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Woking & Sam Beare
Hospice and Wellbeing Care
Woking Hospice
Annual Report and Financial Statements
Year ended 31 March 2025
Registered Office:
Registered Company No:
Registered Charity No:
Website:
Goldsworth Park Centre, Woking, Surrey GU21 3LG
03955487
1082798
www.wsbh.org.uk
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Woking Hospice
An Introduction
Woking & Sam Beare Hospice and Wellbeing Care (the "Hospice") is a patient-centred charity that
delivers palliative and end of life care to people with advanced life limiting illnesses and that provides
support to their carers and families.
In the year ended 31 March 2025, the Hospice again delivered care across the Boroughs of
Spelthorne, Runnymede, West Elmbridge, Surrey Heath, Woking and North Guildford with a
combined population of approximately 360,000. This care is provided to patients and their families
and carers without charge. Our holistic approach is designed to cater for patients' physical,
psychological, social and spiritual needs.
As our patients are at the heart of everything we do, all our activities focus on ensuring that we can
be sustainable so that we can continue to offer the best possible care to all those that require our
support and services. We provide care on the Inpatient Unit at the Hospice. In addition, we deliver
care in patient homes across our community and in our Wellbeing Centre at the Hospice.
Woking Hospice is the parent charity which has a wholly controlled subsidiary charity (Sam Beare
Hospice). Woking Hospice and Sam Beare Hospice are governed by their respective Memorandum
and Articles of Association, and both are charitable companies limited by guarantee and without
share capital.
The Trustees have taken the option of not preparing consolidated financial statements as Sam Beare
Hospice grants all profits to Woking Hospice, there is no impact on the net assets and no change in
the total of the Statement of Financial Activities [SOFA] or our balance sheet in terms of value. We
are committed to retaining the Sam Beare name and therefore Woking Hospice operates as Woking
& Sam Beare Hospice and Wellbeing Care. The surplus from Sam Beare Hospice is given to Woking
Hospice as a grant for services. We will not refer to "group" activity within these reports and will
solely be reporting on the activity of Woking Hospice.
The Trustees present their Annual Report and the audited financial statements of the charity for the
year ended 31 March 2025. Within the Trustees Report is the Strategic Report required under s414
c[lI] of the Companies Act 2006.
The Trustees have complied with their duty to have due regard to public benefit guidance published
by the Charity Commission and to further the purposes of the charity for the public benefit.
The financial statements have been prepared in accordance with the Accounting and Reporting by
Charities: Statement of Recommended Practice [SORP] applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) - (Charities SORP FRS102), the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) and the Companies Act 2006.
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Contents
Woking Hospice
Annual Report and Financial Statements for the year ended
31 March 2025
Chairperson's Report
4-5
Trustees' Annual Report
Vision, Mission and Values
Structure, Governance and Management
Main Activities
Achievements and Performance
The Quality Agenda
Our Impact
Supporter Promise
Long Term Sustainability
Principal Risks and Uncertainties
Looking Ahead
Trustees Responsibilities
7
7-8
9
10
10-11
11
13
14
14-17
17
18
Independent Auditor's Report
19-21
statement of Financial Activicies including Income
and Expenditure Account
22
Balance Sheet
23
Statement of Cash Flows
24
Notes to the Financial Statements
25-44
Charity Reference and Administration Details
45
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Chairperson's Report 2024/25
In this reporting year we experienced below inflation increases to NHS grant income and cost
pressures in all areas, particularly in clinical spend which increased by f328k (7%), resulting in a
deficit of £1.130m, with the deficit being met from Reserves. Whilst it is clearly disappointing to
report another deficit, it is important to note that this deficit was in line with our prior year
forecasting.
NHS grant income covers around 31% of our Clinical costs for which we are grateful. The balance is
met through the wonderful support of our communities, through our work to generate income flows
and through the immense contribution of our volunteers who make such a positive difference to
patients and staff alike.
In preparing our financial forecasting for the year ahead, we have had to take note of the 2024
Autumn Budget which saw an increase in employer National Insurance contributions from 13.8% to
15%, and an increase in the National Living Wage, both of which will take effect from 6 April 2025. It
is expected that these increases will add around f200k to our costs. Despite these headwinds,
through efficiency savings and a sharp focus on income generation, we are looking to make inroads
into reducing recent deficits.
I observe that there is an increasing recognition that the current funding formula for hospices is not
fit for purpose and we will contribute to the debate on this issue. In the meantime, we welcomed the
£100 million capital investment announced by the Government in December 2024 designed to allow
hospices to improve their physical and operational environment. Allocations from the funding are
overseen by Hospice UK and I'm confident that we will see material benefits which will further
enable us to continue to provide the best possible care to our patients.
In this reporting year, we cared for 1,092 patients and 458 family members, with 71% of that care
being delivered in patient homes. In a testing environment we are not reducing our care services and
are looking at how we can grow them to meet the needs of our community.
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I recommend the reading of our Quality Account 2024-25. It is an annual report to our stakeholders
and supporters, published on our website and designed to improve awareness of the range and
quality of our care services and our plans for improvement. Receiving core funding from our NHS
Integrated Care Board and charitable donations, we welcome this accountability and the opportunity
for scrutiny it presents.
We were pleased to see the very supportive statement provided by the Commissioner of NHS Surrey
Heartlands Integrated Care Board which included the following comment:
'The ICB acknowledges and commends some key achievements in 2024/25. Notably, the
optimisation of the EMIS Clinical System (electronic patient notes) through comprehensive training,
culminating in its successful launch on the inpatient unit in July 2024. The implementation of the
Patient Safety Incident Response Framework (PSIRF) has further reinforced the organisation's
commitment to a strong patient safety culture. Additionally, the development of a rigorous audit
programme has established a solid foundation for evaluating and enhancing care practices!
During the year, Trustees and management teams have been working to agree a new three-year
strategy for the organisation. I have been delighted with the engagement of all concerned with the
final plan, approved at the July 2025 Board meeting.
Covering all aspects of the hospice's activities, key to the strategy is its complete alignment with the
NHS Long Term Plan, titled 'Fit for the Future', focusing on its implications for hospice and palliative
care services and the NHS Ambitions for Palliative and End of Life Care Framework (2021-26),
ensuring that any recommendations or observations are aligned with its vision and principles.
Our strategy meets both the NHS agenda and the Ambitions Framework and is aligned with its core
aims: personalised care, equity of access, and partnership working, so that we can continue to
deliver outstanding, responsive, and forward-looking care in a changing policy environment.
I take this opportunity to thank all our staff and volunteers for their work, commitment and diligence
during the year and to thank our Trustees, those who stood down during the year and those who
joined, for your contributions and support.
I close with some family feedback regarding a patient cared for in our in-patient unit and captured
during the year. It was included in our Quality Account, and it reminds us what our mission is all
about and the difference our combined work can make:
'All the staff, without exception, were kind and caring to both my Mum and ourselves as a family.
Any request was actioned promptly, and we were kept informed throughout my Mum's inpatient
stay. This was such a stressful time for us, and we were treated with such care and compassion.
Beautiful surroundings, modern and clean. We feel very lucky that Mum was able to spend her final
days in the hospice.'
Va lots..
Tim Stokes
Chairman of The Board of Trustees
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Suite of Hospice reporting
When reading this Annual Report and Financial Statements for the year to 31 March 2025, it is
recommended that the following detailed reports are also considered. All can be provided in hard
copy if required but links are provided for online access:
Statement-of-Purpose: Updated January 2024 : a document which describes what our Hospice does,
where we do it and who we do it for. It is produced for the Care Quality Commission and is a legal
Quality Account 2024-25 Our Quality Account produced annually is a published report about the
quality of services and improvements proposed. The quality of the services is measured by looking at
patient safety, how effective patient treatments are and patient feedback about care provided. Our
report is produced for the NHS Surrey Heartlands Integrated Care Board.
Impact Report 2023-24: This is our third report, and we plan to continually improve on the
measurement of the impacts we have through our presence in the community, through the care we
provide and on the wider societal and environmental impacts we have.
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Trustees' Annual Report
Vision, Mission and Values
Vision
dignity.
To enable all those with life-limiting illnesses to live life to the full and to equip them to die with
Mission
To be a centre of excellence delivering specialist palliative care, from the heart of Northwest Surrey
to people with life-limiting illnesses and support to those important to them. To continually improve
by gaining, sharing, and applying knowledge. To raise both an awareness of our activities and the
funds to deliver them.
Values
Caring and Compassion: we will care with compassion, communicate with honesty and
sensitivity, facilitate understanding and choice and ensure both respect and dignity.
Accountability: We will dedicate ourselves to safeguard and support our patients, their families,
our volunteers and our staff by working with the highest professional and ethical standards.
Respect: We will respect all regardless of their ability, age, gender, race or sexual orientation and
we will not tolerate prejudice of any kind.
Excellence: We will remain committed to continual learning and development to ensure we
deliver excellence in all that we do.
Structure, Governance and Management
Organisational Structure
The Hospice is governed by a Board of Trustees which meets on a regular basis. The balance of the
Board is such that it provides the charity with the necessary skills and expertise to ensure the
effective running of the Hospice.
The Trustees and Management Team provide services for the charity to a high standard. They also
continue to review the appropriateness of those services in order that Woking Hospice can continue
to meet the needs of the population which it serves.
Sam Beare Hospice is a wholly controlled subsidiary of Woking Hospice with company number
05822985 and charity number 1115439, registered office Goldsworth Park Centre, Woking, Surrey,
GU21 3LG. The fundraising surplus from Sam Beare Hospice has been given to Woking Hospice as a
grant for services as agreed at the Board of Trustees' meeting on 11 November 2020. We will
therefore no longer refer to the 'group's' activity within these reports and will solely be reporting
herewith on the activity of Woking & Sam Beare Hospices. Woking Hospice operates as Woking and
Sam Beare Hospice and Wellbeing Care.
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The key management personnel of the Hospice consist of the Trustees, Chief Executive Officer and a
Senior Leadership Team. The day-to-day running of both charities is undertaken by the Chief
Executive Officer and the Management Team. They are tasked with making operational decisions but
refer to the Board of Trustees to ratify significant decisions at our quarterly Board Meetings.
The Hospice holds quarterly Board meetings and other ad hoc meetings in addition to regular
meetings for its three main Committees, namely, Governance, Finance and IT and Development,
People and Income Generation.
Recruitment and appointment of Trustees
Under the requirements of the Memorandum and Articles of Association, Trustees are elected to
serve for a period of four years after which time they may either stand down or offer themselves for
re-election.
New Trustees are appointed from the population of the catchment area in compliance with a formal
recruitment procedure. The Board constantly monitors its own skill base to ensure that it has proper
representation across all functions to enable it to govern the Hospice effectively. The requirements
for new Trustees are clearly identified and the local press, other relevant media and local
organisations are deployed in recruitment. All potential candidates are fully vetted and go through a
selection process to identify the most suitable appointee. Appointments are then approved by the
full Board.
Trustee Induction and Training
There is a formal induction programme using the existing Trustees, the Management Team, staff,
and volunteers. In addition, the Trustees receive a full induction pack and ongoing training.
Remuneration Policy
Trustees are not remunerated. Remuneration levels for staff are considered against similar roles in
the voluntary sector and against NHS pay scales. Remuneration Committee reviews remuneration
packages for members of the management team.
Board Effectiveness
Our Trustees are all respected figures with a wide range of appropriate skills. Trustees all live in our
local community and are ultimately responsible for all we do. The Board of Trustees works with the
management team to:
• Shape the Hospice's long-term strategy and key priorities to ensure that its charitable
objectives are met
Monitor progress and evaluate the impact of the Hospice's activities
Provide vision, challenge, leadership and to uphold the highest levels of integrity, financial
stewardship and corporate governance
Related Parties
Transactions with related parties are at market value and are approved by the Trustees and
Executive Team.
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Hospice services include the following:
Inpatient Care: The Hospice has a 20 bedded in-patient unit, specifically designed to care of
patients with specialist palliative care needs in individual rooms for their own privacy and comfort.
The Multi-Disciplinary Team caring for our patients consists of Palliative Care Consultants, Doctors,
Registered Nurses, Therapists, Assistant Practitioners and Health Care Assistants which is supported
by Counsellors, Complementary Therapists, administrative staff and other support services. The
Hospice operates 24 hours a day, 365 days a year. An established on-call system operates out of
hours.
Wellbeing Care: The Wellbeing Centre operates Monday to Friday and provides a range of
holistic therapies including physiotherapy, yoga, complementary therapies, peer support groups,
bereavement support, out-patient clinics and bespoke packages of care.
Community Care: The Community Palliative Care Team consisting of Clinical Nurse Specialists,
Associate Clinical Nurse Specialists, Paramedic Practitioners, Consultants and Therapists visit
patients in their own homes. The Team delivers specialist care through expert assessment and
maintenance of individualised treatment plans and through specialist advice to the primary care
team and other services involved in patient care. The service operates 7 days a week, 365 days a
year from 9am - 5pm providing home visits as well as telephone support.
Hospice at Home: The Hospice at Home Team provide hands on care in the patients' home
following an assessment of care needs. The Registered Nurses work with the Primary Care Team and
Continuing Care Services to assess the care package required to support a patient at home. The care
package is delivered by our team of trained Healthcare Assistants and carers from selected and
approved care agencies supported by the Registered Nurses.
Patient and Family Support Services: The Patient and Family Support Team provide
support and care to patients, carers and families ranging from advice about benefits and welfare
issues, emotional support, to the management of more complex psychological issues. The
Bereavement Service is managed through the Team and supports carers and families after the death
of a loved one.
24 Hour Advice and Support Line: The Hospice Team provides a 24/7 advice and support
line for health care professionals.
Bereavement, Counselling and Befriending: The Hospice provides a wide range of
bereavement, counselling and befriending services to patients, their carers, and family members
including children.
Spiritual Care: Clinical staff and counsellors work closely with religious leads across the
community. The Hospice Retreat provides a quiet, reflective space which can be utilised by patients,
family members, friends, or staff.
Voluntary Services: The Hospice is supported by many volunteers who enable the Hospice to
provide all the services that it does. Their social impact value to the Hospice community is huge. The
immense value of these individuals is very much appreciated by everyone.
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Achievements and Performance 2024/25
Under the terms of its funding contract with NHS Surrey Heartlands Integrated Care Board (ICB), the
Hospice is required to submit a Quality Account each year. The 2024/25 Quality Account was
submitted in May 2025.
The Quality Account provides a detailed analysis of the achievements and performance of our
clinicians and medical teams.
A key element contained within the Quality Account is the ICB requirement for us to submit our
"Priorities for Improvement" and strategies designed to deliver them for the year ahead, along with
Statements of Assurance from the Board.
The Quality Account is an annual report to our stakeholders and supporters designed to improve
awareness of the range and quality of our care services and our plans for improvement. As a charity
receiving core funding from our NHS Integrated Care Board and majority funding from Trusts, Funds
and public donations, we welcome this accountability and the opportunity for scrutiny it presents.
The Quality Agenda
Quality: Priorities for Improvement for 2025/26
With it due to be completed in September 2025, the Board has already commenced work in
reviewing its current strategic framework. The strategy will look to reshape relationships with our
partners within the NHS Northwest Surrey Alliance and wider Surrey Heartlands Integrated Care
System, reflecting new approaches to the quality and management of palliative and end of life care,
strengthen our financial resilience and operational sustainability and to continue building an
environment where our staff and volunteers can flourish.
Within the annual Quality Account, our clinicians and medical teams have identified the following
five key strategic priorities upon which they will report in 2025. Details behind each of the priorities
can be found in the Quality Account
Priority 1: Strengthening Data Intelligence and Governance Across the
Organisation
Robust, accessible data is the foundation of high-quality, safe, and responsive care. In a climate of
increasing regulatory expectations and evolving commissioning frameworks, particularly from the
Integrated Care Board (ICB), it is essential that we enhance our data systems and reporting
capabilities. This will enable clearer insight into service delivery, improve internal decision-making,
and support greater collaboration with system partners and neighbouring hospices.
Priority 2: Enhancing the Carer and Family Support Journey
Supporting families and carers is a vital part of holistic palliative care. We recognise that carers often
carry a significant emotional and practical burden, both during the patient's illness and after their
death. Feedback from service users and insights from our Patient Engagement Group have
highlighted the need for clearer, more consistent support and information at key stages of the carer
and bereavement journey. By strengthening our approach, we aim to ensure that families feel
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informed, supported, and cared for throughout every stage of their experience with us.
Priority 3: Priority 3: Strengthening Pastoral Care Support across all Hospice
Services for Patients, Families and Staff
In the past year, we made strides in introducing a pastoral care network to better support our
patients and their families. However, we recognise that this area requires further development to
ensure that every individual - patients, their loved ones, and our staff - receives the comprehensive,
compassionate care they need. For 2025-2026, this priority has been carried over to continue
expanding and embedding pastoral care across all services. This care goes beyond physical and
emotional support to address the diverse religious, spiritual, and cultural needs of our community,
fostering an inclusive environment where all beliefs, identities, and practices are respected, valued,
and supported.
Priority 4: Expanding Palliative Care Services to Reach a Broader Patient
Group
In 2025-2026, we will expand our palliative care services to include patients in the last year of life
who may not yet require specialist palliative care but would benefit from early intervention and
holistic support. This expansion aims to reduce the burden on acute healthcare settings by
preventing unnecessary admissions, alleviating pressure on Acute Trusts, and reducing demand on
GPs and District Nurses. By revising our referral criteria, we will ensure that more patients can access
palliative care earlier, ensuring they receive the support they need to live as comfortably as possible,
while preserving the high-quality, specialist care available to those with more complex needs.
Collaboration with key stakeholders, including NWSA, Surrey Heartlands ICB, and healthcare teams,
will be essential to this approach.
Our Impact
We believe it important that we measure and report on the impacts our Hospice has.
Earlier this year we produced our third Impact Report 2024-25 and we plan to continually improve
on the measurement of the impacts we have through our presence in the community, through the
care we provide and on the wider societal and environmental impacts we have.
Commitment to Our Supporters
Like most charities, the Hospice has an in-house Fundraising Team which it finances to generate
income.
The Hospice is registered with the Fundraising Regulator, and we endeavour to meet the high
standards promoted by their Fundraising Practice by ensuring our activities are open, fair, honest
and legal. We continue to work towards full compliance with all GDPR and other regulations to
ensure we always respect our supporters wishes and treat their privacy with the utmost respect.
We ensure that staff are fully trained and understand their responsibilities in their respective areas.
We contact supporters in the ways that they prefer and adapt our methods as needed. Supporters
can change their preferences at any time, and we will not contact them if they ask us not to. We
never share names, addresses or other personal information with third parties for charity,
commercial or fundraising purposes.
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We genuinely appreciate feedback from supporters and the public and we review our fundraising
activities considering feedback and complaints we may receive.
FR
Registered with
FUNDRAISING
REGULATOR
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Our Supporter Promise
At Woking & Sam Beare Hospice, we are extremely lucky and grateful to have so many passionate,
committed and generous supporters. Without our wonderful local community, we simply wouldn't
be able to continue to provide specialist palliative care to adult patients of all ages, who have
advance life-limiting conditions, when they need us most.
We want to make sure that our supporters have a great experience. Good communication in the way
that's right for our supporters is therefore key.
We promise:
• We will keep the personal details of our supporters safe, secure and confidential
• We will not share or sell details of our supporters to any other organisations or
individuals [unless for printing and distribution of communications via our approved
preferred supplier]
• We will communicate appropriately and sensitively and are especially careful when
engaging with vulnerable people
• We will answer any questions about our fundraising activities and costs openly and
truthfully
• We will keep our supporters up to date with inspiring and relevant news from our care
team
• We will tell the truth and won't exaggerate. What we say we will do, we will do
Supporters will always be able to let us know how they would like to be communicated
with or if they would prefer not to be contacted. And they can change their preferences
at any time
• Our database is constantly updated to ensure we have the correct contact details for
supporters and how they like to be communicated with
• We adopt best fundraising practice by regulatory bodies and will continue to do so as
these are updated
For more information
Our Fundraising Team are always happy to help.
T: 01483 881752
E: fundraising@wsbh.org.uk
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Long Term Sustainability
Hospices rely heavily on charitable income from fundraising and retail activity to provide their
services.
Whilst hospices benefitted from additional Government funding during the pandemic, it is generally
acknowledged that the traditional hospice operating model is not financially sustainable. Hospice
UK has continued to encourage its members to collaborate with each other and with their NHS
partners in order to reduce their individual cost base and to develop new and more sustainable
operating models. The Hospice continues to focus on minimising its non-clinical spend, whilst
continuing to invest in patient focused spend.
In the balance of this Report, we assess the principal risks associated with our current operating
model and outline the steps that we have taken to transform our operation in order to ensure our
long term financial sustainability.
Principal Risks and Uncertainties
The Risk Register
The Hospice maintains an Integrated Risk Management Framework which incorporates our Risk
Register, Risk Timetable, Risk Management Plan, Roles and Responsibilities, and Board Assurance
The framework is designed to outline the various risks that the Hospice may encounter, the
strategies for managing these risks, and the assurance framework for the Board of Trustees to
oversee the effectiveness of risk management processes.
Approach
Our approach to risk management is rooted in proactive identification, assessment, and mitigation
of potential risks to ensure the safety and wellbeing of our patients, their loved ones, staff,
volunteers, and stakeholders. We acknowledge the risks inherent in achieving our mission and we
are committed to managing those risks that pose a threat to the achievement of our strategic
objectives and financial sustainability.
We believe in fostering a culture of risk awareness across all levels in the organisation, promoting
transparency, communication and continuous improvement. Risk management is an integral part
of all executive meeting agendas, allowing the ongoing identification, assessment and management
of risk to be carried out in a meaningful way.
Overview
The framework is divided into four main sections:
• Roles & Responsibilities: A list of identified roles and responsibilities across the organisation
• Risk Timetable: A schedule outlining key activities related to risk management, including risk
assessments, mitigation actions, monitoring and review processes
• Risk Register: A comprehensive list of identified risks, categorised and assessed based on
their likelihood and potential impact on the Hospice's operations and objectives
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Risk Management Plan and Board Assurance Framework: A framework to provide oversight
and assurance regarding the effectiveness of the strategies and actions for managing
identified risks effectively, including prevention, mitigation, contingency planning, and
response procedure
Principal Financial Risks
The main ongoing financial risk to the continued activity of the Hospice is its reliance upon the
contribution from fundraising activity (Fundraising and Retail) to cover the shortfall in NHS funding.
These funds typically fund more than 70% of the costs directly associated with our clinical operation.
However, they could at any time prove inadequate to allow the Hospice to continue to operate at
current service levels.
The cost-of-living crisis and economic uncertainty continues to affect the propensity for giving.
Whilst we are seeing increased demand on our care services and rising costs, we are also seeing
greater competition for donations calling for ever-increasing levels of resilience and creativity to
manage the risk.
Legacy income should be expected to improve over time, and the Hospice works to encourage
legacy giving for the future. Shortfalls in legacy income on an annual basis represent a lower risk as,
for the purposes of forward planning and budgeting, this income is traditionally viewed prudently.
The balance of our funds is derived primarily from our contract for clinical services with the Surrey
Heartlands Integrated Care Board (ICB). This contract is for Inpatient, Community and "Hospice at
Home" services.
It has been the case for a number of years that talent retention has seen a challenging hiring
environment, particularly amongst clinicians, resulting in the Hospice becoming too reliant on
Agency and Bank staff. However, due to positive management in this area, succession planning,
employee development, addressing shift patterns and by addressing the working environment, risk
in this area has been reduced.
Investment policy and objectives
The Hospice's investment managers are Rathbones Group Plc and they are instructed to manage the
long term investment assets of the Hospice in a fund designed to produce growth in both capital and
income while taking a balanced attitude to risk with an increasing focus on 'sustainability. The
trustees review their investment strategy and performance on a regular basis. In order to maintain a
prudent and responsible investment policy and in view of the volatility in the investment markets
the Hospice keeps cash reserves sufficient to cover expenditure for a period of at least three months
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Principal Risks and Uncertainties
Total Reserves
The total reserves of Woking Hospice decreased by f1.130m during the year and totalled £11.7m as
at 31 March 2025. This compares with a total of £12.8m on 31 March 2024.
Reserves Policy
The Hospice needs to hold adequate levels of Reserves to ensure that its known liabilities can be
met. The Reserves Policy is on the basis of costs, excluding depreciation, less guaranteed contract
income. The Trustees will be considering the Reserves Policy in greater detail with a view to
changing to a risk-based approach in future years.
It is the view of the Trustees that six months reserves will enable the charity to meet its future
charitable expenditure and allow it to be able to react to a significant short term drop in income. We
carry out financial planning for a three year period, including income and expenditure, to enable the
hospice to put plans in place for both growth and cost management and has set a balanced on-going
operational budget in cash terms for the coming year which we believe is achievable.
As at 31 March 2025, Free Reserves stood at £2.927m, which includes a cash balance of £1.980m.
There is a reduction in these figures mainly due to the deficit movement in funds in the year
(£1.130m), together with investments which are now valued at £824k. This represents just under six
months of operating costs, which includes not only the costs of the staff required to deliver the
service offered by the Hospice but also those staff members who are involved in raising funds and
providing support services.
Cost of operating our Charitable Activity
For every £1 of charitable income received, around 87.2p is spent on charitable activities with the
balance utilised on generating this income.
Going Concern
The principal financial risks facing the Hospice reflect the inherent uncertainties of the Hospice and
charity sector. The Trustees consider that there are no material uncertainties regarding the charity's
ability to continue as a going concern for the foreseeable future.
The balance of income after our fundraising and other charitable activities derived primarily from
our contract for clinical services with the Surrey Heartlands Integrated Care Board (ICB). This
contract is for Inpatient, Community and "Hospice at Home" services.
The Hospice's relevance to the communities of Northwest Surrey has never been so important at a
time when more and more people are needing hospice care. The Hospice has continued to build on
its relationships with its partners within the NHS Northwest Surrey Alliance and wider Surrey
Heartlands Integrated Care System and it is gratifying to see ever closer collaboration.
At a time when new challenges are becoming more apparent, including the pressure for further
wage rises and other operational cost increases, the Finance and IT Committee continued to monitor
monthly financial performance against Budget and Prior Year. The Committee also focuses quarterly
on cash flow forecasts on a rolling 24-month basis and annually over a 36-month basis. Despite the
cost pressures noted above, our cash reserve position appears to be sufficiently strong to maintain
Woking Hospice | Annual Report and Financial Statements | Year Ended 31 March 2025 |
16

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
activities at full capacity levels.
Accordingly, the financial statements have been prepared on a going concern basis as the Trustees
consider that no material uncertainties exist concerning its ability to meet its financial obligations as
they fall due for the foreseeable future.
Looking Ahead
During 2024/25 and in more recent months, the Hospice has strengthened its management team
and taken steps to reduce its support staff costs while investing in its clinicians and medical teams.
Its new, Integrated Risk Management Framework is rooted in proactive identification, assessment,
and mitigation of potential risks. The Hospice acknowledges the risks inherent in achieving its
mission and is committed to managing those risks that pose a threat to the achievement of its
strategic objectives and financial sustainability.
A significant project to introduce electronic patient notes across the in-patient unit and throughout
the Community Palliative Care Team has been successfully introduced on time and below budget.
This will have the impact of increasing operational efficiencies and further enhance quality, safety
and the patient experience. A new Human Resource platform is in the process of implementation
and again this will reduce support costs and increase efficiencies.
Through its Quality Account 2024/25 delivered to the Surrey Heartlands Integrated Care Board (IC),
the Commissioner commented; "We also wish to acknowledge the ongoing dedication of the
Hospice, including its staff and volunteers, in enhancing integration and fostering local system
partnerships to support palliative care in North West Surrey."
With the Hospice an established and committed member of the NHS Northwest Surrey Health and
Care Alliance, our progress gives assurance to our partners in the local healthcare economy of our
long-term sustainability. We believe we can achieve more by working together and we are
committed to joining up health and care services in palliative and end of life care in the very best
interests of our patients and their families.
Woking Hospice | Annual Report and Financial Statements | Year Ended 31 March 2025 |
17

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
Trustees' Responsibilities
The Trustees (who are also Directors of Woking Hospice for the purposes of Company Law) are
responsible for preparing the Trustees' Annual 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 the financial year that give a
true and fair view of the state of affairs of the charitable company. They must also give a true and
fair view of the incoming resources and application of resources, including the income and
expenditure of the charitable company for that period.
In preparing these financial statements, the Trustees are required to:
A. Select suitable accounting policies and then apply them consistently
B. Observe the methods and principles in the Charities Statement of Recommended Practices
C. State whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements
D. Make judgements and estimates that are reasonable and prudent and;
E. Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charitable company will continue in business
The Trustees are responsible for keeping adequate accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to enable them
to ensure that the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
So far as the Trustees are aware, there is no relevant audit information of which the company's
Auditor is unaware. Each Trustee has taken all the steps that he or she ought to have taken as a
Director in order to make himself or herself aware of any relevant audit information and to establish
that the company's Auditor is aware of that information.
The Trustees' Annual Report and Strategic Report have been approved and authorised for issue by
the Board on 12 November 2025 and signed on its behalf by:
- Signed by:
AD26234718804F7.
Tim Stokes
Chair of the Board of Trustees
12 November 2025
Woking Hospice | Annual Report and Financial Statements | Year Ended 31 March 2025 |
18

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF WOKING HOSPICE
Opinion
We have audited the financial statements of Woking Hospice for the year ended 31 March 2025 which comprise the
statement of financial activities, the balance sheet, the statement of cash flows, and the notes to the financial
statements, including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of
the accounts section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the accounts 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
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report
the use of the going concern basis of accounting in the preparation of the financial statements is not
-
appropriate; or
the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the charitable company's ability to continue to adopt the going concern basis of
accounting for a period of at least twelve months from the date when the financial statements are authorised
for issue.
Other information
The Trustees are responsible for the other information. The other information comprises the information included in
the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial
statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact.
We have nothing to report in this regard.
- 19 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WOKING HOSPICE
Matters on which we are required to report by exception
In the light of the knowledge and understanding of Woking Hospice and its environment obtained in the course of
the audit, we have not identified material misstatements in the Trustees Report or the Quality Report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the 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.
Responsibilities of Trustees
As explained more fully in the statement of 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 auditors 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including
fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
• We obtained an understanding of the legal and regulatory frameworks applicable to the charity and the
sector in which they operate. We determined that the following were most significant: the Companies Act
2006, the Charities Act 2011.
• We obtained an understanding of how the charity is complying with those legal and regulatory frameworks
by making inquiries to the management of the charity. We corroborated our inquiries through our review of
correspondence during our audit work.
• We assessed the susceptibility of the charity's financial statements to material misstatement, induding how
fraud might occur. Audit procedures performed included:
• identifying and assessing the design and implementation of controls management has in place to
prevent and detect fraud;
• understanding how those charged with governance considered and addressed the potential for
override of controls or other inappropriate influence over the financial reporting process;
• challenging assumptions and judgements made by management in it's significant accounting
estimates;
• identifying and testing journal entries; and
• assessing the extent of compliance with the relevant laws and regulations.
- 20-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF WOKING HOSPICE
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is
also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional
concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at: http://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 auditors' 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.
I Handler
Colin Hamilton (Senior Statutory Auditor)
for and on behalf of Ward Williams Limited
21/11/25
Chartered Accountants
Statutory Auditor
Belgrave House
39-43 Monument Hill
Weybridge
KT13 8RN
Ward Williams Limited is eligible for appointment as auditor of the charitable company by virtue of its eligibility for
appointment as auditor of a company under of section 1212 of the Companies Act 2006
- 21 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Net gains on listed investments
Total income
Expenditure on:
Charitable activities
Raising funds including retail
Total resources expended
Net (expenditure/income for the year/
Net movement in funds
Fund balances at 1 April 2024
Fund balances at 31 March 2025
Notes
3
4
5
6
Unrestricted Restricted
funds
funds
€
1,906,246
3,225,824
3,964,074
96,732
761
9,193,637
Total
2025
Total
8
7
7,022,564
3,301,443
10,324,007
(1,130,370)
12,817,572
11,687,202
139,653
2,045,899
:
3,225,824
3,964,074
96,732
761
139,653
9,333,290
1,826,195
3,266,876
3,770,410
100,471
78,325
9,042,277
116,825
22,747
139,572
7,139,389
3,324,190
10,463,579
7,000,786
3,361,614
10,362,400
81
35,982
36,063
(1,130,289) (1,320,123)
12,853,554 14,174,677
11,723,265
12,853,554
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 25 - 44 form part of these financial statements.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
- 22-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
BALANCE SHEET
AS AT 31 MARCH 2025
2025
€
Fixed assets
Tangible assets
Investments
Notes
13
14
€
8,759,532
824,382
9,583,914
2024
€
8,940,708
823,621
9,764,329
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within
one year
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
Unrestricted funds
16
17
18
3,003
1,136,050
1,980,522
3,119,575
(980,224)
7,143
1,525,736
3,002,125
4,535,004
(1,445,779)
2,139,351
11,723,265
3,089,225
12,853,554
21
36,063
11,687,202
11,723,265
35,982
12,817,572
12,853,554
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The notes on pages 25 - 44 form part of these financial statements.
The financial statements were approved by the Trustees on. .18-Nov-25…...
- DocuSigned by:
Jon Jagger
!!. D27B2CE085CC4CB:
J Jagger
Trustee
Company Registration No. 03955487
- 23-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
Notes
2024
€
Cash flows from operating activities
Cash absorbed by operations
Investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
€
(847,144)
(994 2)
(254,393)
79,934
(323,200)
(174,459)
(1,021,603)
3,002,125
1,980,522
(239,529)
-
(242,295)
3,244,420
3,002,125
- 24 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1
1.1
1.2
Accounting policies
Charity information
Woking Hospice is a charitable company limited by guarantee and a registered charity in the United Kingdom.
The address of the registered office is given in the charity information page of these financial statements.
The charity's principal activities are the provision of palliative care and hospice services to the communities in
North West Surrey.
In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1
per member of the company. The presentational currency is Pound Sterling (€).
Accounting convention
The financial statements have been prepared in accordance with the Charities SORP, the Charities Act 2011,
the Companies Act 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).
Woking Hospice meets the definition of a public benefit entity under FRS102.
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 E.
The financial statements have been prepared under the historical cost convention, unless stated otherwise in
the relevant accounting policy note. The principal accounting policies adopted are set out below.
The Trustees have taken the option set out in the Charities SORP paragraph 24.13A not to prepare
consolidated financial statements, where the exclusion of a subsidiary from consolidation is not material to the
truth and fairness of these accounts. The trustees believe that doing so would not result in the affected
primary statements or notes being materially different when compared to those of consolidated statements.
Where Sam Beare Hospice generates a surplus, the historic and present strategy of its trustees is that the
charity grants this entire surplus to Woking Hospice.
Going concern
The principal financial risks facing the Hospice are summarised in Trustees report and reflect the inherent
uncertainties of the Hospice and charity sector. The Trustees consider that there are no material uncertainties
regarding the charitable company's ability to continue as a going concern for the foreseeable future.
The balance of income after our fundraising and other charitable activities derived primarily from our contract
for clinical services with the Surrey Heartlands Integrated Care Board (ICB). This contract is for Inpatient,
Community and "Hospice at Home" services.
The Hospice's relevance to the communities of Northwest Surrey has never been so important at a time when
more and more people are needing hospice care. The Hospice has continued to build on its relationships with
its partners within the NHS Northwest Surrey Alliance and wider Surrey Heartlands Integrated Care System
and it is gratifying to see ever closer collaboration.
At a time when new challenges are becoming more apparent, including the pressure for further wage rises
and other operational cost increases, the Finance and Sustainability Committee continued to monitor monthly
financial performance against Budget and Prior Year. The Committee also focuses quarterly on cash flow
forecasts on a rolling 24-month basis and annually over a 36-month basis. Despite the cost pressures noted
above, our cash reserve position appears to be sufficiently strong to maintain activities at full capacity levels.
Accordingly, the financial statements have been prepared on a going concern basis as the Trustees consider
that no material uncertainties exist concerning its ability to meet its financial obligations as they fall due for the
foreseeable future.
- 25-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in the furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes anc
Ises of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Income is recognised when the charity or its subsidiary are 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.
Donations
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 until these conditions are fully
met or the fulfilment on these is within the control of the charity and it is probable that they will be fulfilled.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at
the time of the donation.
Legacies
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. At this point income is recognised. If the amount is not known,
the legacy is treated
as a contingent asset. This would normally be the case when charity gets notified of
legacies however it is impossible to measure the expected distribution amount.
Donated facilities and services
Donated facilities and donated professional services are recognised as income at their fair value when the
following conditions are satisfied: when their economic benefit is probable, they can be measured reliably, and
the charity has control over them. Fair value is determined on the basis of the value of the gift to the charity
which is the value dictated by the open market for comparable facilities and services.
No amount has been recognised in the financial statements for any volunteers' activity time donated in line
with criteria outlined in the SORP (FRS102). This was also detailed in the Trustees' Annual Report.
Trading and fundraising
Income from trading activities consists of income earned from fundraising events and any trading activities
required to raise funds for the charity and its subsidiary undertaking. Fundraising income is recognised in the
accounts when the entitlement to the income has occurred.
This would normally occur when the following conditions are satisfied: on or shortly after when the fundraising
activity or event takes place, the charity has fulfilled any performance-related conditions attached to the
income (where any), there is a reasonable assurance that the income will be received by the charity, and the
value of the income can be quantified with reasonable accuracy.
- 26 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
Sales of donated goods
The revenue derived from sale of donated goods for resale would normally be recognised in income as
follows:
1) For store sales, when the goods are sold to customers at the point of exchange of goods for payment from
customers at the till if in store sales.
2) For on-line platforms sales (e.g., eBay sales), when customer places an order and makes the payment,
which is also usually the same day when goods are despatched.
There were no donations of goods recognised as stock in the year ended 31 March 2025 (2024: ENil). It is
impractical to estimate the fair value of these goods on receipt because of the volume of low value items
received and the lack of detailed records and comparable market data to arrive at a lower of cost and net
realisable value of these goods when donation is received.
Government support
Income from government sources is recognised at fair value when the charity's entitlement arises. This is
when the income performance conditions have been met, it is probable that the revenue will be received, and
the amount can be measured reliably. If the entitlement's conditions cannot be met, the revenue is deferred
until these conditions are satisfied.
1.5
Resources expended
All expenditure is accounted for on an accruals basis and is classified on an aggregate basis under relevant
and most appropriate costs categories, in line with their nature and purpose.
Expenditure is recognised when there is a legal or constructive obligation to make payments or the charity
becomes liable for these payments to the third parties, it is probable that the settlement will be required, and
the amount of the settlement can be measured reliably.
Cost of raising funds includes the costs which relate to income generation and retail departments.
Expenditure on charitable activities includes all costs of the provision of hospice services.
Irrecoverable VAT is charged as an expense against the activity as a result of which the relevant expenditure
occurred.
All expenditure is inclusive of irrecoverable VAT.
Support costs allocation
Support costs are expenses which were incurred with the view of support of charitable activities but do not
directly represent these activities. These consist of office costs, governance costs and administrative payroll
costs, and are linked directly to the support of expenditure on the objectives of the charity and include project
management.
Support costs also include governance costs incurred in relation to the compliance with
constitutional and statutory requirements. The analysis of support costs is presented in Note 9.
Where support costs cannot be directly attributed to particular headings, they are allocated to the cost of
raising funds and expenditure on charitable activities on a basis consistent with use of the resources.
Premises overheads are allocated on a usage basis and other overheads are apportioned on basis consistent
with use of the resources as follows: heads, Full Time Equivalent (FTE), floor space and expenditure.
- 27 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
1.6 Tangible fixed assets
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 thei
Iseful lives on the following bases
Hospice buildings
Shop and warehouse fittings
Fixtures and fittings
Motor vehicles
2%
20%
15%-33%
20%-30%
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 net income/(expenditure) for the year.
Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date.
Changes in fair value are recognised in net
income/(expenditure) for the year. Transaction costs are expensed as incurred. Investment income is
recognised in the period in which the charity is entitled to receipt.
1.8
Impairment of fixed assets
At the end of each reporting date, the charity reviews the carrying amounts of 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).
1.9
Stocks
comprises all costs of purchases, costs of conversion and those costs that have been incurred in bringing the
stock to their present location and condition. Cost is calculated using the first in, first out method. Provision is
made for slow moving and obsolete stock where appropriate.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand and in bank and cash relating to short-term listed liquid
investments.
1.11 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.
- 28 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances and other debtors, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cos
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.
Impairment of financial assets
Debtors which are not subject to interest rates and are receivable within one year are recognised at
transaction price. Any losses arising from impairment are recognised as expenditure.
Basic financial liabilities
Basic financial liabilities, including trade creditors, intercompany balances and other creditors 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.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Fund accounting
General funds are unrestricted and are available to the charity at the discretion of the Trustees in the
furtherance of the general objectives of the charity.
Restricted funds are used in accordance with specific restrictions imposed by donors or which have been
raised by the charity for any particular purposes. The cost of raising and administering restricted funds are
charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the
financial statements.
Investment income, both gains and losses are allocated to the appropriate fund.
2
Critical accounting estimates and judgements
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.
- 29 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2
Critical accounting estimates and judgements
(Continued)
Critical judgements
Useful economic life of fixed assets
Judgements:
The estimation of the useful economic life of depreciated assets involves significant judgement. Trustees
consider various factors, including the assets' expected usage, technological advancements, maintenance
policies, and historical performance. These judgements are critical in determining the depreciation rates and
underlying useful economic life of each assets category.
Key sources of estimation uncertainty:
Usage Patterns: Variations in how frequently and intensively assets are used can impact their useful life.
Maintenance Practices: The quality and frequency of maintenance can extend or shorten an asset's useful
life.
Market Conditions: Economic shifts can influence the demand for certain assets, affecting their useful life.
Ensuring appropriate and accurate estimates:
Regular Reviews: Trustees conduct regular reviews of the useful economic life of assets, considering any
changes in the factors mentioned above. This ensures that the estimates remain relevant and accurate over
Historical Data Analysis: Trustees analyse historical data on asset performance and depreciation can help in
making informed estimates. This includes reviewing past estimates and comparing them with actual
outcomes.
Donated goods
Judgements:
Estimating the value of goods donated to charity by donors involves significant judgement, particularly when
high volumes make it impractical to assess each item individually. Trustees consider these to be challenging
due to the nature of the donations, the variability in the condition and quality of the items, and the logistical
challenges in valuing large quantities of goods.
Key Sources of Estimation Uncertainty:
Volume of Donations: High volumes of donated goods make it challenging to individually assess and value
each item.
Condition and Quality: The condition and quality of donated items can vary widely, adding to the complexity of
valuation.
Lack of Market Data: Limited market data for certain types of donated goods can hinder accurate valuation.
Logistical Constraints: Practical difficulties in sorting, categorising, and valuing large quantities of donations.
Donor Information: Incomplete or inconsistent information from donors regarding the donated items.
Ensuring Appropriate and Accurate Estimates:
The Trustees decided not to value the goods received from donors due to extensive impracticalities behind
the process and above factors mentioned
- 30 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2
3
Critical accounting estimates and judgements
(Continued)
Allocation of support costs
Judgements:
Allocating support costs between raising charitable funds and activity support costs involves significan
udgement. Trustees consider the nature of the activities, the direct and indirect benefits derived from th
support costs, and the proportionality of the allocation. These judgements are essential to ensure that the
inancial statements accurately reflect the charity's resources utilisation.
Key Sources of Estimation Uncertainty:
Activity Overlap: Some support activities on occasions benefit both fundraising and operational activities,
making it challenging to allocate costs accurately.
Indirect Benefits: Indirect benefits of support costs, such as administrative expenses, can be difficult to
quantify and allocate.
Proportionality: Determining the appropriate proportion of support costs to allocate to each activity can be
subjective and may vary over time.
Data Availability: Limited or inconsistent data on the usage and impact of support costs can hinder accurate
allocation.
Changing Priorities: Shifts in charity's priorities and strategies can affect the allocation of support costs.
Ensuring Appropriate and Accurate Estimates:
Clear Allocation Criteria: Trustees set out clear and consistent criteria for allocating support costs. This
includes defining the basis for allocation, such as time spent, resources used, or direct benefits derived.
Regular Reviews: Trustees conduct regular reviews of the allocation methods and assumptions which ensures
that the estimates remain relevant and accurate over time. This includes updating the methods based on new
information or changes in charity activities.
etailed Documentation: Trustees maintain detailed documentation of the assumptions, methodologies, an
itera used in allocating support cost
Continuous Improvement: Trustees foster a culture of continuous improvement, encouraging feedback and
learning from past allocation errors. This iterative process helps in refining the allocation techniques and
enhancing accuracy.
Donations and legacies
Donations
In memory donations
Legacies receivable
Grants from trusts
Grants from subsidiary
Corporate
For the year ended 31 March 2024
Unrestricted Restricted
funds
funds
€
€
237,228
463,759
769,105
78,720
182,301
175,133
1,906,246
49,059
13,906
66,888
9,800
139,653
1,659,320
166,875
Total
2025
286,287
477,665
769,105
145,608
182,301
184,933
2,045,899
Total
2024
224,630
465,803
605,078
174,689
166,169
189,826
1,826,195
1,826,195
- 31 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Charitable activities
5
Unrestricted Restricted
funds
funds
€
Total
2025
Integrated Care Board
Continuing care
Hospice at home
Other
For the year ended 31 March 2024
1,748,064
539,118
522,666
415,976
3,225,824
3,218,291
539,118
522,666
415,976
3,225,824
48,585
Other charitable income consists mainly of pharmacy services, support services and doctors' recharged
income.
Other trading activities
Total
2024
1,687,034
480,571
499,151
600,120
3,266,876
3,266,876
Lottery and raffles
Fundraising events
Shop income
Gift Aid on shop income
Other
Unrestricted Restricted
funds
funds
€
241,573
610,975
2,772,310
253,292
85,924
3,964,074
3,752,650
17,760
6
For the year ended 31 March
2024
Investments
Rental income
Bank interest receivable
Total
2025
241,573
610,975
2,772,310
253,292
85,924
3,964,074
Total
2024
€
329,606
528,465
2,635,601
234,922
41,816
3,770,410
3,770,410
2025
2024
Unrestricted Unrestricted
16,800
79,932
96,732
16,800
83,671
100,471
- 32 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Raising funds
Fundraising and publicity
Direct fundraising costs
Direct retail costs
Support costs
Unrestricted Restricted
funds
€
funds
€
545,694
2,399,594
356,155
3,301,443
3,360,609
:
22,747
22,747
1,005
8
For the year ended 31 March 2024
Charitable activities
Direct costs of palliative care
Recharges of doctors' costs
Support costs
For the year ended 31 March 2024
Unrestricted Restricted
funds
€
funds
€
3,860,676
116,825
891,125
-
4,751,801
116,825
2,270,763
-
7,022,564
116,825
6,724,029
276,757
- 33-
Total
2025
€
545,694
2,399,594
378,902
3,324,190
Total
2025
€
3,977,501
891,125
4,868,626
2,270,763
7,139,389
Total
2024
€
650,180
2,307,847
403,587
3,361,614
3,361,614
Total
2024
€
4,028,197
553,884
4,582,081
2,418,705
7,000,786
7,000,786

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9
Support costs
Finance
Information Technology
HR & volunteering
Property
Management
Governance
Legal
Other
For the year ended 31 March 2024
Raising Charitable
funds
activity
€
€
52,405
314,065
38,915
233,217
43,374
259,941
117,895
706,545
21,932
131,436
984
5,899
3,096
18,557
100,301
601,103
378,902
2,270,763
403,587
2,418,705
Total
2025
Total
2024
366,470
272,132
303,315
824,440
153,368
6,883
21,653
701,404
2,649,665
449,120
293,706
251,408
861,290
221,176
2,560
15,997
727,035
2,822,292
2,822,292
Other support costs at £701,404(2024: £727,035) relate to maintenance and management of hospice care
centres and marketing and communication.
The above governance costs relate to access to Governor Hub and Stay and Information Commissioner
Office (ICO) relating costs.
In addition to the above support costs, there are further governance costs included within Management
Finance and Legal support costs presented above. These are audit fees of £23,250 (2024: £33,640) anc
legal and professional fees of £24,132 (2024: E24,761).
Total governance costs across all costs categories amounted to £54,001 (2024: E74,398).
10 Net movement in funds
2025
2024
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the audit of the company's financial
statements
Depreciation of owned tangible fixed assets
Operating lease charges
23,250
435,569
459,118
33,640
385,400
456,702
11
Trustees' and key management personnel remuneration and expenses
The total amount of employee benefits received by key management personnel is £486,809 (2024: E578,267).
The charity considered that the following are key management personnel: The Trustees, Chief Executive
Officer, Deputy CEO/ Director of Clinical Services, Director of Income, Director of People, Director of Finance.
Trustees incurred expenses of Nil during the year (2024: ENil) which relate to out of office meeting room hire.
None of these expenses were paid via third party.
No Trustees are accruing pension arrangements. The Trustees were covered by qualifying indemnity
insurance during the year. The Trustees neither received nor waived any remuneration during the year (2024:
£Nil). No Trustees received payment for professional or other services supplied to the charity.
- 34 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12 Employees
The average monthly number employees during the year was:
Raising funds
Charitable activities
Management, finance and administration
Employment costs
Wages and salaries
Social security
Pension
The number of employees whose annual remuneration was £60,000 or more
E60,000-70,000
£70,000-80,000
£80,000-90,000
£90,000-100,000
>£100,000
- 35 -
2025
Number
72
93
31
196
2025
€
6,586,873
627,371
392,488
7,606,732
2025
Number
8
2
4
2
2
18
2024
Number
78
103
25
206
2024
6,514,980
606,606
385,750
7,507,336
2024
Number
2
6
1
2
2
13

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Tangible fixed assets
14
Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Hospice
buildings
8,901,326
-
8,901,326
474,037
178,727
652,764
8,248,562
8,427,289
Shop and Fixtures and
warehouse
fittings
fittings
€
967,271
15,871
983,142
1,968,397
238,522
2,206,919
845,622
50,847
896,469
86,673
121,649
1,576,627
205,995
1,782,622
424,297
391,770
Total
11,836,994
254,393
12,091,387
2,896,286
435,569
3,331,855
8,759,532
8,940,708
Hospice buildings include the main Woking site at a carrying amount of £8,248,562. This is held under a 999
year lease and it is a condition of the lease that the property can only be used as a Hospice.
Fixed asset investments
Cost or valuation
At 1 April 2024
FV movement
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Listed
Cash on
investments
investments
823,038
761
823,799
823,799
823,038
583
-
583
583
583
Total
€
823,621
761
824,382
824,382
823,621
Historic cost of listed investments held as at the year-end brought forward from previous year is £750,000.
- 36-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Financial instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Equity instruments measured at cost less impairment
Carrying amount of financial liabilities
Measured at amortised cost
16 Stocks
Christmas cards and similar goods
17 Debtors
Amounts falling due within one year:
Trade debtors
Amounts due from fellow group undertakings
Other debtors
Prepayments and accrued income
2025
799,101
824,382
778,390
2024
1,183,340
823,621
657,354
2025
3,003
2024
€
7,143
2025
43,397
140,265
697,417
254,971
1,136,050
2024
675,203
166,792
422,956
260,785
1,525,736
18 Creditors: amounts falling due within one year
Trade creditors
Other taxation and social security
Deferred income
Accruals
Other creditors
19 Deferred income
Deferred income
Notes
19
2025
156,704
144.222
57,612
524,871
96,815
980,224
2025
€
57,612
2024
139,864
167,175
621,250
399,244
118,246
1,445,779
2024
€
621,250
Deferred income comprises mainly ICB advance income, together with income from fundraising events held
in 2025/26
- 37-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Retirement benefit schemes
The total employer pension contribution to all schemes for the year ended 31 March 2025 charged t
Statement of Financial Activities was £392,488 (2024: £385,750)
Auto-enrolment
The auto-enrolment pension contributions payable in the year were E140,876 (2024: £146,160).
NHS Pension Scheme
The Hospice makes payments to the NHS Pension Scheme for former NHS employees who, on employment
with the Hospice, are eligible to continue in or re-join the NHS Pension Scheme. The NHS Pension scheme is
an unfunded defined benefit scheme that covers employees of NHS employers, General Practices and other
bodies allowed under the directive of the Secretary of State for Health and Social Care in England and Wales,
which includes the Hospice. It is impossible to identify the Hospice's share of the underlying assets and
liabilities and as a result of that, the NHS Pension Scheme is treated as a defined contribution scheme under
The NHS employer pension contributions payable in the year were E251,612 (2024: £239,590).
- 38 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21
Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of
donations and grants held on trust for specific purposes:
Year-ended 31
March 2025
CNS
Horticultural Project
Counselling
Equipment
Recovering of chairs
Flooring
Wellbeing
Education suite
Other
Movement in funds
Balance at 1
Incoming Resources Balance at 31
April 2024
resources
expended
March 2025
€
€
1,468
-
3,610
29,807
22
1,075
35,982
65,900
8,100
-
39,199
6,525
4,966
2,000
9,151
3,812
139,653
(66,279)
(4,999)
1,089
(3,610)
3,101
(44,274)
24,732
(5,475)
1,050
(2,022)
4,966
(9,151)
(3,762)
(139,572)
36,063
Year-ended 31
March 2024
CNS
Horticultural Project
Counselling
Equipment
Flooring
Wellbeing
Other
Balance at 1
April 2023
€
13,000
3,000
24,244
37,563
1,938
779
80,524
Movement in funds
Incoming
Resources Balance at 31
resources
expended
March 2024
€
208,859
3,010
14,263
5,187
1,301
233,220
(220,391)
(3,000)
(8,700)
(37,563)
(7,103)
(1,005)
(277,762)
1,468
3,610
29,807
1,075
35,982
- 39 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21
Restricted funds
(Continued)
Funds description is as follows:
Clinical Nurse Specialists (CNS) funds provided to support care at home.
Horticultural project is for funds to be spent on the hospice gardens.
Counselling funds are to assist in the delivery of the counselling service to patients and family members.
Equipment fund is to assist in the purchase of clinical equipment such as new beds and chairs for the
wellbeing centres and the ward.
The On call service fund is for the service provided by the medical team, including external support, followin
the need to move this service predominantly in-house
Clinical IT systems fund is for the EMIS project for the community teams.
22
Unrestricted funds
The income funds of the charity include the following unrestricted funds which have been set aside out of
unrestricted funds by the Trustees to meet the objectives of the charity:
Year-ended 31
March 2025
Movement in funds
Balance at 1
April 2024
Incoming
Resources
• Balance at 31
resources
expended
March 2025
€
€
Unrestricted funds - general
12,817,572
9,193,637 (10,324,007)
11,687,202
Year-ended 31
March 2024
Unrestricted funds - general
Balance at 1
April 2023
14,093,153
Movement in funds
Incoming
/ Resources
Balance at 31
resources
expended
March 2024
8,809,057(10,084,638)
12,817,572
- 40-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of net assets between funds
Fund balances at 31 March 2025 are
represented by:
Tangible assets
Investments
Current assets/(liabilities)
Unrestricted
funds
€
8,759,532
824,382
2,103,288
11,687,202
Restricted
funds
€
:
36,063
36,063
Total
2025
€
8,759,532
824,382
2,139,351
11,723,265
Total
2024
8,940,708
823,621
3,089,225
12,853,554
Total restricted net assets funds for the year ending 31 March 2024 related to current assets and amounted
to £35,982.
24
Operating lease commitments
Operating leases mainly relate to shop leases.
Paymenis order end dare tale apean grease, had pul are a commitments for future minimum lease
Within one year
Between two and five years
In over five years
2025
476,621
1,367,807
749,605
2,594,033
2024
459,118
1,571,137
1,580,663
3,610,918
25
26
Related party transactions
Event costs totalling £1,360(2024: £1,120) were paid to an entity which is operated by the spouse of a
Trustee, Richard Roberts, that is considered a related party. The Trustee has neither direct nor indirect interest
or control in that entity.
Members liability
The charity is constituted as a company limited by guarantee. In the event of the charity being wound up, the
liability of each member is limited to a maximum of f1, being the amount that each member undertakes to
- 41 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
27 Subsidiaries
Sam Beare Hospice
Sam Beare Hospice is a wholly controlled subsidiary of Woking Hospice, with company number 05822985
and charity number 1115439, registered office of Goldsworth Park Centre, Woking, Surrey, GU21 3LG.
Woking Hospice operates as Woking & Sam Beare Hospices. The fundraising surplus from Sam Beare
lospice has been given to Woking Hospice as a grant for services. The decision to do so annually wa
agreed at the Board of Trustees' meeting on 11 November 2020 until further notice. No notice as such ha
been issued to date. In 2025 Sam Beare awarded a grant of £182,301 (2024: £166, 169) to Woking Hospice.
Whilst the income for Sam Beare is £185,698 (2024: £172,289), the Trustees decided not to consolidate the
two entities this year, similarly to previous years since 2017. If in the future it appears that Sam Beare is
consistently receiving notifications of high value donations, legacies or other charitable income, then the
The individual financial statements of the subsidiary are presented below.
Details of the charity's subsidiaries at 31 March 2025 are as follows:
Name of undertaking
Sam Beare Hospice
Registered Nature of business
office
England andMedical nursing home
Wales
activities
% Held
Direct
100
- 42 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
27 Subsidiaries
Statement of Income and Expenditure
(Continued)
Income from:
Donations and legacies
Other trading
Investment
Total
Expenditure from:
Charitable activities
Governance costs
Grant to Woking Hospice
Total
Net Income and
Expenditure
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted Restricted
Funds 2025
Funds 2025
€
€
2025 Total
164,425
18,374
2,899
185,698
2,227
1,170
182,301
185,698
-
:
-
-
€
164,425
18,374
2,899
185,698
2,227
1,170
182,301
185,698
-
:
The Statement of Financial Activities includes all gains and losses recognised in the year.
Balance Sheet
2024 Total
158,827
3,728
9,734
172,289
1,035
5,085
166,169
172,289
:
Current assets
Debtors
Cash at bank and in hand
Total current assets
Creditors: amounts falling
due within one year
Net current assets
Total assets less total
liabilities
Net Assets
2025 Total
2,057
140,208
142,265
(142,265)
2024 Total
€
31,261
138,229
169,490
(169,490)
- 43 -

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
27 Subsidiaries
Funds of the Group/ Charity
Unrestricted funds
Restricted funds
Total funds
28 Cash generated from operations
Deficit for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on investments
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease/(increase) in stocks
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Rental income
Cash absorbed by operations
- 44 -
(Continued)
:
-
2025
€
(1,130,289)
(97,495)
435,569
4,140
389,686
(465,555)
16,800
(847,144)
2024
(1,320,123)
(100,471)
(78,325)
385,400
(3,948)
1,097,163
738
16,800
(2,766)

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
WOKING HOSPICE
LEGAL AND ADMINISTRATIVE INFORMATION
Charity number
Company number
Secretary
Registered office
Trustees
Auditor
Bankers
Investment managers
Solicitors
1082798
03955487
Anne Collett
The Goldsworth Park Centre
Woking
GU21 3LG
Nicola Eggers (Resigned 7th June 2024)
Susan Gent (Resigned 31st December 2024)
Peter Goodyear (Resigned 13th November 2024)
Jon Jagger
Roy Jarvis (Resigned 12th November 2025)
Kerry Jarred (Resigned 1st April 2025)
Carina Kemp (Resigned 31st March 2025)
Marc Riggs (Resigned 13th November 2024)
Richard Roberts
Timothy Stokes
Nuweed Razaq (Appointed 29th January 2025)
Simon Moore (Appointed 29th January 2025)
Paula Van Beurden (Appointed 11th February 2025)
Ketan Amin (Appointed 11th February 2025)
Dr Katharine Emma Wilkinson (Appointed 10th June 2025)
Jennifer Way (Appointed 12th September 2025)
Ward Williams Limited
Belgrave House
39-43 Monument Hill
Weybridge
KT13 8RN
Barclays Bank Plc
Leicester
LE87 7BB
Lloyds TSB PIc
Gail House
Lower Stone Street
Maidstone
ME15 6NB
Rathbones Group Plc
8 Finsbury Circus
London
EC2M 7AZ
Moore Barlow
The Oriel, Sydenham Road
Guildford
GU1 3SR
- 45-

Docusign Envelope ID: BD40E2A3-39E2-48E3-9E6B-FC12041B5238
Woking & Sam Beare
Hospice and Wellbeing Care
Egham
Virginia Water
RUNNYMEDE
Chertsey
Addlestone
Ottershaw
Ashford
SPELTHORNE
Shepperton
Walton-on-Thames
Windlesham
SURREY HEATH
Bagshot
Chobham
Lightwater
Bisley
Goldsworth
Knaphill Park
West Byfleet
Horsell
WOKING
Brookwood
Kingfield
Pirbright
Send
Weybridge
WEST
ELMBRIDGE
Ripley
NORTH
GUILDFORD
East Horsley
Merrow
Woking & Sam Beare Hospice and Wellbeing Care
E: info@wsbh.org.uk
T: 01483 881750
www.wsbh.org.uk
Woking Hospice
Goldsworth Park Centre
Woking
FR
Registered with
FUNDRAISING
REGULATOR