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2025-07-31-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 2025

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 2025

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 24

THE BUTTERFLY HOSPICE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2025

TRUSTEES Mrs K E Roberts Mrs L Lenton G Samra Mrs D Oldham (resigned 18.9.2024) D Hamilton N Dunmore Mrs N Effield (resigned 14.8.2024) Mrs N L Simmons Ms T A J Scoot (appointed 12.11.2024) Rev M Chambers (appointed 15.07.25) 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 (REGISTERED NUMBER: 05325476)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

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 2025. 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."

The Butterfly Hospice Trust aims to provide completely free, compassionate, person-centred palliative and end-of-life care in a safe, welcoming, home-from-home environment. Care is provided in a way that respects individual choice and promotes physical, emotional and spiritual wellbeing for patients.

The Trust is committed to supporting families and carers alongside patients, offering emotional and bereavement support to ensure they feel informed, reassured and supported throughout the care journey and beyond.

Partnership working remains central to achieving the Trust’s objectives. This includes a key clinical partnership with Lincolnshire Community Health Services NHS Trust (LCHS), which provides the clinical care delivered at the hospice, and The Sidings Medical Practice. The Trust also works closely with the NHS Lincolnshire Integrated Care Board and other statutory and voluntary sector partners to ensure services are responsive to local need and deliver clear public benefit.

Community engagement and awareness form a key part of the Trust’s strategic approach. Through education, outreach and collaboration with local organisations, the Trust aims to increase understanding of hospice care, encourage community involvement and strengthen long-term support.

To ensure sustainability and effective delivery of services, the Trust focuses on strong governance, organisational development and the recruitment, training and retention of skilled staff and volunteers. Financial sustainability is supported through fundraising, retail activity, grants, community support and donations, enabling the continued provision of free hospice services.

Public benefit

The Trust’s activities provide public benefit through the delivery of free palliative and end-of-life care, supported by emotional and bereavement services for patients, families and carers before and after death. Therapeutic support services are delivered in accordance with recognised professional standards, and the service is an organisational member of the National Counselling Society and the National Bereavement Alliance.

The trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit, as required by section 4 of the Charities Act 2011.

Relationships with related parties

The Trust works in partnership with a range of local and regional organisations across the statutory and voluntary sectors. Key relationships include Lincolnshire Community Health Services NHS Trust, the NHS Lincolnshire Integrated Care Board, PCN and other organisations involved in the delivery and coordination of hospice and palliative care services.

.

Page 2

THE BUTTERFLY HOSPICE TRUST (REGISTERED NUMBER: 05325476)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Achievements and Performance

The 2024/25 financial year has been one of meaningful impact, organisational progress and deep compassion at The Butterfly Hospice Trust. Despite financial pressures which include rising staffing costs due to an increase in National Living Wage and National Insurance, utilities and general running expenses, we have continued to deliver exceptional, free end-of-life care. This has been made possible through the dedication of our Charity Team, our partnership with clinical colleagues and the unwavering support of our community.

Delivering Exceptional, Personalised Care

This year our team has gone above and beyond to provide compassionate, individualised support for every guest and their family.

In January, we cared for Ella, our youngest guest at just 20 years old. Clinical staff adapted her room with her favourite music and Jellycats and arranged a special visit from Percy Pig and Colin the Caterpillar through Marks & Spencer Head Office, creating treasured memories for her family.

In May, a wedding was hosted with less than 48 hours’ notice. Staff from across the organisation stepped in with our Clinical Lead providing hair and makeup and our Fundraising Champion arranging a beautiful bouquet and buttonholes. It was a deeply moving occasion, reflecting the compassion and adaptability of our team.

In September, Christmas arrived early for one of our guests and her family. The hospice was transformed with festive touches, including decorations, Christmas pyjamas, presents and music. This thoughtful gesture created cherished moments of comfort and togetherness during an especially difficult time. It was a truly special occasion, created with care and love by the whole team.

Page 3

THE BUTTERFLY HOSPICE TRUST (REGISTERED NUMBER: 05325476)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Investing in Facilities to Strengthen Family Support

In March, work began on Butterfly Lodge , our new overnight accommodation for families. The Lodge will offer an inclusive, welcoming environment, featuring a wheelchair-accessible ramp, three ensuite family bedrooms, a shared kitchen and living area and on-site parking. This facility is designed to provide a peaceful, supportive space that helps ease both emotional and practical pressures.

Offered free of charge, Butterfly Lodge represents a transformational step for our charity, ensuring families can remain close to their loved ones when it matters most.

Recognition and Partnerships

In May, we were proud to be named Charity of the Year by the Lincolnshire Chamber of Commerce. This accolade celebrates the dedication of our team and the quality of care provided at Butterfly, while also strengthening our visibility and creating new opportunities for collaboration, community engagement and partnership development.

Enhancing Holistic Support

In February, we completed the Summer House, offering a quiet wellbeing space for guests, families and staff.

In July, we formally welcomed Debbie (Counsellor) and Bran (our Therapy Dog) as official members of our team, having previously supported the hospice as Animal Assisted Therapy volunteers. Their work offers profound emotional benefits for guests, families and staff. Formalising these roles reflects our commitment to holistic and therapeutic support across our services.

Retail & Fundraising

Our Retail and Fundraising teams have continued to provide crucial income, strengthened by our shops, events, donations, legacies and the remarkable support of volunteers. We remain deeply grateful for the generosity and goodwill of our local community, whose support makes what we do possible.

Looking Ahead…

Investing in Services and Infrastructure

In 2025/26 we aim to have Butterfly Lodge fully furnished and in regular use. We recognise the associated ongoing costs, including utilities, staffing and maintenance but believe this will be a transformative addition for families.

Alongside this, we plan to build an additional, larger Pod in the hospice gardens to expand the space available for group work, activities and staff training. This development will not only enhance the support we are able to offer but will also strengthen our long-term capacity to deliver holistic care.

Page 4

THE BUTTERFLY HOSPICE TRUST (REGISTERED NUMBER: 05325476)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

Strengthening Income and Fundraising

To meet rising costs, we will focus on income growth across all fundraising streams.

Our priorities will include:

These actions will help diversify and stabilise income, supporting long-term sustainability.

Growing Retail Through a Modern, Warehouse-Led Model

We are also investing in the expansion of our warehouse operations, including leasing an additional unit and strengthening our online retail presence. Moving toward a warehouse-first model, which is now common in the charity sector, will increase efficiency, maximise donations, reduce waste and support growth across both shops and online platforms.

Overall, 24/25 has been an inspiring and humbling year. As we look ahead, our Charity Strategy will guide our ongoing commitment to strengthening services, investing in our infrastructure and delivering exceptional, compassionate care - ensuring every moment truly matters for our guests and their families.

Page 5

THE BUTTERFLY HOSPICE TRUST (REGISTERED NUMBER: 05325476)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

STRATEGIC REPORT

Financial review

The financial results in the year to 31 July 2025 are clearly presented in the body of the financial statements.

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, Louth, Bourne, Wisbech and Horncastle.

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. 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.

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 to ensure the organisation’s full operating costs for a period of at least six months. In the trustees’ opinion, this amounts to £630,000. Actual free reserves, as at 31 July 2025, total £819,641.

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.

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they 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

Page 6

THE BUTTERFLY HOSPICE TRUST (REGISTERED NUMBER: 05325476)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025

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:

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 and signed on the board's behalf by:

........................................................................ Mrs L Lenton - Trustee

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 2025 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.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the 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

Date:

Page 9

THE BUTTERFLY HOSPICE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025

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
Butterfly Lodge expenses
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
200,793
744,918
84,720
21,063
8,890
1,060,384
609,768
379,193
173,782
-
-
1,162,743
(102,359)
1,965,687
1,863,328		 Restricted
funds
£
255,644
-
-
-
-
255,644
-
-
6,032
65,500
440
71,972
183,672
699,591
883,263		 2025
Total
funds
£
456,437
744,918
84,720
21,063
8,890
1,316,028
609,768
379,193
179,814
65,500
440
1,234,715
81,313
2,665,278
**2,746,591 **		 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)
2,679,251
2,665,278

The notes form part of these financial statements

Page 10

THE BUTTERFLY HOSPICE TRUST (REGISTERED NUMBER: 05325476)

BALANCE SHEET 31 JULY 2025

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
ACCRUALS AND DEFERRED INCOME
17
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,043,687
82,384
1,508,863
1,591,247
(30,158)
1,561,089
2,604,776
(741,448)
1,863,328		 Restricted
funds
£
575,636
133
324,890
325,023
(9,063)
315,960
891,596
(8,333)
883,263		 2025
Total
funds
£
1,619,323
82,517
1,833,753
1,916,270
(39,221)
1,877,049
3,496,372
(749,781)
2,746,591
1,863,328
883,263
**2,746,591 **		 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

The financial statements were approved by the Board of Trustees and authorised for issue on ……………………….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 2025

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		 2025
£
820,838
820,838
(139,200)
21,063
(118,137)
702,701
1,131,052
1,833,753		 2024
£
4,679
4,679
(78,835)
17,252
(61,583)
(56,904)
1,187,956
1,131,052

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 2025

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

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Increase in debtors
Increase in creditors
Net cash provided by operations		 2025
£
81,313
33,021
(21,063)
(14,622)
742,189
820,838		 2024
£
(13,973)
34,452
(17,252)
(11,548)
13,000
4,679

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Total		 At 1.8.24
£
1,131,052
1,131,052
**1,131,052 **		 Cash flow
£
702,701
702,701
**702,701 **		 At 31.7.25
£
1,833,753
1,833,753
1,833,753

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 2025

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.

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.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Legacies
Grants
Lottery income		 2025
£
377,187
35,310
17,673
16,382
9,885
456,437		 2024
£
86,459
33,146
167,617
31,150
9,843
328,215

continued...

Page 14

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Boston Borough Coucil
Lincolnshire County Council
Lincolnshire Volunteer Engagement Team
Alan Boswell Group
Shine
Hospice UK
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Shop income
Shop income
Furniture & electrical sales
Shop income		 2025
£
-
-
-
-
4,167
12,215
16,382
2025
£
84,720
2025
£
21,063
2025
£
641,076
103,842
744,918

Page 15

continued...

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

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
Cleaning
Legal & professional
Courses/Training
Repairs & renewals
Subscriptions
Retail consumables
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
Repairs & renewals
Subscriptions
Retail consumables
Fundraising costs
Aggregate amounts		 2025
£
248,714
5,723
3,368
20,430
2,709
3,745
1,159
79,910
5,158
1,362
2,823
3,614
83
39,721
308
4,119
422,946
2025
£
135
76,234
22,605
919
3,922
3,424
963
1,479
87
577
11,619
303
2,543
6,001
51
837
55,123
186,822
609,768		 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
2024
£
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
558,326

Other trading activities

Page 16

continued...

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

7. CHARITABLE ACTIVITIES COSTS

Management and administration
Staff costs
Cleaning costs
Light and heat
Catering costs
Goods for resale
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
Telephone and internet
Postage, stationery, advertising, printing
Bank charges
Maintenance, repairs & renewals
Courses/training
Catering costs
Cleaning
Sundry expenses
Depreciation
Release of grant
Subscriptions
Legal & professional
Wages and salaries		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
96
4,380
2
3,917
465
-
31
746
6,784
(174)
67
753
54,905
71,972
71,972		 Unrestricted
Funds
£
235,839
4,690
24,073
-
-
2,672
3,213
1,589
16,707
4,537
19,037
16,853
2,317
7,354
2,442
4,750
1,580
26,237
(31)
5,334
379,193
-
79
135
98
10,534
-
14,279
6,423
3,408
-

-
823
-
138,003
173,782
591,861		 2025
£
235,839
4,690
24,073
-
-
2,672
3,213
1,589
16,707
4,537
19,037
16,853
2,317
7,354
2,442
4,750
1,580
26,237

(31)
5,334
379,193
-
175
4,515
100
14,451
465
14,279
6,454
4,154
6,784
(174)
890
753
192,908
245,754
624,947		 2024
£
187,183
4,193
10,416
-
18
2,896
1,840
1,975
16,783
3,124
48,813
19,535
3,550
16,449
3,782
4,500
1,538
9,213

(47)
6,908
342,669
10
328
3,837
93
28,908
185
14,458
6,716
1,756
25,240

(194)
720
-
175,224
257,281
599,950

continued...

Page 17

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Management & Administration 4,750

9. NET INCOME/(EXPENDITURE)

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

Auditors' remuneration
Depreciation - owned assets		 2025
£
4,750
33,021		 2024
£
4,500
34,453

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024.

Trustees' expenses

Expenses totalling £51 were paid to trustees in the year ended 31 July 2025 (2024: £80)

11. STAFF COSTS

Wages and salaries
Social Security Costs
Pension Costs		 2025
£
718,752
47,899
11,296
777,947		 2024
£
668,315
39,859
9,243
717,417

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

Hospice
Management
Retail and Warehouse
Fundraising
Therapy		 2025
14
7
18
1
3
43		 2024
13
5
17
3
2
40

KEY MANAGEMENT PERSONNEL

In the year to 31 July 2025, Key Management Personnel received emoluments totalling £180,122 (2024: £157,740).

No member of staff was paid more than £60,000 in 2025 or in 2024.

continued...

Page 18

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
292,240
Charitable activities
Shop income
713,625
Other trading activities
77,321
Investment income
17,252
Other income
7,531
Total
1,107,969
EXPENDITURE ON
Raising funds
558,326
Charitable activities
Management & Administration
342,669
Hospice costs
196,128
Therapy costs
-
Total
1,097,123
NET INCOME/(EXPENDITURE)
10,846
Transfers between funds
(200,000)
Net movement in funds
(189,154)
RECONCILIATION OF FUNDS
Total funds brought forward
2,154,841
TOTAL FUNDS CARRIED FORWARD
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		 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

continued...

Page 19

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

13. TANGIBLE FIXED ASSETS

COST
At 1 August 2024
Additions
At 31 July 2025
DEPRECIATION
At 1 August 2024
Charge for year
At 31 July 2025
NET BOOK VALUE
At 31 July 2025
At 31 July 2024
COST
At 1 August 2024
Additions
At 31 July 2025
DEPRECIATION
At 1 August 2024
Charge for year
At 31 July 2025
NET BOOK VALUE
At 31 July 2025
At 31 July 2024		 Fixtures
and
fittings
£
44,224
3,309
47,533
22,992
3,681
26,673
20,860
21,232		 Freehold
property
£
1,245,063
106,463
1,351,526
-
-
-
1,351,526
1,245,063
Motor
vehicles
£
2,895
-
2,895
2,509
96
2,605
290
386		 Improvements
to
property
£
34,340
8,832
43,172
6,524
3,665
10,189
32,983
27,816
Computer
equipment
£
36,547
1,803
38,350
31,157
2,374
33,531
4,819
5,390		 Plant and
machinery
£
336,232
18,793
355,025
122,975
23,205
146,180
208,845
213,257
Totals
£
1,699,301
139,200
1,838,501
186,157
33,021
219,178
1,619,323
1,513,144

continued...

Page 20

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Shop deposits
Other debtors
VAT
Prepayments
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Fixed Asset Funds
Deferred Income
Accrued expenses
16.
LEASING AGREEMENTS		 2025
£
-
2,250
314
36,719
43,234
82,517
2025
£
22,276
2,876
1,630
1,960
10,479
39,221		 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

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

Within one year
Between one and five years
17.
ACCRUALS AND DEFERRED INCOME
Deferred grants
Deferred legacies		 2025
£
99,410
93,417
192,827
2025
£
8,333
741,448
749,781		 2024
£
87,493
140,710
228,203
2024
£
-
-
-

continued...

Page 21

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
Butterfly Lodge
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
Butterfly Lodge
TOTAL FUNDS		 At 1.8.24
£
1,965,687
391,976
307,615
-
699,591
2,665,278
Incoming
resources
£
1,060,384
4,394
-
251,250
255,644
1,316,028		 Net
movement
in funds
£
(102,359)
(61,106)
(6,032)
250,810
183,672
81,313
Resources
expended
£
(1,162,743)
(65,500)
(6,032)
(440)
(71,972)
**(1,234,715) **		 At
31.7.25
£
1,863,328
330,870
301,583
250,810
883,263
2,746,591
Movement
in funds
£
(102,359)
(61,106)
(6,032)
250,810
183,672
81,313

Comparatives for 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 2025

18. MOVEMENT IN FUNDS - continued

Comparative 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)

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

Unrestricted funds
General fund
Restricted funds
Therapy
Hospice restricted
Butterfly Lodge
TOTAL FUNDS		 At 1.8.23
£
2,154,841
210,285
314,125
-
524,410
2,679,251		 Net
movement
in funds
£
(91,513)
(79,415)
(12,542)
250,810
158,853
67,340		 Transfers
between
funds
£
(200,000)
200,000
-
-
200,000
-		 At
31.7.25
£
1,863,328
330,870
301,583
250,810
883,263
2,746,591

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
Butterfly Lodge
TOTAL FUNDS		 Incoming
resources
£
2,168,353
40,728
-
251,250
291,978
2,460,331		 Resources
expended
£
(2,259,866)
(120,143)
(12,542)
(440)
(133,125)
(2,392,991)		 Movement
in funds
£
(91,513)
(79,415)
(12,542)
250,810
158,853
67,340

continued...

Page 23

THE BUTTERFLY HOSPICE TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025

18. MOVEMENT IN FUNDS - continued

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. The Butterfly Lodge fund relates to the provision of free accommodation for families and loved ones who are visiting from distant locations.

19. CAPITAL COMMITMENTS

Contracted but not provided for in the financial statements

2025
£
185,000		 2024
£
-

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2025.

21. POST BALANCE SHEET EVENTS

After the year end, work continued on Butterfly Lodge, a building designed to accommodate families of guests who need somewhere to stay. It is expected that the Lodge will open early in the New Year.

22. 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 24