forget .Athlii me not "Itsrt childrens hospice tIX THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED (a company Ilmlfed by guarantee) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company registraffon number: 05481614 Charlty number 1110457
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED CONTENTS Page Report of the Trustees 1-27 Report of the Independent Auditor's Consolidated statement of financial activities Consofidated and charfty balance sheet Consolidated statement of cash flows 28-31 32 33 Note5 to the consolidated finoncial staternents 35-50
THE FORGET ME NOT CHILDREN'S HOSPICE UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Report of the Tru$te•s The Trustees present their annual report together with the audited financial statements of the Forget Me Not Children'5 Hospice Limited for the year ended 31 March 2025. The Annual report serve5 the purposes of both a TnJstees' report and a directors, report under company law. The TTUStees confirm that the Annuol report and finoncial statements of the charitable company comply with the current statutory requirements. the requirements of the charitable companvs goveming document ond the provisions of the Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance wth the Financial Reporling Slandard applicable in the UK and Republic of Irelond (FRS102) {effective l January 2019) as amended by Update Bulletin l (effective January 2019). Since the group and the Charity qualrfy as small undersection 383 of the Companies Act 2006. the Group strategic report required of medium and large companies under the Companies Act 2006 (strategic Report and Directors, Report) Regulations 2013 has been omitted. The Charity's objects are Specifically restricted to the following: The sUPPOrt and relief of chi7dren resident in fhe United Kingdom with extraordinory medical needs and Iheir families in porticular, buf not exclusively. by the provision ofchHdren's hospice seryices. communitybased Ch1*able seNices and such other means as the fnjstees shall from time to time determine. These oblectives are fulfilled through the delivery of holistic core and support for families In the community, at our purpose-built hosplce - Russell House and in families homes through our hospice ot home seNice. Public benefit and eli criteria The Twstees confirm that they have referred to the guidance contained in the Chaiity Commission's general guidance on public benefit when reviewing the Charity's oims and objectives and in planning future activities. Forget Me Not Children's Hospice cares for children with life shortening conditions and Iheir families. Public benefit is derived by the free provision of holistic polliative and end ol life core services. together wtth associated bereovement support offered to the whole fomily. Every day we have more families who come lo us forhelp. We know that there are mony more local families that would benefit from the support we provide. and it is our oim to Teach as many of the familie5 most in need within the funds we have available. To enable this. we continue to review our servlces to ensure we are targeting our efforts where they are most needed. In setting objectives ond planning for activities, the Trustees have given due conslderalion to generol guidance published by the Chority Commission relating to public benefit. including the guidance 'Public benefit: running o chority (P82J'.
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnued) Objecllves and actlvltlei Slrategles tor achlevlng obJecllv•$ We started out the year with a plaii to conclude the final year of our froilblazer Strategy wlh o key priorities., l. Contlnue to adapt and evolve our services to best support the wide and increasingly complex challenges that children and famifies who access ovr services face doity. Building on our success so far. using our pioneering and trailblazing approaches to find new. cost-effective ways to reach and support more people. 2. Continue to find ways to strengthen our future financial sustainability. ensuring that OLK model is 'fit for the future, through a mixture of an improved and more approprtate slatutory funding model. growlh ol existing income streams and commercial diversification. In addition to the above. We had set key objective5 as part of a new Finance and Resilience strategy for 24125 to 29130. These objectNes were: To ensure our model of care is the most C05t-effective way of supporting more people wlth increasingly complex needs both now and In the future. To improve resilience of our systems, facilities. infrastructure and resources to enhance productivity. To demonstrate value for money by challenging the way we work. To bvild our reserves to make sure that we have enough money for now and In the futvre The start of this financial year also saw us launch the prfvate phase of a capital oppeal intended to enable the much-needed future expanOn of spoce at Russell House. The fi1 holf of the year proved challenging wlth the charity facing a 'perfect slorm, of continually increasing costs (including announcements from the govemment of increases to employers, national insurance payments), an increasingly chollenging fvndroising and retail climote (exacerbated by a cost-of-living crisis and a volatile economy) and an uncertain statutory funding p051tion reloting to funding previovsly known as the National Children's Hospice Grant. We were not alone in this challenge. with the hospice sector nationally reporting a funding crisis. and the worse financial oullook seen in over 20 yeors. A full reforecast wa5 conducted at the half year point, which indicated that by year end. the charity would be facing o significont shortfall. At this stoge. the Trustees and Senior Leadership Teom ISLTI conducted on options appraisol. supported by West Yorkshire Integraled Care Board {WY ICBI and made a series of decisions which would 5tabilise the rinoncial outlooL reducing in-year imF)act to protect reseNes and ultimately protecling Ihe future of the charity. In November 2024. Ihe followng octions were token,, A plon to reduce the overheads of the charity by £750K. This included a reduction of colleague numbers across various functions within the charity. The lovnch of an urgent appeol to help flll the funding gop whlch was being faced. The re-design of our care ond fomily support models to ensure that we could continue to provide vitol services to families within the constraints of financial pressures Impacting the charity and the sector. Increased national, regional and local campaigning (including extensive media coveroge) to highlight the chollenges facing our hospice ond the sector.
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPOR T OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {contlnu•d) Objecllvej and aclmlles {¢onllnved) Slralegle$ for achl•vlng objecllves (conttnued) By the end of the flnancial year. these corrective actions had been instrumental in turning around and sfabilising the financial position of the charity. The urgent appeal generated £400.708 in donations and increased the commilment from supporters to fundroise in the year ahead. The cost saving programme has been effective. so far resulting in recurrent. annualised savings of 7% Icirca £450.000) and we continue to look ot other ways of reducing cosls through both direct and non-direct actions including Ihe use of systems to automate tasks and increase productivity. procurement reviews and a rolling review of structures as vacancies arise, WY ICB also provided additional (non-recurTentl in-year support of £300.CM)O which helped to miligate the octions needed to reduce costs. The work to re-design the care and family support offer for families (which was already underway) was accelerated in response to these challenges to ensure optimum seNice efficiency and value moving forword. Throughout this challenging period. support for familie5 remained largely uninterTUPted. ond we hove not removed or stopped any of our services. Unfortunately, we have had to reduce the number of short breaks that we con offer to families. and in the year ahead. a new process for allocatlng short breaks will be launched alongslde ofher changes to our osse55ment process and seNice offers. Positive and constructive dialogue between the WY ICB and the West Yorkshire Hospice Collaborative IWYHCI has continued, resulting in on increase in recurrent statutory funding in 24125. and a commilment to move lo a more sustainable and equitable fundlng model moving foward Notional support through the funding scheme fomially known as the 'national children's hosplce grant, was owarded again {wlth a small increase) for 25126 after an extensive period of national lobbying. although the future of this funding c(HTently remains vncertain once again. Our Russell House capital appeal has been ploced on hold. There was no money raised: however. we hod received a few early pledges of support. Whllst we sfill recognise o pressing need to create more space to meet the increasing and evolving needs of our community, as well as increasing demand - we mvst remain focussed on ensuring the sustainability of our existing model before progressing Ihis ambition. We wrll continue to explore the feasibility of this expansion alongside ongoing diologue on the commissioning of future services with WY IC8 and our local authorities. On 19 December 2024. Department of Health and Social Care {DHSCJ Ministers announced that the Government was supporting the hospice sector with a £1 00 million capital funding boost for adult and children's hospices in England. for 24125 and 25126, to ensure they have the best physical environmenl for core. This funding is administered to hospices via Hospice UK and is to support charitable hospices to improve or maintain their physical estate. which will help hospices this financial yeor and next to provide the best end of life core to patients and their families in a supportive and dignified physical environment. This funding will help support hospices and deliver much needed lunding for improvements including refurbishments. overtiauling IT systems and improving facilitie5 for patienls and visitors. The £1 OOM has been split wth £25M allocated to hospices this financial year. and £75M allocated to 25126 finoncial year. In conclusion. 24125 was a challenging year for the charity- and lor Ihe sector. On refi8Cting on priorities from the stort of the year. in-year aclion was aligned to these prlorities, olbeit with changes accelerated in response to the challenges faced. We must remoin extremely caullous, os this year we benefitted from one-off income that we cannot repeat Iurgent Appeal) or secure again (One off WY ICB suslainabli ity grant) in the future. Therefore, the surplus position this year must be used to build ourreserves so that we remain stable ond resllient when faced with financlal chaNenges in the futLKe.
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnued) ObJecHves and acllvlHes (conllnued) Slrotegles lor a¢hlevlng obJecflv•s (contlnu•d) We must remain pioneerfng and courageous in seeking ways lo collaborate and create efficiencies to reduce our future cost base. as well as grow our income and reach in a managed vffjy. The fulure direction of the charity will focus heavi on pvhing finances on a firmer footing, ensuring that we can be here to provide vital care and support for children and families. today. lomorrow ond in the future. Care Services - a review of the yeor This year we have seen integrated core in action and strengthened support for familie5. This morked a significant slep forward in ourcommitment to delivering holistic. fomily<enlred care. At the heart of this progress was the review of OLf care model. tlyough meaningful engagement with bolh lamilies and staff. The new model (which will be rolled out in the year aheadl tsing5 together clinical and fami Supp under a single. integrated framework. ensuring that care is not only medically sound but also emotionally and practically supportive. A key innovation wos the introductlon of Family Link Worker5, WIK) now play a vilal role In guiding families through often complex systems. These dedicated profe55ionols help tailor 5UPPOrt lo each family's unique clrcumstances. en5vring that no one feels lost or oveDNhelmed during their care jowiey. We also started to expand our volvnteer-supported care, by taking steps to increase our volunteer copaclty to deliver seNices bolh at Russell House and wlthin the wider community. Volunteers will become an essential part of ourcare and support System. offering practical help and emotional SUppC that enhances the overall experience f<x families. The Volunteer to Career progromme, funded by Hosplce UK has allowed us to design and implement stwctured, meaningful career pathways for volunteers. porticularly in clinical and care roles. Volunleers will now be suppt)rted through immersive exp]enCeS that align with workfcKce needs. includlng routes into nursing associale roles and other healthcare careers. We ore proud to have exlended our impacl in terms of equlty and reach through continued success in reoching ethnically diverse communities. ond we remain confident that ourservices ore inclusive. accessible. and representative of the populotions we serve. Thls commitment to equity is centftjl to our nNssion and informs every aspect of our service delivery. In portnership with Martin House Children'5 Hospice and the West Yorkshire Integrated Care Board {ICBI. we piloted an out of hours telephone advtce line. This initiative extended our reach to families who not cwenttry be receiving polliative care. offering them timely support and guidance when they need it mosl. This year also embraced strategic partnerships and research in building our future and saw the launch of a Knowledge Transfer Partnership with the University of Hvddersfield. a milestone in our jowney toward becoming a research-informed organisation. Thi5 Collabction is akeacty supporting strategic developmenl through the evenlual creation of a new blueprint for Ihe future of FMN ond will atso help us to embed evidence-based practice across all oreas of care. We continued to invest in the fulure of our workforce through the Tralnee Nurse Associate Nurse Degree Apprenticeship ond ANP development programmes. These inittatives ore not only building internal capacity but otso nurturing the nexl generotk)n of compassionate. skild professionals. Poster presentations al conferences (local. nationally and intemolionallyl and vrfinning awards. specifically in perinatal care. has helped to raise our national profile and credibifity within the sector. These octivities have helped secwe funding and influence policy discussions. while also improving inlemol learnlng ond servlce quality.
THE FORGET ME NOT CHILDREN'S HOSPICE UMITED
REPORT OF THE TRUSTEES FOR THE YEAR E14DED 31 MARCH 2025 (Gontlnu•d)
Objecllves and actlvltles {contJnued)
Revlew ol actlvllles (contlnued)
Core Services - a review of the year (continuedj
Additionally. they've sparked momentum for research ond evaluatlon, reinforcing the
organlsation's leadershlp in compossionole, evKJence-based palliative care.
We strengthened our case for svpport by recognlslng the importance of demonstrating o
impact and volue, ond we placed a renewed focus on improving our data Systems. This wo
is enabling us to better capture and communicate the impact of our services, parlicularty in
conversation5 With 5talutory funder5. By aligning data collection with our strategic goals. we
are ensuring that our outcomes are visible. measurable. and meaningful.
We value transporency and therefore wont to help donors ond funders understand more
about how their support makes a difference to our children and fomilies across all communltFes
in West Yorkshire,.
Our year in
numbers
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THE FORGET ME NOT CHILDREN'S HOSPICE UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) ObJecllv•s and ocllvllles (conllnved) Revlew of aclmffej (conflnued) Income Generation - a review of the year {continuedJ Total Income £6,822,294 - splil 2025 6% 8% 22% Donatlons 1% Gronts * Le8acles • Shops Lotterv Fundra1$8 events 1 14% Non Recurrent Income from charltable arthrtttes Recurrent Iorne11• charltable 8(tfvitl¢s . Other Inwme 31%. Total Incorne £5,819,200- split 2024 J9% Lk)natlons 1% 5% Grants Legacles Shops * Lotterv iJ6% • Fundralsln8 events Non Rtturrert Income from <harltable actrdiiies Rerunent Income Irom harltable actmtles Other Income 33%_ 7% Total fundraising income thls year, mode up of donations. grants and legacies was £3,129.601 {2024: £2.428.7351. This increase reflects the positive impact of the urgent appeal and a record year in legacy income. Donations this year of £1.495.587 {2024: £1.090,735) are ohead of the prior year. This 15 largely due to the urgent appeal which launched in December 2024 and closed 31 March 2025. raising £400,708. Total grant income of £943.12012024: £906.502) was received. This includes the govemment capilal grant of £75,232. We received just 8.3Y IOr year 9.5%) of total income from The Children's Hospice Fundlng {funding previously known as the Children's Palllotive Care Grant).
THE FORGET ME NOT CHILDREN'S HOSPICE UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 20251contlnued) ObJecllve$ and aclmllej {contlnved) Revlew ol aclmffes (conllnved) Income Generation - o review of the year We received legacies of £690.895 (2024: £431.499 and 2023: £275.7221. This includes legacy occruals at yeor end of £189, 7 51 (2024: £7,0). OLX Legacy income this year is the highest we have ever received in one year. In Tradlng, we have seen onother strong Income performance seeing shop sales increase by 9.6%. Trading income In total increosed to £l131.11812024: £1.944,350) as we hod a full year of Irading in our Wakefield store ond Implemented inttlalives to b005t shop soles across the retail estate. Income from charity lottery has increased by 3.7% (due lo the positive impact of our lottery growth campaign aclivity in 2024) and generated income of £332.632 {2024: £320.859). Unfortunately, dve to resource constroints experienced by the extemal canvasslng ogency in 2024 we coukl not wn our canvassing campaign for most of this financial yeor, meaning that the player base has now grown as antlcipated during thts period Fundraising events income has decreased this year to £181,951 (2024: £198,660). Thts is due to the special event ball being biennial ond wlll be next held in the 25126 financial year. Income from charitable acllvities during the yeor was £650.92712024: £337,438). Our charitable income has increosed In 2025 due lo non-recuThent support received from West Yorkshire Integrated Care Board IICBI of £300.000. In oddition. thls year for the fwst Ilme we received recuffent funding of £192,000 which has increased to 8% {2024." 1 %) of total income as a result the commitment of WY ICB (through dialogue with the West Yorkshire Hospice Collaborative) to work towards o more sustoinable funding model for hospices Iprevlous funding prior to 2024 was a non-reCUent grant of £200,000). Tolal public sector recuffent funding increased to 11 .9% of total income. Thls year we were successful with pilot projects funded by local NHS provKJers. West Yorkshire ICB funded an Out of Hours telephone advlce line totaifing £59,088 from October 2024 to March 2025 and NHS Greater Manchester funded speclalisl Out of Hours support of £30,240 from October 224 to September 20251£15.120 this financlol yecrj. Other income this year of £395.310 (2024: £587,135) has decreosed, lorgely dve to continuing care Income decreasing to £332.5CIJ (2024: £543.669). In the prior year, we had ongoing long- term placements. whereas this was not the case this year. Follcwing an aword in the previous financial yeor. recognising our community capacity building work- particuloty within South Asian communitie5, this has continued to grow through the development of relatlonships with key influencers across the community. People ond Re50urces- a review of the year Some of the plans we set oul to achleve this year have been delayed due to our change process that drew on Ihe capaclty of our small Hvman Resources team. However, despite the challenges huge progress has still been made dLwing the year. and we hove strategies in place to take hold of and embed into next year. We started working on developing our, Forget Me Not Way, culture and drafted on intranet employee handbook for ovr employees as o single SOLrce of truth; this incorporales our core values, ovr People Promise, our Leadership trails. our commitment fo Eqvalify. Diversity and Inclusion IED&I) ond how we work at Forget Me Nol.
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 20251contlnued) ObJe¢ffv•s and acffvme¥ (contlnued) Revlew of a¢llvNles (conllnued} People and Resources- a review of the year (continued We have created an overarching People Statement, and this encompasses both our employees and volunteers. Within this, we have built our People strategies (an Employee Strategy and a Volunteer Slrategyl ond each strategy is supported by plans whlch we will embed over the next 3 yeors. The plans of our Employee People Strategy are focvssed on: Altract and Retain Growth and Development Diversity and Befonging Wellbeing and Reslllence The plans of our Volunteer People Stralegy ore focussed on: Attract and Retain Tools and Resources Inclusive and Enjoyable Fit for the Future We have kept OLY 'People Promise, olive: Allra¢tr. We introduced an inclusive recwitment strategy and have worked with recruiting managers to create a suite of values and competency-based intwiew questions, more options around interview techniques to create consistency around the process. A huge amount of improvement has been made In our Trading team Al Your Slde; We continue to focus on mental, physicol. emotional and financlal wellbeing offering resilience sessions, occess to ovr Employee Assistance Programme, additional trainlng on stress in the workplace, neurodiversity in the WOF*place and sexual harassment in the wCpkICe. In addition. we embrace flexible working and do our best to accommodate these requests. During the year we introduced improved benefits, Including pension contiibutions through salary exchange and an additional day's holiday for bthdaYS. Aldlng Gyowlh: Continued to Invest in growlh and developrnent of our people through the apprenticeship levy. This year we ore supporting seven people to achieve formal quafification5 relevanl to their roles which range from Level 3 to Level 7 os well as growing our own nurse5. All employees, managers and leaders have been trained on 'Speaking Up, Listening Up and Acting Up, at the opproprlale level and there is guidance and support availoble to all employees. Advoca¢y: Considering the challenging year we have had we are proud to see high staff sotisfaction rate thls year of 80% even ttiough this is slightly lower than Ihe prior year of 84%. This is based on the percentage of staff who would recommend a frlend to work at Forget Me Not. The strength and power of advocacy has been demonstrated perfectly this year with colleagues. volunteers and supporters standing by us, helping to ampffty our messages as we foced challenging times. We have ensured that equality. diversity and inclusion run throughoul all our organisatlonal strategies and continue to measure our performance against targets through staff and volunteer ED&1 surveys, new starters and inclusive recruitment practices. We continued to engage across wider teams embracing our distributed leadership approach through numerous 'task force, groups successfully re501ving organisational challenges and
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) ObJ•cllve$ and acllvlNes (conllnu•d) Revlew ol actlvlffe$ (contlnued) People and Resources- a review of the yeor (continued working together to make a real impoct in maklng decisions. solving problems and moving projects and strofegies forword. We believe in recognising and celebrating the hard work and dedication of our workforce. We shore our gratitude through sending informal thank you nominations to each other on our HR system. the Senior management teom nominate individuals for recognition every quarter who receive a personal thank you cord, and we celebrate length of service rnileslones with per50nalised cords Irom our CEO. badges and certificates at our onnual oll team away doy. We're incredibly proud to share thol our midwife has been honoured with two prestigious awards: the Excellence in Infant Feeding Education Award for her pioneering work on Lactotion After L05s. and the SOFf UK Outstanding Compassionate Care Award. These occolade5 recognise her exceptional dedicalion. empathy. and expertlse in supporting families throvgh some of their m05t vulnerable momenls. Momentum hos continued in enhancing systems and automating processes to improve efficiencies and sustoin the volume of workflow, ensuring compliance and excellent govemance is in place. We introduced a new volunteer system whlch has substantlol enhanced the whole volunteer experlence. We introduced a new risk management system which h05 Streamlined and automated our incident reporting process and risk manogement process. We continued to use further aulomation of processes. such as movlng our expenses process to our HR system and using our care rota system to produce automated payroll information. We launched our new supporter database In ndraising thls year. creoling substantial efficiencies and resilience being cloud based and Al (Artificlol Intelligence) compatlble. We hove fully reviewed our IT support and services this yeor. worknng in collaborolion wilh The Kirkwood and did a substantial amount of work to transition our IT support desk to a new provider os from April 2025. We have olso trialled and tested CoPilot amongst the Senlor Leadership Team with full buy In and support to introduce lo o select wider team. Our priority this year has been around the efficiencies and resilience of our buildings equipment. Systems and resources lo ensure Ihal we are fit for the future. We have invested and will continue to invest in our care aclivity data to ensure it is robust and reliable. our systems are fil for purpose and thal we embrace emerging technology. Govemonce- a review of the year The board continue lo drive a culture of continual improvement through the board effectiveness and review program which includes an annual review of both the moin bo(ffd ond each trustee sub-committee and an appraisol of each trustee. This approoch continues lo work well and promotes a good ftow of conversation and challenge. Meetings during the year have been held bolh in person and online. and trustees are encouraged and sUPPOrted to interact with colleagues across the organisation oulside of this. Govemonce - a review of the year (continuedj Regular Iru5tee Induction and deep-dive sesslons have continued, allowlng new and extsllng trustees the opportunity to learn more about different parts of the organlsation. Some trustees have olso spent o 'day in care, during this year which hos been invaluable in helping them to get closer to the work that we do, Trustees continue to support in other ways like attendlng events ot Russell House and in the communty.
THE FORGEf ME NOT CHILDREN'S HOSPICE UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnuèd) ObJecNve$ and actMtle$ (conllnved) R•vlew of acllvlmes (conffnved} Governonce- a review of the yeor We have continued to evolve our Governance and Assurance Framework, encompasslng all areas of the organisation. This is a working document that includes oll regulatlons that we must comply with and how we can demonstrate or evidence complionce, providing ossvronce to the board. In addition. this year we introdvced our Integrated Governance Framework which incorporates our clinical governance and ovr corporate governance Into one slreamlined doc.ument. Risks across the organisotion are revlewed on an ongoing basis by SMT ond SLT. Rlsks ore escolated to trustee sub-committees and the main board depending on their risk score. Risks are discussed at every trustee meeting. In 24/25 we conlinued to revlew the Skills mix amongst our tnjstees to ensure that all of the skills required to form an effective board were covered. This is done using a structured skills matthA ond audit and the same tool is used dLrfng trustee recwitment. Our trustee board was strengthened durfng the year through the recwrfment of new trustees into our Cllnicol Govemance, Audit Finonce and Risk. ond Trading svb-commlttees. In the year ahead. we will add further skills to the charity by introducing and actively recruiting to the volunteer role of Independent Advi50r. This role allows us to recruit new volunteers with Specific skills to help svpport the cuent direction of the charity, inpvt into specific projects and create svccession should opportunities arise to become a Trustee or Trading Director in the future. Clinical Govemance - a review of the year A robusl and well embedded clinical govemance process has been Sn place for several years. This includes a comblned Quality and Assurance meeting encompassing. safeguardlng, medicines monagement, Incident manogement, infectlon prevention and control. education and research and clinical audit. and feeds into the Irustee led clinical governance committee. We olso have a system by which we can enswe all staff hove acce5S to all clinical policies and must slgn to say they have read and understood new policies or changes to existing ones. We have continued to work with the regulolor, The Core Quality Comm1s5ion ICQCI fo ensure we are meeting the CQC domains of safe. effective, responsive. caring and well-led care ond working within the new ossessment framewo. We were extremely proud to have recelved a maintained Outstandlng rating from the CQC in Janvary 2024 which we carried into this financiol year. Our Clinlcal Audit Schedule is revlewed on an annual basis and confirmed by the Clinical Govemance Committee. ensuring that we continuolly locus our audits on the areas thal we need to continuously improve. io
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {contlnu•d) Plans for future perlods The year ahead will see us refresh our organisationol strategy. Our strolegy wrll be built on 4 key strategic pillars.. We wlll strengthen OLf foundations. allowing us to thrive and built on the strength of our people and the power of dato. We wrll continue to provide exemplary. perSOrlIsed care and support to children and families who need our help today. tomorrow and in Ihe future. We wll increase our financial sustainability and resilience by pulling the charity on a firmer financiol footing so that our future is truly protected. We will enSLre that our facilities and infraslructure (ye resifient and fft for the future. Each of the above pillars will consist of a clear set of goals which will guide the direction of Ihe organisation fcy the nexrt thee yea. To deliver these goals. we will develop and implement a series of tactic5 and inilialives. and we v1[ monitor and review the effectiveness of our new strategy through a series of robust ovtcome and KPI focu5sed measures. Alongside this new strategy. we will work with the Unprfetsity of Huddersfield through a KnovAedge Transfer Partnership to create a 'bluepnt, for the future- looking beyond the next three years to understand how the organisation wlll need to evolve to remain 5UStalnable ond to best support families in the future. We will continue to focu5 on the embedding of changes made in the prior year including the implementation of new holistic 055essment framework, link worker opproach. new short breaks model and new model of care and support for fomilies. All these changes are designed to ensure optimum return on funds generated and the best possible ovtcomes for chddren and lamilies. Dialogue wth ICB'S and local ovthorities will continue os will our advocacy and campoignlng for a better, more sustainable recuffent funding model to sustain our core and specialist hosplce services. We will continue to focus on building our reserves. extending our reach. growng and dlversitying our income (trading and commercial growlh is fijnded through the Key Fund loan and grant). and plan to complete copilal wcrfks and projects using our allocaled amount of £225.696 in 25/26 frorn the govemment capital gront to enhance our building. IT equipment and systems improving our organisalionol resilience. We will continue to embed our Values and make bring them to life: Carfng: We are one team and will atways be kind. considerate and svpportive. Covrageovs: Together we have the strength and ConfenCe to make brave chorces. Posllive: We are passionate about making a difference and being Ihe best. we can be. Ploneerlng: We challenge the status quo to make things betleT for children and families. Genulne: We are Irue to ourselves ond others. C(yre Services- Looking ahead Looklng ahead. the coming year presents o pivotal opportunity to deepen the Impact of our Core Strategy and bring our vision for inclvsive, family-centred support to rite. We will continue to embed the tlered Model of Care across oll servlces, ensuring it is fully aligned with workforce capoblllties and service delivery pathways. A strong focus wlll be placed on mea5vring outcomes and demonstrating impact. ensuring that ovr work remains evidence-based and responsive. The transformation of ovr Short Breaks offer wfll be fully reafised. with equitable access, transparent govemance. and family-led planning ot its core. li
THE FORGET ME NOT CHILDREN'S H08PICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnued) Plans for firfure p•rlods {conllnu•d) Care Services- Looking ahead (continuedl We will strengthen our workforce throvgh targeted plannlng, role redesign, and svccession strategies, while also expanding our volunteer base to enhance the famlly experience. Cross- sector collaboration wlll be a key driver of innovation ond integration, supported by a shored learnlng framework that promotes continuous education across our neork. The 'Link Worker, model will further support famllles to access hollstic, toilored svpport which will include navigation and Signpolng. The development of our Systmone roodmap wll enable more effective digital coordination. increased efficiency and data captLKe. Underpinning all of this wlll be a robust governance framework thot ensures we meet and exceed regulatory expectations. porticularly in preparolion for future CQC inspections. Thls year. we ore focused not only on delivering vital seNrces to chlldren and families, but also on building the infrastruclvre. partnerships. and CUlte that will sustain and grow our impacl for years to come. Income generation - looking oheod In fundraising. we will contlnue lo rollout growth plans that underpin the areos already identified as having opportunitie5 to grow aligned to OLK Strategy. Our key strategic aim of growing income from regular, reliable income streams wtll continue in Ihe year ahead. One of Ihe biggest strategic focvses is growing our Income from gifts in Wills. We are invesllng in our Legacy wogramme inlernally. upgrarfing ovr Free Wllls offer. creating new materials ond face- to-face events to engage supporters. as well as participating in o multi-yeor national campaign run by Hospice UK to Increase legacy owareness. Growlh is budgeted across all income streams and will be achieved through a combination of organic and targeted growth stralegies. Investment in fundraising will be carefully controlled and gradual with robust ROI calculations applied. In 24/25, we invested In the implementation of a new supporter datobase which went live l sl Aprll 2025. This will allow us to better steword and communicale supporters and lay foundations for significantly increaslng the size of our supporter base over the next &yeors. In Retoil. we wll continue to strengthen profit generoted by our existing shop pcrtfofio by optimising efficiency and productivity and maxlmising Ihe return from sales of donated goods. We will also pwsue growth plons to extend our retail estate. We anticipote that this wlll include the acquisition and opening of up to three new retoil locations in 25126. In the year ohead. we wtll also refresh our retail strategy to align with the new organlsational strategy, this will form the direction of travel for retail over the next three years. We will also contlnue ow income diversificatlon joumey Ihrough the rollout of new commercial concepts that will form the starting point of o new income stream through a newly formed. second trading subsidiary. This diversification is vital whilst we conlinue to navigale the uncertalnty of statutory funding for Children's Hospice services. In support of all the above, we will continue to dellver our Marketlng, Communicatlons ond Engagement strategy using key channels like our new website. Investment into our social media platforms, Ihe promotion of an advocacy-based approach and growng our supporter base. 12
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnued) Plan$ for luture perfods (conllnued) Income genenjtion - looking oheod (continuedj This yeor. we also started to implement a new commercial strategy. Thls work has enabled us to identify opportunities to diversify income. We also grew our promotions around facilities hire ond professional trainlng as ways to generate additional commercial income. Supporhng ourpeople. resources and re&lience - looking ahead We will continue developing OLf' Forgel Me Not Woy, culture and plan lo kjunch our Employee Handbook as an intranet in September 2025 which will incorporate oll the information that employees may need in one easily occessible place and serve os a single SOLrce of truth. We will look al our core values and ensure Ihot all employees can relate and feel connected in terms of whal our values mean to them. We plon to embed our Leadership traits framework through facilitation and bring them to life. as part of leadership development. We plan to improve our wellbeing offer further by introducing a Compassionate Cullures Project that will focus on creative heallh and mental wealth, cddressing women in the workplace. men's health and generotional cultse differences. We will keep our People Promise alive ensurfng that we attract the b65t people. we are at the side of our people so that they feel valued and supported. we aid growth so that our people can achleve their full potential and our people ore advocates by feeling provd to work at Forget Me Not and inspired to share our story wilh others. We will embed the first year of our people related slrategies (employees and volvnleers) vAlh robust plans that sit behind each strategy. Ultlmately, we will create a culture and environment where employees can thrive. and where their skills and contrfbutions drfve us forward. We vill be embedding our Volunleer Strategy. By Increosing our volunteering contrfbulion and diversity there will be increased capacity to support families in line with our new model of core and more support to help generate income both through direct fundraising and through our retail estate. This Strategy helps us deliver our promise by 5hovrfng that we are serious about vokjnteering and how we will continue to improve the volunteering experlence for everyone who gives their time to support U5. Robust fjve-year workforce planning will take place across all department5 in line with our Strategic Plan and departmental strotegies. We will focu5 on our model of care, ensuring that we maintain a sustainable and holistic care strategy. We will continue to invest in people in income generation and trading with a focus on growing ovrreach and diversifying our income in a balanced and managed way. whilst ensuring that we have the most efficient resources to support resilience ond grow our rerVes. We will capture learning and development opportunities through our organisational Trainiro Matrix and do our best to support the learning ond growth of our people. capitalising on the apprenticeship levy. There wlll be a continued focus on our IT systems and automating processes to Improve efficiencles and sustaln the volume of workflow. ensuring compliance and excellent governance is in place. We are introducing o new flnance system which will rodically improve resnlence as we wlll be able to move our servers to the cloud. In addition. the new finance syslem will automote manual processes and svbstanlially reduce paper and therefore support our carbon strategy os well os bring in reol time eKiciencles. We will continue to develop the 13
THE FORGET ME NOT CHILDREN'S HOSPICE UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnuod) Plons for lulure perlods (conllnu•d) Income generation - looking ahead (contlnuedj Vantage system to automate processes including risk management, organisationol policies Care Quallly Commission ICQC) compliance. HR processes such as risk assessments ond recrultment fom5 ond retail estate leases which will vltlmately streamline our Internal processes further. We have resilience plans in ploce for our buildings, equipment. syslems and resources which will continue to be Implemented. We have on Al Workforce plan In place Ihat wll ensure Ihot vrfe provide the right support and tools to key stakeholders and inhouse mosterclasses to develop skills. At the same time. we are encouraging employees to become 'AI Champions, by completlng professional quolificotlons throvgh the apprenticeship scheme. We are developing a three-yeor Data Strategy that will incorporate a data roodmap for the organisalion. with the focus next year being around ensuring that our core dato is robust. reliable and fit for purpose. Inveslmenl powers and poll The Bo(Yd review the Investment policy on an annual basis. The key element5 to the policy are below. In accordance with the Articles of Association. the Charity has the power to deposlt (x invest funds. and employ a professional fund manager. in the some manner and svb}ecl to the same conditions 05 the Trustees of a Trusl ore pemiitted to do by the Trustee Act 2CVJO. In summary: Tnjstees have a duty to maximise the return of the Charity's fund,. Trustee5 have o duty not to risk the fund in hozardous or speculative investmenl. Trvstees must consider the suitabllfty of investments and the need for dIVeirlCQt1On. Trustees are reqvired to acl honestly and with prudence,. Trvstees hove the power to Invest in the same range of investments as an obsolute owner (unless there are restrictions in the governing documenti. The Board of Trustees hcve delegated investment decisions to the Audit, Finance and Risk Committee. The Audlt, Finance and Risk Committee have responslbility for recommending strategy and manoglng and monitoring the investment assets, In line with this inveslment policy. The commlttee will review the Investment information provided at each qvartety meeting. We currently have a Iow-rfsk investment of £250.000 in o CAF Flagstone portfolio which are In fixed tenn deposits and managed and monltored by the Finance and Corporate Seryices Director. 14
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Cl11nU9d} Flnunclal revlew Flnanclal performance During the year net incoming resources of £401.329 (2024: £19,368) were added to reserves. Within total incoming resources of £6.820.268 {2024: £5.817.1781. w05 £3.129.601 which equates to 45.9%12024: £2.428.736 - 41.8%) received by way of donalion5. grants and legacies. The sources of this voluntary fundraising income have been broadened to avoid reliance in any one area. Income from trading activities was £2.645.70212024: £2,463.859- 42%) which equates to 38.8% received through our shops. lottery and fvndroi5ing events. This area of income has substantially increased thi5 year largeW due to improved shop income pertormance and steady lottery growth. Net profit from shop activities has seen a further decline in performance to date of £316.123 {2024: £362.489) because of increased pay costs due to national living wage rises and ongoing cost pressure5 across the estate. The Online shop could not trade for over half of the year due lo resource challenges. and this has adversely impacted net profit. Net profit for the lottery increased to £227.492 12024". £117,996) largely dve lo the ongoing canvosser compaign in the prior year which is funded by an investor. This year hos proved challengSng for our lottery canvassing with no canvassing belween Apnl 24 and July 24. A new contract for lottery canvasslng commenced in July 2024, however they 5tnJggled to recruit canvassers and provided limited new lollery lines. This led to a further stagnation of canvassing, with no leads generated wilhin the final slx months of the financlol year. This has thefOre meant cost savings were made thls year. The Charity recelves income from the generosily of the public, raised in many woys such as through support from corporate companies. trusts and foundations, major donors. communrfy supporters. legacies, lottery. fundraSslng events and from the pubfic sector INHS & Local Authorilyl. This year the govemment committed capifal funding for hospices, and we received an amovnf of £75.232 via Hospice UK as our dislribvtion of the £25M bosed on a set and consistent colculotion. We evidenced the full 24125 allocatlon wlthin our capltal expenditure during the year. other income of £394.039 (2024: £587.135 include5 income raised through continuing ca packages. redeployment of skills. professionol training ond interest received. This area of income generation hos substantially reduced because of our continuing core offer and the chollenges we experienced Ihis year around resource ond capocity. alongside creating a more flexible and sustainable short breaks offer. Charitable activities. includes restricted funding of £1 09208 which includes non-recTent fvnding from Wokefield Place (NHS) for Matemal Mental Health services of £35.000 {2024: £88,556) although. unfortunotely there is no longer further funding avali able for Ihis service. In oddition. this year we have received restricted non recuffent funding for fvio pilot project5. a recutTent gront and a one off non recurrent grant from WY ICB. See the note 7 lo the accounls fcK more detail on funding sources. The NHSE Children's Palliative Care grant equates to just 8.3% (2024: 9.5%) of consolidated income and 15.3% (2024: 16.8%} of choritable activitie5 costs. NHS England announced that funding for children's hospices will remain in place into 2025126 however the gronl is being distrtbuted In the system vio the Integrated Care Board {ICB). Staff costs have increosed by 14.6% since lost yeor. Staff costs for the year were £4,718.420 12024: £4.116,5471. staff costs as a percentage of tolal costs w8re 73.5% during the year {2024: 71%). 15
THE. FORGET ME NOT CHILDREN'S HOSPICE UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnued) Flnanclal revl•w (conllnved) Flnanclol performance (contlnved) Average staff FTE numbers have Increased to 119 (2024.'l111 largely due to investlng in expanding our retail estate seeing an oddilional 7 FfE thls yeor. Auto enrolment employer contsibution5 are o basic 3%, managers receive 5% matching contributlons. and we introduced o malchlng contribution of 7.5% *or charity staff this yeor. subject to solary exchange rules. Most stolf contribvte to the People's Pension Scheme. In addltion. w8 operate on NHS Pension Scheme under a directive and for the past 2 years we have seen the employer's conlribution rise from 14.38% to 20.68%, however the increase continues to be funded by NHS England. There is still no confirmation from NHS England beyond 2026 of how hospices might be supporled lo afford Ihese pension Increases ond as such the NHS Pension scheme has been closed fo new members slnce October 2019 as a way of controlling costs. There Is also a challenge in that some staff are recerving a substantlal pension benefif. whilst the majority are on the most basic pension benefit. We started to address this issue as port of the onnuol budgeting process and introduced an option in 23124 for staff to increase their employee contiibvtion by l % (or more) and Ihen we will Increase employer conlributions to 4%. This year we introduced the higher matching 7.5% contribution (subject to solory exchange rules) to continue to oddress pension inequafities. Total costs have increased Substantial to £6,418,476 (2024.. £5,797,810). Hospice UK have precficted that on average hospice costs wll increase by £500k per annum for many years to come due to wage Inflation and the impact of the cost-of-11ng crisis~ thts yearwe have seen ovr costs increase by £620,666 (2024.. £942,548). The majority of this is pay costs and investment in roles to prepare for growth and diversification of ail our Income streams including costs dlrectly related to expanding our retall estate. The work of volunteers wrthin the Chaiily is fundamental to the growth and sustainability of funds. Without their continued support rt is envisoged thal costs of employing support staff and fundraisers wovld amovnt to on additional annualised cost of over £595,C()0 (2024: £521.000) based on an overage of 52,064 (2024: 50.0001 volunteer houts at national livlng wage. given during on average year. The Trustees wish to express their slncere gratitvde to every volvnleer for thelr generosity and the grft of tlme. Spending on chorltable aclivilies was £8,697,604 (2024.. £3,276.065J. The percentoge spend on charitable actlvlties versus consolKlated costs {includes retail costs) is 57.6% {2024: 56.5%). In the Charity. the percentage spend on charitable octivities (excluding retail costs) is 80.3% (2024: 77.7%). We value transparency and therefore wont to help donors and funders understand more aboul how their money is spent and why it 15 spenl thot way; 16
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {contlnu•d) .- forget me not thildren s hospice Vlhy do w• hov• oYwh•od (Mls? •)d Sir •d•y. W Ii+>K¢. ond <or•r. th4y k+ Eval1*14)n Environmenlol sustainability Datix rknii h Suppvtor . Insi goY6rnoN• Learning ond developmenl Quality and compliae plnIng ond ! performance Mar9ment pnd Legal Finon(e and ovdst, hi<c•m• gw4totit Conlent Compony $0(r•tory IT, Digital optimisation "I f mploym•nt, Volunt•rfinq, Property and fo<ilities Prtxvremenl 17
THE FORGET ME NOT CHILDREN'S HOSPICE UMTTED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (ntinUed) Flnanclal revlew {conllnued) Reserve$ pollcy The total unrestricted and restrlcted reserves held on 31 March 2025 was £3.954.047 (2024: £3.552.718). The current level of cashlinvestments held by Forget Me Not Children's Hospice is £1.414.578 {2024: £904.5601. However true cash. after loan liabilities due within one year of £30.OtK)12024: £30.Lll)) {note 181 and loan liabilities falling due in more than one year of £197,897 (2024". £105.500) (note 19) 15 £1.186.681 {2024: £769.0601 arKJ is allocated for emergency reserves. The balance of unrestricted reserves held is £3.804.047 (2024: £3.428.395J which is maintained to ensure that there are sufficient funds to provide care and continue lo reach more chli dren and families that need our support. There is o designated reserve allocated thi5 year of £50.OLK) (2024: nill which is for oddressing pay gaps in 2025126 should OLY financial performance allow it and lo ensure Ihat we can recrvit and retain staff in terms of market changes ond competition The reserve funds policy Is to have sufficient reserve5 to cover expendilvre on choritable activities for one yeor ond set aside for emergency purposes only. In addilion, there should be available cosh reserves of three months of charitoble expenditure. The immedlale strotegy lo build reserves and financlal strength is being addressed. and assurance measures can be demonstrated as follows: Continued campalgning and lobbying for a svstalnable funding model for children's hospices. Allocating legacy income to build reserve funds: Robust management and control of our resources ond serylce model Building our capocity to genefate and drversify our income portfolio Improving efficiencies and cost saving meoswes tough collaboration opportunities Targeted. cause led grant applications The alm of our 3-year reseNes buildlng roodmap {2025 to 2028) is to build and mointain true emergency cash reserves of 6 month5 of charity running costs and success in 2028 wll be to hold £3 million in cash reserves. True emergency reserves at 31 March 2025 were £l.186.681 which fell above t(Yget of £1 million due to the urgenl appeal and one-off support during the yeor. We have a finance stralegy in place that airns to build reserves $0 that we have enough money for now and in the future. This focus oligns clearly with ow stralegic pillar to place our finonces on a liner footing. Reserve Funds are reviewed al each AFR committee meeting as part of the finoncial reporting process ond sUPPOrting cash flow forecast. Reserve levets vrfill be reset appro10*e1y. after consideration of cost challenges set and ochieved and confirmation of successful income in the pipeline. to ensure Ihat the levets meet the needs of the strategic direction of the Hospice. The Trustees consider il pnjdent that reserves other than restricted and designoted should be Sufficient: To avold the necessity of reallslng red assets held for the Ch(Thty's use: To provide protection ogalnst any possible decline in future income from fundraising and donations in general. 18
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) Flnanclal revlew (conllnved) Reserves pollcy (conllnved) Emer enc Reserves Forgel Me Not Children's H05pice needs emergency reserves to protect its current activities. The Board of Tnjstees had set emergency reserves target for the financial year 2024125 at a reolistic level of £l,000.LKQ after agreeing a deficit budget of £163k lachieved £l.186.681) to ensure busines5 continuity due to unloreseen events, considering the needs. risks and challenges faced by the Charity in the short to medium term. The level of reserve5 is reviewed at each AFR meeting and Ihe resee$ policy will be reviewed onnually. ital Reserrfes Forget Me Not Children's Hospice h05 been operating from Russell House since 2011 and whi15t it is still a fairly new building. it is now14 years old and there will be an ongoing need to ensure Ihat all capital equipment is fit for future pvrpose and that there is a Tobust Capitol Replacement Plan in place for the building. grounds and equipmenl and as such we have prepared o Resilience action plan. The mojority of capitol works completed during thi5 financial year have been funded through copital grants and gifts in kind. The Capital Reserve wll be calculated as the balance lefl after allocated Emergency Reserves. Develo ment ReseNes There are no development reserves allocated for the finonclal year 2024125 os Ihe business plon is aimed at protecting the existlng resources. Any new investments to be made in 2025/26 financial year will be supported by robusl income generalion plans and funded through high level supporter funds or loans that ensure future retums on the investment. Restricted Funds Restiicted fvnds will be maintained and accounled for in accordonce wth Ihe approprfate regulations and only used for the purposes which they are provided. Desi noted Funds Forget Me Not Children's Hospice may occasionally need to save or accumulate funds in order to finonce a particulor project. These monies wll come from unreslricted funds and will be eomarked for a porticular project bLrt moy be designated as a separale fund. However. thls designation will only be for administrative purposes and these funds will remain under the control of Trustees and may be redirected lo meet running costs should circumstances require. Golng concern The con501idated financial statements have been prepared on the going concern basis. This has taken account of the cosl-of-living crisis on the UK economy and the worst ever funding crisis that the hospice sectcA has experienced to assess the potentrol impact on the finanaal sustainability of the Charity and Group. In doing so management have applied sensilivihes and adverse assumptions upon their budgets. cash flow forecasts and considered any remoining ovali able govemment schemes and interventions in making their assessment. After making appropriate enquiries. the Trustees have a reasonable expectation that the Charity and Group has adequate resources lo continue In operalional existence for the foreseeable future. For this reason. they continue to adopt the going concern basis in preparing the financial statements. Further details regording the adoplion of the going concern basis can be found in the accounting policles note 19
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 {¢ontlnued) Flnanclal ievlew (con•lnv•d) Fvndralslng and compllanc• Forget Me Not Children's Hospice is reliant on the goodwill and support of the local community lo provide ils charitable services to children with life shortening conditions and thelr famllles wifhout charge. The hospice has an excellent repvtation, however with this comes o responsibility to ensure the very highest of fundraising slandards are in practice. Income generation is not simply a way of raising funds, but it is also a conduit to developing and mointaining key supporter and donor relationshlps, ensuring Ihal supporters e very much o part of our Forget Me Not lourney and their input ond feedback shape the charrty to ensure it Is fit for Ihe futvre. It is not always posslble fo assess whether supporters are 'vulnerable' or to coordinote octlvilies wth other charftles, so our approach Is to focus on our fundraising activities and relallonships and conduct these and our contact with donors in line wlth the law, relevant govemance and our own hlgh stondords. All Income generalion activities are undertaken within charity law, Charity Commission regulations. HMRC rules. The Fundrarsing Regulator, The Gambling Act, local Ilcencing laws. Advertising Slandards Authority rules ond data protection laws. Thls list is not exhaustive. We are registered with the Fundraising Regvlatcf and continue to work towards full compllonce with the Fundraising Code of Praclice and slrive to odopt best practice in all that we do. We operate an ethical fvndraislng policy as well as olher policies specifically created to vnderpin. support and monitor the above. We support and encourage our fundraisers to achieve qualifications Ihrough the Chortered Institute of Fundraislng or Ccffidel, and some members within Ihe team are actively engaged in Iraining and support through these organisations. Donor management We continue lo ensure Ihat GDPR is effectively implemented. monllored and oudited across all areas of income generation and assesslng the opporhjnities within recent legislative changes on dato reform. Extemal fvndrats•rJ We use the services of Sterling Lotteries who manage and run our weekly prrze draw. Sterfing is licenced and regulated by the Gambfing Commisslon to promote a non-remole and Temote lottery and also supply. instoll and adapt gambling software to promote o lottery. All Sterling represenlatives receive Gambllng Commission trainlng (including vulnerable persons training) and representatives ore also trained in line with the Fundraising Regulat Rule Book for Foce-to-Face Fundraising. Steding is audited onnuolly on Ihe Gambling Commission subset of IS02700I:2013. The audit report is ovoilable on request. There were no reportable complaints relating to the activity undertaken by Sterling on behalf of the Hospice in 24125123124: none). In 24/25 we used "Lottery Fundraising Services {LFS)" and "Dedicated Fundraising" as extemal agencies {canvasser) to acquire new lottery players. We are satisfied thal their colleagues undergo in house training which covers all the necessary points relating to govemance and compliance when representing the charlty publicly. 20
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 PAARCH 2025 (Contlnued) Flnanclal revl•w (contlnu•d) External Ivndralsers {conllnued) We also employ QTS as o telesales agent to conduct both administratlon ond sales calls on behalf of the charity. We are satisfied that they cary out the correct checks on contact records and that their telesales operators are trained sufficiently in the governance and rules associated wth telesales octivity. Prfnclpal rlsks and uncertalnlles The Trustees and Senior Leadership Team have assessed, and regularfy review. the major risks to which Forget Me Not Children's Hospice is exposed. particulady, those related lo the finance. operations. people and compliance. The main iisks facing the charity will continue lo be the inconsistent and inadequole approoch lo statutory funding for core and specialist seNFces, including the uncertainty surrounding Ihe scheme formally known as the national children's hospice grant. other risks include dtsproportionately rising costs, particvlarfy relating to employment which in turn will result in recwitment and retention challenges. We continue lo closely monitor these. and other risks and in tum evolve our plan5 to be fit for the future, recognlsing the importance of living within our meon5 and ensuring that we nol On maintain but grow reserves to protect the charity in the future. The Hospice's principal flnancial In51ruments corn15e bank balances, creditors and debtors. The main purpose of these inslruments is to raise funds to finance the operation5 of the Hospice. Due to the nature of the financial inslruments used by the Hospice, there is no exposure to price risk. The Hospice's approach to manoging rrsks applicable to the financial instruments concemed 15 shown below. In respect of bank balances. the liquirfity risk is managed by maintaining credit bolances. The Hospice makes Use of money market lacilitie5 when funds are available. Trode debtors are managed by regular monrtoring of amounts outstanding for both time and credit limits. Trade creditors liquidity risk is monoged by ensuring sufficient funds are available to meet amounls falling due and ensuring Ihal suppliers ore not paid early. In FMNT Trading Lld (A wholly owned subsidiary of the charily) there remains one Coronavirus Bvsiness Interruption Loan Scheme (CBILSI through Lloyd's bank with a capltal bolance of £37,500 al year end. In addition. thi5 year we were svccessfvl in securing a Key Fund loan of £115.400 and grant of £34,600 5pecificolly for troding and commerclal growth which is belng invested in 2025126 to expond our retail estate and grow our income. There 15 0 loan of £1 00.000 from an investor whlch 15 funding ow lottery campaign and growth. 21
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnued) Strvclvre, governance and Margernent Consllhthn The Forget Me Not Children's Hospice Limiled is regi51ered as a charitable company limited by guarantee Incorporated on 15 June 2005 and registered as a charity on 15 July 2005. The Charity modemised its goveming document on the 13th November 2015 and is govemed by its Articles of Association. In the event ot the Charity being wound up members lye required to conlribute an amount not exceeding £10. Methods of appolnlment or elecllon of Twslees As set out in the Articles ot Associotion adopted on the 13th November 2015. the governing body is the Boord of Trustees whose members are appoinled either by the Charity in o general meeting or by the olher Trustees. The Board of Trustees seek to ensure that the needs of the ultimate user group ore appropriately reflected through the diversity of the Truslee body. Trustees are recruited using a robust selection process from a group of interested people who have responded to odverts. Pollcle$ adopted for Ihe Inducllon ond fralnlng of Trvsteei New Trustees are invited to take part in induction provided both by the charfty and by exlemal sources including facilltoted leaming activity. This induction ensures the Twstees understand their roles and responsibilities, understand the workings of the hospice and Ihe charity, can identify key risks. hold the management team lo account and work together to build o svstoinable fulvre for the organisation. There have been 4 new trustees join us during this financial year. stalem•nl on Jenlor salarlei and pay As a leading charity. we recognise our responsibilities towards our staff. volunteers and beneficiaries. We are committed to ensuring full accountabillty and transparency in all ospects of ourwork and are determined to do our best to SUPP(xF people with theirwellbeing. including flnancial wellbeing. Securing the right people and supporting them to thrive in thelr roles lo deliver our ambitious plans is key to our strategy. One of the many woys we do thts is through a competitive reward structure. We believe thal although the charity 5eclor con't. and shouldn't. compete with the commercial sector on pay. we must offer o fair salary for the skills and Ihe experience we need to run a high performing. cost-effective and successful charity, proportionate to the complexity and responsibilities of each role. and in line with our charitable objectives. The Board of Truslees is responsible for defining pay policy and deci(fing on the salc¥res of the CEO and Directors. The salaries of all slaff across th8 organisation are set out within a formol banding framework where job roles have been evaluated and benchmarked to ensure that we are paying at the market rate for the sector. Infomation about senior level p<ry is made available in OLf onnuol accounts. The organisation'5 Poy and Reword Policy sets out to provide equality to all employees. We are commitied to having o fair remuneralion poficy thal meets our pay ond reward principles. and is sustainable financially and operationally. whilst attracting the best people. In addition. we ore provd to say thot In 23/24 we became o Real Living Wage Employer In the Charity and remalned so in 24125. 22
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnuod) Slructure, governance and management (conllnued) ganlsallon sfruclure Forget Me Not is committed to investing in inlemal progression and development opportunities for oll staff where p055ible. The Board of Trustees. vrfhich must consisl of nol less than three Trustees but sholl not be 5ubiect lo any maximum. helps to administer the Charity by providing the overall strategic direction and ensuring the highest standard5 of govemance is maintained throughout all ospects of the operation. They meet quarterly and in addition have 2 away days. There are four Board subcommittees. each comprising of a minimum of Ihree Trustees. lor in the case of the trading board I Iru5tee and several directors) which meet at least four times a year and cover all aspects of the Charrty's business: Audit. Finance and Risk Committee {AFRJ People. Culture and Govemance Committee (PCG) Clinical Governance Committee (CGC) Trading board Day to day running of the Chority is delegoted to the Chief Executive who discharges their responsibilities Ihrough Ihe Senior Leadership Team. Related party r•laNonihlps The West yorkShe Forget Me Not Twsl was founded in 2000 os a choritable organisation. However, a decision was taken by the Trustees in earfy 2005 thal the objects of the Charity TnJst Deed could be better served if the Trust became an Incorporated company. Thus, following Incorporation of the compony, the reserves of the West Yorkshire Forget Me Not Twst were trarkSfeed to the Charity on its cessation on 31 December 2005. A special resolution to change the nome of the Charity from Ihe West Yorkshire Forget Me Not Trust Llmited to The Forget Me Nol Children's Hospice Limited was passed by members in July 2071. The Charily hos a subsidiary company, FMNT Trading Limlted, through which it nJns a chaln of Chority shops. The Charity has another subsidiary company. FMN Commerciol Ltd whlch has not started trading. R15k management The 055e55ment of hazards and risks in the physical envronment and in clinical and nonclinical working practices is undertaken on a regular basis to protect the health and welfare of staff. childrenlyoung people and their families. Successful risk management at the Charity is based on the following philosophy: The identification of risk is considered in all areos of work and is included in all operational activities. The success of a risk management program 15 dependent upon o committed ap0ach by the Board of Trustee5. Chief Executive. Senior Leadership Team. Senior Management Team and all staff. The identification and management of risks requires active Involvement of operational staff within the Chority as these stoff ore best placed to perfonn this function if there are robust commvnicallon and svpport syslems. The promotion of an open, objective cultwe for incident reporting and the identification of rlsk and consislency In managing those risks are essential lo the Succe of the Risk Monogement Policy. This is supported by all levels of management 23
THE FORGET ME NOT CHILDREN'S H08PICE LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (Gontlnu•d) Slru¢lvTe, governance ond managemenl (conllnued) Rlsk management (contlnued) Across oll occupational groups and sloff in all areas of the charity have had training around incident reporting. All staff receive training In defined and agreed elements of risk managemenl including risk reductlon. incidenl reporting ond investigation. A comprehensive process for identifying, ossessing and monitoring risk at multiple levels is in operolion and Is regularly reviewed by the Senior Management Team ISMT) and updated 05 new or emerging risks arise. There is a process in ploce for high sc.oring risks lover a pre- detennined threshold} to be escalated to truslee Sub committees and the main trustee board. stTalegic and organisotional risk5 are monitored and managed by the Senior Leadership Team (SLT). Risks are reported to and discussed at all subcommFttee and board meetings. There is Trustee and Senior Team Indemnty Insuronce Cover in place. As well os intemol controls and processes we are extemally audited on an annval basis for Health and Safety. ond for Finance. The Board recelve annual Health ond safety ond Infomiation Govemance Assurance reports in addltion to regular updates. There are robust information govemance processes and controls In place to mitigafe risk. 24
THE FORGEf ME NOT CHILDREN'S HOSPICE LIMITED REPORT OF THE TRUSTEE8 FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) Slrvckne, govemonce and monagem•nl {conllnu•d) Rel•rence ond admlnlstralfve detalls of Ihe charlty. Its Trustees and advlsers Jeremy David Cross. Choir Joanne Justine Ellis Dr David Anderson Adrian Robert Gordon rimothy David Mc8urney Paul H(veY Stead Margaret Falconer (resigned 1st December 2(Y24) Alexandra Louise Clemenls Claire Siobhon Woodford Sorah Virginia Ramsey Ali50n Needham Iresigned 121h August 2024) Efi50beth Ann Street lappointed 21st June 2ff24) Dr Slean Gail Crosbie {appointed 20th September 2024J Andrew John Green (appointed 201h September 2024) Pavl David Woolston {appointed 201h September 2024) Company reglstered nvmber Charlty reglstered nvmb•r 05481614 1110457 Règlslered offlce Russell Hovse Fell Greave Road Huddersfield West Yorkshire HD2 INH Cornpany secrelary Nicola O't)owd Chlef •xecullve officer Gareth Pierce Independent audllors Armstrong Watson Audit Limited Chartered Accountants Third Floor 10 South Parode Leed5 Wesl Yorkshire LSI 5QS Banke Lloyds Bank Commercial PO Box I CNJO BXI ILT Solkllors 5chofield Sweeney Springfield House 76 Wellington Street Leeds West Yorkshire LSI 2AY 25
THE FORGEf ME NOT CHILDREN'S HOSPICE UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contlnued) Slruclure, governance and monag•ment (¢onllnved) kefer•nce and admlnlstrallve delalls of the charFty, Its Truste•$ and advlserj (conllnued) Ixreclors ol FMNT Tradlng Umll•d Pavl Hmey Stead {Choirl Goreth Pierce {reslgned 161h August 2024) Matthew James Lees lappointed 91h September 2024) Mike Robinson {resigned 161h August 2024) Marek Laskowski {appointed 9th September 2024) Laura Ann Green Phllip Hamillon O'Loughlin (appointed 91h Jvne 20241 Rakesh Mohindra (appointed 91h September 2024) Dkectors of FMN Commeiclal Ltd Mathew James Lees (appolnted 241h November 20241 LaLra Ann Green {appointed 24th November 2024) Philip Hamilton O'Loughlin (appointed 241h November 20241 Members, Kablllly The membe.ry of the chartty guarantee to contrlbute an amovnl nol exceeding £10 to the assets of Ihe charity in the event of winding up. 26
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED R&PORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (contInU) Slructvre. governance and managemenl (contlnu•d) Slalement of Trustees. responslblnlles The Trustees (who are also the directors of the charity for Ihe purposes of compony law) are responsible for preparing the Truslee5' report and the financial statemenls in accordance wilh applicabie law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Truslees to prepare financial statements for each financial year. Under company law the Tnjstees must not approve the financial stotements unle5S they are satisfied thcrt they give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and applicotion of resources. including their income and expenditure. for that period. In preparing Ihese financial slalements. the Trustees are required lo: select suitob18 accounting policies and then apply them consistently: observe the methods and principles of Ihe Charities SORP (FRS 102).. make judgments ond occovnting estimates that are reasonable and prudent." state whether appllcable UK Accounting Standards (FRS 102) have been folk)wed. subject to ony material departures disclosed and explained in the financlal 5totements: prepare the finoncial statements on the going concem basls unle55 il is inappropriate to presume that the Group will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explaln the Group and the Chority's transactions and dlsclose with reasonable accuracy ot ony time the financiol position of the Group and the Charity and enable them to ensure thot the financial slatements comply wth the Componies Act 2006. They ore atso responsible for safeguording the assels of the Group and the Charity and hence for toking reasonable steps for the prevention and detection of fraud ond other hregularilies. Dlscloswe of Intomiallon lo audttors Each of the persons who are Trustees ot the lime when this Trustees, report is approved hos confirmed Ihat: so far 05 Ihat TnJ5tee is OVre. there is no relevant audit information of which the charitable gTOUP'S auditor is vnoware. and that Trustee has laken all the steps that ought to have been token as a Trustee in ordeT to be aware of any relevant audit information and to estabiish thol the charitable group's auditor is aware ol that information. Aud The auditors. Armstrong Watson Audit Limited. have been appointed during the year ond have indicated their willingness to continue in office. The designated Trustees wlll propose a motion reappointing the auditors at a meeting of the TnJstee5. Approved by order of the member5 of the board of Trustees on their behalf by". J Cros5 Chalr loand signed on N O'Dowd Company Secretary /vD 27
REPORT OF THE INDEPENDENT AUDITOR'S TO ThE MEMBERS OF THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED FOR THE YEAR ENDED 31 MARCH 2025 Oplnlon We have audited the financiol statements of The Forget Me Not Children's Hosplce (the 'parent char5toble company,) ond its svbsidiarie5 (logether Ihe 'grovp'l for the year ended 31 March 2024 which comprise the Consolidated statement of financial activities. fhe Consolidated and Charity balance sheet, the Consolldated statement of cash flows ond the related notes, including a summary of significant accounting policies. The financlal reporting framework thol has been opplied in thelr preparation is applicable law and Unlted Kingclom Accounting Standards. including finoncial Reporting Standard 102 The Hnancial Reporting Standard applicable in the UK and Republlc ol Irelond. (United Kingdom Generally Accepted Accounting Practice). In our opinion the financlal statements: give a twe and fair view of the slote of the Group's and of the parent choritoble company'5 affalrs as a131 Morch 2024 and of th- Group's incoming resources and application of resource5. including Its income and expenditure for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practlce: and have been prepored in aCcdanCe with the requlrements of the Companies Act 2(YO6. Basls for oplnlon We conducted our audit in accordance wlth International Standards on Auditing {UK) (ISAS {UK}l and applicable law, Our responsibllltles under those standards are further described In the Avdilofs responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordonce with the ethical requirements that are relevant to our audit of the financial stotements in the United Kingdom. including the Flnoncial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained Is svfficient and appropriate to provide o basis for our opinion. Con¢luslons relallng to golng concem In oudlting the financial statements. have concluded that the Tnjstees, use of the going concem basis of accounting In the preparation of the financial stalements is approprlale. Based on the work we have performed. we have not klentif18d any materfal uncertointies relating to events or conditions thal, individually or collectively. may cast slgnificant doubt on the Group's or the parent charitable company's ability to continue os o going concern for a period of at least e1ve months from when the finonciol statemen15 are authorised for issue. Our responsibllilies and the responslbllities of the Trustees wlth respect to going concern ore described in the relevant sections of this report. Olh•r Infomiallon The Trustees cre responsible for the other Information. The other Information comprises the information Included in the Annual report. otherthan the finoncial stateme,nts and ourAvdilorfs report thereon. Our opinion on Ihe financial statements does not cover the other informatlon and, except to the exlent othewlse explicltly stated in our report. we do nol express any form of ossvrance conclusion thereon. 28
REPORT OF THE INDEPENDENT AUDrroR'S TO THE MEMBERS OF THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED FOR THE YEAR ENDED 31 MARCH 2025 {contlnued) Other Infomiatlon (contlnued) In connection with our audit of the financiol stotements, our responsibility is to read the other Informalion and. In doing so. consider whether the other information is materially inconsistent with the finunclal statements or our knowledge obtoined in the audit or otherwise appears to be malerially misstated. If we identify such material inconsistencies or opparent material misstatements. we are required to determine whether there is o material misstatemenl in the financial statements or a material misstatement of the other informalion. If. based on the work we have performed. we conclude Ihal there is a material misstatemenl of this olher information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other mallers prescrfbed by Ihe Cornpanle5 Act 2006 In our opinion. based on the work undertaken in the COSe of the audit.. the information given in the Trustees. report including the Group Slrategic report for the financial year for which the financial slotements are prepared Is consbstent with the financial statement5. the Trustees, report including the Group Strategic report have been prepared in accordance with appllcable legal requirements. Matter8 on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the company and its envwonment obtained In the course of the audit, we have no* Identified material mlsstotements in the group strotegic report Included wlthln Ihe Irustees, report. We have nothing lo report in respect of the followng matters in relatlon to which the Companies Act 2006 requires US to report to you rf. in ow opinion: adequote and proper accounting records have not been kept, or retums adequate fcy ow audit have not been received from branches not VlSlted by us: or the financial statements are not in agreement with the accounting records and retums." certain disclosures of trustees, remunerotion specified by law are not made.. or we hove not received all the information and explanotions we require f(x our audit. Responslbllllles of trvstees As explained more fully in the Trustees, responsibilities statement on page 22, the Tnjstees (who are also the directors of Ihe choritable company for the purpose5 of company lawl are responsible lor the preparation of the financiol statements ond for being satisfied Ihot they give o trve and foir view, and for such intemal control as the Trustees determine is necessary to enable the preparation of financial stotements that are free from material misstatement. whether due lo fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the Group's ond the parent charitable company's obility to continue os a going concern. disclosing. as applicable, motters related to going concern and using the going concem basis of accovnting unless the Trustees either intend to liquidate Ihe Group or the parent charitable company or fo cease operations. or have no reallstic altemative but to do so. 29
REPORT OF THE INDEPENDENT AUDITOR'S TO THE MEMBERS OF THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) Audllotrs r•sponslbllllle$ lor the avdll of the financlal stalements Our objectives are to obtain reasonable assurance obout whether the financial statement5 OS a whole are free from material missfatement, whether due to fraud or error, and to issue an Auditors report that includes our opinion. Reasonable assurance is a high level of ossurance but is not a guarantee that an ovdit conducted in accordance th ISAS {UK) will always detect a malerial misstatemenl when It exists. Misstatements can orise from froud crf effor and are considered material if, indlvldvally 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, includlng fraud. are instances of non-compliance with laws and regulalions. We design procedures in line with our responsibilities, outlined above, to detect material mi5Statements in re5pecl of IegUlatIes. Including fraud. The extent to which OLK procedures are capable of detecting irregularities, Including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of Irregularities, including fraud and non-compliance with lows and regulations, was as follows: the engagement partner ensured that the engogement team collectlvely had the approprfate competence, capabilities and skills to identify or recognise non- compliance with applicable laws and regulations: we identified the laws and regulations applicable to the Group and parent charitabl8 company through discussions with Iwstees, directors and other management and revlew of appropriate induslry knOedge. we assessed the extent of compliance with the laws and regulations identlfled above through maklng enquiries of management,. and Identified lows and regulations were communicoted within the audlt team regularty and the team remained alert to instances of noTrcompllance throughout the audit. We assessed the susceptibility of the Group and the porent charitable company finoncial statements to materfal misstatement. including obtalning on understanding of how fraud might occur. by: maklng enquiries of management 05 lo where they considered there was susceptibility to fraud, their knowledge of actual. suspected ond alleged fraud: and considering the internal controls in place to mitlgate risks of fraud and non- compllance wth laws and regulations. To adctress the risk of fraud through management bias and oveide of controls, we". perfonmed analylical procedures as a risk ossessmenl tool to Identity ony unusual or unexpected relationships,. Tested journal entries to identlfy unusual transaclions; Assessed whether judgements and assumptions made in determining the ac.counting estimates set out in Note 2.18 were indicalive of potenlial bias. In response to the rfsk of irregult)Ilies and non-compliance with law5 and regulation5. we designed procedures which included. but were not limited to: agreeing financial statement disclosures to underlying 5UPPOrtlng documenlatton: and enquiring of management as to octual and potentiol litigation and claims. 30
REPORT OF THE INDEPENDENT AUDITOR'S TO THE MEMBERS OF THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED FOR THE YEAR ENDED 31 MARCH 2025 (¢onllnu•d) Avdltor's responslblllHes lor the oudlt of Ihe finonclal statements (contlnu•d) Due to the Inherent limitations of an audit. there is an unavoldable risk that we m¢Jy not have detected some material misstatements in the finoncial statement5, even though we have propety planned and performed our audit in occordance with audltlng standards. For example. as with ony a4Jdit, there remained o higher risk of non-detection of irregulortties, os these may involve collusion, forgery, intentional omissions. misrepresenlalions, or the oveFTide of Intemol controls. We are not responsible for preventing fraud or non-compliance th laws and regulations ond cannot be expected to detect all fraud and non-compliance wth lows and regulations. A further descr1ption of our responslbilities for the audit of the financiol statements is localed on the Financial Reporting Council's website at: www.frc.org.uk/auditorsrespon5ibilities. Thts descrfption forms part of our Auditor's report. Use of oui report This report is made solely to the charitable companvs members, as a body, in accordonce witti Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stole to the charitable company's members those matters we are requed lo state to them in an Auditorfs report and for no other purpose. To the fullest extent permllted by law, we do not accept or ossume responsibli ity to anyone other than the charitable compony and its members, a5 a body, for our audit worL for this report, or for the opinions we have fonned. Hvw Nlcholls (Senlor slalvtory audltor) for and on behalf of Armstrong Watson Avdlt Umll•d Chartered Accountants and Statutory Auditors Leeds Date.. 3 Ochku ioil 31
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 T•tsl Fu 1015 Don•Uons nt5 Le8Aoes L4É6.751 6.2n Ji95 L495.5B7 943.120 8895 JM11124 .fjii 882.139 936,847 43L4 431A99 Shops ioltery Fuftdrn15tw•¥snts 113UI8 2,131,118 33L632 IBI,951 lJ44J50 L944J50 32W9 19B L951 $11,719 109,208 6SO,927 218012 8B3S6 337J38 394 39439 J87.ia5 587,135 5.745377 Im4891 6WO,261 4,768172 SJi7J Co#solid51ry¥aluthtarylrrfm FuDdratr•thr.'wsi$ofpc•J5 Scal 617ts52 617h52 5x329 U14J96 14.9 Fwdt4thBtrth."cNtsofe¥ents 288224 InoA72 1381.161 385555 2521,745 288,224 1720172 Z52L745 1598MI LtW214 3.597AO4 2J54179 086 I71Al &319J62 Im9214 418176 4.77lJ24 1,102È6 177£ 5.797JlQ 1055cthdl$p05al ollwd¥ssets 463 425ffj2 1243231 4Ola29 13,0S21 154,5 77.C( 19J68 42W2 124,3231 401,829 t352) 1545W 77AKX) 19368 Y+X4lfund5WshtfoThaTd Met wmonl InfiKJs 1428395 17S,652 124,313 [213231 3J52,718 4C11329 &431A 13,052 17A,903 17FAWI 7P,LW 33)350 19.3fj8 3W4047 1954 3A28395 124323 3352218 The Consolidated statemenl of financial actlvities includes oll gains ond losses recogntsed in the year. The notes on poges 35 to 50 form part of Ihese financial stalemenls 32
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED CONSOUDATED AND CHARTTY BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025 tharlty 21llS 2025 2024 Ngt Flx•d H•ts Intan8lble a$sets Tan8lbk assets Investments 14 15 2.530.051 150.000 2.680.051 2,494.421 151.669 2.646,090 2,426,170 150,001 2,576.171 2.M4S64 151,671 2.596.635 Curr•nt••••ts Stock 16 17 17.735 494.005 L314.578 17.132 413,499 780,237 124.323 "1.500 324.X 60312 124,323 Cash at bank •nd In hond . Unrestricted lund . Restfkted hjnd 379,559 991884 100.000 1.926319 1.335,191 Crnnt npblllil Creditows." amount5 lallln8 due wlthln one yea 1,473,943 L054.143 1454.4251 1323,0631 1303,8261 12716931 N•t ¢wr•ni ••••t• L471.893 1.012.128 1.170.118 782.450 T•t•l l•scwr•Tht Ilblll¢l• 4.15L944 3,658,218 3.746.289 3,379J)85 Creditors '. amountshlllfi8 due after more thèn one vear 19 1197.8971 1105,5001 IW(MXsl Tot•1 n•ta•Mts 3354,047 3,552.718 3,646289 3,311,085 Charftyfimth Unrnthict•d funds ft•trftt•d In•dI O•**nal•d FuTrds Tatsl fithds 21 21 21 3.804.047 3,428.395 124323 3,496289 3.186,762 124323 50IKKI 3,646,289 3954,047 3,552.718 3.311 The Trustees acknowtedge their responsibilities for complying with the requlrements of the Act with respect to accounting records and preparatlon of financiol 5tatemenfs. The flnanciol slatements have been prepared in accordance with the provisions applicable to entities subject to the small companies reglme. The financial statements were approved and authorised for issue by the Trustees on 26th September 2025 and signed on thelr behalf by: J Cross N O'Dowd Chair Company Secretary 33
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Graup 2025 Notes C•sh Ilows from Opemtlno •colvltl•s: Plet from opmtln¥ •rtlvllles 24 743,979 197.332 C•Bh Ilows from Investlns aLtlvltle$'. Pu¥chase of property, plant and equipment CAF FlaBStoneFixed Term Deposlt Account Uoyds 12 ffnth fixed term notice deposit account matured Dec 2023 (235.630) 1.669 1351,429) (151,6691 Ico,000 Net e•$h uled In I•tIng •rtlvltle8 233,961 403.098 Cknn8e In ca¥h and ro5h equlvul•nts In the r•portlng p•rfod 510,018 205,766 Cash and cash equivalents at the be8innln6 of the rÈponlnB period 904,560 1.110.326 Chan8e In cash and cash equlvalents 510,018 {205,7661 Cash and e4sh •qufval•nts it th• •nd ol th• reportln8 p•rfod 1fv14 578 904.560 The notes on pages 35 to 50 form part of these financial statements. 34
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 G•neral Inlormallon The rJganisation is o charitable company limited by guarantee. incorporated in England and Wales. The oddress of its registered office is Forget Me Not Children's Hospice. Russell House. Fell Greave Road, Huddersfield. HD2 INH. The chaTFtable company's registered number is 05481614. Accovnllng pollcles 2.1 Ba$ of preparallon of financlal slalements The financial statements have been prepored in accordance with the CharFties SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice appficable to chorities preparing their accounts in accordance with the Financial Reporting Stondard appficable in the UK and Republic of Ireland {FRS 102) (effective l Janu(Yy 20191. ttie Finoncial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) ond the Companie5 Act 2006. The Forget Me Not Children's Hospice Ltmited meets the definition of o public benefit enllty under FRS I 2. Assets and liabilities are initiolty recognised ot historical cost or transaction value unless Otherwise stated in the relevont accounting policy. The Con501idated statement of financial actlvlties ISOFAI and Consolidated balance sheet consolidate the financial statemenls of the Charity and its subsidlary undertaking. The result5 of the subsidlary are consolidated on a line by line basis. The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2CQ6 and has nol wesenled its ovm Statement of financial activltles in these rinoncial statements. 22 Golng Concem The consolidoted financial statements have been prepared on the going concern basis. Thls has taken account of Ihe impact the UK economy and its potential impact on the financial SUStainabifity of the Charity and the group as a whole. In doing so management hove applied sensitivities and adverse assumptions upon their budgets, cash flow forecast5 and considered remaining available govemment schemes and interventions in making their assessment. The Trustees have received a 12 month rolling cash flow forecast. togelher with mitigation plans and a full understanding of the financial performance in order to make a going concem decision. 2.3 Income All income is recognised once the Charity has entitlement lo the income. it is probable that the income will be received and the amount of income receivable can be measured refiably. The recognition of Income from legacies is dependent on establishing entillement. the probability of receipt and the obliity to estimate with sufficienl occuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity hos sufficient evidence that a gift has been lett lo them (through knowledge of the exrstence ol a valid will and the death of the benefoctor) and the executor is satisfied that the property in question will not be required to satisfy claims in the eslote. Receipt of a legacy must be recognised when it Is probable that it will be recelved and the fair value of the amount receivable. which will generally be the expected cash amount to be dlslributed to the Charity. can be reliably measured. 35
THE FORGEf ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (¢ontlnu•d) Accounllng pol1cl (conllnved) 2,3 Income (conllnued) Grants are included in the consolidated statement of financial activities on o receivable b05i5. The balance of income received for specific purposes, but not expended during the period. is shown in the relevant funds on the balance sheet. Where income 15 received in advance o* entitlement of receipt, its recognition is defeffed and included in creditcffs as deferred income. Where entillement occurs before income is received. the income is occrued. Income tax recoverable in relation to investment income is Tecognised at the time the investment income is receivable. Other income is recogni5ed in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Donated seNices or items are recognised when the Charity has control over the item. any condilions associated with the donated item have been met. the receipt of economic benefit from Ihe use of the item is probable and that economic benefit can be measured reliably. Donated fixed assets are included in income at the estimated value of the gift to the Charity when received. based on the amount that the Charity would have been prepared to pay for these services or fcclllties hod it been requlred to purchase them. with a coffesponding enty being capitalised in fixed assets for the same amount. There were gifts in kind of £28,836 recorded this yecr12024: £77.2911. 2.4 Expendhure Expenrfiture is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party. it is probable that a Iransfer of economic beneflts will be required in settlement ond the amount of the obfigotion con be measured rellably. Expenditure is cl<)ssified by actlvity. The costs of each activity ore made up of the total of direct costs Gnd shared costs. includlng support cosls involved in undertaking each activity. Direct costs atlributable to a single activity (Te allocoled directly lo that aclivity- Shared costs which contribute to more than one activity and supp¢NI costs whlch are not attribulable to a single activity a apportioned between those activities on o basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. ond depreciation charges allocated on the porlion of the asset's use. Expenditure on raising fund5 includes all expenditure incurred by the Group to raise fund5 for its choritable purposes and includes costs of all fundraising activities events ond non-ch(rritable trading. Expenditure on charitable activities is incuffed on directly undertaking the activitie5 vAiich further the Group's obiecttves. as well os any associated support costs. All expenditure 15 inclusive of IeCoVerable VAT. 2.5 Toxaflon The Charity is considered to pass the tests Set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of o charitable company fcK UK corporation tox purposes. Accordingly. the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporotion Tax Act 2010 or section 256 of Ihe Taxation of Chargeable Gains Act 1992, to the extent thal such income or gains are opplied exclusively to charitable purposes. 36
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•dl Ac¢0vnllJ polIc5 (conllnved} 2.6 Intanglble assets and amorflsallon Intangible assets wch as website costs are Initially recognised at cost. After recognition. under the cost model, Intongible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortlsotion 15 provided on intangible assets at rates calculated to write off the cost of each osset on a straight-line bosls over its expecled useful life. The estimated useful Ilves are os follows: Amortisation is provided on patents over 3 years. 2.7 Tanglble ftx•d ossets and depreclallon Tonglble fixed assels costing £250 or more are copitolised and recognised when future economic benefits ore proboble and the cost or value of the osset con be measured reliably. The land was bought for a notional amount from the councll and has resti7Ctions wlthin the deeds. therefore no revoluation has been done. The buildlng is valued ot cost Depreclation is charged so as to allocate the cost of langible red assets less their residual value over their estimated useful lives. Dgpreclation is provided on Ihe followtng bases: Freehold property Russell House (freehold) Gro¢e's Place Ileaseholdl Medical equipment Motor vehicles Fixlures and fittlngs Computer equipment Leasehold Improvements 2% straight line from l November 2011 over the life of the lease (99 years) 20% strolght line 20% straight Ilne bosis 15% straight line 20% straight line over the life of the asset or The need for any impaiTment of a fixed asset is consldered If there is concem over the carying valve of an asset ond is ossessed by comparing Ihal corying value against the value in use or realisable value of the asset vthen approwiate. 2.8 Inveslments Fixed asset investmentt ore a form of finoncial instrumenl and are initially recognised at their Iransoction cost and subsequenlly measured at fair value ot the balance sheet date, vnless the value connot be measured reliably in which case It is meosured at cost less irnparment. Investment gains and losses. whether reolised or unrealised, are combined and presented as 'Gains/lLosses) on investments, in the consolidaled stotement of financlal octivilies. The main form of financlal risk foced by the Charity is that of volalllity in eqvity markels and investment markets due to wider economlc conditions. the attltude of investors to Investment risk. and changes in sentiment concemlng equities and withln particular sectors or sub sectors. Investments in subsidiaries are valued at Cost less provislon for impairment. 37
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) A¢counllng pollcles {conllnu•d) 2.9 stocks stocks of retail goods ore valued ot the lower of cost and net realisable value. Donated items of stock for resale or distribution are nol included in the financial statements untll they are 501d or dislributed because the Trustees conslder it impracllcol to be able to assess the amount of donated stocks a5 there are no syslems in place whlch record these items until they are sord and undertaking a stock take would incur undue cost for the Charity which lor ouhveigh the beriefits. Stocks are valued using the first in. first out {AFOI method. 2.10 Debtors Trade and other debtors are recognlsed ot the settlement amount after any trade discount offered. Prepayments are valued ot the amount prepaid net of any trade dlscounts due. 2.11 Cash al bank and In hand Cash at bank and in hand includes cash and short-term highly Ilquid investments with o short maturity of three months or less from the dale of acquisition or opening of the deposlt or similar occount. 2.12 Uabllllles und provlslons Liabllllles are recognised when there is an obligallon at the balance sheet dote a5 0 result of a past event, it is probable that o transfer of economic benefit wlll be required in settlement, and the amount of the settlemenl can be estimated rellably. Llabilities are recognised at the amount thot the Charity anticipates it wlll pay to settle the debt or the amounl it has received os advanced payment5 for the goods or services it must provide. 2.13 Flnanclal Instrum•nls The Group only has flnancial assets and financial liabilities of a klnd that qualify as basic flnoncial inslruments. Basic financial instruments are initially recognised at transaction value ond subsequently measured at thelrsettlement value wlth the exception of bonk loons which are subsequently meosurecl al amortised cost using the effective Interest method. 2,14 Con¢esilonary loan The Charity has taken advantage of sectlon 34 of FRSl02 to recognlse the loon tolfrom tts trocying subsidiary and the Chority form a public benefrt entity group. As such Ihe Charfty initially recognises and measured the loan at the amount pald. wlh the carrying amount adjusted in Subsequent years to reflect repaymenls and any accrued infer8St and arfiusted if necessary for ony impairmenl. No interest is being charged on this loan. 2.15 Operallng l•as•s Operating leoses are recognlsed overlhe period of which the lease falls due. Benefits received ond receivable as an Incentive lo sign an operating lease are recognised on a straight-line basis over the period of the lease. 38
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrfED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) Accounllng pollcles {conllnved) 2.16 Penslons Employees of the Charity ore entitled to joln a defined contribution 'money purchase. scheme. The Chority contribvtion is restricted to the contribution cfisclosed in note 27. The costs of the defined contribvtlon scheme are included with the assocloted staff costs and allocated Iherefore to ralslng fund5, charitoble acttvities ond support costs and chcyges to the unrestricted funds of the Charity. Pensions are allocated lo actFVities and funds in line with staff pay costs The money pwchase plan is managed by Peoples Pension and the plan invests the contributions mode by the employee and employer In an investment fund to build up over the term of the plan. The pension fund is then converted inlo a pension upon the employee's normal retlrement age which is deftned as when they are eligible for a state pension. Employees that have previously been on the NHS pension scheme before jolnlng the ChaFity. have on optton to continue this scheme provided the crlteria have been met. The Charity ha5 no liabifity beyond making ils contributions and paying across the deductions for the employee's conlributions. 2.17 Fund accounllng General funds are unresfricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds whlch are to be used In accordance with specific resfilctions imposed by donors or which hove been raised by the Group for porticular purposes. The costs of raising and admlnislering such funds ore charged against the specific fvnd. The aim ond use of each restrfcted fund is sel out in the notes to the financial statements. Investment income. gains and losses ore allocated to the appropriate fund. 2.18 Key accovnffng esllmates and as$umptlon$ Accounting estimates. by definition, wlll often vary from actval results. They are conlinually evalvated and are based on historical experience and other faclors, including expectations of future events that are deemed to be reasonable under the circumstances. Th& notLre of the estimates and assumptions that hove a significant risk of causing a moterial odjvstment to the carying amounts of assets and liabilities withln the next year are addressed below. The canylng amount of the estimates ond assumptions ot Ihe year-end are disclosed in the relevanl note to the accounts Usefvl economic Ilves of tangible assets: The annual depreciatlon charge for tongible assets is sensllive to changes in the estimated useful economic lives ond residual values of the assets, which are ressesSed annually. They are amended when necessary to reflect current estimates, based on technological advancement. future investments, economical utllisation and the physlcol condition of the assets. Useful economic lives of intongible ossets: The annual amortlsolion charge for intangible assets is sensltlve to changes in the estimoted useful economlc lives and residual volues of the ossefs. Nvhich are reosse55ed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments and economic ulllisation. 39
THE FORGET ME NOT CHILDREN'S HOSPICE UMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (contlnued Accounffng pollclè$ (contlnved) 2.18 Key accounHng estlmales and ossumpHons (conllnued) Valvation of gifts in kind.. Gifts in kind are included within the accounts al an estimated value. The estimated value is based on the value the Chority would have been required to pay for equivalenl services. CrlNcal accounllng esllmates and areas of Judgmenl The preparation of these financial statements require management to make judgements. estimates and assumptions that affect the opplication of policies and reported amouns of ossets and liabilities. income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factor5, including expectations of future events thot are believed to be reasonable under the circumstances. The Chority makes estimates and 055umptions concerning the future. The resultlng accounting estimates will, by definltlon. seldom equal the reloted actual results. Trtd¢rnip lknbithd•d hthid•d Tl¢v 141.674 4W.708 996.213 ¢ts6.213 4gC+ 708 32 IriEnds& Fl.4 230.? 10.085 J.926 7.1 i.¢w n5 6.215 118 154 10,oe5 93.Q26 ¢& 28.83D 28,8)6 2e.836 77.2PI 77.611 I..751 .0lJ.124 J7.387 2>ts67 48.000 14.TJS 22867 35.ODO 75.2 14 ?35 7J2J2 4eT ?4A67 10.ODO io.ooo eo.6•8 567AI8 22.500 67A18 531.B49 Ih 1 551,e4? 15,009 37650 13.409 6,514 TS.0fy) JT050 iJ,4QO tiow •.273 4.273 I.012 •43,120 63 8$2.13¢ 431499 4)IA99 431ADO 411 bf1¥¥12Q24.. t431.4fy9lkkn 1$1 t2024. ¢1 0fy4 r•12Q24. 40
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {contlnu•d) 34 206 33.d3e 15.241 Nh5144d& 80 J$6 SQ 086 15 120 4Q2fjCw 491¢ 541,71Q TOP.2vS 6aO.Q27 248J12 337A 2025 2024 Unr••trkhd trted 8 Oth•r In¢•m• Trthinng ncorne 15.442 P.396 4.012 Cerfral. Cotinlng Care lund$ Red44tsymwé OF 1rt4resl re¢oked 4.620 332,5 24.914 6.563 394.th9 543.069 22,988 4.270 587.135 9 •Ady•l• •1 Re5•utte• ead IJIMrt ¢•lb Alg(qhd C•• Tar41 C•ts 2925 2025 2025 Cost of y9liJnry Far9d$4 tr¢ding". COSt$ d geod5 Jald and ¢9 Fundtatsing tradiNJ.' OF 46P.371 1.814.9P6 148.056 2.432.623 I48.7 6J7.032 T.814,996 288.224 2.720.872 140.168 286.24 ChwtttJbt aLy•V•s. ¢ar¢ 2.718.310 P79.294 3.697 604 T•td ai 2025 5.150.933 1.267.543 6.418.476 2024 2024 2024 Fvhdrai&¥)g tr#ditvJ'. co>1$ d 9Oods ipld ond ¢tysts Fvndrol$kn9 tradha.. ¢ols ¢F $ 421,410 1.581.861 257,538 2.200.8OP 132.PlP 554.J2P 1.581.667 38S.555 25211 128.017 2JQ.P36 Chorhabl& tsir• iqrvir 2,394,838 81.227 3.27,0¢5 T•1 ai 2024 4.655.647 1.142.163 5797 810 Th1¥ Is trthdofkr <lwrylng:' Dépf*i41i¢fft ¢F owngd laryibl• liwj tt¥wl& Avdilty's r•mLm•ro15 Oparaliry IgqS95 2025 2024 199.537 T8.11)0 162.666 134,392 13.8 184,650 41
THE FORGET ME NOT CHILDREN'S HOSPICE LiiirrED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IIARCH 2025 (cortlnued)
I l Board d Tn••lw•lDir•ckn'
Tkn Booid d Te& during the r swvad c4) o thary kn5t$ ond no ifflnunwalirJn kn Ihr swit¢8$ 1¢ tho CLYnpuny12024.'
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2024
Slafl
THE FORGEf ME NOT CHILDREN'S HOSPICE LIMITED
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (contlnued)
13 lrtangl>lp Assds
C•
Ai 31 Morch 2023
Addtons
DISP15
Ai 31 Marth 2tr24
Al 31 Mor¢h 2024
Additkjns
Dp0sl$
Al 31 Morch 2025
33.077
33.077
33.077
33.077
33,077
33.077
33,077
33.077
Al 31 Morch 2024
Chorge for the yetTr
Disp¢>sols
31 Morch 2025
133.oni
133.0771
At 31 Marth 2tr23
CJ)q¥ge l¢x the year
DpSaI$
31 M¢Jrth 2(Y24
133.0771
133.0771
133.(J77
133,077
133.(Y71
133.077i
b••k vahje
Ai 31 March 2025
At 31 Morch 2021
4 31 Morch 2024
37 Moith 2023
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THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {contlnu•d) 15 InvmEnt in tmdlng 2025 2025 2024 Gr•vp 2024 end •f t1 F FlqoM•n• A¢t•yhl I50.0 Iso.000 151.669 151,669 150,000 150.001 151.669 151,670 Gravp 2025 2024 2025 2024 F1$hed g¢lDd5 ond gaS lor resale 17,735 13.707 1.500 Orwp 2•25 2024 202$ 2024 Amtsynts owed by vndwi¢Jkngs Trad• d•&¢r6 Ojhor dbtrors 443.970 338.430 341.319 3,999 16.927 270.146 16,927 33,109 51,912 23,157 413.499 51.912 2.450 324. 379.559 The loun lo FMNf Tr(Jdi9 Lynted Irom kn Charly un vnsecvra, ird•r¢$t FreE loan whKh is Yyyq61e ¢n dThond. 18 Cr•dhor$i Amounts •n• ydqr 202S 2024 202S 2024 Amou ¢w•d lo sub$idhiry iJhdertok1Th9 (BILS loon Key Fvnd lots Tr4de ttdors Othar ¢reder$ Taxation ond so¢hl s•curty Accrvols and delerred k)e¢me 30,IXK) 23,¢0 120,796 39,2( 72,610 168.733 454,125 30,• 54,301 I¢X>.428 54,359 35.560 57.289 130.618 30J.820 64,201 20,191 64.45? 62.481 271,693 79,678 83,120 323,063 Tkn CBILS wo$ ovl in FMNT Trodw)g tsd lu whay owngd SUld4rO[ th Chur'tyi IFrou9h Uoyds Ba. An am¢vré of £150.(XXI was oul n ILinè 2020 QNJ was titpitol and intere free f¢r the fATsI 12 rnorlhs'repayuble 0¥tr 72 months 160 aFter eopttol holidoy ond free periDdl. The menthly eopknl repoyThff* is £2.5(X) and hor• 2.03%+ bose rak per anrnjm. th•rdor• am1 dve Wrfh oné y•vr £30.1100. The KeyFvnd Loan wg$ taken ovl in Jonuory 2025. The loon bs £115.4K. whK4) WO1 poid ba£k cw 60 month$. The monthly ¢•pknl r•potr 15 £1.923.34 the morthly payuble ty £625.08 thich 1$ 6.5% per y¢¢r. Th• omovrd dve ane yeor 1$ £23,080.
THE FORGET ME NOT CHILDREN'S HOSPICE LIMrfED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (¢ontlnu•dl 79 Cr•dfv•rsi Ammi fth• dft¢r m•r• Ilwi •M )wr Grwjp 2025 2024 2025 2024 C8Jl$ loans ond ¢11 197.897 705.5(K) ioo,000 68,ryX> The C611s loan Olrf n FhiNt TrodwYJ lid lo wholly owned svbstdioryof Chorl>4 throvgh Uoyd5 Bar&. am¢urt 01 £150,CKJO was lakem 2(r20 and wty$ £apAal and Ir¢• loi lir4 12 months'lepobl¢ ovw 72 rnprth$16Om#rdhs olier th• e4pl41 Ipjuy othd itere free periodl. Th# morthly ¢opèol r¢pOt is £2.5(X) ohd in1¢r• h 2.03°.v"+ basa role w am)m. Th• ovlstard#wJ I1<e al CBII5 lo•r ol yefjr end wos £37 $0012024.. t67 5ryJl, arnouth ltslling rnor• one yaor B £7.500. Key Fvnd loan was tok ¢vl Cknrty lor pvrpost ol C8mmweKJl ond TrodYvJ 4dNty. A l¢an J £I15.4( was tok) tyjl 47 Jonvary 2025. Icar4 repoyoble over 60 months ond the rnorthly eaplal poymér4 i¥ £1,923.34 the morthly r48r PO>Wt8rn h £625.08 which i% 6.5tyr per year. The loan bol¢nce al y¢ar end wos £113.477, th•rdoTe fjm¢vnl payabje in moré k> £90.397. The ehtrrtyf•ctrved on oddtyK>MI 232.(W kn Mard) 2025 bTingM9 th? investrnèrt loan 1¢ o Idol ol £l(K).O(K). Thi% ty iowords ¢ lolwy tan4)own whith 15 vnwcvrd. Iré ond F•ptsyabJe vrA8r lavourable Iwms d•p•ndww cn the r•Jrn on nvwlmv. 20 thar•abk FuThdraiskng h¢r Or•vp A D•l•trd IrMe tti l Aprd 2024 Relea48d Ir¢m W•ViOL45 year$ D•larred in the year 9,070 (9,07¢J 36,034 9,070 (9.07Q 134,714 14.930 83,750 D•f6rred ncom8 al 31 Marth 2Q25 36,034 14,930 83.750 134.714 D•l•rw•d In¢om• Dderred Ineomé 41 l Aprl 223 R•leused from prévbjvs yeors Dd*r¢d in tho ¢vrr•rt 01 261,835 P61,8351 9,070 4,435 14,4351 25,7Q9 P5,79PI 292,069 1292.009 Dol•rr•d hcome ai 31 2024 9.070 9.070 45
THE FORGEf ME NOT CHILDREN'S HOSPICE LIMrrED NOTES TO THE CONSOUDATED FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2025 (contlnu•d) 21 Ikwjp Fwbds IN•mlTrg 00•14 M•vem•nt Unr•fftltt•d Iwjds 3,428.395 5,745,377 15,3197251 150.( 3.804.047 Medical Eqvrnert Fomilyatlr•lt¢$ servK•& D•coThyl¥)n and R¢h¥rbtsl¥nert Bedrotym 5 Refvrbk%kner HlgIV$th0Id fvrb4 EV Chqrgv¥ P0rf5 Fre Doot wa.tA Coye and c¢sh. Per) SwvK• Cfjre ond CO5- PtsnhiIP Care Core and Pknsing Cthts. End d Lée 5ervire 18.809 64.599 I18,) 164,59 15.((¥J 11.41J¥ (I¢1.5 14.5(Kg1 13.(KK)i li.ot 11 T551 17.75q 145,1821 5.2321 2,5491 1567.4181 70.5 115.875 7.750 SUDIC Vk. Caphl Fvnd Improvrg 4tsaltyDrd dp•er$hy Erwjlad. ChldreTh'$ Palli¢ Cfjr Grort Th•Brod Ilarknbl• Trust. Rossdl Hwi• copogl hy0¥th7ents I¢r¥. Reo& Comrnvnll F4rnly ServKw P4yCosts Garden Covnsenrg Room Ironn9/EdvcolKfft VoJvNS lo Corp£r Mu$k Therapy Mem¢)ry rnak PwinolalServie• Poycosls Glis inKhd 75.232 22.549 5O7A18 i(o.oco Try).Ct 65,963 14.735 165,9031 114.7351 122.9231 (7.500) li.( 15.4341 IIQ,IK 128,836 11,099,214 22.923 5.434 io,(MJ) 28,836 1,074,891 124.323 Iw,cx)o hnds 50.tsXI 50.1 Tthl Fwbth 3,552,718 6.820.248 16.418.939 3.954.047 Swnmwy d Fw&. <urrenF Br•¥ilh• a0•11 Al•vem•N Unr•*lrkkd lund• 3.428,393 124,323 5.745.377 1,074.891 1S.319 X251 11,099,2141 150,0001 3,804.047 i(x).o 50.IX 3.P54,047 50.IXXI 3,552.718 6,8XJ.268 16,418,939) We received restricled funds of £18,9 which w05 all spont on e55ential equipment. Grant amounts of £64.599 were received for larrA octTrvities and all spent during the year. Grant amount of £5.CK)O fc¥ intemal fumishings was received and all spent during the year. Gronts caTried forward of £1.400 w05 all spent dLThing the year on essenliol bedroom 5 refiJrbishment We received 2 grants for heoting. and Ihis wos spenl during the yeor A grant received for EV charging points of £4)8 was spent during the yegr We received o wnl of £3,IXJo towards th8 Cost of Flre Door replacement and this w05 Spent dvring the year During the year we recerved o syont of £l,QJO for Perinotal support and thls was all spent dLfftng the ye We recolved grants toward5 the Palllative Care serytce of £115,875 whlch was all spent during the year Durfng the yeor we received £7,750 towords our End-of-Life servlce which has oll been spent dvring the year. 46
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {Gontlnued} 21. Grovp Fundi (conunved) We received séveral byants towards our SUDIC séNice of £45,182 which has all been spen* dLfflng the yeor. We received £75,232 from Hospice UK to fund capital item5. This was all spent during the year. The NHS England annual grant of £567,418 r5 for children's palliative care costs and was all spent on acfvities during the year. We corried forward a gronl of £IOO,000 from The Brook Charilable Trust this year. restricled for capital Improvements Ot Russell House. Thi5 has not been spenl dvring the year and wllll be coTht8d foard towards cor pork works In 2025126. We received o grant of £20,265 toword5 improving eqvafity and diverslty in Hospice Cor8 which hos oll been spent during the yeor. We received a clalm to svpport eqvalty and diversityfor capltd equipment of£2,284 which was oll spent during the yeor. We recelved a Lottery- Reachlng CommunltS85 grant for £65.963 which was all sp8nt during the year. During the ye(Y we received a grant to support our Famlly See$ of £14,735 whlch wos all spent dvring thè yéar There were numerovs grants for therapy seNlces such a5 music therapy, memory makllig and EMDR oll spent durfng the year. We recetved £9,837 for carè leomlng and develownent whlch was all spent during the year. We received a grant of £14,735 to fund pay costs in cmjr famity Services team which was all spent during the ye(x. We carried over a gront of £22,923 lo build our garden counselling room which has be8n Spent dwing the ye(T We recetved a gront for engaging volunteers inlo coreers tor £7.5CKI which was spent during the year We recelved o grant of £l,QIJO for our music Iherapy seNices which was oll spent during the year. We received o grant of £5,434 during the year for c4Jr memory making octivities. whlch was dl spent dLKing the year. Durfng the yeor. we recewed a grant of £1 0.000 for our Perinatal Service5 and It wa5 al spent during the ye(T During the year. We recelved various gifts In kind of £28A36. restricted f<x sp8clflc purposes and as such all spent dumg the year. 47
THE FORGET ME NOT CHILDREN'S HOSPICE LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (contlnued)
Trustees agreed to designcrte a fund of £50.0 this financral year for addressing p(ry gaps ond the
chollenges this might bring in 25126, ycifical around recruitrnent and retention.
22 ol Ivnd•
31 Mar
THE FORGEf ME NOT CHILDREN'S HOSPICE UMfTED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025 (continued)
Op•Mikny IBa5e
As &131 Marth 2025 ihe Group and t Charlty comrnitments to m4keluiure mininum le•5e paymems under nOnl811ab1t opevatlng
leases as fdlows..
Or•up
202S
2024
i•nd qnd
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¢pwaIkn91•o loll dut w loNtrws'.
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THE FORGET ME NOT CHILDREN'S HOSPICE LIMrrEO NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 {contlnued) 31 Prfnclpal subsldlarfes The followlng was a svbsldary vnderhyklng of Ihe Chartty. Name Compary nun•r Reglslered ofnc• or pknclpal plac• of 1nl FMNT Trodlng 06332 Forget Me Not chCken'S Ho¥)ice. Ru558N Hov5e, F811 Management and Greave Road. Hud¢Jeld. HD2 1 NH OP8Tation of Chortty5hops aoss of shw Holthng Inelud•d In conwlklall•)n olnary Ye$ The finandol results of Ihe wb&dlory for the yearwere.. Nom• Incom• Exp•ndllvre Prollllorlh• y• N•t FMNT Trodng ltrntted 2.131.118 316.123 307AJ8 The followlng wa5 a 5ubsldlary undertaklng of the Charfty.. Nam• Company number R•glsleTed offlc• w prfnclpal plac• ol Prfnclpal actfv FMN CGfflmorcl¢Jl Ltd CMs ol shryes 161(D255 Forget Me Not Chklren's Hryfce. Russell House. Fell Greave Rood. Hudde1d. HD2 1 NH cc*nmckJ1 Octlty lo 5UPPOrt charfty Ilol(In9 Includ•d In ¢orndMallon Ordlnary Icu% No th The subsidiary was incorporated on 25 November 2024 but has not cornmenced trading during the year. 50