Alexander Devine Children's Hospice Service Annual Report and Financial Statements For the year ended 31st March 2025 REACHING OUTTO EVERY CHILD AND FAMILYTHAT NEEDS US wKvw.alexanderdevine.org Company No. 05757493 Registered Charity No. 1118947
CONTENTS
| PAGE | |
|---|---|
| Report of the Trustees | 3 - 9 |
| Reference and Administrative details | 10 - 11 |
| Report of the Independent Auditors | 12 - 15 |
| Statement of Financial Activities | 16 |
| Balance Sheet | 17 |
| Statement of Cash Flows | 18 |
| Notes to the Financial Statements | 19 - 34 |
| Statement of Financial Activities 2023/2024 | 35 |
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
REPORT OF THE TRUSTEES (including Directors Report)
The Trustees who are also Directors and members 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 31st March 2025. The Trustees have adopted the provisions of the 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)).
ABOUT THE CHARITY
Alexander Devine Children’s Hospice Service (Alexander Devine) is a registered charity (no.1118947) and company limited by guarantee (No. 5757493).
We are registered as a service provider under the Health and Social Care Act 2008 to carry out regulated activity of treatment of disease, disorder and injury. We are required to register with the Care Quality Commission and the current rating is Good.
John and Fiona Devine set up the charity in memory of their extraordinary little boy, Alexander, who in early 2006 sadly passed away at the age of eight from a rare brain tumour. Their personal experience, and subsequent extensive research, let them to realise that there was a vital need for a local children’s hospice service with a hospice facility in Berkshire.
The charity was established in 2007 and has grown to become the key provider for children’s palliative care in Berkshire. The hospice building, based just outside Maidenhead, was opened in the summer of 2018.
We are a local service delivering respite, palliative and end of life care and bereavement support at our hospice, in the family home and across the community, including hospitals and schools. Our care services include Respite care, Specialist play, Symptom management, Family support, Physiotherapy and Transition support in the community, day care and overnight care. We individualise our approach to meet the unique clinical, emotional, spiritual and practical needs of each child and their family, ensuring they receive the best possible care and support.
VISION AND MISSION
Our vision is to provide a children’s hospice service within Berkshire and into surrounding counties that will give babies, children, young people and families a choice of care and support from a skilled team. We work closely in partnership with the NHS, local authorities and other services in delivering our care in the community and in the hospice.
Our mission is to reach out to every child and family who needs us.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
SERVICE
Alexander Devine Children’s Hospice Service provides palliative and end of life care to babies, children and young people with a life-limiting or life-threatening condition aged 0-25. We care for a wide range of different conditions and our staff is skilled in meeting the individual and complex needs of each individual child and young person. The support we provide extends to the whole family from diagnosis through to bereavement.
Our service is vital with more than 1,370 children with life-limiting conditions across Berkshire alone. Research shows that this number is likely to increase a further 11% by 2030. ( Data source: ‘Make Every Child Count’ study by Fraser et al 2018 )
We work closely with our NHS colleagues and Children’s Community Nursing teams to ensure families have timely access and seamless care.
For children who meet our eligibility criteria our service includes:
All services are free at point of delivery and are mainly funded through fundraising activity with a small amount of support from NHS England and local integrated care board/integrated care systems (previously commissioning groups).
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
ACHIEVEMENTS
We have invested in care delivery to support quality and safe care to improve the experience and outcome for babies, children and young people who require specialist palliative care. Alexander’s Care Team is led by the Director of Care and supported by the Lead for Quality and Governance and Matron. We were inspected in March 2022 by the Care Quality Commission (CQC) and in May 2022 we were rated GOOD. We survey our families annually to understand the needs of those we support and to help inform development.
Some of the comments from our families are:
“The support and particularly respite care makes an enormous difference to our quality of life.” Alexander Devine supported parent.
“Can’t express how much of a positive impact Alexander Devine have made. We are not alone. We are all cared for. Life is hard. Alexander Devine helps so very much!” Alexander Devine supported parent.
"Honestly support that is unmatched. I feel no worries or xeye concerns when I leave my little girl in your care as I know she is Yi \ s ** W;e safe and well cared for! Alexander Devine supported parent. yA It gives my son a safe space to play and meet children with y ‘ similar conditions and pace as him. It gives me a break while he | ® ai is in daycare. It has been great having someone to talk to and A ask for advice with so much to think about with his condition." Alexander Devine Supported Parent
Care is delivered by a skilled multi professional team made up of qualified nurses, clinical nurse specialists, carers, play specialists, music therapists, a physiotherapist, counsellors, pharmacists and doctors.
Of note, the achievements this year have included:
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A significant increase in our Family Support and therapies with a music therapist and physiotherapist providing 1:1 group and family sessions.
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Since the appointment of the Transition Lead considerable work has been completed to establish a robust transition pathway to adult services. The work has demonstrated key improvements against the objectives for supporting: a smooth transition, continuity of care, empowering young people, a safe environment and working collaboratively with partner organisations with direct involvement of young people.
Over the course of the year, Alexander’s Care Team has in total delivered over 22,803 hours of direct care to children and families. This excludes supervision, governance and training.
PLANS FOR THE FUTURE
For 2025/26 we plan to continue increasing the number of care staff and have also increased salaries by more than inflation in order to assist with this. We hope that this together with an increased emphasis will make the charity more attractive to potential staff not only within care but also in fundraising. However, a number of our care staff are going to
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
be on maternity leave during the year so the amount we can increase our service will be limited until they return. At the same time costs are increasing rapidly with the National Insurance changes adding nearly £50k to our costs and the local council taking away the discretionary rates relief we previously enjoyed which is adding more than £23k to our costs. At the same time there is ever growing competition for funds and although we were lucky to receive a number of unexpected donations in 2024/25 which considerably reduced our eventual deficit, we cannot expect these to continue and we are therefore budgeting for a deficit of over a million pounds in 2025/26. Whilst this can be afforded in the short term it cannot in the long term so our fundraisers will be looking at all possible options and investing money to try to build up our income over the period to the point where we can cover our costs in a sustainable way with a view to substantially reducing the deficit for 2026/27 and beyond.
By the end of March 2025, the number of children, young people and families Alexander’s Care Team supports had grown to 207 (2024: 181).
There were 46 (2024: 56) new referrals in the past year, with many being so complex that where a visit previously could involve just one member of staff per child, it now increasingly needs two.
GOVERNING DOCUMENT
Alexander Devine Children’s Cancer Trust is a charitable company limited by guarantee, incorporated on 27th March 2006 and registered as a charity on 25th April 2007. The company was established under a Memorandum of Association which sets out the objects and powers of the charitable company and is governed under its Articles of Association. The Articles were last updated on 5th October 2017. The charity operates as Alexander Devine Children’s Hospice Service.
All Trustees give their time voluntarily and received no benefits from the charity, except for Dr Fiona Devine as she works full time for the charity as CEO and received permission from the Charity Commission to be paid for this work. Her costs of employment and all expenses claimed by Trustees in the execution of their duties are reported in note 8 to the financial statements.
The Trustees have carried out a skills audit to ensure that the Board has the necessary spread of skills to ensure good governance. They look to fill any gaps in knowledge within their contacts and charity supporters and if they do not find suitable candidates, they will widen the spread of applicants by advertising. They ask successful candidates to attend Board meetings for a period to assess their contribution before appointing them full Trustees. There is an induction process in place for new Trustees and ongoing training is available as applicable. Apart from the CEO who can remain in post, Trustees must retire every two years but are eligible for re election.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
RESPONSIBILITIES OF TRUSTEES
The Directors 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:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements; and,
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate 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.
Each of the Trustees has confirmed that in so far as they are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and,
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they have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
RISK MANAGEMENT
The Trustees regularly consider risk at their bi-monthly meetings and are satisfied that systems in place to mitigate the impact of key risks are being observed. Internal control risks are minimised by the implementation of procedures for the authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety regulations for staff, volunteers and families. A comprehensive risk register is in place which is reviewed by the senior management team on a quarterly basis. Currently significant risks are around the potential withdrawal of NHS funding in conjunction with escalating costs and the economic climate making raising income very difficult.
The charity raises money from a suitable spread of sources thereby minimising the risk to overall income of the charity. The Trustees believe that the charity will be able to sustain the service despite the threat of reduced income due to inflation and cost of living. They believe it will prove possible to continue expansion in a reviewed and measured way.
RESERVES
Given that Alexander Devine is a front-line service to the most vulnerable in our community and following the experience of Covid, the Trustees believe the target for free reserves should be 2 years expenditure.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
Experiences over the last four years and the need for our specialist services, indicates we should take steps to ensure that our charity is sustainable and resilient for those who need us. This will continue to be reviewed annually.
The target is around £5,589,480 based on 2024/25 costs. However, with the budgeted ongoing expansion of the service, this figure increases to £6,871,846 for 2025/26. Trustees believe this level will enable the charity to continue its activities and make all payments as they fall due whatever short-term issues may arise. The level of free reserves at the end of March 2025 was £3,646,483 (2024: £3,548,048). This figure is below the Trustees target. This will be difficult to make up with a shortfall in income predicted for the next two years. However, Trustees are happy that this level of reserves is appropriate given continuing uncertainty and the expansion in service that they wish to make and they will look at what can be done to increase this. The Trustees believe that they are managing risk and have a sensible and sustainable approach.
FINANCIAL REVIEW
Total income for the year was £2,789,416 (2024: £2,217,022), showing an increase of over 25% on the previous year. This includes a £48k capital grant as well as substantial increases in trust, individual and community donations.
Expenditure on charitable activities has increased by nearly 8% to £2,250,592 (2024: £2,088,279) reflecting the expansion of the service and the increased running costs of the hospice. As well as increased staff we now pay the NHS for more paediatrician support. Expenditure on raising funds has increased by nearly 16% to £544,148 (2024: £469,684) reflecting the increased staff needed to expand income to cover the increased service.
Support and governance costs have increased by only 3% reflecting inflation. Support costs have been allocated between charitable activities and activities to raise funds based on time spent by the members of staff employed in this area. Hospice costs have decreased by 2%. £164,000 of this is depreciation with £130,000 of this being building depreciation. Hospice costs are allocated between charitable activities and activities to raise funds on the basis of area of the building occupied. Despite the significant expansion in the service, due to a difficulty in recruiting staff it has not been possible to expand as quickly as Trustees would have wished. The net outflow of funds was £5,324 (2024: £340,941 outflow). The total fund is now nearly £12.129 million despite having started from nothing in 2006.The accounts have been prepared on the going concern basis as Trustees feel the charity has the resources to continue to operate for the foreseeable future.
PUBLIC BENEFIT
The Trustees considered the guidance offered by the Charity Commission on public benefit and have developed strategic plans to ensure their objectives, the provision of care and support to children with life-limiting and life-threatening conditions and their families, fall under the purposes defined by section 4 of the Charities Act 2011.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
STRUCTURE
The day-to-day operations, strategic management and events are managed by Dr Fiona Devine with the support of the Trustees and the four senior management staff. Fiona and the senior team have previous management experience and are suitably qualified. By the end of the year the charity employed 49 permanent members of staff with 31 of these directly involved in the provision of care. Governance is overseen by the Board of Trustees who receive regular briefings from the management and timely financial reports.
FUNDING
The charity takes the fundraising regulations seriously and is registered with the Fundraising Regulator. The charity has not received any complaints about fundraising practices in the year but if a complaint was received the Fundraising Regulator’s guidance would be followed.
The charity raises funds through a variety of income streams, predominantly grants from trusts and foundations, major donors, individual givers, corporate partnerships, community groups and fundraising events. Fundraising from individuals is carefully controlled following industry guidelines and no cold calling takes place. The charity does not employ third party organisations for its fundraising. The NHS make a donation amounting to 19% of the charity’s costs but raise charges for paediatrician and pharmacy support amounting to 5% of total costs. The charity has a Volunteer Development Manager in post who has responsibility for overseeing volunteers and their compliance with regulations and best practice.
DONORS AND SUPPORTERS
We would like to thank all those who give so generously to our charity for their faith, commitment to us and ongoing support.
KEY MANAGEMENT STAFF PAY
The pay of the charity’s senior management team is set by the Trustees on the recommendation of a third-party HR consultancy, which benchmarks the roles against similar posts in other charities.
PATRONS AND VOLUNTEERS
In addition to our ten patrons, we have 185 volunteers who give up their time and offer endless enthusiasm for the charity. We would like to thank them all sincerely for their help.
AUDITORS
A resolution to reappoint Moore Kingston Smith LLP as auditors will be presented at the AGM.
ON BEHALF OF THE BOARD
Helen Johnson, Chairman Date: 9[th] October 2025
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Registered company number 05757493 (England and Wales)
Registered charity number 1118947
Registered office
Alexander Devine Children’s Hospice Snowball Hill Maidenhead, Berkshire SL6 3LU
Trustees
Dr Fiona Devine MBE Founder (Secretary) Mrs Helen Johnson (Chairman) Dr Andrew Boon BSC MD FRCP DCH Mr Fraser Silvey (resigned 26[th] September 2025) Mr Warren Tonkinson (served his term to 3[rd] October 2024 and was reappointed)
Trustees are also Directors of the company and members of the charity.
Patrons
Lady Mary Parkinson Mr Michael Parkinson Jnr. Rt Hon Lady Theresa May Dr Sanjiv Mata Mr Nick Parkinson Dr Peter Sebire Air Marshall Sir Ian Macfadyen CB OBE Mr John Barley BEM Mr Mark Tilling Lt Gen Phil Jones CB CBE DL Mrs Denise Jones Mr Sean Barley (appointed 28[th] May 2025)
Key management staff
Dr Fiona Devine MBE, CEO and Founder Dr Helen Bennett, Director of Care (left 1[st] May 2025) Mr Andrew Rice, Director of Finance Mr Warren King, Director of HR and Wellbeing Mrs Anne Bajorek, Director of Fundraising
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
Hospice Telephone Website Snowball Hill 01628 822777 www.alexanderdevine.org Maidenhead Berkshire SL6 3LU Email fundraising@alexanderdevine.org
Auditors
Moore Kingston Smith LLP Chartered Accountants 9 Appold Street London EC2A 2AP
Bankers HSBC Bank Plc Barclays Bank Plc Shawbrook Bank 128 High Street Leicester Lutea House, Slough LE87 2BB Warley Hill Business Park Berkshire Great Warley, Brentwood SL1 1JF Essex, CM13 3BE (Closed July 2023)
Nationwide Building Society Handelsbanken Kings Park Road Apex Plaza Northampton Forbury Road, Reading NN3 6NW Berkshire RG1 1AX (Opened January 2025)
Solicitors Russell-Cooke 2 Putney Hill London SW15 6AB
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF ALEXANDER DEVINE CHILDREN’S CANCER TRUST
OPINION
We have audited the financial statements of Alexander Devine Children’s Cancer Trust (the ‘charity’) for the year ended 31[st] March 2025 which comprise the statement of financial activities, the balance sheet the statement of cash flows, and the 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, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
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In our opinion, the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31[st] March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 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 charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
OTHER INFORMATION
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
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In our opinion, based on the work undertaken in the course of our audit:
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the information given in the Trustees' report, which includes the Directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY
EXCEPTION
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report included within the Trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of Trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the Directors of the charitable charity for the purpose 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 charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANICAL STATEMENTS
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
As part of our planning process;
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We enquired of management the systems and controls the charity has in place, the areas of the financial statements that are most susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud. The charity did not inform us of any known, suspected or alleged fraud.
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We obtained an understanding of the legal and regulatory frameworks applicable to the charity. We determined that the following were most relevant: FRS 102, The Companies Act 2006, The Charities SORP and The Charities Act 2011.
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We considered the incentives and opportunities that exist in the charity, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.
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Using our knowledge of the charity, together with the discussions held with the charity at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.
The key procedures we undertook to detect irregularities including fraud during the course of the audit included:
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Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.
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Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.
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Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates.
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Assessing the extent of compliance, or lack of, with the relevant laws and regulations.
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Reviewing documentation such as the charity board minutes for discussions of irregularities including fraud.
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Obtaining third-party confirmation of material bank balances.
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Documenting and verifying all significant related party balances and transactions.
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Performing a physical verification of key assets
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
primary responsibility for the prevention and detection of irregularities and fraud rests with those charged with governance of the entity.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
USE OF OUR REPORT
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Shivani Kothari (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP
Chartered Accountants Statutory Auditor 9 Appold Street London EC2A 2AP United Kingdom
2025 26 November 2025
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2025
| Notes INCOME from Donations and legacies 2 Trading activities 3 Other Investment Total income EXPENDITURE on Raising funds 4 Charitable activities 5 Total expenditure NET (EXPENDITURE)/ INCOME BEFORE TRANSFERS Transfers Net movement in funds 16 RECONCILIATION OF FUNDS Total funds brought forward 16 TOTAL FUNDS CARRIED FORWARD 16 |
Unrestricted Funds £ Restricted Funds £ Endowment Funds £ 2025 Total funds £ 2024 Total funds £ 1,690,517 692,016 - 2,382,533 1,842,569 183,098 - - 183,098 183,307 - - - - - 223,785 - - 223,785 191,146 |
Unrestricted Funds £ Restricted Funds £ Endowment Funds £ 2025 Total funds £ 2024 Total funds £ 1,690,517 692,016 - 2,382,533 1,842,569 183,098 - - 183,098 183,307 - - - - - 223,785 - - 223,785 191,146 |
|---|---|---|
| 2,097,400 692,016 - 2,789,416 2,217,022 538,278 - 5,870 544,148 469,684 1,497,353 628,379 124,860 2,250,592 2,088,279 |
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| 2,035,631 628,379 130,730 2,794,740 2,557,963 |
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| 61,769 63,637 (130,730) (5,324) (340,941) 58,244 (58,244) - - - |
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| 120,013 5,393 (130,730) (5,324) (340,941) 5,982,275 62,763 6,089,097 12,134,135 12,475,076 6,102,288 68,156 5,958,367 12,128,811 12,134,135 |
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The statement of financial activities also complies with the requirements for the income and expenditure account under the Companies Act 2006. All Income and expenditure derives from continuing activities.
Notes 1 to 19 form part of these financial statements.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
BALANCE SHEET AS AT 31[ST] MARCH 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 11 | 6,068,424 | 6,178,324 | ||
| CURRENT ASSETS | |||||
| Stocks | 1,387 | 1,830 | |||
| Debtors: amounts falling | 12 | 148,430 | 549,342 | ||
| due within one year | |||||
| Cash at bank and in hand | 867,577 | 75,708 | |||
| Cash on deposit for less | 2,688,640 | 5,336,860 | |||
| than 3 months | |||||
| Short term deposits | 2,635,406 | 307,743 | |||
| 6,341,440 | 6,271,483 | ||||
| CREDITORS | |||||
| Amounts falling due within | 13 | (281,053) | (315,672) | ||
| one year | |||||
| NET CURRENT ASSETS | 6,060,387 | 5,955,811 | |||
| NET ASSETS | 12,128,811 | 12,134,135 | |||
| FUNDS | 16 | ||||
| Unrestricted funds: | |||||
| Reserves | 3,646,483 | 3,548,048 | |||
| Designated | 2,455,805 | 2,434,227 | |||
| 6,102,288 | 5,982,275 | ||||
| Restricted funds: | |||||
| Restricted fund | 68,156 | 62,763 | |||
| Endowment funds: | |||||
| Property | 5,958,367 | 6,089,097 | |||
| TOTAL FUNDS | 12,128,811 | 12,134,135 |
Notes 1 to 19 form part of these financial statements.
The financial statements were approved by the Board on 9 October 2025 and were signed on its behalf by:
Helen Johnson – Chairman
Company Registration No. 05757493
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
STATEMENT OF CASH FLOWS
| Notes Cash flows from operating activities: Net cash provided by operating activities 17 Cash flows from investing activities: Investment income Purchase of property, plant and equipment Sale proceeds from disposal of property, plant and equipment Transfer to deposits over 3 months Net cash provided by (used in) investing activities Cash flows from financing 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 £ 307,815 223,785 (60,288) - (2,327,663) (1,856,351) - (1,856,351) 5,412,568 3,556,217 |
2024 £ (398,896) 191,146 (43,056) - (307,743) |
|---|---|---|
| (558,549) - |
||
| (558,549) 5,971,117 |
||
| 5,412,568 |
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
NOTES TO THE FINANCIAL STATEMENTS
1a. ACCOUNTING POLICIES
Charity information
Alexander Devine Children’s Cancer Trust is a private company limited by guarantee incorporated in England and Wales.
Accounting convention
The financial statements have been prepared in accordance with the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1[st] January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the financial statements, despite the effects of inflation and the costof-living increases on fundraising, given the reserves held, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for at least next twelve months. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Income
-
Donations and legacies are recognised as income when receivable, except where they are incapable of financial measurement.
-
Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable, or any requirement imposed on the grant is fulfilled.
-
Investment income is recognised on a receivable basis.
-
Gifts in kind are recognised when received and a reasonable estimate can be made of their value.
Expenditure
-
Costs of raising funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds and an apportionment of support costs.
-
Costs of charitable activities comprise all expenditure identified as wholly or mainly attributable to achieving the objectives of the charity. These costs include staff costs, wholly or mainly attributable support costs and an apportionment of support costs.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Financial instruments
The charity has elected to apply the provisions of Section11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability immediately.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial instruments classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Items costing over £500 are capitalised. Office equipment – 20% on cost Computer equipment – 25% on cost Hospice equipment – 20% on cost Completed freehold buildings – 2% on cost Land is not depreciated
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Debtors
Debtors include amounts owed to the charity for the provision of goods and services as well as amounts paid in advance for goods and services it will receive.
Cash at bank and in hand
Cash at bank and in hand is held to meet short term commitments as they fall due rather than for investment purposes.
Cash on deposit
Cash on deposit represents monies held on a short-term basis in excess of immediate requirements which are invested to produce investment income.
Creditors
Creditors include amounts due for goods and services provided to the charity and income received in advance.
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.
Endowment funds represent the value of the building and land. This is not readily realisable as the donors of the land restricted the use of the land.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Further explanation of the nature and purpose of each fund is included in note 16 to the financial statements.
Support
Support costs are split between charitable activities and the cost of raising funds on the basis of the number of staff employed in each activity.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
1b. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the Foundation’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Depreciation is the only material ongoing estimates in these accounts. Assets are depreciated based on their estimated useful life. Legacies are taken into account when the amount is reasonably clear and eventual receipt is certain.
Apart from this the Trustees do not consider there to be any critical accounting estimates or judgements in preparing the financial statements.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
2. INCOME FROM DONATIONS AND LEGACIES
| Individual donations Collections Community Gift aid Corporate donations Trust and Foundations In memory Legacies Sponsored events Clinical Commissioning Group income Gifts in kind Charity donations Donation from another hospice Campaign receipts Department of Health Grant Department of Health Capital grant NHS England staff funding for training Individual donations Collections Community Gift aid Corporate donations Trust and Foundations In memory Legacies Sponsored events Clinical Commissioning Group income Department of Health Grant Gifts in Kind Charity Donations Donation from another hospice NHS England staff funding for training |
2025 Restricted 2025 Unrestricted 2025 Total 2024 Total £ £ £ £ - 324,085 324,085 140,312 - 14,287 14,287 20,630 1,538 208,971 210,509 137,874 - 108,822 108,822 47,975 17,650 462,172 479,822 487,867 87,239 353,312 440,551 242,607 - 80,570 80,570 8,808 - 2,088 2,088 131,222 - 40,704 40,704 26,555 277,633 - 277,633 267,258 4,000 4,000 25,750 - - 4,890 44,616 44,616 39,007 44,819 44,819 - 260,000 - 260,000 254,964 47,956 - 47,956 - 2,071 2,071 6,850 692,016 1,690,517 2,382,533 1,842,569 |
|---|---|
| 2024 Restricted 2024 Unrestricted 2024 Total £ £ £ 20,000 120,312 140,312 - 20,630 20,630 - 137,874 137,874 - 47,975 47,975 59,125 428,742 487,867 70,477 172,130 242,607 - 8,808 8,808 - 131,222 131,222 - 26,555 26,555 267,258 - 267,258 254,964 - 254,964 - 25,750 25,750 - 4,890 4,890 - 39,007 39,007 - 6,850 6,850 671,824 1,170,745 1,842,569 |
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
3. INCOME FROM OTHER TRADING ACTIVITIES
| Fundraising events Volunteer events Recharges Sale of merchandise |
2025 Unrestricted 2024 Unrestricted £ £ 129,406 119,003 49,785 60,990 639 - 3,268 3,314 |
|---|---|
| 183,098 183,307 |
4. EXPENDITURE ON RAISING FUNDS
| Staff and recruitment costs Share of hospice costs Share of hospice depreciation Fundraising events and other direct costs Cost of merchandise sold Share of support and governance costs Staff and recruitment costs Share of hospice costs Share of hospice depreciation Fundraising events and other direct costs Cost of merchandise sold Share of support and governance costs |
2024 Restricted 2025 Endowment 2025 Unrestricted 2025 Total 2024 Total £ £ £ £ £ - - 328,363 328,363 271,809 - - 1,883 1,883 4,066 - 5,870 1,493 7,363 8,426 - - 71,106 71,106 46,295 - - 2,645 2,645 10,580 - - 132,788 132,788 128,508 - 5,870 538,278 544,148 469,684 |
|---|---|
| 2024 Restricted 2024 Endowment 2024 Unrestricted 2024 Total £ £ £ £ - - 271,809 271,809 - - 4,066 4,066 - 5,870 2,556 8,426 - - 46,295 46,295 - - 10,580 10,580 - - 128,508 128,508 - 5,870 463,814 469,684 |
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
5. EXPENDITURE ON CHARITABLE ACTIVITIES
| Staff and recruitment costs Other direct costs Payments to NHS for external pharmacy costs Payments to NHS for paediatrician support Cost of paediatrician support from local hospice CQC subscription Share of hospice running costs Share of hospice depreciation Share of support and governance costs Staff and recruitment costs Other direct costs Payments to NHS for external nursing costs Payments to NHS for paediatrician support CQC subscription Share of hospice running costs Share of hospice depreciation Share of support and governance costs |
2025 Restricted 2025 Endowment 2025 Unrestricted 2025 Total 2024 Total £ £ £ £ £ 469,866 - 847,844 1,317,710 1,208,286 - - 84,259 84,259 107,249 15,325 - - 15,325 14,669 123,700 - - 123,700 77,613 19,488 - 19,488 - - - 1,933 1,933 1,933 - - 106,875 106,875 86,492 - 124,860 31,761 156,621 179,235 - - 424,681 424,681 412,802 628,379 124,860 1,497,353 2,250,592 2,088,279 |
|---|---|
| 2024 Restricted 2024 Endowment 2024 Unrestricted 2024 Total £ £ £ £ 640,572 - 567,714 1,208,286 9,950 - 97,299 107,249 14,669 - - 14,669 77,613 - - 77,613 - - 1,933 1,933 18,540 - 67,952 86,492 - 124,860 54,375 179,235 - - 412,802 412,802 761,344 124,860 1,202,075 2,088,279 |
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
6. SUPPORT AND GOVERNANCE COSTS
| . SUPPORT AND GOVERNANCE |
COSTS |
|---|---|
| Support costs Staff and recruitment costs Office rent and utilities Telephone, bank costs, printing and other costs IT costs Consultancy Insurance Depreciation Governance costs Audit fee Legal costs Trustee expenses Total support and governance costs Reallocated to raising funds (see note 4) Reallocated to charitable activities (see note 5) |
2025 2024 £ £ 407,004 385,010 13,262 18,775 37,805 34,379 21,550 39,540 - 3,107 53,574 26,164 6,204 6,424 539,399 513,399 |
| 17,288 18,326 - 9,265 782 320 18,070 27,911 |
|
| 557,469 541,310 |
|
| 132,788 128,508 424,681 412,802 557,469 541,310 |
Support and governance costs are split between charitable activities and cost of raising funds on an assessment of the workload of each employee allocated to support.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
7. NET INCOME
Net income is stated after charging:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation – owned assets | 170,188 | 194,086 |
| Auditors remuneration | 17,288 | 18,326 |
| Auditors other fees | - | - |
8. TRUSTEES’ REMUNERATION AND BENEFITS
Apart from as set out below, there were no Trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. Trustees' expenses paid for the year ended 31st March 2025 were £623 paid to one Trustee (2024: £320 to two Trustees). These sums were paid in reimbursement of items purchased on behalf of the charity. Gifts costing £159 were shared between four Trustees (2024: £158 between four Trustees).
The Charity Commission has given approval for the employment of Dr Fiona Devine as CEO. Her total remuneration for the year to 31st March 2025 is reflected in the £80,000 to £90,000 banding in note 10.
9. HOSPICE COSTS
| . HOSPICE COSTS |
|
|---|---|
| Utilities Depreciation of buildings and equipment Equipment maintenance General running costs Reallocated to raising funds Reallocated to charitable activities |
2025 2024 £ £ 54,615 35,551 163,984 187,661 23,987 28,377 30,156 26,630 272,742 278,219 |
| 9,246 12,492 263,496 265,727 272,742 278,219 |
Hospice costs are split between charitable activities and cost of raising funds on the basis of area occupied.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
10. STAFF COSTS
| 0. STAFF COSTS | |
|---|---|
| Wages and salaries Charitable activities Fundraising activities Support and governance Total wages and salaries Employer National Insurance Ex gratia payment to departing employee Travel and uniforms Staff training Pension costs Recruitment fees |
2025 2024 £ £ 1,103,058 1,003,195 277,341 230,326 350,017 321,976 1,730,416 1,555,497 |
| 177,044 154,262 5,901 - 19,697 21,663 11,374 33,891 95,756 87,896 12,889 11,896 2,053,077 1,865,105 |
There were 21 permanent full-time employees and 29 part time employees as at 31st March 2025, equal to 37.25 (2024: 36.25) full-time employees. The average number of full-time equivalent employees during the year was 39.50 (2024: 36.22).
Two employees earned between £60,000 and £70,000 (2024: two).
One employee earned between £80,000 and £90,000 (2024: one)
Remuneration for the 5 key management staff in the year was £346,118 (2024: £325,876). The personnel are listed on page 10.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
11. TANGIBLE FIXED ASSETS
| COST At 1st April 2024 Additions As at 31st March 2025 DEPRECIATION At 1st April 2024 Charge for year As at 31st March 2025 NET BOOK VALUE At 31stMarch 2024 At 31st March 2025 |
Land and Buildings Hospice Equipment Office Equipment Computer Equipment Total £ £ £ £ £ 7,009,292 428,305 1,562 95,751 7,534,910 - 59,007 - 1,281 60,288 |
|---|---|
| 7,009,292 487,312 1,562 97,032 7,595,198 |
|
| 920,195 349,236 1,562 85,593 1,356,586 130,730 33,255 - 6,203 170,188 |
|
| 1,050,925 382,491 1,562 91,796 1,526,774 |
|
| 6,089,097 79,069 - 10,158 6,178,324 |
|
| 5,958,367 104,821 - 5,236 6,068,424 |
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Prepayments Other debtors Floats Gift aid outstanding VAT due from HMRC Interest receivable |
2025 2024 £ £ 64,430 46,522 12,302 429,187 650 500 9,919 2,218 14,673 12,249 46,456 58,666 148,430 549,342 |
|---|---|
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Deferred Income At 1stApril 2024 Income deferred Income released At 31stMarch 2025 Social security and other taxes Provision for liabilities Accruals Pension payments due |
2025 2024 £ £ 44,420 48,126 (44,420) 48,126 36,237 28,094 44,420 (28,094) 44,420 39,271 60,000 60,000 120,996 156,817 15,694 15,164 281,053 315,672 |
|
|---|---|---|
In respect of a legal case determined a few years ago there is an ongoing discussion in respect of amounts due to advisors. Trustees have offered a settlement of £60,000 and a provision for this amount has been included above.
14. COMMITMENTS UNDER OPERATING LEASES
At 31st March 2025, the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases as follows:
| Expiry date: Within one year Between two and five years |
2025 2024 £ £ 4,888 7,000 - - 4,888 7,000 |
|---|---|
15. CAPITAL COMMITMENTS
There were capital commitments of £4,736 at 31st March 2025 (2024: £8,169).
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
16. MOVEMENT IN FUNDS
| Unrestricted funds Designated Free reserves Restricted funds Restricted Endowment fund TOTAL FUNDS Unrestricted funds Designated Free reserves Restricted funds Restricted Endowment fund TOTAL FUNDS |
At 1st April 2024 Net Movement in funds At 31st March 2025 £ £ £ 2,434,227 21,578 2,455,805 3,548,048 98,435 3,646,483 62,763 5,393 68,156 6,089,097 (130,730) 5,958,367 |
|---|---|
| 12,134,135 (5,324) 12,128,811 |
|
| At 1st April 2023 Net Movement in funds At 31st March 2024 £ £ £ 2,424,527 9,700 2,434,227 3,660,440 (112,392) 3,548,048 170,282 (107,519) 62,763 6,219,827 (130,730) 6,089,097 |
|
| 12,475,076 (340,941) 12,134,135 |
The endowment fund represents the value of land donated in 2012 plus amounts spent on the building less depreciation.
There is a covenant in the transfer agreement that the land may only be used for a hospice, hospital or nursing home.
Designated funds were set aside by the Trustees for further work on the hospice and gardens and for ongoing maintenance for the hospice, and also to take account of the amounts tied up in fixed assets that cannot readily be realised.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
FUND BALANCES AT 31[ST] MARCH 2025
| Tangible fixed assets Current assets Creditors: amounts falling due within one year TOTAL FUNDS AS AT 31st MARCH 2025 |
Unrestricted funds Restricted funds Endowment funds Total £ £ £ £ 110,057 - 5,958,367 6,068,424 6,273,284 68,156 - 6,341,440 (281,053) - - (281,053) |
|---|---|
| 6,102,288 68,156 5,958,367 12,128,811 |
FUND BALANCES AT 31[ST] MARCH 2024
| Tangible fixed assets Current assets Creditors: amounts falling due within one year TOTAL FUNDS AS AT 31st MARCH 2024 |
Unrestricted funds Restricted funds Endowment funds Total £ £ £ £ 89,227 - 6,089,097 6,178,324 6,208,720 62,763 - 6,271,483 (315,672) - - (315,672) 5,682,275 62,763 6,089,097 12,134,135 |
|---|---|
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
PURPOSE OF RESTRICTED FUNDS
Restricted funds must be used in accordance with specific conditions imposed by donors.
| Alexander’s Nursing team Local Clinical Commissioning NHS palliative care funding Hospice gardens NHS Capital grant Equipment & alterations Total Restricted funds Alexander’s Nursing team NHS palliative care funding Local Clinical Commissioning Hospice gardens Equipment & alterations Total Restricted funds |
At 1stApril 2024 Incoming Resources Resources Expended Transfers At 31st March 2025 £ £ £ £ £ 1,328 95,764 (90,732) - 6,360 - 277,633 (277,633) - - - 260,000 (260,000) - - 4,204 - - (4,204) - - 47,956 - (47,956) - 57,231 10,663 (14) (6,084) 61,796 |
|---|---|
| 62,763 692,016 (628,379) (58,244) 68,156 |
|
| At 1stApril 2023 Incoming Resources Resources Expended Transfers At 31stMarch 2024 £ £ £ £ £ 134,005 56,905 (189,582) - 1,328 - 254,964 (254,964) - - 31,000 267,258 (298,258) - - 276 20,000 (2,070) (14,002) 4,204 5,001 72,697 (16,470) (3,997) 57,231 170,282 671,824 (761,344) (17,999) 62,763 |
The Alexander’s Nursing team fund arose from a number of donations, which were restricted to the care team associated activities and is being spent on providing direct care and support to life limited children and their families as well as some equipment.
Local Clinical Commissioning relates to payments from the local Clinical Commissioning Groups to be spent principally on our clinical nurse specialists.
NHS palliative care funding is a Section 64 grant from the Department of Health specifically for the cost of palliative care in the community.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
Donations have also been received from NHS restricted to capital purchases.
The gardens fund was set up to raise money to construct gardens for the hospice. Donations to this fund were set against expenditure on the gardens.
A number of other donations have been received for equipment for the hospice. Some of these are restricted to specific items.
The transfers arose in respect of expenditure on gardens and equipment spent which was directly allocated to the balance sheet and not to the income and expenditure account.
17. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the statement of financial activities) Adjustments for: Depreciation charges Investing activities (Increase)/decrease in stocks Decrease/(Increase) in debtors (Decrease)/Increase in creditors Net cash provided by operating activities |
2025 2024 £ £ (5,324) (340,941) 170,188 194,086 (223,785) (191,146) 443 1,340 400,912 (55,008) (34,619) (7,227) 307,815 (398,896) |
|---|---|
18. ANALYSIS OF NET CHANGES IN FUNDS
The charity had no debt during the year.
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Alexander Devine Children’s Cancer Trust Annual Report and Financial Statements for the year ended 31[st] March 2025
19. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2024
| Notes INCOME from Donations and legacies 2 Trading activities 3 Other 1c Investment Total income EXPENDITURE on Raising funds 4 Charitable activities 5 Total expenditure NET INCOME BEFORE TRANSFERS Transfers Net movement in funds 16 RECONCILIATION OF FUNDS Total funds brought forward 16 TOTAL FUNDS CARRIED FORWARD 16 |
Unrestricted Funds £ Restricted Funds £ Endowment Funds £ 2024 Total funds £ 2023 Total funds £ 1,170,745 671,824 - 1,842,569 1,992,467 183,307 - - 183,307 168,255 - - - - 200,000 191,146 - - 191,146 55,335 |
Unrestricted Funds £ Restricted Funds £ Endowment Funds £ 2024 Total funds £ 2023 Total funds £ 1,170,745 671,824 - 1,842,569 1,992,467 183,307 - - 183,307 168,255 - - - - 200,000 191,146 - - 191,146 55,335 |
|---|---|---|
| 1,545,198 671,824 - 2,217,022 2,416,057 463,814 - 5,870 469,684 327,719 1,202,075 761,344 124,860 2,088,279 1,746,429 |
||
| 1,665,889 761,344 130,730 2,557,963 2,074,148 |
||
| (120,691) (89,520) (130,730) (340,941) 341,909 17,999 (17,999) - - - |
||
| (102,692) (107,519) (130,730) (340,941) 341,909 6,084,967 170,282 6,219,827 12,475,076 12,133,167 5,982,275 62,763 6,089,097 12,134,135 12,475,076 |
||
The statement of financial activities also complies with the requirements for the income and expenditure account under the Companies Act 2006. All Income and expenditure derives from continuing activities.
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