Gharity reglstration numtr: 1153338 Sidmouth Hospice at Home Annual Report and FinancAal Statgments for the Year Ended 30 June 2025 WESTCOTTS eHATIRS0 *C¢OVWTANT A •U¥IMIS¥ IDVISERS
Sidmouth Hosplce at Home Contents (continued) Reference and Administrative Details Trustees, Report 2to7 Independent Auditors, R&port 81011 Slalement of Financial Activities Balance Sheet 13 Cash Flow Ststement 14 Notes to the Flnandal Statements 151027
Sldmouth Hospice at Home Reforonce and Adminlstrative Details Chalmian Mr D A Hancock Co)k Trust• Mr D A l.18n¢od( Cook MrDHLee Mr P Cranch Mr K W Gillanders Ms C S Waklen hrtr l Barfow Ms H A Nelson M$ R MacKinnon, Iresigrbed 11.02.2026) Mrs J P Webber DrJECoop Trnasurer Mr K W Glllanders Charlty Roglstratlon Number 1153338 Princlpal Offic• Church Street Sldford Sldmoulh D8von EX10 9RL Audltor Weslcotts (SW} LLP Chartered accountants & ststutory audllor Timberly South Street Axmlnster Devon EX13 SAD Invostment advlsors Cazenove Capital 1 London Wall Place London EC2Y SAU Bankers Virgin Money 35 Règent Street London SW1Y4ND CAF Bank 25 Kings Hlll Avenue Klngs Hlll K6nl ME19 4JQ Page 1
Sidmouth Hospice at Home Trustees, Report The Iru5tees present the annual report together with the financial ststemenls and auditors. report of the charity for the year ended 30 JLine 2025. ObJ•¢tlvo$ and a¢tiviti•s Objects and aims Our Mission statement is.. To ensure carè and supt>ort Is provided to poople In tho Sid V811ey with life limiting illn&sses, as well as their carers and families. We do this by.. Funding the proVisn of a 2417 spocialisl palliativa nursing setvice for patients of Sid Valley Practice GPS. Running a Day Centre in Sidford. Providing volunteer 5UPPOrt lo patients, carers and families Idrivers, Sitters, companions, pre and post bereavement counselling and support, carers, group, men's group support). Operating an Infonnalion Hub in Sidmouth High Street. Publlc bgngflt In planning the activities for the year. the Trustees havè kÈpl in mind the Charity Commission guidance on public benefil. The Charity has been established lo provide the benefits of palliative care lo the residents ol Sidmoulh and the Sid Valley, all of its activities are focused on delivering care within the local community. Thi5 care is made available lo all m8mb8rs of th8 public within the Sid Valley. The Twst8es are satisfied that these aims and objectivès demonstratè the Ch8ritys adherence wrth the public benefit framework. Thg trusle¥s confirni that they have complied with the Tequirements of section 17 of thg Charities Act 2011 to have due regard to the public benefit guidan PLJblish8d by thg Charity Commission for Englan and Wales. Use of volunte•rs All Trustees, including Chairman, Vice-chairman and Treasurer, are volunteers who give th&ir time freely to the CharSty lo assist in the administration function, staff relations and compliance work. The Charily also has the services of volunteers who are directed by the Support Service Coordinators to provid& required support lo the patients and carers (drivers, sittèrs, befri8nd8rs, bèraav8mèntl- Payment for vehicle expenses and subsistènce expenses only arè made to thèse v(Aunt88rs in this respect. Finan¢io1 review The financial slatements and the aUnting pollcies used in their preparation comply with all of the current statutory requirements and with the governing document. The Statement of Financial Activities shows th8 charity had total income of £988,26812024.. £1,198,798) and total expenditure of £927,791 12024.. £869,810} during the period. Income exceeded Expenditure (including nursing salari8s and clinical costs) in the period by £60.477 and there was a slight loss in the valuation of listed investments of £15,146. Page 2
Sidmouth Hospice at Home Trustees. Report (continued) Achwvements and pertomianc ceJtHom*s an Operatlonal Dèlivery This year marked the fourth full calendar year of operating the Sidmoulh Integrated Model for Specialist Palliative Care. At the heart of this model is a Specialist Pallialwe Nursing Team thal is available 2417 and provides contlnuity of eare for all pallialive and end-of-life patients and their families. Servi¢as provided include. SP8aalist symptom control for patients wf(h complex needs.. hospice at home rbursing r3ra to enable more patients to rgmain in their own homes and prevent unnecessary hospital admissions. psychological and emotional support for 811 patients and familles., COLTrrdinalion and oversight of wder community support lo mael the indiwdual needs of each patient and IheiT family. Dunng the financial year OLJr sp8¢ialisl service saw a 15.5% increase in the number of patients referred to u8 compared to the previous year. which in itself was 8 15•A increase from the year before. Th8 Ilme spent out on overnight visits by our specialist nurses has risen by 810 compared lo the prgViOUS ygar. And our specialist service enabled 92% of our patients tr) die in their pr6ferred place of dgath, up from 910/0 the prior ygar. This extra demand has led to the Charty havir¥J lo think creatively aul how lo fund and maintain the lev81 of Servi lo keep up with this increasing demand. The demand pressures have incr8ased by the expansion of the Day Centre services in the Sidford HQ. We expect the coming year to be one marked by increased levels of marketing and fundraising to raise the profile of the Charity further within the Sid Valley. W8 continue to be seen as a loader of best practice lo(zlly, regionally and nation811y. Page 3
Sidmouth Hospice at Horne Trustees. Report (continued} Our Sldford HQ continues to be a thriving centre of excellence that we Continue to develop. 11 has allowed the Lharity to support patients and families with a far greater depth and breadth of services than ever before, includinu A widèr rAnGe nf eA)mplgmentAry therapy offeTings. We have the foll(Iwino services operating out of the Day Centre.. MondaylWednesdaylFriday Day Care for Sidmouth Hospice at Home patients. assisted patienl bathing and complementary therapies. TuesdaylThursday.' Dementia Services run by the NHS Community Nursing team. Hosting thls service allows for 9realer integiatiDn with an important local sfjrvi¢e and continuity of re for palienls. Proflle and Communlty Engagement The Infomation Hub in Sidmouth High Str8èt continuès to b8 a w811 ulilis8d and éssèntial s8rvice within our cornmunity. Our committed team of volunteers, who asslsl In running this facility. bring expertise to deliv&ring a diversa offer of services there. We have welcomed a total of 1322 visitors this year, an increase of 70/0 from 1240 last year. The Charity is fortunate lo have a talented and committed volunteer population of 82 volunleors, lo whom we are immensely grateful for thelr generosity in giving their skills. support and time lo enable our Charity lo have ¢onsid$rable positive impact on service users and Dur der community- We are grateful and appre¢i8tive for the work ethic and dedication of our staff who under Alasdair Cameron's leadership have enablèd Sidmouth Hospice al Home to have another very successful year. offering opportunities for development lo our service. fvndraising and grtraler awareness of our work in the local community. The Charity continues lo enjoy the suc¢ess of our Fundraising and Marketing specialist, who continues lo in¢rease awaren¢ss and engagernenl, as well as maximising income generation to support our expanding list of sgrvicgs. The recognition of thè work of the Charity, rts impact on ihe patients and famili8s and thè valu8 to the wider community has never been higher. Looking ahead The Charity will ¢onlinue lo improve tho car& and support that we can provide through.. The continued provision of specialist nursing support for patients with complex needs using the Sidmouth Integrated Model for Specialist Palliative Care to enable more patients to remain in their own homes. Wider support services to help our patients have the best possible quality of life and to help address their concerns. Wider services for carérs. lo provide respite and help them to stay connected wth their friends and the community, • Broadening our services to all patients who have a Sid Valley GP and are diagnosed as requiring P811ialive care lincluding for example those wilh advanced dementia or fraillyl. Working with other organisations in our ¢ommunily and signposting lo them to provide Ihe best possible care and support to our patients and their families. Page 4
Sidmouth Hospice at Home Truslees. Report (continued) Pollcy on r•servo$ In the past. the Charity has relie¢J on income from leacreS to assist in fundinq its expenditLJre. By their Vgry naluie, th& TnJste85 cannot assuiii6 that iii fuluie Subli iriGlie woll LJ¥ ¥ l¥yU11, i¥liciblt* suuiGe of income. In recent years, the lovel of incorne received from long-term investments and short-tsrm deposlts have covered a significant bul decreasing proportion of the cost the Charitys charitable aclivilies. The Trustees consider that this trend is likely to continue. Due to the Critical nature of our services lo our local community, and our commitment to the NHS through the Royal D&von University Healthcare Trusl lo pay for the services of our Nursing Team, the Trustees have decided that it is prudent to aim to hold the equivalent of five years of nursing and clinical costs in restricted reserves. Inv•stment policy and objeetlves The Constitution allows for funds to be invested with Official Custodian for Charities or in securities for the time being aulhorised by law for the investment of trust funds or in such other investments (including the pijrchase of freehold or leasehold landl as the Committee shall, on advic8 of ils financial adviser given at the lime of investment. select. The Trustees have inv¢sted monies in both fixed inleresl and investment units to secure quarterly income and capital growth with the 51ralegy to maintaln servSc8 to patients and the assets of the Charity. During the year Cazenovè Capltal IBristol branchl advised on all of the Charity's stock mark8t inveslments and made a portfolio presentation al a me8ting of the Trustees. The Charity seeks to achieve the best firsancial relum within an acceptablè level of risk. Structure. governanc• and management Naturg of govamlng document Sidmouth Hospice al Home is a charitable incorporated organisation which was originally established as Sidmouth Hospiscare Trust by constitution dated 9 August 2013. 11 changed its name to Sidmouth Hospice at Home on 4 November 2020. It is 8 registered charity, number 1153338. Recrultment and appointment of trusteès The Board of Trustees is a self-appoinling body. One Ihird of the members of the Board are required lo tire annually but any member may be re-elected for a further term. The following Iruslees retired al the Novomb8r 2025 meeting bul were re-elected for a further 3 year temi.. Rachael MacKinnon Keith Gillanders - Treasurer Page 5
Sidmouth Hospice at Home Trustees. Report (continued) OrganlsatSonal structure The Trustees are responsible for overseeing the running of Sidmouth Hospice al Home. Policy decisions are made by the Truslees who meet regularly. The Chief Executive Officer Is responsible for dealing with day to day transactions. Major rl$ks and man•yement of those rSsks Thè Truste8s have 8xamined all areas of the Charitys operations and considered the major risks faced in each of these areas. In the opinion of the Trustees, the Charty has established resources and review systems which, under nomial conditions. should allow these risks to be mitlgated to an acpIable level in its day to day operations. Slat¢m&nt of TN8tee$' Re$ponslbllltles The trustees are responsible for preparing the trustees. report and the financial statements in accordan¢e with the United Kingdom Accounting Stsndards (United Kingdom Generalty Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of thè charity and of the incoming resourcas and application of resources of the charity for that period. In preparing those financlal statements. the Irustees are requir8d lo: sele¢t suitable accounting policies and then appty them consistently- observe Ihe methods and princlplgs in thè Charllies SORP,. make judgements and eslimales that are reasonable and prudenl., slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalements., and prepare the financial statements on the going ¢on¢ern basis unless il is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuraey at any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. the Charities IAc¢ounls and Reports) Regulations 2008, and Ihe provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reason8ble steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the mainlenan¢e and integnty of the corporate and financial information included on the ¢haritable companls website. Legislation goveming the preparation ar dissemination of financial slalem8nts may differ from legislats.on in olhertrurisdiclions. Page 6
Sldmouth Hosplce at Home Trustees. Report (continued) Dlseiosurè of Inforniatlon to auditor Each trustee. has taken steps that they ought to have taken a$ a trustse in ordor to mdkg th¢mselvg8 Aware of any relevant audbt infomatlon and lo establlsh that the ¢hariVs ador is aware of Ihat Infomation. The trustees confimi that there Is no relevant infomiation that they know of and of they know the audltor Is unaware. The annual report was approved by the Iruslees of the charfty on 21t. pH...204frd signed on Its behaff by: Mr D A Han¢k Cook Chairnian and truslee MrKW illanders Treasurer and trustee Page 7
Sidmouth Hospice at Home Independent Auditor's Report to the Trustees of Sidmouth Hosplce at Home Opinion We have audited thè finencial ytstements of ldmOUth H03pice at Home (the 'chority'l for thc year ended 30 June 2025, which comprise the Statement of Financlal Aclivlties, Balance Sheet, Cash Flow Statement. and Notes to the Financial Statements. including a summary of significant accounting policles. The financial reporting framework that has been applied In their preparation is United Kingdom Accounting Standards. comprising Charities SORP - FRS 102 'The Financial Reporting Standard appli¢able in the UK and Republic of Ireland, ané applicable law Iunited Kingdom Gan8rally A¢¢epled Accounting Practice). In our opinion the financi81 $18tem8nts'. give a true and falr view of the State ol the charity's affaits as at 30 June 2025 and of Its incoming resources and application of resources, including ils income and expenditure. for the year then ended., have be8n properly prepared in accordance whh Unlted Klngknm Generally Accepted Accounting Practice; and have been prepared in accordanc8 wilh the requlrements of the Charili8s Act 2011. Basls for oplnlon We conducted our audit in accordance with Int8mat*onal Standards on Auditing IUKI IISAS IUKI) and applicable law. Our responsibilities under those stsndards are further described in the auditor responsibiliti8s for the audit of the financ¢al ststements section of our report. We are independent of the charity in accordance with the elhicaS 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 responsibilits.es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinton. Concluslons r8latlng to going concem In auditing the financial statements, we have concluded that the tnJst88s us8 of the going concern basis of accounting in the preparation of the financlal statements is appropdale. Based on the work we have performed, we have not idenlrfied any material uncertainli8s relating to events or conditions that, individually or collectively. may cast snItICant doubt on the charity's ability lo continue as a going concern for a period of at least ttvelve months from when the original financi81 statements were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of this report. other Informatlon The Iruslees are responsible for the other Informatlon. The other Infomiation comprises the information included in the annual report, other than the financial slalemenls and our auditorfs report Ihereon. Our opinion on the financial statemonls does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not expres5 any fomi of assurance conclusion thereon. Page 8
Sidmouth Hospice at Home Independent Audltorfs Report to the Trustees of Sidmoulh Hosplce at Home {continued) In c.nnnprtl¢in with our audit of the Iinancial stalemgnls, our rosponsibility is to road th8 Othor inform8tion and, in doing so, consider whelher the nthf>r infnrmAtinn 18 m2¢Arially inr.nn.8i.8tp.nl wilh the rinancial statements or OUT krwledge obtainèd in the audit or otherwse appears lo be malerially misslaled. If we identify such material inconsistencies or apparent material misslatemenls, we are required to determine whether thera is a material misstatement in the financial statements or a material misslalemenl of the olher infoimalion. If, based on the work we have performed. we conclude that the is a material misslatemenl of this other infom)alion, we are required to report Ihal facl. We have nothing to report in this regard. Matt•rs on which wo ar• requlred to r•part by exception In the light of our knowledge and understanding of th8 charity and its environment obtained in Ihe cours8 of the audit, we have not idenlifled material misstatements in the Trustees, Report. We have nothing to report in respect of the following mallers where Ihe Charities (Accounts and Report) Regulations 2008 requires us to report to you if. in our opinion.. adequate accounting records have not been kept. or relums adequate for Our audit have not been received from branches not visiled by us., or the financial slatemenls a not in agreement wlh the accounting records and r¢tums- or certain disclosures of Iruslees remuneration specified by law aro not made,. or we have not received all the infomiatlon and explanations we require for our audit. Responslbllities of trustees As explained more fully in the Stslement of Trustees. Responsibilities Isel out on page 61, the Iruslees are responslble for the preparation of the financial ststem&nls and for being satisfiad that they give a true and fair view, and for suGh intemal control as the trustees determine is necessary to enabl8 the preparation of thnancial statements that are free from material misststemenl, whether due to fraud or error. In preparing the financial slalements, the trustees are spOnSible for assessing the charity's a.Ity to continue as a going con¢em, disclosing, as appllcable. matters r8lated to going concern and using the going concern basis of a¢counting unless the trustees either intend lo liquidate the charity or to cease operations. or have no realisllc alternative bul lo do so. Auditor Responsibilities for the auilit of the flnan¢lal statements Our objectives are lo obtain reasonable assurance about whethei 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 guaranlee that an audit conducled in accordance with ISAS IUKI will always delecl a malerial misslalement when il exists. Mlsstst&menls can arise from fraud or error and are consiéered material if, individually or in the aggregate, they could reasonably be expecled to influènce the economlc decislons of users taken on the basis of thes8 financial statements. The extent lo which oui procedures are capable of detecting irregularities. including fraud is detailed bekjw.. Page 9
Sidmouth Hospice at Home Independenl Auditor's Report to the Trustees of Sidmouth Hospice at Home (continued) Irregularities, including fraud. are instances of non-complianc8 With laws and regulations. We design procodurc• in lino with our rospDnsibilrt1è8, oufjinèd 8bov6. to dét8ct matBrial misslalemenls in respect of irregularilies, including fraud. The exlenl lo which our proc8dufes are capable of detecling irregularities, including fraud is detailed below.. We identified areas of law5 and regulations that could reasonably be expected to have a material effect on the financial slalemenls frorn our general ¢ommercial and sector experience and through discussion with the trustees and management. We communicated identified laws and regulations IhroLJghoul our team, and remained alert lo any indications of rion-compliance IhroughoLJt the audit. The charlly is subject to laws and regulations that govem th9 preparation of the financial ststements. including fi'nancial reporting legislation. and othèr charity legislation. The charity is also subject to other laws and regulations where the Consèquènces of non-complianc8 could have a material impact on the amounts or disclosuTes wilhln the financlal slalements, Including but not limited lo, employment, anti-bribery and anti-money laundering. Owing to the inherent limitstions of an audit, there is an unavoidable risk Ihal we may not have detected some m8leTial wnisslalemenls in the financial slatemanls, even though we have propedy planned and performed our audit in accordance with audf(ing standards. In any audit. there remains a higher risk of non-deteclion of irregularities, as these may involve ¢ollusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-¢omplian¢e and cannot be expected to detect non-compliance wlth all laws and regulations. As part of an audll In accordance with ISAS IUKI, we exerclse professional judgement and maintain professional scepticism throughout the audit. W8 also.. Identify and assess the risks of material misstatement of the financial statement5, whether due to fraud or error, design and perfom audit procedu$ sponSive to those risks, and obtain audit eviden that 15 sufficient and appropriate lo provide a basis for our opinion. The risk of Tt detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may invOe collusion, forgery, intentional omissions. misrepresenlalioiis, or the override of intemal control. Obtain an understanding of intemal conlrgl relevant lo the audit in order lo design audil procedures that are appropriate in the circumstsnces, bul not for the purpose of expressing an opinlon on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Iru51ees. Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audil evidence obtained, wheth8r a material Ljncertainty exists related lo events or ndilions that may cast significant doubl on the chadly's ability lo ¢onlinue as a going concern. If W8 conclude that a material unc8rtainty exists, we a qUIred lo draw attention in our audllor's report to the related dis¢losuTes in the financial statements or, If such dlsclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the dale of our auditor's report. However. future events or conditions may cause the charity lo cease lo continue as a going concern. Evaluate the overall presentstion, strucluie and content of the finandal statements, induding the disclosures, and whether the financial statements represent the underlying transactions events in a manner that achieve5 fair presentation. Page 10
Sidmouth Hosplce at Home Independent Auditorfs Report to the Trustees of Sldmouth Hospice at Home (contlnued) WA enmmiinlral8 whh those charged with govemance reg8rding, among other matters, the plann6d scope and limlng of the audit and slgnificanl audit findlno8. Inr,Iiidinu Any .81gnifirAnt deflclèneiè.$ in intsmal control that we idenuty during our audit. Use of our raport Thls report is made solely to the chartty trustees, as a body, in accordance with section 144 of the Charities 2011 and gUlatIonS made under section 154 of that Act. Our audit work has been und8rtakgn so that we might state to the trusleos those matters we are required lo state to trustees in an auditors, report and for no olh8r purpose. To the fullest extent pemiittgd by law. we do not accept or assume rèsponsibility to anyone other than the chaTily and its trusteès as a body, for our audlt work. for this report. OT for the oplnlons we have fomied. -thart Carrington FCA Isonior Ststutory Audltorl For and on b•half of Wo$t¢otts (SWI LLP. Statutory Audltor Tombolly South Street Axminstsr Devon EX13 5A0 14: 4+_ Zk7fj Page11
Sidmouth Hospice at Home Statement of Financial Activities for the Year Ended 30 June 2025 Unr•strietÈd funds Restricted funds Total 2025 Total 2024 Note Income and Endowments from: Donations an legacies other trading activities Investment income Other incomè 824,685 6.670 108.825 48,088 872,773 6.670 108,825 1,030,788 5,553 82,457 80,000 Total incom8 940,180 48,088 988,268 1,198,798 Expèndbture on: Raising funds Charitable aoliwties Oth8r èxpenditure {9,0141 1909.0421 19,0141 1918,777} 116,3661 1853,371) 731 19,7351 Total expgnditure Gain51llossesl on investment assets 1918.0561 19,735) 1927,7911 1869.810) 115,1461 115.1461 149,608 Net Income Gross transfers betsveen funds 6.978 38,353 45.331 478,596 43.112 43,112 Net wnovemenl In funds 50,090 {4.7591 45,331 478,596 Rocon¢lllatlon of funds Total funds brought forward 20 Total funds carried fornard 20 4.359.432 4.972 4,364,404 3,885,808 4,409.522 213 4,409,735 4.364,404 All of the charity's activities deriv8 from continuing operations during the abova periods. The funds breakdown for 2024 is shown In note 20. The notes on pages 15 to 27 fom) an integral part of these financial statements. Page 12
Sidmouth Hospice at Home (Registration number: 1153338) Balance Sheet as at 30 June 2025 2025 2024 Note. Fixe(l ass•t$ Tangible assets Investment5 14 15 867,965 2.222,275 849,015 2,173,102 3,022,117 3,090,240 Current ass•ts Debtors Cash at bank and in hand 16 17 634,988 832,163 897.524 585.601 1.467.151 1,483.125 Crndltors: Amount8 falllng due vAthln one year Net curront assets 18 1147,656 140,838 1.319.495 1,342.287 N&t assets 4,409.735 4,364,404 Fund$ of tho charlty: Restrlct•d income lunds Restricted funds 213 4,972 Unr•strl¢ted incom• funds Unrestricted funds 4.409,522 4.359,432 Total funds 20 4,409,735 4,364.404 The financial statements on pages 12 to 27 were approved by the Iruslees. and aulhorfsed for issue on 241>4gL9Zk. and signed on their behalf by.. A Hanco¢k Cook Chaim)an and trustoe MrKW land•rs Treasuror and trustee The notos on pages 15 to 27 form an Integral part of th&s8 financlal statements. Page 13
Sidmouth Hospice at Home Cash Flow Statement for the Year Ended 30 June 2025 2025 2024 Not Cash flows from op¢ratlng actlvltles Net cash income 45.331 478,596 Adjustments to cash flows from non•cash Items Deprgcialion Inv8stment income Profit on disposal of tangible fixed assets Revaluabon of invgstmenls 14 30.168 (108,8251 28,340 182,457) 179.970) 1150.5971 193,912 15 15.146 118,1801 WorkSng capltal adlustmgnts Decreasellincreasel in debtors Increase in Credilors 16 18 262,536 6,818 {44,627) 19.190 Nel cash flows from operating a¢tivilies 251,174 168,475 Cash flow$ from Invèstlng aetlvltles Interest recgivable and similar income Purchase of tangible fixed assets Sale of tangible fixed assets Purchase of investments Sale of investrnents 108,825 149,118) 82,457 195,4351 301,043 1518,4071 399,151 14 15 15 12.240,500) 2.176,181 Nel cash flows from investing aclivllies {4,612 168,809 Net incraasg in ¢a$h and $h equivalents Cash 8nd cash equivalents at 1 July Cash and cash equivalen15 al 30 June 246,562 337.284 585.601 248,317 832,163 585,601 l of the ¢ash flows are dgrived from continuing operations during the above two perbds. The notes on pages 15 to 27 form an integral part of these financial slalements. Page 14
Sidmouth Hospice al Home Notes to the Financial Statements for the Year Ended 30 June 2025 1 Accouiitliig poli¢i¥b statement of compllance The fin8nci315tstements havè been prepared in ac¢ordance with the second edition of the Charities Slalement of Recommended Practice issued in (klober 2019, the Financial Reporb'ng Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charitiés Act 2011. Ba$ls of preparation Sidmouth Hospice al Home me8ts the definition of a public benefll entity under FRS 102. The accounts (financial statements) have been prepar8d under the historTcal cost convgntion wilh items rgcognised at cost or transaction value unless otherwise staled in the relevant not8{sl to thes& accounts. The addrèss of the principal office is Church Street, Sidford. Oovon, EX10 9RL. The financial statements are preparèd in sleding. which is the functional curr8ncy of the enllty. Golng ¢oncem The Iruslees consider that there are no material uncertainties about the ch8rSWs ability to continue as a going concern. Judgèments The preparation of the financial ststemenls requires management lo make judgements. estimates and assumptlDns that affect the amounts report. These estimates and judgements are continually eviewed and are basèd on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Ther8 are no judgements or key sources of estimation uncèrtainty that hav8 a significant risk of causing a matèrial adjustment to assets ar)d liabilities to be disclosed. Accounting estimates and assumptions are made conceming the fulure and, by their nature. will rarety equal the related actual outcome. Incom• and endowments All income is induded in the statement ol financial activities when the Charity is entitled to th& income, any perfomian¢e related conditions attached hava been mel or are fully wthin Ihe ¢onliol of the Charity, the income is considered probable and the amount can bè quantified with reasonabla accuracy. The following specific policies are applled to particular categories of income= Voluntsry income is reiVed by way of grants, donations and gifts and is included in full in the statement of financial activities when 1vable. Granis where enli118menl is not ¢ondilional on the delivery of specific performance by Ihe charity, are recognised whgn the Charity becomes unconditionally entitled to the grant. Investment income is incluijed when received. Legacies are included wh8n thé Charity is advised by the personal representsllve of an estate that payment will be made or property transferred And the amount involved can bg guanliffied. Page 15
Sidmouth Hospice at Home Notes lo the Financial Statements for the Year Ended 30 June 2025 (contlnued) EX1}dtur9 Expenditure is recoanised on an accruals basis as a liabilty is incurred. Exp8ndilur8 includeg any VAT which cannot be fully recovered, and is reported as part of the expenditure to whh it relates-. Costs of raising funds comprise the costs associated with attra¢ling donations, grants and legacies and the costs of trading lor fundralslng purposes Charitsble expenditure comprise those costs incurred by the Charity in the delivery of its acllvilies and services for its ben8ficiaries. It includes both Costs that can be alloc81ed direcdy to such activities and those costs of an Indirect nature necessary lo support them. Support costs are those costs incurred diredy in support of expendrture on the objects of the charity and induded project managemenl. Other expenditure includes all expenditure that is neither related to raising funds for the Charity nor part of its expenditure on charitable aclivilies. All costs are allocated btheen expenditure categDNes of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportloned on an appropriat8 basis, as sot OLJt in the notes to th8 accounts. Tax*tlon The charty is considèrèd to pass thè tests sel out in P8r¥gr8ph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitsble company for UK corporation tsx purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Charggablg Gains Act 1992. to the 8Xtent Ihal suGh in¢ome or gains are applied exclusively to charitable purpo$8s. Tangible fixed a55ets Assets are initially ror4ed at cost, and subsequently slated at cost less any accumulated d8preciation. Medical equlpment is written off lo the Statement of Financial Activities in the year of purchase. Depr8ciation and amortl$atlon Depreciation is provided on tangibl8 fixed assets so as to write off the cost or valualion, less any eslimaled residual value. over thèir expected useful economic lrfe as follows- Asset class Land and buildSngs Fixtur&s and fittings Equipment Depreclatlon method and rate stralght line over SO years straight line over 10 years straight line over 5 years Page 16
Sidmouth Hospice at Home Notes to the Financial Statements for the Year Ended 30 June 2025 (continued) Fix¥d 4ssot Investments Unlisted equity inveslm8nts arp initially rficnrdpd at fXk81, and giih8pqiiAntly mAA%iired 4t fair v8lLie. If falr value cannot b8 reliably measured, assets are measured al cost less impairment. Listed investments are measured at falr value with changes in fair value being recognised in income or expandilure. Cash and ¢ash equivalents Cash and cash equivalents comprise eash on hand and call deposits, and other short-lerm highly liquid investments that are readily convertible lo a known amount of cash and are subject lo an insignifi(8nl risk of change in value. Fund structure Unrestricted Income funds ar8 general funds that arg available for use al the Irusl88s discrgtion in furtherance of the objectives of the charity. Designated funds are unreslricled funds eamiarked by the Trusl&8s for specific purposes. Restricted funds are subjocled lo restrictions on their expenditure imposed by the (ionor or through the terms of an appeal. Dellned ¢ontribution plans Contribulions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contrbulions are Tecognised gs an as5el lo the extent that the prepayment w¥ill lead to a reduction in future payments or a cash refund. When contributions are not expected lo bè settled wholly within 12 months of the end of the reporting dale in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is racognised as an expense in the period in which it aris8S. Page 17
Sidmouth Hospice at Homè Notes to the Flnanclal Statements for the Year Ended 30 June 2025 (continued) Fillaila1 liists'uiiieiils A financial asset 01 a fii)an¢i81 liability is recognised only when the enlily becomes a party lo the contractual provisions of the instrument. Basic finaneial instruments are inlli8lly recognised at the amount receivab or payable Includlng any related transaction costs, unless the arrangement conslitules a financing transaction, wh8re il is r@cognis8d at the prasent value of the future payments discounted at a market rate of Interest for a similar debt inslrumenl. Current assets and current liabilities are $ub$equently measured at the cash or olher considerab'on expected to be paid or received and not discounted. Debt instwmenls are subsequenlly measured at amortised cost. Whero investh)enls in shares or preference shargs are publicly traded or thgir fair value can otherwise be measured reliably, the investment is subsequently measured at fair valu& with changes in fair value recognlsed in income and expenditure. All other such investments are subsequently measured al CA)St less impairment. 2 Income from donatlon8 and legacle8 Unrestrictod funds General Re$tri¢ted fundy Total 2025 Donatlons and 1oga¢los Donations Legacias Gift aid reclaimed Grants, Ineludlng eapltal grants Grants 184.411 633,911 5,608 184,411 633,911 5,608 755 48,088 48,843 824.685 48.088 872,773 Unrestrlcted fund$ Goneral Rostrf¢tod funds Total 2024 Donatlons and lega¢los Donations Legacies Gift aid reclaimed Grants, including capital grants Grants 119,559 894,421 3,206 119,559 894,421 3,206 786 12,816 13,602 1,017,972 12,816 1,030,788 P890 18
Sldmouth Hospice al Home Notes to the Financlal Statements for the Year Ended 30 June 2025 (continued) J Incoimé fi'oi)) tsllivi liudiiiy aLllvlll8¥5 Unrestrlcted funds General Total 2025 Room rental 6,670 6,670 6.670 6,670 Unrestricted funds Gen8ral Total 2024 Room rental 5,553 5.553 5.553 5,553 4 Invostment income Unrestrlcted funds Genoral Restricted funds Totsl 2025 Bank interest re1vable Income from listed investments 4.142 104,683 4,142 104,683 108,825 108,825 Unrgstricted funds General R8$trf¢tod funds Total 2024 Bank interest receivable In¢tsrne from listèd investments 4.3D7 78.150 4.307 78,150 82,457 82,457 5 Other Income Total 2025 Total 2024 Gains on sale of tangible fixed assets for charity's own use 80,000 80,000 Page 19
Sidmouth Hospice at Home Notes to the Financial Statements for the Year Ended 30 June 2025 Icontinued) 6 Exyndlture on ralslng funds al Investment management costs Unr8Strict8d funds Gènoral Total 2025 Investment management fees and Charges 9,014 9,014 9,014 9,014 Unrestricted funds Gon•ral Total 2024 Investment management fees and charges 16,366 16,366 16,366 16,366 7 Expanditurg on charlt8bl• a¢tlvlti¢s y fund type Unrestricted funds Gongral Rg$trlct•d funds Total 2025 General funds Support w$ts 867,726 41.316 9,735 877,461 41,316 918,777 909,042 9,735 Unr•strl¢tsd funds General Rostricted fund$ Total 2024 GeneTal funds Support costs 791,031 52,422 9.918 800,949 52,422 853,371 843,453 9,918 Page 20
Sidmouth Hospice at Home Notes to the Financial Statements for the Year Ended 30 June 2025 (continued) 8 Other exp?ndltur8 Total 2025 Total 2024 Loss on sale of tangible fixed assets held for chariws own use 73 73 g Analysls of support costs Support costs allocated lo charltable activiti•$ Total 2025 Total 2024 Staff costs Legal and professional fees Bank charges 22,326 19,083 165 21.047 31,283 92 41.574 52,422 10 Not incomlngloutgoing resour¢•$ Net incoming resources for the year include.. 2025 2024 Audit fees Profil on dispos81 of tangible fixed assets Depreciation of fixed assets 3,972 3,780 179,9701 28,340 30.168 11 Trustees rnmunèration and gxp•n$•s No trustees, nor any persons connected wth them. have received any muneration from the charity during the year. During the year, expènses lotalling £7012024.. none) were reimbursed to a trustee for travel cost8. 12 Staff costs The aggregate payroll costs were a$ follows.. Page 21
Sldmouth Hospice at Home Notes to the Financial Statements for the Year Ended 30 June 2025 (continued) 2025 2024 Staff ¢osts durlng the year were: Wages and salaries Social security costs Pension costs Other staff costs 204,236 12,890 5.760 179.767 10.476 5,245 4,430 222.886 199.918 The monthly average number of persgns lincluding senior management I leadership team) employed by the charity during the year was as follows.. 2025 2024 Managerial staff Admlnislralive staff The total employeg benefils of the key management personnel of Ihe charily were £80,640 (2024 £71,119). 13 Audltors. remuneration 2025 2024 Fees payable for the audit of the financial statements 3,972 3,780 Page 22
Sidmouth Hospice at Home Notes to the Flnanclal Statements for the Year Ended 30 June 2025 (contlnued) 14 Tanglble flxed assets Land and Flxtures and buildings Ilttlngs Equiprnont Total Cost At 1 July 2024 Additions 892,140 39.641 47,933 8.601 28.516 876 968,589 49,118 AI 30 June 2025 931,781 56,534 29,392 1,017,707 Dopr•clatlon At 1 July 2024 Charge for the year At 30 June 2025 93,357 18,637 11,848 5,653 14,369 5,878 119,574 30,168 111,994 17,501 20,247 149.742 Not book value AI 30 June 2025 819,787 39,033 9.145 867,965 At 30 June 2024 798,783 36,085 14,147 849,015 15 Flxed a$$et inv•stments Other investments Listod Investments Total Cost or Valuation Al 1 July 2024 Revaluation Addltlons Disposals 2.173,102 2.173,102 115,1461 {15,146) 2,240,500 2,240,500 2,176.181 2,176,181 At 30 June 2025 2,222.275 2.222,275 Ngt book value AI 30 June 2025 2,222.275 2,222,275 At 30 June 2024 2.173,102 2,173,102 All investments shown above are hèld at valuation. Financial as$*ts hold at falr valu• The above carrying amounts are recognised as fdlow$'. Page 23
Sidmouth Hospice at Home Noles to the Financial Statements for the Year Ended 30 June 2025 {contlnued) 2025 2024 Held at falr valu8 H&ld at historical cost less ImpaiTment 2,222,27S 2,238,468 2,173.102 1.983,085 Fixed asset investments are induded in the financial statements at market value. All changes in value, whether arising upon disposals oi upon revaluation, are reported in the Statement of Financial Acb"vilies for the year in which the change occurs. 16 Debtors 2025 2024 Trade debtors Prepayments Accrued income Other debtors 563.314 6,260 7,650 57,764 856,605 3,166 2,752 35,001 634,988 897,524 17 Cash and cash •qulvalent$ 2025 2024 Cash on hand Cash al bank 147 585,454 831.941 832,163 585,601 18 Creditor5'. amounts falling due within ono year 2025 2024 Trade credltors Olhei creditors Accruals 12,298 126.412 8,946 17,448 114,882 8,508 147,656 140,838 19 Penslon and other schernes D¢fined Gontrlbullon pgnslon s¢h•me The charity operates a dèfined ctsnlribution pension scheme. The penston cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5,760 12024 £5.2451. Page 24
Sldmouth Hosplce at Hom• Notes to the Financial Statements for the Year Ended 30 June 2025 (contlnued) 20 Funds 1 July Ineoming Resourc•s 2024 resources expendod Transfers Galnsl {lossesl 30 Julie 2025 Unrestrlcted funds General General funds Property fund Clinical Services 1,560,649 798,783 2,000,000 940.180 1899,419> 1496,5291 115.1461 1,089.735 {18,6371 39.641 819,787 500,000 2,500,000 4,359,432 940,180 1918,0561 15,146 43.112 4,409,522 Restrl¢t¢d funds Meckiff Education fund Solar panels Water tank Hospice UK Grant DHSC Capital funding Sidmouth Victoria Hospital 4.972 (4.932 40 21.691 4,642 1.OOLI 16.959 121,6911 14.6421 1827 173 116.9591 3,976 9,735 43.112 48.088 _ 180 4,972 213 Total funds 4,364,404 988,268 1927.791 15,146 4,409,735 1 July Incoming R•sour¢e$ 2023 resour¢gs expended Transférs Gainsl Ilossès} 30 June 2024 Unrestrict•d funds General G&neral funds Propety fund Clinical Services 848,831 1.105.982 950,327 80,000 2,000,000 3,799,158 1.185,982 1842,0481 298,276 117,8441 1213,7001 149.608 1,560,649 798.783 2,000,000 149,608 4,359.432 1859,8921 84,576 Restricted funds Meckiff Education fund Sidford carpark and and grounds Sidford garden benches 14,890 (9.9181 4,972 77,760 12,000 {83,760} 816 1816 9.918 84,576 12.816 _ 86,650 4,972 Tolal fund$ 3,885,808 1.198.798 869,810 149.608 4,364,404 Page 25
Sidmouth Hospice al Home Notes to the Financial Statements for the Year Ended 30 June 2025 (continued) Thg BP8Gific purp0889 for which th8 fund9 Aro lo be Bpplied are 09 follow9.. The Propety fund represents the nel book value ol the land and building held by the Charity. The Clinical Services fund represents the equivalent of five years, sts for the provision of Clinical Services Ihrough our inlegraled Model of Care by the Charity. These funds have beerb deslgnaled as a commitment to 8nsure th8 Continuity of our critical Clinical Services through our Inlegraled Model of Care for a period of atloast five yoars. Purpose of restricted funds Th8 Mèckiff Education fund is available for nursing staff for advanced leathing and training. It is pr&sÈntgd by cash at bank. Th8 Health and Wellbeing Hub fund represents grants 8nd donations received towards the costs of running the Health and Wellbeing Hub. Clinical Nurse Specialist fund represents grants and donations received towards the promsion of a new Clinical Nurse Speualist. Sidford Carpark and Ground8 fund repies8nis grants and donations received towards the costs of improvements lo the carpark and grounds at Sidford. Sidford garden benches fund represents grants reiVed towards the cost of bènchès for Ihe gardens. Solar p8nds fund reprèsènts grants and donations received towards the cost fof the solar power system. Water tsnk fund represents a 50% grant towards the cost of the hot water system. Hospice UK fund represents a grant towards the costs of Chrislmas events. DHSC Capital funtj represents a grant towards capitsl expendllure. Sidmoulh Victoria Hospital fund represents a grant towards the costs of an omergency lifting chair. 21 Anolysls of not asséts botw••n funds Unrostrlcted funds Gen8ral Total fund$ 8t 30 June 2025 Restrlctod fund$ Tangible fixed assets Fixed asset investments Current assets Current liabilit$ 867,965 2,222,275 1,461.129 1147,6551 4,403,714 867.965 2,222,275 1,461,342 1147,655 4,403,927 213 Totsl n81 assets 213 Page 26
Sldmouth Hosplce at Home Notes to tho Financial Slatomonts for tho Yoar Endod 30 June 2025 (continued) Unrestrict•d fund$ General Totsl funds 8130 June 2024 Re8trlcted funds T8n9ible fixad assets Flxed asset Investments Current ass&ts Current liablltties 849.015 2,173.102 1.478.153 140.838 849,015 2,173,102 1,483,125 1140,838) 4,364.404 4,972 Total n9t assets 4.359.432 4.972 22 Related party Iransactio There were no related paty transact*Jns in the year (2024: none). Page 27
Sidmouth Hospice at Home Detailed Statement of Financial Activities for the Year Ended 30 June 2025 Total 2025 Total 2024 Income and Endowments from: Donatlons and legacies {analysed belowl Olh6r trading adivilies lanalysed bglowl Investment income lanalysed below) Other income lanaSysed below) 872.773 6.670 108,825 1.030,788 5,553 82,457 80,000 Total income 988,268 1,198,798 Expendsturo on: Raising funds lanalysed belowl Charitable activities lanalysed below) Other expenditure lanalysed below) 19,0141 1918,7771 116,366) {853,371 } 173 Total expenditure Gainslllossesl on inveslment assets Net income 1927,791} 15,146 1869,810) 149.608 45.331 478,596 Net movement In funds 45,331 478,596 R8eonclllatlon of funds Total funds brought lonard Total funds carried forward 4,364,404 3,885,808 4.409.735 4,364,404 This page does not fomi part of th8 Statutory financial stalem8nts. Page 28
Sidmouth Hospice at Home Detailed Statement of Financlal Actlvltles for the Year Ended 30 June 2025 (continued) Toial 2025 Total 2024 Donations and legacies Donations Legacies Gift aid income Grants. including capital grants 184,411 633,911 5,608 48,843 119.559 894,421 3,206 13.602 872,773 1,030.788 other tradlng activities Room rental 6,670 5.553 6,670 5,553 Investmen¢ income Bank interest receivable Income from listed investments 4,142 104,683 4,307 78,150 108,825 82.457 Other Income Profivllossl on sale of tangible fixed as$9ts held for charitls own use 80.000 80,000 Raising funds Investment management fees and charges 9,014) 16,366 16,366 Charitable actfvltlos Nurses salaries and expenses Depreciation of freehold propety Property costs Health and wellbeing ntre Sundry expenses Wages and salaries Social security costs Employer contributions lo pension plans Other employ88 benefits Medical equlpment, suppliès and treatment Sidtnouth hospice al home suptK)rt costs Profile raising 6v8nts Volunteer support SGheme Depreciation of other assets Insuran 1514,1131 {18,6371 {44,6291 {18,3051 114,528) 1184.857 110.681) 15.022) 1441.0381 (17,844) {45,992} {21,785} {22.9541 1161,3671 18.5171 14.5571 14,4301 12.3f191 14891 {19,009} 113,858} (10,496} {5,7121 15,564) 12,258 124,426} 110,805} 111,5321 {5,646} This page does not form part of the slalulory financial slalements. Page 29
Sidmouth Hospice at Home Detailed Statement of Financlal Activities for the Year Ended 30 June 2025 Icontinued) Totsl 2025 Total 2024 Office equipment Prinllng, poslage and statlon8ry Vat reclaim (16.4641 17.4651 17.471 1877,4611 {18,381) 118,124) 15,913 1800,949 Support costs Bank charges Wages and salaries Social security costs Employers contributions to pension plans Accountancy fees Audit fee Paymll fees Legal and prof¢ssional fees 11651 119.3791 {2,2091 {7381 {5.6821 (3,972} 12,0171 17,1541 141.316) {921 118.400) 11,9591 16881 14,7281 13,780} 11,675} {21,100) (52.4221 other expendllurn Lossllgainl on sal8 of tangible fix8d assèts hèld for chariW8 own use 173) 173 Galns/(losses) on Investment assets Gainslllossesl on investrngnl assets {15.1461 115.1461 149,608 149,608 This page does not form part of the statutory financial statements. Pago 30