-11- Birmingham -dll>- Hos ice The Hosplce Charity Partnershlp Tradlng As Birmlngham Hospice Report and Flnanclal Statements Year ended 31 March 2025 Charity numb•r: 1156964 Company number: 08991245 •AEGPJHC3• 0411212025 COMPANIES HOUSE #221 THE HOSPICE CHARITY PARTNERSHIP CONTENTS EXECUTIVE SUMMARY..... 08JECTIVESANDACTIVITIES........................................................................................................... ACHIEVEMENTS AND PERFORMANCE.............................................................................................. STRucniRE. GOVERNANCEAND MANAGEMENT................. . ......... FINANCIAL RWIEW......................................... .-.. .10 .15 REFERENCE AND ADMINISTRA TION DETAILS.................................................................................21 INDEPENDENT AUDITOR'S REPORT.............................. ..23 STA TEMENT OFFINANCIAL ACTIVITIES.......................-... .. .26 BAUINCESHEEr..... .27 srATEM£NTOFCASHFIOWS.........................................................................................................28 NOTES TO THE FINANCIAL STA TEMENTS ...................... THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 EXECUTIVE SUMMARY The Trustees are pleased lo present this report on behalf of Birmingham Hospice for the financial year ending 31 March 2025. Thls has been a year of both Profound challenge 8nd deeply inspirational. Like many hoSpi￿S across the UK, we have faced significanl financial pressures. Yet. throughout. our unwavering focus has remalned on provlding expert palllatlve and end of life care to some of Ihe most diverse and economicalty deprived communities in the country. The need for our services has never b'een greater and neither has our commitment to delivering them with compasslon, dignlty, and professionalism. At the beginnlng of th8 year. we set a planned deliclt budget of £2.4 million. In response, we launched an organisational redesign programme to safeguard our future and ensure we can continue provlding expert care to those who need us most. Whlle no servlces were wlthdrawn, we made the difflcull decision to reduce our Inpatlenl bed capaclty. This change means we are currently caring for fewer people across Our inpatient units. However, we remain focused on evolving our clinical rnod81 to better meet the changing needs of our population Including through service redesign. digital innovation. and more Ilexlble approaches to how and where we provlde care. To protect the quality and reach of our Services for the bng term, we ar6 launchlng a three-year Iransformalional plan. Rooted in our mission to care, this plan will enable us to extend our support to more people across Birmlngham and Sandwell, while building a mor8 financially and operationally Guslainable hospice. Even in the face of signlficant pressure, our teams continue to deliver the very highest slandards of care. We are proud of our staff and volunteers. and we are investing in their wellbeing and professional developrnent to ensure they feel supported, valued, and ablè lo be their very best. Diversity, incluslon. and belonging r8main central to our people strategy as they are lo the care we provid8. This year's report is accompanied by an Impact Report launching our strategic plan for 202￿2028. Thls sets out lour clear objectives that will guide Birrningham Hosplce in the y8ars ahead.. to grow our reach, Increase access to our care. Improve equity. and secure long-lerrn suslalnability. Together. these goals wlll help us support more people In more places always with the compassion that defines us. THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTIVITIES Buslness Prloritles The current strategy has been built on the following core principles: Build.. 8uilding the foundations of the organisation, ensuring our infrastructLKe, systems Integratlon and workfor￿ are stable. adaptable and fft for the future. Grow: Growln9 our collective understanding of the needs of 81mlngharn's dlverse communltles, Increase the number of hospice supporters and grow su51ainable voluntary income. Malntalnlng statuary Income: Significant focus has been given to working with thè Integrated Care Board on ensurlng the18v81 of fundlng is malntained supportlng our core servlces as a Hospice. the relationship is exploring new and Innovative ways of working that will see ow services support those greatest in need. Growing and mainlainlng voluntary Income: Voluntary Income is essentl81 to dellvery of hollstlc ser4lces that we provlde" thls Includes, bereavement support. Living Well Centre seNlces, family support. Our bulldlngs and envlronmenl could not be maintained without public 5UPPOrt and philanthropy. our communities during 2024125 conlinugd to support our Hosplce, wlth fundralslng, slgnificant increase in legacies and supportlng our retail outlets. We continue lo bring back popular evenis and creale new ones and through 2024. we have be8n preparing for our Bulls In the Clty fundraising event. which wlll launch In July and w8 are set to see our retail portfolio to grow to 27 shops durlng 2025 126. THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 202S Hospice lacllltles and environment Following a successlul fundraising campalgn during 202412025, and the receipt of Hospice UK funds, our Erdinglon site has transitioned lo single-occupancy rooms with ensuite facilities. These upgrades enhance dignity and prlvacy. whilst creating a more relaxing. personalised space for patients and their families. Bolh sites require significant refurbishment, and In the coming year. we plan to develop an estates strategy that not only supports a modem and rnmpassionate care environment but alsa priorilises environmental suslainabilily. Public beneflt As part of Ihe merger proc8SS, the T￿￿tea8 revlewed the oblecls of the charity and agreed revlsed objectives as set out In the Artldes of Assodation. The charity's objectives are specifically reslricted lo prornole the relief of illness or suffering by: 5.1 The expert care and support of people wilh palliatlve and end of Ilfe needs: 5.2 The provision of services to promole health and wellbeing for patients and carors,. 5.3 The care and support of lamily and frlends who have been bereaved; 5.4 The advancement of education and healthcare practice lo ralse awareness ol potentially life Ilmiting Illness; and 5.5 The advancement of hlgh-quality palliative and end of lile care through the community. Our servlces benefit a speofic section of the public (adults and their families and carers within 81rmingham and the surioundlng countles, aff8cled by progresslve Ille-limltlng Illness) but Ihere are no other restrictlons on acc8SS to its s8r4ices. We work with adulls across the spectrum of illness thal foreshortens life, and has a number of programmes to look at the prevention of illness itself. The trustees believe the charily provides a public benefit through the work of Blmlngham Hospice which offers palliative and end-of-life care to adull residents within its catchment area who are suffering from a lermlnal illness. All services provlded by us are free of charge to patients and their carers or families, funded both by the taxpayer and directly by the public. We deliver services on behalf of various NHS Clinlcal Commlssloning Groups {CCG3), and also works with other organi6ations, regulators, funders and community groups in Its capaclty as a charilable organisalion. The Trustees have referred lo the guidance contained in the Charity Commlssion's general guidance on public benefit when revlewing the charity's aims and objectives and In planning its future actlvities. In particular, Ihe Trustees consider how planned activities contrlbule to the aims and objectives that have been set. THE HOSPICE CHARITY PARTNERSHIP TRUSTEES. AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE This year. has remained difficult for us as an organisation wllh Ihe signlficant organisational redesign and the impact that this has had on our people W8 have conlinued to ensure that we provide high quality care and dellver on our objectives, despite Ihe financial challenges that we have encountered, these include Exceptlonal Car•. Natlonal Rocognltlon Our commltrnent to dinlcAI excellence remalns unwavering. Wrth 99% patlent and lamily satisfaction and safety metrics consistently in the lop quartile nationally, we are proud to deliver the hlghest 61andards of Gare. The dedlcatlon of our people has al80 been recognl8ed through prestlglous awards for our people.. Hlgh Sh•rlff• Award - Ed Blackwell Order of Mercy - Richard Green Blrmlngham Chamb•r of Commere• Award - Excellence In Inclusive People W8 contlnue to re¢8￿e acclalm from our Innovallve models of care. our pharmacy teams presenllng at the Palliative care congress on the impact of phamacology servlces In hospice care and our medical team presenting work at the Hosplce UK natlonal conference supponlng medlcal educallon and supporting Ioc81 unlverslttes across Birmingham. Leadors In Educatlon and Research As a teaching and research charity, we have str8nglhened our rol8 in shaping the future of palllatlve and end of life care. Our education team expanded their impact, delivering hands-on training to medical students and doctors in training, and extending end of lrfe care education across our NHS partnerships. We contlnue lo receive acclaim wlth our phamiacy teams pres8ntSng al the Palllative care congress on the Impact of pharmacology servlces In Hosplce care and our medlc81 team pre5enllng work al natlonal and Intematlonal conferences. Unprecedented.Communlty Support We are deeply grateful lo our incfedible communily. whose generosily contsnues to aslound us. In Q4 alone, an 88toundlng 34,738 bags of donation• were givén to our r8tall shops-SUPPOrtlng our r&tall growth and helplng us exceed our fundralslng targets. 2024125 Fundral$lng Hlghllghts: A record-breaking 800 participants look part In our Chocolate 1 Okm fun run 40 Bulls sponsor•d for our exciting 'Bulls in the Cityl. art trail. launchlng summer 2025 Our firsl-ever door404oor campaign bTought in a remarkable rise in donor numbers Flnallsts In the Mldlands Mark•tlng Awards for our impact al New Street Statlon Contlnued exparvJion of our retall presence with the opening of new hospice shops As we look ahead. we do so wlth prlde in what we've achieved and renewed energy to serve even mare people with compassion and excellence. THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 Volunteers Our volunteers continue to be an Integral part in delivering all aspects of our services, Including our Trustees who support the governance and leadership of our organisation. We could not deliver our work free of charge without the generous donation of time from around 660 people who deliv8r8d over 70,000 hours of support this year. People volunteer for many reasons and the benefits are wide-ranging.. from the feeling of making a difference to people with life-limiling illness, to joining a team and making new frlends. or learning new skills and galnln9 valuable career 8xperfence. We have four fundraising group$ Including the Kings Norton group, the Blrmingham Hosplce Choir. the Edgbaslon Ladies Commlttee and the Craft Fundraislng Group. In total over the last 12 months these volunteer groups raised a wonderful £20,868. Sadly. the Bimlngham Hospice Choir disbanded at the end of the financial year but we are now supported by the new Bimiingham Hospice Knitters group. This year we had the support ol six d8dl¢ated Collection Box Coordinators who, supported by a further ¥0 office volunte8rs, proc8ssed 255 collectlon tins, raising £23,540 in change from various locatlons across Birmingham and Sandwell. Our successful Blg Brurn Bucket C8mpalgn returned for July 2024 and raSsed £11.085.19. Tree-cyclSng rem8lns our18rgest community campaign. In January 2025 the campaign raised £139.930.99 with the support of over 200 volunteers. including 55 corporate volunteers. There were also six operational partners., Fitzgerald Conlractors Ltd, Acorn Environmental Management Group. Edgbaston Sladlum, PTV Group, Birmingham City Council, and Mercian Skip Hire The retall ¢)p8r81ion was SUPPOrt8d by 287 retail volunteeis. glvlng 57,976 hours lo the hospice. Our approach to fuDdral¥lng As a charity that relies on voluntary income, we lake an aciive and responsible approach to fundraising. A high-quallty supporter 8xp8ri8nc8 Is kèy and as a mèmber of the Fundraising Regulalor we are firmly committed to ensurlng we are compliant with their Code of Practice. We endeavour to operate in a transparent and open manner, as well as to PTOtect members of our ¢omfflunily and supporters who may be vulnerable. To support this, Ihe following fundraising policies are in place and regularly reviewed: Third Parti8s and Corporate Partnershlps Acceptance and Refusal of Donatlons Grants and Trusts Pollcy The Receipt and Safe Handling of Donations Protection of Vulnerable People Whilst Fundralsing Events Policy. Our fundraising activity is carefully planned and moriltored uslng set templates to ascertaln campalgn feaslblllty. plan Income and expendlture budgets, arrange logislics and ensure all health and safety requirements are met. AJI supporter data Is stored on Donorflex (our fundraising database) and ts govemed by strict consent, unsubscribe and complalnts processes in Ilne with UK GDPR legislalion. Oversight of these processes is carried out by an intemal group of staff (Infomiatlon Governance Steering Group), who ensure we THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 keep up to date with new legislation and act appropriately on supporter feedback. We have a dedicated Supporter Experience and Finance Processing Manager whose role. led by the Senior Fundraising and Supporter Exp8rience Manager, is to ensure that on a day-tQ•day basis we deliver a gold standard experience for all supporters and that any updates in UK GDPR or fundraising legislation is fed back to the team 8t monthty team meetlngs. All our events are fisk. assessed and covered by professional insurers who we work dosely with to ensure our supporters are properly protected when taklng part in our events and communlty activities. All necessary venue pe￿ni$s1on$, temporary event notices. collection and music licenses, supplier public indernnity In5ur8nce and hyglene certificates are secured lor every event hosted al extemal premlses and uslng thlrd paty suppliers. The past 12 months have been inrAedibly challenging finandally for 85nnlngham Hosplce. &8 well as for hospices across the UK. Rislng costs and th8 ongoing impact of the cost-ol-living crisis have significantly affected the number of people able to 5UPPOrt us. placlng increased pressure on our services and our ability to raise the Income we need. In response lo this, in May 2024. the Communlcatlons and Markellng Team, In collaboraiion with the. Fundralslng Team, launched 8 crf8i¥ fvndraising appeal in response to the urg8nt financlal challenges facing BSmlngham Hosplce and hospices nationwlde. The campalgn featured revised, impacfful messaglng deslgned to highlight the severity of the situation. Communicauons efforts included a mulli. Total funds as at 31 March 2025 stand at £13,163.88412022124 £12.838.697>, Restricted Funds as al 31 March 2025 £477,079 (2022124: £183,211) and Unrestricted Funds as at 31 March 2025 £12.686,807 (2022124: £12,655.486). Charltable actlvltles consl8tlng of Inpallent servlces, communlty palllatlv8 care, Llvlng Well Centres. Hosplcg at Home and educatton accounted for 79% (2022124: 840A) of expendlture for the year. Of loial income. 580A <2022124., 63°Al were generated directly by these charitable activities from the NHS, and therefore we continue lo rely on non-slatutory fundraislng. Prlnclpal Sources of fundlng - NOTE thls year was 12 monlhs ¢ompared to prlor perlod of 18 months Donatlons and gifts The Charity was pleased to receive donations and glfts of £1.060.063 (2022124: £960.9441, an Increase of £99,119 (100kn1. Le acie Income of £1,537,426 (2022124.. £1,397.306) was received Irorn gifts generously left by supporters In thelr wills. This was an increase of £140,120 {10°k) year-on-year and represents 8°A of the charity's total funding. Bequests remain vital to the hospice's continued financial viability. and sincere thanks are due to all those people who continue to remember the hospice in this way. Income from the NHS was at £11,166,317 (12 months) from £15.730.665 (18 months), thls Included lundlng for HOBSIPHB and an Inflatlonary Increase. This contracted income from Bimiingham and Solihull CCG and Sandwell accounts for 58% of the charlly's income. JJ THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 Trust and Grants The Trustees remaln very grateful for the extremely hlgh level of support recelved from a range of charitable trusts and foundations. In 2024125 this totalled £21S,974 {2024: £467,301). This was a decrease of £251,327 (bul Is for 12 months compared to 18 months prior period). ottertes The Charlty now owns a one-thlrd share of the equlty of TLC Lotterles Ltd (TLC). Thls company Is a Jolnt ventuTr between Blmilngham hosplce. Acorns Children's Hospi￿ and Focus Birmingham. TLC is managed by a Lottery Manager. The TLC Board of Directors comprises two representatives from each of the three charities. The ho$￿.¢8 representatiV8s are a Company Dlrector and the Director of Income Generation. TLC is a decision-making organisalion unless Twstee approval Is required from any of the owner charitles. During 2024125 £78.656 (22124: £168,302) was generated from lottery activlty. but again 12 months compared to 18 months. r8din activities We operated 24 charity shops across the city and surrounding area. Income from trading was £3.099,001 (2022124 £3.724,900>' which is 12 months compared to 113 months in the prevlous period. Tradlng costs were £2,483,235 (2022124: £3,286,973> Tradin9 income included £289.381 {2022124: £272,020) relating to donats'ons under Ihe retail Glft Aid scheme, which operate8 in all of our chaTIty shop). Investment In Investment income was £235,338 (2022124.. £344.938). Thls income was earned through the actlvlties of listed inv8slments of 63°h and interest earnt on short tenn cash deposlts on the money market of 37•A. Reserves Policy The reserves policy of the Hospice takes into account the nature ofthe income and expenditure streams and the need to provide agalnst Iha uncartainty of voluntary incom8, 8spe¢lally tho 8lgnifKant variabllliy of legacy inC￿ne. The Trustees have revlewed the risks assodated wlth each major Income and expenditure stream and quantified potentlal variabillty to determino the value of reseNes required. The trustegs agree to maintain 6 to 9 months of operational cover in the form of uniestricted cash, the investment portfolio and assets that could be IK4uldaled if necessary. The Executive Team works closely I￿¢h eommlssioners regarding future seDAces and sustainablllty. The Flnance and Perfomance Commlttee. a sub4ommlttee of the Board, meets four times per year and closely monitors resulls and future forecasts. io THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 Restricted funds are monles given to th6 hospice for specltlc capital and pro}ecl work within the overall aim5 of the organisation. The funds represent both capital and revenue funds and are detailed in note 16 lo the accounts. Grants and donalions received for ¢apital purposes are accounted for as a restricted funds and the depreciation of Ihe underlylng fixed asset is charged lo these funds over their lifetime. Revenue funds are received and will be expensed over the lifelime of the project, Total reserves atlhe year-end stood at £13.168.983 (2022124: £12,838,696). At th8 y8ar-end the charty held unreslricled ros8P18s 01 £12.691.905, that included free resenies (total reserves exdudirvJ Itxed assets and funds held on investment) of £3,183.753 (2022124: £3,155.287I. The current free weserves of £12.7 million which is above the minimum requlrement of £9.9 million. This includes £4.1 m in cash, designated reseNes of £2S1 k held for capital asset purchases and £4.7million In the Investment portfollo. Prlnclpal rlsks and uncortalntlo8 Organisalional risks are under constant revlew at Ihe hosplce. The Executive and Business Development Team maintain a 'live' risk register that assesses governance. operational actlvities and strategic risk. On a quarterly basis the Governance Committees (as detailed on page 11) review and challenge the risks relevant to their committee lo ensure the level of risk remains appropriate and that mitigating actions ar8 in place to effectively rnanage the rlsk. The risk register includes a Gross. Net and Residual Risk score, enabllng Trustees and Ex8CUtNes to focus their attention accordingly. The enllre rlsk reglsler Is presented to the Board of Trustees on an annual basls, Identlfylng the procedures and systems In place to manage those risks with high rlsk ratings. A wide range of policies and procedures are in placa to minimise and manage risk as well as ensure ¢ompllance with legislation and CQC standards. The accounting records are maintained by the hospice and the system of Inlernal control pertaining to the charity Is in place. These are designed to provide reasonable assurance against material mlsstatement or Ios8. They Include.. an annual budgel approved by the Board a clear Income strategy for the charity progress against the charity budget Is reported quarterly at Board meetings and by correspondence In the intervening months: delegation of authority and segregation of duties. xtemal environment The economlc cllmate has become more challenglng. leadlng to the Charity funding 8 2.5% pay rfse for all staff. ManagSng staffing durlng and post pandemlc Is extremely challenging and we have managed to maintain services throughout. Staff are exhausted but we continualEy look at new ways to support them through these difficult times. We have provid8d psychological support. coun5911ing and supervision for staff. 17 THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 Merging during a pandemi¢ has brought ￿1que Challenges that has b88n challenging for the workforce. The pandemic str8ngthen8d the case for change and in many ways has expediled new ways ofworking. Recwlting clinical slaff remalns challenging; there is a lack of nurses and doctors and this is a national crlsis that will go on for some time. We have had some wins In recruitlng new staff but this often affects other services across Ihe system. We are all recruiting from the same pool of people and the pool continues lo shrfnk. W8 hava begun to look at recruiting different types of alll8d health prof8881onals with skills that are transferable to a hosp1￿ service. However. we will always be majorly relianl on a nufslng and medScal worldor¢e which is curr8nUy depl8t8d n8tlon8lly. We hope that launching the new strategy and a malor Gapital appeal will increase staff retention and recrultment. Financial sustainabll. The organisatlon receives 580A of its income from the NHS. This reflects the hlgh level of NHS funding from the historic John Taylor sile and Ihe local challenges for fundraising In a very young. diverse City with signif￿an1 heallh and economic inequalities. The release of NHS England guidance in July 2022 8UPPOrt6 the long-tem) future suslalnablllty of the charlty as this states that the NHS and Local Authority must ensure ongolng sustainable fundlng sources for our actlvtty by 2025126. We conllnue to be reliant on charitablè giving 8nd the unpredlclablllty of kgacy Income remalns; we do budget conservatively for this to mitigato tho associated risks. Taxatlon Status HMRC has recognised Bimlngham Hosplce as a charlty for tax purposes and as a charltabl8 company. This means the charity can clalm back basic rate Income Tax on certaln donations rec8fved from Individuals through the Gift Aid scheme. At present there Is no taxable (non-exempt) income or galn8 in the eharity and therefore no lax to pay, Investment policy and perforfflanc• The Investment pollcy, wNch was set In conjuncilon wlth the Investrnent rnanagers Quilter Chevlot remains unchanged. The objectives of that pomcy 8T8 as follows.. To provide capital growth over the longer term and the p￿0110 will supplement the primary source of income for essential charitable expendlture. Although generally. the 5nterests of a charity's beneft¢i8ri8$ are best served by s8oklng to obt8ln a ffin8n(a81 return from a suilably diverse portfolio of Inveslments. the investment manager does have due regard to thos8 assots whlth could be delrlmental to the aims and objectives of Bimingham Hospice. Trustees aim to avoid directly investing In Companles vthose maln buslness Is In tobacco, alcohol and phamaceutical companies that don't adhere to the ABPI code of conduct. Perfonnance targ8ts hava been set for the Investment Manager to achieve a retum consSstent with the objective set OLrt above whlle malnlalning an a￿eptabl• level of risk. Perfomanco of the portlollo 18 revlewed quarterly with the Investment Manager. 18 THE HOSPICE CHARITY PARTNERSHIP TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 Remuneralion pollcy We have published pay scales, which are r8vlewed annually by the Board of Trustees. All new employee job descriptions. and substantive changes. are subject to evaluation by an external HR specialisl to detemlne pay level. All rol8s are reviewed annually as part of the standardis8d hospice- wide appraisal process. and re-evaluated if job descriptions have changed materially. The Remuneration Committee oversées the remuneratlon proce8$ for th8 Chief Executive and Execulive DlreGtors. Trustees do not receive any form of remuneration for their roles. 19 THE HOSPICE CHARITY PARTNERSHIP TRUSTEES. AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2025 Statement of Responsibilities of the Board of Trustees The Trustees (who are also Dlrectors of Bimingham Hosplce for the purposes of company law) are responsible for preparing the Trustees, annual report, including the strategic report and the financial stalements in accordanca with applicable law and United Kingdom Accountlng Standards (Untted Kingdom Generally Accepted Accounting Practice). Company law requlres the trustees to prepare financial statements for each financial year whlch give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the Income and expendlturo. of the chanty for that period. In preparing these financial statements. the trustees are requlred to.. select suitable aCC￿nting policies and thèn apply them consistently obsenie the methods and prlnclples In the chafltles Statement of Recommended Practice {SORP) make judgements and estlmat8$ that are reasonable and prudent stale whether applicable UK accounting standards and slatements of recommended practic8 have been followed, subj￿1 to any materlal departures dlsclosed and èxplained In the financial statements prepare the f￿ancIal statements on the golng concem basls unless 5t 1$ Inapproprlate to presume that the charity wlll contlnu8 Sn operation. The Trnstees are responsible for ensuring adequate accounting records are maintained that dlsclose, with reasonable accuracy at any tlm8. the financial posltlon of the charitable company and enable assurance that the financlal statements comply wlth Ihe Companies Act 21x18. They are also responslble for safeguardino the assets of the charltable company and hence fof laklng reasonable steps for the preventlon and detection ol fraud and other Irregularities. In so lar as the Trustees are aware.. There is no relevant audll Infomiatlon of whlch the charttable companls audltor Is unaware. The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and lo e$lablish thal tha auditor is aware of that information. The Trustees are responslble for thé malnten8nce and intagrlty of the corporate and llnancial Information included on the charilable companys w8b5ile. Legislation in the Untted Kingdom governing the preparation and dissemination of financial ststements may differ from legislation in olher jurisdlcllons, The Trustees, annual ￿port which indud8S the strateglc report will be recommended by the audlt and assurance commltt8e on 11 August 2025 and approved by the Trustoes at 8 full board meetlng on 18 September 2025 and signed on their behalf by DAWN WARD Chair 20 THE HOSPICE CHARITY PARTNERSHIP REFERENCE AND ADMINISTRATION DETAILS PATRONS Mrs Judy Dyke LLB, TEP Mrs Llewela Bailey BOARD OF TRUSTEES Mr P Wainwright Mr R Pickup Mr M Goodwin Mrs J Ward Mrs H Breukelaar Mrs Dawn Ward CBE DL (Chair) Mr S Farmery-vigus MsSGOwen Mr JL F R Oliveira-Priez Mr O J Nevel Mr E Laird Mr P Shanahan Ms L Clarke Mrs Susan Nicholls appointed April 2019 appointed July 2019 appointed April 2020 appointed July 2021 appointed July 2022 appointed November 2022 appointed June 2023 appointed February 2024 appointed February 2024 appointed February 2024 appointed February 2024 Re-appointed July 2024 appointed November 2024 appointed February 2025 Mr P Bytheway Mrs K Sharpe Mr S N Suleman resigned July 2024 resigned August 2024 resigned May 2025 EXECUTIVE OFFICERS Chief Executive Director of Clinical Services Director of Finance Director of Income Generation Director of People & Culture Mr P Bytheway (appointed November 2024) Miss S Mimmack Mrs J Armstrong Miss L Watkins Mrs M Stuteley Chief Executive Mr S Fuller (resigned December 2024) 21 THE HOSPICE CHARITY PARTNERSHIP REFERENCE AND ADMINISTRATION DETAILS REGISTERED OFFICE 76 Grange Road Erdington Birmingham B24 ODF AUDITOR Haysmac LLP 10 Queen Street Place London EC4R 1AG BANKERS HSBC Bank 6th Floor 120 Edmund Street Birmingham 83 2QZ INVESTMENT MANAGERS Quilter Cheviot 8th Floor Two Snowhill Birmingham 84 6GA REGISTERED CHARITY NUMBER 1156964 COUNTRY OF REGISTRATION England and Wales REGISTERED COMPANY NUMBER 08991245 COUNTRY OF INCORPORATION United Kingdom 22 THE HOSPICE CHARITY PARTNERSHIP INDEPENDENT AUDITOR'S REPORT Independent auditor's report to the members of The Hospice Charity Partnership Oplnlon We have audited the financial statements of Birmingham Hospice for the year ended 31 March 2025 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standany applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of the charitable company's net movement in funds. including the income and expenditure, for the period then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law, Our responsibilities under those standards are further described in the Audrtor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charilable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going COn￿rn are described in the relevant sections of this report. Other infomiation The trustees are responsible for the other information. The other information comprises the information included in the Trustees, Annual Report. Our opinion on the financial statements does not Gover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 23 THE HOSPICE CHARITY PARTNERSHIP In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheDNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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: the information given in the Trustees, Annual Report (which includes the strategic report and the directors, report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements., and the strategic report and the directors, report included within the Trustees, Annual Report have been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report (which incorporates the strategic report and the directors, report). We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you ff. in our opinion.. adequate accounting records have not been kept by the charitable company., or the charitable company financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneralion specified by law are nol made., or we have not received all the information and explanations we require for our audit. Responsibllities of trustees for the financial statements As explained more fully in the trustees, responsibilities statement set out on page 19 the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial slatemenls Ihal are free from material misslalemenl, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. 24 THE HOSPICE CHARITY PARTNERSHIP Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue 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 delect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to regulatory requirements of the Care Quality Commission, Charity Commission, Fundraising regulations, employment law, and GDPR and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011, payroll tax and VAT. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journals to revenue, management bias in accounting estimates and application of controls around authorisalion of expenditure. Audii procedures performed by the engagement team included: Inspecting trustees. meeting minutes., Inspecting correspondence with regulators and tax authorities: Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud., Evaluating management's controls designed to preveni and detect irregularities., Identifying and testing journals, and Challenging assumptions and judgements made by management in their critical accounting estimates A further description of our responsibilities for the audit of the financial stalements is located on the Financial Reporting Council's website at.. v4ww.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Because of the inherent limitations of an audrt, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-cornpliance 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. 25 THE HOSPICE CHARITY PARTNERSHIP Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an 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. Lee Stokes {Senlor Statutory Audltor) For and on behalf of Haysmac LLP, Statutory Auditor 10 Queen Street Place London EC4R 1AG Date: 10 November 2025 20 THE HOSPICE CHARITY PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT Total Total tunds lund8 fvr Ihe 18 for lh• ye•r monlh p•nod 8nd•d 31 •nded 31 Vorth 2025 I￿reh 2024 Unre5tiKled Restr￿Led lunds lor ywffjr lor thg y•or 8nded 31 oThl•d 31 Areh 2025 Wch 2 Not￿ E INCOME FROM., Donatk)r￿ bnd Wclej Charil8bJo activ￿25 2.81T.039 2 10.954.960 4.719.367 235,338 191,751 211.357 3.QJ8.790 11.166,317 4.719.367 rJs,338 2.￿.553 15,730,665 3.954.523 IrwMlm¢nt$ rotsi 18,726.704 403.1Q8 19 129.812 24,999.679 EXPENOITURE ON: RaL8lng fvnds Charftatlg act￿41&•• Oihr Tr•dlrg ￿￿¥1100¥ Tot•1 1.361.$41 S 14.835,346 2,488,335 18.685.222 109240 1.470.781 14,835,348 2.488,335 18,794,463 1,S22.928 22,549. 2,854.105 26,928.731 109,240 IrKorne bth go￿11101$￿1 an Inv••thi•nl8 Nat 8aln81110s8esl C￿ In￿lMen19 Tra￿18￿ beNv8en hjr N•lMovem•htlnlvn 41,482 110,1641 293.868 33S.349 110,1e41 11.927,¢WI 13 16 325 185 R￿one￿IlalIon of lundi.. Total funds trwght lon¥a Wrfio oflol &uts8ldLyry 6hBV•$ Ilntsn9ltl•l Tot•lfvnd• urfl•dlonv•rd 16 12.6S5.488 183,211 12,838,697 14.332.e83 18 12.686,805 4TT.079 13 163.883 12,638,￿7 The notes on pages 35 to 48 form part of these financial statements. 27 THE HOSPICE CHARITY PARTNERSHIP BALANCE SHEET AS AT 31 MARCH 2025 31 M￿h 2(f25 31 Morch 2024 FIXED ASSETS TangIb￿ assets Invastrn onls Investrnant lft Jolnt V¢ntur• 12 4,833,113 13 4.669,939 4,820.098 4.680,103 5.100 9.503.052 9,505.299 CURRENT ASSETS stock D•btorn Cash at barf( and kn hand 1.178 908,513 4,082.026 4,991,717 5.836 8IJo,027 3.963,857 4,769,720 14 CURRENT LIAIILITIES cred1￿4 amounts du8 wlthln *MO ￿ar 15 1,330.886) 1,436,322 NIT CURVillNT ASSETS 3,660,831 3,333.398 To7￿ ASSSTS LESS CURRINT LIA8IUTIRS 13,163,883 12,838.697 NIIT ASSETS REPRESENTGD OY Rastrlctéd •Jndg Unrestrkled lunds 16 477.079 183,211 16 12,686,805 12.655,486 13,163.883 .12.838.697 The notes on page5 35 to 48 form part of these financial ststernents. The financial statements were approved on behalf of the Trustees and authorised for Issue on 18.Septémber 2025 and signed on their behalf by: Dawn Ward Chair Reglstered C CASH FLOWS FROM INVESTING ACTIVITIES Dividends and interest from investments Proceeds from the sale of property, plant and equipment Purchase of property and equipment Dvements in investments 235,338 344,938 4,983 (542,7461 (793,2781 (157,790) 1,513,538 Net cash used in investing acts'vities 465,198 1,070,183 CHANGE IN CK8H AND CKSH EQUIVALENTS IN THE REPORTING PERIOD 118,169 <1,310,868) CISH AND CASH EQUIVALENTS AT THE BEGINNING OF THE REPORTING PERIOD 3,963,857 5,274,725 CASH AND CASH EQUIVALENTS AT THE END OF THE REPORTING PERIOD 4.082,028 3 963,857 29 THE HOSPICE CHARITY PARTNERSHIP ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION Birmingham Hospice ("the charity.) is a charitable company limited by guarantee and is incorporated in England, UK (Company registration number 08991245 and charity number 1156964). The address of the charity's registered office and principal place of business is 76 Grange Road, Erdington, Birmingham B24 ODF. The principal accounting policieg adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: BASIS OF ACCOUNTING The financial statements have been prepared In accordance with Accounting and Reporting by Charitle8'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - the Statement of Recommended Practice for Charities (SORP 2015) (Second Edltion, effective 1 January 2019, FRS 102), tha Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities Act 2011 and the Companies Act 2006. 8irmingham Hospice meet8 the definltion of a public benefit entity under the Charities Act. Assets and liabilities are initially recognised at historical cost or transaction value unless olhenNise stated in the relevant accounting policy notes. The financial stateme.nts are presented in sterling which is also the functional currency of the charity. GOING CONCERN Birmingham Hospice Director&rrwstees have prepared the charity accounts on a going oncem basis because assurance has been gained from the main NHS funder that their contract to procure services from the hospice will run until 31 March 2026 at the earliest. There is no fundamental uncertainty about the charity's ability to pay debts as they fall due for at least a year after the financial statements have been signed. INCOME All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified wilh reasonable accuracy and will probably be re￿ived. The following specific policies are applied to particular categories of income: Donations re￿1vable for the general purposes of the charity are c￿dited to unrestricted funds. Donations subject to specific wishes of the donors are carried to relevant reslricted funds. For legacies, entrtlement is taken at the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notlfication has been made by the executor{s) to the Trust that a distribution will be made, or when distribution is received from the estate. Re￿Ipt 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 distributlon. 30 THE HOSPICE CHARrrY PARTNERSHIP ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2025 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 rnet, then the legacy Is treated as a contingent asset and disclosed if material. Investment income is recognised on an accruals basis. Grants receivable are recognised in the sialement of financial activities when the conditions for receipt have been complied with. Other income is account8d for in the year in which the service is provided. Th8 value of voluntary work is not included in th8 financial statements. Clothing and other rtems donated for resale through the chaiity shops are Included as Income when they are sold. They are not Included al valuallon prlor to belng sold as it has beén deemed impractical to measure the fair value of the goods and the cost of valuatior) would outweigh the benefit to the users of the account. EXPENDITURE Liabllities are recognlsed as expenditure or deferred on tho balance sheet as soon as thero is legal or construclive obligallon committing the charity to the expenditure. The followSng specific pollcies are applied to partlcular calegorles of expenditure: Expenditure on raising funds are those cosls incurred In attracting voluntary income and those incurred in trading a¢tivitt83 that raise lunds. Charilable activltles comprise expenditure Including both dlrecl costs and support costs relating to the activity together with governance costs. Governance costs comprise the costs of running the charity, including strategic planning for Its future development. extern81 audit, 8ny legal advlce for the trustees, professional indemnity insurance for trustees and officers. and all the costs ol complying with conslilutional and slatulory requirements, such as the costs of Board and CommSttee meetings and of preparlng statutory accounts and satisfying publlc accountability. Support costs include ￿ntral functlons and have been allocated to aclivily cost categories on a basis consistent with the use of resources, e.g. staff costs by Ihe time spent and other costs by their usage. FUND ACCOUNTING General unrestrScted funds comprlse the accumulated surpluses and defsclts on general funds. They are available for use at the dlscretlon of the trustees In furtherance of the general charitable objectives. Restricted funds are created when grants and donations are rerAived either for a particular area or purpose. Ihe use of which is resirlcted to that area or purpose. Expenditure is charged to the statemenl of financial activities when incwred. FINANCIAL INSTRUMENTS The charlty has elected to apply the provisions of Sectlon 11 'Basic Financlal Instruments, and Section 12 '0ther Financlal Instrurnents 18sues' of FRS 102, in full, to all of Its financial instruments. 31 THE HOSPICE CHARITY PARTNERSHIP ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2025 Financial assets and financial liabililies are re¢ognlsed when the charity becomes a party to Ihe contractual provisions of the instrument and are offset only when the Charty currently has a legally enforceable right to set off the recognised amounts and intends elther to settle on a net basis, or to realise the asset and settle the liability simulianeously. FINANCIAL ASSETS Tr8d8 deblors Trade debtors which are recelvable wJthin one year and which do nol constitute a fin￿¢1n9 transadlon are Inltlally m8asured at the transaction pric8. Trad8 debtors are sub8equ8ntty measured at amortised cost, being the transaction price less any amounts settled and any Impairmènl10sses. A provision for impairnienl of trade debtors is established when there is objectlv8 evldence thal the amounts due wlll nol be Collecled accordlng to the origlnal terms of the contract. Impairrnent losses are recognised in Statement of Financial Activities for the excess of th8 carrying value of the trade debtor over the present value of the future cash flows discounted using the ortglnal effective interest rat8. Subsequent reversa15 of an Impalrment loss that objectively relate to an event occurring after the Impaimient loss was recognlsed, are recognised immediately In Statement of Financial Activlfr'es. Fin8ncial Liabilities Financlal instrurnents are dasslfied as Ilabilltles accordlng to the substsnce of the contractual arrangements 8nl8rod Into. Trade creditors Trada credltors payable wrthln one year that do not constltute a financlng transactlon are initially measured at the transaction price and subsequenty measured at amortised cost, being the transaction price less any amounts settled. OPERATING LEASES Operating leases are charged to the Statement of Financial Actlvltles equally over the perlod to which they relate. PENSION COST Past and present eligible employees are covered by the provlslon of the NHS Penslon Scheme. Details of the benefits payable under the provislons can be found on the NHS Penslons webslte at thThww.nhsbsa.nhs.uklpenslons. The scheme Is an unfunded, deflned benefit scheme that covers Ihese employers, GP Praclices and other bodles 811owed under the direction of the Secretsry of State in England and Wales. The scheme is not designed to be run In a way that would enable those bodles to identify thelr share of the underlying sch8me ssets and liabllities. Therefore, the scheme is accounted for as rf it were a defined contribution schem8: the cost to the company of participating in the scheme is tsken as 8qu81 to the contributions payable to Ihe scheme for the a¢¢ountlng p8riod. For Don￿lIgIble grnployees, those who join the company and have not been previously part of thg NHS Pension Scheme, the company offers a personal penslon plan admlnistered by Royal London (previously known as Scottlsh Life). This scheme is also acwunled for as a defined contribution scheme with costs to the company of participating in the scheme taken as equal tothe contributions payable to Ihe scheme lor the accounting perfod. 32 THE HOSPICE CHARITY PARTNERSHIP ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Tangible assèts are slated at cost18ss depreciation. t)epreci8tion is provided on a straight line basis to write off fixed assels over their estimated useful Ilves as follows.. Freehold Buildings Leasehold improvements Computer Equipment Fixtures, fittlngs, vehlcles Clinical over 50 years over 50 years OV8r 3 years over 2 to 6 years over 2-5 years Retail fixtures and fittlngs over 3-10 years Freehold land and assets in the course of construction are not depreclated. Assets costlng less than £1.000 are written off in Ihe year of acquisition unless they forrn part of a group ol assets. All other assets are capllallsed. Leasehold Improvements to the hospice are vffitten down in line wllh the building policy over 50 years, as il is the opinion of the directors that Ihe lease of the hospice Is Interlinked wlth the fr88hold buildings, and they should have the same perlod of depreclatlon. Im almi nt of Flxed Assets An a550ssmenl is made at each reporting dat8 of whether there are indications that a fixed asset may be Impalred or that an Impalrment loss previously recognlsed has fully or partlally reversed. If such indications exist, the company estimates the recoverable amount of the asset. Shortfalls betWOon the carrying value of fbxed assets and th8 recoverable amount, being the hlgher of falr value less costs to sell and value-ln-use, are recognised as ImpaSrmenl losses In the Slatement of Financial Activities. INVESTMENTS Investments are staled at Ihelr market value al year end. All movements in value are Shown In the Statement of Financial Activities. TAXATION The company has been granted exempllon by HMRC from any corporation tsx Ilabllity on its charitable activities. JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Preparation of the financial statements may require management to make significant judgements and estimates. 33 THE HOSPICE CHARITY PARTNERSHIP ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2025 ements Donated goods for resale are not included at valualion prior to being 501d as it has been deerned impractical to measure the falr value of the goods and the cost of valuation would ouiweigh the benefit to the users of the accounts. ni nt estimate In applying the financial reporting framework, the Trustees have made a number ol subJ"ectlve Judgements. for exam￿8 In respect of $ignlfi¢8nl accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors. including expectation of future events that are believed to be reasonable under the circumstsnces. The nature of the 8stimation means the actual outcom8s could differ from those estlmates. There are no Slgnfflcant estlmates having a rnaterlal effect on the financlal statements. 34 THE HOSPICE CHARITY PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 INCOME FROM DONATIONS AND LEGACIES Unrestricled Funds for the yoar ended 31 March 2025 Restiicted Funds for th8 year ended 31 March 2025 Total forthe 18 month period erKled 31 March 2024 Total for the year 8fKled 31 March 2025 Donations Glft Aid on donations Legacles Grants Total 2025 868,312 195.327 1.537.426 215.974 2,817,040 191.751 1.060,063 195,327 1,537,426 215,974 3.008,791 960.9M 144.002 1.397.306 467,301 2,969.553 191751 Tolal 2024 2,677.428 292,125 2,969,553 2 INCOME FROM CHARITABLE ACTIVITIES Unrestrictad Funds for th8 year ended 31 March 2025 Restricted Funds for year er¥Jed 31 March 2025 Total forif* 18 month perlod ended 31 March 2024 Totsl for the year ended 31 March 2025 NHS grants ar ¢onlraGts for patient care 10,954.960 211.357 11.166,317 15.730,665 Tolal 2025 10,954.960 211,357 11,166,317 15,730,665 Total 2024 15,730 665 15.730.665 3 OTHER TRADING ACTIVITIES Unrestrlcted Funds far year ended 31 March 2025 Restrtcted Funds for the year ended 31 March 2025 Total forth8 18 rnonth pertod eThded 31 March 2024 Total for th8 y8ar ended 31 March 2025 OtI￿r IwAJffle Fundraising Income Lottery I￿orne Retail irKome Tolal 2025 338,031 1,203,679 78,656 3,099,001 4.719.367 338,031 1,203.679 78.656 3,099,001 4.719.367 2.061,321 168.302 3,724,900 5.954.523 Total 2024 5 954 523 4 INVESTMENT INCOME Unrestrtcted Fur￿$ for ltr* year erxled 31 March 2025 Roslrfct•d FwKI$ for th8 yéar fr￿￿ed 31 March 2025 Total fortr£ 18 month period ended 31 March 2024 Total for the year erKled 31 March 2025 8ank lrterest Dlvldends from Investm8rls Total 2025 149.088 86.250 149,088 86,250 203,713 141,225 Total 2024 36 5 ANALYSIS OF ExpeNDrruRE fot•l for I 18 mon Stolf Cos forlh? year •r*•d 31 arch 2025 Dewecith'on C•$ls for year fof Iha ye&r endod 31 ¥rch 2025 Toial for year tnded 31 Mar¢h 2025 31 M8fch2025 31 Mar¢h 2024 lal Cos1¥ tslmtsrylundx E￿O￿lI1u￿On rd151ThJ ¥C*k￿tsry Irmmg 73&431 731350 1,470,761 1,522,929 Ibl Ch8rffabl• •¢Llvttlo& E¥er•Sil￿D￿ali￿ ty d*lv¢ry ol NHS c4fttrncls lor Pailfrnl ￿re 12,050,302 510,98J 2,275.225 14,845,510 22.116.832 (el frnthngAthlle8 E¥e￿Il￿•￿ATrndlrq Aclivltlg• 1,471.542 1,018.793 2.488,JJS 3,286,973 Tots12(125 14 257 276 4.027,3e8 26.928,734 T•t•l 2024 6 EXPENDITURE ON RAISING VOLUNTARY AND TRADING INCOME Unrestricted Restricted Funds Funds Total for the year for the year for the year ended 31 ended 31 ended 31 Vorch 2025 March 2025 Varch 2025 Total for the 18. month p8rlod ended 31 rch 2024 Fundraising costs Staff costs Depreclation Other costs 2,206.973 2,206,973 2,806,134 1,642,903 109,240 1,752,143 2,003,768 Total 2025 3,849.876 109.240 3.959,116 4,809,902 Total 2024 4.700,987 108,915 4,809,902 37 7 ANALYSIS OF EXPENDITURE BY ACTNITIES Activitles undertaken directly for thè year ended 31 Marth 2025 Support cost5 forts ye8f erKled 31 March 2025 Totsl fort1* 18 month perfod erKled 31 March 2024 Total for ttr￿ y•ar ended 31 March 2025 NHS grants aTrJ contracts for patlent care Total 2024 11,838,790 12 723.867 6,960,737 13770001 18,799,527 26,493,868 28.493.868 8 DIRECT COSTS Total fortrts 18 month period e￿Ied 31 MaTch 2024 Total for the year 8Th￿ed 31 March 2025 D￿8 Medlcinel supplies Covid S(pplies Cleanln9 arKI laurKIry CateTrrvJ Small equlpment TralnlThJ Deprecialion Cons￿ants & Ager Wages and salaries Natlornl Irtslrance P8nslon cost 140,504 151,061 152,267 194,062 117,570 130,737 52,788 71.380 242.174 590.254 8,692,331 801.706 848,285 11.838,79Q 183,916 246,628 79,730 103.152 201,339 717,002 9,W,299 886,432 895.040 12,723,867 38 9 SUPPORT COSTS Total forthe 18 month period ended 31 March 2024 Total far the year ended 31 March 2025 Piemises costs Travelllng and subslstence Offlce costs Repairs a￿1 rer*wals Legal and professional Merger Cost$ Other wsts Depreciation Consultants l Agency Wages and salaTles National insurance Penslon Cost 1,462.096 59.433 512.275 134.758 63.881 1.999.148 91,235 266.703 184.678 243,047 (25,878) 1.252,494 477,546 248,342 7.827,802 679,227 S25,656 13.770.000 1,125,786 277.810 36,775 2.859,206 256,036 172,682 6.960,737 10 NET INCOME Total for the 18 month period erxled 31 March 2024 Total for the year ended 31 March 2025 Thls Is stated after charglrg: Depreciation of taThJible fixed assets OperatiThJ lease rentals A￿dItOrS remuneration- audit Audltors remuneration- mn 8udlt 519.983 221,149 25,500 678,885 467,689 36,401 9,950 39 11 STAFF COSTS Total forlhe 18 month period eThJed 31 March 2024 Total for th8 year er¥Jed 31 March 2025 Staff Costs were as loltows: Wages and salaries Social Sec￿lty costs OttrEr pension costs 11.551.537 1.057,742 1.020.967 13,630,246 16,892,112 1.565,659 1,420,696 19,878.467 Agency arvj contracted staff 627,030 14,257,276 965.333 20,843.800 average Thjmber of persons empk)yed by the company d￿n9 th& year was as folbths: Total 2025 No Total 2024 No osplce Managernent arKI admlnlstratlon 267 96 363 335 75 410 The number of higher pald empk)yees was: Total 2025 Total 2024 No In the bard £60.001- £70.000 In the band £70,001- £80.000 In th6 bard £80.000- £90.000 In bard £90,000 4100,0(M) 10 10 Durlng the 12 month perfod to 31 March 2025. no Trustees recelved any remuneratlon {18 months ended 2024- £NIL). During the 12 month period to 31 March 2025. no Trustees recelved any benefits In klnd (18 months ended 2024 - £NIL). During the 12 month period to 31 March 2025, no Trustee received reimbursement of expenses for travel and subsistence lor £0 (18 months ended 2024- £0). Included wSthln the wage$ and salaries are staff termlnatlon costs of £582,040 (12 months ended 2024- £153.774) Durfng the Ilnancial year volunteers made regular Commitm￿lts to support Birmingham Hospice. 40 Thes8 roles include Livlng Well Centre hosts. drivers. pholography. fundraising, gardening and finance. In addition volunteer6 gave corporate social responsibility time In projects includlng painting and gardening. No Trustee received any emolument or payment for professior￿1 or other services. K•y manag•ment rernuneration The key management personnel of the charity comprise the executive staff Ilsted on page 21. The total employee benefits of the key management personnel of the Charity for the 12 month period were £564,267 (18 months ended 2024.. £836.852). 12 TANGIBLE FIXED ASSETS L•ré & Bitildlr@$ equlpmgnl IT Flltlry¥ Motof V•Nc*fy TolAI Co81'. 0110412024 AddlilDni 5,680,831 400,650 808.647 34.533 1.725 841.455 1,383 64,733 220.013 80,024 42,830 7.130,878 542.746 3110312025 fj.048,460 621,483 20Z.297 102,8S4 7,814,548 O•pre¢*lloi 0110412024 Ch&rwd pertod ElImIna￿d on d1$￿saI 311031202S 1,637,048 289.678 24,696 1.782,030 334,302 76.468 1.599 409,171 292,880 140,674 4,813 428.721 104.842 22,978 41.930 10,188 706 2.310.782 519.983 49,330 2 T81435 110102 N•1 BookV•l 0110412024 a11031￿25 4 143 783 274.34S 268.703 192 762 115171 4.820 096 4B33173 13 INVESTMENTS 31 Vor¢h 2025 31 VArch 2024 Valuation: 01-Aw-24 4.680,103 4.247.237 3010912022 632.580 1.708.368 (474,790) (1.758,129) Additlons Disposa18 Unrealised gainlloss (167.954) 31-Var-25 4,669,939 482.627 4,680.103 3110312024 The Historical cost of investment is £4,124.150 (2024: £4,124.150). 41 14 DEBTORS 31 March 2025 31 March 2024 Trade debtors other Debtors Prepayments arxj aCCrt￿d lrtorne 156.053 261,981 191.609 341,149 490.478 908.513 287.269 800 027 15 CREDrroRS 31 March 2025 31 March 2024 Trade creditors Other Lvallon aTKI Natlonal InsLTrnce Corporation Tax Other creditors A¢cnJals arKI Deferred Incoma 249.472 215,165 630,333 287,596 119,036 747,212 142,350 376,042 1436,321 42 16 STATEMENTOF FUNDS Carf•d 8rought 10Th￿rd 1 Aprll 2024 Trnr4l•rs 31 March Ir￿me UN•tsbl¢i•d 12,855 486 18 726705 16.695 388 R•81rt¢tsd lunds Spwthk)b$ dat* ra￿oWp[oI*Ct CHATS CNIJ 8•rnav•m•r 129,0001 131,9501 116,1001 31,9SO 10,4lJO 1.000 4.426 39,100 211.357 NationDIGonlan ScP*me GTart fof •4dwert from donor H08• UK cop•x oth•r Roorn lo Cam CNkl Ihvopy W•U 8•lty Hou&• Slulc• BSMH Fan* pro￿¢1 14.4261 17,4181 17081 31,604 210,6$1 110.V25 I¢Xl.795 500 13,4431 5001 110,0001 20B,17T 10.1 11.588 13.980 13,900 15.000) Tol•l Rutrt¢l•d 183211 Tolal 12 838 897 19 129813 18 804 827 13 183 863 43 lorw¥d forword 31 2Q4 Translus El￿nd￿r& iN¢Jrt 21y22 InG(rne Unrtttttlal fur>* 11.C61017 24677681 263%% 078 281.￿8 12.85 R••lrff*•d FumJ• seF 171.811 1171.0111 pr4&1 67.0ts) i*.oJo) 281.(&1 J1.Xl 591934 175.875 28,672 718.4C¢I 259. 89,419 161975 HusF4ceC•pl•l Etsnsim Fwd H05yce s￿l¢Pl￿n￿ Henry Josephc￿ery￿W1 fw Fr•*1￿ ￿o￿lty FvTrJ 1175.87$) 128,8221 I718.4￿) I159.2￿) 189,4191 11819751 EOL 100,OD) 110,825 40,50) 16,8[ io,oco 27,orxJ 150 orKJ iico,o)o) Rc•2rn to C4 E*¢rthJ eere••vnv*l S￿1¢• 110.828 140.5x1 I1￿) io.co) Wel 8enyHoJso S1￿Ce &SA•I Ba1s4le Cham5 D•mthti& 115,41• 115.Li)01 Tthal R•jth'¢lodlu￿1 T(tsl FL•)05 7T2 We have the follty•ilng reslrlcted fund8. created as a resull of conditions Imposed by the funder: Curtainslchlller (hlve) funds to cover Improvements In the hfve Cafe Grant for 6quipm6nl from donar- this is various m8dlcal equipment for use on both sites Hosplce UK capex grant: funds to cover the cost of purchaslng speclfic approved capital items Room To Care: funds raised for the Erdington slte for creating ensulte facllities for the patlents Slui¢e'. funds for improvement and malntenance of our Sluice systems Farni￿ project.. funds speclfically raised to provide suitable comfortable areas for famuies to use whlle vlsttlng patlenls in the hosplce 44 17 SPLIT OF NET ASSETS BY FUND Total fuTrds for11￿ 18 monih ￿riod •nded 31 March 2024 UrweslrScled fuTrJs for the year •nded 31 March 2025 Reslricled funds for t￿e year •ThJed 31 March 2025 Total for Ihe year onded 31 March 2025 Tanglbb lixed assets Fixed asset inve51mwrts Current assots Credllors dug wltNn om y•or CredlloTS due aftar 1 year 4.833.113 4.669,939 4.514.638 (1.330,886) 4,833,113 4.820.096 4.669.939 4.685.203 4,991.717 4,769,720 (1.330,886) (1,436.322) 477,079 12,686 805 477,079 13 163.884 12.838 697 UNestrlcted funds 2024 R•s1￿cled Total IwKIs 2024 2024 Total Funds 2022 2024 comparnlwe TarvJib19 fixed a3sels Flxed assét Investrn8nts Current assels CredlloryJ due wlthln ong year Creditors dug alter 1 yoar 4,820,096 4,685.203 4,586,509 (1,436,322) 4.820,096 4.685,203 4.769,720 (1.438,3221 4.706,455 4,252,338 7,081,236 11.687,146> 183,211 12,655.486 183,211 12.838 697 14,332 883 18 PENSION COSTS The majorlty of past and present employees are covered by thè provl8ion8 of Ihe NHS Pensions Scheme. Details ol the benefits payable under th8se provisions can be found on the NHS Pensions w8bslte at www.nhsbsa.nhs.uk/pensions. The scheme is an unfunded. deflned benefit scheme that Covers NHS employers, GP practices and other bodies allowed under the dlrectlon of the Secretary of State In England and Wales. The stheme is not d8signed to be lun in a VRY that would enable these bodles to identify their shar8 of Ihe underlylng scheme assets and liabilities. Therefore, the scheme is accounted for as if itwer8 a defined contributlon scheme: the cost to the company of particlpatlng in the scheme is taken as equ81 to the contributions payable lo the scheme for the accounting period. A nurnber of employees fell outside the parameters of the direction provided by the Secretary of Slate, Sn England and Wales and as such do not qualify for the NHS Pensions Scheme. As such, an allernative pension scheme is provided on a defined contribution basis wilh Royal London. This scheme Commenced In October 2013 and is also accounted for as a defined 45 ntr6bution scheme: the to the ¢ompany of participating in the schema is taken as equal to th8 contributlons payable to th8 scheme for the accountlng périod. The scheme complies wlth penslons auttrenrolment leglslatlon. Total contributions to all schemes amounted to 2025 £1,020,967 (2024: £1,420,696). There are seven rates of member contrlbution in the NHS pen￿On$ Scheme, ranging frorn 5.10A of pensionable pay for the lowest eamers up to 13.5V• for highest earners, based on the whole tlm8 equivalènt Pensionable pay. The thresholds at whlch the rates change are Ilnked to natlonally-agreed pay rates at set levels and are based on salaries equivalent to someone working full lime. If the ov8rall cost of the scheme increases, the amount both members and the company contrfbute may also Increase. The costs of the scheme are determined by the Govemm8nt and also the scheme actuary who performs periodic valuations of the 5therne to delermlne how much needs to be pald In to Pfovlde the benefits paid out. These costs are shared be￿en the employers and the NHS Penslons Scheme members. In order that the defined beneflt obllgatlons recognlsed In the financlal statements do not dlffer materially from those that would be determlned at the reporting date by a fomal actuarlal valuation, Ihe FROM (The Government Financial Reportlng Manual> requires that 'the perlod between formal valuations shall be four years. wlth approximate assessments in intervening years.. An outllne of these follows: al Full actuarlal Ifundlngl valuatlon The P￿rpOSe of this valuation Is to assess the level of Ilabllity in respect of the benefits due under the scheme {taking Into a¢￿Unt Its recent demographic experlence) and to recommend the contribution rates. The last publlshed actuartal valuation undertaken for the NHS Penslon Schem8 was as at 31 March 2012 {published in June 2014), the previous actuarial valuation was carried out as at 31 March 2004. The prlmary purpose of the 2012 actuarlal valuallon was to set the employer contribution rate payabl8 from April 2015, in li9ht of the introduction of new pension arrangements from 1 Aprll 2015 explained below. and the initial employer cost cap which is required by the Publlc Service Penslons Act 2013. Both the employer contdbullon rate and employer cost cap will be induded in Scheme Regulations. The nexl actuarlal valuation is expecled lo be carried out as at 31 March 2016. This will sel the employer contribution rate payable from April 2019 and wtll ¢onslder the cost of the scheme relative to the employer cost cap. There are provislons in the Public SeNice Penslon Act 2013 to adjust member beneflts or contribution rates If the cost of the scheme changes by more than 29A of pay. Subject to this 'employer cost cap. assessment. any required revisions lo member benefits or conlribution rates will be determined by the Secretary ol State for Health afteT consultatlon with the relevant stakehdders. b) Accounting valuatlon A valuation of the scheme Ilablllty Is carrf8d out annually by tho schem8 actuary at the end of the reporting period. Actuarial assessments are undertaken in inteprfening years b8twe8n fomial valuatlons uslng updated member5hlp data. and are accepted as provldlng sultably robust figures for financtal reporting purposes. However, as the interval since Ihe last formal valuation now exceeds ft)ur years, tho valuation of the scheme liabllity as at 31 March 2014 is based on detalled membershlp dala as at 31 March 2013 updated to 31 March 2014 wlth summary global member and accounting data. In undertaking this actuarial assessmerrt, the methodology pres¢rlb8d In IAS 19. relevant FReM interpr8latbns, and the dlscount rate prescribed by HM Treasury have also been used. The latest assessrnent ofthe liabllitles of the scheme Is contalned In the scheme actuary ￿pOrt which forms part ol the annual NHS Pension Scheme (England and Wales) Penslon Accounts publlshed annually. These accounts can be vlewed on the NHS Pensions website. Copies can also be obtslned from The Stsfjonery Office. 46 c) Scheme provlsions The NHS Pension Scheme provided defined benefits, which are summarised below. This list is an illustrative guide only. and is nol intended to detail all th8 ben8fits provided by the scheme or the specrfic conditions that musl be met before these benefits can be obtained.. On 1 April 2008 a new section ol the NHS Pension Scheme was introduced for new mernbers. Most members of the Penslon Scheme prlor to 1 April 2008 are In the 1995 sectbon. New joiners on. or after, 1 April 2008 are members of the 2008 soction. The changes introduced new rules for NHS employees joining from 1 April 2008 and modif*d the rules for those already In the penslon scheme prlor to thls date. The scheme is a "average salary" schema. Members in the 1995 Section receive a pension worth 1180th of the b85t of the last three year's penslonable pay for each year of membershlp. Members who are waGtilion8rs as defined by the Scheme Regulations have their annual pensions based upon 1.40/0 of latal pensionable eamings over the relevant pensionable service. Members in the 21108 Secllon r8C8iV8 a pension worth 11601h of the average of the best three consecutive years, pensionable pay in the last len for each year of membership, Members who are practitioners. as defined by the Scheme Regulations have their annual pensions based upon 1.87•A of total pensionable 8amings over the re18vant pensionable serrfice. Members In the 2015 s•ction receive 1154th of the last year's pensionabl8 pay for each year of membershlp. with effect from 1 April 2008. members can choos6 lo give up some of Ihelr annual p8n8ion for an addlllonal tax-free lump surn up to a maxlmum amount pemiltted under HMRC rules. This new provislon is known as "pension commutation.. Annual Increa805 are applled lo penslon payments at rates defined by the Penslons (Increase) Act 1971, and are based on Changes in retail prices in Ihe twefve months ending 30 September in the previous calendar year. From 2011112 the Consumer Price Index (CPI) will be used to replace the Relall Prfces Index (RPI). Earty payment of a penslon. wllh enhancement, Is avallable lo members of the scheme who are permanently incapable of fulfilling their duties effectively through illness or infirmity. A death gratuity of ￿lce final year's pensionable pay for death In servlcg and five Ilmes thelr annual pension for death after retirement is payable. For earfy retirements other than those due to ill health, the additional pension liabilitles are not funded by the scheme. The full amount of the liablllty for the additlonal cosls Is charged to the employer. Members can purchase addltional servlce In the NHS Scheme and Contrlbute to money PUTchase AVCS run by the scheme's approved providers or by other Free Standing Additional Voluntary Contribution8 (FSAVC) providers. For the year to 30 September 2020 Ihe employer contributlon rale was 14.380/0 of pensionable pay with employee rates (b8for8 tax rellefj varying beihween 5.1% and 13.5%. 19 RELATED PARTY TRANSACTIONS The Non-Exe¢utNe Director Truste88 were not pald or relmbursed any expenses In the current or preceding year. No Trustee re￿iVed any emolument or payment for professional or other seTvice5. 47 20 FINANCIAL COMMITMENTS Operating Lease Commitments Due to the rnerger increaslng our charity shop portfolio to 24 units, as at 31 March 2024 the company had lotal commitments under non-cancellable operating leases as follows: 31 March 2025 31 Mareh 2024 LavKI aTrJ Buildings: Payable within 1 year Payable within 2 S years 404,333 806,875 1211,208 3TT,292 1.035.667 1412,958 48