St Raphael's Hospice
Annual Roport Flnanc131 Stat•m•nts
For ih• y•ar onded 31st M•r¢h 2025
Com￿n¥ Llmlted by Gu¥rartee
aw*Wltritknr*￿. I￿2636

St R•ph•eVs Hospi¢e
Annual Report and FI￿n(laI513ternents
Fort￿Year erthl 31st Marth 2025
Contents
RefererKe 0￿1 admintsiratfve det•lLs
Tru5tees' report
Independent audftorfs rep
3.12
13-15
FIMnd•l St•ieiMhts
16
ÈaLihce sheet
Statement olcash fl
ot¢s to th¢ fimhcitil st8t¢m¢nts
17
18
1>32

Annul R•port Ind FINnEthISlatmw
F#fihv y•ar•TrJod 31stM4rGh 2•26
F&R
F&R
coss
I*Ed¢r￿￿
FIR
ro)ety9 TT

St Raph#¢l's HgJFi
TryMee$' Report for theyearen(W Jlst Marth Z025
Jolnt Ch•lr and CEO Report
Thr ¢nOc(1 3151 Marrh 202S has betn o ¥ery TurrR*nr thariLY. AS noted In our Keport last year. Infiati￿ary
we55ures whth wwe not matLW by i￿reaSe5 in NHS tB. othei fiJndin& meaht that the Agard had w lake rhe hu8ely
ffirlilt A￿]¢1￿￿ th rost b3so Élm ort 3n a￿￿?11$4￿ ty•siS. Thi5 r45u*•J in dov•r* r•dundants¢s h1heteen
Other reductK*)s io hour5 and than8e5 to rolEs and affected all areas of w wtrk. Iline of the redundancies were IDr cliniol
iole5 and Inclth cea5in8our How"ce èi seThice and red￿ting{XU Sperialfji Cornrnunity PallIat￿e Care iÈam by 20%. A5
re5dt olthisexercise.*r loslov￿ 12oyeats0fexffjexw￿e.
Wt ale Brateful to the tetym lor hthv thty have reSP￿ded throWouL INS Ume Ir* ordw 10 Iictornfflpdale ¢hE
han8es. They mairfaffled IhÈ hith siand¥d ol <are aCh￿*d in th¢ yèars *nd continued to support than
e In evety four pe(K4e who d￿1 in MErton and ¥Alh tyji s¢ecia1151 clinKal cale free of thar4e. Wè als
served farniky membtis and ¢¢hei loved one5 I￿OUl￿ LHJf C￿5￿11￿ SeTrke, Swal Wellbeiw Cenire and Hospice
NeIghb￿jr$ ieams alongs￿ethe athictand gLAthnt* It(#Th (￿M￿nIty 5peuali5t Nuis*w Medical and lfvPatiÈnt ¢eam5. In
all. we sLwwted 20% more pe¢¥le *7ih il*seseTrice511.769lthan in ihe pr￿￿usY¢alII,17o we •re very proud of ow
te¥m'5 POSItiveit￿TnbUl￿to ourctyhhMJ￿ity. One SaHI..
In AU8UST 2Q24. rhe Bo•rd wue F*a5ed to announ￿ fh•t wr Chr*tsi ￿te1C¥. Betea Trower, woutyj step up Inio a nt* iolnt.
CÉO rol@whi1st ietakninl her cjlnical 1*soons*41il￿s ledcoj the pu￿1￿￿ that arose lo¢alty W hatwn•l￿ as 51 Raphael'¥
akinB wlth 20% 01 ho$￿￿$ Ih th• VK. wrth th• irnpact ol ¢0515. She wJs inlervwoé as tho
¢e leaturcd on B8C L+JDdon BBC thxnln8 rt*s •W ￿th Ch•nnel S n**S. These TV le￿5 ITKIu￿ pryulul
Inter￿ewS¥￿Ih patthsand volunieersTr*thi¢h helpedlo A15eihewofileolthe H￿re and Ihesectcl.
wè arè grateful to Hosth VK ft* champwn¢ thest Is$￿ thch vhimatdy led ta £ltxkn ol ¢ipt¥ 8rJnt ￿1n& awarded by
the Government the hoswc¢ strtcrf. Whilst tlis does addFe$5 Ihe undetyw operaiiTr8 COS¢ irKrease. il 15 a iecD8nliion
tDat M5pice5 WOV￿*3 ¥iiai knaisuwceth3115 lultyiniw*eOintO Ihe heanh %y5tem and thai It lsan hisiorlc anomalylhai so
Iltlle of The cosi Ss lunded the Treasury. In thirtv ¥Mih our hoswce c£Ale4ues we wll continue to pre55 101
4nhan£•d tundihlat Iocèland ￿tion￿ Iy*el.
Fr41owlni ihe medla putslcrty and throush Ihe ex¢elb*)I ol w IrKorne Gener4tlon ieams, C￿mUnICa1￿￿% and many
othws, we èn improvweni In donati￿5 in the setond hèll ol year l¥rice the •ntyJni rai￿ is in thp fir51 hall.
We ale en¢our3ied thai thi% ttend h¥$ coTrtinued into the nthv finahÈi*l yt4r. We •lso saw our r•co¥*ry ￿1*7¢11￿¢d
whllsi tyJrlnvesiwt In I￿lery1e￿U1ITr￿i Wehled ?,oxire* pl￿tobIl￿ thetotal to 8.5(K)perwe*k.
ThroL¥houl the ¥tar Qui IT ie¥n afy1 C4P•s hè* hard lo our IT infrnsiructure from * CitAx based'on prern15e'
loimai to a Mlcrosoft based'¢loud' This vasi ryoieci ha5 been ￿dertak*Th In the mldsi of #ur mwny chawes ind has
i wllli dltnLVJt ifflvfupEw)n io rw5*5S ès Usual. Thls work has the in ie5Ptylse io Ine -ransomware
rtacv whkh ttcuired kn odobtt 2023. Vlhilm ih15attxk mana8ed Smooth￿ ihd sY51em5 re510red ovwnl¢hl. a ife•t
achi￿eMent. we recrynised that hdd datA hA% ￿lIn￿rAhillIi￿ ihAt rnN• fiilly hdd In th•'cloud'.
Theseactions support ovr¥ssur¥ncestolhe knforrnaiitir*C¢¥nmiSS#Wts ¢YfKe rnade ffdlrMin8ihe atiack.
Aswe haby cometothe ￿￿o10Yr 201924 straleeyof'EVV15ed￿ ￿(el￿￿e. nlyn8visibilty and lakin& every opportLrfty
to en8a8e wllh wi ￿M￿nity in Lydtr io raise the fund5 we needl we can track on èn ÉxiraDrdinary period wlth the
pandemic BI￿& Way 10 wexpecied war and ￿th a chalkn8ir4 err￿￿ backorw of infiaiioTh aThJ a cosi of Ilvln8 uls15. We
h•Yè an 48in8 pDpuI?rhin ￿1h more COrnFkn wds Iwjih and p$￿¢$￿aly. we are now develowng
tho comin8pen￿?rQy￿d1￿priorltles.. OUrCare,O￿v Commutlity. O¥r P¢oplE Incorne.
We know that Ihe futurè continuès ID bE ￿515 have r15th ty a lurther É350.rth) linduding É150,LW Empbyers.
NICI despite ow non.cllnital statt a pay-rise I￿ 2025 and our KB tyfMdinR an Èxtra É88.fMI)towèrd5 Ihis. bui
we face this with renewed ¥wur and dettsminatwjn lo coniime to prtr￿e extdleni speci•li5t ￿￿-D1-lIfe and palllatlve care
5wvice5 fLYther• aDd&Jti
luLwe.
Norman Mcwninw. cha

St R•phMVs HvspiEe
Trustt*s' Report for I￿¥¢are￿ded Jtst Marth 2025. continu•d
ThpTIu51ee5. who are a150 the thieaors of Ihe coM￿nY fw the pwp05e5 ofojmpany law. pre5eni ihelr report ènd
the finawial statements OF St Aaohaefs Hosrire fav thE yew ended 31 March 2025. th)hStitute5 th￿ StrateBic A•port for
the purptyse5 ofcompatylw.
The flJ)anckal Slalernents are presenied in aCCwda￿e wfth the acctyJntI￿ pditie5 Set twt on pa8e5 19 to 22 Iherwn and
comply wSlh the Memoranthjrn and Artic*s of AsSO(wkx of St Waefs HOSPK* aNI United Kingdom ACt￿ntinE 5tand3rds
(Unbted Kln8d¢Jm GeTrEralty kcwtln8 Piarti¢el Accwnting RepryunB ty Charitles.. Statement •1
AecvpDmcThIEd Practice ￿l¢•￿e lo chaiitlej prep•tiw t￿1r in ￿￿rdance wilh the F￿na￿la• Aewiiil8 Sl•ithid
kable Inthe Uxand RepuNk oiirÈlahd{FR$ 1021.
A¢hl¢v¢ment5 forthe year
¢Jwrtportforlastytarthtre ¥J*ve Ihr*¢ M*¥$ty•n*tsthe￿•nlor 20Z+I5.'
L. Reducecost and maintain ser
2. Maximisethe ImpKr ofhKieased profi￿￿¥¢￿4*M¢nl￿*hwr¢tyThmV
3. R￿￿eW1heSIrnf¢ly for202>2030
• After con5uttin8 wih staff over the r*bJ op11￿$ which would reduce wr w51-base by ¢Elm with effett Iiom
Apnl 2025 we iMp￿Mented the adJU￿¢d Wah. The aim was to minirni5e iedundancies Jrnd the lrnpact on service dellveryj
J¢fVi¢e 9¥•1￿y sefykt level>. re¥￿￿ ¥Aere m•de r¢dund•ni Vwn W*ere Inill•lly b)rop05ed111 LUIIIVaied tv 12-1>
PVOP05edl. In Jdditknn to the red￿ndOMIes. riintie•i si•H tedweo thelr IyJr5 oi chwyd their ioles to enaNe servke io
continue lobe delivered I￿5 re&KeOie50LVtt ￿.ThIS￿￿ membews oflheÉxec I￿rn which reduced h 0.8FTE.
tres￿1e the reducrlon5 ro staff resoui¢t. p•rtk￿r￿ te¥m. Ihe number of rtleirals I￿reaSe4 8%
<ompared wlth ihe year and across ser¥kes l*il, Community. wel1tel￿ Work and P5vcholWcal Supportl
**syppoiied 20% m￿e yopie.
• Oui iet*l ttam tom ¢ontrt4 •#d 4*ome yrywth thth45t pous4w the r&ns lor 8rwr4 huth￿r ol shop5. TN5
v*lded a 15% Increase ITr t￿(Me W￿[h a 4% reduct￿ costs. Ha¥lni a¢Nvrtd • sirw comrlbuibTh towards the tost of
iunninK the chariiywe w411 resume the ￿an$t0 e51ate.
In I1￿ with the 51watetr ol Eve. we k)oked io maxSm15* IM Irn￿ ol the nws we 4rt fieedEd io reduce c05l5 In
tSPOnse tv inflDt1gTrdrl￿n w54 vTrJ Ivilh litlle luThdiw fiorn ilr NHS QJiriiiiI55kn￿lS. We Luiii￿¥1￿d d duur-
op io all h¢Yhts in ow •re• IS0.C￿ hrme51 and used 50Lial metha in.trthse (ommunlcoilon to back up the
¢XP05urEarlslnA frorn TV and radk) 1ftteN￿. we w i wificanr Increa5elThdoTraiions in ¢heseeond hilf of the ￿ar.
. rogether wilh 0￿r neiqhboYrt￿ hospices. wt toniinued to ewage wlth Commlssloners. SWL IC8. In an effort to ach￿¥￿
a hi8her lthyl ol 5UKPYI. We wwt8raidul to bE allorded 4 ILN IrKrea5e in tyjr cole 8rnnL Sthn8 It r15e tsy£167.C
to É1.8M.
• we undertfx* a lar8e re¢ruiiment drrye in ihe A￿Um￿ and Winter to the numlw of players lor OLY lottèry b¥ re-
n¥d¥in¥ flt¢irb%)X •IEfy EO run a campa￿. TThlS wls sutte55fv1 In rt51ni 2wJ Flays each we@k tts brJn8 the ioial to
8,530.
Rcvkwth¢*ro*gyfvrZOZM
WhI5t <ontinuin8 wfth tA￿l* rAans ioirtrw our profi￿ i￿ne. we beiaTh ihE oldÈ￿lO￿nO a new strateBy for
thq conigxt of ih• ccthSno ￿¥s. Ci)n%*SalIL￿ and abse￿3¥￿ ol other hospices and charitics wc fch that 0 2 ￿ar
horizon. wfth theabilityio rou fdrw•rd. Irtter5uiled ihe¢¥rrent tsst<hwinR eMroThmetrt.
A staff suNe¥ was uThlertaken to h*lp ihE lor ihe rev•¥ and IFMS. ￿OnI othÈr thinB5, helped focu5 Qur
straieEy rnthTe Sh￿￿V on four kev Ni¢rilies'. Out Care. Our Comrnunity. Our PÈc4¢. Our Inc(*he. ThE5e elernenls are bel
woven intoour¢)PEfaiiwplan5 md1hestrnw￿llkt wl4ishtd￿thrsmnrneffOt2O25.
Overall the(￿rI[¥￿d 01£334kIortht￿CLwaredt*1th • ol£L191kts5tyear.

St R•ph•eVs Hosw
Tru51ees' Report for theyear*ndÈd Jlst Marth 1025. continued
Tot31 In¢omo r¢Xè by to £9 52m 11023-14.. £7.&2ffl1. Dtrnatkin 74% to £2.9m 12023 24-. É1.6?rnl whilc
legaues were ar É1.6m12023-24". £1.fknl. Cornmefcial income Ireta4 aThl ￿11￿¥) 8rew ty 14% to reach £2.37m12023-24..
£2.08ml. Income Iram ch￿liatIe￿Illyit1e$O1Vw 16% to El.9fm)12022.23.. £1.70ml, ha*f of the vowth rdated to the incrÈasÉ
core contract fu￿dIng¥jrth hallarly￿ ftLmThConl￿Ui￿1CarE p3yfflents and DnÈ4)1It￿trJcI5
Chrwr•l c0515 Stayed awoximaiefy al É5.$4m 12023-24 £5.74ml, wilh intseise5 in the half offset by sI￿n8$ In the
secoNJ n*1. Ihe fundTa151n8 team and c051s (part ol tyJr If￿orne Generaiion cosisl rose £60k to £969k 12023-14.. £909kl.
lottery costs wele up £IC¥)k as we i￿rEased in¥e5tmem kn a ¢arnpai￿ to inciea5e players. Vndertyini retèll costs. excludin8
£IIOk pro¥*sion lor dilwdations. fdl mawnaltythyr lèst ¥e*. t•tsl w5ts É9.2m*thith am4wt$ to an 4%
crease¢¥erihe wewtyJ5yEarl2013-24.' E8.86ml.
Awulsftkn5 and dlsposals of fixed asswsdwingt￿VQ3ff arÈrÈeordÈd in IhEnotesio ihe batsrdcesheet.
The thar¢￿5 cash baLin¢e at the eMI oltheyear amounied to El.Om12023-24.. £L.6rn1 clwfiich El.4m related to the deferyed
in¢ome cre¢Jftcr12023.24.'£1.4ffl}. In ath*lontheth•rlty hEldW￿rnenl5 v¥ued at É1.7rn12023.24'. El.7rn1.
Total fuhds èl 31 March 2025 io£4.6M12013.Z4.. £4.29ml deslywied o1£0.98rn12023-24.' £1.18ml.
The de￿i￿ated fuTrJ is revesefited ty Ihè w tx¥* walupo114r4ibL• fix•d whkh *tèii&&4 In the day io day 4vork of th•
Ho$￿{¢ and amounis sel ash4e fu fix¢¢ IS￿ XiUi%itioDS ￿ the next tweh* mtyiihs. and herKe. the lund is not avaiiawe for
w(xk1nitipit￿Cofflml1rnen1$.
Free reswve5 are that element ol unrestrKted fwknJ5 are [￿a￿ble lor firtuve 5peThthr4 and ¥e thereforè talwl4led
iakih8 the ¢vtaÈ unieslrlcled lunds ol tht ¢hatity and dEductts¥ any balances not a¥all•ble foi fuluie spendin& Indudl
des58n•ied lunds W￿(h habt i*yii T1￿￿1￿¢5 loi a parthpJl•r owK#)se. The Tiusiees have declded thai the
requlred knl ol Ire¢ reser￿ ShoubJ bt bel￿ three- si¥.rnc￿s' QPtraiir4 eX[￿thure which £2.3m and
£4.6m.
The liee reseNes èt the end ol Iht vw ￿oUnted to É3.6m11023-24.. £3ffi1 thuefore the Tntstees •re hipw Ih•t tNs Is
suffitienl lor the{￿rIlY's foreseeawe need
th￿$¢￿¢1>¢$
The Twsttes have an Inyesrmem Pdky which rneeis thÈ Charit￿% 0￿￿11￿15 ￿der ihe Chèrllles SOAP FRS102 to ensure a
ell*ttfv* 5ysi¢m lor the In¥esirneni of tèth. thE 11￿MmIng ol lknety •hd rehab￿ cash llw fwe¢•sis to the Trustees Jnd
ensuiini Ihe t￿￿Ance wrth reknhi statu¢ryy and ie4ulitory reqimiemenis. The 15 fvIIy CL¥Thpllani wllh tht
re9ySrementJ seityjt ih'CC14.. c￿rItI¢l •nd knwestmeni m&teis. asthfvr by the Choiity comm1551N.
The Twsite Boaid hdds obYr4r¢Nr4 Q•v$1￿1 ol. and •t￿jn￿blll1y ts. Ihe tharit￿5 approach to <•sh mana8eméht.
br1￿$1M*￿t and Th• & Reswrc•s Commltteè i* re5pthI4We lor rewthvirt8 tshd mDThitarini the chvrlt¢i In
h•hd. cashftow foreu515, approach to iiwe5lrnerfs re￿Ied ￿rftymanct • resu￿r Sl ftaph•ef5 H¢spKe employs
the servlees of investmeni rnana8ers, ItuNently S¥¥sin & Partws iLPI. vtho provide Y[￿e5 Oh the perfoirnance ol
Raphael's Hosp*e'5 invesimenis •fvice on howreturnsc•n t* athle*d in linowilhthetharttrfs ovwaichihB approach.
In accwoance wth the constit￿lOn31 obieas ol the charty, thE Twstees ha¥e insirvded the investment mana8ei to be
nslllve io ethKS and ieliwlxo prirw*s ot the cath￿1( Churth. Thry are ins1r￿ to try to avohl any in¥@simenis In
ontra¥ertk)h •1 Ihese •nd io hiehlitht ¥eas ol PDt¢nti•l 3ertyti￿1V. The ￿VeStmEnt mart•8ers •re ¥50 encoura8ed to en8a8e
wilh th¢ ¢omp•ni*S thesE is>yes. P•rtic￿•1 conE¢m will be •ttéthEd to i¢l•i¢Él kL¥ Illy
ofhum¥n Ilfe and hjman r*hlS, •swell •séiscrirriwllun•yknst wsecttysofsw*ty.
The Board and Ihe Fin•h¢e •¥J ftesoUr￿ Committee ie8utswly re¥ivw the short. and medium.len￿ financlal lorecasts and
consider various stenarios and assumptths. The overnm 5￿u5 of t334k representèd an imprwemeffj of E800k oveT thÈ
d8ei and this wa5 large￿ due io tmOr￿d I￿oM￿ 6enLYalk￿ resvtts Icosts bdow budaet and Irthmè abpve budBetl. These
•mpri)¥ed ie5ul¢S ￿k)Yed thE e¥ercise ol CO￿ rethxtkn de&￿￿￿] w ensure Ihai w mst base Is maimilred at a
fftana8ea￿e
The strnte8¥ of ￿vE- w•$ desig￿ io emure ENcelkn<e in all thal we th), ra155n8Our ￿￿t￿lIty a¢¥Q55 MertDn and Suiion and
takitl8 every opportunity f¢1 En6asemertl *ith ¢yrnmunity. in 0Fdor tp r•ise the fvDds that we need. 11 I•￿￿lI￿lI
retruh a largerand exwknKed team otfWdra￿erSand rf( created a Io¢u55ed Oirector f￿￿. In order ￿ athieveihik In 2024-25
we have 10 See the fruii ol this wilh mu(h ie5ults and we cty)tinue to See ihi5 lThto 2Q25-26 IQI being 50%

51 Iloph•el'5
Trustees. Report lorthe year el￿e￿ 31M M¥th20Z5. tort￿￿￿d
Inve51meM in growin8 the tra5e of Lotiery ha5 been sUt£essfv1 and thiqTAI In¢¥ease c￿￿￿￿l￿n DVEr the
coming yeais. we are also plènnin8 to ir*rÈasÈ the numb2r of r￿all auiw5. whilsi keepin8 a d05e ¢￿tr￿ o¥er cosis. 50 Ihat
retsil Wtri￿li0￿ also 8rtr•s. These meawfe5. V*ith redLKIbx￿ uTh*rtaken ￿ 2024, are projecod io provide
the thDrit¥ with • )¥>t•irwble J¥rpluJ from2027-2&
Thc Tru5tce5. Ihcrelwe. remain sal￿fied thai Hospice's finandal proieakns. whth In*aie a susialnable lulure. ale
reasohable IhJt Ihert èrt Suffieieiit to continue operatins to Ihiknlities as ihty lall dye the
foreseeable lutuie and that the balaKe is Suffitienlfy rnbu￿ to IhE Hospice tirneto ￿5￿d effectively if irhcome
proJe¢tk￿s deteii¢rate5i8niflcaMty.
Plans for2025-Z6
l. l*velop4indPubllsh I￿StrO1￿￿101S2TU￿Itrt￿
. Our Care." impxiand Quality
• Ourcommunity.. chamw0n1n8￿rf ¥trtal Rol¢
• Our PeO￿t.. Emptywwin8ow siafl and VIAuht¢WSW Ev
. Oyr Fundin$".Sewln8•Su5tsinobleSuwre
• We wlll PU￿1$kn ow SI1•1￿ •hd enswt 4nd •¢tltyu •hAn wllh these #b￿dIVe5 l￿d our MI551c￿ and v￿UeS
Statements.
Z. Refrejlj lite Ornftdondryn¢w•ur W*￿*
* We wlll reliesh oui t*andini and lwdaie 8Wlr*s to prote55twl temW3ie5 10 Support all
r ￿ik in¢lydin8 pre5entatMJns. Infry￿ri0￿ts￿kj?IS. W5W5 JThdbann￿$ and. tyi dUP￿r5e, all our Ilteratwe.
We will ¢ttlil¢ • hevi ¥￿b$￿te fof the ho>pice whKh VOVhl¢J •n •Keuible s•*w•y for lThlormotbD. professloMI
support. siall •nd vd¥r*teer Se¢¢Ky)s an •lsoenhèrte our lundrasM% 1*14 l￿d kn¢iery exwsure. The web511e wlll Incorporare
rnewbrandinq lo brin8 It banI￿DIo￿lIe lorthe laie 20205.
Wp wlll cle￿p a npw Mithi-Faith Sw• Int Ihmilix. 4txll w4iinl*S io use. Th1$ slt •kn851de ¥Tr
¢omplim•nt •urCh*ptl h¢ilty thhdtht Refierfbby SpKe hwynlour 8ook 01Ren￿mbr•ft¢t,
• We *lll upyadè our VAieal Suppty Roc4* to twent Judit Jnd 5Kurity stathrds,. retre5h our staff chan8lni f•dlities ar
imwove Pali*nt loom functi￿￿$1¥. We ioenh*xe•M Gardpn iofaciliiaie rn￿￿1￿¢ uses.
. We wlll rev￿ our 510ra6e <apaciiy In Iree ciknical spxe also 4lm to tyri￿ ¢w Caie And Flninte
learns onio the H05pi¢esite.
we ￿11 work haro io nurrure ihe re￿71￿$￿1￿ Lottery pWs iwlde all other 5t Raphael svwter5, to keep
Ihtm infrqmed•nd ery8ed andtominimlseaitrttion olihis Imwtaftt yo¥p.
• W• will r￿rul1 a t4arn lo swk rhwi L•iiory pl•y•rs a ¢tylSiSt•Tht campawn all thvou8h the Yeai. We wlll )Im
its voluffltwv recr&*t¢rs to ￿ 8royp •id IQ uw.seu Olhet means ol •￿pp￿4 •5 rc8ul¥ d9Th•￿•￿S and le•*n¢ •
le8aCY.
5tnJrturei w•rn¥rK• and man•8•m•nl
tmytltrrtlcn
Si R•ph3efs Hp5pl¢e 6 •{￿rI￿ble Com￿n¥ Ilmsied by 8uaianiee1117325671 ￿￿1￿￿ra1ed w 18 DtttmbeT 2018 In EnBiand
and wa￿5. tt Is registered ès• tharitywiththe Ch*ty(on￿i5Sh?nl1l326361. tts8o¥erniw d￿m￿l Is 115 Memorortlum and
ArticlesolASsOthit￿n.
The obiert ol the charity isthe rewof ikn affld Sullerkn8￿ aLwrdancew7th the Le￿h1n& lites al￿ wactices ofthe Catholk
Churth. ￿..
I. W0￿S1on of p8liatNe ta￿, trea1Th￿t ar r￿￿01 people ol all wfth attwe, woyesswe or ad¥anted Illre$5 on the
Sis of need ie8ardlessof theirTe1i8iovs.<￿Vr￿l oreithiEbKk8round."
l. •iNJ Lv and bEtr￿[￿r￿. In ￿tIl[￿hr tstnlllE5,
carer5;

)1 R4ph4eY5 Nosplce
TNstees' Report forthe y*ar•nd¢d 3151 2025. COn￿r￿jed
Chtsrftobltcbled4
3.Conduttwis, wom0U￿ or comm5x)ring re5earth inio ltte ore, i￿31ment and reliel of rwfe wfferkn8 frorn 3tt4anced,
artive and progre55Ne Illne￿ and trrfpi￿￿inEfLVIhe dissemu)alionof there5utts of such re5eorch.. and
4.The wowsion oleducawiand Thnin81ry *￿¥<￿*￿e¢r5 ewayd in palat￿are.
Pubjlrbentfft
The Trustees w¥e careful ¢MSMIEtatk)n lo the ChJrdy Cornmission's ￿*danCe on benefrt when settin& the Hosycd5
aims and vbie£twe5 activrt*5. Y HaPh*'S we cmitscts ¥wth South West London Clinical Commlsslonihs
Gvoup5 ISWL CCGI io wov#le Support to people whosÈ GP t5 b•5ed wrthin the London BorDu8hs ol Merton an
Sutton. a powlatithi ol around 420.1YY). We 5UPPOrt nwe ihan one Out ￿ every four who die each yeaf in these
borcwJ8h5 and access to our semces is on ihe bèsis of hetd ènd open lo referr￿ trc#n b heallhcaie professional. (sr.
In the case DI kneavement suprKMt and the w ￿Th8 well poew•nmÈ. 5elf-relerrdl. There 15 no char8@ to patients (Y thelr
ff)milie5 fu any of out care serY*es. a￿dit￿n to Ihe dwe¢t be￿ there Is •i I￿lIfect benefrt io all iesldents who tan bE
reassurtd thai the HosyewiU b¢thev¢f4X themor lorthelrkyrtdohes. shouw thVrfq￿rneed it.
Referrals for hospke èit Wed lor wilha lile ￿mIll￿￿¢￿nd111)) who ale ehteriry tht115t twd¥e momhs ol
. 5ymptorn coTrtrc4
. PSy¢ho￿l￿41or$P￿rrtUol￿5S￿s
Termln•l ￿re
DittlcUrtde¢lsl￿5.+j￿Ced ¢arepl￿[r& 01tty￿r51lkn5 *xrf oflleca
. Svpport fforf•rnltyor frIEnds
Cllnlcaland nur51n8c¥e Pr￿de<1tythel¢4nffiu￿rtYIeaffl aiw ￿d(￿M￿￿on5hIP￿FpM kyovidedty
Hospiceèt Htyne ot ¥¢hJoteer H05wce Nei8hbroJrs in th•rWe
. WoUbcin6and IMnÉwell stM¢t51oi put￿ntS4￿d¥thc1 >elff-relerreO¢ornrnwttymembetit4tihtr ￿th tPtlrrJrtr>
The Hospi¢e surwts ad￿$ In K4ertM •nd Sultoh ha¥e beeTh rof¢Ned W Ihe HO$￿te h•vÈ Ic that refe￿*1. If
Ih•Y do ntyt h￿th+ m•ntJlcapxity kn do ww4 C¢￿sk￿r eahhÈlp m•ot Ihoir tr￿$1 1n1eruts￿thSfj tho eohttht of
le8lsl•iion a5 ifve mIn￿ C•paciiyJxt, MeffttalHeallh*KI and Oeth•l￿oI UtertY8uldance.
Famillp5. carer5 01 thw cln%p in a rthlipnl ￿.•Pl*￿ Irdr %•rvbr￿clTh ￿ r•f•rrod or ￿(•S6 c4rt3iD t￿lrOwN
ri8ht, when IW•re Jlfe¢ted b¥the pat￿1,$ Aknessor dtthth. Thtse supyt and ￿UnSellI￿ •tiehd•n
atthe Men'5 Qen, U¥*Wenand ¢Xher sessl¢nshld kn tre WellWCefftire.
The Yruit¢¢i
The Board of Trusiees Iwhi¢h thE Bowd DI V*eaors far ihe wrp)5ts 01 Ihe Compantes Artl CL¥nk¥15e5 è mlnlrnum
f five • maximurn of twel¥e TrLtsiees. ol a m)Tryity mu51 be cal￿1￿c. They $￿Id mee¢ 6$ a 6gèrd al lea51 f
time5 pei year. The Boaid Is l￿ded its iovwrt•hte ty an indepenthnt, qualthed Clèrk who pwf•rMS Cvmpany secreta1￿1
luTretlons.
The Board del4ate5 and to the ttyXn￿IléÈS". Clnitsl Quallty and G￿r￿nCe,. Fihartte •nd
Resour¢e5'. Incorne GeneratKin and Cornmunicatths èrd Humbn Resourtes Iwhirh 14 ihp R•miinwatihh fommilt•el
Termsof reference definereSp0n￿￿Il*Sart￿1￿Wte￿•ythorl1V￿ndare rth4e¥%*dre8U1ady￿Ihp Board.
The membetship ol umrniriees Is made ol TNstees. ihdependent ath5ers who ale seleaed lor tt*ir SPECI￿151 expErtise
and se￿1 managers ol the £hèrity. Minutes ol tommiuee are £ircuhtÈd lo the Bowd and ¢ommiiree Chaiis report
t¢ the B¢•id On i$5ue5 and dKisians.
There 15 3 framework foi Board 5ell.rewewi •udrf¢ (kw*s upm the Charlty Gtrerhan¢e lor 5mallei
th•iitSes and the Owi¢omes of the sdf*¥ah••Eknb are io Inlutiii fut atvj CommI￿Ce g¥enO35. Irainini
CPPOrtL¥￿E￿S, and h*rther With￿¢. Th￿e is a lormal process fty the weuuitment of new Trustee5 èndlor Cornmiltee
Membets**o are needEd to fill skills lap4 aTh4vaC3mtiP% As Ihry ariEp Fytprffal ad￿￿kS1n£ in 4uit)No modij 1% ￿m￿O¥9d whih
forrnal interv￿¥ prrKes5 taknTr8 ￿a¢¢ belore a <aTr*dale is prw5ed io the Board. A simple ￿￿1(¥1￿ dea5ion of the Btsayd Is
rewired unts constitviion Ml ordEW foranapptynimeni top¥￿eed.
NewTru51ee5 and Commrtiee Members attend 3n Ind￿￿1￿ wineto be ￿ltIed Dn the char*y and med colleag￿$ •Dd lley
are prowded wlh Chanty COmrnis5￿n gL*Jes. They a￿ reouired to untst•ke irairyTr8 on è ogulèi basi5 U5in8 the
¢halily trainin6 P￿￿￿, D￿v ofca(wJLW liid 2 S•lrdYOit*l￿ fvi Is iV611•WE eN(uuraEed ￿tn one
TrUs￿e iequired io undertaktlvrtl 3 5afryu•rdiryin￿d￿ tosetyeas SafryvwrdinE Le•J.

St Raphaeys Hosplce
TYust*ès' R*port forthe yearerKled 31st Matth 2025. t(￿tIm￿d
The Trustees recognise thai sl Raphael's Hosoice seTh*sthe ¥blth. dI¥erserwAai￿Th of Merton and SuttOTh are proactwe
In seeklnB 10 rewesent thÈ *tholE community effe￿￿y. TralninÉ in EDI lequality. t1NVS¢ty and inclusionl tcdi phce i
Iktober 2024 and was ¢pen fo Tru51ee5 Maff ¥11￿5[ a stewln8 8roup ertsute5 EDI ha5 a phrforrn arr055 the whrle
oiganisaii4n. We are er%¥ngat seriv levd *4th leadersoithrferent Communit￿ W laiihs across ietyrnphy in ordEr to
learn and adjusi our s¥vkes xcor(knBty. We xe also Out Community Ew8QrnQrtt 5er¥Ye throu8h our Wellb*n8
Ctstrt and the comp>￿￿01£ N¢18hb￿*5 prwamffle which 15 de51v￿ to we•se Our abillty to Coiinert vrith to 5er¥e
thewholeol ourdhwv popula1￿.
The Trusttes ère also t¢￿5(￿jUS of our troader respo￿$[bi￿V Eo care commvnlty by tarlnt for our eowionrneni. We
were early adopters ol profes5K￿•1 quality battery •r*r•ied ￿r(￿Ine equikhThnt ¥Aych red￿5 and fumes for our
pat￿ntS and Vibrat￿ d5ks fLv ow tearn. we a￿0 Irm maintehanct l(Y4¥el wnning c0515. In the ￿me velTh we
have M al￿t￿l￿ vans lor Ret*1 distribut￿ and haye a Ihwd lor our ts)lil*S and OT team5 Idi5tribuiing equipmont to
patknt5 In thelr homesl. We havè ihsiaw iwo electrK thai8in8 ￿15 afvj weiate a hybrHI p¢d ur for all staff to use O
Hospice trwsines* Our r￿eTht ielresh has upy*¥ I￿ Hospice Iv&hlini 10 digit￿ lechDDlogy and we are wkln8 fu￿1￿8 10
In&tsii addrtion* sdar ￿neLS iothwe we akeathfhab*l* ordertocomribJte intQihe Naikn¥ Grld aTh1 save hJnd5 oveT Ilme.
The charity has purchased irOur￿(e 10 tyoiect Nseli from h)ss arLsini from Ihe ¢1 detsuli oi i¢s Twstets
Employees èiKI tv iiidyiiwiify TIyswy5 Ut Ollkers d8dlns1 the wn5eguen(e5 of any or defautt on ihtir pèn.
Thls ftyms p•rt Ol the or8ani5ational Insuran￿￿eMIurn th¢h I￿rted ¢0 £L,%212023-24 É1,7321 and pro￿de$ public and
mplnyorrnypr Ilpln a nlf1f
XryMonuyenpenlPeYsaTrMI
mèha84rn•nt ¢tynpri5• trt¥t•qs, •nd th• Ex•￿*Th￿ T••m. Th• lo*rd ol TruEknos is rnsppnswe Iw the
ruMln¢ ol the Charily and ddt8¥les the OPErJikwl acifviiy to the Elecut￿e Team Iwhith tOmw¢5es Joini eEOIClin1c•I
rttlw, lthnt cEOIFln￿Ee ￿reCIor, (%rect(* ol Fundraldft8 ind (￿rnyThI¢¥I10n$. filectoi of Quèlity
and Go¥emance and IhÈ (lirector of fr and E51atesll is t￿￿e￿ the Aemuneiation C(￿nrnIIlee. Salary
levels afe Sel wlth rewd ro 51mMar fole5 kn other <h¥llles. l￿dUd￿$ Other hoS￿Ces, iakin8 Imo icwyn¢ our and
rulri￿￿tv. ThE lead Ccffjsuh•rt Is •150 • membw al iht txeuJi*•f Team bui Ihe* w I￿1￿￿$ the NH5
lormula.
MernbErs ol the charlly 8u•i•Thiee to ¢ohiribAe afv *boum nat ex(eed￿¥ Éi io the assets ol the <h•fity in the ￿nI gf
ndifii up. The I￿al 015u¢h iwr4nt(Y5 0131 Mafcfft vias Iu Iiu24.' Yl. IrusieE$ ore werntyer5 Ot Ihe charity
but IN5 eniiiks them tOvOiln8rl8hiS. TheTrn4ie*s hève nob2nefirW Inierest In theth￿1V.
The man4*m¢nt of Ti5k reffl•ln5 lor thi Mc6pk•. Rlsk 4ss•ssmerts art undertaken for every aspeu ¢f its
I•￿1n8 li￿￿ rS)k 4>5e>yikYits. *lthli the wthtto*•i tyi 4 ¢(471￿￿1 bays. IhfoLYh heaiih and 50fety
155e55menis loreverydèyta5ks lot¢￿ptÈ1￿rtSI* a$5e5smEn15 Otollaspects Olm•1￿ fundralsih8event5.
$14lff rmtsni￿ to bo d•dkJt4d to pt*w*htiOn. thtificaiw and r•portini of 4hCid#ht&, ¥tti&nti and near misses. The
Hos$4¢9 an 104dba(k W4ly#kiruttur* 00ver￿n¢¢ *id clA)i¢al M•n¥8LYnenl rneetin85 ihpi the
acvons and learniD8 PQlrt5 identified in pre￿0￿5 irKi(knl$ 10 ensure ihai imwowemeni remalns contlnvous. The reportin8
system is 5upwed by the eledionic patient retord w￿h rematll5 3 cwoborirh*swcefr4 thefeportin$ of pat￿nI
The Board ol Truslees the cotwate risk iesi51er. wepared h the Executive Team, w a ¢e8ulèr basls and eath
LommirreE T￿@￿5 the iewani lis* iew5w Tor u4t Thè risks tscinB ihe Hoswcé ind the rteps bei
taken io rnltlgate Ihemartas fdknvs..

St Raph*Vs Hgspice
Tru#￿$, Report for I￿Ve•rended 3tst Marth 2025. C4Wrtlnued
Prlnclpolrlsks ondwKertvlnIl￿ contlnued
The H05wc¥s ¢4niuI q¥￿Ity G•vern•nce CarnTh4ttee take5 we5￿1￿1￿11V WOvHJln$ è&SuraiKe lu i1￿ kK4rd
th•1 the 0ryanlsèl￿Tr ha5 a n>bu51 fvarnewk lor ￿naNce thèi the delvery of sale èhd elfe¢tive e¥Te ¥Th
the manaRem*nl ol clinicol 5V51ern5 and wrKesses. lo athiÈ%* ihi5. the Committse Ihai Quality 15 inlpyal lo Ihp woik
of ¢he Nosplce and ihe sysrem5 a￿d serwK@s th•1 swoort Ih•t worl and that th￿* is 4 lOtWJ5t pro8r?rnrne that Suppcrfts the
ol Clinic￿ W[￿m0￿ce acr￿$ am servites. Cornmiiiee rnembvs roniilbuie expeiiise. hjman resouice
paciry. and t￿1 prolessiornal perspertfvtttQ1heth*￿pMerttaThd Sutre￿￿1 of the HospitÈ's tliniul 8o¥ernar
The Comrnitlee ieceivesthe mlfvjtes olikn¢ IdlrJwinB Hosplcecommitiees ￿0￿*S11￿n5 thEre￿￿ni sefi1￿ s(afl..
. The Inlectlon Pre¥eniion & Conts(A C(Knrniiige HO5￿Ce.$ appio¥h io Infecri¢n we¥ehfkn tantrol. Chalred
a Consuiiani M*iotsL**ist Irom hcal acLrte Tr￿1, 11 Th￿1$ t*lwetr two ind four limes each vear. Sl*hdih8 11érn5 lor the
Committee include sharp5 *¥otywr*'. ¥lort wqanlsffls MM¥•lllahty, w*¢•r mana••m•m,
pG¢yytion•l heJlth update, 1¢8dat•ryarNI best wKty¢e reqU￿￿￿en1>.
The medi{￿ 8usiness Meeiiw supports Ihe aFvroath io medk¥ team matters. Ch•ired ￿ a Consuhant in Palllaiive
Mediclne. 11 meets trtrv month. It5 merntsershlp indudes all memb¥s of IhE medul team. Staththn8 hems lor th15 rneetinl
Team Wellbelw Rota si•ifih& Cli￿4 C￿, medk)￿S issues *J lThfectkiTh Coniiol, Ed￿¥1100.
Inttdenis, AUOII & Researthand (w uive5.
* The and Therapeutics Committ* fr￿U%5¢s •1 Th￿l¢lne1$Sue5. Stanthw items l•r Ihk5 C¢Jmrn4ttee Indude Safe CO
wescribiry & AdminiitrJikn. GuidelihelPokry updale>, TherapeutDC Go%*rnance in(￿dI116 LV51 i1￿KIll￿, Medkdilon 1nclden¢
fte￿*W. Non-Med￿* Pres¢iibine MHRA Alerts. Each ￿e￿Ing Is attended lrtdeDethYeni pharma£151
who also audits all asoEd5 of medKine5 manaeemth)t e*rv kntwht. fhlpl p￿rMAr1%1¢ Irom and Sutton PlacoÉ
are Inwted to èttend or send iepres¢nt•ti¥es, Ind rttetye the minute$ d Iht ¢omrnit¢ee's rneetlw a5 roullne. The minutes
are Included In the ￿rt¢￿ Suiton Med*iMs M*4emem Cwmiltee. To infcrrn mana8ement of MedIc￿e5 the
Acuuntabk Qlli¢er ICD AOI aiiends the rew'onal At¢wmatrJe Off*er Local Intd1￿@ThEe Network meetin8s.' incKlenti in¥d
control￿d￿ru6$ ai¢415¢UsJedwlll4nthe<ommrtthe.
The Prexribtrj, Mteiiw is • 5*AP(g￿)mIlIte ol I1￿ commiutt as ihÈ pnmary 01sCU55kl
LpJat• and rocomrnend4iion fryum lorthe NOspKe's prottke. ttsmefflberthip Inclyde5 •11 Hospi<e prescdbÈr5.
#nd Sal•ty ComMrtM• Iwhieh iDEhJdos Water Qwality as • re$￿ar ¥eDda rt¢ml rt¢ci¥ES repNtJ fiorn mDntt8ers
ifsvow aDd Safety mattiYS atioss of Hospce aC1knt￿￿ lTrrlden15 to ensult ptaclice
evolves and Improves on 3 toniinual bay
Cwt QuoIltyCLvnn￿￿s1aft{CQv
The most ￿(ent In5pectknn of the Hospice ty the cac was In Nobtmber 2019. T￿ wbse(Nenr iepDrt wa5 published in Aprll
2020. Whilst noiin8 a rtumber ol areas ol rI￿￿ndM￿ repDrt also recommendèd that the carpet in the IPU be
rwxed and ih* the na%*3iion ofthe de¢tr¢nie noies SYStem be Rhprtytd. ActWDTr5 to compty ￿th thE5t recommendaiions
nave tsken affld the fiooriTr8 was iethod as part of a ￿der IPU ielresh ITh late 5umrrw Z021. The CoMp￿t@ text is
4vailaWe fromtheCQC **bsite or￿3 the coc-wldgei-oTrthe MOsW￿*b$￿e's horne￿￿e
Wc pre plevxd thnl the quolity tsl w•5 re(w￿d a> beSTr8 '6￿￿. vl uf iorr.. n•rnEty Ihai our
servKe54re 5alo. •flothM, r￿n5￿et0 peOple'sneod5andw￿￿•eI.

St Raphaefs Hospice
Tru5tees' Report for t￿¥•*￿•￿ded 31st Marth 20Z5. coniinued
Cufflplolnts
AJI compliSnts or abroJr the serrice •r¢ tskcn very ser￿51¥ ty the Ilojptt. Compbint5 dealt wilh in
ne with the Complainu poli￿ investipted aTrd reftECti￿ on torw4aints 15 one ol the ways ¥¥e seek ¢0 malntaln
si*dards and Improve prattices. OJI ¢omplaint5 are rewted io the CQ&G Ctynmirtee and rJfsW3fd5 10 the Board olTru51ee5.
Our incHlent repDrtingsysiem. Dat￿. was I￿￿￿ed in 2021 and 5￿CeSSfUllY1ran$ferred to the in 2024. Th15 has pro¥￿ed
5implt and transparent mechanisrn lot recwdin8 incKlents acr055 all p•1s of the charity. monj[oiin8 r￿&Sure5 iaken to
addie5Sth•n andthèn8eswrtwemenied ￿ledUre roksol r¢(uNentt.
St. Raphael's Hospicè i& an FI￿1 OpportL￿￿1e5 Em4¢y*Y apr4*s rt4trt￿* criteria to assess merrf(. tt alm$ 10 *n5yre thot
o Job applkant ¢1 em￿0Ve£ recewes ￿55 fa¥ouraNe treatmeill On t1￿ 8rouThJ5 of a8e. race, Colo￿￿, naikjnallty. reli8￿￿.
ethnic or natifAwI orwn.8eth. mawilal siaius. sexual ar￿31￿1n01 ths*MIIIv.
se￿lOn crirerLI and Fqocedures aretonst*rtly ie¥iewtd toenwre ih3t individuè15 ère ￿e￿e￿. piomoled andireaied on ihe
basls ol thdr ttlt¥ant rnerit$ utylitie5. ￿1 empWe5 bÈ 8iYen ¢4uwI opportunity •nd where appropii•te Ind po551ble,
SPÈCial tralrAn8 io en•t4e ihern to prwress b)th ¥Athih and th￿514¢ the orBaN5ation. 51. Paphaefs MosrAce is Comm￿1*0 to *
oiramme olacih)h tomake ¢h15 OyellethiveaThdtoenswethat iits bioyÉhl Iolheaireniion ol*lefflployees.
The worklorcg 15 pr4OoMinaThtty l•mS• maknno w 82% til th* iotal 12023 24.. Bl%1. This ratW* is mairtained
am￿151 the upper pay quartue where 82% ale wtyMrt12023.24'. 86%1. The "me4n pay" lot 15 8% abDve the men
12023-24.. wrffien IIX akne the menl. The-medlan pa¥8•" ￿-ll*ll025-24...x6￿b •risini beuu5e a wooortbn ol
menl41%olihtioiéI. 2023-24.. 44%lw(Yk ihe Ir**e￿ payqual¢ile.
Sl Aaphael's allEned cli￿[31 pay Wih IIHS Afc iaios wKlydin8 Ihe Outer london Wwhtino all¢Mvanc¢ tffK¢ from October
2021, As è result the tllnkol p•y15 rw ort a par ￿[h rwJi CLYnWittyS kn IhE nwrkd and Is iianspareni and con￿51enT a¢ioss
11 t1￿￿•1 teams. Thi5 hJ5 enatr4ed Ch•r￿ io rei•ln 11$ tApriented 5k*dallst team and al50 reciuh 10 Wacèhcles when
they arlse. reduelhl the rt5k to our Se￿Ce delwy. Pav in¢￿8$e5 f¢•ryw rhe NHS settlements. Fty other Staff the
AEmuneral￿n commiTiee rev*S the i￿$ In the118hi ol thepievailOty8 market ttyldit￿s iThl b*ncw att•idablllty the
¢ed IO tei•lh ènd recryDt 5k•lled 5taffwho can deli¥*f¢Mthe str•te&* of EVE.
anrty•l pay i•v*w w*5 prepiied ty the and wttd by Ihc Acmun¢r•tign Cornrnlttee 17J•fi￿ry 202J. It w•1
iarlned by rhe 8fArd 29 Jahuary 2025. Clint￿1 stall are subie<t to MHS Aynd• lor Chan8e Incremenis lannouhod at 3.6%
b Moy 2025 and pald iDJune 2025, backdaiedl. 11 W been ayeed thai rwllnlcal staff would ￿ be awarded a D3v-inciease
5 Part ol the tosi<utriry ￿e￿ures. Th15 was apwtr•*d 4aM15t 4 b*4rouThY wale Inflat1￿ of S%12024.' 7.7%> CPI
infialion at 3.2% 12024.. 5%). As • teA4t. Ihe noTrdinKal a8ye8ate1mow￿ed I0￿12023-24.' 5.2%1.
The increast in minimwb Wages was iefteded in LXW pay re¥iew. Perm￿nI staff ￿ thÈ hywest ways of f12.19ph moved to
Ihe nEW rnlnlmurn waq• IR¥d 01 É12.11. tt $ d￿0001￿￿￿ ihat ihe 5rn*1 pp we had Whed up tyei ihe NO1￿￿?1 Mlnlmum
Waoe b¢en Iwi w •We5￿1010￿ cost.redU￿p
Ovtitli the yell the 1105pice •Yev¥td 144 ¢ontrn¢i¢d emp￿ve¢s120Zl-z￿. 1521 vf 41 lull lime and 103 part-t1mt
12O23.2d.. 53 and 9K*I. The olso h•$ 38 st•ff who *Yp Iwan¢ to >pttlllc re¢uk•r houls
no ère offered work •5 andwhen ihenetdarises12023.24.. 351.
The age wofile of H05PKe <liThcal staff IS shtywn ￿ thE iatle bdow. There remain a high piowtion who may ch005e to reiire
in tho coming ti¥e years bul the riskthat ihisha5 PD5ed Is diminished as re£[￿l￿en1 ha5 becorne more rWl4Ne.
33
ij
4J41
22
A*i31 M4rth

St RaphaÈl's Htssplt*
Trustets. Rtport hjrtheyearended 31st March 2015. condnu•d
Vdthyteers
St Raphaef£ Ho%we relie5 on D lJr8e numbv ol frttty ¢tyhtribJt¢ ihEii tirne ￿PErtIse. They irnpbct
add value to all areas of OLY work and ths Is hugely weciaied. thÈ dedinE during the p3ndErniL we ale d2lighted
that numbers and ove￿1 comribjtion h45 Coniinwd to kKrease we are partKuladw heartened bv thÈ Er¢w4lh in IhÈ
n¥mbers of P￿t￿￿t-￿a(1Th& Hospce Nei8htr*Juf5 and retail vduilteers. We estwnate 743 vdunteer ide5 undertaken in the ye¥
arnounting to 67,977 hours ol 8wen time 12023-24". 791 ri4ES arnl 61.SL9 houisl. This piovides aTh estimaied financial vèlue of
beiween £W.IXK)andEl,I￿￿￿I1023.24.. teiween £￿.(￿3nd É9)),(Wl. arsextsaordinaryachiÈ¥ernent.
The breakdown ofvokn)Ittr thE Ho4Xtc *MtylhevE4rw35 3sfdbws.'
JOIW5
101241
i.ii
24
27
34
27
OwryCbl•
Shg
246
bwtal
571
4•1
iy
Trl
6E9
orne Generoilon avlses Our ox)mer(ibl xtib7ty, includin6 (wr <h•rity shops and lo¢lery, Ind ihrowh leiac¥ and
ndraisi￿ whlch Is unoertaken luhoiaisi$4 ieam. A% oityji bllery acimty we hav@ Iwo commerclal conifaasvAth
lNrd-￿1ty lundralser> s*rlini LOtiet*s wep•res reports our weekly drow. At Ihe end of thls repoftin8
yoar w¢ h•d 8.S30 lottwy pltys12023-2A. 6.1131 tsuri￿ i￿¥•¥r w• 41sy•ntwvd Into a ¢oniix¢ w￿h Odt•vOx Ltd
to reu￿1 ￿0¥￿510 lottery. Bri*¥Thare Il¢ensed and re8wwedbytheG￿￿Iry COry￿1$s1on.
Thtrewere no coM￿a[nU reCelWlTriheper￿1o berepThd IOlheGamNinR commi￿￿￿ In ouriwurn12Q23.24'. none).
Sl Aaphael'5 a150 beThefrtsfvr￿ the suprKYt olindi%ithJ•l I￿￿¥1$*￿￿hO￿rryO¢thl activrt*s In ahl ol the Hosjco. At first wn¢
clcontxtthey areasked iofrynp*ie arlonline ￿nif¢¥M10 ensuie clwactththilsare reiained and INentlon$3re rnade
clear. A lundia151ll8 pack15 seni ¥Jh*hln¢lude5 le8¥ •dvKe. e.g 8*nNinilaw5 5urrLNJnthw raffles. The office keeps lTriegular
cornmun*atlon wllh ¢hese1w￿￿Is￿s3rt0 eThsure51und5ralsed ¥re rece￿ed by HosF4ce as $VAft￿ as w5$1ble.
we are 518neo up io ihe Ifisrll￿é 01 Fund1•151n8 and lolk** its Lode ot prncbce. whilst also comp￿n& wilh the Charfty
mrn15shJn iuidarKt, "cc￿.. Ch¥WV I￿rIng rhe pNkid ol U45 rewt thue were no cofflptsints or iewted
I￿1111￿$ In ¢omrAi•nC* wsih Fundraisln8 Rg6ulaw ov Qlh•r rwlatory both•s12023-24.. ntsh•l.
we have continued io eThsyte thai *vlhti4tie pÈ4plE frorn un￿¢ kwre io or 5UPPOrt chèrft*e
wothweadheTetotht F￿d￿lS1￿ Pwomise."
. Wewill I￿•¥5 tellyou abo(rt how yw¥e fflakin8athlfere(Keto the li¥tsol•yr ￿¢￿￿ts. thets 1wD1￿¥nd fr
• W¢wlll a￿4¥$ take a¢tKJn il others a¢tw0noWbe￿l￿llto meet ourhlgh smndards
. Wtwill neverphoTre you unlessyou haYeeApressedanintertstinourwwk
• Wewill ahnysthetk firstthatyouare hwito 5peakWuswheDwe
Wewill neversdl your dalato eL%e¥shère ￿¢￿1h￿tYDvrper￿I5%loTr
• Ifyou ¢ell usyou dm'twart 10 hearfrtln ￿$3￿n, orwanttohearfrrrfn u5 ￿5&￿eth￿laWS res>￿ that
We uhdert•kE ¥ Iwe nvmber of kndrajsin8 adwities thro42htyJt tht Vtar to ler￿￿te incorne to SUPPOrt the wotk of the
hosp*e. In 2024-25 w¢xJuced w fir5r appe31 talkin8 about the4r4kof Wce (alled- Sponsor a Nur5È" focussingon rhe
fantèrti¢workof4wnuv5in8team5rmtheward aThJin1￿COmm￿rtv.

TvustÈes' Rtport forthe yearended 31st M*rth 2015. continwl
We also £hon8¢d wc ffundrai5e uuo55 tvusts, cwpN•*s •fvJ ithduals. a5 wel a5 Qyr kn VILWaiiiiri
to e￿a￿epeoPle toiwe In memoryofth05ethry ￿.
As nDted in thè Financial FuThdraiCitVd 3rtrth•ty the hO5￿ce raise mo4t iffl * fiTh¥nual y•ar and i
hewyearwill be an OPPMunJtyto budd ￿ThiS5￿Cessf0¢na￿le Sustaned irKDrnein Ihecomlns years.
St Raphael'5 also Faises luMIs lhi(￿8h the Sa￿ ol d￿[¢0 Kth>Js Ihrwh our e5ts1e of 12 Feiall shoos. 202*25 wo5 a
suc<e5shJ year as noted in the Fi￿arKI81 fte¥￿, ahho¥h t￿r WIMNed￿ Park cont1Th￿d ￿ be a rerfomier and the
decision wès taken to d05e the shop in 202S. The rema￿1￿8 reTht h&5 been provthd for sn these ac(¢>wt5 amouniin{ to
£IW.KQ, We are an asslwnem of ihi5 *a5e to ielea5e u5 fvtth Uw5 and ale cthe to eoneludin8 aft
much Interest.
As part of our strate8¥tC* ra4e mtye the hp5PKe 15 Se￿nI to opeh •nd tl45 wlll he￿ 5ye&d ihe
fwed co51501the semto a￿al¢le¥s* athJIl￿n0l ¥Korne.
Fell￿￿6 the res11mt￿ ol the w￿U% ath4tstors HwKintyre iLP. the Tiustees ￿>￿nted crowe U.K. LLP 10 the v•caTht
offke o14udiWI M ac¢(xd*cE wllh 5xUon 485131 ol ihe Act ￿. CrGwe U.K. LLP, hwng expfessed ltteir
w11li￿ne$S io <¥niinue in offKe. will to deemed reawtynied for Ihe nert finathcièl yeai in accordance ¥wih seciion 48712101
thÈCfMnpan￿Atl 2￿6. unlesstho<owwiKeiy•S 5K¢K￿4$8(jI ol the Comw4¢sA¢t 2CO&
Th* Tm51pps (who arp ihp dlr•ttu% d th* (h•rIta￿ th• wwposgs ol ¢¢mp•hy lawl ¥• t•swslble f
eparww the tsusttes, annual ieport the 51aternents In ¥cty4•n¢e Y**h •F$4k•￿e fAid UnKed Kln8dom
Att¢unlI￿ Slandaidsiurfed Kln8d(Al)Geoeral AtttptedAccowtin8PrKikel.
Ccthpany require5 Tru5tee$ 10 prepare ￿￿1¢141 statements for each fthanual whith a Ifue and fair ￿eW of
thE 3tate of alf&r5 01 the chaiiiawe company and ol its irKorne and ex[w￿rture lor each pefiod. In prepailn8 ihe5e finonclal
statements, theTiustees*re rewAreO10'.
' select SuitablèicrouThtlll8pr4K*S Jnd Iben apptythoffl CWSisien¢ty',
ithe¢vg mell￿)￿5 ano printyp*5 th AC(ouniiw am Kep￿n8 Dy U￿n￿$." 5taiem** 01 Rttwmended Piaake
IWItab￿ io charN*s wepartn8 aL￿*T￿t wth the Fwntiil RepNtiw Slandard 4ppliuWt 10 Iht UK and
• make￿a6em￿I$lrtd tSlkn*es that ale re•￿￿￿e4nd pr￿len1'.
stile wheihpr arwllraN• Ilnitprf 5taDdard5 b9•7 lolkn*d, 6utyh¢t io any m314rS3l d4partUr8S
dlsc1¢5ed Index￿•1ned inthe rknanCi￿ sthternenrs,. •
' prepare the fina￿￿1 51aiements on the ￿¢effl basls unless inwOw￿le ro tye5ume that th¢ ¢hiri¢¥ ￿11
cèntinue in oporation.
The Tru51ees ar• rèspon￿￿1¢ for keewn8 proper acco￿11￿ records Ihir disJD5e ￿[h reasonable a¢¢w8ty at •hY time the
nanci* POSlTion 01 ihe cnaniaL4È CoM￿n¥ Whl(h enat*5 Inem 10 enswe that the fin￿<41 siatemenis ramply wilh the
te4ylrem•iis ol Ihe Cornpames 2W6. Try •re 4159 re5p0osbb￿ lor saleeuardniihe asse15 01 Lhe charfiaNe cornpanv and
h￿¢P lor tAkin8 Slops torth0w+￿rt*Otithnd d4iqcllwdfraKlatsdoth*rwr4oularil•es.
The Tiustees confiimth•i'.
. Sotsrè5 they ale awaie. rI￿e15 r￿le￿ni audit iftfomiatfv* ol%%ththiheth•tsNe compan*$4uditw lsunèware.,
They have taken all the step5 thai ov8ht to halt taken in ordEr lo make thefflsel¥ts awaie of any le￿warn 4udll
In1r￿matIon andto esiabltshthat rhedwrrtatle cornp•rfsaw￿￿iS *w*eofthai inlorffl•fjw.
Nom)an Mtwhinney.. Chaii
D41e'.
22

St R8phaEf5 H05plce
knnual RepDrt and Financial Statements
F¢rih* yT¥r •nded 31st M•rGh 202S
Independem audrtorfs report IOll* membersolSt Iia#4efs Nosw
Oplnlon
weh￿ èudbted the finahtial stat￿nentS￿l St kaF&•ef5HD5wcefrrfiheyearended31 March 2025 whkh comprise the
%tatprnpnt nf ihff*h¥W O¥rthditwoaccO￿ffl1. &a13ncoShooistatgM¢n¢ of Cashfiows >hd oot#£
totht finan￿￿1 statemems. Including￿￿1fi￿11 ac£ouhtinipolK*s. Thefi￿Tr￿ repNtinE framv*ork that has been a￿led I
thelr preparat￿ Is applica￿¢ UThied A¢￿Un￿$toTrd1l05. Indud1￿ Re[￿1￿ 513nuard 102 The
Financral Reponin8513ndard apWicèt4e In IheVKand IrdaThJlUnited Genernllyk£eg¢ed Accounti
In tsJroF4nH)n. thE fiThancvdl staternonfs..
' 8l¥ea and laii ViEwofthe stale olthE thamat4Ecornpanvsatt•l￿as at 31 Mar(h2025and ofrts re50urre5
applIca￿Trol iesowces. incI￿11n8 its ￿cOMean0tX￿eThIs1ut¢ lortheyewr then ended..
• have been pioyrty pttyrtd in accordarKc with United KinBd0rnGener￿lyAC¢epIed Amntkn8Piact4ce,' and
• have been preP￿ed In xC•rthn¢ewitlbthti*ty*tMenisoltheC•w￿Ac1 2ts)6.
Ba51slor oplnlon
Weconducted Wra￿lY( Inaccwdancewhth Intwnatwl si¥nd¥ds on Audrtw¥lUXIItsA5 IUKll3nd akw1ca￿e l¥*. Our
respYJn51blllUe5 urnler ihoses¢andaidsaie luiil• destsiLYd in iheAth*torfs reSp￿￿￿1￿leS fortheaudiiolthe fina￿la1
statemeThts sect#JnolourieM. Weare Independeni of (tsrhtat4e cornpany in accorthncewiihtherfhi¢al requir￿￿[5
thai •it teleyiniivwr I￿11 offihe finoncL415ts1emenis in the UL I￿￿*th* FRC'S EthKal we fulfi4ed
•¥r•thtr *hi¢•l resp¢￿￿1111¢J irt ￿e0rd0r￿e wilh these requiremer*t& We b¢lkntth•iihe•wdiievlOtyiceweh•Yt obtèliied
15 su1￿Chent1nd aPPif4)ii•ie ioptovth a basts lowowW¥*Jn.
Con¢lu¥ons r•l•tI￿ to 8oin8 <on¢+m
Inauditin8thè Iirnancial statemersts.wt hav*e¢•thledth*tthetru5t••5' Uso olthe 8th¢obKern b•sls olxeountlnu in Ihe
pr¥pai4ilw 01¢￿￿￿n(Mi 51arernenTS IsappwaTe.
sed on Ihew¢rk weh•¥eDerlornied. wth•venol IdeniiiEd ¥Trymaterlal urKQrt*nt￿ve1Il4w ¢o*•ehlS¢q tondllh7nsthJl,
IndI%￿tI￿lty or mayeJst $iBhificantdt￿b* on thc<hUntD￿e wrnp•ny's otylitytoumtinue tss&yihieoncern lai
peiltsjolat least ¢w*l¥* frDmwhen An•￿1131￿eM￿tS•re fL¥ iSSU¢.
Qyriesponsi￿1rtieS*rtd Ihe rt¥<ffj5ibllit￿ olthe this*es *ith respeu ¢tyKern•rtdesulbedlDtheielevJM sectlons
of thls report.
Oth•r lThlorni*llo
Th¢truSt¢es3re responsib￿fry ¢hEothEr lnlormatlon￿ita￿e￿￿TI￿n1h¢aNfiya1 teoort. TheMherInf￿￿at￿?n<oMprf5eStht
itsforrnatw)Th￿C￿ded in the￿n￿31 repon. oifvert￿ stat*mÈn¢S and our audi0rf51ew theleon. OurWni￿ on
Ihe fina￿￿11 sla1ememsd￿ covei Ihè othèr1nfcrfmat￿Th1n￿. eA¢eM iotheextentotheThwse explicittystated in ¢ur
iepori.we do roi exwess anYf￿Mor3$sUlè￿¢ corduMonthuew.
Our respon5ibilrtY151o Fead ¢heother inlorTrMion ￿1, $0, ¢msbJerwh￿herIhe￿h￿ Inknmaiknn maiertaltyf
In¢onlsiem I￿rh thefinandal>tatefflents kn0*4ed8e DbtyDEd in ihe a￿dI1 orotherwise •ppeaisto bem•teri•lly
m15siated. Ilwehlenuty such ￿[eriall￿￿¥S1en(￿s0i appaientmaitriai m1$51•ernEnts, weire requlredto detemine
whether IIMSBryes nse toa maierial mi5Statement ill thEfinaThEial 5ts1emen15 themse￿e$. If. based cn iheworkwe hive
perttymd, we (orK￿e I￿llhele Ss a m¥LhyTr¥l mi>>l¥lEtrtEMlvlllw5LrtI￿on1Utm0￿Un. wearewEqylrcd rorepDrt thDifact.
We have nmhlngto repDrtknthSSIP8ald.
Oplnlons on other mattery prexrfbtd by the CompanlesArt 2
Inwr oplnhin, based on Ihe w0th¥￿0¢￿aktn in ¢he course ofthe Judii..
• Ihe information Inthetrusiees. irKluOesthedYectorf re[￿ andthestsal￿1C reprrt preparedfoi Ihe
PUFP05e5 of Cornpanyl￿t,fQrIhe ftharKhilyeai lorwhiththEfiwrKial stsiemw are wep•red is(￿$15(*￿(￿lth ihefiThanclal
siaieme1115,' and
• the stiategic report ahdthedirett¢ys.tep*t*thlEdYhith￿thetr￿stet< re￿ preyred in accordarttvmth

St ￿Ph￿rI HoJpi¢e
Annual Repurt and Financial Staiements
Fo*the￿Ort￿ded >l¥t M•r(h 202S
Ind•p•nd•rtt au<Nt•¢i r•port tothe members of St Raph•eV¥ Hwpi(e. Mnllnued
Ma¢t•rs on which we are rety11r￿l0 report bv exception
In Iiihtof the k>Wwled8¢ and ullder5randin8olthe chantaLle (tsrnpary and itseffivonmem obthined in tht Ègur5e off the iudlL
we have h4entifled maivlal m￿$18¢*ments in the 5trate8i¢ reF¥Mwthe dir*¢￿5. repNE indudedwrthin the Irusiees.
We ha¥e nothin¢torew¥t iiie5pe£t olU*l￿1￿n8ffta1ttrS lrtrel•tknto¥Jhich thE CfAmp*s0rt2(*)6 te4uire5USto report
io¥ou11, In ouropinh)n:
* ade4uate ￿[Ovni1n￿reCordS habYTrxteen*eK'
. the financSal statemerts •re nv¢bn•8reenieniViiihtheaco￿ntW￿ ie¢¥dsand retyxn5.'or
• certaknd1￿lo$UrtS off Iiu5tees'wernw￿raiim specllled ￿1th￿re n¢ifflaJE'.
• have not recel¥ed althe inlormation and eX￿a￿all0￿S￿e￿eWlrt lortyjw •
Responslèll￿l•s of tNstg•s
AS explained rn￿e lullytn iheirusiees. responwbllt* s￿￿￿￿ni saout on pa8e 12. the t￿￿tee5 Iwho•re a1501he¢*ectotsof
Ihecharllèt4e¢ompany lorrheyposes of t4)myahV l•wl ¥Ère5PC￿5Itsle forthèw@para¢ioh•lthe fina￿￿1 5tatemen15 and
l¢r bcini satisfied Ihiiheysive D Ilue ondlaifwtw. for5ych1rfun￿C0nUd a5 the tiusiees(*¢LYiiiIIi¥ Is II¥LV55dlY iQ
enable the wepw•tith of fimnckl statementsthat ￿llee Irom maierial thisstweffjent,*fietherdueio Ir•udorerror,
In wpyrln8 th• finanthl %iXiPments. the riu51ee5 weiespon5*1e ass4ssih8th* ¢harfubiecompanWs abllityto contlhu•¥s
•8oinB concern. discb15in& as applICa￿t, *lla¢lersiela¢ed coThcemafvJ ￿sIn61h¢8￿ry1 ¢DnEwn bJy5 01 Jccovntln8
unlessthetrustee5 eltherintthdtoli(wthle the¢￿Till￿e loc￿$* operatv)ns, or￿Ve no ￿aN$￿t •ltemativebJt
iodosa.
Audltorf% r•spon41bllllhs lor th• of th• IlnarKlal stat•ff4•nts
Our obkctlvt5 are igo￿aIn reasorhaue assura￿¢ *thethti Ihefinanthl 5u*mentsa5 a¥Jhol• x• fr••fv•m MIte￿I
mlsstatement, whether ¢A* l0fraL*l￿ effor.and tolssue￿ ￿11￿5 rewttP4t i*dude5 0uropirAtyi. Reasonab￿ assuran
is• ofassurènte.but ￿ nDt a iuar4nieel￿IIn actwdarKewlth15As lUK1￿malWayS dele
maierlal mlsstatweh¢whtn li exists.
Msssiaiernent5 can arise Irom Irayd orerrthT areethtsknedm•wi411. indI¥wJ￿ItyfOW intht 188re8a¢e. Iheycould
reasonablvbe eApecled lo Innuence the e¢On(mi)￿Oe¥ym1QI Loers lakeTr¢￿ Ihpba￿sOt these financial 51aterneDt5.
Irr•oularitlè&, irtludinE Irayd. are instarKos ol t¥*npli4Trrewth •nd re8ulations.wtde￿iTr prace4ures In IlThe wlthow
respoThslbllltles, outllnedoboye. ¢odeieci Materialm￿StaI￿ents kn re5peth ol irre¢ularit*s. Includin¢fvaud. The exieni 10
*thKh our pmceduies •re Ca￿￿e01d￿leCllry ilrecularit￿s, 15 dEtai￿d behw..
Weobt3ined3n undersiahdih4oflhe lepl and re8ULiiwfr3mv￿O￿$￿71￿Inthith rhe chari14Wè£omp4rtY•pvJtw. locusl
onthose laws •nd rel￿1￿￿5 Ibai I￿a dlrect effert¢)Thihe (*tetmihaI￿nOl ￿￿terIal amothits anddisclosures in ihe
nna￿CIal 5tatemenis. Ihe laws ano regu*rKmswe<thsthrell In ih15 conienwereiheCompan*i 2￿6, rhe Charftie5Atl
2011, tO8ethEf wfth IhEChart1*5$0ftP IFRS 1021. weassesw te4iMred CryNa￿(e￿Iiht￿se laws•￿* le1ul￿10ns•S Part
oloui prrKedut*5 Oh th• rvlatpd finanrial 41￿1￿rn•nt 4l•ms
In ￿￿1¢n. we¢¢nsK1￿ed prow5ionsoffrthu ￿and￿eBu1atlon5 ihai donoihavea direrteffert on thef￿aTr￿al $uremehis
bur comwkncewiihwhlch mwt befvndament* rothE th)Thi•b￿coMparrfSèkn1ity IoLyrale ortoa¥okla rnaierrdl penalty.
Wea150C0Th5ideied the cwxtuThtYe5 I￿e￿Ne51hat mtyexi5twithinthech•ritatye ccthpanyfu Iraud. T￿l#w5and
re8ulationsweconsidered in eontext tsrthe UK opemions weCQC Re¢u￿1￿￿5. taxa11￿ ￿6&s￿tIon. health and safety
S￿1&111]t11 riiiylvyniEvTrL Iv¥i>knLknand Gen￿￿1 Dali Prmcrfkn RE6uLiiion{6OPIII.
Audlllnqstandards limil Iheiewed proreduresio K1Èntty Thtsfve¢?m￿1afiEet￿￿h ihese lawsand r¥L4*tidrtsto tN4ury off
IheTrus(ees and othermttwerneni and in$r￿t￿)n of ThielAx1f￿ anA *H1rnrrpsK￿denC@. jl any Wé id4titifiqd thA or•at•si
r15kol mateiial impa(tc*thE hnancial 51aternenis fv(wn Srie8ukviiles, ￿clUdIn8 10 bewithlniheiimlniand re¢wioion of
NHSand ICBcontract Inc¢￿e, le8acy ihcorne Jnd overrHleotcontsdstymawernent.
OLY audit procedures to re5wyKlto these n5ksNicludedenoyitiesol manag2n￿land the Fi￿nCe Resourte5 Comrnlttee
tsout Iheii O¥vn Identification a￿￿￿55¢$5MenI of iheris4sd itregularities saMp￿teSt￿￿8 ￿ the Posiini LifjL¥Jrna15, NH5and
K8(oiiirauki¢tyii¥ orvj IWLV 6CtWlllngeMwnate5fDri*a5e5, revwne reeulalw c01respDnden￿Wlth
IheCharrt¥Commlsslon. re8ulatory reports èThd minu*sofmEeliw oflknechar8ed with8￿rnanCe.

St Aaphoel's Hospice
Annual AÈPOrt and Flnandal 5tatem¢nts
Fw the y¢ar ended 31rt Mar¢h 2015
Indeper￿ertt audiiorfs r¢port tv the mEmbEn ofst Rothfs 110spke. contlNed
respon￿￿1111es forthÈ audit of Iln•nd•l statements. wntinued
OwSn£ tothe inherernt limitailDns oran aL¥ts, thÈ¥e is an riskthai we rnayn￿ hwe Oelened wme rn*erlal
m1$51&tements In ihe finaDcial statements,even tw We*avewowlypl￿fied and wltsrmed ouraydil In3c¢¢rdarttew
L*liiin8 $13ndaids. FOtexam￿t. Iheknrtherrern￿￿ norKLyn￿1￿Ke*lthl￿w5 JThJre8ulations1￿e8￿I0riI￿ljS from rhe
¢v¢nt%andtransxtity￿ reflected Inihe financi•l s14t￿ents. the les5 l*etythe inherentty limfted proceduresfequlied
auditi￿ stsndaidswtwld ￿n￿fy rt.
In addition, aswiih anvaud1Lthe￿I￿ar*d rbk olntyb4ttethofknre•*ri¢*s.asthese Th￿ver￿lUsIO
lor￿ry. Intenr￿n5I rffiiswon4 m15rewesentai*ons, ￿ thefNerrth olin*nK41 ¢ty)trols. we¥e nOtreSp￿￿tIe forwe￿￿tIn5
hOTrc¢)mpliafflce and bewectedio detea nc4Krffj￿Var￿eWlthal1 lJwsand re￿1￿￿0￿5.
Afurtherde5cription Of ourrespon5iblities fNthe authiof ihefinaNial staiemeThts Is hxated on thÈ F*Aantrdl Aeportin8
Coundfs thito at.. ww* ￿lUdi1(￿¢sp0ns￿IIl1Ie$. Thisdescripiim fNms part oltyjr audltorfs rep￿.
LIM o10ur r•port
Thlj report ts made sctelyto the tharlt•bkcompanf s m¢rn*ui, a bgdytln•wd1n￿ wllhthwei 3 otPar¢ l6ofihe
Com￿￿￿$￿1 2CW. Ow wjil wtykh•5 been undert4ken 50th•tYJVe rw statetoihe thIrrtab￿crffi7￿rfS members ihtsse
m*t*rs w•ar• r*4uiftrdto xtatetothorn ￿ an audiio¢% r¢port and lor no¢th¢v wrpost. Tothefvll¢st exieht ￿rmitted by
l•w. we donoi4ccertoi assvme le$p￿￿tality10￿v¢fft ¢thèr Ihèn thÉ<￿r41*1E CLryany ￿ythe¢￿artt0tr1e wmpany's
M•m￿r5 Js a W. lorour a￿111 work. lori1* r4POrt. ￿ lorih•￿￿e￿W* ha￿ Iorymd.
Olptsh Chhattèl•
Forand on behallolCioweU.L Lip,
Lo￿n
Oate.. S November 2025

StRapha*f5Ikw*•
ATrn¥•l Reprrt ?nd Flfft•n(l•lSt•teffjenis
FurthE ¥e•reTrded 315t Mlwfh 2025
T4)k•lfvh& Total
Ymrto 31 Ye•rto31
Marth
March
Unrestrkted
fuThJ
funds
2024
¢orne expEndltWE
INtDrne Irorn..
Donatiahs and ￿3t
OlhÈ¢ tradI￿artMt
Inve5trrvits
Charltableartl￿tleS
SWL IntèBrètÈd Ca¢e Btsatd
Ho5sdcpC•pltalGr4ni
Other Inc
4,442
2J69
4J50
369
3575
2,081
10>
1.962
1,962
112
107
1.697
107
54
Tot41 knc¢Mvd•
&971
9518
7.516
Exp•fvdRuM O
Rilsin8fund5
chD￿tD￿E D¢1￿￿￿5
3.248
5.19$
lis
153
3,363
SM3•
3.122
5,738
T•i•l**p•thdMur•
NEI Vinson in¥estmEn¢S
17
17
146
I￿1 ￿￿•M+11•￿￿dltUr•1ha¢0rnI1Ik￿tsrt
ssl
12681
si
11,1981
Tpn4etsbeiween
1>16
67
616
12011
314
11,1981
FL•d ￿lane•S ffoTh¥ard ai i 2024
92
5.476
Furl 31 M*rth 2025
4.278
Al ofthec￿rI￿5￿crfvè1ie5￿1￿wth¢ab￿e￿r1nar￿a1perIodSdvh￿￿frCffi (•*￿￿op9f1[￿s.AI￿I cunparatfv•stsi•mqniof
fina￿la1 actryities 15 5huwn atn¢re 22 totheliw(d5txv￿n1S

51 Tr￿5￿ke
Annual Reportand Fh)andal Stat¢nKnts
Fw the parended31st Marth 1015
OalabKe Sheet
2024
2024
Tanwtkassets
FL¥edAsset Investments
io
971
li
1.7J5
1,672
2,643
Debwfs
1058
L619
3.677
Cash at bank and In hand
Cr•dItO￿.. amounts lalllr4 du•*lthln wy••r
IL3161
ILI391
N•tcuir•Dt asse
2A12
1538
CMdliQn'. amtyjnts ￿11￿ d￿1fter mor*
13
19)31
TOt•lth•t•sJets
4,611
4.278
Fund5 •nd r•s•rtts
Ihtompfiinds
Re5tr1cted lynd5
15
li
92
Unre5trfcted
DEsIBnated Iwds
General fund
16
L184
3.W2
3.618
Total lun
4,612
4.278
Apprweo ty tne Boar
Intstetsand athhwsed Issue ￿ IL
and SiBned on irs behalfby Ncthan Mcwlwnw I
hiirl..
SiRaph*'sNoWc&a<h¥Dtabl+<L*np*wI￿￿1￿d*Vw**￿.c￿Y￿¢W￿￿trty￿H￿Thber. 11?J2567IEfidknidbidW￿￿s1,.{1￿w1ty￿EvStrIt￿J
Fknbe¥.. ll62636
1•

St RaphaeV5 Ho5pke
AnThy•l Report and Fln•mdal siatemeists
*rtded al￿ 202S
Sutemeffl of Cash Fl¢bWS
Ye•r to 31
M•rch 2015
Year to 31
March 2024
Noie5
Net cash provlded by wraikn8 aCIM1*5
12,3011
C8shflowS fvom Inv*4lryictl¥kll•
InvÈstmènt income
Purchase of tangible fixedassets
Purchase ol in¥estments
t15pos* of #)vestmenis
109
11651
1591
Net Ush prthld¢d by l¥¥•d knl kn¥1stkni •th¥lll•s
67
238
Ch•ty• In •NI ush ew￿lents th theyear
420
12.C631
sh •nd USheW¥*ems￿ i 2024
1.619
Cath Jnd ush wylv•leAts•t 31 M•tth 1015
A.. R•condlla¥¢n oln•¢ m•v•m•thtlth Iuhdsto w•￿ded byopwatrl
xtlvltl•i
Ywito 31
M•r<h 202$
Yearto 31
M•rth 2024
Il•1 mo¥•ffl•ni In lynd¥ I•spvihe sMtem•rt ol ltsw*l*l*ttMtb•51
Iov..
D¢pre<tsfion char8el•mountswtittÈn¢)ff
nvestment income
Net (￿inIOn Inyestfflents
Ilncreasel in debtors
IncreasellDÈtrea5el th Crtdths
11,1981
198
11091
11461
16531
13931
It cash prothded tyy QPefai*4 acow¥es
'. kn•lyb50f thini•51rthn•td•bt
2024
Z025
Cash at ba￿ athd in hand
1.619
4ZO
2,039
T4X41
1.619
420
2,039

Stlla*efs Mospke
ny•l Ileportathd F￿1￿101 StstErnents
FLYtheyear ended 31st Mavth 1025
Notestothe F￿ar￿al$lat*MÈnts
l At¢ountini PolKI
G¢nev*l Inlwrn•bon
Sl Rapttael's HospKe Is a prr¥aie C¢YThp￿ limtted b¥ gy¥anree In EnRlaThJ and Wales (com￿nY number 117325671 and
charyty re8lStered in EntsThl and Id41ityrwJmber IJ82636I. Tht re$￿tered offico isst rtaphael's Howca, London Road.
Cheam, SM390X.
The financial statements ha¥* beerth prepared fortheyeaiended 31 M¥rth 2025.
The financièl sktepiiwis have been prepared thÈ l%stontal tost C+)n¥entir￿ with itom5 initsally reCogn￿ed at COSI fm
tranyciion Value. unles5 ot￿r￿lse stathd In the relwant pdkynote.
Th• finantial st3iemont5 have begn proparod in ac(￿dance wth Accwnong and R•pordw by Chadties.. St¥tomÈnt of
RetornmendEd PracrKe ap￿Icable to chairtie5 preparw¥ ththr accounts in 4cc(Ydance Ihe FlnJncl)l ReportinE stsndaré
appllcable In the Uniied Kln8tlom and Republ* ol Ireland ICharltSes SORP FRS 102, updated 20191 and th¢ FI￿n¢11[ Reponin8
siandaid app1Ka0￿ In the UK and Republ￿)11￿11nd IFRS 1021.
Sf Raphael's H05Pte Is a chèrtty wtrmch Is a publ&bEnEfit enllty asdefined kn Fns 101.
Tho most $18niflcani arg35 of Jdlustmqnt and k•y a&sumpiith)K ihJt aff•¢tii•msknth•fln•h¢ial s)t•m•nts ar* In r45PKt of,.
• tho rqco8nitionand d¢lerril difKtyhe.'
- èuessirrf the piob&tMlity tslittelvliis k8a(*S￿￿1iK1i Uwiliv rwunL¥J,.
• e5llrnatln8 the value of fh¢81ft In kind ol propert*s ￿¢¥ple￿ rethtsi wtEmEnt wlth th Con8re8atKin of
lh* O•4ht*r*•ffth¢ C¢*s$d
As ststed in the TrustÈes' Repor¢ th¢Trnot¢es hwt aSféS5ed wknher the use of the 8c4¥ toncem as9Jnplofi is *ppropriote
In preparinq these financlal and thy tN6 ats•tyx•nt In respect of • ptrlDd l¥￿ y•ar Irom th• dat• of
rhe •pprov*l of thest nrtanclal statein¢nl¥
The Trvstees have kept abreast v11￿ actual and poiential iryact ol•¢¢¥wn* a￿1 vfflatiiy*ry thttrt•inties cn the Hospke's
0￿ratIonS. 3 particuljr loevs Oh its •fffgrt thg Hospic•'4 finarKt¥l POSitiOrt kneludiw $4wiee's incr*r￿¢, eKponditvre
and reserves. Thpy (￿lIn￿e to seet additH)nal Irom tt* NHS Ccfflffli55wrs, SWL ICB, In order to oftset the ièp
beiwetn fvndini a￿1 the ir*reo5e iry £OSts. Wlwlst èn K*iease was aRreed. it was insuffic￿Tht and the Trustee5 took declsive
actlon to kjwei operarinB cosrs tyy £lm w an annual ba￿5 In the year 202>24. They also 8r*telulty Secured a 8rant of £lrn.
rhèt year, from the cDD8re8atl￿ of the Dav8hlus c4 the Cross of Lw in line wrfth the Letter of CL¥nfr)rt which wa5
provided t¢ them as part ol the transler arya￿eMeThts in 2020. Ths ￿￿1$ed risks to the stratepc plèn includi￿ inflètKJn
Issumptlon trror".
The trkn5plte remikn5 relknt UP￿ th¢ 8ewoyty ccthmmffy ot a￿] Sutton ovon aftor having roduced cost ano
rlsk as described abo%*. It Is ¢onbDuing Wilh its ende1¥0￿S to increase incithe across oll *enyE5 in ordei not to iely upon
¥¢optlonal [qv￿& of l•ycy and 8rants trom th4 Ooc. Nohwth*tandin8 th• ¢hal¢pwp5 thar the Ho¥pko contlnuQS to tsct. It
is lelr thai li has suffic*ni cash resources aTrJ a real￿t￿ plan of aciion that ¥MII al￿ +1 to Cty)tinuE QPEralbn5 for the
foreseEable I￿ule.
Therefore, the Trustees have ¢M¢luded Ihat t￿re are no material urKertainties re￿1￿1 to vents or conditions thèi would
casl s8nifKant dl￿bl on thE a￿lity ol Si Raphael's HospKe w cm11n￿ as • ￿nc¢m. Thi5 is betau5e they bdleve th3l
they havesuffic4ent reserve$•￿% rewice5 10 with5tsnd anytemwary drw in irthno c* anyadditK)nal unexpected liability.
I￿oMe tomprises donatity￿. Bifts in kind lor <*Jnated se￿k¢S •TrJ facllltles. b¢tery thr￿OMe, ir*offle retam Sa￿$.
antsfrtsnsouth West London ICB and Olher Nprmsationstfwhèr with ofthp l)nf8rani deferred I￿¢1￿￿
I￿¢me is teco8ni5ed in the period in which the charity h enwed to rectypt, the *Nouni can be measured ieliably and it is
probable that the lund5 will bè rocoi¥*d.

5fRaWMefsMospke
Report Fth•n¢iilStstements
FartheyeJr ended 31st Mèrth 2025
Noiosiotht Fkn4#(l•l stJtem￿Ufft1knw
l A¢¢oynllni Pollde4.
I￿Ome Itto￿lth, convrtved
Donat￿nS and transfers from other re8iStered tharitiè* to ￿￿4t￿On5 are rKowws*d wh•n the charlty has
confifmatyon of btsth the amount a￿1 5euiement date. In the event ol donati(Kfj Wedged not reCe￿ed, thE amount 15
accrued lor wt*re rhE receipt is considered probable. In the e•*ni thai a dOna￿n is subjtrt to that re4uire a level
ol performance before the charity Is entIl￿d to I￿￿$. the Ir￿ 4 deferred and ThDt rÈtOgnised until Either those
conditions are fully meL or ¢1* fU￿11The￿t 01th05e condiws is wh(* the ccffjtrd of the charlty and 1¢ is probable that
th)5econdltlons wlll btfulffllpd in the repomnKpei#id.
Le8atie$ are Included in the ststement of athil*s *hthen there h•s b¢tfi • wnl of probate, the executors have
established that there are Suffic￿rtI surplus *ssets in the estate to pay th• le8acy. aNI •ty ¢OhditiQn5 att3£hed to rhe ￿83Cv
are wfthln Ihe cc•)tid of tharsty. The ￿l￿e used is disctyjnted by 1$% to reCo￿lSe the risk that I￿¢1 Y4lues
reali5ed maynoi reach the ¢¥1OnalYèluaiionesrmate&
Lottery Inwm¢ lsr¢¢o8nised during puioth In whKhthe lottery(*aw is
Interest on fixOs held on dtpowt is iKWtd recei¥al>le al￿ LI￿ •iiwrrt uri iw2 Tri￿>Ur￿j relldbly by th¥ th4rlty.' ¢hL5 15
nor￿￿11¥ upon nor¢licaiion olthe ihteiest paid or payable b¥th• bank.
*iJni< 8tsvgrnmgnt. other 38•nd•s and bodi•s b•ofi WKhJd•d af I1￿•m* fvom C￿rI￿bI* aftmtios where
these are akln ro a contyact lor ser¥ict¥ but as donatkffis wF*re Ihe Is th*n in r•Sp￿￿ to in ap￿•1 or Wi¢h 8re•¢er
Ireedom oluse, example m¢**$ for¢tye I￿￿[n8.
Income reiall 8rants b credlted to the ststÈ#*tht of CP4rtty is *Thti￿•d to r•ufv• the fvrtd6
and whenthe amouffl￿ttI¥l￿t can be qUaThil*ed.
Shop Income arises from ihe ol donated wods at charity shw Within the Surrey and Greaier LoThkn •rt•s. Oonatea
8ocds are nrymèlty dlstrlbuied very after recelpi b¥ the charity. S￿$ held al the repMin8 are Immater￿1. undér
Ihese circumsian¢¢s, IhE CP51 of wal￿￿ ali donateo go￿ 4wn re¢eip¢ by tht chanty outwei8hs ihe benefit to the users of
the èccount5 of providln8 this informaiiw. C(wueo￿. dLTh*d 8Dods ore l￿ded sok14y 415frftyuted
and •tsv#luo 16 pLi¢ed stoek of Sueh itcm> lll the ￿*r¢no.
In ¥ttordance ￿th the C￿￿ttle$ SOAP FAS 102 no finamal valtr•boh of v¢4unteew tiffle Is reco8nlM4 In these finèncl•l
statements. r*f*r to th• VolunTgMS" w11￿￿1th• AhhiL¥I RprTh* Ity fiirthordotJil%
Defeired itKome in¢lude5 a cash 4ranr 8l¥en by Cwre8lt￿ ol D4u8ht•rs of th• Cross of L*8e toward5 Stratqllc
Investment In the new thorlty. ThL5wasgran￿0 as part of the tr•nsler airawements In order to tr￿dIe the 3ntklgated lundln8
ap that will Jri5e over a per￿ ol five yeais as thR charity Irr4ests In its Strate￿ of 'EVÉ' (excel￿Tr¢¢, v151bility artd
en8a8emenil. Ille #eferred Income ￿1$ b• r•lea*d to thE5th*ment 0*F￿￿&11<￿¥Itylfy liht with Irs use.
O0fft4t•di•r¥lt￿
Donated 5ervice5 and laaliue5 are Mi In¢￿t e￿eThjI￿re when tht tharity ha¥ tnnirrt4 lhtr it*m.
cond￿10Th$ associated wth tsdonared rfiem hawt been met, the rece1pto1ec￿tr￿1c be￿rrt Irom the u59 bythe charlty olthe
Item lsprobable and that benefil can be measured r¢h•tyty.
The charity btnEfits from the use of the hospKe buiklin8S arvj 8rLHJnds whKh are leased io It by the con8r¢8dDW Qt the
Oau6htorsofth* cr￿ ￿lItIe at a pepperwrn rent The Y•lutolthi3 pFiin kirA has beenestimèted by the Trusiee5 loqlowln8
the receip¥ ol prDteS5￿al valuations the ma¢ket reTht 01 the Aministr31wo ￿lIdIT￿l?59 London Aoadl and rhe St eede's
CoThfeience Centye the caprtal Value of hospke bui&Ji￿ $r¢Junds. A 5% rate ol retum ¢)n the capital valuo wès used
tD e5tirnate the annual rental valvE. The LStimJtqd has Subse4utNYy bE¢Th by ￿terence to Ma￿¢1 indi(01(X5
fcr similar propertiesin the rE81(1Th.
Expendlture and the b•s15 OlappMk￿￿tos
Expe￿JitUre 55 recogni%ed <M)¢e there 15 a Wl or ¢Wi￿￿On to transter resowces to a third party. rt 15 probatrAe
that a tyonsfer ofe<•nomi< bEnefits will ty¢ rtyi#red ￿$¢￿t￿entand the ol ￿*￿11$a￿Ul•L￿11 ry116￿y.

St Raphaefs H05pice
Annual Rwrt and Sl•t4m•
For the ￿Tended 315t March 1015
Notts to the Mn•Th&l st•*emelbts.u￿1￿￿¢d
Expen¢&ttwe *dthe b*￿S￿l￿￿￿n¢tosty cortinued
All expendirure 15 accountel for on an accrua15 basis and Indudes any VAT that cannrt be re¢wed under the 533c VAT
refund xheme. Thsscheme Is specrfk to chaiities1h￿h ale LYeftti￿6 a5 H05wce5arxl ollw5 recovery ofVAT Incurred
on the nO￿bU￿TresS Ktiwri¥ Ih05wce 5ervKe delNery and mosi fvndrail￿j èswellas the uxwl busknessacdvitiÈs Ireiail ettl.
In turn that allty*s ￿ a ht8h prop(*don rew%*ry of VAT ￿ "4ppwDoned ac¢MlY', thor whlch 5erve5 ro siipwt the entire
trht•tprise. VAT rannot be recovered orthexempt actmty le¥ent4 educatioThand lottery).
Eyndlture comfvs the Idlothr4'.
rhÈ cost ol r415inK fu￿1$ Inclth fuThJrJNn8 publicity expenditure whxh comwises c05tS 3550ciated with fundrai￿￿
and shop oveiheads, publKW, adveitlW8 and ¢%*ni sta8in8. 11 3150 includes a share of swort Costs, Includlrts £o¥ernance
costs.
The cost ol chariiible xtlvll*s ¢¢J)wrhses al tr* costs ol operatit4 the Iiospke. all Stsff. suppl*s and propwty
¢wts. It alsoin¢W•s • sh•r• 01 swNr¢05rs. hKWiw8tywrnJnc•c05ts.
TIn￿le f¥*d451•ts
All a$5et$ whi¢hm$i in excessof ES,lQl •nd •h empeeted usehA life exc￿1￿* ye*r•rtt¥tytslised.
Oeprec13tlon 15 C3kul•ied ar the lolWn$ nt•s w a SVWt.lkne b•￿$ M oroer to olf each asset over Its
estlmated usefvl life..
. Cor￿￿er •nd other equlF4rnnt
• Shop nxtur4s and fitlln8S
• MDtvfvchKlcS
20. ￿33%
aa%
2SX
Improvèments to knn6 le•5eW woptrtytsdewedètsd wrlodofthè It*tè.
Fundatcountln¢
Any resiri¢ted lunds •re m¢nies lor, and restricted to. a speufk purpos¢ or ar¢ suble¢t to dorth-
Imposed condltims. The resirtcieo re5erve<omprt5esihe unspent elementof ali me IndMauai restncted fvnos.
The d*si8haied fuhds are those represent the Del bDc* valuE of tawible fixed ass4tg whKh aro usÈd In the day to day
wtyk vf the Pts¥pke Jnd •mwnt5 Set Jjide for fixed as5ei a<quthl￿ In the neKt t%¥efv* monih¥ atvj hErK8, or¢ ynov•il4bl
for worklni ca*ial ccrfnmiimeiiis. OeO8naied l￿d$ may be set *s*le for a spEclnc pwp05• d4￿gnated by the Trusteè5.
This designation can bEihanepd by IhpTiu4tP•sand thp¢lP4iw￿1￿funrt is I￿re$￿￿*e0
The ynerèl lund iepiesents Iiee ieJer¥e5 aro thal ekn￿nE of unre51ilcted furK15 whkh Ire ¥v•l￿ble furure sperQlns arnl
are I￿refOre calculated by taking ihe total unrestritted funds ol the thw ded￿rIn¢ any bal3ncp.s not a¥al￿bIP fnr
future 5ppndin& inclLwJirydeJ4N*d lunds whkh hm been Sei ￿￿e bytheThiit••s è partk¥￿r wrp05e.
Leasea asseis
Rentals Jppltable to ￿lse$ substinoalfy al of the bEnEffts aTrJ rfsks of ownOrth￿ remaln le$w a
hDrsed totho 5tst¢m¢nt gf FIr•￿i•l￿11¥111e50r￿a >tr¥l6hHne b•*Jo¥erthewiodolthe kase temi.
Debtor5 are reC￿l$ed at Ihe settlefftert amw less an¥ ￿￿￿e([NeI￿b1lrtV. PryYm￿ts are valued at the
amounr pald In ao*arKe. TW have been io the ¢¥esent the fvture c•shfecewt kn such di5CQUlltin8 15
cash
C•5h 15 helo ID tjank icctWm5 Qt In h6FKI aThJ rr￿ avallable del￿7￿￿ or tewm ¥￿th an ewry OaTe WlThin Three
monthsof the balance sheet d•te.

St Rapha•Vs
AThn￿l Report and F￿￿K1￿1 Ststwnenis
Forthe yearend¢d 31$¢ M•i<h 202$
Notes to ihe Stst*mertts.¢tyrtknwJed
Creditors and prow5ioThs are rerwised ¥then thwe h *n ai balance sheet date as a ve5dl of a pasi eveni, Ir is
pr¢ts&ble that a transler ol eccwnic t•*fii will bE required in settiemenL and the amtrjnt of the settiernent can b•
Èstimated retsably. theditors and prtyhskns We ie¢LYdnlsed ar the amow* st Raphaefs HOSPte al)Ik￿aleS Ir %wll pay ro settte
the debt. Thty have been disco￿ted 10t￿ presenivalueofthEfirture cash paymÈntwher¢ such distoun11￿is materlal.
P•sh)nCosts
St Raphael's Hosoke wiates a defintd contr*uikn penth￿ xP•e. *rttyJnts c￿ed represent the emgloyer<
¢¢￿trIbUtIonS Payab￿ tothe stheme In the year.
St R4ph•eVs Hosplce also part*lpates in the NHS pension scheme, a defin¢d be￿fil s¢l*me whth 15 underwritten b¥ ihe UK
T￿asury. The liabililiesvl the Scheme are Mt calculaied there Is Ottritrojison of lia￿lIty ro the p•rtkipaTht wsanlsation
includliw Hv*e. ￿[vId1￿1¥. thvc0ntyibutkn5are4¢w￿ied ior as were a defined cQnrr￿t￿ pensw)n Scheme.
Emplo¥eeCo1ts
SI RAph•el's H¢spkt hdklay yeai wr•res Awll 10 Marth. A wtek's worth of h￿￿•V thai Is ea￿d In one year but not
uiiiised In ihèi yeartan beuIr￿d year. Ine tost tOt￿thOrIty￿1 ltsl carry-o¥er Isesdmated and
accrued In Ihe ftnanclal statemehts.
St A*ph?•V5 Mo1￿£•￿•1￿•S ih4 loy•l s•r¥th￿l￿S￿ff1afiom0hes on award to sttsll •tt•in t•n ye•rsof Ye￿(e. The •ward
Is repeated •hd enhanced at n¥e ￿Or Interva15 the￿after. potendal ¢9$1 ro the charlty is tal¢￿a(*d IL¥ all slalf who have
reached the end ofthelrfihhv¢•r ol%rylceln w0[￿On io th¢time wtyked tow¥d5 the next award milestom.

St••ph•tY5 Ho5plre
Annual Report Fi￿￿¥15￿te￿*fftts
For the ye•rtrwJed3tst Maith 2015
N•itttothe *¢<owts. (oThtynuEd
D￿•thin51nd IEiadts
Vnrtttrktt AesiricleJ
dftsnds
furtds
Trtll IQZ5
Donal￿&
1.6P5
63
315
l668
315
1591
3.575
31S
315
Le8aciES
Its34
1.592
197
Gllis In ￿1￿ Include a Irorn fheconBie8at￿Off IheOav8thTttS olthÈ cr05501 Ljèy rewewts the estirnated market value ol
Ine lease ol ihe L4nd and bu1￿1n85 used ty the than¢y. ConyeEatKn at no coll tothe chanty. Tht martel value of rent
lot th* woperty been Estirnated * (31$.￿ the year12024-£315.IX¥)l. T*•eitirnateO¥ilue has b•en r¢cwisedvWthlfi ifsC¢ili*45¥
dots3t￿n. and ah lou￿lenT ch¥8e 1ThdL￿￿ Wilhln cott%.
In*Jdktiort, the mos￿te Enjryfiihe benrfii& %y•JnteV5forhdp kn ther￿Mi(￿lhem)Wte.￿n￿1I￿ryJr￿ the SW. In KccrdiK•
the Oc(Ourt￿l wll(V. tht¥*lw Df these ter*fv)hIsnc4tff￿ relle£ted lThi*tfiDarfbèi
Vmeiirtte
dfvnds
fu
2015
Lotierylnrome
Retoll 5Jles Jnd reLited IrKow
387
354
1,727
L727
Y69
4 I￿0M¢frOM ch•th•bl* •tltshb*l
Vwertrtte Remcito
dfuhJS
fun05
fvftd5
41IZ024
$WL ICB
SWLICB Gnnrs
Intorne from so￿h W•st london
Inl•y•t*d tsv• Bo•rd IICJI
1.9J2
1.931
1.697
1697
697
132
112
OtK•rthe•Th•
iJ2
Tf* w•5 Brttetul lo recdve £132k ihe tm Nostyce Grini 15 JdrnlN51ered tv Howce UK.
Ttr*se fu￿$ been in the yur OTh *kned thÈ o5tal• al ihp ￿04￿r• *nrt In d•Ir•￿7
Imwfftour¢f Jnd dwtal
107
107
IOF
lop
ye•rer￿¢031 Marth 2025
St•ff Costs OthErC05ts s￿[¥4￿c0s
To¢•1
Lkni•strkt•d
Fundrbi#nq
214
969
14
344
eharityShop*
314
518
2,050
I￿77

sIRaphaef5 Hospke
Annual Report and F5Th3￿￿lS1atQmeffjS
Fowth¢ y¢•r¢nded 31st Marth 1025
NOt•St0th￿ aLcountr¥
Ke51rkied
525
24
166
12
905
totttry
20?
243
278
1,970
1,97fj
olt**tOtslhlni
Unw•51rkt•
R•strkt•d
Yur•r*ed yi 2OZ>
493
271
3.046
1817
L751
2X)
iii
Izo
109
229
Hosplct fDrnfflunityiearn
PS￿h￿￿k￿lsup￿rt learn
Educatltyi
Orangery
Vrliint•grs
wel￿e￿I¢£ntie
274
134
27
Z4
24
31
117
120
58
53
4B9
925
5.349
Unrejtrkted
Reorfrted
Nosplreth.Poritntilnlt
632
2,922
3.703
219
93
41
483
328
J46
161
118
135
287
91
IQ5
28
21
Orongery
J2J
Jio
203
40
22
cenrre
32
485
828
Ner Statedalter chariknq
Authlf*srethJr*t•i
27
6.232
443
197
LE*e ienrai costs
Dewec*tthi
See note 7fty an areal*Uiedacross￿M￿e$W ibe I(4￿1r￿ bJsl5.'
QUalrty<osts-bas*d￿ haspkeheJ*ouni withop￿￿KltolTh[c4￿l￿n￿f•t￿•rt1Ykty.
7 $1&11¢¢4ts
¢harbtsbltAdNrft*s
Year ended 31 M*rth Z015
Nl¢
Total
154
129
19
39
1.gij
1.505
207
B3
32
at Mome" Community l¢*ll
P5ychokw"cèl Svrwrt team
Educati
OraTr8ery
Voluol•w
WellbeSr*Centre
181
74
63
Iko
322
IXI
39

5t Ripthl's
Forthe￿Ile￿1ed 31st Marth
I￿¢￿¢ GEnerJJt
Y•avond•d 31 Marth 202$
Fun¢tra151
NIC
497
565
25
Pet•llSh
1.324
114
5￿p￿￿¢T••￿
Y•arthJ•dJl 1025
TDtsIStslf
oh-stifl
Cmts
Yot•l
5wport
EXeC￿￿e01[￿e aThd Cornmyr*iriord
HA
IT ènd F•tUttles
FinJne•
Qvalltv
155
126
273
18
io
29
561
164
492
139
io
Jo
lots
720
Ch•rfi4bl•ArtfvIIIts
Yewefvded31 AiwthIQZ4
0wcej￿pQ￿t￿ruthI
L524
J.2J9
236
148
J32
93
131
J.482
Z04
Orongery
vol￿(1tfS
¢totre
26
61
123
27
133
32>
kjo
465
2]
4?
13
525
24
890
J,•)9
61
Jio
Morthzo
Costs
Cost5
2Jl
52
205
33
497
ondFgctltlles
Flnon(e
251
132
95
91
Jo?
FJ
31

St bphad'5Husplc
A￿￿1 RepDrt and FI￿￿%111511tlff￿
Fwthe yearended YtstM•rth2025
Notestothe att0tststs.¢￿Tr￿d
7 St¥flc05ts. roni)￿d
In [L￿n ￿th Olher Tr*ospitr5, 5t Raphaefs St• thxttss SpEo"Jl"5f Palliaifve Care C¢n5ullanls on 5tand¥d
NNS rates d pay tIM5 k5 rehethed ernpk￿￿ reptyt. ThÈJtsntQE05 We the hi¢￿St Pahl empts Tree senhy
nw$4S ar• Inc1￿•d IntNsliStbn¢¥fteriThchJd*￿t?vtrt*tst*d w50ri•l IiTrEWith NHSA6thidèfoi Cliaiy.
The DLYnber ol emr4yrt*S **K) por 4Y•WM• •nd L¥￿0￿¥1 *lrftsl durin$t￿ year
2024
£60mi.£70DX>
£70,(K)I. E80.(K
£90,￿1.
£g0,LKIi. £iW,
£IWAAII- EllO,rtsJ
Ourhi the yeai Ihe thavttv wdErt¢ok • rf<oSt redwwIt￿1 rldurnd ￿￿r5 I￿￿d￿nCle$. Paymlhts tyf t150k wwe
ad• In rup•rt & thlrt•w 12024.. *)n•l •t4 £41& lor threc athtr •y¢4wu tg ttrrt ter￿n￿liOr+
12024.. É7k, ￿).
Key maha8en*ni person￿1 c{ffi￿se￿ Ihe IthI<EOICHfikal Dwottrrt. Joknt.CEOIFIAance ￿rÈ¢tor. the Dlrethof cl
FuD*a151n¢and Cornrnunlcaiims the C¢rnmEi(lal Olie£tor. Dwecirrf ￿Quali￿Y and GthYmarKe￿o the OirettNol IT & Esiaies IOEether Wlh
r three spec*list palliètivet•re consuhanis. Ontolitht¢tynWIJM5 tJkeslhe iole ol W c¢h5uiiani on a rctati(hvl bèysand Is i rnember
ofihe Executlw Cammltt•& olthèHOWke. Thryire TrDt In mn¥yrnent ctssts thwn be￿￿.
Nyii¢ ul Iiu51ee5 iecwyeo Inv r￿Mera1￿)n (4 m•1 seThYes thi¢ ￿ar 12024.. £nlll. No twl el potket *xp•n5Rs wgr•
Idrnbvr5edtotru5teesdullt)8 tNtiY•r11014.. £nlll-
The total èmplofftnt c￿1 iaxaN• b•n•fi*% *nEl•fflrA-Wswflw ¢lth• k•y m¥nJymeNI
pers￿ne1 41 the eh•rNywer• E544.20412024.. ÉSS1.2￿.
Sl MdvLh 1029
FIE
2021
Js
J9
2025
202$
26
14
2024
Hosp*e Unit
'Hosplce èi Hcthe" CLYnmwltyt¢arn
P4rholwcil gJppDrtt*im
EaL*ètion &QUal
Volwteers
W?lknpini¢•nlrp
H￿￿kee91￿8•ndofonYry
05p*e*Jrninisirn
PleoicJlteam
Chrft•bk Artk41kn1
15
14
107
Ixi
Tl
FWdrab￿n8
13
14
12
40
29
4J
IntOm• G¢rnr•U
SuFFOrtS
Execuri¥eandFinarK•
$MppwtServkes
13
io
12
ID
17
16
13
147

StRapha¢fs H05pKe
Annual Report4Trkl
For1￿¥tart￿l￿ Jlyt ￿rth 202S
8 St4ff
YMr•nded JI Mar¢h ZOZ5
J?5
202S
20J•
20?4
Permanent ltslltime
Permaneni part time
"8ank"¥afWeWs
58
103
3B
13
35
181
J25
Ih #ddbtth to o¢Jr pow sith. st Rwad's Trlowce b￿￿lItt￿ ffrQ￿ thE SUFWI 4WuMeers ¥Jho ¢Ohtr*uted iheli Ilme to 743 iolt$
12024.. 7921.Vc4untew tlmplsnota¢¢wrttedfty7kn the5effinwdbltht*N
T•x•t
St. Hapha•fs Htssoice 15 a rey5tsred Chbrlly artd ihvrefore b•¥iiliat& Irrforne w¢x<wi•tknn iaxtsfi iniome derlved
Irorn its charfi*it a(w￿lIes. A5 a Mospk• ￿ has*ak*n atrrfantapol th¢%33c VAT aUtrrfArw w￿Che￿a￿e It to reclaim i I*TV PQrtion 01115
VAT paid.Al th•l￿d01th*¥••rl r•fvnd bd¥etst£69.241I2024..E51.1)￿ ￿￿thI5 ljlnchwJEd drbtw
Aetsii
Motor
le¥￿￿d A$5etsunder
vth*￿ ImNtr•*mElli CMstrurtion
VI¥Lwe5ar
Fllllnil
T•t•l 1015
ErNIw¢
556
si
Transfer bpi¥Mon
120
13
21
ifjs
247
015PD5o151WrltteTrcff ￿31
Ak Bl Mafrh
597
155
•prI¢￿1
41
23
xsj
71
Chjry In ve4f
EllrnlThèt•don Llspo
14
197
118)
Al 31 March 102S
47
206
N•1 bQOk¥ilL*
At 41 102S
15
149
Al 31 Mèlth Z024
515
166
235
zo
971
TFe l?nd and that ar* ottuwed lry Sl Raphaofs ar* Imhed CLWtfdtiOn ofthe Dw¢hlws of the gl Liège and
ale ￿35@d to thÉ Chanty ar a ppppeicorn rnnt31. Wnd in financial statèh*TrtK ib5 ￿K￿bed In th•
Princigil iccountmeFdl¢￿ •t i.
Xl
201S
£'C(Kl
2015
2014
3024
Marketats￿
Sirasin EndowJrneThts
èiket vèlut èt Start of y¢
Netaddllkn15èl w)1
DIsp￿ISat makÈi value
NetRainllkissl on revaluation1thst￿$
K43rkÈtvalu¢•t 31 Marth
671
1,352
4953
59
f486J
146
1,705
1403J
1.352
L671

St R•Ftha•Th HosW¢e
Amual Report aThJ FIMrtkn15tst•rn•
Frq theyeirend¢dJtstMath2025
NoteSt0t￿ aC<o￿ts.￿￿1nWd
UguklAssets
2014
2024
L￿￿Id1￿Fwd
14
In¥*StmÈht IhCOrnÈ
Inter
wetadd￿l0ns it tts#
Tr•nJlerioCa5h Dew5il
L¥5P05atsat mo￿¢¢¥￿￿*
Mèiktt Val￿•t 31 M•rch
(5LWJ
47
iozs
2925
£'tsYJ U**£ib)Ys
1.735
1,352
1.615
1,352
r(w U￿ts LW%
16?2
1,3
L6JS
1352
Total In¥*ttthent5
Mark¢¢•W In¥tstments
Fixed It*0
16S
1.159
207
1224
59
lis
Pfr*P¢CIy
lefTrat￿I￿veStm•nt1
Short teirn deposits•rtdt
167
1.735
1.671
12 D•fyto
X124
1.5
pitpaymenis
VAT r•cgivatrA•
OthorO•btori
247
74
367
J96
IJ Cw•d*o
2024
Artwntslillry duo *41hhsoA•v••r
Trtd•crtdltot¢
Sochlsttviiiv •nd othertaM5
Qlh¢r£rtdii¢tsano JccruJb
Del•ir•o Income t**aseol Doc 8rnM
LOiiErydEIEried I￿(￿nE
thherdefwrvd Inrn
Iix)
12T
336
135
426
ss
22
53
23
io
1024
903
14 Drtsrred IiiriiNie
I￿5
Ttstal
2024
Tètul
D¥C6v¥rt
erauBhtloTh¥4rd at JWW2024
Movement ￿ iheyÈat
1,403
1.478
1983
CarriEdforwardat31 2025
77

S¢Raphaefs Hospkl
I￿￿¥•1 Report ind FINK￿1$￿¢*￿trt$
Foith¢ye¥tnded 31st Mar(h 202$
14 D•lwred Inrarn•,
A (ash giant 01£3.trn Wa5 IheCwwb)ndDaWlors Cross ofL*ILknCI Irb 20201w4rds the year 5tTrte8* pkn foi
the Ih•iiiy has been ItKhJdtd in dElerred Ths vnll re*a5ed io the Statement ol FinèrfKHI Activity ISOFAI In Ilne With the
((K￿lI1u1Y4 ul use. a5 5tipulaied In me iwyer arrntytrnem oet*%en the aThJ IhE charity. As o suiplu5 was Beneraied, MnÈ
rÈlÈ35ed ro the SOFA In theculmt ￿rI2024.. £￿1) ¥d IhÈ r*1&a￿al i £6r*)k hès beert tMh4Retedforthe veario 31st Ma¢th
2026 and is as.Cretht￿S.' amthits due in at not• 14. ￿tante of £O.8m Is iodud*d undv
.Credttors.'amE￿Nl$dVekn rnoretha• cwwfirAlis*kntoberoleaSed¢N*riheEn￿rIl￿pt0 ihr¢e¥ears•s¢he pro8resse5.
Other deferred Income btterySubststyr￿m&*ltrIth￿e thery+knv*saThllO(*ye¥Em AIW In *JY•nct
ollhechallthwe taklr¥
IS R•51wl¢t4d
The re5tilct*dfLwds at* mpN¢s
At 31st
2024
TTahsfer
At JL5t
Miwrh 2025
Fund5
0ereDVwr￿ThlS￿PFortfv
04Cilft In klnd
SWL ICB&iant5
Hospke CO￿ta16T1
Otherr•strfct•ddoMtIL
315
iji
IL
li
92
489
Tmnsfvr
èet**en
A13111
Mordj
1034
2013
315
13151
I￿)
SWL JCO kyonts
Othwrestrktsttt*￿ttO
ere•¥ynent wpport iurA towiMnt•lhetwdlwolthe PsytFdcwi SLwpmieJrn Jnd rel)Itdcosis.
The ouc lift In kinJ reiai*sioiM ￿tThe w anJ Duildihvm • X>yeJr*a5e li a pwerctyh*eniil. The Gfft InKIr￿ recwises Iht
luatlon Pla¢*d upunihe use otthe tyinlndependerrt 2010 Wu51edper￿1U1yto ieflttt Inf￿1￿ll.
ThE Swrh We# London Intey4th1 ¢•t Bowd ISWL K81 f•Thts ¥e wfL¥wJ ¢no okn*•l Ilwx 5pethllsts for w••k•Ad
and barth h￿11•Y £o*r. ND h•5 teen rtceirtd ￿23 the UUI1￿. A new bK1 I￿11 be made ￿n the new
nart(ial ye¥r.
HoW(e to reco¥t £13lk ftryn UK GwnrKni MospKe (wai Grint 5rherrewh*h L1th￿l$left0 by H05pire UK. Of
Ihese fund¥ tjyk ¥¥as sperf on ¥uiwrrfdnt the e5tale ol hO5w￿. £93k 1¢ i*¥ek)p lffyio¥e Qur IT and d*YLèI
(aF*ility.
Otherrejtrlcted &oMtnY*srewtjetsi￿I￿ lry4t*5drywtqdtoin* Tr¥>wt*lorspetyi*purp>sts.
16 D•sWt•d FufAIs
TriThsf*r
At31st
2025
2D14
FuipJ>
FixedAssei Fund
4ulreJ
(￿nMitted
udwedknitkn 12
971
1268
165
193
78
J15

Fin•Trr*ilStatemEfils
the Ye•re￿￿ 315t Mavih 2025
Notestothp accounls.
16 F¥r•J, conihwjed
Allst
At3Js1
Morth1024
2023
ss?
312
11981
971
20
193
202
1252
The unrestrtcred fundsolthè IndudeIhefdfv￿IdcW1ie￿fvff￿5wthth bttn sQt I5KIE byihE trU5tee5 lor speclflc PUr￿se$.
Theflxed assei lund repiesents the ￿1￿￿1￿41t￿effi1ed I55ets. *ffiKh¥eusod h)th* thy-tO4l•¥￿rk of1￿ H05piceand hencels
not 4v*1•¥e fry worklryupltal.
Ttr*tran51er ID the filed assets"at¢uWrf lund rerye5ent5 Ihenet ol depreciatknn In Jssetscver the
ye•1."Comm￿1ed" expert&tLYt to adLftW5 ¥JNch Ihe chartty ￿¢￿Il￿¢u•l￿ltsl￿tO cornpitte ￿d.4￿￿&*td. ￿lateS to propostd
Idditions that have b¢en•Fswty*J* Ihe BoardoffruS￿os[thry￿ Thtw re￿l¢tedfUndSbI￿j$Q1*d 10 be¢e¢el¥edl.
IY ol n¢k•M•ts
fund
Genet4 fU￿j
fu
Yot•l Z025
Current 15seis
Ciedltors." amounts laiiify%due wirhlnoneyoar
¢re¢41ry5'. •rnpynis lilllrydL* •ltv moi*th￿¥*I￿r
4A)12
4.)
hejtrkte
r•tolZOZ4
FlxeLlossets
L672
3.3??
(L139J
971
113
1.613
16
At 3) March 2025 the Mowc• had ioial ¢tyi*)¥¢bNnU wdEr nllTrardlible fw shops *J rel•ted (4fi¢e ar
waretwe rNJilthnyaSlrlbo￿.'
rrfs
2015
2024
Commilrnentslalliwdye..
320
276
409
309
538
39
Within one 10 Iwow
Within twOttslwtye•
(hyrlhY•￿5
The Pwk Jhop dwn¢ ihe •￿j 15 an the rnw*et in order ¢0 )5*￿ thE IEa5e. ThE lull rernalnln8
carnrnkm•nt Di£ifMJk haSbÈÈnFm￿QdfDrin1hHef￿￿Cl?l￿t¥ler￿￿.

Sl Raphèel's Htypk
n￿1 REport•r￿ FbNKknlSt•tements
FowthE yearendtd 31st ￿rth 1025
5t Raphael'5 Ho*ie was • work ol The Ctr%waiiOrt DaushtEf5 uf thE Cros5 glLv4e I"￿, tharlty nuTnb2r 106B6fj1
Y Com￿nY nurnber 349292J I In 19B7 its actMt*s tjjere iwtod as part of that entrty. The xtivit*s •hd th¢ typer•tin8 a55els ènd
ILd￿li11t$ ol the work wete iian5ferred knrosl ￿￿.5 H05rke{thkn numtef IL82&16 a￿j uthpan¥ i1732567I YI Octthr
2020artd frcmthatpolntltÉ Wtity.
Twool ihe irusree5 of Doc ore itsoirustee50fSt R•phxlsHosw andsr ￿t￿￿￿o.￿l￿1.Or¢ rnerrthrofthe FinJn
& ResourcescommiiiÉÈ Is a ad￿￿111 thE Doc EdC(rt)
The Ireehok# ￿theI￿nd ind thai cc¢nprvthe St Raph*'s N95¢i¢e shte are Drf. ThesthavetsEen ￿aSedt0 St R•phèEI'5
Q5Pi¢e under t￿ee separ•ie lease5 tr the t￿￿* (the wow(e. St Bedrfs 759 Loth Roldl •ath lor tw•itv vears and It ¥
peFvrrorn rentjl ol £10) perJnnum. At<ialo1£3W wasp*& 47 rtspect ol these ￿lse$ll014. É3001. Th¢ lease5 Ire val￿0 at
Éa15k pqr annurn and a •It.4￿k￿ t4 i•CWLwd ￿ these hr￿￿•1 swernents this ar1￿untI2024.. É315k). The hotJ4oè1 itntal 41 £315k K%
also rÈtdBnl*d Inthe5E 5t4iemEn1512024. £315*1.
A {ronl cl Elm was 1024 tQ SupoNt Ihe ol as tt rethjced twts In the fatÈ of lrfltxed Inllatknary
ITh￿￿1. Nv8r•nts wefo recth￿d intht ykvytar.
Ourlni the ryevbous ftharK&i year. seM(es *re W￿ded at a m**èt £4.￿ ￿ D¥md&l Qffjsuttir￿ Ltd. Graha￿ Darnlle is i
Irustee ènd a150 Dirertorol Oarnd*Con5un*ii Lld. Nore*ve Inthecwrent yt¥.
7here*wenooiher r*•ied p•rtVV¥SXikn&
Asai Ji Marih2025 IheTt¥mInDcaF4￿cC4n￿rn¢nv.lIo24.. E2C*I.
ThtH05WCt mJkt5 hiespEctrfihE￿Theffl ttsernp1trfft51oe#thvthe NMS penskn s(he￿OrRov￿ L¢n&)n.
TheKw71 Lonthjn pengor*scheme IS a oell￿a c¢ntf*wJtion ￿1￿£0￿n￿￿￿￿￿¢t8IOt1nthE r*rfoOIDwhlch they irfse.
Th*Cant￿￿t￿l p4Y4ble lor Ih¢¥Nvwere£130.67612024.. £133.W.
Th• NNS p•nslon Kh•rn• l¥ a d•nng0 sch￿* IS lh• VK Tr￿6￿￿. Thy Iliknlitlqs ol ihq ￿h•m1 ar• not
•11¥14ied Jnd Ihere 15 no •ttrtbJtlon ol I￿11￿ IQ the ¢rwisivfMik Hw*e. I￿￿￿1n￿, 11 hJ5 acGounted for Its
trIbUt￿n5 Jsllitwereadehned ccntntwjtth scheme.
TheCon1￿6￿fknS i0i*e schttne w•r• £150AW12014:£1585761.

nuilRe￿rt•Thd FiNnci•lStslements
F*the yearended 315t Marth 2024
22 (tsm￿rI￿&statorM￿t ufFinaTrtlal Aitthforth*y•ar•* 3WAknrrh 1024
Unre5trictL¥J
Tc*al fvnd5 Totsl luThls
Yeay to 31 Ye3rto 31
Marth
Marth
nd
1024
2023
m•and ¢wnd*uv•
Ponation5 andle8X
Other
kn¥t5tments
Charltableacu￿￿es
cl￿1¢01 Comr￿$s1o￿￿rJ￿P$
¢therln¢w¢
3.L97
2.￿1
378
3575
2A￿3
3,799
1.787
L697
IM7
1.6
Tot•1 Inwm•
7,13B
37B
7.516
7,467
Expenthure on:
RaisI￿l￿n05
cha￿tINe artmlles
122
5.153
LS00
5.260
5,7J8
Total•Kp•ndltur•
8.375
8,860
7,760
li
146
N¥1 l¢xy¥riuiiYi¥i￿fW¥
11071
Trwsfersbth¥eenfur
1>16
Il•t In fvn
{L190J
13961
Recon¢iliatI￿ ol lurAs.
Fwd bI￿nc•sbrwhttOr¥J￿d •t iAw4201J
L252
5A76
5.U7Z
Fund ba￿n￿& carr*d lornward
[31 Ma￿h 2024
3ll*2
Ll84
92
4.278
SA76
l olthe ¢h•n[￿S*¢tbVbI*sthjf1WIh¢abtrl¢NOfih3r￿￿IpÈ1H￿%dIfl￿dfrI*￿ t¢￿t*u1￿c￿3L*ns.ArUll0￿PJrntfve statementol
lits)rt¢i•l 24 t•th• #3¢4hWThts.