Registered number. 09832765 Charity number: 1166579 PRISCILLA BACON HOSPICE CHARITY (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Illlllllllllll 'AF620PUJ• 11107ri026 A07
PRISCILLA BACON HOSPICE CHARITY IA Company limiled by guarnnte•} CONTENTS Page Reference and administrative details of the Charity. its Trustee8 and advi Chalrn)an's slatement Tru$ts•s' report Independent auditots. r•port on the financial statements Consolidated sLthment of financial activities 10-13 14 Consolidated balance sheot 15 Charity balanc• she•t Consolidated sLitement of cash flows 16 17 Notes to the finan¢i•l staternents 18-36
PRISCILLA BACON HOSPICE CHARITY IA ¢ompany limited by guarantse) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2025 Trustees Lady Bacon Andrew Bames MBE Kristian Bch¥les MBE James Ellis (apFointed 30 September 2025) Anna Dugdale Ireggrw 20 May 20251 Philip Gomiley lapwinled 24 November 20241 Peter Joyner Mark Pr¢)r Juslin Ripman Linda Roberts Company reglstered number 09832765 Charity rogi$teved number 1166579 Rfjglsterod offi¢0 Priscilla Bacon Lodge Century Pla Colney NcThwch Norfolk NR4 7YA Cheif Executive Feam Hambling Ind•p•nd¢nt auditorn Lathing Gowen LLP Chartered Accounlants 1st Floor ProsFert House Rouen Road Norwich NR1 1RE BankerB National Westminster Bank PLC 36 Sl Andre4V Square Edinburgh United Kingth) EH2 2YB Solicito Leathes Prior 74 The Clo Nor%¥ich NR14DR Page 1
PRISCILLA BACON HOSPICE CHARtrY IA company limlled by guarnntee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2025 The chaimian presenls his emenl for Ihe year. l am pleased to present the Trustees. Annual Rep)rt and FinarKral Statements of Prisulla Bacon Holee Charity for the year endèd 31 Oetcthr 2025. Thi5 year has marked a sgnifieant step fowdrd as moved further into our cperalional phase and focused on enhancing the seN1$ available to patients, families and Ihe der ujmmunity across Norfolk and Waveney, who ale experiencing or affected by teminal or lrfe-limiling mndition$. At the heart of this wort is our commitment to enrich the core NHS provigon delivered at Ihrough Priwlla Bacon Le by Norfolk Community Health and ca NHS Tnjst INCH&C), ensuring Fecfjle receive CompaOnate, cwrdinaled supFx)rt that considers Ihe whde pe[sc. A key priority has been the continued ¢Jevdowient of our tereavement support. recognising the deep and lasting impact that timely emotiortal and pwlical help can have toth before and after a death. During the year we strengthened pathways. increased capacity and extended the ways people can aceess support, so Ihat more irKlividua15 and families can receive the right help at the right b'me. We also wOrkj dosely with NCH&C to increase the use of Prixilla Bacon L(xJge. The Lodge was built by and for the community, and it is vital that the full potential of this state-of-the-art hospi is rèalised for everyone who needs 5peaalisl palliative and en(kof-life care. Through shared anning. 0ratIonal dixussion5 and joint inilialive$, ClabOration has e<Jnb"nued to deepen. enabling ser1e$ to evdve and respond more effectively to local need. None of this pwress is possible without the extraordinary genernty rf our supporters. On behalf of the Trustees, l offer our heartfelt thanks lo every¢)ne who has played a part in our work this year. lo those who gave in memory of a loved one," to fundraiser5 who organised events. look on thallenges and rallied friends, families and colleagues," to our volunlews who give their lime and kindness across the Lcyjge, our shops, fundraising and community activity," and lo the community grotjps. businesses, trusts and foundations who have backed our vision. Every doned item. shcp purchase. lottery ticket and grft in a Will helps us fund the added s&rvi¢es and everyday comforts that make such a dtfference for patsents and those close to them. As we look ahead, we will continue develo&Hng services that improve quality of lrfe. supp(wl families and enrich care at every stage of the hospicE ioumey. Our focus remains on strengthening partnerships, widening access and building long-temi finanaal resilien X that. together. can be there for more people - en it matters most. Chaimian Date.18 June 2026 Page 2
PRISCILLA BACON HOSPICE CHARITY IA ¢ornpany limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2025 The Trustees Psent their annual port together the consolidated finanaal statements of the Priscilla Bacon Hospi Charity IPBHCI and rts wbgdiaries for the peri 1 November 2024 10 31 October 2025. The Trustees confim compliar wlh stalulory requ1mentS and the Charrties SORP IFRS 1021. The organisation qualifies as a small Charitae cLxnpany secbon 383 of the Companies kl 20C6. Obje¢tsYes and Aclbvities Public benefit In sethng ot4"eth'ves for the year and annIng the Chwtty's activities the Trustees give due considerats.on to guidance from the Charity knmission relating to public benefrt. Clinical to ho$ care is deteMiin by patient need, and services are free at the point of use. P8HC funding enhances the overall offer at and thro Priscilla Bacon LryJge. ccrfnpkmenting core NHS provision. Charitable objectives The Charity exists lo enhan palliative and en&of4ife care for patients. thetr families and loved ones across Norfolk and Waveney. Our focus is to help ensure patients receiviThJ care at. or through. Priseilla Bacon LcJge and those close to them can ae£ess the best possible holistic care. This is achieved by enriching core care. vthich is delivered by NCH&C. through the Charity's servi development. partnehIp working. volunteer mobilisation and investment in the non-clinical support offer. Our vision A community where organisalions V•X)rk t(yJelher ensuring every person. and those close to them. have access lo high quality, coordinated care and support to live and die Vel1.' whalever their illness. and Ytherever they happen to . Our values Collaboration We work as one team. striving for excelle in the proVis)n of pallte and end of life care in our ILxal ommunity. Respect Respecting. building tnjst and learning frorn each other. We are eleomirwJ and kind to those SUPPOrt and their f8mity and friends.. as well as lo e&h other and to partner organisabons. Inclusivity We seek to understand what matters lo people. taking an inclusive approach that values differences. Innovation Vve are innovative and creative. locing at ways and solutiC to transfom and sustain high44uality servi. Community We go atx)ve and beyorbd for our u)mmunity. recognising that a he lo serve Ihwn and, in turn. our I(1 community 5UPPOrt5 ¢Jur *Drk. Strategies for achieving obje¢lives The Charity's Ihree-year strategy for 202>2027 was launthed during the year and good progress has been made in all key areas. Page 3
PRISCILLA BACON HOSPICE CHARrrY IA company limited by guarantse) TRUSTEES. REPORT (coKfiNUED FOR THE YEAR ENDED 31 OCT08ER 2025 S1ngthen1ng exisling collat()rations and developing partnerships to enhan the collat(rative model Delivery and expansion of non<linical seNices induding complementary therapy. bereavemerbt suppor( music therapy and communrty education Strengthening operational and governance structures 1mplemenlats.on of a volunteer service ownethip model Continued development of Icwtemi finwcial suslainability Achievements and Perfomwn Review of actlvltlos Partnerships and wlder relationshlps These relationships support crdinated specialist palliats.ve care across Norfolk, with the Charty focusing rts formal partnerships primarily on ststutory health partners. The Charity works closely wlh". Norfolk Community Health and Care NHS Trust {NCH&CI Norfolk and NOrwh Universty H05Prtal (NNUH} NHS Norfolk and Waveney Integrated Care Board IICB) Palliative C8re Programme Board Other h05pres lo¢ally. regionally and nabonalSy Voluntary sector charities and community organisations whth help us deliver our charitable 0.eCtiVeS Training providers SUPFXWt slaff and volunteer Ikvelopment Seryice development Living Well Community Hub The fomal launch of the Living Well Community Hub at Prixilla Bacon Lodge in Seplember 2025 marked a 5ignifiGant point for the pfogressing collatorative mcJel between the Chty and NCH&C. The Hub provides wide range of outpatient support and Services to pab.ents with lrfe-limiting conditions or requiring palliative care. As well as helping lo manage any symptoms assoeialed V+ilh a life-limits.ng dnD&s, patsents and loved ones can aCsS mental health and wellbeing SUFPOrt. By integrating Charity-funded services alonggde NHS provigon. the Hub has bfoadened the support available and enabled a MO agile approach to developing aThJ extending serviees in response to patient and community need. Bere•vem•nt Support Substantial prcgress as made wtth bereavement gJPFQrt pathways. wth sgnrficantly more referrals received and patients supported in individual se"9S. sessional counsellots and a Family Supm Worker have been used to increase caty within Ihe service. Group and drop-in SesOn$ have been supported by placement students from Matrix College of Cowbselling and Psychotherapy. Complementary Therapy A Complementary Therapy Servi vrds launched. initially with apFointrnenls delivered over three days each week. Due to demand from outpatients. inpatients, and carerslrelative& after a nine-month trial. contsct hours were increased and a volunteer was trained to hdp suppcfft service gr(ppAh. Congstent evaluation indicated how .- complementary Iherapies reduced patients. physical concerns and improved wellbeing. alleviating ccKnmon symptoms such as pain. nausea. insomnia, muscular aC1S and low m(KKI. A training prc*3ramme for a simple light hand massage was develored for stsff and volunteers to ddsver to path"ents. Page 4
PRISCILLA BACON HOSPICE CHARITY IA Company Ilmlted by guarantsel TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 Music Therapy Music Therapy has teen 11 receiv by patients arKI families. provKhng comfort and emotional relief through tailored music sessions. Our trained therapist 15 wtirking Vith individuals and groups and the service has been extended to outpatients in Ihe Ving Well Community Hub. in athjilion to those who receive music therapy as inpatients. Transitioning Young Adults Project qZ•st} We have worked wlh Sl Elizath Howce. Tawing House and East Anglia's Children's Hospices (EACH) to suprKJrt young people transitioning Child n's hosFMce care or dIatriC rVI$ to adult hospice txre. EACH can refer young PeOe from the age of 14 as an intrc#Juclion to our Transition servi lo ensu young adults have a smooth transrtion into adujt care. hOSted events have been held at Prixilla Bacon Lodge with members of the Specialist Care Team and psychological services have been made available to ggnposl the seNices they need to be able to enjoy lrfe to the full. Community Education The foundations for commLsnity education have been established, leading (shortly after this reporting period) to the employment of staff to coordinate Ccffnpa5sonate CCmunitieS for Norfolk and Waveney, lo deliver community-based SUFPCWt inrtiatives, to gjprort the Bereavement Service to extend its reach and to prcffiole the urKlerstanding and impact of grief. These roles wll increase awareness of the Lclge and help ensure equitable access to services. Progress also includ&1 the development of a joint research post {lo be filled in the next finanGial yearl. de9fied to strengthen and suppMNt paliative re5eaith acr055 the region. Strengthening operational and govoman¢e structure Organisalion81 development this year has seen strenglhened key p)liues. processes and prcrteduies to ensure effective and effiuenl operation of the Charity. Financial approval systems We reviewed and tightened and a full VIeW of procurement contracts and suppliers VAS completed. This reflects the need lo plan for the futu and supports long-lemi sustsinability, ensure wisistent and high-quality servlce and the best posgble use of the Charity's resources. As part of this process, the Charity's operating name has been chan9ed lo Priscilla Bacon Hospice Charity. giving a dearer indication of our activities. and updated Artides ol A$slation have been agreed and filed with the Charity Commisgon and Companies House. Volunteer developrngnt The Ihree-year volunteer strategy has been developed, including governance, training frameworks at)d clearer role ownership by PBHC. We have establish a joint role lo coordinate volunteer support, administration and deveh)pment at Prisalla Bacon Lodge and a separate role to promote recruitment, gjpport. training. and facilitation of volunteers within our retail, furKJralng and events teams. The Charity wishes not only to increase the number of volunteers but the oFportunrties availa1e through volunleerirkg. including working with careers providers, the Assist Trust (for personalised opportunities to develop the strengths of people wlh leaming disabilities in Norfolkl. the Duke of Edinburgh's Aard xheme. hL)Is, colleges and relurn-lo-work organisatiorss. Volunteers make a huge cffilribulion to the Charity's woth. During the year, 268 active Voluntee supported PBHC aeross retail, fundraising. events and hOspibased roles, contnbuling 35.142 volunteer h)urs. Volunteer5 enable the Charity to achieve ggnificantly rn0 wlhin limited resources, and we are grateful to everyone who give5 their time, sknlls and commitsnent. Volunteer roles induded supporting our shops and warehouse, fundraising events. marshalling. CCrdInating colleclion bns. gardening and praclical supwt. baking, and much more. Page S
PRISCILLA BACON HOSPICE CHARITY
IA Company limited by guaranlee)
TRUSTEES. REPORT {CONTINUED>
FOR THE YEAR ENDED 31 OCTOBER 2025
Continued development of long4enn financial $ustsinabillty
R•tail operations
pri1110 Bacon Retail Limited {PBR), a OllYrI•med SUbSlary, OFerated eNJht shops and a grlrIg
commerce presence during the year. Relail income continued to support charitable objectives and financial
stability. The Chanty decided lo dose the Crofner store due lo sgnificantly reduced fwtfall and changing local
retail tynamics. A new store Wd5 opened in Sheriroham duriThJ the summer and early performance has been
very p)&live, with strong community engwenl and encouraging sales figu. Our e
PRISCILLA BACON HOSPICE CHARITY
IA company limit by guarantee)
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 OCTOBER 2025
Plans for the Future
Key priorTlies lor 2025126 indude the embedth.ng ol the C(ynmunity Connector role and the delivery of the
community volunteer coordinator project in partnershtp with NCH&C. The Chartty will continue the delivery and
expansion of PBHC-led services while strengthening community edu¢ation and bereavement pathways. Retail
and e
PRISCILLA BACON HOSPICE CHARITY IA Company limited by guarantse) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2025 register is reviewed in detsil by the Finan. Audit and Risk Cwmittee, ¥thr¢h examines the like1¥h(d, impact and mitigation plans for each identified risk. The Cc#i)mittee provides assurance lo the Board that controls are in plxe and that emerging issues are flagged early. The Board then revie4VS Ihe top 5 risks on the gIster al each meeling to ¢onfimi that iisks are being managed effeclively. resour$ a allocated appropriately and strategic decisions are infomied by current risk exposure. The full risk register is reviewed by the Board annually and is available al any time on our trustee reurCeS plalfoThn Onlard. The scope of monitofed risks indudes financial management, business conlinuity. legal regulatory compliance. safeguafding of patients. families and volunteers, the strenoh and stability of key partnerships, and the Charity's wider reputation within the communty. Each area is assessed for both operational and strategi¢ impact, wth clear accountability assigned to senior staff. This appY0h ensures that risk management is embedded in daY-tdaY practice and sJJpports lowterm sustainability. Financial Review The Chafty continued to progress toward rts free reserves target and strenglhened financial planning aligned lo the 1 November to 31 Octcber financial year. During the reporting year total income amounted to £2,259.895 (2024 - £3,132,549) and after incurring exFenditure of £2.411.012024.. Q.2C6.9721 the total funds decreased by £102.813 (2024- £925,577 Increase}. Reserves Policy In line vAth Charity Commission guidan. the Chafity has developed a reserves policy that the Trustees consider is appr¢)PTiate for the Charity. The policy take5 acUnt of the need to set aside funds to ensure sustainability, manage uncertainty but also lo suFyort the fuTraing of future planned and scheduled xtivilies and serViS to our beneficiaries. The Trustees review the reserves policy annualty to ensure the Charity holds an appropriate level of free reserves to support the stability aTrJ continurty of its activities. The Trustees have determined that the Charity should aim lo hdd free reserves equiva1 to six months of operating costs lolalling £1.220,000. This level is considered suffiuenl lo enable the Charity to continue delivering its core charitable services, including bereavemenl support and cornplementary therapies. while also meeting its financkal commitments. The Charity has free reserves of £2.887.592 as at the year end. Tttere awe plans in place to utilise excess funds in the developmenl of services lo our beneficiaries. The free reserve will consst of unrestricted funds not invested in tangible fixed assets or degnated for specific purposes. Unrestricted funds at the year end totalled £3,050.92712024." £2.396,9341, and restn.cted funds tolalled £12,482,9C6 (2024.. £13.239,7121. Staternent of Trustees. responsibTlities The Trustees {who are also the Directors of Prixilla Bacon Hosptt Charity for the purposes of company lawl are responsible for preparing the Trust. reFOrt and the finala1 statements in accordance with applicable law arKI United Kingdorn Accounting Standards (United Kingjom Generally Accepted Accounting Practs'cel. Company law requires the Trustee5 to prepare finala1 ststements for each financial year. Under company law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their inwne and expendilure. for thal period. In prying these financial ststemenls. the Tiustees are required lo.. setect suitabie ac£ounling policies aThJ then apply them congstenlly." observe the methc¢Js and principles of the Charities SORP IFRS 102). make judgrnents arbd accounting estimate5 that are reasonable aTrJ prudent., state whether applicable UK Accounting Standards IFRS 102) have been folbwed, suty'ecl to any Page 8
PRISCILLA BACON HOSPICE CIIARITY (A ¢ompany limited by guarnntee TRUSTEES. REPORT (CONTINUED) FOR THE YEAR EMDED 31 OCTOBER 2025 material departures disclosed and explaintrj in the financd statements.. prepare the financial stslemerbts on the going COrIn basis unless il is inappropriate lo presume that the Group will continue in business. The Trustees are spon$b]e for keeping *quate OUntIng reco$ that ¥e wffiaenl lo show and explain the Group and the Company's transa¢tbons and disdose with asonable accuracy al any lime the finanual Position of the Group and the Company and to enable them to ensure that the financial statements comply with Ihe Companw Act 2CQ6. They are also responsble fof safeguarding the assets of the Group and the Company and hence for taking reanable steps for the prevenlion and detr"0n of fraud and other irreguJarits"es. Dis¢losur• of inforniation to auditorn Each of the person5 who are Trustees al the time when this Trustees. ReFOrt 15 approved has confimed that.. so far as that Trustee is aware, the is no leVant audit information of which the charitable group's auditors are unwdre, and that the Trustee has taken all the sleps that ought to have been taken as a trustee in order to be aware of any relevant audrt infomiation and to establish th81 the charitable group's auditors are aware of that infomaliL. Approved by order of the members of the board of Tnjstees aThJ signed on their behaw by.. Andrew Bames Dale. 18 June 2026 Page 9
PRISCILLA BACON HOSPICE CHARITY {A MpanY limited by guarantee) INDEPENDETr AUDITORS. REPORT TO THE MEMBERS OF PRISCILLA BACON HOSPICE CHARITY Opinion We have audited Ihe financial statements of Prixilla Bacon Hosptce Charity (the 'parenl tharitable company'l and its subsidiaries {the 'Group'l for the year ended 31 October 2025 whKh compri the Consolidated statement of financial activities. the conlIdated balae sheet. the Charity balance sheet, the Consolidated statement of cash flows aThJ the related notes, including a summary of significant accounting pdicies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK. and Re11¢ of Irelan(r (Unrted KlntyJn Generalty Aecepted Aceounting Praclicel. In our opinion Ihe financial statemenls.. give a Ifue and fair view of the $18te of the Group's of the parent charitsbse company's affairs as al 31 October 2025 and of the Group's incoming resources and applicats.on of SourCes, induding ils income and expenditure for the year then ended" have been prr4)erly prepared in accnce ith United Kingjrym Generally A¢cepted Accounting Practice.. and have been prepared in acoydance wth the reqU1ments of the CcffnpaniesAcl 2006. Basls for opinion We conducted our audit in accordance wth Intemational Standards on Auditing IUK} (ISAS (UK)) and applicable law. Our responsibilities under those standards are further desuibed in the ALtrdilors' responsibilities for the audit of the financial statements section of report. We are independenl of the Group in ardance with the ethical requirements that are relevant to our audil of the financial statements in the United lts'ngdom. including the Financral Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wth these requirements. We bdieve that the aLKlit evidence we have obtained is suffiaent and appropriate lo provide a bas5 for our opinn. Conclusions relating to going ¢on¢em In auditing Ihe finanoal statements. have conClded that the Trustees. use of the going concem basis of accounling in the preparation of the financial slalements is appropriate. Based on the th we have perfomed. * have not identified any material uncertainties relating to events or conditions that, individually or collectsvety, may cast sgnificant doubt on the Group's or the parent charitable company's akn.lity lo continue as a going concern for a period of al least tsvelve months frorn when the financial slalements are aulhorised for issue. Our resp$bilitieS and the responsibilities of the Truslees with resF*(# lo going rJ)ncem are described in the relevant seclions of this report. Page 10
PRISCILLA BACON HOSPICE CHARITY IA company Ilmited by guarnntse) INOEPENOEKf AUDITORS. REPORT TO THE MEMBERS OF PRISCILLA BACON HOSPICE CHARITY {CONTINUED) Olh•r infornution The other information comprises the infom)ation includgj in the Annual report other than the financial slalements and our Auditors, repx)rt thereon. The Trustee5 are Te5ponsble for the other information (x)ntsined within the Annual rep)rt. Our opinion on the financial statements ¢)es not cover the other information and, except to the extent otheise explicitly slaled in our reFQrt. we th) not expTe5s any fovm of assurance concluson Ihereon. Our reswngbility is to read the other infomalion ajxj. in doirKJ so. nsider whether the other infom)alion is malerolly [nnSiStenI th the financial eMentS or our kntrthedge obtsined in the course of the audit, or olherwse oFarS to be materially misstsled. If we identrfy such material inconsistencies or apparent material misstatements, are requi to delemiine whelher this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomed, conclude that there is a material misstalement of this other infomiabon. we are required to rekX)rt that facl. We have nothing lo port in this regard. Opinion on oth•r matt•rs pr•s¢rib•d by th• Companies Act 2(#)6 In our opinion, based on the VrJrt undertaken in the course of the audit" the Informati gNen in the Trustees reFKffl for the finarKial year for whth the fin¢181 slalements are prepared is congstent wth the financial ststemenls. the Trustees. feport has been prepared in accordance wth applcal4e legal reqU1Ments. Mattern on which we are requir•d to report by exception In the light of our knedge and understanding of the tharitabk company arKI its environment obtained in course of the audil. we have not idents.fied mateiial misstatemenls in the Trustees. reFQrt. We have nothing lo ptsrt in respect of the follcrnryNJ matters in relabon to which Companies Act 21x6 requires us lo report to rf. in our opinion-. . the parent chantable company has not kept adequate and sufficient.oUntlng recoTds",-or relurns"_ adequate for our audil have not bn received from branches not vigled by us.. or the parent charitable company fInCIal statements are nol in agreement wth the accounting records and retums.. or certain disclosures of Trustees remuneration specrfied by law are not made,. or we have not received all the infomiation and explanabons we require for our audit. Page 11
PRISCILLA BACON HOSPICE CHARITY IA cornpany limited by guarnntee) INDEPENDENT AUOITORS. REPORT TO THE MEMBERS OF PRISCILLA BACON HOSPICE CHARITY (CONTINUED) Re$pon$lbllltles ol trustees As explained more fully in the Trustees. responsibilities stslement, the Trustees (who are also the diiectors of the charitable CLwnpany fof the purFose5 of company law) are responsitAe for the PTeparation of the financial statements and for Ing satisfied that they gwe a true and lair view. arKI for such internal control as the Tnjstees delennine is necessary to enable preparatson of financial statements that a free from malefial misststement, whether due to fraud or effor. In preparing the financial statements. the TTUStees are rEspon5ible for assesstng the Group's and the parenl charitable company's akn'lity to continue as a g(xng concem, di%lo&ng. as applicable, matters relaled to going concem and using the going concem basi5 of aLYnunting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease 0rlOn$, or have no realistic allemalive but lo do so. Auditors. r•sponsibilities for the audit of the financial statements Our objectives are to obtain reasonable assufance aut whether the financ1 stslemenls as a %thole are free from material misststement. whether due lo fraj or error. and to issue an Auditor5, report that include5 our oynion. Reasonable assurance is a high level of assurance, trxrt is not a guarantee that an audit conducted in accordance wlh ISAS (UK) will aVaYS detecl a material misstatement when it exists. Misstalemenls can arise fr¢)m fraud or error and are Conside m*erial rf. individually ty in the aggregate, they could reasonably be expected to influence the economic deosicwts of users taken on the basis of these finwcial stslements. Irregularities. induding fra. are instances of non<ompliance wth laws and regulations. We de9n procedures in line with our responsibilities. outlined atove. to delect material misstatements in respect of irregularities. ineluding fraud. The extent to which our procedures are capable of detecting irregularities. including fraud 15 detailed belw. ETh]uiries with management and those charged with governare about any kn¢)wn or SUSFecled instances of non-compliance with law5 and regulations and fraud" Reviewng Board minute5". Reviewng financial ststement disclosures and testing to SUFPOrting dctumentstion lo assess compliance th appliCate laws and regulations" Auditing the risk of management ¢)verrKle of controls. including through testing joumal entries and othèr adjustments for appropriateness. Because of the fiekj in which the charitsble ccthp¥ty 0rates. * identified the following area5 as those most likely to have a material impact on the financial statements". Health and Safety." Employment law, GDPR-, and compliance with the UK Companies Act and Chan'lies ACL The a inherent limitations in the audit prccedures described above and the further removed noncompliance with laws and regulations is from the events and transactions refiected in the finanual slalemenls, the less likely we would become aware of it_ Al$, the risk of not deteth'ng a material misslalemenl dLJe lo fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate ncealment by, for example. forgery or intentional mIp(eSentstion$. or Ihrough colluson. A further description of Our respongbililies for the audit of the financial stslements is located on the Financial Reporting Council's website al.. www.frc. .uklauditorsre n&bili Thi5 desGriplion forms part of our Auditors, report. Page 12
PRISCILLA BACON HOSPICE CHARITY (A company limit•d by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF PRISCILLA BACON HOSPICE CHARITY (CONTINUED) Use of our report Thi5 report rs m8de solely to the charilable oimpanls members. as a boty. In accordance wth Chapter 3 of Part 16 of the Crxmpanies Acl 2006. Our aLKlit work has in undertaken so that vo might state to the aritable company's members tho* matters are required to slate to them in an Auditors, report and for no other purpose. To the fullesl extent pemiitted by law. do not ap1 or assume respongbility to anyone other than the charilable compwry and its members. as a trxxly. for audil work, for Ihis report, or for the opinions we have formed. Julie Grimmer FCA DChA (Senior statutory auditor) for and on behaw of Larking Gowen LLP Chartered Accountants Statutory Auditors 1st Floor Prospect House Rouen Roaj Norwich NR1 1RE Date: 29 June 2026 Page 13
PRISCILLA BACON HOSPICE CHARITY (A company limited by guarnntee CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2025 Total fund$ 2025 Total funds 2024 funds 2025 fund$ 2025 Not• Income from: Donations and legaaes Charrtable actNib'es Other trading activities Investrnents 787.797 142.589 1,249.803 104.243 23,845 811.642 142,589 1.249,803 104.243 1, T30.003 188.420 t.152,333 Total income 2.284.432 23,845 1308,277 3, 130.058 Expenditure on: Raising funds Chanlable actNities 1.309.280 321.159 1.309.280 1.101.810 1.063.562 1, 140,919 780.651 Total expenditure 1.630.439 780.6S1 2.411,090 2.204,481 N•t mov•m&Tht in funds 653,993 (756.806 {102,813) 925,577 Reconciliation of funds: Total funds brought foryrdrd Net movement in funds 2.396,934 653.993 13.239.712 (756.806) 15.636,646 1102,813) 14. 711.069 925.577 Total funds Carried forwa 3.050.927 12.482.906 15.533,833 15.636.646 The Cont<Jlidated ststement of finanual activities includes all gains and l¢)sses recognised in the year. The notes on pages 18 to 36 form part of th finanual statements. Page 14
PRISCILLA BACON HOSPICE CHARITY (A company limit by guarantee REGISTERED NUMBER: 09832765 CONSOLIDATED BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Fixed assets Tangible assets Investments 12 13 12.622.396 13. 188.671 100 11622,396 13, 188, 771 Current assets Debtors Cash at bank and in hand 14 439.613 2.837.352 324. 768 2,477,846 3.276.965 2.802.614 CurreTrt liabilities Creditors". amount5 falling due wthin one year 15 (365.5281 (354, 739) N•t eurr•nt assets 2,911,437 2,447.875 Total net assets 15.533,833 t5,636,646 Charity funds Restricted furKI$ Unrestricted funds 16 16 12.482.906 3.050.927 13.239. 712 2.396,934 -Total.funds_.. 15.533,833 15,636.646 The Trustees aCknthedge their responsbilities for cA)mptying the requirements of Ihe Act vnth spect to accounb'ng records and preparation of finarrial statements. The financial slatements were approved and authorised for issue by the Trustees and signed on their behalf by: Andrew Bames Trustee Date: 18 June 2026 The notes on pages 18 to 36 fom) part of these financial statements. Page 15
PRISCILLA BACON HOSPICE CHARir (A company limited by guarantee) REGISTERED NUMBER: 09832765 CHARITY BALANCE SHEET AS AT 31 OCTOBER 2025 2025 2024 Note Flxed assets Tangible assets Investments 12 12,614,109 200 I3.173,5 200 13 11614.309 13. 773. 705 Current assets Debtors Cash al bank and in hand 14 356.819 2,811.385 262.031 2,462, 763 3.168.204 2, 724, 794 Current liabilities Creditors." amounts falling due wthin one year 15 (306.896} (328.913) N•t ¢urr•nt assets 2.861.308 2.395,881 Totsl net assets 15.475.617 15.569,586 Charity fund$ Restricted funds unresth.cted funds 16 16 13.239.712 2.235.905 13.239, T12 2.329.874 Total funds 1S.475,617 15.569,586 The Charity's net movement in furKls for the year vrds q93,969} (2024 - £899.502). The Trustees acknowlethJe their respongbililies for complying with the requ1Ments of the Act with respect lo accounting records and prep8rats.on of financial statements. The finanual statements We apwoved and authorised for issue by the Trustees and Sgned on their behalf by.. Andrnw Bames Trustee Dale.. 18 June 2026 The notes on pages 18 10 36 fom part of these financial ststements. Page 16
PRISCILLA BACON HOSPICE CHARITY (A company limited by guarants•l CONSOLIDATED sTATEMEp OF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER 2025 2025 2024 Cash flows from op•ratlng actlvllies Net cash used in operating aclivitie5 284,522 1. 704,376 Cash flows from investing activiti•s Interest received Puichase of tangible fixed assets 104.243 125.533) 59,505 R21, 735) Net ¢a$h provided byllusod in) investing activities 78.710 1162.230 Change in cash and cash equivalents in the year Cash and cash eqUants at the beginning of the ye8r 363.232 1,542,146 928.4r5 2.470,621 Cash and Cash oquival¢nts al th¢ end of the year 2.833,853 2,4TO,621 The notes on pages 18 to 36 fonn part of these finCial statements. Page 17
PRISCILLA BACON HOSPICE CHARITY (A Company Ilmited by guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 General inforniation Priscilla Bacon Fbspice Charity is a o)mpany limited by guarantee domiciled in England and Wale5, registration numkr 09832765. The registeied offKe is Prwjlla Bacx)n Lo(kJe Century Place, Colney. Norwich. Norfolk, United Kingdorn, NR4 7YA. Accounting policies 2.1 Ba61$ of prèparation of financlal statements The financial stslemenls have been prew&J in aecordanee with thè Charities SORP IFRS 1021- Accounting and Reporting by Charities." Statement of R&ommended Practice arpli¢able to charities preparing their accounts in accordan wth the Financial RertIng Standard applicable in the UK and Republic of Iland IFRS 1021 {effectrve 1 January 2019), the Financial Reporting Standard applicable in Ihe UK and Republic of IrelarKI {FRS 1ff21 aTrJ the Ccffipanies Act 2006. Priscilla Hospice Charity meels the definition of a public benefit entity under FRS 102. Assets and liabilities are initially reccgnised al historical cost or transacts'on value unless othewse staled in the relevant accounting policy. The Consolidated statement of financial aclivib'es (SOFA) and Consolidated balance sheet consolidate Ihe linanaal statements of the Charity ils subsidiary undertaking. The results of the subgdiary are consolidated on a line by line bass. The Charity has taken a(fvanlage of the exemption allchEd under section 408 01 the Companies Act 2006 and has not presented its own Ststement of financial activities in these financial statements. 2.2 Going concem The directors have reasonable expectation thal Ihe Charity and Group has adequate iesources lo c£ntinue in operational existence for the foreseeable future. Thus they continue to adopt the going concem ba$ of accomting in preparing the annual financial statements. Page 18
PRISCILLA BACON HOSPICE CHARITY (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Accountlng polId (contlnued) 2.3 Income All income is re(nised once the Charity h85 enb"Ilement lo the inc(Mne. it is prthble that the income wll te received and the amount of inttthe reeavable can l)e measured reliably. The reCognitn of income from lewes 1$ dependenl on eslablishing entitlement, the probability of recpt the a"lity to estimate wth wfficient acojracy Ihe amount receivable. EVRIen of entitlement to a legacy exists when the Charity has sJJffiaent eviden that a grft has been left to them (through knowledge of the exrstenee of a valid will and the death of the benefactor) and the executor is sat15fied that the property in quests.on wll not be required to satisfy claim5 in the estate. Receipt of 8 legacy must be rewnised when it is probable that il wll be received and the fair value of the amount receivatrAe, whth will generalty be the eXpted amount to be distributed to the Charity. can be reliably measured. Grants are included in the Consnlidated statement of financMI activities on a receivable ba&s. The balance of income received for speufic wrpose$ but not expended during the period is shn in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is defeThed and induded in creditors as deferred income. Where entitlement (CUrS before incL¥ne is reeeNed. the inome 1$ accrued. Donated professional services and (k)nated facilrties are recognised as a grfl, on receipt. on the basis of the value that the Charity VKsuld have been wlling lo pay to obtain the seThices or facilities of equivalent economic nefit on the OFen market", a corresponding amount is then reGognised in expenditure in the pericl of receipt. General volunteer time is not valued and recc>Jnised in the financial slalemenls. Income tax recoverable in relation to donations recwved under Gift or deeds ot covenant is reccgnised al the lime of the donation. Income tax recoverable in relalion to inveslment inccrfne renised at the time the investrnent income is recewable. Donated a55ets are recognised as a gift. when the risks arKI rthvarts attach lo ownetship are transferred. Donale<l assets are reccsnised at fair value taking into account arry restrictior on those assets imposed by the donor. 2.4 Exp•ndltur• Expenditure is recognised On there is a legal or construclive obligation to transfer enoMiC benefit to a third party. it is probable th a transfer of economic benefits wll be required in settlernenl and the amount of ihe obligation can be measured lIablY. Expenditure is cla&%ified by aclivity. The costs of each activity are made up of the total of direct costs and shad costs, including support costs invoNfed in undertaking each a¢bvity. Direct cosis attributable lo 0 gngle activity are allocated directly to that ath"vity. Shared costs whh contribute to more than one activity and support costs which are not attributable to a single aclivity are apportioned between those activities on a bass congstent with the use of resources. Central staff costs are allocated on the baS of time spent. and depreciation charges aLlted on the porbon of the asset's use. Page 19
PRISCILLA BACON HOSPICE CHARITY IA company limited by gu•rantoe) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 A¢countlng pollcl8s {contlnued) 2A Expenditure (continued) Fundraising costs are those irKurred in seeking volvnlary contributions and do not indude the eosls of dissemin8ting infomialion in sUprt of the charitsble activities. Support costs a those CL)Sts incurred directly in supwjrt of expenditure on the obj'ects of the Charity and include project man&9ement. Govemance costs are those incurred in (onnection wth athminislration of the Charity and compliance conslilulional a1 statutory requirements. Costs of generating funds are costs incurreA in attracting voluntary income. and those incurred in trading activities that raise funds. 2.5 Interost recfjivable Interest on lunds hdd on deposit is included wthen receivable and the amount can be measured reli8bly by the Group". this is normally UPK¥) nottficalion of the interest paid or payable by the institution wth whom the furKls are deFK)Yted. 2.6 Intangible assets and mortitiOn Intangible assets are initially rec(¥Jnised al cost. After ceJni1l0n, under the cost model, intangible assels a measured at cost less any accumulated amorb'sation and any accumulated imp8iment losses. Amortisalion is provided on intsngible assets al rates calculated lo write off the cost of each asset on a straight-line basis over its exF¢ted useful lrfe. Amortisalion is provided on the followng basis. SofNYare 20 % straight line 2.7 Tangibl• fixed ass•ts and drecIation Tangible fixed assets are inits.ally recognisejj at cost Afier recognition. under the cosl model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairrnent losses. All costs inCued lo bring a tangible fixed at into its intended working condilion should be indLKled in the measuremenl of cost. Depreciation is Charged so as to allo&e the cost of tangible fixed assets less their resdual value over their estimated useful live* DeplatIon is provided the foll¢Mng bases". Main building Other building related assets Equipment Fixtures and fittings CompLbter equipment - 50 years straight sine 5-25 straight line 3-5 years slraighl line 3- 6 years straight line 3 years straight line Page 20
PRISCILLA BACON HOSPICE CHARITY IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 A¢¢ountlng policies Intinued) 2A Oebto Trade and other debtors are reeojniwj at the settlement amount after any trade discount offered. Prepayments are valued al the amounl preFeid net of any trade di¥£ounls due. 2.9 Cash at bank and in hand Cash at bank and in hand indudes cash and short4emi highty liquid investments with a short maturity of three months or less frcn the dale of acquisition or OFening of the dewsil or gmilar sunt. 2.10 Liabilities and provisions Liabilibes are recognised when there 15 an obligation at the Balan Sheet date as a result of a past event, it is probable that a transfer of ecortomic benefit ill be required in settlement. and the amount of the settlement can be estimated reliably. Liabilitses are recognised at the anount the Charity anlicipales it will pay to settle the debt or the amount it has received as advanced payments for the gc(rtJs or serVIS it must provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effecl of the time value of money is material, the provi&on is based on the present value of those amounts. dtscounled at the pre-tax discount rate that reflects the risks specrfic lo the liability. The unwnding of the discount is recognised in the Consolidated statement of financial activities as a finan cost. 2.11 Financial instrnments The Group only has finanaal 8sset5 and finanual liabilities of a kir that qualify as baC financial instruments. Bawc finanaal inslrumenls are initially recognised at transaction value and subsequently meagjred at their settlement value with the exception of bank loans which are -EUbsequenlly-meawJT*atramortisedfsI-9ng Ihe.effecti¥e.interest melhod._ 2.12 Operating leases Rentals paid under oreraling leases are charged to the $011dated ststemenl of financlal activities on a straigh14ine bags over the lease tenn. 2.13 Pensions The Group operates a defined contribution an for ils employees. A defined contribution plan is a penson plan under whith the Group pays fixed contributions into a separate enbty. Once the contributions have been paid the Group has no further payment obligats'ons. The £tributionS are recognised as an expense in profit or loss they f811 due. Amounts not paid are shown in accruals as a lia"l1ty in the BaLance sheet The assets of the plan a held separately from the Group in independendy administered funds Page21
PRISCILLA BACON HOSPICE CHARITY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 OCTOBER 2025 A¢¢ounting poli¢los Intinued) 2.14Fund accounting General fund5 are unrestricted furmjs 1th are availalAe for use al the dixretion of the Trustees in fUrtherr of the general 0"e"Ve$ of the Group and vthich have not been degnated for other purposes. Designated funds comprise unrestricted funds that have been sel aside by the Trustee5 for particular purwses- The aim and use of each designated fund is set out in the rleS to the financial atemenls. Restricted funds are funds which are lo be used in ac¢cdanee with specrfic restrictions imposed by donors or which have teen raised by the Group for particular purposes. The costs of raisAg and admini*ering such funds are charged ajainst the sFeafic fund. The aim and use of each ieslricted fund 1$ set out in the notes to the financial statements. Inm& from donations and legacies lthrnstrict•d R•strictsd funds funds 2025 2025 Total funds 2025 Total funds 2024 Chjnations 236.454 454,965 51.572 44.8C 236,454 454.965 75,417 985,4TI 138,626 583.248 22,658 Legacies Grants Grft aid 23.845 787,797 23.845 811.642 1.730.003 Total 2024 1.353.003 377.CiXI 1, 730,003 Income from charitable activities Unrostrictod funds 2025 Total funds 2025 Totol funds 2024 Provigon of hospice care 142,5119 142.589 188.420 Total 2024 788.420 188.420 Paje 22
PRISCILLA BACON HOSPICE CHARITY (A company limit•d by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Income from charitable acti¥ltie8 (continuedl In¢om• from othertrading activities Income frnm fundraising events Unrestiicted lunds 2025 T¢)tal funds 2025 Total funds 2024 Fundraising ino)me 215,899 215,899 229.931 Tolal 2024 229.931 229,931 Incomè from non charltable tradlng actlvllks Unrestricted fvnds 2025 Total funds 2025 To181 funds 2024 Donaled goods 1,033,904 1,033,904 922.402 Total 202S 1.033,904 1,033.904 922.402 Total 2024 922,402 922,402 Non<haritable trading inccffie rdates to the retail charity shops oFerated by the wholly ¢)wned subsidiary rnpanY Priscilla Bac Relail Limited. Page 23
PRISCILLA BACON HOSPICE CHARITY (A company limited by gu¥rnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Investment in¢om• Unrastrleted funds 2025 Total funds 2025 TotBI funds 2024 Bk Interest 104,243 104.243 59,302 Total 2025 104,243 104.243 59.302 Total 2024 59,302 59,302 Expenditure on raising funds Fundraising trading 8xpen6es Unr•strleted funds 2025 Total lunds 2025 Tot81 funds 2024 Retail ensts Renl Legal and profesgonal Staff costs National insurance Pensions 341,343 173.401 5.927 716.1•6 62.102 10.381 341.343 173.401 5,927 716.126 62.102 10.381 560.601 90. 122 3.OT3 381,381...... 22.246 6. 139 Total 2025 1,309.280 1,309,280 1,063,562 Total 2024 1.063,562 1.063.562 Page 24
PRISCILLA BACON HOSPICE CHARrrY (A company limil•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 Analysls of expenditure by activities Activities undertaken directly 2025 Support COBts Tt>tal funds 2025 Total funds 2024 2025 Charitable activities 1.023.844 77.966 1.101.810 1. 140,919 Totsl 2025 1.023,844 77.966 1.101,810 1. 140,919 Total 2024 1,051,343 89,576 t, 140,919 Audltors. rèmuneratlon 2025 2024 Fees pay*le to the Chwty's auditor for the art of the Charity's annual accounts 13.260 13,000 Fees payable to the Charity's auditor in respect of.. Audit of the Subsidia5 annual accounts All non-audit seNices not Éncluded atx)ve 14,850 960 7. 140 460 . rtaff Costs Group 2025 Group 2024 Charity 2025 Charity 2024 Wages and salaries Social setyjrity eosts Conlnbution to defined conlritrAth"on penson schemes 1.033,410 88.739 647.869 51,951 396.838 35,658 266.488 29, 705 16.793 86. 743 8.063 80,604 1.138.942 786,563 440.559 376. 797 Page 25
PRISCILLA BACON HOSPICE CHARITY (A company Ilmited by guarantee) NOTES TO THE FINANCIAL sTATEmEp S FOR THE YEAR ENDED 31 OCTOBER 2025 10. Staff 8¢6 (continued) The average number of penS employed by the Charity thjring the year was as foll0v.. Group 2025 Group 2024 No. Charity 2025 No. Chanly 2024 No. Employ&s 14 11 The number of employees vthose employee benefts (exdudhng employer penson cthts} exceeded £60.CIJO %Yas'. Group 2025 No. Group 2024 No. In the band £60.001- £70,000 In the band £70.001- £80,000 Tolal remuneralion paid to 5 individuals (2024-. 3 irKlividuals} of key management personnel in the year amounted to £293.152 {2024. £193.5981 11. Trustees. rernuneration and expenses During the year. no Trustees recewed any remuneration or other benefit$ (2024- £NIU. During the year ended 31 October 2025. no Truske expenses have been incurred (2024- £NIL). Page 26
(A ¢QrnPrry 11rnit ty 9uarant••} NOTESTOTHE FINANCIAL STATEMENTS FOR THE YEAR EIIDEO 31 00BER 2025 12. TIngi•llxd i••ty Group L•a5vhold dand property and PlAt and buihlingF Thprovements Fithnw mxhillery Equlpmont Total C¢Xtor ¥Aluatlorb At 1 Ntsvwnbèr2024 13.688.f02 11611 320,513 44,175 13,892,095 At37 Odcknr2025 13.612.730 11518 320.513 ,357 14,017,628 D•prn¢i•tion Al l November224 Charge fcrthe ye $56.911 14993 24171 3,424 $91.8DJ 3,747 18.456 Al 31 Odober2025 1,117,276 SN13 223.owd 941 1.395,232 N#t book valu• At 31 OGtcbw2025 11495A54 7,105 97M21 418 12,622,M6 A13t O(g¢bg2024 1103?.574 YO.852 If5.877 29.182 f.f86 f3,188.671 P8gp27
PRLSCILLA BACON HOSIICe CFL4RITY {A ComnY lirnfted ty guarane} NOTESTO FINA)K STATEMENTS FOR THE YEARENCÉD 31 OCTOBER 2D25 12. Tanglble fixed as18 Iconl6nu•dl Charlty LAnd 4nd aThd IldlTh ffilling T(il Costor viluatvjn At 1 NrNemiw2W14 AOrtn$ 13,$8 310.327 175 1494J,i 2&533 Al 31 Oct(w 2025 11611Th1 0.327 .IVJ 1196i537 0•pr1•Y9n At 1 November2ff24 CtrArgeforlhe yeai 197,5TB 16,lJ94 5M929 At 31 Octcbw2025 1.117278 1872 23.W 1.364,4 N•t book VAIu• Al 31 Octthw 2025 1l494454 22.CthI II814,109 At31 Oct£thY2024 13.031 574 If2.749 29.182 13.173.505 P*J8 28
PRISCILLA BACON HOSPICE CHARITY (A cornpany limited by guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 OCTOBER 2025 12. Tangible fixed assots (continued) Charity Icontlnued) In December 2021 the Charity received a gift of 7.393 acres of land al Colrw, Ncrfc4k. This land has become the wte of the new Prisolla Bacon L(MJge Hospice. The Trustees considered the fair value of the land al the date of the grfi arKI tt)ok profesgonal thice on this matter. In view of the very specific and restricled to the use of the land. and as professional athice indicaled the value of the land was immaterial in the conlexl of the value of the total hospice construction, the Trustees conduded that il was not possible to determine an acojrate fair value for the land at the date of the grft. As a result, no value is attributed to the gift of land in the financval statements. 13. Fixed asset investmfrntsb Investments In subsidiary companles Charity Cost or valuation At 1 November 2024 At 31 Oclot*r 2025 Net book value At 31 October 2025 Al 3t Oclober2024 200 The folltrMn9 were sub&"diary undertakings of the Charity". Names Company number Registered office or principal Class of place of business shares Holding Priscilla Bacon Retsil Mited 11695945 Prixilla Lcrfjge Century Ordin Pla, Colney. Norwich, Norfotk. United Kingdom. NR4 7YA. PrillIa Bacc Lodge Century - Ordinary - Place. Colney. Norwich. NorfdK Uniled Kingd(. NR4 7YA 1CKS% Priscilla Bacon Ccynmercial - 15991772 Limited 1000A. Page 29
PRISCILLA BACON HOSPICE CHARITY (A company Ilmited by gu4Anteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 13. Flx•d asset Investments {contlnued The financial resuts of the subsidiaries for the year Iwe". Names In¢ome Exp•nditur• ProfftllLo$$ No¢ assets 11 Surplusl IDefi¢ltl for the yoar Priscilla Bacon Retail Limited Priscilla Bacon Commercial Limtled 947.111 339,330 (T88,576) (339.330) 158.535 65,195 100 14. Debtorn Group 2025 Grtjup 2024 Charity 2025 Charity 2024 Due within one year Trade debtors Arnounts 0ed by gro undertakings Other debtors Prepayments and accfued income 34.160 17,318 31,620 13.505 256.697 148.756 237.934 69.576 210.825 112,034 216,318 32,208 439.613 324.768 356.819 262,031 Included in Other debtors is a balance of £208.13812024." £204.8121 relating to funds held in EscrTrw by a third party on beha of Priscilla Bacon Hospice Ch*ty. .5. -Creditors.-Amounts-falling.du•.Withi0n& year._ Group 2025 Group 2024 Charity 2025 Charity 2024 Ba{ overdrafts Trade credito Amounts owed lo group undertakings Other taxabon and social security Olhef Cfeditors Accruals and defer inctyne 7.225 90.045 100 13.069 180,665 63.635 3.499 20,588 29,135 27,155 178.601 47.918 7,225 68,646 13,828 9,476 178,881 50.857 45.768 40.542 183.399 92.320 365.528 354. 739 306.896 328.913 Page 30
PRISCILLA BACON HOSPICE CHARITY (A ¢ompany limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 16. Slatemont of funds Stateffl•nt of funds - ¢urr•nt year Balance at 1 November 2024 Balance at Transfers 31 October inlout 2025 Income ExnditUre Unrestricted fund8 D8signated funds Garden Maintenance Fund Care & Support Commfftee Music Therapy COmeMentary Thwapy 31.684 27.OTT 64.218 (22,714) (21,1961 (28,8001 (24,929 (8.970) (5.881) 135.418) 25.071) 172.979 {97,639 175.340) Gener41 funds General Funds 2.223.955 2.284.432 {1.532.8001 75,340 3.050.927 T¢>tal Unrestricted fund 2.396.934 2.284.432 (1.630.439) 3.050,927 Restricted funds Building Fund -Bereavemenl Sekw4ces_ Other Restricted Grants 12.977.083 1528,8231 {251.8281 10.801 12.459,061 110.801) 23.845 13.239.712 23.845 (T80,651) 12.482.906 Total of funds 15.636.646 2.308,2TI {2.411,0901 15.533.833 Page 31
PRISCILLA BACON HOSPICE CHARITY (A ComnY limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 16. Staternent of funds (continued) Restricted Funds". Building - Follwng the completion of Ihe hospi Ihe as9xrated costs and value being held wthin Fixed Assets are n(xv reflected within the Building Fund. Bereavement SeNices - to deveknp and staff the bereavernenl Servi for the Charity to complement the NCH&C servi, and wden the reach of bereavement support. This is restricted funds donated speafically for this projecuseryice. This has Ixen spent, and the remaining balan of £10,801 refiects the net book value of the assets furK18d by this prqect These have been transferred lo be held within the Building Fund. Designated Fund5'. Trustees have reviev•ed the Deggnaled FU1$ and concluded il is more appropriate for these funds lo be held in General Funds. as they are part of the ongoing aclivities in the Charity. This has been reflected with a transfer of £75.340 to general funds. Page 32
PRISCILLA BACON HOSPICE CHARITY (A ¢ompany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 16. Statement of funds {continuedl Statement of fvnd$- prfor year Bolan¢e Ot l Novembpi 2023 Balance al Transffe 31 October inloul 2024 Inc(me Expendftu Unrestricted funds Designated funds Garden Maintenance Fund Care & Support CmIttee Music Therapy Complementary Therapy 32.C (32.316) (25.414) (15. 782) 32.000 31,684 27,077 64.218 2.491 80.000 50.OLk) 82,0 2.491 (T3.512) 162.000 172.979 General funds General Funds 863.235 2.753,058 (1.462.892) 70.554 2.223.955 Total Unreslricled funds 945,235 2. 755.549 (1.536.404) 232.554 2.396.934 Restricted funds -Building.Fund Garden LandSCang FurKI Bereavement SerVIs (529.521) (75. 778) (65.269) 12,977,083 192.682 66.548 IiO,IKQ 267,L (226,904J (5.650) 262,629 13, 765,834 377.ocx) (6TO.568J (232.554) 13.239. T12 Total of fund$ 14, 711.069 3. 132.549 (2.206,972) 15.636.646 Page 33
PRISCILLA BACON HOSPICE CHARITY IA Company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 17. Analysis of net ass¢ts between Analysls of net assols betTr fvnds - current year Unrnstrictod R•strictsd nds fund8 2025 202S Total fund$ 2025 Tangible fixed asset5 Current 8ssels Creditor5 due within one year 163.335 12,459,061 12,622,396 3.253,120 23.845 3,276.965 (365.5281 1365,5281 Total 3.050,927 12.482,9C6 15,533,833 Analysls ol net assets between funds - prlor year un$tted funds 2024 Restiicled lunds 2024 Total lunds 2024 Tangible fixed awts Fixed asset investments 211.588 12,977.083 13. 188,671 Current assets Creditots due within one year 2.539.985 (354, 739) 262,629 2.802,614 (354, 739) Total 2.396.934 13.239, 712 15.636,646 Page 34
PRISCILLA BACON HOSPICE CHARITY IA company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 18. R8¢onclllatlon of net mov•ment in funds to net flow from operatlng activiti08 Group 2025 Gn)up 2024 Net ineLmellexpenditure) for the yew {a5 per Stalemenl of Financial Activities) {102.813 925,577 Adjustments for-. DePCIatIon charge5 Invesfment incwe Ilncreaseydecrease in debtors InCrea5el{drea$e) in creditors 584.929 {104.243 166.463 14.615 503.600 (59.505J 305, 124 (60,687) Nel cash provided by operating activities 326,025 1,614. 109 19. Analysis of ¢ash and cash equivalents GTOUP 2025 Group 2024 Cash in haTh Overdraft 2.837,352 13,499} 2,47T,846 (1.225) Total cash and c•sh equlvalents 2,833.853 2,470,621 20. Analysis ol Changes in net d•bt At31 October 2026 November 2024 Cash flows Cash al bank and in hand Bank overdrafts repayable on demand 2.477.846 17.225) 359.506 3.726 2.837.352 (3.4991 2.470.621 363,232 2,833,853 Page 35
PRISCILLA BACON HOSPICE CHARITY IA Company Ilmited by guarnnt80 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCT08ER 202S 21. Penslon ¢ommithionts The Group operated a defined contribLrtion pension scheme. The assets of the scheme are held separately from those of the Charity in an independently MinIStered fund. The penson cost charge represents contributs.ons payable to the fund and amounted to £16.793 12024.. £13,231). Contribulions totalling £nil 12024: £567} wpre paye to Ihe fund * th8 balance she81 date and are included in creditors. 22. operan9 lease commitments At 31 October 2025 the Gr¢xw and the Charity clynmilments to make futu minimum lease payment5 Lsnder rKInancellae operating leases as follov•ts" Group 2025 Gn)up 2024 Charlty 2025 Chaiity 2024 Not later than 1 year Later than 1 year and not later than 5 yea 23,708 16.6T8 18,332 12, 701 40.386 31.033 23. Related party transactiofbs The financial statements indude expenditure of £4,608 P024.' £nill charged by Lovewell Blake LLP (where Mark Proctor is a member of Lovewell Blake LLP) in respect of taxab'on advice. There was no amount outstanding al the year (2024.. £nil). All purchases from related parties were made in line with the Charty's Conflict of Intere51 pclicy and on normatcommerual.terms. 24. Post balance sheet events The Charity had been notified before the year end of its entitlement to a legacy. Al the dale of approval of these fit)ancial statements, the eate Mained under administralTron arK4 the Trustees were unable to reliably estimate the value or liming of rlpL Accordingly. no income has been regnIsed. This legacy will be cOgnised when the recognrtion criteria in the Charity's accounting FX)licies a mel. Page 36