REGISTERED COMPANY NUMBF.R: 1166180 (England and Wales) REGISTERED CHARITY NUMBER.. 11661811 Report of the Trustees and UnaudTted Financial S¢a¢ements for the Year Ended 31 December 2024 for Skanda Vllt Hospic¢ CIO Aslunole and Co. Williamston House 7 Goat Street Haverlordwest Pembrokeshire SA61 IPX Sk*nda Valc Hospice CIO Contsnts of the Financial Statements for the Y¢ar Ended 31 De£ernber 2024 Page Report of the Trustees to 10 Independent ExamiDer's Report ststement of Financial Activltles 12 Baianee Sheel 13 to 14 Cash Flow Statemtnt Notes to the Financial St4t¢ments 16 to 26 Detailed Statement of Financial A£tivltles 27 to 29 Skanda Vale Hospice CIO Report ofthe Trustees for thc Year Ended 3J r)ecember 2024 Our Services Enquirie5 and referra15 to our range of 5erYi£e5 We had 92 enquiries throughout the year resulting in 49 referrals with 7 enquircrs being signposted on to mor¢ appropriat¢ 5¢rvices. 17 referrals did not proceed and 12 patients died prior to rccciving a service. -lThe total of new patients that Used the 5er¥ice in the year was 31 24 referrdls corne froTn patients themselves and thcir family and friends with 25 coming from the palliativ¢ ¢ar¢ t¢am or other health professional. Most enquirers have heard about the hospicc and its scrvices via health professionals. Di8gr]osis was primarily Cancerl l.eukaemia 29 rcfcrrals- CPD 7 refeTrals- N¢urologi¢al 11 referrals. FrailtylCoTnorbiditics I rcferral. 21 Refcrrals werc from Carn)arthenshire,' 15 from Ceredigion- 10 from Pembrokeshire. I from South Wales and I from Hcrcford8hir¢. Day Care Serviees The day hospice service each Wednesday remains on important part of Skanda Vale Hospice. in providing psy¢hoso¢ial support io patients and their families. This sctting enables regular reassessment of paticnt needs. assisted bathin& and complementary therapies and in person spiritual supporL all of which ar¢ gratefully re¢eived by patients and their families. The process of reassessing patents is an aspect which needs further improvemcnt, hut we achieved 18 reagsesstnents and 8 discharges in this timc period. welcomed 25 new patients lo th¢ scrvicc (comparable to 2023), supported, on average 14.8 individual patients per month and provided 288 {an incTease compared to 2023) day hospi¢e sessions over the course of the year. Whilst some paiicnts would like to attend day hospice more frequently, we continue to adjust frequency of attendance in order to manage the cyseload. At the end of 2024, we hav¢ just 2 patients attending weekly. one attending monthly and the r¢maining patients attending on a forth￿tIy basis. 32 individual patients used the g¢rvi¢¢ with ¢a¢h pati¢nt averaging 1.8 ￿tendanCeS per month. In total there wer¢ 288 parients and 100 family and friend attendances. 18 patients were r¢assess¢d, 8 patients were discharged and 27 patients died. We provid¢d 356 lunches. 261 therapy sessions., 53 assisted bathing sessions and 117 Spiritual support sessions- 62 garden sessions and 362 pet therapy sessions. In Patient Servlce Whilst we have so far only managed a 4 day (3 night) respite service, the feedback from patients and family members has been rcally positive, indicating that it LS Still of great value. In 2025 we have been able to exteDd to 5 days and 4 nights 'lkn¢ numb¢r of patients staying for inpatient respite remains the same, but we have needed to offer significantly more patients a place during respite, before we have been able to reach a final ¢onfirniation of attendee5. 'fhi5 Is for a variety of reasons, but of course has an impact on the time involved in this process. On no occasion did we have fewer patients than we felt was appropriate as we wcrc always able to fIll thc plaees, though this does sometimes mean the &wne individua]Is attending considerably rtjore sessions than some other patients. In total thcrc wcrc 54 patient attendances and 5 family and friend attendances over the monthly respite sessions provided, this includcd 13 new patients in the year. We providcd 586 mcals. 99 therapy sessions. 47 assisted bathing session5 and 25 Spiritual support se5sions,' and 27 trips out. Page I SkaDd& Vale Hosplee CIO Report of the Trustees ror the Year Ettded 31 December 2024 Paiient and Family &Friends feedback for respite service atings.. average of patient satisfaction (out of 5) n your opinion, how clean was the hospice? ow would you rate the hospice food? Including snacks and choice available. f you needcd hclp, for example with cutting up of food or eating your mea15, did you et cnough help. o you feel we are consistent the way wt Speak with you? id you f¢el abl¢ to talk to members of the hospice team about your worries or fears? id you ever feel ignored by team members? ere it applied, were you given enough privacy when being examin¢d or treated? verall, did you feel you were treatcd with respect and dignty while you were in thc ospice? id you hav¢ confidence and trust in ihe team rnembcr5 caring for you? verall, how did you feel about ihe length of time you wailed befor¢ attcnding the ospice? ere you involved as much as mu¢h as you wanted to be in deciding what care you ill receiye? Fttdbaek when asked: "What difference does attending Respite make w the qualiry of your life, and to that of your family / friends9" A marvellou8 dEffcrcncc, to myself And family. My time at Scanda Vale hospice has given me space a)d tim¢ to Test and relax away from everyday life which I can find stressful. I fttl recharged and optimistic. it gets me out the house and ¥iv¢s my sist¢r who is carin8 for me a break. It is also wonderful to experienc¢ such high quality care in a fun and friendly environmeni, Very enjoyable. Enonnous. V¢ry helpful to rne and my wlfe. both l and my family can relax more. knowing l and safe and looked after It gave rny wife a break (rom caring for me. It makes a big difference io my life as well as that of my wife while l am away an enormous difference; it gives me something to look forword to. Respite has been a great r¢source for u5 both. In connection and care on a weekly basis and offering monthly respite, very much Deeded and appreciatcd li feels like a good refreshing break with warni understanding people Re5Plte provide5 a safe space for me io just be myself. it improyes my quality of life imm¢asuiably and my family have peace of mind knowing that l am supported so well. It's very useful to us. It gives us a chance to see different F¢opl¢ and for rnyself to talk with others More than usual. It gives my wife a break from caring fijll lim¢. I have a lot of imprtssions from otherpcoplc, which takes time to absorb. Restored and enhanc¢d my faith and love Of life and my fcllow man Allows me to not have to rely on my partner Page 2 Sk%Ld3 Vale H￿pIct CIO Report of the Trustees for the Year Ended 31 December 2024 It enables us to get a break meeting old and new friends gives me a fresh aspect on my problems l am so pleased that l am able to give my wife (and carer, same pcrson) a break from looking after me, and that she is able to trusr the people at the hospice to take care of me. For mysclf. it is good io hc able to make new friends, both among the patients and the staff. I feel rhat the staff do an ama7ing job of getting to know me personally, and to put up with my quirky geocentricisms. I love being called Prof (which is my olTi¢ial titlcl, as it makes me feel respected as an individual. I know thai thc 8tsff are noi expert geoscientistslgcologists, but for the most part I love the way they listen to my little lectures about various topics that interost mc. that makes me feel that my brain is being kept active. allows pcrsonal time without wory, provid¢s widcr social contsct, change of scenery 15 beneficial, compassion and care expericnced is real ￿￿)0st opportunity for wider social interaction. therapie5 in k Caring environrnent it makes mc feel more independent and gives my family a break to do other things It givcs mc a uniqlle change and br¢ak in an ¢nvironment where Care is saf4 kind and genuine. li also give my husband, Nev a break too. Living alonc can bt hard when you ar¢n't l OOQ/o Attending hospice gives me a break away from that, allows m¢ to r¢5t & d¢5tre5s, and over time has helped rne significantly with the emotional aspects of a stage 4 diagnosis. A change of location, n¢w people and more t]￿e to simply relax. All valuable A break frotn hom¢, a change of scenery and more oppornjniry for social interaction Opportunity for ¢hange in routine and for my wif¢ io have time L)ff It ¢nables me and my ¢arers to have a break from each other Attending respite give$ my body and mind A ¢hance to rest and recuperaQ After bouts of infeclion or trealment. It improv¢s my quality of lif¢. no end. For my family and friends, il insures that I'M in a safe Space and they can relax knowing that I'm being looked after. Removes stress The Remote Companion &•ervice The remote companion service remains a small but signifi¢ant aspect of Skanda Vale Flospice's available support, and enrkches the lives of those it is supporting (based on previous fcedback), as well as the positive experience of those employces offcring ihat support. The remote SUPPOrt Service also offers a step-down option for those patients who are not continuing with day hospice following review. or as at) additional service for patients who arc in nc¢d of morc frequent support The averdge number of patients and family members per month benefitting from the support was 8 The tot21 number of sessiot)s was 80 The number of different volunteers providing the sUPPOrt during the period: 4 The number of employed staff providing the support was 6 (this relales to mcdital review, assessmeni and nursing review) The number of new patients was 2 The number of patients discharged was 3 The number of patients dcceascd was 2 Sorne Positive Feedback: 'It is something to look forward io. He is happy with Ix)ih companions who cheerful. It give5 him the feeling that he is not on hi5 own. 'It is colnpany" and if there are any problems or issues he knows he can have a chat." "They are happy with their companion and are looking fonyard to speaking to her. It is nice to have a ehat with someone who is not a friend as she Can have a miian. Thi$ is difficult with friends &s they get bored with it.. 'He is sometimes too tired. Bul on the whol¢ he is happy wilh ihc rernole calls. Good conv¢rsations. Quile refreshing. His companion is caring and knowledgeable. SL)meone to talk to" 'Having access lo the remote companion service rneans that l am noi alone and am getting help. I have a safety nel somebody to talk io, to rnoan to and I feel undersiood. I had a couple of problems recently wherc I was very happy to have rny safety net. I needed to speak urgently to the MS consultant about some important issucs but could not g¢t hold of him. I told my rernote cofftpanion who Tnentioned it to one of the nurses of Skanda Vale h05pice and the problem w&5 solved. Page 3 SkaThda Vale Hospice CIO Report of the Trnsttts for the Year Knded 31 Deeember 2024 I know Iremote companioTh's namel from the hospicc in the days l used to go to daycare. I do rn1￿ the hospice but I undersiand that my condition 15 not serious enough for th¢ Sime king to have acces5 to daycare. "Ipatienvs wifel enjoys having a chat with [rem￿e companion's namel, Ipatientl only says hello. It is nice for her to chal with someone diff¢rent and to bc able to offlo&l" Active Volunteers The 14ospicc had 121 active volunt¢ers throughout the year. Our services are prin￿rIlY led, managed and delivered by our ama7.ing ieam of volunteers in conjunction with our fantastic en]ployed and bank staff. Hybrld Modcl of Staffing We operate a hybrid tnvdel of staffing involving r¢¢rnitment of part time employees to lead roles to act as an anchor and take on responsibility in main operational areas of hospice whilsl also providing consistency, presence in the hospice and an accessible point of contacl and support for their Yolunteer teams. 11LiS provides a stable and sustainable base from which to fulfil our curreni objectives- incr¢a5in8 dutatÉon of respite care service. Planned increase in resplte provision in 2026 We in*nd to use the current surplus re5crve5 to develop this m(Mlel over the few years. It is our intention to increase respite services from the current 4 nights 5 days to 6 nights smd 7 days from the start of 2026. The trustecs have agreed in September 2025 to the budgeted annual InCrea￿d cost of £48,374 to fund this scrvice deyelopmcnt. Establishment of a subsidiary Trading Company Skanda Vale H05pice Trading Limited was rcgi8t¢red a$ a ¢ompany in Novembcr 2023- it is a wholly owned trading subsidiary of Skanda V2lc Hospice. Trrom June 2024, The Company took over all trading operations of the letting block at Sk3nda 112fan which w&$ a non-primary purpose trading activity of the hospicc. In August 2024 the farnihouse at Skanda Ilafan was also added to thc licence agr¢¢Tnent between the Hospice and th¢ trading company. Profits from the new company will bc donated ba¢k annually to the hospice. In 2024 operating profits of £15,681 were generated and these were donated back to the hospice in sEPteM￿r 2025. Finanelal Ovcrvicw Ineome Total Lncome to th¢ h05pir¢ was £ 404.214 in 2024 1)n a par with the 2023 figure of £411,059. The primary sources of income ihTL)ughout the year were th¢ fundrai5ins unit in Skanda Vale Monastcry £154,187,. Skand2 Hafan combined total income £53,542 (r¢ntsl illcome up to June 2024 when operations tnoved to trading CO￿Pany. investment income from farmhous¢ and donated profit from Trading subsidiary) and £42,267 from our charity shop in Newcastle Emlyn including Retail Gift Aid. Expenditure Total expenditure in 2024 was £432.962 an incTcasc from £364,433 in 2023. A significani increase in payroll, cost of living across the board and volunteer expenw ¢laimed all contributed to the increas¢. Purehase of Fixed Assets In total the hospice inv¢sl¢d £23,400 sn the purchase of tangible fixed Asseis. The main elcments of ihis investment were the purchase of 2 specialist mobile recliners for £8580, pressure relief rnatrasses £3534 and Ascom handsets for our care team £3761. Page 4 SkaDda Vale H05piee CIO Report of the Trustees for th¢ YeAr Ended 31 December 2024 InvestmeDts In (kt 2024 the trusle¢5 ratifi¢d a new inv¢5tm¢nt policy and strategy for the hospice. Investll)en¢ Objectives Our investment objectiv¢s are to achi¢v¢ growth and income. We aim io generate sustainable returns that allow us to achieve our charitsble objectives while proieLting the capital value of our inves1￿¢￿t$. The proposed investment platfomi will give access to a range of option5 that should generdte interesl of around 4 / AER in some Cdseb more. Cash The irustres agreed to invesi £450,000 of our cash reserves into the CAF Charity dep051t platforni with Flagstone The platform gives online access to a wide range of over 90 diffeTent a¢wunts (notice and fixed tern)} from over 20 different banks and building societies. Property Curr¢ntty w¢ hav¢ inYe5ted in a property Skanda Trlafan to gcnciate income through a mixture of short tem and longer term l¢ts. Th¢ whole ot the property ha5 now been transferred under liccncc to our wholly owned trdding ¢omp2ny "Skanda Vale Ilospice Trading l.iTnited" The trading Company currently pays £15.000 rent a year to the ¢hariry under lh¢ li¢ence and is under a deed of covenant to donatE 211 its annual profits io thc hospice once a year. Risk Appetite Our charity's risk appe(ite is low. Investing the plaiforni gives us the opportunity to spread the risk of investing our cash across several banks or building socieiics. Thc invesnnents made are all und¢r the FSCS protection threshold of £85,(M)O. This significanily rcduccs the charity's exposure to individual financial institutions collapsing. Funds can only bc movcd inio and oui of the platforni via our nominated account which would be our CAF Bank account. It is not possible to move funds to any other aG¢ount. It is also proposed that we move the farnihouse into the trading company licence. The recent experience with the tenant Ihat defaulred on rent and utilitie5 brought home the advantage of havin¥ d trdding Lompany io ulldertake non primary purpose trading, minimising the risk of losing charity funds a5 part of the trading aeiivity Balancing Investrn¢nt Risk &nd Retur We will tYd14mLe risk and return to achieve our invesimeni objectives. We will seek to achieve our itLvestment goals Ihrough a mix of low-risk investments to achieve a diversified portfolio of investments that suit our needs and genera a moderdie re￿rn. Investment Tlme Horlxon Our investment time horizon 15 mixed depending on th¢ asset. Invrstrnent in Propety 15 long-temi, whilst inYesimeTht in cash in a range of fixed t¢mi and notice accounts will b¢ generally short to TnediuTn temi to ensure liquidity. Liquidity Needs We will ensur¢ that our charity ha5 Sufficient liquidity to meet our financial commitments, including service develop￿¢￿t. We will invest iD liquid assets and masntain an appropriate level of cash reserves to ensure that we can acc¢s5 our money when we need it. We propose to structure our investments thal at any point in time we can respond to a need for liquidity ensuring that at any time thc cash available in ollr c￿￿ent account combined with the fvnds that can bc withdramm from the deposit plarfomi is at l¢ast th¢ ¢quival¢nt of 3 months budg¢t¢d rumiing costs. Page 5 Skanda Vale Hospiee CIO Report ofthe Trustees for the Year Ended 31 Decernber 2024 Reserves Our reserves poli￿ is to retain a minimurn of free reserve5 to cover a rolling twelve months of nll)ning costs at whatever level of service operalion the hospice is al &s wcll &5 factoring in any planned changes in setvice provision oveT ihat period. Current reserves required In our 2025 f]nan¢ial fore¢osE our expenditure forecast for the twelve months to December 2025 is cuThently £440k. A cash reserve of b¢tween £420k and £470k W￿ld be sufficient to retain as an operational reserve foT 2025. Future reserves required As we move into 2026 with the plgnned increase in respite provision we anticipale our budgeted expenditure will be in the region of £490k. A cash reserve of beNeen 470k and £520k would be sufficient as an op¢rntion r¢s¢rv¢ for 2026. Reserves surplus to this enable the charity to invest in a range of fixed assets and to provid¢ a buff¢r ¢nabling sustainable increases in service delivery whilst developing a rang¢ of div¢r5¢ iII¢QTll¢ 5tr¢wns to fund the hvspi¢¢. Actual ¢ash reserve availabl¢ at year end 2024.. £605,356 Struclure, Managemertt and Covtrnallct The Board ofTrnstees The Board meets quarterly and is responsible for the stra(egic direction and governance of the Charity. The Registered Manager is invited to update the board on Charity activity but has no voting rights. Chair of Trustees and Responsible Individual Brother Michael Begley is named as Responsible Individual for regulalory purposes and is responsible for the strategic development of the 5erYice. A5 Chair of Trustees, he is also responsible for cnsuring thc Charity reaches its income generation target4 whi15t oyerseeing fundraising and expenditllre activity. He is rcsponsiblc for ensuring the Charity has sufficient rcscrvcs, and balancing fixed costs against thc security of its incomcs. 'I'he Chair of 'l'rnsttts has responsibility for balancing the strategic direction of the Charlty with financial opporMnitlC5 and constraints. Hospice Registered MaNHger Brother Jakob Willi was appointed Hospice Registered Manager in October 2020. He is responsible for operalional day-to-day management of the hospice service. He ensures compliance with legislation and fundamental quality 5tandard5 across our regulated activities, as a palliative care service provid¢r register¢d w&th Health Lnspectordle Wales. The Senior Management Comrnittee (SMC) The SMC has delegated powers frorn the trustees to oversee all operational 2Ctivities of the hospi¢e. The team comprises the Chair of Tru5tee5, the Hospice Regi51ered Mznager, the Head of Care Services, Head of Finance, Head of Operations and Head of People and Lommunications. 'llJe Committee meet5 every two weeks and reports to the board of tn]5tees quarterly. The current membvs of the SMC atr." Brother Michael Bcgley.. rother Jakob Willi.. Tina Sievens.. Aquila Muir.. Mukesh Makhetha: Elliot Muir= Chair and Head of Finance Registered Manager and interim Head of People Head of Care Dcltvcry Hcad of Opcrations Development Projccis Lcod, People Team Head of Communications Page 6 Skanda Vale Hospiee CIO Report of Ihe Trustees ror the Year Ended 31 Dcccmber 2024 Partner oryanisations The hospice project was established and run by the Skanda Vale rnonaslic ¢ommunity, known &$ The Community of the Many Names of God. {CMNOG registered charity number 511166) between 1993 and 2016. In March 2016 a ncw chariry was incorporated as 'Skanda Vale Ilospice Charitable Inco￿orated Organi$ation' (SVH CIO) and registered in July 2016 with Health InspectOTaÉe Wales to take over the operntional runniDg of the Hospice. We retain thc & pl]￿lmS to Ats temples every year. fri)m all over the UK and abroad. Pilgrims d(TrTLat¢ io support the hospic¢ projecl uffering SVH CIO a wide and sustainable sUPPOrt¢r base. We are hugely gr&i¢ful to th¢ir ongoing supwrt. Skanda Vale Hospice Tradin8 Limited (regkstered on 23rd November 2023 at companies house a5 a privat¢ limited company Ilmiied by shares 15305682) is the wholly owned trading subsidiary of Skanda Vale Hospic¢ CIO. Administrative Details Registered Charity Number.. 1166180 Registered Address: Skanda Vale Hospice CIO Saron, Llandy5uI. Cannarth¢nshire, SA44 5DY Board of Trustees Michael Begley Ichairnian) Justin Raymond Barkcr Saskia Kraft Elliot Muir Mukesh Makhecha Clare fryer Annemarie Willi-Nebiker Htk)Ith Care Insptctorale Wales (HIW) Registratlon Registration Number and Dale.. HIW100360 Registered 27th July 2016 Responsible Person- Michael Begley RegK%tered Man4g¢r-. Brother Jakob Willi A¢￿u￿¢￿Trts'. A5hmol¢ & Co.Th¢ Old School, The Quay. Carniarthen. SA313LN Bank¢rs- CAF Bank Ltd. Kings Hill, W¢st Malling, Ken4 ME19 4TA Insurante brokers.. Heitle Andrews, Eleven BriThdley Place, 2 Brnnswick Square, Birniingham, Bl 2LP Solleitors.. Stone King, 13 Queen Stree¢ Bath, BAI 2HJ Page 7 Skanda Vale Hospice CIO Report ofthe Trnstee5 for the Year Fnded 31 December 2024 Risk MAnagement -l.hc irustecs of Skanda Vale Hospice acknowledge their responsibility for maintaining a robust risk mana¥ement framcwork. Risks are primarily identified through the incident reporting process, ensuring that any advcr5c events or potcntial threats are captured. Additionally. risk a55es.%ments are carried out when new projects or endeavours are initiated, allowing for early identification and mitigation of poteniial issues. Once identified. iisks are martagcd within the relevant departments, overseen by department heaits and designated leads. These individuals ensure that risks are properly assessed, d0cUrnentc￿ and addressed. Operationally, the Senior Management Committee Tnonitors ihe progress of mitigating actions on a fortnightly basis. ensuring that timely inlerventions ar¢ made whcrc necessary. The frequency of risk r¢vi¢ws by department heads is deiemiin¢d by the severity and scoring of cach risK enguring that higher-risk issues receiv¢ appropriate aitention. On a quartcrly basis, risks are reported to the Quality Assurance Committee, where they are revi¢wed for quality improvelnent and otEanisauonal learning. The Quality Assurance Committee then compiles a risk report, which is presented to the Board of Trustees. Providing assuranLe that the chariry's risk management proc¢sses are functioning effectively and in line with best p￿tiC¢s. This structured approach ensures that risk5 are contiriuou51y managed and that trustees bave full visibility of ihe charity's risk profde. Trustees, resPOll5ibililies in relation to the finanefral stalernents The law applicable ¢0 charities in England and WaIes requires th¢ trustee5 to prepare financial statements for each finun¢ial year which give a true and fair view of the charity's financial actTvities during the year and of its financial PQSLlion at the end of the year. In preparing f￿ancial stat¢rn¢nt5 giving a true and fair view, the trusttts should follow best practice and.. Select suitable a¢counting policies and then apply them consistently> Make judgements and estimatC5 that are reasonable and pNdent' State whether applicablc accounting standards and stalements of recomm¢nd¢d pradir¢ hav¢ been followed. subject to any departures disclosed and explained in the fjnancial statements and,. P￿Pare th¢ financial statements on the going concern basis unless it is inappropriate to presume that thc charity will Continue in operation. The trustces are responsible for keeping accounting records which di5¢105¢ with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of thc charity and which enable them io ensure that thc financial s(atements comply with the Charities Act 2011, the Charity (Atcounts and Reports) Rcgulation5 and the provisions of the trust deed. The trustees arc responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detcction of fraud and other i￿egular1tIes. The tN5tees are responsible for the mainlenanc¢ and integrity of the corpordie and financia] inforniation included on the charity's website. Legislation in th¢ Unsted Kingdom governing the preparation and dissemination of financial statements may differ from legislation in othcr jurisdictions. ObJeets The objects of the CIO ar¢ for th¢ publi¢ b¢n¢fit.' To r¢li¢v¢ th¢ sickness and suffering and io promote the spiritual well-being of persons of all ages requirllig palliative. speeialist and medical care by providing and assisting in the Provision of home care, hospice care and holistic therapy for Trx)th day patients and resident patients with a service primarily led, managed and delivered by people acting voluntsrily. and To: 2.1 R¢li¢v¢ the needs by reasons of age, ill health, disability. financial hardship or other di5tre5s of,. and 2.2 Protect the health and wellbeing of the families, parn)ers, dependents and those caring for persons requiring palliative, specialist at]d medical care by the provision of financial> practical and other support and counselling. Page 8 Skanda Vale Hospiet CIO Report of the Tru5tee5 for the Year Ended 31 December 2024 Eligibility for tru5tee5bip 3. Every charity tnjstee must be a natural person. 4. No individual m&*y be appointed as a charily trustee of th¢ CIO.. (i) ifhe or she is under ihe age of16 years,. or (li} If he or she would automatically c¢as¢ ¢0 hold o￿lCe under the provisions of clause 12(1) {e) of this constitution. 5. No one is entiiled to act as a charity trustee whether ¢)n appointm¢nt or on any re-appoiniment until he or she has expressly acknowledged, in whatever way the charity trustees d¢rtd¢, his or her acceptance of the office of charity Irustee. 6. At l¢a$t on¢ of the trust¢¢s of th¢ CIO must be 18 years of age or over. If ¢h¢re is no trust¢¢ least 18 y¢ars, th¢ re￿aIning tnLStees may only act to call a meeting of th¢ charity trus¢e¢s, vr appoint a n¢w charity tru5t¢¢. Re¢ruitJnen¢ of New Trustees The trnstees look to reernit new trustees to the knard who are able to actively cornmit to participating in ¢h¢ administration of thc charity and who demonstrdte a keen interest in the charity's affairs. The trustees aim to have o broad range of skill sets and combination of lif¢ and work ¢xperi¢nce represented on the board that is relevant to the operdiion of the charity. Trnstees are r¢¢ruil¢d through per50nal recommendation of any of the existing board members on an equal opportunity basis. N¢tmber of charlty trustees 7. There should be the following charity trustees: (i) l Ex-OITJcio Trustee appointed in accordance with Clause 10(I)' {ii) 2 Life Trustees appointed in accordance with clause 10(2)- (iii) Nol more than 4 Nominated Tru5tee5 appoinled in accordance with clause 10(3)' and (iv) Not more than 6 Appointed Tru5te¢5 appoin¢¢d in accord41nce with clause 10(4). 8. Th¢rc Must bc at l¢a5t 3 charity trustees and at all times the majoriry of ihe chariry trustees must be Monasti¢ Tw5t¢cs. Jf thc numbcr fall.% bc- low this minimum, or docs not meei ihesc criteria. the remaining charity trustee or charity trustees may act only to call a meeiing of ihe chariry Irustees. or appoint a new charity trustee. 9.The maximum numbcr of charity trusiecs thai can be appointed ts as provided in su&clause (a) of this ¢laus¢. No tru5tcc appointmcnt may be Tnade in excess of these provisions. Ex officio Trnstce 10. The Chairnian of the Monastic Community Charity for the tirne b¢ing shall autOTnatically, cx-officio, subject to clause 12 of this ¢on.stitution bc a charity tnJstc¢. for a5 long as hc or shc holds that office (the"Ex-Offi¢io Trustee"). I l. If unwilling to act as a charity trustee, the Ex-officio Trustee may.. (i)Elefore accepting appointment as a charity trustee, give notice in writing io the trustcc$ of his or h¢r unwillingness to that capacity; or (ii)After actepting appointment Is a charity trustee, resign under the provisions contained in clause 12 (Retirern¢nt and removal of ehariry trustees} of this constitution. 12.The office of Ex-officio TTU5teE will then remain vacant until the individual ceases to hold office as the Chairnian of the Monastic Lommunity Charity. Life Trustees 13.The Monastic Community Charity may appoint 2 members of the Mo- na5tiC CommU￿7ty to be charity trnstees (the "l.if¢ Trustees"). 14.Any appointment Tfiu5t bc madE at a Tneeting held according to the ordinary practice of the Monastic Community Charily. l5.SubjecÉ to clause 12 of this constitution, each appointment of a Life T)ustee shall be for so long as the individual appointed remains a member of the Monastic Community. Page 9 Indtpendellt Examiner's Report to the Trustee5 or Sk•Dd¥ Vale H05Ptee CIO Independent examiner's report to the Iruslees of Skxnda Vale Hospice CIO ('the Company,) I report to the tharity tTUStees on my examIn￿10n of the accounts olthe Charity for the year ended 31 Deccmber2024. Re5pon5ibili¢ies and basis of rtport A5 the charity's trustees you are responsible for the preparati{￿ of the aCc￿nts in accordance with the reqU1￿ments of the Charities Acl 2011 (Ihe 2011 Act). Having satisfied myself thai the accounts of the Charity are not required io be audited under the Charities Act 2011 und are eligible for independeni examinaiion. I reprt in respeth of my exatnknation of your charity5 accounts as &iTri¢d ou¢ under Section 145 of the Charities ACT 2011 (Ihe 2011 Acf). In carying out my ¢xamination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Indeptndent examiner's statewent Since your charity's gross income excecded £250.000 yow examiner must ￿ a rn¢mber of a listed body. I can confimi that l am qualified to undetttke the examination beca￿8¢ l am a member of the Association of Chartered Ccrtifi¢d Accounlants, which is one of the listed bodies. E have completed rny ¢xaminati¢)n. I confim] that no matters have comc lo my attention in connection with the examination giving me cause to b¢li¢ve.' accouniing recor&8 wert not kept in rcstKth of the Charity as required by Seciion 130 of the 2011 Aci. or the accounts do noi accord with ih(&se records: or the accounts do noi comply with the accounting r4uiTemeniS of the 2011 Aci other than any requirement that Ihc accounts give a true &nd fair view which is not a matter Consider￿ as part of an independent examinaiion,. or thc accounis havc noi been prLpared Èn accordance waih the methods and principles of the Statemeni of Recomrncndcd Praciice for accounting and rerA)rting by thariiies (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come a￿sS no other matters ￿ conneaion with the exarninali(Trn to which attcntion should be drawn in this report in order to enable a proper underswiding of the accounts to be reathed. Mr D.M.T ould B.A (Hons). F.C.CA The A5wciation of Chartered Certifked Accowiiants Ashmole and Co. Williamsion Hous¢ 7 Goat Street Haverfordwest Pcmbrokeshire SA61 IPX 21_ 1) ".JoJr Pag¢ll Skanda V41¢ Hospite CIO Statement of Fin8neial Activitics for the Year Ended 31 Deeember 2024 31.12.24 Total funds 31.12.23 Total nd5 Unrestrlcted funds Restrirted funds Notes INCOME AND ENDOWMENTS FROM Donations and lega¢i¢s 292,249 292,249 273.359 Charitabk actiYitie5 Hospice 6,810 Other trading activities Investment inci)rne Other incorne 105,076 6,889 105,076 6,889 116,624 10,751 Totkl 404214 411059 EXPENDITURE ON Raising funds 61,973 61.973 60,294 Charitable Activltits Hospice Skanda Hafan 365,093 5,416 480 370,509 480 303,659 480 Total 432 962 364 433 NET INCOMF.I(F.XPENDITURE) (22,852) {5,896) {28,748) 46,626 RECONCILIATION OF FUNDS Toral lund5 brought fotiyard 914,478 628,085 1,542,563 1,495,937 TOTAL FUNDS CARRIED FORWARD 891626 622 189 1513 815 1542 563 The notes forni part of these fmancial statements Pag¢ 12 SkaDda Vale Hospice CIO Balance Sheet 31 Dtcember 2024 31.12.24 Total runds 31.12.23 Tolal funds Unresiri¢ted fund5 liestri¢t¢d fullds Notes FIXED ASSETS -Fangible assets lrtvestments Investments Inveslment property 13 294,330 55,885 350.215 857,989 14 15 8,575 8,575 8,575 490 588 302,905 546,473 849.378 866,564 CURRENT ASSETS Stocks D¢btors C&%h ai bank and in hand 16 17 27.447 42,881 529.640 27,447 42,881 605 356 35,635 71,274 584 729 599.968 75,716 675,684 691,638 CREDITORS Amounts falling due within one year (11,247) (11247) (15,639) NET CURRENT ASSETS 675 999 TOTAL ASSETS LESS CURRENT LIABILITIES 891.626 622,189 1,513,815 1,542,563 NET ASSETS 891.626 622,189 1513 815 1542 563 FUNDS Unrestricted funds Restricted ￿ndS 19 891,626 622,189 914,478 628 085 TOTAL FUNDS 1513 815 1542.563 The notes forni part of these financial statements Page 13 continued... Skanda Vale Hospice CIO CAsh Flow Statement for the Year Ended 31 Deeember 2024 31.12.24 31.12.23 Noles Cash flows from operating actRvities Cash generated from operations 21 42,844 Net cash prowided by operating aetivilies Cash tlows frorn Rnyesting aetivities Purchase of tangible fixed assets Purchase of fixed assei invesmients Sale of tangible fixed &gsets Interest received (23,4￿) (87.072) (8,575) 27,728 cash used in investing aciiviiies Change in cash 8Dd cash equivaknts i the reporting period Cash and cash equivalent$ at the beginning of the reporting period 20.627 19,158 565 571 Cash and cash equivalent5 at the eDd or Ihe reportin% period 605 356 584 729 The notes fom) part of these flnancial statements Page 15 Skanda Vale Hospice CIO Note5 to the FiThaneial Statements for the Y￿r Ended 31 December 2024 AccouTrrfiNG POLICIES Basis of preparing the financial 5tstemeNts The financial statements of the charitable incorpordted organisation. which is a public benefit cniity under FRS 102, have been pr¢par¢d in accordance with the charities SORP (FRS 102) 'Acwllnting and Reporting by Charities.. Stalement of ReroTnmEnded Practice applicable to charities preparing their accounts in accordance Wlth the Financial ReportiTLg Standard applicablc in the UK and Republic of TrelÈnd (FRS 102) (effecuve I January 2015),. Financial Reporting Standard 102 The Financial Reporting StandArd applicable in the UK and Republic of Ireland, and the Charitics Act 201 l. The financial statements have been prepared under The historic cost Convention. Income Incoming re50urce5 to thc Charity are rccognised when they are received. A¢¢rued incoming resources are recognised in the accounts when ¢onditions for receipt have been m¢t,' entitlemeni certainty and me&sur¢ment. F.xpenditure Liabilities are recognised as expenditure ￿ soon as theTe is a l¢gal or constrn¢tiv¢ obligalion cotnrnilling the charity io that expendilure, it 15 probable that a transfer of e¢onomic benefits will be required in 5ettlernent and the ami)unt of the obligation can be rne￿ured reliably. Expenditure is accounted for on an accru2ls basis and has been classified under headings thal aggregate all ¢ost r¢lated io the category. Where costs cannot be directly allributed to particular heiiijings they have been allo¢at¢d to activities on a basis consisient with the use of resources. Allocation and apportionment of eosts Costs have been allocated as far as possible between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Cosls relating to a particular activity ar¢ allocated directly. oihers have been apportioned ba5¢d on the estimaled usage of the resource. The ￿l1¢Y for including ilems within "Other Expenditure. in the SOFA is to include all expendityrc on supp(Trrt and governdnce costs of the managetnent of the ¢hariLies #ssets and operations and compliancc with constitutional and Statutory requirements. Support Costs havc been Calculated on the following basis- Electricity: Water,. Ground5 Maintenance; Building Maintenat)¢e' Insurance. Gas and Biomass 15 /0 of total Hospir¢ costs based on fl￿r area of Admin block 140m2 10 main hospicc care block 790m2 Catering and Waste 2￿/0 of annual costs bssed on numbers of staff involved in support roltt as overall percentage of staff and patient5 Catered for. Telephone and Broadband and Stationary, Postage and Office SOY• of costs based on approximate usage in support roles Voluntcer ¢XF¢nses IOO/• based on estimated expenses of volunteers working in suppon roles Vehicles (Including insurance, maintenance, tax, tnot and fuel) 65 /• b&8ed on average monthly usage by staff of vehi¢les for support roles. Governance costs include all audit, l¢gal and professional fees relllted to the rnat]a8emeni of the charities assets and Compliance with ¢onstiWtional and statutory requirements. Tangible fixed as$¢ts D¢pre¢iation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful life or, if held under a f]nance leL%e, over the lease tem], whichever is thc shorter. Freehold propety & improvements to . 20/0 Straight line from dat grounds & buildings the asset is brought into u Page 16 continued... Skanda Vale H05pice CIO Notes to the FI￿an¢i#l Statements- continued for the Ye8r Ended 31 Deeember 2024 ACCOUNTINC POLICIES- eontinued Tanglble flxed assets Plani, machinery & equipment Computer. IT & otrice Fumiiure & fixlures Motor vehicle5 Sofrnvare IOfj/• Reducing balance 20Q/• Strdighi line IOQ/o Reducing balance 200/0 Reducing balance 200/0 Straighi line Investmemt property Investment property is shown at most recent valuation. Any aggtegate surplus or deficit a175ing from ¢hange5 in fair value 15 recognised in the Statement of Financial Activiiies. Stocks Stocks are valued at the lower of cost and net realisabl¢ valu¢, aftcr making due allowance for obsoletc and slow moving items. Taxation The charity is exempt from COr￿)ration tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with th¢ charitablc objectives ai th¢ discretion of th¢ irusiees. Restricted funds can only be used for particular restricted purposes Within the objects of th¢ ¢harity. Restrictions arise when specified by the donor or when funds are Tais¢d for particular restric￿ purposes. FL￿her explanation of the nature and purpose of ffach fund 15 in¢luded in the no*$ to th¢ fmancial statements. Pension costs ani5 other posl-relirement benefits Pension conrributions payabl¢ by the charity are charg¢d ¢0 th¢ Staterncnt of Financial Activktie5 in thE period to which they relat¢. Pre5entgtion C￿rrenCY The reporting currency is steTling. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Gift aid Fundraising events 236,848 3,459 253,848 9,527 292 249 273 359 OTHER TRADINC ACTIVITIES 31.12.24 31.12.23 N.C.E Shop income Etsy & online shop Reiail gift aid income Rental income Skanda Hafen her income Skanda Hafen VAT refvnd income 40,073 1,662 2,194 32,155 200 41,722 734 4,454 55,476 2,421 105.076 116624 Page 17 coniinued... Skandg Vale Hospice CIO Notes to the Financial Statcmcnts- ¢ontirtued for the Year Endtd 31 Deecmber 2024 INVEsfMENT INCOME 31.12.24 31.12.23 Farmhouse rental income (long temi lets) Dcposit account interest 5,706 9,631 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity Hospice Grants Grants re￿ived, included in the above, are as follows: 31.12.24 31.12.23 Chia Masonic Grdnt RAISING FUNDS RAising donations a￿d leR#cies 31.12.24 31.12.23 Fundrnising cxpenditure Fulldraising stock 4,836 2,482 Other tradin¥ activities 31.12.24 31.12.23 N.c.￿ Shop utilities & maintenance F.tsy & online shop costs Skanda l.laf¢n other expenses Skanda Elafen utiliiies Depreciation 7,909 278 13,956 7,036 6,343 332 22,297 11.376 2.790 43.138 Aggregate amounts 61,973 Page 18 Continued... Skanda Vale Hospice CIO Notes lo the Financial St¥¢¢m¢nts- ¢ontlnued ror the Year Ended 31 December 2024 CHARITAIILE ACTIVITIES COSTS Support costs (see note 8) Dir¢ct Costs Totals Hospice Skanda Hafan 309.190 480 61,319 370,509 480 309,670 61.319 370.989 SUPPORT COSTS Governance costs Managemeni Tots]s Hospice NF.T INCOMEI(FXPF.NDITURF.) Net income/(expenditure) is stated after charging/(crediting)'. 31.12.24 31.12.23 Depreciation - owned assets Surplus on disposal of f￿ed assets 40,586 42,150 io. TRUSTEES, REMUNERATION AND BENEFITS There were no tnjsiees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 De￿rnb¢r 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 Dcccmber 2023. STAFF COSTS 31.12.24 31.12.23 Wage5 and salaries Social security costs Other pen510ll Costs 157.041 3,571 106,696 236 162.591 108,561 The average monthly number of employees during the year was as follows-. 31.12.24 17 31.12.23 Clinical Administration Household 20 No employees received emoluments in ex¢¢ss of £60.000. Page 19 colltinued... Skanda Vale Hospice CIO Note5 to the Financial Staternents- conttnued for the Year Ended 31 Deeember 2024 12. COMPARATIVF.S FOR THE STATEMF.NT OF FINANCIAL ACTIVJTIES Unrestricted funds R¢5trided funds Total funds INCOME AND ENDOWMENTS FROM Donations artd legacies 273,359 273,359 Charitable aetivities Hospice 6.810 6,810 Other trading a¢tivities Inv¢stment in¢ome Other income 116,624 10,751 116.624 10.751 Totsl 404.249 411059 EXPF.NDITURE ON Raising fund5 60,294 60,294 Charitable activities Hospice Skanda Hafan 291,302 12,357 480 303.659 480 Tot•1 351.596 364 433 NET INCOMEI(EXPENDITURE) 52,653 (6,027) 46,626 REcof44CILIATION OV FUNDS 'lotal funds brought forward 861.825 634,112 1,495,937 TOTAL FUNDS CARRIED FORWARD 914478 628,085 1542 563 Page 20 eontinued... Skanda Valt Hospice CIO Notes to the Financial StAttments- eontinued for the Y¢&r Ended 31 Dttember 2024 13. TANGIBLF. FIXFD ASSF.TS Improvements to property Fr¢¢hold property Plant and machintry COST At l January 2024 Additions Reclassification 490.588 152.961 110,708 490 588) At 31 D¢¢¢mber 2024 152961 110708 DEPRECIATION At l January 2024 Charge for year 9.496 52,005 At 31 r)ecember 2024 57.272 NET BOOK VALUE At 31 Ikcember 2024 140 405 At 31 December 2023 490 588 143 465 Fixmres Motor vehicles Cornputer equipment fittings Totals COST At l January 2024 Additions Reclassification 112,108 18,678 100,475 147,714 4,722 1,114,554 23,400 490 588) At 31 De¢¢mber 2024 130786 100475 152 436 DkPRLCIAI"ION At l J4￿uary 2024 Charg¢ fvr year 49,704 25,900 119,460 256,565 At 31 DpK¢mbcr 2Q24 56.546 40.815 297 151 P4FT BOOK VALUE At 31 DKember 2024 59,660 35n215 Ai 31 December 2023 857.989 The organisation has received grani funding to assist wilh th¢ purchase of its Skanda Haven propety. 'fhe nding body has been provided with a legal charge over this property in accordance with the temis of the runding agreemenl. Page21 continued... SkaTrda V3le Hospice CIO Notes to the Financial Statements- eontinued fnr the Ve*r Ended 31 De£ember 2024 14. FIXED ASSF.T INVESTMENTS Shares in group und¢rtaking5 MARKET VALUE At l January 2024 and 31 Dcccmber 2024 NF.T BOOK VALUE At 31 D¢¢¢Jnber 2024 8.575 At 31 Dccember 2023 There were no investment a55ets outside th¢ UK. 15. INVESTMENT PROPF.RTY FAIR VALUE Recla55ification 490 588 At 31 DeceTnber 2024 490 588 NET BOOK VALUE At 31 December 2024 490 588 At 31 Deccmbcr 2023 16. STOCKS 31.12.24 31.12.23 Siocks 17. DEBTORS: AMOUNTS FALLINCI DUF WITHIN ONE YEAR 31.12.24 31.12.23 Amounts owed by group undertakings Other debiors Prcpayrnents 15,681 23.955 3.245 67.338 Page 22 continued... SkAnd4 Vale Hospice CIO Notes to the Fin8ncial Statements- continued for Ihe Year F.nded 31 December 2024 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Oth¢r creditor5 Accrned expenses 7,671 12,249 19. MOVEMENT IN FUNDS Net movemcnt in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund Skanda Hafan 798.476 116002 (37218) 14.366 761.258 130.368 914,478 (22,852) 891,626 Restrieted funds H05pice restricted Skanda Hafan restricted 45,539 582 546 (5.416) 480 40.123 582,066 628,085 5.896 622 189 TOTAL FUNDS 1,542,563 28,748) 1513 815 Net movement in funds. included in the above are as follows: Incoming resources Resour¢es ¢xp¢ndod Movcment in ￿lld5 Unrestricted funds General fund Skanda IIafan 366,153 {403,371) 23.695 (37,218) 14.366 404,214 (427,066) (22,852) Restrieted funds 14ospice restricted Skanda IIafan restricted (5,416) (5,416) TOTAL FUNDS 404214 432 962) 28 748) Page 23 continued... Skanda Vale Hospi¢¢ CIO Notes lo the Financlal Statements- Continued for the Year Ended 31 Deeember 2024 19. MOVEMENT IN FUNDS- continued Comp&ratives for movement in funds Net movcment in funds At 31.12.23 At 1.1.23 Unrestricted funds Generdl fund Skanda Hafatt 776,888 21.588 798,476 116002 861,825 52,653 914,478 Restricted fund5 Hospicc restricted Skanda Hafan restricted 51,086 583 026 {5.547) 480 45.539 582 546 634 112 6.027 628.085 TOTAL FUNDS 1495 937 542 563 Comparalive net movernent in funds, included in the above are as follows: Incoming resources Resourc¢s expcnded Mov¢m¢nt in funds Unrestricted funds General fund Skallda Hafan 336,721 67,528 (315,133) 36 463) 21,588 404249 (351,596) 32,653 Restritted funds Hospice restricted Skanda Hafan restricted 6,810 112,357) 480 (5,547) TOTAL FUNDS 411059 Page 24 continued... Skanda Vale Hospice CIO Notes ¢0 the FinaRcial Statements- continued for the Ycar Ended 31 D¢¢¢mber 2024 19. MoVEMEr￿r Ir4 FUNDS- continued A current year 12 months and prior y¢ar12 month5 Combined wsition 15 as follows: Net movement in funds At 31.12.24 At 1.1.23 Unrestrieted funds G¢n¢ral fvnd Skanda Hafan 776,888 {15.630) 45.431 761,258 130.368 861,825 29,801 891,026 Restrleted funds Ilospice r¢strirted Skanda Hard￿ rc5trictcd 51,086 583 026 (10,963) 960 40,123 634112 622 189 TOTAL FUNDS 1495 937 1513 815 A current year 12 months and prior year 12 months combined net movement Èn fvnds, included in the above are as follows.. Incoming rcsources Rcsources cxpcnded Movement in funds Unre$tri¢t¢d fund5 eneral fund Skanda Ilafan 702,874 105,589 (718,504) 60 158) (15,630) 808,463 (778,662) 29,801 Restricted funds Hospice restricted Skanda Hafan restricted 6.810 {17,773) 960 (10,963) 18733) TOTAL FUNDS 815273 797 395) 20. RELATED PARTY DISCLOSURES There were no related patry transactions for the endcd 31 Dc¢embcr 2024. Page 25 continuEd... Skanda Vale Hospice CIO Notes to the Financial Statements- continued for the Ye4r Ended 31 December 2024 21. RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NF.T CASH FLOW FROM OPERATING ACYIVITIES 31.12.24 31.12.23 Net (expenditureyincome for the reporting period (as per the Statement of FI￿anCial A¢tivities) Adjustments for: Depreciation charges Profil on disposal of fixed assets Interest rcceived Decrea5cI(irtcrease) in stocks D¢creasc in debtors (Decrc&seyirtcreasc in credito (28,748) 46,626 40,586 42.150 (3,409) (1,120) (25,027) 21,399 (1,183) 8,188 28,393 Net cash provided by opcrations 42.844 22. ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At31.12.24 Net cash Cash at bank and in hand 605 356 605 356 Totsl 605 356 23. FUNDS Skanda Hafan- Designated ￿nd Funds have been allocated to develop a¢coTnmodation at the property. Skanda Ilafan- Restricted ￿nd The fund was established in 2019 following the receipt of granl moni¢s to assisi with the purchase of the Skanda Haven property. 24. SU&SIDIARY UNDERTAKINGS 'the Charty holds th¢ entirc issued share capital of l Ordinary shaTe of £1 each in Skanda Vale H05pice Trnding Limited, a company incorporated in England and Wales, Company number 15305682. The Charity acquired the Trading subsidiary on 23rd November 2023. Skanda Vale Hospice Trading Limited undertakes th¢ Tenta15 of Skanda Hafen. A summary of the trading results ar¢ Shown below. Year Ended Summary profit Xnd Ios5 aceouNt: 31.12.24 Income Cost of Sales 46,275 (46,275) Profit for the financial period The a55¢ts and liAbilitle$ of the subsldlary were: Fix¢d assets Current assets Cltditors 678 16,823 Aggregale share capital and reserves Page 26 SkandH Vale H05pice CIO Detgil¢d StateTNent of Financial Activitie5 for the Year F.nded 31 D¢cember 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donations legaeie5 Donation5 Gift aid Fundraising events 236,848 3,459 253,848 9,527 9.984 292,249 273,359 Other trnding activities N.C.E Shop incomc Cisy & online shop Retail gift aid ineome Rental income Skanda Hafen Other income Skanda Hafen VAT refund income 40,073 1,662 2,194 32.155 200 28.792 41.722 734 4,454 55,476 2.421 11.817 105.076 116,624 Investment income Farnihouse renral income (long tem) lets) Dcposit account interest 5,706 9,631 6,889 10,751 Charitable activities Grants 6.810 Other income Gain on sale of tangible fixed a5set5 3.515 Total ineoming resourees 404,214 411,059 EXPENDITURE Raising don&tions 8nd legacies Fundraising expenditure Fundrdising stock 4,836 2,482 30,091 17.156 Olher trAding Aetiviti¢s N.C.E Shop utilities & MaIn￿nance Et$y & online shop costs Skanda Haf¢n other expenses Skanda Hafen utilitA¢s Depreciation of tangible f￿ed assets 7,909 278 13.956 7,036 6,343 332 22.297 11,376 31,882 43.138 Thi5 page does not fotin part of the statutory finartcial statements Page 27 Skanda VAle Hospice CIO Detsiled Statement of Financial Activities for the Yewr Ended 31 December 2024 31.12.24 31.12.23 Otber tradi￿% gctivitie5 Charitsble activities Wages Social sccurity Pensions Rales and water Insurance Light alld heat Tclcphon¢ P051age and ststionery Catering Patiet)t care Housekeeping & cleaning Equipmeni maint¢nan¢¢ W4ts(e disposal Grounds mainlenan¢e Buslding mainlenAn¢e Mibc fixtures & fittings Setvice promotion Volunteer ¢xp¢n5eS S¢arrclothin8 Staff trdinillbj & education Llank fee5 Card fee5 Vehicle insurance V¢hicle tax & maintcnance Vehicle fuel Vehicle hire costs Miscellaneous Expendittire Profcssional fees Depreciation of tangible fixed asset5 l.oss on sale of tangible fixed assets 157,(Hl 3,571 1,979 1,774 8,880 14,011 3,878 1,201 6,802 1,942 2,697 24.251 106,696 236 1.629 1.182 11,243 11,386 3.104 726 5.915 1.863 2,324 19,109 512 2,669 6,514 1,828 3,467 17,052 493 4,222 834 1,970 850 639 112 42 402 15,324 39,360 106 5,145 12.782 3.024 ,012 13.329 2,120 634 236 715 695 768 94 37.883 309.670 261.809 Support Costs Managernent RaTrs and water Admin vehicles costs OITice admin overheads Admin sofiware & web costs 3,755 4,044 8,722 2,994 2,972 6,701 42,746 21,546 Coverngn¢e ¢o$ts Licence5, Statutory & admin Examiner ¢0sts A¢countJncy fees Le￿8] feel Governance prof & Consultancy 602 2,216 1,360 5,843 559 2,274 1,350 18,573 20,784 This pag¢ does not form part of the stptutory financial statements Page 28 Skanda Vale Hospiet CIO Detailed Stal¢rnent of Finaneial Activities for the Ye8r Ended 31 Deecmbcr 2024 31.12.24 31.12.23 Totsl resources expended 432 962 364.433 Net {eypenditllre)lincorne 28.748) This Page does not fomi part of the statutory financia] statcments Page 29