# **Registered number : 10934348 Charity number: 1174402**
**CYNTHIA SPENCER HOSPICE CHARITY (A company limited by guarantee)**
## **REPORT AND CONSOLIDATED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2025**
**CYNTHIA SPENCER HOSPICE CHARITY FINANCIAL STATEMENTS**
## **YEAR ENDED 30 SEPTEMBER 2025**
|**CONTENTS**|**PAGE**|
|---|---|
|Reference and administrative details of the charity, its trustees and advisors|1|
|Trustees' Report|2|
|Independent Auditor's Report|8|
|Consolidated Statement of Financial Activities|12|
|Consolidated Statement of Position|13|
|Consolidated Statement of Cashflows|14|
|Notes to the Consolidated Financial Statements|15|
**CYNTHIA SPENCER HOSPICE CHARITY**
**REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS YEAR ENDED 30 SEPTEMBER 2025**
|**Company registration number**|10934348|
|---|---|
|**Charity number**|1174402|
|**Directors & Trustees**|Pam Nock (Chair)|
||Stephen Potter (Treasurer)|
||Peter Nock|
||Russell Douglass|
||Michelle Myers|
||Danielle Soto|
||Rosslyn Young|
||Karen Toseland|
||Harriet Thompson|
||David Brodala|
|**Registered office**|Cynthia Spencer Hospice Charity Office|
||Manfield Health Campus|
||Kettering Road|
||Northampton|
||NN3 6NP|
|**Auditor**|Kilby Fox|
||4 Pavilion Court|
||600 Pavilion Drive|
||Northampton Business Park|
||Northampton|
||Northamptonshire|
||NN4 7SL|
|**Bankers**|National Westminster Bank PLC|
||41 The Drapery|
||Northampton|
||NN1 2EU|
**- 1 -**
**CYNTHIA SPENCER HOSPICE CHARITY THE REPORT OF THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2025**
The Trustees are pleased to present their annual report together with the consolidated financial statements of the charity and its subsidiary for the year ended 30 September 2025, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice Applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective October 2019).
## **Chair's Report**
Reflecting on our 2024/25 financial year, the Board and I are immensely proud of the vital income generated across our fundraising and commercial activity, bolstered by our marketing campaigns.
Despite the challenging financial landscape, the community has continued to dig deep and generously support Cynthia Spencer Hospice Charity, ensuring we continue to fund palliative care services in West Northamptonshire.
Thank you to all the individuals, groups and corporates who have raised funds, whether that’s taking part in a challenge event, holding a fundraising activity in your workplace, an in-memory donation, organising a large scale community event, leaving a gift in your will, taking part in our first ever twilight walk, purchased pre-loved items from our Big Charity Shop or donated items for us to sell in our charity shop. Together you have all made a positive difference to our community.
In the last year we have seen a change in the leadership of our charity. Our CEO of 9 years Alison Gee stepped down from her part-time CEO role. Under Alison’s leadership the charity has grown significantly, and she has left behind a positive legacy for the incoming CEO. The Board and I would like to acknowledge Alison’s invaluable contribution to our Charity and the wider community.
In June 2025 our new CEO Asma Maya Joseph-Hussain joined the charity, bringing a wealth of leadership experience in the not-for-profit sector. Having worked in International, National and Regional organisations, Maya is joining the team at a pivotal moment as we approach the 50th anniversary of Cynthia Spencer Hospice. Having previously held a leadership role in an independent Hospice, Maya has seen first-hand the transformative care Hospices deliver to patients and their loved ones. It is this care that brings Maya to our charity, and her unwavering passion and drive for increasing palliative care services to meet the growing need in West Northamptonshire.
## **Celebrating Compassionate Care**
We launched the Registered Nurse Verification of Expected Adult Death (RNVOEAD) training this year for nursing homes across Northamptonshire. Verification of death is the formal process of confirming that an expected death has occurred, allowing families to begin the next steps without unnecessary delay at what is often a very sensitive and emotional time.
By equipping registered nurses with the skills, confidence and professional competence to carry out this role, the training helps ensure timely, compassionate care for patients and dignity and reassurance for their loved ones. This vital programme was jointly funded by Cynthia Spencer Hospice Charity and Cransley Hospice Trust.
This year we were excited to launch our new bereavement service in partnership with Age UK and Cransley Hospice Trust, the Hummingbird project. This support is available to patients, families, carers and loved ones, both before and after the loss of a loved one, acknowledging the deep emotional and practical challenges that come with bereavement. It is available to anyone over the age of 18 living in Northamptonshire.
## **Fundraising and Retail Achievements**
Our fundraising and commercial teams, supported by an extraordinary network of volunteers, have worked tirelessly to raise funds for continued palliative care services in our community. In a year of a continued challenging financial landscape, their dedication, agility and innovation have been instrumental in raising £2,777,071.
## During 2024/25, Hospice care figures show:
- •The Specialist Palliative Care team had 15,923 contacts with the community of West Northamptonshire in a year.
•242 patients were cared for by the inpatient unit and of those 242 admissions to the hospice, 191 patients were for symptom control, 42 for terminal care and seven for other reasons.
- •The Specialist Palliative Care Consultant recorded 1,406 total contacts for West Northants, which equates to almost 30 per week.
•As well as hospice care, the charity funded palliative care services for thousands of patients and their families countywide including through Wellbeing Services, Bereavement Services, and Hospice@Home.
- •We have had a positive response uptake to the launch of our new Hummingbird bereavement project.
This care is only possible due to the generosity of our community and volunteers.
## **Facing the Future**
During 2026 we will celebrate 50 years of Cynthia Spencer Hospice with some exciting new fundraising and marketing campaigns. With a growing population and increased complex health needs we foresee a continued increase in the demand of palliative care services in West Northamptonshire.
We recognise there will remain challenges in fundraising and commercial activity, at a time when we will need to raise increased income to fund additional care. By building resilient and agile teams and innovating we remain committed to raising vital funds for palliative care services in the Hospice and wider community.
## **Gratitude**
To everyone who has contributed to our success this year—whether by taking on challenges, donating time or money, or supporting our virtual and inperson events—thank you. Your support is the lifeline that enables us to care for patients and their families now and in the future. Together, we are making a lasting difference.
## **Pam Nock**
Chair of Trustees
Date:-
**- 2 -**
**CYNTHIA SPENCER HOSPICE CHARITY THE REPORT OF THE TRUSTEES (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **Our purposes and activities**
**Our mission** is to assist Cynthia Spencer Hospice to help people and their families living with life-limiting illness have quality time together by delivering expert care, both in the hospice and in the community.
Cynthia Spencer Hospice Charity supports the care of patients in Cynthia Spencer Hospice and the community who require Specialist Palliative Care. We do this in partnership with Cransley Hospice Trust by commissioning and funding the provision of specialist palliative care to patients. We also support patients in their chosen place of care at the end of life, either in the Hospice or the patients’ homes.
## **Our vision is a community where everyone has equitable and fair access to specialist end of life care and training.**
To ensure the charity is working towards this vision the Trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the period.
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit, including the given guidance 'Public benefit: running a charity (PB2)'.
## **Our strategic objectives**
Our Strategic Objectives for 2025 -2030
|**1**|**To be part of our community**|We will communicate and engage with our community to ensure we understand what
they need, and they understand our purpose.|
|---|---|---|
|||We will work in collaboration with our partners and stakeholders to improve our
presence and impact in the community.|
|**2**|**To commission end of life care**
**that everyone has equitable**
**and fair access to.**|We will contribute to evidence-based knowledge to commission a more robust
Palliative and End of Life care support system for West Northamptonshire.|
|||We will influence and support the provision of equitable and fair access of Palliative
and End of Life care services across the county.|
|**3**|**To provide Palliative and End**
**of Life care training and**
**education.**|We will work with the Training and education Task and Finish Group to establish the
training and education needs for the county.|
|||We will work in collaboration with our partners and stakeholders to provide focused
Palliative and End of Life care education programmes to the public, care homes and
professionals.|
|**4**|**To be innovative**|We will support innovative working and clinical service design that will enhance and
improve Palliative and End of Life care services across the county.|
|||We will establish innovative and creative fundraising and retail strategies.|
|**5**|**To improve our financial and**
**operational resilience**|We will diversify revenue streams and build financial resilience.|
|||We will strengthen our operational efficiency and flexibility.|
Our strategic priorities are aimed at allowing the charity to fill its **purpose** to :-
Support the provision of Specialist Palliative and End of Life Care for our community, West Northamptonshire.
Support patients their families and loved ones with all aspects of life limiting illness, death and dying.
Work in collaboration with our health, social and volunteer sector partners to improve outcomes for those living with a life limiting illness.
Provide specialist advice, support, education and training for healthcare providers and our communities to improve understanding of Palliative and End of Life Care.
**- 3 -**
**CYNTHIA SPENCER HOSPICE CHARITY THE REPORT OF THE TRUSTEES (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **Financial Review**
In this financial period our amazing supporters have raised £2,777,071 (2024: £1,545,866).
This income is a collective effort, realised through the generosity of individual donors, corporate partners, event participants, legacy donors, challenge enthusiasts, shoppers, and lottery players, all navigating extraordinary circumstances. The outpouring of support from our community has been nothing short of remarkable. Amidst personal economic struggles, our supporters have dedicated their time, offered donations, and actively engaged with our events. We are profoundly grateful for this display of solidarity and commitment to our cause.
**----- Start of picture text -----**
Bank Interest Event Income
General donations
Retail Income 3% 12% 9% Corporate Support
11% 6%
Legacies
43% Community Fundraising
9%
Lottery Income
6%
Event Fundraising £ ……. Collection Income
Challenge Fundraising £ …………… 1%
**----- End of picture text -----**
Our **Community Fundraising team** has been the driving force behind an impressive £234,771 in income, thanks to you and the hard work of everyone involved in raffles, events, and hampers.
Our **Corporate Supporters** have been robust, rallying together to raise £171,980. Local businesses have worked with our **Corporate Fundraiser, Nina** , to form partnerships which we hope have helped them as much as it has helped us.
Our **Online** and **Big Charity Shop** retail activity has again been well supported, with savvy consumers in Northamptonshire and beyond contributing £301,056 to our retail income
The success of our **Lottery** has continued, with players generating £164,675 in income.
Our heartfelt thanks go to those who have made **In Memory** and **General** Fundraising donations, which have totalled £320,221.
**Legacies** have provided a contribution of £1,136,384. The impact of these gifts is immeasurable, and we extend our deepest gratitude to the families and executors who have thought of us.
Our **Collection** boxes and street collections supported by the local community and businesses have raised a fantastic £14,792 - proving that every penny really does count! This achievement could not have been possible without the dedication of volunteers, local businesses, and the diligence of our Donor and Finance Lead, Sarah, and Charity Administration Assistant, Jackie.
Our **Events and Challenges** this year have been a testament to our community's commitment, with £234,472 raised. The Events Team is already preparing for 2026 with the ambition to make it a record-breaking year with the continued support of our community.
## **Volunteers at Cynthia Spencer**
Special thanks must go to our team of 94 dedicated volunteers that work alongside our fundraising team as without them we would not be able to achieve all that we do.
Their support covers a range of activities including administration in the office, helping at events, retail support and as Trustees of the charity.
**- 4 -**
**CYNTHIA SPENCER HOSPICE CHARITY THE REPORT OF THE TRUSTEES (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **Financial Review (continued)**
## **What have we spent the money on**
The chart below shows a breakdown of our expenditure. Our total expenditure for the period is £2,017,994 (2024: £2,088,488).
**----- Start of picture text -----**
Office and Governance costs
Retail costs 9%
17% Hospice Running Costs
53%
Other Fundraising
8%
Corporate Fundraising
4%
Community Fundraising
3%
Event Fundraising
6%
**----- End of picture text -----**
During the year we have spent £1,042,007 (2024: £1,074,373) on hospice running costs. This includes clinical staff costs for services including the Wellbeing Centre and Hospice at Home and the inpatient unit plus we have continued to fund the psychologist role during the year.
## **Reserves Policy**
In the Trustee's view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.
The Trustees propose to maintain the charity’s unrestricted reserves at a level which is at least equivalent to one year’s charitable and operational expenditure. This decision is based on the charity's operational objective and likely funding.
The charity’s management committee considers that the general unrestricted reserves (including designated reserves) of £5,350,661 at 30 September 2025 are sufficient to sustain its present operations should income generating activities be curtailed over the forthcoming year.
The charity requires £2,560,681 short term reserves to sustain and improve our support of the Hospice over the next 12 months. Our reserves policy states that the Trustees should perform a risk assessment to identify the additional short term reserves we need to keep for unexpected items such as changes in NHS funding. Our assessment as at 30 September 2025 identified additional short term reserves of £1,415,600. In total we require £3,976,281 short term reserves. The balance of the reserves as at 30 September 2025, £1,374,380 will be invested in line with our investment policy to ensure that the charity generates an appropriate return at an acceptable level of risk.
We will continue to monitor our reserves in line with our reserves policy, in conjunction with cash flow forecasts, and expectations to ensure there will be adequate funds available. The Trustees are exploring opportunities for funding further service development, but this will take time to come to fruition and is dependant on the external service provider.
## **Investment Policy**
In accordance with the charity's constitution, the trustees have the power to invest in such stocks, shares, investments and property as they see fit.
The trustees are mindful of the recommendations of the Charity Commission with regard to the management of investments and have set up a sub group of Trustees to focus on investments. The charity has also developed a formal investment policy and strategy which has been approved by the trustees.
**- 5 -**
**CYNTHIA SPENCER HOSPICE CHARITY THE REPORT OF THE TRUSTEES (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **Risk Management**
The trustees have a risk management strategy which comprises:
- an annual review of the principal risks and uncertainties that the charity and its subsidiary;
- the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and
• the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise.
The charity’s management committee has assessed the major risks to which the charity is exposed. The key risks identified are income generation, our commercial operation and compliance (Fundraising Standards and Data Protection). The risks are documented and appropriate systems put in place to mitigate the exposure.
Attention has also been focussed on non-financial risks arising from fire and health and safety. These risks are managed by ensuring accreditation is up to date, having robust policies and procedures in place, and regular awareness training for staff and volunteers working in these operational areas.
## **Structure, Governance and Management Governing Document**
Cynthia Spencer Hospice Charity is a charitable company limited by guarantee. The company was incorporated under a Memorandum of Association on 25 August 2017 and is a registered charity, number 1174402. It received charitable status on 29 August 2017. The members of the company are the trustees named on page 1. In the event of the company being wound up, the liability of the members in respect of the guarantee is limited to £1 each.
The charity previously operated as an unincorporated charity which was founded on 20 March 1991. With effect from the 1 October 2017, the assets of the unincorporated charity, registered number 1002926, were transferred to the charitable company.
## **Appointment of Trustees**
The trustees who served during the year are listed on page 1. Trustees are elected by the board of trustees with appointments and reappointments being decided on an annual basis. Trustees have the power to appoint new trustees on an interim basis until the next AGM.
## **Trustees induction and training**
New trustees are interviewed by the Chief Executive Officer and two trustees prior to recommendation for appointment, during which time they will have had the vision and strategy of the charity explained to them and receive an Induction Pack. New trustees are provided with a copy of the Charity Commission publications 'Welcome to new Trustees' and 'The Essential Trustee: What you need to know', Code of Conduct and Job Description.
## **Organisational structure and decision making**
The trustees set the strategic agenda and general policy of the charity. The day to day affairs of the charity are managed by the Chief Executive, who reports to the chair of trustees. The Chief Executive presents comprehensive reports to the trustees at board meetings, which are held monthly.
Within the organisation there are also a number of sub-committees, which are set up to review each aspect of governance in more detail. Each sub-committee is made up of trustees and supported by senior staff. Each committee reports back to the board of trustees.
## **Pay policy for senior staff**
The directors consider the board of directors, who are the Charity's trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the Charity on a day to day basis. All directors give of their time freely and no director received remuneration in the year.
The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the directors benchmark against pay levels in other charities of a similar size. The remuneration benchmark is the mid-point of the range paid for similar roles.
**- 6 -**
**CYNTHIA SPENCER HOSPICE CHARITY THE REPORT OF THE TRUSTEES (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **Related Parties**
The Charity is the major controlling party of the Cynthia Spencer Hospice Ventures Limited, a company incorporated in England and Wales. The company’s principal activity is to provide trading activities on behalf of the Charity.
## **Trustees' responsibilities in relation to the financial statements**
The charity trustees (who are also directors of Cynthia Spencer Hospice Charity for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for the period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Statement as to disclosure to our auditors**
In so far as the Trustees are aware at the time of approving our trustees' annual report:
- there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group's auditors is unaware, and
- the trustees, having made enquiries of fellow directors and the group's auditor that they ought to have individually taken, have each taken all the steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Signed on …........................................ on behalf of the Trustees by:
**Pam Nock** Chair of Trustees
**- 7 -**
**INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CYNTHIA SPENCER HOSPICE CHARITY**
**YEAR ENDED 30 SEPTEMBER 2025**
## **Opinion**
We have audited the financial statements of Cynthia Spencer Hospice Charity (the 'parent charitable company') and its subsidiaries (the 'group') for the period ended 30 September 2025 which comprise Statement of Financial Activities, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. 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 Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
• give a true and fair view of the state of the group's and parent charitable company's affairs as at 30 September 2025, and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
• have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis of Opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:
• the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or
• the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group's or parent charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the trustees' annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other Information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
**- 8 -**
**INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CYNTHIA SPENCER HOSPICE CHARITY ( ti d) YEAR ENDED 30 SEPTEMBER 2025**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
• the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors’ report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
• adequate and sufficient accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
• the parent charitable company’s financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
• the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and from the requirement to prepare a strategic report.
## **Responsibilities of trustees**
As explained more fully in the trustees' responsibilities statement set out on page 7, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group's and parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
**- 9 -**
**INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CYNTHIA SPENCER HOSPICE CHARITY ( ti d) YEAR ENDED 30 SEPTEMBER 2025**
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
## **Identifying and assessing potential risks related to irregularities.**
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
• the nature of the industry and sector, control environment and business performance including the design of the Company's remuneration policies, key drivers for directors’ remuneration, bonus levels and performance targets;
• results of our enquiries of management about their own identification and assessment of the risks of irregularities;
• any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:
• identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; • detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
• the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
• the matters discussed among the audit engagement team and involving relevant internal specialists, including tax specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.
## **Audit response to risks identified**
As a result of performing the above, we identified revenue recognition as a key audit matter related to the potential risk of fraud.
Our procedures to respond to risks identified included the following:
• reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
• performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
• reading minutes of meetings of those charged with governance
• obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and
• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
**- 10 -**
**INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CYNTHIA SPENCER HOSPICE CHARITY ( ti d) YEAR ENDED 30 SEPTEMBER 2025**
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## **Martin Crooke FCCA (Senior Statutory Auditor) For and on behalf of Kilby Fox**
4 Pavilion Court 600 Pavilion Drive Northampton Business Park Northampton Northamptonshire NN4 7SL
…………………………….
**- 11 -**
**CYNTHIA SPENCER HOSPICE CHARITY CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITY YEAR ENDED 30 SEPTEMBER 2025**
|**Notes**
**Income:**
Donations and legacies
**2**
Other trading activities
**3**
Income from Investments
**4**
**Total Income**
**Expenditure:**
Expenditure on raising funds
**5**
Charitable activities
**7**
**Total Expenditure**
**Net income/ (expenditure) before**
**gains and losses on investment**
Gain/(loss) on fixed investments
Gain/(loss) on current investments
**Net income/(expenses) before transfers**
Transfers between funds
**Net income/(expenditure)**
Gains/(losses) on revaluation of fixed assets
**Net movements in funds in the year**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
1,878,148
700,206
152,138
**2,730,492**
975,987
802,740
**1,778,727**
**951,765**
76,388
-
**1,028,153**
(1,524,994)
(496,841)
-
**(496,841)**
2,080,900
**1,584,059**|**Restricted**
**funds**
**£**
46,579
-
-
**46,579**
-
239,267
**239,267**
**(192,688)**
-
-
**(192,688)**
182,644
(10,044)
-
**(10,044)**
25,915
**15,871**|**Designated**
**funds**
**£**
-
-
-
**-**
-
-
**-**
**-**
-
-
**-**
1,342,350
1,342,350
**-**
**1,342,350**
2,408,381
**3,750,731**|**30**
**September**
**2025**
**Total**
**£**
**1,924,727**
**700,206**
**152,138**
**2,777,071**
**975,987**
**1,042,007**
**2,017,994**
**759,077**
**76,388**
**-**
**835,465**
**-**
**835,465**
**-**
**835,465**
**4,515,196**
**5,350,661**|**30**
**September**
**2024**
**Total**
**£**
722,809
680,430
142,627|
|---|---|---|---|---|---|
||||||**1,545,866**|
||||||1,014,115
1,074,373|
||||||**2,088,488**|
|||||||
||||||**(542,622)**|
||||||97,322
-|
||||||**(445,300)**
-|
||||||(445,300)|
||||||-|
||||||**(445,300)**|
||||||4,960,496|
||||||**4,515,196**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activity.
**The notes on pages 15 to 24 form part of these financial statements. - 12 -**
## **CYNTHIA SPENCER HOSPICE CHARITY CONSOLIDATED AND CHARITY STATEMENT OF FINANCIAL POSITION YEAR ENDED 30 SEPTEMBER 2025**
|**Note**
**NON-CURRENT ASSETS**
Tangible assets
**11**
Intangible assets
**12**
Investments
**13**
**CURRENT ASSETS**
Stock
Debtors and prepayments
**14**
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
**15**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**Funds**
**Unrestricted funds:**
General fund
**16**
Designated funds
**16**
Restricted funds
**16**
**TOTAL FUNDS**|**Group**
**2025**
**£**
**26,614**
**-**
**1,313,284**
**1,339,898**
**6,182**
**176,598**
**3,990,471**
**4,173,251**
**(162,488)**
**4,010,763**
**5,350,661**
**5,350,661**
**1,584,059**
**3,750,731**
**5,334,790**
**15,871**
**5,350,661**|**Group**
**2024**
**£**
7,113
-
1,243,196
1,250,309
7,826
141,942
3,274,840
3,424,608
(159,721)
3,264,887
4,515,196
4,515,196
2,080,900
2,408,381
4,489,281
25,915
4,515,196|**Registered Number: 10934348**
**Charity**
**Charity**
**2025**
**2024**
**£**
**£**
**26,614**
7,113
**-**
-
**1,313,284**
1,243,196
**1,339,898**
1,250,309
**3,688**
5,236
**176,382**
141,612
**3,989,571**
3,272,630
**4,169,641**
3,419,478
**(184,608)**
(180,321)
**3,985,033**
3,239,157
**5,324,931**
4,489,466
**5,324,931**
4,489,466
**1,558,327**
2,055,168
**3,750,733**
2,408,383
**5,309,060**
4,463,551
**15,871**
25,915
**5,324,931**
4,489,466|**Registered Number: 10934348**
**Charity**
**Charity**
**2025**
**2024**
**£**
**£**
**26,614**
7,113
**-**
-
**1,313,284**
1,243,196
**1,339,898**
1,250,309
**3,688**
5,236
**176,382**
141,612
**3,989,571**
3,272,630
**4,169,641**
3,419,478
**(184,608)**
(180,321)
**3,985,033**
3,239,157
**5,324,931**
4,489,466
**5,324,931**
4,489,466
**1,558,327**
2,055,168
**3,750,733**
2,408,383
**5,309,060**
4,463,551
**15,871**
25,915
**5,324,931**
4,489,466|
|---|---|---|---|---|
|||||1,250,309
5,236
141,612
3,272,630|
|||||3,419,478
(180,321)|
|||||3,239,157|
|||||4,489,466|
|||||4,489,466|
|||||2,055,168
2,408,383|
|||||4,463,551
25,915|
|||||4,489,466|
The trustees have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to the members of the company.
These financial statements were approved by the trustees and authorised for issue on ….................................... and are signed on their behalf by:
Pam Nock Charity Chair
The notes on pages 15 to 24 form part of these financial statements **- 13 -**
## **CYNTHIA SPENCER HOSPICE CHARITY CONSOLIDATED STATEMENT OF CASH FLOWS**
## **YEAR ENDED 30 SEPTEMBER 2025**
|**Notes**
**Net cash used in operating activities**
**19**
**Cash flows from investing activities**
Dividend and interest income
Purchase of property, plant and equipment
(Purchase)/Sale of cash investments
(Decrease)/Increase in cash and cash equivalents in the year
Cash and cash equivalent at the beginning of the year
**20**
Total cash and cash equivalent at the end of the year
**20**|**Total funds**
**30 September**
**2025**
**£**
588,972
152,138
(31,779)
6,300
126,659
715,631
3,274,840
3,990,471|**Total funds**
**30 September**
**2024**
**£**|
|---|---|---|
|||(482,367)|
|||142,627
(659)
(12,933)|
|||129,035|
|||(353,332)|
|||3,628,172|
|||3,274,840|
**The notes on pages 15 to 24 form part of these financial statements. - 14 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025**
## **1. ACCOUNTING POLICIES**
## **(a) Basis of preparation of financial statements**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cynthia Spencer Hospice Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant account policy note(s).
## **(b) Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the members in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for a particular purpose. The aim of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **(c) Incoming resources**
All incoming resources are included within the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
## **(d) Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Premises overheads have been allocated on a floor area basis and other overheads have been allocated on the basis of the head count.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Management and administration costs are those relating to constitutional and statutory requirements.
Governance costs comprise all costs incurred in the running of the charity.
## **(e) Tangible Fixed Assets Depreciation**
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Office furniture 3 years straight line IT equipment 3 years straight line Leasehold improvements 3-5 years straight line Shop opening 3 years straight line
## **(f) Intangible Assets**
Amortisation is charged so as to write off the cost of assets over their useful lives, as follows:
Web development costs 3 years straight line
## **(g) Investments**
Assets held for investment purposes are valued at market value at the Statement of Financial Position date where this is materially different from values previously disclosed. Net gains and losses arising on revaluation and disposals during the year are included in the statement of financial activities.
**- 15 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **1. ACCOUNTING POLICIES (continued)**
## **(h) Contributions to Pension Funds**
The pension costs charged against profit represent the amount of the contributions payable to the scheme in respect of the accounting period.
## **2. Income from donations and legacies**
|Donations
Legacies
**3.**
**Income from fundraising**
Events and fundraising
Retail income
Lottery income
**4.**
**Investment Income**
Bank interest
Dividends received
**5.**
**Analysis of expenditure by activity**
Fundraising direct expenditure
Retail expenditure
Fundraising salaries
Overheads and support costs
**6.**
**Analysis and allocation of support costs and overheads**
Support staff costs
External audit fees
Professional fees and services
Office costs
Depreciation and amortisation
Sale of fixed assets
Bank charges|**Support**
**Costs**
**£**
18,480
-
-
135,335
12,278
(3,459)
1,697
164,331|**Note**
**6**
**Governance**
**Costs**
**£**
377
9,963
8,321
-
-
-
-
18,661|**2025**
**£**
788,343
1,136,384
1,924,727
**2025**
**£**
234,473
301,057
164,676
700,206
**2025**
**£**
118,460
33,678
152,138
**2025**
**£**
135,612
325,314
332,069
182,992
975,987
**2025**
**Total**
**£**
18,857
9,963
8,321
135,335
12,278
(3,459)
1,697
182,992|**2024**
**£**
655,919
66,890|
|---|---|---|---|---|
|||||722,809|
|||||**2024**
**£**
169,506
351,953
158,971|
|||||680,430|
|||||**2024**
**£**
109,212
33,415|
|||||142,627|
|||||**2024**
**£**
106,323
445,524
287,962
174,306|
|||||1,014,115|
|||||**2024**
**Total**
**£**
24,458
9,804
10,174
137,960
12,551
(22,311)
1,670|
|||||174,306|
**- 16 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **7. Expenditure on Charitable activities**
|**Expenditure on Charitable activities**|||||
|---|---|---|---|---|
|Medical Equipment Purchases
Core Service Funding
Charity Enhancement of Hospice Care|**Unrestricted**
**Expenditure**
**£**
-
2,834
799,906
802,740|**Restricted**
**Expenditure**
**£**
-
-
239,267
239,267|**2025**
**Total**
**£**
-
2,834
1,039,173
1,042,007|**2024**
**Total**
**£**
-
1,207
1,073,166|
|||||1,074,373|
## **8. Staff costs, trustees remuneration and expenses and the cost of key management personnel**
|Salaries and wages
Social security costs
Pension costs|**2025**
**£**
601,284
58,101
18,966
678,351|**2024**
**£**
642,950
54,939
19,574|
|---|---|---|
|||717,463|
The average number of persons employed by the charity during the period was a follows:
|Raising Funds
Fundraising team
Retail
Charitable activities
Clinical
Support and governance costs
Management
Finance
Marketing|**2025**
**£**
6
9
-
1
2
-
18|**2024**
**£**
5
12
1
1
2
1|
|---|---|---|
|||22|
One employee had employee benefits (excluding employer pension and social security costs) in excess of £60,000 (2024: nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.
Members (Trustees) received no remuneration (2024 - Nil) and were not reimbursed for any of their expenses in the year (2024 - Nil).
The key management personnel of the charity comprise of the trustees, the Chief Executive Officer, Director of Income Generation and Head of Commercial. The total employee benefits including pension contributions and social security costs of the key management personnel of the Charity were £136,729 (2024: £174,970).
## **9. Net Income/(Expenditure)**
|**Net Income/(Expenditure)**|||
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Depreciation|12,278|12,551|
|Profit on sale of fixed assets|(3,459)|(22,311)|
|Auditors' remuneration|9,963|9,804|
## **10. Taxation**
As a charity, Cynthia Spencer Hospice Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. No tax charges have arisen in the charity.
**- 17 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **11. TANGIBLE FIXED ASSETS**
|**Group**
**COST OR VALUATION**
At 1 October 2024
Additions
Transfer
Disposals
**At 30 September 2025**
**DEPRECIATION**
At 1 October 2024
Charge for the year
On disposals
**At 30 September 2025**
**NET BOOK VALUE**
**At 30 September 2025**
At 30 September 2024
**Charity**
**COST OR VALUATION**
At 1 October 2024
Additions
Disposals
**At 30 September 2025**
**DEPRECIATION**
At 1 October 2024
Charge for the year
On disposals
**At 30 September 2025**
**NET BOOK VALUE**
**At 30 September 2025**
At 30 September 2024|**Fixtures &**
**Fittings**
**£**
**33,277**
**24,829**
**-**
**-**
**58,106**
**30,863**
**8,205**
**-**
**39,068**
**19,038**
2,414
**Fixtures &**
**Fittings**
**£**
**33,277**
**24,829**
**-**
**58,106**
**30,863**
**8,205**
**-**
**39,068**
**19,038**
2,414|**Leasehold**
**improvements**
**£**
**75,724**
**-**
**-**
**-**
**75,724**
**74,941**
**268**
**-**
**75,209**
**515**
783
**Leasehold**
**improvements**
**£**
**75,724**
**-**
**-**
**75,724**
**74,941**
**268**
**-**
**75,209**
**515**
783|**Shop costs**
**£**
**13,163**
**-**
**-**
**-**
**13,163**
**13,163**
**-**
**-**
**13,163**
**-**
-
**Shop costs**
**£**
**13,163**
**-**
**-**
**13,163**
**13,163**
**-**
**-**
**13,163**
**-**
-|**IT Equipment**
**£**
**60,893**
**6,950**
**-**
**-**
**67,843**
**56,977**
**3,805**
**-**
**60,782**
**7,061**
3,916
**IT Equipment**
**£**
**60,893**
**6,950**
**-**
**67,843**
**56,977**
**3,805**
**-**
**60,782**
**7,061**
3,916|**Total**
**£**
**183,057**
**31,779**
**-**
**-**|
|---|---|---|---|---|---|
||||||**214,836**|
||||||**175,944**
**12,278**
**-**|
||||||**188,222**|
||||||**26,614**|
||||||7,113|
||||||**Total**
**£**
**183,057**
**31,779**
**-**|
||||||**214,836**|
||||||**175,944**
**12,278**
**-**|
||||||**188,222**|
||||||**26,614**|
||||||7,113|
**- 18 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **12. Intangible assets**
## **Group and charity**
|**COST OR VALUATION**
At 1 October 2024
Additions
Disposals
**At 30 September 2025**
**DEPRECIATION**
At 1 October 2024
Charge for the year
On disposals
**At 30 September 2025**
**NET BOOK VALUE**
**At 30 September 2025**
At 30 September 2024
**Non-current asset investments**
**Listed Investments**
Valuation and net book amount at 1 October 2024
Additions
Disposals
Unrealised gain/(loss)
Valuation on at 30 September 2025|**2025**
**2024**
**£**
**£**
1,243,196
1,132,941
-
-
(6,300)
12,933
76,388
97,322
1,313,284
1,243,196
**Group**|**Website**
**costs**
**£**
14,670
-
-
14,670
14,670
-
-
14,670
-
-
**2025**
**2024**
**£**
**£**
1,243,196
1,132,941
-
-
(6,300)
12,933
76,388
97,322
1,313,284
1,243,196
**Charity**|**Website**
**costs**
**£**
14,670
-
-|
|---|---|---|---|
||||14,670|
||||14,670
-
-|
||||14,670|
||||-|
||||-|
||||1,243,196|
## **13. Non-current asset investments**
Listed investments are stated at their mid market value at the Statement of Financial Position date, unless this is not significantly different from that disclosed, where previous value is maintained.
**- 19 -**
## **CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **14. DEBTORS**
|**DEBTORS**|||||
|---|---|---|---|---|
||**Group**||**Charity**||
||**2025**|**2024**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|Trade debtors|1,116|500|900|170|
|Intercompany Account|-|-|-|-|
|Other debtors|13,581|12,078|13,581|12,078|
|Prepayments and accrued income|161,901|129,364|161,901|129,364|
||176,598|141,942|176,382|141,612|
|**CREDITORS - Amounts falling due within one year**|||||
||**Group**||**Charity**||
||**2025**|**2024**|**2025**|**2024**|
||**£**|**£**|**£**|**£**|
|Trade creditors|99,336|98,789|99,336|98,789|
|Intercompany Account|-|-|22,121|20,930|
|Other taxation and social security|13,934|12,610|13,934|12,610|
|Other creditors|11,771|11,383|11,770|11,053|
|Accruals|37,447|36,939|37,447|36,939|
||162,488|159,721|184,608|180,321|
## **15. CREDITORS - Amounts falling due within one year**
## **16. Statement of Funds**
## **General Fund**
The General Fund represents the free funds to support the hospice for the next 12 months, which are not designated for particular purposes and provide certainty that we can meet our obligations.
## **Designated Fund - Hospice Support**
The Fund has been designated by the members for the general support of the hospice to enhance the services provided. The fund is held to enhance the bereavement services, our educational program and Wellbeing services and continue to enhance our community services. Performance Information for the Wellbeing service is being reviewed and a countywide Task and Finish group has been implemented to establish an understanding of equity across the county in provision of wellbeing and provide an assessment of most effective modelling for a wellbeing service for Northamptonshire. It is therefore envisaged that the allocated funds designated for wellbeing will be used in line with updates and changes expected over the next 3 years.
## **Hospice at Home - restricted fund**
This fund supports patients and family at home.
## **Dreams' Appeal Fund - restricted fund**
This fund provides surprise outings and treats for patients, as requested by the nursing staff at the hospice. The “surprises” are arranged by the staff; the Charity manages the funds on their behalf.
## **End of Life Care - restricted fund**
This is monies held on behalf of the End of Life Care Team, based at the Hospice, for their training, equipment and supplies for patients.
## **Woodland Walk - restricted fund**
This fund supports the expansion of the woodland walk to provide full access to patients and families.
## **CNS Nurses Fund - restricted fund**
This fund supports the services provided by the CNS Nurses.
## **CCG Fund - restricted fund**
This fund is monies held to provide training to the clinical team at the hospice.
## **Woodland Room - restricted fund**
This is a one off fund to support the building and furnishing of the new woodland room at the hospice which will provide an extra space to patients and families.
## **Memory Boxes - restricted fund**
Funds received being utilised for the creation of individual memory boxes which are provided to patient's relatives or friends.
## **Bereavement services - restricted fund**
Funds received to support our new Hummingbird Bereavement service launched in May 2025.
**- 20 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **16. Statement of Funds (continued) Group - 2025**
|**Group - 2025**|||||||
|---|---|---|---|---|---|---|
|**Unrestricted Funds**
General Fund
Subsidiary Undertaking
Designated Fund - Hospice Support
**Total Unrestricted funds**
**Restricted reserves**
Hospice at home
Lymphoedema Restricted Fund
Palliative Neurology Service Restricted Income
End of Life Care
Wellbeing
CNS Nurses Fund
CCG Fund
Woodland Walk
Hospice redecoration
Dreams' appeal
Memory Boxes
Woodland Room
Bereavement Service
**Total restricted funds**
**Total Funds**
**Group - 2024**
**Unrestricted Funds**
General Fund
Subsidiary Undertaking
Designated Fund - Hospice Support
**Total Unrestricted funds**
**Restricted reserves**
Hospice at home
Lymphoedema Restricted Fund
Wellbeing
CNS Nurses Fund
CCG Fund
Woodland Walk
Hospice redecoration
Dreams' appeal
Memory Boxes
Woodland Room
Bereavement Service
**Total restricted funds**
**Total Funds**|**At 1 October**
**2024**
**£**
1,950,365
130,535
2,080,900
2,408,381
4,489,281
-
387
-
-
-
2,551
11,014
1,126
39
680
118
-
10,000
25,915
**4,515,196**
**At 1 October**
**2023**
**£**
2,449,164
121,485
2,570,649
2,373,619
4,944,268
-
-
-
1,846
11,014
1,126
-
2,224
18
-
-
16,228
**4,960,496**|**Incoming**
**Resources**
**£**
2,717,988
12,502
2,730,490
-
2,730,490
42,649
-
-
-
3,575
-
-
200
-
-
155
-
-
46,579
**2,777,069**
**Incoming**
**Resources**
**£**
1,455,751
18,281
1,474,032
-
1,474,032
11,766
387
6,139
705
-
-
2,508
-
100
40,227
10,000
71,832
**1,545,864**|**Outgoing**
**Resources**
**£**
(1,770,352)
(8,373)
(1,778,725)
-
(1,778,725)
(92,129)
-
-
(11,285)
(114,604)
-
-
-
(56)
(360)
-
-
(20,833)
(239,267)
**(2,017,992)**
**Outgoing**
**Resources**
**£**
(1,814,013)
(9,231)
(1,823,244)
-
(1,823,244)
(91,176)
-
(114,826)
-
-
-
(2,469)
(1,544)
-
(44,341)
-
(265,243)
**(2,088,487)**|**Other gains/**
**(losses)**
**£**
76,388
-
76,388
-
76,388
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**76,388**
**Other gains/**
**(losses)**
**£**
97,323
-
97,323
-
97,323
-
-
-
-
-
-
-
-
-
-
-
-
**97,323**|**Transfer**
**between**
**funds**
**£**
(1,524,994)
-
(1,524,994)
1,342,350
(182,644)
49,480
-
-
11,285
111,029
-
-
-
17
-
-
-
10,833
182,644
**-**
**Transfer**
**between**
**funds**
**£**
(237,860)
-
(237,860)
34,762
(203,098)
79,410
-
108,688
-
-
-
-
-
-
4,114
-
203,098
**-**|**At 30**
**September**
**2025**
**£**
1,449,395
134,664|
|||||||1,584,059
3,750,731|
|||||||5,334,790|
|||||||-
387
-
-
-
2,551
11,014
1,326
-
320
273
-
-|
|||||||15,871|
|||||||**5,350,661**|
|||||||**At 30**
**September**
**2024**
**£**
1,950,365
130,535|
|||||||2,080,900
2,408,381|
|||||||4,489,281|
|||||||-
387
-
2,551
11,014
1,126
39
680
118
-
10,000|
|||||||25,915|
|||||||**4,515,196**|
**- 21 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **16. Statement of Funds (continued) Charity - 2025**
|**Unrestricted Funds**
General Fund
Designated Fund - Hospice Support
**Total Unrestricted funds**
**Restricted reserves**
Hospice at home
Lymphoedema Restricted Fund
End of Life Care
Wellbeing
CNS Nurses Fund
CCG Fund
Woodland Walk
Hospice redecoration
Dreams' appeal
Memory Boxes
Bereavement Service
**Total restricted funds**
**Total Funds**
**Charity - 2024**
**Unrestricted Funds**
General Fund
Designated Fund - Hospice Support
**Total Unrestricted funds**
**Restricted reserves**
Hospice at home
Lymphoedema Restricted Fund
Palliative Neurology Service Restricted Income
End of Life Care
Wellbeing
CNS Nurses Fund
CCG Fund
Woodland Walk
Hospice redecoration
Dreams' appeal
Memory Boxes
Woodland Room
Bereavement Service
**Total restricted funds**
**Total Funds**|**At 1 October**
**2024**
**£**
2,055,168
2,408,383
4,463,551
-
387
-
-
2,551
11,014
1,126
39
680
118
10,000
25,915
**4,489,466**
**At 1 October**
**2023**
**£**
2,544,852
2,373,621
4,918,473
-
-
-
-
-
1,846
11,014
1,126
-
2,224
18
-
-
16,228
**4,934,701**|**Incoming**
**Resources**
**£**
2,709,332
-
2,709,332
42,649
-
-
3,575
-
-
200
-
-
155
-
46,579
**2,755,911**
**Incoming**
**Resources**
**£**
1,445,741
-
1,445,741
11,766
387
-
-
6,139
705
-
-
2,508
-
100
40,227
10,000
71,832
**1,517,573**|**Outgoing**
**Resources**
**£**
(1,757,567)
-
(1,757,567)
(92,129)
-
(11,285)
(114,604)
-
-
-
(56)
(360)
-
(20,833)
(239,267)
**(1,996,834)**
**Outgoing**
**Resources**
**£**
(1,794,888)
-
(1,794,888)
(91,176)
-
-
(10,886)
(114,826)
-
-
-
(2,469)
(1,544)
-
(44,341)
-
(265,243)
**(2,060,131)**|**Other gains/**
**(losses)**
**£**
76,388
-
76,388
-
-
-
-
-
-
-
-
-
-
-
-
**76,388**
**Other gains/**
**(losses)**
**£**
97,323
-
97,323
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**97,323**|**Transfer**
**between**
**funds**
**£**
(1,524,994)
1,342,350
(182,644)
49,480
-
11,285
111,029
-
-
-
17
-
-
10,833
182,644
**-**
**Transfer**
**between**
**funds**
**£**
(237,860)
34,762
(203,098)
79,410
-
-
10,886
108,688
-
-
-
-
-
-
4,114
-
203,098
**-**|**At 30**
**September**
**2025**
**£**
1,558,327
3,750,733|
|---|---|---|---|---|---|---|
|||||||5,309,060|
|||||||-
387
-
-
2,551
11,014
1,326
-
320
273
-|
|||||||15,871|
|||||||**5,324,931**|
|||||||**At 30**
**September**
**2024**
**£**
2,055,168
2,408,383|
|||||||4,463,551|
|||||||-
387
-
-
-
2,551
11,014
1,126
39
680
118
-
10,000|
|||||||25,915|
|||||||**4,489,466**|
**-22-**
## **CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **17. Analysis of Net Assets between funds**
|**2025**
Fixed assets
Current assets
Current liabilities
**2024**
Fixed assets
Current assets
Current liabilities
**Commitments**
Group
No later than one year
Later than one year and not later than five years
Later than five years
Charity
No later than one year
Later than one year and not later than five years
Later than five years|**General**
**Funds**
**£**
-
1,746,547
(162,488)
1,584,059
**General**
**Funds**
**£**
-
2,240,621
(159,721)
2,080,900|**Designated**
**Funds**
**£**
1,339,898
2,410,833
-
3,750,731
**Designated**
**Funds**
**£**
1,250,309
1,158,072
-
2,408,381|**Restricted**
**Funds**
**£**
-
15,871
-|**Total Funds**
**2025**
**£**
1,339,898
4,173,251
(162,488)|
|---|---|---|---|---|
||||15,871|5,350,661|
||||**Restricted**
**Funds**
**£**
-
25,915
-|**Total Funds**
**2024**
**£**
1,250,309
3,424,608
(159,721)|
||||25,915|4,515,196|
||||**2025**
**£**
97,899
123,539
-|2024
£
97,899
123,539
-|
||||221,438|221,438|
||||**2025**
**£**
97,899
123,539
-|2024
£
97,899
123,539
-|
||||221,438|221,438|
## **18. Commitments**
**- 23 -**
**CYNTHIA SPENCER HOSPICE CHARITY NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 30 SEPTEMBER 2025**
## **19. Reconciliation of net movements in funds to net cash flow from operating activities**
|**Reconciliation of net movements in funds to net cash flow from operating activities**|||
|---|---|---|
|**Net movement in funds**
Deduct dividend and interest income from investments
Deduct (gain)/loss on investments
Decrease/(Increase) in stock
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
Add depreciation
**Analysis of cash and cash equivalents**
Cash at bank and in hand
Unexpended investment cash|**2025**
**£**
835,465
(152,138)
(76,388)
1,644
(34,656)
2,767
12,278|2024
£
(445,300)
(142,627)
(97,322)
2,735
190,522
(2,926)
12,551|
||588,972|(482,367)|
||**2025**
**£**
3,990,471
-|2024
£
3,274,840
-|
||3,990,471|3,274,840|
## **20. Analysis of cash and cash equivalents**
## **21. Activities to generate funds: Trading subsidiary**
The charity controls Cynthia Spencer Hospice Ventures Limited which is incorporated in England and Wales. The subsidiary is a trading company that transfers its taxable profit to the charity by a Gift Aid Declaration. A summary of the trading results is shown below. The principal activity of the company during the year was providing trading activities on behalf of Cynthia Spencer Hospice Charity, a charity registered in the UK.
|**Profit and Loss Account**
Turnover
Cost of sales
Gross Profit
Administration expenses
Operating profit
Foreign exchange loss
Interest paid on loan
Amount gift aided to charity
Profit/ (loss) for the year
**Balance sheet**
Fixed assets
Current assets
Current liabilities
**Represent by**
Revaluation reserve
Profit and loss account|**2025**
**£**
21,158
(2,209)|2024
£
28,291
(4,300)|
|---|---|---|
||18,949
(17,062)|23,991
(24,056)|
||1,887
-
-
(1,887)|(65)
-
-
-|
||-|(65)|
||**2025**
**£**
-
23,502
-|2024
£
-
23,832
(330)|
||23,502|23,502|
||-
23,502|-
23,502|
||23,502|23,502|
**- 24 -**