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← Kemp Hospice

2025-03-31-accounts

Company number: 07846810 Charity Number: 1146310

KEMP Hospice

Report and consolidated financial statements For the year ended 31 March 2025

KEMP Hospice

Contents

For the year ended 31 March 2025

Reference and administrative information ......................................................................................... 1 Trustees’ annual report..................................................................................................................... 3 Independent auditor’s report .......................................................................................................... 20 Statement of consolidated financial activities (incorporating an income and expenditure account) ..... 25 Balance sheets ............................................................................................................................... 26 Consolidated Statement of cash flows ............................................................................................. 27 Notes to the financial statements .................................................................................................... 28

KEMP Hospice

Reference and administrative information

For the year ended 31 March 2025

Company number 07846810
Country of incorporation United Kingdom
Charity number 1146310
Country of registration England & Wales
Registered office and 41 Mason Road
operational address KIDDERMINSTER
DY11 6AG

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Mr Geoff Taylor-Smith Chair Mrs Janet Rowe Vice-Chair Mrs Kate Collyer Mrs Suzanne Beattie Mrs Ruth Mayall Ms Katherine Ellis (Resigned 1 December 2024) Mr Philip Davison-Fear (Resigned 17 September 2025) Mrs Laura Nash (Appointed 25 September 2024) Mrs Zena Dalton (Appointed 25 September 2024) Mr Stuart Allen (Appointed 12 March 2025) Mrs Sarah Dugan (Appointed 11 June 2025) Key management Mrs Caroline Beech Chief Executive personnel Mrs Rachel Paget Head of Finance Mrs Cassie Bennett Head of People & Operations (Appointed 4 June 2024) Mrs Laurey Grennall Head of Care & Quality Mrs Lyn Cadwallader Head of Family Support & Bereavement Services (Appointed 13 January 2025) Mr Ian Carr Head of Fundraising & Communications (Appointed 31 January 2025) Ms Jayne Sargeant Head of Fundraising & Communications (Resigned 13 December 2024) Mr Gary Barnes Head of Retail

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KEMP Hospice

Reference and administrative information

For the year ended 31 March 2025

Bankers Santander
Bridle Road
Bootle
L30 4GB
HSBC Bank plc
6 Broad Street
Worcester
WR1 2EJ
Solicitors Knights
2 Chamberlain Square
Birmingham
B3 3AX
Auditor Sayer Vincent LLP
Chartered Accountants and Statutory Auditor
110 Golden Lane
LONDON
EC1Y 0TG

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KEMP Hospice

Trustees’ annual report

For the year ended 31 March 2025

The trustees present their report and the audited financial statements for the year ended 31 March 2025.

Reference and administrative information set out on pages 1 and 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Our objectives

To provide clinical, emotional, and spiritual care with practical support for people, their families, carers and the wider community who may be affected by serious and life-limiting illness within Worcestershire and the surrounding areas, are contained in full within our Articles of Association and also reflected in our vision, mission and values as follows:

KEMP Hospice is a charity dedicated to providing end-of-life care and support services to individuals and their families across the Wyre Forest.

KEMP has been providing valuable care and support to people across the Wyre Forest, affected by a lifelimiting illness, for over 55 years. We give end-of-life care, counselling and emotional support free of charge to adults facing a life-limiting illness, their families, and carers for as long they need it. We’re by their side in our day hospice, in their home or virtually, as they face some of their toughest times. Care Services

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Trustees’ annual report

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KEMP Day Hospice sits at the heart of our care, providing support across the Wyre Forest for people affected by life-limiting illness. It’s a happy hub where patients, their families and carers receive the support they need from our team of specialists, through one-to-one clinics and in group settings.

Clinical Care at KEMP Hospice

KEMP’s specialist support and person-centred care is for everyone, no matter their life-limiting condition: cancer, organ failure, motor neurone disease and others. Our team of caring professionals specialise in palliative nursing care, rehab / exercise and occupational therapy, wellbeing therapies and psychological support. From diagnosis to end of life, we help people live as well as possible at every stage of their journey.

Exercise & Wellbeing

Our Exercise and Wellbeing Service supports patients to stay as independent as possible throughout their illness. When breathing problems and mobility issues cause them to become less self-sufficient than they like or compromise their ability to do the things they enjoy, our Exercise and Wellbeing Service steps in.

From easing pain to standing unaided and visiting favourite places, our Exercise and Wellbeing practitioner takes the time to understand what’s important to the individual and develop a personalised programme designed to achieve their aims.

Occupational Therapy

Our occupational therapy team make day-to-day life easier for patients struggling with everyday activities.

With advice, adaptations, and specialist equipment, patients can continue with or work towards activities important to them and stay safe.

From getting out of bed in the morning, making a cup of tea and bathing, to enjoying hobbies and spending time with family and friends, the smallest adjustment can make the biggest difference: more independence, dignity, and a better quality of life.

Complementary Therapy

Complementary therapies give patients a sense of wellbeing and help manage any discomfort and are tailored to care for the individual’s immediate and longer-term needs. Our complementary therapies give patients a sense of wellbeing and help manage any discomfort and are tailored to care for the individual’s immediate and longer-term needs.

Our approach is truly holistic to treat the whole person, not only their symptoms. A qualified therapist puts together a carefully considered treatment plan, in conjunction with the patient, to care for the person’s physical, emotional, and spiritual needs. And because the therapies are gentle and safe to use alongside prescribed medicine and treatment, everyone can benefit.

Creative Arts

Our creative activities help patients improve psychological wellbeing and give a sense of achievement and accomplishment. Many friendships are formed during our sessions too.

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Activities call for focus, giving patients a welcome distraction from their illness and worries, and another way to express their feelings. And everyone can get involved with extra support on hand to help patients with physical limitations.

Welfare and Financial Advice

Our welfare advisor makes dealing with the practical side of death and dying, such as funeral arrangements and probate, less daunting. We’re by the side of patients, carers, and families with confidential, caring, and impartial support whenever they need us..

Family Support & Bereavement Services

Our counselling and emotional support provides reassurance and a safe space for adults with or affected by a life-limiting illness, bereavement, and children and young people facing life without a loved one to explore and express their emotions

For anyone coping with bereavement

Our caring professionals are here for everyone across the Wyre Forest area, even when the death of a loved one isn’t linked to a life-limiting illness. Our bereavement counselling helps people cope with their grief by giving them an outlet to talk openly about their feelings and time and space to process their emotions.

Provided by a team of dedicated staff and volunteers all our support is free to access and with our hospice users facing a wide range of life limiting illnesses and conditions, we place great importance on taking a holistic view of patient care to deliver everything in response to the specific needs of an individual and their family.

Collaborative working and provision

We are pleased to highlight our collaboration with the Community Specialist Palliative Care Team and the Wyre Forest Consultant in Palliative Medicine, aimed at ensuring the delivery of streamlined and comprehensive patient care. In addition, our support includes an NHS heart failure clinic and an NHS Lymphoedema Outpatient Clinic. We extend our services through home visits for patients unable to attend our hospice building.

Achievements and performance 2024-25

We were delighted to be awarded INclusive Worcestershire Leader status in January 2025, recognising KEMP’s ongoing commitment to equality, diversity, and inclusion across all areas of our organisation. During the year, we also successfully renewed our Disability Confident Employer status, reaffirming our dedication to creating an accessible and supportive workplace for all.

In addition, KEMP was honoured to receive the Charity Business of the Year award at the Herefordshire and Worcestershire Chamber Business Awards in June 2024 — a testament to the dedication, compassion, and professionalism of our staff and volunteers in delivering outstanding care and support to our community.

Care Services

Our multidisciplinary team (MDT) includes a nursing team including a Clinical Nurse Specialist (CNS), an exercise and wellbeing practitioner, an occupational therapist with a rehabilitation assistant, a creative

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artist, complementary therapists, counsellors, and a finance and welfare adviser. This collaborative approach is delivered through personalised one-to-one appointments, group sessions, and virtual consultations, providing accessible and flexible support for patients, families, carers, and those affected by bereavement alike.

At KEMP Hospice, we maintain the highest standards of care and service quality, guided by our commitment to enhance the quality of life for our patients and to provide unwavering support to their families, carers, and those affected by bereavement through every stage of their journey across Wyre Forest and Tenbury Wells.

In 2024-2025, KEMP Hospice made significant strides in enhancing the support provided to individuals with life-limiting conditions and their families. The Day Hospice service continued to be at the heart of our offering, providing a range of activities focused on the physical and emotional wellbeing of patients. These included:

Key collaborations strengthened throughout the year, with the KEMP MDT working closely with local health and social care professionals, including those offering cardiology and lymphoedema clinics onsite, and working closely with the Specialist Community Palliative Care Teams. These working relationships ensure comprehensive, person-centred care, ensuring patients have access to the support they needed across different stages of their care journey. Additionally, the KEMP CNS was actively involved in supporting patients and their families, attending both the community specialist palliative care MDT and Gold Standard Framework as required, and working with the wider care team to provide holistic support for those in need.

Activity 2024-25

Care Services Referrals & Activity

Increased Referrals: Referrals into Clinical Services have risen by 18%, from 162 in 2023–2024 to 180 in 2024–2025.

Higher Patient Engagement: Patient day attendances to Hospice increased by 20% (from 1,030 in 2023–2024 to 1,240 in 2024–2025).

More Contacts: Care Services contacts jumped by over 2,400, a rise of 41%, from 6,024 in 2023–2024 to 8,500+ in 2024–2025.

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Increased Clinical Complexity: In 2024–2025, the embedded use of Integrated Palliative Care Outcome Scale (IPOS) assessments demonstrates a significant increase in clinical complexity, with 235 assessments identifying unstable or deteriorating phases of illness, compared to 48 assessments in 2023–2024. This highlights the growing complexity of patients' conditions and the need for ongoing, proactive holistic care planning and support.

IPOS (Integrated Palliative Care Outcome Scale) is a tool used to assess the multidimensional needs of patients in palliative care, focusing on symptom burden, psychosocial needs, and overall well-being.

Care Services saw an increase in referrals during 2024-25, with referrals rising by 18%, from 162 to 180. This growth was driven by initiatives aimed at enhancing both onsite care and expanding outreach into the community. Key factors contributing to this expansion include the availability of a wider range of services, strengthened community engagement efforts, and ongoing staff development to better address the diverse needs of service users.

Notably, the nursing team underwent expansion and increased specialisation during this period, further enhancing the quality and breadth of onsite care and support provided.

The dedicated multi-disciplinary team, comprised of nurses, exercise and well-being practitioner, occupational therapist and assistant, creative arts therapist, played a crucial role in delivering specialised care to patients and their families.

Family Support & Bereavement Services

KEMP continued to strengthen and promote its Children and Young People (CYP) services through local networking events and partnerships, including meetings with Worcestershire WEST to explore collaboration and signposting opportunities. The Family Support and Bereavement Services team hosted the Quarterly Worcestershire Networking Meeting in February, bringing together hospices and organisations supporting bereaved CYP across the region. Highlights of the year included a Christmas Memory event for families, the development of a wellbeing booklet for schools in line with Mental Health Week 2025, and joint training initiatives with St Richard’s and Primrose Hospices to support school staff. Two team members successfully completed their CPCAB Level 5 Diploma in Counselling Children and Young People, further enhancing KEMP’s specialist counselling provision.

Adult therapeutic bereavement groups were introduced and have received excellent feedback, while links with training providers, including the Sherwood Psychotherapy Training Institute, have strengthened recruitment of counsellors in training. Two trainees achieved 100 client hours and have continued volunteering with KEMP. Demand for counselling remains at full capacity, with the expected closure of the North Worcestershire Bereavement Support service likely to increase referrals. A new 0.3 counsellor role was successfully recruited in March 2025, and storytelling training has begun to enable staff and volunteers to record life stories for those in KEMP’s care. The Family Support and Bereavement

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team continues to collaborate closely across hospice services, contributing to communications and attending Day Hospice carers groups, with regular supervision and case reviews ensuring quality and consistency of care.

The KEMP team attended the annual Hospice UK conference in Glasgow and presented our poster “Minecraft’s role in pre and post bereavement counselling for children and young people: an innovative approach at a hospice”, one of over 200 submissions. We were delighted to win the competition, judged by the Hospice UK panel and to be published in the BMJ Supportive & Palliative Care journal.

Family Support & Bereavement Services Referrals & Activity

We received 271 referrals (262 2023-24) for support for bereaved adults and 110 (112 2023-24) for children and young people. We have had a total of 2,792 contacts with clients. Contacts are sessions which are delivered either by phone, face to face or virtual. There has been a notable

increase in face-to-face sessions (+43.5%) in adults’ counselling, alongside a decrease in telephone and virtual contacts (–23.6%). This indicates a strong return to in-person preference post-pandemic. Overall, total adult counselling contacts rose by 28.5%, with referrals remaining broadly stable (+3.4%).

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Face-to-face CYP contacts, increased by 24.6%, offset by a decrease in remote contacts. Total CYP counselling activity rose by 9.9%, while referrals remained largely unchanged.

Referrals for both Adults and CYP have stayed broadly consistent between 2023–24 and 2024–25. The shift from virtual to face-toface support is clear, especially in

adults, with a 43.5% rise in in-person sessions. Total contacts increased by 28.5% for adults and 9.9% for CYP.

Finance and Welfare 2024 – 2025

Our Finance and Welfare Advisor plays a crucial role in supporting patients and their families throughout their palliative care journey and into the bereavement period, offering continued support when it’s needed most. Over the past year, they have provided practical guidance and personalised support, tailored to each family's unique circumstances. With 228 referrals received this year, their work has resulted in an estimated total of over £429,000 in financial gains for patients and their families. Their expertise ensures that patients and their loved ones can be reassured that their practical needs are being handled with empathy and professionalism, allowing them to spend quality time together.

What Our Patients and Clients say About Us

At KEMP we value the feedback we receive from the people who receive our support, their families, and carers. This helps us to always be assessing and reviewing our work, ensuring that we are improving the quality of care we provide.

Summary of Feedback from Family Support & Bereavement Counselling Services

Service users have consistently shared positive feedback throughout the year demonstrating the effectiveness of our support in enhancing wellbeing. 115 forms were collected in total, with 88.7% scoring 10/10 for their experiences of 1:1 counselling support. Key feedback themes from service users highlight the empathetic support from counsellors, who create a confidential space for clients to speak openly and honestly, without fear of judgement. The therapeutic group support initiated this year have been well received by clients on the waiting list for 1:1 support. Participants have appreciated the opportunity to connect with others who have experienced loss, allowing them to share their feelings and normalise grief in a safe and supportive environment.

Family Support & Bereavement Services Feedback

One to one counselling:

“I was ‘stuck’ in my grief. I felt empty, numb and unable to move forward. Your counsellor has navigated

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me, gently, though and I now feel able to cope better with everyday life. Thank you for helping me get back to me.”

Feedback from adult support group:

“It was very relaxed and informative. If you did not want to talk it was ok, but you were encouraged to.” Feedback from Children & Young Persons memory event:

“The evening was perfect, X was a bit nervous but said he made some lovely pals, and they reflected together on who they had lost. It was a lovely, thoughtful event… when the grief builds up… I notice he gets angry, but after the evening he was so talkative and calm and processed so many feelings, we were even able to talk about our memories of nanny… thank you so much.”

Feedback for Finance & Welfare service:

“Extremely supportive and knowledgeable. I couldn’t have managed without the help I received.”

Summary of Feedback from Care Services

Throughout the year, we have received a wide range of positive feedback from service users, reflecting the impact of our services on their wellbeing. A total of 83 comments were collected, with 97.6% (81 out of 83) rated 5/5 for their experiences. The feedback highlights the value of our varied activities and therapies, as well as the kindness and professionalism of our staff.

Key themes in the feedback include:

Craft and Creative Workshops: Many users expressed how therapeutic and enjoyable the craft sessions have been, with appreciation for the staff's dedication and knowledge. Crafting was often seen as a way to connect with others, relax, and even gain new skills, such as soap-making and jewellery-making. The social aspect of these activities was highlighted as especially valuable.

Therapeutic Services: Our massage and reflexology services received high praise for their ability to relieve physical discomfort and provide relaxation. Users commented on the professional, caring approach of staff, noting how these therapies contributed to their physical and emotional wellbeing.

Exercise and Occupational Therapy: The exercise sessions, particularly those focused on upper limb and leg strength, were frequently cited for being helpful in improving mobility. The occupational therapy home visits and advice on mobility and safety were appreciated for their practical support and personalised care.

Music Therapy: Our music therapy sessions, including ukulele and singing groups, were enjoyed by many, with feedback emphasising the uplifting nature of these activities. Users appreciated the ability of staff to create a positive, inclusive atmosphere, bringing out the best in participants.

Day Hospice and Support Services: The day hospice services were described as revitalising and a much-needed break from everyday challenges. Comments highlighted the welcoming environment and the helpful, supportive staff who make each visit special. The positive atmosphere and the quality of care were frequently noted.

Social Connection: The social and community aspect of our services was repeatedly emphasised, with users describing the opportunities to connect with others in similar circumstances as invaluable for

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their mental and emotional health.

Care Services Feedback

“I like coming here because it leaves the outside world outside and revitalises my mental state.”

“Staff are amazing!”

“Massage, group activities, home visit, all 5/5”

“All are very welcoming, made to feel comfortable and an individual.”

“The nurse’s initial visit was friendly and informed us of the purpose of what is offered. She dispelled the myth that hospices were ‘end of life’ places. So much different.”

Men’s Group

“No complaints; food/company brilliant.”

“Love Monday’s coming into KEMP. Brilliant!”

Generation of Income

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Sincere Thanks

The flexible approach and dedication to ensuring the people who need our services continued to be cared for and supported throughout this year would not have been possible without the dedication of our hardworking staff along with the very many willing volunteers who give freely of their time and talents and we would like to take this opportunity to thank them all for their efforts.

At the end of the financial year, we are fortunate to have an incredible 203 (2024: 201) individuals volunteering their time across our charity within Retail; Fundraising; Finance; Care and Bereavement Services; and on our Board of Trustees. In total an incredible 29,602 (2024: 26,828) hours of time, commitment, hard work and skills were shared to help us in delivering our work.

Financial review

Our total income for the year was £2,210,979 (2024: £1,918,565) with a net surplus of £113,664 (2024: loss of £44,509). All our income is used to support in the delivery of services to our patients and clients.

Income

We received annual funding in the form of a grant agreement from Herefordshire and Worcestershire Integrated Care System totalling £300,042 (2024: £298,253).

There are some notable achievements for our income within this financial year, despite the continuing challenges due to the economic uncertainties.

We received legacy income totalling £249,245 (2023-24: £17,200).

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Our thanks go to the Trustees of KEMP House Trust, who supported us in this financial year with funding of £275,436 towards us continuing to provide our vital services.

We are also grateful to the following Trusts and Foundations for their support:

Expenditure

Our total expenditure in 2024-25 was £2,097,315 (2024: £1,963,074). Charitable activities expenditure was £1,023,347 (2023-24: £955,489) and fundraising and retail expenditure, which directly supports our income generation for the charity, was £1,073,968 (2024: £1,007,585), both of which reflects the increase in salary and utility costs.

Total funds held at the end of the financial year were £2,757,278 (2024: £2,643,614), of which £629,683 (2024: £549,409) is restricted to both support the fixed assets, and secure service delivery which are essential for our charitable activities.

Risk Management

KEMP Hospice maintains a comprehensive risk management framework reviewed regularly by the Board of Trustees and Senior Leadership Team. The key strategic risks identified for 2024-25 include:

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Risk and Compliance

As a company and charity providing regulated and commissioned services, we follow codes of ethics and practice in our services and fundraising activities; we take our regulatory responsibilities seriously and work to protect our reputation and credibility as a professional organisation.

Reserves policy and going concern

The trustees have examined the charity’s requirements for reserves considering the main risks as listed above to the organisation, including assessed projected future income, expenditure and cashflows.

The Trustees believe the Charity’s financial resources and contingency planning is sufficient to ensure the continuation of the Charity as a going concern for the foreseeable future. Consequently, the financial statements have been prepared on this basis.

A reserves policy is established to ensure the Charity has the financial capacity needed to safeguard the provision of vital services to patients and carers from the adverse financial effects of significant and unforeseen changes in income and expenditure.

The boards target policy for available reserves are that the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be at least 6 months and no more than 18 months of anticipated expenditure. Based on the latest set of accounts, this should be between £846k and £2,540k. The Charity is a going concern, and the Board of Trustees fully intend to see this continue long into the

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future. Should this not be possible, available reserves would assist the Charity in honouring its commitments to patients and carers, employees, supporters and creditors as it scales back operations.

At the end of the financial year free reserves (excluding tangible fixed assets) for the Charity were £1,632,312 (2024: £1,611,902) which is 9 months of the anticipated expenditure and representative of the desired reserves position.

Free reserves are calculated in accordance with the Charity Commission guidance as follows:

£
Total Reserves 2,757,278
Less
Restricted Reserves – Tangible fixed assets (539,504)
Restricted Reserves – Net current assets (90,179)
Designated funds – Strategic Fund (381,854)
Unrestricted funds – Tangible fixed assets (93,663)
Available free reserves 1,652,078

The board manages financial risks, such as income or cost fluctuation by regularly reviewing our financial plans and income pipelines.

Plans for the future

Plans include the development of a new Hospice at Home service in the Wyre Forest, providing compassionate, specialist care for patients in the final weeks of life and offering emotional and practical support for their loved ones. This will extend the reach of KEMP’s services, enabling more people to receive high-quality end-of-life care in the comfort of their own homes.

Plans also include the opening of a new retail outlet on Worcester Road in Hagley – The Boutique by KEMP Hospice – offering high-end donated items in an elegant, welcoming setting. As KEMP already supports residents in Hagley, this new shop will strengthen our connection with the local community while generating vital income to help sustain and grow our hospice services.

Structure, Governance and Management

KEMP Hospice is a charitable company limited by guarantee, incorporated on 14 November 2011 and registered as a charity on 9 March 2012.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 7 to the accounts.

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Our Group Structure

The group compromises the KEMP Hospice and its wholly owned subsidiary KEMP House Trust (Hospice Shop) Limited. The group produces consolidated accounts that include the result of both entities.

KEMP House Trust (Hospice Shop) Limited is a wholly owned trading subsidiary. Its purpose is to generate income to support the Charity’s objectives by selling donated and new goods at a profit in a network of shops. The trading company acts as the Trust’s agent for an HMRC approved Gift Aid scheme for donated goods. It transfers profits to the Charity using the HMRC Gift Aid scheme for corporate donations. Its results are set out in note 12 of these financial statements. From 31[st] March 2025, the directors intend to fully transfer the activities of the Trading company to the parent company by 31 March 2026. For this reason the accounts of the Trading company have been prepared on a basis other than as a going concern.

The Board of Trustees

KEMP Hospice trustees review the aims, objectives, and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

The trustees agree the strategic direction of the charity through the preparation and monitoring of a 5- year strategy. To support delivery of the strategy, an operational business plan and budget is developed annually, approved, and reviewed by the trustees. Our full strategy can be viewed by visiting our website: https://www.kemphospice.org.uk/about-us/our-strategy/

Progress towards achieving objectives is monitored and reviewed through the respective subcommittee which are focussed on Hospice Services; Finance, People and Risk; and Income Generation, and at full Board meetings of the trustees. Monthly management accounts and quarterly reports by the Chief Executive and departmental managers are provided.

Day-to-day responsibility for the management of the charity is delegated to a senior leadership team of six, comprising: Chief Executive, Caroline Beech; Head of Finance, Rachel Paget; Head of Fundraising & Communications, Ian Carr; Head of Care & Quality, Laurey Grennall; Head of Family Support & Bereavement Services, Lyn Cadwallader; Head of People & Operations, Cassie Bennett and Head of Retail, Gary Barnes. The senior leadership team meet monthly to discuss both strategic and operational matters.

The trustees consider that they have complied with their duty in Section 17(5) of the Charities Act 2011 and have referred to the guidance provided by the Charity Commission on public benefit when reviewing the charity’s aims and objectives.

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The Board of Trustees have embraced the Charity Governance Code and have identified two key areas of focus: how the charity can demonstrate not only our financial/economic sustainability, but also our ecological and environmental impact in all our operations and how the organisation can embed Equality, Diversity and Inclusion within our culture and across all operations, including within the Board itself.

Appointment of trustees

KEMP Hospice recruit trustees based on several factors including, but not limited to, the need for a particular skill, a mix of backgrounds, experiences and considering a range of dynamics. The charity utilises social media to promote trustee vacancies, as well as charity and individual networks. A comprehensive structured recruitment process includes formal interview, time spent with a range of the charity personnel, and attendance at two Board meetings. The existing trustees then vote to appoint.

Within this financial year, the Board appointed Mrs Laura Nash, Mrs Zena Dalton and Mr Stuart Allen as trustees.

The following committees remain unchanged throughout the year; MAGIC (Marketing and Generation of Income Committee), Finance, People and Risk Committee, and Hospice Services Committee. Trustees must complete mandatory training which includes safeguarding; data security awareness; equality, diversity and human rights; and health and safety.

None of the trustees are remunerated.

Related parties and relationships with other organisations

KEMP House Trust is a separate registered charity (charity no. 511141), governed by a Trust Deed, which manages an investment portfolio and whose principal objective is to support the activities of KEMP Hospice, on provision of detailed application which demonstrates the benefits to the beneficiaries of the hospice services.

During the year ending March 2025 there were four trustees, who meet quarterly and manage and oversee the investment portfolio with the professional advice of Rathbones Group PLC (formerly Investec Wealth and Investment Ltd). who meet with the trustees at least twice a year and provide regular written reports to the board.

KEMP House Trust (Hospice Shop Ltd): The Trading Company is a wholly owned subsidiary of the Hospice. There were two directors serving during the year who have accountability for retail activities. Both of the directors are hospice Trustees. The Chief Executive has ultimate responsibility for the management of the Hospice and Trading Company. The Head of Retail and Head of Finance attend the Board meetings, which are held quarterly.

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Statement of responsibilities of the trustees

The trustees (who are also directors of KEMP Hospice for the purposes of company law) are responsible for preparing the trustees’ annual report 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 group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company or group for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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 group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2025 was 7 (2024: 7). The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

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For the year ended 31 March 2025

The trustees’ annual report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ annual report has been approved by the trustees on 3 December 2025 and signed on their behalf by

Geoff Taylor-Smith Chair

19

Independent auditor’s report

To the members of

KEMP Hospice (formerly KEMP House Trust Limited)

Opinion

We have audited the financial statements of KEMP Hospice (formerly KEMP House Trust Limited) (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2025 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated 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 FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 Auditor’s responsibilities for the audit of the group financial statements section of our report. We are

independent of the group and parent 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 KEMP Hospice'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.

20

Independent auditor’s report

To the members of

KEMP Hospice (formerly KEMP House Trust Limited)

Other Information

The other information comprises the information included in the trustees’ annual report other than the group 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 group 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group 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 group 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:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:

21

Independent auditor’s report

To the members of

KEMP Hospice (formerly KEMP House Trust Limited)

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the parent 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 group’s and the parent 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 group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.

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 are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

22

Independent auditor’s report

To the members of

KEMP Hospice (formerly KEMP House Trust Limited)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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.

23

Independent auditor’s report

To the members of

KEMP Hospice (formerly KEMP House Trust Limited)

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 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. 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 auditor’s 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.

Fleur Holden (Senior statutory auditor)

08 December 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

24

KEMP Hospice

Consolidated statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2025

For theyear ended 31 March 2025
Note
Income from:
2
3
3
4
6
Reconciliation of funds:
Donations and legacies
Charitable activities
Management charges
Lottery income
Fundraising costs
Raising funds
Charity shop income
Other trading activities
Hospice services
Education income
Net income / (expenditure) for the year
Total expenditure
Charitable activities
Hospice services
Charity shop costs
Investments
Total income
Expenditure on:
Total funds brought forward
Total funds carried forward
Transfers between funds
Net movement in funds		 Unrestricted
£
851,782
317,441
3,504
765,535
3,000
49,240
90,324		 Restricted
£
97,186
22,203
10,764
-
-
-
-		 2025
Total
£
948,968
339,644
14,268
765,535
3,000
49,240
90,324		 Unrestricted
£
698,001
309,328
764
750,493
3,000
51,158
66,141		 Restricted
£
39,680
-
-
-
-
-		 2024
Total
£
737,681
309,328
764
750,493
3,000
51,158
66,141
2,080,826 130,153 2,210,979 1,878,885 39,680 1,918,565
397,777
676,191
973,468		 -
-
49,879		 397,777
676,191
1,023,347		 372,169
635,416
897,618		 -
-
57,871		 372,169
635,416
955,489
2,047,436 49,879 2,097,315 1,905,203 57,871 1,963,074
33,390
-		 80,274
-		 113,664
-		 (26,318)
-		 (18,191)
-		 (44,509)
-
33,390
2,094,205		 80,274
549,409		 113,664
2,643,614		 (26,318)
2,120,523		 (18,191)
567,600		 (44,509)
2,688,123
2,127,595 629,683 2,757,278 2,094,205 549,409 2,643,614

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18 to the financial statements.

25

KEMP Hospice

Company no. 07846810

Balance sheets

As at 31 March 2025

As at 31 March 2025
Balance sheets		 Company no. 07846810 Company no. 07846810
Note
Fixed assets:
10
11
Current assets:
13
14
Liabilities:
15
16
17
18
Total funds
Investments
Cash at bank and in hand
Tangible assets
Creditors: amounts falling due within one year
Net current assets
Total net assets
Restricted income funds
Provision for liabilities
Unrestricted income funds:
Designated funds
General funds
Total assets less current liabilities
Stock
Debtors
Funds:		 2025
2024
£
£
633,167
640,445
-
-
The group		 2025
2024
£
£
633,167
636,069
5,002
5,002
The charity
633,167
1,708
333,234
1,980,339		 640,445
1,441
541,594
1,677,024		 638,169
1,708
338,372
1,950,873		 641,071
-
992,241
1,154,743
2,315,281
(161,270)		 2,220,059
(186,990)		 2,290,953
(150,545)		 2,146,984
(162,933)
2,154,011 2,033,069 2,140,408 1,984,051
2,787,178 2,673,514 2,778,577 2,625,122
(29,900) (29,900) (29,900) (6,000)
2,757,278 2,643,614 2,748,677 2,619,122
629,683
381,854
1,745,741		 549,409
381,854
1,712,351		 629,683
381,854
1,737,140		 549,409
381,854
1,687,859
2,757,278 2,643,614 2,748,677 2,619,122

The surplus of the Charity for the year ended 31 March 2025 was £129,555 (2024: Deficit - £37,227).

Approved by the trustees on 3rd December 2025 and signed on their behalf by

Geoff Taylor-Smith Janet Rowe Chair Trustee

26

KEMP Hospice

Consolidated statement of cash flows

For the year ended 31 March 2025

For theyear ended 31 March 2025 For theyear ended 31 March 2025 For theyear ended 31 March 2025
Note
£
£
Net income/(expenditure) for the reporting period
113,664
(as per the statement of financial activities)
Depreciation charges
32,595
Interest from investments
(90,324)
(Increase)/decrease in stocks
(267)
Decrease in debtors
208,360
(Decrease)/increase in creditors
(25,720)
Net cash provided by operating activities
238,308
90,324
(25,317)
Net cash provided by investing activities
65,007
303,315
1,677,024
1,980,339
At 1 April
2024
£
Cash at bank and in hand
1,677,024
Total cash and cash equivalents
1,677,024
Analysis of cash and cash equivalents
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash flows from operating activities
Cash flows from investing activities:
Interest received
Purchase of fixed assets
2025		 £
£
(44,509)
51,616
(66,141)
920
21,532
37,923
1,341
66,141
(31,418)
34,723
36,064
1,640,960
1,677,024

Cash flows
At 31 March
2025
£
£
303,315
1,980,339
2024

Cash flows
£
303,315
303,315
1,677,024		 36,064
1,640,960
1,980,339 1,677,024
At 1 April
2024
£
1,677,024		 At 31 March
2025
£
1,980,339
1,677,024 303,315 1,980,339

27

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies

a) Statutory information

KEMP Hospice is a charitable company limited by guarantee and is incorporated in England and Wales.

The registered office address is 41 Mason Road, Kidderminster, Worcestershire, DY11 6AG.

b) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

These financial statements consolidate the results of the charity and its wholly-owned subsidiary KEMP House Trust (Hospice Shop) Limited on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charity's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006, A summary of the result for the year is disclosed in the notes to the accounts.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The accounts are prepared as full values however are presented to the nearest £1. This may cause small discrepancies in the financial statements.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Further information in relation to the trustees' appraisal of going concern is included in the trustees' annual report.

There are no key judgements that the charity has made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

From 31st March 2025 , the directors intend to fully transfer the activities of the Trading company to the parent company by 31 March 2026. For this reason the accounts of the Trading company have been prepared on a basis other than as a going concern

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

28

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

29

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

j) Allocation of support costs

Where possible, costs have been allocated directly to the activity to which they relate. However, there are also shared support costs that enable the hospice's charitable, income generating and governance activities to be undertaken. Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff time, of the amount attributable to each activity

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

k) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

4% straight line and 99 years 5 years 4 years 3 years 3 years

m) Investments in subsidiaries

Investments in subsidiaries are at cost.

n) Stocks

Stocks are stated at the lower of cost and net realisable value. In general, cost is determined on a first in first out basis and includes transport and handling costs. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving and defective stocks.

o) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

p) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

q) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

r) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

s) Pensions

Pension contributions to the group personal pension plan are charged against income when payable.

30

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

2 Income from donations and legacies

Income from donations and legacies
General donations
Gift aid
In memoriam
Grants from KEMP House Trust
Other charitable trusts
Legacies
Corporate income
Fundraising income		 Unrestricted
£
14,722
77,848
34,959
200,000
57,438
249,245
30,208
187,362		 £
-
-
-
75,436
21,750
-
-
-
Restricted		 2025
Total
£
14,722
77,848
34,959
275,436
79,188
249,245
30,208
187,362		 Unrestricted
£
9,818
75,108
36,044
351,000
41,600
17,200
24,597
142,634		 £
-
-
-
-
39,680
-
-
-
Restricted		 2024
Total
£
9,818
75,108
36,044
351,000
81,280
17,200
24,597
142,634
851,782 97,186 948,968 698,001 39,680 737,681

Fundraising income includes events, raffle, community fundraising and donations.

3 Income from charitable activities

Income from charitable activities
CCG grant
Hospice UK Income
Other income
Sub-total for Hospice services
Education income
Sub-total for Education
Total income from charitable activities		 Unrestricted
£
300,042
-
17,399		 Restricted
£
-
22,203
-		 2025
Total
£
300,042
22,203
17,399		 Unrestricted
£
298,253
-
11,075		 Restricted
£
-
-
-		 2024
Total
£
298,253
-
11,075
317,441 22,203 339,644 309,328 - 309,328
3,504 10,764 14,268 764 - 764
3,504 10,764 14,268 764 - 764
320,945 32,967 353,912 310,092 - 310,092

Education income is for medical student palliative care placements.

31

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

Analysis of expenditure (current year)
Staff costs (Note 6)
Fundraising costs
Hospice events
Hospice care
Community fundraising
Corporate costs
Volunteer costs
Catering
Running costs
Comms and marketing
Operations
Building costs
IT costs
Training
Professional fees
Audit fee
Support costs
Governance costs
Total expenditure 2025
Total expenditure 2024		 Raising
funds
£
133,582
46,419
17,441
-
2,932
5,738
-
-
-
-
-
-
7,260
1,404
-
-		 Charity shop
costs
424,865
-
-
-
-
-
-
-
251,326
-
-
-
-
-
-
-		 Charitable
activities		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,780		 Support
costs
£
322,112
-
-
-
-
-
131
-
-
7,033
35,115
107,360
50,252
6,897
3,322
-		 2025
Total
£
1,454,079
46,419
17,441
44,360
2,932
5,738
131
10,461
251,326
7,033
35,115
107,360
75,677
19,141
3,322
16,780		 2024
Total
£
1,329,730
41,421
10,813
44,576
4,249
3,239
337
9,394
254,848
40,810
28,400
103,403
44,402
15,546
11,946
19,960
Hospice
services &
Education
£
573,520
-
-
44,360
-
-
-
10,461
-
-
-
-
18,165
10,840
-
-
214,776
177,407
5,593		 676,191
-
-		 657,346
354,815
11,187		 16,780
-
(16,780)		 532,222
(532,222)
-		 2,097,315
-
-		 1,963,074
-
-
397,777 676,191 1,023,347 - - 2,097,315 1,963,074
372,169 635,416 955,489 - -

32

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

4b Analysis of expenditure (prior year)

Analysis of expenditure (prior year)
the year ended 31 March 2025
Staff costs (Note 6)
Fundraising costs
Hospice events
Hospice care
Community fundraising
Corporate costs
Volunteer costs
Catering
Running costs
Comms and marketing
Operations
Building costs
IT costs
Training
Professional fees
Audit fee
Support costs
Governance costs
Total expenditure 2024		 Raising
funds
£
121,932
41,421
10,813
-
4,249
3,239
-
-
-
-
-
-
7,753
720
-
-
190,127
175,156
6,886
372,169		 Charity shop
costs
380,568
-
-
-
-
-
-
-
254,848
-
-
-
-
-
-
-
635,416
-
-
635,416		 Charitable
activities
Hospice
services &
Education
£
528,663
-
-
44,576
-
-
-
9,394
-
-
-
-
406
8,365
-
-
591,404
350,313
13,772
955,489		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
85
-
-
613
-
19,960
20,658
-
(20,658)
-		 Support
costs
£
298,567
-
-
-
-
-
337
-
-
40,810
28,315
103,403
36,243
5,848
11,946
-
525,469
(525,469)
-
-		 2024
Total
£
1,329,730
41,421
10,813
44,576
4,249
3,239
337
9,394
254,848
40,810
28,400
103,403
44,402
15,546
11,946
19,960
1,963,074
-
-
1,963,074

33

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

e year ended 31 March 2025
Net income / (expenditure) for the year
This is stated after charging: 2025 2024
£ £
Depreciation 32,595 51,616
Loss on disposal of fixed assets - -
Operating lease rentals:
Property 106,325 94,033
Equipment 1,103 1,515
Auditor's remuneration (excluding VAT):
Audit of parent charity 11,150 11,150
Audit of subsidiary 3,750 3,750
Other services - 1,750

Staff costs were as follows:

Staff costs were as follows:
Employer’s contribution to defined contribution pension schemes
Salaries and wages
Social security costs		 £
1,292,602
105,605
55,872		 £
1,202,953
85,476
41,301
1,454,079 1,329,730

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:

2025 2024
No. No.
£60,000 - £69,999 1 1

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £328,216 (2024: £319,471).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2024: £nil).

No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

No charity trustee received expenses for the payment or reimbursement of travel and subsistence costs (2024: £nil).

7 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 59 (2024: 60).

Staff are split across the activities of the charity as follows (full time equivalent basis):
Raising funds
Retail
Support
Governance
Management and administration		 2025
No.
5.7
5.1
14.3
16.7
0.5		 2024
No.
4.7
4.8
14.7
17.4
0.5
42.3 42.1

8 Related party transactions

During the financial year ended 31 March 2025, KEMP House Trust (Hospice Shop) Ltd made sales of donated goods on behalf of the hospice to the value of £296,707 (2024: £278,667 ). KEMP House Trust (Hospice Shop) Ltd paid management recharges to the hospice of £259,884 (2024: £240,774).

At 31 March 2025 KEMP House Trust (Hospice Shop) Ltd owed KEMP Hospice £217,227 (2024: £625,203). KEMP Hospice received grants of £200,000 within the year (2024: £351,000) from KEMP House Trust, of which £25,000 (2024: £281,941) was outstanding at year end.

Aggregate donations from related parties were £2,841 (2024: £845).

34

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

9 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidiary KEMP House Trust (Hospice Shop) Limited distributes under Gift Aid available profits to the parent charity. Its charge to corporation tax in the year was:

2025 2024
£ £
UK corporation tax at 19% - -

10 Tangible fixed assets

Tangible fixed assets
Eliminated on disposal
At the end of the year
At the start of the year
Additions in year
At the start of the year
Charge for the year
At the end of the year
Cost
The group
Net book value
Disposals in year
At the end of the year
At the start of the year
Depreciation		 Leasehold
buildings
£
815,755
1,800
-

£
26,080
-
(6,304)
Leasehold
improvements		 Motor
vehicles
£
22,120
-
-

Office
equipment
£
138,959
19,266
(2,594)
Furniture and
equipment
£
130,768
4,251
(61,602)

Total
£
1,133,682
25,317
(70,500)
817,555 19,776 22,120 155,631 73,417 1,088,499
209,425
13,154
-		 26,080
-
(6,304)		 22,120
-
-		 112,800
12,196
(2,594)		 122,812
7,245
(61,602)		 493,237
32,595
(70,500)
222,579 19,776 22,120 122,402 68,455 455,332
594,976 - - 33,229 4,962 633,167
606,330 - - 26,159 7,956 640,445
Eliminated on disposal
Disposals in year
Transferred into the Charity
Transferred into the Charity
The Charity
At the start of the year
Additions in year
At the end of the year
Cost
Net book value
At the end of the year
At the start of the year
Charge for the year
Depreciation
At the start of the year
At the end of the year		 Leasehold
buildings
£
815,755
1,800
-
19,776

Motor
Vehicles
£
-
-
-
22,120
Office
equipment
£
132,874
19,266
(2,594)
6,086
Furniture and
equipment
£
92,727
3,076
(43,071)
20,684

Total
£
1,041,356
24,142
(45,665)
68,666
837,331 22,120 155,632 73,416 1,088,499
209,425
13,154
19,776		 -
-
22,120		 107,743
11,168
(2,594)
6,086		 88,119
4,588
(43,071)
18,818		 405,287
28,910
(45,665)
66,800
242,355 22,120 122,403 68,454 455,332
594,976 - 33,229 4,962 633,167
606,330 - 25,131 4,608 636,069

The above assets are used for the Group and Charity.

35

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

11 Subsidiary undertaking

The charity owns the whole of the issued ordinary share capital of KEMP House Trust (Hospice Shop) Limited, a company registered in England. The company number is 02847086. The registered office address is 41 Mason Road, Kidderminster, DY11 6AG.

The subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the statement of financial activities. Available profits are distributed under Gift Aid to the parent charity.

In the prior year, the directors approved the decision to liquidate the company as the premises leases and trading activity would be transferred to charity. The movement of the premises leases between the companies has been delayed and although the directors still intend for this transfer to occur. In 2024 and 2025, the salaries were paid by the Charity and recharged to the subsidiary as a management charge.

Kate Collyer is also a director of the subsidiary.

A summary of the results of the subsidiary is shown below:

A summary of the results of the subsidiary is shown below:
Management charge payable to parent undertaking
Reserves
Total retained earnings brought forward
Loss for the financial year
Loss on ordinary activities before taxation
The aggregate of the assets, liabilities and reserves was:
Taxation on profit on ordinary activities
Retained earnings
Assets
Administrative expenses
Turnover
Cost of sales
Interest receivable and similar income
Loss on ordinary activities before interest and taxation
Gross profit
Distribution under Gift Aid to parent charity
Liabilities
Amounts owed to the parent undertaking are shown in note 14.
Shares in group undertaking
Cost at 1 April 2024 and 31 March 2025
Total retained earnings carried forward
Loss for the financial year		 2025
£
468,990
(2,325)		 2024
£
474,613
(2,885)
466,665
(214,513)
(296,707)		 471,728
(263,426)
(240,774)
(44,555)
31,131		 (32,472)
25,726
(13,424)
-		 (6,746)
(1,471)
(13,424) (8,217)
22,025
(13,424)
-		 31,238
(8,217)
(996)
8,601 22,025
244,107
(230,504)		 702,654
(674,156)
13,603 28,498
2025
£
5,002		 2024
£
5,002

The charity owns 100% of the share capital of KEMP House Trust (Hospice Shop) Limited.

36

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

12 Parent charity

The parent charity's gross income and the results for the year are disclosed as follows:

13
14
Amounts due from subsidiary company
15
Debtors
Taxation and social security
Result for the year
Bought goods
Prepayments and accrued income
Accruals and deferred income
Gross income
VAT
Trade creditors
Pension Fund
Stock
Trade debtors
Creditors: amounts falling due within one year
Gift Aid
Amounts due from KEMP House Trust
VAT		 2025
2024
£
£
1,708
1,441
The group		 2025
2024
£
£
1,708
1,441
The group		 2025
£
1,732,654
129,555		 2024
£
1,455,282
(37,227)
2025
2024
£
£
1,708
-
The charity
1,708 1,441 1,708 -
2025
2024
£
£
16,988
22,693
-
-
25,000
283,407
212,089
160,588
15,984
17,783
63,173
57,123
The group		 2025
2024
£
£
16,988
22,693
217,227
625,203
25,000
281,941
-
-
15,984
17,783
63,173
44,621
The charity
333,234 541,594 338,372 992,241
2025
2024
£
£
20,547
29,673
-
22,214
8,594
5,895
87,117
77,877
45,012
50,331
The group		 2025
2024
£
£
9,822
14,496
-
22,214
8,594
6,895
87,117
77,877
45,012
41,451
The charity
161,270 185,990 150,545 162,933

37

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

16 Provision for liabilities

Provision for liabilities
Dilapidations
The movement in dilapidations provision in the year was:
At the start of the year
Transfer from subsidiary
At the end of the year		 2025
2024
£
£
29,900
29,900
The group		 2025
2024
£
£
29,900
6,000
The charity
29,900 29,900 29,900 6,000
2025
2024
£
£
29,000
29,900
-
-
The group		 2025
2024
£
£
6,000
6,000
23,900
-
The charity
29,000 29,900 29,900 6,000

Within the provision for liabilities is the dilapidation provision for the cost of repairs to a number of leasehold properties at the end of their leases. This value is re-assessed annually. Given the timing of lease exit is uncertain, the value and timing of the resulting payments is also uncertain. During the financial year, provisions held by KEMP House Trust (Hospice Shop) Limited were transferred into the parent company, KEMP Hospice.

17a Analysis of group net assets between funds (current year)

Analysis of group net assets between funds (current year)
Analysis of group net assets between funds (prior year)
Net current assets
Net assets at 31 March 2024
Net assets at 31 March 2025
Tangible fixed assets
Tangible fixed assets
Net current assets		 General
unrestricted
£
93,663
1,652,078
Restricted
funds
£
539,504
90,179
Designated
funds
£
-
381,854
Total funds
£
633,167
2,124,111
1,745,741 629,683 381,854 2,757,278
General
unrestricted
£
101,260
1,611,092
Restricted
funds
£
539,185
10,224
Designated
funds
£
-
381,854
Total funds
£
640,445
2,003,170
1,712,352 549,409 381,854 2,643,615

17b Analysis of group net assets between funds (prior year)

38

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

18a Movements in funds (current year)

e year ended 31 March 2025
Movements in funds (current year)
Exercise and wellbeing refurbishment
Occupational therapy refurbishment
Bereavement services
Hospice at Home
Worcestershire Skills Boost
Total restricted funds
Strategic Fund
Total designated funds
General funds
Befriending
Total funds
Unrestricted funds:
KEMP in the Garden Building - depreciation of annexe
buildings
Freehold property at Mason Road
DHSC Capital Grant Year 1
The Kildare Trust
Designated funds:
Restricted funds:
Total unrestricted funds		 At 1 April 2024
£
222,768
316,417
-
7,312
-
2,912
-
-
-
-		 Income &
gains
£
-
-
22,203
-
2,000
-
5,000
10,500
79,686
10,764
Expenditure
& losses
£
(15,912)
(3,535)
(2,437)
(1,380)
(2,000)
(2,912)
(439)
(10,500)
-
(10,764)
Transfers
£
-
-
-
-
-
-
-
-
-
-		 At 31 March
2025
£
206,856
312,882
19,766
5,932
-
-
4,561
-
79,686
-
549,409 130,153 (49,879) - 629,683
381,854 - - - 381,854
381,854 - - - 381,854
1,712,351 2,080,826 (2,047,437) - 1,745,740
2,094,205 2,080,826 (2,047,437) - 2,127,594
2,643,614 2,210,979 (2,097,315) - 2,757,278

Details of Restricted funds

KEMP in the Garden Building and Freehold Property at Mason Road - depreciation charged on buildings used to deliver our services.

DHSC Capital Grant Year 1 - A Grant from DHSC (Department of Health & Social Care) to spend on eligible capital projects. The funding was spent on Hospice and IT equipment.

The Kildare Trust - funding to improve the garden at Mason Road.

Befriending - a grant to support the befriending service supported by The Grimley Charity and the William A Cadbury Charitable Trust

Exercise and wellbeing refurbishment - project to provide an area for the provision of exercise and wellbeing activities supported by The Rowlands Trust and Roger & Douglas Turner Charitable Trust.

Occupational therapy refurbishment - project to refurbish the occupational therapy room

Bereavement services - A grant to provide bereavement counselling for children and young people funded by The Laslett's Charities, Birmingham District Nursing Charitable Trust and the Grantham Yorke Trust.

Hospice at Home - Grants provided to support the launch of Hospice at Home services funded by KEMP House Trust, The Eric W. Vincent Trust Fund and the G J W Turner Trust

Worcestershire Skills Boost - Funding from Worcestershire County Council to provide training and development opportunities for employees.

Details of Designated Funds

Designated funds are funds which the trustees have set aside for the maintenance and improvement works to the hospice building, employee wellbeing and the development of our digital strategy. The Trustees have transferred all remaining designated funds at the year end into the new strategic fund.

Strategic Fund - This fund is held to support the objectivities identified in the strategy, including the development and completion of the new Hospice building, and to support care service or workforce development initiatives.

39

KEMP Hospice

Notes to the financial statements

For the year ended 31 March 2025

18b Movements in funds (prior year)

Movements in funds (prior year)
Total restricted funds
Total designated funds
General funds
Triage room refurbishment
Exercise and wellbeing refurbishment
Bereavement services
Befriending
Care and support services
KEMP in the Garden Building - depreciation of annexe
buildings
Freehold property at Mason Road
BBC Children in Need
The Kildare Trust
Restricted funds:
Unrestricted funds:
Designated funds:
Total funds
Redesign and landscaping of garden
Refurbishment of hospice patient
focussed rooms and general areas
Hospice kitchen & equipment
Wellbeing
Digital
Hospice roof and cellar
Strategic Fund
Total unrestricted funds		 At 1 April 2023
£
238,680
319,952
900
8,068
-
-
-
-
-		 Income &
gains
£
-
-
-
-
1,000
5,680
8,000
3,000
22,000
Expenditure
& losses
£
(15,912)
(3,535)
(900)
(756)
(1,000)
(5,680)
(5,088)
(3,000)
(22,000)
Transfers
£
-
-
-
-
-
-
-
-
-		 At 31 March
2024
£
222,768
316,417
-
7,312
-
-
2,912
-
-
567,600 54,680 (72,871) - 549,409
178,267
105,800
20,000
4,000
48,000
60,000
-		 -
-
-
-
-
-		 -
-
-
(813)
(33,400)
-		 (178,267)
(105,800)
(20,000)
(3,187)
(14,600)
(60,000)
381,854		 -
-
-
-
-
-
381,854
416,067 - (34,213) - 381,854
1,704,456 1,878,885 (1,870,990) - 1,712,351
2,120,523 1,878,885 (1,905,203) - 2,094,205
2,688,123 1,933,565 (1,978,073) - 2,643,614

19 Operating lease commitments payable as a lessee

The group's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:


periods:
Less than one year
One to five years		 2025
2024
£
£
86,333
90,500
8,000
36,833
Property		 2025
2024
£
£
694
-
2,429
-
Equipment
94,333 127,333 3,123 -

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:


periods:
Less than one year
One to five years		 2025
2024
£
£
86,833
43,000
8,000
36,833
Property		 2025
2024
£
£
694
-
2,429
-
Equipment
94,833 79,833 3,123 -

40