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 Sa￿erton, 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 Aud￿a￿S 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 con￿rn
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.