how they may be used. These Include deslgnated fund8 whlch have been set aslde out of unrestricted funds by the trustees for speciflc purposes. At 1 October 2023 Incomlng Resources r880urc88 expended Transfers Galns and losse8 At30 September 2024 General funds 2,053,620 1,349,815 (1,176,881) (25,455) 68,818 2,289,917 Prevlou8 year: At 1 October 2022 Incomlng resources Resources expended Transfers Galns and losses At30 Sèptember 2023 General funds 1,651,643 1,493,134 (1,082,115) (6,437) {2,605) 2,053,620 -26-
f£1 o) (Do Ln ¢0 Lfj tx) ro¢D Lf>
GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 26 Operating lease commitments Lessee The operating leases represent lease arrangements for the shops held in Coleford, Newent, and Mitcheldean. At the reporting end date the charity had outstanding commltments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2024 2023 Withln one year Between two and flve years 43,600 49,600 43,600 93,200 93,200 138,800 27 Related party transactlons There were no dlsclosable related party transactlons during the year (2023 - none). 28 Cash generated from operatlons 2024 2023 Surplus for the year 209,599 362,802 Adjustments for.. Investment income recognised In statement of financlal actlvltle8 Loss on dlsposal of tanglble flxed assets Depreclatlon and Impairment of tanglbla flxed assets 137,5421 9,179 61,707 {31,131) 4,917 53,794 Movements In working capltal,. Decreasel(increase) In programme related 888et8 Decreasel(increase) In stocks (Increase) in debtor8 (Decrease) In creditors (80,776) 1,166 (184,851) (261> (293,879) 12,321) {25,932) {14,025) Cash (absorbed by)Igenerated from operatlons (1,779) 54,425 29 Am8nded accounts This Is an amended set of the statutory accounts, to replace the origlnal set filed at Companies House on 2 May 2025. These are the correct statutory accounts, they replace the origlnal accounts that were previously filed and are prepared as they were at the date of the origlnal accounts. -28-