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2024-03-31-accounts

Charity registration number 1095708

Company registration number 04609579 (England and Wales)

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs S Black
Mr D Claxton
Mr M K Clementson
Mr K Coulthard
Mrs MA
Drury
Dr H A Dunning
Mrs M Gray
Mrs JS Lamb
ProfS Reveley
Mrs D J Shearer
Rev D CWood
Chief Executive Officer Mrs D McKenna
Secretary Mrs L Robinson
Charity number 1095708
Company number 04609579
Registered office Valley Court
Barras Lane
Dalston
Carlisle
CAS 7NY
Auditor Saint& Co.
Sterling House
Wavell Drive
Rosehill
Carlisle
CA1 2SA
Bankers Lloyds Bank plc
5-6 King Street
Penrith
CA11 7AP
Solicitors Cartmell Shepherd Solicitors
Cartmell Shepherd ;
BishopYards
Penrith
Cumbria
CA11 7XS
Investment advisors Arc Eden Limited
ic Wavell Drive
Rosehill
Carlisle
CAi2ST

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

CONTENTS

Page
Trustees' report 1-8
Independent auditor's report 9-12
Statement of financial activities 13-14
Statement offinancial position 15
Statement of cash flows 16
Notestothefinancialstatements 17-33

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set aut in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

Objectives and aims

As stated in the charity's Articles of Association, the Charity's objects are restricted specifically, [in each case] only for the public benefit to relieve the suffering of, and provide palliative and supportive care to persons suffering from a terminal illness or from any other physical or mental infirmity, disability or disease by the establishment and provision of domiciliary and supportive care, day care, residential! care and in such other ways as the trustees shall from time to time think fit.

The charity provides clinical services in patients' homes, specifically palliative and end of life nursing care, bereavement, and family support, lymphoedema management, occupational and complementary therapies.

This provision is achieved by providing specially trained clinicians who complement the services provided by District Nurses, General Practitioners and Macmillan Nurses, thus making the "staying at home" option a realistic one. Services are open to all palliative and end of life patients regardless of their age, address (within our clinical boundaries), end-stage illness or financial circumstances. The service Is free to the patients and their families.

The charity delivers its objects by:

Strategies for achieving aims and objectives

Palliative Care Development

Palliative care is defined by the World Health Organisation as an approach that improves the quality of life of patients and their families who are facing problems associated with life-limiting illness, usually progressive. It prevents and relieves suffering through the early identification, correct assessment and treatment of pain and other problems whether physical, psychosocial and spiritual.

Palliative care also helps those receiving care, families and carers deal with emotional, spiritual or practical issues arising from the illness. Peaple of all ages can benefit from palliative care at all stages of their illness.

End-of-Life (EoL) care

People who are likely to die within the next twelve months are “approaching the end of life". This also considers people whose death is likely to be imminent in the next few days or hours. The General Medical Council defines people approaching the end of life as being those with:

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

Significant activities and achievements against objectives

The annual business plan which supports the 3 year strategy (April Ist 2021 to March 31st 2024) set out the intentions for the organisation and the following outlines some of the achievements this financial year.

At the Annual General Meeting (AGM) in October 2023 we celebrated our long serving employees and acknowledged the many volunteers who have served the charity for many years, it was lovely to see so many of them attend. It was heartwarming to hear the stories about our staffs’ journeys in their professional careers and we value having such a committed, compassionate and caring team.

This year has seen the growth of our day and night nursing service, which has enabled us to deliver more care hours than the previous year, 22-23 was equivalent to 374 days and 23-24 was equivalent to 492 days. We have also increased hours in our bereavement service and there has been successful development of support groups in the community. All our other services have continued with service improvements and the delivery of excellent care.

Hospice at Home is committed to staff development: in our finance team, we have had success with 3 staff completing their AAT (The Association of Accounting Technicians) qualifications to level 2 and 3. We also have student councillors in the bereavernent team and a healthcare assistant completing her trainee nurse associate role; new modules have been added to staff mandatory training and external tralning for our fundraising and marketing department.

It has been an exciting year for our retail team, the success of the Brampton bookshop has led to the expansion of a novel gift shop next door, the feedback from both volunteers and the public has been very encouraging and is well supported. These innovative developments are helping to navigate a challenging time for charity retail where nationally there has been a 30% decrease in income along with rising expenditure.

We have been fortunate to be awarded the support of Pilot Light 360 which is a charity that enhances other charities by partnering them with support from individuals with relevant expertise. This initiative will ensure our continuous improvement in the quality and support our strategic development, ensuring we use our donations to the maximum. This is at the forefront of our minds as we navigate through very challenging financial times.

We continue to engage with partners in the newly formed Integrated Care Board and Place and with both Local Authorities in our geographical area, Cumberland and Westmorland and Furness Councils with a view to improve the response and care provided for our focal community.

In June we engaged with Carlisle College’s very first “Give a Day - Apprentice Take Over Day 2023”. The college offered to support three charities for the day including our Court Yard Garden. Apprentices give their time and work to improve the space with our corporate fundraiser working with local businesses to support resources for the project.

Our garden is normally maintained by staff (in their own time) and our wonderful volunteers. However, following a harsh winter and the knock on effects of being untouched during the pandemic we have found ourselves in need of some extra help. There are so many mental wellness benefits associated with being outdoors, such as relieving stress and anxiety and we are extremely grateful to “Give a Day - Apprentice Take Over” for lending a hand and transforming our outdoor space.

Re-vamp of the Courtyard Garden will enable our bereavement support team to return to use the natural space outside which can have a significant impact on individual's mental health, helping to reduce stress, anxiety and depression, thus improving general psychological well-being. Our staff members’ well-being is equally important and the space will also be utilised by all Hospice at Home team members.

The hospices in North Cumbria identified the need to improve connections with members of our community who don't have English as a 1st language. We are aware that there are communities who don't know about, and therefore don's access our services. Hospice at Home Carlisle and North Lakeland, Eden Valley Hospice and Jigsaw Cumbria's Children's Hospice and Hospice at Home West Cumbria have worked together to consider how we can collaboratively develop those improved relationships and promote better understanding. A successful bid for one-off funding from NHS England has facilitated work around this, including the attendance at the Culture Bazaar 2023 and installation of the ReciteMe tool on our website.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

This year our website has been updated to reflect our clinical offer, increasing our profile with the public and encouraging people to self-refer as most referrals continue to come from health professionals.

We welcome new Befrienders to our team who offer support to local people for many different reasons enabling them to reach agreed set goals.

We also welcome the opportunity to jointly lead the local End-of-Life Care partnership, which is being chaired by three hospice organisations with the aim of developing a strategy and delivery plan to improve care locally.

Continued improvement is something Hospice at Home values and this year we commissioned a Healthwatch 360 review involving service users, partners, staff and the public. The feedback report and recommendations will lead to the development of an action plan for us to work with in the coming year.

We are extremely grateful for all support received which comes in many forms and includes our business partners who have increased from 47 to 51 during this last year. We aim to build on these partnerships in the coming year.

Apogee EddieWannop Ltd More Handles Limited
Appleby Creamery Ltd Eden Housing Association Nilfisk Limited
Arc Eden Ltd George Hudson North Lakes Glass Ltd
Armstrong Watson LLP Hather Financial Services Orton Grange Café & Gifts
Atkinsons Building Contractors integrity Office Ltd PeterTyson
Burbush of Penrith Jill Glencross Independent Funeral Directors Pioneer Foods Ltd
Burnetts Solicitors John Norris ofPenrith Richardson Funeral Directors
Carigiet Cowen Ltd John Richardson&Son Ltd Story Homes Ltd
Carlisle Racecourse Lakes Estates Tech 4 Office Equipment
Carlisle Refrigeration Limited Larch Cottage Nurseries TheToffeeShop
Carlisle United Football Club Lease Your New Car Thomas Graham & Sons Ltd
Cartmell Shepherd Limited Limited Genevieve Trade Copiers
Cranstons Ltd Lloyd Jaguar Land Rover Ullswater Steamer
Cubby Construction Limited Logic Business Systems Ltd Used Cars4 Less
Cumberland BuildingSociety Lowther Castle& Gardens Waitings Ltd
David Allen McKnight&Son Builders Ltd WmArmstrong (Longtown) Ltd
Dodd&Co McVitiesGroup

Our marketing and Communication team will continue to raise the profile of the charity and look for new opportunities such as the use of QR codes for donations. The use of our website and social media provides information with regards to the valuable clinical work we provide and also market events. The website also provides an opportunity for service user feedback which supports improving the quality of the care we give and we aim to actively seek more feedback in the coming year from several different avenues.

Fundraising performance

The charity is registered with the Fundraising regulator, the voluntary independent regulator of charitable fundraising in the UK. Hospice at Home follows their code of practice which ensures that fundraising is respectful, open, honest and accountable to the public. The charity will continue to adhere to all regulations governing fundraising and follow any best practice guidelines that are issued to ensure positive relations are maintained with the generous local people who support us.

The fundraising department always aims for the highest standards in fundraising and organise an annual plan which aims to meet the expenditure requirements within the financial plan.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

The accounts show net surplus for the year of £242,806 before taking into account the gain on investment. After accounting for the gain on investment in the year, the net movement in funds was a surplus of £345,615. The results for the previous year showed a deficit of £94,708 and after the loss on the investment the deficit was £159,022.

Income levels increased in the current year and this included increased income in legacies. The legacy income received in the year amounted to £860,063 (2023: £274,122) Expenditure levels were higher in the year ended 31 March 2024 than the previous year with costs being closely monitored. Without this level of legacy income the charity would have generated a loss for the year.

Reserves policy

As at 31 March 2024, the charity held total reserves of £3,334,809 which included restricted funds of £3,476 and unrestricted funds of £3,331,333.

The unrestricted fund includes fixed assets of £12,081 leaving free reserves of £3,319,252.

The Trustees have determined free reserves should be at least equivalent to the greater of 6 months budgeted costs or the potential close down costs. This has been calculated to be almost £1,038,000. An equivalent sum should be kept in cash reserves separate from other funds and reviewed annually once a new budget has been approved by the Trustees at the accounting date. Reserves exceeded this criteria at the year end however there is expenditure budgeted for the next year as part of the development strategy of the charity which will reduce the reserves. Funds required for the day to day running costs, based on the annual budget, should be kept in the company's bank current account and any instant access account with an institution governed by the financial services compensation scheme (F.S.C.S).

Any other funds not required for the day to day running costs are to be invested in individual UK based institutions covered by the FS.C.S. or into funds managed on an advisory basis by Arc Eden. The criteria we use to invest in are medium risk investments. There was a gain on the investments in the year ended 31 March 2024 of £102,809 (2023: loss of £64,314). Transfers out of managed funds can be made by the Finance and Income Generation Committee but further investments into managed funds are by recommendation of the Finance and Income Generation Committee to the Board.

Principal funding sources

The Charity received financial support from the Clinical Commissioning Group (CCG) devolved from the NHS in the year. This contribution to costs gives confidence against a background of the very welcome voluntary support. The charity is profoundly grateful to all in the community for the excellent support received.

Another form of funding are legacies which the charity receives from supporters, although this source of income is not guaranteed.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Major risks

The Trustees have assessed the major risks to which the Company is exposed, including in particular those related to the operations and finance of the Company. This is done through a Corporate Risk Register on a bi-monthly basis. Trustees are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk.

Cash flow risk

The charity's activities expose it primarily to the financial risks of changes in interest rates.

Credit risk

The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term cash deposits.

Plans for future periods

Over the coming year we aim for the charities continued growth both clinically and in fundraising, exploring new opportunities whilst also being mindful of the existing financial pressures on the UK health system and the impact cost efficiencies place on it.

The development for existing volunteers, our appreciation of and plans to attract new volunteers is one of our commitments next year.

Encouraging feedback and service improvement will be explored through the start of our Lived Experience Forum,

Expanding retail with an enhanced team approach.

We aim, now that we have grown our day and night nursing team, to increase the referrals into the service and promote our services with system partners. Our complementary therapy, occupational therapy and lymphoedema services all have new members in the team which will strengthen the services and offer the development of new opportunities.

For the coming year we will be developing our next strategy and business plan in consultation internally and externally and strengthening our infrastructure.

Structure, governance and management

Nature of governing document The Company is constituted under a Memorandum of Association dated 1 April 2003 and is a registered charity, number 1095708. The principle object of the Company is to provide palliative and supportive care to persons suffering from any terminal illness in their own home.

The Directors of the Company are also Charity Trustees for the purpose of Charity Law and in the Company's Articles of Association are described as Trustees.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES’ REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The trustees who served during the year were:

Mrs S Black

Mr D Claxton Mr M K Clementson Mr K Coulthard Mrs MA Drury Dr HA Dunning Mrs M Gray Mrs JS Lamb Prof S Reveley Mrs D J Shearer Rev D C Wood

Recruitment and appointment of trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. The maximum number of Trustees is 15 and the minimum is 3. At each annual general meeting one third of the Trustees for the time being or, if their number is not 3 or a multiple of 3, then the number nearest one third, shall retire from office. The Trustees to retire are those who have been longest in office since their last election.

A review of the Trustees’ skills is carried out regularly and wherea skill is not represented on the Board potential appointees are either approached to offer themselves for election or advertisements are placed in local newspapers and on the Charity website.

Decisions regarding the management of the Charity are taken at Board meetings which are held every 2 months. There are 4 sub-groups which report to the Board and these are Clinical Assurance, Workforce, Health & Safety and Finance and Income Generation.

The Company Secretary and Chief Executive Officer attend Board meetings but neither has a vote. The Chief Executive Officer takes overall responsibility for leadership of the Charity.

Hospice at Home is delighted to welcome a new chair of the board of trustees, Professor Shirley Reveley, Emeritus Professor of Nursing, The Open University and Honorary Fellow/ Visiting Research. Shirley has been involved with our charity since 2014 and been a trustee for the last 3 years, Shirley brings extensive experience in teaching health care professionals, research and development in advanced nursing practice and management experience. Shirley also has experience of being a board member for other organisations and been a non-executive member on several boards. Shirley is committed to the continued success of the charity and effectively leading the Board.

induction and training of trustees

New Trustees attend a briefing session with the Chair and other officers which covers the aims of the Charity, Trustees’ duties, the Charity constitution and financial position. It is enhanced by an induction manual produced by Hospice UK. Trustees attend training events as required and support can be accessed via Cumbria Council for Voluntary Services.

Arrangements for setting key management personnel remuneration

The policy for care staff is based on the remuneration of similar employees in the NHS using pre 18-19 NHS pay scales and inflated with costs of living increases. The policy for fundraising, office and administration staff is based on National Joint Council pay scales which are local government pay scales used in the voluntary sector.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

Statement of trustees’ responsibilities

The trustees, who are also the directors of Hospice at Home Carlisle and North Lakeland for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}.

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

~ state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

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

Auditor

In accordance with the company’s articles, a resolution proposing that Saint & Co, be reappointed as auditor of the company will be put at a General Meeting.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

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

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

INDEPENDENT AUDITOR'S REPORT

TO THE MEMBERS OF HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

Opinion

We have audited the financial statements of Hospice at Home Carlisle and North Lakeland (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained js 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 charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except ta the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which 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, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfled that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

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.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF HOSPICE AT HOME CARLISLE AND NORTH LAKELAND titt Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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

Use of our report

This report is made solely to the charitable company's members, 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 charitable company's members 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 jaw, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MEMBERS OF HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

Stuart Farrer (Senior Statutory Auditor) S for and on behalf ofSaint & Co. Cpe RPV AY Chartered Accountants & Statutory Auditor Sterling House

Sterling House Wavell Drive Rosehill Carlisle CA1 2SA

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

tt

Current financial year ‘
Unrestricted Restricted Total Total
funds funds
2024 2024 2024 2023
Notes £ £ £ £
Income from:
Donations and legacies 3 1,357,808 58,185 1,415,993 779,759
Charitable activities 4 376,514 - 376,514 373,328
Fundraising trading 5 503,228 - 503,228 514,887
Investment income 6 35,895 - 35,895 11,814
Total income 2,273,445 58,185 2,331,630 1,679,788
Expenditure on:
Raisingfunds
Fundraising 7 424,482 381 424,863 275,825
Trading 7 288,488 - 288,488 221,385
Charitable activities 8 1,303,076 59,328 1,362,404 1,277,286
Totalexpenditure 2,016,046 59,709 2,075,755 1,774,496
Netgains/(losses) on investments 13 89,740 - 89,740 (64,314)
Netmovementin funds 347,139 (1,524) 345,615 (159,022)
Netmovementinfunds 347,139 (1,524) 345,615 (159,022)
Fund balances at 1 April 2023 2,984,194 5,000 2,989,194 3,148,216
Fundbalancesat31March2024 3,331,333 3,476 3,334,809 2,989,194

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

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

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Prior financial year

Prior financialfinancial year
Unrestricted Restricted Endowment Total
funds funds funds
2023 2023 2023 2023
Notes £ £- £ £
Income from:
Donations and legacies 3 746,477 33,282 - 779,759
Charitable activities 4 373,328 - - 373,328
Fundraising trading 5 514,887 - - 514,887
Investment income 6 11,814 - - 11,814
Total income 1,646,506 33,282 - 1,679,788
Expenditure on:
Raisingfunds
Fundraising 7 275,825 - - 275,825
Trading 7 221,385 - - 221,385
497,210 - - 497,210
Charitable activities 8 1,249,004 28,282 - 1,277,286
Total expenditure 1,746,214 28,282 - 1,774,496
Netgains/(losses) on investments 13 (64,314) ~ - (64,314)
Grosstransfers between funds 325 - (325) -
Netmovement in funds (163,697) 5,000 (325) (159,022)
Fund balances at 1 April 2022 3,147,891 - 325 3,148,216
Fundbalancesat31March2023 2,984,194 5,000 - 2,989,194

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 15 12,081 9,164
Investments 16 1,178,054 1,325,245
1,190,135 1,334,409
Current assets
Stocks 17 2,670 4,749
Debtors 18 458,286 331,129
Cash at bank and in hand 2,148,875 1,453,276
2,609,831 1,789,154
Creditors: amountsfalling due within oneyear 19 (465,157) (134,369)
Net current assets 2,144,674 1,654,785
Total assets less current liabilities 3,334,809 2,989,194
Net assets excluding pension liability 3,334,809 2,989,194
Thefunds ofthe charity
Restricted income funds 22 3,476 5,000
Unrestricted funds 3,331,333 2,984,194
3,334,809 2,989,194

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

----- Start of picture text -----
The financial statements were approved by the trustees on WA Sa ido f 4 ORHe
Mr MK Clementson Prof ¢ Reveley
Trustee Trustee
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Company registration number 04609579 (England and Wales)

i -15-

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2024|2023| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|28|430,917|52,910| |Investing|activities| |Purchase|of tangible|fixed|assets|(8,144)|(1,258)| |Purchase|of|investments|(20,160)|(400,000)| |Proceeds|from|disposal|of|investments|257,091|-| |Investment|income|received|35,895|11,814| |Net|cash|generated|from/(used|in)|investing| |activities|264,682|(389,444)| |Net|cash|used|in|financing|activities|-|-| |Net|increase/(decrease)|in|cash|and|cash|equivalents|695,599|(336,534)| |Cash|and|cash|equivalents|at|beginning|of year|1,453,276|1,789,810| |Cash|and|cash|equivalents|at|end|of year|2,148,875|1,453,276|

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

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Hospice at Home Carlisle and North Lakeland is a private company limited by guarantee incorporated in England and Wales. The registered office is Valley Court, Barras Lane Estate, Dalston, Carlisle, CAS 7NY.

The charity is limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

1.1. Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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

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

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

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

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

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants are recognised when the charity 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,

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Income from fundraising events undertaken in the year is recognised when there is evidence of entitlement, receipt is probable and its amount can be measured reliably

Investment income from interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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

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,

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

1.6 Tangible fixed assets

individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 20% straight line Office equipment 25% straight line Motor vehicles 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

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

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

Basic financial assets

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

Basic financial liabilities

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

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

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

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

Derecognition offinancial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

1.12 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.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts 464,239 - 464,239 409,844 - 409,844
Legacies receivable 860,063 - 860,063 274,122 - 274,122
Grants 11,000 58,185 69,185 39,667 33,282 72,949
Other 22,506 - 22,506 22,844 - 22,844
1,357,808 58,185 1,415,993 746,477 33,282 779,759

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3 Income from donations and legacies

3 Income fromfrom donations and legacies Income fromfrom donations and legacies (Continued)
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Donations and gifts
In memorium 99,035 - 99,035 101,532 - 101,532
Personal 150,181 - 150,181 132,423 - 132,423
Organisations 91,762 - 91,762 69,733 - 69,733
Fundraising events 115,513 - 115,513 106,156 - 106,156
Other 7,748 - 7,748 - - -
464,239 - 464,239 409,844 - 409,844
Grants receivable for core activities .
Grants 11,600 58,185 69,185 39,667 27,500 67,167
Hospice UK - - - - 5,782 5,782
11,000 58,185 69,185 39,667 33,282 72,949
4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Provision of care
CCGGrant 376,514 373,328

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

5 Income from other trading activities

||Unrestricted|| Unrestricted| |---|---|---| ||funds|funds| ||2024|2023| ||£|£| |Other sales|16,684|20,403| |Car leasing contributions|11,908|5,806| |Fundraising events|114,751|127,918| |Shop income|359,885|360,760| |Fundraisingtrading|503,228|514,887|

6 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
income from listed investments 13,069 -
Interest receivable 22,826 11,814
35,895 11,814

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Expenditure on raising funds

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Fundraising
Governance costs 10,249 - 10,249 14,109 - 14,109
Other fundraising costs 42,600 - 42,600 18,040 ~ 18,040
Staffcosts 200,577 - 200,577 155,220 - 155,220
Support costs 171,056 381 171,437 88,456 - 88,456
424,482 381 424,863 275,825 - 275,825
Trading
Shop running costs 96,359 - 96,359 83,454 - 83,454
Staffcosts 140,885 - 140,885 116,981 - 116,981
Support costs 51,244 - 51,244 20,950 - 20,950
288,488 - 288,488 221,385 - 221,385
Totalcosts 712,970 381 713,351 497,210 - 497,210

~23.

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8 Expenditure on charitable activities

Provision of Provision of
care care
2024 2023
£ £
Direct costs
Staffcosts 922,184 991,215
Nursing expenditure 36,275 37,623
Volunteer expenses 4,340 4,665
Respite project 10,132 -
972,931 1,033,503
Share ofsupport and governance costs (see note 9)
Support 276,292 162,365
Governance 113,181 81,418
1,362,404 1,277,286
Analysis byfund
Unrestricted funds 1,303,076 1,249,004
Restricted funds 59,328 28,282
1,362,404 1,277,286

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

9 Support costs allocated to activities

Support costs allocated to activities
2024 2023
£ £
Staffcosts 285,433 144,621
Depreciation 5,228 6,934
Insurance 21,404 11,380
Premises costs 53,399 49,271
Printing, postage & stationery 14,957 14,738
Equipment maintenance 61,536 14,350
Newsletter 11,160 8,090
Telephone 14,600 5,693
Publicity 3,374 4,168
Subscriptions 130 480
HR 8,969 7,856
Sundry 8,534 4,190
Governance costs 133,679 95,527
622,403 367,298
Analysed between:
Fundraising 232,930 123,515
Provision of care 389,473 243,783
622,403 367,298
2024 2023
Governance costs comprise: £ £
Staffcosts 58,941 33,631
Auditfees 4,200 4,075
Accountancy 1,800 1,740
Legal and professional 62,993 52,040
Trustee expenses 209 823
Share ofsupport costs 5,536 3,218
133,679 95,527
10 Netmovement infunds 2024 2023
£ £
Net movement infunds is stated after charging/(crediting)
Depreciation ofowned tangible fixed assets 5,228 6,934
Operatingleasecharges 98,676 78,072

nn ~ 25-

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 ~=s Trustees

During the year ended 31 March 2024 one trustee, Mr Kevin Coulthard received remuneration of £1,484, not for his role as a trustee but for supporting the operations of the charity due to two senior vacancies. Specifically this was to manage risk around lease renewals, securing investment management and scrutiny of contract renewals.

The legal authority under which the payment was made was in accordance with the Charity's Articles of Association.

No other trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year ended 31 March 2024.

During the year £nil (2023: £809) was paid to trustee (2023: 1) for reimbursement of travel costs.

12 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Fundraising staff 9 6
Clinical staff 38 39
Trading staff 7 10
Housekeeping staff 1 1
Office staff 8 6
Total 63 62
Employment costs 2024 2023
£ £
Wages and salaries 1,364,726 1,276,464
Social security costs 118,805 97,547
Other pension costs 73,442 67,053
1,556,973 1,441,064

Redundancy and termination payments totalling £15,987 were made in the reporting period. This included £6,058 ExGratia payment and the remainder related to payment in lieu of notice and holiday entitlement.

-~26-

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |12.|Employees|(Continued)| |The|number|of|employees|whose|annual|remuneration|was|more|than|£60,000|is|as| |follows:| |2024|2023| |Number|Number| |£60,001|- £70,000|-|1| |£80,001|- £90,000|1|-| |Remuneration|of key|management|personnel| |The|remuneration|of key management|personnel|was|as|follows:| |2024|2023| |£|£| |Aggregate|compensation|290,862|266,180|

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

13 = Gains and losses on investments

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2024|2023| |Gains/(losses)|arising|on:|£|£| |Revaluation|of|investments|90,732|(64,314)| |Sale|of investments|(992)|-| |89,740|(64,314)|

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

14 = Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

15 ~—s-Tangible fixed assets

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Leasehold|Office|Motor vehicles|Total| |improvements|equipment| |£|£|£|£| |Cost| |At|1|April|2023|71,863|61,134|11,998|144,995| |Additions|-|8,144|-|8,144| |At|31|March|2024|71,863|69,278|11,998|153,139| |Depreciation|and|impairment| |At|1|April|2023|71,019|57,644|7,167|135,830| |Depreciation charged|in|the year|844|3,418|966|5,228| |At|31|March|2024|71,863|61,062|8,133|141,058| |Carrying|amount| |At|31|March|2024|-|8,216|3,865|12,081| |At|31|March|2023|844|3,489|4,831|9,164| |16|~—«*|Fixed|asset|investments| |Listed|securities| |£| |Cost|or valuation| |At|1|April|2023|1,325,245| |Additions|20,160| |Valuation|changes|90,732| |Disposals|(258,083)| |At|31|March|2024|1,178,054| |Carrying|amount| |At|31|March|2024|1,178,054| |At|34|March|2023|1,325,245| |17.|~— Stocks| |2024|2023| |£|£| |Raw|materials|and|consumables|2,670|4,749|

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

16 ~—«* Fixed asset investments

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

18 Debtors
2024 2023
Amountsfalling due within one year: £ £
Trade debtors 11,511 20,219
Other debtors 14,779 8,552
Prepayments and accrued income 431,996 302,358
458,286 331,129
19 =‘Creditors: amounts fallingdue within oneyear
2024 2023
Notes £ £
Othertaxation and social security 26,782 24,316
Deferred income 20 383,320 600
Trade creditors 16,364 6,828
Othercreditors 7,185 21,068
Accruals 31,506 81,557
465,157 134,369
20 ~=Deferred income
2024 2023
£ £
Other deferred income 383,320 600
Deferred income is included in the financial statements as follows:
2024 2023
£ £
Deferred income is included within:
Current liabilities 383,320 600
Movements in the year:
Deferred income at 1 April 2023 600 1,000
Releasedfrom previous periods (600) (1,000)
Resources deferred in the year 383,320 600
Deferredincomeat31March2024 383,320 600

-29.

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

20. ~=Deferred income

(Continued)

Deferred income relates to NHS grant income for 2024/2025. which will be drawn post year end.

Last years related to ticket sales for the Spring Raffle

21 ~—« Retirement benefit schemes

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2024|2023| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|70,632|64,231|

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

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

Contributions amounting to £7,185 (2023: £10,275) were payable to the scheme at balance sheet date and are included within other creditors.

22 ~—s« Restricted funds

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

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |At|1 April|2023|Incoming|Resources|At 31March| |resources|expended|2024| |£|£|£|£| |Mulberry Trust|-|20,000|(20,000)|-| |Screwfix|Foundation|5,000|-|(1,524)|3,476| |The|February|Foundation|-|4,885|(4,885)|-| |St James|Place|-|2,500|(2,500)|-| |Hadfield|Trust|-|5,000|(5,000)|-| |Albert|Hunt|-|15,000|(15,000)|-| |EC Graham|-|6,000|(6,000)|-| |The Jane|Hodge|Foundation|-|4,800|(4,800)|-| |5,000|58,185|(59,709)|3,476|

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

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

22 ‘Restricted funds

‘Restricted funds (Continued)
Previous year: At1 April 2022 Incoming Resources At31 March
resources expended 2023
£ £ £ £
Hospice UK - 5,782 (5,782) -
MulberryTrust - 20,000 (20,000) -
Screwfix - 5,000 - 5,000
HospiceAid UK - 2,500 (2,500) -
- 33,282 (28,282) 5,000

23 ~~Unrestricted funds

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

At 1April 2023 Incoming Resources TransfersGains and losses TransfersGains and losses At31March
resources expended 2024
£ £ £ £ £ £
General funds 2,984,194 2,273,445 (2,016,046) - 89,740 3,331,333
Previous year: At 1 April 2022 Incoming Resources TransfersGains and losses At31 March
resources expended 2023
£ £ £ E £ £
General funds 3,147,891 1,646,506 (1,746,214) 325 (64,314) 2,984,194
Analysis of net assetsbetweenfunds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At31 March 2024:
Tangible assets 12,081 - 12,081
Investments 1,178,054 - 1,178,054
Current assets/(liabilities) 2,141,198 3,476 2,144,674
3,331,333 3,476 3,334,809

24 Analysis of net assets between funds

-31-

HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

24 ~—s Analysis of net assets between funds

(Continued)

Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At31 March 2023:
Tangible assets 9,164 - 9,164
Investments 1,325,245 - 1,325,245
Current assets/(liabilities) 1,649,785 5,000 1,654,785
2,984,194 5,000 2,989,194

25 Operating lease commitments

Lessee

:

Operating lease payments represent rentals payable by the charity for its properties, equipment and vehicles.

At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

2024 2023
£ £
Within one year 66,645 67,753
Between two and five years 19,566 41,560
86,211 109,313

26 ‘Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Trustee indemnity insurance amounting to £500 (2023: £500) was paid by the charity during the year.

27 “Analysis of changes in net funds

The charity had no material debt during the year.

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HOSPICE AT HOME CARLISLE AND NORTH LAKELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |28|Cash|generated|from|operations|2024|2023| |£|£| |Surplus/(deficit)|for the year|345,615|(159,022)| |Adjustments|for:| |Investment|income|recognised|in|statement|of financial|activities|(35,895)|(11,814)| |Loss|on|disposal|of|investments|992|-| |Fair value|gains|and|losses|on|investments|(90,732)|64,314| |Depreciation|and|impairment|of tangible|fixed|assets|5,228|6,934| |Movements|in|working|capital:| |Decrease/(increase)|in|stocks|2,079|(2,728)| |(increase)/decrease|in|debtors|(127,157)|106,538| |(Decrease)/increase|in|creditors|(51,933)|49,088| |Increase/(decrease)|in|deferred|income|382,720|(400)| |Cash generated from|operations|430,917|52,910|

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

~33-