Charity number: 1162329 BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE Year Ended S April 2025 CONTENTS Page Trustees. Report......................................... Independent Examinerfs Réport lo the Trustees Df Budleigh Sallerton and District Hospiscare . Slalemenl of Financial Acliv(ties...... B81ance Sheet. Notes lo the finanGial slalements.............................................. .8-13
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE Year Ended 6 April 2025 Trustees, Report The Trustees present their report for Budleigh Salterton and District Hospiscare I'Budleigh' or 'lhe Charity") along with financial slalemenls of the Charity for the year ended 5 April 2025. The financial slalements have been prepared in accordancewith the accounting policies sel out on pages 8 and 9 and comply with the Charity's Trust Deed, the Charities Act 2011 and AccoLJnling and Reporting by Charitie5 Statement of Recommended Practice Isecond edition) and Financial Reporting Standard FRS 102. Reference and administrative informati Charity Number 1162329 Charlty Company Number CE004845- Incorporated in England and Wales Chairnian Michael Williams lappoinled 10 January 20251 Trustees Andrew Spear Anthony Martin Beth Reynolds Craig Smrth Brian Aird Gordon Cameron Helen Enrighl Jean Kelterer jeMY Browne Jose Cortizo Margaret Alexander Martin Briggs Michael Williams Nicholas Frost Peter Julian Sandra Sampson Sarah Dodd Sarah Hughes Sarah Jackson Susan Hudson Tim Harlow (resigned 31 October 20241 (appointed 01 November 20241 (appointed 30 September 2025} (appointed 01 November 20241 (appointed 01 November 2024, resigned 09 January 20251 (resigned 09 April 20241 lappoinled 01 November 2024} (resigned 31 October 20241 Iresigned 31 October 20241 lappoinled 01 November 2024. resigned 06 January 20251 Iresigned 31 October 2024) lappoinled 01 November 20241 lappoinled 01 November 20241 (resigned 21 May 20241 (appointed 30 September 2025) (appointed 30 September 2025) (appointed 30 September 2025} (appointed 01 November 20241 lappoinled 01 November 20241 Principal Add$$ Searle House, Dryden Road, Exeter, EX2 5JJ Independent Examiners Francis Clark LLP, Centenary House Peninsula Park, Rydon Ln, Exeter EX2 7XE Investment Advisors The Charity's investment advisors during the year were.. J M Finn & Co, 4 Colenan Street. London, EC2R STA Charfes Stanley, Ropemaker Place, 25 Ropemaker Stet, London EC2Y 9LY Bankers HSBC Bank, Fore Street, Sidmouth, Devon, EX10 8AA Lloyds Bank, Honilon Ariel House, 2138 Coventry Road, Sheldon, Bimingham, B26 3JW
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE Year Ended 5 April 2025 Trustees, Report Icontlnu&dl Structure Governance and Mana ement On 1 November 2024 lollowing a vote of the Charity's membership, Budleigh merged with Hospiscare. As a result of the merger, Budleigh is now a wholly owned subsidiary of Hospiscare. The Trustees of Budleigh, with the exception of Martin Briggs and Susan Hudson. resigned and were replatsd with the Trustees of Hospiscare. Martin Briggs and Susan Hudson becarne members of the Hospiscare board. Budleigh SaertOn and District Hospiscare is a charitable incorporated organisalion which was registered on 22 June 2015. The Constitution of the Charity 15 the governing document. Under the Constitution the Charity Trustees are responsible for the management and adminislralion of the Chanty. Recruitment and appointment of Trustees The Board of H05piscare seeks lo ensure that il encompasses an appropriate range of skills and talent. Hospiscare's Nominations and Remuneration Committee oversees the recru(tment of new Trustees, following the Charty's policy on Trustee ¢ruItMent. Trustees are appointed by the Board and seNe for three years. after which, they may pul themselves fOard for -appointMent. Trustees may be appointed for a maximum of three consecutive lemis of three year5 after which, they may be able to extend for one further year, and after, they must slep down. The Trustees also receive training on other topics relevant to governance and their committee membership. New Trustees are offered a programme of induction which includes an induction pack and a comphen$1ve indudion programme. which involves spending lime with each of the key services that Hospiscare provides and visiting ils shops. Trustees identify topics on which they would like further information orlraining and appropriate rneasures are pul in place lo provide this. A presentation comprising an anonymous patient's experien is made by clinical staff al the beginning of every Board meeting. Risk management The responsibility for the management and control of a charity rests with the Trustee5. The day-to-day management of risk has been delegated to Hospiscare's Executive Leadership Team IELTI, who meet weekly. and Senior Leadership Team ISLTI, who meet monthly. All risks are considered and monitored by members of these tearns. Aims and objectives for the public benefit The Charity's main objective is lo promolethe relief of suffering of patients with life-limiling conditions in Budleigh Salterton, East Budleigh, Bicton, Otterton. Colalon Raleigh, Woodbury and the surrounding area Ithe'charity's Area'l. During the period lo 1 November 2024. the Charity funded Hospiscare's highly qualified and experienced Clinical Nurse Specialists lo provide expert palliative care advice and support for patients with life-limiting conditions and their familieslcarers. The Charity also paid for the costs ol patients in the Charity's Area who need to slay in Hospiscare's in-patient unit at the hospice in Exeler. Since the merger. the funds that transferred to Hospiscare are held as restricted funds by Hospis¢are and will continue lo be used to benefit individuals within the Charity'5 Area. All the charitable aclivf(ies focus on the support and care of patients in the local community with life-limiting onditions and their farnilies and ¢arers.' they a undertaken to further the charitable purposes for public benefit. The Trustees have also had due regard lo guidance published by the Charity Commission on public beneflc.
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE Year Ended 5 April 2025 Trustees, Report {continued) Structure Govamance and Mana ement continued Actlvltles and achlevements during the year For the period lo the 1 November 2024, Hospiscare continued lo provide specialist palliative care in the Charity's Area, and during th81 time, the vast majority of patients who died were able to do so in their preferred place of death. All the nursing costs of these patients were funded by the Gharily. Financial review of accounts, assets and reseryes The Charity's overall income lo 5 April 2025 from all SoUrS amounted to £116,58612024 - £228,909). Total expendrture on the Charty's operations was £361,165 12024 £370,057), leading lo an operating deficf( of £151,60912024 £153,662) lo be funded out of reserves. Vvhilsl the Charity only traded for seven months of the year before the merger with Hospiscare, expenditure increased primarily due lo a higher number of nights qUId and the recognrtion of additional expenditure relating to prior periods. all of which contributed lo the overall defici( reported. Since 1 November 2024, the Charity has been domant with all income and expend(ture being recorded In the financial slalemenls of Hospiscare. Following the merger with Hospiscare, the Charity's policy is now lo have nil reserves. All adivilies are funded through Hospiscare with the funds transferred on merger held as a restricted fund lo be used for funding the services in the Charity's Area. Any funds received into the Charity from legacies where the dale of death is after the date on which the merger is registered on the Charity Commission's register of rnergers will be transfer lo Hosp1sca lo be used for the purposes for which the funds were received., any legacies received before this dale will be paid into the reslricled fund for Budleigh held by Hospiscare lo be used for funding the serVIS in the Charty's Area. Hosp1Sca's reserves policy is disclosed in that entity's Iruslees report, a copy of which is available on the Cornpanies House website. Plans for future perio(ts Hospiscare will continue lo operate within the Charity's Area. Services will be provided within the area on a consistent basis as those provided to the rest of the Hosp1sc8 geography, with the Coastal Community Nursing and Rapid Response Services continuing lo provide services in patients, homes. In addition, residents within the Charity's Area will have access to bedded care at Searle House Hospiscare is committed lo fundraising within the Charty's Area and wll continue lo be a significant part ofthe wider community. Hospiscare will continue lo work with local businesses and individuals alike to promote the organisation and the work that il does. working in partnership with other local organisations to raise funds. The Charty itself became domanl following the merger with Hospiscare. All Income and activities undertaken within the Charity's Area will be undertaken by Hospiscare and the value of income and expendrture will be reflected within the Hospiscare accounts. The Charity is now dormant bul the trustees intend lo wind up the Charty al an appropriate lime. Going concern Budleigh transferred all of its activities. assets and liabilities as al 1 November 2024 to Hospiscare. From that date, thi5 Charity ceased all activitS and is expecled to remain dormant for the foreseeable future. Aecordillgly, the financial statements have been prepared on a basis other than going concern and no adjustments have been necessary lo the assets and liabilities of the Charity as a resutt of this.
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE Year Ended 5 April 2025 Trusleos, Report Icontinuedl Trustees, responsibilitigs The Trustees are responsible for preparing the Trustees. Report and the Financial Stalernenls in accordance wrth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Principles). The law applicable to ¢harilies in England and Wales requires the Trustees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources of that Charity for that year. In preparing those financial slalemenls we are required to'.- Select suitable accounting policies and then apply them consistently., Make judgentS and eslimales that are reasonable and prudent., Observe the methods and principles in the Charities, SORP., Stale whether applicable accounting standards have been followed. subject lo any material departures disclosed and explained in the financial slalemenls., and Prepare the financial slalemenls on the going concern basis unless ff( is inappropriate to presume that the Charity will continue in business. The TrLJStees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial stslements comply wrth the Charities Act 2011. the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Conslilulion. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularrties. Approved by the Trustees and signed on their behaK by= Michael Williams Chair Dale.¢j. 12. IS
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE Year Ended 5 April 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE I report lo the Charity trustees on my examination of the financial slalemenls of the Charty for the year ended 5 April 2025. Responslbllltles and basis of report The Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. The Trustees consider that an audit is not rgquired for this year under sectioll 144121 of the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is nded. I report in respect of my examination of the Charty's accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable directions given by the Charity Commission under section 14515llbl of the 2011 Ad. Independent examinevs ststernent In connection with my examination. no maller has come lo my attention which gives me reasonable cause lo believe that in any material respect the following requirements have not been met a. lo keep accounting Tecords in accordance wf(h section 130 of the Charities Act 2011," 8nd b. lo prepare accounts which accord with the accounting records and comply wf(h the accounting requirements of the 2011 Act. As noted in the accounting policy on page 8, the Chaiily merged with Hospiscare on 1 November 2024 and has been dormant since this date. Accordingly, the financial statements have been prepared on a basi5 Other than going concern and no adjustments have bn necessary lo the asset and liabilities of the Charity a5 a resuY( of this. I have come across no other rnatters in connection with the examination lo whh allèntion should be drawn in order lo enable a proper understanding of the a¢¢ounls lo be reached. /-tts*- Neil Hitchings FCA Francis Clark LLP Chartered A¢¢ounlants Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE Date.. 10 December 2025
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) Year Ended 5 April 2025 Unr9s1rlct8d funds Restricted funds Total funds 2025 Total funds 2024 Note Income: Donations and legacies Other trading activities Investrnent income Other 27.797 2,996 81,781 3,992 27,797 2,996 81,781 3,992 52,747 15,521 154,998 5,643 Totsl income 116,566 116,566 228,909 Expendituro: Raising funds Investment management costs Other fund-raising costs Charitable aclwilies Other 23.017 23.017 38,777 1.089 284,680 52.379 1.089 284,680 52.379 2,328 283,109 45.843 Total expenditure 361.165 361,165 370,057 Net gainslllossesl on investments 92,990 92,990 112,5141 Net incomellexpendStur&l In funds before transfer 1151,6091 1151.6091 1153,6821 Transfer lo Hospiscare 4,894,314 4,894,314 Net mov&ment in funds 5,045,923 5,045.923 153,662 Reconciliation of funds: Total funds brought forward 5,045,923 5.045,923 5, 199,585 Total funs ¢arri9d forward 5 045,923
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE BALANCE SHEET Year Ended 5 April 2025 2025 2024 Note Fixed assets Investments 10 4.959.310 4.959,310 Current as$gts Stocks Debtors Cash al bank and in hand Current accounts stockbrokers accounts Total current assets 604 70.067 105.008 18,371 32,900 121.942 105,008 Llabilitie5 Creditors.. amounts falling due within one year 12 105,008 35.329 Not current assets 86,613 Net assets 5,045,923 The funds of the Charity unStriCted funds 5,045,923 Total funds 5045,923 The financial statements were approved by the Board of Trustees on And signed on ils behalf by.. Trustee
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Year Ended 5 April 2025 1. Accountlng Pollcles The principal accounting policies adopted in the preparation of the financial statements a set out below.. al Basis of preparatlon and assessment of golng concern The financial slalemenls have been prepared under the historical cost convention with items recognised at cost or Iran5aclion value unless otherwise slated in the relevant notelsl to these accounts. The financial slalemenls have been prepared In accordance with the second edition of the Charities Statement of Fiecommended Practice issued iri October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Char(ties Act 2011. The Charity conslilules a public benef(( enlily as defined by FRS102. On 1 November 2024 following a vole of the charity's membership, Budleigh merged with Hospiscare. As a result of the merger, Budleigh is now a wholly owned subsidiary of Hospiscare. Since 1 November 2024, the Charity has been dormant with all incorne and expenditure being corded in the books of Hospiscare. Following the merger with Hospiscare, the Charty's policy is now to have nil reserves. All activities are funded through Hospiscare with the funds transferred on merger held as a restricted fund lo be used for funding the services in the Budleigh operational area. Any funds received into the Charity from legacies where the dale of death is after the date on which the merger is registered on the Charty Commission's register of mergers will be recognised by Hospiscare, and be used for the purposes for which the funds were reIved., any legacies received before this date will be recognised by Hospis¢are, within the reslricled fund for Budleigh, and be used for funding the servi5 in the Charity's Area. Consequently, the financial statements have been pr&pared on a basis other than going concern. No adjustments have b&n neSSary lo the asset and liabilities of the Charty as a result of this. The presentation currency included in the accounts is UK £. Transactions in the aOUnts have been rounded lo the neast £. bl Income Income is recognised when the Charity has entitlement lo the funds. and il is probable that the income will be received, and the amount ¢an be measured reliably. For legacies, entrtlement is tsken as the earlier of the dale on which either.. the Charity is aware that probate has been granted, the eslale has been finalis and notification has been made by the execulorlsl to the Charity a distribution will be made, or when a distribution is received from the eslale. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably, and the Charity has been notified of the executor's intention to make dislribub'on. Where legacie5 have been nolif1ed to the Charty, or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a conlingenl asset and disclosed if material. Investment income is brought into the accounts when it is received. ¢1 Expenditure Expendf(ure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third p8rty, it is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classifigd by aclivty.
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI Year Ended 5 April 2025 1. Accounting Policies Icontinuedl cl Expenditure Icontinuedl Expenditure on raising funds includes all expènditure incurred by the Charity lo raise funds for its charitable purposes and includes costs of all fLJndraising activities even15 and non-chariiablg trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any ass(xiated support costs. Tangible fixed a$$ets There are few tangible assets, mainly office and medical equipment of small individual value. It is the policy of the Charity not lo capilalise items of this nature and depreciate them bul lo write such items off upon acquisilk)n. dl Flxed asset investments The market value of the investments is shown in the notes in the accounts. Gains and losses reali5ed on sales of such investments are included in the Statement of Financial Activities as well as unrealised investment gains and losses. el Stock Stock is included al the lower of cost or nel realisable value. The Charities SORP recommends that goods donated for resale are valued. However. estimating the fair value of donated goods for resale is impractical because of the high level of low value items received. The Trustees have therefore determined that no meaningful valuation can be made, and no value has been assigned lo the stock of donated goods. DebtOTS Prepayments are valued at the amount prepaid net of any trade discounts due. gl Creditors Creditors are recognised where the Charity has a psent obligation resulting from a past event that will probably resuY( in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or eslimaled reliably. Creditors and provisions are normally recognised al their settlement amount after allowing for any trade discounts due. h) Fund accounting The majorty of funds administered by the Charity are unrestricted funds and are available to be applied for the general purposes of the Charity. There were some restricted funds receNed as donations for the Hospiscare@Home services, and these have been accounted for separately and spent Dn those activities However, all the Charity's funds after the transfer lo Hospi5care are held as reslricled funds by HOspcare to be used for funding seNices in the Charity'5 Area. il Voluntary Income Don81ions and legacies represent the amount received and banked by the Charity during the year. They do not include any amounts received by third parties which had not been notified lo the Charity by the year end.
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) Year Ended 5 April 2025 2. Donations and lega¢i¢$ Unrestricted 2025 Reslricled 2025 Total 2025 Total 2024 Subscriptions General donations Collection boxes Memorial donations Legacies Gift aid donations 90 12,239 292 2.045 876 12.255 27,797 90 12.239 292 2.045 876 150 15,175 909 16.348 2,000 18,165 52,747 27,797 3. Income from othgr trading activitles 2025 2024 Quiz Coffee mornings Gala week Tabletop sale Open gardens Seachange fete Christmas tree collections Woodbury carol concert Leap year afternoon lea Other 3,427 800 600 162 6.281 29 3,083 550 532 57 15,521 4. Investment Income 2025 2024 Income on grfts and securities 81,781 154,998 S. Other fundralsing Costs 2025 2024 Quiz Coffee momings Gin Open gardens Other 1,198 90 483 308 249 2,328 1,089 1.089 10
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI Year Ended 5 April 2025 6. Charitable activities This compri3es of funds directly applied lo pay for the costs of nursing care provided by Hospiscare to patients in the Charity's Area, including being nursed al home and in the inpatient unil in the Exeter Hospice pursuant lo the terms of the Serrfice Level Agreement with Hospiscare dated 23 April 2021 as amended by the Variation Agreement dated 11 May 2023. Unreslricled Restricted 2025 2025 Total 2025 Total 2024 Nursing costs, supplies and administration Hospiscare@Home IPU charges 58,446 63.063 163,171 284.680 58.446 63.063 163,171 284.680 90,473 91,409 101.227 283.109 7. Other costs 2025 2024 Wages and salaries Secretarial services Honorarium lo Secretary and Treasurer Rent payable Insurance Printing. postage and stationery Telephone Audit and examiner's fees Legal and profeSsn81 fees Computer costs Bank charges General expenses 7.495 2.975 525 1,550 793 96 1,505 11,475 23,241 114 23,610 5,100 1,800 3,113 906 374 1,843 1,983 2,673 3,642 186 613 45.843 52.379 8. Staff costs The aggregate payroll costs were as follows.. 2025 2024 Wages and salaries Employer pension contribution 7,251 244 23,293 317 The average number of employees during the year was 212024 - 11. No employees had emoluments in excess of £60.00012024- 01.
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) Year Ended 5 April 2025 9. Trustees remuneration During the year the following honorariums were paid lo the Secretary and Treasurer. who were also Trustees, to carry out their duties, the payment of which has been approved by the charity commission.. 2025 2024 Mr P Julian MrA G Spear 900 900 1,800 525 525 10. Flxed a$sots investments Investments 8re included in the Balance Sheet at open mid-market value as provided by J M Finn & Co. 2025 2024 Cost Market value 4.191,218 4,959,310 Market value Carrying value al 6 April 2024 Additions Disposals Net gainlllossl Transfer to Hospiscare 4.959,310 564,669 1684,1021 92,990 14,952,867) Carrying value at S Aprll 2025 11. DebtOf5: amounts falling due within one year 2025 2024 Prepayments and accru& income 70,067 70.067 12. Creditors- amounts falllng due within one year 2025 2024 Accruals and deferred income Amounts owed lo group undertaking$ 35.329 105.008 105.008 35.329 12
BUDLEIGH SALTERTON AND DISTRICT HOSPISCARE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI Year Ended 5 April 2025 13. Related party tran$actions Other than the honorariums and salary disclosed in note 9 of these accounts, no other remuneration or expense5 were paid lo the Trustees from the Charity during the year and there were no other related party Iransaclions. During the year a total of £nil12024 - £4601 was received by the Charity in subscriptions and donations from Trustees. Andrew Spear (Trusleel is an associate director of Lenlells Limited. The Charity paid Lenlells Limited £31512024- £4441 in the yearfor administering the payroll and dealing with the auto enrolment pension. 14. Donated goods, facilities or services The Charty has a team of volunteers who give their lime freely lo the Charity lo assist in ils governance, adminislralion, staff relations, fundraising and Compliance work. The Charity also has volunteers who are available to support patients, their families and carers. 15. Pension plan The Charity operates an auto enrolment workplace pension foreligible empk)yees through NEST. During the year, a total of £24412024 - £3171 was paid for employer contributions. 13