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← Zoe's Place Trust

2025-06-30-accounts

Company registration number: 04446416 Charity registration number: 1092545

ZOE'S PLACE TRUST

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 June 2025

Amended

Zoe's Place Trust

Contents

Reference and Administrative Details 1 to 2
Trustees' Report 3 to 19
Independent Auditors' Report 20 to 23
Consolidated Statement of Financial Activities 24
Consolidated Balance Sheet 25
Balance Sheet 26
Consolidated Statement of Cash Flows 27
Notes to the Financial Statements 28 to 52
Comparative Consolidated Statement of Financial Activities 53

Zoe's Place Trust

Reference and Administrative Details

Trustees A Schofield, Chair Reverend P D McGuire J Stainsby C Greenall Prof W Tin L Zapasnik M Cunningham (resigned 14 August 2024) Secretary J Stainsby Key Management Personnel T Armstrong (Head of Care), L Collins (Head of Fundraising), C Grant (Head of Estates & Compliance), T Harrington (Head of Fundraising), G Harris (Director of Clinical Services), B O'Gara (Head of Care), E Matemadombo (Head of Finance), D Wm. Reynolds FCMA CGMA (Finance Director), Registered Office Upper Ground Floor 15 Dormer Place Leamington Spa Warwickshire CV32 5AA Company Registration Number 04446416 Charity Registration Number 1092545 Solicitors Womble Bond Dickinson The Spark Draymans Way Helix Newcastle upon Tyne NE4 5DE

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Zoe's Place Trust

Reference and Administrative Details

Bankers HSBC Bank plc Middlesbrough Albert Road 60 Albert Road Middlesbrough TS1 1RS Barclays Bank plc Leamington Spa 150 The Parade Leamington Spa CV32 4AG NatWest Coventry 1st Floor Rowan House Coventry West Midlands CV4 8LE Investment Advisors Azets Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS Auditor Azets Audit Services Chartered Accountants and Statutory Auditor Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS

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Zoe's Place Trust

Trustees' Report

Chairmans report

At Zoe's Place we believe that 'every bud deserves the chance to bloom'. We believe that human life is precious however fragile or short it may be. That belief sustains all that we do.

The present depressed economic conditions continue to have an impact on our fundraising which in turn affects the level of care and support we are able to provide to children and families accessing our service. The recent increase in Employers N.I., and minimum wage has had a significant effect on our employment costs this coupled with the fact that individuals have less disposable income available to contribute to Charities has affected our income.

Following the announcement of the potential closure of our Liverpool Hospice, a fundraising campaign led by the Local MP enabled the creation of a new locally based Charity. This Charity took over the building of a new hospice and the day to day management of the hospice with the transfer completed on 1st May 2025. This campaign and subsequent transfer to the new Charity was undertaken with the full knowledge and support of the Charity Commission. As a result the Trustees were able to ensure that vital specialist care for children and support for families in Liverpool has been secured for the long term. The Trustees have worked diligently with the new Charity to ensure a smooth transfer with no break in service being experienced by the families.

Turning to the future, in the short term our objectives will be to:

(a) Secure our income by bolstering our mature sources (statutory, corporate and events) whilst boosting resilience by growing those less developed.

(b) In alignment with our nursing strategy invest in our people and systems to make it easier for our staff to deliver care for the children and families we support.

(c) Ensure we have a clear plan for the future development of both Middlesbrough and Coventry Hospices.

Our first priority at this point in time is to provide stability, research and develop income streams to ensure we are well placed to take advantage of any improvement in the economy, maintain our engagement with the ICB’s to obtain maximum benefit from statutory funding available.

The future is still very much a challenge, however inflation has fallen from record highs, and it is anticipated that a reduction in interest rates will enable the economy to begin to improve, which would subsequently be helpful for our fundraising activities.

With the Government’s announcement of their 10 year Plan for Health and moving the provision of care to be more community based, we are hopeful that a more sustainable funding plan for palliative/end of life care for hospices will be announced in coming months. At present only about 30% of income is derived from this source, meaning that we need to raise circa 70% from members of the public. We are continuing to engage with local MP’s to harness their support that funding for Children’s Hospices remains high on the Agenda of any future spending plans. This continued uncertainty over long term funding remains a challenge in future development.

We are however extremely grateful to have, at last, some certainty over the provision of the Children’s Hospice Grant. It was recently announced by the Minister that this Grant will be in place for the next three years and will increase in line with inflation during that period of time. This is very helpful indeed and will allow us to plan our budgets for the coming years with more certainty.

We remain extremely grateful to all the individual donors, Corporate Donors, Foundations, Trusts and event participants without whom our work would not be possible and, to the generous people who left a legacy in their will, or have pledged to do so in the future. We are particularly grateful to the Committee and participants of the Stictly Christmas event held in Coventry in December 2024 which raised in excess of £200,000 bringing the total raised by this group to in excess of £800,000 over the last eight years. This is a significant contribution towards the annual running costs of the Coventry Hospice.

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Zoe's Place Trust

Trustees' Report

Objectives and Activities

The vision of Zoe's Place is to ensure that every family with a child aged from birth to 5 years, living in our regions, with a life-limiting or life-threatening illness receives the specialist care and support they need. Every child should be given the right to live their life to the maximum potential

Our Mission is:

• To provide essential specialist palliative, respite and end of life care and support to babies and children from birth to 5 years, and their families across our regions. This may be extended to age 8 if there is a clinical or family need.

Our core value are:

• Respect and value the contribution of all Zoe's Place staff, supporters, volunteers, parents and families.

Beneficiaries

Compassionate care is at the heart of our philosophy and this will be provided to all who access our facilities irrespective of their colour, race, culture, denomination or condition. Care will be provided free of charge to all families irrespective of the family's social standing.

Every child will be treated as an individual and afforded dignity and respect at all times.

Our care will be provided in a way that ensures the child is at the centre of any planning and we will ensure their physical, emotional, social and spiritual needs are considered.

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Zoe's Place Trust

Trustees' Report

Facilities available at each Zoe's Place Hospice

Each Hospice can accommodate up to six infants at any one time. There is also Parents accommodation at each Hospice, should this be required.

There are soft play areas, sensory rooms, art and music therapy, physiotherapy, re-bound facilities and outdoor play areas available at each Hospice.

We believe in a holistic approach to care and look to support the whole family during their journey with Zoe's Place. There are sibling groups, play and stay, parents support groups, on-going counselling service, holistic therapy for parents, bereavement support groups and regular family fun days organised at each Hospice.

Our counselling and family support teams offer a broad range of emotional, practical therapeutic and social activities. Support is provided to the whole family, the child, parents, siblings or extended members of the family such as grandparents. Support can be one-to-one, face to face, on-line, or group work.

Our bereavement suites offer a private and comfortable space in which parents can begin to come to terms with the loss of their child. The child can rest in our specially designed chilled room until the funeral, allowing the parents to spend that vital time to say goodbye.

The following outlines the key services we have provided for our children and families this year.

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Zoe's Place Trust

Trustees' Report

Achievements and Performance

Caseload numbers in June 2025 show a total of 99 children currently being supported by both hospices, this is an increase on the figures of 2024. The number of children supported throughout the year is fluid as children have graduated, been discharged or died. Over the course of this year, we have supported a total of 114 children.

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Zoe's Place Trust

Trustees' Report

Occupancy across the year

The occupancy target as set by the board of Trustees was 80%, average across both hospices was 86%. The occupancy figures were impacted significantly by the recruitment and retention challenges at the Coventry Hospice.

Therapy Sessions.

A variety of therapies are offered across each hospice. Much work is being done to try and make these services more equitable to all children and families who access Zoe’s Place, regardless of their geographical location.

This year in total the following therapy sessions were provided.

65 individual physiotherapy 52 children benefitted 56 music therapy 56 children benefitted 31 animal therapy 75 children benefitted 13 dance therapy 29 children benefitted

In addition the following support was provided to siblings and extended members of the family. Plus we have also provided a total of 67 day trips out and 6 family parties!

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Zoe's Place Trust

Trustees' Report

Feedback on our service

We encourage feedback from our parents/carers as a means of learning and improving our facilities.

Throughout the year we received many written compliments from families. Here are some of their comments:

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Zoe's Place Trust

Trustees' Report

SUMMARY OF ACHIEVEMENTS IN 2024-2025

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Zoe's Place Trust

Trustees' Report

CLINICAL GOVERNANCE UPDATE

Our governance structure continues to be strengthened with regular policy review, clinical audit, risk management, incident reporting and development of our paperless care database system. Regular feedback to the trustees provides sound assurance we are providing a safe, effective, caring, responsive and well led service to our children and families.

During the year 2024-25 we received no complaints from families accessing our services.

Unfortunately our level of service and support to families has been severely impacted by the challenges faced in recruiting clinical staff for our Coventry Hospice. We are presently actively engaged in a major recruitment campaign to alleviate this situation. Opening hours have also been reduced due to falling income as a result of the continued depressed economic conditions.

Other Achievements

Zoe's Places are regulated by the Care Quality Commission who have rated both our Hospices as Good. We are pleased to receive this positive rating which reflects the hard work, professionalism and caring attitude of all our staff.

Our social media facilities continue to develop to provide support to parents, who can share experiences, give feedback, ask questions, get support and not feel so isolated. The Trustees offer their sincere thanks to the staff, volunteers and the supporters of both Hospices for their dedicated help and support during these challenging conditions.

Fundraising activities

Zoe's Place is heavily reliant on the support given by our local communities, and further afield, to ensure we can continue to support children and families who need our services. In a year when people's disposable income was squeezed by the cost of living crisis, we are exceptionally grateful to our supporters for their loyalty and generosity.

Our approach to fundraising

Our team of fundraisers and volunteers, in each hospice, offer a wide range of activities through which people can support our cause. From events and community led fundraising to corporate donations, regular direct debits and gifts left in wills, we aim to have a method of giving that suits the circumstances of all supporters.

Alongside our own fundraising, we work with an external lottery partner, who employs a commercial participator team to promote the lottery on our behalf. We are in regular communication with this third party and receive regular reports from them.

Regulation, compliance and governance

We are registered with the Fundraising Regulator and comply with the Code of Fundraising Practice. We had no compliance issues with the scheme during the year. In 2024/25 we were a corporate member of the Chartered Institute of Fundraising (CIOF) and several members of the fundraising leadership team hold individual membership.

Complaints

We received no formal fundraising complaints during the 2024/2025 year

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Zoe's Place Trust

Trustees' Report

Protecting vulnerable people and members of the public

Two members of the fundraising leadership team are experienced in protecting vulnerable people and are available to support and give guidance to other team members on any concerns. During the next year we will roll out training on this subject to other team members.

Fundraising Activities / Marketing

Zoe's Place Baby Hospice undertook limited direct marketing to our supporters and we do not believe that this activity has been an unreasonable intrusion on people's privacy. All direct marketing materials include information on how to opt out from receiving such information in the future. The majority of our fundraising asks are made over social media, which followers choose to receive and members of the public can easily 'switch off'. We hold regular fundraising leadership team meetings where any concerns regarding our contacts with the public can be discussed.

Zoe's Place Fundraising Principles:

• All funds raised by the Charity will be spent for the purpose for which they are raised.

• All funds raised through sponsorship activities will be banked into the Charity's bank account before deduction of expenses.

• We will never sell or share supporters’ personal information with a third party. Unless required by law to do so for example HMRC.

• All literature will properly describe what donations will be used for.

• We do not employ the services of Professional Fundraisers, however we do work with third parties in some of our fundraising activities.

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Zoe's Place Trust

Trustees' Report

Financial Review

Zoe’s Place is incredibly grateful for the unwavering support of our donors, funders, partners and local communities during what continues to be a challenging economic environment. Thanks to this generosity, we’ve been able to continue delivering our specialist care to babies, children and families who need us most.

We’re delighted to report that in the 2024/25 financial year, Zoe’s Place recorded total income of £6,212,906 (2023/24: £4,024,456). This reflects both the deep commitment and remarkable generosity of our donors to our hospices.

This year also marked a major milestone in the history of Zoe’s Place with the transition of our Liverpool hospice into a standalone charity. While we remain closely connected in values and purpose, this change reflects our shared ambition to grow and serve even more families across the UK.

As a result of this structural change, some financial comparisons to previous years are not like-for-like.

A summary of Zoe’s Place financial performance is as follows:

We received the Grant from NHS England totalling £656,000.

We continue to build our relationship with the ICB’s in our areas who contributed £616,213 towards planned respite care for our children.

In addition during the year 2024/25 we received a grant of £75,336 from NHS/HUK this was a one off grant which could only be used to cover expenditure on capital items. This was very welcome indeed since it enabled us to replace 8 cots ensuring that we continue to maintain a high standard of facilities throughout both hospices.

Whilst these one off payments were much appreciated it also highlights the need for a long term sustainable funding model for the provision of palliative, respite and end of life care provided by Children’s Hospices.

Overall Summary

The financial position for the year shows net incoming resources of £689,594 (2023/24 - outcoming - £1,228,398). Total funds amount to £3,966,546. Of the total funds as at the year end £1,162,910 were restricted and £2,803,636 being unrestricted funds of the group. Of the unrestricted funds £1,111,181 are Tangible Fixed Assets and £1,092,455 are free reserves of the group.

The Trustees consider the financial position of the group to be satisfactory, given the present circumstances we now find ourselves in, when read with the Charity Groups' reserve policy (which is outlined later in this report).

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Zoe's Place Trust

Trustees' Report

The financial statements, which have been prepared in accordance with the Statement of Recommended Practice, conform to current statutory requirements and comply with the charity's governing document.

Reserves and Going Concern

The Trustees have reviewed the reliability of income streams, our commitment to future expenditure and the risks we face as a charity. We are dependent on some volatile forms of fundraising income and much of our income is only committed for one year. However, we do have some forms of more reliable income and our income streams are becoming more diverse as we seek to reduce our risk.

In common with many Charities we expect our activities and finances for the next couple of years to be significantly impacted by the current economic climate.

The Trustees have examined the requirements of the charitable company to hold free reserves - those reserves not invested in tangible fixed assets, restricted or designated for particular purposes. This exercise considered both the normal requirements for working capital and the loss of income of a hypothetical but reasonable reduction in the scale of operations. Taking these factors into account the Trustees consider it would be appropriate to hold the equivalent of four months expenditure.

The calculation of free reserves is based on the definition included in the charity statement of recommended practice (SORP), which provides recommendations for accounting and reporting for charities; it excludes fixed assets together with long term financing liabilities. At the year end the charity had free reserves amounting to £1,092,455.

Budgets have been prepared taking into account current economic climate and the potential affect on income, the Trustees are confident that the Charity will be able to sustain an improved service to our families into the future. It remains our firm objective to diversify, develop and increase income in coming years to ensure we are able to support all children and families who seek our help.

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Zoe's Place Trust

Trustees' Report

Pay policy for Key Management Personnel and other staff

We have identified Key Management Personnel in the Reference and Administration section.

Risk Management

The Trustees have a Risk Management Strategy in place and together with the Senior Management Team regularly monitors risks to which the Charity is exposed and ensure that appropriate systems and controls are in place to mitigate such risks. As part of this work we maintain a risk register, which is reviewed and discussed quarterly by the Board of Trustees and action taken where appropriate to mitigate the risk.

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Zoe's Place Trust

Trustees' Report

Financial

The principal risk is that in an increasingly competitive environment, we are not able to raise sufficient funds to allow us to continue to provide care and support to our children and families. A Fundraising plan is in place and progress is reviewed against this quarterly.

Zoe's Place will continue to diversify its areas of sustainable income streams to ensure that it can continue to improve the level of care at both hospices.

The investment plan is reviewed regularly and as a matter of course annually.

Operational

Serious damage to our premises, or the heating system would cause major operational problems. The Trustees conclude that our premises are large enough to cope with a disruption that was not total. If the premises became totally unusable, arrangements are in place to evacuate the children to home or to the local hospital. Insurance is in place to cover any disruption to the on-going business of the charity. A business continuity plan is also in place to address these issues.

Clinical staffing levels - We are continuing to experience difficulty in recruiting Care staff to our Coventry Hospice. This is having a significant effect on opening hours and our ability to provide end of life care and support to families. We have recently improved our salary structure and are currently undertaking a recruitment campaign to increase staffing levels. There are several operational measures in place to mitigate this risk, for example ensuring pay and benefits are in line with other employers in this sector and training and development of existing staff.

Loss of IT infrastructure would cause major problems within the organisation. We have invested significantly in technology in recent years which has enabled us to work remotely, provide support to the families and stay in touch with donors.

Cyber attack on our data would be a major problem. We have therefore increased significantly our Security “fire-walls”, IT and training awareness to staff.

Compliance with Law and regulations

Principle risks relate to compliance to Charity Commission regulations, CQC Regulations, employment legislation, Health & Safety and GDPR. We have addressed this by having a revised set of Policies and procedures and a firm of HR consultants provide guidance on employment matters to ensure we are fully compliant. A Independent Risk Management Consultant also provides regular on-going advice and support.

External Risks

Changes in Government policy affecting distribution of funding from NHS England.

Changes in Local Authority or local NHS policy affecting referrals of children to the service.

Damage to our reputation.

Strategic

We will continue to develop our facilities to ensure we are able to provide the best help and support to as many families as possible in the Coventry and Middlesbrough areas.

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Zoe's Place Trust

Trustees' Report

Related Parties

Zoe's Place Trading Limited is a separate limited company. It is a wholly owned subsidiary of Zoe's Place Trust and is consolidated as part of these accounts. Zoe's Place Trading limited sells merchandise, receives licensed royalties and registration fees from challenge events.

Governing Document

Compassionate care is at the heart of our philosophy and this will be provided to all who access our facilities irrespective of their colour, race, culture, denomination or condition. Care will be provided free of charge to all families irrespective of the family's social standing.

Zoe's Place Trust, which was established in 2002, is a registered charity, number 1092545, and is incorporated as a company limited by guarantee (not having a share capital), company number 04446416. It is governed by its Articles of Association. The aim of the organisation is to open and maintain baby hospices for the public benefit and assistance of children aged from birth to five years, suffering from life-threatening or life-limiting conditions. The hospices provide palliative, respite and end-of-life care and support to all families who access our service. The hospices are known as Zoe's Places. The Charity is registered with the Care Quality Commission and as such is subject to regular inspections.

Governance/Management

The Board of Trustees is made up of people who have a particular skill or professional attribute which can benefit the Charity, to ensure the good governance of the charity and, to enable board meetings to be effective and make informed decisions. The enthusiasm and commitment of these people ensures that sound advice and information is brought to decisions affecting the future of the Charity. The names of the Trustees, who are also directors, are given on page 1.

The Board of Trustees administer the Charity and meet every 3 months, either face to face or electronically. There is a trading subsidiary Zoe's Place Trading Limited, which has a separate Board of Directors. The Trustees are responsible for decisions on capital projects, fundraising schemes, investment plans and the level of reserves.

The Trustees set the long term strategy for the organisation and the Senior Management Team (SMT) are responsible for the daily management of the Charity. There are 3 members of the SMT covering clinical services, fundraising and finance. This consists of Director of Clinical Services, Finance Director and the Executive Trustee. The SMT meet on a monthly basis discussing and reviewing clinical services, governance, audit, risk, and fundraising. In addition, the Executive Trustee meets each member of the SMT and Heads of Department, on a monthly basis to provide support and supervision. The SMT provide individual reports to each Trustee meeting and attend in person on a regular basis.

Recruitment of Trustees

As set out in the Articles of Association the Board of Trustees should consist of not less than 3 and no more than 9 members. Trustees will serve a minimum term of 3 years and with the unanimous consent of all the Trustees may put themselves forward for re-appointment. Nominations for the appointment of new Trustees can be made by any current Trustee and such nominations need the unanimous approval of the Board.. The Nominee, who usually would have some particular attribute which would benefit the Charity, would then be invited to attend one or more meetings as a guest before their acceptance as a new Trustee is confirmed.

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Zoe's Place Trust

Trustees' Report

All Trustees are subject to enhanced Disclosure and Barring Scheme checks and reference checks.

Trustee induction and training

New Trustees undergo an induction process to ensure they fully understand their legal obligations under charity and company law, the contents of our Articles of Association, decision-making process of the board, the strategic plan and recent performance of the charity. Briefing papers and familiarisation training is effected for all Trustees, as deemed necessary.

Officers

The Officers are those listed in the Reference and Administration page (Key Management Personnel).

Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. The Trustees regard the activities of the charity to fall within the definition of a charitable purpose relating to "the relief of those in need, by reason of youth, age, ill-health, disability, financial hardship or other disadvantage."

How the activities of Zoe's Place deliver public benefit

The main activities of the Charity and who it exists to help are described below. All of its charitable activities focus on the relief of illness and suffering and are undertaken to further its charitable purpose for the public benefit.

Zoe's Place provides palliative, respite and end of life care to babies and infants aged from birth-5 suffering from life-limiting and/or life-threatening conditions. These children will be cared for in a safe home from home environment known as Zoe's Place.

The Trustees Report incorporates the Strategic Report in accordance with the Charity Commission guidance. The Trustees when approving the Trustees Report are also signing to approve the Strategic Report.

Investment Powers and Restrictions

The Charity funds are controlled by the directors, who also act as trustees, who invest with a view to safely optimising annual investment income while maintaining capital growth in line with market trends.

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Zoe's Place Trust

Trustees' Report

The trustees can invest any sums or investments received by them in investments in which they are by law authorised to invest money (including trading subsidiaries), with power from time to time to change for others of a like nature.

Investment policy and performance

The Trustees receive on-going investment advice from an independent firm of Financial Advisors.

The performance of the Trust's investments are regularly reviewed, by the Adviser, against a benchmark of similar investments. The investments are held in line with our investment policy which sets out guidelines for risk and asset mix also ensuring there is an appropriate ethical balance. Following receipt of a £500,000 legacy in January 2024, the investment portfolio was increased by an additional £300,000. Professional advice from our Investment Adviser was sought and it was agreed that this should be invested in a low risk portfolio of funds. The remaining £200,000 has been placed in fixed term cash accounts providing a competitive rate of interest.

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Zoe's Place Trust for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the parent charitable company and the group and of the incoming resources and application of resources, including its income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the parent charitable company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the parent charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

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Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

Trustees' Report

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information ~~.~~ The trustees confirm that there is no relevant information that they Know of and of which they know the auditor is unaware ~~.~~

Reappointment of auditor

In accordance with section 485 of the Companies Act 2006, a resolution for the r ~~e-~~ appointment of Azets Audit Services as auditors of the charity is to be proposed at the forthcoming Annual General Meeting.

11 November 2025 The annual report was approved by the trustees of the charity on ................... and signed on its behalf by:

Signed by: vss ORORIBCASETBARE A Schofield 0°" Trustee

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Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

Independent Auditor's Report to the Members of Zoe's Place Trust

Opinion

We have audited the financial statements of Zoe's Place Trust (the ‘charitable parent company’) and its subsidiary (the ‘group') for the year ended 30 June 2025, which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP ~~-~~ FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and applicable law (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law ~~.~~ Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report ~~.~~ We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements ~~.~~ We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

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

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the 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, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact ~~.~~

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Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

Independent Auditor's Report to the Members of Zoe's Place Trust

We have nothing to report in this regard ~~.~~

Opinion on other matter prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and the parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Financial Statements and the Trustees' Report ~~.~~

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

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 18), the trustees 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 charity or to cease operations, or have no realistic alternative but to do so ~~.~~

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Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

Independent Auditor's Report to the Members of Zoe's Place Trust

Auditor’s responsibilities for the audit of the financial statements

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:

Because of the field in which the client operates, we identified the following areas as those most likely to have a material impact on the financial statements: Health and Safety; employment law (including the Working Time Directive); Care Quality Commission and compliance with the UK Companies Act and Charities Act ~~.~~

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK). For instance, the further removed non ~~-~~ compliance is from the events and transactions reflected in the financial statements, the less likely the auditor is to become aware of it or to recognise the non ~~-c~~ ompliance ~~.~~

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

22

Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

Independent Auditor's Report to the Members of Zoe's Place Trust

Use of our report

This report is made solely to the charitable parent company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group's trustees those matters we are required to state to them in an auditor's report and for no other purpose ~~.~~ To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable parent company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

veeeeeeesinSeeTTAQISELOFSBSigned by: Drow 26410... Simon Brown BA ACA DChA (Senior Statutory Auditor) For and on behalf of Azets Audit Services Chartered Accountants Statutory Auditor Bulman House Regent Centre Gosforth Newcastle upon Tyne NE3 3LS 12 November 2025 Datte?.......cceeeeeeeeeees

Azets Audit Services is a trading name of Azets Audit Services Limited.

23

Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

Consolidated Statement of Financial Activities for the Year Ended 30 June 2025

(Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Total|Total| |Unrestricted|Restricted|2025|2024| |Note|£|£|£|£| |Income|and|Endowments|from:| |Donations|and|legacies|3|2,998,320|1,347,756|4,346,076|2,657,536| |Charitable|activities|4|682,599|-|682,599|677,583| |Other|trading|activities|5|673,206|-|673,206|639,364| |Investment|income|6|29,604|-|29,604|25,278| |Other|income|7|481,421|-|481,421|24,695| |Total|Income|4,865,150|1,347,756|6,212,906|4,024,456| |Expenditure|on:| |Raising|funds|8|(1,361,046)|-|(1,361,046)|(1,418,047)| |Charitable|activities|9|(3,261,234)|(932,038)|(4,193,272)|(3,893,247)| |Total|Expenditure|(4,622,280)|(932,038)|(5,554,318)|(5,311,294)| |Gains/losses|on|investment| |assets|31,006|-|31,006|58,440| |Net|income/(expenditure)|273,876|415,718|689,594|(1,228,398)| |Transfers|between|funds|78,111|(78,111)|-|-| |Net|movement|in|funds|351,987|337,607|689,594|(1,228,398)| |Reconciliation|of funds| |Total|funds|brought|forward|2,451,649|825,303|3,276,952|4,505,350| |Total|funds|carried|forward|23|2,803,636|1,162,910|3,966,546|3,276,952|

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

All of the group's activities derive from continuing operations during the above two periods ~~.~~ The funds breakdown for 2024 is shown in note 23 ~~.~~

24

Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

(Registration number: 04446416) Consolidated Balance Sheet as at 30 June 2025

2025 2024
Note £ £
Fixed assets
Tangible assets 16 1,111,181 1,174,111
Investments 909,638 578,632
2,020,819 1,752,743
Current assets
Debtors 18 434,855 809,721
Cash at bank and in hand 19 2,424 402 1,916,685
2,859,257 2,726,406
Creditors: Amounts falling due within one year
20		 (913,530) (1,202,197)
Net current assets 1,945,727 1,524,209
Net assets
Funds ofthe group:		 3,966,546 3,276,952
Restricted income funds
Restricted funds 23 1,162,910 825,303
Unrestricted income funds
Unrestricted funds 2,803,636 2,451,649
Total funds 23 3,966,546 3,276,952

The financial statements on pages 24 to 53 were approved by the trustees, and authorised for issue on .11 November 2049 signed on their behalf by: Signed by: A Sch0 FalA CBCFOBCASB7é4F8... Schpeah- _ Trustee

25

Docusign Envelope ID: FEFCD863 ~~-2~~ 2F2 ~~-~~ 45B ~~1-~~ 923 ~~F~~ -D3COCD17FE02

Zoe's Place Trust

(Registration number: 04446416) Balance Sheet as at 30 June 2025

2025 2024
Note £ £
Fixed assets
Tangible assets 16 1,111,181 1,174,111
Investments 910,638 579,632
2,021,819 1,753,743
Current assets
Debtors 18 563,165 808,855
Cash at bank and in hand 19 2,271,465 1,867,655
2,834,630 2,676,510
Creditors: Amounts falling due within one year
20		 (913,530) (1,199,538)
Net current assets 1,921,100 1,476,972
Net assets
Funds ofthe charity:		 3,942,919 3,230,715
Restricted income funds
Restricted funds 23 1,162,910 825,303
Unrestricted income funds
Unrestricted funds 2,780,009 2,405,412
Total funds 23 3,942,919 3,230,715

The charity made a surplus after tax for the financial year of £712,204 (2024 Deficit ~~-~~ £1,227,217) ~~.~~

Theon "TTfinancialNovenberstat af? Sionednts ononpagestheir behalf24 to 53 by:were approved by the trustees, and authorised for issue coves pePiOBCFRBCASBIB4EBASigned Sdby: ahec ceeeees A Schofield Trustee

26

Zoe's Place Trust

Consolidated Statement of Cash Flows for the Year Ended 30 June 2025

Note
Cash flows from operating activities
Net cash income/(expenditure)
Adjustments to cash flows from non-cash items
Depreciation
8
Investment income
6
Revaluation of investments
Working capital adjustments
Decrease in stocks
Decrease in debtors
18
Decrease in creditors
20
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
6
Purchase of tangible fixed assets
16
Sale of tangible fixed assets
Purchase of investments
Net cash flows from investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 July
Cash and cash equivalents at 30 June		 2025
£
689,594
87,435
(29,604)
(31,006)
716,419
-
374,866
(288,667)
802,618
29,604
(58,176)
33,671
(300,000)
(294,901)
507,717
1,916,685
2,424,402		 2024
£
(1,228,398)
95,774
(25,278)
(58,440)
(1,216,342)
3,770
110,708
(130,486)
(1,232,350)
25,278
(96,702)
-
-
(71,424)
(1,303,774)
3,220,459
1,916,685

All of the cash flows are derived from continuing operations during the above two periods.

27

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

1 Charity status

The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.

The address of its registered office is: Upper Ground Floor, 15 Dormer Place, Leamington Spa, Warwickshire, CV32 5AA

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

Basis of preparation

Zoe's Place Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared in sterling which is the functional currency of the entity.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the charity and its subsidiary undertakings drawn up to 30 June 2025.

No statement of financial activities is presented for the charity as permitted by section 408 of the Companies Act 2006. The charity made a surplus after tax for the financial year of £712,204 (2024 - deficit ( £1,227,217))

28

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Going concern

The charity’s forecasts and projections for the next twelve months show that the charity should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance. The charity and its trading subsidiary have strong positive cash balances and is forecasting for this to continue to be the case. The trustees have stress tested their forecasts, taking into account various scenarios, and remain confident that the uncertainties do not cast significant doubt on the company’s ability to continue as a going concern.

Estimation uncertainty and judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported.

There are considered to be no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies which effect the amounts recognised in the financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Grants receivable

Grants are recognised when the group has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

In accordance with the SORP FRS102 (para 5.10) income from government grants cannot be accounted for under the ‘accruals method'. Therefore government grants are recognised as income when they are received, subject to performance conditions being met. Grant income from the NHS which is related to a financial year is recognised in line with the charity's financial year, with grant income accrued and deferred in line with this cycle.

29

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Gifts in kind

Gifts in kind are recognised in different ways dependent on how they are used by the charity:

(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised.

(ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.

(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them. In respect of those which are fixed assets, a fixed asset addition and income are recognised, otherwise income and expenditure is recognised.

Other trading activities

Income from commercial trading activities is recognised as earned (as the related goods and services are provided) and as rental and service charges fall due.

Investment income

Interest income is recognised on a receivable basis, when the amount can be measured reliably - this is normally upon notification of the interest paid or payable by the bank.

Charitable activities

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions is recognised as earned (as the related goods or services are provided). Grant income included in this category provides funding to support client service activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when related grants are received and the performance conditions relating to its entitlement are not met.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Other expenditure

Other expenditure represents those items not falling into any other heading.

30

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's (and the group's) activities. These costs, which have not been directly apportioned, have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in the support costs note.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’ meetings and reimbursed expenses.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grant will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the assets's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the assets's carrying amount.

Government grants included within other operating income includes the UK Government assistance provided through Coronavirus Job Retention Scheme during the Covid-19 pandemic.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold Property Straight line over 50 years on
buildings
Leasehold Property Improvements Straight line over 8 years
Motor Vehicles 25% reducing balance
Furniture and Equipment 20% straight line

Impairment of fixed assets

The carrying values of tangible fixed assets are reviewed for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

31

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Stock

Stock is valued at the lower of cost or net realisable value, after making allowance for any obsolete or slow moving items. Donated items of stock are recognised at fair value which is the amount the charitable company would have been willing to pay for the items on the open market.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the group.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The group supports personal pension plans taken out by employees. Contributions are charged to the income and expenditure account as they become payable.

32

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Financial instruments

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Agency Monies

From 7th October 2024 the charity acted as an agent for the newly created Liverpool based charity created to run the Liverpool Hospice. They collected funds of £3.93m and also donated £356k of donations received for Liverpool Building fund. Zoe’s Place Charity was allowed to keep £470k towards the abortive costs incurred. On 30th April 2025 the activities of our Liverpool Hospice were transferred to the new Charity and funds paid across.

3 Income from donations and legacies

Donations and legacies;
Donations
Legacies
Gift aid reclaimed
Grants, including capital grants;
NHS England Grant
Other income from donations and legacies
Donations and legacies;
Donations
Legacies
Gift aid reclaimed
Grants, including capital grants;
NHS England Grant
Grants and Trust income		 Unrestricted
funds
General
£
2,332,044
235,993
78,514
-
351,769
2,998,320
Unrestricted
funds
General
£
1,173,483
104,497
104,587
-
138,708
1,521,275		 Restricted
funds
£
691,756
-
-
656,000
-
1,347,756
Restricted
funds
£
107,709
-
-
640,784
387,768
1,136,261		 Total
2025
£
3,023,800
235,993
78,514
656,000
351,769
4,346,076
Total
2024
£
1,281,192
104,497
104,587
640,784
526,476
2,657,536

33

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

4 Income from charitable activities

Respite Care
GP Cover
Respite Care
GP Cover		 Unrestricted
funds
General
£
616,213
66,386
682,599
Unrestricted
funds
General
£
641,104
36,479
677,583		 Total
2025
£
616,213
66,386
682,599
Total
2024
£
641,104
36,479
677,583

5 Income from other trading activities

Appeals
Clothes Aid
Fundraising
Lottery
Appeals
Clothes Aid
SNAK appeal
Fundraising
Merchandise
Lottery
Clothes Recycling		 Unrestricted
funds
General
£
36,754
576,300
60,152
673,206
Unrestricted
funds
General
£
36,376
861
521,391
1,617
64,514
14,605
639,364		 Total
2025
£
36,754
576,300
60,152
673,206
Total
2024
£
36,376
861
521,391
1,617
64,514
14,605
639,364

34

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

6 Investment income

Other income from fixed asset investments
Other income from fixed asset investments
7
Other income
Work Placements
Other income
Work Placements
Other income		 Unrestricted
funds
General
£
29,604
29,604
Unrestricted
funds
General
£
25,278
25,278
Unrestricted
funds
General
£
10,967
470,454
481,421
Unrestricted
funds
General
£
12,513
12,182
24,695		 Total
2025
£
29,604
29,604
Total
2024
£
25,278
25,278
Total
2025
£
10,967
470,454
481,421
Total
2024
£
12,513
12,182
24,695

In the year the charity was compensated for the costs incurred in saving the Liverpool Hospice and the eventual transfer of funds collected on its behalf, whilst being set up as an independent charity. As part of the agreement reached with the new Liverpool charity, £470,454 was kept by Zoes Place Trust to cover some of the costs incurred during this period. The prior year was Insurance proceeds and a licencing agreement.

35

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

8 Expenditure on raising funds

a) Costs of trading activities

Employment costs
Fundraising cost of sales
Lease equipment
Premises costs
Repairs and maintenance
Travel and subsistence
Office costs
Professional fees
Training
Depreciation		 Unrestricted
funds
General
£
916,040
365,871
17,495
11,701
12,287
2,401
17,549
9,415
2,476
5,811
1,361,046		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
2025
£
916,040
365,871
17,495
11,701
12,287
2,401
17,549
9,415
2,476
5,811
1,361,046		 Total
2024
£
931,985
329,154
15,882
13,570
14,099
1,946
20,536
81,743
2,996
6,136
1,418,047

36

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

9 Expenditure on charitable activities

Hospice Care
Allocated support Costs
Governance Costs
Total for 2025
Total for 2024
Hospice Care
Governance costs
Hospice Care
Governance costs		 Unrestricted
funds
General
£
1,988,170
725,493
547,571
3,261,234
2,805,610
Activity
undertaken
directly
£
2,920,208
-
2,920,208
Activity
undertaken
directly
£
3,163,173
-
3,163,173		 Restricted
funds
£
932,038
-
-
932,038
1,087,637
Activity
support
costs
£
725,493
547,571
1,273,064
Activity
support
costs
£
547,026
183,048
730,074		 Total
funds
£
2,920,208
725,493
547,571
4,193,272
3,893,247
2025
£
3,645,701
547,571
4,193,272
2024
£
3,710,199
183,048
3,893,247

37

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

10 Analysis of governance and support costs
Support
costs
£
Employment Costs
543,874
HR
-
Legal fees
3,958
Audit fees
-
Care Quality
-
Professional fees
-
Travel and subsistence
19,099
Depreciation
9,048
Premises
10,531
Repairs and maintenance
40,974
Other office costs
93,742
Staff training
1,351
Hire of equipment
2,916
725,493		 Governance
costs
£
15,705
11,200
308,797
16,494
3,839
139,307
-
-
-
-
52,229
-
-
547,571		 Total
2025
£
559,579
11,200
312,755
16,494
3,839
139,307
19,099
9,048
10,531
40,974
145,971
1,351
2,916
1,273,064		 Total
2024
£
343,070
444
117,502
12,634
3,861
40,079
17,233
8,856
12,213
74,651
87,371
9,513
2,647
730,074

11 Net incoming/outgoing resources

Net incoming/(outgoing) resources for the year include:

Operating leases - other assets
Audit fees
Other non-audit services
Depreciation of fixed assets		 2025
£
43,138
16,150
5,250
87,435		 2024
£
264,700
14,950
3,375
95,774

12 Trustees remuneration and expenses

During the year the group made the following transactions with trustees:

J Stainsby

The trustee was reimbursed for travel expenses in the year of £5,220 (2024 - £5,112).

No trustees, nor any persons connected with them, have received any remuneration from the group during the year.

No trustees have received any other benefits from the charity during the year.

38

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

13 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs		 2025
£
3,197,363
320,216
137,905
3,655,484		 2024
£
3,325,186
318,325
155,815
3,799,326

The monthly average number of persons (including senior management team) employed by the group during the year was as follows:

Management
Fundraising
Nurses
Domestic		 2025
No
2
29
70
9
110		 2024
No
2
32
84
7
125

The number of employees whose emoluments fell within the following bands was:

£60,001 - £70,000
£70,001 - £80,000		 2025
No
2
-		 2024
No
-
1

The total employee benefits of the key management personnel of the group were £537,572 (2024 - £656,871).

14 Auditors' remuneration

14 Auditors' remuneration
Audit of the financial statements
Other fees to auditors
All other non-audit services		 2025
£
16,150
5,250		 2024
£
14,950
3,375

39

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

15 Taxation

The group is a registered charity and is therefore potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

16 Tangible fixed assets

Group and Charity

Cost
At 1 July 2024
Additions
Disposals
At 30 June 2025
Depreciation
At 1 July 2024
Charge for the year
Eliminated on disposals
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024		 Land and
buildings
£
2,004,725
-
(637,416)
1,367,309
1,130,336
21,233
(637,416)
514,153
853,156
874,389		 Furniture and
equipment
£
1,161,171
58,176
(342,753)
876,594
877,617
63,574
(314,740)
626,451
250,143
283,554		 Motor
vehicles
£
148,658
-
(59,658)
89,000
132,490
2,628
(54,000)
81,118
7,882
16,168		 Total
£
3,314,554
58,176
(1,039,827)
2,332,903
2,140,443
87,435
(1,006,156)
1,221,722
1,111,181
1,174,111

Included within the net book value of land and buildings above is £853,156 (2024 - £874,389) in respect of freehold land and buildings and £Nil (2024 - £Nil) in respect of leaseholds.

40

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

17 Fixed asset investments

Group
Other investments
Other investments
Cost or Valuation
At 1 July 2024
Additions
Revaluation
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024
The following shares included within other investments exceeded 5%
• Baillie Gifford Managed Acc - £124,227
• L&G Multi Index 6 Acc - £121,515
• Liontrust Sustainable Future - £115,121
• Royal London GMAP Adevnturous Acc - £119,163
• Vangaurd Life Strategy 80% Equity Acc- £126,209
• iShares US Equity Index (UK) Acc -U- £45,682
Charity
Shares in group undertakings and participating interests
Other investments		 2025
£
909,638
Listed
investments
and cash
£
578,632
300,000
31,006		 2024
£
578,632
of Total
£
578,632
300,000
31,006
909,638
909,638
578,632
of investments:
2024
£
1,000
578,632
909,638
909,638
578,632
the total value
2025
£
1,000
909,638
910,638
579,632

41

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Shares in group undertakings and participating interests

Cost
At 1 July 2024
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024
Other investments
Cost or Valuation
At 1 July 2024
Additions
Revaluation
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024		 Subsidiary
undertakings
£
1,000
1,000
1,000
1,000
Listed
investments
and cash
£
578,632
300,000
31,006
909,638
909,638
578,632		 Total
£
1,000
1,000
1,000
1,000
Total
£
578,632
300,000
31,006
909,638
909,638
578,632

42

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Details of undertakings

Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:

Country of Proportion of voting Proportion of voting Principal
Undertaking incorporation Holding rights and shares held activity
2025 2024
Subsidiary undertakings
The
Zoe's Place Trading
Limited		 England and
Wales		 Ordinary 100% 100% operation of
business
support
activities

The profit for the financial period of Zoe's Place Trading Limited was £24,076 (2024 - £46,684) and the aggregate amount of capital and reserves at the end of the period was £24,627 (2024 - £47,235).

18 Debtors

Trade debtors
Due from group undertakings
Prepayments and accrued
income
VAT recoverable
Other debtors		 Group
2025
£
2024
£
57,813
335,591
-
-
339,782
423,326
31,830
48,829
5,430
1,975
434,855
809,721		 Charity
2025
£
2024
£
57,730
325,040
130,915
9,033
335,449
418,993
33,641
53,814
5,430
1,975
563,165
808,855		 Charity
2025
£
2024
£
57,730
325,040
130,915
9,033
335,449
418,993
33,641
53,814
5,430
1,975
563,165
808,855
808,855

43

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

19 Cash and cash equivalents

Group
2025
£
2024
£
Cash on hand
1,679
2,410
Cash at bank
2,422,723
1,914,275
2,424,402
1,916,685
20 Creditors: amounts falling due within one year
Group
2025
£
2024
£
Trade creditors
144,442
173,103
Other taxation and social
security
47,387
73,560
Other creditors
96,045
60,288
Accruals and deferred income
625,656
895,246
913,530
1,202,197
Deferred income
Group and Charity
Deferred income at 1 July 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end		 Charity
2025
£
2024
£
1,679
2,410
2,269,786
1,865,245
2,271,465
1,867,655
Charity
2025
£
2024
£
144,442
173,104
47,387
73,560
96,045
60,288
625,656
892,586
913,530
1,199,538
2025
£
2024
£
832,330
954,817
588,601
832,330
(832,330)
(954,817)
588,601
832,330		 Charity
2025
£
2024
£
1,679
2,410
2,269,786
1,865,245
2,271,465
1,867,655
Charity
2025
£
2024
£
144,442
173,104
47,387
73,560
96,045
60,288
625,656
892,586
913,530
1,199,538
2025
£
2024
£
832,330
954,817
588,601
832,330
(832,330)
(954,817)
588,601
832,330
1,199,538
2024
£
954,817
832,330
(954,817)
832,330

Deferred income comprises event income and NHS respite care grant income.

44

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

21 Obligations under leases and hire purchase contracts

Operating lease commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

Land and buildings
Within one year
Between one and five years
After five years
Other
Within one year
Between one and five years		 Group
2025
£
2024
£
34,500
34,500
121,572
105,872
18,750
62,478
174,822
202,850
8,638
12,120
15,113
30,559
23,751
42,679		 Charity
2025
£
2024
£
34,500
34,500
121,572
105,872
18,750
62,478
174,822
202,850
8,638
12,120
15,113
30,559
23,751
42,679		 Charity
2025
£
2024
£
34,500
34,500
121,572
105,872
18,750
62,478
174,822
202,850
8,638
12,120
15,113
30,559
23,751
42,679
202,850
12,120
30,559
42,679

22 Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £137,905 (2024 - £155,815).

Contributions totalling £15,634 (2024 - £22,112) were payable to the scheme at the end of the year and are included in creditors.

45

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

23 Funds

Group
Unrestricted funds
General
General fund
Designated
Purchase of New Building
Total unrestricted funds
Restricted funds
Hospice Nurses - Coventry
Minibus - Coventry
Salaries - Coventry
Coventry Hospice Funds
Liverpool New Building Fundraising
Ancillary Funds - Coventry
Hospice Equipment - Coventry
Liverpool Hospice Funds
Therapy Fund - Coventry
Middlesbrough Building Fund
Hospice UK - Liverpool
Hospice Equipment - Liverpool
End of Life Room - Liverpool		 Balance at 1
July 2024
£
2,051,649
400,000
2,451,649
-
1,215
-
-
107,709
5,876
4,533
-
6,488
-
-
5,196
9,774		 Incoming
resources
£
4,865,150
-
4,865,150
178,000
-
3,333
22,750
-
-
-
27,406
-
500,000
160,000
-
-
46		 Resources
expended
£
(4,622,280)
-
(4,622,280)
(178,000)
(1,215)
(2,500)
(4,751)
(107,709)
-
-
(58,548)
-
-
(160,000)
-
-		 Transfers
£
(121,889)
200,000
78,111
-
-
-
(2,832)
-
(5,876)
(4,533)
31,142
(6,488)
-
-
(5,196)
(9,774)		 Other
recognised
gains/(losses)
£
31,006
-
31,006
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at 30
June 2025
£
2,203,636
600,000
2,803,636
-
-
833
15,167
-
-
-
-
-
500,000
-
-
-

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

GP Cover - Liverpool
Ancillary Funds - Liverpool
Therapy Fund - Liverpool
Salaries - Middlesbrough
Salaries - Liverpool
Middleborough Hospice Funds
Hospice Equipment - Middlesbrough
Technology Fund - Middlesbrough
Therapy Fund - Middlesbrough
Ancillary Funds - Middlesbrough
Hospice Nurses - Middlesbrough
Refurb Appeal - Middlesbrough
Bereavement Group Middlesbrough
Middlebrough Legacy
Total restricted funds
Total funds		 Balance at 1
July 2024
£
25,169
7,323
14,790
1,996
-
-
4,645
241
5,072
5,080
-
196
-
620,000
825,303
3,276,952		 Incoming
resources
£
27,359
-
23,250
18,337
10,834
38,487
-
-
-
-
318,000
-
20,000
-
1,347,756
6,212,906		 Resources
expended
£
(52,528)
-
-
(20,333)
(10,834)
(12,072)
-
-
-
-
(318,000)
-
(5,548)
-
(932,038)
(5,554,318)		 Transfers
£
-
(7,323)
(38,040)
-
-
(13,957)
(4,645)
(241)
(5,072)
(5,080)
-
(196)
-
-
(78,111)
-		 Other
recognised
gains/(losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
31,006		 Balance at 30
June 2025
£
-
-
-
-
-
12,458
-
-
-
-
-
-
14,452
620,000
1,162,910
3,966,546

47

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Unrestricted funds
General
General fund
Designated
Purchase of New Building
Total unrestricted funds
Restricted funds
Hospice Nurses - Coventry
Minibus - Coventry
GP Services - Coventry
Salaries - Coventry
Liverpool New Building Fundraising
Ancillary Funds - Coventry
Coventry-Hospice
Hospice Equipment - Coventry
Therapy Fund - Coventry
Hospice UK - Liverpool
Hospice Equipment - Liverpool
End of Life Room - Liverpool
GP Cover - Liverpool
Ancillary Funds - Liverpool
Therapy Fund - Liverpool
Salaries - Middlesbrough
Salaries - Liverpool		 Balance at 1
July 2023
£
3,028,981
700,000
3,728,981
-
3,052
2,625
5,000
-
4,980
-
5,052
3,824
-
6,806
9,599
23,400
8,051
23,916
5,000
15,000		 Incoming
resources
£
2,888,195
-
2,888,195
213,594
-
10,000
82,325
107,709
4,000
4,800
-
8,680
213,595
-
-
36,479
7,455
35,548
56,626
77,325		 Resources
expended
£
(4,223,657)
-
(4,223,657)
(213,594)
(1,837)
(12,625)
(87,330)
-
(3,104)
(4,800)
(519)
(6,016)
(213,595)
(1,610)
175
(34,710)
(8,183)
(44,674)
(59,630)
(92,630)		 Transfers
£
299,690
(300,000)
(310)
-
-
-
5
-
-
-
-
-
-
-
-
-
-
-
-
305		 Other
recognised
gains/(losses)
£
58,440
-
58,440
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at 30
June 2024
£
2,051,649
400,000
2,451,649
-
1,215
-
-
107,709
5,876
-
4,533
6,488
-
5,196
9,774
25,169
7,323
14,790
1,996
-

48

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Laundry & Kitchen Refurb - Middlesbrough
Hospice Equipment - Middlesbrough
Technology Fund - Middlesbrough
Therapy Fund - Middlesbrough
Ancillary Funds - Middlesbrough
Hospice Nurses - Middlesbrough
Refurb Appeal - Middlesbrough
Bereavement Group Middlesbrough
Middlebrough Legacy
Total restricted funds
Total funds		 Balance at 1
July 2023
£
2,715
10,143
1,249
8,381
9,534
-
8,042
-
620,000
776,369
4,505,350		 Incoming
resources
£
-
7,080
-
5,160
2,290
213,595
-
50,000
-
1,136,261
4,024,456		 Resources
expended
£
(2,715)
(12,578)
(1,008)
(8,469)
(6,744)
(213,595)
(7,846)
(50,000)
-
(1,087,637)
(5,311,294)		 Transfers
£
-
-
-
-
-
-
-
-
-
310
-		 Other
recognised
gains/(losses)
£
-
-
-
-
-
-
-
-
-
-
58,440		 Balance at 30
June 2024
£
-
4,645
241
5,072
5,080
-
196
-
620,000
825,303
3,276,952

49

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

The specific purposes for which the funds are to be applied are as follows:

New building Fund - The trustees have set aside £600,000 to be utilised for a building for the Middlesbrough Hospice

New Building Fundraising- This was amounts raised towards the relocation of Liverpool Hospice, and costs incurred

Hospice Nurses - NHS Grant to pay the nurses salaries.

Minibus Coventry - This fund was established following the donations received from the Lord Taverners towards a Mini Bus. As in accordance with offer the vehicle is a restricted asset from 2014 for 5 years, so the annual deprecation will be off set against this fund.

Therapy Fund - Coventry - Grants received for the provision of Hydrotherapy, Music Therapy, Animal Therapy, Rebound Therapy and swimming for the children.

Hospice Equipment - Coventry - This fund was established from donations and grants given for the specific purpose of providing hospice equipment for the Coventry hospice. For capital items purchased the fund is released to unrestricted funds as the restrictions have then been met, other expenditure is released director to the SOFA.

Ancillary Funds - Coventry - Donations and grants received for children and their siblings for outings, events and special occasions.

Salaries - Coventry - Grants received to fund clinical staff salaries.

Hospice Equipment - Liverpool - This fund is for donations and grants which have been received for the purpose of providing equipment for use in the hospice. For capital items purchased the fund is released to unrestricted funds as the restrictions have then been met, other expenditure is released direct to the SOFA.

Salaries - Liverpool - Grants received to fund clinical staff salaries.

Ancillary Funds - Liverpool - Donations and grants received for Children's outings, special occasions and events.

50

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

Refurb Appeal - Middlesbrough - Fund set up for donations for future refurbishment and project works in hospice.

Therapy Fund - Middlesbrough - Grants received for the provision of physiotherapy, hydrotherapy and Bereavement services.

Technology Fund - Middlesbrough - Funds received to upgrade and maintain information technology.

Hospice Equipment - Middlesbrough - Grants and donations received specifically to purchase hospice equipment.

Salaries - Middlesbrough - Grants received to fund clinical staff salaries.

Ancillary Funds - Middlesbrough - Donations and grants received to fund Children and their siblings for outings, events and special occasions.

Laundry & Kitchen Refurb - Middlesbrough - Funding for complete refurbishment of the hospice laundry and kitchen facilities.

24 Analysis of net assets between funds

Group

Unrestricted

Tangible fixed assets
Fixed asset investments
Net current assets/(liabilities)
Total net assets
Tangible fixed assets
Fixed asset investments
Net current assets/(liabilities)
Total net assets		 General
£
Designated
£
1,111,181
-
609,638
300,000
482,817
300,000
2,203,636
600,000
Unrestricted
General
£
Designated
£
1,174,111
-
578,632
-
298,906
400,000
2,051,649
400,000		 Restricted
£
-
-
1,162,910
1,162,910
Restricted
£
-
-
825,303
825,303		 Total funds
at 30 June
2024
£
1,111,181
909,638
1,945,727
3,966,546
Total funds
at 30 June
2024
£
1,174,111
578,632
1,524,209
3,276,952

51

Zoe's Place Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

25 Analysis of net funds

Group

Group
Cash at bank and in hand
Net funds		 At 1 July
2024
£
1,916,685
1,916,685		 Financing
cash flows
£
507,717
507,717		 At 30 June
2025
£
2,424,402
2,424,402

26 Related party transactions

Group

During the year the group made the following related party transactions:

J Stainsby

(Trustee)

The Trust reimbursed J Stainsby for travel expenses in the year of £5,220 (2024 - £5,112).

At the balance sheet date the amount due J Stainsby was £Nil (2024 - £Nil).

Zoe's Place Trading Limited

(Subsidary)

During the year, the charity made sales relating to management fees of £1,200 (2024 - £1,200), licensing fees of £5,348 (2024 - £5,348) and received a gift aid distribution of £46,684 (2024 - £47,784). The charity also made purchases relating to fundraising expenses of £93,235 (2024 - £Nil)..

At the balance sheet date the amount due from Zoe's Place Trading Limited was £130,915 (2024 - £9,033).

52

Zoe's Place Trust

Comparative Consolidated Statement of Financial Activities for the Year Ended 30 June 2024 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Other income
7
Total income
Expenditure on:
Raising funds
8
Charitable activities
9
Total expenditure
Gains/losses on investment assets
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
23		 Unrestricted
£
1,521,275
677,583
639,364
25,278
24,695
2,888,195
(1,418,047)
(2,805,610)
(4,223,657)
58,440
(1,277,022)
(310)
(1,277,332)
3,728,981
2,451,649		 Restricted
£
1,136,261
-
-
-
-
1,136,261
-
(1,087,637)
(1,087,637)
-
48,624
310
48,934
776,369
825,303		 Total
2024
£
2,657,536
677,583
639,364
25,278
24,695
4,024,456
(1,418,047)
(3,893,247)
(5,311,294)
58,440
(1,228,398)
-
(1,228,398)
4,505,350
3,276,952

53