A i)l+alj forget -Ahlii me not children s 'hX Fli, hospice THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED (a company limited by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company registration number: 05481614 Charity number: l 110457 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED CONTENTS Pago Report of Ihe Trustees 1-26 Report of the Independenl Audilorfs 27-30 Consolidoted slalement of financial aclivilies 31 Consolidoted ond charity balonce sheet 32 Con501idoted slalemenl of co5h flows 33 Notes lo the consolidated financial statements 34-48 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Report of the Trv$tees The Trus18es present their annuol report tog8iher wilh the ovdited finonciol statemenls of the Forget Me Not Childr8n's Hospice Limiied for the year ended 31 Morch 2024. The Annual report serves ihe purposes of boih o Trustees, report ond a directors, report under company low. The Trustees confirm thol the Annuol rèport and financiol slolernents of the charitable company comply with the current stotutory requiremenls. the requirements of the charitable company's goveming document and the provisions of the Stat8m8nl of Recommended Proctice ISORP) applicoble to charities preparing iheir accounls in accordanc8 wilh Ihe Financial Reporting Standard opplicable in the UK and Republic of Ireland IFRS102} (effective l Jonuary 2019) os omended by Updale Bulletin l {effedive Jonvory 20191. Since the group ond the Charity quolify os small under seclion 383 of the Companies Act 2006, the Group strotegic report required of medium and large componie5 under the Companiès Acl 2006 (Strategic Report and Direclor5' Report) R8gulations 2013 hos been ornitted. The Charity's objeds are specifically restricted to the following: rh8 5UPPOrt ondr8liefolchiHren residenl in ihe Uniied Kingdom with extraordinory medico/ needs and their families in porticulor, bul nol exclusively, by theprovision olchi/dren's hospice services communitybasedchoriloble services ondsuch other means os the Truslees sha// from lime ki lime delennine. This is fulfilled ihrou9h the delivery of a communityknsed core service {Hospice al Homel a fit for purpose hospice and short breaks facility, and extensive fomily services focu55ed on grief ond loss. vblic nefil ond Th8 Trustees confinn ihai they hove referred to the guidonce contained in ihe Charity Commission's g8neral guidonce on public benefit when reviewing the Charity's airns and objedives ond in planning Future adivities. Forget Me Not Children's H05pice cores for children with life shortening condilions ond their fomilies. Public benefit is derived by the free provision of holistic polliative ond end of life core services, together wilh ossociated bereavement 5UPPOrt offered to the whole family. Every day we have more fomilies who come to us for help, We know thai th8r8 ore many more local fomilies thal would benefit frorn the support we provide, ond il is our aim to reach os many of the fomilies most in need within ihe hjnds we have avoilable. To enoble this, we continve to review our seryices to ensure we are targeting our effort5 where they are mosl needed. In setting objeclives and plonning for odivilies, Ihe Truslees have given due con5ideralion to general guidance published by the Charity Commission relaling to public benefil, including ihe guidonce 'Public benefit: running a chority {PB21'. THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued) Objectives and actlvltles Strategles for aole demand, ond develop a diverse approach io raising funds whilst loking good care of our resources. In 2023/24 we launched 'Thrivtr25' . a transitionol plon thot would bridge from our exi$tiro strole9y Io o new strategy beyond 2025. This programme of work would focus on ihe finol pillor of our Iroilblazer strolegy - acting now to protect our fvture. As this piec& of work has evolved. we hove renamed the programme internally to 'Protecling Our Future, Deliveriro Our Promise,. The key objectives in our financial slrotegy for 23/24 were to: Grow ond develop suslainoble income now and in the future lo ensure ihal we ore always oble to Serve the needs of locol chiklren and families; Meosured grovhh in fundroising through a mixlure of diversificolion and the development of èxistirfj income slreams including the introduction of new laclics to increase regvlar, PredIc￿bIe income. Continue lo grow income and profit from Trading through investmenl in online infr05tructure, resource ond 3 nèw shops. Build a robusl bolonce sheel with sufficiènt cosh reserves lo meel ovr financiol obligolions,. Manage ond control costs lo malch incom8 9eneroted and ensure spend is focused on core choritable activities. We have mode huge progress agoinsl our objectives and hove achieved the following ihis year: 78 /0 of our lotol chority costs are spent on charitable odivilies, demonslrating ihol our core model is cost effe¢tiv8 and serving the needs of our children and families. We hove made positlV8 Steps loword diversificotion of our income by starting to develop o commercial strolegy ond the work to diversify income through funded plocements and facilities hire. THE FORGET ME NOTCHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) Objecrfves and a¢tivities {¢ontinued) Strntegies for achieving objectives (continued) Slrengihening our or9anisotion {continued) We hove a Conlrod, Commissioning ond Stotulory Funding Strategy in ploce, lo secL•re system money into recurrent funding for our core and specialist care services and thereby build reliable ond susfr]inable incorne - protecting our most important services. We've started to loy clear, solid foundations by identifying the income streams ihoi have the potential io grow, continuing to develop regulor. reliable income streams with success in our lottery and regulor giving gr0￿h. This has been a record yeor for trading income. However, our plonned new shop opening5 were delayed due to timin9 issue5. Net profit in Irading was slighily behind due to the delay in shop openings ond disproportionate increases in pay costs. Reserves remain slable and we have had o record yeor lor legacy income. We continue to closely monitor oll costs and have launched o new programme of work to ensure that we are 'fit for the future. by demonstroling volue for money and ensuring maximum produclivity. We end the yeor with a healihy balance sheet ond hold an account with CAF FIog5tone where wa con invesl in short lerm lixed deposits with compelitive inlerest rotes. We continue to work as founder members of ihe West Yorkshire Hospice Colloborolive, working with ihe wider health system to creole future financial susloinability for ihe sector locally. Overall Performonce This year hos ended in o good posilion financially and we ore pleased with our perFormonce, but we are very mindful of the sector challenges ond our own rising cost base and so growing ond diversifying our income further ond proledirE our fulure remains our number one priority if we are to deliver on our promise to support families across West Yorkshire now ond in ihe fthure. We continue to provide the highest quality care and support k) children ond families. This has been recc£nised through our late51 CQC inspection where we were roted once agoin 'Outslondirg'. This is an incredible achievement and is testament to the hard work. commilment and dedicalion of everyone across Ihe whole chority. Sheila Grant. CQC depvty dire¢lor of operations in the north, sold.. °When we inspecled Forget Me Noi Children's Hospice, we found a service where manogers and stoff went the extra mile to ensure children ond iheir families received the besl possible care. The service understood what children and their families needed, both clinicolly, and emotionally ot o reolly difficult time in their lives. "We heard thot families were made to feel like they were the only family ihe slaff were working with at any moment in time, and oll feedbock w05 overwhelmingly p5itive obout the kind and discreet nature of Staff. 'We were also impressed ihol the se￿iCe wos working in collaboration with local hospitals lo provide more support to families who had experienced the devastaling1055 of a child through stillbirth. °All stoff should be exlremely proud of the core they're providing to children and their families. They cleorly work hard to provide exceptional core ond other providers should look ai this report to sèe if there's an￿hing they con learn.. THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (¢ontinuod) Objectives and activitios (continued) Strotegios for achieving objectives (¢ontinued} Sirengihening our organisalion Icontinuedl We would like to thonk our staff, volunteer5, 5UPPOrters ond customers who hove continued to be our besl advocales, allowing us to be visible across th8 whole of West Yorkshire to fomilies who need us. We ore very proud of whot we hove ochieved during ihe year and believe Ihis hos stood us in good stead for the 12 months ahead. Review of activities Care Ser￿Ge$ - o review olihe yeor This yeor sow us achieving on oulslanding aword in our CQC inspection, teslamenl to Ihe excellenl core thol is provided. Fomilies ond other slakeholders contribvted to the inspedion and reflected ihe coring environmeni thai the hospice provides. Farnilies continue lo occess us for short breoks, ond this conlinves lo increase in line wilh demand. Our senior care team continue lo ensure thot oll ihe children on ihe caselood ore offèred on odvonce care plon, including ihe d¢xvmenlolion of their preferred place of deoih. This year, w8 hav8 been obl8 10 support 99°A of deoths within ihe fomilies preferred ploce. We are al 9V/o complement of clini¢ol sloff and hove increosed our number of quolifi8d children's nurses since Ihe opening of our fifth bedroom, Rowan. Our retention of sloff hos improved, and we hove in1r0d￿ed opportunities to grow our workforce by introducing ihe Troine8 Nurse Associale programme and recently ihe Nurse Degree Apprenliceship. We hove wntinued io grow our offer and have introdLred new roles within ihe Fami￿ Support Service, inclvding our Family Svpport Manoger who is18oding on ihe Ironsformation work to develop ovr model of care delivery, ensuring it Is holislic and focused on th8 whole fomity. Our new approach to delivering our model will start with o pilot group of fomilie5 being SUPPOrted by o link worker who will carry out o holislic ossessm8ni ihat is offered io oll membèrs of ihe fomily. Alongside this work, we ore dévelopirKJ o model io increase volunteer capacity, which will enhonce the menv of support available lo oll fomilies. A project funded by ihe Nalional Lottery 'Reaching Communities, fund hos enobled gr0￿h in Ihe number of peer groups avoiloble for families posi bereavement. The aim of the peer groups is lo empower fomi mernbers to develop o community of support when active hospice services come lo an end. A lorge p8rcentage of our service users come from eihnicolly diverse ¢ommvnilies which provides confidence that we are reaching oll the population ihot we serve. Feedback from service user5 Was something ihot we focused on over the yeor, we hove seen an increase in feedback since the introdudion of o variety of methods to capture ihe voice of the child and iheir fomily. Feedback is extrerne￿ posilive, and where suggestions for improvements ore caplvred, follow up plans are created, and actions monitored. Our pioneering ond trailblozing approach continues to be recognised across ihe sedor ond beyond os we shore our work ond besl pradice in both the UK ond inlemationally ol conferences ond oiher events. THE FORGET ME NOT CHILDREN'S HOSPICE LIPIIITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued) Obieem. The rnply covldi'l 185TONNES 90 MEMBERS OF OUR 99ERS BUSINESS CLUB TOGETHER RAISED £54,346 ", 22 £24,137, - NEW RCLES . FROM BUCKET COLLECTIONS £170K NeYeF u.?deroslirna',e the pfviei ol a couplt cl Iii £lK.')s. we ClAal¢d Iiouiy with u l)iJ-keil OLI volui',f¥%rJ wl..o he.[)￿1 us willi boa pa£l.5 aid bvckel coll&cliJtts ever gsly ¥aised tr4cr £?4.0001 SrA￿lI p a E..'G kECIAlJVI I IN GIFT AID LQOW ?r¥d supp¢:-I DoTr'l Sorf4441 i..J Ihe s,; yuu cor 900.COLOUR RUNNERS SAISED £32,256 £286,884, il g:. gill> ill ￿111> I li¥1 > eDo¥81I to turb Our £Yioi¥iloke ser¥ice5 loi o wFLol& year svpptsri Iko. riie(sfr5 IhE Yio..Id ￿ Ili.- s£- ¥*iiQ receive il Kl'hol (111 amazing lega~y lo ltrOVP.I 239 HYDROthERApff-SESSIONS A d￿n¢4 fpr c tpTr l) idgx &eir ny4xlFiwhic o whedthgfr w t)the, THANK YOU . forgetmenot *14. childrens hospice THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 {contInu￿) Plans for future period5 As we approoch the conclvsion of our curr8nl ltrailblozerl slrotegy in 2025, we now look to creole our new &year strolegic plan ihal will take th8 charity on the next port of its journey. Our vision is to deliver pioneering care ihrough pregnoncy, childhood and loss, whenever familie5 need U5, whatever their hJture holds ond in 2023, we created a brand promise for our charity; hr as long as we are here, no family in West Yorkshire will have to face the loss of their child alone. To deliver this Vision ond promise, we musl continue to focus on key priorilies," Firsily, continuing to odapl ond evolve our services so thot we can bes1 support ihe wide and increosiroly complex challenges thal children and families who access our services ft5ce on o do1￿ basis. To do this, we will build on our success $0 for, using our pion88rin9 and trailblozing opproaches lo find new, cos1- effective woys lo reach and support more peopl8. And secondly, we will continue lo find woys lo strengthen our hjture finoncial svstainability, ensuring that our model is 'lii for the fvlvre, through a mixlvrè of an improved ond more appropriate slotulory hjnding model, gr0￿h of existing income streams and commercial diver5ificalion. The key objeclives in our Finonce ond Corporale Strategy For 24/25 to 29/30 are: Ensvre our model of core is the most cosfreffedive woy of supporting more people with increasingly complex néeds boih now and in the fulure. Improve resilience of our syslems, facilities, infrostruclvre and resources to enhance prodvdivity. Demonstrale value for money by challenging the way we work. Build our reserves to make sure that we have enough money for now ond in the Future We will do this by: Delivering kèy organisationol slrotegies and plans and monoging interdepend8ncies befvéeen those $trategi8s effectively. Improving our resilience by moximising the investments made in our systems ond crealing ihe 'Forg81 Me Noi Way, of working and inlernol culture Dernonslroting value for money through divergent thinking, aulomotion. controlling cosls and ensure thot 70 /0+ of expenditure is for core charitable aclivilies Growing and diversifying our income streoms Continue to demonstrole robust and relioble financial reporting, gOV8rnonce and compliance In 24/25 we are launching ihe private phose of o copilol oppeol thal will pave the way for extending Russell House, our h05pice in Hvddersfield. This projecl is in the véry ear￿ stages and, if successhjl, will Se8 on exlension Eeing buili within the nexi 3 years. This odditional space will allow us lo increase capacity for short breaks and respite core, mvlti4vnclional odivity space, training ond development space, an independent living spoce, odditionol "snowfloke" care pace ond new iheropy spoce. In the year ahead, we aim to secure our firsi £1 M ￿WardS ihis proj8Ct. Importonily, in the year aheod, will conlinu8 to work with system partners ocross Wpst Yorkthire, including the West Yorkshire Hospice Colloborolive and West Yorkshire ICB io ensure ihot services are designed, developed and delivered ￿ meet the needs of the local community ond populotion. io THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) Plons for future periods Icontinuedl We will conlinue lo embed our Values: Caring: We are one leam ond will always be kind, considerate and supportive. Courage•u5: Together we have the slrength ond confidence to make brave choices. Positive: We are possionole about making o difference and being the besl, we can be. Ploneering: We challenge the slatus quo to make thin9s better for children and fomilies. Genuine: We are true lo ourselves and ot￿r5. Care Sérvices - looking aheod Evolving the approoch to delivering our services sees the recruitmenl of Family Link Workèrs that will support families ond navigate them through the complex maze of systems ihoi they face in doy-ti>day life, This will in lurn evolve the offer of support ond ensure it meets individual needs as opposed io one size fits all. Our plan lo recruit care volunteers, will meon that more support can be offered both wiihin Russell House ond within the Community, o more varied and ￿llored support pockoge may mean thot there is less dernond for short breaks. Our Fomily Services Monager will lead this tronsformation work to ultimately reach more families. Our services will conlinue to be Iroumo informed and needs led. This model will be C(￿ProdUced wilh families and stoff ond is based around a differenl assessment process and a brooder, more holislic service offer encompo55ing both clinical ond fomily support elements under one integrated modal. The obove model ond work will b8 underpinned ond supported by collaborolions and portnerships with other orgonisations ond third seclor FQrtners. We will continue to prornote our funded plcc6ment offer where families choose to come to us for a short breok which is eiiher paid for from o personol budget fund assigned by the Local Avthority or vio the Clinicol Commissioning Group/lnlegroted Care Provider ICCG / ICP}- This offer supports the local health and sociol core system, increases the qvolity of care ond support ovoiloble to the children who stoy with us ond ollows us to diversify our income. Colloborotion with Mortin House Children's Hospice and West Yorkshire ICB will see a pilol of 0 24/7 telephone advice line mid-way through the year. This will increase our reach to fomilies who moy not be receiving o palliotive care service, providing ihem wilh on call support from specialist palliotive core stoff. We will continue lo be pioneering ond irailblazing in our approoch through the development of existing and new pothways working in partn8rship with the locol healthcore system. We will olso work with local and nationol charilies on reseorch ond programmes ihol will improve access to support for our l(xoI population. In 24/25 we will also embork on on exciling new project in portnership with the University of Huddersfield where we will hosl a Knowledge Tronsfer Parlnership on o 3-year placement to SUPFQrt our future strategic development and to help us become o research led orgonisation. We will conlinve to make Cha￿e$ lo our staffing and fvhjre workforce plan in order lo rnointoin a safe sloffing level both now ond in the fuiure. This will inclvde evolving our existing Staffiro colculalor tool ond ensuring that we have prograrnrnes in place to develop colleo9ues into roles in the fuiure. We recc£nise the critical importonce of dala in demonstrating the impact of our work, porticulorly reloting to statulory funding discussions. In 24/25 we will ensure thol our prOC￿se5 ond systems for collecting, sloring, analysing and sh-orin9 dota are effective ond consistent. li THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued) Plans for future periods lconlinvèd) Income generahon - looking oheod In Fundraising, we will continue to rollout growth plans that underpin the areas alreody identified os having OPPOrtunilies lo grow- aligned io ovr slrate9y of doubling income over the next 5-years. Our key stralegic aim of growing income from regulor. reliable income strearns will conlinue in the yeor ohead. Grovrth is budgeted ocross oll income streams and will be achieved through a combination of organic and iorgeted gr￿h slrotegies. Investment in Fundraising will be carefully controlled and graduol with robusi ROI calculations opplied. In the year oheod, we will also invest in ihe implementation OF o new supporter dcttabase - Ihis will ollow us to Eetter 5teword and communicote supporters and lay foundolions for significanily increosing the size of our 5UPPOrter base over the 5-years. In Troding, we will focvs on embedding a consistent online structure to rnaintain income from that area. We expect to see some growth from ihe exislin9 eslale with a more 519nificont increase coming from new shops thot will be odded to the estate in the forthcoming year. We will trial o new, lorger store format ond will vse an externol ogent to support with new site acquisilion5. In support of all the obove, we will continue to d81iver our Marketing1 Communicalions and Engagement strotegy, including ihe implemenlotion of a bron&new website, Ihe promotion of an adv¢xocybosed approach and growing our supporter bose. In the forthcoming year, we will slort lo imp18ment o new comrnerciol slrolegy. This slrolegy will see us look for opportunities to diversify income. We will also continve to promote Facilities ond troining 0$ ways to generate additional commercial income. Supporting ourpeople - loo*in9 oh8od We ore working on developing o, Forget Me Not Way cultijre and expeclation fromework for our staff; this will incorporale our promis8. our values, our people promise, our leadership Iraits and our Speak up, Listen up and Follow Up procedure and culture. We will keep our People Promise olive ensuring that we ottraci the best people, we are ot ihe side of our people so thoi ihey feel volued ond supported, we aid gr0￿h so thol our people con ochieve their full potential ond our people are advocates by feeling proud io work at Forget Me Not and inspired to share our story with others. This is underpinned through our leadership development frornework which we ore in the process of launching in 24/25. We have worked on all our people related strategies to combine these into one overorching People Strategy. and plan to embed this in 24/25. The aims of our People Strategy ar8 thal: We will attrocl and recruit the best people now ond into the future We will support our people b develop ond reach their potential We will .value diversity ond people.will feel they belong We will support our people so that their wellbeing is looked ofter, and we build resilience We will ensure ihal equality, diversity and inclusion run ihrovghout oll our organisalionol slrategies ond conlinue to rneosvre our performance against torgets ihrough stoff ond volunteer ED&1 surveys, new starters and inclusive recrvilmenl praclices. 12 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued) Plans for future periods Iconlinued) Supporting ourpeople - looking ohead Icontinuedl We will be embedding our Volunleer Strategy. By increasing our volunteering contribulion and diversity there will be increased capacity to support our fomilies in line with our direction of trovel and more support to help us generate income bdh through direct fundraising and ihrough our reloil eslote. This slralegy helps us deliver our promisè by showing ihol we ore serious about volunteering ond how we will conlinue to improve the volunteering experience for everyone who gives their timè to support us. The oims OF our Volunteer Strategy are that: We will attract, recruit and rètain ihe best ond mosi diverse volunteers We will hove the tools and resources lo support and engoge our volunteers We will be recognised os on inclusive and enjoyobl8 place to volunteer We will have a volunteering model thot is fil for Ihe fuhjre of Forg8t Me Not Workforce planning will take place ocross all deporlments in line wilh our Finance and Resilience strotegy which lakes us to 2029/2030 ond individuol departmentol strategies. We will focus on our model of core, Using our workforce calculator and care strotegy. The other key areas of workforce plonning will toke place in our retoil estate as we plan to grow each y80r in line wilh our Troding slrolegy, ond our incorne generation tèom in line with ovr Fundroising strategy. We plon to emb8d our Leadership traits fromework and are using a selfwassessment tool io build o development plon for our leaders, as well as throv9h feedback and 360iJfPo￿￿5. Thtt5e cro CSiopI al lor rv4nii)9 th9 char ifv, but they co.1 money Ic) do. This meon5 not every penny we ra,'se can be SiJeTrl di-.:=Ily ci supporiing farnilies Howo¥er. 14is IlDe5n'l meun tl)ol each periny is not coriiiibuling lo our abi,"'ty t= d&Tj lar th2t ccre ond s'Jpport, Safely nnd'io Ihe h'iglF es1 possil)l& quolity. Here'are a few exomple5 01 whal IHe5Ei overh&od Coals enlttil.. Evaluation Environmental sustainability Data, Information goyernance Supporter insighi Learning and development , Quality and I compliance Planning ond performance Health & Safety, R45k management and mitigalion Finance and oudit, Income generation Legal Safeguording Content creulion IT, Digital optimi5ation Company secretory Employment. Volunteering. Wellbeing Property and "_ facilities Procurement 16 THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued) Financial review (¢ontinued) Reseryes poli¢y The tolal unrestricted ond restricted reserves held as at 31 March 2024 was £3,552,718 12023.. £3,533,350). The current lev81 of cosh/investments held by Forgei Me Not Children's Hospice is £904,56012023: £l,110,3261. Howevèr true cosh, ofter loan liabilities due within one year of £30,00012023: £30,000) Inole 7 81 ond loon liabilities falling due in more than one year of £105,50012023: £135,5001 Inote 19) is £769,060 {2023: £944,826} ond is allocated for emergency reserves. The balance of unrestricted reserves held is £3,428,39512023: £3,431,444 which is maintained to ensure that th8r8 ore sufficient funds lo provide care and conlinve lo reach more children and families thal need our svpport. The designated reservé allocated in 22/23 of £77,000 which wos for the impad of ihe costryof-living crisis and io ensure ihal we can recruit and retain stoff in terms of market changes and competition, hos oll been spent in 23/24. The reserve funds policy is lo have sufficient reserves lo cover operaling costs for one year and set aside for emergency purposes only. In addition, there should be ovoiloble cash reserves of ihree months of operaling cosls. The immediale slro18gy lo buikl reserves and financial strength is being oddressed and assurance measures can be dernonstrated as follows: Sourcing oddilionol public sector and CCG hjnding {preferobly recurrentl Allocating18gocy income lo build reserve funds Robust monogemenl and control of our resources Building our capacity to generote more income The aim is to bvild irv8 emer9èn¢y cosh reserves to £ I million by March 2025. True emergency reserves os ai 31 Morch 2024 was £769,060 which fell below target dve lo an amount of £172k of accrued income in the chority at year end. We hove a finance strategy in ploce thol oims to build reserves so thol we have enough money for now ond in the hjtvre. Reserve Funds are reviewed al eoch AFR committee meeting os port of the finonciol reporting process and svpporting cash Ilow forecast. Reserve levels will be resel appropriotelyi after consideration of cost challenges set and ochieved ond Confirrnolion of successful income in the pipeline, lo ensure that ihe levels meei ihe needs of the strolegic direction of the Hospice. The Trustees consider it prudent ihot reserves oiher Ihon reslricted and designoted should be sufficient: To ovoid ihe necessity OF realising fixed ossets held for the Charity's use," To provide protection against any possible decline in fubjre income from fundraising ond donations in generol. 17 THE FORGET ME NOT CHILDREN'S HOSPICE UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 {continu¢d) Financial review (continued) Reserves poliry (recosts ond considered ony remaining available government schemes and interventions in making their 0558ssmenl. After making appropriate enquiries, the Trustees hove o reosonoble expectalion thai ihè Charity an_d Grovp has adeqvale r850urces to conlinue in operationol exislence for the foreseeab18 future. For this reoson, they continue lo odopl the going concern basis in preparing the financial 5tot8m8nls. Further d8toils regarding the adoption of the going concern basis can be found in the occountiro policies note 18 THE FORGET ME NOTCHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) Financial revlew l¢ontinued) Fvndraising and complian¢e Forget Me Noi Children's Hospice is reliant on the goodwill ond support of ihe locol community in order to provide its charitoble seTvices to Children with lile shortening conditions and their families without chorge. The hospice h05 an excellent reputalion, however with this comes a responsibility lo ensure ihe very highest of fundroising standards are in practice. Income generation is not simply o way of raising fvnds, but il is also o conduit to developing ond rnointaining key svpporter and donor relationships, ensvrirKd that supporters are very much o port of our Forget Me Not jovrney. 11 is nol always possible to ossess whether supporters are 'vulnerable' or lo coordinole activities with oiher chorities, so our opprooch is to focus on our fundroising octivities and relationships and conduct these and our contocl with donors in line with the law, relevanl 9overnance and our ovm high standards. All income generalion activities ore undertaken wiihin chority l(Jw, Charity Commission regulations, HMRC rules, The Fvndroising Regulator. The Gambling Act, local licencirKJ lows, Advertising Standards Authority rules and doto protection laws. This list is not exhavstive. We ore regislèred with the Fundraising Regulator and conlinue to work towards full compliance with the Fundroising Code of Practice and slrive to adopt best praclice in all that we do. We operate on ethicol fundroisin9 policy os well os other policie5 specifically created in order to underpin, support and monilor the above. We support ond encourage ovr fundraisers to achieve qualificotions through the Chartered Instilute of Fundroising or Corndel, and some members within the team are active￿ engaged in training and support throu9h these organisalions. Donor management We continue lo ensure thot GDPR is effectively implernenled, monitored and oudited across all oreas of income generolion. External fundraisers We vse the seNices of Sterling Lotteries who manage and rvn our Week￿ priz8 drow. Sterling is licenced ond regulated by the Gombling Commission to promole a non-remt)te and remote lottery and also supply, install and odopl gamblin9 software lo promote a lottery. All Sterling represenlatives receive Gambling Commission training lincludin9 vulnèroble persons Iroining) and represenlalives are olso trained in line with ihe Ftsndraising Regulators Rule Book for Fac&ttrFace Fundraising. SterliTrJ is oudited annually on the Gambling Commission subset of IS027001:2013. The audit report is ovailable on request. There were no reportable complaints reloting lo the odivity underloken by SteAing on behalf of the Hospice in 23/24 {22/23: none}. In 23/24 we used °The Fundraising Portnership. os an exlernol agency Iconvasserl to acquire new lottery players. This will change in 24/25 as we transition to a new canvassing agency - Lottery Fvndrai$ing Ser¥ices ILFS). We are solisfied that their colleagues undergo in house training which covers all the necessary points relaling to governance and compliance when represenling the charity publicly. 19 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) Financlal revlew (continued) External fundraisers (continued) We also employ QTS as a telesoles agent to conduci both administrotion ond soles colls on beholf of the charity. We are 5ati5fied thol they corry out the correct checks on contact records ond thai their tele501es opeTator5 ore Irained 5ufficienily in the governance and rules associated with telesales activity. Principal risks and uncertainties The Trustees and Senior Leodership Team have assessed, and re9ulorly review, Ihe major risks io which Forget Me Not Children's Hospice is exposed, in particular. those relaled io the finance, operation5, people and complionce. The moin risk that the Hospice foces going forward is oround funding uncertainty, F￿rtICUlarlY orovnd the National Children's Hospice Grant beyond 24/25. We hove developed o plon lo be fit for the future ond recognised the increased costs needed just lo stond still. Our plon to protecl our fulure oddresses these issues, logeiher with o shortage of seclor wide care staff ond will see us overcome these challenges and build o more suslainoble fulure for the hospice and so Ihe families we 8xisI lo serve. The Hospice's principol finonciol instruments comprise bank balances, creditor5 ond debtors. The main purpose of these inslrumenls is to raise funds to finonce the operations of the H05pice. Due lo ihe natvre of the financial inslrvments used by ihe Hospice, there is no exposure lo price risk. The Hospice's approoch io managing risks opplicable lo ihe financial instruments concerned is shown below. In respecl of bonk balonces, the liquidity risk is manoged by maintainin9 credit balances. The Hospice makes use of money market facilities when funds are available. Trade debtors ore managed by regular monitoring of amounts outstonding for boih lime ond credit limits. Trode creditors liquidity risk is manoged by ensuring sufficient funds are ovailable to meet omounts folling due and ensuring that suppliers are not paid early. A5 a Tesuh of reloil lockdowns during ihe pondernic, FMNT Troding Itd {A wholly owned subsidiary of the chorityl took odvantage of hvo Coronoviru5 Business Inlerruplion Loon scheme5 {CBILSI through Lloyd's bonk. An omount of £150,IX)O was laken out in June 2020, and then o further loon of £150,000 in December 2020. The loon r(rtes ore fovourable, ond the terms were both 12 month5 interest free and no capilol repayments. Both loans were repayable over 72 months, however the second CBILS loon was settled in Full in September 2022 and ihereFore there rernains one CBILS loan in ploce as mitl9ation lo support our reloil estale growth plan5. 5tructurei governance and mqnagemenl Constitution The Forget Me Not Children's Hospice Limited is registered 05 a charitoble company limiled by guaronlee incorporoted on 15 June 2005 and registered as a charity on 15 July 2005. The Charity modernised its governing docurnenl on the 13ih November 2015 and is governed by its Articles of Associotion. In ihe event of the Charity being wound up member5 are required to contribthe an amount not exceedirKJ £1 O: 20 THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued) Stru¢tureN governann￿$ 476VT4 5WJ78 45¢AY4 3B5,555 745 31L819 J4 ?Sa745 I7¥J￿1 4,rn.￿4 5.PSIJJO L974 I76,￿2 325L745 174M2 The Consolidcled statement of financial aclivities includes oll gains ond105$es recognised in ihe year. The noles on pages 34 10 48 form port of these financial 3tatemenls 31 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED CONSOLIDATED AND CHARITY BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 Intan8ibk•55ets 14 12MAè3 1.671 77>4 1334.4 Stuck 16 J7J32 JS707 17 314 649.613 74611 17Q903 C¥tsh * b8nkand In hand.VnrnstriEtedfimd LffJ4,143 Crtdkn&' •mounts falThrydue wirhin on*¥ear 1597AtsI 127L6931 1rn.718 3￿￿50 3,379.￿5 3AI1202 Crtditots: 8rwJDts falUn8knafter mtyrethan one {68 3533XJO 3311 3,344,tr 3N3LMI 1184762 3,2422gSI 21 21 I77J￿) 3314,202 431U*5 The Trustees ocknowledge their responsibilitiès for complying with the requiremants of ihe Act with respecl lo accounting records and preparotion of financial stalements. The h'nonciol statemenls have be8n pr8por8d in accordance with Ihe provisions applicable to entities subject lo the small companie5 re9ime. The financial slotements wer8 approved and ovthorised for issue by the Trustees on 20th September 2024 ond signed on their behalf by: J Cross N O'Dowd Choir Company Secr8tory 32 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 197332 L¥iA2¥ IJ51Ah9) IW.7791 (l(X)AW) (204760 C•hav%l wli eAwi￿1￿1ts &ttl*1*8innire of pvlod 1.110￿6 1.391217 1205.766) The notes on pages 34 10 48 form port of these financial $totements. 33 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The orgonisotion is a choritable compony limited by guarontee, incorporated in England and Wales. The address of its registered office is Forget Me Noi Children's Hospice. Russell House, Fell Greave Road, Hvdder5field, HD2 1 NH. The charitoble compony's registered number is 05481614. Accounting policies 2.1 Basis of preparation of finan¢ial statements The finonciol slolements have been prepared in occordance with ihe Charities SORP IFRS 1021 Accounling and Reporling by Charities: Statement of Recommended Practice applicable to charities preporing iheir occounts in accordance with the Financial Reporting Siandord applicable in the UK and Republic of Ireland {FRS 1021 (effedive l January 20191, the Financial Reporting Standard opplicobl8 in the UK and Republic of Ireland IFRS 1021 and the Componies Act 2006. Th8 Forget Me Not Children's Hospice Limited meels ihe definition of a public benefit 8nlity under FRS 102. Assets and liobilities ore initiolFy recognised oi hisloriccl cost or transaction volue unless otherwise stated in the relevant accounting policy. The Consolidoted stotemenl of Financial oclivities ISOFAI ond Consolidoied balonce sheet consolidale Ihe financial statemenls of ihe Chority ond its svbsidiory Undertaking. The resulis of the subsidiary are consolidated on a line by line basis. The Charity has token advantage of thè exemption allowed und8r seclion 408 of the Componies Act 2006 ond hos not presenied ils own Stotement of finonciol activilies in ihese finoncial slotements. 2.2 Going Concern The consolidoted linancial slolements have been Prepar￿ on the going concern bosis. This has taken account of ihe impoct the UK economy and its potential impocl on the financial suslainobility of the Charity ond the group as a whole. In doing so mana9emeni hove applied sensitivities and adverse assumptions upon their budgets, co5h flow forecosls and considered remaining available government schemes and interventions in making their asse55rnenl. The Trustees hove received a 12 month rolling cash flow forecast, together wilh mitigotion plans and a full understanding of the financial perFormance in order to make a going concern decision. 2a Income All income 15 recognised once the Charity hos entitlement to the income, il is probable ihot the incorne will be received and the omount of income receivable con be meosured reliobly. The recognilion of income from legocies is dependenl on e5toblishing enliilemenl, Ihe probability of receipt and the ability to estimate wilh sufficienl accuracy the ornount r8ceivoble. Evidence of enlitlement to a legacy exist5 when the Charity ho$ $ufFicient evidence thal a gift hos been left to them {through knowledge of the exislence of a valid will and the deoih of the benefoclor) and the executor is satislied thai the propety in question will not be required to solisfy cloims in the estate. Receipl of o legacy musi be recognised when il is probable thot il will be received and ihe fair value of the amount receivoble, which will generally be the expected cash amounl to be distributed lo the Charity,. can be reliobly measured. 34 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) A¢¢ountlng pollcles (continued) 2.3 Income {contlnued) Grants 0￿ included in the consolidoted statement of finoncial octivilies on o receivable basis. The l)olonce of incorne received for specific purposes, nol expended during the period, is shown in ihe relevont fund5 on the balance sheet. Where income is received in advance of entitlement of receipt, ils recognition is deferred and inclvded in creditors 05 deferred income. Where entitlement occurs belore income is received, Ihe income is occrued. Income lax recoverable in relation lo investment income is recognised at the time the inveslmenl income is receivable. Oiher income is recognised in ihe period in which it is receivable and to the exlent the goods hove been provided or on complelion of the 5eryice. Donated services or ilems are recognised when the Chority hos conlrol over the item, any condilions ass￿ iated with th8 donated item have been met, the receipt of economic benefit From the usè of ihe item is probabl8 and thot economic benefit con be meosured reliably. Donatsd fixed ossets ore included in income ot the estimated value of thè gift io ihe Charity when received, based on ihe omovnt thal the Charity would hove been prepared io pay For these services or facilities had il b88n required to purchase them, wilh o corresponding entry being copilolised in fixed ossels for the some amount. There were gifts in kind of £77,291 recorded this year12023: £31,625). 2.4 Expenditure Expenditure is recognised once there is o legol or constructive obligalion to transf8r economic benefii io o third poty, it is proboble that a Ironsfer of econornic benefits will be required in settlement and the amount of the obligotion con be meosured reliobly. Expenditure is classilied by activity. The costs of each activity are made up of the totol of direcl costs ond shored costs, including support costs involved in undertaking each octivity. Direct costs otlributable to a single octivity are allocaled directly to that oclivity. Shared c05t5 which contribute to more than one aclivity ond support costs which are not altribLrtable to o single aclivity are opportioned between ih05e octivities on o basis consislent with the use of resources. Central 51off costs are ollocoted on ihe bosis of lime spent, and depreciation chorges allocaied on the p)rtion of ihe assel's use. Expenditure on raising fund5 includes oll expenditure incurred by the Group to roise funds for its charitoble purposes and includes cos15 of all fundroising oclivities event5 and non. R?75,7221 thd IKW•fjD•lwy ¢*¢DA*fti.ootr1202J É141.394k IIw*w*e¢W P023. 39 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) 2024 X)29 •trk*d 1¢4Jl Qr NHSKir&&•%CCG NHSWd*kUCCG 33.038 103M 33.108 15K 33,108 8PAg0 15K 102JXXJ 1524A 08 55è 7A,3K) 248,882 88,55 J37￿38 ?55.T08 74.3 2023 TTuning Car•.dher Mcrthe C￿traI.￿h￿r I￿{￿n9 ccfi1￿v[ng Coreknds Red£pWenl el Int*￿ r￿e[ved 9.396 4.612 12,270 2d,401 551 338.477 543.069 22,988 4.270 587.135 377.015 T41fjl Cwts 2tr24 c￿Of rai%rg vdun*Jry Irrto F￿railIng thodro.. 1.581,861 385JS5 2,521.745 12e.017 260,936 2.394.838 681,227 3.276.1)65 Tgl4131 2024 4,655.647 1.142.163 5.Th70lQ Dir•d Cw•$ C￿* Talal¢oJts Costal n*sire irKonE fvrdraiyrvJ trdirq.. %4J and ohtrwgls Futh¥w*J trodin9.' •wnl$ 340.525 1,349.928 227.56P 1.918.022 454A34 1,349.928 311,Blg 2,116.181 84250 IQB.159 Cknbjbh ¢xiwlie>. wr¢ 2,009,346 729,735 2,739,Q81 Y•t4131 Mwth 2ffA3 3,P27.368 927.894 4.855.262 40 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEPIIENTS FOR THE YEAR ENDED 31 MARCH 2024 l¢ontlnued) 10 Ngfrr•lng r•SOur¢￿ for th• y•ar Ihh k shl•d aft•r ¢harglng. owned lan9lk4e Ilxed asi4$ Awftr's v•wn8rolion l•ts50s 134.W2 13,8(Ks 184.650 118.732 13.280 198,918 The b0￿d ol Trujtees &Jring the year svved on o vdmtory bosis ffjd receivd th•iF sqr¥ice5 k) the ¢omp]ny12023: n The ChtrKy i•Nn&r5ed nil P023'. nity Trustees loi eXP￿dI￿￿e In ordv For the Trwts95 to (knd wthgs. 12 ¢05ts and numbers 2024 sutrar.ies ats)d wages Id sex wtycosts 3.485.350 JOO,224 330,967 4,116,541 2,970,313 252,809 166.594 3.389,746 cl ethployeès wh¢M #ndumanls 0$ d8fintd For taxolton pwpxo5 omc4•)i•d tts over £60.000 in the year wus Number Nwnber £60,WF. £70,CQO £70,001 . £80.000 £80,(K)1 &90,000 TM¥ ￿FItsy￿ egmed bdww EOO,000. £70.CÉQ. on&d participated N) ihe PKple's Schwne wiih 5Yo wnployer eu)Ir&L*ths ond ¢ne employee Is In ihe NHS Pensky) Schane wtth ttDpl¢)y¥ ¢crfr5&rtty)s el 14.387.. employ¢¢ eorning m¢re thon £70,C(JO partktpaied In the P¥?les Pen$tC￿ scheme and c(*)IrtsLrttens wtte bas•d ￿ 5% makhhg. The averoge nwfftber d &yloyees during the year, and Ihfr averagecalcdthed ￿ the basis d K41 Ilne eqvlvol&*, was os X*24 Nvmbor N¥mb•r 62 18 42 13 135 Caie 47 16 33 15 G￿￿alK¥1. Charty ccwe G￿e[al￿- Tradkn9 C￿￿OIe S&vKe6 f nance, ￿, IT and E￿0* 14 19 150 107 Th8 hOsP￿ecr￿s[dwS iknai k8y management petscmnd ccffiprise th8 Trustees and th8 SEnu leadwship Team ISL Tl. the SIT is ￿￿the chid EX￿￿1Ve ond Ihree key DIr￿terS. The tolal ttnpliwe baidtts d the key mryrvjgernenl pe15￿nej dihe Gr(yJp wits £333.73212023 .. £334.9081 Ihe Px)ord d Truslees 1$ reSp￿sIble Icf deFining pay FdKy (md d&idiNJ cffi the d the CEO ond Dire£l¢rs. The Solari￿ of oll stoll otrc*s the tr.gunkuti¥) ore set cLrt ￿h1n o fermul bundl￿ Ivamev+txk vA)ue Fl) rdes have eyauloted usTrrg ihe CiwIs At 31 Mr￿h 2024 33.077 33.077 33,077 33,OT/ D•pMa￿1•n 31 MaKh 2023 Chorge >tgr Dispox715 AJ 31 Ma￿h 2024 l￿P￿a￿li0n AJ 31 Morch 2023 Cknr9e For th¢ ￿aT 133,0rn 133,0rn 133,0rn 133,0771 133,0771 33,0 Al 31 Morch 2024 33,0771 133,077) book val 31 Morch 2024 Not b••k valv• 31 M¢Kh 2Q24 31 mU￿h 2023 14 7•holbi• f￿•4 ASMIS 31 MoKh 2023 Ruswll •qvipmMi F¥rnllv Fr•¢hold i••wlwld fiX￿r*S •qvipn* ¥phid 31 M)r¢h 20?3 89,354 2,485.445 15.088 160,57P 2,516 179,233 120291 333,no IP4,697 4P.718 18,837 33.995 3,352,260 3$1,429 Al 31.Mat¢h 2024 2.$00,733 163,OPS 29*.524 528A33 88J55 33.QP5 3,703,68P At 31 ￿r¢h 2023 1519.P44 150.2471 114S.239) 1117,Q031 5,924 1222,5111 138,2911 138,2061 131.P741 11,074.8761 19.1*01 12,0211 1134,392) i*or J31 McKh 2024 1570. 1153.P51 142,928 260.801 33.99 1,20P,2 AJ 31 2Q24 e*,354 1,93Q.$43 P.144 247,631 41,153 2A94A21 JI 2023 89.354 1,965,702 111.225 31A12 2 021 2.277,384 ChqAIy fvmlly nd Fr••hold •hd l•hd {fM•hdd) knT*rmffl￿$ •qvipn*nl hi& Tolal a31 JM¢*¢h 2023 Jdikns 89.354 2A85,645 1S,088 162.267 116.371 273A36 178.02P 69.718 18,037 33,995 3,114A15 328,325 AJ 31 Morch 2624 BP,354 2500,733 278,638 451,465 88,$55 33.995 3A42,740 Al 31 Mtyth 2023 13IP,943) 150,217) 1104Ani 125.094 1185.3371 131,2641 138.204¥ 131,9741 1879,931 19.1961 12,0211 1117,844 At 31 N*tch X124 570,IQQI 1216,621 47 33.PP ?P7,776 31 MqKh 202A 89.354 1.930,543 -.14P 070 234,844 41,153 1444,964 J31 kn•¢ 151.669 i¢XJ,O Ico,0 1SIA70 I(￿.(￿￿) 100.o)I 10 g•¢k6 Grwp 2924 2023 2023 Finithd F¢ods ond wads kl 1•5oF• 17.132 15.707 1,5C 17 O•b 2023 epa￿8￿$ ¢md hccthe Tro&d*Jltyi Qher dei*LYi 32$.A30 51.912 284.435 393,962 270. 146 Sl,912 225.V21 393.962 29.830 649.613 413 499 702,848 324.5C 2024 202J 2023 s thyod thdert<*kng (BfLs loan Trod*er•akf$ cther crd*¥* Toxatkn ond ￿k)I Is and daored KKrAn* 5A.301 28.707 30.OCV l(D.128 29,837 79,078 83,120 323.063 30,CQO 101788 25,575 62,290 376,762 7,41S 64.261 26,191 64,459 21,929 52.829 347.074 505.909 371.693 Th• frc4n FMNV 7rad*rfJ Ikoied the Is on free knn fwhKh 15 r*tsyd4tr£¥J d•muDd. L$ l￿ft wo¥ Trodthg Lid lo whdty cwned SLè*ditsrydihe IhraFh Lloyds knk. £1S0.COO ¥￿5 Inkne 2020¢hd wweaplal <#)d ￿ere¥ fvee kn thefir￿ 72 ￿(￿h$'r*payQ1￿e￿ 72 morths thttoplal httlidayond kn1¢r￿ heÈpukdl. Ih Th￿￿hlY¢opIol i¢payTrénf ts £2.SW¢Jrd in1w￿ ts 2.03%+ ba*rdèPéT an￿￿. th￿a￿e the ikne ¥JHhin ts £JO.thJ. 19 Crnl*orsi 14711&ng du• on• y• ¢h•liy CWL: knsard LthÈr 10S.SOQ 135.500 68,000 CE41$ iwjn In FMNT TKKliry Lkl la the iws An unFJvni¢f £150.QOQ sknkÉTh¢Jvl in JU￿ 2020 wos Copi￿1 inte￿￿ kr th& first 12 I￿￿S.￿pay0bk cvèr 72 rronth$160 the (a in￿re4 Irtt ThÈ ffonthly copi￿1 f*FQyTr*Thl is £2,500 in￿r+￿ 1$ 2.Q3?ty+ ba* ra￿ Fevannvfft ov￿￿1r9 kkJrKe cl c￿16 ai >wrerKI wos t67,50012023.. t97.5001, hlirq dve wru• thun ￿lS£37.50￿. IF* ¢1o1ty ttcehtd *Jn £6È.QQO k7h*r&•O wkh under 43 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 {contlnued) DeFwréd ￿00t l 2023 Rdqa58d trcffj F*WOXyWJFS Da8￿ed kn tkigcwwl y￿r 261,835 1261.834 25.799 P5.799 292,e09 1292,0691 9.070 Dkned 31 Iknrth 2￿￿4 9.070 Dkned l Awl 2022 134,857 lj34,857i 201,835 134.857 1134,8S 292.Q69 ￿d￿Sed frun ye 4.435 25.799 Ddwrd ol 31 2¢)23 4435 25,799 292.C*>9 21 Gmvp Fwm 3331,447 4,768.en 14,ni,9241 3,428,395 P•*trfd•d MedKoI EguipDxnl TO.361 Z285 24.867 112,6461 124,86 160.58• 167.011 11.9591 1880761 15.0001 194.487 IIP,804i 1551,849) t>¢£￿[￿n￿mI RélueoiahThx t4&thm 5 Refu￿￿￿￿￿1 IED I￿ahhr￿ 66.563 08,413 1.400 1.959 88.876 YJD Ldhry- H¢0t4 Y E￿￿y•l￿ Dh*vwty in thre s er¥Abrd.CF•knn's Granl Ih* Tw&. copikd G￿¢￿& PKixl Equymert in bpdrceTh 94A87 19,804 551.04Q loo.000 100.000 14.742 t782 *Joo 3.000 114.741 12.781 19.500i 13,000) 12788) 15.0OCI 19.8371 114,739 114,n7i 113,4001 12.0001 EMDA 5,000 PM37 14,n5 37*50 13A 2,QKt 77,291 22,923 I pktyTr>￿ Gths ITr KITr 778,903 1.102,686 124.323 DesyrK*d 177,QOQ) 77,000 Tol•l Fvnd• 3,533,350 S,877.178 5.797,81Q 3,552,718 134insl i•ss•s ¢•rA•d l￿W￿ra Fu#ds- ¢urvw* y•or v•sovrf•s 3A31,447 178,P03 177,OQOI 3,533,3 4.768,8n 1,048.306 14:771,P241 11.102.8861 77.0fr? 15,797,810) 3,428.395 124.323 It•shld•d fvn& D•slgnahd 5.617,178 3.552.718 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 21. Group Funds (continued) We received further copitol gronls for medical eqvipmeni of £2,285 ond the reslricled funds OF £12.646 wos oll SFenl on essential equipment. Gronl amounts of £24,867 were received for family activities and oll spent during the yeor. Gionts carried forward of £66,583 For decorolion and refurbishment was all spent during the year For the decoration ond other essential refurbishment works planned. We received numerov5 grc¥nts towards the conversation of our store room into an additional bedroorn (Bedroom 51 during the yeor and there is £1,400 corried forward for further essential work. The grant For LED lighting carried forward £1,959 was oll spent during the year. We received o grant from WgkeFigld CCG of £88,876 for molernal mental health services which hos oll been $penl during the year on care and family services costs. Dvring fhe year we received £5,000 loward3 our SUDIC service which has all bean spent during Ihe year. We roceived o grani from The Lottery of £94.487 for 'Heor A You, which hos all been spent during the year. We received 3 grants trotalling £19,804 lowords improving equolity ond diversity in h05pice core whid) hos oll been spent during Ihe year within pay ¢osls. The NHS England onnual grant of £551,849 is for ¢hildren'5 polliolive care costs and wos oll spenl on octivilies during the year. We carried knord a gronl of £IOO,000 from The Brook Choritable Tru51 this yeor, restricted for capitsl improvemgnts ot Russell House. Thi$ has not been speni during the yeor ond will be corried forward lowords Car pork works in 2024/25. We received numerous granls For our 9ardgn projed of £14,742 which was all spent during Ihg yeor. There were numerous grants for sensory equipment and air condilioning all spenl dvring the yeai. There were nurner￿s gronls for Iheropy services such 0$ mu$1¢ iheropyi memory rnaking and EMDR oll spenl during the year. We received £9,837 for care learnin9 ond development which was oll SFJenl during thg yoar. We received o gronl ol £14.735 b lund poy costs in our fomily $eryi¢es tgom which wos all spent during Ihe year. Dvring the year we received a grant of £37,650 b build our garden counselling room. We spenl £14,727 durin9 the year ond carried ¢)ver £22,923 as Ihe work wos completed in June 2024. We received o grant of £13,400 for our soft ploy room which was all spent dvring the year. We ￿e1Ved a grant of £2,000 during Ihe year For ovr colour njn painl packs, which was all spenl during the yeor. During the year, we received various 9ift3 in kind of £77,291 reslricted for sp8cific purposes and os such all spent during Ihe yeor. Truslees agreed lo designule a Fund OF £77,000 for th8 impocl of the cosk4-living crisi5 during ihe lost finonciol yeor lowords Ihe chollenges this might bring in 23/24, Specifically around recruiting and retaining care 51aff. The designated fund 15 hJlly Spent Ihis yeor. 45 THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (¢ontlnued) n¥Mry ￿fv￿al wrr•nl y••r G•lns/ Apri121VJ3 Ino)mtr 2024 3A31A47 4,708rn72 178.903 ip4¥206 77mQl 3.SW50 5￿17.178 14.771.V141 11.I(YJA861 77,000 {5,797,810) 8A9S 124x23 D¢¥3nll￿d lfftds 4352.718 SvnTMry 4fvn4¥ PA*r￿ar 31 2023 Apny 2Q22 1105*4 G¢nenl I￿5 R¢str*knl I￿5 fu￿$ 3,254,745 PO.3L£ 4, 113,243 921.233 13.930,564 1841,JP4 11,P74J 3.431,447 178,903 177.¢7ooJ 3.533.350 3,J51,090 5.039,490 14.855.261 fwKIs 2,1?A.421 151,669 1,210,8&8 1323,Ck53i 2,494,421 151,069 ,335,191 1323,063i l277.38d IOD,*XO 1.709,978 1597,014 135, 32Y.447 2.277.394 l(K). 1,898,881 1597A151 13SJOC4 3.533 350 Investmenl 124J23 17B.903 Qwreré Ih7blh Credo¢rs umGnls fdlkn9 (kn afv¥ m¢%• Ihon ￿eyear Nd 058*1 3,428,395 121323 3,552.716 178,9< 24 R•WndhU￿M d nel t• nfrt ¢•sh ll￿from•p•ratrIfi9 a(￿¥•1￿• 24 Fnrs Msh pv•vid•d by oper￿}￿9 adiYbh•s 25 Anqlysli of M$h and