BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 CHARITY NUMBER 1162329
Budlelgh Salterton and Distrlct Hosplscare Contents Page Trustees, report Independent auditor's report 7-10 Statement of financial activitles li Balance sheet 12 Notes to the financlal statements 13-18
Budlelgh Salterton and District Hosplscare Trustees. Report For the year ended 5 Aprll 2024 The Trustees present their report for BudlelEh Salterton and Distritt Hosplscare along wlth flnanclal statement5 of the Charlty for the year ended 5 Aprll 2024. The financlal statements have been prepared in accordance wlth the accounting pollcies set out on pages 13, 14 and 15 and comply wlth the Charitws Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities Statement of Recommended Practice (second edition) and Financial Reportlng Standard FRS 102. I I form tlon Charlty Number 1162329 Charlty Company Number CE004845- Incorporated In England and Wales Chairman Mr Martin Brlggs Trustees Mr Peter Julian- Secretary Ireslgned 21 May 20241 Mrjeremy Browne (re-appointed 21 May 20241 MrAndrew Spear-Treasurer (re-appointed 30 May 20231 Mr Martin Briggs - Chaimian Ire-appolnted 17 May 20221 Mrs Margaret Alexander (re-appointed 17 May 20221 Mrs Susan Hudson (re-appointed 30 May 20231 Mr Gordon Cameron Iresigned 9 April 20241 Mrs Jean Ketterer (re-appointed 17 May 20221 Principal Address Seachange, East Budlelgh Road, Budlelgh Salterton, EX9 6HF Independent Audltors Blck Accountants Ltd, Chartered Accountants, 52 Longbrook Street, Exeter, Devon, EX4 6AH Investment Advlsors The Charity's investment adv150rs during the year were J M Finn & Co, 4 Coleman Street, London, EC2R STA Banke HSBC Bank, Fore Street, Sldmouth, Devon, EXIO 8AA Lloyds Bank, Honiton Arlel House, 2138 Coventry Road, Sheldon, Blrmingham, B26 3JW stru nance nd Man ement Constltutlon Budleigh Salterton and Dlstrict Hospiscare Is a charitable Incorporated or8ani5atlon which was reglstered on 22 June 2015. The Constbtution of the Charity is the governing document. Under the Constitution the Charlty Trustees are responslble for the management and admlnistratlon of the Charitv.
Recruitment and Appolntment of Trustees All trusiees are appolnted by the Trustees of the Charity and are required to retire by rotatlon after servlng two consecutive terms of three years, save that (pursuant to an amendment to the Constltution adopted at the AGM on 3 August 20211 Trustees may be reappolnted for a third consecutive terrn and further consecutive terrns if such reappointment 15 approved by both lil a majority of the Trustees lexcludlng the person seekln8 reappointment) at a meeting of the Trustees held within 3 months before the Annual General Meetlng at which that Charity Trustee's appolntment would otherwlse cease and {iil a majorlty of the members votln8 at the Annual General Meeting at whith that Trustee's appointment would otherwlse cease. Whlle there is no formal policy for the Inductlon and tralning of new Trustees, all new Trustees are lIV briefed on the Charltls affairs by the Chairman and normally attend a number of rneetings as observers and/or become involved in the Charitvs activlties before being appointed. It is the pollcy of the Charity to recruit persons who have the requisite skills, knowledge and experience to act as trustees and assist In the governance, management and administration of the Charitv. Relatlonshlp wlth Hosplscare (Exeter. Mid and East Devon) I"Hosplscare") Hospiscare provide5 nursing and related services and eTnploys the nurses used In the Budleigh Salterton and District Hospiscare area. Hospiscare also provides important facilitles includlng an In-patient unit at its Hospi¢e, Searle House Sn Exeter. These nursing cost5 for patients registered with the Budlel8h Salterton Medical Centre and Woodbury Surgery (the 'Charit¢s Area'l are funded by Budleigh Salterton and Dlstritt Hospiscare pursuant to a Servlce Level Agreement dated 23 Aprll 2021 as amended by a VarSatlon Agreement dated . 11 May 2023. Rlsk Managoment The Tru5tee5 conslder and revlew the rnajor risks to which the Charlty Is exposed on a regular basis. They establish pollcies and procedures to manage these risks to an acceptable level. In particular they scrutinise fin8nclal risks relating to S rellance on stock market performance, legacles, donatlons and glfts to cover the costs of the services It funds. Aims ives for ubllc benefi The Charity's maln oblectlve Is to promote the relief of sufferin8 of patients with Ilfe-llmlting conditions in Budleigh Saerton, East Budlelgh, Bicton, Otterton, Colaton Raleigh, Woodbury and the surrounding area. As such, it funds Hospiscare's highly qualified and experienced Cllnlcal Nurse Speclallsts to provide expert palliatlve care advlce and support for patients in the Charltvs Area with life-limiting condltions and thelr famllles/carers and liaise with the patlent's GP, other Involved healthcare professlonals and support agencie5 where ne¢e55ary. It also funds Hospiscare's Hospiscare@Home nursln8 service for patients in the Charlty's Area, which offers hands-on nursing care in the patient's own home when requlred at any time, day or night, brlnging the expertise of the h05pi¢e into the home. The Charity also pays for the costs of patients in the Charitvs Area who need to stay in Hosplscare's in- patlent unlt at the Hospice in Exeter. Whilst Hosplscare's rernlt has tradltlonally been cancer patlents, now at the forefront of concerns Is a wlde range of Ilfe Ilmltlng conditlons, whlch Includes not Just cancer but also heart dlsease, chronlc obstructlve pulmonary disease ICOPDI, motor neurone dlsease,
dementia and other chronic neurodegeneratlve dlseases. Wlth increased Ilfe expettancy and the demographics of the lotal population, these conditlons and, In many cases, a comblnation of these condltions and other5 are now affertlng a greater proportion of patients and are likely to increase the demands on Hospiscare's servlces and a corresponding Increase in the need for fundlng from the Charlty. The pandemic has had a dramatic continuln8 effett on the delivery of Hospiscare's seNices: dlfficultie5 in patlents accesslng GP care and pressures on the acute hospital services have led to later referrals to the servlce, more complex and urgent conditions and significantly less tlme between referral and death. The Hosplscare nursing team has a150 experienced major challenges with staff slckness and coverlng annual leave, but have worked tirelessly to ensure patients, needs are met and the quallty of servlce is maintalned. The Chèrity also provldes volunteers to asslst patients, their famllles ènd carers in the Charity's Area, whlch Intludes volunteers who provide pre-bereavement and bereavement listening support and who run soclal activitles. Thi5 year Hospi5care has established a care navigation servlce in the Charty's Area, whlch provides specially trained volunteers, Includin8 ones provided by the Charlty, to offer prartlcal and emotional support, Information, advice and help with plannlng for the future to patients and their families. In addltion the Charlty has a team of volunteers who glve thelr tlme freely to the Charlty to a551St In the adminlstratlve functlon, fundralsln& Staff relations, organlsation of volunteer attivitie51 governance and compllance work. All our charltable activlties focus on the support and care of patlents In our local community wlth life-llmitlng condttions and their familles and carers,. they are undertaken to further our charitable purposes for public benefrt. The Trustees have also had due regard to guldance publlshed by the Charlty Commlsslon on publlc benefit, Actlvftles an hievemen urln the As the Trustees of Budle5gh Salterton & DSstrlct H05piscare, our primary responsibility is to ensure that we have sufflclent funds available in order to pay Hospiscare for properlv qualified, trained and supported nurses to provide palliative care for patients in the Charlty's Area and to provide volunteer setvlces supportlng those patlents, their famllles and carers. We contlnue to work closely with Hospiscare and, in partlcular, its Exmouth and Lympstone operatlon In providing our services. In April 2021 we signed a comprehensive Serylce Level A8reement wlth Hospi5care and this was updated on 11 May 2023. This formally sets out the full relatlonshlp between our respectlve charities In all areas. The Trustees consider that thi5 Is a hlghly slgnificant development,, indeed, it has already helped foster a renewed positive relatlonshlp with H05plscare, who remains our key partner, with improved communication and Collaboratlon In all areas, particularly fundra15ingi volunteerin8 and governance. We contlnue to work dinically with Hospiscare's Exmouth and Lympstone nursing team In a local "Cluster" of Cllnical Nurse Specialists and Hosplscare@Home nurses. Thls enables better cover over both areas and sharing of certaln resources e.g. premise5 and admlnistration for the nurses. However, we both remaln responslble for the financing of nurslng care and support servlces for patients In each of our respertlve areas.
The two employees recrulted to share the Fundraislng & Support Manager role have settled in well together and complement each otherf5 skills and our fundraising Income has increased as a result, wlth hlghly 5u¢cessfvl Quiz and Open Gardens events durlng the year. For the year to the end of March 2024, the nurses looked after 74 new Cllnlcal Nurse Speciallst referrals which Included 39 H05piscare@Home referrals for patients in the Charit¢s Area, There were 95 patlents on the caseload during the year, representin8 26% of the tot81 patients in the lotal Cluster with Hospiscare's Exmouth & Lyrnpstone operation. Durlng that period, the vast majority of patients who died were able to do so in thelr preferred place of death. 19 patlents In the Charlty's area spent tlme in the In-patient unit at the hospice In Exeter for a combined total of 150 nights. All the nurslng costs of all these patients were funded by the Charitv. The Charlt¢s overall Income from all sources amounted to £228,909 {2023 - £226,032). Total expenditure on the Charity's operations was £370,05712023 £310,593}, leadlng to an operatlng deflcit of £141,148 {2023 - £84,561} to be funded out of reserves. Glven the clrcumstances, this is consldered to be a satlsfattory achlevement, Investment income covered much of the annual expendlture at £154,99812023-£158,5151. Financlal Revlew of a nts asse and reserve All funds at present In the hands of the Charlty are avallable for the 8eneral provlslon of the Charity's oblects and there are no specific Trusts for special purposes only. At the year end unrestricted funds held were £5,045,92312023'. £5,199,585). The Trustees have adopted a written Investment Pollcyi under which the Trustees, Investment objectlve is to achieve a comblned return from Income and capital growth adoptin8 a medium rlsk profile with no minlmum percentage In low rlsk Investments, Our capital Is Invested by professional Investment managers In the Stock market and, Ilke all investments, the return is variable and dependent on the economic situation. Our capital investments are there to provide essential annual income, fund annual operatin8 deficits and pay for future expansion to allow for our current and future charitable alms to be met. The portft)Ilo Is Invested under a Discretlonary Portfolio Managemetit Servlce and specialist charitles investment team at the investment managers take Into account our Charlty status and Investment Policy and objectlve when Investlng. We do not have a speclflc pollcy In place detailing soclal, environrnental or ethlcal conslderations whlch they should take Into account when Investing the Charitvs assets but the Investment managers, pollcy Is not to invest In the followlng sensitlve market sectors for charltles.. arnis & defence, gambllng, 'pay day loans. and tobacco. There was a sll8ht reductlon in the value of our Investments as a result of global market conditions to £4,959,310 {2023: £5,087,631); however, market fluctuations are to be expected and we have been fortunate to beneflt from slgnlficant increases in previous years. The Chartty relies on investment Incorne in order to contlnue to pay for the level of services currently provided; however, the reductlon in market value of the investments is not anticipated to glve rlse to a material reductlon in the level of Income receieved. The charges from Hospiscare for the cost of provldlng thelr Cllnlcal Nurse Speclalist nursing team, Hosplscare@Home nursing team and Inpatient unlt for patients In the Charlty's Area durlng the year were £283,10912023 - £222,610) per year, The servlce is highly regarded by
patients and the servlces offered by our Charity are considered valuable wlthln the community. Like many charltles, we have also experienced a continued reductlon Sn the amount of legacles recelved over the last few years. Thls year a total of £2,000 was received Icompared to £Nil last year, £1,000 in 2022 and £2,500 in 20211, which is a cause for concern. Conslstent recelpt of legacy income, by its very nature, cannot be relled on but ha5 historlcally always been an important source of the Charity's income and 50 Is belng rnonitored by the Trustees. However, we have been Inforrned during the year of three separate legacies where the Charlty is a beneflciary and, while the final amounts are subject to the realisation of assets, Includin8 the successful sale of properties and investments, our share Is likely to be a total in the region of £1 million. As probate has not yet been granted for all the legacles and the amounts have not yet been finallsed, these amounts are not reflected In the accounts. We are nevertheless recelvlnE adequate income with which to pay Hosplscare's nurses, our staff and other costs and also to pay for support servlces. However, we are well aware that stock markets experience considerable fluctuations so that our capital holding has been very varlable. Our Treasurer is a practlsing Chartered Certified Accountant and consequently Is very aware of the need to maintaln 5ufflcient funds to cover our outgoings in the year5 ahead and is very prudent In ensurlng that an adequate level of capltal is malntalned. Our funds are provided for the care of present and future patlents ènd we consider that we would be failing in our duties If we did not ensure that we malntain sufficlent reserves to ensure that patients can be looked after wlth the care and Lrnderstanding that they have come to expect from Hosplscare for manvyear5 to Come. The Trustee5 consider that, unless legades and donatlons signlficantly recover over a sustained perlod, the Charity will need to contlnue to draw down on it5 Investments every year to fund its operating deficit. Accordingly, malntainlng reserves at as high a level as posslble and for as long as possible, whilst contlnulng to fund relevant new attlvltles and services, rernalns the Trustees, prudent financlal stratebry to ensure the longevity of the Charity. pi s for Futur P rlods Hospiscare remains the only real provlder of palllative care in the Charity's Area and so Is key partner for the Charity. The Charlty therefore plans to build on the positive relatlonshlp with Hospiscare established under the Servlce Level Agreement by greater collaboratlon and developlng a much closer partnershlp. The Charity Is celebratlng its 40th annlversary In 2024 and is uslng thls as an opportunity for fundraislng and raisin8 awareness of the Charlty in the local communlty with the aim of not just raislng funds but also of recruitlng volunteers. The Charlty Is aware that Hospiscare has Inltiated a publlc campaign to urge Devon's Integrated Care Board urgently to increase Hospiscare's statutory funding from the current 15% to 27%, to allgn with the national average for hospice funding; thls shortfall equates to £l.I milllon. In the meantlme, Hospiscare faces a deficlt of £2.5 million for 2024/25. It ha5 already taken steps to tackle the shortfall, IncludlnE reducing its administratlon costs, cutting the number of beds on Its ward in Exeter and not replacing staff who leave. It is fijrther plannlng to change how it dellvers part of its at-home care for patient5 during the last days of life by introduclng a new rapid response care seNlce to replace the Hospiscare@Home
service. This may result In some staff, belng made redundant In the 'cluster' of nurses shared with Hospiscare's Exmouth & Lyrnp5tone operatlon, although Hospiscare Is trylng to minimlse the numbers by placlng staff in other vacant roles. The Charity has been assured that Hosplscare has taken approprlate measures to ensure that patients contlnue to recelve high quality care throughout and beyond the transitlon process. The Charlty recognises the financlal challenges faced by Hospiscare and the extremely difficult decislons that need to be made as a result and Is supporting Hosplscare In its campalgn for fair funding and in its efforts to ensure its long-term future. Truste s, Res nslbilitles The Trustees are responsible for preparing the Trustees, Report and the Flnanclal Statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Klngdorn Generally Accepted Accountlng Princlplesl. The law applicable to charltles In England and Wales requlfes the Trustees to prepare flnanclal statements for each financlal year which give a true and falr view of the state of affalrs of the Charlty and of the Incomlng resources and appllcation of resources of that Charity for that year. In preparing those financial statements we are required to:. Select sultable accountin8 policies and then apply them consistently. Make judgements and estimates that are reasonable and prudent; Observe the methods and prlnciples in the Charities SORP (FRS 102); State whether applicable accountlng standards have been followed, subject to any material departures dlsclosed and explalned In the financlal statements; Prepare the financial statements on the goin8 concern basis unless It is inappropriate to presume that the Charity will continue in operatlon. Approved by the Trustees and signed on thelr behalf by: Trustee riggs Trustee- A Spe4r Date
Budlelgh Salterton and Dlstrlrt Hosplscare Independent Audltorfs Report to the Trustees of Budlelgh Salterton & Distrlct Hosplscare Opinlon We have audlted the flnanclal statements of Budlel8h Salterton & Dlstrltt Hosplscare for the year ended 5 Aprll 2024 whlch comprlse a statement of financial actlvltles, balance sheet, and notes to the flnancial statements, Includlng a summary of slgnlflcant accounting policles. The flnancial reporting framework that has been applled in their preparatlon Is applicable law and United Kingdom Accounting Standards, includln8 Financial Reportlng Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republlc of Ireland" Thls report Is made solely to the Charity's Trustees, as a body, in accordan wtth Part 4 of the Charltles (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mlght state to the Charity's Trustees those matters we are requlred to state to them In an audltor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslblllty to anyone other than the Charity and the Charitvs Trustees 85 a bodyi for our audlt work, for this report, or for the opinions we have formed. In our oplnlon the financial statements: give a true and fair vlew of the state of the Charity's affalrs as at 5 April 2024, and of Its incomin8 resources and applicatlon of resources, for the year then ended; have been properly prepared In accordance with Unkted Kingdom Generally Accepted Accountlng Practlce; and have been prepared in accordance wlth the requlrernents of the Charitles Act 2011. Basls for oplnlon We condutted our audlt In accordance with Internètlonal StBndards on Auditln8 (UKI IISAS (UKII and applicable law. Our responslbilltles under those standards are further described In the AudaS responsibillties for the audit of the financlal statements sertlon of our report. We are independent of the Charity In accordance with the ethical requirements that are relevant to our audlt of the financial statement5 In the UK, intluding the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance wlth these requlrements. We belleve that the audit evldence we have obtalned Is sufficlent and approprlate to provlde a basls for our opinion. Concluslons relating to golng concerft We have nothln8 to report In respett of the followlng matters in relation to whlch the ISAS (UK) requlre us to report to you where..
the trustees, use of the 8olng concern basls of accountlng In the preparation of the financlal statements is not appropriate. or • the trustees have not dlsclosed in the financlal statements any Identlfied materlal uncertalnties that may cast 5ignlflcant doubt about the Charlt¢s abillty to continue to adopt the 80in8 concem basis of accounting for a perlod of at least twelve month5 from the date when the financial statements are authorised for issue. Other Infomiatlon The trustees bre responslble for the other informatlon. The other information cornprlses the Informatlon included In the Trustees, annual report, other than the financial statements and our auditor's report thereon. Our Oplnion on the flnancial statements does not cover the other informatlon and, except to the extent otherwise explicitl¥ stated in our report, we do not express any form of assurance conduslon thereon. In connectlon wlth our audlt of the financlaS statements, our responslblllty Is to read the other informatlon and, In doing so, conslder whether the other Information Is materlally Incon51Stent wfth the flnanclal statements or our knowledge obtalned In the audlt or otherwlse appears to be materlally misstated. If we identify such materlal Inconslstencles or apparent materlal mlsstatements, we are requlred to determlne whether there Is a material mlsstatement In the financial statements or a materlal misstatement of the other Inforrnatlon. If, based on the work we have performed, we conclude that there Is a materlal misstatement of th15 Other Information, we are requlred to report that fart. We have nothingto report in thls regard. Matters on whlch we are requlred to report by exceptbn We have nothing to report in respect of the following Matters In relation to which the Charitles (Accounts and Reportsl Regulations 2008 require us to report to you if, In our oplnion,, the Information glven In the flnanclal statements is inconsistent In any materlal respett with the Trustees, report; or sufflclent accountlng records have not been kept; or the financlal statements are not in a8reement with the accounting records. or we have not received all the information and explanations we requlre for our audlt, Responslbllltles of trustees As explalned more fully In the trustees, responsibilities statement, set out on page 6, the Trustees are respons5ble for the preparatlon of financlal statements whlch glve a true and fair vlew, and for such internal control as the Trustees determlne is necessary to enable the
preparation of financlal statements that are free from materlal mlsstatement, whether due to fraud or error. In preparln8 the financial statements, the Trustees are responslble for as5essln8 the Charitvs abllity to continue as a golng toncern, disclosin& as appllcable, matters related to going concern and using the going concern basis of accounting unless the Trustees elther intend to liquidate the Charity or to cease operations, or have no realistlc alternatlve but to do so. Audltor's responslbilities for the audlt of the financial statements We have been appointed as audltor under sectlon 144 of the Charities Att 2011 and report In a¢cordance with regulatlons made under section 154 of that Act. Our objectlves are to obtain reasonable assurance about whether the financlal 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 hlgh level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI wlll always detett a material misstatement when it exist5. Mlsstatements can arise from fraud or error and are consldered material If, Indlvldually or In the aggregate, they could reasonably be expetted to influence the economlc declslons of users taken on the basis of these financial statements. As part of an audit In accordance with ISAS {UKI, we exerclse professlonal Judgment and malntaln professional sceptlcism throughout the audit. We also,. Identlfy and assess the rlsks of materlal misstatement of the financlal statements, whether due to fraud or error, design and perform audit procedures responsive to those rlsks, and obtaln audit evldence that is sufficient and approprlate to provide a basi5 for our opinlon. The risk of not detecting a material mlsstatement resultlng from fraud Is hlgher than for one resultin8 from error, as fraud may Involve collusion, for8ery• intentional omission5, mlsrepresentations, or the override of internal control. Obtain an understandlng of Internal control relevant to the audlt in order to design audlt procedures that are appropriate In the circumstances, but not for the PLFrpose of expre5sin8 an oplnion on the effertiveness of the Charitvs internal control. Evaluate the appropriateness of accountlng pollcies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Contlude on the approprlateness of the trustees, use of the golng concern basls of accountlng and, based on the audffc evldence obtained, whether a material uncertainty exists related to events or condltlons that may cast slgnlficant doubt on the Charity's ability to contlnue as a golng concern. If we conclude that a materlal uncertainty exists, we are required to draw attention In our audltor's report to the related dlsclosures In the financial statements or, If such disclosures are inadequate, to modify our oplnion. Our conclusions are based on the audlt evldence obtalned up to the date of our auditorfs report. However, future events or condltlon5 may cause the Charlty to cease to continue as a going concern.
io Evaluate the overall presentatlon, 5trutture and content of the financial Statements, including the disclosures, and whether the financlal statements represent the underlylng transattions and events In a manner that achleves falr presentation. We communlcate with those charged with governance regardln& among other matters, the planned scope and tlming of the audit and slgnlflcant audit findings. in¢ludin8 any signifbcant deficlencies In internal control that we identlfy durlng our audit. Blck Accountants Ltd, Chartered Accountants and Statutory Audltor 52 Longbrook Street, Exeter, Devon, EX4 6AH Date.... Blck Accountant5 Ltd is ellglble for appolntment as auditor of the Charity by virtue of its ellgibility for appointment as audltor of a company under sectlon 1212 of the Companies Act 2006.
li Budlelgh Salterton and Dlstrict Hosplscare Statement of Flnanclal Actlvltles For the year ended 5 Aprll 2024 Notes Unrestrlcted Funds 2024 Restrlcted funds 2024 Total lunds 2024 Total funds 2023 Income and endowments from Donatlons and legacies Other tradlng actlvltles Investments Other 52,747 15,521 154,998 5,643 52,747 53,382 15,521 5,922 154,998 158,515 5,643 8,213 Total 228,909 228,909 226,032 Expendlture on Raising funds Investment managements costs Other fijnd raisin8 Costs Charltable activlties Other 38,777 2,328 283,109 45,843 38,777 42,857 2.328 3,793 283,109 222,610 45,843 41,333 Total {370,057) 1370,0571 {310,593) Net galns/(lossesl on Investments Unre3llsed galns on Investments Reallsed 8alns on Investments {12,5141 {12,5141{1,001,6131 Net Income and Net movement In fvnds 1153,6621 1153,662111,086,1741 Reconclllation of funds Total funds brought forward 5,199,585 5,199,585 6,285,759 Total funds carried forward 5,045,923 5,045,923 5,199,585
12 Budleigh Salterton and Dlstrict Hosplscare Balan Sheet as at 5 Aprll 2024 Notes 2024 2023 Fixed assets Investments io 4,959,310 5,087,631 Current Assets Stocks 604 Debtors 11 70,067 69,701 Cash at bank and in hand Current accounts 18,371 32,900 34,971 28,049 132,721 Stockbrokers account Total current assets 121,942 Uabillties Creditors: Amounts falllng due withln 12 135,329) one year 120,767) Net current assets 86,613 111,954 Total net assets 5,045,923 5,199,585 The funds of the charlty Unrestrlcted funds 5,045,923 5,045,923 5,199,585 5,199,585 Totsl charlty funds The financlal statements were approved by the Board of Trustees on 2S 2oC And slgned on its behalf by,. Trustee- A Spear
13 Budlelgh Salterton and Dlstrfrt Hosplscare Notes to the flnanclal statements for the year ended 5 April 2024 l. Accountlng Pollcles The principal accountlng pollcies adopted In the preparation of the financial statements are set out below:. Basls of preparation and assessment of going conrn The financial statements have been prepared under the hlstorlcal cost convention with items recognised at cost or transactlon value unless otherwlse stated In the relevant notelsl to these accounts. The financlal statements have been prepared in accordance with the second edltlon of the Charities Statement of Recornmended Practice issued in October 2019, the Flnanclal RÈporting Standard applicable In the Unlted Kingdom and Republlc of Ireland IFRS 1021 and the Charrties Act 2011. The Charlty constltutes a publlc benefit entity as defined by FRSIO2. The Trustees consider thet there are no materlal uncertainties about the Charitws ablllty to contlnue as a golng concern. The presentation currency Included In the accounts Is UK £'s. Transactions In the a¢¢ounts have been rounded to the nearest £.
16 Budleigh Solterton and Dlstrlrt Hosplscare Notes to the flnanclal staternents for the year ended 5 Aprll 2024 2024 2023 5. Other fundr81slng costs Qulz Zoots event Coffee mornin8S Gin Branded bottles Open gardens Jute bags Other 1,198 2,710 70 90 483 439 308 203 371 249 2,328 3,793 6. Charitable activltles Thls comprises of funds direttly applled to pay for the costs of nursing care provided by Hospis¢are to patients In the Charlty's Area, Including being nursed at home and in the Inpatlent unit In the Exeter Hosplce pursuant to the terms of the Servlce Level Agreement wlth Hosplscare dated 23 Aprll 2021 as amended by the Variation Agreement dated 11 May 2023. Unrestritted Restrlcted Nursln8 costs, supplies and adminlstratlon 90,473 Hospiscare@Home 91,409 Inpatient unlt charges 101,227 Total 90,473 91,409 101,227 72,046 82,505 68,059 283,109 283,109 222,610 7. Other costs Wages and salarles Secretarial servlces Honorarlum to Secretary and Treasurer Rent payable Insurance Prlntlng, postage and stationery Telephone Audlt and examlner's fees Legal and proftsslonal fees Computer costs Bank charges General expenses 23,610 5,100 1,800 3,113 906 374 1,843 1,983 2,673 3,642 186 613 18,910 5,100 1,800 3,533 759 179 1,594 2,016 350 5,771 205 1,116 45,843 41,333
17 Budlelgh Salterton and DlstriLt Hosplseare Notes to the flnanclal statements for the year ended 5 Aprll 2024 Stsff costs The aggregate payroll costs were as follows:. 2024 2023 Wages and salarles Employer pension contrlbutions 23,293 317 18,633 290 The average number of employees durlng the year was 212023- 1). No employees had emoluments In excess of£60,00012023- 01. 9. Trustees remuneration Durlng the year the followlng honorariums were paid to the secretary and treasurer, who were also Trustees, to carry out their dutles, the payment of which ha5 been approved by the charity commission:_ 2024 2023 Mr P Jullan Mr A G Spear 900 900 900 900 1,800 1,800 10. Flxed assets Investments Investments are included in the Balance Sheet at open mld-market value as provlded byJ M Finn & Co. 2024 2023 Cost 4,191,218 4,066,414 Market value of investments 4,959,310 5,087,631 2024 2023 Market Value Carrylng value at 6 Aprll Additlons Disp05als 8t carrylng value Including Net reallsed gains of £240,61112023 galn £186,444) Net unrealised investment 8ain/{lossl 5,087,631 1,449,346 6,150,640 986,515 11,565,153) 112,5141 11,047,911) 11,001,613) At 5 Aprll 4,959,310 5,087,631
18 Budlelgh Salterton and Oistrlct Hosp15care Notes to the flnaneial statements for the year ended 5 April 2024 li Debtors: amounts falling due within one year 2024 2023 Prepayments and accrued income 70,067 69,701 12 Credltors: amount5 f8lllng duewlthln one year 2024 2023 Accruals and deferred Income Taxation and social securlty 35,329 20,767 35,329 20,767 13 Related party transartlons Other than the honorarlums and salary dlsclosed In note 9 of these accounts, no other remuneratlon or expense5 were pald to the Trustees from the Charity durlng the year and there were no other related partytransartions. During the year a total of £460 12023 £5601 was received by the Charlty In subscrlptlons and donatlons from Trustees. Andrew Spear (Trusteel Is a assotlate dlrettor of Lentells Limited. The Charity paid Lentells Llmited £44412023 £350) In the year for administerlng the payroll and dealing wlth the auto enrolment penslon. 14 Donated Boods, facilltles or servlces The Charlty has a team of volunteer5 who give their tlme freely to the Charity to ass15t in It5 governance, administration, staff relations, fundra151ng and Compliance work. The Charlty also has volunteers who are avallable to support patients, thelr families and carers. 15 Penslon plan The Charkty operates an auto enrolment workplace penslon for eligible employees through NEST. Durlng the year, a total of £31712023 - £2901 was pald for employer contributions.