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← Great Oaks Hospice

2025-09-30-accounts

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Charity registration number 1078186

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Company registration number 03821527 (England and Wales)

GREAT OAKS HOSPICE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

GREAT OAKS HOSPICE

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LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S Williams RGN (Chair)
DrS R Sharma MB BCh, MA(Cantab), MRCGP (Medical Director)
H Aldridge FCIH
LAldridge
J Bouverie OBE (Appointed 29
July 2025)
G C Capps FCMABSc
GJD Ellis LLB
Dr E L Husbands MBChB, MRCP(UK), PgDip Ethics Cancer & Palliative Care
S R Lewis
A Robinson
J Sharma MBA
M C WalkerACMACGMA (Appointed 29
; 7 July 2025)
Secretary G C CappsFCMABSc
Charity number 1078186
Company number 03821527
Registered office Great Oaks
The Gorse
Coleford
Gloucestershire
GL16 8QE
Auditor Griffiths Marshall BusinessAdvisory Limited
4th.Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
United Kingdom
GL1 2EH
Bankers CAF Bank Ltd
25 Kings HillAvenue
Kings Hill
West Malling
Kent
ME19 4JQ
Lloyds Bank Plc
55 Newerne Street
Lydney
Gloucestershire
GL155RA

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GREAT OAKS HOSPICE

CONTENTS

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Page
Trustees’ report 1-7
Statement oftrustees' responsibilities 8
Independent auditor's report 9-11
Statement offinancial activities 12
Balance sheet 13
Statement ofcash flows 14
Notestothefinancialstatements 15-30

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GREAT OAKS HOSPICE TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees present their report and accounts for the year ended 30 September 2025.

The organisation is a charitable company limited by guarantee, incorporated on 6 August 1999, and registered as a charity on 12 November 1999, originally under the name Great Oaks Dean Forest Hospice. In November 2020 a resolution was passed to change its name to Great Oaks Hospice and to adopt its present Articles of Association which set out its charitable 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 Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S Williams RGN (Chair)

Dr S R Sharma MB BCh, MA (Cantab), MRCGP (Medical Director)

H Aldridge FCIH

L Aldridge J Bouverie OBE (Appointed 29 July 2025) G C Capps FCMA BSc G JD Ellis LLB Dr E L Husbands MBChB, MRCP(UK), PgDip Ethics Cancer & Palliative Care S R Lewis A Robinson J Sharma MBA M C Walker ACMA CGMA (Appointed 29 July 2025)

Objectives and activities

The company is a charity and is established for the care of persons suffering from any potentially life limiting illness within the available resources of the charity and for the support of their families and friends whether before or after the death of such persons.

Public Benefit Statement

All our charitable activities focus on providing support and care for people who are living with potentially life limiting illness. This is delivered on an individual basis addressing the needs of each person using Hospice services which includes their families and friends. We also offer training and support to health and social care professionals who may be involved in the care and support of people using the hospice services.

We encourage the use of the Hospice facilities, under specific arrangements, by groups whose work is allied to hospice care to enable people to access their support locally. People in the community are encouraged to offer their help through volunteering either to raise charitable funds via our shops and fundraising activities 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.

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GREAT OAKS HOSPICE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Hospice Achievements and performance

Great Oaks Hospice offers a wide range of support for people in the Forest of Dean, who are aged 18 and over, whofor are living with or supporting someone who hasa life limiting illness. We are also unique in our offer of support those in our community who have been bereaved through any life-limiting illness. The number of people accessing all Hospice services continues to increase as does the complexity of need for those using our services. The scope of these services has also increased enabling greater depth of care from Hospice staff and volunteers, often in liaison with statutory services and outside agencies.

Each service has something different to offer and has grown in its provision:

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Wellbeing Centre —

The Wellbeing Centre services at Great Oaks offers its groups and support to people living with a life-limiting condition and their loved ones and carers. We approach this in a holistic, physical, emotional, social, and societal way to empower people to improve their overall health and quality of life. We do this by supporting and signposting, incorporating exercise groups, seated ballet classes, hydrotherapy sessions, Wellbeing “drop in” sessions which has activities such as crafting, guest speakers, animal interactions, and live music. We also hold a men’s group which incorporates activities such as table tennis, darts, and quiz area, we also have a new “Pedal 4 Parkinsons” group which starts in the New Year to enable patients to exercise in a safe environment and external coffee mornings to reach out to more communities. The aims of the Wellbeing sessions are to enable us to support patients when they need us the most and through the activities we provide, enhance resilience and feel part of a community that see’s the person, not the diagnosis.

Community Engagement —

The Community Engagement service is an essential link for patients in the Community and to the Hospice. The core benefits for the Community Engagement service are to support patients who maybe under-going treatments and are too unwell to attend groups or community activities.

We also support people who are bereaved in the community with loneliness, social connection, motivation, confidence, and independence. This service also highlights what may be needed in the home such as equipment or how people are managing which allows us to link in with the Community support team.

This service also enables us to work with someone to gain confidence after illness to rejoin groups and manage daily tasks once again. We also provide “sit in” services to allow carers to have respite when caring for their loved one. Community Engagement is a low-tech way to tackle loneliness, boost mental/physical wellbeing and give people a trusted ally on their health journey.

Family Support Team —

Our Family Support team, a Social Worker and a group of counsellors provide support for adults with life-limiting conditions, their families, friends and carers and those who have been bereaved through life-limiting illness. The services are available from diagnosis through to end-of-life and beyond where needed. Great Oaks counsellors offer a course of emotional and/or bereavement support via face-to-face, on-line or telephone sessions.

Our Specialist Palliative Care Social Worker, provides emotional and bereavement support, practical support, including signposting and support with referrals for benefits, housing, equipment, etc.

Our Specialist Palliative Care Social Worker recognises the challenges those caring for and living with people with life-limiting illnesses must cope with and aims to provide a service to support the carers and help them to keep caring.

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Complementary Therapy Service -

Our Complementary Therapy team provides holistic support for patients, carers, and those who are bereaved through a range of one-to-one therapies such as reflexology and aromatherapy. These sessions aim to promote comfort and wellbeing during challenging times.

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GREAT OAKS HOSPICE TRUSTEES’ REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

We also offer group activities including Qi Gong, sound relaxation, and mindfulness, which help improve both physical[and][mental][heaith.]

In addition to supporting patients and carers, we work closely with other hospice services such as the Wellbeing Centre, delivering self-care and therapy sessions as part of their 12-week “Relax and Revive” program. We have also introduced a joint initiative with nursing colleagues for the cancer support group: a 14-week course called Coping with Change, designed to help participants navigate life transitions.

Looking ahead, we are excited to expand our offerings:

Our team also continues to provide wellbeing support for staff and volunteers; a staff session has been booked for January ensuring care extends throughout the organisation. These developments reflect our commitment to growth, innovation, and compassionate care.

Community Support —

Our Community Support service enables adults with life-limiting conditions, their carers and families, to adapt, manage and understand their diagnosis in a holistic manner in their own home.

This is a personalised service addressing the specific needs of the individual and the family.

The service may include an element of advocacy, whereby we liaise with other organisations to support adjustments or to facilitate smoother and more timely transitions between our services, or those provided by the wider clinical/social care cormmunity, but it might also consist of light-touch signposting and guidance for future planning to a family.

The service continues to grow, with the number of referrals increasing monthly. Referrals are now being received from organisations, who may not have previously been aware of the service.

Hospice at Home —

Our Hospice at Home service is dedicated to delivering truly patient-centred care. Every decision we make begins with the needs and wishes of our patients and their families.

We tailor our support to each individual, listening carefully and responding with compassion and respect.

Our team comprises highly skilled and trusted healthcare professionals who are recognised within the community for their expertise and commitment. We strive to provide care that upholds dignity and quality at every stage. In times of crisis, when no care is in place, we offer charity-funded visits to ensure people remain safe and supported when they need it most.

This year, Hospice at Home was proud to be recognised as a finalist in the National Palliative and End of Life Awards. Celebrated at an event in London, this recognition was a wonderful acknowledgment of our team’s commitment and care.

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GREAT OAKS HOSPICE

TRUSTEES’ REPORT (CONTINUED)(INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

We were also honoured when Great Oaks went on to win the Community Heroes Award, an achievement that felt especially meaningful as it refiected the impact we’ve had within our own community and with the families we have touched.

Retail -

The Hospice currently operates four retail premises in Coleford, Lydney, Mitcheldean and Newent, as well as our online sales through eBay. We have employed managers in Coleford, Lydney and Newent which has seen an increase and consistency in opening hours across these shops.

The shops are highly profitable, and since the introduction of managers, sales and gift aid have increased.

The shops provide a significant percentage of the funding required to deliver our Hospice services. All shop volunteers 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 their unwanted goods to benefit Great Oaks Hospice.

This year will see our teams continue to increase the Gift Aid on donated goods with a focus on building knowledge and awareness of the scheme amongst our extremely generous donors.

We are extremely grateful to all our volunteers who playa significant role in the success of Great Oaks and in 2024/25, 147 volunteers who have given around 17,000 hours of time to support the hospice services and in particular the retail arm of the organisation.

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Without these incredible teams we simply would not be able to operate as they continually work tirelessly to deliver the income vital to the Hospice to enable our critical services.

Plans for the Future-

Great Oaks plans to continue all its services subject to satisfactory funding arrangements. Should funds permit, we would also consider widening the scope of the care provided to include:

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GREAT OAKS HOSPICE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

All of which will be following our strategic aims and goals, as illustrated below.

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In 2025/2026 Great Oaks will:

Financial review

The receipt of several generous legacies confirms that Great Oaks Hospice is a key thought in the Will making of our fantastic community. It is incredible financial assistance for Great Oaks Hospice that supports and underpins all our services, for which we are immensely grateful.

Over recent years the Hospice has been building up the services that we provide to our community, but as a result of this, the costs we are incurring have been increasing too.

However, such legacies as we have received not only mean that we are able to continue providing this range of services, but it has also allowed us to contemplate and indeed deliver additional services and even more assistance to those who need it.

Our shops, which producea significant percentage of our income, have again done very well, providing amazing service to the community whilst delivery crucial funds to support our expanding care services.

We have been very successful in applying for and receiving grants from many Trusts and other grant giving bodies that have supported the great work.

Our fundraising once more exceeded the forecast, and this produces not only monetary income but allows us the opportunity to spread the news of our existence & services to so many people in our locality.

Our investments, in common with worldwide stock markets have fluctuated widely during the year, but this last year added £60k as they rose back to previous expectations.

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GREAT OAKS HOSPICE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 a 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 appreciative. This year the Hospice employed 66 people in total, however, since many work part time, this was achieved with a full time equivalent to just 23.8 employees. On top of that, wherever you look at our activities, they are all tremendously supported by the 147 volunteers who came and did so much work with us and for us in the year. During the year thousands of people have visited our shops or supported the multitude of activities which we put on. We certainly are extremely fortunate to receive such marvelous support from the businesses and people of the Forest and our wider locality.

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This of course enables us in return to provide them with our superb range of services, as explained elsewhere in this document.

Reserves Policy

The directors use the Reserves Policy to:

Investments Policy

Investments are held with the sole aim of generating a financial return which will be applied to present and future charitable purposes while remaining available for expenditure when deemed necessary.

We hold regular meetings with them when our discussions 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 over a wide range of companies and countries through cautious portfolios.

Ethical screening and environmental, social and governance (ESG)

¢ Anti-personne! landmines, cluster bombs and biological and chemical weapons

The Trustees’ policy is to delegate responsibility for the exercising of rights attached to investments to the Investment Manager.

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Risk Review

The trustees regularly assess the major risks to which Great Oaks Hospice is exposed, and systems and procedures have been established to mitigate those risks.

Recruitment and appointment of directors (Trustees for Charity Law)

Should vacancies occur in the Board of Directors, new directors are appointed following interview and the usual recruitment checks. .

GREAT OAKS HOSPICE TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025 pi

Volunteers in the Hospice

Volunteers are an integral part of all Hospice services including our shops and are invaluable to Great Oaks Hospice.

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, Great Oaks would not exist in the way it does and would not be able to develop according to the identified needs of this community. Their resolute generosity is without parallel. The Hospice is also widely supported by a significant number of local businesses for which we are very grateful.

Organisational Structure

During 2024-25 Great Oaks Hospice has employed 66 people of which, 23.8 are bank/sessional staff who mainly support the Hospice at Home service. However, most staff are not employed ona full-time basis and during the year the Hospice ran with 23.8 full time equivalent (FTE) staff.

As well as the staff employed by the Hospice during last year, there were 147 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 supported by a number of committees, all of which are chaired by a Trustee and report directly to the Board. These Committees and their Chairs for 2024/25 were:

Finance Committee - Geoff Capps and Mike Walker

Investment Committee — Alan Robinson

Quality Committee — Roy Sharma Health & Safety Committee —- Alan Robinson

HR Committee — Julie Sharma

Information Governance Committee — Emma Husbands

Auditor

Griffiths Marshall Business Advisory Limited has expressed their willingness to continue as auditors, and will be proposed for re-appointment.

The trustees’ report was approved by the Board of Trustees.

S Williams RGN (Chair) Trustee

Dated: 27 January 2026

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GREAT OAKS HOSPICE

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees, who are also 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair 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 statements, the trustees are required to:

~ select suitable accounting policies and then apply them consistently;

The trustees are responsible 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 with 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 irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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GREAT OAKS HOSPICE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GREAT OAKS HOSPICE wee

Opinion

We have audited the financial statements of Great Oaks Hospice (the ‘charity’) for the year ended 30 September 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the 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 concem basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires 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.

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GREAT OAKS HOSPICE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GREAT OAKS HOSPICE

Responsibilities of trustees

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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 give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the 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

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with 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 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.

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

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We gained an understanding of the legal and regulatory framework applicable to Great Oaks Hospice and the industry in which it operates and, considered the risk of acts by Management and Trustees of Great Oaks Hospice which were contrary to applicable laws and regulations, including fraud. These included but were not limited to compliance with the Companies Act 2006, Charities Act 2011 and Employment Law, We made enquiries of the Trustees to obtain further understanding of risks of non-compliance.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements. Our tests included, but were not limited to:

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

A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

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GREAT OAKS HOSPICE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF GREAT OAKS HOSPICE

Mr Greg Lewis (Seniot Statutory Auditor)

For and on behalf of Griffiths Marshall Business Advisory Limited, Statutory Auditor Chartered Accountants

4th Floor

Llanthony Warehouse The Docks

Gloucester

Gloucestershire

GL1 2EH United Kingdom 27 January 2026

Griffiths Marshall Business Advisory Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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GREAT OAKS HOSPICE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income and
endowments
from:
Donations and legacies 3 421,460 147,608 569,068 471,477 32,766 504,243
Charitable activities 4 231,043 144,299 375,342 201,903 139,994 341,897
Other trading activities 5 712,979 - 712,979 640,803 - 640,803
Investments 6 34,124 - 34,124 37,542 - 37,542
Other income 7 12,364 (3,562) 8,802 (1,910) - (1,910)
Tota! income 1,411,970 288,345 1,700,315 1,349,815 172,760 1,522,575
Expenditure on:
Raising funds 205,533 1,418 206,951 201,777 - 201,777
Charitable activities 9 978,496 342,694 1,321,190 944,952 204,913 1,149,865
Depreciation ofhospice
premises, equipment,
furniture& vehicle 38,755 - 38,755 30,152 - 30,152
Total expenditure 1,222,784 344,112 1,566,896 1,176,881 204,913 1,381,794
Net gains/({losses) on
investments 14 51,903 - 51,903 68,818 - 68,818
Net incoming/(outgoing)
resources before transfers 241,089 (55,767) 185,322 241,752 (32,153) 209,599
Gross transfers between
funds (137,294) 137,294 - (25,455) 25,455 -
Net income for the year/
Netmovement in funds 103,795 81,527 185,322 216,297 (6,698) 209,599
Fund balances at
1 October
2024 2,269,917 12,246 2,282,163 2,053,620 18,944 2,072,564
Fund balances at 30
September2025 2,373,712 93,773 2,467,485 2,269,917 12,246 2,282,163

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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GREAT OAKS HOSPICE

BALANCE SHEET AS AT 30 SEPTEMBER 2025 i

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 16 819,991 748,673
Investments 17 897,176 937,064
1,717,167 1,685,737
Current assets
Stocks 18 2,078 5,182
Debtors 19 439,065 333,118
Cash at bank and in hand 441,370 391,632
882,513 729,932
Creditors: amounts falling due within
one year 20 (132,195) (133,506)
Net current assets 750,318 596,426
Total assets less current liabilities 2,467,485 2,282,163
Income funds
Restricted funds 23 93,773 12,246
Unrestricted funds 2,373,712 2,269,917
2,467,485 2,282,163

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 27 January 2026

S Williams RGN (Chair) Trustee

Company registration number 03821527

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GREAT OAKS HOSPICE

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STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from/(absorbed|by)|28| |operations|194,014|(1,779)| |Investing|activities| |Purchase|of tangible|fixed|assets|(185,172)|(33,895)| |Proceeds|on|disposal|of tangible|fixed|assets|22,750|-| |Purchase|of|investments|(15,978)|(21,207)| |Investment|income|received|34,124|37,542| |Net cash|used|in|investing|activities|(144,276)|(17,560)| |Net|cash|used|in|financing|activities|-|-| |Net|increase/(decrease)|in|cash|and|cash| |equivalents|49,738|(19,339)| |Cash|and|cash|equivalents|at|beginning|of year|391,632|410,971| |Cash|and|cash|equivalents|at end|of year|441,370|391,632|

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GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Charity information

Great Oaks Hospice is a private company limited by guarantee incorporated in England and Wales. The registered office is Great Oaks, The Gorse, Coleford, Gloucestershire, GL16 8QE.

1.1. Accounting convention The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

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 £.

The financial statements have been prepared under the historical cost convention.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. .

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected.

Turnover 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 discounts, 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.

-15-

,

:

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

(Continued)

1.5 Resources 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:

Generating funds: Costs incurred to help the charity generate incoming resources through the sale of goods from shops, including repairs and maintenance. -

Charitable Activities: resources used to help the charity meet its main aims and objectives and provide care for the general public.

Governance Costs: Subsequent costs of financing the charity and meeting our statutory requirements

1.6 Tangible fixed assets

Resources used to purchase physical 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 all assets in excess of £1,000 are capitalised.

Tangible fixed assets are initially measured at cost and subsequently measured 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 less their residual values over their useful lives on the following bases:

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Land|and|buildings|0-4%|per annum|straight|line|basis| |Hospice|Furniture|&|Equipment|20%|per annum|straight|line|basis| |Computers|33%|per annum|straight|line|basis| |Motor|vehicles|10-20%|per annum|straight|line|basis| |Lydney|Shop|2-20%|per|annum|straight|line|basis| |Coleford|Shop|10-33%|per annum|straight|line|basis|

----- End of picture text -----

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 asset, and is recognised in the statement of financial activities.

Investments are stated at the period end mid-market value.

Unrealised gains or losses are recognised in the Statement of Financial Activities

1.7 Impairment of fixed assets

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 in order to determine the extent of the impairment loss (if any).

.

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 eee 1 Accounting policies (Continued)

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing vaiue in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ (expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. -

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets : Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

: Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in net income/(expenditure), except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset.

eee

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GREAT OAKS HOSPICE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 eee 1 Accounting policies (Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.11 Employee benefits

The company makes contributions 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 unpaid contributions are included in creditors.

1.12 Irrecoverable VAT Irrecoverable vat inputs are recognised as a charitable activity expense and included in the costs to help run and maintain the Hospice.

2 Critical accounting estimates and judgements

i.

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 considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

----- Start of picture text -----
Unrestricted Restricted
funds funds
2025 2025 2025 2024
£ £ £ £
Donations and gifts 41,550 2,315 43,865 29,537
Legacies receivable 298,937 - 298,937 350,660
Grants receivable 33,300 145,293 178,593 84,016
Other 47,673 - 47,673 40,030
421,460 147,608 569,068 504,243
For the year ended 30 September 2024 471,477 32,766 504,243
----- End of picture text -----

ee -18-

;

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

3 Donations and legacies

(Continued)

Unrestricted Restricted
funds funds
2025 2025 2024
£ £ £
Miscellaneous donations and gifts 41,063 2,315 25,086
GiftAid 487 - 4,435
Other donations - - 16
41,550 2,315 29,537
4 Charitable activities
2025 2024
£ £
Services provided under contract 375,342 341,897
Analysis byfund
Unrestricted funds 231,043
Restricted funds 144,299
375,342
Forthe yearended 30 September 2024
Unrestricted funds 201,903
Restricted funds 139,994
341,897
5 Othertrading activities
Unrestricted Total
funds
2025 2024
£ £
Fundraising events 191,561 187,441
Shop income 521,418 453,362
Othertradingactivities 712,979 640,803

5 Other trading activities

;

-19-

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

6 Investments

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Total| |funds| |2025|2024| |£|£| |Rental|income|6,270|6,087| |Interest|&|dividends|from|shares|15,978|21,207| |Interest|receivable|11,876|10,248| |34,124|37,542|

----- End of picture text -----

7 Other income

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricted|Restricted|Unrestricted| |funds|funds|funds| |2025|2025|2024| |£|£|£| |Net|gain|on|disposal|of tangible|fixed|assets|2,567|(3,562)|(9,179)| |Other|income|9,797|-|7,269| |12,364|(3,562)|(1,910)| |For the year ended|30|September|2024|(1,910)|-|

----- End of picture text -----

8 Trading Costs

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |£|£| |Rent|47,020|45,287| |Water|Rates|3,038|2,810| |General|Rates|2,093|1,339| |Electricity|and|Gas|27,575|29,517| |Repairs|and|Renewals|39,076|33,566| |Depreciation|21,728|21,051| |Fundraising|65,004|68,208| |Other|-|-| |205,534|201,778|

----- End of picture text -----

.

-20-

:

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

9 Charitable activities

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Hospice|Hospice|at|Other|Total|Total| |Home Restricted|2025|2024| |Funds| |£|£|£|£|£| |Staff costs|689,573|252,107|13,293|954,973|872,106| |Depreciation|and|impairment|-|-|29,626|29,626|10,504| |Hospice|running|expenses|258,381|-|6,282|264,663|191,163| |Vehicle|costs| |-|-|-|-|2,118| |Repairs|&|maintenance|-|-|-|-|6,534| |947,954|252,107|49,201|1,249,262|1,082,425| |Share|of governance|costs|(see|note| |12)|71,928|-|-|71,928|67,440| |1,019,882|252,107|49,201|1,321,190|1,149,865| |Analysis|by|fund| |Unrestricted|funds|978,496|-|-|978,496| |Restricted|funds|41,386|252,107|49,201|342,694| |1,019,882|252,107|49,201|1,321,190| |10|Net movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|audit|of the|charity's|financial|statements|5,860|4,800| |Depreciation|of owned|tangible|fixed|assets|90,109|61,708| |Loss|on|disposal|of tangible|fixed|assets|995|9,179|

----- End of picture text -----

11 +Trustees

None of the trustees (or any persons connected with them) received any remuneration, expenses or benefits from the charity during the year.

eee

-21-

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

12 Support costs
Governance 2025 2024
costs
£ £ £
Audit fees 5,860 5,860 4,800
Legal and professional 45,598 45,598 46,746
Bank charges & sundry costs
.		 8,709 8,709 7,852
Management ofinvestment charges 7,761 7,761 8,042
HMRC Interest 4,000 4,000 -
71,928 71,928 67,440
Analysed between
Charitableactivities 71,928 71,928 67,440

-22-

.

.

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

13 Employees

Number of employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Employees 66 65
Employment costs 2025 2024
£ £
Wages and salaries 857,630 777,558
Social security costs 67,259 64,093
Otherpension costs 30,084 30,455
954,973 872,106

During 2024-25 Great Oaks Hospice has employed 66 people of which, 23.8 are bank/sessional staff who mainly support the Hospice at Home service. However, most staff are not employed on a full-time basis and during the year the Hospice ran with 23.8 full time equivalent (FTE) staff.

As well as the staff employed by the Hospice during last year, there were 147 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.

The number of employees whose annual remuneration was £60,000 or more

were:

2025 2024
Number Number
£70,001 - £80,000 - 1
£80,001 - £90,000 1 -
14 Net gains/(losses) on investments
© 2025 2024
£ £
Gain/(loss)oninvestments 51,903 68,818

15 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

,

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GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

17 =‘Investments
2025 2024
£ £
At 1 October2024 937,064 855,081
investments purchased 15,978 21,207
Management charges (7,761) (8,042)
Realised gains/(losses) on investments 11,304 (2,466)
Unrealised gains/(losses) on investments 40,591 71,284
Cash withdrawn (100,000) -
At30 September 2025 897,176 937,064
18 Stocks
2025 2024
£ £
Finished goods and goods for resale 2,078 5,182
19 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 33,101 3,901
Otherdebtors 360,732 288,758
Prepayments and accrued income 45,232 40,459
439,065 333,118
20 Creditors: amounts falling due within one year
2025 2024
Notes £ £
Othertaxation and.social security 4,433 17,343
Deferred income 21 78,000 78,000
Trade creditors 8,675 16,920
Accruals 41,087 21,243
132,195 133,506

~ 25-

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

21. Deferred income

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |£|£| |NHSE|Palliative|Grant|78,000|78,000| |78,000|78,000|

----- End of picture text -----

The trustees consider the above grants and funding as deferred income on the basis the entitlement to the income does not exist at the balance sheet date. Instead, deferred income is disclosed asa liability in the balance sheet

In early March 2020 the Hospice received £78,000 from the CCG as a down payment for a project where we would work with local nursing homes to help extend the health care cover in the locality. However due to the Covid pandemic, this project has not yet started.

22 Retirement benefit schemes

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Defined|contribution|schemes|£|£| |Charge to|profit or loss|in|respect of defined|contribution|schemes|30,084|30,455|

----- End of picture text -----

;

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

eee

23 ~+Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 October Incoming Resources Transfers At 30
2024 resources expended September
2025
£
£
£
£
£
-
(3,562)
3,563
,
1
2
REPF - HeatPump - 25,000 (5,150) 751 20,601
Hospice atHome (CHC) - 144,299 (252,107) 107,808 -
Coleford Town Council -
Fundraising - 350 (360) 10 -
Screwfix Foundation 1,890 - (8,473) 6,583 -
Bereavement Cafe Project
CCG Grant		 2,960
-		 -
10,000		 (393)
(13,906)		 -
3,906		 2,567
-
CCG - Sysim One 3,563 - (3,563) - -
TransportAssistance 390 - - - 390
Wellbeing Grant - 150 (230) 80 -
FST Counsellors Grant 2,069 5,000 (13,293) 6,224 -
CTRoom Refurb 750 1,000 (2,767) 1,017 -
SJP Grant 410 1,254 (1,550) - 114
Lions Grant 22 - - - 22
Wellbeing Donation 192 - (138) - 54
Severn Trent - Flooring - 15,747 (18,869) 3,122 -
Lights of Love - Hospice UK - 1,000 (1,058) 58 -
DHSC Capital Grants - 85,792 (24,476) 7,700 69,016
Miscellaneous Donations - 2,315 (1,342) 34 1,007
12,246 288,345 (344,112) 137,294 93,773
Previous year: At 1 October Incoming Resources Transfers At30
2023 resources expended September
2024
£ £ £ £ £
Hospice atHome (CHC) - 139,994 (158,015) 18,021 -
Screwfix Foundation - 4,714 (2,824) - 1,890
Bereavement Cafe Project - 2,960 - - 2,960
CCG Grant 550 10,000 (10,665) 115 -
CCG - Systm One
TransportAssistance		 18,394
-		 -
450		 (22,149)
(60)		 7,319
-		 3,564
390
Wellbeing Grant - 2,250 (2,058) - 192
FST Counsellors Grant - 7,500 (5,432) - 2,068
Langtree Trust - 750 - - 750
SJP Grant - 2,500 (2,090) - 410
Lions Grant - 1,642 (1,620) - 22
18,944 172,760 (204,913) 25,455 12,246

.

.

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~27-

.

GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

23 ~=Restricted funds

(Continued)

24 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 October Incoming Resources Transfers Gains and At30
2024 resources expended losses September
2025
£ £ £ £ £ £
General funds 2,269,917 1,411,970 (1,222,784) (137,294) 51,903 2,373,712
Previous year: At ‘1 October Incoming Resources Transfers Gains and At 30
2023 resources expended losses
2024
£ £ . £ £ £ £
Generalfunds 2,053,620 1,349,815 (1,176,881) (25,455) 68,818 2,269,917

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GREAT OAKS HOSPICE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

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 commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025 2024
£ £
Within one year 46,716 43,600
Between two and five years 127,685 49,600
In over five years 22,000 -
196,401 93,200

27 _ ~=Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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Cash generated from operations 2025 2024
£ £
Surplus for the year 185,322 209,599
Adjustments for:
Investment income recognised in statement offinancial activities (34,124) (37,542)
Loss on disposal oftangible fixed assets 995 9,179
Depreciation and impairment oftangible fixed assets 90,109 61,707
Movements in working capital:
Decrease in investments 55,866 (60,776)
Decrease in stocks 3,104 1,166
(Increase) in debtors (105,947) (184,851)
(Decrease) in creditors (1,311) (261)
Cashgeneratedfrom/(absorbedby)operations 194,014 (1,779)

28 Cash generated from operations