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2025-03-31-accounts

Charity registration number 1189565 (England and Wales)

Company registration number 12460725

LAWRENCE HOME NURSING TEAM LTD

T/A LAWRENCE NURSES

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Richard Greaves
Dr Emma Hallam-Evans
Robert Johnston
Alan Mathers
Anna Jo Mathers
Jennifer Nolan MBE
John Pritchard
Dr Jonathan Williams
Sarah Bryson (Appointed 22 July 2025)
Secretary Samantha Dulley
Charity number (England and Wales) 1189565
Company number 12460725
Registered office Chipping Norton War Memorial Community Hospital
Russell Way
London Road
Chipping Norton
Oxfordshire
OX7 5FA
Independent examiner Charlotte Toemaes BSc FCA
Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
OX16 9SA
Bankers Barclays Bank Plc
32 Bridge St
Banbury
Oxfordshire
OX16 5PN
Investment advisors Wise Investments Limited
The Long Barn
Chalford Park Barns
Oxford Road
Chipping Norton
Oxfordshire
OX7 5QR

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES CONTENTS

Page
Trustees' report 1 - 13
Independent examiner's report 14
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 32

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The Charity's objects are as follows:

Our aim is to provide people with end of life nursing care in their own homes.

When asked, most of us say we want to die at home, in the comfort of familiar surroundings, close to those we love.

But that’s only possible if the right end of life care is available. That means having access to specialist advice, nursing care and regular emotional support. And for families caring for loved ones it means having someone they can turn to for reassurance and respite.

That’s where our nurses step in. Providing hands-on care whenever it’s needed, our nurses make it possible for people to be cared for in their own home, surrounded by family, friends and pets. Guided by a patient’s needs and wishes, our nurses work closely with GPs and community nurses to help manage symptoms and give each person the care that’s right for them. And by helping people to relax and feel like themselves, the nurses make sure patients and their families get the most out of their last moments together.

The team offers care whenever it’s needed, whether that’s for a few hours in the day or through the night.

The Board of Directors review our aims and objectives annually. We assess the effectiveness of our service and look for ways in which it could be improved. We have no objectives other than the support of terminally ill patients and their families; and will remain focussed on providing this service to the best of our ability. Our aims fully reflect the purposes that the Charity was set up to further.

The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

From May 2024, the Charity launched it’s new name ‘Lawrence Nurses’ along with the supporting slogan – ‘Hospice care in your home’. From research undertaken in the prior year, we needed to make the charity more appealing and relevant to the digital age. There had also been some confusion in the community about the name and the service that the Charity provided. Our many thanks to Russell Hancock from Extra Strong for all his support with the rebranding of the Charity.

The legal name of the Charity remains Lawrence Home Nursing Team for regulatory and statutory purposes.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Charitable activities

Lawrence Home Nursing Team Limited provides palliative care through its team of professional nurses who are specifically trained in this area. Our aim is to ease suffering and improve the quality of life, both for the patients and their families.

Once again, we have received generous financial support from our local community, which has allowed us to treat all patients who have come to us for help.

Public Benefit

The section of the report entitled ‘Achievements and Performance’ set out how our objectives have been met.

Our activities provide public benefit by ensuring that terminally ill patients are cared for in accordance with their wishes, in their own home and that the support needed is provided to them and their families, without charge within the Chipping Norton and surrounding areas.

The directors have complied with their duty according to Section 17(5) of the Charities Act 2011.

The Board have had due regard for the Charity Commission's guidance on public benefit in England and Wales; and uses it to help in our forward planning and are able to confirm to the best of their belief that the hospice’s activities are of public benefit.

Our Staff

We are fortunate to have a dedicated and established team of nurses who continue to offer a professional, caring and sensitive service to our patients and their families.

We also have a Senior Executive Management Team consisting of a Registered Nursing Manager, Operations Manager, Head of Fundraising, and Finance Manager.

During the year, some of our long-standing nurses retired, some of whom had been with the Charity since its early days. We wish them all a very happy retirement.

We have therefore continued to recruit nursing staff. We have taken on several new nurses in the year to help us keep up with the increased demand for our service. The monthly newsletters and nursing communication channels remain successful. In addition, the senior management team meet every 4-6 weeks.

In May, we created a new post to support the increasing number of patients referred to our service as well as the enhanced bereavement support programme. A permanent band 5 nurse leads our monthly walk and talk support programme.

We invest in our staff with training above what is mandatorily required. 6 members of staff attended a 3 day mental health awareness course during the year, as well as 2 members of the Senior Management Team undertook professional development courses.

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We also put in place income protection and death in service insurance.

Pay rises during the year were in line with market conditions following recommendations as set out from the Remuneration Committee.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Volunteers

In addition to our unpaid Board of Directors, who provide their time and expertise for free, we are proud to have a committed core group of 18 volunteers who continue to give their time freely in support of Lawrence Nurses. Their contributions are vital to the smooth running of our monthly bereavement support group meetings, the successful delivery of a full programme of fundraising events and activities, and the planning and delivery of their independent charity initiatives. We are so grateful for the time, energy, and enthusiasm they bring to the Charity.

In the past year, we were saddened to say goodbye to Mary Parker, a longstanding and much-valued volunteer who stepped down from her role. We thank Mary for her many years of dedicated service. At the same time, we are pleased to have welcomed several new volunteers to the team, thanks in part to a series of successful awarenessraising talks. Their efforts have helped us to reach more people across our catchment area and inspire others to get involved.

Madeleine Rickard continues to lead the coordination and management of our collecting tubs, which are hosted by local businesses across the area. This steady source of community fundraising remains an important contribution to our income and more importantly, raises awareness of Lawrence Nurses in our catchment area.

Strategic report

The description under the headings "Achievements and performance" and "Financial review" meet the company law requirements for the Charity to present a strategic report.

Achievements and performance

The Charity's main activities and who it tries to help are described below. All of our charitable activities focus on the relief of sickness and suffering for people suffering from any terminal illness and are undertaken for the charitable purpose to further Lawrence Home Nursing Team Limited’s public benefit.

In order to achieve its objectives the charity has supported its beneficiaries through the provision of:

End of Life Care at Home

Our palliative nursing care capacity has increased in comparison to the previous financial year. The nursing team now provides care to palliative patients in their last months of life, which includes respite visits to provide much needed support for the patients and their loved ones.

In addition to providing respite care for a patient’s family at home, Lawrence Nurses extends support to a patient’s loved ones after their death through our ‘Walk and Talk’ support group, which started in May 2024. The bereavement support group has been well-received, with increasing numbers of attendees each month.

The service has been well received as evidenced by recent feedback:

“We increasingly needed help with overnight care to enable respite. Lawrence Nurses were incredible and I couldn’t have managed without them and I really appreciated the support and help. I think Lawrence Nurses have been really supportive since my partner passed too. I’ve participated in one of the bereavement walks and intend to come regularly as long as I can.”

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Clinical Activity

The clinical activity for the year is summarised as follows:-

Year Ended
31 March 2025		 Year Ended
31 March 2024
Total Patient Referrals 140 111
Completed Episodes of Care 95 67
Total Patient Visits 1095 929
Total Nursing Hours 4,443.75 3,843.5
Total Day Hours 2119.25 1,147
Total Night Hours 2311.75 2,696.5

Included in nursing hours are direct nursing hours (including assessments) only and do not include general Registered Nurse Manager or Co-ordinator hours.

We continue to contribute to the development of palliative care in our county by participating in the monthly meetings held by the Integrated Care Board and Oxfordshire Palliative Care Network. We have a partnership agreement with Oxford Health Foundation Trust and work closely with the Community Nurses and have quarterly meetings with their lead clinicians, working in North Oxfordshire. We also liaise and work with disease specific specialists and the community clinical nurse specialists working from other local Hospice Charities. The Duty Nursing Co-ordinator also attends the monthly end of life meetings with the five general practitioner surgeries we cover.

Bereavement Support Walks

These take place on the third Wednesday of every month since their creation in May 2024. These walks offer a safe and welcoming space for people to connect, reflect, and find comfort following the death of a loved one. During the year, we have done several different walks around Chipping Norton and the surrounding villages. We hire a hall and lay on refreshments after the walks. The numbers attending the walks have grown as the year has progressed.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Fundraising & Communication Activities

Lawrence Nurses employs a dedicated, full-time Head of Fundraising to lead all fundraising and communications activities.

To support the growing demand and rising cost of delivering palliative and end-of-life nursing care, we significantly increased the range and scale of our fundraising activities during the year. Our efforts were especially ambitious in 2024, marking our 25th anniversary year, which featured a packed calendar of fundraising events and celebrations.

We are, as ever, deeply grateful to our community of supporters, local businesses, individual donors, and charity partners, whose generosity continues to be the foundation of our income. Their support includes everything from organising their own fundraising events, attending and sponsoring our events, playing the online lottery, supporting us via online shopping platforms, donating regularly, or buying our charity Christmas cards.

Fundraising highlights for the year ended 31 March 2025 include:

We were fortunate to be supported by numerous generous sponsors, including Zurich Community Trust (ZCT), Wheelers Chipping Norton, The Midcounties Co-operative (Your Co-op), Wise Investments Ltd, Savills, Hook Norton Brewery, Robert Johnston Associates Ltd, and many other local businesses.

Special thanks to ZCT and Your Co-op. ZCT not only for their continued grant support and sponsoring our fundraising events, but also for providing access to their government apprenticeship levy. This enabled two members of staff to complete strategic leadership and data management training courses. Your Co-op has also continued to champion our work, providing grant funding for mental health awareness courses for our team, selling Christmas cards in-store, raising awareness with stalls and community events.

We also continued to grow and steward our network of individual supporters, including Claire Swan and John Ainley, who once again opened their gardens in South Newington for tours and afternoon tea. Tony, Jessica, and Charlotte of Chapman Robinson and Moore Accountants in Oxford who ran the Oxford Half Marathon in October 2024, chose Lawrence Nurses as their Charity of the Year in 2024 raising £6,550. Continued thanks to Danny Phillips and Judy Barrows for their organisation of our Annual Golf and Cricket Days respectively.

Lawrence Nurses received valuable media coverage during the year, helping to raise awareness of our work and the broader challenges facing hospice-at-home care. In November 2024, we featured in a BBC South news segment on the Assisted Dying Debate, where we maintained a neutral stance. The piece highlighted our service through the voices of our Registered Nurse Manager and volunteer David Best spoke movingly about the care his late wife and family received. The segment was also broadcast on BBC Radio Oxford.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

We have continued our series of community awareness-raising talks, led by the Head of Fundraising, and supported by a volunteer, a Nurse Coordinator, and the Registered Nurse Manager. These talks have played a key role in encouraging new supporters and volunteers to join us.

Despite the challenging economic climate, we are humbled by the enduring generosity and support of our community.

Investment performance

In late 2023 and through 2024, markets rose consistently driven by strong economic performance and expectations of interest rate cuts as inflation eased post-COVID. This rally was spearheaded by the US market and several major tech stocks benefiting from interest in emerging technologies like Artificial Intelligence.

However, 2025 has seen a significant shift, with uncertainty stemming from new US trade policies (tariffs). As a result, markets have reacted negatively, particularly impacting high-valuation stocks sensitive to global trade slowdowns.

While the US, Japan, and Emerging Markets faced declines, Europe stood out with positive performance in early 2025, although it now faces challenges from potential US tariffs and new obligations related to the war in Ukraine. The UK also showed resilience, building on a strong 2024, benefiting from political stability and a valuation gap compared to its international counterparts.

No additions were made to the portfolio in the year. Withdrawals of £100,000, funded by capital investment gains, were made during the winter months when fundraising and dividend income were at their lowest. This allowed the charity to maintain its working capital and continue to deliver its services in full.

Due to this withdrawal, the portfolio value decreased slightly to £2,111,552 from £2,130,715 in 2024. It now consists of £1,693,477 in equities and £418,075 in short-term bonds. In the prior year, the portfolio invested mainly in equities. Short-term bonds can provide stability during market volatility.

During the year, we also transferred the entire portfolio onto a platform with Pershing, which allows us and our Investment advisors to react quickly to changes in the markets. The Directors have again adopted a medium risk investment policy throughout the year. We also adopted a stop loss arrangement to protect the portfolio from significant drops in the portfolio valuation.

Dividend income fell to £88,344 from £102,086 in 2024 due to a strategic shift towards a growth fund with lower

dividends.

We became a formal client of Wise Investments Limited halfway through the previous year. This was the first full year, and the management fees amounted to £16,635 (2024: £7,721).

Looking ahead, the next 12 months pose challenges, but the portfolio is positioned to navigate potential market volatility effectively.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Principal funding sources

The Charity has remained in a good financial position throughout this and the previous year with generous donations, legacies and grants. We have also had a full year of fundraising events in this and the previous year.

Total income for the year is £588,321 (2024: £447,596).

We received voluntary income of £377,588 (2024: £268,497) during the year ended 31 March 2025 which includes £259,327 (2024: £170,714) received as gifts and donations, the uplift is due to donations recovering to the same levels as previous years.

The in-memory donations have remained strong with funeral collection, public fundraisers in memory of a loved one and legacies. Legacies totalled £7,000 (2024: £30,123). The slight reduction in income for memory giving is considered to be related to the general impact of the cost of living inflation.

We received a grant from the NHS amounting to £20,830 (2024: £20,706).

We also received other grants from charitable trusts totalling £40,584 (2024: £25,651) for the year.

During the year, we also received gift aid income totalling £23,847 (2024: £21,303).

We also received in kind funding of £26,000 (2024: £nil).

Reserves policy

The reserves of the Charity as at 31 March 2025 are £2,263,121 (2024: £2,197,892), which are made up of £2,246,213 as unrestricted funds (2024: £2,188,282) and £16,908 as restricted funds (2024: £9,610). The level of free reserves, being total funds, less restricted funds, less fixed assets, was £544,601 (2024: £56,160).

The restricted funds held at 31 March 2025 related to a bereavement walks programme, staff welfare and office running costs.

The restricted funds in the year are tabled in note 21 and can be seen as follows:-

A grant totalling £20,830 represents annual income received from the NHS and was fully applied against nurses’ wages in the year (2024: £20,706).

There were other wages grants amounting to £11,332 which was specified to be applied against nurses’ wages. These grants were fully applied against nurses’ wages in the year (2024: £11,009). The grant for employment a Health Care Assistant, with the permission from the donor after being unable to recruit for this position, was reallocated to nurses wages and the new nurses uniform.

There was a capital expenditure grant received from DHSE Capital Grants fund in the year for £9,586 (2024: £nil), this was fully expended during the year against capital expenditure.

There was a further grant totalling £5,000 (2024: £7,092) for the purpose of providing Bereavement Support Walks, which commenced in May 2024. The balance of the fund at the year end was £5,308, which will be expended in the following financial year (2024: £5,201).

We received training grant of £1,000 towards mental health training of 6 members of staff. This was fully expended in the year. In addition, we received in kind funding of £26,000 for 2 members of senior management to undertake personal development courses, under the ZCT apprentice levy.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

We also received a grant of £10,000 towards office rent, sustainability, and energy savings. We will be taking larger offices in Autumn / Winter 2025. The grant will be expended in 2025/26 (2024: £nil). The grant, with permission from the donor was reallocated from the initial purpose of capital expenditure as our capital expenditure needs had been covered by the DHSE grant for the year. We also received a separate grant of £1,500 towards office costs as well. This grant will also be expended in 2025/26.

There were donations amounting to £400 for staff welfare, which contributed towards a Christmas meal for the nurses. £300 of this was expended and the remaining balance will be used against the 2025 Christmas meal.

The remaining funds of the Charity are all unrestricted, with no stipulation on how these funds should be spent other than to further the aims and objectives of the Charity.

Reserves are set up considering:-

The reserves policy does not include restricted funds. The Charity has no designated or endowment funds in this

year or the previous year.

A surplus amounting to £65,229 has been made this year (2024: deficit of £11,897). This includes an operating deficit of £15,608 (2024: deficit of £51,711). The operating deficit has arisen as a result of our expenditure increasing for the year, with cost of living inflation, whether this be for staff wages or supplies to help run the Charity. This year also shows the impact of a full year of investment management costs as well as additional insurances, storage, and costs associated with rebranding, such as new staff uniforms. However, income has increased this year and this is as a result of charity and public fundraising and donations arising from these events, and increasing our patron club support too. Unfortunately, this was not enough to meet the rising costs of running a Charity. We do have investments we can sell to fully support our charitable activities, so that we can continue to maintain our service at the current levels.

We regularly monitor our cashflow and prepare an annual budget as well as cashflow projections and monthly management accounts. We hold quarterly Finance Committee meetings. We have therefore been able to successfully manage any uncertainties and risks in the year.

At no point in the year was the bank overdrawn and we sold £100,000 of investment to meet working capital needs during the winter months when income streams were at their lowest.

The Directors review current and future funding needs regularly.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to meet at least three months working capital of the Charity. The directors consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

In order to maintain it’s effectiveness, it is expected that the Charity would wish to maintain a normal level of expenditure in the region of £600,000, and as it is a perpetual Charity, these liabilities are real and therefore can be expected to increase in line with inflation.

Our costs have risen steeply over the last few years to support our growth. We continue to believe that this policy remains prudent, and appropriate to our current circumstances. Our reserves meet this requirement at the present time.

The Directors have reviewed this policy in the light of their experience and their plans and expectations for the future. Given the commitments attached to the running of a significant sized operational facility and the considerable uncertainties surrounding the future income streams on which the Charity depends, they have confirmed that it is prudent to maintain the current policy.

Investment policy and objectives

Our investment portfolio derives from generous donations and bequests which we have received during the life of the Charity.

Our strategy is to invest for a significant and growing income, which is used to fund our nursing activities, alongside other income sources.

There are no restrictions on our investment choices. In recent years, we've been able to derive a more attractive level of income from shares of reputable, established companies rather than from fixed-income markets (government or corporate bonds) or cash holdings. Presently, we invest in equities through four well-established funds, all of which have delivered above-average returns over both medium and long-term periods. Over the past year, we transferred our investments to a platform with Pershing, enabling us to make timely adjustments within the portfolio and enhancing our investment flexibility. In March 2025, we allocated 20% of the portfolio's value into short term bonds to safeguard against market volatility and fluctuations. Additionally, we implemented a stop-loss strategy to further shield the portfolio from adverse market movements.

There is a growing recognition among companies of the necessity to minimise their environmental footprint. Many of our invested companies have committed to achieving net-zero carbon emissions by 2030, with others following suit. These considerations are significant to us and to the fund managers we partner with. We also take into account various social issues, including diversity and wage disparities.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

We will be moving to larger premises known as Highlands in the next financial year, which will create a better working environment for multiple numbers of staff being in the office as well as an in-house meeting space.

We are working on moving towards using an electronic case management system in 2025/2026. The Registered Nurse Manager and Operations Manager are currently reviewing available options.

We will continue and grow our Bereavement Support Walks and build on the success of this programme. We are hoping to gain a permanent free meeting space going forwards.

We will also be getting the next tranche of the Capital Expenditure grant from DHSE to continue our digitalisation project and furnish new office premises.

We are committed to increasing the number of volunteers supporting our work. A particular focus will be on engaging younger people through the Duke of Edinburgh’s Award Scheme, offering meaningful opportunities for young volunteers to develop new skills while making a positive impact in their community. We are also continuing our outreach efforts with local schools.

We will continue to raise awareness of our work through talks to community groups in towns and villages across our area as well as media coverage, where opportunities arise. A digital, end of year newsletter is planned, which will accompany our Christmas cards and provide supporters with updates and reflections from the year. In May 2025, ITV Meridian will air a further piece exploring the funding crisis in hospice care, interviewing a current patient, a nurse, volunteer David Best, and the Head of Fundraising, emphasising the vital importance of our work and the need for sustainable funding to continue delivering our services.

We are also seeking to broaden our network of support by forging new partnerships with local businesses and encouraging them to join us as Charity partners. At the same time, we will continue to grow our Patrons' Club, a vital group of major donors whose multi-year commitments help to sustain and expand our services. We will seek to increase income from grants, with a proactive approach to securing support from both statutory and non-statutory sources. We are mindful that previous grant funding cannot be guaranteed and are diversifying our applications to help safeguard our long-term sustainability.

A varied and exciting calendar of fundraising and awareness-raising events is planned throughout the next financial year, including:

Going Concern

There are no going concern issues to report and the Directors are confident of the Charity's ability to continue.

Structure, governance and management

The Charity is a company limited by guarantee, controlled by its governing document the Memorandum and Articles of Association incorporated 13 February 2020.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees, who are also the Directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Joanne Cowley (Resigned 26 August 2024) Richard Greaves Dr Emma Hallam-Evans Robert Johnston Alan Mathers Anna Jo Mathers Jennifer Nolan MBE John Pritchard Dr Jonathan Williams Sarah Bryson (Appointed 22 July 2025)

Appointment of new directors

New Directors are appointed by the Board of Directors or alternatively at the Annual General Meeting by the Members when there is capacity or a need for particular skills/ experience. There is an agreed appointment process in place. The appointment of a prospective new Director is discussed at a Board Meeting to ensure that the person will be able to contribute to the achievement of the Charity's objectives. A ‘Fit and Proper’ persons check is undertaken together with a DBS check prior to the recruitment process, as well as two references. We have developed a standard reference template to ensure consistent information is obtained at the reference stage.

Qualifying third party indemnity provisions

All directors give their time voluntarily, though expenses may be paid.

None of the directors have any beneficial interest in the Charitable Company. All of the Directors are Members of the Company and guarantee to contribute £10 in the event of a winding up.

Governance and management

The Governance of Lawrence Nurses is overseen by the Governance Committee. Its purpose is to ensure that the Board of Directors and its various Committees fulfil their legal, ethical and functional responsibilities thereby ensuring that good governance and management are practiced within the Charity. The Charity has complied with all its regulatory and statutory requirements.

Lawrence Nurses is managed by a Board of Directors who are also Trustees and who are responsible for its strategic direction. The Directors have a wide range of relevant skills and work together to deliver the Charity's objectives. The Charity also has a Senior Executive Management Team who aid the day to day running of the Charity.

The Board approves strategic decisions, the annual budget and monitors the financial position of the Charity on a regular basis.

The Board has delegated the authority to decide the remuneration for all employees to the Remuneration Committee. The Remuneration Committee is represented by the Chair or nominee of each committee. Remuneration levels are reviewed annually and pay rises may be given in accordance with market conditions. We also try to ensure that our remuneration levels reflect cost of living inflation and what other similar, local Charities are paying and that they also reflect the valuable work which our wonderful team undertakes.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Our Directors each have specialist skills pertinent to the operations of the Charity be it clinical, nursing and palliative care, finance, investment, fundraising or governance.

The Directors, along with senior management, are attached to one or more Committees according to their areas of expertise. Each Committee meets regularly to discuss its operations and reports to the Board on its activities and developments.

The Operations Manager attends each Committee meeting and ensures that there is alignment and good communication between the Committees and other parts of the Charity. The Operations Manager is also the Charity's Data Protection Officer, and CQC nominated individual. One of the Charity's Directors fulfils the role of Caldicott Guardian and another as Senior Information Risk Officer.

Before each Board meeting, the Directors receive updates on the nursing team, the financial position, the investment portfolio, fund-raising activities and governance issues from the either the Chairs of each Committee or senior managers. The Board of Directors meets quarterly.

Regular Board meetings provide an opportunity to support and provide guidance to Directors and Managers and ensure that decision-making is well informed and timely as well as ensure accountability. Our working practices ensure that our governance and all policies and procedures are in line with legal requirements that we must adhere to, as well as those introduced by our Governance Committee.

Induction and training of new Directors

All new Directors will be provided with an induction programme which provides an introduction to the working of the Charity, which standardises the appointment process. It includes Charities Commission guidance on the roles and responsibilities of being a Charity Trustee and Director. Following the induction programme, further training may be provided, if required.

All Directors are encouraged to get to know the community we support and our staff, in particular the nursing team. Where possible, one director will attend nurses' meetings and do a presentation about themselves and their role within the Charity and take questions, which has enhanced collaborative working.

Related parties and relationships with other organisations

Lawrence Home Nursing Team Limited has a long history of collaborative working with the both the third and the statutory sectors. It is our belief that working with stakeholders and other hospice care providers allow us to deliver the best quality outcomes for our patients.

We are also in receipt of a grant from the NHS during the year. The Charity has also benefitted from free office running costs from the NHS in this and the previous year.

Alan and Anna Jo Mathers are both Directors. Only Alan Mathers holds a key role and is a bank signatory within the Charity. They do not part take in any vote on any decisions involving their spouse.

Full details of related parties are referred to in note 24 in the Financial Statements.

Risk Management

The Chair of the Governance Committee also fulfils the role of Senior Information Risk Officer.

The Directors are aware of the major risks to which the Charity is exposed (clinical, financial, operational, governance and compliance, reputational and external) and take the appropriate mitigation steps, when necessary. In particular, the Clinical Risk Register is regularly monitored and there is a Financial Risk Policy in place which is also regularly reviewed. A Risk Analysis is completed quarterly by each Committee collated by the Operations Manager. Risks are reviewed at each Board meeting and appropriate action taken, if required.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT AND STRATEGIC REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees' report, including the strategic report, was approved by the Board of Trustees.

Richard Greaves

Trustee

Date: 2 October 2025

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF LAWRENCE HOME NURSING TEAM LTD

I report to the Trustees on my examination of the financial statements of Lawrence Home Nursing Team Ltd (the Charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Charlotte Toemaes BSc FCA

Ellacotts LLP Countrywide House 23 West Bar Banbury Oxfordshire OX16 9SA 10 October 2025

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
296,349
81,239
Other trading activities
3
121,759
-
Investments
4
88,974
-
Total income
507,082
81,239
Expenditure on:
Raising funds
5
112,396
-
Charitable activities
6
417,592
73,941
Total expenditure
529,988
73,941
Net gains/(losses) on
investments
11
80,837
-
Net income/(expenditure) and
movement in funds
57,931
7,298
Reconciliation of funds:
Fund balances at 1 April 2024
2,188,282
9,610
Fund balances at 31 March
2025
2,246,213
16,908		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
377,588
229,690
38,807
121,759
76,523
-
88,974
102,576
-
588,321
408,789
38,807
112,396
81,868
-
491,533
388,242
29,197
603,929
470,110
29,197
80,837
39,814
-
65,229
(21,507)
9,610
2,197,892
2,209,789
-
2,263,121
2,188,282
9,610		 Total
2024
£
268,497
76,523
102,576
447,596
81,868
417,439
499,307
39,814
(11,897)
2,209,789
2,197,892

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Debtors
16
Investments
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
The funds of the Charity
Restricted income funds
21
Unrestricted funds
22		 2025
£
£
2,240
5,895
1,693,477
1,701,612
43,832
418,075
116,036
577,943
(16,434)
561,509
2,263,121
16,908
2,246,213
2,263,121		 2024
£
£
-
1,407
2,130,715
2,132,122
34,343
-
43,959
78,302
(12,532)
65,770
2,197,892
9,610
2,188,282
2,197,892		 2024
£
£
-
1,407
2,130,715
2,132,122
34,343
-
43,959
78,302
(12,532)
65,770
2,197,892
9,610
2,188,282
2,197,892
2,132,122
65,770
2,197,892
9,610
2,188,282
2,197,892

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 2 October 2025

Richard Greaves Trustee

Alan Mathers Trustee

Company registration number 12460725 (England and Wales)

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

2025
Notes
£
£
Cash flows from operating activities
Cash absorbed by operations
25
(107,040)
Investing activities
Purchase of intangible assets
(2,613)
Purchase of tangible fixed assets
(6,982)
Purchase of investments
(418,075)
Proceeds from disposal of investments
517,813
Investment income received
88,974
Net cash generated from investing activities
179,117
Net cash generated from financing activities
-
Net increase/(decrease) in cash and cash
equivalents
72,077
Cash and cash equivalents at beginning of year
43,959
Cash and cash equivalents at end of year
116,036		 2024
£
£
(159,422)
-
(2,543)
(50,000)
30,000
102,576
80,033
-
(79,389)
123,348
43,959

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Lawrence Home Nursing Team Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Chipping Norton War Memorial Community Hospital, Russell Way, London Road, Chipping Norton, Oxfordshire, OX7 5FA.

The charity is a public benefit entity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income for services provided is recognised when the Charity is legally entitled to it after any performance conditions have been met (i.e. the service has been provided), the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income derived from investments is recognised on a receivables basis, when the amounts can be reliably measured, and it is probable that the income will be received.

Income from grants is recognised when there is evidence of entitlement is present, receipt is probable and its amount can be measured reliably.

Fundraising income is recognised when the event takes place.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be reliably measured. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website, rebranding and compliance

7 years straight line

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 33% straight line Computers 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.9 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.11 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.12 Taxation

Lawrence Nursing Home Team Limited is a registered Charity and accordingly exempt from Taxation on its income and gains where they are applied for charitable purposes.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.15 In kind funding / support

The Charity benefits from the services of volunteers, who spend many hours assisting the charity with fundraising events. The trustees are of the opinion that the volunteers' services are not reasonably quantifiable or measureable and therefore no cost is represented in the financial statements.

The Charity has also benefitted from office facilities at no charge from the NHS in this and the previous year.

We have recognised the cost of training received under the Apprentice levy.

1.16 Current asset investments

Bonds held within the investment portfolio that are intended for use within twelve months are shown within current asset investments.

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
258,004
1,323
Legacies
7,000
-
Grants
7,498
53,916
Donated goods and
services
-
26,000
Other
23,847
-
296,349
81,239
Donations and gifts
Donations from
Individuals
22,378
1,323
Donations from
Organisations
45,136
-
In Memory Donations
29,974
-
Patron's Club Donations
119,382
-
Public Fundraisers
28,784
-
Other
12,350
-
258,004
1,323		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
259,327
170,714
-
7,000
30,123
-
61,414
7,550
38,807
26,000
-
-
23,847
21,303
-
377,588
229,690
38,807
23,701
6,662
-
45,136
6,211
-
29,974
40,091
-
119,382
95,368
-
28,784
-
-
12,350
22,382
-
259,327
170,714
-		 Total
2024
£
170,714
30,123
46,357
-
21,303
268,497
6,662
6,211
40,091
95,368
-
22,382
170,714

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2
Income from donations and legacies
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Grants
NHS
-
20,830
Hospice UK
-
9,586
Zurich
-
16,000
UK Trusts
7,498
1,500
Albert Hunt
-
5,000
Other
-
1,000
7,498
53,916		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
(Continued)
20,830
-
20,706
20,706
9,586
-
-
-
16,000
7,550
18,101
25,651
8,998
-
-
-
5,000
-
-
-
1,000
-
-
-
61,414
7,550
38,807
46,357		 Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
(Continued)
20,830
-
20,706
20,706
9,586
-
-
-
16,000
7,550
18,101
25,651
8,998
-
-
-
5,000
-
-
-
1,000
-
-
-
61,414
7,550
38,807
46,357
46,357

3 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 121,759 76,523
4 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from listed investments 88,344 102,086
Interest receivable 630 490
88,974 102,576

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

5 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Seeking donations, grants and legacies 2,037 2,642
Staging fundraising events 55,347 27,151
Other fundraising costs 1,880 -
Staff costs 53,132 52,075
112,396 81,868

6 Expenditure on charitable activities

Providing Providing
end of life end of life
care care
2025 2024
£ £
Direct costs
Staff costs 328,699 302,524
Nurses mileage & uniforms 15,207 10,607
Nurses training 1,572 1,595
Nursing equipment & supplies 2,098 2,266
Nurses meetings - 236
347,576 317,228
Share of support and governance costs (see note 7)
Support 142,332 98,295
Governance 1,625 1,916
491,533 417,439
Analysis by fund
Unrestricted funds 417,592 388,242
Restricted funds 73,941 29,197
491,533 417,439

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Support costs allocated to activities

Administration staff costs
Depreciation and amortisation
Insurance
Paypal and Just Giving charges
Other staff costs and training
Repairs and maintenance
Office expenditure
Marketing, including rebranding costs
Accountancy and payroll costs
Subscriptions
Sundry expenses
Portfolio investment fees
Governance costs
Analysed between:
Providing end of life care
Governance costs comprise:
Legal and professional
Independent Examiners fee
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the Charity's financial
statements
Depreciation of owned tangible fixed assets
Amortisation of intangible assets		 2025
£
62,948
2,867
12,783
1,974
29,042
61
8,036
2,806
1,659
1,131
1,400
16,635
2,615
143,957
143,957
2025
£
990
1,625
2,615
2025
£
1,625
2,494
373		 2024
£
57,002
1,809
10,187
2,145
3,453
30
6,894
5,742
1,615
926
771
7,721
1,916
100,211
100,211
2024
£
366
1,550
1,916
2024
£
1,550
1,809
-

9 Trustees

During this and the previous year no trustee received remuneration nor reimbursement of expenses.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

10 Employees

The average monthly number of employees during the year was:

Admin
Fundraising
Nursing Manager
Nurses
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
2
1
1
17
21
2025
£
397,421
29,741
17,617
444,779		 2024
Number
2
1
1
16
20
2024
£
368,179
26,734
16,688
411,601

There were no employees whose annual remuneration was more than £60,000.

11 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 81,099 31,560
Sale of investments (262) 8,254
80,837 39,814

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

13 Intangible fixed assets

Intangible fixed assets
Website,
rebranding
and
compliance
£
Cost
At 1 April 2024 -
Additions - separately acquired 2,613
At 31 March 2025 2,613
Amortisation and impairment
At 1 April 2024 -
Amortisation charged for the year 373
At 31 March 2025 373
Carrying amount
At 31 March 2025 2,240
At 31 March 2024 -

14 Tangible fixed assets

Tangible fixed assets
Fixtures and Computers Total
fittings
£ £ £
Cost
At 1 April 2024 2,081 6,990 9,071
Additions 770 6,212 6,982
Disposals - (6,233) (6,233)
At 31 March 2025 2,851 6,969 9,820
Depreciation and impairment
At 1 April 2024 1,034 6,630 7,664
Depreciation charged in the year 751 1,743 2,494
Eliminated in respect of disposals - (6,233) (6,233)
At 31 March 2025 1,785 2,140 3,925
Carrying amount
At 31 March 2025 1,066 4,829 5,895
At 31 March 2024 1,047 360 1,407

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

15 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 April 2024 2,130,715
Valuation changes 81,099
Losses on disposals (262)
Disposals (518,075)
At 31 March 2025 1,693,477
Carrying amount
At 31 March 2025 1,693,477
At 31 March 2024 2,130,715

16 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
1,800
29,151
12,881
43,832		 2024
£
199
19,151
14,993
34,343

Other debtors include grants receivable, due from HM Revenue & Customs for Gift Aid of £21,052 (2024: £14,996) and VAT of £4,870 (2024: £3,894). A total of £2,614 (2024: £261) was due from Just Giving, Much Loved Giving Site and Enthuse. There were sundry other debtors of £615 (2024: nil).

17 Current asset investments

Current asset investments
2025 2024
£ £
Unlisted investments 418,075 -

Unlisted investments are made up of bonds transferred from our investment portfolio during the year.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Creditors: amounts falling due within one year

2025 2024 2024
Notes £ £
Deferred income 19 5,135 300
Trade creditors 864 578
Other creditors 2,988 2,977
Accruals 7,447 8,677
16,434 12,532
Other creditors of £2,988 (2024: £2,977) relates to March 2025 pension contributions. This was settled in April
2025.
19 Deferred income
2025 2024
£ £
Arising from Future Fundraising events 5,135 300
Deferred income is included in the financial statements as follows:
2025 2024
£ £
Deferred income is included within:
Current liabilities 5,135 300
Movements in the year:
Deferred income at 1 April 2024 300 11,135
Released from previous periods (300) (11,135)
Resources deferred in the year 5,135 300
Deferred income at 31 March 2025 5,135 300
20 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 17,617 16,688

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

21 Restricted funds

The restricted funds of the Charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At
DHS Capital Expenditure Funding Grant
Staff Welfare Fund
Bereavement Support Walks
Nursing Care (Wages Grant) (was Healthcare
Assistant Grant)
Training Grant
Office Grant
NHS Grant
Previous year:
At
Nursing Care (Wages Grant)
NHS Grant Fund
Bereavement Support Walks
Health Care Assistant Grant		 1 April
2024
Incoming
resources
Resources
expended
At 31 March
2025
£
£
£
£
-
9,586
(9,586)
-
-
400
(300)
100
5,201
5,000
(4,893)
5,308
4,409
6,923
(11,332)
-
-
27,000
(27,000)
-
-
11,500
-
11,500
-
20,830
(20,830)
-
9,610
81,239
(73,941)
16,908
1 April
2023
Incoming
resources
Resources
expended
At 31 March
2024
£
£
£
£
-
6,600
(6,600)
-
-
20,706
(20,706)
-
-
7,092
(1,891)
5,201
-
4,409
-
4,409
-
38,807
(29,197)
9,610

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

21 Restricted funds

(Continued)

DHSC capital expenditure funding grant

This is the charity’s share of the governments Hospice £100 million grant. The grant has been expended on capital equipment purchases in the year. We fully expended our grant in the year. We will receive a further final grant in the next financial year.

Staff Welfare Fund

Monies restricted within the Staff Welfare Fund are held primarily to celebrate and promote the contribution of our nursing team.

Bereavement Support Walks

The fund was for the purposes of providing bereavement support walks. The support walks commenced from May 2024.

Nursing Care (Wages Grant) (was referred to as Healthcare Assistant Grant)

We were unable to recruit a band 3 Health Care Assistant. With the donor's permission this was reallocated to nurses wages and new uniforms.

Training grant

The grant for the mental health training was fully expended in the year. We also were able to benefit from doing management training courses using one of our charity partners training apprentice levy, this has been recognised as in-kind funding.

Office grant

This will be expended in the next financial year when we move to Highlands. We went back to the donor to change the purpose of this grant to mainly go against office rent rather than capital expenditure (we were not aware of the government DHSC capital expenditure funding grant when we initially applied for this grant). There was also an additional separate grant for £1,500 for this purpose as well.

NHS Grant

This grant represents grant income received from the NHS to cover nurses wage costs.

22 Unrestricted funds

The unrestricted funds of the Charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.

General funds
Previous year:
General funds		 At 1 April
2024
Incoming
resources
Resources
expended
Gains and
losses
At 31 March
2025
£
£
£
£
£
2,188,282
507,082
(529,988)
80,837
2,246,213
At 1 April
2023
Incoming
resources
Resources
expended
Gains and
losses
At 31 March
2024
£
£
£
£
£
2,209,789
408,789
(470,110)
39,814
2,188,282

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2025
2025
£
£
Fund balances at 31
March 2025 are
represented by:
Intangible fixed assets
2,240
-
Tangible assets
5,895
-
Investments
1,693,477
-
Current assets/(liabilities)
544,601
16,908
2,246,213
16,908		 Total Unrestricted
funds
Restricted
funds
2025
2024
2024
£
£
£
2,240
-
-
5,895
1,407
-
1,693,477
2,130,715
-
561,509
56,160
9,610
2,263,121
2,188,282
9,610		 Total
2024
£
-
1,407
2,130,715
65,770
2,197,892

24 Related party transactions

Transactions with related parties

During the year trustee donations totalled £5,184 (2024: £5,150).

During the year related party donations and sponsorship totalled £14,422 (2024: £19,335). There was no deferred income for sponsorship monies from related parties during this or the previous year.

During the year, transactions amounting to £100 (2024: £nil) were included in expenses for services provided by J & J Williams in which Jonathan Williams, trustee, is a partner. These were all undertaken at the market rate on normal commercial terms.

During the year, transactions amounting to £250 (2024: £nil) were included in expenses for art design work carried out by the daughter of Robert Johnston, a trustee. These were all undertaken at the market rate on normal commercial terms.

During the year the investments of the Charity were managed by Wise Funds Limited of which Anthony Yarrow, a former trustee, was also a Director until he resigned in June 2021. Anthony resigned as Trustee of Lawrence Home Nursing Team Limited on 13 July 2022 and continued to manage the portfolio until we became a formal client of Wise Funds Limited in the prior year.

LAWRENCE HOME NURSING TEAM LTD T/A LAWRENCE NURSES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

25 Cash absorbed by operations 2025 2024
£ £
Surplus/(deficit) for the year 65,229 (11,897)
Adjustments for:
Investment income recognised in statement of financial activities (88,974) (102,576)
Loss/(gain) on disposal of investments 262 (8,254)
Fair value gains and losses on investments (81,099) (31,560)
Amortisation and impairment of intangible assets 373 -
Depreciation and impairment of tangible fixed assets 2,494 1,809
Movements in working capital:
(Increase)/decrease in debtors (9,227) 2,188
(Decrease)/increase in creditors (933) 1,703
Increase/(decrease) in deferred income 4,835 (10,835)
Cash absorbed by operations (107,040) (159,422)