REGISTERED CHARITY NUMBER.. 1183110 of the Trust and naudiied Fin nelal Statem For The Year End¢d 31 Ma 2024 for James klns Trus Kingscott Dix Llmited Chartered Ac¢ountanls Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 SEN
Jame5 Ho kin$ Trust Contents of th? Flnanclal Statemen For The Year Ended 31 Ma 2024 Page Réport ofthe Trust¢¥$ Indep¢nd•nt Examiner's Report Statement of Financlal Activities Balance Sheet Cash Flow Statement 10 Notes to tho Cash Flow Statem•nt Notes to the Finan¢lal Statements 12 to 20
Jamas Ho kins Trust Re ort of the Trustees r The Year 1Ma 20 The James Hopkins Trust prosenl their Trusteès report and ffinancial slalements for the year ended 31st May 2024. The financlal statements ¢omply with currenl slaluttjry requirements, the charity's trust deed and the Slalemenl of Recommended Practi Accounting and Reporung by Charili8s'. SORP applicable lo charities preparing their accounts In accoTdance with FRS 102. OBJECTIVES AND ACTIVITIES Objèctlves and Aims The aim of the Trusl is established lo help severely disabled young Children and those with life threatening and life limiting illnesses up lo the age of six in Gloucoslershire. This Is achieved through three objectives.. Ovorvlew of Objects l. Relief for Children Under 5.. Providing support for children aged flvo and under who are severely dlsabled. Ilfe-limiled, or life-threatened, and have nursinglmedi¢al needs. 2. Support for Children Aged 5 to 12.. Offering school holiday daycare sessitsns for children aged over five and under twelve who are sevfyrely disabled, lif8-Ilmited, or life-threatened, and have nursinglmedical needs. 3. General Support.. Facilitating and assisting in the provlsion ol facililios that help such ¢hildren. S¢rvlces Provided by James Hopkins Trust James Hopkins Trust is dedicated to supporting children with life limlting conditions and their famllies by providing esseniial respite care. encouraging community connections, and offering comprehengvè emotional support. Our purpose-buill ¢8ntre, Kites Corner, and the range of services we provide are vital In ensuring that families receive the care and support they need during challenging ts'mes. Day and Night Nurslng Respite Car¢ Kites Comer.. Our purpose-buill ¢8ntre on the outskirts of Gloucester Clty offers day and night respilg care. Horne Rèspile.. Depending on the child's needs, we may provide one-to-one respite care in the family homo. Nursing Team.. Composed of registéred children's nurses. Heatth Care Assislanls, and Early Year Educators, we provide a hospice-modelled palliativè care service. Family Support Quality Time for Families.. Wo understand thg impact of caring for a child with specialist needs and aim lo give18milies the chance lo rèlax and spend quality time together. Community Building.. James Hopkins Trust is a pla¢è for families lo meet others In similar siluallons. encouraging lifelong friendships, empowering individuals, and developing a strong sense of belonging. Organised Famlly Activities Family Events.. We organise numerous opportunllles for families to gather in a safe environment, induding family fun days. picnics, and Christmas parties. These events often provide the only opportunilies for some families lo go out together. Emotional and Practical Support Ongolng Emotional Support.. Our nurses provide conlinuoLJS emotional support during vlsits and through extensive telephone contact from the point of diagnosis onwards. Care Planning and End-ol-Life SLJPPOrt'. We engage in difficu51 conversations around care planning and provide increased support during end-of4ife, working closely with other services to respect the child's and family's preferances. Posl-Bereavemenl SvppDrt.' After a child's passing, we offer ongoing emotional support without fjme constraints. Our "Afternoon of Memories" evenl every December allows bereaved families lo remember and celebrate their child's life. Publlc benefit The Trust looks lo a¢hSeve these objectives. whilst demonstrating ils charitable purpose for the public benerrt by the provision of nursing led respite care in thè purpose built day and overnight facility al Kites Comer in Gloucester and daytime nursing respite care in the lamily home. The Trustees consider that they have complied wlh their duly lo have due regard to the public benefit guidan when exercising any powers or duties lo which the guidance is relevant. Page 1
James Ho kins Trust Report of the Tru5ta8s F r The Year ad31Ma 2024 ACHIEVEMENT AND PERFORMANCE Charitable actlvltles The ongoing Concern of James Hopkins Trust is to continue providing the high standard of respite that families deserve and rwive. while balanclng safe working practices and preserving the team's workllife balance. Over the noxt three years James Hopkins Trust are working on expanding its nursing department so that the overnight respile sessions can increase. Sadly, il is well publicised Ihal the UK'S children's palliative care workforce is al breaking polnl": -There arèjusl fifteen children's palliative care CDnsullanls in the UK when there should b8 40.60. -on average children's hospices have a nursing vacancy rale 0112.2010. -Two thirds of children's hospice nurslng posts are still vacant after three months or longer. -There are just 574 NHS communlty children's nurses in England.. safe staffing levels suggest there should be around 5,500 CCNS. 'Source Togelherfor Short Lives 2023-24 ha5 been a time of meaningful change for James Hopklns Trust whero much of tho year was spent implementing our Tevisod respite sessions offered. In terms of service delivery, 202312024 marked significanl achievement with an increase of 3032 respite hours provided.. ' 202212L123 8,683 respite hours lo 108 children ' 202312024 11,715 respite hours to 108 children This unders¢ored our commitment to SUPPOFting the families and children who rely on our servSces. In the face of ongoing nursing recruitment challenges, overnight respite sessions have not matched previous levels, bul we have successfully iniroduced a diverse range of additional regular rasp8 hours. Thls adaplalion has enabled us to oxtend our servicgs to more children than ever before. The reslrucluring ol the Inlegraled Commission Boards, and pressure on the NHS continues lo dominate th& news. All of whieh means that we will need to work hard lo ensure that palliative, respite, and end of life care for Children occupies a strong place in planning and dlstribulion of funds from the Government. We are engaging with our local M.P.'s within Gloucestershirè lo obtain their support lo ensure that funding for Children's Hospices features in any govemmental fulLJre planning and distribution of central funds. Events over the last 3 years have highllghted that when all parties work together James Hopkins Twst plays a vllal role in the struclure of PTovidlng co-ordinated palliative carg lo children. We musl ensure this remains al the forefront of any future devélopment within the provision of palliative cara for children. Wo will continue to work closely with GIOustershlr8 Integrated Care Board, So¢lal Services, NHS England. and other relevant organisalions on the issues surrounding stalulory funding to try and ensure we are able to provide the best care and support to our children and families. When we prepared our bLJdgets last year we were very concerned about the initial impact of higher Interest rates and inflation on the g¢onomy and how this would affect fundraising. As a result, we forecast a significant deficit however following re¢eipt of several unexpected donations, grants. a legacy and doser working with Glou¢estershire's Inlegraled Commissioning Board means we are delighted lo end the year with a surplus of £e7.340. The fulura is still very much a challenge. as high inflation and inlerost rates nllnue lo impact on individuals, spendable income. Page 2
Jam8s Ho kins Trust Report of the Trustees For The Year En 1Ma 202 ACHIEVEMENT AND PERFORMANCE Fundraising activities James Hopkins Trust Is reliant on the support given lo us from our local communities, and further afield. lo ensur8 we can continue lo support the childr8n and their famili85 who need our services. In a year when people's disposable income continues to be squeezed by the cost-of-living crisis, wo are exceptionally grateful lo our supporters for their loyally and generosity. Our approa¢h to fundraising Our team of fLJndraisers and volunteers. offer a wide range of activities through which peopLe can support our cause. From events and communily led fundraising to corporate donations, regular standing orders. gifts Igft In wllls and our own Glouceslershire Lottery we aim to have a method ol giving that suits the arcumslan¢es of all supporters. Regulatlon, Compliance, and Governance We are registered with the Fundraising Regulator and comply with the Code of Fundraislng Practice. We had no compliance issues with the scheme during the ye8r. In 2023124 we were a corporate member of the Chartered Institute of Fundraising ICIOF} Protecting vulnarable people and mèmbers of the publlc Our Fundraising Policy JHT 071 advises on how lo protect vulnerable people and The Senior Management Team are available lo support and give guidance lo other team members on any concerns. Mosl of our fundraising asks are mad8 over social media, which followers choose lo receive, and members of the public can @asily 'swilch off. We hold regular leadershlp team meetings where any concerns regarding our contacts ¥th the public can bo dSscussed. All funds raised by the Charity will be spent for the purpose for which they arg raised. Al funds raised through activities will be banked into Ihtr Charity's bank accounl before deduction of expenses. ames Hopkins Trust will comply with all relevant law, regulallon, and codes of practice. -James Hopkins Trust wll employ suiiable fundraising staff -James Hopkins Trust wlll never sell or sharè supporters, personal information wSlh a third party. Unless required by law lo do so for exarnple HMRC. -All literature will properly describ6 what donations will b8 used for. All fundralsSng activities w511 be conducted in an open honest and iransparenl manner. -James Hopkins Twsl does not employ the services of Professional Fundraisers., however. we may work with third parties in some of our fundraising activities. Page 3
James Ho klns Trust Re For Th ort of the Trustees aar Ended FINANCIAL REVIEW During the y8ar income lotslllng £748,379 12022.. £670,285} was received. Grant income for the year was £417,04612023-. £327,797}. Th8 Trust received grants includlng £146,517 from NHS England, £80,197 from Together For Short Lives. £55,000 from the Julia and Hans Rausing Trust. £23,919 from the Pattery Trust. £17,600 from Pied Piper Trust, £10,000 each from the Matchroom Charitable Foundation and the Summerfield Charitable Trust and £5,000 ea¢h from the Albert Hunt Trust, tho Sobdl Foundallon and the James Tudor Foundation. Donations and legacies received and due for the year were £249.195 compared to £244,651 received for 2023. INVESTMENT POWERS AND POLICY Under the Trust Oeed. the Twsl has the powgr to inve51 acwrding lo the recommendations ol the Trustees. In view of the working capital requirement of the Trust, il has been agreed lo retain funds of £250,000 within a 32-day notice bank investment and £250,000 within a six-monlh bank bond investment wth a further balance approximating lo £200,000 in an insianl access bank investment. ihe remaining funds are in a curront account lo service the immediatè operating cashflow requiremant. 11 is not deemed appropriate to make further investments as any additional funds would be required to provide the respite cara facilities and reduce the need for any bank borrowings. RESERVES The Trustees have considered thè requirement of the Trust and its reserves. The Trust alms lo build up a contingency of 12 months total expenditure. to ensure conllnuity of care and to maintain Its operating activities most èffectively. The accounts show that the Trust has £787.502 of nel unre51riclgd reserves against a largot of approximaldy £800,000. The average forecast monthly expenditure is approxlmately £68,000 therefore the charity has about 12 months worth of expenditure In unreslricled reseNes. The Trust is planning to purchase additional land to meet th8 operational demands ol increasing nLJmbers of Glouceslershirg families needing support. This will involvts ¢atIng a campaign and restricting funds lo raise the income needed lo develop their resplle centre Kites Corner. GOING CONCERN The Charity has been able lo continue lo malntain healthy resetves desplle the inability to conduct ils usual fundraislng events throughout the year. Since the year gnd fundraising events have recommenced and this should enable the charity lo have sufficient funding and reserves in place lo ensure that ils going concem status is not pla¢ed al risk. PLANS FOR FUTURE- OBJECTIVES Continue to liaise with Gloueestershire C¢)unty Council regarding acquiringlpurchasing additional land adjacent to Kites Comer lo in¢rease and improve the respite a¢eommodalion lo meet the growing demand To increase 2417 opening As bolh the team and the service grow. investment wlll be required in technical SOare solutions for HR and care related processes Deliver outstanding care and lo aspire lo b8 Taltrd'oulslanding" by the CQC and Ofsled Recruit additional Trusleos SO that we Can ensure we are providing adequate support and speclalisl guidance throughout JHT Re¢ruil more regist$red paedialric nursgs. healthcare assistants and earfy years educators Expand the fundraising team STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The Trust is a Charitable Incorporated Organisation ICIOI consliluled in accordance wllh the Chari116s Act 2011 and is a registered charity number 1183110. The trust 15 active in seeking grants, fundraising and ulilises the income Ihereby recoived together with gifts and don8tlons for the provision ol care facilities in dedicated premises in Gloucester. Page 4
James Ho kins Trust Report of the Trustees F rTheY Ended 31 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Rècruitment and appointment of new Iru$t88s There must be al least three Charity Trustees. If the number falls bèlow this minlmum, the ramaining Trustee or trustees may act only to call a meeting of the Charily Trusleos, or appoint a new Charily Trustee. There is no maximum number of Charity Trustees that Y be appoinlgd to the CIO. Apart frorn the first Charity Trustees, every Truste8 musl be appointed for a term of three years by resolution passèd al a property convened meeting ol the Charity Trustees. Trusleas will be selecled by the charity trustees according lo the skills, knowledge and eXper5en needed for the effective adminislralion of the CIO. A Twstee may b8 removed from office by the Board of Trustees al a properfy convened meeting or may resign their trusteeship by noti in writing to the Board of Trustèes provided that there are al least continuing Twstees. Al the Trustees meelings. the Trustees agree Ihe broad strategy for the Trust Including consSderation of nancing issues, project consideration and appraisal, and rfsk management policies. Inductlon and tralnlng of n?w Trustees The induction material for new Trustees wlll include the charity's governing document in addillon lo the latest annual report and acoounis. with explanatory material where necessary. and recent minutes ol Trustee meetings. Ongoing Iralnlng will bts given where appropriat8 lo equip Trustees with addltional knowledge and skills designed lo meet the needs of the ¢harity and reflecl the different positions of the Trustees, to ensure the charity runs effectively and efficjenlly. K•y managemant remun•ratlon The key management personnel of the charity comprise th8 Trustees, the Trust Dlrector, and Charity M8nager. The total remuneration of key management personnel during the year was £97,532 1202212023.. £85,053). As CQC Registerèd Mang8r, the Trust Diredor has legal responsibility for the carè provided as we51 as Ihe day-lo-day responsibility lor Ihe financial management and sustainability of the Trust, regulation. and compliance issues in addltion lo supporting the Trustees. Tho Trust Director adheros to the limits and authority levels. as set out in Ihg James Hopklns Trust Managerfs Authority Policy Number 059. The Trust Diroctows remungration is reviewed in accordance wlh équivalent roles and guidelines available within the Charity sector. Rlsk man8g•ment The Trustees have a duty to idenlfy and review the risks lo which the charity is exposed and lo ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. The Trustees have considered thè major risks lo which Ihg charity is exposed and have reviewgd those risks and established syslems and procedures lo manage those risks. The Trustees consider the mainlenancg of income from grants. donations and gifts is the rnosl significant risk and have approved the growth of the fundraising team lo continually seek lo find new sourc8s of funding. REFERENCE AND ADMINISTRATIVE DETAILS Registorad Charity number 1183110 Principal address Kites Corner North Upton Lane GIoLJcesler GL4 3TR Page 5
James Hopliins Trust Re )ort of the Trustees ForThe Year Ended 31 MaL2024 Trustees A Fletcher M R Nelmes T. Stuecken Dr. E. Vorslman S Haq (resigned 26,9.231 S Whitlock Independent Examiner Peter Morgan FCA Kingscoll Dix Limited Chartered AcGountanls Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 SEN Approved by order of the board of trustees on and signed on its behalf by.. Imes- Tru Page 6
Inde endent Fxaminer's ReLort to tlie Trustees of l<ills Trust Jamès HO _ Independent examiner's report to the trustee5 of James Hopl<ins Trust I report lo the charily Iruslees on my examination ol th@ accounts of James Hopkins Trust Ilhe Trust) for the year ended 31 May 2024. Responsibilities and basis of report As the charity trustees of the TrLJsI you are responsible for the preparation of the accounts in accordance with the reqLJiremenls of the Charities Act 20111'lhe Acl'l. I report in respect of my examination of the Trusys accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner musl be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Inslilule of Chartered Accountants in England and WaSes, which is one of the li51ed bodies. I have completed my examination. I confirm that no material mallers have come to my attention in connection with the exarninalion giving me cause lo believe that in any material respect". accounting records were not kept in respect of the Trust as required by Section 130 of the A¢l', or the accounts do not accord with those records", or the accounts do not comply with the applicable reouiremenls concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a maller considered as part of an independent examination. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Peter Morgan FCA Kingscoll Dix Limited Chartered Accountsn15 Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 SEN Date.. Page 7
James Ho klns Trust Statement of Financlal Acliviti*s For è Year End 31.5.24 Total funds 31.5.23 Total funds Unreslricled fund Restrtcled funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 249,195 249,195 244.651 Charitabl¥ actlvities Respite Care 98.260 371,199 469,459 410.142 Other Irading activitie8 Invesimenl income 10,590 19.135 10,590 19,135 11,065 4,427 Total 377,180 371,199 748,379 670.285 EXPENDITURE ON Rain9 funds 57,312 57,312 77.429 Charitablè activities Re5pilg Care Support Services 89,268 216.857 317.602 406,870 216,857 442,541 195,674 Total 363,437 317.602 681,039 715,644 NET INCOMEIIEXPENDITUREI 13,743 53.597 67.340 145,359) RECONCILIATION OF FUNDS Total funds brought forw8rd 773,758 1.103,805 1.877,563 1.922,922 TOTAL FUNDS CARRIED FORWARD 787,501 1,157,402 1,944,903 1.877,563 The notes form part of Ihgs8 financial statements Page 8
Jame$14opkins Trust Balance Sheet 31 May 2024 31.5.24 Total funds 31.5.23 Total funds Unreslricled fund Reslricled funds Notes FIXED ASSETS Tangible assels 12 18,908 1,107,250 1,126,158 1,131,068 CURRENT ASSETS Cash at bank and in hand 779,945 50,150 830.095 760,370 CREDITORS AmoLJnts falling due within one year 13 111,3511 111,3501 (13,8751 NET CURRENT ASSETS 768,594 50,151 818,745 746.495 TOTAL ASSETS LESS CURRENT LIABILITIES 787,502 1,157,401 1,944,903 1,877,563 NET ASSETS 787,502 1,157,401 1.944,903 1,877,563 FUNDS Unrestricted funds Reslricled funds 14 787,502 1,157,401 773.758 1,103.805 TOTAL FUNDS 1,944,903 1,877,563 The financial slalements were approved by the Board of Trustees and aulhorised for issue on and were signed on ils behalf by.. M R Nelmes-Tr The notes form part of these financial statements Page 9
Jam¢$ Ho kins Tru$t Cash Fl w Statemenl Year En 1Ma 2024 31.5.24 31.5.23 Notes C•$h flows from ¢pèratlng activitlgs Cash generated from operations 56,729 11.9741 Nel cash provided byllused inl operating activities 56,729 11.9741 Cash flows from investing actlvlties Purchase of tangible fixed assels Interest received 16.1391 19,135 {16,0841 4,427 Net cash provided byllused inl investing activities 12,996 (11,657) Change in cash and cash ¢qulvalent8 in th8 rèporting period Cash and ¢ash equivalents at the b¥glnning of the roportlng period 69,725 (13,631) 760,370 774,001 Cash and cash equivalonts at th• •nd of the reporting period 830,095 760.370 The nolgs form part of Ih¢se financial statements Page 10
James Ho kins Trust Notes to the Cash Flow St¥t8ment ForThe Year E d31Ma 2024 RECONCILIATION OF NET INCOMEI{EXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.5.24 31.5.23 Net incomèllexpenditurol for the reporting pariod las p¢r tha Statement of Financlal Activitie$l Adjustmènts for.. Depreciation charges Interest received Decrease in debtors IDecrease)lincrease in crediloTS 67,340 145,3591 11,051 {19,1351 21,086 14,4271 25,758 968 12,527) Net Cash provided byllused in) operations 56,729 (1.974) ANALYSIS OF CHANGES IN NET FUNDS Al 1.6.23 Cash flow Al 31.5.24 Net cash Cash al bank and in hand 760.370 69.725 830,095 760,370 69,725 830,095 Total 780,370 69,725 830,095 The nolas form part of these financial statements Page11
Jam¥s Ho kins Tru Notes to th? Financial Stat9ments Fo Thè Year En 31Ma ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statements of the charity, which is a public benefit entity under FRS 102, havo been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Practice applicablè to charities preparing Ihelr accounts in accordanca with the Financial Reporting Standard applicable in tho UK and Republic of Ireland {FRS 1021 leffective 1 January 20191.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Charities Act 2011. The financial sialements have b8en prepared under the historical cosl convention. Incomo All income Is recognised in the Slalement of FinanrA81 Activities once the charity has enlillement to the funds, il is probable that the incomo will be received and the amount can be Tneasured reliably. Grant Income Grant income is recognlsed in the accounts when th8 charity is both entitled lo the funds, sufficientty cert8ln Ihal they will be received and the income Can be reliably measured. Where the grant can only be used for a specific purpose sel out in the terms of the grant, the funds are shown as restricted Income. If there are no specified conditions attached lo the 9ranl, it is shown as unreslricled income. Expondllure Llabilities are recognised as èxpendilur8 as soon as there is a legal OT conslru¢tive obligatlon committing the charity lo that expenditure, it is probable that a transfer of econornic benefits will be required in settlement and the amount of the obllgation can be measured reliably. Expenditure is a¢counled for on an accruals basis and has been classified under headlngs that aggregate all Cost related lo the category. Where costs cannot be directly attributed lo particular headlngs they have been a11oc8led to activities on a basis cons1stenl Tmlh tho U$8 of resources. Tangibla fixed a550ts Depreciation is prOved at the following annual rates in Order to write off each asset over ts eslimaled useful life. Improv¢menls lo propaty Plant and machinery Motor vehicles Computer equipment The freehold property and land al Kites corner has not been depreciated as Ihe value of the propety al today'5 prl¢@s al the end of its useful life is considered to be in excess of the cost shown in the accounts. 10% on cost 25% on Cost 20% on cost 25% on cost Taxation The charity is exempl from lax on its charitable aclivi118S. Fund accountlng Unreslricled funds can be usèd in accordance with the charitable obleelives al th8 discretion of the Iruslees. Restricted funds can only b8 used for particular restricted purposes withln the objects of the charfty. Reslriclions arlse when spe¢ified by the donor or when fLJnds are raised for particular restricted purposes. The charity has 4 diffarenl restricted funds The Ovemight & Respite Centre Fund - Thls represents the va1Lse ol ftjnds lied up In Ihe propgrty and assOCi8led equipment. Page 12 onunued...
James Ho klns Trus Notes to thè Flnancial Statements- ontinue For The Yèar Ended 1Ma 20 ACCOUNTING POLICIES- contlnued Fund accounting The Equipment and Fabric Care Fund - This represents the nel book value of specialised equlpmenl at the cent The OvernSght & Resplte Care FurKI This represents the available restricted grant Income for the provision of overnight respite c8re. The fund balance generally has a nll value al tha year end, as this restd¢ted income is usually spent in the year. The Day Respite Care Fund This fund represents available funds which are speclfically for day respite care. P•nsion c¢)sts and other post.retirement bonefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged lo the Statement of Financial Acdvllies in the period to which they relate. Financial Instruments The charity has el8cted to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '01her Financial Instruments Issues. of FRS 102 10 all of ils fin8n¢ial instruments. Financial instruments are recognised in Ihe ch8rily's slalement of financial position when It becomes p8ty to the conlraclual provlsK)ns of thè inslrumenl. Financial assets and liabilities are offset, wilh the net amounts presented Sn the flnancial slalgments. when there is a legally enforceable right to set off Ihe recognised amounts and there is an Snlenlion to settle on a net basis or lo reallse the asset and settlè the liability simu5tsneously. Basic financlal a$$gts Basic financial assets, which include cash and bank balances, are measured at transaction pri¢e including transaction costs and are subsgquenlly ¢arrSed at 8mortised cost using the effeclNe Interest method. Impairmènt of financtal assets Financial assets, other than Ih¢)se held al fair value through the SOFA, are assessed for indleators of impalrmenl al ea¢h reporting and dale. Flnancial assets are impalred where there is objective evidence that, as a result of one or more evenis that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is reco9nised in the SOFA. Basic flnancial liabllltles Basic financial li8biliiies are r8¢ognised al Iransaction price unless the arrangamenl constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rale of interest. DONATIONS AND LEGACIES 31.5.24 31.5.23 Donations Gift aid Legacies 210,067 8,594 30.534 237,622 7.029 249,195 244,651 Page 13 conilnued...
James Ho klns Trust s to the Flnancial Statements- contin For The r Ende 31Ma 24 OTHER TRADING ACTIVITIES 31.5.24 31.5.23 Soclal lotteries 10,590 11.065 INVESTMENT INCOME 31.5.24 31.5.23 Deposit account interest 19.135 4,427 INCOME FROM CHARITABLE ACTIVITIES 31.5.24 31.5.23 Activity Respite Care Grants Public aulhtsrity commissions & conlr8¢tual payments 417.046 327,797 Respite Care 52,413 82,345 469,459 410.142 Grants received, Included In the above. are as fdlows.. 31.5.24 31.5.23 NHS England Together for Short Lives The Julia and Hans Rausing Trust Pattery Trust The Pied Piper Trust Malchroom Charitable Foundatlon Summgrfield Charitable Trust 8arbara Ward Children's Foundation The Sobell Foundation The Albert Hunt Trust Jamès Tudor Foundation Blg Lottery Fund Gloucestershire County Coun¢ll SLA GC Fund Garfied Weston FoundalSon Other grants less than £5000 148,517 80,197 55,000 23,919 17,600 10.000 10,000 7,000 5,000 5.000 5.000 122,867 8,755 50,000 13.200 7,000 5.000 5,000 33,315 26,010 22,000 10,000 24,650 51,813 417,046 327,797 Page14 continued...
James Ho kins Trust Note to the Financial Statèments- continue For Th8 Year nded 3 Ma 202 RAISING FUNDS Raising donations and legacles 31.5.24 31.S.23 Staff costs Fundraising Expenses 39,618 17,694 60,982 16,447 57,312 77,429 CHARITABLE ACTIVITIES COSTS Support cosls158e note 81 Dlrecl Costs Totals Respllg Care Support Servi$ 406.870 406,870 216,857 216,857 406,870 216,857 623,727 SUPPORT COSTS Management Support Services 216.857 Support Costs. included in the above. are as follow8.. 31.5.24 Support SeNkes 31.S.23 Total activf(ies Wagès Social security Pensions Legal and profgssional Insurance CDmpuler Expenses and Training Telephone and ICT Postage and stationery Repairs Sundries Motor and Travel expenses Office Costs Bank charges and interest 116,914 11,149 2,681 4,830 10,242 16,219 7,841 535 20,465 6,821 2,370 16.790 104,898 9,884 2.329 16,131 9.840 18.068 7,421 574 5.929 4.226 2,676 13,463 235 216.857 195,674 Page 15 continued...
James Ho kins Trust Not s to the Flnancial Statements- contlnued rTheY arEnd 31Ma 2024 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslèes. remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023. Trustees. gxpen$os There were no trustees, expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023. 10. STAFF COSTS 31.5.24 31.5.23 Wages and salaries Social security costs Olher penslon costs 494.942 36,857 9,912 $35.833 39,629 9,676 541,711 585,138 The average monthly number of employees during the yearwas as fdlows: 31.5.24 31.5.23 Administration Fundraising Nurses 21 21 27 28 No employees received 6moluments in exc8ss of £80,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrlcted fund ReslriGled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 244.651 244,651 Charitable activiti•s Respite Care 113.650 296,492 410,142 Other trading activities Invesimenl income 11,065 4,427 11,065 4.427 Total 373,793 296.492 670,285 EXPENDITURE ON Raising funds 77,429 77,429 Charitable activltles Respite Care Support Seryices 107.379 195,674 335,162 442.541 195,674 Totsl 380,482 335,162 715,644 NET INCOMEIIEXPENDITUREI (6,6891 138.6701 145,3591 Page 16 continued..
Jamés Ho klns Trust Notes the Financial Statèment For Thè Year nded 31 Ma contin 2024 èd 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- ¢ontinu¢d Unreslricled R9Stricled fund funds Total funds RECONCILIATION OF FUNDS Tol31 funds brought fOard 780,447 1,142,475 1,922.922 TOTAL FUNDS CARRIED FORWARD 773,7S9 1.103,805 1,877.563 12. TANGIBLE FIXED ASSETS Improvements lo property Freehold property Plant and machin&ry COST Al 1 June 2023 Additions Disposals 1,Q98,693 8.880 2,984 11,7261 227,855 955 Al 31 May 2024 1.098,693 70.138 228,810 DEPRECIATION At 1 June 2023 Charge for year Ellminated on disposal 62.784 2,940 11,7261 212.021 3,749 Al 31 May 2024 63,998 215.770 NET BOOK VALUE Al 31 May 2024 1,098,693 6,140 13,040 At 31 May 2023 1,098,693 6.096 15,834 Sensory Garden & Fixtures Motor vehicles Cornpuler equipment Totals COST At 1 Junfj 2023 Addillons Disposals 95,122 2,200 11,500 35,274 1.537,324 6,139 11,726) At 31 May 2024 97.322 11,500 35,274 1,541,737 DEPRECIATION At 1 June 2023 Charge for year Elirninated on disposal 95,122 182 11.500 24,828 4.179 406,255 11,050 {1.7261 At 31 May 2024 95,304 11,500 29,007 415,579 NET BOOK VALUE Al 31 May 2024 2.018 6,267 1,126.158 Al 31 May 2023 10.446 1,131,069 Pag& 17 Continued...
James Ho kins Trust Notes to hè Financial Statements . contin ad For Th Yèar End 31Ma 24 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.5.24 31.5.23 Taxation and social security Other creditors 8,309 3,041 11,054 2,821 11,350 13.875 14. MOVEMENT IN FUNDS Ngt rllovemenl In funds Al 31.5.24 At 1.6.23 Unrestrict8d fund5 General fund 773,758 13,744 787.502 Restricted funds Overnight & Respite Centre Fund Equipment & Fabri¢ Care Fund 1.098,693 5,112 1,098,693 58,708 53,596 1.103.805 53,596 1,157.401 TOTAL FUNOS 1,877,563 67,340 1,944,903 Net movement In funds, included in the above are as follows.. Incoming resources Resources expended Movement in ftjnds Unrèstricted funds General fund 377.180 1363,4361 13.744 Rastricted funds Equipment & Fabric Care Fund Overnight & Respit$ Care Fund Day Respite Cafe Fund 55,710 80,013 235.476 12.1141 180,0131 1235,4761 53,596 371,199 1317,6031 53.596 TOTAL FUNDS 748.379 {681,039} 67,340 Page 18 continued...
James Ho klns Trust Notes to the Financial Statèments- ontinue ForThe Ye r Ended 3 Ma 202 14. MOVEMENT IN FUNDS- contlnu8d Comparatlves for m¢v8ment in funds Net movement in funds At 31.5.23 At 1.6.22 Unr8Stricted funds General fund 780,447 16,6891 773,758 Restrlcted funds Overnight & Respite Centre Fund Equipment & Fabric Care Fund Ovemight & Respite Carè Fund Day Respile Care Fund 1.098,é93 6,994 11,031 25,757 1.098,693 5,112 11,8821 111,0311 {25,757} 1,142,475 138,6701 1,103,805 TOTAL FUNDS 1.922,922 {45,3591 1,877,563 Comparative net movemènt in funds, Induded in the above are as fdlows.. Incoming resources Resources expènded Movement In funds Unrostrlcted funds General fund 373,793 {380.4821 16,689} Restrlcted funds Equipment & Fabric Care Fund Overnight & Respite Care Fkjnd Day Respite Care Fund 11,8821 (109,5461 {223,7341 11,8821 (11,031} {25,757} 98,515 197,977 296.492 1335,162) 138,6701 TOTAL FUNDS 670,285 1715.6441 145.3591 A currant year 12 months and prfor year 12 monihs combSned position is as follows.. Net movemgnt in funds Al 31.5.24 Al 1.6.22 Unrestrict8d funds General fund 780.447 7,055 787.502 Rfrstricted funds Overnight & Respite Cenlre Fund Equipmgnt & Fabric Care Fund Ovemighl & Respite Care Fund Day Respite Care Fund 1,098,693 6,994 11,031 25.757 1,098,693 58.708 51,714 {11.031} 125.757) 1,142.475 14,926 1,157,401 TOTAL FUNDS 1,922,922 21,981 1,944,903 P8ge 19 continued...
James Ho klns Trust Notes 9 th6 Flnancial tatements- c ntlnued For Th Yèar Ended 3 Ma 2024 14. MOVEMENT IN FUNDS - Contlnued A current year 12 months and prior year 12 months combined net movernenl in funds. includgd in the above are as follows.. Incoming resources Resour¢es Movement expended in funds UnreBtrl¢tod fund5 General fund 750,973 {743,918) 7,055 Restricted funds Equipment & Fabric Care Fund Overnight & Respite Care Fund Day Respite Care Fund 55,710 178,528 433,453 13,9961 1189,559} (459,210) 51,714 111,0311 125,757} 667.691 1652,7651 14,926 TOTAL FUNDS 1,418,664 {1,396,6831 21.981 15. RELATED PARTY DISCLOSURES There wgre no related patty transactions for the year ended 31 May 2024. Page 20