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← The Butterfly Hospice Trust

2024-07-31-accounts

REGISTERED COMPANY NUMBER: 05325476 (England and Wales) REGISTERED CHARITY NUMBER: 1113697

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

THE BUTTERFLY HOSPICE TRUST

Dexter & Sharpe Chartered Certified Accountants & Registered Auditors Rollestone House 20-22 Bridge Street Horncastle Lincolnshire LN9 5HZ

THE BUTTERFLY HOSPICE TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 7
Report of the Independent Auditors 8 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 25
Detailed Statement of Financial Activities 26 to 28

THE BUTTERFLY HOSPICE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2024

TRUSTEES Mrs K E Roberts Mrs L Lenton Mrs C Bonneywell (resigned 21.5.2024) G Samra Mrs D Oldham (resigned 18.9.2024) D Hamilton N Dunmore Mrs N Effield (resigned 14.8.2024) Mrs N L Simmons (appointed 21.5.2024) REGISTERED OFFICE The Butterfly Hospice Rowan Way Boston Lincolnshire PE21 9DH REGISTERED COMPANY 05325476 (England and Wales) NUMBER REGISTERED CHARITY 1113697 NUMBER AUDITORS Dexter & Sharpe Chartered Certified Accountants & Registered Auditors Rollestone House 20-22 Bridge Street Horncastle Lincolnshire LN9 5HZ SOLICITORS Chattertons Solicitors 28 Wide Bargate Boston Lincolnshire PE21 6RT BANKERS Barclays Bank PLC 52 Market Place Boston Lincolnshire PE21 6LU

Page 1

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objective is:- "to relieve sickness and suffering and to promote the spiritual well-being of adults in South East Lincolnshire requiring palliative care by the establishment and maintenance of a hospice and associated services."

Our strategy for achieving our objectives continues to be by developing our organisation and encouraging interaction and activities with the various communities supporting the hospice. This is achieved by networking, consultation with our partners and communities. The Trust and clinical staff and volunteers are encouraged to participate in internal discussions and support the prioritising of various areas of development. The Trust continues to develop partnership working and to encourage multi-service use of the Hospice for the benefit of patients and families.

The ongoing working relationship the Trust continues to develop with the NHS Lincolnshire Integrated Care Board is vital to ensure the provision of services most needed to serve our communities.

Fundraising is vital and we have an ongoing wide programme of fundraising activities planned for the next twelve months and these, together with our retail activity and the highly valued efforts of a number of other community organisations and corporate supporters, will continue to increase our funds. We continue to provide speakers to other local organisations in order to widen community understanding and support for our aims and objectives.

Public benefit

The activities undertaken by the charity to further public benefit include the provision of free 24-hour patient care in the hospice for those who need it funded by the income taken from the shops under the control of the charity and the fundraising activities carried out. In addition to the clinical service provided, the Butterfly Hospice provides pre and post bereavement therapy by providing compassionate, and personal support to people affected by the challenge of a life-limiting illness or bereavement. The therapy service is an organisational member of the National Counselling Society, and the National Bereavement Alliance.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Relationships with related parties

The trust continues to maintain relationships with a wide range of local and regional organisations which include other local third sector organisations, local councils, Lincolnshire NHS Trusts, NHS Lincolnshire Integrated Care Board and others.

Page 2

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024

Achievements & Performance

A Decade of Care

The year 2023-24 was a year of celebration, as the team marked our 10[th] year of hospice care. This was the year to shout about our achievements; from an ambition that began at the turn of the Millenium to a much-needed and highly valued community service. Looking back on the 10 years since admitting our very first patient, brought about a strong sense of pride in what had been achieved year on year. More importantly the impact this has had on people’s lives as they enter our hospice doors. The team set about showcasing the work of the hospice.

To commemorate the tenth anniversary, a new 10-Year Stamp Mark, symbolising transformation, hope, and rebirth was unveiled. A Decade of Care video was also produced, capturing the stories of patrons and founding members, and celebrating the journey of the Hospice.

August 2024 gave tribute to all people past and present, who had contributed to the Butterfly Hospice Story. The pinnacle of which was the ‘Celebration of a Decade of Care’, where the community came together at the Boston Stump. This is the church where the hospice seed was sown in 2000, and where this year, local people gave thanks and remembrance for the community effort. Founding members and those new to the Butterfly Hospice, all united as one.

Butterfly Hospice staff: A Celebration of a Decade of Care at St Botolphs Church

Meanwhile at the Butterfly Hospice, the anniversary was marked with an intimate gathering of people – those needing care, their loved ones and the dedicated hospice team who are with them by their side. The Butterfly Hospice, the place where togetherness and compassion is central to the care.

Page 3

THE BUTTERFLY HOSPICE TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024

A Call to Action: Sustaining our Future

Our fundraising efforts for the year, particularly for in-memory events were very well attended, Light up A Life (Winter) and Butterfly Release (Summer) both captivate our audiences and showcase the amazing work of the hospice.

Our staff, trustees and volunteers continue to promote the charity in every which way they can. Our presence across the south and east of Lincolnshire is incredibly strong – through attendance at community events, village fetes and business charity days.

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Longstanding and loyal support from local golf clubs has been particularly strong, as have our connection with the Lincolnshire Chamber of Commerce who have been brilliantly supportive in helping us to raise our profile through their networks.

This year we have showcased 2 highly successful Casino Nights – bringing a different ‘spin of the wheel’ to our traditional fundraising activities.

Releasing a butterfly – one special moment where people come together

We enjoy our close connection with people and our Retail Division is key to our continued success in raising income, but also to share with customers the vital service provided at the hospice.

Casino Night: Hosted by Peugeot Taylor, Boston

This year we fully embraced technology and installed digital screens in the shops to bring our service into sharper focus. Feedback from the general public has been very positive, and interest in stock has been generated. Vitally people are talking about the hospice and are understanding what it does for people - the promotional video was key to this success.

The beating heart of Retail comes from our Furniture Warehouse & Donation Centre in Boston. Here we have the most superb team of staff and volunteers who provide an excellent service on site, and through their popular collections and delivery service.

Wellbeing Service Expands

Demand for the Butterfly Therapy Service continues to grow and in response, the Trust has invested in an increased team of staff.

Butterfly Therapy: A place to belong

The number of wellbeing groups have also grown, with sessions dedicated to support the social and emotional needs of people who have a lived experience of bereavement or those who have a caring role for a loved one with a life-limiting illness. Meanwhile 1:1 counselling sessions continue to run from the Therapy Village, as well as telephone, home visits and video-conference calls.

The Trust has invested into this service from legacies received, as well as being proactive in accessing grant funding. This has become a valued service in the community. With excellent links with other local groups and organisations, there is confidence that more people will continue to be helped in the years ahead.

Page 4

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2024

FINANCIAL REVIEW

Policy on reserves

During the year, the board of trustees conducts an annual review of the level of unrestricted reserves not committed or invested in tangible fixed assets ("the free reserves") in the general fund, by considering the risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient: i) to allow for reorganisation in the event of a downturn of income or asset values ii) to protect ongoing work programmes. Under the constitution, the charity has the power to make any investment which the trustees see fit provided appropriate advice is taken from a professionally qualified person under the Financial Services Act 1986.

Principal funding sources

The principal ongoing funding sources for the charity are currently by way of donations, fundraising activities and our retail division consisting of premises in Boston, Spalding, Horncastle, Louth, Bourne and Wisbech.

Investment policy and objectives

The trust seeks to maximise income without putting funds at risk. The trustees will continue to monitor the needs for investing funds on a regular basis.

Risk management

The trustees actively review the major risks which the charity faces on a regular basis and, combined with an annual review of the controls over key financial systems, they believe the charity could provide sufficient resources in the event of adverse conditions.

Page 5

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2024

STRATEGIC REPORT

Principal funding sources

The principal ongoing funding sources for the charity are currently by way of donations, fundraising activities and our retail division consisting of premises in Boston, Spalding, Skegness (closed July 2023), Louth, Bourne and Wisbech.

Investment policy and objectives

The trust seeks to maximise income without putting funds at risk. The trustees will continue to monitor the needs for investing funds on a regular basis.

Financial review

Reserves policy

During the year, the board of trustees conducts an annual review of the level of unrestricted reserves not committed or invested in tangible fixed assets ("the free reserves") in the general fund, by considering the risks associated with the various income streams, expenditure plans and balance sheet items. This enables an estimate to be made of the level of reserves that are sufficient: i) to allow for reorganisation in the event of a downturn of income or asset values ii) to protect ongoing work programmes Under the constitution, the charity has the power to make any investment which the trustees see fit provided appropriate advice is taken from a professionally qualified person under the Financial Services Act 1986.

Financial and risk management objectives and policies

The trustees actively review the major risks which the charity faces on a regular basis and, combined with an annual review of the controls over key financial systems, they believe the charity could provide sufficient resources in the event of adverse conditions.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Butterfly Hospice Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

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

In so far as the trustees are aware:

Page 6

THE BUTTERFLY HOSPICE TRUST

TRUSTEES’ REPORT CONTINUED FOR THE YEAR ENDED 31 JULY 2024

AUDITORS

The auditors, Dexter & Sharpe, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 12 November 2024 and signed on the board's behalf by:

Approved by order of the board of trustees on 12[th] November 2024 and signed on its behalf by:

Lorraine Lenton Trustee, Chair

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE BUTTERFLY HOSPICE TRUST

Opinion

We have audited the financial statements of The Butterfly Hospice Trust (the 'charitable company') for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE BUTTERFLY HOSPICE TRUST

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Nicola Lenton, FCCA (Senior Statutory Auditor) for and on behalf of Dexter & Sharpe Chartered Certified Accountants & Registered Auditors Rollestone House 20-22 Bridge Street Horncastle Lincolnshire LN9 5HZ

12 November 2024

Page 9

THE BUTTERFLY HOSPICE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Shop income
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Management & Administration
Hospice costs
Therapy costs
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
292,240
713,625
77,321
17,252
7,531
1,107,969
558,326
342,669
196,128
-
1,097,123
10,846
(200,000)
(189,154)
2,154,841
1,965,687		 Restricted
funds
£
35,975
-
359
-
-
36,334
-
-
6,510
54,643
61,153
(24,819)
200,000
175,181
524,410
699,591		 2024
Total
funds
£
328,215
713,625
77,680
17,252
7,531
1,144,303
558,326
342,669
202,638
54,643
1,158,276
(13,973)
-
(13,973)
2,679,251
2,665,278		 2023
Total
funds
£
867,230
687,960
41,745
4,067
7,230
1,608,232
507,654
292,427
239,489
-
1,039,570
568,662
-
568,662
2,110,589
2,679,251

The notes form part of these financial statements

Page 10

THE BUTTERFLY HOSPICE TRUST

BALANCE SHEET 31 JULY 2024

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,049,066
67,895
893,664
961,559
(44,938)
916,621
1,965,687
1,965,687		 Restricted
funds
£
464,078
-
237,388
237,388
(1,875)
235,513
699,591
699,591		 2024
Total
funds
£
1,513,144
67,895
1,131,052
1,198,947
(46,813)
1,152,134
2,665,278
2,665,278
1,965,687
699,591
2,665,278		 2023
Total
funds
£
1,468,762
56,347
1,187,956
1,244,303
(33,814)
1,210,489
2,679,251
2,679,251
2,154,841
524,410
2,679,251

The financial statements were approved by the Board of Trustees and authorised for issue on 12 November 2024 and were signed on its behalf by:

L Lenton - Trustee

K E Roberts - Trustee

The notes form part of these financial statements

Page 11

THE BUTTERFLY HOSPICE TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
4,679
4,679
(78,835)
17,252
(61,583)
(56,904)
1,187,956
1,131,052		 2023
£
590,821
590,821
(199,312)
4,067
(195,245)
395,576
792,380
1,187,956

The notes form part of these financial statements

Page 12

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 JULY 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2.

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase/(decrease) in creditors
Net cash provided by operations
ANALYSIS OF CHANGES IN NET FUNDS
At 1.8.23
£
Net cash
Cash at bank and in hand
1,187,956
1,187,956
Total
1,187,956		 2024
£
(13,973)
34,452
(17,252)
(11,548)
13,000
4,679
Cash flow
£
(56,904)
(56,904)
(56,904)		 2023
£
568,662
33,809
(4,067)
(7,045)
(538)
590,821
At 31.7.24
£
1,131,052
1,131,052
1,131,052

The notes form part of these financial statements

Page 13

THE BUTTERFLY HOSPICE TRUST

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

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

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Administration expenditure

Administration expenditure includes all expenditure not directly related to the charitable activity or fundraising ventures. This includes the costs of running the office premises and governance costs. Administration costs are allocated to expenditure on the raising of funds or on charitable activities as appropriate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - not provided
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.3% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 14

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
Gift aid
Legacies
Grants
Lottery income
Grants received, included in the above, are as follows:
Boston Borough Coucil
Lincolnshire County Council
Lincolnshire Volunteer Engagement Team
Alan Boswell Group
Other grants
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest		 2024
£
86,459
33,146
167,617
31,150
9,843
328,215
2024
£
1,000
18,750
5,000
6,400
-
31,150
2024
£
77,680
2024
£
**17,252 **		 2023
£
142,092
2,285
646,109
70,138
6,606
867,230
2023
£
-
-
-
-
70,138
70,138
2023
£
41,745
2023
£
4,067

Page 15

continued...

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

5. INCOME FROM CHARITABLE ACTIVITIES

Activity
Shop income
Shop income
Furniture & electrical sales
Shop income		 2024
£
623,547
90,078
713,625		 2023
£
625,945
62,015
687,960

6. RAISING FUNDS

Raising donations and legacies

Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Rent
Bank charges
Goods for resale
Internal fundraising events
Cleaning
Legal & professional
Courses/Training
Repairs & renewals
Subscriptions
Retail consumables		 2024
£
218,492
7,717
3,016
11,177
3,904
1,737
771
68,680
4,655
770
-
1,673
3,747
138
12,346
1,866
4,218
344,907		 2023
£
197,021
4,736
3,656
14,863
3,831
3,382
551
82,964
5,261
1,715
188
1,112
1,870
143
17,471
190
-
338,954
Other trading activities
Purchases
Staff costs
Warehouse rent
Rates & water usage
Insurance
Light & heat
Bank charges
Cleaning
Courses/Training
Telephone
Motor expenses
Sundry expenses
Stationery & advertising
Carried forward		 2024
£
45
70,054
22,605
2,543
3,779
3,585
768
1,787
329
1,123
10,265
370
1,640
118,893		 2023
£
151
44,377
22,660
2,739
3,137
2,161
627
506
-
433
12,181
150
2,515
91,637

Page 16

continued...

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

6. RAISING FUNDS - continued

Other trading activities - continued

Brought forward
Repairs & renewals
Subscriptions
Retail consumables
Fundraising costs
Aggregate amounts		 2024
£
118,893
5,315
354
460
88,397
213,419
558,326		 2023
£
91,637
5,519
65
-
71,479
168,700
507,654

continued...

Page 17

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

7. CHARITABLE ACTIVITIES COSTS

Management and administration
Staff costs
Cleaning costs
Light and heat
Catering costs
Goods for resale
Fundraising expenses - internal events
Motor and travel
Courses/training
Rates and water
Insurance
Telephone and internet
Repairs and renewals
Postage, stationery, advertising, printing
Subscriptions
Legal & professional
Accountancy & bookkeeping
Audit
Sundry expenses
Depreciation
Release of grant
Bank charges
Hospice Costs
Rates and water
Motor and travel
Telephone and internet
Postage, stationery, advertising, printing
Bank charges
Insurance
Light and heat
Maintenance, repairs & renewals
Courses/training
Catering costs
Cleaning
Sundry expenses
Depreciation
Release of grant
Subscriptions
Therapy garden expenses
Wages and salaries		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
7,279
(194)
-
-
10,575
17,660
17,660		 Unrestricted
Funds
£
187,183
4,193
10,416
-
18
-
2,896
1,839
1,975
16,783
3,124
55,852
19,535
3,550
16,449
3,782
4,500
1,537
9,213
(47)
6,908
349,706
10
-
328
3,837
93
-
-
32,842
445
14,458
6,716
1,496
16,561

-
720
-
164,649
242,155
591,861		 2024
£
187,183
4,193
10,416
-
18
-
2,896
1,839
1,975
16,783
3,124
55,852
19,535
3,550
16,449
3,782
4,500
1,537
9,213

(47)
6,908
349,706
10
-
328
3,837
93
-
-
32,842
445
14,458
6,716
1,496
23,840
(194)
720
-
175,224
259,815
609,521		 2023
£
183,207
1,006
12,064
106
190
66
2,785
2,190
1,386
8,509
2,299
29,890
12,390
6,103
584
4,163
4,500
1,458
10,966

(70)
8,635
292,427
327
65
250
635
85
3,052
2,000
24,965
30
13,990
7,418
2,882
22,843

(215)
785
952
159,425
239,489
531,916

continued...

Page 18

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Management & Administration 4,500

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Depreciation - owned assets		 2024
£
4,500
34,453		 2023
£
4,500
33,809

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.

11. STAFF COSTS

Wages and salaries
Social Security Costs
Pension Costs		 2024
£
668,315
39,859
9,243
717,417		 2023
£
597,517
37,418
8,828
643,763

The average monthly number of employees during the year was as follows:

Hospice
Management
Retail and Warehouse
Fundraising
Therapy		 2024
13
5
17
3
2
40		 2023
12
5
17
4
-
38

KEY MANAGEMENT PERSONNEL

In the year to 31 July 2023, Key Management Personnel received emoluments totalling £157,740 (2023: £159,034).

No member of staff was paid more than £60,000 in 2024 or in 2023.

continued...

Page 19

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
763,728
Charitable activities
Shop income
687,960
Other trading activities
41,745
Investment income
4,067
Other income
7,230
Total
1,504,730
EXPENDITURE ON
Raising funds
507,654
Charitable activities
Management & Administration
292,427
Hospice costs
200,031
Total
1,000,112
NET INCOME
504,618
RECONCILIATION OF FUNDS
Total funds brought forward
1,650,223
TOTAL FUNDS CARRIED FORWARD
2,154,841
Restricted
funds
£
103,502
-
-
-
-
103,502
-
-
39,458
39,458
64,044
460,366
524,410		 Total
funds
£
867,230
687,960
41,745
4,067
7,230
1,608,232
507,654
292,427
239,489
1,039,570
568,662
2,110,589
2,679,251

continued...

Page 20

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

13. TANGIBLE FIXED ASSETS

COST
At 1 August 2023
Additions
At 31 July 2024
DEPRECIATION
At 1 August 2023
Charge for year
At 31 July 2024
NET BOOK VALUE
At 31 July 2024
At 31 July 2023
COST
At 1 August 2023
Additions
At 31 July 2024
DEPRECIATION
At 1 August 2023
Charge for year
At 31 July 2024
NET BOOK VALUE
At 31 July 2024
At 31 July 2023		 Fixtures
and
fittings
£
42,874
1,350
44,224
19,245
3,747
22,992
21,232
23,629		 Freehold
property
£
1,202,615
42,448
1,245,063
-
-
-
1,245,063
1,202,615
Motor
vehicles
£
2,895
-
2,895
2,380
129
2,509
386
515		 Improvements
to
property
£
34,340
-
34,340
3,434
3,090
6,524
27,816
30,906
Computer
equipment
£
35,262
1,285
36,547
28,502
2,655
31,157
5,390
6,760		 Plant and
machinery
£
302,480
33,752
336,232
98,143
24,832
122,975
213,257
204,337
Totals
£
1,620,466
78,835
1,699,301
151,704
34,453
186,157
1,513,144
1,468,762

continued...

Page 21

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Shop deposits
Other debtors
VAT
Prepayments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Fixed Asset Funds
Deferred Income
Accrued expenses		 2024
£
6,000
2,250
1,050
17,421
41,174
67,895
2024
£
17,249
8,131
1,836
13,010
6,587
46,813		 2023
£
-
2,250
-
21,291
32,806
56,347
2023
£
16,942
5,206
2,077
-
9,589
33,814

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2024
£
87,493
140,710
228,203		 2023
£
78,435
111,675
190,110

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 At 1.8.23
£
2,154,841
210,285
314,125
524,410
**2,679,251 **		 Net
movement
in funds
£
10,846
(18,309)
(6,510)
(24,819)
**(13,973) **		 Transfers
between
funds
£
(200,000)
200,000
-
200,000
-		 At
31.7.24
£
1,965,687
391,976
307,615
699,591
2,665,278

continued...

Page 22

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 Incoming
resources
£
1,107,969
36,334
-
36,334
1,144,303		 Resources
expended
£
(1,097,123)
(54,643)
(6,510)
(61,153)
(1,158,276)		 Movement
in funds
£
10,846
(18,309)
(6,510)
(24,819)
(13,973)

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS
Comparative net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 At 1.8.22
£
1,650,223
141,502
318,864
460,366
2,110,589
s follows:
Incoming
resources
£
1,504,730
103,502
-
103,502
1,608,232		 Net
movement
in funds
£
504,618
68,783
(4,739)
64,044
568,662
Resources
expended
£
(1,000,112)
(34,719)
(4,739)
(39,458)
(1,039,570)		 At
31.7.23
£
2,154,841
210,285
314,125
524,410
2,679,251
Movement
in funds
£
504,618
68,783
(4,739)
64,044
568,662

continued...

Page 23

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 At 1.8.22
£
1,650,223
141,502
318,864
460,366
2,110,589		 Net
movement
in funds
£
515,464
50,474
(11,249)
39,225
554,689		 Transfers
between
funds
£
(200,000)
200,000
-
200,000
-		 At
31.7.24
£
1,965,687
391,976
307,615
699,591
2,665,278

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
TOTAL FUNDS		 Incoming
resources
£
2,612,699
139,836
-
139,836
2,752,535		 Resources
expended
£
(2,097,235)
(89,362)
(11,249)
(100,611)
(2,197,846)		 Movement
in funds
£
515,464
50,474
(11,249)
39,225
554,689

RESTRICTED FUNDS

Restricted funds include income and assets donated or granted to the charity for specific purposes. The Hospice fund relates to the provision of care within the hospice facilities. The Therapy fund relates to the provision of therapy and counselling sessions made available for patients and their families and friends.

Transfers between funds

The trustees have decided to allocate £200,000 of legacy income to the Therapy project and a transfer has been made from unrestricted to restricted funds, accordingly.

continued...

Page 24

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2024

18. CAPITAL COMMITMENTS

Contracted but not provided for in the financial statements 2024
£
-		 2023
£
11,950

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

20. SHARE CAPITAL

The charitable company is incorporated under the Companies Act as a company limited by guarantee. No share capital has been issued. In the event of the company's winding up, each member may be required to contribute an amount not exceeding £1 as a contribution towards the debts and liabilities of the company.

Page 25

THE BUTTERFLY HOSPICE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Lottery income
Other trading activities
Fundraising events
Investment income
Deposit account interest
Charitable activities
Shop income
Furniture & electrical sales
Other income
Catering income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Rent
Bank charges
Goods for resale
Internal fundraising events
Cleaning
Legal & professional
Courses/Training
Repairs & renewals
Carried forward		 2024
£
86,459
33,146
167,617
31,150
9,843
328,215
77,680
17,252
623,547
90,078
713,625
7,531
1,144,303
218,492
7,717
3,016
11,177
3,904
1,737
771
68,680
4,655
770
-
1,673
3,747
138
12,346
338,823		 2023
£
142,092
2,285
646,109
70,138
6,606
867,230
41,745
4,067
625,945
62,015
687,960
7,230
1,608,232
197,021
4,736
3,656
14,863
3,831
3,382
551
82,964
5,261
1,715
188
1,112
1,870
143
17,471
338,764

This page does not form part of the statutory financial statements

Page 26

THE BUTTERFLY HOSPICE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024

Raising donations and legacies
Brought forward
Subscriptions
Retail consumables
Other trading activities
Goods for resale
Wages
Warehouse rent
Rates & water usage
Insurance
Light & heat
Bank charges
Cleaning
Courses/Training
Telephone
Motor expenses
Sundry expenses
Stationery & advertising
Repairs & renewals
Subscriptions
Retail consumables
Fundraising costs
Charitable activities
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Cleaning costs
Catering costs
Internal fundraising events
Motor & travel
Courses/Training
Repairs & renewals
Legal & Professional
Accountancy & bookkeeping
Bank charges
Release of grant
Subscriptions
Goods for resale
Carried forward		 2024
£
338,823
1,866
4,218
344,907
45
70,054
22,605
2,543
3,779
3,585
768
1,787
329
1,123
10,265
370
1,640
5,315
354
460
88,397
213,419
362,407
1,985
16,783
10,416
3,452
23,372
3,294
10,909
14,458
-
2,896
2,025
77,722
16,449
3,782
7,000
(241)
4,271
18
560,998		 2023
£
338,764
190
-
338,954
151
44,377
22,660
2,739
3,137
2,161
627
506
-
433
12,181
150
2,515
5,519
65
-
71,479
168,700
342,632
1,714
11,561
14,064
2,549
13,025
4,340
8,424
14,096
66
2,850
2,221
54,855
584
4,163
8,718
(285)
6,888
190
492,655

This page does not form part of the statutory financial statements

Page 27

THE BUTTERFLY HOSPICE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024

Charitable activities
Brought forward
Therapy Garden Expenses
Depreciation of tangible fixed assets
Support costs
Governance costs
Auditors' remuneration
Total resources expended
Net (expenditure)/income		 2024
£
560,998
-
34,452
595,450
4,500
1,158,276
(13,973)		 2023
£
492,655
952
33,809
527,416
4,500
1,039,570
568,662

This page does not form part of the statutory financial statements

Page 28