REGISTERED COMPANY NUMBER: 04361870 (England and Wales) REGISTERED CHARITY NUMBER: 1093100
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
FOR
LOUTH & DISTRICT HOSPICE LIMITED
Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB
LOUTH & DISTRICT HOSPICE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
LOUTH & DISTRICT HOSPICE LIMITED
REPORT OF THE TRUSTEES FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 29 September 2023 to 27 September 2024. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES Objectives and aims
The charity's objects as stated in its governing documents are:
To relieve those persons in the Louth and District area without limitations race, gender, disability, age, class or beliefs who are suffering from a life-threatening or terminal illness by the provision of such services otherwise not provided by the Local Health Authority; and to relieve the stresses experienced by the families, carers and friends in their caring for such persons.
The policy adopted in furtherance of these objectives is that of sound financial management to ensure the availability of the necessary funds to enable the charity to continue its development.
We aim to support specialised care for patients with severe and progressive diseases.
Our commitment is to improve the quality of life of patients whilst extending care and support to their relatives.
Our mission is to work in collaboration with healthcare partners to develop, influence and provide flexible specialist services that meets the needs of people with life-threatening illnesses. Our services will be shaped in response to changing demands and based on the best available evidence.
Our vision is that all adults in our local community living with life-limiting illnesses will have access to the best possible palliative care that is appropriate to their needs.
Significant activities
As palliative care is now supported in the Louth area by St Barnabas (based in Lincoln) and St Andrews (based in Grimsby) the charity is looking to wind up its activities and to distribute its remaining funds to other hospice and palliative care charities in this area. To this end the trustees are looking at the best use that can be made of its funds.
Public benefit
The Trustees confirm that they have consulted the guidance issued by the Charity Commission in connection with public benefit and have applied that guidance in looking at both the activities which the charity currently undertakes, and any future activities which the charity might wish to carry out in accordance with its objectives.
Grantmaking
The charity does not as a rule make grants but it would support the further training of health care professionals in palliative care if required and the Trustees were satisfied that that training would be used in the area of benefit.
Volunteers
The charity now has no volunteers other than the trustees since the office and shop were closed.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Louth and District Hospice is a community service for the Louth area providing facilities for free care and support to people affected by life-limiting illnesses with complex needs. The holistic care offered covers physical, psychological, social and spiritual needs.
Throughout the year we have maintained the values which are the essence of our care.
The charity ceased its fund raising activities during the year ended 28 September 2023.
Fundraising activities
Donations and legacies for the year were £449 ( 2023 £12,027). There were no fundraising events during this or the prior year..
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LOUTH & DISTRICT HOSPICE LIMITED
REPORT OF THE TRUSTEES FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
ACHIEVEMENT AND PERFORMANCE
Internal and external factors
The charity no longer has any unpaid staff or volunteers.
FINANCIAL REVIEW
Financial position
Overall the charity has had a net surplus in the year of £26,445 (2023 it had a net surplus of £16,395)
Principal funding sources
Louth and District Hospice is only able to provide its services thanks to local fundraising, donations and legacies. We remain conscious of the fluctuating nature of such income and therefore continue to invest in active management and marketing in this area.
Reserves policy
The Board had reviewed its reserves policy and has agreed that unrestricted reserves should be a minimum of 12 months future net charitable expenditure as budgeted for the ensuing financial year. Based on the year under review, this would be approximately £24,000 when excluding one-off items. The reserves policy is significantly influenced by the dependency on legacies and donations, together with fundraising and events income which by their very nature are volatile, as well as by the desire to maintain continuity of care.
The Board reviews the investment policy and to date the charity has not appointed investment managers to manage its funds.
Decisions regarding other investments, such as property, are made by the Board as a whole after having taken advice from professional advisors.
FUTURE PLANS
The trustees are considering the winding up of the charity once they can find a suitable hospice provider to continue providing palliative care facilities and services in the East Lindsey area.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is constituted as a company limited by guarantee and is controlled by its Memorandum and Articles of Association.
Recruitment and appointment of new trustees
At present, the Board as a whole leads the process of Trustee appointments, recruiting new Trustees based on an evaluation of the balance of diverse skills and experience needed to govern the hospice and its activities. The current Trustees would like to augment the number of Trustees with suitably qualified individuals.
Trustees are listed in the accounts. In line with past practice, all Trustees offer themselves for re-election at the forthcoming Annual General Meeting. New Trustees are co-opted by the Board and their appointment confirmed by the members at the Annual General Meeting.
Organisational structure
The Board is ultimately responsible for major management and policy decisions.
The Board of Trustees is made up of unpaid volunteers who play a vital role in the continued smooth running of the Charity.
Induction and training of new trustees
An induction programme is offered to all new Trustees to ensure that they are aware of the Charity's objectives, strategies and activities, and their responsibilities as Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04361870 (England and Wales)
Registered Charity number
1093100
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LOUTH & DISTRICT HOSPICE LIMITED
REPORT OF THE TRUSTEES FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
Registered office
9 Cornmarket LOUTH Lincolnshire LN11 9PY
Trustees
D R Crombleholme Mrs D A Stephenson H J Waumsley
Company Secretary
D R Crombleholme
Independent Examiner
Mr D Johnson Dexter & Sharpe (Louth) Chartered Certified Accountants 1 Eastgate Louth Lincolnshire LN11 9NB
Solicitors
Bridge McFarland LLP 9 Cornmarket Louth Lincolnshire LN11 9PY
Approved by order of the board of trustees on 10 July 2025 and signed on its behalf by:
D R Crombleholme - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOUTH & DISTRICT HOSPICE LIMITED
Independent examiner's report to the trustees of Louth & District Hospice Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the period 29 September 2023 to 27 September 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr D Johnson
Dexter & Sharpe (Louth) Chartered Certified Accountants
1 Eastgate Louth Lincolnshire LN11 9NB
11 July 2025
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LOUTH & DISTRICT HOSPICE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 449 Investment income 2 28,499 Total 28,948 EXPENDITURE ON Raising funds 795 Charitable activities Other 1,708 Hospice project - Total 2,503 NET INCOME 26,445 RECONCILIATION OF FUNDS Total funds brought forward 384,320 TOTAL FUNDS CARRIED FORWARD 410,765 |
Restricted funds £ - - - - - - - - 10,000 10,000 |
Period Period 29.9.23 30.9.22 to to 27.9.24 28.9.23 Total Total funds funds £ £ 449 12,027 28,499 9,113 28,948 21,140 795 1,434 1,708 1,207 - 2,104 2,503 4,745 26,445 16,395 394,320 377,925 420,765 394,320 |
Period Period 29.9.23 30.9.22 to to 27.9.24 28.9.23 Total Total funds funds £ £ 449 12,027 28,499 9,113 28,948 21,140 795 1,434 1,708 1,207 - 2,104 2,503 4,745 26,445 16,395 394,320 377,925 420,765 394,320 |
|---|---|---|---|
| 21,140 | |||
| 1,434 1,207 2,104 |
|||
| 4,745 | |||
| 16,395 377,925 |
|||
| 394,320 |
The notes form part of these financial statements
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LOUTH & DISTRICT HOSPICE LIMITED
BALANCE SHEET 27 SEPTEMBER 2024
| Unrestricted funds Notes £ CURRENT ASSETS Investments 5 247,969 Cash at bank 165,736 413,705 CREDITORS Amounts falling due within one year 6 (2,940) NET CURRENT ASSETS 410,765 TOTAL ASSETS LESS CURRENT LIABILITIES 410,765 NET ASSETS 410,765 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 10,000 10,000 - 10,000 10,000 10,000 |
2024 Total funds £ 247,969 175,736 423,705 (2,940) 420,765 420,765 420,765 410,765 10,000 420,765 |
2023 Total funds £ 220,795 174,965 395,760 (1,440) 394,320 394,320 394,320 384,320 10,000 394,320 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 September 2024.
The members have not required the company to obtain an audit of its financial statements for the period ended 27 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 10 July 2025 and were signed on its behalf by:
D R Crombleholme - Trustee
The notes form part of these financial statements
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LOUTH & DISTRICT HOSPICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except in so far as they are incapable of financial measurement.
Assets given for use by the charity are recognised as incoming resources for the year with the equivalent expenditure included in charitable expenditure. Where the donor intends the assets to be used on a continuing basis the expenditure has been treated as a fixed asset.
Gifts in kind are included at their estimated value. No amounts are included in the financial statements for services donated by volunteers.
Grants are included in income when they are receivable. Grants are considered to be receivable when there is evidence of entitlement, for example when the grant is formally expressed in writing and there are no conditions attached.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investment
The amount invested is through St James' Place and is a management accumulative investment.
continued...
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LOUTH & DISTRICT HOSPICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| Period | Period | |
| 29.9.23 | 30.9.22 | |
| to | to | |
| 27.9.24 | 28.9.23 | |
| £ | £ | |
| Deposit account interest | 1,325 | 561 |
| Curr asset inv income | 27,174 | 8,552 |
| 28,499 | 9,113 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Period | Period | |
|---|---|---|
| 29.9.23 | 30.9.22 | |
| to | to | |
| 27.9.24 | 28.9.23 | |
| £ | £ | |
| Other operating leases | - | 3,000 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 27 September 2024 nor for the period ended 28 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the period ended 27 September 2024 nor for the period ended 28 September 2023.
5. CURRENT ASSET INVESTMENTS
| Other | 2024 £ 247,969 |
2023 £ 220,795 |
|---|---|---|
continued...
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LOUTH & DISTRICT HOSPICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Research Fund (see note below) TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Research Fund (see note below) TOTAL FUNDS |
2024 2023 £ £ 1,500 - 1,440 1,440 2,940 1,440 Net At movement At 29.9.23 in funds 27.9.24 £ £ £ 384,320 26,445 410,765 10,000 - 10,000 394,320 26,445 420,765 Incoming Resources Movement resources expended in funds £ £ £ 28,948 (2,503) 26,445 28,948 (2,503) 26,445 Net At movement At 30.9.22 in funds 28.9.23 £ £ £ 367,925 16,395 384,320 10,000 - 10,000 377,925 16,395 394,320 |
|---|---|
7. MOVEMENT IN FUNDS
continued...
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LOUTH & DISTRICT HOSPICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 21,140 | (4,745) | 16,395 |
| TOTAL FUNDS | 21,140 | (4,745) | 16,395 |
Research
Group Captain Dainty stipulated that £10,000 of his legacy be applied for research.
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the period ended 27 September 2024.
9. CONSTITUTION
The company is limited by guarantee and as such does not have share capital. Members subscribe on an annual basis to the company, their liability is limited to £1.
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LOUTH & DISTRICT HOSPICE LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 29 SEPTEMBER 2023 TO 27 SEPTEMBER 2024
| Period | Period | Period | Period | |
|---|---|---|---|---|
| 29.9.23 | 30.9.22 | |||
| to | to | |||
| 27.9.24 | 28.9.23 | |||
| £ | £ | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations and gifts | 449 | 12,027 | ||
| Investment income | ||||
| Deposit account interest | 1,325 | 561 | ||
| Curr asset inv income | 27,174 | 8,552 | ||
| 28,499 | 9,113 | |||
| Total incoming resources | 28,948 | 21,140 | ||
| EXPENDITURE | ||||
| Other trading activities | ||||
| Other operating leases | - | 1,000 | ||
| Rates and water | 445 | - | ||
| Light and heat | - | (110) | ||
| Repairs and renewals | - | 38 | ||
| Telephone | 350 | 506 | ||
| 795 | 1,434 | |||
| Support costs | ||||
| Management | ||||
| IT Support | - | 97 | ||
| Finance | ||||
| Bank charges | 208 | 104 | ||
| Other | ||||
| Other operating leases | - | 2,000 | ||
| Governance costs | ||||
| Accountancy and legal fees | 1,500 | 1,110 | ||
| Total resources expended | 2,503 | 4,745 | ||
| Net income | 26,445 | 16,395 |
This page does not form part of the statutory financial statements
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